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712800.0
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2023-12-12 00:00:00 UTC
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Why Elevance Health (ELV) is a Top Value Stock for the Long-Term
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https://www.nasdaq.com/articles/why-elevance-health-elv-is-a-top-value-stock-for-the-long-term-3
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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: Elevance Health (ELV)
Based in Indianapolis, IN, Elevance Health is one of the largest publicly traded health insurers in the United States, in terms of membership. The company was previously named Anthem, Inc. Effective Jun 27, 2022, the corporate name was changed to Elevance Health and began trading under the ticker “ELV” on Jun 28. Before Anthem, it was named WellPoint Inc.
ELV is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
It also boasts a Value Style Score of A thanks to attractive valuation metrics like a forward P/E ratio of 14.4; value investors should take notice.
14 analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.13 to $33.06 per share. ELV boasts an average earnings surprise of 2.9%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, ELV 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
Elevance Health, Inc. (ELV) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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? 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. That's where the Style Scores come in.
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a7c5204f-a7cc-40db-8c3b-496d8d851e14
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712801.0
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2023-12-12 00:00:00 UTC
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Down -22.72% in 4 Weeks, Here's Why 5E Advanced Materials, Inc. (FEAM) Looks Ripe for a Turnaround
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https://www.nasdaq.com/articles/down-22.72-in-4-weeks-heres-why-5e-advanced-materials-inc.-feam-looks-ripe-for-a
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5E Advanced Materials, Inc. (FEAM) has been beaten down lately with too much selling pressure. While the stock has lost 22.7% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier.
How to Determine if a Stock is Oversold
We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measures the speed and change of price movements.
RSI oscillates between zero and 100. Usually, a stock is considered oversold when its RSI reading falls below 30.
Technically, every stock oscillates between being overbought and oversold irrespective of the quality of their fundamentals. And the beauty of RSI is that it helps you quickly and easily check if a stock's price is reaching a point of reversal.
So, by this measure, if a stock has gotten too far below its fair value just because of unwarranted selling pressure, investors may start looking for entry opportunities in the stock for benefitting from the inevitable rebound.
However, like every investing tool, RSI has its limitations, and should not be used alone for making an investment decision.
Why FEAM Could Bounce Back Before Long
The RSI reading of 29.31 for FEAM is an indication that the heavy selling could be in the process of exhausting itself, so the stock could bounce back in a quest for reaching the old equilibrium of supply and demand.
This technical indicator is not the only factor that calls for a potential rebound for the stock. There is a fundamental indicator as well. A strong agreement among sell-side analysts covering FEAM in raising earnings estimates for the current year has led to an increase in the consensus EPS estimate by 15.1% over the last 30 days. And an upward trend in earnings estimate revisions usually translates into price appreciation in the near term.
Moreover, FEAM currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. This is a more conclusive indication of the stock's potential turnaround in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
5E Advanced Materials, Inc. (FEAM) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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 stock has lost 22.7% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier. And the beauty of RSI is that it helps you quickly and easily check if a stock's price is reaching a point of reversal. 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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Moreover, FEAM currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> 4 Oil Stocks with Massive Upsides Global demand for oil is through the roof... and oil producers are struggling to keep up. Click to get this free report 5E Advanced Materials, Inc. (FEAM) : Free Stock Analysis Report To read this article on Zacks.com click here.
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How to Determine if a Stock is Oversold We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. Why FEAM Could Bounce Back Before Long The RSI reading of 29.31 for FEAM is an indication that the heavy selling could be in the process of exhausting itself, so the stock could bounce back in a quest for reaching the old equilibrium of supply and demand. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> 4 Oil Stocks with Massive Upsides Global demand for oil is through the roof... and oil producers are struggling to keep up.
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RSI oscillates between zero and 100. Zacks Investment Research has just released an urgent special report to help you bank on this trend. Want the latest recommendations from Zacks Investment Research?
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b8446b75-649e-462f-8b6c-0ef0d99a7eae
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712802.0
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2023-12-12 00:00:00 UTC
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Want to Play the "Santa Claus" Rally? Buy these 3 Stocks
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DCOMP
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https://www.nasdaq.com/articles/want-to-play-the-santa-claus-rally-buy-these-3-stocks
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Did you know that December is higher more often than any other month? That’s right. Historically, stocks enjoy gains 74% of the time. December is especially strong in pre-election years (like the one we are in now). Since 1950, the S&P 500 Index has gained 2.9% in pre-election year Decembers.
It’s Not Too Late
The Santa Claus rally is often misconstrued as a phenomenon that occurs throughout December. However, historical data suggests that the Santa Claus rally occurred from December 15th until January 5th. In other words, if history serves us well, the Santa Claus rally will begin next Friday.
Image Source: Ryan Detrick, Carson Investment Research
Window Dressing & Performance Chasing
Performance chasing on Wall Street refers to investors’ tendency to buy assets or securities that have performed well through the year, expecting the trend to continue. This behavior is driven by the fear of missing out on potential gains. Meanwhile, window dressing involves fund managers making last-minute adjustments to their portfolios at the end of a reporting period to create a more favorable appearance. With the Nasdaq 100 ETF (QQQ) up nearly 50% year-to-date, the tech-heavy index should benefit from the forces of window dressing and performance chasing.
Finding Stocks to Take Advantage of Santa Clause Phenomenon
Did you know that stocks that have already doubled tend to be the most likely to double again? That’s because, on Wall Street, momentum tends to persist, and strength begets strength. This concept is rooted in the idea that strong-performing stocks attract more attention from investors, leading to increased demand and positive sentiment. As the stock’s momentum builds, more investors become interested, driving further price appreciation in a positive feedback loop. When looking for stocks to play a “Santa Claus” rally, look for the following:
· A Strong Chart Setup: Regardless of the time of the year, this is a prerequisite for picking a stock.
· Signficant YTD Gains: The “window dressing” phenomenon occurs in the stocks that have already seen significant price gains.
· Institutional Favorites: To pile into a stock, institutions require liquidity. Stick to the highly-liquid, institutional quality stocks.
3 Stocks to Ride into Year-End
Super Micro Computer (SMCI): Exploit AI Momentum
Super Micro Computer plays a significant role in the AI industry by providing advanced and high-performance computing solutions. Specializing in server technology, Supermicro designs and manufactures server systems, components, and accessories that are widely use in AI and machine learning applications. Their products cater to the demands of data centers and enterprises that require powerful hardware for AI workloads.
SMCI: Everything but the Kitchen Sink
Amid exploding AI demand, SMCI announced a public offering to sell more than $2 million shares of common stock. The proceeds of the offer will be used to support its operations, manufacturing, and R&D needs. Share offerings of this nature are often a short-term negative for a stock because they add more supply to the market. However, the fact that SMCI stock is flat since the offer a bullish sign. Meanwhile, early Monday, SMCI was hit with a downgrade where the analyst put a price target of $160 on the stock (SMCI is currently trading at $260). Again, SMCI absorbed the negative news. The reaction to negative news is often more valuable to investors than the news itself. If the stock can claw back above its 50-day moving average, it should rally strongly into year-end.
Image Source: TradingView
The Zacks “Consensus Estimate Trend” also shows that, as a whole, analysts are becoming more bullish on the stock.
Image Source: Zacks Investment Research
Carvana (CVNA): Reversion to the Mean
Carvana is an online automotive retail platform that simplifies the process of buying and selling used cars. Customers can browse through a wide selection of vehicles on Carvana’s website, complete the purchase online, and have the car delivered to their doorstep or pick it up from one of Carvana’s automated car vending machines.
Carvana is an excellent illustration of how crisis can lead to opportunity in the stock market. As US equities cratered in 2022, CVNA was in severe financial trouble and lost more than $8 per share in EPS. However, after cutting costs and raising new capital, the stock swung to a profit in 2023, against all odds.
Image Source: Zacks Investment Research
Though Carvana has corrected off its 52-week highs achieved in July, the stock is one of Wall Street’s top performers year-to-date, amassing eye-popping gains of 750%. Despite the massive gains, CVNA bears remain stubborn. The stock has an enormous short-interest of 38%. As the year closes, these stubborn bears may finally capitulate for tax harvesting purposes and squeeze shares higher.
Snowflake (SNOW): Betting on a Software Comeback
Snowflake is a cloud-based data warehousing platform that provides a scalable and flexible solution for storing and analyzing large volumes of data. Last quarter, Snowflake grew earnings by 127% on revenue growth of 32%, year-over-year. At the same time, the software industry, and SNOW in particular, have seen valuations condense dramatically. SNOW’s price-to-sales ratio is hovering near all-time lows.
Image Source: Zacks Investment Research
As the year closes, institutions will look to position themselves in stocks with strong growth and reasonable valuations. For these reasons, SNOW is a must-own into year-end.
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
Invesco QQQ (QQQ): ETF Research Reports
Super Micro Computer, Inc. (SMCI) : Free Stock Analysis Report
Snowflake Inc. (SNOW) : Free Stock Analysis Report
Carvana Co. (CVNA) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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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Meanwhile, window dressing involves fund managers making last-minute adjustments to their portfolios at the end of a reporting period to create a more favorable appearance. Image Source: Zacks Investment Research Though Carvana has corrected off its 52-week highs achieved in July, the stock is one of Wall Street’s top performers year-to-date, amassing eye-popping gains of 750%. Image Source: Zacks Investment Research As the year closes, institutions will look to position themselves in stocks with strong growth and reasonable valuations.
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Image Source: Ryan Detrick, Carson Investment Research Window Dressing & Performance Chasing Performance chasing on Wall Street refers to investors’ tendency to buy assets or securities that have performed well through the year, expecting the trend to continue. 3 Stocks to Ride into Year-End Super Micro Computer (SMCI): Exploit AI Momentum Super Micro Computer plays a significant role in the AI industry by providing advanced and high-performance computing solutions. Click to get this free report Invesco QQQ (QQQ): ETF Research Reports Super Micro Computer, Inc. (SMCI) : Free Stock Analysis Report Snowflake Inc. (SNOW) : Free Stock Analysis Report Carvana Co. (CVNA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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When looking for stocks to play a “Santa Claus” rally, look for the following: · A Strong Chart Setup: Regardless of the time of the year, this is a prerequisite for picking a stock. Image Source: Zacks Investment Research Though Carvana has corrected off its 52-week highs achieved in July, the stock is one of Wall Street’s top performers year-to-date, amassing eye-popping gains of 750%. Click to get this free report Invesco QQQ (QQQ): ETF Research Reports Super Micro Computer, Inc. (SMCI) : Free Stock Analysis Report Snowflake Inc. (SNOW) : Free Stock Analysis Report Carvana Co. (CVNA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Share offerings of this nature are often a short-term negative for a stock because they add more supply to the market. Image Source: Zacks Investment Research Carvana (CVNA): Reversion to the Mean Carvana is an online automotive retail platform that simplifies the process of buying and selling used cars. Image Source: Zacks Investment Research As the year closes, institutions will look to position themselves in stocks with strong growth and reasonable valuations.
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712803.0
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2023-12-12 00:00:00 UTC
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AstraZeneca (AZN) to Acquire Vaccine Maker Icosavax for $1.1B
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DCOMP
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https://www.nasdaq.com/articles/astrazeneca-azn-to-acquire-vaccine-maker-icosavax-for-%241.1b
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AstraZeneca AZN announced that it has entered into a definitive agreement to acquire Icosavax, Inc. ICVX for a total deal value of up to $1.1 billion.
Icosavax is currently developing differentiated, high-potential vaccines using its proprietary and innovative protein virus-like particle (VLP) platform.
The impending acquisition deal between the two companies will add Icosavax’s phase III ready investigational vaccine candidate, IVX-A12, to AstraZeneca’s Vaccines & Immune Therapies pipeline.
IVX-A12 is a potential first-in-class, combination protein VLP vaccine that targets both respiratory syncytial virus (RSV) and human metapneumovirus (hMPV). IVX-A12 currently enjoys the FDA’s Fast Track designation in the United States.
RSV and hMPV are the two leading causes of severe respiratory infection and hospitalization in adults aged 60 years and older and those with chronic conditions, such as cardiovascular, renal and respiratory disease.
At present, there are no treatments or preventative therapies for hMPV and no combination vaccines for RSV.
AstraZeneca claims that IVX-A12, which targets both RSV and hMPV diseases, has a differentiated profile versus currently approved monotherapy RSV vaccines. Per the data readout from the phase II study of IVX-A12, it was observed that the candidate demonstrated robust immune responses against both RSV and hMPV, after one month of vaccination.
VLP vaccines work by mimicking how naturally occurring viruses appear to the body’s immune system. The company believes that this novel mechanism of action could offer potential benefits over non-VLP vaccines.
Year to date, shares of AstraZeneca have lost 6.3% against the industry’s 4.3% growth.
Image Source: Zacks Investment Research
Upon the closing of the deal, AZN will acquire Icosavax for a price of $15 per share in cash, representing a 43% premium over the latter’s closing market price on Dec 11, 2023. This upfront cash portion of the transaction amounts to approximately $0.8 billion.
The acquisition agreement also includes a non-tradable contingent value right for up to $5 per share in cash contingent upon the achievement of certain regulatory and sales-based milestones. Combining the upfront payment amount and the maximum potential contingent value payments, if achieved, will bring the total transaction value up to $1.1 billion. This represents a 91% premium over Icosavax’s closing market price on Dec 11, 2023.
Additionally, AstraZeneca is also entitled to acquire the cash and marketable securities on ICVX’s balance sheet, which totaled $229 million as of Sep 30, 2023, per the terms of the agreement.
Subject to the fulfillment of certain customary and regulatory conditions, the acquisition agreement is expected to close in the first quarter of 2024.
Through this acquisition, AZN plans to leverage Icosavax’s expertise and capabilities in protein VLP science to support the development process of IVX-A12 and other differentiated VLP vaccines for high-burden respiratory infections.
It is important to note that in July 2023, AstraZeneca and Sanofi SNY announced the FDA approval of their long-acting single-dose antibody, Beyfortus (nirsevimab), for the prevention of lower respiratory tract disease caused by RSV in newborns and infants.
Following the FDA’s approval, Beyfortus became the first monoclonal antibody approved to protect all infants through their first RSV season. The RSV antibody is also approved for use in children aged up to 24 months who are vulnerable to severe RSV disease through their second RSV season.
AstraZeneca and Sanofi launched Beyfortus in the United States ahead of the 2023-24 RSV season.
AZN and SNY entered into an agreement in 2017 to develop and commercialize Beyfortus. Per the terms, AstraZeneca is responsible for development and manufacturing activities, while Sanofi is responsible for commercialization activities and record revenues.
AstraZeneca PLC Price and Consensus
AstraZeneca PLC price-consensus-chart | AstraZeneca PLC Quote
Zacks Rank and Stock to Consider
AstraZeneca currently carries a Zacks Rank #3 (Hold).
A better-ranked stock worth mentioning is Puma Biotechnology, Inc. (PBYI), sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
In the past 30 days, the Zacks Consensus Estimate for Puma Biotechnology’s 2023 earnings per share has remained unchanged at 72 cents. During the same time frame, the consensus estimate for Puma Biotechnology’s 2024 earnings per share has increased from 62 cents to 64 cents. Year to date, shares of PBYI have lost 10.2%.
PBYI’s earnings beat estimates in three of the last four quarters while missing on one occasion, delivering a four-quarter average earnings surprise of 76.55%.
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
Sanofi (SNY) : Free Stock Analysis Report
AstraZeneca PLC (AZN) : Free Stock Analysis Report
Icosavax, Inc. (ICVX) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Per the data readout from the phase II study of IVX-A12, it was observed that the candidate demonstrated robust immune responses against both RSV and hMPV, after one month of vaccination. Additionally, AstraZeneca is also entitled to acquire the cash and marketable securities on ICVX’s balance sheet, which totaled $229 million as of Sep 30, 2023, per the terms of the agreement. It is important to note that in July 2023, AstraZeneca and Sanofi SNY announced the FDA approval of their long-acting single-dose antibody, Beyfortus (nirsevimab), for the prevention of lower respiratory tract disease caused by RSV in newborns and infants.
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Image Source: Zacks Investment Research Upon the closing of the deal, AZN will acquire Icosavax for a price of $15 per share in cash, representing a 43% premium over the latter’s closing market price on Dec 11, 2023. AstraZeneca PLC Price and Consensus AstraZeneca PLC price-consensus-chart | AstraZeneca PLC Quote Zacks Rank and Stock to Consider AstraZeneca currently carries a Zacks Rank #3 (Hold). Click to get this free report Sanofi (SNY) : Free Stock Analysis Report AstraZeneca PLC (AZN) : Free Stock Analysis Report Icosavax, Inc. (ICVX) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Image Source: Zacks Investment Research Upon the closing of the deal, AZN will acquire Icosavax for a price of $15 per share in cash, representing a 43% premium over the latter’s closing market price on Dec 11, 2023. AstraZeneca PLC Price and Consensus AstraZeneca PLC price-consensus-chart | AstraZeneca PLC Quote Zacks Rank and Stock to Consider AstraZeneca currently carries a Zacks Rank #3 (Hold). Click to get this free report Sanofi (SNY) : Free Stock Analysis Report AstraZeneca PLC (AZN) : Free Stock Analysis Report Icosavax, Inc. (ICVX) : Free Stock Analysis Report To read this article on Zacks.com click here.
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IVX-A12 is a potential first-in-class, combination protein VLP vaccine that targets both respiratory syncytial virus (RSV) and human metapneumovirus (hMPV). Image Source: Zacks Investment Research Upon the closing of the deal, AZN will acquire Icosavax for a price of $15 per share in cash, representing a 43% premium over the latter’s closing market price on Dec 11, 2023. A better-ranked stock worth mentioning is Puma Biotechnology, Inc. (PBYI), sporting a Zacks Rank #1 (Strong Buy) at present.
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712804.0
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2023-12-12 00:00:00 UTC
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JOBY Stock: Why Joby Aviation Could Dominate the Skies in 2024 and Beyond
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https://www.nasdaq.com/articles/joby-stock%3A-why-joby-aviation-could-dominate-the-skies-in-2024-and-beyond
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Joby Aviation’s (NYSE:JOBY) flying taxis have achieved FAA certification for testing, and the company is now targeting commercial flights by 2025. As a top electric vertical takeoff and landing (eVTOL) aircraft maker, JOBY stock has seen its share of volatility this year. However, most of the stock’s momentum has been up and to the right, which is great news for growth investors betting on a stock that’s still relatively cheap compared to its potential.
Joby’s potential stems from several recent developments worth diving into. The company successfully flew in New York and received grants from California and Dayton, Ohio. This indicates growing interest from both the private and public sectors. Governments foresee economic benefits, competing for Joby’s production sites, reminiscent of Tesla’s (NASDAQ:TSLA) gigafactories race. Indeed, if this is the next big thing, investors will want to get in early, as they did with Tesla. That’s at least a good chunk of the thesis about why this stock has recently surged.
That said, the question is whether the momentum can continue into 2024. Let’s dive into why this stock could be a big winner next year and potentially in the years to come.
Progressive Financial Standing
At the time of writing, Joby Aviation held $4.5 billion in market capitalization, ranking in the 80th percentile in the aerospace and defense industry. With negative earnings over the last 12 months, it lacks meaningful valuation ratios to base an investment decision. Accordingly, this is a stock that investors aren’t buying for its cash flow, dividend, or earnings right now. Rather, investors look further to the company’s longer-term growth prospects and those future fundamentals.
The company’s success will likely be driven by continued execution of its ongoing growth strategies. In this regard, I think Joby is a stock worth considering.
Such a view is furthered by the American Association of Individual Investors’ outlook for the Aerospace and defense industry over the next 12 months. Expected growth in U.S. defense spending may boost earnings for defense businesses, but ongoing challenges in commercial aerospace could offset gains. Thus, it’s a question of which segments Joby targets and how the company positions itself for growth over time.
President Biden proposed a 2% defense budget increase in April 2021; in July, the Senate Armed Services Committee voted for a 5% increase in the FY 22 defense budget. Approximately 35% of A&D revenues come from commercial aerospace, which faces challenges due to lingering low demand post-pandemic.
Joby and ANA Holdings and Nomura Real Estate Partnership
Joby Aviation, ANA Holdings, and Nomura Real Estate (NRE) recently announced a collaboration to develop urban air taxi services in Japan, starting with metropolitan areas like Tokyo. Joby will be a technical advisor for the Tokyo Bay eSG Project, showcasing multi-modal mobility solutions, including a floating landing port. The partnership expands gradually to include various urban areas across greater Japan.
Joby and ANA HD initially joined forces in 2022, and NRE, a prominent real estate developer, joined to support the development of air taxi services. The partners work with local stakeholders to promote technology benefits and community acceptance. Joby and ANA HD are members of Japan’s Public-Private Conference for the Future Air Mobility Revolution, contributing to accelerating the adoption of aerial ridesharing.
In 2022, Joby sought FAA-type certification, subsequently applying for validation from the Japan Civil Aviation Bureau. Collaborating with JCAB officials, Joby aimed to pave the way for its air taxi’s commercial launch in Japan. The electric air taxi accommodates a pilot and four passengers, achieving speeds of 200 mph while minimizing noise and emissions.
Buy JOBY Stock Now
Joby Aviation posted strong quarterly results, propelling its stock 24% higher, along with gains for other companies in the flying car sector. Joby achieved breakthroughs in certification and delivered the first electric air taxi to the U.S. Air Force, indicating industry progress.
While investing in JOBY is speculative, it’s worth considering a small position. I believe this company could certainly provide big gains alongside some significant volatility. Of course, any financial crisis or economic calamity would not bode well for its stock, so I’d tread carefully for now. But for those with a higher-risk portion of the portfolio one is looking to dollar cost average into, this is a stock I’d put on that list right now.
On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Chris MacDonald’s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective.
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The post JOBY Stock: Why Joby Aviation Could Dominate the Skies in 2024 and Beyond appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Progressive Financial Standing At the time of writing, Joby Aviation held $4.5 billion in market capitalization, ranking in the 80th percentile in the aerospace and defense industry. Joby will be a technical advisor for the Tokyo Bay eSG Project, showcasing multi-modal mobility solutions, including a floating landing port. Joby and ANA HD are members of Japan’s Public-Private Conference for the Future Air Mobility Revolution, contributing to accelerating the adoption of aerial ridesharing.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Joby Aviation’s (NYSE:JOBY) flying taxis have achieved FAA certification for testing, and the company is now targeting commercial flights by 2025. Joby and ANA Holdings and Nomura Real Estate Partnership Joby Aviation, ANA Holdings, and Nomura Real Estate (NRE) recently announced a collaboration to develop urban air taxi services in Japan, starting with metropolitan areas like Tokyo. Joby and ANA HD initially joined forces in 2022, and NRE, a prominent real estate developer, joined to support the development of air taxi services.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Joby Aviation’s (NYSE:JOBY) flying taxis have achieved FAA certification for testing, and the company is now targeting commercial flights by 2025. Joby and ANA Holdings and Nomura Real Estate Partnership Joby Aviation, ANA Holdings, and Nomura Real Estate (NRE) recently announced a collaboration to develop urban air taxi services in Japan, starting with metropolitan areas like Tokyo. Buy JOBY Stock Now Joby Aviation posted strong quarterly results, propelling its stock 24% higher, along with gains for other companies in the flying car sector.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Joby Aviation’s (NYSE:JOBY) flying taxis have achieved FAA certification for testing, and the company is now targeting commercial flights by 2025. Joby’s potential stems from several recent developments worth diving into. Expected growth in U.S. defense spending may boost earnings for defense businesses, but ongoing challenges in commercial aerospace could offset gains.
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675893df-8c14-4963-84b3-6aa653abef2f
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712805.0
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2023-12-12 00:00:00 UTC
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Wall Street Bulls Look Optimistic About Li Auto Inc. Sponsored ADR (LI): Should You Buy?
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DCOMP
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https://www.nasdaq.com/articles/wall-street-bulls-look-optimistic-about-li-auto-inc.-sponsored-adr-li%3A-should-you-buy
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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 Li Auto Inc. Sponsored ADR (LI).
Li Auto Inc. Sponsored ADR currently has an average brokerage recommendation (ABR) of 1.10, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by five brokerage firms. An ABR of 1.10 approximates between Strong Buy and Buy.
Of the five recommendations that derive the current ABR, four are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 80% and 20% of all recommendations.
Brokerage Recommendation Trends for LI
Check price target & stock forecast for Li Auto Inc. Sponsored ADR here>>>
While the ABR calls for buying Li Auto Inc. Sponsored ADR, 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 LI Worth Investing In?
In terms of earnings estimate revisions for Li Auto Inc. Sponsored ADR, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $0.91.
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 Li Auto Inc. Sponsored ADR. 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 Li Auto Inc. Sponsored ADR.
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
Li Auto Inc. Sponsored ADR (LI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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But, 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. 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 Li Auto Inc.
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Sponsored ADR currently has an average brokerage recommendation (ABR) of 1.10, 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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Sponsored ADR currently has an average brokerage recommendation (ABR) of 1.10, 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 Li Auto Inc.
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Brokerage Recommendation Trends for LI 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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ba71c858-ceed-439c-8a42-c3cf61e2feb3
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712806.0
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2023-12-12 00:00:00 UTC
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Is PepsiCo (PEP) a Buy as Wall Street Analysts Look Optimistic?
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DCOMP
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https://www.nasdaq.com/articles/is-pepsico-pep-a-buy-as-wall-street-analysts-look-optimistic-1
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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 PepsiCo (PEP).
PepsiCo currently has an average brokerage recommendation (ABR) of 2.00, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 16 brokerage firms. An ABR of 2.00 indicates Buy.
Of the 16 recommendations that derive the current ABR, eight are Strong Buy, representing 50% of all recommendations.
Brokerage Recommendation Trends for PEP
Check price target & stock forecast for PepsiCo here>>>
While the ABR calls for buying PepsiCo, 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 PEP Worth Investing In?
In terms of earnings estimate revisions for PepsiCo, the Zacks Consensus Estimate for the current year has increased 0% over the past month to $7.55.
Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #2 (Buy) for PepsiCo. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, the Buy-equivalent ABR for PepsiCo may serve as a useful guide for investors.
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
PepsiCo, Inc. (PEP) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements. Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, the Buy-equivalent ABR for PepsiCo may serve as a useful guide for investors.
|
PepsiCo currently has an average brokerage recommendation (ABR) of 2.00, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation. Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future.
|
PepsiCo currently has an average brokerage recommendation (ABR) of 2.00, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, the Buy-equivalent ABR for PepsiCo may serve as a useful guide for investors.
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Brokerage Recommendation Trends for PEP According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, the Buy-equivalent ABR for PepsiCo may serve as a useful guide for investors.
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2c31b065-a5b1-4bbb-9e6d-01f4b326a810
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712807.0
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2023-12-12 00:00:00 UTC
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Is Oracle (ORCL) a Buy as Wall Street Analysts Look Optimistic?
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DCOMP
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https://www.nasdaq.com/articles/is-oracle-orcl-a-buy-as-wall-street-analysts-look-optimistic
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nan
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nan
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When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
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 Oracle (ORCL).
Oracle currently has an average brokerage recommendation (ABR) of 1.96, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 25 brokerage firms. An ABR of 1.96 approximates between Strong Buy and Buy.
Of the 25 recommendations that derive the current ABR, 13 are Strong Buy, representing 52% of all recommendations.
Brokerage Recommendation Trends for ORCL
Check price target & stock forecast for Oracle here>>>
While the ABR calls for buying Oracle, 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.
With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near -term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision.
ABR Should Not Be Confused With Zacks Rank
In spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.
The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.
On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.
There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices.
Is ORCL a Good Investment?
In terms of earnings estimate revisions for Oracle, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $5.52.
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 Oracle. 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 Oracle.
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
Oracle Corporation (ORCL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential. In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term.
|
Oracle currently has an average brokerage recommendation (ABR) of 1.96, 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. With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near -term price performance.
|
Oracle currently has an average brokerage recommendation (ABR) of 1.96, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near -term price performance. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices.
|
Brokerage Recommendation Trends for ORCL According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation. With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near -term price performance.
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148c7e37-e3b2-4523-acf3-9643f34cbf49
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712808.0
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2023-12-12 00:00:00 UTC
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Why Kroger (KR) is a Top Value Stock for the Long-Term
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DCOMP
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https://www.nasdaq.com/articles/why-kroger-kr-is-a-top-value-stock-for-the-long-term-1
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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 is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value Score
For value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth Score
Growth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum Score
Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM Score
If you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank
A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
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.
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: Kroger (KR)
The Kroger Co., which operates in the thin-margin grocery industry, has been undergoing a complete makeover, not only with respect to products but also in terms of the way consumers prefer shopping grocery. The company is focusing on plant-based products as well as eyeing technological expansion. It acquired meal kit company Home Chef and partnered with British online grocery delivery firm Ocado that reinforces its position in the online ordering, automated fulfillment and home delivery space. It has also introduced grocery delivery service Kroger Ship and inked a deal with driverless car company Nuro.
KR is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
It also boasts a Value Style Score of A thanks to attractive valuation metrics like a forward P/E ratio of 9.87; value investors should take notice.
Seven analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.05 to $4.57 per share. KR also boasts an average earnings surprise of 6.4%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, KR 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 Kroger Co. (KR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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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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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. 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. How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
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The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. 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. 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.
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What are the Zacks Style Scores? How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio. That's where the Style Scores come in.
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712809.0
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2023-12-12 00:00:00 UTC
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Why This 1 Value Stock Could Be a Great Addition to Your Portfolio
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https://www.nasdaq.com/articles/why-this-1-value-stock-could-be-a-great-addition-to-your-portfolio-301
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores?
The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
For value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth Score
Growth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
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.
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: Comcast (CMCSA)
Comcast Corporation is a global media and technology company with three primary businesses: Comcast Cable, NBCUniversal and Sky.
CMCSA is a #2 (Buy) on the Zacks Rank, with a VGM Score of A.
It also boasts a Value Style Score of A thanks to attractive valuation metrics like a forward P/E ratio of 10.85; value investors should take notice.
Nine analysts revised their earnings estimate higher in the last 60 days for fiscal 2023, while the Zacks Consensus Estimate has increased $0.12 to $3.93 per share. CMCSA also boasts an average earnings surprise of 12.6%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, CMCSA 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
Comcast Corporation (CMCSA) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum. 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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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 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.
|
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. 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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What are the Zacks Style Scores? That's where the Style Scores come in. CMCSA is a #2 (Buy) on the Zacks Rank, with a VGM Score of A.
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bcd59360-121b-4c88-ab12-5e070143ddb6
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712810.0
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2023-12-12 00:00:00 UTC
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10 of the Best REITs for 2024
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https://www.nasdaq.com/articles/10-of-the-best-reits-for-2024
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The real estate sector has been one of the worst-performing sectors in the S&P 500 as interest rates have weighed on REITs. However, with the hiking cycle nearing the end and rate cuts on the horizon, this could be a great time to look at some high-quality REITs.
In today's video I will discuss 10 of the best REITs in my opinion for 2024, one being Realty Income (NYSE: O).
Check out this video to learn more, subscribe to the channel, and check out the special offer in the link below.
*Stock prices used were end-of-day prices of Dec. 8, 2023. The video was published on Dec. 11, 2023.
Should you invest $1,000 in Realty Income right now?
Before you buy stock in Realty Income, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Realty Income wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 11, 2023
Mark Roussin, CPA has positions in Alexandria Real Estate Equities, Nnn REIT, Prologis, Realty Income, and Vici Properties. The Motley Fool has positions in and recommends Alexandria Real Estate Equities, Crown Castle, Mid-America Apartment Communities, Prologis, and Realty Income. The Motley Fool recommends Extra Space Storage and Vici Properties. The Motley Fool has a disclosure policy.
Mark Roussin is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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However, with the hiking cycle nearing the end and rate cuts on the horizon, this could be a great time to look at some high-quality REITs. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Mark Roussin, CPA has positions in Alexandria Real Estate Equities, Nnn REIT, Prologis, Realty Income, and Vici Properties. The Motley Fool has positions in and recommends Alexandria Real Estate Equities, Crown Castle, Mid-America Apartment Communities, Prologis, and Realty Income.
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Before you buy stock in Realty Income, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Realty Income wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Mark Roussin, CPA has positions in Alexandria Real Estate Equities, Nnn REIT, Prologis, Realty Income, and Vici Properties. The Motley Fool has positions in and recommends Alexandria Real Estate Equities, Crown Castle, Mid-America Apartment Communities, Prologis, and Realty Income.
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Before you buy stock in Realty Income, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Realty Income wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Mark Roussin, CPA has positions in Alexandria Real Estate Equities, Nnn REIT, Prologis, Realty Income, and Vici Properties. The Motley Fool has positions in and recommends Alexandria Real Estate Equities, Crown Castle, Mid-America Apartment Communities, Prologis, and Realty Income.
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In today's video I will discuss 10 of the best REITs in my opinion for 2024, one being Realty Income (NYSE: O). The Stock Advisor service has more than tripled the return of S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Mark Roussin, CPA has positions in Alexandria Real Estate Equities, Nnn REIT, Prologis, Realty Income, and Vici Properties.
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c7043328-9cfe-41d4-907f-7b3b2eea19b4
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712811.0
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2023-12-12 00:00:00 UTC
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Is Flight Centre (FGETF) Outperforming Other Consumer Discretionary Stocks This Year?
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DCOMP
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https://www.nasdaq.com/articles/is-flight-centre-fgetf-outperforming-other-consumer-discretionary-stocks-this-year
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For those looking to find strong Consumer Discretionary stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Flight Centre Ltd. (FGETF) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Flight Centre Ltd. is one of 281 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #12 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven 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. Flight Centre Ltd. is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for FGETF's full-year earnings has moved 8.9% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, FGETF has gained about 41.7% so far this year. In comparison, Consumer Discretionary companies have returned an average of 14.5%. This means that Flight Centre Ltd. is performing better than its sector in terms of year-to-date returns.
One other Consumer Discretionary stock that has outperformed the sector so far this year is Acushnet (GOLF). The stock is up 36.8% year-to-date.
The consensus estimate for Acushnet's current year EPS has increased 2.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Flight Centre Ltd. is a member of the Leisure and Recreation Services industry, which includes 35 individual companies and currently sits at #78 in the Zacks Industry Rank. On average, stocks in this group have gained 19.7% this year, meaning that FGETF is performing better in terms of year-to-date returns.
In contrast, Acushnet falls under the Leisure and Recreation Products industry. Currently, this industry has 26 stocks and is ranked #216. Since the beginning of the year, the industry has moved +10.5%.
Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to Flight Centre Ltd. and Acushnet 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
Flight Centre Ltd. (FGETF) : Free Stock Analysis Report
Acushnet (GOLF) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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 Consumer Discretionary stocks, it is prudent to search for companies in the group that are outperforming their peers. Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to Flight Centre Ltd. and Acushnet 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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Over the past 90 days, the Zacks Consensus Estimate for FGETF's full-year earnings has moved 8.9% higher. On average, stocks in this group have gained 19.7% this year, meaning that FGETF is performing better in terms of year-to-date returns. Click to get this free report Flight Centre Ltd. (FGETF) : Free Stock Analysis Report Acushnet (GOLF) : 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. Breaking things down more, Flight Centre Ltd. is a member of the Leisure and Recreation Services industry, which includes 35 individual companies and currently sits at #78 in the Zacks Industry Rank. Click to get this free report Flight Centre Ltd. (FGETF) : Free Stock Analysis Report Acushnet (GOLF) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Consumer Discretionary group currently sits at #12 within the Zacks Sector Rank. One other Consumer Discretionary stock that has outperformed the sector so far this year is Acushnet (GOLF). On average, stocks in this group have gained 19.7% this year, meaning that FGETF is performing better in terms of year-to-date returns.
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39f0b739-7b90-4fdd-87dc-4237bb0d982e
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712812.0
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2023-12-12 00:00:00 UTC
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Aditxt To Acquire Evofem For $100 Mln; ADTX Stock Soar
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https://www.nasdaq.com/articles/aditxt-to-acquire-evofem-for-%24100-mln-adtx-stock-soar
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(RTTNews) - Aditxt, Inc. (ADTX) and Evofem Biosciences, Inc. (EVFM), on Tuesday announced a deal allowing Aditxt to buy Evofem for around $100 million, by issuing a combination of common and preferred stock, and the assumption of certain senior indebtedness.
ADTX was trading up by 83.95 percent at $6.99 per share on the Nasdaq.
The companies noted: "The Transaction is intended to create significant strategic advantages for both companies. Evofem's growing revenue base may allow Aditxt to catalyze future growth by leveraging synergies by and amongst Evofem, Aditxt, and Aditxt's other subsidiaries. The boards of directors of both companies have unanimously approved the Transaction."
Under the terms, Aditxt has assumed Evofem's senior secured debt and shall pay $5 million to Evofem's senior secured debt holder by year-end 2023, $8 million by September 2024, and up to an additional $5 million thereafter.
Aditxt has also agreed to provide a $3 million loan to Evofem between the date of signing of the deal and closing and to cover Evofem's legal costs related to the transaction.
At closing, the holders of Evofem's shareholders will exchange their shares for an aggregate of 610,000 shares of Aditxt.
In addition, Aditxt has agreed to issue up to an aggregate of 89,126 shares of preferred stock to the holders of Evofem's currently outstanding unsecured notes, purchase rights, certain warrants, and preferred stock.
Aditxt aims to boost Evofem into the global non-hormonal birth control market valued at $27.7 billion in 2022, and is projected to grow to $52.2 billion by 2031.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Aditxt, Inc. (ADTX) and Evofem Biosciences, Inc. (EVFM), on Tuesday announced a deal allowing Aditxt to buy Evofem for around $100 million, by issuing a combination of common and preferred stock, and the assumption of certain senior indebtedness. Aditxt has also agreed to provide a $3 million loan to Evofem between the date of signing of the deal and closing and to cover Evofem's legal costs related to the transaction. In addition, Aditxt has agreed to issue up to an aggregate of 89,126 shares of preferred stock to the holders of Evofem's currently outstanding unsecured notes, purchase rights, certain warrants, and preferred stock.
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(RTTNews) - Aditxt, Inc. (ADTX) and Evofem Biosciences, Inc. (EVFM), on Tuesday announced a deal allowing Aditxt to buy Evofem for around $100 million, by issuing a combination of common and preferred stock, and the assumption of certain senior indebtedness. Under the terms, Aditxt has assumed Evofem's senior secured debt and shall pay $5 million to Evofem's senior secured debt holder by year-end 2023, $8 million by September 2024, and up to an additional $5 million thereafter. In addition, Aditxt has agreed to issue up to an aggregate of 89,126 shares of preferred stock to the holders of Evofem's currently outstanding unsecured notes, purchase rights, certain warrants, and preferred stock.
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(RTTNews) - Aditxt, Inc. (ADTX) and Evofem Biosciences, Inc. (EVFM), on Tuesday announced a deal allowing Aditxt to buy Evofem for around $100 million, by issuing a combination of common and preferred stock, and the assumption of certain senior indebtedness. Evofem's growing revenue base may allow Aditxt to catalyze future growth by leveraging synergies by and amongst Evofem, Aditxt, and Aditxt's other subsidiaries. Under the terms, Aditxt has assumed Evofem's senior secured debt and shall pay $5 million to Evofem's senior secured debt holder by year-end 2023, $8 million by September 2024, and up to an additional $5 million thereafter.
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(RTTNews) - Aditxt, Inc. (ADTX) and Evofem Biosciences, Inc. (EVFM), on Tuesday announced a deal allowing Aditxt to buy Evofem for around $100 million, by issuing a combination of common and preferred stock, and the assumption of certain senior indebtedness. The companies noted: "The Transaction is intended to create significant strategic advantages for both companies. At closing, the holders of Evofem's shareholders will exchange their shares for an aggregate of 610,000 shares of Aditxt.
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9b125bc9-83d6-4527-a9c6-8c9d7167dbab
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712813.0
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2023-12-12 00:00:00 UTC
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Is Cardinal Health (CAH) Stock Undervalued Right Now?
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DCOMP
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https://www.nasdaq.com/articles/is-cardinal-health-cah-stock-undervalued-right-now-2
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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, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
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 stock to keep an eye on is Cardinal Health (CAH). CAH is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock has a Forward P/E ratio of 14.76. This compares to its industry's average Forward P/E of 17.84. CAH's Forward P/E has been as high as 16.50 and as low as 11.49, with a median of 13.36, all within the past year.
We also note that CAH holds a PEG ratio of 0.97. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. CAH's PEG compares to its industry's average PEG of 1.67. Over the past 52 weeks, CAH's PEG has been as high as 1.29 and as low as 0.88, with a median of 1.06.
These are just a handful of the figures considered in Cardinal Health'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 CAH 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
Cardinal Health, Inc. (CAH) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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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The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. CAH's PEG compares to its industry's average PEG of 1.67. Click to get this free report Cardinal Health, Inc. (CAH) : 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. 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 Cardinal Health, Inc. (CAH) : 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. Zacks Investment Research has just released an urgent special report to help you bank on this trend. Want the latest recommendations from Zacks Investment Research?
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a46a4b07-7894-42be-93e1-81bf217c2028
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712814.0
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2023-12-12 00:00:00 UTC
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Donaldson Co. Inc. Shares Close in on 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/donaldson-co.-inc.-shares-close-in-on-52-week-high-market-mover-1
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Donaldson Co. Inc. (DCI) shares closed today at 0.9% below its 52 week high of $66.14, giving the company a market cap of $7B. The stock is currently up 13.0% year-to-date, up 11.1% over the past 12 months, and up 50.8% over the past five years. This week, the Dow Jones Industrial Average rose 3.2%, and the S&P 500 rose 3.0%.
Trading Activity
Trading volume this week was 23.6% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.9.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis
The company share price is the same as the performance of its peers in the Materials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date lags the peer average by -43.5%
The company's stock price performance over the past 12 months lags the peer average by -19.9%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 0.9% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Donaldson Co. Inc. (DCI) shares closed today at 0.9% below its 52 week high of $66.14, giving the company a market cap of $7B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.9. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Materials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -43.5% The company's stock price performance over the past 12 months lags the peer average by -19.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 0.9% higher than the average peer.
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This week, the Dow Jones Industrial Average rose 3.2%, and the S&P 500 rose 3.0%. Trading Activity Trading volume this week was 23.6% higher than the 20-day average. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Materials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -43.5% The company's stock price performance over the past 12 months lags the peer average by -19.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 0.9% higher than the average peer.
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Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Materials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -43.5% The company's stock price performance over the past 12 months lags the peer average by -19.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 0.9% higher than the average peer. This story was produced by the Kwhen Automated News Generator. The views and 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 week, the Dow Jones Industrial Average rose 3.2%, and the S&P 500 rose 3.0%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Materials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -43.5% The company's stock price performance over the past 12 months lags the peer average by -19.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 0.9% higher than the average peer.
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3af9fd5d-f46f-47cd-8a98-41085468dcc6
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712815.0
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2023-12-12 00:00:00 UTC
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Universal Corp. Shares Approach 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/universal-corp.-shares-approach-52-week-high-market-mover-2
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nan
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nan
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Universal Corp. (UVV) shares closed today at 1.7% below its 52 week high of $64.44, giving the company a market cap of $1B. The stock is currently up 27.9% year-to-date, up 26.6% over the past 12 months, and up 38.8% over the past five years. This week, the Dow Jones Industrial Average rose 3.2%, and the S&P 500 rose 3.0%.
Trading Activity
Trading volume this week was 151.9% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.5.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis
The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and lags it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by -686.9%
The company's stock price performance over the past 12 months beats the peer average by -737.7%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 11.9% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Universal Corp. (UVV) shares closed today at 1.7% below its 52 week high of $64.44, giving the company a market cap of $1B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.5. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -686.9% The company's stock price performance over the past 12 months beats the peer average by -737.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 11.9% higher than the average peer.
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This week, the Dow Jones Industrial Average rose 3.2%, and the S&P 500 rose 3.0%. Trading Activity Trading volume this week was 151.9% higher than the 20-day average. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -686.9% The company's stock price performance over the past 12 months beats the peer average by -737.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 11.9% higher than the average peer.
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Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -686.9% The company's stock price performance over the past 12 months beats the peer average by -737.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 11.9% higher than the average peer. This story was produced by the Kwhen Automated News Generator. The views and 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 week, the Dow Jones Industrial Average rose 3.2%, and the S&P 500 rose 3.0%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -686.9% The company's stock price performance over the past 12 months beats the peer average by -737.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 11.9% higher than the average peer.
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81d9e5c1-d2e9-4f3f-b742-79ceeff372bc
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712816.0
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2023-12-12 00:00:00 UTC
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Hershey (HSY) Stock Sinks As Market Gains: What You Should Know
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DCOMP
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https://www.nasdaq.com/articles/hershey-hsy-stock-sinks-as-market-gains%3A-what-you-should-know-6
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nan
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In the latest market close, Hershey (HSY) reached $186.21, with a -1.37% movement compared to the previous day. The stock fell short of the S&P 500, which registered a gain of 0.27% for the day. Elsewhere, the Dow saw an upswing of 0.43%, while the tech-heavy Nasdaq appreciated by 0.19%.
Shares of the chocolate bar and candy maker witnessed a loss of 3.54% over the previous month, trailing the performance of the Consumer Staples sector with its gain of 4.85% and the S&P 500's gain of 6.94%.
Market participants will be closely following the financial results of Hershey in its upcoming release. In that report, analysts expect Hershey to post earnings of $1.97 per share. This would mark a year-over-year decline of 2.48%. Meanwhile, our latest consensus estimate is calling for revenue of $2.74 billion, up 3.43% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $9.53 per share and a revenue of $11.25 billion, representing changes of +11.85% and +8%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Hershey. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.03% decrease. Hershey is holding a Zacks Rank of #3 (Hold) right now.
In the context of valuation, Hershey is at present trading with a Forward P/E ratio of 19.8. This represents a discount compared to its industry's average Forward P/E of 21.36.
It is also worth noting that HSY currently has a PEG ratio of 2.34. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As the market closed yesterday, the Food - Confectionery industry was having an average PEG ratio of 2.52.
The Food - Confectionery industry is part of the Consumer Staples sector. This industry, currently bearing a Zacks Industry Rank of 92, finds itself in the top 37% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
The New Gold Rush: How Lithium Batteries Will Make Millionaires
As the electric vehicle revolution expands, investors have a chance to target huge gains. Millions of lithium batteries are being made & demand is expected to increase 889%.
Download the brand-new FREE report revealing 5 EV battery stocks set to soar.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
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.
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In the latest market close, Hershey (HSY) reached $186.21, with a -1.37% movement compared to the previous day. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system. The New Gold Rush: How Lithium Batteries Will Make Millionaires As the electric vehicle revolution expands, investors have a chance to target huge gains.
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In the latest market close, Hershey (HSY) reached $186.21, with a -1.37% movement compared to the previous day. As the market closed yesterday, the Food - Confectionery industry was having an average PEG ratio of 2.52. 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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This industry, currently bearing a Zacks Industry Rank of 92, finds itself in the top 37% echelons 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. 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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In that report, analysts expect Hershey to post earnings of $1.97 per share. 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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8c3d5936-c19b-41f6-b8a3-07ae2931115c
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712817.0
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2023-12-12 00:00:00 UTC
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Atmos (ATO) is an Incredible Growth Stock: 3 Reasons Why
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DCOMP
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https://www.nasdaq.com/articles/atmos-ato-is-an-incredible-growth-stock%3A-3-reasons-why-2
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Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. However, it isn't easy to find a great growth stock.
That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.
However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects, makes it pretty easy to find cutting-edge growth stocks.
Our proprietary system currently recommends Atmos Energy (ATO) as one such stock. This company not only has a favorable Growth Score, but also carries a top Zacks Rank.
Research shows that stocks carrying the best growth features consistently beat the market. And returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy).
While there are numerous reasons why the stock of this natural gas utility is a great growth pick right now, we have highlighted three of the most important factors below:
Earnings Growth
Arguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. And for growth investors, double-digit earnings growth is definitely preferable, and often an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for Atmos is 8.6%, investors should actually focus on the projected growth. The company's EPS is expected to grow 6.8% this year, crushing the industry average, which calls for EPS growth of 3%.
Cash Flow Growth
Cash is the lifeblood of any business, but higher-than-average cash flow growth is more beneficial and important for growth-oriented companies than for mature companies. That's because, high cash accumulation enables these companies to undertake new projects without raising expensive outside funds.
Right now, year-over-year cash flow growth for Atmos is 13.2%, which is higher than many of its peers. In fact, the rate compares to the industry average of 5.9%.
While investors should actually consider the current cash flow growth, it's worth taking a look at the historical rate too for putting the current reading into proper perspective. The company's annualized cash flow growth rate has been 12.9% over the past 3-5 years versus the industry average of 9.4%.
Promising Earnings Estimate Revisions
Beyond the metrics outlined above, investors should consider the trend in earnings estimate revisions. A positive trend is a plus here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
The current-year earnings estimates for Atmos have been revising upward. The Zacks Consensus Estimate for the current year has surged 0.4% over the past month.
Bottom Line
Atmos has not only earned a Growth Score of B based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #2 because of the positive earnings estimate revisions.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination positions Atmos well for outperformance, so growth investors may want to bet on it.
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
Atmos Energy Corporation (ATO) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company's annualized cash flow growth rate has been 12.9% over the past 3-5 years versus the industry average of 9.4%. Empirical research shows that there is 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."
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However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects, makes it pretty easy to find cutting-edge growth stocks. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Click to get this free report Atmos Energy Corporation (ATO) : Free Stock Analysis Report To read this article on Zacks.com click here.
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However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects, makes it pretty easy to find cutting-edge growth stocks. While there are numerous reasons why the stock of this natural gas utility is a great growth pick right now, we have highlighted three of the most important factors below: Earnings Growth Arguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. And for growth investors, double-digit earnings growth is definitely preferable, and often an indication of strong prospects (and stock price gains) for the company under consideration.
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While the historical EPS growth rate for Atmos is 8.6%, investors should actually focus on the projected growth. The company's annualized cash flow growth rate has been 12.9% over the past 3-5 years versus the industry average of 9.4%. Bottom Line Atmos has not only earned a Growth Score of B based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #2 because of the positive earnings estimate revisions.
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cdc9bfa0-5481-4571-bad8-b3e3a009771a
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712818.0
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2023-12-12 00:00:00 UTC
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3 EV Charging Stocks to Turn $5,000 Into $1 Million: December 2023
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DCOMP
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https://www.nasdaq.com/articles/3-ev-charging-stocks-to-turn-%245000-into-%241-million%3A-december-2023
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Electric vehicle (EV) demand is expected to accelerate, which should fuel further upside for EV charging stocks.
According to the International Energy Agency (IEA), EVs could account for about 35% of new vehicles sold globally by 2030. That’s a sharp improvement from its initial forecast for EVs to make up less than a quarter. While impressive, the lack of charging stations is a major roadblock. In fact, that has been one of many reasons for lower EV adoption.
Right now, we have about 100,000 charging stations in the U.S., according to the Department of Energy. While that may sound impressive, it’s not enough to meet the demand for two million EVs on U.S. roads today. Officials can dream about roads full of EVs all they want. But if we don’t have the EV charging infrastructure, there’s a problem.
That said, investors may want to consider investing in these top EV charging stocks.
EV Charging Stocks: ChargePoint (CHPT)
Source: JL IMAGES / Shutterstock.com
The last time I mentioned ChargePoint (NYSE:CHPT), I said, “While ChargePoint’s chart has been a disaster, don’t write it off. If the U.S. is serious about EV sales, it must build out a massive network of charging stations, including CHPT.”
That was on Dec. 4, as CHPT traded at $2.09. Now up slightly at $2.33, I’d still like to see it refill its bearish gap around $3 a share initially. And, again, I’d just buy it and forget about it for now. While the company did produce another bad quarter, with sales down 12%, there was good news. For one, it just appointed a new CEO, Rick Wilmer.
And two, Wilmer just told investors he believes CHPT can do considerably better in the fourth quarter. As noted in a release, it’s “firmly committed to delivering positive non-GAAP adjusted EBITDA in the fourth quarter of calendar year 2024.”
EVgo (EVGO)
Source: Sundry Photography / Shutterstock.com
I also mentioned EVgo (NASDAQ:EVGO) on Dec. 4, when it traded at $3.34. While it hasn’t moved much since then, it has been consolidating around $3.03. From here, I’d like to see EVGO retest $4 a share in the near term. Helping, the company posted better than expected earnings, with an EBITDA loss of $14.2 million on sales of $35.1 million — better than expected.
The company also raised its fiscal year 2023 revenue guidance to a range of $148 million to $158 million. That’s higher from its initial range of $120 million to $150 million.
Blink Charging (BLNK)
Source: David Tonelson/Shutterstock.com
Blink Charging (NASDAQ:BLNK) recently ran from about $2.50 to a high of $4.50. And while it did pull back to $2.95, it could easily retest that former higher of $4.50 again soon.
That happened after it posted revenue of $43.38 million, as compared to expectations of $30.29 million. It was also up 152% year over year. Plus, BLNK posted an EPS loss of 16 cents, which was also better than expectations. It then raised guidance, targeting EBITDA breakeven in the new year.
The company “raised its 2023 revenue guidance to $128M to $133M vs. a prior outlook for $110M to $120M, and said it targets being on an adjusted EBITDA break-even run rate in December of 2024,” noted Seeking Alpha.
On the date of publication, Ian Cooper did not hold (either directly or indirectly) any positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.
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The post 3 EV Charging Stocks to Turn $5,000 Into $1 Million: December 2023 appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company “raised its 2023 revenue guidance to $128M to $133M vs. a prior outlook for $110M to $120M, and said it targets being on an adjusted EBITDA break-even run rate in December of 2024,” noted Seeking Alpha. More From InvestorPlace The #1 AI Investment Might Be This Company You’ve Never Heard Of Musk’s “Project Omega” May Be Set to Mint New Millionaires. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 EV Charging Stocks to Turn $5,000 Into $1 Million: December 2023 appeared first on InvestorPlace.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Electric vehicle (EV) demand is expected to accelerate, which should fuel further upside for EV charging stocks. EV Charging Stocks: ChargePoint (CHPT) Source: JL IMAGES / Shutterstock.com The last time I mentioned ChargePoint (NYSE:CHPT), I said, “While ChargePoint’s chart has been a disaster, don’t write it off. Blink Charging (BLNK) Source: David Tonelson/Shutterstock.com Blink Charging (NASDAQ:BLNK) recently ran from about $2.50 to a high of $4.50.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Electric vehicle (EV) demand is expected to accelerate, which should fuel further upside for EV charging stocks. As noted in a release, it’s “firmly committed to delivering positive non-GAAP adjusted EBITDA in the fourth quarter of calendar year 2024.” EVgo (EVGO) Source: Sundry Photography / Shutterstock.com I also mentioned EVgo (NASDAQ:EVGO) on Dec. 4, when it traded at $3.34. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 EV Charging Stocks to Turn $5,000 Into $1 Million: December 2023 appeared first on InvestorPlace.
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That said, investors may want to consider investing in these top EV charging stocks. Helping, the company posted better than expected earnings, with an EBITDA loss of $14.2 million on sales of $35.1 million — better than expected. That’s higher from its initial range of $120 million to $150 million.
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dc32bf6c-acf8-4b7d-a7d2-d5375bdf9d76
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712819.0
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2023-12-12 00:00:00 UTC
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US STOCKS-Wall St inches up after November inflation data
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DCOMP
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https://www.nasdaq.com/articles/us-stocks-wall-st-inches-up-after-november-inflation-data
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nan
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nan
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By Shristi Achar A and Johann M Cherian
Dec 12 (Reuters) - Wall Street's main indexes edged higher on Tuesday, following inflation data that kept expectations of a rate cut in May intact, while investors awaited the Federal Reserve's policy decision later in the week.
November 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 such as 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 expecting the U.S. central bank's May meeting as the likeliest start for rate reductions.
Bets of at least a 25-basis point rate cut in March went down to 43.7%, from about 50% before the data, according to the CME Group's FedWatch tool.
"They've (Fed) already taken rates up a lot...they will keep rates up in that range for longer than what the market is currently expecting," said Jason Pride, chief of investment strategy and research at Glenmede, adding that markets do not expect more hikes and are instead focused on rate cuts.
"It sets the equity markets up for a little bit more difficult of a time on a near term horizon."
