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2023-12-11 00:00:00 UTC
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Interested in Investing in Canadian Stocks? Read On.
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https://www.nasdaq.com/articles/interested-in-investing-in-canadian-stocks-read-on.
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In this podcast, Motley Fool analysts Nick Sciple and Jim Gillies talk about the macro environment in Canada and opportunities investors can find in a messy housing market.
They also discuss:
The deceptive nature of "static" mortgages.
Six bank stocks that are long-term, growing winners.
And a company that "specializes in the absurd."
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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This video was recorded on Dec. 09, 2023.
Jim Gillies: Banks are hunkering down. They are preparing for loans to go bad, and this all sounds bad. I'm going to take another mongerism here, and I'm going to go invert. Always invert. You want to be a buyer of these types of assets when things look bad.
Mary Long: I'm Mary Long, and that's Jim Gillies, a senior analyst for Motley Fool Canada. Today we're hitting the road and putting the spotlight on Canada to get a sense of what investment opportunities exist in America's northern neighbor. Nick Sciple, another analyst for the Fool's Canadian service caught up with Jim in late November. They discussed how to find upside in a messy housing market, accidental tech companies, and a quality business that specializes in the absurd.
Nick Sciple: Let's set the stage. Most of our listeners here today are going to be American listeners on the Motley Fool. [inaudible] how do you compare and contrast the Canadian economy with the US economy our listeners are probably more familiar with?
Jim Gillies: Sure, thanks Nick. The real quick rule of thumb is we're generally about a 10th of your size. Pick any metric you want. GDP, Population, whatever, we're generally about one-tenth of your size. We are the size, population-wise of one of your larger states. We are rich in land mass, but we tend to cluster a lot. I believe it's got about 90% of our people, myself included, live within 150 miles of the US border, or 240 kilometers, if you prefer. We go to McDonald's as much as you do kind of thing. We watch the same movies, have the same pop culture, yada yada, yada. Where we differ though is our economy is very tied to a few specific things that tend to go boom or bust. We don't have much of a tech sector, frankly, and even when we have had a tech sector Nortel Networks, Research in Motion, that also favors the bust side of things, but we tend to be very focused on finance, so big banks, life insurance companies, that sort of thing. We tend to be very focused on resources. You may have heard, Alberta, one of our western provinces, has the largest oil reserves in the world. Yes, more than Saudi Arabia. It just tends to be in very thick, black, goopy bitumen and not in very easy to access, light sweet crude. We have that exposure to resource prices that can sometimes be a bit of a feast or famine up here. Then finally, and I think this is where we're probably going to take the conversation, Canadians fell in love with housing round about the time you all did in the early part of the 2000s. The key difference is you had your come-to-rationality moment somewhat forced upon you in 2008, 2009, and Canadians, as a collective, went the other direction and put their foot down on the accelerator. We're facing some problems today that my American friends are probably already more than familiar with.
Nick Sciple: Lots of similarities between the US and Canada. Some real key differences, and one of those key differences we'll talk about here in the Canadian real estate market. If you pay really any attention to the Canadian economy, it's very clear. Canadians have real estate anxiety. When you compare household income in Canada to housing costs, they're at their highest level since the 1980s. Many folks worry that it could hurt the economy. You talked also about real concentrations of folks in a handful of cities. Really there's not a lot of options to move into other places. Jim, what has caused this housing mess in Canada?
Jim Gillies: Boy, how long do we got? I'm going to start with the premise that, much like our American cousins in the early part of the 2000s, we bought the line, or I'll say collectively the country bought the line that house prices only go up. You can't lose money if you own a house, and so there's a bit of a propensity to pay any price. That's the seeds of FOMO, or fear of missing out. You start to have that plying on people's thought processes. Look when house prices are going up, everything's great. You feel richer. Maybe you spend a little more, so that goes into the economy. Maybe that spending is financed by your borrowings on your HELOC, for example, on your home. There's that mentality certainly during COVID as well. It was already nascent, that house prices were rich, before COVID. Then COVID just touched the match off, unfortunately. That's one of the drivers. But then as we've come through COVID, and we're now on the other side of it, and you're talking about derail in the economy, the first thing I would say is interest rates have done Canadian housing no favors. This is not something that Americans really understand because I like to tweak my American friends, and I like to say how it's so nice that you guys live in a socialist country where you have 30-year mortgages. The rest of the world is not like that, where we have government standing behind our mortgages, so Canadians, for example, have to reset or renegotiate their mortgage. Generally every five years, you can get a one-year mortgage. You can get a 10-year mortgage. Rates differ. Most people do five-year increments.
That's a way of the banks sloughing off some of the interest rate risk onto citizens. Now of course, if interest rates go down in your five-year mortgage, you can renew for your next five years. Most houses are at the 25-year amortization, so if you're a basic standard Canadian, you're going to do five five-year mortgages over 25 years, no extra payments, and that's when you pay it off, but you are going to carry some of that interest rate risk. The other thing that has come up, and again, stop me, Americans, if you've heard this one before, you have seen the rise of what I'm going to call exotic mortgages. What that means here in Canada is you generally used to have a choice between a fixed rate mortgage or a variable rate mortgage. The old bog standard variable rate mortgage would be if the Central Bank raised interest rates, your mortgage payment would go up that next payment date. If they lowered interest rates, your payment would go down. The problem is the innovation. I should probably do air quotes around the word innovation. The innovation a few years ago was that four of the Big Six banks introduced a new product, which I'm going to call a static payment variable rate mortgage. That means when interest rates move, your payment stays the same. That's the whole static payment thing.
The problem is mortgage math is actually deceptively easy. There's basically, three inputs into determining your payment: the amount you borrow, the interest rate, and the amortization period. The amount you borrow, you know that upfront, so we're done there. We're going to hold the payment steady. That's the whole static payment thing. When interest rates go up, the only thing that can move is amortization. In other words, the length of time of your mortgages. That also shifts the balance of how much of your payment is going to principal and how much is going to interest. We have just lived through a year and a half of the interest rate going up 1900%, from 25 basis points, the key Fed rate, to 5 percentage points, so 25 basis points, 5 percentage points. When you tell people interest rates have gone up 1900%, their eyes will glaze over, but what that's done on the static payment variable rate mortgages, it has exploded the amortization period now.
You can go to the four of the Big Six banks here in Canada that offer that type of product, and you're now seeing 30 and 40% of mortgages with over 30-years of amortization, quite often, over 40 years of amortization. That is putting a lot of stress on people, but they're not yet feeling it because their payment hasn't changed, the whole static payment thing. The static payment, as they start renewing, remember, you need to renew every five years, as you renew your payment, if you overpaid for a house, you chase the house at any price because, of course, house prices only go up, they never go down, as was the thinking. Five years after you bought, let's say you bought in 2019, so it's going to be 2024 coming up, how enthused are you to hear that your monthly payment could go up 30, 40, 50% even? Can your household budget sustain that? I think what's dawning on a lot of Canadians is that a lot of household budgets won't sustain that, and the cure for that is for house prices to fall, but for everybody who maybe doesn't have a mortgage and is living in their house, that's fine. People who bought a house within the last five years, who stretched to pay up, who took a variable rate static payment mortgage because the rate was lower and that meant that they could buy more house, those people their budgets are going to be imploded. A non-zero number of them are going to lose their houses again.
Go back and look at what happened to the US in 2007-2009. That is the single biggest problem right now in the Canadian mortgage market. The other thing is, much like the US, a lot of people are sitting on mortgage rates of 1.5-2.5% and they're, like, we don't want to sell or move because we'll be renewing. The new house we'll be buying, mortgage will be at 6%, six-and-a-half, five-and-a-half, whatever. That will, again, jack the price up so people are sitting. A lot of these things, so there's not a lot of supply. Then as well too, we do have a supply issue in Canada. The supply issue is a housing supply. That issue is tied to the fact that we're at record immigration. People have got to live somewhere. We have a non-zero number of housing units, particularly condos, essentially coming onto the market as Airbnbs, or short term rentals, and then as well development costs, like we are on pace this year, 2023, even though we have the supply issue. We are on pace to deliver less housing units than we delivered last year because dirty little secret, higher interest rates. Most development is also interest-fueled, or it's financed.
Their cost of development has gone up. We've had inflation, particularly wage inflation. The trades have done very well, but the cost to develop homes has been very expensive. Various cities have laid on more and more development charges, which the builders, of course, are happy to pass along to citizens buying their homes. Throughout the whole chain, owning a house, for new buyers at least, it has become, if not economically impossible, at least economically not a great idea because you will be basically servicing your loan for 30, 40, 50 years, given the way that amortizations are gone, and it's going to take more and more of your paycheck. House prices probably have to come down. They have been coming down since the February 2022 peak, but then that, of course, introduces a whole other set of issues, not the least of which is, if you felt wealthier as your house price expanded, guess what you feel as your house price shrinks.
Nick Sciple: Jim, we've talked about a lot of the risks may be being created in the Canadian real estate market, but are there any opportunities that you see, or any companies or banks perhaps, that could emerge from this stronger than others?
Jim Gillies: Sure. This has all been dour and sour and terrible and why would you want to come here. I'm generally one of the most positive people you'll know, but I hide it behind a veneer of cynicism. I like to think of it as mongeresque to do a deep cut right now. The first thing I'm going to say is our banking system. Our banking system is, unlike the US. There you have a couple of giant money center banks, your JPMorgans, your Citigroups, your Bank of Americas, and your Wells Fargos, blah blah blah. Then you have about 78,000 tiny little banks and savings and loans. I'm probably making up a completely silly number, but we don't have that. We have six big banks, and they control basically everything. There are a few smaller, but the Big Six banks and the Big Six banks are incredibly diverse. Yes, they're into mortgage lending, but they're also into business lending, but they're also into wealth management and investments, but they're also into insurance, but they're also into on and on. If you pick a financial business line, they are probably tied to it one way or the other. They control all the deposits, so there's no Silicon Valley style bank runs that are happening. They're all generally well-capitalized. Probably the worst of the bunch would be CIBC, which I like to call the bank most likely to walk into sharp objects, If you need to ask yourself, who has the most exposure to whatever disaster is happening today, it's probably CIBC among the Canadian six banks, but they are very large, very diversified, and they are going to weather this present storm. The banks have just started reporting their most recent quarters. In fact, Bank of Nova Scotia reported the day before we're recording this. The next five of the Big Six will be reporting, I think, over the next two or three days.
What is interesting to me is these are long-term market-beating winners. The Canadian market is, unlike the US market, our long-term annualized return here in Canada is about 8% for the last 20 years. If you want to go for about 45 years, I think, since Capital IQ was keeping data, I believe it's about 8.7%, that is with dividends reinvested. That's a very important distinction because, in the US, the S&P 500 does 10, 11% before dividends, 11, 12% with dividends reinvested, so we have had lower aggregate returns, and that is in large part because of what I talked about earlier, how we have a lot of resource companies, a lot of boom and bust in those areas. We managed to, at one point in time, have the largest company in Canada that would be Nortel Networks. That one went to zero. That was good. Research in Motion, another one, has lost a lot of its value. There's been a lot of hindrances on the index is what I'm trying to say, but the banks are long-term growing winners. They have raised their dividend. Some of them have paid dividends since before Canada was a country. Canada Confederation was in 1867, for those who don't know. Some of them predate the existence of Canada, have been paying dividends uninterrupted since before the existence of Canada, the country officially, obviously, not the landmass.
They have a habit of raising their dividends on the regular. Right now you can see, at least in the Bank of Nova Scotia, report that came out two days ago, they took larger-than-expected provisioning because banks are hunkering down. They are preparing for loans to go bad, and this all sounds bad, but I'm going to take another mongerism here, and I'm going to go invert. Always invert. You want to be a buyer of these types of assets when things look bad. Right now, on my other screen here, I have the valuation of all Big Six banks since 2000, so about almost 23 years, almost 24 years. All six are at valuations that are well below the average valuation. If you look at just the valuation levels over the past 10 years, one is slightly above what the average over the past 10 years is, that is again CIBC, but everything else, the setup looks good. They all pay a dividend.
I believe the average dividend yield at this point is somewhere around five-and-a-half percent ranging from 4.6% for the banks generally considered the higher quality ones that Royal Bank and Toronto-Dominion, TD, and to 7.2% for Bank of Nova Scotia, which again is the one that just reported. What I find fascinating about that is Bank of Nova Scotia is one of the two banks, National Bank of Canada being the other one, one of the two banks that did not engage in those static payment variable rate mortgages. Yet it has the lowest valuation/highest yield. That's interesting to me, full disclosure. I own some myself. Every Canadian owns bank stock through various index funds and mutual funds, but I own some stock directly as well, but the banks are interesting to me because, five years from now, we will get through this. The economy, I presume, because economy is ebb and flow, we will be on an uptick at some point in the next half-decade. I have to assume, since that's how we generally have rolled anyway, that this is a really great time to be a buyer. The only better time I can think of being a buyer of the banks was in 2008, 2009, when of course everything looked like it was imploding worldwide. It's like if you could muscle up and stomach the volatility and the pain of that time, boy, you've had fun with your bank stocks. These are companies that touch every Canadian's life daily, so I like the banks. We do lack what.
Nick Sciple: They were all cross-listed, by the way.
Jim Gillies: Yeah, five of the six are cross-listed. The only one that is not cross-listed on both the TSX and the American exchanges is National Bank of Canada, which is ticker NA on the TSX. It does not have a US listing. Bank of Montreal, Bank of Nova Scotia, TD, Royal Bank, and, who have I missed, CIBC, of course, they are all cross-listed on US exchanges, so Americans can have easy access to this thesis. As we go beyond that though, again, your benchmark in Canada, here's about 8% a year for your stocks, and like I said, Scotia Bank yielding 7.2, so you can almost get average market performance just by buying the dividend and leaving it alone. Scotia Bank will be here frankly. Also too, I should mention, all of these banks have significant non-Canadian exposure. Anyone from the Boston area, if you want to go watch the Boston Bruins play, they play at the TD Bank North Arena, TD being the Toronto-Dominion Bank. I believe the Carolina Hurricanes, yes, I'm doing hockey metaphors here, the Carolina Hurricanes, at least they used to, I believe, play at the RBC Arena, Royal Bank of Canada. Canada has come south. The Canadian banks have come south. They've made various acquisitions. Bank of Montreal has also done one recently, so there's a way for Americans to play. The one thing that we don't have in Canada, we don't have what we traditionally would call Canadian rule breakers. Rule breakers, the motif that's been obviously, made famous among Fools by David Gardner, we lack those types of companies. Again, we're very resource-based, we're very financial-based, but that doesn't mean we don't have interesting companies that I believe you can make good money on.
Nick Sciple: For context, yeah. There is no Magnificent Seven in Canada.
Jim Gillies: No.
Nick Sciple: The Technology sector on the TSX composite, only about 5.6% of the overall components. You compare that to the US, where the S&P 500 over a quarter of that index comes from some of these big tech companies, so without those big Magnificent Seven stocks to go after, Jim, where are the places you go to look to find big winners in Canada?
Jim Gillies: We have a couple technology companies, but I think they're accidents, if I may, more. We don't have sectors. I've already mentioned a couple of past technology companies that had bitter ends. Nortel went to zero. JDS Uniphase effectively did the same. I mentioned Research in Motion now. Blackberry, you can hear the sucking sound from Waterloo, Ontario, from where I live. It's all blown-up, but let me go to a couple of tech companies in Canada. One of course being Shopify. It's a Fool favorite. It came out of Canada. The team Canada found it and put it on a couple of our scorecards when it was a small cap. Now it's $100 billion company I believe, or near enough. It of course got a little crazy during the pandemic bubble, it's come back to earth, but it's still a quality business. It's still working very well, and so we continue to like it. I'll go another tech company here which is sort of a tech company. It's not Magnificent Seven, but it's a company that I consider to be the best company in Canada, and I don't think there's a debate. Nick, I believe you probably know exactly who I'm going to go with.
Nick Sciple: It's Constellation Software, and true to form, in Canada, it's got a little bit of a roll-up quality to it.
Jim Gillies: Exactly, yes. That is the name. I believe I don't have my spreadsheet open now, but I believe the annualized return since its 2006 IPO is somewhere in the 35-40% range, which is good. In a country where, again, over that same period of time, I'm not sure the market has, with dividends reinvested, done much more than eight. Constellation has been fantastic. As Nick says, it is a roll-up. Specifically, they roll-up small and medium-sized software companies that no one else wants, basically, or that have no pretensions of being other than smaller and medium-sized software companies, so rather than big software where you can get a lot of. I'm talking about software that helps run restaurants, and software that helps run dental practices.
Nick Sciple: Pay your parking tickets.
Jim Gillies: Yeah, pay. Thank you. It's a lot of mundane things that we don't think of but you need software to operate from behind the scenes. It's led by the founder who is a recluse, Mark Leonard, CEO and founder. He's absolutely brilliant at what he has done. He's brought a culture in that I think is second to none. For example, you get your bonus paid in cash, if you're an executive there. Then you have to believe, I believe it's about 70% you have to go by. If you got a bonus, and you're an executive of Constellation Software, you then have to take 70 percentage of your bonus and go buy shares of Constellation on the open market because they want you participating in the success of the company, but they're not just going to hose out equity like so many other companies do and just shove brand-new shares into your pocket, and then we'll buy it back later. No. You've got to have real stakes here. It's been a fantastic company. It's a little large now for what they do, and in the recent years, they've started spinning off a few things. Topicus and Lumine are the two major spin-offs they've done, but it's still been an absolutely fantastic investment. There's our tech sector. We don't really have a lot of what I'll call traditional compounders, but we have really great businesses that you can buy at great or fair prices. The next one I'll introduce you to is Alimentation Couche-Tard, or just Couche-Tard, if you want. Americans will probably have no idea who that is until I say they are the parent company and owner of Circle K, the convenience store that you find at the gas station nearest you. If you want to, you buy gas, go in, buy little snacks for the road, maybe pick up a [inaudible] hot dog. Alimentation Couche-Tard has spent years rolling up convenience store chains around the planet. They've now consolidated most things in North America under the Circle K brand, but if you go find yourself, Fools, a long-term stock chart, say 20 years, what ticker ATD on the TSX, the Toronto Stock Exchange, has done, I think you'll be very impressed.
Then just because one of my absolute favorite Canadian companies because it's absurd, and I fully admit I do specialize a little bit in the absurd end of the market. I try to find stories that are off the beaten path, that are maybe misunderstood, so take that for what it's worth. I've mentioned this company before in several places, but it's a company called Stella-Jones, SJ on the TSX. Stella-Jones is basically the world's largest provider of treated wood railway ties and, as my colleague Iain Butler likes to call it, our colleague I suppose because Nick works with me on Team Canada, he likes to call it the state tree of Nevada, the utility pole, the telephone and utility poles. Yes, they make wood-treated products, essentially. That's an interesting business because, who's going to come in and take it? Who gets excited about creosote-soaking utility poles? What this company has done, it's been a great compounding story for about the last 20 years, stock price compounding, but it went through a bit of a renaissance over the last seven or eight years or before 2023.
It reached a valuation that was excited about 2014, 2015, where you're getting close to 30 times earnings for this business, so it traded sideways for most of the next decade. What people didn't realize, or at least ignored, was that 30 times earnings valuation, nearly 30 times earnings valuation almost a decade ago, was a 10 times valuation by about the end of 2021 or early 2022. Subsequently, and that's when we, Team Canada, got interested in it. We've recommended it and a couple of services. Stocks doubled in the last year and a bit, even as a lot of the high fly in tech stuff went splat. It's just they have a niche. They stick to their niche. They make a lot of cash in that niche. They deploy that cash via dividends, buybacks, and prudent acquisitions, and it's wash, rinse, repeat. Again who is excited about starting a competitor to a railway tie and utility pole maker? I'm going to hazard a guess and say very few, if not no one.
Nick Sciple: Yeah, that's right. Some of these Canadian compounders, not as flashy as maybe the big companies in the US, but really find a niche to exploit and have been able to really create value for shareholders from areas of the market that a lot of folks might not have thought big winners would have come from.
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.
Wells Fargo is an advertising partner of The Ascent, a Motley Fool company. Citigroup is an advertising partner of The Ascent, a Motley Fool company. JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. Bank of America is an advertising partner of The Ascent, a Motley Fool company. Jim Gillies has positions in Bank Of Nova Scotia, Constellation Software, National Bank Of Canada, Shopify, and Stella-Jones. Mary Long has positions in Airbnb and Shopify. Nick Sciple has positions in Shopify. The Motley Fool has positions in and recommends Airbnb, Alimentation Couche-Tard, Bank of America, Constellation Software, JPMorgan Chase, Lumine Group, Shopify, and Topicus.com. The Motley Fool recommends Bank Of Nova Scotia, BlackBerry, and Stella-Jones. 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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In this podcast, Motley Fool analysts Nick Sciple and Jim Gillies talk about the macro environment in Canada and opportunities investors can find in a messy housing market. We have a non-zero number of housing units, particularly condos, essentially coming onto the market as Airbnbs, or short term rentals, and then as well development costs, like we are on pace this year, 2023, even though we have the supply issue. Nick Sciple: Jim, we've talked about a lot of the risks may be being created in the Canadian real estate market, but are there any opportunities that you see, or any companies or banks perhaps, that could emerge from this stronger than others?
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We don't have much of a tech sector, frankly, and even when we have had a tech sector Nortel Networks, Research in Motion, that also favors the bust side of things, but we tend to be very focused on finance, so big banks, life insurance companies, that sort of thing. Jim Gillies has positions in Bank Of Nova Scotia, Constellation Software, National Bank Of Canada, Shopify, and Stella-Jones. The Motley Fool has positions in and recommends Airbnb, Alimentation Couche-Tard, Bank of America, Constellation Software, JPMorgan Chase, Lumine Group, Shopify, and Topicus.com.
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I think what's dawning on a lot of Canadians is that a lot of household budgets won't sustain that, and the cure for that is for house prices to fall, but for everybody who maybe doesn't have a mortgage and is living in their house, that's fine. People who bought a house within the last five years, who stretched to pay up, who took a variable rate static payment mortgage because the rate was lower and that meant that they could buy more house, those people their budgets are going to be imploded. What I find fascinating about that is Bank of Nova Scotia is one of the two banks, National Bank of Canada being the other one, one of the two banks that did not engage in those static payment variable rate mortgages.
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What I find fascinating about that is Bank of Nova Scotia is one of the two banks, National Bank of Canada being the other one, one of the two banks that did not engage in those static payment variable rate mortgages. Bank of Montreal, Bank of Nova Scotia, TD, Royal Bank, and, who have I missed, CIBC, of course, they are all cross-listed on US exchanges, so Americans can have easy access to this thesis. Jim Gillies has positions in Bank Of Nova Scotia, Constellation Software, National Bank Of Canada, Shopify, and Stella-Jones.
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2023-12-11 00:00:00 UTC
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AMD Stock Has Large Unusual Options Activity Today - AMD Is at a Peak
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https://www.nasdaq.com/articles/amd-stock-has-large-unusual-options-activity-today-amd-is-at-a-peak
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Advanced Micro Devices Inc (AMD) stock has had a large number of in-the-money put options traded today along with a large call option tranche. This could be from bullish investors who are hedging their bets on their AMD shares.
Or it could be from bearish investors who see that AMD stock is at a peak, believing it is due for a drop.
This action can be seen in Barchart's Unusual Stock Options Activity Report today. They indicate that many of these trades have had large volumes. They range from 42 to 63 times the option contracts that previously were outstanding at the strike prices of each tranche.
For example, there were over 22,400 put contracts traded at the $138 strike price. Since AMD stock is trading at $137.19 these contracts are already in-the-money (ITM). That means that whoever buys these puts will expect that the puts will be exercised.
The price of the puts was $2.37 per put, so the breakeven level is $138-$2.37, or $135.63. So, for the put option buyers of these contracts to make money, AMD stock has to fall another $1.56 before reaching breakeven.
AMD stock - Unusual Stock Options Activity Report - Barchart - Dec. 13, 2023
It is likely that a good portion of the AMD put option buyers may already be shareholders who are long AMD stock. They may be hedging their bets in case AMD stock falls further.
Note in the table above that all of the put contracts are ITM. That could also indicate that many of the put buyers are negative on the stock, at least in the short term.
One reason for this could be that AMD stock has recently risen and appears to be at a peak price. This can be seen in the Barchart chart below.
AMD chart - Barchart
It shows that AMD stock has risen from a recent low of $93.66 at the end of October (Oct. 26). It's now up over 46% in the past month and a half. That means that many traders may believe that the stock could cool, at least for the time being. That may also be a reason why there are so many put contracts being traded today, especially ones that are in the money.
So, what is going on with AMD that may have prompted this rise? Is it sustainable?
AMD Generates Large Free Cash Flow in Q3
Advanced Micro Devices produced strong revenue and earnings during Q3. Revenue was up 4% year-over-year (YoY) and 8% higher QoQ. Moreover, its earnings per share was 18 cents, compared to just 4 cents a year ago and just 2 cents last quarter.
In addition, the company said its free cash flow (FCF) was $297 million for the quarter. That works out to 5.1% of its Q3 revenue of $5.8 billion.
However, that FCF margin is paltry compared to Nvidia Corp's 38.8% Q3 FCF margin. I discussed this in my recent article on NVDA stock, “Nvidia Stock Is Off Its Highs but Has Huge Upside - Ideal for Put Option Short Sellers.”
I argued that even though NVDA stock was at a peak, it could go much higher based on its huge FCF.
This might not be the case with AMD stock unless it can significantly increase its FCF and FCF margins. That could be another reason why AMD stock is due for a hit, as put option buyers seem to believe.
The bottom line here is that investors might want to be careful with AMD stock. The huge volume in its near-term put options could bring additional pressure on a drop in the stock in the near term.
More Stock Market News from Barchart
Markets Today: Stocks Rise as U.S. Producer Prices Ease
This VIX Butterfly Spread has a 9 to 1 Reward to Risk Ratio
Stocks Tread Water Before the Open as Investors Await Fed Rate Decision and U.S. PPI Data
After Tripling in 2023, Is This Hot Penny Stock Still a Buy?
On the date of publication, Mark R. Hake, CFA did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AMD Generates Large Free Cash Flow in Q3 Advanced Micro Devices produced strong revenue and earnings during Q3. The huge volume in its near-term put options could bring additional pressure on a drop in the stock in the near term. On the date of publication, Mark R. Hake, CFA did not have (either directly or indirectly) positions in any of the securities mentioned in this article.
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Advanced Micro Devices Inc (AMD) stock has had a large number of in-the-money put options traded today along with a large call option tranche. AMD stock - Unusual Stock Options Activity Report - Barchart - Dec. 13, 2023 It is likely that a good portion of the AMD put option buyers may already be shareholders who are long AMD stock. AMD Generates Large Free Cash Flow in Q3 Advanced Micro Devices produced strong revenue and earnings during Q3.
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AMD stock - Unusual Stock Options Activity Report - Barchart - Dec. 13, 2023 It is likely that a good portion of the AMD put option buyers may already be shareholders who are long AMD stock. I discussed this in my recent article on NVDA stock, “Nvidia Stock Is Off Its Highs but Has Huge Upside - Ideal for Put Option Short Sellers.” I argued that even though NVDA stock was at a peak, it could go much higher based on its huge FCF. More Stock Market News from Barchart Markets Today: Stocks Rise as U.S. Producer Prices Ease This VIX Butterfly Spread has a 9 to 1 Reward to Risk Ratio Stocks Tread Water Before the Open as Investors Await Fed Rate Decision and U.S. PPI Data After Tripling in 2023, Is This Hot Penny Stock Still a Buy?
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Advanced Micro Devices Inc (AMD) stock has had a large number of in-the-money put options traded today along with a large call option tranche. So, for the put option buyers of these contracts to make money, AMD stock has to fall another $1.56 before reaching breakeven. That may also be a reason why there are so many put contracts being traded today, especially ones that are in the money.
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5be20c34-cbe2-45bb-a9c8-6e31ed33ea13
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713402.0
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2023-12-11 00:00:00 UTC
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Australian competition regulator approves Viva Energy acquisition of OTR Group
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https://www.nasdaq.com/articles/australian-competition-regulator-approves-viva-energy-acquisition-of-otr-group
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Updates throughout with details on regulator's comments
Dec 14 (Reuters) - The Australian competition regulator on Thursday approved Viva Energy's VEA.AX acquisition of convenience store operator On the Run (OTR Group) from Adelaide-based Peregrine Corp for A$1.15 billion ($765.90 million).
The Australian Competition and Consumer Commission's (ACCC) approval comes after a court enforceable undertaking by Viva Energy to divest 25 Coles Express sites in South Australia.
In May this year, Viva completed the acquisition of Coles Express convenience stores, strengthening its footprint nationwide compared to its rival Ampol Ltd ALD.AX.
