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713300.0
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2023-12-12 00:00:00 UTC
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3 Flying Car Stocks to Buy for 100% Returns in 2024
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DCOMP
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https://www.nasdaq.com/articles/3-flying-car-stocks-to-buy-for-100-returns-in-2024
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The flying car industry has massive growth potential, not just for the next few years but for the next few decades. More specifically, the global market for flying cars is expected is expected to touch $1 trillion by 2040 and $9 trillion by 2050. Given this market potential, some of the best flying car stocks are positioned to deliver multi-bagger returns.
It’s worth noting that the year has already been good for flying car stocks. At the same time, positive business developments seem to indicate commercialization in 2025. Based on these perspectives, I believe that the next five years will be characterized by stellar growth and global expansion for flying car companies.
Of course, there will be a period of cash burn. However, as the backlog swells, I expect flying car stocks to surge higher. This column discusses three quality names that are poised for 100% returns next year.
Let’s discuss the reasons to be bullish.
EHang Holdings (EH)
Source: Suwin / Shutterstock.com
EHang Holdings (NASDAQ:EH) has been in the limelight with several positive developments during the year. However, after touching highs of $25.80 in July, EH stock has been in a correction and consolidation mode. I see current levels of $16.80 as a good opportunity to accumulate.
This year, EHang received the world’s first type certification of unmanned eVTOL issued by the Civil Aviation Administration of China. This sets stage for commercialization. Additionally, EHang already has a sales pipeline of 450 units in the Asian markets. Last month, the company opened Europe’s first urban air mobility center in Spain.
Further, EHang has completed 42,000 demo flights in 14 countries. This sets the stage for robust expansion in the sales pipeline beyond its strength in the Asian markets. Personally, I like the fact that EHang’s team is 55.7% composed of research and development employees. With 633 issued and pending patents, the company’s growth will be backed by innovation.
Joby Aviation (JOBY)
Source: T. Schneider / Shutterstock.com
After surging higher in the first half of 2023, Joby Aviation (NYSE:JOBY) stock has been sideways to lower. Despite this, I expect another big rally in JOBY stock and fresh highs in the coming year.
Joby is awaiting certification from the Federal Aviation Authority with 84% certification plans already accepted. Additionally, the company has already performed an exhibition flight in New York city. Joby has partnered with Delta Air Lines (NYSE:DAL), which is likely to help in scaling-up operations in the coming years.
It’s worth noting that Joby Aviation has an order worth $131 million from the Department of Defense. It’s likely that defense orders will swell in the next five years and will support growth. From a financial perspective, Joby reported cash and equivalents of $1.1 billion as of Q3 2023. With high financial flexibility, the company seems funded through commercialization.
I must add that Toyota (NYSE:TM) is the company’s strategic partner for supporting and scaling-up manufacturing at Ohio. Once the facility is online in 2025, Joby will be positioned to accelerate eVTOL deliveries.
Archer Aviation (ACHR)
Source: T. Schneider / Shutterstock.com
Archer Aviation (NYSE:ACHR) has been building a strong founding for explosive growth in the next five years. ACHR stock has been among the hot stocks of 2023 with a rally of 244%. However, I believe that the stock is poised to double from current levels next year.
Archer is targeting 2025 as the year for eVTOL commercialization in the United States. Further, the company has already stitched partnerships in UAE and India for the launch of e-taxis in 2026. I expect Archer to continue building partnerships next year to expand in multiple countries.
It’s worth noting that Archer has an order of $142 million from the U.S. Air Force. Recently, the company received an order worth $500 million from Air Chateau International for the purchase of 100 eVTOL aircraft. As the backlog swells, the company’s revenue growth visibility is likely to be robust.
With the backing of big investors like Stellantis (NYSE:STLA) and United Airlines (NYSE:UAL), I don’t see any financial concerns.
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 post 3 Flying Car Stocks to Buy for 100% Returns in 2024 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 year, EHang received the world’s first type certification of unmanned eVTOL issued by the Civil Aviation Administration of China. Recently, the company received an order worth $500 million from Air Chateau International for the purchase of 100 eVTOL aircraft. 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 Flying Car Stocks to Buy for 100% Returns in 2024 appeared first on InvestorPlace.
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However, as the backlog swells, I expect flying car stocks to surge higher. EHang Holdings (EH) Source: Suwin / Shutterstock.com EHang Holdings (NASDAQ:EH) has been in the limelight with several positive developments during the year. Archer Aviation (ACHR) Source: T. Schneider / Shutterstock.com Archer Aviation (NYSE:ACHR) has been building a strong founding for explosive growth in the next five years.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips The flying car industry has massive growth potential, not just for the next few years but for the next few decades. Joby Aviation (JOBY) Source: T. Schneider / Shutterstock.com After surging higher in the first half of 2023, Joby Aviation (NYSE:JOBY) stock has been sideways to lower. Archer Aviation (ACHR) Source: T. Schneider / Shutterstock.com Archer Aviation (NYSE:ACHR) has been building a strong founding for explosive growth in the next five years.
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It’s worth noting that the year has already been good for flying car stocks. Despite this, I expect another big rally in JOBY stock and fresh highs in the coming year. Archer is targeting 2025 as the year for eVTOL commercialization in the United States.
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efc4a3b2-ddd2-4e9f-89bc-613066fa9588
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713301.0
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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-292
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nan
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nan
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth Score
Growth investors, 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 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
A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only as a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
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: New York Times Co. (NYT)
Founded in 1896 and headquartered in New York City, New York, The New York Times Company (NYT) operates as a diversified media company that comprises newspapers, Internet businesses and other investments.
NYT 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. NYT has a Growth Style Score of A, forecasting year-over-year earnings growth of 12.9% for the current fiscal year.
One analysts revised their earnings estimate higher in the last 60 days for fiscal 2023, while the Zacks Consensus Estimate has increased $0.01 to $1.49 per share. NYT also boasts an average earnings surprise of 40.4%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, NYT 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
The New York Times Company (NYT) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. 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. Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance.
|
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. 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 A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
|
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days. How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
|
The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days. That's where the Style Scores come in. NYT has a Growth Style Score of A, forecasting year-over-year earnings growth of 12.9% for the current fiscal year.
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65201d5b-5b8b-48db-b490-1fab66add6d5
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713302.0
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2023-12-12 00:00:00 UTC
|
Why Salesforce.com (CRM) is a Top Growth Stock for the Long-Term
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DCOMP
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https://www.nasdaq.com/articles/why-salesforce.com-crm-is-a-top-growth-stock-for-the-long-term-1
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nan
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nan
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It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Each stock is 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
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, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum Score
Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM Score
If you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank
The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Salesforce.com (CRM)
Headquartered in San Francisco, Salesforce, Inc., founded in 1999, is the leading provider of on-demand Customer Relationship Management (CRM) software, which enables organizations to better manage critical operations, such as sales force automation, customer service and support, marketing automation, document management, analytics and custom application development.
CRM 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. CRM has a Growth Style Score of B, forecasting year-over-year earnings growth of 56.3% for the current fiscal year.
17 analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.13 to $8.19 per share. CRM also boasts an average earnings surprise of 10.9%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, CRM 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
Salesforce Inc. (CRM) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
|
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. The Zacks Style Scores 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. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
|
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
|
What are the Zacks Style Scores? This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. CRM has a Growth Style Score of B, forecasting year-over-year earnings growth of 56.3% for the current fiscal year.
|
4cc2b905-4f57-415c-a413-575c729b2b37
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713303.0
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2023-12-12 00:00:00 UTC
|
Why This 1 Growth Stock Could Be a Great Addition to Your Portfolio
|
DCOMP
|
https://www.nasdaq.com/articles/why-this-1-growth-stock-could-be-a-great-addition-to-your-portfolio-293
|
nan
|
nan
|
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores?
The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value Score
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth Score
Growth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum Score
Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM Score
If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: United Rentals (URI)
Headquartered in Stamford, CT, United Rentals, Inc. is the largest equipment rental company in the world, with an integrated network of 1,557 rental locations in the United States, Canada, Europe, Australia and New Zealand. Moreover, it operates in 49 U.S. states and every Canadian province. The company offers 4,800 classes of equipment for rent at a total original equipment cost (“OEC”) of $21 billion (as of Sep 30, 2023). Equipment rentals represented 84% of total revenues for the nine months ended Sep 30, 2023.
URI 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. URI has a Growth Style Score of B, forecasting year-over-year earnings growth of 26.4% for the current fiscal year.
Three analysts revised their earnings estimate higher in the last 60 days for fiscal 2023, while the Zacks Consensus Estimate has increased $0.46 to $41.07 per share. URI also boasts an average earnings surprise of 1.2%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, URI 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
United Rentals, Inc. (URI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum. #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.
|
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. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks. Click to get this free report United Rentals, Inc. (URI) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
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, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
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What are the Zacks Style Scores? 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. That's where the Style Scores come in.
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dea2919c-b63b-45bf-89e4-b5eba148f9a8
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713304.0
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2023-12-12 00:00:00 UTC
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Cullen/Frost (CFR) Soars 4.0%: Is Further Upside Left in the Stock?
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DCOMP
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https://www.nasdaq.com/articles/cullen-frost-cfr-soars-4.0%3A-is-further-upside-left-in-the-stock
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nan
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nan
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Cullen/Frost Bankers (CFR) shares ended the last trading session 4% higher at $110.44. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 7.5% gain over the past four weeks.
After 11 interest rate hikes, the Fed's decision to pause rate hikes for the third month drove bullish sentiments across markets amid the optimism of easing inflation pressures. With this, the interest rates remain at a 22-year high of 5.25-5.5%. Further, the central bank indicated three interest rate cuts by 2024-end. These developments turned investor sentiment bullish on bank stocks, as high funding costs faced by the industry players are expected to decline in the next year, supporting spread income and margins. Hence, the CFR stock gained.
This financial holding company is expected to post quarterly earnings of $2.06 per share in its upcoming report, which represents a year-over-year change of -29.2%. Revenues are expected to be $493.79 million, down 6.8% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Cullen/Frost, the consensus EPS estimate for the quarter has been revised 1.2% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on CFR going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Cullen/Frost is a member of the Zacks Banks - Southwest industry. One other stock in the same industry, First Foundation (FFWM), finished the last trading session 11.4% higher at $9.02. FFWM has returned 28.2% over the past month.
First Foundation's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.02. Compared to the company's year-ago EPS, this represents a change of -94.3%. First Foundation currently boasts a Zacks Rank of #4 (Sell).
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
Cullen/Frost Bankers, Inc. (CFR) : Free Stock Analysis Report
First Foundation Inc. (FFWM) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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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These developments turned investor sentiment bullish on bank stocks, as high funding costs faced by the industry players are expected to decline in the next year, supporting spread income and margins. This financial holding company is expected to post quarterly earnings of $2.06 per share in its upcoming report, which represents a year-over-year change of -29.2%. 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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These developments turned investor sentiment bullish on bank stocks, as high funding costs faced by the industry players are expected to decline in the next year, supporting spread income and margins. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Cullen/Frost is a member of the Zacks Banks - Southwest industry. Click to get this free report Cullen/Frost Bankers, Inc. (CFR) : Free Stock Analysis Report First Foundation Inc. (FFWM) : Free Stock Analysis Report To read this article on Zacks.com click here.
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While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. 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 Cullen/Frost Bankers, Inc. (CFR) : Free Stock Analysis Report First Foundation Inc. (FFWM) : Free Stock Analysis Report To read this article on Zacks.com click here.
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For Cullen/Frost, the consensus EPS estimate for the quarter has been revised 1.2% higher over the last 30 days to the current level. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Cullen/Frost is a member of the Zacks Banks - Southwest industry. Compared to the company's year-ago EPS, this represents a change of -94.3%.
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6c3048d6-c4db-4ff7-82e1-f557f9cf1558
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713305.0
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2023-12-12 00:00:00 UTC
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Strength Seen in Capital One (COF): Can Its 3.3% Jump Turn into More Strength?
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DCOMP
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https://www.nasdaq.com/articles/strength-seen-in-capital-one-cof%3A-can-its-3.3-jump-turn-into-more-strength
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nan
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nan
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Capital One (COF) shares soared 3.3% in the last trading session to close at $129.20. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 18% gain over the past four weeks.
After 11 interest rate hikes, the Fed's decision to pause rate hikes for the third month drove bullish sentiments across markets amid the optimism of easing inflation pressures. With this, the interest rates remain at a 22-year high of 5.25-5.5%. Further, the central bank indicated three interest rate cuts by 2024-end. These developments turned investor sentiment bullish on finance stocks, as high funding costs faced by the industry players are expected to decline in the next year, supporting spread income and margins. Hence, the COF stock gained.
This credit card issuer and bank is expected to post quarterly earnings of $2.68 per share in its upcoming report, which represents a year-over-year change of -5%. Revenues are expected to be $9.45 billion, up 4.6% 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 Capital One, the consensus EPS estimate for the quarter has been revised 1.8% 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 COF 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 >>>>
Capital One is part of the Zacks Financial - Consumer Loans industry. Enova International (ENVA), another stock in the same industry, closed the last trading session 2.8% higher at $53.40. ENVA has returned 25.1% in the past month.
For Enova International, the consensus EPS estimate for the upcoming report has changed -0.4% over the past month to $1.75. This represents a change of -0.6% from what the company reported a year ago. Enova International currently has a Zacks Rank of #5 (Strong Sell).
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 One Financial Corporation (COF) : Free Stock Analysis Report
Enova International, Inc. (ENVA) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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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These developments turned investor sentiment bullish on finance stocks, as high funding costs faced by the industry players are expected to decline in the next year, supporting spread income and margins. This credit card issuer and bank is expected to post quarterly earnings of $2.68 per share in its upcoming report, which represents a year-over-year change of -5%. 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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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 Enova International, the consensus EPS estimate for the upcoming report has changed -0.4% over the past month to $1.75. Click to get this free report Capital One Financial Corporation (COF) : Free Stock Analysis Report Enova International, Inc. (ENVA) : 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 >>>> Capital One is part of the Zacks Financial - Consumer Loans industry. Click to get this free report Capital One Financial Corporation (COF) : Free Stock Analysis Report Enova International, Inc. (ENVA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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With this, the interest rates remain at a 22-year high of 5.25-5.5%. This credit card issuer and bank is expected to post quarterly earnings of $2.68 per share in its upcoming report, which represents a year-over-year change of -5%. For Enova International, the consensus EPS estimate for the upcoming report has changed -0.4% over the past month to $1.75.
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0f271e27-7b3b-4bb0-960a-cce499557326
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713306.0
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2023-12-12 00:00:00 UTC
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Strength Seen in Goldman (GS): Can Its 5.7% Jump Turn into More Strength?
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DCOMP
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https://www.nasdaq.com/articles/strength-seen-in-goldman-gs%3A-can-its-5.7-jump-turn-into-more-strength
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nan
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nan
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Goldman Sachs (GS) shares soared 5.7% in the last trading session to close at $383.47. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 7.4% gain over the past four weeks.
After 11 interest rate hikes, the Fed's decision to pause rate hikes for the third month drove bullish sentiments across markets amid the optimism of easing inflation pressures. With this, the interest rates remain at a 22-year high of 5.25-5.5%. Further, the central bank indicated three interest rate cuts by 2024-end. These developments turned investor sentiment bullish on finance stocks, as high funding costs faced by the industry players are expected to decline in the next year, supporting spread income and margins. Hence, the GS stock gained.
This investment bank is expected to post quarterly earnings of $5.29 per share in its upcoming report, which represents a year-over-year change of +59.3%. Revenues are expected to be $11.06 billion, up 4.5% 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 Goldman, the consensus EPS estimate for the quarter has been revised marginally lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on GS 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 >>>>
Goldman is a member of the Zacks Financial - Investment Bank industry. One other stock in the same industry, Piper Sandler Companies (PIPR), finished the last trading session 3.3% higher at $175.19. PIPR has returned 10.4% over the past month.
For Piper Sandler Companies, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $2.59. This represents a change of -22.2% from what the company reported a year ago. Piper Sandler Companies 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 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 Goldman Sachs Group, Inc. (GS) : Free Stock Analysis Report
Piper Sandler Companies (PIPR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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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These developments turned investor sentiment bullish on finance stocks, as high funding costs faced by the industry players are expected to decline in the next year, supporting spread income and margins. This investment bank is expected to post quarterly earnings of $5.29 per share in its upcoming report, which represents a year-over-year change of +59.3%. 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 investment bank is expected to post quarterly earnings of $5.29 per share in its upcoming report, which represents a year-over-year change of +59.3%. For Piper Sandler Companies, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $2.59. Click to get this free report The Goldman Sachs Group, Inc. (GS) : Free Stock Analysis Report Piper Sandler Companies (PIPR) : 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. 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 The Goldman Sachs Group, Inc. (GS) : Free Stock Analysis Report Piper Sandler Companies (PIPR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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This investment bank is expected to post quarterly earnings of $5.29 per share in its upcoming report, which represents a year-over-year change of +59.3%. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Goldman is a member of the Zacks Financial - Investment Bank industry. For Piper Sandler Companies, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $2.59.
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3fbf948e-48a4-44ae-9d24-80cd74dc04fc
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713307.0
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2023-12-12 00:00:00 UTC
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Park National (PRK) Soars 3.3%: Is Further Upside Left in the Stock?
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DCOMP
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https://www.nasdaq.com/articles/park-national-prk-soars-3.3%3A-is-further-upside-left-in-the-stock
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nan
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nan
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Park National (PRK) shares soared 3.3% in the last trading session to close at $135.43. 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.
After 11 interest rate hikes, the Fed's decision to pause rate hikes for the third month drove bullish sentiments across markets amid the optimism of easing inflation pressures. With this, the interest rates remain at a 22-year high of 5.25-5.5%. Further, the central bank indicated three interest rate cuts by 2024-end. These developments turned investor sentiment bullish on bank stocks, as high funding costs faced by the industry players are expected to decline in the next year, supporting spread income and margins. Hence, the PRK stock gained.
This financial services holding company is expected to post quarterly earnings of $1.92 per share in its upcoming report, which represents a year-over-year change of -1%. Revenues are expected to be $119.14 million, down 1.5% 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 Park National, 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 PRK going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Park National is a member of the Zacks Banks - Midwest industry. One other stock in the same industry, First Financial Corp. (THFF), finished the last trading session 1.2% higher at $42.97. THFF has returned 14.8% over the past month.
For First Financial Corp., the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.13. This represents a change of -17.5% from what the company reported a year ago. First Financial Corp. 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 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
Park National Corporation (PRK) : Free Stock Analysis Report
First Financial Corporation Indiana (THFF) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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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These developments turned investor sentiment bullish on bank stocks, as high funding costs faced by the industry players are expected to decline in the next year, supporting spread income and margins. This financial services holding company is expected to post quarterly earnings of $1.92 per share in its upcoming report, which represents a year-over-year change of -1%. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Park National is a member of the Zacks Banks - Midwest industry. For First Financial Corp., the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.13. Click to get this free report Park National Corporation (PRK) : Free Stock Analysis Report First Financial Corporation Indiana (THFF) : 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 >>>> Park National is a member of the Zacks Banks - Midwest industry. Click to get this free report Park National Corporation (PRK) : Free Stock Analysis Report First Financial Corporation Indiana (THFF) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Park National (PRK) shares soared 3.3% in the last trading session to close at $135.43. With this, the interest rates remain at a 22-year high of 5.25-5.5%. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Park National is a member of the Zacks Banks - Midwest industry.
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7df0b0c8-6960-4869-a06f-bf471363a704
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713308.0
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2023-12-12 00:00:00 UTC
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Could Investing $10,000 in Nvidia Stock Help Make You a Millionaire?
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DCOMP
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https://www.nasdaq.com/articles/could-investing-%2410000-in-nvidia-stock-help-make-you-a-millionaire
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nan
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nan
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Buying and holding great companies for a long time is one of the best ways to make money in the stock market as this strategy allows investors to compound their investment, and also gain from secular growth trends or disruptive innovation that the companies they invest in may benefit from.
For instance, a $10,000 investment in the Nasdaq Composite index a decade ago is now worth $39,000. However, finding individual stocks that could turn $10,000 into a million dollars in the long run isn't an easy task. A stock will have to jump 100-fold to achieve this feat. In other words, the stock you picked will have to clock a compound annual growth rate of 20% for 25 consecutive years to appreciate this much. That's tough.
However, let me highlight one stock that has achieved this milestone in an even shorter period -- Nvidia (NASDAQ: NVDA). A $10,000 investment made in Nvidia stock a decade ago is now worth almost $1.2 million.
NVDA data by YCharts
The company now has a market cap of $1.18 trillion. A 100x jump from here means that Nvidia's market cap could hit $118 trillion. The global economy's size is expected to hit $105 trillion this year, which makes another 100x jump at Nvidia look like a fantasy.
But that doesn't mean investors looking to achieve big gains should not invest in this chipmaker. Let's look at the reasons why.
Understanding how Nvidia has multiplied 100-fold in the past decade
Nvidia's eye-popping surge over the past decade has been driven by outstanding growth in the company's revenue and earnings, which is evident from the chart below.
NVDA Revenue (TTM) data by YCharts
During this time, the company has witnessed a rapid expansion in the application of the graphics cards that it sells. Nvidia's graphics cards were primarily deployed in gaming PCs (personal computers) and workstation PCs a decade ago. Its chips were also gaining traction in the automotive and high-performance computing markets at that time. However, the size of these markets was way smaller as the company delivered annual revenue of $4.1 billion in fiscal 2014.
Cut to the present, and Nvidia is set to finish fiscal 2024 with an estimated revenue of almost $59 billion (based on its revenue guidance of $20 billion for the current quarter). In simpler words, Nvidia's top line has multiplied by 15 in the past 10 years. The company's non-GAAP net income stood at $588 million in fiscal 2014. For comparison, Nvidia has generated almost $20 billion in non-GAAP net income in the first nine months of fiscal 2024.
The company's data center business has been the biggest driver of Nvidia's terrific growth, accounting for 80% of its top line in the previous quarter. This segment has benefited from the explosive demand for the company's artificial intelligence (AI)-focused graphics cards, which come with steep price tags and reportedly command a waiting period of up to a year. More importantly, the market for AI GPUs is going to unlock the next big growth opportunity for Nvidia over the next decade. Here's why.
Meet Nvidia's next big growth driver
Nvidia is the biggest seller of chips deployed in AI servers for training large language models such as ChatGPT. Analysts estimate that the company controls 80% of this market right now, leaving competitors such as AMD and Intel way behind. For instance, AMD expects just $2 billion in revenue from sales of AI chips in 2024. Nvidia, on the other hand, reportedly sold half a million of its AI chips last quarter, which sent its data center segment's revenue up 279% year over year to $14.5 billion.
Given that Nvidia is expected to triple the output of its flagship H100 AI graphics card in 2024, the company may be able to generate $45 billion to $60 billion in revenue from the sale of this chip alone. So, there is a solid chance that the company is likely to maintain its hegemony over the lucrative AI chip market, which is expected to generate $400 billion in revenue in 2027.
If we assume that Nvidia's competitors pull up their socks, introduce competitive products, and reduce its share of the AI chip market to 50% after five years, even then the company could generate $200 billion in revenue from this space. That would be more than triple the revenue Nvidia is on track to generate in the current fiscal year, and that too from one segment alone.
One Wall Street analyst is even more optimistic. Vijay Rakesh of Mizuho predicts that Nvidia could generate $300 billion in AI-related annual revenue by 2027 by maintaining a 75% share of the AI chip market. That would be more than 10 times the revenue Nvidia generated in its most recent fiscal year.
Investors shouldn't miss these additional catalysts that could help the stock multiply
While the data center business has been in the spotlight thanks to AI, Nvidia isn't a one-trick pony. The company has other notable catalysts that could add more fuel to its growth, such as digital twins and cloud gaming.
For instance, Nvidia sees a $150 billion revenue opportunity in the digital twin market in the long run thanks to the growing adoption of this technology in factories and other industrial applications. The company has already started capitalizing on this market by striking deals with big automakers such as Mercedes-Benz and BMW, which will be using Nvidia's GPUs and software to virtually design factories before beginning physical construction.
Meanwhile, the cloud gaming market looks set to become another important growth driver for Nvidia in the long run. The company is the dominant force in this nascent space with a solid market share, which is likely to translate into a substantial jump in its revenue.
In all, it is not surprising to see why analysts are anticipating Nvidia's earnings to increase at a compound annual growth rate of 113% over the next five years. That's substantially higher than the 48% annual earnings growth Nvidia has clocked in the past five years.
Assuming Nvidia's earnings increase at a relatively conservative pace of 50% over the next five years (nearly half of what analysts are projecting), its earnings could jump to $93 per share after five years (using the current fiscal year's projected earnings of $12.29 per share as the base). Multiplying the projected earnings with Nvidia's five-year forward earnings multiple of 42 points toward a stock price of $3,900 per share after five years. That would be an eight-fold jump from current levels.
That's why if you have $10,000 in investible cash after paying your bills, clearing your high-interest loans, and saving enough for a rainy day, buying Nvidia could turn out to be a smart move as this tech stock has the capability of delivering outstanding gains in the long run -- even if it doesn't make you a millionaire -- and could give your portfolio a massive boost.
Should you invest $1,000 in Nvidia right now?
Before you buy stock in Nvidia, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has 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 Advanced Micro Devices and Nvidia. The Motley Fool recommends Bayerische Motoren Werke Aktiengesellschaft and Intel and recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, and short February 2024 $47 calls on Intel. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This segment has benefited from the explosive demand for the company's artificial intelligence (AI)-focused graphics cards, which come with steep price tags and reportedly command a waiting period of up to a year. The company has already started capitalizing on this market by striking deals with big automakers such as Mercedes-Benz and BMW, which will be using Nvidia's GPUs and software to virtually design factories before beginning physical construction. That's why if you have $10,000 in investible cash after paying your bills, clearing your high-interest loans, and saving enough for a rainy day, buying Nvidia could turn out to be a smart move as this tech stock has the capability of delivering outstanding gains in the long run -- even if it doesn't make you a millionaire -- and could give your portfolio a massive boost.
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Nvidia, on the other hand, reportedly sold half a million of its AI chips last quarter, which sent its data center segment's revenue up 279% year over year to $14.5 billion. Assuming Nvidia's earnings increase at a relatively conservative pace of 50% over the next five years (nearly half of what analysts are projecting), its earnings could jump to $93 per share after five years (using the current fiscal year's projected earnings of $12.29 per share as the base). The Motley Fool recommends Bayerische Motoren Werke Aktiengesellschaft and Intel and recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, and short February 2024 $47 calls on Intel.
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Understanding how Nvidia has multiplied 100-fold in the past decade Nvidia's eye-popping surge over the past decade has been driven by outstanding growth in the company's revenue and earnings, which is evident from the chart below. Assuming Nvidia's earnings increase at a relatively conservative pace of 50% over the next five years (nearly half of what analysts are projecting), its earnings could jump to $93 per share after five years (using the current fiscal year's projected earnings of $12.29 per share as the base). Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Nvidia wasn't one of them.
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A $10,000 investment made in Nvidia stock a decade ago is now worth almost $1.2 million. Given that Nvidia is expected to triple the output of its flagship H100 AI graphics card in 2024, the company may be able to generate $45 billion to $60 billion in revenue from the sale of this chip alone. Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Nvidia wasn't one of them.
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9a6d45f6-c7e8-4905-a1b7-c4b29de39a4c
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713309.0
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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-236
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nan
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nan
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For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
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
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, 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 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
If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
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: GSK (GSK)
GSK has three segments: Specialty Medicines (HIV, Oncology, Immunology/Respiratory and Other), Vaccines (Meningitis, Influenza, Shingles, RSV and Established Vaccines) and General Medicines (Respiratory and Other), which are clubbed as commercial operations.
GSK is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Medical stock. GSK has a Momentum Style Score of A, and shares are up 7.4% over the past four weeks.
For fiscal 2023, four analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.11 to $3.90 per share. GSK boasts an average earnings surprise of 11%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, GSK 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
GSK PLC Sponsored ADR (GSK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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So, 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. 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.
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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 A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
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Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio. Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
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What are the Zacks Style Scores? That's where the Style Scores come in. GSK is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
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f7d1de1a-ad06-4280-a193-9c61bc5f8ba1
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713310.0
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2023-12-12 00:00:00 UTC
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Here's Why United Therapeutics (UTHR) is a Strong Momentum Stock
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DCOMP
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https://www.nasdaq.com/articles/heres-why-united-therapeutics-uthr-is-a-strong-momentum-stock
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nan
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nan
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For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
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
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, 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 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
If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
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: United Therapeutics (UTHR)
Silver Spring, MD-based United Therapeutics Corporation markets four medicines in the United States to treat pulmonary arterial hypertension (PAH): Remodulin, an injectable formulation of treprostinil, Orenitram, an oral version of treprostinil, Tyvaso, an inhaled version of treprostinil, and Adcirca (tadalafil; also sold by Eli Lilly as Cialis for erectile dysfunction) tablets. Remodulin is approved for both subcutaneous (SC) and intravenous (IV) use.
UTHR is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Momentum investors should take note of this Medical stock. UTHR has a Momentum Style Score of B, and shares are up 12.1% over the past four weeks.
For fiscal 2023, six analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.47 to $19.44 per share. UTHR boasts an average earnings surprise of 1.3%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, UTHR 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
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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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. 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.
|
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 A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio. Click to get this free report United Therapeutics Corporation (UTHR) : 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. How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio. 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.
|
What are the Zacks Style Scores? The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum. That's where the Style Scores come in.
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278ed713-3931-4bc1-99b3-e021b330ba9d
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713311.0
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2023-12-12 00:00:00 UTC
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Are You a Momentum Investor? This 1 Stock Could Be the Perfect Pick
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DCOMP
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https://www.nasdaq.com/articles/are-you-a-momentum-investor-this-1-stock-could-be-the-perfect-pick-258
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nan
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nan
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It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores?
The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
For value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth Score
Growth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
If you 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.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
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: Carvana (CVNA)
Headquartered in Phoenix, AZ, Carvana Co. is a leading e-commerce platform for buying and selling used cars. The company, which had filed for its IPO in 2017, has had an amazing run ever since, with revenues jumping around 15-fold between 2017 and 2021. Revenues rose 6% in 2022. Carvana’s end-to-end online business model that covers every aspect of used-car retailing — including sales, financing, logistics, inspection and repair centers, as well as software development — has transformed traditional used-car sales in several ways.
CVNA is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Momentum investors should take note of this Retail-Wholesale stock. CVNA has a Momentum Style Score of B, and shares are up 56.4% over the past four weeks.
For fiscal 2023, six analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $4.47 to $0.71 per share. CVNA boasts an average earnings surprise of 63.9%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, CVNA 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
Carvana Co. (CVNA) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
|
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. The Zacks Style Scores 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. 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."
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The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. How Style Scores Work with the Zacks Rank The Zacks Rank 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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How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio. That's where the Style Scores come in. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B.
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8e1ce006-9b52-4a80-a73e-3db8137b2862
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713312.0
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2023-12-12 00:00:00 UTC
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Centrais Eletricas Brasileiras S.A. - ADR Shares Climb 0.2% Past Previous 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/centrais-eletricas-brasileiras-s.a.-adr-shares-climb-0.2-past-previous-52-week-high-market
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nan
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nan
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Centrais Eletricas Brasileiras S.A. - ADR (EBR) shares closed 0.2% higher than its previous 52 week high, giving the company a market cap of $19B. The stock is currently up 4.0% year-to-date, up 5.0% over the past 12 months, and up 46.8% 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 48.4% 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 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
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 155.5%
The company's stock price performance over the past 12 months beats the peer average by 63.8%
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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Centrais Eletricas Brasileiras S.A. - ADR (EBR) shares closed 0.2% higher than its previous 52 week high, giving the company a market cap of $19B. 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 , 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 Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 155.5% The company's stock price performance over the past 12 months beats the peer average by 63.8%
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Centrais Eletricas Brasileiras S.A. - ADR (EBR) shares closed 0.2% higher than its previous 52 week high, giving the company a market cap of $19B. 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 Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 155.5% The company's stock price performance over the past 12 months beats the peer average by 63.8%
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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 Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 155.5% The company's stock price performance over the past 12 months beats the peer average by 63.8% 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 48.4% higher than the 20-day average. 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 Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 155.5% The company's stock price performance over the past 12 months beats the peer average by 63.8%
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e43196bd-3db8-468c-b387-e9c42ee5cc4d
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713313.0
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2023-12-12 00:00:00 UTC
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Why Merit Medical (MMSI) is a Top Momentum Stock for the Long-Term
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DCOMP
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https://www.nasdaq.com/articles/why-merit-medical-mmsi-is-a-top-momentum-stock-for-the-long-term
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nan
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nan
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For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores?
The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is 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
While good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
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.
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: Merit Medical (MMSI)
South Jordan, UT-headquartered Merit Medical Systems, Inc. provides various peripheral and cardiac intervention products to cure cardiac conditions specific to interventional cardiology and electrophysiology.
MMSI is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Medical stock. MMSI has a Momentum Style Score of A, and shares are up 0.5% over the past four weeks.
For fiscal 2023, five analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.08 to $2.96 per share. MMSI boasts an average earnings surprise of 14.4%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, MMSI 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
Merit Medical Systems, Inc. (MMSI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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. 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. Click to get this free report Merit Medical Systems, Inc. (MMSI) : 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, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
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What are the Zacks Style Scores? That's where the Style Scores come in. MMSI is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
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100cbb6a-6af0-4059-813a-bcce94502492
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713314.0
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2023-12-12 00:00:00 UTC
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Here's Why Ross Stores (ROST) is a Strong Momentum Stock
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DCOMP
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https://www.nasdaq.com/articles/heres-why-ross-stores-rost-is-a-strong-momentum-stock-1
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nan
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nan
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores?
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 assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
For value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth Score
Growth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
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: Ross Stores (ROST)
Based in Dublin, CA, Ross Stores Inc. operates as an off-price retailer of apparel and home accessories, primarily in the United States. The company operates its stores under the Ross Dress for Less (Ross) and dd’s DISCOUNTS names. The company’s stores are located mostly in community and neighborhood shopping centers in heavily populated urban and suburban areas.
ROST is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Retail-Wholesale stock. ROST has a Momentum Style Score of B, and shares are up 12% over the past four weeks.
11 analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.13 to $5.36 per share. ROST boasts an average earnings surprise of 7.8%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, ROST 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
Ross Stores, Inc. (ROST) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. 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. As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
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The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. 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." Click to get this free report Ross Stores, Inc. (ROST) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days. How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
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What are the Zacks Style Scores? 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. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B.
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5fdad248-69ac-4135-991d-d41ad6827321
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713315.0
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2023-12-12 00:00:00 UTC
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Atlassian (TEAM) Laps the Stock Market: Here's Why
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DCOMP
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https://www.nasdaq.com/articles/atlassian-team-laps-the-stock-market%3A-heres-why
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nan
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nan
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In the latest market close, Atlassian (TEAM) reached $202, with a +1.72% movement compared to the previous day. This move outpaced the S&P 500's daily gain of 0.46%. Elsewhere, the Dow saw an upswing of 0.48%, while the tech-heavy Nasdaq appreciated by 0.7%.
Coming into today, shares of the company had gained 13.45% in the past month. In that same time, the Computer and Technology sector gained 4.16%, while the S&P 500 gained 4.85%.
The upcoming earnings release of Atlassian will be of great interest to investors. It is anticipated that the company will report an EPS of $0.61, marking a 35.56% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $1.02 billion, reflecting a 16.81% rise from the equivalent quarter last year.
TEAM's full-year Zacks Consensus Estimates are calling for earnings of $2.39 per share and revenue of $4.13 billion. These results would represent year-over-year changes of +24.48% and +16.85%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for Atlassian. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 5.88% higher. As of now, Atlassian holds a Zacks Rank of #3 (Hold).
Digging into valuation, Atlassian currently has a Forward P/E ratio of 82.95. This valuation marks a premium compared to its industry's average Forward P/E of 37.51.
It's also important to note that TEAM currently trades at a PEG ratio of 4.15. 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. The average PEG ratio for the Internet - Software industry stood at 1.73 at the close of the market yesterday.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 29, this industry ranks in the top 12% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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
Atlassian Corporation PLC (TEAM) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In the latest market close, Atlassian (TEAM) reached $202, with a +1.72% movement compared to the previous day. At the same time, our most recent consensus estimate is projecting a revenue of $1.02 billion, reflecting a 16.81% rise from the equivalent quarter last year. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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In the latest market close, Atlassian (TEAM) reached $202, with a +1.72% movement compared to the previous day. At the same time, our most recent consensus estimate is projecting a revenue of $1.02 billion, reflecting a 16.81% rise from the equivalent quarter last year. Click to get this free report Atlassian Corporation PLC (TEAM) : Free Stock Analysis Report To read this article on Zacks.com click here.
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With its current Zacks Industry Rank of 29, this industry ranks in the top 12% of all industries, numbering over 250. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within 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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Coming into today, shares of the company had gained 13.45% in the past month. With its current Zacks Industry Rank of 29, this industry ranks in the top 12% of all industries, numbering over 250. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research?
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b7e28d4c-9bd1-4783-99df-c6ae498ac905
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713316.0
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2023-12-12 00:00:00 UTC
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Is Bristol Myers Squibb Stock a Buy Now?
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DCOMP
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https://www.nasdaq.com/articles/is-bristol-myers-squibb-stock-a-buy-now-1
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nan
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nan
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It's been an abysmal year for Bristol Myers Squibb (NYSE: BMY) and its shareholders. The company's shares are down by nearly 30% year to date. That starkly contrasts with the broader market, which has rebounded this year. Bristol Myers is facing several issues, most notably generic competition for some of its former best-selling therapies.
That's one of the biggest challenges drugmakers can encounter, but after the recent sell-off, some might think that the price is finally right and it is time to click the "buy" button on Bristol Myers. Is that the case? Let's dig in a little deeper and find out.
BMY data by YCharts
Recent results aren't great, but should improve
As one would expect from a company dealing with patent cliffs, Bristol Myers' earnings haven't been solid. In the third quarter, revenue declined by 2% year over year to about $11 billion, while adjusted earnings climbed by just 1% to $2 per share from a year ago. That's not great, but it's important to look a bit deeper.
Bristol Myers' cancer therapy Revlimid, which lost patent exclusivity last year (it was the biotech's best-selling product before) is still having a massive impact on financial results. Revlimid's sales declined by 41% year over year in the period to $1.4 billion, or a non-negligible 13% of the company's top line.
Given that a single drug which still accounts for this much of the company's revenue is seeing its sales drop off, one might have thought that Bristol Myers' top line would be declining much more than just 2% year over year. The company has been able to keep things afloat -- more or less -- partly thanks to older medicines that are still growing their sales.
The more exciting aspect here is Bristol Myers' portfolio of brand-new medicines approved starting in 2019. They don't make up much of the company's revenue yet. In the third quarter, these nine products racked up a combined $928 million in sales, far less by Revlimid by itself. But note that these medicines grew their sales by 68% year over year.
It might take a few years, but eventually, these medicines should fill in the gap left by Revlimid -- and then some. This means Bristol Myers' top line will likely return to growth. The biotech expects more than $25 billion in risk-adjusted sales from its new portfolio by 2030.
Naturally, that will also depend on potential label expansions. And elsewhere, Bristol Myers won't stop innovating. The company's pipeline looks strong, with more than 45 clinical compounds in development and several dozen ongoing clinical trials, including some targeting brand-new approvals.
What does all this mean for investors? Patent cliffs are nothing new for drugmakers, and Bristol Myers is handling it relatively well. Once things stabilize for the company, its financial results and stock market performances should improve.
A reasonable valuation and a solid dividend
There is a silver lining to Bristol Myers' terrible performance in 2023. The company's shares look reasonably valued at current levels, at least going by its forward price-to-earnings (P/E) ratio. The biotech's current forward P/E is only 6.7, which looks dirt cheap compared to the biotech industry's average of 14.9. The market seems somewhat bearish on the company, which makes sense as long as all we're considering is the near term.
But for patient investors willing to hold Bristol Myers' shares for five years or more, getting in at current levels might be a steal, not only because its underlying business, though not perfect right now, should strengthen, but also because of its dividend. Bristol Myers currently offers a highly competitive yield of 4.70%. The S&P 500's average is 1.62%. Moreover, Bristol Myers has increased its dividend per share by 46% in the past five years.
The company's cash payout ratio of 40.5% is reasonable and suggests more than enough room to cover its current dividend program. Dividends matter to long-term investors as reinvesting them will boost returns over long periods.
Bristol Myers might not be a stock for everyone. People looking for high-growth companies should look elsewhere. But the biotech can offer a lot to those looking for a blue chip dividend stock. Investors in the market for such stocks can comfortably add shares of Bristol Myers Squibb to their portfolios.
10 stocks we like better than Bristol Myers Squibb
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*Stock Advisor returns as of December 4, 2023
Prosper Junior Bakiny has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bristol Myers Squibb. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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That's one of the biggest challenges drugmakers can encounter, but after the recent sell-off, some might think that the price is finally right and it is time to click the "buy" button on Bristol Myers. Bristol Myers' cancer therapy Revlimid, which lost patent exclusivity last year (it was the biotech's best-selling product before) is still having a massive impact on financial results. But for patient investors willing to hold Bristol Myers' shares for five years or more, getting in at current levels might be a steal, not only because its underlying business, though not perfect right now, should strengthen, but also because of its dividend.
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BMY data by YCharts Recent results aren't great, but should improve As one would expect from a company dealing with patent cliffs, Bristol Myers' earnings haven't been solid. Bristol Myers' cancer therapy Revlimid, which lost patent exclusivity last year (it was the biotech's best-selling product before) is still having a massive impact on financial results. The more exciting aspect here is Bristol Myers' portfolio of brand-new medicines approved starting in 2019.
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Given that a single drug which still accounts for this much of the company's revenue is seeing its sales drop off, one might have thought that Bristol Myers' top line would be declining much more than just 2% year over year. But for patient investors willing to hold Bristol Myers' shares for five years or more, getting in at current levels might be a steal, not only because its underlying business, though not perfect right now, should strengthen, but also because of its dividend. Investors in the market for such stocks can comfortably add shares of Bristol Myers Squibb to their portfolios.
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Revlimid's sales declined by 41% year over year in the period to $1.4 billion, or a non-negligible 13% of the company's top line. Bristol Myers might not be a stock for everyone. Investors in the market for such stocks can comfortably add shares of Bristol Myers Squibb to their portfolios.
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32d6ba26-14a3-45d9-986c-5c8066af6ee7
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713317.0
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2023-12-12 00:00:00 UTC
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Cigna (CI) Stock Falls Amid Market Uptick: What Investors Need to Know
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DCOMP
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https://www.nasdaq.com/articles/cigna-ci-stock-falls-amid-market-uptick%3A-what-investors-need-to-know
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nan
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nan
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Cigna (CI) ended the recent trading session at $296.71, demonstrating a -1.74% swing from the preceding day's closing price. This move lagged the S&P 500's daily gain of 0.46%. On the other hand, the Dow registered a gain of 0.48%, and the technology-centric Nasdaq increased by 0.7%.
The the stock of health insurer has risen by 2.67% in the past month, lagging the Medical sector's gain of 4.8% and the S&P 500's gain of 4.85%.
The investment community will be paying close attention to the earnings performance of Cigna in its upcoming release. It is anticipated that the company will report an EPS of $6.52, marking a 31.45% rise compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $48.82 billion, up 6.72% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $24.82 per share and revenue of $192.81 billion, which would represent changes of +6.66% and +6.74%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Cigna. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.01% lower. Cigna is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note Cigna's current valuation metrics, including its Forward P/E ratio of 12.17. This represents a discount compared to its industry's average Forward P/E of 16.85.
We can additionally observe that CI currently boasts a PEG ratio of 1.09. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Medical - HMOs industry was having an average PEG ratio of 1.15.
The Medical - HMOs industry is part of the Medical sector. This industry, currently bearing a Zacks Industry Rank of 62, finds itself in the top 25% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
Zacks Names "Single Best Pick to Double"
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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.
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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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Cigna (CI) ended the recent trading session at $296.71, demonstrating a -1.74% swing from the preceding day's closing price. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system. 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 the stock of health insurer has risen by 2.67% in the past month, lagging the Medical sector's gain of 4.8% and the S&P 500's gain of 4.85%. Over the past month, the Zacks Consensus EPS estimate has moved 0.01% lower. Click to get this free report Cigna Group (CI) : 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 $24.82 per share and revenue of $192.81 billion, which would represent changes of +6.66% and +6.74%, respectively, from the prior year. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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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Cigna (CI) ended the recent trading session at $296.71, demonstrating a -1.74% swing from the preceding day's closing price. It is anticipated that the company will report an EPS of $6.52, marking a 31.45% rise compared to the same quarter of the previous year. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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2023-12-12 00:00:00 UTC
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Author Andy McAfee Provides Insight for Stock-Pickers
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Andy McAfee is a principal research scientist at the MIT Sloan School of Management and author of a number of books, including The Geek Way. Motley Fool host Mary Long caught up with McAfee to discuss how culture shapes companies -- and brings about impressive returns along the way.
They discuss:
The power of "geekiness."
How Satya Nadella turned Microsoft around.
And why Amazon wants to see billion-dollar failures.
To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. A full transcript follows the video.
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Andy McAfee: Anyone who owns Amazon's stock would prefer for it not to have billion dollar failures but our prime goal is are they creating value or should we value them more highly over time? Yes, Bezos' point is a part of that. Is this willingness to take risks and do things that are not going to pan out and the scale at which you do that, at which you take those risks, needs to grow with the scale of the company? Amazon's a massive company now. Bezos said, if we're not incubating multi billion dollar failures we're not seeking enough we're not trying hard enough to deeply innovate.
Mary Long: I'm Mary Long, and that's Andy McAfee, a principal research scientist at the MIT Sloan School of Management. He's also the author of multiple books, including most recently, The Geek Way, The Radical Mindset That Drives Extraordinary Results. I caught up with McAfee to talk about why investors should pay attention to geeky companies. We discuss how Satya Nadella saved Microsoft from sclerosis, why communicating less may actually be a good thing, and how Amazon's ownership culture led to the start of an entire industry now worth hundreds of billions of dollars. You describe the path to geek dumb in the book as being fourfold. It's embodied by deeply valuing science, ownership, speed, and openness. How can investors, so outsiders to these companies, how can they spot those qualities in companies that they're interested in?
Andy McAfee: It's such a great question because it's hard. Because I'm talking about a company's culture and our ways to assess and detect a company's culture are weak. These four things that you described; science, ownership, speed, and openness, those are norms. Those are behaviors that the people around you expect out of you. We don't have a norm detector. I invent a hypothetical one in the book. We don't have norm detectors. As an investor, it's very hard to know what the ground truth is in a company about its culture and about its norms. Reading the annual report is a deeply lousy way to do that because that's written by a very different group of people. Luckily, we are finally getting better tools to understand what a company's culture is actually like. In one of the chapters of the book where I'm making my argument, I rely heavily on this really fascinating body of research called The Culture 500 Research. Where a couple colleagues of mine at MIT, Don and Charlie Soul, two brothers, said, wait a minute, we have a lot of people talking online about their company's cultures in a free text, say whatever you want way, think about glass door reviews and they said what we can do is use machine learning. We can train a machine learning system to extract what the person is talking about in their review of the company where they work, and are they talking about it in favorable or unfavorable terms? Now, this isn't perfect, but nothing's perfect. This is a really cool way to systematically and consistently assess companies cultures. When you do that, the companies that I'm talking about and that I studied companies in what we call the tech space, although I hate that label, clustered in on the West Coast, primarily in Northern California. They jump off the page in terms of what people say about their agility, their innovation, and their execution ability. We used to think you could pick maybe two out of those three. But according to people who work at these companies, these companies are doing all three. We're getting better ways to assess culture and those more objective assessments line up, I believe, with where a huge amount of the value creation has been happening.
Mary Long: That value creation I think is illustrated. This might sound like an easy example, but in Amazon, which you cite as a premier example of ownership culture, and that despite the fact that it's one of the largest companies in the world and could in another world be plagued by bureaucracy. Bezos has a commitment to ownership culture and that leads not only to the development of a new business unit for the company, but effectively to the creation of the Cloud computing industry. Could you tell us that story of how that came to be?