All eyes are now on the Fed's interest rate verdict at the end of its two-day meeting on Wednesday, as well as the producer price index (PPI) data for November.
The European Central Bank and the Bank of England are also scheduled to deliver their policy verdicts later this week.
OracleORCL.N fell 11.1% as the cloud services provider forecast third-quarter revenue below estimates on slowing demand for its cloud service.
The energy sector .SPNY was a laggard, shedding 1.4% as crude prices slid over 3%. O/R
Google-parent Alphabet GOOGL.O lost 0.8%, after "Fortnite" maker Epic Games prevailed in its high-profile antitrust trial over the company.
Other growth stocks were mixed, with Tesla TSLA.O down 1.8%, while Meta Platforms META.O gained 1.2%.
Chipmaker Broadcom's AVGO.O shares also boosted the benchmark index, adding 3.5% and hitting a fresh record-high level.
At 11:43 a.m. ET, the Dow Jones Industrial Average .DJI was up 116.21 points, or 0.32%, at 36,521.14, the S&P 500 .SPX was up 5.53 points, or 0.12%, at 4,627.97, and the Nasdaq Composite .IXIC was up 30.94 points, or 0.21%, at 14,463.42.
Among other movers, LucidLCID.O was down 9.4% after the electric-vehicle maker's CFO Sherry House stepped down.
Airbnb ABNB.O fell 2.0% as Barclays downgraded the rental firm's shares to "underweight" from "equal weight".
Declining issues outnumbered advancers for a 1.33-to-1 ratio on the NYSE and for a 1.46-to-1 ratio on the Nasdaq.
The S&P index recorded 63 new 52-week highs and one new low, while the Nasdaq recorded 81 new highs and 108 new lows.
(Reporting by Shristi Achar A and Johann M Cherian in Bengaluru; Editing by Arun Koyyur, Shounak Dasgupta and Shinjini Ganguli)
((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 edged higher on Tuesday, following inflation data that kept expectations of a rate cut in May intact, while investors awaited the Federal Reserve's policy decision later in the week. November Consumer Price Index (CPI) rose 3.1% on an annual basis, in line with estimates from economists polled by Reuters. All eyes are now on the Fed's interest rate verdict at the end of its two-day meeting on Wednesday, as well as the producer price index (PPI) data for November.
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November 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. Traders pared earlier bets that the Fed could start interest rate cuts as soon as March and are now expecting the U.S. central bank's May meeting as the likeliest start for rate reductions.
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By Shristi Achar A and Johann M Cherian Dec 12 (Reuters) - Wall Street's main indexes edged higher on Tuesday, following inflation data that kept expectations of a rate cut in May intact, while investors awaited the Federal Reserve's policy decision later in the week. Traders pared earlier bets that the Fed could start interest rate cuts as soon as March and are now expecting the U.S. central bank's May meeting as the likeliest start for rate reductions. "They've (Fed) already taken rates up a lot...they will keep rates up in that range for longer than what the market is currently expecting," said Jason Pride, chief of investment strategy and research at Glenmede, adding that markets do not expect more hikes and are instead focused on rate cuts.
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November 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 expecting the U.S. central bank's May meeting as the likeliest start for rate reductions. Bets of at least a 25-basis point rate cut in March went down to 43.7%, from about 50% before the data, according to the CME Group's FedWatch tool.
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146a395e-29d1-4583-9921-d36c5dfebbc2
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712820.0
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2023-12-12 00:00:00 UTC
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Daily Dividend Report: IRT,CASY,FBIN,PNR,ALX
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DCOMP
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https://www.nasdaq.com/articles/daily-dividend-report%3A-irtcasyfbinpnralx
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nan
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nan
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Independence Realty Trust announced that today IRT's board of directors declared a quarterly dividend of $0.16 per share of IRT common stock, payable on January 19, 2024 to stockholders of record at the close of business on December 29, 2023.
At its December meeting, the Casey's General Stores Board of Directors approved a quarterly dividend of $0.43 per share. The dividend is payable February 15, 2024, to shareholders of record on February 1, 2024.
Fortune Brands Innovations, an industry-leading home, security and commercial building products company, announced that on December 11, 2023, its Board of Directors declared a quarterly cash dividend of $0.24 per common share. The dividend is payable on March 13, 2024, to stockholders of record as of the close of business on February 23, 2024. The increase in the quarterly dividend, from $0.23 to $0.24, represents the Board's continued confidence in the Company's long-term cash flow potential and its support of the Company's broader strategy for utilizing free cash flow to build shareholder value by investing in Fortune Brands' businesses, pursuing accretive acquisitions and returning cash to shareholders.
Pentair announced today that it will pay a regular quarterly cash dividend of $0.23 per share on February 2, 2024, to shareholders of record at the close of business on January 19, 2024. This dividend reflects an approximately 5 percent increase in the company's regular cash dividend ratefrom $0.22 per share. 2024 will mark the 48th consecutive year that Pentair has increased its dividend.
The Board of Directors of Alexander & Baldwin, a Hawai'i-based company focused on owning, operating, and developing high-quality commercial real estate in Hawai'i, approved a fourth quarter 2023 dividend of $0.2225 per share. The dividend is payable on January 8, 2024, to shareholders of record as of the close of business on December 22, 2023.
VIDEO: Daily Dividend Report: IRT,CASY,FBIN,PNR,ALX
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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At its December meeting, the Casey's General Stores Board of Directors approved a quarterly dividend of $0.43 per share. Fortune Brands Innovations, an industry-leading home, security and commercial building products company, announced that on December 11, 2023, its Board of Directors declared a quarterly cash dividend of $0.24 per common share. Pentair announced today that it will pay a regular quarterly cash dividend of $0.23 per share on February 2, 2024, to shareholders of record at the close of business on January 19, 2024.
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Independence Realty Trust announced that today IRT's board of directors declared a quarterly dividend of $0.16 per share of IRT common stock, payable on January 19, 2024 to stockholders of record at the close of business on December 29, 2023. Fortune Brands Innovations, an industry-leading home, security and commercial building products company, announced that on December 11, 2023, its Board of Directors declared a quarterly cash dividend of $0.24 per common share. Pentair announced today that it will pay a regular quarterly cash dividend of $0.23 per share on February 2, 2024, to shareholders of record at the close of business on January 19, 2024.
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Independence Realty Trust announced that today IRT's board of directors declared a quarterly dividend of $0.16 per share of IRT common stock, payable on January 19, 2024 to stockholders of record at the close of business on December 29, 2023. The increase in the quarterly dividend, from $0.23 to $0.24, represents the Board's continued confidence in the Company's long-term cash flow potential and its support of the Company's broader strategy for utilizing free cash flow to build shareholder value by investing in Fortune Brands' businesses, pursuing accretive acquisitions and returning cash to shareholders. Pentair announced today that it will pay a regular quarterly cash dividend of $0.23 per share on February 2, 2024, to shareholders of record at the close of business on January 19, 2024.
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Independence Realty Trust announced that today IRT's board of directors declared a quarterly dividend of $0.16 per share of IRT common stock, payable on January 19, 2024 to stockholders of record at the close of business on December 29, 2023. Fortune Brands Innovations, an industry-leading home, security and commercial building products company, announced that on December 11, 2023, its Board of Directors declared a quarterly cash dividend of $0.24 per common share. Pentair announced today that it will pay a regular quarterly cash dividend of $0.23 per share on February 2, 2024, to shareholders of record at the close of business on January 19, 2024.
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b878b5a0-fcf2-4a8e-92cd-87d33707d890
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712821.0
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2023-12-12 00:00:00 UTC
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Tuesday Sector Laggards: Precious Metals, Oil & Gas Refining & Marketing Stocks
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DCOMP
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https://www.nasdaq.com/articles/tuesday-sector-laggards%3A-precious-metals-oil-gas-refining-marketing-stocks
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nan
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nan
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In trading on Tuesday, precious metals shares were relative laggards, down on the day by about 2.5%. Helping drag down the group were shares of Harmony Gold Mining, off about 9% and shares of NovaGold Resources off about 8.2% on the day.
Also lagging the market Tuesday are oil & gas refining & marketing shares, down on the day by about 2.2% as a group, led down by Clean Energy Fuels, trading lower by about 13.5% and Gevo, trading lower by about 3.6%.
VIDEO: Tuesday Sector Laggards: Precious Metals, Oil & Gas Refining & Marketing Stocks
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Tuesday, precious metals shares were relative laggards, down on the day by about 2.5%. Also lagging the market Tuesday are oil & gas refining & marketing shares, down on the day by about 2.2% as a group, led down by Clean Energy Fuels, trading lower by about 13.5% and Gevo, trading lower by about 3.6%. VIDEO: Tuesday Sector Laggards: Precious Metals, Oil & Gas Refining & Marketing Stocks The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Tuesday, precious metals shares were relative laggards, down on the day by about 2.5%. Also lagging the market Tuesday are oil & gas refining & marketing shares, down on the day by about 2.2% as a group, led down by Clean Energy Fuels, trading lower by about 13.5% and Gevo, trading lower by about 3.6%. VIDEO: Tuesday Sector Laggards: Precious Metals, Oil & Gas Refining & Marketing Stocks The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Tuesday, precious metals shares were relative laggards, down on the day by about 2.5%. Also lagging the market Tuesday are oil & gas refining & marketing shares, down on the day by about 2.2% as a group, led down by Clean Energy Fuels, trading lower by about 13.5% and Gevo, trading lower by about 3.6%. VIDEO: Tuesday Sector Laggards: Precious Metals, Oil & Gas Refining & Marketing Stocks The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Tuesday, precious metals shares were relative laggards, down on the day by about 2.5%. Helping drag down the group were shares of Harmony Gold Mining, off about 9% and shares of NovaGold Resources off about 8.2% on the day. Also lagging the market Tuesday are oil & gas refining & marketing shares, down on the day by about 2.2% as a group, led down by Clean Energy Fuels, trading lower by about 13.5% and Gevo, trading lower by about 3.6%.
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e44d7210-0971-4bee-af3d-1d10e0a0c3db
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712822.0
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2023-12-12 00:00:00 UTC
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Tuesday's ETF Movers: CIBR, TAN
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DCOMP
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https://www.nasdaq.com/articles/tuesdays-etf-movers%3A-cibr-tan
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nan
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nan
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In trading on Tuesday, the First Trust Nasdaq Cybersecurity ETF is outperforming other ETFs, up about 1.3% on the day. Components of that ETF showing particular strength include shares of Sentinelone, up about 5.3% and shares of Okta, up about 3.8% on the day.
And underperforming other ETFs today is the Invesco Solar ETF, down about 3.7% in Tuesday afternoon trading. Among components of that ETF with the weakest showing on Tuesday were shares of Maxeon Solar Technologies, lower by about 7.8%, and shares of Solaredge Technologies, lower by about 6.7% on the day.
VIDEO: Tuesday's ETF Movers: CIBR, TAN
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Components of that ETF showing particular strength include shares of Sentinelone, up about 5.3% and shares of Okta, up about 3.8% on the day. Among components of that ETF with the weakest showing on Tuesday were shares of Maxeon Solar Technologies, lower by about 7.8%, and shares of Solaredge Technologies, lower by about 6.7% on the day. VIDEO: Tuesday's ETF Movers: CIBR, TAN The views and 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 underperforming other ETFs today is the Invesco Solar ETF, down about 3.7% in Tuesday afternoon trading. Among components of that ETF with the weakest showing on Tuesday were shares of Maxeon Solar Technologies, lower by about 7.8%, and shares of Solaredge Technologies, lower by about 6.7% on the day. VIDEO: Tuesday's ETF Movers: CIBR, TAN The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Tuesday, the First Trust Nasdaq Cybersecurity ETF is outperforming other ETFs, up about 1.3% on the day. And underperforming other ETFs today is the Invesco Solar ETF, down about 3.7% in Tuesday afternoon trading. Among components of that ETF with the weakest showing on Tuesday were shares of Maxeon Solar Technologies, lower by about 7.8%, and shares of Solaredge Technologies, lower by about 6.7% on the day.
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In trading on Tuesday, the First Trust Nasdaq Cybersecurity ETF is outperforming other ETFs, up about 1.3% on the day. Components of that ETF showing particular strength include shares of Sentinelone, up about 5.3% and shares of Okta, up about 3.8% on the day. And underperforming other ETFs today is the Invesco Solar ETF, down about 3.7% in Tuesday afternoon trading.
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618b5977-4aa1-497b-8fc3-45406fd6bd43
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712823.0
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2023-12-12 00:00:00 UTC
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Semiconductor Stocks: Meat Left on the Bone?
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DCOMP
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https://www.nasdaq.com/articles/semiconductor-stocks%3A-meat-left-on-the-bone
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nan
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nan
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Semiconductors: The Lifeblood of the AI Revolution
As is often the case in the 2000s, semiconductors have made their way to the top of the yearly winner scoreboard during a bull market (the Vaneck Semiconductor ETF (SMH), a proxy for semiconductors, is up a scorching 65% year-to-date). However, this cycle, semi-stocks are being driven by a substantial technological advance – the AI Revolution.
Semiconductors serve as the lifeblood of the AI industry because they are the fundamental building blocks of computer chips, powering the processing units essential for AI computations. AI applications, like machine learning and deep learning, rely heavily on complex mathematical calculations and data processing. Semis enable the rapid and efficient execution of these tasks by facilitating the flow of electrical signals and managing the transfer of information within AI systems. As AI technologies advance and demand for more powerful and energy-efficient processors grows, semiconductor technology will play a pivotal role in shaping the capabilities and performance of AI applications such as ChatGPT. However, with the already robust YTD gains, is it too late to jump aboard semiconductor stocks? Below are five reasons there may be more “meat on the bone”:
Insiders Are Extremely Bullish on the Future
Advanced Micro Devices (AMD) is off to a hot start this month and is already up double digits. What’s behind the move? In a recent television interview, AMD CEO Lisa Su proclaimed, “We’re still at the very, very early innings of AI.” In a tweet from Sunday, investor Jonah Lupton illustrated just how bullish Su has become:
Image Source: Jonah Lupton via X.com
EPS Estimates are Robust, to Say the Least
While AMD appears to be gaining momentum in the AI space, the undisputed leader in AI chips remains Nvidia (NVDA) – by a long shot. Thus, investors should attribute the most weight to Nvidia’s earnings estimates. Zacks Consensus Estimates suggest that, in Q1 of 2024, NVDA’s EPS will four-bag. For full-year 2024, analysts expect growth of 267%, year-over-year. Earnings expansion of this magnitude is unprecedented for a stock of NVDA’s size.
Image Source: Zacks Investment Research
Bullish Price Action & Relative Strength
Want to know the easiest way to find the next double? Identify which stocks doubled the year prior. The momentum in semiconductor stocks is undeniable. Even Intel (INTC), a legacy player and slower grower, is exhibiting scorching-hot price action and is up more than three times that of the S&P 500 Index. Remember that the trend is your friend.
Image Source: Zacks Investment Research
Global Demand + US Arms Race – us leader / US race in the beginning innings google
Currently, the U.S. is the faraway leader in AI. However, as global economy powerhouses such as China, India, and the UAE play catch-up, demand should soar. Meanwhile, stateside, the AI race is in the early innings. Just last week, Alphabet (GOOGL) launched “Gemini,” its most powerful AI offering yet.
Dry Powder: Money Market Funds are Full
Total money market fund assets increased by $61.65 billion to $5.90 trillion for the week ending December 6th. In other words, though stocks have been rallying, the unprecedented $5.90 trillion on the sidelines suggests that most investors have not participated in the gains, and there is still a ton of money on the sidelines to keep the bull flame lit. Investors who have missed the rally in semis thus far are likely to pile in as they realize the potential growth that the AI revolution presents.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Intel Corporation (INTC) : Free Stock Analysis Report
Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
VanEck Semiconductor ETF (SMH): ETF Research Reports
Alphabet Inc. (GOOGL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Semis enable the rapid and efficient execution of these tasks by facilitating the flow of electrical signals and managing the transfer of information within AI systems. Below are five reasons there may be more “meat on the bone”: Insiders Are Extremely Bullish on the Future Advanced Micro Devices (AMD) is off to a hot start this month and is already up double digits. Image Source: Zacks Investment Research Bullish Price Action & Relative Strength Want to know the easiest way to find the next double?
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Image Source: Zacks Investment Research Bullish Price Action & Relative Strength Want to know the easiest way to find the next double? Image Source: Zacks Investment Research Global Demand + US Arms Race – us leader / US race in the beginning innings google Currently, the U.S. is the faraway leader in AI. Click to get this free report Intel Corporation (INTC) : Free Stock Analysis Report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report VanEck Semiconductor ETF (SMH): ETF Research Reports Alphabet Inc. (GOOGL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Image Source: Jonah Lupton via X.com EPS Estimates are Robust, to Say the Least While AMD appears to be gaining momentum in the AI space, the undisputed leader in AI chips remains Nvidia (NVDA) – by a long shot. Image Source: Zacks Investment Research Global Demand + US Arms Race – us leader / US race in the beginning innings google Currently, the U.S. is the faraway leader in AI. Click to get this free report Intel Corporation (INTC) : Free Stock Analysis Report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report VanEck Semiconductor ETF (SMH): ETF Research Reports Alphabet Inc. (GOOGL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Image Source: Jonah Lupton via X.com EPS Estimates are Robust, to Say the Least While AMD appears to be gaining momentum in the AI space, the undisputed leader in AI chips remains Nvidia (NVDA) – by a long shot. Image Source: Zacks Investment Research Bullish Price Action & Relative Strength Want to know the easiest way to find the next double? Zacks Investment Research has just released an urgent special report to help you bank on this trend.
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67be28c8-bcb0-47ae-bfd0-c398769eecf8
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712824.0
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2023-12-12 00:00:00 UTC
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NeoGames' (NGMS) Pariplay Expands Presence in North America
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DCOMP
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https://www.nasdaq.com/articles/neogames-ngms-pariplay-expands-presence-in-north-america
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nan
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nan
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NeoGames S.A.'s NGMS subsidiary, Pariplay — a leading aggregator and content provider — expands its presence in the North American market with a recent agreement with Tipico US. Under the agreement, Tipico users in New Jersey will have access to Pariplay's Wizard Games titles and a variety of content from its Fusion offering, enhancing their gaming experience.
Pariplay's content is set to integrate in the first quarter of 2024. This marks the extension of an ongoing partnership with Tipico, an established customer in the European market.
Tipico, a global leader in sports betting and iGaming, recently relaunched its New Jersey online casino with a new proprietary platform developed entirely in-house. The platform supports engaging gameplay experiences across 30 sports.
Continuing its expansion into regulated states, Pariplay, through its Wizard Games and Fusion content, enhances engagement with leading operators like Rush Street Interactive and Hard Rock Digital. The company is optimistic in this regard and looks forward to providing fantastic content to Tipico US for their updated online casino in New Jersey at the start of 2024.
Focus on Expansion
NeoGames, a global leader in iLottery and iGaming solutions, is a technology-driven innovator catering to regulated lotteries and gaming operators. The company provides a comprehensive suite of solutions, including proprietary technology platforms, two dedicated game studios with diverse game portfolios for lottery and casino games and various value-added services.
With the recent strategic acquisition of Aspire Global Group, the company expanded its offerings to include a comprehensive portfolio covering iLottery, an innovative sports betting platform from BtoBet, an advanced content aggregation solution from Pariplay and a complete set of B2B Gaming tech and Managed Services.
The company is focused on expanding its U.S. footprint through strategic partnerships. The company's subsidiary, BtoBet, entered the North American market with a PlayAlberta Sportsbook partnership. Also, the company signed a deal with Scientific Games to deliver its premium NeoGames Studio content to the Pennsylvania Lottery. It expanded its presence in Canada through NeoGames Studio's eInstant games launch with Atlantic Lottery (AL).
In October 2023, the company's subsidiary, Pariplay, made its debut in Pennsylvania in partnership with Rush Street Interactive, marking the fifth U.S. state Pariplay entered.
Image Source: Zacks Investment Research
Shares of NGMS have surged 103.8% in the past year compared with the industry’s 11.5% growth. The company benefited from solid contributions from digital gaming and its diverse content offerings. Also, its emphasis on expansion efforts bodes well.
Zacks Rank & Key Picks
NeoGames currently carries a Zacks Rank #3 (Hold).
Here are some better-ranked stocks from the Zacks Consumer Discretionary sector:
Royal Caribbean Cruises Ltd. RCL sports a Zacks Rank #1 (Strong Buy). RCL has a trailing four-quarter earnings surprise of 28.3% on average. Shares of RCL have surged 115.9% in the past year. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for RCL’s 2023 sales and EPS indicates a rise of 57.7% and 187.9%, respectively, from the year-ago period’s levels.
Live Nation Entertainment, Inc. LYV flaunts a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 37.5% on average. Shares of LYV have increased 17.4% in the past year.
The Zacks Consensus Estimate for LYV’s 2023 sales and EPS indicates a rise of 28.6% and 132.8%, respectively, from the year-ago period’s levels.
Stride, Inc. LRN carries a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 44.3% on average. Shares of LRN have increased 88.4% in the past year.
The Zacks Consensus Estimate for LRN’s 2024 sales and EPS indicates a rise of 9.1% and 34.7%, respectively, from the year-ago period’s levels.
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
Royal Caribbean Cruises Ltd. (RCL) : Free Stock Analysis Report
Live Nation Entertainment, Inc. (LYV) : Free Stock Analysis Report
Stride, Inc. (LRN) : Free Stock Analysis Report
NeoGames S.A. (NGMS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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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NeoGames S.A.'s NGMS subsidiary, Pariplay — a leading aggregator and content provider — expands its presence in the North American market with a recent agreement with Tipico US. Continuing its expansion into regulated states, Pariplay, through its Wizard Games and Fusion content, enhances engagement with leading operators like Rush Street Interactive and Hard Rock Digital. With the recent strategic acquisition of Aspire Global Group, the company expanded its offerings to include a comprehensive portfolio covering iLottery, an innovative sports betting platform from BtoBet, an advanced content aggregation solution from Pariplay and a complete set of B2B Gaming tech and Managed Services.
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NeoGames S.A.'s NGMS subsidiary, Pariplay — a leading aggregator and content provider — expands its presence in the North American market with a recent agreement with Tipico US. With the recent strategic acquisition of Aspire Global Group, the company expanded its offerings to include a comprehensive portfolio covering iLottery, an innovative sports betting platform from BtoBet, an advanced content aggregation solution from Pariplay and a complete set of B2B Gaming tech and Managed Services. Click to get this free report Royal Caribbean Cruises Ltd. (RCL) : Free Stock Analysis Report Live Nation Entertainment, Inc. (LYV) : Free Stock Analysis Report Stride, Inc. (LRN) : Free Stock Analysis Report NeoGames S.A. (NGMS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The company provides a comprehensive suite of solutions, including proprietary technology platforms, two dedicated game studios with diverse game portfolios for lottery and casino games and various value-added services. With the recent strategic acquisition of Aspire Global Group, the company expanded its offerings to include a comprehensive portfolio covering iLottery, an innovative sports betting platform from BtoBet, an advanced content aggregation solution from Pariplay and a complete set of B2B Gaming tech and Managed Services. Click to get this free report Royal Caribbean Cruises Ltd. (RCL) : Free Stock Analysis Report Live Nation Entertainment, Inc. (LYV) : Free Stock Analysis Report Stride, Inc. (LRN) : Free Stock Analysis Report NeoGames S.A. (NGMS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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NeoGames S.A.'s NGMS subsidiary, Pariplay — a leading aggregator and content provider — expands its presence in the North American market with a recent agreement with Tipico US. With the recent strategic acquisition of Aspire Global Group, the company expanded its offerings to include a comprehensive portfolio covering iLottery, an innovative sports betting platform from BtoBet, an advanced content aggregation solution from Pariplay and a complete set of B2B Gaming tech and Managed Services. You can see the complete list of today’s Zacks #1 Rank stocks here.
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066f4961-9d55-426b-85ab-4c63388ee1bd
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712825.0
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2023-12-12 00:00:00 UTC
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Tuesday's ETF with Unusual Volume: VTHR
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DCOMP
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https://www.nasdaq.com/articles/tuesdays-etf-with-unusual-volume%3A-vthr-0
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nan
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nan
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The Vanguard Russell 3000 ETF is seeing unusually high volume in afternoon trading Tuesday, with over 152,000 shares traded versus three month average volume of about 34,000. Shares of VTHR were up about 0.2% on the day.
Components of that ETF with the highest volume on Tuesday were Advanced Micro Devices, trading up about 3% with over 61.6 million shares changing hands so far this session, and Tesla, down about 1.9% on volume of over 51.3 million shares. Icosavax is the component faring the best Tuesday, higher by about 48.8% on the day, while Loop Media is lagging other components of the Vanguard Russell 3000 ETF, trading lower by about 14.6%.
VIDEO: Tuesday's ETF with Unusual Volume: VTHR
The views and 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 Vanguard Russell 3000 ETF is seeing unusually high volume in afternoon trading Tuesday, with over 152,000 shares traded versus three month average volume of about 34,000. Components of that ETF with the highest volume on Tuesday were Advanced Micro Devices, trading up about 3% with over 61.6 million shares changing hands so far this session, and Tesla, down about 1.9% on volume of over 51.3 million shares. VIDEO: Tuesday's ETF with Unusual Volume: VTHR The views and 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 Vanguard Russell 3000 ETF is seeing unusually high volume in afternoon trading Tuesday, with over 152,000 shares traded versus three month average volume of about 34,000. Icosavax is the component faring the best Tuesday, higher by about 48.8% on the day, while Loop Media is lagging other components of the Vanguard Russell 3000 ETF, trading lower by about 14.6%. VIDEO: Tuesday's ETF with Unusual Volume: VTHR The views and 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 Vanguard Russell 3000 ETF is seeing unusually high volume in afternoon trading Tuesday, with over 152,000 shares traded versus three month average volume of about 34,000. Components of that ETF with the highest volume on Tuesday were Advanced Micro Devices, trading up about 3% with over 61.6 million shares changing hands so far this session, and Tesla, down about 1.9% on volume of over 51.3 million shares. VIDEO: Tuesday's ETF with Unusual Volume: VTHR The views and 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 Vanguard Russell 3000 ETF is seeing unusually high volume in afternoon trading Tuesday, with over 152,000 shares traded versus three month average volume of about 34,000. Shares of VTHR were up about 0.2% on the day. Components of that ETF with the highest volume on Tuesday were Advanced Micro Devices, trading up about 3% with over 61.6 million shares changing hands so far this session, and Tesla, down about 1.9% on volume of over 51.3 million shares.
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4fbcba64-2aad-45d2-8742-b697c34c78dc
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712826.0
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2023-12-12 00:00:00 UTC
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3 Unstoppable Growth Stocks That Will Make Early Investors Rich
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DCOMP
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https://www.nasdaq.com/articles/3-unstoppable-growth-stocks-that-will-make-early-investors-rich
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Investors on the path toward financial freedom seek the power of unstoppable growth stocks to build wealth. But this appetite for risk can come with its fair share of challenges. If this is not your first time investing, there is a chance that you lost money on what you thought was a great opportunity.
The reality is that the stock market is filled with a tremendous amount of opportunities. But picking the right growth stocks at the right price is what will set your portfolio up for future success. As we approach a new year, investors should not forfeit the opportunities that are present.
Now, let’s explore the three unstoppable growth stocks to buy before 2024!
Broadcom (AVGO)
Source: Sasima / Shutterstock.com
Broadcom (NASDAQ:AVGO) is an American semiconductor company headquartered in San Jose, California. The stock is on a tear this year as the company has become a cash-generating machine.
Broadcom has continued to see positive momentum in AI and its core business. CEO Hock E. Tan has been a pivotal driver of the company’s AI strategy. Their custom silicon chips are well-positioned to meet the growing demands of generative AI offerings. For FY23, Broadcom’s revenue increased 8% YOY to $35.8 billion. Additionally, the company achieved a record adjusted EBITDA margin of 65%.
However, what investors should be excited about is the company’s cash-generation capabilities. For the 2023 fiscal year, Broadcom generated $17.6 billion in FCF from operations. Now, with the acquisition of VMWare under its belt, the company expects FCF to increase substantially for FY24.
Netflix (NFLX)
Source: izzuanroslan / Shutterstock.com
Netflix (NASDAQ:NFLX) is slowly making its way back into the spotlight and the stock has had a transformative year. Restructuring efforts by management have Wall Street excited and management has given a bullish outlook on FY23.
The company has made big changes in the last year and a broad slowdown in the advertising market has impacted revenue growth. But the prospects of the Fed cutting interest rates in the back half of 2024 can strengthen growth prospects.
Netflix has made material changes in its business model in 2023 and its strategy to crack down on password sharing has boosted subscriber growth. In Q3 2023, Netflix added 8.76 million global subscribers, well above Wall Street’s estimates. Their ad-plan membership model has also gained momentum, suggesting that consumers are willing to watch ads in order to access Netflix at a lower price. If you’re bullish on the future of streaming, Netflix is one of the best unstoppable growth stocks to buy.
Shopify (SHOP)
Source: Burdun Iliya / Shutterstock.com
Shopify (NYSE:SHOP) is on its way to reaching mega-cap technology status. While global e-commerce sales have accelerated over the last decade, the momentum in AI will continue to drive the industry forward.
Shopify stock has had a strong year so far in 2023. The stock is up more than 100% YTD, driven by cost-cutting efforts that have boosted profitability. In May 2023, Shopify announced that they would cut 20% of their workforce. Shareholders were pleased with this announcement as profitability has been a major concern.
So far, in 2023 the business has seen a complete turnaround. More recently, Shopify sold off its logistics business to Flexport, creating stronger liquidity. This resulted in the company’s operating income swinging from negative to positive in Q3 2023. With cost-cutting at the forefront, Shopify is one of the best growth stocks for getting rich.
On the date of publication, Terel Miles 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.
Terel Miles is a contributing writer at InvestorPlace.com, with more than seven years of experience investing in the financial markets.
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The post 3 Unstoppable Growth Stocks That Will Make Early Investors Rich appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company has made big changes in the last year and a broad slowdown in the advertising market has impacted revenue growth. Netflix has made material changes in its business model in 2023 and its strategy to crack down on password sharing has boosted subscriber growth. Their ad-plan membership model has also gained momentum, suggesting that consumers are willing to watch ads in order to access Netflix at a lower price.
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Broadcom (AVGO) Source: Sasima / Shutterstock.com Broadcom (NASDAQ:AVGO) is an American semiconductor company headquartered in San Jose, California. For the 2023 fiscal year, Broadcom generated $17.6 billion in FCF from operations. Netflix (NFLX) Source: izzuanroslan / Shutterstock.com Netflix (NASDAQ:NFLX) is slowly making its way back into the spotlight and the stock has had a transformative year.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Investors on the path toward financial freedom seek the power of unstoppable growth stocks to build wealth. Netflix (NFLX) Source: izzuanroslan / Shutterstock.com Netflix (NASDAQ:NFLX) is slowly making its way back into the spotlight and the stock has had a transformative year. The #1 AI Investment Might Be This Company You’ve Never Heard Of The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 Unstoppable Growth Stocks That Will Make Early Investors Rich appeared first on InvestorPlace.
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Broadcom has continued to see positive momentum in AI and its core business. For the 2023 fiscal year, Broadcom generated $17.6 billion in FCF from operations. Netflix has made material changes in its business model in 2023 and its strategy to crack down on password sharing has boosted subscriber growth.
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9b9c11fb-749c-4f18-b988-c7d0d4d6f718
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712827.0
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2023-12-12 00:00:00 UTC
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Spotify to host Warner Bros Discovery podcasts
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DCOMP
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https://www.nasdaq.com/articles/spotify-to-host-warner-bros-discovery-podcasts
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nan
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nan
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Dec 12 (Reuters) - Warner Bros Discovery WBD.O said on Tuesday that music streaming giant Spotify SPOT.N would host the media conglomerate's podcasts as part of its monetization drive.
Spotify’s enterprise podcast platform, Megaphone, will host Warner Bros Discovery's podcasts which will be monetized through Spotify Audience Network.
The audience network is an advertising marketplace for podcasts, first launched in 2021. Over the past 12 months, advertiser participation at the audience network has grown over 45%.
Warner Bros Discovery CEO David Zaslav previously spoke at a sept conference about bundling offerings to create a better consumer experience.
Reuters reported in November that Verizon VZ.N is planning to offer ad-supported versions of Warner Bros Discovery's Max streaming services and Netflix NFLX.O for about $10 a month combined instead of about $17, furthering a push towards bundling.
(Reporting by Arsheeya Bajwa in Bengaluru; Editing by Tasim Zahid)
((ArsheeyaSingh.Bajwa@thomsonreuters.com; +91 8510015800;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dec 12 (Reuters) - Warner Bros Discovery WBD.O said on Tuesday that music streaming giant Spotify SPOT.N would host the media conglomerate's podcasts as part of its monetization drive. Warner Bros Discovery CEO David Zaslav previously spoke at a sept conference about bundling offerings to create a better consumer experience. Reuters reported in November that Verizon VZ.N is planning to offer ad-supported versions of Warner Bros Discovery's Max streaming services and Netflix NFLX.O for about $10 a month combined instead of about $17, furthering a push towards bundling.
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Dec 12 (Reuters) - Warner Bros Discovery WBD.O said on Tuesday that music streaming giant Spotify SPOT.N would host the media conglomerate's podcasts as part of its monetization drive. Spotify’s enterprise podcast platform, Megaphone, will host Warner Bros Discovery's podcasts which will be monetized through Spotify Audience Network. Warner Bros Discovery CEO David Zaslav previously spoke at a sept conference about bundling offerings to create a better consumer experience.
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Dec 12 (Reuters) - Warner Bros Discovery WBD.O said on Tuesday that music streaming giant Spotify SPOT.N would host the media conglomerate's podcasts as part of its monetization drive. Spotify’s enterprise podcast platform, Megaphone, will host Warner Bros Discovery's podcasts which will be monetized through Spotify Audience Network. Reuters reported in November that Verizon VZ.N is planning to offer ad-supported versions of Warner Bros Discovery's Max streaming services and Netflix NFLX.O for about $10 a month combined instead of about $17, furthering a push towards bundling.
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Spotify’s enterprise podcast platform, Megaphone, will host Warner Bros Discovery's podcasts which will be monetized through Spotify Audience Network. The audience network is an advertising marketplace for podcasts, first launched in 2021. Warner Bros Discovery CEO David Zaslav previously spoke at a sept conference about bundling offerings to create a better consumer experience.
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afc76bb3-e39c-4476-9405-557ed9c0785e
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712828.0
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2023-12-12 00:00:00 UTC
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New Gold (NGD) is an Incredible Growth Stock: 3 Reasons Why
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DCOMP
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https://www.nasdaq.com/articles/new-gold-ngd-is-an-incredible-growth-stock%3A-3-reasons-why
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nan
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nan
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Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.
By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.
However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects.
New Gold (NGD) is on the list of such stocks currently recommended by our proprietary system. In addition to a favorable Growth Score, it carries a top Zacks Rank.
Research shows that stocks carrying the best growth features consistently beat the market. And returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy).
While there are numerous reasons why the stock of this gold mining company is a great growth pick right now, we have highlighted three of the most important factors below:
Earnings Growth
Earnings growth is arguably the most important factor, as stocks exhibiting exceptionally surging profit levels tend to attract the attention of most investors. And for growth investors, double-digit earnings growth is definitely preferable, and often an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for New Gold is 25%, investors should actually focus on the projected growth. The company's EPS is expected to grow 250% this year, crushing the industry average, which calls for EPS growth of 32.8%.
Impressive Asset Utilization Ratio
Growth investors often overlook asset utilization ratio, also known as sales-to-total-assets (S/TA) ratio, but it is an important feature of a real growth stock. This metric exhibits how efficiently a firm is utilizing its assets to generate sales.
Right now, New Gold has an S/TA ratio of 0.33, which means that the company gets $0.33 in sales for each dollar in assets. Comparing this to the industry average of 0.24, it can be said that the company is more efficient.
In addition to efficiency in generating sales, sales growth plays an important role. And New Gold is well positioned from a sales growth perspective too. The company's sales are expected to grow 31.3% this year versus the industry average of 10.9%.
Promising Earnings Estimate Revisions
Beyond the metrics outlined above, investors should consider the trend in earnings estimate revisions. A positive trend is a plus here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
The current-year earnings estimates for New Gold have been revising upward. The Zacks Consensus Estimate for the current year has surged 5.9% over the past month.
Bottom Line
While the overall earnings estimate revisions have made New Gold a Zacks Rank #2 stock, it has earned itself a Growth Score of A based on a number of factors, including the ones discussed above.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination positions New Gold well for outperformance, so growth investors may want to bet on it.
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.
|
Empirical research shows that there is 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." Zacks Investment Research has just released an urgent special report to help you bank on this trend.
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Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. Impressive Asset Utilization Ratio Growth investors often overlook asset utilization ratio, also known as sales-to-total-assets (S/TA) ratio, but it is an important feature of a real growth stock. Bottom Line While the overall earnings estimate revisions have made New Gold a Zacks Rank #2 stock, it has earned itself a Growth Score of A based on a number of factors, including the ones discussed above.
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However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects. While there are numerous reasons why the stock of this gold mining company is a great growth pick right now, we have highlighted three of the most important factors below: Earnings Growth Earnings growth is arguably the most important factor, as stocks exhibiting exceptionally surging profit levels tend to attract the attention of most investors. Bottom Line While the overall earnings estimate revisions have made New Gold a Zacks Rank #2 stock, it has earned itself a Growth Score of A based on a number of factors, including the ones discussed above.
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While there are numerous reasons why the stock of this gold mining company is a great growth pick right now, we have highlighted three of the most important factors below: Earnings Growth Earnings growth is arguably the most important factor, as stocks exhibiting exceptionally surging profit levels tend to attract the attention of most investors. The company's sales are expected to grow 31.3% this year versus the industry average of 10.9%. Promising Earnings Estimate Revisions Beyond the metrics outlined above, investors should consider the trend in earnings estimate revisions.
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1997f107-7e4f-4034-b81c-4453dcf09de1
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712829.0
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2023-12-12 00:00:00 UTC
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3 Reasons Growth Investors Will Love Esco Technologies (ESE)
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DCOMP
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https://www.nasdaq.com/articles/3-reasons-growth-investors-will-love-esco-technologies-ese
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nan
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nan
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Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.
By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.
However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects.
Esco Technologies (ESE) is on the list of such stocks currently recommended by our proprietary system. In addition to a favorable Growth Score, it carries a top Zacks Rank.
Research shows that stocks carrying the best growth features consistently beat the market. And returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy).
While there are numerous reasons why the stock of this maker of smart meters and filtration products is a great growth pick right now, we have highlighted three of the most important factors below:
Earnings Growth
Earnings growth is arguably the most important factor, as stocks exhibiting exceptionally surging profit levels tend to attract the attention of most investors. And for growth investors, double-digit earnings growth is definitely preferable, and often an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for Esco Technologies is 2.2%, investors should actually focus on the projected growth. The company's EPS is expected to grow 25.9% this year, crushing the industry average, which calls for EPS growth of 19.2%.
Cash Flow Growth
While cash is the lifeblood of any business, higher-than-average cash flow growth is more important and beneficial for growth-oriented companies than for mature companies. That's because, growth in cash flow enables these companies to expand their businesses without depending on expensive outside funds.
Right now, year-over-year cash flow growth for Esco Technologies is 10.8%, which is higher than many of its peers. In fact, the rate compares to the industry average of 8.7%.
While investors should actually consider the current cash flow growth, it's worth taking a look at the historical rate too for putting the current reading into proper perspective. The company's annualized cash flow growth rate has been 6.7% over the past 3-5 years versus the industry average of 5.9%.
Promising Earnings Estimate Revisions
Beyond the metrics outlined above, investors should consider the trend in earnings estimate revisions. A positive trend is a plus here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
The current-year earnings estimates for Esco Technologies have been revising upward. The Zacks Consensus Estimate for the current year has surged 13.7% over the past month.
Bottom Line
While the overall earnings estimate revisions have made Esco Technologies a Zacks Rank #1 stock, it has earned itself a Growth Score of B based on a number of factors, including the ones discussed above.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination indicates that Esco Technologies is a potential outperformer and a solid choice for growth investors.
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
ESCO Technologies Inc. (ESE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company's annualized cash flow growth rate has been 6.7% over the past 3-5 years versus the industry average of 5.9%. Empirical research shows that there is 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."
|
Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. Bottom Line While the overall earnings estimate revisions have made Esco Technologies a Zacks Rank #1 stock, it has earned itself a Growth Score of B based on a number of factors, including the ones discussed above. Click to get this free report ESCO Technologies Inc. (ESE) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects. While there are numerous reasons why the stock of this maker of smart meters and filtration products is a great growth pick right now, we have highlighted three of the most important factors below: Earnings Growth Earnings growth is arguably the most important factor, as stocks exhibiting exceptionally surging profit levels tend to attract the attention of most investors. Bottom Line While the overall earnings estimate revisions have made Esco Technologies a Zacks Rank #1 stock, it has earned itself a Growth Score of B based on a number of factors, including the ones discussed above.
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Esco Technologies (ESE) is on the list of such stocks currently recommended by our proprietary system. The company's annualized cash flow growth rate has been 6.7% over the past 3-5 years versus the industry average of 5.9%. Zacks Investment Research has just released an urgent special report to help you bank on this trend.
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1b7be19c-3729-4069-afb0-f70c0c7402f8
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712830.0
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2023-12-12 00:00:00 UTC
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Is Acushnet (GOLF) a Solid Growth Stock? 3 Reasons to Think "Yes"
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DCOMP
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https://www.nasdaq.com/articles/is-acushnet-golf-a-solid-growth-stock-3-reasons-to-think-yes
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nan
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nan
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Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. However, it isn't easy to find a great growth stock.
In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.
However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects.
Our proprietary system currently recommends Acushnet (GOLF) as one such stock. This company not only has a favorable Growth Score, but also carries a top Zacks Rank.
Research shows that stocks carrying the best growth features consistently beat the market. And returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy).
Here are three of the most important factors that make the stock of this golf products maker a great growth pick right now.
Earnings Growth
Arguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. For growth investors, double-digit earnings growth is highly preferable, as it is often perceived as an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for Acushnet is 24.7%, investors should actually focus on the projected growth. The company's EPS is expected to grow 7.8% this year, crushing the industry average, which calls for EPS growth of -28.5%.
Impressive Asset Utilization Ratio
Growth investors often overlook asset utilization ratio, also known as sales-to-total-assets (S/TA) ratio, but it is an important feature of a real growth stock. This metric shows how efficiently a firm is utilizing its assets to generate sales.
Right now, Acushnet has an S/TA ratio of 1.05, which means that the company gets $1.05 in sales for each dollar in assets. Comparing this to the industry average of 0.97, it can be said that the company is more efficient.
While the level of efficiency in generating sales matters a lot, so does the sales growth of a company. And Acushnet looks attractive from a sales growth perspective as well. The company's sales are expected to grow 5.8% this year versus the industry average of 0%.
Promising Earnings Estimate Revisions
Superiority of a stock in terms of the metrics outlined above can be further validated by looking at the trend in earnings estimate revisions. A positive trend is of course favorable here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
The current-year earnings estimates for Acushnet have been revising upward. The Zacks Consensus Estimate for the current year has surged 0.8% over the past month.
Bottom Line
Acushnet has not only earned a Growth Score of B based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #2 because of the positive earnings estimate revisions.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination positions Acushnet well for outperformance, so growth investors may want to bet on it.
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
Acushnet (GOLF) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Here are three of the most important factors that make the stock of this golf products maker a great growth pick right now. Empirical research shows that there is 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."
|
However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects. Impressive Asset Utilization Ratio Growth investors often overlook asset utilization ratio, also known as sales-to-total-assets (S/TA) ratio, but it is an important feature of a real growth stock. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
|
However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects. For growth investors, double-digit earnings growth is highly preferable, as it is often perceived as an indication of strong prospects (and stock price gains) for the company under consideration. Impressive Asset Utilization Ratio Growth investors often overlook asset utilization ratio, also known as sales-to-total-assets (S/TA) ratio, but it is an important feature of a real growth stock.
|
Earnings Growth Arguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. The company's sales are expected to grow 5.8% this year versus the industry average of 0%. Bottom Line Acushnet has not only earned a Growth Score of B based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #2 because of the positive earnings estimate revisions.
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69cd8a5f-38eb-4a95-88ad-acd044222f43
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712831.0
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2023-12-12 00:00:00 UTC
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Is M?nchener R?ckversicherungs-Gesellschaft (MURGY) a Solid Growth Stock? 3 Reasons to Think "Yes"
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DCOMP
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https://www.nasdaq.com/articles/is-mnchener-rckversicherungs-gesellschaft-murgy-a-solid-growth-stock-3-reasons-to-think
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nan
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nan
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Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task.
By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.
However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects.
M?nchener R?ckversicherungs-Gesellschaft (MURGY) is one such stock that our proprietary system currently recommends. The company not only has a favorable Growth Score, but also carries a top Zacks Rank.
Research shows that stocks carrying the best growth features consistently beat the market. And returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy).
While there are numerous reasons why the stock of this company is a great growth pick right now, we have highlighted three of the most important factors below:
Earnings Growth
Earnings growth is arguably the most important factor, as stocks exhibiting exceptionally surging profit levels tend to attract the attention of most investors. For growth investors, double-digit earnings growth is highly preferable, as it is often perceived as an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for M?nchener R?ckversicherungs-Gesellschaft is 15.8%, investors should actually focus on the projected growth. The company's EPS is expected to grow 41.2% this year, crushing the industry average, which calls for EPS growth of 24.1%.
Cash Flow Growth
While cash is the lifeblood of any business, higher-than-average cash flow growth is more important and beneficial for growth-oriented companies than for mature companies. That's because, growth in cash flow enables these companies to expand their businesses without depending on expensive outside funds.
Right now, year-over-year cash flow growth for M?nchener R?ckversicherungs-Gesellschaft is 4.2%, which is higher than many of its peers. In fact, the rate compares to the industry average of -14.4%.
While investors should actually consider the current cash flow growth, it's worth taking a look at the historical rate too for putting the current reading into proper perspective. The company's annualized cash flow growth rate has been 53.5% over the past 3-5 years versus the industry average of 3%.
Promising Earnings Estimate Revisions
Beyond the metrics outlined above, investors should consider the trend in earnings estimate revisions. A positive trend is a plus here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
There have been upward revisions in current-year earnings estimates for M?nchener R?ckversicherungs-Gesellschaft. The Zacks Consensus Estimate for the current year has surged 3.7% over the past month.
Bottom Line
M?nchener R?ckversicherungs-Gesellschaft has not only earned a Growth Score of B based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #2 because of the positive earnings estimate revisions.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination indicates that M?nchener R?ckversicherungs-Gesellschaft is a potential outperformer and a solid choice for growth investors.
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
M?nchener R?ckversicherungs-Gesellschaft (MURGY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company's annualized cash flow growth rate has been 53.5% over the past 3-5 years versus the industry average of 3%. Empirical research shows that there is 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."
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However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Click to get this free report M?nchener R?ckversicherungs-Gesellschaft (MURGY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects. While there are numerous reasons why the stock of this company is a great growth pick right now, we have highlighted three of the most important factors below: Earnings Growth Earnings growth is arguably the most important factor, as stocks exhibiting exceptionally surging profit levels tend to attract the attention of most investors. For growth investors, double-digit earnings growth is highly preferable, as it is often perceived as an indication of strong prospects (and stock price gains) for the company under consideration.
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M?nchener R?ckversicherungs-Gesellschaft (MURGY) is one such stock that our proprietary system currently recommends. The company's annualized cash flow growth rate has been 53.5% over the past 3-5 years versus the industry average of 3%. Zacks Investment Research has just released an urgent special report to help you bank on this trend.
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4b9a6256-8868-40eb-8051-66b8c981b40c
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712832.0
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2023-12-12 00:00:00 UTC
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Innospec (IOSP) Expands Global Presence With QGP Acquisition
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DCOMP
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https://www.nasdaq.com/articles/innospec-iosp-expands-global-presence-with-qgp-acquisition
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Innospec Inc. IOSP wrapped up the acquisition of QGP Quimica Geral (QGP), a prominent specialty chemicals company located in Brazil. The financial details of the transaction have not been disclosed.
This strategic acquisition marks a significant milestone for Innospec, providing the company with a substantial manufacturing presence, enhanced customer service capabilities and a strengthened product development base in South America. This region is recognized as one of the largest and most crucial global markets for all of Innospec's technologies. QGP's expertise in surfactants and other specialty chemistries also contributes valuable additions to Innospec's global portfolio, particularly in growing markets such as Agriculture.
Founded in 1992, QGP boasts a workforce of 300 employees, all of whom will be seamlessly integrated into Innospec's Performance Chemicals business.
Expressing great satisfaction with the successful completion of the acquisition, Innospec conveyed its pleasure in completing the deal. It emphasized its profound admiration for QGP's founders, recognizing their achievement in building a leading specialty chemical company characterized by outstanding customer service, innovation, and technical support — qualities aligning closely with Innospec's own values. The product development and manufacturing capabilities of QGP were highlighted as complementary across all end markets served by Innospec's Performance Chemicals, spanning Personal Care, Agriculture, Home Care, Industrial Chemicals, Construction and Mining.
Innospec expressed its delight in welcoming QGP's employees and its highly complementary capabilities into the Innospec family. The company anticipates leveraging these strengths to provide a significantly enhanced and broader offering to customers in Brazil and on a global scale.
The acquisition seamlessly aligns with Innospec's longstanding mergers and acquisitions (M&A) strategy, reinforcing the Performance Chemicals segment and establishing a manufacturing foothold in South America. Innospec emphasized that post-acquisition, it maintains a significantly robust, debt-free balance sheet, positioning it favorably for future M&A activities, consistent shareholder returns and strategic investments in organic growth.
Innospec’s shares have gained 3.7% in the past year compared with a 15.1% fall of the industry.
Image Source: Zacks Investment Research
In the third quarter, excluding one-time items, IOSP’s earnings were $1.59 per share that declined from the $1.74 per share recorded a year ago. Despite the downside, the results exceeded the Zacks Consensus Estimate of $1.45 per share. The company's revenues experienced a 10% year-over-year fall, amounting to $464.1 million in the quarter. The figure lagged the Zacks Consensus Estimate of $483 million. The Oilfield Services unit demonstrated robust performance and the Performance Chemicals segment showed sequential improvement in the reported quarter.
Innospec expressed cautious optimism regarding its potential for growth and margin improvement in the fourth quarter in Performance Chemicals, primarily driven by new contracts and ongoing enhancements. The company anticipates sequential margin improvement and operating income growth in Fuel Specialties. For Oilfield Services, IOSP saw similar results in the fourth quarter.
Innospec Inc. Price and Consensus
Innospec Inc. price-consensus-chart | Innospec Inc. Quote
Zacks Rank & Key Picks
Innospec currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Basic Materials space are Axalta Coating Systems Ltd. AXTA, sporting a Zacks Rank #1 (Strong Buy), and Hawkins, Inc HWKN and Alamos Gold Inc. AGI, each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The consensus estimate for AXTA’s current-year earnings is pegged at $1.58, indicating year-over-year growth of 6.8%. AXTA beat the Zacks Consensus Estimate in three of the last four quarters and missed one, with the average earnings surprise being 6.7%. The company’s shares have increased 24.1% in the past year.
The Zacks Consensus Estimate for HWKN’s current-year earnings has been revised upward by 1.8% in the past 60 days. HWKN beat the Zacks Consensus Estimate in each of the last four quarters. It delivered a trailing four-quarter earnings surprise of 27.5% on average. The stock has rallied around 58.9% in a year.
The consensus estimate for Alamos’ current fiscal year earnings is pegged at 53 cents, indicating a year-over-year surge of 89.3%. AGI beat the Zacks Consensus Estimate in all of the last four quarters, with the average earnings surprise being 25.6%. The company’s shares have surged 34.1% 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
Alamos Gold Inc. (AGI) : Free Stock Analysis Report
Innospec Inc. (IOSP) : Free Stock Analysis Report
Axalta Coating Systems Ltd. (AXTA) : Free Stock Analysis Report
Hawkins, Inc. (HWKN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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 strategic acquisition marks a significant milestone for Innospec, providing the company with a substantial manufacturing presence, enhanced customer service capabilities and a strengthened product development base in South America. It emphasized its profound admiration for QGP's founders, recognizing their achievement in building a leading specialty chemical company characterized by outstanding customer service, innovation, and technical support — qualities aligning closely with Innospec's own values. Innospec emphasized that post-acquisition, it maintains a significantly robust, debt-free balance sheet, positioning it favorably for future M&A activities, consistent shareholder returns and strategic investments in organic growth.
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The product development and manufacturing capabilities of QGP were highlighted as complementary across all end markets served by Innospec's Performance Chemicals, spanning Personal Care, Agriculture, Home Care, Industrial Chemicals, Construction and Mining. Some better-ranked stocks in the Basic Materials space are Axalta Coating Systems Ltd. AXTA, sporting a Zacks Rank #1 (Strong Buy), and Hawkins, Inc HWKN and Alamos Gold Inc. AGI, each carrying a Zacks Rank #2 (Buy). Click to get this free report Alamos Gold Inc. (AGI) : Free Stock Analysis Report Innospec Inc. (IOSP) : Free Stock Analysis Report Axalta Coating Systems Ltd. (AXTA) : Free Stock Analysis Report Hawkins, Inc. (HWKN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Innospec Inc. Price and Consensus Innospec Inc. price-consensus-chart | Innospec Inc. Quote Zacks Rank & Key Picks Innospec currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the Basic Materials space are Axalta Coating Systems Ltd. AXTA, sporting a Zacks Rank #1 (Strong Buy), and Hawkins, Inc HWKN and Alamos Gold Inc. AGI, each carrying a Zacks Rank #2 (Buy). Click to get this free report Alamos Gold Inc. (AGI) : Free Stock Analysis Report Innospec Inc. (IOSP) : Free Stock Analysis Report Axalta Coating Systems Ltd. (AXTA) : Free Stock Analysis Report Hawkins, Inc. (HWKN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Innospec Inc. IOSP wrapped up the acquisition of QGP Quimica Geral (QGP), a prominent specialty chemicals company located in Brazil. The Oilfield Services unit demonstrated robust performance and the Performance Chemicals segment showed sequential improvement in the reported quarter. AXTA beat the Zacks Consensus Estimate in three of the last four quarters and missed one, with the average earnings surprise being 6.7%.
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e81b8ca3-6f01-4432-8398-067f62ac1050
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712833.0
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2023-12-12 00:00:00 UTC
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Why Lucid Group Stock Just Dropped 9%
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DCOMP
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https://www.nasdaq.com/articles/why-lucid-group-stock-just-dropped-9
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Electric-car company Lucid Group (NASDAQ: LCID) announced this morning that its chief financial officer Sherry House is resigning, effective immediately. Lucid stock fell 9% -- also immediately -- through 10:30 a.m. ET Tuesday morning.
So long, CFO
Investors are probably right to be concerned. On the one hand, Lucid did its best to frame the CFO's departure in the best possible light in its press release. It included a quote from Ms. House expressing "confiden[ce] in Lucid's future," alongside a note from CEO Peter Rawlinson highlighting House's role in "Lucid's public listing in 2021, the production and delivery of Lucid Air, and the recent unveiling of Lucid Gravity." He implied that now that these tasks have been accomplished, House's work at Lucid is drawing to a sort of natural conclusion.
The company also noted that House "will be available in an advisory role through December 31, 2023 to assist in the transition of her duties," while Principal Accounting Officer Gagan Dhingra steps into the role of interim CFO.
On the other hand, 19 days is not a very long transition period, and being "available" doesn't have quite the same ring to it as confirming that House will continue working with Lucid during the transition period. To the contrary, the departure actually seems abrupt: (1) It's effective immediately; (2) Lucid clearly didn't have another CFO candidate lined up to take over before this happened; and (3) The explanation for the departure was vague ("to pursue other opportunities").
Is Lucid stock a sell?
Plus, let's not ignore the elephant in the room: Lucid's finances, for which House will no longer be responsible, aren't looking in great shape.
This electric-car company has never earned money (and is still unprofitable today, losing $2.6 billion over the last 12 months). It's burning cash even faster than it loses money -- $3.6 billion in negative free cash flow over the last 12 months. And let's not forget that Lucid has only $2 billion net of cash on its balance sheet.
