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713200.0
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2023-12-12 00:00:00 UTC
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3 Warren Buffett Stocks to Buy Hand Over Fist in December
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DCOMP
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https://www.nasdaq.com/articles/3-warren-buffett-stocks-to-buy-hand-over-fist-in-december-1
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Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) has a stock portfolio worth about $365 billion with positions in dozens of companies, each of which was selected by CEO Warren Buffett or his investment managers. And to be sure, most of the businesses represented in the portfolio are rock-solid and are among the top companies in their respective industries. So, it's tough to make a strong investment case against many of them.
However, there are some that look particularly attractive as we head into 2024. Here are three that are worthy of a closer look from long-term investors in December.
A homebuilder with an unusual business model
Berkshire Hathaway surprised many investors when it added shares of not one, but three homebuilders to its portfolio in 2023. However, when you take a step back, it makes sense -- the real estate market is extremely slow, making this potentially a great time to load up on the sector's best-in-breed companies.
Of those three, NVR (NYSE: NVR) is a particularly interesting selection. It uses a somewhat different business model than its peers that has allowed it to generate best-in-class returns on equity for years. In simple terms, while most other homebuilders buy large tracts of land and sell lots off incrementally, NVR uses a land-light model where it acquires purchase option contracts, but doesn't actually buy any land until it has a contract to build a home on that property.
The proof is in the numbers. Since 1993, NVR has delivered a 64,330% total return for investors. The stock trades at a valuation of just 15 times forward earnings, and could benefit tremendously if mortgage rates start to decline and the real estate market heats up.
A rock-solid bank at a discount
Bank of America (NYSE: BAC) is Berkshire Hathaway's second-largest stock holding, and its position originated from a particularly savvy deal Buffett made during the financial crisis. Berkshire has bought more shares several times since then, and now owns 13% of the bank. Even though Buffett and his team have soured on several other bank stocks recently, they haven't sold a single share of Bank of America.
In short, the bank has a rare combination of top-notch leadership, great asset quality, and an attractive valuation. Its recent results have been strong, with 10% year-over-year net income growth in the third quarter, excellent returns on equity, and deposits that increased sequentially despite a difficult environment for brick-and-mortar banks in 2023. Considering that the stock trades for just 95% of its book value and that the business has been producing consistently strong performances, it's no wonder Buffett has stuck with Bank of America even as he's been selling shares from most of Berkshire's other bank holdings.
Could this be the best Buffett stock of all?
As a final selection, one of the best "Buffett stocks" to buy could be Berkshire Hathaway itself. I've said before that if I could only own one stock it would be Berkshire Hathaway. With over 60 wholly owned subsidiary businesses and a massive stock portfolio, it's like buying a diverse investment portfolio in a single stock.
One of the biggest reasons to like Berkshire Hathaway right now is because it is positioned to thrive no matter what the economy and stock market do. If things go well for the market, Berkshire's stock portfolio will likely reflect that fact and its operating earnings from its businesses will climb. On the other hand, if the economy takes a downturn, the conglomerate has an all-time high $157 billion in cash and Treasury securities on its balance sheet. This means that it could take advantage of discounted valuations if the market falls, and can make savvy investments if businesses need capital. Further, in today's higher-interest rate environment, that stockpile of cash is earning Berkshire billions of dollars more each year.
In short, Berkshire Hathaway is a stock that works in all market environments, and despite its size, it could continue to deliver market-beating returns for decades to come.
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
Bank of America is an advertising partner of The Ascent, a Motley Fool company. Matthew Frankel, CFP® has positions in Bank of America and Berkshire Hathaway. The Motley Fool has positions in and recommends Bank of America, Berkshire Hathaway, and NVR. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The stock trades at a valuation of just 15 times forward earnings, and could benefit tremendously if mortgage rates start to decline and the real estate market heats up. Its recent results have been strong, with 10% year-over-year net income growth in the third quarter, excellent returns on equity, and deposits that increased sequentially despite a difficult environment for brick-and-mortar banks in 2023. In short, Berkshire Hathaway is a stock that works in all market environments, and despite its size, it could continue to deliver market-beating returns for decades to come.
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A rock-solid bank at a discount Bank of America (NYSE: BAC) is Berkshire Hathaway's second-largest stock holding, and its position originated from a particularly savvy deal Buffett made during the financial crisis. 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. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Bank of America is an advertising partner of The Ascent, a Motley Fool company.
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A rock-solid bank at a discount Bank of America (NYSE: BAC) is Berkshire Hathaway's second-largest stock holding, and its position originated from a particularly savvy deal Buffett made during the financial crisis. Considering that the stock trades for just 95% of its book value and that the business has been producing consistently strong performances, it's no wonder Buffett has stuck with Bank of America even as he's been selling shares from most of Berkshire's other bank holdings. 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.
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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 Motley Fool has positions in and recommends Bank of America, Berkshire Hathaway, and NVR.
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36044ce7-f1e6-4de3-88fc-1844f4d6de11
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713201.0
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2023-12-12 00:00:00 UTC
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GitLab Stock Just Hit a Key Milestone
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DCOMP
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https://www.nasdaq.com/articles/gitlab-stock-just-hit-a-key-milestone
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Shares of GitLab (NASDAQ: GTLB) have soared more than 36% over the past month, most recently fueled by an exceptional quarterly update last week from the software development, security, and operations (DevSecOps) platform provider.
Indeed, GitLab's third-quarter revenue jumped a better-than-expected 32% year over year to $149.7 million, while its non-GAAP (adjusted) earnings swung positive to $14.4 million, or $0.09 per share, from a loss of $0.10 per share in the year-ago period. Most analysts were anticipating a net loss of $0.01 per share on revenue of $141 million.
Company card for GitLab NASDAQ:GTLB
Customers have continued to flock to GitLab's platform. Among other things, this has led to 26% growth in the number of clients generating annual recurring revenue (ARR) of at least $5,000, to 8,175. GitLab's large-customer base -- its customers generating ARR of at least $100,000 -- swelled an even more impressive 37%, to 874. And in a testament to GitLab's land-and-expand approach, these customers are consistently spending more on the platform after their first year; the company's dollar-based net retention rate (DNBRR) expanded 4 percentage points last quarter, to 128%.
The most exciting metric from GitLab's quarter
Perhaps most exciting trend, however, is that GitLab has historically enjoyed enviable operating leverage as it scales. Both GAAP and non-GAAP gross margins have consistently hovered in a percent range from the high 80s to the low 90s (arriving at 90% and 91%, respectively last quarter), and its adjusted operating expenses have continued to steadily decline as a percentage of revenue for the past several quarters.
Image source: GitLab.
That said, for its fiscal third quarter, ended Oct. 31, 2023, one milestone stood out from the rest: GitLab finally recorded its first quarterly period of positive non-GAAP operating income, $4.7 million, swinging from an adjusted operating loss of $21.6 million a year earlier. The company achieved this feat even as it increased quarterly research and development spending by nearly 20% year over year to just over $49 million, and raised sales and marketing spend by around 7% to $87 million.
GitLab CFO Brian Robins chalked the more robust metrics up to the company's deliberate efforts "to grow responsibly," achieving more than 2,200 basis points of adjusted operating margin expansion.
On GitLab's continued march toward sustained profitability
GitLab predicts its operating leverage will expand even faster going forward. Looking ahead to the current fiscal fourth quarter, GitLab's guidance calls for revenue of $157 million to $158 million, up 28% year over year at the midpoint, with adjusted operating income expanding further to a range of $5 million to $6 million, and adjusted earnings per share of $0.08 to $0.09 (up from a loss of $0.03 per share a year earlier).
So GitLab raised its full fiscal-year outlook to call for revenue of $573 million to $574 million (up from $555 million to $557 million before), an adjusted operating loss of $10 million to $9 million (down from previous guidance for a loss of $33 million to $30 million), and adjusted income per share of $0.12 to $0.13 (raised from previous guidance for a per-share loss of $0.08 to $0.05).
During the subsequent conference call, GitLab management reminded investors the company is chasing a total addressable market worth an estimated $40 billion and growing. Indeed, according to recent research from Gartner, by 2027, around 75% of enterprises will have switched from disparate, multiple-point solutions to unified DevOps platforms like GitLab to streamline their software development operations, up from only 25% this year.
As long as GitLab can continue its streak of "responsible," profitable growth as it captures as much of that growing market as possible in the coming years, I see no reason its share price shouldn't continue to follow suit.
Should you invest $1,000 in GitLab right now?
Before you buy stock in GitLab, 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 GitLab wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 11, 2023
Steve Symington has positions in GitLab. The Motley Fool has positions in and recommends GitLab. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of GitLab (NASDAQ: GTLB) have soared more than 36% over the past month, most recently fueled by an exceptional quarterly update last week from the software development, security, and operations (DevSecOps) platform provider. And in a testament to GitLab's land-and-expand approach, these customers are consistently spending more on the platform after their first year; the company's dollar-based net retention rate (DNBRR) expanded 4 percentage points last quarter, to 128%. GitLab CFO Brian Robins chalked the more robust metrics up to the company's deliberate efforts "to grow responsibly," achieving more than 2,200 basis points of adjusted operating margin expansion.
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That said, for its fiscal third quarter, ended Oct. 31, 2023, one milestone stood out from the rest: GitLab finally recorded its first quarterly period of positive non-GAAP operating income, $4.7 million, swinging from an adjusted operating loss of $21.6 million a year earlier. Looking ahead to the current fiscal fourth quarter, GitLab's guidance calls for revenue of $157 million to $158 million, up 28% year over year at the midpoint, with adjusted operating income expanding further to a range of $5 million to $6 million, and adjusted earnings per share of $0.08 to $0.09 (up from a loss of $0.03 per share a year earlier). So GitLab raised its full fiscal-year outlook to call for revenue of $573 million to $574 million (up from $555 million to $557 million before), an adjusted operating loss of $10 million to $9 million (down from previous guidance for a loss of $33 million to $30 million), and adjusted income per share of $0.12 to $0.13 (raised from previous guidance for a per-share loss of $0.08 to $0.05).
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That said, for its fiscal third quarter, ended Oct. 31, 2023, one milestone stood out from the rest: GitLab finally recorded its first quarterly period of positive non-GAAP operating income, $4.7 million, swinging from an adjusted operating loss of $21.6 million a year earlier. Looking ahead to the current fiscal fourth quarter, GitLab's guidance calls for revenue of $157 million to $158 million, up 28% year over year at the midpoint, with adjusted operating income expanding further to a range of $5 million to $6 million, and adjusted earnings per share of $0.08 to $0.09 (up from a loss of $0.03 per share a year earlier). So GitLab raised its full fiscal-year outlook to call for revenue of $573 million to $574 million (up from $555 million to $557 million before), an adjusted operating loss of $10 million to $9 million (down from previous guidance for a loss of $33 million to $30 million), and adjusted income per share of $0.12 to $0.13 (raised from previous guidance for a per-share loss of $0.08 to $0.05).
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Company card for GitLab NASDAQ:GTLB Customers have continued to flock to GitLab's platform. The company achieved this feat even as it increased quarterly research and development spending by nearly 20% year over year to just over $49 million, and raised sales and marketing spend by around 7% to $87 million. Before you buy stock in GitLab, 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 GitLab wasn't one of them.
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22777c84-842f-4ff8-b2a6-d2aa21633f81
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713202.0
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2023-12-12 00:00:00 UTC
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Glacier Bancorp (GBCI) Surges 6.8%: Is This an Indication of Further Gains?
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DCOMP
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https://www.nasdaq.com/articles/glacier-bancorp-gbci-surges-6.8%3A-is-this-an-indication-of-further-gains
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nan
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Glacier Bancorp GBCI shares rallied 6.8% in the last trading session to close at $42.87. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 17.1% gain over the past four weeks.
The Federal Reserve has signaled an end to the current rate hike cycle by keeping interest rates unchanged at the 22-year high of 5.25-5.5% at the end of the two-day FOMC meeting. The central bank has also indicated a 75 basis points cut in rates by 2024-end. The above-mentioned developments have attributed to bullish investor sentiments. Given the fall in rates, the higher funding costs being faced by banks will likely come down somewhat next year, thus supporting net interest income and margins. This probably drove the GBCI stock higher in last day’s trading session.
This bank holding company is expected to post quarterly earnings of $0.40 per share in its upcoming report, which represents a year-over-year change of -44.4%. Revenues are expected to be $193.4 million, down 16.8% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Glacier Bancorp, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on GBCI 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 >>>>
Glacier Bancorp is a member of the Zacks Banks - West industry. One other stock in the same industry, Columbia Banking COLB, finished the last trading session 7.2% higher at $27.84. COLB has returned 13.5% over the past month.
Columbia Banking's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.79. Compared to the company's year-ago EPS, this represents a change of -15.1%. Columbia Banking 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 credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows.
It could rival or surpass other recent 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
Glacier Bancorp, Inc. (GBCI) : Free Stock Analysis Report
Columbia Banking System, Inc. (COLB) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This bank holding company is expected to post quarterly earnings of $0.40 per share in its upcoming report, which represents a year-over-year change of -44.4%. It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. It could rival or surpass other recent Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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This bank holding company is expected to post quarterly earnings of $0.40 per share in its upcoming report, which represents a year-over-year change of -44.4%. Columbia Banking's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.79. Click to get this free report Glacier Bancorp, Inc. (GBCI) : Free Stock Analysis Report Columbia Banking System, Inc. (COLB) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Glacier Bancorp is a member of the Zacks Banks - West industry. Click to get this free report Glacier Bancorp, Inc. (GBCI) : Free Stock Analysis Report Columbia Banking System, Inc. (COLB) : Free Stock Analysis Report To read this article on Zacks.com click here.
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This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. One other stock in the same industry, Columbia Banking COLB, finished the last trading session 7.2% higher at $27.84. Columbia Banking's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.79.
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1825b31e-6444-47ea-bb19-9e74f8d8979b
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713203.0
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2023-12-12 00:00:00 UTC
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KeyCorp (KEY) Surges 5.8%: Is This an Indication of Further Gains?
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DCOMP
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https://www.nasdaq.com/articles/keycorp-key-surges-5.8%3A-is-this-an-indication-of-further-gains
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nan
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nan
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KeyCorp KEY shares soared 5.8% in the last trading session to close at $14.77. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 14.5% gain over the past four weeks.
The Federal Reserve has signaled an end to the current rate hike cycle by keeping interest rates unchanged at the 22-year high of 5.25-5.5% at the end of the two-day FOMC meeting. The central bank has also indicated a 75 basis points cut in rates by 2024-end. The above-mentioned developments have attributed to bullish investor sentiments. Given the fall in rates, the higher funding costs being faced by banks will likely come down somewhat next year, thus supporting net interest income and margins. This probably drove the KEY stock higher in last day’s trading session.
This company is expected to post quarterly earnings of $0.24 per share in its upcoming report, which represents a year-over-year change of -36.8%. Revenues are expected to be $1.55 billion, down 17.9% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For KeyCorp, the consensus EPS estimate for the quarter has been revised 2.6% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on KEY 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 >>>>
KeyCorp is part of the Zacks Banks - Major Regional industry. State Street Corporation STT, another stock in the same industry, closed the last trading session 2.5% higher at $78.55. STT has returned 9.9% in the past month.
For State Street Corporation, the consensus EPS estimate for the upcoming report has changed +0.5% over the past month to $1.80. This represents a change of -13% from what the company reported a year ago. State Street Corporation currently has a Zacks Rank of #3 (Hold).
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows.
It could rival or surpass other recent 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
KeyCorp (KEY) : Free Stock Analysis Report
State Street Corporation (STT) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Given the fall in rates, the higher funding costs being faced by banks will likely come down somewhat next year, thus supporting net interest income and margins. It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. It could rival or surpass other recent Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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State Street Corporation STT, another stock in the same industry, closed the last trading session 2.5% higher at $78.55. For State Street Corporation, the consensus EPS estimate for the upcoming report has changed +0.5% over the past month to $1.80. Click to get this free report KeyCorp (KEY) : Free Stock Analysis Report State Street Corporation (STT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> KeyCorp is part of the Zacks Banks - Major Regional industry. Click to get this free report KeyCorp (KEY) : Free Stock Analysis Report State Street Corporation (STT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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This company is expected to post quarterly earnings of $0.24 per share in its upcoming report, which represents a year-over-year change of -36.8%. State Street Corporation STT, another stock in the same industry, closed the last trading session 2.5% higher at $78.55. For State Street Corporation, the consensus EPS estimate for the upcoming report has changed +0.5% over the past month to $1.80.
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f147eba7-d6cc-40a2-a1fc-dc7b1de5b777
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713204.0
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2023-12-12 00:00:00 UTC
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Nordson (NDSN) Q4 Earnings Beat Estimates, Revenues Rise Y/Y
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DCOMP
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https://www.nasdaq.com/articles/nordson-ndsn-q4-earnings-beat-estimates-revenues-rise-y-y
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nan
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Nordson Corporation’s NDSN fourth-quarter fiscal 2023 (ended Oct 31, 2023) adjusted earnings (excluding 24 cents from non-recurring items) of $2.46 per share surpassed the Zacks Consensus Estimate of $2.40 per share. The bottom line increased 0.8% year over year.
Revenue Details
In the reported quarter, Nordson’s revenues were $719.3 million, increasing 5.2% from the year-ago fiscal quarter’s number due to solid momentum in the Industrial Precision Solutions segment. Revenues beat the Zacks Consensus Estimate of $707 million.
Organic sales declined 3.1% due to softness in electronics dispense and biopharma product lines. Acquisitions/divestitures had a positive impact of 6.9% while foreign currency translation had a positive impact of 1.4%.
On a regional basis, revenues from the Asia Pacific region increased 2.4% to $219.4 million. Revenues generated from Europe increased 11.2% to $184.3 million while the metric in the Americas increased 3.9% to $315.6 million.
Nordson started reporting revenues under three segments effective Aug 1, 2022. The segments are Industrial Precision Solutions, Medical and Fluid Solutions, and Advanced Technology Solutions. A brief snapshot of the segmental sales is provided below:
Revenues from Industrial Precision Solutions amounted to $405.4 million in the quarter under review, up 14% from the year-ago fiscal quarter’s level. The segment contributed 56.4% to NDSN’s top line in the quarter.
Organic sales increased 4.4% from the year-ago fiscal quarter’s level. Foreign currency translation had a positive impact of 2.4%.
Revenues from Medical and Fluid Solutions amounted to $168.6 million in the quarter under review, down 7% from the year-ago fiscal quarter’s level. The segment contributed 23.4% to NDSN’s top line in the reported quarter.
Organic sales decreased 7.6% from the year-ago fiscal quarter’s level.
Advanced Technology Solutions’ sales were $145.2 million, down 0.9% from the year-ago fiscal quarter’s figure. The metric represented 20.2% of Nordson’s revenues in the period.
Organic sales decreased 16.4% from the year-ago fiscal quarter’s level. Acquisitions/divestitures had a positive impact of 15% while foreign currency translation had a positive impact of 0.5%.
Nordson Corporation Price, Consensus and EPS Surprise
Nordson Corporation price-consensus-eps-surprise-chart | Nordson Corporation Quote
Margin Profile
In the reported quarter, Nordson’s cost of sales increased 4.6% from the year-ago fiscal quarter’s level to $335.2 million. Gross profit was $384.1 million, up 5.8% from the year-ago fiscal quarter’s level. The gross margin increased 30 basis points to 53.4%.
Selling and administrative expenses increased 7.3% year over year to $199.1 million. Adjusted EBITDA was $227.1 million, the margin being 32%. The adjusted operating income in the reported quarter was $195.8 million, increasing 10.3% year on year. The adjusted operating margin of 27% increased 100 bps from the year-ago period.
Net interest expenses totaled $25.9 million, reflecting a 408.8% increase from the year-ago fiscal quarter’s level.
Balance Sheet & Cash Flow
At the time of exiting fiscal 2023, Nordson’s cash and cash equivalents were $115.7 million compared with $163.5 million recorded at the end of the fourth quarter of fiscal 2022. Long-term debt was $1,621.4 million compared with $345.3 million recorded at the end of the fourth quarter of fiscal 2022.
In fiscal 2023, NDSN generated net cash of $641.3 million from operating activities, up 25% from the last fiscal year’s tally. Capital invested in purchasing property, plant and equipment totaled $34.6 million, decreasing 32.8% from the year-ago fiscal period.
Dividends & Share Buyback
In fiscal 2023, Nordson paid out dividends amounting to $150.4 million, up 19.4% from $125.9 million in the same period of the previous fiscal year.
Nordson’s treasury purchase shares amounted to $89.7 million in fiscal 2023, decreasing from $262.9 million in the last fiscal year.
Fiscal 2024 Outlook
For fiscal 2024 (ending October 2024), Nordson anticipates adjusted earnings to increase 1-8% from the year-ago period. Sales are expected to increase 4-9% from the previous fiscal year’s reported number.
Zacks Rank & Stocks to Consider
Nordson currently carries a Zacks Rank #3 (Hold). Some better-ranked companies from the Industrial Products sector are discussed below:
Flowserve Corporation FLS presently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
FLS delivered a trailing four-quarter average earnings surprise of 27.3%. In the past 60 days, the Zacks Consensus Estimate for Flowserve’s 2023 earnings has increased 3.1%. The stock has risen 38.4% in the past year.
Applied Industrial Technologies, Inc. AIT presently carries a Zacks Rank of 2. It has a trailing four-quarter average earnings surprise of 13.9%.
The consensus estimate for AIT’s fiscal 2024 earnings has increased 3.3% in the past 60 days. Shares of Applied Industrial have jumped 40.9% in the past year.
A. O. Smith Corporation AOS currently carries a Zacks Rank of 2. The company delivered a trailing four-quarter average earnings surprise of 14%.
In the past 60 days, the consensus estimate for A. O. Smith’s 2023 earnings has improved 4.4%. The stock has risen 43.8% in the past year.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows.
It could rival or surpass other recent Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
A. O. Smith Corporation (AOS) : Free Stock Analysis Report
Flowserve Corporation (FLS) : Free Stock Analysis Report
Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report
Nordson Corporation (NDSN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Capital invested in purchasing property, plant and equipment totaled $34.6 million, decreasing 32.8% from the year-ago fiscal period. It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. It could rival or surpass other recent Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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The segments are Industrial Precision Solutions, Medical and Fluid Solutions, and Advanced Technology Solutions. Nordson Corporation Price, Consensus and EPS Surprise Nordson Corporation price-consensus-eps-surprise-chart | Nordson Corporation Quote Margin Profile In the reported quarter, Nordson’s cost of sales increased 4.6% from the year-ago fiscal quarter’s level to $335.2 million. Click to get this free report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Flowserve Corporation (FLS) : Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report Nordson Corporation (NDSN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Revenue Details In the reported quarter, Nordson’s revenues were $719.3 million, increasing 5.2% from the year-ago fiscal quarter’s number due to solid momentum in the Industrial Precision Solutions segment. Nordson Corporation Price, Consensus and EPS Surprise Nordson Corporation price-consensus-eps-surprise-chart | Nordson Corporation Quote Margin Profile In the reported quarter, Nordson’s cost of sales increased 4.6% from the year-ago fiscal quarter’s level to $335.2 million. Click to get this free report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Flowserve Corporation (FLS) : Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report Nordson Corporation (NDSN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Revenue Details In the reported quarter, Nordson’s revenues were $719.3 million, increasing 5.2% from the year-ago fiscal quarter’s number due to solid momentum in the Industrial Precision Solutions segment. Nordson Corporation Price, Consensus and EPS Surprise Nordson Corporation price-consensus-eps-surprise-chart | Nordson Corporation Quote Margin Profile In the reported quarter, Nordson’s cost of sales increased 4.6% from the year-ago fiscal quarter’s level to $335.2 million. Nordson’s treasury purchase shares amounted to $89.7 million in fiscal 2023, decreasing from $262.9 million in the last fiscal year.
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713205.0
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2023-12-12 00:00:00 UTC
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1 Red Flag for Upstart Stock in 2024 (and Beyond)
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DCOMP
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https://www.nasdaq.com/articles/1-red-flag-for-upstart-stock-in-2024-and-beyond
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nan
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nan
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Upstart (NASDAQ: UPST) shares have been a big winner this year, as they have skyrocketed a jaw-dropping 230% (as of Dec. 14). Investors are becoming more optimistic about this business once again.
However, the shares still are about 90% below their all-time high. So this lending-focused fintech stock might be on your radar as a potential investment opportunity to buy on the dip.
There's one huge red flag that the business could face in 2024 and beyond, though, that will temper your expectations. Here's what you should know about Upstart.
Upstart has sizable potential
By integrating machine learning and artificial intelligence (AI), Upstart has developed an innovative lending platform that can more accurately assess borrowers' creditworthiness. Whereas the traditional FICO model looks at just five variables, Upstart considers more than 1,600 factors. The result is a system that approves more loans and keeps defaults under control. Moreover, credit availability increases for people who might struggle to get approved via regular methods and channels.
As we've seen this year, there is no shortage of bullishness when it comes to the potential of AI. In Upstart's case, it has already found a real-world use case by mixing this technology with lending. There is clear demand, which is something a lot of AI start-ups can't say.
Since its founding in 2012, Upstart's platform has helped to originate $35 billion worth of loans. But that figure barely scratches the surface of the bigger opportunity. Across four lending segments -- personal, auto, home, and small business loans -- the annual origination value of $4 trillion in the U.S. gives Upstart a huge runway.
Upstart certainly has a lot of growth potential, should everything work out in its favor and it gains greater adoption. This is what bullish investors are hoping for.
Investors can't ignore a key red flag
Almost two years ago, the Federal Reserve started to admit that inflationary pressures weren't transitory after all. This forced the central bank to embark on aggressive interest rate hikes in 2022 and 2023. These tighter credit conditions have an effect on all businesses, but those that are exposed to lending activity are affected the most.
This points to the major red flag about Upstart's business that investors need to understand. That's the undeniable fact that this company is overly sensitive to macro factors, which it has absolutely no control over.
On the one hand, Upstart benefits tremendously in low-rate environments. In 2021, revenue surged 264%, which helped propel the stock to its peak price late that year.
But on the other hand, when rates go up and stay up, demand for loans dwindles. In the third quarter, Upstart's platform originated 34% fewer loans than in the year-ago period. Revenue declined 14%, and the business posted a net loss of $40 million.
This is not something that gives me confidence as an investor. If higher interest rates are the new normal, at least for a while, it will definitely create a more difficult macro backdrop for Upstart to register strong growth and rising profits. And this could pressure the stock.
I'm not smart enough to accurately predict when the economic mood will turn from uncertainty and pessimism to optimism and enthusiasm. I don't think there are any investors who can do this on a consistent basis. This makes owning Upstart a risky endeavor.
Changes in interest rates are unpredictable. As they relate to Upstart, this will be the key theme to watch in 2024. Depending on how things play out, they can be a headwind or a tailwind for the company. This uncertainty, though, is a red flag -- and it's why I'm staying away from the stock.
Should you invest $1,000 in Upstart right now?
Before you buy stock in Upstart, 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 Upstart 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
Neil Patel and his clients have no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Upstart. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Across four lending segments -- personal, auto, home, and small business loans -- the annual origination value of $4 trillion in the U.S. gives Upstart a huge runway. If higher interest rates are the new normal, at least for a while, it will definitely create a more difficult macro backdrop for Upstart to register strong growth and rising profits. I'm not smart enough to accurately predict when the economic mood will turn from uncertainty and pessimism to optimism and enthusiasm.
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Investors can't ignore a key red flag Almost two years ago, the Federal Reserve started to admit that inflationary pressures weren't transitory after all. Before you buy stock in Upstart, 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 Upstart wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Neil Patel and his clients have no position in any of the stocks mentioned.
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Upstart has sizable potential By integrating machine learning and artificial intelligence (AI), Upstart has developed an innovative lending platform that can more accurately assess borrowers' creditworthiness. Before you buy stock in Upstart, 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 Upstart wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Neil Patel and his clients have no position in any of the stocks mentioned.
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Investors are becoming more optimistic about this business once again. Here's what you should know about Upstart. Before you buy stock in Upstart, 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 Upstart wasn't one of them.
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753b43e4-8139-4682-b1c6-41015cb0e2a2
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713206.0
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2023-12-12 00:00:00 UTC
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Cathie Wood Has Doubled Down on This Top Artificial Intelligence (AI) Stock, and You Should Consider Buying It Before It Jumps 8x
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DCOMP
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https://www.nasdaq.com/articles/cathie-wood-has-doubled-down-on-this-top-artificial-intelligence-ai-stock-and-you-should
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nan
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nan
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Cathie Wood -- the founder and CEO of ARK Invest -- is a widely followed investor on Wall Street thanks to her strategy of investing in disruptive and innovative companies, and this strategy has reaped rich rewards in 2023 as her flagship exchange-traded fund, the ARK Innovation ETF has gained an impressive 60% this year.
ARK Innovation slid big time in 2021 and 2022 as some of the fund's key holdings were hit by the reopening of offices, rising inflation, recession fears, and the subsequent sell-off in tech stocks. However, the fund's impressive comeback in 2023 indicates that Wood's commitment to her strategy could indeed pay off in the long run despite periods of volatility in the short run. Not surprisingly, Wood focuses on an investment timeline of five years, and ARK Innovation ETF's surge in 2023 tells us that investors following her strategy need to be prepared for some volatility if they are to achieve high growth over a longer period.
Wood is now loading up on shares of Palantir Technologies (NYSE: PLTR), a company that's known for building and deploying software platforms for federal agencies, and that some expect will win big from the growing adoption of artificial intelligence (AI) software platforms. It is worth noting that Palantir stock has surged an impressive 177% in 2023. So, the fact that ARK Invest is scooping up the company's shares even after such remarkable gains suggests that Wood is confident of even more upside.
Wood doubles down on Palantir stock
On Dec. 6, the ARK Innovation ETF bought 1.2 million shares of Palantir, nearly doubling its stake in the company. The fund had previously purchased 525,000 shares of Palantir in August and roughly 745,000 shares in September. Wood's latest move came amid a correction in Palantir stock. It has lost over 12% of its value so far in December, a decline driven in part by negative analyst commentary.
William Blair analyst Louie DiPalma recently asserted that a four-year contract worth $458 million that the U.S. Army awarded to Palantir in December 2019 may be downsized when it is renewed. DiPalma pointed out that the new contract could be worth only $116 million and would run for two years, as additional vendors are likely to get a share of the work.
Wood, however, sees this dip as an opportunity. That's not surprising, as the celebrated investor is focusing on the bigger picture. Though the company currently gets 55% of its revenue from government contracts, its commercial business revenues are increasing at a rapid pace. In the third quarter, Palantir reported a 23% year-over-year increase in commercial revenue to $251 million, outpacing its 12% growth in government-related revenue.
The company also reported a 45% year-over-year increase in its commercial customer count last quarter, outpacing the 34% growth in its overall customer count. Artificial intelligence (AI) seems to be playing a central role in driving the growth in its commercial customer base. That's because there is robust demand for the Palantir Artificial Intelligence Platform (AIP), which was launched in May this year.
In his recent letter to shareholders, CEO Alex Karp wrote:
The reacceleration in the growth of our U.S. commercial business, the new and emerging center of our company, is aided by the growing demand that we are seeing for our new Artificial Intelligence Platform (AIP), which was released only months ago.
He added that "companies across industries in the United States are scrambling to deploy software platforms that will allow them to leverage the power of the latest large language models." The Palantir AIP is being deployed in multiple industries ranging from healthcare to retail to electronics manufacturing. Palantir says that it nearly tripled the number of AIP users in the third quarter.
Palantir is now looking to improve the adoption of AIP through "boot camps," where it will teach customers how to deploy and make the most of the platform. Management pointed out on the earnings conference call in November that organizations attending its boot camps have seen substantial improvements in their operations. The company also said that it is witnessing "vast improvements on [sic] our unit economics from initial contact to customer conversion, all while accelerating new customer negotiations."
Palantir conducted boot camps for 140 organizations last month. This could translate into stronger adoption of AIP and help accelerate the company's growth.
The stock is expensive, but it could justify its valuation
Palantir stock is trading at nearly 19 times trailing 12-month sales. That seems on the higher side considering the company's revenue is expected to increase by just 16% this year to $2.22 billion. However, its potential to capitalize on part of what some view as a $1 trillion revenue opportunity in the AI software market could help it grow into its valuation.
In addition, Wall Street analysts expect Palantir's earnings to grow at an annualized rate of 85% over the next five years. That implies a bottom line of $5.40 per share by the end of 2028 -- if it delivers the massive growth that analysts are forecasting. Multiplying the projected earnings by the Nasdaq-100's forward price-to-earnings ratio of 27 as a proxy for the average tech stock, and assuming the index's valuation remains unchanged over that period, it implies a stock price of $146 -- more than eight times its current share price.
All this makes Palantir a top growth stock to seriously consider for your portfolio following its pullback, which is exactly what Wood has been doing.
Should you invest $1,000 in Palantir Technologies right now?
Before you buy stock in Palantir Technologies, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Palantir Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 11, 2023
Harsh Chauhan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Palantir Technologies. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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ARK Innovation slid big time in 2021 and 2022 as some of the fund's key holdings were hit by the reopening of offices, rising inflation, recession fears, and the subsequent sell-off in tech stocks. Not surprisingly, Wood focuses on an investment timeline of five years, and ARK Innovation ETF's surge in 2023 tells us that investors following her strategy need to be prepared for some volatility if they are to achieve high growth over a longer period. In his recent letter to shareholders, CEO Alex Karp wrote: The reacceleration in the growth of our U.S. commercial business, the new and emerging center of our company, is aided by the growing demand that we are seeing for our new Artificial Intelligence Platform (AIP), which was released only months ago.
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In the third quarter, Palantir reported a 23% year-over-year increase in commercial revenue to $251 million, outpacing its 12% growth in government-related revenue. The company also reported a 45% year-over-year increase in its commercial customer count last quarter, outpacing the 34% growth in its overall customer count. In addition, Wall Street analysts expect Palantir's earnings to grow at an annualized rate of 85% over the next five years.
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Wood is now loading up on shares of Palantir Technologies (NYSE: PLTR), a company that's known for building and deploying software platforms for federal agencies, and that some expect will win big from the growing adoption of artificial intelligence (AI) software platforms. Wood doubles down on Palantir stock On Dec. 6, the ARK Innovation ETF bought 1.2 million shares of Palantir, nearly doubling its stake in the company. Before you buy stock in Palantir Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Palantir Technologies wasn't one of them.
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Cathie Wood -- the founder and CEO of ARK Invest -- is a widely followed investor on Wall Street thanks to her strategy of investing in disruptive and innovative companies, and this strategy has reaped rich rewards in 2023 as her flagship exchange-traded fund, the ARK Innovation ETF has gained an impressive 60% this year. Not surprisingly, Wood focuses on an investment timeline of five years, and ARK Innovation ETF's surge in 2023 tells us that investors following her strategy need to be prepared for some volatility if they are to achieve high growth over a longer period. Palantir is now looking to improve the adoption of AIP through "boot camps," where it will teach customers how to deploy and make the most of the platform.
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713207.0
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2023-12-12 00:00:00 UTC
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Only 30% of Americans 18-29 Feel on Track for Retirement; 3 Stocks They Should Buy Now and Hold for Decades.
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DCOMP
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https://www.nasdaq.com/articles/only-30-of-americans-18-29-feel-on-track-for-retirement-3-stocks-they-should-buy-now-and
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nan
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nan
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While many young Americans might be statistically behind on retirement planning, the good news is that people under the age of 30 still have a lot of time to catch up. Time is the friend of a long-term investor, and Americans in their 20s still have plenty of it.
Even starting with no savings, if you saved $500 per month at a 10% annual return (the average market return over the last century), your stocks would be worth $8.6 million in 50 years. Doubling your monthly savings or slightly increasing the rate of return would increase that amount substantially.
If you're already maximizing your retirement savings and want to outperform the average market return to hit your financial goals sooner, it can be done with the right growth stocks. The key is to invest your money in established companies that are demonstrating leadership in their respective markets and have already been growing for several years. These winners can usually be found among the brands and services you use every day.
Here's a look at three outstanding companies that have strung together several years of above-average growth as they've benefited from promising megatrends in artificial intelligence, athletic apparel, and e-commerce. They should be surefire bets for outperformance over the long term.
1. Microsoft
You can get off to a good start by buying shares of Microsoft (NASDAQ: MSFT). The reason is simple: artificial intelligence (AI) is one of the biggest growth opportunities of our time, and it positions the software giant for profitable growth over the long term. It's also drowning in cash, giving it ample resources to invest in cutting-edge technologies.
Microsoft generated $63 billion of free cash flow -- a key measure of a company's profitability -- on $218 billion of revenue over the last year.
Revenue grew 13% year over year in the most recent quarter, but Microsoft's cloud computing business, which is starting to benefit from growing demand for AI services, continues to be the standout, generating $31.8 billion in revenue last quarter, up 24% year over year.
"We are rapidly infusing AI across every layer of the tech stack and for every role and business process to drive productivity gains for our customers," CEO Satya Nadella said.
While companies will increasingly turn to Microsoft's cloud solutions, Microsoft Copilot and the new AI-powered Bing search feature should see growing demand on the consumer side. Microsoft is charging $30 per month, per user for Copilot, which brings generative AI tools to Word, Excel, and other Microsoft 365 applications.
Over the last 10 years, Microsoft's total revenue grew 10.5% per year, with higher margins increasing profits, or earnings per share, by 14%. AI services should drive more demand for Microsoft's core software products, Windows, and the Azure enterprise cloud service business, leading to solid returns for retirement savers.
2. Lululemon Athletica
Another growing market that is a safe bet for the long haul is athletic apparel. This has been a steadily growing segment of the apparel industry for many years. Nike is the leader with $51 billion in annual revenue, but Lululemon Athletica (NASDAQ: LULU) seems to be the next global athletic brand in the making. With $9 billion in annual revenue, it has a long way to go to catch Nike, but its record of growth looks promising.
Lululemon shares are up around 725% since 2013. Revenue is on pace to grow 18% this year, and there's still a tremendous opportunity ahead.
Lululemon is differentiating its brand by capturing two powerful trends. It serves consumers looking for premium workout gear, while also offering an assortment that meets the growing demand for comfortable wear suitable for the office.
The result is 19.5% annual revenue growth over the last decade. Management is guiding for about 15% annualized growth through 2026.It will likely keep growing at double-digit rates well beyond 2026.
Lululemon is still in the early stages of expanding in emerging markets. It grew international revenue by a whopping 49% year over year last quarter, and is still showing double-digit growth in North America.
Lululemon has been on an upward trajectory since its founding more than 20 years ago. However, in 2022 management estimated its market share at only 1% of its total addressable market of $650 billion. If you're interested in simple stocks that can beat the market, Lululemon is a good candidate.
3. Shopify
It's smart to think about ways AI will benefit the economy, and which stocks will benefit. A promising market to consider is the $5 trillion e-commerce market, and one of the top stocks to consider here is Shopify (NYSE: SHOP).
Shopify provides software tools to help businesses of all sizes launch online storefronts, manage sales, and make payments, among many other capabilities. From 2017 through 2022, the company grew revenue from $673 million to $5.6 billion.
An important quality of Shopify's business is that it generates recurring revenue from subscriptions, but it also shares in merchants' success by earning a percentage of payment processing fees, shipping labels, and other transaction services. Merchant services revenue grew 24% year over year in the third quarter and made up 70% of the business.
Shopify has a long runway of growth. E-commerce has been gaining share of total retail spending for 20 years, but it still represents less than 15% of consumer spending in the U.S. New technologies like virtual try-on services powered by AI will serve as catalysts for the e-commerce market.
Shopify is already investing in AI to stimulate demand for its platform. It recently launched Shopify Magic, which is an assistant that integrates with merchants' data and speeds up productivity in areas like marketing and customer support, among other tasks.
Shopify is the operating system for business, with major tailwinds behind it. It only has a 10% share of U.S. e-commerce spending, but it's also operating in a growing e-commerce market that should deliver market-beating returns for a long time.
Should you invest $1,000 in Microsoft right now?
Before you buy stock in Microsoft, 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 Microsoft 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
John Ballard has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Lululemon Athletica, Microsoft, Nike, and Shopify. The Motley Fool recommends the following options: long January 2025 $47.50 calls on Nike. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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"We are rapidly infusing AI across every layer of the tech stack and for every role and business process to drive productivity gains for our customers," CEO Satya Nadella said. An important quality of Shopify's business is that it generates recurring revenue from subscriptions, but it also shares in merchants' success by earning a percentage of payment processing fees, shipping labels, and other transaction services. It recently launched Shopify Magic, which is an assistant that integrates with merchants' data and speeds up productivity in areas like marketing and customer support, among other tasks.
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Revenue grew 13% year over year in the most recent quarter, but Microsoft's cloud computing business, which is starting to benefit from growing demand for AI services, continues to be the standout, generating $31.8 billion in revenue last quarter, up 24% year over year. Over the last 10 years, Microsoft's total revenue grew 10.5% per year, with higher margins increasing profits, or earnings per share, by 14%. The Motley Fool has positions in and recommends Lululemon Athletica, Microsoft, Nike, and Shopify.
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Revenue grew 13% year over year in the most recent quarter, but Microsoft's cloud computing business, which is starting to benefit from growing demand for AI services, continues to be the standout, generating $31.8 billion in revenue last quarter, up 24% year over year. Over the last 10 years, Microsoft's total revenue grew 10.5% per year, with higher margins increasing profits, or earnings per share, by 14%. Before you buy stock in Microsoft, 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 Microsoft wasn't one of them.
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Revenue grew 13% year over year in the most recent quarter, but Microsoft's cloud computing business, which is starting to benefit from growing demand for AI services, continues to be the standout, generating $31.8 billion in revenue last quarter, up 24% year over year. With $9 billion in annual revenue, it has a long way to go to catch Nike, but its record of growth looks promising. Lululemon shares are up around 725% since 2013.
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713208.0
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2023-12-12 00:00:00 UTC
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Generate Passive Income with These 7 Monthly Dividend REITs
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DCOMP
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https://www.nasdaq.com/articles/generate-passive-income-with-these-7-monthly-dividend-reits
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
One of the best ways to protect your portfolio, and generate consistent income is buying REITs with monthly dividends. Even better, with interest rates likely to come down in the new year, REITs may become even more attractive.
Plus, at the moment, most REITs are cheap, just starting to recover, and paying higher yields than your average stock. That being said, here are seven red-hot REITs with monthly dividends.
Realty Income (O)
Source: Shutterstock
The last time I mentioned Realty Income (NYSE:O) it traded around $54 on Nov. 27.
Today it’s up to $56.62 and could push even higher. Now, if it can break above resistance dating back to early August, it could potentially retest $62.
Inflation is cooling off and its retail tenants could see higher consumer spending, resulting in high occupancy rate for the REIT.
Realty Income also yields 5.43%, and just declared its 123rd dividend increase to $0.2565 per share from $0.2560 per share. The dividend is payable on Jan. 12, 2024, to stockholders of record as of Jan. 2, 2024. It’s one of the top REITs with monthly dividends to buy and hold.
AGNC Investment (AGNC)
Source: Shutterstock
I also mentioned AGNC Investment (NASDAQ:AGNC) on Nov. 27, as it traded around $8.50. It’s now up to $9.37, and could soon retest $10 a share.
As I noted at the time, its yield of 15.37% is attractive. Analysts were getting bullish, with Bank of America, for example, raising its price target to $8.75 from $7.50.
Billionaires were jumping on board, too. In fact, according to Motley Fool contributor Sean Williams, Steven Cohen of Point72 Asset Management picked up 991,743 shares.
Plus, the REIT just declared a monthly dividend payout of 12 cents a share, which is payable Jan. 10 to shareholders of record as of Dec. 29. In short, there’s a lot to like about AGNC, another one of the top REITs with monthly dividends. Plus, you can get paid to wait for it to recover.
Agree Realty (ADC)
Source: Pavel Kapysh / Shutterstock.com
There was also Agree Realty (NYSE:ADC). On Nov. 27, it traded around $57, and is now up to $61.90. From here, I’d initially like to see it retest $68, with a few solid catalysts.
For one, it carries a yield of about 4.8%. Two, its CEO recently bought 4,000 shares in early October. And three, its client base should benefit well from lower inflation and lower interest rates in 2024.
ADC also just declared a monthly dividend of $0.247 per share, which is payable Jan. 16 to shareholders of record as of Dec. 29. Earnings haven’t been too shabby either. Core funds from operations in Q3 surpassed expectations by one cent, totaling $1. Revenue exceeded expectations by $1.84 million, reaching $136.81 million, a 24.3% increase compared to last year.
SL Green Realty Corp. (SLG)
Source: Shutterstock
We can also look at SL Green Realty Corp. (NYSE:SLG), which just ran from about $29.86 to a high of $45.46. From here, if it can break through overhead resistance dating back to August 2022, it could potentially retest $55 a share.
Even better, with a yield of 6.6%, the REIT, which focuses on office buildings and shopping centers in New York City, declared a monthly dividend of 25 cents a share.
It’s payable Jan. 16 to shareholders of record as of Dec. 29. This is another one of the top REITs with monthly dividends that will benefit from a lower interest rate environment in the new year.
EPR Properties (EPR)
Source: Shutterstock
Or, we can look at EPR Properties (NYSE:EPR), which yields 6.9%. Since the end of October, the REIT ran from about $40 to nearly $48, and could see higher highs. It also just declared a monthly dividend of $0.275, which is payable Dec. 15 to shareholders of record as of Nov. 30.
EPR just raised guidance for funds from operations as adjusted thanks to deferral collections.
“We are pleased to see the ongoing stabilization of our portfolio as the restructured master lease agreement with Regal became effective in the quarter, and we continue to see a strong recovery at the box office,” said President and CEO Greg Silvers, as quoted by Seeking Alpha.
LTC Properties (LTC)
Source: Juice Flair / Shutterstock.com
There’s also LTC Properties (NYSE:LTC), which manages senior housing and long-term care facilities.
The REIT announced a $0.19 per share monthly cash dividend for October, November, and December 2023, payable on October 31, November 30, and December 29, 2023, respectively.
Plus, with an investment portfolio of 213 properties in 29 states with 29 operating partners, the REIT has also been explosive. Since bottoming out around $30.25 in October, it’s now up to $33.71. From here, I’d like to see it retest $34.75 initially.
Earnings haven’t been too shabby here either. Its FFO of 65 cents in the third quarter exceeded expectations by a penny. Revenue of $49.3 million surpassed expectations by $1.32 million, with a YoY increase of 13.3%.
Apple Hospitality (APLE)
Source: Shutterstock
On Nov. 27, I also highlighted an opportunity in Apple Hospitality (NYSE:APLE), as it traded at around $16.20.
Today, it’s up to $17.15 and could see higher highs, too. With a yield of about 5.6%, the REIT just declared an eight-cent monthly dividend, payable Dec. 15 to shareholders of record as of Nov. 30.
Earnings have also been solid, with Q3 FFO of 45 cents in line with estimates. Revenue of $385.26 million, up approximately 13% YoY, exceeded expectations by $32.44 million.
Plus, with millions of Americans taking longer vacations all over the world, some of its biggest clients will benefit.
On the date of publication, Ian Cooper did not hold (either directly or indirectly) any positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Even better, with a yield of 6.6%, the REIT, which focuses on office buildings and shopping centers in New York City, declared a monthly dividend of 25 cents a share. “We are pleased to see the ongoing stabilization of our portfolio as the restructured master lease agreement with Regal became effective in the quarter, and we continue to see a strong recovery at the box office,” said President and CEO Greg Silvers, as quoted by Seeking Alpha. 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.
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Realty Income (O) Source: Shutterstock The last time I mentioned Realty Income (NYSE:O) it traded around $54 on Nov. 27. AGNC Investment (AGNC) Source: Shutterstock I also mentioned AGNC Investment (NASDAQ:AGNC) on Nov. 27, as it traded around $8.50. The REIT announced a $0.19 per share monthly cash dividend for October, November, and December 2023, payable on October 31, November 30, and December 29, 2023, respectively.
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Plus, the REIT just declared a monthly dividend payout of 12 cents a share, which is payable Jan. 10 to shareholders of record as of Dec. 29. The REIT announced a $0.19 per share monthly cash dividend for October, November, and December 2023, payable on October 31, November 30, and December 29, 2023, respectively. With a yield of about 5.6%, the REIT just declared an eight-cent monthly dividend, payable Dec. 15 to shareholders of record as of Nov. 30.
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Realty Income (O) Source: Shutterstock The last time I mentioned Realty Income (NYSE:O) it traded around $54 on Nov. 27. Realty Income also yields 5.43%, and just declared its 123rd dividend increase to $0.2565 per share from $0.2560 per share. Plus, the REIT just declared a monthly dividend payout of 12 cents a share, which is payable Jan. 10 to shareholders of record as of Dec. 29.