The ACCC's review focused on areas in which the OTR Group and Viva's operations overlapped, which was predominantly in South Australia and the Northern Territory.
The regulator was concerned Viva's acquisition of OTR Group "would combine the largest retail fuel network in South Australia with Viva Energy's retail network", providing Viva Energy with an extended network significantly larger than its next largest rival.
To alleviate the concerns, Viva Energy will sell 25 Coles Express sites in South Australia to Chevron CVX.N, which the regulator has approved.
In exchange, Viva Energy will receive 13 Chevron sites located in Queensland, New South Wales and Western Australia, the regulator said.
"The ACCC considers that the undertaking given by Viva Energy will create a viable, effective, standalone, independent and long-term competitor," ACCC Commissioner Stephen Ridgeway said.
($1 = 1.5015 Australian dollars)
(Reporting by Sameer Manekar in Bengaluru; Editing by Krishna Chandra Eluri)
((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))
The views and 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 Australian Competition and Consumer Commission's (ACCC) approval comes after a court enforceable undertaking by Viva Energy to divest 25 Coles Express sites in South Australia. In May this year, Viva completed the acquisition of Coles Express convenience stores, strengthening its footprint nationwide compared to its rival Ampol Ltd ALD.AX. The ACCC's review focused on areas in which the OTR Group and Viva's operations overlapped, which was predominantly in South Australia and the Northern Territory.
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Updates throughout with details on regulator's comments Dec 14 (Reuters) - The Australian competition regulator on Thursday approved Viva Energy's VEA.AX acquisition of convenience store operator On the Run (OTR Group) from Adelaide-based Peregrine Corp for A$1.15 billion ($765.90 million). The regulator was concerned Viva's acquisition of OTR Group "would combine the largest retail fuel network in South Australia with Viva Energy's retail network", providing Viva Energy with an extended network significantly larger than its next largest rival. To alleviate the concerns, Viva Energy will sell 25 Coles Express sites in South Australia to Chevron CVX.N, which the regulator has approved.
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Updates throughout with details on regulator's comments Dec 14 (Reuters) - The Australian competition regulator on Thursday approved Viva Energy's VEA.AX acquisition of convenience store operator On the Run (OTR Group) from Adelaide-based Peregrine Corp for A$1.15 billion ($765.90 million). The Australian Competition and Consumer Commission's (ACCC) approval comes after a court enforceable undertaking by Viva Energy to divest 25 Coles Express sites in South Australia. The regulator was concerned Viva's acquisition of OTR Group "would combine the largest retail fuel network in South Australia with Viva Energy's retail network", providing Viva Energy with an extended network significantly larger than its next largest rival.
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Updates throughout with details on regulator's comments Dec 14 (Reuters) - The Australian competition regulator on Thursday approved Viva Energy's VEA.AX acquisition of convenience store operator On the Run (OTR Group) from Adelaide-based Peregrine Corp for A$1.15 billion ($765.90 million). The Australian Competition and Consumer Commission's (ACCC) approval comes after a court enforceable undertaking by Viva Energy to divest 25 Coles Express sites in South Australia. To alleviate the concerns, Viva Energy will sell 25 Coles Express sites in South Australia to Chevron CVX.N, which the regulator has approved.
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7afb71fe-e38b-4fef-a3ab-e9fa4ecb7509
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713403.0
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2023-12-11 00:00:00 UTC
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Why Farfetch Stock Is Soaring Today
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DCOMP
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https://www.nasdaq.com/articles/why-farfetch-stock-is-soaring-today
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Farfetch (NYSE: FTCH) stock is seeing big gains in Wednesday's trading. The company's share price was up 14.3% as of 2:15 p.m. ET, according to data from S&P Global Market Intelligence.
Farfetch stock is rebounding today following news that the struggling company could be on track to secure new sources of outside funding. Sky News published a report today announcing it had learned that Apollo Management could be interested in investing in the beaten-down e-commerce specialist. Sky News also said that other parties are potentially looking at providing funding for Farfetch.
Farfetch stock's volatile ride continues
Today's gains for Farfetch stock come on the heels of a massive crash at the beginning of the week following news that Moody's had downgraded the company's credit rating.
After the downgrade, Farfetch will likely have a harder time getting new loans through traditional channels. In turn, it makes sense for the struggling e-commerce player to seek new investment from outside sources in order to secure the funding it will need to continue operating.
If the company can secure new funding by taking on new debt or selling stock, it could be able stave off collapse and deliver strong returns for shareholders who buy at today's prices. But that's far from being a sure thing, and the penny stock is still down approximately 85% year to date.
What comes next for Farfetch stock?
Farfetch stock will likely continue to be highly volatile in the near term. With the company still burning cash, it faces the risk of bankruptcy.
According to reports, Farfetch needs to raise roughly $500 million in new funding. However, new capital infusions may not materialize.
If the e-commerce specialist can secure new funding, it's possible that it could stop the bleeding and orchestrate some kind of turnaround initiative. But as it stands, the company's outlook is fraught, and investors should proceed with the understanding that betting on continued recovery for its share price is a risky proposition.
Should you invest $1,000 in Farfetch right now?
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*Stock Advisor returns as of December 11, 2023
Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Moody's. The Motley Fool recommends Farfetch. 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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Sky News published a report today announcing it had learned that Apollo Management could be interested in investing in the beaten-down e-commerce specialist. If the company can secure new funding by taking on new debt or selling stock, it could be able stave off collapse and deliver strong returns for shareholders who buy at today's prices. But as it stands, the company's outlook is fraught, and investors should proceed with the understanding that betting on continued recovery for its share price is a risky proposition.
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Farfetch stock's volatile ride continues Today's gains for Farfetch stock come on the heels of a massive crash at the beginning of the week following news that Moody's had downgraded the company's credit rating. Before you buy stock in Farfetch, 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 Farfetch wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Keith Noonan has no position in any of the stocks mentioned.
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Farfetch stock's volatile ride continues Today's gains for Farfetch stock come on the heels of a massive crash at the beginning of the week following news that Moody's had downgraded the company's credit rating. Before you buy stock in Farfetch, 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 Farfetch wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Keith Noonan has no position in any of the stocks mentioned.
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Farfetch stock's volatile ride continues Today's gains for Farfetch stock come on the heels of a massive crash at the beginning of the week following news that Moody's had downgraded the company's credit rating. What comes next for Farfetch stock? Before you buy stock in Farfetch, 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 Farfetch wasn't one of them.
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1844d6d8-c33b-4388-ae81-8318e2460fe9
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713404.0
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2023-12-11 00:00:00 UTC
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Energy Sector Update for 12/13/2023: EQT, ENPH, EOSE, ARIS
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DCOMP
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https://www.nasdaq.com/articles/energy-sector-update-for-12-13-2023%3A-eqt-enph-eose-aris
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Energy stocks were higher late Wednesday afternoon, with the NYSE Energy Sector Index gaining 1.1% and the Energy Select Sector SPDR Fund (XLE) up 1.4%.
The Philadelphia Oil Service Sector Index climbed 2.4%, and the Dow Jones US Utilities Index jumped 3.5%.
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 rose 1.4% to $69.54 a barrel, while global benchmark Brent advanced 1.5% to $74.32 a barrel. Henry Hub natural gas futures rose 0.7% to $2.33 per 1 million BTU.
In corporate news, EQT (EQT) is considering the possibility of selling a portfolio of minority interests valued at more than $3 billion in wells located in the Marcellus shale formation in Pennsylvania, Reuters reported Wednesday. EQT shares rose 3%.
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 jumped 7.3%.
Aris Water Solutions (ARIS) shares spiked 9% after the company was initiated at buy by Seaport with a $15 price target.
Eos Energy Enterprises (EOSE) soared 34%, a day after saying it signed a memorandum of understanding with renewable energy company Pine Gate to expand their partnership in energy storage installations.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Henry Hub natural gas futures rose 0.7% to $2.33 per 1 million BTU. In corporate news, EQT (EQT) is considering the possibility of selling a portfolio of minority interests valued at more than $3 billion in wells located in the Marcellus shale formation in Pennsylvania, Reuters reported Wednesday. 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 were higher late Wednesday afternoon, with the NYSE Energy Sector Index gaining 1.1% and the Energy Select Sector SPDR Fund (XLE) up 1.4%. 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. EQT shares rose 3%.
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Energy stocks were higher late Wednesday afternoon, with the NYSE Energy Sector Index gaining 1.1% and the Energy Select Sector SPDR Fund (XLE) up 1.4%. 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) soared 34%, 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 were higher late Wednesday afternoon, with the NYSE Energy Sector Index gaining 1.1% and the Energy Select Sector SPDR Fund (XLE) up 1.4%. EQT shares rose 3%. The shares jumped 7.3%.
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91eb8196-f6e7-4ebf-85a3-12813ad1a76a
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713405.0
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2023-12-11 00:00:00 UTC
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Noteworthy Wednesday Option Activity: STNG, BBY, CLNE
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https://www.nasdaq.com/articles/noteworthy-wednesday-option-activity%3A-stng-bby-clne
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Scorpio Tankers Inc (Symbol: STNG), where a total volume of 5,613 contracts has been traded thus far today, a contract volume which is representative of approximately 561,300 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 72.8% of STNG's average daily trading volume over the past month, of 770,870 shares. Especially high volume was seen for the $50 strike call option expiring April 19, 2024, with 1,155 contracts trading so far today, representing approximately 115,500 underlying shares of STNG. Below is a chart showing STNG's trailing twelve month trading history, with the $50 strike highlighted in orange:
Best Buy Inc (Symbol: BBY) options are showing a volume of 25,898 contracts thus far today. That number of contracts represents approximately 2.6 million underlying shares, working out to a sizeable 71.9% of BBY's average daily trading volume over the past month, of 3.6 million shares. Especially high volume was seen for the $85 strike put option expiring December 15, 2023, with 3,310 contracts trading so far today, representing approximately 331,000 underlying shares of BBY. Below is a chart showing BBY's trailing twelve month trading history, with the $85 strike highlighted in orange:
And Clean Energy Fuels Corp (Symbol: CLNE) saw options trading volume of 12,510 contracts, representing approximately 1.3 million underlying shares or approximately 70.9% of CLNE's average daily trading volume over the past month, of 1.8 million shares. Particularly high volume was seen for the $4 strike call option expiring January 19, 2024, with 6,360 contracts trading so far today, representing approximately 636,000 underlying shares of CLNE. Below is a chart showing CLNE's trailing twelve month trading history, with the $4 strike highlighted in orange:
For the various different available expirations for STNG options, BBY options, or CLNE options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Dividend Aristocrats List
Top Ten Hedge Funds Holding KSA
WMB MACD
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $50 strike call option expiring April 19, 2024, with 1,155 contracts trading so far today, representing approximately 115,500 underlying shares of STNG. Especially high volume was seen for the $85 strike put option expiring December 15, 2023, with 3,310 contracts trading so far today, representing approximately 331,000 underlying shares of BBY. Particularly high volume was seen for the $4 strike call option expiring January 19, 2024, with 6,360 contracts trading so far today, representing approximately 636,000 underlying shares of CLNE.
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Below is a chart showing STNG's trailing twelve month trading history, with the $50 strike highlighted in orange: Best Buy Inc (Symbol: BBY) options are showing a volume of 25,898 contracts thus far today. Below is a chart showing BBY's trailing twelve month trading history, with the $85 strike highlighted in orange: And Clean Energy Fuels Corp (Symbol: CLNE) saw options trading volume of 12,510 contracts, representing approximately 1.3 million underlying shares or approximately 70.9% of CLNE's average daily trading volume over the past month, of 1.8 million shares. Below is a chart showing CLNE's trailing twelve month trading history, with the $4 strike highlighted in orange: For the various different available expirations for STNG options, BBY options, or CLNE options, visit StockOptionsChannel.com.
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Scorpio Tankers Inc (Symbol: STNG), where a total volume of 5,613 contracts has been traded thus far today, a contract volume which is representative of approximately 561,300 underlying shares (given that every 1 contract represents 100 underlying shares). Below is a chart showing BBY's trailing twelve month trading history, with the $85 strike highlighted in orange: And Clean Energy Fuels Corp (Symbol: CLNE) saw options trading volume of 12,510 contracts, representing approximately 1.3 million underlying shares or approximately 70.9% of CLNE's average daily trading volume over the past month, of 1.8 million shares. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $85 strike put option expiring December 15, 2023, with 3,310 contracts trading so far today, representing approximately 331,000 underlying shares of BBY. Below is a chart showing BBY's trailing twelve month trading history, with the $85 strike highlighted in orange: And Clean Energy Fuels Corp (Symbol: CLNE) saw options trading volume of 12,510 contracts, representing approximately 1.3 million underlying shares or approximately 70.9% of CLNE's average daily trading volume over the past month, of 1.8 million shares. Below is a chart showing CLNE's trailing twelve month trading history, with the $4 strike highlighted in orange: For the various different available expirations for STNG options, BBY options, or CLNE options, visit StockOptionsChannel.com.
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c292d365-6b44-4cb3-bbb2-90bbc6e01e6f
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713406.0
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2023-12-11 00:00:00 UTC
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Notable Wednesday Option Activity: C, SQ, OPI
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DCOMP
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https://www.nasdaq.com/articles/notable-wednesday-option-activity%3A-c-sq-opi
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nan
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Citigroup Inc (Symbol: C), where a total volume of 138,921 contracts has been traded thus far today, a contract volume which is representative of approximately 13.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 82.5% of C's average daily trading volume over the past month, of 16.8 million shares. Especially high volume was seen for the $48.50 strike call option expiring December 15, 2023, with 30,502 contracts trading so far today, representing approximately 3.1 million underlying shares of C. Below is a chart showing C's trailing twelve month trading history, with the $48.50 strike highlighted in orange:
Block Inc (Symbol: SQ) saw options trading volume of 89,959 contracts, representing approximately 9.0 million underlying shares or approximately 81.5% of SQ's average daily trading volume over the past month, of 11.0 million shares. Especially high volume was seen for the $70 strike call option expiring December 15, 2023, with 15,825 contracts trading so far today, representing approximately 1.6 million underlying shares of SQ. Below is a chart showing SQ's trailing twelve month trading history, with the $70 strike highlighted in orange:
And Office Properties Income Trust (Symbol: OPI) options are showing a volume of 6,577 contracts thus far today. That number of contracts represents approximately 657,700 underlying shares, working out to a sizeable 81.1% of OPI's average daily trading volume over the past month, of 810,845 shares. Especially high volume was seen for the $5 strike put option expiring March 15, 2024, with 4,298 contracts trading so far today, representing approximately 429,800 underlying shares of OPI. Below is a chart showing OPI's trailing twelve month trading history, with the $5 strike highlighted in orange:
For the various different available expirations for C options, SQ options, or OPI options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
LUNG market cap history
SEM Historical Stock Prices
AMZG Split History
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $70 strike call option expiring December 15, 2023, with 15,825 contracts trading so far today, representing approximately 1.6 million underlying shares of SQ. Especially high volume was seen for the $5 strike put option expiring March 15, 2024, with 4,298 contracts trading so far today, representing approximately 429,800 underlying shares of OPI. Today's Most Active Call & Put Options of the S&P 500 » Also see: LUNG market cap history SEM Historical Stock Prices AMZG Split History The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $48.50 strike call option expiring December 15, 2023, with 30,502 contracts trading so far today, representing approximately 3.1 million underlying shares of C. Below is a chart showing C's trailing twelve month trading history, with the $48.50 strike highlighted in orange: Block Inc (Symbol: SQ) saw options trading volume of 89,959 contracts, representing approximately 9.0 million underlying shares or approximately 81.5% of SQ's average daily trading volume over the past month, of 11.0 million shares. Especially high volume was seen for the $70 strike call option expiring December 15, 2023, with 15,825 contracts trading so far today, representing approximately 1.6 million underlying shares of SQ. Below is a chart showing SQ's trailing twelve month trading history, with the $70 strike highlighted in orange: And Office Properties Income Trust (Symbol: OPI) options are showing a volume of 6,577 contracts thus far today.
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Citigroup Inc (Symbol: C), where a total volume of 138,921 contracts has been traded thus far today, a contract volume which is representative of approximately 13.9 million underlying shares (given that every 1 contract represents 100 underlying shares). Especially high volume was seen for the $48.50 strike call option expiring December 15, 2023, with 30,502 contracts trading so far today, representing approximately 3.1 million underlying shares of C. Below is a chart showing C's trailing twelve month trading history, with the $48.50 strike highlighted in orange: Block Inc (Symbol: SQ) saw options trading volume of 89,959 contracts, representing approximately 9.0 million underlying shares or approximately 81.5% of SQ's average daily trading volume over the past month, of 11.0 million shares. Especially high volume was seen for the $70 strike call option expiring December 15, 2023, with 15,825 contracts trading so far today, representing approximately 1.6 million underlying shares of SQ.
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Especially high volume was seen for the $48.50 strike call option expiring December 15, 2023, with 30,502 contracts trading so far today, representing approximately 3.1 million underlying shares of C. Below is a chart showing C's trailing twelve month trading history, with the $48.50 strike highlighted in orange: Block Inc (Symbol: SQ) saw options trading volume of 89,959 contracts, representing approximately 9.0 million underlying shares or approximately 81.5% of SQ's average daily trading volume over the past month, of 11.0 million shares. That number of contracts represents approximately 657,700 underlying shares, working out to a sizeable 81.1% of OPI's average daily trading volume over the past month, of 810,845 shares. Below is a chart showing OPI's trailing twelve month trading history, with the $5 strike highlighted in orange: For the various different available expirations for C options, SQ options, or OPI options, visit StockOptionsChannel.com.
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acb4e002-4eaf-4c59-8d08-619bff991848
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713407.0
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2023-12-11 00:00:00 UTC
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Moderna, Merck Announce Follow-up Data From Phase 2b KEYNOTE-942/mRNA-4157-P201 Study
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DCOMP
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https://www.nasdaq.com/articles/moderna-merck-announce-follow-up-data-from-phase-2b-keynote-942-mrna-4157-p201-study
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(RTTNews) - Moderna, Inc. (MRNA) and Merck & Co., Inc. (MRK) Thursday announced follow-up data from the Phase 2b KEYNOTE-942/mRNA-4157-P201 study evaluating mRNA-4157 (V940), an investigational individualized neoantigen therapy, in combination with Merck's KEYTRUDA in patients with high-risk melanoma.
Follow-up data at three years show that mRNA-4157 (V940) in combination with KEYTRUDA continued to demonstrate a clinically meaningful improvement in recurrence-free survival, reducing the risk of recurrence or death by 49% compared with KEYTRUDA alone.
In July, Moderna and Merck had announced the initiation of a pivotal Phase 3 INTerpath-001 trial evaluating mRNA-4157 (V940) in combination with KEYTRUDA, as an adjuvant treatment in patients with high-risk melanoma. The companies have also started a Phase 3 trial in non-small cell lung cancer and plan to expand to additional tumor types.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Moderna, Inc. (MRNA) and Merck & Co., Inc. (MRK) Thursday announced follow-up data from the Phase 2b KEYNOTE-942/mRNA-4157-P201 study evaluating mRNA-4157 (V940), an investigational individualized neoantigen therapy, in combination with Merck's KEYTRUDA in patients with high-risk melanoma. In July, Moderna and Merck had announced the initiation of a pivotal Phase 3 INTerpath-001 trial evaluating mRNA-4157 (V940) in combination with KEYTRUDA, as an adjuvant treatment in patients with high-risk melanoma. The companies have also started a Phase 3 trial in non-small cell lung cancer and plan to expand to additional tumor types.
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(RTTNews) - Moderna, Inc. (MRNA) and Merck & Co., Inc. (MRK) Thursday announced follow-up data from the Phase 2b KEYNOTE-942/mRNA-4157-P201 study evaluating mRNA-4157 (V940), an investigational individualized neoantigen therapy, in combination with Merck's KEYTRUDA in patients with high-risk melanoma. Follow-up data at three years show that mRNA-4157 (V940) in combination with KEYTRUDA continued to demonstrate a clinically meaningful improvement in recurrence-free survival, reducing the risk of recurrence or death by 49% compared with KEYTRUDA alone. In July, Moderna and Merck had announced the initiation of a pivotal Phase 3 INTerpath-001 trial evaluating mRNA-4157 (V940) in combination with KEYTRUDA, as an adjuvant treatment in patients with high-risk melanoma.
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(RTTNews) - Moderna, Inc. (MRNA) and Merck & Co., Inc. (MRK) Thursday announced follow-up data from the Phase 2b KEYNOTE-942/mRNA-4157-P201 study evaluating mRNA-4157 (V940), an investigational individualized neoantigen therapy, in combination with Merck's KEYTRUDA in patients with high-risk melanoma. In July, Moderna and Merck had announced the initiation of a pivotal Phase 3 INTerpath-001 trial evaluating mRNA-4157 (V940) in combination with KEYTRUDA, as an adjuvant treatment in patients with high-risk melanoma. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Moderna, Inc. (MRNA) and Merck & Co., Inc. (MRK) Thursday announced follow-up data from the Phase 2b KEYNOTE-942/mRNA-4157-P201 study evaluating mRNA-4157 (V940), an investigational individualized neoantigen therapy, in combination with Merck's KEYTRUDA in patients with high-risk melanoma. Follow-up data at three years show that mRNA-4157 (V940) in combination with KEYTRUDA continued to demonstrate a clinically meaningful improvement in recurrence-free survival, reducing the risk of recurrence or death by 49% compared with KEYTRUDA alone. In July, Moderna and Merck had announced the initiation of a pivotal Phase 3 INTerpath-001 trial evaluating mRNA-4157 (V940) in combination with KEYTRUDA, as an adjuvant treatment in patients with high-risk melanoma.
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af69e7a5-aa6c-452b-b486-d9d4784725da
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713408.0
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2023-12-11 00:00:00 UTC
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Cash Dividend On The Way From Gladstone Commercial Corp's 7.50% Series B Cumulative Redeemable Preferred Stock
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DCOMP
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https://www.nasdaq.com/articles/cash-dividend-on-the-way-from-gladstone-commercial-corps-7.50-series-b-cumulative-3
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On 12/15/23, Gladstone Commercial Corp's 7.50% Series B Cumulative Redeemable Preferred Stock (Symbol: GOODO) will trade ex-dividend, for its monthly dividend of $0.125, payable on 12/29/23. As a percentage of GOODO's recent share price of $18.71, this dividend works out to approximately 0.67%, so look for shares of GOODO to trade 0.67% lower — all else being equal — when GOODO shares open for trading on 12/15/23. On an annualized basis, the current yield is approximately 7.99%, 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 GOODO shares, versus GOOD:
Below is a dividend history chart for GOODO, showing historical dividends prior to the most recent $0.125 on Gladstone Commercial Corp's 7.50% Series B Cumulative Redeemable Preferred Stock:
Free Report: Top 8%+ Dividends (paid monthly)
In Wednesday trading, Gladstone Commercial Corp's 7.50% Series B Cumulative Redeemable Preferred Stock (Symbol: GOODO) is currently down about 0.3% on the day, while the common shares (Symbol: GOOD) are off about 0.4%.
Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »
Also see:
ROIAK Historical Stock Prices
Funds Holding HYLD
Top Ten Hedge Funds Holding WEAT
The views and 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 Commercial Corp's 7.50% Series B Cumulative Redeemable Preferred Stock (Symbol: GOODO) 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 GOODO shares, versus GOOD: Below is a dividend history chart for GOODO, showing historical dividends prior to the most recent $0.125 on Gladstone Commercial Corp's 7.50% Series B Cumulative Redeemable Preferred Stock: Free Report: Top 8%+ Dividends (paid monthly) In Wednesday trading, Gladstone Commercial Corp's 7.50% Series B Cumulative Redeemable Preferred Stock (Symbol: GOODO) is currently down about 0.3% on the day, while the common shares (Symbol: GOOD) are off about 0.4%. dividend stocks also have preferred shares that should be on your radar screen » Also see: ROIAK Historical Stock Prices Funds Holding HYLD Top Ten Hedge Funds Holding WEAT The views and 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 Commercial Corp's 7.50% Series B Cumulative Redeemable Preferred Stock (Symbol: GOODO) 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 GOODO shares, versus GOOD: Below is a dividend history chart for GOODO, showing historical dividends prior to the most recent $0.125 on Gladstone Commercial Corp's 7.50% Series B Cumulative Redeemable Preferred Stock: Free Report: Top 8%+ Dividends (paid monthly) In Wednesday trading, Gladstone Commercial Corp's 7.50% Series B Cumulative Redeemable Preferred Stock (Symbol: GOODO) is currently down about 0.3% on the day, while the common shares (Symbol: GOOD) are off about 0.4%. dividend stocks also have preferred shares that should be on your radar screen » Also see: ROIAK Historical Stock Prices Funds Holding HYLD Top Ten Hedge Funds Holding WEAT The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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As a percentage of GOODO's recent share price of $18.71, this dividend works out to approximately 0.67%, so look for shares of GOODO to trade 0.67% lower — all else being equal — when GOODO shares open for trading on 12/15/23. The chart below shows the one year performance of GOODO shares, versus GOOD: Below is a dividend history chart for GOODO, showing historical dividends prior to the most recent $0.125 on Gladstone Commercial Corp's 7.50% Series B Cumulative Redeemable Preferred Stock: Free Report: Top 8%+ Dividends (paid monthly) In Wednesday trading, Gladstone Commercial Corp's 7.50% Series B Cumulative Redeemable Preferred Stock (Symbol: GOODO) is currently down about 0.3% on the day, while the common shares (Symbol: GOOD) are off about 0.4%. Click here to learn which S.A.F.E.
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On an annualized basis, the current yield is approximately 7.99%, 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 GOODO shares, versus GOOD: Below is a dividend history chart for GOODO, showing historical dividends prior to the most recent $0.125 on Gladstone Commercial Corp's 7.50% Series B Cumulative Redeemable Preferred Stock: Free Report: Top 8%+ Dividends (paid monthly) In Wednesday trading, Gladstone Commercial Corp's 7.50% Series B Cumulative Redeemable Preferred Stock (Symbol: GOODO) is currently down about 0.3% on the day, while the common shares (Symbol: GOOD) are off about 0.4%. Click here to learn which S.A.F.E.
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354a2235-1ac1-4b01-9fba-80e9ea033ccc
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713409.0
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2023-12-11 00:00:00 UTC
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Technology Sector Update for 12/13/2023: AAPL, TTWO, META
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DCOMP
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https://www.nasdaq.com/articles/technology-sector-update-for-12-13-2023%3A-aapl-ttwo-meta
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nan
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nan
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Tech stocks were mixed Wednesday afternoon with the Technology Select Sector SPDR Fund (XLK) up 0.1% and the SPDR S&P Semiconductor ETF (XSD) down 0.8%.
The Philadelphia Semiconductor index fell 0.3%.
In corporate news, Apple (AAPL) supplier Foxconn received approval to invest at least $1 billion more in a plant in India that will make Apple products, Bloomberg News reported Wednesday. Apple shares rose 1.1%.
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 2.9%.
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 mixed Wednesday afternoon with the Technology Select Sector SPDR Fund (XLK) up 0.1% and the SPDR S&P Semiconductor ETF (XSD) down 0.8%. In corporate news, Apple (AAPL) supplier Foxconn received approval to invest at least $1 billion more in a plant in India that will make Apple products, Bloomberg News 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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The Philadelphia Semiconductor index fell 0.3%. In corporate news, Apple (AAPL) supplier Foxconn received approval to invest at least $1 billion more in a plant in India that will make Apple products, Bloomberg News reported Wednesday. Apple shares rose 1.1%.
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Tech stocks were mixed Wednesday afternoon with the Technology Select Sector SPDR Fund (XLK) up 0.1% and the SPDR S&P Semiconductor ETF (XSD) down 0.8%. In corporate news, Apple (AAPL) supplier Foxconn received approval to invest at least $1 billion more in a plant in India that will make Apple products, Bloomberg News 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 mixed Wednesday afternoon with the Technology Select Sector SPDR Fund (XLK) up 0.1% and the SPDR S&P Semiconductor ETF (XSD) down 0.8%. Apple shares rose 1.1%. 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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2d503a4b-1537-409a-8379-59ce13a2632b
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713410.0
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2023-12-11 00:00:00 UTC
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Health Care Sector Update for 12/13/2023: VRTX, PFE, LIVN
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DCOMP
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https://www.nasdaq.com/articles/health-care-sector-update-for-12-13-2023%3A-vrtx-pfe-livn
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nan
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Health care stocks were advancing Wednesday afternoon, with the NYSE Health Care Index adding 0.4% and the Health Care Select Sector SPDR Fund (XLV) up 0.5%.
The iShares Biotechnology ETF (IBB) gained 1.2%.
In corporate news, Vertex Pharmaceuticals (VRTX) shares jumped 12% after it said Wednesday that a phase 2 study of VX-548 to treat patients with diabetic peripheral neuropathy resulted in a "statistically significant and clinically meaningful reduction in the primary endpoint" of change from baseline in the weekly average of daily pain intensity.