In addition, Lucid just finished cutting production guidance for the second time this year to a range of from 8,000 to 8,500 automobiles -- barely half the high end of its guidance at the start of the year. This was an intentional cut "to prudently align [production] with deliveries," which suggests demand for Lucid EVs isn't exactly red hot right now -- and there's no point making EVs that no one wants to buy.
Things aren't going great for Lucid, and that may be the real reason its CFO is jumping ship.
Should you invest $1,000 in Lucid Group right now?
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*Stock Advisor returns as of December 11, 2023
Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Electric-car company Lucid Group (NASDAQ: LCID) announced this morning that its chief financial officer Sherry House is resigning, effective immediately. He implied that now that these tasks have been accomplished, House's work at Lucid is drawing to a sort of natural conclusion. Plus, let's not ignore the elephant in the room: Lucid's finances, for which House will no longer be responsible, aren't looking in great shape.
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Electric-car company Lucid Group (NASDAQ: LCID) announced this morning that its chief financial officer Sherry House is resigning, effective immediately. Before you buy stock in Lucid Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Lucid Group wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Rich Smith has no position in any of the stocks mentioned.
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It included a quote from Ms. House expressing "confiden[ce] in Lucid's future," alongside a note from CEO Peter Rawlinson highlighting House's role in "Lucid's public listing in 2021, the production and delivery of Lucid Air, and the recent unveiling of Lucid Gravity." Before you buy stock in Lucid Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Lucid Group wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Rich Smith has no position in any of the stocks mentioned.
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Electric-car company Lucid Group (NASDAQ: LCID) announced this morning that its chief financial officer Sherry House is resigning, effective immediately. Before you buy stock in Lucid Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Lucid Group wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Rich Smith has no position in any of the stocks mentioned.
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df3d4d8c-fa24-4c3a-908c-a13db6e2c6b7
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712834.0
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2023-12-12 00:00:00 UTC
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Barrick (GOLD) Gears Up for Porgera Gold Mine Production Restart
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DCOMP
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https://www.nasdaq.com/articles/barrick-gold-gears-up-for-porgera-gold-mine-production-restart
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nan
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nan
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Barrick Gold Corporation GOLD announced that the Porgera mine in Papua New Guinea (PNG) is slated to recommence operations later this month, with gold pouring anticipated to begin in the first quarter of 2024. This development comes after the fulfillment of conditions outlined in the Porgera Project Commencement Agreement, which involved establishing a new ownership structure.
Barrick emphasized the reopening as a triumph for its host-country partnership model, proven successful in Tanzania and adopted for the Reko Diq copper and gold project in Pakistan. Barrick expressed optimism about steering the Porgera mine back to world-class production, potentially joining Barrick's Tier One gold mine portfolio, the industry's largest.
Under the new ownership structure, New Porgera is jointly owned, with PNG stakeholders — including local landowners and the Enga provincial government — holding a 51% equity stake. Barrick Niugini Limited (BNL), a joint venture between Barrick and China's Zijin, owns the remaining 49% and will operate the mine. PNG shareholders are set to receive 53% of Porgera's overall economic benefits, which are expected to surpass $7 billion over the projected 20-year life of the mine, assuming a gold price of $1,800 per ounce.
During the PNG Resources & Energy Investment Conference in Sydney, Australia, prime minister James Marape celebrated the revival of Porgera as a significant contributor to the country's economy. This partnership structure grants PNG stakeholders a majority interest in a crucial resource for the first time.
Barrick’s shares have lost 4.5% in the past year against a 0.4% rise of the industry.
Image Source: Zacks Investment Research
The company’s adjusted earnings per share in the third quarter of 24 cents beat the Zacks Consensus Estimate of 21 cents. It recorded total sales of $2,862 million in the quarter, up 13% year over year. The figure missed the Zacks Consensus Estimate of $2,998.8 million.
For 2023, Barrick anticipates attributable gold production to be modestly below the bottom end of its earlier announced guidance of 4.2-4.6 million ounces.
Barrick Gold Corporation Price and Consensus
Barrick Gold Corporation price-consensus-chart | Barrick Gold Corporation Quote
Zacks Rank & Key Picks
Barrick currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Basic Materials space are Axalta Coating Systems Ltd. AXTA, sporting a Zacks Rank #1 (Strong Buy), and Hawkins, Inc HWKN and Alamos Gold Inc. AGI, each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The consensus estimate for AXTA’s current-year earnings is pegged at $1.58, indicating year-over-year growth of 6.8%. AXTA beat the Zacks Consensus Estimate in three of the last four quarters and missed one, with the average earnings surprise being 6.7%. The company’s shares have increased 24.1% in the past year.
The Zacks Consensus Estimate for HWKN’s current-year earnings has been revised upward by 1.8% in the past 60 days. HWKN beat the Zacks Consensus Estimate in each of the last four quarters. It delivered a trailing four-quarter earnings surprise of 27.5% on average. The stock has rallied around 58.9% in a year.
The consensus estimate for Alamos’ current fiscal year earnings is pegged at 53 cents, indicating a year-over-year surge of 89.3%. AGI beat the Zacks Consensus Estimate in all of the last four quarters, with the average earnings surprise being 25.6%. The company’s shares have surged 34.1% 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
Barrick Gold Corporation (GOLD) : Free Stock Analysis Report
Alamos Gold Inc. (AGI) : Free Stock Analysis Report
Axalta Coating Systems Ltd. (AXTA) : Free Stock Analysis Report
Hawkins, Inc. (HWKN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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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Barrick emphasized the reopening as a triumph for its host-country partnership model, proven successful in Tanzania and adopted for the Reko Diq copper and gold project in Pakistan. PNG shareholders are set to receive 53% of Porgera's overall economic benefits, which are expected to surpass $7 billion over the projected 20-year life of the mine, assuming a gold price of $1,800 per ounce. During the PNG Resources & Energy Investment Conference in Sydney, Australia, prime minister James Marape celebrated the revival of Porgera as a significant contributor to the country's economy.
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Barrick Gold Corporation Price and Consensus Barrick Gold Corporation price-consensus-chart | Barrick Gold Corporation Quote Zacks Rank & Key Picks Barrick currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the Basic Materials space are Axalta Coating Systems Ltd. AXTA, sporting a Zacks Rank #1 (Strong Buy), and Hawkins, Inc HWKN and Alamos Gold Inc. AGI, each carrying a Zacks Rank #2 (Buy). Click to get this free report Barrick Gold Corporation (GOLD) : Free Stock Analysis Report Alamos Gold Inc. (AGI) : Free Stock Analysis Report Axalta Coating Systems Ltd. (AXTA) : Free Stock Analysis Report Hawkins, Inc. (HWKN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Image Source: Zacks Investment Research The company’s adjusted earnings per share in the third quarter of 24 cents beat the Zacks Consensus Estimate of 21 cents. Barrick Gold Corporation Price and Consensus Barrick Gold Corporation price-consensus-chart | Barrick Gold Corporation Quote Zacks Rank & Key Picks Barrick currently carries a Zacks Rank #3 (Hold). Click to get this free report Barrick Gold Corporation (GOLD) : Free Stock Analysis Report Alamos Gold Inc. (AGI) : Free Stock Analysis Report Axalta Coating Systems Ltd. (AXTA) : Free Stock Analysis Report Hawkins, Inc. (HWKN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Under the new ownership structure, New Porgera is jointly owned, with PNG stakeholders — including local landowners and the Enga provincial government — holding a 51% equity stake. Image Source: Zacks Investment Research The company’s adjusted earnings per share in the third quarter of 24 cents beat the Zacks Consensus Estimate of 21 cents. Barrick Gold Corporation Price and Consensus Barrick Gold Corporation price-consensus-chart | Barrick Gold Corporation Quote Zacks Rank & Key Picks Barrick currently carries a Zacks Rank #3 (Hold).
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0e5a1b0c-10ba-4c0e-8013-210740a3d5eb
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712835.0
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2023-12-12 00:00:00 UTC
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Unveiling Darden Restaurants (DRI) Q2 Outlook: Wall Street Estimates for Key Metrics
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DCOMP
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https://www.nasdaq.com/articles/unveiling-darden-restaurants-dri-q2-outlook%3A-wall-street-estimates-for-key-metrics
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Wall Street analysts expect Darden Restaurants (DRI) to post quarterly earnings of $1.70 per share in its upcoming report, which indicates a year-over-year increase of 11.8%. Revenues are expected to be $2.74 billion, up 10.1% from the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
That said, let's delve into the average estimates of some Darden Restaurants metrics that Wall Street analysts commonly model and monitor.
The combined assessment of analysts suggests that 'Sales- Olive Garden' will likely reach $1.21 billion. The estimate indicates a year-over-year change of +2.7%.
The collective assessment of analysts points to an estimated 'Sales- Other Business' of $532.54 million. The estimate indicates a year-over-year change of +5%.
Analysts expect 'Sales- Fine Dining' to come in at $353.25 million. The estimate suggests a change of +74.9% year over year.
Analysts' assessment points toward 'Sales- LongHorn Steakhouse' reaching $638.04 million. The estimate indicates a change of +6.3% from the prior-year quarter.
It is projected by analysts that the 'Same-restaurant sales - LongHorn Steakhouse - YoY change' will reach 4.5%. Compared to the present estimate, the company reported 7.3% in the same quarter last year.
Based on the collective assessment of analysts, 'Same-restaurant sales - Olive Garden - YoY change' should arrive at 2.3%. The estimate is in contrast to the year-ago figure of 7.6%.
According to the collective judgment of analysts, 'Company-owned restaurants - Olive Garden' should come in at 910. Compared to the present estimate, the company reported 890 in the same quarter last year.
Analysts forecast 'Same-restaurant sales - Consolidated - YoY change' to reach 2.4%. Compared to the present estimate, the company reported 7.3% in the same quarter last year.
The average prediction of analysts places 'Company-owned restaurants - LongHorn Steakhouse' at 566. The estimate is in contrast to the year-ago figure of 553.
The consensus estimate for 'Company-owned restaurants - Total' stands at 2,016. The estimate is in contrast to the year-ago figure of 1,887.
The consensus among analysts is that 'Same-restaurant sales - Other Business - YoY change' will reach 1.8%. Compared to the present estimate, the company reported 7.1% in the same quarter last year.
Analysts predict that the 'Same-restaurant sales - Fine Dining - YoY change' will reach -0.8%. Compared to the present estimate, the company reported 5.9% in the same quarter last year.
View all Key Company Metrics for Darden Restaurants here>>>
Shares of Darden Restaurants have demonstrated returns of +6.6% over the past month compared to the Zacks S&P 500 composite's +4.9% change. With a Zacks Rank #3 (Hold), DRI is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Darden Restaurants, Inc. (DRI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Wall Street analysts expect Darden Restaurants (DRI) to post quarterly earnings of $1.70 per share in its upcoming report, which indicates a year-over-year increase of 11.8%. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock. While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
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While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights. That said, let's delve into the average estimates of some Darden Restaurants metrics that Wall Street analysts commonly model and monitor. Based on the collective assessment of analysts, 'Same-restaurant sales - Olive Garden - YoY change' should arrive at 2.3%.
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Compared to the present estimate, the company reported 7.3% in the same quarter last year. Compared to the present estimate, the company reported 890 in the same quarter last year.
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Wall Street analysts expect Darden Restaurants (DRI) to post quarterly earnings of $1.70 per share in its upcoming report, which indicates a year-over-year increase of 11.8%. Revenues are expected to be $2.74 billion, up 10.1% from the year-ago quarter. The consensus among analysts is that 'Same-restaurant sales - Other Business - YoY change' will reach 1.8%.
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0276552a-45c4-4d8b-8fda-2f4ebfe587d3
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712836.0
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2023-12-12 00:00:00 UTC
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Top Stock Reports for Home Depot, Advanced Micro Devices & Pfizer
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https://www.nasdaq.com/articles/top-stock-reports-for-home-depot-advanced-micro-devices-pfizer
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Tuesday, December 12, 2023
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including The Home Depot, Inc. (HD), Advanced Micro Devices, Inc. (AMD) and Pfizer Inc. (PFE). 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 >>>
Home Depot shares have done modestly better than rival Lowe's this year (+5.7% vs. +4.1%), but both have lagged the S&P 500 index's +21% gain in the year-to-date period.
The Zacks analyst believes that the “One Home Depot” investment plan, which focuses on expanding supply chain facilities and technological enhancement to the digital experience have been a major aid. Also, the closely connected retail strategy and underlying technology infrastructure have boosted web traffic.
Yet, a decrease in lumber prices and pressures in several big-ticket discretionary categories have pressured the company’s top and bottom line.
(You can read the full research report on Home Depot here >>>)
Advanced Micro Devices shares have outperformed the Zacks Electronics - Semiconductors industry over the past year (+87.6% vs. +47.0%). The Zacks analyst believes that strong adoption of Ryzen and fourth-gen EPYC CPU have been driving the company’s data center and client revenues.
However, weak Gaming and embedded revenues have weigh down on the company. Gaming declined due to lower semi-custom revenues, while the embedded segment suffered from lower performance in the communications market.
(You can read the full research report on Advanced Micro Devices here >>>)
Shares of Pfizer have underperformed the Zacks Large Cap Pharmaceuticals industry over the past year (-46.1% vs. +3.7%). Per the Zacks analyst, there are concerns about the company’s growth drivers beyond its COVID related products because of stiff competition. Also, Comirnaty vaccine and Paxlovid oral pill, two of its flagship COVID-19 products have witnessed low demand.
However, new launches like Abrysvo, Velsipity, Penbraya, Zavzpret and new acquisitions provide sufficient diversification in its product portfolio currently. Huge profits from its COVID products have strengthened its cash position, which is being used to make such acquisitions, increase dividends, buy back shares and reduce debt.
(You can read the full research report on Pfizer here >>>)
Other noteworthy reports we are featuring today include The Cigna Group (CI), MPLX LP (MPLX) and Live Nation Entertainment, Inc. (LYV).
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
Home Depot's (HD) Interconnected Strategy to Boost Sales
AMD Rides on Strong Adoption of EPYC & Ryzen Processors
Pfizer's (PFE) New Products Can Drive Long Term Sales Growth
Featured Reports
QIAGEN (QGEN) Rides on Growth Pillars, Macro Woes Stay
The Zacks analyst is impressed with QIAGEN gaining from its key pillars of growth, including the Sample technologies, QuantiFERON and the QIAcuity digital PCR system. Yet, macro woes are a worry.
MPLX Poised to Gain From Growing Midstream Asset Demand
Per the Zacks analyst, MPLX is well-poised to capitalize on the growing demand for midstream assets to support increasing volumes of crude oil, gas and NGLs in the prolific U.S. shale plays.
Fire & Safety Segment to Drive IDEX (IEX), High Costs Ail
Per the Zacks analyst, IDEX will benefit from strength in Fire & Safety/Diversified Products segment, led by strong momentum in the fire and rescue businesses. However, high costs remain concerning.
Qorvo (QRVO) Poised to Benefit from Solid Growth Dynamics
Per the Zacks analyst, Qorvo is likely to benefit from healthy demand trends driven by the accelerated 5G deployment, increasing adoption of ultra-wideband and the transition to Wi-Fi 6E and Wi-Fi 7.
Cigna (CI) Benefits from Growing Membership, High Costs Hurt
Per the Zacks analyst, Cigna gains from improving membership and solid performances of Evernorth Health Services and Cigna Healthcare businesses. However, rising costs are a concern.
Recurring Revenues Benefit Navient (NAVI), Low Liquidity Ails
Per the Zacks analyst, Navient's position as a leading student-loan provider and recurring revenue business model aid its top-line growth. Yet, limited growth opportunities and low liquidity are woes.
Light & Wonder (LNW) Rides on Holistic Growth Strategy
Per the Zacks analyst, Light & Wonder is likely to gain from the holistic growth strategy to expand in high-return markets and strategic adjacencies that generate strong long-term cash-based returns.
New Upgrades
Solid International Footprint Aid JAKKS Pacific (JAKK)
Per the Zacks analyst, JAKKS Pacific's solid international footprint, strategic acquisitions, focus on innovation and collaborations with popular brands and movie franchisees bode well.
Robust Ticket Sales Boosts Live Nation's (LYV) Prospects
Per the Zacks analyst, Live Nation is likely to benefit from pent-up demand for live events, solid ticket sales and sponsorship business. Also, focus on strengthening of client base bodes well.
Gap's (GPS) Power Plan 2023 & Cost-Control Efforts Bode Well
Per Zacks analyst, Gap's Power Plan 2023 strategy is encouraging, which focuses on opening Old Navy and Athleta stores while closing Gap and Banana Republic stores. Its cost savings also bode well.
New Downgrades
Air Transport Services (ATSG) Sees Soft Airfreight Demand
The Zacks analyst is worried about the weakness in demand for cargo aircraft. High operating expenses represent another headwind.
Weak Demand Hurts Microchip's (MCHP) Top-Line Prospects
Per the Zacks analyst, Microchip is suffering weakening demand and challenging macroeconomic environment. Persistent inflation and high-interest rates hurt prospects.
Foreign Currency Risks & Poor Demand Ail SolarEdge (SEDG)
Per the Zacks analyst SolarEdge's performance will be adversely impacted by weak demand in the United States and Europe. Foreign currency exchange risks exposure can impact company's profitability.
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
Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report
Pfizer Inc. (PFE) : Free Stock Analysis Report
The Home Depot, Inc. (HD) : Free Stock Analysis Report
Cigna Group (CI) : Free Stock Analysis Report
Live Nation Entertainment, Inc. (LYV) : Free Stock Analysis Report
MPLX LP (MPLX) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Zacks analyst believes that the “One Home Depot” investment plan, which focuses on expanding supply chain facilities and technological enhancement to the digital experience have been a major aid. (You can read the full research report on Home Depot here >>>) Advanced Micro Devices shares have outperformed the Zacks Electronics - Semiconductors industry over the past year (+87.6% vs. +47.0%). (You can read the full research report on Advanced Micro Devices here >>>) Shares of Pfizer have underperformed the Zacks Large Cap Pharmaceuticals industry over the past year (-46.1% vs. +3.7%).
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If you want an email notification each time Sheraz publishes a new article, please click here>>> Today's Must Read Home Depot's (HD) Interconnected Strategy to Boost Sales AMD Rides on Strong Adoption of EPYC & Ryzen Processors Pfizer's (PFE) New Products Can Drive Long Term Sales Growth Featured Reports QIAGEN (QGEN) Rides on Growth Pillars, Macro Woes Stay The Zacks analyst is impressed with QIAGEN gaining from its key pillars of growth, including the Sample technologies, QuantiFERON and the QIAcuity digital PCR system. New Upgrades Solid International Footprint Aid JAKKS Pacific (JAKK) Per the Zacks analyst, JAKKS Pacific's solid international footprint, strategic acquisitions, focus on innovation and collaborations with popular brands and movie franchisees bode well. Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Pfizer Inc. (PFE) : Free Stock Analysis Report The Home Depot, Inc. (HD) : Free Stock Analysis Report Cigna Group (CI) : Free Stock Analysis Report Live Nation Entertainment, Inc. (LYV) : Free Stock Analysis Report MPLX LP (MPLX) : 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 Home Depot's (HD) Interconnected Strategy to Boost Sales AMD Rides on Strong Adoption of EPYC & Ryzen Processors Pfizer's (PFE) New Products Can Drive Long Term Sales Growth Featured Reports QIAGEN (QGEN) Rides on Growth Pillars, Macro Woes Stay The Zacks analyst is impressed with QIAGEN gaining from its key pillars of growth, including the Sample technologies, QuantiFERON and the QIAcuity digital PCR system. Cigna (CI) Benefits from Growing Membership, High Costs Hurt Per the Zacks analyst, Cigna gains from improving membership and solid performances of Evernorth Health Services and Cigna Healthcare businesses. Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Pfizer Inc. (PFE) : Free Stock Analysis Report The Home Depot, Inc. (HD) : Free Stock Analysis Report Cigna Group (CI) : Free Stock Analysis Report Live Nation Entertainment, Inc. (LYV) : Free Stock Analysis Report MPLX LP (MPLX) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Today's Research Daily features new research reports on 16 major stocks, including The Home Depot, Inc. (HD), Advanced Micro Devices, Inc. (AMD) and Pfizer Inc. (PFE). However, high costs remain concerning. Want the latest recommendations from Zacks Investment Research?
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712837.0
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2023-12-12 00:00:00 UTC
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Floor & Decor (FND) Unveils 7th Store in DMV Metropolitan Area
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https://www.nasdaq.com/articles/floor-decor-fnd-unveils-7th-store-in-dmv-metropolitan-area
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Floor & Decor Holdings, Inc. FND expands its presence with the opening of its new location in Manassas, VA. This marks the company’s seventh store in the DMV Metropolitan Area.
Situated at 8200 Sudley Road, the warehouse store and design center are set to open with a team of around 50 full-time and part-time associates. John Morales, the chief executive merchant, will lead the store. The company remains in in this regard and looks forward to welcoming its newest neighbors into the store and making their renovation journeys easier, inspired and more affordable.
For more than two decades, Floor & Decor served professionals and homeowners nationwide. The company stands among Fortune's 100 fastest-growing companies. It was honored on Yelp’s “Most Loved Brands” list in April 2023, recognizing it as one of the most loved brands on the consumer reviews platform.
Focus on Expansion
Shares of FND have rallied 44.9% in the year-to-date period compared with the industry’s rise of 12%. The company strategically invests in expanding its operations by enhancing existing stores, opening new ones and making accretive acquisitions. These efforts allow the company to broaden its reach to new communities and boost its growth momentum.
Image Source: Zacks Investment Research
In the first nine months of 2023, the company opened 22 new warehouse stores with a total third quarter-end count of 207 warehouse stores and five design studios. It plans to open about 32 warehouse-format stores in fiscal 2023.
Along with store expansion, FND is committed to investing in associates and remodeling and enhancing existing stores. In the third quarter of 2023, the company closed an older warehouse store in Houston, strategically replacing stores in the surrounding market as the lease expired.
For 2024, the company anticipates continuing its New York expansion with a new warehouse store in Brooklyn. By focusing on elevating customer services, investing in new and existing stores and managing profitability efficiently, the company has been able to survive in this uncertain economy.
Zacks Rank & Key Picks
Floor & Decor currently sports a Zacks Rank #5 (Strong Sell).
Some better-ranked stocks from the Zacks Construction sector are:
EMCOR Group, Inc. EME sports a Zacks Rank #1 (Strong Buy). It has a trailing four-quarter earnings surprise of 25%, on average. Shares of EME have surged 45.5% in the past year. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for EME’s 2023 sales and earnings per share (EPS) suggests growth of 12% and 52.8%, respectively, from the year-ago period’s levels.
M-tron Industries, Inc. MPTI currently sports a Zacks Rank of 1. MPTI delivered a trailing four-quarter earnings surprise of 35.6%, on average. It has surged 297.6% in the past year.
The Zacks Consensus Estimate for MPTI’s 2023 sales and EPS indicates growth of 30.6% and 156.7%, respectively, from the previous year.
AECOM ACM carries a Zacks Rank of #2 (Buy). It has a trailing four-quarter earnings surprise of 2.1%, on average. Shares of ACM have surged 7.4% in the past year.
The Zacks Consensus Estimate for ACM’s 2024 sales and EPS indicates an increase of 4.5% and 17.5%, respectively, from the year-ago period’s levels.
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
AECOM (ACM) : Free Stock Analysis Report
EMCOR Group, Inc. (EME) : Free Stock Analysis Report
Floor & Decor Holdings, Inc. (FND) : Free Stock Analysis Report
M-tron Industries, Inc. (MPTI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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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Situated at 8200 Sudley Road, the warehouse store and design center are set to open with a team of around 50 full-time and part-time associates. The company remains in in this regard and looks forward to welcoming its newest neighbors into the store and making their renovation journeys easier, inspired and more affordable. By focusing on elevating customer services, investing in new and existing stores and managing profitability efficiently, the company has been able to survive in this uncertain economy.
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EMCOR Group, Inc. EME sports a Zacks Rank #1 (Strong Buy). The Zacks Consensus Estimate for EME’s 2023 sales and earnings per share (EPS) suggests growth of 12% and 52.8%, respectively, from the year-ago period’s levels. Click to get this free report AECOM (ACM) : Free Stock Analysis Report EMCOR Group, Inc. (EME) : Free Stock Analysis Report Floor & Decor Holdings, Inc. (FND) : Free Stock Analysis Report M-tron Industries, Inc. (MPTI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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In the first nine months of 2023, the company opened 22 new warehouse stores with a total third quarter-end count of 207 warehouse stores and five design studios. Zacks Rank & Key Picks Floor & Decor currently sports a Zacks Rank #5 (Strong Sell). Click to get this free report AECOM (ACM) : Free Stock Analysis Report EMCOR Group, Inc. (EME) : Free Stock Analysis Report Floor & Decor Holdings, Inc. (FND) : Free Stock Analysis Report M-tron Industries, Inc. (MPTI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The company strategically invests in expanding its operations by enhancing existing stores, opening new ones and making accretive acquisitions. You can see the complete list of today’s Zacks #1 Rank stocks here. The Zacks Consensus Estimate for MPTI’s 2023 sales and EPS indicates growth of 30.6% and 156.7%, respectively, from the previous year.
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2023-12-12 00:00:00 UTC
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Azul Q3 Loss Wider Than Expected, Revenues Surpass Estimates
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https://www.nasdaq.com/articles/azul-q3-loss-wider-than-expected-revenues-surpass-estimates
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Azul S.A. (AZUL) incurred a loss of 64 cents per share in the third quarter of 2023, wider than the Zacks Consensus Estimate of a loss of 38 cents. Loss per share was 72 cents in the third quarter of 2022.
Total revenues of $1,007 million surpassed the Zacks Consensus Estimate of $995 million and increased year over year due to an improvement in air-travel demand. With more people taking to the skies, Azul’s passenger revenues, contributing 93.1% to the top line, increased 12.4% year over year (on higher total capacity). Cargo and other revenues grew 11.5% year over year.
AZUL Price, Consensus and EPS Surprise
AZUL price-consensus-eps-surprise-chart | AZUL Quote
Operating Statistics
Consolidated traffic, measured in revenue passenger kilometers (RPKs), rose 12% (up 4.2% in domestic and 45.8% on the international front) year over year. Consolidated available seat kilometers (ASK), measuring an airline's passenger-carrying capacity, increased 11.5% from the year-ago quarter, with a 4.2% rise in domestic capacity and a 46.2% increase in international capacity. Since traffic surge outpaced the amount of capacity expansion, the load factor (percentage of seats filled with passengers) grew 0.4 percentage points to 82.2%.
Azul’s total revenues per ASK or RASK rose 0.7% and passenger revenues per ASK or PRASK increased 0.8% year over year.
Cost per ASK (CASK) decreased 10.7% from the second quarter of 2022 reported figure to 34.27cents. Fuel cost per liter decreased 33% from third-quarter 2022. CASK, excluding fuel, grew 12% to 22.43 cents due to the company’s cost reduction initiatives and productivitygains.
Average fare increased 5.3% from the third quarter of 2022.
Liquidity
Azul exited the third quarter with total liquidity of R$6.7billion. Gross debt increased 8% year over year.
Currently, Azul carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performances of Other Transportation Companies
J.B. Hunt Transport Services, Inc.’s JBHT third-quarter 2023 earnings per share (EPS) of $1.80 missed the Zacks Consensus Estimate of $1.85 and declined 30% year over year.
JBHT’s total operating revenues of $3,163.8 million also lagged the Zacks Consensus Estimate of $3,224 million and fell 18% year over year. Total operating revenues, excluding fuel surcharges, decreased 15% year over year.
Delta Air Lines, Inc. (DAL) reported third-quarter 2023 EPS (excluding 31 cents from nonrecurring items) of $2.03, which comfortably beat the Zacks Consensus Estimate of $1.92 and improved 35% on a year-over-year basis.
DAL’s revenues of $15,488 million beat the Zacks Consensus Estimate of $15,290.4 million and increased 11% on a year-over-year basis, driven by higher air-travel demand.
Alaska Air Group, Inc. ALK reported third-quarter 2023 EPS of $1.83, which missed the Zacks Consensus Estimate of $1.88 and declined 28% year over year.
Operating revenues of $2,839 million missed the Zacks Consensus Estimate of $2,876.1 million. The top line jumped 0.4% year over year, with passenger revenues accounting for 92.2% of the top line and increasing 0.1% owing to continued recovery in air-travel demand.
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
J.B. Hunt Transport Services, Inc. (JBHT) : Free Stock Analysis Report
Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report
AZUL (AZUL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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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CASK, excluding fuel, grew 12% to 22.43 cents due to the company’s cost reduction initiatives and productivitygains. Delta Air Lines, Inc. (DAL) reported third-quarter 2023 EPS (excluding 31 cents from nonrecurring items) of $2.03, which comfortably beat the Zacks Consensus Estimate of $1.92 and improved 35% on a year-over-year basis. 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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AZUL Price, Consensus and EPS Surprise AZUL price-consensus-eps-surprise-chart | AZUL Quote Operating Statistics Consolidated traffic, measured in revenue passenger kilometers (RPKs), rose 12% (up 4.2% in domestic and 45.8% on the international front) year over year. Performances of Other Transportation Companies J.B. Hunt Transport Services, Inc.’s JBHT third-quarter 2023 earnings per share (EPS) of $1.80 missed the Zacks Consensus Estimate of $1.85 and declined 30% year over year. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report J.B. Hunt Transport Services, Inc. (JBHT) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report AZUL (AZUL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Total revenues of $1,007 million surpassed the Zacks Consensus Estimate of $995 million and increased year over year due to an improvement in air-travel demand. AZUL Price, Consensus and EPS Surprise AZUL price-consensus-eps-surprise-chart | AZUL Quote Operating Statistics Consolidated traffic, measured in revenue passenger kilometers (RPKs), rose 12% (up 4.2% in domestic and 45.8% on the international front) year over year. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report J.B. Hunt Transport Services, Inc. (JBHT) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report AZUL (AZUL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Cost per ASK (CASK) decreased 10.7% from the second quarter of 2022 reported figure to 34.27cents. Total operating revenues, excluding fuel surcharges, decreased 15% year over year. Alaska Air Group, Inc. ALK reported third-quarter 2023 EPS of $1.83, which missed the Zacks Consensus Estimate of $1.88 and declined 28% year over year.
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712839.0
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2023-12-12 00:00:00 UTC
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Why Constellation Brands (STZ) is Poised to Beat Earnings Estimates Again
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https://www.nasdaq.com/articles/why-constellation-brands-stz-is-poised-to-beat-earnings-estimates-again
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Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Constellation Brands (STZ), which belongs to the Zacks Beverages - Alcohol industry, could be a great candidate to consider.
This wine, liquor and beer company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 6.15%.
For the most recent quarter, Constellation Brands was expected to post earnings of $3.38 per share, but it reported $3.70 per share instead, representing a surprise of 9.47%. For the previous quarter, the consensus estimate was $2.83 per share, while it actually produced $2.91 per share, a surprise of 2.83%.
Thanks in part to this history, there has been a favorable change in earnings estimates for Constellation Brands lately. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. 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.
Constellation Brands currently has an Earnings ESP of +0.25%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #3 (Hold) indicates that another beat is possibly around the corner. We expect the company's next earnings report to be released on January 5, 2024.
With the Earnings ESP metric, it's important to note that a negative value reduces its predictive power; however, a negative Earnings ESP does not indicate an earnings miss.
Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Constellation Brands Inc (STZ) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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 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. This positive Earnings ESP when combined with the stock's Zacks Rank #3 (Hold) indicates that another beat is possibly around the corner. 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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In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change.
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In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change.
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For the most recent quarter, Constellation Brands was expected to post earnings of $3.38 per share, but it reported $3.70 per share instead, representing a surprise of 9.47%. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. We expect the company's next earnings report to be released on January 5, 2024.
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ed6fbecf-c98d-4a32-a556-d23b00b4f6cd
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712840.0
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2023-12-12 00:00:00 UTC
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Victory Capital (VCTR) November AUM Increases 7.2% to $159.6B
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DCOMP
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https://www.nasdaq.com/articles/victory-capital-vctr-november-aum-increases-7.2-to-%24159.6b
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Victory Capital Holdings VCTR reported assets under management (AUM) of $159.6 billion for November 2023. This reflected a 7.2% rise from $148.89 billion reported as of Oct 31, 2023.
By asset classes, at the end of November, VCTR’s U.S. Mid Cap Equity AUM rose 7.7% from the October level to $29.05 billion. The U.S. Small Cap Equity AUM of $14.59 billion grew 6.9%. Further, the U.S. Large Cap Equity AUM increased 8.1% to $12.19 billion. The Global/Non-U.S. Equity AUM rose 11.5% to $16.14 billion.
Also, Victory Capital recorded $57 billion in Solutions, up 7.8% from October 2023. Fixed Income AUM was $23.99 billion, which increased 3.2% from the prior month. The Alternative Investment asset balance inched up 5.4% on a sequential basis to $3.37 billion. Money Market/Short-Term assets rose 1.6% from October 2023 to $3.27 billion.
The sound positioning of VCTR's integrated multi-boutique business model in a rapidly evolving industry and the effectiveness of the distribution platform are likely to support its performance in the coming days.
Shares of VCTR have gained 1.2% over the past six months compared with the industry's growth of 10.6%.
Image Source: Zacks Investment Research
Currently, Victory Capital carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Competitive Landscape
WisdomTree, Inc. WT reported a total AUM of $98.15 billion as of Nov 30, 2023, which reflected a 4.5% increase from the prior-month level. The rise was primarily due to the impacts of a favorable market move that totaled $4.29 billion.
During November, WT recorded inflows from the U.S. equity, international developed market equity, emerging market equity, cryptocurrency, alternatives and leveraged and inverse strategies of $85 million, $38 million, $148 million, $10 million, $13 million and $45 million, respectively.
Virtus Investment Partners, Inc. VRTS recorded a sequential rise of 6.2% in its preliminary AUM balance for November 2023 on the back of favorable market returns. The company reported a month-end AUM of $165.5 billion, which reflected a rise from the Oct 31, 2023 level of $155.8 million.
VRTS offered services to $2.6 billion of other fee-earning assets. This was excluded from the above-mentioned AUM balance.
4 Oil Stocks with Massive Upsides
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Virtus Investment Partners, Inc. (VRTS) : Free Stock Analysis Report
Victory Capital Holdings, Inc. (VCTR) : Free Stock Analysis Report
WisdomTree, Inc. (WT) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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 sound positioning of VCTR's integrated multi-boutique business model in a rapidly evolving industry and the effectiveness of the distribution platform are likely to support its performance in the coming days. Competitive Landscape WisdomTree, Inc. WT reported a total AUM of $98.15 billion as of Nov 30, 2023, which reflected a 4.5% increase from the prior-month level. Virtus Investment Partners, Inc. VRTS recorded a sequential rise of 6.2% in its preliminary AUM balance for November 2023 on the back of favorable market returns.
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Victory Capital Holdings VCTR reported assets under management (AUM) of $159.6 billion for November 2023. Virtus Investment Partners, Inc. VRTS recorded a sequential rise of 6.2% in its preliminary AUM balance for November 2023 on the back of favorable market returns. Click to get this free report Virtus Investment Partners, Inc. (VRTS) : Free Stock Analysis Report Victory Capital Holdings, Inc. (VCTR) : Free Stock Analysis Report WisdomTree, Inc. (WT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Victory Capital Holdings VCTR reported assets under management (AUM) of $159.6 billion for November 2023. During November, WT recorded inflows from the U.S. equity, international developed market equity, emerging market equity, cryptocurrency, alternatives and leveraged and inverse strategies of $85 million, $38 million, $148 million, $10 million, $13 million and $45 million, respectively. Click to get this free report Virtus Investment Partners, Inc. (VRTS) : Free Stock Analysis Report Victory Capital Holdings, Inc. (VCTR) : Free Stock Analysis Report WisdomTree, Inc. (WT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Victory Capital Holdings VCTR reported assets under management (AUM) of $159.6 billion for November 2023. Image Source: Zacks Investment Research Currently, Victory Capital carries a Zacks Rank #3 (Hold). 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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5b7a9bc9-e776-4596-881d-1b7d4af8808f
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712841.0
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2023-12-12 00:00:00 UTC
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Ex-Dividend Reminder: NorthWestern Energy Group, UGI and Thermo Fisher Scientific
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DCOMP
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https://www.nasdaq.com/articles/ex-dividend-reminder%3A-northwestern-energy-group-ugi-and-thermo-fisher-scientific
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Looking at the universe of stocks we cover at Dividend Channel, on 12/14/23, NorthWestern Energy Group Inc (Symbol: NWE), UGI Corp. (Symbol: UGI), and Thermo Fisher Scientific Inc (Symbol: TMO) will all trade ex-dividend for their respective upcoming dividends. NorthWestern Energy Group Inc will pay its quarterly dividend of $0.64 on 12/29/23, UGI Corp. will pay its quarterly dividend of $0.375 on 1/1/24, and Thermo Fisher Scientific Inc will pay its quarterly dividend of $0.35 on 1/16/24. As a percentage of NWE's recent stock price of $51.74, this dividend works out to approximately 1.24%, so look for shares of NorthWestern Energy Group Inc to trade 1.24% lower — all else being equal — when NWE shares open for trading on 12/14/23. Similarly, investors should look for UGI to open 1.65% lower in price and for TMO to open 0.07% lower, all else being equal.
When an S&P 1500 component reaches 20 years of dividend increases, it becomes a contender to join the elite "Dividend Aristocrats" index. NorthWestern Energy Group Inc (Symbol: NWE) is a "future dividend aristocrats contender," with 15+ years of increases.
Below are dividend history charts for NWE, UGI, and TMO, showing historical dividends prior to the most recent ones declared.
NorthWestern Energy Group Inc (Symbol: NWE):
UGI Corp. (Symbol: UGI):
Thermo Fisher Scientific Inc (Symbol: TMO):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 4.95% for NorthWestern Energy Group Inc, 6.61% for UGI Corp., and 0.28% for Thermo Fisher Scientific Inc.
In Tuesday trading, NorthWestern Energy Group Inc shares are currently off about 0.2%, UGI Corp. shares are down about 1%, and Thermo Fisher Scientific Inc shares are up about 1.1% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
Also see:
PDS market cap history
MDCA Price Target
Funds Holding ERTH
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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NorthWestern Energy Group Inc (Symbol: NWE) is a "future dividend aristocrats contender," with 15+ years of increases. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. If they do continue, the current estimated yields on annualized basis would be 4.95% for NorthWestern Energy Group Inc, 6.61% for UGI Corp., and 0.28% for Thermo Fisher Scientific Inc.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/14/23, NorthWestern Energy Group Inc (Symbol: NWE), UGI Corp. (Symbol: UGI), and Thermo Fisher Scientific Inc (Symbol: TMO) will all trade ex-dividend for their respective upcoming dividends. NorthWestern Energy Group Inc will pay its quarterly dividend of $0.64 on 12/29/23, UGI Corp. will pay its quarterly dividend of $0.375 on 1/1/24, and Thermo Fisher Scientific Inc will pay its quarterly dividend of $0.35 on 1/16/24. NorthWestern Energy Group Inc (Symbol: NWE): UGI Corp. (Symbol: UGI): Thermo Fisher Scientific Inc (Symbol: TMO): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/14/23, NorthWestern Energy Group Inc (Symbol: NWE), UGI Corp. (Symbol: UGI), and Thermo Fisher Scientific Inc (Symbol: TMO) will all trade ex-dividend for their respective upcoming dividends. NorthWestern Energy Group Inc will pay its quarterly dividend of $0.64 on 12/29/23, UGI Corp. will pay its quarterly dividend of $0.375 on 1/1/24, and Thermo Fisher Scientific Inc will pay its quarterly dividend of $0.35 on 1/16/24. NorthWestern Energy Group Inc (Symbol: NWE): UGI Corp. (Symbol: UGI): Thermo Fisher Scientific Inc (Symbol: TMO): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/14/23, NorthWestern Energy Group Inc (Symbol: NWE), UGI Corp. (Symbol: UGI), and Thermo Fisher Scientific Inc (Symbol: TMO) will all trade ex-dividend for their respective upcoming dividends. As a percentage of NWE's recent stock price of $51.74, this dividend works out to approximately 1.24%, so look for shares of NorthWestern Energy Group Inc to trade 1.24% lower — all else being equal — when NWE shares open for trading on 12/14/23. If they do continue, the current estimated yields on annualized basis would be 4.95% for NorthWestern Energy Group Inc, 6.61% for UGI Corp., and 0.28% for Thermo Fisher Scientific Inc.
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c2a72261-248e-4b92-adc2-da467ee8effb
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712842.0
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2023-12-12 00:00:00 UTC
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Why Eagle Bulk Shipping Stock Just Popped 12%
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DCOMP
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https://www.nasdaq.com/articles/why-eagle-bulk-shipping-stock-just-popped-12
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Shares of dry bulk shipper Eagle Bulk Shipping (NYSE: EGLE) are soaring this morning, up 11.6% through 11 a.m. ET, on news of a big merger. Last night, after close of trading on the NYSE, Eagle announced that it will merge its business with rival shipper Star Bulk Carriers (NASDAQ: SBLK).
Star Bulk stock, by the way, is up only 2.2%.
A new giant in shipping
The Baltic Dry Index (which tracks dry bulk shipping rates) hit a recent 18-month high of 3,192 earlier this month before retreating pell-mell to just 2,509 this morning -- a 22% drop over barely one week. This suggests the rally in dry bulk shipping rates could be nearing its end.
You might think this would make shippers nervous about making any big moves. But with fears of rough sailing in the offing, it appears these two shippers have decided, instead, that it's a good idea to get bigger more quickly to better weather the storm. The result will be a "global leader in dry bulk shipping" boasting a fleet of 169 ships, more than $1.4 billion in annual revenue, and a market capitalization of $2.1 billion.
What happens to Eagle Bulk Shipping next?
The companies plan to effect this result through a "merger" that looks more like an acquisition of Eagle Bulk by Star Bulk. The latter will trade 2.6211 of its shares for each Eagle Bulk share currently outstanding (for a purchase price of roughly $52.60, paid in stock). The companies hope to close the merger before the end of H1 2024.
Eighteen months post-acquisition, the companies hope to squeeze $50 million in annual costs out of their operations through "synergies." If they succeed in this -- and if prices for dry bulk shipping hold steady (which, admittedly, they never do) -- the net result of this could be to roughly double Eagle's current annual profit. This would generate a total net profit for the two combined companies of more than $300 million -- giving the combined company a price-to-earnings ratio (P/E) of about 7.
I have to admit -- that sounds pretty cheap. Still, the bigger question on most investors' minds is, what will happen to the companies' dividend payouts post-merger?
Currently, Eagle Bulk pays a healthy 3% dividend yield, while Star Bulk's dividend yield is downright generous at 7.9%. On that score, I have great news: Star Bulk notes that "following close, the combined company expects to maintain Star Bulk's current dividend policy."
No wonder Eagle Bulk investors are happy today!
Should you invest $1,000 in Eagle Bulk Shipping right now?
Before you buy stock in Eagle Bulk Shipping, 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 Eagle Bulk Shipping wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 11, 2023
Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Last night, after close of trading on the NYSE, Eagle announced that it will merge its business with rival shipper Star Bulk Carriers (NASDAQ: SBLK). Eighteen months post-acquisition, the companies hope to squeeze $50 million in annual costs out of their operations through "synergies." If they succeed in this -- and if prices for dry bulk shipping hold steady (which, admittedly, they never do) -- the net result of this could be to roughly double Eagle's current annual profit.
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Shares of dry bulk shipper Eagle Bulk Shipping (NYSE: EGLE) are soaring this morning, up 11.6% through 11 a.m. On that score, I have great news: Star Bulk notes that "following close, the combined company expects to maintain Star Bulk's current dividend policy." Before you buy stock in Eagle Bulk Shipping, 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 Eagle Bulk Shipping wasn't one of them.
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Shares of dry bulk shipper Eagle Bulk Shipping (NYSE: EGLE) are soaring this morning, up 11.6% through 11 a.m. On that score, I have great news: Star Bulk notes that "following close, the combined company expects to maintain Star Bulk's current dividend policy." Before you buy stock in Eagle Bulk Shipping, 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 Eagle Bulk Shipping wasn't one of them.
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Star Bulk stock, by the way, is up only 2.2%. What happens to Eagle Bulk Shipping next? Before you buy stock in Eagle Bulk Shipping, 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 Eagle Bulk Shipping wasn't one of them.
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972700c0-36aa-410a-81cf-b9c3c72c1b16
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712843.0
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2023-12-12 00:00:00 UTC
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Ex-Dividend Reminder: Gilead Sciences, CRH and Merck
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https://www.nasdaq.com/articles/ex-dividend-reminder%3A-gilead-sciences-crh-and-merck
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Looking at the universe of stocks we cover at Dividend Channel, on 12/14/23, Gilead Sciences Inc (Symbol: GILD), CRH plc (Symbol: CRH), and Merck & Co Inc (Symbol: MRK) will all trade ex-dividend for their respective upcoming dividends. Gilead Sciences Inc will pay its quarterly dividend of $0.75 on 12/28/23, CRH plc will pay its semi-annual dividend of $1.08 on 1/17/24, and Merck & Co Inc will pay its quarterly dividend of $0.77 on 1/8/24. As a percentage of GILD's recent stock price of $80.09, this dividend works out to approximately 0.94%, so look for shares of Gilead Sciences Inc to trade 0.94% lower — all else being equal — when GILD shares open for trading on 12/14/23. Similarly, investors should look for CRH to open 1.65% lower in price and for MRK to open 0.74% lower, all else being equal.
Below are dividend history charts for GILD, CRH, and MRK, showing historical dividends prior to the most recent ones declared.
Gilead Sciences Inc (Symbol: GILD):
CRH plc (Symbol: CRH):
Merck & Co Inc (Symbol: MRK):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 3.75% for Gilead Sciences Inc, 3.31% for CRH plc, and 2.95% for Merck & Co Inc.
Free Report: Top 8%+ Dividends (paid monthly)
In Tuesday trading, Gilead Sciences Inc shares are currently up about 1.4%, CRH plc shares are up about 0.6%, and Merck & Co Inc shares are up about 0.6% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
Also see:
Top Ten Hedge Funds Holding FINF
Top Ten Hedge Funds Holding ASG
Albemarle shares outstanding history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. If they do continue, the current estimated yields on annualized basis would be 3.75% for Gilead Sciences Inc, 3.31% for CRH plc, and 2.95% for Merck & Co Inc. Free Report: Top 8%+ Dividends (paid monthly) In Tuesday trading, Gilead Sciences Inc shares are currently up about 1.4%, CRH plc shares are up about 0.6%, and Merck & Co Inc shares are up about 0.6% on the day. dividend stocks should be on your radar screen » Also see: Top Ten Hedge Funds Holding FINF Top Ten Hedge Funds Holding ASG Albemarle shares outstanding history The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/14/23, Gilead Sciences Inc (Symbol: GILD), CRH plc (Symbol: CRH), and Merck & Co Inc (Symbol: MRK) will all trade ex-dividend for their respective upcoming dividends. Gilead Sciences Inc (Symbol: GILD): CRH plc (Symbol: CRH): Merck & Co Inc (Symbol: MRK): In general, dividends are not always predictable, following the ups and downs of company profits over time. dividend stocks should be on your radar screen » Also see: Top Ten Hedge Funds Holding FINF Top Ten Hedge Funds Holding ASG Albemarle shares outstanding history The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/14/23, Gilead Sciences Inc (Symbol: GILD), CRH plc (Symbol: CRH), and Merck & Co Inc (Symbol: MRK) will all trade ex-dividend for their respective upcoming dividends. Gilead Sciences Inc (Symbol: GILD): CRH plc (Symbol: CRH): Merck & Co Inc (Symbol: MRK): In general, dividends are not always predictable, following the ups and downs of company profits over time. If they do continue, the current estimated yields on annualized basis would be 3.75% for Gilead Sciences Inc, 3.31% for CRH plc, and 2.95% for Merck & Co Inc. Free Report: Top 8%+ Dividends (paid monthly) In Tuesday trading, Gilead Sciences Inc shares are currently up about 1.4%, CRH plc shares are up about 0.6%, and Merck & Co Inc shares are up about 0.6% on the day.
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Gilead Sciences Inc will pay its quarterly dividend of $0.75 on 12/28/23, CRH plc will pay its semi-annual dividend of $1.08 on 1/17/24, and Merck & Co Inc will pay its quarterly dividend of $0.77 on 1/8/24. As a percentage of GILD's recent stock price of $80.09, this dividend works out to approximately 0.94%, so look for shares of Gilead Sciences Inc to trade 0.94% lower — all else being equal — when GILD shares open for trading on 12/14/23. Gilead Sciences Inc (Symbol: GILD): CRH plc (Symbol: CRH): Merck & Co Inc (Symbol: MRK): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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6088f449-dd82-46ac-b4c5-44e85bfc0e1c
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712844.0
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2023-12-12 00:00:00 UTC
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Is ServiceNow Stock a Top Buy for 2024?
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DCOMP
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https://www.nasdaq.com/articles/is-servicenow-stock-a-top-buy-for-2024
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Someone forgot to tell ServiceNow (NYSE: NOW) that the cloud software industry has been slowing down in 2023. The digital transformation platform's revenue growth has actually been accelerating throughout the last year, and the stock has picked up steam as 2024 approaches. Shares of ServiceNow are up 80% in 2023 with just weeks left to go until the new year.
A high valuation has prevented many investors from pulling the trigger on buying this top cloud stock. After an epic run, is it still a top buy for 2024?
A next-gen platform for the future of work
ServiceNow provides numerous solutions for businesses to manage their workforce and customer experiences. Its platform spans digital workflow management tools, from AI that helps find bottlenecks that are slowing down the completion of tasks to cloud observability solutions that help with app performance.
ServiceNow landed on the radar of many investors this past summer after an expanded partnership was struck with Nvidia. ServiceNow said it would adopt Nvidia's latest and greatest AI systems to improve its own platform, and in turn, Nvidia would expand its use of ServiceNow in its own workflow management for developing more powerful chips and generative AI systems.
This type of AI used to automate more employee tasks is powering "digital transformation" among big customers. In a year like 2023 where cost-cutting has been a top priority in the corporate world, it's helped keep demand high for ServiceNow's software. And, after the bear market of 2022, the company's revenue growth has been ratcheting up again.
PERIOD
TOTAL REVENUE
INCREASE (YOY)
2021
$5.9 billion
30%
2022
$7.25 billion
23%
Q1 2023
$2.1 billion
22%
Q2 2023
$2.15 billion
23%
Q3 2023
$2.29 billion
25%
Data source: ServiceNow. YOY = year over year.
Even better, though, has been ServiceNow's rapid progress on profitability. Generally accepted accounting principles (GAAP) income from operations was $492 million in the first nine months of 2023, compared to just $200 million in the same period in 2022. Free cash flow (FCF) was $1.36 billion in the first nine months of 2023 (a healthy FCF profit margin of 21%), with the discrepancy between GAAP profitability primarily driven by employee stock-based compensation.
As for that employee stock-based compensation, ServiceNow management reported it repurchased $282 million worth of stock in Q3 2023. This is part of the company's first-ever stock repurchase program, which is aimed at offsetting the impact of dilution from ongoing employee stock-based compensation. About $1.2 billion worth of stock repurchase authorization remained at the end of the quarter.
Expect some turbulence, but a top cloud stock for the long term?
After the big run-up in stock price in 2023, ServiceNow trades for a high premium of 90 times trailing-12-month earnings per share, or about 60 times trailing-12-month FCF. Of course, part of the premium exists because ServiceNow's profit margins are expected to rise rapidly over the course of the next few years. To wit, shares trade for a bit more reasonable 55 times Wall Street analysts' expectation for 2024 earnings per share.
ServiceNow is nevertheless an expensive stock as we head into the new year. That can cause some turbulence in stock price, including steep sell-offs if ServiceNow misses some short-term financial estimates from one quarter to the next.
However, given the company's fast-and-steady growth for years, and leadership in cloud-based and AI-powered software, investors are rightfully optimistic about the business's trajectory. As I explained this time last year, I think a stock like ServiceNow is best bought in batches over the course of time, perhaps using a dollar-cost averaging plan. This still seems like the right strategy for those investors interested in the long-term potential (a decade and beyond) for ServiceNow.
Should you invest $1,000 in ServiceNow right now?
Before you buy stock in ServiceNow, 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 ServiceNow 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 7, 2023
Nicholas Rossolillo and his clients have positions in Nvidia. The Motley Fool has positions in and recommends Nvidia and ServiceNow. 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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A next-gen platform for the future of work ServiceNow provides numerous solutions for businesses to manage their workforce and customer experiences. This is part of the company's first-ever stock repurchase program, which is aimed at offsetting the impact of dilution from ongoing employee stock-based compensation. However, given the company's fast-and-steady growth for years, and leadership in cloud-based and AI-powered software, investors are rightfully optimistic about the business's trajectory.
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This type of AI used to automate more employee tasks is powering "digital transformation" among big customers. As for that employee stock-based compensation, ServiceNow management reported it repurchased $282 million worth of stock in Q3 2023. After the big run-up in stock price in 2023, ServiceNow trades for a high premium of 90 times trailing-12-month earnings per share, or about 60 times trailing-12-month FCF.
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ServiceNow said it would adopt Nvidia's latest and greatest AI systems to improve its own platform, and in turn, Nvidia would expand its use of ServiceNow in its own workflow management for developing more powerful chips and generative AI systems. After the big run-up in stock price in 2023, ServiceNow trades for a high premium of 90 times trailing-12-month earnings per share, or about 60 times trailing-12-month FCF. Before you buy stock in ServiceNow, 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 ServiceNow wasn't one of them.
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YOY = year over year. Free cash flow (FCF) was $1.36 billion in the first nine months of 2023 (a healthy FCF profit margin of 21%), with the discrepancy between GAAP profitability primarily driven by employee stock-based compensation. Before you buy stock in ServiceNow, 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 ServiceNow wasn't one of them.
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e15f0df2-6ec9-45df-a15b-774491cf5e20
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712845.0
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2023-12-12 00:00:00 UTC
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Alibaba's (BABA) DAMO Academy Unveils LLMs for Southeast Asia
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DCOMP
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https://www.nasdaq.com/articles/alibabas-baba-damo-academy-unveils-llms-for-southeast-asia
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Alibaba BABA boosts generative AI efforts through its research institute called DAMO Academy, which introduced two large language models (LLMs), SeaLLM and SeaLLM-chat, a conversationally fine-tuned version.
These models, available in two sizes, such as 13 billion and 7 billion parameters, have the capability to process various local languages, including Vietnamese, Indonesian, Thai, Malay, Khmer, Lao, Tagalog and Burmese.
On the back of the latest move, Alibaba strives to capitalize on the growing demand for linguistically relevant LLMs in Southeast Asian countries. Notably, Singapore has allocated a $52 million artificial intelligence (AI) initiative to enhance research and engineering capabilities in multi-modal LLMs.
Trained in a diverse array of Southeast Asian languages, SeaLLM exhibits an impressive capacity to interpret and process text, demonstrating capabilities up to nine times greater than models like ChatGPT for non-Latin languages.
The company aims to capture the linguistic and cultural diversity of Southeast Asia with SeaLLM and SeaLLM-chat.
Notably, these LLMs will likely gain a competitive edge against those developed in Western countries and trained on datasets that are based on languages derived from English and Latin roots.
This AI chatbot is expected to attract many customers and boost the company’s top line in the fiscal year.
The Zacks Consensus Estimate for BABA’s fiscal 2024 revenues is pegged at $133.01 billion, indicating year-over-year growth of 5.52%. The Zacks Consensus Estimate for earnings is pegged at $9.12 per share, indicating year-over-year growth of 14.86%.
Alibaba Group Holding Limited Price and Consensus
Alibaba Group Holding Limited price-consensus-chart | Alibaba Group Holding Limited Quote
Growing Generative AI Efforts
Apart from the latest move, Alibaba recently unveiled the latest iteration of its AI model, namely Tongyi Qianwen 2.0.
Additionally, it introduced AI models tailored for specific industries and purposes, such as legal counseling and finance, as part of its targeted approach toward various business sectors.