Andy McAfee: It's such a wild story and I didn't know it before I started researching the book. Mary, I'm with you. Amazon has a profound culture of ownership. I think it's the first of their leadership principles that they articulate and Bezos and now I think Andy Jesse, are working very hard not to let bureaucracy creep in because that's what happens by default, it comes in like barnacles on the hull of a ship or kudzu on a tree. They fight against that super hard. But what I didn't know was that early in its history, Amazon was by design, a super top heavy bureaucracy. This was Bezos' first vision for how to do innovation. You submitted your proposed innovation to this set of committees that would pass judgment on it, and if it passed all the reviews, they would give you the resources that you need. If you didn't make that cut. Maybe you escaped having to provide resources to somebody else, or maybe you didn't get your request filled and you had to go provide resources to somebody else in addition to hitting all of your own targets. This was misery. People hated it at Amazon and Bezos, to his great credit, did about 180 degree shift and said, nope, if we want innovation we cannot manage it in this way. What we're learning is how to kill innovation. That sparked this movement at Amazon to have a very modular, very decoupled organization with very autonomous independent units.
As you point out, building a technology stack that could enable that was uncertain at the time. Didn't know if you could do that in a sizable company. They did. It led directly to AWS and to the birth of the Cloud, this very modular systems oriented architecture. Then they also had to decouple organizationally. They found that though teams that worked hardest, this is where two pizza teams came from. The teams that worked hardest on reducing their dependencies with the rest of the organization early on were the ones that had the best results later. What you wind up with is this directed swarm of companies. Think about a drone swarm all going after the target together. Amazon strikes me that way and there's a really good technology analyst. I'm sure a lot of your listeners follow Benedict Evans. He's fantastic. You get this great paragraph that I quote in The Geek Way. He said," Amazon is a machine for building more Amazons." I think that's if you can pull that off, that's really powerful because then you're just plugging more stuff in and letting the good stuff grow.
Mary Long: You mentioned that 180 degree shift from the way that things were at Amazon and then realizing that that was stifling innovation and pivoting to something new. Microsoft is another great example you give in the book of a company that swings back and forth on this pendulum of geekiness. That starts out really excelling in a lot of those categories that you mentioned and then is just wrecked by sclerosis and then manages to come back from that. How does that happen?
Andy McAfee: Not without a huge amount of leadership. I think what Satya Nadella has accomplished at Microsoft is up there. Neck and neck. I don't know if it's ahead or behind. It's at least neck and neck with what Steve Jobs did when he came back to Apple, took very different paths. But in terms of a corporate turnaround and unlocking crazy amounts of value, I can't think of anybody else that belongs in that league with Nadella and Microsoft. Because if some of your listeners are old enough to remember the first decade of this century, Microsoft was dead in the water. They were a large, profitable company. Their stock price was absolutely flat. They were and also ran in the industry. When you looked inside, there's very good reporting about Microsoft in these days. They were a massive sclerotic bureaucracy that killed good ideas for a living, and the in fighting and the politics was crazy.
Nadella inherits that when he becomes CEO in 2014. What he's done in not even a decade is pivot this gigantic company. I had the chance to interview him for the book and as I was listening to him, he's ticking off all the things that are in this geek playbook. Embracing decision making based on evidence, that's science. Being more agile, embracing agile methods for managing big projects, that's speed. Devolving authority, getting roadblocks out of the way, removing the need to ask permission from all gatekeepers inside the company, that's ownership. Then finally, and this might be the most clever thing of all, working to make a place where vulnerability, where not being right or not knowing the answer or not always having the perfect response at the tip of your tongue at a meeting, well that's actually OK. That is the opposite of the defensiveness that exists at most companies, and that was the rule of the day at Microsoft early on. As I was listening to Nadella and furiously trying to take notes, I kept on saying to myself, this is speed, this is ownership, this is openness, this is doing the stuff that geeks believe in.
Mary Long: Your book got me to think about communication a bit differently. Because I think there's a temptation to think all communication is good. What. The Geek Way emphasizes is, actually talking oftentimes gets in the way of doing. But you mentioned the Agile method. There's still communication happening, and the agile method is a great example of this. A lot of that communication is visual, it's not gatekeeping information or having a conversation just for the sake of talking.
Andy McAfee: Not running it by somebody. It's delivering something to them and seeing if it works or not. It's very outcome based, results based. Mary, I'm with you. This was one of the weirdest things that realizations that I came to as I was researching the book. This mania for coordination and communication and cross functional collaboration and all this stuff, we do way too much of it. Now, some of it's a good idea, but we got way too fond of it over the course of the industrial era because it just provides more opportunities to block progress, more opportunities to slow things down, more chances to grab turf and to become important. Because you got to run the idea by me either in a hard way or a soft way. There's plenty of soft bureaucracy out there. And what the geeks are doing is when they take this inherently modular approach and letting small teams do what they go do and iterate and try to accomplish big goals. An important part of that is stop as much of the coordination.
Can I run this by you? Is this OK with you? They do a huge amount less of that. I talked to Sebastian Thron, who's just an Alpha geek entrepreneur, innovator, scientist, and he said, I tell my teams to stop all the communicating. He had this great image. He said, a team's working on something fantastic. Then they decide they want to run it up the management flagpole and then back down. By the time it comes back down, it has so much added to it because everybody wants to add to it and make their own participation visible that it's almost unrecognizable, doesn't bear any relation to what they started with. If you spent any time in organizations, this happens all the time and the geeks are trying to not, they can't eliminate it entirely. It's not that communication is bad, but communication just for the sake of it and hey, let's make sure we're all coordinated. They do a lot less of that.
Mary Long: There's a lot of emphasis on the book as well on the importance of failure and shipping things before they're ready. Being unafraid to ideate and change and pivot, even if that pivot means completely abandoning the original idea. Do you have a favorite pivot story from a company that you've studied?
Andy McAfee: As I was researching, I learned how many really successful tech companies now started as something completely different. A weird number of them started as online games of some kind. YouTube was originally a dating site. I had no idea. I think Instagram started as a game. You hear these stories and the lore of the pivot in Silicon Valley. You can overdo it and the sitcom Silicon Valley made fun of it, but here's the thing. It's the opposite of defensiveness. It's the opposite of clinging to the status quo and saying, no, we're right. We just have to work a little bit harder. I need more resources. I need more time. My idea is right. That's the default. That's the norm. We humans don't want to admit that we're wrong. We have a very strong status quo bias. We are inherently defensive. I would much rather overemphasize the pivot than underemphasize it, because I think we've been underemphasizing it for all of corporate history until now and this notion that you're going to be wrong a lot if you're trying to accomplish big things in an uncertain environment. Not that failure is our goal, but failure is a thing that is going to happen on our way to our goal and we're not going to punish it. In some cases we're actually going to celebrate it and we want to build a company that is OK swinging for the fences, missing, pivoting, trying not to be so defensive. In addition to which, I think they're better places to work. I think non-defensive organizations are better places to work because they're not full of people digging in their heels and protecting their turf and trying at all costs not to ever lose budget headcount status, whatever. There's a lot of that going on and it's not very much fun.
Mary Long: There's another point in the book, and you quote Jeff Bezos, which I believe it's from an old Amazonearnings callin which he talks about how failures ought to grow at the same scale of the company. He said that he expects and hopes to one day see Amazon make multi-billion dollar failures. I think for investors, that's a really interesting point to focus on. How much should we look at the costs of failure, like actual losses, as indicators of success and the future and foundation?
Andy McAfee: One way to do that is to look at the company's track record over a decent length of time. All of us, anyone who owns Amazon stock would prefer for it not to have billion dollar failures. But our prime goal is are they creating value? Should we value them more highly over time? Yes. Bezos's point is a part of that. Is this willingness to take risks and do things that are not going to pan out and the scale at which you do that, at which you take those risks, needs to grow with the scale of the company? Amazon's a massive company now. Bezos said, if we're not incubating multi-billion dollar failures, we're not being risk seeking enough, we're not trying hard enough to deeply innovate. I think we have just seen a multi-billion dollar failure with Alexa up to now which was not lighting the world on fire and now in this era of generative AI. The money they've spent training all those Alexa skills, man does that look like money that was not well spent. Now again, all of us who own Amazon stock would prefer for that not to be the case. But what I really want is for Amazon to maintain its innovation engine. That involves failure.
Mary Long: The book is effectively case study after case study of these companies that embody geekiness, and many of which we've talked about just now, so Netflix, Hubspot, Google, Amazon, SpaceX, etc. What else do you think these organizations have to learn? They've got geekiness down. What's next?
Andy McAfee: They have to learn how to stay healthier later into middle age. The conclusion of the book is actually one of my favorite chapters, because I realized, as I was interviewing all these Alpha geeks, and as you know, Silicon Valley is not full of incredibly modest people and a lot of the people I talked to had accomplished very impressive things. They're confident in a lot of their opinions but when I asked them, do you think that we have figured out finally how to build sustainably successful companies? They all laughed at me. If I said, do you think the companies in the tech base that are on top now are guaranteed to stay on top? They really looked at me with pity because it was such a dumb question and they said no, and there are a couple reasons. One is competition is nasty. Competition can be tough. The example I give is if a start up announces a real commercial scale quantum computing tomorrow, a whole lot of incumbrents are in trouble but that might not even be the biggest force. There are internal forces in organizations that ruin them. Two, that seem particularly relevant to me. Number 1, is an overconfident leader, and people who are successful build up a lot of confidence.
We humans are innately overconfident. We are inherently overconfident because it's good for us. It improves our standing in the group. After you've done a few amazing things, you start to think that by definition the things that you do are amazing. We look at Elon with Twitter right now, or whatever we're supposed to call it. I think we're seeing a case study of an overconfident leader play out. Zuckerberg was so convinced in the Metaverse that he spent billions and billions of dollars on it. That appears not to be money well spent. Overconfidence at the top is alive and well and it will kill a company. I think even the deeper problem though is the fact that the interests of a company are not inherently aligned with the interests of the people that make up the company. Those divergences can grow, you can get into factions, you can get into different flavors of in fighting and political turf, and you can watch companies just tear themselves apart from the inside with no outside force doing that. It's almost a permanent feature of human organizations. I don't think we've unlocked how to never have that happen anymore.
Mary Long: Your book was striking to me because on the one hand it's about individuals. How founders and leaders are largely responsible for shaping the culture of a company, but on the other hand, it's about companies. It's about multiple people, and the people that actually make up that culture that's being fed to them. It comes at an interesting time because we're talking so much about wild minds. That's a phrase that I'm stealing from Morgan Housel. This single individual that we were prone to thinking of as the reason for something happening, your book says, well, it's not about the single wild mind, it's about the many minds who sign on to a mission and about how as a unit, we can build a space where that mission is allowed to thrive.
Andy McAfee: Completely. Thank you for bringing that up. I think my community of people who study businesses has had the wrong unit of analysis to the wrong focal point. We focus way too much on individuals. We focus on them as the engines of change, and we focus on them as the way to make things better. If you made a bad decision, read a few books on better decision making, become a more rational person. If there's bad behavior going on at the company, send everybody off to ethics training. We default to thinking about the individual as the unit of analysis and where to effect change. I think that's wrong. Now, people can change and we need to work on people. Groups are where the action actually is. We humans shape our behavior consciously and particularly subconsciously, based on what's going on around us. We pick up signals. Again, with explicit implicit signals, we adjust our behavior in all kinds of ways. You remember one of the iconic studies in psychology was when they put some poor unsuspecting person in a room with people and flashed a bunch of simple pictures on a screen and said, which of these two lines is longer and one was clearly longer than the other. Everybody in the room goes, it's line A. Then everybody else accept the poor subject, as part of the experiment. They started saying that the line that was clearly shorter was longer. Most people changed their opinion even though they knew that it was wrong just to get along with a group of strangers. We humans are so susceptible, shapable, influenceable by our group environments that I think the group is where the action is which is why the book is not about four things that you can do. It's about four group level behaviors, four norms that you really want to be part of, and help inculcate, and help stay strong in an organization over time. I'm not saying we should ignore the individual level. We got to think about the group. The group is where the action is for us human beings.
Mary Long: I want to talk a bit about your work at the MIT Initiative on the Digital Economy. First off, is there anything that the digital economy doesn't touch in today's world?
Andy McAfee: No. But we can't just call it the initiative on the economy. The point that Erik, Nelson and I when we started, Nelson Nanirall who's the director of the Center Make is look, these digital technologies are having a huge impact on fill-in-the-blank aspect of the economy, whether it's jobs, or wages, or business models or social contagion like we were just talking about, digital technologies are incredibly important. We need to study them and we need to have academic homes for that work.
Mary Long: Is there a digital technology that you're most excited about right now?
Andy McAfee: Super excited about generative AI.
Mary Long: Does the answer change if I say you can't say AI?
Andy McAfee: Then I would say one that's not here yet, that's not commercial yet. We are going to get quantum computing in our lifetimes, and I think it's a matter of years, not decades, although opinion varies on that. When we get that, scary things and amazing things are going to happen. The scary thing is, holy cow, we have to rethink our entire approach to digital privacy and security, and we might have to do it quickly, especially if one of our geopolitical adversaries gets quantum computing first. This is scary and we need to start preparing for that now. The amazing stuff is that we are going to be able to peer more deeply into nature and simulate it and understand it in ways that we absolutely can't do right now. Our computers just don't have the horsepower to simulate properly, very simple chemical reactions, for example. Richard Feinerman pointed this out, I believe in the '80s. This was actually the spark for quantum computing. It wasn't privacy and security. It was, we don't understand how photosynthesis happens. But boy, would it be cool if we could figure out photosynthesis? Imagine the energy transition just being finished that way. I think it's incredibly cool. Not least of all because it's just so weird. Nothing makes sense in the world of quantum, and yet we're harnessing phenomena that we profoundly don't understand. I find that cool.
Mary Long: As always, people on the program may have interest in the stocks they talk about, and the Motley Fool may have formal recommendations for or against, so don't buy or sell stocks based solely on what you hear. I'm Mary Long. Thanks for listening. We'll see you tomorrow
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Mary Long has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, HubSpot, Microsoft, and Netflix. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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We discuss how Satya Nadella saved Microsoft from sclerosis, why communicating less may actually be a good thing, and how Amazon's ownership culture led to the start of an entire industry now worth hundreds of billions of dollars. Where a couple colleagues of mine at MIT, Don and Charlie Soul, two brothers, said, wait a minute, we have a lot of people talking online about their company's cultures in a free text, say whatever you want way, think about glass door reviews and they said what we can do is use machine learning. I think non-defensive organizations are better places to work because they're not full of people digging in their heels and protecting their turf and trying at all costs not to ever lose budget headcount status, whatever.
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Andy McAfee is a principal research scientist at the MIT Sloan School of Management and author of a number of books, including The Geek Way. Motley Fool host Mary Long caught up with McAfee to discuss how culture shapes companies -- and brings about impressive returns along the way. Mary Long: I'm Mary Long, and that's Andy McAfee, a principal research scientist at the MIT Sloan School of Management.
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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. Mary Long: The book is effectively case study after case study of these companies that embody geekiness, and many of which we've talked about just now, so Netflix, Hubspot, Google, Amazon, SpaceX, etc. Mary Long: As always, people on the program may have interest in the stocks they talk about, and the Motley Fool may have formal recommendations for or against, so don't buy or sell stocks based solely on what you hear.
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But according to people who work at these companies, these companies are doing all three. Andy McAfee: It's such a wild story and I didn't know it before I started researching the book. It's about four group level behaviors, four norms that you really want to be part of, and help inculcate, and help stay strong in an organization over time.
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2023-12-12 00:00:00 UTC
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Daqo New Energy Corp - ADR Shares Near 52-Week Low - Market Mover
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Daqo New Energy Corp - ADR (DQ) shares closed today at 1.8% above its 52 week low of $21.97, giving the company a market cap of $1B. The stock is currently down 42.7% year-to-date, down 53.7% over the past 12 months, and up 336.4% 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 25.0% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.5.
Technical Indicators
The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.
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 , 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 171.7%
The company's stock price performance over the past 12 months lags the peer average by 189.2%
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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Daqo New Energy Corp - ADR (DQ) shares closed today at 1.8% above its 52 week low of $21.97, giving the company a market cap of $1B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.5. 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 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 Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by 171.7% The company's stock price performance over the past 12 months lags the peer average by 189.2%
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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 under 30, indicating it may be underbought. 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 Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by 171.7% The company's stock price performance over the past 12 months lags the peer average by 189.2%
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Technical Indicators The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. 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 Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by 171.7% The company's stock price performance over the past 12 months lags the peer average by 189.2% This story was produced by the Kwhen Automated News Generator.
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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 under 30, indicating it may be underbought. 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 Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by 171.7% The company's stock price performance over the past 12 months lags the peer average by 189.2%
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ec156106-104c-4349-9b3e-1f1b1876d3c5
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713320.0
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2023-12-12 00:00:00 UTC
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American Equity Investment Life Holding Co Shares Near 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/american-equity-investment-life-holding-co-shares-near-52-week-high-market-mover-4
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nan
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nan
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American Equity Investment Life Holding Co (AEL) shares closed today at 0.5% below its 52 week high of $55.75, giving the company a market cap of $4B. The stock is currently up 21.2% year-to-date, up 36.1% over the past 12 months, and up 90.0% 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 43.1% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.8.
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 beats 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 lags the peer average by -18.5%
The company's stock price performance over the past 12 months beats the peer average by 38.1%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -22.7% 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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American Equity Investment Life Holding Co (AEL) shares closed today at 0.5% below its 52 week high of $55.75, giving the company a market cap of $4B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.8. 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 beats 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 lags the peer average by -18.5% The company's stock price performance over the past 12 months beats the peer average by 38.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -22.7% 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 43.1% lower than the 20-day average. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats 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 lags the peer average by -18.5% The company's stock price performance over the past 12 months beats the peer average by 38.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -22.7% 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 beats 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 lags the peer average by -18.5% The company's stock price performance over the past 12 months beats the peer average by 38.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -22.7% 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 , 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 beats 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 lags the peer average by -18.5% The company's stock price performance over the past 12 months beats the peer average by 38.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -22.7% lower than the average peer.
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8f7f3f16-9ff7-41ba-b102-e230531f2825
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713321.0
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2023-12-12 00:00:00 UTC
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Autozone Inc. Shares Approach 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/autozone-inc.-shares-approach-52-week-high-market-mover
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nan
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nan
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Autozone Inc. (AZO) shares closed today at 1.1% below its 52 week high of $2750.00, giving the company a market cap of $46B. The stock is currently up 7.9% year-to-date, up 8.5% over the past 12 months, and up 199.2% 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 0.5.
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 , 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 beats the peer average by -133.4%
The company's stock price performance over the past 12 months beats the peer average by -135.3%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 66.0% 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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Autozone Inc. (AZO) shares closed today at 1.1% below its 52 week high of $2750.00, giving the company a market cap of $46B. 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 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 beats the peer average by -133.4% The company's stock price performance over the past 12 months beats the peer average by -135.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 66.0% higher than the average peer.
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Autozone Inc. (AZO) shares closed today at 1.1% below its 52 week high of $2750.00, giving the company a market cap of $46B. 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 beats the peer average by -133.4% The company's stock price performance over the past 12 months beats the peer average by -135.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 66.0% 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 beats the peer average by -133.4% The company's stock price performance over the past 12 months beats the peer average by -135.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 66.0% 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 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 beats the peer average by -133.4% The company's stock price performance over the past 12 months beats the peer average by -135.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 66.0% higher than the average peer.
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14026d0b-6894-4f58-89b9-7d05e0adf649
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713322.0
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2023-12-12 00:00:00 UTC
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United Rentals (URI) Laps the Stock Market: Here's Why
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DCOMP
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https://www.nasdaq.com/articles/united-rentals-uri-laps-the-stock-market%3A-heres-why
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nan
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nan
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United Rentals (URI) closed the latest trading day at $509.58, indicating a +0.88% change from the previous session's end. The stock's performance was ahead of the S&P 500's daily gain of 0.46%. Elsewhere, the Dow saw an upswing of 0.48%, while the tech-heavy Nasdaq appreciated by 0.7%.
The the stock of equipment rental company has risen by 9.21% in the past month, lagging the Construction sector's gain of 11.16% and overreaching the S&P 500's gain of 4.85%.
The investment community will be paying close attention to the earnings performance of United Rentals in its upcoming release. It is anticipated that the company will report an EPS of $11.45, marking a 17.56% rise compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $3.64 billion, indicating a 10.3% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $41.07 per share and a revenue of $14.22 billion, demonstrating changes of +26.37% and +22.18%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for United Rentals. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system 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, the Zacks Consensus EPS estimate has moved 0.4% higher. At present, United Rentals boasts a Zacks Rank of #3 (Hold).
In terms of valuation, United Rentals is presently being traded at a Forward P/E ratio of 12.3. This indicates a discount in contrast to its industry's Forward P/E of 17.48.
It is also worth noting that URI currently has a PEG ratio of 0.82. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Building Products - Miscellaneous was holding an average PEG ratio of 1.71 at yesterday's closing price.
The Building Products - Miscellaneous industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 37, placing it within the top 15% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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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United Rentals, Inc. (URI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Meanwhile, the latest consensus estimate predicts the revenue to be $3.64 billion, indicating a 10.3% increase compared to the same quarter of the previous year. 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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United Rentals (URI) closed the latest trading day at $509.58, indicating a +0.88% change from the previous session's end. The Building Products - Miscellaneous was holding an average PEG ratio of 1.71 at yesterday's closing price. Click to get this free report United Rentals, Inc. (URI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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At present, this industry carries a Zacks Industry Rank of 37, placing it within the top 15% of over 250 industries. The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. 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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United Rentals (URI) closed the latest trading day at $509.58, indicating a +0.88% change from the previous session's end. Investors should also pay attention to any latest changes in analyst estimates for United Rentals. At present, United Rentals boasts a Zacks Rank of #3 (Hold).
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1865ea30-ee9f-42d5-8c48-9e28eb2eb7a8
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713323.0
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2023-12-12 00:00:00 UTC
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Houlihan Lokey Inc - Class A Shares Close in on 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/houlihan-lokey-inc-class-a-shares-close-in-on-52-week-high-market-mover
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nan
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nan
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Houlihan Lokey Inc - Class A (HLI) shares closed today at just slightly below its 52 week high of $117.52, giving the company a market cap of $6B. The stock is currently up 36.8% year-to-date, up 27.5% over the past 12 months, and up 221.5% 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 53.9% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.8.
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 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 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 -1042.5%
The company's stock price performance over the past 12 months beats the peer average by -893.3%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 475.7% 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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Houlihan Lokey Inc - Class A (HLI) shares closed today at just slightly below its 52 week high of $117.52, giving the company a market cap of $6B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.8. 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 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 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 -1042.5% The company's stock price performance over the past 12 months beats the peer average by -893.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 475.7% higher 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 53.9% higher than the 20-day average. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and 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 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 -1042.5% The company's stock price performance over the past 12 months beats the peer average by -893.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 475.7% 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 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 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 -1042.5% The company's stock price performance over the past 12 months beats the peer average by -893.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 475.7% 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 , beats 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 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 -1042.5% The company's stock price performance over the past 12 months beats the peer average by -893.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 475.7% higher than the average peer.
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445c1fe2-c6f2-4a59-9713-d2b0642f190b
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713324.0
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2023-12-12 00:00:00 UTC
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Deckers Outdoor Corp. Shares Climb 1.4% Past Previous 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/deckers-outdoor-corp.-shares-climb-1.4-past-previous-52-week-high-market-mover
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nan
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nan
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Deckers Outdoor Corp. (DECK) shares closed 1.4% higher than its previous 52 week high, giving the company a market cap of $18B. The stock is currently up 76.8% year-to-date, up 86.1% over the past 12 months, and up 457.5% 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 12.8% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.8.
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 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 Consumer Staples 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 788.3%
The company's stock price performance over the past 12 months beats the peer average by 616.9%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 106.7% 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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Deckers Outdoor Corp. (DECK) shares closed 1.4% higher than its previous 52 week high, giving the company a market cap of $18B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.8. 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 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 Consumer Staples 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 788.3% The company's stock price performance over the past 12 months beats the peer average by 616.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 106.7% higher than the average peer.
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Deckers Outdoor Corp. (DECK) shares closed 1.4% higher than its previous 52 week high, giving the company a market cap of $18B. 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 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 Consumer Staples 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 788.3% The company's stock price performance over the past 12 months beats the peer average by 616.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 106.7% 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 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 Consumer Staples 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 788.3% The company's stock price performance over the past 12 months beats the peer average by 616.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 106.7% 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 , beats 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 Consumer Staples 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 788.3% The company's stock price performance over the past 12 months beats the peer average by 616.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 106.7% higher than the average peer.
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492d058c-6762-4090-ae9e-cf9202853c8b
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713325.0
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2023-12-12 00:00:00 UTC
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Alamo Group Inc. Shares Near 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/alamo-group-inc.-shares-near-52-week-high-market-mover-0
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nan
|
nan
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Alamo Group Inc. (ALG) shares closed today at 1.6% below its 52 week high of $200.56, giving the company a market cap of $2B. The stock is currently up 36.4% year-to-date, up 31.1% over the past 12 months, and up 153.0% 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 5.2% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.1.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates 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 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 -1260.1%
The company's stock price performance over the past 12 months beats the peer average by -629.1%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 39.6% 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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Alamo Group Inc. (ALG) shares closed today at 1.6% below its 52 week high of $200.56, giving the company a market cap of $2B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.1. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and 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 -1260.1% The company's stock price performance over the past 12 months beats the peer average by -629.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 39.6% higher than the average peer.
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Alamo Group Inc. (ALG) shares closed today at 1.6% below its 52 week high of $200.56, giving the company a market cap of $2B. 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 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 -1260.1% The company's stock price performance over the past 12 months beats the peer average by -629.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 39.6% 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 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 -1260.1% The company's stock price performance over the past 12 months beats the peer average by -629.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 39.6% 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 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 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 -1260.1% The company's stock price performance over the past 12 months beats the peer average by -629.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 39.6% higher than the average peer.
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0eea89fe-05c0-40e7-b549-1a54fa9613d4
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713326.0
|
2023-12-12 00:00:00 UTC
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Williams-Sonoma, Inc. Shares Near 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/williams-sonoma-inc.-shares-near-52-week-high-market-mover-1
|
nan
|
nan
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Williams-Sonoma, Inc. (WSM) shares closed today at 0.9% below its 52 week high of $199.32, giving the company a market cap of $12B. The stock is currently up 69.4% year-to-date, up 66.8% over the past 12 months, and up 302.5% 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 22.6% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.3.
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 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 Consumer Discretionary 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 -469.2%
The company's stock price performance over the past 12 months beats the peer average by -430.5%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 98.3% 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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Williams-Sonoma, Inc. (WSM) shares closed today at 0.9% below its 52 week high of $199.32, giving the company a market cap of $12B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.3. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.
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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 22.6% higher than the 20-day average. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and 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 Consumer Discretionary 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 -469.2% The company's stock price performance over the past 12 months beats the peer average by -430.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 98.3% 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 , beats 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 Consumer Discretionary 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 -469.2% The company's stock price performance over the past 12 months beats the peer average by -430.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 98.3% 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 , beats 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 Consumer Discretionary 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 -469.2% The company's stock price performance over the past 12 months beats the peer average by -430.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 98.3% higher than the average peer.
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ba525747-a630-4247-a83d-782a78795be4
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713327.0
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2023-12-12 00:00:00 UTC
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Deutsche Bank AG - Registered Shares Shares Near 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/deutsche-bank-ag-registered-shares-shares-near-52-week-high-market-mover-0
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nan
|
nan
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Deutsche Bank AG - Registered Shares (DB) shares closed today at 1.3% below its 52 week high of $13.16, giving the company a market cap of $26B. The stock is currently up 15.3% year-to-date, up 25.2% over the past 12 months, and up 52.8% 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 5.2% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.1.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates 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 lags it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date lags the peer average by -43.6%
The company's stock price performance over the past 12 months lags the peer average by -7.8%
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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Deutsche Bank AG - Registered Shares (DB) shares closed today at 1.3% below its 52 week high of $13.16, giving the company a market cap of $26B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.1. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis 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 lags the peer average by -43.6% The company's stock price performance over the past 12 months lags the peer average by -7.8%
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Deutsche Bank AG - Registered Shares (DB) shares closed today at 1.3% below its 52 week high of $13.16, giving the company a market cap of $26B. 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 lags the peer average by -43.6% The company's stock price performance over the past 12 months lags the peer average by -7.8%
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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 lags the peer average by -43.6% The company's stock price performance over the past 12 months lags the peer average by -7.8% 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 , 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 lags the peer average by -43.6% The company's stock price performance over the past 12 months lags the peer average by -7.8%
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f32b1638-5d85-4d4a-9563-9eb32a727b1d
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713328.0
|
2023-12-12 00:00:00 UTC
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Boeing Co. Shares Climb 0.1% Past Previous 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/boeing-co.-shares-climb-0.1-past-previous-52-week-high-market-mover-0
|
nan
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nan
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Boeing Co. (BA) shares closed 0.1% higher than its previous 52 week high, giving the company a market cap of $150B. The stock is currently up 30.5% year-to-date, up 33.5% over the past 12 months, and down 21.7% 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 3.3% 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 , 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 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 beats the peer average by 78.4%
The company's stock price performance over the past 12 months beats the peer average by 76.9%
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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Boeing Co. (BA) shares closed 0.1% higher than its previous 52 week high, giving the company a market cap of $150B. 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 , 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 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 beats the peer average by 78.4% The company's stock price performance over the past 12 months beats the peer average by 76.9%
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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 , 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 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 beats the peer average by 78.4% The company's stock price performance over the past 12 months beats the peer average by 76.9%
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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 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 beats the peer average by 78.4% The company's stock price performance over the past 12 months beats the peer average by 76.9% 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 , 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 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 beats the peer average by 78.4% The company's stock price performance over the past 12 months beats the peer average by 76.9%
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572d11b7-0e2f-49fb-b2ca-0771c02982bd
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713329.0
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2023-12-12 00:00:00 UTC
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Chemed Corp. Shares Close in on 52-Week High - Market Mover
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DCOMP
|
https://www.nasdaq.com/articles/chemed-corp.-shares-close-in-on-52-week-high-market-mover-3
|
nan
|
nan
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Chemed Corp. (CHE) shares closed today at 1.0% below its 52 week high of $590.58, giving the company a market cap of $8B. The stock is currently up 13.2% year-to-date, up 12.2% over the past 12 months, and up 91.0% 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 29.5% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.4.
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 , 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 Health Care 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 133.3%
The company's stock price performance over the past 12 months beats the peer average by 769.4%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -88.7% 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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Chemed Corp. (CHE) shares closed today at 1.0% below its 52 week high of $590.58, giving the company a market cap of $8B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.4. 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 beats it on a 5-year basis The company share price is the same as the performance of its peers in the Health Care 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 133.3% The company's stock price performance over the past 12 months beats the peer average by 769.4% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -88.7% 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 29.5% 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 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 beats it on a 5-year basis The company share price is the same as the performance of its peers in the Health Care 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 133.3% The company's stock price performance over the past 12 months beats the peer average by 769.4% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -88.7% 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 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 beats it on a 5-year basis The company share price is the same as the performance of its peers in the Health Care 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 133.3% The company's stock price performance over the past 12 months beats the peer average by 769.4% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -88.7% 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 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 beats it on a 5-year basis The company share price is the same as the performance of its peers in the Health Care 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 133.3% The company's stock price performance over the past 12 months beats the peer average by 769.4% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -88.7% lower than the average peer.
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32a9dd57-0a93-4735-b051-42acb42a0416
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713330.0
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2023-12-12 00:00:00 UTC
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Prudential Financial Inc. Shares Climb 1.5% Past Previous 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/prudential-financial-inc.-shares-climb-1.5-past-previous-52-week-high-market-mover
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nan
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nan
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Prudential Financial Inc. (PRU) shares closed 1.5% higher than its previous 52 week high, giving the company a market cap of $36B. The stock is currently up 8.5% year-to-date, up 5.2% over the past 12 months, and up 58.7% 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 15.5% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.1.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis
The company share price is the same as the performance of its peers in the 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 beats the peer average by 2172.5%
The company's stock price performance over the past 12 months beats the peer average by 182.5%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 349.7% 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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Prudential Financial Inc. (PRU) shares closed 1.5% higher than its previous 52 week high, giving the company a market cap of $36B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.1. Market Comparative Performance The company's share price is the same as the S&P 500 Index , 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 beats the peer average by 2172.5% The company's stock price performance over the past 12 months beats the peer average by 182.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 349.7% higher than the average peer.
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Prudential Financial Inc. (PRU) shares closed 1.5% higher than its previous 52 week high, giving the company a market cap of $36B. 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 beats the peer average by 2172.5% The company's stock price performance over the past 12 months beats the peer average by 182.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 349.7% 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 beats the peer average by 2172.5% The company's stock price performance over the past 12 months beats the peer average by 182.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 349.7% 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 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 beats the peer average by 2172.5% The company's stock price performance over the past 12 months beats the peer average by 182.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 349.7% higher than the average peer.
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a7a3f025-563a-4770-a06d-3977cfdc3867
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713331.0
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2023-12-12 00:00:00 UTC
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Bull Market Ready: 3 Stocks Set for a Spectacular Surge
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DCOMP
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https://www.nasdaq.com/articles/bull-market-ready%3A-3-stocks-set-for-a-spectacular-surge
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Amidst the volatile drumbeat of the stock market, a seismic surge reverberates within the realms of semiconductor innovation and data center dominion. The article dives deep into the thrilling saga of the three companies, where financial prowess intertwines with strategic acumen, shaping the future trajectory of the information technology frontier. These stocks are taking charge in this bull market.
The first one’s meteoric rise in margins heralds a new era of cost efficiency and groundbreaking semiconductor advancements. The second one’s dramatic expansion plans illuminate staggering growth and operational hurdles in the volatile cryptocurrency mining sphere. Meanwhile, the third one’s global revenue canvas unveils a mosaic of market dynamics across continents, promising lucrative prospects despite transient setbacks.
Read more to embark on a riveting journey through the financial triumphs, expansion blueprints, and market nuances of these tech titans reshaping the landscape of IT stocks.
ACM Research (ACMR)
Source: Pavel Kapysh / Shutterstock.com
To begin with, ACM Research (NASDAQ:ACMR) demonstrated remarkable improvement in gross margin. For instance, reaching 52.9% in Q3 2023 significantly surpassed the expected range of 40% to 45%. The higher-than-expected margin highlights the company’s ability to effectively manage production costs, optimize pricing strategies, and leverage economies of scale, contributing to enhanced profitability.
Similarly, the surge in operating margin to 26% reflects ACMR’s operational efficiency and effective cost management across various facets of its operations. This increased operational margin indicates the company’s capability to generate higher profits per dollar of sales. As a result, the 33% year-over-year increase in net income makes ACM Research a financially robust organization with sustained growth.
Fundamentally, ACM Research’s diverse product lines and the introduction and enhancement of tools in single-wafer cleaning, semi-critical cleaning, furnace, and vacuum cleaning demonstrate the company’s solid leads in the semiconductor industry.
Furthermore, the development of Track and PECVD platforms equipped with proprietary technology underscores ACM Research’s grip on industry demands and technological advancements. These platforms aim to cater to the requirements of next-generation lithography tools. Thus, they are positioning the company as a frontrunner in technological innovation and providing a potential avenue for sustained growth.
For instance, ACM Research has planned approximately $75 million in capital expenditure for 2023. This move signifies the company’s focus on strategic investments and facility expansion. Also, this investment aims to support growth initiatives, enhance production capacities, and establish a stronger foothold in key markets like China, Korea, the United States, and Europe. Therefore, these fundamental developments may support a prolonged surge in the market valuation of ACM Research.
Iris Energy (IREN)
Source: Shutterstock
Iris Energy’s (NASDAQ:IREN) ambitious expansion plans and commitment to scaling its operations significantly contribute to its growth potential. The incremental expansion strategy, progressing in 20-megawatt data center increments, aligns with the company’s vision to swiftly commission new data centers and deploy mining hardware as they become operational.
However, the strategy of mining hardware procurement remains under consideration. Iris Energy is exploring various procurement models, seeking optimal economic structures while maintaining flexibility in hardware acquisition.
On the other hand, the performance for the year ending June 2023 reflects impressive growth for Iris Energy. For instance, the company exhibited a substantial increase in self-mining operating capacity by 390%. This resulted in a remarkable 1,860 additional mined bitcoins for fiscal 2023, totaling 3,259 bitcoins for the year. Thus, this significant growth in mining operations showcases Iris Energy’s capability to scale its mining activities effectively.
However, certain key financial metrics, such as the decrease in the average price realized per bitcoin mined and the increase in average electricity costs per bitcoin mined in fiscal 2023 compared to fiscal 2022, raise questions about the company’s ability to optimize operational costs while expanding its operations.
Interestingly, the factors contributing to these shifts are macro and market dynamics changes that lead to operational inefficiencies and issues in procurement strategies. Favorably, these issues were temporary and will no longer impact profitability.
Finally, Iris Energy’s total other costs increased substantially by $16.5 million from fiscal 2022 to fiscal 2023. However, the increase primarily resulted from commissioning new sites (Prince George, Mackenzie, and Childress) and associated expenses. Therefore, these increased costs may drive revenue growth and operational efficiency over the long term amidst rapid expansion.
Super Micro (SMCI)
Source: Shutterstock
Geographical expansion and revenue distribution are critical in Super Micro’s (NASDAQ:SMCI) growth strategy. Looking at market penetration and global presence, in Q1 fiscal 2024, the company generated 76% of its revenues from the U.S. Meanwhile, Asia contributed 11%, Europe 9%, and the rest of the World 4%. The U.S. market remains the primary revenue driver for Super Micro, which has a stronghold in its home market.
Moving towards trends, Super Micro experienced a significant 25% year-over-year increase in U.S. revenues. This growth trajectory signifies the company’s ability to capture and capitalize on rising demand within the U.S. This is likely due to U.S.-based enterprises and data centers’ increased adoption of advanced computing technologies, especially AI.
However, Asia revenues faced a 17% year-over-year decrease and a 4% sequential decline. Nevertheless, the decline in Asia’s revenue is attributed to temporary, regional economic conditions, supply chain disruptions, or shifts in market demand. Asia remains a crucial market for Super Micro’s expansion plans. Thus, the region has the immense potential of rapidly growing economies and burgeoning tech sectors in countries like China, India, and South Korea.
Moving to Europe, in Q1 2024, the region witnessed a 19% year-over-year decrease and a substantial 16% sequential decline. However, Europe remains an important market for expanding data center infrastructure and increasing demand for advanced computing solutions.
Finally, Super Micro’s revenues from the rest of the world showed a remarkable 63% year-over-year increase and a substantial 38% rise. Over the long term, the revenue boost from these regions may give the company’s market valuation a solid surge.
As of this writing, Yiannis Zourmpanos held a long position in ACMR. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Yiannis Zourmpanos is the founder of Yiazou Capital Research, a stock-market research platform designed to elevate the due diligence process through in-depth business analysis.
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The post Bull Market Ready: 3 Stocks Set for a Spectacular Surge appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The article dives deep into the thrilling saga of the three companies, where financial prowess intertwines with strategic acumen, shaping the future trajectory of the information technology frontier. The higher-than-expected margin highlights the company’s ability to effectively manage production costs, optimize pricing strategies, and leverage economies of scale, contributing to enhanced profitability. Also, this investment aims to support growth initiatives, enhance production capacities, and establish a stronger foothold in key markets like China, Korea, the United States, and Europe.
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The higher-than-expected margin highlights the company’s ability to effectively manage production costs, optimize pricing strategies, and leverage economies of scale, contributing to enhanced profitability. Iris Energy (IREN) Source: Shutterstock Iris Energy’s (NASDAQ:IREN) ambitious expansion plans and commitment to scaling its operations significantly contribute to its growth potential. Therefore, these increased costs may drive revenue growth and operational efficiency over the long term amidst rapid expansion.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Amidst the volatile drumbeat of the stock market, a seismic surge reverberates within the realms of semiconductor innovation and data center dominion. Iris Energy (IREN) Source: Shutterstock Iris Energy’s (NASDAQ:IREN) ambitious expansion plans and commitment to scaling its operations significantly contribute to its growth potential. However, certain key financial metrics, such as the decrease in the average price realized per bitcoin mined and the increase in average electricity costs per bitcoin mined in fiscal 2023 compared to fiscal 2022, raise questions about the company’s ability to optimize operational costs while expanding its operations.
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For instance, ACM Research has planned approximately $75 million in capital expenditure for 2023. Thus, this significant growth in mining operations showcases Iris Energy’s capability to scale its mining activities effectively. Asia remains a crucial market for Super Micro’s expansion plans.
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36611f71-0fd6-46fa-8341-eb2ac9361ecc
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713332.0
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2023-12-12 00:00:00 UTC
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Financials push Australian shares higher; Fed in focus
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DCOMP
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https://www.nasdaq.com/articles/financials-push-australian-shares-higher-fed-in-focus
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nan
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nan
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Dec 13 (Reuters) - Australian shares rose on Wednesday as gains in financial and technology stocks outweighed losses in energy and gold stocks, while investors globally awaited updated economic and interest rate projections from U.S. Federal Reserve officials.
The S&P/ASX 200 index .AXJO rose 0.2% to 7,247.30 by 2340 GMT, in line with gains in U.S. stocks after a stronger-than-expected U.S. inflation report did little to alter views for the timing of a rate cut.
With the U.S. central bank widely expected to keep rates on hold at the end of its monetary policy meeting later in the day, investors will focus on how Fed officials see the economy holding up and where they see interest rates over the coming quarters.
In Australia, investors awaited November employment data due out on Thursday to better gauge risks of further interest rate hikes.
Rate-sensitive financials .AXFJ drove gains on the benchmark stock index, rising 0.5% in what could be their fourth consecutive session of gains. The 'Big Four' banks were up between 0.5% and 0.8%.
Technology stocks .AXIJ climbed as much as 0.9% to hit their highest level since Oct. 13.
Gold stocks .AXGD slid more than 2.2% and were set for their worst session since Dec. 5 if current losses held. Northern Star Resources NST.AX fell 1.3%, while Evolution Mining EVN.AX was down 2.2%.
Energy stocks .AXEJ fell 1%, as crude oil prices struggled against a backdrop of softening demand. Sector heavyweights Woodside Energy WDS.AX and Santos STO.AX declined 0.8% and 0.6%, respectively. O/R
Among individual stocks, Sigma Healthcare SIG.AXsurged more than 76% in record intraday jump, after the company said on Monday it would merge with Chemist Warehouse Group to form a A$8.8 billion ($5.77 billion) entity.
In New Zealand, the benchmark S&P/NZX 50 index .NZ50 rose 0.4% to 11,427.36.
Official data showed the country's current deficit widened in the third quarter. Investors now await the country's third-quarter GDP data due on Dec. 14.
(Reporting by Adwitiya Srivastava in Bengaluru; Editing by Subhranshu Sahu)
((Adwitiya.Srivastava@thomsonreuters.com))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dec 13 (Reuters) - Australian shares rose on Wednesday as gains in financial and technology stocks outweighed losses in energy and gold stocks, while investors globally awaited updated economic and interest rate projections from U.S. Federal Reserve officials. The S&P/ASX 200 index .AXJO rose 0.2% to 7,247.30 by 2340 GMT, in line with gains in U.S. stocks after a stronger-than-expected U.S. inflation report did little to alter views for the timing of a rate cut. In Australia, investors awaited November employment data due out on Thursday to better gauge risks of further interest rate hikes.
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Dec 13 (Reuters) - Australian shares rose on Wednesday as gains in financial and technology stocks outweighed losses in energy and gold stocks, while investors globally awaited updated economic and interest rate projections from U.S. Federal Reserve officials. Rate-sensitive financials .AXFJ drove gains on the benchmark stock index, rising 0.5% in what could be their fourth consecutive session of gains. Energy stocks .AXEJ fell 1%, as crude oil prices struggled against a backdrop of softening demand.
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Dec 13 (Reuters) - Australian shares rose on Wednesday as gains in financial and technology stocks outweighed losses in energy and gold stocks, while investors globally awaited updated economic and interest rate projections from U.S. Federal Reserve officials. The S&P/ASX 200 index .AXJO rose 0.2% to 7,247.30 by 2340 GMT, in line with gains in U.S. stocks after a stronger-than-expected U.S. inflation report did little to alter views for the timing of a rate cut. With the U.S. central bank widely expected to keep rates on hold at the end of its monetary policy meeting later in the day, investors will focus on how Fed officials see the economy holding up and where they see interest rates over the coming quarters.
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Dec 13 (Reuters) - Australian shares rose on Wednesday as gains in financial and technology stocks outweighed losses in energy and gold stocks, while investors globally awaited updated economic and interest rate projections from U.S. Federal Reserve officials. The S&P/ASX 200 index .AXJO rose 0.2% to 7,247.30 by 2340 GMT, in line with gains in U.S. stocks after a stronger-than-expected U.S. inflation report did little to alter views for the timing of a rate cut. With the U.S. central bank widely expected to keep rates on hold at the end of its monetary policy meeting later in the day, investors will focus on how Fed officials see the economy holding up and where they see interest rates over the coming quarters.
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22eeac9d-b772-4f23-8aa5-85de7e6d41f6
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713333.0
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2023-12-12 00:00:00 UTC
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Boise Cascade Co Shares Approach 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/boise-cascade-co-shares-approach-52-week-high-market-mover-0
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nan
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Boise Cascade Co (BCC) shares closed today at 1.9% below its 52 week high of $115.97, giving the company a market cap of $4B. The stock is currently up 68.8% year-to-date, up 59.8% over the past 12 months, and up 450.0% 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 0.9% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.3.
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 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 Materials 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 945.3%
The company's stock price performance over the past 12 months beats the peer average by 745.6%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -29.3% 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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Boise Cascade Co (BCC) shares closed today at 1.9% below its 52 week high of $115.97, giving the company a market cap of $4B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.3. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.
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Boise Cascade Co (BCC) shares closed today at 1.9% below its 52 week high of $115.97, giving the company a market cap of $4B. 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 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 Materials 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 945.3% The company's stock price performance over the past 12 months beats the peer average by 745.6% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -29.3% 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 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 Materials 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 945.3% The company's stock price performance over the past 12 months beats the peer average by 745.6% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -29.3% 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 , beats 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 Materials 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 945.3% The company's stock price performance over the past 12 months beats the peer average by 745.6% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -29.3% lower than the average peer.
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af1e13e9-c082-449d-a7e9-5f66939760d1
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713334.0
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2023-12-12 00:00:00 UTC
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Is Wall Street Wrong About AMD Stock?
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DCOMP
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https://www.nasdaq.com/articles/is-wall-street-wrong-about-amd-stock
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nan
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nan
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In today's video, I discuss recent AI updates impacting Advanced Micro Devices (NASDAQ: AMD). Check out the short video to learn more, consider subscribing, and click the special offer link below.
*Stock prices used were the after-market prices of Dec. 12, 2023. The video was published on Dec. 12, 2023.
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Jose Najarro has positions in Advanced Micro Devices and Nvidia. The Motley Fool has positions in and recommends Advanced Micro Devices and Nvidia. The Motley Fool has a disclosure policy. Jose Najarro is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In today's video, I discuss recent AI updates impacting Advanced Micro Devices (NASDAQ: AMD). Check out the short video to learn more, consider subscribing, and click the special offer link below. The Motley Fool has positions in and recommends Advanced Micro Devices and Nvidia.
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In today's video, I discuss recent AI updates impacting Advanced Micro Devices (NASDAQ: AMD). Before you buy stock in Advanced Micro Devices, 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 Advanced Micro Devices wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Jose Najarro has positions in Advanced Micro Devices and Nvidia.
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Before you buy stock in Advanced Micro Devices, 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 Advanced Micro Devices wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Jose Najarro has positions in Advanced Micro Devices and Nvidia. The Motley Fool has positions in and recommends Advanced Micro Devices and Nvidia.
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See the 10 stocks *Stock Advisor returns as of December 11, 2023 Jose Najarro has positions in Advanced Micro Devices and Nvidia. The Motley Fool has positions in and recommends Advanced Micro Devices and Nvidia. Their opinions remain their own and are unaffected by The Motley Fool.
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9c8f19e7-1588-4664-ab68-ac39c54c0feb
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713335.0
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2023-12-12 00:00:00 UTC
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MFA Financial Inc Shares Climb 0.5% Past Previous 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/mfa-financial-inc-shares-climb-0.5-past-previous-52-week-high-market-mover
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nan
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nan
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MFA Financial Inc (MFA) shares closed 0.5% higher than its previous 52 week high, giving the company a market cap of $1B. The stock is currently up 24.0% year-to-date, up 12.0% over the past 12 months, and down 26.4% 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 21.3% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.4.