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a6e1760e-eb2f-4ac4-847c-e099b565f01a
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2023-12-12 00:00:00 UTC
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This 5.6%-Yielding Dividend Stock Continues to Do an Incredible Job of Supplying Its Investors With More Income
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https://www.nasdaq.com/articles/this-5.6-yielding-dividend-stock-continues-to-do-an-incredible-job-of-supplying-its
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Realty Income (NYSE: O) is an incredible dividend stock. The real estate investment trust (REIT) goes far above and beyond other dividend payers. It pays a monthly dividend (instead of quarterly payouts), offers a high yield (5.6% versus 1.5% for the S&P 500), and routinely increases its payment (every quarter for more than a quarter century compared to annual increases).
The REIT should be able to continue providing its investors with more income in the future. That makes it an ideal option for those seeking to generate some passive income.
As predictable as it gets
Realty Income recently raised its dividend for the fifth time this year. While it was a modest pay bump (0.2% above the prior payment level), Realty Income has increased its dividend by 3.2% over the past year. The latest increase was the company's 123rd since coming public in 1994:
Image source: Realty Income.
A few factors have enabled the REIT to deliver such consistent dividend growth. It all starts with its rock-solid foundation. The REIT owns commercial real estate that produces durable income. Realty Income also has a very strong financial position.
Realty Income owns a diversified portfolio of properties (primarily retail, industrial, and gaming) that are resilient to economic downturns and isolated from the pressures of e-commerce. It leases its properties to high-quality tenants under triple-net (NNN) agreements requiring them to cover variable expenses like building insurance, real estate taxes, and maintenance. Those leases often feature annual rental-rate escalation clauses. These features enable it to collect very stable and steadily rising rental income.
The company also has a very solid financial foundation. It's one of only eight REITs with at least two A ratings by the major credit rating agencies. Meanwhile, despite its high-dividend yield, it has a conservative dividend-payout ratio for the sector (75.1% of its adjusted funds from operations (FFO) in the third quarter).
That strong financial foundation gives Realty Income the flexibility to invest in additional income-producing real estate. Those new additions combine with its growing rental income to increase its adjusted FFO per share. That allows the REIT to steadily raise its dividend.
More growth ahead
Realty Income should continue growing in the future. The REIT aims to increase its adjusted FFO per share by 4% to 5% annually over the long term. That's roughly in line with its historical rate (5% annually since 1996).
The company is in a strong position to achieve that goal next year. It agreed to acquire fellow REIT Spirit Realty in a $9.3 billion deal. Realty Income expects the transaction will boost its adjusted FFO per share by more than 2.5% next year. Meanwhile, it will enhance its size, scale, and diversification, expanding its future growth runway.
The REIT has also made a concerted effort to continue diversifying its portfolio, opening new growth pathways. For example, it recently made its first investment in the data-center sector. It's helping fund two facilities under development by data-center REIT Digital Realty that should come online next year. The initial phase will have 16 megawatts (MW) of data-center capacity that the partners could expand to 48 MW in the future.
Data centers are one of several new business verticals the company has added in recent years. It has also expanded into the gaming, vertical farming, and consumer-centric medical sectors, added a credit-investment platform, and made its first investments in Italy and Ireland. These new growth areas add to the company's already sizable investment opportunity. There's an estimated $12 trillion of real estate across the U.S. and Europe suitable for the net-lease structure.
A top-notch income stock
Realty Income is one of the top dividend stocks. It pays a high-yielding monthly dividend that it routinely increases. That steady growth should continue in 2024 and beyond. Because of that, it's a top option for those seeking a steadily rising income stream.
Should you invest $1,000 in Realty Income right now?
Before you buy stock in Realty Income, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Realty Income wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 11, 2023
Matthew DiLallo has positions in Digital Realty Trust and Realty Income. The Motley Fool has positions in and recommends Digital Realty Trust and Realty Income. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Realty Income owns a diversified portfolio of properties (primarily retail, industrial, and gaming) that are resilient to economic downturns and isolated from the pressures of e-commerce. It leases its properties to high-quality tenants under triple-net (NNN) agreements requiring them to cover variable expenses like building insurance, real estate taxes, and maintenance. It has also expanded into the gaming, vertical farming, and consumer-centric medical sectors, added a credit-investment platform, and made its first investments in Italy and Ireland.
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The real estate investment trust (REIT) goes far above and beyond other dividend payers. That strong financial foundation gives Realty Income the flexibility to invest in additional income-producing real estate. Before you buy stock in Realty Income, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Realty Income wasn't one of them.
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A top-notch income stock Realty Income is one of the top dividend stocks. Before you buy stock in Realty Income, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Realty Income wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Matthew DiLallo has positions in Digital Realty Trust and Realty Income.
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The real estate investment trust (REIT) goes far above and beyond other dividend payers. For example, it recently made its first investment in the data-center sector. Should you invest $1,000 in Realty Income right now?
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713210.0
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2023-12-12 00:00:00 UTC
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Oracle Stock Falls Again -- Is It a Top AI Stock Buy for 2024?
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https://www.nasdaq.com/articles/oracle-stock-falls-again-is-it-a-top-ai-stock-buy-for-2024
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Software titan Oracle (NYSE: ORCL) let some of its newer shareholders down recently with a disappointing report from its cloud computing segment. Shares fell about 10% immediately following the recent earnings update. For Oracle shareholders who have been around a while, though, 2023 has been nothing to complain about. Despite the recent drop, the stock is still up 23% with just weeks to go until the new year, capping off a market-beating total return (including reinvested dividends) of 250% over the last decade.
Does this recent sell-off suggest it might be time to buy Oracle stock for 2024? Let's take a closer look and try to find an answer.
What's wrong with Oracle now?
Oracle reported its financial results this week for the second quarter of fiscal 2024 (the three-month period that ended in November 2023), and it was another solid quarter. Total revenue increased 5% year over year to $12.9 billion, driven by cloud computing segment growth of 25% to $4.8 billion. Breaking the cloud segment down further revealed the following:
Infrastructure-as-a-Service (IaaS) revenue is up 52% year over year to $1.6 billion, further validating Oracle's early adoption of Nvidia's (NASDAQ: NVDA) artificial intelligence (AI) systems and software.
Software-as-a-service (SaaS) revenue -- including the Cerner healthcare software business, which was acquired in the summer of 2022 -- rose 15% year over year to $3.2 billion/
Even better, generally accepted accounting principles (GAAP) earnings per share rose 41% year over year, or 11% on an (non-GAAP) adjusted basis. That's exactly the type of profit growth performance that should please investors in a big mature business like this one.
So why the post-earnings stock slump? Hyperfocus was turned to the cloud segment, where CEO Safra Katz and Chief Technology Officer Larry Ellison had said a few months ago to expect cloud growth of at least 29%, resulting in overall revenue growth of up to 7%. Adjusted earnings-per-share growth did wind up at the high end of the outlook anyway, but the market didn't seem impressed enough with the outlook. Such are the vagaries of how the market rationalizes such things in the short term.
Oracle's new chapter could be a longer read than once hoped for
With its pivot to cloud-based infrastructure and services, paired with big bets on generative AI, Oracle has established itself in the ever-evolving fabric of the tech sector in the years ahead. Nevertheless, as I pointed out in October following the company's AI event, some investors were expecting elevated growth for Oracle Cloud would kick in far sooner.
Put simply, Oracle's buildout of AI infrastructure (again, thanks in no small part to Nvidia) is going to take time. And that infrastructure trickling down to higher software service growth may take even longer. Additionally, there's been a general slowdown in cloud software spending in 2023, and Oracle (except for its IaaS segment) hasn't been exempt.
But here's the good news: Even at just a mere single-digit revenue growth rate, Oracle is still stoking low-teens-percentage earnings-per-share growth from its lumbering cloud operation. Q3 fiscal 2024 (which ends in February of calendar year 2024) adjusted earnings per share are expected to grow 10% to 14% year over year.
And after yet another tumble, Oracle stock now trades for about 16 times Wall Street analysts' estimates for next year's earnings, or about 22 times next year's expected free cash flow (which aligns a bit more closely with adjusted earnings). It's now a far more reasonable price tag than earlier in 2023 when Oracle's rate of expansion was being boosted by the integration of Cerner, as well as generative AI hype.
At this juncture, Oracle stock doesn't exactly look like a crazy good deal for 2024, but the value looks pretty decent for investors wanting to buy and forget an all-weather cloud stock ready for the AI era.
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
Nicholas Rossolillo and his clients have positions in Nvidia. The Motley Fool has positions in and recommends Nvidia 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.
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Despite the recent drop, the stock is still up 23% with just weeks to go until the new year, capping off a market-beating total return (including reinvested dividends) of 250% over the last decade. Nevertheless, as I pointed out in October following the company's AI event, some investors were expecting elevated growth for Oracle Cloud would kick in far sooner. It's now a far more reasonable price tag than earlier in 2023 when Oracle's rate of expansion was being boosted by the integration of Cerner, as well as generative AI hype.
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Total revenue increased 5% year over year to $12.9 billion, driven by cloud computing segment growth of 25% to $4.8 billion. Breaking the cloud segment down further revealed the following: Infrastructure-as-a-Service (IaaS) revenue is up 52% year over year to $1.6 billion, further validating Oracle's early adoption of Nvidia's (NASDAQ: NVDA) artificial intelligence (AI) systems and software. 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.
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Breaking the cloud segment down further revealed the following: Infrastructure-as-a-Service (IaaS) revenue is up 52% year over year to $1.6 billion, further validating Oracle's early adoption of Nvidia's (NASDAQ: NVDA) artificial intelligence (AI) systems and software. And after yet another tumble, Oracle stock now trades for about 16 times Wall Street analysts' estimates for next year's earnings, or about 22 times next year's expected free cash flow (which aligns a bit more closely with adjusted earnings). 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.
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Total revenue increased 5% year over year to $12.9 billion, driven by cloud computing segment growth of 25% to $4.8 billion. Q3 fiscal 2024 (which ends in February of calendar year 2024) adjusted earnings per share are expected to grow 10% to 14% year over year. 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.
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253cca0d-252f-4e35-ace3-fd271f541ce5
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713211.0
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2023-12-12 00:00:00 UTC
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Cava Group Stock: Buy, Sell, or Hold?
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DCOMP
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https://www.nasdaq.com/articles/cava-group-stock%3A-buy-sell-or-hold-0
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Cava Group (NYSE: CAVA) is a relatively new and fast-growing fast-casual restaurant chain. Given the nature of the business model, it reminds a lot of investors of Chipotle Mexican Grill (NYSE: CMG), which has been a huge success business-wise and for shareholders. However, there was a notable issue hanging over Cava's stock, which is still new to the market. It is less of an issue now, which may increase the attractiveness of the company to a lot of investors.
Cava has been described as the Mediterranean version of Chipotle
The similarities between Cava and Chipotle are pretty obvious. They both focus on a single style of food, and they both use an assembly line format when customers order. The food offered is fresh and made to order right in front of you. If you eat in one of these two restaurant concepts, you will understand how the other one works. It's part of the reason why long-term investors might want to buy Cava.
Image source: Cava Group.
A quick look at the chart below, comparing the stock price advance of Chipotle and the S&P 500 index shows the potential that investors think could exist at Cava. Notably, Cava only had 290 restaurants at the end of the third quarter compared to over 3,300 for Chipotle. Even if Cava only grows to half the size of Chipotle, there's still massive potential growth ahead for the Mediterranean restaurant chain.
CMG data by YCharts.
And, at least for now, the concept appears to be resonating well with customers. The key figure here is same-store sales, which measures results at locations that have been open for at least a year. In the third quarter, Cava's same-store sales grew 14.1%, which is massive and likely to be unsustainable over time. But it helps to compare that to Chipotle, which saw same-store sales of 5%. Customers clearly like both concepts, as they keep coming back for more, but Cava is the hotter brand at the moment based on this key industry metric.
Cava passes a milestone
This is where the story gets a little more interesting and perhaps nuanced. Chipotle has been public for years. Cava only held its initial public offering (IPO) in June 2023. When a company goes public, there are usually a number of early investors and insiders that have shares in the company that they aren't allowed to sell for a set period of time, which is known as the lock-up period. Often, there's a deluge of selling once that lock-up period ends that pushes a company's shares lower.
CAVA data by YCharts.
Cava's lock-up period ended, but the stock rose dramatically. In other words, it seems likely that early investors and insiders didn't all try to dump their shares en masse. And that suggests, perhaps, that insiders believe strongly in the future growth opportunity here -- strongly enough that they want to stick around. Investors should probably interpret this as a positive, adding to the list of reasons for buying the stock.
Cava stock is not for everyone
If you are looking for a long-term growth story, Cava will likely be appealing to you. The keys to this growth will be new restaurant openings and same-store sales, so keep an eye on both if you do buy the stock. That said, if you own it, the seemingly positive end to the lock-up period is a sign that you should, perhaps, stay invested along with the company insiders. But growth isn't going to be everyone's cup of tea and never takes place in a straight line (opening lots of restaurants increases execution risk dramatically). So, conservative investors and those seeking income (the stock doesn't pay a dividend and likely won't for a very long time, if ever) wouldn't be a good fit for the stock.
Should you invest $1,000 in Cava Group right now?
Before you buy stock in Cava 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 Cava Group wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 11, 2023
Reuben Gregg Brewer has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Chipotle Mexican Grill. The Motley Fool recommends Cava Group. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Given the nature of the business model, it reminds a lot of investors of Chipotle Mexican Grill (NYSE: CMG), which has been a huge success business-wise and for shareholders. A quick look at the chart below, comparing the stock price advance of Chipotle and the S&P 500 index shows the potential that investors think could exist at Cava. But growth isn't going to be everyone's cup of tea and never takes place in a straight line (opening lots of restaurants increases execution risk dramatically).
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Given the nature of the business model, it reminds a lot of investors of Chipotle Mexican Grill (NYSE: CMG), which has been a huge success business-wise and for shareholders. Before you buy stock in Cava 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 Cava Group wasn't one of them. The Motley Fool recommends Cava Group.
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Cava has been described as the Mediterranean version of Chipotle The similarities between Cava and Chipotle are pretty obvious. Cava stock is not for everyone If you are looking for a long-term growth story, Cava will likely be appealing to you. Before you buy stock in Cava 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 Cava Group wasn't one of them.
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Notably, Cava only had 290 restaurants at the end of the third quarter compared to over 3,300 for Chipotle. The keys to this growth will be new restaurant openings and same-store sales, so keep an eye on both if you do buy the stock. Before you buy stock in Cava 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 Cava Group wasn't one of them.
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8d36622e-97e3-4b7a-a4c7-ba1a460ca4db
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713212.0
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2023-12-12 00:00:00 UTC
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Warning: This Skyrocketing Stock Has a Hidden Risk (or Two)
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DCOMP
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https://www.nasdaq.com/articles/warning%3A-this-skyrocketing-stock-has-a-hidden-risk-or-two
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Uranium Energy (NYSEMKT: UEC) has seen its shares rocket higher over the past year, rising by roughly 100%. That's an incredible price move, and there's a chance it could keep going.
Before you step in here, however, you need to step back and dig a little deeper into the company's business. It might not be what you think.
What does Uranium Energy sell?
It isn't really a trick question to ask what Uranium Energy sells, but there are important nuances to the story. The price of uranium has been moving higher over the past year and, thus, the company's stock has moved higher, too. Selling a commodity that is going up in value generally has that effect on a company selling it. Shares of fellow uranium seller Cameco (NYSE: CCJ) are higher by roughly the same amount.
UEC data by YCharts.
Only there's an important difference between these two uranium sellers. Cameco operates uranium mines. Uranium Energy is really just building uranium mines that it plans to operate in the future. It has been generating revenue by processing and selling uranium that it purchased when uranium prices were lower.
It didn't actually sell any uranium in the fiscal second quarter, but that's not the point. Investors are basically valuing it based on the uranium it owns because, given the current price of the commodity, it can eventually sell down the stockpile of low-priced uranium it built up for a profit.
To the company's credit, it made a good call. But there's a limited runway here, since every sale it eventually makes will reduce the amount of the nuclear fuel that the company has to sell in the future. There's a lot of uranium in the stockpile, but if you buy this stock, you need to understand that it really isn't a miner just yet.
There's material execution risk at Uranium Energy
That's where the second big problem comes up. While Uranium Energy isn't really a miner yet, it does have plans to become a big one. There are a number of projects on the drawing board today across the Americas.
In fact, one of the slides in the company's December investor presentation refers to it as the "Largest, Diversified Resource Base in the Western Hemisphere"
Image source: Getty Images.
That sounds great! But most of those assets aren't currently operating. And building a mine of any kind is not easy. In fact, it can take years of effort just to get a mine approved. Then the company has the chance to build it.
Only after it is built, usually years later and at great cost, does the mine start to produce any revenue. A lot can go wrong along the way.
So, not only is there a time limit on the sale of uranium in the company's stockpile, but it also has a lot to get done building mines before the cash it generates from the sale of stockpiled uranium potentially runs out. This is not the story of a simple commodity miner.
Understand the risks
For starters, commodity price risk is huge for Uranium Energy since the value of its uranium stockpile is likely how investors are valuing the company. If uranium prices should turn sharply lower, which has happened before, the stock will probably fall along with the commodity.
But if uranium prices continue to rise, it's likely to be a big tailwind for Uranium Energy shares. You need to have a constructive view of uranium to buy in here given the huge price advance that's occurred over the past year.
And then there's the issue of building uranium mines, which is no easy task. If anything goes wrong as it builds out its operating mine portfolio, the fallout for the stock could be material as it would diminish the longer-term opportunity for the company.
If you are looking at Uranium Energy, make sure you fully understand what you are buying. More-conservative investors will probably want to stay on the sidelines.
Should you invest $1,000 in Uranium Energy right now?
Before you buy stock in Uranium Energy, 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 Uranium Energy 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
Reuben Gregg Brewer has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Uranium Energy (NYSEMKT: UEC) has seen its shares rocket higher over the past year, rising by roughly 100%. But there's a limited runway here, since every sale it eventually makes will reduce the amount of the nuclear fuel that the company has to sell in the future. If anything goes wrong as it builds out its operating mine portfolio, the fallout for the stock could be material as it would diminish the longer-term opportunity for the company.
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The price of uranium has been moving higher over the past year and, thus, the company's stock has moved higher, too. Understand the risks For starters, commodity price risk is huge for Uranium Energy since the value of its uranium stockpile is likely how investors are valuing the company. Before you buy stock in Uranium Energy, 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 Uranium Energy wasn't one of them.
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So, not only is there a time limit on the sale of uranium in the company's stockpile, but it also has a lot to get done building mines before the cash it generates from the sale of stockpiled uranium potentially runs out. Understand the risks For starters, commodity price risk is huge for Uranium Energy since the value of its uranium stockpile is likely how investors are valuing the company. Before you buy stock in Uranium Energy, 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 Uranium Energy wasn't one of them.
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What does Uranium Energy sell? There's a lot of uranium in the stockpile, but if you buy this stock, you need to understand that it really isn't a miner just yet. Before you buy stock in Uranium Energy, 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 Uranium Energy wasn't one of them.
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713213.0
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2023-12-12 00:00:00 UTC
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Can Amazon Stock Beat the Market Next Year?
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https://www.nasdaq.com/articles/can-amazon-stock-beat-the-market-next-year
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The stock market in 2023 can be summed up into three words: the "Magnificent Seven." A moniker for the seven biggest technology-focused companies that are capitalizing on multiple megatrends, the Magnificent Seven companies have been the primary fuel driving the S&P 500 up over 20% this year.
One of these stocks is Amazon (NASDAQ: AMZN), a leader in e-commerce and cloud computing. Shares have rocketed 75% higher this year after the company showed a major profit inflection compared to 2022.
Is Amazon set to beat the market yet again in 2024? Or has this stock run out of juice?
Data by YCharts.
Retail and media margin expansion will continue
The biggest difference for Amazon in 2023 compared to 2022 was the profitability of its North American retail segment, which encompasses its e-commerce division, physical retail, and all the media services that go along with Amazon Prime.
In 2022, the segment had an operating margin of -0.9% due to rising logistics costs, overbuilding during the pandemic, and wage inflation. In 2023, with inflation getting under control and the economy normalizing from the COVID-19 pandemic, this headwind has abated. Over the last 12 months, Amazon's North American division generated a 2.4% operating margin and has climbed every quarter in 2023. Last quarter, it had a 4.9% operating margin.
If we dig even deeper into the details, it looks like there is room for Amazon's North American division to see continued margin expansion in 2024. High-margin advertising and subscription services are growing quickly and now make up a larger portion of the business compared to before the pandemic. For reference, in 2019 North America had a 4.1% operating margin.
Add in increasing operating leverage at its massive scale, and I think it's plausible for Amazon's North American division to hit 10% profit margins by this time next year. On its trailing $340 billion in revenue, that equates to $34 billion in earnings. As revenue climbs higher in 2024 and beyond, this earnings inflection should only continue.
The next leg of cloud computing growth
Retail is finally generating some profits, but the real high-margin business at Amazon is Amazon Web Services (AWS). The cloud computing division is closing in on $100 billion in annual revenue and sports healthy operating margins above 25%. As the leader in this fast-growing market, AWS has plenty of years left to grow sales at a double-digit rate. Over the last 12 months, revenue is up 15% year over year to $88 billion.
Even more good news showed up at its doorstep late last year with the explosion of artificial intelligence (AI) tools such as OpenAI's ChatGPT. While Microsoft is a primary financial backer for ChatGPT, there is plenty of AI spending, and AWS should be able to capture a decent share of the pie.
These new AI tools require massive amounts of computing, and the most efficient way to get this computing power is through cloud computing giants like AWS. For example, the company just signed a $4 billion investment with AI upstart Anthropic, most of which will go to spending at AWS.
At $100 billion in revenue and 25% profit margins, that equates to $25 billion in earnings that -- like the North American retail segment -- are poised to climb higher over the next few years and beyond.
But is the stock cheap?
Even if we assign zero value to its international operations (which have consistently lost money), Amazon stock does not look expensive. Adding up these profit estimates, the company should be generating $59 billion in earnings before taxes within a year or two. At a market cap of $1.5 trillion, the stock has a forward price-to-earnings ratio (P/E) of 25, or right around the market average, based on these estimates.
For a business that still has a long runway to grow this decade, a market average P/E suggests a bargain. As such, I think shares of Amazon can beat the market again in 2024.
More importantly, it looks like a great business to own for the long term, which is where most investors should have their attention focused. Hold on to shares of Amazon for the next decade and watch your portfolio grow in value.
Should you invest $1,000 in Amazon right now?
Before you buy stock in Amazon, 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 Amazon wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
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See the 10 stocks
*Stock Advisor returns as of December 11, 2023
John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Brett Schafer has positions in Amazon. The Motley Fool has positions in and recommends Amazon and Microsoft. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Add in increasing operating leverage at its massive scale, and I think it's plausible for Amazon's North American division to hit 10% profit margins by this time next year. Even more good news showed up at its doorstep late last year with the explosion of artificial intelligence (AI) tools such as OpenAI's ChatGPT. While Microsoft is a primary financial backer for ChatGPT, there is plenty of AI spending, and AWS should be able to capture a decent share of the pie.
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Retail and media margin expansion will continue The biggest difference for Amazon in 2023 compared to 2022 was the profitability of its North American retail segment, which encompasses its e-commerce division, physical retail, and all the media services that go along with Amazon Prime. Over the last 12 months, Amazon's North American division generated a 2.4% operating margin and has climbed every quarter in 2023. At $100 billion in revenue and 25% profit margins, that equates to $25 billion in earnings that -- like the North American retail segment -- are poised to climb higher over the next few years and beyond.
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Retail and media margin expansion will continue The biggest difference for Amazon in 2023 compared to 2022 was the profitability of its North American retail segment, which encompasses its e-commerce division, physical retail, and all the media services that go along with Amazon Prime. Before you buy stock in Amazon, 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 Amazon wasn’t one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors.
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At $100 billion in revenue and 25% profit margins, that equates to $25 billion in earnings that -- like the North American retail segment -- are poised to climb higher over the next few years and beyond. For a business that still has a long runway to grow this decade, a market average P/E suggests a bargain. Before you buy stock in Amazon, 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 Amazon wasn’t one of them.
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713214.0
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2023-12-12 00:00:00 UTC
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Ex-Dividend Reminder: American Homes 4 Rent, Ares Management and Merchants Bancorp
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https://www.nasdaq.com/articles/ex-dividend-reminder%3A-american-homes-4-rent-ares-management-and-merchants-bancorp
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Looking at the universe of stocks we cover at Dividend Channel, on 12/14/23, American Homes 4 Rent (Symbol: AMH), Ares Management Corp (Symbol: ARES), and Merchants Bancorp (Indiana) (Symbol: MBIN) will all trade ex-dividend for their respective upcoming dividends. American Homes 4 Rent will pay its quarterly dividend of $0.22 on 12/29/23, Ares Management Corp will pay its quarterly dividend of $0.77 on 12/29/23, and Merchants Bancorp (Indiana) will pay its quarterly dividend of $0.08 on 1/2/24. As a percentage of AMH's recent stock price of $35.20, this dividend works out to approximately 0.62%, so look for shares of American Homes 4 Rent to trade 0.62% lower — all else being equal — when AMH shares open for trading on 12/14/23. Similarly, investors should look for ARES to open 0.70% lower in price and for MBIN to open 0.22% lower, all else being equal.
Below are dividend history charts for AMH, ARES, and MBIN, showing historical dividends prior to the most recent ones declared.
American Homes 4 Rent (Symbol: AMH):
Ares Management Corp (Symbol: ARES):
Merchants Bancorp (Indiana) (Symbol: MBIN):
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 2.50% for American Homes 4 Rent, 2.78% for Ares Management Corp, and 0.87% for Merchants Bancorp (Indiana).
In Tuesday trading, American Homes 4 Rent shares are currently up about 0.3%, Ares Management Corp shares are up about 0.1%, and Merchants Bancorp (Indiana) shares are down about 0.1% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
Also see:
Tractor Supply 13F Filers
Funds Holding THFF
APO Stock Predictions
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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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 2.50% for American Homes 4 Rent, 2.78% for Ares Management Corp, and 0.87% for Merchants Bancorp (Indiana). dividend stocks should be on your radar screen » Also see: Tractor Supply 13F Filers Funds Holding THFF APO Stock Predictions The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/14/23, American Homes 4 Rent (Symbol: AMH), Ares Management Corp (Symbol: ARES), and Merchants Bancorp (Indiana) (Symbol: MBIN) will all trade ex-dividend for their respective upcoming dividends. American Homes 4 Rent (Symbol: AMH): Ares Management Corp (Symbol: ARES): Merchants Bancorp (Indiana) (Symbol: MBIN): In general, dividends are not always predictable, following the ups and downs of company profits over time. In Tuesday trading, American Homes 4 Rent shares are currently up about 0.3%, Ares Management Corp shares are up about 0.1%, and Merchants Bancorp (Indiana) shares are down about 0.1% on the day.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/14/23, American Homes 4 Rent (Symbol: AMH), Ares Management Corp (Symbol: ARES), and Merchants Bancorp (Indiana) (Symbol: MBIN) will all trade ex-dividend for their respective upcoming dividends. American Homes 4 Rent will pay its quarterly dividend of $0.22 on 12/29/23, Ares Management Corp will pay its quarterly dividend of $0.77 on 12/29/23, and Merchants Bancorp (Indiana) will pay its quarterly dividend of $0.08 on 1/2/24. American Homes 4 Rent (Symbol: AMH): Ares Management Corp (Symbol: ARES): Merchants Bancorp (Indiana) (Symbol: MBIN): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/14/23, American Homes 4 Rent (Symbol: AMH), Ares Management Corp (Symbol: ARES), and Merchants Bancorp (Indiana) (Symbol: MBIN) will all trade ex-dividend for their respective upcoming dividends. As a percentage of AMH's recent stock price of $35.20, this dividend works out to approximately 0.62%, so look for shares of American Homes 4 Rent to trade 0.62% lower — all else being equal — when AMH shares open for trading on 12/14/23. If they do continue, the current estimated yields on annualized basis would be 2.50% for American Homes 4 Rent, 2.78% for Ares Management Corp, and 0.87% for Merchants Bancorp (Indiana).
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713215.0
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2023-12-12 00:00:00 UTC
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Catch the Nvidia Stock Wave With This Tech-Market Fave
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https://www.nasdaq.com/articles/catch-the-nvidia-stock-wave-with-this-tech-market-fave
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Nvidia (NASDAQ:NVDA) holds a dominant position among U.S.-based artificial intelligence processor producers. Yet, some skeptics might wonder whether NVDA stock can move higher after a blistering 2023. We’re assigning the stock an “A” grade, however, as Nvidia plants its flag in potentially lucrative regional AI-chip markets.
It’s a natural evolution for Nvidia to seek new territories to conquer. After all, Nvidia already generates robust revenue from its AI-compatible processors in America. So, we encourage you to open your mind to the possibilities and consider how much improved Nvidia can be in 2024.
Nvidia Looks to Southeast Asia for Growth Opportunities
Where will Nvidia expand its geographic horizons in the coming year? Look to Southeast Asia for the company’s next opportunity to generate substantial revenue.
For instance, Reuters recently reported that Nvidia is discussing “cooperation deals on semiconductors with Vietnamese tech companies and authorities.” Nvidia President and CEO Jensen Huang affirmed that the company seeks to “boost the semiconductor industry” in Vietnam and establish “Nvidia’s potential partnership with Vietnamese tech firms.”
Furthermore, Vietnam isn’t the only largely untapped AI chip market that Nvidia is looking at now. Reportedly, Huang sees Malaysia as a potential AI “manufacturing” hub. Hence, it makes sense that Nvidia is partnering with YTL, a Malaysian conglomerate, to develop AI infrastructure in that country.
Per Reuters, YTL Power International indicated that the “first phase” of the collaboration is “expected to be operational by mid-2024.” Malaysian Prime Minister Anwar Ibrahim is evidently on board, as he sees the country as “a primary destination of choice in this region” for foreign technology-market investors.
Should NVDA Stock Investors Worry About China-U.S. Tensions?
It’s certainly possible that Nvidia is pursuing expansion into Southeast Asia in order to reduce the company’s reliance on revenue from China. After all, government-level Sino-U.S. tensions could make it difficult to operate in China.
On the other hand, there’s evidence that Nvidia isn’t giving up on China and can still tap into that country’s vast tech-component market. Reportedly, Huang is working with officials in the U.S. to develop AI chips that comply with American export restrictions to China.
“Nvidia has been working very closely with the U.S. government to create products that comply with its regulations, Huang said. “Our plan now is to continue to work with the government to come up with a new set of products that comply with the new regulations that have certain limits.”
In other words, when Nvidia faces an obstacle, the company will work diligently to find a workaround. Nvidia may have to develop less powerful AI chips to export to China, and if that’s the solution, then so be it.
Going forward, investors should keep tabs on new developments in U.S.-China relations. However, regardless of how the situation pans out, expect Nvidia to push forward with its expansion in Asia and elsewhere.
NVDA Stock: Why Not Stick With a Winner?
The critics had their reasons to doubt Nvidia all year long. Yet, if they bet against the company, they probably lost their shirts.
If you want to be on the winning side of the trade, investing in Nvidia makes a lot of sense. The company’s dominant position in the U.S. AI-chip industry means Nvidia can look elsewhere for opportunities.
Nvidia is taking steps to comply with U.S. trade restrictions so it can continue to operate in the Chinese market. Hence, NVDA stock earns a confident “A” grade and deserves your attention as a possible investment for 2024.
On the date of publication, Louis Navellier had a long position in NVDA. Louis Navellier did not have (either directly or indirectly) any other positions in the securities mentioned in this article.
The InvestorPlace Research Staff member primarily responsible for this article did not hold (either directly or indirectly) any positions in the securities mentioned in this article.
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The post Catch the Nvidia Stock Wave With This Tech-Market Fave appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Per Reuters, YTL Power International indicated that the “first phase” of the collaboration is “expected to be operational by mid-2024.” Malaysian Prime Minister Anwar Ibrahim is evidently on board, as he sees the country as “a primary destination of choice in this region” for foreign technology-market investors. It’s certainly possible that Nvidia is pursuing expansion into Southeast Asia in order to reduce the company’s reliance on revenue from China. The #1 AI Investment Might Be This Company You’ve Never Heard Of The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post Catch the Nvidia Stock Wave With This Tech-Market Fave appeared first on InvestorPlace.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Nvidia (NASDAQ:NVDA) holds a dominant position among U.S.-based artificial intelligence processor producers. For instance, Reuters recently reported that Nvidia is discussing “cooperation deals on semiconductors with Vietnamese tech companies and authorities.” Nvidia President and CEO Jensen Huang affirmed that the company seeks to “boost the semiconductor industry” in Vietnam and establish “Nvidia’s potential partnership with Vietnamese tech firms.” Furthermore, Vietnam isn’t the only largely untapped AI chip market that Nvidia is looking at now. Reportedly, Huang is working with officials in the U.S. to develop AI chips that comply with American export restrictions to China.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Nvidia (NASDAQ:NVDA) holds a dominant position among U.S.-based artificial intelligence processor producers. For instance, Reuters recently reported that Nvidia is discussing “cooperation deals on semiconductors with Vietnamese tech companies and authorities.” Nvidia President and CEO Jensen Huang affirmed that the company seeks to “boost the semiconductor industry” in Vietnam and establish “Nvidia’s potential partnership with Vietnamese tech firms.” Furthermore, Vietnam isn’t the only largely untapped AI chip market that Nvidia is looking at now. The #1 AI Investment Might Be This Company You’ve Never Heard Of The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post Catch the Nvidia Stock Wave With This Tech-Market Fave appeared first on InvestorPlace.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Nvidia (NASDAQ:NVDA) holds a dominant position among U.S.-based artificial intelligence processor producers. Should NVDA Stock Investors Worry About China-U.S. Reportedly, Huang is working with officials in the U.S. to develop AI chips that comply with American export restrictions to China.
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2023-12-12 00:00:00 UTC
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BOX Expands Consulting Offerings With AI-Powered Solutions
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https://www.nasdaq.com/articles/box-expands-consulting-offerings-with-ai-powered-solutions
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Box BOX is enhancing its consulting offerings on the back of AI-powered services.
Recently, the company expanded its Box Consulting portfolio with three new consulting services to help customers leverage AI content strategies safely and securely.
Notably, AI Transform Services offers customized workshops for organizations to explore AI potential, including Box AI, and provide a roadmap for implementation and execution aimed at leveraging AI for significant data impact.
Meanwhile, AI Deploy Services provide implementation roadmaps, comprehensive training and change management support for organizations with limited resources, enabling quick returns on investment in Box AI adoption within specific business lines.
AI Enable Services, on the other hand, offer comprehensive training and guidance for IT leaders to enhance their proficiency in Box AI, enabling efficient execution of AI goals across diverse businesses.
Box is anticipated to gain solid traction across various enterprises on the back of its latest move.
Moreover, the latest move is expected to solidify its position in the global consulting services market.
Per a Mordor Intelligence report, the consulting services market is expected to reach $411.48 billion by 2028, exhibiting a CAGR of 5% between 2023 and 2028.
Box, Inc. Price and Consensus
Box, Inc. price-consensus-chart | Box, Inc. Quote
Growing Focus on AI-Induced Solutions
The latest move is in sync with the company’s growing focus on creating intelligent solutions with AI-infused capabilities.
Notably, Box launched Box Hubs, which integrates with Box AI, allowing companies to quickly find answers, summarize information and create new content. Users can create and customize Hubs without IT assistance.
Further, Box partnered with CrowdStrike CRWD to enhance cloud data security, integrating Box's secure content management with CrowdStrike's AI-powered platform, CrowdStrike Falcon.
This integration with CrowdStrike’s AI-powered platform enriches users with real-time access control and threat prevention, allowing IT teams to detect malicious files and configure security policies.
Also, Box partnered with Microsoft MSFT to introduce a new plugin for Microsoft's AI workplace tool, Microsoft 365 Copilot, enhancing the usefulness of Box files within organizations.
Additionally, Box also announced several updates to its integrations with Microsoft’s 365 Copilot, allowing users to easily find, preview, access and work with Box files while collaborating with colleagues and partners.
Growth Prospects
We believe that all the above-mentioned endeavors will aid the company in strengthening its footing in the global AI market.
Per a Grandview Research report, the global AI market size is expected to witness a CAGR of 37.3% between 2023 and 2030.
A Fortune Business Insights report indicates that the global AI market size is expected to reach $2.02 trillion by 2030, indicating a CAGR of 21.6% during the forecast period of 2023-2030.
Strength in the booming AI market will likely aid Box to strengthen its overall financial performance in the upcoming period and instill investor optimism in the stock.
Box expects fiscal 2024 revenues in the band of $1.037-$1.039 billion, indicating an increase of 5% from the fiscal 2023 level.
However, macroeconomic pressures and rising cloud competition are major concerns.
Box has lost 20.9% in the year-to-date period, underperforming the industry’s growth of 64.9%.
Zacks Rank & A Key Pick
Currently, BOX carries a Zacks Rank #3 (Hold).
A better-ranked stock in the broader technology sector is Badger Meter BMI, which sports a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Badger Meter have gained 31.1% in the year-to-date period. BMI’s long-term earnings growth rate is 20.39%.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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Microsoft Corporation (MSFT) : Free Stock Analysis Report
Badger Meter, Inc. (BMI) : Free Stock Analysis Report
Box, Inc. (BOX) : Free Stock Analysis Report
CrowdStrike (CRWD) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This integration with CrowdStrike’s AI-powered platform enriches users with real-time access control and threat prevention, allowing IT teams to detect malicious files and configure security policies. Strength in the booming AI market will likely aid Box to strengthen its overall financial performance in the upcoming period and instill investor optimism in the stock. A better-ranked stock in the broader technology sector is Badger Meter BMI, which sports a Zacks Rank #1 (Strong Buy) at present.
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Notably, AI Transform Services offers customized workshops for organizations to explore AI potential, including Box AI, and provide a roadmap for implementation and execution aimed at leveraging AI for significant data impact. Further, Box partnered with CrowdStrike CRWD to enhance cloud data security, integrating Box's secure content management with CrowdStrike's AI-powered platform, CrowdStrike Falcon. Click to get this free report Microsoft Corporation (MSFT) : Free Stock Analysis Report Badger Meter, Inc. (BMI) : Free Stock Analysis Report Box, Inc. (BOX) : Free Stock Analysis Report CrowdStrike (CRWD) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Notably, AI Transform Services offers customized workshops for organizations to explore AI potential, including Box AI, and provide a roadmap for implementation and execution aimed at leveraging AI for significant data impact. Notably, Box launched Box Hubs, which integrates with Box AI, allowing companies to quickly find answers, summarize information and create new content. Click to get this free report Microsoft Corporation (MSFT) : Free Stock Analysis Report Badger Meter, Inc. (BMI) : Free Stock Analysis Report Box, Inc. (BOX) : Free Stock Analysis Report CrowdStrike (CRWD) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Box BOX is enhancing its consulting offerings on the back of AI-powered services. Notably, Box launched Box Hubs, which integrates with Box AI, allowing companies to quickly find answers, summarize information and create new content. You can see the complete list of today’s Zacks #1 Rank stocks here.
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2023-12-12 00:00:00 UTC
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CLVT vs. INFA: Which Stock Is the Better Value Option?
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https://www.nasdaq.com/articles/clvt-vs.-infa%3A-which-stock-is-the-better-value-option-0
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Investors interested in stocks from the Internet - Software sector have probably already heard of Clarivate PLC (CLVT) and Informatica Inc. (INFA). But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.
Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits.
Right now, Clarivate PLC is sporting a Zacks Rank of #2 (Buy), while Informatica Inc. has a Zacks Rank of #3 (Hold). This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that CLVT is likely seeing its earnings outlook improve to a greater extent. But this is just one factor that value investors are interested in.
Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels.
The Style Score Value grade factors in a variety of key fundamental metrics, including the popular P/E ratio, P/S ratio, earnings yield, cash flow per share, and a number of other key stats that are commonly used by value investors.
CLVT currently has a forward P/E ratio of 10.97, while INFA has a forward P/E of 32.77. We also note that CLVT has a PEG ratio of 1.05. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. INFA currently has a PEG ratio of 4.57.
Another notable valuation metric for CLVT is its P/B ratio of 1.10. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. For comparison, INFA has a P/B of 4.14.
Based on these metrics and many more, CLVT holds a Value grade of B, while INFA has a Value grade of D.
CLVT stands above INFA thanks to its solid earnings outlook, and based on these valuation figures, we also feel that CLVT is the superior value option right now.
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
Clarivate PLC (CLVT) : Free Stock Analysis Report
Informatica Inc. (INFA) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits. Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels.
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The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits. The Style Score Value grade factors in a variety of key fundamental metrics, including the popular P/E ratio, P/S ratio, earnings yield, cash flow per share, and a number of other key stats that are commonly used by value investors. Click to get this free report Clarivate PLC (CLVT) : Free Stock Analysis Report Informatica Inc. (INFA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Style Score Value grade factors in a variety of key fundamental metrics, including the popular P/E ratio, P/S ratio, earnings yield, cash flow per share, and a number of other key stats that are commonly used by value investors. Based on these metrics and many more, CLVT holds a Value grade of B, while INFA has a Value grade of D. CLVT stands above INFA thanks to its solid earnings outlook, and based on these valuation figures, we also feel that CLVT is the superior value option right now. Click to get this free report Clarivate PLC (CLVT) : Free Stock Analysis Report Informatica Inc. (INFA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Style Score Value grade factors in a variety of key fundamental metrics, including the popular P/E ratio, P/S ratio, earnings yield, cash flow per share, and a number of other key stats that are commonly used by value investors. INFA currently has a PEG ratio of 4.57. Based on these metrics and many more, CLVT holds a Value grade of B, while INFA has a Value grade of D. CLVT stands above INFA thanks to its solid earnings outlook, and based on these valuation figures, we also feel that CLVT is the superior value option right now.
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da283d81-6b6d-415f-bc3d-b3f06454fbde
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713218.0
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2023-12-12 00:00:00 UTC
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Why Is Maximus (MMS) Up 1% Since Last Earnings Report?
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DCOMP
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https://www.nasdaq.com/articles/why-is-maximus-mms-up-1-since-last-earnings-report
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nan
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nan
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A month has gone by since the last earnings report for Maximus (MMS). Shares have added about 1% in that time frame, underperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Maximus due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.
Maximus Misses Q4 Earnings Estimates
Maximus, Inc.’s fourth-quarter fiscal 2023 earnings and revenues missed the Zacks Consensus Estimate.
Quarterly adjusted earnings (excluding 33 cents from non-recurring items) of $1.29 per share missed the Zacks Consensus Estimate by 3.7% and decreased 7.9% year over year. Revenues of $1.26 billion lagged the consensus mark by 1% but increased 7.1% year over year.
Segmental Revenues
The U.S. Services segment’s revenues of $473.8 million grew 11.8% year over year but missed our estimate of $483.6 million. The U.S. Federal Services segment’s revenues of $617.4 million increased 6.6% from the year-ago reported number and surpassed our estimate of $604.3 million. The Outside the U.S. segment’s revenues of $168.7 million decreased 3.2% year over year and lagged our estimate of $182.9 million.
Sales and Pipeline
Year-to-date signed contract awards, as of Sep 30, totaled $6.1 billion. Contracts pending (awarded but unsigned) amounted to $878 million. The sales pipeline, as of Sep 30, was $37.1 billion. This included $1.2 billion in pending proposals, $0.97 billion in proposals in preparation and $34.9 billion in opportunities tracking.
The book-to-bill ratio, as of Sep 30, 2023, was 1.2 on a trailing 12-month basis.
Operating Performance
Adjusted operating income of $125.98 million decreased 8% year over year. This compares with our expected adjusted operating income of $132.1 million, down 3.6% year over year. Adjusted operating income margin of 10% decreased 160 basis points year over year.
Balance Sheet and Cash Flow
Maximus ended the quarter with a cash and cash equivalents balance of $65.4 million compared with $35 million reported at the end of the prior quarter.
The company used $144.6 million in cash from operations. Capital expenditures were $31.8 million and free cash flow amounted to $112.8 million.
Fiscal 2024 Guidance
Total revenues are expected to be between $5.05 billion and $5.20 billion. Earnings (on an adjusted basis) are anticipated in the range of $5.05-$5.35 per share.
Adjusted operating income is expected to range between $488 million and $513 million. Free cash flow is expected to range between $290 million and $340 million for fiscal year 2024. The company forecasts interest expense of approximately $70 million, an effective income tax rate between 24.5% and 25.5%, and weighted average shares outstanding between 62.2 million and 62.3 million for fiscal year 2024.
How Have Estimates Been Moving Since Then?
In the past month, investors have witnessed an upward trend in estimates revision.
VGM Scores
Currently, Maximus has a great Growth Score of A, though it is lagging a lot on the Momentum Score front with a D. However, the stock was allocated a grade of A on the value side, putting it in the top 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. Notably, Maximus has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry Player
Maximus belongs to the Zacks Government Services industry. Another stock from the same industry, ICF International (ICFI), has gained 2.8% over the past month. More than a month has passed since the company reported results for the quarter ended September 2023.
ICF reported revenues of $501.52 million in the last reported quarter, representing a year-over-year change of +7.2%. EPS of $1.81 for the same period compares with $1.61 a year ago.
ICF is expected to post earnings of $1.64 per share for the current quarter, representing a year-over-year change of +5.1%. Over the last 30 days, the Zacks Consensus Estimate has changed -1.1%.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for ICF. Also, the stock has a VGM Score of D.
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
Maximus, Inc. (MMS) : Free Stock Analysis Report
ICF International, Inc. (ICFI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Will the recent positive trend continue leading up to its next earnings release, or is Maximus due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Maximus Misses Q4 Earnings Estimates Maximus, Inc.’s fourth-quarter fiscal 2023 earnings and revenues missed the Zacks Consensus Estimate. Balance Sheet and Cash Flow Maximus ended the quarter with a cash and cash equivalents balance of $65.4 million compared with $35 million reported at the end of the prior quarter. Click to get this free report Maximus, Inc. (MMS) : Free Stock Analysis Report ICF International, Inc. (ICFI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Maximus Misses Q4 Earnings Estimates Maximus, Inc.’s fourth-quarter fiscal 2023 earnings and revenues missed the Zacks Consensus Estimate. Segmental Revenues The U.S. Services segment’s revenues of $473.8 million grew 11.8% year over year but missed our estimate of $483.6 million. The Outside the U.S. segment’s revenues of $168.7 million decreased 3.2% year over year and lagged our estimate of $182.9 million.
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A month has gone by since the last earnings report for Maximus (MMS). Maximus Misses Q4 Earnings Estimates Maximus, Inc.’s fourth-quarter fiscal 2023 earnings and revenues missed the Zacks Consensus Estimate. This compares with our expected adjusted operating income of $132.1 million, down 3.6% year over year.
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3fdd0ebf-6dc5-4ae2-bdf2-4ab343280964
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713219.0
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2023-12-12 00:00:00 UTC
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TJX (TJX) Up 1.8% Since Last Earnings Report: Can It Continue?
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DCOMP
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https://www.nasdaq.com/articles/tjx-tjx-up-1.8-since-last-earnings-report%3A-can-it-continue
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nan
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A month has gone by since the last earnings report for TJX (TJX). Shares have added about 1.8% in that time frame, underperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is TJX due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.
The TJX Companies Raises FY24 View on Q3 Earnings Beat
The TJX Companies posted solid third-quarter fiscal 2024 results, as both the top and bottom lines increased year over year and beat the Zacks Consensus Estimate. Encouragingly, management raised its overall comp store sales and earnings per share (EPS) guidance for fiscal 2024.
The company remains particularly impressed with the performance of the Marmaxx and HomeGoods segments, wherein the splendid comp sales growth was completely attributed to customer traffic. TJX Companies saw increased traffic in all segments, with apparel and home sales coming strong. The company started the fourth quarter of fiscal 2024 on a solid note and remains well-positioned for the crucial holiday season.
Quarter in Detail
TJX Companies’ earnings came in at $1.03, rising 13% year over year and up 20% from the year-ago period’s adjusted EPS figure. The third-quarter EPS included a 3-cent adverse effect of the closure of the HomeGoods e-commerce business and a 3-cent unplanned gain from the timing of some costs. The Zacks Consensus Estimate was pegged at 97 cents. Foreign currency movements had a 2-cent positive effect on EPS.
Net sales came in at $13,265 million, up 9% year over year (up 8% at constant currency or cc). The metric surpassed the Zacks Consensus Estimate of $13,052 million. Foreign currency movements had a 1-percentage point positive effect on net sales growth.
In the Marmaxx (U.S.) division, the company’s net sales came in at $8,107 million, up 9% year over year. Net sales amounted to $2,208 million, up 13% year over year, in the HomeGoods (U.S.) division. TJX Canada’s net sales came in at $1,317 million, up 2% from the figure reported in the year-ago period. TJX International’s (Europe & Australia) net sales were $1,633 million, up 10% year over year.