Furthermore, the company revealed the GenAI Service Platform, enabling businesses to construct their own generative AI applications by utilizing their proprietary data. This initiative addresses concerns that enterprises often harbor regarding public generative AI products like ChatGPT, where there is apprehension about potential access to data by third parties.
All these endeavors are likely to bolster Alibaba’s footprint in the booming generative AI market. This, in turn, will likely instill investor optimism in the stock.
According to a report by The Allied Market Research, this particular market is anticipated to reach $191.8 billion by 2032 by registering a CAGR of 34.1% between 2023 and 2032.
Competitive Scenario in the Generative AI Market
However, Alibaba is currently facing stiff competition from tech giants like Microsoft MSFT, Amazon AMZN and Alphabet GOOGL, which are also making concerted efforts to boost their generative AI capabilities.
Shares of BABA, which currently carries a Zacks Rank #3 (Hold), have lost 19% year to date against the industry’s growth of 48.9%.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Microsoft, propelled by the success of ChatGPT, is making significant strides by integrating OpenAI's latest LLM, GPT-4, into its Bing search engine and Edge browser. Additionally, Microsoft Azure provides the Azure OpenAI Service, facilitating the seamless application of LLMs and generative AI techniques across various applications.
Meanwhile, Amazon’s AWS recently announced the general availability of its fully managed service called Amazon Bedrock. It provides seamless access to high-performing foundation models from AI companies through an API. The company also made the Amazon Titan Embeddings model generally available. It added Meta’s Llama 2 to Amazon Bedrock as a new model, which will be available through API.
The e-commerce giant’s investment plans in Anthropic remain noteworthy. Amazon will invest $4 billion to acquire a minority stake in Anthropic.
On the other hand, Alphabet’s Google is experiencing notable success with its chatbot, Bard.
Also, it recently launched its new, advanced, and powerful LLM, namely Gemini.
Gemini is available in three different sizes, Gemini Ultra, which is its largest and most capable one; Gemini Pro, which is designed to offer scalability across various applications; and Gemini Nano, which is designed for specific tasks and mobile devices.
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
Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
Alphabet Inc. (GOOGL) : Free Stock Analysis Report
Alibaba Group Holding Limited (BABA) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Alibaba BABA boosts generative AI efforts through its research institute called DAMO Academy, which introduced two large language models (LLMs), SeaLLM and SeaLLM-chat, a conversationally fine-tuned version. Additionally, it introduced AI models tailored for specific industries and purposes, such as legal counseling and finance, as part of its targeted approach toward various business sectors. Microsoft, propelled by the success of ChatGPT, is making significant strides by integrating OpenAI's latest LLM, GPT-4, into its Bing search engine and Edge browser.
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Alibaba BABA boosts generative AI efforts through its research institute called DAMO Academy, which introduced two large language models (LLMs), SeaLLM and SeaLLM-chat, a conversationally fine-tuned version. Alibaba Group Holding Limited Price and Consensus Alibaba Group Holding Limited price-consensus-chart | Alibaba Group Holding Limited Quote Growing Generative AI Efforts Apart from the latest move, Alibaba recently unveiled the latest iteration of its AI model, namely Tongyi Qianwen 2.0. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Alibaba Group Holding Limited (BABA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Alibaba Group Holding Limited Price and Consensus Alibaba Group Holding Limited price-consensus-chart | Alibaba Group Holding Limited Quote Growing Generative AI Efforts Apart from the latest move, Alibaba recently unveiled the latest iteration of its AI model, namely Tongyi Qianwen 2.0. Competitive Scenario in the Generative AI Market However, Alibaba is currently facing stiff competition from tech giants like Microsoft MSFT, Amazon AMZN and Alphabet GOOGL, which are also making concerted efforts to boost their generative AI capabilities. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Alibaba Group Holding Limited (BABA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Trained in a diverse array of Southeast Asian languages, SeaLLM exhibits an impressive capacity to interpret and process text, demonstrating capabilities up to nine times greater than models like ChatGPT for non-Latin languages. Alibaba Group Holding Limited Price and Consensus Alibaba Group Holding Limited price-consensus-chart | Alibaba Group Holding Limited Quote Growing Generative AI Efforts Apart from the latest move, Alibaba recently unveiled the latest iteration of its AI model, namely Tongyi Qianwen 2.0. Want the latest recommendations from Zacks Investment Research?
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2023-12-12 00:00:00 UTC
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TLK or SCMWY: Which Is the Better Value Stock Right Now?
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https://www.nasdaq.com/articles/tlk-or-scmwy%3A-which-is-the-better-value-stock-right-now-0
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Investors interested in stocks from the Diversified Communication Services sector have probably already heard of PT Telekomunikasi (TLK) and Swisscom AG (SCMWY). But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.
The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while our Style Scores work to grade companies based on specific traits.
Right now, PT Telekomunikasi is sporting a Zacks Rank of #2 (Buy), while Swisscom AG has a Zacks Rank of #3 (Hold). This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that TLK is likely seeing its earnings outlook improve to a greater extent. But this is just one piece of the puzzle for value investors.
Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels.
The Style Score Value grade factors in a variety of key fundamental metrics, including the popular P/E ratio, P/S ratio, earnings yield, cash flow per share, and a number of other key stats that are commonly used by value investors.
TLK currently has a forward P/E ratio of 14.58, while SCMWY has a forward P/E of 15.16. We also note that TLK has a PEG ratio of 1.17. 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. SCMWY currently has a PEG ratio of 6.40.
Another notable valuation metric for TLK is its P/B ratio of 2.31. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. By comparison, SCMWY has a P/B of 23.35.
These metrics, and several others, help TLK earn a Value grade of B, while SCMWY has been given a Value grade of F.
TLK is currently sporting an improving earnings outlook, which makes it stick out in our Zacks Rank model. And, based on the above valuation metrics, we feel that TLK is likely the superior value option 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
PT Telekomunikasi Indonesia, Tbk (TLK) : Free Stock Analysis Report
Swisscom AG (SCMWY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors interested in stocks from the Diversified Communication Services sector have probably already heard of PT Telekomunikasi (TLK) and Swisscom AG (SCMWY). The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels.
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Investors interested in stocks from the Diversified Communication Services sector have probably already heard of PT Telekomunikasi (TLK) and Swisscom AG (SCMWY). The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while our Style Scores work to grade companies based on specific traits. Click to get this free report PT Telekomunikasi Indonesia, Tbk (TLK) : Free Stock Analysis Report Swisscom AG (SCMWY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Style Score Value grade factors in a variety of key fundamental metrics, including the popular P/E ratio, P/S ratio, earnings yield, cash flow per share, and a number of other key stats that are commonly used by value investors. These metrics, and several others, help TLK earn a Value grade of B, while SCMWY has been given a Value grade of F. TLK is currently sporting an improving earnings outlook, which makes it stick out in our Zacks Rank model. Click to get this free report PT Telekomunikasi Indonesia, Tbk (TLK) : Free Stock Analysis Report Swisscom AG (SCMWY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Another notable valuation metric for TLK is its P/B ratio of 2.31. 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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123c3e57-6de3-4677-9a77-ed53e8ce6f9b
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712847.0
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2023-12-12 00:00:00 UTC
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PPL or EXC: Which Is the Better Value Stock Right Now?
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https://www.nasdaq.com/articles/ppl-or-exc%3A-which-is-the-better-value-stock-right-now
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Investors interested in stocks from the Utility - Electric Power sector have probably already heard of PPL (PPL) and Exelon (EXC). But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.
The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while our Style Scores work to grade companies based on specific traits.
Right now, PPL is sporting a Zacks Rank of #2 (Buy), while Exelon has a Zacks Rank of #3 (Hold). This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that PPL is likely seeing its earnings outlook improve to a greater extent. But this is just one piece of the puzzle for value investors.
Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels.
The Style Score Value grade factors in a variety of key fundamental metrics, including the popular P/E ratio, P/S ratio, earnings yield, cash flow per share, and a number of other key stats that are commonly used by value investors.
PPL currently has a forward P/E ratio of 16.64, while EXC has a forward P/E of 16.75. We also note that PPL has a PEG ratio of 2.24. 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. EXC currently has a PEG ratio of 2.66.
Another notable valuation metric for PPL is its P/B ratio of 1.39. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. By comparison, EXC has a P/B of 1.54.
These metrics, and several others, help PPL earn a Value grade of B, while EXC has been given a Value grade of C.
PPL is currently sporting an improving earnings outlook, which makes it stick out in our Zacks Rank model. And, based on the above valuation metrics, we feel that PPL is likely the superior value option 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
PPL Corporation (PPL) : Free Stock Analysis Report
Exelon Corporation (EXC) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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 best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels. 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 is a proven strategy that targets companies with positive earnings estimate revision trends, while our Style Scores work to grade companies based on specific traits. This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that PPL is likely seeing its earnings outlook improve to a greater extent. Click to get this free report PPL Corporation (PPL) : Free Stock Analysis Report Exelon Corporation (EXC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Investors interested in stocks from the Utility - Electric Power sector have probably already heard of PPL (PPL) and Exelon (EXC). These metrics, and several others, help PPL earn a Value grade of B, while EXC has been given a Value grade of C. PPL is currently sporting an improving earnings outlook, which makes it stick out in our Zacks Rank model. Click to get this free report PPL Corporation (PPL) : Free Stock Analysis Report Exelon Corporation (EXC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Another notable valuation metric for PPL is its P/B ratio of 1.39. These metrics, and several others, help PPL earn a Value grade of B, while EXC has been given a Value grade of C. PPL is currently sporting an improving earnings outlook, which makes it stick out in our Zacks Rank model. 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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5f14f7cd-e872-431b-a421-ee394c7372eb
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712848.0
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2023-12-12 00:00:00 UTC
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The 7 Best Dow Stocks to Buy as America’s GDP Growth Soars
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https://www.nasdaq.com/articles/the-7-best-dow-stocks-to-buy-as-americas-gdp-growth-soars
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
There are many reasons for optimism as the U.S. economy continues improving. America’s GDP growth continued to move in the right direction and soared by 5.2% in the third quarter. That strongly suggests that the Dow, composed of 30 of the best U.S. stocks, is worth investing in at the moment.
Generally speaking, investing in the Dow currently makes a lot of sense. It appears that not only will America avoid a recession but also that there’s growth to be had. So, the Dow Jones index is a strong place to be for investors seeking U.S. equity exposure.
McDonald’s (MCD)
Source: Vytautas Kielaitis / Shutterstock
Simply put, McDonald’s (NYSE:MCD) continues to grow incredibly despite its dominant position and size. As mentioned, U.S. GDP grew by 5.2% during the 3rd quarter. Growth at McDonald’s was even higher.
McDonald’s is, of course, a very large firm with a vast footprint. Therefore, it’s necessary to divide its growth along several comparable metrics. Fortunately, they all point to the same conclusion: McDonald’s is thriving. Global sales increased by 8.8% during the Third quarter. In the US, sales increased by 8.1%. Global systemwide sales, which measures McDonald’s owned and operated restaurants and franchisee restaurants, grew by 11.1%. Those metrics should lead investors to the same conclusion: McDonald’s is growing even faster than the rebounding US economy.
The company and its stock tend to thrive across all business cycle periods. It’s safe, continues to grow rapidly, and provides an ultra-dependable dividend for income investors in particular.
Apple (AAPL)
Source: Vytautas Kielaitis / Shutterstock.com
The news that Apple (NASDAQ:AAPL) stock is again flirting with a $3 trillion market capitalization should serve to give investors confidence.
Investor confidence is an area in which Apple currently lacks. According to a recent article by Barron’s, confidence in its shares is quite low based on analyst ratings. 61% of those analysts currently rate Apple as a buy. That is the lowest percentage since August of 2020.
The thrust of that article was that Apple shares can rise above their current market cap because of artificial intelligence. The company has been relatively quiet in relation to its plans related to AI. You can bet that the company is putting together a strategy for when it will announce those plans. When it does so, expect the markets to react positively.
The company has been maligned because of declining sales of late. However, Apple continues investing in growth while returning capital to shareholders. It is not the company to bet against.
Visa (V)
Source: Kikinunchi / Shutterstock.com
Visa (NYSE:V) and other credit card stocks have continuously defied throughout 2023. Cash-strapped American consumers have continued to rack up credit card debt nonetheless. If inflation and recession fears made the lives of Americans more difficult, you wouldn’t have known based on the results of companies like Visa.
Visa cardholders will continue to spend, especially in terms of cross-border payments. In 2023, cross-border volume increased by 20% overall. American consumers continue to satisfy their travel appetite. Beyond that, consumers continue to simply use credit cards more. Visa’s revenues increased by 11% in the most recent quarter, reaching $8.6 billion. As a result, net income increased as well. That translated to Strong per-share earnings growth in 2023 and in the most recent quarter. EPS grew by 21% and 17% during those periods, respectively.
American credit card debt has moved past $1 trillion. That’s a big threat to individual consumers but, in aggregate, will serve credit card companies well moving forward.
Salesforce (CRM)
Source: Sundry Photography / Shutterstock.com
Salesforce (NYSE:CRM) Is currently in a strong position due to multiple factors that are coming together in its favor. Most everyone knows that Salesforce is the largest customer relationship management firm and stock.
That’s particularly important at this moment in the business cycle. Investors expect the Federal Reserve to cut rates as early as March. That will drastically boost overall investment, particularly at the enterprise level. Businesses of all sizes will spend more on growth because lending will cheapen. Those enterprises will heavily invest in customer relationship management to foster growth. Salesforce is the largest CRM and, thus, is in a perfect position at the moment.
In fact, Salesforce is already doing very well. The company recently released its third-quarter results, which also suggests the reason for optimism. Revenues increased by 11% to $8.72 billion. Increasing economic confidence allowed the company to narrow its guidance for full-year growth to 11% as well.
Caterpillar (CAT)
Source: aapsky / Shutterstock.com
When Caterpillar (NYSE:CAT) released earnings at the end of October, the markets did not receive the results well. It certainly wasn’t Caterpillar’s fault. In fact, the company did extraordinarily well, particularly regarding earnings per share. The company’s EPS of $5.52 was far above what Wall Street was expecting.
However, as mentioned, its shares didn’t improve in price by much. The reason was fairly simple: Investor clarity about the economy’s future was much more muddled then. It has since been clarified, and optimism is high. It looks very much like we have avoided a recession.
The Fed is going to cut rates in 2024, likely multiple times. That will catalyze spending and investment across multiple sectors, especially construction. In other words, Caterpillar is looking better and better.
The company has continued to do well despite the high interest environment. Demand for its vehicles has remained high. Despite higher prices, the company has realized higher volumes as well.
IBM (IBM)
Source: JHVEPhoto / Shutterstock.com
IBM (NYSE:IBM) offers income and is well exposed to growth sectors overall. That’s a potent combination. IBM is entrenched in the artificial intelligence sector as well as the quantum computing industry. Investors are highly interested in both. Beyond that, IBM continues to offer a dividend that yields more than 4%.
All of those factors add up to create a stock that is very much worth investing in. Let’s start with the dividend. IBM last reduced its dividends in 1994 and continues to look secure. That dividend yields 4%, which is within the healthy range but also relatively high at the same time. Overall, IBM remains a stock to consider for investors seeking strong income sources.
At the same time, IBM is exposed to important growth sectors, including AI and quantum computing. That means equity offers investors a chance at real growth and provides a more stable income. IBM is well known for its Watson AI and is doing many things in that regard. The company is also entrenched in quantum computing, which promises to improve AI overall.
Cisco Systems (CSCO)
Source: Valeriya Zankovych / Shutterstock.com
Cisco Systems (NASDAQ:CSCO) offers investors steady, reliable income and exposure to continued technology sector growth.
The company sells Internet Protocol networking equipment and services. That means it basically grows along with the overall increase in Internet connectivity. Based on current projections, the company’s top-line growth isn’t expected to be particularly impressive and doesn’t stick out. However, Cisco Systems is amongst the leaders in its business. The company will continue to grow with the secular increases in technology. For example, many firms invest heavily To improve their positions in data centers and AI.
That is reflected at Cisco Systems, which recently announced its strongest fiscal year Q1 results ever. The company’s revenues and profitability reached their highest levels ever.
Meanwhile, investors who purchase CSCO shares also receive a dividend that yields approximately 3.2%. That’s a nice incentive for a company that is very stable and serves to push returns much higher overall for investors.
On the date of publication, Alex Sirois did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Alex Sirois is a freelance contributor to InvestorPlace whose personal stock investing style is focused on long-term, buy-and-hold, wealth-building stock picks. Having worked in several industries from e-commerce to translation to education and utilizing his MBA from George Washington University, he brings a diverse set of skills through which he filters his writing.
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The post The 7 Best Dow Stocks to Buy as America’s GDP Growth Soars 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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If inflation and recession fears made the lives of Americans more difficult, you wouldn’t have known based on the results of companies like Visa. Having worked in several industries from e-commerce to translation to education and utilizing his MBA from George Washington University, he brings a diverse set of skills through which he filters his writing. The #1 AI Investment Might Be This Company You’ve Never Heard Of The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post The 7 Best Dow Stocks to Buy as America’s GDP Growth Soars appeared first on InvestorPlace.
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McDonald’s (MCD) Source: Vytautas Kielaitis / Shutterstock Simply put, McDonald’s (NYSE:MCD) continues to grow incredibly despite its dominant position and size. Apple (AAPL) Source: Vytautas Kielaitis / Shutterstock.com The news that Apple (NASDAQ:AAPL) stock is again flirting with a $3 trillion market capitalization should serve to give investors confidence. Cisco Systems (CSCO) Source: Valeriya Zankovych / Shutterstock.com Cisco Systems (NASDAQ:CSCO) offers investors steady, reliable income and exposure to continued technology sector growth.
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Apple (AAPL) Source: Vytautas Kielaitis / Shutterstock.com The news that Apple (NASDAQ:AAPL) stock is again flirting with a $3 trillion market capitalization should serve to give investors confidence. Cisco Systems (CSCO) Source: Valeriya Zankovych / Shutterstock.com Cisco Systems (NASDAQ:CSCO) offers investors steady, reliable income and exposure to continued technology sector growth. The #1 AI Investment Might Be This Company You’ve Never Heard Of The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post The 7 Best Dow Stocks to Buy as America’s GDP Growth Soars appeared first on InvestorPlace.
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That strongly suggests that the Dow, composed of 30 of the best U.S. stocks, is worth investing in at the moment. Growth at McDonald’s was even higher. Overall, IBM remains a stock to consider for investors seeking strong income sources.
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2023-12-12 00:00:00 UTC
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JPMorgan (JPM) to Outsource Hong Kong, Taiwan Custody Business
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https://www.nasdaq.com/articles/jpmorgan-jpm-to-outsource-hong-kong-taiwan-custody-business
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JPMorgan JPM is planning to exit the local custodian business in Hong Kong and Taiwan by the end of next year. The news was reported by Reuters, citing people with knowledge of the matter.
This lucrative business has attracted Citigroup, HSBC and Standard Chartered among probable candidates. The financial details of the potential transaction are not known.
JPM is currently providing custodial services, both globally and locally, to clients in Hong Kong and Taiwan but has decided to stop providing services on the local level as the cost-income ratio has gone up amid a fall in custodian assets. Notably, the company will continue to offer global custody services in those two markets.
As a local custodian in those two North Asian markets, JPMorgan has nearly $520 billion worth of client assets under custody (AUC), per the people familiar with the matter.
In recent years, JPM exited its lower-margin local custodian business from other markets in the Asia Pacific region, including Australia. Although the bank stopped offering local custody services to external clients in Australia, it still maintained itself as one of the largest global custodian operations in the market. Further, in the region, the company offers local custodian services in India.
For the nine months ended Sep 30, 2023, JPMorgan recorded a year-over-year rise of 8% in revenues from securities services (including custody operations), attributable to $29.7 trillion AUC worldwide.
Over the past six months, shares of JPMorgan have gained 12% compared with the industry’s rise of 8.8%.
Image Source: Zacks Investment Research
Currently, JPM sports a Zacks Rank #1 (Strong Buy).
Other Stocks to Consider
A couple of other top-ranked stocks from the banking space are Mercantile Bank MBWM and Byline Bancorp BY.
MBWM’s earnings estimates for 2023 have been revised 5.1% upward over the past 60 days. In the past six months, Mercantile’s shares have gained 24.8%. Currently, it sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Earnings estimates for BY have been revised 1.4% upward for 2023 in the past 30 days. Shares of Byline Bancorp have rallied 11.9% in the past six months. The company currently carries a Zacks Rank #2 (Buy).
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
JPMorgan Chase & Co. (JPM) : Free Stock Analysis Report
Mercantile Bank Corporation (MBWM) : Free Stock Analysis Report
Byline Bancorp, Inc. (BY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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As a local custodian in those two North Asian markets, JPMorgan has nearly $520 billion worth of client assets under custody (AUC), per the people familiar with the matter. Although the bank stopped offering local custody services to external clients in Australia, it still maintained itself as one of the largest global custodian operations in the market. For the nine months ended Sep 30, 2023, JPMorgan recorded a year-over-year rise of 8% in revenues from securities services (including custody operations), attributable to $29.7 trillion AUC worldwide.
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JPM is currently providing custodial services, both globally and locally, to clients in Hong Kong and Taiwan but has decided to stop providing services on the local level as the cost-income ratio has gone up amid a fall in custodian assets. Although the bank stopped offering local custody services to external clients in Australia, it still maintained itself as one of the largest global custodian operations in the market. Click to get this free report JPMorgan Chase & Co. (JPM) : Free Stock Analysis Report Mercantile Bank Corporation (MBWM) : Free Stock Analysis Report Byline Bancorp, Inc. (BY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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JPM is currently providing custodial services, both globally and locally, to clients in Hong Kong and Taiwan but has decided to stop providing services on the local level as the cost-income ratio has gone up amid a fall in custodian assets. Image Source: Zacks Investment Research Currently, JPM sports a Zacks Rank #1 (Strong Buy). Click to get this free report JPMorgan Chase & Co. (JPM) : Free Stock Analysis Report Mercantile Bank Corporation (MBWM) : Free Stock Analysis Report Byline Bancorp, Inc. (BY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Although the bank stopped offering local custody services to external clients in Australia, it still maintained itself as one of the largest global custodian operations in the market. In the past six months, Mercantile’s shares have gained 24.8%. Want the latest recommendations from Zacks Investment Research?
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416229af-296c-4cec-ac74-a22a27fb966e
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712850.0
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2023-12-12 00:00:00 UTC
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Will Darden Restaurants (DRI) Beat Estimates Again in Its Next Earnings Report?
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DCOMP
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https://www.nasdaq.com/articles/will-darden-restaurants-dri-beat-estimates-again-in-its-next-earnings-report-1
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nan
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nan
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Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Darden Restaurants (DRI), which belongs to the Zacks Retail - Restaurants industry.
This owner of Olive Garden and other chain restaurants has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 2.43%.
For the most recent quarter, Darden Restaurants was expected to post earnings of $1.73 per share, but it reported $1.78 per share instead, representing a surprise of 2.89%. For the previous quarter, the consensus estimate was $2.53 per share, while it actually produced $2.58 per share, a surprise of 1.98%.
With this earnings history in mind, recent estimates have been moving higher for Darden Restaurants. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. 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.
Darden Restaurants currently has an Earnings ESP of +5.58%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #3 (Hold) indicates that another beat is possibly around the corner. We expect the company's next earnings report to be released on December 15, 2023.
When the Earnings ESP comes up negative, investors should note that this will reduce the predictive power of the metric. But, a negative value is not indicative of a stock's earnings miss.
Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Darden Restaurants, Inc. (DRI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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 owner of Olive Garden and other chain restaurants has an established record of topping earnings estimates, especially when looking at the previous two reports. 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. 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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Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. Click to get this free report Darden Restaurants, Inc. (DRI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change.
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For the most recent quarter, Darden Restaurants was expected to post earnings of $1.73 per share, but it reported $1.78 per share instead, representing a surprise of 2.89%. For the previous quarter, the consensus estimate was $2.53 per share, while it actually produced $2.58 per share, a surprise of 1.98%. We expect the company's next earnings report to be released on December 15, 2023.
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96101042-d0e8-48cd-ae29-6a03926b4e6d
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712851.0
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2023-12-12 00:00:00 UTC
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Roblox (RBLX), Adidas Unite for Virtual Fashion Revolution
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DCOMP
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https://www.nasdaq.com/articles/roblox-rblx-adidas-unite-for-virtual-fashion-revolution
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nan
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nan
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Roblox RBLX is expanding its footprint as a dynamic hub for brand engagement with Adidas ADDYY. The recent partnership marks Adidas' efforts to tap into the digital realm and reconnect with consumers, particularly following the Yeezy-related challenges.
To connect with new and existing customers, Adidas is introducing digital versions of its clothing on Roblox, allowing players to customize their avatars with iconic Adidas apparel.
The collaboration goes beyond simple digital integration, featuring a limited-edition Adidas x Rush X collection, developed in collaboration with Roblox creator Rush Bogin and set to be released weekly throughout the month.
Adidas is enhancing the virtual experience by hosting innovative pop-up shops within various Roblox environments, providing users with immersive and interactive touchpoints.
Roblox Corporation Price and Consensus
Roblox Corporation price-consensus-chart | Roblox Corporation Quote
As Roblox continues to evolve as a multifaceted platform, such collaborations highlight the increasing significance of digital spaces for brands looking to engage with a diverse and expansive online audience.
Expanding Portfolio to Boost RBLX’s Top Line
The recent strategic move aligns seamlessly with the company's ongoing efforts to enhance its brand engagement.
Roblox's expansion to new devices, including MetaQuest and Sony PlayStation, underscores its dedication to broadening accessibility, contributing to a boost in in-game revenues.
The initial group of signed partners includes early adopters who are already influencing marketing within immersive spaces and are close to the Roblox ecosystem. This group consists of Century Games, Dentsu, Dubit, Playwire, Sawhorse, The Gang Group and Vayner3.
These partners possess expertise in crafting 3D immersive content, a deep understanding of the Roblox community and innovative advertising solutions. The insights can be beneficial for other marketers who are new to the platform.
According to the Mordor Intelligence report, the gaming market is projected to be valued at $249.60 billion in 2023, with an anticipated growth of $389.70 billion by 2028. This signifies a compound annual growth rate (CAGR) of 9.32% over the forecast period from 2023 to 2028.
Roblox is successfully expanding its user base globally, with notable growth in key international markets such as Japan. DAUs are up 66%, hours are up 64% and bookings are up 174%, demonstrating the platform's appeal and monetization potential in diverse regions.
At the forefront of technological innovation, Roblox advances in voice and avatar simulation, real-time communication and the incorporation of artificial intelligence (AI). The efficiency gained from AI is noted in areas such as safety and moderation, contributing to increased operating leverage.
All the endeavors mentioned above will allow the Zacks Rank #3 (Hold) company to compete against some notable industry players like Meta Platforms META and NVIDIA NVDA, which are also making concerted efforts to solidify their presence in the market. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Meta, the entity responsible for constructing the most extensive network of real-time 3D virtual realms, enabling users to preserve their identities and transaction records, is at the forefront. Meta selected the European Union as the locus for advancing metaverse technology with the goal of generating employment opportunities in Europe.
NVIDIA is positioned as a prominent contender for collaboration within the Metaverse sector. The company invested efforts into providing free access to Omniverse, a software designed for creating materials compatible with the Metaverse.
The Zacks Consensus Estimate for fourth-quarter 2023 is pegged at $1.06 billion, suggesting growth of 18.04%.
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
Adidas AG (ADDYY) : Free Stock Analysis Report
Roblox Corporation (RBLX) : Free Stock Analysis Report
Meta Platforms, Inc. (META) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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As Roblox continues to evolve as a multifaceted platform, such collaborations highlight the increasing significance of digital spaces for brands looking to engage with a diverse and expansive online audience. Expanding Portfolio to Boost RBLX’s Top Line The recent strategic move aligns seamlessly with the company's ongoing efforts to enhance its brand engagement. Meta, the entity responsible for constructing the most extensive network of real-time 3D virtual realms, enabling users to preserve their identities and transaction records, is at the forefront.
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Roblox Corporation Price and Consensus Roblox Corporation price-consensus-chart | Roblox Corporation Quote The company invested efforts into providing free access to Omniverse, a software designed for creating materials compatible with the Metaverse. Click to get this free report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Adidas AG (ADDYY) : Free Stock Analysis Report Roblox Corporation (RBLX) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Roblox Corporation Price and Consensus Roblox Corporation price-consensus-chart | Roblox Corporation Quote All the endeavors mentioned above will allow the Zacks Rank #3 (Hold) company to compete against some notable industry players like Meta Platforms META and NVIDIA NVDA, which are also making concerted efforts to solidify their presence in the market. Click to get this free report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Adidas AG (ADDYY) : Free Stock Analysis Report Roblox Corporation (RBLX) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here.
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As Roblox continues to evolve as a multifaceted platform, such collaborations highlight the increasing significance of digital spaces for brands looking to engage with a diverse and expansive online audience. Download your free report now to see them. Click to get this free report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Adidas AG (ADDYY) : Free Stock Analysis Report Roblox Corporation (RBLX) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here.
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caef5c31-91f9-44cf-bf8b-a2cbcd18714f
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712852.0
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2023-12-12 00:00:00 UTC
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Notable ETF Outflow Detected - USMV, ROP, MSI, RSG
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DCOMP
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https://www.nasdaq.com/articles/notable-etf-outflow-detected-usmv-rop-msi-rsg
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares MSCI USA Min Vol Factor ETF (Symbol: USMV) where we have detected an approximate $911.9 million dollar outflow -- that's a 3.3% decrease week over week (from 361,100,000 to 349,300,000). Among the largest underlying components of USMV, in trading today Roper Technologies Inc (Symbol: ROP) is up about 0.6%, Motorola Solutions Inc (Symbol: MSI) is up about 0.5%, and Republic Services Inc (Symbol: RSG) is up by about 0.6%. For a complete list of holdings, visit the USMV Holdings page » The chart below shows the one year price performance of USMV, versus its 200 day moving average:
Looking at the chart above, USMV's low point in its 52 week range is $68.77 per share, with $77.43 as the 52 week high point — that compares with a last trade of $77.41. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
Also see:
Funds Holding UAVS
SCHN shares outstanding history
HBP 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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These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs. Click here to find out which 9 other ETFs experienced notable outflows » Also see: Funds Holding UAVS SCHN shares outstanding history HBP Options Chain The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For a complete list of holdings, visit the USMV Holdings page » The chart below shows the one year price performance of USMV, versus its 200 day moving average: Looking at the chart above, USMV's low point in its 52 week range is $68.77 per share, with $77.43 as the 52 week high point — that compares with a last trade of $77.41. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Click here to find out which 9 other ETFs experienced notable outflows » Also see: Funds Holding UAVS SCHN shares outstanding history HBP Options Chain The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares MSCI USA Min Vol Factor ETF (Symbol: USMV) where we have detected an approximate $911.9 million dollar outflow -- that's a 3.3% decrease week over week (from 361,100,000 to 349,300,000). For a complete list of holdings, visit the USMV Holdings page » The chart below shows the one year price performance of USMV, versus its 200 day moving average: Looking at the chart above, USMV's low point in its 52 week range is $68.77 per share, with $77.43 as the 52 week high point — that compares with a last trade of $77.41. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Among the largest underlying components of USMV, in trading today Roper Technologies Inc (Symbol: ROP) is up about 0.6%, Motorola Solutions Inc (Symbol: MSI) is up about 0.5%, and Republic Services Inc (Symbol: RSG) is up by about 0.6%. For a complete list of holdings, visit the USMV Holdings page » The chart below shows the one year price performance of USMV, versus its 200 day moving average: Looking at the chart above, USMV's low point in its 52 week range is $68.77 per share, with $77.43 as the 52 week high point — that compares with a last trade of $77.41. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed).
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1a1ff165-3d2d-4979-97b5-ce7f087b8551
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712853.0
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2023-12-12 00:00:00 UTC
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American Water's (AWK) Indiana Arm Invests $97M in Upgrades
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DCOMP
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https://www.nasdaq.com/articles/american-waters-awk-indiana-arm-invests-%2497m-in-upgrades
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nan
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nan
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American Water Works AWK announced that its unit, Indiana American Water, invested $97 million to replace or remove almost 30,000 lead service lines in its service areas across the state. The company has been working continuously to replace the lead lines from its service territories. Since 2018, Indiana American Water has replaced nearly 54% of the lead lines in its service territories.
AWK is committed to removing and replacing the remaining lead lines from its service territories. The firm recently applied and received approval for nearly $19 million in no- or low-interest loans from the Indiana State Revolving Fund, which will assist it in expediting the process of lead service line replacement.
Aging Water Industry Needs Upgrade
Per the U.S. Environmental Protection Agency, investments of $473 billion and $271 billion are necessary to maintain and expand drinking water and wastewater pipelines, respectively, to meet demand over the next 20 years. Water infrastructure, like water mains, storage tanks and purifying units, needs maintenance at proper intervals.
The repair and upgrade of other infrastructures like overhead storage tanks, treatment plants and water reservoirs are essential to providing uninterrupted 24x7 services to customers.
Miles of aging pipelines essentially require repairs and upgrades to maintain quality water and wastewater services. A delay in repair could cause frequent disruptions in the 24x7 supply of potable water and sewer services. Leaks and accidents in the water mains result in the wastage of millions of gallons of potable water.
Investments From Utilities
America Water aims to invest $3.1 billion in 2024, with a significant portion utilized for infrastructure improvements in Regulated Businesses. Over the long term, AWK aims to invest in the range of $16-$17 billion in the 2024-2028 time period and $34-$38 billion in the 2024-2033 time period.
Other water utilities, like Essential Utilities WTRG and California Water Service Group CWT, among others, have well-chalked-out capital investment plans to strengthen infrastructure.
Essential Utilities plans to invest $1.1 billion in 2023 and $3.3 billion through 2025 to improve the water and natural gas systems and better serve customers with the help of improved information technology.
California Water Service plans to invest more than $725 million in capital expenditures through 2024.
The Zacks Consensus Estimate for WTRG and CWT’s 2023 earnings indicates year-over-year growth of 5.1% and 7.9%, respectively.
Price Performance
Over the last month, American Water Works’ stock gained 7.3% compared with the industry’s 7.4% growth.
Image Source: Zacks Investment Research
Zacks Rank & Another Stock to Consider
American Water currently has a Zacks Rank #2 (Buy).
Another top-ranked company from the same industry is Global Water Resources GWRS. The company currently carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
GWRS’ long-term (three- to five-year) earnings growth rate is pegged at 15%. The Zacks Consensus Estimate for 2023 earnings of 29 cents per share reflects an increase of 7.4% over the past 60 days.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Water Works Company, Inc. (AWK) : Free Stock Analysis Report
California Water Service Group (CWT) : Free Stock Analysis Report
Global Water Resources, Inc. (GWRS) : Free Stock Analysis Report
Essential Utilities Inc. (WTRG) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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 firm recently applied and received approval for nearly $19 million in no- or low-interest loans from the Indiana State Revolving Fund, which will assist it in expediting the process of lead service line replacement. The repair and upgrade of other infrastructures like overhead storage tanks, treatment plants and water reservoirs are essential to providing uninterrupted 24x7 services to customers. Miles of aging pipelines essentially require repairs and upgrades to maintain quality water and wastewater services.
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American Water Works AWK announced that its unit, Indiana American Water, invested $97 million to replace or remove almost 30,000 lead service lines in its service areas across the state. Other water utilities, like Essential Utilities WTRG and California Water Service Group CWT, among others, have well-chalked-out capital investment plans to strengthen infrastructure. Click to get this free report American Water Works Company, Inc. (AWK) : Free Stock Analysis Report California Water Service Group (CWT) : Free Stock Analysis Report Global Water Resources, Inc. (GWRS) : Free Stock Analysis Report Essential Utilities Inc. (WTRG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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American Water Works AWK announced that its unit, Indiana American Water, invested $97 million to replace or remove almost 30,000 lead service lines in its service areas across the state. Image Source: Zacks Investment Research Zacks Rank & Another Stock to Consider American Water currently has a Zacks Rank #2 (Buy). Click to get this free report American Water Works Company, Inc. (AWK) : Free Stock Analysis Report California Water Service Group (CWT) : Free Stock Analysis Report Global Water Resources, Inc. (GWRS) : Free Stock Analysis Report Essential Utilities Inc. (WTRG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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American Water Works AWK announced that its unit, Indiana American Water, invested $97 million to replace or remove almost 30,000 lead service lines in its service areas across the state. Image Source: Zacks Investment Research Zacks Rank & Another Stock to Consider American Water currently has a Zacks Rank #2 (Buy). Want the latest recommendations from Zacks Investment Research?
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2e9e4ddb-4cbc-454d-9063-e188161668f7
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712854.0
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2023-12-12 00:00:00 UTC
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Here's Why You Should Buy Cincinnati Financial (CINF) Stock
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DCOMP
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https://www.nasdaq.com/articles/heres-why-you-should-buy-cincinnati-financial-cinf-stock-0
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nan
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Cincinnati Financial Corporation’s CINF higher level of insured exposures, rate increase, agent-focused business model, consistent cash flow and a solid capital position make it worth adding to one’s portfolio.
Its earnings surpassed estimates in the three reported quarters of 2023. Its earnings rose 6.8% in the last five years.
Cincinnati Financial has a VGM Score of B. This helps to identify stocks with the most attractive value, growth and momentum. The insurer targets an average value creation ratio of 10% to 13% over the next five-year period.
Image Source: Zacks Investment Research
Zacks Rank & Price Performance
Cincinnati Financial currently carries a Zacks Rank #2 (Buy). In the past month, the stock has gained 4.8% compared with the industry’s growth of 1.3%.
Optimistic Growth Projections
The Zacks Consensus Estimate for 2024 earnings stands at $6.06, suggesting an increase of 8.4% on 7.3% higher revenues of $9.5 billion.
The long-term earnings growth rate is currently pegged at 18.2%, better than the industry average of 12.3%.
We expect 2025 bottom line to witness a three-year CAGR of 8.7%.
Business Drivers
Cincinnati Financial continues to grow its premiums through a disciplined expansion of Cincinnati Re. Better pricing, an agent-centric model and a higher level of insured exposures also drive net written premiums. We expect 2025 net earned premiums to witness a three-year CAGR of 7.5%. CINF boasts above-average industry premium growth.
The Excess and Surplus line has been performing well since its inception in 2008. New business written premiums, higher renewal written premiums and higher average renewal estimated pricing are likely to boost the performance of this segment. Technology and data are also being used to identify new exposures in emerging businesses.
Cincinnati Financial has been witnessing an increase in net investment income attributable to a rise in interest income from fixed-maturity securities and a decrease in equity portfolio dividends. Given the fact that insurers are beneficiaries of an improved rate environment, net investment income is poised to rise.
Given the nature of business, the insurer is exposed to catastrophe losses, which weigh on profitability. Nonetheless, banking on prudent underwriting, CINF’s solid track record of 34 years of favorable reserve development is appreciable. It also has a reinsurance program to limit insured loss.
CINF has a solid capital management policy in place. The insurer boasts a track of 63 straight years of dividend hikes, reflecting operational expertise, the board's positive outlook and confidence in outstanding capital, liquidity and financial flexibility. Its dividend yield of 2.8% is better than the industry average of 0.3%, making the stock an attractive pick for yield-seeking investors.
It has a Value Score of B. This style score helps find the most attractive value stocks. Back-tested results have shown that stocks with a Value Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 offer better returns.
Other Stocks to Consider
Some other top-ranked stocks from the same space are CNA Financial CNA, The Progressive Corporation PGR and W.R. Berkley Corporation WRB, each sporting a Zacks Rank #1 currently. You can see the complete list of today’s Zacks #1 Rank stocks here.
CNA Financial delivered a trailing four-quarter average earnings surprise of 9.24%. The stock has lost 1.4% year to date.
The Zacks Consensus Estimate for CNA’s 2024 earnings indicates a 7.4% year-over-year increase. The expected long-term earnings growth rate is 5%. The consensus estimate for 2024 has moved higher 1.1% in the past 30 days.
Progressive delivered an earnings surprise in two of the last four reported quarters while missing in the other two. Year to date, the stock has gained 26.3%.
The Zacks Consensus Estimate for PGR’s 2024 earnings indicates a 49% year-over-year increase. The expected long-term earnings growth rate is 25.8%. The consensus estimate for PGR’s 2024 earnings has moved up 2.9% in the past 30 days.
W.R. Berkley delivered a trailing four-quarter average earnings surprise of 4.35%. Year to date, the stock has gained 0.9%.
The Zacks Consensus Estimate for WRB’s 2024 earnings implies a year-over-year rise of 20.2%. The consensus estimate has moved up 0.9% in the past 30 days.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
W.R. Berkley Corporation (WRB) : Free Stock Analysis Report
Cincinnati Financial Corporation (CINF) : Free Stock Analysis Report
The Progressive Corporation (PGR) : Free Stock Analysis Report
CNA Financial Corporation (CNA) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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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Cincinnati Financial Corporation’s CINF higher level of insured exposures, rate increase, agent-focused business model, consistent cash flow and a solid capital position make it worth adding to one’s portfolio. Optimistic Growth Projections The Zacks Consensus Estimate for 2024 earnings stands at $6.06, suggesting an increase of 8.4% on 7.3% higher revenues of $9.5 billion. The insurer boasts a track of 63 straight years of dividend hikes, reflecting operational expertise, the board's positive outlook and confidence in outstanding capital, liquidity and financial flexibility.
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Cincinnati Financial Corporation’s CINF higher level of insured exposures, rate increase, agent-focused business model, consistent cash flow and a solid capital position make it worth adding to one’s portfolio. New business written premiums, higher renewal written premiums and higher average renewal estimated pricing are likely to boost the performance of this segment. Click to get this free report W.R. Berkley Corporation (WRB) : Free Stock Analysis Report Cincinnati Financial Corporation (CINF) : Free Stock Analysis Report The Progressive Corporation (PGR) : Free Stock Analysis Report CNA Financial Corporation (CNA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Image Source: Zacks Investment Research Zacks Rank & Price Performance Cincinnati Financial currently carries a Zacks Rank #2 (Buy). Other Stocks to Consider Some other top-ranked stocks from the same space are CNA Financial CNA, The Progressive Corporation PGR and W.R. Berkley Corporation WRB, each sporting a Zacks Rank #1 currently. Click to get this free report W.R. Berkley Corporation (WRB) : Free Stock Analysis Report Cincinnati Financial Corporation (CINF) : Free Stock Analysis Report The Progressive Corporation (PGR) : Free Stock Analysis Report CNA Financial Corporation (CNA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Cincinnati Financial Corporation’s CINF higher level of insured exposures, rate increase, agent-focused business model, consistent cash flow and a solid capital position make it worth adding to one’s portfolio. Image Source: Zacks Investment Research Zacks Rank & Price Performance Cincinnati Financial currently carries a Zacks Rank #2 (Buy). In the past month, the stock has gained 4.8% compared with the industry’s growth of 1.3%.
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89e07b2b-dfa2-44ea-b3b5-e373de16d35a
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712855.0
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2023-12-12 00:00:00 UTC
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3 Stocks You Can Keep Forever
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DCOMP
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https://www.nasdaq.com/articles/3-stocks-you-can-keep-forever-14
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nan
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nan
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Famed investor Warren Buffett has said that his favorite holding period is "forever." In practice, that's a hard goal to reach, but a good way to start is by focusing on companies that have proven track records of success behind them. One quick and dirty way to figure that out is by looking at a stock's dividend history.
Procter & Gamble (NYSE: PG), ExxonMobil (NYSE: XOM), and Federal Realty (NYSE: FRT) are all standouts when it comes to their dividends. Here's why you might want to own these three "forever" stocks.
1. Procter & Gamble continues to innovate
If there's a secret to Procter & Gamble's success, it is most likely research and development. That's because the company's products are, largely, things that have existed for a very long time. What keeps them fresh is the innovation that allows P&G to say they are "new" and "improved." Those two words are incredibly valuable in the consumer staples sector.
The company's success is most clearly seen in the 67 consecutive annual dividend increases it has provided investors. That makes the company a highly elite Dividend King. But there's more to the story here, because not only has P&G used innovation to its advantage, but it also has industry-leading distribution and marketing chops. It's the type of company you buy and hold on to for the rest of your life. The problem is that it doesn't go on sale very often. Today's 2.6% dividend yield is about average for this stock, and the price-to-sales and price-to-earnings ratios are a touch lower than their five-year averages. It looks like P&G might be trading at a fair price, which is actually attractive when you know you are buying a great company.
2. ExxonMobil smooths out a volatile sector
International energy giant ExxonMobil has managed to increase its dividend annually for 41 consecutive years. That's actually pretty shocking, given that it operates in the energy sector, where oil and natural gas prices often rise and fall in dramatic, and swift, fashion. But the company is built from the ground up to withstand the swings so it can continue to reward investors for sticking around.
For starters, the company's business is integrated, which means it has exposure to the entire energy value chain. That helps to smooth out the ups and downs since some areas of the energy business tend to do well even as others are doing poorly. On top of that, ExxonMobil focuses on maintaining a strong balance sheet. Low leverage allows ExxonMobil to take on debt when times are tough so it can continue to support its business and dividend.
In all, it's a reliable way to add exposure to the volatile energy sector, which can provide valuable diversification for your portfolio. Although the stock is probably fully valued today, given its middle-of-the-road (historically speaking) 3.8% dividend yield, it would be a good stock to own even if you try to wait for a deeper pullback before buying it. In other words, keep an eye on it if even if you aren't willing to buy it today.
3. Federal Realty lets you bet on retail without betting on a retailer
The big claim to fame for real estate investment trust (REIT) Federal Realty is that it has the longest dividend streak of any REIT. It's also a Dividend King, with 56 years of annual increases under its belt. The company's focus is well-located strip malls and mixed-use developments. Unlike many of its closest peers, however, it has long focused on quality over quantity, owning only around 100 properties. They're very good properties, with higher average incomes and population counts within three miles of the property than its peers have.
What's really interesting here, however, is that Federal Realty doesn't really care what stores are in its properties, so long as they're doing well. The list shifts over time, as you might expect. So you can have exposure to the retail sector by owning Federal Realty without having to try to pick a retail winner, effectively placing all of your bets on one company. And you can collect a 4.4% dividend yield along the way. In fairness, the dividend yield has been much higher in the past, notably during recessions when investors tend to throw the baby out with the bathwater. So you might want to wait until there's a deep pullback before buying. But put it on your wishlist now so you actually pull the trigger when the opportunity to own it on the cheap arises again.
Hold for as long as you can
Procter & Gamble, ExxonMobil, and Federal Realty are all the types of stocks you cling to for life once you've added them to your portfolio. Right now, P&G and ExxonMobil seem at least reasonably priced if you don't mind paying full rate for a great company. Federal Realty is probably a little pricey. But even if you have a heavy value bias, you'll want to keep all three on your watch list. Every so often they do find themselves on the sale rack.
Should you invest $1,000 in ExxonMobil right now?
Before you buy stock in ExxonMobil, consider this:
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See the 10 stocks
*Stock Advisor returns as of December 11, 2023
Reuben Gregg Brewer has positions in Federal Realty Investment Trust and Procter & Gamble. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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That's actually pretty shocking, given that it operates in the energy sector, where oil and natural gas prices often rise and fall in dramatic, and swift, fashion. In fairness, the dividend yield has been much higher in the past, notably during recessions when investors tend to throw the baby out with the bathwater. Hold for as long as you can Procter & Gamble, ExxonMobil, and Federal Realty are all the types of stocks you cling to for life once you've added them to your portfolio.
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Procter & Gamble (NYSE: PG), ExxonMobil (NYSE: XOM), and Federal Realty (NYSE: FRT) are all standouts when it comes to their dividends. ExxonMobil smooths out a volatile sector International energy giant ExxonMobil has managed to increase its dividend annually for 41 consecutive years. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Reuben Gregg Brewer has positions in Federal Realty Investment Trust and Procter & Gamble.
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Although the stock is probably fully valued today, given its middle-of-the-road (historically speaking) 3.8% dividend yield, it would be a good stock to own even if you try to wait for a deeper pullback before buying it. Before you buy stock in ExxonMobil, 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 ExxonMobil wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Reuben Gregg Brewer has positions in Federal Realty Investment Trust and Procter & Gamble.
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The company's success is most clearly seen in the 67 consecutive annual dividend increases it has provided investors. Before you buy stock in ExxonMobil, 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 ExxonMobil wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Reuben Gregg Brewer has positions in Federal Realty Investment Trust and Procter & Gamble.
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15c17377-af76-4d8a-8fa4-c2b0124884bb
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712856.0
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2023-12-12 00:00:00 UTC
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Ex-Dividend Reminder: Wesco International, Textron and Installed Building Products
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DCOMP
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https://www.nasdaq.com/articles/ex-dividend-reminder%3A-wesco-international-textron-and-installed-building-products
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nan
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Looking at the universe of stocks we cover at Dividend Channel, on 12/14/23, Wesco International, Inc. (Symbol: WCC), Textron Inc (Symbol: TXT), and Installed Building Products Inc (Symbol: IBP) will all trade ex-dividend for their respective upcoming dividends. Wesco International, Inc. will pay its quarterly dividend of $0.375 on 12/29/23, Textron Inc will pay its quarterly dividend of $0.02 on 1/1/24, and Installed Building Products Inc will pay its quarterly dividend of $0.33 on 12/31/23. As a percentage of WCC's recent stock price of $166.39, this dividend works out to approximately 0.23%, so look for shares of Wesco International, Inc. to trade 0.23% lower — all else being equal — when WCC shares open for trading on 12/14/23. Similarly, investors should look for TXT to open 0.03% lower in price and for IBP to open 0.20% lower, all else being equal.
Below are dividend history charts for WCC, TXT, and IBP, showing historical dividends prior to the most recent ones declared.
Wesco International, Inc. (Symbol: WCC):
Textron Inc (Symbol: TXT):
Installed Building Products Inc (Symbol: IBP):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 0.90% for Wesco International, Inc., 0.10% for Textron Inc, and 0.81% for Installed Building Products Inc.
Free Report: Top 8%+ Dividends (paid monthly)
In Tuesday trading, Wesco International, Inc. shares are currently up about 3.4%, Textron Inc shares are up about 1.6%, and Installed Building Products Inc shares are down about 0.2% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
Also see:
Preferred Stock Screener
Winnebago Industries Historical PE Ratio
BCDA Average Annual Return
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. If they do continue, the current estimated yields on annualized basis would be 0.90% for Wesco International, Inc., 0.10% for Textron Inc, and 0.81% for Installed Building Products Inc. Free Report: Top 8%+ Dividends (paid monthly) In Tuesday trading, Wesco International, Inc. shares are currently up about 3.4%, Textron Inc shares are up about 1.6%, and Installed Building Products Inc shares are down about 0.2% on the day. dividend stocks should be on your radar screen » Also see: Preferred Stock Screener Winnebago Industries Historical PE Ratio BCDA Average Annual Return The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/14/23, Wesco International, Inc. (Symbol: WCC), Textron Inc (Symbol: TXT), and Installed Building Products Inc (Symbol: IBP) will all trade ex-dividend for their respective upcoming dividends. Wesco International, Inc. will pay its quarterly dividend of $0.375 on 12/29/23, Textron Inc will pay its quarterly dividend of $0.02 on 1/1/24, and Installed Building Products Inc will pay its quarterly dividend of $0.33 on 12/31/23. Wesco International, Inc. (Symbol: WCC): Textron Inc (Symbol: TXT): Installed Building Products Inc (Symbol: IBP): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/14/23, Wesco International, Inc. (Symbol: WCC), Textron Inc (Symbol: TXT), and Installed Building Products Inc (Symbol: IBP) will all trade ex-dividend for their respective upcoming dividends. Wesco International, Inc. will pay its quarterly dividend of $0.375 on 12/29/23, Textron Inc will pay its quarterly dividend of $0.02 on 1/1/24, and Installed Building Products Inc will pay its quarterly dividend of $0.33 on 12/31/23. If they do continue, the current estimated yields on annualized basis would be 0.90% for Wesco International, Inc., 0.10% for Textron Inc, and 0.81% for Installed Building Products Inc. Free Report: Top 8%+ Dividends (paid monthly) In Tuesday trading, Wesco International, Inc. shares are currently up about 3.4%, Textron Inc shares are up about 1.6%, and Installed Building Products Inc shares are down about 0.2% on the day.
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As a percentage of WCC's recent stock price of $166.39, this dividend works out to approximately 0.23%, so look for shares of Wesco International, Inc. to trade 0.23% lower — all else being equal — when WCC shares open for trading on 12/14/23. Wesco International, Inc. (Symbol: WCC): Textron Inc (Symbol: TXT): Installed Building Products Inc (Symbol: IBP): In general, dividends are not always predictable, following the ups and downs of company profits over time. If they do continue, the current estimated yields on annualized basis would be 0.90% for Wesco International, Inc., 0.10% for Textron Inc, and 0.81% for Installed Building Products Inc. Free Report: Top 8%+ Dividends (paid monthly) In Tuesday trading, Wesco International, Inc. shares are currently up about 3.4%, Textron Inc shares are up about 1.6%, and Installed Building Products Inc shares are down about 0.2% on the day.
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134ea8bc-8571-43f7-9be9-9dab056c9907
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712857.0
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2023-12-12 00:00:00 UTC
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Sometimes Second Acts Work Out
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DCOMP
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https://www.nasdaq.com/articles/sometimes-second-acts-work-out
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nan
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nan
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In this podcast, Motley Fool analyst Bill Barker and host Deidre Woollard discuss:
If we are already in a Santa Claus rally.
The challenges facing big automakers.
If cybersecurity's challenges will fade.
Motley Fool host Mary Long and analyst David Meier discuss the "second acts" of BlackBerry and Garmin, and take a look at three other stocks in the midst of a turnaround.
To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. A full transcript follows the video.
10 stocks we like better than Walmart
When our analyst team has an investing tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Walmart wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of 12/8/2023
This video was recorded on Nov. 30, 2023.
Deidre Woollard: Who says there's no such thing as second act, Motley Fool Money starts now. Welcome to Motley Fool Money. I'm Deidre Woollard here with Motley Fool Analyst Bill Barker. Bill, how's it going?
Bill Barker: It's well thanks.
Deidre Woollard: Good. Well, I know you like to keep an eye on the macro like I do. I heard you talk on the morning show the other day about the revised GDP. Today we've got the PCE, the Personal Consumer Expenditures Index came out today right in line with expectations around 0.2%. This is they call it the Fed's favorite indicator. So seems pretty good. Are we out of the woods? Can we just heave a sigh of relief? Hikes are over. It's done.
Bill Barker: I could complicate the answer. I'm just going to go with yes today.
Deidre Woollard: Wait, I want the complicated answer.
Bill Barker: Well, you never know. It's a complex world. infinite possibilities exist out there in the multiverse. But inflation is now if you go to your favorite Inflation Nowcast Site, which is probably the Cleveland Fed, the numbers for November and for the fourth quarter, whether you're talking about CPI core, CPI PC, core PC. They start with two's or three's and it's becoming more two's than three's now. We all know the magic number is two.
Deidre Woollard: Yes.
Bill Barker: Two point zero zero, 2%, 2.9 not good enough.
Deidre Woollard: Powell has been very clear on that.
Bill Barker: I think there's some discussion from some intelligent people about it. We got to get to two to establish credibility but maybe in the future, we can talk about three. Let's not make two this holy grail that we always have to chase if there's nothing particularly meaningful about two and three and the damage that you might do to pursue two is greater than the benefits. Anyway, this is all, as I said, the complicated, boring answer that should have just been yes, it's the inflation is at an acceptable level today, but for the declaration that it must be two. That's pretty good news and the interest rate is now expected in the betting markets to not go up and to go down starting in the spring, sometime.
Deidre Woollard: I'm a little less clear that that's going to happen. I definitely think that we're probably at the end of the rate hikes, but I don't know how fast we're going to start with the cuts. But overall, at the end of November, it's been great. It's been a really good month for stocks and we always hear about the Santa Claus rally. Do you have an opinion on the Santa Claus rally? Is that just something that we are attached to it? I mean, I'm not sure that the data fully bears that one out.
Bill Barker: No, it's one of those things that's just got a name.
Deidre Woollard: Yeah.
Bill Barker: So people keep bringing it up. [laughs]
Deidre Woollard: We just like to talk about Santa, it's fine.
