Unnamed: 0
stringlengths 3
8
| Date
stringlengths 23
23
| Article_title
stringlengths 1
250
| Stock_symbol
stringlengths 1
5
| Url
stringlengths 44
135
| Publisher
stringclasses 1
value | Author
stringclasses 1
value | Article
stringlengths 1
343k
| Lsa_summary
stringlengths 3
53.9k
| Luhn_summary
stringlengths 1
53.9k
| Textrank_summary
stringlengths 1
53.9k
| Lexrank_summary
stringlengths 1
53.9k
| uuid
stringlengths 36
36
|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
712900.0
|
2023-12-12 00:00:00 UTC
|
Did the Santa Claus Rally Start Early?
|
DCOMP
|
https://www.nasdaq.com/articles/did-the-santa-claus-rally-start-early
|
nan
|
nan
|
In this podcast, Motley Fool host Dylan Lewis and analysts Jason Moser and Matt Argersinger discuss:
The market's incredible November and why we may not be out of the woods yet on rate hikes.
Why Apple and Goldman Sachs are breaking up their credit card partnership.
Thoughts on Tesla's Cybertruck and the new details we have after this week's showcase.
Two stocks worth watching: Docusign and EPR Properties.
Vivek Pandya, manager of Adobe Digital Insights, talks through the trends he's seeing so far in holiday spending and whether it makes sense to buy now or wait for some of the items on your list.
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.
Should you invest $1,000 in Apple right now?
Before you buy stock in Apple, 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 Apple 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
This video was recorded on Dec. 01, 2023.
Dylan Lewis: November was one heck of a month for the market. But we may not be out of the woods yet. Motley Fool Money starts. Everybody needs money. That's why they call it money. From Cool Global headquarters, this is Motley Fool Money. It's the Motley Fool Money radio show. I'm Dylan Lewis joining me in the studio. Motley Fool Senior Analysts Jason Moser and Matt Argersinger. Gentlemen, great to have you both here. We've got a tribute to one of the greatest investors of all time, an early look at the holiday shopping trends and of course, stocks on our radar. But we're going to kick off today reflecting on November. Matt, it's a month of thanks and I think a lot of investors very thankful for the month that was.
Matt Argersinger: Very thankful, Dylan. What a month it was indeed. The S&P 500 up more than 9%, Nasdaq 100 which has already been on a super tear this year, was up another 11% in November. Russell 2000 by the way. Small caps which have really not participated finally had a good month up 9% and one of my favorite parts of the market, Real Estate Investment Trust which you have had a horrible year up 12% in November. This is probably the kicker for me guys. This is according to a report from Bank of America, the classic 60, 40 portfolio, 60% stocks, 40% bonds. The much belign 60, 40 portfolio, is least recently that was up 9.6% in November. That was the best month for that strategy in more than 32 years going back to December 1991, the month the USSR dissolved, by the way. That is quite a historic record right there. How about that? It seems like everything did well in November.
Dylan Lewis: Nice to see stocks not alone in the rally bonds in on the action as well. Jason, we typically see a little bit of a Santa rally in December. This one's coming in a little bit earlier for us. What do you see as you look at the past month?
Jason Moser: Well, I think what we saw, we saw a relatively decent earning season. I mean, we saw a lot of companies that there was continued language in regard to scrutinize spending, I heard a couple of elongated sales cycles in there. Still companies are doing a very good job of focusing on the money that's going out. I mean, it's not just about growing that revenue anymore, but a lot of companies are really focused on the money that's going out and they're really doing a good job of pairing that back, making the businesses a little bit more efficient. We're seeing margins expanding in some cases. It's not across the board. There are some pockets of weakness there and some questions. I think it's going to be an interesting holiday season from a retail perspective. But generally speaking, I think particularly considering tech, because that's really been most under the microscope, we are seeing that these companies are taking a look at this and saying, let's focus a little bit more on actually making some money and it's amazing what just shifting that narrative a little bit can really do to investor sentiment.
Dylan Lewis: That was November, and we are here taping on December 1 and as we were heading into production, Fed Chair Jerome Powell turned the lights on at the party and said, hey, we may not be totally done here yet, Matt. [LAUGHTER].
Matt Argersinger: That's right. He gave a speech on a Friday morning and it's something Powell has done a few times, I think over the past, say, year and a half, where he's come on and said, hey everyone, like you said, turn on the lights of the party. Isn't that the worst the music goes out, lights go on, it's awful.
Dylan Lewis: We're here to hang out for a while.
Matt Argersinger: I know, but no, he said hold on. Way too early to say that we're done actually raising rates, which I think is surprising. He says not until we have the full confidence, the Fed has the full confidence that inflation is heading back to our target of 2%. Basically, he said this without saying it. But he said the Fed is not even thinking about lowering rates, which is very in contrast to what we're seeing. Because if you look at, for example, the CME's Fed Watch Tool, looking at the March Fed meeting, they're looking at a 53% chance of a cut. If Pals come out and said we're not even thinking about thinking about cutting, there is a little bit of a conflict here. Now, I would say for all the things Jason said about corporate earnings, I think corporations have done a magnificent job managing their margins, especially during this. But I think one of the reasons the market rallied so much is because there's a sense that, even if the Fed is it might not be lowering, at least they're probably done hiking. We can sort of have a little more confidence in the level of interest rates and we can manage our balance sheets and our credit needs accordingly, that's a big thing. But now, if you're telling me that investors are actually thinking of a Fed cut is coming early in the year, that makes me a little more nervous.
Dylan Lewis: Matt, I'm just impressed that you got through thinking about twice. [LAUGHTER]. Well, cleanly, I struggled through it. Just trying to get out of that once from the big macro, we are going to check in on two big brands. Jason, Apple will be exiting its credit card relationship with Goldman Sachs. The tech firm reportedly submitted a proposal that would end the relationship in the next year. A bit of a change in strategy for both these businesses. This was the culmination of two initiatives for each of them and a new brand of business or a new type of business for both of them. What do you make of this partnership dissolving?
Jason Moser: It feels like it's probably the best solution for both parties involved. This is an interesting story because it brings a lot of companies into play here. You've got Apple and Goldman Sachs of course, but then you've got other companies that are interested in perhaps taking over that Apple business like American Express, or even synchrony. A lot of parties in play here. I think Apple's card aspirations on the one hand it can be seen as an acquisition tool. It's a way for them to give consumers access to more Apple devices. It's an easier way for consumers to be able to finance those devices, give it to you interest free over time, whatever it may be. And for Goldman at the time, it seemed like a reasonable bet in their consumer aspirations. You're saddling up with Apple, one of the biggest networks out there with billions upon billions of users, it feels like. But it just, it hasn't worked out that well and I think it's probably something that was a little bit, both parties were at fault here. I think when you saddle up with Apple, the idea is that you're saddling up with one of the biggest, most important companies in the world. Now, the other side of that coin is that Apple, because of their size, they can really command a lot out of that relationship as well. That typically means lower pricing. Granted, there's higher volume there. But I think also with Apple, this was a way for them to continue increasing engagement. Give people who want to be a part of that Apple universe a reason to stay in that Apple universe. You have your finances with them that means that you're going to find more value in the devices with Apple that you're using, it all makes sense when you look at how this relationship was born and the concessions that Apple demanded from Goldman. They were calling for essentially all applicants to be approved. They want to essentially 100% approval rate, and they went with an atypical billing cycle that essentially was the beginning of the month, whereas all other card companies do it on a rolling basis. That helps smooth out those finances, and so I think Goldman maybe felt like, you know what, this is far more trouble than it's worth. Apple looked at it and saying, well, if it's not going to be Goldman, I'm sure we can find another partner and I think that's ultimately what happens. I think Apple probably continues to try to make this work just with another partner. I would say that other partner better take a look at this example here and maybe push back on some of those demands that Apple's thrown out there.
Dylan Lewis: We've heard for years exactly how difficult it is to be a supplier of Apple. Usually we're talking about small chip companies going into business with them and how those contracts are incredibly demanding. Wind up straining some of the financials of those businesses because Apple can get such favorable terms. Funny to see a company like Goldman Sachs wind up in that same spot.
Jason Moser: Again, I think this is something that for Apple, it's not really a needle mover on the business. It's another service that they can offer and this is clearly becoming more and more of a services business as they work to diversify that revenue away. I don't think Apple card users really care what bank is behind all of this. Most of the time they're not really worried about the issuer of the bank as long as they are still affiliated with that Apple brand, that Apple card. I don't think Apple's going to have any problem finding another partner. But I think it'll be noteworthy how that new relationship is actually structured. Switching gears. It was a busy week for Elon Musk and we're going to maybe sidestep some of the deal book comments and discussion because we did see our first look at some of the details on Tesla's cyber truck. Matt, this was something that was first unveiled as an idea back in 2019. It is now 2023. We have a sense of what this product looks like, some of the costs, some of the specs. What did you think of the announcement?
Matt Argersinger: Well, first of all, I have to say the last few days, it feels like such a perfect representation of Elon Musk's personality. He goes from, like you said, this, let's be fair, bizarre, confusing, maybe even uncomfortable at times interview at Deal Books Summit in New York to the very next day giving this exciting almost Steve Jobs-esque unveiling of the cyber truck in Austin, Texas, or as he put it, the biggest product launch of anything by far on Earth this year. He might be right cause whatever you want to say, I think about Elon Musk the person and I have a lot of things to say, but Elon Musk, the engineer, the product designer, the salesman, is truly something entirely different and I do think the demand for the cyber truck is going to be huge. We can get into the specs, but it has more than one million reservations. It's a product that I think a lot of people four years ago certainly thought there was no chance in heck that this thing was going to roll off the production line anytime soon yet they are really rolling it off beginning this year. I have to say it's such a unique design, you have such a big Elon musk fan base and I really do believe him when he says, "The future looks like the future with this thing". I find myself intrigued and I do feel like it's going to be a success as is often the case with Musk. Some of the details they announced in 2019. A little bit different when they come to real reality here in 2023. I believe the base model will cost around $61,000. The upscale cyber base model, 100K. One of the things that I think is interesting here, Jason, is we saw this announced in 2019. It is now being revealed in 2023 and we'll probably see people really drive them on the roads in 2024 and 2025. The market for EVs and in particular truck EVs has changed pretty dramatically in that time.
Jason Moser: It has, and EVs are going through their own little moment right now where there are some questions as to the value proposition and there's consumer reports data out there showing that people are having more problems with EVs than ICs or even other vehicles.
Jason Moser: Whether that's the case or not, I think with Tesla, when you look at these trucks, it's very difficult to understand exactly what kind of driver wants this cybertruck. I think the cybertruck is a niche product that will probably do OK. I don't know how the company is ultimately defining success. For me, success is this is a contributor to the business. It sounds like for the immediate future, for the near future, at least for the foreseeable future, it's going to be something that loses money until they actually figure this whole thing out, because just making the truck on its own is a really difficult and arduous process. For most people that are driving these big trucks, the trucks are a tool of their trade. It's something that matters, that needs to be reliable. They need to know that it's going to work and how to fuel it up and use and whatnot. I don't know that they're necessarily going to be the ones making the leap to a cybertruck in the near term. Now, I think that as this iterates, as it evolves, there will be more opportunities to open that market opportunity up to more of those types of truck owners. For now, I think you probably see a few on the road, and we'll see how this develops.
Dylan Lewis: Coming up after the break, we've got a tribute and some of our favorite Mungerisms. Stay right here. This is Motley Fool Money.
Welcome back to Motley Fool Money. I'm Dylan Lewis, joined again in studio by Matt Argersinger and Jason Moser. This week, Charlie Munger, Vice Chairman of Berkshire Hathaway and Warren Buffett's right-hand man passed away at the age of 99. He is easily on the Mount Rushmore of the greatest investors of all time. I think it's probably worth spending a little time reflecting on just how remarkable his track record and success with Buffett and Berkshire was, Matt.
Matt Argersinger: Remarkable. It is Mount Rushmore, for sure. If you're talking about, as the young people say, goat, greatest of all time, Warren Buffett is the goat when it comes to investing. But I'm not sure he's quite the goat without Charlie Munger. If you look at Berkshire Hathaway's market value per share, 57 years ago, when he took over the textile mill in Massachusetts and turned this into one of the most successful businesses and companies of all time, he and Munger compound market value per share for Berkshire just under 20% a year for 57 years. Almost six decades. More than double the annual compound return of the S&P 500. Just to put that in dollar terms, if you had invested $100 in Berkshire Hathaway the moment after Buffett took over, that $100 would have turned into $2.96 million today.
Dylan Lewis: Matt, to your point about the duo, I think of Buffett and Munger as Brady and Belichick. They're both individually great, but what they've done together, just absolutely incredible, and I don't know that we're going to see it again.
Matt Argersinger: No, I don't think so. If I could tell a quick story, J. Mo was involved in this too, is early 2015, Jason and I took over a million-dollar portfolio, which is the service we had here at the Motley Fool. As we were thinking about how to run this service, the first thing that came to mind was a quote by Charlie Munger. It goes something like this: If you buy something because it's undervalued, then you have to think about selling it when it approaches your calculation of its intrinsic value. That's hard. But if you buy just a few great companies, then you can sit on your butt. That's a good thing. Now, Charlie used a little bit more colorful language than I just did. But that to me was such more than any quote from Charlie Munger has told me. It really isn't about trying to always constantly massage your portfolio. Deciding what to buy, when to buy, what to sell, when to sell. Find great companies, buy them, hold them. I think that was the lesson he also gave to Buffett six decades ago as well.
Jason Moser: Well, I was going to say you're right because Buffett was the cigar-butt guy.
Matt Argersinger: Absolutely.
Jason Moser: He is the Graham cigar-butt guy. Munger was the guy that came in today. What about just buying good businesses at fair prices?
Matt Argersinger: Yes.
Jason Moser: Buy good businesses at reasonable prices and then Matt says, sit on our butts and just go about this. Now, I think one interesting thing, and the returns numbers you quoted there are phenomenal, it's fascinating to think, and Munger is on record as saying this, he said, you know what? We could have doubled the size of Berkshire, had we done just one thing; used the leverage. It's something we talk about leverage a lot here because leverage can be a very dangerous tool. It can be a helpful tool for certain investors if you know what you're doing, but it raises the degree of difficulty when it comes to investing. He said, we could have used leverage and Berkshire would have been worth twice as much. He said the reason why they didn't do it, was because they didn't want to disappoint the people that had been with them for so long. They generated a lot of wealth. He's like if we lose three quarter of our money, we're still rich. But a lot of these people that have made all this money along the way with us, they're just individual investors. We would have let them down in a big way in understanding the nature of leverage in the fickle nature of markets. Using leverage boils down to market timing in some senses. They made that conscious decision; no, we're not going to do that, we've got our process in place. I think that's a great lesson for investors is, know what you don't know, get your process in place, and trust the process. What? Bell check, right?
Dylan Lewis: As a testament to the process and really just by keeping it simple, how easy they were able to make things for themselves, one of the top 10 largest companies in the United States, even without the benefit of using leverage, so even doing things the right way, doing things simply, and not exposing themselves to too much risk, I think they did just OK. [laughs]
Matt Argersinger: I think they did more than OK. I would say, and beyond also just buying wonderful businesses. One of the hardest things we do as investors is holding great businesses. It's one thing to identify a wonderful business, buy a wonderful business at a fair, reasonable price. Most of us just don't hold those businesses long enough. If you look at their holdings in Coca-Cola, American Express, even Apple, which is more recent purchase they've held that for almost a decade now, a lot of us just have a hard time doing that. As an individual investors, we see a stock we own go up 50%, we're like, hey, should I think about selling? Is the market at the top? What if I don't sell and the dry stock drops 20%? That is also part of the genius, it's part of the goating, which was not just buying wonderful businesses, but holding them, which is such a hard thing to do if you're an individual investor.
Dylan Lewis: I think, Matt, modeling that behavior, talking about that, and being very open about it as such great investors probably helped investor outcomes on the retail side, almost more than anybody else. I think it's probably Jack Bogle, Warren Buffett, and Charlie Munger, in terms of like good investing behavior and lessons.
Matt Argersinger: Exactly. Lessons that any investor could follow. These were the lessons. What's amazing to me is, I think it was Jeff Bassos who asked Buffett once, why aren't there more investors like you? Why don't they just copy you and do what you do? The whole refrain was, well, because people, they want to be rich fast, they don't want to get rich slowly, and that's what we did, and they did it better than anyone else.
Dylan Lewis: J. Mo, Matt mentioned a Mungerism that he particularly enjoys. Anything jump out to you?
Jason Moser: Yeah. The one that I noted earlier this week and the impact I think that Munger has had on my life from reading and the listening to him speak overall is just patience. It goes back to what you were saying. One of my favorite quotes, the big money is not in the buying and selling, but in the waiting. That really is what it boils down to. A lot of people don't want to hear that because like Matty said, they want to get rich quick. That's not the way it works. You determine your process, you do what works best for you. But I think over time, what we found is that Munger and Buffett came up with something pretty special there. It's not a bad idea to try to mirror that patience. It's not easy all the time, but it matters.
Dylan Lewis: Gentlemen, we're going to see you a little bit later in the show. Up next, we've got to check in on holiday spend and places we're seeing deflation in pricing. Stay right here. You're listening to Motley Fool Money.
Vera Lynn: We'll meet again. Don't know where, don't know when. But I know we'll meet again some sunny day. Keep smiling through just like you always do 'til the blue sky drive the dark clouds.
Dylan Lewis: Welcome back to Motley Fool Monday. I'm Dylan Lewis. The holiday season is in full swing and we've got an early read on results from Cyber Monday and Black Friday, thanks to Adobe. The firm is the source for online holiday spend data. We caught up with the Vivek Pandya, their lead insights analyst to get a sense of the trends he's seeing in the numbers this winter and whether it makes sense to buy now or wait for some of the items on your list. Let's dive right in. Your firm reported a record $9.8 billion in Black Friday online sales and over 12 billion in Cyber Monday sales. How do you think online retailers and shoppers are looking so far this holiday season?
Vivek Pandya: It's been, I think, something that they've been anticipating in terms of where they would land for these major days. Buyer propensity is the strongest on Thanksgiving to Cyber Monday. I think they're probably feeling pretty good about the momentum that they've experienced through these five days. I think what we're going to have to keep a closer eye on is how the demand continues to persist from where we are post Cyber Monday through the rest of the season. I also think they'll have to think a little bit more about how they approach early seasonal discounts, which they did in late October all the way into early November. In the past, that has done well for them. But this season, with the consumers priority around price and discount magnitudes, they really return back to Black Friday and Cyber Monday for their shopping. That's something the retailers are going to have to continue to think about in 2024.
Dylan Lewis: If I'm not mistaken, I think Black Friday spend was up somewhere around 7% year over year. We saw, I think, Cyber Monday results up nearly 10% over 2022. There are a lot of different reasons why those numbers could be going up. I think inflation is probably top of mind for a lot of people. Do you feel like we're seeing a mix of inflation and increases in demand and volume a little bit more, one or the other?
Vivek Pandya: It's a great question because with online retail prices, those have actually been coming down year on year for the past couple of years because we did see prior to the pandemic, we would continue to see online deflation. The reason for that is you'd have more and more online retail merchants enter the space. That gives the consumer much more choice and there's more competition, and that puts a downward pressure on prices. We also saw with categories like electronics, you have the newer products coming out and that pushes prices down on the older versions. That deflation was pretty apparent pre-pandemic. Then we had these supply chain issues that really put consumers in a position where they were seeing much higher prices across the board. Even for online goods, the demand was so high. But then as we got to 2022, the summer where gas prices started going up and durable and goods demand started coming down, that put online prices back on this deflationary trajectory. A lot of the growth that we're seeing is purely because people are buying more goods and buying more items. I think online retailers can really take a lot away from that. I will say that especially in certain categories like electronics, apparel prices and discounts are in the range of 20%-30% That puts a lot of impact in terms of good demand because of just people buying more goods.
Dylan Lewis: Let's talk a little bit about what people are buying. You mentioned a couple of different categories there, where are you seeing a lot of interest and are there any particular products that you're seeing really spike this holiday season?
Vivek Pandya: Well, the good news is we've seen strong boosts in categories across the board. Even categories like apparel that had softer, flat to negative growth in the off season and the rest of the time in 2023, had a bit of a boost through the Cyber Five. With apparel, you really have products that have gone viral on TikTok, things like that. The Birkenstocks, the UGG Tasman slippers, and then we have cosmetic products that have done well because the gift sets and all that are really popular this season. Electronics are massive this time of the year. With the supply chain issues easing, it's a lot easier for people to get a hold of PS5s and Xbox Series X and things like that this season than previous seasons. That's helping. We've also had the iPhone 15 release, which had an initial launch and that picked up some demand. But usually the consumer continues to want some of these goods into Christmas. It has the momentum through the gift giving season. Then obviously, toys are pretty massive this time of the year. You end up seeing the perennial favorites like the Lego and the Barbie products, but you end up seeing variations. I think about Tamagotchis, which have been around for decades, but now you have the Tamagotchi Nano, Harry Potter version, which is a much more advanced version than probably we grew up with as kids. These types of items continue to be popular and we see an uptick, especially this time of year.
Dylan Lewis: Everything old is new again, right?
Vivek Pandya: Exactly.
Dylan Lewis: Exactly. You mentioned the Cyber Five earlier and I think Black Friday and Cyber Monday continue to be the main events and they get a lot of the headlines. But it does seem like, at least anecdotally, the individual days are being blurred a little bit more. Those big days are still important, but is that what you guys are seeing in the data where it's more of a season of shopping rather than these big tent pole days?
Vivek Pandya: Well, in previous years it definitely became the early season, blurring into Thanksgiving. But this season, it's been very much the discount magnitude strengthened within the 5%-10% range to the 20-35% range as we got into Thanksgiving week. You had Thanksgiving all the way up to Cyber Monday, have really strong discounts and those ones were blurring into each other. The Black Friday deals were transforming into early Cyber Monday deals. You saw that transition. But what was interesting was something like Thanksgiving, where consumers are used to going out to the shops. Five, 10 years ago, they'd go out to the shops after Thanksgiving meal and get another deal on a TV or something like that. But then with the pandemic, those stores closed on Thanksgiving and they remain closed, but the buyer propensity and that buy mode that they're in continues to persist. That's when they just turn to their smartphones after eating or while they're talking to family and then start doing their shopping. That's where we saw a lot of spending velocity kick up and that's where we saw $5.5 billion. That really set the tone for what we would see from Black Friday to Cyber Monday.
Dylan Lewis: Earlier you mentioned people looking at their phones and doing some shopping. By my count, I think for e-commerce desktop is still king. But it seems like it's barely still king. What are we seeing in terms of mobile and desktop shopping this year?
Vivek Pandya: It's exactly right, because we're crossing this threshold where mobile devices will make up about 51% share for the season and become technically the majority way that people buy online goods. However, when we think about certain days like Thanksgiving and Cyber Monday, it's already surging beyond that 51%. We almost hit 60% on Thanksgiving because as I said, there's just so much of a shift to smartphones. Well, when you're around with family, you don't want to pull out your laptop and then start shopping. But you might pull out your smartphone and be comfortable doing some shopping there. It's been really important for retailers to ensure that their mobile experiences are state of the art and are seamless and frictionless so that when the consumer does that impulse buying, they can support that demand. Because what we still see is online conversion rates and buyer rates being stronger on online desktop. We really need to see that level of strength in mobile device conversion because that's where all the momentum is going.
Dylan Lewis: Are there any retailers that are doing anything particularly interesting or novel with mobile to try to boost those conversion rates?
Vivek Pandya: Well, we think about a lot of these online retailers across the board leveraging these initiatives to get consumers to download the mobile apps, provide additional value and discounts if they download the mobile app because that strengthens the relationship, it becomes less cost prohibitive to engage them once they've downloaded the mobile app and the conversion is stronger. We see constant encouragement to download mobile apps to leverage certain types of deals, to scan QR codes. All these types of things are designed to have consumers who are very mobile first continue to think about e-commerce from a mobile first lens too. You see it also with social media apps. TikTok has been quite the social media story these past couple of years. There's been a lot of investment into these social media advertising platforms so that they can extract the value and have the consumer who's maybe going to these apps just to browse videos and things like that to quickly be shifted into the buy mode too.
Dylan Lewis: I think one thing a lot of consumers have gotten used to over the last couple of years is seeing the option to buy now pay later as they are checking out. I look at the consumer, and we've talked about this a lot on our show. It feels like we have stretched consumers between inflation, interest rates rising, student loan payments going up. It seems like there is probably going to be a decent number of people who are looking for either holiday spend to go on credit card spend or buy now pay later options. What are you seeing over there?
Vivek Pandya: The buy now pay later growth has been quite something even prior to getting into the holiday season. We're expecting about 17% growth for the season in terms of buy now pay later utilization. That will mean out of the $222 billion spent this holiday season, about $17 billion will be processed specifically through buy now pay later. We're already hitting that growth momentum right now. We've seen over eight billion dollar spent. It's definitely something consumers are leaning on. I would say multiple consumers and different audiences are leveraging it for different reasons. Some of them are maybe social savvy, younger consumers and they're going through the payment checkout process and they see, I thought I was going to spend $200. They're saying, I can just do $50 and just break it up into payments. It entices them to just jump on that bandwagon very quickly. Other consumers are in more of a financially strained position and they're having to lean on buy now pay later in order to support their gift giving budget. Really that's one of the things where we're going to have to just continue to see how that moves in the context of larger online growth. What I will say is you have that utilization. You've seen growth in integrations with buy now pay later. It's been a growth factor, but I think we'll have to see in the off season, so coming into 2024, how those growth rates continue to persist.
Dylan Lewis: One of the other consumer stories we've been seeing as a result of some of those pressures is this idea of consumers trading down a little bit and looking for lower priced items or maybe moving from one retailer to more of a discount retailer. Do you see any of that in the data that you're looking at?
Vivek Pandya: Well, it's something that we've kept a close eye on, I had mentioned earlier that since we started to see online inflation turn to online deflation.
Vivek Pandya: That really started kicking off as we look at how the prices shifted from 2021 into to mid 2023. What we're finding is, yes, people have absolutely downshifted to the cheaper goods. We've seen people go from organic products to non organic to save money there. We've seen people go from the higher end luxury version of a cosmetic item or apparel to the cheaper version. The exception a little bit is you see consumers being a little less price sensitive to that during the holiday season. Because A, discounts are helping bring down prices overall, and B, they're usually giving gifts to other people. They're very conscientious of how, the gifts will appear, that they got the person, the premium gift they were looking for versus a cheaper substitute. That's where we see a little bit more of a return to the premium luxury. But in the off season and when we're not in the holiday season, Bonanza, that's when we see people downshifting a lot to the cheaper versions. Cheaper, is sometimes they go for a completely different alternative altogether to make the most of their budget within these categories.
Jason Moser: You mentioned the discounting there, and my last question for you, Vivek is really, in service of our listeners, we saw the huge discounting happen as we would expect during the Cyber 5, and ahead of the Cyber 5. Based on what you're seeing, is this where we're going to see discounts bottom out, or should people wait a little bit on some of these purchases for the holidays?
Vivek Pandya: I would say for the most part, they have bottomed out. Especially in the key categories like apparel electronics. We do expect to see a bit more stronger discounting on December 4th for sporting goods. That's just how that particular category has. We've seen the pricing trends over the years. A bit in early December, maybe a bit more of a deal on sporting goods, but outside of that we're starting to see the discounts we can dissipate across a lot of the products. That's, again, almost seasonally how it's worked in previous years. Credit to retailers, they've had to train consumers that this is the moment and then that's why we also see a lot of spend velocity in the six to 11:00 PM. PST time on Cyber Monday, we see about over $4 billion spent that way because everyone's trying to get the discounts and get their shopping out of the way.
Dylan Lewis: Listeners, we'll put a link to Adobe's holiday shopping tracker in our show notes Coming up after the break, Jason Moser and Matt Argersinger return with a couple stocks on their radar. Stay right here, you're listening to motley money.
As always, people in the program may have interests in the stocks they talk about in the motley fool. May have formal recommendations for or against, start, buy, sell, anything based solely on what you hear. I'm Dylan Lewis joined again by Jason Moser and Matt Argersinger. We tend to focus on stocks here at the motley fool, but this week we are profiling a different investment. NBA owner and Shark Cubin is selling his majority stake in the Dallas Mavericks to Miriam Adelson, the largest shareholder in Las Vegas Sands. Matt, Cuban will remain in charge of basketball operations and he'll keep a small stake in the business. But this seems like an interesting choice in an interesting moment.
Matt Argersinger: Yes, it was a surprise to me and that's because, I think of Mark Cuban as a pretty successful businessman and investor. Well a highly successful businessman and investor, but at the same time he's this, highly passionate sports fan and team owner. Him selling his majority stake in what I thought was his passion makes me think he's calling a little bit of a medium term top in the market, in terms of professional sports team valuations, especially for non NFL franchise. I think if you look at the Jason and we were talking about this earlier in the week, NBA Major League Baseball, anything not in the NFL. I feel like we might be a little bit of a top and I think Mark Cuban actually might be calling that Cuban.
Dylan Lewis: Cuban timed it pretty well when it came to the.comboom. I think he may be able to time this one and we'll see.
Matt Argersinger: I think so.
Dylan Lewis: Let's get over to stocks on our radar. Our man behind the glass, Dan Boyd, is going to hit you with a question. Jason, you're up first. What are you looking at this week?
Jason Moser: Yeah. Keep an eye on Docusign. Ticker is DOCU. Earnings come out Wednesday after the market closes. They've got new Ish CEO Alan Tiger said he's been there about a year now, a little over a year. We should continue to hear more and more about CLM. Contract life cycle management. That's really the key to the long term strategy here, is taking that core specialty and E signature and just, expanding it out to that full life cycle management. They're adding features and capabilities that are working out. Last quarter reported a total customer base of 1.44 million. That was up 12% from a year. They also saw 6% year over year increase in customers with annualized contract value exceeding $300,000. A total of 1047 customers there. Those are metrics to keep an eye on. They tell us that not only are they landing new customers, but they're expanding the relationships with those customers, even in a time of scrutinized spending and elongated sales cycles. But listen, this is a company, they're going through a tough time, but they've grown revenue at a compound annual rate of 45% over the last five years. Good balance sheet, you want to see that stock based compensation continue to come down, but I think they're doing a good job of keeping the hyperbole to a minimum getting out of this pandemic, stay at home stock mentality and just getting back down to brass tacks. I'll be interested to see what one day brings.
Dylan Lewis: Dan a question about Docusign?
Dan Boyd: So the Docusign stock price is flat. If you don't count the pandemic, it's like the pandemic never happened. It's back to pre pandemic levels. Does this company have enough of a Mote?
Jason Moser: Man, I tell you, I think Mote is a very overused term. I don't know that they necessarily have a mode. There's competition out there, primarily in the form of Adobe. But again, I think this boils down to contract life cycle management. The more they can build out capabilities beyond a signature, the more of a competitive advantage they can build through.
Dylan Lewis: Matt, what is on your radar this week?
Matt Argersinger: Epr Properties. Dylan ticker, EPR. This is a real estate investment trust. You know, I love my reads. For all intents and purposes, this company was dead man walking after the pandemic, their biggest real estate holding movie theaters. Tough business. Well, and especially after one of their largest tenants, Regal Entertainment, filed for bankruptcy last year. Business is far from dead though, thriving this year, revenue in the third quarter is up 17%. Most of the theaters that were closed as part of the Regal bankruptcy have reopened with two operators portfolio was 99% lease at the end of the quarter, great balance sheet, eight times earnings and a 7% dividend yield. I can't turn away from this one. I'm looking to actually add to my position.Dan, a question about EPR properties.
Dylan Lewis: Matt, you go into movie theaters because I haven't been to one since 1919.
Matt Argersinger: I have it, but that's mainly because I have a four year old son at home, but I plan to get back there pretty soon. All right. Dan, which one are you putting on your watch list?
Dan Boyd: I got to tell you, I feel like docusign is becoming a verb like Xerox and Kleenex out there. It's like someone's going to send me a Docusign because.
Matt Argersinger: I'm going to go Docusign.
Dylan Lewis: That's usually a sign of brand strength. I'm right there with you, Dan. Dan, Thanks for weighing in on this week's Radar Stocks, Matt and Jason. Thank you guys for bringing them to us.
Matt Argersinger: Thank you.
Dylan Lewis: That's going to do it for this week's Motley Fool Money Radio show. The show is mixed by Dan Boyd. I'm Dylan Lewis. Thanks for listening. We'll see you next time.
Bank of America is an advertising partner of The Ascent, a Motley Fool company. American Express is an advertising partner of The Ascent, a Motley Fool company. Jason Moser has positions in Adobe, Apple, and DocuSign. Matthew Argersinger has positions in Coca-Cola, DocuSign, EPR Properties, and Tesla and has the following options: short January 2024 $57.50 puts on Coca-Cola. The Motley Fool has positions in and recommends Adobe, Apple, Bank of America, Berkshire Hathaway, DocuSign, Goldman Sachs Group, and Tesla. The Motley Fool recommends EPR Properties and recommends the following options: long January 2024 $420 calls on Adobe, long January 2024 $47.50 calls on Coca-Cola, long January 2024 $60 calls on DocuSign, and short January 2024 $430 calls on Adobe. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
He goes from, like you said, this, let's be fair, bizarre, confusing, maybe even uncomfortable at times interview at Deal Books Summit in New York to the very next day giving this exciting almost Steve Jobs-esque unveiling of the cyber truck in Austin, Texas, or as he put it, the biggest product launch of anything by far on Earth this year. Dylan Lewis: Listeners, we'll put a link to Adobe's holiday shopping tracker in our show notes Coming up after the break, Jason Moser and Matt Argersinger return with a couple stocks on their radar. Most of the theaters that were closed as part of the Regal bankruptcy have reopened with two operators portfolio was 99% lease at the end of the quarter, great balance sheet, eight times earnings and a 7% dividend yield.
|
In this podcast, Motley Fool host Dylan Lewis and analysts Jason Moser and Matt Argersinger discuss: The market's incredible November and why we may not be out of the woods yet on rate hikes. Dylan Lewis: Listeners, we'll put a link to Adobe's holiday shopping tracker in our show notes Coming up after the break, Jason Moser and Matt Argersinger return with a couple stocks on their radar. The Motley Fool recommends EPR Properties and recommends the following options: long January 2024 $420 calls on Adobe, long January 2024 $47.50 calls on Coca-Cola, long January 2024 $60 calls on DocuSign, and short January 2024 $430 calls on Adobe.
|
Before you buy stock in Apple, 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 Apple wasn't one of them. Vivek Pandya: It's a great question because with online retail prices, those have actually been coming down year on year for the past couple of years because we did see prior to the pandemic, we would continue to see online deflation. Dylan Lewis: Listeners, we'll put a link to Adobe's holiday shopping tracker in our show notes Coming up after the break, Jason Moser and Matt Argersinger return with a couple stocks on their radar.
|
In this podcast, Motley Fool host Dylan Lewis and analysts Jason Moser and Matt Argersinger discuss: The market's incredible November and why we may not be out of the woods yet on rate hikes. Vivek Pandya: It's a great question because with online retail prices, those have actually been coming down year on year for the past couple of years because we did see prior to the pandemic, we would continue to see online deflation. Dylan Lewis: Let's talk a little bit about what people are buying.
|
aeb2bb15-c708-48b2-92e4-77473e38f1b5
|
712901.0
|
2023-12-12 00:00:00 UTC
|
Validea's Top Consumer Staples Stocks Based On Martin Zweig - 12/15/2023
|
DCOMP
|
https://www.nasdaq.com/articles/valideas-top-consumer-staples-stocks-based-on-martin-zweig-12-15-2023
|
nan
|
nan
|
The following are the top rated Consumer Staples stocks according to Validea's Growth Investor model based on the published strategy of Martin Zweig. This strategy looks for growth stocks with persistent accelerating earnings and sales growth, reasonable valuations and low debt.
INGREDION INC (INGR) is a mid-cap value stock in the Food Processing industry. The rating according to our strategy based on Martin Zweig is 69% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Ingredion Incorporated is a global ingredients solutions provider that transforms corn, tapioca, potatoes, stevia, grains, fruits and vegetables into value-added ingredients and biomaterials for the food, beverage, brewing and other industries. It operates through four segments: North America, South America, Asia-Pacific, and Europe, Middle East and Africa (EMEA). It develops, produces, and sells a variety of food and beverage ingredients, primarily starches and sweeteners, for various industries. Its product lines include starches and sweeteners, animal feed products and edible corn oil. Its starch-based products include both food-grade and industrial starches, as well as biomaterials. Its sweetener products include glucose syrups, high maltose syrups, high fructose corn syrup, caramel color, dextrose, polyols, maltodextrins, and glucose and syrup solids. Its products are derived primarily from the processing of corn and other starch-based materials, such as tapioca, potato and rice.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: FAIL
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: FAIL
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of INGREDION INC
INGR Guru Analysis
INGR Fundamental Analysis
PROCTER & GAMBLE CO (PG) is a large-cap growth stock in the Personal & Household Prods. industry. The rating according to our strategy based on Martin Zweig is 69% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: The Procter & Gamble Company is focused on providing branded consumer packaged goods to consumers across the world. The Company's segments include Beauty, Grooming, Health Care, Fabric & Home Care and Baby, Feminine & Family Care. The Company's products are sold in approximately 180 countries and territories primarily through mass merchandisers, e-commerce, including social commerce channels, grocery stores, membership club stores, drug stores, department stores, distributors, wholesalers, specialty beauty stores, including airport duty-free stores), high-frequency stores, pharmacies, electronics stores and professional channels. It also sells direct to individual consumers. It has operations in approximately 70 countries. It offers products under brands, such as Head & Shoulders, Herbal Essences, Pantene, Rejoice, Olay, Old Spice, Safeguard, Secret, SK-II, Braun, Gillette, Venus, Crest, Oral-B, Ariel, Downy, Gain, Tide, Always, Always Discreet, Tampax and others.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: FAIL
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: FAIL
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of PROCTER & GAMBLE CO
PG Guru Analysis
PG Fundamental Analysis
COLGATE-PALMOLIVE COMPANY (CL) is a large-cap growth stock in the Personal & Household Prods. industry. The rating according to our strategy based on Martin Zweig is 69% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Colgate-Palmolive Company is a household and consumer products company. The Company operates in two product segments: Oral, Personal and Home Care; and Pet Nutrition. The Oral, Personal and Home Care product segment is managed geographically in five segments, such as North America, Latin America, Europe, Asia Pacific and Africa/Eurasia, all of which sell primarily to a variety of traditional and e-commerce retailers, wholesalers, distributors, dentists and skin health professionals. Through Hill's Pet Nutrition, it is also engaged in the pet nutrition market, selling products principally through authorized pet supply retailers, veterinarians, and e-commerce retailers. It also sells certain of its products direct-to-consumer. It sells its toothpastes under brands, such as Colgate, Darlie, elmex, hello, meridol, Sorriso and Tom's of Maine; its toothbrushes under brands, such as Colgate, Darlie, elmex and meridol; and its mouthwashes under brands, such as Colgate, elmex and meridol.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: FAIL
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: FAIL
TOTAL DEBT/EQUITY RATIO: FAIL
INSIDER TRANSACTIONS: PASS
Detailed Analysis of COLGATE-PALMOLIVE COMPANY
CL Guru Analysis
CL Fundamental Analysis
GROCERY OUTLET HOLDING CORP (GO) is a mid-cap growth stock in the Retail (Grocery) industry. The rating according to our strategy based on Martin Zweig is 62% 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: Grocery Outlet Holding Corp. is a retailer of name-brand consumables and fresh products sold through a network of independently operated stores. The Company operates approximately 440 stores in California, Washington, Oregon, Pennsylvania, Idaho, Nevada, Maryland and New Jersey. The Company's product offering includes staples, across grocery, produce, refrigerated and frozen foods, beer and wine, fresh meat and seafood, general merchandise, and health and beauty care. These products include a wide selection of Natural, Organic, Specialty and Healthy (NOSH) products. It operates eight distribution centers, three of which it operates and five of which are operated by third parties. It has an in-house transportation fleet as well as transportation partner relationships that provide deliveries to its stores. The Company is focused on centralized marketing efforts primarily on digital ads, social media, television, and radio commercials, print circulars, and in-store and outdoor signage.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: FAIL
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: FAIL
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of GROCERY OUTLET HOLDING CORP
GO Guru Analysis
GO Fundamental Analysis
KEURIG DR PEPPER INC (KDP) is a large-cap growth stock in the Beverages (Non-Alcoholic) industry. The rating according to our strategy based on Martin Zweig is 62% 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: Keurig Dr Pepper Inc. is a beverage company in North America. The Company has a diverse portfolio of flavored (non-cola) carbonated soft drinks (CSDs), non-carbonated beverages (NCBs), including water, ready-to-drink tea and coffee, juice, juice drinks, mixers, and specialty coffee, and is a producer of single serve brewing systems. Its segments include U.S. Refreshment Beverages, U.S. Coffee segment, and International. The U.S. Refreshment Beverages segment is engaged in the manufacture and distribution of branded concentrates, syrup and finished beverages. The U.S. Coffee segment is engaged in the manufacture and distribution of finished goods relating to the Company's K-Cup pods, single-serve brewers and accessories, and other coffee products to partners, retailers and directly to consumers. The International segment includes sales in Canada, Mexico, the Caribbean and other international markets. Its portfolio consists of approximately 125 owned, licensed and partner brands.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: FAIL
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: FAIL
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: FAIL
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of KEURIG DR PEPPER INC
KDP Guru Analysis
KDP Fundamental Analysis
Martin Zweig Portfolio
About Martin Zweig: During the 15 years that it was monitored, Zweig's stock recommendation newsletter returned an average of 15.9 percent per year, during which time it was ranked number one based on risk-adjusted returns by Hulbert Financial Digest. Zweig has managed both mutual and hedge funds during his career, and he's put the fortune he's compiled to some interesting uses. He has owned what Forbes reported was the most expensive apartment in New York, a $70 million penthouse that sits atop Manhattan's Pierre Hotel, and he is a collector of all sorts of pop culture and historical memorabilia -- among his purchases are the gun used by Clint Eastwood in "Dirty Harry", a stock certificate signed by Commodore Vanderbilt, and even two old-fashioned gas pumps similar to those he'd seen at a nearby gas station while growing up in Cleveland, according to published reports.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
It offers products under brands, such as Head & Shoulders, Herbal Essences, Pantene, Rejoice, Olay, Old Spice, Safeguard, Secret, SK-II, Braun, Gillette, Venus, Crest, Oral-B, Ariel, Downy, Gain, Tide, Always, Always Discreet, Tampax and others. The Company's product offering includes staples, across grocery, produce, refrigerated and frozen foods, beer and wine, fresh meat and seafood, general merchandise, and health and beauty care. 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.
|
The Company's products are sold in approximately 180 countries and territories primarily through mass merchandisers, e-commerce, including social commerce channels, grocery stores, membership club stores, drug stores, department stores, distributors, wholesalers, specialty beauty stores, including airport duty-free stores), high-frequency stores, pharmacies, electronics stores and professional channels. Detailed Analysis of PROCTER & GAMBLE CO PG Guru Analysis PG Fundamental Analysis COLGATE-PALMOLIVE COMPANY (CL) is a large-cap growth stock in the Personal & Household Prods. Detailed Analysis of COLGATE-PALMOLIVE COMPANY CL Guru Analysis CL Fundamental Analysis GROCERY OUTLET HOLDING CORP (GO) is a mid-cap growth stock in the Retail (Grocery) industry.
|
The Company's products are sold in approximately 180 countries and territories primarily through mass merchandisers, e-commerce, including social commerce channels, grocery stores, membership club stores, drug stores, department stores, distributors, wholesalers, specialty beauty stores, including airport duty-free stores), high-frequency stores, pharmacies, electronics stores and professional channels. Detailed Analysis of COLGATE-PALMOLIVE COMPANY CL Guru Analysis CL Fundamental Analysis GROCERY OUTLET HOLDING CORP (GO) is a mid-cap growth stock in the Retail (Grocery) industry. Detailed Analysis of KEURIG DR PEPPER INC KDP Guru Analysis KDP Fundamental Analysis Martin Zweig Portfolio About Martin Zweig: During the 15 years that it was monitored, Zweig's stock recommendation newsletter returned an average of 15.9 percent per year, during which time it was ranked number one based on risk-adjusted returns by Hulbert Financial Digest.
|
The following are the top rated Consumer Staples stocks according to Validea's Growth Investor model based on the published strategy of Martin Zweig. Company Description: Grocery Outlet Holding Corp. is a retailer of name-brand consumables and fresh products sold through a network of independently operated stores. Its segments include U.S. Refreshment Beverages, U.S. Coffee segment, and International.
|
8711a954-6889-485a-91ee-dbc2a4713760
|
712902.0
|
2023-12-12 00:00:00 UTC
|
Biden backs ethanol industry on low-emission aviation fuel tax credits
|
DCOMP
|
https://www.nasdaq.com/articles/biden-backs-ethanol-industry-on-low-emission-aviation-fuel-tax-credits
|
nan
|
nan
|
By Stephanie Kelly and Leah Douglas
Dec 15 (Reuters) - The Biden administration said on Friday it will recognize a methodology favored by the ethanol industry in guidance to companies looking to claim tax credits for sustainable aviation fuel (SAF), a pivotal win for the politically powerful U.S. corn lobby.
But the administration will also update the methodology by March 1, which leaves some uncertainty for corn-based ethanol producers, as it could ultimately tighten requirements around SAF feedstocks.
The global aviation industry, which is expected to reap net profits of over $20 billion in 2023 and accounts for about 2% of global energy-related carbon dioxide emissions, is one of the hardest sectors to decarbonize, as the equipment is not easy to electrify. Airlines argue that incentives are needed to boost the market for SAF, which can generate 50% less greenhouse gas emissions over its lifecycle than petroleum fuel, but is typically two to three times more expensive than fossil-fuel-based jet fuel.
For months, the Biden administration has been divided over whether to recognize the Department of Energy's Greenhouse Gases, Regulated Emissions and Energy Use in Technologies (GREET) model. That model enables ethanol-based SAF to qualify for tax credits under the Inflation Reduction Act, President Joe Biden's signature climate law.
Ethanol producers and corn farmers in rural states such as Iowa and Illinois have been awaiting updates, as the industry sees SAF as one of the only routes to grow ethanol demand amid rising sales of electric vehicles.
Biden, a Democrat, is seeking re-election and will depend on votes from closely contested Midwestern states that are the heaviest corn producers.
The guidance was first reported by Reuters on Thursday.
While the guidance aims to reduce the price gap between SAF and traditional jet fuel, administration officials could not provide data to show the extent that the incentives would reduce price discrepancies between the fuels.
ETHANOL SEEKS ROLE IN SAF
Ethanol groups have lobbied the Biden administration fiercely to recognize the GREET model for IRA credits, battling environmentalists who want standards that elevate feedstocks like used cooking oil and animal fat instead.
Farmers, ranchers and producers have the capacity to provide feedstocks to help airlines and the transportation industry meet a potentially 36-billion-gallon market, said Agriculture Secretary Tom Vilsack on a call with reporters.
"Key to this was the Treasury recognizing and appreciating the importance of the GREET platform for providing a pathway for corn-based ethanol and [other] biobased fuels to qualify for significant tax credits that were included in the IRA," Vilsack said.
Still, the GREET model now will be updated to incorporate new data and modeling on emissions sources like land use change and livestock activity, as well as strategies producers can use to lower emissions like CCS, renewable natural gas, and climate-friendly farming practices, the Internal Revenue Service said on Friday.
The IRA currently requires SAF producers to assess emissions with a model backed by the International Civil Aviation Organization (ICAO) or a "similar methodology."
"The real question is, come March, will the GREET model be set up in a way that will effectuate the ICAO standards," said Mark Brownstein, senior vice president of energy transition at the Environmental Defense Fund.
Under the new changes, fuel produced in 2023 that meets the new GREET standards will be eligible for the credit, administration said on background during a call with reporters.
The Environmental Protection Agency and the Departments of Agriculture, Energy, and Transportation are working together on the scientific updates, an administration official told reporters on a Thursday press call.
Ethanol trade groups including the Renewable Fuels Association and Growth Energy cheered the news on Friday but said more information around the updated guidance was needed.
"New investments in SAF are highly dependent on the pending GREET modeling updates," said Growth Energy chief executive Emily Skor. "The industry needs more clarity around the proposed changes before we have certainty around market access.
(Reporting by Stephanie Kelly and Leah Douglas; Editing by Heather Timmons, Leslie Adler and Mark Potter)
((Stephanie.Kelly@thomsonreuters.com; 646-737-4649; Reuters Messaging: stephanie.kelly.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
By Stephanie Kelly and Leah Douglas Dec 15 (Reuters) - The Biden administration said on Friday it will recognize a methodology favored by the ethanol industry in guidance to companies looking to claim tax credits for sustainable aviation fuel (SAF), a pivotal win for the politically powerful U.S. corn lobby. Ethanol groups have lobbied the Biden administration fiercely to recognize the GREET model for IRA credits, battling environmentalists who want standards that elevate feedstocks like used cooking oil and animal fat instead. "Key to this was the Treasury recognizing and appreciating the importance of the GREET platform for providing a pathway for corn-based ethanol and [other] biobased fuels to qualify for significant tax credits that were included in the IRA," Vilsack said.
|
By Stephanie Kelly and Leah Douglas Dec 15 (Reuters) - The Biden administration said on Friday it will recognize a methodology favored by the ethanol industry in guidance to companies looking to claim tax credits for sustainable aviation fuel (SAF), a pivotal win for the politically powerful U.S. corn lobby. While the guidance aims to reduce the price gap between SAF and traditional jet fuel, administration officials could not provide data to show the extent that the incentives would reduce price discrepancies between the fuels. Ethanol groups have lobbied the Biden administration fiercely to recognize the GREET model for IRA credits, battling environmentalists who want standards that elevate feedstocks like used cooking oil and animal fat instead.
|
By Stephanie Kelly and Leah Douglas Dec 15 (Reuters) - The Biden administration said on Friday it will recognize a methodology favored by the ethanol industry in guidance to companies looking to claim tax credits for sustainable aviation fuel (SAF), a pivotal win for the politically powerful U.S. corn lobby. Ethanol groups have lobbied the Biden administration fiercely to recognize the GREET model for IRA credits, battling environmentalists who want standards that elevate feedstocks like used cooking oil and animal fat instead. Still, the GREET model now will be updated to incorporate new data and modeling on emissions sources like land use change and livestock activity, as well as strategies producers can use to lower emissions like CCS, renewable natural gas, and climate-friendly farming practices, the Internal Revenue Service said on Friday.
|
By Stephanie Kelly and Leah Douglas Dec 15 (Reuters) - The Biden administration said on Friday it will recognize a methodology favored by the ethanol industry in guidance to companies looking to claim tax credits for sustainable aviation fuel (SAF), a pivotal win for the politically powerful U.S. corn lobby. Farmers, ranchers and producers have the capacity to provide feedstocks to help airlines and the transportation industry meet a potentially 36-billion-gallon market, said Agriculture Secretary Tom Vilsack on a call with reporters. The IRA currently requires SAF producers to assess emissions with a model backed by the International Civil Aviation Organization (ICAO) or a "similar methodology."
|
5f84f39b-1f5f-4705-889c-d18db1caf8d7
|
712903.0
|
2023-12-12 00:00:00 UTC
|
Why Array Technologies Stock Jumped 21.7% This Week
|
DCOMP
|
https://www.nasdaq.com/articles/why-array-technologies-stock-jumped-21.7-this-week
|
nan
|
nan
|
Solar energy stocks had a great week, and Array Technologies (NASDAQ: ARRY) was no different. The company's shares jumped 21.7% between Friday's close and Thursday's close, according to data provided by S&P Global Market Intelligence, as investors speculated that demand for solar energy projects will increase in 2024.
Like most of the recovery in renewable energy this week, interest rates were the driver of the bounce.
The solar energy bounce
Rising interest rates have been a headwind for the entire industry in 2023, and we're starting to see the effects on the financial results. Not only was Array Technologies' revenue down last quarter, but management also expects revenue to fall to between $290 million to $340 million in the fourth quarter of 2023.
ARRY Revenue (Quarterly) data by YCharts.
Higher interest rates make it more expensive to finance solar projects, and as a result, there's less volume of Array's products, like racking and other services. So, it's not a surprise that volume and revenue are starting to decline.
This week, interest rates started falling, and in the last month, the 10-year government bond's interest rate has fallen 60 basis points, with most of that decline coming this week. That should make it more economical to build utility-scale solar projects in the future.
A long road to recovery
You can see in the chart that net income is positive, but the company's $2.9 billion valuation doesn't match the current profitability or growth. So, lower rates could give a boost as more developers look to build projects in 2024 and 2025 if rates stay low. But it's a long road ahead, and shares will likely be volatile in the meantime.
Should you invest $1,000 in Array Technologies right now?
Before you buy stock in Array Technologies, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Array Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 11, 2023
Travis Hoium 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.
|
The solar energy bounce Rising interest rates have been a headwind for the entire industry in 2023, and we're starting to see the effects on the financial results. Higher interest rates make it more expensive to finance solar projects, and as a result, there's less volume of Array's products, like racking and other services. A long road to recovery You can see in the chart that net income is positive, but the company's $2.9 billion valuation doesn't match the current profitability or growth.
|
Solar energy stocks had a great week, and Array Technologies (NASDAQ: ARRY) was no different. This week, interest rates started falling, and in the last month, the 10-year government bond's interest rate has fallen 60 basis points, with most of that decline coming this week. Before you buy stock in Array Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Array Technologies wasn't one of them.
|
This week, interest rates started falling, and in the last month, the 10-year government bond's interest rate has fallen 60 basis points, with most of that decline coming this week. Before you buy stock in Array Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Array Technologies wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Travis Hoium has no position in any of the stocks mentioned.
|
Solar energy stocks had a great week, and Array Technologies (NASDAQ: ARRY) was no different. Higher interest rates make it more expensive to finance solar projects, and as a result, there's less volume of Array's products, like racking and other services. Before you buy stock in Array Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Array Technologies wasn't one of them.
|
5d223447-e642-4e61-8695-d06437425d6e
|
712904.0
|
2023-12-12 00:00:00 UTC
|
Alphabet (GOOGL) Bolsters Healthcare Offerings With MedLM
|
DCOMP
|
https://www.nasdaq.com/articles/alphabet-googl-bolsters-healthcare-offerings-with-medlm
|
nan
|
nan
|
Alphabet’s GOOGL Google is leaving no stone unturned to bolster its generative AI capabilities on the back of new product launches.
Recently, Google launched MedLM, a family of generative AI models intended for the healthcare industry.
MedLM, currently available to Vertex AI customers, includes two models offering medical documentation testing, drug development research and chatbot provider identification.
Alphabet is expected to gain solid traction across practitioners, researchers and health and life science organizations on the back of its latest move.
Moreover, the latest launch will aid the company in strengthening its footing in the global generative AI in the healthcare market.
Per a Grand View Research report, the global generative AI in the healthcare market is expected to witness a CAGR of 36.7% between 2023 and 2030.
Alphabet Inc. Price and Consensus
Alphabet Inc. price-consensus-chart | Alphabet Inc. Quote
Stiff Competition in the Healthcare Space
We note that the latest launches will allow this Zacks Rank #3 (Hold) company to strengthen its competitive edge against rivals like Amazon AMZN, Microsoft MSFT and Oracle ORCL, which are also making substantial efforts to strengthen their footing in the healthcare sector by leveraging generative AI capabilities.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Amazon’s cloud business, Amazon Web Services (“AWS”), launched AWS HealthScribe, which allows healthcare software vendors to create clinical applications using speech recognition and generative AI for automatic clinical documentation generation.
Further, it creates doctor-patient discussion transcripts, extracting details and summarizing them for electronic health record systems, converting them into patient notes for analysis.
Meanwhile, Microsoft’s cloud business Azure introduced new capabilities to free up clinicians' information, including patient timelines and clinical report simplification using generative AI, enabling healthcare professionals to extract and organize unstructured data for better understanding.
Moreover, Microsoft subsidiary, Nuance Communications, launched Dragon Ambient eXperience Copilot, an automated clinical documentation tool for healthcare and life science customers, which automatically drafts clinical summaries in seconds.
Oracle, on the other hand, unveiled patient-facing tools, including generative AI answers, voice commands for appointment scheduling and chats with clinicians to remind patients about lab results.
Expanding Healthcare Offerings
The latest move is in sync with Alphabet’s deepening focus to solidify its footing in the healthcare space.
Notably, Google launched Open Health Stack, an open-source program for developers to create health-related apps, including an Android Software Developer Kit (SDK) and design guidelines.
Further, these open-source tools are designed to assist technologists in developing apps for rural healthcare workers to access population health data.
Additionally, Google introduced two AI-powered life sciences solutions, Target and Lead Identification Suite and Multiomics Suite, to expedite drug discovery and precision medicine for biotech, pharmaceutical and public sector organizations.
Expanding healthcare offerings will boost the company's portfolio strength, potentially enhancing its overall financial performance in the upcoming period. This, in turn, will likely instill investor optimism in the stock.
Our model estimate for fourth-quarter 2023 total revenues is pegged at $81.95 billion, indicating year-over-year growth of 7.8%.
Alphabet has gained 49.5% on a year-to-date basis compared with the industry’s growth of 51.3%.
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
Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
Oracle Corporation (ORCL) : Free Stock Analysis Report
Alphabet Inc. (GOOGL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
MedLM, currently available to Vertex AI customers, includes two models offering medical documentation testing, drug development research and chatbot provider identification. Meanwhile, Microsoft’s cloud business Azure introduced new capabilities to free up clinicians' information, including patient timelines and clinical report simplification using generative AI, enabling healthcare professionals to extract and organize unstructured data for better understanding. Oracle, on the other hand, unveiled patient-facing tools, including generative AI answers, voice commands for appointment scheduling and chats with clinicians to remind patients about lab results.
|
Alphabet Inc. Price and Consensus Alphabet Inc. price-consensus-chart | Alphabet Inc. Quote Stiff Competition in the Healthcare Space We note that the latest launches will allow this Zacks Rank #3 (Hold) company to strengthen its competitive edge against rivals like Amazon AMZN, Microsoft MSFT and Oracle ORCL, which are also making substantial efforts to strengthen their footing in the healthcare sector by leveraging generative AI capabilities. Meanwhile, Microsoft’s cloud business Azure introduced new capabilities to free up clinicians' information, including patient timelines and clinical report simplification using generative AI, enabling healthcare professionals to extract and organize unstructured data for better understanding. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Oracle Corporation (ORCL) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Alphabet Inc. Price and Consensus Alphabet Inc. price-consensus-chart | Alphabet Inc. Quote Stiff Competition in the Healthcare Space We note that the latest launches will allow this Zacks Rank #3 (Hold) company to strengthen its competitive edge against rivals like Amazon AMZN, Microsoft MSFT and Oracle ORCL, which are also making substantial efforts to strengthen their footing in the healthcare sector by leveraging generative AI capabilities. Amazon’s cloud business, Amazon Web Services (“AWS”), launched AWS HealthScribe, which allows healthcare software vendors to create clinical applications using speech recognition and generative AI for automatic clinical documentation generation. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Oracle Corporation (ORCL) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Alphabet is expected to gain solid traction across practitioners, researchers and health and life science organizations on the back of its latest move. Expanding Healthcare Offerings The latest move is in sync with Alphabet’s deepening focus to solidify its footing in the healthcare space. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Oracle Corporation (ORCL) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
1ec0def6-05cd-459e-b23a-4177809ae1dc
|
712905.0
|
2023-12-12 00:00:00 UTC
|
Ex-Dividend Reminder: Medtronic, Redwood Trust and Broadcom
|
DCOMP
|
https://www.nasdaq.com/articles/ex-dividend-reminder%3A-medtronic-redwood-trust-and-broadcom
|
nan
|
nan
|
Looking at the universe of stocks we cover at Dividend Channel, on 12/19/23, Medtronic PLC (Symbol: MDT), Redwood Trust Inc (Symbol: RWT), and Broadcom Inc (Symbol: AVGO) will all trade ex-dividend for their respective upcoming dividends. Medtronic PLC will pay its quarterly dividend of $0.69 on 1/12/24, Redwood Trust Inc will pay its quarterly dividend of $0.16 on 12/28/23, and Broadcom Inc will pay its quarterly dividend of $5.25 on 12/29/23. As a percentage of MDT's recent stock price of $83.43, this dividend works out to approximately 0.83%, so look for shares of Medtronic PLC to trade 0.83% lower — all else being equal — when MDT shares open for trading on 12/19/23. Similarly, investors should look for RWT to open 2.05% lower in price and for AVGO to open 0.47% lower, all else being equal.