The company witnessed a 6% jump in overall comp store sales. We had expected a comp store sales growth of 3%. Comp store sales rose 7% at Marmaxx (U.S.) while increasing 9% at HomeGoods (U.S.). Comp store sales increased 3% and 1%, respectively, at TJX Canada and TJX International (Europe & Australia).
The pretax profit margin was 12%, up 0.8 percentage points from the year-ago quarter’s level. The upside can be attributed to expense leverage and the favorable timing of certain costs. We had expected a pretax profit margin of 11.4%.
The gross profit margin came in at 31.1%, up 2 percentage points due to the increased merchandise margin. We had expected a 1.3-percentage point increase in the gross profit margin to 30.4%.
SG&A costs as a percent of sales was 19.4%, up 1.4 percentage points. The rise in such costs can be attributed to increased incentive compensation accruals, incremental store wages and payroll costs and costs associated with the closing of HomeGoods’ e-commerce business.
Other Updates
During the quarter, the company added 50 new stores, ending the quarter with 4,934 stores. TJX Companies ended the quarter with cash of $4,290 million, long-term debt of $2,861 million and shareholders’ equity of $6,833 million. The company generated an operating cash flow of $1.2 billion in the third quarter of fiscal 2024.
During the quarter, management returned $1 billion to shareholders. TJX repurchased $650 million in stock, retiring 7.2 million shares. The company paid out $380 million in shareholder dividends. In the first nine months of fiscal 2024, TJX returned $2.8 billion to shareholders, including share buybacks worth $1.7 billion and dividend payments of $1.1 billion. Management plans to repurchase shares worth $2.25-$2.5 billion in the fiscal year ending Feb 3, 2024.
As of Oct 28, 2023, total inventories were $8.3 billion. Management is optimistic about its capabilities to offer impressive branded merchandise at its stores and online during the holiday season.
Guidance
For fiscal 2024, TJX Companies now expects an overall comparable store sales increase of 4-5%, up from the prior view of 3-4% growth. Management expects the fiscal 2024 adjusted pretax profit margin of nearly 10.7% compared with the earlier view of 10.6-10.7%. The reported pretax profit margin is expected at roughly 10.8% now compared with the 10.7-10.8% expected earlier.
For fiscal 2024, management now envisions the adjusted EPS in the $3.61-$3.64 range and a reported EPS of $3.71 to $3.74. It earlier expected the adjusted EPS in the band of $3.56-$3.62 and the reported EPS in the range of $3.66-$3.72.
For the fourth quarter of fiscal 2024, the company is projecting overall comparable store sales growth of 3-4%. For the quarter, management anticipates an adjusted pretax profit margin in the range of 10-10.2% and an EPS between 97 cents and $1.
How Have Estimates Been Moving Since Then?
It turns out, estimates review have trended downward during the past month.
VGM Scores
At this time, TJX has an average Growth Score of C, however its Momentum Score is doing a bit better with a B. Charting a somewhat similar path, the stock was allocated a grade of C on the value side, putting it in the middle 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, TJX has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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 TJX Companies, Inc. (TJX) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. The company remains particularly impressed with the performance of the Marmaxx and HomeGoods segments, wherein the splendid comp sales growth was completely attributed to customer traffic. The third-quarter EPS included a 3-cent adverse effect of the closure of the HomeGoods e-commerce business and a 3-cent unplanned gain from the timing of some costs.
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The TJX Companies Raises FY24 View on Q3 Earnings Beat The TJX Companies posted solid third-quarter fiscal 2024 results, as both the top and bottom lines increased year over year and beat the Zacks Consensus Estimate. Comp store sales increased 3% and 1%, respectively, at TJX Canada and TJX International (Europe & Australia). In the first nine months of fiscal 2024, TJX returned $2.8 billion to shareholders, including share buybacks worth $1.7 billion and dividend payments of $1.1 billion.
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The TJX Companies Raises FY24 View on Q3 Earnings Beat The TJX Companies posted solid third-quarter fiscal 2024 results, as both the top and bottom lines increased year over year and beat the Zacks Consensus Estimate. Quarter in Detail TJX Companies’ earnings came in at $1.03, rising 13% year over year and up 20% from the year-ago period’s adjusted EPS figure. Guidance For fiscal 2024, TJX Companies now expects an overall comparable store sales increase of 4-5%, up from the prior view of 3-4% growth.
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A month has gone by since the last earnings report for TJX (TJX). The TJX Companies Raises FY24 View on Q3 Earnings Beat The TJX Companies posted solid third-quarter fiscal 2024 results, as both the top and bottom lines increased year over year and beat the Zacks Consensus Estimate. Guidance For fiscal 2024, TJX Companies now expects an overall comparable store sales increase of 4-5%, up from the prior view of 3-4% growth.
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95986d4e-cbe6-4c6a-96ca-596a6a47a54f
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713220.0
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2023-12-12 00:00:00 UTC
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Why Is Copa Holdings (CPA) Up 8.5% Since Last Earnings Report?
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DCOMP
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https://www.nasdaq.com/articles/why-is-copa-holdings-cpa-up-8.5-since-last-earnings-report
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nan
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nan
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A month has gone by since the last earnings report for Copa Holdings (CPA). Shares have added about 8.5% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Copa Holdings due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.
Copa Holdings Beats on Q3 Earnings
Copa Holdings’ third-quarter 2023 earnings per share (EPS) of $4.39 surpassed the Zacks Consensus Estimate of $3.74 and rose 51% year over year. Revenues of $867.7 million missed the Zacks Consensus Estimate of $879.3 million but improved 7.2% year over year on the back of passenger revenues.
Passenger revenues (which contributed 96% to the top line) increased 7.6% from third-quarter 2022, owing to higher load factors and yields. Cargo and mail revenues fell 11.2% to $23.43 million due to lower cargo volumes and yields. Other operating revenues came in at $10.97 million, up 24.5% year over year.
Below, we present all comparisons (in % terms) with third-quarter 2022 levels (pre-coronavirus).
On a consolidated basis, traffic (measured in revenue passenger miles) grew 13.3% and capacity (measured in available seat miles) increased 12.1%. As a result, the load factor increased 0.9 percentage points to 87.8% in the reported quarter.
Passenger revenue per available seat miles decreased 4% to 11.7 cents. Additionally, revenue per available seat mile decreased 4.3% to 12.2 cents. Cost per available seat mile decreased 11.2%. Excluding fuel, the metric fell 2.1%. The average fuel price per liter fell 21.3% to $3.00.
Total operating expenses decreased 0.5% to $662.69 million due to the 13.5% decrease in fuel costs. Expenses on wages, salaries and other employee benefits rose 12.2%. Sales and distribution costs decreased 11%. Passenger servicing costs grew 22.6%. Flight operation costs increased 15.7%.
Copa Holdings exited the third quarter with cash and cash equivalents of $236.87 million compared with $281.86 million at June 2023-end. Total debt, including lease liabilities, was $1.7 billion compared with $1.8 billion at the end of June 2023.
CPA ended third-quarter 2023 with a consolidated fleet of 103 aircraft, which comprises 67 Boeing 737-800s, 26 Boeing 737 MAX 9s, nine Boeing 737-700s, and one Boeing 737-800 freighters.
In November 2023, CPA took delivery of two Boeing 737 MAX 9 aircraft and anticipates to receive one additional aircraft during the remainder of 2023. CPA expects to end 2023 with 106 aircraft.
In October 2023, CPA completed its previously announced share repurchase program. On Nov 15, 2023, CPA’s board of directors approved a new $200 million share repurchase program.
Further, CPA will make its fourth dividend payment of 82 cents per share on Dec 15, 2023, to all Class A and Class B shareholders on record as of Nov 30, 2023.
How Have Estimates Been Moving Since Then?
In the past month, investors have witnessed an upward trend in estimates revision.
VGM Scores
At this time, Copa Holdings has a great Growth Score of A, though it is lagging a lot on the Momentum Score front with a C. However, the stock was allocated a grade of A on the value side, putting it in the top quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. Notably, Copa Holdings has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry Player
Copa Holdings belongs to the Zacks Transportation - Airline industry. Another stock from the same industry, Ryanair (RYAAY), has gained 13.4% over the past month. More than a month has passed since the company reported results for the quarter ended September 2023.
Ryanair reported revenues of $5.36 billion in the last reported quarter, representing a year-over-year change of +32.5%. EPS of $7.21 for the same period compares with $5.32 a year ago.
Ryanair is expected to post earnings of $0.08 per share for the current quarter, representing a year-over-year change of -91.6%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Ryanair. Also, the stock has a VGM Score of A.
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
Copa Holdings, S.A. (CPA) : Free Stock Analysis Report
Ryanair Holdings PLC (RYAAY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Passenger revenues (which contributed 96% to the top line) increased 7.6% from third-quarter 2022, owing to higher load factors and yields. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Copa Holdings Beats on Q3 Earnings Copa Holdings’ third-quarter 2023 earnings per share (EPS) of $4.39 surpassed the Zacks Consensus Estimate of $3.74 and rose 51% year over year. Total operating expenses decreased 0.5% to $662.69 million due to the 13.5% decrease in fuel costs. Click to get this free report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report Ryanair Holdings PLC (RYAAY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Copa Holdings Beats on Q3 Earnings Copa Holdings’ third-quarter 2023 earnings per share (EPS) of $4.39 surpassed the Zacks Consensus Estimate of $3.74 and rose 51% year over year. Revenues of $867.7 million missed the Zacks Consensus Estimate of $879.3 million but improved 7.2% year over year on the back of passenger revenues. Click to get this free report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report Ryanair Holdings PLC (RYAAY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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A month has gone by since the last earnings report for Copa Holdings (CPA). Copa Holdings Beats on Q3 Earnings Copa Holdings’ third-quarter 2023 earnings per share (EPS) of $4.39 surpassed the Zacks Consensus Estimate of $3.74 and rose 51% year over year. Total operating expenses decreased 0.5% to $662.69 million due to the 13.5% decrease in fuel costs.
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e78ea4d7-10d4-4f18-8628-adab87c1d452
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713221.0
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2023-12-12 00:00:00 UTC
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Fortinet (FTNT) Arqit, BT Launch Quantum-Safe VPN Solution
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DCOMP
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https://www.nasdaq.com/articles/fortinet-ftnt-arqit-bt-launch-quantum-safe-vpn-solution
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nan
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Fortinet FTNT announced that, along with Arqit Quantum Inc. ARQQ and BT Group, it has introduced a commercially accessible, integrated product for quantum-safe virtual private network (VPN) communications. The launch comes after the effective trial of quantum-safe tunnels connecting three BT locations in London, Exeter and Adastral Park in Suffolk.
The strategy of "store-now, decrypt-later" utilized by nation-states and cyber adversaries, where encrypted data is accumulated for future decryption with quantum computing, poses a substantial threat to current data and communication systems. As cyber threats advance in complexity, global organizations must ensure their ability to defend against both existing and emerging risks.
Through the novel collaborative quantum-safe VPN solution, BT customers can leverage the integration of Fortinet FortiGate Next-Generation Firewalls empowered with Arqit's NetworkSecure Fortinet adapters and Arqit’s Symmetric Key Agreement Platform.
The solution facilitates the generation and on-demand rotation of quantum-safe symmetric keys for encrypting and securing sensitive data in point-to-point VPN connections. Initially, this joint solution has been made available for customers in the UK and EU regions. This is expected to boost FTNT’s top-line growth in the upcoming quarters.
The Zacks Consensus Estimate for this Zacks Rank #3 (Hold) company’s 2023 revenues is pegged at $5.3 billion, indicating year-over-year growth of 19.9%. The consensus estimate for earnings is pegged at $1.56 per share, implying a year-over-year rise of 31.09%.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Fortinet, Inc. Price and Consensus
Fortinet, Inc. price-consensus-chart | Fortinet, Inc. Quote
Fortinet Faces Tough Competition in the Cybersecurity Market
According to a Statista report, the Cybersecurity market is poised for substantial revenue growth in the upcoming years. By the year 2023, it is estimated to achieve significant global revenues of US$166.20 billion. Within the market's diverse segments, Security Services is anticipated to take the lead, reaching a projected market volume of US$87.97 billion in 2023. Additionally, the market is forecasted to witness a consistent annual growth rate (CAGR) of 10.48% from 2023 to 2028 (CAGR 2023-2028).
Cybersecurity companies anticipate that generative AI tools will play a crucial role in decreasing the response time for identifying and addressing various types of computer hacking incidents. Additionally, it is envisioned that generative AI will take on more automated tasks within security operations centers, thus addressing the shortage of software engineers for companies.
Shares of Fortinet have gained 16.7% year to date compared with the Zacks Computer and Technology sector’s 49.1% rise due to tough competition from Microsoft MSFT and Palo Alto Networks PANW in the cybersecurity market.
Microsoft is identified as the primary threat to established players in the industry due to its practice of offering various products to companies through discounted deals. It is actively working on integrating artificial intelligence (AI) tools into its security platform, known as Microsoft Security Copilot, which utilizes a new AI assistant.
Palo Alto Networks offers security solutions specifically crafted to safeguard the majority of IT infrastructure elements. This encompasses network, endpoint, data center, private and public cloud, as well as Software-as-a-Service. At the heart of its offerings is a comprehensive platform featuring advanced firewalls, complemented by cloud-based services that broaden the coverage to include various aspects of security.
Fortinet is a major contender in the firewall security market, facing competition from Palo Alto Networks and other players. Firewalls act as a barrier between private networks and the Internet, preventing unauthorized traffic and scanning web applications for malware. Fortinet has redirected its focus toward software-defined wide area networks, an evolving technology in computer networking.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
Fortinet, Inc. (FTNT) : Free Stock Analysis Report
Palo Alto Networks, Inc. (PANW) : Free Stock Analysis Report
Arqit Quantum Inc. (ARQQ) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Fortinet FTNT announced that, along with Arqit Quantum Inc. ARQQ and BT Group, it has introduced a commercially accessible, integrated product for quantum-safe virtual private network (VPN) communications. Cybersecurity companies anticipate that generative AI tools will play a crucial role in decreasing the response time for identifying and addressing various types of computer hacking incidents. Shares of Fortinet have gained 16.7% year to date compared with the Zacks Computer and Technology sector’s 49.1% rise due to tough competition from Microsoft MSFT and Palo Alto Networks PANW in the cybersecurity market.
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Through the novel collaborative quantum-safe VPN solution, BT customers can leverage the integration of Fortinet FortiGate Next-Generation Firewalls empowered with Arqit's NetworkSecure Fortinet adapters and Arqit’s Symmetric Key Agreement Platform. Shares of Fortinet have gained 16.7% year to date compared with the Zacks Computer and Technology sector’s 49.1% rise due to tough competition from Microsoft MSFT and Palo Alto Networks PANW in the cybersecurity market. Click to get this free report Microsoft Corporation (MSFT) : Free Stock Analysis Report Fortinet, Inc. (FTNT) : Free Stock Analysis Report Palo Alto Networks, Inc. (PANW) : Free Stock Analysis Report Arqit Quantum Inc. (ARQQ) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Fortinet, Inc. Price and Consensus Fortinet, Inc. price-consensus-chart | Fortinet, Inc. Quote Fortinet Faces Tough Competition in the Cybersecurity Market According to a Statista report, the Cybersecurity market is poised for substantial revenue growth in the upcoming years. Shares of Fortinet have gained 16.7% year to date compared with the Zacks Computer and Technology sector’s 49.1% rise due to tough competition from Microsoft MSFT and Palo Alto Networks PANW in the cybersecurity market. Click to get this free report Microsoft Corporation (MSFT) : Free Stock Analysis Report Fortinet, Inc. (FTNT) : Free Stock Analysis Report Palo Alto Networks, Inc. (PANW) : Free Stock Analysis Report Arqit Quantum Inc. (ARQQ) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Consensus Estimate for this Zacks Rank #3 (Hold) company’s 2023 revenues is pegged at $5.3 billion, indicating year-over-year growth of 19.9%. Fortinet, Inc. Price and Consensus Fortinet, Inc. price-consensus-chart | Fortinet, Inc. Quote Fortinet Faces Tough Competition in the Cybersecurity Market According to a Statista report, the Cybersecurity market is poised for substantial revenue growth in the upcoming years. Shares of Fortinet have gained 16.7% year to date compared with the Zacks Computer and Technology sector’s 49.1% rise due to tough competition from Microsoft MSFT and Palo Alto Networks PANW in the cybersecurity market.
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f28fc991-b1f9-4c87-84b0-68bdb3923968
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713222.0
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2023-12-12 00:00:00 UTC
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Rogers Communication (RCI) to Deploy Satellite Tech in 2024
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https://www.nasdaq.com/articles/rogers-communication-rci-to-deploy-satellite-tech-in-2024
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Rogers Communication RCI has announced its intention to introduce satellite-to-mobile phone technology in 2024, providing wireless services to Canada's remote regions. The telecommunications firm, in collaboration with Lynk Global Inc., revealed the initiative for conducting a successful satellite-to-mobile phone call test in Newfoundland and Labrador.
The scheduled 2024 launch will initially focus on SMS texting, with plans to incorporate voice and data services. This development will enable any standard smartphone to access 911 services.
The technology utilizes Lynk's low-earth orbit satellites in conjunction with Rogers' national wireless spectrum, thus allowing it to function seamlessly on existing smartphones without the need for custom applications or hardware upgrades. This enables users to make calls in areas lacking terrestrial cellular wireless coverage from any mobile operator.
In April, Rogers disclosed agreements with Lynk and Elon Musk's Space Exploration Technologies Corp. (SpaceX) to implement satellite-to-phone coverage throughout Canada. The collaboration with SpaceX involves utilizing its Starlink low-earth-orbit satellites along with Rogers' national wireless spectrum. This technology is designed to extend coverage to areas beyond the reach of conventional wireless networks, starting with satellite coverage for SMS text and subsequently expanding to include voice and data.
Rogers Communication, Inc. Price and Consensus
Rogers Communication, Inc. price-consensus-chart | Rogers Communication, Inc. Quote
Roger’s Recent Investments to Aid Subscriber Growth
Rogers is dedicated to providing Canadians with top-tier networks globally. The company consistently reinvests 90% of its annual profits back into Canada. Since 1985, Rogers has allocated more than $40 billion to establish a comprehensive national wireless network that caters to the entire Canadian population.
Rogers Communications recently revealed its success in obtaining nationwide 5G spectrum once again, securing 3800 MHz in Canada's third 5G spectrum auction. This acquisition aims to enhance coverage, speed and capacity on Canada's largest and most reliable 5G network, benefitting Canadians across various regions.
The investment involved $475 million for 40.5 MHz of 3800 MHz spectrum at a rate of 0.32 cents per MHz/POP, covering 172 regions available in the spectrum auction. The newly acquired 3800 MHz spectrum will complement Rogers' existing industry-leading 3500 MHz 5G spectrum, extending coverage beyond urban areas to include rural and indigenous communities nationwide.
These new investments are expected to aid wireless postpaid as well as prepaid subscribers in the upcoming quarters.
The Zacks Consensus Estimate for RCI’s 2023 wireless postpaid subscribers is pegged at 6.88 million, indicating year-over-year growth of 26.2%. The consensus estimate for wireless prepaid subscribers is pegged at 8.58 million, indicating year-over-year growth of 7.8%.
Shares of this Zacks Rank #3 (Hold) company have declined 1.9% in the past year against the Zacks Consumer Discretionary sector’s 16.2% rise due to fierce competition from BCE BCE and Telus TU in the field of telecommunication, and Disney’s DIS ESPN in the field of sports television.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
BCE has established a strong reputation for reliability within the telecommunications sector. Known for offering a broad range of services, including mobile, home phone, Internet and television, Bell is the preferred choice for individuals prioritizing quality and dependability. The company's commitment to providing premium services positions it as a trustworthy option for customers seeking consistent and reliable telecommunications solutions at the highest level.
Telus Mobility places a strong emphasis on the quality of its network and delivering exceptional customer service. The company provides a range of services, including mobile phone plans, home Internet and TV services. Additionally, Telus is distinguished by its commitment to offering outstanding customer support and prioritizing the prompt and efficient resolution of customer issues, which has earned the company a reputation for superior service in the industry.
ESPN, a well-known sports channel based in the United States, has a widespread international presence. The network has formed partnerships with major sports leagues, including the NHL, Major League Baseball, college football and the NFL. In the Canadian market, ESPN gives tough competition to Rogers Sports & Media, which is a leading company in the market and is known for its exceptional content.
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
TELUS Corporation (TU) : Free Stock Analysis Report
Rogers Communication, Inc. (RCI) : Free Stock Analysis Report
BCE, Inc. (BCE) : Free Stock Analysis Report
The Walt Disney Company (DIS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The technology utilizes Lynk's low-earth orbit satellites in conjunction with Rogers' national wireless spectrum, thus allowing it to function seamlessly on existing smartphones without the need for custom applications or hardware upgrades. Known for offering a broad range of services, including mobile, home phone, Internet and television, Bell is the preferred choice for individuals prioritizing quality and dependability. The company's commitment to providing premium services positions it as a trustworthy option for customers seeking consistent and reliable telecommunications solutions at the highest level.
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Rogers Communication, Inc. Price and Consensus Rogers Communication, Inc. price-consensus-chart | Rogers Communication, Inc. Quote Roger’s Recent Investments to Aid Subscriber Growth Rogers is dedicated to providing Canadians with top-tier networks globally. The Zacks Consensus Estimate for RCI’s 2023 wireless postpaid subscribers is pegged at 6.88 million, indicating year-over-year growth of 26.2%. Click to get this free report TELUS Corporation (TU) : Free Stock Analysis Report Rogers Communication, Inc. (RCI) : Free Stock Analysis Report BCE, Inc. (BCE) : Free Stock Analysis Report The Walt Disney Company (DIS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Rogers Communication, Inc. Price and Consensus Rogers Communication, Inc. price-consensus-chart | Rogers Communication, Inc. Quote Roger’s Recent Investments to Aid Subscriber Growth Rogers is dedicated to providing Canadians with top-tier networks globally. Shares of this Zacks Rank #3 (Hold) company have declined 1.9% in the past year against the Zacks Consumer Discretionary sector’s 16.2% rise due to fierce competition from BCE BCE and Telus TU in the field of telecommunication, and Disney’s DIS ESPN in the field of sports television. Click to get this free report TELUS Corporation (TU) : Free Stock Analysis Report Rogers Communication, Inc. (RCI) : Free Stock Analysis Report BCE, Inc. (BCE) : Free Stock Analysis Report The Walt Disney Company (DIS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Rogers Communication RCI has announced its intention to introduce satellite-to-mobile phone technology in 2024, providing wireless services to Canada's remote regions. The collaboration with SpaceX involves utilizing its Starlink low-earth-orbit satellites along with Rogers' national wireless spectrum. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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0fd68ca6-8d07-4bf7-8d5d-aacc424a2e24
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713223.0
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2023-12-12 00:00:00 UTC
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CrowdStrike (CRWD) Unveils Falcon Data Protection Solution
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https://www.nasdaq.com/articles/crowdstrike-crwd-unveils-falcon-data-protection-solution
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CrowdStrike CRWD released Falcon Data Protection, a solution that claims to replace traditional data loss prevention (“DLP”) tools. Integrated within the CrowdStrike Falcon Extended Detection and Response (“XDR”) platform, this solution lets cybersecurity professionals gain visibility of endpoints and the web as the information is shared across various applications.
CrowdStrike Falcon XDR is a comprehensive cybersecurity platform that goes beyond traditional endpoint security solutions. It is designed to detect, investigate and respond to cyber threats across various endpoints, networks and cloud environments.
The Falcon Data Protection Solution, like the XDR, improves upon traditional DLPs and provides a unified, lightweight platform where the information is put together, reducing cost and complexity.
CrowdStrike Price and Consensus
CrowdStrike price-consensus-chart | CrowdStrike Quote
The solution enables the cybersecurity team to customize data classifications. It prevents accidental or intentional leakage of Personally Identifiable Information and Protected Health Information data through generative artificial intelligence tools.
The Falcon Data Protection solution allows customers to envision potential threats by defining and simulating future scenarios. This capability assists cybersecurity teams in testing policies preemptively, ensuring they work effectively without causing disruptions to end-user experiences before their actual implementation.
CrowdStrike Gaining From its Security Solution Offerings
The increased number of individuals accessing company networks emphasizes the heightened demand for security. The rising adoption of hybrid work setups and the Bring Your Own Device trend are actively fueling the demand for CrowdStrike's security products.
The introduction of Falcon Data Protection will add to CRWD’s Endpoint Security and XDR Module’s business, which includes solutions like Falcon Prevent, Falcon Insight XDR, Falcon Device Control and Falcon Firewall Management. This will further contribute to CrowdStrike’s Subscription revenues.
During the third quarter of fiscal 2024, the company saw a substantial double-digit rise in new annual recurring revenue. This surge was propelled by customers pursuing the advanced features offered by CrowdStrike's AI-powered XDR platform.
Zacks Rank and Other Stocks to Consider
CRWD currently carries a Zacks Rank #2 (Buy). Shares of the company have climbed 140% year to date.
Some other top-ranked stocks from the broader technology sector are MongoDB MDB, Cloudflare NET and Bel Fuse BELFB. While BELFB sports a Zacks Rank #1 (Strong Buy), MDB and NET each carry a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for MongoDB's fourth-quarter fiscal 2024 earnings has been revised 10 cents northward to 46 cents per share in the past 30 days. For fiscal 2024, earnings estimates have moved upward by 56 cents to $2.90 per share in the past 30 days.
MDB’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 277.91%. Shares of MDB have gained 113% year to date.
The Zacks Consensus Estimate for Clouflare's fourth-quarter 2023 earnings moved northward by 2 cents to 12 cents in the past 60 days. For fiscal 2023, NET’s earnings estimates have been revised 9 cents upward to 46 cents per share in the past 60 days.
Cloudflare’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 63.22%. Shares of NET have climbed 87.3% year to date.
The Zacks Consensus Estimate for Bel Fuse’s fourth-quarter fiscal 2023 earnings has been revised upward by 38 cents to $1.44 per share in the past 60 days. For fiscal 2023, earnings estimates have been raised 72 cents to $6.28 in the past 60 days.
Bel Fuse’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 56.92%. Shares of Bel Fuse have surged 93.2% year to date.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Bel Fuse Inc. (BELFB) : Free Stock Analysis Report
MongoDB, Inc. (MDB) : Free Stock Analysis Report
CrowdStrike (CRWD) : Free Stock Analysis Report
Cloudflare, Inc. (NET) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Integrated within the CrowdStrike Falcon Extended Detection and Response (“XDR”) platform, this solution lets cybersecurity professionals gain visibility of endpoints and the web as the information is shared across various applications. The Falcon Data Protection Solution, like the XDR, improves upon traditional DLPs and provides a unified, lightweight platform where the information is put together, reducing cost and complexity. This capability assists cybersecurity teams in testing policies preemptively, ensuring they work effectively without causing disruptions to end-user experiences before their actual implementation.
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The Zacks Consensus Estimate for MongoDB's fourth-quarter fiscal 2024 earnings has been revised 10 cents northward to 46 cents per share in the past 30 days. The Zacks Consensus Estimate for Bel Fuse’s fourth-quarter fiscal 2023 earnings has been revised upward by 38 cents to $1.44 per share in the past 60 days. Click to get this free report Bel Fuse Inc. (BELFB) : Free Stock Analysis Report MongoDB, Inc. (MDB) : Free Stock Analysis Report CrowdStrike (CRWD) : Free Stock Analysis Report Cloudflare, Inc. (NET) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The introduction of Falcon Data Protection will add to CRWD’s Endpoint Security and XDR Module’s business, which includes solutions like Falcon Prevent, Falcon Insight XDR, Falcon Device Control and Falcon Firewall Management. The Zacks Consensus Estimate for MongoDB's fourth-quarter fiscal 2024 earnings has been revised 10 cents northward to 46 cents per share in the past 30 days. Click to get this free report Bel Fuse Inc. (BELFB) : Free Stock Analysis Report MongoDB, Inc. (MDB) : Free Stock Analysis Report CrowdStrike (CRWD) : Free Stock Analysis Report Cloudflare, Inc. (NET) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Integrated within the CrowdStrike Falcon Extended Detection and Response (“XDR”) platform, this solution lets cybersecurity professionals gain visibility of endpoints and the web as the information is shared across various applications. CrowdStrike Price and Consensus CrowdStrike price-consensus-chart | CrowdStrike Quote The solution enables the cybersecurity team to customize data classifications. For fiscal 2024, earnings estimates have moved upward by 56 cents to $2.90 per share in the past 30 days.
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d6c4a45c-57c0-48aa-aada-feddcf050223
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713224.0
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2023-12-12 00:00:00 UTC
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Why Costco Stock Was Climbing Today
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DCOMP
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https://www.nasdaq.com/articles/why-costco-stock-was-climbing-today-0
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nan
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Shares of Costco Wholesale (NASDAQ: COST) were moving up the charts today after the membership-based warehouse retailer topped estimates in its first-quarter earnings report and announced a $15/share special dividend. As a result, the stock was up 4% as of 10:37 a.m. ET.
Image source: Costco.
Costco answers the call
For several quarters now, Costco management has been asked about paying another special dividend as the company has a history of doing so every few years. Unsurprisingly, investors were delighted to hear the news of the $15/share special dividend, which is its biggest one yet. Costco's last special dividend was $10/share in 2020. The dividend will be paid out on Jan. 12 to shareholders of record at the close as of Dec. 28. Costco will spend $6.7 billion on the payout.
That dividend implies a yield of close to 2.3% based on the stock's current price. However, it could be significantly higher for longtime shareholders based on what they paid for the stock.
Additionally, Costco reported solid earnings results. Comparable sales, excluding the impact of gas prices and currency exchange, were up 3.9%. Revenue rose 6.2% to $57.8 billion, slightly higher than the analyst consensus of $57.72 billion. Margins improved as well, and earnings per share rose from $3.07 to $3.58, ahead of estimates at $3.42.
Can Costco keep climbing?
Costco can do little wrong these days, it seems. The stock is up an impressive 43% year to date, and this company has delivered solid results. However, legitimate questions surround valuations as the company's earnings growth hasn't kept up with the stock price, which has surged in the recent market rally as expectations have built for lower interest rates.
The retailer still looks like a great stock to own for the long term, but investors may want to temper their expectations with the price-to-earnings ratio now at 44.
Should you invest $1,000 in Costco Wholesale right now?
Before you buy stock in Costco Wholesale, 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 Costco Wholesale wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 11, 2023
Jeremy Bowman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Costco Wholesale. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of Costco Wholesale (NASDAQ: COST) were moving up the charts today after the membership-based warehouse retailer topped estimates in its first-quarter earnings report and announced a $15/share special dividend. However, legitimate questions surround valuations as the company's earnings growth hasn't kept up with the stock price, which has surged in the recent market rally as expectations have built for lower interest rates. The retailer still looks like a great stock to own for the long term, but investors may want to temper their expectations with the price-to-earnings ratio now at 44.
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Additionally, Costco reported solid earnings results. Before you buy stock in Costco Wholesale, 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 Costco Wholesale wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Jeremy Bowman has no position in any of the stocks mentioned.
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Costco answers the call For several quarters now, Costco management has been asked about paying another special dividend as the company has a history of doing so every few years. Before you buy stock in Costco Wholesale, 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 Costco Wholesale wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Jeremy Bowman has no position in any of the stocks mentioned.
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Costco's last special dividend was $10/share in 2020. Before you buy stock in Costco Wholesale, 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 Costco Wholesale wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Jeremy Bowman has no position in any of the stocks mentioned.
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0f501308-7568-4230-aa26-68bd7bc62c72
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713225.0
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2023-12-12 00:00:00 UTC
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AUDC or GLW: Which Is the Better Value Stock Right Now?
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DCOMP
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https://www.nasdaq.com/articles/audc-or-glw%3A-which-is-the-better-value-stock-right-now-0
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nan
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Investors with an interest in Communication - Components stocks have likely encountered both AudioCodes (AUDC) and Corning (GLW). But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.
The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits.
Currently, AudioCodes has a Zacks Rank of #2 (Buy), while Corning has a Zacks Rank of #4 (Sell). Investors should feel comfortable knowing that AUDC likely has seen a stronger improvement to its earnings outlook than GLW has recently. But this is just one factor that value investors are interested in.
Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels.
The Value category of the Style Scores system identifies undervalued companies by looking at a number of key metrics. These include the long-favored P/E ratio, P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that help us determine a company's fair value.
AUDC currently has a forward P/E ratio of 17.44, while GLW has a forward P/E of 18.02. We also note that AUDC has a PEG ratio of 0.70. 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. GLW currently has a PEG ratio of 11.48.
Another notable valuation metric for AUDC is its P/B ratio of 2.10. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. By comparison, GLW has a P/B of 2.22.
Based on these metrics and many more, AUDC holds a Value grade of B, while GLW has a Value grade of C.
AUDC stands above GLW thanks to its solid earnings outlook, and based on these valuation figures, we also feel that AUDC is the superior value option right now.
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
AudioCodes Ltd. (AUDC) : Free Stock Analysis Report
Corning Incorporated (GLW) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits. Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels.
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The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits. Click to get this free report AudioCodes Ltd. (AUDC) : Free Stock Analysis Report Corning Incorporated (GLW) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits. Based on these metrics and many more, AUDC holds a Value grade of B, while GLW has a Value grade of C. AUDC stands above GLW thanks to its solid earnings outlook, and based on these valuation figures, we also feel that AUDC is the superior value option right now. Click to get this free report AudioCodes Ltd. (AUDC) : Free Stock Analysis Report Corning Incorporated (GLW) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Investors with an interest in Communication - Components stocks have likely encountered both AudioCodes (AUDC) and Corning (GLW). GLW currently has a PEG ratio of 11.48. Based on these metrics and many more, AUDC holds a Value grade of B, while GLW has a Value grade of C. AUDC stands above GLW thanks to its solid earnings outlook, and based on these valuation figures, we also feel that AUDC is the superior value option right now.
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998488a1-fbd5-42d9-8415-afe2240aaa7b
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713226.0
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2023-12-12 00:00:00 UTC
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WRB or TKOMY: Which Is the Better Value Stock Right Now?
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DCOMP
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https://www.nasdaq.com/articles/wrb-or-tkomy%3A-which-is-the-better-value-stock-right-now-4
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Investors interested in stocks from the Insurance - Property and Casualty sector have probably already heard of W.R. Berkley (WRB) and Tokio Marine Holdings Inc. (TKOMY). But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.
We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight stocks with specific traits.
W.R. Berkley has a Zacks Rank of #1 (Strong Buy), while Tokio Marine Holdings Inc. has a Zacks Rank of #5 (Strong Sell) right now. Investors should feel comfortable knowing that WRB likely has seen a stronger improvement to its earnings outlook than TKOMY has recently. But this is just one piece of the puzzle for value investors.
Value investors are also interested in a number of tried-and-true valuation metrics that help show when a company is undervalued at its current share price levels.
Our Value category highlights undervalued companies by looking at a variety of key metrics, including the popular P/E ratio, as well as the P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that have been used by value investors for years.
WRB currently has a forward P/E ratio of 14.81, while TKOMY has a forward P/E of 17.42. We also note that WRB has a PEG ratio of 1.65. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. TKOMY currently has a PEG ratio of 5.85.
Another notable valuation metric for WRB is its P/B ratio of 2.65. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. For comparison, TKOMY has a P/B of 5.22.
These are just a few of the metrics contributing to WRB's Value grade of B and TKOMY's Value grade of F.
WRB is currently sporting an improving earnings outlook, which makes it stick out in our Zacks Rank model. And, based on the above valuation metrics, we feel that WRB is likely the superior value option right now.
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
W.R. Berkley Corporation (WRB) : Free Stock Analysis Report
Tokio Marine Holdings Inc. (TKOMY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors interested in stocks from the Insurance - Property and Casualty sector have probably already heard of W.R. Berkley (WRB) and Tokio Marine Holdings Inc. (TKOMY). The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight stocks with specific traits. Value investors are also interested in a number of tried-and-true valuation metrics that help show when a company is undervalued at its current share price levels.
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Investors interested in stocks from the Insurance - Property and Casualty sector have probably already heard of W.R. Berkley (WRB) and Tokio Marine Holdings Inc. (TKOMY). W.R. Berkley has a Zacks Rank of #1 (Strong Buy), while Tokio Marine Holdings Inc. has a Zacks Rank of #5 (Strong Sell) right now. Click to get this free report W.R. Berkley Corporation (WRB) : Free Stock Analysis Report Tokio Marine Holdings Inc. (TKOMY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Our Value category highlights undervalued companies by looking at a variety of key metrics, including the popular P/E ratio, as well as the P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that have been used by value investors for years. These are just a few of the metrics contributing to WRB's Value grade of B and TKOMY's Value grade of F. WRB is currently sporting an improving earnings outlook, which makes it stick out in our Zacks Rank model. Click to get this free report W.R. Berkley Corporation (WRB) : Free Stock Analysis Report Tokio Marine Holdings Inc. (TKOMY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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W.R. Berkley has a Zacks Rank of #1 (Strong Buy), while Tokio Marine Holdings Inc. has a Zacks Rank of #5 (Strong Sell) right now. TKOMY currently has a PEG ratio of 5.85. Another notable valuation metric for WRB is its P/B ratio of 2.65.
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d89a8291-ef44-4a3d-91b0-5e27079465b4
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713227.0
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2023-12-12 00:00:00 UTC
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PBH or BSX: Which Is the Better Value Stock Right Now?
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DCOMP
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https://www.nasdaq.com/articles/pbh-or-bsx%3A-which-is-the-better-value-stock-right-now-1
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nan
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nan
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Investors looking for stocks in the Medical - Products sector might want to consider either Prestige Consumer Healthcare (PBH) or Boston Scientific (BSX). But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.
There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores work to identify stocks with specific traits.
Prestige Consumer Healthcare has a Zacks Rank of #2 (Buy), while Boston Scientific has a Zacks Rank of #3 (Hold) right now. Investors should feel comfortable knowing that PBH likely has seen a stronger improvement to its earnings outlook than BSX has recently. However, value investors will care about much more than just this.
Value investors are also interested in a number of tried-and-true valuation metrics that help show when a company is undervalued at its current share price levels.
Our Value category highlights undervalued companies by looking at a variety of key metrics, including the popular P/E ratio, as well as the P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that have been used by value investors for years.
PBH currently has a forward P/E ratio of 14.15, while BSX has a forward P/E of 27.98. We also note that PBH has a PEG ratio of 1.77. 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. BSX currently has a PEG ratio of 2.23.
Another notable valuation metric for PBH is its P/B ratio of 1.97. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. For comparison, BSX has a P/B of 4.30.
Based on these metrics and many more, PBH holds a Value grade of A, while BSX has a Value grade of C.
PBH sticks out from BSX in both our Zacks Rank and Style Scores models, so value investors will likely feel that PBH is the better option right now.
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
Prestige Consumer Healthcare Inc. (PBH) : Free Stock Analysis Report
Boston Scientific Corporation (BSX) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors looking for stocks in the Medical - Products sector might want to consider either Prestige Consumer Healthcare (PBH) or Boston Scientific (BSX). There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. Value investors are also interested in a number of tried-and-true valuation metrics that help show when a company is undervalued at its current share price levels.
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Investors looking for stocks in the Medical - Products sector might want to consider either Prestige Consumer Healthcare (PBH) or Boston Scientific (BSX). Based on these metrics and many more, PBH holds a Value grade of A, while BSX has a Value grade of C. PBH sticks out from BSX in both our Zacks Rank and Style Scores models, so value investors will likely feel that PBH is the better option right now. Click to get this free report Prestige Consumer Healthcare Inc. (PBH) : Free Stock Analysis Report Boston Scientific Corporation (BSX) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Our Value category highlights undervalued companies by looking at a variety of key metrics, including the popular P/E ratio, as well as the P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that have been used by value investors for years. Based on these metrics and many more, PBH holds a Value grade of A, while BSX has a Value grade of C. PBH sticks out from BSX in both our Zacks Rank and Style Scores models, so value investors will likely feel that PBH is the better option right now. Click to get this free report Prestige Consumer Healthcare Inc. (PBH) : Free Stock Analysis Report Boston Scientific Corporation (BSX) : Free Stock Analysis Report To read this article on Zacks.com click here.
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BSX currently has a PEG ratio of 2.23. Another notable valuation metric for PBH is its P/B ratio of 1.97. Based on these metrics and many more, PBH holds a Value grade of A, while BSX has a Value grade of C. PBH sticks out from BSX in both our Zacks Rank and Style Scores models, so value investors will likely feel that PBH is the better option right now.
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243586c7-c268-4e5b-8c98-f87e69a29bc6
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713228.0
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2023-12-12 00:00:00 UTC
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ACN vs. IT: Which Stock Should Value Investors Buy Now?
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DCOMP
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https://www.nasdaq.com/articles/acn-vs.-it%3A-which-stock-should-value-investors-buy-now
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nan
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nan
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Investors interested in Consulting Services stocks are likely familiar with Accenture (ACN) and Gartner (IT). But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.
Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while our Style Scores work to grade companies based on specific traits.
Accenture and Gartner are both sporting a Zacks Rank of # 2 (Buy) right now. The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that both of these companies have improving earnings outlooks. But this is only part of the picture for value investors.
Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels.
The Value category of the Style Scores system identifies undervalued companies by looking at a number of key metrics. These include the long-favored P/E ratio, P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that help us determine a company's fair value.
ACN currently has a forward P/E ratio of 28.08, while IT has a forward P/E of 41.06. We also note that ACN has a PEG ratio of 3.16. 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. IT currently has a PEG ratio of 5.59.
Another notable valuation metric for ACN is its P/B ratio of 8.13. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. By comparison, IT has a P/B of 62.97.
These metrics, and several others, help ACN earn a Value grade of B, while IT has been given a Value grade of C.
Both ACN and IT are impressive stocks with solid earnings outlooks, but based on these valuation figures, we feel that ACN is the superior value option right now.
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
Accenture PLC (ACN) : Free Stock Analysis Report
Gartner, Inc. (IT) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while our Style Scores work to grade companies based on specific traits. The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that both of these companies have improving earnings outlooks. Click to get this free report Accenture PLC (ACN) : Free Stock Analysis Report Gartner, Inc. (IT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that both of these companies have improving earnings outlooks. These metrics, and several others, help ACN earn a Value grade of B, while IT has been given a Value grade of C. Both ACN and IT are impressive stocks with solid earnings outlooks, but based on these valuation figures, we feel that ACN is the superior value option right now. Click to get this free report Accenture PLC (ACN) : Free Stock Analysis Report Gartner, Inc. (IT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that both of these companies have improving earnings outlooks. These metrics, and several others, help ACN earn a Value grade of B, while IT has been given a Value grade of C. Both ACN and IT are impressive stocks with solid earnings outlooks, but based on these valuation figures, we feel that ACN is the superior value option right now. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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6ba09207-3a59-4b09-acb4-bcc662994ae5
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713229.0
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2023-12-12 00:00:00 UTC
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LBRT or SLB: Which Is the Better Value Stock Right Now?
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DCOMP
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https://www.nasdaq.com/articles/lbrt-or-slb%3A-which-is-the-better-value-stock-right-now
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nan
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nan
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Investors interested in stocks from the Oil and Gas - Field Services sector have probably already heard of Liberty Oilfield Services (LBRT) and Schlumberger (SLB). But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.
We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits.
Right now, Liberty Oilfield Services is sporting a Zacks Rank of #2 (Buy), while Schlumberger has a Zacks Rank of #3 (Hold). This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that LBRT is likely seeing its earnings outlook improve to a greater extent. But this is just one factor that value investors are interested in.
Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels.
The Value category of the Style Scores system identifies undervalued companies by looking at a number of key metrics. These include the long-favored P/E ratio, P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that help us determine a company's fair value.
LBRT currently has a forward P/E ratio of 5.76, while SLB has a forward P/E of 17.67. We also note that LBRT has a PEG ratio of 0.68. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. SLB currently has a PEG ratio of 0.71.
Another notable valuation metric for LBRT is its P/B ratio of 1.74. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. By comparison, SLB has a P/B of 3.79.
These are just a few of the metrics contributing to LBRT's Value grade of A and SLB's Value grade of C.
LBRT sticks out from SLB in both our Zacks Rank and Style Scores models, so value investors will likely feel that LBRT is the better option right now.
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
Liberty Energy Inc. (LBRT) : Free Stock Analysis Report
Schlumberger Limited (SLB) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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 Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits. Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits. These are just a few of the metrics contributing to LBRT's Value grade of A and SLB's Value grade of C. LBRT sticks out from SLB in both our Zacks Rank and Style Scores models, so value investors will likely feel that LBRT is the better option right now. Click to get this free report Liberty Energy Inc. (LBRT) : Free Stock Analysis Report Schlumberger Limited (SLB) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits. These are just a few of the metrics contributing to LBRT's Value grade of A and SLB's Value grade of C. LBRT sticks out from SLB in both our Zacks Rank and Style Scores models, so value investors will likely feel that LBRT is the better option right now. Click to get this free report Liberty Energy Inc. (LBRT) : Free Stock Analysis Report Schlumberger Limited (SLB) : Free Stock Analysis Report To read this article on Zacks.com click here.
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SLB currently has a PEG ratio of 0.71. These are just a few of the metrics contributing to LBRT's Value grade of A and SLB's Value grade of C. LBRT sticks out from SLB in both our Zacks Rank and Style Scores models, so value investors will likely feel that LBRT is the better option right now. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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96425cdb-0fba-48a6-b493-4175332c173a
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713230.0
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2023-12-12 00:00:00 UTC
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FLS vs. NDSN: Which Stock Is the Better Value Option?
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DCOMP
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https://www.nasdaq.com/articles/fls-vs.-ndsn%3A-which-stock-is-the-better-value-option
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nan
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nan
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Investors interested in Manufacturing - General Industrial stocks are likely familiar with Flowserve (FLS) and Nordson (NDSN). But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.
We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight stocks with specific traits.
Flowserve has a Zacks Rank of #2 (Buy), while Nordson has a Zacks Rank of #3 (Hold) right now. This means that FLS's earnings estimate revision activity has been more impressive, so investors should feel comfortable with its improving analyst outlook. But this is only part of the picture for value investors.
Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels.
Our Value category highlights undervalued companies by looking at a variety of key metrics, including the popular P/E ratio, as well as the P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that have been used by value investors for years.
FLS currently has a forward P/E ratio of 19.93, while NDSN has a forward P/E of 26.13. We also note that FLS has a PEG ratio of 0.98. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. NDSN currently has a PEG ratio of 2.01.
Another notable valuation metric for FLS is its P/B ratio of 2.77. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. For comparison, NDSN has a P/B of 5.49.
Based on these metrics and many more, FLS holds a Value grade of B, while NDSN has a Value grade of D.
FLS stands above NDSN thanks to its solid earnings outlook, and based on these valuation figures, we also feel that FLS is the superior value option right now.
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
Flowserve Corporation (FLS) : Free Stock Analysis Report
Nordson Corporation (NDSN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight stocks with specific traits. This means that FLS's earnings estimate revision activity has been more impressive, so investors should feel comfortable with its improving analyst outlook. Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels.
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The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight stocks with specific traits. This means that FLS's earnings estimate revision activity has been more impressive, so investors should feel comfortable with its improving analyst outlook. Click to get this free report Flowserve Corporation (FLS) : Free Stock Analysis Report Nordson Corporation (NDSN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Our Value category highlights undervalued companies by looking at a variety of key metrics, including the popular P/E ratio, as well as the P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that have been used by value investors for years. Based on these metrics and many more, FLS holds a Value grade of B, while NDSN has a Value grade of D. FLS stands above NDSN thanks to its solid earnings outlook, and based on these valuation figures, we also feel that FLS is the superior value option right now. Click to get this free report Flowserve Corporation (FLS) : Free Stock Analysis Report Nordson Corporation (NDSN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Flowserve has a Zacks Rank of #2 (Buy), while Nordson has a Zacks Rank of #3 (Hold) right now. NDSN currently has a PEG ratio of 2.01. Based on these metrics and many more, FLS holds a Value grade of B, while NDSN has a Value grade of D. FLS stands above NDSN thanks to its solid earnings outlook, and based on these valuation figures, we also feel that FLS is the superior value option right now.
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f8a168c8-baf4-479f-a1e5-b5814c4d2780
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713231.0
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2023-12-12 00:00:00 UTC
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DNBBY vs. IBN: Which Stock Is the Better Value Option?
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DCOMP
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https://www.nasdaq.com/articles/dnbby-vs.-ibn%3A-which-stock-is-the-better-value-option
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nan
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nan
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Investors interested in Banks - Foreign stocks are likely familiar with DNB Bank ASA (DNBBY) and ICICI Bank Limited (IBN). But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.
The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while our Style Scores work to grade companies based on specific traits.
Currently, DNB Bank ASA has a Zacks Rank of #2 (Buy), while ICICI Bank Limited has a Zacks Rank of #3 (Hold). This means that DNBBY's earnings estimate revision activity has been more impressive, so investors should feel comfortable with its improving analyst outlook. However, value investors will care about much more than just this.