Pfizer (PFE) tumbled 7.9% after the company said it expected 2024 adjusted earnings of $2.05 to $2.25 per diluted share on revenue of $58.5 billion to $61.5 billion. Analysts polled by Capital IQ projected adjusted EPS of $3.17 on revenue of $63.18 billion.
LivaNova (LIVN) said in a Wednesday filing that all of its manufacturing sites globally are now operating substantially at normal levels following the cybersecurity incident disclosed in November. Its shares rose 4.7%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In corporate news, Vertex Pharmaceuticals (VRTX) shares jumped 12% after it said Wednesday that a phase 2 study of VX-548 to treat patients with diabetic peripheral neuropathy resulted in a "statistically significant and clinically meaningful reduction in the primary endpoint" of change from baseline in the weekly average of daily pain intensity. Analysts polled by Capital IQ projected adjusted EPS of $3.17 on revenue of $63.18 billion. LivaNova (LIVN) said in a Wednesday filing that all of its manufacturing sites globally are now operating substantially at normal levels following the cybersecurity incident disclosed in November.
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Health care stocks were advancing Wednesday afternoon, with the NYSE Health Care Index adding 0.4% and the Health Care Select Sector SPDR Fund (XLV) up 0.5%. Pfizer (PFE) tumbled 7.9% after the company said it expected 2024 adjusted earnings of $2.05 to $2.25 per diluted share on revenue of $58.5 billion to $61.5 billion. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Health care stocks were advancing Wednesday afternoon, with the NYSE Health Care Index adding 0.4% and the Health Care Select Sector SPDR Fund (XLV) up 0.5%. In corporate news, Vertex Pharmaceuticals (VRTX) shares jumped 12% after it said Wednesday that a phase 2 study of VX-548 to treat patients with diabetic peripheral neuropathy resulted in a "statistically significant and clinically meaningful reduction in the primary endpoint" of change from baseline in the weekly average of daily pain intensity. Pfizer (PFE) tumbled 7.9% after the company said it expected 2024 adjusted earnings of $2.05 to $2.25 per diluted share on revenue of $58.5 billion to $61.5 billion.
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Health care stocks were advancing Wednesday afternoon, with the NYSE Health Care Index adding 0.4% and the Health Care Select Sector SPDR Fund (XLV) up 0.5%. The iShares Biotechnology ETF (IBB) gained 1.2%. In corporate news, Vertex Pharmaceuticals (VRTX) shares jumped 12% after it said Wednesday that a phase 2 study of VX-548 to treat patients with diabetic peripheral neuropathy resulted in a "statistically significant and clinically meaningful reduction in the primary endpoint" of change from baseline in the weekly average of daily pain intensity.
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c102d4cf-945a-4123-9373-ddd41b8e2924
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713411.0
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2023-12-11 00:00:00 UTC
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3 Stocks to Buy on Any 2023 Pullback to Ride Into a 2024 Rally
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DCOMP
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https://www.nasdaq.com/articles/3-stocks-to-buy-on-any-2023-pullback-to-ride-into-a-2024-rally
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Looking ahead to 2024, conditions appear to favor a continued rally in the stock market. Inflation keeps falling, the economy remains strong, bond yields are in decline, and the U.S. Federal Reserve could begin lowering interest rates as soon as March. There are also growing expectations that we’ll achieve the hoped-for “soft landing,” where the Fed manages to bring inflation under control without tipping the economy into a recession.
All of this makes it increasingly likely the stock market rally that occurred in 2023 will continue into the new year and may even accelerate. While some economists and market commentators continue to warn of a recession, there’s no evidence of one yet. In fact, the latest data showed the U.S. gross domestic product (GDP) grew at a very strong 5.2% annualized rate in this year’s third quarter. The year ahead could be a strong one for the market, and investors should prepare their portfolios now as we approach the year’s end. Here are three stocks to buy for a 2024 rally.
Oracle (ORCL)
Source: Jonathan Weiss / Shutterstock.com
There’s a big pullback of Oracle (NYSE:ORCL) stock right now that investors should take advantage of before we get into a 2024 rally. After running up nearly 40% in 2023, ORCL stock dropped 13% after the software company reported quarterly revenue that missed Wall Street targets. Oracle announced earnings per share (EPS) of $1.34 compared to $1.32 expected. However, revenue in what was Oracle’s fiscal second quarter came in at $12.94 billion versus $13.05 billion anticipated.
For fiscal Q2, Oracle reported revenue came up short in three of its operating segments. The forward guidance provided by the company was also softer than what Wall Street expected. The disappointing print has ORCL stock pulling back hard, and investors should take advantage. The company stressed that revenue in its cloud infrastructure unit reached $1.60 billion during the latest quarter, up 52% from a year ago. Oracle also said it continues to pick up cloud business from rival Microsoft (NASDAQ:MSFT).
Over the past five years, ORCL stock has increased 116%.
HP (HPQ)
Source: Shutterstock
The stock of personal computer (PC) maker HP (NYSE:HPQ) has been slumping lately on news that legendary investor Warren Buffett continues to sell his stake in the company. Since September, Buffett has reduced his stake in HPQ stock to 5.2% from about 10%. Buffett initially took a position in HP back in April 2022. However, the investment hasn’t been profitable as the stock is trading today below the level where Buffett first bought it.
However, Buffett still owns 51.5 million shares of HPQ stock worth about $1.6 billion, and he remains the third-largest institutional shareholder of HP behind BlackRock (NYSE:BLK) and Vanguard. Also, analysts at Morgan Stanley (NYSE:MS) just upgraded HPQ stock to a Buy equivalent rating from Hold and raised their price target on the shares to $35 from $31. Morgan Stanley said in a note to clients that it thinks HP’s stock is underappreciated, and they expect a rebound in 2024.
HPQ stock is up 13% in 2023 and has gained 37% over the past five years.
BlackBerry (BB)
Source: BlackBerry
Two pieces of news from BlackBerry (NYSE:BB) provide hope for the year ahead. First, the company named a new CEO John Giamatteo, a long-time company insider. Second, BlackBerry canceled the initial public offering (IPO) for its Internet of Things (IoT) business unit planned for summer 2024. Giamatteo’s appointment comes after the abrupt departure of former CEO John Chen in November.
Earlier this year, BlackBerry announced plans to divide its cybersecurity unit from its IoT business and take the IoT unit public through an initial public offering. However, the company now says while it still plans to separate the IoT and cybersecurity businesses, it no longer plans to pursue an IPO in the coming year. BlackBerry has struggled for more than a decade to transition from its original business of making smartphones to becoming a cybersecurity and IoT company.
That struggle led BB stock to pull back hard in recent years. The company’s share price is down 8% over the last year and down 47% through five years. At $4 a share, it’s now a penny stock. But there’s hope for a recovery in 2024. There are also rumors the company could be sold.
On the date of publication, Joel Baglole held a long position in MSFT. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia.
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The post 3 Stocks to Buy on Any 2023 Pullback to Ride Into a 2024 Rally 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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Source: Shutterstock The stock of personal computer (PC) maker HP (NYSE:HPQ) has been slumping lately on news that legendary investor Warren Buffett continues to sell his stake in the company. However, Buffett still owns 51.5 million shares of HPQ stock worth about $1.6 billion, and he remains the third-largest institutional shareholder of HP behind BlackRock (NYSE:BLK) and Vanguard. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Looking ahead to 2024, conditions appear to favor a continued rally in the stock market. BlackBerry (BB) Source: BlackBerry Two pieces of news from BlackBerry (NYSE:BB) provide hope for the year ahead. Earlier this year, BlackBerry announced plans to divide its cybersecurity unit from its IoT business and take the IoT unit public through an initial public offering.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Looking ahead to 2024, conditions appear to favor a continued rally in the stock market. Source: Shutterstock The stock of personal computer (PC) maker HP (NYSE:HPQ) has been slumping lately on news that legendary investor Warren Buffett continues to sell his stake in the company. Earlier this year, BlackBerry announced plans to divide its cybersecurity unit from its IoT business and take the IoT unit public through an initial public offering.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Looking ahead to 2024, conditions appear to favor a continued rally in the stock market. Oracle (ORCL) Source: Jonathan Weiss / Shutterstock.com There’s a big pullback of Oracle (NYSE:ORCL) stock right now that investors should take advantage of before we get into a 2024 rally. The company’s share price is down 8% over the last year and down 47% through five years.
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3edf718a-2870-4629-96ab-a825cac22ae2
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713412.0
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2023-12-11 00:00:00 UTC
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Wednesday 12/13 Insider Buying Report: HG, AXR
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DCOMP
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https://www.nasdaq.com/articles/wednesday-12-13-insider-buying-report%3A-hg-axr
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nan
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Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
At Hamilton Insurance Group, a filing with the SEC revealed that on Monday, John J. Gauthier bought 10,000 shares of HG, for a cost of $15.41 each, for a total investment of $154,145. Hamilton Insurance Group is trading off about 0.7% on the day Wednesday. This buy marks the first one filed by Gauthier in the past year.
And on Friday, James H. Dahl purchased $122,539 worth of AMREP, purchasing 6,352 shares at a cost of $19.29 each. Before this latest buy, Dahl purchased AXR at 3 other times during the past year, for a total investment of $486,297 at an average of $15.22 per share. AMREP is trading down about 0.5% on the day Wednesday. Dahl was up about 6.3% on the buy at the high point of today's trading session, with AXR trading as high as $20.51 at last check today.
VIDEO: Wednesday 12/13 Insider Buying Report: HG, AXR
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money. At Hamilton Insurance Group, a filing with the SEC revealed that on Monday, John J. Gauthier bought 10,000 shares of HG, for a cost of $15.41 each, for a total investment of $154,145. Before this latest buy, Dahl purchased AXR at 3 other times during the past year, for a total investment of $486,297 at an average of $15.22 per share.
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And on Friday, James H. Dahl purchased $122,539 worth of AMREP, purchasing 6,352 shares at a cost of $19.29 each. Before this latest buy, Dahl purchased AXR at 3 other times during the past year, for a total investment of $486,297 at an average of $15.22 per share. VIDEO: Wednesday 12/13 Insider Buying Report: HG, AXR The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money. Before this latest buy, Dahl purchased AXR at 3 other times during the past year, for a total investment of $486,297 at an average of $15.22 per share. Dahl was up about 6.3% on the buy at the high point of today's trading session, with AXR trading as high as $20.51 at last check today.
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At Hamilton Insurance Group, a filing with the SEC revealed that on Monday, John J. Gauthier bought 10,000 shares of HG, for a cost of $15.41 each, for a total investment of $154,145. Before this latest buy, Dahl purchased AXR at 3 other times during the past year, for a total investment of $486,297 at an average of $15.22 per share. Dahl was up about 6.3% on the buy at the high point of today's trading session, with AXR trading as high as $20.51 at last check today.
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9a1489be-656c-4100-b12c-59d954ddcf5b
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713413.0
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2023-12-11 00:00:00 UTC
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Notable Wednesday Option Activity: CALM, NVDA, MSTR
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DCOMP
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https://www.nasdaq.com/articles/notable-wednesday-option-activity%3A-calm-nvda-mstr
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nan
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Cal-Maine Foods Inc (Symbol: CALM), where a total volume of 17,789 contracts has been traded thus far today, a contract volume which is representative of approximately 1.8 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 235.8% of CALM's average daily trading volume over the past month, of 754,335 shares. Particularly high volume was seen for the $52.50 strike call option expiring December 15, 2023, with 6,985 contracts trading so far today, representing approximately 698,500 underlying shares of CALM. Below is a chart showing CALM's trailing twelve month trading history, with the $52.50 strike highlighted in orange:
NVIDIA Corp (Symbol: NVDA) options are showing a volume of 986,237 contracts thus far today. That number of contracts represents approximately 98.6 million underlying shares, working out to a sizeable 229.7% of NVDA's average daily trading volume over the past month, of 42.9 million shares. Especially high volume was seen for the $500 strike call option expiring December 15, 2023, with 63,039 contracts trading so far today, representing approximately 6.3 million underlying shares of NVDA. Below is a chart showing NVDA's trailing twelve month trading history, with the $500 strike highlighted in orange:
And MicroStrategy Inc. (Symbol: MSTR) options are showing a volume of 19,404 contracts thus far today. That number of contracts represents approximately 1.9 million underlying shares, working out to a sizeable 185% of MSTR's average daily trading volume over the past month, of 1.0 million shares. Especially high volume was seen for the $600 strike call option expiring December 15, 2023, with 795 contracts trading so far today, representing approximately 79,500 underlying shares of MSTR. Below is a chart showing MSTR's trailing twelve month trading history, with the $600 strike highlighted in orange:
For the various different available expirations for CALM options, NVDA options, or MSTR options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Construction Dividend Stocks
BAOB Videos
AXS Average Annual Return
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly high volume was seen for the $52.50 strike call option expiring December 15, 2023, with 6,985 contracts trading so far today, representing approximately 698,500 underlying shares of CALM. Especially high volume was seen for the $500 strike call option expiring December 15, 2023, with 63,039 contracts trading so far today, representing approximately 6.3 million underlying shares of NVDA. Especially high volume was seen for the $600 strike call option expiring December 15, 2023, with 795 contracts trading so far today, representing approximately 79,500 underlying shares of MSTR.
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Below is a chart showing CALM's trailing twelve month trading history, with the $52.50 strike highlighted in orange: NVIDIA Corp (Symbol: NVDA) options are showing a volume of 986,237 contracts thus far today. That number of contracts represents approximately 98.6 million underlying shares, working out to a sizeable 229.7% of NVDA's average daily trading volume over the past month, of 42.9 million shares. That number of contracts represents approximately 1.9 million underlying shares, working out to a sizeable 185% of MSTR's average daily trading volume over the past month, of 1.0 million shares.
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Cal-Maine Foods Inc (Symbol: CALM), where a total volume of 17,789 contracts has been traded thus far today, a contract volume which is representative of approximately 1.8 million underlying shares (given that every 1 contract represents 100 underlying shares). That number of contracts represents approximately 98.6 million underlying shares, working out to a sizeable 229.7% of NVDA's average daily trading volume over the past month, of 42.9 million shares. That number of contracts represents approximately 1.9 million underlying shares, working out to a sizeable 185% of MSTR's average daily trading volume over the past month, of 1.0 million shares.
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That number of contracts represents approximately 1.9 million underlying shares, working out to a sizeable 185% of MSTR's average daily trading volume over the past month, of 1.0 million shares. Especially high volume was seen for the $600 strike call option expiring December 15, 2023, with 795 contracts trading so far today, representing approximately 79,500 underlying shares of MSTR. Below is a chart showing MSTR's trailing twelve month trading history, with the $600 strike highlighted in orange: For the various different available expirations for CALM options, NVDA options, or MSTR options, visit StockOptionsChannel.com.
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942a3c46-47e6-4a0d-a8fb-29ef349a4444
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713414.0
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2023-12-11 00:00:00 UTC
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Notable Wednesday Option Activity: Z, MDB, GILD
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DCOMP
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https://www.nasdaq.com/articles/notable-wednesday-option-activity%3A-z-mdb-gild
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nan
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Zillow Group Inc (Symbol: Z), where a total volume of 38,440 contracts has been traded thus far today, a contract volume which is representative of approximately 3.8 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 105.7% of Z's average daily trading volume over the past month, of 3.6 million shares. Especially high volume was seen for the $40 strike put option expiring January 19, 2024, with 3,543 contracts trading so far today, representing approximately 354,300 underlying shares of Z. Below is a chart showing Z's trailing twelve month trading history, with the $40 strike highlighted in orange:
MongoDB Inc (Symbol: MDB) options are showing a volume of 20,822 contracts thus far today. That number of contracts represents approximately 2.1 million underlying shares, working out to a sizeable 104.9% of MDB's average daily trading volume over the past month, of 2.0 million shares. Particularly high volume was seen for the $420 strike call option expiring December 15, 2023, with 837 contracts trading so far today, representing approximately 83,700 underlying shares of MDB. Below is a chart showing MDB's trailing twelve month trading history, with the $420 strike highlighted in orange:
And Gilead Sciences Inc (Symbol: GILD) saw options trading volume of 62,962 contracts, representing approximately 6.3 million underlying shares or approximately 98.6% of GILD's average daily trading volume over the past month, of 6.4 million shares. Especially high volume was seen for the $62.50 strike call option expiring January 19, 2024, with 19,200 contracts trading so far today, representing approximately 1.9 million underlying shares of GILD. Below is a chart showing GILD's trailing twelve month trading history, with the $62.50 strike highlighted in orange:
For the various different available expirations for Z options, MDB options, or GILD options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
URZ Options Chain
ADT Stock Predictions
Top Ten Hedge Funds Holding MLEC
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $40 strike put option expiring January 19, 2024, with 3,543 contracts trading so far today, representing approximately 354,300 underlying shares of Z. Particularly high volume was seen for the $420 strike call option expiring December 15, 2023, with 837 contracts trading so far today, representing approximately 83,700 underlying shares of MDB. Especially high volume was seen for the $62.50 strike call option expiring January 19, 2024, with 19,200 contracts trading so far today, representing approximately 1.9 million underlying shares of GILD.
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Below is a chart showing Z's trailing twelve month trading history, with the $40 strike highlighted in orange: MongoDB Inc (Symbol: MDB) options are showing a volume of 20,822 contracts thus far today. Below is a chart showing MDB's trailing twelve month trading history, with the $420 strike highlighted in orange: And Gilead Sciences Inc (Symbol: GILD) saw options trading volume of 62,962 contracts, representing approximately 6.3 million underlying shares or approximately 98.6% of GILD's average daily trading volume over the past month, of 6.4 million shares. Especially high volume was seen for the $62.50 strike call option expiring January 19, 2024, with 19,200 contracts trading so far today, representing approximately 1.9 million underlying shares of GILD.
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Zillow Group Inc (Symbol: Z), where a total volume of 38,440 contracts has been traded thus far today, a contract volume which is representative of approximately 3.8 million underlying shares (given that every 1 contract represents 100 underlying shares). Below is a chart showing MDB's trailing twelve month trading history, with the $420 strike highlighted in orange: And Gilead Sciences Inc (Symbol: GILD) saw options trading volume of 62,962 contracts, representing approximately 6.3 million underlying shares or approximately 98.6% of GILD's average daily trading volume over the past month, of 6.4 million shares. Especially high volume was seen for the $62.50 strike call option expiring January 19, 2024, with 19,200 contracts trading so far today, representing approximately 1.9 million underlying shares of GILD.
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That number of contracts represents approximately 2.1 million underlying shares, working out to a sizeable 104.9% of MDB's average daily trading volume over the past month, of 2.0 million shares. Below is a chart showing MDB's trailing twelve month trading history, with the $420 strike highlighted in orange: And Gilead Sciences Inc (Symbol: GILD) saw options trading volume of 62,962 contracts, representing approximately 6.3 million underlying shares or approximately 98.6% of GILD's average daily trading volume over the past month, of 6.4 million shares. Especially high volume was seen for the $62.50 strike call option expiring January 19, 2024, with 19,200 contracts trading so far today, representing approximately 1.9 million underlying shares of GILD.
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38f60e92-91b1-4ae6-b4a0-9183c24e836c
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713415.0
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2023-12-11 00:00:00 UTC
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Noteworthy Wednesday Option Activity: MSFT, DOMO, CMA
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DCOMP
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https://www.nasdaq.com/articles/noteworthy-wednesday-option-activity%3A-msft-domo-cma
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nan
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nan
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Microsoft Corporation (Symbol: MSFT), where a total volume of 293,855 contracts has been traded thus far today, a contract volume which is representative of approximately 29.4 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 108.1% of MSFT's average daily trading volume over the past month, of 27.2 million shares. Especially high volume was seen for the $375 strike call option expiring December 15, 2023, with 22,578 contracts trading so far today, representing approximately 2.3 million underlying shares of MSFT. Below is a chart showing MSFT's trailing twelve month trading history, with the $375 strike highlighted in orange:
Domo Inc (Symbol: DOMO) options are showing a volume of 5,068 contracts thus far today. That number of contracts represents approximately 506,800 underlying shares, working out to a sizeable 107.7% of DOMO's average daily trading volume over the past month, of 470,500 shares. Especially high volume was seen for the $7 strike put option expiring February 16, 2024, with 4,558 contracts trading so far today, representing approximately 455,800 underlying shares of DOMO. Below is a chart showing DOMO's trailing twelve month trading history, with the $7 strike highlighted in orange:
And Comerica, Inc. (Symbol: CMA) saw options trading volume of 19,999 contracts, representing approximately 2.0 million underlying shares or approximately 106% of CMA's average daily trading volume over the past month, of 1.9 million shares. Especially high volume was seen for the $40 strike call option expiring January 19, 2024, with 4,480 contracts trading so far today, representing approximately 448,000 underlying shares of CMA. Below is a chart showing CMA's trailing twelve month trading history, with the $40 strike highlighted in orange:
For the various different available expirations for MSFT options, DOMO options, or CMA options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Mergers and Acquisitions
Institutional Holders of PBCP
VOXX 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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Especially high volume was seen for the $375 strike call option expiring December 15, 2023, with 22,578 contracts trading so far today, representing approximately 2.3 million underlying shares of MSFT. Especially high volume was seen for the $7 strike put option expiring February 16, 2024, with 4,558 contracts trading so far today, representing approximately 455,800 underlying shares of DOMO. Especially high volume was seen for the $40 strike call option expiring January 19, 2024, with 4,480 contracts trading so far today, representing approximately 448,000 underlying shares of CMA.
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Microsoft Corporation (Symbol: MSFT), where a total volume of 293,855 contracts has been traded thus far today, a contract volume which is representative of approximately 29.4 million underlying shares (given that every 1 contract represents 100 underlying shares). Below is a chart showing MSFT's trailing twelve month trading history, with the $375 strike highlighted in orange: Domo Inc (Symbol: DOMO) options are showing a volume of 5,068 contracts thus far today. Below is a chart showing DOMO's trailing twelve month trading history, with the $7 strike highlighted in orange: And Comerica, Inc. (Symbol: CMA) saw options trading volume of 19,999 contracts, representing approximately 2.0 million underlying shares or approximately 106% of CMA's average daily trading volume over the past month, of 1.9 million shares.
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Microsoft Corporation (Symbol: MSFT), where a total volume of 293,855 contracts has been traded thus far today, a contract volume which is representative of approximately 29.4 million underlying shares (given that every 1 contract represents 100 underlying shares). Especially high volume was seen for the $375 strike call option expiring December 15, 2023, with 22,578 contracts trading so far today, representing approximately 2.3 million underlying shares of MSFT. Below is a chart showing DOMO's trailing twelve month trading history, with the $7 strike highlighted in orange: And Comerica, Inc. (Symbol: CMA) saw options trading volume of 19,999 contracts, representing approximately 2.0 million underlying shares or approximately 106% of CMA's average daily trading volume over the past month, of 1.9 million shares.
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Especially high volume was seen for the $375 strike call option expiring December 15, 2023, with 22,578 contracts trading so far today, representing approximately 2.3 million underlying shares of MSFT. Below is a chart showing DOMO's trailing twelve month trading history, with the $7 strike highlighted in orange: And Comerica, Inc. (Symbol: CMA) saw options trading volume of 19,999 contracts, representing approximately 2.0 million underlying shares or approximately 106% of CMA's average daily trading volume over the past month, of 1.9 million shares. Especially high volume was seen for the $40 strike call option expiring January 19, 2024, with 4,480 contracts trading so far today, representing approximately 448,000 underlying shares of CMA.
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226513fd-ea5e-4285-905e-1a40d8cb5c92
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713416.0
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2023-12-11 00:00:00 UTC
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Noteworthy Wednesday Option Activity: NFLX, CMG, BKNG
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DCOMP
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https://www.nasdaq.com/articles/noteworthy-wednesday-option-activity%3A-nflx-cmg-bkng
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nan
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nan
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Netflix Inc (Symbol: NFLX), where a total volume of 177,150 contracts has been traded thus far today, a contract volume which is representative of approximately 17.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 489.9% of NFLX's average daily trading volume over the past month, of 3.6 million shares. Especially high volume was seen for the $480 strike call option expiring December 15, 2023, with 10,900 contracts trading so far today, representing approximately 1.1 million underlying shares of NFLX. Below is a chart showing NFLX's trailing twelve month trading history, with the $480 strike highlighted in orange:
Chipotle Mexican Grill Inc (Symbol: CMG) options are showing a volume of 7,652 contracts thus far today. That number of contracts represents approximately 765,200 underlying shares, working out to a sizeable 425.1% of CMG's average daily trading volume over the past month, of 180,020 shares. Particularly high volume was seen for the $3100 strike call option expiring June 21, 2024, with 403 contracts trading so far today, representing approximately 40,300 underlying shares of CMG. Below is a chart showing CMG's trailing twelve month trading history, with the $3100 strike highlighted in orange:
And Booking Holdings Inc (Symbol: BKNG) saw options trading volume of 6,636 contracts, representing approximately 663,600 underlying shares or approximately 292.9% of BKNG's average daily trading volume over the past month, of 226,575 shares. Especially high volume was seen for the $3320 strike put option expiring December 15, 2023, with 130 contracts trading so far today, representing approximately 13,000 underlying shares of BKNG. Below is a chart showing BKNG's trailing twelve month trading history, with the $3320 strike highlighted in orange:
For the various different available expirations for NFLX options, CMG options, or BKNG options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Top Ten Hedge Funds Holding IXHL
MVF Dividend History
Institutional Holders of EWH
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $480 strike call option expiring December 15, 2023, with 10,900 contracts trading so far today, representing approximately 1.1 million underlying shares of NFLX. Particularly high volume was seen for the $3100 strike call option expiring June 21, 2024, with 403 contracts trading so far today, representing approximately 40,300 underlying shares of CMG. Especially high volume was seen for the $3320 strike put option expiring December 15, 2023, with 130 contracts trading so far today, representing approximately 13,000 underlying shares of BKNG.
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Especially high volume was seen for the $480 strike call option expiring December 15, 2023, with 10,900 contracts trading so far today, representing approximately 1.1 million underlying shares of NFLX. Below is a chart showing CMG's trailing twelve month trading history, with the $3100 strike highlighted in orange: And Booking Holdings Inc (Symbol: BKNG) saw options trading volume of 6,636 contracts, representing approximately 663,600 underlying shares or approximately 292.9% of BKNG's average daily trading volume over the past month, of 226,575 shares. Especially high volume was seen for the $3320 strike put option expiring December 15, 2023, with 130 contracts trading so far today, representing approximately 13,000 underlying shares of BKNG.
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Netflix Inc (Symbol: NFLX), where a total volume of 177,150 contracts has been traded thus far today, a contract volume which is representative of approximately 17.7 million underlying shares (given that every 1 contract represents 100 underlying shares). Especially high volume was seen for the $480 strike call option expiring December 15, 2023, with 10,900 contracts trading so far today, representing approximately 1.1 million underlying shares of NFLX. Below is a chart showing CMG's trailing twelve month trading history, with the $3100 strike highlighted in orange: And Booking Holdings Inc (Symbol: BKNG) saw options trading volume of 6,636 contracts, representing approximately 663,600 underlying shares or approximately 292.9% of BKNG's average daily trading volume over the past month, of 226,575 shares.
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Especially high volume was seen for the $480 strike call option expiring December 15, 2023, with 10,900 contracts trading so far today, representing approximately 1.1 million underlying shares of NFLX. Below is a chart showing CMG's trailing twelve month trading history, with the $3100 strike highlighted in orange: And Booking Holdings Inc (Symbol: BKNG) saw options trading volume of 6,636 contracts, representing approximately 663,600 underlying shares or approximately 292.9% of BKNG's average daily trading volume over the past month, of 226,575 shares. Below is a chart showing BKNG's trailing twelve month trading history, with the $3320 strike highlighted in orange: For the various different available expirations for NFLX options, CMG options, or BKNG options, visit StockOptionsChannel.com.