Bill Barker: I don't know. Did we start the Santa Claus rally? Is this part of it? Have we already anticipated it. The Dow's hitting 2023 high today. I would say that whatever rally you're hoping for has already been delivered by Santa and you shouldn't ask for so many presents this year. You already got tons of them. [laughs] That's what I would say. That sounds a little Grinch. I'm reminding people of how much Santa and, or whoever else works with him has brought already.
Deidre Woollard: We do start Black Friday earlier, let's just start the Santa Claus Rally earlier too. Speaking of other things that seem semi-mythical, today is supposedly the first real delivery for Tesla's cybertruck. The media is just going nuts about this. The actual event itself takes place I believe at three o'clock on whatever we're calling Twitter now X. I don't know, I'm not so excited about the cyber truck. Will we be surprised? Will there be something amazing that Musk is going to pull out of his hat?
Bill Barker: You wish that I were cool enough to have driven enough trucks [laughs] to have an informed opinion about what this model would do? Are you such a cool person, drive a lot of trucks?
Deidre Woollard: I don't drive a lot of trucks.
Bill Barker: Just with one couple, whatever?
Deidre Woollard: I tend to be a very small car person. I used to have a smart car, so I'm the opposite of a truck person.
Bill Barker: A smart car.
Deidre Woollard: Yeah.
Bill Barker: So like the thing that trucks eat?
Deidre Woollard: Yes.
Bill Barker: Got it. Yeah, it's a very futuristic-looking item. It's an interesting bet on truck purchasers or traditional truck purchasers buying something that looks nothing like what they like [laughs] and use. I can't handicap whether that's going to work out. Now, Tesla has got a certain embedded clientele early adopters. They've got lots of orders ahead of time, only you need to have thrown down $100 to have a reservation on this. So whether those end up getting filled or not, I don't know. I think that it's not something that the business is going to live or die based on the success of this. So I think it's additional potential upside, there's a huge market there whether Tesla is addressing it in the right way is something for cooler truck-driving people to opine upon.
Deidre Woollard: Yeah, it doesn't seem like it solves any problems that any truck drivers might have other than it looks cool and may be impervious to corrosion and things like that but maybe not. We saw how it worked out with the glass thing, so who knows?
Bill Barker: Yeah, Who knows? I think it's a great media event. Musk hasn't been in the spotlight for several minutes now actually he has. He's never out of the spotlights.
Deidre Woollard: It just follows him around.
Bill Barker: Yes. That's where part of the Musk's spotlight will be shining for part of today.
Deidre Woollard: [laughs] He probably needs a little distraction. Well, let's keep it on cars and trucks because Jim released their updated guidance yesterday. They announced 10 billion in stock buybacks. Which means they think the price right now is too low. You discussed that on our morning show for Motley Fool members yesterday. They're also scaling back their robo-taxi ambitions with crews after an unfortunate accident and the CEO recently left. How should we be feeling about the robo-taxi thing in general? Are we getting close to that not working out? I feel they're not giving up on it fully, but they're definitely pulling energy and money away from it.
Bill Barker: They certainly are and they're scaling back their timetables and it's not really entirely up to them. Unlike some companies and their products, this has a lot of regulatory hurdles to clear and to keep having to clear. Every single accident that happens and there will be more and there have been some, gets an amount of attention that is disproportionate to auto accidents that don't involve robo-driving, automated driving. I think that the regulatory hurdles are very high and it's worth pursuing, but not pursuing at great cost and I think the costs are being scaled way back at this point.
Deidre Woollard: Yeah. It's interesting because Ford released their updated guidance today, because both of these companies they had to pause their guidance because of the strikes. The other thing that I'm taking away from this is that they're digesting that disruption, but they're also changing their EV strategies a bit. But it's really confusing because they're trying to play both sides. They're scaling back some of the factories, but they're still saying, this is the future we're building toward it. This just seems like such a tough spot. Because, I mean, if you're Tesla, you're only in one direction. But if you're Ford or GM, you're doing gas-powered, you're doing hybrid, you're doing EV. It seems like a lot to straddle.
Bill Barker: Yeah, and I would imagine that if you could track the enthusiasm of their discussion about EV adoption on their own platforms, that it probably would have peaked somewhere around the time that oil peaked. The oil at $76 or whatever it is the second compared to 123 last summer 2022, I think that's a different equation in terms of what the demand for EV is going to be. There's a price at which it becomes much more interesting to car owners, and there's a price at which the cost upfront cost for the vehicle is not that interesting depending on their usage and the cost of gas. That is part of it and the demand increases slower than some have predicted and hoped, and that's also a function of the price of oil in part also in terms of government incentives. Right now not all of those tailwinds are behind EV they were and they will be again at some point, I'm sure that oil will be higher at some points in the future than it is right now.
Deidre Woollard: Yeah, definitely. We know where things are going it's a question of when we get there. I think the other thing is the charging problem still has not been solved. The range anxiety thing is real, a co-worker of ours went up to Boston over Thanksgiving and an eight-hour, nine-hour drive actually took him like 12 hours partly because he had to stop and try to find a charging station. I feel like until we solve that problem it's not going to be full steam ahead, there's still a lot of concern I think about that for potential buyers.
Bill Barker: Certainly, Americans are used to long distances compared to many other countries in terms of how far apart families live and the willingness of Americans to relocate to different parts of the country and have friends in different parts. I think that the drive distances are greater here on the average holiday trip and for other trips, so I think the range if they all could do make up whatever number you want 700 miles. I made that one up now it's your turn [laughs] make up a different number.
Deidre Woollard: I think most people would be happy with 500.
Bill Barker: Five hundred, yes. [laughs] When they can reliably give you 500 miles under all conditions that will help, that will help a lot. That's enough to cover all the driving you're probably going to want to do in most days.
Deidre Woollard: Yeah, no doubt. I'm going to switch to talking a little bit about tech. Not either of us are not [laughs] an expert on that, but there's something you said about the EV and the hype cycle and I feel like right now we're in a little bit of the cybersecurity and AI combo hype cycle of, we have to go in this direction, companies have to spend on it, they've got no choice. I don't know I've been through so many booms and busts that I'm very cynical, and one of the things I think about is that you don't ever know when the cycle is going to end. I'm thinking about cybersecurity at some point don't these companies catch up with this and it and we're ever escalating, like there's a hack and then we fix it and then there's another hack. Does that eventually stop?
Bill Barker: No.
Deidre Woollard: Does it get any better? [laughs] Please tell me it get better, let's just dream it gets better.
Bill Barker: I would think you're taking two concepts that have relation and mixing them together makes for a particularly potent potential trouble cybersecurity and AI. You throw AI at creating more security issues it'll be used by good and bad, and so you can throw more AI to find more ways to penetrate to cybersecurity and then you could throw AI at more ways to prevent that happening and that keeps escalating. I think it's a good field I would say. I can't imagine from the exquisitely little I know about cybersecurity that it can be cured.
Deidre Woollard: I don't think it can be cured but I do think that the current expansion of these businesses won't last forever, because it just can't there's only so far you can grow. But I think it's an interesting time to watch these businesses, the one that I'm concerned about not because of their numbers but because their security breach is Okta. They had this breach they announced it happened in October, we found out yesterday it's way worse than they thought. How do you deal with that moment in a business when there's this like loss of faith and you don't know how big it's going to be.
Bill Barker: Preferably you're honest about what and I'm not sure that Okta delivered the information in September in a way that is going to increase trust, given what appears to be the scope of the problem here. That is a big problem for a security company and it's reflected in the stock, it's no higher today than it was five years ago. Business has increased in the last five years dramatically but not Okta's price and that is on them. It doesn't appear to be a particularly impenetrable cybersecurity program that they offer.
Deidre Woollard: Not at this point they've got work to do. In the second half of the show we've got a conversation between Mary Long and David Meier about businesses with second acts. Salesforce feels like one of those to me right now because of course, it started off as CRM database company, its ticker is CRM. Lost their way a little bit with so many acquisitions including Slack which they still haven't fully harnessed in my opinion, then they got religion gained financial focus at the same time the AI trend hit and really gassed everything for them and they were able to capitalize on that with their Einstein and with their data Cloud. Stock is up about 70% of the year I don't know if this is luck or skill, does it even matter which one it is?
Bill Barker: Certainly. The skill would be the one you would want to choose in terms of [laughs] increasing your business over time. The 70% is a function of at least as much luck as skill. That being the bad luck of last year's returns, creating stock prices going into January 1st of this year, that were ones that the entire industry has benefited from. I think when NASDAQ is up maybe 36% as of some time today, from the beginning of the year, Salesforce at 70% has both outperformed and probably underperformed last year. I don't have the number in front of me on what they did in terms of the stock, but I think that was part of it. That's a part of the cycle that you get into with any investment in the market. But if they stay away from the acquisitions, major acquisitions at premium prices, which Slack seems to be an example of, that was not something that the market wanted to see more of. They seem to have heard that and adjusted toward what is something relatively new, which is to focus on profitability rather than growth. It's nice when you have the levers that they have, the size that they have to say, well, let's just get better at margins, and to see dramatically improved profitability from pursuing something today that you haven't been pursuing previously.
Deidre Woollard: I think they were able to move really quickly into the AI space because they were well-prepared which was helpful. With Slack, it's interesting to me because they just went through another CEO switch. Their previous CEO wasn't there even a full year, I think, before she went on Bumble. I love Slack as a tool, we use it here at the Fool. I want to see it integrated into things. I'm not sure that they've fully figured it out yet. What do you think?
Bill Barker: I am one of those people that doesn't see Slack is all that much more valuable than the things which preceded it [laughs] including email. Their net is a little bit more valuable and I could probably be better in my usage of it. It's here for us, but $28 billion for it seems bizarrely high to me. I think that was a function of the prices back at that point in time. As you say, it doesn't seem to have been integrated in a way that makes it indispensable at all.
Deidre Woollard: I'm not sure if it's in this. I think it's certainly the idea of it is indispensable. Whether Slack itself is, who knows?
Bill Barker: Well, I think that there are competitors that do things which are probably very competitive. I don't know what the moat really is here. There's some switching costs, but they don't seem all that great to me. If we just used a different system, people would have to create the channels that are created now, and some of the conversations historic would be lost in the process, but it doesn't seem because of the ease of use of both it and its competitors, that the switching costs are enough to justify. As I say, the bright look it's certainly worth something. Just I don't think it's worth the price they paid.
Deidre Woollard: We will always find a way to communicate. Thanks for breaking it down with me today, Bill.
Bill Barker: Thank you.
Deidre Woollard: The analysts you hear on the show have a whole other day job providing premium coverage and recommendations for the Motley Fool suite of stock investing services, giving our listeners a discount on Motley Fool's flagship service. It's called Stock Advisor. If you're interested in more analysis from our team, two stock recommendations per month, and access to Stock Advisor's Fool scorecard of companies, visit www.fool.com/mfmdiscount. Once upon a time, Blackberry and Garmin were at the top of the world. Then came the iPhone. Mary Long and David Meier talk about two very different turnaround stories and lessons learned from each that investors can apply to stock hunting today.
Mary Long: David, I've been thinking a lot about the early 2000s. Back then when I heard cellphone, I thought Blackberry or Motorola Razor, but that's a different story. [laughs] When I heard GPS, I thought Garmin, and I have very vivid memories from the back seat of my parents' car to prove it. Today, both of those companies, Blackberry and Garmin, technically live on. But I'd argue very different ways than they once did. I want to talk about that transition. That second act of each company. First, let's hop in the time machine. Let's go back to the early 2000s, and talk a bit about that first act of each company. Way back when what made each company so great?
David Meier: A lot was happening in the early 2000s. A whole heck of a lot in terms of technology, and Blackberry was at the forefront of secure mobile communications. Basically, their claim to fame at the time was you as a business executive and all your employees could communicate back and forth securely. No one was going to interrupt your message. No one was going to steal anything from you only if you used a Blackberry, and they made a huge name for themselves in that. But if you go over to Garmin, Garmin has a little bit of a, we'll call it a less sexy beginning. They wanted to help planes navigate through the air better, and so they were at the forefront of GPS-enabled devices. They started with airplanes, they started with boats. Their first customer was actually the military. They have come to very different places in their life, [laughs] as we'll get to.
Mary Long: Maybe our best move is to get the bad news out of the way first because as you said, both these companies ended up in pretty different spots. We'll start with Blackberry. In 2007, 2008, they had a market cap of $83.2 billion. Today, that's $2 billion. Does not take a pro to understand that that is a bad slump. [laughs] They're also no longer a mobile phone maker. Instead, they specialize in enterprise mobility management suites [laughs]. Can you translate, a, what that means, then talk a bit about why and how this pivot happened?
David Meier: Yes. That is a fancy way of saying cybersecurity [laughs] with an emphasis on what is called endpoint security. If we think about it, it's actually not a bad pivot for them. Because again, what they became successful at was securing mobile devices. There were tons of phones out there, and they made sure that no one could get into them and no one could steal data from them. That's exactly what endpoint security is. The problem is, is that pivot happened way too late. That's a mature part of cybersecurity.
David Meier: There's plenty of competition within there and as you and I have talked about before, when you get a one-stop shop like a Palo Alto, who says by the way we'll throw in endpoint security [laughs] as a part of the package. It's difficult for them to take what they've been successful at and retransfer that into a different market. Essentially that's the issue. They have not been able to actually pivot into something new or an extension or pivot successfully into an extension of their technology.
Mary Long: As of the most recent quarter 59% of Blackberry's revenue. So $79 million out of 132 million total, came from the cybersecurity portfolio. They've been talking about this turnaround for forever. But is there a world in which this company comes back from the dead by becoming a more legitimate or a more serious player in the cybersecurity market?
David Meier: I won't go so far as to give it 100%. No, there's no chance that it is going to happen. But again, it's very difficult. They're late to the game. They're coming at it without the benefit of having proper salesforce, proper marketing. The current that they're swimming against upstream is just so fast that I just don't see it happening.
Mary Long: So now we'll go to a happier story. Garmin leaned into what it knew well. And has become I would say a premier company for GPS-enabled navigation communication devices. They make fitness wearables, chest strap, heart monitors, fish finders and sonar applications, aviation navigation tools, auto infotainment systems. The list goes on. It's pretty extensive. In 2008 right around the same time that smartphones and the ubiquity of Google Maps were starting to take place. Garmin was effectively declared dead in the water.
David Meier: Yeah.
Mary Long: All of those trends did not paint a pretty picture for its future. November 2008, Garmin is trading for about $17 a share. Today it's about $120 so up just over 7X. Much prettier happier story than what happened with Blackberry. How did this turnaround happen?
David Meier: This is a really interesting question because one, this turnaround took a long time. Two, it was not glamorous at all. So let me give some context about what was going on. You're exactly right. Garmin known for GPS was really seeing tremendous sales growth during that time. And then more and more people got into the GPS business. That had an impact on Garmin, as one would expect. We have to remember Garmin wasn't in the business of selling a smartphone or selling you a smartwatch as we know it today. They had their devices. They had the backing of the GPS location-based technology. The software that they had developed. The mapping technology of how to use, and they were figuring out other things that they could do as an extension of their brand. They were just getting into wearables, but they had the base of the aircraft market GPS location, as well as marine boats and things like that. Quite frankly, the biggest thing that management did was not do something stupid. What do I mean by that? The company let their sales actually shrink and some of it was market forces, but what they did was they made sure that their company was generating cash. And all throughout that time, they were paying a dividend and they were raising their dividend. So let's think about that for a second. Here's a technology company that did not go out and make a whole bunch of acquisitions with the capital that it had. It started returning capital to shareholders and then started thinking about. Let's try this, let's try this product. Let's try that product. Let's see what catches on. Where else can we extend our technology base into, and slowly by slowly, I mean over a decade. They just kept at it, kept going and going and going and whatever money they didn't need, they returned to shareholders. Again, this is the most unglamorous turnaround you have ever seen [laughs]. But it worked and the way it worked because the business stayed healthy.
Mary Long: This pivots away from Blackberry and Garmin. Are there any companies you're looking at today that are in the middle of a turnaround and that could go the way of either of these companies?
David Meier: Yes. I have three that I've been looking at for a little while and they're in different stages and I look forward to talking a little bit more about them. So the first one is ZipRecruiter. This company has been communicating with its shareholders like look, job listings are down. Companies are pulling their job listings. That's hurting our business. The business has suffered, the stock has suffered. I'm looking at that as one potential turnaround. Another turnaround. A company that I've been very familiar with is called Everbridge. What they do is they put out emergency communications. They have software that allows businesses, and municipalities and things like that to say, hey, there's an issue, you all need to know about it, and here's what you need to do about it. Their CEO abruptly left and basically forced the company into a panic. They've also had some follow on issues with that, but that's a little bit of a different turnaround. Teledoc is another one that I'm looking at. This is a company that basically started pioneering telemedicine. They started making a whole bunch of acquisitions. We're going to get big, we're going to cover all the healthcare verticals, and that just stopped working. Now, I still believe in telehealth. I think it is part of the future. But the question is how long, what has to happen in order for Teledoc to turn its business around and be successful? Those are three types of turnarounds. I think you're probably going to ask me, what's the difference between the three? What am I looking for? [laughs]
Mary Long: Exactly. It's one thing we've been talking about, black bear and garmin. It's one thing to look back after 10+ years and say, this is why one succeeded and the other just couldn't make it happen.
David Meier: Yes.
Mary Long: When you're in the middle of it, [laughs] what are you looking for?
David Meier: Yes. Let me quickly walk through, you know what I'm thinking for each. So I think with the ZipRecruiter turnaround, that's probably one that's most straightforward. You will get labor market data, will get communications from management that say, "Hey, you know, job listings have started to return". That's a very simple way of looking as is ZipRecruiter turning around. I don't think this business is damaged. There's no one in there who is disrupting ZipRecruiter at the time. We just need the macro data that influences ZipRecruiter revenue to get better. We can see that. We can see that one happen. So we're just waiting for the data to get better, or since we're confident that's what it is, we're waiting for the price to get super cheap. Okay, I'm willing to take a risk and wait 6 months for the data to get better, or 12 months or whatever, but it's probably not a 10-year venture. Everbridge. Oh my goodness. What did they have to do? They had to get an interim CEO, then they had to find a new CEO. Then they had to figure out, well, has my business been damaged in any way? Because maybe some potential customers decided not to do some deals with us because we didn't have a CEO, a regular CEO at the time.
This one's a little more difficult I have to figure out, has this company's business, its business model, has it been damaged to the point where people are saying, no, we'll look for different alternatives, or can they get their magic back, if you will, and really start growing. We're talking here maybe a 2 to 3 year time frame. ZipRecruiter 6 to 12 months. Everbridge, maybe 2 to 3 years. Teledoc, is telemedicine has that been commoditized? Is there basically the answer or what you can infer from a question like that is. Will Teledoc ever get its mojo back? I don't know. This could take a very long time and the stock could really do nothing or even in fact, you know, decline further if there's difficulties along the way. Real quick to bring this to a framework, it depends on the situation. Is there an immediate near-term catalyst that I can see? You have to ask how badly has a company's business model been damaged by a situation and then that's the Everbridge. Then with Teledoc, is this going from a disruptor basically into a business that's been commoditized. At which point the thesis is broken. Just there's no amount of time that I'm going to wait. I'm just going to move on to the next thing.
Deidre Woollard: As always, people on the program may have interest in the stocks they talk about and the motley fool may have formal recommendations for or against, so don't buy or sell stocks based solely on what you hear. I'm Deidre Woollard. Thanks for listening. We'll see you tomorrow.
Bill Barker has no position in any of the stocks mentioned. David Meier has no position in any of the stocks mentioned. Deidre Woollard has no position in any of the stocks mentioned. Mary Long has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Everbridge, Garmin, Okta, Palo Alto Networks, Salesforce, and Tesla. The Motley Fool recommends BlackBerry, Bumble, and General Motors and recommends the following options: long January 2025 $25 calls on General Motors. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The range anxiety thing is real, a co-worker of ours went up to Boston over Thanksgiving and an eight-hour, nine-hour drive actually took him like 12 hours partly because he had to stop and try to find a charging station. Lost their way a little bit with so many acquisitions including Slack which they still haven't fully harnessed in my opinion, then they got religion gained financial focus at the same time the AI trend hit and really gassed everything for them and they were able to capitalize on that with their Einstein and with their data Cloud. They make fitness wearables, chest strap, heart monitors, fish finders and sonar applications, aviation navigation tools, auto infotainment systems.
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In this podcast, Motley Fool analyst Bill Barker and host Deidre Woollard discuss: If we are already in a Santa Claus rally. Motley Fool host Mary Long and analyst David Meier discuss the "second acts" of BlackBerry and Garmin, and take a look at three other stocks in the midst of a turnaround. The Motley Fool recommends BlackBerry, Bumble, and General Motors and recommends the following options: long January 2025 $25 calls on General Motors.
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Motley Fool host Mary Long and analyst David Meier discuss the "second acts" of BlackBerry and Garmin, and take a look at three other stocks in the midst of a turnaround. Deidre Woollard: I don't think it can be cured but I do think that the current expansion of these businesses won't last forever, because it just can't there's only so far you can grow. Deidre Woollard: As always, people on the program may have interest in the stocks they talk about and the motley fool may have formal recommendations for or against, so don't buy or sell stocks based solely on what you hear.
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Bill Barker: I don't know. Deidre Woollard: I don't drive a lot of trucks. I don't know.
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2023-12-12 00:00:00 UTC
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4 Construction & Mining Equipment Stocks Defying Industry Odds
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https://www.nasdaq.com/articles/4-construction-mining-equipment-stocks-defying-industry-odds
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The Zacks Manufacturing - Construction and Mining industry faces challenges due to a decline in orders, reflecting subdued customer spending. While elevated input costs pose a concern, signs of improving supply-chain issues offer some respite.
Despite this setback, increased infrastructure investment in the United States and demand from the mining sector, driven by the energy transition trend, are expected to buoy the industry. Key players, such as Caterpillar Inc. CAT, Terex TEX, H&E Equipment Services HEES and Manitowoc MTW, are poised to benefit from these trends. Their emphasis on introducing technologically advanced products, productivity and efficiency enhancements will aid growth.
About the Industry
The Zacks Manufacturing - Construction and Mining industry comprises companies that manufacture and sell construction, mining and utility equipment. They support customers using machinery in the construction of commercial, institutional and residential buildings, and infrastructure projects. Their equipment is also utilized in underground mining, drilling and mineral processing, and surface mining to extract and haul copper, iron ore, coal, oil sands, aggregates, gold, and other minerals and ores. Their products are varied, including loaders, pavers, dozers, excavators, concrete mixer trucks, crushing, pulverizing, and screening equipment, tractors and cranes. Industry participants support oil and gas, power generation, marine, rail, and industrial applications through their reciprocating engines, generator sets, gas turbines and turbine-related services.
Trends Shaping the Future of the Manufacturing - Construction and Mining Industry
13-Month Contraction Streak in U.S. Manufacturing Acts as a Woe: Per the Federal Reserve’s latest update, industrial production dipped 0.6% in October 2023, with manufacturing output falling 0.7%. Overall, industrial production has slipped 0.7% over the 12 months ended October 2023. The Institute for Supply Management’s manufacturing index was 46.7% in November, contracting for the 13th month in a row. The average for the 12 months ended November 2023 is 47.2%. Customers have been curbing their spending amid the ongoing uncertainty in the global economy and persisting inflationary trends. The New Orders Index was 48.3% in November, languishing in the contraction territory for 15 months. Companies are still managing outputs appropriately as order softness continues. The industry has also been bearing the brunt of supply-chain issues. Some industry players have recently noted that supply-chain issues are easing.
Energy Transition Trend, Construction Spending to Aid the Industry: The intensifying global focus on shifting from fossil fuels to zero emissions will require a large number of commodities, which, in turn, will support mining equipment demand in the years to come. The U.S. government's plans to increase investment in infrastructure construction, particularly in critical subsectors, such as transportation, water and sewerage, and telecommunications, should support demand in the coming years.
Higher Pricing, Cost Cuts to Boost Margins: The industry is facing input cost inflation, and transport and logistic costs. Industry players are focusing on pricing actions and efforts to improve productivity and efficiency. They are constantly implementing cost-reduction actions, which are likely to help sustain margins in this scenario. The companies are focused on streamlining their operations and realigning around high-growth key markets or customer segments to enhance their performances.
Investment in Digital Initiatives a Key Catalyst: Industry participants are investing in digital initiatives like AI, cloud computing, advanced analytics and robotics. Digital transformation aids organizations in boosting productivity and increasing efficiency, reliability and safety, thereby enriching customer satisfaction. With the pressing need to cut carbon emissions, companies worldwide are relying more on autonomous machinery. Thus, players in the industry are stepping up their research and technological capabilities to bring products into the market equipped with the latest technology.
Zacks Industry Rank Indicates Weak Prospects
The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates dim prospects in the near term. The Zacks Manufacturing - Construction and Mining industry, which is part of the broader Zacks Industrial Products Sector currently, carries a Zacks Industry Rank #230, which places it at the bottom 8% of 252 Zacks industries.
Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Before we present a few stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock-market performance and valuation picture.
Industry Versus Broader Market
The Manufacturing - Construction and Mining industry has underperformed the Zacks S&P 500 composite but beat its sector over the past year.
Over this period, the industry has risen 10.8% compared with the sector’s growth of 5.1%. The Zacks S&P 500 composite has moved up 16%.
One-Year Price Performance
Industry's Current Valuation
On the basis of the forward 12-month EV/EBITDA ratio, a commonly used multiple for valuing Manufacturing - Construction and Mining companies, we see that the industry is currently trading at 9.04 compared with the S&P 500’s 10.96 and the Industrial Products sector’s trailing 12-month EV/EBITDA of 16.13. This is shown in the charts below.
Enterprise Value/EBITDA (EV/EBITDA) F12M Ratio
Enterprise Value/EBITDA (EV/EBITDA) F12M Ratio
Over the last five years, the industry traded as high as 14.83 and as low as 7.04, the median being 10.20.
4 Manufacturing - Construction & Mining Stocks to Watch
H&E Equipment Services: The company reported a record adjusted EBITDA of $189 million, with an adjusted EBITDA margin of 47.2% (a year-over-year expansion of 440 basis points) in the third quarter of 2023. This was attributed to solid industry conditions, and the company’s strong fleet growth and branch expansion. Owing to the higher interest rates and delays seen in equipment deliverability, customers now prefer renting equipment rather than owning it, which works in favor of HEES. The company’s fleet investment through the first nine months of 2023 was a record $595.2 million and its fleet size was higher than $2.7 billion as of Sep 30, 2023. HEES boasts the youngest fleet in the industry, with an average rental fleet age of 41.1 months as of Sep 30, 2023 (versus the industry’s 49.2 months). To capitalize on the ongoing demand, HEES has upped its gross fleet investment target to $650-$700 million for 2023. H&E also continues to grow its branch network through organic expansion and acquisitions, with 17 branches added from January to November 2023. It has recently agreed to acquire Precision Rentals, which will add two more locations. The company’s shares have gained 4% over the past year.
Baton Rouge, LA-based H&E Equipment Services is one of the largest integrated equipment services companies in the United States. The Zacks Consensus Estimate for fiscal 2023 earnings indicates year-over-year growth of 21.6%. The consensus mark has moved up 8% over the past 60 days. HEES has a trailing four-quarter earnings surprise of 21.4%, on average and an estimated long-term earnings growth rate of 13.4%. The company currently carries a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Price & Consensus: HEES
Caterpillar: The company’s revenues and earnings have been growing year over year for 11 straight quarters, owing to its cost-saving actions, strong end-market demand and pricing actions. CAT ended the third quarter of 2023 with an impressive backlog of $28.1 billion, which will support the company’s top line in the upcoming quarters. Caterpillar is anticipated to gain from strength in residential construction and non-residential construction in the United States. It is funding initiatives focused on areas of expanded offerings and services, and digital initiatives like e-commerce, sustainability and electrification, which will drive long-term growth. The stock has gained around 11% in a year, aided by these tailwinds.
Known for its iconic yellow machines, Caterpillar is the largest global construction and mining equipment manufacturer. The Zacks Consensus Estimate for CAT’s 2023 earnings indicates year-over-year growth of 48.7%. Earnings estimates have moved up 4% over the past 60 days. Caterpillar has a trailing four-quarter earnings surprise of 16.6%, on average. CAT has an estimated long-term earnings growth rate of 12%. The company currently carries a Zacks Rank #3.
Price & Consensus: CAT
Terex: The company has been delivering year-over-year earnings growth over the past 11 quarters, benefiting from strong demand and improved volumes. Its backlog was $3.3 billion at the end of third-quarter 2023, the second highest in recent history. This positions the company well for improved results in the coming quarters. TEX is progressing well on its “Execute, Innovate, Grow" strategy, which should drive growth. In sync with this, the company is investing in innovative products, digital innovation, the expansion of manufacturing facilities and strategic acquisitions. TEX shares have gained 18% over the past year.
Norwalk, CT-based Terex manufactures and sells aerial work platforms and material processing machinery worldwide. The Zacks Consensus Estimate for 2023 earnings indicates year-over-year growth of 60.9%. Earnings estimates have moved north by 2% over the past 60 days. TEX has a trailing four-quarter earnings surprise of 30.4%, on average, and an estimated long-term earnings growth rate of 11.7%. The company currently carries a Zacks Rank #3.
Price & Consensus: TEX
Manitowoc: The company has been witnessing high customer demand, as evident from its higher order levels and backlog. Backed by this, its share price has increased 53% in the past year. The company’s innovation pipeline has been robust and its aftermarket business has been performing well. MTW remains focused on improving this crucial part of its business. The company is committed to cash preservation and balance sheet management, while funding critical programs for growth. Given that the tower crane market in China is the largest in the world, Manitowoc is scaling up its China tower crane business. It is also expanding its tower crane rental fleet in Europe. These strategic initiatives, along with MTW’s pursuit of acquisition opportunities to accelerate product development programs in its all-terrain product line, will help drive long-term growth.
Milwaukee, WI-based Manitowoc provides engineered lifting solutions in the Americas, Europe, Africa, the Middle East and the Asia Pacific. The Zacks Consensus Estimate for this year’s earnings has increased 10% in the past 60 days. The consensus mark indicates year-over-year growth of 53%. The company has a trailing four-quarter earnings surprise of 885%, on average. MTW currently carries a Zacks Rank #3.
Price & Consensus: MTW
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.
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Caterpillar Inc. (CAT) : Free Stock Analysis Report
The Manitowoc Company, Inc. (MTW) : Free Stock Analysis Report
Terex Corporation (TEX) : Free Stock Analysis Report
H&E Equipment Services, Inc. (HEES) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Despite this setback, increased infrastructure investment in the United States and demand from the mining sector, driven by the energy transition trend, are expected to buoy the industry. Their products are varied, including loaders, pavers, dozers, excavators, concrete mixer trucks, crushing, pulverizing, and screening equipment, tractors and cranes. Energy Transition Trend, Construction Spending to Aid the Industry: The intensifying global focus on shifting from fossil fuels to zero emissions will require a large number of commodities, which, in turn, will support mining equipment demand in the years to come.
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The Zacks Manufacturing - Construction and Mining industry, which is part of the broader Zacks Industrial Products Sector currently, carries a Zacks Industry Rank #230, which places it at the bottom 8% of 252 Zacks industries. 4 Manufacturing - Construction & Mining Stocks to Watch H&E Equipment Services: The company reported a record adjusted EBITDA of $189 million, with an adjusted EBITDA margin of 47.2% (a year-over-year expansion of 440 basis points) in the third quarter of 2023. Click to get this free report Caterpillar Inc. (CAT) : Free Stock Analysis Report The Manitowoc Company, Inc. (MTW) : Free Stock Analysis Report Terex Corporation (TEX) : Free Stock Analysis Report H&E Equipment Services, Inc. (HEES) : Free Stock Analysis Report To read this article on Zacks.com click here.
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About the Industry The Zacks Manufacturing - Construction and Mining industry comprises companies that manufacture and sell construction, mining and utility equipment. The Zacks Manufacturing - Construction and Mining industry, which is part of the broader Zacks Industrial Products Sector currently, carries a Zacks Industry Rank #230, which places it at the bottom 8% of 252 Zacks industries. Click to get this free report Caterpillar Inc. (CAT) : Free Stock Analysis Report The Manitowoc Company, Inc. (MTW) : Free Stock Analysis Report Terex Corporation (TEX) : Free Stock Analysis Report H&E Equipment Services, Inc. (HEES) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Manufacturing - Construction and Mining industry, which is part of the broader Zacks Industrial Products Sector currently, carries a Zacks Industry Rank #230, which places it at the bottom 8% of 252 Zacks industries. It is also expanding its tower crane rental fleet in Europe. Want the latest recommendations from Zacks Investment Research?
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3b0bcab0-73a6-422e-8cbd-cee27926828b
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2023-12-12 00:00:00 UTC
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PPG Industries (PPG) Stock Drops Despite Market Gains: Important Facts to Note
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DCOMP
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https://www.nasdaq.com/articles/ppg-industries-ppg-stock-drops-despite-market-gains%3A-important-facts-to-note
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In the latest trading session, PPG Industries (PPG) closed at $145.37, marking a -0.32% move from the previous day. This change lagged the S&P 500's daily gain of 0.46%. Elsewhere, the Dow gained 0.48%, while the tech-heavy Nasdaq added 0.7%.
The the stock of paint and coatings maker has risen by 12.81% in the past month, leading the Basic Materials sector's gain of 5.86% and the S&P 500's gain of 4.85%.
Market participants will be closely following the financial results of PPG Industries in its upcoming release. The company's upcoming EPS is projected at $1.49, signifying a 22.13% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $4.27 billion, indicating a 1.92% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $7.64 per share and revenue of $18.16 billion, indicating changes of +26.28% and +2.89%, respectively, compared to the previous year.
Any recent changes to analyst estimates for PPG Industries should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. As of now, PPG Industries holds a Zacks Rank of #3 (Hold).
Looking at its valuation, PPG Industries is holding a Forward P/E ratio of 19.08. This represents a premium compared to its industry's average Forward P/E of 17.03.
It's also important to note that PPG currently trades at a PEG ratio of 1.23. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Chemical - Specialty industry stood at 2.76 at the close of the market yesterday.
The Chemical - Specialty industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 181, which puts it in the bottom 29% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
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PPG Industries, Inc. (PPG) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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 upcoming EPS is projected at $1.49, signifying a 22.13% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $4.27 billion, indicating a 1.92% upward movement from the same quarter last year. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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In the latest trading session, PPG Industries (PPG) closed at $145.37, marking a -0.32% move from the previous day. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $7.64 per share and revenue of $18.16 billion, indicating changes of +26.28% and +2.89%, respectively, compared to the previous year. Click to get this free report PPG Industries, Inc. (PPG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $7.64 per share and revenue of $18.16 billion, indicating changes of +26.28% and +2.89%, respectively, compared to the previous year. This industry currently has a Zacks Industry Rank of 181, which puts it in the bottom 29% of all 250+ industries. The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups.
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In the latest trading session, PPG Industries (PPG) closed at $145.37, marking a -0.32% move from the previous day. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $7.64 per share and revenue of $18.16 billion, indicating changes of +26.28% and +2.89%, respectively, compared to the previous year. Any recent changes to analyst estimates for PPG Industries should also be noted by investors.
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0e477a3d-f01a-46bb-9b20-254afe0c428a
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712860.0
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2023-12-12 00:00:00 UTC
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Ex-Dividend Reminder: Cadence Bank, Uniti Group and National Storage Affiliates Trust
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DCOMP
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https://www.nasdaq.com/articles/ex-dividend-reminder%3A-cadence-bank-uniti-group-and-national-storage-affiliates-trust
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nan
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nan
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Looking at the universe of stocks we cover at Dividend Channel, on 12/14/23, Cadence Bank (Symbol: CADE), Uniti Group Inc (Symbol: UNIT), and National Storage Affiliates Trust (Symbol: NSA) will all trade ex-dividend for their respective upcoming dividends. Cadence Bank will pay its quarterly dividend of $0.235 on 1/2/24, Uniti Group Inc will pay its quarterly dividend of $0.15 on 1/4/24, and National Storage Affiliates Trust will pay its quarterly dividend of $0.56 on 12/29/23. As a percentage of CADE's recent stock price of $27.86, this dividend works out to approximately 0.84%, so look for shares of Cadence Bank to trade 0.84% lower — all else being equal — when CADE shares open for trading on 12/14/23. Similarly, investors should look for UNIT to open 2.73% lower in price and for NSA to open 1.51% lower, all else being equal.
Below are dividend history charts for CADE, UNIT, and NSA, showing historical dividends prior to the most recent ones declared.
Cadence Bank (Symbol: CADE):
Uniti Group Inc (Symbol: UNIT):
National Storage Affiliates Trust (Symbol: NSA):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 3.37% for Cadence Bank, 10.91% for Uniti Group Inc, and 6.05% for National Storage Affiliates Trust.
In Tuesday trading, Cadence Bank shares are currently up about 0.1%, Uniti Group Inc shares are up about 0.2%, and National Storage Affiliates Trust shares are up about 0.4% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
Also see:
Medical Instruments and Supplies mergers and acquisitions
PTON Average Annual Return
GNW Price Target
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. If they do continue, the current estimated yields on annualized basis would be 3.37% for Cadence Bank, 10.91% for Uniti Group Inc, and 6.05% for National Storage Affiliates Trust. dividend stocks should be on your radar screen » Also see: Medical Instruments and Supplies mergers and acquisitions PTON Average Annual Return GNW Price Target The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/14/23, Cadence Bank (Symbol: CADE), Uniti Group Inc (Symbol: UNIT), and National Storage Affiliates Trust (Symbol: NSA) will all trade ex-dividend for their respective upcoming dividends. Cadence Bank will pay its quarterly dividend of $0.235 on 1/2/24, Uniti Group Inc will pay its quarterly dividend of $0.15 on 1/4/24, and National Storage Affiliates Trust will pay its quarterly dividend of $0.56 on 12/29/23. Cadence Bank (Symbol: CADE): Uniti Group Inc (Symbol: UNIT): National Storage Affiliates Trust (Symbol: NSA): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/14/23, Cadence Bank (Symbol: CADE), Uniti Group Inc (Symbol: UNIT), and National Storage Affiliates Trust (Symbol: NSA) will all trade ex-dividend for their respective upcoming dividends. Cadence Bank will pay its quarterly dividend of $0.235 on 1/2/24, Uniti Group Inc will pay its quarterly dividend of $0.15 on 1/4/24, and National Storage Affiliates Trust will pay its quarterly dividend of $0.56 on 12/29/23. Cadence Bank (Symbol: CADE): Uniti Group Inc (Symbol: UNIT): National Storage Affiliates Trust (Symbol: NSA): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/14/23, Cadence Bank (Symbol: CADE), Uniti Group Inc (Symbol: UNIT), and National Storage Affiliates Trust (Symbol: NSA) will all trade ex-dividend for their respective upcoming dividends. As a percentage of CADE's recent stock price of $27.86, this dividend works out to approximately 0.84%, so look for shares of Cadence Bank to trade 0.84% lower — all else being equal — when CADE shares open for trading on 12/14/23. If they do continue, the current estimated yields on annualized basis would be 3.37% for Cadence Bank, 10.91% for Uniti Group Inc, and 6.05% for National Storage Affiliates Trust.
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9b886b42-80c6-4967-ad87-fb8a64f7833b
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712861.0
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2023-12-12 00:00:00 UTC
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Ex-Dividend Reminder: Meritage Homes, Macy's and Endeavor Group Holdings
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DCOMP
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https://www.nasdaq.com/articles/ex-dividend-reminder%3A-meritage-homes-macys-and-endeavor-group-holdings
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nan
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nan
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Looking at the universe of stocks we cover at Dividend Channel, on 12/14/23, Meritage Homes Corp (Symbol: MTH), Macy's Inc (Symbol: M), and Endeavor Group Holdings Inc (Symbol: EDR) will all trade ex-dividend for their respective upcoming dividends. Meritage Homes Corp will pay its quarterly dividend of $0.27 on 12/29/23, Macy's Inc will pay its quarterly dividend of $0.1654 on 1/2/24, and Endeavor Group Holdings Inc will pay its quarterly dividend of $0.06 on 12/29/23. As a percentage of MTH's recent stock price of $155.58, this dividend works out to approximately 0.17%, so look for shares of Meritage Homes Corp to trade 0.17% lower — all else being equal — when MTH shares open for trading on 12/14/23. Similarly, investors should look for M to open 0.80% lower in price and for EDR to open 0.26% lower, all else being equal.
Below are dividend history charts for MTH, M, and EDR, showing historical dividends prior to the most recent ones declared.
Meritage Homes Corp (Symbol: MTH):
Macy's Inc (Symbol: M):
Endeavor Group Holdings Inc (Symbol: EDR):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 0.69% for Meritage Homes Corp, 3.19% for Macy's Inc, and 1.05% for Endeavor Group Holdings Inc.
In Tuesday trading, Meritage Homes Corp shares are currently off about 1.3%, Macy's Inc shares are up about 19.4%, and Endeavor Group Holdings Inc shares are off about 7.4% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
Also see:
JBHT Split History
PWR DMA
GMRE 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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As a percentage of MTH's recent stock price of $155.58, this dividend works out to approximately 0.17%, so look for shares of Meritage Homes Corp to trade 0.17% lower — all else being equal — when MTH shares open for trading on 12/14/23. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. If they do continue, the current estimated yields on annualized basis would be 0.69% for Meritage Homes Corp, 3.19% for Macy's Inc, and 1.05% for Endeavor Group Holdings Inc.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/14/23, Meritage Homes Corp (Symbol: MTH), Macy's Inc (Symbol: M), and Endeavor Group Holdings Inc (Symbol: EDR) will all trade ex-dividend for their respective upcoming dividends. Meritage Homes Corp will pay its quarterly dividend of $0.27 on 12/29/23, Macy's Inc will pay its quarterly dividend of $0.1654 on 1/2/24, and Endeavor Group Holdings Inc will pay its quarterly dividend of $0.06 on 12/29/23. Meritage Homes Corp (Symbol: MTH): Macy's Inc (Symbol: M): Endeavor Group Holdings Inc (Symbol: EDR): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/14/23, Meritage Homes Corp (Symbol: MTH), Macy's Inc (Symbol: M), and Endeavor Group Holdings Inc (Symbol: EDR) will all trade ex-dividend for their respective upcoming dividends. Meritage Homes Corp will pay its quarterly dividend of $0.27 on 12/29/23, Macy's Inc will pay its quarterly dividend of $0.1654 on 1/2/24, and Endeavor Group Holdings Inc will pay its quarterly dividend of $0.06 on 12/29/23. Meritage Homes Corp (Symbol: MTH): Macy's Inc (Symbol: M): Endeavor Group Holdings Inc (Symbol: EDR): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/14/23, Meritage Homes Corp (Symbol: MTH), Macy's Inc (Symbol: M), and Endeavor Group Holdings Inc (Symbol: EDR) will all trade ex-dividend for their respective upcoming dividends. As a percentage of MTH's recent stock price of $155.58, this dividend works out to approximately 0.17%, so look for shares of Meritage Homes Corp to trade 0.17% lower — all else being equal — when MTH shares open for trading on 12/14/23. If they do continue, the current estimated yields on annualized basis would be 0.69% for Meritage Homes Corp, 3.19% for Macy's Inc, and 1.05% for Endeavor Group Holdings Inc.
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ecd9637f-242c-47b2-aaa8-ad9dfd3bb5fc
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712862.0
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2023-12-12 00:00:00 UTC
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Silicon Motion (SIMO) Restructures Businesses to Spur Growth
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DCOMP
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https://www.nasdaq.com/articles/silicon-motion-simo-restructures-businesses-to-spur-growth
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nan
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nan
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Silicon Motion Technology Corporation SIMO has restructured its organizational framework to boost growth amid a challenging macroeconomic environment. In addition, the company has executed some management changes to better navigate the volatile market conditions.
Effective immediately, the changes include the establishment of two business units, namely the Client & Automotive Storage (“CAS”) and the Enterprise Storage & Display Interface Solution (“ESDI”), with a focus on delivering the best-in-class solutions for customers. The CAS business unit comprises the company’s client SSD controllers, mobile controllers, Ferri products and expandable controllers, while the ESDI unit encompasses the enterprise SSD controllers and display interface products.
The dedicated business units will enable Silicon Motion to develop the most advanced controller technology and deliver industry-leading solutions to tap new market segments for long-term growth. The core focus on controller technology was primarily driven by the increasing adoption of NAND in consumer, industrial, commercial and enterprise applications.
The company appears to be well-equipped to adapt to industry changes. It has collaborated with flash vendors to develop proprietary controller technology to overcome the existing weakness of 3D NAND and outshine peers. It has commenced initial sales of 3D SSD controllers to flash partners. The company expects this controller to be a significant SSD controller growth driver for the next year as NAND Flash partners’ 3D capacity expands. Also, the company commenced mass production of PCIe NVMe client SSD controllers for flash partners. We believe accelerated product sales and favorable industry trends signal bright prospects for Silicon Motion.
Silicon Motion has expanded its SSD controller program engagements with PC OEMs and eMMC/UFS controllers for smartphones, automotive applications and IoT/smart devices. The company is adding to this momentum with the upcoming launch of its next-generation enterprise-class SSD controllers. Silicon Motion’s eMMC is showing strong signals of rebound, thereby adding to the strength of its overall embedded storage market that comprises both SSD controllers and eMMC embedded memory.
As market trends suggest the tilting of balance from eMMC 4.5 toward eMMC 5.0, the company foresees lucrative prospects for eMMC 5.1 controller sales. We believe an expanding customer base and innovative products will likely act as tailwinds for the company’s top-line growth. Notably, over the last 10 years, Silicon Motion has shipped more than 5 billion controllers cumulatively – more than any other company in the world. On a yearly basis, Silicon Motion ships more than 750 million NAND controllers.
Shares of the company have lost 11.6% in the past year against the industry’s growth of 56.6%.
Image Source: Zacks Investment Research
Zacks Rank & Key Picks
Silicon Motion presently has a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Comtech Telecommunications Corp. CMTL, presently carrying a Zacks Rank #2 (Buy), is a solid pick. Headquartered in Melville, NY, the company is a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies to commercial and government customers.
Comtech’s key satellite earth station modems incorporate forward error correction and bandwidth compression technologies, which enable its customers to optimize their satellite networks by either reducing their satellite transponder lease costs or increasing data.
Arista Networks, Inc. ANET, carrying a Zacks Rank #2 at present, is likely to benefit from strong momentum and diversification across its top verticals and product lines. The company has a software-driven, data-centric approach to help customers build their cloud architectures and enhance their cloud experiences. Arista has a long-term earnings growth expectation of 20.4% and delivered an earnings surprise of 12%, on average, in the trailing four quarters.
It holds a leadership position in 100-gigabit Ethernet switching share in port for the high-speed datacenter segment. Arista is increasingly gaining market traction in 200- and 400-gig high-performance switching products and remains well-positioned for healthy growth in data-driven cloud networking business with proactive platforms and predictive operations.
AudioCodes Ltd. AUDC currently carries a Zacks Rank #2. It has a long-term earnings growth expectation of 24.8% and delivered an earnings surprise of 14%, on average, in the trailing four quarters.
Headquartered in Lod, Israel, AudioCodes offers advanced communications software, products, and productivity solutions for the digital workplace. It provides a broad range of innovative products, solutions and services that are used by large multi-national enterprises and leading tier-1 operators around the world.
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
Silicon Motion Technology Corporation (SIMO) : Free Stock Analysis Report
Comtech Telecommunications Corp. (CMTL) : Free Stock Analysis Report
AudioCodes Ltd. (AUDC) : Free Stock Analysis Report
Arista Networks, Inc. (ANET) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The dedicated business units will enable Silicon Motion to develop the most advanced controller technology and deliver industry-leading solutions to tap new market segments for long-term growth. Headquartered in Melville, NY, the company is a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies to commercial and government customers. Arista is increasingly gaining market traction in 200- and 400-gig high-performance switching products and remains well-positioned for healthy growth in data-driven cloud networking business with proactive platforms and predictive operations.
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The CAS business unit comprises the company’s client SSD controllers, mobile controllers, Ferri products and expandable controllers, while the ESDI unit encompasses the enterprise SSD controllers and display interface products. Image Source: Zacks Investment Research Zacks Rank & Key Picks Silicon Motion presently has a Zacks Rank #3 (Hold). Click to get this free report Silicon Motion Technology Corporation (SIMO) : Free Stock Analysis Report Comtech Telecommunications Corp. (CMTL) : Free Stock Analysis Report AudioCodes Ltd. (AUDC) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The CAS business unit comprises the company’s client SSD controllers, mobile controllers, Ferri products and expandable controllers, while the ESDI unit encompasses the enterprise SSD controllers and display interface products. Image Source: Zacks Investment Research Zacks Rank & Key Picks Silicon Motion presently has a Zacks Rank #3 (Hold). Click to get this free report Silicon Motion Technology Corporation (SIMO) : Free Stock Analysis Report Comtech Telecommunications Corp. (CMTL) : Free Stock Analysis Report AudioCodes Ltd. (AUDC) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The CAS business unit comprises the company’s client SSD controllers, mobile controllers, Ferri products and expandable controllers, while the ESDI unit encompasses the enterprise SSD controllers and display interface products. The company expects this controller to be a significant SSD controller growth driver for the next year as NAND Flash partners’ 3D capacity expands. Shares of the company have lost 11.6% in the past year against the industry’s growth of 56.6%.
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d5b34e66-9959-408e-ab6c-e93829e135d0
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712863.0
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2023-12-12 00:00:00 UTC
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Dow Movers: INTC, AMGN
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DCOMP
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https://www.nasdaq.com/articles/dow-movers%3A-intc-amgn-0
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nan
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nan
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In early trading on Tuesday, shares of Amgen topped the list of the day's best performing Dow Jones Industrial Average components, trading up 0.9%. Year to date, Amgen registers a 4.6% gain.
And the worst performing Dow component thus far on the day is Intel, trading down 1.6%. Intel is showing a gain of 65.9% looking at the year to date performance.
Two other components making moves today are Chevron, trading down 1.5%, and Nike, trading up 0.8% on the day.
VIDEO: Dow Movers: INTC, AMGN
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In early trading on Tuesday, shares of Amgen topped the list of the day's best performing Dow Jones Industrial Average components, trading up 0.9%. And the worst performing Dow component thus far on the day is Intel, trading down 1.6%. Intel is showing a gain of 65.9% looking at the year to date performance.
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In early trading on Tuesday, shares of Amgen topped the list of the day's best performing Dow Jones Industrial Average components, trading up 0.9%. Year to date, Amgen registers a 4.6% gain. And the worst performing Dow component thus far on the day is Intel, trading down 1.6%.
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In early trading on Tuesday, shares of Amgen topped the list of the day's best performing Dow Jones Industrial Average components, trading up 0.9%. And the worst performing Dow component thus far on the day is Intel, trading down 1.6%. Two other components making moves today are Chevron, trading down 1.5%, and Nike, trading up 0.8% on the day.
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And the worst performing Dow component thus far on the day is Intel, trading down 1.6%. Intel is showing a gain of 65.9% looking at the year to date performance. VIDEO: Dow Movers: INTC, AMGN The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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21b38f87-9447-4e26-b7a1-d5a386341f4b
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712864.0
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2023-12-12 00:00:00 UTC
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Universal Display (OLED) Soars 66% YTD: Will the Trend Last?
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DCOMP
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https://www.nasdaq.com/articles/universal-display-oled-soars-66-ytd%3A-will-the-trend-last
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nan
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nan
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Shares of computer peripherals producer Universal Display Corporation OLED have climbed 65.5% year to date, driven by solid end-market demand across its portfolio on the back of a flexible business model and solid cash flow. Earnings estimates for the current fiscal are up 9% since February this year, implying solid inherent growth potential. With healthy fundamentals, this Zacks Rank #3 (Hold) stock appears primed for further appreciation. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Image Source: Zacks Investment Research
Growth Drivers
Ewing, NJ-based Universal Display is a leading developer of technology and intellectual property (IP) for the Organic Light Emitting Diodes (OLED) market. OLEDs are thin, lightweight and power-efficient solid-state devices that emit light. This can be manufactured on flexible and rigid substrates, making them highly suitable for use in full-color displays and as lighting products.
Universal Display is a dominant provider of OLED technology. The technology is likely to eventually replace LED and liquid crystal display (LCD) technologies due to energy efficiency, higher contrast ratio, better viewing angle, lower video response time and smaller form factor. These superior properties of OLED provide ample room for growth.
Strong end-market demand also presents a significant growth opportunity for Universal Display over the long term. OLED is suitable for commercial usage in a number of industries, including smartphones, television, virtual reality devices and automotive markets.
The increasing proliferation of smartphones, wearables and tablets is driving the adoption of small-area OLEDs. Large-area OLED displays are increasingly used in televisions. Further, unlike LEDs, OLEDs can be viewed directly and doesn’t need diffusers. It is also expected to be cost-effective when manufactured in high volumes, which makes it suitable for commercial application in the solid-state lighting market.
Universal Display’s dominance in OLED technology is primarily driven by its strong portfolio of around 5,500 patents worldwide. The company’s UniversalPHOLED phosphorescent OLED technology produces OLEDs that are four times more efficient than fluorescent OLEDs and significantly more efficient than current LCDs. This provides Universal Display with a competitive advantage over other OLED makers.
Moreover, collaborations with leading centers of excellence like Princeton University, the University of Southern California, the University of Michigan and PPG Industries will continue to strengthen its patent portfolio in the long haul. The development of a blue phosphorescent emissive system is progressing steadily. Management expects the introduction of the entire series of red, green and blue phosphorescent emissive materials to open up several possibilities in a variety of OLED applications.
It has a long-term earnings growth expectation of 21.9% and delivered an earnings surprise of 23.8%, on average, in the trailing four quarters.
Other Key Picks
Comtech Telecommunications Corp. CMTL, carrying a Zacks Rank #2 (Buy), is a solid pick. Headquartered in Melville, NY, the company is a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies to commercial and government customers.
Comtech’s key satellite earth station modems incorporate forward error correction and bandwidth compression technologies, which enable its customers to optimize their satellite networks by either reducing their satellite transponder lease costs or increasing data.
Arista Networks, Inc. ANET, carrying a Zacks Rank #2, is likely to benefit from strong momentum and diversification across its top verticals and product lines. The company has a software-driven, data-centric approach to help customers build their cloud architecture and enhance their cloud experience. Arista has a long-term earnings growth expectation of 20.4% and delivered an earnings surprise of 12%, on average, in the trailing four quarters.
It holds a leadership position in 100-gigabit Ethernet switching share in port for the high-speed datacenter segment. Arista is increasingly gaining market traction in 200- and 400-gig high-performance switching products and remains well-positioned for healthy growth in data-driven cloud networking business with proactive platforms and predictive operations.
AudioCodes Ltd. AUDC carries a Zacks Rank #2. It has a long-term earnings growth expectation of 24.8% and delivered an earnings surprise of 14%, on average, in the trailing four quarters.
Headquartered in Lod, Israel, AudioCodes offers advanced communications software, products, and productivity solutions for the digital workplace. It provides a broad range of innovative products, solutions and services that are used by large multi-national enterprises and leading tier-1 operators around the world.
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
Comtech Telecommunications Corp. (CMTL) : Free Stock Analysis Report
AudioCodes Ltd. (AUDC) : Free Stock Analysis Report
Universal Display Corporation (OLED) : Free Stock Analysis Report
Arista Networks, Inc. (ANET) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Image Source: Zacks Investment Research Growth Drivers Ewing, NJ-based Universal Display is a leading developer of technology and intellectual property (IP) for the Organic Light Emitting Diodes (OLED) market. Headquartered in Melville, NY, the company is a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies to commercial and government customers. Arista is increasingly gaining market traction in 200- and 400-gig high-performance switching products and remains well-positioned for healthy growth in data-driven cloud networking business with proactive platforms and predictive operations.