Value investors analyze a variety of traditional, tried-and-true metrics to help find companies that they believe are undervalued at their current share price levels.
Our Value category highlights undervalued companies by looking at a variety of key metrics, including the popular P/E ratio, as well as the P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that have been used by value investors for years.
DNBBY currently has a forward P/E ratio of 8.78, while IBN has a forward P/E of 18.60. We also note that DNBBY has a PEG ratio of 1.61. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. IBN currently has a PEG ratio of 1.86.
Another notable valuation metric for DNBBY is its P/B ratio of 1.31. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. By comparison, IBN has a P/B of 2.99.
These are just a few of the metrics contributing to DNBBY's Value grade of B and IBN's Value grade of F.
DNBBY stands above IBN thanks to its solid earnings outlook, and based on these valuation figures, we also feel that DNBBY is the superior value option right now.
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
DNB Bank ASA (DNBBY) : Free Stock Analysis Report
ICICI Bank Limited (IBN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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 best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. This means that DNBBY's earnings estimate revision activity has been more impressive, so investors should feel comfortable with its improving analyst outlook. Value investors analyze a variety of traditional, tried-and-true metrics to help find companies that they believe are undervalued at their current share price levels.
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Investors interested in Banks - Foreign stocks are likely familiar with DNB Bank ASA (DNBBY) and ICICI Bank Limited (IBN). Currently, DNB Bank ASA has a Zacks Rank of #2 (Buy), while ICICI Bank Limited has a Zacks Rank of #3 (Hold). Click to get this free report DNB Bank ASA (DNBBY) : Free Stock Analysis Report ICICI Bank Limited (IBN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Investors interested in Banks - Foreign stocks are likely familiar with DNB Bank ASA (DNBBY) and ICICI Bank Limited (IBN). These are just a few of the metrics contributing to DNBBY's Value grade of B and IBN's Value grade of F. DNBBY stands above IBN thanks to its solid earnings outlook, and based on these valuation figures, we also feel that DNBBY is the superior value option right now. Click to get this free report DNB Bank ASA (DNBBY) : Free Stock Analysis Report ICICI Bank Limited (IBN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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IBN currently has a PEG ratio of 1.86. These are just a few of the metrics contributing to DNBBY's Value grade of B and IBN's Value grade of F. DNBBY stands above IBN thanks to its solid earnings outlook, and based on these valuation figures, we also feel that DNBBY is the superior value option right now. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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637704a4-0b4c-4f4f-9a8a-e25552717fb5
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713232.0
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2023-12-12 00:00:00 UTC
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SPXC or TRI: Which Is the Better Value Stock Right Now?
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https://www.nasdaq.com/articles/spxc-or-tri%3A-which-is-the-better-value-stock-right-now
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Investors with an interest in Technology Services stocks have likely encountered both SPX Technologies (SPXC) and Thomson Reuters (TRI). But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.
We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores work to identify stocks with specific traits.
Right now, both SPX Technologies and Thomson Reuters are sporting a Zacks Rank of # 2 (Buy). The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that both of these companies have improving earnings outlooks. But this is only part of the picture for value investors.
Value investors also tend to look at a number of traditional, tried-and-true figures to help them find stocks that they believe are undervalued at their current share price levels.
The Value category of the Style Scores system identifies undervalued companies by looking at a number of key metrics. These include the long-favored P/E ratio, P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that help us determine a company's fair value.
SPXC currently has a forward P/E ratio of 22.33, while TRI has a forward P/E of 40.83. We also note that SPXC has a PEG ratio of 1.24. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. TRI currently has a PEG ratio of 3.67.
Another notable valuation metric for SPXC is its P/B ratio of 3.82. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. By comparison, TRI has a P/B of 5.71.
These metrics, and several others, help SPXC earn a Value grade of B, while TRI has been given a Value grade of C.
Both SPXC and TRI are impressive stocks with solid earnings outlooks, but based on these valuation figures, we feel that SPXC is the superior value option right now.
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
SPX Technologies, Inc. (SPXC) : Free Stock Analysis Report
Thomson Reuters Corp (TRI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Value investors also tend to look at a number of traditional, tried-and-true figures to help them find stocks that they believe are undervalued at their current share price levels. The Value category of the Style Scores system identifies undervalued companies by looking at a number of key metrics. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Investors with an interest in Technology Services stocks have likely encountered both SPX Technologies (SPXC) and Thomson Reuters (TRI). The Value category of the Style Scores system identifies undervalued companies by looking at a number of key metrics. Click to get this free report SPX Technologies, Inc. (SPXC) : Free Stock Analysis Report Thomson Reuters Corp (TRI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that both of these companies have improving earnings outlooks. These metrics, and several others, help SPXC earn a Value grade of B, while TRI has been given a Value grade of C. Both SPXC and TRI are impressive stocks with solid earnings outlooks, but based on these valuation figures, we feel that SPXC is the superior value option right now. Click to get this free report SPX Technologies, Inc. (SPXC) : Free Stock Analysis Report Thomson Reuters Corp (TRI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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TRI currently has a PEG ratio of 3.67. These metrics, and several others, help SPXC earn a Value grade of B, while TRI has been given a Value grade of C. Both SPXC and TRI are impressive stocks with solid earnings outlooks, but based on these valuation figures, we feel that SPXC is the superior value option right now. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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2023-12-12 00:00:00 UTC
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Loews Corp. Shares Approach 52-Week High - Market Mover
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https://www.nasdaq.com/articles/loews-corp.-shares-approach-52-week-high-market-mover-4
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Loews Corp. (L) shares closed today at 0.8% below its 52 week high of $70.88, giving the company a market cap of $15B. The stock is currently up 20.4% year-to-date, up 23.9% over the past 12 months, and up 58.9% over the past five years. This week, the Dow Jones Industrial Average rose 1.2%, and the S&P 500 rose 1.6%.
Trading Activity
Trading volume this week was 41.8% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.7.
Technical Indicators
The Relative Strength Index (RSI) on the stock was between 30 and 70.
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
The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 225.1%
The company's stock price performance over the past 12 months beats the peer average by 189.2%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -1324.6% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Loews Corp. (L) shares closed today at 0.8% below its 52 week high of $70.88, giving the company a market cap of $15B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.7. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 225.1% The company's stock price performance over the past 12 months beats the peer average by 189.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -1324.6% higher than the average peer.
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Loews Corp. (L) shares closed today at 0.8% below its 52 week high of $70.88, giving the company a market cap of $15B. This week, the Dow Jones Industrial Average rose 1.2%, and the S&P 500 rose 1.6%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 225.1% The company's stock price performance over the past 12 months beats the peer average by 189.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -1324.6% higher than the average peer.
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Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 225.1% The company's stock price performance over the past 12 months beats the peer average by 189.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -1324.6% higher than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This week, the Dow Jones Industrial Average rose 1.2%, and the S&P 500 rose 1.6%. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 225.1% The company's stock price performance over the past 12 months beats the peer average by 189.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -1324.6% higher than the average peer.
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2023-12-12 00:00:00 UTC
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Cadence Bank (CADE) Rises 5.9% on New Share Buyback Program
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https://www.nasdaq.com/articles/cadence-bank-cade-rises-5.9-on-new-share-buyback-program
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Cadence Bank CADE shares have gained 5.9% on Dec 14, following the announcement of the new share repurchase program. Under the plan, subject to the Federal Deposit Insurance Corporation approval, the board of directors of this Tupelo, MS-based bank has authorized the repurchase of up to an aggregate of 10 million shares of Cadence's common stock. The new program will be effective on Jan 2, 2024 and will expire on Dec 31, 2024.
Previously, CADE announced its stock repurchase program on Dec 14, 2022, which authorized the buyback of up to an aggregate of 10 million shares of the company’s common stock. This program commenced on Jan 3, 2023, and will end on Dec 29, 2023. However, the bank has not repurchased any shares under this repurchase program.
In addition to the share repurchase program, Cadence Bank also has a history of paying quarterly dividends. This October, CADE announced a quarterly dividend of 24 cents per share. The dividend will be paid out on Jan 2, 2024, to shareholders of record as of Dec 15, 2023.
Prior to this, the company hiked its dividend in January 2023 by 6.8% to 24 cents per share. It increased its dividend five times in the last five years. Based on the current payout rate, the annual dividend comes to 94 cents per share. This results in an annualized dividend yield of 3.18%, considering the last day’s closing price of $31.04 per share.
As of Sep 30, 2023, Cadence Bank had total cash and cash equivalents of $2 billion, higher than subordinated and long-term borrowings of $449 million. Also, the company’s debt/equity ratio of 0.11 compares favorably with the industry’s average of 0.30, reflecting its relatively robust financial health. Thus, given the strong liquidity position, it will be able to continue its capital distribution activities and keep enhancing shareholder value.
Shares of Cadence Bank have gained 44.8% over the past three months compared with the industry’s growth of 18.1%.
Image Source: Zacks Investment Research
Currently, the company carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Share Buyback Plans of Other Banks
Deutsche Bank AG DB has announced the completion of its share repurchase program. On Jul 25, 2023, Deutsche Bank received supervisory approvals for share repurchases of up to €450 million by 2023 end, which was 50% higher than in 2022.
Under the said plan, DB repurchased 45.5 million shares at a weighted average price of €9.88 per share between Aug 2 and Dec 8 of 2023.
Byline Bancorp, Inc. BY announced a new share repurchase plan. The company’s board of directors has authorized the repurchase of up to 1.25 million shares. The program will commence on Jan 1, 2024, and expire on Dec 31, 2024.
The repurchase authorization represents 2.9% of Byline’s outstanding common stock.
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
Deutsche Bank Aktiengesellschaft (DB) : Free Stock Analysis Report
Cadence Bank (CADE) : Free Stock Analysis Report
Byline Bancorp, Inc. (BY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Under the plan, subject to the Federal Deposit Insurance Corporation approval, the board of directors of this Tupelo, MS-based bank has authorized the repurchase of up to an aggregate of 10 million shares of Cadence's common stock. On Jul 25, 2023, Deutsche Bank received supervisory approvals for share repurchases of up to €450 million by 2023 end, which was 50% higher than in 2022. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Cadence Bank CADE shares have gained 5.9% on Dec 14, following the announcement of the new share repurchase program. Share Buyback Plans of Other Banks Deutsche Bank AG DB has announced the completion of its share repurchase program. Click to get this free report Deutsche Bank Aktiengesellschaft (DB) : Free Stock Analysis Report Cadence Bank (CADE) : Free Stock Analysis Report Byline Bancorp, Inc. (BY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Cadence Bank CADE shares have gained 5.9% on Dec 14, following the announcement of the new share repurchase program. Previously, CADE announced its stock repurchase program on Dec 14, 2022, which authorized the buyback of up to an aggregate of 10 million shares of the company’s common stock. Click to get this free report Deutsche Bank Aktiengesellschaft (DB) : Free Stock Analysis Report Cadence Bank (CADE) : Free Stock Analysis Report Byline Bancorp, Inc. (BY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Cadence Bank CADE shares have gained 5.9% on Dec 14, following the announcement of the new share repurchase program. Previously, CADE announced its stock repurchase program on Dec 14, 2022, which authorized the buyback of up to an aggregate of 10 million shares of the company’s common stock. However, the bank has not repurchased any shares under this repurchase program.
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2023-12-12 00:00:00 UTC
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The 3 Most Undervalued Battery Stocks to Buy in December
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https://www.nasdaq.com/articles/the-3-most-undervalued-battery-stocks-to-buy-in-december
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
It’s been a mixed year for electric vehicle stocks. Global adoption of EVs has continued amidst economic and inflationary headwinds. I believe that temporary headwinds are a good opportunity to accumulate quality EV stocks. Within the broad EV segment, there are some good opportunities among undervalued battery stocks.
Let me first talk about the reason to be bullish on EV batteries. Estimates indicate that the global EV market battery size is estimated at $198.9 billion by 2030. Between 2023 and the end of the decade, the market is expected to grow at a CAGR of 21.1%. Given this potential growth outlook, some of the best EV battery stocks can be massive value creators.
This column focuses on three ideas that are undervalued and look strong from a fundamental perspective. Over the next few years, these undervalued battery stocks are likely to outperform the industry.
Let’s discuss the reasons to be bullish.
Panasonic Holdings (PCRFY)
Source: testing/Shutterstock.com
Panasonic Holdings (OTCMKTS:PCRFY) is an undervalued and possibly the best battery stock to buy. At a forward price-earnings ratio of 7.8, PCRFY stock looks poised to double in the next 24 to 36 months. Additionally, the stock offers a dividend yield of 2.29% and I expect healthy dividend growth in the coming years.
An important point to note is that Panasonic has ambitious growth plans in the EV battery business. The company is targeting construction of four EV battery plans by 2031. This would translate into quadrupling of battery capacity to 200GWh as compared to the last financial year. The expansion plan would imply sustained revenue and cash flow upside.
It’s also worth mentioning that the company is planning to produce batteries for drones by 2029. This would be another big growth segment beyond the decade. Overall, Panasonic is an innovator and with aggressive growth plans, PCRFY stock is likely to be a value creator.
Lithium Americas (LAC)
Source: Wirestock Creators / Shutterstock.com
Lithium mining stocks have been depressed through 2023 on the back of a sharp correction in lithium price. However, some analysts believe that lithium shortage can come as early as 2025. It’s likely that lithium will bounce back relatively soon and so will lithium stocks.
A high-quality bet in the business is Lithium Americas (NYSE:LAC). The company’s Thacker Pass project promises to be a cash flow machine with a mine life of 40 years. Further, an after-tax net present value of $5.7 billion points to LAC stock trading at a significant valuation gap.
Another important point to note is that General Motors (NYSE:GM) is investing $650 million in the project. Financing timely completion of the project is unlikely to be a concern. Additionally, the off-take agreement by General Motors for 10 years provides revenue visibility.
My view is that LAC stock can be a five-bagger within the next five years. Current levels are therefore attractive for fresh exposure.
Microvast Holdings (MVST)
Source: Shutterstock
Microvast Holdings (NASDAQ:MVST) stock is among the penny undervalued battery stocks to consider. MVST stock has trended lower by 16% for year-to-date. The correction however seems overdone and I am positive on a reversal rally from current levels.
As an overview, Microvast is a designer and manufacturer of lithium-ion battery solutions. The company has more than 17 years of experience in the manufacture of lithium-ion batteries and has 630 (patents and patent applications) globally.
For Q3 2023, Microvast reported robust revenue growth of 107% on a year-on-year basis to $80.1 million. For the same period, the company’s adjusted gross margin expanded by 1,400 basis points to 24.2%. With an order backlog of $678.7 million, the growth visibility remains strong. Financial metrics also point to the fact that MVST stock is undervalued.
I also like the fact that Microvast has global presence. For the first nine months of 2023, Microvast derived 57% revenue from China. Further, Asia Pacific and other emerging markets contributed to 42% of revenue. With a big addressable market, the growth outlook is positive.
On the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector.
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The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors
The post The 3 Most Undervalued Battery Stocks to Buy in December appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Further, an after-tax net present value of $5.7 billion points to LAC stock trading at a significant valuation gap. More From InvestorPlace ChatGPT IPO Could Shock the World, Make This Move Before the Announcement Musk’s “Project Omega” May Be Set to Mint New Millionaires. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post The 3 Most Undervalued Battery Stocks to Buy in December appeared first on InvestorPlace.
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Panasonic Holdings (PCRFY) Source: testing/Shutterstock.com Panasonic Holdings (OTCMKTS:PCRFY) is an undervalued and possibly the best battery stock to buy. Lithium Americas (LAC) Source: Wirestock Creators / Shutterstock.com Lithium mining stocks have been depressed through 2023 on the back of a sharp correction in lithium price. Microvast Holdings (MVST) Source: Shutterstock Microvast Holdings (NASDAQ:MVST) stock is among the penny undervalued battery stocks to consider.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips It’s been a mixed year for electric vehicle stocks. Panasonic Holdings (PCRFY) Source: testing/Shutterstock.com Panasonic Holdings (OTCMKTS:PCRFY) is an undervalued and possibly the best battery stock to buy. Microvast Holdings (MVST) Source: Shutterstock Microvast Holdings (NASDAQ:MVST) stock is among the penny undervalued battery stocks to consider.
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Over the next few years, these undervalued battery stocks are likely to outperform the industry. I also like the fact that Microvast has global presence. With a big addressable market, the growth outlook is positive.
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2023-12-12 00:00:00 UTC
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Why Greenbrier Companies (GBX) is a Top Dividend Stock for Your Portfolio
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DCOMP
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https://www.nasdaq.com/articles/why-greenbrier-companies-gbx-is-a-top-dividend-stock-for-your-portfolio
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nan
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Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
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.
Greenbrier Companies in Focus
Greenbrier Companies (GBX) is headquartered in Lake Oswego, and is in the Transportation sector. The stock has seen a price change of 28.51% since the start of the year. The maker of railroad freight car equipment is currently shelling out a dividend of $0.3 per share, with a dividend yield of 2.78%. This compares to the Transportation - Equipment and Leasing industry's yield of 1.94% and the S&P 500's yield of 1.63%.
Looking at dividend growth, the company's current annualized dividend of $1.20 is up 8.1% from last year. Greenbrier Companies has increased its dividend 2 times on a year-over-year basis over the last 5 years for an average annual increase of 2.37%. Any future dividend growth will depend on both earnings growth and the company's payout ratio; a payout ratio is the proportion of a firm's annual earnings per share that it pays out as a dividend. Greenbrier's current payout ratio is 40%, meaning it paid out 40% of its trailing 12-month EPS as dividend.
Looking at this fiscal year, GBX expects solid earnings growth. The Zacks Consensus Estimate for 2023 is $3.50 per share, which represents a year-over-year growth rate of 17.85%.
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. During periods of rising interest rates, income investors must be mindful that high-yielding stocks tend to struggle. With that in mind, GBX is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at 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
Greenbrier Companies, Inc. (The) (GBX) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. Bottom Line Investors like dividends for many reasons; they greatly improve stock investing profits, decrease overall portfolio risk, and carry tax advantages, among others. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Greenbrier Companies in Focus Greenbrier Companies (GBX) is headquartered in Lake Oswego, and is in the Transportation sector. Looking at dividend growth, the company's current annualized dividend of $1.20 is up 8.1% from last year. Click to get this free report Greenbrier Companies, Inc. (The) (GBX) : Free Stock Analysis Report To read this article on Zacks.com click here.
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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. Looking at dividend growth, the company's current annualized dividend of $1.20 is up 8.1% from last year. Any future dividend growth will depend on both earnings growth and the company's payout ratio; a payout ratio is the proportion of a firm's annual earnings per share that it pays out as a dividend.
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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. Looking at dividend growth, the company's current annualized dividend of $1.20 is up 8.1% from last year. Any future dividend growth will depend on both earnings growth and the company's payout ratio; a payout ratio is the proportion of a firm's annual earnings per share that it pays out as a dividend.
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2023-12-12 00:00:00 UTC
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Why Nikola Stock Rocketed Higher This Week
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DCOMP
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https://www.nasdaq.com/articles/why-nikola-stock-rocketed-higher-this-week
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nan
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nan
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Growth stocks are having a big week in the markets. Some of the more speculative plays that depend on access to affordable capital are leading the way. One of those speculative companies is electric heavy truck maker Nikola (NASDAQ: NKLA).
The leading market indexes rose more than 2.5% this week, as of early Friday. Yet Nikola shares have skyrocketed nearly 30%, according to data provided by S&P Global Market Intelligence.
Cheaper capital ahead
On Wednesday the Federal Reserve announced it would be keeping interest rates steady, which was expected. Investors also hoped the Fed would signal that the current level of rates would represent a peak with the next moves being lower. That's exactly what happened.
It now appears the Fed is on the verge of a pivot toward a cycle of lowering rates. That will mean access to lower-cost capital for start-up companies like Nikola that need to fund growth. Nikola has already tapped the equity and debt markets several times in 2023 to bolster its balance sheet. Looking toward the next couple of years, Fed policymakers have implied they expect the federal funds rate to drop meaningfully from the current range of between 5.25% and 5.5% to below 3% for 2026.
Major risks remain
Nikola is in a particularly capital-intensive position as it seeks to grow both the infrastructure and market for hydrogen-fueled electric semitrucks. The expected lower interest rates will reduce the cost of borrowing for its capital projects, expansions, and research and development needs.
The more favorable interest rate environment is what drove investors into Nikola shares this week. But Nikola doesn't have much leeway to make things work. It pushed shareholders hard this year to approve the authorization to increase shares so it could use equity to raise money.
That means more dilution for existing shareholders is likely coming. An investment in Nikola could still pay off handsomely if it is successful in becoming a leader in hydrogen fuel cell-powered trucks. That operational success will determine if that's the case, or if the company and the stock don't thrive or even survive.
Should you invest $1,000 in Nikola right now?
Before you buy stock in Nikola, 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 Nikola 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
Howard Smith has positions in Nikola. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking toward the next couple of years, Fed policymakers have implied they expect the federal funds rate to drop meaningfully from the current range of between 5.25% and 5.5% to below 3% for 2026. Major risks remain Nikola is in a particularly capital-intensive position as it seeks to grow both the infrastructure and market for hydrogen-fueled electric semitrucks. The expected lower interest rates will reduce the cost of borrowing for its capital projects, expansions, and research and development needs.
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One of those speculative companies is electric heavy truck maker Nikola (NASDAQ: NKLA). The expected lower interest rates will reduce the cost of borrowing for its capital projects, expansions, and research and development needs. Before you buy stock in Nikola, 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 Nikola wasn't one of them.
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Before you buy stock in Nikola, 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 Nikola 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 Howard Smith has positions in Nikola.
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The more favorable interest rate environment is what drove investors into Nikola shares this week. Before you buy stock in Nikola, 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 Nikola wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Howard Smith has positions in Nikola.
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61031ef3-b6b8-4fc5-ba21-3013ab376625
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713238.0
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2023-12-12 00:00:00 UTC
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Cathie Wood Only Bought One Stock Yesterday -- This Is It
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https://www.nasdaq.com/articles/cathie-wood-only-bought-one-stock-yesterday-this-is-it
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nan
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Cathie Wood has been feasting in this current market climate. Growth stocks have stormed back into market fancy, and the Ark Invest founder, CEO, and tech investor has been rolling. Ark Invest's largest exchange-traded fund hit a new 18-month high on Thursday, soaring 68% so far in 2023. Wood appears to be back on track after back-to-back down years following her blowout 2020 performance.
Ark Invest publishes its daily transactions at the end of every trading day. As the lead investor, Wood has been active in recent weeks, with aggressive growth stocks leading the market rally. However, she was particularly quiet on Thursday. She added to only one existing position, which happens to be one of her smallest positions by market cap. Ark Invest's lone purchase was Nextdoor (NYSE: KIND). Yes, that Nextdoor. Let's take a closer look.
What's good in the neighborhood
There's a fair chance you're familiar with Nextdoor. It operates a hyperlocal discussion board that groups its members across 310,000 neighborhoods. It attracts 40.4 million weekly active users, representing roughly one-third of U.S. households. The platform's user-facing goal is noble, connecting folks with neighbors, businesses, and public services:
Our purpose is to cultivate a kinder world where everyone has a neighborhood they can rely on.
Even the stock's ticker symbol -- K-I-N-D -- implies a kindness nurtured in a community-building platform as folks help one another and lean on trusted sources. Reality isn't always as kind. You may run into scammers, local aspiring politicos getting into heated exchanges, or nosy neighbors complaining. However, that's also the same "slice of life" approach to online forums that can also help call out bad behavior.
Nextdoor works, but it doesn't mean the business itself has been successful as an investment. In a year of big gains across many of Cathie Wood's holdings, Nextdoor is down 9% this year through Thursday's close. The stock has plummeted 90% from the all-time high it hit the day it went public as a special purpose acquisition company (SPAC) in late 2021.
Sluggish growth for the ad-supported model hasn't helped. Revenue soared 56% the year it made its market debut. It's now coming off back-to-back quarters of a mere 4% in top-line growth.
Its net loss also widened in its latest quarter, a bad look in today's results-driven environment. Further, the stock took a hit after last month's third-quarter report announcing weak guidance and that it would be laying off 25% of its workforce. As Shakespeare's Hamlet once said -- and eventually Nick Lowe once sang -- you have to be cruel to be K-I-N-D sometimes.
Image source: Getty Images.
Knocking on Wood
Wood adding 74,783 shares of Nextdoor to her existing stake on Thursday isn't a big deal when you consider that the stock is trading for less than $2 a share. However, she has now increased her position in the social platform operator for eight trading days in a row.
It's one of her smallest holdings, with a market cap of $720 million, and that figure gets even smaller when you consider its cash-rich balance sheet. Nextdoor is losing money, but it's not going away anytime soon. It may have posted a record net loss of $38 million in its latest quarter, but it also has a net cash position of $472 million that drops its enterprise value to less than $250 million.
Nextdoor has a lot it needs to turn around beyond just the widening deficits. Its weekly active users have slipped sequentially in back-to-back reports. The $1.39 it generated in average revenue per weekly active user in the third quarter is 2% lower than a year ago, down 14% since it went public two years ago.
Turning things around might not be as difficult as it seems, not just because its cash-flush balance sheet puts a lot of sand in its hourglass. The online ad market should turn around for Nextdoor if the economy bounces back in 2024 and, with that, experiences a recovery in margin erosion, revenue per user, and the bottom line. Growing the platform's popularity will require a different lever to pull, but it will be easier to invest in user acquisition if the financials are improving.
Will 2024 be the year Nextdoor finally lives up to its ticker symbol? Wood apparently thinks so, making it her lone stock purchase on Thursday.
Should you invest $1,000 in Nextdoor right now?
Before you buy stock in Nextdoor, 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 Nextdoor 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 Nextdoor. The Motley Fool has positions in and recommends Nextdoor. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The platform's user-facing goal is noble, connecting folks with neighbors, businesses, and public services: Our purpose is to cultivate a kinder world where everyone has a neighborhood they can rely on. Even the stock's ticker symbol -- K-I-N-D -- implies a kindness nurtured in a community-building platform as folks help one another and lean on trusted sources. The online ad market should turn around for Nextdoor if the economy bounces back in 2024 and, with that, experiences a recovery in margin erosion, revenue per user, and the bottom line.
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As the lead investor, Wood has been active in recent weeks, with aggressive growth stocks leading the market rally. Knocking on Wood Wood adding 74,783 shares of Nextdoor to her existing stake on Thursday isn't a big deal when you consider that the stock is trading for less than $2 a share. Before you buy stock in Nextdoor, 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 Nextdoor wasn't one of them.
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Knocking on Wood Wood adding 74,783 shares of Nextdoor to her existing stake on Thursday isn't a big deal when you consider that the stock is trading for less than $2 a share. Before you buy stock in Nextdoor, 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 Nextdoor wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Rick Munarriz has positions in Nextdoor.
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Yes, that Nextdoor. In a year of big gains across many of Cathie Wood's holdings, Nextdoor is down 9% this year through Thursday's close. Should you invest $1,000 in Nextdoor right now?
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409f5e0a-0e2f-420b-bf60-06923d7801e6
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713239.0
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2023-12-12 00:00:00 UTC
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Mastercard (MA) Partners to Accelerate Digitization in MENA
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https://www.nasdaq.com/articles/mastercard-ma-partners-to-accelerate-digitization-in-mena
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Mastercard Incorporated MA recently collaborated with Further Ventures to aid in developing the fintech infrastructure in the UAE and the MENA region. Further Ventures, based in Abu Dhabi, is a venture capital firm aimed at supporting innovative startups from the ideation to the exit stage. This will help MA to tap into the opportunities in the growing fintech space of the MENA region.
Mastercard’s aim of infusing greater digitization in the MENA region is also reflected by its partnerships with financial institutions. On Dec 13, 2023, MA partnered with I&M Bank Uganda to transform the banking and payment experience of customers. This move will result in improved payment volumes, directly translating to higher revenues in the future.
Mastercard will aid the fund with its advanced payment solutions, technologies, and platforms. This will help the company achieve its objective of bringing 50 micro, small and medium enterprises globally by 2025 to the digital economy. Moreover, MA will also initiate an investment for the fund’s success. As fintech companies thrive as a result of proper funding, MA would benefit from increased digitization and improved possibilities of penetrating the market as a payment processor.
Further Ventures fund is backed by ADQ with $200 million in funds. The purpose of this fund is to invest in ventures building futuristic financial infrastructure. This fund invests in ventures ranging from SME Finance and virtual asset payment products to blockchain-based solutions. Per an industry report by Magnitt, MENA startups raised a whopping $643 million in late-stage funding in the first half of 2023, overtaking the global numbers. Collaborating with this fund is a time-opportune move for Mastercard, as MA will be able to leverage investment opportunities in the region and help digitize the economies.
Shares of Mastercard have gained 20.4% in the year-to-date period compared with the industry’s 19.7% growth. MA 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 Limbach Holdings, Inc. LMB, The Brink's Company BCO and FTI Consulting, Inc. FCN. While Limbach sports a Zacks Rank #1 (Strong Buy), Brink’s and FTI Consulting 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 Limbach outpaced estimates in each of the last four quarters, the average surprise being 92.1%. The Zacks Consensus Estimate for LMB’s 2023 earnings is pegged at $1.75 per share, which indicates an increase of nearly three-fold from the year-ago reported figure. The consensus mark for revenues suggests growth of 1.6% from the year-ago reported number. The consensus mark for LMB’s 2023 earnings has moved 28.7% north in the past 60 days.
Brink’s earnings outpaced estimates in three of the trailing four quarters and missed the mark once, the average surprise being 3.6%. The Zacks Consensus Estimate for BCO’s 2023 earnings suggests an improvement of 13.7% from the year-ago reported figure. The consensus mark for revenues suggests growth of 7.5% from the year-ago reported number. The consensus mark for BCO’s 2023 earnings has moved 0.1% north in the past 60 days.
The bottom line of FTI Consulting outpaced estimates in three of the last four quarters and missed the mark once, the average surprise being 8.5%. The Zacks Consensus Estimate for FCN’s 2023 earnings suggests an improvement of 3.4% from the year-ago reported figure. The consensus mark for revenues suggests growth of 12.1% from the year-ago actual. The consensus mark for FCN’s 2023 earnings has moved 3.9% north in the past 60 days.
Shares of Limbach, Brink’s and FTI Consulting have gained 294.7%, 58.3% and 33.6%, 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
Mastercard Incorporated (MA) : Free Stock Analysis Report
FTI Consulting, Inc. (FCN) : Free Stock Analysis Report
Brink's Company (The) (BCO) : Free Stock Analysis Report
Limbach Holdings, Inc. (LMB) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Mastercard Incorporated MA recently collaborated with Further Ventures to aid in developing the fintech infrastructure in the UAE and the MENA region. As fintech companies thrive as a result of proper funding, MA would benefit from increased digitization and improved possibilities of penetrating the market as a payment processor. Per an industry report by Magnitt, MENA startups raised a whopping $643 million in late-stage funding in the first half of 2023, overtaking the global numbers.
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Image Source: Zacks Investment Research Stocks to Consider Some better-ranked stocks in the Business Services space are Limbach Holdings, Inc. LMB, The Brink's Company BCO and FTI Consulting, Inc. FCN. While Limbach sports a Zacks Rank #1 (Strong Buy), Brink’s and FTI Consulting carry a Zacks Rank #2 (Buy) at present. Click to get this free report Mastercard Incorporated (MA) : Free Stock Analysis Report FTI Consulting, Inc. (FCN) : Free Stock Analysis Report Brink's Company (The) (BCO) : Free Stock Analysis Report Limbach Holdings, Inc. (LMB) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Image Source: Zacks Investment Research Stocks to Consider Some better-ranked stocks in the Business Services space are Limbach Holdings, Inc. LMB, The Brink's Company BCO and FTI Consulting, Inc. FCN. The Zacks Consensus Estimate for BCO’s 2023 earnings suggests an improvement of 13.7% from the year-ago reported figure. Click to get this free report Mastercard Incorporated (MA) : Free Stock Analysis Report FTI Consulting, Inc. (FCN) : Free Stock Analysis Report Brink's Company (The) (BCO) : Free Stock Analysis Report Limbach Holdings, Inc. (LMB) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Further Ventures fund is backed by ADQ with $200 million in funds. Collaborating with this fund is a time-opportune move for Mastercard, as MA will be able to leverage investment opportunities in the region and help digitize the economies. Image Source: Zacks Investment Research Stocks to Consider Some better-ranked stocks in the Business Services space are Limbach Holdings, Inc. LMB, The Brink's Company BCO and FTI Consulting, Inc. FCN.
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2c016f1a-66a6-41a8-ac1a-5071d21ed7ab
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713240.0
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2023-12-12 00:00:00 UTC
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TotalEnergies (TTE) to Build 216MW Solar Unit in South Africa
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DCOMP
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https://www.nasdaq.com/articles/totalenergies-tte-to-build-216mw-solar-unit-in-south-africa
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TotalEnergies SE TTE announced that along with partners Hydra Storage Holding and Reatile Renewables, it has launched the construction of a major hybrid renewables project in South Africa, comprising a 216 megawatt (MW) solar plant and a 500 MWh battery storage system. This project is expected to start commercial operation in 2025 and provide clean energy to customers in South Africa longer than the available sunshine.
This project will supply dispatchable renewable electricity to the South African national grid for twenty years, equivalent to more than 400 gigawatt hours per year. Per the Power Purchase Agreement signed in November and courtesy of the storage system, the project will supply 75 MW of dispatchable power to the national utility Eskom on a continuous basis.
This hybrid renewable project will assist South Africa in its transition toward clean electricity generation and will expand TTE’s global portfolio of clean energy.
TotalEnergies' Vision
TotalEnergies has an ambition to become net zero by 2050. To achieve this target, it is adding more clean projects to its portfolio. TTE has already decided its long-term renewable energy goal of generating more than 100 terawatt hours of clean energy by 2030. The company has been increasing its renewable energy portfolio through acquisitions, partnerships and organic methods.
In 2022-end, TTE had a gross renewable electricity generation installed capacity of 17 gigawatt (GW). It will make substantial investments each year in its renewable business to expand operations globally. This hybrid renewable energy will assist the company in meeting its long-term renewable goal.
This oil and gas major is gradually building a portfolio of low-carbon businesses that could account for 15-20% of its sales by 2040.
Renewable Energy Gaining Traction
A transition in the energy space is evident, with industries now focusing on lowering emissions and planning to use energy generated from clean sources. Utilities are expanding their clean energy generation portfolios. Creating and operating large utility-scale renewable projects are viable, courtesy of the technological development of large battery storage projects. Battery storage projects are making renewable projects more dependable.
Per the latest International Energy Agency release, renewable energy will account for nearly 50% of the global electricity mix, up from 30% at the present level. Undoubtedly, this will create a massive demand for renewable projects and the companies that are investing in the clean energy space can enjoy the enormous increase in demand.
Along with TotalEnergies, other oil and gas companies like ExxonMobil Corporation XOM, BP plc BP and Chevron Corporation CVX are also adopting measures to reduce emissions from operations.
To meet the growing demand for clean fuels, ExxonMobil has been working to reduce emissions by developing more efficient fuels. The company intends to invest billions of dollars in emission-reduction projects over the next few years. XOM has developed an ambitious roadmap to achieve net-zero Scope 1 and net-zero Scope 2 GHG emissions by 2030 for unconventionally operated assets.
BP has established an ambitious energy transition strategy to take advantage of the growing demand for sustainable energy. It plans to reduce emissions from its operations by 30-35% by 2030.
CVX is making efforts to lower methane emissions. The company has adopted an upstream methane-intensity target of 2.0 kg CO2e/boe by 2028, which represents a 57% reduction from its 2016 baseline. It has reduced its methane intensity by more than 50% and is actively working to end routine flaring by 2030.
Price Performance
Over the past year, shares of TTE have surged 13.7% compared with the industry’s growth of 6.2%.
Image Source: Zacks Investment Research
Zacks Rank
TotalEnergies currently has a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 Rank (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
BP p.l.c. (BP) : Free Stock Analysis Report
Chevron Corporation (CVX) : Free Stock Analysis Report
Exxon Mobil Corporation (XOM) : Free Stock Analysis Report
TotalEnergies SE Sponsored ADR (TTE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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TotalEnergies SE TTE announced that along with partners Hydra Storage Holding and Reatile Renewables, it has launched the construction of a major hybrid renewables project in South Africa, comprising a 216 megawatt (MW) solar plant and a 500 MWh battery storage system. This project is expected to start commercial operation in 2025 and provide clean energy to customers in South Africa longer than the available sunshine. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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This hybrid renewable project will assist South Africa in its transition toward clean electricity generation and will expand TTE’s global portfolio of clean energy. Along with TotalEnergies, other oil and gas companies like ExxonMobil Corporation XOM, BP plc BP and Chevron Corporation CVX are also adopting measures to reduce emissions from operations. (BP) : Free Stock Analysis Report Chevron Corporation (CVX) : Free Stock Analysis Report Exxon Mobil Corporation (XOM) : Free Stock Analysis Report TotalEnergies SE Sponsored ADR (TTE) : Free Stock Analysis Report To read this article on Zacks.com click here.
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This hybrid renewable project will assist South Africa in its transition toward clean electricity generation and will expand TTE’s global portfolio of clean energy. Renewable Energy Gaining Traction A transition in the energy space is evident, with industries now focusing on lowering emissions and planning to use energy generated from clean sources. (BP) : Free Stock Analysis Report Chevron Corporation (CVX) : Free Stock Analysis Report Exxon Mobil Corporation (XOM) : Free Stock Analysis Report TotalEnergies SE Sponsored ADR (TTE) : Free Stock Analysis Report To read this article on Zacks.com click here.
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This hybrid renewable project will assist South Africa in its transition toward clean electricity generation and will expand TTE’s global portfolio of clean energy. Along with TotalEnergies, other oil and gas companies like ExxonMobil Corporation XOM, BP plc BP and Chevron Corporation CVX are also adopting measures to reduce emissions from operations. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research?
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de553a32-3c5e-4d4b-81ea-05f5d6da0071
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713241.0
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2023-12-12 00:00:00 UTC
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After Golden Cross, BrightSpire (BRSP)'s Technical Outlook is Bright
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https://www.nasdaq.com/articles/after-golden-cross-brightspire-brsps-technical-outlook-is-bright
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BrightSpire Capital, Inc. (BRSP) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, BRSP's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross."
A golden cross is a technical chart pattern that can signify a potential bullish breakout. It's formed from a crossover involving a security's short-term moving average breaking above a longer-term moving average, with the most common moving averages being the 50-day and the 200-day, since bigger time periods tend to form stronger breakouts.
There are three stages to a golden cross. First, there must be a downtrend in a stock's price that eventually bottoms out. Then, the stock's shorter moving average crosses over its longer moving average, triggering a positive trend reversal. The third stage is when a stock continues the upward momentum to higher prices.
A golden cross is the opposite of a death cross, another technical event that indicates bearish price movement may be on the horizon.
BRSP has rallied 16.2% over the past four weeks, and the company is a #1 (Strong Buy) on the Zacks Rank at the moment. This combination indicates BRSP could be poised for a breakout.
Once investors consider BRSP's positive earnings outlook for the current quarter, the bullish case only solidifies. No earnings estimate has gone lower in the past two months compared to 3 revisions higher, and the Zacks Consensus Estimate has increased as well.
Investors may want to watch BRSP for more gains in the near future given the company's key technical level and positive earnings estimate revisions.
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
BrightSpire Capital, Inc. (BRSP) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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BrightSpire Capital, Inc. (BRSP) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Investors may want to watch BRSP for more gains in the near future given the company's key technical level and positive earnings estimate revisions. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Recently, BRSP's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross." Investors may want to watch BRSP for more gains in the near future given the company's key technical level and positive earnings estimate revisions. Click to get this free report BrightSpire Capital, Inc. (BRSP) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Recently, BRSP's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross." It's formed from a crossover involving a security's short-term moving average breaking above a longer-term moving average, with the most common moving averages being the 50-day and the 200-day, since bigger time periods tend to form stronger breakouts. Then, the stock's shorter moving average crosses over its longer moving average, triggering a positive trend reversal.
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Recently, BRSP's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross." A golden cross is a technical chart pattern that can signify a potential bullish breakout. No earnings estimate has gone lower in the past two months compared to 3 revisions higher, and the Zacks Consensus Estimate has increased as well.
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98ab3169-72b3-458a-a66b-33ea84fc90c4
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713242.0
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2023-12-12 00:00:00 UTC
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Hubbell (HUBB) Exceeds Market Returns: Some Facts to Consider
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DCOMP
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https://www.nasdaq.com/articles/hubbell-hubb-exceeds-market-returns%3A-some-facts-to-consider
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nan
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In the latest market close, Hubbell (HUBB) reached $319.03, with a +1.32% movement compared to the previous day. The stock exceeded the S&P 500, which registered a gain of 0.46% for the day. On the other hand, the Dow registered a gain of 0.48%, and the technology-centric Nasdaq increased by 0.7%.
The electrical products manufacturer's stock has climbed by 8.28% in the past month, exceeding the Industrial Products sector's gain of 6.59% and the S&P 500's gain of 4.85%.
Market participants will be closely following the financial results of Hubbell in its upcoming release. The company's upcoming EPS is projected at $3.56, signifying a 36.92% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $1.31 billion, up 7.63% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $15.19 per share and a revenue of $5.34 billion, demonstrating changes of +43.03% and +7.92%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Hubbell. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system 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. Over the past month, there's been no change in the Zacks Consensus EPS estimate. At present, Hubbell boasts a Zacks Rank of #3 (Hold).
Investors should also note Hubbell's current valuation metrics, including its Forward P/E ratio of 20.74. This signifies no noticeable deviation in comparison to the average Forward P/E of 20.74 for its industry.
Meanwhile, HUBB's PEG ratio is currently 2.07. 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 average PEG ratio for the Manufacturing - Electrical Utilities industry stood at 2.07 at the close of the market yesterday.
The Manufacturing - Electrical Utilities industry is part of the Industrial Products sector. With its current Zacks Industry Rank of 90, this industry ranks in the top 36% of all industries, numbering over 250.
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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential. The average PEG ratio for the Manufacturing - Electrical Utilities industry stood at 2.07 at the close of the market yesterday. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
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The electrical products manufacturer's stock has climbed by 8.28% in the past month, exceeding the Industrial Products sector's gain of 6.59% and the S&P 500's gain of 4.85%. The company's upcoming EPS is projected at $3.56, signifying a 36.92% increase compared to the same quarter of the previous year. The average PEG ratio for the Manufacturing - Electrical Utilities industry stood at 2.07 at the close of the market yesterday.
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The electrical products manufacturer's stock has climbed by 8.28% in the past month, exceeding the Industrial Products sector's gain of 6.59% and the S&P 500's gain of 4.85%. With its current Zacks Industry Rank of 90, this industry ranks in the top 36% of all industries, numbering over 250. 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.
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With its current Zacks Industry Rank of 90, this industry ranks in the top 36% of all industries, numbering over 250. Zacks Investment Research has just released an urgent special report to help you bank on this trend. Want the latest recommendations from Zacks Investment Research?
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36bf7e64-bd70-4ba0-9813-1980af274a05
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713243.0
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2023-12-12 00:00:00 UTC
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Cbiz Inc Shares Climb 1.0% Past Previous 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/cbiz-inc-shares-climb-1.0-past-previous-52-week-high-market-mover
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nan
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nan
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Cbiz Inc (CBZ) shares closed 1.0% higher than its previous 52 week high, giving the company a market cap of $2B. The stock is currently up 26.1% year-to-date, up 18.2% over the past 12 months, and up 193.0% over the past five years. This week, the Dow Jones Industrial Average rose 1.2%, and the S&P 500 rose 1.6%.
Trading Activity
Trading volume this week was 22.7% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.9.
Technical Indicators
The Relative Strength Index (RSI) on the stock was between 30 and 70.
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 , lags it on a 1-year basis, and beats 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 beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 34.4%
The company's stock price performance over the past 12 months beats the peer average by 54.8%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -68.4% 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.
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Cbiz Inc (CBZ) shares closed 1.0% higher than its previous 52 week high, giving the company a market cap of $2B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.9. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats 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 beats it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 34.4% The company's stock price performance over the past 12 months beats the peer average by 54.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -68.4% lower than the average peer.
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This week, the Dow Jones Industrial Average rose 1.2%, and the S&P 500 rose 1.6%. Trading Activity Trading volume this week was 22.7% lower than the 20-day average. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats 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 beats it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 34.4% The company's stock price performance over the past 12 months beats the peer average by 54.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -68.4% lower than the average peer.
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Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats 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 beats it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 34.4% The company's stock price performance over the past 12 months beats the peer average by 54.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -68.4% 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.
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This week, the Dow Jones Industrial Average rose 1.2%, and the S&P 500 rose 1.6%. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats 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 beats it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 34.4% The company's stock price performance over the past 12 months beats the peer average by 54.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -68.4% lower than the average peer.
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4a3b5535-4d9f-4cfb-9e10-5755756bf453
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713244.0
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2023-12-12 00:00:00 UTC
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Universal Corp. Shares Climb 1.9% Past Previous 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/universal-corp.-shares-climb-1.9-past-previous-52-week-high-market-mover
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nan
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nan
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Universal Corp. (UVV) shares closed 1.9% higher than its previous 52 week high, giving the company a market cap of $1B. The stock is currently up 21.7% year-to-date, up 18.6% over the past 12 months, and up 25.6% over the past five years. This week, the Dow Jones Industrial Average rose 1.2%, and the S&P 500 rose 1.6%.
Trading Activity
Trading volume this week was 109.8% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.5.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis
The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and lags it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by -389.4%
The company's stock price performance over the past 12 months beats the peer average by -384.7%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 9.4% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Universal Corp. (UVV) shares closed 1.9% higher than its previous 52 week high, giving the company a market cap of $1B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.5. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -389.4% The company's stock price performance over the past 12 months beats the peer average by -384.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 9.4% higher than the average peer.
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Universal Corp. (UVV) shares closed 1.9% higher than its previous 52 week high, giving the company a market cap of $1B. This week, the Dow Jones Industrial Average rose 1.2%, and the S&P 500 rose 1.6%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -389.4% The company's stock price performance over the past 12 months beats the peer average by -384.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 9.4% higher than the average peer.
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Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -389.4% The company's stock price performance over the past 12 months beats the peer average by -384.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 9.4% higher than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Universal Corp. (UVV) shares closed 1.9% higher than its previous 52 week high, giving the company a market cap of $1B. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -389.4% The company's stock price performance over the past 12 months beats the peer average by -384.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 9.4% higher than the average peer.
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8dab886f-735b-4817-be7e-b73d4f112afb
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713245.0
|
2023-12-12 00:00:00 UTC
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General Dynamics Corp. Shares Climb 0.4% Past Previous 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/general-dynamics-corp.-shares-climb-0.4-past-previous-52-week-high-market-mover
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nan
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nan
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General Dynamics Corp. (GD) shares closed 0.4% higher than its previous 52 week high, giving the company a market cap of $69B. The stock is currently up 4.5% year-to-date, up 3.8% over the past 12 months, and up 67.3% over the past five years. This week, the Dow Jones Industrial Average rose 1.2%, and the S&P 500 rose 1.6%.
Trading Activity
Trading volume this week was 2.8% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.5.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date lags the peer average by -74.8%
The company's stock price performance over the past 12 months lags the peer average by -82.1%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -224.1% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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General Dynamics Corp. (GD) shares closed 0.4% higher than its previous 52 week high, giving the company a market cap of $69B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.5. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -74.8% The company's stock price performance over the past 12 months lags the peer average by -82.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -224.1% higher than the average peer.
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General Dynamics Corp. (GD) shares closed 0.4% higher than its previous 52 week high, giving the company a market cap of $69B. This week, the Dow Jones Industrial Average rose 1.2%, and the S&P 500 rose 1.6%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -74.8% The company's stock price performance over the past 12 months lags the peer average by -82.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -224.1% higher than the average peer.
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Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -74.8% The company's stock price performance over the past 12 months lags the peer average by -82.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -224.1% higher than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This week, the Dow Jones Industrial Average rose 1.2%, and the S&P 500 rose 1.6%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -74.8% The company's stock price performance over the past 12 months lags the peer average by -82.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -224.1% higher than the average peer.
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06fc119f-990a-47fb-890c-9746db30df65
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713246.0
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2023-12-12 00:00:00 UTC
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Main Street Capital Corporation Shares Climb 0.3% Past Previous 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/main-street-capital-corporation-shares-climb-0.3-past-previous-52-week-high-market-mover-0
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nan
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nan
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Main Street Capital Corporation (MAIN) shares closed 0.3% higher than its previous 52 week high, giving the company a market cap of $3B. The stock is currently up 25.0% year-to-date, up 23.8% over the past 12 months, and up 65.1% over the past five years. This week, the Dow Jones Industrial Average rose 1.2%, and the S&P 500 rose 1.6%.