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b2bab0b4-1fc2-4baa-abcf-a5acd071f9f6
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713417.0
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2023-12-11 00:00:00 UTC
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Notable Wednesday Option Activity: COIN, ROKU, CCI
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DCOMP
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https://www.nasdaq.com/articles/notable-wednesday-option-activity%3A-coin-roku-cci
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nan
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Coinbase Global Inc (Symbol: COIN), where a total of 166,094 contracts have traded so far, representing approximately 16.6 million underlying shares. That amounts to about 134.5% of COIN's average daily trading volume over the past month of 12.4 million shares. Particularly high volume was seen for the $20 strike put option expiring January 19, 2024, with 28,872 contracts trading so far today, representing approximately 2.9 million underlying shares of COIN. Below is a chart showing COIN's trailing twelve month trading history, with the $20 strike highlighted in orange:
Roku Inc (Symbol: ROKU) saw options trading volume of 80,607 contracts, representing approximately 8.1 million underlying shares or approximately 133.2% of ROKU's average daily trading volume over the past month, of 6.1 million shares. Particularly high volume was seen for the $101 strike call option expiring December 15, 2023, with 7,825 contracts trading so far today, representing approximately 782,500 underlying shares of ROKU. Below is a chart showing ROKU's trailing twelve month trading history, with the $101 strike highlighted in orange:
And Crown Castle Inc (Symbol: CCI) saw options trading volume of 50,402 contracts, representing approximately 5.0 million underlying shares or approximately 124.4% of CCI's average daily trading volume over the past month, of 4.1 million shares. Especially high volume was seen for the $100 strike call option expiring January 19, 2024, with 14,036 contracts trading so far today, representing approximately 1.4 million underlying shares of CCI. Below is a chart showing CCI's trailing twelve month trading history, with the $100 strike highlighted in orange:
For the various different available expirations for COIN options, ROKU options, or CCI options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
KEP Stock Predictions
SBSI Stock Predictions
ETFs Holding CDW
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly high volume was seen for the $20 strike put option expiring January 19, 2024, with 28,872 contracts trading so far today, representing approximately 2.9 million underlying shares of COIN. Particularly high volume was seen for the $101 strike call option expiring December 15, 2023, with 7,825 contracts trading so far today, representing approximately 782,500 underlying shares of ROKU. Especially high volume was seen for the $100 strike call option expiring January 19, 2024, with 14,036 contracts trading so far today, representing approximately 1.4 million underlying shares of CCI.
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Particularly high volume was seen for the $20 strike put option expiring January 19, 2024, with 28,872 contracts trading so far today, representing approximately 2.9 million underlying shares of COIN. Below is a chart showing COIN's trailing twelve month trading history, with the $20 strike highlighted in orange: Roku Inc (Symbol: ROKU) saw options trading volume of 80,607 contracts, representing approximately 8.1 million underlying shares or approximately 133.2% of ROKU's average daily trading volume over the past month, of 6.1 million shares. Below is a chart showing ROKU's trailing twelve month trading history, with the $101 strike highlighted in orange: And Crown Castle Inc (Symbol: CCI) saw options trading volume of 50,402 contracts, representing approximately 5.0 million underlying shares or approximately 124.4% of CCI's average daily trading volume over the past month, of 4.1 million shares.
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Coinbase Global Inc (Symbol: COIN), where a total of 166,094 contracts have traded so far, representing approximately 16.6 million underlying shares. Below is a chart showing COIN's trailing twelve month trading history, with the $20 strike highlighted in orange: Roku Inc (Symbol: ROKU) saw options trading volume of 80,607 contracts, representing approximately 8.1 million underlying shares or approximately 133.2% of ROKU's average daily trading volume over the past month, of 6.1 million shares. Below is a chart showing ROKU's trailing twelve month trading history, with the $101 strike highlighted in orange: And Crown Castle Inc (Symbol: CCI) saw options trading volume of 50,402 contracts, representing approximately 5.0 million underlying shares or approximately 124.4% of CCI's average daily trading volume over the past month, of 4.1 million shares.
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Below is a chart showing COIN's trailing twelve month trading history, with the $20 strike highlighted in orange: Roku Inc (Symbol: ROKU) saw options trading volume of 80,607 contracts, representing approximately 8.1 million underlying shares or approximately 133.2% of ROKU's average daily trading volume over the past month, of 6.1 million shares. Particularly high volume was seen for the $101 strike call option expiring December 15, 2023, with 7,825 contracts trading so far today, representing approximately 782,500 underlying shares of ROKU. Especially high volume was seen for the $100 strike call option expiring January 19, 2024, with 14,036 contracts trading so far today, representing approximately 1.4 million underlying shares of CCI.
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a7e95749-27c8-4664-b04a-936ede469cbf
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713418.0
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2023-12-11 00:00:00 UTC
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Notable Wednesday Option Activity: EXR, UEC, LDOS
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DCOMP
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https://www.nasdaq.com/articles/notable-wednesday-option-activity%3A-exr-uec-ldos
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nan
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Extra Space Storage Inc (Symbol: EXR), where a total of 10,255 contracts have traded so far, representing approximately 1.0 million underlying shares. That amounts to about 90.6% of EXR's average daily trading volume over the past month of 1.1 million shares. Especially high volume was seen for the $120 strike call option expiring December 15, 2023, with 1,950 contracts trading so far today, representing approximately 195,000 underlying shares of EXR. Below is a chart showing EXR's trailing twelve month trading history, with the $120 strike highlighted in orange:
Uranium Energy Corp (Symbol: UEC) options are showing a volume of 59,230 contracts thus far today. That number of contracts represents approximately 5.9 million underlying shares, working out to a sizeable 90.6% of UEC's average daily trading volume over the past month, of 6.5 million shares. Especially high volume was seen for the $5.50 strike put option expiring January 19, 2024, with 30,129 contracts trading so far today, representing approximately 3.0 million underlying shares of UEC. Below is a chart showing UEC's trailing twelve month trading history, with the $5.50 strike highlighted in orange:
And Leidos Holdings Inc (Symbol: LDOS) options are showing a volume of 5,431 contracts thus far today. That number of contracts represents approximately 543,100 underlying shares, working out to a sizeable 82.6% of LDOS's average daily trading volume over the past month, of 657,600 shares. Especially high volume was seen for the $100 strike call option expiring December 15, 2023, with 2,320 contracts trading so far today, representing approximately 232,000 underlying shares of LDOS. Below is a chart showing LDOS's trailing twelve month trading history, with the $100 strike highlighted in orange:
For the various different available expirations for EXR options, UEC options, or LDOS options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Technology Dividend Stock List
TYC Options Chain
GPIA 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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Especially high volume was seen for the $120 strike call option expiring December 15, 2023, with 1,950 contracts trading so far today, representing approximately 195,000 underlying shares of EXR. Especially high volume was seen for the $5.50 strike put option expiring January 19, 2024, with 30,129 contracts trading so far today, representing approximately 3.0 million underlying shares of UEC. Especially high volume was seen for the $100 strike call option expiring December 15, 2023, with 2,320 contracts trading so far today, representing approximately 232,000 underlying shares of LDOS.
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Below is a chart showing EXR's trailing twelve month trading history, with the $120 strike highlighted in orange: Uranium Energy Corp (Symbol: UEC) options are showing a volume of 59,230 contracts thus far today. That number of contracts represents approximately 5.9 million underlying shares, working out to a sizeable 90.6% of UEC's average daily trading volume over the past month, of 6.5 million shares. That number of contracts represents approximately 543,100 underlying shares, working out to a sizeable 82.6% of LDOS's average daily trading volume over the past month, of 657,600 shares.
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Extra Space Storage Inc (Symbol: EXR), where a total of 10,255 contracts have traded so far, representing approximately 1.0 million underlying shares. Especially high volume was seen for the $5.50 strike put option expiring January 19, 2024, with 30,129 contracts trading so far today, representing approximately 3.0 million underlying shares of UEC. Below is a chart showing LDOS's trailing twelve month trading history, with the $100 strike highlighted in orange: For the various different available expirations for EXR options, UEC options, or LDOS options, visit StockOptionsChannel.com.
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Especially high volume was seen for the $120 strike call option expiring December 15, 2023, with 1,950 contracts trading so far today, representing approximately 195,000 underlying shares of EXR. That number of contracts represents approximately 5.9 million underlying shares, working out to a sizeable 90.6% of UEC's average daily trading volume over the past month, of 6.5 million shares. Below is a chart showing LDOS's trailing twelve month trading history, with the $100 strike highlighted in orange: For the various different available expirations for EXR options, UEC options, or LDOS options, visit StockOptionsChannel.com.
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f07c4d72-a5f2-49be-8874-330b915686cd
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713419.0
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2023-12-11 00:00:00 UTC
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Notable Wednesday Option Activity: JACK, PLAB, WFC
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DCOMP
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https://www.nasdaq.com/articles/notable-wednesday-option-activity%3A-jack-plab-wfc
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nan
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nan
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Jack in the Box, Inc. (Symbol: JACK), where a total volume of 3,220 contracts has been traded thus far today, a contract volume which is representative of approximately 322,000 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 77.1% of JACK's average daily trading volume over the past month, of 417,520 shares. Especially high volume was seen for the $70 strike call option expiring December 15, 2023, with 1,680 contracts trading so far today, representing approximately 168,000 underlying shares of JACK. Below is a chart showing JACK's trailing twelve month trading history, with the $70 strike highlighted in orange:
Photronics, Inc. (Symbol: PLAB) saw options trading volume of 2,749 contracts, representing approximately 274,900 underlying shares or approximately 77.1% of PLAB's average daily trading volume over the past month, of 356,745 shares. Especially high volume was seen for the $25 strike call option expiring December 15, 2023, with 359 contracts trading so far today, representing approximately 35,900 underlying shares of PLAB. Below is a chart showing PLAB's trailing twelve month trading history, with the $25 strike highlighted in orange:
And Wells Fargo & Co (Symbol: WFC) options are showing a volume of 120,178 contracts thus far today. That number of contracts represents approximately 12.0 million underlying shares, working out to a sizeable 73.3% of WFC's average daily trading volume over the past month, of 16.4 million shares. Particularly high volume was seen for the $55 strike put option expiring January 19, 2024, with 30,000 contracts trading so far today, representing approximately 3.0 million underlying shares of WFC. Below is a chart showing WFC's trailing twelve month trading history, with the $55 strike highlighted in orange:
For the various different available expirations for JACK options, PLAB options, or WFC options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Cheap Healthcare Shares
Institutional Holders of INDS
Institutional Holders of MER
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $70 strike call option expiring December 15, 2023, with 1,680 contracts trading so far today, representing approximately 168,000 underlying shares of JACK. Especially high volume was seen for the $25 strike call option expiring December 15, 2023, with 359 contracts trading so far today, representing approximately 35,900 underlying shares of PLAB. Particularly high volume was seen for the $55 strike put option expiring January 19, 2024, with 30,000 contracts trading so far today, representing approximately 3.0 million underlying shares of WFC.
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Especially high volume was seen for the $70 strike call option expiring December 15, 2023, with 1,680 contracts trading so far today, representing approximately 168,000 underlying shares of JACK. Below is a chart showing JACK's trailing twelve month trading history, with the $70 strike highlighted in orange: Photronics, Inc. (Symbol: PLAB) saw options trading volume of 2,749 contracts, representing approximately 274,900 underlying shares or approximately 77.1% of PLAB's average daily trading volume over the past month, of 356,745 shares. Especially high volume was seen for the $25 strike call option expiring December 15, 2023, with 359 contracts trading so far today, representing approximately 35,900 underlying shares of PLAB.
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Jack in the Box, Inc. (Symbol: JACK), where a total volume of 3,220 contracts has been traded thus far today, a contract volume which is representative of approximately 322,000 underlying shares (given that every 1 contract represents 100 underlying shares). Especially high volume was seen for the $70 strike call option expiring December 15, 2023, with 1,680 contracts trading so far today, representing approximately 168,000 underlying shares of JACK. Below is a chart showing JACK's trailing twelve month trading history, with the $70 strike highlighted in orange: Photronics, Inc. (Symbol: PLAB) saw options trading volume of 2,749 contracts, representing approximately 274,900 underlying shares or approximately 77.1% of PLAB's average daily trading volume over the past month, of 356,745 shares.
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Especially high volume was seen for the $70 strike call option expiring December 15, 2023, with 1,680 contracts trading so far today, representing approximately 168,000 underlying shares of JACK. Below is a chart showing JACK's trailing twelve month trading history, with the $70 strike highlighted in orange: Photronics, Inc. (Symbol: PLAB) saw options trading volume of 2,749 contracts, representing approximately 274,900 underlying shares or approximately 77.1% of PLAB's average daily trading volume over the past month, of 356,745 shares. Below is a chart showing WFC's trailing twelve month trading history, with the $55 strike highlighted in orange: For the various different available expirations for JACK options, PLAB options, or WFC options, visit StockOptionsChannel.com.
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89de3c7a-2d3d-4d09-9378-b5e6078d4a96
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713420.0
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2023-12-11 00:00:00 UTC
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You Won't Believe My Nvidia Stock Recommendation for 2024!
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DCOMP
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https://www.nasdaq.com/articles/you-wont-believe-my-nvidia-stock-recommendation-for-2024
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nan
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nan
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Fool.com contributor Parkev Tatevosian reviews Nvidia's (NASDAQ: NVDA) position at the forefront of the development of artificial intelligence (AI) and how it makes the company a formidable investment.
*Stock prices used were the afternoon prices of Dec. 11, 2023. The video was published on Dec. 13, 2023.
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
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy.
Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Fool.com contributor Parkev Tatevosian reviews Nvidia's (NASDAQ: NVDA) position at the forefront of the development of artificial intelligence (AI) and how it makes the company a formidable investment. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel.
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Fool.com contributor Parkev Tatevosian reviews Nvidia's (NASDAQ: NVDA) position at the forefront of the development of artificial intelligence (AI) and how it makes the company a formidable investment. 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. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Parkev Tatevosian, CFA has no position in any of the stocks mentioned.
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Before you buy stock in 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. Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Parkev Tatevosian, CFA has no position in any of the stocks mentioned.
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See the 10 stocks *Stock Advisor returns as of December 11, 2023 Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. His opinions remain his own and are unaffected by The Motley Fool.
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a31e9552-0784-454b-983e-07228f8344fd
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713421.0
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2023-12-11 00:00:00 UTC
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Noteworthy Wednesday Option Activity: IRON, IIPR, ABM
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DCOMP
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https://www.nasdaq.com/articles/noteworthy-wednesday-option-activity%3A-iron-iipr-abm
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nan
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Disc Medicine Inc (Symbol: IRON), where a total volume of 1,659 contracts has been traded thus far today, a contract volume which is representative of approximately 165,900 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 70.9% of IRON's average daily trading volume over the past month, of 234,125 shares. Particularly high volume was seen for the $50 strike put option expiring January 19, 2024, with 500 contracts trading so far today, representing approximately 50,000 underlying shares of IRON. Below is a chart showing IRON's trailing twelve month trading history, with the $50 strike highlighted in orange:
Innovative Industrial Properties Inc (Symbol: IIPR) options are showing a volume of 1,584 contracts thus far today. That number of contracts represents approximately 158,400 underlying shares, working out to a sizeable 69.4% of IIPR's average daily trading volume over the past month, of 228,340 shares. Especially high volume was seen for the $90 strike call option expiring April 19, 2024, with 402 contracts trading so far today, representing approximately 40,200 underlying shares of IIPR. Below is a chart showing IIPR's trailing twelve month trading history, with the $90 strike highlighted in orange:
And ABM Industries, Inc. (Symbol: ABM) options are showing a volume of 2,574 contracts thus far today. That number of contracts represents approximately 257,400 underlying shares, working out to a sizeable 67.7% of ABM's average daily trading volume over the past month, of 379,960 shares. Particularly high volume was seen for the $60 strike call option expiring December 15, 2023, with 372 contracts trading so far today, representing approximately 37,200 underlying shares of ABM. Below is a chart showing ABM's trailing twelve month trading history, with the $60 strike highlighted in orange:
For the various different available expirations for IRON options, IIPR options, or ABM options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
MLP shares outstanding history
Top Ten Hedge Funds Holding TOMZ
VIAS Videos
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly high volume was seen for the $50 strike put option expiring January 19, 2024, with 500 contracts trading so far today, representing approximately 50,000 underlying shares of IRON. Especially high volume was seen for the $90 strike call option expiring April 19, 2024, with 402 contracts trading so far today, representing approximately 40,200 underlying shares of IIPR. Particularly high volume was seen for the $60 strike call option expiring December 15, 2023, with 372 contracts trading so far today, representing approximately 37,200 underlying shares of ABM.
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Below is a chart showing IRON's trailing twelve month trading history, with the $50 strike highlighted in orange: Innovative Industrial Properties Inc (Symbol: IIPR) options are showing a volume of 1,584 contracts thus far today. That number of contracts represents approximately 158,400 underlying shares, working out to a sizeable 69.4% of IIPR's average daily trading volume over the past month, of 228,340 shares. Below is a chart showing IIPR's trailing twelve month trading history, with the $90 strike highlighted in orange: And ABM Industries, Inc. (Symbol: ABM) options are showing a volume of 2,574 contracts thus far today.
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Disc Medicine Inc (Symbol: IRON), where a total volume of 1,659 contracts has been traded thus far today, a contract volume which is representative of approximately 165,900 underlying shares (given that every 1 contract represents 100 underlying shares). Below is a chart showing IIPR's trailing twelve month trading history, with the $90 strike highlighted in orange: And ABM Industries, Inc. (Symbol: ABM) options are showing a volume of 2,574 contracts thus far today. Particularly high volume was seen for the $60 strike call option expiring December 15, 2023, with 372 contracts trading so far today, representing approximately 37,200 underlying shares of ABM.
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Especially high volume was seen for the $90 strike call option expiring April 19, 2024, with 402 contracts trading so far today, representing approximately 40,200 underlying shares of IIPR. That number of contracts represents approximately 257,400 underlying shares, working out to a sizeable 67.7% of ABM's average daily trading volume over the past month, of 379,960 shares. Below is a chart showing ABM's trailing twelve month trading history, with the $60 strike highlighted in orange: For the various different available expirations for IRON options, IIPR options, or ABM options, visit StockOptionsChannel.com.
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757840e1-1d94-408a-bded-fa3e8aee5357
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713422.0
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2023-12-11 00:00:00 UTC
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Noteworthy Wednesday Option Activity: PNT, CROX, ULTA
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DCOMP
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https://www.nasdaq.com/articles/noteworthy-wednesday-option-activity%3A-pnt-crox-ulta
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nan
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Point Biopharma Global Inc (Symbol: PNT), where a total of 11,916 contracts have traded so far, representing approximately 1.2 million underlying shares. That amounts to about 62.9% of PNT's average daily trading volume over the past month of 1.9 million shares. Particularly high volume was seen for the $12.50 strike put option expiring January 19, 2024, with 8,119 contracts trading so far today, representing approximately 811,900 underlying shares of PNT. Below is a chart showing PNT's trailing twelve month trading history, with the $12.50 strike highlighted in orange:
Crocs Inc (Symbol: CROX) saw options trading volume of 8,269 contracts, representing approximately 826,900 underlying shares or approximately 59.7% of CROX's average daily trading volume over the past month, of 1.4 million shares. Especially high volume was seen for the $107 strike call option expiring December 15, 2023, with 1,566 contracts trading so far today, representing approximately 156,600 underlying shares of CROX. Below is a chart showing CROX's trailing twelve month trading history, with the $107 strike highlighted in orange:
And Ulta Beauty Inc (Symbol: ULTA) options are showing a volume of 5,740 contracts thus far today. That number of contracts represents approximately 574,000 underlying shares, working out to a sizeable 58.5% of ULTA's average daily trading volume over the past month, of 981,305 shares. Particularly high volume was seen for the $500 strike call option expiring December 15, 2023, with 530 contracts trading so far today, representing approximately 53,000 underlying shares of ULTA. Below is a chart showing ULTA's trailing twelve month trading history, with the $500 strike highlighted in orange:
For the various different available expirations for PNT options, CROX options, or ULTA options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
ABTX Historical Stock Prices
Institutional Holders of LMAO
Funds Holding SWAY
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly high volume was seen for the $12.50 strike put option expiring January 19, 2024, with 8,119 contracts trading so far today, representing approximately 811,900 underlying shares of PNT. Especially high volume was seen for the $107 strike call option expiring December 15, 2023, with 1,566 contracts trading so far today, representing approximately 156,600 underlying shares of CROX. Particularly high volume was seen for the $500 strike call option expiring December 15, 2023, with 530 contracts trading so far today, representing approximately 53,000 underlying shares of ULTA.
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Below is a chart showing PNT's trailing twelve month trading history, with the $12.50 strike highlighted in orange: Crocs Inc (Symbol: CROX) saw options trading volume of 8,269 contracts, representing approximately 826,900 underlying shares or approximately 59.7% of CROX's average daily trading volume over the past month, of 1.4 million shares. Especially high volume was seen for the $107 strike call option expiring December 15, 2023, with 1,566 contracts trading so far today, representing approximately 156,600 underlying shares of CROX. Below is a chart showing CROX's trailing twelve month trading history, with the $107 strike highlighted in orange: And Ulta Beauty Inc (Symbol: ULTA) options are showing a volume of 5,740 contracts thus far today.
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Point Biopharma Global Inc (Symbol: PNT), where a total of 11,916 contracts have traded so far, representing approximately 1.2 million underlying shares. Below is a chart showing PNT's trailing twelve month trading history, with the $12.50 strike highlighted in orange: Crocs Inc (Symbol: CROX) saw options trading volume of 8,269 contracts, representing approximately 826,900 underlying shares or approximately 59.7% of CROX's average daily trading volume over the past month, of 1.4 million shares. Below is a chart showing ULTA's trailing twelve month trading history, with the $500 strike highlighted in orange: For the various different available expirations for PNT options, CROX options, or ULTA options, visit StockOptionsChannel.com.
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Below is a chart showing PNT's trailing twelve month trading history, with the $12.50 strike highlighted in orange: Crocs Inc (Symbol: CROX) saw options trading volume of 8,269 contracts, representing approximately 826,900 underlying shares or approximately 59.7% of CROX's average daily trading volume over the past month, of 1.4 million shares. Particularly high volume was seen for the $500 strike call option expiring December 15, 2023, with 530 contracts trading so far today, representing approximately 53,000 underlying shares of ULTA. Below is a chart showing ULTA's trailing twelve month trading history, with the $500 strike highlighted in orange: For the various different available expirations for PNT options, CROX options, or ULTA options, visit StockOptionsChannel.com.
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57ae354a-a7b1-40fd-9c25-e2d02370209c
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713423.0
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2023-12-11 00:00:00 UTC
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Here's Why Fastenal (FAST) Gained But Lagged the Market Today
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DCOMP
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https://www.nasdaq.com/articles/heres-why-fastenal-fast-gained-but-lagged-the-market-today
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nan
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nan
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In the latest market close, Fastenal (FAST) reached $64.04, with a +0.25% movement compared to the previous day. The stock trailed the S&P 500, which registered a daily gain of 1.37%. Meanwhile, the Dow gained 1.4%, and the Nasdaq, a tech-heavy index, added 1.38%.
Shares of the maker of industrial and construction fasteners witnessed a gain of 4.72% over the previous month, trailing the performance of the Retail-Wholesale sector with its gain of 5.12% and the S&P 500's gain of 5.37%.
Investors will be eagerly watching for the performance of Fastenal in its upcoming earnings disclosure. The company is expected to report EPS of $0.45, up 4.65% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.75 billion, up 3.12% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $2 per share and a revenue of $7.34 billion, demonstrating changes of +5.82% and +5.1%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for Fastenal. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Fastenal currently has a Zacks Rank of #3 (Hold).
Investors should also note Fastenal's current valuation metrics, including its Forward P/E ratio of 31.87. This represents a premium compared to its industry's average Forward P/E of 10.83.
Also, we should mention that FAST has a PEG ratio of 3.54. 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 Building Products - Retail industry currently had an average PEG ratio of 1.97 as of yesterday's close.
The Building Products - Retail industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 91, finds itself in the top 37% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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
Fastenal Company (FAST) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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To 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 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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Shares of the maker of industrial and construction fasteners witnessed a gain of 4.72% over the previous month, trailing the performance of the Retail-Wholesale sector with its gain of 5.12% and the S&P 500's gain of 5.37%. For the full year, the Zacks Consensus Estimates project earnings of $2 per share and a revenue of $7.34 billion, demonstrating changes of +5.82% and +5.1%, respectively, from the preceding year. Click to get this free report Fastenal Company (FAST) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Shares of the maker of industrial and construction fasteners witnessed a gain of 4.72% over the previous month, trailing the performance of the Retail-Wholesale sector with its gain of 5.12% and the S&P 500's gain of 5.37%. This industry, currently bearing a Zacks Industry Rank of 91, finds itself in the top 37% echelons of all 250+ industries. The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups.
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Shares of the maker of industrial and construction fasteners witnessed a gain of 4.72% over the previous month, trailing the performance of the Retail-Wholesale sector with its gain of 5.12% and the S&P 500's gain of 5.37%. This industry, currently bearing a Zacks Industry Rank of 91, finds itself in the top 37% echelons of all 250+ industries. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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963bf892-1053-4afd-90e1-01c1e7ca1701
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713424.0
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2023-12-11 00:00:00 UTC
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Archer Daniels Midland (ADM) Rises Yet Lags Behind Market: Some Facts Worth Knowing
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DCOMP
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https://www.nasdaq.com/articles/archer-daniels-midland-adm-rises-yet-lags-behind-market%3A-some-facts-worth-knowing
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nan
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nan
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Archer Daniels Midland (ADM) ended the recent trading session at $75.26, demonstrating a +0.91% swing from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 1.37%. On the other hand, the Dow registered a gain of 1.4%, and the technology-centric Nasdaq increased by 1.38%.
The agribusiness giant's stock has climbed by 0.97% in the past month, falling short of the Consumer Staples sector's gain of 3.4% and the S&P 500's gain of 5.37%.
Market participants will be closely following the financial results of Archer Daniels Midland in its upcoming release. On that day, Archer Daniels Midland is projected to report earnings of $1.65 per share, which would represent a year-over-year decline of 14.51%. Our most recent consensus estimate is calling for quarterly revenue of $24.38 billion, down 7.06% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $7.26 per share and a revenue of $95.31 billion, indicating changes of -7.52% and -6.42%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for Archer Daniels Midland. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.05% higher. Archer Daniels Midland currently has a Zacks Rank of #3 (Hold).
Digging into valuation, Archer Daniels Midland currently has a Forward P/E ratio of 10.28. For comparison, its industry has an average Forward P/E of 17.69, which means Archer Daniels Midland is trading at a discount to the group.
The Agriculture - Operations industry is part of the Consumer Staples sector. At present, this industry carries a Zacks Industry Rank of 154, placing it within the bottom 39% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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
Archer Daniels Midland Company (ADM) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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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Archer Daniels Midland (ADM) ended the recent trading session at $75.26, demonstrating a +0.91% swing from the preceding day's closing price. 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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Archer Daniels Midland (ADM) ended the recent trading session at $75.26, demonstrating a +0.91% swing from the preceding day's closing price. On that day, Archer Daniels Midland is projected to report earnings of $1.65 per share, which would represent a year-over-year decline of 14.51%. Click to get this free report Archer Daniels Midland Company (ADM) : 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 154, placing it within the bottom 39% of over 250 industries. The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Click to get this free report Archer Daniels Midland Company (ADM) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Archer Daniels Midland (ADM) ended the recent trading session at $75.26, demonstrating a +0.91% swing from the preceding day's closing price. Archer Daniels Midland currently has a Zacks Rank of #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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a8cb4453-2ec2-4183-bd6e-a690517ef684
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713425.0
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2023-12-11 00:00:00 UTC
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Phillips 66 (PSX) Outperforms Broader Market: What You Need to Know
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DCOMP
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https://www.nasdaq.com/articles/phillips-66-psx-outperforms-broader-market%3A-what-you-need-to-know
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nan
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nan
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The most recent trading session ended with Phillips 66 (PSX) standing at $127.16, reflecting a +1.55% shift from the previouse trading day's closing. This move outpaced the S&P 500's daily gain of 1.37%. Elsewhere, the Dow saw an upswing of 1.4%, while the tech-heavy Nasdaq appreciated by 1.38%.
Heading into today, shares of the oil refiner had gained 8.87% over the past month, outpacing the Oils-Energy sector's loss of 2.08% and the S&P 500's gain of 5.37% in that time.
Analysts and investors alike will be keeping a close eye on the performance of Phillips 66 in its upcoming earnings disclosure. The company's upcoming EPS is projected at $2.77, signifying a 30.75% drop compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $34.85 billion, down 14.81% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $15.47 per share and revenue of $145.49 billion. These totals would mark changes of -17.67% and -17.19%, respectively, from last year.
Any recent changes to analyst estimates for Phillips 66 should also be noted by investors. 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 demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.89% higher within the past month. Phillips 66 is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Phillips 66 is currently trading at a Forward P/E ratio of 8.09. Its industry sports an average Forward P/E of 6.75, so one might conclude that Phillips 66 is trading at a premium comparatively.
Meanwhile, PSX's PEG ratio is currently 0.43. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Oil and Gas - Refining and Marketing industry had an average PEG ratio of 0.95 as trading concluded yesterday.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 68, finds itself in the top 27% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming 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
Phillips 66 (PSX) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. The 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.
|
Heading into today, shares of the oil refiner had gained 8.87% over the past month, outpacing the Oils-Energy sector's loss of 2.08% and the S&P 500's gain of 5.37% in that time. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Oil and Gas - Refining and Marketing industry had an average PEG ratio of 0.95 as trading concluded yesterday.