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Shares of computer peripherals producer Universal Display Corporation OLED have climbed 65.5% year to date, driven by solid end-market demand across its portfolio on the back of a flexible business model and solid cash flow. Other Key Picks Comtech Telecommunications Corp. CMTL, carrying a Zacks Rank #2 (Buy), is a solid pick. Click to get this free report Comtech Telecommunications Corp. (CMTL) : Free Stock Analysis Report AudioCodes Ltd. (AUDC) : Free Stock Analysis Report Universal Display Corporation (OLED) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Image Source: Zacks Investment Research Growth Drivers Ewing, NJ-based Universal Display is a leading developer of technology and intellectual property (IP) for the Organic Light Emitting Diodes (OLED) market. The company’s UniversalPHOLED phosphorescent OLED technology produces OLEDs that are four times more efficient than fluorescent OLEDs and significantly more efficient than current LCDs. Click to get this free report Comtech Telecommunications Corp. (CMTL) : Free Stock Analysis Report AudioCodes Ltd. (AUDC) : Free Stock Analysis Report Universal Display Corporation (OLED) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Universal Display is a dominant provider of OLED technology. It is also expected to be cost-effective when manufactured in high volumes, which makes it suitable for commercial application in the solid-state lighting market. AudioCodes Ltd. AUDC carries a Zacks Rank #2.
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6c969dc4-a123-403a-895b-8b6b0ff5318e
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712865.0
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2023-12-12 00:00:00 UTC
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Here's Why Gartner (IT) Deserves a Spot in Your Portfolio
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DCOMP
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https://www.nasdaq.com/articles/heres-why-gartner-it-deserves-a-spot-in-your-portfolio
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nan
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nan
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Gartner IT has had an impressive run over the past year-to-date period, gaining 36.1% compared with its industry’s 27.8% growth.
Reasons Why IT is an Attractive Pick Now
Solid Rank:
IT currently sports a Zacks Rank #1 (Strong Buy). Our research shows that stocks with a Zacks Rank #1 or 2 (Buy) offer the best investment opportunities. Thus, the company appears to be a compelling investment proposition at the moment.
Positive Earnings Trend Revision:
The Zacks Consensus Estimate of Gartner’s fourth-quarter earnings is pegged at $2.77 per share. The estimate for IT's full year 2023 earnings is pegged at $11.06 per share. This has been revised 9.1% and 8.2% upward, respectively, in the past 60 days. The favorable estimate revision reflects the confidence of brokers in the stock.
Gartner, Inc. Price and Consensus
Gartner, Inc. price-consensus-chart | Gartner, Inc. Quote
Positive Earnings Surprise History:
IT has an impressive earnings surprise history. The company outpaced the Zacks Consensus Estimate in all the trailing four quarters, delivering an earnings surprise of 34.4%, on average.
Bullish Industry Rank:
The industry, to which Gartner belongs, currently has a Zacks Industry Rank of 64 (of 251 groups). Such a solid rank places the industry in the top 25% of the Zacks industries. Studies show that 50% of a stock price movement is directly tied to the performance of the industry group that it hails from.
A mediocre stock in a healthy group is likely to outperform a robust stock in a poor industry. Therefore, taking the industry’s performance into account becomes necessary.
Growth Factors:
Gartner provides valuable and unbiased analysis, aiding organizations in significant cost savings through thorough research. The evolving technology landscape and IoT expansion have blurred physical and digital distinctions, thus making IT crucial for productivity, performance and cybersecurity. Businesses and government agencies rely on Gartner's insights to navigate this dynamic industry, maximizing returns on IT investments.
The company's commitment to shareholder value is evident in its substantial share repurchases, with 3.8 million, 7.3 million and 1.2 million shares bought back in 2022, 2021 and 2020, respectively, totaling $1 billion, $1.7 billion and $176.3 million. These actions reflect confidence in the business and contribute to investor trust and enhanced earnings per share.
Other Stocks to Consider
The following top-ranked stocks from the broader Business Services sector are also worth consideration:
Broadridge Financial Solutions BR: The Zacks Consensus Estimate for Broadridge’s 2023 revenues indicates 7.7% growth from the year-ago figure while earnings are expected to grow 10.1%. The company beat the consensus estimate in three of the past four quarters and matched on one instance, the average surprise being 5.4%.
BR currently carries a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank stocks here.
FTI Consulting FCN: The Zacks Consensus Estimate for FCN’s 2023 revenues indicates 12.1% growth from the year-ago figure while earnings are expected to grow 3.4%. The company beat the consensus estimate in three of the trailing four quarters and missed on one instance, the average surprise being 8.5%.
FCN carries a Zacks Rank of 2 at present.
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
Broadridge Financial Solutions, Inc. (BR) : Free Stock Analysis Report
FTI Consulting, Inc. (FCN) : Free Stock Analysis Report
Gartner, Inc. (IT) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Growth Factors: Gartner provides valuable and unbiased analysis, aiding organizations in significant cost savings through thorough research. The evolving technology landscape and IoT expansion have blurred physical and digital distinctions, thus making IT crucial for productivity, performance and cybersecurity. Businesses and government agencies rely on Gartner's insights to navigate this dynamic industry, maximizing returns on IT investments.
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Gartner, Inc. Price and Consensus Gartner, Inc. price-consensus-chart | Gartner, Inc. Quote Positive Earnings Surprise History: IT has an impressive earnings surprise history. Other Stocks to Consider The following top-ranked stocks from the broader Business Services sector are also worth consideration: Broadridge Financial Solutions BR: The Zacks Consensus Estimate for Broadridge’s 2023 revenues indicates 7.7% growth from the year-ago figure while earnings are expected to grow 10.1%. Click to get this free report Broadridge Financial Solutions, Inc. (BR) : Free Stock Analysis Report FTI Consulting, Inc. (FCN) : Free Stock Analysis Report Gartner, Inc. (IT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Bullish Industry Rank: The industry, to which Gartner belongs, currently has a Zacks Industry Rank of 64 (of 251 groups). Other Stocks to Consider The following top-ranked stocks from the broader Business Services sector are also worth consideration: Broadridge Financial Solutions BR: The Zacks Consensus Estimate for Broadridge’s 2023 revenues indicates 7.7% growth from the year-ago figure while earnings are expected to grow 10.1%. Click to get this free report Broadridge Financial Solutions, Inc. (BR) : Free Stock Analysis Report FTI Consulting, Inc. (FCN) : Free Stock Analysis Report Gartner, Inc. (IT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Our research shows that stocks with a Zacks Rank #1 or 2 (Buy) offer the best investment opportunities. Positive Earnings Trend Revision: The Zacks Consensus Estimate of Gartner’s fourth-quarter earnings is pegged at $2.77 per share. Bullish Industry Rank: The industry, to which Gartner belongs, currently has a Zacks Industry Rank of 64 (of 251 groups).
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193a16f8-d828-49be-8a89-db6cbded4acb
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712866.0
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2023-12-12 00:00:00 UTC
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Nasdaq 100 Movers: LCID, SGEN
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DCOMP
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https://www.nasdaq.com/articles/nasdaq-100-movers%3A-lcid-sgen
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nan
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nan
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In early trading on Tuesday, shares of Seagen topped the list of the day's best performing components of the Nasdaq 100 index, trading up 3.3%. Year to date, Seagen registers a 78.1% gain.
And the worst performing Nasdaq 100 component thus far on the day is Lucid Group, trading down 9.4%. Lucid Group is lower by about 38.8% looking at the year to date performance.
Two other components making moves today are Moderna, trading down 5.6%, and Broadcom, trading up 2.6% on the day.
VIDEO: Nasdaq 100 Movers: LCID, SGEN
The views and 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 the worst performing Nasdaq 100 component thus far on the day is Lucid Group, trading down 9.4%. Lucid Group is lower by about 38.8% looking at the year to date performance. VIDEO: Nasdaq 100 Movers: LCID, SGEN The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In early trading on Tuesday, shares of Seagen topped the list of the day's best performing components of the Nasdaq 100 index, trading up 3.3%. Year to date, Seagen registers a 78.1% gain. And the worst performing Nasdaq 100 component thus far on the day is Lucid Group, trading down 9.4%.
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In early trading on Tuesday, shares of Seagen topped the list of the day's best performing components of the Nasdaq 100 index, trading up 3.3%. And the worst performing Nasdaq 100 component thus far on the day is Lucid Group, trading down 9.4%. Two other components making moves today are Moderna, trading down 5.6%, and Broadcom, trading up 2.6% on the day.
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And the worst performing Nasdaq 100 component thus far on the day is Lucid Group, trading down 9.4%. Lucid Group is lower by about 38.8% looking at the year to date performance. VIDEO: Nasdaq 100 Movers: LCID, SGEN The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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b7897dc0-717c-445b-9703-816ecd348c0f
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712867.0
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2023-12-12 00:00:00 UTC
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Tuesday 12/12 Insider Buying Report: F, PLNT
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DCOMP
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https://www.nasdaq.com/articles/tuesday-12-12-insider-buying-report%3A-f-plnt
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nan
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nan
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Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
On Friday, Ford Motor's Chief EV, Digital & Design Off, John Douglas Field, made a $2.01M buy of F, purchasing 182,000 shares at a cost of $11.05 each. Field was up about 0.8% on the purchase at the high point of today's trading session, with F trading as high as $11.14 at last check today. Ford Motor is trading up about 0.5% on the day Tuesday.
And on Monday, Interim CEO Craig R. Benson bought $681,464 worth of Planet Fitness, buying 10,000 shares at a cost of $68.15 each. Planet Fitness is trading up about 2% on the day Tuesday. So far Benson is in the green, up about 2.9% on their purchase based on today's trading high of $70.13.
VIDEO: Tuesday 12/12 Insider Buying Report: F, PLNT
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. On Friday, Ford Motor's Chief EV, Digital & Design Off, John Douglas Field, made a $2.01M buy of F, purchasing 182,000 shares at a cost of $11.05 each. And on Monday, Interim CEO Craig R. Benson bought $681,464 worth of Planet Fitness, buying 10,000 shares at a cost of $68.15 each.
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And on Monday, Interim CEO Craig R. Benson bought $681,464 worth of Planet Fitness, buying 10,000 shares at a cost of $68.15 each. So far Benson is in the green, up about 2.9% on their purchase based on today's trading high of $70.13. VIDEO: Tuesday 12/12 Insider Buying Report: F, PLNT The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. Field was up about 0.8% on the purchase at the high point of today's trading session, with F trading as high as $11.14 at last check today. VIDEO: Tuesday 12/12 Insider Buying Report: F, PLNT The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. On Friday, Ford Motor's Chief EV, Digital & Design Off, John Douglas Field, made a $2.01M buy of F, purchasing 182,000 shares at a cost of $11.05 each. Field was up about 0.8% on the purchase at the high point of today's trading session, with F trading as high as $11.14 at last check today.
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8b28426c-b02b-46f6-9964-ba90c4f6bb8f
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712868.0
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2023-12-12 00:00:00 UTC
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BP Questions US Regulator's Venture Global LNG Oversight
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DCOMP
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https://www.nasdaq.com/articles/bp-questions-us-regulators-venture-global-lng-oversight
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nan
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nan
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BP plc BP has urged U.S. energy regulators to step in amid an intensifying conflict with Venture Global LNG, a U.S. natural gas exporter.
BP alleges that Venture Global is violating FERC disclosure rules and operating opaquely, affecting long-term customers.
Venture Global, a key U.S. LNG gas exporter since early 2022, has sold more than 200 gas cargoes independently, neglecting long-term contract customers like BP. These customers claim to have lost billions in revenue.
The filing urged regulators to force Venture Global to disclose documents regarding delayed LNG deliveries to BP and other long-term buyers. During this delay, Venture Global profited significantly by selling LNG cargoes to other buyers at higher prices, exceeding $14 billion in sales during an extended LNG plant ramp-up.
BP dismissed Venture Global’s reasons for delaying sales to long-term customers as deceptive and not credible. In December 2022, BP initiated a private arbitration claim against Venture Global.
Venture Global has maintained that it has adhered to the terms of its contracts, asserting that BP’s complaint lacks merit. In response, Venture Global characterizes the complaint as an effort by BP to leverage a federal energy regulator for its commercial interests in the dispute.
Venture Global, positioning itself as a swift and cost-effective LNG supplier, remains transparent with customers. Technical issues at Calcasieu Pass are being addressed, but until resolved, the plant can produce LNG without reliably meeting long-term contract obligations.
Venture Global has suggested potential delays in delivering gas to long-term customers, including BP, until late 2024. This disagreement introduces uncertainty to the LNG market, impacting the global energy transition away from more polluting fossil fuels.
Repsol REPYY, a long-term customer of Venture Global, previously urged U.S. Energy Department officials to reassess FERC’s approval of Calcasieu Pass earlier this year. However, the DOE dismissed the requests, citing a lack of grounds to challenge FERC's decision-making.
In response to BP’s recent complaint, Venture Global characterized it as another effort, following Repsol's unsuccessful attempt, to employ a federal energy regulator to further BP's interests in a commercial dispute.
Zacks Rank & Stocks to Consider
BP currently carries a Zack Rank #3 (Hold).
Investors interested in the energy sector might look at the following companies that presently carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
EOG Resources EOG boasts an appealing growth profile, delivers upper-quartile returns and is guided by a disciplined management team.
EOG Resources has a strong focus on returning capital to shareholders. From 1999 through 2024, the company is committed to raising its regular dividend at a compound annual growth rate of 21%. EOG has never suspended or lowered its dividend, even during business turmoil, reflecting solid underlying business.
Liberty Energy LBRT offers hydraulic fracturing services to onshore upstream energy companies across multiple basins in North America.
Liberty’s board of directors announced a cash dividend of seven cents per common share, payable Dec 20, 2023, to stockholders of record as of Dec 6, 2023. This dividend reflects a 40% rise from the previous quarter’s level. As part of its shareholder return policy, LBRT repurchased shares worth $29 million at an average price of $16.38 per share.
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
BP p.l.c. (BP) : Free Stock Analysis Report
EOG Resources, Inc. (EOG) : Free Stock Analysis Report
Repsol SA (REPYY) : Free Stock Analysis Report
Liberty Energy Inc. (LBRT) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The filing urged regulators to force Venture Global to disclose documents regarding delayed LNG deliveries to BP and other long-term buyers. In response, Venture Global characterizes the complaint as an effort by BP to leverage a federal energy regulator for its commercial interests in the dispute. Repsol REPYY, a long-term customer of Venture Global, previously urged U.S. Energy Department officials to reassess FERC’s approval of Calcasieu Pass earlier this year.
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In response, Venture Global characterizes the complaint as an effort by BP to leverage a federal energy regulator for its commercial interests in the dispute. Repsol REPYY, a long-term customer of Venture Global, previously urged U.S. Energy Department officials to reassess FERC’s approval of Calcasieu Pass earlier this year. (BP) : Free Stock Analysis Report EOG Resources, Inc. (EOG) : Free Stock Analysis Report Repsol SA (REPYY) : Free Stock Analysis Report Liberty Energy Inc. (LBRT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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BP plc BP has urged U.S. energy regulators to step in amid an intensifying conflict with Venture Global LNG, a U.S. natural gas exporter. In response to BP’s recent complaint, Venture Global characterized it as another effort, following Repsol's unsuccessful attempt, to employ a federal energy regulator to further BP's interests in a commercial dispute. (BP) : Free Stock Analysis Report EOG Resources, Inc. (EOG) : Free Stock Analysis Report Repsol SA (REPYY) : Free Stock Analysis Report Liberty Energy Inc. (LBRT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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During this delay, Venture Global profited significantly by selling LNG cargoes to other buyers at higher prices, exceeding $14 billion in sales during an extended LNG plant ramp-up. BP dismissed Venture Global’s reasons for delaying sales to long-term customers as deceptive and not credible. Zacks Investment Research has just released an urgent special report to help you bank on this trend.
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b9aef850-afd1-4806-bbe9-d56c98b59d05
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712869.0
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2023-12-12 00:00:00 UTC
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Ex-Dividend Reminder: Prosperity Bancshares, RenaissanceRe Holdings and Valley National Bancorp
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DCOMP
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https://www.nasdaq.com/articles/ex-dividend-reminder%3A-prosperity-bancshares-renaissancere-holdings-and-valley-national
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nan
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nan
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Looking at the universe of stocks we cover at Dividend Channel, on 12/14/23, Prosperity Bancshares Inc. (Symbol: PB), RenaissanceRe Holdings Ltd. (Symbol: RNR), and Valley National Bancorp (Symbol: VLY) will all trade ex-dividend for their respective upcoming dividends. Prosperity Bancshares Inc. will pay its quarterly dividend of $0.56 on 1/2/24, RenaissanceRe Holdings Ltd. will pay its quarterly dividend of $0.38 on 12/29/23, and Valley National Bancorp will pay its quarterly dividend of $0.11 on 1/3/24. As a percentage of PB's recent stock price of $63.01, this dividend works out to approximately 0.89%, so look for shares of Prosperity Bancshares Inc. to trade 0.89% lower — all else being equal — when PB shares open for trading on 12/14/23. Similarly, investors should look for RNR to open 0.19% lower in price and for VLY to open 1.10% lower, all else being equal.
Below are dividend history charts for PB, RNR, and VLY, showing historical dividends prior to the most recent ones declared.
Prosperity Bancshares Inc. (Symbol: PB):
RenaissanceRe Holdings Ltd. (Symbol: RNR):
Valley National Bancorp (Symbol: VLY):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 3.55% for Prosperity Bancshares Inc., 0.75% for RenaissanceRe Holdings Ltd., and 4.41% for Valley National Bancorp.
Free Report: Top 8%+ Dividends (paid monthly)
In Tuesday trading, Prosperity Bancshares Inc. shares are currently off about 0.1%, RenaissanceRe Holdings Ltd. shares are up about 1.2%, and Valley National Bancorp shares are up about 0.2% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
Also see:
Institutional Holders of CUBN
Top Ten Hedge Funds Holding CHEV
SEI Historical Stock Prices
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. If they do continue, the current estimated yields on annualized basis would be 3.55% for Prosperity Bancshares Inc., 0.75% for RenaissanceRe Holdings Ltd., and 4.41% for Valley National Bancorp. dividend stocks should be on your radar screen » Also see: Institutional Holders of CUBN Top Ten Hedge Funds Holding CHEV SEI Historical Stock Prices The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/14/23, Prosperity Bancshares Inc. (Symbol: PB), RenaissanceRe Holdings Ltd. (Symbol: RNR), and Valley National Bancorp (Symbol: VLY) will all trade ex-dividend for their respective upcoming dividends. Prosperity Bancshares Inc. will pay its quarterly dividend of $0.56 on 1/2/24, RenaissanceRe Holdings Ltd. will pay its quarterly dividend of $0.38 on 12/29/23, and Valley National Bancorp will pay its quarterly dividend of $0.11 on 1/3/24. Prosperity Bancshares Inc. (Symbol: PB): RenaissanceRe Holdings Ltd. (Symbol: RNR): Valley National Bancorp (Symbol: VLY): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/14/23, Prosperity Bancshares Inc. (Symbol: PB), RenaissanceRe Holdings Ltd. (Symbol: RNR), and Valley National Bancorp (Symbol: VLY) will all trade ex-dividend for their respective upcoming dividends. Prosperity Bancshares Inc. will pay its quarterly dividend of $0.56 on 1/2/24, RenaissanceRe Holdings Ltd. will pay its quarterly dividend of $0.38 on 12/29/23, and Valley National Bancorp will pay its quarterly dividend of $0.11 on 1/3/24. Prosperity Bancshares Inc. (Symbol: PB): RenaissanceRe Holdings Ltd. (Symbol: RNR): Valley National Bancorp (Symbol: VLY): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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As a percentage of PB's recent stock price of $63.01, this dividend works out to approximately 0.89%, so look for shares of Prosperity Bancshares Inc. to trade 0.89% lower — all else being equal — when PB shares open for trading on 12/14/23. Prosperity Bancshares Inc. (Symbol: PB): RenaissanceRe Holdings Ltd. (Symbol: RNR): Valley National Bancorp (Symbol: VLY): In general, dividends are not always predictable, following the ups and downs of company profits over time. If they do continue, the current estimated yields on annualized basis would be 3.55% for Prosperity Bancshares Inc., 0.75% for RenaissanceRe Holdings Ltd., and 4.41% for Valley National Bancorp.
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27fd3708-5d5e-4b3e-95cc-b52314f03cf5
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712870.0
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2023-12-12 00:00:00 UTC
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Ex-Dividend Reminder: Motorola Solutions, Universal Display and Iridium Communications
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DCOMP
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https://www.nasdaq.com/articles/ex-dividend-reminder%3A-motorola-solutions-universal-display-and-iridium-communications
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nan
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nan
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Looking at the universe of stocks we cover at Dividend Channel, on 12/14/23, Motorola Solutions Inc (Symbol: MSI), Universal Display Corp (Symbol: OLED), and Iridium Communications Inc (Symbol: IRDM) will all trade ex-dividend for their respective upcoming dividends. Motorola Solutions Inc will pay its quarterly dividend of $0.98 on 1/12/24, Universal Display Corp will pay its quarterly dividend of $0.35 on 12/29/23, and Iridium Communications Inc will pay its quarterly dividend of $0.13 on 12/29/23. As a percentage of MSI's recent stock price of $326.41, this dividend works out to approximately 0.30%, so look for shares of Motorola Solutions Inc to trade 0.30% lower — all else being equal — when MSI shares open for trading on 12/14/23. Similarly, investors should look for OLED to open 0.20% lower in price and for IRDM to open 0.33% lower, all else being equal.
Below are dividend history charts for MSI, OLED, and IRDM, showing historical dividends prior to the most recent ones declared.
Motorola Solutions Inc (Symbol: MSI):
Universal Display Corp (Symbol: OLED):
Iridium Communications Inc (Symbol: IRDM):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 1.20% for Motorola Solutions Inc, 0.78% for Universal Display Corp, and 1.31% for Iridium Communications Inc.
In Tuesday trading, Motorola Solutions Inc shares are currently up about 0.6%, Universal Display Corp shares are up about 2%, and Iridium Communications Inc shares are off about 1.8% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
Also see:
Energy Stocks Hedge Funds Are Selling
TLSI market cap history
Top Ten Hedge Funds Holding QEFA
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. If they do continue, the current estimated yields on annualized basis would be 1.20% for Motorola Solutions Inc, 0.78% for Universal Display Corp, and 1.31% for Iridium Communications Inc. dividend stocks should be on your radar screen » Also see: Energy Stocks Hedge Funds Are Selling TLSI market cap history Top Ten Hedge Funds Holding QEFA The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/14/23, Motorola Solutions Inc (Symbol: MSI), Universal Display Corp (Symbol: OLED), and Iridium Communications Inc (Symbol: IRDM) will all trade ex-dividend for their respective upcoming dividends. Motorola Solutions Inc will pay its quarterly dividend of $0.98 on 1/12/24, Universal Display Corp will pay its quarterly dividend of $0.35 on 12/29/23, and Iridium Communications Inc will pay its quarterly dividend of $0.13 on 12/29/23. Motorola Solutions Inc (Symbol: MSI): Universal Display Corp (Symbol: OLED): Iridium Communications Inc (Symbol: IRDM): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/14/23, Motorola Solutions Inc (Symbol: MSI), Universal Display Corp (Symbol: OLED), and Iridium Communications Inc (Symbol: IRDM) will all trade ex-dividend for their respective upcoming dividends. Motorola Solutions Inc will pay its quarterly dividend of $0.98 on 1/12/24, Universal Display Corp will pay its quarterly dividend of $0.35 on 12/29/23, and Iridium Communications Inc will pay its quarterly dividend of $0.13 on 12/29/23. Motorola Solutions Inc (Symbol: MSI): Universal Display Corp (Symbol: OLED): Iridium Communications Inc (Symbol: IRDM): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/14/23, Motorola Solutions Inc (Symbol: MSI), Universal Display Corp (Symbol: OLED), and Iridium Communications Inc (Symbol: IRDM) will all trade ex-dividend for their respective upcoming dividends. As a percentage of MSI's recent stock price of $326.41, this dividend works out to approximately 0.30%, so look for shares of Motorola Solutions Inc to trade 0.30% lower — all else being equal — when MSI shares open for trading on 12/14/23. If they do continue, the current estimated yields on annualized basis would be 1.20% for Motorola Solutions Inc, 0.78% for Universal Display Corp, and 1.31% for Iridium Communications Inc.
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dedc9f45-b69a-4619-97fa-30b59df1615f
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712871.0
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2023-12-12 00:00:00 UTC
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Ex-Dividend Reminder: Verisk Analytics, Global Payments and NewMarket
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DCOMP
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https://www.nasdaq.com/articles/ex-dividend-reminder%3A-verisk-analytics-global-payments-and-newmarket
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nan
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nan
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Looking at the universe of stocks we cover at Dividend Channel, on 12/14/23, Verisk Analytics Inc (Symbol: VRSK), Global Payments Inc (Symbol: GPN), and NewMarket Corp (Symbol: NEU) will all trade ex-dividend for their respective upcoming dividends. Verisk Analytics Inc will pay its quarterly dividend of $0.34 on 12/29/23, Global Payments Inc will pay its quarterly dividend of $0.25 on 12/29/23, and NewMarket Corp will pay its quarterly dividend of $2.25 on 1/2/24. As a percentage of VRSK's recent stock price of $240.11, this dividend works out to approximately 0.14%, so look for shares of Verisk Analytics Inc to trade 0.14% lower — all else being equal — when VRSK shares open for trading on 12/14/23. Similarly, investors should look for GPN to open 0.20% lower in price and for NEU to open 0.41% lower, all else being equal.
Below are dividend history charts for VRSK, GPN, and NEU, showing historical dividends prior to the most recent ones declared.
Verisk Analytics Inc (Symbol: VRSK):
Global Payments Inc (Symbol: GPN):
NewMarket Corp (Symbol: NEU):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 0.57% for Verisk Analytics Inc, 0.81% for Global Payments Inc, and 1.63% for NewMarket Corp.
In Tuesday trading, Verisk Analytics Inc shares are currently up about 3.1%, Global Payments Inc shares are up about 2.1%, and NewMarket Corp shares are up about 0.3% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
Also see:
Past Earnings
KLDX Insider Buying
ANGO Options Chain
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. If they do continue, the current estimated yields on annualized basis would be 0.57% for Verisk Analytics Inc, 0.81% for Global Payments Inc, and 1.63% for NewMarket Corp. dividend stocks should be on your radar screen » Also see: Past Earnings KLDX Insider Buying ANGO Options Chain The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/14/23, Verisk Analytics Inc (Symbol: VRSK), Global Payments Inc (Symbol: GPN), and NewMarket Corp (Symbol: NEU) will all trade ex-dividend for their respective upcoming dividends. Verisk Analytics Inc will pay its quarterly dividend of $0.34 on 12/29/23, Global Payments Inc will pay its quarterly dividend of $0.25 on 12/29/23, and NewMarket Corp will pay its quarterly dividend of $2.25 on 1/2/24. Verisk Analytics Inc (Symbol: VRSK): Global Payments Inc (Symbol: GPN): NewMarket Corp (Symbol: NEU): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/14/23, Verisk Analytics Inc (Symbol: VRSK), Global Payments Inc (Symbol: GPN), and NewMarket Corp (Symbol: NEU) will all trade ex-dividend for their respective upcoming dividends. Verisk Analytics Inc will pay its quarterly dividend of $0.34 on 12/29/23, Global Payments Inc will pay its quarterly dividend of $0.25 on 12/29/23, and NewMarket Corp will pay its quarterly dividend of $2.25 on 1/2/24. Verisk Analytics Inc (Symbol: VRSK): Global Payments Inc (Symbol: GPN): NewMarket Corp (Symbol: NEU): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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As a percentage of VRSK's recent stock price of $240.11, this dividend works out to approximately 0.14%, so look for shares of Verisk Analytics Inc to trade 0.14% lower — all else being equal — when VRSK shares open for trading on 12/14/23. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 0.57% for Verisk Analytics Inc, 0.81% for Global Payments Inc, and 1.63% for NewMarket Corp.
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41230a2f-d1c0-465e-aaec-84c56f3aee3c
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712872.0
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2023-12-12 00:00:00 UTC
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Grocery Outlet (GO) Gains on Value Proposition & Market Growth
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DCOMP
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https://www.nasdaq.com/articles/grocery-outlet-go-gains-on-value-proposition-market-growth
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nan
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nan
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Grocery Outlet Holding Corp. GO has crafted a successful business strategy, underpinned by a flexible sourcing and distribution model that allows it to offer products at exceptional values. This approach aligns well with the company's emphasis on customer-centricity, operational efficiency and strategic alliances.
GO's focus on offering significant savings continues to be a unique selling proposition that attracts shoppers and retains existing ones. This strategy has not only enabled the company to increase its market share but also to build a loyal customer base, which is vital in the highly competitive retail sector.
Grocery Outlet emphasized its value proposition, noting 40% average basket savings compared to conventional grocers. This resonates well with the company's continuous efforts to attract customers, particularly those from the middle to higher-income groups.
Image Source: Zacks Investment Research
Differentiated Business Model
Grocery Outlet’s strengths lie in its opportunistic purchasing model, which allows it to offer high-value products at significantly reduced prices. This strategy involves buying surplus inventory from large CPG (consumer packaged goods) suppliers and offering these products at steep discounts.
The company is also focusing on expanding its product range, with a special emphasis on natural, organic and specialty items. This move aligns with the growing consumer trend toward healthier and more sustainable products.
In the third quarter, Grocery Outlet reported a notable 9% year-over-year increase in sales, a clear indicator of its robust market performance. This growth was underpinned by a significant 6.4% rise in comparable store sales, showcasing the strength and appeal of the company's offerings to its existing customer base.
GO's opportunistic purchasing strategy, marketing initiatives, store-expansion efforts and e-commerce ventures contribute to the encouraging trend of deepening customer reach and market success.
Store Expansion Strategy Bodes Well
Grocery Outlet envisions the potential to establish a national network of more than 4,000 locations. The company strategically plans to inaugurate 27 stores, bringing the total count to 468 by the end of 2023. This expansion is part of its broader strategy to grow organically and through strategic acquisitions in various regions.
Anticipating a return to an annual unit growth rate of 10%, the company is actively exploring real estate deals.
Wrapping Up
Grocery Outlet exhibits resilience with its defensive product mix, value-driven offerings and consistent store expansion, fostering the potential for promising earnings growth. Despite operational disruptions from the systems transition, the third quarter showcased year-over-year improvements in the top and bottom lines. The company has been actively working on resolving these issues, with a focus on streamlining the new systems and ensuring a smooth transition.
The Zacks Rank #3 (Hold) stock has gained 2.1% in the past six months against the industry’s decline of 18.6%.
3 Other Promising Stocks
We have highlighted three better-ranked stocks, namely Ollie's Bargain Outlet Holdings, Inc. OLLI, Freshpet Inc. FRPT and Celsius Holdings, Inc. CELH.
Ollie's Bargain Outlet is a value retailer of brand-name merchandise at drastically reduced prices. The company currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for Ollie's Bargain Outlet’s current fiscal-year sales and EPS suggests growth of 14.7% and 72.8%, respectively, from the year-ago reported figures. OLLI has a trailing four-quarter earnings surprise of 7%, on average.
Freshpet is a pet food company. The company manufactures and markets natural fresh foods, refrigerated meals, and treats for dogs and cats. The company presently has a Zacks Rank #2.
The Zacks Consensus Estimate for Freshpet’s current fiscal-year sales and EPS suggests growth of 26.8% and 27.1%, respectively, from the year-ago reported figures. FRPT has a trailing four-quarter earnings surprise of 7%, on average.
Celsius Holdings specializes in commercializing healthier, nutritional, functional foods, beverages and dietary supplements. The company currently carries a Zacks Rank #2.
The Zacks Consensus Estimate for Celsius Holdings’ current financial-year sales and earnings suggests growth of 98.5% and 185.2%, respectively, from the year-ago reported numbers. WMT has a trailing four-quarter earnings surprise of 110.9%, on average.
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
Freshpet, Inc. (FRPT) : Free Stock Analysis Report
Ollie's Bargain Outlet Holdings, Inc. (OLLI) : Free Stock Analysis Report
Grocery Outlet Holding Corp. (GO) : Free Stock Analysis Report
Celsius Holdings Inc. (CELH) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Grocery Outlet Holding Corp. GO has crafted a successful business strategy, underpinned by a flexible sourcing and distribution model that allows it to offer products at exceptional values. This strategy has not only enabled the company to increase its market share but also to build a loyal customer base, which is vital in the highly competitive retail sector. Wrapping Up Grocery Outlet exhibits resilience with its defensive product mix, value-driven offerings and consistent store expansion, fostering the potential for promising earnings growth.
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3 Other Promising Stocks We have highlighted three better-ranked stocks, namely Ollie's Bargain Outlet Holdings, Inc. OLLI, Freshpet Inc. FRPT and Celsius Holdings, Inc. CELH. The Zacks Consensus Estimate for Ollie's Bargain Outlet’s current fiscal-year sales and EPS suggests growth of 14.7% and 72.8%, respectively, from the year-ago reported figures. Click to get this free report Freshpet, Inc. (FRPT) : Free Stock Analysis Report Ollie's Bargain Outlet Holdings, Inc. (OLLI) : Free Stock Analysis Report Grocery Outlet Holding Corp. (GO) : Free Stock Analysis Report Celsius Holdings Inc. (CELH) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Image Source: Zacks Investment Research Differentiated Business Model Grocery Outlet’s strengths lie in its opportunistic purchasing model, which allows it to offer high-value products at significantly reduced prices. 3 Other Promising Stocks We have highlighted three better-ranked stocks, namely Ollie's Bargain Outlet Holdings, Inc. OLLI, Freshpet Inc. FRPT and Celsius Holdings, Inc. CELH. Click to get this free report Freshpet, Inc. (FRPT) : Free Stock Analysis Report Ollie's Bargain Outlet Holdings, Inc. (OLLI) : Free Stock Analysis Report Grocery Outlet Holding Corp. (GO) : Free Stock Analysis Report Celsius Holdings Inc. (CELH) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Image Source: Zacks Investment Research Differentiated Business Model Grocery Outlet’s strengths lie in its opportunistic purchasing model, which allows it to offer high-value products at significantly reduced prices. This move aligns with the growing consumer trend toward healthier and more sustainable products. 3 Other Promising Stocks We have highlighted three better-ranked stocks, namely Ollie's Bargain Outlet Holdings, Inc. OLLI, Freshpet Inc. FRPT and Celsius Holdings, Inc. CELH.
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d18ec047-6d92-41d9-a102-e7452f524e02
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712873.0
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2023-12-12 00:00:00 UTC
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Ex-Dividend Reminder: Orion, Pembina Pipeline and Baytex Energy
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DCOMP
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https://www.nasdaq.com/articles/ex-dividend-reminder%3A-orion-pembina-pipeline-and-baytex-energy
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nan
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nan
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Looking at the universe of stocks we cover at Dividend Channel, on 12/14/23, Orion SA (Symbol: OEC), Pembina Pipeline Corp (Symbol: PBA), and Baytex Energy Corp (Symbol: BTE) will all trade ex-dividend for their respective upcoming dividends. Orion SA will pay its quarterly dividend of $0.0207 on 1/17/24, Pembina Pipeline Corp will pay its quarterly dividend of $0.6675 on 12/29/23, and Baytex Energy Corp will pay its quarterly dividend of $0.0225 on 1/2/24. As a percentage of OEC's recent stock price of $25.83, this dividend works out to approximately 0.08%, so look for shares of Orion SA to trade 0.08% lower — all else being equal — when OEC shares open for trading on 12/14/23. Similarly, investors should look for PBA to open 1.99% lower in price and for BTE to open 0.71% lower, all else being equal.
Below are dividend history charts for OEC, PBA, and BTE, showing historical dividends prior to the most recent ones declared.
Orion SA (Symbol: OEC):
Pembina Pipeline Corp (Symbol: PBA):
Baytex Energy Corp (Symbol: BTE):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 0.32% for Orion SA, 7.96% for Pembina Pipeline Corp, and 2.82% for Baytex Energy Corp.
In Tuesday trading, Orion SA shares are currently up about 1.2%, Pembina Pipeline Corp shares are up about 0.3%, and Baytex Energy Corp shares are off about 2.7% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
Also see:
FLEX Options Chain
RESI Options Chain
ERGO Insider Buying
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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As a percentage of OEC's recent stock price of $25.83, this dividend works out to approximately 0.08%, so look for shares of Orion SA to trade 0.08% lower — all else being equal — when OEC shares open for trading on 12/14/23. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. dividend stocks should be on your radar screen » Also see: FLEX Options Chain RESI Options Chain ERGO Insider Buying The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/14/23, Orion SA (Symbol: OEC), Pembina Pipeline Corp (Symbol: PBA), and Baytex Energy Corp (Symbol: BTE) will all trade ex-dividend for their respective upcoming dividends. Orion SA will pay its quarterly dividend of $0.0207 on 1/17/24, Pembina Pipeline Corp will pay its quarterly dividend of $0.6675 on 12/29/23, and Baytex Energy Corp will pay its quarterly dividend of $0.0225 on 1/2/24. Orion SA (Symbol: OEC): Pembina Pipeline Corp (Symbol: PBA): Baytex Energy Corp (Symbol: BTE): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/14/23, Orion SA (Symbol: OEC), Pembina Pipeline Corp (Symbol: PBA), and Baytex Energy Corp (Symbol: BTE) will all trade ex-dividend for their respective upcoming dividends. Orion SA will pay its quarterly dividend of $0.0207 on 1/17/24, Pembina Pipeline Corp will pay its quarterly dividend of $0.6675 on 12/29/23, and Baytex Energy Corp will pay its quarterly dividend of $0.0225 on 1/2/24. Orion SA (Symbol: OEC): Pembina Pipeline Corp (Symbol: PBA): Baytex Energy Corp (Symbol: BTE): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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As a percentage of OEC's recent stock price of $25.83, this dividend works out to approximately 0.08%, so look for shares of Orion SA to trade 0.08% lower — all else being equal — when OEC shares open for trading on 12/14/23. If they do continue, the current estimated yields on annualized basis would be 0.32% for Orion SA, 7.96% for Pembina Pipeline Corp, and 2.82% for Baytex Energy Corp. In Tuesday trading, Orion SA shares are currently up about 1.2%, Pembina Pipeline Corp shares are up about 0.3%, and Baytex Energy Corp shares are off about 2.7% on the day.
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3c7ee071-a138-4f18-89d1-0f0b650ed9ab
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712874.0
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2023-12-12 00:00:00 UTC
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Pentair (PNR) Rewards Shareholders With 5% Hike in Dividend
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DCOMP
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https://www.nasdaq.com/articles/pentair-pnr-rewards-shareholders-with-5-hike-in-dividend-0
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nan
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nan
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Pentair Plc PNR announced a 5% hike in the quarterly dividend payout — marking its 48th consecutive year of a dividend increase. This is in sync with its long-standing commitment to returning capital to shareholders.
Pentair will pay the new quarterly dividend of 23 cents on Feb 2, 2024, to shareholders of record as of Jan 19, 2023. The raised dividend takes the company’s dividend yield from the current 1.31% to 1.37%, which is higher than the industry’s 0.59%.
Pentair has a three-year dividend growth rate of 5%. It has a payout ratio of 23.51% — higher than the industry’s 11.47%.
Net cash generated from operating activities was $502.3 million in the first nine months of the current year compared with $271.5 million in the prior-year period.
The free cash flow in the first nine months of 2023 was $451 million, a significant improvement from the $211 reported in the comparable period last year. Pentair had cash and cash equivalents of around $137 million at the end of the third quarter compared with $109 million at 2022-end.
The company anticipates the free cash flow to be greater than 100% of net income in 2023, driven by strong demand and continued disciplined working capital management.
Price Performance
The Pentair stock has gained 46.8% over the past year compared with the industry’s growth of 10.1%.
Image Source: Zacks Investment Research
Zacks Rank and Stocks to Consider
Pentair currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the Industrial Products sector are Crane Company CR, Applied Industrial Technologies AIT and A. O. Smith Corporation AOS.
CR currently sports a Zacks Rank #1 (Strong Buy), and AIT and AOS each carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Crane Company’s 2023 earnings per share is pegged at $4.18. The consensus estimate for 2023 earnings has been unchanged in the past 60 days. The company has a trailing four-quarter average earnings surprise of 29.8%. CR shares have rallied 33.7% in a year.
Applied Industrial has an average trailing four-quarter earnings surprise of 15%. The Zacks Consensus Estimate for AIT’s 2023 earnings is pinned at $9.43 per share, which indicates year-over-year growth of 7.8%. Estimates have moved up 4% in the past 60 days. The company’s shares have gained 27.2% in a year.
The Zacks Consensus Estimate for A. O. Smith’s 2023 earnings is pegged at $3.77 per share. The consensus estimate for 2023 earnings has moved 5% north in the past 60 days and suggests year-over-year growth of 20.1%. The company has a trailing four-quarter average earnings surprise of 14%. AOS shares have gained 29.4% in a year.
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
A. O. Smith Corporation (AOS) : Free Stock Analysis Report
Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report
Pentair plc (PNR) : Free Stock Analysis Report
Crane Company (CR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The free cash flow in the first nine months of 2023 was $451 million, a significant improvement from the $211 reported in the comparable period last year. The company anticipates the free cash flow to be greater than 100% of net income in 2023, driven by strong demand and continued disciplined working capital management. 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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Image Source: Zacks Investment Research Zacks Rank and Stocks to Consider Pentair currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks from the Industrial Products sector are Crane Company CR, Applied Industrial Technologies AIT and A. O. Smith Corporation AOS. Click to get this free report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report Pentair plc (PNR) : Free Stock Analysis Report Crane Company (CR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Image Source: Zacks Investment Research Zacks Rank and Stocks to Consider Pentair currently carries a Zacks Rank #3 (Hold). The Zacks Consensus Estimate for Crane Company’s 2023 earnings per share is pegged at $4.18. Click to get this free report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report Pentair plc (PNR) : Free Stock Analysis Report Crane Company (CR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Price Performance The Pentair stock has gained 46.8% over the past year compared with the industry’s growth of 10.1%. Some better-ranked stocks from the Industrial Products sector are Crane Company CR, Applied Industrial Technologies AIT and A. O. Smith Corporation AOS. The Zacks Consensus Estimate for Crane Company’s 2023 earnings per share is pegged at $4.18.
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f9be9008-bbf2-471d-82db-31393d1e5349
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712875.0
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2023-12-12 00:00:00 UTC
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Virtus Investment's (VRTS) November AUM Up 6.2% Sequentially
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DCOMP
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https://www.nasdaq.com/articles/virtus-investments-vrts-november-aum-up-6.2-sequentially
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nan
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nan
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Virtus Investment Partners, Inc. VRTS recorded a sequential rise of 6.2% in its preliminary assets under management (AUM) balance for November 2023 on the back of favorable market returns. The company reported a month-end AUM of $165.5 billion, which reflected a rise from the Oct 31, 2023, level of $155.8 million.
The company offered services to $2.6 billion of other fee-earning assets. This was excluded from the above-mentioned AUM balance.
In November, Virtus Investment’s open-end funds’ balance increased 5% from the end of the previous month to $54.3 billion. Also, closed-end funds’ balance rose 5.8% to $9.8 billion.
Institutional accounts’ balance sequentially rose 6% to $61.4 billion. Retail separate accounts’ balance of $39.9 billion increased 8.4% from the prior month.
The company’s integrated multi-boutique business model in a rapidly growing industry is likely to support its performance. Yet, elevated operating expenses are expected to hurt Virtus Investment’s bottom line to an extent in the near term.
Over the past six months, shares of Virtus Investment have declined 3.5% against the 11.9% upside of the industry it belongs to.
Image Source: Zacks Investment Research
Currently, Virtus Investment carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Competitive Landscape
WisdomTree, Inc. WT reported a total AUM of $98.15 billion as of Nov 30, 2023, which reflected a 4.5% increase from the prior-month level. The rise was primarily due to the impacts of a favorable market move that totaled $4.29 billion.
WT, during November, recorded inflows from the U.S. equity, international developed market equity, emerging market equity, cryptocurrency, alternatives and leveraged and inverse strategies of $85 million, $38 million, $148 million, $10 million, $13 million and $45 million, respectively.
Victory Capital Holdings VCTR reported an AUM of $159.6 billion for November 2023. This reflected a 7.2% rise from $148.89 billion as of Oct 31, 2023.
By asset classes, at the end of November, VCTR’s U.S. Mid Cap Equity AUM rose 7.7% from the October level to $29.05 billion. The U.S. Small Cap Equity AUM of $14.59 billion grew 6.9%. The U.S. Large Cap Equity AUM increased 8.1% to $12.19 billion. The Global/Non-U.S. Equity AUM rose 11.5% to $16.14 billion.
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
Virtus Investment Partners, Inc. (VRTS) : Free Stock Analysis Report
Victory Capital Holdings, Inc. (VCTR) : Free Stock Analysis Report
WisdomTree, Inc. (WT) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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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Virtus Investment Partners, Inc. VRTS recorded a sequential rise of 6.2% in its preliminary assets under management (AUM) balance for November 2023 on the back of favorable market returns. Competitive Landscape WisdomTree, Inc. WT reported a total AUM of $98.15 billion as of Nov 30, 2023, which reflected a 4.5% increase from the prior-month level. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
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Virtus Investment Partners, Inc. VRTS recorded a sequential rise of 6.2% in its preliminary assets under management (AUM) balance for November 2023 on the back of favorable market returns. Image Source: Zacks Investment Research Currently, Virtus Investment carries a Zacks Rank #3 (Hold). Click to get this free report Virtus Investment Partners, Inc. (VRTS) : Free Stock Analysis Report Victory Capital Holdings, Inc. (VCTR) : Free Stock Analysis Report WisdomTree, Inc. (WT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The company reported a month-end AUM of $165.5 billion, which reflected a rise from the Oct 31, 2023, level of $155.8 million. WT, during November, recorded inflows from the U.S. equity, international developed market equity, emerging market equity, cryptocurrency, alternatives and leveraged and inverse strategies of $85 million, $38 million, $148 million, $10 million, $13 million and $45 million, respectively. Click to get this free report Virtus Investment Partners, Inc. (VRTS) : Free Stock Analysis Report Victory Capital Holdings, Inc. (VCTR) : Free Stock Analysis Report WisdomTree, Inc. (WT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The company reported a month-end AUM of $165.5 billion, which reflected a rise from the Oct 31, 2023, level of $155.8 million. In November, Virtus Investment’s open-end funds’ balance increased 5% from the end of the previous month to $54.3 billion. The Global/Non-U.S. Equity AUM rose 11.5% to $16.14 billion.
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05d805e9-49ab-4fab-923f-cffe696ebfb5
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712876.0
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2023-12-12 00:00:00 UTC
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SiteOne Landscape (SITE) Buys Newsom Seed, Boosts Its Offerings
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DCOMP
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https://www.nasdaq.com/articles/siteone-landscape-site-buys-newsom-seed-boosts-its-offerings
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nan
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nan
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SiteOne Landscape SITE announced that it acquired Newsom Seed — a wholesale distributor of agronomics products. This move will help SiteOne Landscape expand its product offering and capabilities throughout the Mid-Atlantic region.
Founded in 1985, Newsom Seed delivers high-quality service and seed. It operates in two locations in Maryland, serving the Baltimore and Washington, DC, markets. It specializes in custom seed blending, which will allow SiteOne Landscape to provide a broader range of products to combined customers.
The recent acquisition marks SiteOne Landscape's 11th one in 2023. This reflects the company's ongoing expansion strategy to broaden its presence across various markets in which it offers the full range of landscape supplies and services to landscape professionals.
The company came out with quarterly earnings of $1.25 per share, missing the Zacks Consensus Estimate of $1.48 per share. This compares to earnings of $1.60 per share a year ago. SITE reported revenues of $1.15 billion for the quarter ended September 2023, beating the estimate of $1.14 billion. The top line improved 3.8% year over year.
Price Performance
SiteOne Landscape has gained 17.7% over the past year compared with the industry’s growth of 16.5%.
Image Source: Zacks Investment Research
Zacks Rank and Stocks to Consider
The company currently carries a Zacks Rank #5 (Strong Sell).
Some better-ranked stocks from the Industrial Products sector are Crane Company CR, Applied Industrial Technologies AIT and A. O. Smith Corporation AOS.
CR currently sports a Zacks Rank #1 (Strong Buy), and AIT and AOS each carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Crane Company’s 2023 earnings per share is pegged at $4.18. The consensus estimate for 2023 earnings has been unchanged in the past 60 days. The company has a trailing four-quarter average earnings surprise of 29.8%. CR shares have rallied 33.7% in a year.
Applied Industrial has an average trailing four-quarter earnings surprise of 15%. The Zacks Consensus Estimate for AIT’s 2023 earnings is pinned at $9.43 per share, which indicates year-over-year growth of 7.8%. Estimates have moved up 4% in the past 60 days. The company’s shares have gained 27.2% in a year.
The Zacks Consensus Estimate for A. O. Smith’s 2023 earnings is pegged at $3.77 per share. The consensus estimate for 2023 earnings has moved 5% north in the past 60 days and suggests year-over-year growth of 20.1%. The company has a trailing four-quarter average earnings surprise of 14%. AOS shares have gained 29.4% in a year.
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
A. O. Smith Corporation (AOS) : Free Stock Analysis Report
Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report
Crane Company (CR) : Free Stock Analysis Report
SiteOne Landscape Supply, Inc. (SITE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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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SiteOne Landscape SITE announced that it acquired Newsom Seed — a wholesale distributor of agronomics products. Price Performance SiteOne Landscape has gained 17.7% over the past year compared with the industry’s growth of 16.5%. 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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Image Source: Zacks Investment Research Zacks Rank and Stocks to Consider The company currently carries a Zacks Rank #5 (Strong Sell). Some better-ranked stocks from the Industrial Products sector are Crane Company CR, Applied Industrial Technologies AIT and A. O. Smith Corporation AOS. Click to get this free report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report Crane Company (CR) : Free Stock Analysis Report SiteOne Landscape Supply, Inc. (SITE) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The company came out with quarterly earnings of $1.25 per share, missing the Zacks Consensus Estimate of $1.48 per share. Image Source: Zacks Investment Research Zacks Rank and Stocks to Consider The company currently carries a Zacks Rank #5 (Strong Sell). Click to get this free report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report Crane Company (CR) : Free Stock Analysis Report SiteOne Landscape Supply, Inc. (SITE) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The company came out with quarterly earnings of $1.25 per share, missing the Zacks Consensus Estimate of $1.48 per share. Price Performance SiteOne Landscape has gained 17.7% over the past year compared with the industry’s growth of 16.5%. The Zacks Consensus Estimate for Crane Company’s 2023 earnings per share is pegged at $4.18.
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e7fcb16b-245d-445e-bd32-d6ef15fd9df5
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712877.0
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2023-12-12 00:00:00 UTC
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Dig Into These 3 Relishing Food Stocks Before the Year Ends
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https://www.nasdaq.com/articles/dig-into-these-3-relishing-food-stocks-before-the-year-ends
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Standing in the final month of 2023, we note that food stocks have fared decently well, showing resilience amid the hurdles associated with inflation. The combination of strong brand presence and effective pricing strategies has enabled food companies to navigate the uncertainties of a volatile economic landscape.
As 2023 approaches its finale, we have identified some food stocks that stand out as enticing opportunities for investors looking to indulge in the potential for further growth.
Showing Resilience Amid Industry Dynamics
The overall inflationary environment has affected consumers' purchasing power, influencing the volumes of many companies in the food industry. While the higher cost of inputs has been posing challenges to margins, the trend has been moderating now. Despite being no exception to the inflationary environment, food stocks have showcased a remarkable ability to withstand the headwinds.
Noteworthy is the role of robust pricing strategies that some food companies have adopted to weather the storm. Consumers’ loyalty to specific brands, coupled with companies’ steadfast commitment to innovation, has emerged as a driving force. For instance, companies have capitalized on the growing consumer preference for healthy and nourishing food by innovating in the organic products sector. The emphasis on expanding plant-based alternatives has particularly benefited companies offering meat products, which form a significant portion of consumers' staple baskets.
These upsides, along with efforts to strengthen manufacturing capacities and solidify portfolio, have been working well for a number of food companies, placing them well for further growth. Their ability to adapt to changing consumer preferences and market dynamics has proven to be a recipe for success.
In light of this, we present three enticing picks from the realm of food stocks, each flaunting a favorable Zacks Rank #1 (Strong Buy) or 2 (Buy). Notably, these stocks have witnessed share price increases in the past three months, defying declines experienced by their respective industries.
Indulge in These 3 Culinary Delights
Investors can count on meat products company Pilgrim's Pride Corporation PPC. The company’s focus on key customers is a pathway for refining its portfolio and creating competitive advantages. Apart from this, Pilgrim’s Pride has been steadily augmenting the marketing support of its brands as it expands and enters new regions. PPC also resorts to frequent supply-chain improvements to enhance efficiency and reduce costs. The company producing, processing, marketing and distributing fresh, frozen, and value-added chicken and pork products, currently sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
The consensus mark for 2024 earnings per share (EPS) suggests growth of 62.4% from the year-ago period. The Zacks Consensus Estimate for Pilgrim's Pride’s 2024 EPS has increased from $2.10 to $2.48 in the past 60 days. Shares of PPC have gained 5% in the past three months, comfortably outpacing the industry’s decline of 7.3%.
Image Source: Zacks Investment Research
The Kraft Heinz Company KHC is also worth a shot. The Zacks Rank #2 company has been benefiting from strength in its three key pillars — Foodservice, Emerging Markets and U.S. Retail Grow platforms. Further, this consumer-packaged food and beverage company has been on track with its transformation plan, as part of which AGILE@SCALE’s strategy has been noteworthy. The strategy has been helping The Kraft Heinz Company enhance its agile expertise and capabilities via partnerships with technology giants and cutting-edge innovators.
KHC has been undertaking strategic pricing initiatives to improve its performance. The consensus mark for The Kraft Heinz Company’s sales and EPS for 2024 suggests growth of 0.7% and 1.5%, respectively, from the year-ago period figures. The Zacks Consensus Estimate for KHC’s 2024 EPS has risen by a penny to $3.01 over the past 30 days. Shares of the company have gained 10.9% in the past three months against the industry’s decline of 0.5%.
Image Source: Zacks Investment Research
Another delicacy from the same industry is Ingredion Incorporated INGR, which rose 8.6% in the past three months. The company, which produces and sells sweeteners, starches, nutrition ingredients and biomaterial solutions, presently boasts a Zacks Rank of 2. The Zacks Consensus Estimate for INGR’s 2024 EPS has increased by a penny in the past 60 days to $9.74.
The consensus mark for 2024 sales and EPS suggests growth of 3.5% and 6.1%, respectively, from the year-ago period figures. Ingredion Incorporated looks well-positioned, thanks to its market and product diversity, along with its robust business model. An efficient approach to product pricing, a favorable customer mix, and a focus on driving operational excellence and productivity have been aiding the company in battling cost inflation. Ingredion Incorporated’s focus on Driving Growth Roadmap bodes well.
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
Pilgrim's Pride Corporation (PPC) : Free Stock Analysis Report
Ingredion Incorporated (INGR) : Free Stock Analysis Report
Kraft Heinz Company (KHC) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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 combination of strong brand presence and effective pricing strategies has enabled food companies to navigate the uncertainties of a volatile economic landscape. The emphasis on expanding plant-based alternatives has particularly benefited companies offering meat products, which form a significant portion of consumers' staple baskets. The strategy has been helping The Kraft Heinz Company enhance its agile expertise and capabilities via partnerships with technology giants and cutting-edge innovators.
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Indulge in These 3 Culinary Delights Investors can count on meat products company Pilgrim's Pride Corporation PPC. Image Source: Zacks Investment Research The Kraft Heinz Company KHC is also worth a shot. Click to get this free report Pilgrim's Pride Corporation (PPC) : Free Stock Analysis Report Ingredion Incorporated (INGR) : Free Stock Analysis Report Kraft Heinz Company (KHC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Image Source: Zacks Investment Research The Kraft Heinz Company KHC is also worth a shot. The consensus mark for The Kraft Heinz Company’s sales and EPS for 2024 suggests growth of 0.7% and 1.5%, respectively, from the year-ago period figures. Click to get this free report Pilgrim's Pride Corporation (PPC) : Free Stock Analysis Report Ingredion Incorporated (INGR) : Free Stock Analysis Report Kraft Heinz Company (KHC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Showing Resilience Amid Industry Dynamics The overall inflationary environment has affected consumers' purchasing power, influencing the volumes of many companies in the food industry. The Zacks Consensus Estimate for Pilgrim's Pride’s 2024 EPS has increased from $2.10 to $2.48 in the past 60 days. Zacks Investment Research has just released an urgent special report to help you bank on this trend.