Trading Activity
Trading volume this week was 11.8% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.7.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis
The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 300.3%
The company's stock price performance over the past 12 months beats the peer average by 295.9%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -62.5% 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.
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Main Street Capital Corporation (MAIN) shares closed 0.3% higher than its previous 52 week high, giving the company a market cap of $3B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.7. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 300.3% The company's stock price performance over the past 12 months beats the peer average by 295.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -62.5% lower than the average peer.
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Main Street Capital Corporation (MAIN) shares closed 0.3% higher than its previous 52 week high, giving the company a market cap of $3B. This week, the Dow Jones Industrial Average rose 1.2%, and the S&P 500 rose 1.6%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 300.3% The company's stock price performance over the past 12 months beats the peer average by 295.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -62.5% lower than the average peer.
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Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 300.3% The company's stock price performance over the past 12 months beats the peer average by 295.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -62.5% 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.
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Trading Activity Trading volume this week was 11.8% higher than the 20-day average. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 300.3% The company's stock price performance over the past 12 months beats the peer average by 295.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -62.5% lower than the average peer.
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972e6199-38dc-44bb-ade0-742ae9f63915
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713247.0
|
2023-12-12 00:00:00 UTC
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Home Depot, Inc. Shares Climb 2.7% Past Previous 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/home-depot-inc.-shares-climb-2.7-past-previous-52-week-high-market-mover
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nan
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nan
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Home Depot, Inc. (HD) shares closed 2.7% higher than its previous 52 week high, giving the company a market cap of $331B. The stock is currently up 8.4% year-to-date, up 4.4% over the past 12 months, and up 116.3% over the past five years. This week, the Dow Jones Industrial Average rose 1.2%, and the S&P 500 rose 1.6%.
Trading Activity
Trading volume this week was 14.7% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.0.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Consumer Discretionary industry sector , lags it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date lags the peer average by -72.9%
The company's stock price performance over the past 12 months lags the peer average by -83.5%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 139.5% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Home Depot, Inc. (HD) shares closed 2.7% higher than its previous 52 week high, giving the company a market cap of $331B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.0. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Discretionary industry sector , lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -72.9% The company's stock price performance over the past 12 months lags the peer average by -83.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 139.5% higher than the average peer.
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Home Depot, Inc. (HD) shares closed 2.7% higher than its previous 52 week high, giving the company a market cap of $331B. This week, the Dow Jones Industrial Average rose 1.2%, and the S&P 500 rose 1.6%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Discretionary industry sector , lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -72.9% The company's stock price performance over the past 12 months lags the peer average by -83.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 139.5% higher than the average peer.
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Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Discretionary industry sector , lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -72.9% The company's stock price performance over the past 12 months lags the peer average by -83.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 139.5% higher than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This week, the Dow Jones Industrial Average rose 1.2%, and the S&P 500 rose 1.6%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Discretionary industry sector , lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -72.9% The company's stock price performance over the past 12 months lags the peer average by -83.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 139.5% higher than the average peer.
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cd6f5bc4-2a87-407e-b412-ba85f30cc84c
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713248.0
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2023-12-12 00:00:00 UTC
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Catalent (CTLT) Up 4.1% Since Last Earnings Report: Can It Continue?
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DCOMP
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https://www.nasdaq.com/articles/catalent-ctlt-up-4.1-since-last-earnings-report%3A-can-it-continue
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nan
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nan
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A month has gone by since the last earnings report for Catalent (CTLT). Shares have added about 4.1% in that time frame, underperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Catalent due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.
Catalent Preliminary Q1 Revenues Dampened by Lower Sales
Catalent reported preliminary first-quarter fiscal 2024 adjusted loss per share of 10 cents against the year-over-year period’s earnings per share of 34 cents. The metric was narrower than the Zacks Consensus Estimate of a loss of 13 cents per share.
The adjustments include charges related to amortization, and acquisition, integration and other special items’ costs, among others.
The company’s GAAP loss per share (including non-cash goodwill impairment charges of $700 million and incorporating the effect of a $29 million deferred tax adjustment) was $3.94 during the quarter, against the year-over-year period’s breakeven earnings per share.
Revenues in Detail
Per the preliminary report, revenues grossed $982 million in the reported quarter, down 3.9% year over year. However, the metric surpassed the Zacks Consensus Estimate by 5.2%.
At CER, revenues were also down 6%.
The top line was hampered by soft performances in its Biologics segment in the reported quarter.
Organic net revenues (excluding the impact of acquisitions, divestitures and currency translation) decreased 8% year over year.
Segments in Detail
Per Catalent’s new organizational structure, it reports via two segments — Biologics and PCH.
Per the preliminary report, revenues in the Biologics segment fell 14.5% year over year on a reported basis (down 16% at CER) to $447 million in the quarter under review. The decline was primarily due to significantly lower year-on-year COVID-19 demand.
Per the preliminary report, revenues in the PCH segment increased 7.2% from the year-ago period (up 5% at CER) to $535 million. The segment's revenue growth was primarily driven by the prior year's acquisition of Metrics.
Operational Update
In the quarter under review, Catalent’s gross profit fell 29.8% to $181 million. The gross margin contracted 681 basis points to 18.4%.
Selling, general and administrative expenses rose 9.7% to $215 million year over year.
Adjusted operating loss totaled $34 million against the prior-year quarter’s adjusted operating profit of $62 million.
Financial Update
Catalent exited first-quarter fiscal 2024 with cash and cash equivalents of $209 million compared with $280 million at the end of fiscal 2023. Total debt at the first-quarter fiscal 2024-end was $4.95 billion compared with $4.85 billion at the end of fiscal 2023.
Net cash used in operating activities at the end of first-quarter fiscal 2023 was $70 million compared with $92 million a year ago.
Guidance
Catalent has revised its financial outlook for fiscal 2024.
The company continues to project revenues between $4,300 million and $4,500 million for the full year, reflecting growth of 1-5% from the comparable fiscal 2023 period. The Zacks Consensus Estimate for fiscal 2024 revenues is currently pegged at $4.35 billion.
COVID revenues for the full fiscal year are now projected to be $180 million, up from the previous outlook of $130 million.
PCH revenues for the full fiscal year are continued to be projected to be mid- to high-single-digit revenue growth.
How Have Estimates Been Moving Since Then?
It turns out, estimates review have trended downward during the past month.
The consensus estimate has shifted -221.88% due to these changes.
VGM Scores
At this time, Catalent has a poor Growth Score of F, a grade with the same score on the momentum front. However, the stock was allocated a grade of B on the value side, putting it in the second quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Catalent has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry Player
Catalent belongs to the Zacks Medical - Drugs industry. Another stock from the same industry, United Therapeutics (UTHR), has gained 12.1% over the past month. More than a month has passed since the company reported results for the quarter ended September 2023.
United Therapeutics reported revenues of $609.4 million in the last reported quarter, representing a year-over-year change of +18.1%. EPS of $5.38 for the same period compares with $4.91 a year ago.
For the current quarter, United Therapeutics is expected to post earnings of $3.79 per share, indicating a change of +42% from the year-ago quarter. The Zacks Consensus Estimate has changed -0.6% over the last 30 days.
United Therapeutics has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of A.
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
Catalent, Inc. (CTLT) : Free Stock Analysis Report
United Therapeutics Corporation (UTHR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Per the preliminary report, revenues in the PCH segment increased 7.2% from the year-ago period (up 5% at CER) to $535 million. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Catalent Preliminary Q1 Revenues Dampened by Lower Sales Catalent reported preliminary first-quarter fiscal 2024 adjusted loss per share of 10 cents against the year-over-year period’s earnings per share of 34 cents. The company continues to project revenues between $4,300 million and $4,500 million for the full year, reflecting growth of 1-5% from the comparable fiscal 2023 period. Click to get this free report Catalent, Inc. (CTLT) : Free Stock Analysis Report United Therapeutics Corporation (UTHR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Catalent Preliminary Q1 Revenues Dampened by Lower Sales Catalent reported preliminary first-quarter fiscal 2024 adjusted loss per share of 10 cents against the year-over-year period’s earnings per share of 34 cents. Revenues in Detail Per the preliminary report, revenues grossed $982 million in the reported quarter, down 3.9% year over year. Per the preliminary report, revenues in the Biologics segment fell 14.5% year over year on a reported basis (down 16% at CER) to $447 million in the quarter under review.
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Revenues in Detail Per the preliminary report, revenues grossed $982 million in the reported quarter, down 3.9% year over year. Per the preliminary report, revenues in the Biologics segment fell 14.5% year over year on a reported basis (down 16% at CER) to $447 million in the quarter under review. The company continues to project revenues between $4,300 million and $4,500 million for the full year, reflecting growth of 1-5% from the comparable fiscal 2023 period.
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55e40d52-8ea7-4717-9004-cd57115f6344
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713249.0
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2023-12-12 00:00:00 UTC
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Geron (GERN) Upgraded to Buy: Here's Why
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DCOMP
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https://www.nasdaq.com/articles/geron-gern-upgraded-to-buy%3A-heres-why
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nan
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nan
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Geron (GERN) could be a solid addition to your portfolio 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.
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.
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.
Therefore, the Zacks rating upgrade for Geron 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 Geron, 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 Geron
For the fiscal year ending December 2023, this drugmaker is expected to earn -$0.35 per share, which is a change of 5.4% from the year-ago reported number.
Analysts have been steadily raising their estimates for Geron. Over the past three months, the Zacks Consensus Estimate for the company has increased 6.3%.
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 Geron 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.
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
Geron Corporation (GERN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Since 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. 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.
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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.
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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 Geron 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.
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A company's changing earnings picture is at the core of the Zacks rating. 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.
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3b061669-ed3d-4fee-aa0d-c186874ef38a
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713250.0
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2023-12-12 00:00:00 UTC
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Why Is Sonos (SONO) Up 30.7% Since Last Earnings Report?
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DCOMP
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https://www.nasdaq.com/articles/why-is-sonos-sono-up-30.7-since-last-earnings-report
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nan
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nan
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A month has gone by since the last earnings report for Sonos (SONO). Shares have added about 30.7% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Sonos due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.
Sonos Q4 Earnings Miss Estimates
Sonos reported fourth-quarter fiscal 2023 non-GAAP loss per share of 7 cents compared with 30 cents in the prior-year quarter. On a GAAP basis, the company reported a loss of 25 cents against the earnings per share (EPS) of 50 cents in the year-ago quarter. The Zacks Consensus Estimate was pegged at (5) cents.
Quarterly revenues decreased 3.5% (down 5.1% on a constant-currency basis) year over year to $305.1 million due to reduced consumer demand. Also, the top line missed the Zacks Consensus Estimate by 0.2%.
Revenues Details
Revenues from Sonos speakers were $223.3 million, down 5.1% from the prior-year quarter’s levels.
Sonos system products’ revenues were $62.3 million, down 0.8% year over year. Revenues from Partner products and other totaled $19.5 million, up 5.9% year over year.
Region-wise, revenues from the Americas totaled $203.5 million, up 1.9% year over year. Europe, the Middle East and Africa generated revenues of $83.4 million, down 8.8%. Revenues from the Asia Pacific were down 27.5% to $18.2 million.
Other Details
Gross profit was $128.1 million, up 3.2% from the prior-year quarter’s levels. Gross margin expanded 270 bps year over year to 42%, mainly due to lower component costs and fewer spot component purchases.
Total operating expenses amounted to $156.4 million, down from $184.2 million in the year-ago quarter, reflecting lower research and development and general and administrative expenses.
Operating loss was $28.3 million compared with $60.1 million in the year-ago quarter. Adjusted EBITDA totaled $6.2 million compared with $(25.5) million in the prior-year quarter. Higher gross margins and reduced bonus accrual and marketing and legal program spending resulted in the upside.
Cash Flow & Liquidity
For the fiscal fourth quarter, Sonos generated $22.1 million of cash from operations. Free cash flow was $11.9 million.
As of Sep 30, 2023, cash and cash equivalents were $220.3 million compared with $294.9 million as of Jul 1, 2023. SONO has no debt.
Sonos repurchased shares worth $55 million. The company has authorized a new share repurchase program of up to $200 million.
2024 Guidance
For fiscal 2024, Sonos now expects revenues to be down 3% to up 3% year over year and in the range of $1.6-$1.7 billion. On a constant-currency basis, revenues are anticipated to be down 3% to up 3%.
The gross margin is projected to be between 44% and 46%. Adjusted EBITDA is estimated to be between $150 million and $180 million, with the margin in the range of 9.4-10.6%.
How Have Estimates Been Moving Since Then?
In the past month, investors have witnessed a downward trend in fresh estimates.
The consensus estimate has shifted -37.58% due to these changes.
VGM Scores
At this time, Sonos has a subpar Growth Score of D, though it is lagging a bit on the Momentum Score front with an F. Following the exact same course, the stock was allocated a grade of F on the value side, putting it in the lowest quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. It's no surprise Sonos has a Zacks Rank #5 (Strong Sell). We expect a below average return from the stock in the next few months.
Performance of an Industry Player
Sonos belongs to the Zacks Audio Video Production industry. Another stock from the same industry, Sony (SONY), has gained 5.5% over the past month. More than a month has passed since the company reported results for the quarter ended September 2023.
Sony reported revenues of $18.87 billion in the last reported quarter, representing a year-over-year change of -5.3%. EPS of $1.12 for the same period compares with $1.54 a year ago.
For the current quarter, Sony is expected to post earnings of $1.66 per share, indicating a change of -11.2% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #4 (Sell) for Sony. Also, the stock has a VGM Score of D.
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
Sonos, Inc. (SONO) : Free Stock Analysis Report
Sony Corporation (SONY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Higher gross margins and reduced bonus accrual and marketing and legal program spending resulted in the upside. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Sonos Q4 Earnings Miss Estimates Sonos reported fourth-quarter fiscal 2023 non-GAAP loss per share of 7 cents compared with 30 cents in the prior-year quarter. Total operating expenses amounted to $156.4 million, down from $184.2 million in the year-ago quarter, reflecting lower research and development and general and administrative expenses. Click to get this free report Sonos, Inc. (SONO) : Free Stock Analysis Report Sony Corporation (SONY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Sonos Q4 Earnings Miss Estimates Sonos reported fourth-quarter fiscal 2023 non-GAAP loss per share of 7 cents compared with 30 cents in the prior-year quarter. Sonos system products’ revenues were $62.3 million, down 0.8% year over year. Click to get this free report Sonos, Inc. (SONO) : Free Stock Analysis Report Sony Corporation (SONY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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A month has gone by since the last earnings report for Sonos (SONO). Sonos Q4 Earnings Miss Estimates Sonos reported fourth-quarter fiscal 2023 non-GAAP loss per share of 7 cents compared with 30 cents in the prior-year quarter. Revenues Details Revenues from Sonos speakers were $223.3 million, down 5.1% from the prior-year quarter’s levels.
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2ae0d9e2-9f90-4875-9108-d88ba3eac440
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713251.0
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2023-12-12 00:00:00 UTC
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SentinelOne (S) is a Great Momentum Stock: Should You Buy?
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DCOMP
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https://www.nasdaq.com/articles/sentinelone-s-is-a-great-momentum-stock%3A-should-you-buy
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nan
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nan
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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 SentinelOne (S), 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. SentinelOne 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 S is a promising momentum pick, let's examine some Momentum Style elements to see if this cybersecurity provider 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's also helpful to compare a security to its industry; this can show investors the best companies in a particular area.
For S, shares are up 21.03% over the past week while the Zacks Computers - IT Services industry is up 0.55% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 53.48% 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 SentinelOne have risen 62.35%, and are up 78.88% in the last year. On the other hand, the S&P 500 has only moved 5.17% and 19.94%, respectively.
Investors should also pay attention to S'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. S is currently averaging 7,757,063 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 S.
Over the past two months, 10 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost S's consensus estimate, increasing from -$0.39 to -$0.31 in the past 60 days. Looking at the next fiscal year, 7 estimates have moved upwards while there have been 2 downward revisions in the same time period.
Bottom Line
Taking into account all of these elements, it should come as no surprise that S is a #2 (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 SentinelOne on your short list.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
SentinelOne, Inc. (S) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It'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. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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The Zacks 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. We have recently been noticing this with S. Over the past two months, 10 earnings estimates moved higher compared to none lower for the full year.
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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.
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Below, we take a look at SentinelOne (S), a company that currently holds a Momentum Style Score of A. S is currently averaging 7,757,063 shares for the last 20 days. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research?
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3d7d5994-8b38-4676-9862-0ba9ac6bbf78
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713252.0
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2023-12-12 00:00:00 UTC
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S&P 500 Movers: MOH, COST
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DCOMP
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https://www.nasdaq.com/articles/sp-500-movers%3A-moh-cost
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nan
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In early trading on Friday, shares of Costco Wholesale topped the list of the day's best performing components of the S&P 500 index, trading up 3.0%. Year to date, Costco Wholesale registers a 42.4% gain.
And the worst performing S&P 500 component thus far on the day is Molina Healthcare, trading down 3.6%. Molina Healthcare is showing a gain of 9.4% looking at the year to date performance.
Two other components making moves today are Darden Restaurants, trading down 3.6%, and Global Payments, trading up 2.5% on the day.
VIDEO: S&P 500 Movers: MOH, COST
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Year to date, Costco Wholesale registers a 42.4% gain. And the worst performing S&P 500 component thus far on the day is Molina Healthcare, trading down 3.6%. Molina Healthcare is showing a gain of 9.4% looking at the year to date performance.
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In early trading on Friday, shares of Costco Wholesale topped the list of the day's best performing components of the S&P 500 index, trading up 3.0%. Year to date, Costco Wholesale registers a 42.4% gain. And the worst performing S&P 500 component thus far on the day is Molina Healthcare, trading down 3.6%.
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In early trading on Friday, shares of Costco Wholesale topped the list of the day's best performing components of the S&P 500 index, trading up 3.0%. And the worst performing S&P 500 component thus far on the day is Molina Healthcare, trading down 3.6%. Two other components making moves today are Darden Restaurants, trading down 3.6%, and Global Payments, trading up 2.5% on the day.
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In early trading on Friday, shares of Costco Wholesale topped the list of the day's best performing components of the S&P 500 index, trading up 3.0%. And the worst performing S&P 500 component thus far on the day is Molina Healthcare, trading down 3.6%. VIDEO: S&P 500 Movers: MOH, COST The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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eddbb027-04a0-4dcf-a923-8a0e43baa7ba
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713253.0
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2023-12-12 00:00:00 UTC
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Why This 1 Momentum Stock Could Be a Great Addition to Your Portfolio
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DCOMP
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https://www.nasdaq.com/articles/why-this-1-momentum-stock-could-be-a-great-addition-to-your-portfolio-237
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It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value Score
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth Score
Growth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
If you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank
The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Campbell Soup (CPB)
Based in Camden, NJ, Campbell Soup Company, together with its subsidiaries, is a worldwide manufacturer and marketer of high-quality, branded convenience food products. The company was instituted as a business corporation on Nov 23, 1922 under the laws of New Jersey.
CPB is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Consumer Staples stock. CPB has a Momentum Style Score of B, and shares are up 8% over the past four weeks.
Three analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.02 to $3.08 per share. CPB also boasts an average earnings surprise of 5.1%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, CPB should be on investors' short list.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Campbell Soup Company (CPB) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum.
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The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio. Click to get this free report Campbell Soup Company (CPB) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio. Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
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The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. What are the Zacks Style Scores? That's where the Style Scores come in.
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61ddb928-89e9-48b2-acee-cf71eb6bc855
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713254.0
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2023-12-12 00:00:00 UTC
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Why Is Palo Alto (PANW) Up 24% Since Last Earnings Report?
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DCOMP
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https://www.nasdaq.com/articles/why-is-palo-alto-panw-up-24-since-last-earnings-report
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nan
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A month has gone by since the last earnings report for Palo Alto Networks (PANW). Shares have added about 24% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Palo Alto due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.
Palo Alto Q1 Earnings Beat, Billings Miss Guidance
Palo Alto Networks reported better-than-expected results for the first quarter of fiscal 2024. However, shares of PANW declined 5.3% during Wednesday’s extended trading session as first-quarter billings came lower than the company’s forecast.
Though billings increased 15.8% to $2.02 billion in the first quarter, it fell short of the company’s projection of $2.05-$2.08 billion. Our estimates for billings were pegged at $2.07 billion.
The company reported non-GAAP earnings of $1.38 per share for the first quarter, beating the Zacks Consensus Estimate of $1.16. The bottom line improved 66.3% from the year-ago quarter’s non-GAAP earnings of 83 cents per share.
Palo Alto’s first-quarter revenues of $1.88 billion beat the Zacks Consensus Estimate of $1.84 billion and grew 20% from the year-ago reported figure. The top line was primarily driven by the normalization of supply chain and growth across Products, Services and Subscription segments. Additionally, increased adoption of Palo Alto’s Next-Generation Security platforms, driven by the hybrid work culture and the heightened need for stronger security, also aided the first-quarter results.
The company’s strong quarterly performance reflects its sustained focus on product innovation, a shift in its business model to subscription-based services, building sales capability, platform integration and continued investments in the go-to-market strategy.
Quarterly Details
Product revenues increased 3.4% year over year to $341.1 million and contributed to 18.2% of the total revenues. The company’s Subscription and Support revenues, which accounted for 81.8% of the total revenues, improved 24.6% to $1.54 billion. Our estimates for Product and Subscription and Support revenues were pegged at $372.7 million and $1.45 billion, respectively.
Deferred revenues at the end of the fiscal first quarter were $4.73 billion. Palo Alto’s remaining performance obligation climbed to $10.4 billion, reflecting a year-over-year increase of 26%. Our estimates for deferred revenues and remaining performance obligation were pegged at $9.5 billion each.
Palo Alto’s next-generation security annualized recurring revenues were $3.23 billion in the reported quarter compared with $2.95 billion in the previous quarter and $2.11 billion in the year-ago quarter. Our estimate for first-quarter next-generation security annualized recurring revenues was pegged at $3.09 billion.
Non-GAAP gross profits increased 26.2% to $1.47 billion. The non-GAAP gross margin expanded 370 basis points (bps) to 78%, primarily driven by a higher software mix, normalization in the supply-chain environment and some efficiencies in customer support.
The non-GAAP operating income rose 64% to $529 million. Meanwhile, the non-GAAP operating margin expanded 760 bps to 28.2% compared with the previous quarter.
Balance Sheet & Cash Flow
Palo Alto exited the fiscal first quarter with cash, cash equivalents and short-term investments of $3.89 billion, up from $2.39 billion at the end of the previous quarter. As of Oct 31, 2023, the company had long-term operating lease liabilities of $275.8 million.
PANW generated an operating cash flow of $1.53 billion and a non-GAAP adjusted free cash flow of $1.49 billion in the fiscal first quarter. The non-GAAP adjusted free cash flow margin for the first quarter came in at 79.3%.
Second Quarter and Fiscal 2024 Guidance
Palo Alto initiated guidance for the second quarter and updated the outlook for the full fiscal 2024. For the second quarter of fiscal 2024, PANW projects revenues between $1.955 billion and $1.985 billion, suggesting year-over-year growth of 18-20%. Total billings are anticipated between $2.335 billion and $2.385 billion, indicating an increase of 15-18% from the year-ago quarter. Non-GAAP earnings are projected in the range of $1.29-$1.31 per share.
For fiscal 2024, the company continues to project revenues between $8.15 billion and $8.20 billion, suggesting year-over-year growth of 18-19%.
Total billings of PANW are now estimated in the range of $10.7-$10.8 billion for fiscal 2024, down from the previous range of $10.9-$11 billion. The updated billings guidance reflects a year-over-year increase of 16-17% instead of 18-20% projected earlier.
Palo Alto raised its non-GAAP earnings forecast to $5.40-$5.53 per share from $5.27-$5.40 per share anticipated previously. The company also raised its non-GAAP operating margin guidance for fiscal 2024 to 26-26.5% from 25-25.5% projected earlier. The guidance range for non-GAAP adjusted free cash flow margin has been kept unchanged at 37-38%.
How Have Estimates Been Moving Since Then?
In the past month, investors have witnessed an upward trend in fresh estimates.
The consensus estimate has shifted 8.45% due to these changes.
VGM Scores
At this time, Palo Alto has a strong Growth Score of A, though it is lagging a bit on the Momentum Score front with a B. However, the stock was allocated a grade of F on the value side, putting it in the bottom 20% quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. Notably, Palo Alto has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry Player
Palo Alto belongs to the Zacks Internet - Software industry. Another stock from the same industry, Paypal (PYPL), has gained 8.9% over the past month. More than a month has passed since the company reported results for the quarter ended September 2023.
Paypal reported revenues of $7.42 billion in the last reported quarter, representing a year-over-year change of +8.4%. EPS of $1.30 for the same period compares with $1.08 a year ago.
Paypal is expected to post earnings of $1.36 per share for the current quarter, representing a year-over-year change of +9.7%. Over the last 30 days, the Zacks Consensus Estimate has changed -0.3%.
Paypal has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of B.
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
Palo Alto Networks, Inc. (PANW) : Free Stock Analysis Report
PayPal Holdings, Inc. (PYPL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. The company’s strong quarterly performance reflects its sustained focus on product innovation, a shift in its business model to subscription-based services, building sales capability, platform integration and continued investments in the go-to-market strategy. The non-GAAP gross margin expanded 370 basis points (bps) to 78%, primarily driven by a higher software mix, normalization in the supply-chain environment and some efficiencies in customer support.
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Palo Alto Q1 Earnings Beat, Billings Miss Guidance Palo Alto Networks reported better-than-expected results for the first quarter of fiscal 2024. Palo Alto’s next-generation security annualized recurring revenues were $3.23 billion in the reported quarter compared with $2.95 billion in the previous quarter and $2.11 billion in the year-ago quarter. Click to get this free report Palo Alto Networks, Inc. (PANW) : Free Stock Analysis Report PayPal Holdings, Inc. (PYPL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Palo Alto’s first-quarter revenues of $1.88 billion beat the Zacks Consensus Estimate of $1.84 billion and grew 20% from the year-ago reported figure. Palo Alto’s next-generation security annualized recurring revenues were $3.23 billion in the reported quarter compared with $2.95 billion in the previous quarter and $2.11 billion in the year-ago quarter. Balance Sheet & Cash Flow Palo Alto exited the fiscal first quarter with cash, cash equivalents and short-term investments of $3.89 billion, up from $2.39 billion at the end of the previous quarter.
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The company reported non-GAAP earnings of $1.38 per share for the first quarter, beating the Zacks Consensus Estimate of $1.16. Palo Alto’s next-generation security annualized recurring revenues were $3.23 billion in the reported quarter compared with $2.95 billion in the previous quarter and $2.11 billion in the year-ago quarter. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research?
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ecec911b-8d9c-4d3e-93dd-7123d50d8d30
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713255.0
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2023-12-12 00:00:00 UTC
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Why Is Advance Auto Parts (AAP) Up 19.8% Since Last Earnings Report?
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DCOMP
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https://www.nasdaq.com/articles/why-is-advance-auto-parts-aap-up-19.8-since-last-earnings-report
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nan
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nan
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A month has gone by since the last earnings report for Advance Auto Parts (AAP). Shares have added about 19.8% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Advance Auto Parts due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.
Advance Auto Posts Q3 Loss
Advance Auto incurred an adjusted loss of 82 cents per share for third-quarter 2023 against adjusted earnings of $1.92 in the year-ago quarter. The reported figure was also in contrast to the Zacks Consensus Estimate of earnings of $1.42 per share. Advance Auto generated net revenues of $2,719 million, which topped the Zacks Consensus Estimate of $2,679 million on higher-than-expected comparable store sales. Comparable store sales increased 1.2%. We projected an increase of 0.2%. The top line increased 2.9% year over year.
Advance Auto reported an operating loss of $43.7 million, down from operating income of $171 million recorded in the corresponding quarter of 2022. SG&A expenses totaled $1,030.4 million for third-quarter 2023, up 2.2% year over year.
Advance Auto had cash and cash equivalents of $317.5 million as of Oct 7, 2023 compared with $269.3 million on Dec 31, 2023. Total long-term debt was $1,785.7 million as of Oct 7, 2023, up from $1,188.3 million on Dec 31, 2022. From January through the third quarter of 2023, net cash provided by operating activities and negative free cash flow totaled $30.4 million and $156.8 million, respectively.
AAP’s board declared a cash dividend of 25 cents per share, which would be paid out on Jan 26, 2024, to all common shareholders of record as of Jan 12, 2024.
As of Oct 7, 2023, AAP operated 4,785 stores and 320 Worldpac branches in the United States, Canada, Puerto Rico and the U.S. Virgin Islands. It also served 1,307 independently owned Carquest-branded stores across these locations, in addition to Mexico and various Caribbean islands.
Advance Auto now estimates 2023 net sales in the band of $11.25-$11.30 billion compared with the previous guided range of $11.25-$11.35 billion. Comparable store sales are projected within a range of negative 0.5% to 0%. The operating income margin is envisioned in the range of 1.8-2%, down from 4-4.3%, guided earlier.
AAP expects 2023 capex in the range of $200-$250 million. The company projects FCF in the band of $50-$100 million, down from the prior guidance of $150-$250 million. Earnings are forecast between $1.40 per share and $1.80 per share, down from the previous estimate of $4.50-$5.10 per share. AAP now aims to open 55 to 65 new stores this year, up from the prior guidance of 40 to 60 stores.
How Have Estimates Been Moving Since Then?
In the past month, investors have witnessed a downward trend in fresh estimates.
The consensus estimate has shifted -73.73% due to these changes.
VGM Scores
At this time, Advance Auto Parts has a poor Growth Score of F, a grade with the same score on the momentum front. However, the stock was allocated a grade of B on the value side, putting it in the second quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. It's no surprise Advance Auto Parts has a Zacks Rank #4 (Sell). We expect a below average return from the stock in the next few months.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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
Advance Auto Parts, Inc. (AAP) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Will the recent positive trend continue leading up to its next earnings release, or is Advance Auto Parts due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. As of Oct 7, 2023, AAP operated 4,785 stores and 320 Worldpac branches in the United States, Canada, Puerto Rico and the U.S. Virgin Islands.
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Advance Auto Posts Q3 Loss Advance Auto incurred an adjusted loss of 82 cents per share for third-quarter 2023 against adjusted earnings of $1.92 in the year-ago quarter. Advance Auto generated net revenues of $2,719 million, which topped the Zacks Consensus Estimate of $2,679 million on higher-than-expected comparable store sales. Advance Auto now estimates 2023 net sales in the band of $11.25-$11.30 billion compared with the previous guided range of $11.25-$11.35 billion.
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Advance Auto generated net revenues of $2,719 million, which topped the Zacks Consensus Estimate of $2,679 million on higher-than-expected comparable store sales. Advance Auto reported an operating loss of $43.7 million, down from operating income of $171 million recorded in the corresponding quarter of 2022. Advance Auto had cash and cash equivalents of $317.5 million as of Oct 7, 2023 compared with $269.3 million on Dec 31, 2023.
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A month has gone by since the last earnings report for Advance Auto Parts (AAP). Advance Auto generated net revenues of $2,719 million, which topped the Zacks Consensus Estimate of $2,679 million on higher-than-expected comparable store sales. The company projects FCF in the band of $50-$100 million, down from the prior guidance of $150-$250 million.
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713256.0
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2023-12-12 00:00:00 UTC
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Validea's Top Consumer Staples Stocks Based On Joel Greenblatt - 12/15/2023
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DCOMP
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https://www.nasdaq.com/articles/valideas-top-consumer-staples-stocks-based-on-joel-greenblatt-12-15-2023
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The following are the top rated Consumer Staples stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. This value model looks for companies with high return on capital and earnings yields.
ALTRIA GROUP INC (MO) is a large-cap value stock in the Tobacco industry. The rating according to our strategy based on Joel Greenblatt is 100% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Altria Group, Inc. is a holding company that provides a portfolio of tobacco products for United States tobacco consumers aged 21+. The Company operates through two segments: smokeable tobacco products and oral tobacco products. The smokeable tobacco products consist of combustible cigarettes manufactured and sold by Philip Morris USA Inc. (PM USA ), and machine-made large cigars and pipe tobacco manufactured and sold by John Middleton Co. (Middleton). The oral tobacco products consist of moist smokeless tobacco (MST) and snus products manufactured and sold by U.S. Smokeless Tobacco Company LLC (USSTC), and oral nicotine pouches manufactured and sold by Helix Innovations LLC (Helix). The Company's e-vapor products are marketed by NJOY, LLC (NJOY), a wholly owned subsidiary of the Company. The Company's brand portfolio of its tobacco operating companies include Marlboro, Black & Mild, Copenhagen, Skoal, on! and NJOY ACE.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: PASS
Detailed Analysis of ALTRIA GROUP INC
MO Guru Analysis
MO Fundamental Analysis
HERBALIFE LTD (HLF) is a small-cap value stock in the Major Drugs industry. The rating according to our strategy based on Joel Greenblatt is 90% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Herbalife Ltd. is a global nutrition company. The Company sells weight management; targeted nutrition; energy, sports and fitness; and other nutrition products to and through a network of independent members (Members). Its products include meal replacements, protein shakes, teas, aloes, high-protein snacks, vitamins and supplements, sports nutrition and outer nutrition products. The Company offers a range of meal replacement products, such as protein shakes, bars and soups. Its snack portfolio includes a variety of sweet, savory and creamy options, such as high protein iced coffee, protein bars, snack shakes, soups, baking mixes and others. Its Herbal Aloe Concentrate is a beverage formulated with aloe vera, which can be mixed with water, tea or protein shake. It has also developed a portfolio of dietary supplements, encompassing solutions for heart health, digestive health, immunity and others. It sells products in 95 markets across the world.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: PASS
Detailed Analysis of HERBALIFE LTD
HLF Guru Analysis
HLF Fundamental Analysis
KENVUE INC (KVUE) is a large-cap growth stock in the Personal & Household Prods. industry. The rating according to our strategy based on Joel Greenblatt is 60% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Kenvue Inc. is a consumer health company. The Company operates through three segments: Self Care, Skin Health and Beauty, and Essential Health. The Self Care segment product categories include cough, cold and allergy; pain care; and other self-care (digestive health, smoking cessation and other). The Skin Health and Beauty segment's product categories include face and body care and hair, sun, and others. The Essential Health segment's product categories include oral care, baby care and other essential health (women's health and wound care). Its differentiated portfolio of brands includes Tylenol, Neutrogena, Listerine, Johnson's, Band-Aid, Aveeno, Zyrtec, and Nicorette. It has a global footprint through which it sells and distributes its product portfolio in more than 165 countries across its four regions. Its network includes 114 distribution centers and 38 customer service centers across all its regions.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: FAIL
Detailed Analysis of KENVUE INC
KVUE Guru Analysis
KVUE Fundamental Analysis
PHILIP MORRIS INTERNATIONAL INC. (PM) is a large-cap growth stock in the Tobacco industry. The rating according to our strategy based on Joel Greenblatt is 60% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Philip Morris International Inc. (PMI) is an international tobacco company. PMI delivers a smoke-free future and is evolving its portfolio for the long term to include products outside of the tobacco and nicotine sector. PMI's product portfolio primarily consists of cigarettes and smoke-free products. PMI develops smoke-free products for adults who would otherwise continue to smoke. This includes the building of scientific assessment capabilities in the areas of pre-clinical systems toxicology, clinical and behavioral research, as well as post-market studies. PMI, through Swedish Match AB, creates a smoke-free champion led by its IQOS and ZYN brands. The United States Food and Drug Administration has authorized versions of PMI's IQOS Platform 1 devices and consumables and Swedish Match's General snus as Modified Risk Tobacco Products. PMI's smoke-free products are available for sale in 78 markets and purchased by approximately 18.5 million adults around the world.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: FAIL
Detailed Analysis of PHILIP MORRIS INTERNATIONAL INC.
PM Guru Analysis
PM Fundamental Analysis
Joel Greenblatt Portfolio
Top Joel Greenblatt Stocks
About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. The "Magic Formula," as he called it, produced back-tested returns of 30.8 percent per year from 1988 through 2004, more than doubling the S&P 500's 12.4 percent return during that time. Greenblatt also produced exceptional returns as managing partner at Gotham Capital, a New York City-based hedge fund he founded. The firm averaged a remarkable 40 percent annualized return over more than two decades.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The following are the top rated Consumer Staples stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. The United States Food and Drug Administration has authorized versions of PMI's IQOS Platform 1 devices and consumables and Swedish Match's General snus as Modified Risk Tobacco Products. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig.
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The oral tobacco products consist of moist smokeless tobacco (MST) and snus products manufactured and sold by U.S. Smokeless Tobacco Company LLC (USSTC), and oral nicotine pouches manufactured and sold by Helix Innovations LLC (Helix). Detailed Analysis of KENVUE INC KVUE Guru Analysis KVUE Fundamental Analysis PHILIP MORRIS INTERNATIONAL INC. (PM) is a large-cap growth stock in the Tobacco industry. Detailed Analysis of PHILIP MORRIS INTERNATIONAL INC. PM Guru Analysis PM Fundamental Analysis Joel Greenblatt Portfolio Top Joel Greenblatt Stocks About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables.
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Company Description: Altria Group, Inc. is a holding company that provides a portfolio of tobacco products for United States tobacco consumers aged 21+. The oral tobacco products consist of moist smokeless tobacco (MST) and snus products manufactured and sold by U.S. Smokeless Tobacco Company LLC (USSTC), and oral nicotine pouches manufactured and sold by Helix Innovations LLC (Helix). Detailed Analysis of PHILIP MORRIS INTERNATIONAL INC. PM Guru Analysis PM Fundamental Analysis Joel Greenblatt Portfolio Top Joel Greenblatt Stocks About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables.
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Company Description: Altria Group, Inc. is a holding company that provides a portfolio of tobacco products for United States tobacco consumers aged 21+. The Company operates through two segments: smokeable tobacco products and oral tobacco products. Detailed Analysis of PHILIP MORRIS INTERNATIONAL INC. PM Guru Analysis PM Fundamental Analysis Joel Greenblatt Portfolio Top Joel Greenblatt Stocks About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables.
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62319423-eb1f-42d4-8a52-5fb46eec92f3
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713257.0
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2023-12-12 00:00:00 UTC
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What Makes Lakeland Industries (LAKE) a New Strong Buy Stock
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DCOMP
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https://www.nasdaq.com/articles/what-makes-lakeland-industries-lake-a-new-strong-buy-stock
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nan
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nan
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Lakeland Industries (LAKE) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong 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 Lakeland Industries 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.
Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Lakeland Industries 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
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 Lakeland Industries
This safety garments manufacturer is expected to earn $1.14 per share for the fiscal year ending January 2024, which represents a year-over-year change of 128%.
Analysts have been steadily raising their estimates for Lakeland Industries. Over the past three months, the Zacks Consensus Estimate for the company has increased 8.6%.
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 Lakeland Industries to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Lakeland Industries, Inc. (LAKE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Since 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. 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.
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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 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.
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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 Lakeland Industries to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
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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 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. You can learn more about the Zacks Rank here >>> The upgrade of Lakeland Industries to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
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2c53d584-df44-4220-a897-519469ff6051
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713258.0
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2023-12-12 00:00:00 UTC
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All You Need to Know About Braze, Inc. (BRZE) Rating Upgrade to Buy
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DCOMP
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https://www.nasdaq.com/articles/all-you-need-to-know-about-braze-inc.-brze-rating-upgrade-to-buy
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nan
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nan
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Braze, Inc. (BRZE) could be a solid choice for investors 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.
The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time.
As such, the Zacks rating upgrade for Braze, Inc. 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, has proven to be strongly correlated with the near-term price movement of its stock. 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.
Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Braze, Inc. 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
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 Braze, Inc.
For the fiscal year ending January 2024, this company is expected to earn -$0.26 per share, which is a change of 59.4% from the year-ago reported number.
Analysts have been steadily raising their estimates for Braze, Inc. Over the past three months, the Zacks Consensus Estimate for the company has increased 8.4%.
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 Braze, Inc. 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.
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
Braze, Inc. (BRZE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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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 Braze, Inc. imply an improvement in the company's underlying business. 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 power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. 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. You can learn more about the Zacks Rank here >>> The upgrade of Braze, Inc. 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.
|
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 Braze, Inc. 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.
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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. You can learn more about the Zacks Rank here >>> The upgrade of Braze, Inc. 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. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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42b351a8-08e5-4ab9-85d6-1dfdd57df7c8
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713259.0
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2023-12-12 00:00:00 UTC
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What Makes RELX PLC (RELX) a Strong Momentum Stock: Buy Now?
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DCOMP
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https://www.nasdaq.com/articles/what-makes-relx-plc-relx-a-strong-momentum-stock%3A-buy-now
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nan
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nan
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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 RELX PLC (RELX), which currently has a Momentum Style Score of A. 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. RELX PLC 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 RELX that show why this company shows promise as a solid momentum pick.
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 is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.
For RELX, shares are up 1.04% over the past week while the Zacks Internet - Content industry is down 0.72% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 6.09% compares favorably with the industry's 1.23% performance as well.
Considering longer term price metrics, like performance over the last three months or year, can be advantageous as well. Over the past quarter, shares of RELX PLC have risen 14.06%, and are up 37.87% in the last year. On the other hand, the S&P 500 has only moved 5.17% and 19.94%, respectively.
Investors should also pay attention to RELX'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. RELX is currently averaging 796,141 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 RELX.
Over the past two months, 1 earnings estimate moved higher compared to none lower for the full year. These revisions helped boost RELX's consensus estimate, increasing from $1.34 to $1.38 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
Given these factors, it shouldn't be surprising that RELX 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 RELX PLC on your short list.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
RELX PLC (RELX) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It'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. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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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 RELX PLC (RELX) : Free Stock Analysis Report To read this article on Zacks.com click here.
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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 RELX PLC (RELX), which currently has 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.
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Below, we take a look at RELX PLC (RELX), which currently has a Momentum Style Score of A. RELX PLC currently has a Zacks Rank of #2 (Buy). Over the past two months, 1 earnings estimate moved higher compared to none lower for the full year.
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4b10a9de-d768-4616-b6a2-a9d7ecceb02b
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713260.0
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2023-12-12 00:00:00 UTC
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All You Need to Know About Freshworks Inc. (FRSH) Rating Upgrade to Buy
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DCOMP
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https://www.nasdaq.com/articles/all-you-need-to-know-about-freshworks-inc.-frsh-rating-upgrade-to-buy
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nan
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nan
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Investors might want to bet on Freshworks Inc. (FRSH), as it has been recently upgraded 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.
The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time.
Therefore, the Zacks rating upgrade for Freshworks Inc. 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.
Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Freshworks Inc. 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 Freshworks Inc.
This company is expected to earn $0.23 per share for the fiscal year ending December 2023, which represents a year-over-year change of 428.6%.
Analysts have been steadily raising their estimates for Freshworks Inc. Over the past three months, the Zacks Consensus Estimate for the company has increased 7.6%.
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 Freshworks Inc. 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.
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
Freshworks Inc. (FRSH) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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, the Zacks rating upgrade for Freshworks Inc. 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. Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Freshworks Inc. imply an improvement in the company's underlying business.
|
The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. 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 Freshworks Inc. 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.
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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 Freshworks Inc. 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.
|
The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. Therefore, the Zacks rating upgrade for Freshworks Inc. 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.
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ae496460-b297-4bf4-8cf5-a01502717ab0
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713261.0
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2023-12-12 00:00:00 UTC
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Are You Looking for a Top Momentum Pick? Why Gartner (IT) is a Great Choice
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DCOMP
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https://www.nasdaq.com/articles/are-you-looking-for-a-top-momentum-pick-why-gartner-it-is-a-great-choice
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nan
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nan
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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 Gartner (IT), 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. Gartner 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 IT is a promising momentum pick, let's examine some Momentum Style elements to see if this technology information and analysis company 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's also helpful to compare a security to its industry; this can show investors the best companies in a particular area.
For IT, shares are up 2.46% over the past week while the Zacks Consulting Services industry is up 1.4% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 8.07% compares favorably with the industry's 5.4% 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 Gartner have risen 30.01%, and are up 33.21% in the last year. On the other hand, the S&P 500 has only moved 5.17% and 19.94%, respectively.
Investors should also pay attention to IT'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. IT is currently averaging 432,279 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 IT.
Over the past two months, 3 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost IT's consensus estimate, increasing from $10.28 to $11.06 in the past 60 days. Looking at the next fiscal year, 3 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 IT 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 Gartner on your short list.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Gartner, Inc. (IT) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
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. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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The Zacks 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. Over the past two months, 3 earnings estimates moved higher compared to none lower for the full year.
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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.
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Below, we take a look at Gartner (IT), a company that currently holds a Momentum Style Score of B. Over the past two months, 3 earnings estimates moved higher compared to none lower for the full year. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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6be2cd37-84f4-4949-9c92-ae2d0d39ff51
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713262.0
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2023-12-12 00:00:00 UTC
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TopBuild (BLD) Upgraded to Buy: What Does It Mean for the Stock?
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DCOMP
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https://www.nasdaq.com/articles/topbuild-bld-upgraded-to-buy%3A-what-does-it-mean-for-the-stock
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nan
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nan
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TopBuild (BLD) could be a solid addition to your portfolio 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.
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.
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.
Therefore, the Zacks rating upgrade for TopBuild 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 TopBuild, 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 TopBuild
For the fiscal year ending December 2023, this insulation products company is expected to earn $19.66 per share, which is a change of 14.9% from the year-ago reported number.
Analysts have been steadily raising their estimates for TopBuild. Over the past three months, the Zacks Consensus Estimate for the company has increased 6%.
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 TopBuild 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.
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
TopBuild Corp. (BLD) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
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. 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 TopBuild 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. Therefore, the Zacks rating upgrade for TopBuild 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.
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9397d9be-3729-4324-abf6-8b770286568d
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713263.0
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2023-12-12 00:00:00 UTC
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S&P 500, Dow ease as Fed official's comments dampen rate-cut cheer
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DCOMP
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https://www.nasdaq.com/articles/sp-500-dow-ease-as-fed-officials-comments-dampen-rate-cut-cheer
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nan
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nan
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By Shristi Achar A and Johann M Cherian
Dec 15 (Reuters) - The S&P 500 and the Dow were subdued in choppy trading on Friday after comments from a policy maker dampened recent optimism about potential rate cuts next year, though the benchmark index was set for its longest weekly winning streak in over six years.
New York Federal Reserve President John Williams pushed back on surging market expectations of interest rate cuts, saying the U.S. central bank is still focused on whether it has monetary policy on the right path to continue bringing inflation back to its 2% target.
The comments came after the Fed left interest rates unchanged on Wednesday, acknowledging slowing inflation and indicated lower borrowing costs were on the horizon, causing the Dow Jones Industrial Average .DJI to notch its second straight record high close on Thursday.
"They (Fed) didn't really emphasize (the wage environment) as much of a risk to their inflation forecast as was expected. What you saw with that was a change in expectations for Fed actions," said Matt Stucky, chief portfolio manager of equities at Northwestern Mutual Wealth Management Company.
"(The market) has been probably more volatile as a result of this and as John Williams walked those comments back a bit."
Money markets, however, still see a 76.1% chance of at least a 25-basis point rate cut as soon as March and are pricing in a 96.6% chance of another cut in May, according to CME Group's FedWatch tool.
Despite the session's move on Friday, the dovish turn of events this week caused equities to rally, with the benchmark S&P 500 .SPX eyeing its longest weekly winning streak since September 2017.
On Friday, a survey showed domestic business activity picked up in December amid rising orders and demand for workers, which could further help to allay fears of a sharp slowdown in economic growth in the fourth quarter.
Later in the day, the expiry of quarterly derivatives contracts tied to stocks, index options and futures, also known as "triple witching", could potentially stoke market volatility, although stock swings have been muted recently.
Six of S&P 500's 11 sectors were in the red, with utilities .SPLRCU and rate-sensitive real estate stocks .SPLRCR leading declines.
Propping up the tech-heavy Nasdaq were megacaps such as Microsoft MSFT.O, Nvidia O> and Amazon.com AMZN.O, adding between 1.1% and 1.5%.
Intel INTC.O rose 4.1% after BofA Global Research upgraded the chipmaker's shares to "neutral" from "underperform", while Broadcom AVGO.O advanced 3.4% to hit a record high of nearly $1,150.
Costco WholesaleCOST.O rose 3.9% after the retailer topped Wall Street estimates for first-quarter results due to demand for cheaper groceries.
Darden RestaurantsDRI.N slipped 1.2% after the Olive Garden owner forecast annual same-store sales below estimates.
Declining issues outnumbered advancers for a 1.47-to-1 ratio on the NYSE and a 1.27-to-1 ratio on the Nasdaq
The S&P index recorded 48 new 52-week highs and two new lows, while the Nasdaq recorded 138 new highs and 54 new lows.