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Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $15.47 per share and revenue of $145.49 billion. This industry, currently bearing a Zacks Industry Rank of 68, finds itself in the top 27% echelons of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups.
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The most recent trading session ended with Phillips 66 (PSX) standing at $127.16, reflecting a +1.55% shift from the previouse trading day's closing. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $15.47 per share and revenue of $145.49 billion. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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4ee680b8-b31e-4c58-890f-87fa547f726f
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713426.0
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2023-12-11 00:00:00 UTC
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Consumer Sector Update for 12/13/2023: PGTI, FTCH, ETSY, TSLA
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DCOMP
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https://www.nasdaq.com/articles/consumer-sector-update-for-12-13-2023%3A-pgti-ftch-etsy-tsla
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nan
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nan
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Consumer stocks advanced late Wednesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) climbing 1.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 1%.
In corporate news, PGT Innovations' (PGTI) board turned down an all-cash bid of $38 per share from Miter Brands, Reuters reported. PGT Innovations shares jumped neary 5%.
Farfetch (FTCH) shares jumped 17%. 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 workforce by 11%, or 225 employees, as part of a restructuring plan. Its shares fell 2.5%.
Tesla (TSLA) rose 0.5%, 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) rose 0.5%, 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 advanced late Wednesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) climbing 1.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 1%. In corporate news, PGT Innovations' (PGTI) board turned down an all-cash bid of $38 per share from Miter Brands, Reuters reported. PGT Innovations shares jumped neary 5%.
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Consumer stocks advanced late Wednesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) climbing 1.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 1%. In corporate news, PGT Innovations' (PGTI) board turned down an all-cash bid of $38 per share from Miter Brands, Reuters reported. Tesla (TSLA) rose 0.5%, 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.
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Consumer stocks advanced late Wednesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) climbing 1.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 1%. PGT Innovations shares jumped neary 5%. 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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7684a7e1-1b74-4869-b574-4faca98e1879
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713427.0
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2023-12-11 00:00:00 UTC
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Boeing (BA) Rises Yet Lags Behind Market: Some Facts Worth Knowing
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DCOMP
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https://www.nasdaq.com/articles/boeing-ba-rises-yet-lags-behind-market%3A-some-facts-worth-knowing-1
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nan
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In the latest market close, Boeing (BA) reached $250.91, with a +0.92% movement compared to the previous day. The stock fell short of the S&P 500, which registered a gain of 1.37% for the day. On the other hand, the Dow registered a gain of 1.4%, and the technology-centric Nasdaq increased by 1.38%.
Shares of the airplane builder witnessed a gain of 19.84% over the previous month, beating the performance of the Aerospace sector with its gain of 7.86% and the S&P 500's gain of 5.37%.
The investment community will be paying close attention to the earnings performance of Boeing in its upcoming release. It is anticipated that the company will report an EPS of -$0.89, marking a 49.14% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $21.07 billion, indicating a 5.45% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$6.05 per share and revenue of $76.86 billion, indicating changes of +45.3% and +15.4%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for Boeing. These revisions help to show the ever-changing nature 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 benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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. Within the past 30 days, our consensus EPS projection has moved 8.1% lower. At present, Boeing boasts a Zacks Rank of #3 (Hold).
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 evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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
The Boeing Company (BA) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Alongside, our most recent consensus estimate is anticipating revenue of $21.07 billion, indicating a 5.45% upward movement from the same quarter last year. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. 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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Alongside, our most recent consensus estimate is anticipating revenue of $21.07 billion, indicating a 5.45% upward movement from the same quarter last year. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$6.05 per share and revenue of $76.86 billion, indicating changes of +45.3% and +15.4%, respectively, compared to the previous year. Click to get this free report The Boeing Company (BA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$6.05 per share and revenue of $76.86 billion, indicating changes of +45.3% and +15.4%, respectively, compared to the previous year. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Click to get this free report The Boeing Company (BA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Shares of the airplane builder witnessed a gain of 19.84% over the previous month, beating the performance of the Aerospace sector with its gain of 7.86% and the S&P 500's gain of 5.37%. This group has a Zacks Industry Rank of 55, putting it in the top 22% of all 250+ industries. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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aa247483-5577-4574-8f5f-008e96af526e
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713428.0
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2023-12-11 00:00:00 UTC
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Here's Why Ares Capital (ARCC) Gained But Lagged the Market Today
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https://www.nasdaq.com/articles/heres-why-ares-capital-arcc-gained-but-lagged-the-market-today
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In the latest market close, Ares Capital (ARCC) reached $20.21, with a +0.45% movement compared to the previous day. This change lagged the S&P 500's 1.37% gain on the day. Meanwhile, the Dow experienced a rise of 1.4%, and the technology-dominated Nasdaq saw an increase of 1.38%.
The private equity firm's shares have seen an increase of 1.87% over the last month, not keeping up with the Finance sector's gain of 8.09% and the S&P 500's gain of 5.37%.
The upcoming earnings release of Ares Capital will be of great interest to investors. The company's earnings per share (EPS) are projected to be $0.59, reflecting a 6.35% decrease from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $683.52 million, up 6.8% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.34 per share and a revenue of $2.59 billion, representing changes of +15.84% and +23.59%, respectively, from the prior year.
Any recent changes to analyst estimates for Ares Capital should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Right now, Ares Capital possesses a Zacks Rank of #3 (Hold).
Investors should also note Ares Capital's current valuation metrics, including its Forward P/E ratio of 8.61. Its industry sports an average Forward P/E of 7.45, so one might conclude that Ares Capital is trading at a premium comparatively.
The Financial - SBIC & Commercial Industry industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 20, positioning it in the top 8% 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.
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
Ares Capital Corporation (ARCC) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system. 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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For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.34 per share and a revenue of $2.59 billion, representing changes of +15.84% and +23.59%, respectively, from the prior year. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. Click to get this free report Ares Capital Corporation (ARCC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Currently, this industry holds a Zacks Industry Rank of 20, positioning it in the top 8% 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.
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Right now, Ares Capital possesses a Zacks Rank of #3 (Hold). Its industry sports an average Forward P/E of 7.45, so one might conclude that Ares Capital is trading at a premium comparatively. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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fe732202-4959-4ac7-a08b-ccf37acfc0d0
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713429.0
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2023-12-11 00:00:00 UTC
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Adobe Systems (ADBE) Q4 Earnings and Revenues Top Estimates
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https://www.nasdaq.com/articles/adobe-systems-adbe-q4-earnings-and-revenues-top-estimates
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Adobe Systems (ADBE) came out with quarterly earnings of $4.27 per share, beating the Zacks Consensus Estimate of $4.13 per share. This compares to earnings of $3.60 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 3.39%. A quarter ago, it was expected that this software maker would post earnings of $3.97 per share when it actually produced earnings of $4.09, delivering a surprise of 3.02%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Adobe, which belongs to the Zacks Computer - Software industry, posted revenues of $5.05 billion for the quarter ended November 2023, surpassing the Zacks Consensus Estimate by 0.82%. This compares to year-ago revenues of $4.53 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Adobe shares have added about 88.3% since the beginning of the year versus the S&P 500's gain of 20.9%.
What's Next for Adobe?
While Adobe has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Adobe: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $4.24 on $5.09 billion in revenues for the coming quarter and $17.86 on $21.62 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computer - Software is currently in the top 25% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Simulations Plus (SLP), is yet to report results for the quarter ended November 2023.
This maker of software used in pharmaceutical research is expected to post quarterly earnings of $0.11 per share in its upcoming report, which represents a year-over-year change of +83.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Simulations Plus' revenues are expected to be $13.77 million, up 15.1% from the year-ago quarter.
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
Adobe Inc. (ADBE) : Free Stock Analysis Report
Simulations Plus, Inc. (SLP) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. This maker of software used in pharmaceutical research is expected to post quarterly earnings of $0.11 per share in its upcoming report, which represents a year-over-year change of +83.3%. 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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Adobe, which belongs to the Zacks Computer - Software industry, posted revenues of $5.05 billion for the quarter ended November 2023, surpassing the Zacks Consensus Estimate by 0.82%. The current consensus EPS estimate is $4.24 on $5.09 billion in revenues for the coming quarter and $17.86 on $21.62 billion in revenues for the current fiscal year. Click to get this free report Adobe Inc. (ADBE) : Free Stock Analysis Report Simulations Plus, Inc. (SLP) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Adobe Systems (ADBE) came out with quarterly earnings of $4.27 per share, beating the Zacks Consensus Estimate of $4.13 per share. Adobe, which belongs to the Zacks Computer - Software industry, posted revenues of $5.05 billion for the quarter ended November 2023, surpassing the Zacks Consensus Estimate by 0.82%. Click to get this free report Adobe Inc. (ADBE) : Free Stock Analysis Report Simulations Plus, Inc. (SLP) : Free Stock Analysis Report To read this article on Zacks.com click here.
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While Adobe has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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3eaa2b48-5b10-4eb1-a4ce-84d7e55426fc
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713430.0
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2023-12-11 00:00:00 UTC
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Carrier Global to sell commercial refrigeration business to Haier
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https://www.nasdaq.com/articles/carrier-global-to-sell-commercial-refrigeration-business-to-haier
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Adds details throughout
Dec 13 (Reuters) - Carrier Global CARR.N said on Wednesday it has entered into a definitive agreement to sell its global commercial refrigeration business to its joint venture partner Haier 600690.SS for an enterprise value of $775 million.
The air conditioner maker, which is looking to streamline its portfolio, said the enterprise value also includes about $200 million of net pension liabilities.
Carrier said it expected net proceeds from the transaction to exceed $500 million and intended to use them to reduce debt.
Last week, U.S. industrial firm Honeywell HON.Osaid it would buy Carrier's security unit for $4.95 billion in cash to bulk up its building safety business.
(Reporting by Granth Vanaik in Bengaluru; Editing by Krishna Chandra Eluri)
((Granth.Vanaik@thomsonreuters.com | X : https://twitter.com/Vanaik_Granth;))
The views and 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 air conditioner maker, which is looking to streamline its portfolio, said the enterprise value also includes about $200 million of net pension liabilities. Carrier said it expected net proceeds from the transaction to exceed $500 million and intended to use them to reduce debt. Last week, U.S. industrial firm Honeywell HON.Osaid it would buy Carrier's security unit for $4.95 billion in cash to bulk up its building safety business.
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Adds details throughout Dec 13 (Reuters) - Carrier Global CARR.N said on Wednesday it has entered into a definitive agreement to sell its global commercial refrigeration business to its joint venture partner Haier 600690.SS for an enterprise value of $775 million. The air conditioner maker, which is looking to streamline its portfolio, said the enterprise value also includes about $200 million of net pension liabilities. (Reporting by Granth Vanaik in Bengaluru; Editing by Krishna Chandra Eluri) ((Granth.Vanaik@thomsonreuters.com | X : https://twitter.com/Vanaik_Granth;)) The views and 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 throughout Dec 13 (Reuters) - Carrier Global CARR.N said on Wednesday it has entered into a definitive agreement to sell its global commercial refrigeration business to its joint venture partner Haier 600690.SS for an enterprise value of $775 million. Last week, U.S. industrial firm Honeywell HON.Osaid it would buy Carrier's security unit for $4.95 billion in cash to bulk up its building safety business. (Reporting by Granth Vanaik in Bengaluru; Editing by Krishna Chandra Eluri) ((Granth.Vanaik@thomsonreuters.com | X : https://twitter.com/Vanaik_Granth;)) The views and 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 throughout Dec 13 (Reuters) - Carrier Global CARR.N said on Wednesday it has entered into a definitive agreement to sell its global commercial refrigeration business to its joint venture partner Haier 600690.SS for an enterprise value of $775 million. The air conditioner maker, which is looking to streamline its portfolio, said the enterprise value also includes about $200 million of net pension liabilities. Carrier said it expected net proceeds from the transaction to exceed $500 million and intended to use them to reduce debt.
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713431.0
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2023-12-11 00:00:00 UTC
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How the Fed Pumped Solar Energy Stocks Today
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https://www.nasdaq.com/articles/how-the-fed-pumped-solar-energy-stocks-today
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The solar market got a huge boost from the Federal Reserve today after the central bank decided to keep short-term interest rates flat and gave a very bullish outlook for 2024.
Solar energy stocks have been among the fastest to react because lower rates will have a direct impact on volume and margins in 2024. At the end of the trading day, shares of SunPower (NASDAQ: SPWR) were up 17.8%, Sunrun (NASDAQ: RUN) was up 19.7%, and Sunnova Energy (NYSE: NOVA) jumped 15.4%. Suppliers to the solar market were also up with Enphase Energy (NASDAQ: ENPH) rising 7.8% and SolarEdge Technologies (NASDAQ: SEDG) climbing 8.4%.
Image source: Getty Images.
Interest rates drive the solar industry
The harsh reality is that solar installations are driven by interest rates, especially in the rooftop market. Customers often put $0 down and sign a 20- to 30-year agreement to buy solar electricity from an installer, known as a purchase agreement. The installer then sells off any tax benefits or upfront subsidies and needs to finance those long-term payments just like a mortgage or bond.
When interest rates rise, the financing gets more expensive and margins for the installers go down unless they can raise prices on customers. This has been the pressure on solar energy stocks for all of 2023.
At least for today, that pressure is reversing. The 10-year government bond rate fell 18 basis points in the U.S. to 4.02%, backed by bullish Fed officials. Most officials think there will be three or more rate cuts in 2024 and rates will end the year at 4.6%, with rates falling to 3.6% by the end of 2025.
If that happens, it'll be a boon for the solar industry and the margins for installers.
Cautious optimism in solar energy
This reduction in interest rates could help residential solar installers generate slightly higher margins for installations late this year and into 2024. But I would watch the potential tailwinds from expected lower component prices and higher utility rates, which is what solar installation costs are compared to. These should also help margins, so lower rates are icing on the cake.
It may take some time for the impact of all of these changes to be felt. We are in the winter months in North America and Europe, and solar installations are slowing down. Spring and summer are when most of the year's bookings take place, and there's a lag of a few months between signing a project and building it, so it's possible we won't see a significant improvement for a few quarters.
That said, it seems like the interest rate headwinds that many investors expected for 2024 are turning into tailwinds. That should be good for solar energy stocks, but today's move is a little quick and may not stick for an industry that's struggled all year. I'm still bullish on solar energy stocks but think there are multiple quarters to shake out what the long-term trajectory will look like, and if rates turn out to be higher next year, the pop in stocks could quickly reverse.
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Travis Hoium has positions in SunPower. The Motley Fool has positions in and recommends Enphase Energy. The Motley Fool recommends SolarEdge Technologies. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The solar market got a huge boost from the Federal Reserve today after the central bank decided to keep short-term interest rates flat and gave a very bullish outlook for 2024. But I would watch the potential tailwinds from expected lower component prices and higher utility rates, which is what solar installation costs are compared to. Spring and summer are when most of the year's bookings take place, and there's a lag of a few months between signing a project and building it, so it's possible we won't see a significant improvement for a few quarters.
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Suppliers to the solar market were also up with Enphase Energy (NASDAQ: ENPH) rising 7.8% and SolarEdge Technologies (NASDAQ: SEDG) climbing 8.4%. Before you buy stock in SunPower, 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 SunPower wasn't one of them. The Motley Fool recommends SolarEdge Technologies.
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Cautious optimism in solar energy This reduction in interest rates could help residential solar installers generate slightly higher margins for installations late this year and into 2024. I'm still bullish on solar energy stocks but think there are multiple quarters to shake out what the long-term trajectory will look like, and if rates turn out to be higher next year, the pop in stocks could quickly reverse. Before you buy stock in SunPower, 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 SunPower wasn't one of them.
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Solar energy stocks have been among the fastest to react because lower rates will have a direct impact on volume and margins in 2024. When interest rates rise, the financing gets more expensive and margins for the installers go down unless they can raise prices on customers. Before you buy stock in SunPower, 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 SunPower wasn't one of them.
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713432.0
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2023-12-11 00:00:00 UTC
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Pfizer shares sink after it resets 2024 COVID expectations
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https://www.nasdaq.com/articles/pfizer-shares-sink-after-it-resets-2024-covid-expectations
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By Leroy Leo and Michael Erman
Dec 13 (Reuters) - Pfizer PFE.N on Wednesday forecast 2024 sales that could be as much as $5 billion below Wall Street expectations, a move top executives said provided a more reliable view of its COVID-19 business than it had this year, driving shares to a 10-year low.
Revenue from Pfizer's COVID-19 vaccine and treatment, which peaked at $57 billion in 2022, are now expected to be $8 billion in 2024, a further drop from the $13 billion analysts' forecast and Pfizer's own lowered view of $12.5 billion for this year.
"We want to be conservative," Pfizer Chief Executive Officer Albert Bourla said on a conference call with investors. "We want to be reliable so we won't create uncertainty (again), which was the case, unfortunately, this year."
Pfizer used some of its COVID windfall to acquire companies, including a $43 billion deal for cancer drugmaker Seagen it expects to close this week, and began selling a new RSV vaccine. But the recent RSV launch has been disappointing, trailing a rival's shot, and shares have fallen 44% so far this year.
In addition, COVID vaccinations in the U.S. have dropped sharply with just about 17% of the eligible population getting the most recent updated boosters due in part to declining concern about the virus, as well as vaccine fatigue.
The New York-based drugmaker also forecast 2024 adjusted profit in the range of $2.05 to $2.25 per share, lower than analysts' expectation of $3.16.
Pfizer shares closed down another 6.7% on Wednesday, losing nearly $11 billion in market capitalization.
U.S. shares of Pfizer's German vaccine partner BioNTech 22UAy.DE fell 5.5%, while COVID vaccine rival Moderna MRNA.O rose 0.7%.
"They're in a bad place honestly," said Jeff Jonas, portfolio manager for Gabelli Funds, which owned over 750,000 Pfizer shares as of September, according to LSEG data.
Jonas said the company has taken on a lot of debt to do deals like Seagen. But he is skeptical the company has done enough to fully offset lost revenue from drugs expected to face generic competition in coming year.
"They're stuck in their ways and then they're not necessarily going to make the type of bold move that they need to reinvigorate R&D," Jonas said of research and development.
Seagen is expected to add $3.1 billion to revenue next year.
'A FLOOR FOR 2024 SALES'
The lower forecasts come a day after Pfizer said it would reorganize its cancer division to include the Seagen acquisition. It also raised its cost-cut target by $500 million on Wednesday.
Pfizer now expects annual revenue in the range of $58.5 billion to $61.5 billion, compared with analysts' average estimate of $63.17 billion, according to LSEG data.
The COVID-19 vaccine and antiviral treatment Paxlovid helped Pfizer bring in over $100 billion in revenue in 2022. Pfizer had originally forecast sales of $21.5 million in COVID sales for 2023, but later cut that forecast by more than 40%.
The COVID-19 sales targets "likely represent a floor for 2024 sales," said J.P. Morgan analyst Chris Schott.
The precipitous drop in COVID product sales had also forced Pfizer to launch a program to cut jobs and expenses, which is now expected to save at least $4 billion a year by the end of 2024.
Pfizer said on Tuesday that Chief Commercial Officer Angela Hwang would step down, and the company would reorganize its commercial business, not including oncology, into two divisions, one focused on the United States and the other on the rest of the world.
Citi analyst Andrew Baum said Pfizer's management is acting with increasing urgency to address its weak stock performance. However, the absence of promising high-potential pipeline assets makes it difficult for the company with several Pfizer products expected to go off patent in the next few years.
Pfizer's shares underperform rivals, broader index https://tmsnrt.rs/4afelRr
(Reporting by Leroy Leo in Bengaluru; Editing by Nick Zieminski and Bill Berkrot)
((Leroy.Dsouza@thomsonreuters.com ; https://twitter.com/LeroyLeo7;))
The views and 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 Leroy Leo and Michael Erman Dec 13 (Reuters) - Pfizer PFE.N on Wednesday forecast 2024 sales that could be as much as $5 billion below Wall Street expectations, a move top executives said provided a more reliable view of its COVID-19 business than it had this year, driving shares to a 10-year low. Pfizer used some of its COVID windfall to acquire companies, including a $43 billion deal for cancer drugmaker Seagen it expects to close this week, and began selling a new RSV vaccine. The precipitous drop in COVID product sales had also forced Pfizer to launch a program to cut jobs and expenses, which is now expected to save at least $4 billion a year by the end of 2024.
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Revenue from Pfizer's COVID-19 vaccine and treatment, which peaked at $57 billion in 2022, are now expected to be $8 billion in 2024, a further drop from the $13 billion analysts' forecast and Pfizer's own lowered view of $12.5 billion for this year. Pfizer used some of its COVID windfall to acquire companies, including a $43 billion deal for cancer drugmaker Seagen it expects to close this week, and began selling a new RSV vaccine. Pfizer now expects annual revenue in the range of $58.5 billion to $61.5 billion, compared with analysts' average estimate of $63.17 billion, according to LSEG data.
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By Leroy Leo and Michael Erman Dec 13 (Reuters) - Pfizer PFE.N on Wednesday forecast 2024 sales that could be as much as $5 billion below Wall Street expectations, a move top executives said provided a more reliable view of its COVID-19 business than it had this year, driving shares to a 10-year low. Revenue from Pfizer's COVID-19 vaccine and treatment, which peaked at $57 billion in 2022, are now expected to be $8 billion in 2024, a further drop from the $13 billion analysts' forecast and Pfizer's own lowered view of $12.5 billion for this year. Pfizer now expects annual revenue in the range of $58.5 billion to $61.5 billion, compared with analysts' average estimate of $63.17 billion, according to LSEG data.
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Revenue from Pfizer's COVID-19 vaccine and treatment, which peaked at $57 billion in 2022, are now expected to be $8 billion in 2024, a further drop from the $13 billion analysts' forecast and Pfizer's own lowered view of $12.5 billion for this year. Pfizer used some of its COVID windfall to acquire companies, including a $43 billion deal for cancer drugmaker Seagen it expects to close this week, and began selling a new RSV vaccine. Seagen is expected to add $3.1 billion to revenue next year.
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2023-12-11 00:00:00 UTC
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Health Care Sector Update for 12/13/2023: ACAD, ZLAB, VRTX, PFE
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https://www.nasdaq.com/articles/health-care-sector-update-for-12-13-2023%3A-acad-zlab-vrtx-pfe
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Health care stocks advanced late Wednesday afternoon with the NYSE Health Care Index adding 1.4% and the Health Care Select Sector SPDR Fund (XLV) climbing 1.7%.
The iShares Biotechnology ETF (IBB) jumped 4%.
In corporate news, Acadia Pharmaceuticals (ACAD) shares soared 33% after a federal court granted it summary judgment in a patent case related to a Parkinson's drug, according to a Wednesday court filing.
Zai Lab (ZLAB) shares climbed 11%, a day after the company said China's National Healthcare Security Administration added Vyvgart, Nuzyra and Zejula to its 2023 reimbursement drug list.
Vertex Pharmaceuticals (VRTX) shares jumped 13% after the company said a phase 2 study of VX-548 to treat patients with diabetic peripheral neuropathy resulted in a "statistically significant and clinically meaningful reduction in the primary endpoint" of change from baseline in the weekly average of daily pain intensity.
Pfizer (PFE) tumbled 6.9% after the company said it expected 2024 adjusted earnings of $2.05 to $2.25 per diluted share on revenue of $58.5 billion to $61.5 billion. Analysts polled by Capital IQ projected adjusted EPS of $3.17 on revenue of $63.18 billion.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Zai Lab (ZLAB) shares climbed 11%, a day after the company said China's National Healthcare Security Administration added Vyvgart, Nuzyra and Zejula to its 2023 reimbursement drug list. Vertex Pharmaceuticals (VRTX) shares jumped 13% after the company said a phase 2 study of VX-548 to treat patients with diabetic peripheral neuropathy resulted in a "statistically significant and clinically meaningful reduction in the primary endpoint" of change from baseline in the weekly average of daily pain intensity. Analysts polled by Capital IQ projected adjusted EPS of $3.17 on revenue of $63.18 billion.
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Health care stocks advanced late Wednesday afternoon with the NYSE Health Care Index adding 1.4% and the Health Care Select Sector SPDR Fund (XLV) climbing 1.7%. Vertex Pharmaceuticals (VRTX) shares jumped 13% after the company said a phase 2 study of VX-548 to treat patients with diabetic peripheral neuropathy resulted in a "statistically significant and clinically meaningful reduction in the primary endpoint" of change from baseline in the weekly average of daily pain intensity. Pfizer (PFE) tumbled 6.9% after the company said it expected 2024 adjusted earnings of $2.05 to $2.25 per diluted share on revenue of $58.5 billion to $61.5 billion.
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Health care stocks advanced late Wednesday afternoon with the NYSE Health Care Index adding 1.4% and the Health Care Select Sector SPDR Fund (XLV) climbing 1.7%. Vertex Pharmaceuticals (VRTX) shares jumped 13% after the company said a phase 2 study of VX-548 to treat patients with diabetic peripheral neuropathy resulted in a "statistically significant and clinically meaningful reduction in the primary endpoint" of change from baseline in the weekly average of daily pain intensity. Pfizer (PFE) tumbled 6.9% after the company said it expected 2024 adjusted earnings of $2.05 to $2.25 per diluted share on revenue of $58.5 billion to $61.5 billion.
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Health care stocks advanced late Wednesday afternoon with the NYSE Health Care Index adding 1.4% and the Health Care Select Sector SPDR Fund (XLV) climbing 1.7%. The iShares Biotechnology ETF (IBB) jumped 4%. In corporate news, Acadia Pharmaceuticals (ACAD) shares soared 33% after a federal court granted it summary judgment in a patent case related to a Parkinson's drug, according to a Wednesday court filing.
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2023-12-11 00:00:00 UTC
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Pre-Market Earnings Report for December 14, 2023 : JBL, KNOP, LIVE
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https://www.nasdaq.com/articles/pre-market-earnings-report-for-december-14-2023-%3A-jbl-knop-live
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The following companies are expected to report earnings prior to market open on 12/14/2023. Visit our Earnings Calendar for a full list of expected earnings releases.
Jabil Inc. (JBL)is reporting for the quarter ending November 30, 2023. The electrical company's consensus earnings per share forecast from the 3 analysts that follow the stock is $2.30. This value represents a 42.86% increase compared to the same quarter last year. JBL missed the consensus earnings per share in the 4th calendar quarter of 2022 by -14.81%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for JBL is 14.49 vs. an industry ratio of 13.80, implying that they will have a higher earnings growth than their competitors in the same industry.
KNOT Offshore Partners LP (KNOP)is reporting for the quarter ending September 30, 2023. The shipping company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.11. This value represents a 123.40% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2023 Price to Earnings ratio for KNOP is 534.00 vs. an industry ratio of 21.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Live Ventures Incorporated (LIVE)is reporting for the quarter ending September 30, 2023. The diversified operations company's consensus earnings per share forecast from the 1 analyst that follows the stock is $1.43. This value represents a 3.62% increase compared to the same quarter last year. Zacks Investment Research reports that the 2023 Price to Earnings ratio for LIVE is 7.93 vs. an industry ratio of 8.50.
The views and 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 electrical company's consensus earnings per share forecast from the 3 analysts that follow the stock is $2.30. The shipping company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.11. The diversified operations company's consensus earnings per share forecast from the 1 analyst that follows the stock is $1.43.
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Zacks Investment Research reports that the 2024 Price to Earnings ratio for JBL is 14.49 vs. an industry ratio of 13.80, 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 KNOP is 534.00 vs. an industry ratio of 21.00, 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 LIVE is 7.93 vs. an industry ratio of 8.50.
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Zacks Investment Research reports that the 2024 Price to Earnings ratio for JBL is 14.49 vs. an industry ratio of 13.80, 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 KNOP is 534.00 vs. an industry ratio of 21.00, 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 LIVE is 7.93 vs. an industry ratio of 8.50.
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Jabil Inc. (JBL)is reporting for the quarter ending November 30, 2023. JBL missed the consensus earnings per share in the 4th calendar quarter of 2022 by -14.81%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for JBL is 14.49 vs. an industry ratio of 13.80, implying that they will have a higher earnings growth than their competitors in the same industry.
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2023-12-11 00:00:00 UTC
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The 7 Most Undervalued Growth Stocks to Buy in December
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https://www.nasdaq.com/articles/the-7-most-undervalued-growth-stocks-to-buy-in-december
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Stocks of a lot of well-known and historically great companies are on sale right now. Many marquee names haven’t shared in this year’s market rally and are in the red for 2023. This presents a fantastic opportunity for investors to buy great stocks at distressed prices.
For long-term investors, they can now buy beaten down stocks at a discount and great valuation, and benefit when the share price eventually recovers and climbs higher. Some of the most bruised stocks of 2023 already seem to be staging a comeback and are showing signs of life as we barrel into 2024.