Below are dividend history charts for MDT, RWT, and AVGO, showing historical dividends prior to the most recent ones declared.
Medtronic PLC (Symbol: MDT):
Redwood Trust Inc (Symbol: RWT):
Broadcom Inc (Symbol: AVGO):
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 3.31% for Medtronic PLC, 8.22% for Redwood Trust Inc, and 1.90% for Broadcom Inc.
Free Report: Top 8%+ Dividends (paid monthly)
In Friday trading, Medtronic PLC shares are currently up about 1.9%, Redwood Trust Inc shares are up about 6%, and Broadcom Inc shares are up about 1.5% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
Also see:
Cheap Energy Stocks Paying Dividends
GVG Historical Stock Prices
DRAD Videos
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
As a percentage of MDT's recent stock price of $83.43, this dividend works out to approximately 0.83%, so look for shares of Medtronic PLC to trade 0.83% lower — all else being equal — when MDT shares open for trading on 12/19/23. 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 3.31% for Medtronic PLC, 8.22% for Redwood Trust Inc, and 1.90% for Broadcom Inc. Free Report: Top 8%+ Dividends (paid monthly) In Friday trading, Medtronic PLC shares are currently up about 1.9%, Redwood Trust Inc shares are up about 6%, and Broadcom Inc shares are up about 1.5% on the day.
|
Looking at the universe of stocks we cover at Dividend Channel, on 12/19/23, Medtronic PLC (Symbol: MDT), Redwood Trust Inc (Symbol: RWT), and Broadcom Inc (Symbol: AVGO) will all trade ex-dividend for their respective upcoming dividends. Medtronic PLC will pay its quarterly dividend of $0.69 on 1/12/24, Redwood Trust Inc will pay its quarterly dividend of $0.16 on 12/28/23, and Broadcom Inc will pay its quarterly dividend of $5.25 on 12/29/23. Medtronic PLC (Symbol: MDT): Redwood Trust Inc (Symbol: RWT): Broadcom Inc (Symbol: AVGO): In general, dividends are not always predictable, following the ups and downs of company profits over time.
|
Looking at the universe of stocks we cover at Dividend Channel, on 12/19/23, Medtronic PLC (Symbol: MDT), Redwood Trust Inc (Symbol: RWT), and Broadcom Inc (Symbol: AVGO) will all trade ex-dividend for their respective upcoming dividends. Medtronic PLC will pay its quarterly dividend of $0.69 on 1/12/24, Redwood Trust Inc will pay its quarterly dividend of $0.16 on 12/28/23, and Broadcom Inc will pay its quarterly dividend of $5.25 on 12/29/23. If they do continue, the current estimated yields on annualized basis would be 3.31% for Medtronic PLC, 8.22% for Redwood Trust Inc, and 1.90% for Broadcom Inc. Free Report: Top 8%+ Dividends (paid monthly) In Friday trading, Medtronic PLC shares are currently up about 1.9%, Redwood Trust Inc shares are up about 6%, and Broadcom Inc shares are up about 1.5% on the day.
|
As a percentage of MDT's recent stock price of $83.43, this dividend works out to approximately 0.83%, so look for shares of Medtronic PLC to trade 0.83% lower — all else being equal — when MDT shares open for trading on 12/19/23. Medtronic PLC (Symbol: MDT): Redwood Trust Inc (Symbol: RWT): Broadcom Inc (Symbol: AVGO): 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 3.31% for Medtronic PLC, 8.22% for Redwood Trust Inc, and 1.90% for Broadcom Inc. Free Report: Top 8%+ Dividends (paid monthly) In Friday trading, Medtronic PLC shares are currently up about 1.9%, Redwood Trust Inc shares are up about 6%, and Broadcom Inc shares are up about 1.5% on the day.
|
557878b7-7b1d-4b16-bc4d-4aa1f818d345
|
712906.0
|
2023-12-12 00:00:00 UTC
|
Keysight (KEYS) Validates Fortinet's NGFW Against DDoS Threats
|
DCOMP
|
https://www.nasdaq.com/articles/keysight-keys-validates-fortinets-ngfw-against-ddos-threats
|
nan
|
nan
|
Keysight Technologies KEYS announced that Fortinet opted for their APS-M8400 network cybersecurity test platform to assess the efficiency and reliability of its FortiGate 4800F next-generation firewall (NGFW) in combating large-scale distributed denial of service (DDoS) attacks.
Keysight’s platform is the industry's first 8-port 400GE Quad Small Form Factor Pluggable Double Density network security test platform. The platform is used to scrutinize the firewall's defense capabilities against hyperscale DDoS assaults and its ability to maintain carrier-grade performance.
The platform is aimed to address the escalating threat of cyber-attacks, particularly DDoS attacks on carrier networks, data centers, and service providers. In response to this surge in cyber threats, Fortinet developed the FortiGate 4800F NGFW, powered by 16 NP7 network processors. Fortinet has also sought validation through Keysight's APS-M8400 to ensure its effectiveness prior to deployment.
Keysight Technologies Inc. Price and Consensus
Keysight Technologies Inc. price-consensus-chart | Keysight Technologies Inc. Quote
Furthermore, the flexibility of the APS-M8400's interfaces allowed Fortinet to conduct comprehensive tests across various port configurations, demonstrating its compatibility with the FortiGate 4800F's supported port setups. Additionally, the platform's scalability facilitated the creation of a robust test environment capable of generating 3 Tbps of traffic.
The user-friendly management interface of the APS-M8400 streamlined the testing process, enabling easy configuration of resources and reducing overall test time and maintenance efforts for Fortinet, thereby allowing more focus on critical tasks.
Keysight is a leading provider of electronic design and test instrumentation systems. The rapid adoption of Internet of Things services, wireless devices, data centers and 5G technologies is increasing demand for electronics testing equipment.
In November, the company announced that Arbe, a prominent radar system maker, has opted to validate a 4D imaging radar chipset leveraging Keysight’s proprietary millimeter wave technology. The 4D radar chipsets are a significant advancement in radar systems for automotive use compared to legacy radar sensors.
Prior to that, the company announced that SWISSto12 had opted to leverage the Keysight Payload Test System to evaluate the RF payloads of the HummingSat telecommunications satellite, Intelsat 45. SWISSto12, a prominent satellite and RF payload manufacturer in Europe, is aiming to ensure that its small payload meets all performance parameters critical for the mission’s success, which is scheduled for 2026.
Keysight currently carries a Zacks Rank #4 (Sell). Shares of the company have lost 8.7% over the past year compared with the industry’s decline of 6.2%.
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks in the broader technology space are Pegasystems PEGA, Flex FLEX and Watts Water Technologies WTS. Pegasystems and Flex presently sport a Zacks Rank #1 (Strong Buy), whereas Watts Water Technologies carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Pegasystems’ 2023 earnings per share (EPS) has improved 21.2% in the past 60 days to $1.77. PEGA delivered an average earnings surprise of 1,250.2% in the trailing four quarters. Shares of PEGA have soared 51% in the past year.
The Zacks Consensus Estimate for Flex’s fiscal 2024 EPS has increased 3.6% in the past 60 days to $2.56. Flex’s long-term earnings growth rate is 12.4%.
Flex’s earnings outpaced the Zacks Consensus Estimate in each of the last four quarters, the average earnings surprise being 11%. Shares of the company have risen 19.8% in the past year.
The Zacks Consensus Estimate for Watts Water Technologies 2023 EPS has improved 2.8% in the past 60 days to $8.00. Watts Water’s long-term earnings growth rate is 7.8%.
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
Flex Ltd. (FLEX) : Free Stock Analysis Report
Watts Water Technologies, Inc. (WTS) : Free Stock Analysis Report
Pegasystems Inc. (PEGA) : Free Stock Analysis Report
Keysight Technologies Inc. (KEYS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Keysight Technologies KEYS announced that Fortinet opted for their APS-M8400 network cybersecurity test platform to assess the efficiency and reliability of its FortiGate 4800F next-generation firewall (NGFW) in combating large-scale distributed denial of service (DDoS) attacks. The platform is aimed to address the escalating threat of cyber-attacks, particularly DDoS attacks on carrier networks, data centers, and service providers. The rapid adoption of Internet of Things services, wireless devices, data centers and 5G technologies is increasing demand for electronics testing equipment.
|
In November, the company announced that Arbe, a prominent radar system maker, has opted to validate a 4D imaging radar chipset leveraging Keysight’s proprietary millimeter wave technology. Pegasystems and Flex presently sport a Zacks Rank #1 (Strong Buy), whereas Watts Water Technologies carries a Zacks Rank #2 (Buy). Click to get this free report Flex Ltd. (FLEX) : Free Stock Analysis Report Watts Water Technologies, Inc. (WTS) : Free Stock Analysis Report Pegasystems Inc. (PEGA) : Free Stock Analysis Report Keysight Technologies Inc. (KEYS) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Keysight Technologies Inc. Price and Consensus Keysight Technologies Inc. price-consensus-chart | Keysight Technologies Inc. Quote Furthermore, the flexibility of the APS-M8400's interfaces allowed Fortinet to conduct comprehensive tests across various port configurations, demonstrating its compatibility with the FortiGate 4800F's supported port setups. Image Source: Zacks Investment Research Stocks to Consider Some better-ranked stocks in the broader technology space are Pegasystems PEGA, Flex FLEX and Watts Water Technologies WTS. Click to get this free report Flex Ltd. (FLEX) : Free Stock Analysis Report Watts Water Technologies, Inc. (WTS) : Free Stock Analysis Report Pegasystems Inc. (PEGA) : Free Stock Analysis Report Keysight Technologies Inc. (KEYS) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Keysight Technologies KEYS announced that Fortinet opted for their APS-M8400 network cybersecurity test platform to assess the efficiency and reliability of its FortiGate 4800F next-generation firewall (NGFW) in combating large-scale distributed denial of service (DDoS) attacks. Prior to that, the company announced that SWISSto12 had opted to leverage the Keysight Payload Test System to evaluate the RF payloads of the HummingSat telecommunications satellite, Intelsat 45. Image Source: Zacks Investment Research Stocks to Consider Some better-ranked stocks in the broader technology space are Pegasystems PEGA, Flex FLEX and Watts Water Technologies WTS.
|
f1ece0e9-eace-422e-ac90-a2dc795a5d8f
|
712907.0
|
2023-12-12 00:00:00 UTC
|
Here's What to Expect From BlackBerry's (BB) Q3 Earnings
|
DCOMP
|
https://www.nasdaq.com/articles/heres-what-to-expect-from-blackberrys-bb-q3-earnings
|
nan
|
nan
|
BlackBerry BB is scheduled to report third-quarter fiscal 2024 results on Dec 20.
The Zacks Consensus Estimate is pegged at a loss of 1 cent per share, unchanged over the past 60 days. The company had reported a loss of 5 cents in the prior-year quarter.
In the last reported quarter, the company reported an adjusted loss per share of 4 cents. In the prior-year quarter, it incurred a non-GAAP loss of 5 cents. The Zacks Consensus Estimate was pegged at a loss of 2 cents.
Quarterly total revenues were $132 million compared with the prior quarter’s $168 million. The company’s revenues came in line with the Zacks Consensus Estimate.
BlackBerry Limited Price and EPS Surprise
BlackBerry Limited price-eps-surprise | BlackBerry Limited Quote
Factors to Note
The company’s performance in the third quarter is likely to have benefited from the uptake of QNX in the medical and industrial verticals apart from the automotive sector. In the last reported quarter, the company’s QNX platform secured 20 new design wins in Auto and seven in the General Embedded Market.
Rising demand for its cybersecurity solutions among government customers is likely to have boosted the top line. In November, the company announced a long-term software and services agreement with the Government of Malaysia to strengthen Malaysia's cybersecurity amid rising cyber-attacks.
In October, BlackBerry announced that the U.S. Department of Homeland Security has granted it a seven-year Indefinite Delivery, Indefinite Quantity contract. The contract aims to create and maintain a Super Enterprise for Personnel Emergency Notification System.
Also, the company announced significant advancements in Unified Endpoint Management (UEM), BlackBerry UEM at the edge and BlackBerry UEM for the Internet of Things (IoT). It will likely help to enhance productivity and security by bringing workloads closer to end users.
BlackBerry noted that the IoT business division is gaining from opportunities in a vast market, which is likely to benefit from multi-year secular trends. However, certain automakers are postponing software development programs and production schedules in the short term, which are headwinds.
Also, the Cybersecurity division has encountered prolonged sales cycles, particularly within the government sector. Also, delays in finalizing significant deals are anticipated to impact revenues recognized for the to-be-reported quarter.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for BlackBerry this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.
BlackBerry has an Earnings ESP of 0.00% and a Zacks Rank #2. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are some stocks that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this time around.
Micron Technology MU has an Earnings ESP of +0.63% and a Zacks Rank #3 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Micron Technology is scheduled to release first-quarter fiscal 2024 results on Dec 20. The Zacks Consensus Estimate for MU’s earnings per share (EPS) is pegged at a loss of $1.00. Shares of MU have gained 57.9% in the past year.
FedEx Corporation FDX has an Earnings ESP of +3.99% and a Zacks Rank #3 at present.
FedEx is scheduled to release second-quarter fiscal 2024 results on Dec 19. The Zacks Consensus Estimate for FDX’s EPS is pegged at $4.14. Shares of FDX have surged 61.4% in the past year.
Heico Corporation HEI has an Earnings ESP of +9.47% and a Zacks Rank #3 at present.
Heico is scheduled to release fourth-quarter results on Dec 18. The Zacks Consensus Estimate for HEI’s EPS is pegged at 70 cents. Shares of HEI have gained 19.6% in the past year.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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
Micron Technology, Inc. (MU) : Free Stock Analysis Report
FedEx Corporation (FDX) : Free Stock Analysis Report
Heico Corporation (HEI) : Free Stock Analysis Report
BlackBerry Limited (BB) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In the last reported quarter, the company’s QNX platform secured 20 new design wins in Auto and seven in the General Embedded Market. BlackBerry noted that the IoT business division is gaining from opportunities in a vast market, which is likely to benefit from multi-year secular trends. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
|
The Zacks Consensus Estimate is pegged at a loss of 1 cent per share, unchanged over the past 60 days. The Zacks Consensus Estimate for MU’s earnings per share (EPS) is pegged at a loss of $1.00. Click to get this free report Micron Technology, Inc. (MU) : Free Stock Analysis Report FedEx Corporation (FDX) : Free Stock Analysis Report Heico Corporation (HEI) : Free Stock Analysis Report BlackBerry Limited (BB) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
BlackBerry Limited Price and EPS Surprise BlackBerry Limited price-eps-surprise | BlackBerry Limited Quote Factors to Note The company’s performance in the third quarter is likely to have benefited from the uptake of QNX in the medical and industrial verticals apart from the automotive sector. The Zacks Consensus Estimate for MU’s earnings per share (EPS) is pegged at a loss of $1.00. Click to get this free report Micron Technology, Inc. (MU) : Free Stock Analysis Report FedEx Corporation (FDX) : Free Stock Analysis Report Heico Corporation (HEI) : Free Stock Analysis Report BlackBerry Limited (BB) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
In the last reported quarter, the company reported an adjusted loss per share of 4 cents. BlackBerry has an Earnings ESP of 0.00% and a Zacks Rank #2. The Zacks Consensus Estimate for MU’s earnings per share (EPS) is pegged at a loss of $1.00.
|
e828722c-6d12-4b6f-9cac-923f72975aac
|
712908.0
|
2023-12-12 00:00:00 UTC
|
Red Robin (RRGB) Up 57% in a Year: Will the Trend Continue?
|
DCOMP
|
https://www.nasdaq.com/articles/red-robin-rrgb-up-57-in-a-year%3A-will-the-trend-continue
|
nan
|
nan
|
Over the past year, Red Robin Gourmet Burgers, Inc. RRGB has demonstrated strong performance, with a notable gain of 56.5%, surpassing the industry's modest increase of 7.9%. The company is capitalizing on a robust loyalty program, digitalization, and innovative additions to its menu. However, high costs remain a concern for the company. Let’s delve deeper.
Growth Drivers
The company is gaining from the strong loyalty program. RRGB is focused on enhancing its ability to efficiently reach a broader audience through digital infrastructure and an omnichannel approach. On the third quarter of 2023earnings call the company stated that it is undergoing certain enhancements in its loyalty program, which is scheduled to launch in early 2024. The improvements will focus on its strategy of moving toward rewarding its loyal guests rather than concentrating on heavy discounting. The enhancements include its aim of delivering more relevant messaging to its more than 13 million members, transforming the program into a notable experience accompanied by acquiring new members to foster a new generation of Red Robin ambassadors.
Red Robin, too, has been investing more in technology and data infrastructure. Going forward, the company intends to collaborate with new third-party delivery partners and improve its digital platform through website enhancements and a new Red Robin mobile app. Backed by cost-effective channels, the initiatives are likely to boost operational execution, drive higher-order conversion and increase guests’ frequency and royalty participation.
Red Robin continues to focus on menu innovation to drive growth. Although the company has scaled down its menu from pre-pandemic levels, it has been witnessing positive customer feedback regarding its limited-time offer menu items complemented by everyday value that includes affordable prices, generous portions and signature bottomless sides and drinks. Going forward, the company intends to focus on creative recipes to drive higher checks and margins.
In October 2023, Red Robin gave its burgers gourmet status under the banner of Turn Up the YUMMM. In addition to this, it launched new entrees, appetizers, beverages and seasonal additions.
Image Source: Zacks Investment Research
Concerns
A decline in margin continues to hurt the company. Red Robin has been witnessing rising costs and expenses in recent quarters. Moreover, the company is investing heavily in several sales-building initiatives like advertising and technical upgrades, which will result in elevated costs. Remodeling, restaurant maintenance and staffing costs will also contribute to rising expenses.
During the third quarter of fiscal 2023, labor costs rose 3.2% year over year to $103.7 million, while as a percentage of restaurant revenues, the metric increased 240 basis points to 38%. The increase was primarily due to investments in hourly and management labor, payroll taxes, and incentive compensation, partially offset by group insurance. For fiscal 2023, the company anticipates commodity inflation to sequentially step down. For the same fiscal year, our model predicts labor costs to increase 5.1% to $463 million year over year.
Zacks Rank & Key Picks
Presently, Red Robin carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the Zacks Retail-Wholesale sector are:
Arcos Dorados Holdings Inc. ARCO currently sports a Zacks Rank #1 (Strong Buy). It has a trailing four-quarter earnings surprise of 28.3%, on average. The stock has gained 60% in the past year. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for ARCO’s 2023 sales and earnings per share (EPS) suggests a rise of 19.3% and 18.8%, respectively, from the year-ago period’s levels.
Abercrombie & Fitch Co. ANF flaunts a Zacks Rank #1 at present. It has a trailing four-quarter earnings surprise of 713%, on average. Shares of ANF have surged 259.8% in the past year.
The Zacks Consensus Estimate for ANF’s 2023 sales and EPS suggests increases of 12.8% and 2,088%, respectively, from the year-ago period’s levels.
Beacon Roofing Supply, Inc. BECN currently carries a Zacks Rank #2 (Buy). It has a trailing four-quarter earnings surprise of 11.1%, on average. Shares of BECN have gained 39.5% in the past year.
The Zacks Consensus Estimate for BECN’s 2023 sales and EPS indicates 7.2% and 8.2% growth, respectively, from the year-ago period’s levels.
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
Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report
Red Robin Gourmet Burgers, Inc. (RRGB) : Free Stock Analysis Report
Beacon Roofing Supply, Inc. (BECN) : Free Stock Analysis Report
Arcos Dorados Holdings Inc. (ARCO) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Over the past year, Red Robin Gourmet Burgers, Inc. RRGB has demonstrated strong performance, with a notable gain of 56.5%, surpassing the industry's modest increase of 7.9%. Going forward, the company intends to collaborate with new third-party delivery partners and improve its digital platform through website enhancements and a new Red Robin mobile app. Backed by cost-effective channels, the initiatives are likely to boost operational execution, drive higher-order conversion and increase guests’ frequency and royalty participation.
|
Over the past year, Red Robin Gourmet Burgers, Inc. RRGB has demonstrated strong performance, with a notable gain of 56.5%, surpassing the industry's modest increase of 7.9%. Zacks Rank & Key Picks Presently, Red Robin carries a Zacks Rank #3 (Hold). Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report Red Robin Gourmet Burgers, Inc. (RRGB) : Free Stock Analysis Report Beacon Roofing Supply, Inc. (BECN) : Free Stock Analysis Report Arcos Dorados Holdings Inc. (ARCO) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Zacks Rank & Key Picks Presently, Red Robin carries a Zacks Rank #3 (Hold). This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report Red Robin Gourmet Burgers, Inc. (RRGB) : Free Stock Analysis Report Beacon Roofing Supply, Inc. (BECN) : Free Stock Analysis Report Arcos Dorados Holdings Inc. (ARCO) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Red Robin continues to focus on menu innovation to drive growth. Image Source: Zacks Investment Research Concerns A decline in margin continues to hurt the company. The stock has gained 60% in the past year.
|
b53520c6-ff64-4d46-bbc1-860b75eaf986
|
712909.0
|
2023-12-12 00:00:00 UTC
|
D.R. Horton (DHI) Surges 71.3% in a Year: More Room to Run?
|
DCOMP
|
https://www.nasdaq.com/articles/d.r.-horton-dhi-surges-71.3-in-a-year%3A-more-room-to-run
|
nan
|
nan
|
The lack of existing homes for sale, improving mortgage rate scenario, along with Fed’s decision to keep the interest rate steady point to an increasingly optimistic for housing as we approach the New Year.
Among the industry bellwethers, D.R. Horton DHI has been reaping the benefits of the above-mentioned tailwind along with its solid acquisition strategies, increased homebuilding lots, decreasing cycle times and diverse product offerings across multiple brands and price points.
Shares of this Arlington, TX-based homebuilder have gained 71.3% over the past year compared with the Zacks Building Products - Home Builders industry’s 67.6% rise. This Zacks Rank #3 (Hold) stock has a long-term earnings growth rate of 12.2%, which highlights its inherent strength.
However, rising land/labor and material costs and competitive pricing pressure remain concerns. Nonetheless, the Zacks Consensus Estimate has witnessed an uptrend over the past 60 days as analysts raised their estimates, depicting optimism over the stock’s growth potential. Over the said time frame, the Zacks Consensus Estimate for fiscal 2024 earnings per share (EPS) has increased to $14.18 from $14.02.
Image Source: Zacks Investment Research
Let’s delve into the driving factors.
Strategic Acquisitions and Enhanced Investments in Real Estate: D.R. Horton's growth strategy places significant emphasis on accretive acquisitions. The company has been swiftly acquiring homebuilding entities in sought-after markets. Notably, during the fiscal fourth quarter of 2023, there were no reported acquisitions.
In July 2023, D.R. Horton successfully acquired the homebuilding operations of Truland Homes, operating in Baldwin County, Alabama, and Northwest Florida, for an approximate sum of $100 million in cash. The acquired assets encompass around 155 homes in inventory, 620 lots, and a sales order backlog of 55 homes. Additionally, the acquisition includes approximately 660 additional lots through land purchase contracts.
For fiscal 2023, the company's investments in homebuilding, including lots, land, and development, amounted to $8 billion for the quarter, reflecting a 6% year-over-year increase.
Improving Macro Scenario: The housing outlook is becoming more positive as we head into the New Year, with limited availability of existing homes for sale and improving mortgage rates. Notably, as the inflation rate displays indications of easing and the economy remains stable, the Federal Open Market Committee's unanimous decision to sustain the benchmark within a targeted range of 5.25%-5.5% offers stability for homebuilders. Furthermore, members of the Federal Open Market Committee have suggested the possibility of rate cuts in the upcoming year.
Affordable Homes: The company’s strategic shift toward more entry-level affordable homes has been paying off, with the segment experiencing strong demand and limited supply. First-time homebuyers represented 55% of its closings in fourth-quarter fiscal 2023. For first-quarter fiscal 2024 and the full fiscal year, our model predicts net sales orders to grow 33.4% to 17,857 units and 16.1% to 90,990 units, respectively, year over year.
Hurdles to Cross
Pressure on Margins: Escalating land and labor costs pose a threat to margins, constraining the pricing leverage of homebuilders. Labor shortages are resulting in increased wages, and limited availability is driving up land prices. Simultaneously, significant cost pressures from finished lots, skilled labor, and rising material costs (excluding lumber) may impact margins across all key regions.
In fiscal 2023, homebuilding Selling, General, and Administrative (SG&A) expenses saw a 2.4% year-over-year increase, with the SG&A expenses as a percentage of revenues reaching 7.1%, marking a 30 basis points (bps) rise from the previous year. For fiscal 2023, the consolidated pre-tax profit margin contracted 500 bps to 17.8% compared with the prior-year period. This decline is attributed to a 520 bps decrease in the home sales gross margin and a 30 bps increase in homebuilding SG&A expenses (as a percentage of revenues).
Better-Ranked Stocks From the Construction Sector
EMCOR Group, Inc. EME presently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
It has a trailing four-quarter earnings surprise of 25%, on average. Shares of EME have rallied 47.5% in the past year. The Zacks Consensus Estimate for EME’s 2023 sales and EPS indicates an improvement of 12% and 52.8%, respectively, from the prior-year 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 217.1% 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.
Willdan Group, Inc. WLDN currently sports a Zacks Rank of 1. WLDN delivered a trailing four-quarter earnings surprise of a whopping 850.6%, on average. The stock has gained 13% in the past year.
The Zacks Consensus Estimate for WLDN’s 2023 sales and EPS indicates growth of 14.1% and 47.7%, respectively, from a year ago.
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
EMCOR Group, Inc. (EME) : Free Stock Analysis Report
D.R. Horton, Inc. (DHI) : Free Stock Analysis Report
Willdan Group, Inc. (WLDN) : 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.
|
Horton DHI has been reaping the benefits of the above-mentioned tailwind along with its solid acquisition strategies, increased homebuilding lots, decreasing cycle times and diverse product offerings across multiple brands and price points. Shares of this Arlington, TX-based homebuilder have gained 71.3% over the past year compared with the Zacks Building Products - Home Builders industry’s 67.6% rise. Notably, as the inflation rate displays indications of easing and the economy remains stable, the Federal Open Market Committee's unanimous decision to sustain the benchmark within a targeted range of 5.25%-5.5% offers stability for homebuilders.
|
Horton DHI has been reaping the benefits of the above-mentioned tailwind along with its solid acquisition strategies, increased homebuilding lots, decreasing cycle times and diverse product offerings across multiple brands and price points. Click to get this free report EMCOR Group, Inc. (EME) : Free Stock Analysis Report D.R. Horton, Inc. (DHI) : Free Stock Analysis Report Willdan Group, Inc. (WLDN) : Free Stock Analysis Report M-tron Industries, Inc. (MPTI) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Shares of this Arlington, TX-based homebuilder have gained 71.3% over the past year compared with the Zacks Building Products - Home Builders industry’s 67.6% rise. For first-quarter fiscal 2024 and the full fiscal year, our model predicts net sales orders to grow 33.4% to 17,857 units and 16.1% to 90,990 units, respectively, year over year. Horton, Inc. (DHI) : Free Stock Analysis Report Willdan Group, Inc. (WLDN) : Free Stock Analysis Report M-tron Industries, Inc. (MPTI) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
The acquired assets encompass around 155 homes in inventory, 620 lots, and a sales order backlog of 55 homes. For fiscal 2023, the company's investments in homebuilding, including lots, land, and development, amounted to $8 billion for the quarter, reflecting a 6% year-over-year increase. M-tron Industries, Inc. MPTI currently sports a Zacks Rank of 1.
|
0f1af4c2-6f15-4e21-9858-3d2a1cb9d9f5
|
712910.0
|
2023-12-12 00:00:00 UTC
|
A Bull Market Is Coming: 2 Bargain Stocks Down 69% to Buy Right Now
|
DCOMP
|
https://www.nasdaq.com/articles/a-bull-market-is-coming%3A-2-bargain-stocks-down-69-to-buy-right-now
|
nan
|
nan
|
The stock market was recently a difficult place to be for yesteryear's high-growth market darlings. Yet every downturn in history has been followed by another upswing, and the next bull market is either around the corner or already underway.
You know the old adage about buying low and selling high, right? Well, the days of deeply discounted growth stocks may soon be behind us. This is a good time to dive into the bargain-priced side of Wall Street, hoping to snag some great companies while their stocks are cheap.
On that note, two Motley Fool tech contributors have selected their best ideas for buying the dip in December 2023. Read on for the full analysis.
Don't worry; Roku is in full control of this swan dive
Anders Bylund: Media-streaming platform developer Roku (NASDAQ: ROKU) holds a unique position in the entertainment industry these days. It's a market-defining innovator, heading into a massiveglobal marketwith years of stellar growth ahead -- and the stock is an absolute bargain.
Why is Roku's stock such a hidden gem in an entertainment world where streaming is king? It's high time to take advantage of this red-tag sale before the market comes to its senses.
The company created its own target market more than a decade ago, when it was the hardware division of Netflix in its early exploration of digital streams. It still dominates the space, claiming a 51%global marketshare of connected TV advertising and 49% of North American streaming devices, according to Pixalate and Muvi reports. And streaming video is replacing old-school cable, satellite, and broadcast TV everywhere as the cord-cutting trend heats up. It's still early, leaving lots of market space to steal in the coming years.
Yet market makers largely left Roku for dead in recent years. The golden age of streaming growth in the early part of the coronavirus pandemic was followed by slower growth amid a rickety global economy. In particular, Roku bears saw advertising dollars fading out due to low interest in large marketing campaigns when consumers held their wallets in a nervous iron grip.
Critics saw these challenges pile up and Roku's stock price dropped as much as 82% below the 2021 all-time record price. Even now, after a spirited comeback in 2023, Roku still trades 79.3% below those (admittedly lofty) peaks.
Roku's stock can deliver game-changing returns without climbing all the way back to the fading record price. And I see no reason why this company won't thrive in 2024 and beyond.
You see, much of the financial pain Roku recently suffered was under the company's direct control. Management saw rivals raising prices on their hardware, software, and services to protect their profit margins in an inflationary market -- and refused to follow suit.
By holding prices steady instead, Roku became an anti-inflationary alternative and boosted its user count from 56.4 million names in the fall of 2021 to 75.8 million users two years later. That's a 34% increase. I think it was well worth two years of falling bottom-line profits, and this user-friendly move speaks volumes about Roku's strict focus on sustainable long-term growth. Moreover, the company continued to collect cash profits during this difficult period, and used some of it to pay off the last remnants of its long-term debt.
So Roku is still an incredible growth story with plenty of untapped growth opportunity, and the stock looks like a high-growth wolf in a midrange value investment sheep's clothing. The next bull market should boost Roku's global expansion effort while restoring the digital advertising opportunity to full health.
As I said earlier, this stock shouldn't be cheap for much longer. This is the time to add Roku to your portfolio, if you're into innovative and user-friendly media companies whose stocks are in Wall Street's bargain bins today.
Roblox has turned a corner and could skyrocket
Keith Noonan: Roblox (NYSE: RBLX) operates a platform that allows users to participate in thousands of different games and social activities. The service also allows users to create their own games, events, characters, costumes, and other content.
Even better, users can actually monetize the content they make within the Roblox world and earn some serious money for their creations. Developers on the platform have earned roughly $590 million across this year's first three quarters -- up roughly 33.5% year over year.
Thanks to the incentive structure that the company has put in place, new content is being added to the Roblox platform all the time. This means that a steady flow of new games, social events, and other experiences is available for players, and it helps to keep engagement levels high and attract new users to the platform.
The company closed out the period with 70.2 million average daily active users -- a new all-time best for the platform and up 20% compared to last year's quarter. With average bookings per daily user holding steady at $11.96, Roblox managed to sustain impressive levels of monetization even with a sizable influx of new players joining the platform. Meanwhile, revenue jumped 38% year over year to reach $713.2 million in Q3.
After posting some uneven business performance as it navigated pandemic-related trends, Roblox is back to recording awe-inspiring levels of growth. Even more promising, the company is still in the early stages of taking advantage of some potentially massive opportunities in digital advertising and generative artificial intelligence.
With the stock still trading down 68.5% from its high, Roblox has the potential to deliver massive wins for long-term investors.
Should you invest $1,000 in Roblox right now?
Before you buy stock in Roblox, 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 Roblox 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
Anders Bylund has positions in Netflix and Roku. Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Netflix, Roblox, and Roku. 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.
|
In particular, Roku bears saw advertising dollars fading out due to low interest in large marketing campaigns when consumers held their wallets in a nervous iron grip. Management saw rivals raising prices on their hardware, software, and services to protect their profit margins in an inflationary market -- and refused to follow suit. With average bookings per daily user holding steady at $11.96, Roblox managed to sustain impressive levels of monetization even with a sizable influx of new players joining the platform.
|
Don't worry; Roku is in full control of this swan dive Anders Bylund: Media-streaming platform developer Roku (NASDAQ: ROKU) holds a unique position in the entertainment industry these days. With average bookings per daily user holding steady at $11.96, Roblox managed to sustain impressive levels of monetization even with a sizable influx of new players joining the platform. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Anders Bylund has positions in Netflix and Roku.
|
Don't worry; Roku is in full control of this swan dive Anders Bylund: Media-streaming platform developer Roku (NASDAQ: ROKU) holds a unique position in the entertainment industry these days. Before you buy stock in Roblox, 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 Roblox wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Anders Bylund has positions in Netflix and Roku.
|
The next bull market should boost Roku's global expansion effort while restoring the digital advertising opportunity to full health. Before you buy stock in Roblox, 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 Roblox wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Anders Bylund has positions in Netflix and Roku.
|
1266c422-71a9-41af-835e-253babd4030d
|
712911.0
|
2023-12-12 00:00:00 UTC
|
This Promising Small-Cap Biotech Stock Could Rise 70%, According to Wall Street
|
DCOMP
|
https://www.nasdaq.com/articles/this-promising-small-cap-biotech-stock-could-rise-70-according-to-wall-street
|
nan
|
nan
|
Investing in small-cap stocks comes with inherent risks. These stocks are, after all, fairly small in size because they are relatively unproven businesses. Often, they aren't profitable or even generating revenue, which can normally be the case when it comes to biotech stocks.
Vera Therapeutics (NASDAQ: VERA) is a biotech stock that falls into that category. With a market capitalization of roughly $600 million, the small-cap stock has a lot of potential to get bigger. According to the analyst consensus price target of $23.20, the stock could rise by as much as 70% based on where it trades at today.
Are analysts right about this stock? Is this a potential steal of a deal right now, or is there too much risk?
What has analysts so bullish on Vera?
Vera is a clinical stage biotech company, which means the company has no approved products it can sell today. That's generally par for the course for small biotech stocks. If and when one of their drug candidates obtains approval from the U.S. Food and Drug Administration, that's when shares of biotech companies can sometimes go parabolic. At least, that's what investors hope.
The hopes for Vera's stock center around a key asset that could provide the company with some promising growth opportunities: atacicept, a fusion protein which aims to reduce autoantibodies, which can cause to damage to human organs. The company is in the process of beginning phase 3 trials. Researchers are testing to see if it can be an effective treatment for Immunoglobulin A Nephropathy (IgAN), also known as Berger's disease, which is a kidney disorder. It happens when there is too much of the IgA protein in the kidneys. It's a rare but serious disease that can lead to kidney failure. The potential market opportunity for novel IgAN therapeutics could be worth up to $10 billion annually, based on U.S., European, and Japanese markets.
However, investors may not see the company generate any revenue from the drug for multiple years. Assuming all goes well, Vera expects that atacicept may launch by 2026.
The company touts a strong balance sheet
A key thing for biotech investors to always consider is how much cash a company has, and how well-funded its operations are. That's because if a company doesn't have much cash on its books, dilution could be a significant risk for investors.
Vera says that between its credit and available cash position, it has enough runway to fund its operations until early 2026 -- right around the time atacicept may potentially hit the markets. This is assuming, of course, that all goes well. As of the end of September, the company had just under $160 million in cash and marketable securities on its books. And over the past nine months, Vera has burned through $67 million in cash from its day-to-day operating activities.
As the company progresses through late-stage trials, its costs and cash burn could accelerate. Note that the company has needed to resort to stock offerings in the past, with its share count doubling in just two years.
VERA Shares Outstanding data by YCharts
The risk for investors is that if there's a hiccup along the way and results for atacicept's clinical trials prove to be underwhelming, that could send the share price down. And if Vera needs to issue shares, it will potentially need to issue more than it otherwise would at a higher price. For cash-burning businesses, there's the risk that things can quickly go from bad from worse, as a declining share price and a need for stock offerings can lead to a downward spiral for a stock.
While the company is confident that it has the liquidity it needs to get to 2026, investors should brace for the very real possibility that that won't turn out to be the case.
Should you invest in Vera Therapeutics?
Vera Therapeutics would be worth $1 billion if it hit the consensus analyst price target. That isn't an unreasonable valuation if the business does end up obtaining approval for atacicept. But the best-case scenario is still a couple of years away. And within the past 52 weeks, the stock has fluctuated wildly between a low of $5.20 and a high of $21.02.
For risk-averse investors and those who aren't comfortable with a potential roller-coaster ride, it's better to sit this investment opportunity out and pursue other growth stocks right now. Vera is far too risky a stock to take a chance on at this stage.
Should you invest $1,000 in Vera Therapeutics right now?
Before you buy stock in Vera Therapeutics, 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 Vera Therapeutics 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
David Jagielski 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.
|
The hopes for Vera's stock center around a key asset that could provide the company with some promising growth opportunities: atacicept, a fusion protein which aims to reduce autoantibodies, which can cause to damage to human organs. Vera says that between its credit and available cash position, it has enough runway to fund its operations until early 2026 -- right around the time atacicept may potentially hit the markets. For risk-averse investors and those who aren't comfortable with a potential roller-coaster ride, it's better to sit this investment opportunity out and pursue other growth stocks right now.
|
Vera Therapeutics (NASDAQ: VERA) is a biotech stock that falls into that category. Vera Therapeutics would be worth $1 billion if it hit the consensus analyst price target. Before you buy stock in Vera Therapeutics, 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 Vera Therapeutics wasn't one of them.
|
Vera Therapeutics (NASDAQ: VERA) is a biotech stock that falls into that category. Before you buy stock in Vera Therapeutics, 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 Vera Therapeutics wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 David Jagielski has no position in any of the stocks mentioned.
|
Vera Therapeutics (NASDAQ: VERA) is a biotech stock that falls into that category. For cash-burning businesses, there's the risk that things can quickly go from bad from worse, as a declining share price and a need for stock offerings can lead to a downward spiral for a stock. Before you buy stock in Vera Therapeutics, 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 Vera Therapeutics wasn't one of them.
|
19b8b7d5-ddb9-49fd-bd7c-56869e0563b2
|
712912.0
|
2023-12-12 00:00:00 UTC
|
Here's Why You Should Retain Catalent (CTLT) Stock for Now
|
DCOMP
|
https://www.nasdaq.com/articles/heres-why-you-should-retain-catalent-ctlt-stock-for-now-2
|
nan
|
nan
|
Catalent, Inc. CTLT is well-poised for growth in the coming quarters, courtesy of strength in its products and services portfolio. The optimism led by its preliminary first-quarter fiscal 2024 performance, along with its technology foundation, is expected to contribute further. Catalent’s operation in a competitive landscape and customer dependency pose threats.
Over the past year, this Zacks Rank #3 (Hold) stock has lost 6.6% against 1.2% growth of the industry and 22.9% rise of the S&P 500.
The renowned global developer and supplier of better treatments has a market capitalization of $7.47 billion. Catalent projects 27.8% growth for the next five years and expects to maintain its strong performance. CTLT’s earnings surpassed the Zacks Consensus Estimate in two of the trailing four quarters and missed in the other two, the average earnings surprise being 9.2%.
Image Source: Zacks Investment Research
Let’s delve deeper.
Products and Services: We are upbeat about Catalent’s product and service launches over the past few months. On the preliminary first-quarter fiscal 2024earnings call Catalent’s management stated that its non-COVID non-Sarepta Biologics business is expected to grow in the low- to mid-teens in fiscal 2024 as the company launches GLP-1 production and bring on incremental capacity and improve productivity.
In June, the company announced that it had expanded its integrated development, manufacturing and supply solution, OneBio Suite, across a range of biologic modalities, including antibody and recombinant proteins, cell and gene therapies and mRNA.
Technology Foundation: Catalent is equipped with broad and diverse technology platforms that are supported by extensive know-how and nearly 1,300 patents and patent applications worldwide across advanced delivery technologies, drug and biologics formulation, and manufacturing, buoying our optimism. Its leading softgel platforms and modified release technologies provide formulation expertise to solve complex delivery challenges for its customers. Catalent offers advanced technologies for the delivery of small molecules and biologics via respiratory, ophthalmic and injectable routes, including the blow-fill-seal unit dose technology and prefilled syringes.
Strong Q1 Results: Catalent’s preliminary first-quarter fiscal 2024 results buoy optimism. The company registered a year-over-year improvement in the Pharma and Consumer Health segment and the Biologics segment’s non-COVID revenues. Management’s confirmation regarding Catalent’s strength in its non-COVID Biologics portfolio and continued progress in improving its operational performance raise our optimism.
Downsides
Customer Dependency: Catalent’s customers are engaged in the research, development, production and marketing of pharmaceutical, biotechnology and consumer health products. The amount of customer spending on these activities and the outcomes of such activities have a large impact on Catalent’s sales and profitability. Available resources, the need to develop new products and consolidation in the industries in which its customers operate may have an impact on such spending.
Stiff Competition: Catalent operates in a highly competitive market, wherein it competes with multiple companies, including those offering advanced delivery technologies and outsourced dose form or biologics manufacturing. The company also competes in some cases with the internal operations of pharmaceutical, biotechnology and consumer health customers with manufacturing capabilities and chooses to source these services internally.
Estimate Trend
Catalent has been witnessing a negative estimate revision trend for fiscal 2024. In the past 90 days, the Zacks Consensus Estimate for its earnings has moved 10.9% south to 73 cents.
The Zacks Consensus Estimate for the company’s second-quarter fiscal 2024 revenues is pegged at $1.01 billion, suggesting an 11.7% decline from the year-ago quarter’s 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 48% compared with the industry’s 10.1% 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 gained 7.4% compared with the industry’s 2.8% rise 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 54.4% compared with the industry’s 2.8% rise 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
DaVita Inc. (DVA) : Free Stock Analysis Report
DexCom, Inc. (DXCM) : Free Stock Analysis Report
Catalent, Inc. (CTLT) : 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.
|
In June, the company announced that it had expanded its integrated development, manufacturing and supply solution, OneBio Suite, across a range of biologic modalities, including antibody and recombinant proteins, cell and gene therapies and mRNA. The Zacks Consensus Estimate for the company’s second-quarter fiscal 2024 revenues is pegged at $1.01 billion, suggesting an 11.7% decline from the year-ago quarter’s 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.
|
Strong Q1 Results: Catalent’s preliminary first-quarter fiscal 2024 results buoy optimism. Stiff Competition: Catalent operates in a highly competitive market, wherein it competes with multiple companies, including those offering advanced delivery technologies and outsourced dose form or biologics manufacturing. Click to get this free report DaVita Inc. (DVA) : Free Stock Analysis Report DexCom, Inc. (DXCM) : Free Stock Analysis Report Catalent, Inc. (CTLT) : Free Stock Analysis Report Integer Holdings Corporation (ITGR) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
On the preliminary first-quarter fiscal 2024earnings call Catalent’s management stated that its non-COVID non-Sarepta Biologics business is expected to grow in the low- to mid-teens in fiscal 2024 as the company launches GLP-1 production and bring on incremental capacity and improve productivity. Downsides Customer Dependency: Catalent’s customers are engaged in the research, development, production and marketing of pharmaceutical, biotechnology and consumer health products. Click to get this free report DaVita Inc. (DVA) : Free Stock Analysis Report DexCom, Inc. (DXCM) : Free Stock Analysis Report Catalent, Inc. (CTLT) : Free Stock Analysis Report Integer Holdings Corporation (ITGR) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Over the past year, this Zacks Rank #3 (Hold) stock has lost 6.6% against 1.2% growth of the industry and 22.9% rise of the S&P 500. Downsides Customer Dependency: Catalent’s customers are engaged in the research, development, production and marketing of pharmaceutical, biotechnology and consumer health products. Stiff Competition: Catalent operates in a highly competitive market, wherein it competes with multiple companies, including those offering advanced delivery technologies and outsourced dose form or biologics manufacturing.
|
559ca8c5-1932-469e-bb72-21bea5399a68
|
712913.0
|
2023-12-12 00:00:00 UTC
|
Reneo (RPHM) Plummets 83% on Failure of Metabolic Disorder Study
|
DCOMP
|
https://www.nasdaq.com/articles/reneo-rphm-plummets-83-on-failure-of-metabolic-disorder-study
|
nan
|
nan
|
Reneo Pharmaceuticals RPHM, a clinical-stage company, announced the failure of the mid-stage pivotal STRIDE study of its investigational candidate, mavodelpar (REN001), to treat primary mitochondrial myopathies (PMM) in adult patients.
Per the data readout from the phase IIb STRIDE study, treatment with mavodelpar did not meet primary or secondary efficacy endpoints.
Based on this undesirable outcome, Reneo has decided to implement immediate cost-saving initiatives, which include the abandonment of all mavodelpar development activities. The company will also be slashing its workforce by approximately 70% under its cost-saving initiative.
Reneo reported having more than $100 million in cash, cash equivalents, and short-term investments in its balance sheet, which indicates that the company might fall short of cash to continue its operations in the absence of any additional funding.
Reneo’s stock nose-dived 82.7% on Dec 14, 2023, in response to the discouraging news. Year to date, shares of RPHM have plunged 42.5% compared with the industry’s 16.2% decline.
Image Source: Zacks Investment Research
Reneo’s mavodelpar is a potent and selective PPARδ agonist that is being studied to treat rare genetic mitochondrial diseases.
The pivotal phase IIb STRIDE study evaluated the safety and efficacy of 100 mg mavodelpar administered once daily in adult patients with PMM due to mitochondrial DNA (mDNA) defects over 24 weeks. The primary efficacy endpoint of the study was the change from baseline in the distance walked during the 12-minute walk test at week 24.
The secondary efficacy endpoint of the STRIDE study was the change from baseline in the PROMIS Short Form Fatigue 13a score, along with several other exploratory endpoints.
Reneo was also evaluating mavodelpar in an open-label extension (OLE) STRIDE AHEAD study to evaluate the long-term safety and tolerability of 100 mg mavodelpar administered once daily in adult patients with PMM due to both mitochondrial and nuclear DNA (nDNA) defects over 24 months. The OLE study has now been discontinued as part of the company’s cost-saving initiatives.
PMM is a group of rare genetic metabolic disorders caused by mutations or deletions in the mtDNA or nDNA. PMM takes a serious toll on the quality of life of the patients and ranges in severity from progressive weakness to death.
Reneo was also evaluating mavodelpar for an additional indication to treat patients with long-chain fatty acid oxidation disorders caused by deletions or mutations in nDNA. This program also stands abandoned, per the company’s press release.
The discontinuation of the entire mavodelpar development program and the absence of any other investigational candidates in its pipeline paves the way for Reneo Pharma to go belly-up shortly.
Reneo Pharmaceuticals, Inc. Price and Consensus
Reneo Pharmaceuticals, Inc. price-consensus-chart | Reneo Pharmaceuticals, Inc. Quote
Zacks Rank and Stocks to Consider
Reneo currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks worth mentioning are Puma Biotechnology, Inc. PBYI, ADMA Biologics ADMA and Agenus AGEN. While PBYI sports a Zacks Rank #1 (Strong Buy), ADMA and AGEN carry a Zacks Rank #2 (Buy) each 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 Biotech’s 2023 earnings per share (EPS) has remained constant at 72 cents. During the same time frame, the consensus estimate for Puma Biotech’s 2024 EPS has increased from 62 cents to 64 cents. In the year so far, shares of PBYI have lost 7.8%.
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%.
In the past 30 days, the Zacks Consensus Estimate for ADMA Biologics’ 2023 loss per share has remained constant at 3 cents. The consensus estimate for ADMA Biologics’ 2024 EPS is pegged at 16 cents. In the year so far, shares of ADMA have gained 3.6%.
ADMA beat estimates in three of the trailing four quarters and matched in one, delivering an average earnings surprise of 63.57%.
In the past 30 days, the Zacks Consensus Estimate for Agenus’ 2023 loss per share has remained constant at 63 cents. During the same time frame, the consensus estimate for Agenus’ 2024 loss per share has remained constant at 45 cents. In the year so far, shares of AGEN have plunged 68.3%.
AGEN beat estimates in one of the trailing four quarters, matching in one and missing the mark on the other two occasions, delivering an average earnings surprise of 0.49%.
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
Agenus Inc. (AGEN) : Free Stock Analysis Report
Puma Biotechnology, Inc. (PBYI) : Free Stock Analysis Report
ADMA Biologics Inc (ADMA) : Free Stock Analysis Report
Reneo Pharmaceuticals, Inc. (RPHM) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Reneo Pharmaceuticals RPHM, a clinical-stage company, announced the failure of the mid-stage pivotal STRIDE study of its investigational candidate, mavodelpar (REN001), to treat primary mitochondrial myopathies (PMM) in adult patients. Image Source: Zacks Investment Research Reneo’s mavodelpar is a potent and selective PPARδ agonist that is being studied to treat rare genetic mitochondrial diseases. The pivotal phase IIb STRIDE study evaluated the safety and efficacy of 100 mg mavodelpar administered once daily in adult patients with PMM due to mitochondrial DNA (mDNA) defects over 24 weeks.
|
The pivotal phase IIb STRIDE study evaluated the safety and efficacy of 100 mg mavodelpar administered once daily in adult patients with PMM due to mitochondrial DNA (mDNA) defects over 24 weeks. Reneo was also evaluating mavodelpar in an open-label extension (OLE) STRIDE AHEAD study to evaluate the long-term safety and tolerability of 100 mg mavodelpar administered once daily in adult patients with PMM due to both mitochondrial and nuclear DNA (nDNA) defects over 24 months. Click to get this free report Agenus Inc. (AGEN) : Free Stock Analysis Report Puma Biotechnology, Inc. (PBYI) : Free Stock Analysis Report ADMA Biologics Inc (ADMA) : Free Stock Analysis Report Reneo Pharmaceuticals, Inc. (RPHM) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Reneo was also evaluating mavodelpar in an open-label extension (OLE) STRIDE AHEAD study to evaluate the long-term safety and tolerability of 100 mg mavodelpar administered once daily in adult patients with PMM due to both mitochondrial and nuclear DNA (nDNA) defects over 24 months. Reneo Pharmaceuticals, Inc. Price and Consensus Reneo Pharmaceuticals, Inc. price-consensus-chart | Reneo Pharmaceuticals, Inc. Quote Zacks Rank and Stocks to Consider Reneo currently carries a Zacks Rank #3 (Hold). Click to get this free report Agenus Inc. (AGEN) : Free Stock Analysis Report Puma Biotechnology, Inc. (PBYI) : Free Stock Analysis Report ADMA Biologics Inc (ADMA) : Free Stock Analysis Report Reneo Pharmaceuticals, Inc. (RPHM) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Reneo Pharmaceuticals RPHM, a clinical-stage company, announced the failure of the mid-stage pivotal STRIDE study of its investigational candidate, mavodelpar (REN001), to treat primary mitochondrial myopathies (PMM) in adult patients. Reneo Pharmaceuticals, Inc. Price and Consensus Reneo Pharmaceuticals, Inc. price-consensus-chart | Reneo Pharmaceuticals, Inc. Quote Zacks Rank and Stocks to Consider Reneo currently carries a Zacks Rank #3 (Hold). In the past 30 days, the Zacks Consensus Estimate for Puma Biotech’s 2023 earnings per share (EPS) has remained constant at 72 cents.
|
9dcc95cf-9017-478f-9f72-983232f087e0
|
712914.0
|
2023-12-12 00:00:00 UTC
|
Dow Movers: UNH, INTC
|
DCOMP
|
https://www.nasdaq.com/articles/dow-movers%3A-unh-intc-1
|
nan
|
nan
|
In early trading on Friday, shares of Intel topped the list of the day's best performing Dow Jones Industrial Average components, trading up 1.7%. Year to date, Intel registers a 73.9% gain.
And the worst performing Dow component thus far on the day is UnitedHealth Group, trading down 1.3%. UnitedHealth Group is lower by about 0.5% looking at the year to date performance.
Two other components making moves today are Johnson & Johnson, trading down 1.2%, and Microsoft, trading up 1.3% on the day.
VIDEO: Dow Movers: UNH, INTC
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In early trading on Friday, shares of Intel topped the list of the day's best performing Dow Jones Industrial Average components, trading up 1.7%. And the worst performing Dow component thus far on the day is UnitedHealth Group, trading down 1.3%. UnitedHealth Group is lower by about 0.5% looking at the year to date performance.
|
In early trading on Friday, shares of Intel topped the list of the day's best performing Dow Jones Industrial Average components, trading up 1.7%. And the worst performing Dow component thus far on the day is UnitedHealth Group, trading down 1.3%. Two other components making moves today are Johnson & Johnson, trading down 1.2%, and Microsoft, trading up 1.3% on the day.
|
In early trading on Friday, shares of Intel topped the list of the day's best performing Dow Jones Industrial Average components, trading up 1.7%. And the worst performing Dow component thus far on the day is UnitedHealth Group, trading down 1.3%. Two other components making moves today are Johnson & Johnson, trading down 1.2%, and Microsoft, trading up 1.3% on the day.
|
And the worst performing Dow component thus far on the day is UnitedHealth Group, trading down 1.3%. UnitedHealth Group is lower by about 0.5% looking at the year to date performance. VIDEO: Dow Movers: UNH, INTC The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
a0495c66-4e8f-4746-8500-526078156e2d
|
712915.0
|
2023-12-12 00:00:00 UTC
|
Cal-Maine Foods (CALM) Reports Avian Influenza at Kansas Site
|
DCOMP
|
https://www.nasdaq.com/articles/cal-maine-foods-calm-reports-avian-influenza-at-kansas-site
|
nan
|
nan
|
Cal-Maine Foods CALM reported that the highly pathogenic avian influenza (HPAI) has been detected at one of its Kansas facilities, affecting around 684,000 laying hens (equivalent to 1.6% of its total flock). The announcement has raised worries about the possibility of another avian influenza outbreak causing a surge in egg prices, thus resulting in a 9% uptick in CALM's share price.
Following the United States Department of Agriculture ("USDA") protocols, Cal-Maine Foods has temporarily ceased production at the facility. Meanwhile, it is trying to secure production from other facilities to maintain supply to its customers. The company assured that there have been no positive tests for HPAI at any of its other facilities.
According to the USDA, this incident is not a matter of immediate public health concern and is not a threat to the food supply. The eggs that are currently in the market carry no known risk associated with HPAI, and no recalls have been announced yet.
HPAI had struck egg-laying hens throughout 2022. The impact was spread across two waves, from February to June, which impacted around 30.7 million hens, and from September to December (12.6 million hens). Due to the constrained supplies, wholesale egg prices had spiked.
This was evident in Cal-Maine Foods’ fiscal 2023 (ended June 3, 2023) results, with the company reporting net sales of $3.1 billion, which marked a 77% improvement year over year. Earnings per share surged 471% year over year to $15.52 in fiscal 2023.
Conventional egg net average selling price per dozen was $2.739 for fiscal 2023, which was up 93% year over year. However, the company noted that conventional egg selling prices declined 3% year over year to $2.038 per dozen in the fourth quarter of fiscal 2023 as the egg industry began to recover from the effects of HPAI.
In the first quarter of 2024 (ended Sep 2, 2023), CalMaine Foods reported conventional egg net average selling price per dozen at $1.241, which was down 48% compared with $2.368 in the year-ago quarter. CALM witnessed a 30% year-over-year plunge in sales to $459 million in the quarter. The company had reported an exceptionally strong first-quarter 2023 sales of $658 million. Adjusted earnings per share were 2 cents in first-quarter fiscal 2024, which marked a 99% slump from the year-ago quarter.
Cal-Maine Foods continues to maintain robust biosecurity programs across all its locations, and strict protocols have been implemented to prevent the spread from the Kansas facility to other locations. In the event of a potential outbreak, the resultant impact on the egg supply could lead to increased egg prices again, potentially benefiting Cal-Maine's financial results.
Price Performance
CALM shares have declined 5.3% in the past year against the industry’s 6.2% growth.
Image Source: Zacks Investment Research
Zacks Rank & Stocks to Consider
CalMaine currently carries a Zacks Rank #4 (Sell).
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. While AXTA sports a Zacks Rank #1 (Strong Buy), USAP and AGI each 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 per share, indicating a year-over-year surge of 89.3%. AGI beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 25.6%. The company’s shares have surged 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
Cal-Maine Foods, Inc. (CALM) : 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.
|
Cal-Maine Foods CALM reported that the highly pathogenic avian influenza (HPAI) has been detected at one of its Kansas facilities, affecting around 684,000 laying hens (equivalent to 1.6% of its total flock). Following the United States Department of Agriculture ("USDA") protocols, Cal-Maine Foods has temporarily ceased production at the facility. 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.
|
In the first quarter of 2024 (ended Sep 2, 2023), CalMaine Foods reported conventional egg net average selling price per dozen at $1.241, which was down 48% compared with $2.368 in the year-ago quarter. 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 Cal-Maine Foods, Inc. (CALM) : 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.
|
However, the company noted that conventional egg selling prices declined 3% year over year to $2.038 per dozen in the fourth quarter of fiscal 2023 as the egg industry began to recover from the effects of HPAI. Image Source: Zacks Investment Research Zacks Rank & Stocks to Consider CalMaine currently carries a Zacks Rank #4 (Sell). Click to get this free report Cal-Maine Foods, Inc. (CALM) : 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.
|
Earnings per share surged 471% year over year to $15.52 in fiscal 2023. Image Source: Zacks Investment Research Zacks Rank & Stocks to Consider CalMaine currently carries a Zacks Rank #4 (Sell). The company’s shares have surged 46% in the past year.
|
8ec4b939-63e4-409a-935b-da69a226acca
|
712916.0
|
2023-12-12 00:00:00 UTC
|
Is On Holding Stock Going to $40? 1 Wall Street Analyst Thinks So
|
DCOMP
|
https://www.nasdaq.com/articles/is-on-holding-stock-going-to-%2440-1-wall-street-analyst-thinks-so
|
nan
|
nan
|
Shares of running-shoe company On Holding (NYSE: ONON) are having quite a year, rising 78% year to date as of this writing. But one Wall Street analyst sees even more upside ahead.