(Reporting by Shristi Achar A and Johann M Cherian in Bengaluru; Editing by Shounak Dasgupta and Maju Samuel)
((Shristi.AcharA@thomsonreuters.com; https://twitter.com/ShristiAchar))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The comments came after the Fed left interest rates unchanged on Wednesday, acknowledging slowing inflation and indicated lower borrowing costs were on the horizon, causing the Dow Jones Industrial Average .DJI to notch its second straight record high close on Thursday. On Friday, a survey showed domestic business activity picked up in December amid rising orders and demand for workers, which could further help to allay fears of a sharp slowdown in economic growth in the fourth quarter. Intel INTC.O rose 4.1% after BofA Global Research upgraded the chipmaker's shares to "neutral" from "underperform", while Broadcom AVGO.O advanced 3.4% to hit a record high of nearly $1,150.
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By Shristi Achar A and Johann M Cherian Dec 15 (Reuters) - The S&P 500 and the Dow were subdued in choppy trading on Friday after comments from a policy maker dampened recent optimism about potential rate cuts next year, though the benchmark index was set for its longest weekly winning streak in over six years. New York Federal Reserve President John Williams pushed back on surging market expectations of interest rate cuts, saying the U.S. central bank is still focused on whether it has monetary policy on the right path to continue bringing inflation back to its 2% target. Declining issues outnumbered advancers for a 1.47-to-1 ratio on the NYSE and a 1.27-to-1 ratio on the Nasdaq The S&P index recorded 48 new 52-week highs and two new lows, while the Nasdaq recorded 138 new highs and 54 new lows.
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By Shristi Achar A and Johann M Cherian Dec 15 (Reuters) - The S&P 500 and the Dow were subdued in choppy trading on Friday after comments from a policy maker dampened recent optimism about potential rate cuts next year, though the benchmark index was set for its longest weekly winning streak in over six years. New York Federal Reserve President John Williams pushed back on surging market expectations of interest rate cuts, saying the U.S. central bank is still focused on whether it has monetary policy on the right path to continue bringing inflation back to its 2% target. Declining issues outnumbered advancers for a 1.47-to-1 ratio on the NYSE and a 1.27-to-1 ratio on the Nasdaq The S&P index recorded 48 new 52-week highs and two new lows, while the Nasdaq recorded 138 new highs and 54 new lows.
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By Shristi Achar A and Johann M Cherian Dec 15 (Reuters) - The S&P 500 and the Dow were subdued in choppy trading on Friday after comments from a policy maker dampened recent optimism about potential rate cuts next year, though the benchmark index was set for its longest weekly winning streak in over six years. New York Federal Reserve President John Williams pushed back on surging market expectations of interest rate cuts, saying the U.S. central bank is still focused on whether it has monetary policy on the right path to continue bringing inflation back to its 2% target. The comments came after the Fed left interest rates unchanged on Wednesday, acknowledging slowing inflation and indicated lower borrowing costs were on the horizon, causing the Dow Jones Industrial Average .DJI to notch its second straight record high close on Thursday.
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f56720ee-3628-468b-8ce7-c2068a1f6b18
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713264.0
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2023-12-12 00:00:00 UTC
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US STOCKS-S&P 500, Dow ease as Fed official's comments dampen rate-cut cheer
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DCOMP
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https://www.nasdaq.com/articles/us-stocks-sp-500-dow-ease-as-fed-officials-comments-dampen-rate-cut-cheer
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nan
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nan
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By Shristi Achar A and Johann M Cherian
Dec 15 (Reuters) - The S&P 500 and the Dow were subdued in choppy trading on Friday after comments from a policy maker dampened recent optimism about potential rate cuts next year, though the benchmark index was set for its longest weekly winning streak in over six years.
New York Federal Reserve President John Williams pushed back on surging market expectations of interest rate cuts, saying the U.S. central bank is still focused on whether it has monetary policy on the right path to continue bringing inflation back to its 2% target.
The comments came after the Fed left interest rates unchanged on Wednesday, acknowledging slowing inflation and indicated lower borrowing costs were on the horizon, causing the Dow Jones Industrial Average .DJI to notch its second straight record high close on Thursday.
"They (Fed) didn't really emphasize (the wage environment) as much of a risk to their inflation forecast as was expected. What you saw with that was a change in expectations for Fed actions," said Matt Stucky, chief portfolio manager of equities at Northwestern Mutual Wealth Management Company.
"(The market) has been probably more volatile as a result of this and as John Williams walked those comments back a bit."
Money markets, however, still see a 76.1% chance of at least a 25-basis point rate cut as soon as March and are pricing in a 96.6% chance of another cut in May, according to CME Group's FedWatch tool.
Despite the session's move on Friday, the dovish turn of events this week caused equities to rally, with the benchmark S&P 500 .SPX eyeing its longest weekly winning streak since September 2017.
On Friday, a survey showed domestic business activity picked up in December amid rising orders and demand for workers, which could further help to allay fears of a sharp slowdown in economic growth in the fourth quarter.
Later in the day, the expiry of quarterly derivatives contracts tied to stocks, index options and futures, also known as "triple witching", could potentially stoke market volatility, although stock swings have been muted recently.
Six of S&P 500's 11 sectors were in the red, with utilities .SPLRCU and rate-sensitive real estate stocks .SPLRCR leading declines.
Propping up the tech-heavy Nasdaq were megacaps such as Microsoft MSFT.O, Nvidia O> and Amazon.com AMZN.O, adding between 1.1% and 1.5%.
Intel INTC.O rose 4.1% after BofA Global Research upgraded the chipmaker's shares to "neutral" from "underperform", while Broadcom AVGO.O advanced 3.4% to hit a record high of nearly $1,150.
Costco WholesaleCOST.O rose 3.9% after the retailer topped Wall Street estimates for first-quarter results due to demand for cheaper groceries.
Darden RestaurantsDRI.N slipped 1.2% after the Olive Garden owner forecast annual same-store sales below estimates.
Declining issues outnumbered advancers for a 1.47-to-1 ratio on the NYSE and a 1.27-to-1 ratio on the Nasdaq
The S&P index recorded 48 new 52-week highs and two new lows, while the Nasdaq recorded 138 new highs and 54 new lows.
(Reporting by Shristi Achar A and Johann M Cherian in Bengaluru; Editing by Shounak Dasgupta and Maju Samuel)
((Shristi.AcharA@thomsonreuters.com; https://twitter.com/ShristiAchar))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The comments came after the Fed left interest rates unchanged on Wednesday, acknowledging slowing inflation and indicated lower borrowing costs were on the horizon, causing the Dow Jones Industrial Average .DJI to notch its second straight record high close on Thursday. On Friday, a survey showed domestic business activity picked up in December amid rising orders and demand for workers, which could further help to allay fears of a sharp slowdown in economic growth in the fourth quarter. Intel INTC.O rose 4.1% after BofA Global Research upgraded the chipmaker's shares to "neutral" from "underperform", while Broadcom AVGO.O advanced 3.4% to hit a record high of nearly $1,150.
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By Shristi Achar A and Johann M Cherian Dec 15 (Reuters) - The S&P 500 and the Dow were subdued in choppy trading on Friday after comments from a policy maker dampened recent optimism about potential rate cuts next year, though the benchmark index was set for its longest weekly winning streak in over six years. New York Federal Reserve President John Williams pushed back on surging market expectations of interest rate cuts, saying the U.S. central bank is still focused on whether it has monetary policy on the right path to continue bringing inflation back to its 2% target. Declining issues outnumbered advancers for a 1.47-to-1 ratio on the NYSE and a 1.27-to-1 ratio on the Nasdaq The S&P index recorded 48 new 52-week highs and two new lows, while the Nasdaq recorded 138 new highs and 54 new lows.
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By Shristi Achar A and Johann M Cherian Dec 15 (Reuters) - The S&P 500 and the Dow were subdued in choppy trading on Friday after comments from a policy maker dampened recent optimism about potential rate cuts next year, though the benchmark index was set for its longest weekly winning streak in over six years. New York Federal Reserve President John Williams pushed back on surging market expectations of interest rate cuts, saying the U.S. central bank is still focused on whether it has monetary policy on the right path to continue bringing inflation back to its 2% target. Declining issues outnumbered advancers for a 1.47-to-1 ratio on the NYSE and a 1.27-to-1 ratio on the Nasdaq The S&P index recorded 48 new 52-week highs and two new lows, while the Nasdaq recorded 138 new highs and 54 new lows.
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By Shristi Achar A and Johann M Cherian Dec 15 (Reuters) - The S&P 500 and the Dow were subdued in choppy trading on Friday after comments from a policy maker dampened recent optimism about potential rate cuts next year, though the benchmark index was set for its longest weekly winning streak in over six years. New York Federal Reserve President John Williams pushed back on surging market expectations of interest rate cuts, saying the U.S. central bank is still focused on whether it has monetary policy on the right path to continue bringing inflation back to its 2% target. The comments came after the Fed left interest rates unchanged on Wednesday, acknowledging slowing inflation and indicated lower borrowing costs were on the horizon, causing the Dow Jones Industrial Average .DJI to notch its second straight record high close on Thursday.
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feb84337-d16b-4822-bc20-3c5b5836ea0d
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713265.0
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2023-12-12 00:00:00 UTC
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Here's Why Investors Should Give Werner (WERN) a Miss Now
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DCOMP
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https://www.nasdaq.com/articles/heres-why-investors-should-give-werner-wern-a-miss-now-1
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nan
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nan
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Werner Enterprises, Inc. (WERN) is mired in multiple headwinds, which, we believe, have made it an unimpressive investment option.
Werner is suffering from weak freight demand. Due to the weakness, WERN reported lower-than-expected earnings per share in each of the first three quarters of 2023. As a result, management lowered its 2023 guidance for growth in the Truckload Transportation Services or TTS segment. It anticipates TTS truck growth between (3%) and (5%) (prior view: (2%) to (4%)).
Moreover, high operating expenses, primarily due to increased salaries, wages and benefits, fuel and rent, and purchased transportation expenses, keep the bottom line under pressure. Operating expenses rose 6% in the first nine months of 2023.
Partly due to these headwinds, shares of Werner have gained 4% so far this year compared with 29.7% growth of the industry it belongs to.
Despite such headwinds, WERN’s consistent efforts to reward its shareholders via dividends and share buybacks are encouraging. In May 2023, the company’s board approved a 7.7% hike in quarterly cash dividend to 14 cents per share (annually 56 cents). WERN is also active on the buyback front. As of Sep 30, 2023, WERN had 2.3 million shares available under its share repurchase authorization.
Image Source: Zacks Investment Research
Zacks Rank and Stocks to Consider
Currently, Werner carries a Zacks Rank #5 (Strong Sell).
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 21.8% 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 202.1% year to date.
SKYW delivered a trailing four-quarter earnings surprise of 32.57%, 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
SkyWest, Inc. (SKYW) : Free Stock Analysis Report
Westinghouse Air Brake Technologies Corporation (WAB) : Free Stock Analysis Report
Werner Enterprises, Inc. (WERN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Werner Enterprises, Inc. (WERN) is mired in multiple headwinds, which, we believe, have made it an unimpressive investment option. Partly due to these headwinds, shares of Werner have gained 4% so far this year compared with 29.7% growth of the industry it belongs to. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Image Source: Zacks Investment Research Zacks Rank and Stocks to Consider Currently, Werner carries a Zacks Rank #5 (Strong Sell). 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 SkyWest, Inc. (SKYW) : Free Stock Analysis Report Westinghouse Air Brake Technologies Corporation (WAB) : Free Stock Analysis Report Werner Enterprises, Inc. (WERN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Image Source: Zacks Investment Research Zacks Rank and Stocks to Consider Currently, Werner carries a Zacks Rank #5 (Strong Sell). 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 SkyWest, Inc. (SKYW) : Free Stock Analysis Report Westinghouse Air Brake Technologies Corporation (WAB) : Free Stock Analysis Report Werner Enterprises, Inc. (WERN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Partly due to these headwinds, shares of Werner have gained 4% so far this year compared with 29.7% growth of the industry it belongs to. Despite such headwinds, WERN’s consistent efforts to reward its shareholders via dividends and share buybacks are encouraging. Image Source: Zacks Investment Research Zacks Rank and Stocks to Consider Currently, Werner carries a Zacks Rank #5 (Strong Sell).
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839af455-7510-4dd7-8987-b04678b15ed8
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713266.0
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2023-12-12 00:00:00 UTC
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Wabtec (WAB) Announces Entry Into Railcar Telematics Market
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DCOMP
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https://www.nasdaq.com/articles/wabtec-wab-announces-entry-into-railcar-telematics-market
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nan
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nan
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Wabtec Corporation WAB has inked a deal with Dutch company, Intermodal Telematics B.V. by virtue of which it will enter the railcar telematics market next year. Following the deal. Wabtec will create a railcar telematics platform using the IMT technology.
WAB’s new railcar telematics platform will deliver real-time information to railcar and tank container owners and operators, thereby allowing them to turn rail cargo into smart, connected assets. The transportation company aims to commence offering this railcar telematics solution in the first quarter of 2024. Per the agreement, the solution will be offered exclusively by Wabtec in North America and other heavy-haul freight markets globally.
Railcar telematics offered by WAB will include sensors, gateways, wireless communications, and analytics. The technology will be used for retrofit on existing fleets apart from making Wabtec's current railcar components smarter by integrating solutions right from production.
Expressing delight at the new development, Nalin Jain, WAB’s Group president of Digital Intelligence said “The rail industry is on the verge of a new era where the use of real-time data about the status and condition of cargo will be transformative to the customer experience and supply chain efficiency.”
Price Performance
WAB shares have gained 22.7% in the past year outperforming its industry’s 17.7% growth.
Image Source: Zacks Investment Research
Zacks Rank and Other Key Picks
Wabtec currently carries a Zacks Rank #2 (Buy). Investors interested in the broad Transportation sector may consider other top-ranked stocks like Air Canada ACDVF and SkyWest SKYW.
Air Canada currently sports a Zacks Rank #1 (Strong Buy). An uptick in passenger traffic is aiding ACDVF. Recently, management announced plans to launch a year-round route between Montreal and Madrid. You can see the complete list of today’s Zacks #1 Rank stocks here.
The service will commence in May 2024 as part of its expanded international summer 2024 flying schedule to cater to increased demand. The Zacks Consensus Estimate for Air Canada’s 2023 and 2024 earnings has witnessed increases of 32.6% and 41.3% in the past 60 days, respectively.
SkyWest currently carries a Zacks Rank #2. SKYW's fleet modernization efforts are commendable. The company’s initiatives to reward its shareholders also bode well.
The Zacks Consensus Estimate for SKYW’s current-year earnings has risen 38.9% in the past 60 days. The Zacks Consensus Estimate for next-year earnings has jumped 33.2% in the past 60 days.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
SkyWest, Inc. (SKYW) : Free Stock Analysis Report
Westinghouse Air Brake Technologies Corporation (WAB) : Free Stock Analysis Report
Air Canada (ACDVF) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The technology will be used for retrofit on existing fleets apart from making Wabtec's current railcar components smarter by integrating solutions right from production. Expressing delight at the new development, Nalin Jain, WAB’s Group president of Digital Intelligence said “The rail industry is on the verge of a new era where the use of real-time data about the status and condition of cargo will be transformative to the customer experience and supply chain efficiency.” Price Performance WAB shares have gained 22.7% in the past year outperforming its industry’s 17.7% growth. Investors interested in the broad Transportation sector may consider other top-ranked stocks like Air Canada ACDVF and SkyWest SKYW.
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The transportation company aims to commence offering this railcar telematics solution in the first quarter of 2024. Image Source: Zacks Investment Research Zacks Rank and Other Key Picks Wabtec currently carries a Zacks Rank #2 (Buy). Click to get this free report SkyWest, Inc. (SKYW) : Free Stock Analysis Report Westinghouse Air Brake Technologies Corporation (WAB) : Free Stock Analysis Report Air Canada (ACDVF) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Wabtec Corporation WAB has inked a deal with Dutch company, Intermodal Telematics B.V. by virtue of which it will enter the railcar telematics market next year. Image Source: Zacks Investment Research Zacks Rank and Other Key Picks Wabtec currently carries a Zacks Rank #2 (Buy). Click to get this free report SkyWest, Inc. (SKYW) : Free Stock Analysis Report Westinghouse Air Brake Technologies Corporation (WAB) : Free Stock Analysis Report Air Canada (ACDVF) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Wabtec Corporation WAB has inked a deal with Dutch company, Intermodal Telematics B.V. by virtue of which it will enter the railcar telematics market next year. Image Source: Zacks Investment Research Zacks Rank and Other Key Picks Wabtec currently carries a Zacks Rank #2 (Buy). The Zacks Consensus Estimate for Air Canada’s 2023 and 2024 earnings has witnessed increases of 32.6% and 41.3% in the past 60 days, respectively.
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e07d22c9-e239-43be-b2d7-db15d2ad1633
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713267.0
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2023-12-12 00:00:00 UTC
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Lower Volume & Price to Hurt US Steel's (X) Flat-Rolled in Q4
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DCOMP
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https://www.nasdaq.com/articles/lower-volume-price-to-hurt-us-steels-x-flat-rolled-in-q4
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nan
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nan
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United States Steel Corporation X released its fourth-quarter 2023 adjusted net earnings per share guidance in the range of 20-25 cents, with an expected adjusted EBITDA of nearly $250 million.
The company highlighted that the projected fourth-quarter performance aligns with the commentary from the October earnings call. Despite challenges, such as the impact of the autoworkers' strike on the domestic flat-rolled order book, the company successfully managed to redirect affected tons to other customers due to its diverse order book. In the Tubular segment, increased shipments are anticipated to compensate for lower selling prices.
U.S. Steel emphasized its focus on controllable factors, expecting a strong quarter in safety, environmental and operational aspects. Looking forward, the company expressed optimism about the improving domestic steel markets, growing customer demand and rising spot selling prices.
The company stated that it is concluding 2023 in a strong position. The guidance reflects robust performance, ongoing negotiations for annual auto contracts with increased volumes and better pricing and progress in Best for All strategic projects. The Keetac direct reduced-grade pellet investment produced its first pellets on schedule. Further strategic investments, including a dual coating line at Big River Steel and the new state-of-the-art Big River 2 mini mill, are expected to be completed in 2024.
United States Steel Corporation Price and Consensus
United States Steel Corporation price-consensus-chart | United States Steel Corporation Quote
The Flat-Rolled segment is projected to experience a decline in adjusted EBITDA from third-quarter levels. The downside will likely be caused by lower volumes stemming from the idled blast furnace 'B' at Granite City Works and planned maintenance at other facilities. Average selling prices are likely to register a sequential fall due to lower spot selling prices in the third quarter, impacting lagging index-based contracts in the fourth quarter. Despite these challenges, the segment is expected to counteract these headwinds through an improved product mix partially. Approximately $10 million in anticipated start-up costs related to the Keetac direct reduced-grade pellet investment are factored into the segment's adjusted results.
The Mini Mill segment is also forecast to report lower adjusted EBITDA compared with third-quarter levels. This is likely to be due to an expected sequential decline in average selling prices, influenced by the segment's exposure to majority market-based monthly contracts and spot pricing. Costs incurred during a planned maintenance outage in October contribute to these headwinds. The segment anticipates partial mitigation through benefits derived from lower raw material costs. Around $10 million in anticipated construction-related costs for ongoing strategic projects at Big River Steel are included in the segment's adjusted results.
The European segment is projected to maintain adjusted EBITDA in line with third-quarter levels. This is expected despite pricing challenges, as lower raw material costs, increased shipment volumes and the absence of planned outage spending from the third quarter are anticipated to offset pricing headwinds. The Tubular segment is projected to achieve slightly higher adjusted EBITDA than third-quarter levels. This upside can be attributed to increased shipments as distributor inventory rebalances, which are expected to more than compensate for the impact of lower selling prices.
Shares of U.S. Steel have surged 54.6% in the past year compared with a 27.2% rise of its industry.
Image Source: Zacks Investment Research
Zacks Rank & Other Key Picks
U.S. Steel currently carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks in the Basic Materials space are Axalta Coating Systems Ltd. AXTA, sporting a Zacks Rank #1 (Strong Buy), and Hawkins, Inc HWKN and Alamos Gold Inc. AGI, each carrying a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
The consensus estimate for AXTA’s current-year earnings is pegged at $1.58, indicating year-over-year growth of 6.8%. AXTA beat the Zacks Consensus Estimate in three of the last four quarters and missed one, with the average earnings surprise being 6.7%. The company’s shares have increased 23.8% in the past year.
The Zacks Consensus Estimate for HWKN’s current-year earnings has been revised upward by 1.8% in the past 60 days. HWKN beat the Zacks Consensus Estimate in each of the last four quarters. It delivered a trailing four-quarter earnings surprise of 27.5% on average. The stock has rallied around 61.4% in a year.
The consensus estimate for Alamos’ current fiscal year earnings is pegged at 53 cents, indicating a year-over-year surge of 89.3%. AGI beat the Zacks Consensus Estimate in all of the last four quarters, with the average earnings surprise being 25.6%. The company’s shares have surged 33% 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
United States Steel Corporation (X) : Free Stock Analysis Report
Alamos Gold Inc. (AGI) : Free Stock Analysis Report
Axalta Coating Systems Ltd. (AXTA) : Free Stock Analysis Report
Hawkins, Inc. (HWKN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking forward, the company expressed optimism about the improving domestic steel markets, growing customer demand and rising spot selling prices. The guidance reflects robust performance, ongoing negotiations for annual auto contracts with increased volumes and better pricing and progress in Best for All strategic projects. Approximately $10 million in anticipated start-up costs related to the Keetac direct reduced-grade pellet investment are factored into the segment's adjusted results.
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United States Steel Corporation Price and Consensus United States Steel Corporation price-consensus-chart | United States Steel Corporation Quote The Flat-Rolled segment is projected to experience a decline in adjusted EBITDA from third-quarter levels. Some other top-ranked stocks in the Basic Materials space are Axalta Coating Systems Ltd. AXTA, sporting a Zacks Rank #1 (Strong Buy), and Hawkins, Inc HWKN and Alamos Gold Inc. AGI, each carrying a Zacks Rank #2. Click to get this free report United States Steel Corporation (X) : Free Stock Analysis Report Alamos Gold Inc. (AGI) : Free Stock Analysis Report Axalta Coating Systems Ltd. (AXTA) : Free Stock Analysis Report Hawkins, Inc. (HWKN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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United States Steel Corporation Price and Consensus United States Steel Corporation price-consensus-chart | United States Steel Corporation Quote The Flat-Rolled segment is projected to experience a decline in adjusted EBITDA from third-quarter levels. Image Source: Zacks Investment Research Zacks Rank & Other Key Picks U.S. Steel currently carries a Zacks Rank #2 (Buy). Click to get this free report United States Steel Corporation (X) : Free Stock Analysis Report Alamos Gold Inc. (AGI) : Free Stock Analysis Report Axalta Coating Systems Ltd. (AXTA) : Free Stock Analysis Report Hawkins, Inc. (HWKN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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In the Tubular segment, increased shipments are anticipated to compensate for lower selling prices. Around $10 million in anticipated construction-related costs for ongoing strategic projects at Big River Steel are included in the segment's adjusted results. This is expected despite pricing challenges, as lower raw material costs, increased shipment volumes and the absence of planned outage spending from the third quarter are anticipated to offset pricing headwinds.
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b994c40b-1002-4517-9a5d-ae1effaa3a8c
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713268.0
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2023-12-12 00:00:00 UTC
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Noteworthy ETF Outflows: IGV, ORCL, SNPS, CDNS
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DCOMP
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https://www.nasdaq.com/articles/noteworthy-etf-outflows%3A-igv-orcl-snps-cdns
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Expanded Tech-Software Sector ETF (Symbol: IGV) where we have detected an approximate $99.4 million dollar outflow -- that's a 1.3% decrease week over week (from 18,600,000 to 18,350,000). Among the largest underlying components of IGV, in trading today Oracle Corp (Symbol: ORCL) is up about 1.1%, Synopsys Inc (Symbol: SNPS) is up about 0.3%, and Cadence Design Systems Inc (Symbol: CDNS) is higher by about 0.7%. For a complete list of holdings, visit the IGV Holdings page » The chart below shows the one year price performance of IGV, versus its 200 day moving average:
Looking at the chart above, IGV's low point in its 52 week range is $246.88 per share, with $403.90 as the 52 week high point — that compares with a last trade of $401.34. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
Also see:
Office Supplies Dividend Stocks
NSM Options Chain
MPAA Options Chain
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs. Click here to find out which 9 other ETFs experienced notable outflows » Also see: Office Supplies Dividend Stocks NSM Options Chain MPAA Options Chain The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For a complete list of holdings, visit the IGV Holdings page » The chart below shows the one year price performance of IGV, versus its 200 day moving average: Looking at the chart above, IGV's low point in its 52 week range is $246.88 per share, with $403.90 as the 52 week high point — that compares with a last trade of $401.34. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Click here to find out which 9 other ETFs experienced notable outflows » Also see: Office Supplies Dividend Stocks NSM Options Chain MPAA Options Chain The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Expanded Tech-Software Sector ETF (Symbol: IGV) where we have detected an approximate $99.4 million dollar outflow -- that's a 1.3% decrease week over week (from 18,600,000 to 18,350,000). For a complete list of holdings, visit the IGV Holdings page » The chart below shows the one year price performance of IGV, versus its 200 day moving average: Looking at the chart above, IGV's low point in its 52 week range is $246.88 per share, with $403.90 as the 52 week high point — that compares with a last trade of $401.34. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Expanded Tech-Software Sector ETF (Symbol: IGV) where we have detected an approximate $99.4 million dollar outflow -- that's a 1.3% decrease week over week (from 18,600,000 to 18,350,000). For a complete list of holdings, visit the IGV Holdings page » The chart below shows the one year price performance of IGV, versus its 200 day moving average: Looking at the chart above, IGV's low point in its 52 week range is $246.88 per share, with $403.90 as the 52 week high point — that compares with a last trade of $401.34. Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.
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3316236b-9923-4d97-9eec-90948a369596
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713269.0
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2023-12-12 00:00:00 UTC
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SPLV, KHC, KMB, CL: Large Outflows Detected at ETF
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DCOMP
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https://www.nasdaq.com/articles/splv-khc-kmb-cl%3A-large-outflows-detected-at-etf
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco S&P 500— Low Volatility ETF (Symbol: SPLV) where we have detected an approximate $66.8 million dollar outflow -- that's a 0.8% decrease week over week (from 134,740,000 to 133,670,000). Among the largest underlying components of SPLV, in trading today Kraft Heinz Co (Symbol: KHC) is off about 0.9%, Kimberly-Clark Corp. (Symbol: KMB) is off about 1.3%, and Colgate-Palmolive Co. (Symbol: CL) is up by about 0.3%. For a complete list of holdings, visit the SPLV Holdings page » The chart below shows the one year price performance of SPLV, versus its 200 day moving average:
Looking at the chart above, SPLV's low point in its 52 week range is $57.17 per share, with $65.294 as the 52 week high point — that compares with a last trade of $61.92. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Free Report: Top 8%+ Dividends (paid monthly)
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
Also see:
Institutional Holders of QQH
STRA Next Dividend Date
Funds Holding FNDF
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs. Click here to find out which 9 other ETFs experienced notable outflows » Also see: Institutional Holders of QQH STRA Next Dividend Date Funds Holding FNDF The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For a complete list of holdings, visit the SPLV Holdings page » The chart below shows the one year price performance of SPLV, versus its 200 day moving average: Looking at the chart above, SPLV's low point in its 52 week range is $57.17 per share, with $65.294 as the 52 week high point — that compares with a last trade of $61.92. Free Report: Top 8%+ Dividends (paid monthly) Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed).
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco S&P 500— Low Volatility ETF (Symbol: SPLV) where we have detected an approximate $66.8 million dollar outflow -- that's a 0.8% decrease week over week (from 134,740,000 to 133,670,000). For a complete list of holdings, visit the SPLV Holdings page » The chart below shows the one year price performance of SPLV, versus its 200 day moving average: Looking at the chart above, SPLV's low point in its 52 week range is $57.17 per share, with $65.294 as the 52 week high point — that compares with a last trade of $61.92. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco S&P 500— Low Volatility ETF (Symbol: SPLV) where we have detected an approximate $66.8 million dollar outflow -- that's a 0.8% decrease week over week (from 134,740,000 to 133,670,000). Among the largest underlying components of SPLV, in trading today Kraft Heinz Co (Symbol: KHC) is off about 0.9%, Kimberly-Clark Corp. (Symbol: KMB) is off about 1.3%, and Colgate-Palmolive Co. (Symbol: CL) is up by about 0.3%. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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1ab94404-e8ce-4b80-ab13-fe705fe0c15a
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713270.0
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2023-12-12 00:00:00 UTC
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DGRO, JPM, UNH, C: ETF Outflow Alert
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DCOMP
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https://www.nasdaq.com/articles/dgro-jpm-unh-c%3A-etf-outflow-alert
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core Dividend Growth ETF (Symbol: DGRO) where we have detected an approximate $177.8 million dollar outflow -- that's a 0.7% decrease week over week (from 469,350,000 to 466,050,000). Among the largest underlying components of DGRO, in trading today JPMorgan Chase & Co (Symbol: JPM) is off about 0.1%, UnitedHealth Group Inc (Symbol: UNH) is down about 2%, and Citigroup Inc (Symbol: C) is lower by about 0.9%. For a complete list of holdings, visit the DGRO Holdings page » The chart below shows the one year price performance of DGRO, versus its 200 day moving average:
Looking at the chart above, DGRO's low point in its 52 week range is $47.1901 per share, with $54.10 as the 52 week high point — that compares with a last trade of $53.69. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Free Report: Top 8%+ Dividends (paid monthly)
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
Also see:
Top Stocks Held By Nelson Peltz
Top Ten Hedge Funds Holding DIVO
Top Ten Hedge Funds Holding AMAM
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs. Click here to find out which 9 other ETFs experienced notable outflows » Also see: Top Stocks Held By Nelson Peltz Top Ten Hedge Funds Holding DIVO Top Ten Hedge Funds Holding AMAM The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For a complete list of holdings, visit the DGRO Holdings page » The chart below shows the one year price performance of DGRO, versus its 200 day moving average: Looking at the chart above, DGRO's low point in its 52 week range is $47.1901 per share, with $54.10 as the 52 week high point — that compares with a last trade of $53.69. Free Report: Top 8%+ Dividends (paid monthly) Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. Click here to find out which 9 other ETFs experienced notable outflows » Also see: Top Stocks Held By Nelson Peltz Top Ten Hedge Funds Holding DIVO Top Ten Hedge Funds Holding AMAM The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core Dividend Growth ETF (Symbol: DGRO) where we have detected an approximate $177.8 million dollar outflow -- that's a 0.7% decrease week over week (from 469,350,000 to 466,050,000). For a complete list of holdings, visit the DGRO Holdings page » The chart below shows the one year price performance of DGRO, versus its 200 day moving average: Looking at the chart above, DGRO's low point in its 52 week range is $47.1901 per share, with $54.10 as the 52 week high point — that compares with a last trade of $53.69. Click here to find out which 9 other ETFs experienced notable outflows » Also see: Top Stocks Held By Nelson Peltz Top Ten Hedge Funds Holding DIVO Top Ten Hedge Funds Holding AMAM The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core Dividend Growth ETF (Symbol: DGRO) where we have detected an approximate $177.8 million dollar outflow -- that's a 0.7% decrease week over week (from 469,350,000 to 466,050,000). Among the largest underlying components of DGRO, in trading today JPMorgan Chase & Co (Symbol: JPM) is off about 0.1%, UnitedHealth Group Inc (Symbol: UNH) is down about 2%, and Citigroup Inc (Symbol: C) is lower by about 0.9%. Free Report: Top 8%+ Dividends (paid monthly) Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.
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6e048962-263f-42a6-9615-4968924fceb5
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713271.0
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2023-12-12 00:00:00 UTC
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IVW, ELV, DE, LRCX: Large Outflows Detected at ETF
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DCOMP
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https://www.nasdaq.com/articles/ivw-elv-de-lrcx%3A-large-outflows-detected-at-etf
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares S&P 500 Growth ETF (Symbol: IVW) where we have detected an approximate $122.8 million dollar outflow -- that's a 0.3% decrease week over week (from 492,250,000 to 490,600,000). Among the largest underlying components of IVW, in trading today Elevance Health Inc (Symbol: ELV) is off about 3.5%, Deere & Co. (Symbol: DE) is down about 0.9%, and Lam Research Corp (Symbol: LRCX) is higher by about 0.9%. For a complete list of holdings, visit the IVW Holdings page » The chart below shows the one year price performance of IVW, versus its 200 day moving average:
Looking at the chart above, IVW's low point in its 52 week range is $57.19 per share, with $74.83 as the 52 week high point — that compares with a last trade of $74.48. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
Also see:
CTSO YTD Return
EQWL Dividend History
CMPS Videos
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs. Click here to find out which 9 other ETFs experienced notable outflows » Also see: CTSO YTD Return EQWL Dividend History CMPS Videos The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For a complete list of holdings, visit the IVW Holdings page » The chart below shows the one year price performance of IVW, versus its 200 day moving average: Looking at the chart above, IVW's low point in its 52 week range is $57.19 per share, with $74.83 as the 52 week high point — that compares with a last trade of $74.48. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Click here to find out which 9 other ETFs experienced notable outflows » Also see: CTSO YTD Return EQWL Dividend History CMPS Videos The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares S&P 500 Growth ETF (Symbol: IVW) where we have detected an approximate $122.8 million dollar outflow -- that's a 0.3% decrease week over week (from 492,250,000 to 490,600,000). For a complete list of holdings, visit the IVW Holdings page » The chart below shows the one year price performance of IVW, versus its 200 day moving average: Looking at the chart above, IVW's low point in its 52 week range is $57.19 per share, with $74.83 as the 52 week high point — that compares with a last trade of $74.48. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares S&P 500 Growth ETF (Symbol: IVW) where we have detected an approximate $122.8 million dollar outflow -- that's a 0.3% decrease week over week (from 492,250,000 to 490,600,000). For a complete list of holdings, visit the IVW Holdings page » The chart below shows the one year price performance of IVW, versus its 200 day moving average: Looking at the chart above, IVW's low point in its 52 week range is $57.19 per share, with $74.83 as the 52 week high point — that compares with a last trade of $74.48. Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.
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41332733-8958-4f79-8b23-9b99686711fd
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713272.0
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2023-12-12 00:00:00 UTC
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Noteworthy ETF Outflows: XLI, UNP, BA, CAT
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DCOMP
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https://www.nasdaq.com/articles/noteworthy-etf-outflows%3A-xli-unp-ba-cat
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Industrial Select Sector SPDR Fund (Symbol: XLI) where we have detected an approximate $158.4 million dollar outflow -- that's a 1.0% decrease week over week (from 138,730,000 to 137,330,000). Among the largest underlying components of XLI, in trading today Union Pacific Corp (Symbol: UNP) is off about 0.6%, Boeing Co. (Symbol: BA) is up about 1.9%, and Caterpillar Inc. (Symbol: CAT) is up by about 0.1%. For a complete list of holdings, visit the XLI Holdings page » The chart below shows the one year price performance of XLI, versus its 200 day moving average:
Looking at the chart above, XLI's low point in its 52 week range is $95.19 per share, with $113.44 as the 52 week high point — that compares with a last trade of $113.09. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
Also see:
Preferred Stock Channel
SAFE shares outstanding history
XLV Options Chain
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Industrial Select Sector SPDR Fund (Symbol: XLI) where we have detected an approximate $158.4 million dollar outflow -- that's a 1.0% decrease week over week (from 138,730,000 to 137,330,000). These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Click here to find out which 9 other ETFs experienced notable outflows » Also see: Preferred Stock Channel SAFE shares outstanding history XLV Options Chain The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For a complete list of holdings, visit the XLI Holdings page » The chart below shows the one year price performance of XLI, versus its 200 day moving average: Looking at the chart above, XLI's low point in its 52 week range is $95.19 per share, with $113.44 as the 52 week high point — that compares with a last trade of $113.09. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Click here to find out which 9 other ETFs experienced notable outflows » Also see: Preferred Stock Channel SAFE shares outstanding history XLV Options Chain The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Industrial Select Sector SPDR Fund (Symbol: XLI) where we have detected an approximate $158.4 million dollar outflow -- that's a 1.0% decrease week over week (from 138,730,000 to 137,330,000). For a complete list of holdings, visit the XLI Holdings page » The chart below shows the one year price performance of XLI, versus its 200 day moving average: Looking at the chart above, XLI's low point in its 52 week range is $95.19 per share, with $113.44 as the 52 week high point — that compares with a last trade of $113.09. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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For a complete list of holdings, visit the XLI Holdings page » The chart below shows the one year price performance of XLI, versus its 200 day moving average: Looking at the chart above, XLI's low point in its 52 week range is $95.19 per share, with $113.44 as the 52 week high point — that compares with a last trade of $113.09. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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6ed95ec3-4409-4306-83c3-bbaead87edcb
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713273.0
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2023-12-12 00:00:00 UTC
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Neogen (NEOG) to Advance Feline DNA Testing With New Pact
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DCOMP
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https://www.nasdaq.com/articles/neogen-neog-to-advance-feline-dna-testing-with-new-pact
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nan
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nan
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Neogen Corporation NEOG recently collaborated with the Cat Fanciers' Association (CFA). With the goal of expanding the genomic products available to CFA members through marketing, education and promotion of Neogen technology and products, the partnership is centered around Neogen's My CatScanTM DNA testing services.
The recent development will enable Neogen to continue offering advanced genomic solutions and strengthen its global foothold.
About Cat Fanciers' Association
Since 1906, the world's most significant pedigreed cat registry and a not-for-profit network of member clubs — the Cat Fanciers' network — has been devoted to conserving, honoring and safeguarding cats. The goals of CFA are to protect and advance cat breeds with a strong pedigree and to improve the welfare of all cats. Millions of cat owners worldwide are encouraged by CFA to receive appropriate care, education and responsible cat keeping.
Strategic Implications
This strategic alliance will expand feline DNA testing and strengthen Neogen's relationship with the kitty community. Neogen and CFA are looking forward to a generative relationship that will spur innovation and raise awareness in the field of feline genetics.
Preservation breeding is all about making deliberate choices based on ancestry and, most importantly, health and genetic features. My CatScan by Neogen scans for more than 120 feline health concerns and genetic features, providing breeders with the information they need to build new generations of pedigreed cats meticulously.
Industry Prospects
Per a report by Grand View Research, the global pet DNA testing market size is estimated to reach USD 322.02 million in 2022. It is expected to witness a compound annual growth rate (CAGR) of 9.20% over the forecast period. The market growth is propelled by factors like increasing pet adoption rates, rising consumer genomics, increasing R&D activities by key companies & academic researchers and growing awareness & sales of pet DNA testing kits.
Recent Developments
Neogen’s Animal Safety segment is gaining from strong performances of a complete line of consumable products marketed to veterinarians and animal health product distributors. Its genomic identification and related interpretive bioinformatics services are showing strong prospects, too. The Animal Safety business continues to grow, led by sales of vet instruments and disposables and a new line of business with a large retail customer. Within the biosecurity portfolio, Neogen continues to grow solidly in cleaners, disinfectants and rodenticides.
In terms of the latest development, within worldwide genomics, the company registered solid growth in international beef markets and companion animal testing during the fiscal first quarter.
Image Source: Zacks Investment Research
In June 2023, Neogen launched My CatScan 2.0, an incredibly refined and improved version of the test. The extended analysis offered by My CatScan 2.0 gives cat owners, feline breeders and veterinarians a deeper level of knowledge to provide insights into the health and well-being of their feline pets.
Price Performance
In the past year, NEOG’s shares have increased 28.1% against the industry’s fall of 3%.
Zacks Rank and Other Key Picks
Neogen carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks in the broader medical space are Haemonetics HAE, Insulet PODD and DexCom DXCM. While Haemonetics and DexCom carry a Zacks Rank #2, Insulet sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Haemonetics’ stock has risen 11.6% in the past year. Earnings estimates for Haemonetics have increased from $3.82 to $3.86 in 2023 and $4.07 to $4.11 in 2024 in the past 30 days.
HAE’s earnings beat estimates in each of the trailing four quarters, delivering an average surprise of 16.1%. In the last reported quarter, it posted an earnings surprise of 5.3%.
Estimates for Insulet’s 2023 earnings per share have increased from $1.61 to $1.90 in the past 30 days. Shares of the company have declined 40.9% in the past year compared with the industry’s decline of 7%.
PODD’s earnings surpassed estimates in all the trailing four quarters, the average surprise being 105.1%. In the last reported quarter, it delivered an average earnings surprise of 77.4%.
Estimates for DexCom’s 2023 earnings per share have increased from $1.23 to $1.41 in the past 30 days. Shares of the company have fallen 7.8% in the past year compared with the industry’s decline of 7.1%.
DXCM’s earnings surpassed estimates in all the trailing four quarters, the average surprise being 36.4%. In the last reported quarter, it delivered an average earnings surprise of 47.1%.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Haemonetics Corporation (HAE) : Free Stock Analysis Report
DexCom, Inc. (DXCM) : Free Stock Analysis Report
Neogen Corporation (NEOG) : Free Stock Analysis Report
Insulet Corporation (PODD) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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My CatScan by Neogen scans for more than 120 feline health concerns and genetic features, providing breeders with the information they need to build new generations of pedigreed cats meticulously. Industry Prospects Per a report by Grand View Research, the global pet DNA testing market size is estimated to reach USD 322.02 million in 2022. In terms of the latest development, within worldwide genomics, the company registered solid growth in international beef markets and companion animal testing during the fiscal first quarter.
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Recent Developments Neogen’s Animal Safety segment is gaining from strong performances of a complete line of consumable products marketed to veterinarians and animal health product distributors. While Haemonetics and DexCom carry a Zacks Rank #2, Insulet sports a Zacks Rank #1 (Strong Buy). Click to get this free report Haemonetics Corporation (HAE) : Free Stock Analysis Report DexCom, Inc. (DXCM) : Free Stock Analysis Report Neogen Corporation (NEOG) : Free Stock Analysis Report Insulet Corporation (PODD) : Free Stock Analysis Report To read this article on Zacks.com click here.
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With the goal of expanding the genomic products available to CFA members through marketing, education and promotion of Neogen technology and products, the partnership is centered around Neogen's My CatScanTM DNA testing services. The market growth is propelled by factors like increasing pet adoption rates, rising consumer genomics, increasing R&D activities by key companies & academic researchers and growing awareness & sales of pet DNA testing kits. Click to get this free report Haemonetics Corporation (HAE) : Free Stock Analysis Report DexCom, Inc. (DXCM) : Free Stock Analysis Report Neogen Corporation (NEOG) : Free Stock Analysis Report Insulet Corporation (PODD) : Free Stock Analysis Report To read this article on Zacks.com click here.
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With the goal of expanding the genomic products available to CFA members through marketing, education and promotion of Neogen technology and products, the partnership is centered around Neogen's My CatScanTM DNA testing services. Estimates for Insulet’s 2023 earnings per share have increased from $1.61 to $1.90 in the past 30 days. Estimates for DexCom’s 2023 earnings per share have increased from $1.23 to $1.41 in the past 30 days.
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47e8b9d4-a1c5-4dad-953a-f558ae15047a
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713274.0
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2023-12-12 00:00:00 UTC
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Uptake of new hemophilia gene therapies slow as field assesses options
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DCOMP
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https://www.nasdaq.com/articles/uptake-of-new-hemophilia-gene-therapies-slow-as-field-assesses-options
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nan
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nan
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By Deena Beasley
Dec 15 (Reuters) - High cost, logistical issues and the prospect of potential treatment advances are holding back adoption of the first gene therapies for hemophilia, experts said this week during the American Society of Hematology's (ASH) annual meeting.
Experimental options discussed at the San Diego meeting included personalized treatments and next-generation gene therapies, many still in the earliest stages of testing.
People with hemophilia have a fault in a gene that regulates production of proteins called clotting factors. This can cause spontaneous bleeding as well as severe bleeding following injuries or surgery.
Since the gene is carried on the X chromosome, hemophilia is almost entirely a male disease.
U.S. regulators over a year ago approved the first one-time gene therapy for hemophilia B, CSL's CSL.AX Hemgenix. Its list price of $3.5 million makes it the world's most expensive drug.
BioMarin's BMRN.O Roctavian, the first gene therapy for the more common hemophilia A, was approved in June and has a U.S. list price of $2.9 million.
"The problem is nothing is perfect with gene therapy," said Dr. Margaret Ragni, professor at the University of Pittsburgh's hematology/oncology division.
She said many patients are not great candidates due to underlying conditions such as having antibodies to blood factors, antibodies to the virus used as a vector to deliver the new gene, liver disease, HIV infection or obesity. The durability of the replacement genes and risks of long-term side effects are also open questions.
Dr. Michael Recht, chief medical and scientific officer at the National Bleeding Disorders Foundation, said gene therapies can be "transformative" for the right patient, but large medical systems have been stymied by their expense and logistics.
"Three and a half million bucks is a lot to have sitting on your books, waiting for an insurance company to get around to cutting that check," he said. "In the entire Northeast region so far there hasn't been a single vector delivered yet."
BioMarin declined to comment on timing for commercial use of Roctavian in the United States, but said many hemophilia treatment centers have begun site preparation.
The first commercial patient was treated with Hemgenix in June. CSL declined to comment on use to date, but has said it expects around 50 commercial patients globally by next June.
Bob Lojewski, CSL's North America general manager, said "a lot of patients" have been referred for Hemgenix and are waiting to get the therapy administered.
Sources said the hemophilia community has been hesitant to embrace gene therapy in part because in the 1970s and 1980s thousands of patients became infected with hepatitis C or HIV from donated blood.
A major advance came in the early 1990s, when bioengineered clotting factors replaced those derived from blood plasma. About 10 years ago, long-acting factor replacements were developed, greatly reducing the number of infusions needed to prevent traumatic bleeding.
Both Hemgenix and Roctavian deliver replacement genes by an infusion to the liver using a modified virus. Afterward, patients develop antibodies to the virus, making them ineligible for any future gene therapies that use the same delivery system.
'INCREDIBLE INNOVATION'
Hemgenix data presented at ASH showed that after three years, 51 out of 54 trial participants remained free from the need for regular factor replacement infusions, although nine needed treatment for liver enzyme issues.
Roctavian trial results showed that after three years, 46 out of 134 patients had factor VIII levels within the range classified as moderate or severe disease, and eight of them had resumed other treatments.
Currently, the most widely-used hemophilia A treatment is Roche's ROG.S antibody Hemlibra, which won U.S. approval in 2017. Given as a weekly injection, it works by bridging other factors in the blood to restore clotting.
Unlike the gene therapies, which are approved only for adults, Hemlibra can be given to all ages, including infants.
Pfizer PFE.N on Monday said it is seeking U.S. approval for its experimental antibody marstacimab after showing positive Phase 3 data at ASH for both hemophilia A and B.
Pfizer and Roche are also developing gene therapies for hemophilia.
Other hemophilia researchers are looking to genetically modify a patient's own stem cells and re-introduce them, but without need for harsh transplantation conditioning regimens. Others are looking at ways to engineer a patient's B cells to produce blood factors; and to use gene editing to correct clotting factor production.
"There is some incredible innovation," Recht said.
(Reporting By Deena Beasley Editing by Caroline Humer and Bill Berkrot)
((deena.beasley@thomsonreuters.com; 213 955 6746; Reuters Messaging: deena.beasley.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Deena Beasley Dec 15 (Reuters) - High cost, logistical issues and the prospect of potential treatment advances are holding back adoption of the first gene therapies for hemophilia, experts said this week during the American Society of Hematology's (ASH) annual meeting. Sources said the hemophilia community has been hesitant to embrace gene therapy in part because in the 1970s and 1980s thousands of patients became infected with hepatitis C or HIV from donated blood. Roctavian trial results showed that after three years, 46 out of 134 patients had factor VIII levels within the range classified as moderate or severe disease, and eight of them had resumed other treatments.
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U.S. regulators over a year ago approved the first one-time gene therapy for hemophilia B, CSL's CSL.AX Hemgenix. She said many patients are not great candidates due to underlying conditions such as having antibodies to blood factors, antibodies to the virus used as a vector to deliver the new gene, liver disease, HIV infection or obesity. Pfizer PFE.N on Monday said it is seeking U.S. approval for its experimental antibody marstacimab after showing positive Phase 3 data at ASH for both hemophilia A and B. Pfizer and Roche are also developing gene therapies for hemophilia.
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BioMarin's BMRN.O Roctavian, the first gene therapy for the more common hemophilia A, was approved in June and has a U.S. list price of $2.9 million. She said many patients are not great candidates due to underlying conditions such as having antibodies to blood factors, antibodies to the virus used as a vector to deliver the new gene, liver disease, HIV infection or obesity. Pfizer PFE.N on Monday said it is seeking U.S. approval for its experimental antibody marstacimab after showing positive Phase 3 data at ASH for both hemophilia A and B. Pfizer and Roche are also developing gene therapies for hemophilia.