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 , 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 336.3%
The company's stock price performance over the past 12 months beats the peer average by 3545.2%
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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Beta, a measure of the stock’s volatility relative to the overall market stands at 1.4. 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 , 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 336.3% The company's stock price performance over the past 12 months beats the peer average by 3545.2%
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MFA Financial Inc (MFA) shares closed 0.5% 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 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 336.3% The company's stock price performance over the past 12 months beats the peer average by 3545.2%
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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 336.3% The company's stock price performance over the past 12 months beats the peer average by 3545.2% 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 , 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 336.3% The company's stock price performance over the past 12 months beats the peer average by 3545.2%
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92e1ee35-71f1-4c71-b017-fbdb25b0f281
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713336.0
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2023-12-12 00:00:00 UTC
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Union Pacific Corp. Shares Close in on 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/union-pacific-corp.-shares-close-in-on-52-week-high-market-mover-1
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nan
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nan
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Union Pacific Corp. (UNP) shares closed today at 0.4% below its 52 week high of $237.75, giving the company a market cap of $141B. The stock is currently up 15.3% year-to-date, up 11.3% over the past 12 months, and up 76.4% 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 3.8% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.9.
Technical Indicators
The Relative Strength Index (RSI) on the stock was between 30 and 70.
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 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 , 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 beats the peer average by 321.5%
The company's stock price performance over the past 12 months beats the peer average by 749.3%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 83.1% 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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Union Pacific Corp. (UNP) shares closed today at 0.4% below its 52 week high of $237.75, giving the company a market cap of $141B. 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 , 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 , 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 beats the peer average by 321.5% The company's stock price performance over the past 12 months beats the peer average by 749.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 83.1% higher 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 3.8% higher than the 20-day average. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , 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 , 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 beats the peer average by 321.5% The company's stock price performance over the past 12 months beats the peer average by 749.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 83.1% 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 , 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 , 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 beats the peer average by 321.5% The company's stock price performance over the past 12 months beats the peer average by 749.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 83.1% 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 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 , 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 , 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 beats the peer average by 321.5% The company's stock price performance over the past 12 months beats the peer average by 749.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 83.1% higher than the average peer.
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7e9cec96-0aae-46c7-865c-225a0581ad73
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713337.0
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2023-12-12 00:00:00 UTC
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Online retailer Zulily sues 'bullying' Amazon in antitrust lawsuit
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DCOMP
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https://www.nasdaq.com/articles/online-retailer-zulily-sues-bullying-amazon-in-antitrust-lawsuit
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nan
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By Mike Scarcella
Dec 12 (Reuters) - Online retailer Zulily has sued Amazon.com AMZN.O in Seattle federal court, accusing the e-commerce giant of working to "destroy" it through a price-fixing scheme that forced Zulily to abandon its discount sales strategy.
Seattle-based Zulily's lawsuit, filed on Monday, alleged Amazon took steps to curb retail price competition in violation of U.S. and state antitrust laws.
Zulily said its suppliers were concerned about being punished by Amazon over pricing, and so told Zulily to keep prices "as high" as those on Amazon.
"Zulily, an online retailer dedicated to offering consumers low prices, is one of Amazon's victims," the complaint said.
An Amazon spokesperson in a statement said "the allegations made in this lawsuit are false" and that "the retail industry is dynamic and strong with many retailers succeeding."
Amazon is already facing an array of antitrust lawsuits from consumers and other plaintiffs, including California, the District of Columbia and the U.S. Federal Trade Commission.
The FTC's lawsuit in September, which accused Amazon of abusing its market power, pointed to Zulily to bolster the agency's claims. Zulily, which was acquired by private investment firm Regent in May, sells toys, clothes and homewares.
Amazon last week asked the Seattle court to dismiss the FTC's case, saying the agency had not shown any consumer harm to "common retail practices."
Attorneys for Amazon said in a court filing that the company "promptly matches rivals' discounts, features competitively priced deals rather than overpriced ones, and ensures best-in class delivery for its Prime subscribers."
Attorneys for Zulily at Bona Law did not immediately respond to requests for comment on Tuesday.
Zulily, founded in 2009, was preparing to close its doors, according to news media reports last week. A message on the company's website said all sales after Dec. 8 were final.
In its lawsuit, Zulily alleged Amazon's "exclusionary conduct" caused the company to discard the "best price promise" at the heart of its business strategy and growth plans.
The complaint accused Amazon of "bullying" and said its "market power over merchants has only grown because merchants require access to Amazon's vast customer network."
Zulily said it was seeking triple damages that included "substantial revenue losses and reduced traffic" to its website.
The case is Zulily Inc v. Amazon.com Inc, U.S. District Court for the Western District of Washington, No. 2:23-cv-01900.
For Zulily: Jon Cieslak, James Lerner and Molly Donovan of Bona Law
For Amazon: No appearance yet
Read more:
Amazon.com fights DC's bid to revive antitrust lawsuit over pricing
Amazon, fighting consumer lawsuit, says 'guaranteed' delivery has limits
Amazon.com sued by tech startup after web-traffic deal sputters
Amazon customers lodge class action over charges for returned goods
(Reporting by Mike Scarcella)
((Mike.Scarcella@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Seattle-based Zulily's lawsuit, filed on Monday, alleged Amazon took steps to curb retail price competition in violation of U.S. and state antitrust laws. Attorneys for Amazon said in a court filing that the company "promptly matches rivals' discounts, features competitively priced deals rather than overpriced ones, and ensures best-in class delivery for its Prime subscribers." In its lawsuit, Zulily alleged Amazon's "exclusionary conduct" caused the company to discard the "best price promise" at the heart of its business strategy and growth plans.
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By Mike Scarcella Dec 12 (Reuters) - Online retailer Zulily has sued Amazon.com AMZN.O in Seattle federal court, accusing the e-commerce giant of working to "destroy" it through a price-fixing scheme that forced Zulily to abandon its discount sales strategy. Attorneys for Amazon said in a court filing that the company "promptly matches rivals' discounts, features competitively priced deals rather than overpriced ones, and ensures best-in class delivery for its Prime subscribers." For Zulily: Jon Cieslak, James Lerner and Molly Donovan of Bona Law For Amazon: No appearance yet Read more: Amazon.com fights DC's bid to revive antitrust lawsuit over pricing Amazon, fighting consumer lawsuit, says 'guaranteed' delivery has limits Amazon.com sued by tech startup after web-traffic deal sputters Amazon customers lodge class action over charges for returned goods (Reporting by Mike Scarcella) ((Mike.Scarcella@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Seattle-based Zulily's lawsuit, filed on Monday, alleged Amazon took steps to curb retail price competition in violation of U.S. and state antitrust laws. Zulily said its suppliers were concerned about being punished by Amazon over pricing, and so told Zulily to keep prices "as high" as those on Amazon. For Zulily: Jon Cieslak, James Lerner and Molly Donovan of Bona Law For Amazon: No appearance yet Read more: Amazon.com fights DC's bid to revive antitrust lawsuit over pricing Amazon, fighting consumer lawsuit, says 'guaranteed' delivery has limits Amazon.com sued by tech startup after web-traffic deal sputters Amazon customers lodge class action over charges for returned goods (Reporting by Mike Scarcella) ((Mike.Scarcella@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Seattle-based Zulily's lawsuit, filed on Monday, alleged Amazon took steps to curb retail price competition in violation of U.S. and state antitrust laws. The FTC's lawsuit in September, which accused Amazon of abusing its market power, pointed to Zulily to bolster the agency's claims. The case is Zulily Inc v. Amazon.com Inc, U.S. District Court for the Western District of Washington, No.
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b52f520f-31b0-4e6e-b7d0-586fb4b51535
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713338.0
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2023-12-12 00:00:00 UTC
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The PNC Financial Services Group, Inc (PNC) Stock Sinks As Market Gains: Here's Why
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DCOMP
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https://www.nasdaq.com/articles/the-pnc-financial-services-group-inc-pnc-stock-sinks-as-market-gains%3A-heres-why
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nan
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nan
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In the latest market close, The PNC Financial Services Group, Inc (PNC) reached $140.85, with a -0.11% movement compared to the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.46%. Elsewhere, the Dow saw an upswing of 0.48%, while the tech-heavy Nasdaq appreciated by 0.7%.
Shares of the company witnessed a gain of 17.89% over the previous month, beating the performance of the Finance sector with its gain of 7.77% and the S&P 500's gain of 4.85%.
Analysts and investors alike will be keeping a close eye on the performance of The PNC Financial Services Group, Inc in its upcoming earnings disclosure. The company's earnings report is set to go public on January 16, 2024. In that report, analysts expect The PNC Financial Services Group, Inc to post earnings of $3.01 per share. This would mark a year-over-year decline of 13.75%. In the meantime, our current consensus estimate forecasts the revenue to be $5.27 billion, indicating an 8.59% decline compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $13.88 per share and a revenue of $21.42 billion, indicating changes of -0.57% and +1.44%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for The PNC Financial Services Group, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. 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 take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.09% higher. As of now, The PNC Financial Services Group, Inc holds a Zacks Rank of #3 (Hold).
With respect to valuation, The PNC Financial Services Group, Inc is currently being traded at a Forward P/E ratio of 10.16. This represents a premium compared to its industry's average Forward P/E of 9.39.
It is also worth noting that PNC currently has a PEG ratio of 1.26. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As the market closed yesterday, the Banks - Major Regional industry was having an average PEG ratio of 1.53.
The Banks - Major Regional industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 68, placing it within the top 27% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
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 PNC Financial Services Group, Inc (PNC) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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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Analysts and investors alike will be keeping a close eye on the performance of The PNC Financial Services Group, Inc in its upcoming earnings disclosure. In the meantime, our current consensus estimate forecasts the revenue to be $5.27 billion, indicating an 8.59% decline compared to the corresponding quarter of the prior year. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
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In the latest market close, The PNC Financial Services Group, Inc (PNC) reached $140.85, with a -0.11% movement compared to the previous day. As of now, The PNC Financial Services Group, Inc holds a Zacks Rank of #3 (Hold). Click to get this free report The PNC Financial Services Group, Inc (PNC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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 The PNC Financial Services Group, Inc (PNC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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In the latest market close, The PNC Financial Services Group, Inc (PNC) reached $140.85, with a -0.11% movement compared to the previous day. Investors might also notice recent changes to analyst estimates for The PNC Financial Services Group, Inc. With respect to valuation, The PNC Financial Services Group, Inc is currently being traded at a Forward P/E ratio of 10.16.
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a2242eac-c0c0-4601-8f03-7712607a32e2
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713339.0
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2023-12-12 00:00:00 UTC
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OFG Bancorp Shares Climb 2.3% Past Previous 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/ofg-bancorp-shares-climb-2.3-past-previous-52-week-high-market-mover
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nan
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nan
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OFG Bancorp (OFG) shares closed 2.3% higher than its previous 52 week high, giving the company a market cap of $1B. The stock is currently up 31.8% year-to-date, up 34.8% over the past 12 months, and up 123.7% 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 10.2% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.1.
Technical Indicators
The Relative Strength Index (RSI) on the stock was between 30 and 70.
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 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 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 -4711.3%
The company's stock price performance over the past 12 months beats the peer average by -997.7%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -9.5% 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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Beta, a measure of the stock’s volatility relative to the overall market stands at 1.1. Technical Indicators The Relative Strength Index (RSI) on the stock was 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 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 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 -4711.3% The company's stock price performance over the past 12 months beats the peer average by -997.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -9.5% lower than the average peer.
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OFG Bancorp (OFG) shares closed 2.3% 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 , beats 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 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 -4711.3% The company's stock price performance over the past 12 months beats the peer average by -997.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -9.5% 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 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 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 -4711.3% The company's stock price performance over the past 12 months beats the peer average by -997.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -9.5% 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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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 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 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 -4711.3% The company's stock price performance over the past 12 months beats the peer average by -997.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -9.5% lower than the average peer.
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0842494e-48b4-4826-94f0-f72ac4346691
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713340.0
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2023-12-12 00:00:00 UTC
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Truist Financial Corporation (TFC) Stock Declines While Market Improves: Some Information for Investors
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DCOMP
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https://www.nasdaq.com/articles/truist-financial-corporation-tfc-stock-declines-while-market-improves%3A-some-information
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nan
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Truist Financial Corporation (TFC) closed at $34.10 in the latest trading session, marking a -0.96% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 0.46% for the day. Meanwhile, the Dow experienced a rise of 0.48%, and the technology-dominated Nasdaq saw an increase of 0.7%.
The company's shares have seen an increase of 17.31% over the last month, surpassing the Finance sector's gain of 7.77% and the S&P 500's gain of 4.85%.
The investment community will be closely monitoring the performance of Truist Financial Corporation in its forthcoming earnings report. The company is scheduled to release its earnings on January 18, 2024. The company is forecasted to report an EPS of $0.88, showcasing a 32.31% downward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.63 billion, down 9.25% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.76 per share and a revenue of $24.61 billion, signifying shifts of -24.19% and +6.84%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Truist Financial Corporation. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Right now, Truist Financial Corporation possesses a Zacks Rank of #3 (Hold).
Digging into valuation, Truist Financial Corporation currently has a Forward P/E ratio of 9.16. This represents a discount compared to its industry's average Forward P/E of 9.39.
Also, we should mention that TFC has a PEG ratio of 2.05. 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. TFC's industry had an average PEG ratio of 1.53 as of yesterday's close.
The Banks - Major Regional industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 68, which puts it in the top 27% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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
Truist Financial Corporation (TFC) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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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Truist Financial Corporation (TFC) closed at $34.10 in the latest trading session, marking a -0.96% move from the prior day. For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.76 per share and a revenue of $24.61 billion, signifying shifts of -24.19% and +6.84%, respectively, from the last year. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
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Truist Financial Corporation (TFC) closed at $34.10 in the latest trading session, marking a -0.96% move from the prior day. For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.76 per share and a revenue of $24.61 billion, signifying shifts of -24.19% and +6.84%, respectively, from the last year. Click to get this free report Truist Financial Corporation (TFC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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This industry currently has a Zacks Industry Rank of 68, which puts it in the top 27% of all 250+ industries. The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. 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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Truist Financial Corporation (TFC) closed at $34.10 in the latest trading session, marking a -0.96% move from the prior day. Investors might also notice recent changes to analyst estimates for Truist Financial Corporation. This industry currently has a Zacks Industry Rank of 68, which puts it in the top 27% of all 250+ industries.
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2dae0d77-6d26-41d3-940c-856daad0e19d
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713341.0
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2023-12-12 00:00:00 UTC
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Unum (UNM) Exceeds Market Returns: Some Facts to Consider
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DCOMP
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https://www.nasdaq.com/articles/unum-unm-exceeds-market-returns%3A-some-facts-to-consider
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In the latest market close, Unum (UNM) reached $45.32, with a +1.27% 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 insurance company's stock has climbed by 3.59% in the past month, falling short of the Finance sector's gain of 7.77% and the S&P 500's gain of 4.85%.
Market participants will be closely following the financial results of Unum in its upcoming release. The company's upcoming EPS is projected at $1.87, signifying a 30.77% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $3.13 billion, up 4.4% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $7.74 per share and a revenue of $12.4 billion, demonstrating changes of +24.64% and +3.27%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Unum. 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 a 0.09% rise in the Zacks Consensus EPS estimate. At present, Unum boasts a Zacks Rank of #3 (Hold).
Investors should also note Unum's current valuation metrics, including its Forward P/E ratio of 5.78. This signifies a discount in comparison to the average Forward P/E of 12.28 for its industry.
Meanwhile, UNM's PEG ratio is currently 0.84. 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 Insurance - Accident and Health industry stood at 1.43 at the close of the market yesterday.
The Insurance - Accident and Health industry is part of the Finance sector. With its current Zacks Industry Rank of 50, this industry ranks in the top 20% 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.
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
Unum Group (UNM) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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 Insurance - Accident and Health industry stood at 1.43 at the close of the market yesterday. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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The company's upcoming EPS is projected at $1.87, signifying a 30.77% increase compared to the same quarter of the previous year. For the full year, the Zacks Consensus Estimates project earnings of $7.74 per share and a revenue of $12.4 billion, demonstrating changes of +24.64% and +3.27%, respectively, from the preceding year. Click to get this free report Unum Group (UNM) : Free Stock Analysis Report To read this article on Zacks.com click here.
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With its current Zacks Industry Rank of 50, this industry ranks in the top 20% 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. 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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The company's upcoming EPS is projected at $1.87, signifying a 30.77% increase compared to the same quarter of the previous year. The average PEG ratio for the Insurance - Accident and Health industry stood at 1.43 at the close of the market yesterday. With its current Zacks Industry Rank of 50, this industry ranks in the top 20% of all industries, numbering over 250.
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9b68041a-9c00-4956-9411-b1edc19949a3
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713342.0
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2023-12-12 00:00:00 UTC
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KeyCorp (KEY) Stock Drops Despite Market Gains: Important Facts to Note
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DCOMP
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https://www.nasdaq.com/articles/keycorp-key-stock-drops-despite-market-gains%3A-important-facts-to-note
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nan
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nan
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In the latest trading session, KeyCorp (KEY) closed at $13.02, marking a -1.14% 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 saw an upswing of 0.48%, while the tech-heavy Nasdaq appreciated by 0.7%.
Shares of the company have appreciated by 21.38% over the course of the past month, outperforming the Finance sector's gain of 7.77% and the S&P 500's gain of 4.85%.
Investors will be eagerly watching for the performance of KeyCorp in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on January 18, 2024. The company is forecasted to report an EPS of $0.24, showcasing a 36.84% downward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $1.55 billion, showing a 17.89% drop compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $1.09 per share and a revenue of $6.4 billion, demonstrating changes of -43.23% and -11.6%, respectively, from the preceding year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for KeyCorp. These revisions typically reflect the latest short-term business trends, which can change frequently. 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 utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 4.05% decrease. KeyCorp is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, KeyCorp is holding a Forward P/E ratio of 12.11. Its industry sports an average Forward P/E of 9.39, so one might conclude that KeyCorp is trading at a premium comparatively.
It's also important to note that KEY currently trades at a PEG ratio of 2.82. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Banks - Major Regional industry stood at 1.53 at the close of the market yesterday.
The Banks - Major Regional industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 68, placing it within the top 27% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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
KeyCorp (KEY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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 $1.55 billion, showing a 17.89% drop compared to the year-ago quarter. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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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In the latest trading session, KeyCorp (KEY) closed at $13.02, marking a -1.14% move from the previous day. For the full year, the Zacks Consensus Estimates project earnings of $1.09 per share and a revenue of $6.4 billion, demonstrating changes of -43.23% and -11.6%, respectively, from the preceding year. The average PEG ratio for the Banks - Major Regional industry stood at 1.53 at the close of the market yesterday.
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At present, this industry carries a Zacks Industry Rank of 68, placing it within the top 27% of over 250 industries. The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. 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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For the full year, the Zacks Consensus Estimates project earnings of $1.09 per share and a revenue of $6.4 billion, demonstrating changes of -43.23% and -11.6%, respectively, from the preceding 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. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research?
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54add667-6db6-4266-ada0-bc2bd794d342
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713343.0
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2023-12-12 00:00:00 UTC
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3 Growth Stocks BlackRock Is Scooping Up
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DCOMP
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https://www.nasdaq.com/articles/3-growth-stocks-blackrock-is-scooping-up
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
As the world’s largest asset manager with nearly $10 trillion in assets under management, BlackRock (NYSE:BLK) holds tremendous influence in financial markets. Yet the company itself remains somewhat mysterious to everyday investors. I’ve always found BlackRock intriguing due to its immense size and impact across the investing world. There’s no doubt BlackRock sits as the sage among Wall Street firms when it comes to navigating market trends.
Since its founding in 1988, BlackRock has leveraged its expertise to deliver consistent, market-beating returns across various asset classes. So, when BlackRock goes shopping for new growth stock opportunities, my ears naturally perk up. If any firm can identify the next generation of high-flying stocks primed for gains, BlackRock has the resources and know-how to do it. Let’s look at three such growth stocks worth investor consideration.
Rockwell Automation (ROK)
Source: JHVEPhoto / Shutterstock
Rockwell Automation (NYSE:ROK) is one of the largest robotics companies, and if you’ve read my articles in recent weeks, you’ll know that I am heavily bullish on robotics stocks and related AI stocks. While software AI companies are likely to face a cooldown due to the AI hype starting to dry up and there being no profitability in sight, industrial robotics companies are seeing organic growth and profit growth, as blue-collar jobs have become more and more in demand. I believe this will ultimately lead to significant growth in the long-run for companies like Rockwell.
As one of the largest industrial robotics and automation companies, Rockwell has much to gain from the increasing demand for automation and robotics. With skilled labor shortages and rising wages, companies are looking to automation to improve efficiency.
Rockwell already enjoys a strong competitive position with over $9 billion in annual revenue and leadership across diverse industries. However, the accelerating pace of automation adoption provides a substantial runway for growth. Thus, it makes sense that BlackRock increased its position in ROK stock by around $96 million (according to the company’s current share price).
Spirit AeroSystems (SPR)
Source: shutterstock.com/Pasuwan
Spirit AeroSystems (NYSE:SPR) is a riskier bet, but is definitely a very intriguing investment. This is an aerostructures manufacturing company that tumbled when the pandemic hit, and is yet to recover to previous levels. Spirit has recently undergone a 90% recovery from its trough, but the stock remains around 60% off its peak. I believe this is quite the discount, since the company’s financials have turned a corner, and the stock is already rallying very quickly.
Substantial upside potential lies ahead in the commercial aviation space, as activity recovers steadily. Accordingly, Wall Street expects Spirit’s revenue to recover past pre-pandemic levels by 2024. Currently, Spirit trades at just 13-times 2025 earnings estimates.
I think SPR stock could soar higher if the company’s financial performance improves per expectations. However, I will note that Spirit has underwhelmed when it comes to earnings, and despite beating earnings per share estimates by 7% in the latest quarter, it has missed by substantial margins in the past. However, even if we add an extra year to these expectations, the stock still appears very undervalued to me. BlackRock’s $23 million position boost in this stock is notable.
NET Power (NPWR)
Source: Shutterstock
NET Power (NYSE:NPWR) has developed a novel combustion-based system that generates electricity from natural gas while producing zero atmospheric emissions. As global energy systems migrate towards renewable sources, NET Power has incredible potential, as companies look to cost-effectively retrofit existing plants in a bid to reduce their carbon footprints.
BlackRock has not added many growth stocks to its portfolios, and has dialed back its risk profile, much like other hedge funds. However, it appears BlackRock sees a lot of upside potential with NPWR stock. This is a pre-revenue company that has been in quite a lot of trouble. Thus, it’s no surprise the stock is down around 41% from its peak.
Still, I believe that BlackRock sees an opportunity, and may be thinking this company could turn the corner soon. Notably, NET Power has $645 million in cash, which is enough to fund the company for years until it can generate significant revenue and profits.
It may be unwise to suggest NET Power will be profitable anytime soon. That said, analysts think it will generate around $760 million in revenue annually in 2032. This could be an underestimate if clean energy activism keeps gaining ground and Net Power benefits from additional tailwinds.
BlackRock has a modest $3.3 million of the stock in its portfolio. It’s not much, but it’s definitely a bullish sign. Again, not many small growth stocks have been added to BlackRock’s ledger, so even small positions are quite notable.
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.
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The post 3 Growth Stocks BlackRock Is Scooping Up 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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Thus, it makes sense that BlackRock increased its position in ROK stock by around $96 million (according to the company’s current share price). As global energy systems migrate towards renewable sources, NET Power has incredible potential, as companies look to cost-effectively retrofit existing plants in a bid to reduce their carbon footprints. 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 Growth Stocks BlackRock Is Scooping Up appeared first on InvestorPlace.
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Rockwell Automation (ROK) Source: JHVEPhoto / Shutterstock Rockwell Automation (NYSE:ROK) is one of the largest robotics companies, and if you’ve read my articles in recent weeks, you’ll know that I am heavily bullish on robotics stocks and related AI stocks. Spirit AeroSystems (SPR) Source: shutterstock.com/Pasuwan Spirit AeroSystems (NYSE:SPR) is a riskier bet, but is definitely a very intriguing investment. NET Power (NPWR) Source: Shutterstock NET Power (NYSE:NPWR) has developed a novel combustion-based system that generates electricity from natural gas while producing zero atmospheric emissions.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips As the world’s largest asset manager with nearly $10 trillion in assets under management, BlackRock (NYSE:BLK) holds tremendous influence in financial markets. Rockwell Automation (ROK) Source: JHVEPhoto / Shutterstock Rockwell Automation (NYSE:ROK) is one of the largest robotics companies, and if you’ve read my articles in recent weeks, you’ll know that I am heavily bullish on robotics stocks and related AI stocks. 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 Growth Stocks BlackRock Is Scooping Up appeared first on InvestorPlace.
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As one of the largest industrial robotics and automation companies, Rockwell has much to gain from the increasing demand for automation and robotics. However, it appears BlackRock sees a lot of upside potential with NPWR stock. Notably, NET Power has $645 million in cash, which is enough to fund the company for years until it can generate significant revenue and profits.
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ad062137-c329-48c2-be35-cc00b1c56194
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713344.0
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2023-12-12 00:00:00 UTC
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Simon Property (SPG) Stock Sinks As Market Gains: Here's Why
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DCOMP
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https://www.nasdaq.com/articles/simon-property-spg-stock-sinks-as-market-gains%3A-heres-why
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nan
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The most recent trading session ended with Simon Property (SPG) standing at $134.49, reflecting a -0.22% shift from the previouse trading day's closing. The stock's change was less than the S&P 500's daily gain of 0.46%. Meanwhile, the Dow gained 0.48%, and the Nasdaq, a tech-heavy index, added 0.7%.
Coming into today, shares of the shopping mall real estate investment trust had gained 16.65% in the past month. In that same time, the Finance sector gained 7.77%, while the S&P 500 gained 4.85%.
The investment community will be closely monitoring the performance of Simon Property in its forthcoming earnings report. The company is expected to report EPS of $3.33, up 5.71% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $1.44 billion, indicating a 2.58% growth compared to the corresponding quarter of the prior year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $12.10 per share and a revenue of $5.57 billion, signifying shifts of +1.94% and +5.3%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for Simon Property. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system 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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.18% decrease. Simon Property is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Simon Property is currently trading at a Forward P/E ratio of 11.14. Its industry sports an average Forward P/E of 13.01, so one might conclude that Simon Property is trading at a discount comparatively.
We can also see that SPG currently has a PEG ratio of 6.51. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The REIT and Equity Trust - Retail was holding an average PEG ratio of 3.08 at yesterday's closing price.
The REIT and Equity Trust - Retail industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 74, placing it within the top 30% of over 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
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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Simon Property Group, Inc. (SPG) : 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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In the meantime, our current consensus estimate forecasts the revenue to be $1.44 billion, indicating a 2.58% growth compared to the corresponding quarter of the prior year. For the annual period, the Zacks Consensus Estimates anticipate earnings of $12.10 per share and a revenue of $5.57 billion, signifying shifts of +1.94% and +5.3%, respectively, from the last year. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
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The most recent trading session ended with Simon Property (SPG) standing at $134.49, reflecting a -0.22% shift from the previouse trading day's closing. The REIT and Equity Trust - Retail was holding an average PEG ratio of 3.08 at yesterday's closing price. Click to get this free report Simon Property Group, Inc. (SPG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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At present, this industry carries a Zacks Industry Rank of 74, placing it within the top 30% of over 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. 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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The most recent trading session ended with Simon Property (SPG) standing at $134.49, reflecting a -0.22% shift from the previouse trading day's closing. Simon Property is currently sporting a Zacks Rank of #3 (Hold). Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research?
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713345.0
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2023-12-12 00:00:00 UTC
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Crown Castle (CCI) Stock Sinks As Market Gains: Here's Why
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https://www.nasdaq.com/articles/crown-castle-cci-stock-sinks-as-market-gains%3A-heres-why-0
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The most recent trading session ended with Crown Castle (CCI) standing at $113.97, reflecting a -0.48% shift from the previouse trading day's closing. The stock's change was less than the S&P 500's daily gain of 0.46%. Meanwhile, the Dow gained 0.48%, and the Nasdaq, a tech-heavy index, added 0.7%.
Coming into today, shares of the operator of wireless communications towers had gained 19.87% in the past month. In that same time, the Finance sector gained 7.77%, while the S&P 500 gained 4.85%.
The investment community will be closely monitoring the performance of Crown Castle in its forthcoming earnings report. The company is expected to report EPS of $1.78, down 3.78% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $1.65 billion, indicating a 6.54% decline compared to the corresponding quarter of the prior year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $7.51 per share and a revenue of $6.96 billion, signifying shifts of +1.76% and -0.43%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for Crown Castle. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system 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 last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Crown Castle is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Crown Castle is currently trading at a Forward P/E ratio of 15.24. Its industry sports an average Forward P/E of 11.07, so one might conclude that Crown Castle is trading at a premium comparatively.
We can also see that CCI currently has a PEG ratio of 2.67. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The REIT and Equity Trust - Other was holding an average PEG ratio of 2.44 at yesterday's closing price.
The REIT and Equity Trust - Other industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 147, placing it within the bottom 42% of over 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
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
Crown Castle Inc. (CCI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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 meantime, our current consensus estimate forecasts the revenue to be $1.65 billion, indicating a 6.54% decline compared to the corresponding quarter of the prior year. For the annual period, the Zacks Consensus Estimates anticipate earnings of $7.51 per share and a revenue of $6.96 billion, signifying shifts of +1.76% and -0.43%, respectively, from the last year. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
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The most recent trading session ended with Crown Castle (CCI) standing at $113.97, reflecting a -0.48% shift from the previouse trading day's closing. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Click to get this free report Crown Castle Inc. (CCI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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At present, this industry carries a Zacks Industry Rank of 147, placing it within the bottom 42% of over 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. 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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The most recent trading session ended with Crown Castle (CCI) standing at $113.97, reflecting a -0.48% shift from the previouse trading day's closing. In that same time, the Finance sector gained 7.77%, while the S&P 500 gained 4.85%. Crown Castle is currently sporting a Zacks Rank of #3 (Hold).
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713346.0
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2023-12-12 00:00:00 UTC
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General Dynamics (GD) Ascends But Remains Behind Market: Some Facts to Note
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https://www.nasdaq.com/articles/general-dynamics-gd-ascends-but-remains-behind-market%3A-some-facts-to-note
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In the latest trading session, General Dynamics (GD) closed at $253.20, marking a +0.31% 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 saw an upswing of 0.48%, while the tech-heavy Nasdaq appreciated by 0.7%.
Shares of the defense contractor have appreciated by 2.34% over the course of the past month, underperforming the Aerospace sector's gain of 7.78% and the S&P 500's gain of 4.85%.
Investors will be eagerly watching for the performance of General Dynamics in its upcoming earnings disclosure. The company is forecasted to report an EPS of $4.19, showcasing a 17.04% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $12.48 billion, showing a 15.02% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $12.56 per share and a revenue of $42.99 billion, demonstrating changes of +3.04% and +9.1%, respectively, from the preceding year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for General Dynamics. These revisions typically reflect the latest short-term business trends, which can change frequently. 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 utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.25% decrease. General Dynamics is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, General Dynamics is holding a Forward P/E ratio of 20.09. Its industry sports an average Forward P/E of 17.16, so one might conclude that General Dynamics is trading at a premium comparatively.
It's also important to note that GD currently trades at a PEG ratio of 2.24. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Aerospace - Defense industry stood at 1.92 at the close of the market yesterday.
The Aerospace - Defense industry is part of the Aerospace sector. At present, this industry carries a Zacks Industry Rank of 45, placing it within the top 18% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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
General Dynamics Corporation (GD) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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 $12.48 billion, showing a 15.02% escalation compared to the year-ago quarter. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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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In the latest trading session, General Dynamics (GD) closed at $253.20, marking a +0.31% move from the previous day. For the full year, the Zacks Consensus Estimates project earnings of $12.56 per share and a revenue of $42.99 billion, demonstrating changes of +3.04% and +9.1%, respectively, from the preceding year. Click to get this free report General Dynamics Corporation (GD) : Free Stock Analysis Report To read this article on Zacks.com click here.
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At present, this industry carries a Zacks Industry Rank of 45, placing it within the top 18% of over 250 industries. The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. 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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In the latest trading session, General Dynamics (GD) closed at $253.20, marking a +0.31% move from the previous day. For the full year, the Zacks Consensus Estimates project earnings of $12.56 per share and a revenue of $42.99 billion, demonstrating changes of +3.04% and +9.1%, respectively, from the preceding year. General Dynamics is currently sporting a Zacks Rank of #3 (Hold).
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713347.0
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2023-12-11 00:00:00 UTC
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Farfetch in talks with Apollo Global for rescue deal - Sky News
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https://www.nasdaq.com/articles/farfetch-in-talks-with-apollo-global-for-rescue-deal-sky-news
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Adds details from report, background
Dec 13 (Reuters) - Online luxury retailer Farfetch FTCH.N is in talks with Apollo Global Management to secure emergency funding for shoring up its finances, Sky News reported on Wednesday.
Shares of the company were up nearly 12% following the news.
Farfetch is in discussions with several parties about securing new financing and Apollo was only one of several firms in discussion, according to the report.
Apollo Global and Farfetch did not immediately respond to Reuters' requests for a comment.
The report indicated it was unclear whether the new capital would be provided as debt or equity, or a combination of the two and that a deal was far from certain to be reached.
In November, the Telegraph first reported Farfetch founder and CEO José Neves was in talks with top shareholders, including Cartier owner Richemont CFR.S, to take the company private.
However, Richemont said it would not inject any cash into the online luxury retailer.
Founded in 2007, London-based Farfetch debuted on the New York Stock Exchange in September 2018 and has had a tumultuous time through its listing, as the company grappled with weakening demand in the U.S. and China.
(Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by Krishna Chandra Eluri)
((AnanyaMariam.Rajesh@thomsonreuters.com ; Twitter: https://twitter.com/AnanyaMariam;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Adds details from report, background Dec 13 (Reuters) - Online luxury retailer Farfetch FTCH.N is in talks with Apollo Global Management to secure emergency funding for shoring up its finances, Sky News reported on Wednesday. In November, the Telegraph first reported Farfetch founder and CEO José Neves was in talks with top shareholders, including Cartier owner Richemont CFR.S, to take the company private. Founded in 2007, London-based Farfetch debuted on the New York Stock Exchange in September 2018 and has had a tumultuous time through its listing, as the company grappled with weakening demand in the U.S. and China.
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Adds details from report, background Dec 13 (Reuters) - Online luxury retailer Farfetch FTCH.N is in talks with Apollo Global Management to secure emergency funding for shoring up its finances, Sky News reported on Wednesday. Apollo Global and Farfetch did not immediately respond to Reuters' requests for a comment. However, Richemont said it would not inject any cash into the online luxury retailer.
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Adds details from report, background Dec 13 (Reuters) - Online luxury retailer Farfetch FTCH.N is in talks with Apollo Global Management to secure emergency funding for shoring up its finances, Sky News reported on Wednesday. Farfetch is in discussions with several parties about securing new financing and Apollo was only one of several firms in discussion, according to the report. In November, the Telegraph first reported Farfetch founder and CEO José Neves was in talks with top shareholders, including Cartier owner Richemont CFR.S, to take the company private.
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Adds details from report, background Dec 13 (Reuters) - Online luxury retailer Farfetch FTCH.N is in talks with Apollo Global Management to secure emergency funding for shoring up its finances, Sky News reported on Wednesday. The report indicated it was unclear whether the new capital would be provided as debt or equity, or a combination of the two and that a deal was far from certain to be reached. In November, the Telegraph first reported Farfetch founder and CEO José Neves was in talks with top shareholders, including Cartier owner Richemont CFR.S, to take the company private.
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713348.0
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2023-12-11 00:00:00 UTC
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Nu Skin (NUS) Down More Than 20% in 3 Months: Here's Why
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https://www.nasdaq.com/articles/nu-skin-nus-down-more-than-20-in-3-months%3A-heres-why
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Nu Skin Enterprises, Inc. NUS is battling persistent macroeconomic challenges, which have been hurting its customer acquisition. The global integrated beauty and wellness company’s international presence keeps it exposed to risks of unfavorable currency rates. These downsides hurt Nu Skin’s third-quarter 2023 performance. Also, management lowered its 2023 outlook.
Shares of the Zacks Rank #5 (Strong Sell) company have slumped 23.9% in the past three months compared with the industry’s 8.1% decline. The stock has underperformed the Zacks Consumer Staples’s decline of 1% during this time.
Let’s delve deeper.
Macroeconomic Challenges Hurt Q3 Results
Nu Skin has been encountering persistent macroeconomic obstacles, which continued in the third quarter of 2023. The macroeconomic challenges impacted consumer spending and customer acquisition, mainly in the Mainland China and the Americas segments. This was compounded by the continued strength of the U.S. dollar. Together, these factors dented NUS’ performance.
The company’s quarterly revenues missed the Zacks Consensus Estimate and declined year over year. Revenues of $498.8 million declined 7.3%, with sales leaders falling 6% year over year to 47,031. Nu Skin’s customer base dropped 21% to 978,907 and paid affiliates were down 23% to 186,162. The company’s margin performance remained disappointing in the quarter.
Image Source: Zacks Investment Research
Volatile Currency Movements
Nu Skin’s strong international presence exposes it to the risk of volatile currency movements. Any adverse currency fluctuation is likely to dent the company’s operating performance. In third-quarter 2023, revenues included a negative impact of 1% from foreign currency fluctuations. The company envisions unfavorable foreign currency impacts of 3-2% on 2023 revenues.
Path Ahead Looks Rough
Escalating macroeconomic pressures are hampering the core business in key markets. This and unfavorable currency translations, prompted management to revise its 2023 outlook downward. Nu Skin anticipates 2023 revenues of $1.92-$1.96 billion, suggesting a 14-12% year-over-year decline. Earlier, revenues were expected to be $2.00-$2.08 billion.
Management envisions an adjusted earnings per share (EPS) of $1.62-$1.77 compared with the $2.30-$2.60 expected earlier. The projection suggests a decline from adjusted earnings of $2.90 reported last year.
For the fourth quarter, Nu Skin expects revenues between $440 million and $480 million, including an unfavorable foreign currency impact of 3-2%. The current revenue projection suggests a decline of 16% to 8% from the year-ago quarter’s reported level.
Final Thoughts
Nu Skin is on track with the core elements, including the introduction of EmpowerMe, personalized beauty and wellness strategy, expansion of its affiliate-powered social commerce business model and the enhancement of its digital platform. With the help of advanced technology and well-strategized product programs, management tries to capture greater market share and maintain growth momentum. However, let’s see if these upsides can help NUS stay afloat amid such hurdles.
Top-Ranked Staple Stocks
MGP Ingredients, Inc. MGPI produces and markets ingredients and distillery products to the packaged goods industry. The company currently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for MGP Ingredients’ current financial year sales and earnings suggests growth of almost 6% and 14.2%, respectively, from the year-ago reported figures. MGPI has a trailing four-quarter earnings surprise of 16.2% on average.
Celsius Holdings CELH, which offers functional drinks and liquid supplements, carries a Zacks Rank #2. CELH delivered an earnings surprise of 81.6% in the third quarter of 2023.
The Zacks Consensus Estimate for Celsius Holdings’ current financial year sales and earnings suggests growth of 98.5% and 185.2%, respectively, from the year-ago reported numbers.
Vital Farms Inc. VITL offers a range of produced pasture-raised foods. It currently has a Zacks Rank #2. VITL has a trailing four-quarter earnings surprise of 145% on average.
The Zacks Consensus Estimate for Vital Farms’ current financial year sales suggests growth of 29.4% from the year-ago reported figure.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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 Skin Enterprises, Inc. (NUS) : Free Stock Analysis Report
MGP Ingredients, Inc. (MGPI) : Free Stock Analysis Report
Celsius Holdings Inc. (CELH) : Free Stock Analysis Report
Vital Farms, Inc. (VITL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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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Final Thoughts Nu Skin is on track with the core elements, including the introduction of EmpowerMe, personalized beauty and wellness strategy, expansion of its affiliate-powered social commerce business model and the enhancement of its digital platform. The Zacks Consensus Estimate for Celsius Holdings’ current financial year sales and earnings suggests growth of 98.5% and 185.2%, respectively, from the year-ago reported numbers. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
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Image Source: Zacks Investment Research Volatile Currency Movements Nu Skin’s strong international presence exposes it to the risk of volatile currency movements. The Zacks Consensus Estimate for Vital Farms’ current financial year sales suggests growth of 29.4% from the year-ago reported figure. Click to get this free report Nu Skin Enterprises, Inc. (NUS) : Free Stock Analysis Report MGP Ingredients, Inc. (MGPI) : Free Stock Analysis Report Celsius Holdings Inc. (CELH) : Free Stock Analysis Report Vital Farms, Inc. (VITL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The company’s quarterly revenues missed the Zacks Consensus Estimate and declined year over year. The Zacks Consensus Estimate for MGP Ingredients’ current financial year sales and earnings suggests growth of almost 6% and 14.2%, respectively, from the year-ago reported figures. Click to get this free report Nu Skin Enterprises, Inc. (NUS) : Free Stock Analysis Report MGP Ingredients, Inc. (MGPI) : Free Stock Analysis Report Celsius Holdings Inc. (CELH) : Free Stock Analysis Report Vital Farms, Inc. (VITL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Macroeconomic Challenges Hurt Q3 Results Nu Skin has been encountering persistent macroeconomic obstacles, which continued in the third quarter of 2023. The company’s quarterly revenues missed the Zacks Consensus Estimate and declined year over year. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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713349.0
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2023-12-11 00:00:00 UTC
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Juniper (JNPR) Solution Boost Data Center Automation in Finland
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https://www.nasdaq.com/articles/juniper-jnpr-solution-boost-data-center-automation-in-finland
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Juniper Networks, Inc. JNPR announced that DNA, a leading telecommunications company in Finland, has opted to deploy Juniper Apstra Solution to automate data center infrastructure. Along with Juniper’s technology, the Finnish telecom entity also leveraged NEC Corporation’s multi-domain network systems integration capability to deploy the automation features.
As digital transformation gains pace worldwide, industries are experiencing a significant uptick in data-intensive applications. This data surge has resulted in multiple challenges in data centers. Complexity in operations, scalability limitations, configuration errors and resource optimization are primary challenges faced by data center operators. Juniper Apstra can effectively address these issues.
Apstra offers an intent-based networking solution aimed at streamlining and automating the design, installation and operation of data center networks. Its cutting-edge features provide comprehensive end-to-end visibility in real-time, enabling performance optimization in a multivendor environment. Leveraging these real-time insights, Apstra also provides highly precise root cause analysis of network issues. It boosts transparency in network operations.
These capabilities will empower DNA to reduce data center downtime, improve service reliability and enhance overall productivity. Furthermore, the solution ensures swift troubleshooting and strengthens security through closed-loop assurance and a self-validation procedure.
DNA’s latest data center will act as a unified platform for business-to-business customer services and internal IT services. By integrating Juniper’s technology, DNA is aiming to reduce complexity in operations, reduce human errors and enable operators to optimize workloads. This allows staff to focus on more strategic and complex aspects of data center management. This will better equip operators to venture into new revenue-generating opportunities and provide the scalability to match changing demand patterns.
Apstra will further enable DNA to establish data center network templates based on specific business goals. To obtain DNA’s defined outcomes, Apstra seamlessly transformed these templates into network configurations.
Additionally, Juniper's offerings also include the QFX Series switches for DNA’s Telco cloud sites across Finland. The solution delivers high throughput and reliability required to match the low latency network requirements of mobile users.
Juniper is leveraging the 400-gig cycle to capture hyperscale switching opportunities inside the data center. The company is set to capitalize on the increasing demand for data center virtualization, cloud computing and mobile traffic packet/optical convergence. It offers a wide array of products, such as the T4000 core router, QFX data center platform, ACX and PTX packet/optical solution, among others.
With the growing usage of smartphones and tablets, mobile data traffic has gone up. This has resulted in higher demand for advanced networking architecture, leading service providers to spend more on routers and switches. It is witnessing strong momentum across core industry verticals and is confident about its long-term prospects. Juniper is expected to benefit from the higher spending pattern among carriers to upgrade their networks and support the incremental growth in data traffic.
The stock has lost 11.8% in the past year against the industry's growth of 0.2%.
Image Source: Zacks Investment Research
Juniper currently carries a zacks rank #3 (Hold).
Stocks to Consider
Model N Inc MODN, carrying a Zacks Rank #2 (Buy) at present, delivered an earnings surprise of 20.78%, on average, in the trailing four quarters. In the last reported quarter, it pulled off an earnings surprise of 3.33%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
MODN provides revenue management solutions for life sciences and technology companies, including applications for configuration, price, quote, rebate management and regulatory compliance.
NVIDIA Corporation NVDA, currently carrying a Zacks Rank #2, delivered an earnings surprise of 18.99%, on average, in the trailing four quarters. In the last reported quarter, it pulled off an earnings surprise of 19.64%.
NVIDIA is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit. Over the years, the company’s focus evolved from PC graphics to AI-based solutions that support high-performance computing, gaming and virtual reality platforms.
Arista Networks, Inc. ANET, carrying a Zacks Rank #2, is likely to benefit from strong momentum and diversification across its top verticals and product lines. The company has a software-driven, data-centric approach to help customers build their cloud architecture and enhance their cloud experience. Arista has delivered an earnings surprise of 12%, on average, in the trailing four quarters.
ANET holds a leadership position in 100-gigabit Ethernet switching share in port for the high-speed data center segment. Arista is gaining market traction in 200- and 400-gigabit high-performance switching products and is well-positioned for healthy growth in the data-driven cloud networking business with proactive platforms and predictive operations.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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
Juniper Networks, Inc. (JNPR) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
Model N, Inc. (MODN) : Free Stock Analysis Report
Arista Networks, Inc. (ANET) : 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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Along with Juniper’s technology, the Finnish telecom entity also leveraged NEC Corporation’s multi-domain network systems integration capability to deploy the automation features. Over the years, the company’s focus evolved from PC graphics to AI-based solutions that support high-performance computing, gaming and virtual reality platforms. Arista is gaining market traction in 200- and 400-gigabit high-performance switching products and is well-positioned for healthy growth in the data-driven cloud networking business with proactive platforms and predictive operations.
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Juniper Networks, Inc. JNPR announced that DNA, a leading telecommunications company in Finland, has opted to deploy Juniper Apstra Solution to automate data center infrastructure. By integrating Juniper’s technology, DNA is aiming to reduce complexity in operations, reduce human errors and enable operators to optimize workloads. Click to get this free report Juniper Networks, Inc. (JNPR) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Model N, Inc. (MODN) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Juniper Networks, Inc. JNPR announced that DNA, a leading telecommunications company in Finland, has opted to deploy Juniper Apstra Solution to automate data center infrastructure. Apstra offers an intent-based networking solution aimed at streamlining and automating the design, installation and operation of data center networks. Click to get this free report Juniper Networks, Inc. (JNPR) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Model N, Inc. (MODN) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Juniper Networks, Inc. JNPR announced that DNA, a leading telecommunications company in Finland, has opted to deploy Juniper Apstra Solution to automate data center infrastructure. By integrating Juniper’s technology, DNA is aiming to reduce complexity in operations, reduce human errors and enable operators to optimize workloads. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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58dafced-cc3e-45c7-9e58-b33c3d55d0dc
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713350.0
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2023-12-11 00:00:00 UTC
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TotalEnergies (TTE) Buys Startups, Expands Electrical Business
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https://www.nasdaq.com/articles/totalenergies-tte-buys-startups-expands-electrical-business
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TotalEnergies TTE announced that it acquired a few startups to boost its Electrical Business operations.
The company acquired three start-ups that have benefited from its TotalEnergies On acceleration program. It also acquired a controlling interest in Time2plug (56% stake) to facilitate and accelerate the deployment of electric vehicle (“EV”) charging points in France for its small B2B customers.
How These Acquisitions Will Assist TTE
TotalEnergies’ long-term goal is to build a portfolio of low-carbon businesses that could account for 15-20% of its sales by 2040.
With the acquisition of Dsflow, TotalEnergies will provide its multi-site, electricity-intensive B2B customers with an innovative Software-as-a-Service solution to pilot their assets in real-time and optimize their procurement strategy.