Stifel analyst Jim Duffy recently raised his price target for On stock to $40 per share, according to WallStreetZen. This implies about 30% additional upside for investors.
What do analysts see in On?
Duffy sees opportunity for On to grow its revenue and to become more profitable. And to his point, the company is clearly doing both right now, as the chart below shows.
ONON Revenue (Quarterly YoY Growth) data by YCharts
For 2023, On's management expects to grow net sales by 46%. What's impressive about this growth is that much of its business is direct-to-consumer, despite its being a relatively obscure brand. And with On gaining greater representation in the running community, this brand is becoming better known, which could continue to drive direct-to-consumer sales.
Direct-to-consumer sales have better profits than On's wholesale channels. Therefore, growth in this area could lead to the better profitability that Duffy predicts. It's a big reason why the company's operating income has basically doubled in 2023 compared with the same period of 2022.
I personally agree with the premise of Duffy's argument -- On is poised for growth and improvements on profitability. The only cautionary note that I'd add is that On does trade at a premium price, especially for a shoe stock. Those who buy shares today aren't necessarily getting a good deal; rather, they're betting that On can become one of the largest shoe brands in the world over the next decade or so.
That could indeed happen for On -- management expects to double sales from 2023 through 2026 alone, which would be spectacular. But investors will want to make sure they've adequately considered what could happen to the stock if long-term growth falls short of expectations.
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 S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 11, 2023
Jon Quast has no position in any of the stocks mentioned. The Motley Fool 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.
|
Stifel analyst Jim Duffy recently raised his price target for On stock to $40 per share, according to WallStreetZen. ONON Revenue (Quarterly YoY Growth) data by YCharts For 2023, On's management expects to grow net sales by 46%. Those who buy shares today aren't necessarily getting a good deal; rather, they're betting that On can become one of the largest shoe brands in the world over the next decade or so.
|
That could indeed happen for On -- management expects to double sales from 2023 through 2026 alone, which would be spectacular. 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. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Jon Quast has no position in any of the stocks mentioned.
|
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 Jon Quast has no position in any of the stocks mentioned.
|
Direct-to-consumer sales have better profits than On's wholesale channels. That could indeed happen for On -- management expects to double sales from 2023 through 2026 alone, which would be spectacular. 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.
|
c018a256-8fcf-429d-bf5b-92c428ee335f
|
712917.0
|
2023-12-12 00:00:00 UTC
|
Insights Into General Mills (GIS) Q2: Wall Street Projections for Key Metrics
|
DCOMP
|
https://www.nasdaq.com/articles/insights-into-general-mills-gis-q2%3A-wall-street-projections-for-key-metrics
|
nan
|
nan
|
Analysts on Wall Street project that General Mills (GIS) will announce quarterly earnings of $1.15 per share in its forthcoming report, representing an increase of 4.6% year over year. Revenues are projected to reach $5.34 billion, increasing 2.2% from the same quarter last year.
Over the last 30 days, there has been a downward revision of 0.6% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions 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.
In light of this perspective, let's dive into the average estimates of certain General Mills metrics that are commonly tracked and forecasted by Wall Street analysts.
Based on the collective assessment of analysts, 'Net Sales- North America Foodservice' should arrive at $603.91 million. The estimate suggests a change of +3.6% year over year.
The average prediction of analysts places 'Net Sales- North America Retail' at $3.38 billion. The estimate suggests a change of +0.2% year over year.
It is projected by analysts that the 'Net Sales- Pet' will reach $608.40 million. The estimate indicates a year-over-year change of +2.6%.
Analysts predict that the 'Net Sales- International' will reach $736.29 million. The estimate indicates a change of +9.6% from the prior-year quarter.
The consensus estimate for 'Operating Profit- North America Foodservice' stands at $82.57 million. The estimate is in contrast to the year-ago figure of $81.50 million.
The combined assessment of analysts suggests that 'Operating Profit- North America Retail' will likely reach $837.37 million. Compared to the current estimate, the company reported $837.10 million in the same quarter of the previous year.
Analysts forecast 'Operating Profit- Pet' to reach $95.69 million. The estimate is in contrast to the year-ago figure of $86.60 million.
The consensus among analysts is that 'Operating Profit- Unallocated corporate' will reach -$133.90 million. Compared to the current estimate, the company reported $212.10 million in the same quarter of the previous year.
View all Key Company Metrics for General Mills here>>>
Shares of General Mills have experienced a change of +2% in the past month compared to the +5.2% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), GIS 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
General Mills, Inc. (GIS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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 has consistently shown a strong correlation between trends in earnings estimate revisions 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. In light of this perspective, let's dive into the average estimates of certain General Mills metrics that are commonly tracked and forecasted by Wall Street analysts.
|
Analysts on Wall Street project that General Mills (GIS) will announce quarterly earnings of $1.15 per share in its forthcoming report, representing an increase of 4.6% year over year. The combined assessment of analysts suggests that 'Operating Profit- North America Retail' will likely reach $837.37 million. Click to get this free report General Mills, Inc. (GIS) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Analysts on Wall Street project that General Mills (GIS) will announce quarterly earnings of $1.15 per share in its forthcoming report, representing an increase of 4.6% year over year. Compared to the current estimate, the company reported $837.10 million in the same quarter of the previous year. Compared to the current estimate, the company reported $212.10 million in the same quarter of the previous year.
|
Analysts on Wall Street project that General Mills (GIS) will announce quarterly earnings of $1.15 per share in its forthcoming report, representing an increase of 4.6% year over year. The average prediction of analysts places 'Net Sales- North America Retail' at $3.38 billion. 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.
|
db9a7aa4-e956-47c2-b942-d7c592a3c292
|
712918.0
|
2023-12-12 00:00:00 UTC
|
Arkema (ARKAY) to Acquire Arc Building Products in Ireland
|
DCOMP
|
https://www.nasdaq.com/articles/arkema-arkay-to-acquire-arc-building-products-in-ireland
|
nan
|
nan
|
Arkema S.A. ARKAY announced its planned acquisition of Irish manufacturer Arc Building Products. The buyout will strengthen its position in Ireland's growing construction adhesives market, which will provide a broader range of solutions and a local manufacturing footprint.
Arc Building Products, which specializes in tile adhesives, floor preparation systems, building chemicals, and sealing and bonding solutions, has established a strong presence in the Irish market by providing first-rate system solutions with a strong emphasis on customer service. It generates approximately €15 million in annual sales and has a manufacturing facility in Arklow, Co. Wicklow, Ireland.
Bostik, the adhesive solutions segment of the Arkema Group, is poised to leverage significant industrial and commercial synergies through this planned acquisition, building on its strong position in Ireland for over 60 years. Bostik will expand its portfolio of high-value-added solutions for the growing Irish construction market, which is being driven by rising demand for sustainable housing and renovation.
Bostik will also make significant investments in its Arklow facility to increase the local production of its solutions. This project is scheduled to be completed in the first quarter of 2024.
Shares of Arkema have gained 20% over the past year against the 9.3% decline of its industry.
Image Source: Zacks Investment Research
Zacks Rank & Key Picks
Arkema currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the basic materials space include Denison Mines Corp. DNN, Axalta Coating Systems Ltd. AXTA and Hawkins, Inc. HWKN.
Denison Mines has a projected earnings growth rate of 100% for the current year. It currently sports a Zacks Rank #1 (Strong Buy). DNN delivered a trailing four-quarter earnings surprise of roughly 225%, on average. The stock has gained 61.3% in a year. You can see the complete list of today’s Zacks #1 Rank stocks here.
Axalta has a projected earnings growth rate of 5.4% for the current year. It currently sports a Zacks Rank #1. AXTA delivered a trailing four-quarter earnings surprise of 6.7%, on average. The stock has gained 24.7% in a year.
Hawkins has a projected earnings growth rate of 21% for the current year. It currently carries a Zacks Rank #2 (Buy). Hawkins has a trailing four-quarter earnings surprise of 27.5%, on average. HWKN shares have gained 67% in a 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
Arkema SA (ARKAY) : Free Stock Analysis Report
Denison Mine Corp (DNN) : 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.
|
The buyout will strengthen its position in Ireland's growing construction adhesives market, which will provide a broader range of solutions and a local manufacturing footprint. Bostik, the adhesive solutions segment of the Arkema Group, is poised to leverage significant industrial and commercial synergies through this planned acquisition, building on its strong position in Ireland for over 60 years. Bostik will expand its portfolio of high-value-added solutions for the growing Irish construction market, which is being driven by rising demand for sustainable housing and renovation.
|
Image Source: Zacks Investment Research Zacks Rank & Key Picks Arkema currently carries a Zacks Rank #3 (Hold). Better-ranked stocks in the basic materials space include Denison Mines Corp. DNN, Axalta Coating Systems Ltd. AXTA and Hawkins, Inc. HWKN. Click to get this free report Arkema SA (ARKAY) : Free Stock Analysis Report Denison Mine Corp (DNN) : 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.
|
Arc Building Products, which specializes in tile adhesives, floor preparation systems, building chemicals, and sealing and bonding solutions, has established a strong presence in the Irish market by providing first-rate system solutions with a strong emphasis on customer service. Image Source: Zacks Investment Research Zacks Rank & Key Picks Arkema currently carries a Zacks Rank #3 (Hold). Click to get this free report Arkema SA (ARKAY) : Free Stock Analysis Report Denison Mine Corp (DNN) : 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.
|
Image Source: Zacks Investment Research Zacks Rank & Key Picks Arkema currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank stocks here. HWKN shares have gained 67% in a year.
|
6dd46604-a413-407a-8958-40f62ce48db2
|
712919.0
|
2023-12-12 00:00:00 UTC
|
Atmos Energy (ATO) Could Be a Great Choice
|
DCOMP
|
https://www.nasdaq.com/articles/atmos-energy-ato-could-be-a-great-choice-6
|
nan
|
nan
|
Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.
While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in many cases.
Atmos Energy in Focus
Atmos Energy (ATO) is headquartered in Dallas, and is in the Utilities sector. The stock has seen a price change of 1.12% since the start of the year. Currently paying a dividend of $0.81 per share, the company has a dividend yield of 2.84%. In comparison, the Utility - Gas Distribution industry's yield is 3.82%, while the S&P 500's yield is 1.67%.
Taking a look at the company's dividend growth, its current annualized dividend of $3.22 is up 8.8% from last year. Atmos Energy has increased its dividend 5 times on a year-over-year basis over the last 5 years for an average annual increase of 8.57%. Future dividend growth will depend on earnings growth as well as payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Atmos's current payout ratio is 48%. This means it paid out 48% of its trailing 12-month EPS as dividend.
Earnings growth looks solid for ATO for this fiscal year. The Zacks Consensus Estimate for 2023 is $6.52 per share, which represents a year-over-year growth rate of 6.89%.
Bottom Line
Investors like dividends for many reasons; they greatly improve stock investing profits, decrease overall portfolio risk, and carry tax advantages, among others. But, not every company offers a quarterly payout.
For instance, it's a rare occurrence when a tech start-up or big growth business offers their shareholders a dividend. It's more common to see larger companies with more established profits give out dividends. Income investors have to be mindful of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. With that in mind, ATO presents a compelling investment opportunity; it's not only an attractive dividend play, but the stock also boasts a strong Zacks Rank of #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
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.
|
Bottom Line Investors like dividends for many reasons; they greatly improve stock investing profits, decrease overall portfolio risk, and carry tax advantages, among others. Income investors have to be mindful of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. With that in mind, ATO presents a compelling investment opportunity; it's not only an attractive dividend play, but the stock also boasts a strong Zacks Rank of #2 (Buy).
|
Atmos Energy in Focus Atmos Energy (ATO) is headquartered in Dallas, and is in the Utilities sector. Taking a look at the company's dividend growth, its current annualized dividend of $3.22 is up 8.8% from last year. Click to get this free report Atmos Energy Corporation (ATO) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Taking a look at the company's dividend growth, its current annualized dividend of $3.22 is up 8.8% from last year. Future dividend growth will depend on earnings growth as well as payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend.
|
A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Taking a look at the company's dividend growth, its current annualized dividend of $3.22 is up 8.8% from last year. Want the latest recommendations from Zacks Investment Research?
|
36c486ff-2c52-48ab-8212-79080d4730a9
|
712920.0
|
2023-12-12 00:00:00 UTC
|
Reasons to Retain Booz Allen Hamilton (BAH) in Your Portfolio
|
DCOMP
|
https://www.nasdaq.com/articles/reasons-to-retain-booz-allen-hamilton-bah-in-your-portfolio-1
|
nan
|
nan
|
Booz Allen Hamilton Holding Corporation BAH has had an impressive run over the past six months. The stock has gained 19.2%, outperforming the 12.5% rise of the industry it belongs to and the 4.9% growth of the Zacks S&P 500 composite.
BAH has an impressive Growth Score of B. This style score condenses all the essential metrics from a company’s financial statements to get a true sense of the quality and sustainability of its growth.
Booz Allen Hamilton Holding Corporation Price
Booz Allen Hamilton Holding Corporation price | Booz Allen Hamilton Holding Corporation Quote
The company has an expected long-term (three to five years) EPS growth rate of 12%. Its earnings for fiscal 2024 and 2025 are anticipated to grow 10.1% and 9.9%, respectively, year over year. The company’s revenues for fiscal 2024 and 2025 are expected to grow 13% and 5.8%, respectively, year over year.
Factors That Bode Well
Booz Allen has developed its solutions business in a way that creates differentiated business models and sales channels, increases client acquisition and enhances future revenue opportunities. The company also differentiated itself in the talent market to ensure attraction and retention of quality talent from diverse disciplines.
These initiatives bumped up its ability to bring a variety of offerings, through which it has been winning highly technical, mission-critical work for its federal government business. All these ensure long-term sustainable growth for the company. Its revenues increased 16% year over year in the second quarter of fiscal 2024 and we expect them to increase 9.8% in the next quarter.
Vision 2020 was Booz Allen’s transformation strategy for creating sustainable expansion. The strategy focused on getting closer to clients’ core missions, increasing the technical content of work, attracting and retaining talent from diverse areas of expertise, increasing innovation, creating a wide network of external partners and alliances and expanding into commercial and international business.
Its implementation has accelerated the company’s organic revenue growth, strengthened its profitability position and fetched significant headcount and backlog growth. Its adjusted operating income increased 2.1% year over year in the second quarter of fiscal 2024 and we expect it to increase 17.2% in the next quarter.
Booz Allen’s next strategy, VoLT focuses on integrating velocity, leadership and technology in the process of transformation. Key focus areas on the velocity front are increasing innovation, strengthening market position through mergers, acquisitions and partnerships and client-centric decision-making. The leadership front involves initiatives to promptly utilize leadership in identifying client needs and scaling businesses. On the technology front, the company focuses on developing and expanding next-generation technology and solutions.
A Risk
Capital expenditure has been increasing as Booz Allen increases investments in facilities, systems, infrastructure and technology to support long-term growth. The company’s capital expenditure for the second quarter of fiscal 2024 increased 61% sequentially. We expect a 70% sequential increase in the third quarter of fiscal 2024.
Zacks Rank and Stocks to Consider
Booz Allen currently carries a Zacks Rank #3 (Hold).
Investors can consider the following better-ranked stocks:
Rollins ROL currently carries a Zacks Rank #2 (Buy). For the fourth quarter of 2023, the Zacks Consensus Estimate for earnings is pegged at 20 cents, indicating year-over-year growth of 17.7%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
ROL has an impressive earnings surprise history, beating the consensus mark in three of the four trailing quarters and matching once, the average surprise being 7.2%.
FTI Consulting FCN also carries a Zacks Rank of 2. The consensus mark for fourth-quarter 2023 earnings is pegged at $1.57 per share, indicating 3.3% year-over-year growth.
FCN has an impressive earnings surprise history, beating the consensus mark in three of the four trailing quarters and missing once, the average surprise being 8.5%.
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
FTI Consulting, Inc. (FCN) : Free Stock Analysis Report
Booz Allen Hamilton Holding Corporation (BAH) : Free Stock Analysis Report
Rollins, Inc. (ROL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
This style score condenses all the essential metrics from a company’s financial statements to get a true sense of the quality and sustainability of its growth. These initiatives bumped up its ability to bring a variety of offerings, through which it has been winning highly technical, mission-critical work for its federal government business. Key focus areas on the velocity front are increasing innovation, strengthening market position through mergers, acquisitions and partnerships and client-centric decision-making.
|
Booz Allen Hamilton Holding Corporation Price Booz Allen Hamilton Holding Corporation price | Booz Allen Hamilton Holding Corporation Quote The company has an expected long-term (three to five years) EPS growth rate of 12%. Key focus areas on the velocity front are increasing innovation, strengthening market position through mergers, acquisitions and partnerships and client-centric decision-making. Click to get this free report FTI Consulting, Inc. (FCN) : Free Stock Analysis Report Booz Allen Hamilton Holding Corporation (BAH) : Free Stock Analysis Report Rollins, Inc. (ROL) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Booz Allen Hamilton Holding Corporation Price Booz Allen Hamilton Holding Corporation price | Booz Allen Hamilton Holding Corporation Quote The company has an expected long-term (three to five years) EPS growth rate of 12%. Its revenues increased 16% year over year in the second quarter of fiscal 2024 and we expect them to increase 9.8% in the next quarter. Click to get this free report FTI Consulting, Inc. (FCN) : Free Stock Analysis Report Booz Allen Hamilton Holding Corporation (BAH) : Free Stock Analysis Report Rollins, Inc. (ROL) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Booz Allen Hamilton Holding Corporation Price Booz Allen Hamilton Holding Corporation price | Booz Allen Hamilton Holding Corporation Quote The company has an expected long-term (three to five years) EPS growth rate of 12%. Zacks Rank and Stocks to Consider Booz Allen currently carries a Zacks Rank #3 (Hold). FCN has an impressive earnings surprise history, beating the consensus mark in three of the four trailing quarters and missing once, the average surprise being 8.5%.
|
b9588ea6-ed27-4a07-812b-122f8817bb25
|
712921.0
|
2023-12-12 00:00:00 UTC
|
Guess? (GES) Hurt by Soft Americas Retail Unit & Cost Woes
|
DCOMP
|
https://www.nasdaq.com/articles/guess-ges-hurt-by-soft-americas-retail-unit-cost-woes
|
nan
|
nan
|
Guess? Inc. GES is witnessing a dynamic macroeconomic environment, which has been hurting its Americas retail business. The apparel and accessories company is battling a persistent rise in costs. Unfavorable foreign currency rates are a concern.
The Zacks Rank #5 (Strong Sell) company has dropped 0.7% in the past three months against the industry’s growth of 19.7%.
Let’s delve deeper.
Soft Americas Retail Unit Hurts
Guess? is witnessing persistent weakness across its Americas retail business amid a dynamic macroeconomic environment. The trend continued in the third quarter of fiscal 2024, with revenues in the Americas Retail segment falling 7% year over year on softness in customer traffic amid a soft consumer spending environment. Management witnessed contractions across all major categories, like women's and men's apparel and accessories, thanks to drab customer traffic. Continued weakness in the Americas Retail business is likely to remain a threat to the top-line growth.
Image Source: Zacks Investment Research
Cost Woes Stay
Rising operating costs and expenses are major concerns for Guess?. In third-quarter fiscal 2024, adjusted SG&A increased 10% to $233 million. The rise in performance-based compensation remained a headwind. In addition, management witnessed inflationary pressures on its cost structure. Escalated selling expenses across retail stores and investments in infrastructure led to a rise in costs.
Currency Risks Pose Threat
The company’s international presence exposes it to the risk of adverse currency fluctuations. Unfavorable currency rates may affect the company’s net revenues, operating income and earnings. In the third quarter of fiscal 2024, unfavorable foreign currency adversely impacted adjusted operating profit by $7 million and the adjusted operating margin by 120 basis points.
Lowered View
Guess? is operating in a volatile shopping environment globally, stemming from geopolitical issues and reduced consumer confidence. Considering these factors, management lowered its fiscal 2024 outlook. Guess? anticipates revenues to grow in the range of 1.8-2.4% compared with the earlier range of 2.5-4% growth. The adjusted operating margin is likely to be 8.9-9.1% compared with 9-9.4% expected earlier. Management expects adjusted earnings per share (EPS) in the band of $2.67-$2.74 for fiscal 2024. The company had earlier projected adjusted EPS in the band of $2.88-$3.08.
Wrapping Up
Guess? is benefiting from a focus on three key factors, which include solid global brand awareness and ongoing momentum, strength in its highly-diversified business model across geographies, product categories and distribution channels and an impressive entrepreneurial culture. The company is on track to progress in its customer-centric initiatives, including omnichannel capabilities and advanced data analytics and customer segmentation. However, let’s see if these upsides can help GES stay afloat amid such hurdles.
Top 3 Picks
Rocky Brands RCKY, which is a leading designer, manufacturer and marketer of premium quality footwear and apparel marketed under a portfolio of well-recognized brand names, sports a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Rocky Brands’ current fiscal year sales suggests a decline of 24.5% from the year-ago reported number. RCKY has a trailing four-quarter earnings surprise of 17.2%, on average.
G-III Apparel Group, Ltd. GIII is a manufacturer, designer and distributor of apparel and accessories. It currently sports a Zacks Rank #1.
The Zacks Consensus Estimate for G-III Apparel Group’s current fiscal year sales suggests growth of almost 33% from the year-ago reported number. GIII has a trailing four-quarter earnings surprise of 541.8%, on average.
NIKE, Inc. NKE is engaged in the business of designing, developing and marketing athletic footwear, apparel, equipment and accessories and carries a Zacks Rank #2 (Buy). NKE has a trailing four-quarter earnings surprise of 27.1% on average.
The Zacks Consensus Estimate for NKE’s current fiscal year sales suggests growth of 3.7% from the year-ago reported number.
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
NIKE, Inc. (NKE) : Free Stock Analysis Report
Guess?, Inc. (GES) : Free Stock Analysis Report
G-III Apparel Group, LTD. (GIII) : Free Stock Analysis Report
Rocky Brands, Inc. (RCKY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
is benefiting from a focus on three key factors, which include solid global brand awareness and ongoing momentum, strength in its highly-diversified business model across geographies, product categories and distribution channels and an impressive entrepreneurial culture. The Zacks Consensus Estimate for G-III Apparel Group’s current fiscal year sales suggests growth of almost 33% from the year-ago reported number. NIKE, Inc. NKE is engaged in the business of designing, developing and marketing athletic footwear, apparel, equipment and accessories and carries a Zacks Rank #2 (Buy).
|
The trend continued in the third quarter of fiscal 2024, with revenues in the Americas Retail segment falling 7% year over year on softness in customer traffic amid a soft consumer spending environment. The Zacks Consensus Estimate for G-III Apparel Group’s current fiscal year sales suggests growth of almost 33% from the year-ago reported number. Click to get this free report NIKE, Inc. (NKE) : Free Stock Analysis Report Guess?, Inc. (GES) : Free Stock Analysis Report G-III Apparel Group, LTD. (GIII) : Free Stock Analysis Report Rocky Brands, Inc. (RCKY) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Image Source: Zacks Investment Research Cost Woes Stay Rising operating costs and expenses are major concerns for Guess?. The Zacks Consensus Estimate for G-III Apparel Group’s current fiscal year sales suggests growth of almost 33% from the year-ago reported number. Click to get this free report NIKE, Inc. (NKE) : Free Stock Analysis Report Guess?, Inc. (GES) : Free Stock Analysis Report G-III Apparel Group, LTD. (GIII) : Free Stock Analysis Report Rocky Brands, Inc. (RCKY) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
The apparel and accessories company is battling a persistent rise in costs. The trend continued in the third quarter of fiscal 2024, with revenues in the Americas Retail segment falling 7% year over year on softness in customer traffic amid a soft consumer spending environment. Image Source: Zacks Investment Research Cost Woes Stay Rising operating costs and expenses are major concerns for Guess?.
|
f5ed1dd5-ae72-4274-8a24-e1ec677747b2
|
712922.0
|
2023-12-12 00:00:00 UTC
|
Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
|
DCOMP
|
https://www.nasdaq.com/articles/cathie-wood-goes-bargain-hunting%3A-3-stocks-she-just-bought-83
|
nan
|
nan
|
Cathie Wood is hoping to end 2023 on the same market-thumping groove she had earlier in the year. It's been a good time for her style of growth investing, and she kicked off the new trading week by adding to some of her existing positions.
What is Wood buying these days? She added to her stakes in Toast (NYSE: TOST), Spotify (NYSE: SPOT), and Joby Aviation (NYSE: JOBY) on Monday. Let's take a closer look.
Toast
Cathie Wood keeps coming back to the Toast table, and she's not alone. Analysts love putting out lists of potential winners for the coming year in December, and one of them singled out the provider of payment and software solutions for the restaurant industry late last week.
BTIG added Toast to its list of the top fintech stocks to own in 2024. The stock has fallen nearly 10% since posting poorly received quarterly results five weeks ago, a sharp contrast to the general market's 6% ascent in that time.
Toast came under pressure after warning that transactions processed per location were declining on a year-over-year basis for the current quarter. BTIG argues that Toast should continue to grow in the coming year, even if gross payment volume per location continues to dip. With the number of eateries on the platform soaring 34% over the past year, Toast has a long runway of double-digit revenue growth, even if consumers pare back their restaurant spending.
Image source: Getty Images.
You're probably seeing more Toast readers coming your way at the end of a meal at popular indie restaurants. It's a win-win solution to get you settled up quickly and your table freed up for the next hungry patron.
However, this is also a juicy platform that solves a lot of a restaurateur's pressure points. A growing list of features allows Toast users to lean on the company to cover everything from payroll processing to managing an eatery's loyalty program.
There are now 99,000 restaurants relying on Toast to have the same tech tools as the major chains to improve efficiency. Business is booming, despite what should be a short-lived slump in consumer spending. Annualized recurring run rate at Toast is clocking in 40% higher than it was a year ago.
The stock is on sale. Toast shares have been more than halved since going public at $40 two years ago and are trading lower this year, while many growth stocks are climbing higher. Wood sees this as an opportunity.
Spotify
Wood doesn't just add to her positions when they're out of favor. It's been 14 months since I've written about Spotify. I argued that it could be your last chance to buy shares of the streaming music service under $100.
It did trade in the double digits for a couple more months, but Spotify has been consistently trading hands north of $100 since late January. It has more than doubled since my last look at the stock, topping $200 for the first time in nearly two years earlier this month.
Despite announcing layoffs earlier in December -- the third time that it has trimmed its payroll this year -- the audio platform's popularity continues to get louder. There are now 574 million monthly active users worldwide, a 26% increase over the past year.
It's disappointing to see premium subscribers growing more slowly than the less lucrative listeners on free ad-supported accounts, but that segment's 16% gain is still encouraging in this global economic environment. With Spotify's margins improving and profitability returning after five negative quarters, it's not a surprise to see the stock more than double in 2023.
Joby Aviation
Another big winner in 2023 is Joby Aviation. The early-stage provider of air-taxi services has seen its stock rise 94% this year.
Joby is assembling a fleet of small electric aircraft capable of vertical takeoffs and landings (or eVTOLs, for short). This is a pre-revenue company, but it has been lining up prominent investors and partners for its platform that will cater to people with the means to spend a lot of money to save travel time in heavily trafficked metropolitan areas.
Joby hit an important milestone last month when it successfully completed an exhibition flight in New York City. It claims that it's the first electric air taxi flight in the city by any operator and its first time flying in an urban setting.
It will take a couple of more years for Joby to generate meaningful revenue. It will take even longer than that to turn a profit. However, growth investors like Wood know that you have to arrive early sometimes if you want to eventually take off.
Should you invest $1,000 in Toast right now?
Before you buy stock in Toast, 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 Toast 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
Rick Munarriz has positions in Toast. The Motley Fool has positions in and recommends Spotify Technology. The Motley Fool recommends Toast. 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.
|
Analysts love putting out lists of potential winners for the coming year in December, and one of them singled out the provider of payment and software solutions for the restaurant industry late last week. With the number of eateries on the platform soaring 34% over the past year, Toast has a long runway of double-digit revenue growth, even if consumers pare back their restaurant spending. This is a pre-revenue company, but it has been lining up prominent investors and partners for its platform that will cater to people with the means to spend a lot of money to save travel time in heavily trafficked metropolitan areas.
|
She added to her stakes in Toast (NYSE: TOST), Spotify (NYSE: SPOT), and Joby Aviation (NYSE: JOBY) on Monday. BTIG argues that Toast should continue to grow in the coming year, even if gross payment volume per location continues to dip. Before you buy stock in Toast, 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 Toast wasn't one of them.
|
Toast shares have been more than halved since going public at $40 two years ago and are trading lower this year, while many growth stocks are climbing higher. Before you buy stock in Toast, 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 Toast wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Rick Munarriz has positions in Toast.
|
Toast Cathie Wood keeps coming back to the Toast table, and she's not alone. With Spotify's margins improving and profitability returning after five negative quarters, it's not a surprise to see the stock more than double in 2023. Before you buy stock in Toast, 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 Toast wasn't one of them.
|
59d09424-5c0b-49b6-a25f-4e1bba1c174f
|
712923.0
|
2023-12-12 00:00:00 UTC
|
Photronics (PLAB) to Post Q4 Earnings: What's in the Offing?
|
DCOMP
|
https://www.nasdaq.com/articles/photronics-plab-to-post-q4-earnings%3A-whats-in-the-offing
|
nan
|
nan
|
Photronics PLAB is set to report its fourth-quarter fiscal 2023 results on Dec 13.
For the to-be-reported quarter, PLAB expects revenues between $222 million and $232 million. Non-GAAP earnings are expected between 51 and 59 cents.
The Zacks Consensus Estimate for the bottom line is pegged at 53 cents per share, unchanged over the past 30 days, indicating an 11.67% year-over-year decline.
The company’s earnings beat the Zacks Consensus Estimate in two of the trailing four quarters, missing in one and matching in the remaining quarter, the average surprise being 11.45%.
Photronics, Inc. Price, Consensus and EPS Surprise
Photronics, Inc. price-consensus-eps-surprise-chart | Photronics, Inc. Quote
Let’s see how things have shaped up before this announcement.
Factors to Note
Photronics has been suffering from sluggishness in the semiconductor end market. Lower demand for IC, particularly from mainstream Asian manufacturers, is expected to have hurt top-line growth in the to-be-reported quarter.
However, increasing usage of AMOLED in high-end tablets, laptops and automotive is expected to have aided top-line growth. The company witnessed strong utilization of its fab in the fiscal third quarter. The trend is expected to have continued in the fiscal fourth quarter.
Photronics benefits from long-term agreements with its customers in terms of average selling price and fab utilization rate. A favorable product mix and stringent cost control also benefit the bottom line.
What Our Model Indicates
Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.
Photronics has an Earnings ESP of 0.00% and a Zacks Rank #3 at present. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are a few companies worth considering, as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases:
Costco Wholesale COST has an Earnings ESP of +1.40% and currently has a Zacks Rank #3. You can find the complete list of today’s Zacks #1 Rank stocks here.
Costco is set to announce first-quarter fiscal 2024 results on Dec 14. COST shares have gained 27.8% year to date.
Adobe ADBE has an Earnings ESP of +0.24% and a Zacks Rank #3 at present.
Adobe is set to announce fourth-quarter fiscal 2023 results on Dec 13. ADBE shares have returned 82.6% year to date.
Darden Restaurants DRI currently has an Earnings ESP of +5.58% and a Zacks Rank #3.
Darden is set to announce second-quarter fiscal 2024 results on Dec 15. DRI shares have returned 11.1% year to date.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Darden Restaurants, Inc. (DRI) : Free Stock Analysis Report
Costco Wholesale Corporation (COST) : Free Stock Analysis Report
Adobe Inc. (ADBE) : Free Stock Analysis Report
Photronics, Inc. (PLAB) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The Zacks Consensus Estimate for the bottom line is pegged at 53 cents per share, unchanged over the past 30 days, indicating an 11.67% year-over-year decline. Lower demand for IC, particularly from mainstream Asian manufacturers, is expected to have hurt top-line growth in the to-be-reported quarter. Photronics benefits from long-term agreements with its customers in terms of average selling price and fab utilization rate.
|
Photronics PLAB is set to report its fourth-quarter fiscal 2023 results on Dec 13. What Our Model Indicates Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. Click to get this free report Darden Restaurants, Inc. (DRI) : Free Stock Analysis Report Costco Wholesale Corporation (COST) : Free Stock Analysis Report Adobe Inc. (ADBE) : Free Stock Analysis Report Photronics, Inc. (PLAB) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
The company’s earnings beat the Zacks Consensus Estimate in two of the trailing four quarters, missing in one and matching in the remaining quarter, the average surprise being 11.45%. What Our Model Indicates Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. Click to get this free report Darden Restaurants, Inc. (DRI) : Free Stock Analysis Report Costco Wholesale Corporation (COST) : Free Stock Analysis Report Adobe Inc. (ADBE) : Free Stock Analysis Report Photronics, Inc. (PLAB) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Photronics PLAB is set to report its fourth-quarter fiscal 2023 results on Dec 13. The company’s earnings beat the Zacks Consensus Estimate in two of the trailing four quarters, missing in one and matching in the remaining quarter, the average surprise being 11.45%. Costco Wholesale COST has an Earnings ESP of +1.40% and currently has a Zacks Rank #3.
|
644bf557-a6d9-48fb-a385-618098fa53f6
|
712924.0
|
2023-12-12 00:00:00 UTC
|
Are You Looking for a Top Momentum Pick? Why Arcos Dorados (ARCO) is a Great Choice
|
DCOMP
|
https://www.nasdaq.com/articles/are-you-looking-for-a-top-momentum-pick-why-arcos-dorados-arco-is-a-great-choice-0
|
nan
|
nan
|
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.
Below, we take a look at Arcos Dorados (ARCO), a company that currently holds a Momentum Style Score of A. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Arcos Dorados currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.
You can see the current list of Zacks #1 Rank Stocks here >>>
Set to Beat the Market?
In order to see if ARCO is a promising momentum pick, let's examine some Momentum Style elements to see if this restaurant owner holds up.
Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.
For ARCO, shares are up 0.58% over the past week while the Zacks Retail - Restaurants industry is up 0.13% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 26.48% compares favorably with the industry's 6.66% performance as well.
While any stock can see its price increase, it takes a real winner to consistently beat the market. That is why looking at longer term price metrics -- such as performance over the past three months or year -- can be useful as well. Over the past quarter, shares of Arcos Dorados have risen 17.11%, and are up 65.49% in the last year. In comparison, the S&P 500 has only moved 3.38% and 19.2%, respectively.
Investors should also take note of ARCO's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now, ARCO is averaging 1,251,175 shares for the last 20 days.
Earnings Outlook
The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with ARCO.
Over the past two months, 1 earnings estimate moved higher compared to none lower for the full year. These revisions helped boost ARCO's consensus estimate, increasing from $0.75 to $0.82 in the past 60 days. Looking at the next fiscal year, 1 estimate has moved upwards while there have been no downward revisions in the same time period.
Bottom Line
Taking into account all of these elements, it should come as no surprise that ARCO is a #1 (Strong Buy) stock with a Momentum Score of A. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Arcos Dorados on your 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
Arcos Dorados Holdings Inc. (ARCO) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Earnings Outlook The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Bottom Line Taking into account all of these elements, it should come as no surprise that ARCO is a #1 (Strong Buy) stock with a Momentum Score of A.
|
Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. Earnings Outlook The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Click to get this free report Arcos Dorados Holdings Inc. (ARCO) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Below, we take a look at Arcos Dorados (ARCO), a company that currently holds a Momentum Style Score of A. Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. Click to get this free report Arcos Dorados Holdings Inc. (ARCO) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Below, we take a look at Arcos Dorados (ARCO), a company that currently holds a Momentum Style Score of A. Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. Earnings Outlook The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes.
|
2cab9437-28cd-4433-a534-79727be0d3ba
|
712925.0
|
2023-12-12 00:00:00 UTC
|
All You Need to Know About Minerals Technologies (MTX) Rating Upgrade to Buy
|
DCOMP
|
https://www.nasdaq.com/articles/all-you-need-to-know-about-minerals-technologies-mtx-rating-upgrade-to-buy
|
nan
|
nan
|
Minerals Technologies (MTX) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.
The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.
Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time.
As such, the Zacks rating upgrade for Minerals Technologies is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.
Most Powerful Force Impacting Stock Prices
The change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.
Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Minerals Technologies imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.
Harnessing the Power of Earnings Estimate Revisions
Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>.
Earnings Estimate Revisions for Minerals Technologies
This maker of mineral, mineral-based and synthetic mineral products is expected to earn $5.19 per share for the fiscal year ending December 2023, which represents a year-over-year change of 6.4%.
Analysts have been steadily raising their estimates for Minerals Technologies. Over the past three months, the Zacks Consensus Estimate for the company has increased 0.9%.
Bottom Line
Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of Minerals Technologies to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Minerals Technologies Inc. (MTX) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Minerals Technologies imply an improvement in the company's underlying business.
|
Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. Most Powerful Force Impacting Stock Prices The change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. Harnessing the Power of Earnings Estimate Revisions Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision.
|
Most Powerful Force Impacting Stock Prices The change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can learn more about the Zacks Rank here >>> The upgrade of Minerals Technologies to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
|
Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. Harnessing the Power of Earnings Estimate Revisions Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. You can learn more about the Zacks Rank here >>> The upgrade of Minerals Technologies to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
|
6758239c-3a24-42b8-b854-7421fc86a269
|
712926.0
|
2023-12-12 00:00:00 UTC
|
HCI Group (HCI) is a Great Momentum Stock: Should You Buy?
|
DCOMP
|
https://www.nasdaq.com/articles/hci-group-hci-is-a-great-momentum-stock%3A-should-you-buy
|
nan
|
nan
|
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.
Below, we take a look at HCI Group (HCI), a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. HCI Group currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.
You can see the current list of Zacks #1 Rank Stocks here >>>
Set to Beat the Market?
In order to see if HCI is a promising momentum pick, let's examine some Momentum Style elements to see if this property and casualty insurance holding company holds up.
A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area.
For HCI, shares are up 2.9% over the past week while the Zacks Insurance - Property and Casualty industry is flat over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 14.81% compares favorably with the industry's 3.42% performance as well.
While any stock can see its price increase, it takes a real winner to consistently beat the market. That is why looking at longer term price metrics -- such as performance over the past three months or year -- can be useful as well. Shares of HCI Group have increased 69.05% over the past quarter, and have gained 152.84% in the last year. On the other hand, the S&P 500 has only moved 3.38% and 19.2%, respectively.
Investors should also pay attention to HCI's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. HCI is currently averaging 158,435 shares for the last 20 days.
Earnings Outlook
The Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with HCI.
Over the past two months, 1 earnings estimate moved higher compared to none lower for the full year. These revisions helped boost HCI's consensus estimate, increasing from $3.25 to $5.20 in the past 60 days. Looking at the next fiscal year, 1 estimate has moved upwards while there have been no downward revisions in the same time period.
Bottom Line
Taking into account all of these elements, it should come as no surprise that HCI is a #1 (Strong Buy) stock with a Momentum Score of B. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep HCI Group on your 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
HCI Group, Inc. (HCI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Earnings Outlook The Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Bottom Line Taking into account all of these elements, it should come as no surprise that HCI is a #1 (Strong Buy) stock with a Momentum Score of B.
|
Below, we take a look at HCI Group (HCI), a company that currently holds a Momentum Style Score of B. Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. Click to get this free report HCI Group, Inc. (HCI) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. Earnings Outlook The Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Click to get this free report HCI Group, Inc. (HCI) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Below, we take a look at HCI Group (HCI), a company that currently holds a Momentum Style Score of B. HCI Group currently has a Zacks Rank of #1 (Strong Buy). Over the past two months, 1 earnings estimate moved higher compared to none lower for the full year.
|
e915514e-8076-4c84-b6a2-5e3f0f6af8e5
|
712927.0
|
2023-12-12 00:00:00 UTC
|
GitLab Inc. (GTLB) is a Great Momentum Stock: Should You Buy?
|
DCOMP
|
https://www.nasdaq.com/articles/gitlab-inc.-gtlb-is-a-great-momentum-stock%3A-should-you-buy
|
nan
|
nan
|
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.
Below, we take a look at GitLab Inc. (GTLB), a company that currently holds a Momentum Style Score of A. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. GitLab Inc. Currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.
You can see the current list of Zacks #1 Rank Stocks here >>>
Set to Beat the Market?
Let's discuss some of the components of the Momentum Style Score for GTLB that show why this company shows promise as a solid momentum pick.
Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area.
For GTLB, shares are up 12.83% over the past week while the Zacks Internet - Software industry is flat over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 32.03% compares favorably with the industry's 6.95% performance as well.
While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Shares of GitLab Inc. Have increased 24.12% over the past quarter, and have gained 21.22% in the last year. In comparison, the S&P 500 has only moved 3.38% and 19.2%, respectively.
Investors should also take note of GTLB's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now, GTLB is averaging 3,030,908 shares for the last 20 days.
Earnings Outlook
The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with GTLB.
Over the past two months, 6 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost GTLB's consensus estimate, increasing from -$0.07 to $0.13 in the past 60 days. Looking at the next fiscal year, 5 estimates have moved upwards while there have been no downward revisions in the same time period.
Bottom Line
Given these factors, it shouldn't be surprising that GTLB is a #2 (Buy) stock and boasts a Momentum Score of A. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep GitLab Inc. On your 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
GitLab Inc. (GTLB) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Earnings Outlook The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. 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."
|
Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. Earnings Outlook The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Over the past two months, 6 earnings estimates moved higher compared to none lower for the full year.
|
Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. Earnings Outlook The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes.
|
Below, we take a look at GitLab Inc. (GTLB), a company that currently holds a Momentum Style Score of A. Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. You can see the current list of Zacks #1 Rank Stocks here >>> Set to Beat the Market?
|
d4e2fd97-df4e-4c63-b152-5e7cc856f6c6
|
712928.0
|
2023-12-12 00:00:00 UTC
|
All You Need to Know About Tradeweb (TW) Rating Upgrade to Buy
|
DCOMP
|
https://www.nasdaq.com/articles/all-you-need-to-know-about-tradeweb-tw-rating-upgrade-to-buy
|
nan
|
nan
|
Tradeweb Markets (TW) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.
The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.
Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.
Therefore, the Zacks rating upgrade for Tradeweb basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.
Most Powerful Force Impacting Stock Prices
The change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.
For Tradeweb, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.
Harnessing the Power of Earnings Estimate Revisions
Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>.
Earnings Estimate Revisions for Tradeweb
For the fiscal year ending December 2023, this electronic marketplaces operator is expected to earn $2.17 per share, which is a change of 14.2% from the year-ago reported number.
Analysts have been steadily raising their estimates for Tradeweb. Over the past three months, the Zacks Consensus Estimate for the company has increased 0.8%.
Bottom Line
Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of Tradeweb to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
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
Tradeweb Markets Inc. (TW) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements. Therefore, the Zacks rating upgrade for Tradeweb basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it.
|
Most Powerful Force Impacting Stock Prices The change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. Harnessing the Power of Earnings Estimate Revisions Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988.
|
Most Powerful Force Impacting Stock Prices The change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can learn more about the Zacks Rank here >>> The upgrade of Tradeweb to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
|
Therefore, the Zacks rating upgrade for Tradeweb basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price. Harnessing the Power of Earnings Estimate Revisions Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Want the latest recommendations from Zacks Investment Research?
|
f962151d-c27c-4cb4-b86e-0ab713bcf838
|
712929.0
|
2023-12-12 00:00:00 UTC
|
What Makes Xerox Holdings Corporation (XRX) a New Buy Stock
|
DCOMP
|
https://www.nasdaq.com/articles/what-makes-xerox-holdings-corporation-xrx-a-new-buy-stock
|
nan
|
nan
|
Xerox Holdings Corporation (XRX) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.
The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.
Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time.
As such, the Zacks rating upgrade for Xerox Holdings Corporation is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.
Most Powerful Force Impacting Stock Prices
The change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.
For Xerox Holdings Corporation, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.
Harnessing the Power of Earnings Estimate Revisions
Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>.
Earnings Estimate Revisions for Xerox Holdings Corporation
For the fiscal year ending December 2023, this company is expected to earn $1.90 per share, which is a change of 69.6% from the year-ago reported number.
Analysts have been steadily raising their estimates for Xerox Holdings Corporation. Over the past three months, the Zacks Consensus Estimate for the company has increased 12%.
Bottom Line
Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of Xerox Holdings Corporation to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
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
Xerox Holdings Corporation (XRX) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time. As such, the Zacks rating upgrade for Xerox Holdings Corporation is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it.
|
Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. Most Powerful Force Impacting Stock Prices The change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. Harnessing the Power of Earnings Estimate Revisions Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision.
|
Most Powerful Force Impacting Stock Prices The change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can learn more about the Zacks Rank here >>> The upgrade of Xerox Holdings Corporation to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
|
Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. Harnessing the Power of Earnings Estimate Revisions Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Earnings Estimate Revisions for Xerox Holdings Corporation For the fiscal year ending December 2023, this company is expected to earn $1.90 per share, which is a change of 69.6% from the year-ago reported number.
|
39a3a0f5-6375-4992-b464-86d642a52245
|
712930.0
|
2023-12-12 00:00:00 UTC
|
Acushnet (GOLF) Moves to Buy: Rationale Behind the Upgrade
|
DCOMP
|
https://www.nasdaq.com/articles/acushnet-golf-moves-to-buy%3A-rationale-behind-the-upgrade
|
nan
|
nan
|
Acushnet (GOLF) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.
A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.
Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.
Therefore, the Zacks rating upgrade for Acushnet basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.
Most Powerful Force Impacting Stock Prices
The change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.
For Acushnet, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.
Harnessing the Power of Earnings Estimate Revisions
As empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>.
Earnings Estimate Revisions for Acushnet
This golf products maker is expected to earn $2.96 per share for the fiscal year ending December 2023, which represents a year-over-year change of 7.6%.
Analysts have been steadily raising their estimates for Acushnet. Over the past three months, the Zacks Consensus Estimate for the company has increased 2.8%.
Bottom Line
Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of Acushnet to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
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.
|
In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements. Therefore, the Zacks rating upgrade for Acushnet basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it.
|
Most Powerful Force Impacting Stock Prices The change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. Harnessing the Power of Earnings Estimate Revisions As empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988.
|
Most Powerful Force Impacting Stock Prices The change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can learn more about the Zacks Rank here >>> The upgrade of Acushnet to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
|
Therefore, the Zacks rating upgrade for Acushnet basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price. Harnessing the Power of Earnings Estimate Revisions As empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Want the latest recommendations from Zacks Investment Research?
|
8c8fc5e7-5f8d-4fb9-9a29-741495888cda
|
712931.0
|
2023-12-12 00:00:00 UTC
|
What Makes Lennar (LEN) a Strong Momentum Stock: Buy Now?
|
DCOMP
|
https://www.nasdaq.com/articles/what-makes-lennar-len-a-strong-momentum-stock%3A-buy-now
|
nan
|
nan
|
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.
Below, we take a look at Lennar (LEN), a company that currently holds a Momentum Style Score of A. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Lennar currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.
You can see the current list of Zacks #1 Rank Stocks here >>>
Set to Beat the Market?
In order to see if LEN is a promising momentum pick, let's examine some Momentum Style elements to see if this homebuilder holds up.
A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area.
For LEN, shares are up 6.08% over the past week while the Zacks Building Products - Home Builders industry is up 5.54% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 14.23% compares favorably with the industry's 14.25% performance as well.
Considering longer term price metrics, like performance over the last three months or year, can be advantageous as well. Shares of Lennar have increased 19.31% over the past quarter, and have gained 56.9% in the last year. On the other hand, the S&P 500 has only moved 3.38% and 19.2%, respectively.
Investors should also pay attention to LEN's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. LEN is currently averaging 1,597,739 shares for the last 20 days.
Earnings Outlook
The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with LEN.
Over the past two months, 1 earnings estimate moved higher compared to none lower for the full year. These revisions helped boost LEN's consensus estimate, increasing from $13.33 to $13.62 in the past 60 days. Looking at the next fiscal year, 2 estimates have moved upwards while there have been no downward revisions in the same time period.
Bottom Line
Given these factors, it shouldn't be surprising that LEN is a #2 (Buy) stock and boasts a Momentum Score of A. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep Lennar on your 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
Lennar Corporation (LEN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Earnings Outlook The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. 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."
|
Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. Earnings Outlook The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Over the past two months, 1 earnings estimate moved higher compared to none lower for the full year.
|
Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. Earnings Outlook The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes.
|
Below, we take a look at Lennar (LEN), a company that currently holds a Momentum Style Score of A. Lennar currently has a Zacks Rank of #2 (Buy). Zacks Investment Research has just released an urgent special report to help you bank on this trend.
|
da432384-8c71-4ca8-850e-91144c2fbc20
|
712932.0
|
2023-12-12 00:00:00 UTC
|
Are You Looking for a Top Momentum Pick? Why Armstrong World Industries (AWI) is a Great Choice
|
DCOMP
|
https://www.nasdaq.com/articles/are-you-looking-for-a-top-momentum-pick-why-armstrong-world-industries-awi-is-a-great
|
nan
|
nan
|
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.
Below, we take a look at Armstrong World Industries (AWI), which currently has a Momentum Style Score of B. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions.
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Armstrong World Industries currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.
You can see the current list of Zacks #1 Rank Stocks here >>>
Set to Beat the Market?
Let's discuss some of the components of the Momentum Style Score for AWI that show why this ceiling and wall systems manufacturer shows promise as a solid momentum pick.
Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area.
For AWI, shares are up 6.4% over the past week while the Zacks Building Products - Miscellaneous industry is up 1.04% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 16.33% compares favorably with the industry's 9.45% performance as well.
While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Over the past quarter, shares of Armstrong World Industries have risen 26.96%, and are up 28.31% in the last year. On the other hand, the S&P 500 has only moved 3.38% and 19.2%, respectively.
Investors should also pay attention to AWI's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. AWI is currently averaging 433,716 shares for the last 20 days.
Earnings Outlook
The Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with AWI.
Over the past two months, 4 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost AWI's consensus estimate, increasing from $4.92 to $5.13 in the past 60 days. Looking at the next fiscal year, 4 estimates have moved upwards while there have been no downward revisions in the same time period.
Bottom Line
Taking into account all of these elements, it should come as no surprise that AWI is a #2 (Buy) stock with a Momentum Score of B. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Armstrong World Industries on your 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
Armstrong World Industries, Inc. (AWI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Earnings Outlook The Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Bottom Line Taking into account all of these elements, it should come as no surprise that AWI is a #2 (Buy) stock with a Momentum Score of B.
|
We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions. Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. Click to get this free report Armstrong World Industries, Inc. (AWI) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. Earnings Outlook The Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement.
|
Below, we take a look at Armstrong World Industries (AWI), which currently has a Momentum Style Score of B. Armstrong World Industries currently has a Zacks Rank of #2 (Buy). AWI is currently averaging 433,716 shares for the last 20 days.
|
66354004-3b79-4500-9212-66826a69a3af
|
712933.0
|
2023-12-12 00:00:00 UTC
|
Kinder Morgan (KMI) Stock Sinks As Market Gains: Here's Why
|
DCOMP
|
https://www.nasdaq.com/articles/kinder-morgan-kmi-stock-sinks-as-market-gains%3A-heres-why
|
nan
|
nan
|
In the latest trading session, Kinder Morgan (KMI) closed at $17.22, marking a -1.99% move from the previous day. This change lagged the S&P 500's daily gain of 0.46%. Elsewhere, the Dow saw an upswing of 0.48%, while the tech-heavy Nasdaq appreciated by 0.7%.
Shares of the oil and natural gas pipeline and storage company have appreciated by 6.36% over the course of the past month, outperforming the Oils-Energy sector's loss of 0.85% and the S&P 500's gain of 4.85%.
Analysts and investors alike will be keeping a close eye on the performance of Kinder Morgan in its upcoming earnings disclosure. In that report, analysts expect Kinder Morgan to post earnings of $0.30 per share. This would mark a year-over-year decline of 3.23%. Simultaneously, our latest consensus estimate expects the revenue to be $4.14 billion, showing a 9.56% drop compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.10 per share and a revenue of $15.57 billion, signifying shifts of -5.17% and -18.93%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Kinder Morgan. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.45% higher. As of now, Kinder Morgan holds a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Kinder Morgan has a Forward P/E ratio of 15.92 right now. This expresses a discount compared to the average Forward P/E of 17.19 of its industry.
Investors should also note that KMI has a PEG ratio of 5.31 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Oil and Gas - Production and Pipelines industry currently had an average PEG ratio of 4.82 as of yesterday's close.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 54, this industry ranks in the top 22% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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
Kinder Morgan, Inc. (KMI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Shares of the oil and natural gas pipeline and storage company have appreciated by 6.36% over the course of the past month, outperforming the Oils-Energy sector's loss of 0.85% and the S&P 500's gain of 4.85%. For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.10 per share and a revenue of $15.57 billion, signifying shifts of -5.17% and -18.93%, respectively, from the last year. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
|
In the latest trading session, Kinder Morgan (KMI) closed at $17.22, marking a -1.99% move from the previous day. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Click to get this free report Kinder Morgan, Inc. (KMI) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
With its current Zacks Industry Rank of 54, this industry ranks in the top 22% of all industries, numbering over 250. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Click to get this free report Kinder Morgan, Inc. (KMI) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
In the latest trading session, Kinder Morgan (KMI) closed at $17.22, marking a -1.99% move from the previous day. In that report, analysts expect Kinder Morgan to post earnings of $0.30 per share. The Oil and Gas - Production and Pipelines industry currently had an average PEG ratio of 4.82 as of yesterday's close.
|
134dd183-9091-4f83-8963-a5c10fd9968b
|
712934.0
|
2023-12-12 00:00:00 UTC
|
Alexandria Real Estate Equities (ARE) Stock Jumps 7.1%: Will It Continue to Soar?
|
DCOMP
|
https://www.nasdaq.com/articles/alexandria-real-estate-equities-are-stock-jumps-7.1%3A-will-it-continue-to-soar
|
nan
|
nan
|
Alexandria Real Estate Equities (ARE) shares ended the last trading session 7.1% higher at $134.45. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 18.8% gain over the past four weeks.
After 11 interest rate hikes, the Fed's decision to pause rate hikes for the third month drove bullish sentiments across markets amid the optimism of easing inflation pressures. With this, the interest rates remain at a 22-year high of 5.25-5.5%. Further, the central bank indicated three interest rate cuts by 2024-end. These developments turned investor sentiment bullish on REIT stocks, as low rates are likely to make REITs funding cost more affordable. Hence, the ARE stock gained.
This life science real estate company is expected to post quarterly earnings of $2.29 per share in its upcoming report, which represents a year-over-year change of +7%. Revenues are expected to be $738.89 million, up 10.2% 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 Alexandria Real Estate Equities, 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 ARE going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Alexandria Real Estate Equities is part of the Zacks REIT and Equity Trust - Other industry. Highwoods Properties (HIW), another stock in the same industry, closed the last trading session 8.5% higher at $24.20. HIW has returned 13.3% in the past month.
Highwoods Properties' consensus EPS estimate for the upcoming report has changed -1.1% over the past month to $0.91. Compared to the company's year-ago EPS, this represents a change of -5.2%. Highwoods Properties 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
Alexandria Real Estate Equities, Inc. (ARE) : Free Stock Analysis Report
Highwoods Properties, Inc. (HIW) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
This life science real estate company is expected to post quarterly earnings of $2.29 per share in its upcoming report, which represents a year-over-year change of +7%. For Alexandria Real Estate Equities, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
|
You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Alexandria Real Estate Equities is part of the Zacks REIT and Equity Trust - Other industry. Highwoods Properties' consensus EPS estimate for the upcoming report has changed -1.1% over the past month to $0.91. Click to get this free report Alexandria Real Estate Equities, Inc. (ARE) : Free Stock Analysis Report Highwoods Properties, Inc. (HIW) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
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 >>>> Alexandria Real Estate Equities is part of the Zacks REIT and Equity Trust - Other industry. Click to get this free report Alexandria Real Estate Equities, Inc. (ARE) : Free Stock Analysis Report Highwoods Properties, Inc. (HIW) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
For Alexandria Real Estate Equities, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Alexandria Real Estate Equities is part of the Zacks REIT and Equity Trust - Other industry. Compared to the company's year-ago EPS, this represents a change of -5.2%.
|
7772f338-0a97-4d2e-a8d3-74b02eb9ac64
|
712935.0
|
2023-12-12 00:00:00 UTC
|
Levi Strauss (LEVI) Stock Drops Despite Market Gains: Important Facts to Note
|
DCOMP
|
https://www.nasdaq.com/articles/levi-strauss-levi-stock-drops-despite-market-gains%3A-important-facts-to-note
|
nan
|
nan
|
The latest trading session saw Levi Strauss (LEVI) ending at $15.06, denoting a -1.89% adjustment from its last day's close. This change lagged the S&P 500's daily gain of 0.46%. Meanwhile, the Dow experienced a rise of 0.48%, and the technology-dominated Nasdaq saw an increase of 0.7%.
The jeans maker's shares have seen an increase of 7.72% over the last month, surpassing the Retail-Wholesale sector's gain of 4.47% and the S&P 500's gain of 4.85%.
The investment community will be paying close attention to the earnings performance of Levi Strauss in its upcoming release. The company is expected to report EPS of $0.43, up 26.47% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $1.66 billion, indicating a 4.6% growth compared to the corresponding quarter of the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Levi Strauss. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which 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 0.25% decrease. Levi Strauss currently has a Zacks Rank of #3 (Hold).
Digging into valuation, Levi Strauss currently has a Forward P/E ratio of 11.72. This indicates a discount in contrast to its industry's Forward P/E of 14.54.
One should further note that LEVI currently holds a PEG ratio of 0.53. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Retail - Apparel and Shoes industry had an average PEG ratio of 1.54 as trading concluded yesterday.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 151, this industry ranks in the bottom 41% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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
Levi Strauss & Co. (LEVI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In the meantime, our current consensus estimate forecasts the revenue to be $1.66 billion, indicating a 4.6% growth compared to the corresponding quarter of the prior year. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
|
The latest trading session saw Levi Strauss (LEVI) ending at $15.06, denoting a -1.89% adjustment from its last day's close. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Click to get this free report Levi Strauss & Co. (LEVI) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
With its current Zacks Industry Rank of 151, this industry ranks in the bottom 41% of all industries, numbering over 250. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Click to get this free report Levi Strauss & Co. (LEVI) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
The latest trading session saw Levi Strauss (LEVI) ending at $15.06, denoting a -1.89% adjustment from its last day's close. The jeans maker's shares have seen an increase of 7.72% over the last month, surpassing the Retail-Wholesale sector's gain of 4.47% and the S&P 500's gain of 4.85%. With its current Zacks Industry Rank of 151, this industry ranks in the bottom 41% of all industries, numbering over 250.
|
3633eb0b-8e5e-442c-a61d-62cd649f5f90
|
712936.0
|
2023-12-12 00:00:00 UTC
|
4 Growing Dividend Stocks to Buy Now
|
DCOMP
|
https://www.nasdaq.com/articles/4-growing-dividend-stocks-to-buy-now
|
nan
|
nan
|
In this video, I will be talking about four dividend-paying companies that you might want to add to your portfolio in the month of December. Dividend stocks can provide stability during rough times like today. I chose a mix of companies in different industries that could provide significant upside for long-term investors.
*Stock prices used were from the trading day of Dec. 14, 2023. The video was published on Dec. 15, 2023.
Should you invest $1,000 in ExxonMobil right now?