Here are the seven most undervalued growth stocks to buy in December.
Nike (NKE)
Source: TY Lim / Shutterstock.com
Sneaker giant Nike (NYSE:NKE) just got an impressive upgrade ahead of its upcoming earnings report on Dec. 21. Analysts at Citigroup (NYSE:C) have upgraded the stock to a “buy” rating from “neutral” previously, and raised their price target on the shares to $135 from $110. Citigroup analyst Paul Lejuez said he is confident in the future of Nike as its China business recovers and its inventories decline following the Covid-19 pandemic.
Other tailwinds that Citigroup sees for Nike include lower freight costs, growth in its direct to consumer strategy, and improving margins. Nike and its stock have struggled coming out of the pandemic due to issues that have included bloated inventories, slowing sales in China, and production problems at its factories in Southeast Asia. Citigroup said it sees most of those issues being resolved over the coming year. NKE stock is flat in 2023 (up less than 1%). However, the share price is up 64% over five years.
Ford Motor Co. (F)
Source: D K Grove / Shutterstock.com
Ford Motor Co. (NYSE:F) has just announced that it is cutting the 2024 production of its fully electric F-150 Lightning pick-up truck in half following a costly strike by the United Auto Workers (UAW) union. The new production plan calls for 1,600 F-150 Lightning pick-up trucks to be made a week at Ford’s main plant in Dearborn, Michigan. Previously the automaker planned to produce as many as 3,200 F-150 Lightning trucks per week in 2024.
Following a costly six-week strike by the UAW, Ford has canceled or postponed $12 billion worth of electric vehicle investments. Electric vehicle demand has been slower than the auto industry expected, as prices and interest rates remain elevated. However, sales of the F-150 Lightning have steadily increased in 2023, recording a monthly record of 4,400 sales in November. The gasoline-powered version of the F-150 pick-up truck has been among the bestselling vehicles in North America every year since 1976.
F stock is down 5% in 2023 but shows signs of improving now that the UAW strike is over.
Hasbro (HAS)
Source: Nico Bekasinski / Shutterstock.com
Toymaker Hasbro (NASDAQ:HAS) is struggling, but management is trying to turn things around. The company just announced that it is laying off 1,100 workers as weak toy sales persist into the holiday shopping season. Hasbro began 2023 with 6,300 employees. Earlier in the year, the company let go 800 staff as sales of its toys that include “Transformers,” “Nerf” products, and “My Little Pony” slumped. Now, the company is further reducing its headcount as it tries to right its own ship.
Hasbro warned in October that it was seeing a slowdown in sales and that demand for toys was weakening. In its most recent quarterly earnings, Hasbro lowered its full-year guidance, saying it expects a 15% sales decline for the current fiscal year. The company said that typically reliable brands such as “Nerf” are no longer selling as well and that overall sales had fallen 18%. HAS stock fell 2% on news of the latest layoffs, bringing its year-to-date decline to 23%. But a turnaround appears underway.
Walt Disney Co. (DIS)
Source: chrisdorney / Shutterstock
You can’t say they’re not trying over at the Magic Kingdom. Walt Disney Co. (NYSE:DIS) just reinstated its dividend payment to shareholders after a three year suspension. The world’s biggest entertainment company announced that it will pay a dividend of 30 cents a share to stockholders of record as of Dec. 11. The payment will be issued in January 2024. Disney had suspended its dividend in early 2020 at the onset of the COVID-19 pandemic.
The dividend’s return is just the latest step that Disney has taken to try to turn its business around and get DIS stock moving in the right direction again. The company has also let go more than 7,000 workers, raised prices on its Disney+ streaming platform at its theme parks, introduced advertisements to its streaming service, and cutback its content spend. So far, DIS stock hasn’t responded and is down 4% over the last 12 months. However, there is reason to believe the magic will return to Disney in the coming year.
Boeing Co. (BA)
Source: Marco Menezes / Shutterstock.com
Aircraft manufacturer Boeing Co. (NYSE:BA) has just appointed a chief operating officer (COO), the first in the company’s history. Stephanie Pope is taking on the newly created COO role and is seen as a candidate to replace CEO David Calhoun when he retires. Pope currently heads the aftermarket business unit called “Boeing Global Services”, which was the only segment at the company to report a profit through the first nine months of 2023.
Calhoun, who has steered Boeing through one of its most difficult periods after multiple deadly crashes and the Covid-19 pandemic, is expected to remain at the helm of the company for at least another year. Pope assumes the new COO job on Jan. 1. Having joined Boeing in 1994, Pope has worked in all of the company’s business units over the years. Also believed to be in the running to succeed Calhoun are Boeing chief financial officer (CFO) Brian West and head of commercial airplanes Stan Deal.
BA stock is on the mend, having increased 28% in 2023. However, the share price is currently trading 22% lower than where it was five years ago. The company continues to enjoy a duopoly position in the market for commercial aircraft along with Airbus SA of France.
Occidental Petroleum (OXY)
Source: T. Schneider / Shutterstock.com
Tough times in the oil patch. The price of crude has now fallen to $68 a barrel from more than $90 earlier in 2023. The price decline has pressured oil stocks, including Occidental Petroleum (NYSE:OXY). However, management at Occidental isn’t letting the slumping price of crude oil keep them from building the future of the company. Occidental Petroleum just announced that it is buying privately held energy producer CrownRock in a deal worth $12 billion.
The deal, which is winning praise on Wall Street, will boost Occidental’s acreage in the oil-rich Permian basin of Texas. Specifically, the CrownRock deal will provide Occidental Petroleum with more than 94,000 net acres of land in the Permian basin, which is the largest and richest oil area in America. The deal is expected to close in the first quarter of 2024 and will be immediately accretive to Occidental Petroleum’s cash flow. Occidental also raised its quarterly dividend to 22 cents a share from 18 cents previously.
OXY stock is down 10% this year due to the slide in crude oil prices. Any rise in the price of crude is sure to lift this stock with it.
AbbVie (ABBV)
Source: Valeriya Zankovych / Shutterstock.com
Speaking of acquisitions, drug maker AbbVie (NYSE:ABBV) is buying neuroscience pharmaceutical specialist Cerevel Therapeutics (NASDAQ:CERE) for $8.7 billion. AbbVie has agreed to pay $45 for each share of Cerevel and plans to complete the purchase by the middle of next year. The acquisition represents the latest effort by AbbVie to expand its prescription drug portfolio as its top-selling arthritis medication, Humira, loses its patent protection.
Recently, AbbVie agreed to buy cancer drug maker Immunogen (NASDAQ:IMGN) for $10 billion. Cerevel Therapeutics will enhance AbbVie’s psychiatric and neurological disorder medications. AbbVie will also gain access to experimental treatments for schizophrenia and Alzheimer’s disease. Humira has long been one of the top selling medications in the world, racking up annual sales of $21 billion in 2022 alone. But it now faces competition from generic versions, requiring AbbVie to look elsewhere for future growth.
ABBV stock has declined 6% in 2023 though it has rebounded and gained 10% in the last month.
On the date of publication, Joel Baglole held a long position in DIS. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia.
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The post The 7 Most Undervalued Growth Stocks to Buy in December appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Nike and its stock have struggled coming out of the pandemic due to issues that have included bloated inventories, slowing sales in China, and production problems at its factories in Southeast Asia. The acquisition represents the latest effort by AbbVie to expand its prescription drug portfolio as its top-selling arthritis medication, Humira, loses its patent protection. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia.
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Nike and its stock have struggled coming out of the pandemic due to issues that have included bloated inventories, slowing sales in China, and production problems at its factories in Southeast Asia. The price decline has pressured oil stocks, including Occidental Petroleum (NYSE:OXY). AbbVie (ABBV) Source: Valeriya Zankovych / Shutterstock.com Speaking of acquisitions, drug maker AbbVie (NYSE:ABBV) is buying neuroscience pharmaceutical specialist Cerevel Therapeutics (NASDAQ:CERE) for $8.7 billion.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Stocks of a lot of well-known and historically great companies are on sale right now. Analysts at Citigroup (NYSE:C) have upgraded the stock to a “buy” rating from “neutral” previously, and raised their price target on the shares to $135 from $110. The price decline has pressured oil stocks, including Occidental Petroleum (NYSE:OXY).
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Analysts at Citigroup (NYSE:C) have upgraded the stock to a “buy” rating from “neutral” previously, and raised their price target on the shares to $135 from $110. However, the share price is up 64% over five years. Having joined Boeing in 1994, Pope has worked in all of the company’s business units over the years.
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2023-12-11 00:00:00 UTC
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Media giant Vivendi to examine spinning off some units onto stock market
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https://www.nasdaq.com/articles/media-giant-vivendi-to-examine-spinning-off-some-units-onto-stock-market
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By Sudip Kar-Gupta
PARIS, Dec 13 (Reuters) - French media company Vivendi VIV.PA said it had decided to examine splitting up some of its activities into several entities, each of which would then be listed on the stock market, in order to boost their growth and development.
Vivendi - in which France's billionaire Bollore family holds the biggest individual stake - said the businesses that could be spun off in this way included its TV unit Canal Plus, advertising arm Havas and an investment company holding its stake in French company Lagardere LAGA.PA.
"The investment company would actively support the strategic development of its portfolio companies and would focus on value creation and capital return to its shareholders, through an effective portfolio rotation and a targeted reinvestment policy," said Vivendi in a statement.
It added that this plan would help it overcome what Vivendi said was a 'high conglomerate discount' regarding its valuation.
In October, Vivendi had reported a rise in its third quarter revenues, driven by growth at Canal Plus and Havas.
Vivendi is also the biggest shareholder in Telecom Italia TLIT.MI. Vivendi is expected to challenge legally Telecom Italia's 19 billion euros ($20.7 billion) sale of its prized fixed-line grid to U.S. fund KKR KKR.N.
Shares in Vivendi closed up 0.7 percent on Wednesday, giving it a market capitalisation of roughly 9 billion euros.
($1 = 0.9190 euros)
(Reporting by Sudip Kar-Gupta; editing by Jonathan Oatis and David Gregorio)
((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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By Sudip Kar-Gupta PARIS, Dec 13 (Reuters) - French media company Vivendi VIV.PA said it had decided to examine splitting up some of its activities into several entities, each of which would then be listed on the stock market, in order to boost their growth and development. Vivendi - in which France's billionaire Bollore family holds the biggest individual stake - said the businesses that could be spun off in this way included its TV unit Canal Plus, advertising arm Havas and an investment company holding its stake in French company Lagardere LAGA.PA. Shares in Vivendi closed up 0.7 percent on Wednesday, giving it a market capitalisation of roughly 9 billion euros.
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Vivendi - in which France's billionaire Bollore family holds the biggest individual stake - said the businesses that could be spun off in this way included its TV unit Canal Plus, advertising arm Havas and an investment company holding its stake in French company Lagardere LAGA.PA. Vivendi is expected to challenge legally Telecom Italia's 19 billion euros ($20.7 billion) sale of its prized fixed-line grid to U.S. fund KKR KKR.N. ($1 = 0.9190 euros) (Reporting by Sudip Kar-Gupta; editing by Jonathan Oatis and David Gregorio) ((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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By Sudip Kar-Gupta PARIS, Dec 13 (Reuters) - French media company Vivendi VIV.PA said it had decided to examine splitting up some of its activities into several entities, each of which would then be listed on the stock market, in order to boost their growth and development. Vivendi - in which France's billionaire Bollore family holds the biggest individual stake - said the businesses that could be spun off in this way included its TV unit Canal Plus, advertising arm Havas and an investment company holding its stake in French company Lagardere LAGA.PA. "The investment company would actively support the strategic development of its portfolio companies and would focus on value creation and capital return to its shareholders, through an effective portfolio rotation and a targeted reinvestment policy," said Vivendi in a statement.
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By Sudip Kar-Gupta PARIS, Dec 13 (Reuters) - French media company Vivendi VIV.PA said it had decided to examine splitting up some of its activities into several entities, each of which would then be listed on the stock market, in order to boost their growth and development. Vivendi - in which France's billionaire Bollore family holds the biggest individual stake - said the businesses that could be spun off in this way included its TV unit Canal Plus, advertising arm Havas and an investment company holding its stake in French company Lagardere LAGA.PA. Vivendi is expected to challenge legally Telecom Italia's 19 billion euros ($20.7 billion) sale of its prized fixed-line grid to U.S. fund KKR KKR.N.
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2023-12-11 00:00:00 UTC
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Can Equal-Weighted ETFs Outperform the S&P 500 in 2024?
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https://www.nasdaq.com/articles/can-equal-weighted-etfs-outperform-the-sp-500-in-2024
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The biggest market story of the year is the outsized role of the Magnificent Seven stocks in the market rally. Apple AAPL, Microsoft MSFT, Alphabet GOOGL, Amazon AMZN, NVIDIA NVDA, Meta Platforms META and Tesla TSLA now account for almost 29% of the S&P 500.
The tech-heavy Nasdaq 100 index had to undergo a special rebalancing earlier this year when the weight of these seven stocks went over 55% of the index.
The weight of the top 10 stocks in the broad index has now increased to 32%, versus the average of 20% over the last 35 years. During the dot-com bubble, the total weight of the top 10 stocks topped out at 25%, according to Goldman Sachs.
Unlike during the tech bubble, these companies are highly profitable, and their valuations, though elevated, are comparable to those seen in recent history.
They have stable cash flows and low leverage and could continue to do well if the economy slows down while interest rates stay at elevated levels for an extended period.
We have seen a broadening of the rally lately. Since bottoming in late October, all sectors except Energy are up. Areas like Real Estate, Financials, and Consumer Discretionary have significantly outperformed the Technology sector over the past month.
The Invesco S&P 500 Equal Weight ETF RSP has outperformed the market-cap-weighted index since its inception in 2003. Investors who are worried about a handful of stocks dominating funds tracking market-cap-weighted indexes have poured $9.5 billion into this ETF year-to-date.
To learn about RSP, First Trust NASDAQ-100 Equal Weighted ETFQQEW, Direxion NASDAQ-100 Equal Weighted Index Shares QQQE and iShares MSCI USA Equal Weighted ETF: EUSA, please watch the short video above.
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Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
Apple Inc. (AAPL) : Free Stock Analysis Report
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NVIDIA Corporation (NVDA) : Free Stock Analysis Report
Tesla, Inc. (TSLA) : Free Stock Analysis Report
Alphabet Inc. (GOOGL) : Free Stock Analysis Report
Invesco S&P 500 Equal Weight ETF (RSP): ETF Research Reports
First Trust NASDAQ-100 Equal Weighted ETF (QQEW): ETF Research Reports
Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE): ETF Research Reports
iShares MSCI USA Equal Weighted ETF (EUSA): ETF Research Reports
Meta Platforms, Inc. (META) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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They have stable cash flows and low leverage and could continue to do well if the economy slows down while interest rates stay at elevated levels for an extended period. Areas like Real Estate, Financials, and Consumer Discretionary have significantly outperformed the Technology sector over the past month. Investors who are worried about a handful of stocks dominating funds tracking market-cap-weighted indexes have poured $9.5 billion into this ETF year-to-date.
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Apple AAPL, Microsoft MSFT, Alphabet GOOGL, Amazon AMZN, NVIDIA NVDA, Meta Platforms META and Tesla TSLA now account for almost 29% of the S&P 500. To learn about RSP, First Trust NASDAQ-100 Equal Weighted ETFQQEW, Direxion NASDAQ-100 Equal Weighted Index Shares QQQE and iShares MSCI USA Equal Weighted ETF: EUSA, please watch the short video above. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Invesco S&P 500 Equal Weight ETF (RSP): ETF Research Reports First Trust NASDAQ-100 Equal Weighted ETF (QQEW): ETF Research Reports Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE): ETF Research Reports iShares MSCI USA Equal Weighted ETF (EUSA): ETF Research Reports Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here.
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They have stable cash flows and low leverage and could continue to do well if the economy slows down while interest rates stay at elevated levels for an extended period. To learn about RSP, First Trust NASDAQ-100 Equal Weighted ETFQQEW, Direxion NASDAQ-100 Equal Weighted Index Shares QQQE and iShares MSCI USA Equal Weighted ETF: EUSA, please watch the short video above. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Invesco S&P 500 Equal Weight ETF (RSP): ETF Research Reports First Trust NASDAQ-100 Equal Weighted ETF (QQEW): ETF Research Reports Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE): ETF Research Reports iShares MSCI USA Equal Weighted ETF (EUSA): ETF Research Reports Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Invesco S&P 500 Equal Weight ETF RSP has outperformed the market-cap-weighted index since its inception in 2003. Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Invesco S&P 500 Equal Weight ETF (RSP): ETF Research Reports First Trust NASDAQ-100 Equal Weighted ETF (QQEW): ETF Research Reports Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE): ETF Research Reports iShares MSCI USA Equal Weighted ETF (EUSA): ETF Research Reports Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here.
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0c7e4d42-2342-470b-9ebf-c6cdfb933035
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713438.0
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2023-12-11 00:00:00 UTC
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5 Large-Cap Stocks That Are Primed to Outshine the Magnificent 7 in 2024
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DCOMP
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https://www.nasdaq.com/articles/5-large-cap-stocks-that-are-primed-to-outshine-the-magnificent-7-in-2024
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
There’s more to the market than the vaunted Magnificent 7. Investors are doing themselves a disservice if they limit themselves to the mega-cap stocks of the Nasdaq. Companies outside of tech should be able to do well in 2024, especially if the Federal Reserve starts to cut interest rates in the middle of next year to try and guide the economy toward a soft landing.
So how can investors find compelling bargains in other industries that could be future winners? Stock screening tools can be a valuable way to identify companies that trade at attractive prices and are expected to post strong levels of earnings growth.
I used the free online screen from Zacks Investment Research to look for large-cap companies with relatively low price-to-earnings ratios that also have the potential for solid increases in sales, profits and stock prices. I also made sure that the companies that made it through my screening process had strong enough balance sheets to pay dividends and were also top picks of Wall Street analysts.
Two dozen stocks made it through to my final cut. Of those 24, these five look particularly compelling for 2024…especially if consumers continue to keep spending.
LVMH (LVMUY)
Source: Postmodern Studio / Shutterstock.com
LVMH Moët Hennessy Louis Vuitton (OTCMKTS:LVMUY), the French luxury goods retailer, should benefit from healthy demand for high-end leather, jewelry and cosmetics as well as premium alcoholic beverages. The company owns the Tiffany, Fendi, Givenchy, TAG Heuer and Dom Pérignon brands… among many others.
Sales were up 14% in the first three quarters of 2023 and analysts are forecasting that earnings will increase 18% this year. Despite that, LVMH trades like a relative bargain at just 23 times earnings estimates.
TJX (TJX)
Source: Joe Hendrickson / Shutterstock.com
TJX (NYSE:TJX), the owner of the Marshalls, TJ Maxx and HomeGoods retail chains, is thriving as consumers continue to scour for discounts.
The stock is trading near a record high and analysts are still bullish. Earnings are expected to rise more than 20% this year. TJX recently boosted its 2024 sales outlook too, with CEO Ernie Herman saying in the company’s third quarter results that TJX’s “treasure-hunt shopping experience continued to resonate with consumers.”
Sherwin-Williams (SHW)
Source: Ken Wolter / Shutterstock.com
Sherwin-Williams (NYSE:SHW) is painting a pretty picture for shareholders. The company is benefiting from vibrant consumer demand and a steady housing market.
The recent drop in long-term bond yields, thanks to ebbing inflation fears and hopes for Fed rate cuts, could also help boost demand for housing (and building supplies like paint) as mortgage rates dip. Wall Street is forecasting an 18% jump in profits this year.
Delta Air Lines (DAL)
Source: Markus Mainka / Shutterstock.com
Delta Air Lines (NYSE:DAL) had a phenomenal third quarter as people kept flying for business and leisure.
Domestic revenue was up 6% while international revenue soared 35% from the same period a year ago, led by strong demand for transatlantic trips. Delta expects planes to be packed during the holidays as well. “Robust demand for travel on Delta is continuing into the December quarter,” said Delta president Glen Hauenstein in the third quarter earnings report.
With that in mind, it’s no wonder that analysts are predicting a 90% surge in earnings for 2023 and continued growth of more than 30%, on average, over the next few years.
Domino’s Pizza (DPZ)
Source: Ken Wolter / Shutterstock.com
Domino’s Pizza (NYSE:DPZ), like many other food stocks, took a bit of a hit earlier this year due to fears that Ozempic, Wegovy, Mounjaro and other popular injectable weight loss drugs would hurt demand. But those worries may be for naught.
Analysts expect steady earnings growth next year and beyond, thanks to booming demand abroad. International sales were up nearly 10% from a year ago in the third quarter. The pizza giant also could gain new customers after it agreed back in July to finally join the growing third-party delivery trend. Domino’s struck a deal with Uber Eats and its Postmates subsidiary that lets customers order food on those popular apps.
As of this writing, Paul R. La Monica 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.
Paul R. La Monica is a veteran financial journalist with nearly 30 years experience (including more than 20 at CNN) covering the stock market and other asset classes, the economy and other corporate and business news.
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The post 5 Large-Cap Stocks That Are Primed to Outshine the Magnificent 7 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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I used the free online screen from Zacks Investment Research to look for large-cap companies with relatively low price-to-earnings ratios that also have the potential for solid increases in sales, profits and stock prices. Source: Postmodern Studio / Shutterstock.com LVMH Moët Hennessy Louis Vuitton (OTCMKTS:LVMUY), the French luxury goods retailer, should benefit from healthy demand for high-end leather, jewelry and cosmetics as well as premium alcoholic beverages. Paul R. La Monica is a veteran financial journalist with nearly 30 years experience (including more than 20 at CNN) covering the stock market and other asset classes, the economy and other corporate and business news.
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TJX recently boosted its 2024 sales outlook too, with CEO Ernie Herman saying in the company’s third quarter results that TJX’s “treasure-hunt shopping experience continued to resonate with consumers.” Sherwin-Williams (SHW) Source: Ken Wolter / Shutterstock.com Sherwin-Williams (NYSE:SHW) is painting a pretty picture for shareholders. Delta Air Lines (DAL) Source: Markus Mainka / Shutterstock.com Delta Air Lines (NYSE:DAL) had a phenomenal third quarter as people kept flying for business and leisure. Domino’s Pizza (DPZ) Source: Ken Wolter / Shutterstock.com Domino’s Pizza (NYSE:DPZ), like many other food stocks, took a bit of a hit earlier this year due to fears that Ozempic, Wegovy, Mounjaro and other popular injectable weight loss drugs would hurt demand.
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Stock screening tools can be a valuable way to identify companies that trade at attractive prices and are expected to post strong levels of earnings growth. TJX recently boosted its 2024 sales outlook too, with CEO Ernie Herman saying in the company’s third quarter results that TJX’s “treasure-hunt shopping experience continued to resonate with consumers.” Sherwin-Williams (SHW) Source: Ken Wolter / Shutterstock.com Sherwin-Williams (NYSE:SHW) is painting a pretty picture for shareholders. Domino’s Pizza (DPZ) Source: Ken Wolter / Shutterstock.com Domino’s Pizza (NYSE:DPZ), like many other food stocks, took a bit of a hit earlier this year due to fears that Ozempic, Wegovy, Mounjaro and other popular injectable weight loss drugs would hurt demand.
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Stock screening tools can be a valuable way to identify companies that trade at attractive prices and are expected to post strong levels of earnings growth. Sales were up 14% in the first three quarters of 2023 and analysts are forecasting that earnings will increase 18% this year. International sales were up nearly 10% from a year ago in the third quarter.
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348c26db-f29c-4d32-9ada-272e71bba050
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713439.0
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2023-12-11 00:00:00 UTC
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Why Upstart Stock Blasted 20% Higher Today
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DCOMP
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https://www.nasdaq.com/articles/why-upstart-stock-blasted-20-higher-today
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nan
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nan
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Shares of Upstart Holdings (NASDAQ: UPST) charged sharply on Wednesday, climbing as much as 20.9%. When the market closed, the stock was still up 20.3%.
The major market indexes were trading higher after the Federal Reserve Bank decided to hold interest rates steady in its last rate decision of 2023 and signaled potential rate cuts next year. While that was likely the primary catalyst that pushed the fintech stock higher, the company also announced a new banking partner.
A new financial partner
In a press release that dropped early Wednesday, the company announced that Mutual Security Credit Union had selected Upstart's artificial intelligence (AI)-based lending system "to provide personal loans to more people."
The financial institution, which operates in western Connecticut and has assets of more than $390 million, has been an Upstart Referral Network lending partner since September. The credit union says Upstart "allows us to extend our reach and provide a modern, digital-first experience to drive more inclusive lending within the community."
This is a significant vote of confidence for Upstart's AI-powered system, which assesses more than 1,500 variables to determine creditworthiness, resulting in more loans to consumers at lower annual percentage rates (APRs). This latest win also adds to the roster of more than 100 banks and credit unions in Upstart's network.
It's (also) the economy
One of the biggest factors that weighed on Upstart over the past couple of years is the quickly rising interest rate environment. As rates increase, the spread between what a bank pays depositors and what it earns from loans shrinks, eating into profit margins. Furthermore, the one-two punch of high inflation and rising rates pressured consumers, raising the risk of loan defaults.
The decision by the Fed to hold interest rates steady in anticipation of rate cuts next year is good news for banks, and by default, good news for Upstart. Add to that the company's growing list of banking partners, and it was a pretty good day for Upstart and its investors.
Should you invest $1,000 in Upstart right now?
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See the 10 stocks
*Stock Advisor returns as of December 11, 2023
Danny Vena has positions in Upstart. The Motley Fool has positions in and recommends Upstart. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A new financial partner In a press release that dropped early Wednesday, the company announced that Mutual Security Credit Union had selected Upstart's artificial intelligence (AI)-based lending system "to provide personal loans to more people." The credit union says Upstart "allows us to extend our reach and provide a modern, digital-first experience to drive more inclusive lending within the community." This is a significant vote of confidence for Upstart's AI-powered system, which assesses more than 1,500 variables to determine creditworthiness, resulting in more loans to consumers at lower annual percentage rates (APRs).
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A new financial partner In a press release that dropped early Wednesday, the company announced that Mutual Security Credit Union had selected Upstart's artificial intelligence (AI)-based lending system "to provide personal loans to more people." The decision by the Fed to hold interest rates steady in anticipation of rate cuts next year is good news for banks, and by default, good news for Upstart. Before you buy stock in Upstart, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Upstart wasn't one of them.
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The decision by the Fed to hold interest rates steady in anticipation of rate cuts next year is good news for banks, and by default, good news for Upstart. Before you buy stock in Upstart, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Upstart wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Danny Vena has positions in Upstart.
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A new financial partner In a press release that dropped early Wednesday, the company announced that Mutual Security Credit Union had selected Upstart's artificial intelligence (AI)-based lending system "to provide personal loans to more people." The decision by the Fed to hold interest rates steady in anticipation of rate cuts next year is good news for banks, and by default, good news for Upstart. Before you buy stock in Upstart, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Upstart wasn't one of them.
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81555626-a169-4366-b458-fa8b50a3cf5e
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713440.0
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2023-12-11 00:00:00 UTC
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3 Buy-Rated Growth Stocks to Own for 2024
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DCOMP
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https://www.nasdaq.com/articles/3-buy-rated-growth-stocks-to-own-for-2024
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nan
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The high interest rate environment over the past year and a half has been challenging for growth stocks - at least, for those that haven't been swept up in the epic artificial intelligence (AI)-fueled rally powering some of the tech sector standouts.
While the Fed's policy-tightening campaign to combat rising inflation has been a headwind for some rate-sensitive stocks, indications out of this week's meeting seem to confirm that the table is set for a full-on pivot to rate cuts in 2024 - which means the path of least resistance may be higher for growth names in the year ahead.
Against this backdrop, here's a look at three high-quality growth stocks for investors looking to gain exposure to this space.
Live Nation Entertainment
Founded in 1995, Live Nation (LYV) is a multinational entertainment company that promotes, operates, and manages ticket sales for live entertainment events globally. The California-based company is best known for producing live music concerts, selling tickets (through its subsidiary Ticketmaster, which is one of the world's leading live entertainment ticketing sales and marketing companies), and owning and operating venues. Its market cap currently stands at $20.74 billion.
Live Nation stock is up 25% on a YTD basis, edging out the roughly 21% gain in the S&P 500 Index ($SPX) over this time frame.
www.barchart.com
Live Nation's latest numbers for Q3 2023 were strong, as both revenue and earnings beat Wall Street's estimates. Revenues increased by 32% from the previous year to $8.15 billion, boosted primarily by 32% yearly growth in revenues from concerts to roughly $7 billion. Meanwhile, EPS rose 28% to $1.78, topping analysts' expectations of $1.27. In fact, the company's EPS has exceeded expectations in four out of the past five quarters.