Acquisition of NASH Renewables will allow TotalEnergies to utilize the software platform developed by the former to optimize the design and operating parameters of its renewable projects with a design-to-value approach.
The acquisition of Predictive Layer will allow TotalEnergies to benefit from the former’s machine learning and artificial intelligence solutions, which focus on energy price forecasting on both physical and derivatives markets, as well as other tailor-made forecast modeling of demand, supply, production or non-commodity trading.
The acquisition of these startups, which specialize in different areas, will assist TotalEnergies in further expanding its electrical business across the globe.
TotalEnergies has already decided on its long-term renewable energy goal of generating more than 100 terawatt hours of clean energy by 2030. The company will make substantial investments each year in its renewable business to expand operations globally.
Renewables to Play a Crucial Part in Energy Mix
Per the International Energy Agency report, by 2030, renewable energy will supply 50% of the world's electricity needs, up from about 30% at the current levels. A global tilt toward clean energy sources is evident, which creates opportunities for companies in the clean energy generation business.
TotalEnergies has been making efforts to cut emissions and add more clean energy generation assets to its portfolio. Given the substantial growth opportunity in this space, 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 make large investments 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. The company plans to develop nearly 50 gigawatt (GW) by 2030 of net renewable generating capacity globally, up from 3.3 GW in 2021.
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 making efforts to end routine flaring by 2030.
Price Performance
Over the past six months, shares of TTE have risen 13.9% compared with the industry’s growth of 12.6%.
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.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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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It also acquired a controlling interest in Time2plug (56% stake) to facilitate and accelerate the deployment of electric vehicle (“EV”) charging points in France for its small B2B customers. With the acquisition of Dsflow, TotalEnergies will provide its multi-site, electricity-intensive B2B customers with an innovative Software-as-a-Service solution to pilot their assets in real-time and optimize their procurement strategy. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
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Given the substantial growth opportunity in this space, 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. Image Source: Zacks Investment Research Zacks Rank TotalEnergies currently has a Zacks Rank #3 (Hold). (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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Renewables to Play a Crucial Part in Energy Mix Per the International Energy Agency report, by 2030, renewable energy will supply 50% of the world's electricity needs, up from about 30% at the current levels. A global tilt toward clean energy sources is evident, which creates opportunities for companies in the clean energy generation business. (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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The company will make substantial investments each year in its renewable business to expand operations globally. TotalEnergies has been making efforts to cut emissions and add more clean energy generation assets to its portfolio. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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1c7d8067-cec5-4a45-b5c9-c3dcd0b8a1ca
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713351.0
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2023-12-11 00:00:00 UTC
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UPS Revamps Asia-Pacific Network to Boost Regional Business
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https://www.nasdaq.com/articles/ups-revamps-asia-pacific-network-to-boost-regional-business
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United Parcel Service, Inc. UPS recently introduced a new intra-Asia flight route. Passengers of UPS in Singapore and Indonesia can now make deliveries to the United States within two business days.
This step reduces delivery times from Singapore and Indonesia to the United States by one business day. Moreover, UPS is slashing delivery times on lithium battery shipments from Ho Chi Minh City to the United States and Europe by as much as two business days. This comes right after the recent expansion of the Changi Airport hub in Singapore.
UPS Asia Pacific President Wilfredo Ramos stated, “This is such an exciting announcement as it significantly benefits a really wide range of businesses located across the region and in a number of high growth sectors such as high tech and healthcare.”
This move is expected to benefit small businesses with faster delivery times and seamless connectivity. This is expected to build a strong and reliable customer base, thereby boosting traffic growth.
Zacks Rank and Stocks to Consider
Currently, UPS carries a Zacks Rank #3 (Hold).
Some better-ranked stocks for investors interested in the Zacks Transportation sector are 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 new 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 of the following year as part of its expanded international summer 2024 flying schedule to cater to increased demand.
SkyWest currently carries a Zacks Rank #2 (Buy). SKYW's fleet-modernization efforts are commendable. Initiatives to reward its shareholders also bode well. The Zacks Consensus Estimate for current-quarter earnings has surged 83.3% in the past 60 days.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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 Parcel Service, Inc. (UPS) : Free Stock Analysis Report
SkyWest, Inc. (SKYW) : 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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Moreover, UPS is slashing delivery times on lithium battery shipments from Ho Chi Minh City to the United States and Europe by as much as two business days. UPS Asia Pacific President Wilfredo Ramos stated, “This is such an exciting announcement as it significantly benefits a really wide range of businesses located across the region and in a number of high growth sectors such as high tech and healthcare.” This move is expected to benefit small businesses with faster delivery times and seamless connectivity. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
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United Parcel Service, Inc. UPS recently introduced a new intra-Asia flight route. Some better-ranked stocks for investors interested in the Zacks Transportation sector are Air Canada ACDVF and SkyWest SKYW. Click to get this free report United Parcel Service, Inc. (UPS) : Free Stock Analysis Report SkyWest, Inc. (SKYW) : Free Stock Analysis Report Air Canada (ACDVF) : Free Stock Analysis Report To read this article on Zacks.com click here.
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UPS Asia Pacific President Wilfredo Ramos stated, “This is such an exciting announcement as it significantly benefits a really wide range of businesses located across the region and in a number of high growth sectors such as high tech and healthcare.” This move is expected to benefit small businesses with faster delivery times and seamless connectivity. Zacks Rank and Stocks to Consider Currently, UPS carries a Zacks Rank #3 (Hold). Click to get this free report United Parcel Service, Inc. (UPS) : Free Stock Analysis Report SkyWest, Inc. (SKYW) : Free Stock Analysis Report Air Canada (ACDVF) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Passengers of UPS in Singapore and Indonesia can now make deliveries to the United States within two business days. Air Canada currently sports a Zacks Rank #1 (Strong Buy). Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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462ecee4-1b76-4283-bb62-fc321e405d96
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713352.0
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2023-12-11 00:00:00 UTC
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Time for Apple ETFs on Optimism for Holiday Season & Beyond?
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https://www.nasdaq.com/articles/time-for-apple-etfs-on-optimism-for-holiday-season-beyond
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Apple Inc. AAPL has recorded more than 50% gains this year (as of Dec 11, 2023). However, its performance lagged some of its tech peers due to subdued demand for its hardware products, influenced by a cautious consumer sentiment.
But the fate of Apple could rebound from this holiday season. At least, Wedbush analyst Daniel Ives believes so. Even Warrant Buffett’s Berkshire Hathaway has 50% of its weight in Apple, up from about 39% in the fourth quarter of 2022. Let’s delve a little deeper (read: Buffett's Favorite 4 Sectors: ETFs in Focus).
Insight From Wedbush Analyst Daniel Ives
Wedbush analyst Daniel Ives, who maintains an Outperform rating on Apple, has raised the price target from $240 to $250. Ives holds an optimistic view regarding Apple's future, predicting that it will become the first company to reach a market capitalization of $4 trillion.
Apple stock was priced at $193.18 with a market cap of $3.04 trillion at the end of Dec 11, 2023. Ives anticipates that this target of $4 trillion market cap will likely be achieved by the end of 2024. This positive outlook stems from the expected growth and monetization prospects for the company in the upcoming year.
Expectations for a Strong Holiday Season
The analyst also foresees a robust holiday season for Apple, with expectations of iPhone sales outpacing forecasts for the December quarter. Strong upgrade activity in both the United States and China is also expected to contribute significantly to this favorable trend.
What Lies Ahead in 2024?
Ives highlights several factors that contribute to Apple's positive outlook. These include an expected increase in the average selling price of Apple products, projecting it to be $925 compared to the range of $825-$850 observed in recent years.
Shares of the tech giant suffered in September amid reports of China planning to expand a ban on the use of iPhones to government-backed agencies and state companies. These concerns are expected to moderate as Apple appears to be weakening manufacturing ties with China. Talks are doing rounds that Apple is relocating its manufacturing base from China to India (read: What Lies Ahead for Apple ETFs After iPhone Use Ban?).
For 2024, Apple anticipates potential growth opportunities with new MacBooks featuring M3 chips and the launch of the Vision Pro headset. Apple’s focus on augmented reality/virtual reality (AR/VR) technologies presents growth opportunities for the long haul.
Subdued Hardware Sales Growth to Be Nullified by Strong Services Revenues?
Ives points out that Services revenues have been experiencing steady double-digit growth. Apple’s Services and Wearables businesses are expected to drive top-line growth in fiscal 2024 and beyond. While Apple's core business revolves mainly around its flagship iPhone, the Services division has become the company's cash cow lately.
Apple's efforts to expand its ecosystem through collaborations with companies like Samsung and Amazon bode well for the Services sector. The subscription-based video streaming, news, and gaming services are anticipated to thrive due to Apple's extensive user base. Plus, the App Store's strong sales, combined with the widespread adoption of Apple Pay and Apple Music, have also contributed to this growth.
What Does Valuation Say About the Stock?
Apple shares are currently trading at 28.41X forward 12-month earnings, which compares to 27.72X for the Zacks sub-industry, 24.4X for the Zacks sector and 19.09X for the S&P 500 Index.
Although Apple’s current multiple is higher than the sub-industry, it is still lower than sub-industry’s five-year high of 32.32X.
Are ETFs Better Bets?
Investors intending to follow Warren Buffett but still wary of the slowing sales of Apple may take the ETF route. This is because ETFs helps investors to mitigate one company’s average performance with the other companies’ stellar results.
Below we highlight a few ETFs with heavy exposure to Apple for investors seeking to bet on the stock with much lower risk.
iShares Dow Jones US Technology ETF IYW – AAPL takes the second spot with 18.07% weight. The fund has a Zacks Rank #2 (Buy).
Select Sector SPDR Technology ETF XLK – AAPL holds the second spot with 22.69% weight. The fund has a Zacks Rank #2.
Vanguard Information Technology ETF VGT – AAPL occupies the first location with 20.40% weight. The fund has a Zacks Rank #2.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.
Get it free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Apple Inc. (AAPL) : Free Stock Analysis Report
Technology Select Sector SPDR ETF (XLK): ETF Research Reports
iShares U.S. Technology ETF (IYW): ETF Research Reports
Vanguard Information Technology ETF (VGT): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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These include an expected increase in the average selling price of Apple products, projecting it to be $925 compared to the range of $825-$850 observed in recent years. Shares of the tech giant suffered in September amid reports of China planning to expand a ban on the use of iPhones to government-backed agencies and state companies. The subscription-based video streaming, news, and gaming services are anticipated to thrive due to Apple's extensive user base.
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Insight From Wedbush Analyst Daniel Ives Wedbush analyst Daniel Ives, who maintains an Outperform rating on Apple, has raised the price target from $240 to $250. Select Sector SPDR Technology ETF XLK – AAPL holds the second spot with 22.69% weight. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Technology Select Sector SPDR ETF (XLK): ETF Research Reports iShares U.S. Technology ETF (IYW): ETF Research Reports Vanguard Information Technology ETF (VGT): ETF Research Reports To read this article on Zacks.com click here.
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Talks are doing rounds that Apple is relocating its manufacturing base from China to India (read: What Lies Ahead for Apple ETFs After iPhone Use Ban?). Plus, the App Store's strong sales, combined with the widespread adoption of Apple Pay and Apple Music, have also contributed to this growth. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Technology Select Sector SPDR ETF (XLK): ETF Research Reports iShares U.S. Technology ETF (IYW): ETF Research Reports Vanguard Information Technology ETF (VGT): ETF Research Reports To read this article on Zacks.com click here.
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Let’s delve a little deeper (read: Buffett's Favorite 4 Sectors: ETFs in Focus). Below we highlight a few ETFs with heavy exposure to Apple for investors seeking to bet on the stock with much lower risk. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Technology Select Sector SPDR ETF (XLK): ETF Research Reports iShares U.S. Technology ETF (IYW): ETF Research Reports Vanguard Information Technology ETF (VGT): ETF Research Reports To read this article on Zacks.com click here.
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2023-12-11 00:00:00 UTC
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Consumer Sector Update for 12/13/2023: FTCH, ETSY, TSLA
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https://www.nasdaq.com/articles/consumer-sector-update-for-12-13-2023%3A-ftch-etsy-tsla
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Consumer stocks were mixed Wednesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.5% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.7%.
In corporate news, Farfetch (FTCH) shares jumped 18%. The company is in talks to secure emergency funding from Apollo Global Management (APO) in a move to bolster its finances, Sky News reported.
Etsy (ETSY) said Wednesday in a regulatory filing it will be reducing its marketplace workforce by 11%, or 225 employees, as part of a restructuring plan. Its shares fell 5.8%.
Tesla (TSLA) declined 2.8%, a day after the company said its Model 3 Rear-Wheel Drive and Long Range vehicles will no longer qualify for a $7,500 federal tax credit starting Dec. 31, under new battery production rules from the US Inflation Reduction Act. Meanwhile, Tesla is recalling more than 2 million vehicles for a software update amid concerns that autopilot controls aren't enough to prevent driver misuse, the National Highway Traffic Safety Administration said.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company is in talks to secure emergency funding from Apollo Global Management (APO) in a move to bolster its finances, Sky News reported. Tesla (TSLA) declined 2.8%, a day after the company said its Model 3 Rear-Wheel Drive and Long Range vehicles will no longer qualify for a $7,500 federal tax credit starting Dec. 31, under new battery production rules from the US Inflation Reduction Act. Meanwhile, Tesla is recalling more than 2 million vehicles for a software update amid concerns that autopilot controls aren't enough to prevent driver misuse, the National Highway Traffic Safety Administration said.
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Consumer stocks were mixed Wednesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.5% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.7%. Etsy (ETSY) said Wednesday in a regulatory filing it will be reducing its marketplace workforce by 11%, or 225 employees, as part of a restructuring plan. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Consumer stocks were mixed Wednesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.5% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.7%. Tesla (TSLA) declined 2.8%, a day after the company said its Model 3 Rear-Wheel Drive and Long Range vehicles will no longer qualify for a $7,500 federal tax credit starting Dec. 31, under new battery production rules from the US Inflation Reduction Act. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Consumer stocks were mixed Wednesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.5% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.7%. In corporate news, Farfetch (FTCH) shares jumped 18%. The company is in talks to secure emergency funding from Apollo Global Management (APO) in a move to bolster its finances, Sky News reported.
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2023-12-11 00:00:00 UTC
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Blueprint (BPMC) Gets EC Nod for Ayvakit Expanded Use, Stock Up
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https://www.nasdaq.com/articles/blueprint-bpmc-gets-ec-nod-for-ayvakit-expanded-use-stock-up
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Blueprint Medicine BPMC announced that the European Commission (EC) has approved the label expansion of Ayvakit (avapritinib) to include the treatment of adult patients with indolent systemic mastocytosis (ISM) with moderate to severe symptoms inadequately controlled on symptomatic treatment.
Following the EC approval, Ayvakit, a kinase inhibitor, became the first and only approved therapy for ISM patients in the EU.
Blueprint plans to initiate its first commercial launch of Ayvakit for this expanded indication in Germany, followed by additional markets based on local healthcare technology assessment and reimbursement process timelines.
Notably, in May 2023, Blueprint received regulatory approval, expanding Ayvakit’s label to include ISM treatment in the United States. Ayvakit is now approved for three indications, both in the United States and EU, adults with PDGFRA Exon 18 mutant gastrointestinal stromal tumors, adults with advanced systemic mastocytosis and adults with ISM.
Blueprint’s stock gained 5% in the last trading session as the investors cheered the label expansion of Ayvakit in the EU which is expected to further drive up revenues for the company. Year to date, the shares of BPMC have surged 94% against the industry’s 19.9% decline.
Image Source: Zacks Investment Research
We would like to remind the investors that in November 2023, the advisory committee of the EU regulatory body adopted a positive opinion, recommending the approval of Ayvakit in ISM. The decision of the EU regulatory body approving Ayvakit for the ISM indication follows the positive recommendation by the advisory committee.
The approval for the label expansion of Ayvakit in the EU was based on positive data from the company’s PIONEER study– the largest study ever conducted in ISM. In the study, it was observed that treatment with Ayvakit resulted in clinically meaningful improvements compared to placebo in the primary and all key secondary endpoints, including overall symptoms and measures of mast cell burden.
Additionally, Ayvakit was found to be generally well-tolerated with a favorable safety profile. Adverse events (AEs) related to treatment were mild in severity. The most common AEs were flushing, edema, increased blood alkaline phosphate and insomnia.
Systemic Mastocytosis (SM) is a rare disease that is caused by KIT D816V mutation in most cases. It is a result of abnormal growth of mast cells in the human body resulting in chronic, severe, and often unprecedented symptoms in multiple organs. According to demographics, most patients suffer from non-advanced (indolent or smoldering) SM.
Blueprint Medicines Corporation Price and Consensus
Blueprint Medicines Corporation price-consensus-chart | Blueprint Medicines Corporation Quote
Zacks Rank and Stocks to Consider
Blueprint currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks worth mentioning are Puma Biotechnology, Inc. PBYI, ADMA Biologics ADMA and Agenus AGEN. While PBYI sports a Zacks Rank #1 (Strong Buy), ADMA and AGEN carry a Zacks Rank #2 (Buy) each at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
In the past 30 days, the Zacks Consensus Estimate for Puma Biotech’s 2023 earnings per share (EPS) has remained constant at 72 cents. During the same time frame, the consensus estimate for Puma Biotech’s 2024 EPS has increased from 62 cents to 64 cents. In the year so far, shares of PBYI have lost 11.6%.
PBYI’s earnings beat estimates in three of the last four quarters while missing on one occasion, delivering a four-quarter average earnings surprise of 76.55%.
In the past 30 days, the Zacks Consensus Estimate for ADMA Biologics’ 2023 loss per share has remained constant at 3 cents. The consensus estimate for ADMA Biologics’ 2024 EPS is pegged at 16 cents. In the year so far, shares of ADMA have lost 3.6%.
ADMA beat estimates in three of the trailing four quarters and matched in one, delivering an average earnings surprise of 63.57%.
In the past 30 days, the Zacks Consensus Estimate for Agenus’ 2023 loss per share has remained constant at 63 cents. During the same time frame, the consensus estimate for Agenus’ 2024 loss per share has remained constant at 45 cents. In the year so far, shares of AGEN have plunged 66.7%.
AGEN beat estimates in one of the trailing four quarters, matching in one and missing the mark on the other two occasions, delivering an average earnings surprise of 0.49%.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Agenus Inc. (AGEN) : Free Stock Analysis Report
Puma Biotechnology, Inc. (PBYI) : Free Stock Analysis Report
ADMA Biologics Inc (ADMA) : Free Stock Analysis Report
Blueprint Medicines Corporation (BPMC) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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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Blueprint plans to initiate its first commercial launch of Ayvakit for this expanded indication in Germany, followed by additional markets based on local healthcare technology assessment and reimbursement process timelines. Image Source: Zacks Investment Research We would like to remind the investors that in November 2023, the advisory committee of the EU regulatory body adopted a positive opinion, recommending the approval of Ayvakit in ISM. In the study, it was observed that treatment with Ayvakit resulted in clinically meaningful improvements compared to placebo in the primary and all key secondary endpoints, including overall symptoms and measures of mast cell burden.
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Blueprint Medicines Corporation Price and Consensus Blueprint Medicines Corporation price-consensus-chart | Blueprint Medicines Corporation Quote Zacks Rank and Stocks to Consider Blueprint currently carries a Zacks Rank #3 (Hold). In the past 30 days, the Zacks Consensus Estimate for Puma Biotech’s 2023 earnings per share (EPS) has remained constant at 72 cents. Click to get this free report Agenus Inc. (AGEN) : Free Stock Analysis Report Puma Biotechnology, Inc. (PBYI) : Free Stock Analysis Report ADMA Biologics Inc (ADMA) : Free Stock Analysis Report Blueprint Medicines Corporation (BPMC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Blueprint Medicine BPMC announced that the European Commission (EC) has approved the label expansion of Ayvakit (avapritinib) to include the treatment of adult patients with indolent systemic mastocytosis (ISM) with moderate to severe symptoms inadequately controlled on symptomatic treatment. Blueprint Medicines Corporation Price and Consensus Blueprint Medicines Corporation price-consensus-chart | Blueprint Medicines Corporation Quote Zacks Rank and Stocks to Consider Blueprint currently carries a Zacks Rank #3 (Hold). Click to get this free report Agenus Inc. (AGEN) : Free Stock Analysis Report Puma Biotechnology, Inc. (PBYI) : Free Stock Analysis Report ADMA Biologics Inc (ADMA) : Free Stock Analysis Report Blueprint Medicines Corporation (BPMC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Blueprint Medicine BPMC announced that the European Commission (EC) has approved the label expansion of Ayvakit (avapritinib) to include the treatment of adult patients with indolent systemic mastocytosis (ISM) with moderate to severe symptoms inadequately controlled on symptomatic treatment. Notably, in May 2023, Blueprint received regulatory approval, expanding Ayvakit’s label to include ISM treatment in the United States. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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2023-12-11 00:00:00 UTC
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3 Reasons Why Growth Investors Shouldn't Overlook Amazon (AMZN)
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https://www.nasdaq.com/articles/3-reasons-why-growth-investors-shouldnt-overlook-amazon-amzn-0
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Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.
That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.
However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects, makes it pretty easy to find cutting-edge growth stocks.
Amazon (AMZN) is on the list of such stocks currently recommended by our proprietary system. In addition to a favorable Growth Score, it carries a top Zacks Rank.
Research shows that stocks carrying the best growth features consistently beat the market. And for stocks that have a combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy), returns are even better.
Here are three of the most important factors that make the stock of this online retailer a great growth pick right now.
Earnings Growth
Arguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. For growth investors, double-digit earnings growth is highly preferable, as it is often perceived as an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for Amazon is 7.4%, investors should actually focus on the projected growth. The company's EPS is expected to grow 276.3% this year, crushing the industry average, which calls for EPS growth of 48.9%.
Impressive Asset Utilization Ratio
Asset utilization ratio -- also known as sales-to-total-assets (S/TA) ratio -- is often overlooked by investors, but it is an important indicator in growth investing. This metric exhibits how efficiently a firm is utilizing its assets to generate sales.
Right now, Amazon has an S/TA ratio of 1.17, which means that the company gets $1.17 in sales for each dollar in assets. Comparing this to the industry average of 0.8, it can be said that the company is more efficient.
In addition to efficiency in generating sales, sales growth plays an important role. And Amazon looks attractive from a sales growth perspective as well. The company's sales are expected to grow 11% this year versus the industry average of 0%.
Promising Earnings Estimate Revisions
Beyond the metrics outlined above, investors should consider the trend in earnings estimate revisions. A positive trend is a plus here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
The current-year earnings estimates for Amazon have been revising upward. The Zacks Consensus Estimate for the current year has surged 0.2% over the past month.
Bottom Line
Amazon has not only earned a Growth Score of A based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #2 because of the positive earnings estimate revisions.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination indicates that Amazon is a potential outperformer and a solid choice for growth investors.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
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However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects, makes it pretty easy to find cutting-edge growth stocks. Impressive Asset Utilization Ratio Asset utilization ratio -- also known as sales-to-total-assets (S/TA) ratio -- is often overlooked by investors, but it is an important indicator in growth investing. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
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However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects, makes it pretty easy to find cutting-edge growth stocks. For growth investors, double-digit earnings growth is highly preferable, as it is often perceived as an indication of strong prospects (and stock price gains) for the company under consideration. Bottom Line Amazon has not only earned a Growth Score of A based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #2 because of the positive earnings estimate revisions.
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Earnings Growth Arguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. Promising Earnings Estimate Revisions Beyond the metrics outlined above, investors should consider the trend in earnings estimate revisions. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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2023-12-11 00:00:00 UTC
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Rescheduling & Legalization: 7 Cannabis Stocks Set to Surge in 2024
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https://www.nasdaq.com/articles/rescheduling-legalization%3A-7-cannabis-stocks-set-to-surge-in-2024
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
As 2024 looms on the horizon, the cannabis sector stands at the cusp of an exciting era. This likely surge is fueled by a blend of political backing and a shift in public opinion. A major recent development for the industry is the U.S. Department of Health and Human Services’ recommendation to reclassify marijuana as a Schedule III controlled substance, an initiative supported by six governors. This change is in line with the growing public endorsement, particularly evident in states like Ohio and Florida, adding to the allure of wagering on cannabis stocks for 2024.
The decriminalization and normalization of cannabis mirrors public sentiment while promising massive financial advantages. Given these progressive changes, the cannabis industry’s growth trajectory in 2024 seems remarkably well-supported. With this backdrop, let’s explore seven cannabis stocks for 2024 that are ripe for long-term investment.
Curaleaf Holdings (CURLF)
Source: Jetacom Autofocus / Shutterstock.com
Curaleaf Holdings (OTCMKTS:CURLF) is an enticing pick at current prices and in the current backdrop in the marijuana realm. Moreover, its third quarter results have showcased robust financial health, reporting operating and free cash flow of $47 million and $33 million, respectively. Moreover, its outlook remains optimistic, forecasting a dynamic finish to the year and a promising start to 2024. Such projections hint at an encouraging surge in sales and EBITDA, fueling an upward trajectory in stock performance.
Furthermore, Curaleaf’s investment in research and development isn’t just a financial maneuver; it’s a major step towards tapping the lucrative medicinal cannabis market in Europe. This segment remains ripe with opportunities and remains a major value driver for the company. What’s more, Curaleaf’s current trading position is compelling, standing at just 2.3 times forward sales estimates. Coupled with a 38% uptick over a six-month period, the company’s stock presents an appealing proposition for those eyeing potential in the cannabis sector.
Green Thumb Industries (GTBIF)
Source: Shutterstock
Green Thumb Industries (OTCMKTS:GTBIF) stands out in the cannabis sector as a pure-play delivering consistent cash flow. Achieving profitability in the cannabis sphere is no small feat, and Green Thumb’s robust financial health effectively positions it for industry dominance with its A-graded profitability profile.
In its most recent financial quarter, Green Thumb’s performance exceeded market expectations again. The company posted a third-quarter earnings per share (EPS) of five cents, beating forecasts by a penny. Its revenue climbed to $275.4 million, marking a 5.4% year-over-year increase and exceeding expectations by $18.1 million. The adjusted EBITDA stood at $83 million, roughly 30% of its sales, highlighting its operational efficiency. Also, its cash flow from operations, amounted to $154 million. Adding to its allure, Green Thumb is currently rated as a Strong Buy, showcasing a substantial 41.4% upside potential from its current price levels. This rating not only reflects the company’s strong financials but also signals its promising future in the increasingly competitive cannabis market.
Innovative Industrial Properties (IIPR)
Source: Shutterstock
Innovative Industrial Properties (NYSE:IIPR) is a specialized real-estate-investment-trust (REIT) focusing on the cannabis sphere, presenting a distinctive investment proposition. IIPR stands out with a consistent track record of collecting over 97% of its due rents. Additionally, the company’s anticipated debt restructuring could enhance its financial flexibility, paving the way for strategic acquisitions and reductions in liabilities.
Trading at just 9.8 times forward funds from operations (FFO), the company’s financial performance is noteworthy. Its third-quarter FFO of $2.09 exceeded expectations by four cents, and it reported a year-over-year improvement in sales of 9.8% to $77.8 million, surpassing forecasts by $1.26 million. These robust financials underscore its stability and potential.
Moreover, the stock’s attractive forward dividend yield of over 8% and a five-year dividend growth rate of 45.6% signal robust and growing income prospects. In the context of the rapidly expanding marijuana market, the REIT’s strategic focus renders it an enticing long-term investment.
Valley National Bancorp (VLY)
Source: Shutterstock
Valley National Bancorp (NASDAQ:VLY) presents a unique opportunity as an attractively priced bank stock, trading at 8.60 times GAAP earnings, while offering a healthy 4.4% total yield. What sets VLY apart, however, is its rather unconventional foray into the cannabis sector, making it a compelling pick for bullish investors.
Navigating the financial challenges in the cannabis sphere, due to the federal-level roadblocks has been a daunting task for cannabis companies. Traditional banking institutions have often shied away from offering financial services to such businesses, given the legal complexities. However, Valley National has effectively embraced cannabis banking and established a dedicated division tailored to meet the diverse financial needs of cannabis-related businesses. This foresight positions Valley National as a strategic investment choice, blending traditional banking stability with innovative growth potential in the burgeoning cannabis market.
Verano Holding (VRNOF)
Source: Shutterstock
Verano Holding (OTCMKTS:VRNOF), a relative newcomer founded in 2021, has been riding the momentum of a major tailwind. The potential for adult cannabis legalization in Florida, where it boasts a strong foothold, adds to Verano’s allure, as analysts predict the state’s marijuana sector could triple following legalization, expected in 2024.
However, investing in Verano requires a long-term perspective. The legalization initiative in the state must first overcome legal hurdles, though, and won’t be up for a vote until the following November. Despite this wait, Verano’s stock price presents an attractive opportunity for investors who can stomach the volatility. With 67% of Floridians supporting cannabis legalization, Verano is well-positioned to capitalize on this shifting landscape. Legalization in Florida could dramatically expand Verano’s market reach, boost top-line results streams, and strengthen its position in one of the U.S.’s key cannabis markets.
Leafly Holdings (LFLY)
Source: Tada Images / Shutterstock.com
Leafly Holdings (NASDAQ:LFLY) is a dominant force in the cannabis sector, connecting cannabis enthusiasts with retailers and top licensed brands. Renowned as a comprehensive hub for everything cannabis-related, Leafly stands out in its niche. In its recent financial report for the third quarter, Leafly reported revenues of $10.6 million. Despite a slight dip from the previous year, the company demonstrated financial prudence by slashing operating expenses by 33% to $10.9 million.
Leafly’s stability is evident, maintaining $14.5 million in cash, and its influence in the industry is as seen with the recognition of Permanent Marker as the 2023 Strain of the Year. This Indica-dominant hybrid has soared in popularity, expanding from 10 to 587 stores within a year. The strain’s success is a testament to Leafly’s market influence, shaping consumer trends. Additionally, its expanded partnership with GetGreenline ULC in Canada enhances operational efficiency for cannabis operators, integrating pickup and delivery orders with Greenline’s POS system for streamlined retail operations.
OrganiGram Holdings (OGI)
Source: Ralf Liebhold / Shutterstock.com
OrganiGram Holdings (NASDAQ:OGI) is a key figure in Toronto’s cannabis landscape. The company’s trajectory in the recreational cannabis market has been impressive, marked by an encouraging top-line growth, propelled by robust hashish sales and a revival in flower sales.
Moreover, OrganiGram has expanded its portfolio with the launch of THCV products, leveraging whole flowers through popular brands, including SHRED and Trailblazer. This step, along with securing exclusive rights in Canada to Phylos’ high THCV cultivars, underscores their commitment to offering unique user experiences.
Furthermore, the company is strategically converting its grow rooms to use custom-designed F1 hybrid seeds to achieve low-cost production while focusing on terpene-rich, high-potency cultivars. Encouragingly, the company has also seen a rise in international revenue, which adds another layer to its bull case at this time.
On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor’s of science degree in applied accounting from Oxford Brookes University.
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The post Rescheduling & Legalization: 7 Cannabis Stocks Set to Surge in 2024 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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A major recent development for the industry is the U.S. Department of Health and Human Services’ recommendation to reclassify marijuana as a Schedule III controlled substance, an initiative supported by six governors. This foresight positions Valley National as a strategic investment choice, blending traditional banking stability with innovative growth potential in the burgeoning cannabis market. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post Rescheduling & Legalization: 7 Cannabis Stocks Set to Surge in 2024 appeared first on InvestorPlace.
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Green Thumb Industries (GTBIF) Source: Shutterstock Green Thumb Industries (OTCMKTS:GTBIF) stands out in the cannabis sector as a pure-play delivering consistent cash flow. Valley National Bancorp (VLY) Source: Shutterstock Valley National Bancorp (NASDAQ:VLY) presents a unique opportunity as an attractively priced bank stock, trading at 8.60 times GAAP earnings, while offering a healthy 4.4% total yield. This foresight positions Valley National as a strategic investment choice, blending traditional banking stability with innovative growth potential in the burgeoning cannabis market.
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Green Thumb Industries (GTBIF) Source: Shutterstock Green Thumb Industries (OTCMKTS:GTBIF) stands out in the cannabis sector as a pure-play delivering consistent cash flow. Navigating the financial challenges in the cannabis sphere, due to the federal-level roadblocks has been a daunting task for cannabis companies. Leafly Holdings (LFLY) Source: Tada Images / Shutterstock.com Leafly Holdings (NASDAQ:LFLY) is a dominant force in the cannabis sector, connecting cannabis enthusiasts with retailers and top licensed brands.
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Moreover, its third quarter results have showcased robust financial health, reporting operating and free cash flow of $47 million and $33 million, respectively. Green Thumb Industries (GTBIF) Source: Shutterstock Green Thumb Industries (OTCMKTS:GTBIF) stands out in the cannabis sector as a pure-play delivering consistent cash flow. In the context of the rapidly expanding marijuana market, the REIT’s strategic focus renders it an enticing long-term investment.
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2023-12-11 00:00:00 UTC
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C4 Therapeutics (CCCC) Soars on Oncology Deal With Merck
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https://www.nasdaq.com/articles/c4-therapeutics-cccc-soars-on-oncology-deal-with-merck
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C4 Therapeutics, Inc. CCCC or C4T announced that it has entered into an exclusive licensing and collaboration agreement with pharma giant Merck MRK to discover and develop degrader-antibody conjugates (“DACs”) with an initial focus on one oncology target. Shares of C4T surged 98.3% on Dec 12 following the announcement of the deal.
An emerging modality, DAC is designed to selectively target and neutralize disease-causing proteins in cancer cells.
The partnership is looking to leverage C4T’s leading protein degradation technology with Merck’s expertise in biological chemistry.
C4T will be using its proprietary TORPEDO platform to develop degrader while Merck will provide antibody conjugation to create DACs in the discovery phase.
Per the terms of the agreement, C4T and Merck will develop DACs directed to an undisclosed oncology target together. C4T is eligible to receive an upfront payment of $10 million from MRK for the deal, along with milestone payments of approximately $600 million and tiered royalties on net sales if the product is commercialized upon potential approval.
Merck will lead the preclinical and clinical development of DAC candidates and will be responsible for the commercialization upon successful development and potential approval of the candidates.
Shares of C4T have plunged 71.4% in the past year compared with the industry’s decline of 23.7%.
Image Source: Zacks Investment Research
Per the deal, Merck will have the option to extend the above collaboration by including three additional targets, which in return could generate additional milestones and royalties for C4T. C4T would be eligible to receive up to almost $2.5 billion in potential payments if Merck exercises its options to extend the collaboration.
The deal looks like a good strategic fit for C4T as it provides the company with the much-needed funds to support its pipeline development and continue its research activities.
Zacks Rank & Stocks to Consider
C4T currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the biotech sector are Entrada Therapeutics, Inc. TRDA and Puma Biotechnology, Inc. PBYI, each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
In the past 60 days, estimates for Entrada Therapeutics’ 2023 loss per share have narrowed from $2.07 to 9 cents. Meanwhile, loss per share estimates for 2024 have narrowed from $2.35 to $2.04. In the past year, shares of TRDA have decreased 34.5%.
Earnings of Entrada Therapeutics beat estimates in three of the last four quarters while missing the same on the remaining occasion. TRDA delivered a four-quarter average earnings surprise of 70.68%.
In the past 60 days, estimates for Puma Biotechnology’s 2023 earnings per share have improved from 67 cents to 72 cents. During the same period, earnings per share estimates for 2024 have moved up from 55 cents to 64 cents. In the past year, shares of PBYI have lost 24.1%.
Earnings of Puma Biotechnology beat estimates in three of the last four quarters while missing the same on the remaining occasion. PBYI delivered a four-quarter average earnings surprise of 76.55%.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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
Merck & Co., Inc. (MRK) : Free Stock Analysis Report
Puma Biotechnology, Inc. (PBYI) : Free Stock Analysis Report
C4 Therapeutics, Inc. (CCCC) : Free Stock Analysis Report
Entrada Therapeutics, Inc. (TRDA) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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C4 Therapeutics, Inc. CCCC or C4T announced that it has entered into an exclusive licensing and collaboration agreement with pharma giant Merck MRK to discover and develop degrader-antibody conjugates (“DACs”) with an initial focus on one oncology target. Some better-ranked stocks in the biotech sector are Entrada Therapeutics, Inc. TRDA and Puma Biotechnology, Inc. PBYI, each sporting a Zacks Rank #1 (Strong Buy). Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
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Some better-ranked stocks in the biotech sector are Entrada Therapeutics, Inc. TRDA and Puma Biotechnology, Inc. PBYI, each sporting a Zacks Rank #1 (Strong Buy). In the past 60 days, estimates for Entrada Therapeutics’ 2023 loss per share have narrowed from $2.07 to 9 cents. Click to get this free report Merck & Co., Inc. (MRK) : Free Stock Analysis Report Puma Biotechnology, Inc. (PBYI) : Free Stock Analysis Report C4 Therapeutics, Inc. (CCCC) : Free Stock Analysis Report Entrada Therapeutics, Inc. (TRDA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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C4 Therapeutics, Inc. CCCC or C4T announced that it has entered into an exclusive licensing and collaboration agreement with pharma giant Merck MRK to discover and develop degrader-antibody conjugates (“DACs”) with an initial focus on one oncology target. In the past 60 days, estimates for Puma Biotechnology’s 2023 earnings per share have improved from 67 cents to 72 cents. Click to get this free report Merck & Co., Inc. (MRK) : Free Stock Analysis Report Puma Biotechnology, Inc. (PBYI) : Free Stock Analysis Report C4 Therapeutics, Inc. (CCCC) : Free Stock Analysis Report Entrada Therapeutics, Inc. (TRDA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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In the past 60 days, estimates for Entrada Therapeutics’ 2023 loss per share have narrowed from $2.07 to 9 cents. In the past 60 days, estimates for Puma Biotechnology’s 2023 earnings per share have improved from 67 cents to 72 cents. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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2023-12-11 00:00:00 UTC
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Lazard's (LAZ) November AUM Increases 7.2% to $235.9 Billion
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https://www.nasdaq.com/articles/lazards-laz-november-aum-increases-7.2-to-%24235.9-billion
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Lazard Ltd. LAZ announced its preliminary asset under management (AUM) balance of $235.9 billion for November 2023. This reflects a 7.2% increase from the $220.1 billion recorded as of Oct 31.
The rise in November AUM was driven by a market appreciation of $13.7 billion and foreign-exchange appreciation of $3.5 billion, partially offset by net outflows of $1.3 billion.
Lazard’s equity AUM for November increased 8.4% from the prior month to $181.4 billion. Fixed-income AUM of $46.5 billion grew 4% sequentially. Also, other assets increased marginally to $8 billion.
The company’s investment in the Asset Management segment, impressive cost-control efforts and introduction of investment strategies to enhance its competitive edge are strategic fits. However, increased dependence on financial advisory revenues makes it vulnerable to economic doldrums.
Over the past six months, shares of Lazard have gained 7.4% compared with the industry’s upside of 12.5%.
Image Source: Zacks Investment Research
LAZ currently carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Competitive Landscape
T. Rowe Price Group, Inc. TROW announced its preliminary AUM of $1.39 trillion for November 2023. The figure reflected a 6.3% rise from the previous month.
TROW experienced net outflows of $12.6 billion in November 2023.
Franklin Resources, Inc. BEN reported a preliminary AUM balance of $1.41 trillion for November 2023. This reflected a 6% increase from $1.33 trillion as of Oct 31. The rise in the AUM balance was primarily due to the impacts of positive markets and flat long-term net outflows.
Total month-end fixed-income assets were $494.9 billion, up 5.5% from the prior month’s level. Equity assets of $447.9 billion increased 9% from October 2023. BEN recorded $148.9 billion in multi-asset class, up 5.8% sequentially. Alternative assets aggregated $257.5 billion, up 1.5% from the last month.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Franklin Resources, Inc. (BEN) : Free Stock Analysis Report
T. Rowe Price Group, Inc. (TROW) : Free Stock Analysis Report
Lazard Ltd (LAZ) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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 rise in the AUM balance was primarily due to the impacts of positive markets and flat long-term net outflows. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
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Lazard Ltd. LAZ announced its preliminary asset under management (AUM) balance of $235.9 billion for November 2023. Competitive Landscape T. Rowe Price Group, Inc. TROW announced its preliminary AUM of $1.39 trillion for November 2023. Click to get this free report Franklin Resources, Inc. (BEN) : Free Stock Analysis Report T. Rowe Price Group, Inc. (TROW) : Free Stock Analysis Report Lazard Ltd (LAZ) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The rise in November AUM was driven by a market appreciation of $13.7 billion and foreign-exchange appreciation of $3.5 billion, partially offset by net outflows of $1.3 billion. Lazard’s equity AUM for November increased 8.4% from the prior month to $181.4 billion. Click to get this free report Franklin Resources, Inc. (BEN) : Free Stock Analysis Report T. Rowe Price Group, Inc. (TROW) : Free Stock Analysis Report Lazard Ltd (LAZ) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Lazard Ltd. LAZ announced its preliminary asset under management (AUM) balance of $235.9 billion for November 2023. Lazard’s equity AUM for November increased 8.4% from the prior month to $181.4 billion. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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713359.0
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2023-12-11 00:00:00 UTC
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Is Sterling Infrastructure (STRL) a Solid Growth Stock? 3 Reasons to Think "Yes"
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DCOMP
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https://www.nasdaq.com/articles/is-sterling-infrastructure-strl-a-solid-growth-stock-3-reasons-to-think-yes-0
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nan
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nan
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Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a great growth stock is not easy at all.
By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.
However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects.
Sterling Infrastructure (STRL) is one such stock that our proprietary system currently recommends. The company not only has a favorable Growth Score, but also carries a top Zacks Rank.
Studies have shown that stocks with the best growth features consistently outperform the market. And for stocks that have a combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy), returns are even better.
Here are three of the most important factors that make the stock of this civil construction company a great growth pick right now.
Earnings Growth
Earnings growth is arguably the most important factor, as stocks exhibiting exceptionally surging profit levels tend to attract the attention of most investors. For growth investors, double-digit earnings growth is highly preferable, as it is often perceived as an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for Sterling Infrastructure is 39.8%, investors should actually focus on the projected growth. The company's EPS is expected to grow 32.4% this year, crushing the industry average, which calls for EPS growth of 19%.
Cash Flow Growth
Cash is the lifeblood of any business, but higher-than-average cash flow growth is more beneficial and important for growth-oriented companies than for mature companies. That's because, high cash accumulation enables these companies to undertake new projects without raising expensive outside funds.
Right now, year-over-year cash flow growth for Sterling Infrastructure is 52.3%, which is higher than many of its peers. In fact, the rate compares to the industry average of 14.2%.
While investors should actually consider the current cash flow growth, it's worth taking a look at the historical rate too for putting the current reading into proper perspective. The company's annualized cash flow growth rate has been 34.5% over the past 3-5 years versus the industry average of 4.7%.
Promising Earnings Estimate Revisions
Beyond the metrics outlined above, investors should consider the trend in earnings estimate revisions. A positive trend is a plus here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
There have been upward revisions in current-year earnings estimates for Sterling Infrastructure. The Zacks Consensus Estimate for the current year has surged 0.1% over the past month.
Bottom Line
While the overall earnings estimate revisions have made Sterling Infrastructure a Zacks Rank #2 stock, it has earned itself a Growth Score of A based on a number of factors, including the ones discussed above.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination indicates that Sterling Infrastructure is a potential outperformer and a solid choice for growth investors.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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
Sterling Infrastructure, Inc. (STRL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
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While the historical EPS growth rate for Sterling Infrastructure is 39.8%, investors should actually focus on the projected growth. Bottom Line While the overall earnings estimate revisions have made Sterling Infrastructure a Zacks Rank #2 stock, it has earned itself a Growth Score of A based on a number of factors, including the ones discussed above. Click to get this free report Sterling Infrastructure, Inc. (STRL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects. For growth investors, double-digit earnings growth is highly preferable, as it is often perceived as an indication of strong prospects (and stock price gains) for the company under consideration. Bottom Line While the overall earnings estimate revisions have made Sterling Infrastructure a Zacks Rank #2 stock, it has earned itself a Growth Score of A based on a number of factors, including the ones discussed above.
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While the historical EPS growth rate for Sterling Infrastructure is 39.8%, investors should actually focus on the projected growth. Bottom Line While the overall earnings estimate revisions have made Sterling Infrastructure a Zacks Rank #2 stock, it has earned itself a Growth Score of A based on a number of factors, including the ones discussed above. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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04b4770b-0095-4c63-9dab-b78ab6b254ad
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713360.0
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2023-12-11 00:00:00 UTC
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Is Lamb Weston (LW) a Solid Growth Stock? 3 Reasons to Think "Yes"
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DCOMP
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https://www.nasdaq.com/articles/is-lamb-weston-lw-a-solid-growth-stock-3-reasons-to-think-yes
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nan
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nan
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Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task.
That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.
However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects, makes it pretty easy to find cutting-edge growth stocks.
Lamb Weston (LW) is one such stock that our proprietary system currently recommends. The company not only has a favorable Growth Score, but also carries a top Zacks Rank.
Research shows that stocks carrying the best growth features consistently beat the market. And returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy).
While there are numerous reasons why the stock of this frozen foods supplier is a great growth pick right now, we have highlighted three of the most important factors below:
Earnings Growth
Earnings growth is arguably the most important factor, as stocks exhibiting exceptionally surging profit levels tend to attract the attention of most investors. For growth investors, double-digit earnings growth is highly preferable, as it is often perceived as an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for Lamb Weston is 3.4%, investors should actually focus on the projected growth. The company's EPS is expected to grow 24.9% this year, crushing the industry average, which calls for EPS growth of 7.1%.
Cash Flow Growth
Cash is the lifeblood of any business, but higher-than-average cash flow growth is more beneficial and important for growth-oriented companies than for mature companies. That's because, high cash accumulation enables these companies to undertake new projects without raising expensive outside funds.
Right now, year-over-year cash flow growth for Lamb Weston is 81.8%, which is higher than many of its peers. In fact, the rate compares to the industry average of 4.9%.
While investors should actually consider the current cash flow growth, it's worth taking a look at the historical rate too for putting the current reading into proper perspective. The company's annualized cash flow growth rate has been 10.9% over the past 3-5 years versus the industry average of 4.8%.
Promising Earnings Estimate Revisions
Beyond the metrics outlined above, investors should consider the trend in earnings estimate revisions. A positive trend is a plus here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
There have been upward revisions in current-year earnings estimates for Lamb Weston. The Zacks Consensus Estimate for the current year has surged 0.1% over the past month.
Bottom Line
While the overall earnings estimate revisions have made Lamb Weston a Zacks Rank #2 stock, it has earned itself a Growth Score of A based on a number of factors, including the ones discussed above.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination positions Lamb Weston well for outperformance, so growth investors may want to bet on it.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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
Lamb Weston (LW) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
|
Bottom Line While the overall earnings estimate revisions have made Lamb Weston a Zacks Rank #2 stock, it has earned itself a Growth Score of A based on a number of factors, including the ones discussed above. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Click to get this free report Lamb Weston (LW) : Free Stock Analysis Report To read this article on Zacks.com click here.
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However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects, makes it pretty easy to find cutting-edge growth stocks. While there are numerous reasons why the stock of this frozen foods supplier is a great growth pick right now, we have highlighted three of the most important factors below: Earnings Growth Earnings growth is arguably the most important factor, as stocks exhibiting exceptionally surging profit levels tend to attract the attention of most investors. Bottom Line While the overall earnings estimate revisions have made Lamb Weston a Zacks Rank #2 stock, it has earned itself a Growth Score of A based on a number of factors, including the ones discussed above.
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While the historical EPS growth rate for Lamb Weston is 3.4%, investors should actually focus on the projected growth. Bottom Line While the overall earnings estimate revisions have made Lamb Weston a Zacks Rank #2 stock, it has earned itself a Growth Score of A based on a number of factors, including the ones discussed above. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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466978ef-de15-4a93-8ad4-35b4bf6d0b4f
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713361.0
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2023-12-11 00:00:00 UTC
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3 Reasons Growth Investors Will Love Block (SQ)
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DCOMP
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https://www.nasdaq.com/articles/3-reasons-growth-investors-will-love-block-sq
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nan
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nan
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Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.
That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.
However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects, makes it pretty easy to find cutting-edge growth stocks.