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. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 11, 2023
Neil Rozenbaum has positions in Deere. The Motley Fool has positions in and recommends Starbucks. The Motley Fool recommends Deere. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In this video, I will be talking about four dividend-paying companies that you might want to add to your portfolio in the month of December. I chose a mix of companies in different industries that could provide significant upside for long-term investors. The 10 stocks that made the cut could produce monster returns in the coming years.
|
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. 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 Neil Rozenbaum has positions in Deere.
|
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. 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 Neil Rozenbaum has positions in Deere.
|
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 Neil Rozenbaum has positions in Deere. His opinions remain his own and are unaffected by The Motley Fool.
|
d0cdfcac-916e-4fbc-b855-129fbe52e7ee
|
712937.0
|
2023-12-12 00:00:00 UTC
|
US bank shares drop as Fed policymaker plays down rate-cut expectations
|
DCOMP
|
https://www.nasdaq.com/articles/us-bank-shares-drop-as-fed-policymaker-plays-down-rate-cut-expectations
|
nan
|
nan
|
By Manya Saini
Dec 15 (Reuters) - U.S. bank stocks shed premarket gains on Friday after a U.S. Federal Reserve policymaker crushed surging market expectations of interest-rate cuts saying it was just "premature" to consider lowering borrowing costs.
"We aren't really talking about rate cuts right now," New York Federal Reserve President John Williams said in an interview with CNBC. "I just think it's just premature to be even thinking about that."
Expectations that a rate cut in early 2024 would help loan growth and lower deposit costs had powered gains in large and regional bank shares in the previous session.
Shares in the banking sector had returned to their highest level since early March on Thursday when three mid-sized lenders collapsed due to liquidity crunch partly caused by the Fed's historic policy tightening campaign.
The KBW Regional Banking Index .KRX, which closed 4.15% higher in the previous session, dipped 0.8% in early trading, while the S&P 500 Banks Index .SPXBK, slipped 0.4%.
Among individual stocks, Regions Financial RF.N, Keycorp KEY.N, Citizens Financial CFG.N and Truist Financial TFC.N dropped between 0.5% and 1.8%.
Shares of JPMorgan Chase JPM.N, Bank of America BAC.N, Wells Fargo WFC.N, Citigroup C.N, Goldman Sachs GS.N and Morgan Stanley MS.N were down 0.8%.
Still, Wall Street analysts pinned their hopes on the Fed's dovish stance in its latest meeting to remain optimistic about the sector going into 2024.
"With interest rates potentially moving lower in 2024, the tailwinds of stable to lower funding cost, borrower alleviation, and improving capital levels should be enough to get investors back," said analysts at brokerage Truist Securities.
Though higher borrowing costs boost interest income for the big lenders, a broad recovery in investor sentiment and lower rates are expected to help dealmaking power profit at their investment banking units.
"Lower rates also alleviate capital pressure for regional banks given collapsing unrealized losses on bond books," BofA Securities analysts wrote in an industry note on Thursday.
The index tracking a basket of large-cap bank stocks has surged nearly 21% so far in the quarter and 6.54% this year.
KBW Regional Banking Index hits to pre-crisis levels https://tmsnrt.rs/3Tt2VUs
(Reporting by Manya Saini in Bengaluru; Editing by Arun Koyyur)
((Manya.Saini@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
By Manya Saini Dec 15 (Reuters) - U.S. bank stocks shed premarket gains on Friday after a U.S. Federal Reserve policymaker crushed surging market expectations of interest-rate cuts saying it was just "premature" to consider lowering borrowing costs. Shares in the banking sector had returned to their highest level since early March on Thursday when three mid-sized lenders collapsed due to liquidity crunch partly caused by the Fed's historic policy tightening campaign. Though higher borrowing costs boost interest income for the big lenders, a broad recovery in investor sentiment and lower rates are expected to help dealmaking power profit at their investment banking units.
|
Expectations that a rate cut in early 2024 would help loan growth and lower deposit costs had powered gains in large and regional bank shares in the previous session. The KBW Regional Banking Index .KRX, which closed 4.15% higher in the previous session, dipped 0.8% in early trading, while the S&P 500 Banks Index .SPXBK, slipped 0.4%. "Lower rates also alleviate capital pressure for regional banks given collapsing unrealized losses on bond books," BofA Securities analysts wrote in an industry note on Thursday.
|
By Manya Saini Dec 15 (Reuters) - U.S. bank stocks shed premarket gains on Friday after a U.S. Federal Reserve policymaker crushed surging market expectations of interest-rate cuts saying it was just "premature" to consider lowering borrowing costs. Expectations that a rate cut in early 2024 would help loan growth and lower deposit costs had powered gains in large and regional bank shares in the previous session. The KBW Regional Banking Index .KRX, which closed 4.15% higher in the previous session, dipped 0.8% in early trading, while the S&P 500 Banks Index .SPXBK, slipped 0.4%.
|
By Manya Saini Dec 15 (Reuters) - U.S. bank stocks shed premarket gains on Friday after a U.S. Federal Reserve policymaker crushed surging market expectations of interest-rate cuts saying it was just "premature" to consider lowering borrowing costs. The KBW Regional Banking Index .KRX, which closed 4.15% higher in the previous session, dipped 0.8% in early trading, while the S&P 500 Banks Index .SPXBK, slipped 0.4%. "With interest rates potentially moving lower in 2024, the tailwinds of stable to lower funding cost, borrower alleviation, and improving capital levels should be enough to get investors back," said analysts at brokerage Truist Securities.
|
fc7f0bae-de5c-4128-a1da-7a5d96c85fe1
|
712938.0
|
2023-12-12 00:00:00 UTC
|
Here's Why TopBuild (BLD) Surged 132% in the Past Year
|
DCOMP
|
https://www.nasdaq.com/articles/heres-why-topbuild-bld-surged-132-in-the-past-year
|
nan
|
nan
|
The Federal Reserve's recent decision to maintain a steady interest level bodes well for housing market-related industry companies like TopBuild Corp. BLD, a sense of relief. The Federal Open Market Committee (“FOMC”) unanimously decided to keep the interest rate benchmark between 5.25% and 5.5%. Furthermore, FOMC not only considered holding onto the benchmark but also anticipates at least three rate cuts in the upcoming year.
Apart from the macro tailwind, TopBuild is also benefiting from its focus on multifamily works and commercial projects, along with ensuring operational excellence across its business operations.
Shares of this installer and distributor of insulation and other building products have surged 131.9% in the past year, outperforming the Zacks Building Products - Miscellaneous industry’s 48.6% growth. Increasing demand for commercial projects and multifamily homes has offset the headwinds from softer single-family demand patterns to much extent, thus driving the uptrend.
Image Source: Zacks Investment Research
This Zacks Rank #2 (Buy) company’s earnings estimates for 2023 have moved north to $19.66 per share from $19.35 over the past 30 days. TopBuild also delivered a trailing four-quarter earnings surprise of 14.3%, on average. Furthermore, the growth prospect is solidified with a VGM Score of A, backed by a Value Score of A and a Growth Score of B. The positive trend signifies bullish analysts’ sentiments, robust fundamentals and the continuation of an outperformance in the near term.
Here’s What Makes the Stock Attractive
Focus on Multifamily Bodes Well: Due to affordability issues and increased interest rates, the demand for single-family homes is on the softer side. Although the scenario is expected to normalize in the upcoming period, the current soft demand pattern has affected TopBuild’s top line to some extent. This effect was more than offset by the increased demand for multifamily works. The company expects that the demand pattern is likely to continue in 2024 as well, thus contributing to its growth.
Commercial Installation Driving Growth: On the commercial installation front, TopBuild is witnessing strong bidding activity across its heavy commercial branches, resulting in an increased number of contracts. This uptrend in project wins is contributing to its solid backlog levels. Its current ongoing projects include the renovation of the SeaTac Airport in Washington State, the new Hard Rock Casino in Virginia and various large medical projects. Thanks to the tailwinds, in the third quarter of 2023, the company’s commercial installation business was up 9.4% year over year.
Furthermore, to aid against the ongoing odds, the maintenance and repair work on many commercial and industrial sites serves as a stabilized form of revenue generation. TopBuild is optimistic about its growth opportunities in commercial and industrial end markets in the United States and Canada.
Impressive Earnings Surprise History: TopBuild showcases an impressive earnings surprise history. The company reported an earnings beat in 13 of the trailing 14 quarters, thus solidifying its growth trends.
Furthermore, in third-quarter 2023, earnings topped the Zacks Consensus Estimate by 18.3% and increased 13.1% year over year. For the to-be-reported quarter, the company’s earnings estimates are expected to portray 4.6% year-over-year growth.
Other Key Picks
Here are some other top-ranked stocks from the Construction sector.
EMCOR Group, Inc. EME presently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
It has a trailing four-quarter earnings surprise of 25%, on average. Shares of EME have soared 47.5% in the past year. The Zacks Consensus Estimate for EME’s 2023 sales and earnings per share (EPS) indicates an improvement of 12% and 52.8%, respectively, from the prior-year 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 217.1% 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.
Willdan Group, Inc. WLDN currently sports a Zacks Rank of 1. WLDN delivered a trailing four-quarter earnings surprise of a whopping 850.6%, on average. The stock has gained 13% in the past year.
The Zacks Consensus Estimate for WLDN’s 2023 sales and EPS indicates growth of 14.1% and 47.7%, respectively, from a year ago.
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
EMCOR Group, Inc. (EME) : Free Stock Analysis Report
Willdan Group, Inc. (WLDN) : Free Stock Analysis Report
TopBuild Corp. (BLD) : 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.
|
The Federal Reserve's recent decision to maintain a steady interest level bodes well for housing market-related industry companies like TopBuild Corp. BLD, a sense of relief. Here’s What Makes the Stock Attractive Focus on Multifamily Bodes Well: Due to affordability issues and increased interest rates, the demand for single-family homes is on the softer side. Furthermore, to aid against the ongoing odds, the maintenance and repair work on many commercial and industrial sites serves as a stabilized form of revenue generation.
|
Increasing demand for commercial projects and multifamily homes has offset the headwinds from softer single-family demand patterns to much extent, thus driving the uptrend. Image Source: Zacks Investment Research This Zacks Rank #2 (Buy) company’s earnings estimates for 2023 have moved north to $19.66 per share from $19.35 over the past 30 days. Click to get this free report EMCOR Group, Inc. (EME) : Free Stock Analysis Report Willdan Group, Inc. (WLDN) : Free Stock Analysis Report TopBuild Corp. (BLD) : Free Stock Analysis Report M-tron Industries, Inc. (MPTI) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Image Source: Zacks Investment Research This Zacks Rank #2 (Buy) company’s earnings estimates for 2023 have moved north to $19.66 per share from $19.35 over the past 30 days. Furthermore, in third-quarter 2023, earnings topped the Zacks Consensus Estimate by 18.3% and increased 13.1% year over year. Click to get this free report EMCOR Group, Inc. (EME) : Free Stock Analysis Report Willdan Group, Inc. (WLDN) : Free Stock Analysis Report TopBuild Corp. (BLD) : Free Stock Analysis Report M-tron Industries, Inc. (MPTI) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Image Source: Zacks Investment Research This Zacks Rank #2 (Buy) company’s earnings estimates for 2023 have moved north to $19.66 per share from $19.35 over the past 30 days. Thanks to the tailwinds, in the third quarter of 2023, the company’s commercial installation business was up 9.4% year over year. The company reported an earnings beat in 13 of the trailing 14 quarters, thus solidifying its growth trends.
|
97f928fa-5efe-47b6-8a03-0de2c45c29d3
|
712939.0
|
2023-12-12 00:00:00 UTC
|
Visa (V) Enhances Offerings With Visa Provisioning Intelligence
|
DCOMP
|
https://www.nasdaq.com/articles/visa-v-enhances-offerings-with-visa-provisioning-intelligence
|
nan
|
nan
|
Visa Inc. V recently launched Visa Provisioning Intelligence (“VPI”) to prevent fraud using machine learning. Visa aims to secure the transactions of Visa cardholders by rating the possibility of fraud for token provisioning requests. This way, it will be able to fight token fraud for financial institutions and provide a seamless and secure environment for transactions.
As the security landscape is constantly evolving, Visa is making continuous investments to protect transactions on its network. Visa has invested more than $10 billion in the past five years to enhance its technology, including network security and prevention of fraud. In 2022, Visa aided financial institutions in preventing fraud which would have costed $27 billion. Therefore, continued investments in this space are non-negotiable for companies like Visa. It helps them combat fraud, enhance offerings and thereby improve payment volumes.
Tokenization is one of Visa’s enablers and a powerful technology that encrypts Visa’s 16-digit account numbers to a token, protecting the data from fraudsters. However, this provisioning method can be illegitimately used by fraudsters and this has led to frauds worth $450 million globally in 2022. With VPI, Visa will help financial institutions detect and avert provisioning fraud before it takes place.
VPI will provide a score between 1 and 99, which is a fraud propensity score based on real time. Financial institutions will get this score for each request for token provision, helping them to decline the request with a high score. VPI leverages a supervised machine learning model to understand patterns from past requests across devices, card-on-file tokens and e-commerce. Moves like these are expected to enhance its value proposition, lead to fewer declines, and improve the trust in its network.
Shares of Visa have gained 25.1% in the past year compared with the industry’s 21.9% growth. V currently carries a Zacks Rank #3 (Hold).
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks in the Business Services space are RCM Technologies, Inc. RCMT, APi Group Corporation APG and RB Global, Inc. RBA. While RCM Technologies sports a Zacks Rank #1 (Strong Buy), APi Group and RB Global carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The bottom line of RCM Technologies outpaced estimates in two of the last four quarters and missed the mark twice, the average surprise being 13.3%. The Zacks Consensus Estimate for RCMT’s 2023 earnings suggests an improvement of 1% from the year-ago reported figure. The consensus mark for RCMT’s 2023 earnings has moved 11.1% north in the past 60 days.
APi Group’s earnings outpaced estimates in all the trailing four quarters, the average surprise being 5.94%. The Zacks Consensus Estimate for APG’s 2023 earnings suggests an improvement of 18.1% from the year-ago reported figure. The consensus mark for revenues suggests growth of 6% from the prior-year reading. The consensus mark for APG’s 2023 earnings has moved 4.7% north in the past 60 days.
The bottom line of RB Global outpaced estimates in each of the last four quarters, the average surprise being 18.9%. The Zacks Consensus Estimate for RBA’s 2023 earnings suggests an improvement of 12.5% from the year-ago reported figure. The consensus mark for revenues suggests growth of 111% from the year-ago reported number. The consensus mark for RBA’s 2023 earnings has moved 7.5% north in the past 60 days.
Shares of RCM Technologies, APi Group and RB Global have gained 78.7%, 63.6% and 18.2%, respectively, 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
Visa Inc. (V) : Free Stock Analysis Report
RB Global, Inc. (RBA) : Free Stock Analysis Report
RCM Technologies, Inc. (RCMT) : Free Stock Analysis Report
APi Group Corporation (APG) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Visa has invested more than $10 billion in the past five years to enhance its technology, including network security and prevention of fraud. VPI leverages a supervised machine learning model to understand patterns from past requests across devices, card-on-file tokens and e-commerce. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
|
Image Source: Zacks Investment Research Stocks to Consider Some better-ranked stocks in the Business Services space are RCM Technologies, Inc. RCMT, APi Group Corporation APG and RB Global, Inc. RBA. While RCM Technologies sports a Zacks Rank #1 (Strong Buy), APi Group and RB Global carry a Zacks Rank #2 (Buy) at present. Click to get this free report Visa Inc. (V) : Free Stock Analysis Report RB Global, Inc. (RBA) : Free Stock Analysis Report RCM Technologies, Inc. (RCMT) : Free Stock Analysis Report APi Group Corporation (APG) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Image Source: Zacks Investment Research Stocks to Consider Some better-ranked stocks in the Business Services space are RCM Technologies, Inc. RCMT, APi Group Corporation APG and RB Global, Inc. RBA. While RCM Technologies sports a Zacks Rank #1 (Strong Buy), APi Group and RB Global carry a Zacks Rank #2 (Buy) at present. Click to get this free report Visa Inc. (V) : Free Stock Analysis Report RB Global, Inc. (RBA) : Free Stock Analysis Report RCM Technologies, Inc. (RCMT) : Free Stock Analysis Report APi Group Corporation (APG) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Visa aims to secure the transactions of Visa cardholders by rating the possibility of fraud for token provisioning requests. This way, it will be able to fight token fraud for financial institutions and provide a seamless and secure environment for transactions. Visa has invested more than $10 billion in the past five years to enhance its technology, including network security and prevention of fraud.
|
281122de-988e-4f16-9b8b-5f717636e59a
|
712940.0
|
2023-12-12 00:00:00 UTC
|
3 Stocks Wall Street Bulls Are Betting On Big-Time
|
DCOMP
|
https://www.nasdaq.com/articles/3-stocks-wall-street-bulls-are-betting-on-big-time
|
nan
|
nan
|
InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Why is it so hard to find Wall Street’s favorite stocks?
It has to do with analysts tending to be bullish about the stocks they cover. According to a September 2023 post by FactSet Vice President and Senior Earnings Analyst John Butters, of the 11,062 ratings of S&P 500 stocks, 54.4% were Buy ratings, 40.0% were Hold, and just 5.6% were Sell ratings.
Historically, analysts have been hesitant to put a Sell rating on a stock because it may hurt their investment bankers’ ability to get new business or keep what they already have. You don’t want to step on anyone’s toes.
Interestingly, only two S&P 500 companies had 100% Buy ratings from analysts at the time, although there were plenty above 90%. The names in the top 10 are stocks Wall Street loves.
These will be considered as I put together my list of three stocks to buy that are highly rated by the professionals on Wall Street.
Alexandria Real Estate Equities (ARE)
Source: Vitalii Vodolazskyi / Shutterstock
Of the 13 analysts covering Alexandria Real Estate Equities (NYSE:ARE), 12 rate it either Overweight or an outright Buy, with a target price of $125.50, less than 10% above where it’s currently trading. FactSet’s data show that 100% of analysts in September rated ARE stock a Buy.
You can own real estate and not lose your shirt. At least, that’s the analyst’s perspective. ARE stock is down 18% year-to-date, nearly 40% worse than the index.
Alexandria is a life sciences-focused real estate investment trust (REIT). On Dec. 4, the REIT announced a quarterly dividend of $1.27, 3 cents higher than in Q3 2023 — the annual payment of $5.08 yields a healthy 4.3%. As the company pointed out in its press release, its payout ratio is a low 55% from funds from operations.
In late November, it announced an exclusive partnership with longstanding tenant Eli Lilly (NYSE:LLY) to expand Lilly’s Gateway Labs model to the San Diego life science cluster. Its press release stated:
“Gateway Labs is a shared innovation accelerator designed to speed the discovery of innovative medicines by providing emerging biotechnology companies with mission-critical, flexible laboratories and essential, integrated nontechnical space.”
If you believe in reversion to the mean, ARE stock is down nearly 4% over the past five years. It’s time for some gains for shareholders.
Lamb Weston Holdings (LW)
Source: Nixx Photography / Shutterstock.com
Of the 11 analysts covering Lamb Weston Holdings (NYSE:LW), all 11 rate it either Overweight or an outright Buy, with a target price of $125.00, 19% above where it’s currently trading. FactSet’s data shows that it is the other stock in the index where 100% of analysts in September rated it a Buy.
Lamb Weston was spun off from Conagra Brands (NYSE:CAG) on Nov. 9, 2016. Shareholders got one LW share for every three CAG shares. Since the spinoff, LW shares are up 221% compared to -15% for Conagra.
The company supplies retailers and restaurants with frozen potatoes, sweet potatoes, appetizers and vegetable products. Its products are sold in more than 100 countries. It’s best known for supplying McDonald’s (NYSE:MCD) with its fries. My cats love them.
When it reported earnings in October, it said that the combination of cooling cost pressures and price increases means its results for 2023 should be higher than its original guidance.
For example, it expects 2024 revenue of $6.9 billion at the midpoint, $100 million higher than its guidance earlier this year. On the bottom line, it expects earnings per share of $5.70, up from its guidance of $5.18.
No wonder its shares are up 20% YTD.
Delta Air Lines (DAL)
Source: EQRoy / Shutterstock.com
And finally, the last of Wall Street’s favorite stocks. Of the 23 analysts covering Delta Air Lines (NYSE:DAL), 22 rate it Overweight or an outright Buy, with a target price of $50.00, 24% above where it’s currently trading. FactSet’s data shows that 95% of analysts in September rated it a Buy.
I was a big fan of CEO Ed Bastian’s handling of the airline during the pandemic. In July 2020, I said the company’s decision to keep the middle seat open on flights long after its peers would reward patient investors. They’re up 55% since, significantly higher than Southwest Airlines’ (NYSE:LUV) 11% decline over the same time.
Some on Wall Street have said that business travel is dead. Bastian recently noted that while the airline’s business travel is down 20% from before the pandemic, it’s made up the difference with work-from-home and hybrid workers traveling to other parts of the world for a “workation.”
“The thing that people miss is that while people aren’t traveling for managed business, they’re traveling on the road at a much higher level because mobility has been at a premium because of hybrid opportunities to travel and bring your office with you,” Bastian told CNBC.
Further, he pointed out that Thanksgiving traffic this year was its highest on record. Half serious, this might be the time for Warren Buffett to get back in DAL stock.
On the date of publication, Will Ashworth did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Will Ashworth has written about investments full-time since 2008. Publications where he’s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia.
More From InvestorPlace
The #1 AI Investment Might Be This Company You’ve Never Heard Of
Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In.
The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors
The post 3 Stocks Wall Street Bulls Are Betting On Big-Time 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.
|
When it reported earnings in October, it said that the combination of cooling cost pressures and price increases means its results for 2023 should be higher than its original guidance. Of the 23 analysts covering Delta Air Lines (NYSE:DAL), 22 rate it Overweight or an outright Buy, with a target price of $50.00, 24% above where it’s currently trading. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 Stocks Wall Street Bulls Are Betting On Big-Time appeared first on InvestorPlace.
|
Alexandria Real Estate Equities (ARE) Source: Vitalii Vodolazskyi / Shutterstock Of the 13 analysts covering Alexandria Real Estate Equities (NYSE:ARE), 12 rate it either Overweight or an outright Buy, with a target price of $125.50, less than 10% above where it’s currently trading. Lamb Weston Holdings (LW) Source: Nixx Photography / Shutterstock.com Of the 11 analysts covering Lamb Weston Holdings (NYSE:LW), all 11 rate it either Overweight or an outright Buy, with a target price of $125.00, 19% above where it’s currently trading. Of the 23 analysts covering Delta Air Lines (NYSE:DAL), 22 rate it Overweight or an outright Buy, with a target price of $50.00, 24% above where it’s currently trading.
|
According to a September 2023 post by FactSet Vice President and Senior Earnings Analyst John Butters, of the 11,062 ratings of S&P 500 stocks, 54.4% were Buy ratings, 40.0% were Hold, and just 5.6% were Sell ratings. Alexandria Real Estate Equities (ARE) Source: Vitalii Vodolazskyi / Shutterstock Of the 13 analysts covering Alexandria Real Estate Equities (NYSE:ARE), 12 rate it either Overweight or an outright Buy, with a target price of $125.50, less than 10% above where it’s currently trading. Lamb Weston Holdings (LW) Source: Nixx Photography / Shutterstock.com Of the 11 analysts covering Lamb Weston Holdings (NYSE:LW), all 11 rate it either Overweight or an outright Buy, with a target price of $125.00, 19% above where it’s currently trading.
|
It’s time for some gains for shareholders. FactSet’s data shows that it is the other stock in the index where 100% of analysts in September rated it a Buy. Of the 23 analysts covering Delta Air Lines (NYSE:DAL), 22 rate it Overweight or an outright Buy, with a target price of $50.00, 24% above where it’s currently trading.
|
1be8d99f-a457-4a52-80e1-77261e8ae234
|
712941.0
|
2023-12-12 00:00:00 UTC
|
Lazard (LAZ), Elaia Enter Negotiations for Strategic Partnership
|
DCOMP
|
https://www.nasdaq.com/articles/lazard-laz-elaia-enter-negotiations-for-strategic-partnership
|
nan
|
nan
|
Lazard Ltd LAZ, along with Elaia Partners, has entered exclusive negotiations to form a strategic partnership and launch a private investment platform to meet the increased demand of its institutional and private wealth management clients for private assets.
The transactions that will lead to the creation of the new platform are subject to prior information and consultation of the relevant employee representative bodies, the execution of definitive agreements and regulatory approvals. Notably, the transactions are expected to close in 2024.
The joint asset management firm will be based in Paris. It would enable Lazard and Elaia to meet the capital needs of future French and European technology and deep tech leaders.
The new firm would be led by Xavier Lazarus, co-founder and managing partner of Elaia, along with a newly hired investment team.
Lazard and Elaia focus on investment excellence and performance.
The partnership will help LAZ expand its range of products. Also, LAZ will benefit from the expertise and record of Elaia.
The partnership is expected to serve as a natural extension of Elaia’s growth plan to cover later stages of development, while also benefitting from Lazard’s global distribution network.
It is designed to strengthen Elaia’s presence throughout the development cycle of technology companies. While participating in this new initiative, Elaia would continue to execute its current investment strategy in B2B technology and deep tech sectors.
Evan Russo, the CEO of Lazard Asset Management, informed, “We are excited about this opportunity to partner with Elaia Partners. Elaia Partners brings unique expertise alongside a leading track record in selecting and supporting European technology and deep tech entrepreneurs. This partnership would allow us to expand our investment offering with the ability to provide clients with access to unique private investment opportunities in technology.”
Xavier Lazarus, the co-founder and managing partner of Elaia, stated, “Over the past decade, France and Europe have developed their technology and deep tech entrepreneurial ecosystem, and we have already seen the emergence of global leaders out of our European tech hubs. It is now time for champions to emerge on the financing level. Leveraging Lazard's strong brand and global reputation, as well as the firm’s long history of asset management expertise, the opportunity of this partnership represents a tremendous growth accelerator for Elaia Partners.”
Over the past six months, shares of LAZ have gained 8.9% compared with the industry’s growth of 12.2%.
Image Source: Zacks Investment Research
Currently, LAZ carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Inorganic Expansion Efforts by Finance Companies
Earlier this month, Equity Bancshares, Inc. EQBK, the holding company for Equity Bank, signed a definitive merger agreement to acquire Rockhold Bancorp, the parent company of the Bank of Kirksville, in an all-cash merger transaction.
The closing of the deal, subject to regulatory approval and satisfaction of customary closing conditions, is expected in first-quarter 2024. Notably, Rockhold's sole shareholder has already approved the transaction.
Per the terms of this agreement, the actual transaction value of $44.3 million may be subject to adjustment, based on the adjusted equity capital of Rockhold as of the deal closure.
EQBK expects the transaction to be 36 cents or 12% accretive to earnings per share (EPS) in 2024, and 45 cents or 14.3% accretive to EPS in 2025. EQBK anticipates the tangible book value earnback of 1.3 years.
LCNB Corp. LCNB, the holding company for LCNB National Bank, signed an agreement to acquire Eagle Financial Bancorp, Inc. in a stock-and-cash transaction. The closing of the deal, subject to the approval of Eagle Financial shareholders and regulators, and other customary conditions, is expected in the second quarter of 2024. The approval of LCNB shareholders is not required.
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
Lazard Ltd (LAZ) : Free Stock Analysis Report
LCNB Corporation (LCNB) : Free Stock Analysis Report
Equity Bancshares, Inc. (EQBK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The transactions that will lead to the creation of the new platform are subject to prior information and consultation of the relevant employee representative bodies, the execution of definitive agreements and regulatory approvals. The partnership is expected to serve as a natural extension of Elaia’s growth plan to cover later stages of development, while also benefitting from Lazard’s global distribution network. Leveraging Lazard's strong brand and global reputation, as well as the firm’s long history of asset management expertise, the opportunity of this partnership represents a tremendous growth accelerator for Elaia Partners.”
|
Inorganic Expansion Efforts by Finance Companies Earlier this month, Equity Bancshares, Inc. EQBK, the holding company for Equity Bank, signed a definitive merger agreement to acquire Rockhold Bancorp, the parent company of the Bank of Kirksville, in an all-cash merger transaction. LCNB Corp. LCNB, the holding company for LCNB National Bank, signed an agreement to acquire Eagle Financial Bancorp, Inc. in a stock-and-cash transaction. Click to get this free report Lazard Ltd (LAZ) : Free Stock Analysis Report LCNB Corporation (LCNB) : Free Stock Analysis Report Equity Bancshares, Inc. (EQBK) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Lazard Ltd LAZ, along with Elaia Partners, has entered exclusive negotiations to form a strategic partnership and launch a private investment platform to meet the increased demand of its institutional and private wealth management clients for private assets. Inorganic Expansion Efforts by Finance Companies Earlier this month, Equity Bancshares, Inc. EQBK, the holding company for Equity Bank, signed a definitive merger agreement to acquire Rockhold Bancorp, the parent company of the Bank of Kirksville, in an all-cash merger transaction. Click to get this free report Lazard Ltd (LAZ) : Free Stock Analysis Report LCNB Corporation (LCNB) : Free Stock Analysis Report Equity Bancshares, Inc. (EQBK) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Xavier Lazarus, the co-founder and managing partner of Elaia, stated, “Over the past decade, France and Europe have developed their technology and deep tech entrepreneurial ecosystem, and we have already seen the emergence of global leaders out of our European tech hubs. Leveraging Lazard's strong brand and global reputation, as well as the firm’s long history of asset management expertise, the opportunity of this partnership represents a tremendous growth accelerator for Elaia Partners.” Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research?
|
cc2880af-ddff-46b0-a3af-c03f82c559d8
|
712942.0
|
2023-12-12 00:00:00 UTC
|
Here's Why You Should Buy Casey's (CASY) Stock Right Now
|
DCOMP
|
https://www.nasdaq.com/articles/heres-why-you-should-buy-caseys-casy-stock-right-now
|
nan
|
nan
|
Casey's General Stores, Inc. CASY is well-poised for growth, courtesy of strength across its end markets, business operating model, strong omnichannel capabilities and private-label offerings. The company remains focused on investing in growth opportunities, solidifying its long-term market position, as well as staying committed to shareholder returns.
This Zacks Rank #1 (Strong Buy) company has a market capitalization of $10.3 billion. Over the past six months, it has gained 23.5% compared with the industry’s growth of 26.6%.
Image Source: Zacks Investment Research
Let’s delve into the factors that have been aiding the company for a while now.
Business Strength: Casey's General Stores has been benefiting from strength across its Grocery & Prepared Food businesses. For instance, in the second quarter of fiscal 2024, Casey’s inside sales jumped 6.2% to $1,346.9 million and inside same-store sales increased 2.9%. The impressive performance was driven by strength in the prepared food and dispensed beverage category, including bakery, whole pizza pies and dispensed beverages, as well as non-alcoholic and alcoholic beverages in the grocery and general merchandise category.
For fiscal 2024, Casey's estimates inside same-store sales to increase between 3.5% and 5% and inside margin to grow in the band of 40-41%.
Strategic Focus & Initiatives: The company’s focus on technology advancements, inventory management, along with data analytics, positions it well for future growth. It has been strengthening pizza promotions for guests who are seeking meal solutions, as well as enhancing breakfast lineups. CASY aims to broaden its private label offerings further, capitalizing on a selection of more than 300 premium, budget-friendly snacks and beverages carefully tailored to meet the desires and preferences of customers.
The company's strategic focus on price and product optimization, along with efforts to contain costs and improve distribution efficiency, has also been instrumental in driving sales and expanding profit margins. For instance, in the fiscal second quarter, CASY's gross profit increased 9.2% year over year to $885.6 million, while the gross margin expanded 140 basis points to 21.8%.
Shareholder-Friendly Moves: The company’s shareholder-friendly policies, through dividend payouts and share repurchases, also work in its favor. For instance, in the first six months of fiscal 2024, it paid dividends of $31 million and repurchased shares worth $59.5 million. Exiting the fiscal second quarter, it had $340 million remaining under its existing share repurchase authorization.
Store Expansionary Policy: With a strategic vision to expand, CASY aims to add at least 150 stores by the end of fiscal 2024, ensuring that each store is strategically positioned and stocked with the right products to meet customer demands. This growth strategy seamlessly blends organic expansion and strategic acquisitions.
Other Promising Stocks
We have highlighted three other top-ranked stocks, namely Abercrombie & Fitch ANF, American Eagle Outfitters AEO and Gap GPS.
Abercrombie & Fitch, a leading casual apparel retailer, currently sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Abercrombie & Fitch’s current financial year sales implies growth of 13.3% year over year. ANF delivered an earnings surprise of 713% in the last reported quarter.
American Eagle Outfitters, a retailer of casual apparel, accessories and footwear, currently carries a Zacks Rank #2 (Buy). AEO delivered a trailing four-quarter average earnings surprise of 23%.
The Zacks Consensus Estimate for American Eagle Outfitters’ current financial year sales and EPS implies growth of 4% and 39.2%, respectively, from that reported a year ago.
Gap, a fashion retailer of apparel and accessories, currently sports a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 137.9%, on average.
The Zacks Consensus Estimate for Gap’s current financial year earnings per share indicates growth of 387.5% year over 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
Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report
American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report
The Gap, Inc. (GPS) : Free Stock Analysis Report
Casey's General Stores, Inc. (CASY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Casey's General Stores, Inc. CASY is well-poised for growth, courtesy of strength across its end markets, business operating model, strong omnichannel capabilities and private-label offerings. CASY aims to broaden its private label offerings further, capitalizing on a selection of more than 300 premium, budget-friendly snacks and beverages carefully tailored to meet the desires and preferences of customers. The company's strategic focus on price and product optimization, along with efforts to contain costs and improve distribution efficiency, has also been instrumental in driving sales and expanding profit margins.
|
The Zacks Consensus Estimate for Abercrombie & Fitch’s current financial year sales implies growth of 13.3% year over year. The Zacks Consensus Estimate for American Eagle Outfitters’ current financial year sales and EPS implies growth of 4% and 39.2%, respectively, from that reported a year ago. Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report The Gap, Inc. (GPS) : Free Stock Analysis Report Casey's General Stores, Inc. (CASY) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
The Zacks Consensus Estimate for Abercrombie & Fitch’s current financial year sales implies growth of 13.3% year over year. The Zacks Consensus Estimate for Gap’s current financial year earnings per share indicates growth of 387.5% year over year. Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report The Gap, Inc. (GPS) : Free Stock Analysis Report Casey's General Stores, Inc. (CASY) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
This Zacks Rank #1 (Strong Buy) company has a market capitalization of $10.3 billion. For instance, in the fiscal second quarter, CASY's gross profit increased 9.2% year over year to $885.6 million, while the gross margin expanded 140 basis points to 21.8%. Store Expansionary Policy: With a strategic vision to expand, CASY aims to add at least 150 stores by the end of fiscal 2024, ensuring that each store is strategically positioned and stocked with the right products to meet customer demands.
|
fcbb06d3-b312-46cd-9952-14d1be8e0e14
|
712943.0
|
2023-12-12 00:00:00 UTC
|
Equinor (EQNR) Signs Deal to Acquire Shell's Linnorm Gas Stake
|
DCOMP
|
https://www.nasdaq.com/articles/equinor-eqnr-signs-deal-to-acquire-shells-linnorm-gas-stake
|
nan
|
nan
|
Equinor ASA EQNR reached an agreement to acquire Shell plc’s SHEL share at the Linnorm gas discovery in the Norwegian Sea.
Per the deal, Equinor is set to obtain a 30% stake in the PL 255 license, which encompasses the Linnorm gas discovery.
The agreement depends on Equinor becoming the operator instead of Shell. The deal is scheduled to be completed in the first quarter of 2024.
The Linnorm discovery is the biggest untapped gas find on the Norwegian Continental Shelf, with an estimated 25-30 billion cubic meters of recoverable gas resources. This surpasses the remaining gas reserves in each of the active fields Aasta Hansteen, Martin Linge and Gina Krog.
With the acquisition, Equinor aims to strengthen its presence in the Halten area, aligning with its strategy to enhance its portfolio on the Norwegian Continental Shelf. Equinor currently operates productive hubs in this region and continues to identify appealing opportunities for further development.
The reservoir holds relatively dry gas with a notable CO2 content, a situation characterized by Equinor as complex and challenging. The Norwegian state-owned company is actively investigating the possibility of connecting Linnorm to either its Kristin or Asgard B installations through a tie-back.
In addition to acquiring new assets, Equinor has been involved in divesting some of its current holdings. A recent divestment involves the company’s exit from Nigeria through a deal with Chappal Energies to sell its Nigeria business.
Meanwhile, Shell has been actively engaged in activities in the Gulf of Mexico. Recently, the company obtained the remaining interest in a deepwater field in the U.S. Gulf of Mexico, achieving full ownership of this asset. The field has been developed as a subsea tie-back to the nearby Ursa production hub.
Prior to this, Shell made a final investment decision on a phased three-well program aimed at enhancing production at another development in the U.S. Gulf of Mexico.
Zacks Rank & Stocks to Consider
Equinor currently carries a Zack Rank #3 (Hold).
Investors interested in the energy sector might look at the following companies that presently sport a Zacks Rank #1 (Strong Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.
Murphy USA’s MUSA unique high-volume, low-cost business model helps it retain high profitability, even in the fiercely competitive retail environment.
MUSA remains committed to returning excess cash to its shareholders through continued share buyback programs. As part of this initiative, the fuel retailer recently approved a repurchase authorization of up to $1.5 billion following the completion of the existing $1-billion mandate. The move underscores MUSA’s sound financial position and commitment to reward its shareholders.
The Williams Companies WMB reported third-quarter 2023 adjusted earnings of 45 cents per share, which beat the Zacks Consensus Estimate of 40 cents. The guidance for the 2023 dividend increased 5.3% on an annualized basis to $1.79 per share from $1.70 in 2022.
Williams Companies’ debt maturity profile is in good shape, with its $4.5-billion revolver maturing in 2023. Williams is also paying its shareholders an attractive dividend yielding around 5%. Beside this, the company has a share repurchase program worth $1.5 billion, highlighting its commitment to shareholders.
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
Williams Companies, Inc. (The) (WMB) : Free Stock Analysis Report
Murphy USA Inc. (MUSA) : Free Stock Analysis Report
Equinor ASA (EQNR) : Free Stock Analysis Report
Shell PLC Unsponsored ADR (SHEL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Equinor ASA EQNR reached an agreement to acquire Shell plc’s SHEL share at the Linnorm gas discovery in the Norwegian Sea. Prior to this, Shell made a final investment decision on a phased three-well program aimed at enhancing production at another development in the U.S. Gulf of Mexico. Murphy USA’s MUSA unique high-volume, low-cost business model helps it retain high profitability, even in the fiercely competitive retail environment.
|
Equinor ASA EQNR reached an agreement to acquire Shell plc’s SHEL share at the Linnorm gas discovery in the Norwegian Sea. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. Click to get this free report Williams Companies, Inc. (The) (WMB) : Free Stock Analysis Report Murphy USA Inc. (MUSA) : Free Stock Analysis Report Equinor ASA (EQNR) : Free Stock Analysis Report Shell PLC Unsponsored ADR (SHEL) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Zacks Rank & Stocks to Consider Equinor currently carries a Zack Rank #3 (Hold). This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Click to get this free report Williams Companies, Inc. (The) (WMB) : Free Stock Analysis Report Murphy USA Inc. (MUSA) : Free Stock Analysis Report Equinor ASA (EQNR) : Free Stock Analysis Report Shell PLC Unsponsored ADR (SHEL) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Equinor ASA EQNR reached an agreement to acquire Shell plc’s SHEL share at the Linnorm gas discovery in the Norwegian Sea. Zacks Rank & Stocks to Consider Equinor currently carries a Zack Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank stocks here.
|
04a7ef28-f0cd-41b7-aa0e-1b0a409de682
|
712944.0
|
2023-12-12 00:00:00 UTC
|
Nordstrom (JWN) to Expand Reach With New Rack in Noblesville
|
DCOMP
|
https://www.nasdaq.com/articles/nordstrom-jwn-to-expand-reach-with-new-rack-in-noblesville
|
nan
|
nan
|
Nordstrom, Inc. JWN plans to launch a Nordstrom Rack store in Noblesville, IN, by the fall of 2024. This initiative holds considerable importance for the locals, presenting a mix of cost-effective fashion options, easy shopping experiences, economic advantages and involvement in community activities.
This store, spanning 25,000 square feet, will be situated in the Hamilton Town Center, a notable shopping center that includes other major retailers like Ulta, Ross, Dick's Sporting Goods and Total Wine. Hamilton Town Center is owned and managed by Simon Property Group, and is conveniently located off I-69 and Campus Parkway.
The company underscores the center's ongoing efforts to diversify its retail offerings and cater to a wide range of shopper preferences. With its strategic location and a growing roster of well-known retail brands, Hamilton Town Center continues to establish itself as a key shopping hub in the Indianapolis area.
Image Source: Zacks Investment Research
What’s More?
The store is not just about great deals, it is also about accessibility. Customers can enjoy services, such as online order pickups from Nordstrom.com and NordstromRack.com, making it easier to shop online and collect purchases in stores. Additionally, the store will facilitate easy returns, enhancing the overall shopping experience.
One of the main attractions of Nordstrom Rack is its offering of high-quality products at significantly discounted prices. Shoppers can expect to find fashionable items from Nordstrom, including apparel, shoes, accessories, beauty products and home goods, with discounts of up to 70%. This makes it an ideal spot for fashion enthusiasts looking for premium brands at more affordable prices.
Wrapping Up
The launch of a Nordstrom Rack in Noblesville reflects the company's commitment to expanding its presence and enhancing the shopping experience for a wider range of customers. This growth is in line with its goals and underscores its dedication to making a positive impact in the communities it operates in.
The Zacks Rank #3 (Hold) stock has gained 24.4% in the past three months compared with the industry’s growth of 17.4%.
Three Solid Picks
A few better-ranked stocks are Abercrombie & Fitch Co. ANF, The Gap, Inc. GPS and Deckers Outdoor Corporation DECK.
Abercrombie operates as a specialty retailer of premium, high-quality casual apparel. It currently sports a Zacks Rank #1 (Strong Buy). The company recorded an EPS surprise of 60.5% in the last reported quarter.
You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Abercrombie’s current fiscal-year sales suggests growth of 13.3% from the year-ago reported number. ANF has a trailing four-quarter earnings surprise of 713%, on average.
The Gap is a premier international specialty retailer offering a diverse range of clothing, accessories and personal care products. It currently flaunts a Zacks Rank #1.
The Zacks Consensus Estimate for The Gap’s current fiscal-year earnings indicates growth of 387.5% from the previous year’s reported numbers. GPS has a trailing four-quarter average earnings surprise of 137.9%.
Deckers is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. It has a Zacks Rank #2 (Buy) at present.
The Zacks Consensus Estimate for Deckers’ current fiscal-year sales and earnings suggests growth of 11.4% and 21.2%, respectively, from the year-ago reported numbers. DECK has a trailing four-quarter earnings surprise of 26.3%, 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
Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Nordstrom, Inc. (JWN) : Free Stock Analysis Report
The Gap, Inc. (GPS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
This initiative holds considerable importance for the locals, presenting a mix of cost-effective fashion options, easy shopping experiences, economic advantages and involvement in community activities. With its strategic location and a growing roster of well-known retail brands, Hamilton Town Center continues to establish itself as a key shopping hub in the Indianapolis area. Wrapping Up The launch of a Nordstrom Rack in Noblesville reflects the company's commitment to expanding its presence and enhancing the shopping experience for a wider range of customers.
|
The Zacks Consensus Estimate for Abercrombie’s current fiscal-year sales suggests growth of 13.3% from the year-ago reported number. The Zacks Consensus Estimate for Deckers’ current fiscal-year sales and earnings suggests growth of 11.4% and 21.2%, respectively, from the year-ago reported numbers. Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Nordstrom, Inc. (JWN) : Free Stock Analysis Report The Gap, Inc. (GPS) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
The Zacks Consensus Estimate for The Gap’s current fiscal-year earnings indicates growth of 387.5% from the previous year’s reported numbers. The Zacks Consensus Estimate for Deckers’ current fiscal-year sales and earnings suggests growth of 11.4% and 21.2%, respectively, from the year-ago reported numbers. Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Nordstrom, Inc. (JWN) : Free Stock Analysis Report The Gap, Inc. (GPS) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
One of the main attractions of Nordstrom Rack is its offering of high-quality products at significantly discounted prices. Three Solid Picks A few better-ranked stocks are Abercrombie & Fitch Co. ANF, The Gap, Inc. GPS and Deckers Outdoor Corporation DECK. The Zacks Consensus Estimate for The Gap’s current fiscal-year earnings indicates growth of 387.5% from the previous year’s reported numbers.
|
290edb9a-4e5a-4e1d-adbb-3493654ca8cf
|
712945.0
|
2023-12-12 00:00:00 UTC
|
Reasons Why Hold Strategy is Suitable for SLB Stock Right Now
|
DCOMP
|
https://www.nasdaq.com/articles/reasons-why-hold-strategy-is-suitable-for-slb-stock-right-now
|
nan
|
nan
|
SLB SLB has gained 10.7% year to date compared with 8.6% growth of the composite stocks belonging to the industry.
The Zacks Consensus Estimate for SLB’s 2023 and 2024 earnings are pegged at $2.97 per share and $3.62, respectively.
Image Source: Zacks Investment Research
Factors Contributing to the Stock’s Positive Performance
Strong International Revenue Growth
In the third quarter, the Zacks Rank #3 company (Hold) reported its highest international revenue quarter since 2015, with notable year-over-year growth in the Middle East and Asia, led by significant growth in the key regions such as Saudi Arabia, the U.A.E., Kuwait and Egypt. This indicates a robust and expanding global presence, which is a positive for potential investors.
Resilience in Offshore Markets
The company has exhibited steadfast investment in offshore markets, notably in Africa, Brazil and Scandinavia. The recent completion of the OneSubsea joint venture with Aker Solutions and Subsea7 is anticipated to enhance SLB’s presence in these markets, providing opportunities for prospective growth.
Margin Expansion and Financial Performance
SLB has demonstrated a continuous expansion in EBITDA margins, reaching a new cycle high of 25%, and has experienced pretax segment operating margin expansion for 11 consecutive quarters year over year. This consistent margin expansion is a strong indicator of the company’s efficient operation and profitability.
Investment in Digital and New Energy
SLB is actively channeling investments into digital technologies and emerging energy sectors. The notable surge in users and compute hours on the Delfi digital platform signifies a rising adoption rate, pointing toward potential revenue streams from these technologies.
Opportunities in Transition Technologies
SLB is focusing on transition technologies like Carbon Capture, Utilization and Storage, and methane emission reduction, aligning with global energy transition trends. This strategic focus on emerging technologies positions the company well for market demands.
Strong Financial Outlook
SLB forecasts continued sequential revenue growth, and maintains high pretax segment operating and EBITDA margins. This positive outlook is bolstered by the expected contributions from the OneSubsea joint venture. The company’s strategic ventures like OneSubsea enhance its offering by bringing new levels of technology and partnership to the market.
Risks
While SLB’s business is dependent on upstream operations, the extreme volatility in commodity prices could adversely impact its business. Also, SLB has higher exposure to debt capital than composite stocks belonging to the energy sector.
Stocks to Consider
Investors interested in the energy sector might look at the following companies that presently sport a Zacks Rank #1 (Strong Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.
Murphy USA’s MUSA unique high-volume, low-cost business model helps it retain high profitability, even in the fiercely competitive retail environment.
MUSA remains committed to returning excess cash to its shareholders through continued share buyback programs. As part of this initiative, the fuel retailer recently approved a repurchase authorization of up to $1.5 billion following the completion of the existing $1-billion mandate. The move underscores MUSA’s sound financial position and commitment to rewarding its shareholders.
The Williams Companies WMB is a premier energy infrastructure provider in North America. WMB has a thriving deepwater transportation business. The company's deepwater portfolio includes a 3,500-mile natural gas and oil gathering and transmission pipeline, and is important for the company's future cash flows.
Williams Companies’ debt maturity profile is in good shape, with its $4.5-billion revolver maturing in 2023. It is also paying its shareholders an attractive dividend yielding around 5%. Beside this, the company has a share repurchase program worth $1.5 billion, highlighting its commitment to shareholders.
Ecopetrol S.A. EC operates across various segments of the oil and gas industry, including exploration, development and production of oil and gas, refining, transportation, and sale of petroleum products.
Ecopetrol has witnessed upward earnings estimate revisions for 2023 and 2024 in the past 30 days. The Zacks Consensus Estimate for earnings for EC’s 2023 and 2024 earnings are pegged at $2.32 per share and $2.41, respectively.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Williams Companies, Inc. (The) (WMB) : Free Stock Analysis Report
Schlumberger Limited (SLB) : Free Stock Analysis Report
Ecopetrol S.A. (EC) : Free Stock Analysis Report
Murphy USA Inc. (MUSA) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The recent completion of the OneSubsea joint venture with Aker Solutions and Subsea7 is anticipated to enhance SLB’s presence in these markets, providing opportunities for prospective growth. The notable surge in users and compute hours on the Delfi digital platform signifies a rising adoption rate, pointing toward potential revenue streams from these technologies. Strong Financial Outlook SLB forecasts continued sequential revenue growth, and maintains high pretax segment operating and EBITDA margins.
|
Image Source: Zacks Investment Research Factors Contributing to the Stock’s Positive Performance Strong International Revenue Growth In the third quarter, the Zacks Rank #3 company (Hold) reported its highest international revenue quarter since 2015, with notable year-over-year growth in the Middle East and Asia, led by significant growth in the key regions such as Saudi Arabia, the U.A.E., Kuwait and Egypt. Strong Financial Outlook SLB forecasts continued sequential revenue growth, and maintains high pretax segment operating and EBITDA margins. Click to get this free report Williams Companies, Inc. (The) (WMB) : Free Stock Analysis Report Schlumberger Limited (SLB) : Free Stock Analysis Report Ecopetrol S.A. (EC) : Free Stock Analysis Report Murphy USA Inc. (MUSA) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Image Source: Zacks Investment Research Factors Contributing to the Stock’s Positive Performance Strong International Revenue Growth In the third quarter, the Zacks Rank #3 company (Hold) reported its highest international revenue quarter since 2015, with notable year-over-year growth in the Middle East and Asia, led by significant growth in the key regions such as Saudi Arabia, the U.A.E., Kuwait and Egypt. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Click to get this free report Williams Companies, Inc. (The) (WMB) : Free Stock Analysis Report Schlumberger Limited (SLB) : Free Stock Analysis Report Ecopetrol S.A. (EC) : Free Stock Analysis Report Murphy USA Inc. (MUSA) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Investment in Digital and New Energy SLB is actively channeling investments into digital technologies and emerging energy sectors. WMB has a thriving deepwater transportation business. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research?
|
013e745b-796a-4973-90b5-85687c0edc6b
|
712946.0
|
2023-12-12 00:00:00 UTC
|
Intel (INTC) Launches AI Chips to Drive Growth Momentum
|
DCOMP
|
https://www.nasdaq.com/articles/intel-intc-launches-ai-chips-to-drive-growth-momentum
|
nan
|
nan
|
In a concerted effort to regain its mojo, Intel Corporation INTC has launched AI chips for data centers and PCs. This marks one of the largest architectural shifts for the company in 40 years. The strategic decision is primarily aimed at gaining a firmer footing in the expansive AI sector, spanning cloud and enterprise servers to networks, volume clients and ubiquitous edge environments, in tune with the evolving market dynamics.
The company unveiled Intel Core Ultra featuring the neural processing unit, which enables power-efficient AI acceleration with 2.5x better power efficiency than the previous generation. With superior GPU and CPU capabilities, it is also capable of speeding up AI solutions.
Intel also launched the 5th Gen Intel Xeon processor family that delivers a 21% average performance gain for general compute along with 36% higher average performance per watt across a range of customer workloads. With built-in AI acceleration, optimized software and enhanced telemetry capabilities, the 5th Gen Xeon mainstream data center processor enables more manageable and efficient deployments of demanding network and edge workloads across diverse use cases.
The company further provided an update on the availability of Intel Gaudi3. These chips — known as AI accelerators — are slated to be released in 2024. The next-generation AI accelerator will likely help companies develop chatbots and other rapidly proliferating services for deep learning and large-scale generative AI models. With increasing demand for generative AI solutions, Intel expects to capture a greater pie of the accelerator market in 2024 with its suite of AI accelerators led by Gaudi.
The company remains on track with its 5N4Y (five nodes in four years) program in order to regain transistor performance and power performance leadership by 2025. After launching Intel 7, the company launched Meteor Lake in the third quarter – the 14th generation of processors and the first chip manufactured on the Intel 4 process, featuring a chiplet design (a 7nm build) and extreme ultraviolet lithography (EUV).
While Intel 3 is on track for overall yield and performance targets, Sierra Forest (SRF) is slated for release in the first half of 2024 with Granite Rapids (GNR) following shortly. Intel has also announced the launch of glass substrates for advanced packaging of chips. This industry-leading product is likely to be available for mass consumption in the second half of this decade as the company aims to deliver 1 trillion transistors on a package by 2030.
Intel is strategically investing to expand its manufacturing capacity to accelerate its IDM 2.0 (Integrated Device Manufacturing) strategy. In second-quarter 2023, the company inked an agreement with the federal government of Germany to invest more than 30 billion euros to expand its upcoming semiconductor manufacturing facility in the country. It is likely to work in unison with its existing wafer fabrication facility in Leixlip, Ireland and its planned wafer fabrication facility in Magdeburg, Germany, to help create a first-of-its-kind end-to-end leading-edge semiconductor manufacturing value chain in Europe. It also announced that it would develop a state-of-the-art semiconductor assembly and test facility near Wroclaw, Poland, to cater to the increased demand for advanced semiconductor solutions. These augur well for the long-term growth of the company.
Shares of the company have gained 67.8% in the past year compared with the industry’s growth of 120.8%.
Image Source: Zacks Investment Research
Zacks Rank & Other Key Picks
Intel presently has a Zacks Rank #2 (Buy).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Aviat Networks, Inc. AVNW, presently carrying a Zacks Rank #2, is a solid pick. Headquartered in Austin, TX, Aviat has been a global provider of microwave networking solutions. It offers public and private operators communications networks to cater to the accretive demand for IP-centric, multi-gigabit data services.
Backed by avant-garde technology, Aviat simplifies the entire lifecycle of designing, deploying and maintaining wireless transport networks with greater performance and reliability. The company is well-positioned to benefit from robust market dynamics, cost-reduction efforts, favorable customer mix and higher investments in innovative software solutions. A solid liquidity position and healthy balance sheet are likely to aid the company in executing key long-term strategic objectives.
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.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Intel Corporation (INTC) : Free Stock Analysis Report
Aviat Networks, Inc. (AVNW) : 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.
|
The strategic decision is primarily aimed at gaining a firmer footing in the expansive AI sector, spanning cloud and enterprise servers to networks, volume clients and ubiquitous edge environments, in tune with the evolving market dynamics. With built-in AI acceleration, optimized software and enhanced telemetry capabilities, the 5th Gen Xeon mainstream data center processor enables more manageable and efficient deployments of demanding network and edge workloads across diverse use cases. 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.
|
With built-in AI acceleration, optimized software and enhanced telemetry capabilities, the 5th Gen Xeon mainstream data center processor enables more manageable and efficient deployments of demanding network and edge workloads across diverse use cases. Image Source: Zacks Investment Research Zacks Rank & Other Key Picks Intel presently has a Zacks Rank #2 (Buy). Click to get this free report Intel Corporation (INTC) : Free Stock Analysis Report Aviat Networks, Inc. (AVNW) : 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.
|
After launching Intel 7, the company launched Meteor Lake in the third quarter – the 14th generation of processors and the first chip manufactured on the Intel 4 process, featuring a chiplet design (a 7nm build) and extreme ultraviolet lithography (EUV). Image Source: Zacks Investment Research Zacks Rank & Other Key Picks Intel presently has a Zacks Rank #2 (Buy). Click to get this free report Intel Corporation (INTC) : Free Stock Analysis Report Aviat Networks, Inc. (AVNW) : 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.
|
Intel also launched the 5th Gen Intel Xeon processor family that delivers a 21% average performance gain for general compute along with 36% higher average performance per watt across a range of customer workloads. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research?
|
74b4482b-a7c4-4d0e-b4d4-f6275b7eb89d
|
712947.0
|
2023-12-12 00:00:00 UTC
|
Warren Buffett Just Sold $1.3 Billion of This Stock
|
DCOMP
|
https://www.nasdaq.com/articles/warren-buffett-just-sold-%241.3-billion-of-this-stock
|
nan
|
nan
|
Warren Buffett manages a massive stock portfolio worth about $366 billion for Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B), but he's been slowly culling his equity positions in 2023. The Oracle of Omaha and his team sold $32.8 billion worth of shares during the first nine months of the year, and spent just $9.1 billion purchasing new shares in that same period.
Buffett's latest sale is Hewlett Packard (NYSE: HPQ). Recent filings with the Securities and Exchange Commission (SEC) reveal that Berkshire Hathaway trimmed its position in the PC and printer maker by nearly half between Oct. 3 and Nov. 30, leaving it with 51.5 million shares. The sale of 46.4 million shares likely generated about $1.3 billion based on HP's average stock price during November. That followed Berkshire's sale of about 23 million shares (generating $619 million) in late September and early October.
The conglomerate still holds a substantial stake in HP, but it wouldn't be a surprise if Buffett continued cutting its position.
Image source: The Motley Fool.
Cutting his losses and moving on
Buffett established a position in HP in the first quarter of 2022. Following the surge in PC and printer sales earlier in the COVID-19 pandemic, the outlook for HP in the new work-from-home economy looked promising. Strong free cash flow generation and a generous capital return program for a stock trading at a relatively low valuation made HP a classic Warren Buffett investment.
But things didn't quite pan out as expected. Net revenue pulled back in 2022 and continued falling in 2023. Sales declined 14.6% this year. Earnings per share (EPS) fell 17.6% on a non-GAAP basis. And free cash flow declined 20%.
What's more, management's outlook for 2024 doesn't inspire a lot of confidence that there will be a quick turnaround for the business. Management expects EPS growth of 5% at the midpoint of its guidance range, still well below 2022 levels. Despite an expected recovery in free cash flow, HP will still generate less cash than it did pre-pandemic. That said, management plans to return 100% of its free cash flow to shareholders in 2024 after a paltry amount of share repurchases in 2023.
The long-term outlook for HP's two main businesses isn't that great. The printing segment should decline as more and more businesses push to go paperless. And with more businesses asking employees to return to the office, its consumer printing segment (down 21% last quarter) will continue to decline.
The PC market should see a slight recovery in 2024 after 2023's massive decline. But growth will be slow. International Data Corporation forecasts a 3.7% increase in PC sales next year, and average growth of 3.1% per year between 2023 and 2027. However, it expects Apple to take market share, leaving other PC makers treading water.
With the outlook for HP worsening, it's no surprise Buffett and his team have decided to cut their losses.
What's Buffett's next move?
While Buffett has been a net seller of stocks in 2023, he's built up a massive holding in another security: short-term U.S. Treasuries.
Berkshire Hathaway held a whopping $126.4 billion in Treasury bills with maturities between three months and 12 months as of September 30. The conglomerate's balance sheet showed another $30.8 billion in cash and equivalents, which may include Treasuries maturing within three months.
Since Buffett hasn't seen a lot to get excited about in the stock market, and yields on Treasuries remain relatively high, it's a good bet he'll keep a good amount of money in the short-term bonds.
But there are a couple of stocks Buffett might be buying with at least some of the cash generated from the sale of HP stock.
One of the biggest stock purchases Berkshire Hathaway made last quarter was kept confidential on its quarterly 13F filing with the SEC. Institutional investors with over $100 million in assets are required to file 13F forms, which disclose their portfolio holdings at the end of every quarter. Buffett and his team, however, were able to omit one or more of its holdings last quarter. That's likely because he's looking to buy more.