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11c6321d-9c90-48c3-9ac0-55b812272370
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712878.0
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2023-12-12 00:00:00 UTC
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Wisdom Tree (WT) November AUM Rises Sequentially on Net Inflows
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https://www.nasdaq.com/articles/wisdom-tree-wt-november-aum-rises-sequentially-on-net-inflows
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WisdomTree, Inc. WT reported the total assets under management (AUM) of $98.15 billion as of Nov 30, 2023, which reflected a 4.5% increase from the prior-month level. The rise was primarily due to the $4.29-billion impact of a favorable market move.
WT, during November, recorded inflows from the U.S. equity, international developed market equity, emerging market equity, cryptocurrency, alternatives, and leveraged and inverse strategies of $85 million, $38 million, $148 million, $10 million, $13 million, and $45 million, respectively.
These inflows were partially offset by outflows from commodity and currency, and fixed income of $124 million and $259 million, respectively.
With this, the year-to-date net inflows of the company have jumped 14.9% to $11.16 billion, reflecting organic growth. Further, WisdomTree has generated year-to-date net inflows in six of its eight major product categories.
The company’s strong organic growth profile, along with a solid AUM balance, is likely to aid its top line in the near term. However, a challenging operating environment is a major near-term headwind, which might hurt its financials to some extent.
Over the past six months, shares of WisdomTree have declined 9.7% against a rise of 1.7% recorded by the industry.
Image Source: Zacks Investment Research
Currently, WisdomTree carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Competitive Landscape
Virtus Investment Partners, Inc. VRTS recorded a sequential rise of 6.2% in its preliminary AUM balance for November 2023 on the back of favorable market returns. The company reported a month-end AUM of $165.5 billion, which reflected a rise from the Oct 31, 2023, level of $155.8 million.
VRTS offered services to $2.6 billion of other fee-earning assets. This was excluded from the above-mentioned AUM balance.
Victory Capital Holdings VCTR reported an AUM of $159.6 billion for November 2023. This reflected a 7.2% rise from $148.89 billion as of Oct 31, 2023.
By asset classes, at the end of November, VCTR’s U.S. Mid Cap Equity AUM rose 7.7% from the October level to $29.05 billion. The U.S. Small Cap Equity AUM of $14.59 billion grew 6.9%. Further, the U.S. Large Cap Equity AUM increased 8.1% to $12.19 billion. The Global/Non-U.S. Equity AUM rose 11.5% to $16.14 billion.
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
Virtus Investment Partners, Inc. (VRTS) : Free Stock Analysis Report
Victory Capital Holdings, Inc. (VCTR) : Free Stock Analysis Report
WisdomTree, Inc. (WT) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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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WisdomTree, Inc. WT reported the total assets under management (AUM) of $98.15 billion as of Nov 30, 2023, which reflected a 4.5% increase from the prior-month level. The company’s strong organic growth profile, along with a solid AUM balance, is likely to aid its top line in the near term. Competitive Landscape Virtus Investment Partners, Inc. VRTS recorded a sequential rise of 6.2% in its preliminary AUM balance for November 2023 on the back of favorable market returns.
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WT, during November, recorded inflows from the U.S. equity, international developed market equity, emerging market equity, cryptocurrency, alternatives, and leveraged and inverse strategies of $85 million, $38 million, $148 million, $10 million, $13 million, and $45 million, respectively. Victory Capital Holdings VCTR reported an AUM of $159.6 billion for November 2023. Click to get this free report Virtus Investment Partners, Inc. (VRTS) : Free Stock Analysis Report Victory Capital Holdings, Inc. (VCTR) : Free Stock Analysis Report WisdomTree, Inc. (WT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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WT, during November, recorded inflows from the U.S. equity, international developed market equity, emerging market equity, cryptocurrency, alternatives, and leveraged and inverse strategies of $85 million, $38 million, $148 million, $10 million, $13 million, and $45 million, respectively. The company reported a month-end AUM of $165.5 billion, which reflected a rise from the Oct 31, 2023, level of $155.8 million. Click to get this free report Virtus Investment Partners, Inc. (VRTS) : Free Stock Analysis Report Victory Capital Holdings, Inc. (VCTR) : Free Stock Analysis Report WisdomTree, Inc. (WT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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WisdomTree, Inc. WT reported the total assets under management (AUM) of $98.15 billion as of Nov 30, 2023, which reflected a 4.5% increase from the prior-month level. The company reported a month-end AUM of $165.5 billion, which reflected a rise from the Oct 31, 2023, level of $155.8 million. Want the latest recommendations from Zacks Investment Research?
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33a524e7-8658-4e28-b84d-2ca2965d0f7a
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712879.0
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2023-12-12 00:00:00 UTC
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Installed Building (IBP) Buys Combee, Expands Florida Footmark
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DCOMP
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https://www.nasdaq.com/articles/installed-building-ibp-buys-combee-expands-florida-footmark
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nan
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Installed Building Products, Inc. IBP strengthens its market presence with the recent acquisition of Combee Insulation Company, Inc., Combee Foam Products, Inc., and Air Tight Diagnostics, LLC. This move, in line with IBP's growth strategy, significantly expands its footprint in Central Florida, catering to single-family, multifamily, and commercial customers.
Combee, established in 1970, is a Lakeland, FL-based company specializing in the installation of diverse building products, such as fiberglass insulation, spray foam insulation, and garage doors. The acquisition adds approximately $16.5 million in annual revenues to IBP's robust financial portfolio.
Acquisition: A Key Growth Driver
IBP's success lies in its proven strategy of acquiring well-run installers within the insulation and complementary building products sector. Bolstered by a strong balance sheet and an asset-light business model, IBP remains dedicated to pursuing growth through acquisitions, while concurrently returning value to shareholders through cash dividends and stock repurchases.
IBP's 2023 acquisition spree, totaling around $75 million in annual revenues, showcases its commitment to sustained growth. Earlier this year, IBP successfully acquired Interior 2000 Products, LLC, and R-Pro Select, LLC, adding expertise in shower, shelving, and mirror products, as well as fiberglass, spray foam, cellulose insulation, and fireplaces.
Furthermore, the acquisition of Interstate Spray Foam, LLC in October 2023 further strengthens IBP's position. With a focus on fiberglass and spray foam insulation for multifamily, residential, and commercial clients, this strategic move aligns with IBP's expansion goals.
As acquisitions continue to be a driving force behind IBP's growth, the company maintains a robust pipeline of opportunities across various geographies, products, and end markets. The Combee acquisition not only enriches IBP's offerings but also solidifies its position as an industry leader in the installation sector.
Share Price Performance
Shares of IBP have soared 35.2% in the past six months, outperforming the Zacks Building Products - Miscellaneous industry’s 18.2% growth.
Image Source: Zacks Investment Research
This Zacks Rank #2 (Buy) company’s earnings estimates for 2023 have increased to $10.00 per share from $9.84 per share, over the past 30 days. The same for 2024 has increased to $10.81 from $10.12 over the same time frame. The estimated figure indicates 11.3% and 8.1% year-over-year growth for 2023 and 2024, respectively. The positive trend signifies bullish analysts’ sentiments, robust fundamentals, and the continuation of an outperformance in the near term.
Other Key Picks
Some other top-ranked stocks from the Construction sector are EMCOR Group, Inc. EME, Acuity Brands, Inc. AYI and Armstrong World Industries AWI.
EMCOR currently sports a Zacks Rank of 1 (Strong Buy). Shares of the company have risen 23.8% in the past six months. You can see the complete list of today’s Zacks #1 Rank stocks here.
EME delivered a trailing four-quarter earnings surprise of 25%, on average. The Zacks Consensus Estimate for EME’s 2023 sales and earnings per share (EPS) indicates growth of 12% and 52.8%, respectively, from the previous year’s reported levels.
Acuity Brands currently carries a Zacks Rank of 2. AYI delivered a trailing four-quarter earnings surprise of 12%, on average.
The stock has gained 17.5% in the past six months. The Zacks Consensus Estimate for AYI’s fiscal 2024 sales and EPS indicates a decline of 3% and 4.7%, respectively, from a year ago.
Armstrong World Industries currently carries a Zacks Rank #2. AWI delivered a trailing four-quarter earnings surprise of 7.9%, on average.
Shares of the company have gained 36% in the past six months. The Zacks Consensus Estimate for AWI’s 2023 sales and EPS indicates growth of 4.7% and 8.2%, respectively, from the previous year’s reported levels.
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
EMCOR Group, Inc. (EME) : Free Stock Analysis Report
Armstrong World Industries, Inc. (AWI) : Free Stock Analysis Report
Acuity Brands Inc (AYI) : Free Stock Analysis Report
Installed Building Products, Inc. (IBP) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Acquisition: A Key Growth Driver IBP's success lies in its proven strategy of acquiring well-run installers within the insulation and complementary building products sector. Bolstered by a strong balance sheet and an asset-light business model, IBP remains dedicated to pursuing growth through acquisitions, while concurrently returning value to shareholders through cash dividends and stock repurchases. Other Key Picks Some other top-ranked stocks from the Construction sector are EMCOR Group, Inc. EME, Acuity Brands, Inc. AYI and Armstrong World Industries AWI.
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Installed Building Products, Inc. IBP strengthens its market presence with the recent acquisition of Combee Insulation Company, Inc., Combee Foam Products, Inc., and Air Tight Diagnostics, LLC. Other Key Picks Some other top-ranked stocks from the Construction sector are EMCOR Group, Inc. EME, Acuity Brands, Inc. AYI and Armstrong World Industries AWI. Click to get this free report EMCOR Group, Inc. (EME) : Free Stock Analysis Report Armstrong World Industries, Inc. (AWI) : Free Stock Analysis Report Acuity Brands Inc (AYI) : Free Stock Analysis Report Installed Building Products, Inc. (IBP) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Share Price Performance Shares of IBP have soared 35.2% in the past six months, outperforming the Zacks Building Products - Miscellaneous industry’s 18.2% growth. Image Source: Zacks Investment Research This Zacks Rank #2 (Buy) company’s earnings estimates for 2023 have increased to $10.00 per share from $9.84 per share, over the past 30 days. Click to get this free report EMCOR Group, Inc. (EME) : Free Stock Analysis Report Armstrong World Industries, Inc. (AWI) : Free Stock Analysis Report Acuity Brands Inc (AYI) : Free Stock Analysis Report Installed Building Products, Inc. (IBP) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Image Source: Zacks Investment Research This Zacks Rank #2 (Buy) company’s earnings estimates for 2023 have increased to $10.00 per share from $9.84 per share, over the past 30 days. The Zacks Consensus Estimate for EME’s 2023 sales and earnings per share (EPS) indicates growth of 12% and 52.8%, respectively, from the previous year’s reported levels. The Zacks Consensus Estimate for AWI’s 2023 sales and EPS indicates growth of 4.7% and 8.2%, respectively, from the previous year’s reported levels.
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836a289e-d8f2-4945-8da1-aa473d9b8403
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712880.0
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2023-12-12 00:00:00 UTC
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Here's Why You Should Retain Surmodics (SRDX) Stock for Now
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https://www.nasdaq.com/articles/heres-why-you-should-retain-surmodics-srdx-stock-for-now-1
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Surmodics, Inc. SRDX is well-poised for growth in the coming quarters, courtesy of its solid prospects in the thrombectomy business over the past few months. The optimism led by a solid fourth-quarter fiscal 2023 performance and its consistent efforts to boost research and development (R&D) are expected to contribute further. Yet, regulatory headwinds and data security threats persist.
Over the past year, this Zacks Rank #3 (Hold) stock has lost 7.5% compared with the 7.4% decline of the industry. The S&P 500 has witnessed 15.5% growth in the said time frame.
The renowned medical device and in-vitro diagnostics technology provider has a market capitalization of $484.3 million. Surmodics projects 71% growth for fiscal 2025 and is expecting to maintain its strong performance. SRDX’s earnings surpassed the Zacks Consensus Estimate in all the trailing four quarters, the average earnings surprise being 121.1%.
Image Source: Zacks Investment Research
Let’s delve deeper.
Consistent Efforts to Boost R&D: Surmodics’ solid efforts to improve its R&D stature have been a key growth driver, which raises our optimism. The company’s whole product solutions pipeline and sirolimus-based below-the-knee drug-coated balloon program deserve mention. Surmodics has been making progress using its internally developed .014 balloon platform.
In fiscal 2023, Surmodics’ R&D expenses were 35.1% of total revenues and were largely associated with its investments in vascular intervention product development, costs associated with the SurVeil drug-coated balloon (DCB) and regulatory infrastructure, facilities and personnel.
Thrombectomy Prospects Bright: Surmodics’ aim to leverage its proprietary Pounce thrombectomy platform technology to develop products raises our optimism. On the fourth quarter of fiscal 2023earnings callin November, management confirmed that the feedback received from new and existing physician customers during the past quarter demonstrated the advantages of Surmodics’ Pounce and Sublime products.
In June, Surmodics received the FDA’s approval for the SurVeil DCB.
Strong Q4 Results: Surmodics registered a solid uptick in the overall top and bottom lines in the fourth quarter of fiscal 2023. The company recorded robust revenues from both segments and its primary sources. During the quarter, Surmodics advanced the initial commercialization of its Pounce arterial thrombectomy and Sublime radial access platforms. This looked promising for the stock.
Downsides
Regulatory Headwinds: Surmodics’ facilities and procedures are subject to periodic inspections by the FDA to determine compliance with the latter’s requirements. On account of non-compliance with applicable laws or regulations, the FDA could ban such medical devices. Any adverse regulatory action can potentially have a negative impact on Surmodics' business practices and operations.
Data Security Threats: Surmodics collects and stores sensitive data, including its proprietary business information, on its networks. The secure maintenance of this information is critical to its operations and business strategy. Despite Surmodics’ security measures, its information technology and infrastructure may be vulnerable to attacks by hackers, resulting from employee error or other disruptions.
Estimate Trend
Surmodics is witnessing a negative estimate revision trend for fiscal 2024. In the past 90 days, the Zacks Consensus Estimate for its loss per share has widened from 67 cents to $1.00.
The Zacks Consensus Estimate for the company’s first-quarter fiscal 2024 revenues is pegged at $29.7 million, suggesting a 19.2% improvement from the year-ago reported number.
Key Picks
Some better-ranked stocks in the broader medical space are DaVita Inc. DVA, DexCom, Inc. DXCM and Integer Holdings Corporation ITGR.
DaVita, sporting a Zacks Rank #1 (Strong Buy), has an estimated long-term growth rate of 18.3%. DVA’s earnings surpassed estimates in all the trailing four quarters, with an average surprise of 36.6%. You can see the complete list of today’s Zacks #1 Rank stocks here.
DaVita’s shares have gained 42.5% compared with the industry’s 4.6% rise in the past year.
DexCom, carrying a Zacks Rank of 2 (Buy) at present, has an estimated long-term growth rate of 33.6%. DXCM’s earnings surpassed estimates in all the trailing four quarters, with an average of 36.4%.
DexCom’s shares have lost 1.4% compared with the industry’s 6.9% decline in the past year.
Integer Holdings, flaunting a Zacks Rank of 1 at present, has an estimated long-term growth rate of 15.8%. ITGR’s earnings surpassed estimates in all the trailing four quarters, the average surprise being 11.9%.
Integer Holdings’ shares have rallied 31.4% against the industry’s 6.9% decline 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
DaVita Inc. (DVA) : Free Stock Analysis Report
DexCom, Inc. (DXCM) : Free Stock Analysis Report
Surmodics, Inc. (SRDX) : Free Stock Analysis Report
Integer Holdings Corporation (ITGR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In fiscal 2023, Surmodics’ R&D expenses were 35.1% of total revenues and were largely associated with its investments in vascular intervention product development, costs associated with the SurVeil drug-coated balloon (DCB) and regulatory infrastructure, facilities and personnel. The Zacks Consensus Estimate for the company’s first-quarter fiscal 2024 revenues is pegged at $29.7 million, suggesting a 19.2% improvement from the year-ago reported number. Key Picks Some better-ranked stocks in the broader medical space are DaVita Inc. DVA, DexCom, Inc. DXCM and Integer Holdings Corporation ITGR.
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SRDX’s earnings surpassed the Zacks Consensus Estimate in all the trailing four quarters, the average earnings surprise being 121.1%. Thrombectomy Prospects Bright: Surmodics’ aim to leverage its proprietary Pounce thrombectomy platform technology to develop products raises our optimism. Click to get this free report DaVita Inc. (DVA) : Free Stock Analysis Report DexCom, Inc. (DXCM) : Free Stock Analysis Report Surmodics, Inc. (SRDX) : Free Stock Analysis Report Integer Holdings Corporation (ITGR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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SRDX’s earnings surpassed the Zacks Consensus Estimate in all the trailing four quarters, the average earnings surprise being 121.1%. On the fourth quarter of fiscal 2023earnings callin November, management confirmed that the feedback received from new and existing physician customers during the past quarter demonstrated the advantages of Surmodics’ Pounce and Sublime products. Click to get this free report DaVita Inc. (DVA) : Free Stock Analysis Report DexCom, Inc. (DXCM) : Free Stock Analysis Report Surmodics, Inc. (SRDX) : Free Stock Analysis Report Integer Holdings Corporation (ITGR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Surmodics, Inc. SRDX is well-poised for growth in the coming quarters, courtesy of its solid prospects in the thrombectomy business over the past few months. In fiscal 2023, Surmodics’ R&D expenses were 35.1% of total revenues and were largely associated with its investments in vascular intervention product development, costs associated with the SurVeil drug-coated balloon (DCB) and regulatory infrastructure, facilities and personnel. Zacks Investment Research has just released an urgent special report to help you bank on this trend.
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9bd4e490-56cb-4cc2-bdad-b6cf0eb98b8e
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712881.0
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2023-12-12 00:00:00 UTC
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SAN vs. CM: Which Stock Is the Better Value Option?
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DCOMP
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https://www.nasdaq.com/articles/san-vs.-cm%3A-which-stock-is-the-better-value-option
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nan
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nan
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Investors interested in Banks - Foreign stocks are likely familiar with Banco Santander (SAN) and Canadian Imperial Bank (CM). But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.
Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores work to identify stocks with specific traits.
Banco Santander and Canadian Imperial Bank are sporting Zacks Ranks of #2 (Buy) and #4 (Sell), respectively, right now. The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that SAN has an improving earnings outlook. But this is only part of the picture for value investors.
Value investors also tend to look at a number of traditional, tried-and-true figures to help them find stocks that they believe are undervalued at their current share price levels.
The Style Score Value grade factors in a variety of key fundamental metrics, including the popular P/E ratio, P/S ratio, earnings yield, cash flow per share, and a number of other key stats that are commonly used by value investors.
SAN currently has a forward P/E ratio of 6.10, while CM has a forward P/E of 8.82. We also note that SAN has a PEG ratio of 0.38. 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. CM currently has a PEG ratio of 2.92.
Another notable valuation metric for SAN is its P/B ratio of 0.60. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. By comparison, CM has a P/B of 1.06.
These are just a few of the metrics contributing to SAN's Value grade of A and CM's Value grade of C.
SAN has seen stronger estimate revision activity and sports more attractive valuation metrics than CM, so it seems like value investors will conclude that SAN is the superior option 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
Banco Santander, S.A. (SAN) : Free Stock Analysis Report
Canadian Imperial Bank of Commerce (CM) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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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Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. Value investors also tend to look at a number of traditional, tried-and-true figures to help them find stocks that they believe are undervalued at their current share price levels. 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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Investors interested in Banks - Foreign stocks are likely familiar with Banco Santander (SAN) and Canadian Imperial Bank (CM). Banco Santander and Canadian Imperial Bank are sporting Zacks Ranks of #2 (Buy) and #4 (Sell), respectively, right now. Click to get this free report Banco Santander, S.A. (SAN) : Free Stock Analysis Report Canadian Imperial Bank of Commerce (CM) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that SAN has an improving earnings outlook. These are just a few of the metrics contributing to SAN's Value grade of A and CM's Value grade of C. SAN has seen stronger estimate revision activity and sports more attractive valuation metrics than CM, so it seems like value investors will conclude that SAN is the superior option right now. Click to get this free report Banco Santander, S.A. (SAN) : Free Stock Analysis Report Canadian Imperial Bank of Commerce (CM) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Style Score Value grade factors in a variety of key fundamental metrics, including the popular P/E ratio, P/S ratio, earnings yield, cash flow per share, and a number of other key stats that are commonly used by value investors. These are just a few of the metrics contributing to SAN's Value grade of A and CM's Value grade of C. SAN has seen stronger estimate revision activity and sports more attractive valuation metrics than CM, so it seems like value investors will conclude that SAN is the superior option right now. Zacks Investment Research has just released an urgent special report to help you bank on this trend.
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bd4d2055-e94b-4879-9de2-e37844b98b07
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712882.0
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2023-12-12 00:00:00 UTC
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Masimo's (MASI) ORi Favored by Study for PaO2 Information
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DCOMP
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https://www.nasdaq.com/articles/masimos-masi-ori-favored-by-study-for-pao2-information
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nan
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Masimo Corporation MASI recently announced the findings of a retrospective study in which researchers assessed the association between Masimo ORi (Oxygen Reserve Index) and the arterial partial pressure of oxygen (PaO2) in patients who underwent non-cardiac thoracic surgery during one-lung ventilation (OLV). The findings were published in the Journal of Anesthesia.
In the United States, ORi has been granted a De Novo by the FDA to be used in patients undergoing surgery as an adjunct to SpO2 for increased monitoring resolution of elevated hemoglobin oxygen saturation levels. The ORi feature is indicated for the monitoring of hemoglobin oxygen saturation levels in patients 18 years and above on supplemental oxygen during no-motion conditions perioperatively in hospital environments.
The latest study demonstrating a significant correlation between the two parameters during OLV is a major stepping stone for Masimo’s real-time patient monitoring business and is likely to solidify its position in the niche space on a global scale.
Significance of the Study
The researchers noted the importance of striving to prevent hyperoxemia and hypoxemia, especially during surgery requiring OLV, due to the risk of pulmonary complications. Hence, they sought to evaluate a non-invasive, continuous method of predicting imminent over- or under-oxygenation to overcome the drawbacks of invasive blood gas analysis alone, using Masimo ORi.
The researchers found that ORi values were significantly correlated with PaO2 measured simultaneously. They also concluded that ORi could provide useful information on arterial oxygenation even during OLV.
ORi is expected to provide clinicians with additional visibility, as a complement to SpO2 monitoring with Masimo SET pulse oximetry, into when oxygenation is increased into, or decreased out of, moderate hyperoxia in real time. Hyperoxia is a state of excess supply of oxygen in tissues and organs.
Industry Prospects
Per a report by Mordor Intelligence, the global patient monitoring market is anticipated to reach from $43,808.29 million in 2023 to $62,571.34 million by 2028 at a CAGR of approximately 7.4%. Factors like the rising burden of chronic diseases due to lifestyle changes, growth in the elderly population, increasing preference for home and remote monitoring and the ease of use of portable devices are expected to drive the market.
Given the market potential, the latest study outcome is likely to provide a significant boost to Masimo’s business.
Recent Developments
Last month, Masimo announced the receipt of the FDA’s 510(k) clearance for over-the-counter and prescription use of the Masimo W1 medical watch.
The same month, Masimo announced a joint agreement with GE HealthCare. The collaboration is expected to integrate Masimo SET pulse oximetry into GE HealthCare’s Portrait Mobile wireless and wearable patient monitoring solution.
Also, in November, Masimo reported its third-quarter 2023 results. Per management, its healthcare business is transitioning away from COVID-era conditions. Also, management is beginning to see customer behavior and sensor purchasing patterns shifting back to the pre-pandemic growth trend line.
Price Performance
Shares of Masimo have lost 32% in the past year compared with the industry’s 6.9% decline. The S&P 500 has witnessed 15.5% growth in the said time frame.
Image Source: Zacks Investment Research
Zacks Rank & Stocks to Consider
Currently, Masimo carries a Zacks Rank #4 (Sell).
Some better-ranked stocks in the broader medical space are DaVita Inc. DVA, DexCom, Inc. DXCM and Integer Holdings Corporation ITGR.
DaVita, sporting a Zacks Rank #1 (Strong Buy), has an estimated long-term growth rate of 18.3%. DVA’s earnings surpassed estimates in all the trailing four quarters, with an average surprise of 36.6%. You can see the complete list of today’s Zacks #1 Rank stocks here.
DaVita’s shares have gained 42.5% compared with the industry’s 4.6% rise in the past year.
DexCom, carrying a Zacks Rank of 2 (Buy) at present, has an estimated long-term growth rate of 33.6%. DXCM’s earnings surpassed estimates in all the trailing four quarters, with an average of 36.4%.
DexCom’s shares have lost 1.4% compared with the industry’s 6.9% decline in the past year.
Integer Holdings, flaunting a Zacks Rank of 1 at present, has an estimated long-term growth rate of 15.8%. ITGR’s earnings surpassed estimates in all the trailing four quarters, the average surprise being 11.9%.
Integer Holdings’ shares have rallied 31.4% against the industry’s 6.9% decline 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
DaVita Inc. (DVA) : Free Stock Analysis Report
Masimo Corporation (MASI) : Free Stock Analysis Report
DexCom, Inc. (DXCM) : Free Stock Analysis Report
Integer Holdings Corporation (ITGR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In the United States, ORi has been granted a De Novo by the FDA to be used in patients undergoing surgery as an adjunct to SpO2 for increased monitoring resolution of elevated hemoglobin oxygen saturation levels. The latest study demonstrating a significant correlation between the two parameters during OLV is a major stepping stone for Masimo’s real-time patient monitoring business and is likely to solidify its position in the niche space on a global scale. Factors like the rising burden of chronic diseases due to lifestyle changes, growth in the elderly population, increasing preference for home and remote monitoring and the ease of use of portable devices are expected to drive the market.
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Image Source: Zacks Investment Research Zacks Rank & Stocks to Consider Currently, Masimo carries a Zacks Rank #4 (Sell). Some better-ranked stocks in the broader medical space are DaVita Inc. DVA, DexCom, Inc. DXCM and Integer Holdings Corporation ITGR. Click to get this free report DaVita Inc. (DVA) : Free Stock Analysis Report Masimo Corporation (MASI) : Free Stock Analysis Report DexCom, Inc. (DXCM) : Free Stock Analysis Report Integer Holdings Corporation (ITGR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Masimo Corporation MASI recently announced the findings of a retrospective study in which researchers assessed the association between Masimo ORi (Oxygen Reserve Index) and the arterial partial pressure of oxygen (PaO2) in patients who underwent non-cardiac thoracic surgery during one-lung ventilation (OLV). Image Source: Zacks Investment Research Zacks Rank & Stocks to Consider Currently, Masimo carries a Zacks Rank #4 (Sell). Click to get this free report DaVita Inc. (DVA) : Free Stock Analysis Report Masimo Corporation (MASI) : Free Stock Analysis Report DexCom, Inc. (DXCM) : Free Stock Analysis Report Integer Holdings Corporation (ITGR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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ORi is expected to provide clinicians with additional visibility, as a complement to SpO2 monitoring with Masimo SET pulse oximetry, into when oxygenation is increased into, or decreased out of, moderate hyperoxia in real time. Image Source: Zacks Investment Research Zacks Rank & Stocks to Consider Currently, Masimo carries a Zacks Rank #4 (Sell). Click to get this free report DaVita Inc. (DVA) : Free Stock Analysis Report Masimo Corporation (MASI) : Free Stock Analysis Report DexCom, Inc. (DXCM) : Free Stock Analysis Report Integer Holdings Corporation (ITGR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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7b3ed3ff-818a-43d5-8bd2-d38a7fa162e6
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712883.0
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2023-12-12 00:00:00 UTC
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Xerox Holdings Corporation (XRX) Surges 5.2%: Is This an Indication of Further Gains?
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DCOMP
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https://www.nasdaq.com/articles/xerox-holdings-corporation-xrx-surges-5.2%3A-is-this-an-indication-of-further-gains
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nan
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Xerox Holdings Corporation (XRX) shares rallied 5.2% in the last trading session to close at $17.58. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 21.4% gain over the past four weeks.
Xerox extended its rally for the eighth straight day, driven by optimism about the company’s efforts in using AI and augmented reality to revolutionize operations, cut emissions and lower carbon footprints, aiding clients in achieving sustainability targets. This transformative tech addresses global supply-chain challenges effectively.
This company is expected to post quarterly earnings of $0.51 per share in its upcoming report, which represents a year-over-year change of -42.7%. Revenues are expected to be $1.79 billion, down 7.6% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Xerox Holdings Corporation, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on XRX going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Xerox Holdings Corporation is a member of the Zacks Office Supplies industry. One other stock in the same industry, Avery Dennison (AVY), finished the last trading session 1.3% higher at $198.95. AVY has returned 4% over the past month.
Avery Dennison's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $2.15. Compared to the company's year-ago EPS, this represents a change of +30.3%. Avery Dennison currently boasts a Zacks Rank of #3 (Hold).
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Xerox Holdings Corporation (XRX) : Free Stock Analysis Report
Avery Dennison Corporation (AVY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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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Xerox extended its rally for the eighth straight day, driven by optimism about the company’s efforts in using AI and augmented reality to revolutionize operations, cut emissions and lower carbon footprints, aiding clients in achieving sustainability targets. This company is expected to post quarterly earnings of $0.51 per share in its upcoming report, which represents a year-over-year change of -42.7%. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Xerox Holdings Corporation is a member of the Zacks Office Supplies industry. Avery Dennison's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $2.15. Click to get this free report Xerox Holdings Corporation (XRX) : Free Stock Analysis Report Avery Dennison Corporation (AVY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Xerox Holdings Corporation is a member of the Zacks Office Supplies industry. Click to get this free report Xerox Holdings Corporation (XRX) : Free Stock Analysis Report Avery Dennison Corporation (AVY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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One other stock in the same industry, Avery Dennison (AVY), finished the last trading session 1.3% higher at $198.95. Avery Dennison's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $2.15. Click to get this free report Xerox Holdings Corporation (XRX) : Free Stock Analysis Report Avery Dennison Corporation (AVY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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dc583b05-e535-4fab-8d00-db420173e07d
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712884.0
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2023-12-12 00:00:00 UTC
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This Monthly Dividend Stock Fell 15% in 2023. Here's Why 2024 Could Be Much Better.
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DCOMP
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https://www.nasdaq.com/articles/this-monthly-dividend-stock-fell-15-in-2023.-heres-why-2024-could-be-much-better.
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Investors in Realty Income (NYSE: O) have had a tough year. The stock fell as much as 40% from its high and is still down 15% from where it traded 12 months ago. Falling share prices aren't fun, so when a beloved dividend stock plummets, it can cause people to question the company's future prospects.
I'm here to tell you that Realty Income is just fine and is an excellent investment idea for 2024 and beyond. More importantly, I'll explain what happened to the stock and why. Read this and feel confident buying this stellar real estate company.
The relationship between rates and REITs
Realty Income is a real estate investment trust (REIT). That's a special business structure for real estate companies. It's a way that investors can benefit from owning real estate without buying buildings. REITs pass on their profits (90% or more of taxable income) to shareholders by design. This has made Realty Income a great dividend stock. Not only does it sport a nice 5.4% yield, but it pays investors monthly dividends.
Since REITs pay out most of their earnings, how do they grow the business? A REIT like Realty Income will use debt or issue new shares of stock (or both) to raise the funds it needs to grow. Ideally, a company can generate a higher return on its real estate portfolio than what it costs to generate its funds, known as the weighted average cost of capital, or WAAC.
The past few years have been among the worst for U.S. Treasury bonds. When bond prices fall, yields go up. Higher yields translate to higher interest rates on borrowing, such as corporate debt. In other words, rising yields make borrowing more expensive, potentially hurting companies like REITs.
Note that the 10-year yield is widely considered a benchmark for interest rates. You can see how the market has treated Realty Income's stock as the 10-year Treasury yield fluctuates. Notice the inverse relationship they have:
O data by YCharts
Realty Income is navigating tough waters
Wall Street believes higher rates hurt Realty Income, but is that true? The reality is that Realty Income's management team is doing a good job navigating these tough waters. For example, the company has been able to manage the spread between its return on funds and a rising 10-year Treasury yield.
Image source: Realty Income
Additionally, management has raised its 2023 guidance. Full-year funds from operations (FFO) per share should be between $3.98 and $4.01. That's an increase over 2022's $3.92. FFO per share grew 9.2% from 2021 to 2022, so growth slowed due to higher rates. Still, the business hasn't fundamentally collapsed like its share price might imply.
A bargain as yields retreat?
After nearly touching 5%, the 10-year Treasury yield has fallen to just over 4%. It will likely aid Realty Income's stock if the yield continues dropping, though nobody can predict the future. You can evaluate where Realty Income trades today and judge how attractive the stock is based on its fundamentals.
At a share price of $65 and guided FFO per share of $4, the stock trades at a price-to-FFO ratio of just over 16. The company has grown its FFO per share by a median of 5% annually since 1996, so it seems reasonable to use that growth rate moving forward.
Considering the broader market grows profits by 9% to 10% annually and trades at a P/E ratio of 20, Realty Income's current valuation seems on par with where it should trade. That means investors can look for FFO growth to translate to investment returns, plus the dividend yield, totaling annual returns between 10% and 11% moving forward.
Long-term investors willing to let those dividends pile up and reinvest them could do quite well with Realty Income in 2024 and beyond.
Should you invest $1,000 in Realty Income right now?
Before you buy stock in Realty Income, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Realty Income wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 11, 2023
Justin Pope has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Realty Income. 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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Falling share prices aren't fun, so when a beloved dividend stock plummets, it can cause people to question the company's future prospects. A REIT like Realty Income will use debt or issue new shares of stock (or both) to raise the funds it needs to grow. The company has grown its FFO per share by a median of 5% annually since 1996, so it seems reasonable to use that growth rate moving forward.
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Notice the inverse relationship they have: O data by YCharts Realty Income is navigating tough waters Wall Street believes higher rates hurt Realty Income, but is that true? That means investors can look for FFO growth to translate to investment returns, plus the dividend yield, totaling annual returns between 10% and 11% moving forward. Before you buy stock in Realty Income, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Realty Income wasn't one of them.
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A REIT like Realty Income will use debt or issue new shares of stock (or both) to raise the funds it needs to grow. Notice the inverse relationship they have: O data by YCharts Realty Income is navigating tough waters Wall Street believes higher rates hurt Realty Income, but is that true? Before you buy stock in Realty Income, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Realty Income wasn't one of them.
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For example, the company has been able to manage the spread between its return on funds and a rising 10-year Treasury yield. Should you invest $1,000 in Realty Income right now? Before you buy stock in Realty Income, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Realty Income wasn't one of them.
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861fb5b7-5cb1-4d88-84d1-9a7de7a91b40
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712885.0
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2023-12-12 00:00:00 UTC
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Here's How Innovation Keeps Colgate (CL) Stock on Growth Track
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DCOMP
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https://www.nasdaq.com/articles/heres-how-innovation-keeps-colgate-cl-stock-on-growth-track
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nan
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nan
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Colgate-Palmolive Company CL has been benefitting from its innovation strategies and execution, which have been crafting the company’s growth story over the years. Additionally, CL’s bold pricing actions and accelerated revenue growth management plans have been driving organic sales growth.
The company’s innovation strategy is focused on growing in adjacent categories and product segments. It is also focused on the premiumization of its Oral Care portfolio through major innovations.
Backed by its premium innovation, the company’s products like CO. by Colgate, Colgate Elixir toothpaste and Colgate enzyme whitening toothpaste have been performing well. Also, CL’s at-home whitening and professional whitening products have been well-received by customers.
Colgate’s Oral Care business has also been performing well, particularly in Africa. Some other notable efforts include the continued expansion of the Naturals and Therapeutics divisions, as well as the Hello Products LLC buyout.
Additionally, the popularity of Colgate’s professional skincare businesses — Elta MD and PCA Skin — in spas and at dermatologists continues to grow. Colgate has been witnessing positive customer feedback for its elmex and meridol brands, driven by increased investment. The company expanded its premium skincare portfolio with the buyout of the Filorga skincare business. It is witnessing strong market share gains in North America and China, its two largest markets, with increased share gains across all other regions.
The company’s robust business trends and gains from ongoing innovation have been well reflected in its share price. Shares of this Zacks Rank #3 (Hold) company have gained 3.3% in the past three months against the industry’s decline of 2.4%. CL also fared better than the sector’s growth of 1.7% in the same period.
The Zacks Consensus Estimate for Colgate’s 2023 sales and earnings suggests growth of 7.9% and 8.1%, respectively, from the year-ago reported numbers.
Image Source: Zacks Investment Research
Other Factors Driving Growth
CL has been gaining from strong pricing, and the benefits of funding growth and other productivity efforts. The company’s aggressive pricing actions, along with solid business momentum, boosted the top line and margins in third-quarter 2023.
In third-quarter 2023, net sales increased 10.5% year over year and advanced 9% on an organic basis. The company reported the 19th successive quarter of organic sales growth at or above its long-term target of 3-5% growth in third-quarter 2023. The gross profit margin expanded 130 basis points (bps) to 58.5% on a GAAP basis and 140 bps to 58.6% on an adjusted basis. Consequently, non-GAAP basis earnings advanced 16% from the prior-year period.
Driven by the impressive results, management raised its sales and profit forecast for 2023. It anticipates net sales growth of 6-8% compared with the prior mentioned 5-8%. The current projection reflects gains from the acquisitions of pet food businesses, offset by a low-single-digit adverse currency impact. It anticipates full-year organic sales growth of 7-8% compared with the earlier stated 5-7%. The company expects an adjusted gross profit margin expansion in 2023. It estimates adjusted earnings per share to increase in the high-single digits compared with the prior stated mid-single-digit growth.
Stocks to Consider
We have highlighted three better-ranked stocks from the Consumer Staple sector, namely e.l.f. Beauty ELF, Inter Parfums IPAR and Ollie's Bargain Outlet OLLI.
e.l.f. Beauty, operating as a cosmetic company, currently sports a Zacks Rank #1 (Strong Buy). Shares of ELF have rallied 16.4% in the past three months. You can see the complete list of today's Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for e.l.f. Beauty’s current financial year’s sales and earnings per share suggests growth of 57.8% and 61.5%, respectively, from the year-ago reported figures. ELF has a trailing four-quarter earnings surprise of 90.1%, on average.
Inter Parfums, engaged in the manufacturing, distribution and marketing of a wide range of fragrances and related products, has a trailing four-quarter earnings surprise of 45.7%, on average. It currently carries a Zacks Rank #2 (Buy).
The Zacks Consensus Estimate for Inter Parfums’ current financial-year sales and earnings suggests growth of 20.9% and 19.7%, respectively, from the prior-year reported levels. Shares of IPAR have gained 1.7% in the past three months.
Ollie's is a value retailer of brand-name merchandise at drastically reduced prices. It currently carries a Zacks Rank #2. Shares of OLLI have declined 7.3% in the past three months.
The Zacks Consensus Estimate for OLLI’s current financial-year sales and earnings suggests growth of 14.8% and 72.8%, respectively, from the year-earlier actuals. OLLI has a trailing four-quarter earnings surprise of 7.04%, on average.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Colgate-Palmolive Company (CL) : Free Stock Analysis Report
Inter Parfums, Inc. (IPAR) : Free Stock Analysis Report
Ollie's Bargain Outlet Holdings, Inc. (OLLI) : Free Stock Analysis Report
e.l.f. Beauty (ELF) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Additionally, the popularity of Colgate’s professional skincare businesses — Elta MD and PCA Skin — in spas and at dermatologists continues to grow. Inter Parfums, engaged in the manufacturing, distribution and marketing of a wide range of fragrances and related products, has a trailing four-quarter earnings surprise of 45.7%, on average. The Zacks Consensus Estimate for Inter Parfums’ current financial-year sales and earnings suggests growth of 20.9% and 19.7%, respectively, from the prior-year reported levels.
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Beauty ELF, Inter Parfums IPAR and Ollie's Bargain Outlet OLLI. The Zacks Consensus Estimate for Inter Parfums’ current financial-year sales and earnings suggests growth of 20.9% and 19.7%, respectively, from the prior-year reported levels. Click to get this free report Colgate-Palmolive Company (CL) : Free Stock Analysis Report Inter Parfums, Inc. (IPAR) : Free Stock Analysis Report Ollie's Bargain Outlet Holdings, Inc. (OLLI) : Free Stock Analysis Report e.l.f.
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Image Source: Zacks Investment Research Other Factors Driving Growth CL has been gaining from strong pricing, and the benefits of funding growth and other productivity efforts. The Zacks Consensus Estimate for Inter Parfums’ current financial-year sales and earnings suggests growth of 20.9% and 19.7%, respectively, from the prior-year reported levels. Click to get this free report Colgate-Palmolive Company (CL) : Free Stock Analysis Report Inter Parfums, Inc. (IPAR) : Free Stock Analysis Report Ollie's Bargain Outlet Holdings, Inc. (OLLI) : Free Stock Analysis Report e.l.f.
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Backed by its premium innovation, the company’s products like CO. by Colgate, Colgate Elixir toothpaste and Colgate enzyme whitening toothpaste have been performing well. Image Source: Zacks Investment Research Other Factors Driving Growth CL has been gaining from strong pricing, and the benefits of funding growth and other productivity efforts. In third-quarter 2023, net sales increased 10.5% year over year and advanced 9% on an organic basis.
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6c5beedf-3667-4a9d-9311-e18b1b4501aa
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712886.0
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2023-12-12 00:00:00 UTC
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Blackstone (BX), CPPIB Win Stake in Signature Bank Property Loan
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https://www.nasdaq.com/articles/blackstone-bx-cppib-win-stake-in-signature-bank-property-loan
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nan
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A joint venture between Blackstone Inc. BX and Canada Pension Plan Investment Board (“CPPIB”) has won a stake in the $17-billion portfolio of commercial property loans from failed Signature Bank. Last month, Bloomberg reported that BX was leading to win the portfolio from the U.S. Federal Deposit Insurance Corp’s (“FDIC”) sale of Signature Bank’s debt.
Notably, following the failure of Signature Bank this March, the FDIC has been seeking to offload $33 billion of the New York lender’s real estate loans.
Signature Bank had been a big lender to apartment landlords in New York City, with a portion of loans backing buildings that have rent-stabilized or rent-controlled units. However, the rent-stabilized apartments are not part of the Blackstone deal.
The commercial property loan portfolio that has been won by Blackstone and its partners include more than 2,600 first-mortgage loans, backed by retail, market-rate apartments and office properties largely located in the New York metropolitan area.
According to a statement published yesterday, the companies are also partnering with funds affiliated with Rialto Capital to acquire a 20% stake in the venture for $1.2 billion. The FDIC continues to maintain an 80% stake in the venture and provide financing equal to 50% of the value.
Blackstone will be the lead asset manager of the portfolio, while Rialto will be the loan servicer and operating partner.
Jonathan Pollack, the global head of Blackstone Real Estate Credit, stated, “We are excited to invest in this compelling, large-scale opportunity.”
Over the past six months, BX shares have gained 38.7% compared with the industry’s 3.3% rally.
Image Source: Zacks Investment Research
Currently, BX carries a Zacks Rank #5 (Strong Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
US Regional Banking Crisis
Toward the end of the first quarter of this year, the fastest rate hikes since the 1980s led to a crisis in the banking industry and resulted in the collapse of four banks — Silvergate Capital, Signature Bank, Silicon Valley Bank and First Republic Bank.
Following its failure, Signature Bank was closed by regulators. The FDIC took over the fallen bank and transferred all deposits and substantially all assets to Signature Bridge Bank, N.A.
Thereafter, $38 billion in assets and $36 billion of liabilities of Signature Bridge Bank was acquired by New York Community Bancorp, Inc.’s NYCB subsidiary, Flagstar Bank.
Specifically, $38 billion in assets consisted of several loan portfolios aggregating $13 billion and cash totaling $25 billion (including $2.7 billion arising from a discounted bid to net asset value). The acquired loans exclusively consisted of commercial and industrial loans.
The liabilities of $36 billion consisted of deposits of $34 billion and other liabilities of $2 billion. It also includes its core bank deposit relationships, including the New York and the West Coast private client teams.
The deal also included Signature Bank’s wealth management and broker-dealer business.
However, because of the uncertainty in the digital asset space at that time, NYCB did not acquire any digital asset banking, crypto-related assets or the fund banking business of Signature Bank. Also, NYCB did not acquire Signature Bank’s multi-family, commercial real estate and other loans.
Likewise, Silicon Valley Bank was seized by the FDIC and then sold to First Citizens BancShares, Inc. FCNCA.
FCNCA assumed Silicon Valley Bank’s assets worth $110 billion, deposits worth $56 billion and loans worth $72 billion.
First Citizens was also selected for the transaction through a competitive bidding process. It won an auction coordinated by the FDIC among 18 bidders who had put in 27 bids for Silicon Valley Bank.
The purchase of Silicon Valley Bank has been by far the biggest challenge for FCNCA, which has a history of buying failed banks.
Then, First Republic Bank, the second-biggest bank failure in history, was acquired by JPMorgan JPM. The deal made the largest U.S. bank an even bigger financial behemoth.
JPM bought the bulk of First Republic’s $228 billion of assets (adding to its huge $3.7-trillion asset balance) and assumed deposits worth $92 billion by paying $10.6 billion. The deal complements JPM’s wealth business and is expected to result in increased penetration within the high-net-worth clients. Also, JPM expected the transaction to generate more than $500 million of “incremental net income” annually.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
JPMorgan Chase & Co. (JPM) : Free Stock Analysis Report
Blackstone Inc. (BX) : Free Stock Analysis Report
First Citizens BancShares, Inc. (FCNCA) : Free Stock Analysis Report
New York Community Bancorp, Inc. (NYCB) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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 joint venture between Blackstone Inc. BX and Canada Pension Plan Investment Board (“CPPIB”) has won a stake in the $17-billion portfolio of commercial property loans from failed Signature Bank. Last month, Bloomberg reported that BX was leading to win the portfolio from the U.S. Federal Deposit Insurance Corp’s (“FDIC”) sale of Signature Bank’s debt. Signature Bank had been a big lender to apartment landlords in New York City, with a portion of loans backing buildings that have rent-stabilized or rent-controlled units.
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However, because of the uncertainty in the digital asset space at that time, NYCB did not acquire any digital asset banking, crypto-related assets or the fund banking business of Signature Bank. FCNCA assumed Silicon Valley Bank’s assets worth $110 billion, deposits worth $56 billion and loans worth $72 billion. Click to get this free report JPMorgan Chase & Co. (JPM) : Free Stock Analysis Report Blackstone Inc. (BX) : Free Stock Analysis Report First Citizens BancShares, Inc. (FCNCA) : Free Stock Analysis Report New York Community Bancorp, Inc. (NYCB) : Free Stock Analysis Report To read this article on Zacks.com click here.
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US Regional Banking Crisis Toward the end of the first quarter of this year, the fastest rate hikes since the 1980s led to a crisis in the banking industry and resulted in the collapse of four banks — Silvergate Capital, Signature Bank, Silicon Valley Bank and First Republic Bank. However, because of the uncertainty in the digital asset space at that time, NYCB did not acquire any digital asset banking, crypto-related assets or the fund banking business of Signature Bank. Click to get this free report JPMorgan Chase & Co. (JPM) : Free Stock Analysis Report Blackstone Inc. (BX) : Free Stock Analysis Report First Citizens BancShares, Inc. (FCNCA) : Free Stock Analysis Report New York Community Bancorp, Inc. (NYCB) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Notably, following the failure of Signature Bank this March, the FDIC has been seeking to offload $33 billion of the New York lender’s real estate loans. The commercial property loan portfolio that has been won by Blackstone and its partners include more than 2,600 first-mortgage loans, backed by retail, market-rate apartments and office properties largely located in the New York metropolitan area. The deal also included Signature Bank’s wealth management and broker-dealer business.
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ac23b442-7338-433a-a707-bb2f49bb0a7a
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712887.0
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2023-12-12 00:00:00 UTC
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Commercial Metals (CMC) to Change Its Segmental Reporting
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https://www.nasdaq.com/articles/commercial-metals-cmc-to-change-its-segmental-reporting
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Commercial Metals Company CMC announced that commencing with the first quarter of fiscal 2024, it will release its financial results with a realigned reporting structure. The altered segmental reporting better reflects the expansion of the company's solution offerings beyond traditional steel products, as well as the rising relevance of non-steel solutions to CMC's financial results and prospects.
The company will now report under three segments — North America Steel Group, Europe Steel Group and Emerging Businesses Group.
North America Steel Group consists largely of CMC's former North America segment's recycling, steel mill, rebar fabrication, fence post manufacturing and post-tension cable operations. Europe Steel Group includes essentially all recycling, steel mill and steel fabrication operations that were previously part of the company's Europe segment.
Emerging Businesses Group will include the Tensar geogrid and Geopier, CMC Construction Services, Performance Reinforcing Steel, CMC Anchoring Systems, and Impact Metals operations. Except for the geogrid operations located outside of North America, which were included in the former Europe segment, these were reported under CMC's former North America segment.
Commercial Metals’ Corporate and Eliminations reporting remains unaltered.
The company's restructured reporting structure better reflects how it views operations. The decision to change segmental reporting was made to better represent the company's chief operating decision-maker's approach to performance evaluation, strategic decision-making and capital resource allocation.
Commercial Metals reported adjusted earnings per share (EPS) of $1.69 for fourth-quarter fiscal 2023, missing the Zacks Consensus Estimate of $1.84. The bottom line fell 31% from the prior-year quarter’s $2.45. Net sales in the reported quarter were $2,209 million compared with the year-ago quarter’s $2,407 million. The reported figure surpassed the Zacks Consensus Estimate of $2,096 million.
Price Performance
Shares of Commercial Metals have gained 1.3% in the past year compared with the industry’s growth of 29.4%.
Image Source: Zacks Investment Research
Zacks Rank & Stocks to Consider
Commercial Metals currently sports a Zacks Rank #3 (Hold).
Some better-ranked stocks from the basic materials space are Axalta Coating Systems Ltd. AXTA, Universal Stainless & Alloy Products, Inc. USAP and Alamos Gold Inc. AGI. AXTA sports a Zacks Rank #1 (Strong Buy), and USAP and AGI carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Axalta Coating’s 2023 earnings is pegged at 44 cents per share. The consensus estimate for 2023 earnings has moved 23% north in the past 60 days. Shares of AXTA have gained 31% in a year.
Universal Stainless & Alloy Products has an average trailing four-quarter earnings surprise of 44.4%. The Zacks Consensus Estimate for USAP’s 2023 earnings is pegged at 27 cents per share. Earnings estimates have been unchanged in the past 60 days. Shares of USAP have rallied 137% in the last year.
The consensus estimate for Alamos’ current fiscal year earnings is pegged at 53 cents, indicating a year-over-year surge of 89.3%. AGI beat the Zacks Consensus Estimate in the last four quarters, the average earnings surprise being 25.6%. The company’s shares have gained 46% in the past year.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Commercial Metals Company (CMC) : Free Stock Analysis Report
Universal Stainless & Alloy Products, Inc. (USAP) : Free Stock Analysis Report
Alamos Gold Inc. (AGI) : Free Stock Analysis Report
Axalta Coating Systems Ltd. (AXTA) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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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Commercial Metals Company CMC announced that commencing with the first quarter of fiscal 2024, it will release its financial results with a realigned reporting structure. Commercial Metals reported adjusted earnings per share (EPS) of $1.69 for fourth-quarter fiscal 2023, missing the Zacks Consensus Estimate of $1.84. Some better-ranked stocks from the basic materials space are Axalta Coating Systems Ltd. AXTA, Universal Stainless & Alloy Products, Inc. USAP and Alamos Gold Inc. AGI.
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The company will now report under three segments — North America Steel Group, Europe Steel Group and Emerging Businesses Group. Some better-ranked stocks from the basic materials space are Axalta Coating Systems Ltd. AXTA, Universal Stainless & Alloy Products, Inc. USAP and Alamos Gold Inc. AGI. Click to get this free report Commercial Metals Company (CMC) : Free Stock Analysis Report Universal Stainless & Alloy Products, Inc. (USAP) : Free Stock Analysis Report Alamos Gold Inc. (AGI) : Free Stock Analysis Report Axalta Coating Systems Ltd. (AXTA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Commercial Metals reported adjusted earnings per share (EPS) of $1.69 for fourth-quarter fiscal 2023, missing the Zacks Consensus Estimate of $1.84. Image Source: Zacks Investment Research Zacks Rank & Stocks to Consider Commercial Metals currently sports a Zacks Rank #3 (Hold). Click to get this free report Commercial Metals Company (CMC) : Free Stock Analysis Report Universal Stainless & Alloy Products, Inc. (USAP) : Free Stock Analysis Report Alamos Gold Inc. (AGI) : Free Stock Analysis Report Axalta Coating Systems Ltd. (AXTA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The consensus estimate for 2023 earnings has moved 23% north in the past 60 days. The Zacks Consensus Estimate for USAP’s 2023 earnings is pegged at 27 cents per share. AGI beat the Zacks Consensus Estimate in the last four quarters, the average earnings surprise being 25.6%.
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a4614235-6484-4b58-ac87-9a8fbc576320
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712888.0
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2023-12-12 00:00:00 UTC
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Winnebago (WGO) Q1 Earnings Preview: What You Should Know Beyond the Headline Estimates
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https://www.nasdaq.com/articles/winnebago-wgo-q1-earnings-preview%3A-what-you-should-know-beyond-the-headline-estimates
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The upcoming report from Winnebago Industries (WGO) is expected to reveal quarterly earnings of $1.25 per share, indicating a decline of 39.6% compared to the year-ago period. Analysts forecast revenues of $738.57 million, representing a decrease of 22.4% year over year.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
With that in mind, let's delve into the average projections of some Winnebago metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts expect 'Net Revenues- Motor Homes RV' to come in at $359.10 million. The estimate indicates a year-over-year change of -22.6%.
It is projected by analysts that the 'Net Revenues- Towable RV' will reach $274.93 million. The estimate indicates a change of -20.8% from the prior-year quarter.
Analysts predict that the 'Net Revenues- Corporate / All Other' will reach $11.89 million. The estimate indicates a year-over-year change of +27.9%.
The consensus estimate for 'Net Revenues- Marine' stands at $104.97 million. The estimate suggests a change of -20.1% year over year.
The consensus among analysts is that 'Deliveries - Units - Total Towable RV' will reach 6,557. Compared to the current estimate, the company reported 7,191 in the same quarter of the previous year.
Analysts forecast 'Unit sales - Total Motorhome RV' to reach 1,950. The estimate is in contrast to the year-ago figure of 2,508.
The average prediction of analysts places 'Unit deliveries - Marine - Boats' at 1,301. The estimate is in contrast to the year-ago figure of 1,700.
The collective assessment of analysts points to an estimated 'Deliveries - Units - Fifth wheel' of 2,152. The estimate compares to the year-ago value of 2,541.
The combined assessment of analysts suggests that 'Deliveries - Units - Travel trailer' will likely reach 4,434. Compared to the current estimate, the company reported 4,650 in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Deliveries - Units - Class C' should arrive at 422. The estimate is in contrast to the year-ago figure of 493.
Analysts' assessment points toward 'Deliveries - Units - Class A' reaching 568. The estimate compares to the year-ago value of 693.
According to the collective judgment of analysts, 'Deliveries - Units - Class B' should come in at 936. Compared to the current estimate, the company reported 1,322 in the same quarter of the previous year.
View all Key Company Metrics for Winnebago here>>>
Over the past month, shares of Winnebago have returned +13.2% versus the Zacks S&P 500 composite's +5.2% change. Currently, WGO carries a Zacks Rank #5 (Strong Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Winnebago Industries, Inc. (WGO) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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 upcoming report from Winnebago Industries (WGO) is expected to reveal quarterly earnings of $1.25 per share, indicating a decline of 39.6% compared to the year-ago period. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock. While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
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The upcoming report from Winnebago Industries (WGO) is expected to reveal quarterly earnings of $1.25 per share, indicating a decline of 39.6% compared to the year-ago period. While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights. Click to get this free report Winnebago Industries, Inc. (WGO) : Free Stock Analysis Report To read this article on Zacks.com click here.