Block (SQ) is on the list of such stocks currently recommended by our proprietary system. In addition to a favorable Growth Score, it carries a top Zacks Rank.
Studies have shown that stocks with the best growth features consistently outperform the market. And returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy).
While there are numerous reasons why the stock of this mobile payments services provider is a great growth pick right now, we have highlighted three of the most important factors below:
Earnings Growth
Earnings growth is arguably the most important factor, as stocks exhibiting exceptionally surging profit levels tend to attract the attention of most investors. And for growth investors, double-digit earnings growth is definitely preferable, and often an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for Block is 38.9%, investors should actually focus on the projected growth. The company's EPS is expected to grow 89.9% this year, crushing the industry average, which calls for EPS growth of 31.2%.
Impressive Asset Utilization Ratio
Growth investors often overlook asset utilization ratio, also known as sales-to-total-assets (S/TA) ratio, but it is an important feature of a real growth stock. This metric exhibits how efficiently a firm is utilizing its assets to generate sales.
Right now, Block has an S/TA ratio of 0.66, which means that the company gets $0.66 in sales for each dollar in assets. Comparing this to the industry average of 0.58, it can be said that the company is more efficient.
While the level of efficiency in generating sales matters a lot, so does the sales growth of a company. And Block is well positioned from a sales growth perspective too. The company's sales are expected to grow 24.3% this year versus the industry average of 0%.
Promising Earnings Estimate Revisions
Superiority of a stock in terms of the metrics outlined above can be further validated by looking at the trend in earnings estimate revisions. A positive trend is of course favorable here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
The current-year earnings estimates for Block have been revising upward. The Zacks Consensus Estimate for the current year has surged 5.9% over the past month.
Bottom Line
Block has not only earned a Growth Score of B based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #2 because of the positive earnings estimate revisions.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination indicates that Block is a potential outperformer and a solid choice for growth investors.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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
Block, Inc. (SQ) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
|
While there are numerous reasons why the stock of this mobile payments services provider is a great growth pick right now, we have highlighted three of the most important factors below: Earnings Growth Earnings growth is arguably the most important factor, as stocks exhibiting exceptionally surging profit levels tend to attract the attention of most investors. Impressive Asset Utilization Ratio Growth investors often overlook asset utilization ratio, also known as sales-to-total-assets (S/TA) ratio, but it is an important feature of a real growth stock. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
|
However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects, makes it pretty easy to find cutting-edge growth stocks. While there are numerous reasons why the stock of this mobile payments services provider is a great growth pick right now, we have highlighted three of the most important factors below: Earnings Growth Earnings growth is arguably the most important factor, as stocks exhibiting exceptionally surging profit levels tend to attract the attention of most investors. And for growth investors, double-digit earnings growth is definitely preferable, and often an indication of strong prospects (and stock price gains) for the company under consideration.
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The company's sales are expected to grow 24.3% this year versus the industry average of 0%. Bottom Line Block has not only earned a Growth Score of B based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #2 because of the positive earnings estimate revisions. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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20cd4ef3-2e99-46ca-ba3d-b6c3ca7cf565
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713362.0
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2023-12-11 00:00:00 UTC
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Ex-Div Reminder for Gladstone Land Corp's 6.00% Series C Cumulative Redeemable Preferred Stock
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DCOMP
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https://www.nasdaq.com/articles/ex-div-reminder-for-gladstone-land-corps-6.00-series-c-cumulative-redeemable-preferred-0
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nan
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nan
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On 12/15/23, Gladstone Land Corp's 6.00% Series C Cumulative Redeemable Preferred Stock (Symbol: LANDP) will trade ex-dividend, for its monthly dividend of $0.125, payable on 12/29/23. As a percentage of LANDP's recent share price of $18.99, this dividend works out to approximately 0.66%, so look for shares of LANDP to trade 0.66% lower — all else being equal — when LANDP shares open for trading on 12/15/23. On an annualized basis, the current yield is approximately 7.88%, which compares to an average yield of 8.16% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of LANDP shares, versus LAND:
Below is a dividend history chart for LANDP, showing historical dividends prior to the most recent $0.125 on Gladstone Land Corp's 6.00% Series C Cumulative Redeemable Preferred Stock:
Free Report: Top 8%+ Dividends (paid monthly)
In Wednesday trading, Gladstone Land Corp's 6.00% Series C Cumulative Redeemable Preferred Stock (Symbol: LANDP) is currently off about 0.3% on the day, while the common shares (Symbol: LAND) are down about 0.3%.
Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »
Also see:
Victor Mashaal Stock Picks
Funds Holding APPS
RLMD 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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On 12/15/23, Gladstone Land Corp's 6.00% Series C Cumulative Redeemable Preferred Stock (Symbol: LANDP) will trade ex-dividend, for its monthly dividend of $0.125, payable on 12/29/23. The chart below shows the one year performance of LANDP shares, versus LAND: Below is a dividend history chart for LANDP, showing historical dividends prior to the most recent $0.125 on Gladstone Land Corp's 6.00% Series C Cumulative Redeemable Preferred Stock: Free Report: Top 8%+ Dividends (paid monthly) In Wednesday trading, Gladstone Land Corp's 6.00% Series C Cumulative Redeemable Preferred Stock (Symbol: LANDP) is currently off about 0.3% on the day, while the common shares (Symbol: LAND) are down about 0.3%. dividend stocks also have preferred shares that should be on your radar screen » Also see: Victor Mashaal Stock Picks Funds Holding APPS RLMD 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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On 12/15/23, Gladstone Land Corp's 6.00% Series C Cumulative Redeemable Preferred Stock (Symbol: LANDP) will trade ex-dividend, for its monthly dividend of $0.125, payable on 12/29/23. As a percentage of LANDP's recent share price of $18.99, this dividend works out to approximately 0.66%, so look for shares of LANDP to trade 0.66% lower — all else being equal — when LANDP shares open for trading on 12/15/23. The chart below shows the one year performance of LANDP shares, versus LAND: Below is a dividend history chart for LANDP, showing historical dividends prior to the most recent $0.125 on Gladstone Land Corp's 6.00% Series C Cumulative Redeemable Preferred Stock: Free Report: Top 8%+ Dividends (paid monthly) In Wednesday trading, Gladstone Land Corp's 6.00% Series C Cumulative Redeemable Preferred Stock (Symbol: LANDP) is currently off about 0.3% on the day, while the common shares (Symbol: LAND) are down about 0.3%.
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As a percentage of LANDP's recent share price of $18.99, this dividend works out to approximately 0.66%, so look for shares of LANDP to trade 0.66% lower — all else being equal — when LANDP shares open for trading on 12/15/23. The chart below shows the one year performance of LANDP shares, versus LAND: Below is a dividend history chart for LANDP, showing historical dividends prior to the most recent $0.125 on Gladstone Land Corp's 6.00% Series C Cumulative Redeemable Preferred Stock: Free Report: Top 8%+ Dividends (paid monthly) In Wednesday trading, Gladstone Land Corp's 6.00% Series C Cumulative Redeemable Preferred Stock (Symbol: LANDP) is currently off about 0.3% on the day, while the common shares (Symbol: LAND) are down about 0.3%. Click here to learn which S.A.F.E.
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On an annualized basis, the current yield is approximately 7.88%, which compares to an average yield of 8.16% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of LANDP shares, versus LAND: Below is a dividend history chart for LANDP, showing historical dividends prior to the most recent $0.125 on Gladstone Land Corp's 6.00% Series C Cumulative Redeemable Preferred Stock: Free Report: Top 8%+ Dividends (paid monthly) In Wednesday trading, Gladstone Land Corp's 6.00% Series C Cumulative Redeemable Preferred Stock (Symbol: LANDP) is currently off about 0.3% on the day, while the common shares (Symbol: LAND) are down about 0.3%. Click here to learn which S.A.F.E.
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3847e259-351d-4c73-a918-56afeca76a03
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713363.0
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2023-12-11 00:00:00 UTC
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Barrick's (GOLD) Goldrush Mine Approved, Ramp-Up Starts in 2024
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DCOMP
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https://www.nasdaq.com/articles/barricks-gold-goldrush-mine-approved-ramp-up-starts-in-2024
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nan
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nan
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Barrick Gold Corporation GOLD stated that Nevada Gold Mines’ (“NGM”) operational plan for the upcoming Goldrush underground mine at the Cortez Complex near Beowawe, NV, has been approved by the US Bureau of Land Management. With production ramp-up likely to commence in 2024, the long-life Goldrush mine is projected to produce 130,000 ounces in 2024. Production is expected to increase 100% to approximately 400,000 ounces per annum by 2028.
Barrick Gold and NGM have collectively invested more than $370 million in the project thus far, with a total expenditure of approximately $1 billion (100% basis). Recruitment efforts are underway and the delivery of production equipment is on schedule.
The issuance of the Record of Decision (ROD) comes after a comprehensive multi-year consultation and independent impacts analysis process mandated by the National Environmental Policy Act. This process, inclusive of specialized environmental studies, facilitated engagement with all stakeholders and allowed their input to shape the outcome.
Goldrush's development is expected to generate around 500 jobs during construction and an additional 570 new jobs during operational phases. Beyond job creation, the project is set to contribute significantly to tax revenues, including gold and silver excise taxes earmarked for education in Nevada, amounting to millions of dollars.
Barrick is the majority owner and operator of NGM, the world's largest gold production complex. Goldrush serves as a testament to the considerable growth prospects inherent in the Cortez Complex apart from expanding an asset base that already has three Tier One mines.
Barrick’s shares have lost 6% in the past year against a 0.1% rise of the industry.
Image Source: Zacks Investment Research
The company’s adjusted earnings per share in the third quarter of 24 cents beat the Zacks Consensus Estimate of 21 cents. It recorded total sales of $2,862 million in the quarter, up 13% year over year. The figure missed the Zacks Consensus Estimate of $2,998.8 million.
For 2023, Barrick anticipates attributable gold production to be modestly below the bottom end of its earlier announced guidance of 4.2-4.6 million ounces.
Barrick Gold Corporation Price and Consensus
Barrick Gold Corporation price-consensus-chart | Barrick Gold Corporation Quote
Zacks Rank & Key Picks
Barrick currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Basic Materials space are Axalta Coating Systems Ltd. AXTA, sporting a Zacks Rank #1 (Strong Buy), and Hawkins, Inc HWKN and Alamos Gold Inc. AGI, each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The consensus estimate for AXTA’s current-year earnings is pegged at $1.58, indicating year-over-year growth of 6.8%. AXTA beat the Zacks Consensus Estimate in three of the last four quarters and missed one, with the average earnings surprise being 6.7%. The company’s shares have increased 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.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Barrick Gold Corporation (GOLD) : Free Stock Analysis Report
Alamos Gold Inc. (AGI) : Free Stock Analysis Report
Axalta Coating Systems Ltd. (AXTA) : Free Stock Analysis Report
Hawkins, Inc. (HWKN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The issuance of the Record of Decision (ROD) comes after a comprehensive multi-year consultation and independent impacts analysis process mandated by the National Environmental Policy Act. Goldrush serves as a testament to the considerable growth prospects inherent in the Cortez Complex apart from expanding an asset base that already has three Tier One mines. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
|
Barrick Gold Corporation Price and Consensus Barrick Gold Corporation price-consensus-chart | Barrick Gold Corporation Quote Zacks Rank & Key Picks Barrick currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the Basic Materials space are Axalta Coating Systems Ltd. AXTA, sporting a Zacks Rank #1 (Strong Buy), and Hawkins, Inc HWKN and Alamos Gold Inc. AGI, each carrying a Zacks Rank #2 (Buy). Click to get this free report Barrick Gold Corporation (GOLD) : Free Stock Analysis Report Alamos Gold Inc. (AGI) : Free Stock Analysis Report Axalta Coating Systems Ltd. (AXTA) : Free Stock Analysis Report Hawkins, Inc. (HWKN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Image Source: Zacks Investment Research The company’s adjusted earnings per share in the third quarter of 24 cents beat the Zacks Consensus Estimate of 21 cents. Barrick Gold Corporation Price and Consensus Barrick Gold Corporation price-consensus-chart | Barrick Gold Corporation Quote Zacks Rank & Key Picks Barrick currently carries a Zacks Rank #3 (Hold). Click to get this free report Barrick Gold Corporation (GOLD) : Free Stock Analysis Report Alamos Gold Inc. (AGI) : Free Stock Analysis Report Axalta Coating Systems Ltd. (AXTA) : Free Stock Analysis Report Hawkins, Inc. (HWKN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Image Source: Zacks Investment Research The company’s adjusted earnings per share in the third quarter of 24 cents beat the Zacks Consensus Estimate of 21 cents. Barrick Gold Corporation Price and Consensus Barrick Gold Corporation price-consensus-chart | Barrick Gold Corporation Quote Zacks Rank & Key Picks Barrick currently carries a Zacks Rank #3 (Hold). Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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07c19a92-fb49-46bf-bfd4-229d555dc7b0
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713364.0
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2023-12-11 00:00:00 UTC
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Financial Sector Update for 12/13/2023: C, WSR, ORRF, CVLY
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DCOMP
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https://www.nasdaq.com/articles/financial-sector-update-for-12-13-2023%3A-c-wsr-orrf-cvly
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nan
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nan
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Financial stocks were steady in Wednesday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) both little changed.
The Philadelphia Housing Index fell 0.7%, and the Real Estate Select Sector SPDR Fund (XLRE) rose 0.3%.
Bitcoin (BTC-USD) gained 1.7% to $42,169, and the yield for 10-year US Treasuries declined 4 basis points to 4.16%.
In economic news, the producer price index held steady in November following a 0.4% decline in October, as expected in a survey compiled by Bloomberg.
In corporate news, Citigroup (C) is offering partial bonus awards to employees who agree to voluntarily leave as the bank's restructuring continues, Bloomberg reported Wednesday. Its shares were little changed.
Orrstown Financial Services (ORRF) and Codorus Valley Bancorp (CVLY) said late Tuesday they plan to merge in an all-stock deal valued at $207 million, or $21.31 per Codorus share. Codorus shares rose 10%, and Orrstown gained 8.2%.
Whitestone REIT (WSR) said Wednesday its board has unanimously rejected a proposal by Erez Asset Management Chair Bruce Schanzer demanding a majority change to the panel to launch a sale or liquidation of the company. Whitestone shares were little changed.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In economic news, the producer price index held steady in November following a 0.4% decline in October, as expected in a survey compiled by Bloomberg. In corporate news, Citigroup (C) is offering partial bonus awards to employees who agree to voluntarily leave as the bank's restructuring continues, Bloomberg reported Wednesday. Whitestone REIT (WSR) said Wednesday its board has unanimously rejected a proposal by Erez Asset Management Chair Bruce Schanzer demanding a majority change to the panel to launch a sale or liquidation of the company.
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Financial stocks were steady in Wednesday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) both little changed. The Philadelphia Housing Index fell 0.7%, and the Real Estate Select Sector SPDR Fund (XLRE) rose 0.3%. Codorus shares rose 10%, and Orrstown gained 8.2%.
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Financial stocks were steady in Wednesday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) both little changed. Orrstown Financial Services (ORRF) and Codorus Valley Bancorp (CVLY) said late Tuesday they plan to merge in an all-stock deal valued at $207 million, or $21.31 per Codorus share. Whitestone REIT (WSR) said Wednesday its board has unanimously rejected a proposal by Erez Asset Management Chair Bruce Schanzer demanding a majority change to the panel to launch a sale or liquidation of the company.
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Financial stocks were steady in Wednesday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) both little changed. Codorus shares rose 10%, and Orrstown gained 8.2%. Whitestone shares were little changed.
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8d185204-49ff-4a63-ae92-bb6e536ce60d
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713365.0
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2023-12-11 00:00:00 UTC
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Why Photronics Stock Just Popped 16%
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DCOMP
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https://www.nasdaq.com/articles/why-photronics-stock-just-popped-16
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nan
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nan
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Investors in semiconductor manufacturing equipment maker Photronics (NASDAQ: PLAB), which makes the "photomasks" used to transfer circuit patterns onto semiconductor wafers, are putting on a happy face on Wednesday. Shares of the chip equipment maker surged 15.8% higher through 12:10 p.m. ET after beating earnings.
And why are they surging? Because instead of the $244 million revenue and $0.53-per-share (pro forma) profit that Wall Street had predicted for Photronics' fiscal Q4 2023 report, Photronics just reported $227.5 million in sales, and $0.60 in earnings (also pro forma).
Photronics sales and earnings
And CEO Frank Lee pointed out that Q4 marked the wrapping up of Photronics' sixth straight year of reporting record sales growth.
Sales for both the quarter and the year grew 8% over fiscal-2022 numbers. And despite some weakness in gross profit margins, Photronics' success in cutting expenses enabled the company to mostly maintain its reputation for strong operating profit margins -- down 60 basis points to 28.5% for the quarter, but up 270 basis points to 28.4% for the year.
Arguably best of all, while it took only $0.60 in pro forma earnings to beat Wall Street estimates, when calculated according to generally accepted accounting principles (GAAP), Photronics' earnings for the quarter were actually $0.72 (up 20% year over year). For the full year, GAAP profits came in at $2.03 per share -- up 5%.
Is Photronics stock a buy?
If you think all the above sounds pretty great, you might want to sit down for this next part. Switching to guidance for the new fiscal year, Photronics announced that in its upcoming fiscal Q1 2024, it's expecting to report sales between $217 million and $225 million.
Granted, at the midpoint, that works out to only about 5% revenue growth. But on the bottom line, Photronics says pro forma profits could range from $0.45 to $0.53 per share. At the midpoint (i.e., $0.49 per share), that works out to more than double last year's pro forma profit of $0.23 per share. And if GAAP earnings are anywhere close to the pro forma number, Photronics could double last year's actual GAAP profit as well -- more than 100% quarterly earnings growth.
Suffice it to say that with the stock selling for barely 11 times earnings today, scoring an earnings growth rate of 100% would make Photronics stock a pretty obvious buy.
Should you invest $1,000 in Photronics right now?
Before you buy stock in Photronics, 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 Photronics wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 11, 2023
Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Because instead of the $244 million revenue and $0.53-per-share (pro forma) profit that Wall Street had predicted for Photronics' fiscal Q4 2023 report, Photronics just reported $227.5 million in sales, and $0.60 in earnings (also pro forma). And despite some weakness in gross profit margins, Photronics' success in cutting expenses enabled the company to mostly maintain its reputation for strong operating profit margins -- down 60 basis points to 28.5% for the quarter, but up 270 basis points to 28.4% for the year. Arguably best of all, while it took only $0.60 in pro forma earnings to beat Wall Street estimates, when calculated according to generally accepted accounting principles (GAAP), Photronics' earnings for the quarter were actually $0.72 (up 20% year over year).
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Because instead of the $244 million revenue and $0.53-per-share (pro forma) profit that Wall Street had predicted for Photronics' fiscal Q4 2023 report, Photronics just reported $227.5 million in sales, and $0.60 in earnings (also pro forma). And if GAAP earnings are anywhere close to the pro forma number, Photronics could double last year's actual GAAP profit as well -- more than 100% quarterly earnings growth. Before you buy stock in Photronics, 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 Photronics wasn't one of them.
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Because instead of the $244 million revenue and $0.53-per-share (pro forma) profit that Wall Street had predicted for Photronics' fiscal Q4 2023 report, Photronics just reported $227.5 million in sales, and $0.60 in earnings (also pro forma). And if GAAP earnings are anywhere close to the pro forma number, Photronics could double last year's actual GAAP profit as well -- more than 100% quarterly earnings growth. Before you buy stock in Photronics, 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 Photronics wasn't one of them.
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Shares of the chip equipment maker surged 15.8% higher through 12:10 p.m. And if GAAP earnings are anywhere close to the pro forma number, Photronics could double last year's actual GAAP profit as well -- more than 100% quarterly earnings growth. Before you buy stock in Photronics, 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 Photronics wasn't one of them.
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199ca9f1-1dcc-4c2b-8df1-2b1df61f518e
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713366.0
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2023-12-11 00:00:00 UTC
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Gabelli Equity Trust's 5.00% Series K Cumulative Preferred Stock About To Put More Money In Your Pocket
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DCOMP
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https://www.nasdaq.com/articles/gabelli-equity-trusts-5.00-series-k-cumulative-preferred-stock-about-to-put-more-money-in
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nan
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On 12/15/23, Gabelli Equity Trust's 5.00% Series K Cumulative Preferred Stock (Symbol: GAB.PRK) will trade ex-dividend, for its quarterly dividend of $0.3125, payable on 12/26/23. As a percentage of GAB.PRK's recent share price of $21.29, this dividend works out to approximately 1.47%, so look for shares of GAB.PRK to trade 1.47% lower — all else being equal — when GAB.PRK shares open for trading on 12/15/23. On an annualized basis, the current yield is approximately 5.88%, which compares to an average yield of 5.87% in the "ETFs & CEFs" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of GAB.PRK shares, versus GAB:
Below is a dividend history chart for GAB.PRK, showing historical dividends prior to the most recent $0.3125 on Gabelli Equity Trust's 5.00% Series K Cumulative Preferred Stock:
In Wednesday trading, Gabelli Equity Trust's 5.00% Series K Cumulative Preferred Stock (Symbol: GAB.PRK) is currently up about 0.2% on the day, while the common shares (Symbol: GAB) are trading flat.
Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »
Also see:
RELI Insider Buying
ERH Historical Stock Prices
XHYH 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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On 12/15/23, Gabelli Equity Trust's 5.00% Series K Cumulative Preferred Stock (Symbol: GAB.PRK) will trade ex-dividend, for its quarterly dividend of $0.3125, payable on 12/26/23. The chart below shows the one year performance of GAB.PRK shares, versus GAB: Below is a dividend history chart for GAB.PRK, showing historical dividends prior to the most recent $0.3125 on Gabelli Equity Trust's 5.00% Series K Cumulative Preferred Stock: In Wednesday trading, Gabelli Equity Trust's 5.00% Series K Cumulative Preferred Stock (Symbol: GAB.PRK) is currently up about 0.2% on the day, while the common shares (Symbol: GAB) are trading flat. dividend stocks also have preferred shares that should be on your radar screen » Also see: RELI Insider Buying ERH Historical Stock Prices XHYH 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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On 12/15/23, Gabelli Equity Trust's 5.00% Series K Cumulative Preferred Stock (Symbol: GAB.PRK) will trade ex-dividend, for its quarterly dividend of $0.3125, payable on 12/26/23. The chart below shows the one year performance of GAB.PRK shares, versus GAB: Below is a dividend history chart for GAB.PRK, showing historical dividends prior to the most recent $0.3125 on Gabelli Equity Trust's 5.00% Series K Cumulative Preferred Stock: In Wednesday trading, Gabelli Equity Trust's 5.00% Series K Cumulative Preferred Stock (Symbol: GAB.PRK) is currently up about 0.2% on the day, while the common shares (Symbol: GAB) are trading flat. dividend stocks also have preferred shares that should be on your radar screen » Also see: RELI Insider Buying ERH Historical Stock Prices XHYH 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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The chart below shows the one year performance of GAB.PRK shares, versus GAB: Below is a dividend history chart for GAB.PRK, showing historical dividends prior to the most recent $0.3125 on Gabelli Equity Trust's 5.00% Series K Cumulative Preferred Stock: In Wednesday trading, Gabelli Equity Trust's 5.00% Series K Cumulative Preferred Stock (Symbol: GAB.PRK) is currently up about 0.2% on the day, while the common shares (Symbol: GAB) are trading flat. Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen » Also see: RELI Insider Buying ERH Historical Stock Prices XHYH 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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On an annualized basis, the current yield is approximately 5.88%, which compares to an average yield of 5.87% in the "ETFs & CEFs" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of GAB.PRK shares, versus GAB: Below is a dividend history chart for GAB.PRK, showing historical dividends prior to the most recent $0.3125 on Gabelli Equity Trust's 5.00% Series K Cumulative Preferred Stock: In Wednesday trading, Gabelli Equity Trust's 5.00% Series K Cumulative Preferred Stock (Symbol: GAB.PRK) is currently up about 0.2% on the day, while the common shares (Symbol: GAB) are trading flat. Click here to learn which S.A.F.E.
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c258cc3a-d3e2-4c08-be09-de21d533b261
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713367.0
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2023-12-11 00:00:00 UTC
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Amazon (AMZN) to Boost Grocery Sales With New Subscription Plan
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DCOMP
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https://www.nasdaq.com/articles/amazon-amzn-to-boost-grocery-sales-with-new-subscription-plan
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nan
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Amazon AMZN is constantly making solid efforts to enhance its e-commerce offerings on the back of its Prime program. It is leaving no stone unturned to drive its Prime momentum on the back of perks, facilities and services.
This is evident from its latest trial of a grocery subscription service for Prime members, priced at $9.99 per month.
The new service is in the pilot stage, which is being tested in three U.S. cities - Denver, CO; Sacramento, CA; and Columbus, OH.
With this service, Prime members will get access to unlimited grocery deliveries from Whole Foods and Amazon Fresh on orders more than $35. They will also get unlimited 30-minute pickup on orders of any size.
Currently, Prime members pay a fee of $6.95 for Fresh orders between $50 and $100 and $9.95 for orders less than $50. They are also required to pay a $9.95 fee for Whole Foods orders.
Members will not be required to pay any of the fees with the new service. This, in turn, will likely encourage signups for the new service and boost the adoption of Prime membership.
The latest move is likely to bolster the company’s grocery retail business as well as drive grocery sales growth during this holiday season.
The move is likely to contribute well to Amazon’s physical store sales as well as online store sales, which were $4.9 billion and $57.3 billion in third-quarter 2023, up 6% and 7%, respectively, year over year.
For 2023, our model projects $20.8 billion in physical store sales, indicating growth of 9.6% from 2022’s level. The same for online store sales is pegged at $228.3 billion, indicating growth of 4% from 2022.
Amazon.com, Inc. Price and Consensus
Amazon.com, Inc. price-consensus-chart | Amazon.com, Inc. Quote
Prime: Key Catalyst
The Prime program remains a key catalyst for AMZN’s top-line growth, backed by customer-friendly offers and cashback benefits. Its strengthening delivery and shipment services, expanding music and video content and a robust loyalty system are constantly boosting Amazon’s Prime subscriber base.
All the benefits are aiding Amazon in delivering better shopping experiences to its Prime members.
We believe the growing adoption of Prime will drive the company’s subscription revenues, which have been acting as key drivers for the e-commerce giant for the past few years.
Amazon witnessed 14% growth in its subscription services sales, which were $10.2 billion in third-quarter 2023.
Our model estimates 2023 subscription sales of $41.3 billion, indicating growth of 17.4% from 2022.
Growing momentum across subscription services is expected to continue driving the company’s overall top-line growth.
For 2023, our model estimate for net sales is pinned at $569.46 billion, indicating 10.8% growth from 2022.
We believe that the strengthening financial performance of the company will likely raise investor optimism about the stock.
Amazon has gained 64.3% on a year-to-date basis, outperforming the industry’s growth of 42.8%.
Zacks Rank & Other Key Picks
Currently, Amazon carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks in the retail-wholesale sector are Expedia Group EXPE, Booking Holdings BKNG and Target TGT, each carrying a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Expedia has gained 24.7% on a year-to-date basis. The long-term earnings growth rate for EXPE stock is currently projected at 25.3%.
Booking Holdings has gained 69.5% on a year-to-date basis. The long-term earnings growth rate for BKNG stock is currently projected at 21.6%.
Target has lost 6% on a year-to-date basis. The long-term earnings growth rate for TGT stock is currently projected at 14.18%.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
Target Corporation (TGT) : Free Stock Analysis Report
Expedia Group, Inc. (EXPE) : Free Stock Analysis Report
Booking Holdings Inc. (BKNG) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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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Its strengthening delivery and shipment services, expanding music and video content and a robust loyalty system are constantly boosting Amazon’s Prime subscriber base. Some other top-ranked stocks in the retail-wholesale sector are Expedia Group EXPE, Booking Holdings BKNG and Target TGT, each carrying a Zacks Rank #2. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
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Amazon.com, Inc. Price and Consensus Amazon.com, Inc. price-consensus-chart | Amazon.com, Inc. Quote Prime: Key Catalyst The Prime program remains a key catalyst for AMZN’s top-line growth, backed by customer-friendly offers and cashback benefits. Some other top-ranked stocks in the retail-wholesale sector are Expedia Group EXPE, Booking Holdings BKNG and Target TGT, each carrying a Zacks Rank #2. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Target Corporation (TGT) : Free Stock Analysis Report Expedia Group, Inc. (EXPE) : Free Stock Analysis Report Booking Holdings Inc. (BKNG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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With this service, Prime members will get access to unlimited grocery deliveries from Whole Foods and Amazon Fresh on orders more than $35. Amazon.com, Inc. Price and Consensus Amazon.com, Inc. price-consensus-chart | Amazon.com, Inc. Quote Prime: Key Catalyst The Prime program remains a key catalyst for AMZN’s top-line growth, backed by customer-friendly offers and cashback benefits. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Target Corporation (TGT) : Free Stock Analysis Report Expedia Group, Inc. (EXPE) : Free Stock Analysis Report Booking Holdings Inc. (BKNG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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With this service, Prime members will get access to unlimited grocery deliveries from Whole Foods and Amazon Fresh on orders more than $35. Some other top-ranked stocks in the retail-wholesale sector are Expedia Group EXPE, Booking Holdings BKNG and Target TGT, each carrying a Zacks Rank #2. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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7289c0b6-4cee-44a5-8fa5-48c0c98d9472
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713368.0
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2023-12-11 00:00:00 UTC
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Why Clean Energy Fuels Stock Popped Today
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DCOMP
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https://www.nasdaq.com/articles/why-clean-energy-fuels-stock-popped-today
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nan
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nan
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Shares of Clean Energy Fuels (NASDAQ: CLNE) are up 13.9% as of 3:05 p.m. ET Wednesday after the renewable natural gas (RNG) development and delivery specialist announced a new financing facility of up to $400 million with alternative investment firm Stonepeak. Stonepeak specializes in infrastructure and real assets, and has $57.9 billion of assets under management.
Some welcome financial flexibility for Clean Energy Fuels
According to a press release this morning, Clean Energy Fuels' agreement will start with a six-year $300 million senior secured term loan bearing interest at 9.5% per annum. It also provides a two-year delayed draw term loan commitment of an additional $100 million.
In connection with the deal, Clean Energy also issued stock warrants to Stonepeak for the purchase of 10 million shares of common stock with an exercise price of $5.50 per share, as well as 10 million shares at an exercise price of $6.50 per share. The warrants expire on June 15, 2032, and are exercisable at any time after Dec. 12, 2025. Clean Energy stock is trading at $3.60 per share as of this writing.
The move provides significant financial flexibility for Clean Energy Fuels as the company works to capitalize on growing demand for RNG, especially as heavy-duty transportation fleets shift to the fuel. For perspective, Clean Energy Fuels ended last quarter with just over $174 million in cash on its balance sheet, and roughly $225 million in total debt (including long-term debt of $145.5 million). Revenue last quarter declined 24% year over year to $95.6 million, as falling natural gas prices offset a 4.8% increase in RNG gallons sold.
What's next for Clean Energy stock?
The funds from the facility will be used for a combination of repaying existing loans, providing capital for new RNG production facilities, and expanding Clean Energy's fueling infrastructure targeting the heavy-duty truck market.
"This financing agreement is very timely as we continue to see more RNG development opportunities come our way, and as we anticipate building additional stations to accommodate increased demand due to the arrival of Cummins' 15-liter natural gas engine," stated Clay Corbus, Clean Energy's senior VP for strategic development and head of renewable fuels.
Indeed, management last highlighted Cummins' innovative new natural gas engine when Clean Energy announced quarterly results in November, noting several major heavy-duty truck fleets are currently running successful test units along some of the most demanding trucking routes in the United States.
In the end, if Clean Energy Fuels is able to effectively utilize this new financing facility with StonePeak as it works back toward sustained, profitable growth, it could be great news for long-term shareholders.
Should you invest $1,000 in Clean Energy Fuels right now?
Before you buy stock in Clean Energy Fuels, 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 Clean Energy Fuels 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 no position in any of the stocks mentioned. The Motley Fool recommends Clean Energy Fuels and Cummins. 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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ET Wednesday after the renewable natural gas (RNG) development and delivery specialist announced a new financing facility of up to $400 million with alternative investment firm Stonepeak. "This financing agreement is very timely as we continue to see more RNG development opportunities come our way, and as we anticipate building additional stations to accommodate increased demand due to the arrival of Cummins' 15-liter natural gas engine," stated Clay Corbus, Clean Energy's senior VP for strategic development and head of renewable fuels. In the end, if Clean Energy Fuels is able to effectively utilize this new financing facility with StonePeak as it works back toward sustained, profitable growth, it could be great news for long-term shareholders.
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"This financing agreement is very timely as we continue to see more RNG development opportunities come our way, and as we anticipate building additional stations to accommodate increased demand due to the arrival of Cummins' 15-liter natural gas engine," stated Clay Corbus, Clean Energy's senior VP for strategic development and head of renewable fuels. Indeed, management last highlighted Cummins' innovative new natural gas engine when Clean Energy announced quarterly results in November, noting several major heavy-duty truck fleets are currently running successful test units along some of the most demanding trucking routes in the United States. Before you buy stock in Clean Energy Fuels, 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 Clean Energy Fuels wasn't one of them.
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Some welcome financial flexibility for Clean Energy Fuels According to a press release this morning, Clean Energy Fuels' agreement will start with a six-year $300 million senior secured term loan bearing interest at 9.5% per annum. In connection with the deal, Clean Energy also issued stock warrants to Stonepeak for the purchase of 10 million shares of common stock with an exercise price of $5.50 per share, as well as 10 million shares at an exercise price of $6.50 per share. Before you buy stock in Clean Energy Fuels, 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 Clean Energy Fuels wasn't one of them.
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ET Wednesday after the renewable natural gas (RNG) development and delivery specialist announced a new financing facility of up to $400 million with alternative investment firm Stonepeak. What's next for Clean Energy stock? Before you buy stock in Clean Energy Fuels, 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 Clean Energy Fuels wasn't one of them.
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1a7dc1a1-e974-40ab-b9cb-62b3e305f09b
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713369.0
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2023-12-11 00:00:00 UTC
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Technology Sector Update for 12/13/2023: AAPL, SPOT, META, TTWO
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DCOMP
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https://www.nasdaq.com/articles/technology-sector-update-for-12-13-2023%3A-aapl-spot-meta-ttwo
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nan
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nan
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Tech stocks were higher late Wednesday afternoon with the Technology Select Sector SPDR Fund (XLK) rising 0.7% and the SPDR S&P Semiconductor ETF (XSD) adding 2.3%.
The Philadelphia Semiconductor index rose 1.6%.
In corporate news, Apple (AAPL) is set to face an EU antitrust order that would ban the company's practice of stopping music streamers like Spotify (SPOT) from pushing subscriptions outside the App Store, Bloomberg reported Wednesday. Apple rose 1.2%, and Spotify was up 0.6%.
Meta Platforms (META) allegedly ignored its own lawyers' warning of the repercussions of using thousands of pirated books to train its AI models, Reuters reported late Tuesday. The shares were little changed.
Take-Two Interactive Software (TTWO) will be added to the Nasdaq-100 Index, while Seagen (SGEN) will be removed as part of the index's annual reconstitution from Monday. Take-Two gained 3.9%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Tech stocks were higher late Wednesday afternoon with the Technology Select Sector SPDR Fund (XLK) rising 0.7% and the SPDR S&P Semiconductor ETF (XSD) adding 2.3%. In corporate news, Apple (AAPL) is set to face an EU antitrust order that would ban the company's practice of stopping music streamers like Spotify (SPOT) from pushing subscriptions outside the App Store, Bloomberg reported Wednesday. Meta Platforms (META) allegedly ignored its own lawyers' warning of the repercussions of using thousands of pirated books to train its AI models, Reuters reported late Tuesday.
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Tech stocks were higher late Wednesday afternoon with the Technology Select Sector SPDR Fund (XLK) rising 0.7% and the SPDR S&P Semiconductor ETF (XSD) adding 2.3%. The Philadelphia Semiconductor index rose 1.6%. Apple rose 1.2%, and Spotify was up 0.6%.
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Tech stocks were higher late Wednesday afternoon with the Technology Select Sector SPDR Fund (XLK) rising 0.7% and the SPDR S&P Semiconductor ETF (XSD) adding 2.3%. In corporate news, Apple (AAPL) is set to face an EU antitrust order that would ban the company's practice of stopping music streamers like Spotify (SPOT) from pushing subscriptions outside the App Store, Bloomberg reported Wednesday. Take-Two Interactive Software (TTWO) will be added to the Nasdaq-100 Index, while Seagen (SGEN) will be removed as part of the index's annual reconstitution from Monday.
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Tech stocks were higher late Wednesday afternoon with the Technology Select Sector SPDR Fund (XLK) rising 0.7% and the SPDR S&P Semiconductor ETF (XSD) adding 2.3%. Apple rose 1.2%, and Spotify was up 0.6%. Take-Two Interactive Software (TTWO) will be added to the Nasdaq-100 Index, while Seagen (SGEN) will be removed as part of the index's annual reconstitution from Monday.
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70aa24e7-7477-41da-b307-76ba4f243f3c
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713370.0
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2023-12-11 00:00:00 UTC
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Broadcom (AVGO) and Caltech Unite for Quantum Research Innovation
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DCOMP
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https://www.nasdaq.com/articles/broadcom-avgo-and-caltech-unite-for-quantum-research-innovation
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Broadcom AVGO is expanding its footprint in the realm of quantum science through a multi-year partnership with the California Institute of Technology (Caltech). This collaboration aims to propel quantum science research and foster innovations with wide-ranging applications.
With a substantial investment, AVGO established the Broadcom Quantum Laboratory at Caltech, fostering collaboration in quantum computing, sensing and engineering.
This strategic collaboration capitalizes on Caltech's illustrious history in quantum research, where their faculty's pioneering work, spanning theoretical and experimental domains, has impacted fields ranging from energy and pharmaceuticals to information technology and security.
With this partnership, AVGO will cement its commitment to advancing quantum sciences and solidify its position as a key player at the forefront of transformative technological innovation.
Broadcom Inc. Price and Consensus
Broadcom Inc. price-consensus-chart | Broadcom Inc. Quote
Strong Portfolio Aids Broadcom’s Prospects
The latest move is in sync with the company's effort to strengthen its position and expand its influence within the quantum science sector.
The stock has returned 91.8% year to date compared with the Zacks Computer and Technology sector’s rally of 47.1%. The outperformance can be attributed to AVGO’s robust and diversified portfolio and strategic investments.
Broadcom's extensive range of semiconductor offerings positions the company as a comprehensive player in the technology industry, showcasing a diverse portfolio.
In October 2023, global semiconductor industry sales totaled $46.6 billion, up 3.9% from September 2023's $44.9 billion.
The firm is benefiting from the robust deployment of generative AI, with Ethernet solutions and custom AI accelerators contributing $1.5 billion or 20% of semiconductor revenues.
To further strengthen its presence, Broadcom expands the semiconductor sector by introducing the Trident 5-X12 chip with NetGNT for real-time traffic analysis, advanced congestion control, 16.0 Terabits/second bandwidth and 800G port support while using 25% less power per 400G port compared with Trident 4-X9.
Broadcom's recent acquisition of VMware in November 2023 is in line with the company's objective of facilitating global enterprises in the seamless operation of applications across diverse data centers and public clouds.
To enhance efficiency, Broadcom plans to divest non-core businesses, including end-user computing (EUC) and Carbon Black, within VMware. This streamlining strategy enables the company to focus on its core business priorities.
Fiscal 2024 View Positive
For fiscal 2024, the company expects revenues of $50 billion. The Zacks Consensus Estimate for fiscal 2024 is pegged at $38.15 billion, suggesting growth of 6.51% year over year.
VMware is expected to contribute $12 billion to revenues. Infrastructure software revenues are expected to be $20 billion.
Networking revenues are expected to rally 30% year over year, driven by the accelerating deployment of networking connectivity and the expansion of AI accelerators within hyperscalers for the fiscal 2024.
Broadcom expects revenues from generative AI to contribute more than 25% to the semiconductor revenues in fiscal 2024. Semiconductor solutions revenues are expected to increase in the mid to high-single-digit percentage range on a year-over-year basis.
Zacks Rank & Stocks to Consider
Currently, AVGO carries a Zacks Rank #3 (Hold).
Flex FLEX, Intel INTC and Camtek CAMT are a few better-ranked stocks that investors can consider from the broader sector, each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Flex, Intel, and Camtek shares have returned 21.8%, 66.9% and 196%, respectively, on a year-to-date basis.
Long-term earnings growth rates for Flex, Intel and Camtek are pegged at 12.39%,14.18% and 12.26%, respectively.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Intel Corporation (INTC) : Free Stock Analysis Report
Flex Ltd. (FLEX) : Free Stock Analysis Report
Camtek Ltd. (CAMT) : Free Stock Analysis Report
Broadcom Inc. (AVGO) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This strategic collaboration capitalizes on Caltech's illustrious history in quantum research, where their faculty's pioneering work, spanning theoretical and experimental domains, has impacted fields ranging from energy and pharmaceuticals to information technology and security. With this partnership, AVGO will cement its commitment to advancing quantum sciences and solidify its position as a key player at the forefront of transformative technological innovation. Broadcom's recent acquisition of VMware in November 2023 is in line with the company's objective of facilitating global enterprises in the seamless operation of applications across diverse data centers and public clouds.
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The firm is benefiting from the robust deployment of generative AI, with Ethernet solutions and custom AI accelerators contributing $1.5 billion or 20% of semiconductor revenues. Fiscal 2024 View Positive For fiscal 2024, the company expects revenues of $50 billion. Click to get this free report Intel Corporation (INTC) : Free Stock Analysis Report Flex Ltd. (FLEX) : Free Stock Analysis Report Camtek Ltd. (CAMT) : Free Stock Analysis Report Broadcom Inc. (AVGO) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Broadcom Inc. Price and Consensus Broadcom Inc. price-consensus-chart | Broadcom Inc. Quote Strong Portfolio Aids Broadcom’s Prospects The latest move is in sync with the company's effort to strengthen its position and expand its influence within the quantum science sector. Broadcom expects revenues from generative AI to contribute more than 25% to the semiconductor revenues in fiscal 2024. Click to get this free report Intel Corporation (INTC) : Free Stock Analysis Report Flex Ltd. (FLEX) : Free Stock Analysis Report Camtek Ltd. (CAMT) : Free Stock Analysis Report Broadcom Inc. (AVGO) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Fiscal 2024 View Positive For fiscal 2024, the company expects revenues of $50 billion. VMware is expected to contribute $12 billion to revenues. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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713371.0
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2023-12-11 00:00:00 UTC
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Northrop Grumman (NOC) Increases Yet Falls Behind Market: What Investors Need to Know
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https://www.nasdaq.com/articles/northrop-grumman-noc-increases-yet-falls-behind-market%3A-what-investors-need-to-know
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Northrop Grumman (NOC) closed the most recent trading day at $485.01, moving +1.2% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 1.37%. Meanwhile, the Dow gained 1.4%, and the Nasdaq, a tech-heavy index, added 1.38%.
Heading into today, shares of the defense contractor had gained 2.66% over the past month, lagging the Aerospace sector's gain of 7.86% and the S&P 500's gain of 5.37% in that time.
The investment community will be closely monitoring the performance of Northrop Grumman in its forthcoming earnings report. It is anticipated that the company will report an EPS of $5.77, marking a 23.07% fall compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $10.4 billion, indicating a 3.7% growth compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $22.73 per share and revenue of $39.02 billion. These totals would mark changes of -11% and +6.61%, respectively, from last year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Northrop Grumman. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about 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 exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Northrop Grumman is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Northrop Grumman is presently being traded at a Forward P/E ratio of 21.08. This denotes a premium relative to the industry's average Forward P/E of 17.44.
It is also worth noting that NOC currently has a PEG ratio of 8.71. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Aerospace - Defense was holding an average PEG ratio of 1.92 at yesterday's closing price.
The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 55, putting it in the top 22% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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
Northrop Grumman Corporation (NOC) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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 meantime, our current consensus estimate forecasts the revenue to be $10.4 billion, indicating a 3.7% growth compared to the corresponding quarter of the prior year. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
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Northrop Grumman (NOC) closed the most recent trading day at $485.01, moving +1.2% from the previous trading session. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $22.73 per share and revenue of $39.02 billion. Click to get this free report Northrop Grumman Corporation (NOC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Click to get this free report Northrop Grumman Corporation (NOC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Northrop Grumman (NOC) closed the most recent trading day at $485.01, moving +1.2% from the previous trading session. Heading into today, shares of the defense contractor had gained 2.66% over the past month, lagging the Aerospace sector's gain of 7.86% and the S&P 500's gain of 5.37% in that time. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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713372.0
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2023-12-11 00:00:00 UTC
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Financial Sector Update for 12/13/2023: C, ORRF, CVLY, WSR, AIRC
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https://www.nasdaq.com/articles/financial-sector-update-for-12-13-2023%3A-c-orrf-cvly-wsr-airc
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Financial stocks rose in late Wednesday afternoon trading with the NYSE Financial Index adding 1.7% and the Financial Select Sector SPDR Fund (XLF) advancing 1.6%.
The Philadelphia Housing Index climbed 2.9%, and the Real Estate Select Sector SPDR Fund (XLRE) jumped 3.7%.
Bitcoin (BTC-USD) gained 2.9% to $42,684, and the yield for 10-year US Treasuries tumbled 17 basis points to 4.03%.
In economic news, the Federal Open Market Committee maintained its federal funds target range at 5.25% to 5.5%, as expected, and altered its statement to suggest that inflation is less of a concern.
The producer price index held steady in November following a 0.4% decline in October, as expected in a survey compiled by Bloomberg.
In corporate news, Citigroup (C) is offering partial bonus awards to employees who agree to voluntarily leave as the bank's restructuring continues, Bloomberg reported Wednesday. Its shares gained 2.6%.
Apartment Income REIT (AIRC) had its price target cut to $40 from $44 and buy rating kept by Truist Securities. Apartment Income shares still rose 4%.
Orrstown Financial Services (ORRF) and Codorus Valley Bancorp (CVLY) said late Tuesday they plan to merge in an all-stock deal valued at $207 million, or $21.31 per Codorus share. Codorus shares jumped 16%, and Orrstown gained 9.7%.
Whitestone REIT (WSR) said its board unanimously rejected a proposal by Erez Asset Management Chair Bruce Schanzer demanding a majority change to the panel to launch a sale or liquidation of the company. Whitestone shares rose 4.3%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Philadelphia Housing Index climbed 2.9%, and the Real Estate Select Sector SPDR Fund (XLRE) jumped 3.7%. In corporate news, Citigroup (C) is offering partial bonus awards to employees who agree to voluntarily leave as the bank's restructuring continues, Bloomberg reported Wednesday. Whitestone REIT (WSR) said its board unanimously rejected a proposal by Erez Asset Management Chair Bruce Schanzer demanding a majority change to the panel to launch a sale or liquidation of the company.
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Financial stocks rose in late Wednesday afternoon trading with the NYSE Financial Index adding 1.7% and the Financial Select Sector SPDR Fund (XLF) advancing 1.6%. The Philadelphia Housing Index climbed 2.9%, and the Real Estate Select Sector SPDR Fund (XLRE) jumped 3.7%. Codorus shares jumped 16%, and Orrstown gained 9.7%.
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Financial stocks rose in late Wednesday afternoon trading with the NYSE Financial Index adding 1.7% and the Financial Select Sector SPDR Fund (XLF) advancing 1.6%. Orrstown Financial Services (ORRF) and Codorus Valley Bancorp (CVLY) said late Tuesday they plan to merge in an all-stock deal valued at $207 million, or $21.31 per Codorus share. Codorus shares jumped 16%, and Orrstown gained 9.7%.
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Its shares gained 2.6%. Codorus shares jumped 16%, and Orrstown gained 9.7%. Whitestone shares rose 4.3%.
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713373.0
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2023-12-11 00:00:00 UTC
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Science Applications (SAIC) to Realign Business Structure
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https://www.nasdaq.com/articles/science-applications-saic-to-realign-business-structure
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Science Applications SAIC recently unveiled its plan to reorganize its business structure, moving away from its current set up of two large divisions – Defense & Civilian Sector and National Security & Space Sector. Instead, it will establish five new smaller business groups – Army, Navy, Air Force and Combatant Commands, Space and Intelligence, and Civilian Group. The Civilian Group will consist of the present Civilian, Health and State and Local businesses.