We don't know much about the mystery stock. However, disclosures in Berkshire Hathaway's third-quarter earnings report suggest that it could be in the financial sector. The cost basis of the holding company's investments in bank, insurance, and financial stocks increased by about $1.2 billion despite the sales of several financial stock positions.
The other possible stock Buffett might buy is his own. Since a rule change that loosened the requirements for Berkshire Hathaway to repurchase shares, the company has bought back shares every quarter. While the stock has moved higher recently, it still trades below its September high. Buffett bought back $665 million worth of shares that month. It's a good bet that he still sees value in his own company's stock.
Should you invest $1,000 in Berkshire Hathaway right now?
Before you buy stock in Berkshire Hathaway, 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 Berkshire Hathaway 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
Adam Levy has positions in Apple. The Motley Fool has positions in and recommends Apple, Berkshire Hathaway, and HP. 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.
|
Recent filings with the Securities and Exchange Commission (SEC) reveal that Berkshire Hathaway trimmed its position in the PC and printer maker by nearly half between Oct. 3 and Nov. 30, leaving it with 51.5 million shares. Strong free cash flow generation and a generous capital return program for a stock trading at a relatively low valuation made HP a classic Warren Buffett investment. Institutional investors with over $100 million in assets are required to file 13F forms, which disclose their portfolio holdings at the end of every quarter.
|
Warren Buffett manages a massive stock portfolio worth about $366 billion for Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B), but he's been slowly culling his equity positions in 2023. Since a rule change that loosened the requirements for Berkshire Hathaway to repurchase shares, the company has bought back shares every quarter. Before you buy stock in Berkshire Hathaway, 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 Berkshire Hathaway wasn't one of them.
|
Warren Buffett manages a massive stock portfolio worth about $366 billion for Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B), but he's been slowly culling his equity positions in 2023. But there are a couple of stocks Buffett might be buying with at least some of the cash generated from the sale of HP stock. Before you buy stock in Berkshire Hathaway, 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 Berkshire Hathaway wasn't one of them.
|
Sales declined 14.6% this year. But there are a couple of stocks Buffett might be buying with at least some of the cash generated from the sale of HP stock. Before you buy stock in Berkshire Hathaway, 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 Berkshire Hathaway wasn't one of them.
|
bc71fa8e-661e-45b1-beec-880c8d06c7ae
|
712948.0
|
2023-12-12 00:00:00 UTC
|
Ex-Dividend Reminder: Albemarle, Avient and Huntsman
|
DCOMP
|
https://www.nasdaq.com/articles/ex-dividend-reminder%3A-albemarle-avient-and-huntsman
|
nan
|
nan
|
Looking at the universe of stocks we cover at Dividend Channel, on 12/14/23, Albemarle Corp. (Symbol: ALB), Avient Corp (Symbol: AVNT), and Huntsman Corp (Symbol: HUN) will all trade ex-dividend for their respective upcoming dividends. Albemarle Corp. will pay its quarterly dividend of $0.40 on 1/2/24, Avient Corp will pay its quarterly dividend of $0.2575 on 1/5/24, and Huntsman Corp will pay its quarterly dividend of $0.2375 on 12/29/23. As a percentage of ALB's recent stock price of $126.54, this dividend works out to approximately 0.32%, so look for shares of Albemarle Corp. to trade 0.32% lower — all else being equal — when ALB shares open for trading on 12/14/23. Similarly, investors should look for AVNT to open 0.70% lower in price and for HUN to open 0.96% lower, all else being equal.
Below are dividend history charts for ALB, AVNT, and HUN, showing historical dividends prior to the most recent ones declared.
Albemarle Corp. (Symbol: ALB):
Avient Corp (Symbol: AVNT):
Huntsman Corp (Symbol: HUN):
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 1.26% for Albemarle Corp., 2.82% for Avient Corp, and 3.83% for Huntsman Corp.
In Tuesday trading, Albemarle Corp. shares are currently off about 1.1%, Avient Corp shares are up about 0.4%, and Huntsman Corp shares are down 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:
Boeing 13F Filers
Institutional Holders of HEC
Top Ten Hedge Funds Holding NOVB
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
As a percentage of ALB's recent stock price of $126.54, this dividend works out to approximately 0.32%, so look for shares of Albemarle Corp. to trade 0.32% lower — all else being equal — when ALB 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: Boeing 13F Filers Institutional Holders of HEC Top Ten Hedge Funds Holding NOVB The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Looking at the universe of stocks we cover at Dividend Channel, on 12/14/23, Albemarle Corp. (Symbol: ALB), Avient Corp (Symbol: AVNT), and Huntsman Corp (Symbol: HUN) will all trade ex-dividend for their respective upcoming dividends. Albemarle Corp. will pay its quarterly dividend of $0.40 on 1/2/24, Avient Corp will pay its quarterly dividend of $0.2575 on 1/5/24, and Huntsman Corp will pay its quarterly dividend of $0.2375 on 12/29/23. Albemarle Corp. (Symbol: ALB): Avient Corp (Symbol: AVNT): Huntsman Corp (Symbol: HUN): In general, dividends are not always predictable, following the ups and downs of company profits over time.
|
Looking at the universe of stocks we cover at Dividend Channel, on 12/14/23, Albemarle Corp. (Symbol: ALB), Avient Corp (Symbol: AVNT), and Huntsman Corp (Symbol: HUN) will all trade ex-dividend for their respective upcoming dividends. Albemarle Corp. will pay its quarterly dividend of $0.40 on 1/2/24, Avient Corp will pay its quarterly dividend of $0.2575 on 1/5/24, and Huntsman Corp will pay its quarterly dividend of $0.2375 on 12/29/23. Albemarle Corp. (Symbol: ALB): Avient Corp (Symbol: AVNT): Huntsman Corp (Symbol: HUN): In general, dividends are not always predictable, following the ups and downs of company profits over time.
|
Looking at the universe of stocks we cover at Dividend Channel, on 12/14/23, Albemarle Corp. (Symbol: ALB), Avient Corp (Symbol: AVNT), and Huntsman Corp (Symbol: HUN) will all trade ex-dividend for their respective upcoming dividends. As a percentage of ALB's recent stock price of $126.54, this dividend works out to approximately 0.32%, so look for shares of Albemarle Corp. to trade 0.32% lower — all else being equal — when ALB shares open for trading on 12/14/23. If they do continue, the current estimated yields on annualized basis would be 1.26% for Albemarle Corp., 2.82% for Avient Corp, and 3.83% for Huntsman Corp.
|
f3f301d4-a86a-4962-9500-bb7bf1703cae
|
712949.0
|
2023-12-12 00:00:00 UTC
|
Ex-Dividend Reminder: Methanex, Frontline and Graphic Packaging Holding
|
DCOMP
|
https://www.nasdaq.com/articles/ex-dividend-reminder%3A-methanex-frontline-and-graphic-packaging-holding
|
nan
|
nan
|
Looking at the universe of stocks we cover at Dividend Channel, on 12/14/23, Methanex Corp (Symbol: MEOH), Frontline plc (Symbol: FRO), and Graphic Packaging Holding Co (Symbol: GPK) will all trade ex-dividend for their respective upcoming dividends. Methanex Corp will pay its quarterly dividend of $0.185 on 12/29/23, Frontline plc will pay its quarterly dividend of $0.30 on 12/29/23, and Graphic Packaging Holding Co will pay its quarterly dividend of $0.10 on 1/5/24. As a percentage of MEOH's recent stock price of $43.45, this dividend works out to approximately 0.43%, so look for shares of Methanex Corp to trade 0.43% lower — all else being equal — when MEOH shares open for trading on 12/14/23. Similarly, investors should look for FRO to open 1.58% lower in price and for GPK to open 0.43% lower, all else being equal.
Below are dividend history charts for MEOH, FRO, and GPK, showing historical dividends prior to the most recent ones declared.
Methanex Corp (Symbol: MEOH):
Frontline plc (Symbol: FRO):
Graphic Packaging Holding Co (Symbol: GPK):
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 1.70% for Methanex Corp, 6.33% for Frontline plc, and 1.71% for Graphic Packaging Holding Co.
Free Report: Top 8%+ Dividends (paid monthly)
In Tuesday trading, Methanex Corp shares are currently up about 1.7%, Frontline plc shares are off about 1.9%, and Graphic Packaging Holding Co 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:
Funds Holding FCB
KOP Next Dividend Date
BYLK 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.
|
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 1.70% for Methanex Corp, 6.33% for Frontline plc, and 1.71% for Graphic Packaging Holding Co. Free Report: Top 8%+ Dividends (paid monthly) In Tuesday trading, Methanex Corp shares are currently up about 1.7%, Frontline plc shares are off about 1.9%, and Graphic Packaging Holding Co shares are up about 0.2% on the day. dividend stocks should be on your radar screen » Also see: Funds Holding FCB KOP Next Dividend Date BYLK 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.
|
Looking at the universe of stocks we cover at Dividend Channel, on 12/14/23, Methanex Corp (Symbol: MEOH), Frontline plc (Symbol: FRO), and Graphic Packaging Holding Co (Symbol: GPK) will all trade ex-dividend for their respective upcoming dividends. Methanex Corp will pay its quarterly dividend of $0.185 on 12/29/23, Frontline plc will pay its quarterly dividend of $0.30 on 12/29/23, and Graphic Packaging Holding Co will pay its quarterly dividend of $0.10 on 1/5/24. Methanex Corp (Symbol: MEOH): Frontline plc (Symbol: FRO): Graphic Packaging Holding Co (Symbol: GPK): In general, dividends are not always predictable, following the ups and downs of company profits over time.
|
Looking at the universe of stocks we cover at Dividend Channel, on 12/14/23, Methanex Corp (Symbol: MEOH), Frontline plc (Symbol: FRO), and Graphic Packaging Holding Co (Symbol: GPK) will all trade ex-dividend for their respective upcoming dividends. Methanex Corp will pay its quarterly dividend of $0.185 on 12/29/23, Frontline plc will pay its quarterly dividend of $0.30 on 12/29/23, and Graphic Packaging Holding Co will pay its quarterly dividend of $0.10 on 1/5/24. If they do continue, the current estimated yields on annualized basis would be 1.70% for Methanex Corp, 6.33% for Frontline plc, and 1.71% for Graphic Packaging Holding Co. Free Report: Top 8%+ Dividends (paid monthly) In Tuesday trading, Methanex Corp shares are currently up about 1.7%, Frontline plc shares are off about 1.9%, and Graphic Packaging Holding Co shares are up about 0.2% on the day.
|
As a percentage of MEOH's recent stock price of $43.45, this dividend works out to approximately 0.43%, so look for shares of Methanex Corp to trade 0.43% lower — all else being equal — when MEOH shares open for trading on 12/14/23. Methanex Corp (Symbol: MEOH): Frontline plc (Symbol: FRO): Graphic Packaging Holding Co (Symbol: GPK): 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 1.70% for Methanex Corp, 6.33% for Frontline plc, and 1.71% for Graphic Packaging Holding Co. Free Report: Top 8%+ Dividends (paid monthly) In Tuesday trading, Methanex Corp shares are currently up about 1.7%, Frontline plc shares are off about 1.9%, and Graphic Packaging Holding Co shares are up about 0.2% on the day.
|
240536c0-25b7-4597-8e4e-3ac8aecc9945
|
712950.0
|
2023-12-12 00:00:00 UTC
|
Toll Brothers (TOL) Surges 83.6% in a Year: More Room to Run?
|
DCOMP
|
https://www.nasdaq.com/articles/toll-brothers-tol-surges-83.6-in-a-year%3A-more-room-to-run
|
nan
|
nan
|
As existing homes for sale remain scarce and mortgage rates improve, the housing forecast looks increasingly optimistic as we approach the New Year.
Given these tailwinds, among the industry bellwethers, Toll Brothers Inc. TOL has been riding high, given the strategy of broadening product lines, price points and geographies. Prudent inorganic drive and the lack of competition in the luxury new home market also act as major tailwinds for this Horsham, PA-based homebuilder.
Shares of this Zacks Rank #3 (Hold) company have gained 83.6% in the past year, outperforming the Zacks Building Products - Home Builders industry’s 65.9% rally. The stock has fared better than the Zacks Construction sector and the S&P 500 Index’s 32.8% and 15.1% rallies, respectively.
Image Source: Zacks Investment Research
The solid price performance was backed by the above-mentioned factors and an impressive earnings surprise history. Its earnings surpassed the Zacks Consensus Estimate in the trailing 14 quarters.
Earnings estimates for fiscal 2024 have moved north to $12.23 per share from $12.08 over the past seven days, depicting analysts’ optimism over the company’s prospects. This bullish trend justifies the stock’s addition to investors’ portfolios.
Let’s delve into the driving factors.
Build-to-Order Approach
The company’s build-to-order model enables its buyers to select their specific home site, structural options and design studio finishes that match their lifestyles and tastes. As the buyers customize their homes, they become both financially and emotionally invested. Additionally, with approximately 26% of buyers paying all cash and the average loan-to-value for those who obtained a mortgage at 69%, affordability is less of an issue for TOL buyers, who tend to be wealthier with more disposable income. As a result, its backlog cancelation rate in the final quarter of fiscal 2023 has been the lowest in the industry for decades in volatile markets.
At the end of the fiscal fourth quarter, Toll Brothers’ backlog was 6,578 homes valued at $6.95 billion. Considering the range of 9,850-10,350 homes projected to be delivered, which increased from 9,597 units in fiscal 2023, the company believes fiscal 2024 to be another solid high-margin year. The company’s backlog is supported by substantial non-refundable down payments.
Focus on Affordability
During the fourth quarter of fiscal 2023, the company's affordable luxury and active adult communities stood out as the strongest performers. The affordable luxury homes and active adult unit sales witnessed year-over-year growth of 109% and 82%, respectively. The affordable luxury homes constituted approximately 46% of the company's fourth-quarter fiscal 2023 unit sales, while luxury homes accounted for 31% and active adults comprised 23%.
Boosting Presence
Based on the land TOL owns or controls, management is targeting community count growth of 10% for fiscal 2024. This reflects accelerating land acquisition and development to meet the resurgence in homebuyer demand. TOL’s extensive geographic footprint and deep land position will allow it to grow its community count in fiscal 2024 and beyond, which is attributable to the faster-than-expected sales of the existing communities.
In fiscal 2023, the company spent about $1,241.9 million on land to purchase approximately 9,352 lots. At the fiscal 2023-end, the company owned and controlled 70,700 lots. In fiscal 2023, it invested $2.3 billion in land acquisition and development.
Enough Liquidity
At the fiscal 2023-end, Toll Brothers had $3 billion of total liquidity, comprising $1.3 billion in cash and cash equivalents and approximately $1.79 billion availability under the revolver capacity. The revolving bank credit facility will not mature until February 2028. Also, total debt at the fiscal 2023-end was $2.86 billion, down from $3.33 billion at the fiscal 2022-end. Debt to capital was 29.6% at the fiscal 2023-end, down from 35.7% at the fiscal 2022-end.
In fiscal 2024, the company anticipates repurchasing $400 million worth of common stock, showcasing its strong financial standing and dedication to rewarding shareholders. Additionally, on Mar 9, 2023, Toll Brothers' board of directors authorized a 5% increase in its quarterly cash dividend to shareholders, raising it to 21 cents per share (equivalent to 84 cents annually). This marks the third consecutive year of dividend hikes by the company.
Hurdles to Cross
The housing sector experiences cyclical patterns influenced by factors such as consumer confidence, prevailing economic conditions, and interest rates. Actions taken by the federal government, including economic stimulus measures, taxation policies, and borrowing limits, have the potential to impact consumer confidence and spending levels, thereby affecting both the economy and the housing market.
Additionally, rising building materials and labor costs are growing concerns for the company’s margin. Labor shortages are leading to higher wages due to limited availability.
Better-Ranked Stocks From the Construction Sector
EMCOR Group, Inc. EME 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, Inc. AYI currently carries a Zacks Rank of 2 (Buy). 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 AWI 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
Toll Brothers Inc. (TOL) : Free Stock Analysis 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
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The company’s build-to-order model enables its buyers to select their specific home site, structural options and design studio finishes that match their lifestyles and tastes. Hurdles to Cross The housing sector experiences cyclical patterns influenced by factors such as consumer confidence, prevailing economic conditions, and interest rates. Actions taken by the federal government, including economic stimulus measures, taxation policies, and borrowing limits, have the potential to impact consumer confidence and spending levels, thereby affecting both the economy and the housing market.
|
The affordable luxury homes constituted approximately 46% of the company's fourth-quarter fiscal 2023 unit sales, while luxury homes accounted for 31% and active adults comprised 23%. At the fiscal 2023-end, Toll Brothers had $3 billion of total liquidity, comprising $1.3 billion in cash and cash equivalents and approximately $1.79 billion availability under the revolver capacity. Click to get this free report Toll Brothers Inc. (TOL) : Free Stock Analysis 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 To read this article on Zacks.com click here.
|
Shares of this Zacks Rank #3 (Hold) company have gained 83.6% in the past year, outperforming the Zacks Building Products - Home Builders industry’s 65.9% rally. The affordable luxury homes constituted approximately 46% of the company's fourth-quarter fiscal 2023 unit sales, while luxury homes accounted for 31% and active adults comprised 23%. Click to get this free report Toll Brothers Inc. (TOL) : Free Stock Analysis 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 To read this article on Zacks.com click here.
|
Shares of this Zacks Rank #3 (Hold) company have gained 83.6% in the past year, outperforming the Zacks Building Products - Home Builders industry’s 65.9% rally. At the end of the fiscal fourth quarter, Toll Brothers’ backlog was 6,578 homes valued at $6.95 billion. Zacks Investment Research has just released an urgent special report to help you bank on this trend.
|
59f7b620-e99a-4ddd-b54e-6e624158a37b
|
712951.0
|
2023-12-12 00:00:00 UTC
|
Airline Mergers Give Us Something to Talk About
|
DCOMP
|
https://www.nasdaq.com/articles/airline-mergers-give-us-something-to-talk-about
|
nan
|
nan
|
In this podcast, Motley Fool analyst Jason Moser and host Deidre Woollard discuss:
The possibility of the Alaska Airlines and Hawaiian Airlines deal going through.
If airlines become less special as they grow.
The race to bring GLP-1 weight loss drugs to market.
Deidre chats with Solo Brands CEO John Merris about the company's collection of brands and where it could be headed next.
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.
Should you invest $1,000 in Alaska Air Group right now?
Before you buy stock in Alaska Air 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 Alaska Air Group wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 7, 2023
This video was recorded on Dec. 04, 2023.
Deidre Woollard: Two state named airlines, one big merger. Motley Fool Money starts now. Welcome to Motley Fool Money. I'm Deidre Woollard here with Motley Fool analyst, Jason Moser. Jason, how's it going today?
Jason Moser: Hey, Deidre, doing well. How about yourself?
Deidre Woollard: Doing well. So yesterday afternoon was all of a sudden a go to your computer moment for me because a big merger in the airline world was announced yesterday. They had the conference call and everything. So Alaska Airlines and Hawaiian Airlines, they're combining in a deal worth around 1.9 billion. The first thing that came to my mind was, wait a second, we've already got a deal going on with JetBlue and Spirit and they're fighting the DOJ. Is this one going to happen?
Jason Moser: Well, yeah, that's a good observation. JetBlue and Spirit, that definitely is not a done deal to this point. Still in court I think just wrapping that up. I do think I feel like the JetBlue and the Spirit that it could have an impact on this deal. I don't think it will though. The main reason why I think the JetBlue and the Spirit deal there's greater implications on the value focused consumer where that deal is concerned, I think. Those are two airlines that are very clearly focused on the value consumer, which is great. You want that market that can scratch every inch, so to speak. I think from that perspective, these deals are different enough. Alaska and Hawaiian aren't necessarily as focused on that value oriented customer as they are about the geography of the locations that they serve and those locations are unique. I don't know that it's necessarily something that impacts that value focused consumer as much. I think from that perspective, they're different enough. I feel like this deal probably has a better chance of going through. Certainly it shouldn't go through the same scrutiny, I think that the JetBlue and Spirit deal are going through now. But by the same token, hey, listen, anything can happen.
Deidre Woollard: [laughs] That is something we've learned. But yeah, you make a good point there because with the JetBlue and Spirit thing, you have that overlap on routes and you don't have that as much with these two. The other thing is also is that Alaska is the distant fifth at this point to the major airlines. Although this deal could make it if it happens, a closer competitor even though it's still relatively a niche player.
Jason Moser: Yeah. You look at these airlines put together, the merits here I think they make a lot of sense. They are pro consumer. I think it's pro competitive. I think when you look at these two combined, you would have 1,400 flights per day, only 12 really areas of overlap there. You're having something where you're not having to get rid of a ton of redundancies. It does feel like it just makes this entire network more valuable. They'll be able to expand the unique location served and ultimately, I think an important part of this is that they're really going to be able to broaden the international portfolio over time. When you consider where these two locations, Alaska and Hawaii, these are areas that really open up a whole new side of the world that maybe they wouldn't have necessarily had the opportunity to pursue otherwise. They did put some numbers around it feeling like this could result in $235 million, potential synergy savings that even seems like a low number when you look at the context of the deal and I think a lot of that really boils back down to the fact that this is not something where they're eliminating a lot of redundancies. It does seem just more to make the entire network more valuable and I think that's important to note.
Deidre Woollard: Yeah. I think that is important. I think the other thing with this one too is, it's a different airline thing too. Because these airlines are very niche and they're very particular. One of the things that I think about with Alaska is they talked about minimal disruption, so that's a good thing. But they talked about what they learned during the Virgin America acquisition. I really like the Virgin. I like their safety videos. I like the vibe and Hawaiian Airlines I don't know if you've ever traveled on it, but there's a Hawaiian spirit to it. There's the whole Aloha thing. I don't know, I worry that there is going to be that loss of character. What do you think?
Jason Moser: Well, there could be, but I'm glad you made that point because I think there is something to that. I think on the one hand, when you're just talking about domestic travel here in the contiguous 48, airlines are just a commodity, I think for the most part. People just want to get from point A to point B at a reasonable cost and they're not so worried about the identity, or the culture, or the vibe as the kids these days might call it. But it is something when you look at Alaska, when you look at Hawaiian Airlines, I think, Copa Airlines is another one that stands out to me and that's just because, we used Copa when we flew to Costa Rica back. There's an identity associated, a brand, a feeling that I wouldn't say is necessarily a competitive advantage, but it's a differentiator. It's neat, it's nice. It's something that I think makes the traveling experience a little bit more fun, a little bit more adventurous, a little bit more memorable. So I do think, it's important to note, both CEOs feel it's very important that assuming this does happen, they want to maintain both brands, they want to maintain both identities. They're not looking to really create some hybrid here. It's just a matter of utilizing the scale to better serve people, and so I think that's something they'll make sure to focus on is continuing that distinct identity that they both have built up through the years.
Deidre Woollard: Yeah, and I think the vibe matters more when you're on vacation. It matters less if you're just taking a flight that you have to take for business or business travel or something like that. It's just different. But it made me nostalgic for the brands that [laughs] we've lost because there were some airline brands, like little niches that I loved. Like when Delta had Song that used to run from Boston to Florida, I love that. There was a very particular vibe to that. Are there any that you remember that you just loved? Did you like Eastern Way back when?
Jason Moser: I can't believe you said because I was going to say that is exactly the name I was going to point out here. I don't know that I would look at Eastern as being so unique. Maybe in its time, I guess it was. But I definitely, have found memories of Eastern Airlines back in the day and the reason why ultimately is it's the first flight I ever took by myself. No parents, I was like five years old. I flew to Greensboro, North Carolina to go visit my grandparents. I was on my own. This was a really big deal. It was a life event for me, a life event for my parents. I was five and I still remember it vividly when you asked that question that Eastern was the first one that popped in my mind. I can't believe you said that.
Deidre Woollard: [laughs] I remember it because I grew up in Boston and I used to be able to take the shuttle to visit my aunt in New York City at then, and it was one of those things where they would actually take your credit card on the plane. [laughs] You could just get on the plane, it's crazy. Well, the New York Times had this opinion piece related to the JetBlue merger and the headline was that the bigger airlines get the worse they become. What do you think? Is that accurate?
Jason Moser: There's probably something to that. That maybe goes back to that brand identity and focusing on that niche customer that you're serving, like the experience, that vibe, whether it's Hawaii or Alaska or Central America, whatever it may be. Yeah, I think the bigger things, they lose a little bit of that touch. I think that the airlines, retail, restaurants, I think that that's just one of the unfortunate things that comes with growth in many cases.
Deidre Woollard: Well, the market hasn't really loved this for Alaska, obviously, they loved it for Hawaiian. But one of the things that I was thinking about with this was not just the commercial side of this, but Hawaiian has this partnership with Amazon, I think it was announced last year, this relationship to ship packages, which they kind of needed at the time. It was material to their business. It feels less material to Alaska's business right now, but maybe there's a possibility there that this becomes a bigger part of it and that actually might be really good news for Alaska down the road a bit.
Jason Moser: I think it could be. When you look at the nature of this deal from the get-go, I agree, this is something that's more important for Hawaiian than it would be for Alaskan. There's no reason it shouldn't continue though, I don't think. When it was announced, I believe it was late 2022, there's an eight-year contract, aircraft are provided by Amazon. I think it's interesting to note, there are some costs associated with the relationship that will be ultimately pass-throughs for Hawaiian, high-margin revenue for Hawaiian, I think in this case. Certain costs like fuel, for example, fuel is a pass-through for them. This is something where Amazon is really getting in there and offering a lot of support to be able to make this happen and relying on Hawaiian's expertise and their hubs, their network, their ability to be able to get things to places in a timely manner. I don't think this is anything that really prevents that relationship from continuing, and I agree, I think that when you look at the combined entity, I absolutely can see a world where Amazon would want to expand this relationship. Because ultimately, this is something that I think will give these two airlines, if they're combined, a greater international presence with new markets served. Well, mostly in the Amazon, it's all about new markets served. They're looking for as many markets as they can find, so I think this is something where it wouldn't surprise me at all to see the relationship with Amazon ultimately grow if these two do end up combining.
Deidre Woollard: Well, and also Amazon, as part of that deal, they got a stake in Hawaiian, so that starts to become more interesting as you go down the road a bit.
Jason Moser: Warrants to acquire up to 9.4 million Hawaiian holdings, common shares over the next nine years, so going to be interesting to see how that all shakes out.
Deidre Woollard: For me, that's the wild card in this deal. The rest of the deal is pretty standard. We see these things with airlines all the time, but that was the part of the deal that made me get a little more excited about it.
Jason Moser: Oh, yeah. Absolutely.
Deidre Woollard: Well, I want to switch over to talk a little bit about another MNA Monday, which is the deal for Roche, the pharmaceutical company, to acquire Carmot Therapeutics for 2.7 billion in cash. Which is really interesting considering I think equity invested in it is about 385 million, so this just seems to me like, boy, everybody wants in on these GLP-1 drugs. [laughs] They just got to spend to get it. With Carmot, they're working on both the oral and the injectables for Type 2 diabetics with obesity and also one of them is for Type 1. This just seems like everyone just is rushing into this space right now. Does every major drug company need to be targeting this right now?
Jason Moser: This seems like the AI of the pharmaceutical industry.
Deidre Woollard: Right? Yes.
Jason Moser: Pharma obviously is going to tell you they're using AI for everything that they're doing as well and then they are.
Deidre Woollard: True.
Jason Moser: But this does seem like the AI hype for the pharmaceutical industry and they're all clamoring for presence in the space. I understand why, we've talked about the numbers before, but when you look at the data, you get 40% of Americans are considered obese, so you get 7.7% that are considered severely obese, over 30% of Americans considered overweight. All of that leads into the challenges with diabetes and whatnot, so these companies are all trying to figure out an opportunity at least. Because this is not an opportunity that's going to last forever, and so clearly, it's a problem, they're looking for ways to solve it and so it's not surprising to see Roche get in here and actually make this bid.
Deidre Woollard: It's interesting. You mentioned AI, and I'm thinking about these two cycles and I'm thinking about the ways that they're similar and differ. The way that they're the same is obvious, everyone's trying to figure out the angle, with tons of money flooding into this base. But with AI, your biggest risk is probably maybe oversupply of certain things or over-investing in areas. It seems to me with investing in GLP-1 drugs, you've got this other risk which is, any time you invest in biotech in a drug, it's like what if something happens? We're so new into this, what if something is discovered it causes cancer or there's other symptoms? We've heard already of certain digestive symptoms and pancreatitis and things like that. As an investor, you see these two cycles, how do you think about the risks with that?
Jason Moser: Well, I think it's a difficult situation because they're looking at a solution. They're looking at essentially a long-term solution to a serious problem, but they don't necessarily have the data to support whether it actually is an effective long-term solution. When you talk about using these types of drugs on an ongoing basis, and that's what it is really in many cases here. This is becoming a lifestyle thing and this is going to be something that you as a person will need to be doing for the rest of your life. They don't really have a lot of information as to how many of these drugs will actually impact you using them for 5, 10, 15, 20 years and beyond. From that perspective, it does feel like making this acquisition, getting Carmot, they get at least a pipeline with some potential candidates. Because a lot of these companies, you're either hitting a home run or you're striking out, and there's no in-between. It either works or it doesn't. Roche is getting three distinct drugs in the pipeline that are going through trials right now. You get CT-388 which is a Phase 2 ready drug, CT-996 which is Phase 1, and then in CT-868 which is Phase 2. They're going through the process. That's great, that's what you want to see, but that's not the end. I mean, just getting them cleared then ultimately they need time to understand the data and the only thing that cures that is time. Now, hopefully they discover the drugs that are more challenged earlier on and they're able to eliminate those from contention. But it is a very, very difficult process to get through and just a really tough one because there are so many different potential outcomes with so many different potential drugs. The possibilities seem endless at this point, which is both a good thing and obviously a challenging thing as well.
Deidre Woollard: It's interesting because that happened last week with Pfizer, they're testing GLP-1 pill and they've got a twice daily, one that they're testing in a once daily, one that they're testing in the twice daily one, the side effects were too great and that just tanked the stock. It is injecting a little, pardon the pun. [laughs] It is bringing a little more risk to these companies in that they're now really tied to this a bit more and with a 2.7 billion dollar acquisition, that is a very big bet and that could go really well or not so well.
Jason Moser: It is. Playing the odds they feel like that size of a deal, you're getting that pipeline and that's really the nature of these kinds of deals. You're not necessarily looking for the certainty, but you're looking for the pipeline that will give you the best opportunity for a more certain outcome. I think that's what Roche feels like they're getting with this deal and given the pipeline there, it seems like a reasonable assumption.
Deidre Woollard: Yeah, I think so. Well, thanks for spending this M&M Monday with me, Jason.
Jason Moser: Yeah, you got it. Thank you.
Deidre Woollard: If you're a regular Motley Fool Money listener, you're probably well aware of how dividend stocks have the potential to really supercharge your portfolio's returns. Dividends have accounted for around 40% of the total return of the S&P 500 since 1930 and of course have been an important tool for all time greats like Benjamin Graham and Warren Buffett. Our top notch analysts at Motley Fool Stock Advisor certainly agree and have put together a list of five quality dividend payers that are also recommendations in our Stock Advisor service. The report is free to you just as a thank you for listening to our podcast. No purchase necessary. Just go to fool.com/dividends and we'll email it directly to your inbox. That's fool.com/dividends to claim your five dividend stock recommendations now. Solo Stove recently made headlines for its viral stunt with Snoop Dogg. I sat down with John Merris, CEO of Solo Brands to discuss the company's unique collection of brands and where the company's headed next. Well, I'm excited to talk about the brand umbrella and let's start by talking about what Solo Brands is, because you've got a variety of different, really eclectic products. You've got the fire pits and the stoves, which are very popular. You've got clothing, you've got kayaks and paddle boards. I was trying to find a link here and I feel like it's like a strong social presence upstart beloved brands and also lifestyle focused. Is that how you view it?
John Merris: Yeah, absolutely. Maybe said differently, the two commonalities that I tend to center around are first and foremost that these are brands that we're all digitally native. They all started out as e-commerce businesses first and then rolled into a retail component, and have some element of that. But there was a center around e-commerce and around building direct relationships with customers that we really liked. Then the second one being that all of these brands are very focused on experiential, putting smiles on faces, making people's lives a little bit better via those experiences. We really like the smiles experiences component to it and then obviously our ticker is DTC. That's the ticker we trade under and we're very focused on that direct to consumer relationship and being able to drive that relationship directly with the customer.
Deidre Woollard: Yeah. Interesting because they are, I would describe them as enthusiast brands. Solo Stoves has really become popular, people like it. But these are one time purchases except for the Chubbies, although I know with Solo you've got accessories and things like that. I was curious about that because now you've moved into the pizza of a category, which is a category that didn't really exist that much a few years ago, and now it seems to be a very popular category, people do love their pizza. How do you discover shifts like that when you're trying to build businesses? Because it seems like some of these businesses you've actually found an opportunity where there wasn't really one before.
John Merris: It goes back to what I was just describing on that direct-to-consumer relationship because most of our transactions, especially in our first decade, came through e-commerce as a channel. We had this one to one relationship and customers were giving us feedback all the time, sometimes indirectly, just through the way that they're purchasing, but oftentimes directly. They're saying, gosh, we found this product and it's really cool, so a customer might find a backyard pizza oven product. But then they would have a frustration with it, like, it does this really well, but it doesn't heat evenly, and Solo Stove should totally look at this. What happened is we would just start listening to customers, and then ultimately that would drive us into new categories. Pizza is obviously the one that you highlighted. We just recently in the last couple of months launched basically the Solo Stove modern day version of a patio torch that a lot of people have seen in the past. This is basically you stake it in the ground and it's literally like a torch, you put gel fuel in, and it's citronella and it's an insect repellent, it's an ambiance deal and burns for five hours, but this is just customers like super frustrated, every year they were having to change out their torches and they're like Solo Stove, everything seems to last longer could you guys design something? Most of our product innovation and our category expansions have come from customers telling us categories that they want us to play in.
Deidre Woollard: You mentioned earlier that your ticker is DTC so direct to consumer, but your business is actually really evolving into multi channels. Tell us a little bit about what's happening there and how you're thinking about that balance of that direct to consumer business which has been really strong and also this new emerging wholesale business.
John Merris: So often, direct to consumer is referenced as a channel versus a relationship. The way that I think about DTC, or direct to consumer, is more as a relationship than a channel. When I think about channels, e-commerce, retail, wholesale, marketplace, even corporate for us, has become a really meaningful channel. These are all channels, but what's interesting is that we have found that via intentionality, we actually have been able to build direct relationships with customers through all of those channels. They just look a little bit different. For instance, with our wholesaler or retail partners, when a customer purchases a product in the store, we now are finding ways to drive that customer back to our site to register product, to follow up with an accessory purchase, to receive a free gift, and ultimately continue to still drive a new relationship, a direct relationship with a customer, even though their first entrance to the brand came through a wholesaler or a retailer. Somebody asked me recently, do you plan to change your ticker? Is DTC going to be irrelevant now? The reality is, my quick answer was, I've learned never to say never, but relationship is going to continue to matter, that direct relationship with the customer is going to continue to matter to us in a meaningful way, and regardless of the channel dynamic of where we're selling or bringing that customer in for the first time, we're still going to be very focused on driving a direct relationship with a customer regardless of that channel.
Deidre Woollard: As you get deeper into these relationships, on your recentearnings call you talked about exporting goods, your growing relationship with Target. What are you looking for in a retailer and are you seeing variations by region or by product?
John Merris: There's two main focuses whenever we're going into a new retailer. The first one is, does it build brand equity? What I mean by that is, one, is it a retailer that when a consumer equates that retailer to our brand, is it going to build the brand? Associated with that is we think about it in a big way like traffic. We do traffic on our website. We can pay for traffic via digital marketing expense, or we can partner with a retailer who gives us broad exposure in a big way to eyeballs. Take Target as an example, this week we'll launch in 2,000 Target stores roughly across the entire US with a Solo Stove product and merchandising strategy. All of that traffic that's flowing through the stores are now going to have eyeballs on Solo Stove in a new way, and many of those customers are not online shoppers. That's a big brand awareness play for us. The second component for us is, we want to meet the needs of the customer. I've been talking about this, but the importance of the customer being able to have optionality and find us when they want us, where they want us, and making it convenient for consumer, to interact with our brand is really important. Retailers are helping us do that in broad scale. Those are the two things we're focused on is, brand building and brand awareness/traffic, and then ultimately meeting the needs of the customers by being where they are when they want us to be there.
Deidre Woollard: I know another thing that you've been pursuing within this wholesale effort is the the shop in shop strategy. I've been fascinated by this, studying retail, because now it seems like you have these two things you have. Putting things in stores, getting shelf space, that's one thing. But then there's this other thing now of having stores within stores, designated area, designated branding. I'm seeing more and more retailers pursue this. Target, which we've talked about, but Macy's everywhere seems to be really doing a lot more of this store-within-a-store strategy. Sounds like that's probably a tailwind for you, right?
John Merris: Absolutely. It is interesting. Like you said, it's two very different things. It used to be you just fight really hard to get into a new retail partner and then you're just on the shelf, and then over time maybe you fight your way toward, closer and closer toward that end cap. Now it's becoming much more experiential, and I think retailers have figured out, at the end of the day, retailers are looking at revenue per square foot. That is an important metric that they follow and via both case studies, even with our own brand, but obviously across many brands in different retailers. They're finding that their revenue per square foot actually can go up even when they offer more square footage, what might be considered less efficient real estate, because they are these bigger displays, they actually, are driving more revenue per square foot within those displays. These are important metrics. We're watching them closely and making sure that it's merchandised the right way, but we do feel and are seeing that consumers enjoy being able to come in and experience a brand in a different way, even within a retailer and it's driving better purchase activity and behavior in those shopping shops. We're hopeful in '24, that we're going to continue to expand in and several more of those shopping shops.
Deidre Woollard: Thinking about this strategy right now, as you're growing and potentially acquiring, how do you balance that with debt? Being a young company, needing to take advantage of opportunities, but also needing to be responsible as a publicly traded company. You've got a lot of different things, little details to keep in the air there. How do you think about that?
John Merris: We've had the good fortune to have very little debt on our balance sheet relative to our EBITDA generation. We've been a profitable business since the first year we started as Solo Stove in 2011, and we've been very cash generative during that time as an e-commerce business. When you put those metrics together, or those business qualities together of EBITDA positive and cash flow positive, it puts you in a stronger position to be able to open up doors for opportunities and make decisions not necessarily based on your liquidity capabilities, but more based on what's best for the business. This year we have talked quite a bit about how much cash we plan to be cash flow positive on the year and it's quite impressive. This is a business that is very profitable in the mid to high teens, from an EBITDA perspective. This year generating right around the EBITDA level of cash as we're generating EBITDA on the year. That's putting us in a great position. I think we're right around 1.6 times lever from a debt perspective, so a very low debt leverage, and planning to be at or below one times lever by the end of this year. We're in a very strong cash position and we have great liquidity, and as we see opportunities, we'll continue to find ways to invest in long term growth.
Deidre Woollard: Last question for you, if everything goes as you hope and your strategy goes along, what does Solo look like in five or 10 years?
John Merris: It's a business we've talked a lot about our international expansion efforts, but this is a business that we see tremendous potential to create a household brand. There are brands out there that we admire a lot. One that comes to mind that's just down the street from us, down in Austin, and we're up in Dallas, is Yeti. They've done a fantastic job building brand awareness. I'm not sure what their unaided brand awareness is, but I would imagine it's quite high. Ours is still very early in its story, I think 5-10 years from now, our brand is much better known. As popular as our products have become, there are still so many people that don't know who Solo Stove is as a business, or especially any of our other brands, and so we're continuing to drive that message and build more brand awareness. But this is a company that has a potential to be well into the billion dollar plus revenue range, continue to be profitable, and continue to be innovating great experiential products for our customers inside and outside home.
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, and see you tomorrow.
Deidre Woollard has no position in any of the stocks mentioned. Jason Moser has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Pfizer and Target. The Motley Fool recommends Alaska Air Group, Copa, Delta Air Lines, Hawaiian, and Roche Ag. 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.
|
This is something where Amazon is really getting in there and offering a lot of support to be able to make this happen and relying on Hawaiian's expertise and their hubs, their network, their ability to be able to get things to places in a timely manner. Deidre Woollard: Well, I want to switch over to talk a little bit about another MNA Monday, which is the deal for Roche, the pharmaceutical company, to acquire Carmot Therapeutics for 2.7 billion in cash. We just recently in the last couple of months launched basically the Solo Stove modern day version of a patio torch that a lot of people have seen in the past.
|
In this podcast, Motley Fool analyst Jason Moser and host Deidre Woollard discuss: The possibility of the Alaska Airlines and Hawaiian Airlines deal going through. Before you buy stock in Alaska Air 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 Alaska Air Group wasn't one of them. The Motley Fool recommends Alaska Air Group, Copa, Delta Air Lines, Hawaiian, and Roche Ag.
|
In this podcast, Motley Fool analyst Jason Moser and host Deidre Woollard discuss: The possibility of the Alaska Airlines and Hawaiian Airlines deal going through. For instance, with our wholesaler or retail partners, when a customer purchases a product in the store, we now are finding ways to drive that customer back to our site to register product, to follow up with an accessory purchase, to receive a free gift, and ultimately continue to still drive a new relationship, a direct relationship with a customer, even though their first entrance to the brand came through a wholesaler or a retailer. The reality is, my quick answer was, I've learned never to say never, but relationship is going to continue to matter, that direct relationship with the customer is going to continue to matter to us in a meaningful way, and regardless of the channel dynamic of where we're selling or bringing that customer in for the first time, we're still going to be very focused on driving a direct relationship with a customer regardless of that channel.
|
In this podcast, Motley Fool analyst Jason Moser and host Deidre Woollard discuss: The possibility of the Alaska Airlines and Hawaiian Airlines deal going through. Those are the two things we're focused on is, brand building and brand awareness/traffic, and then ultimately meeting the needs of the customers by being where they are when they want us to be there. As popular as our products have become, there are still so many people that don't know who Solo Stove is as a business, or especially any of our other brands, and so we're continuing to drive that message and build more brand awareness.
|
faa30c57-2a06-450f-b9a4-2c19d6eb38ae
|
712952.0
|
2023-12-12 00:00:00 UTC
|
FAA proposes requiring Boeing 737 part replacements after 2018 Southwest fan blade death
|
DCOMP
|
https://www.nasdaq.com/articles/faa-proposes-requiring-boeing-737-part-replacements-after-2018-southwest-fan-blade-death
|
nan
|
nan
|
By David Shepardson
WASHINGTON, Dec 12 (Reuters) - The Federal Aviation Administration said Tuesday it was proposing three directives to mandate engine housing inspections and component replacements on Boeing BA.N 737NG airplanes after a 2018 Southwest Airlines LUV.N fatal fan blade incident.
The directives cover 1,979 U.S.-registered and 6,666 737 airplanes worldwide and would require operators to inspect and replace certain components on the engine cowling by July 2028.
Boeing said it supported the FAA's proposal to make mandatory a set of service bulletins it made "to improve the design of the 737NG. ... Airlines can continue safely operating the fleet with interim actions until permanent modifications can be made."
The 737NG was the newest version of the best-selling jet before the 737 MAX was introduced.
A passenger was killed on a Southwest Airlines plane in April 2018 after an engine failure caused by a broken fan blade, the first accident fatality on a U.S. passenger airline since February 2009.
The National Transportation Safety Board had called on Boeing to redesign the fan cowl structure after the incident.
The FAA said on Tuesday Boeing developed modifications to the inlet cowl, fan cowl, and exhaust nozzle that must be installed by July 2028.
The accident occurred 20 minutes into the flight when a fan blade fractured as a result of a fatigue crack on a Boeing 737-700 jet powered by two CFM International CFM56-7B engines after taking off from New York's LaGuardia Airport. The plane, bound for Dallas, diverted to Philadelphia International Airport. Eight of the 144 passengers suffered minor injuries.
The NTSB had been investigating a 2016 engine failure on another Southwest 737-700 at the time of the fatal incident.
(Reporting by David Shepardson; editing by Jonathan Oatis and Marguerita Choy)
((David.Shepardson@thomsonreuters.com; 2028988324;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
By David Shepardson WASHINGTON, Dec 12 (Reuters) - The Federal Aviation Administration said Tuesday it was proposing three directives to mandate engine housing inspections and component replacements on Boeing BA.N 737NG airplanes after a 2018 Southwest Airlines LUV.N fatal fan blade incident. The directives cover 1,979 U.S.-registered and 6,666 737 airplanes worldwide and would require operators to inspect and replace certain components on the engine cowling by July 2028. The accident occurred 20 minutes into the flight when a fan blade fractured as a result of a fatigue crack on a Boeing 737-700 jet powered by two CFM International CFM56-7B engines after taking off from New York's LaGuardia Airport.
|
By David Shepardson WASHINGTON, Dec 12 (Reuters) - The Federal Aviation Administration said Tuesday it was proposing three directives to mandate engine housing inspections and component replacements on Boeing BA.N 737NG airplanes after a 2018 Southwest Airlines LUV.N fatal fan blade incident. The directives cover 1,979 U.S.-registered and 6,666 737 airplanes worldwide and would require operators to inspect and replace certain components on the engine cowling by July 2028. The FAA said on Tuesday Boeing developed modifications to the inlet cowl, fan cowl, and exhaust nozzle that must be installed by July 2028.
|
By David Shepardson WASHINGTON, Dec 12 (Reuters) - The Federal Aviation Administration said Tuesday it was proposing three directives to mandate engine housing inspections and component replacements on Boeing BA.N 737NG airplanes after a 2018 Southwest Airlines LUV.N fatal fan blade incident. A passenger was killed on a Southwest Airlines plane in April 2018 after an engine failure caused by a broken fan blade, the first accident fatality on a U.S. passenger airline since February 2009. The accident occurred 20 minutes into the flight when a fan blade fractured as a result of a fatigue crack on a Boeing 737-700 jet powered by two CFM International CFM56-7B engines after taking off from New York's LaGuardia Airport.
|
By David Shepardson WASHINGTON, Dec 12 (Reuters) - The Federal Aviation Administration said Tuesday it was proposing three directives to mandate engine housing inspections and component replacements on Boeing BA.N 737NG airplanes after a 2018 Southwest Airlines LUV.N fatal fan blade incident. A passenger was killed on a Southwest Airlines plane in April 2018 after an engine failure caused by a broken fan blade, the first accident fatality on a U.S. passenger airline since February 2009. The FAA said on Tuesday Boeing developed modifications to the inlet cowl, fan cowl, and exhaust nozzle that must be installed by July 2028.
|
85e80730-ed75-4df7-a685-66a0e1175fcb
|
712953.0
|
2023-12-12 00:00:00 UTC
|
Chimera Investment Corp's 8.00% Series A Cumulative Redeemable Preferred Stock About To Put More Money In Your Pocket
|
DCOMP
|
https://www.nasdaq.com/articles/chimera-investment-corps-8.00-series-a-cumulative-redeemable-preferred-stock-about-to-0
|
nan
|
nan
|
On 12/14/23, Chimera Investment Corp's 8.00% Series A Cumulative Redeemable Preferred Stock (Symbol: CIM.PRA) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 1/2/24. As a percentage of CIM.PRA's recent share price of $21.07, this dividend works out to approximately 2.37%, so look for shares of CIM.PRA to trade 2.37% lower — all else being equal — when CIM.PRA shares open for trading on 12/14/23. On an annualized basis, the current yield is approximately 9.59%, which compares to an average yield of 8.17% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of CIM.PRA shares, versus CIM:
Below is a dividend history chart for CIM.PRA, showing historical dividends prior to the most recent $0.50 on Chimera Investment Corp's 8.00% Series A Cumulative Redeemable Preferred Stock:
In Tuesday trading, Chimera Investment Corp's 8.00% Series A Cumulative Redeemable Preferred Stock (Symbol: CIM.PRA) is currently up about 1.1% on the day, while the common shares (Symbol: CIM) are up about 0.2%.
Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »
Also see:
Top Stocks Held By Ken Fisher
ATUS Options Chain
Top Ten Hedge Funds Holding CODE
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
On 12/14/23, Chimera Investment Corp's 8.00% Series A Cumulative Redeemable Preferred Stock (Symbol: CIM.PRA) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 1/2/24. The chart below shows the one year performance of CIM.PRA shares, versus CIM: Below is a dividend history chart for CIM.PRA, showing historical dividends prior to the most recent $0.50 on Chimera Investment Corp's 8.00% Series A Cumulative Redeemable Preferred Stock: In Tuesday trading, Chimera Investment Corp's 8.00% Series A Cumulative Redeemable Preferred Stock (Symbol: CIM.PRA) is currently up about 1.1% on the day, while the common shares (Symbol: CIM) are up about 0.2%. dividend stocks also have preferred shares that should be on your radar screen » Also see: Top Stocks Held By Ken Fisher ATUS Options Chain Top Ten Hedge Funds Holding CODE The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
On 12/14/23, Chimera Investment Corp's 8.00% Series A Cumulative Redeemable Preferred Stock (Symbol: CIM.PRA) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 1/2/24. The chart below shows the one year performance of CIM.PRA shares, versus CIM: Below is a dividend history chart for CIM.PRA, showing historical dividends prior to the most recent $0.50 on Chimera Investment Corp's 8.00% Series A Cumulative Redeemable Preferred Stock: In Tuesday trading, Chimera Investment Corp's 8.00% Series A Cumulative Redeemable Preferred Stock (Symbol: CIM.PRA) is currently up about 1.1% on the day, while the common shares (Symbol: CIM) are up about 0.2%. dividend stocks also have preferred shares that should be on your radar screen » Also see: Top Stocks Held By Ken Fisher ATUS Options Chain Top Ten Hedge Funds Holding CODE The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The chart below shows the one year performance of CIM.PRA shares, versus CIM: Below is a dividend history chart for CIM.PRA, showing historical dividends prior to the most recent $0.50 on Chimera Investment Corp's 8.00% Series A Cumulative Redeemable Preferred Stock: In Tuesday trading, Chimera Investment Corp's 8.00% Series A Cumulative Redeemable Preferred Stock (Symbol: CIM.PRA) is currently up about 1.1% on the day, while the common shares (Symbol: CIM) are up about 0.2%. Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen » Also see: Top Stocks Held By Ken Fisher ATUS Options Chain Top Ten Hedge Funds Holding CODE The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
On 12/14/23, Chimera Investment Corp's 8.00% Series A Cumulative Redeemable Preferred Stock (Symbol: CIM.PRA) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 1/2/24. As a percentage of CIM.PRA's recent share price of $21.07, this dividend works out to approximately 2.37%, so look for shares of CIM.PRA to trade 2.37% lower — all else being equal — when CIM.PRA shares open for trading on 12/14/23. On an annualized basis, the current yield is approximately 9.59%, which compares to an average yield of 8.17% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
|
afe9e845-666d-4ebb-97a4-3488beaca559
|
712954.0
|
2023-12-12 00:00:00 UTC
|
Cash Dividend On The Way From Medallion Financial Corp's Perpetual Preferred Stock
|
DCOMP
|
https://www.nasdaq.com/articles/cash-dividend-on-the-way-from-medallion-financial-corps-perpetual-preferred-stock
|
nan
|
nan
|
On 12/14/23, Medallion Financial Corp's 8.0% Fix/Float Non-Cumulative Perpetual Preferred Stock, Ser F (Symbol: MBNKP) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 1/2/24. As a percentage of MBNKP's recent share price of $23.55, this dividend works out to approximately 2.12%, so look for shares of MBNKP to trade 2.12% lower — all else being equal — when MBNKP shares open for trading on 12/14/23. On an annualized basis, the current yield is approximately 8.46%, which compares to an average yield of 6.97% in the "Financial" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of MBNKP shares, versus MFIN:
Below is a dividend history chart for MBNKP, showing historical dividends prior to the most recent $0.50 on Medallion Financial Corp's 8.0% Fix/Float Non-Cumulative Perpetual Preferred Stock, Ser F:
In Tuesday trading, Medallion Financial Corp's 8.0% Fix/Float Non-Cumulative Perpetual Preferred Stock, Ser F (Symbol: MBNKP) is currently down about 0.3% on the day, while the common shares (Symbol: MFIN) are off about 0.2%.
Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »
Also see:
Top 10 Hedge Funds Holding Visa
CDMO Historical Stock Prices
MCHI market cap history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
On 12/14/23, Medallion Financial Corp's 8.0% Fix/Float Non-Cumulative Perpetual Preferred Stock, Ser F (Symbol: MBNKP) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 1/2/24. The chart below shows the one year performance of MBNKP shares, versus MFIN: Below is a dividend history chart for MBNKP, showing historical dividends prior to the most recent $0.50 on Medallion Financial Corp's 8.0% Fix/Float Non-Cumulative Perpetual Preferred Stock, Ser F: In Tuesday trading, Medallion Financial Corp's 8.0% Fix/Float Non-Cumulative Perpetual Preferred Stock, Ser F (Symbol: MBNKP) is currently down about 0.3% on the day, while the common shares (Symbol: MFIN) are off about 0.2%. dividend stocks also have preferred shares that should be on your radar screen » Also see: Top 10 Hedge Funds Holding Visa CDMO Historical Stock Prices MCHI market cap history The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
On 12/14/23, Medallion Financial Corp's 8.0% Fix/Float Non-Cumulative Perpetual Preferred Stock, Ser F (Symbol: MBNKP) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 1/2/24. As a percentage of MBNKP's recent share price of $23.55, this dividend works out to approximately 2.12%, so look for shares of MBNKP to trade 2.12% lower — all else being equal — when MBNKP shares open for trading on 12/14/23. The chart below shows the one year performance of MBNKP shares, versus MFIN: Below is a dividend history chart for MBNKP, showing historical dividends prior to the most recent $0.50 on Medallion Financial Corp's 8.0% Fix/Float Non-Cumulative Perpetual Preferred Stock, Ser F: In Tuesday trading, Medallion Financial Corp's 8.0% Fix/Float Non-Cumulative Perpetual Preferred Stock, Ser F (Symbol: MBNKP) is currently down about 0.3% on the day, while the common shares (Symbol: MFIN) are off about 0.2%.
|
As a percentage of MBNKP's recent share price of $23.55, this dividend works out to approximately 2.12%, so look for shares of MBNKP to trade 2.12% lower — all else being equal — when MBNKP shares open for trading on 12/14/23. The chart below shows the one year performance of MBNKP shares, versus MFIN: Below is a dividend history chart for MBNKP, showing historical dividends prior to the most recent $0.50 on Medallion Financial Corp's 8.0% Fix/Float Non-Cumulative Perpetual Preferred Stock, Ser F: In Tuesday trading, Medallion Financial Corp's 8.0% Fix/Float Non-Cumulative Perpetual Preferred Stock, Ser F (Symbol: MBNKP) is currently down about 0.3% on the day, while the common shares (Symbol: MFIN) are off about 0.2%. Click here to learn which S.A.F.E.
|
On an annualized basis, the current yield is approximately 8.46%, which compares to an average yield of 6.97% in the "Financial" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of MBNKP shares, versus MFIN: Below is a dividend history chart for MBNKP, showing historical dividends prior to the most recent $0.50 on Medallion Financial Corp's 8.0% Fix/Float Non-Cumulative Perpetual Preferred Stock, Ser F: In Tuesday trading, Medallion Financial Corp's 8.0% Fix/Float Non-Cumulative Perpetual Preferred Stock, Ser F (Symbol: MBNKP) is currently down about 0.3% on the day, while the common shares (Symbol: MFIN) are off about 0.2%. Click here to learn which S.A.F.E.
|
37037f3c-5b8c-410c-bc51-92ad2e2b88e1
|
712955.0
|
2023-12-12 00:00:00 UTC
|
Ex-Div Reminder for Chimera Investment Corp's 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
|
DCOMP
|
https://www.nasdaq.com/articles/ex-div-reminder-for-chimera-investment-corps-8.00-series-b-fixed-to-floating-rate
|
nan
|
nan
|
On 12/14/23, Chimera Investment Corp's 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (Symbol: CIM.PRB) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 1/2/24. As a percentage of CIM.PRB's recent share price of $23.73, this dividend works out to approximately 2.11%, so look for shares of CIM.PRB to trade 2.11% lower — all else being equal — when CIM.PRB shares open for trading on 12/14/23. On an annualized basis, the current yield is approximately 8.40%, which compares to an average yield of 8.17% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of CIM.PRB shares, versus CIM:
Below is a dividend history chart for CIM.PRB, showing historical dividends prior to the most recent $0.50 on Chimera Investment Corp's 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock:
In Tuesday trading, Chimera Investment Corp's 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (Symbol: CIM.PRB) is currently down about 0.3% on the day, while the common shares (Symbol: CIM) are trading flat.
Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »
Also see:
10 Components Hedge Funds Are Selling
HMCO market cap history
REG MACD
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
On 12/14/23, Chimera Investment Corp's 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (Symbol: CIM.PRB) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 1/2/24. The chart below shows the one year performance of CIM.PRB shares, versus CIM: Below is a dividend history chart for CIM.PRB, showing historical dividends prior to the most recent $0.50 on Chimera Investment Corp's 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock: In Tuesday trading, Chimera Investment Corp's 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (Symbol: CIM.PRB) is currently down about 0.3% on the day, while the common shares (Symbol: CIM) are trading flat. dividend stocks also have preferred shares that should be on your radar screen » Also see: 10 Components Hedge Funds Are Selling HMCO market cap history
|
On 12/14/23, Chimera Investment Corp's 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (Symbol: CIM.PRB) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 1/2/24. The chart below shows the one year performance of CIM.PRB shares, versus CIM: Below is a dividend history chart for CIM.PRB, showing historical dividends prior to the most recent $0.50 on Chimera Investment Corp's 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock: In Tuesday trading, Chimera Investment Corp's 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (Symbol: CIM.PRB) is currently down about 0.3% on the day, while the common shares (Symbol: CIM) are trading flat. dividend stocks also have preferred shares that should be on your radar screen » Also see: 10 Components Hedge Funds Are Selling HMCO market cap history
|
The chart below shows the one year performance of CIM.PRB shares, versus CIM: Below is a dividend history chart for CIM.PRB, showing historical dividends prior to the most recent $0.50 on Chimera Investment Corp's 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock: In Tuesday trading, Chimera Investment Corp's 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (Symbol: CIM.PRB) is currently down about 0.3% on the day, while the common shares (Symbol: CIM) are trading flat. Click here to learn which S.A.F.E. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
On an annualized basis, the current yield is approximately 8.40%, which compares to an average yield of 8.17% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of CIM.PRB shares, versus CIM: Below is a dividend history chart for CIM.PRB, showing historical dividends prior to the most recent $0.50 on Chimera Investment Corp's 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock: In Tuesday trading, Chimera Investment Corp's 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (Symbol: CIM.PRB) is currently down about 0.3% on the day, while the common shares (Symbol: CIM) are trading flat. Click here to learn which S.A.F.E.
|
c5ec7d43-277b-47d3-b6a3-9b77bd5bb7b3
|
712956.0
|
2023-12-12 00:00:00 UTC
|
Cash Dividend On The Way From Vornado Realty Trust's 5.40% Series L Cumulative Redeemable Preferred Shares
|
DCOMP
|
https://www.nasdaq.com/articles/cash-dividend-on-the-way-from-vornado-realty-trusts-5.40-series-l-cumulative-redeemable-2
|
nan
|
nan
|
On 12/14/23, Vornado Realty Trust's 5.40% Series L Cumulative Redeemable Preferred Shares (Symbol: VNO.PRL) will trade ex-dividend, for its quarterly dividend of $0.3375, payable on 1/2/24. As a percentage of VNO.PRL's recent share price of $15.56, this dividend works out to approximately 2.17%, so look for shares of VNO.PRL to trade 2.17% lower — all else being equal — when VNO.PRL shares open for trading on 12/14/23. On an annualized basis, the current yield is approximately 8.81%, which compares to an average yield of 8.17% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of VNO.PRL shares, versus VNO:
Below is a dividend history chart for VNO.PRL, showing historical dividends prior to the most recent $0.3375 on Vornado Realty Trust's 5.40% Series L Cumulative Redeemable Preferred Shares:
In Tuesday trading, Vornado Realty Trust's 5.40% Series L Cumulative Redeemable Preferred Shares (Symbol: VNO.PRL) is currently up about 1.6% on the day, while the common shares (Symbol: VNO) are down about 2.8%.
Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »
Also see:
ISEE Insider Buying
Funds Holding CBAT
GSV Videos
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
On 12/14/23, Vornado Realty Trust's 5.40% Series L Cumulative Redeemable Preferred Shares (Symbol: VNO.PRL) will trade ex-dividend, for its quarterly dividend of $0.3375, payable on 1/2/24. The chart below shows the one year performance of VNO.PRL shares, versus VNO: Below is a dividend history chart for VNO.PRL, showing historical dividends prior to the most recent $0.3375 on Vornado Realty Trust's 5.40% Series L Cumulative Redeemable Preferred Shares: In Tuesday trading, Vornado Realty Trust's 5.40% Series L Cumulative Redeemable Preferred Shares (Symbol: VNO.PRL) is currently up about 1.6% on the day, while the common shares (Symbol: VNO) are down about 2.8%. dividend stocks also have preferred shares that should be on your radar screen » Also see: ISEE Insider Buying Funds Holding CBAT GSV Videos The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
On 12/14/23, Vornado Realty Trust's 5.40% Series L Cumulative Redeemable Preferred Shares (Symbol: VNO.PRL) will trade ex-dividend, for its quarterly dividend of $0.3375, payable on 1/2/24. The chart below shows the one year performance of VNO.PRL shares, versus VNO: Below is a dividend history chart for VNO.PRL, showing historical dividends prior to the most recent $0.3375 on Vornado Realty Trust's 5.40% Series L Cumulative Redeemable Preferred Shares: In Tuesday trading, Vornado Realty Trust's 5.40% Series L Cumulative Redeemable Preferred Shares (Symbol: VNO.PRL) is currently up about 1.6% on the day, while the common shares (Symbol: VNO) are down about 2.8%. dividend stocks also have preferred shares that should be on your radar screen » Also see: ISEE Insider Buying Funds Holding CBAT GSV Videos The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
As a percentage of VNO.PRL's recent share price of $15.56, this dividend works out to approximately 2.17%, so look for shares of VNO.PRL to trade 2.17% lower — all else being equal — when VNO.PRL shares open for trading on 12/14/23. The chart below shows the one year performance of VNO.PRL shares, versus VNO: Below is a dividend history chart for VNO.PRL, showing historical dividends prior to the most recent $0.3375 on Vornado Realty Trust's 5.40% Series L Cumulative Redeemable Preferred Shares: In Tuesday trading, Vornado Realty Trust's 5.40% Series L Cumulative Redeemable Preferred Shares (Symbol: VNO.PRL) is currently up about 1.6% on the day, while the common shares (Symbol: VNO) are down about 2.8%. Click here to learn which S.A.F.E.
|
On 12/14/23, Vornado Realty Trust's 5.40% Series L Cumulative Redeemable Preferred Shares (Symbol: VNO.PRL) will trade ex-dividend, for its quarterly dividend of $0.3375, payable on 1/2/24. As a percentage of VNO.PRL's recent share price of $15.56, this dividend works out to approximately 2.17%, so look for shares of VNO.PRL to trade 2.17% lower — all else being equal — when VNO.PRL shares open for trading on 12/14/23. On an annualized basis, the current yield is approximately 8.81%, which compares to an average yield of 8.17% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
|
f34857b6-becf-48a8-917b-b2c464ccd09b
|
712957.0
|
2023-12-12 00:00:00 UTC
|
Energy Sector Update for 12/12/2023: TTE, SBOW, RIG
|
DCOMP
|
https://www.nasdaq.com/articles/energy-sector-update-for-12-12-2023%3A-tte-sbow-rig
|
nan
|
nan
|
Energy stocks were declining Tuesday afternoon, with the NYSE Energy Sector Index and the Energy Select Sector SPDR Fund (XLE) each falling 1.7%.
The Philadelphia Oil Service Sector index was posting a 1.9% drop, and the Dow Jones US Utilities index was down 0.1%.
The US Energy Information Administration on Tuesday slashed its forecast for 2024 Brent crude oil prices by 11% even as it sees global oil inventories falling in the first quarter of the year following further OPEC+ production cuts announced last month.
Front-month West Texas Intermediate crude tumbled 4% to $68.44 a barrel, while global benchmark Brent was dropping 3.9% to $73.09 a barrel. Henry Hub natural-gas futures were 3.7% lower at $2.34 per 1 million BTU.
In corporate news, TotalEnergies (TTE) shares fell 0.5% after it said Tuesday it has acquired three startups -- Dsflow, Nash Renewables and Predictive Layer -- to boost its growth in the electricity business.
SilverBow Resources (SBOW) announced the pricing of a secondary offering of 2.2 million common SilverBow shares by an affiliate of Strategic Value Partners. SilverBow shares slumped 8.6%.
Transocean (RIG) said Tuesday it signed a contract for the Transocean Barents with OMV Petrom in the Romanian Black Sea at a daily rate of $465,000, excluding additional services. Transocean was shedding 1.6%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The US Energy Information Administration on Tuesday slashed its forecast for 2024 Brent crude oil prices by 11% even as it sees global oil inventories falling in the first quarter of the year following further OPEC+ production cuts announced last month. Henry Hub natural-gas futures were 3.7% lower at $2.34 per 1 million BTU. In corporate news, TotalEnergies (TTE) shares fell 0.5% after it said Tuesday it has acquired three startups -- Dsflow, Nash Renewables and Predictive Layer -- to boost its growth in the electricity business.
|
Energy stocks were declining Tuesday afternoon, with the NYSE Energy Sector Index and the Energy Select Sector SPDR Fund (XLE) each falling 1.7%. The Philadelphia Oil Service Sector index was posting a 1.9% drop, and the Dow Jones US Utilities index was down 0.1%. The US Energy Information Administration on Tuesday slashed its forecast for 2024 Brent crude oil prices by 11% even as it sees global oil inventories falling in the first quarter of the year following further OPEC+ production cuts announced last month.
|
Energy stocks were declining Tuesday afternoon, with the NYSE Energy Sector Index and the Energy Select Sector SPDR Fund (XLE) each falling 1.7%. The US Energy Information Administration on Tuesday slashed its forecast for 2024 Brent crude oil prices by 11% even as it sees global oil inventories falling in the first quarter of the year following further OPEC+ production cuts announced last month. SilverBow Resources (SBOW) announced the pricing of a secondary offering of 2.2 million common SilverBow shares by an affiliate of Strategic Value Partners.
|
Energy stocks were declining Tuesday afternoon, with the NYSE Energy Sector Index and the Energy Select Sector SPDR Fund (XLE) each falling 1.7%. The US Energy Information Administration on Tuesday slashed its forecast for 2024 Brent crude oil prices by 11% even as it sees global oil inventories falling in the first quarter of the year following further OPEC+ production cuts announced last month. Henry Hub natural-gas futures were 3.7% lower at $2.34 per 1 million BTU.
|
c2ff6cc1-1d57-4a44-a7a0-35e6f4fb23a9
|
712958.0
|
2023-12-12 00:00:00 UTC
|
Here's Why American Eagle (AEO) is a Solid Investment Bet
|
DCOMP
|
https://www.nasdaq.com/articles/heres-why-american-eagle-aeo-is-a-solid-investment-bet
|
nan
|
nan
|
American Eagle Outfitters, Inc. AEO is well-poised to tap the positive trends in the fashion world, thanks to its digital endeavors and other robust strategies including the Real Power Real Growth Plan. The company is gaining from brand strength and solid demand for its products that resonate well with customers. Undoubtedly, management is focused on creating a trend-right merchandise assortment, deepening relations with customers via marketing, enhancing the digital commerce agenda and efficiently controlling expenses.
Buoyed by such strengths, shares of this apparel and footwear dealer have surged a whopping 75.8% compared with the industry’s 16% growth in the six-month time frame. A VGM Score of A further adds strength to this current Zacks Rank #2 (Buy) company.
Analysts also seem quite optimistic about Aerie’s parent company. The Zacks Consensus Estimate for fiscal 2023 sales and earnings per share (EPS) is currently pegged at $5.2 billion and $1.35, respectively. These estimates show corresponding growth of 4% and 39.2% year over year. The consensus mark for next fiscal year’s sales and EPS is $5.3 billion and $1.38, respectively, reflecting year-over-year increase of 2.1% and 2.9%.
Image Source: Zacks Investment Research
Let’s Delve Deeper
American Eagle is on track with its Real Power Real Growth value-creation plan, which has been aiding the company’s performance for a while now. The plan is driving profitability through real estate and inventory-optimization efforts, omnichannel and customer focus, and investments to improve the supply chain. As part of the aforesaid initiative, American Eagle will continue to pursue opportunities to grow the Aerie brand through expansion into newer markets, innovation and a wider customer base. Management also expects to undertake initiatives to deliver growth and sustained profitability for the American Eagle brand.
American Eagle’s Aerie brand has also been exhibiting momentum for quite some time now. Sales rose 12% to $393 million for Aerie in third-quarter fiscal 2023 while the brand’s comparable-store sales also improved 12%. Sturdy demand in its core apparel, activewear extension, strength in the OFFLINE brand and renewed momentum in intimates aided the brand’s growth. Strength in its core apparel collection, particularly in fleece, bottoms and tops, is acting as a major growth driver. Also, its activewear extension, OFFLINE by Aerie, bodes well on the back of tops, sports bras, active shorts and fashion items. Management expects 25 store openings in fiscal 2023.
The Aerie brand is a key growth engine for American Eagle and remains on track to reach the next brand milestone of $2 billion in sales. Further, the company’s profit-improvement endeavors have been paying off. This, along with lower delivery, distribution and warehousing costs, aided third-quarter fiscal 2023 margins. Also, higher merchandising margins from lower markdowns stemming from inventory control, and lower transportation and product costs are other positives. Driven by these factors, the gross margin expanded 310 basis points (bps) year over year whereas the operating margin rose 10 bps year over year.
Backed by such aforementioned strengths, management raised its 2023 financial targets. For fiscal 2023, revenues are likely to be up year over year in the mid-single digits compared with the previously mentioned low-single-digit growth. Operating income is estimated to be $340-$350 million, versus the earlier stated $325-$350 million. The company also provided an initial outlook for fiscal 2024. It expects to benefit from actions including improving internal culture and reducing expenses. As a result, it anticipates delivering a continued gross margin expansion, leverage on SG&A and depreciation, operating rate expansion and healthy earnings growth in fiscal 2024. It estimates to deliver revenue growth in the low-single digits in fiscal 2024.
Given all the positives, American Eagle stock seems to deserve a place in your investment portfolio.
Eye These Solid Picks Too
We have highlighted three other top-ranked stocks, namely Abercrombie & Fitch ANF, Hibbett HIBB and Gap GPS.
Abercrombie & Fitch, a leading casual apparel retailer, currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Abercrombie & Fitch’s current financial-year sales suggests growth of 13.3% from the year-ago reported figure. ANF delivered an earnings surprise of 713% in the last reported quarter.
Gap, a fashion retailer of apparel and accessories, currently sports a Zacks Rank of 1. The company has a trailing four-quarter earnings surprise of 137.9%, on average.
The Zacks Consensus Estimate for Gap’s current financial-year EPS suggests growth of 387.5%, from the year-ago reported figure.
Hibbett, the key sporting goods retailer, currently sports a Zacks Rank of 1. HIBB delivered an earnings surprise of 24.2% in the trailing four quarters.
The Zacks Consensus Estimate for Hibbett’s current financial-year sales suggests growth of 1.7% from the year-ago reported figure.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report
American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report
The Gap, Inc. (GPS) : Free Stock Analysis Report
Hibbett, Inc. (HIBB) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Undoubtedly, management is focused on creating a trend-right merchandise assortment, deepening relations with customers via marketing, enhancing the digital commerce agenda and efficiently controlling expenses. The plan is driving profitability through real estate and inventory-optimization efforts, omnichannel and customer focus, and investments to improve the supply chain. As part of the aforesaid initiative, American Eagle will continue to pursue opportunities to grow the Aerie brand through expansion into newer markets, innovation and a wider customer base.
|
The Zacks Consensus Estimate for Abercrombie & Fitch’s current financial-year sales suggests growth of 13.3% from the year-ago reported figure. The Zacks Consensus Estimate for Gap’s current financial-year EPS suggests growth of 387.5%, from the year-ago reported figure. Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report The Gap, Inc. (GPS) : Free Stock Analysis Report Hibbett, Inc. (HIBB) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Image Source: Zacks Investment Research Let’s Delve Deeper American Eagle is on track with its Real Power Real Growth value-creation plan, which has been aiding the company’s performance for a while now. The Zacks Consensus Estimate for Abercrombie & Fitch’s current financial-year sales suggests growth of 13.3% from the year-ago reported figure. Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report The Gap, Inc. (GPS) : Free Stock Analysis Report Hibbett, Inc. (HIBB) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Management also expects to undertake initiatives to deliver growth and sustained profitability for the American Eagle brand. American Eagle’s Aerie brand has also been exhibiting momentum for quite some time now. Want the latest recommendations from Zacks Investment Research?
|
f6aa28d2-83a7-4f53-9728-0d624d57885b
|
712959.0
|
2023-12-12 00:00:00 UTC
|
Spirit Realty Capital Series A Cumulative Redeemable Preferred Stock Ex-Dividend Reminder
|
DCOMP
|
https://www.nasdaq.com/articles/spirit-realty-capital-series-a-cumulative-redeemable-preferred-stock-ex-dividend-0
|
nan
|
nan
|
On 12/14/23, Spirit Realty Capital Inc's 6.000% Series A Cumulative Redeemable Preferred Stock (Symbol: SRC.PRA) will trade ex-dividend, for its quarterly dividend of $0.375, payable on 12/29/23. As a percentage of SRC.PRA's recent share price of $23.70, this dividend works out to approximately 1.58%, so look for shares of SRC.PRA to trade 1.58% lower — all else being equal — when SRC.PRA shares open for trading on 12/14/23. On an annualized basis, the current yield is approximately 6.30%, which compares to an average yield of 8.17% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of SRC.PRA shares, versus SRC:
Below is a dividend history chart for SRC.PRA, showing historical dividends prior to the most recent $0.375 on Spirit Realty Capital Inc's 6.000% Series A Cumulative Redeemable Preferred Stock :
Free Report: Top 8%+ Dividends (paid monthly)
In Tuesday trading, Spirit Realty Capital Inc's 6.000% Series A Cumulative Redeemable Preferred Stock (Symbol: SRC.PRA) is currently off about 0.4% on the day, while the common shares (Symbol: SRC) are up about 0.1%.
Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »
Also see:
Top Stocks Held By Jeremy Grantham
Top Ten Hedge Funds Holding SBT
FDL Dividend History
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
On 12/14/23, Spirit Realty Capital Inc's 6.000% Series A Cumulative Redeemable Preferred Stock (Symbol: SRC.PRA) will trade ex-dividend, for its quarterly dividend of $0.375, payable on 12/29/23. The chart below shows the one year performance of SRC.PRA shares, versus SRC: Below is a dividend history chart for SRC.PRA, showing historical dividends prior to the most recent $0.375 on Spirit Realty Capital Inc's 6.000% Series A Cumulative Redeemable Preferred Stock : Free Report: Top 8%+ Dividends (paid monthly) In Tuesday trading, Spirit Realty Capital Inc's 6.000% Series A Cumulative Redeemable Preferred Stock (Symbol: SRC.PRA) is currently off about 0.4% on the day, while the common shares (Symbol: SRC) are up about 0.1%. dividend stocks also have preferred shares that should be on your radar screen » Also see: Top Stocks Held By Jeremy Grantham Top Ten Hedge Funds Holding SBT FDL Dividend History The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
On 12/14/23, Spirit Realty Capital Inc's 6.000% Series A Cumulative Redeemable Preferred Stock (Symbol: SRC.PRA) will trade ex-dividend, for its quarterly dividend of $0.375, payable on 12/29/23. The chart below shows the one year performance of SRC.PRA shares, versus SRC: Below is a dividend history chart for SRC.PRA, showing historical dividends prior to the most recent $0.375 on Spirit Realty Capital Inc's 6.000% Series A Cumulative Redeemable Preferred Stock : Free Report: Top 8%+ Dividends (paid monthly) In Tuesday trading, Spirit Realty Capital Inc's 6.000% Series A Cumulative Redeemable Preferred Stock (Symbol: SRC.PRA) is currently off about 0.4% on the day, while the common shares (Symbol: SRC) are up about 0.1%. dividend stocks also have preferred shares that should be on your radar screen » Also see: Top Stocks Held By Jeremy Grantham Top Ten Hedge Funds Holding SBT FDL Dividend History The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The chart below shows the one year performance of SRC.PRA shares, versus SRC: Below is a dividend history chart for SRC.PRA, showing historical dividends prior to the most recent $0.375 on Spirit Realty Capital Inc's 6.000% Series A Cumulative Redeemable Preferred Stock : Free Report: Top 8%+ Dividends (paid monthly) In Tuesday trading, Spirit Realty Capital Inc's 6.000% Series A Cumulative Redeemable Preferred Stock (Symbol: SRC.PRA) is currently off about 0.4% on the day, while the common shares (Symbol: SRC) are up about 0.1%. Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen » Also see: Top Stocks Held By Jeremy Grantham Top Ten Hedge Funds Holding SBT FDL Dividend History The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
On 12/14/23, Spirit Realty Capital Inc's 6.000% Series A Cumulative Redeemable Preferred Stock (Symbol: SRC.PRA) will trade ex-dividend, for its quarterly dividend of $0.375, payable on 12/29/23. As a percentage of SRC.PRA's recent share price of $23.70, this dividend works out to approximately 1.58%, so look for shares of SRC.PRA to trade 1.58% lower — all else being equal — when SRC.PRA shares open for trading on 12/14/23. On an annualized basis, the current yield is approximately 6.30%, which compares to an average yield of 8.17% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
|
92e9d30c-f310-4a06-adcc-8f1960818661
|
712960.0
|
2023-12-12 00:00:00 UTC
|
Ex-Div Reminder for Chimera Investment Corp's 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
|
DCOMP
|
https://www.nasdaq.com/articles/ex-div-reminder-for-chimera-investment-corps-8.00-series-d-fixed-to-floating-rate-1
|
nan
|
nan
|
On 12/14/23, Chimera Investment Corp's 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (Symbol: CIM.PRD) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 1/2/24. As a percentage of CIM.PRD's recent share price of $23.33, this dividend works out to approximately 2.14%, so look for shares of CIM.PRD to trade 2.14% lower — all else being equal — when CIM.PRD shares open for trading on 12/14/23. On an annualized basis, the current yield is approximately 8.60%, which compares to an average yield of 8.17% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of CIM.PRD shares, versus CIM:
Below is a dividend history chart for CIM.PRD, showing historical dividends prior to the most recent $0.50 on Chimera Investment Corp's 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock:
In Tuesday trading, Chimera Investment Corp's 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (Symbol: CIM.PRD) is currently up about 0.3% on the day, while the common shares (Symbol: CIM) are trading flat.
Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »
Also see:
NUBD Videos
Funds Holding CRDT
ALGS 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.
|
On 12/14/23, Chimera Investment Corp's 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (Symbol: CIM.PRD) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 1/2/24. The chart below shows the one year performance of CIM.PRD shares, versus CIM: Below is a dividend history chart for CIM.PRD, showing historical dividends prior to the most recent $0.50 on Chimera Investment Corp's 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock: In Tuesday trading, Chimera Investment Corp's 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (Symbol: CIM.PRD) is currently up about 0.3% on the day, while the common shares (Symbol: CIM) are trading flat. dividend stocks also have preferred shares that should be on your radar screen » Also see: NUBD Videos Funds Holding CRDT ALGS 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.
|
On 12/14/23, Chimera Investment Corp's 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (Symbol: CIM.PRD) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 1/2/24. The chart below shows the one year performance of CIM.PRD shares, versus CIM: Below is a dividend history chart for CIM.PRD, showing historical dividends prior to the most recent $0.50 on Chimera Investment Corp's 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock: In Tuesday trading, Chimera Investment Corp's 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (Symbol: CIM.PRD) is currently up about 0.3% on the day, while the common shares (Symbol: CIM) are trading flat. dividend stocks also have preferred shares that should be on your radar screen » Also see: NUBD Videos Funds Holding CRDT ALGS 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.
|
On 12/14/23, Chimera Investment Corp's 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (Symbol: CIM.PRD) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 1/2/24. The chart below shows the one year performance of CIM.PRD shares, versus CIM: Below is a dividend history chart for CIM.PRD, showing historical dividends prior to the most recent $0.50 on Chimera Investment Corp's 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock: In Tuesday trading, Chimera Investment Corp's 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (Symbol: CIM.PRD) is currently up about 0.3% on the day, while the common shares (Symbol: CIM) are trading flat. Click here to learn which S.A.F.E.
|
On an annualized basis, the current yield is approximately 8.60%, which compares to an average yield of 8.17% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of CIM.PRD shares, versus CIM: Below is a dividend history chart for CIM.PRD, showing historical dividends prior to the most recent $0.50 on Chimera Investment Corp's 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock: In Tuesday trading, Chimera Investment Corp's 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (Symbol: CIM.PRD) is currently up about 0.3% on the day, while the common shares (Symbol: CIM) are trading flat. Click here to learn which S.A.F.E.
|
edd929be-9226-497d-bf39-4cf16f6c93a8
|
712961.0
|
2023-12-12 00:00:00 UTC
|
Crude Awakening: 2 Top Ranked Oil Stocks with Huge Dividend Yields
|
DCOMP
|
https://www.nasdaq.com/articles/crude-awakening%3A-2-top-ranked-oil-stocks-with-huge-dividend-yields
|
nan
|
nan
|
The price of crude oil has cratered over the last two months, falling from a high of $95 to $69 today. While this move has shifted many speculators to the bearish side, I think they are late, and risk reward favors the long side here.
Barring a full-blown recession in the very near future, I believe the market will soon realize that demand for oil will remain robust, while supply is constrained, which should put a bid below the price of crude.
To make this trade even more appealing, many oil stocks are quite cheap, with some approaching deep value territory, giving investors considerable downside protection.
For investors looking to add exposure to oil stocks with top Zacks Ranks, and generous dividend yields read ahead.
Image Source: Zacks Investment Research
CrossAmerica Partners
CrossAmerica Partners CAPL is a leading US wholesale distributor of motor fuels, operator of convenience stores, and owner and lessee of real estate used in the retail distribution of motor fuels. With a geographic footprint of 34 states, CrossAmerica Partners distributes branded and unbranded petroleum for motor vehicles to approximately 1,800 locations and owns or leases approximately 1,100 sites. CAPL has 7 convenience store brands offering food, essentials and car washes at more than 250 locations across 10 states.
Formed in 2012, the Partnership has well-established relationships with several major oil brands, including Exxon, Mobil, BP, Shell, Valero, Citgo, Marathon and Phillips 66. CrossAmerica Partners ranks as one of ExxonMobil’s largest U.S. distributors by fuel volume and in the top 10 for additional brands. The convenience stores are also paired with prominent national brands, such as Dunkin’, Subway and Arby’s.
CrossAmerica Partners has experienced some hefty revisions higher to its earnings estimates, giving it a Zacks Rank #1 (Strong Buy) rating. Current quarter earnings estimates have been revised higher by 47%, FY23 by 25%, and FY24 by 19%.
CrossAmerica Partners, as a part of the Oil and Gas - Refining and Marketing - Master Limited Partnerships is in the Top 6% (16 out of 251) of the Zacks Industry Rank.
Image Source: Zacks Investment Research
Today, CAPL is trading at a one year forward earnings multiple of 26.5x, which is above the broad market average, and below its 10-year median of 33.5x. Additionally, the company pays an annual dividend yield of 9.3%, giving investors a nice income for holding the stock.
Image Source: Zacks Investment Research
Ecopetrol
Ecopetrol EC is a Colombia-based petroleum company. The Company is focused on identifying opportunities primarily within the eastern Llanos Basin of Colombia, as well as in other areas in Colombia and northern Peru. Ecopetrol’s operation includes the extraction, collection, treatment, storage and pumping or compression of hydrocarbons.
Ecopetrol has enjoyed some upgrades to its earnings estimates, giving it a Zacks Rank #1 (Strong Buy) rating. Current quarter earnings estimates have been boosted by 47%, while FY23 have jumped by 7%.
EC also sits in the Top 1% (3 out of 251) of the Zacks Industry Rank as a part of the Oil and Gas – Integrated – Emerging markets industry.
Image Source: Zacks Investment Research
Ecopetrol is trading at a one year forward earnings multiple of 5.5x, just above the industry average and well below its 10-year median of 10.7x. It also has one of the highest dividend yields in the industry at 16.1%.
Image Source: Zacks Investment Research
Bottom Line
Although sentiment in the oil market has fallen near its lowest of the year, for contrarian investors, that should be a signal to start looking for opportunity.
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
Ecopetrol S.A. (EC) : Free Stock Analysis Report
CrossAmerica Partners LP (CAPL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Barring a full-blown recession in the very near future, I believe the market will soon realize that demand for oil will remain robust, while supply is constrained, which should put a bid below the price of crude. Formed in 2012, the Partnership has well-established relationships with several major oil brands, including Exxon, Mobil, BP, Shell, Valero, Citgo, Marathon and Phillips 66. Image Source: Zacks Investment Research Bottom Line Although sentiment in the oil market has fallen near its lowest of the year, for contrarian investors, that should be a signal to start looking for opportunity.
|
Image Source: Zacks Investment Research CrossAmerica Partners CrossAmerica Partners CAPL is a leading US wholesale distributor of motor fuels, operator of convenience stores, and owner and lessee of real estate used in the retail distribution of motor fuels. Image Source: Zacks Investment Research Today, CAPL is trading at a one year forward earnings multiple of 26.5x, which is above the broad market average, and below its 10-year median of 33.5x. Click to get this free report Ecopetrol S.A. (EC) : Free Stock Analysis Report CrossAmerica Partners LP (CAPL) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Image Source: Zacks Investment Research CrossAmerica Partners CrossAmerica Partners CAPL is a leading US wholesale distributor of motor fuels, operator of convenience stores, and owner and lessee of real estate used in the retail distribution of motor fuels. CrossAmerica Partners, as a part of the Oil and Gas - Refining and Marketing - Master Limited Partnerships is in the Top 6% (16 out of 251) of the Zacks Industry Rank. Click to get this free report Ecopetrol S.A. (EC) : Free Stock Analysis Report CrossAmerica Partners LP (CAPL) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Image Source: Zacks Investment Research CrossAmerica Partners CrossAmerica Partners CAPL is a leading US wholesale distributor of motor fuels, operator of convenience stores, and owner and lessee of real estate used in the retail distribution of motor fuels. Image Source: Zacks Investment Research Ecopetrol Ecopetrol EC is a Colombia-based petroleum company. Want the latest recommendations from Zacks Investment Research?
|
26171dd8-deee-4090-a97a-ab73be00e00d
|
712962.0
|
2023-12-12 00:00:00 UTC
|
Franklin's (BEN) November AUM Rises 6% on Favorable Markets
|
DCOMP
|
https://www.nasdaq.com/articles/franklins-ben-november-aum-rises-6-on-favorable-markets
|
nan
|
nan
|
Franklin Resources, Inc. BEN reported a preliminary asset under management (AUM) balance of $1.41 trillion for November 2023. This reflected a 6% increase from $1.33 trillion as of Oct 31. The rise in the AUM balance was primarily due to the impacts of positive markets and flat long-term net outflows.
Total month-end fixed-income assets were $494.9 billion, up 5.5% from the prior month’s level. Equity assets of $447.9 billion increased 9% from October 2023. BEN recorded $148.9 billion in multi-asset class, up 5.8% sequentially. Alternative assets aggregated $257.5 billion, up 1.5% from the last month.
Also, cash-management funds totaled $63.2 billion, which increased 5.2% from the last month’s level.
Franklin seems well-poised for growth on the back of a robust foothold in theglobal marketand revenue-diversification efforts. Also, it is growing through strategic acquisitions. These are supporting the company in improving and expanding its alternative investments and multi-asset solution platforms.
However, BEN’s AUM is exposed to market fluctuations, foreign exchange translations, regulatory changes and a sudden slowdown in overall business activities, which are likely to act as near-term headwinds. Going forward, changes in AUM might hurt investment management fees and adversely impact Franklin’s financials.
The stock has lost 5.6% over the past six months against the industry's 10.6% growth.
Image Source: Zacks Investment Research
BEN currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
A 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.
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.
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
Franklin Resources, Inc. (BEN) : Free Stock Analysis Report
Virtus Investment Partners, Inc. (VRTS) : 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.
|
The rise in the AUM balance was primarily due to the impacts of positive markets and flat long-term net outflows. However, BEN’s AUM is exposed to market fluctuations, foreign exchange translations, regulatory changes and a sudden slowdown in overall business activities, which are likely to act as near-term headwinds. A 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.
|
Franklin Resources, Inc. BEN reported a preliminary asset under management (AUM) balance of $1.41 trillion for November 2023. A 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. Click to get this free report Franklin Resources, Inc. (BEN) : Free Stock Analysis Report Virtus Investment Partners, Inc. (VRTS) : Free Stock Analysis Report WisdomTree, Inc. (WT) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
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 Franklin Resources, Inc. (BEN) : Free Stock Analysis Report Virtus Investment Partners, Inc. (VRTS) : Free Stock Analysis Report WisdomTree, Inc. (WT) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Alternative assets aggregated $257.5 billion, up 1.5% from the last month. 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?
|
a0f7223e-6f95-4807-b19e-998dd0d1c57b
|
712963.0
|
2023-12-12 00:00:00 UTC
|
Financial Sector Update for 12/12/2023: KKR, CNC, BK
|
DCOMP
|
https://www.nasdaq.com/articles/financial-sector-update-for-12-12-2023%3A-kkr-cnc-bk
|
nan
|
nan
|
Financial stocks advanced in Tuesday afternoon trading, with the NYSE Financial Index adding 0.4% and the Financial Select Sector SPDR Fund (XLF) ahead 0.6%.
The Philadelphia Housing Index climbed 0.2%, and the Real Estate Select Sector SPDR Fund (XLRE) gained 0.1%.
Bitcoin (BTC-USD) was down 0.1% to $41,193, and the yield for 10-year US Treasuries dropped 4 basis points to 4.20%.
In economic news, the US consumer price index rose by 0.1% in November, following a flat reading in October, Bureau of Labor Statistics data showed. Annually, inflation decelerated to 3.1% from a 3.2% rise in October.
In corporate news, KKR (KKR) is in talks to buy a 50% stake in health-care technology company Cotiviti from Veritas Capital, according to media reports. A potential deal would value Cotiviti at $10 billion to $11 billion, Bloomberg reported. Separately, KKR is in late-stage discussions for a potential acquisition of Iris Software in a deal that may value the UK software firm at about 3 billion pounds ($3.76 billion), Bloomberg reported. KKR shares rose 0.4%.
Centene (CNC) affirmed its 2023 earnings outlook while raising profitability expectations for the upcoming year and announcing a $4 billion increase to its stock-repurchase program. Its shares gained 3%.
Bank of New York Mellon (BK) said Tuesday it is expanding its real estate presence in Lake Mary, Florida, with plans for a 300,000-square-foot campus across two locations. The bank advanced 0.7%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In economic news, the US consumer price index rose by 0.1% in November, following a flat reading in October, Bureau of Labor Statistics data showed. Centene (CNC) affirmed its 2023 earnings outlook while raising profitability expectations for the upcoming year and announcing a $4 billion increase to its stock-repurchase program. Bank of New York Mellon (BK) said Tuesday it is expanding its real estate presence in Lake Mary, Florida, with plans for a 300,000-square-foot campus across two locations.
|
Financial stocks advanced in Tuesday afternoon trading, with the NYSE Financial Index adding 0.4% and the Financial Select Sector SPDR Fund (XLF) ahead 0.6%. The Philadelphia Housing Index climbed 0.2%, and the Real Estate Select Sector SPDR Fund (XLRE) gained 0.1%. A potential deal would value Cotiviti at $10 billion to $11 billion, Bloomberg reported.
|
Financial stocks advanced in Tuesday afternoon trading, with the NYSE Financial Index adding 0.4% and the Financial Select Sector SPDR Fund (XLF) ahead 0.6%. In corporate news, KKR (KKR) is in talks to buy a 50% stake in health-care technology company Cotiviti from Veritas Capital, according to media reports. Separately, KKR is in late-stage discussions for a potential acquisition of Iris Software in a deal that may value the UK software firm at about 3 billion pounds ($3.76 billion), Bloomberg reported.
|
The Philadelphia Housing Index climbed 0.2%, and the Real Estate Select Sector SPDR Fund (XLRE) gained 0.1%. A potential deal would value Cotiviti at $10 billion to $11 billion, Bloomberg reported. KKR shares rose 0.4%.
|
8504e99d-f118-4c7b-8771-50b4740dec1b
|
712964.0
|
2023-12-12 00:00:00 UTC
|
Mid-America Apartment Communities Series A Cumulative Redeemable Preferred Shares Goes Ex-Dividend Soon
|
DCOMP
|
https://www.nasdaq.com/articles/mid-america-apartment-communities-series-a-cumulative-redeemable-preferred-shares-goes-ex
|
nan
|
nan
|
On 12/14/23, Mid-America Apartment Communities Inc's 8 1/2% Series A Cumulative Redeemable Preferred Shares (Symbol: MAA.PRI) will trade ex-dividend, for its quarterly dividend of $1.0625, payable on 1/2/24. As a percentage of MAA.PRI's recent share price of $55.30, this dividend works out to approximately 1.92%, so look for shares of MAA.PRI to trade 1.92% lower — all else being equal — when MAA.PRI shares open for trading on 12/14/23. On an annualized basis, the current yield is approximately 7.69%, which compares to an average yield of 8.17% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of MAA.PRI shares, versus MAA:
Below is a dividend history chart for MAA.PRI, showing historical dividends prior to the most recent $1.0625 on Mid-America Apartment Communities Inc's 8 1/2% Series A Cumulative Redeemable Preferred Shares:
In Tuesday trading, Mid-America Apartment Communities Inc's 8 1/2% Series A Cumulative Redeemable Preferred Shares (Symbol: MAA.PRI) is currently up about 0.1% on the day, while the common shares (Symbol: MAA) are up about 0.5%.
Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »
Also see:
EGO YTD Return
Funds Holding OFF
WORK Stock Predictions
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
On 12/14/23, Mid-America Apartment Communities Inc's 8 1/2% Series A Cumulative Redeemable Preferred Shares (Symbol: MAA.PRI) will trade ex-dividend, for its quarterly dividend of $1.0625, payable on 1/2/24. The chart below shows the one year performance of MAA.PRI shares, versus MAA: Below is a dividend history chart for MAA.PRI, showing historical dividends prior to the most recent $1.0625 on Mid-America Apartment Communities Inc's 8 1/2% Series A Cumulative Redeemable Preferred Shares: In Tuesday trading, Mid-America Apartment Communities Inc's 8 1/2% Series A Cumulative Redeemable Preferred Shares (Symbol: MAA.PRI) is currently up about 0.1% on the day, while the common shares (Symbol: MAA) are up about 0.5%. dividend stocks also have preferred shares that should be on your radar screen » Also see: EGO YTD Return Funds Holding OFF WORK Stock Predictions The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
On 12/14/23, Mid-America Apartment Communities Inc's 8 1/2% Series A Cumulative Redeemable Preferred Shares (Symbol: MAA.PRI) will trade ex-dividend, for its quarterly dividend of $1.0625, payable on 1/2/24. As a percentage of MAA.PRI's recent share price of $55.30, this dividend works out to approximately 1.92%, so look for shares of MAA.PRI to trade 1.92% lower — all else being equal — when MAA.PRI shares open for trading on 12/14/23. The chart below shows the one year performance of MAA.PRI shares, versus MAA: Below is a dividend history chart for MAA.PRI, showing historical dividends prior to the most recent $1.0625 on Mid-America Apartment Communities Inc's 8 1/2% Series A Cumulative Redeemable Preferred Shares: In Tuesday trading, Mid-America Apartment Communities Inc's 8 1/2% Series A Cumulative Redeemable Preferred Shares (Symbol: MAA.PRI) is currently up about 0.1% on the day, while the common shares (Symbol: MAA) are up about 0.5%.
|
As a percentage of MAA.PRI's recent share price of $55.30, this dividend works out to approximately 1.92%, so look for shares of MAA.PRI to trade 1.92% lower — all else being equal — when MAA.PRI shares open for trading on 12/14/23. The chart below shows the one year performance of MAA.PRI shares, versus MAA: Below is a dividend history chart for MAA.PRI, showing historical dividends prior to the most recent $1.0625 on Mid-America Apartment Communities Inc's 8 1/2% Series A Cumulative Redeemable Preferred Shares: In Tuesday trading, Mid-America Apartment Communities Inc's 8 1/2% Series A Cumulative Redeemable Preferred Shares (Symbol: MAA.PRI) is currently up about 0.1% on the day, while the common shares (Symbol: MAA) are up about 0.5%. Click here to learn which S.A.F.E.
|
On 12/14/23, Mid-America Apartment Communities Inc's 8 1/2% Series A Cumulative Redeemable Preferred Shares (Symbol: MAA.PRI) will trade ex-dividend, for its quarterly dividend of $1.0625, payable on 1/2/24. As a percentage of MAA.PRI's recent share price of $55.30, this dividend works out to approximately 1.92%, so look for shares of MAA.PRI to trade 1.92% lower — all else being equal — when MAA.PRI shares open for trading on 12/14/23. On an annualized basis, the current yield is approximately 7.69%, which compares to an average yield of 8.17% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
|
19b86ae1-1f9a-4b92-9871-234f06b9b06d
|
712965.0
|
2023-12-12 00:00:00 UTC
|
Cash Dividend On The Way From Digital Realty Trust Series L Cumulative Redeemable Preferred Stock
|
DCOMP
|
https://www.nasdaq.com/articles/cash-dividend-on-the-way-from-digital-realty-trust-series-l-cumulative-redeemable-0
|
nan
|
nan
|
On 12/14/23, Digital Realty Trust Inc's 5.200% Series L Cumulative Redeemable Preferred Stock (Symbol: DLR.PRL) will trade ex-dividend, for its quarterly dividend of $0.325, payable on 12/29/23. As a percentage of DLR.PRL's recent share price of $21.94, this dividend works out to approximately 1.48%, so look for shares of DLR.PRL to trade 1.48% lower — all else being equal — when DLR.PRL shares open for trading on 12/14/23. On an annualized basis, the current yield is approximately 5.94%, which compares to an average yield of 8.17% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of DLR.PRL shares, versus DLR:
Below is a dividend history chart for DLR.PRL, showing historical dividends prior to the most recent $0.325 on Digital Realty Trust Inc's 5.200% Series L Cumulative Redeemable Preferred Stock:
In Tuesday trading, Digital Realty Trust Inc's 5.200% Series L Cumulative Redeemable Preferred Stock (Symbol: DLR.PRL) is currently up about 0.2% on the day, while the common shares (Symbol: DLR) are off about 0.3%.
Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »
Also see:
Institutional Holders of ATL
SCHP market cap history
BSY Videos
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
On 12/14/23, Digital Realty Trust Inc's 5.200% Series L Cumulative Redeemable Preferred Stock (Symbol: DLR.PRL) will trade ex-dividend, for its quarterly dividend of $0.325, payable on 12/29/23. The chart below shows the one year performance of DLR.PRL shares, versus DLR: Below is a dividend history chart for DLR.PRL, showing historical dividends prior to the most recent $0.325 on Digital Realty Trust Inc's 5.200% Series L Cumulative Redeemable Preferred Stock: In Tuesday trading, Digital Realty Trust Inc's 5.200% Series L Cumulative Redeemable Preferred Stock (Symbol: DLR.PRL) is currently up about 0.2% on the day, while the common shares (Symbol: DLR) are off about 0.3%. dividend stocks also have preferred shares that should be on your radar screen » Also see: Institutional Holders of ATL SCHP market cap history BSY Videos The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
On 12/14/23, Digital Realty Trust Inc's 5.200% Series L Cumulative Redeemable Preferred Stock (Symbol: DLR.PRL) will trade ex-dividend, for its quarterly dividend of $0.325, payable on 12/29/23. The chart below shows the one year performance of DLR.PRL shares, versus DLR: Below is a dividend history chart for DLR.PRL, showing historical dividends prior to the most recent $0.325 on Digital Realty Trust Inc's 5.200% Series L Cumulative Redeemable Preferred Stock: In Tuesday trading, Digital Realty Trust Inc's 5.200% Series L Cumulative Redeemable Preferred Stock (Symbol: DLR.PRL) is currently up about 0.2% on the day, while the common shares (Symbol: DLR) are off about 0.3%. dividend stocks also have preferred shares that should be on your radar screen » Also see: Institutional Holders of ATL SCHP market cap history BSY Videos The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The chart below shows the one year performance of DLR.PRL shares, versus DLR: Below is a dividend history chart for DLR.PRL, showing historical dividends prior to the most recent $0.325 on Digital Realty Trust Inc's 5.200% Series L Cumulative Redeemable Preferred Stock: In Tuesday trading, Digital Realty Trust Inc's 5.200% Series L Cumulative Redeemable Preferred Stock (Symbol: DLR.PRL) is currently up about 0.2% on the day, while the common shares (Symbol: DLR) are off about 0.3%. Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen » Also see: Institutional Holders of ATL SCHP market cap history BSY Videos The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
On 12/14/23, Digital Realty Trust Inc's 5.200% Series L Cumulative Redeemable Preferred Stock (Symbol: DLR.PRL) will trade ex-dividend, for its quarterly dividend of $0.325, payable on 12/29/23. As a percentage of DLR.PRL's recent share price of $21.94, this dividend works out to approximately 1.48%, so look for shares of DLR.PRL to trade 1.48% lower — all else being equal — when DLR.PRL shares open for trading on 12/14/23. On an annualized basis, the current yield is approximately 5.94%, which compares to an average yield of 8.17% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
|
d448e039-493e-4437-9d83-d04a72c5a6c0
|
712966.0
|
2023-12-12 00:00:00 UTC
|
Consumer Sector Update for 12/12/2023: LCID, SNCY, HAS
|
DCOMP
|
https://www.nasdaq.com/articles/consumer-sector-update-for-12-12-2023%3A-lcid-sncy-has
|
nan
|
nan
|
Consumer stocks were mixed Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down slightly and the Consumer Discretionary Select Sector SPDR Fund (XLY) up fractionally.
Redbook US same-store sales rose by 3.4% from a year earlier in the week ended Dec. 9 after a 3% year-over-year increase in the previous week.
In corporate news, Lucid (LCID) shares slumped 9%, a day after the company said Sherry House is stepping down as chief financial officer, effective immediately, to pursue other opportunities.
Sun Country Airlines (SNCY) tumbled 6.4%, a day after announcing the pricing of a secondary public offering of 4 million common shares being sold by an affiliate of funds related to Apollo Global Management (APO).
Hasbro (HAS) was shedding 1.9% after saying in a regulatory filing that it expects to lay off about 900 employees, as an additional step in the company's efforts to revise its cost and organizational structure.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In corporate news, Lucid (LCID) shares slumped 9%, a day after the company said Sherry House is stepping down as chief financial officer, effective immediately, to pursue other opportunities. Sun Country Airlines (SNCY) tumbled 6.4%, a day after announcing the pricing of a secondary public offering of 4 million common shares being sold by an affiliate of funds related to Apollo Global Management (APO). Hasbro (HAS) was shedding 1.9% after saying in a regulatory filing that it expects to lay off about 900 employees, as an additional step in the company's efforts to revise its cost and organizational structure.
|
Consumer stocks were mixed Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down slightly and the Consumer Discretionary Select Sector SPDR Fund (XLY) up fractionally. In corporate news, Lucid (LCID) shares slumped 9%, a day after the company said Sherry House is stepping down as chief financial officer, effective immediately, to pursue other opportunities. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Consumer stocks were mixed Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down slightly and the Consumer Discretionary Select Sector SPDR Fund (XLY) up fractionally. In corporate news, Lucid (LCID) shares slumped 9%, a day after the company said Sherry House is stepping down as chief financial officer, effective immediately, to pursue other opportunities. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Consumer stocks were mixed Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down slightly and the Consumer Discretionary Select Sector SPDR Fund (XLY) up fractionally. Redbook US same-store sales rose by 3.4% from a year earlier in the week ended Dec. 9 after a 3% year-over-year increase in the previous week. In corporate news, Lucid (LCID) shares slumped 9%, a day after the company said Sherry House is stepping down as chief financial officer, effective immediately, to pursue other opportunities.
|
5ea70efc-1c39-4856-91d8-883336176765
|
712967.0
|
2023-12-12 00:00:00 UTC
|
AZUL November Passenger Traffic Increases From 2022 Levels
|
DCOMP
|
https://www.nasdaq.com/articles/azul-november-passenger-traffic-increases-from-2022-levels
|
nan
|
nan
|
Azul S.A. AZUL reported solid year-over-year increases in traffic and capacity for November 2023.
In November, the Brazilian carrier’s consolidated revenue passenger kilometers (a measure of air traffic) and available seat kilometers (a measure of capacity) increased 8.2% and 8.7%, respectively, on a year-over-year basis. The load factor (the percentage of seats filled by passengers) came in at 79.2% in November 2023.
On the domestic front, revenue passenger kilometers and available seat kilometers increased 1.7% and 3.3%, year over year, respectively. The load factor came in at 78.2% in November 2023.
Internationally, revenue passenger kilometers and available seat kilometers increased 38.6% and 33.9%, respectively, on a year-over-year basis. The load factor increased to 82.5% from 79.7% in November 2022.
Azul’s chief executive officer, John Rodgerson, stated, “In November, we continue to see improvements in booking trends in a resilient demand environment in both markets, with rational capacity deployment in the domestic and surpassing 2019 levels in the international. We continue excited for the strongest period of the year.”
Impressive air traffic has led to a 58.2% year-to-date appreciation in the AZUL stock. This northward movement compares favorably with the 10.9% increase recorded by the Zacks Airline industry in the same time frame.
Image Source: Zacks Investment Research
Given the buoyant traffic scenario, AZUL is not the only airline to report impressive traffic numbers for November. Ryanair Holdings RYAAY, a European carrier, also reported solid traffic numbers for November, driven by upbeat air-travel demand. The number of passengers ferried on RYAAY flights in September was 11.7 million, implying that 4% more passengers flew than a year ago.
The load factor (percentage of seats filled by passengers) was high at 92% in November 2023. The reading was similar in the year-ago period. RYAAY operated more than 66,400 flights in November 2023. However, more than 960 flights got canceled due to the Israel/Gaza conflict.
Zacks Rank and Stocks to Consider
Currently, AZUL carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the Zacks Transportation sector are Westinghouse Air Brake Technologies Corporation, operating as Wabtec Corporation WAB and SkyWest, Inc. SKYW. Each stock presently carries a Zacks Rank of 2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Wabtec has an expected earnings growth rate of 22.02% for the current year. WAB delivered a trailing four-quarter earnings surprise of 7.11%, on average.
The Zacks Consensus Estimate for WAB’s current-year earnings has improved 5.1% over the past 90 days. Shares of WAB have gained 19.4% year to date.
SkyWest's fleet-modernization efforts are commendable. The Zacks Consensus Estimate for SKYW’s current-year earnings has improved 31.5% over the past 90 days. Shares of SKYW have surged 194.8% year to date.
SKYW delivered a trailing four-quarter earnings surprise of 32.57%, 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
Ryanair Holdings PLC (RYAAY) : Free Stock Analysis Report
SkyWest, Inc. (SKYW) : Free Stock Analysis Report
Westinghouse Air Brake Technologies Corporation (WAB) : 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.
|
Azul’s chief executive officer, John Rodgerson, stated, “In November, we continue to see improvements in booking trends in a resilient demand environment in both markets, with rational capacity deployment in the domestic and surpassing 2019 levels in the international. Ryanair Holdings RYAAY, a European carrier, also reported solid traffic numbers for November, driven by upbeat air-travel demand. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
|
In November, the Brazilian carrier’s consolidated revenue passenger kilometers (a measure of air traffic) and available seat kilometers (a measure of capacity) increased 8.2% and 8.7%, respectively, on a year-over-year basis. Some better-ranked stocks from the Zacks Transportation sector are Westinghouse Air Brake Technologies Corporation, operating as Wabtec Corporation WAB and SkyWest, Inc. SKYW. Click to get this free report Ryanair Holdings PLC (RYAAY) : Free Stock Analysis Report SkyWest, Inc. (SKYW) : Free Stock Analysis Report Westinghouse Air Brake Technologies Corporation (WAB) : Free Stock Analysis Report AZUL (AZUL) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Image Source: Zacks Investment Research Given the buoyant traffic scenario, AZUL is not the only airline to report impressive traffic numbers for November. Zacks Rank and Stocks to Consider Currently, AZUL carries a Zacks Rank #3 (Hold). Click to get this free report Ryanair Holdings PLC (RYAAY) : Free Stock Analysis Report SkyWest, Inc. (SKYW) : Free Stock Analysis Report Westinghouse Air Brake Technologies Corporation (WAB) : Free Stock Analysis Report AZUL (AZUL) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Azul S.A. AZUL reported solid year-over-year increases in traffic and capacity for November 2023. On the domestic front, revenue passenger kilometers and available seat kilometers increased 1.7% and 3.3%, year over year, respectively. Want the latest recommendations from Zacks Investment Research?
|
18983dcd-a572-4fb8-ba95-8ec43109e8ad
|
712968.0
|
2023-12-12 00:00:00 UTC
|
Goldman (GS) to Expand Private Credit, Reshuffles Executives
|
DCOMP
|
https://www.nasdaq.com/articles/goldman-gs-to-expand-private-credit-reshuffles-executives
|
nan
|
nan
|
The Goldman Sachs Group, Inc. GS intends to capitalize on the significant growth of the private credit industry. It aims to double the size of its business with assets worth $110 billion under management over the medium term.
Per Bloomberg, Marc Nachmann stated, “We think it’s the biggest opportunity set across the alternative space.”
According to an internal memo circulated by the company, GS has been making changes in its senior executives’ positions. It appointed Greg Olafson as its global head of private credit. Also, it appointed James Reynolds as the global head of direct lending and Kevin Sterling as the global head of investment-grade private credit and asset finance.
The private credit market has shown impressive growth over the years. Per Morgan Stanley’s private credit outlook that cited Bloomberg's January 2023 data, the size of the private credit market in the United States at the beginning of 2023 was approximately $1.4 trillion, up from $875 billion in 2020. Further, it is projected to reach $2.3 trillion by 2027.
The expansion into the private credit space will drive Goldman’s revenue growth efforts to scale back its consumer banking footprint and focus on its core strengths of investment banking, trading and asset management.
Accordingly, in October 2023, the company entered into an agreement with a consortium led by investment firm Sixth Street Partners to divest its consumer lending platform, GreenSky, and associated loans. In August 2023, it also entered into an agreement to divest its Personal Financial Management unit to the leading registered investment advisor, Creative Planning.
Last month, Goldman received a proposal from Apple Inc. AAPL to end the credit card partnership in the next 12-15 months. Per a Reuters article, the proposal included retreating from the entire consumer partnership with Goldman. This included both credit card and savings account facilities.
Goldman’s shares have risen 2.7% over the past six months compared with the industry’s 4.5% growth.
Image Source: Zacks Investment Research
GS presently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
In the current scenario, Goldman is not the only one expanding into the direct lending space. Given the opportunities in this market, major banks like Citigroup Inc. C and JPMorgan Chase & Co. JPM have also been looking for prospective partners to expand their offerings in the private lending business.
C intends to enter the direct lending space by early January next year. This was reported by Bloomberg. According to a source familiar with the matter, “The initiative would complement the bank’s existing broadly syndicated leveraged finance business”. Citigroup is expected to associate with one or more partners as it would aid in providing the necessary capital for giving loans.
JPM is also on the lookout for a potential partner to enhance its operations in the private credit space. This was first reported by Bloomberg in early November. Per people familiar with the matter, the discussions were at an early stage with various sovereign wealth funds, endowments and alternate asset managers.
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 Goldman Sachs Group, Inc. (GS) : Free Stock Analysis Report
JPMorgan Chase & Co. (JPM) : Free Stock Analysis Report
Citigroup Inc. (C) : Free Stock Analysis Report
Apple Inc. (AAPL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Per Bloomberg, Marc Nachmann stated, “We think it’s the biggest opportunity set across the alternative space.” According to an internal memo circulated by the company, GS has been making changes in its senior executives’ positions. Accordingly, in October 2023, the company entered into an agreement with a consortium led by investment firm Sixth Street Partners to divest its consumer lending platform, GreenSky, and associated loans. Given the opportunities in this market, major banks like Citigroup Inc. C and JPMorgan Chase & Co. JPM have also been looking for prospective partners to expand their offerings in the private lending business.
|
The Goldman Sachs Group, Inc. GS intends to capitalize on the significant growth of the private credit industry. C intends to enter the direct lending space by early January next year. Click to get this free report The Goldman Sachs Group, Inc. (GS) : Free Stock Analysis Report JPMorgan Chase & Co. (JPM) : Free Stock Analysis Report Citigroup Inc. (C) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Per Morgan Stanley’s private credit outlook that cited Bloomberg's January 2023 data, the size of the private credit market in the United States at the beginning of 2023 was approximately $1.4 trillion, up from $875 billion in 2020. The expansion into the private credit space will drive Goldman’s revenue growth efforts to scale back its consumer banking footprint and focus on its core strengths of investment banking, trading and asset management. Click to get this free report The Goldman Sachs Group, Inc. (GS) : Free Stock Analysis Report JPMorgan Chase & Co. (JPM) : Free Stock Analysis Report Citigroup Inc. (C) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Per Morgan Stanley’s private credit outlook that cited Bloomberg's January 2023 data, the size of the private credit market in the United States at the beginning of 2023 was approximately $1.4 trillion, up from $875 billion in 2020. Given the opportunities in this market, major banks like Citigroup Inc. C and JPMorgan Chase & Co. JPM have also been looking for prospective partners to expand their offerings in the private lending business. Zacks Investment Research has just released an urgent special report to help you bank on this trend.
|
7bb98770-a8bf-4e31-8434-cfb716421201
|
712969.0
|
2023-12-12 00:00:00 UTC
|
Technology Sector Update for 12/12/2023: ORCL, GOOG, NVEE
|
DCOMP
|
https://www.nasdaq.com/articles/technology-sector-update-for-12-12-2023%3A-orcl-goog-nvee
|
nan
|
nan
|
Tech stocks were mixed in Tuesday afternoon trading, with the Technology Select Sector SPDR Fund (XLK) rising 0.3% and the SPDR S&P Semiconductor ETF (XSD) down 0.5%.
The Philadelphia Semiconductor index added 0.3%.
In corporate news, Oracle (ORCL) shares tumbled 12%. Analysts cut their price targets for the company after its fiscal Q2 results late Monday showed revenue missed estimates.
Alphabet's (GOOG) Google has lost an antitrust trial to Epic Games after a US court ruled Monday that the search giant was running an illegal monopoly with its app store and payment system. Alphabet shares fell 0.6%.
NV5 Global (NVEE) said Tuesday it has been awarded a $9 million contract by a Northern California utility to provide vegetation management services. Its shares rose 1.3%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Analysts cut their price targets for the company after its fiscal Q2 results late Monday showed revenue missed estimates. Alphabet's (GOOG) Google has lost an antitrust trial to Epic Games after a US court ruled Monday that the search giant was running an illegal monopoly with its app store and payment system. NV5 Global (NVEE) said Tuesday it has been awarded a $9 million contract by a Northern California utility to provide vegetation management services.
|
Tech stocks were mixed in Tuesday afternoon trading, with the Technology Select Sector SPDR Fund (XLK) rising 0.3% and the SPDR S&P Semiconductor ETF (XSD) down 0.5%. Alphabet shares fell 0.6%. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Tech stocks were mixed in Tuesday afternoon trading, with the Technology Select Sector SPDR Fund (XLK) rising 0.3% and the SPDR S&P Semiconductor ETF (XSD) down 0.5%. Alphabet's (GOOG) Google has lost an antitrust trial to Epic Games after a US court ruled Monday that the search giant was running an illegal monopoly with its app store and payment system. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Tech stocks were mixed in Tuesday afternoon trading, with the Technology Select Sector SPDR Fund (XLK) rising 0.3% and the SPDR S&P Semiconductor ETF (XSD) down 0.5%. The Philadelphia Semiconductor index added 0.3%. Its shares rose 1.3%.
|
2a77db9d-7cae-4c04-8913-0ede529d17bd
|
712970.0
|
2023-12-12 00:00:00 UTC
|
UAW Files Unfair Labor Practice Charges Against Honda, Hyundai And VW
|
DCOMP
|
https://www.nasdaq.com/articles/uaw-files-unfair-labor-practice-charges-against-honda-hyundai-and-vw
|
nan
|
nan
|
(RTTNews) - The United Auto Workers has filed unfair labor practice charges with the National Labor Relations Board against Honda Motor, Hyundai Motor and Volkswagen, accusing the automakers of illegally union-busting as workers organize to join the UAW.
UAW alleges management at three facilities: Honda in Greensburg, Indiana; Hyundai in Montgomery, Alabama; and Volkswagen in Chattanooga, Tennessee for "union-busting".
"We are filing an unfair labor practice charge against Honda because of management illegally telling us to remove union stickers from our hats, and for basically threatening us with write-ups," says Honda worker Josh Cupit in a new video released by More Perfect Union. "It's essentially to show Honda that we know what our rights are and that they're not gonna bully us and we're not gonna back down from 'em. And we know that they are in the wrong."
"These companies are breaking the law in an attempt to get autoworkers to sit down and shut up instead of fighting for their fair share," said UAW President Shawn Fain. "But these workers are showing management that they won't be intimidated out of their right to speak up and organize for a better life. From Honda to Hyundai to Volkswagen and beyond, we've got their back. The auto industry's record profits should mean record contracts for these workers, too."
Hyundai and Honda refuted the allegations. Volkswagen said it takes such "claims like this very seriously and will investigate accordingly."
According to the Union, Honda workers are being targeted and surveilled by management for pro-union activity at the company's Indiana Auto Plant in Greensburg, Indiana. Hundreds of workers at the facility have signed union cards and are organizing to join the UAW.