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U.S. regulators over a year ago approved the first one-time gene therapy for hemophilia B, CSL's CSL.AX Hemgenix. She said many patients are not great candidates due to underlying conditions such as having antibodies to blood factors, antibodies to the virus used as a vector to deliver the new gene, liver disease, HIV infection or obesity. Both Hemgenix and Roctavian deliver replacement genes by an infusion to the liver using a modified virus.
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5627fcad-9fd1-47ba-b8bb-5d0aa1508fc8
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713275.0
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2023-12-12 00:00:00 UTC
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Here's Why You Should Retain Globus Medical (GMED) Stock Now
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DCOMP
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https://www.nasdaq.com/articles/heres-why-you-should-retain-globus-medical-gmed-stock-now-2
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nan
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nan
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Globus Medical, Inc. GMED is well-poised for growth in the coming quarters, backed by growth across its U.S. spine and trauma portfolios. The Enabling Technologies business benefits from the continued uptake of EGPS and E3D systems. However, several macroeconomic issues are denting the company’s profit margins.
In the past year, this Zacks Rank #3 (Hold) stock has increased 31.2% compared with the 1.4% rise of the industry and a 23.1% increase of the S&P 500 composite.
The renowned medical device company has a market capitalization of $6.81 billion. Globus Medical projects a long-term estimated earnings growth rate of 11.5% compared with 13.3% of the industry. GMED’s earnings surpassed estimates in three of the trailing four quarters and missed the same in one, delivering an average surprise of 5.44%.
Let’s delve deeper.
Upsides
Musculoskeletal Prospects Strong: In the third quarter, Legacy Globus's musculoskeletal revenues rose 10.7%. Earlier, Globus Medical launched three new products — REFLECT, MARVEL and Ossifuse. The company continues to make significant progress in launching its prone, lateral patient positioning system. As Globus Medical moves into the second half of 2023 and into 2024, the company anticipates a strong cadence of product launches throughout the Musculoskeletal portfolio.
Steady Pace of Product Development: In line with the company’s business strategy to focus on its integrated product development, Globus Medical is consistently making efforts in research and development.
In September 2023, Globus Medical launched the Precice Bone Transport system commercially in the targeted areas by NuVasive Specialised Orthopaedics (NSO). The most recent addition to the less intrusive NSO portfolio recently received CE marking and approval, and it is now offered in a few regions.
Image Source: Zacks Investment Research
In Q3, the company launched Hydrone, an interior 3D printed interbody fusion device and Strato wiring system for trauma. Management noted that Surgeons would soon start gaining access to its broader expandable offerings, 3D printed interbody portfolio, cervical disc, robotic prone, lateral system, EGPS E3D and neuromonitoring solutions, improved retractors, Magic and the precise family of limb-lengthening products.
Strong Liquidity, Solvency and Capital Structure: Globus Medical exited the third quarter of 2023 with cash and cash equivalents and short-term marketable securities of $468.9 million compared with $612.8 million at the end of the second quarter. The company finished the quarter with no debt on its balance sheet.
Downsides
Macroeconomic Concerns Curb Profit: Like other industry players, Globus Medical is currently grappling with negative trends in the global economy, including interest rate fluctuations, increases in inflation, and financial market volatility. These factors are affecting the company’s operations and financial performance. Global inflation, in particular, led to a significant rise in the cost of raw materials for companies. In the third quarter, the company incurred a 139.6% surge in the cost of goods sold.
Exposure to Currency Movement: In the last nine months, Globus Medical generated 17.1% of its sales from the international market. A significant portion of the company’s foreign revenues and expenses is generated in Japan, the Eurozone, the U.K. and Australia. This makes it highly vulnerable to currency fluctuations. For 2022, the company reported a foreign currency transaction loss of $1.02 million.
Estimate Trend
The Zacks Consensus Estimate for 2023 earnings per share (EPS) moved from $2.32 to $2.30 in the past 90 days.
The Zacks Consensus Estimate for the company’s 2023 revenues is pegged at $1.56 billion. This suggests a 52.1% rise from the year-ago reported number.
Key Picks
Some beter-ranked stocks in the broader medical space are Haemonetics HAE, Insulet PODD and DexCom DXCM. While Haemonetics and DexCom each carry a Zacks Rank #2 (Buy), Insulet sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Haemonetics’ shares have increased 11.6% in the past year. Earnings estimates for Haemonetics have increased from $3.82 to $3.86 in 2023 and $4.07 to $4.11 in 2024 in the past 30 days.
HAE’s earnings beat estimates in each of the trailing four quarters, delivering an average surprise of 16.1%. In the last reported quarter, it posted an earnings surprise of 5.3%.
Estimates for Insulet’s 2023 earnings per share have increased from $1.61 to $1.90 in the past 30 days. Shares of the company have plunged 40.9% in the past year compared with the industry’s decline of 7%.
PODD’s earnings surpassed estimates in all the trailing four quarters, the average surprise being 105.1%. In the last reported quarter, it delivered an average earnings surprise of 77.4%.
Estimates for DexCom’s 2023 earnings per share have increased from $1.23 to $1.41 in the past 30 days. Shares of the company have fallen 7.8% in the past year compared with the industry’s decline of 7.1%.
DXCM’s earnings surpassed estimates in all the trailing four quarters, the average surprise being 36.4%. In the last reported quarter, it delivered an average earnings surprise of 47.1%.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Haemonetics Corporation (HAE) : Free Stock Analysis Report
DexCom, Inc. (DXCM) : Free Stock Analysis Report
Insulet Corporation (PODD) : Free Stock Analysis Report
Globus Medical, Inc. (GMED) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Image Source: Zacks Investment Research In Q3, the company launched Hydrone, an interior 3D printed interbody fusion device and Strato wiring system for trauma. Management noted that Surgeons would soon start gaining access to its broader expandable offerings, 3D printed interbody portfolio, cervical disc, robotic prone, lateral system, EGPS E3D and neuromonitoring solutions, improved retractors, Magic and the precise family of limb-lengthening products. Downsides Macroeconomic Concerns Curb Profit: Like other industry players, Globus Medical is currently grappling with negative trends in the global economy, including interest rate fluctuations, increases in inflation, and financial market volatility.
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Management noted that Surgeons would soon start gaining access to its broader expandable offerings, 3D printed interbody portfolio, cervical disc, robotic prone, lateral system, EGPS E3D and neuromonitoring solutions, improved retractors, Magic and the precise family of limb-lengthening products. While Haemonetics and DexCom each carry a Zacks Rank #2 (Buy), Insulet sports a Zacks Rank #1 (Strong Buy). Click to get this free report Haemonetics Corporation (HAE) : Free Stock Analysis Report DexCom, Inc. (DXCM) : Free Stock Analysis Report Insulet Corporation (PODD) : Free Stock Analysis Report Globus Medical, Inc. (GMED) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Estimate Trend The Zacks Consensus Estimate for 2023 earnings per share (EPS) moved from $2.32 to $2.30 in the past 90 days. 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 Haemonetics Corporation (HAE) : Free Stock Analysis Report DexCom, Inc. (DXCM) : Free Stock Analysis Report Insulet Corporation (PODD) : Free Stock Analysis Report Globus Medical, Inc. (GMED) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Estimate Trend The Zacks Consensus Estimate for 2023 earnings per share (EPS) moved from $2.32 to $2.30 in the past 90 days. Estimates for Insulet’s 2023 earnings per share have increased from $1.61 to $1.90 in the past 30 days. Estimates for DexCom’s 2023 earnings per share have increased from $1.23 to $1.41 in the past 30 days.
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78d5c4b2-4dd6-4ad2-a836-f0a156dce62a
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713276.0
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2023-12-12 00:00:00 UTC
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IJS, MTH, NSIT, DXC: Large Inflows Detected at ETF
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DCOMP
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https://www.nasdaq.com/articles/ijs-mth-nsit-dxc%3A-large-inflows-detected-at-etf
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares S&P Small-Cap 600 Value ETF (Symbol: IJS) where we have detected an approximate $348.2 million dollar inflow -- that's a 4.9% increase week over week in outstanding units (from 70,000,000 to 73,400,000). Among the largest underlying components of IJS, in trading today Meritage Homes Corp (Symbol: MTH) is down about 1.9%, Insight Enterprises Inc. (Symbol: NSIT) is up about 1%, and DXC Technology Co (Symbol: DXC) is lower by about 0.9%. For a complete list of holdings, visit the IJS Holdings page » The chart below shows the one year price performance of IJS, versus its 200 day moving average:
Looking at the chart above, IJS's low point in its 52 week range is $81.81 per share, with $106.935 as the 52 week high point — that compares with a last trade of $101.89. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
Also see:
Top Ten Hedge Funds Holding NUTR
Institutional Holders of AI
PH Options Chain
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs. Click here to find out which 9 other ETFs had notable inflows » Also see: Top Ten Hedge Funds Holding NUTR Institutional Holders of AI PH Options Chain The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of IJS, in trading today Meritage Homes Corp (Symbol: MTH) is down about 1.9%, Insight Enterprises Inc. (Symbol: NSIT) is up about 1%, and DXC Technology Co (Symbol: DXC) is lower by about 0.9%. For a complete list of holdings, visit the IJS Holdings page » The chart below shows the one year price performance of IJS, versus its 200 day moving average: Looking at the chart above, IJS's low point in its 52 week range is $81.81 per share, with $106.935 as the 52 week high point — that compares with a last trade of $101.89. Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares S&P Small-Cap 600 Value ETF (Symbol: IJS) where we have detected an approximate $348.2 million dollar inflow -- that's a 4.9% increase week over week in outstanding units (from 70,000,000 to 73,400,000). For a complete list of holdings, visit the IJS Holdings page » The chart below shows the one year price performance of IJS, versus its 200 day moving average: Looking at the chart above, IJS's low point in its 52 week range is $81.81 per share, with $106.935 as the 52 week high point — that compares with a last trade of $101.89. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares S&P Small-Cap 600 Value ETF (Symbol: IJS) where we have detected an approximate $348.2 million dollar inflow -- that's a 4.9% increase week over week in outstanding units (from 70,000,000 to 73,400,000). For a complete list of holdings, visit the IJS Holdings page » The chart below shows the one year price performance of IJS, versus its 200 day moving average: Looking at the chart above, IJS's low point in its 52 week range is $81.81 per share, with $106.935 as the 52 week high point — that compares with a last trade of $101.89. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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20be67ea-1ca7-4f4f-b693-e57ef7846278
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713277.0
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2023-12-12 00:00:00 UTC
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RSP, ALL, EXPE, IT: ETF Inflow Alert
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DCOMP
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https://www.nasdaq.com/articles/rsp-all-expe-it%3A-etf-inflow-alert
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco S&P 500— Equal Weight ETF (Symbol: RSP) where we have detected an approximate $686.5 million dollar inflow -- that's a 1.5% increase week over week in outstanding units (from 292,620,000 to 296,980,000). Among the largest underlying components of RSP, in trading today Allstate Corp (Symbol: ALL) is up about 0.4%, Expedia Group Inc (Symbol: EXPE) is off about 0.6%, and Gartner Inc (Symbol: IT) is lower by about 0.1%. For a complete list of holdings, visit the RSP Holdings page » The chart below shows the one year price performance of RSP, versus its 200 day moving average:
Looking at the chart above, RSP's low point in its 52 week range is $133.34 per share, with $158.25 as the 52 week high point — that compares with a last trade of $156.73. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
Also see:
KNDI YTD Return
CLST shares outstanding history
Funds Holding IFFT
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs. Click here to find out which 9 other ETFs had notable inflows » Also see: KNDI YTD Return CLST shares outstanding history Funds Holding IFFT The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of RSP, in trading today Allstate Corp (Symbol: ALL) is up about 0.4%, Expedia Group Inc (Symbol: EXPE) is off about 0.6%, and Gartner Inc (Symbol: IT) is lower by about 0.1%. For a complete list of holdings, visit the RSP Holdings page » The chart below shows the one year price performance of RSP, versus its 200 day moving average: Looking at the chart above, RSP's low point in its 52 week range is $133.34 per share, with $158.25 as the 52 week high point — that compares with a last trade of $156.73. Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco S&P 500— Equal Weight ETF (Symbol: RSP) where we have detected an approximate $686.5 million dollar inflow -- that's a 1.5% increase week over week in outstanding units (from 292,620,000 to 296,980,000). For a complete list of holdings, visit the RSP Holdings page » The chart below shows the one year price performance of RSP, versus its 200 day moving average: Looking at the chart above, RSP's low point in its 52 week range is $133.34 per share, with $158.25 as the 52 week high point — that compares with a last trade of $156.73. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco S&P 500— Equal Weight ETF (Symbol: RSP) where we have detected an approximate $686.5 million dollar inflow -- that's a 1.5% increase week over week in outstanding units (from 292,620,000 to 296,980,000). Among the largest underlying components of RSP, in trading today Allstate Corp (Symbol: ALL) is up about 0.4%, Expedia Group Inc (Symbol: EXPE) is off about 0.6%, and Gartner Inc (Symbol: IT) is lower by about 0.1%. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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4634b5f7-2ba8-4b2b-88bf-5774d46ee141
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713278.0
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2023-12-12 00:00:00 UTC
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Fifth Third (FITB) Rides on Organic Growth Amid Cost Woes
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DCOMP
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https://www.nasdaq.com/articles/fifth-third-fitb-rides-on-organic-growth-amid-cost-woes-0
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nan
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nan
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Fifth Third Bancorp FITB is well poised to benefit from diversified revenue sources. This, along with rising deposits and loan base, is likely to keep supporting balance-sheet strength. However, a rise in non-interest expenses is expected to hamper bottom-line growth to some extent. Also, significant exposure to commercial loans remains a concern.
What’s Aiding It?
The company has expanded its fee-income base over the years on strategic acquisitions. FITB acquired Big Data LLC in May this year, enhancing its digital payments and managed services offerings. In the same month, it also acquired an embedded payment platform, Rize Money. The acquisition of Dividend Finance in 2022 and several past deals will continue to drive revenue growth in the upcoming period. We estimate non-interest income to rise 3.6% in 2023.
FITB continues to focus on core deposit growth in its retail and commercial franchises on the back of branch expansions and digital initiatives. Its strong deposit base, along with solid loan growth over the years, has provided balance sheet strength.
The company is well-positioned to continue its organic growth, aided by a strong loan pipeline and new commitments. We estimate both total deposit balances and net portfolio loans and leases to increase 4.7% and 3.7%, respectively, this year.
Fifth Third maintains a strong balance sheet. As of Sep 30, 2023, the company had a total debt (comprising of long-term debt and other short-term borrowings) of $20.9 billion. Further, total liquidity was $103 billion as of the same date. Therefore, with a strong liquidity position and manageable debt, we believe Fifth Third will be able to meet its debt obligations in the near term, even if the economic situation worsens.
Further, analysts are optimistic about the stock’s earnings prospects. The Zacks Consensus Estimate for FITB's current-year earnings has been revised 4% upward over the last 60 days. The company currently carries a Zacks Rank #3 (Hold).
In the past three months, shares of FITB have gained 29.5% compared with the industry's 11.7% rise.
Image Source: Zacks Investment Research
What’s Hurting It?
Though the company's expenses declined in 2022, the metric saw a five-year compound annual growth rate of 4.5% in 2022. The rising trend continued in the first nine months of 2023. Expenses are likely to escalate in the near term due to higher compensation and benefits expenses, branch digitization initiatives, marketing expenses and its ongoing strategic investments in several areas, including technology. We project total non-interest expenses to increase 4.7% in 2023.
Fifth Third's loan portfolio comprises high exposure to commercial loans (62.5% of total loans and leases as of Sep 30, 2023). The current rapidly changing macroeconomic backdrop may put some strain on commercial lending. In addition, the asset quality of these credit categories may deteriorate in case of any economic downturn. If the economic situation deteriorates, the company's financial position will likely be adversely affected by a lack of diversification in its loan portfolio.
Bank Stocks Worth a Look
A couple of better-ranked stocks from the banking space are Byline Bancorp BY and Merchants Bancorp MBIN.
The Zacks Consensus Estimate for Byline Bancorp’s current-year earnings has been revised 1.4% upward over the past 30 days. Its shares have gained 18.4% in the past three months. Currently, BY carries a Zacks Rank #2 (Buy).
Merchants Bancorp currently sports a Zacks Rank #1 (Strong Buy). Its earnings estimates for 2023 have been revised 10.9% upward over the past 60 days. In the past three months, MBIN shares have rallied 42.8%. You can see the complete list of today’s Zacks #1 Rank 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
Fifth Third Bancorp (FITB) : Free Stock Analysis Report
Merchants Bancorp (MBIN) : Free Stock Analysis Report
Byline Bancorp, Inc. (BY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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FITB acquired Big Data LLC in May this year, enhancing its digital payments and managed services offerings. FITB continues to focus on core deposit growth in its retail and commercial franchises on the back of branch expansions and digital initiatives. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Fifth Third's loan portfolio comprises high exposure to commercial loans (62.5% of total loans and leases as of Sep 30, 2023). The Zacks Consensus Estimate for Byline Bancorp’s current-year earnings has been revised 1.4% upward over the past 30 days. Click to get this free report Fifth Third Bancorp (FITB) : Free Stock Analysis Report Merchants Bancorp (MBIN) : Free Stock Analysis Report Byline Bancorp, Inc. (BY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Fifth Third's loan portfolio comprises high exposure to commercial loans (62.5% of total loans and leases as of Sep 30, 2023). 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 Fifth Third Bancorp (FITB) : Free Stock Analysis Report Merchants Bancorp (MBIN) : Free Stock Analysis Report Byline Bancorp, Inc. (BY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The rising trend continued in the first nine months of 2023. Fifth Third's loan portfolio comprises high exposure to commercial loans (62.5% of total loans and leases as of Sep 30, 2023). Its earnings estimates for 2023 have been revised 10.9% upward over the past 60 days.
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05df9fea-734b-42b4-8451-408933db9f35
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713279.0
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2023-12-12 00:00:00 UTC
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Why Nu Holdings Ltd. (NU) Might be Well Poised for a Surge
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DCOMP
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https://www.nasdaq.com/articles/why-nu-holdings-ltd.-nu-might-be-well-poised-for-a-surge
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nan
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nan
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Nu Holdings Ltd. (NU) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving.
Analysts' growing optimism on the earnings prospects of this company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Our stock rating tool -- the Zacks Rank -- is principally built on this insight.
The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008.
Consensus earnings estimates for the next quarter and full year have moved considerably higher for Nu Holdings Ltd. As there has been strong agreement among the covering analysts in raising estimates.
Current-Quarter Estimate Revisions
The company is expected to earn $0.08 per share for the current quarter, which represents a year-over-year change of +166.67%.
Over the last 30 days, one estimate has moved higher for Nu Holdings Ltd. compared to no negative revisions. As a result, the Zacks Consensus Estimate has increased 9.52%.
Current-Year Estimate Revisions
For the full year, the earnings estimate of $0.22 per share represents a change of +450% from the year-ago number.
The revisions trend for the current year also appears quite promising for Nu Holdings Ltd. with two estimates moving higher over the past month compared to no negative revisions. The consensus estimate has also received a boost over this time frame, increasing 6.02%.
Favorable Zacks Rank
Thanks to promising estimate revisions, Nu Holdings Ltd. currently carries a Zacks Rank #2 (Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500.
Bottom Line
While strong estimate revisions for Nu Holdings Ltd. have attracted decent investments and pushed the stock 7.5% higher over the past four weeks, further upside may still be left in the stock. So, you may consider adding it to your portfolio right away.
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
Nu Holdings Ltd. (NU) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Current-Quarter Estimate Revisions The company is expected to earn $0.08 per share for the current quarter, which represents a year-over-year change of +166.67%. The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision.
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The revisions trend for the current year also appears quite promising for Nu Holdings Ltd. with two estimates moving higher over the past month compared to no negative revisions. Favorable Zacks Rank Thanks to promising estimate revisions, Nu Holdings Ltd. currently carries a Zacks Rank #2 (Buy). Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500.
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The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008. Favorable Zacks Rank Thanks to promising estimate revisions, Nu Holdings Ltd. currently carries a Zacks Rank #2 (Buy). Bottom Line While strong estimate revisions for Nu Holdings Ltd. have attracted decent investments and pushed the stock 7.5% higher over the past four weeks, further upside may still be left in the stock.
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Nu Holdings Ltd. (NU) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. Consensus earnings estimates for the next quarter and full year have moved considerably higher for Nu Holdings Ltd. As there has been strong agreement among the covering analysts in raising estimates. Favorable Zacks Rank Thanks to promising estimate revisions, Nu Holdings Ltd. currently carries a Zacks Rank #2 (Buy).
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23a90e94-0034-40de-a1ab-cb1c8e71d891
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713280.0
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2023-12-12 00:00:00 UTC
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Can United Bancorporation of Alabama, Inc. (UBAB) Run Higher on Rising Earnings Estimates?
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DCOMP
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https://www.nasdaq.com/articles/can-united-bancorporation-of-alabama-inc.-ubab-run-higher-on-rising-earnings-estimates
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nan
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nan
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United Bancorporation of Alabama, Inc. (UBAB) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving.
Analysts' growing optimism on the earnings prospects of this company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Our stock rating tool -- the Zacks Rank -- is principally built on this insight.
The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008.
Consensus earnings estimates for the next quarter and full year have moved considerably higher for United Bancorporation of Alabama, Inc. As there has been strong agreement among the covering analysts in raising estimates.
Current-Quarter Estimate Revisions
The company is expected to earn $1.86 per share for the current quarter, which represents a year-over-year change of +30.07%.
Over the last 30 days, one estimate has moved higher for United Bancorporation of Alabama, Inc. compared to no negative revisions. As a result, the Zacks Consensus Estimate has increased 8.14%.
Current-Year Estimate Revisions
For the full year, the earnings estimate of $7.74 per share represents a change of +51.47% from the year-ago number.
The revisions trend for the current year also appears quite promising for United Bancorporation of Alabama, Inc. with one estimate moving higher over the past month compared to no negative revisions. The consensus estimate has also received a boost over this time frame, increasing 5.45%.
Favorable Zacks Rank
Thanks to promising estimate revisions, United Bancorporation of Alabama, Inc. currently carries a Zacks Rank #1 (Strong Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500.
Bottom Line
While strong estimate revisions for United Bancorporation of Alabama, Inc. have attracted decent investments and pushed the stock 5.4% higher over the past four weeks, further upside may still be left in the stock. So, you may consider adding it to your portfolio right away.
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
United Bancorporation of Alabama, Inc. (UBAB) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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United Bancorporation of Alabama, Inc. (UBAB) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision.
|
The revisions trend for the current year also appears quite promising for United Bancorporation of Alabama, Inc. with one estimate moving higher over the past month compared to no negative revisions. Favorable Zacks Rank Thanks to promising estimate revisions, United Bancorporation of Alabama, Inc. currently carries a Zacks Rank #1 (Strong Buy). Click to get this free report United Bancorporation of Alabama, Inc. (UBAB) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008. Favorable Zacks Rank Thanks to promising estimate revisions, United Bancorporation of Alabama, Inc. currently carries a Zacks Rank #1 (Strong Buy). Bottom Line While strong estimate revisions for United Bancorporation of Alabama, Inc. have attracted decent investments and pushed the stock 5.4% higher over the past four weeks, further upside may still be left in the stock.
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United Bancorporation of Alabama, Inc. (UBAB) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. Consensus earnings estimates for the next quarter and full year have moved considerably higher for United Bancorporation of Alabama, Inc. As there has been strong agreement among the covering analysts in raising estimates. Favorable Zacks Rank Thanks to promising estimate revisions, United Bancorporation of Alabama, Inc. currently carries a Zacks Rank #1 (Strong Buy).
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58d9ba5d-152d-4b96-a2e9-2669adbc6c89
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713281.0
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2023-12-12 00:00:00 UTC
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Spirit Realty Capital Inc Shares Climb 0.3% Past Previous 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/spirit-realty-capital-inc-shares-climb-0.3-past-previous-52-week-high-market-mover
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nan
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nan
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Spirit Realty Capital Inc (SRC) shares closed 0.3% higher than its previous 52 week high, giving the company a market cap of $5B. The stock is currently up 10.4% year-to-date, up 8.0% over the past 12 months, and up 50.8% over the past five years. This week, the Dow Jones Industrial Average rose 1.2%, and the S&P 500 rose 1.6%.
Trading Activity
Trading volume this week was 48.8% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.9.
Technical Indicators
The Relative Strength Index (RSI) on the stock was between 30 and 70.
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 , lags it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis
The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date lags the peer average by -20.9%
The company's stock price performance over the past 12 months beats the peer average by 160.5%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 4.3% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Spirit Realty Capital Inc (SRC) shares closed 0.3% higher than its previous 52 week high, giving the company a market cap of $5B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.9. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -20.9% The company's stock price performance over the past 12 months beats the peer average by 160.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 4.3% higher than the average peer.
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Spirit Realty Capital Inc (SRC) shares closed 0.3% higher than its previous 52 week high, giving the company a market cap of $5B. This week, the Dow Jones Industrial Average rose 1.2%, and the S&P 500 rose 1.6%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -20.9% The company's stock price performance over the past 12 months beats the peer average by 160.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 4.3% higher than the average peer.
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Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -20.9% The company's stock price performance over the past 12 months beats the peer average by 160.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 4.3% higher than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This week, the Dow Jones Industrial Average rose 1.2%, and the S&P 500 rose 1.6%. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -20.9% The company's stock price performance over the past 12 months beats the peer average by 160.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 4.3% higher than the average peer.
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34b29aa1-aca9-4fee-9b0d-7ea284f320d0
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713282.0
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2023-12-12 00:00:00 UTC
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Capital Southwest (CSWC) is a Great Momentum Stock: Should You Buy?
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DCOMP
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https://www.nasdaq.com/articles/capital-southwest-cswc-is-a-great-momentum-stock%3A-should-you-buy
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nan
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nan
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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 Capital Southwest (CSWC), 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. Capital Southwest 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 CSWC that show why this business development company shows promise as a solid momentum pick.
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 CSWC, shares are up 1.94% over the past week while the Zacks Financial - Investment Management industry is up 1.16% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 6.37% compares favorably with the industry's 6.9% performance as well.
Considering longer term price metrics, like performance over the last three months or year, can be advantageous as well. Shares of Capital Southwest have increased 5.41% over the past quarter, and have gained 34.52% in the last year. In comparison, the S&P 500 has only moved 5.17% and 19.94%, respectively.
Investors should also take note of CSWC'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, CSWC is averaging 307,466 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 CSWC.
Over the past two months, 5 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost CSWC's consensus estimate, increasing from $2.60 to $2.67 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
Given these factors, it shouldn't be surprising that CSWC is a #2 (Buy) stock and boasts a Momentum Score of B. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep Capital Southwest on your short list.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Capital Southwest Corporation (CSWC) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It'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. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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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. Over the past two months, 5 earnings estimates moved higher compared to none lower for the full year.
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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.
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Below, we take a look at Capital Southwest (CSWC), which currently has a Momentum Style Score of B. Capital Southwest currently has a Zacks Rank of #2 (Buy). Over the past two months, 5 earnings estimates moved higher compared to none lower for the full year.
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2647d8eb-10c0-408d-8057-99b8ef0b18ac
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713283.0
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2023-12-12 00:00:00 UTC
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Bank Of New York Mellon Corp Shares Climb 0.3% Past Previous 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/bank-of-new-york-mellon-corp-shares-climb-0.3-past-previous-52-week-high-market-mover
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nan
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nan
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Bank Of New York Mellon Corp (BK) shares closed 0.3% higher than its previous 52 week high, giving the company a market cap of $38B. The stock is currently up 13.6% year-to-date, up 15.3% over the past 12 months, and up 20.7% over the past five years. This week, the Dow Jones Industrial Average rose 1.2%, and the S&P 500 rose 1.6%.
Trading Activity
Trading volume this week was 27.2% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.0.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis
The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 38.9%
The company's stock price performance over the past 12 months beats the peer average by 98.5%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 6.8% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Bank Of New York Mellon Corp (BK) shares closed 0.3% higher than its previous 52 week high, giving the company a market cap of $38B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.0. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 38.9% The company's stock price performance over the past 12 months beats the peer average by 98.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 6.8% higher than the average peer.
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Bank Of New York Mellon Corp (BK) shares closed 0.3% higher than its previous 52 week high, giving the company a market cap of $38B. This week, the Dow Jones Industrial Average rose 1.2%, and the S&P 500 rose 1.6%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 38.9% The company's stock price performance over the past 12 months beats the peer average by 98.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 6.8% higher than the average peer.
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Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 38.9% The company's stock price performance over the past 12 months beats the peer average by 98.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 6.8% higher than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This week, the Dow Jones Industrial Average rose 1.2%, and the S&P 500 rose 1.6%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 38.9% The company's stock price performance over the past 12 months beats the peer average by 98.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 6.8% higher than the average peer.
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d4dcb457-d3f6-4101-b7de-62e7dba00291
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713284.0
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2023-12-12 00:00:00 UTC
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Why This 1 Growth Stock Could Be a Great Addition to Your Portfolio
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DCOMP
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https://www.nasdaq.com/articles/why-this-1-growth-stock-could-be-a-great-addition-to-your-portfolio-291
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nan
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nan
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For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth Score
Growth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Starbucks (SBUX)
Founded in 1985 and based in Seattle, WA, Starbucks Corporation is the leading roaster and retailer of specialty coffee globally. In addition to fresh, rich-brewed coffees, Starbucks’ offerings include many complimentary food items and a selection of premium teas and other beverages, sold mainly through the company’s retail stores. The company’s popular brands include Starbucks coffee, Teavana tea, Seattle's Best Coffee, La Boulange bakery products and Evolution Fresh juices.
SBUX is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Additionally, the company could be a top pick for growth investors. SBUX has a Growth Style Score of B, forecasting year-over-year earnings growth of 17% for the current fiscal year.
12 analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.08 to $4.14 per share. SBUX boasts an average earnings surprise of 6.9%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, SBUX should be on investors' short list.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Starbucks Corporation (SBUX) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum. #1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. In addition to fresh, rich-brewed coffees, Starbucks’ offerings include many complimentary food items and a selection of premium teas and other beverages, sold mainly through the company’s retail stores.
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Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. SBUX is a #3 (Hold) on the Zacks Rank, with a VGM Score of B. Additionally, the company could be a top pick for growth investors. Click to get this free report Starbucks Corporation (SBUX) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days. How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
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What are the Zacks Style Scores? SBUX is a #3 (Hold) on the Zacks Rank, with a VGM Score of B. Additionally, the company could be a top pick for growth investors. SBUX has a Growth Style Score of B, forecasting year-over-year earnings growth of 17% for the current fiscal year.
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1d34ffba-ed6a-4e76-8f59-1b6dbf8f3330
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713285.0
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2023-12-12 00:00:00 UTC
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Skyworks Solutions (SWKS) Stock Sinks As Market Gains: What You Should Know
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DCOMP
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https://www.nasdaq.com/articles/skyworks-solutions-swks-stock-sinks-as-market-gains%3A-what-you-should-know-6
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nan
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nan
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In the latest trading session, Skyworks Solutions (SWKS) closed at $106.67, marking a -0.02% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.46%. Elsewhere, the Dow gained 0.48%, while the tech-heavy Nasdaq added 0.7%.
Shares of the chipmaker have appreciated by 20% over the course of the past month, outperforming the Computer and Technology sector's gain of 4.16% and the S&P 500's gain of 4.85%.
Investors will be eagerly watching for the performance of Skyworks Solutions in its upcoming earnings disclosure. On that day, Skyworks Solutions is projected to report earnings of $1.95 per share, which would represent a year-over-year decline of 24.71%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.2 billion, down 9.44% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $7.02 per share and revenue of $4.46 billion, which would represent changes of -17.61% and -6.61%, respectively, from the prior year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Skyworks Solutions. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, 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. Within the past 30 days, our consensus EPS projection has moved 3.3% lower. Skyworks Solutions presently features a Zacks Rank of #5 (Strong Sell).
Looking at valuation, Skyworks Solutions is presently trading at a Forward P/E ratio of 15.19. This indicates no noticeable deviation in contrast to its industry's Forward P/E of 15.19.
Meanwhile, SWKS's PEG ratio is currently 1.01. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Semiconductors - Radio Frequency was holding an average PEG ratio of 1.45 at yesterday's closing price.
The Semiconductors - Radio Frequency industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 216, putting it in the bottom 15% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
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
Skyworks Solutions, Inc. (SWKS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In the latest trading session, Skyworks Solutions (SWKS) closed at $106.67, marking a -0.02% move from the previous day. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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For the full year, the Zacks Consensus Estimates are projecting earnings of $7.02 per share and revenue of $4.46 billion, which would represent changes of -17.61% and -6.61%, respectively, from the prior year. The Semiconductors - Radio Frequency was holding an average PEG ratio of 1.45 at yesterday's closing price. Click to get this free report Skyworks Solutions, Inc. (SWKS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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For the full year, the Zacks Consensus Estimates are projecting earnings of $7.02 per share and revenue of $4.46 billion, which would represent changes of -17.61% and -6.61%, respectively, from the prior year. 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. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups.
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On that day, Skyworks Solutions is projected to report earnings of $1.95 per share, which would represent a year-over-year decline of 24.71%. Looking at valuation, Skyworks Solutions is presently trading at a Forward P/E ratio of 15.19. The Semiconductors - Radio Frequency was holding an average PEG ratio of 1.45 at yesterday's closing price.
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a2ee7a75-e1ef-4b70-9d43-f855c1b7df57
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713286.0
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2023-12-12 00:00:00 UTC
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NXP Semiconductors (NXPI) Stock Declines While Market Improves: Some Information for Investors
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DCOMP
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https://www.nasdaq.com/articles/nxp-semiconductors-nxpi-stock-declines-while-market-improves%3A-some-information-for
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nan
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nan
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NXP Semiconductors (NXPI) closed at $219.13 in the latest trading session, marking a -0.64% move from the prior day. The stock trailed the S&P 500, which registered a 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%.
The chipmaker's shares have seen an increase of 19.32% over the last month, surpassing the Computer and Technology sector's gain of 4.16% and the S&P 500's gain of 4.85%.
The upcoming earnings release of NXP Semiconductors will be of great interest to investors. The company is forecasted to report an EPS of $3.64, showcasing a 2.41% downward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $3.4 billion, showing a 2.52% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $13.95 per share and a revenue of $13.25 billion, demonstrating changes of -11.26% and +0.34%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for NXP Semiconductors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.4% higher. NXP Semiconductors presently features a Zacks Rank of #3 (Hold).
In the context of valuation, NXP Semiconductors is at present trading with a Forward P/E ratio of 15.81. This signifies a discount in comparison to the average Forward P/E of 26.99 for its industry.
Also, we should mention that NXPI has a PEG ratio of 0.95. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Semiconductor - Analog and Mixed stocks are, on average, holding a PEG ratio of 3.84 based on yesterday's closing prices.
The Semiconductor - Analog and Mixed industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 208, finds itself in the bottom 18% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
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
NXP Semiconductors N.V. (NXPI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Simultaneously, our latest consensus estimate expects the revenue to be $3.4 billion, showing a 2.52% escalation compared to the year-ago quarter. Semiconductor - Analog and Mixed stocks are, on average, holding a PEG ratio of 3.84 based on yesterday's closing prices. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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NXP Semiconductors (NXPI) closed at $219.13 in the latest trading session, marking a -0.64% move from the prior day. For the full year, the Zacks Consensus Estimates project earnings of $13.95 per share and a revenue of $13.25 billion, demonstrating changes of -11.26% and +0.34%, respectively, from the preceding year. Click to get this free report NXP Semiconductors N.V. (NXPI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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For the full year, the Zacks Consensus Estimates project earnings of $13.95 per share and a revenue of $13.25 billion, demonstrating changes of -11.26% and +0.34%, respectively, from the preceding year. 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. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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NXP Semiconductors (NXPI) closed at $219.13 in the latest trading session, marking a -0.64% move from the prior day. For the full year, the Zacks Consensus Estimates project earnings of $13.95 per share and a revenue of $13.25 billion, demonstrating changes of -11.26% and +0.34%, respectively, from the preceding year. Semiconductor - Analog and Mixed stocks are, on average, holding a PEG ratio of 3.84 based on yesterday's closing prices.
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ec8323c5-aded-4ba3-9a9d-6f6004081fd0
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713287.0
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2023-12-12 00:00:00 UTC
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Mobileye Global (MBLY) Stock Declines While Market Improves: Some Information for Investors
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DCOMP
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https://www.nasdaq.com/articles/mobileye-global-mbly-stock-declines-while-market-improves%3A-some-information-for-investors
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nan
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nan
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In the latest trading session, Mobileye Global (MBLY) closed at $40.35, marking a -1.75% move from the previous day. 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%.
Shares of the maker of driver-assistance systems and autonomous driving technologies witnessed a gain of 7.04% over the previous month, trailing the performance of the Auto-Tires-Trucks sector with its gain of 8.55% and outperforming the S&P 500's gain of 4.85%.
The investment community will be paying close attention to the earnings performance of Mobileye Global in its upcoming release. The company's upcoming EPS is projected at $0.23, signifying a 14.81% drop compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $633.88 million, showing a 12.19% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.77 per share and revenue of $2.08 billion, which would represent changes of -2.53% and +11.07%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Mobileye Global. 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.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. At present, Mobileye Global boasts a Zacks Rank of #2 (Buy).
With respect to valuation, Mobileye Global is currently being traded at a Forward P/E ratio of 53.57. This denotes a premium relative to the industry's average Forward P/E of 13.32.
We can also see that MBLY currently has a PEG ratio of 3.05. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Automotive - Original Equipment industry held an average PEG ratio of 0.64.
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This industry, currently bearing a Zacks Industry Rank of 163, finds itself in the bottom 36% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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
Mobileye Global Inc. (MBLY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Simultaneously, our latest consensus estimate expects the revenue to be $633.88 million, showing a 12.19% escalation compared to the year-ago quarter. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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In the latest trading session, Mobileye Global (MBLY) closed at $40.35, marking a -1.75% move from the previous day. As of the close of trade yesterday, the Automotive - Original Equipment industry held an average PEG ratio of 0.64. Click to get this free report Mobileye Global Inc. (MBLY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. This industry, currently bearing a Zacks Industry Rank of 163, finds itself in the bottom 36% echelons of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups.
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In the latest trading session, Mobileye Global (MBLY) closed at $40.35, marking a -1.75% move from the previous day. Investors might also notice recent changes to analyst estimates for Mobileye Global. As of the close of trade yesterday, the Automotive - Original Equipment industry held an average PEG ratio of 0.64.
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2d6be53e-a61e-4f80-b7f2-4f16eec5c1be
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713288.0
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2023-12-12 00:00:00 UTC
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Cummins (CMI) Stock Sinks As Market Gains: What You Should Know
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DCOMP
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https://www.nasdaq.com/articles/cummins-cmi-stock-sinks-as-market-gains%3A-what-you-should-know-4
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nan
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nan
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In the latest trading session, Cummins (CMI) closed at $234.67, marking a -0.28% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.46%. Elsewhere, the Dow gained 0.48%, while the tech-heavy Nasdaq added 0.7%.
Shares of the engine maker have appreciated by 8.23% over the course of the past month, underperforming the Auto-Tires-Trucks sector's gain of 8.55% and outperforming the S&P 500's gain of 4.85%.
Investors will be eagerly watching for the performance of Cummins in its upcoming earnings disclosure. On that day, Cummins is projected to report earnings of $4.40 per share, which would represent a year-over-year decline of 2.65%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $8.07 billion, up 3.89% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $19.68 per share and revenue of $33.59 billion, which would represent changes of +30.16% and +19.66%, respectively, from the prior year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Cummins. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, 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. Within the past 30 days, our consensus EPS projection has moved 0.07% higher. Cummins presently features a Zacks Rank of #3 (Hold).
Looking at valuation, Cummins is presently trading at a Forward P/E ratio of 11.96. This indicates no noticeable deviation in contrast to its industry's Forward P/E of 11.96.
Meanwhile, CMI's PEG ratio is currently 1.25. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Automotive - Internal Combustion Engines was holding an average PEG ratio of 1.25 at yesterday's closing price.
The Automotive - Internal Combustion Engines industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 90, putting it in the top 36% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
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
Cummins Inc. (CMI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. The Automotive - Internal Combustion Engines was holding an average PEG ratio of 1.25 at yesterday's closing price. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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For the full year, the Zacks Consensus Estimates are projecting earnings of $19.68 per share and revenue of $33.59 billion, which would represent changes of +30.16% and +19.66%, respectively, from the prior year. The Automotive - Internal Combustion Engines was holding an average PEG ratio of 1.25 at yesterday's closing price. Click to get this free report Cummins Inc. (CMI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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For the full year, the Zacks Consensus Estimates are projecting earnings of $19.68 per share and revenue of $33.59 billion, which would represent changes of +30.16% and +19.66%, respectively, from the prior year. 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. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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On that day, Cummins is projected to report earnings of $4.40 per share, which would represent a year-over-year decline of 2.65%. This group has a Zacks Industry Rank of 90, putting it in the top 36% of all 250+ industries. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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51636550-33b0-49c7-bd05-7142ff4372e4
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713289.0
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2023-12-12 00:00:00 UTC
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Top Stock Picks for Week of December 11, 2023
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DCOMP
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https://www.nasdaq.com/articles/top-stock-picks-for-week-of-december-11-2023
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nan
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nan
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Vertiv Holdings Co (VRT) provides digital infrastructure and continuity solutions.Vertiv operates in the background of the modern tech-driven economy, providing critical digital infrastructure and continuity solutions across data centers, communication networks, and beyond. Vertiv’s surging earnings outlook for FY23, FY24, and FY25 EPS helps it earn a Zacks Rank #1 (Strong Buy). Zacks estimates call for VRT’s revenue to climb 21% this year and 9% higher in 2024. On the bottom line, its adjusted earnings are projected to soar by 228% and 27%, respectively. VRT found support at its 21-day moving average recently and it still trades 9% under its average Zacks price target. Vertiv Holdings Co. has also earned a Growth Score of A based on a number of factors along with a Zacks Rank #1. This combination positions Vertiv Holdings Co. well for outperformance, so growth investors may also want to consider it.
Pactiv Evergreen Inc. (PTVE) provides food packaging solutions.A dash of recent price momentum reflects growing interest of investors in a stock. With a four-week price change of 44.2%, the stock of this company is certainly well-positioned in this regard. While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. PTVE meets this criterion too, as the stock gained 37.6% over the past 12 weeks. Moreover, the momentum for PTVE is fast paced, as the stock currently has a beta of 1.3. This indicates that the stock moves 30% higher than the market in either direction. Most importantly, despite possessing fast-paced momentum features, PTVE is trading at a reasonable valuation. In terms of Price-to-Sales ratio, which is considered as one of the best valuation metrics, the stock looks quite cheap now.
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.
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Vertiv Holdings Co. (VRT) : Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Pactiv Evergreen Inc. (PTVE) provides food packaging solutions.A dash of recent price momentum reflects growing interest of investors in a stock. While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Vertiv Holdings Co (VRT) provides digital infrastructure and continuity solutions.Vertiv operates in the background of the modern tech-driven economy, providing critical digital infrastructure and continuity solutions across data centers, communication networks, and beyond. VRT found support at its 21-day moving average recently and it still trades 9% under its average Zacks price target. Click to get this free report Vertiv Holdings Co. (VRT) : Free Stock Analysis Report Pactiv Evergreen Inc. (PTVE) : Free Stock Analysis Report To read this article on Zacks.com click here.
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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. 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 Vertiv Holdings Co. (VRT) : Free Stock Analysis Report Pactiv Evergreen Inc. (PTVE) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Vertiv Holdings Co. has also earned a Growth Score of A based on a number of factors along with a Zacks Rank #1. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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2023-12-12 00:00:00 UTC
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Pre-Christmas Stock Picks: 3 Growth Stocks Analysts Are Gushing Over
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https://www.nasdaq.com/articles/pre-christmas-stock-picks%3A-3-growth-stocks-analysts-are-gushing-over
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Retail sales in the United Statesrecently exceeded forecasts, bolstered by strong manufacturing and robust consumer demand amid this ongoingeconomic recovery. The Federal Reserve Bank of Atlanta projects the strongest GDP growth since late 2021, indicating economic resilience. This is paving the way for several growth stocks.
While the Fed’s stance may remain unchanged in November, the economy’s durability suggests ongoing efforts to cool and restore price stability. This economic backdrop creates an opportune moment for investing in Christmas stocks with high growth potential.
Approaching the 2023 holiday season, investors are eyeing stocks with profit potential. Notably, companies in the video game and console sector are poised for gains due to increased demand for gift ideas. Consider these stocks before prices surge.
Growth Stocks Analysts Are Gushing Over: Realty Income (O)
Source: Shutterstock
Realty Income (NYSE:O) achieved a 5.59% yield, showcasing strategic investment with $2 billion in acquisitions. International business contributed $1.4 billion, yielding 6.9% in Q3 2023. Various transaction types, including sale-leaseback deals, demonstrate the company’s flexibility and unique approach in less conventional investments. Realty Income’s competitive advantage lies in identifying and executing transactions uncommon among net lease companies.
If optimistic about impending interest rate decreases, Realty Income emerges as a top S&P 500 stock. Despite previous declines due to rising rates, O stock now boasts an excellent forward annual dividend yield, making it an attractive choice. Though funds from operations may see modest growth, an anticipated accretive REIT merger and potential interest rate drops in 2024 could lead to a favorable market re-rating for O stock.
Moreover, Realty Income solidifies its strategic positioning through the recent acquisition of Spirit Realty Capital, expanding its property portfolio.
Nvidia (NVDA)
Source: Poetra.RH / Shutterstock.com
Nvidia (NASDAQ:NVDA) has emerged as a standout in long-term AI stocks, leading in AI chip technology. Robust growth is indicated by a successful revenue forecast, with strategic collaborations, like the alliance with Amazon Web Services, showcasing its pivotal role in AI and cloud computing convergence. Ongoing innovation, exemplified by recent chip releases, underlines Nvidia’s commitment to advancing AI technology.
Nvidia, a front-runner in the AI race, has seen a stellar 226% year-to-date stock increase, exceeding earnings forecasts with $4.02 per share and a 1,259% surge in net income to $9.24 billion reported in its latest quarter. Driven by robust data center and gaming divisions, its impressive revenue of $18.21 billion showcases consistent growth. The success is attributed to its A100 and H100 chips, essential for AI training. Positioned for continued growth, Nvidia promises significant benefits for the company and shareholders.
NVDA landed on the list due to its impact on the crypto market, notably with GPUs in mining rigs. Despite concerns about valuation, forward expectations suggest potential for continued gains, making it a compelling growth stock.
T-Mobile US (TMUS)
Source: Shutterstock
T-Mobile (NASDAQ:TMUS), despite being last on the market crash stocks list, stands out as a potential buy. Wall Street projects a remarkable 67% annual earnings growth for the next five years, surpassing competitors AT&T (NYSE:T) and Verizon (NYSE:VZ). T-Mobile recently became the largest prepaid carrier, outpacing Verizon in the third quarter with 21.6 million customers. The pending acquisitions of Mint Mobile and Ultra Mobile may further strengthen its position.
As the third-largest U.S. wireless carrier, the company significantly expanded its customer base, targeting 8 million new customers by 2025. Leading in 5G deployment, the company initiated a $14 billion share repurchase program and introduced its first dividend, garnering positive shareholder response. In Q3, T-Mobile exhibited robust financials, generating $4 billion in free cash flow, a 50% year-over-year increase, attributed to reduced expenditures and increased cash flow from operations. Net income rose to $2.1 billion, reinforcing the company’s financial strength. If you buy any of the growth stocks we have mentioned, start here.
On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Chris MacDonald’s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective.
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The post Pre-Christmas Stock Picks: 3 Growth Stocks Analysts Are Gushing Over appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Though funds from operations may see modest growth, an anticipated accretive REIT merger and potential interest rate drops in 2024 could lead to a favorable market re-rating for O stock. Robust growth is indicated by a successful revenue forecast, with strategic collaborations, like the alliance with Amazon Web Services, showcasing its pivotal role in AI and cloud computing convergence. Nvidia, a front-runner in the AI race, has seen a stellar 226% year-to-date stock increase, exceeding earnings forecasts with $4.02 per share and a 1,259% surge in net income to $9.24 billion reported in its latest quarter.
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Growth Stocks Analysts Are Gushing Over: Realty Income (O) Source: Shutterstock Realty Income (NYSE:O) achieved a 5.59% yield, showcasing strategic investment with $2 billion in acquisitions. Nvidia (NVDA) Source: Poetra.RH / Shutterstock.com Nvidia (NASDAQ:NVDA) has emerged as a standout in long-term AI stocks, leading in AI chip technology. Nvidia, a front-runner in the AI race, has seen a stellar 226% year-to-date stock increase, exceeding earnings forecasts with $4.02 per share and a 1,259% surge in net income to $9.24 billion reported in its latest quarter.