The restructuring is scheduled to take effect on Feb 3, 2024. Josh Jackson, Barbara Supplee, Vinnie DiFronzo and David Ray that head the Army, Navy, Air Force and Combatant Commands, and Space and Intelligence business groups, respectively, will report directly to Townes-Whitley.
SAIC is looking for a leader outside the company to head the Civilian business group. Bob Genter, president of Defense and Civilian Sector, and Michael LaRouche, president of National Security and Space Sector, will leave Science Applications on Feb 2, 2024.
Science Applications International Corporation Price and Consensus
Science Applications International Corporation price-consensus-chart | Science Applications International Corporation Quote
In 2023, 2022 and 2021, 98% of SAIC's total revenues were directly or indirectly derived from the U.S. government through prime contracts or subcontracts with other contractors. A major portion of the company's customer base consists of various government agencies, including the U.S. military branches (Army, Air Force, Navy, Marines and Coast Guard), the U.S. Department of Homeland Security, the National Aeronautics and Space Administration, and the U.S. Department of State.
The recent decision to reorganize its business will help SAIC better align with its four strategic areas, namely portfolio, go-to-market, culture and brand. This will benefit Science Applications by allowing it to refocus on its strengths and expertise and reallocate resources toward strategic goals. Similarly, it will result in better alignment of the departments with their customer needs.
SAIC is benefiting from higher demand for its technology solutions due to the ongoing digital transformation wave across the defense, space, intelligence and civilian markets. The strong performance of its contract portfolio is also a tailwind.
The company’s third-quarter fiscal 2024 revenues increased 10.6% when adjusted for the impact of the logistics and supply-chain management division divesture and the deconsolidation of the Forfeiture Support Associates joint venture. A ramp-up in existing and new contracts primarily drove the upside.
Adjusted earnings for the quarter soared 19% to $2.27 per share. The robust year-over-year growth in the bottom line was primarily driven by solid operating performance along with the benefits of a lower tax rate and reduction in outstanding share count.
Zacks Rank and Other Stocks to Consider
Science Application sports a Zacks Rank #1 (Strong Buy) at present. Shares of SAIC have risen15.9% year to date.
Some other top-ranked stocks from the broader technology sector are Intel INTC, Upwork UPWK and Bel Fuse BELFB, each sporting a Zacks Rank #1 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Intel's fourth-quarter 2023 earnings has moved north 11 cents to 44 cents per share in the past 60 days. The bottom-line estimate for fiscal 2023 also moved north 34 cents to 95 cents in the past 60 days.
INTC’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed the same on one occasion, delivering an average surprise of 136.31%. Shares of INTC have risen 66.8% year to date.
The Zacks Consensus Estimate for Upwork's fourth-quarter 2023 earnings has remained unchanged for the past 90 days at 17 cents per share. For fiscal 2023, the bottom-line estimate has moved north 11 cents to 48 cents in the past 60 days.
UPWK’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 326.89%. Shares of UPWK have risen 34.2% year to date.
The Zacks Consensus Estimate for Bel Fuse’s fourth-quarter fiscal 2023 earnings has moved north 38 cents to $1.44 per share in the past 60 days. For fiscal 2023, the bottom-line estimate has increased 72 cents to $6.28 in the past 60 days.
BELFB’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 56.92%. Shares of BELFB have risen 85.1% year to date.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Intel Corporation (INTC) : Free Stock Analysis Report
Bel Fuse Inc. (BELFB) : Free Stock Analysis Report
Science Applications International Corporation (SAIC) : Free Stock Analysis Report
Upwork Inc. (UPWK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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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Josh Jackson, Barbara Supplee, Vinnie DiFronzo and David Ray that head the Army, Navy, Air Force and Combatant Commands, and Space and Intelligence business groups, respectively, will report directly to Townes-Whitley. The company’s third-quarter fiscal 2024 revenues increased 10.6% when adjusted for the impact of the logistics and supply-chain management division divesture and the deconsolidation of the Forfeiture Support Associates joint venture. The robust year-over-year growth in the bottom line was primarily driven by solid operating performance along with the benefits of a lower tax rate and reduction in outstanding share count.
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Instead, it will establish five new smaller business groups – Army, Navy, Air Force and Combatant Commands, Space and Intelligence, and Civilian Group. Science Applications International Corporation Price and Consensus Science Applications International Corporation price-consensus-chart | Science Applications International Corporation Quote In 2023, 2022 and 2021, 98% of SAIC's total revenues were directly or indirectly derived from the U.S. government through prime contracts or subcontracts with other contractors. Click to get this free report Intel Corporation (INTC) : Free Stock Analysis Report Bel Fuse Inc. (BELFB) : Free Stock Analysis Report Science Applications International Corporation (SAIC) : Free Stock Analysis Report Upwork Inc. (UPWK) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Science Applications International Corporation Price and Consensus Science Applications International Corporation price-consensus-chart | Science Applications International Corporation Quote In 2023, 2022 and 2021, 98% of SAIC's total revenues were directly or indirectly derived from the U.S. government through prime contracts or subcontracts with other contractors. The Zacks Consensus Estimate for Intel's fourth-quarter 2023 earnings has moved north 11 cents to 44 cents per share in the past 60 days. Click to get this free report Intel Corporation (INTC) : Free Stock Analysis Report Bel Fuse Inc. (BELFB) : Free Stock Analysis Report Science Applications International Corporation (SAIC) : Free Stock Analysis Report Upwork Inc. (UPWK) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Science Applications SAIC recently unveiled its plan to reorganize its business structure, moving away from its current set up of two large divisions – Defense & Civilian Sector and National Security & Space Sector. Some other top-ranked stocks from the broader technology sector are Intel INTC, Upwork UPWK and Bel Fuse BELFB, each sporting a Zacks Rank #1 at present. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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2023-12-11 00:00:00 UTC
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3 EV Stocks to Turn $10,000 Into $1 Million
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https://www.nasdaq.com/articles/3-ev-stocks-to-turn-%2410000-into-%241-million
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Electric vehicles (EVs) are undoubtedly a great alternative for the future. As the years go by, the world focuses on a great transition towards cleaner energy consumption and production. Society is leaning toward leaving the traditional vehicles that consume diesel and gasoline behind in favor of vehicles that consume clean energy. That would contribute to the well-being of our planet. These three EV stocks are doing an incredible job toward these goals. Let’s take a look at them.
Fisker (FSR)
Source: Eric Broder Van Dyke / Shutterstock.com
Fisker (NYSE:FSR) is dedicated to creating EVs that not only make environmental sense but also strike a chord.
Recently, the company reached some major milestones. In the third quarter of 2023, it earned $71.8 million in revenue from car sales, although the financial statistics had some quirks. FSR managed to raise $450 million, which boosted its cash reserves to $625 million.
On the production side, they are on fire, making 4,725 vehicles and delivering 1,097 in the third quarter. They delivered more than 1,200 vehicles in October, surpassing the entire volume of the third quarter. The company is revamping its delivery strategy, which has brought them $7.5 million in revenue on a single day of delivering 107 vehicles.
That new approach involves Fisker employees traveling directly to customers within a 100 km radius, making the entire process more personal and faster.
Fisker’s flagship, Fisker Ocean, is making waves with its affordable price and performance. Starting at $38,999, the Ocean Sport trim is attracting attention. The more robust Ocean Extreme, with a 113 kWh battery and a remarkable EPA range of 360 miles, is attracting attention worldwide.
Recently, the Fisker Ocean Sport’s European WLTP range was confirmed at 464 km, exceeding initial estimates. FSR doesn’t just make electric vehicles, it creates an emotional connection with their customers, one delivery at a time.
Aehr Test Systems (AEHR)
Source: Sopotnicki / Shutterstock.com
Aehr Test Systems’ (NASDAQ:AEHR), recent fiscal first quarter results reflect impressive growth, with net revenues increasing to $20.6 million, a substantial 93% increase over the previous fiscal year.
In particular, GAAP net income totaled $4.7 million, up significantly from $589,000 in the same quarter last fiscal year.
The company’s attractiveness to investors is underscored by its strong revenue and its contribution to a backlog of $22.3 million as of August 31, 2023. It is positioned for continued success, with an effective backlog, including all orders since the end of the first quarter, totaling $24.0 million.
In a major milestone on June 9, 2023, Aehr Test Systems announced a $13.7 million order from a Fortune 500 semiconductor supplier, highlighting the company’s role in meeting growing production needs for silicon carbide power semiconductors, particularly for EVs.
A noteworthy order on September 18, 2023, highlighted its growing influence, as a leading U.S.-based semiconductor supplier placed an initial order for a FOX-NP wafer level test and burn-in system.
That demonstrates the importance of Aehr Test Systems in the evolving landscape of silicon carbide power devices, especially in the context of EVs.
Gayn Erickson, president and CEO of Aehr Test Systems, expressed his enthusiasm for the company’s role in supporting customer growth and increasing production.
LiveWire Group (LVWR)
Source: MaggioPH / Shutterstock.com
LiveWire Group (NYSE:LVWR) is revolutionizing the EV landscape, particularly electric motorcycles. Despite a net loss of $14.6 million in the third quarter, the mood is upbeat, with improvements over the previous year.
The company operates in two key areas — electric motorcycles and STACYC, focusing on electric balance bikes for children. Although revenues were lower in the third quarter due to sales of LiveWire ONE, the company is strategically preparing for growth, investing in EV systems and preparing for the launch of Del Mar.
The company just welcomed Hiromichi (Hiro) Mizuno to its Board of Directors. Hiro, who joined on June 12, 2023, is an eminent sustainable investor with a global perspective.
His extensive experience and knowledge of the EV industry positions LiveWire for success as it expands into new markets. Jochen Zeitz, the bigwig at Harley-Davidson (NYSE:HOG) and LiveWire, expressed his enthusiasm for Hiro’s arrival, recognizing his role in driving LiveWire to become the quintessential electric motorcycle brand worldwide.
LVWR is not only making waves in the boardroom but also on the road. Reservations for the S2 Del Mar electric motorcycle already opened in Europe, and the positive feedback from U.S. customers is pouring in.
Despite third-quarter losses, LiveWire is steadily moving towards growth, focusing on delivering quality products and expanding its market reach.
As of this writing, Gabriel Osorio-Mazzilli 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.
Gabriel Osorio is a former Goldman Sachs and Citigroup employee. He possesses discipline in bottom-up value investing and volatility-based long/short equities trading.
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The post 3 EV Stocks to Turn $10,000 Into $1 Million appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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That new approach involves Fisker employees traveling directly to customers within a 100 km radius, making the entire process more personal and faster. That demonstrates the importance of Aehr Test Systems in the evolving landscape of silicon carbide power devices, especially in the context of EVs. Gayn Erickson, president and CEO of Aehr Test Systems, expressed his enthusiasm for the company’s role in supporting customer growth and increasing production.
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Aehr Test Systems (AEHR) Source: Sopotnicki / Shutterstock.com Aehr Test Systems’ (NASDAQ:AEHR), recent fiscal first quarter results reflect impressive growth, with net revenues increasing to $20.6 million, a substantial 93% increase over the previous fiscal year. In a major milestone on June 9, 2023, Aehr Test Systems announced a $13.7 million order from a Fortune 500 semiconductor supplier, highlighting the company’s role in meeting growing production needs for silicon carbide power semiconductors, particularly for EVs. LiveWire Group (LVWR) Source: MaggioPH / Shutterstock.com LiveWire Group (NYSE:LVWR) is revolutionizing the EV landscape, particularly electric motorcycles.
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Aehr Test Systems (AEHR) Source: Sopotnicki / Shutterstock.com Aehr Test Systems’ (NASDAQ:AEHR), recent fiscal first quarter results reflect impressive growth, with net revenues increasing to $20.6 million, a substantial 93% increase over the previous fiscal year. In a major milestone on June 9, 2023, Aehr Test Systems announced a $13.7 million order from a Fortune 500 semiconductor supplier, highlighting the company’s role in meeting growing production needs for silicon carbide power semiconductors, particularly for EVs. Although revenues were lower in the third quarter due to sales of LiveWire ONE, the company is strategically preparing for growth, investing in EV systems and preparing for the launch of Del Mar.
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Aehr Test Systems (AEHR) Source: Sopotnicki / Shutterstock.com Aehr Test Systems’ (NASDAQ:AEHR), recent fiscal first quarter results reflect impressive growth, with net revenues increasing to $20.6 million, a substantial 93% increase over the previous fiscal year. The company’s attractiveness to investors is underscored by its strong revenue and its contribution to a backlog of $22.3 million as of August 31, 2023. Despite third-quarter losses, LiveWire is steadily moving towards growth, focusing on delivering quality products and expanding its market reach.
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630d907d-0453-443f-8ca4-a924497844b7
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713375.0
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2023-12-11 00:00:00 UTC
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Affirm (AFRM) to Offer Varied Payment Options in Gift Card Space
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https://www.nasdaq.com/articles/affirm-afrm-to-offer-varied-payment-options-in-gift-card-space
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Affirm Holdings, Inc. AFRM recently collaborated with the renowned digital gift card distributor of the United States, Blackhawk Network (“BHN”), in a bid to offer a varied array of transparent and flexible payment options for purchasing gift cards.
An easy financing process awaits consumers inclined to buy digital gift cards, thanks to AFRM’s solution. One needs to apply for a loan on the Affirm platform, which is followed by immediate approval. Consequent to this, consumers can choose from a list of tailored repayment plans with annual percentage rates (“APR”) that start at 0% for eligible purchases. A 0% APR loan implies no interest payments by consumers, which seems lucrative.
Consumers have a clear understanding of their total purchase cost and are not required to pay anything more at the time of checkout, even if they miss out or are late on payments. Therefore, with greater peace of mind, they can purchase digital gift cards from entertainment, dining, clothing, accessories, outdoor goods, home and other varied brands directly on the official website of Affirm or in its app.
The recent partnership is likely to pave the way for the entry of Affirm’s payment solutions in a new market of digital gift cards, whose growth rate is more than double that of physical gift cards (per BHN management). The reach of AFRM’s network will inevitably receive a boost as a result of the recent move since BHN daily witnesses more than 300 million shoppers across the globe.
Such partnerships imply an opportunity for Affirm to boost fees from merchants in return for higher sales generated through the usage of financing products. AFRM generally earns a greater amount of merchant fees on 0% APR financing products. Also, the flexibility to buy now and make installment payments later does not strain the finances of a consumer, thereby substantiating the widespread adoption of AFRM’s financing product suite.
The decision to roll out its financing options across the gift card market seems to be a time-opportune move amid the ongoing holiday season. According to a recent Affirm survey, 70% of Americans may purchase a gift card during this holiday season. There are several reports of Black Friday sales hitting a record mark of $9.8 billion (according to Adobe Analytics), out of which $79 million of online sales took place with the help of buy-now-pay-later (BNPL) options. This bodes well for BNPL financing solution providers like Affirm.
This November, one of the tech giants, Amazon AMZN, chose Affirm to be the first pay-over-time option available at the checkout point of its business-to-business store, Amazon Business. AFRM also joined forces with Booking.com in September 2023 to provide flexible payment options to consumers in travel bookings.
Shares of Affirm have surged 67.3% in the past three months compared with the industry’s 2.2% growth. AFRM currently carries a Zacks Rank #2 (Buy).
Image Source: Zacks Investment Research
Other Stocks to Consider
Some other top-ranked stocks in the Business Services space are FirstCash Holdings, Inc. FCFS and Huron Consulting Group Inc. HURN, each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The bottom line of FirstCash outpaced estimates in each of the last four quarters, the average surprise being 7.86%. The Zacks Consensus Estimate for FCFS’s 2023 earnings suggests an improvement of 13.1% from the year-ago reported figure. The consensus mark for revenues suggests growth of 15.8% from the prior-year figure. The consensus mark for FCFS’s 2023 earnings has moved 5.2% north in the past 60 days.
Huron Consulting’s earnings outpaced estimates in each of the trailing four quarters, the average surprise being 25.69%. The Zacks Consensus Estimate for HURN’s 2023 earnings suggests an improvement of 38.8% from the year-ago reported figure. The consensus mark for revenues suggests growth of 20.5% from the prior-year reading. The consensus mark for HURN’s 2023 earnings has moved 5.3% north in the past 60 days.
Shares of FirstCash and Huron Consulting have gained 19.8% and 5.3%, respectively, in the past three months.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
FirstCash Holdings, Inc. (FCFS) : Free Stock Analysis Report
Huron Consulting Group Inc. (HURN) : Free Stock Analysis Report
Affirm Holdings, Inc. (AFRM) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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, with greater peace of mind, they can purchase digital gift cards from entertainment, dining, clothing, accessories, outdoor goods, home and other varied brands directly on the official website of Affirm or in its app. The reach of AFRM’s network will inevitably receive a boost as a result of the recent move since BHN daily witnesses more than 300 million shoppers across the globe. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
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Image Source: Zacks Investment Research Other Stocks to Consider Some other top-ranked stocks in the Business Services space are FirstCash Holdings, Inc. FCFS and Huron Consulting Group Inc. HURN, each sporting a Zacks Rank #1 (Strong Buy) at present. The Zacks Consensus Estimate for FCFS’s 2023 earnings suggests an improvement of 13.1% from the year-ago reported figure. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report FirstCash Holdings, Inc. (FCFS) : Free Stock Analysis Report Huron Consulting Group Inc. (HURN) : Free Stock Analysis Report Affirm Holdings, Inc. (AFRM) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Affirm Holdings, Inc. AFRM recently collaborated with the renowned digital gift card distributor of the United States, Blackhawk Network (“BHN”), in a bid to offer a varied array of transparent and flexible payment options for purchasing gift cards. Image Source: Zacks Investment Research Other Stocks to Consider Some other top-ranked stocks in the Business Services space are FirstCash Holdings, Inc. FCFS and Huron Consulting Group Inc. HURN, each sporting a Zacks Rank #1 (Strong Buy) at present. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report FirstCash Holdings, Inc. (FCFS) : Free Stock Analysis Report Huron Consulting Group Inc. (HURN) : Free Stock Analysis Report Affirm Holdings, Inc. (AFRM) : Free Stock Analysis Report To read this article on Zacks.com click here.
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A 0% APR loan implies no interest payments by consumers, which seems lucrative. Image Source: Zacks Investment Research Other Stocks to Consider Some other top-ranked stocks in the Business Services space are FirstCash Holdings, Inc. FCFS and Huron Consulting Group Inc. HURN, each sporting a Zacks Rank #1 (Strong Buy) at present. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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36e7ae8b-7497-4941-a7a9-11e8a40ac4da
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713376.0
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2023-12-11 00:00:00 UTC
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Cash Dividend On The Way From National Grid Preferred Stock
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https://www.nasdaq.com/articles/cash-dividend-on-the-way-from-national-grid-preferred-stock
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On 12/15/23, National Grid plc's 3.60% Series Preferred Stock (Symbol: NMK.PRB) will trade ex-dividend, for its quarterly dividend of $0.90, payable on 12/29/23. As a percentage of NMK.PRB's recent share price of $85.00, this dividend works out to approximately 1.06%, so look for shares of NMK.PRB to trade 1.06% lower — all else being equal — when NMK.PRB shares open for trading on 12/15/23. On an annualized basis, the current yield is approximately 4.17%, which compares to an average yield of 6.94% in the "Utilities" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of NMK.PRB shares, versus NGG:
Below is a dividend history chart for NMK.PRB, showing historical dividends prior to the most recent $0.90 on National Grid plc's 3.60% Series Preferred Stock:
Free Report: Top 8%+ Dividends (paid monthly)
In Wednesday trading, National Grid plc's 3.60% Series Preferred Stock (Symbol: NMK.PRB) is currently down about 1.6% on the day, while the common shares (Symbol: NGG) are up about 1.5%.
Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »
Also see:
Institutional Holders of FOGO
Institutional Holders of BATS
MACK shares outstanding history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On 12/15/23, National Grid plc's 3.60% Series Preferred Stock (Symbol: NMK.PRB) will trade ex-dividend, for its quarterly dividend of $0.90, payable on 12/29/23. The chart below shows the one year performance of NMK.PRB shares, versus NGG: Below is a dividend history chart for NMK.PRB, showing historical dividends prior to the most recent $0.90 on National Grid plc's 3.60% Series Preferred Stock: Free Report: Top 8%+ Dividends (paid monthly) In Wednesday trading, National Grid plc's 3.60% Series Preferred Stock (Symbol: NMK.PRB) is currently down about 1.6% on the day, while the common shares (Symbol: NGG) are up about 1.5%. dividend stocks also have preferred shares that should be on your radar screen » Also see: Institutional Holders of FOGO Institutional Holders of BATS MACK shares outstanding history The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On 12/15/23, National Grid plc's 3.60% Series Preferred Stock (Symbol: NMK.PRB) will trade ex-dividend, for its quarterly dividend of $0.90, payable on 12/29/23. The chart below shows the one year performance of NMK.PRB shares, versus NGG: Below is a dividend history chart for NMK.PRB, showing historical dividends prior to the most recent $0.90 on National Grid plc's 3.60% Series Preferred Stock: Free Report: Top 8%+ Dividends (paid monthly) In Wednesday trading, National Grid plc's 3.60% Series Preferred Stock (Symbol: NMK.PRB) is currently down about 1.6% on the day, while the common shares (Symbol: NGG) are up about 1.5%. dividend stocks also have preferred shares that should be on your radar screen » Also see: Institutional Holders of FOGO Institutional Holders of BATS MACK shares outstanding history The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The chart below shows the one year performance of NMK.PRB shares, versus NGG: Below is a dividend history chart for NMK.PRB, showing historical dividends prior to the most recent $0.90 on National Grid plc's 3.60% Series Preferred Stock: Free Report: Top 8%+ Dividends (paid monthly) In Wednesday trading, National Grid plc's 3.60% Series Preferred Stock (Symbol: NMK.PRB) is currently down about 1.6% on the day, while the common shares (Symbol: NGG) are up about 1.5%. Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen » Also see: Institutional Holders of FOGO Institutional Holders of BATS MACK shares outstanding history The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On 12/15/23, National Grid plc's 3.60% Series Preferred Stock (Symbol: NMK.PRB) will trade ex-dividend, for its quarterly dividend of $0.90, payable on 12/29/23. As a percentage of NMK.PRB's recent share price of $85.00, this dividend works out to approximately 1.06%, so look for shares of NMK.PRB to trade 1.06% lower — all else being equal — when NMK.PRB shares open for trading on 12/15/23. On an annualized basis, the current yield is approximately 4.17%, which compares to an average yield of 6.94% in the "Utilities" preferred stock category, according to Preferred Stock Channel.
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713377.0
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2023-12-11 00:00:00 UTC
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Disney, Comcast increase US ad spending on Instagram after dropping Musk's X - report
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https://www.nasdaq.com/articles/disney-comcast-increase-us-ad-spending-on-instagram-after-dropping-musks-x-report
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By Jaspreet Singh
Dec 13 (Reuters) - Big U.S. companies including Walt Disney and Comcast increased advertising spending on Instagram after pausing commercials on X last month, according to Sensor Tower, as marketers flee the Elon Musk-owned social media platform over antisemitic content.
Disney DIS.N and Comcast CMCSA.O lifted their U.S. spending on the app owned by Meta META.O by 40% and about 6% respectively in the two weeks from Nov. 20, Sensor Tower data showed. Paramount PARA.O, meanwhile, tripled its spending on Snapchat.
The figures underscore the challenge facing Musk, who in late November unleashed a profanity-laced tirade against advertiserswho had dropped X, formerly known as Twitter.
The billionaire has seen several advertisers flee the platform after he endorsed an antisemitic post that falsely claimed members of the Jewish community were stoking hatred against white people. He has apologized for sharing the post.
"Brands are intelligent about these choices, and any brand safety concerns will be met with a re-allocation of budgets away from troubled platforms," said Felipe Thomaz, associate professor of marketing at University of Oxford.
Disney, Comcast, Paramount and X did not immediately respond to requests for comment.
Sensor Tower's data showed 51 of the top 100 U.S. advertisers on X from October last year, when Musk bought the platform, have ceased ad spending on it as of November 2023.
The platform has also seen a 16% decline in monthly active users since the buyout, though the user engagement has remained stable, the market intelligence firm said.
Bloomberg News reported on Tuesday X was on track to suffer a big slump in ad revenue this year to roughly $2.5 billion.
"While platforms like X are likely to maintain a core niche of users, the overall trends show consumers are swapping out text-based social networking apps for photo and video-first platforms," mobile analytics firm data.ai said in a report earlier this month.
"Along with a series of mismanagement and public image fumbles for X, there is a general shift of where news content is being absorbed."
(Reporting by Jaspreet Singh in Bengaluru; Editing by Maju Samuel)
((Jaspreet.Singh@thomsonreuters.com; https://twitter.com/i_jass;))
The views and 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 Jaspreet Singh Dec 13 (Reuters) - Big U.S. companies including Walt Disney and Comcast increased advertising spending on Instagram after pausing commercials on X last month, according to Sensor Tower, as marketers flee the Elon Musk-owned social media platform over antisemitic content. The billionaire has seen several advertisers flee the platform after he endorsed an antisemitic post that falsely claimed members of the Jewish community were stoking hatred against white people. Sensor Tower's data showed 51 of the top 100 U.S. advertisers on X from October last year, when Musk bought the platform, have ceased ad spending on it as of November 2023.
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By Jaspreet Singh Dec 13 (Reuters) - Big U.S. companies including Walt Disney and Comcast increased advertising spending on Instagram after pausing commercials on X last month, according to Sensor Tower, as marketers flee the Elon Musk-owned social media platform over antisemitic content. Disney DIS.N and Comcast CMCSA.O lifted their U.S. spending on the app owned by Meta META.O by 40% and about 6% respectively in the two weeks from Nov. 20, Sensor Tower data showed. Sensor Tower's data showed 51 of the top 100 U.S. advertisers on X from October last year, when Musk bought the platform, have ceased ad spending on it as of November 2023.
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By Jaspreet Singh Dec 13 (Reuters) - Big U.S. companies including Walt Disney and Comcast increased advertising spending on Instagram after pausing commercials on X last month, according to Sensor Tower, as marketers flee the Elon Musk-owned social media platform over antisemitic content. Sensor Tower's data showed 51 of the top 100 U.S. advertisers on X from October last year, when Musk bought the platform, have ceased ad spending on it as of November 2023. "While platforms like X are likely to maintain a core niche of users, the overall trends show consumers are swapping out text-based social networking apps for photo and video-first platforms," mobile analytics firm data.ai said in a report earlier this month.
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The billionaire has seen several advertisers flee the platform after he endorsed an antisemitic post that falsely claimed members of the Jewish community were stoking hatred against white people. Disney, Comcast, Paramount and X did not immediately respond to requests for comment. Sensor Tower's data showed 51 of the top 100 U.S. advertisers on X from October last year, when Musk bought the platform, have ceased ad spending on it as of November 2023.
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abdeebf2-358d-46f1-af73-b619e744ce24
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713378.0
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2023-12-11 00:00:00 UTC
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Will UFP Industries (UFPI) Retain its Winning Streak in 2024?
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https://www.nasdaq.com/articles/will-ufp-industries-ufpi-retain-its-winning-streak-in-2024
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Shares of UFP Industries, Inc. UFPI jumped 43.1% year to date, robustly outperforming the Zacks Building Products - Wood industry’s 12.3% growth and the S&P 500 index’s 21.1% increase. The trend is likely to continue in the next year, as this wood and related products supplier has been benefiting from investments in product innovation and acquisition synergies.
Improvements in the U.S. residential market and repair and remodeling activities are also expected to contribute to sales in the future. Its cost-containment efforts and strong liquidity to offset margin-related woes are commendable.
Although 2023 earnings estimates reflect a 26% year-over-year decline, it currently has a VGM Score of A, supported by a Value & Growth Score of A.
Image Source: Zacks Investment Research
Let’s check the factors supporting positive investor sentiments amid ongoing headwinds.
Product Innovation & Acceleration to Forgo Pricing-Related Headwinds
New product development is an integral part of UFPI's strategic plan for its business units. It also anticipates to gain from the existing product portfolio, initiatives to improve production efficiency and solid growth opportunities in the industrial market.
In third-quarter 2023, new product sales, as a percent of total sales, rose to 9.7% from 7.8% year over year. The same rose to 9.6% from 7.3% in the first nine months of 2023.
Despite lagging behind its new product sales’ expected target of $795 million for 2023, due to reduced lumber market pricing, the company expects to reach 10% henceforth as it is increasing investments in developing, marketing and selling new products, which is conducive to top-line growth. UFP Industries is exploring intellectual property, technology and process improvement acquisitions and ventures through the Innovation Fund, which is designed to get new products at an earlier stage of development and enable faster commercialization and scaling.
A New Initiative to Digitalize it Business Bode Well
TimberBase — a UFPI company — recently launched a B2B digital platform, TimberBase.com. Purchased from a Germany-based tech start-up — Timber Base GmbH — in February 2023, this platform will ensure efficient buying and selling of lumber and building materials. Supported by UFP Industries’ team of international industry experts, the launched platform is an upgraded version with a more intuitive interface. It is intended to make the buying and selling process for customers and suppliers simpler globally.
UFPI is optimistic about the launch of the new digital platform, as it believes this will provide access to valuable wood baskets throughout the world along with export opportunities. This will be advantageous for its manufacturing operations in North America, Europe, Asia and Australia as it will define new supplier relationships.
Acquisitions & Expansion Strategy to Mitigate Cost & Supply Woes
UFPI aims to focus on strategic buyout investments and maintain a healthy pipeline of acquisition targets in its core businesses to ensure long-term growth and margin improvement and expand its product portfolio and global reach, accompanied by creating incremental value for customers and shareholders. Acquisitions contributed 2% to unit sales growth in the third quarter of 2023.
To that note, the company recently announced its strategic expansion in the global packaging arena with the acquisition of the remaining ownership interests in NORPAL S. de R.L. de C.V. and TIBASA Universal Forest Products S. de R.L. de C.V., two key affiliates in Mexico. The entities will now amalgamate as UFP Palets y Embalajes S. de R.L. de C.V., operating across three key locations, namely Monterrey, Durango and Guanajuato. The acquisition aligns with UFPI's broader strategy to enhance its stature as a world-class packaging solutions provider.
UFPI acquired one company in the third quarter of 2023, four companies in 2022 and nine in 2021. On Sep 20, 2023, the company acquired 80 percent of the equity in Palets Suller, a leading manufacturer of machine-built pallets in Spain, which will drive its game as a global packaging solutions provider. Acquisitions contributed 2% to unit sales growth in third-quarter 2023.
Solid Liquidity Position Helps to Reward Investors Regularly
UFP Industries follows a consistent policy of returning its shareholders’ funds handsomely. This is mainly supported by its strong liquidity position. On Jul 26, 2023, its board approved an increase in its quarterly dividend payment to 30 cents per share, reflecting an increase of 20% year over year. Its board authorized up to $200 million for share repurchases through Jul 31, 2024.
The company had $2.2 billion of liquidity as of Sep 30, 2023. Cash and cash equivalents were $957.2 million at the end of the third quarter compared with $449.1 million a year ago and $559.4 million at fiscal 2022-end. The current liquidity level is sufficient to meet the short-term obligation of $1.5 million as of September 2023 end. The long-term debt was $273.3 million as of Sep 30, 2023, slightly down from $275.2 million on Dec 31, 2022 and $275.4 million a year ago.
Zacks Rank & Key Picks
UFP Industries currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks that warrant a look in the same industry are:
Gates Industrial Corporation plc GTES manufactures engineered power transmission and fluid power solutions. GTES currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
GTES’ expected earnings growth rate for 2023 is 10.5%. The consensus mark for GTES’ 2023 earnings has moved north to $1.26 per share from $1.21 in the past 30 days.
M-tron Industries, Inc. MPTI currently flaunts a Zacks Rank #1. MPTI delivered a trailing four-quarter earnings surprise of 35.6%, on average.
The Zacks Consensus Estimate for MPTI’s 2023 sales and EPS indicates growth of 30.6% and 156.7%, respectively, from the previous year.
Willdan Group, Inc. WLDN is a nationwide provider of professional, technical and consulting services to utilities, government agencies and private industry.
WLDN presently sports a Zacks Rank #1. Its expected earnings growth rate for 2023 is 50%.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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
UFP Industries, Inc. (UFPI) : Free Stock Analysis Report
Willdan Group, Inc. (WLDN) : Free Stock Analysis Report
Gates Industrial Corporation PLC (GTES) : Free Stock Analysis Report
M-tron Industries, Inc. (MPTI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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UFP Industries is exploring intellectual property, technology and process improvement acquisitions and ventures through the Innovation Fund, which is designed to get new products at an earlier stage of development and enable faster commercialization and scaling. Purchased from a Germany-based tech start-up — Timber Base GmbH — in February 2023, this platform will ensure efficient buying and selling of lumber and building materials. On Sep 20, 2023, the company acquired 80 percent of the equity in Palets Suller, a leading manufacturer of machine-built pallets in Spain, which will drive its game as a global packaging solutions provider.
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It also anticipates to gain from the existing product portfolio, initiatives to improve production efficiency and solid growth opportunities in the industrial market. Gates Industrial Corporation plc GTES manufactures engineered power transmission and fluid power solutions. Click to get this free report UFP Industries, Inc. (UFPI) : Free Stock Analysis Report Willdan Group, Inc. (WLDN) : Free Stock Analysis Report Gates Industrial Corporation PLC (GTES) : Free Stock Analysis Report M-tron Industries, Inc. (MPTI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Shares of UFP Industries, Inc. UFPI jumped 43.1% year to date, robustly outperforming the Zacks Building Products - Wood industry’s 12.3% growth and the S&P 500 index’s 21.1% increase. Despite lagging behind its new product sales’ expected target of $795 million for 2023, due to reduced lumber market pricing, the company expects to reach 10% henceforth as it is increasing investments in developing, marketing and selling new products, which is conducive to top-line growth. Click to get this free report UFP Industries, Inc. (UFPI) : Free Stock Analysis Report Willdan Group, Inc. (WLDN) : Free Stock Analysis Report Gates Industrial Corporation PLC (GTES) : Free Stock Analysis Report M-tron Industries, Inc. (MPTI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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In third-quarter 2023, new product sales, as a percent of total sales, rose to 9.7% from 7.8% year over year. This is mainly supported by its strong liquidity position. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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713379.0
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2023-12-11 00:00:00 UTC
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3 Stocks Primed to Deliver 10X Gains in a Crypto Bull Market
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DCOMP
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https://www.nasdaq.com/articles/3-stocks-primed-to-deliver-10x-gains-in-a-crypto-bull-market
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
A crypto bull market could be on the horizon, and history shows certain stocks tend to dramatically outperform major cryptocurrencies when prices are surging. Despite Bitcoin’s (BTC-USD) recent spike, many related equities remain far below previous highs. However, if crypto keeps climbing, massive gains may follow for crypto-adjacent companies.
Of course, corrections or downturns are likely as the highly-volatile crypto market ebbs and flows. However, several catalysts suggest tailwinds for crypto, including long-awaited optimism around a Bitcoin ETF and April’s halving event, which should bolster Bitcoin prices over the long-term. Moreover, expected rate cuts in 2024 could provide additional momentum for the sector.
Consequently, now is the time to identify stocks primed to deliver exponential returns amid the next crypto frenzy. I’ve got my eye on three in particular, so let’s dive in.
Riot Platforms (RIOT)
Source: rafapress / Shutterstock.com
Regarding pure-plays in the crypto mining space, Riot Platforms (NASDAQ:RIOT) remains my top pick for investors looking to ride the inevitable ups and downs of the crypto market. This company has systematically expanded its Bitcoin mining operations to capitalize on future bull runs. Most recently, its Bitcoin production climbed 21% month-over-month to 552 BTC in November.
Riot achieved this production with a network hash rate of just 12.4 EH/s. For context, the higher the hash rate, the more mining power Riot commands to unlock block rewards and transaction fees that are paid out in Bitcoin. So, as the company’s hash rate expands, so does its production.
Given these recent numbers, Riot is likely to see major capacity growth over time. In June, Riot penned a long-term purchase agreement with MicroBT for 33,280 next-gen Bitcoin miners, primarily destined for its Corsicana mining facility in Texas. Just this month, the company tacked on another 66,560 miners via a secondary MicroBT order.
These two deals will balloon Riot’s self-mining hash rate by 26 EH/s, with full deployment targeted by mid-2025. At that point, it will have a self-mining capacity nearing 38 EH/s. That’s a 3x increase from current levels. Thus, Riot benefits not only from rising Bitcoin prices, but also from expanding market share.
Even with Bitcoin languishing 40% below all-time highs, Riot’s current cost to mine 1 BTC stands at $5,537. As I write this, Bitcoin is trading above $42,000, providing a healthy buffer for Riot’s margins. Thus, profitability is likely even if crypto prices correct from here. Of course, if Bitcoin enters full-on bull market mode, the profit upside for Riot is massive.
Marathon Digital (MARA)
Source: Yev_1234 / Shutterstock
Marathon Digital (NASDAQ:MARA) represents another crypto mining play leveraged to Bitcoin’s long-term ascent. While Marathon’s cost to produce each Bitcoin comes in significantly higher than Riot’s at approximately $19,000 per coin, it’s difficult to ignore the growth Marathon has achieved in recent quarters.
Marathon mined 3,490 Bitcoins in Q3 2023, a 467% surge compared to 616 BTC in the year-ago quarter. It generated $64 million in net income on this revenue.
So, even with elevated mining costs factored in, Marathon remains healthily profitable. Given Bitcoin is hovering near the $42k threshold as we turn the page to 2024, I think this will remain the case next year. And with the company’s network hash rate continuing to grow, Marathon appears well-positioned to capitalize on the overall growth of crypto mining in North America.
HIVE Blockchain (HIVE)
Source: karnoff / Shutterstock
While the smallest of the trio, I view Hive Blockchain’s (NASDAQ:HIVE) laggard performance relative to Riot and Marathon as an opportunity amid the recent recovery. Hive’s expansion is no less impressive. As of its December update, the company produced 276 Bitcoin across mining facilities in Canada, Sweden, and Atlantic Canada in November.
Management noted that recently acquired Bitmain S19j Pro miners operate at an efficient 23 J/TH, so while HIVE’s cost to mine each Bitcoin comes in at approximately $22,600 (the highest amongst the three stocks profiled today) profitability isn’t a major concern with Bitcoin hovering at levels that are almost double the company’s cost.
With the crypto bear market now in the rearview mirror, Hive continues to acquire next-generation miners at discounted rates to bolster capacity ahead of Bitcoin’s next sustained leg higher. Hive’s cost per Bitcoin should moderate once this equipment comes online over the next 6-12 months.
The ultimate goal is maintaining cash flow breakeven production levels after this April’s impending Bitcoin halving event, before reaping outsized profits when crypto values accelerate. So, HIVE stock represents a higher-risk but potentially higher-reward play on the long-term crypto mining theme if Bitcoin booms, as many experts anticipate by 2025.
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.
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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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With the crypto bear market now in the rearview mirror, Hive continues to acquire next-generation miners at discounted rates to bolster capacity ahead of Bitcoin’s next sustained leg higher. The ultimate goal is maintaining cash flow breakeven production levels after this April’s impending Bitcoin halving event, before reaping outsized profits when crypto values accelerate. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 Stocks Primed to Deliver 10X Gains in a Crypto Bull Market appeared first on InvestorPlace.
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Riot Platforms (RIOT) Source: rafapress / Shutterstock.com Regarding pure-plays in the crypto mining space, Riot Platforms (NASDAQ:RIOT) remains my top pick for investors looking to ride the inevitable ups and downs of the crypto market. Marathon Digital (MARA) Source: Yev_1234 / Shutterstock Marathon Digital (NASDAQ:MARA) represents another crypto mining play leveraged to Bitcoin’s long-term ascent. And with the company’s network hash rate continuing to grow, Marathon appears well-positioned to capitalize on the overall growth of crypto mining in North America.
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Riot Platforms (RIOT) Source: rafapress / Shutterstock.com Regarding pure-plays in the crypto mining space, Riot Platforms (NASDAQ:RIOT) remains my top pick for investors looking to ride the inevitable ups and downs of the crypto market. Marathon Digital (MARA) Source: Yev_1234 / Shutterstock Marathon Digital (NASDAQ:MARA) represents another crypto mining play leveraged to Bitcoin’s long-term ascent. Management noted that recently acquired Bitmain S19j Pro miners operate at an efficient 23 J/TH, so while HIVE’s cost to mine each Bitcoin comes in at approximately $22,600 (the highest amongst the three stocks profiled today) profitability isn’t a major concern with Bitcoin hovering at levels that are almost double the company’s cost.
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Even with Bitcoin languishing 40% below all-time highs, Riot’s current cost to mine 1 BTC stands at $5,537. Thus, profitability is likely even if crypto prices correct from here. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 Stocks Primed to Deliver 10X Gains in a Crypto Bull Market appeared first on InvestorPlace.
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d702f043-0886-4018-a9ba-d67b1291f072
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713380.0
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2023-12-11 00:00:00 UTC
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Energy Sector Update for 12/13/2023: ENPH, ARIS, EOSE
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DCOMP
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https://www.nasdaq.com/articles/energy-sector-update-for-12-13-2023%3A-enph-aris-eose
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Energy stocks edged lower Wednesday afternoon with the NYSE Energy Sector Index down 0.1% and the Energy Select Sector SPDR Fund (XLE) falling 0.2%.
The Philadelphia Oil Service Sector index dropped 0.3%, and the Dow Jones US Utilities index rose 1%.
US crude oil stocks, including those in the Strategic Petroleum Reserve, declined 4.3 million barrels in the week ended Dec. 8 following a matching decrease of 4.3 million barrels in the previous week.
West Texas Intermediate crude oil rose 0.8% to $69.16 a barrel, while the global benchmark Brent crude contract advanced 0.9% to $73.87 a barrel.
Henry Hub natural gas futures rose 1.9% to $2.354 per 1 million BTU.
In corporate news, Enphase Energy (ENPH) said Wednesday it's expanding support for virtual power plants via grid-services programs in the US, backed by its new IQ batteries. The shares fell 2%.
Eos Energy Enterprises (EOSE) jumped 16%, a day after saying it signed a memorandum of understanding with renewable energy company Pine Gate to expand their partnership in energy storage installations.
Aris Water Solutions (ARIS) shares rose 1.8% after the company was initiated at buy by Seaport with a $15 price target.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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US crude oil stocks, including those in the Strategic Petroleum Reserve, declined 4.3 million barrels in the week ended Dec. 8 following a matching decrease of 4.3 million barrels in the previous week. Henry Hub natural gas futures rose 1.9% to $2.354 per 1 million BTU. In corporate news, Enphase Energy (ENPH) said Wednesday it's expanding support for virtual power plants via grid-services programs in the US, backed by its new IQ batteries.
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Energy stocks edged lower Wednesday afternoon with the NYSE Energy Sector Index down 0.1% and the Energy Select Sector SPDR Fund (XLE) falling 0.2%. US crude oil stocks, including those in the Strategic Petroleum Reserve, declined 4.3 million barrels in the week ended Dec. 8 following a matching decrease of 4.3 million barrels in the previous week. Aris Water Solutions (ARIS) shares rose 1.8% after the company was initiated at buy by Seaport with a $15 price target.
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Energy stocks edged lower Wednesday afternoon with the NYSE Energy Sector Index down 0.1% and the Energy Select Sector SPDR Fund (XLE) falling 0.2%. US crude oil stocks, including those in the Strategic Petroleum Reserve, declined 4.3 million barrels in the week ended Dec. 8 following a matching decrease of 4.3 million barrels in the previous week. Eos Energy Enterprises (EOSE) jumped 16%, a day after saying it signed a memorandum of understanding with renewable energy company Pine Gate to expand their partnership in energy storage installations.
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Energy stocks edged lower Wednesday afternoon with the NYSE Energy Sector Index down 0.1% and the Energy Select Sector SPDR Fund (XLE) falling 0.2%. US crude oil stocks, including those in the Strategic Petroleum Reserve, declined 4.3 million barrels in the week ended Dec. 8 following a matching decrease of 4.3 million barrels in the previous week. West Texas Intermediate crude oil rose 0.8% to $69.16 a barrel, while the global benchmark Brent crude contract advanced 0.9% to $73.87 a barrel.
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8db7c382-ec18-44ab-a30c-5c354acb82ee
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713381.0
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2023-12-11 00:00:00 UTC
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3 Penny Precious Metal Stocks to Buy for Multibagger Returns
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https://www.nasdaq.com/articles/3-penny-precious-metal-stocks-to-buy-for-multibagger-returns
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Strategist John Teves from UBS believes that gold can touch $2,200 an ounce by the end of next year.
Similarly, analysts talk about gold touching $2,400 an ounce in 2024. It’s difficult to predict exact levels, but it’s clear that the outlook for gold and other precious metals is bullish. Blue-chip stocks in the gold mining space can be value creators.
Further, multiple rate cuts next year is the biggest reason to be bullish on precious metals. Of course, factors of geopolitical tensions and continued buying of gold by central banks is likely to support the rally.
Notably, gold has been in an extended period of consolidation around $1,800 to $2,000 an ounce. With strong support levels from a technical perspective, a 15% to 20% breakout rally seems likely. Therefore, let’s consider exposure to blue-chip as well as penny precious metal stocks for robust returns.
Hecla Mining (HL)
Source: Phawat / Shutterstock.com
Hecla Mining (NYSE:HL) is the largest U.S. silver miner, with the company also having exposure to gold assets. After trending lower by 20% for year to date (YTD), HL stock looks attractive. Additionally, healthy dividend growth may be coming in 2024.
The current year has been disappointing for Hecla Mining with the suspension of mining activities at Lucky Friday. However, HL has guided for resumption of mining at Lucky Friday in early 2024. Further, the Keno Hill asset is likely to be a major contributor to production growth through next year.
Further, if associated with higher gold and silver prices, Hecla is positioned for robust growth in revenue and free cash flows. Also, the company’s all-in-sustaining-cost for silver mining is lower compared to peers. With potential dividend growth, HL stock will be positioned for re-rating.
Iamgold (IAG)
Source: Alexander Limbach / Shutterstock
Iamgold (NYSE:IAG) is another penny precious metal stock that looks deeply undervalued. IAG is an easy double from current levels of $2.1 if gold trades around $2,200 to $2,400 an ounce in 2024.
First, Iamgold has a strong balance sheet profile. As of September 2023, the company reported a liquidity buffer of $1 billion. So, this provides ample flexibility for organic and acquisition driven growth. Recently, Iamgold acquired Vanstar Resources for a consideration of $31 million.
Secondly, the Cote gold project is 90.6% complete. With production from this asset commencing near year, Iamgold is positioned for robust production and cash flow upside. For Q3 of 2023, Iamgold reported operating cash flow of $37.5 million. So, given the upside in gold and production ramp-up, investors can expect annualized OCF of at least $200 million for 2024.
Orla Mining (ORLA)
Source: Shutterstock
Orla Mining (NYSE:ORLA) stock has witnessed a substantial correction of 35% YTD. However, the results have been encouraging. Certain investors remain bullish on a reversal for this penny precious metal stock. Also, the onset that Newmont Corporation (NYSE:NEM) holds 13.8% stake in Orla.
For Q3 2023, Orla Mining reported gold production of 32,425 ounces. Additionally, the company has revised the production outlook for 2023 on the upside to 110,000 to 120,000 ounces.
However, Orla has an all-in-sustaining-cost of $743 an ounce. In fact, in revenue of $60.3 million for Q3, the company generated free cash flow of $18.8 million.
Assuming production trends higher and gold upside sustains, Orla Mining will be positioned for annual FCF of approximately $100 million. This will provide Orla with the flexibility to invest in exploration projects or pursue acquisitions. Therefore, ORLA stock is attractive and poised for a sharp reversal rally.
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 post 3 Penny Precious Metal Stocks to Buy for Multibagger Returns 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, if associated with higher gold and silver prices, Hecla is positioned for robust growth in revenue and free cash flows. Assuming production trends higher and gold upside sustains, Orla Mining will be positioned for annual FCF of approximately $100 million. 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 Penny Precious Metal Stocks to Buy for Multibagger Returns appeared first on InvestorPlace.