At Hyundai's Montgomery, Alabama plant, management has unlawfully confiscated, destroyed, and prohibited pro-union materials in non-work areas during non-work times.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
(RTTNews) - The United Auto Workers has filed unfair labor practice charges with the National Labor Relations Board against Honda Motor, Hyundai Motor and Volkswagen, accusing the automakers of illegally union-busting as workers organize to join the UAW. UAW alleges management at three facilities: Honda in Greensburg, Indiana; Hyundai in Montgomery, Alabama; and Volkswagen in Chattanooga, Tennessee for "union-busting". "These companies are breaking the law in an attempt to get autoworkers to sit down and shut up instead of fighting for their fair share," said UAW President Shawn Fain.
|
(RTTNews) - The United Auto Workers has filed unfair labor practice charges with the National Labor Relations Board against Honda Motor, Hyundai Motor and Volkswagen, accusing the automakers of illegally union-busting as workers organize to join the UAW. UAW alleges management at three facilities: Honda in Greensburg, Indiana; Hyundai in Montgomery, Alabama; and Volkswagen in Chattanooga, Tennessee for "union-busting". "We are filing an unfair labor practice charge against Honda because of management illegally telling us to remove union stickers from our hats, and for basically threatening us with write-ups," says Honda worker Josh Cupit in a new video released by More Perfect Union.
|
(RTTNews) - The United Auto Workers has filed unfair labor practice charges with the National Labor Relations Board against Honda Motor, Hyundai Motor and Volkswagen, accusing the automakers of illegally union-busting as workers organize to join the UAW. UAW alleges management at three facilities: Honda in Greensburg, Indiana; Hyundai in Montgomery, Alabama; and Volkswagen in Chattanooga, Tennessee for "union-busting". "We are filing an unfair labor practice charge against Honda because of management illegally telling us to remove union stickers from our hats, and for basically threatening us with write-ups," says Honda worker Josh Cupit in a new video released by More Perfect Union.
|
(RTTNews) - The United Auto Workers has filed unfair labor practice charges with the National Labor Relations Board against Honda Motor, Hyundai Motor and Volkswagen, accusing the automakers of illegally union-busting as workers organize to join the UAW. UAW alleges management at three facilities: Honda in Greensburg, Indiana; Hyundai in Montgomery, Alabama; and Volkswagen in Chattanooga, Tennessee for "union-busting". From Honda to Hyundai to Volkswagen and beyond, we've got their back.
|
dab089ff-0cde-446a-80ad-7cc914e49edd
|
712971.0
|
2023-12-12 00:00:00 UTC
|
3 Strong-Buy Dividend Stocks for Promising Passive Income
|
DCOMP
|
https://www.nasdaq.com/articles/3-strong-buy-dividend-stocks-for-promising-passive-income
|
nan
|
nan
|
InvestorPlace - Stock Market News, Stock Advice & Trading Tips
2023 has been a mixed year. While growth stocks enjoyed the upside momentum, several industries suffered due to high inflation and low consumer spending. However, it looks like better days are ahead, and if you are planning to invest in dividend stocks, consider the company fundamentals before making a move. If the company is stable, has a solid balance sheet and has a strong dividend history, it will continue generating steady income for years to come. As we inch closer to 2024, it is time to reevaluate the stocks you own and invest in those that look promising and have the possibility of generating passive income. With that in mind, here are the three strong buy dividend stocks to consider.
Chevron (CVX)
Source: Jeff Whyte / Shutterstock.com
Oil giant Chevron (NYSE:CVX) has rewarded investors for years and it aims to increase capital spending by 11% in 2024. This is a sign that it will be focusing on new projects and will be able to deliver strong returns. When it has more money, it will be able to return more to the shareholders. It aims to invest around $15.5 billion to $16.5 billion into capital projects in the coming year and has a few acquisitions that will work as catalysts for business growth.
Chevron has agreed to purchase Hess Corp. (NYSE:HES) for $53 billion, and while the deal hasn’t closed yet, it is expected to add long-term value to the company. It has also just closed the acquisition of PDC Energy, and this deal is expected to add 1 billion barrels of oil equivalent reserves.
In the third quarter, the company reported an EPS of $3.05 and currently enjoys a dividend yield of 4.25%. It announced a quarterly dividend of $1.51 which isn’t too bad in the current times. With the high capital budget on the projects, Chevron will see significant growth in the coming year. I believe it will be able to sustain the dividends and continue rewarding shareholders for years to come. The stock is down 18% year to date and is much lower than the 52-week high of $187.
The company is focused on investments that pay off in the long term. It has increased the dividend payout for 36 years straight, and it aims to grow the dividend even faster, at 8% in January. Higher capital spending, increased cash flow, and steady dividends make the company worth an addition to your portfolio.
AT&T (T)
Source: Shutterstock
Many have written off the telecom giant AT&T (NYSE:T) but it still has a long way to go. I believe the worst is over for it. The company is currently working on revamping the wireless network services and has signed a deal with Ericsson(NASDAQ:ERIC) to invest $14 billion over the next five years.
This deal could be a game-changer for the business, and it has given a boost to the stock. It is expected that this collaboration will help cover about 70% of the company’s wireless traffic across the U.S. T stock is up 5% over the past month and trading at $16.42 today. I believe the stock can make a comeback in 2024.
The company expects to generate $16.5 billion in free cash flow this year and has been steadily growing its wireless subscriber base. In the third quarter, it added 468,000 net phone subscribers. It is already working on revamping the Open RAN technology and this is an investment that will pay off in the coming years.
As free cash flow and subscribers continue to grow, it will be able to reward shareholders significantly.
The company is investing in next-gen technology and this shows its commitment to catering to the needs of the users. As a dividend stock, AT&T is a strong pick. It enjoys a dividend yield of 6.75% and it has enough cash flow to support this dividend. Add T stock to your portfolio before it starts to soar in 2024.
Morgan Stanley (MS)
Source: Ken Wolter / Shutterstock.com
If you aren’t willing to start trusting traditional banks again, you can consider Morgan Stanley (NYSE:MS) which sets itself apart from the rest. While it is a bank, the big reason to invest in it is the diversified revenue streams.
The majority of its revenue comes from the wealth management division which ensures consistency and stability. Since it doesn’t work like a lending business, it has a steady flow of income and it is predictable income to some extent.
With an improvement in the market conditions, it looks like Morgan Stanley could start soaring with the investment banking business. There is a positive sentiment in the market and as we see new IPO openings, we could see Morgan Stanley report higher underwriting revenue numbers.
For the third quarter results, it reported an EPS of $1.38 and a revenue of $13.3 billion, much higher than analyst expectations. However, its wealth management business disappointed investors by only adding $36 billion in net assets.
The stock is significantly down from the 52-week high of $101 and has dropped by 3% year to date. This is a good chance to grab the dividend stock. It enjoys a dividend yield of 4.10% and recently announced a quarterly dividend of $0.85. The company is stable, has an impressive balance sheet, and several catalysts are working in its favor which shows that it has a high chance of bouncing back in the coming year.
On the date of publication, Vandita Jadeja did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Vandita Jadeja is a CPA and a freelance financial copywriter who loves to read and write about stocks. She believes in buying and holding for long term gains. Her knowledge of words and numbers helps her write clear stock analysis.
More From InvestorPlace
ChatGPT IPO Could Shock the World, Make This Move Before the Announcement
Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In.
The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors
The post 3 Strong-Buy Dividend Stocks for Promising Passive Income 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.
|
The company is currently working on revamping the wireless network services and has signed a deal with Ericsson(NASDAQ:ERIC) to invest $14 billion over the next five years. The company is stable, has an impressive balance sheet, and several catalysts are working in its favor which shows that it has a high chance of bouncing back in the coming year. More From InvestorPlace ChatGPT IPO Could Shock the World, Make This Move Before the Announcement Musk’s “Project Omega” May Be Set to Mint New Millionaires.
|
If the company is stable, has a solid balance sheet and has a strong dividend history, it will continue generating steady income for years to come. Chevron (CVX) Source: Jeff Whyte / Shutterstock.com Oil giant Chevron (NYSE:CVX) has rewarded investors for years and it aims to increase capital spending by 11% in 2024. Higher capital spending, increased cash flow, and steady dividends make the company worth an addition to your portfolio.
|
However, it looks like better days are ahead, and if you are planning to invest in dividend stocks, consider the company fundamentals before making a move. It aims to invest around $15.5 billion to $16.5 billion into capital projects in the coming year and has a few acquisitions that will work as catalysts for business growth. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 Strong-Buy Dividend Stocks for Promising Passive Income appeared first on InvestorPlace.
|
It aims to invest around $15.5 billion to $16.5 billion into capital projects in the coming year and has a few acquisitions that will work as catalysts for business growth. Higher capital spending, increased cash flow, and steady dividends make the company worth an addition to your portfolio. The company expects to generate $16.5 billion in free cash flow this year and has been steadily growing its wireless subscriber base.
|
714e513a-0d50-4bf8-9d78-dea3c84e9ca8
|
712972.0
|
2023-12-12 00:00:00 UTC
|
Notable Tuesday Option Activity: KVUE, HCA, LNG
|
DCOMP
|
https://www.nasdaq.com/articles/notable-tuesday-option-activity%3A-kvue-hca-lng
|
nan
|
nan
|
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Kenvue Inc (Symbol: KVUE), where a total of 122,084 contracts have traded so far, representing approximately 12.2 million underlying shares. That amounts to about 53.8% of KVUE's average daily trading volume over the past month of 22.7 million shares. Particularly high volume was seen for the $20 strike call option expiring January 19, 2024, with 19,155 contracts trading so far today, representing approximately 1.9 million underlying shares of KVUE. Below is a chart showing KVUE's trailing twelve month trading history, with the $20 strike highlighted in orange:
HCA Healthcare Inc (Symbol: HCA) options are showing a volume of 7,391 contracts thus far today. That number of contracts represents approximately 739,100 underlying shares, working out to a sizeable 50.1% of HCA's average daily trading volume over the past month, of 1.5 million shares. Especially high volume was seen for the $250 strike call option expiring December 15, 2023, with 3,362 contracts trading so far today, representing approximately 336,200 underlying shares of HCA. Below is a chart showing HCA's trailing twelve month trading history, with the $250 strike highlighted in orange:
And Cheniere Energy Inc. (Symbol: LNG) options are showing a volume of 7,351 contracts thus far today. That number of contracts represents approximately 735,100 underlying shares, working out to a sizeable 49.5% of LNG's average daily trading volume over the past month, of 1.5 million shares. Particularly high volume was seen for the $167.50 strike put option expiring December 15, 2023, with 1,808 contracts trading so far today, representing approximately 180,800 underlying shares of LNG. Below is a chart showing LNG's trailing twelve month trading history, with the $167.50 strike highlighted in orange:
For the various different available expirations for KVUE options, HCA options, or LNG options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Earnings Surprises
Institutional Holders of GDV
Top Ten Hedge Funds Holding AXLA
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Particularly high volume was seen for the $20 strike call option expiring January 19, 2024, with 19,155 contracts trading so far today, representing approximately 1.9 million underlying shares of KVUE. Especially high volume was seen for the $250 strike call option expiring December 15, 2023, with 3,362 contracts trading so far today, representing approximately 336,200 underlying shares of HCA. Particularly high volume was seen for the $167.50 strike put option expiring December 15, 2023, with 1,808 contracts trading so far today, representing approximately 180,800 underlying shares of LNG.
|
Below is a chart showing KVUE's trailing twelve month trading history, with the $20 strike highlighted in orange: HCA Healthcare Inc (Symbol: HCA) options are showing a volume of 7,391 contracts thus far today. That number of contracts represents approximately 739,100 underlying shares, working out to a sizeable 50.1% of HCA's average daily trading volume over the past month, of 1.5 million shares. That number of contracts represents approximately 735,100 underlying shares, working out to a sizeable 49.5% of LNG's average daily trading volume over the past month, of 1.5 million shares.
|
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Kenvue Inc (Symbol: KVUE), where a total of 122,084 contracts have traded so far, representing approximately 12.2 million underlying shares. Particularly high volume was seen for the $20 strike call option expiring January 19, 2024, with 19,155 contracts trading so far today, representing approximately 1.9 million underlying shares of KVUE. Below is a chart showing KVUE's trailing twelve month trading history, with the $20 strike highlighted in orange: HCA Healthcare Inc (Symbol: HCA) options are showing a volume of 7,391 contracts thus far today.
|
Particularly high volume was seen for the $20 strike call option expiring January 19, 2024, with 19,155 contracts trading so far today, representing approximately 1.9 million underlying shares of KVUE. Especially high volume was seen for the $250 strike call option expiring December 15, 2023, with 3,362 contracts trading so far today, representing approximately 336,200 underlying shares of HCA. Below is a chart showing LNG's trailing twelve month trading history, with the $167.50 strike highlighted in orange: For the various different available expirations for KVUE options, HCA options, or LNG options, visit StockOptionsChannel.com.
|
3c48d4fc-8c39-46b9-b2c8-1354ccac5389
|
712973.0
|
2023-12-12 00:00:00 UTC
|
Abbott (ABT) Advances But Underperforms Market: Key Facts
|
DCOMP
|
https://www.nasdaq.com/articles/abbott-abt-advances-but-underperforms-market%3A-key-facts
|
nan
|
nan
|
The most recent trading session ended with Abbott (ABT) standing at $106.68, reflecting a +0.43% shift from the previouse trading day's closing. This move 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%.
Prior to today's trading, shares of the maker of infant formula, medical devices and drugs had gained 10.89% over the past month. This has outpaced the Medical sector's gain of 4.8% and the S&P 500's gain of 4.85% in that time.
Investors will be eagerly watching for the performance of Abbott in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $1.19, marking a 15.53% rise compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $10.14 billion, up 0.49% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.44 per share and a revenue of $40.01 billion, representing changes of -16.85% and -8.35%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Abbott. Recent revisions tend to reflect the latest 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. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Abbott is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Abbott is holding a Forward P/E ratio of 23.92. This denotes a premium relative to the industry's average Forward P/E of 20.69.
Also, we should mention that ABT has a PEG ratio of 2.66. 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 Medical - Products industry stood at 2.59 at the close of the market yesterday.
The Medical - Products industry is part of the Medical sector. Currently, this industry holds a Zacks Industry Rank of 138, positioning it in the bottom 46% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ABT in the coming trading sessions, be sure to utilize Zacks.com.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Abbott Laboratories (ABT) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Prior to today's trading, shares of the maker of infant formula, medical devices and drugs had gained 10.89% over the past month. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
|
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.44 per share and a revenue of $40.01 billion, representing changes of -16.85% and -8.35%, respectively, from the prior year. Recent revisions tend to reflect the latest near-term business trends. Click to get this free report Abbott Laboratories (ABT) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Currently, this industry holds a Zacks Industry Rank of 138, positioning it in the bottom 46% of all 250+ industries. The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Click to get this free report Abbott Laboratories (ABT) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.44 per share and a revenue of $40.01 billion, representing changes of -16.85% and -8.35%, respectively, from the prior year. Currently, this industry holds a Zacks Industry Rank of 138, positioning it in the bottom 46% of all 250+ industries. Want the latest recommendations from Zacks Investment Research?
|
3b1d2ae3-d22f-4360-b4ce-ad61bdd57fc5
|
712974.0
|
2023-12-12 00:00:00 UTC
|
Noteworthy Tuesday Option Activity: FIZZ, ICVX, IBM
|
DCOMP
|
https://www.nasdaq.com/articles/noteworthy-tuesday-option-activity%3A-fizz-icvx-ibm
|
nan
|
nan
|
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in National Beverage Corp. (Symbol: FIZZ), where a total of 1,743 contracts have traded so far, representing approximately 174,300 underlying shares. That amounts to about 118.2% of FIZZ's average daily trading volume over the past month of 147,405 shares. Especially high volume was seen for the $47 strike put option expiring January 19, 2024, with 1,525 contracts trading so far today, representing approximately 152,500 underlying shares of FIZZ. Below is a chart showing FIZZ's trailing twelve month trading history, with the $47 strike highlighted in orange:
Icosavax Inc (Symbol: ICVX) saw options trading volume of 4,593 contracts, representing approximately 459,300 underlying shares or approximately 109.1% of ICVX's average daily trading volume over the past month, of 420,980 shares. Particularly high volume was seen for the $15 strike put option expiring January 19, 2024, with 1,569 contracts trading so far today, representing approximately 156,900 underlying shares of ICVX. Below is a chart showing ICVX's trailing twelve month trading history, with the $15 strike highlighted in orange:
And International Business Machines Corp (Symbol: IBM) options are showing a volume of 44,054 contracts thus far today. That number of contracts represents approximately 4.4 million underlying shares, working out to a sizeable 108.8% of IBM's average daily trading volume over the past month, of 4.1 million shares. Especially high volume was seen for the $165 strike call option expiring December 15, 2023, with 2,197 contracts trading so far today, representing approximately 219,700 underlying shares of IBM. Below is a chart showing IBM's trailing twelve month trading history, with the $165 strike highlighted in orange:
For the various different available expirations for FIZZ options, ICVX options, or IBM options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Institutional Holders of NDLS
Funds Holding APLS
VIRT 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.
|
Especially high volume was seen for the $47 strike put option expiring January 19, 2024, with 1,525 contracts trading so far today, representing approximately 152,500 underlying shares of FIZZ. Particularly high volume was seen for the $15 strike put option expiring January 19, 2024, with 1,569 contracts trading so far today, representing approximately 156,900 underlying shares of ICVX. Especially high volume was seen for the $165 strike call option expiring December 15, 2023, with 2,197 contracts trading so far today, representing approximately 219,700 underlying shares of IBM.
|
Especially high volume was seen for the $47 strike put option expiring January 19, 2024, with 1,525 contracts trading so far today, representing approximately 152,500 underlying shares of FIZZ. Below is a chart showing FIZZ's trailing twelve month trading history, with the $47 strike highlighted in orange: Icosavax Inc (Symbol: ICVX) saw options trading volume of 4,593 contracts, representing approximately 459,300 underlying shares or approximately 109.1% of ICVX's average daily trading volume over the past month, of 420,980 shares. Particularly high volume was seen for the $15 strike put option expiring January 19, 2024, with 1,569 contracts trading so far today, representing approximately 156,900 underlying shares of ICVX.
|
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in National Beverage Corp. (Symbol: FIZZ), where a total of 1,743 contracts have traded so far, representing approximately 174,300 underlying shares. Especially high volume was seen for the $47 strike put option expiring January 19, 2024, with 1,525 contracts trading so far today, representing approximately 152,500 underlying shares of FIZZ. Below is a chart showing FIZZ's trailing twelve month trading history, with the $47 strike highlighted in orange: Icosavax Inc (Symbol: ICVX) saw options trading volume of 4,593 contracts, representing approximately 459,300 underlying shares or approximately 109.1% of ICVX's average daily trading volume over the past month, of 420,980 shares.
|
Especially high volume was seen for the $47 strike put option expiring January 19, 2024, with 1,525 contracts trading so far today, representing approximately 152,500 underlying shares of FIZZ. Below is a chart showing FIZZ's trailing twelve month trading history, with the $47 strike highlighted in orange: Icosavax Inc (Symbol: ICVX) saw options trading volume of 4,593 contracts, representing approximately 459,300 underlying shares or approximately 109.1% of ICVX's average daily trading volume over the past month, of 420,980 shares. Below is a chart showing IBM's trailing twelve month trading history, with the $165 strike highlighted in orange: For the various different available expirations for FIZZ options, ICVX options, or IBM options, visit StockOptionsChannel.com.
|
b67ad071-f10e-40a6-a434-3be907af60ab
|
712975.0
|
2023-12-12 00:00:00 UTC
|
Exxon Mobil (XOM) Stock Sinks As Market Gains: Here's Why
|
DCOMP
|
https://www.nasdaq.com/articles/exxon-mobil-xom-stock-sinks-as-market-gains%3A-heres-why
|
nan
|
nan
|
Exxon Mobil (XOM) closed at $98.05 in the latest trading session, marking a -1.58% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.46%. Meanwhile, the Dow gained 0.48%, and the Nasdaq, a tech-heavy index, added 0.7%.
The oil and natural gas company's stock has dropped by 4.98% in the past month, falling short of the Oils-Energy sector's loss of 0.85% and the S&P 500's gain of 4.85%.
Investors will be eagerly watching for the performance of Exxon Mobil in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $2.12, reflecting a 37.65% decrease from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $92.85 billion, indicating a 2.71% decline compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $9.21 per share and revenue of $350.72 billion, which would represent changes of -34.5% and -15.22%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Exxon Mobil. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.22% lower. Exxon Mobil is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, Exxon Mobil currently has a Forward P/E ratio of 10.81. This denotes a premium relative to the industry's average Forward P/E of 6.65.
One should further note that XOM currently holds a PEG ratio of 3.6. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Oil and Gas - Integrated - International industry currently had an average PEG ratio of 0.82 as of yesterday's close.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 68, positioning it in the top 27% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow XOM in the coming trading sessions, be sure to utilize Zacks.com.
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
Exxon Mobil Corporation (XOM) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The oil and natural gas company's stock has dropped by 4.98% in the past month, falling short of the Oils-Energy sector's loss of 0.85% and the S&P 500's gain of 4.85%. In the meantime, our current consensus estimate forecasts the revenue to be $92.85 billion, indicating a 2.71% decline compared to the corresponding quarter of the prior year. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
|
Exxon Mobil (XOM) closed at $98.05 in the latest trading session, marking a -1.58% move from the prior day. For the full year, the Zacks Consensus Estimates are projecting earnings of $9.21 per share and revenue of $350.72 billion, which would represent changes of -34.5% and -15.22%, respectively, from the prior year. Click to get this free report Exxon Mobil Corporation (XOM) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Currently, this industry holds a Zacks Industry Rank of 68, positioning it in the top 27% of all 250+ industries. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Click to get this free report Exxon Mobil Corporation (XOM) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Exxon Mobil (XOM) closed at $98.05 in the latest trading session, marking a -1.58% move from the prior day. Exxon Mobil is currently sporting a Zacks Rank of #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.
|
5f6b864f-baae-4b03-b19c-ae503355b6cc
|
712976.0
|
2023-12-12 00:00:00 UTC
|
Netflix (NFLX) Outpaces Stock Market Gains: What You Should Know
|
DCOMP
|
https://www.nasdaq.com/articles/netflix-nflx-outpaces-stock-market-gains%3A-what-you-should-know-8
|
nan
|
nan
|
Netflix (NFLX) closed the most recent trading day at $463, moving +0.68% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.46%. On the other hand, the Dow registered a gain of 0.48%, and the technology-centric Nasdaq increased by 0.7%.
Shares of the internet video service witnessed a gain of 3.43% over the previous month, trailing the performance of the Consumer Discretionary sector with its gain of 6.68% and the S&P 500's gain of 4.85%.
The investment community will be paying close attention to the earnings performance of Netflix in its upcoming release. In that report, analysts expect Netflix to post earnings of $2.18 per share. This would mark year-over-year growth of 1716.67%. Alongside, our most recent consensus estimate is anticipating revenue of $8.7 billion, indicating a 10.86% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $12.07 per share and revenue of $33.6 billion, indicating changes of +21.31% and +6.26%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Netflix should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Netflix is currently sporting a Zacks Rank of #3 (Hold).
Looking at valuation, Netflix is presently trading at a Forward P/E ratio of 38.1. This denotes a premium relative to the industry's average Forward P/E of 14.71.
It's also important to note that NFLX currently trades at a PEG ratio of 1.79. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Broadcast Radio and Television industry currently had an average PEG ratio of 1.47 as of yesterday's close.
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 86, finds itself in the top 35% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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
Netflix, Inc. (NFLX) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The investment community will be paying close attention to the earnings performance of Netflix in its upcoming release. Alongside, our most recent consensus estimate is anticipating revenue of $8.7 billion, indicating a 10.86% upward movement from the same quarter last year. 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."
|
Netflix (NFLX) closed the most recent trading day at $463, moving +0.68% from the previous trading session. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $12.07 per share and revenue of $33.6 billion, indicating changes of +21.31% and +6.26%, respectively, compared to the previous year. Click to get this free report Netflix, Inc. (NFLX) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $12.07 per share and revenue of $33.6 billion, indicating changes of +21.31% and +6.26%, respectively, compared to the previous year. This industry, currently bearing a Zacks Industry Rank of 86, finds itself in the top 35% 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.
|
Netflix (NFLX) closed the most recent trading day at $463, moving +0.68% from the previous trading session. 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. Zacks Investment Research has just released an urgent special report to help you bank on this trend.
|
9d9370fa-5990-47e5-8aec-26a4ea234341
|
712977.0
|
2023-12-12 00:00:00 UTC
|
Micron (MU) Rises Higher Than Market: Key Facts
|
DCOMP
|
https://www.nasdaq.com/articles/micron-mu-rises-higher-than-market%3A-key-facts
|
nan
|
nan
|
In the latest trading session, Micron (MU) closed at $78.16, marking a +0.48% move from the previous day. The stock outperformed the S&P 500, which registered a daily gain of 0.46%. Meanwhile, the Dow experienced a rise of 0.48%, and the technology-dominated Nasdaq saw an increase of 0.7%.
Coming into today, shares of the chipmaker had gained 4.03% in the past month. In that same time, the Computer and Technology sector gained 4.16%, while the S&P 500 gained 4.85%.
The investment community will be closely monitoring the performance of Micron in its forthcoming earnings report. The company is scheduled to release its earnings on December 20, 2023. The company's earnings per share (EPS) are projected to be -$1.01, reflecting a 2425% decrease from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $4.6 billion, indicating a 12.6% increase compared to the same quarter of the previous year.
MU's full-year Zacks Consensus Estimates are calling for earnings of -$1.51 per share and revenue of $21.58 billion. These results would represent year-over-year changes of +66.07% and +38.84%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Micron. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 19.08% higher. Micron presently features a Zacks Rank of #3 (Hold).
The Semiconductor Memory industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 90, placing it within the top 36% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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
Micron Technology, Inc. (MU) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Meanwhile, the latest consensus estimate predicts the revenue to be $4.6 billion, indicating a 12.6% increase compared to the same quarter of the previous year. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
|
In the latest trading session, Micron (MU) closed at $78.16, marking a +0.48% move from the previous day. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential. Click to get this free report Micron Technology, Inc. (MU) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
At present, this industry carries a Zacks Industry Rank of 90, placing it within the top 36% of over 250 industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Click to get this free report Micron Technology, Inc. (MU) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
In the latest trading session, Micron (MU) closed at $78.16, marking a +0.48% move from the previous day. 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?
|
6ccdaeca-42cb-458b-9541-840382b46737
|
712978.0
|
2023-12-12 00:00:00 UTC
|
PulteGroup (PHM) Stock Sinks As Market Gains: What You Should Know
|
DCOMP
|
https://www.nasdaq.com/articles/pultegroup-phm-stock-sinks-as-market-gains%3A-what-you-should-know-11
|
nan
|
nan
|
PulteGroup (PHM) closed at $95.99 in the latest trading session, marking a -0.06% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.46%. On the other hand, the Dow registered a gain of 0.48%, and the technology-centric Nasdaq increased by 0.7%.
Prior to today's trading, shares of the homebuilder had gained 17.08% over the past month. This has outpaced the Construction sector's gain of 11.16% and the S&P 500's gain of 4.85% in that time.
Market participants will be closely following the financial results of PulteGroup in its upcoming release. The company plans to announce its earnings on January 30, 2024. The company's earnings per share (EPS) are projected to be $3.20, reflecting a 11.85% decrease from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $4.48 billion, showing a 13.36% drop compared to the year-ago quarter.
PHM's full-year Zacks Consensus Estimates are calling for earnings of $11.52 per share and revenue of $16.25 billion. These results would represent year-over-year changes of +6.67% and +0.12%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for PulteGroup. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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 past month, the Zacks Consensus EPS estimate has moved 0.33% higher. PulteGroup currently has a Zacks Rank of #3 (Hold).
Investors should also note PulteGroup's current valuation metrics, including its Forward P/E ratio of 8.34. Its industry sports an average Forward P/E of 9.38, so one might conclude that PulteGroup is trading at a discount comparatively.
We can also see that PHM currently has a PEG ratio of 0.28. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Building Products - Home Builders industry had an average PEG ratio of 0.8 as trading concluded yesterday.
The Building Products - Home Builders industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 72, placing it within the top 29% of over 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.
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
PulteGroup, Inc. (PHM) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
|
Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits. Over the past month, the Zacks Consensus EPS estimate has moved 0.33% higher. The Building Products - Home Builders industry had an average PEG ratio of 0.8 as trading concluded yesterday.
|
At present, this industry carries a Zacks Industry Rank of 72, placing it within the top 29% of over 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. Click to get this free report PulteGroup, Inc. (PHM) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
PulteGroup (PHM) closed at $95.99 in the latest trading session, marking a -0.06% move from the prior day. At present, this industry carries a Zacks Industry Rank of 72, placing it within the top 29% of over 250 industries. Zacks Investment Research has just released an urgent special report to help you bank on this trend.
|
d4962b48-6844-4983-90c2-3958c5ac09af
|
712979.0
|
2023-12-12 00:00:00 UTC
|
M.D.C. Holdings, Inc. (MDC) Stock Sinks As Market Gains: What You Should Know
|
DCOMP
|
https://www.nasdaq.com/articles/m.d.c.-holdings-inc.-mdc-stock-sinks-as-market-gains%3A-what-you-should-know-0
|
nan
|
nan
|
M.D.C. Holdings, Inc. (MDC) closed at $48.98 in the latest trading session, marking a -0.71% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.46%. At the same time, the Dow added 0.48%, and the tech-heavy Nasdaq gained 0.7%.
Coming into today, shares of the company had gained 18.5% in the past month. In that same time, the Construction sector gained 11.16%, while the S&P 500 gained 4.85%.
Investors will be eagerly watching for the performance of M.D.C. Holdings, Inc. in its upcoming earnings disclosure. In that report, analysts expect M.D.C. Holdings, Inc. to post earnings of $1.44 per share. This would mark year-over-year growth of 33.33%. Simultaneously, our latest consensus estimate expects the revenue to be $1.29 billion, showing a 14.88% drop compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $5.18 per share and revenue of $4.59 billion, which would represent changes of -32.46% and -19.73%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for M.D.C. Holdings, Inc. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.22% higher. At present, M.D.C. Holdings, Inc. boasts a Zacks Rank of #3 (Hold).
In terms of valuation, M.D.C. Holdings, Inc. is presently being traded at a Forward P/E ratio of 9.53. This expresses a premium compared to the average Forward P/E of 9.38 of its industry.
The Building Products - Home Builders industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 72, which puts it in the top 29% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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.D.C. Holdings, Inc. (MDC) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Simultaneously, our latest consensus estimate expects the revenue to be $1.29 billion, showing a 14.88% drop compared to the year-ago quarter. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
|
Simultaneously, our latest consensus estimate expects the revenue to be $1.29 billion, showing a 14.88% drop compared to the year-ago quarter. Click to get this free report M.D.C. Holdings, Inc. (MDC) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
At present, M.D.C. Holdings, Inc. boasts a Zacks Rank of #3 (Hold). This industry currently has a Zacks Industry Rank of 72, which puts it in the top 29% 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.
|
M.D.C. Holdings, Inc. (MDC) closed at $48.98 in the latest trading session, marking a -0.71% move from the prior day. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Want the latest recommendations from Zacks Investment Research?
|
92044b00-5648-4295-9ad1-7c4d9a247756
|
712980.0
|
2023-12-12 00:00:00 UTC
|
McDonald's (MCD) Rises Higher Than Market: Key Facts
|
DCOMP
|
https://www.nasdaq.com/articles/mcdonalds-mcd-rises-higher-than-market%3A-key-facts
|
nan
|
nan
|
McDonald's (MCD) closed at $291.42 in the latest trading session, marking a +0.79% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 0.46%. Elsewhere, the Dow gained 0.48%, while the tech-heavy Nasdaq added 0.7%.
Shares of the world's biggest hamburger chain witnessed a gain of 7.41% over the previous month, beating the performance of the Retail-Wholesale sector with its gain of 4.47% and the S&P 500's gain of 4.85%.
The upcoming earnings release of McDonald's will be of great interest to investors. It is anticipated that the company will report an EPS of $2.81, marking an 8.49% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $6.48 billion, up 9.34% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $11.76 per share and a revenue of $25.55 billion, representing changes of +16.44% and +10.22%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for McDonald's. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.26% higher. McDonald's is currently a Zacks Rank #3 (Hold).
Investors should also note McDonald's's current valuation metrics, including its Forward P/E ratio of 24.58. This represents a premium compared to its industry's average Forward P/E of 21.45.
It is also worth noting that MCD currently has a PEG ratio of 2.7. 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. Retail - Restaurants stocks are, on average, holding a PEG ratio of 1.9 based on yesterday's closing prices.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 45, which puts it in the top 18% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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
McDonald's Corporation (MCD) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
|
McDonald's (MCD) closed at $291.42 in the latest trading session, marking a +0.79% move from the prior day. Retail - Restaurants stocks are, on average, holding a PEG ratio of 1.9 based on yesterday's closing prices. Click to get this free report McDonald's Corporation (MCD) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
This industry currently has a Zacks Industry Rank of 45, which puts it in the top 18% of all 250+ industries. The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Click to get this free report McDonald's Corporation (MCD) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
McDonald's (MCD) closed at $291.42 in the latest trading session, marking a +0.79% move from the prior day. McDonald's is currently a Zacks Rank #3 (Hold). Zacks Investment Research has just released an urgent special report to help you bank on this trend.
|
fdbb28e5-218d-421f-af42-f583ac45784c
|
712981.0
|
2023-12-12 00:00:00 UTC
|
ASML (ASML) Surpasses Market Returns: Some Facts Worth Knowing
|
DCOMP
|
https://www.nasdaq.com/articles/asml-asml-surpasses-market-returns%3A-some-facts-worth-knowing
|
nan
|
nan
|
ASML (ASML) ended the recent trading session at $720.56, demonstrating a +1.45% swing from the preceding day's closing price. This change outpaced the S&P 500's 0.46% gain on the day. At the same time, the Dow added 0.48%, and the tech-heavy Nasdaq gained 0.7%.
The the stock of equipment supplier to semiconductor makers has risen by 8.5% in the past month, leading the Computer and Technology sector's gain of 4.16% and the S&P 500's gain of 4.85%.
Analysts and investors alike will be keeping a close eye on the performance of ASML in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $5.10, marking an 8.51% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $7.34 billion, up 11.76% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $20.75 per share and revenue of $28.82 billion, indicating changes of +39.36% and +24.91%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for ASML. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.63% increase. Right now, ASML possesses a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that ASML has a Forward P/E ratio of 34.23 right now. Its industry sports an average Forward P/E of 23.68, so one might conclude that ASML is trading at a premium comparatively.
We can additionally observe that ASML currently boasts a PEG ratio of 1.36. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As of the close of trade yesterday, the Semiconductor Equipment - Wafer Fabrication industry held an average PEG ratio of 3.79.
The Semiconductor Equipment - Wafer Fabrication industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 90, positioning it in the top 36% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.
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
ASML Holding N.V. (ASML) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system. As of the close of trade yesterday, the Semiconductor Equipment - Wafer Fabrication industry held an average PEG ratio of 3.79. 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."
|
Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits. As of the close of trade yesterday, the Semiconductor Equipment - Wafer Fabrication industry held an average PEG ratio of 3.79. Click to get this free report ASML Holding N.V. (ASML) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Currently, this industry holds a Zacks Industry Rank of 90, positioning it in the top 36% of all 250+ industries. The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Click to get this free report ASML Holding N.V. (ASML) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
ASML (ASML) ended the recent trading session at $720.56, demonstrating a +1.45% swing from the preceding day's closing price. As of the close of trade yesterday, the Semiconductor Equipment - Wafer Fabrication industry held an average PEG ratio of 3.79. Want the latest recommendations from Zacks Investment Research?
|
699be6df-5f20-43f5-9a76-90085940b61e
|
712982.0
|
2023-12-12 00:00:00 UTC
|
Cash Dividend On The Way From Hecla Mining Series B Cumulative Convertible Preferred Stock
|
DCOMP
|
https://www.nasdaq.com/articles/cash-dividend-on-the-way-from-hecla-mining-series-b-cumulative-convertible-preferred-stock
|
nan
|
nan
|
On 12/14/23, Hecla Mining Co's $3.50 Series B Cumulative Convertible Preferred Stock (Symbol: HL.PRB) will trade ex-dividend, for its quarterly dividend of $0.875, payable on 1/2/24. As a percentage of HL.PRB's recent share price of $54.40, this dividend works out to approximately 1.61%, so look for shares of HL.PRB to trade 1.61% lower — all else being equal — when HL.PRB shares open for trading on 12/14/23. On an annualized basis, the current yield is approximately 6.43%, which compares to an average yield of 6.59% in the "Metals & Mining" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of HL.PRB shares, versus HL:
Below is a dividend history chart for HL.PRB, showing historical dividends prior to the most recent $0.875 on Hecla Mining Co's $3.50 Series B Cumulative Convertible Preferred Stock:
Free Report: Top 8%+ Dividends (paid monthly)
In Tuesday trading, Hecla Mining Co's $3.50 Series B Cumulative Convertible Preferred Stock (Symbol: HL.PRB) is currently trading flat on the day, while the common shares (Symbol: HL) are off about 4.3%.
Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »
Also see:
MPLX Average Annual Return
SMTX YTD Return
Top Ten Hedge Funds Holding COTY
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
On 12/14/23, Hecla Mining Co's $3.50 Series B Cumulative Convertible Preferred Stock (Symbol: HL.PRB) will trade ex-dividend, for its quarterly dividend of $0.875, payable on 1/2/24. The chart below shows the one year performance of HL.PRB shares, versus HL: Below is a dividend history chart for HL.PRB, showing historical dividends prior to the most recent $0.875 on Hecla Mining Co's $3.50 Series B Cumulative Convertible Preferred Stock: Free Report: Top 8%+ Dividends (paid monthly) In Tuesday trading, Hecla Mining Co's $3.50 Series B Cumulative Convertible Preferred Stock (Symbol: HL.PRB) is currently trading flat on the day, while the common shares (Symbol: HL) are off about 4.3%. dividend stocks also have preferred shares that should be on your radar screen » Also see: MPLX Average Annual Return SMTX YTD Return Top Ten Hedge Funds Holding COTY The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
On 12/14/23, Hecla Mining Co's $3.50 Series B Cumulative Convertible Preferred Stock (Symbol: HL.PRB) will trade ex-dividend, for its quarterly dividend of $0.875, payable on 1/2/24. The chart below shows the one year performance of HL.PRB shares, versus HL: Below is a dividend history chart for HL.PRB, showing historical dividends prior to the most recent $0.875 on Hecla Mining Co's $3.50 Series B Cumulative Convertible Preferred Stock: Free Report: Top 8%+ Dividends (paid monthly) In Tuesday trading, Hecla Mining Co's $3.50 Series B Cumulative Convertible Preferred Stock (Symbol: HL.PRB) is currently trading flat on the day, while the common shares (Symbol: HL) are off about 4.3%. dividend stocks also have preferred shares that should be on your radar screen » Also see: MPLX Average Annual Return SMTX YTD Return Top Ten Hedge Funds Holding COTY The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The chart below shows the one year performance of HL.PRB shares, versus HL: Below is a dividend history chart for HL.PRB, showing historical dividends prior to the most recent $0.875 on Hecla Mining Co's $3.50 Series B Cumulative Convertible Preferred Stock: Free Report: Top 8%+ Dividends (paid monthly) In Tuesday trading, Hecla Mining Co's $3.50 Series B Cumulative Convertible Preferred Stock (Symbol: HL.PRB) is currently trading flat on the day, while the common shares (Symbol: HL) are off about 4.3%. Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen » Also see: MPLX Average Annual Return SMTX YTD Return Top Ten Hedge Funds Holding COTY The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
On an annualized basis, the current yield is approximately 6.43%, which compares to an average yield of 6.59% in the "Metals & Mining" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of HL.PRB shares, versus HL: Below is a dividend history chart for HL.PRB, showing historical dividends prior to the most recent $0.875 on Hecla Mining Co's $3.50 Series B Cumulative Convertible Preferred Stock: Free Report: Top 8%+ Dividends (paid monthly) In Tuesday trading, Hecla Mining Co's $3.50 Series B Cumulative Convertible Preferred Stock (Symbol: HL.PRB) is currently trading flat on the day, while the common shares (Symbol: HL) are off about 4.3%. Click here to learn which S.A.F.E.
|
7b9c7504-7350-4d66-801e-d32ebcb2dacc
|
712983.0
|
2023-12-12 00:00:00 UTC
|
AECOM (ACM) Gives Long-Term Financial Goals, Retains FY24 View
|
DCOMP
|
https://www.nasdaq.com/articles/aecom-acm-gives-long-term-financial-goals-retains-fy24-view
|
nan
|
nan
|
AECOM ACM recently introduced a long-term financial framework, underpinned by solid organic growth, a commitment to expand margins, strong free cash flow and an impressive return-based capital allocation policy.
In the long run, ACM expects to generate 5-8% organic NSR growth annually. Also, it projects an adjusted operating margin of more than 17% or growth of 20-30 basis points on an annual basis. The company expects double-digit growth in adjusted earnings and free cash flow per share.
ACM anticipates more than 100% adjusted net income to free cash flow conversion and more than 25% return on invested capital. Also, it projects double-digit dividend growth in the long term.
Troy Rudd, AECOM’s chief executive officer, stated, “Our outperformance over the last three years is the result of the competitive advantage we have built through our Think and Act Globally strategy, which has enabled us to deliver industry-leading shareholder value creation.” He added, “The strength of our new long-term financial framework is a testament to our teams, the competitive advantages of our team and elevates our ambitions beyond our industry to put us on par with the highest-value, best-in-class Professional Services Consulting firms.”
The stock inched up 0.39% in the day trading session on Dec 11.
Impressive Higher-Margin, Lower-Risk Professional Services Firm
AECOM is a leading solution provider, offering professional, technical and management solutions for diverse industries across end-markets like transportation, facilities, government and environmental, energy and water. Demand for AECOM’s technical, advisory and program management capabilities is increasing on the back of an improving funding environment, highlighted by the recent passing of the federal infrastructure bill in the United States as well as rising demand for ESG-related services.
Image Source: Zacks Investment Research
In the past three months, shares of the company have risen 11% compared with the Zacks Engineering - R and D Services industry’s 2.5% growth.
AECOM’s fourth-quarter fiscal 2023 earnings increased 13.5% on a year-over-year basis. Revenues also improved 12% from the prior-year level. Adjusted net service revenues (NSR) — defined as revenues excluding subcontractor and other direct costs — moved up 8%. The design business contributed 90% to the total NSR and recorded year-over-year growth of 8%. Adjusted EBITDA also rose 10% year over year.
The total backlog came in at $41.17 billion at the end of fiscal fourth quarter compared with $40.18 billion in the prior-year period. The current backlog level includes 54.8% contracted backlog growth. A record-high 12.7% growth in the design business backlog (on a constant currency basis) reflects solid quarterly wins and a pipeline of opportunities.
The company expects to generate 8-10% organic NSR growth in fiscal 2024.
Zacks Rank & Other Key Picks
AECOM currently carries a Zacks Rank #2 (Buy).
A few other top-ranked stocks from the same industry have been discussed below.
Gates Industrial Corporation plc GTES manufactures engineered power transmission and fluid power solutions. GTES currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
GTES’ expected earnings growth rate for 2023 is 10.5%. The consensus mark for GTES’ 2023 earnings has moved north to $1.26 per share from $1.21 in the past 30 days.
M-tron Industries, Inc. MPTI currently sports a Zacks Rank #1. MPTI delivered a trailing four-quarter earnings surprise of 35.6%, on average.
The Zacks Consensus Estimate for MPTI’s 2023 sales and EPS indicates growth of 30.6% and 156.7%, respectively, from the previous year's level.
Willdan Group, Inc. WLDN is a nationwide provider of professional, technical and consulting services to utilities, government agencies and private industry.
WLDN presently sports a Zacks Rank #1. Its expected earnings growth rate for 2023 is 50%.
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
Willdan Group, Inc. (WLDN) : Free Stock Analysis Report
Gates Industrial Corporation PLC (GTES) : 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.
|
AECOM ACM recently introduced a long-term financial framework, underpinned by solid organic growth, a commitment to expand margins, strong free cash flow and an impressive return-based capital allocation policy. Troy Rudd, AECOM’s chief executive officer, stated, “Our outperformance over the last three years is the result of the competitive advantage we have built through our Think and Act Globally strategy, which has enabled us to deliver industry-leading shareholder value creation.” He added, “The strength of our new long-term financial framework is a testament to our teams, the competitive advantages of our team and elevates our ambitions beyond our industry to put us on par with the highest-value, best-in-class Professional Services Consulting firms.” Willdan Group, Inc. WLDN is a nationwide provider of professional, technical and consulting services to utilities, government agencies and private industry.
|
The company expects double-digit growth in adjusted earnings and free cash flow per share. Impressive Higher-Margin, Lower-Risk Professional Services Firm AECOM is a leading solution provider, offering professional, technical and management solutions for diverse industries across end-markets like transportation, facilities, government and environmental, energy and water. Click to get this free report AECOM (ACM) : Free Stock Analysis Report Willdan Group, Inc. (WLDN) : Free Stock Analysis Report Gates Industrial Corporation PLC (GTES) : Free Stock Analysis Report M-tron Industries, Inc. (MPTI) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
The company expects double-digit growth in adjusted earnings and free cash flow per share. Image Source: Zacks Investment Research In the past three months, shares of the company have risen 11% compared with the Zacks Engineering - R and D Services industry’s 2.5% growth. Click to get this free report AECOM (ACM) : Free Stock Analysis Report Willdan Group, Inc. (WLDN) : Free Stock Analysis Report Gates Industrial Corporation PLC (GTES) : Free Stock Analysis Report M-tron Industries, Inc. (MPTI) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
The company expects double-digit growth in adjusted earnings and free cash flow per share. AECOM’s fourth-quarter fiscal 2023 earnings increased 13.5% on a year-over-year basis. Click to get this free report AECOM (ACM) : Free Stock Analysis Report Willdan Group, Inc. (WLDN) : Free Stock Analysis Report Gates Industrial Corporation PLC (GTES) : Free Stock Analysis Report M-tron Industries, Inc. (MPTI) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
caea8812-ce7b-441e-8c40-f85125dc61bb
|
712984.0
|
2023-12-12 00:00:00 UTC
|
Noteworthy Tuesday Option Activity: DAL, CRC, NUVL
|
DCOMP
|
https://www.nasdaq.com/articles/noteworthy-tuesday-option-activity%3A-dal-crc-nuvl
|
nan
|
nan
|
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Delta Air Lines Inc (Symbol: DAL), where a total of 42,941 contracts have traded so far, representing approximately 4.3 million underlying shares. That amounts to about 47.3% of DAL's average daily trading volume over the past month of 9.1 million shares. Especially high volume was seen for the $45 strike call option expiring January 19, 2024, with 2,603 contracts trading so far today, representing approximately 260,300 underlying shares of DAL. Below is a chart showing DAL's trailing twelve month trading history, with the $45 strike highlighted in orange:
California Resources Corp (Symbol: CRC) saw options trading volume of 2,170 contracts, representing approximately 217,000 underlying shares or approximately 47.1% of CRC's average daily trading volume over the past month, of 460,790 shares. Particularly high volume was seen for the $35 strike put option expiring December 20, 2024, with 827 contracts trading so far today, representing approximately 82,700 underlying shares of CRC. Below is a chart showing CRC's trailing twelve month trading history, with the $35 strike highlighted in orange:
And Nuvalent Inc (Symbol: NUVL) saw options trading volume of 2,058 contracts, representing approximately 205,800 underlying shares or approximately 47% of NUVL's average daily trading volume over the past month, of 437,580 shares. Particularly high volume was seen for the $95 strike call option expiring April 19, 2024, with 2,002 contracts trading so far today, representing approximately 200,200 underlying shares of NUVL. Below is a chart showing NUVL's trailing twelve month trading history, with the $95 strike highlighted in orange:
For the various different available expirations for DAL options, CRC options, or NUVL options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
CHKM Videos
NOVT shares outstanding history
BFH Videos
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Especially high volume was seen for the $45 strike call option expiring January 19, 2024, with 2,603 contracts trading so far today, representing approximately 260,300 underlying shares of DAL. Particularly high volume was seen for the $35 strike put option expiring December 20, 2024, with 827 contracts trading so far today, representing approximately 82,700 underlying shares of CRC. Particularly high volume was seen for the $95 strike call option expiring April 19, 2024, with 2,002 contracts trading so far today, representing approximately 200,200 underlying shares of NUVL.
|
Below is a chart showing DAL's trailing twelve month trading history, with the $45 strike highlighted in orange: California Resources Corp (Symbol: CRC) saw options trading volume of 2,170 contracts, representing approximately 217,000 underlying shares or approximately 47.1% of CRC's average daily trading volume over the past month, of 460,790 shares. Below is a chart showing CRC's trailing twelve month trading history, with the $35 strike highlighted in orange: And Nuvalent Inc (Symbol: NUVL) saw options trading volume of 2,058 contracts, representing approximately 205,800 underlying shares or approximately 47% of NUVL's average daily trading volume over the past month, of 437,580 shares. Below is a chart showing NUVL's trailing twelve month trading history, with the $95 strike highlighted in orange: For the various different available expirations for DAL options, CRC options, or NUVL options, visit StockOptionsChannel.com.
|
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Delta Air Lines Inc (Symbol: DAL), where a total of 42,941 contracts have traded so far, representing approximately 4.3 million underlying shares. Below is a chart showing DAL's trailing twelve month trading history, with the $45 strike highlighted in orange: California Resources Corp (Symbol: CRC) saw options trading volume of 2,170 contracts, representing approximately 217,000 underlying shares or approximately 47.1% of CRC's average daily trading volume over the past month, of 460,790 shares. Below is a chart showing CRC's trailing twelve month trading history, with the $35 strike highlighted in orange: And Nuvalent Inc (Symbol: NUVL) saw options trading volume of 2,058 contracts, representing approximately 205,800 underlying shares or approximately 47% of NUVL's average daily trading volume over the past month, of 437,580 shares.
|
That amounts to about 47.3% of DAL's average daily trading volume over the past month of 9.1 million shares. Particularly high volume was seen for the $35 strike put option expiring December 20, 2024, with 827 contracts trading so far today, representing approximately 82,700 underlying shares of CRC. Particularly high volume was seen for the $95 strike call option expiring April 19, 2024, with 2,002 contracts trading so far today, representing approximately 200,200 underlying shares of NUVL.
|
752a4f05-c8e8-4d44-986a-600a23035dd7
|
712985.0
|
2023-12-12 00:00:00 UTC
|
EXPLAINER-Epic Games verdict adds to Google’s global antitrust woes
|
DCOMP
|
https://www.nasdaq.com/articles/explainer-epic-games-verdict-adds-to-googles-global-antitrust-woes
|
nan
|
nan
|
By Mike Scarcella
Dec 12 (Reuters) - “Fortnite” maker Epic Games won a major antitrust trial against Alphabet’s Google GOOGL.O in San Francisco, persuading a federal jury on Monday that some of the technology giant’s rules for its app Play store violated U.S. competition law.
Here’s a look at what’s next in the case, and other major antitrust headaches facing Google.
WHAT WAS THE VERDICT?
The jury said, after just three hours of deliberations, that Google’s tight controls on its Play store amounted to an illegal monopoly over both app distribution to Android users and in-app payment processing. Epic did not ask the court for monetary damages.
A judge had ruled earlier that Google improperly deleted internal online “chat” logs relevant to Epic's claims. The jury was told that the evidence would have been unfavorable to Google.
WHAT COMES NEXT?
U.S. District Judge James Donato in January will hear dueling arguments on Epic’s request for a court order to rewrite how Google operates the Play store. Google could object that whatever changes Epic proposes are too sweeping.
Google said it will appeal the jury’s verdict. It could also appeal Donato's eventual decision on Epic's requested remedies, potentially teeing up years of additional litigation.
WHAT ABOUT EPIC’S CASE AGAINST APPLE?
Google’s appeal will land in the San Francisco-based 9th U.S. Circuit Court of Appeals — the same court that heard Epic's separate 2020 antitrust case against AppleAAPL.0 over its App Store rules.
The appeals court in April largely ruled for Apple, upholding a 2021 decision by U.S. District Judge Yvonne Gonzalez Rogers that said Apple’s app rules did not violate antitrust law.
Legal scholars noted that the facts of the two cases were distinct, and said a key difference was that the case against Apple was decided by the judge directly, with no jury.
WHAT OTHER ANTITRUST CASES IS GOOGLE FIGHTING?
Google faces an array of private civil antitrust lawsuits from U.S. advertisers and publishers, in addition to U.S. government claims challenging its search and advertising technology practices.
In the E.U., Google is trying to overturn a $2.6 billion antitrust fine imposed by the top court for alleged market abuses related to its shopping service.
The verdict in Epic Games’ case does not directly affect those other cases, but it could spur other potential plaintiffs such as businesses and app developers to band together in a class action, antitrust lawyers said.
Google likely faces a jury trial next year in Virginia in a case brought by the U.S. Justice Department and a group of states over its dominance in digital advertising. Google has denied any wrongdoing.
Epic Games wins antitrust case against Google over Play app store
Google and Epic Games face off at trial over Play Store rules
Epic Games asks US Supreme Court to review Apple antitrust case
Apple asks US Supreme Court to strike down Epic Games order
(Reporting by Mike Scarcella Editing by David Bario and Nick Zieminski)
((Mike.Scarcella@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
By Mike Scarcella Dec 12 (Reuters) - “Fortnite” maker Epic Games won a major antitrust trial against Alphabet’s Google GOOGL.O in San Francisco, persuading a federal jury on Monday that some of the technology giant’s rules for its app Play store violated U.S. competition law. The jury said, after just three hours of deliberations, that Google’s tight controls on its Play store amounted to an illegal monopoly over both app distribution to Android users and in-app payment processing. U.S. District Judge James Donato in January will hear dueling arguments on Epic’s request for a court order to rewrite how Google operates the Play store.
|
It could also appeal Donato's eventual decision on Epic's requested remedies, potentially teeing up years of additional litigation. Circuit Court of Appeals — the same court that heard Epic's separate 2020 antitrust case against AppleAAPL.0 over its App Store rules. Epic Games wins antitrust case against Google over Play app store Google and Epic Games face off at trial over Play Store rules Epic Games asks US Supreme Court to review Apple antitrust case Apple asks US Supreme Court to strike down Epic Games order (Reporting by Mike Scarcella Editing by David Bario and Nick Zieminski) ((Mike.Scarcella@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
By Mike Scarcella Dec 12 (Reuters) - “Fortnite” maker Epic Games won a major antitrust trial against Alphabet’s Google GOOGL.O in San Francisco, persuading a federal jury on Monday that some of the technology giant’s rules for its app Play store violated U.S. competition law. Circuit Court of Appeals — the same court that heard Epic's separate 2020 antitrust case against AppleAAPL.0 over its App Store rules. Epic Games wins antitrust case against Google over Play app store Google and Epic Games face off at trial over Play Store rules Epic Games asks US Supreme Court to review Apple antitrust case Apple asks US Supreme Court to strike down Epic Games order (Reporting by Mike Scarcella Editing by David Bario and Nick Zieminski) ((Mike.Scarcella@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Google said it will appeal the jury’s verdict. Circuit Court of Appeals — the same court that heard Epic's separate 2020 antitrust case against AppleAAPL.0 over its App Store rules. The appeals court in April largely ruled for Apple, upholding a 2021 decision by U.S. District Judge Yvonne Gonzalez Rogers that said Apple’s app rules did not violate antitrust law.
|
31919117-74f8-4e48-a794-c46ecf47ae90
|
712986.0
|
2023-12-12 00:00:00 UTC
|
Vontier Corporation Shares Approach 52-Week High - Market Mover
|
DCOMP
|
https://www.nasdaq.com/articles/vontier-corporation-shares-approach-52-week-high-market-mover-0
|
nan
|
nan
|
Vontier Corporation (VNT) shares closed today at 1.2% below its 52 week high of $35.33, giving the company a market cap of $5B. The stock is currently up 82.7% year-to-date, up 78.4% over the past 12 months, and up 3.5% 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 22.4% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.1.
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 a downward 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
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 84.9%
The company's stock price performance over the past 12 months beats the peer average by 99.5%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -44.9% lower 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.
|
Vontier Corporation (VNT) shares closed today at 1.2% below its 52 week high of $35.33, giving the company a market cap of $5B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.1. 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 Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 84.9% The company's stock price performance over the past 12 months beats the peer average by 99.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -44.9% lower than the average peer.
|
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 Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 84.9% The company's stock price performance over the past 12 months beats the peer average by 99.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -44.9% lower than the average peer.
|
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 Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 84.9% The company's stock price performance over the past 12 months beats the peer average by 99.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -44.9% lower 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.
|
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 Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 84.9% The company's stock price performance over the past 12 months beats the peer average by 99.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -44.9% lower than the average peer.
|
243a077b-49a8-4042-b388-d60fcb3f4adb
|
712987.0
|
2023-12-12 00:00:00 UTC
|
Tuesday Sector Leaders: Healthcare, Industrial
|
DCOMP
|
https://www.nasdaq.com/articles/tuesday-sector-leaders%3A-healthcare-industrial
|
nan
|
nan
|
Looking at the sectors faring best as of midday Tuesday, shares of Healthcare companies are outperforming other sectors, higher by 0.7%. Within that group, Incyte Corporation (Symbol: INCY) and Edwards Lifesciences Corp (Symbol: EW) are two of the day's stand-outs, showing a gain of 9.1% and 2.7%, respectively. Among healthcare ETFs, one ETF following the sector is the Health Care Select Sector SPDR ETF (Symbol: XLV), which is up 0.4% on the day, and down 0.34% year-to-date. Incyte Corporation, meanwhile, is down 21.80% year-to-date, and Edwards Lifesciences Corp, is down 2.80% year-to-date. Combined, INCY and EW make up approximately 1.1% of the underlying holdings of XLV.
The next best performing sector is the Industrial sector, up 0.6%. Among large Industrial stocks, Alaska Air Group, Inc. (Symbol: ALK) and Southwest Airlines Co (Symbol: LUV) are the most notable, showing a gain of 5.4% and 3.6%, respectively. One ETF closely tracking Industrial stocks is the Industrial Select Sector SPDR ETF (XLI), which is up 0.5% in midday trading, and up 13.53% on a year-to-date basis. Alaska Air Group, Inc., meanwhile, is down 10.65% year-to-date, and Southwest Airlines Co, is down 4.55% year-to-date. Combined, ALK and LUV make up approximately 0.7% of the underlying holdings of XLI.
Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom:
Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Tuesday. As you can see, four sectors are up on the day, while four sectors are down.
SECTOR % CHANGE
Healthcare +0.7%
Industrial +0.6%
Financial +0.3%
Technology & Communications +0.2%
Consumer Products -0.0%
Services -0.2%
Utilities -0.3%
Materials -0.4%
Energy -1.7%
10 ETFs With Stocks That Insiders Are Buying »
Also see:
FRA Historical Stock Prices
ANCX Price Target
PepsiCo MACD
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Combined, ALK and LUV make up approximately 0.7% of the underlying holdings of XLI. Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom: Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Tuesday. Healthcare +0.7% Industrial +0.6% Financial +0.3% Technology & Communications +0.2% Consumer Products -0.0% Services -0.2% Utilities -0.3% Materials -0.4% Energy -1.7% 10 ETFs With Stocks That Insiders Are Buying » Also see: FRA Historical Stock Prices ANCX Price Target PepsiCo MACD The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Within that group, Incyte Corporation (Symbol: INCY) and Edwards Lifesciences Corp (Symbol: EW) are two of the day's stand-outs, showing a gain of 9.1% and 2.7%, respectively. Among large Industrial stocks, Alaska Air Group, Inc. (Symbol: ALK) and Southwest Airlines Co (Symbol: LUV) are the most notable, showing a gain of 5.4% and 3.6%, respectively. One ETF closely tracking Industrial stocks is the Industrial Select Sector SPDR ETF (XLI), which is up 0.5% in midday trading, and up 13.53% on a year-to-date basis.
|
Among healthcare ETFs, one ETF following the sector is the Health Care Select Sector SPDR ETF (Symbol: XLV), which is up 0.4% on the day, and down 0.34% year-to-date. One ETF closely tracking Industrial stocks is the Industrial Select Sector SPDR ETF (XLI), which is up 0.5% in midday trading, and up 13.53% on a year-to-date basis. Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom: Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Tuesday.
|
Within that group, Incyte Corporation (Symbol: INCY) and Edwards Lifesciences Corp (Symbol: EW) are two of the day's stand-outs, showing a gain of 9.1% and 2.7%, respectively. Among healthcare ETFs, one ETF following the sector is the Health Care Select Sector SPDR ETF (Symbol: XLV), which is up 0.4% on the day, and down 0.34% year-to-date. Among large Industrial stocks, Alaska Air Group, Inc. (Symbol: ALK) and Southwest Airlines Co (Symbol: LUV) are the most notable, showing a gain of 5.4% and 3.6%, respectively.
|
14fbb5e0-436a-4f34-a3c4-ccfe92a2f096
|
712988.0
|
2023-12-12 00:00:00 UTC
|
Bears Bet Against EV Manufacturer Nio (NIO) But Could It Backfire?
|
DCOMP
|
https://www.nasdaq.com/articles/bears-bet-against-ev-manufacturer-nio-nio-but-could-it-backfire
|
nan
|
nan
|
Ranking among the stars of the equities market during the post-pandemic surge, Chinese electric vehicle manufacturer Nio (NIO) looks set to print a sizable loss this year. Down more than 20% since the January opener, NIO stock happened to suffer a 50% haircut since the close of the Aug. 3 session.