Although LYV's net long-term debt rose to about $6.5 billion from $5.4 billion at the beginning of the year, the company has a solid cash balance of $6 billion.
Notably, Live Nation's dominance in the global live shows arena has helped boost its revenue results, even as it has drawn regulatory scrutiny - particularly for its Ticketmaster division.
Analysts don't appear to be pricing in any major regulatory hurdles, though, as Live Nation's key growth metrics are well above the sector median. With forward revenue growth and long-term EPS (3-5 years CAGR) at 54.76% and 38.50%, respectively, the entertainment giant is projected for above-average growth in the years ahead.
Overall, analysts have deemed the stock a “Strong Buy” with a mean target price of $110.78. This denotes an upside potential of about 26% from current levels. Out of 14 analysts covering the stock, 12 have a “Strong Buy” rating and 2 have a “Hold” rating.
www.barchart.com
T-Mobile US
Founded in 1994, the current iteration of T-Mobile US (TMUS) was formed by a merger with MetroPCS Communications. T-Mobile has since emerged as the third-largest wireless carrier in the U.S., with over 117 million subscribers. It provides mobile phone, Internet, and television services to its consumers, and it's a leader in the 5G space, with its network reaching 98% of all Americans.
T-Mobile's median download and upload speeds for Q3 were significantly faster than those of legacy carriers AT&T (T) and Verizon (VZ), according to Ookla test results.
The company currently commands a market cap of $185.54 billion, and recently announced its first-ever dividend in September.
Shares of T-Mobile US are up 14.7% YTD to underperform the broader market, although the stock is outperforming both AT&T and Verizon by a wide margin.
www.barchart.com
TMUS reported a mixed third quarter, as revenues fell short of estimates while EPS beat expectations. Revenues dipped 1.2% from the previous year to $19.25 billion, while EPS jumped to $1.82 from $0.40 in the previous year - comfortably outpacing the consensus estimate of $1.70, and continuing a string of bottom-line beats for TMUS.
Notably, to continue this strong run-rate of revenue growth, T-Mobile is aiming to gain a foothold in the rural American market. The company is working with a goal to reach a 20% share of these households by the end of 2025.
Further, the company also raised the low end of its free cash flow guidance range for FY 2023. TMUS now expects free cash flow of $13.4 billion to $13.6 billion for the full fiscal year, up from $13.2 billion to $13.6 billion previously.
Impressively, over the past 10 years, T-Mobile's revenue and EPS have clocked a CAGR of 13.29% and 55.80%, respectively. Moreover, the company's forward EPS growth is projected at 60.6%, much higher than the sector median of 3.84%.
Analysts have an average “Strong Buy” rating on TMUS, with a mean target price of $180.53 - indicating expected upside potential of about 12.6% from current levels. Out of 17 analysts covering the stock, 13 have a “Strong Buy” rating, 3 have a “Moderate Buy,” and 1 has a “Hold” rating.
www.barchart.com
Booking Holdings
We round out our list with Booking Holdings (BKNG), a global online travel company that operates a variety of popular brands like Booking.com, Priceline, Agoda, OpenTable, and KAYAK, among others. Founded in 1996, these brands offer a plethora of travel products and services to consumers and businesses around the world.
Notably, Booking.com is the world's leading brand for booking online accommodation reservations, based on room nights booked, occupying the number one position in the travel space. Booking dominates in the European market, and it's second only to Expedia (EXPE) in the U.S. market.
Commanding a market cap of $118.71 billion, Booking stock has rallied 69.5% on a YTD basis.
www.barchart.com
Booking reported solid Q3 earnings that beat on both the top and bottom line. Revenues were up 21% from the previous year to $7.3 billion, as gross travel bookings rose 24% to $39.8 billion. Quarterly EPS of $72.32 improved 36.4% from the prior year, and came in above the consensus estimate of $67.86. In fact, the company's EPS has topped expectations in each of the past five quarters.
The company maintains a substantial cash balance of $13.3 billion, higher than its long-term debt levels of $11.9 billion.
Booking has demonstrated consistent revenue and EPS growth over the long haul, clocking a 10-year CAGR of 12.34% and 15.13%, respectively. And looking ahead, forward revenue and EPS growth of 29.06% and 81.30% are projected to be well above their respective sector medians.
A key aspect of future growth at BKNG could stem from its AI Trip Planner, which it launched in June of this year. The aim of the planner is to let customers avoid the hassle of booking flights and hotels, making it as automatic as possible.
Overall, analysts have a “Moderate Buy” rating for BKNG with a mean target price of $3,451.45. This indicates an upside potential of roughly 8% from current levels. Out of 24 analysts covering the stock, 16 have a “Strong Buy” rating, 1 has a “Moderate Buy” rating, 6 have a “Hold” rating, and 1 has a “Strong Sell” rating.
www.barchart.com
On the date of publication, Pathikrit Bose did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The high interest rate environment over the past year and a half has been challenging for growth stocks - at least, for those that haven't been swept up in the epic artificial intelligence (AI)-fueled rally powering some of the tech sector standouts. While the Fed's policy-tightening campaign to combat rising inflation has been a headwind for some rate-sensitive stocks, indications out of this week's meeting seem to confirm that the table is set for a full-on pivot to rate cuts in 2024 - which means the path of least resistance may be higher for growth names in the year ahead. Analysts have an average “Strong Buy” rating on TMUS, with a mean target price of $180.53 - indicating expected upside potential of about 12.6% from current levels.
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Live Nation Entertainment Founded in 1995, Live Nation (LYV) is a multinational entertainment company that promotes, operates, and manages ticket sales for live entertainment events globally. Analysts have an average “Strong Buy” rating on TMUS, with a mean target price of $180.53 - indicating expected upside potential of about 12.6% from current levels. Out of 24 analysts covering the stock, 16 have a “Strong Buy” rating, 1 has a “Moderate Buy” rating, 6 have a “Hold” rating, and 1 has a “Strong Sell” rating.
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Revenues increased by 32% from the previous year to $8.15 billion, boosted primarily by 32% yearly growth in revenues from concerts to roughly $7 billion. TMUS now expects free cash flow of $13.4 billion to $13.6 billion for the full fiscal year, up from $13.2 billion to $13.6 billion previously. Out of 24 analysts covering the stock, 16 have a “Strong Buy” rating, 1 has a “Moderate Buy” rating, 6 have a “Hold” rating, and 1 has a “Strong Sell” rating.
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Analysts don't appear to be pricing in any major regulatory hurdles, though, as Live Nation's key growth metrics are well above the sector median. With forward revenue growth and long-term EPS (3-5 years CAGR) at 54.76% and 38.50%, respectively, the entertainment giant is projected for above-average growth in the years ahead. Impressively, over the past 10 years, T-Mobile's revenue and EPS have clocked a CAGR of 13.29% and 55.80%, respectively.
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713441.0
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2023-12-11 00:00:00 UTC
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Up 149% YTD, How High Can Roku (NASDAQ:ROKU) Stock Go in 2024?
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DCOMP
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https://www.nasdaq.com/articles/up-149-ytd-how-high-can-roku-nasdaq%3Aroku-stock-go-in-2024
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nan
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Media streaming company Roku’s (NASDAQ:ROKU) impressive third-quarter performance has fueled its stock price, driving it up by 149% year-to-date, outperforming the S&P 500’s (SPX) gain of 22%. Roku's revenue growth has begun to pick up again. Furthermore, the advertising market's recovery could be beneficial to Roku in the short term. However, I believe it could take a few more years for Roku to be profitable, which is why I'm currently bearish on ROKU stock.
Roku’s Q3 Performance Fueled Its Stock Price Performance
Roku is a television streaming platform whose affordability, ease of use, and vast content library have made it a household name. In its recent third quarter, active accounts grew to 75.8 million globally compared to 65.4 million in the prior-year quarter. Plus, global streaming hours on the platform increased by 22% year-over-year in Q3.
What sets Roku apart is its ecosystem, which includes both hardware and software elements. Roku's hardware includes a range of streaming devices that fall under its Devices segment. Thanks to its new Roku-branded televisions, Devices revenue jumped 33% year-over-year to $125.2 million in Q3.
Meanwhile, the Platform segment revenue, generated from content distribution and video advertising, also increased by 18% to $786.8 million from the prior-year quarter.
Roku’s stock price performance this year can be attributed to its strong revenue growth, which came in at 20% year-over-year, reaching $912 million, surpassing the consensus estimate of $857 million.
Profitability is Still a Long Shot
While revenue growth has been impressive, it has not been sufficient to propel the company to profitability. However, Roku is making progress, reporting a positive adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) of $43.4 million for the first time in the quarter.
In an 8-K filing in September, Roku announced that it was undertaking some drastic cost-cutting strategies this year. The goal is to bring down its “year-over-year operating expense growth rate by consolidating its office space utilization, performing a strategic review of its content portfolio, reducing outside services expenses, and slowing its year-over-year headcount expense growth rate through a workforce reduction and limiting new hires, among other measures.”
Strong revenue growth and cost reductions contributed to a positive EBITDA in the third quarter, according to the company. Furthermore, Roku expects the rebound in video ads to continue in Q4, predicting $955 million in revenue for the quarter. Management also stated, “We will continue to operate our business with discipline to defend margins, with a focus on driving positive free cash flow over time.”
Meanwhile, analysts foresee Q4 revenue to be around $966 million, and Roku’s full-year 2023 revenue is expected to increase by 9.8% year-over-year to $3.43 billion.
The competition in the streaming space is heating up. Roku's ability to be profitable in the coming years will be determined by how well it maintains and grows its user base while effectively reducing costs and monetizing its platform.
Is ROKU Stock a Buy, According to Analysts?
Overall, ROKU stock has earned a Moderate Buy consensus rating on TipRanks based on analyst ratings. Recently, Wedbush analyst Alicia Reese raised ROKU stock's price target, citing the possibility that the company's initiatives will result in higher revenue growth and consistent earnings in the long run. The analyst has a Buy rating on the stock.
Meanwhile, Citi analyst Jason Bazinet maintained his Hold rating on the stock, stating that while Roku's financial metrics may improve, the company's long-term outlook remains uncertain.
Out of the 23 analysts covering the stock, eight rate it a Buy, 13 rate it a Hold, and two rate the stock a Sell. ROKU has soared following its third-quarter results, surpassing its average price target of $87.84.
ROKU's high target price of $120, on the other hand, indicates upside potential of 18% in the next 12 months.
Since Roku is not profitable, it can be valued only based on its sales. Based on its estimated revenue growth of 11.8% to $3.84 billion in 2024, Roku is priced at a reasonable forward price-to-sales (P/S) ratio of 3.8, lower than its historical average of 10.8. Roku is also valued cheaper than its bigger competitors in the industry, Netflix (NASDAQ:NFLX) and Apple (NASADAQ:AAPL), which have forward P/S ratios of 5.2 and 7.1, respectively.
The Bottom Line on Roku
Despite the ongoing increase in streaming demand, it has notably declined from the peak levels experienced during the pandemic, as people are spending less time at home. While Roku is reasonably valued for a growth stock, it may be a few years before the company sees green in its bottom line. Until it is profitable, I will be steering clear of Roku.
Disclosure
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Recently, Wedbush analyst Alicia Reese raised ROKU stock's price target, citing the possibility that the company's initiatives will result in higher revenue growth and consistent earnings in the long run. Meanwhile, Citi analyst Jason Bazinet maintained his Hold rating on the stock, stating that while Roku's financial metrics may improve, the company's long-term outlook remains uncertain. The Bottom Line on Roku Despite the ongoing increase in streaming demand, it has notably declined from the peak levels experienced during the pandemic, as people are spending less time at home.
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Media streaming company Roku’s (NASDAQ:ROKU) impressive third-quarter performance has fueled its stock price, driving it up by 149% year-to-date, outperforming the S&P 500’s (SPX) gain of 22%. Roku’s Q3 Performance Fueled Its Stock Price Performance Roku is a television streaming platform whose affordability, ease of use, and vast content library have made it a household name. Overall, ROKU stock has earned a Moderate Buy consensus rating on TipRanks based on analyst ratings.
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Media streaming company Roku’s (NASDAQ:ROKU) impressive third-quarter performance has fueled its stock price, driving it up by 149% year-to-date, outperforming the S&P 500’s (SPX) gain of 22%. Roku’s Q3 Performance Fueled Its Stock Price Performance Roku is a television streaming platform whose affordability, ease of use, and vast content library have made it a household name. Roku’s stock price performance this year can be attributed to its strong revenue growth, which came in at 20% year-over-year, reaching $912 million, surpassing the consensus estimate of $857 million.
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However, I believe it could take a few more years for Roku to be profitable, which is why I'm currently bearish on ROKU stock. Roku’s stock price performance this year can be attributed to its strong revenue growth, which came in at 20% year-over-year, reaching $912 million, surpassing the consensus estimate of $857 million. Since Roku is not profitable, it can be valued only based on its sales.
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1e05b076-ac16-467f-8e19-d14aabb0a01f
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713442.0
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2023-12-11 00:00:00 UTC
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After Hours Most Active for Dec 13, 2023 : RIVN, T, TLT, PM, CIM, NRDY, F, AMZN, MO, AAPL, MRTX, QQQ
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DCOMP
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https://www.nasdaq.com/articles/after-hours-most-active-for-dec-13-2023-%3A-rivn-t-tlt-pm-cim-nrdy-f-amzn-mo-aapl-mrtx-qqq
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The NASDAQ 100 After Hours Indicator is down -23.78 to 16,538.59. The total After hours volume is currently 119,937,281 shares traded.
The following are the most active stocks for the after hours session:
Rivian Automotive, Inc. (RIVN) is -0.0611 at $19.62, with 7,754,282 shares traded. As reported by Zacks, the current mean recommendation for RIVN is in the "buy range".
AT&T Inc. (T) is -0.03 at $16.42, with 5,008,281 shares traded. T's current last sale is 82.1% of the target price of $20.
iShares 20+ Year Treasury Bond ETF (TLT) is -0.06 at $96.78, with 4,871,418 shares traded. This represents a 17.42% increase from its 52 Week Low.
Philip Morris International Inc (PM) is unchanged at $94.40, with 3,812,466 shares traded. As reported by Zacks, the current mean recommendation for PM is in the "buy range".
Chimera Investment Corporation (CIM) is unchanged at $5.11, with 3,547,970 shares traded. CIM's current last sale is 92.91% of the target price of $5.5.
Nerdy Inc. (NRDY) is unchanged at $2.96, with 2,872,061 shares traded. As reported by Zacks, the current mean recommendation for NRDY is in the "buy range".
Ford Motor Company (F) is -0.03 at $11.21, with 2,705,413 shares traded. F's current last sale is 80.07% of the target price of $14.
Amazon.com, Inc. (AMZN) is unchanged at $148.84, with 2,678,604 shares traded. As reported by Zacks, the current mean recommendation for AMZN is in the "buy range".
Altria Group (MO) is -0.0497 at $41.97, with 2,565,977 shares traded. MO's current last sale is 91.24% of the target price of $46.
Apple Inc. (AAPL) is -0.035 at $197.93, with 2,558,603 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
Mirati Therapeutics, Inc. (MRTX) is unchanged at $57.37, with 2,497,888 shares traded. MRTX's current last sale is 98.07% of the target price of $58.5.
Invesco QQQ Trust, Series 1 (QQQ) is -0.12 at $403.62, with 2,379,550 shares traded., following a 52-week high recorded in today's regular session.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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iShares 20+ Year Treasury Bond ETF (TLT) is -0.06 at $96.78, with 4,871,418 shares traded. Philip Morris International Inc (PM) is unchanged at $94.40, with 3,812,466 shares traded. Chimera Investment Corporation (CIM) is unchanged at $5.11, with 3,547,970 shares traded.
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As reported by Zacks, the current mean recommendation for RIVN is in the "buy range". As reported by Zacks, the current mean recommendation for PM is in the "buy range". As reported by Zacks, the current mean recommendation for NRDY is in the "buy range".
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The total After hours volume is currently 119,937,281 shares traded. AT&T Inc. (T) is -0.03 at $16.42, with 5,008,281 shares traded. Amazon.com, Inc. (AMZN) is unchanged at $148.84, with 2,678,604 shares traded.
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The NASDAQ 100 After Hours Indicator is down -23.78 to 16,538.59. The following are the most active stocks for the after hours session: AT&T Inc. (T) is -0.03 at $16.42, with 5,008,281 shares traded.
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99ebcf07-ab6f-418f-9b6b-47f8651678af
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713443.0
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2023-12-11 00:00:00 UTC
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Here's Why Visa (V) Gained But Lagged the Market Today
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DCOMP
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https://www.nasdaq.com/articles/heres-why-visa-v-gained-but-lagged-the-market-today
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nan
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nan
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The most recent trading session ended with Visa (V) standing at $262.38, reflecting a +1.09% shift from the previouse trading day's closing. 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%.
Shares of the global payments processor have appreciated by 5.11% over the course of the past month, underperforming the Business Services sector's gain of 8.25% and the S&P 500's gain of 5.37%.
Analysts and investors alike will be keeping a close eye on the performance of Visa in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $2.33, reflecting a 6.88% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $8.51 billion, up 7.21% from the year-ago period.
V's full-year Zacks Consensus Estimates are calling for earnings of $9.90 per share and revenue of $35.75 billion. These results would represent year-over-year changes of +12.88% and +9.48%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Visa. 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 suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, 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 a 0.01% rise in the Zacks Consensus EPS estimate. Right now, Visa possesses a Zacks Rank of #3 (Hold).
Looking at valuation, Visa is presently trading at a Forward P/E ratio of 26.22. This represents a premium compared to its industry's average Forward P/E of 14.2.
Also, we should mention that V has a PEG ratio of 1.75. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Financial Transaction Services industry had an average PEG ratio of 1.18 as trading concluded yesterday.
The Financial Transaction Services industry is part of the Business Services sector. With its current Zacks Industry Rank of 134, this industry ranks in the bottom 47% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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
Visa Inc. (V) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. The 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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Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Financial Transaction Services industry had an average PEG ratio of 1.18 as trading concluded yesterday. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups.
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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. With its current Zacks Industry Rank of 134, this industry ranks in the bottom 47% of all industries, numbering over 250. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups.
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The Financial Transaction Services industry had an average PEG ratio of 1.18 as trading concluded yesterday. With its current Zacks Industry Rank of 134, this industry ranks in the bottom 47% of all industries, numbering over 250. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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d7e200a7-b250-4b18-adbc-dd1e273b3f26
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713444.0
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2023-12-11 00:00:00 UTC
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Ericsson (ERIC) Outpaces Stock Market Gains: What You Should Know
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DCOMP
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https://www.nasdaq.com/articles/ericsson-eric-outpaces-stock-market-gains%3A-what-you-should-know-1
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nan
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Ericsson (ERIC) closed the most recent trading day at $5.81, moving +1.57% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 1.37%. Meanwhile, the Dow gained 1.4%, and the Nasdaq, a tech-heavy index, added 1.38%.
Shares of the telecommunications equipment provider witnessed a gain of 19.17% over the previous month, beating the performance of the Computer and Technology sector with its gain of 4.65% and the S&P 500's gain of 5.37%.
Market participants will be closely following the financial results of Ericsson in its upcoming release. The company's earnings per share (EPS) are projected to be $0.14, reflecting a 30% decrease from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $7.04 billion, reflecting a 12.28% fall from the equivalent quarter last year.
ERIC's full-year Zacks Consensus Estimates are calling for earnings of $0.34 per share and revenue of $24.95 billion. These results would represent year-over-year changes of -44.26% and -6.68%, respectively.
Any recent changes to analyst estimates for Ericsson should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, 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 past month, the Zacks Consensus EPS estimate has shifted 0.75% upward. Currently, Ericsson is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, Ericsson is presently being traded at a Forward P/E ratio of 16.95. This denotes a premium relative to the industry's average Forward P/E of 13.9.
It is also worth noting that ERIC currently has a PEG ratio of 11.22. 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 Wireless Equipment industry currently had an average PEG ratio of 1.25 as of yesterday's close.
The Wireless Equipment industry is part of the Computer and Technology 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 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.
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
Ericsson (ERIC) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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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At the same time, our most recent consensus estimate is projecting a revenue of $7.04 billion, reflecting a 12.28% fall from the equivalent quarter last year. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. 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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At the same time, our most recent consensus estimate is projecting a revenue of $7.04 billion, reflecting a 12.28% fall from the equivalent quarter last year. 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. Click to get this free report Ericsson (ERIC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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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. 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 assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups.
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Ericsson (ERIC) closed the most recent trading day at $5.81, moving +1.57% from the previous trading session. Shares of the telecommunications equipment provider witnessed a gain of 19.17% over the previous month, beating the performance of the Computer and Technology sector with its gain of 4.65% and the S&P 500's gain of 5.37%. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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7e25d11e-374f-4430-a645-6ab6085d8d2f
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713445.0
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2023-12-11 00:00:00 UTC
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Here's Why MasterCard (MA) Gained But Lagged the Market Today
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DCOMP
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https://www.nasdaq.com/articles/heres-why-mastercard-ma-gained-but-lagged-the-market-today
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nan
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nan
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MasterCard (MA) closed the most recent trading day at $424.68, moving +0.93% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 1.37%. Elsewhere, the Dow gained 1.4%, while the tech-heavy Nasdaq added 1.38%.
The processor of debit and credit card payments's stock has climbed by 5.81% in the past month, falling short of the Business Services sector's gain of 8.25% and outpacing the S&P 500's gain of 5.37%.
Investors will be eagerly watching for the performance of MasterCard in its upcoming earnings disclosure. The company's upcoming EPS is projected at $3.07, signifying a 15.85% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $6.45 billion, up 10.89% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $12.16 per share and a revenue of $25 billion, indicating changes of +14.18% and +12.43%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for MasterCard. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
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. Within the past 30 days, our consensus EPS projection remained stagnant. MasterCard is holding a Zacks Rank of #3 (Hold) right now.
With respect to valuation, MasterCard is currently being traded at a Forward P/E ratio of 34.59. For comparison, its industry has an average Forward P/E of 14.2, which means MasterCard is trading at a premium to the group.
We can additionally observe that MA currently boasts a PEG ratio of 1.91. 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 Financial Transaction Services industry currently had an average PEG ratio of 1.18 as of yesterday's close.
The Financial Transaction Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 134, which puts it in the bottom 47% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next 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
Mastercard Incorporated (MA) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. 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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Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential. The Financial Transaction Services industry currently had an average PEG ratio of 1.18 as of yesterday's close. Click to get this free report Mastercard Incorporated (MA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The processor of debit and credit card payments's stock has climbed by 5.81% in the past month, falling short of the Business Services sector's gain of 8.25% and outpacing the S&P 500's gain of 5.37%. This industry currently has a Zacks Industry Rank of 134, which puts it in the bottom 47% of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups.
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MasterCard (MA) closed the most recent trading day at $424.68, moving +0.93% from the previous trading session. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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2f546fa7-d965-4152-a31b-326944d13967
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713446.0
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2023-12-11 00:00:00 UTC
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Covenant Logistics (CVLG) Rises Yet Lags Behind Market: Some Facts Worth Knowing
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DCOMP
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https://www.nasdaq.com/articles/covenant-logistics-cvlg-rises-yet-lags-behind-market%3A-some-facts-worth-knowing
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nan
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nan
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Covenant Logistics (CVLG) ended the recent trading session at $42.89, demonstrating a +0.68% swing from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 1.37%. On the other hand, the Dow registered a gain of 1.4%, and the technology-centric Nasdaq increased by 1.38%.
The truckload transportation services provider's stock has climbed by 1.45% in the past month, falling short of the Transportation sector's gain of 9.01% and the S&P 500's gain of 5.37%.
Market participants will be closely following the financial results of Covenant Logistics in its upcoming release. On that day, Covenant Logistics is projected to report earnings of $1.07 per share, which would represent a year-over-year decline of 21.9%.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Covenant Logistics. 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.
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, 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. The Zacks Consensus EPS estimate remained stagnant within the past month. Covenant Logistics is currently a Zacks Rank #4 (Sell).
With respect to valuation, Covenant Logistics is currently being traded at a Forward P/E ratio of 10.2. For comparison, its industry has an average Forward P/E of 24.69, which means Covenant Logistics is trading at a discount to the group.
The Transportation - Truck industry is part of the Transportation sector. At present, this industry carries a Zacks Industry Rank of 236, placing it within the bottom 7% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next 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
Covenant Logistics Group, Inc. (CVLG) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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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Covenant Logistics (CVLG) ended the recent trading session at $42.89, demonstrating a +0.68% swing from the preceding day's closing price. 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.
|
Covenant Logistics (CVLG) ended the recent trading session at $42.89, demonstrating a +0.68% swing from the preceding day's closing price. 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. Click to get this free report Covenant Logistics Group, Inc. (CVLG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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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. 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 Covenant Logistics Group, Inc. (CVLG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Covenant Logistics (CVLG) ended the recent trading session at $42.89, demonstrating a +0.68% swing from the preceding day's closing price. Covenant Logistics is currently a Zacks Rank #4 (Sell). Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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9b81eb55-1dd9-45c7-ba89-4ca2394eb1e2
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713447.0
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2023-12-11 00:00:00 UTC
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Zacks Industry Outlook Highlights Deckers Outdoor, The Gap, Abercrombie & Fitch and American Eagle Outfitters
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DCOMP
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https://www.nasdaq.com/articles/zacks-industry-outlook-highlights-deckers-outdoor-the-gap-abercrombie-fitch-and-american
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nan
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For Immediate Release
Chicago, IL – December 14, 2023 – Today, Zacks Equity Research discusses Deckers Outdoor Corp. DECK, The Gap, Inc. GPS, Abercrombie & Fitch Co. ANF and American Eagle Outfitters, Inc. AEO.
Industry: Retail Apparel & Shoes
Link: https://www.zacks.com/commentary/2197386/4-solid-bets-from-the-retail-apparel-shoes-industry-for-2024
As stimulus-driven spending gradually wanes and interest rates remain elevated, the Retail - Apparel And Shoes industry finds itself at a pivotal juncture. Consumers are adopting a more cautious stance toward their disposable income, signaling a return to more conservative spending habits. This shift in consumer sentiment is reverberating across various merchandise categories, creating challenges for businesses.
Given the tough operating environment, industry players are actively reevaluating their business models and adopting innovative strategies. Retailers have been focusing on superior product strategy, the advancement of omnichannel capabilities, prudent capital investments and greater customer reach. Backed by these initiatives, companies like Deckers Outdoor Corp., The Gap, Inc., Abercrombie & Fitch Co. and American Eagle Outfitters, Inc. are better placed.
About the Industry
The Retail - Apparel and Shoes industry encompasses the manufacturing, distribution and retailing of clothing, footwear and accessories. The industry is influenced by various factors, including fashion trends, consumer spending habits, economic dynamics and seasonal variations. Companies within the industry range from global apparel giants to domestic brands, each targeting specific market segments.
The industry presents both opportunities and challenges. On the one hand, it demands continuous product innovation, brand distinctiveness and effective marketing to attract customers. On the other hand, fierce competition and price sensitivity pose hurdles. Technological advancements and the rise of online retail have revolutionized the industry, with consumers increasingly seeking convenience and personalized shopping experiences.
4 Key Trends to Watch in the Industry
Cautious Consumer Environment: The industry grapples with a complex set of challenges, as a soft demand environment casts a shadow on overall sales and revenue prospects. Consumers are contending with a host of economic issues, encompassing inflation, elevated interest rates and geopolitical tension.
Cumulatively, these factors have been weighing on consumer sentiment. Moreover, rapid changes in consumer preferences, intensified by the ever-evolving nature of fashion trends, can lead to excess inventory and reduced sales for brands unable to adapt swiftly.
Pressure on Margins to Linger: The industry is quite fragmented, with companies vying for a bigger slice of the pie on attributes such as price, products and speed to market. To address these, a significant number of players in the industry have been investing in strengthening their digital ecosystem and delivery capabilities. While these endeavors bolster sales, they entail high costs.
Apart from these, higher marketing, advertising and other store-related expenses might compress margins. Of late, the industry participants have been dealing with product cost inflation. Nonetheless, companies have been focusing on undertaking initiatives to mitigate cost-related challenges. These include streamlining operational structures, optimizing supply networks and adopting effective pricing policies.
Brand Enhancement, Capital Discipline: Industry participants have been focusing on deepening engagements with consumers, creating innovative and compelling products and enhancing digital and data analytics capabilities. The launch of newer styles, customization options and refreshed store environments enables them to woo shoppers.
Efforts to enhance the brand portfolio via marketing strategies, buyouts, innovations and alliances are likely to keep supporting players in the space. The companies have been taking steps to strengthen their financial position. They have been making every move, from managing the inventory and closing underperforming stores to optimizing capital expenditures and enhancing operational efficiency.