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Hecla Mining (HL) Source: Phawat / Shutterstock.com Hecla Mining (NYSE:HL) is the largest U.S. silver miner, with the company also having exposure to gold assets. Iamgold (IAG) Source: Alexander Limbach / Shutterstock Iamgold (NYSE:IAG) is another penny precious metal stock that looks deeply undervalued. Orla Mining (ORLA) Source: Shutterstock Orla Mining (NYSE:ORLA) stock has witnessed a substantial correction of 35% YTD.
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Hecla Mining (HL) Source: Phawat / Shutterstock.com Hecla Mining (NYSE:HL) is the largest U.S. silver miner, with the company also having exposure to gold assets. Orla Mining (ORLA) Source: Shutterstock Orla Mining (NYSE:ORLA) stock has witnessed a substantial correction of 35% YTD. Assuming production trends higher and gold upside sustains, Orla Mining will be positioned for annual FCF of approximately $100 million.
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Orla Mining (ORLA) Source: Shutterstock Orla Mining (NYSE:ORLA) stock has witnessed a substantial correction of 35% YTD. For Q3 2023, Orla Mining reported gold production of 32,425 ounces. However, Orla has an all-in-sustaining-cost of $743 an ounce.
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21ecd469-229c-4a36-89f5-a9d705524472
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713382.0
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2023-12-11 00:00:00 UTC
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Gabelli Equity Trust's 5.00% Series H Cumulative Preferred Stock About To Put More Money In Your Pocket
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DCOMP
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https://www.nasdaq.com/articles/gabelli-equity-trusts-5.00-series-h-cumulative-preferred-stock-about-to-put-more-money-in
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On 12/15/23, Gabelli Equity Trust's 5.00% Series H Cumulative Preferred Stock (Symbol: GAB.PRH) will trade ex-dividend, for its quarterly dividend of $0.3125, payable on 12/26/23. As a percentage of GAB.PRH's recent share price of $21.28, this dividend works out to approximately 1.47%, so look for shares of GAB.PRH to trade 1.47% lower — all else being equal — when GAB.PRH shares open for trading on 12/15/23. On an annualized basis, the current yield is approximately 5.87%. The chart below shows the one year performance of GAB.PRH shares, versus GAB:
Below is a dividend history chart for GAB.PRH, showing historical dividends prior to the most recent $0.3125 on Gabelli Equity Trust's 5.00% Series H Cumulative Preferred Stock :
In Wednesday trading, Gabelli Equity Trust's 5.00% Series H Cumulative Preferred Stock (Symbol: GAB.PRH) is currently trading flat on the day, while the common shares (Symbol: GAB) are trading flat.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
Also see:
INDA YTD Return
ALNA market cap history
ETFs Holding BSM
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On 12/15/23, Gabelli Equity Trust's 5.00% Series H Cumulative Preferred Stock (Symbol: GAB.PRH) will trade ex-dividend, for its quarterly dividend of $0.3125, payable on 12/26/23. The chart below shows the one year performance of GAB.PRH shares, versus GAB: Below is a dividend history chart for GAB.PRH, showing historical dividends prior to the most recent $0.3125 on Gabelli Equity Trust's 5.00% Series H Cumulative Preferred Stock : In Wednesday trading, Gabelli Equity Trust's 5.00% Series H Cumulative Preferred Stock (Symbol: GAB.PRH) is currently trading flat on the day, while the common shares (Symbol: GAB) are trading flat. dividend stocks should be on your radar screen » Also see: INDA YTD Return ALNA market cap history ETFs Holding BSM The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On 12/15/23, Gabelli Equity Trust's 5.00% Series H Cumulative Preferred Stock (Symbol: GAB.PRH) will trade ex-dividend, for its quarterly dividend of $0.3125, payable on 12/26/23. As a percentage of GAB.PRH's recent share price of $21.28, this dividend works out to approximately 1.47%, so look for shares of GAB.PRH to trade 1.47% lower — all else being equal — when GAB.PRH shares open for trading on 12/15/23. The chart below shows the one year performance of GAB.PRH shares, versus GAB: Below is a dividend history chart for GAB.PRH, showing historical dividends prior to the most recent $0.3125 on Gabelli Equity Trust's 5.00% Series H Cumulative Preferred Stock : In Wednesday trading, Gabelli Equity Trust's 5.00% Series H Cumulative Preferred Stock (Symbol: GAB.PRH) is currently trading flat on the day, while the common shares (Symbol: GAB) are trading flat.
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As a percentage of GAB.PRH's recent share price of $21.28, this dividend works out to approximately 1.47%, so look for shares of GAB.PRH to trade 1.47% lower — all else being equal — when GAB.PRH shares open for trading on 12/15/23. The chart below shows the one year performance of GAB.PRH shares, versus GAB: Below is a dividend history chart for GAB.PRH, showing historical dividends prior to the most recent $0.3125 on Gabelli Equity Trust's 5.00% Series H Cumulative Preferred Stock : In Wednesday trading, Gabelli Equity Trust's 5.00% Series H Cumulative Preferred Stock (Symbol: GAB.PRH) is currently trading flat on the day, while the common shares (Symbol: GAB) are trading flat. Click here to learn which 25 S.A.F.E.
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On an annualized basis, the current yield is approximately 5.87%. The chart below shows the one year performance of GAB.PRH shares, versus GAB: Below is a dividend history chart for GAB.PRH, showing historical dividends prior to the most recent $0.3125 on Gabelli Equity Trust's 5.00% Series H Cumulative Preferred Stock : In Wednesday trading, Gabelli Equity Trust's 5.00% Series H Cumulative Preferred Stock (Symbol: GAB.PRH) is currently trading flat on the day, while the common shares (Symbol: GAB) are trading flat. Click here to learn which 25 S.A.F.E.
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fbfff916-f3c7-4e16-a99d-c0d56cbb4280
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713383.0
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2023-12-11 00:00:00 UTC
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GAMCO Global Gold, Natural Resources & Income Trust's 5.00% Series B Cumulative Preferred Shares About To Put More Money In Your Pocket
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DCOMP
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https://www.nasdaq.com/articles/gamco-global-gold-natural-resources-income-trusts-5.00-series-b-cumulative-preferred-0
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nan
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On 12/15/23, GAMCO Global Gold, Natural Resources & Income Trust's 5.00% Series B Cumulative Preferred Shares (Symbol: GGN.PRB) will trade ex-dividend, for its quarterly dividend of $0.3125, payable on 12/26/23. As a percentage of GGN.PRB's recent share price of $21.67, this dividend works out to approximately 1.44%, so look for shares of GGN.PRB to trade 1.44% lower — all else being equal — when GGN.PRB shares open for trading on 12/15/23. On an annualized basis, the current yield is approximately 5.77%, which compares to an average yield of 5.87% in the "ETFs & CEFs" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of GGN.PRB shares, versus GGN:
Below is a dividend history chart for GGN.PRB, showing historical dividends prior to the most recent $0.3125 on GAMCO Global Gold, Natural Resources & Income Trust's 5.00% Series B Cumulative Preferred Shares:
Free Report: Top 8%+ Dividends (paid monthly)
In Wednesday trading, GAMCO Global Gold, Natural Resources & Income Trust's 5.00% Series B Cumulative Preferred Shares (Symbol: GGN.PRB) is currently up about 0.4% on the day, while the common shares (Symbol: GGN) are up about 0.8%.
Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »
Also see:
PFSW YTD Return
SNBR YTD Return
VMGA market cap history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On 12/15/23, GAMCO Global Gold, Natural Resources & Income Trust's 5.00% Series B Cumulative Preferred Shares (Symbol: GGN.PRB) will trade ex-dividend, for its quarterly dividend of $0.3125, payable on 12/26/23. The chart below shows the one year performance of GGN.PRB shares, versus GGN: Below is a dividend history chart for GGN.PRB, showing historical dividends prior to the most recent $0.3125 on GAMCO Global Gold, Natural Resources & Income Trust's 5.00% Series B Cumulative Preferred Shares: Free Report: Top 8%+ Dividends (paid monthly) In Wednesday trading, GAMCO Global Gold, Natural Resources & Income Trust's 5.00% Series B Cumulative Preferred Shares (Symbol: GGN.PRB) is currently up about 0.4% on the day, while the common shares (Symbol: GGN) are up about 0.8%. dividend stocks also have preferred shares that should be on your radar screen » Also see: PFSW YTD Return SNBR YTD Return VMGA market cap history The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On 12/15/23, GAMCO Global Gold, Natural Resources & Income Trust's 5.00% Series B Cumulative Preferred Shares (Symbol: GGN.PRB) will trade ex-dividend, for its quarterly dividend of $0.3125, payable on 12/26/23. The chart below shows the one year performance of GGN.PRB shares, versus GGN: Below is a dividend history chart for GGN.PRB, showing historical dividends prior to the most recent $0.3125 on GAMCO Global Gold, Natural Resources & Income Trust's 5.00% Series B Cumulative Preferred Shares: Free Report: Top 8%+ Dividends (paid monthly) In Wednesday trading, GAMCO Global Gold, Natural Resources & Income Trust's 5.00% Series B Cumulative Preferred Shares (Symbol: GGN.PRB) is currently up about 0.4% on the day, while the common shares (Symbol: GGN) are up about 0.8%. dividend stocks also have preferred shares that should be on your radar screen » Also see: PFSW YTD Return SNBR YTD Return VMGA market cap history The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On 12/15/23, GAMCO Global Gold, Natural Resources & Income Trust's 5.00% Series B Cumulative Preferred Shares (Symbol: GGN.PRB) will trade ex-dividend, for its quarterly dividend of $0.3125, payable on 12/26/23. The chart below shows the one year performance of GGN.PRB shares, versus GGN: Below is a dividend history chart for GGN.PRB, showing historical dividends prior to the most recent $0.3125 on GAMCO Global Gold, Natural Resources & Income Trust's 5.00% Series B Cumulative Preferred Shares: Free Report: Top 8%+ Dividends (paid monthly) In Wednesday trading, GAMCO Global Gold, Natural Resources & Income Trust's 5.00% Series B Cumulative Preferred Shares (Symbol: GGN.PRB) is currently up about 0.4% on the day, while the common shares (Symbol: GGN) are up about 0.8%. Click here to learn which S.A.F.E.
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On 12/15/23, GAMCO Global Gold, Natural Resources & Income Trust's 5.00% Series B Cumulative Preferred Shares (Symbol: GGN.PRB) will trade ex-dividend, for its quarterly dividend of $0.3125, payable on 12/26/23. As a percentage of GGN.PRB's recent share price of $21.67, this dividend works out to approximately 1.44%, so look for shares of GGN.PRB to trade 1.44% lower — all else being equal — when GGN.PRB shares open for trading on 12/15/23. On an annualized basis, the current yield is approximately 5.77%, which compares to an average yield of 5.87% in the "ETFs & CEFs" preferred stock category, according to Preferred Stock Channel.
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9a92cebc-f06a-4bf7-94db-407503fce57a
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713384.0
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2023-12-11 00:00:00 UTC
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Here's Why You Should Retain Exact Sciences (EXAS) Stock Now
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https://www.nasdaq.com/articles/heres-why-you-should-retain-exact-sciences-exas-stock-now-3
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Exact Sciences Corporation EXAS is likely to register growth in the coming quarters, led by the broad-based momentum in Cologuard adoption. The company is progressing well with its strategic prioritization, which is likely to drive the company’s future growth. The raised 2023 guidance is an indication of consistent growth.
Heavy dependence on the Cologuard test and operating in a highly-competitive space are a concern for the company.
In the past year, this Zacks Rank #3 (Hold) stock has surged 43.9% against a 23.7% decline of the industry and a 16.2% rise of the S&P 500 composite.
The renowned global medical device company has a market capitalization of $11.65 billion. The company has an expected earnings growth rate of 41.1% for the next year compared with the industry’s 11.6%. Its earnings surpassed estimates in each of the trailing four quarters, delivering an average surprise of 25.12%.
Let’s delve deeper.
Key Drivers
Strong Cologuard Adoption: The company is focusing on three areas to enhance Cologuard growth. Building the best and most effective commercial organization in healthcare by investing in the leadership team, training and sales force effectiveness is the first strategy. Secondly, improving the customer experience by making it simpler to order Cologuard electronically and continue rescreening patients every three years; and third, screening more people starting at age 45 to catch cancer earlier. In terms of the latest development, more than 9,000 new healthcare professionals ordered Cologuard during the second quarter and more than 321,000 have ordered since launch. About 75% of all US primary care physicians have ordered Cologuard.
Advancing New Solutions: With regard to the third priority of advancing new solutions, Exact Sciences is planning several key milestones to bring six innovative cancer diagnostics from its pipeline to patients in need.
In August 2023, Exact Sciences presented new data confirming Exact Sciences' approach to multi-cancer early detection (MCED), real-world outcomes using the Oncotype DX Breast Recurrence Score and modeling comparisons between Cologuard and potential blood-based screening tests for colorectal cancer.
Image Source: Zacks Investment Research
In June 2023, Exact Sciences entered into a separate collaboration with two renowned healthcare organizations at the forefront of cancer research. The agreements aim to improve patient care by increasing access to genomic information.
Raised 2023 Guidance: The company raised its 2023 revenue guidance to $2.476-$2.486 billion (from the earlier range of $2.441-$2.466 billion). The Zacks Consensus Estimate for the same is pegged at $2.26 billion.
For 2023, the company expects its Screening revenues to be in the range of $1.820-$1.835 billion. The company expects Precision Oncology revenues in the range of $615-$625 million.
Downsides
Reliance on Cologuard Test: Exact Sciences’ financial results continue to be highly vulnerable to the performance of its leading Cologuard test. Per management, its ability to generate revenues will depend very substantially on the commercial success of its Cologuard and Oncotype DX breast cancer tests for at least the next 12 months. In case the company is unable to continue to boost sales of Cologuard and Oncotype DX breast cancer tests or if it is delayed or limited in doing so, EXAS’ business prospects, financial condition and results of operations will be affected.
A Tough Competitive Landscape: Given the large market for colorectal cancer screening, Exact Science faces numerous competitors, some of which possess significantly greater financial and other resources and development capabilities than the company.
Estimate Trend
In the past 30 days, the Zacks Consensus Estimate for Exact Sciences’ loss for 2023 has dropped from $1.90 per share to $1.48.
The Zacks Consensus Estimate for 2023 revenues is pegged at $2.48 billion, suggesting a 19.1% rise from the 2022 reported number.
Key Picks
Some better-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 presently 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. The company's shares 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%.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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
Exact Sciences Corporation (EXAS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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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Secondly, improving the customer experience by making it simpler to order Cologuard electronically and continue rescreening patients every three years; and third, screening more people starting at age 45 to catch cancer earlier. In case the company is unable to continue to boost sales of Cologuard and Oncotype DX breast cancer tests or if it is delayed or limited in doing so, EXAS’ business prospects, financial condition and results of operations will be affected. A Tough Competitive Landscape: Given the large market for colorectal cancer screening, Exact Science faces numerous competitors, some of which possess significantly greater financial and other resources and development capabilities than the company.
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Downsides Reliance on Cologuard Test: Exact Sciences’ financial results continue to be highly vulnerable to the performance of its leading Cologuard test. While Haemonetics and DexCom each carry a Zacks Rank #2 (Buy), Insulet presently 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 Exact Sciences Corporation (EXAS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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In August 2023, Exact Sciences presented new data confirming Exact Sciences' approach to multi-cancer early detection (MCED), real-world outcomes using the Oncotype DX Breast Recurrence Score and modeling comparisons between Cologuard and potential blood-based screening tests for colorectal cancer. Estimate Trend In the past 30 days, the Zacks Consensus Estimate for Exact Sciences’ loss for 2023 has dropped from $1.90 per share to $1.48. 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 Exact Sciences Corporation (EXAS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The company has an expected earnings growth rate of 41.1% for the next year compared with the industry’s 11.6%. Raised 2023 Guidance: The company raised its 2023 revenue guidance to $2.476-$2.486 billion (from the earlier range of $2.441-$2.466 billion). Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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713385.0
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2023-12-11 00:00:00 UTC
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Here's Why You Should Give The Children's Place (PLCE) Stock a Miss
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https://www.nasdaq.com/articles/heres-why-you-should-give-the-childrens-place-plce-stock-a-miss
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The Children’s Place, Inc. PLCE has been bearing the brunt of challenging macroeconomic trends, including persistent inflation, a highly promotional retail environment and escalating operating costs and expenses.
Image Source: Zacks Investment Research
The currently Zacks Rank #4 (Sell) player has a market capitalization of $277.1 million. PLCE's shares have lost 39% year to date against the industry's growth of 14.7%.
Let’s discuss the factors that might continue to affect the firm’s performance in the near term.
Soft Operational Performance: The Children’s Place has been grappling with the adverse impacts of a tough macroeconomic backdrop of late. It witnessed a significant downturn in its third-quarter fiscal 2023 net sales, as the metric declined 5.7% on a year-over-year basis.
Comparable retail sales declined 7.3% in the quarter due to soft consumer demand stemming from a high inflationary environment, geo-political concerns affecting consumer confidence and the impacts of permanent store closures. It posted an adjusted earnings per share of $3.22, down from $3.33 in the year-ago quarter.
Tepid Fiscal 2023 Outlook: The persistence of a high inflationary environment is anticipated to continue affecting consumer demand in fiscal 2023. For the fiscal year, management projected net sales in the range of $1.605-$1.610 billion, indicating a decline from $1.71 billion reported in fiscal 2022. Also, the adjusted loss is currently envisioned in the range of 39-59 cents per share against the earlier adjusted earnings projection of $1.00-$1.25 per share.
Rising Costs & Expenses: The company continues to battle increased operating costs and expenses. In the first nine months of fiscal 2023, its selling, general and administrative expenses remained stable year over year. However, the metric, as a percentage of net sales, increased 230 basis points to 28.7%. The firm witnessed a deleverage in fixed costs and planned higher marketing expenditures in the quarter. In third-quarter fiscal 2023, its adjusted gross profit margin declined 110 bps to 33.7%.
Stiff Competition: PLCE is exposed to stiff competition and an aggressive promotional environment. The company competes on the basis of brand recognition, fashion, price, service, store location and quality. It also competes with regional retail chains, catalog companies and e-commerce players. Such industry-wide headwinds might adversely impact its performance.
However, it expects a supply-chain improvement and inventory optimization efforts to benefit operating results. PLCE’s deliberate actions, including fleet optimization, cost reduction and inventory management are likely to support its performance.
3 Promising Stocks
Below we have highlighted three better-ranked stocks, namely Abercrombie & Fitch ANF, American Eagle Outfitters AEO and Gap GPS.
Abercrombie & Fitch, a leading casual apparel retailer, currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Abercrombie & Fitch’s current financial year sales implies growth of 13.3% year over year. ANF delivered an earnings surprise of 713% in the last reported quarter.
American Eagle Outfitters, a retailer of casual apparel, accessories and footwear, currently has a Zacks Rank #2 (Buy). AEO delivered a trailing four-quarter average earnings surprise of 23%. The Zacks Consensus Estimate for American Eagle Outfitters’ current financial year sales and EPS implies growth of 4% and 39.2%, respectively, from that reported a year ago.
Gap, a fashion retailer of apparel and accessories, currently sports a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 137.9%, on average. The Zacks Consensus Estimate for Gap’s current financial year EPS indicates growth of 387.5% year over year.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report
American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report
The Gap, Inc. (GPS) : Free Stock Analysis Report
The Children's Place, Inc. (PLCE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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 Children’s Place, Inc. PLCE has been bearing the brunt of challenging macroeconomic trends, including persistent inflation, a highly promotional retail environment and escalating operating costs and expenses. Soft Operational Performance: The Children’s Place has been grappling with the adverse impacts of a tough macroeconomic backdrop of late. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
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The Zacks Consensus Estimate for Abercrombie & Fitch’s current financial year sales implies growth of 13.3% year over year. The Zacks Consensus Estimate for American Eagle Outfitters’ current financial year sales and EPS implies growth of 4% and 39.2%, respectively, from that reported a year ago. Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report The Gap, Inc. (GPS) : Free Stock Analysis Report The Children's Place, Inc. (PLCE) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Consensus Estimate for Abercrombie & Fitch’s current financial year sales implies growth of 13.3% year over year. The Zacks Consensus Estimate for American Eagle Outfitters’ current financial year sales and EPS implies growth of 4% and 39.2%, respectively, from that reported a year ago. Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report The Gap, Inc. (GPS) : Free Stock Analysis Report The Children's Place, Inc. (PLCE) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Children’s Place, Inc. PLCE has been bearing the brunt of challenging macroeconomic trends, including persistent inflation, a highly promotional retail environment and escalating operating costs and expenses. For the fiscal year, management projected net sales in the range of $1.605-$1.610 billion, indicating a decline from $1.71 billion reported in fiscal 2022. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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49e2c2a8-467f-439e-bd4f-b361e336c1b2
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713386.0
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2023-12-11 00:00:00 UTC
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3 Business Information Stocks to Watch Amid Industry Woes
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https://www.nasdaq.com/articles/3-business-information-stocks-to-watch-amid-industry-woes-1
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The increased adoption and success of the work-from-home trend are enabling the Zacks Business – Information Services industry to address the rising demand for services that ensure risk mitigation, cost reduction and productivity improvement. The heightening technology adoption is benefiting companies like S&P Global Inc. SPGI, Verisk Analytics, Inc. VRSK, and Dun & Bradstreet Holdings, Inc. DNB, supporting them to offer digitally-transformed, personalized and value-added services.
About the Industry
The Zacks Business – Information Services industry comprises companies that offer a range of services, including software, data, risks, research, information and analytics solutions. These companies operate in a dynamic business environment characterized by evolving customer behavior, preferences and demographics. The key focus within the industry is currently on channeling money and efforts toward more effective operational components, such as technology, digital transformation and data-driven decision-making, to identify demand sources and target end markets. Prominent players include ratings, benchmarks, analytics, data provider S&P Global and the provider of data analytics solutions, Verisk Analytics.
3 Trends Shaping the Future of the Information Industry
Healthy Demand Environment: The industry is mature and has witnessed a progressively growing business environment in the past few years. Revenues, income and free cash flows are likely to see healthy growth during the post-pandemic economic improvement.
Demand for Customer-Centric Solutions: The pandemic has stoked a many-fold increase in demand for specific solutions that ensure risk mitigation, cost reduction and productivity improvement. These, in turn, have opened up more business opportunities for industry players. These companies are now modifying their business strategies to offer more customer-centric solutions.
Increased Adoption of Technologies: Digital transformation, automation in assembling and the use of big data in enhancing business information will fuel the industry’s growth in the days to come. Companies are shifting from conventional data solutions to technical and domain-specific expertise, data analytics solutions, financial consultancy and operational consultancy services.
Zacks Industry Rank Indicates Dull Near-Term Prospects
The Business – Information Services industry is housed within the broader Zacks Business Services sector. It carries a Zacks Industry Rank #233, which places it in the bottom 7% of more than 250 Zacks industries.
The group’s Industry Rank, which is the average of the Zacks Rank of all the member stocks, indicates underperformance in the near term. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than two to one.
Before we present a few stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock-market performance and current valuation.
Industry's Price Performance
Over the past year, the Zacks Business – Information Services industry has outperformed the Zacks Business Services sector but underperformed the S&P 500 composite.
The industry has risen 14.1% compared with the S&P 500 composite and the broader sector’s growth of 16.2% and 12%, respectively, in the said time frame.
One-Year Price Performance
Industry's Current Valuation
On the basis of the forward 12-month price-to-earnings (P/E), which is commonly used for valuing business information services stocks, the industry is currently trading at 27.78X compared with the S&P 500’s 19.36X and the sector’s 24.6X.
Over the past five years, the industry has traded as high as 27.53X and as low as 21.13X, with a median of 25.69X, as the charts below show.
Price to Forward 12 Months P/E Ratio
3 Business Information Service Stocks in Focus
We have presented three stocks that are well-positioned to grow in the near term.
Verisk Analytics: This provider of data analytics solutions to the insurance markets has a robust growth strategy that focuses on organic growth, product development and acquisitions. Verisk continues to invest in people, data sets, analytic solutions, technology and complementary businesses to keep itself updated with changing requirements in the markets it serves. The company is maintaining its focus on increasing solution penetration with customers, developing new proprietary databases and predictive analytics, and expanding into new customer sectors. We expect the company’s organic revenues to increase more than 9% in 2023.
The recent acquisition of Morning Data has improved and expanded Verisk’s solutions for straight-through processing and distribution to the underserved, coverholders, SME brokers, MGAs, captives and insurers.
Verisk currently carries a Zacks Rank #3 (Hold). The Zacks Consensus Estimate for 2023 EPS has remained unchanged at $5.72 in the past 60 days. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Price and Consensus: VRSK
S&P Global: The company provides ratings, benchmarks, analytics and data to the capital and commodity markets. Currently, successful operations from remote locations, along with productivity programs, have been benefiting its top line.
The recent acquisition of Market Scan Information Systems has strengthened the company’s mobility offering. Another acquisition, ChartIQ, has strengthened S&P Global Market Intelligence. We expect the company’s revenues to grow 11.3% in 2023.
S&P Global also carries a Zacks Rank #3. The Zacks Consensus Estimate for 2023 EPS has increased 0.6% to $12.57 in the past 60 days.
Price and Consensus: SPGI
Dun & Bradstreet: This business decisioning, data and analytics provider also carries a Zacks Rank #3. The company is currently benefiting from an increasing number of clients and partners. Its business remains in good shape across North America and Internationally. DNB’s revenues increased 5.8% year over year in the third quarter of 2023.
The Zacks Consensus Estimate for 2023 EPS has remained unchanged at 98 cents in the past 60 days.
Price and Consensus: DNB
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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
Dun & Bradstreet Holdings, Inc. (DNB) : Free Stock Analysis Report
Verisk Analytics, Inc. (VRSK) : Free Stock Analysis Report
S&P Global Inc. (SPGI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The heightening technology adoption is benefiting companies like S&P Global Inc. SPGI, Verisk Analytics, Inc. VRSK, and Dun & Bradstreet Holdings, Inc. DNB, supporting them to offer digitally-transformed, personalized and value-added services. The key focus within the industry is currently on channeling money and efforts toward more effective operational components, such as technology, digital transformation and data-driven decision-making, to identify demand sources and target end markets. The recent acquisition of Morning Data has improved and expanded Verisk’s solutions for straight-through processing and distribution to the underserved, coverholders, SME brokers, MGAs, captives and insurers.
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About the Industry The Zacks Business – Information Services industry comprises companies that offer a range of services, including software, data, risks, research, information and analytics solutions. Industry's Price Performance Over the past year, the Zacks Business – Information Services industry has outperformed the Zacks Business Services sector but underperformed the S&P 500 composite. Click to get this free report Dun & Bradstreet Holdings, Inc. (DNB) : Free Stock Analysis Report Verisk Analytics, Inc. (VRSK) : Free Stock Analysis Report S&P Global Inc. (SPGI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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About the Industry The Zacks Business – Information Services industry comprises companies that offer a range of services, including software, data, risks, research, information and analytics solutions. Zacks Industry Rank Indicates Dull Near-Term Prospects The Business – Information Services industry is housed within the broader Zacks Business Services sector. Industry's Price Performance Over the past year, the Zacks Business – Information Services industry has outperformed the Zacks Business Services sector but underperformed the S&P 500 composite.
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About the Industry The Zacks Business – Information Services industry comprises companies that offer a range of services, including software, data, risks, research, information and analytics solutions. Industry's Price Performance Over the past year, the Zacks Business – Information Services industry has outperformed the Zacks Business Services sector but underperformed the S&P 500 composite. Verisk Analytics: This provider of data analytics solutions to the insurance markets has a robust growth strategy that focuses on organic growth, product development and acquisitions.
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2023-12-11 00:00:00 UTC
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Wednesday's ETF with Unusual Volume: IEO
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https://www.nasdaq.com/articles/wednesdays-etf-with-unusual-volume%3A-ieo
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The iShares U.S. Oil & Gas Exploration & Production ETF is seeing unusually high volume in afternoon trading Wednesday, with over 1.1 million shares traded versus three month average volume of about 159,000. Shares of IEO were up about 0.3% on the day.
Components of that ETF with the highest volume on Wednesday were Tellurian, trading down about 2% with over 31.5 million shares changing hands so far this session, and Southwestern Energy, down about 0.6% on volume of over 10.7 million shares. Clean Energy Fuels is the component faring the best Wednesday, up by about 5.2% on the day.
VIDEO: Wednesday's ETF with Unusual Volume: IEO
The views and 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 iShares U.S. Oil & Gas Exploration & Production ETF is seeing unusually high volume in afternoon trading Wednesday, with over 1.1 million shares traded versus three month average volume of about 159,000. Components of that ETF with the highest volume on Wednesday were Tellurian, trading down about 2% with over 31.5 million shares changing hands so far this session, and Southwestern Energy, down about 0.6% on volume of over 10.7 million shares. Clean Energy Fuels is the component faring the best Wednesday, up by about 5.2% on the day.
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The iShares U.S. Oil & Gas Exploration & Production ETF is seeing unusually high volume in afternoon trading Wednesday, with over 1.1 million shares traded versus three month average volume of about 159,000. Components of that ETF with the highest volume on Wednesday were Tellurian, trading down about 2% with over 31.5 million shares changing hands so far this session, and Southwestern Energy, down about 0.6% on volume of over 10.7 million shares. VIDEO: Wednesday's ETF with Unusual Volume: IEO The views and 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 iShares U.S. Oil & Gas Exploration & Production ETF is seeing unusually high volume in afternoon trading Wednesday, with over 1.1 million shares traded versus three month average volume of about 159,000. Components of that ETF with the highest volume on Wednesday were Tellurian, trading down about 2% with over 31.5 million shares changing hands so far this session, and Southwestern Energy, down about 0.6% on volume of over 10.7 million shares. VIDEO: Wednesday's ETF with Unusual Volume: IEO The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Components of that ETF with the highest volume on Wednesday were Tellurian, trading down about 2% with over 31.5 million shares changing hands so far this session, and Southwestern Energy, down about 0.6% on volume of over 10.7 million shares. Clean Energy Fuels is the component faring the best Wednesday, up by about 5.2% on the day. VIDEO: Wednesday's ETF with Unusual Volume: IEO The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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713388.0
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2023-12-11 00:00:00 UTC
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3 Stocking Stuffer Stocks to Buy for Your Loved Ones This Holiday
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https://www.nasdaq.com/articles/3-stocking-stuffer-stocks-to-buy-for-your-loved-ones-this-holiday
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
As the holiday season approaches, investors seeking gift-worthy stocks.
Many turn to the portfolio of renowned investor Warren Buffett, CEO of Berkshire Hathaway (NYSE:BRK-B). After all, the focus is on gifts that keep on giving. Therefore, investments can appreciate and generate dividends over time, providing long-term returns and retirement options.
Buffett serves as a role model for long-term investors, offering insights into smart money moves in the market. His successful tech exposure and picks in sectors within his expertise make them noteworthy additions to the watchlist. So, his top picks are essentially guarantee buys. Investors would do well to keep a close watch on his market decisions, strategies, and moves.
Let’s explore these three stocks for a thoughtful and lasting holiday stocking stuffer.
Restaurant Brands (QSR)
Source: Savvapanf Photo / Shutterstock.com
In the midst of the pandemic and high inflation, consumers sought affordable fast food options over dining out. As sentiment improves, Restaurant Brands (NYSE:QSR) stands to benefit.
Priced at $69, QSR stock is undervalued with significant growth potential. And, it’s up 7% year to date (YTD) but below its 2019 peak of $78. Further, JP Morgan Chase raised the price target to $74, indicating a buy rating.
On Thursday, Restaurant Brands achieved a significant technical milestone as its Relative Strength (RS) Rating improved to 82, up from 79 the previous day. The RS Rating, ranging from 1 to 99, assesses a stock’s price performance over the past 52 weeks compared to other stocks. Thus, it provides valuable insights for investors seeking strong performers.
Apple (AAPL)
Source: Moab Republic / Shutterstock
After an autumn decline, Apple (NASDAQ:AAPL) reclaimed its status.
As the world’s most valuable publicly-traded company, it surpassed a $3 trillion market capitalization on December 5. Up 55% in 2023, Apple’s stock reached this milestone for the first time since August. This resurgence reflects investor confidence in Apple’s stability, strong cash flow, and robust shareholder returns. Hence, it’s positioned as a safe haven asset amid economic uncertainties.
Additionally, holiday sales provided an immediate boost to Apple’s profits. But its sustained success in Asian markets is a key driver of long-term stability. Despite a minor dip in 2023, Apple consistently expanded its market share in Asia. By holding only 16% of the total addressable market, this suggests significant growth potential.
Despite the high stock price, analysts express optimism, with 74% recommending a buy. With a consensus fair value around $200 per share, Apple still has room to extend its growth trajectory.
Berkshire Hathaway (BRK-B)
Source: sdx15 / Shutterstock.com
Warren Buffett’s conglomerate, Berkshire Hathaway, reported a resilient Q3. With a 40% year-over-year (YOY) surge in operating profit, it topped $10.8 billion.
Established in 1889, the company operates over 90 subsidiaries in diverse sectors. Notable entities like GEICO and General Re contributed. With a historic cash reserve of $157.2 billion representing 20% of its market cap, Berkshire Hathaway displays financial strength.
Buffett’s success stemmed from cashing in on higher short rates, securing over 5% on cash. With strategic bond yield moves, Buffett purchased short-term Treasury bills. Additionally, $1.1 billion went into share buybacks in the quarter, reaching $7 billion for the year. This solidifies BRK-B as a robust stock to retain.
Buffett’s firm strategically shed holdings, boosting cash reserves for economic resilience and future investments. Omaha-based Berkshire Hathaway faced a notable event with Vice Chairman Charlie Munger’s recent passing. Consider Berkshire as a lasting legacy beyond the Buffett-Munger era.
On the date of publication, Chris MacDonald has a LONG position in QSR, AAPL, BRK-B. 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.
More From InvestorPlace
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The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors
The post 3 Stocking Stuffer Stocks to Buy for Your Loved Ones This Holiday 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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Restaurant Brands (QSR) Source: Savvapanf Photo / Shutterstock.com In the midst of the pandemic and high inflation, consumers sought affordable fast food options over dining out. 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. 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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Many turn to the portfolio of renowned investor Warren Buffett, CEO of Berkshire Hathaway (NYSE:BRK-B). Thus, it provides valuable insights for investors seeking strong performers. Berkshire Hathaway (BRK-B) Source: sdx15 / Shutterstock.com Warren Buffett’s conglomerate, Berkshire Hathaway, reported a resilient Q3.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips As the holiday season approaches, investors seeking gift-worthy stocks. Berkshire Hathaway (BRK-B) Source: sdx15 / Shutterstock.com Warren Buffett’s conglomerate, Berkshire Hathaway, reported a resilient Q3. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 Stocking Stuffer Stocks to Buy for Your Loved Ones This Holiday appeared first on InvestorPlace.
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Priced at $69, QSR stock is undervalued with significant growth potential. The RS Rating, ranging from 1 to 99, assesses a stock’s price performance over the past 52 weeks compared to other stocks. On the date of publication, Chris MacDonald has a LONG position in QSR, AAPL, BRK-B.
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713389.0
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2023-12-11 00:00:00 UTC
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US natgas prices up 1% on higher demand, record LNG feedgas
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https://www.nasdaq.com/articles/us-natgas-prices-up-1-on-higher-demand-record-lng-feedgas
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By Scott DiSavino
Dec 13 (Reuters) - U.S. natural gas futures edged up about 1% on Wednesday from a six-month low in the prior session on raised demand forecasts for this week, and as record amounts of gas flowed to liquefied natural gas (LNG) export plants.
That price increase came despite record output and forecasts for mild weather and lower heating demand next week that should allow utilities to pull less gas from storage than usual through at least late December.
Analysts forecast there was currently around 7.8% more gas in storage than usual for this time of year. EIA/GASNGAS/POLL
Front-month gas futures NGc1 for January delivery on the New York Mercantile Exchange rose 2.4 cents, or 1.0%, to settle at $2.335 per million British thermal units (mmBtu). On Tuesday, the contract closed at its lowest since June 12.
Despite the small price increase, the front-month remained in technically oversold territory with a Relative Strength Index (RSI) below 30 for a sixth day in a row for the first time since February.
A lack of big price moves in recent weeks has cut historic or actual 30-day close-to-close futures volatility to 45.9%, the lowest since September 2021.
Historic daily volatility hit a record high of 177.7% in February 2022 and a record low of 7.3% in June 1991. Historic volatility has averaged 71.5% so far this year, versus a record high of 92.8% in 2022 and a five-year (2018-2022) average of 57.9%.
With record production and ample gas in storage, futures have been sending bearish signals for weeks that prices this winter (November-March) likely already peaked in November.
Analysts have said they expect prices to climb in coming years as demand for the fuel grows as new LNG export plants enter service in the U.S., Canada and Mexico.
But for 2024, some analysts have reduced their U.S. demand forecasts after Exxon MobilXOM.N delayed the start of first LNG production at its 2.3-billion-cubic-feet-per-day (bcfd) Golden Pass export plant under construction in Texas to the first half of 2025 from the second half of 2024.
SUPPLY AND DEMAND
Financial firm LSEG said average gas output in the Lower 48 U.S. states rose to 108.4 bcfd so far in December from a record 108.3 bcfd in November.
Meteorologists projected the weather would remain warmer than normal through at least Dec. 28.
With the weather remaining mild, LSEG forecast U.S. gas demand in the Lower 48, including exports, would slide from 125.0 bcfd this week to 122.2 bcfd next week. The forecast for this week was higher than LSEG's outlook on Tuesday, while its forecast for next week was lower.
Gas flows to the seven big U.S. LNG export plants rose to an average of 14.6 bcfd so far in December, up from a record 14.3 bcfd in November.
The U.S. is on track to become the world's biggest LNG supplier in 2023, ahead of recent leaders Australia and Qatar. Much higher global prices have fed demand for U.S. exports due in part to supply disruptions and sanctions linked to the war in Ukraine.
Gas was trading around $11 per mmBtu at the Dutch Title Transfer Facility (TTF) benchmark in Europe TRNLTTFMc1 and $15 at the Japan Korea Marker (JKM) in Asia JKMc1. NG/EU
Week ended Dec 8 Forecast
Week ended Dec 1 Actual
Year ago Dec 8
Five-year average
Dec 8
U.S. weekly natgas storage change (bcf):
-54
-117
-46
-81
U.S. total natgas in storage (bcf):
3,665
3,719
3,419
3,404
U.S. total storage versus 5-year average
7.7%
6.7%
Global Gas Benchmark Futures ($ per mmBtu)
Current Day
Prior Day
This Month Last Year
Prior Year Average 2022
Five Year Average (2017-2021)
Henry Hub NGc1
2.30
2.31
5.77
6.54
2.89
Title Transfer Facility (TTF) TRNLTTFMc1
11.22
11.02
36.68
40.50
7.49
Japan Korea Marker (JKM) JKMc1
15.62
15.75
32.34
34.11
8.95
LSEG Heating (HDD), Cooling (CDD) and Total (TDD) Degree Days
Two-Week Total Forecast
Current Day
Prior Day
Prior Year
10-Year Norm
30-Year Norm
U.S. GFS HDDs
320
317
475
387
411
U.S. GFS CDDs
1
2
3
5
4
U.S. GFS TDDs
321
319
378
392
415
LSEG U.S. Weekly GFS Supply and Demand Forecasts
Prior Week
Current Week
Next Week
This Week Last Year
Five-Year (2018-2022) Average For Month
U.S. Supply (bcfd)
U.S. Lower 48 Dry Production
108.1
108.8
109.0
102.8
94.2
U.S. Imports from Canada8
8.8
8.6
8.9
10.0
9.1
U.S. LNG Imports
0.0
0.0
0.0
0.0
0.2
Total U.S. Supply
116.9
117.5
117.9
112.8
103.5
U.S. Demand (bcfd)
U.S. Exports to Canada
3.3
3.4
3.4
3.4
3.2
U.S. Exports to Mexico
3.9
3.9
4.8
5.2
5.0
U.S. LNG Exports
14.5
14.6
14.0
12.6
8.6
U.S. Commercial
13.2
13.9
13.0
15.4
14.6
U.S. Residential
20.9
22.5
20.7
25.8
24.7
U.S. Power Plant
33.2
33.7
33.7
30.4
28.6
U.S. Industrial
24.3
24.7
24.3
24.7
25.0
U.S. Plant Fuel
5.3
5.4
5.4
5.3
5.3
U.S. Pipe Distribution
2.7
2.7
2.7
2.7
2.9
U.S. Vehicle Fuel
0.1
0.1
0.1
0.1
0.1
Total U.S. Consumption
99.8
103.1
99.9
104.4
101.2
Total U.S. Demand
121.4
125.0
122.2
125.6
118.0
U.S. Northwest River Forecast Center (NWRFC) at The Dalles Dam
Current Day % of Normal Forecast
Prior Day % of Normal Forecast
2023
% of Normal Actual
2022 % of Normal Actual
2021 % of Normal Actual
Apr-Sep
83
82
83
107
81
Jan-Jul
81
82
77
102
79
Oct-Sep
82
83
76
103
81
U.S. weekly power generation percent by fuel - EIA
Week ended Dec 15
Week ended Dec 8
Week ended Dec 1
Week ended Nov 24
Week ended Nov 17
Wind
13
12
10
11
9
Solar
3
3
3
3
3
Hydro
5
5
6
6
6
Other
2
2
2
2
2
Petroleum
Natural Gas
40
40
42
39
42
Coal
16
17
17
16
17
Nuclear
21
21
20
22
21
SNL U.S. Natural Gas Next-Day Prices ($ per mmBtu)
Hub
Current Day
Prior Day
Henry Hub NG-W-HH-SNL
2.37
2.39
Transco Z6 New York NG-CG-NY-SNL
2.10
2.07
PG&E Citygate NG-CG-PGE-SNL
4.04
4.02
Eastern Gas (old Dominion South) NG-PCN-APP-SNL
1.86
1.82
Chicago Citygate NG-CG-CH-SNL
2.16
2.13
Algonquin Citygate NG-CG-BS-SNL
4.00
3.08
SoCal Citygate NG-SCL-CGT-SNL
4.15
3.78
Waha Hub NG-WAH-WTX-SNL
2.00
1.57
AECO NG-ASH-ALB-SNL
1.22
1.17
SNL U.S. Power Next-Day Prices ($ per megawatt-hour)
Hub
Current Day
Prior Day
New England EL-PK-NPMS-SNL
38.25
34.25
PJM West EL-PK-PJMW-SNL
39.50
48.50
Ercot North EL-PK-ERTN-SNL
21.00
23.25
Mid C EL-PK-MIDC-SNL
59.08
63.00
Palo Verde EL-PK-PLVD-SNL
43.25
45.50
SP-15 EL-PK-SP15-SNL
49.00
51.75
(Reporting by Scott DiSavino; Editing by Nick Zieminski and David Gregorio)
((scott.disavino@thomsonreuters.com; +1 332 219 1922; Reuters Messaging: scott.disavino.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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That price increase came despite record output and forecasts for mild weather and lower heating demand next week that should allow utilities to pull less gas from storage than usual through at least late December. EIA/GASNGAS/POLL Front-month gas futures NGc1 for January delivery on the New York Mercantile Exchange rose 2.4 cents, or 1.0%, to settle at $2.335 per million British thermal units (mmBtu). Despite the small price increase, the front-month remained in technically oversold territory with a Relative Strength Index (RSI) below 30 for a sixth day in a row for the first time since February.
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With the weather remaining mild, LSEG forecast U.S. gas demand in the Lower 48, including exports, would slide from 125.0 bcfd this week to 122.2 bcfd next week. NG/EU Week ended Dec 8 Forecast Week ended Dec 1 Actual Year ago Dec 8 Five-year average Dec 8 U.S. weekly natgas storage change (bcf): -54 -117 -46 -81 U.S. total natgas in storage (bcf): 3,665 3,719 3,419 3,404 U.S. total storage versus 5-year average 7.7% 6.7% Global Gas Benchmark Futures ($ per mmBtu) Current Day Prior Day This Month Last Year Prior Year Average 2022 Five Year Average (2017-2021) Henry Hub NGc1 2.30 2.31 5.77 6.54 2.89 Title Transfer Facility (TTF) TRNLTTFMc1 11.22 11.02 36.68 40.50 7.49 Japan Korea Marker (JKM) JKMc1 15.62 15.75 32.34 34.11 8.95 LSEG Heating (HDD), Cooling (CDD) and Total (TDD) Degree Days Two-Week Total Forecast Current Day Prior Day Prior Year 10-Year Norm 30-Year Norm U.S. GFS HDDs 320 317 475 387 411 U.S. GFS CDDs 1 2 3 5 4 U.S. GFS TDDs 321 319 378 392 415 LSEG U.S. Weekly GFS Supply and Demand Forecasts Prior Week Current Week Next Week This Week Last Year Five-Year (2018-2022) Average For Month U.S. Supply (bcfd) U.S. Lower 48 Dry Production 108.1 108.8 109.0 102.8 94.2 U.S. Imports from Canada8 8.8 8.6 8.9 10.0 9.1 U.S. LNG Imports 0.0 0.0 0.0 0.0 0.2 Total U.S. Supply 116.9 117.5 117.9 112.8 103.5 U.S. Demand (bcfd) U.S. Exports to Canada 3.3 3.4 3.4 3.4 3.2 U.S. Exports to Mexico 3.9 3.9 4.8 5.2 5.0 U.S. LNG Exports 14.5 14.6 14.0 12.6 8.6 U.S. Commercial 13.2 13.9 13.0 15.4 14.6 U.S. Consumption 99.8 103.1 99.9 104.4 101.2 Total U.S. Demand 121.4 125.0 122.2 125.6 118.0 U.S. Northwest River Forecast Center (NWRFC) at The Dalles Dam Current Day % of Normal Forecast Prior Day % of Normal Forecast 2023 % of Normal Actual 2022 % of Normal Actual 2021 % of Normal Actual Apr-Sep 83 82 83 107 81 Jan-Jul 81 82 77 102 79 Oct-Sep 82 83 76 103 81 U.S. weekly power generation percent by fuel - EIA Week ended Dec 15 Week ended Dec 8 Week ended Dec 1 Week ended Nov 24 Week ended Nov 17 Wind 13 12 10 11 9 Solar 3 3 3 3 3 Hydro 5 5 6 6 6 Other 2 2 2 2 2 Petroleum Natural Gas 40 40 42 39 42 Coal 16 17 17 16 17 Nuclear 21 21 20 22 21 SNL U.S. Natural Gas Next-Day Prices ($ per mmBtu) Hub Current Day Prior Day Henry Hub NG-W-HH-SNL 2.37 2.39 Transco Z6 New York NG-CG-NY-SNL 2.10 2.07 PG&E Citygate NG-CG-PGE-SNL 4.04 4.02 Eastern Gas (old Dominion South) NG-PCN-APP-SNL 1.86 1.82 Chicago Citygate NG-CG-CH-SNL 2.16 2.13 Algonquin Citygate NG-CG-BS-SNL 4.00 3.08 SoCal Citygate NG-SCL-CGT-SNL 4.15 3.78 Waha Hub NG-WAH-WTX-SNL 2.00 1.57
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By Scott DiSavino Dec 13 (Reuters) - U.S. natural gas futures edged up about 1% on Wednesday from a six-month low in the prior session on raised demand forecasts for this week, and as record amounts of gas flowed to liquefied natural gas (LNG) export plants. NG/EU Week ended Dec 8 Forecast Week ended Dec 1 Actual Year ago Dec 8 Five-year average Dec 8 U.S. weekly natgas storage change (bcf): -54 -117 -46 -81 U.S. total natgas in storage (bcf): 3,665 3,719 3,419 3,404 U.S. total storage versus 5-year average 7.7% 6.7% Global Gas Benchmark Futures ($ per mmBtu) Current Day Prior Day This Month Last Year Prior Year Average 2022 Five Year Average (2017-2021) Henry Hub NGc1 2.30 2.31 5.77 6.54 2.89 Title Transfer Facility (TTF) TRNLTTFMc1 11.22 11.02 36.68 40.50 7.49 Japan Korea Marker (JKM) JKMc1 15.62 15.75 32.34 34.11 8.95 LSEG Heating (HDD), Cooling (CDD) and Total (TDD) Degree Days Two-Week Total Forecast Current Day Prior Day Prior Year 10-Year Norm 30-Year Norm U.S. GFS HDDs 320 317 475 387 411 U.S. GFS CDDs 1 2 3 5 4 U.S. GFS TDDs 321 319 378 392 415 LSEG U.S. Weekly GFS Supply and Demand Forecasts Prior Week Current Week Next Week This Week Last Year Five-Year (2018-2022) Average For Month U.S. Supply (bcfd) U.S. Lower 48 Dry Production 108.1 108.8 109.0 102.8 94.2 U.S. Imports from Canada8 8.8 8.6 8.9 10.0 9.1 U.S. LNG Imports 0.0 0.0 0.0 0.0 0.2 Total U.S. Supply 116.9 117.5 117.9 112.8 103.5 U.S. Demand (bcfd) U.S. Exports to Canada 3.3 3.4 3.4 3.4 3.2 U.S. Exports to Mexico 3.9 3.9 4.8 5.2 5.0 U.S. LNG Exports 14.5 14.6 14.0 12.6 8.6 U.S. Commercial 13.2 13.9 13.0 15.4 14.6 U.S. Consumption 99.8 103.1 99.9 104.4 101.2 Total U.S. Demand 121.4 125.0 122.2 125.6 118.0 U.S. Northwest River Forecast Center (NWRFC) at The Dalles Dam Current Day % of Normal Forecast Prior Day % of Normal Forecast 2023 % of Normal Actual 2022 % of Normal Actual 2021 % of Normal Actual Apr-Sep 83 82 83 107 81 Jan-Jul 81 82 77 102 79 Oct-Sep 82 83 76 103 81 U.S. weekly power generation percent by fuel - EIA Week ended Dec 15 Week ended Dec 8 Week ended Dec 1 Week ended Nov 24 Week ended Nov 17 Wind 13 12 10 11 9 Solar 3 3 3 3 3 Hydro 5 5 6 6 6 Other 2 2 2 2 2 Petroleum Natural Gas 40 40 42 39 42 Coal 16 17 17 16 17 Nuclear 21 21 20 22 21 SNL U.S. Natural Gas Next-Day Prices ($ per mmBtu) Hub Current Day Prior Day Henry Hub NG-W-HH-SNL 2.37 2.39 Transco Z6 New York NG-CG-NY-SNL 2.10 2.07 PG&E Citygate NG-CG-PGE-SNL 4.04 4.02 Eastern Gas (old Dominion South) NG-PCN-APP-SNL 1.86 1.82 Chicago Citygate NG-CG-CH-SNL 2.16 2.13 Algonquin Citygate NG-CG-BS-SNL 4.00 3.08 SoCal Citygate NG-SCL-CGT-SNL 4.15 3.78 Waha Hub NG-WAH-WTX-SNL 2.00 1.57
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With the weather remaining mild, LSEG forecast U.S. gas demand in the Lower 48, including exports, would slide from 125.0 bcfd this week to 122.2 bcfd next week. Gas flows to the seven big U.S. LNG export plants rose to an average of 14.6 bcfd so far in December, up from a record 14.3 bcfd in November. NG/EU Week ended Dec 8 Forecast Week ended Dec 1 Actual Year ago Dec 8 Five-year average Dec 8 U.S. weekly natgas storage change (bcf): -54 -117 -46 -81 U.S. total natgas in storage (bcf): 3,665 3,719 3,419 3,404 U.S. total storage versus 5-year average 7.7% 6.7% Global Gas Benchmark Futures ($ per mmBtu) Current Day Prior Day This Month Last Year Prior Year Average 2022 Five Year Average (2017-2021) Henry Hub NGc1 2.30 2.31 5.77 6.54 2.89 Title Transfer Facility (TTF) TRNLTTFMc1 11.22 11.02 36.68 40.50 7.49 Japan Korea Marker (JKM) JKMc1 15.62 15.75 32.34 34.11 8.95 LSEG Heating (HDD), Cooling (CDD) and Total (TDD) Degree Days Two-Week Total Forecast Current Day Prior Day Prior Year 10-Year Norm 30-Year Norm U.S. GFS HDDs 320 317 475 387 411 U.S. GFS CDDs 1 2 3 5 4 U.S. GFS TDDs 321 319 378 392 415 LSEG U.S. Weekly GFS Supply and Demand Forecasts Prior Week Current Week Next Week This Week Last Year Five-Year (2018-2022) Average For Month U.S. Supply (bcfd) U.S. Lower 48 Dry Production 108.1 108.8 109.0 102.8 94.2 U.S. Imports from Canada8 8.8 8.6 8.9 10.0 9.1 U.S. LNG Imports 0.0 0.0 0.0 0.0 0.2 Total U.S. Supply 116.9 117.5 117.9 112.8 103.5 U.S. Demand (bcfd) U.S. Exports to Canada 3.3 3.4 3.4 3.4 3.2 U.S. Exports to Mexico 3.9 3.9 4.8 5.2 5.0 U.S. LNG Exports 14.5 14.6 14.0 12.6 8.6 U.S. Commercial 13.2 13.9 13.0 15.4 14.6 U.S.