Not necessarily helping to comprehensively assuage concerns was the company’s third-quarter earnings print. To be sure, Nio rang up sales of $2.6 billion, representing a 47% year-over-year lift. Also, deliveries jumped 75% YOY and gained 136% against the prior quarter sequentially. That was huge because deliveries had started to fade in recent quarters.
Still, the vehicle margin of 11% – while improved from 6% in Q2 – was down from 16.4% in the year-ago quarter. Further, gross margin sat at 8% in the most recent quarter, down conspicuously from the 13.3% recorded in Q3 2022. Fundamentally, these metrics suggest that wider economic pressures, along with the EV sector price war, have taken their toll on Nio.
Indeed, the Barchart Technical Opinion indicator rates NIO stock a 72% strong sell. And while the analyst consensus view comes in as a moderate buy, the assessment itself is rather split: four strong buys, one moderate buy and six holds. A couple more pensive ratings and NIO won’t look that appealing from an expert standpoint.
Still, it’s difficult to discount the EV manufacturer given its popularity among retail investors. Based on public forums, NIO stock remains one of the most heavily discussed ideas. Interestingly, on Monday, shares gained slightly over 4%. While it’s too early to call, we might be looking at a near-term speculative rally.
Contrarian Bulls Look to Penalize NIO Stock Pessimists
Curiously, when looking at Barchart’s screener for unusual stock options volume, NIO stock represented one of Monday’s highlights – that is, for generating overall volume lower than normal. However, this stat alone obscures the fact that there are individual contracts within the NIO options chain worth watching closely.
One in particular stands out, the Feb 16 ’24 8.00 Call. On Dec. 7, Fintel’s options flow data – which exclusively filters for big block transactions likely made by institutions – showed a heavy concentration of sold (written) contracts of this call option. At the end of that session, volume totaled 11,017 contracts, a hefty wager.
For those unfamiliar with the lexicon, at face value (assuming no integration of complex multi-tiered strategies), traders placing this bet are assuming that by the expiration date of Feb. 16 of next year, NIO stock will not materially rise above the $8 strike price. If NIO fails to exceed this level, then the call seller (writer) will collect maximum premium, which in total amounted to $128,000.
On the other side of the transaction, those who believe that NIO stock can hit $8 before expiration collectively paid the $128,000 premium. It’s a test of will and conviction. However, for the risk underwriter, an added concern exists about covering the bearish bet. If the position is naked – that is, the call writer wrote the calls without owning the underlying security – it exposes the bear to unlimited liability.
Understanding this, NIO stock pessimists who underwrote the risk will be sweating until the February expiration date. In fact, the delta of the target call option sat at 48% on Dec. 7, then slipped to 45.8% the next day. That’s good for the call writer as it indicates that the underlying stock is moving away from the strike price.
However, with the big move up on Monday, delta for the call jumped to 51%. That’s great news for call holders but not so much for call writers. To add another wrinkle to the narrative, open interest for this option now stands at 26,126 contracts, leaving a huge vulnerability for pessimists if NIO stock soars past $8.
A Warning Sign Against Excessive Bearish Speculation
Truth be told, I’m neutral on NIO stock over the intermediate to long term. While the company brings many positives to the table, including leadership in EV technology and a focus on the user experience, the upstart also suffers from fierce competition. And that competition will almost certainly apply pressure to the margins, which already is a questionable topic.
However, I simultaneously lack the conviction to place excessively bearish wagers against NIO stock. For anyone who happens to be bearish on the Chinese EV maker, it’s more sensible to purchase put options. With buying options, your risk is limited only to what you put into the derivatives.
Selling options, especially selling call options, opens a can of worms. These folks are obligated to fulfill the terms of the contract upon exercise. For call writers, that means selling the underlying security at the listed strike price. However, if you don’t own the security in question, you may find yourself forced to buy back the stock at increasingly higher prices, only to sell shares at the (lower) strike price.
What’s worse, savvy contrarians may be aware of your bearish bets through data points like options flow. Therefore, NIO stock could be interesting for bullish speculators until Feb. 16.
More Stock Market News from Barchart
Stocks Climb as Strength in Chip Stocks Leads the Broader Market Higher
This Inflation Hedge Is Now a Top AI Stock Pick
After Tripling in 2023, Is This Hot Penny Stock Still a Buy?
Are These the 2 Best Dow Stocks to Buy Now?
On the date of publication, Josh Enomoto did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
To add another wrinkle to the narrative, open interest for this option now stands at 26,126 contracts, leaving a huge vulnerability for pessimists if NIO stock soars past $8. A Warning Sign Against Excessive Bearish Speculation Truth be told, I’m neutral on NIO stock over the intermediate to long term. While the company brings many positives to the table, including leadership in EV technology and a focus on the user experience, the upstart also suffers from fierce competition.
|
Contrarian Bulls Look to Penalize NIO Stock Pessimists Curiously, when looking at Barchart’s screener for unusual stock options volume, NIO stock represented one of Monday’s highlights – that is, for generating overall volume lower than normal. However, I simultaneously lack the conviction to place excessively bearish wagers against NIO stock. Selling options, especially selling call options, opens a can of worms.
|
Contrarian Bulls Look to Penalize NIO Stock Pessimists Curiously, when looking at Barchart’s screener for unusual stock options volume, NIO stock represented one of Monday’s highlights – that is, for generating overall volume lower than normal. To add another wrinkle to the narrative, open interest for this option now stands at 26,126 contracts, leaving a huge vulnerability for pessimists if NIO stock soars past $8. More Stock Market News from Barchart Stocks Climb as Strength in Chip Stocks Leads the Broader Market Higher This Inflation Hedge Is Now a Top AI Stock Pick After Tripling in 2023, Is This Hot Penny Stock Still a Buy?
|
Indeed, the Barchart Technical Opinion indicator rates NIO stock a 72% strong sell. Selling options, especially selling call options, opens a can of worms. However, if you don’t own the security in question, you may find yourself forced to buy back the stock at increasingly higher prices, only to sell shares at the (lower) strike price.
|
2f9ceb8a-5350-42f1-a75a-34b6380689b9
|
712989.0
|
2023-12-12 00:00:00 UTC
|
Why Oracle Stock Is Plummeting Today
|
DCOMP
|
https://www.nasdaq.com/articles/why-oracle-stock-is-plummeting-today
|
nan
|
nan
|
Oracle (NYSE: ORCL) stock is seeing big sell-offs in Tuesday's trading. The company's share price was down 12% as of 2:15 p.m. ET, according to data from S&P Global Market Intelligence.
Oracle published mixed results for the second quarter of its current fiscal year, which ended Nov. 30, after the market closed yesterday. The company posted non-GAAP (adjusted) earnings per share of $1.34 on revenue of $12.94 billion. While the company's profit beat the average analyst estimate's call for per-share earnings of $1.33, sales in the period missed Wall Street's target by $110 million.
Wall Street doesn't like what it sees
Oracle's revenue climbed roughly 5% year over year in the second quarter of the current fiscal year, and adjusted earnings per share rose roughly 11%. While the company's top- and bottom-line growth look solid enough at first glance, a closer look at the performance suggests that the tech giant isn't keeping pace in key categories.
Oracle's cloud services and license support revenue rose just 12% year over year in the quarter to reach $9.6 billion. This level of growth lags significantly behind what top cloud players including Amazon, Microsoft, and Alphabet are posting. Right now, Wall Street is worried that Oracle will not be able to catch up.
On the other hand, Oracle management says that demand for cloud infrastructure and generative services is growing at an impressive rate and this tailwind will boost sales further down the line. Remaining performance obligations, a metric that tracks services that have been contracted for but not yet delivered and realized as revenue, stood at more than $65 billion at the end of the quarter. Excluding its Cerner healthcare division, remaining performance obligations were up 11% on an annual basis.
What comes next for Oracle?
Oracle expects its revenue to grow between 6% and 8% in its fiscal third quarter. Excluding contributions from the Cerner healthcare division, revenue is projected to grow between 8% and 10%. Meanwhile, cloud-based revenue is projected to grow between 26% and 28% year over year, excluding the Cerner division. Overall adjusted earnings per share are projected to come in between $1.35 and $1.39 in the period, suggesting annual growth of roughly 13% at the midpoint of the target.
ORCL PE Ratio (Forward) data by YCharts
Even with a substantial valuation pullback today, Oracle stock is still up roughly 24% year to date. The stock is currently trading at roughly 18 times this year's expected earnings and about 16 times next year's expected profits.
Should you invest $1,000 in Oracle right now?
Before you buy stock in Oracle, 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 Oracle wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 11, 2023
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Amazon, Microsoft, and Oracle. 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.
|
While the company's profit beat the average analyst estimate's call for per-share earnings of $1.33, sales in the period missed Wall Street's target by $110 million. While the company's top- and bottom-line growth look solid enough at first glance, a closer look at the performance suggests that the tech giant isn't keeping pace in key categories. ORCL PE Ratio (Forward) data by YCharts Even with a substantial valuation pullback today, Oracle stock is still up roughly 24% year to date.
|
Wall Street doesn't like what it sees Oracle's revenue climbed roughly 5% year over year in the second quarter of the current fiscal year, and adjusted earnings per share rose roughly 11%. Excluding its Cerner healthcare division, remaining performance obligations were up 11% on an annual basis. The stock is currently trading at roughly 18 times this year's expected earnings and about 16 times next year's expected profits.
|
Wall Street doesn't like what it sees Oracle's revenue climbed roughly 5% year over year in the second quarter of the current fiscal year, and adjusted earnings per share rose roughly 11%. Oracle's cloud services and license support revenue rose just 12% year over year in the quarter to reach $9.6 billion. Before you buy stock in Oracle, 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 Oracle wasn't one of them.
|
Wall Street doesn't like what it sees Oracle's revenue climbed roughly 5% year over year in the second quarter of the current fiscal year, and adjusted earnings per share rose roughly 11%. What comes next for Oracle? The Motley Fool has positions in and recommends Alphabet, Amazon, Microsoft, and Oracle.
|
f5fad1fc-f5be-431e-bb1f-089d02a54c6c
|
712990.0
|
2023-12-12 00:00:00 UTC
|
Public Storage's Preferred Series I Shares Cross 5.5% Yield Mark
|
DCOMP
|
https://www.nasdaq.com/articles/public-storages-preferred-series-i-shares-cross-5.5-yield-mark
|
nan
|
nan
|
In trading on Tuesday, shares of Public Storage's 4.875% Cumulative Preferred Share of Beneficial Interest, Series I (Symbol: PSA.PRI) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.2188), with shares changing hands as low as $21.95 on the day. This compares to an average yield of 8.17% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, PSA.PRI was trading at a 10.56% discount to its liquidation preference amount, versus the average discount of 16.23% in the "Real Estate" category.
The chart below shows the one year performance of PSA.PRI shares, versus PSA:
Below is a dividend history chart for PSA.PRI, showing historical dividend payments on Public Storage's 4.875% Cumulative Preferred Share of Beneficial Interest, Series I:
Free Report: Top 8%+ Dividends (paid monthly)
In Tuesday trading, Public Storage's 4.875% Cumulative Preferred Share of Beneficial Interest, Series I (Symbol: PSA.PRI) is currently up about 0.2% on the day, while the common shares (Symbol: PSA) are off about 0.3%.
Also see:
Dividend Growth Stocks
Funds Holding CBK
RMGN YTD Return
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In trading on Tuesday, shares of Public Storage's 4.875% Cumulative Preferred Share of Beneficial Interest, Series I (Symbol: PSA.PRI) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.2188), with shares changing hands as low as $21.95 on the day. The chart below shows the one year performance of PSA.PRI shares, versus PSA: Below is a dividend history chart for PSA.PRI, showing historical dividend payments on Public Storage's 4.875% Cumulative Preferred Share of Beneficial Interest, Series I: Free Report: Top 8%+ Dividends (paid monthly) In Tuesday trading, Public Storage's 4.875% Cumulative Preferred Share of Beneficial Interest, Series I (Symbol: PSA.PRI) is currently up about 0.2% on the day, while the common shares (Symbol: PSA) are off about 0.3%. Also see: Dividend Growth Stocks Funds Holding CBK RMGN YTD Return The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In trading on Tuesday, shares of Public Storage's 4.875% Cumulative Preferred Share of Beneficial Interest, Series I (Symbol: PSA.PRI) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.2188), with shares changing hands as low as $21.95 on the day. This compares to an average yield of 8.17% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of PSA.PRI shares, versus PSA: Below is a dividend history chart for PSA.PRI, showing historical dividend payments on Public Storage's 4.875% Cumulative Preferred Share of Beneficial Interest, Series I: Free Report: Top 8%+ Dividends (paid monthly) In Tuesday trading, Public Storage's 4.875% Cumulative Preferred Share of Beneficial Interest, Series I (Symbol: PSA.PRI) is currently up about 0.2% on the day, while the common shares (Symbol: PSA) are off about 0.3%.
|
In trading on Tuesday, shares of Public Storage's 4.875% Cumulative Preferred Share of Beneficial Interest, Series I (Symbol: PSA.PRI) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.2188), with shares changing hands as low as $21.95 on the day. This compares to an average yield of 8.17% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of PSA.PRI shares, versus PSA: Below is a dividend history chart for PSA.PRI, showing historical dividend payments on Public Storage's 4.875% Cumulative Preferred Share of Beneficial Interest, Series I: Free Report: Top 8%+ Dividends (paid monthly) In Tuesday trading, Public Storage's 4.875% Cumulative Preferred Share of Beneficial Interest, Series I (Symbol: PSA.PRI) is currently up about 0.2% on the day, while the common shares (Symbol: PSA) are off about 0.3%.
|
In trading on Tuesday, shares of Public Storage's 4.875% Cumulative Preferred Share of Beneficial Interest, Series I (Symbol: PSA.PRI) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.2188), with shares changing hands as low as $21.95 on the day. This compares to an average yield of 8.17% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, PSA.PRI was trading at a 10.56% discount to its liquidation preference amount, versus the average discount of 16.23% in the "Real Estate" category.
|
5ef21820-e859-4856-98a5-4fa94e980b54
|
712991.0
|
2023-12-12 00:00:00 UTC
|
Tuesday Sector Laggards: Energy, Materials
|
DCOMP
|
https://www.nasdaq.com/articles/tuesday-sector-laggards%3A-energy-materials-6
|
nan
|
nan
|
In afternoon trading on Tuesday, Energy stocks are the worst performing sector, showing a 1.7% loss. Within that group, Marathon Oil Corp. (Symbol: MRO) and Occidental Petroleum Corp (Symbol: OXY) are two of the day's laggards, showing a loss of 3.7% and 3.4%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is down 1.6% on the day, and down 1.46% year-to-date. Marathon Oil Corp., meanwhile, is down 8.08% year-to-date, and Occidental Petroleum Corp, is down 8.50% year-to-date. Combined, MRO and OXY make up approximately 4.0% of the underlying holdings of XLE.
The next worst performing sector is the Materials sector, showing a 0.4% loss. Among large Materials stocks, Newmont Corp (Symbol: NEM) and Mosaic Co (Symbol: MOS) are the most notable, showing a loss of 2.9% and 2.3%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is up 0.5% in midday trading, and up 8.32% on a year-to-date basis. Newmont Corp, meanwhile, is down 20.64% year-to-date, and Mosaic Co, is down 15.28% year-to-date. Combined, NEM and MOS make up approximately 6.0% of the underlying holdings of XLB.
Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom:
Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Tuesday. As you can see, four sectors are up on the day, while four sectors are down.
SECTOR % CHANGE
Healthcare +0.7%
Industrial +0.6%
Financial +0.3%
Technology & Communications +0.2%
Consumer Products -0.0%
Services -0.2%
Utilities -0.3%
Materials -0.4%
Energy -1.7%
25 Dividend Giants Widely Held By ETFs »
Also see:
BankInvestor
Institutional Holders of TCCO
Top Ten Hedge Funds Holding SOLN
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In afternoon trading on Tuesday, Energy stocks are the worst performing sector, showing a 1.7% loss. Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom: Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Tuesday. Healthcare +0.7% Industrial +0.6% Financial +0.3% Technology & Communications +0.2% Consumer Products -0.0% Services -0.2% Utilities -0.3% Materials -0.4% Energy -1.7% 25 Dividend Giants Widely Held By ETFs » Also see: BankInvestor Institutional Holders of TCCO Top Ten Hedge Funds Holding SOLN The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Within that group, Marathon Oil Corp. (Symbol: MRO) and Occidental Petroleum Corp (Symbol: OXY) are two of the day's laggards, showing a loss of 3.7% and 3.4%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is down 1.6% on the day, and down 1.46% year-to-date. Among large Materials stocks, Newmont Corp (Symbol: NEM) and Mosaic Co (Symbol: MOS) are the most notable, showing a loss of 2.9% and 2.3%, respectively.
|
Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is down 1.6% on the day, and down 1.46% year-to-date. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is up 0.5% in midday trading, and up 8.32% on a year-to-date basis. Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom: Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Tuesday.
|
Within that group, Marathon Oil Corp. (Symbol: MRO) and Occidental Petroleum Corp (Symbol: OXY) are two of the day's laggards, showing a loss of 3.7% and 3.4%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is down 1.6% on the day, and down 1.46% year-to-date. Among large Materials stocks, Newmont Corp (Symbol: NEM) and Mosaic Co (Symbol: MOS) are the most notable, showing a loss of 2.9% and 2.3%, respectively.
|
0cebc914-a4ba-4dad-b457-333b30e49675
|
712992.0
|
2023-12-12 00:00:00 UTC
|
Notable Tuesday Option Activity: POOL, CRM, PFE
|
DCOMP
|
https://www.nasdaq.com/articles/notable-tuesday-option-activity%3A-pool-crm-pfe
|
nan
|
nan
|
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Pool Corp (Symbol: POOL), where a total of 1,600 contracts have traded so far, representing approximately 160,000 underlying shares. That amounts to about 51.3% of POOL's average daily trading volume over the past month of 311,890 shares. Particularly high volume was seen for the $360 strike call option expiring December 15, 2023, with 790 contracts trading so far today, representing approximately 79,000 underlying shares of POOL. Below is a chart showing POOL's trailing twelve month trading history, with the $360 strike highlighted in orange:
Salesforce Inc (Symbol: CRM) options are showing a volume of 34,157 contracts thus far today. That number of contracts represents approximately 3.4 million underlying shares, working out to a sizeable 50.7% of CRM's average daily trading volume over the past month, of 6.7 million shares. Particularly high volume was seen for the $257.50 strike call option expiring December 15, 2023, with 3,494 contracts trading so far today, representing approximately 349,400 underlying shares of CRM. Below is a chart showing CRM's trailing twelve month trading history, with the $257.50 strike highlighted in orange:
And Pfizer Inc (Symbol: PFE) options are showing a volume of 172,050 contracts thus far today. That number of contracts represents approximately 17.2 million underlying shares, working out to a sizeable 47.9% of PFE's average daily trading volume over the past month, of 35.9 million shares. Particularly high volume was seen for the $29 strike call option expiring December 15, 2023, with 41,333 contracts trading so far today, representing approximately 4.1 million underlying shares of PFE. Below is a chart showing PFE's trailing twelve month trading history, with the $29 strike highlighted in orange:
For the various different available expirations for POOL options, CRM options, or PFE options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
ORGS Insider Buying
ESTC Options Chain
KT YTD Return
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Particularly high volume was seen for the $360 strike call option expiring December 15, 2023, with 790 contracts trading so far today, representing approximately 79,000 underlying shares of POOL. Particularly high volume was seen for the $257.50 strike call option expiring December 15, 2023, with 3,494 contracts trading so far today, representing approximately 349,400 underlying shares of CRM. Particularly high volume was seen for the $29 strike call option expiring December 15, 2023, with 41,333 contracts trading so far today, representing approximately 4.1 million underlying shares of PFE.
|
Below is a chart showing POOL's trailing twelve month trading history, with the $360 strike highlighted in orange: Salesforce Inc (Symbol: CRM) options are showing a volume of 34,157 contracts thus far today. That number of contracts represents approximately 3.4 million underlying shares, working out to a sizeable 50.7% of CRM's average daily trading volume over the past month, of 6.7 million shares. That number of contracts represents approximately 17.2 million underlying shares, working out to a sizeable 47.9% of PFE's average daily trading volume over the past month, of 35.9 million shares.
|
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Pool Corp (Symbol: POOL), where a total of 1,600 contracts have traded so far, representing approximately 160,000 underlying shares. Particularly high volume was seen for the $29 strike call option expiring December 15, 2023, with 41,333 contracts trading so far today, representing approximately 4.1 million underlying shares of PFE. Below is a chart showing PFE's trailing twelve month trading history, with the $29 strike highlighted in orange: For the various different available expirations for POOL options, CRM options, or PFE options, visit StockOptionsChannel.com.
|
That number of contracts represents approximately 17.2 million underlying shares, working out to a sizeable 47.9% of PFE's average daily trading volume over the past month, of 35.9 million shares. Particularly high volume was seen for the $29 strike call option expiring December 15, 2023, with 41,333 contracts trading so far today, representing approximately 4.1 million underlying shares of PFE. Below is a chart showing PFE's trailing twelve month trading history, with the $29 strike highlighted in orange: For the various different available expirations for POOL options, CRM options, or PFE options, visit StockOptionsChannel.com.
|
c290e7c7-4fe9-4500-884d-59d303d3766b
|
712993.0
|
2023-12-12 00:00:00 UTC
|
Intriguing International ETFs for 2024
|
DCOMP
|
https://www.nasdaq.com/articles/intriguing-international-etfs-for-2024
|
nan
|
nan
|
T
his will go down as another rough year for international stocks relative to domestic equivalents. Putting “rough” into context, as of Dec. 14, the MSCI ACWI ex USA Index is up an admirable 13.6% year-to-date. Problem is that trails by a wide margin the 24.8% returned by the S&P 500.
Said another way, 2023 will be the fifth year in the past seven in which the MSCI ACWI ex USA Index, which includes develop and emerging markets stocks, lagged the S&P 500. In other words, ex-U.S. stocks haven’t been worth the extra perceived risk. Not when domestic stocks are flourishing and certainly not when many international equity gauges are lightly allocated to high-growth sectors.
On the other hand, there remain good reasons to consider international equities and the corresponding exchange traded funds. For example, international stocks and ETFs offer portfolio diversification benefits. Likewise, both developed and emerging markets stocks are inexpensive relative to domestic counterparts. Add to that, many international ETFs offer strong dividend growth prospects and higher yields than equivalent U.S. strategies.
With those favorable factors in mind, here are some international ETFs to consider in 2024.
Calvert International Responsible ETF (CVIE)
The Calvert International Responsible ETF (CVIE) is one of the new entrants to the international environmental, social and governance (ESG) ETF landscape, but just weeks ahead of its first birthday, it’s also one that merits attention.
CVIE’s largest country exposure is Japan and the fund also includes a significant combined allocation to various Eurozone economies – both of which are meaningful traits ahead of 2024. The reason being is that reflation could help the Japanese economy while interest rate cuts by the European Central Bank (ECB) could lift equities in that region.
“When the hawks turn dovish, and as inflation falls to within touching distance, it is reasonable to assume that the ECB will start to cut rates,” noted deVere Group CEO Nigel Green. “A rate cut by the ECB could be expected to inject liquidity into financial markets, leading to a surge in equity prices. International investors could find opportunities for capital appreciation, especially in sectors that are sensitive to interest rates, such as real estate and utilities.”
Schwab International Equity Dividend ETF (SCHY)
The Schwab International Equity Dividend ETF (SCHY) taps into the aforementioned theme of strong yields in ex-U.S. markets. Though it’s more a dividend growth fund than yield play, this international ETF sports a dividend yield of 4.05%, or nearly 200 basis points in excess of the yield found on the MSCI EAFE Index.
Additionally, SCHY has a two-fold value proposition. Many of its holdings can be considered value stocks and its annual fee of 0.14% is inexpensive among international dividend ETFs.
“The resulting portfolio favors stable companies that are likely to maintain their dividend payments. On average, its profitability has been consistently higher than the MSCI ACWI ex USA Value Index, and it has tended to incur less of the market’s risk,” notes Morningstar analyst Daniel Sotiroff. “Despite looking for stocks with higher dividend yields, it does not provide a higher yield than the value side of the market. As of October 2023, its trailing 12-month dividend yield stood at roughly 3.9%, placing it on par with its Morningstar Category index. That said, yield does not play a big role in the portfolio’s overall ability to deliver strong risk-adjusted performance relative to the MSCI ACWI ex USA Value Index.”
VanEck Morningstar International Moat ETF (MOTI)
The VanEck Morningstar International Moat ETF (MOTI) is the international constituent in VanEck’s expansive suite of wide moat ETFs. The $241.66 million fund follows the Morningstar Global ex-U.S. Moat Focus Index, which focuses on attractively international equities with deep competitive advantages.
“Looking outside the U.S., the Morningstar Global ex-US Moat Focus Index (‘International Moat Index’) has separated itself from the international markets in recent periods. It reflects the ethos of Morningstar’s broader moat investing philosophy: invest in quality moat-rated companies that are also trading at attractive prices. This approach has yielded impressive results,” noted Brandon Rakszawski, VanEck director of product management.
MOTI is home to 78 stocks with China, the U.K. and Germany combining for about 48% of the fund’s geographic exposure.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
CVIE’s largest country exposure is Japan and the fund also includes a significant combined allocation to various Eurozone economies – both of which are meaningful traits ahead of 2024. “When the hawks turn dovish, and as inflation falls to within touching distance, it is reasonable to assume that the ECB will start to cut rates,” noted deVere Group CEO Nigel Green. On average, its profitability has been consistently higher than the MSCI ACWI ex USA Value Index, and it has tended to incur less of the market’s risk,” notes Morningstar analyst Daniel Sotiroff.
|
Calvert International Responsible ETF (CVIE) The Calvert International Responsible ETF (CVIE) is one of the new entrants to the international environmental, social and governance (ESG) ETF landscape, but just weeks ahead of its first birthday, it’s also one that merits attention. International investors could find opportunities for capital appreciation, especially in sectors that are sensitive to interest rates, such as real estate and utilities.” Schwab International Equity Dividend ETF (SCHY) The Schwab International Equity Dividend ETF (SCHY) taps into the aforementioned theme of strong yields in ex-U.S. markets. That said, yield does not play a big role in the portfolio’s overall ability to deliver strong risk-adjusted performance relative to the MSCI ACWI ex USA Value Index.” VanEck Morningstar International Moat ETF (MOTI) The VanEck Morningstar International Moat ETF (MOTI) is the international constituent in VanEck’s expansive suite of wide moat ETFs.
|
Calvert International Responsible ETF (CVIE) The Calvert International Responsible ETF (CVIE) is one of the new entrants to the international environmental, social and governance (ESG) ETF landscape, but just weeks ahead of its first birthday, it’s also one that merits attention. International investors could find opportunities for capital appreciation, especially in sectors that are sensitive to interest rates, such as real estate and utilities.” Schwab International Equity Dividend ETF (SCHY) The Schwab International Equity Dividend ETF (SCHY) taps into the aforementioned theme of strong yields in ex-U.S. markets. That said, yield does not play a big role in the portfolio’s overall ability to deliver strong risk-adjusted performance relative to the MSCI ACWI ex USA Value Index.” VanEck Morningstar International Moat ETF (MOTI) The VanEck Morningstar International Moat ETF (MOTI) is the international constituent in VanEck’s expansive suite of wide moat ETFs.
|
The reason being is that reflation could help the Japanese economy while interest rate cuts by the European Central Bank (ECB) could lift equities in that region. International investors could find opportunities for capital appreciation, especially in sectors that are sensitive to interest rates, such as real estate and utilities.” Schwab International Equity Dividend ETF (SCHY) The Schwab International Equity Dividend ETF (SCHY) taps into the aforementioned theme of strong yields in ex-U.S. markets. That said, yield does not play a big role in the portfolio’s overall ability to deliver strong risk-adjusted performance relative to the MSCI ACWI ex USA Value Index.” VanEck Morningstar International Moat ETF (MOTI) The VanEck Morningstar International Moat ETF (MOTI) is the international constituent in VanEck’s expansive suite of wide moat ETFs.
|
d0a1aefd-db4c-4f69-8189-334fedc0cc66
|
712994.0
|
2023-12-12 00:00:00 UTC
|
Zions Bancorporation's Series A Preferred Stock Yield Pushes Past 8%
|
DCOMP
|
https://www.nasdaq.com/articles/zions-bancorporations-series-a-preferred-stock-yield-pushes-past-8-0
|
nan
|
nan
|
In trading on Tuesday, shares of Zions Bancorporation, N.A.'s Series A Floating-Rate Non-Cumulative Perpetual Preferred Stock (Symbol: ZIONP) were yielding above the 8% mark based on its quarterly dividend (annualized to $1.565), with shares changing hands as low as $19.52 on the day. This compares to an average yield of 6.97% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, ZIONP was trading at a 20.60% discount to its liquidation preference amount, versus the average discount of 13.34% in the "Financial" category. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend.
Below is a dividend history chart for ZIONP, showing historical dividend payments on Zions Bancorporation, N.A.'s Series A Floating-Rate Non-Cumulative Perpetual Preferred Stock :
Free Report: Top 8%+ Dividends (paid monthly)
In Tuesday trading, Zions Bancorporation, N.A.'s Series A Floating-Rate Non-Cumulative Perpetual Preferred Stock (Symbol: ZIONP) is currently off about 0.6% on the day, while the common shares (Symbol: ZION) are down about 0.5%.
Click here to find out the 50 highest yielding preferreds »
Also see:
VKI Insider Buying
RXRX shares outstanding history
ODFL Next Dividend Date
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
's Series A Floating-Rate Non-Cumulative Perpetual Preferred Stock (Symbol: ZIONP) were yielding above the 8% mark based on its quarterly dividend (annualized to $1.565), with shares changing hands as low as $19.52 on the day. 's Series A Floating-Rate Non-Cumulative Perpetual Preferred Stock : Free Report: Top 8%+ Dividends (paid monthly) In Tuesday trading, Zions Bancorporation, N.A. Click here to find out the 50 highest yielding preferreds » Also see: VKI Insider Buying RXRX shares outstanding history ODFL Next Dividend Date The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
's Series A Floating-Rate Non-Cumulative Perpetual Preferred Stock (Symbol: ZIONP) were yielding above the 8% mark based on its quarterly dividend (annualized to $1.565), with shares changing hands as low as $19.52 on the day. 's Series A Floating-Rate Non-Cumulative Perpetual Preferred Stock : Free Report: Top 8%+ Dividends (paid monthly) In Tuesday trading, Zions Bancorporation, N.A. 's Series A Floating-Rate Non-Cumulative Perpetual Preferred Stock (Symbol: ZIONP) is currently off about 0.6% on the day, while the common shares (Symbol: ZION) are down about 0.5%.
|
's Series A Floating-Rate Non-Cumulative Perpetual Preferred Stock (Symbol: ZIONP) were yielding above the 8% mark based on its quarterly dividend (annualized to $1.565), with shares changing hands as low as $19.52 on the day. 's Series A Floating-Rate Non-Cumulative Perpetual Preferred Stock : Free Report: Top 8%+ Dividends (paid monthly) In Tuesday trading, Zions Bancorporation, N.A. 's Series A Floating-Rate Non-Cumulative Perpetual Preferred Stock (Symbol: ZIONP) is currently off about 0.6% on the day, while the common shares (Symbol: ZION) are down about 0.5%.
|
In trading on Tuesday, shares of Zions Bancorporation, N.A. This compares to an average yield of 6.97% in the "Financial" preferred stock category, according to Preferred Stock Channel. 's Series A Floating-Rate Non-Cumulative Perpetual Preferred Stock : Free Report: Top 8%+ Dividends (paid monthly) In Tuesday trading, Zions Bancorporation, N.A.
|
1b6f30b2-1172-463e-8fe2-1c0a5f27ab49
|
712995.0
|
2023-12-12 00:00:00 UTC
|
Here's Why GoPro Stock Sank Today
|
DCOMP
|
https://www.nasdaq.com/articles/heres-why-gopro-stock-sank-today
|
nan
|
nan
|
Shares of action camera company GoPro (NASDAQ: GPRO) sank on Tuesday after a prominent analyst suggested that the stock could be headed even lower. As of 1:30 p.m. ET, GoPro stock was down 7% but it had been down 10% earlier in the trading session.
One analyst says to sell
Erik Woodring is an analyst with Morgan Stanley, one of the larger and more prominent investment firms. Therefore, when Woodring downgrades his outlook to underweight -- as he did today with GoPro -- the market tends to take notice.
An underweight rating basically means that Woodring believes GoPro stock will go down from here, so it's almost the same as recommending that investors sell their shares. Woodring now has a price target of $3 per share for GoPro, down from his previous price target of $4 per share, according to Investing.com.
Is Woodring right?
Woodring is reportedly concerned with GoPro stock due to its slowing subscription growth for cloud storage, among other things. And there's validity to this particular concern. For example, in the third quarter of 2023, GoPro's subscribers were up 20% year over year. That's way down from 55% growth in the same quarter of last year.
Having a subscription product has certainly improved GoPro's business from when it only generated revenue by selling cameras. But I believe there's reason for long-term investors to consider what Woodring is saying. It seems that GoPro really makes some great products that have loyal fans. But it's always been fair to question how big its potential market is.
GoPro only had 2.5 million subscribers in Q3 and it appears to be approaching an upper limit. Therefore, the company may struggle to find any market-beating upside unless management can find a new growth avenue.
Should you invest $1,000 in GoPro right now?
Before you buy stock in GoPro, 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 GoPro wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 11, 2023
Jon Quast has no position in any of the stocks mentioned. The Motley Fool 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.
|
Shares of action camera company GoPro (NASDAQ: GPRO) sank on Tuesday after a prominent analyst suggested that the stock could be headed even lower. An underweight rating basically means that Woodring believes GoPro stock will go down from here, so it's almost the same as recommending that investors sell their shares. Woodring is reportedly concerned with GoPro stock due to its slowing subscription growth for cloud storage, among other things.
|
Shares of action camera company GoPro (NASDAQ: GPRO) sank on Tuesday after a prominent analyst suggested that the stock could be headed even lower. Before you buy stock in GoPro, 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 GoPro wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Jon Quast has no position in any of the stocks mentioned.
|
An underweight rating basically means that Woodring believes GoPro stock will go down from here, so it's almost the same as recommending that investors sell their shares. Before you buy stock in GoPro, 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 GoPro wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Jon Quast has no position in any of the stocks mentioned.
|
Is Woodring right? Woodring is reportedly concerned with GoPro stock due to its slowing subscription growth for cloud storage, among other things. Before you buy stock in GoPro, 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 GoPro wasn't one of them.
|
c855c5ea-dff6-45ab-ac56-2313524c519f
|
712996.0
|
2023-12-12 00:00:00 UTC
|
Noteworthy Tuesday Option Activity: WYNN, SEDG, NXPI
|
DCOMP
|
https://www.nasdaq.com/articles/noteworthy-tuesday-option-activity%3A-wynn-sedg-nxpi
|
nan
|
nan
|
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Wynn Resorts Ltd (Symbol: WYNN), where a total volume of 32,898 contracts has been traded thus far today, a contract volume which is representative of approximately 3.3 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 138% of WYNN's average daily trading volume over the past month, of 2.4 million shares. Especially high volume was seen for the $105 strike put option expiring January 19, 2024, with 8,617 contracts trading so far today, representing approximately 861,700 underlying shares of WYNN. Below is a chart showing WYNN's trailing twelve month trading history, with the $105 strike highlighted in orange:
SolarEdge Technologies Inc (Symbol: SEDG) saw options trading volume of 14,800 contracts, representing approximately 1.5 million underlying shares or approximately 55.9% of SEDG's average daily trading volume over the past month, of 2.6 million shares. Particularly high volume was seen for the $70 strike put option expiring January 19, 2024, with 3,392 contracts trading so far today, representing approximately 339,200 underlying shares of SEDG. Below is a chart showing SEDG's trailing twelve month trading history, with the $70 strike highlighted in orange:
And NXP Semiconductors NV (Symbol: NXPI) options are showing a volume of 10,744 contracts thus far today. That number of contracts represents approximately 1.1 million underlying shares, working out to a sizeable 53.7% of NXPI's average daily trading volume over the past month, of 2.0 million shares. Particularly high volume was seen for the $200 strike call option expiring December 15, 2023, with 2,807 contracts trading so far today, representing approximately 280,700 underlying shares of NXPI. Below is a chart showing NXPI's trailing twelve month trading history, with the $200 strike highlighted in orange:
For the various different available expirations for WYNN options, SEDG options, or NXPI options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Cheap Shares To Watch
SPIP Options Chain
PRME YTD Return
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Especially high volume was seen for the $105 strike put option expiring January 19, 2024, with 8,617 contracts trading so far today, representing approximately 861,700 underlying shares of WYNN. Particularly high volume was seen for the $70 strike put option expiring January 19, 2024, with 3,392 contracts trading so far today, representing approximately 339,200 underlying shares of SEDG. Particularly high volume was seen for the $200 strike call option expiring December 15, 2023, with 2,807 contracts trading so far today, representing approximately 280,700 underlying shares of NXPI.
|
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Wynn Resorts Ltd (Symbol: WYNN), where a total volume of 32,898 contracts has been traded thus far today, a contract volume which is representative of approximately 3.3 million underlying shares (given that every 1 contract represents 100 underlying shares). Especially high volume was seen for the $105 strike put option expiring January 19, 2024, with 8,617 contracts trading so far today, representing approximately 861,700 underlying shares of WYNN. Below is a chart showing WYNN's trailing twelve month trading history, with the $105 strike highlighted in orange: SolarEdge Technologies Inc (Symbol: SEDG) saw options trading volume of 14,800 contracts, representing approximately 1.5 million underlying shares or approximately 55.9% of SEDG's average daily trading volume over the past month, of 2.6 million shares.
|
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Wynn Resorts Ltd (Symbol: WYNN), where a total volume of 32,898 contracts has been traded thus far today, a contract volume which is representative of approximately 3.3 million underlying shares (given that every 1 contract represents 100 underlying shares). Below is a chart showing WYNN's trailing twelve month trading history, with the $105 strike highlighted in orange: SolarEdge Technologies Inc (Symbol: SEDG) saw options trading volume of 14,800 contracts, representing approximately 1.5 million underlying shares or approximately 55.9% of SEDG's average daily trading volume over the past month, of 2.6 million shares. That number of contracts represents approximately 1.1 million underlying shares, working out to a sizeable 53.7% of NXPI's average daily trading volume over the past month, of 2.0 million shares.
|
Below is a chart showing WYNN's trailing twelve month trading history, with the $105 strike highlighted in orange: SolarEdge Technologies Inc (Symbol: SEDG) saw options trading volume of 14,800 contracts, representing approximately 1.5 million underlying shares or approximately 55.9% of SEDG's average daily trading volume over the past month, of 2.6 million shares. That number of contracts represents approximately 1.1 million underlying shares, working out to a sizeable 53.7% of NXPI's average daily trading volume over the past month, of 2.0 million shares. Below is a chart showing NXPI's trailing twelve month trading history, with the $200 strike highlighted in orange: For the various different available expirations for WYNN options, SEDG options, or NXPI options, visit StockOptionsChannel.com.
|
d756559f-6d29-41ec-9436-1934adaa182f
|
712997.0
|
2023-12-12 00:00:00 UTC
|
Ollie’s Bargain Outlet (NASDAQ:OLLI): A Must-Watch Holidays Winner
|
DCOMP
|
https://www.nasdaq.com/articles/ollies-bargain-outlet-nasdaq%3Aolli%3A-a-must-watch-holidays-winner
|
nan
|
nan
|
For the present circumstances, you couldn’t get a more relevant industry than the discount retail ecosystem, which makes sector player Ollie's Bargain Outlet (NASDAQ:OLLI) a must-watch stock. Sure, we can talk about the winter holidays; that’s always going to boost retail sentiment. However, the real reason why OLLI stock symbolizes a bullish idea is that the company's underlying business model actually works.
Earnings Showcase is Just the Beginning for OLLI Stock
You can speculate on whether a business will eventually do the right thing. Or, in the case of OLLI stock and the underlying retail enterprise, you can prove to investors that you know what you’re doing. If anybody had doubts, those concerns likely evaporated when Ollie’s released its third-quarter earnings report.
As TipRanks reporter Kailas Salunkhe mentioned, the closeout merchandise retailer posted sales of $480.1 million, beating the consensus target by nearly $10.6 million. Just as well, the figure represented a 14.8% year-over-year lift. On the bottom line, Ollie’s delivered earnings per share of $0.51, exceeding the consensus view by $0.06. Following the encouraging report, OLLI stock popped higher.
And the print continued to get better as you read on. For example, comparable store sales increased by 7%. Further, the company expanded its total store count by approximately 9% to 505 locations. As Salunkhe wrote, “The rise in revenue, coupled with a 100 basis-point expansion in operating margin, enabled the company to increase its net income by 37.8% year-over-year to $31.8 million.”
Looking ahead, management anticipates that revenue for Fiscal Year 2023 will land between $2.097 billion and $2.104 billion. This range compares favorably to the prior estimate of $2.076 billion to $2.091 billion. Also, EPS should land between $2.77 and $2.83 versus the prior outlook between $2.65 and $2.74.
Fundamentally, the biggest takeaway arguably centers on consumers' willingness to open their wallets for Ollie’s. With inflation still very much elevated against pre-pandemic norms, the company is grabbing as much market share as possible. That’s huge for OLLI stock.
Ollie’s is All About Margins, Margins, Margins
If you need to wrap up the bullish case for OLLI stock in three words, it would be the same word repeated three times: margins. Specifically, the discount retailer has witnessed a recovery of its gross margin following a rough cycle in Fiscal Year 2022 (ended January 2023). Moving forward, OLLI stock leverages a key advantage over rivals.
As multiple financial resources pointed out, Ollie’s gross margin slipped to a five-year low of 35.9% at FY23 end. However, in the most recent quarter, its gross margin shot up to 40.4%. Roughly speaking, a gross margin of 40% has been the average during the company’s pre-pandemic years, and that translates to Ollie’s not having to rely on margin-killing discounts to get people through its doors.
In sharp contrast, rivals like Dollar General (NYSE:DG) offer a similar business model but at the cost of slowly eroding its gross margin. Sure, it, too, is getting people through the door. However, the business risks unsustainability if it can’t protect its profitability.
Indeed, gross margins are practically everything for discount retail investments like OLLI stock. That’s because this metric needs to be as high as possible due to the enormous operating expenses: salaries, location upkeep, utilities, overtime for off-business-hour restocking cycles, etc. By the time you get to the bottom line, you’re dealing with razor-thin margins.
A Deceptively High Valuation
Now, if there is a glaring reason why an investor might not consider OLLI stock, the discussion may center on valuation. More to the point, OLLI trades at a trailing-year earnings multiple of 28.4x. By strictly comparing the numbers, DG appears to be a relatively discounted idea. The market prices shares at only 14.6x earnings.
However, an argument can be made that OLLI stock symbolizes a deceptively high multiple. No, it’s not a discount, but the company clearly resonates with its core consumers, and it achieves this resonance without killing its margins. That’s worth the premium in the multiple, based on the available data.
Is OLLI Stock a Buy, According to Analysts?
Turning to Wall Street, OLLI stock has a Moderate Buy consensus rating based on eight Buys, three Holds, and one Sell rating. The average OLLI stock price target is $88.25, implying 20.9% upside potential.
The Takeaway: OLLI Stock is Worth the Price of Admission
Ollie's Bargain Outlet is a discount retailer that is poised to do well in the winter holidays and beyond. The company's strong financial performance, including a recent increase in its gross margin, suggests that it is well-positioned to compete in the retail sector. While the valuation of OLLI stock may appear high at first glance, its strong fundamentals suggest that it's worth the premium.
Disclosure
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Roughly speaking, a gross margin of 40% has been the average during the company’s pre-pandemic years, and that translates to Ollie’s not having to rely on margin-killing discounts to get people through its doors. In sharp contrast, rivals like Dollar General (NYSE:DG) offer a similar business model but at the cost of slowly eroding its gross margin. That’s because this metric needs to be as high as possible due to the enormous operating expenses: salaries, location upkeep, utilities, overtime for off-business-hour restocking cycles, etc.
|
For the present circumstances, you couldn’t get a more relevant industry than the discount retail ecosystem, which makes sector player Ollie's Bargain Outlet (NASDAQ:OLLI) a must-watch stock. However, the real reason why OLLI stock symbolizes a bullish idea is that the company's underlying business model actually works. The Takeaway: OLLI Stock is Worth the Price of Admission Ollie's Bargain Outlet is a discount retailer that is poised to do well in the winter holidays and beyond.
|
For the present circumstances, you couldn’t get a more relevant industry than the discount retail ecosystem, which makes sector player Ollie's Bargain Outlet (NASDAQ:OLLI) a must-watch stock. Ollie’s is All About Margins, Margins, Margins If you need to wrap up the bullish case for OLLI stock in three words, it would be the same word repeated three times: margins. The Takeaway: OLLI Stock is Worth the Price of Admission Ollie's Bargain Outlet is a discount retailer that is poised to do well in the winter holidays and beyond.
|
For example, comparable store sales increased by 7%. The market prices shares at only 14.6x earnings. The Takeaway: OLLI Stock is Worth the Price of Admission Ollie's Bargain Outlet is a discount retailer that is poised to do well in the winter holidays and beyond.
|
a9c02072-8ceb-4ee1-b06c-92d7b783154c
|
712998.0
|
2023-12-12 00:00:00 UTC
|
Use New Analyst Coverage to Find Strong Stocks to Buy for 2024
|
DCOMP
|
https://www.nasdaq.com/articles/use-new-analyst-coverage-to-find-strong-stocks-to-buy-for-2024
|
nan
|
nan
|
The market climbed slightly through mid-day trading on Tuesday as Wall Street reacted somewhat positively to the November CPI release that came in largely in line with expectations.
Investors have been pricing in the start of Fed rate cuts in 2024. The sliding yields have provided a springboard for the current market rally that began in late October. Yields on the 10-year U.S. Treasury are floating around 4.21% vs. 5.0% on October 18.
The bulls finally sent the S&P 500 and the Nasdaq to new 2023 highs over the last several sessions. More investors now appear to be positioning themselves for a possible rally to new all-time highs in 2024.
The current market backdrop likely means investors will want to find strong stocks to buy in December and the early weeks of 2024. One way to find potentially winning stocks is to search for companies gaining more attention from Wall Street analysts.
The idea is pretty simple: analysts are more inclined to start covering a stock that they view as having substantial upside potential vs. picking up coverage only to say stay away.
Here is how to use our new analyst coverage screen to help investors find stocks to buy in the back half of December for a potential Santa Claus rally and beyond.
New Analyst Coverage
Broker recommendations play their part no matter how investors feel about them. And we seemingly all take a look no matter what. Individual investors, large institutional portfolio managers, and everyone in between are likely pleased to see one of their stocks get an upgraded rating or a new analyst cover the company.
Investor interest can generate more analyst coverage. This helps explain why analysts jump on young, much-hyped and talked about tech companies. Then, as new coverage is initiated, the company and the stock become more visible, which in turn often leads to more demand potential and therefore the possibility of higher prices.
Plus, analysts almost always initiate coverage with a positive recommendation. And the logic follows because why spend all the time and write a research report on a company not widely tracked only to say it’s not good?
When it comes to companies with little to no analyst coverage, one new recommendation can sometimes give portfolio managers the validation they need to build a position. And the more money they can invest, the more they can potentially influence prices.
The best way to use this information is to search for companies with analyst coverage that has increased over the last 4 weeks. We just look at the number of analyst recommendations today and compare it to the number of analyst recommendations 4 weeks ago.
The rule of thumb here is that an increase in coverage leans bullish and a decrease signals bearish behavior. It is also worth pointing out that, in general, the change in the average broker recommendation is a better indicator than the actual recommendation itself.
On top of that, it is typically more bullish if the increase went from none to one or if the coverage was minimal to begin with. (As the number of analysts climbs the addition of new coverage isn’t earth-shattering.) In the end, increased coverage is still better than decreased coverage, unless the coverage is heading in the wrong direction.
Now let’s try this screen…
• Number of Broker Ratings now greater than the Number of Broker Ratings four weeks ago
(This shows stocks where new coverage has recently been added.)
• Average Broker Rating less than Average Broker Rating four weeks ago
(By 'less than', we mean 'better than' four weeks ago.)
• Prices greater than or equal to 5
(We’re applying all of the above parameters to stocks above $5 a share since many money managers won't even look at stocks under $5)
• Average Daily Volume greater than or equal to 100,000 shares
(If there's not enough volume, even individual investors won't want it).
Here is one of the eight stocks that came through the screen today…
OFG Bancorp (OFG) - (from 2 analysts four weeks ago to 3)
OFG Bancorp (OFG) shares have soared to fresh all-time highs recently. OFG Bancorp is a diversified financial holding company that operates through its principal subsidiaries Oriental Bank, Oriental Financial Service, and Oriental Insurance. OFG Bancorp, which operates mostly in Puerto Rico and U.S. Virgin Islands, provides a range of financial services such as retail and commercial banking, lending and wealth management, and beyond. OFG Bancorp is aiming to stand out against its peers by boosting its digital-focused offerings.
Image Source: Zacks Investment Research
OFG Bancorp’s revenue has been trending higher over the last five years, including some big jumps recently. OFG topped our bottom line estimates once again in October and boosted its guidance to extend its run of solid upward earnings revisions.
OFG Bancorp’s recently beefed-up adjusted EPS outlook helps it land a Zacks Rank #2 (Buy) right now. OFG’s adjusted earnings are projected to climb 10% in 2023 on the back of 12% higher sales.
Image Source: Zacks Investment Research
OFG stock has climbed 110% in the past five years vs. the Zacks Finance sector’s 32%, including a 20% run to record heights in the last three months. Yet it still trades 6% below its average Zacks price target and at a 35% discount to the Finance sector at 9.5X forward 12-month earnings.
OFG Bancorp is also trading nearly in line with its 10-year median. All three of the brokerage recommendations Zacks now has for OFG are “Strong Buys.” On top of that, OFG Bancorp’s dividend yields 2.5% at the moment.
Many screeners won't let you search for the number of analysts covering a stock, let alone comparing the amount of coverage they had weeks or even months ago. But you can with the Research Wizard. And you can backtest it all. Find out how to pick the right stocks right now by taking a free trial to the Research Wizard stock picking and backtesting program.
Click here to sign up for a free trial to the Research Wizard today.
Want more articles from this author? Scroll up to the top of this article and click the FOLLOW AUTHOR button to get an email each time a new article is published.
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance_disclosure.
Today's Stocks from Zacks' Best Screens
Starting today, you can get instant access to the latest picks from our time-proven screens which since 2000 have soared far above the market. While the S&P 500 averaged +6.2% per year, we saw results like these: Small-Cap Growth +46.4%, Filtered Zacks Rank5 +49.5%, and Big Money Zacks +55.2%.
You're invited to screen the latest stocks in seconds by trying Zacks' Research Wizard stock-picking program. Or use the Wizard to create your own market-beating strategies. No credit card needed, no cost or obligation.
Try it for 2 weeks free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
OFG Bancorp (OFG) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The market climbed slightly through mid-day trading on Tuesday as Wall Street reacted somewhat positively to the November CPI release that came in largely in line with expectations. OFG Bancorp, which operates mostly in Puerto Rico and U.S. Virgin Islands, provides a range of financial services such as retail and commercial banking, lending and wealth management, and beyond. Image Source: Zacks Investment Research OFG Bancorp’s revenue has been trending higher over the last five years, including some big jumps recently.
|
Here is one of the eight stocks that came through the screen today… OFG Bancorp (OFG) - (from 2 analysts four weeks ago to 3) OFG Bancorp (OFG) shares have soared to fresh all-time highs recently. Image Source: Zacks Investment Research OFG Bancorp’s revenue has been trending higher over the last five years, including some big jumps recently. Image Source: Zacks Investment Research OFG stock has climbed 110% in the past five years vs. the Zacks Finance sector’s 32%, including a 20% run to record heights in the last three months.
|
Here is one of the eight stocks that came through the screen today… OFG Bancorp (OFG) - (from 2 analysts four weeks ago to 3) OFG Bancorp (OFG) shares have soared to fresh all-time highs recently. Image Source: Zacks Investment Research OFG stock has climbed 110% in the past five years vs. the Zacks Finance sector’s 32%, including a 20% run to record heights in the last three months. Click to get this free report OFG Bancorp (OFG) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
The best way to use this information is to search for companies with analyst coverage that has increased over the last 4 weeks. Here is one of the eight stocks that came through the screen today… OFG Bancorp (OFG) - (from 2 analysts four weeks ago to 3) OFG Bancorp (OFG) shares have soared to fresh all-time highs recently. Try it for 2 weeks free >> Want the latest recommendations from Zacks Investment Research?
|
bb61250c-449e-4f9c-9510-ce9f5c670633
|
712999.0
|
2023-12-12 00:00:00 UTC
|
Google's court loss to Epic Games may cost billions but final outcome years away
|
DCOMP
|
https://www.nasdaq.com/articles/googles-court-loss-to-epic-games-may-cost-billions-but-final-outcome-years-away
|
nan
|
nan
|
By Jaspreet Singh and Harshita Mary Varghese
Dec 12 (Reuters) - Google's stunning defeat in a legal battle with "Fortnite" maker Epic Games may clear the way for rival app stores on its Android mobile system but a lengthy appeals process will likely prevent any changes for years, according to analysts and legal experts.
A jury in California found on Monday that the Alphabet-owned company's GOOGL.O Play app store operated as an illegal monopoly, quashing competition and charging app developers unduly high fees of up to 30%.
Epic Games will now have a chance to submit a court filing on how it wants Google's Play Store to be fixed -- potentially putting at risk what Wells Fargo estimates is $10 billion in annual revenue from app sales and in-app purchases for the tech giant.
"This is a big win for Epic," said Pinar Akman, professor of competition law at the University of Leeds.
"The usual remedy in such case ... would mean Google may be required to allow developers to use payment systems other than Google's. If such a remedy is adopted, then that will have an impact on the entire ecosystem and business model."
Google takes a cut on each digital purchase through Play Store on Android, the mobile system it develops. While revenue from such transactions is a fraction of the total sales, it's a high-margin business for the company, according to analysts.
The remedies could force it to allow rival app stores or lower the fees it charges on app sales and in-app purchases.
Alphabet shares were down nearly 1% on Tuesday.
The unanimous ruling by the jury will intensify pressure on Google at a time it is caught in a legal battle with the U.S. Justice Department (DoJ), which has accused the online search leader of breaking antitrust law to stay on top.
"It's worth noting the ad tech case is also a jury trial. Ad tech is more complicated than app stores, but DOJ still must be feeling encouraged by last night's jury ruling," analysts at TD Cowen said.
The decision is also expected to deepen questions over Apple's AAPL.O market dominance. The company won a similar fight against Epic but both the companies have approached the Supreme Court to review their dispute.
While it may not directly impact the case, the Google ruling will amplify questions about the influence Apple exerts through its App Store, said Eleanor Fox, professor emerita at the New York University School of Law.
"Apple might be and should be more concerned that it will be found to be a monopoly," Fox said.
LENGTHY APPEALS PROCESS
Google has said it will appeal the verdict, and the case will head to the San Francisco-based 9th U.S. Circuit Court of Appeals. That is the same court that heard Epic's arguments last year to revive its antitrust claims against Apple.
In January, U.S. District Judge James Donato in San Francisco will weigh Epic's request for an injunction. Epic and Google will face off for a second time in court — before the judge only.
Google would likely argue that the proposed injunction is too broad and needs to be more tailored.
"It's not so much will there be an injunction but the strength and scope of that remedy," said antitrust legal scholar Christine Bartholomew of the University at Buffalo School of Law in New York.
Still, analysts expect Google to appeal any remedy orders from Judge Donato, delaying any potential changes.
"Using the timeline in Epic v. Apple as a guide, the 9th Circuit would likely rule around Q2 2025," TD Cowen said.
(Reporting by Jaspreet Singh, Harshita Varghese and Aditya Soni in Bengaluru and Mike Scarcella; Editing by Shinjini Ganguli)
((Aditya.Soni@thomsonreuters.com; +91 80 6210 0555;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Epic Games will now have a chance to submit a court filing on how it wants Google's Play Store to be fixed -- potentially putting at risk what Wells Fargo estimates is $10 billion in annual revenue from app sales and in-app purchases for the tech giant. The unanimous ruling by the jury will intensify pressure on Google at a time it is caught in a legal battle with the U.S. Justice Department (DoJ), which has accused the online search leader of breaking antitrust law to stay on top. While it may not directly impact the case, the Google ruling will amplify questions about the influence Apple exerts through its App Store, said Eleanor Fox, professor emerita at the New York University School of Law.
|
By Jaspreet Singh and Harshita Mary Varghese Dec 12 (Reuters) - Google's stunning defeat in a legal battle with "Fortnite" maker Epic Games may clear the way for rival app stores on its Android mobile system but a lengthy appeals process will likely prevent any changes for years, according to analysts and legal experts. The remedies could force it to allow rival app stores or lower the fees it charges on app sales and in-app purchases. Still, analysts expect Google to appeal any remedy orders from Judge Donato, delaying any potential changes.
|
By Jaspreet Singh and Harshita Mary Varghese Dec 12 (Reuters) - Google's stunning defeat in a legal battle with "Fortnite" maker Epic Games may clear the way for rival app stores on its Android mobile system but a lengthy appeals process will likely prevent any changes for years, according to analysts and legal experts. Epic Games will now have a chance to submit a court filing on how it wants Google's Play Store to be fixed -- potentially putting at risk what Wells Fargo estimates is $10 billion in annual revenue from app sales and in-app purchases for the tech giant. While it may not directly impact the case, the Google ruling will amplify questions about the influence Apple exerts through its App Store, said Eleanor Fox, professor emerita at the New York University School of Law.
|
While revenue from such transactions is a fraction of the total sales, it's a high-margin business for the company, according to analysts. Ad tech is more complicated than app stores, but DOJ still must be feeling encouraged by last night's jury ruling," analysts at TD Cowen said. Still, analysts expect Google to appeal any remedy orders from Judge Donato, delaying any potential changes.
|
9c910891-582f-4e78-9997-c1f39d33443d
|
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.