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Growth Stocks Analysts Are Gushing Over: Realty Income (O) Source: Shutterstock Realty Income (NYSE:O) achieved a 5.59% yield, showcasing strategic investment with $2 billion in acquisitions. Nvidia (NVDA) Source: Poetra.RH / Shutterstock.com Nvidia (NASDAQ:NVDA) has emerged as a standout in long-term AI stocks, leading in AI chip technology. The #1 AI Investment Might Be This Company You’ve Never Heard Of The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post Pre-Christmas Stock Picks: 3 Growth Stocks Analysts Are Gushing Over appeared first on InvestorPlace.
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Growth Stocks Analysts Are Gushing Over: Realty Income (O) Source: Shutterstock Realty Income (NYSE:O) achieved a 5.59% yield, showcasing strategic investment with $2 billion in acquisitions. Nvidia (NVDA) Source: Poetra.RH / Shutterstock.com Nvidia (NASDAQ:NVDA) has emerged as a standout in long-term AI stocks, leading in AI chip technology. Positioned for continued growth, Nvidia promises significant benefits for the company and shareholders.
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2023-12-12 00:00:00 UTC
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3 Undiscovered EV Stocks Revving Up for Success
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https://www.nasdaq.com/articles/3-undiscovered-ev-stocks-revving-up-for-success
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
As EV stocks like Tesla (NASDAQ:TSLA) see sales slip and margins tighten, many bemoan the industry’s current state. While adoption skyrocketed over the past few years, tightened economic conditions mean consumers can’t afford top-of-the-line EV offerings.
But EVs are here to stay despite short-term headwinds. The industry-wide bearish sentiment lends itself to opening positions in little-known EV stocks as they reprice well below their future prospects.
If you want to expand your EV portfolio, look to hidden gem EV stocks that are agnostic to big-name manufacturers. Specifically, companies servicing a range of EV companies stand to benefit from broad trends rather than betting the farm on a moonshot EV stock that may or may not survive the next decade.
Aehr Test Systems (AEHR)
Source: Shutterstock
Aehr Test Systems (NASDAQ:AEHR) is a small-cap semiconductor support stock competing with big names like Nvidia (NASDAQ:NVDA). But AEHR stands apart from the artificial intelligence-focused giants by standing out as a little-known EV stock. Earlier this year, AEHR locked a $25 million order to support EV production from a “leading Fortune 500 supplier of semiconductor devices with a significant customer base in the automotive semiconductor market.”
While the announcement is vague by design, you can likely guess which company AEHR’s press release refers to. As EVs become more reliant on semiconductors, manufacturers of all types and sizes will begin relying on testing and quality control companies like AEHR more frequently.
Since AEHR is a semiconductor support stock, they’re uniquely positioned. No matter who wins the semiconductor race to the top or which EV company dominates the road, AEHR benefits. AEHR is diversified, supporting 5G implementation, self-driving cars and data center infrastructure. This positions Aehr Test Systems as the perfect hidden gem among EV stocks for investors who want to capitalize on multiple emerging tech trends.
LiveWire Group (LVWR)
Source: MaggioPH / Shutterstock.com
LiveWire Group (NYSE:LVWR) is sometimes called the “Tesla of motorcycles.” But attaching EV’s biggest name to the brand hides the value behind this EV stock to buy. The company has struggled since spinning off from Harley-Davidson (NYSE:HOG) last year, but its outlook is rapidly improving.
Recognizing shifting consumer trends, LiveWire tweaked its pricing structure to suit household budgets. The move paid off as sales climbed 15% in the most recent quarter, though it does continue operating at a net loss. Its margin is improving, though, as LiveWire posted a $14.58 million loss last quarter, down substantially from more than $40 million the quarter before.
There are effectively zero competitors within the electric motorcycle space, setting LiveWire apart as a hidden gem EV stock. Considering its financial standing and limited (current) market, it’s still risky, but its sales will likely compound as adoption accelerates.
Magna International (MGA)
Source: JHVEPhoto / Shutterstock.com
Magna International (NYSE:MGA) supplies a range of automotive parts to some of the biggest names in the EV industry, including Tesla and General Motors (NYSE:GM). Like AEHR, this wide market props MGA up to win no matter which EV company dominates the driving market.
MGA’s sales are robust and climbed 10% year-over-year in the most recent report. Likewise, the company is using EV tailwinds to raise 2024 income forecasts. Admittedly, its margins are slim. Despite consistently posting revenue exceeding $10 billion, high costs keep income in the sub-$500 million range. Still, MGA’s sales and stats are steady, making it a reliable EV play to anchor a diversified portfolio.
Likewise, MGA’s stability means the company is positioned to return value to shareholders. That’s a rare trait among EV stocks, considering most prioritize growth at the expense of dividend distributions. MGA’s current yield is 3.45%—not a ton of income, but a great tool for a well-rounded EV portfolio.
On the date of publication, Jeremy Flint held no positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Jeremy Flint, an MBA graduate and skilled finance writer, excels in content strategy for wealth managers and investment funds. Passionate about simplifying complex market concepts, he focuses on fixed-income investing, alternative investments, economic analysis, and the oil, gas, and utilities sectors. Jeremy’s work can also be found at www.jeremyflint.work.
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The post 3 Undiscovered EV Stocks Revving Up for Success appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This positions Aehr Test Systems as the perfect hidden gem among EV stocks for investors who want to capitalize on multiple emerging tech trends. Jeremy Flint, an MBA graduate and skilled finance writer, excels in content strategy for wealth managers and investment funds. The #1 AI Investment Might Be This Company You’ve Never Heard Of The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 Undiscovered EV Stocks Revving Up for Success appeared first on InvestorPlace.
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Aehr Test Systems (AEHR) Source: Shutterstock Aehr Test Systems (NASDAQ:AEHR) is a small-cap semiconductor support stock competing with big names like Nvidia (NASDAQ:NVDA). LiveWire Group (LVWR) Source: MaggioPH / Shutterstock.com LiveWire Group (NYSE:LVWR) is sometimes called the “Tesla of motorcycles.” But attaching EV’s biggest name to the brand hides the value behind this EV stock to buy. Magna International (MGA) Source: JHVEPhoto / Shutterstock.com Magna International (NYSE:MGA) supplies a range of automotive parts to some of the biggest names in the EV industry, including Tesla and General Motors (NYSE:GM).
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips As EV stocks like Tesla (NASDAQ:TSLA) see sales slip and margins tighten, many bemoan the industry’s current state. Specifically, companies servicing a range of EV companies stand to benefit from broad trends rather than betting the farm on a moonshot EV stock that may or may not survive the next decade. Aehr Test Systems (AEHR) Source: Shutterstock Aehr Test Systems (NASDAQ:AEHR) is a small-cap semiconductor support stock competing with big names like Nvidia (NASDAQ:NVDA).
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Since AEHR is a semiconductor support stock, they’re uniquely positioned. No matter who wins the semiconductor race to the top or which EV company dominates the road, AEHR benefits. Its margin is improving, though, as LiveWire posted a $14.58 million loss last quarter, down substantially from more than $40 million the quarter before.
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2023-12-12 00:00:00 UTC
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Lithium Landscapes: 3 Stocks Fueling the Green Energy Transition
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https://www.nasdaq.com/articles/lithium-landscapes%3A-3-stocks-fueling-the-green-energy-transition
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Lithium producers and lithium stocks have been badly hit as Chinese lithium prices plunged an incredible total of about 75% between November 2022 and November 2023. However, in the wake of the tremendous decline of both the mineral’s prices and lithium stocks, multiple firms are starting to be bullish on the sector. For example, research firm Morningstar believes that four major miners are meaningfully “undervalued,” while Fitch Solutions forecasts that “a lithium shortage could hit as early as 2025,” OilPrice reported last month. These businesses are the stocks fueling the green energy transition.
Indeed, Fitch is estimating that China’s “ lithium demand for EVs alone” will surge by a mean total of 20%, while its lithium production will only climb 6% annually during those years. If the actual totals come even close to those estimates, lithium prices will surge tremendously over the long term, taking lithium stocks with them. For those who want to cash in on those gains, here are three top lithium producers to buy.
Albemarle (ALB)
Source: IgorGolovniov/Shutterstock.com
Goldman Sachs recently predicted that the United States-based Albermarle (NYSE:ALB), one of the world’s largest lithium producers, would be among the “top third” of S&P 500 stocks in terms of sales growth in 2025. Specifically, Goldman predicts that ALB’s sales will jump 18% in 2025.
And despite the sliding lithium prices, ALB’s top line still climbed 10.5% last quarter versus the same period a year earlier, driven by higher sales of lithium for use in energy-storage batteries. However, the lithium price declines did take a toll on ALB, as its EBITDA, excluding certain items, slid to $453.3 million from $1.19 billion.
Moreover, the company predicts that its sales volumes i.e. the amount of lithium that it will sell, will jump at a compound annual growth rate of 20%-27% between 2023 and 2027. As a result, even relatively small increases in lithium prices will cause its top and bottom lines to soar over the long term.
Also noteworthy is that the shares have a very low and a very attractive forward price-erarnings ratio of 8.7 times.
Livent (LTHM)
Source: Ralf Liebhold / Shutterstock
Livent’s (NYSE:LTHM) operating income in the first nine months of 2023 came in at a very robust $340 million, and the company had $112 million of cash as of the end of Q3.
Seeking Alpha columnist Victor Dergunov estimates that Livent’s earnings per share could come in at $2 in 2024 and $3 in 2025 when lithium prices zoom higher. So LTHM stock is currently changing hands at just five times Dergunov’s 2025 earnings per share estimate.
For their part, Wall street analysts, on average, expect the company’s 2024 EPS to come in at $1.78. That puts the company’s forward price-earnings ratio at just 8.3 times.
By almost any metric, LTHM stock is extremely cheap at this point if you assume (correctly, in my view) that lithium prices will climb over the longer term as production growth sharply decelerates and EV growth accelerates.
Global X Lithium & Battery Tech ETF (LIT)
Source: GrAl / Shutterstock.com
Over the longer term, the Global X Lithium & Battery Tech ETF (NYSEARca:LIT) should get a big lift from accelerating EV sales globally.
The well-regarded research firm Gartner in September predicted that worldwide electric car sales would climb to 17.85 million in 2024 from nearly 15 million in 2023, while electric van sales would jump more than 50% year-over-year to 350,000.
Moreover, the firm predicted that, by 2027, the prices of EVs would be equal to those of gasoline-powered vehicles. As a result, I believe that the adoption of EVs will surge tremendously by that year.
Of course, battery manufacturers will benefit tremendously from the latter development. As I mentioned earlier, lithium producers will get a big lift from both demand acceleration within the next few years and decelerating supply growth.
Therefore, LIT stock, which features the world’s leading battery and lithium producers, looks like a great, safe pick for long-term investors at this point,.
And with the shares down 33% since early February, I believe that the stock’s valuation is quite favorable for long-term investors.
On the date of publication, Larry Ramer did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Larry Ramer has conducted research and written articles on U.S. stocks for 15 years. He has been employed by The Fly and Israel’s largest business newspaper, Globes. Larry began writing columns for InvestorPlace in 2015. Among his highly successful, contrarian picks have been PLUG, XOM and solar stocks. You can reach him on Stocktwits at @larryramer.
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The post Lithium Landscapes: 3 Stocks Fueling the Green Energy Transition appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For example, research firm Morningstar believes that four major miners are meaningfully “undervalued,” while Fitch Solutions forecasts that “a lithium shortage could hit as early as 2025,” OilPrice reported last month. Therefore, LIT stock, which features the world’s leading battery and lithium producers, looks like a great, safe pick for long-term investors at this point,. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post Lithium Landscapes: 3 Stocks Fueling the Green Energy Transition appeared first on InvestorPlace.
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If the actual totals come even close to those estimates, lithium prices will surge tremendously over the long term, taking lithium stocks with them. By almost any metric, LTHM stock is extremely cheap at this point if you assume (correctly, in my view) that lithium prices will climb over the longer term as production growth sharply decelerates and EV growth accelerates. Global X Lithium & Battery Tech ETF (LIT) Source: GrAl / Shutterstock.com Over the longer term, the Global X Lithium & Battery Tech ETF (NYSEARca:LIT) should get a big lift from accelerating EV sales globally.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Lithium producers and lithium stocks have been badly hit as Chinese lithium prices plunged an incredible total of about 75% between November 2022 and November 2023. If the actual totals come even close to those estimates, lithium prices will surge tremendously over the long term, taking lithium stocks with them. Global X Lithium & Battery Tech ETF (LIT) Source: GrAl / Shutterstock.com Over the longer term, the Global X Lithium & Battery Tech ETF (NYSEARca:LIT) should get a big lift from accelerating EV sales globally.
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However, in the wake of the tremendous decline of both the mineral’s prices and lithium stocks, multiple firms are starting to be bullish on the sector. If the actual totals come even close to those estimates, lithium prices will surge tremendously over the long term, taking lithium stocks with them. So LTHM stock is currently changing hands at just five times Dergunov’s 2025 earnings per share estimate.
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2023-12-12 00:00:00 UTC
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3 Beaten-Down Penny Stocks Worth Buying At (or Near) Lows
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https://www.nasdaq.com/articles/3-beaten-down-penny-stocks-worth-buying-at-or-near-lows
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
As 2024 approaches, seizing opportunities in select penny stocks becomes a strategy many may consider. Now, amidst the vast array of penny stocks, only a fraction stands out as potentially promising investments. Some present a mix of growth and relative value for those hoping for outsized performance in the coming year.
So, given the broadly neutral current market perspective, invest only a small portion of one’s portfolio in high risk stocks. For those looking to accumulate a list, explore these three with big-time potential, alongside their heightened risk profiles.
Surge Battery Metals (NILIF)
Source: JLStock / Shutterstock.com
Recently, Surge Battery Metals (OTCMKTS:NILIF) finalized agreements with the Wilkins Family and Y3-II. So, it gained control of 25%+ mineral rights for its flagship claystone project in Nevada. The first deal involved a $50,000 payment and issuance of 1.25 million common shares for a 21.25% interest in mineral rights.
Then, the second agreement closed. Surge secured an additional 3.75% interest in mineral rights with the issuance of 300,000 shares. October 2022 drilling at Nevada North revealed a lithium-rich clay zone over 1,620 meters. Further, the 2023 program aims to extend it to over 3,500 meters in length and 950 meters in width.
The first hole of the 2023 season yielded initial assay results. It reached a peak of 8,070 ppm lithium, averaging 4,067 ppm lithium with a 1,000 ppm cut-off. Consequently, Surge Battery Metals stock rose on the news, and has shown periods of strong momentum in the past. Hence, this suggests a lasting rally.
Nikola (NKLA)
Source: Dennis Diatel / Shutterstock.com
Next, Nikola (NASDAQ:NKLA) stands as a higher-risk, speculative choice. True, it has faced significant stock declines, indicating waning investor confidence.
Despite this, investors weigh compelling reasons to consider it. In September, CEO Steve Girsky reported successful daily tests covering 900 miles for fuel cell trucks, highlighting their zero-emission capabilities.
And, Girsky anticipated year-end deals to sell a significant number of these trucks, backed by over 210 non-binding orders. Also, the potential popularity in California is boosted by state rebates for companies with small fleets.
Recently, the stock faced a 20% decline amid social media trends. Specifically, the automaker revealed plans to offer $300 million in combined NKLA stock and convertible notes. Such stock offerings often lead to price drops due to dilution. NKLA aimed to sell an additional $100 million in stock and $200 million in green convertible senior notes. Those will be due in 2026. So, this shows its commitment to environmentally sustainable projects.
In fact, the funds raised would be utilized for working capital, general corporate purposes, and unspecified environmentally-sustainable initiatives.
Pitney Bowes (PBI)
Source: JHVEPhoto / Shutterstock.com
Pitney Bowes (NYSE:PBI) has emerged as a standout penny stock with a dynamic vision for growth. The company’s focus is on cost-cutting, subsidiary investment, and sidestepping less profitable areas.
Recent financial results surpassed expectations. That reveals a positive shift. Non-GAAP earnings per share beat forecasts by two cents and healthy sales of $784 million. Pitney Bowes is exceeding restructuring goals by targeting significant annual savings by 2024’s end, making it a top penny stock.
Pitney Bowes is a shipping and mailing firm providing technology and financial services globally. And, it reinforced its domestic parcel network on November 8, 2023. These enhancements, including automated e-commerce hubs and robotics solutions, led to a 38% year-over-year (YOY) growth in Q3 Domestic Parcel volumes. Further, this boosts efficiency and on-time deliveries for e-commerce brands and retailers.
On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks.
Read More: Penny Stocks — How to Profit Without Getting Scammed
Chris MacDonald’s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective.
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The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors
The post 3 Beaten-Down Penny Stocks Worth Buying At (or Near) Lows appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In September, CEO Steve Girsky reported successful daily tests covering 900 miles for fuel cell trucks, highlighting their zero-emission capabilities. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 Beaten-Down Penny Stocks Worth Buying At (or Near) Lows appeared first on InvestorPlace.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips As 2024 approaches, seizing opportunities in select penny stocks becomes a strategy many may consider. Surge Battery Metals (NILIF) Source: JLStock / Shutterstock.com Recently, Surge Battery Metals (OTCMKTS:NILIF) finalized agreements with the Wilkins Family and Y3-II. Pitney Bowes (PBI) Source: JHVEPhoto / Shutterstock.com Pitney Bowes (NYSE:PBI) has emerged as a standout penny stock with a dynamic vision for growth.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips As 2024 approaches, seizing opportunities in select penny stocks becomes a strategy many may consider. On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. Read More: Penny Stocks — How to Profit Without Getting Scammed Chris MacDonald’s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years.
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NKLA aimed to sell an additional $100 million in stock and $200 million in green convertible senior notes. On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. Read More: Penny Stocks — How to Profit Without Getting Scammed Chris MacDonald’s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years.
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2023-12-12 00:00:00 UTC
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3 Hypergrowth Penny Stocks That Can Turn $5K Into $100K
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https://www.nasdaq.com/articles/3-hypergrowth-penny-stocks-that-can-turn-%245k-into-%24100k
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
I believe right now is one of the best times in years to go bargain shopping for hypergrowth penny stocks. Many explosive yet fledgling small-cap companies saw their share prices soar to unrealistic heights amidst the meme stock craze of 2021, only to come crashing down over the past year. In many cases, that’s despite tremendous ongoing progress in their underlying businesses.
However, therein lies the opportunity. Finding those diamonds in the rough with strong fundamentals and immense growth potential that are currently undervalued can be a very profitable exercise. Unlike more speculative plays, the key with hypergrowth penny stocks is identifying those poised to deliver substantial returns through rapid customer and revenue expansion. There are plenty of companies that rely on simple hype cycles or pump-and-dumps for their growth. I’m not after those.
Having said that, penny stocks do come with their fair share of risk. That’s especially true for those more cyclical stocks that lack established business models. One of the biggest pitfalls for many fast-growing yet underfunded small-cap companies is dilution. That’s because continuous secondary share offerings can reduce the ownership stake and upside for early investors.
Accordingly, in selecting hyper-growth penny stocks with multi-bagger return potential, it’s critical to assess not just the companies’ pace of growth, but also their risks tied to funding needs and potential dilution. The last thing you want is to invest in a company only to see the share price stagnate for years due to excessive dilution. With that in mind, let’s dive in!
Terran Orbital (LLAP)
Source: AlexLMX / Shutterstock
Terran Orbital (NYSE:LLAP) has seen its stock decline precipitously since 2022. In fact, this stock has now lost more than 89% of its value from its peak. However, with shares appearing oversold, this is a stock worth considering. Its massive backlog and multi-year growth roadmap ahead lead me to believe LLAP stock may be bottoming out and ready for a turnaround.
Terran Orbital currently sports a market cap just north of $200 million. However, the company maintains a staggering $2.6 billion order backlog, the majority tied to a deal with Rivada Space Networks. While delays in associated pre-payments from Rivada explain most of the stock’s recent weakness, the agreement remains intact. And notably, payments are expected before year-end. Plus, even excluding the Rivada contract, Terran Orbital has over $187 million of additional contracted backlog from customers like Lockheed Martin (NYSE:LMT) and the Department of Defense.
The most exciting aspect is that management anticipates over 80% (or roughly $2 billion) of its current backlog to be converted into revenue by 2025. The stock’s current valuation bakes in essentially no upside. Thus, investors are pricing in further delays or order cancellations that I believe are unlikely given what’s locked in contractually.
Bearish investors may still question the company’s cash burn outlook. However, I expect the influx of backlog-related pre-payments and milestone achievement payments over the coming year to adequately fund operations towards cash flow breakeven targeted by 2024.
Given the stock’s astronomical pullback, I believe the risk-reward is now overwhelmingly skewed to the upside for patient investors willing to stomach some volatility. Specifically, 2025 consensus earnings per share estimates at 13 cents put LLAP at 8-times earnings just two years out. And if Terran Orbital meets half its 80% contractual backlog conversion target, 2025 sales should eclipse $1 billion. That would imply a very attractive price-to-sales multiple of only 0.2-times.
FingerMotion (FNGR)
Source: leungchopan / Shutterstock.com
FingerMotion (NASDAQ:FNGR) is a mobile data and payment services platform focused primarily on the Chinese market. It’s also a company that I don’t believe gets anywhere near the investor attention or premium valuation it deserves.
At first glance, the company’s top-line growth statistics jump off the page. FingerMotion has recorded staggering revenue growth in recent years. Its revenue has risen from just $1.47 million in 2019 to more than $34 million over the twelve months ending February 2023. More exciting is that the pace is not slowing down. New estimates suggest 69% year-over-year growth next year is possible. This means the company’s top line could nearly double again in FY2024, easily surpassing $126 million.
Furthermore, given FingerMotion’s capital-light model and operating leverage, net margins should expand rapidly in succeeding years. This, in turn, should drive earnings per share exponentially higher, making today’s entry point a bargain. While not without risks (operating across emerging market regions), I believe this unique mobile data and fintech play firing on all cylinders that deserves a multiple that’s at least 3-4x current levels.
Electrovaya (ELVA)
Source: Just_Super / Shutterstock.com
Electrovaya (NASDAQ:ELVA) is another under-the-radar stock I’ve had on my watchlist for some time. The company’s financial metrics demonstrate strong commercial traction, with sales up 145% year-over-year last quarter to $10.5 million. The company has also turned GAAP net income profitable in the past two quarters. That’s a notable feat among emerging battery manufacturers. I expect robust customer expansion and demand trends to continue driving top-line higher in the 30-50% range in the near-term.
But the most exciting growth driver lies in management’s planned capacity expansion, supporting a broader push into heavy-duty vehicle applications. This represents a vital and high-value market poorly served by existing lithium-ion technologies, where Electrovaya’s batteries offer plenty of advantages.
Trading at just 2.3-times sales while seeing improved profitability, ELVA shares discount a bright future. Earnings per share are expected to reach almost $3 in 2032, putting the company’s forward price-earnings ratio below 1-time. That’s the kind of valuation long-term investors can get behind.
Penny Stocks
On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks.
Read More: Penny Stocks — How to Profit Without Getting Scammed
On the date of publication, Omor Ibne Ehsan did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on LinkedIn.
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 Hypergrowth Penny Stocks That Can Turn $5K Into $100K appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Many explosive yet fledgling small-cap companies saw their share prices soar to unrealistic heights amidst the meme stock craze of 2021, only to come crashing down over the past year. While not without risks (operating across emerging market regions), I believe this unique mobile data and fintech play firing on all cylinders that deserves a multiple that’s at least 3-4x current levels. Read More: Penny Stocks — How to Profit Without Getting Scammed On the date of publication, Omor Ibne Ehsan did not have (either directly or indirectly) any positions in the securities mentioned in this article.
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Terran Orbital (LLAP) Source: AlexLMX / Shutterstock Terran Orbital (NYSE:LLAP) has seen its stock decline precipitously since 2022. FingerMotion (FNGR) Source: leungchopan / Shutterstock.com FingerMotion (NASDAQ:FNGR) is a mobile data and payment services platform focused primarily on the Chinese market. Electrovaya (ELVA) Source: Just_Super / Shutterstock.com Electrovaya (NASDAQ:ELVA) is another under-the-radar stock I’ve had on my watchlist for some time.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips I believe right now is one of the best times in years to go bargain shopping for hypergrowth penny stocks. Accordingly, in selecting hyper-growth penny stocks with multi-bagger return potential, it’s critical to assess not just the companies’ pace of growth, but also their risks tied to funding needs and potential dilution. Penny Stocks On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day.
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Having said that, penny stocks do come with their fair share of risk. The stock’s current valuation bakes in essentially no upside. Penny Stocks On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day.
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2023-12-12 00:00:00 UTC
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Stellantis (NYSE:STLA) Enjoys Brand Leverage in the EV War
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https://www.nasdaq.com/articles/stellantis-nyse%3Astla-enjoys-brand-leverage-in-the-ev-war
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Although EVs may represent the future of mobility and transportation, the intense competition in the space clouds the investment narrative of alternative providers like Stellantis (NYSE:STLA). While the automotive company might be arriving a bit late to the party, it commands brand leverage that could tilt the odds in its favor amid the bitter industry war. I am bullish on STLA stock for its potential ability to pull off a surprise.
Brand Distinction May Play a Massive Role for STLA
According to accounting and consulting firm Ernst & Young, nearly half of U.S. car buyers intend to purchase an electric-powered car. In addition, Pew Research Center noted that among consumers considering making the transition, 72% state that helping the environment makes up the core incentive. Therefore, it’s not terribly surprising that EVs tend to look rather boring. That’s where STLA stock might connect with its first big punch.
Stellantis brands, such as Dodge, have never been shy about their brash, Detroit muscle heritage. However, replicating that hubris on the electric canvas seems odd. After all, we’re really talking about completely different kinetic paradigms. Yet, leave it to Dodge to break free from the unimaginative prison that many automakers have subjected themselves to.
Instead, the company will soon introduce its Charger EV, a vehicle that looks almost exactly like a mean muscle car straight out of the Fast and Furious movie franchise. The only dead giveaway is the lack of exhaust pipes. Fundamentally, Dodge will replicate as much as possible the experience – including artificially generated exhaust notes – of a Detroit-bred, V8-engined rocket ship on wheels.
It’s a risk, given that Dodge will be facing entirely new demographics of younger millennials and Generation Z members. However, if the automaker can tap into possible underlying machismo – along with capturing the attention of sustainability-oriented baby boomers – the Charger would represent a breath of fresh air. In turn, STLA stock could rise higher.
And let’s also not forget that Stellantis has many other brands that it can electrify, including Alfa Romeo, Chrysler, and Jeep.
Stellantis Marches Toward Its Vision
Another factor that could distinguish Stellantis from the heightened competition in the EV ecosystem is its strategic vision. Specifically, the company operates under a directive that by 2030, half of its U.S. passenger cars and light trucks will be powered by electric motors. To help make this plan economically feasible, the company seeks vertical integration for developing its EV battery packs.
This approach will encompass design, development, testing, and production. Further, the main basis of the overall strategy focuses on delivering superior consumer-centric performance stats. To get the ball rolling, Stellantis has invested in a dual chemistry strategy to cover all customer needs. Through efficient design and assembly of the EV battery packs, the economies of scale may allow the automaker to deliver multiple products under one baseline platform.
To be fair, STLA stock presents risks regarding its bullish narrative, particularly the late entry. While other legacy automakers saw the writing on the wall and began shifting their production lines toward EVs, Stellantis has generally been dragging its feet.
That said, Stellantis notes on its website that it leverages a community of more than 160 nationalities. Further, it operates in more than 30 countries and enjoys customers in more than 130 markets. It’s not as if Stellantis represents a relative unknown.
So, when a brand with which people are already familiar decides to transition to the electric route, that would arguably be a more credible pathway than attempting to convince a consumer to buy a brand from scratch.
Discounted Opportunity Beckons
At the moment, the market prices STLA at a trailing-year earnings multiple of 3.4x. In contrast, the automotive industry runs an average price-earnings ratio of 16.7x. To drive home the point further, Tesla (NASDAQ:TSLA) shares run a hot earnings multiple of 78.4x.
In fairness, a low PE ratio doesn’t guarantee anything. However, for STLA stock, the multiple could be deflated due to broader skepticism, such as the late EV sector entry. Nevertheless, that argument also ignores the rich potential of Stellantis being able to electrify its legacy portfolio. Plus, the company daring to be different deserves a second look.
Is STLA Stock a Buy, According to Analysts?
Turning to Wall Street, STLA stock has a Strong Buy consensus rating based on 13 Buys, one Hold, and zero Sell ratings. The average STLA stock price target is $25.60, implying 13.2% upside potential.
The Takeaway: STLA Stock Could Enliven a Stale Market
Stellantis' brand leverage and vision make it a compelling, undervalued alternative in the crowded EV space. With unique offerings like the Dodge Charger EV catering to younger demographics, its diversified portfolio, and strategic vertical integration plans, STLA stock presents a potential surprise play in the EV market. Trading at a discount compared to the industry average, STLA offers value investors an attractive entry point.
Disclosure
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Although EVs may represent the future of mobility and transportation, the intense competition in the space clouds the investment narrative of alternative providers like Stellantis (NYSE:STLA). While the automotive company might be arriving a bit late to the party, it commands brand leverage that could tilt the odds in its favor amid the bitter industry war. The Takeaway: STLA Stock Could Enliven a Stale Market Stellantis' brand leverage and vision make it a compelling, undervalued alternative in the crowded EV space.
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To be fair, STLA stock presents risks regarding its bullish narrative, particularly the late entry. The Takeaway: STLA Stock Could Enliven a Stale Market Stellantis' brand leverage and vision make it a compelling, undervalued alternative in the crowded EV space. With unique offerings like the Dodge Charger EV catering to younger demographics, its diversified portfolio, and strategic vertical integration plans, STLA stock presents a potential surprise play in the EV market.
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Although EVs may represent the future of mobility and transportation, the intense competition in the space clouds the investment narrative of alternative providers like Stellantis (NYSE:STLA). The Takeaway: STLA Stock Could Enliven a Stale Market Stellantis' brand leverage and vision make it a compelling, undervalued alternative in the crowded EV space. With unique offerings like the Dodge Charger EV catering to younger demographics, its diversified portfolio, and strategic vertical integration plans, STLA stock presents a potential surprise play in the EV market.
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To be fair, STLA stock presents risks regarding its bullish narrative, particularly the late entry. In contrast, the automotive industry runs an average price-earnings ratio of 16.7x. Is STLA Stock a Buy, According to Analysts?
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2023-12-12 00:00:00 UTC
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RCL, MGM, WYNN: Which Leisure Stock Has the Most Upside?
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https://www.nasdaq.com/articles/rcl-mgm-wynn%3A-which-leisure-stock-has-the-most-upside
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The broader basket of leisure stocks has been a rather turbulent ride in the years following the worst of the COVID-19 pandemic. Going into 2024, numerous Wall Street pros still expect strong gains from some of the industry's stronger plays -- like RCL, MGM, and WYNN -- as they look to continue meeting much of the pent-up demand built during the early days of lockdown.
Therefore, let's check out TipRanks' Comparison Tool to see how the following leisure plays stack up in the face of turbulent economic conditions.
Royal Caribbean Cruise Lines (NYSE:RCL)
It's been an incredible 2023 for shares of Royal Caribbean Cruise Lines, which have more than doubled, surging around 147% year-to-date on the back of strengthening demand. Management seems incredibly upbeat following its latest third-quarter beat (adjusted earnings per share of $3.85 coming ahead of estimates), as it hiked its full-year profit guidance.
Numerous analysts continue to view the stock favorably, and I think they're right to do so as bookings demand continues to heat up into the new year despite the macro headwinds.
Undoubtedly, robust bookings in the face of a challenged consumer environment may seem quite confusing. Indeed, we may very well be witnessing many consumers looking to meet pent-up demand built during the pandemic lockdown days. Going into the new year, I don't expect recent bookings strength to cool off, especially if rates fall and consumer confidence gets a bit of a jolt.
As demand looks to heat up in 2024, I'd look for the firm to make the most of the upswing by pulling the curtain on new cruise ships. Doing so could give demand an additional shot in the arm. Who wouldn't be excited to board a brand-new ship with all the amenities?
Oppenheimer analyst Ari Wald is upbeat on RCL stock, going as far as to name it one of his best picks to play the space. Many share Wald's bullishness, with 80% of analysts covering the stock recommending RCL stock as a Buy. I'm inclined to agree with Wald and am staying bullish going into 2024.
What is the Price Target on RCL Stock?
Royal Caribbean stock comes in as a Strong Buy, with eight Buys and two Holds assigned by analysts in the past three months. The average RCL stock price target of $122.67 entails 2% upside potential.
MGM Resorts International (NYSE:MGM)
Year-to-date, MGM stock has been a hot performer, now up 30% over the timespan. The casino and hotel firm has come a long way since the dark days of COVID-19 lockdowns. And it doesn't look like the firm is about to slow the pace of its recovery just because the macro outlook is uncertain in the new year.
The casino gaming heavyweight is roaring loudly for investors, with record revenues coming out of Las Vegas. After the latest bounce, I'm inclined to stay bullish while shares continue trading at a discount relative to the peer group. At writing, MGM stock goes for 14.6 times trailing price-to-earnings, well below the resorts & casinos industry average of 24.3 times.
With momentum also building in its digital gaming business (BetMGM), the stock seems like one of the most intriguing long-term plays in the leisure space. BetMGM CEO Adam Greenblatt is aware of the stakes (forgive the pun) in the digital gaming arena, and he's ready to position the firm to remain a worthy rival.
My takeaway? Don't bet against Greenblatt and company as BetMGM looks to gain ground in the new year. At this pace, even a mild landing for the economy may not be enough to drag MGM stock back in the gutter as Vegas and Macau look to flex their muscles in the new year.
What is the Price Target on MGM Stock?
MGM stock is a Strong Buy, according to analysts, with 12 Buys and one Hold rating assigned in the past three months. The average MGM stock price target of $55.25 implies 27.4% upside potential.
Wynn Resorts (NASDAQ:WYNN)
Wynn Resorts is another casino play that may be overly discounted by Mr. Market at this juncture. The stock has been on the retreat again, now erasing almost all of the year-to-date gains enjoyed in the first quarter of 2023. Despite clocking in a decent recent quarter, investors seem jittery over the softness in its Wynn Macau business.
Add wage hikes for the Culinary Workers and Bartenders Union into the equation, and it's not a mystery as to why the stock has been tough sledding for most of the year. Personally, I believe the recent pessimism is overblown, and I am staying bullish on the stock, just like many analysts covering the name.
Despite the rough past quarter, the stock remains attractively valued at just 17.8 times forward price-to-earnings, which is in line with the resorts & casinos industry average of 17.33. As the Macau region recovers further, I do view Wynn shares as a worthy way to play China's economic rebound.
What is the Price Target on WYNN Stock?
Wynn stock is a Strong Buy, according to analysts, with eight Buys and two Holds given in the past three months. The average WYNN stock price target of $119.17 implies 38.2% upside potential.
The Bottom Line
Leisure stocks continue to win over the confidence of Wall Street analysts. From cruises to casinos, the demand recovery is hard to look past as we move into a new year that may see lower rates and a somewhat more confident consumer.
Going into 2024, analysts expect the greatest upside potential (~38%) to be had from WYNN stock. With its large Macau exposure, WYNN definitely seems like the riskiest of the group. That said, higher risk tends to accompany higher rewards.
Disclosure
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Going into 2024, numerous Wall Street pros still expect strong gains from some of the industry's stronger plays -- like RCL, MGM, and WYNN -- as they look to continue meeting much of the pent-up demand built during the early days of lockdown. Management seems incredibly upbeat following its latest third-quarter beat (adjusted earnings per share of $3.85 coming ahead of estimates), as it hiked its full-year profit guidance. BetMGM CEO Adam Greenblatt is aware of the stakes (forgive the pun) in the digital gaming arena, and he's ready to position the firm to remain a worthy rival.
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Royal Caribbean Cruise Lines (NYSE:RCL) It's been an incredible 2023 for shares of Royal Caribbean Cruise Lines, which have more than doubled, surging around 147% year-to-date on the back of strengthening demand. The average MGM stock price target of $55.25 implies 27.4% upside potential. The average WYNN stock price target of $119.17 implies 38.2% upside potential.
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Numerous analysts continue to view the stock favorably, and I think they're right to do so as bookings demand continues to heat up into the new year despite the macro headwinds. Many share Wald's bullishness, with 80% of analysts covering the stock recommending RCL stock as a Buy. Wynn stock is a Strong Buy, according to analysts, with eight Buys and two Holds given in the past three months.
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Numerous analysts continue to view the stock favorably, and I think they're right to do so as bookings demand continues to heat up into the new year despite the macro headwinds. Many share Wald's bullishness, with 80% of analysts covering the stock recommending RCL stock as a Buy. Wynn Resorts (NASDAQ:WYNN) Wynn Resorts is another casino play that may be overly discounted by Mr. Market at this juncture.
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2023-12-12 00:00:00 UTC
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Wall Street Analysts See a 53.71% Upside in Sarepta Therapeutics (SRPT): Can the Stock Really Move This High?
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https://www.nasdaq.com/articles/wall-street-analysts-see-a-53.71-upside-in-sarepta-therapeutics-srpt%3A-can-the-stock-really
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Sarepta Therapeutics (SRPT) closed the last trading session at $94.52, gaining 13.9% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $145.29 indicates a 53.7% upside potential.
The mean estimate comprises 17 short-term price targets with a standard deviation of $39.28. While the lowest estimate of $80 indicates a 15.4% decline from the current price level, the most optimistic analyst expects the stock to surge 137% to reach $224. It's very important to note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.
While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of analysts in setting price targets have long been questionable.
But, for SRPT, an impressive average price target is not the only indicator of a potential upside. Strong agreement among analysts about the company's ability to report better earnings than they predicted earlier strengthens this view. While a positive trend in earnings estimate revisions doesn't gauge how much a stock could gain, it has proven to be powerful in predicting an upside.
Here's What You Should Know About Analysts' Price Targets
According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.
While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?
They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.
However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.
Here's Why There Could be Plenty of Upside Left in SRPT
Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason to expect an upside in the stock. That's because empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
The Zacks Consensus Estimate for the current year has increased 9.7% over the past month, as one estimate has gone higher compared to no negative revision.
Moreover, SRPT currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, while the consensus price target may not be a reliable indicator of how much SRPT could gain, the direction of price movement it implies does appear to be a good guide.
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
Sarepta Therapeutics, Inc. (SRPT) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Sarepta Therapeutics (SRPT) closed the last trading session at $94.52, gaining 13.9% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
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Sarepta Therapeutics (SRPT) closed the last trading session at $94.52, gaining 13.9% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. That's because empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Click to get this free report Sarepta Therapeutics, Inc. (SRPT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Here's What You Should Know About Analysts' Price Targets According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, while the consensus price target may not be a reliable indicator of how much SRPT could gain, the direction of price movement it implies does appear to be a good guide.
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The mean price target of $145.29 indicates a 53.7% upside potential. However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, while the consensus price target may not be a reliable indicator of how much SRPT could gain, the direction of price movement it implies does appear to be a good guide.
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bb8bf03c-1a5d-4734-a28e-c52ca88c62db
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713298.0
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2023-12-12 00:00:00 UTC
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3 Value Stocks From the Undervalued P&C Insurance Space
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DCOMP
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https://www.nasdaq.com/articles/3-value-stocks-from-the-undervalued-pc-insurance-space
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nan
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The Zacks Property and Casualty Insurance industry is currently undervalued than the Zacks S&P 500 composite and the Zacks Finance sector. The price-to-book (P/B) ratio, the best multiple for valuing insurers because of their unpredictable financial results, is 1.47, less than the Zacks S&P 500 composite’s P/B of 5.95 and the sector’s P/B of 3.3. Such below-market positioning hints at room for upside in the coming quarters.
Image Source: Zacks Investment Research
Image Source: Zacks Investment Research
Before their valuation expands, it is wise to add some undervalued stocks with growth potential to your portfolio.
Driving Factors
The property and casualty insurance industry has been gaining momentum on the back of improved pricing, increased technology advancements, exposure growth, underwriting profitability, favorable reserve development and global expansion, as well as an impressive solvency level.
Global commercial insurance prices rose for 24 straight quarters, but the magnitude has slowed down, per Marsh Global Insurance Market Index. Better pricing ensures improved premiums. Per Deloitte Insights, gross premiums are estimated to increase six-fold to $722 billion by 2030.
The P&C insurance industry remains exposed to catastrophe losses stemming from natural disasters, which drag down underwriting profit. Per Swiss Re, natural catastrophe-insured losses are expected to exceed $100 billion in 2023. This marked the fourth consecutive year and the sixth year since 2017 when the insurance industry has witnessed huge losses.
Exposure growth, improved pricing, prudent underwriting, favorable reserve development and a sturdy capital position will help absorb catastrophe losses. Also, frequent occurrences of natural disasters should accelerate the policy renewal rate.
With four rate hikes so far in 2023, investment income is likely to have improved, as insurers are the beneficiaries of a rising rate environment. The Fed had raised its key interest rate by 0.25% and reached a target of 5.25-5.5%, which marked the highest level in 22 years. An improving rate environment is a boon for insurers, especially long-tail insurers. Also, investment income is an important component of insurers’ top lines.
Industry players remain focused on digitalization to improve scale and efficiencies. A sturdy capital level supports inorganic expansion, investment in growth initiatives and capital payout to shareholders.
Price Performance
The insurance industry has outperformed the Finance sector in the past year. The insurance industry has risen 16.8%, outperforming the Finance sector’s growth of 15.1% in the said time frame. Meanwhile, the Zacks S&P 500 composite has rallied 22.6% in the past year.
Image Source: Zacks Investment Research
Better pricing, prudent underwriting and increased exposure should help insurers retain the momentum and remain well-poised for the longer term.
Value Picks
With the help of the Zacks Stock Screener, we have selected three insurance stocks with an impressive Value Score of A or B and a Zacks Rank #1 (Strong Buy) or #2 (Buy). Back-tested results have shown that stocks with a favorable Value Score and a solid Zacks Rank are the best investment options. You can see the complete list of today’s Zacks #1 Rank stocks here.
These stocks with growth potential have witnessed positive estimate revisions, reflecting analysts’ confidence in their operational efficiency and a cheaper valuation.
Axis Capital Holdings Limited AXS: Headquartered in Pembroke, Bermuda, this property and casualty insurer provides various specialty insurance and reinsurance products worldwide. AXIS Capital continues to build on its Specialty Insurance, Reinsurance, and Accident and Health to pave the way for long-term growth. Apart from fortifying the casualty and professional lines in the insurance segment, its focus on deploying resources prudently while enhancing efficiencies, and improving its portfolio mix and underwriting profitability, bodes well. Its expected long-term earnings growth rate is pegged at 5%.
This insurer surpassed earnings estimates in each of the last four quarters, the average beat being 22.45%.
AXIS Capital is a leading specialty insurer and global reinsurer aiming for leadership in specialty risks. The company, thus, remains focused on growth in Marine Cargo, Cyber and Renewable Energy, which is likely to provide a solid double-digit return on equity opportunities. AXIS Capital continues to boost shareholder value through share buybacks and dividend hikes. AXS currently carries a Zacks Rank #2.
The company’s return on equity in the trailing 12 months was 18.1%, better than the industry average of 7.1%. AXS also has an impressive VGM Score of A.
Axis Capital’s P/B ratio is 1.04. AXS shares have gained 0.05% in the past year.
Image Source: Zacks Investment Research
RenaissanceRe Holdings Ltd. RNR: Headquartered in Pembroke, Bermuda, RNR offers insurance and reinsurance products in the domestic and international markets. It was founded in 1993 and currently has a market cap of $10.5 billion.
RenaissanceRe is strategically positioned for growth, leveraging rising premiums earned. The rise in returns from the fixed-maturity portfolio and improving underwriting results add further momentum. The favorable impacts of a high interest rate environment act as a key driver. Its Casualty and Specialty business is expected to play a significant role in its top-line growth. The company’s ability to generate growing free cash flow is commendable, which will improve its financial flexibility. Its strategic acquisition initiatives continue to play a pivotal role in fostering business expansion. RNR also has an impressive VGM Score of A.
RenaissanceRe has a decent track of beating earnings estimates in each of the trailing four reported quarters, the average surprise being 16.48%. RNR presently has a Zacks Rank #2.
The company’s return on equity in the trailing 12 months was 26.6%, better than the industry average of 7.1%.
RenaissanceRe’s P/B ratio is 1.46. RNR shares have rallied 7% in the past year.
Image Source: Zacks Investment Research
CNA Financial Corporation CNA: CNA Financial offers commercial P&C insurance products mainly across the United States. The insurer’s focus on better pricing and increased exposure, and higher new business and retention across its Specialty, Commercial and International segments poise it well for growth.
A strong balance sheet and cash flows enable CNA Financial to engage in shareholder-friendly moves like dividend hikes. On the back of a disciplined execution denoted by strong underwriting results and confidence in future earnings performances, the company has hiked its dividends over the past couple of years. CNA also has an impressive VGM Score of B. Its expected long-term earnings growth rate is pegged at 5%. CNA Financial currently sports a Zacks Rank #1.
CNA Financial has a decent track of beating earnings estimates in three of the trailing four reported quarters and missed in one, the average surprise being 9.24%.
The company’s return on equity in the trailing 12 months was 13.7%, better than the industry average of 7.1%.
CNA Financial’s P/B ratio is 1.37. CNA shares have rallied 0.9% in the past year.
Image Source: Zacks Investment Research
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
RenaissanceRe Holdings Ltd. (RNR) : Free Stock Analysis Report
Axis Capital Holdings Limited (AXS) : Free Stock Analysis Report
CNA Financial Corporation (CNA) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Driving Factors The property and casualty insurance industry has been gaining momentum on the back of improved pricing, increased technology advancements, exposure growth, underwriting profitability, favorable reserve development and global expansion, as well as an impressive solvency level. Image Source: Zacks Investment Research Better pricing, prudent underwriting and increased exposure should help insurers retain the momentum and remain well-poised for the longer term. Apart from fortifying the casualty and professional lines in the insurance segment, its focus on deploying resources prudently while enhancing efficiencies, and improving its portfolio mix and underwriting profitability, bodes well.
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Image Source: Zacks Investment Research RenaissanceRe Holdings Ltd. RNR: Headquartered in Pembroke, Bermuda, RNR offers insurance and reinsurance products in the domestic and international markets. Image Source: Zacks Investment Research CNA Financial Corporation CNA: CNA Financial offers commercial P&C insurance products mainly across the United States. Click to get this free report RenaissanceRe Holdings Ltd. (RNR) : Free Stock Analysis Report Axis Capital Holdings Limited (AXS) : Free Stock Analysis Report CNA Financial Corporation (CNA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Property and Casualty Insurance industry is currently undervalued than the Zacks S&P 500 composite and the Zacks Finance sector. Image Source: Zacks Investment Research CNA Financial Corporation CNA: CNA Financial offers commercial P&C insurance products mainly across the United States. Click to get this free report RenaissanceRe Holdings Ltd. (RNR) : Free Stock Analysis Report Axis Capital Holdings Limited (AXS) : Free Stock Analysis Report CNA Financial Corporation (CNA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Image Source: Zacks Investment Research With four rate hikes so far in 2023, investment income is likely to have improved, as insurers are the beneficiaries of a rising rate environment. RenaissanceRe is strategically positioned for growth, leveraging rising premiums earned.
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aad4cf5a-b6e9-41c7-b945-720ce772e5a3
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713299.0
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2023-12-12 00:00:00 UTC
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Why Molina (MOH) is a Top Growth Stock for the Long-Term
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DCOMP
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https://www.nasdaq.com/articles/why-molina-moh-is-a-top-growth-stock-for-the-long-term-0
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nan
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nan
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For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores?
Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth Score
Growth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum Score
Momentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM Score
What if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only as a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Molina (MOH)
Founded in 1980 and headquartered in Long Beach, CA, Molina Healthcare Inc. is a multi-state managed care organization participating exclusively in government-sponsored healthcare programs such as the Medicaid program and the State Children's Health Insurance Program (SCHIP), catering to low-income persons. It is a FORTUNE 500 company.
MOH is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Additionally, the company could be a top pick for growth investors. MOH has a Growth Style Score of A, forecasting year-over-year earnings growth of 16.2% for the current fiscal year.
Two analysts revised their earnings estimate higher in the last 60 days for fiscal 2023, while the Zacks Consensus Estimate has increased $0.03 to $20.82 per share. MOH also boasts an average earnings surprise of 7.5%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, MOH should be on investors' short list.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Molina Healthcare, Inc (MOH) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum. #1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks. How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
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Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier. You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B.
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What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days. That's where the Style Scores come in.
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