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7ae06bf5-1800-40c0-9c88-84a7e7d29b6c
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713390.0
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2023-12-11 00:00:00 UTC
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Why ABM Industries Stock Just Popped 15%
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DCOMP
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https://www.nasdaq.com/articles/why-abm-industries-stock-just-popped-15
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nan
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nan
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Shares of facility services (janitorial, maintenance, and parking) provider ABM Industries (NYSE: ABM) are off to the races on Wednesday, rising 14.8% through 12:55 p.m. ET after beating expectations for Q4 earnings this morning.
Heading into its fiscal Q4 2023, analysts had forecast ABM would earn $0.92 per share (adjusted for one-time items) on sales of just over $2 billion. In fact, ABM earned $1.01 per share, adjusted, and on sales of $2.1 billion -- and beat on guidance as well.
ABM's sales and earnings
Now, not all the news was as exciting as the fact the company beat expectations. Actual sales growth in Q4 was only a modest 4%. Q4 earnings calculated according to generally accepted accounting principles (GAAP), while up an impressive 32% year over year, were only $0.96 per share, a nickel less than adjusted earnings.
But still, a beat is a beat -- and it looks like investors will take it.
CEO Scott Salmirs credited strong profit margins for the improvement in net income, highlighting "strong operating performances in our Aviation and Technical Solutions segments" and "solid performances in our Manufacturing & Distribution ... and Education segments," while the commercial real estate business encountered more difficulties.
Is ABM stock a buy?
All that being said, Q4 brought to a close a successful year in which modest, 4% sales growth yielded a respectable 11% growth in earnings. With $3.79 per share (GAAP) earned this year, ABM stock now sells for only 13.4 times earnings.
Factor in a respectable 2% dividend yield, and I'd say that price is just about right for this growth rate -- with caveats, such as:
Caveat No. 1: ABM beat on guidance this morning, but even so, its forecast for $3.20 to $3.40 per share in adjusted income next year (management did not give GAAP guidance) implies that profits will decline in 2024 -- perhaps by as much as 9%. That's a bit disappointing.
Caveat No. 2: Adding to my worries, free cash flow at the company in 2023 was only $190 million. Compared to the company's $251 million in reported net income, that means ABM is currently generating only about $0.75 in real cash profit for every $1 it reports in net income. So at a price-to-free cash flow ratio of 17.5 -- and with a sizable amount of debt on the balance sheet -- ABM is arguably quite a bit more expensive than it looks at first glance.
Ultimately, therefore, between the prospect of an imminent earnings decline and weak free cash flow that probably foreshadows such a decline, I don't think ABM stock is a buy today.
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Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Heading into its fiscal Q4 2023, analysts had forecast ABM would earn $0.92 per share (adjusted for one-time items) on sales of just over $2 billion. CEO Scott Salmirs credited strong profit margins for the improvement in net income, highlighting "strong operating performances in our Aviation and Technical Solutions segments" and "solid performances in our Manufacturing & Distribution ... and Education segments," while the commercial real estate business encountered more difficulties. So at a price-to-free cash flow ratio of 17.5 -- and with a sizable amount of debt on the balance sheet -- ABM is arguably quite a bit more expensive than it looks at first glance.
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In fact, ABM earned $1.01 per share, adjusted, and on sales of $2.1 billion -- and beat on guidance as well. All that being said, Q4 brought to a close a successful year in which modest, 4% sales growth yielded a respectable 11% growth in earnings. Before you buy stock in Abm Industries, 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 Abm Industries wasn't one of them.
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With $3.79 per share (GAAP) earned this year, ABM stock now sells for only 13.4 times earnings. Ultimately, therefore, between the prospect of an imminent earnings decline and weak free cash flow that probably foreshadows such a decline, I don't think ABM stock is a buy today. Before you buy stock in Abm Industries, 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 Abm Industries wasn't one of them.
|
With $3.79 per share (GAAP) earned this year, ABM stock now sells for only 13.4 times earnings. 1: ABM beat on guidance this morning, but even so, its forecast for $3.20 to $3.40 per share in adjusted income next year (management did not give GAAP guidance) implies that profits will decline in 2024 -- perhaps by as much as 9%. Before you buy stock in Abm Industries, 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 Abm Industries wasn't one of them.
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8298aced-17c2-4476-86b3-c3907050eab0
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713391.0
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2023-12-11 00:00:00 UTC
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Brian's Big Idea On Bitcoin
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DCOMP
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https://www.nasdaq.com/articles/brians-big-idea-on-bitcoin-0
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nan
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nan
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This week Brian is taking a look at Bitcoin after the cryptocurrency ran from $27,000 to $45,000 in a few weeks. There was a good-sized sell-off and Brian takes a look at a few stocks that should be on your radar screen after the 10% drawdown in price.
There are a few factors that have been driving demand for Bitcoin of late. One of those factors is the upcoming “halving” of Bitcoin which will make the coin twice as hard to mine. In the past, the price of Bitcoin has moved higher substantially when there is a halving.
The other main idea is that the SEC is probably going to approve ETF’s to hold Bitcoin. This will bring in a broad new class of institutional investors and that demand will very likely end up pushing the price higher as they add exposure to the asset class.
While there are several Bitcoin miners to choose from, Brian takes a look at Marathon Digital MARA as a name to watch. The stock closely tracks the price of Bitcoin as they mine the cryptocurrency and then sell it to pay for operations.
Riot Platforms RIOT is another BTC miner that carries a Zacks Rank #2 (Buy) and is a little smaller than Marathon Digital (MARA).
One name that is primed to move higher with the ETF and halving tailwinds at its back is Coinbase COIN. Coinbase is a Zacks Rank #2 (Buy) that is an exchange that is among the first choice for retail investors. COIN is also eyeing worldwide expansion as it looks to become the dominant exchange for Bitcoin.
While Brian possesses a cursory knowledge of cryptocurrency, he defers to David Bartosiak, the Zacks Investment Research resident expert on the subject. David runs the Blockchain Innovators service which selects the best stocks in the Bitcoin and Blockchain space and he leverages the Zacks Rank in his selection process.
David was early on several names and Brian notes that he does of great job of holding winners for the long run as his portfolio includes a stock that is up nearly 1,000%.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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Marathon Digital Holdings, Inc. (MARA) : Free Stock Analysis Report
Riot Platforms, Inc. (RIOT) : Free Stock Analysis Report
Coinbase Global, Inc. (COIN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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While Brian possesses a cursory knowledge of cryptocurrency, he defers to David Bartosiak, the Zacks Investment Research resident expert on the subject. David was early on several names and Brian notes that he does of great job of holding winners for the long run as his portfolio includes a stock that is up nearly 1,000%. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
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While there are several Bitcoin miners to choose from, Brian takes a look at Marathon Digital MARA as a name to watch. Riot Platforms RIOT is another BTC miner that carries a Zacks Rank #2 (Buy) and is a little smaller than Marathon Digital (MARA). Click to get this free report Marathon Digital Holdings, Inc. (MARA) : Free Stock Analysis Report Riot Platforms, Inc. (RIOT) : Free Stock Analysis Report Coinbase Global, Inc. (COIN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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David runs the Blockchain Innovators service which selects the best stocks in the Bitcoin and Blockchain space and he leverages the Zacks Rank in his selection process. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Click to get this free report Marathon Digital Holdings, Inc. (MARA) : Free Stock Analysis Report Riot Platforms, Inc. (RIOT) : Free Stock Analysis Report Coinbase Global, Inc. (COIN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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One of those factors is the upcoming “halving” of Bitcoin which will make the coin twice as hard to mine. In the past, the price of Bitcoin has moved higher substantially when there is a halving. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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c26ac035-58cd-4146-8926-78a4b07834a1
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713392.0
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2023-12-11 00:00:00 UTC
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After-Hours Earnings Report for December 13, 2023 : ADBE, NDSN, MWA, ASYS
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DCOMP
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https://www.nasdaq.com/articles/after-hours-earnings-report-for-december-13-2023-%3A-adbe-ndsn-mwa-asys
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The following companies are expected to report earnings after hours on 12/13/2023. Visit our Earnings Calendar for a full list of expected earnings releases.
Adobe Inc. (ADBE)is reporting for the quarter ending November 30, 2023. The computer software company's consensus earnings per share forecast from the 12 analysts that follow the stock is $3.32. This value represents a 19.42% increase compared to the same quarter last year. In the past year ADBE has met analyst expectations twice and beat the expectations the other two quarters. Zacks Investment Research reports that the 2023 Price to Earnings ratio for ADBE is 49.47 vs. an industry ratio of 28.10, implying that they will have a higher earnings growth than their competitors in the same industry.
Nordson Corporation (NDSN)is reporting for the quarter ending October 31, 2023. The machinery company's consensus earnings per share forecast from the 5 analysts that follow the stock is $2.40. This value represents a 1.64% decrease compared to the same quarter last year. NDSN missed the consensus earnings per share in the 1st calendar quarter of 2023 by -1.52%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for NDSN is 26.54 vs. an industry ratio of 20.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Mueller Water Products Inc (MWA)is reporting for the quarter ending September 30, 2023. The steel pipe & tube company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.11. This value represents a 10.00% increase compared to the same quarter last year. Zacks Investment Research reports that the 2023 Price to Earnings ratio for MWA is 24.54 vs. an industry ratio of 13.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Amtech Systems, Inc. (ASYS)is reporting for the quarter ending September 30, 2023. The semiconductor company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.09. This value represents a 70.00% decrease compared to the same quarter last year. ASYS missed the consensus earnings per share in the 4th calendar quarter of 2022 by -81.82%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for ASYS is 74.75 vs. an industry ratio of 40.80, implying that they will have a higher earnings growth than their competitors in the same industry.
The views and 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 computer software company's consensus earnings per share forecast from the 12 analysts that follow the stock is $3.32. The machinery company's consensus earnings per share forecast from the 5 analysts that follow the stock is $2.40. The steel pipe & tube company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.11.
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Zacks Investment Research reports that the 2023 Price to Earnings ratio for ADBE is 49.47 vs. an industry ratio of 28.10, implying that they will have a higher earnings growth than their competitors in the same industry. Zacks Investment Research reports that the 2023 Price to Earnings ratio for NDSN is 26.54 vs. an industry ratio of 20.50, implying that they will have a higher earnings growth than their competitors in the same industry. Zacks Investment Research reports that the 2023 Price to Earnings ratio for MWA is 24.54 vs. an industry ratio of 13.90, implying that they will have a higher earnings growth than their competitors in the same industry.
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Zacks Investment Research reports that the 2023 Price to Earnings ratio for ADBE is 49.47 vs. an industry ratio of 28.10, implying that they will have a higher earnings growth than their competitors in the same industry. Zacks Investment Research reports that the 2023 Price to Earnings ratio for NDSN is 26.54 vs. an industry ratio of 20.50, implying that they will have a higher earnings growth than their competitors in the same industry. Zacks Investment Research reports that the 2023 Price to Earnings ratio for ASYS is 74.75 vs. an industry ratio of 40.80, implying that they will have a higher earnings growth than their competitors in the same industry.
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In the past year ADBE has met analyst expectations twice and beat the expectations the other two quarters. NDSN missed the consensus earnings per share in the 1st calendar quarter of 2023 by -1.52%. ASYS missed the consensus earnings per share in the 4th calendar quarter of 2022 by -81.82%.
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28501ef2-0cab-45df-a6b9-19c7e096e513
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713393.0
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2023-12-11 00:00:00 UTC
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Why Vertex Stock Is Soaring Today
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DCOMP
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https://www.nasdaq.com/articles/why-vertex-stock-is-soaring-today
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nan
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Shares of Vertex Pharmaceuticals (NASDAQ: VRTX) are up by more than 11% headed into the latter half of Wednesday's trading session, catapulted higher by the promising results achieved in a mid-stage trial of a non-opioid drug targeting peripheral neuropathic pain often suffered by diabetics. The drug, however, ultimately holds promise as a pain treatment stemming from other health problems.
Improving promise of a non-opioid painkiller
In phase 2 trials of its NaV1.8-inhibiting drug VX-548, Vertex Pharmaceuticals recorded average pain reduction on the order of 20% among diabetics exhibiting painful diabetic peripheral neuropathy. More than 30% of the trial's participants reduced their pain levels by more than half, while over one-fifth of the phase 2 trial's patients experienced a 70% reduction in pain levels.
Perhaps most notably, this mid-stage testing of VX-548 suggests it is safe to use, and results in modest side effects.
This is no meaningless success. The abuse of addictive opioid painkillers has evolved into an outright crisis here and abroad. The U.S. Department of Health and Human Services says around 10 million United States residents misuse prescription opioids in any given year, while the Centers for Disease Control reports over three-fourths of 2021 drug overdose deaths in the U.S. involved an opioid.
In addition to costing lives, the crisis is costing drugmakers as well as pharmacies billions in legal costs and punitive fines. All this means any effective alternative would be well received.
To this end, while VX-548's other trials are rather limited in scope right now, Vertex Pharmaceuticals' ultimate end goal is "changing the standard of care for neuropathic pain," the company says. It may well end up achieving that goal, given enough time.
Right stock -- but not quite the right time
The news didn't catch investors entirely off guard. Vertex shares were already near the multiyear high they reached today, driven higher as much by the company's cystic fibrosis drug portfolio as they were by the company's non-opioid painkiller pipeline.
Indeed, with as much promise as VX-548 holds, it could be several more years before non-opioid pain therapies become meaningfully mainstreamed (if they're ever going to be). Once Wednesday's euphoria wears off, don't be surprised to see this stock peel back from today's highs.
If your portfolio needs more exposure to the healthcare sector, though -- and to the pharmaceutical sector in particular -- any dip from Vertex Pharmaceuticals shares is an entry opportunity into a quality stock. The profitable company is expected to report slow-but-steady growth for the foreseeable future, with annualized earnings growth of around 9% in the cards at least through 2027.
The forward-looking price/earnings ratio of 26.0 isn't an outrageous price to pay, but with a little patience, you can probably get in at an even better price.
Should you invest $1,000 in Vertex Pharmaceuticals right now?
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James Brumley has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Vertex Pharmaceuticals. 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 Vertex Pharmaceuticals (NASDAQ: VRTX) are up by more than 11% headed into the latter half of Wednesday's trading session, catapulted higher by the promising results achieved in a mid-stage trial of a non-opioid drug targeting peripheral neuropathic pain often suffered by diabetics. The drug, however, ultimately holds promise as a pain treatment stemming from other health problems. Once Wednesday's euphoria wears off, don't be surprised to see this stock peel back from today's highs.
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Shares of Vertex Pharmaceuticals (NASDAQ: VRTX) are up by more than 11% headed into the latter half of Wednesday's trading session, catapulted higher by the promising results achieved in a mid-stage trial of a non-opioid drug targeting peripheral neuropathic pain often suffered by diabetics. Improving promise of a non-opioid painkiller In phase 2 trials of its NaV1.8-inhibiting drug VX-548, Vertex Pharmaceuticals recorded average pain reduction on the order of 20% among diabetics exhibiting painful diabetic peripheral neuropathy. Before you buy stock in Vertex Pharmaceuticals, 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 Vertex Pharmaceuticals wasn't one of them.
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Shares of Vertex Pharmaceuticals (NASDAQ: VRTX) are up by more than 11% headed into the latter half of Wednesday's trading session, catapulted higher by the promising results achieved in a mid-stage trial of a non-opioid drug targeting peripheral neuropathic pain often suffered by diabetics. Improving promise of a non-opioid painkiller In phase 2 trials of its NaV1.8-inhibiting drug VX-548, Vertex Pharmaceuticals recorded average pain reduction on the order of 20% among diabetics exhibiting painful diabetic peripheral neuropathy. Before you buy stock in Vertex Pharmaceuticals, 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 Vertex Pharmaceuticals wasn't one of them.
|
Shares of Vertex Pharmaceuticals (NASDAQ: VRTX) are up by more than 11% headed into the latter half of Wednesday's trading session, catapulted higher by the promising results achieved in a mid-stage trial of a non-opioid drug targeting peripheral neuropathic pain often suffered by diabetics. To this end, while VX-548's other trials are rather limited in scope right now, Vertex Pharmaceuticals' ultimate end goal is "changing the standard of care for neuropathic pain," the company says. Before you buy stock in Vertex Pharmaceuticals, 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 Vertex Pharmaceuticals wasn't one of them.
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c2591bad-dcd0-41c2-8262-80f86e6c523a
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713394.0
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2023-12-11 00:00:00 UTC
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The U.S. Economy Is Doing Great. So, Why Do We All Feel Broke?
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DCOMP
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https://www.nasdaq.com/articles/the-u.s.-economy-is-doing-great.-so-why-do-we-all-feel-broke
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Despite record-high aggregate wealth and a strong U.S. economy, Americans expressed a sense of financial discontent in recent surveys. Despite improvements in income, financial assets, net worth and overall financial stability, post-pandemic sentiments revealed increased dissatisfaction, as per an October Federal Reserve report.
Notably, regardless of the overall improvement in financial indicators, recent polls reflect a growing pessimism about personal finances. Recent surveys have revealed disparities among broad measures of household financial health. The Federal Reserve’s triennial survey, conducted before and during the initial stages of the pandemic, surprisingly indicates improved finances on average, contradicting these feelings.
Between 2019 and 2022, the median household income increased from $68,454 to $70,259 in inflation-adjusted 2022 dollars, demonstrating enhanced purchasing power despite rising living costs. The data reveal the positive impact of the robust pandemic-era job market, with wages outpacing inflation due to increased worker value amid COVID-induced retirements. The survey also indicates income growth for all earners, with high-income individuals benefiting the most.
So, why do Americans feel they’re always losing money? Are they actually broke?
The Numbers
Despite favorable financial indicators, polls reveal a contrasting sentiment, with 50% of surveyed U.S. adults in January 2023 feeling financially worse off than a year ago, reflecting a shift from January 2019 when 50% felt better off. This disparity emphasizes the disconnect between objective financial improvements and individuals’ perceptions.
Household net worth soared by $51,755 to $192,900, surpassing previous highs. The median average indicates this, with half of households having less and half more than this figure.
The mean average, heavily influenced by the ultra-wealthy, surpassed $1 million in 2022 for the first time, rising 23% from 2019. The median average provides a more representative snapshot of a typical household’s net worth.
The surge in net worth was fueled by a remarkable rise in home prices during the pandemic. Low mortgage rates and the rise of remote work led to intense demand and record-high home prices, increasing median household wealth by nearly $63,000.
Financial vulnerability indicators, such as debt-to-income and payment-to-income ratios, reached record lows, with fewer bankruptcies, late payments and payday loans reported than in any year since 2010.
Despite these positive financial indicators, retail sales consistently surpassed forecasts, suggesting ample disposable income for spending.
The 2022 Survey of Consumer Finances (SCF), conducted by the National Opinion Research Center, is recognized as the “gold standard” for assessing wealth distribution and household financial health. Despite positive hard data, multiple polls indicate that people consistently feel worse about their financial situation post-pandemic.
In a November 2022 ABC News/Washington Post poll, 43% felt worse off, contrasting with 18% feeling better. In 2018, 36% felt better and 14% felt worse.
The Impact of Inflation
Of course, even though some people think inflation is not a major factor in why Americans feel they don’t have money, it’s actually the biggest factor.
Americans face increasing financial stress due to inflation, economic instability and limited savings. A CNBC Your Money Financial Confidence Survey, in collaboration with Momentive, found that 70% are stressed about personal finances, with 52% experiencing heightened stress since the pandemic’s onset in March 2020. Challenges include budgeting reluctance, uncertainty about high-return investments, and late-stage retirement saving concerns.
Concerns mounted among individuals that their savings might not endure, leading to fears of increased reliance on credit cards and other debt sources for sustenance, explained Bruce McClary, senior vice president at the National Foundation for Credit Counseling.
Here are other reasons connected to higher prices and rates that have caused many Americans to live paycheck to paycheck.
Increased expenses
Basic household expenses, encompassing rent, groceries and utilities, increased over the past year, eroding consumers’ purchasing power. A survey of 4,336 adults in March revealed that almost 60% attributed their financial stress to inflation, followed by economic instability (43%), rising interest rates (36%) and insufficient savings (35%).
Weak bank confidence
Silicon Valley Bank and Signature Bank’s (OTCMKTS:SBNY) recent struggles, along with broader concerns about the U.S. financial system, increase uncertainty. Only 10% of adults express strong confidence in America’s banking system, with about a third significantly more concerned due to the recent banking crisis.
High cost of debt
A CNBC survey indicates that 58% of Americans lived paycheck to paycheck, resorting to credit cards for financial gaps. Nearly half attributed their financial stress to credit card debt. Government data reveals rising credit card balances and increased delinquency rates, with household debt jumping by $38 billion in February year-over-year.
Crumbling financial security
Rising costs for essentials, elevated interest rates on various debts and insufficient financial reserves are eroding individuals’ financial confidence. A mere 52% of American adults possess an emergency fund. Among those, approximately 40% have savings totaling less than $10,000, as per the survey.
But It’s Not All About Inflation
Despite surging inflation affecting budgets, Dave Ramsey emphasizes that not all financial challenges stem from high costs. On “The Ramsey Show,” he attributed record-high household debt to consumer responses rather than inflation-driven essential goods price hikes.
Ramsey clarified that debt isn’t a result of inflation but rather a consequence of not adjusting lifestyles to counter it. The Federal Reserve Bank of New York reported total household debt at $17.29 trillion in Q3, with credit card balances totaling $1.08 trillion.
To secure retirement savings, Ramsey suggested a $100 monthly investment in a growth fund from age 25 to 65. However, he emphasized avoiding unnecessary expenses like high car payments and long-term student loans. Ramsey criticized the normalization of debt, highlighting its hindrance to saving for retirement. Instead of curbing spending during inflation, people resort to borrowing, perpetuating their lifestyle.
Ramsey, recognizing the enduring reliance on consumer debt, reiterated his financial advice. He advocates starting with a $1,000 emergency fund as a foundational step, emphasizing its role in handling unexpected expenses without derailing debt repayment progress.
What Should Americans Start Doing?
While most individuals lack large sums to pay off mortgages at once, Ramsey suggests the snowball method for quick debt reduction. List debts, prioritize from smallest to largest and focus on the smallest while making minimum payments on others. Repeat until you’re debt-free.
Once you’ve paid all your debts, the journey continues. Focus on building an emergency fund equivalent to three to six months of expenses. Review recent spending, redirect former debt payments to savings and cultivate a habit of financial prudence.
Upon completing your emergency fund, shield yourself from life’s unexpected blows, such as job loss or extended hospitalization. If fortune smiles, consider your emergency fund as future income, providing a reassuring buffer. Ramsey advises introspection to avoid unnecessary spending and emphasizes personal accountability.
On the date of publication, Chris MacDonald did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Chris MacDonald’s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective.
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The post The U.S. Economy Is Doing Great. So, Why Do We All Feel Broke? appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The data reveal the positive impact of the robust pandemic-era job market, with wages outpacing inflation due to increased worker value amid COVID-induced retirements. Financial vulnerability indicators, such as debt-to-income and payment-to-income ratios, reached record lows, with fewer bankruptcies, late payments and payday loans reported than in any year since 2010. The 2022 Survey of Consumer Finances (SCF), conducted by the National Opinion Research Center, is recognized as the “gold standard” for assessing wealth distribution and household financial health.
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A survey of 4,336 adults in March revealed that almost 60% attributed their financial stress to inflation, followed by economic instability (43%), rising interest rates (36%) and insufficient savings (35%). High cost of debt A CNBC survey indicates that 58% of Americans lived paycheck to paycheck, resorting to credit cards for financial gaps. Crumbling financial security Rising costs for essentials, elevated interest rates on various debts and insufficient financial reserves are eroding individuals’ financial confidence.
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Despite improvements in income, financial assets, net worth and overall financial stability, post-pandemic sentiments revealed increased dissatisfaction, as per an October Federal Reserve report. The Numbers Despite favorable financial indicators, polls reveal a contrasting sentiment, with 50% of surveyed U.S. adults in January 2023 feeling financially worse off than a year ago, reflecting a shift from January 2019 when 50% felt better off. Crumbling financial security Rising costs for essentials, elevated interest rates on various debts and insufficient financial reserves are eroding individuals’ financial confidence.
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But It’s Not All About Inflation Despite surging inflation affecting budgets, Dave Ramsey emphasizes that not all financial challenges stem from high costs. To secure retirement savings, Ramsey suggested a $100 monthly investment in a growth fund from age 25 to 65. Focus on building an emergency fund equivalent to three to six months of expenses.
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55dfa04d-d719-4450-96aa-d5638b49ab5c
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713395.0
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2023-12-11 00:00:00 UTC
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French company Vivendi to examining splitting its activities into several units
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DCOMP
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https://www.nasdaq.com/articles/french-company-vivendi-to-examining-splitting-its-activities-into-several-units
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nan
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PARIS, Dec 13 (Reuters) - French media company Vivendi VIV.PA said on Wednesday that it had decided to examine splitting up its activities into several, different entities, each of which would then be listed on the stock market.
(Reporting by Sudip Kar-Gupta; editing by Jonathan Oatis)
((sudip.kargupta@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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PARIS, Dec 13 (Reuters) - French media company Vivendi VIV.PA said on Wednesday that it had decided to examine splitting up its activities into several, different entities, each of which would then be listed on the stock market. (Reporting by Sudip Kar-Gupta; editing by Jonathan Oatis) ((sudip.kargupta@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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PARIS, Dec 13 (Reuters) - French media company Vivendi VIV.PA said on Wednesday that it had decided to examine splitting up its activities into several, different entities, each of which would then be listed on the stock market. (Reporting by Sudip Kar-Gupta; editing by Jonathan Oatis) ((sudip.kargupta@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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PARIS, Dec 13 (Reuters) - French media company Vivendi VIV.PA said on Wednesday that it had decided to examine splitting up its activities into several, different entities, each of which would then be listed on the stock market. (Reporting by Sudip Kar-Gupta; editing by Jonathan Oatis) ((sudip.kargupta@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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PARIS, Dec 13 (Reuters) - French media company Vivendi VIV.PA said on Wednesday that it had decided to examine splitting up its activities into several, different entities, each of which would then be listed on the stock market. (Reporting by Sudip Kar-Gupta; editing by Jonathan Oatis) ((sudip.kargupta@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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f7831884-6488-4ce3-9fe7-3a586d647609
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713396.0
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2023-12-11 00:00:00 UTC
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Alteryx (AYX) Releases New Capabilities for Public Sector
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DCOMP
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https://www.nasdaq.com/articles/alteryx-ayx-releases-new-capabilities-for-public-sector-0
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Alteryx AYX is expanding its footprint in the public sector with the formation of the Alteryx Public Sector platform. The platform is aimed at providing tailored analytics solutions for U.S. public sector institutions.
This strategic move comes in response to the urgent need for advanced technologies, particularly artificial intelligence (AI), as indicated by a recent Alteryx survey revealing that 49% of public sector organizations plan to invest in such technologies over the next three years.
Committed to empowering public sector employees, Alteryx has a proven track record of collaboration with over 1,100 educational institutions and a multitude of government and defense customers.
Noteworthy initiatives, including partnerships with the Department of Defense SkillBridge program and the global Alteryx SparkED program, underscore Alteryx's dedication to equipping public sector professionals with the skills required to leverage AI and data analytics effectively.
Alteryx, Inc. Price and Consensus
Alteryx, Inc. price-consensus-chart | Alteryx, Inc. Quote
Expanding Portfolio to Aid Alteryx’s Prospects
The latest move is in sync with the company's effort toward strengthening its position and expanding its presence in the public sector analytics space.
During the third quarter of 2023, Alteryx introduced the Alteryx Marketplace, providing users with a curated platform to discover and access verified, creator-supported solutions that enhance the functionality of the Alteryx platform and foster business growth.
The growing demand for the Alteryx Analytics platform, which comprises AiDIN, is expected to boost prospects in the long haul.
In October, Alteryx introduced AiDIN innovations, including AI Studio, facilitating no-code users to leverage generative AI for customizing large language models (LLMs), while upcoming Playbooks automate initial analytics stages, enhancing data insights and operational agility.
AYX collaborated with TechVets in the U.K., extending its commitment to military service members globally by offering real-world industry training and certifications in data analytics through the Alteryx SparkED program for veterans and active-duty personnel.
Beyond technological advancements, Alteryx is benefiting from an expanding clientele, exemplified by its collaboration with Alphabet GOOGL and Snowflake SNOW.
Alteryx strengthened its collaboration with Alphabet’s Google Cloud, offering Looker Studio users seamless access to a complimentary limited version of Alteryx Designer Cloud, featuring AI-driven data preparation capabilities and improved connectivity.
The Snowflake partnership allows Alteryx to leverage Snowflake’s compute, elastic scaling, and secure data sharing capabilities to provide customers with automated data pipelining, faster data processing and accelerated analytics outcomes at scale.
Fourth-Quarter View Positive
Alteryx expects fourth-quarter 2023 revenues in the range of $334-$340 million, suggesting year-over-year growth of 11-13%. The Zacks Consensus Estimate for the same is pegged at $337.39 million, suggesting a rise of 12.06%.
The consensus mark for earnings is pegged at $1.15 per share, unchanged in the past 30 days and indicating year-over-year growth of 36.9%.
Zacks Rank & Stock to Consider
Currently, AYX has Zacks Rank #2 (Buy).
The stock has declined 11.4% against the Zacks Computer & Technology sector’s return of 47.1% year to date.
A better-ranked stock in the broader technology sector is Flex FLEX, which currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Flex’s shares have returned 21.8% on a year-to-date basis. The long-term earnings growth rate for FLEX is pegged at 12.39%.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Flex Ltd. (FLEX) : Free Stock Analysis Report
Alphabet Inc. (GOOGL) : Free Stock Analysis Report
Snowflake Inc. (SNOW) : Free Stock Analysis Report
Alteryx, Inc. (AYX) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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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Committed to empowering public sector employees, Alteryx has a proven track record of collaboration with over 1,100 educational institutions and a multitude of government and defense customers. AYX collaborated with TechVets in the U.K., extending its commitment to military service members globally by offering real-world industry training and certifications in data analytics through the Alteryx SparkED program for veterans and active-duty personnel. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
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Alteryx strengthened its collaboration with Alphabet’s Google Cloud, offering Looker Studio users seamless access to a complimentary limited version of Alteryx Designer Cloud, featuring AI-driven data preparation capabilities and improved connectivity. The Snowflake partnership allows Alteryx to leverage Snowflake’s compute, elastic scaling, and secure data sharing capabilities to provide customers with automated data pipelining, faster data processing and accelerated analytics outcomes at scale. Click to get this free report Flex Ltd. (FLEX) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Snowflake Inc. (SNOW) : Free Stock Analysis Report Alteryx, Inc. (AYX) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Alteryx, Inc. Price and Consensus Alteryx, Inc. price-consensus-chart | Alteryx, Inc. Quote Expanding Portfolio to Aid Alteryx’s Prospects The latest move is in sync with the company's effort toward strengthening its position and expanding its presence in the public sector analytics space. During the third quarter of 2023, Alteryx introduced the Alteryx Marketplace, providing users with a curated platform to discover and access verified, creator-supported solutions that enhance the functionality of the Alteryx platform and foster business growth. Click to get this free report Flex Ltd. (FLEX) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Snowflake Inc. (SNOW) : Free Stock Analysis Report Alteryx, Inc. (AYX) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Alteryx AYX is expanding its footprint in the public sector with the formation of the Alteryx Public Sector platform. Beyond technological advancements, Alteryx is benefiting from an expanding clientele, exemplified by its collaboration with Alphabet GOOGL and Snowflake SNOW. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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6ea44b16-9662-4efd-a7de-04e3868c0510
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713397.0
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2023-12-11 00:00:00 UTC
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Wednesday Sector Leaders: Utilities, Healthcare
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DCOMP
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https://www.nasdaq.com/articles/wednesday-sector-leaders%3A-utilities-healthcare-10
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The best performing sector as of midday Wednesday is the Utilities sector, up 1.2%. Within that group, Edison International (Symbol: EIX) and Exelon Corp (Symbol: EXC) are two large stocks leading the way, showing a gain of 2.1% and 2.0%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is up 1.2% on the day, and down 6.54% year-to-date. Edison International, meanwhile, is up 10.82% year-to-date, and Exelon Corp, is down 3.46% year-to-date. Combined, EIX and EXC make up approximately 7.0% of the underlying holdings of XLU.
The next best performing sector is the Healthcare sector, up 0.8%. Among large Healthcare stocks, Vertex Pharmaceuticals, Inc. (Symbol: VRTX) and Revvity Inc (Symbol: RVTY) are the most notable, showing a gain of 12.0% and 5.4%, respectively. One ETF closely tracking Healthcare stocks is the Health Care Select Sector SPDR ETF (XLV), which is up 0.5% in midday trading, and up 0.24% on a year-to-date basis. Vertex Pharmaceuticals, Inc., meanwhile, is up 40.07% year-to-date, and Revvity Inc, is down 32.99% year-to-date. Combined, VRTX and RVTY make up approximately 2.2% of the underlying holdings of XLV.
Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom:
Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Wednesday. As you can see, four sectors are up on the day, while four sectors are down.
SECTOR % CHANGE
Utilities +1.2%
Healthcare +0.8%
Financial +0.2%
Materials +0.2%
Energy -0.0%
Consumer Products -0.1%
Services -0.1%
Industrial -0.2%
Technology & Communications -0.3%
10 ETFs With Stocks That Insiders Are Buying »
Also see:
AHAC market cap history
LEGR Average Annual Return
ALSN Dividend History
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Combined, VRTX and RVTY make up approximately 2.2% of the underlying holdings of XLV. Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom: Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Wednesday. Utilities +1.2% Healthcare +0.8% Financial +0.2% Materials +0.2% Energy -0.0% Consumer Products -0.1% Services -0.1% Industrial -0.2% Technology & Communications -0.3% 10 ETFs With Stocks That Insiders Are Buying » Also see: AHAC market cap history LEGR Average Annual Return ALSN Dividend History The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Within that group, Edison International (Symbol: EIX) and Exelon Corp (Symbol: EXC) are two large stocks leading the way, showing a gain of 2.1% and 2.0%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is up 1.2% on the day, and down 6.54% year-to-date. Among large Healthcare stocks, Vertex Pharmaceuticals, Inc. (Symbol: VRTX) and Revvity Inc (Symbol: RVTY) are the most notable, showing a gain of 12.0% and 5.4%, respectively.
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Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is up 1.2% on the day, and down 6.54% year-to-date. One ETF closely tracking Healthcare stocks is the Health Care Select Sector SPDR ETF (XLV), which is up 0.5% in midday trading, and up 0.24% on a year-to-date basis. Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom: Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Wednesday.
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The best performing sector as of midday Wednesday is the Utilities sector, up 1.2%. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is up 1.2% on the day, and down 6.54% year-to-date. The next best performing sector is the Healthcare sector, up 0.8%.
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0e4bd74c-c1a4-4295-9466-c31ed5c8dc57
|
713398.0
|
2023-12-11 00:00:00 UTC
|
Wednesday Sector Laggards: Technology & Communications, Industrial
|
DCOMP
|
https://www.nasdaq.com/articles/wednesday-sector-laggards%3A-technology-communications-industrial-0
|
nan
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nan
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The worst performing sector as of midday Wednesday is the Technology & Communications sector, showing a 0.3% loss. Within the sector, Etsy Inc (Symbol: ETSY) and SolarEdge Technologies Inc (Symbol: SEDG) are two large stocks that are lagging, showing a loss of 5.9% and 3.5%, respectively. Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is up 0.1% on the day, and up 54.79% year-to-date. Etsy Inc, meanwhile, is down 28.88% year-to-date, and SolarEdge Technologies Inc, is down 74.25% year-to-date. SEDG makes up approximately 0.0% of the underlying holdings of XLK.
The next worst performing sector is the Industrial sector, showing a 0.2% loss. Among large Industrial stocks, Southwest Airlines Co (Symbol: LUV) and CoStar Group, Inc. (Symbol: CSGP) are the most notable, showing a loss of 6.3% and 2.3%, respectively. One ETF closely tracking Industrial stocks is the Industrial Select Sector SPDR ETF (XLI), which is down 0.3% in midday trading, and up 13.18% on a year-to-date basis. Southwest Airlines Co, meanwhile, is down 10.66% year-to-date, and CoStar Group, Inc. is up 6.77% year-to-date. LUV makes up approximately 0.5% of the underlying holdings of XLI.
Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom:
Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Wednesday. As you can see, four sectors are up on the day, while four sectors are down.
SECTOR % CHANGE
Utilities +1.2%
Healthcare +0.8%
Financial +0.2%
Materials +0.2%
Energy -0.0%
Consumer Products -0.1%
Services -0.1%
Industrial -0.2%
Technology & Communications -0.3%
25 Dividend Giants Widely Held By ETFs »
Also see:
QPACU Historical Stock Prices
Institutional Holders of GSX
SN Price Target
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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One ETF closely tracking Industrial stocks is the Industrial Select Sector SPDR ETF (XLI), which is down 0.3% in midday trading, and up 13.18% on a year-to-date basis. Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom: Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Wednesday. Utilities +1.2% Healthcare +0.8% Financial +0.2% Materials +0.2% Energy -0.0% Consumer Products -0.1% Services -0.1% Industrial -0.2% Technology & Communications -0.3% 25 Dividend Giants Widely Held By ETFs » Also see: QPACU Historical Stock Prices Institutional Holders of GSX SN Price Target The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Within the sector, Etsy Inc (Symbol: ETSY) and SolarEdge Technologies Inc (Symbol: SEDG) are two large stocks that are lagging, showing a loss of 5.9% and 3.5%, respectively. Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is up 0.1% on the day, and up 54.79% year-to-date. Among large Industrial stocks, Southwest Airlines Co (Symbol: LUV) and CoStar Group, Inc. (Symbol: CSGP) are the most notable, showing a loss of 6.3% and 2.3%, respectively.
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Within the sector, Etsy Inc (Symbol: ETSY) and SolarEdge Technologies Inc (Symbol: SEDG) are two large stocks that are lagging, showing a loss of 5.9% and 3.5%, respectively. Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is up 0.1% on the day, and up 54.79% year-to-date. One ETF closely tracking Industrial stocks is the Industrial Select Sector SPDR ETF (XLI), which is down 0.3% in midday trading, and up 13.18% on a year-to-date basis.
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Within the sector, Etsy Inc (Symbol: ETSY) and SolarEdge Technologies Inc (Symbol: SEDG) are two large stocks that are lagging, showing a loss of 5.9% and 3.5%, respectively. Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is up 0.1% on the day, and up 54.79% year-to-date. One ETF closely tracking Industrial stocks is the Industrial Select Sector SPDR ETF (XLI), which is down 0.3% in midday trading, and up 13.18% on a year-to-date basis.
|
185e6e0a-638b-4c6f-bee4-56c8d5cc8a2d
|
713399.0
|
2023-12-11 00:00:00 UTC
|
Notable Wednesday Option Activity: VRTX, ADM, REGN
|
DCOMP
|
https://www.nasdaq.com/articles/notable-wednesday-option-activity%3A-vrtx-adm-regn
|
nan
|
nan
|
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Vertex Pharmaceuticals, Inc. (Symbol: VRTX), where a total of 17,634 contracts have traded so far, representing approximately 1.8 million underlying shares. That amounts to about 120.8% of VRTX's average daily trading volume over the past month of 1.5 million shares. Particularly high volume was seen for the $370 strike call option expiring December 15, 2023, with 2,712 contracts trading so far today, representing approximately 271,200 underlying shares of VRTX. Below is a chart showing VRTX's trailing twelve month trading history, with the $370 strike highlighted in orange:
Archer Daniels Midland Co. (Symbol: ADM) options are showing a volume of 12,823 contracts thus far today. That number of contracts represents approximately 1.3 million underlying shares, working out to a sizeable 42.4% of ADM's average daily trading volume over the past month, of 3.0 million shares. Particularly high volume was seen for the $87.50 strike put option expiring January 19, 2024, with 2,968 contracts trading so far today, representing approximately 296,800 underlying shares of ADM. Below is a chart showing ADM's trailing twelve month trading history, with the $87.50 strike highlighted in orange:
And Regeneron Pharmaceuticals, Inc. (Symbol: REGN) saw options trading volume of 1,889 contracts, representing approximately 188,900 underlying shares or approximately 40.7% of REGN's average daily trading volume over the past month, of 463,875 shares. Especially high volume was seen for the $880 strike put option expiring January 19, 2024, with 160 contracts trading so far today, representing approximately 16,000 underlying shares of REGN. Below is a chart showing REGN's trailing twelve month trading history, with the $880 strike highlighted in orange:
For the various different available expirations for VRTX options, ADM options, or REGN options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Institutional Holders of RFI
AUBN Videos
Top Ten Hedge Funds Holding MEG
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Particularly high volume was seen for the $370 strike call option expiring December 15, 2023, with 2,712 contracts trading so far today, representing approximately 271,200 underlying shares of VRTX. Especially high volume was seen for the $880 strike put option expiring January 19, 2024, with 160 contracts trading so far today, representing approximately 16,000 underlying shares of REGN. Today's Most Active Call & Put Options of the S&P 500 » Also see: Institutional Holders of RFI AUBN Videos Top Ten Hedge Funds Holding MEG The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Below is a chart showing VRTX's trailing twelve month trading history, with the $370 strike highlighted in orange: Archer Daniels Midland Co. (Symbol: ADM) options are showing a volume of 12,823 contracts thus far today. Particularly high volume was seen for the $87.50 strike put option expiring January 19, 2024, with 2,968 contracts trading so far today, representing approximately 296,800 underlying shares of ADM. Below is a chart showing ADM's trailing twelve month trading history, with the $87.50 strike highlighted in orange: And Regeneron Pharmaceuticals, Inc. (Symbol: REGN) saw options trading volume of 1,889 contracts, representing approximately 188,900 underlying shares or approximately 40.7% of REGN's average daily trading volume over the past month, of 463,875 shares. Especially high volume was seen for the $880 strike put option expiring January 19, 2024, with 160 contracts trading so far today, representing approximately 16,000 underlying shares of REGN.
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Vertex Pharmaceuticals, Inc. (Symbol: VRTX), where a total of 17,634 contracts have traded so far, representing approximately 1.8 million underlying shares. Particularly high volume was seen for the $87.50 strike put option expiring January 19, 2024, with 2,968 contracts trading so far today, representing approximately 296,800 underlying shares of ADM. Below is a chart showing ADM's trailing twelve month trading history, with the $87.50 strike highlighted in orange: And Regeneron Pharmaceuticals, Inc. (Symbol: REGN) saw options trading volume of 1,889 contracts, representing approximately 188,900 underlying shares or approximately 40.7% of REGN's average daily trading volume over the past month, of 463,875 shares. Below is a chart showing REGN's trailing twelve month trading history, with the $880 strike highlighted in orange: For the various different available expirations for VRTX options, ADM options, or REGN options, visit StockOptionsChannel.com.
|
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Vertex Pharmaceuticals, Inc. (Symbol: VRTX), where a total of 17,634 contracts have traded so far, representing approximately 1.8 million underlying shares. Particularly high volume was seen for the $87.50 strike put option expiring January 19, 2024, with 2,968 contracts trading so far today, representing approximately 296,800 underlying shares of ADM. Below is a chart showing ADM's trailing twelve month trading history, with the $87.50 strike highlighted in orange: And Regeneron Pharmaceuticals, Inc. (Symbol: REGN) saw options trading volume of 1,889 contracts, representing approximately 188,900 underlying shares or approximately 40.7% of REGN's average daily trading volume over the past month, of 463,875 shares. Especially high volume was seen for the $880 strike put option expiring January 19, 2024, with 160 contracts trading so far today, representing approximately 16,000 underlying shares of REGN.
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6b10573b-a45c-46ad-a336-fe944064a92f
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