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While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights. Compared to the current estimate, the company reported 7,191 in the same quarter of the previous year. Compared to the current estimate, the company reported 4,650 in the same quarter of the previous year.
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The upcoming report from Winnebago Industries (WGO) is expected to reveal quarterly earnings of $1.25 per share, indicating a decline of 39.6% compared to the year-ago period. Analysts predict that the 'Net Revenues- Corporate / All Other' will reach $11.89 million. The estimate suggests a change of -20.1% year over year.
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a3cff0e8-1e2c-4d89-89e9-1f1760579d8a
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712889.0
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2023-12-12 00:00:00 UTC
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COTY Gains From Solid Beauty Product Business Amid Headwinds
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DCOMP
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https://www.nasdaq.com/articles/coty-gains-from-solid-beauty-product-business-amid-headwinds
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nan
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Coty Inc. COTY is well poised to grow from strength across its Prestige and Consumer Beauty businesses. In the first quarter of fiscal 2024, revenues from the company’s Prestige segment increased 23% on a year-over-year basis to $1,064.7 million. The improvement was driven by strength in the prestige fragrance category on the continued success of fragrance brands like Hugo Boss, Calvin Klein, Burberry and Gucci.
The Consumer Beauty segment has also been witnessing solid momentum, driven by robust demand for color cosmetics, mass fragrances, mass skin and body care products. For instance, in the fiscal first quarter, the segment’s revenues grew 10% year over year to $576.7 million. Also, the continued recovery of international travel and Coty's expansion in the travel retail channel have been driving its Travel Retail sales. Its Travel Retail business witnessed more than 20% growth in first-quarter fiscal 2024.
With such favorable trends and momentum in the core categories, the company provided a solid sales outlook for the first half, as well as fiscal 2024. For the first half of fiscal 2024, COTY expects its core like-for-like (“LFL”) sales to grow 11-13%. Consequently, management raised its overall fiscal 2024 core LFL sales view from an increase of 8-10% to 9-11%.
The company remains committed to undertaking initiatives to accelerate sales and profit growth, deleverage its balance sheet and simplify its capital structure. In July 2023, it unveiled that it inked a letter of intent to divest part of its stake in Wella to IGF Wealth Management. In December 2022, Coty announced the sale of the Lacoste fragrance license back to the latter in a mutual deal. The move will help the firm focus on its most significant fragrance licenses while speeding up its deleveraging plan via the sale proceeds.
Image Source: Zacks Investment Research
This Zacks Rank #3 (Hold) company’s shares have gained 9.1% in the past three months against the industry’s decline of 3%.
However, COTY has been witnessing rising operating costs and expenses. In the fiscal first quarter, its cost of sales grew 20% to $599.5 million year over year. The increase was attributable to higher manufacturing and material costs, a rise in designer license fees and obsolescence costs.
Given the company’s extensive presence in international markets, its business is exposed to the risk of adverse currency fluctuations. For instance, in fiscal 2023, it incurred more than $70 million of negative foreign exchange impacts on adjusted EBITDA.
Stocks to Consider
Here, we have highlighted three better-ranked stocks from the same space, namely Dutch Bros BROS, Inter Parfums IPAR and Ingredion Incorporated INGR, 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.
Dutch Bros is an operator and franchisor of drive-thru shops that focus on serving high-quality, hand-crafted beverages with unparalleled speed and superior service. BROS has a trailing four-quarter earnings surprise of 57.1%, on average.
The Zacks Consensus Estimate for Dutch Bros’ current financial-year sales and earnings suggests growth of 30.6% and 75%, respectively, from the year-ago period's reported figures.
Inter Parfums manufactures, markets and distributes a range of fragrances and fragrance-related products. The Zacks Consensus Estimate for Inter Parfums’ current financial-year sales indicates 20.9% growth from the year-ago reported figure. IPAR has a trailing four-quarter earnings surprise of 45.7%, on average.
Ingredion is a producer and distributor of sweeteners, nutrition ingredients and biomaterial solutions. The Zacks Consensus Estimate for INGR’s current financial-year earnings per share indicates an increase of 24.7% from the corresponding year-ago reported figure. INGR reported an earnings surprise of 23.9% in the last reported quarter.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Ingredion Incorporated (INGR) : Free Stock Analysis Report
Inter Parfums, Inc. (IPAR) : Free Stock Analysis Report
Coty (COTY) : Free Stock Analysis Report
Dutch Bros Inc. (BROS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company remains committed to undertaking initiatives to accelerate sales and profit growth, deleverage its balance sheet and simplify its capital structure. Dutch Bros is an operator and franchisor of drive-thru shops that focus on serving high-quality, hand-crafted beverages with unparalleled speed and superior service. The Zacks Consensus Estimate for Dutch Bros’ current financial-year sales and earnings suggests growth of 30.6% and 75%, respectively, from the year-ago period's reported figures.
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Stocks to Consider Here, we have highlighted three better-ranked stocks from the same space, namely Dutch Bros BROS, Inter Parfums IPAR and Ingredion Incorporated INGR, each carrying a Zacks Rank #2 (Buy) at present. The Zacks Consensus Estimate for Inter Parfums’ current financial-year sales indicates 20.9% growth from the year-ago reported figure. Click to get this free report Ingredion Incorporated (INGR) : Free Stock Analysis Report Inter Parfums, Inc. (IPAR) : Free Stock Analysis Report Coty (COTY) : Free Stock Analysis Report Dutch Bros Inc. (BROS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks to Consider Here, we have highlighted three better-ranked stocks from the same space, namely Dutch Bros BROS, Inter Parfums IPAR and Ingredion Incorporated INGR, each carrying a Zacks Rank #2 (Buy) at present. The Zacks Consensus Estimate for Dutch Bros’ current financial-year sales and earnings suggests growth of 30.6% and 75%, respectively, from the year-ago period's reported figures. Click to get this free report Ingredion Incorporated (INGR) : Free Stock Analysis Report Inter Parfums, Inc. (IPAR) : Free Stock Analysis Report Coty (COTY) : Free Stock Analysis Report Dutch Bros Inc. (BROS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Consequently, management raised its overall fiscal 2024 core LFL sales view from an increase of 8-10% to 9-11%. In the fiscal first quarter, its cost of sales grew 20% to $599.5 million year over year. INGR reported an earnings surprise of 23.9% in the last reported quarter.
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712890.0
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2023-12-12 00:00:00 UTC
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Brazil's Azul buys seven A330neo planes from Airbus to expand routes
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DCOMP
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https://www.nasdaq.com/articles/brazils-azul-buys-seven-a330neo-planes-from-airbus-to-expand-routes
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By Gabriel Araujo
BARUERI, Brazil, Dec 15 (Reuters) - Brazilian airline Azul AZUL4.SA said on Friday it has purchased seven A330neo wide-body aircraft from Airbus AIR.PA in order to "significantly expand" its international services, with deliveries scheduled to start in 2026.
Azul, which currently flies to Paris, Lisbon, Curacao, a number of Uruguayan cities and Fort Lauderdale and Orlando, Florida, said the additional fleet renewal effort would help it reduce operating costs, including by burning less fuel.
"We expect to have a large expansion in international flights with this purchase," Azul CEO John Rodgerson said at an event celebrating the 15-year anniversary of the airline's first flight. "The idea is to have more Brazilian cities connected to cities outside the country."
Azul did not detail how much it would pay for the new aircraft, but Rodgerson noted that the A330neo's list price currently stands at around $250 million.
He added that all of Azul's international routes were currently profitable and doing "pretty well."
The company will decide on financing for the newly ordered aircraft "at the right time," Azul Chief Financial Officer Alex Malfitani said.
The airline expects to receive 19 new aircraft next year as part of its fleet renewal efforts, many of which are E2 jets manufactured by Brazil's Embraer EMBR3.SA, Rodgerson added.
(Reporting by Gabriel Araujo; Editing by Paul Simao)
((Peter.Siqueira@thomsonreuters.com; +55 11 56447727;))
The views and 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 Gabriel Araujo BARUERI, Brazil, Dec 15 (Reuters) - Brazilian airline Azul AZUL4.SA said on Friday it has purchased seven A330neo wide-body aircraft from Airbus AIR.PA in order to "significantly expand" its international services, with deliveries scheduled to start in 2026. Azul, which currently flies to Paris, Lisbon, Curacao, a number of Uruguayan cities and Fort Lauderdale and Orlando, Florida, said the additional fleet renewal effort would help it reduce operating costs, including by burning less fuel. The airline expects to receive 19 new aircraft next year as part of its fleet renewal efforts, many of which are E2 jets manufactured by Brazil's Embraer EMBR3.SA, Rodgerson added.
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By Gabriel Araujo BARUERI, Brazil, Dec 15 (Reuters) - Brazilian airline Azul AZUL4.SA said on Friday it has purchased seven A330neo wide-body aircraft from Airbus AIR.PA in order to "significantly expand" its international services, with deliveries scheduled to start in 2026. Azul, which currently flies to Paris, Lisbon, Curacao, a number of Uruguayan cities and Fort Lauderdale and Orlando, Florida, said the additional fleet renewal effort would help it reduce operating costs, including by burning less fuel. The airline expects to receive 19 new aircraft next year as part of its fleet renewal efforts, many of which are E2 jets manufactured by Brazil's Embraer EMBR3.SA, Rodgerson added.
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By Gabriel Araujo BARUERI, Brazil, Dec 15 (Reuters) - Brazilian airline Azul AZUL4.SA said on Friday it has purchased seven A330neo wide-body aircraft from Airbus AIR.PA in order to "significantly expand" its international services, with deliveries scheduled to start in 2026. Azul, which currently flies to Paris, Lisbon, Curacao, a number of Uruguayan cities and Fort Lauderdale and Orlando, Florida, said the additional fleet renewal effort would help it reduce operating costs, including by burning less fuel. "We expect to have a large expansion in international flights with this purchase," Azul CEO John Rodgerson said at an event celebrating the 15-year anniversary of the airline's first flight.
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By Gabriel Araujo BARUERI, Brazil, Dec 15 (Reuters) - Brazilian airline Azul AZUL4.SA said on Friday it has purchased seven A330neo wide-body aircraft from Airbus AIR.PA in order to "significantly expand" its international services, with deliveries scheduled to start in 2026. Azul, which currently flies to Paris, Lisbon, Curacao, a number of Uruguayan cities and Fort Lauderdale and Orlando, Florida, said the additional fleet renewal effort would help it reduce operating costs, including by burning less fuel. "We expect to have a large expansion in international flights with this purchase," Azul CEO John Rodgerson said at an event celebrating the 15-year anniversary of the airline's first flight.
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712891.0
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2023-12-12 00:00:00 UTC
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NextCure (NXTC) Down on Shelving Plans to Develop Candidate
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https://www.nasdaq.com/articles/nextcure-nxtc-down-on-shelving-plans-to-develop-candidate
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Shares of NextCure, Inc. NXTC slumped 19.3% after it announced that it shunned plans further to develop NC762 due to the competitive environment and the limited activity to date.
The candidate was being evaluated for solid tumors in a phase Ib study.
The clinical-stage biopharmaceutical company is now focused on the development of LNCB74 (B7-H4 ADC), the first antibody-drug conjugate (“ADC”) candidate from its collaboration with LegoChem Biosciences, Inc.
NextCure is looking to invest its limited cash resources in the most promising programs. It is now shifting resources from NC762 to the ADC program. A dose range-finding toxicology study for LNCB74 is planned in early 2024 based on a comprehensive preclinical data package.
In November 2022, NextCure entered into a research collaboration and co-development agreement with LegoChem to develop up to three ADCs.
Per the terms of the agreement, both parties equally share the cost of developing the molecules and profits on commercialized products. The collaboration consists of up to three research programs for which a research plan will be developed.
The company also provided an update on its pipeline and announced that it is seeking strategic partners to accelerate the global development of programs.
Shares of the company have lost 17.1% year to date compared with the industry's decline of 16.2%.
Image Source: Zacks Investment Research
Investors were disappointed as the company only has early-stage programs in its pipeline and such setbacks result in loss of resources. Smaller biotechs like these often need to stop the development of candidates to prioritize cash usage.
The phase Ib combination trial of NC410 with Merck’s MRK anti-PD-1 therapy Keytruda is ongoing. Additional patients are being added to the 100 mg cohort of patients with microsatellite stable/microsatellite instable-low immune checkpoint inhibitor naïve colorectal cancer without active liver metastasis, given evidence of clinical activity to date. The combination has been found safe and well tolerated to date.
NC525 is a novel LAIR-1 antibody that selectively targets acute myeloid leukemia (“AML”). The phase Ia dose escalation study in subjects with AML remains ongoing, with the fourth cohort now enrolled.
Data from both studies are expected in the first half of 2024.
Cash, cash equivalents and marketable securities as of Sep 30, 2023, were $118.2 million. NextCure expects its existing cash, cash equivalents and marketable securities balance to fund operating expenses and capital expenditures into mid-2025.
Merck’s Keytruda is one of the leading immuno-oncology drugs approved for various oncology indications.
Zacks Rank and Other Stocks to Consider
NXTC currently has a Zacks Rank #2 (Buy).
A couple of other top-ranked stocks in the overall healthcare sector are Entrada Therapeutics TRDA and Dynavax Technologies DVAX. TRDA sports a Zacks Rank #1 (Strong Buy) and DVAX carries a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Entrada’s loss per share estimate for 2023 has narrowed from $2.07 to 9 cents in the past 60 days. The same for 2024 has narrowed from $2.35 to $2.04 during the same time frame.
Dynavax’s loss per share estimate for 2023 has narrowed from 23 cents to 12 cents in the past 30 days. Earnings estimate for 2024 rose from 3 cents to 18 cents during the same period. Shares of DVAX have risen 27.5% year to date.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dynavax Technologies Corporation (DVAX) : Free Stock Analysis Report
Merck & Co., Inc. (MRK) : Free Stock Analysis Report
NextCure, Inc. (NXTC) : Free Stock Analysis Report
Entrada Therapeutics, Inc. (TRDA) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of NextCure, Inc. NXTC slumped 19.3% after it announced that it shunned plans further to develop NC762 due to the competitive environment and the limited activity to date. Image Source: Zacks Investment Research Investors were disappointed as the company only has early-stage programs in its pipeline and such setbacks result in loss of resources. The phase Ia dose escalation study in subjects with AML remains ongoing, with the fourth cohort now enrolled.
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NextCure expects its existing cash, cash equivalents and marketable securities balance to fund operating expenses and capital expenditures into mid-2025. A couple of other top-ranked stocks in the overall healthcare sector are Entrada Therapeutics TRDA and Dynavax Technologies DVAX. Click to get this free report Dynavax Technologies Corporation (DVAX) : Free Stock Analysis Report Merck & Co., Inc. (MRK) : Free Stock Analysis Report NextCure, Inc. (NXTC) : Free Stock Analysis Report Entrada Therapeutics, Inc. (TRDA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The clinical-stage biopharmaceutical company is now focused on the development of LNCB74 (B7-H4 ADC), the first antibody-drug conjugate (“ADC”) candidate from its collaboration with LegoChem Biosciences, Inc. NextCure is looking to invest its limited cash resources in the most promising programs. Image Source: Zacks Investment Research Investors were disappointed as the company only has early-stage programs in its pipeline and such setbacks result in loss of resources. Click to get this free report Dynavax Technologies Corporation (DVAX) : Free Stock Analysis Report Merck & Co., Inc. (MRK) : Free Stock Analysis Report NextCure, Inc. (NXTC) : Free Stock Analysis Report Entrada Therapeutics, Inc. (TRDA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The collaboration consists of up to three research programs for which a research plan will be developed. The phase Ib combination trial of NC410 with Merck’s MRK anti-PD-1 therapy Keytruda is ongoing. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research?
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da50ec51-95a0-4dde-8278-92ce1da1f50b
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2023-12-12 00:00:00 UTC
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Tesla (TSLA) Recalls 2M Vehicles to Fix Autopilot Features
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https://www.nasdaq.com/articles/tesla-tsla-recalls-2m-vehicles-to-fix-autopilot-features
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Tesla TSLA is recalling more than 2 million vehicles after the U.S. safety regulator cited safety concerns.
Per the US safety regulator, the autopilot features are either too confusing for the drivers or too easy to misuse.
Per the National Highway Traffic Safety Administration (“NHTSA”) filings, the automaker did not agree with the agency’s analysis but has agreed to issue a recall and release an over-the-air update. The agency found that under some circumstances, the Autosteer feature may increase the risk of a collision.
Per the filings, the Autosteer feature provides steering, braking and acceleration support to drivers in certain conditions. However, the drivers are supposed to remain attentive and keep their hands on the steering wheel while using the feature.
The Autopilot system uses several controls to find out if the drivers are attentive or not. Per the report, NHTSA found that the controls may not be sufficient to prevent drivers from exploiting the feature.
Tesla will recall a total of 2,031,220 of its Model S, Model X, Model 3 and Model Y. The automaker has started rolling out a software update, which will be free for Tesla’s customers.
NHTSA began an investigation into 11 incidents that involved Tesla cars with Autosteer and Autopilot in 2021, leading to the recent recall.
Per Part 573 Recall report, the company is planning to launch additional controls and alerts to persuade the driver to adhere to their continuous driving responsibility even when the Autosteer feature is active.
The new update will increase the prominence of visual alerts, simplify engagement and disengagement of Autosteer and require additional check-ins while using Autosteer to ensure that the driver is concentrating.
Zacks Rank & Stocks to Consider
TSLA currently carries a Zacks Rank #4 (Sell).
Some better-ranked players in the auto space are Volvo VLVLY, Renault SA RNLSY and BYD Company Limited BYDDY, each sporting Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for VLVLY’s 2023 sales and earnings indicates year-over-year growth of 4.2% and 70.6%, respectively. The EPS estimates for 2023 and 2024 have increased 8 cents and 7 cents, respectively, in the past seven days.
The Zacks Consensus Estimate for RNLSY’s 2023 sales and earnings indicates year-over-year growth of 4.5% and 128.1%, respectively. The EPS estimate for 2024 has increased 2 cents in the past 60 days.
The Zacks Consensus Estimate for BYDDY’s 2023 sales indicates year-over-year growth of 160.2%. The EPS estimates for 2023 and 2024 have increased 59 cents and 55 cents, respectively, in the past 60 days.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Tesla, Inc. (TSLA) : Free Stock Analysis Report
AB Volvo (VLVLY) : Free Stock Analysis Report
RENAULT (RNLSY) : Free Stock Analysis Report
Byd Co., Ltd. (BYDDY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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NHTSA began an investigation into 11 incidents that involved Tesla cars with Autosteer and Autopilot in 2021, leading to the recent recall. Per Part 573 Recall report, the company is planning to launch additional controls and alerts to persuade the driver to adhere to their continuous driving responsibility even when the Autosteer feature is active. Some better-ranked players in the auto space are Volvo VLVLY, Renault SA RNLSY and BYD Company Limited BYDDY, each sporting Zacks Rank #1 (Strong Buy) at present.
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Some better-ranked players in the auto space are Volvo VLVLY, Renault SA RNLSY and BYD Company Limited BYDDY, each sporting Zacks Rank #1 (Strong Buy) at present. The Zacks Consensus Estimate for VLVLY’s 2023 sales and earnings indicates year-over-year growth of 4.2% and 70.6%, respectively. Click to get this free report Tesla, Inc. (TSLA) : Free Stock Analysis Report AB Volvo (VLVLY) : Free Stock Analysis Report RENAULT (RNLSY) : Free Stock Analysis Report Byd Co., Ltd. (BYDDY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Per Part 573 Recall report, the company is planning to launch additional controls and alerts to persuade the driver to adhere to their continuous driving responsibility even when the Autosteer feature is active. Zacks Rank & Stocks to Consider TSLA currently carries a Zacks Rank #4 (Sell). Click to get this free report Tesla, Inc. (TSLA) : Free Stock Analysis Report AB Volvo (VLVLY) : Free Stock Analysis Report RENAULT (RNLSY) : Free Stock Analysis Report Byd Co., Ltd. (BYDDY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Autopilot system uses several controls to find out if the drivers are attentive or not. Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Tesla, Inc. (TSLA) : Free Stock Analysis Report AB Volvo (VLVLY) : Free Stock Analysis Report RENAULT (RNLSY) : Free Stock Analysis Report Byd Co., Ltd. (BYDDY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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2023-12-12 00:00:00 UTC
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Dell Technologies (DELL) XE9860 Servers to be Used by CoreWeave
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https://www.nasdaq.com/articles/dell-technologies-dell-xe9860-servers-to-be-used-by-coreweave
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Dell Technologies DELL recently announced that CoreWeave has purchased thousands of its PowerEdge servers. This will offer enterprises served by CorwWeave with the computing capacity they require to utilize artificial intelligence (AI) and generative AI, further strengthening their cloud platform.
CoreWeave will boost its cloud solutions with Dell PowerEdge XE9860 servers equipped with NVIDIA NVDA H100 Tensor Core GPUs, which are designed for AI, machine learning, VFX illustration and large-scale calculations.
The collaboration will allow CoreWeave to provide high-performance next-generation cloud computing even during the peak season and access thousands of accelerated Dell servers in seconds to speed up compute-intensive workloads.
CoreWeave will also utilize Dell ProSupport services to maximize the uptime of its new systems, while professional Dell managers will assist in maintaining the environment.
Dell Technologies Inc. Price and Consensus
Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote
Dell’s Strong Portfolio Aids Growth
Dell’s shares have surged 80.1% year to date, outperforming the Zacks Computer and Technology Sector’s rise of 49.1%. The company is benefiting from an expanding clientele and strong partner base.
The company’s strong portfolio is helping it win market share in the AI domain.
Dell recently launched upgraded PowerScale systems that comprise improved storage solutions for higher AI and Generative AI outcomes to help users access data quickly.
It partnered with NVIDIA to upgrade NVIDIA DGX SuperPOD, which includes the NVIDIA AI Enterprise software platform, with new enterprise data storage improvements and validations.
With Dell's improved storage, NVIDIA users can accelerate their AI and Generative AI activities.
Dell's current offering, Dell Validated Design for Generative AI with NVIDIA for Model Customization, provides pre-trained models that extract insights from data, saving enterprises from having to build models from scratch.
Its expanding relationship with Microsoft MSFT is noteworthy. Dell recently launched Microsoft 365 Copilot, which will assist users in implementing scalable next-generation AI capabilities. Dell APEX File Storage recently expanded its portfolio to include Microsoft Azure.
Dell also inked an agreement with Imbue to build a new performance computing cluster to train AI agents from various domains with foundation models.
However, a tough macroeconomic environment is expected to hurt Dell’s prospects in the near term.
For the fourth quarter of 2024, Dell expects revenues between $21.5 billion and $22.5 billion. The Zacks Consensus Estimate for Dell’s revenues is pegged at $22.13 billion, indicating a decline of 11.61% year over year. The consensus estimate has risen 1.8% over the past 30 days.
The consensus mark for fourth-quarter 2024 earnings is pegged at $1.74 per share, indicating a decline of 3.3% year over year.
The Zacks Consensus Estimates for fiscal 2024 revenues is pegged at $88.24 billion, indicating a fall of 13.75% from fiscal 2023 levels.
For fiscal 2024, Dell’s earnings are expected to be in the band of $6.53-$6.73 per share. The consensus estimate for fiscal 2024 earnings is pegged at $6.60 per share, up 6.33% over the past 30 days and indicating a decline of 13.27% year over year.
Zacks Rank & Stock to Consider
Dell currently has a Zacks Rank #3 (Hold).
A better-ranked stock in the broader technology sector is Flex FLEX, which sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Flex shares have gained 33.6% in the year-to-date period. Flex’s long-term earnings growth rate is currently projected at 12.4%.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
Flex Ltd. (FLEX) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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CoreWeave will boost its cloud solutions with Dell PowerEdge XE9860 servers equipped with NVIDIA NVDA H100 Tensor Core GPUs, which are designed for AI, machine learning, VFX illustration and large-scale calculations. The collaboration will allow CoreWeave to provide high-performance next-generation cloud computing even during the peak season and access thousands of accelerated Dell servers in seconds to speed up compute-intensive workloads. Dell also inked an agreement with Imbue to build a new performance computing cluster to train AI agents from various domains with foundation models.
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Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell’s Strong Portfolio Aids Growth Dell’s shares have surged 80.1% year to date, outperforming the Zacks Computer and Technology Sector’s rise of 49.1%. Dell recently launched upgraded PowerScale systems that comprise improved storage solutions for higher AI and Generative AI outcomes to help users access data quickly. Click to get this free report Microsoft Corporation (MSFT) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Flex Ltd. (FLEX) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Dell Technologies Inc. Price and Consensus Dell Technologies Inc. price-consensus-chart | Dell Technologies Inc. Quote Dell’s Strong Portfolio Aids Growth Dell’s shares have surged 80.1% year to date, outperforming the Zacks Computer and Technology Sector’s rise of 49.1%. The Zacks Consensus Estimate for Dell’s revenues is pegged at $22.13 billion, indicating a decline of 11.61% year over year. Click to get this free report Microsoft Corporation (MSFT) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Flex Ltd. (FLEX) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Consensus Estimate for Dell’s revenues is pegged at $22.13 billion, indicating a decline of 11.61% year over year. The consensus estimate for fiscal 2024 earnings is pegged at $6.60 per share, up 6.33% over the past 30 days and indicating a decline of 13.27% year over year. A better-ranked stock in the broader technology sector is Flex FLEX, which sports a Zacks Rank #1 (Strong Buy).
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712894.0
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2023-12-12 00:00:00 UTC
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Got $1,000? Buy These Hot Growth Stocks Before They Take Off
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https://www.nasdaq.com/articles/got-%241000-buy-these-hot-growth-stocks-before-they-take-off-9
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Part of investing in the stock market is taking on a certain amount of risk. There are incredible stocks that are low-risk, like Coca-Cola or Kimberly Clark, both of which are Dividend Kings. But both of those stocks have also underperformed the market long term.
If you're interested in market-beating gains, you might have to up your risk tolerance, but that doesn't mean taking on excessive risk with unproven or dubious stocks. It means finding companies with strong fundamentals, great management, and large growth opportunities.
If you do your homework, you can find many stocks like this, and they can supercharge your portfolio. Most investors should have a diversified portfolio that features some low-risk, dividend-paying stocks as well as high-growth ones. Even if you end up losing money on some of your picks, it can take just one big winner to offset those losses many times over.
If you have $1,000 to invest after paying off debts and setting up an emergency fund, On Holding (NYSE: ONON) and Toast (NYSE: TOST) are top growth stocks to buy now.
1. A competitive player taking on activewear leaders
Athleisure has become more than a passing fad. Despite the return to the office for many people, athleisure and activewear continue to grow as a portion of the overall apparel market. Athleisure is expected to see a compound annual growth rate (CAGR) of 24% through 2028, according to Market Research Guru. Compare that with an expected CAGR of 7% for the overall sportswear market, according to Fortune Business Insights. Meanwhile, activewear titan Nike has taken the top spot in Piper Sandler's annual Taking Stock With Teens survey in both apparel and footwear, and Lululemon Athletica took the second spot in apparel this year.
Many small, premium brands have moved in to fill this niche, including On Holding, which is dedicated to performance technology and comfort. The company is best known for its CloudTec running shoes, which have become a sensation in premium athletic footwear. It has crushed its competition in terms of both top and bottom-line growth over the past three years.
Data by YCharts.
And it's really just beginning to scratch the surface of this opportunity with only $1.9 billion in trailing-12-month revenue, or about a third the size of its closest large competitor.
On stock is up over 75% this year, and if you buy now, you could be unlocking a massive opportunity.
2. Bringing results for restaurants
The second hot growth stock, Toast, markets software-as-a-service (SaaS) plans for restaurants. Its software automates almost anything you need to run a restaurant, from menu creation to payment processing and everything in between. This makes operations, ordering, delivery, and accounting go faster and smoother, leading to increased customer satisfaction and cost savings. It's a complete solution targeting a specific industry, which gives it an edge against small business solutions that are geared toward a general market. It says its biggest competitor is Block's Square seller's business.
Toast sees a $15 billion serviceable addressable market with a global $110 billion market opportunity, and it has $1.2 billion in trailing-12-month earnings. It's growing at a fast clip with subscription revenue outpacing total revenue. That's a "sticky" source of revenue since subscribers provide reliable monthly income. However, fintech revenue is much larger since Toast collects fees from payment processing.
METRIC (YOY GROWTH) Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023
Total revenue 55% 50% 53% 45% 37%
Subscription revenue 96% 76% 80% 59% 46%
Fintech gross profit 74% 71% 65% 55% 36%
Data source: Toast quarterly reports. YOY = year over year.
Toast is reporting growth from both new users and higher adoption of products per user. Client locations increased 34% year over year to 99,000 in the most recent quarter, and the number of locations using six or more products increased from 39% to 43%.
The company is still reporting net losses, but they improved from $98 million to $31 million in the third quarter. It briefly posted net profits at the end of 2021 before severe inflation hit, demonstrating that it can be profitable. Toast stock trades at a price-to-sales ratio of 2.5, an attractive valuation considering Toast's high growth rates. Now is a great time to buy the stock.
Should you invest $1,000 in On Holding right now?
Before you buy stock in On Holding, 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 On Holding 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 the S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 11, 2023
Jennifer Saibil has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Block, Lululemon Athletica, Nike, Skechers U.s.a., and Under Armour. The Motley Fool recommends Toast and recommends the following options: long January 2024 $47.50 calls on Coca-Cola and long January 2025 $47.50 calls on Nike. 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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Athleisure is expected to see a compound annual growth rate (CAGR) of 24% through 2028, according to Market Research Guru. Many small, premium brands have moved in to fill this niche, including On Holding, which is dedicated to performance technology and comfort. This makes operations, ordering, delivery, and accounting go faster and smoother, leading to increased customer satisfaction and cost savings.
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Total revenue 55% 50% 53% 45% 37% Subscription revenue 96% 76% 80% 59% 46% Fintech gross profit 74% 71% 65% 55% 36% Data source: Toast quarterly reports. The Motley Fool has positions in and recommends Block, Lululemon Athletica, Nike, Skechers U.s.a., and Under Armour. The Motley Fool recommends Toast and recommends the following options: long January 2024 $47.50 calls on Coca-Cola and long January 2025 $47.50 calls on Nike.
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Before you buy stock in On Holding, 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 On Holding 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 Jennifer Saibil has no position in any of the stocks mentioned.
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Total revenue 55% 50% 53% 45% 37% Subscription revenue 96% 76% 80% 59% 46% Fintech gross profit 74% 71% 65% 55% 36% Data source: Toast quarterly reports. Now is a great time to buy the stock. Before you buy stock in On Holding, 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 On Holding wasn't one of them.
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36bb485b-389e-4172-9316-5e6c8ee8ef63
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712895.0
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2023-12-12 00:00:00 UTC
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Why Is Tetra (TTEK) Up 1.6% Since Last Earnings Report?
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DCOMP
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https://www.nasdaq.com/articles/why-is-tetra-ttek-up-1.6-since-last-earnings-report
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nan
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nan
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A month has gone by since the last earnings report for Tetra Tech (TTEK). Shares have added about 1.6% in that time frame, underperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Tetra due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.
Tetra Tech Beats on Q4 Earnings and Sales Estimates
Tetra Tech reported fourth-quarter fiscal 2023 (ended Oct 1, 2023) adjusted earnings of $1.78 per share, which surpassed the Zacks Consensus Estimate of earnings of $1.45 per share. The bottom line surged 41.3% year over year driven by strong momentum in all segments.
The bottom line also surpassed management’s projection of earnings of $1.43-$1.48 per share.
Revenue & Segmental Performance
In the fiscal fourth quarter, Tetra Tech generated adjusted revenues of $1,260.6 million, reflecting a year-over-year increase of 39.7%. Adjusted net revenues (adjusted revenues minus subcontractor costs) were $1,057.4 million, up 43.6% year over year. The quarterly top line came above management’s guidance of $965-$1,015 million.
Tetra Tech’s revenues exceeded the Zacks Consensus Estimate of $981 million.
The backlog at the end of the fiscal quarter was $4,790.4 million, up 28% year over year.
Revenues from U.S. Federal customers (accounting for 29% of the quarter’s revenues) were up 46% year over year, supported by federal IT growth. U.S. Commercial sales (19% of the quarter’s revenues) increased 13% year over year on higher clean Energy and Environmental services sales.
U.S. State and Local sales (12% of the quarter’s revenues) increased 15%, due to strength in digital water and resilience planning. International sales (40% of the quarter’s revenues) increased 78% year over year, backed by higher infrastructure sales.
Tetra Tech reports revenues under the segments discussed below:
Net sales of the Government Services Group segment were $457 million, up 36% year over year. Revenues from the Commercial/International Services Group segment totaled $601 million, representing a year-over-year increase of 50%.
Margin Profile
In the fiscal fourth quarter, Tetra Tech’s subcontractor costs totaled $203.2 million, reflecting an increase of 22.1% from the year-ago quarter. Other costs of revenues (adjusted) were $845.3 million, up 45.7% from the fiscal fourth quarter of 2022. Selling, general and administrative expenses were $77.2 million, up 26.9% from the year-ago fiscal quarter.
Operating income (adjusted) in the reported fiscal quarter increased 43.8% year over year to $134.9 million while the adjusted margin increased 10 basis points to 12.8%.
Balance Sheet and Cash Flow
While exiting fourth-quarter fiscal 2023, Tetra Tech had cash and cash equivalents of $168.8 million compared with $185.1 million recorded at the end of the fourth quarter of fiscal 2022. Long-term debt was $879.5 million compared with $246.3 million recorded at the end of fourth-quarter fiscal 2022.
In fiscal 2023, Tetra Tech generated net cash of $368.5 million from operating activities compared with $336.2 million in the prior fiscal year’s comparable period. Capital expenditure was $26.9 million, up 154.2% year over year. In the said fiscal period, TTEK’s proceeds from borrowings amounted to $994.9 million while repayments on long-term debt totaled $161.5 million.
Shareholder-Friendly Policies
Tetra Tech distributed dividends totaling $52.1 million in fiscal 2023. This compares favorably with the dividends of $46.1 million distributed in the year-ago fiscal period.
Fiscal 2024 Outlook
For fiscal 2024 (ending September 2024), Tetra Tech anticipates net revenues to be $4.05-$4.25 billion. Adjusted earnings are predicted to be $5.70-$6.00 per share.
For the first quarter of fiscal 2024 (ending December 2024), management estimates net revenues to be $950-$1000 million. Adjusted earnings are projected to be $1.30-$1.38 per share for the fiscal quarter.
How Have Estimates Been Moving Since Then?
In the past month, investors have witnessed a downward trend in fresh estimates.
VGM Scores
At this time, Tetra has a strong Growth Score of A, though it is lagging a lot on the Momentum Score front with an F. However, the stock was allocated a grade of C on the value side, putting it in the middle 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of this revision indicates a downward shift. Notably, Tetra has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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Tetra Tech, Inc. (TTEK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. U.S. State and Local sales (12% of the quarter’s revenues) increased 15%, due to strength in digital water and resilience planning. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Tetra Tech Beats on Q4 Earnings and Sales Estimates Tetra Tech reported fourth-quarter fiscal 2023 (ended Oct 1, 2023) adjusted earnings of $1.78 per share, which surpassed the Zacks Consensus Estimate of earnings of $1.45 per share. Revenue & Segmental Performance In the fiscal fourth quarter, Tetra Tech generated adjusted revenues of $1,260.6 million, reflecting a year-over-year increase of 39.7%. Margin Profile In the fiscal fourth quarter, Tetra Tech’s subcontractor costs totaled $203.2 million, reflecting an increase of 22.1% from the year-ago quarter.
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Tetra Tech Beats on Q4 Earnings and Sales Estimates Tetra Tech reported fourth-quarter fiscal 2023 (ended Oct 1, 2023) adjusted earnings of $1.78 per share, which surpassed the Zacks Consensus Estimate of earnings of $1.45 per share. Balance Sheet and Cash Flow While exiting fourth-quarter fiscal 2023, Tetra Tech had cash and cash equivalents of $168.8 million compared with $185.1 million recorded at the end of the fourth quarter of fiscal 2022. In fiscal 2023, Tetra Tech generated net cash of $368.5 million from operating activities compared with $336.2 million in the prior fiscal year’s comparable period.
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A month has gone by since the last earnings report for Tetra Tech (TTEK). Tetra Tech Beats on Q4 Earnings and Sales Estimates Tetra Tech reported fourth-quarter fiscal 2023 (ended Oct 1, 2023) adjusted earnings of $1.78 per share, which surpassed the Zacks Consensus Estimate of earnings of $1.45 per share. The backlog at the end of the fiscal quarter was $4,790.4 million, up 28% year over year.
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e0ab6833-3a1c-4364-9df5-19f24a18b25b
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712896.0
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2023-12-12 00:00:00 UTC
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Nasdaq 100 Movers: EXC, JD
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DCOMP
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https://www.nasdaq.com/articles/nasdaq-100-movers%3A-exc-jd
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In early trading on Friday, shares of JD.com, topped the list of the day's best performing components of the Nasdaq 100 index, trading up 4.4%. Year to date, JD.com has lost about 51.2% of its value.
And the worst performing Nasdaq 100 component thus far on the day is Exelon, trading down 5.0%. Exelon is lower by about 16.7% looking at the year to date performance.
Two other components making moves today are Lucid Group, trading down 3.7%, and Costco Wholesale, trading up 3.8% on the day.
VIDEO: Nasdaq 100 Movers: EXC, JD
The views and 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 the worst performing Nasdaq 100 component thus far on the day is Exelon, trading down 5.0%. Exelon is lower by about 16.7% looking at the year to date performance. VIDEO: Nasdaq 100 Movers: EXC, JD The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In early trading on Friday, shares of JD.com, topped the list of the day's best performing components of the Nasdaq 100 index, trading up 4.4%. And the worst performing Nasdaq 100 component thus far on the day is Exelon, trading down 5.0%. Exelon is lower by about 16.7% looking at the year to date performance.
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In early trading on Friday, shares of JD.com, topped the list of the day's best performing components of the Nasdaq 100 index, trading up 4.4%. And the worst performing Nasdaq 100 component thus far on the day is Exelon, trading down 5.0%. Two other components making moves today are Lucid Group, trading down 3.7%, and Costco Wholesale, trading up 3.8% on the day.
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And the worst performing Nasdaq 100 component thus far on the day is Exelon, trading down 5.0%. Exelon is lower by about 16.7% looking at the year to date performance. VIDEO: Nasdaq 100 Movers: EXC, JD The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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a1664089-abe3-4db3-a44b-234665d48fc0
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712897.0
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2023-12-12 00:00:00 UTC
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Validea's Top Consumer Staples Stocks Based On Benjamin Graham - 12/15/2023
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DCOMP
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https://www.nasdaq.com/articles/valideas-top-consumer-staples-stocks-based-on-benjamin-graham-12-15-2023
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The following are the top rated Consumer Staples 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.
BUNGE GLOBAL SA (BG) is a large-cap value stock in the Chemical Manufacturing 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: Bunge Global SA is a Switzerland-based Company which operates in agricultural and food industry. The Company is a holding company of the Bunge Group, whose main purpose is to deliver various food and fuel products worldwide. Bunge is primarily engaged in the processing, transportation, and sale of agricultural products as well as the processing, storage and sale of grains, oilseeds and proteins. Bunge manufactures and sales specialty edible oil products, such as packaged and bulk oils and fats derived from the vegetable oil refining processes. The Company focuses also on developing tailored made solutions for dietary needs and dispositions in every part of the world. Bunge sells their products to customers on a global scale.
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 BUNGE GLOBAL SA
BG Guru Analysis
BG Fundamental Analysis
KONINKLIJKE AHOLD DELHAIZE NV (ADR) (ADRNY) is a large-cap value stock in the Retail (Grocery) 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: Koninklijke Ahold Delhaize N.V., formerly Koninklijke Ahold N.V., is engaged in the operation of retail stores in Europe and the United States. The Company's segments are Ahold USA, Delhaize America, The Netherlands, Belgium, and Central and Southeastern Europe (CSE). In addition, Other retail, consists of Ahold Delhaize's unconsolidated joint ventures JMR - Gestao de Empresas de Retalho, SGPS, S.A. (JMR) and P.T. Lion Super Indo, LLC (Super Indo), and Ahold Delhaize's Global Support Office. JMR operates food retail stores in Portugal under the brand name Pingo Doce. The Company's Ahold USA segment includes Stop & Shop New England, Stop & Shop New York Metro, Giant Landover, Giant Carlisle and Peapod. The Company's Delhaize America segment includes brands, such as Food Lion and Hannaford. The Food Lion brand's market areas include Delaware, Georgia, Maryland, Pennsylvania, Tennessee, West Virginia, Kentucky, North Carolina, South Carolina and Virginia.
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: FAIL
LONG-TERM EPS GROWTH: PASS
P/E RATIO: PASS
PRICE/BOOK RATIO: PASS
Detailed Analysis of KONINKLIJKE AHOLD DELHAIZE NV (ADR)
ADRNY Guru Analysis
ADRNY Fundamental Analysis
MONSTER BEVERAGE CORP (MNST) is a large-cap growth stock in the Beverages (Non-Alcoholic) 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: Monster Beverage 1990 Corporation is a holding company. Through its subsidiaries, it develops, markets, sells and distributes energy drink beverages and concentrates on energy drink beverages under various brand names. The Company's segments include Monster Energy Drinks, which is comprised of its Monster Energy drinks, Reign Total Body Fuel high performance energy drinks, Monster Tour Water and True North Pure Energy Seltzers; Strategic Brands segment, which is comprised of the various energy drink brands; Alcohol Brands segment, which is comprised of the various craft beers and hard seltzers, as well as The Beast Unleashed FMBs, and Other segment, which is comprised of certain products sold by American Fruits and Flavors LLC, a wholly owned subsidiary of the Company, to independent third-party customers. Its brands include Monster Energy Ultra, Java Monster, Juice Monster, Monster Hydro Super Sport, Monster Dragon Tea, Reign Total Body Fuel, True North, Mother, and Predator.
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 MONSTER BEVERAGE CORP
MNST Guru Analysis
MNST Fundamental Analysis
UNIVERSAL CORP (UVV) is a small-cap value stock in the Tobacco 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: Universal Corporation is a global leaf tobacco supplier. The Company is a business-to-business Agri-products supplier to consumer product manufacturers, operating in over 30 countries. Through its plant-based ingredients platform, it provides a variety of value-added manufacturing processes to produce specialty vegetable- and fruit-based ingredients as well as botanical extracts and flavorings for human and pet food end markets. It operates through two segments: Tobacco Operations and Ingredients Operations. The Tobacco Operations segment activities involve contracting, procuring, processing, packing, storing, and shipping leaf tobacco for sale to, or for the account of, manufacturers of consumer tobacco products. It also provides physical and chemical product testing and smoke testing for tobacco customers. The Ingredients Operations segment provides its customers with a broad variety of plant-based ingredients for both human and pet consumption.
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: FAIL
PRICE/BOOK RATIO: PASS
Detailed Analysis of UNIVERSAL CORP
UVV Guru Analysis
UVV Fundamental Analysis
CENTRAL GARDEN & PET CO (CENT) is a mid-cap growth stock in the Food Processing 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: Central Garden & Pet Company is engaged in the garden and pet industries in the United States. Its segments include Pet and Garden. Its Pet segment includes dog and cat supplies such as dog treats and chews, toys, pet beds and grooming products, waste management and training pads, pet containment; supplies for aquatics, small animals, reptiles and pet birds, including toys, cages and habitats, bedding, food and supplements; products for equine and livestock, animal and household health and insect control products; live fish and small animals as well as outdoor cushions. These products are sold under brands such as Aqueon, Cadet, Comfort Zone, Farnam, Four Paws K&H Pet Products (K&H), Kaytee, Nylabone and Zilla. Its Garden segment includes lawn and garden consumables such as grass seed, vegetable, flower and herb packet seed; wild bird feed, bird houses and other birding accessories; weed, grass, and other herbicides, insecticide and pesticide products; fertilizers and live plants.
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 CENTRAL GARDEN & PET CO
CENT Guru Analysis
CENT 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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The following are the top rated Consumer Staples stocks according to Validea's Value Investor model based on the published strategy of Benjamin Graham. Graham built his fortune and reputation after living through some extremely difficult times, including both the Great Depression and his own family's financial woes following his father's death when Benjamin was a young man. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig.
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Detailed Analysis of KONINKLIJKE AHOLD DELHAIZE NV (ADR) ADRNY Guru Analysis ADRNY Fundamental Analysis MONSTER BEVERAGE CORP (MNST) is a large-cap growth stock in the Beverages (Non-Alcoholic) industry. The Company's segments include Monster Energy Drinks, which is comprised of its Monster Energy drinks, Reign Total Body Fuel high performance energy drinks, Monster Tour Water and True North Pure Energy Seltzers; Strategic Brands segment, which is comprised of the various energy drink brands; Alcohol Brands segment, which is comprised of the various craft beers and hard seltzers, as well as The Beast Unleashed FMBs, and Other segment, which is comprised of certain products sold by American Fruits and Flavors LLC, a wholly owned subsidiary of the Company, to independent third-party customers. Detailed Analysis of CENTRAL GARDEN & PET CO CENT Guru Analysis CENT 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 segments include Monster Energy Drinks, which is comprised of its Monster Energy drinks, Reign Total Body Fuel high performance energy drinks, Monster Tour Water and True North Pure Energy Seltzers; Strategic Brands segment, which is comprised of the various energy drink brands; Alcohol Brands segment, which is comprised of the various craft beers and hard seltzers, as well as The Beast Unleashed FMBs, and Other segment, which is comprised of certain products sold by American Fruits and Flavors LLC, a wholly owned subsidiary of the Company, to independent third-party customers. Its Pet segment includes dog and cat supplies such as dog treats and chews, toys, pet beds and grooming products, waste management and training pads, pet containment; supplies for aquatics, small animals, reptiles and pet birds, including toys, cages and habitats, bedding, food and supplements; products for equine and livestock, animal and household health and insect control products; live fish and small animals as well as outdoor cushions. Detailed Analysis of CENTRAL GARDEN & PET CO CENT Guru Analysis CENT Fundamental Analysis Benjamin Graham Portfolio Top Benjamin Graham Stocks About Benjamin Graham: The late Benjamin Graham may be the oldest of the gurus we follow, but his impact on the investing world has lasted for decades after his death in 1976.
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Company Description: Bunge Global SA is a Switzerland-based Company which operates in agricultural and food industry. The Company's Delhaize America segment includes brands, such as Food Lion and Hannaford. Detailed Analysis of CENTRAL GARDEN & PET CO CENT Guru Analysis CENT 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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a39f069b-59d0-4103-becb-2d9d6561ba1a
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712898.0
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2023-12-12 00:00:00 UTC
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Validea's Top Consumer Staples Stocks Based On Peter Lynch - 12/15/2023
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DCOMP
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https://www.nasdaq.com/articles/valideas-top-consumer-staples-stocks-based-on-peter-lynch-12-15-2023
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nan
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The following are the top rated Consumer Staples 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.
ARCHER-DANIELS-MIDLAND CO (ADM) is a large-cap value stock in the Food Processing 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: Archer-Daniels-Midland Company is a human and animal nutrition company. The Company is an agricultural supply chain manager and processor. It operates through three business segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition. The Ag Services and Oilseeds segment includes global activities related to the origination, merchandising, transportation, and storage of agricultural raw materials, and the crushing and further processing of oilseeds such as soybeans and soft seeds into vegetable oils and protein meals. The Carbohydrate Solutions segment is engaged in corn and wheat wet and dry milling and other activities. The Nutrition segment is engaged in the manufacturing, sale, and distribution of a range of ingredients and solutions, including plant-based proteins, natural flavors, flavor systems, natural colors, emulsifiers, soluble fiber, polyols, hydrocolloids, probiotics, prebiotics, enzymes, botanical extracts, and other specialty food and feed ingredients.
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 ARCHER-DANIELS-MIDLAND CO
ADM Guru Analysis
ADM Fundamental Analysis
ENERGIZER HOLDINGS INC (ENR) is a mid-cap growth stock in the Electronic Instr. & Controls industry. The rating according to our strategy based on Peter Lynch is 74% 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: Energizer Holdings, Inc., through its subsidiaries, is a globally diversified household products provider, which includes batteries, auto care and portable lights. The Company is a manufacturer, marketer and distributor of household and specialty batteries, automotive appearance, performance, refrigerant and freshener products, and portable lights. The Company offers household batteries, including primary, rechargeable, specialty and hearing aid using many technologies, including lithium, alkaline, carbon zinc, nickel metal hydride, zinc air and silver oxide. These products are sold globally under the Energizer, Eveready and Rayovac brands, including hearing aid batteries, and the Varta brand in Latin America and Asia Pacific. Its appearance and fragrance product categories include protectants, wipes, tire and wheel care products, and air fresheners. Its performance product categories include STP-branded fuel and oil additives, functional fluids and other performance chemical products.
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: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of ENERGIZER HOLDINGS INC
ENR Guru Analysis
ENR Fundamental Analysis
DOLE PLC (DOLE) is a small-cap value stock in the Food Processing industry. The rating according to our strategy based on Peter Lynch is 72% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Dole PLC is engaged in the sourcing, processing, distributing and marketing of fresh fruit and vegetables. The Company's segments include Fresh Fruit, Diversified Fresh Produce-EMEA and Diversified Fresh Produce-Americas & ROW. The Fresh Fruit segment sells bananas and pineapples, which are sourced from local growers or Company-owned and leased farms, predominately located in Latin America, and sold throughout North America, Europe, Latin America and Asia. The Diversified Fresh Produce-EMEA segment sells a variety of imported and local fresh fruits and vegetables through retail, wholesale and, in some instances, food service channels across the European marketplace. The Diversified Fresh Produce-Americas & ROW segment includes its United States, Canadian, Chilean, Peruvian, Argentinian and Indian businesses, all of which market globally and locally sourced fresh produce from third-party growers or Company-owned farms through retail, wholesale and food service channels globally.
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.
INVENTORY TO SALES: PASS
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: PASS
TOTAL DEBT/EQUITY RATIO: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of DOLE PLC
DOLE Guru Analysis
DOLE 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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Company Description: Energizer Holdings, Inc., through its subsidiaries, is a globally diversified household products provider, which includes batteries, auto care and portable lights. The Company is a manufacturer, marketer and distributor of household and specialty batteries, automotive appearance, performance, refrigerant and freshener products, and portable lights. 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 ENERGIZER HOLDINGS INC ENR Guru Analysis ENR Fundamental Analysis DOLE PLC (DOLE) is a small-cap value stock in the Food Processing industry. The Company's segments include Fresh Fruit, Diversified Fresh Produce-EMEA and Diversified Fresh Produce-Americas & ROW. Detailed Analysis of DOLE PLC DOLE Guru Analysis DOLE 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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Detailed Analysis of ENERGIZER HOLDINGS INC ENR Guru Analysis ENR Fundamental Analysis DOLE PLC (DOLE) is a small-cap value stock in the Food Processing industry. The Diversified Fresh Produce-Americas & ROW segment includes its United States, Canadian, Chilean, Peruvian, Argentinian and Indian businesses, all of which market globally and locally sourced fresh produce from third-party growers or Company-owned farms through retail, wholesale and food service channels globally. Detailed Analysis of DOLE PLC DOLE Guru Analysis DOLE 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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It operates through three business segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition. Company Description: Energizer Holdings, Inc., through its subsidiaries, is a globally diversified household products provider, which includes batteries, auto care and portable lights. 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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0ede2422-e4e1-4a49-96af-f7cf9fa24eae
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2023-12-12 00:00:00 UTC
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Best Momentum Stocks to Buy for December 15th
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DCOMP
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https://www.nasdaq.com/articles/best-momentum-stocks-to-buy-for-december-15th-0
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Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, December 15th:
Deckers Outdoor Corporation DECK: This footwear, apparel, and accessories company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.8% over the last 60 days.
Deckers Outdoor Corporation Price and Consensus
Deckers Outdoor Corporation price-consensus-chart | Deckers Outdoor Corporation Quote
Deckers’ shares gained 32.6% over the last three months compared with the S&P 500’s advance of 4.9%. The company possesses a Momentum Score of A.
Deckers Outdoor Corporation Price
Deckers Outdoor Corporation price | Deckers Outdoor Corporation Quote
Origin Bancorp, Inc. OBK: This bank holding company for Origin Bank has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.4% over the last 60 days.
Origin Bancorp, Inc. Price and Consensus
Origin Bancorp, Inc. price-consensus-chart | Origin Bancorp, Inc. Quote
Origin’s shares gained 24.8% over the last three months compared with the S&P 500’s advance of 4.9%. The company possesses a Momentum Score of A.
Origin Bancorp, Inc. Price
Origin Bancorp, Inc. price | Origin Bancorp, Inc. Quote
Bayerische Motoren Werke Aktiengesellschaft BMWYY: This automobile giant has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.4% over the last 60 days.
Bayerische Motoren Werke AG Sponsored ADR Price and Consensus
Bayerische Motoren Werke AG Sponsored ADR price-consensus-chart | Bayerische Motoren Werke AG Sponsored ADR Quote
Bayerische Motoren’s shares gained 9.2% over the last three months compared with the S&P 500’s advance of 4.9%. The company possesses a Momentum Score of A.
Bayerische Motoren Werke AG Sponsored ADR Price
Bayerische Motoren Werke AG Sponsored ADR price | Bayerische Motoren Werke AG Sponsored ADR Quote
See the full list of top ranked stocks here
Learn more about the Momentum score and how it is calculated here.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Bayerische Motoren Werke AG Sponsored ADR (BMWYY) : Free Stock Analysis Report
Origin Bancorp, Inc. (OBK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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 15th: Deckers Outdoor Corporation DECK: This footwear, apparel, and accessories company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.8% over the last 60 days. The company possesses a Momentum Score of A. Bayerische Motoren Werke AG Sponsored ADR Price Bayerische Motoren Werke AG Sponsored ADR price | Bayerische Motoren Werke AG Sponsored ADR Quote See the full list of top ranked stocks here Learn more about the Momentum score and how it is calculated here. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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The company possesses a Momentum Score of A. Deckers Outdoor Corporation Price Deckers Outdoor Corporation price | Deckers Outdoor Corporation Quote Origin Bancorp, Inc. OBK: This bank holding company for Origin Bank has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.4% over the last 60 days. Bayerische Motoren Werke AG Sponsored ADR Price and Consensus Bayerische Motoren Werke AG Sponsored ADR price-consensus-chart | Bayerische Motoren Werke AG Sponsored ADR Quote Bayerische Motoren’s shares gained 9.2% over the last three months compared with the S&P 500’s advance of 4.9%. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Bayerische Motoren Werke AG Sponsored ADR (BMWYY) : Free Stock Analysis Report Origin Bancorp, Inc. (OBK) : 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. Deckers Outdoor Corporation Price Deckers Outdoor Corporation price | Deckers Outdoor Corporation Quote Origin Bancorp, Inc. OBK: This bank holding company for Origin Bank has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.4% over the last 60 days. Bayerische Motoren Werke AG Sponsored ADR Price and Consensus Bayerische Motoren Werke AG Sponsored ADR price-consensus-chart | Bayerische Motoren Werke AG Sponsored ADR Quote Bayerische Motoren’s shares gained 9.2% over the last three months compared with the S&P 500’s advance of 4.9%. The company possesses a Momentum Score of A. Bayerische Motoren Werke AG Sponsored ADR Price Bayerische Motoren Werke AG Sponsored ADR price | Bayerische Motoren Werke AG Sponsored ADR Quote See the full list of top ranked stocks here Learn more about the Momentum score and how it is calculated here.
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Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, December 15th: Deckers Outdoor Corporation DECK: This footwear, apparel, and accessories company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.8% over the last 60 days. The company possesses a Momentum Score of A. Deckers Outdoor Corporation Price Deckers Outdoor Corporation price | Deckers Outdoor Corporation Quote Origin Bancorp, Inc. OBK: This bank holding company for Origin Bank has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.4% over the last 60 days. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Bayerische Motoren Werke AG Sponsored ADR (BMWYY) : Free Stock Analysis Report Origin Bancorp, Inc. (OBK) : Free Stock Analysis Report To read this article on Zacks.com click here.
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