Diversification & Digitization Key to Growth: With the change in consumer shopping patterns and behavior, industry participants have been playing dual in-store and online roles. They are building an omnichannel, coming up with loyalty and marketing programs, enhancing the supply chain and providing faster delivery options, be it doorstep delivery, curbside pickup or buy online and pick up at a store.
Simultaneously, companies are investing in renovation, improved checkouts and mobile point-of-sale capabilities to keep stores relevant. Keeping in mind consumers' product preferences and growing inclination toward online shopping, companies have been replenishing shelves with in-demand merchandise and ramping up investments in digitization.
Zacks Industry Rank Indicates Bleak Prospects
The Zacks Retail - Apparel And Shoes industry is a group within the broader Zacks Retail – Wholesale sector. The industry currently carries a Zacks Industry Rank #150, which places it in the bottom 40% of more than 250 Zacks industries.
The group's Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates drab near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
The industry's positioning in the bottom 50% of the Zacks-ranked industries is a result of the negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are losing confidence in this group's earnings growth potential. Since the beginning of March 2023, the industry's earnings estimate has declined 6.7%.
Before we present a few stocks that you may want to consider for your portfolio, let's take a look at the industry's recent stock-market performance and valuation picture.
Industry vs. Broader Market
The Zacks Retail - Apparel And Shoes industry has underperformed the broader Zacks Retail – Wholesale sector and the Zacks S&P 500 composite over the past year.
The industry has advanced 10.1% over this period compared with the S&P 500's increase of 16.2%. Meanwhile, the broader sector has risen 15.4%.
Industry's Current Valuation
On the basis of forward 12-month price-to-earnings (P/E), which is commonly used for valuing retail stocks, the industry is currently trading at 15.86X compared with the S&P 500's 19.36X and the sector's 21.66X.
Over the last five years, the industry has traded as high as 76.88X and as low as 9.13X, with the median being at 14.92X.
4 Stocks Worth Considering
Abercrombie & Fitch: The company's ability to adapt, innovate and connect with customers positions it for a prosperous future. Abercrombie & Fitch's regional operating model, with a focus on the Americas, the EMEA and the APAC, provides a solid foundation for global expansion. Its strong brand portfolio, operational efficiency and regional strategy make it an attractive investment opportunity as it continues to navigate and thrive in the evolving retail landscape.
This leading, global, omnichannel specialty retailer of apparel and accessories for men, women and kids delivered a trailing four-quarter earnings surprise of 713%, on average. The Zacks Consensus Estimate for Abercrombie & Fitch's current financial-year sales suggests growth of 13.3% from the year-ago period. Shares of this Zacks Rank #1 (Strong Buy) company have rallied 259.8% in the past year. You can see the complete list of today's Zacks #1 Rank stocks here.
Gap: The company demonstrates resilience and positive momentum in its financial performance. The company's strategic efforts, including significant cost savings, have strengthened its financial position. Market share gains in key brands like Old Navy and Gap highlight successful product strategies. With disciplined expense control, strong cash generation and a focus on brand revitalization, Gap stands out as a promising player.
This specialty apparel company delivered a trailing four-quarter earnings surprise of 137.9%, on average. Shares of this Zacks Rank #1 company have surged 53.3% in the past year.
American Eagle Outfitters: The company's efforts to rationalize inventory and contain costs are paying off. The strong performance of key brands like American Eagle and Aerie, coupled with expansions into premium and activewear segments, indicates potential for growth. New store designs and online enhancements demonstrate a commitment to improving the customer experience.
The Zacks Consensus Estimate for American Eagle Outfitters' current fiscal sales and EPS suggests growth of 4% and 39.2%, respectively, from the year-ago reported figure. AEO has a trailing four-quarter earnings surprise of 23%, on average. Shares of this Zacks Rank #2 (Buy) company have advanced 34.9% in the past year.
Deckers: The company has been targeting profitable and underpenetrated markets, emphasizing product innovations, store expansion and the strengthening of e-commerce capabilities. The company's focus on expanding brand assortments, bringing more innovative lines of products, targeting consumers digitally and optimizing omni-channel distribution, positions it for continued success.
Impressively, the Zacks Consensus Estimate for Deckers' current-fiscal sales and EPS calls for growth of 11.4% and 20.9%, respectively, from the year-ago reported figure. DECK has a trailing four-quarter earnings surprise of 26.3%, on average. We note that shares of this Zacks Rank #2 company have increased 81% in the past year.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
The New Gold Rush: How Lithium Batteries Will Make Millionaires
As the electric vehicle revolution expands, investors have a chance to target huge gains. Millions of lithium batteries are being made & demand is expected to increase 889%.
Download the brand-new FREE report revealing 5 EV battery stocks set to soar.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report
American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
The Gap, Inc. (GPS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For Immediate Release Chicago, IL – December 14, 2023 – Today, Zacks Equity Research discusses Deckers Outdoor Corp. DECK, The Gap, Inc. GPS, Abercrombie & Fitch Co. ANF and American Eagle Outfitters, Inc. AEO. Moreover, rapid changes in consumer preferences, intensified by the ever-evolving nature of fashion trends, can lead to excess inventory and reduced sales for brands unable to adapt swiftly. The company's focus on expanding brand assortments, bringing more innovative lines of products, targeting consumers digitally and optimizing omni-channel distribution, positions it for continued success.
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For Immediate Release Chicago, IL – December 14, 2023 – Today, Zacks Equity Research discusses Deckers Outdoor Corp. DECK, The Gap, Inc. GPS, Abercrombie & Fitch Co. ANF and American Eagle Outfitters, Inc. AEO. Broader Market The Zacks Retail - Apparel And Shoes industry has underperformed the broader Zacks Retail – Wholesale sector and the Zacks S&P 500 composite over the past year. Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report The Gap, Inc. (GPS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Zacks Industry Rank Indicates Bleak Prospects The Zacks Retail - Apparel And Shoes industry is a group within the broader Zacks Retail – Wholesale sector. Broader Market The Zacks Retail - Apparel And Shoes industry has underperformed the broader Zacks Retail – Wholesale sector and the Zacks S&P 500 composite over the past year. Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report The Gap, Inc. (GPS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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On the one hand, it demands continuous product innovation, brand distinctiveness and effective marketing to attract customers. Industry vs. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities.
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2023-12-11 00:00:00 UTC
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2 Red-Hot Growth Stocks to Buy in 2023 and Beyond
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https://www.nasdaq.com/articles/2-red-hot-growth-stocks-to-buy-in-2023-and-beyond-3
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As 2023 winds down, the stock market's narrative has been anything but dull. Following a buoyant 2021 and a challenging 2022, this year has seen a tentative yet notable recovery. The S&P 500 (SNPINDEX: ^GSPC) market index is up by 21% year to date, essentially reversing last year's 19% drop. The tech-heavy and more growth-oriented Nasdaq Composite (NASDAQINDEX: ^IXIC) has gained 29% in 2023, which also was just about enough to patch a 33% haircut in 2022.
Key to this turnaround has been the cooling inflation crisis and the ongoing boom regarding artificial intelligence (AI). The game-changing ChatGPT chatbot got the party started in November 2022, and pretty much every tech company has reworked their business strategy to take advantage of this incredible opportunity.
In this environment, it's wise to look toward growth stocks with solid foundations in technology. The economic recovery isn't complete yet and the AI surge is just getting started. So let me show you two stocks that not only show promise for robust growth at the tail end of 2023 but also hold potential for sustained success in the years to come.
These stocks are poised to beat the market over the foreseeable future, and you should consider adding them to your stock portfolio before it's too late.
1. Amazon
E-commerce and cloud computing pioneer Amazon.com (NASDAQ: AMZN) rode a roller coaster in the last three years. The lockdown part of the COVID-19 pandemic made people comfortable with ordering everything online. Amazon took full advantage of that unique golden age, but also built out its distribution system a bit too fast as a result. The inflation downturn of 2022 limited Amazon's incoming orders, forcing the company to lay off some of the people it hired in the recent boom.
Many investors lost their patience waiting for another cyclical swing. At the end of 2022, Amazon's stock had lost the goodwill it built in the coronavirus crisis -- and then some. Even now, after gaining 72% year-to-date, the share price stands 21% below the all-time highs in 2021.
But Amazon's sales never stopped growing across these dramatic ups and downs. Earnings did slow down, but never dipped below $0.91 per share on a trailing twelve-month basis. And right now, a leaner, meaner Amazon stands ready to pounce when the American economy stabilizes again. Plus, Amazon Web Services is a leading provider of cloud-based computing power, including a basket of plug-and-play AI tools.
Amazon offers AI engines running on the market-leading specialty chips from Nvidia (NASDAQ: NVDA), but the company also designs its own AWS Inferentia brand of AI accelerator chips. Hold that thought, because the Inferentia chips will pop up again in a minute. There will be a quiz!
So investing in Amazon right now gives you a leader in the AI surge along with a potentially robust turnaround in the sluggish e-commerce division. Moreover, the stock is changing hands at just 2.8 times trailing sales -- well below Amazon's average price-to-sales ratio over the last 3, 5, 10, or 26 years.
In other words, Amazon is the same multi-industry titan it always was, but facing greater growth opportunities than ever -- and you can buy the stock at a discounted price.
Where do I sign up?
2. Cadence Design Systems
Next up, I'm talking about Cadence Design Systems (NASDAQ: CDNS). This company provides the software that helps other companies design electronics hardware such as semiconductors and circuit boards.
Imagine being the top dog in processor and computer systems design software, at a time where everyone is swooning over computing-intensive AI opportunities. Remember the AWS Inferentia chips just a minute ago? Here they are again -- Amazon is a longtime Cadence customer and partner. This company has its fingers directly in various AI pies, including Amazon's.
Speaking at a recent investor conference, Cadence CEO Anirudh Devgan described the current AI frenzy this way:
"The first phase is like the build-out of the infrastructure. It's GPUs and NVIDIA is a big partner of Cadence," he said. "All these hyperscaler companies like Google and all these others have talked about their own silicon."
Indeed, Amazon and Google parent Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) already took the next step and actually produced their own AI hardware. They are likely to double down on that idea with next-generation AI solutions and perhaps ultra-specialized chips for specific AI tasks. Others are likely to follow suit, once again turning to Cadence Design Systems for supporting software.
Cadence Design Systems will hold their digital hands throughout this process, pocketing revenues and profits along the way. The longer this soaring AI focus lasts, the happier Cadence and its investors will be.
The stock isn't exactly cheap, trading at or near multi-year high price to sales and price to free cash flow ratios. But I'm not complaining, because these lofty valuation ratios are justified by towering growth opportunities in the next few years.
Some might balk at Cadence's price tag, but that's the premium you pay for a front-row seat in the AI revolution. For investors looking beyond short-term fluctuations, Cadence offers a compelling story of growth, driven by its indispensable role in shaping the AI-powered future.
Should you invest $1,000 in Amazon right now?
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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. Anders Bylund has positions in Alphabet, Amazon, and Nvidia. The Motley Fool has positions in and recommends Alphabet, Amazon, Cadence Design Systems, and Nvidia. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The game-changing ChatGPT chatbot got the party started in November 2022, and pretty much every tech company has reworked their business strategy to take advantage of this incredible opportunity. Speaking at a recent investor conference, Cadence CEO Anirudh Devgan described the current AI frenzy this way: "The first phase is like the build-out of the infrastructure. For investors looking beyond short-term fluctuations, Cadence offers a compelling story of growth, driven by its indispensable role in shaping the AI-powered future.
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Cadence Design Systems Next up, I'm talking about Cadence Design Systems (NASDAQ: CDNS). Before you buy stock in Amazon, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Amazon wasn't one of them. The Motley Fool has positions in and recommends Alphabet, Amazon, Cadence Design Systems, and Nvidia.
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Amazon offers AI engines running on the market-leading specialty chips from Nvidia (NASDAQ: NVDA), but the company also designs its own AWS Inferentia brand of AI accelerator chips. Before you buy stock in Amazon, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Amazon wasn't one of them. The Motley Fool has positions in and recommends Alphabet, Amazon, Cadence Design Systems, and Nvidia.
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Amazon offers AI engines running on the market-leading specialty chips from Nvidia (NASDAQ: NVDA), but the company also designs its own AWS Inferentia brand of AI accelerator chips. So investing in Amazon right now gives you a leader in the AI surge along with a potentially robust turnaround in the sluggish e-commerce division. Cadence Design Systems Next up, I'm talking about Cadence Design Systems (NASDAQ: CDNS).
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2023-12-11 00:00:00 UTC
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Cenovus Energy Plans To Invest Capital Of C$4.5 - C$5.0 Bln In 2024
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https://www.nasdaq.com/articles/cenovus-energy-plans-to-invest-capital-of-c%244.5-c%245.0-bln-in-2024
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(RTTNews) - Cenovus Energy Inc. (CVE) Thursday announced that it expects to invest capital between C$4.5 billion and C$5.0 billion.
Investment of C$1.5 billion to C$2.0 billion will be used for optimization and growth capital, primarily for the West White Rose project, the Foster Creek, Christina Lake and Sunrise oil sands facilities.
The integrated energy company expects total oil sands production in the range of 770 thousand to 810 thousand barrels of oil equivalent per day, with production from oil sands and thermal projects expected to be between 590 thousand and 610 thousand barrels per day.
Also in 2024 budget, it expects total downstream crude throughput of 630 thousand to 670 thousand barrels per day, approx. 17 percent higher than last year.
The company sees operating expenses for oil sands between C$12 and C$14 per barrel in 2024 budget.
Further, the company expects oil sands production between 590 thousand and 610 thousand barrels per day, while it expects total offshore production of 60 thousand to 70 thousand BOE/d for 2024.
In the pre-market activity, Cenovus's stock is trading at $16.36, up 1.57% on the New York Stock Exchange.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investment of C$1.5 billion to C$2.0 billion will be used for optimization and growth capital, primarily for the West White Rose project, the Foster Creek, Christina Lake and Sunrise oil sands facilities. The integrated energy company expects total oil sands production in the range of 770 thousand to 810 thousand barrels of oil equivalent per day, with production from oil sands and thermal projects expected to be between 590 thousand and 610 thousand barrels per day. The company sees operating expenses for oil sands between C$12 and C$14 per barrel in 2024 budget.
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The integrated energy company expects total oil sands production in the range of 770 thousand to 810 thousand barrels of oil equivalent per day, with production from oil sands and thermal projects expected to be between 590 thousand and 610 thousand barrels per day. Also in 2024 budget, it expects total downstream crude throughput of 630 thousand to 670 thousand barrels per day, approx. Further, the company expects oil sands production between 590 thousand and 610 thousand barrels per day, while it expects total offshore production of 60 thousand to 70 thousand BOE/d for 2024.
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The integrated energy company expects total oil sands production in the range of 770 thousand to 810 thousand barrels of oil equivalent per day, with production from oil sands and thermal projects expected to be between 590 thousand and 610 thousand barrels per day. Further, the company expects oil sands production between 590 thousand and 610 thousand barrels per day, while it expects total offshore production of 60 thousand to 70 thousand BOE/d for 2024. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Cenovus Energy Inc. (CVE) Thursday announced that it expects to invest capital between C$4.5 billion and C$5.0 billion. Investment of C$1.5 billion to C$2.0 billion will be used for optimization and growth capital, primarily for the West White Rose project, the Foster Creek, Christina Lake and Sunrise oil sands facilities. The integrated energy company expects total oil sands production in the range of 770 thousand to 810 thousand barrels of oil equivalent per day, with production from oil sands and thermal projects expected to be between 590 thousand and 610 thousand barrels per day.
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2023-12-11 00:00:00 UTC
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Despite Fast-paced Momentum, Rocky Brands (RCKY) Is Still a Bargain Stock
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Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.
Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potential fails to justify their swelled-up valuation. In that phase, investors find themselves invested in shares that have limited to no upside or even a downside. So, betting on a stock just by looking at the traditional momentum parameters could be risky at times.
It could be safer to invest in bargain stocks that have been witnessing price momentum recently. While the Zacks Momentum Style Score (part of the Zacks Style Scores system), which pays close attention to trends in a stock's price or earnings, is pretty useful in identifying great momentum stocks, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced.
Rocky Brands (RCKY) is one of the several great candidates that made it through the screen. While there are numerous reasons why this stock is a great choice, here are the most vital ones:
A dash of recent price momentum reflects growing interest of investors in a stock. With a four-week price change of 14.9%, the stock of this footwear company is certainly well-positioned in this regard.
While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. RCKY meets this criterion too, as the stock gained 75.6% over the past 12 weeks.
Moreover, the momentum for RCKY is fast paced, as the stock currently has a beta of 1.87. This indicates that the stock moves 87% higher than the market in either direction.
Given this price performance, it is no surprise that RCKY has a Momentum Score of B, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success.
In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped RCKY earn a Zacks Rank #1 (Strong Buy). Our research shows that the momentum-effect is quite strong among Zacks Rank #1 and #2 stocks. That's because as covering analysts raise their earnings estimates for a stock, more and more investors take an interest in it, helping its price race to keep up. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Most importantly, despite possessing fast-paced momentum features, RCKY is trading at a reasonable valuation. In terms of Price-to-Sales ratio, which is considered as one of the best valuation metrics, the stock looks quite cheap now. RCKY is currently trading at 0.45 times its sales. In other words, investors need to pay only 45 cents for each dollar of sales.
So, RCKY appears to have plenty of room to run, and that too at a fast pace.
In addition to RCKY, there are several other stocks that currently pass through our 'Fast-Paced Momentum at a Bargain' screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.
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Click here to sign up for a free trial to the Research Wizard today.
The New Gold Rush: How Lithium Batteries Will Make Millionaires
As the electric vehicle revolution expands, investors have a chance to target huge gains. Millions of lithium batteries are being made & demand is expected to increase 889%.
Download the brand-new FREE report revealing 5 EV battery stocks set to soar.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Rocky Brands, Inc. (RCKY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Most importantly, despite possessing fast-paced momentum features, RCKY is trading at a reasonable valuation. The New Gold Rush: How Lithium Batteries Will Make Millionaires As the electric vehicle revolution expands, investors have a chance to target huge gains.
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While the Zacks Momentum Style Score (part of the Zacks Style Scores system), which pays close attention to trends in a stock's price or earnings, is pretty useful in identifying great momentum stocks, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced. In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped RCKY earn a Zacks Rank #1 (Strong Buy). Click to get this free report Rocky Brands, Inc. (RCKY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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While the Zacks Momentum Style Score (part of the Zacks Style Scores system), which pays close attention to trends in a stock's price or earnings, is pretty useful in identifying great momentum stocks, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced. While there are numerous reasons why this stock is a great choice, here are the most vital ones: A dash of recent price momentum reflects growing interest of investors in a stock. Given this price performance, it is no surprise that RCKY has a Momentum Score of B, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success.
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While the Zacks Momentum Style Score (part of the Zacks Style Scores system), which pays close attention to trends in a stock's price or earnings, is pretty useful in identifying great momentum stocks, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced. In addition to RCKY, there are several other stocks that currently pass through our 'Fast-Paced Momentum at a Bargain' screen. Want the latest recommendations from Zacks Investment Research?
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37cb718a-349c-4f0e-8486-4df1c2baa932
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713451.0
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2023-12-11 00:00:00 UTC
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CNB (CCNE) Soars 6.2%: Is Further Upside Left in the Stock?
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https://www.nasdaq.com/articles/cnb-ccne-soars-6.2%3A-is-further-upside-left-in-the-stock
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CNB Financial CCNE shares rallied 6.2% in the last trading session to close at $22.18. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 2.2% loss over the past four weeks.
The Federal Reserve has signaled an end to the current rate hike cycle by keeping interest rates unchanged at the 22-year high of 5.25-5.5% at the end of the two-day FOMC meeting. The central bank has also indicated a 75 basis points cut in rates by 2024-end. The above-mentioned developments have attributed to bullish investor sentiments. Given the fall in rates, the higher funding costs being faced by banks will likely come down somewhat next year, thus supporting net interest income and margins. This probably drove the CCNE stock higher in last day’s trading session.
This bank holding company is expected to post quarterly earnings of $0.54 per share in its upcoming report, which represents a year-over-year change of -22.9%. Revenues are expected to be $55.1 million, down 7.9% 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 CNB, 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 CCNE 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 >>>>
CNB belongs to the Zacks Banks - Northeast industry. Another stock from the same industry, MainStreet Bank MNSB, closed the last trading session 8.9% higher at $24.09. Over the past month, MNSB has returned -0.8%.
MainStreet Bank's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.72. Compared to the company's year-ago EPS, this represents a change of -24.2%. MainStreet Bank currently boasts a Zacks Rank of #4 (Sell).
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Download the brand-new FREE report revealing 5 EV battery stocks set to soar.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
CNB Financial Corporation (CCNE) : Free Stock Analysis Report
MainStreet Bank (MNSB) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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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Given the fall in rates, the higher funding costs being faced by banks will likely come down somewhat next year, thus supporting net interest income and margins. This bank holding company is expected to post quarterly earnings of $0.54 per share in its upcoming report, which represents a year-over-year change of -22.9%. The New Gold Rush: How Lithium Batteries Will Make Millionaires As the electric vehicle revolution expands, investors have a chance to target huge gains.
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Another stock from the same industry, MainStreet Bank MNSB, closed the last trading session 8.9% higher at $24.09. MainStreet Bank's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.72. Click to get this free report CNB Financial Corporation (CCNE) : Free Stock Analysis Report MainStreet Bank (MNSB) : Free Stock Analysis Report To read this article on Zacks.com click here.
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While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> CNB belongs to the Zacks Banks - Northeast industry. Click to get this free report CNB Financial Corporation (CCNE) : Free Stock Analysis Report MainStreet Bank (MNSB) : Free Stock Analysis Report To read this article on Zacks.com click here.
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This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. Another stock from the same industry, MainStreet Bank MNSB, closed the last trading session 8.9% higher at $24.09. MainStreet Bank's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.72.
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18fc507b-0d33-40a6-b996-7e8604d3309b
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713452.0
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2023-12-11 00:00:00 UTC
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Heritage Financial (HFWA) Soars 5.7%: Is Further Upside Left in the Stock?
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DCOMP
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https://www.nasdaq.com/articles/heritage-financial-hfwa-soars-5.7%3A-is-further-upside-left-in-the-stock
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nan
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nan
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Heritage Financial (HFWA) shares ended the last trading session 5.7% higher at $21.46. 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 13.3% gain over the past four weeks.
The Federal Reserve signaled the end of the current rate hike cycle and kept the interest rates unchanged at a 22-year high of 5.25-5.5% at the end of the two-day FOMC meeting. Further, the central bank indicated three interest rate cuts by 2024 end. These developments turned investor sentiments bullish on bank stocks as high funding costs will somewhat come down next year, thus supporting spread income and margin. Also, going forward, such monetary easing is likely to propel consumer spending. Hence, the Heritage Financial stock moved higher.
This bank holding company is expected to post quarterly earnings of $0.47 per share in its upcoming report, which represents a year-over-year change of -26.6%. Revenues are expected to be $62 million, down 11% 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 Heritage Financial, 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 HFWA 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 >>>>
Heritage Financial belongs to the Zacks Financial - Savings and Loan industry. Another stock from the same industry, Flushing Financial (FFIC), closed the last trading session 9.8% higher at $16.18. Over the past month, FFIC has returned 3.4%.
For Flushing Financial, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.23. This represents a change of -59.7% from what the company reported a year ago. Flushing Financial currently has a Zacks Rank of #3 (Hold).
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
Heritage Financial Corporation (HFWA) : Free Stock Analysis Report
Flushing Financial Corporation (FFIC) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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 sentiments bullish on bank stocks as high funding costs will somewhat come down next year, thus supporting spread income and margin. This bank holding company is expected to post quarterly earnings of $0.47 per share in its upcoming report, which represents a year-over-year change of -26.6%. 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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Heritage Financial (HFWA) shares ended the last trading session 5.7% higher at $21.46. For Flushing Financial, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.23. Click to get this free report Heritage Financial Corporation (HFWA) : Free Stock Analysis Report Flushing Financial Corporation (FFIC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Heritage Financial belongs to the Zacks Financial - Savings and Loan industry. Click to get this free report Heritage Financial Corporation (HFWA) : Free Stock Analysis Report Flushing Financial Corporation (FFIC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Heritage Financial (HFWA) shares ended the last trading session 5.7% higher at $21.46. This bank holding company is expected to post quarterly earnings of $0.47 per share in its upcoming report, which represents a year-over-year change of -26.6%. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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981e3c2e-34fc-4b5f-8e20-e9443486af30
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713453.0
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2023-12-11 00:00:00 UTC
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Mueller Water Products (MWA) Tops Q4 Earnings and Revenue Estimates
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DCOMP
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https://www.nasdaq.com/articles/mueller-water-products-mwa-tops-q4-earnings-and-revenue-estimates
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Mueller Water Products (MWA) came out with quarterly earnings of $0.19 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to earnings of $0.10 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 72.73%. A quarter ago, it was expected that this maker of fire hydrants, pipes and water valves would post earnings of $0.20 per share when it actually produced earnings of $0.18, delivering a surprise of -10%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Mueller Water Products, which belongs to the Zacks Steel - Pipe and Tube industry, posted revenues of $301.4 million for the quarter ended September 2023, surpassing the Zacks Consensus Estimate by 5.35%. This compares to year-ago revenues of $331.4 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Mueller Water Products shares have added about 27.7% since the beginning of the year versus the S&P 500's gain of 20.9%.
What's Next for Mueller Water Products?
While Mueller Water Products has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Mueller Water Products: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.07 on $266.8 million in revenues for the coming quarter and $0.67 on $1.26 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Steel - Pipe and Tube is currently in the bottom 30% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Lindsay (LNN), another stock in the broader Zacks Industrial Products sector, has yet to report results for the quarter ended November 2023.
This irrigation equipment maker is expected to post quarterly earnings of $1.28 per share in its upcoming report, which represents a year-over-year change of -22.4%. The consensus EPS estimate for the quarter has been revised 0.1% higher over the last 30 days to the current level.
Lindsay's revenues are expected to be $163.61 million, down 7.1% from the year-ago quarter.
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
MUELLER WATER PRODUCTS (MWA) : Free Stock Analysis Report
Lindsay Corporation (LNN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. This irrigation equipment maker is expected to post quarterly earnings of $1.28 per share in its upcoming report, which represents a year-over-year change of -22.4%. 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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Mueller Water Products, which belongs to the Zacks Steel - Pipe and Tube industry, posted revenues of $301.4 million for the quarter ended September 2023, surpassing the Zacks Consensus Estimate by 5.35%. Ahead of this earnings release, the estimate revisions trend for Mueller Water Products: mixed. Click to get this free report MUELLER WATER PRODUCTS (MWA) : Free Stock Analysis Report Lindsay Corporation (LNN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Mueller Water Products (MWA) came out with quarterly earnings of $0.19 per share, beating the Zacks Consensus Estimate of $0.11 per share. Mueller Water Products, which belongs to the Zacks Steel - Pipe and Tube industry, posted revenues of $301.4 million for the quarter ended September 2023, surpassing the Zacks Consensus Estimate by 5.35%. Click to get this free report MUELLER WATER PRODUCTS (MWA) : Free Stock Analysis Report Lindsay Corporation (LNN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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While Mueller Water Products has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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33ced4a6-88c9-4611-8ff9-88dd28b56bcc
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713454.0
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2023-12-11 00:00:00 UTC
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Strength Seen in First Commonwealth Financial (FCF): Can Its 5.5% Jump Turn into More Strength?
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DCOMP
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https://www.nasdaq.com/articles/strength-seen-in-first-commonwealth-financial-fcf%3A-can-its-5.5-jump-turn-into-more
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nan
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nan
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First Commonwealth Financial (FCF) shares rallied 5.5% in the last trading session to close at $14.99. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 6.1% gain over the past four weeks.
The Federal Reserve signaled the end of the current rate hike cycle and kept the interest rates unchanged at a 22-year high of 5.25-5.5% at the end of the two-day FOMC meeting. Further, the central bank indicated three interest rate cuts by 2024 end. These developments turned investor sentiments bullish on bank stocks as high funding costs will somewhat come down next year, thus supporting spread income and margin. Also, going forward, such monetary easing is likely to propel consumer spending. Hence, the First Commonwealth Financial stock moved higher.
This financial holding company is expected to post quarterly earnings of $0.39 per share in its upcoming report, which represents no change from the year-ago quarter. Revenues are expected to be $122.73 million, up 9.3% 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 First Commonwealth Financial, the consensus EPS estimate for the quarter has been revised 0.6% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on FCF 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 >>>>
First Commonwealth Financial belongs to the Zacks Banks - Northeast industry. Another stock from the same industry, Citizens & Northern (CZNC), closed the last trading session 2.7% higher at $21.24. Over the past month, CZNC has returned -0.4%.
Citizens & Northern's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.39. Compared to the company's year-ago EPS, this represents a change of -22%. Citizens & Northern currently boasts a Zacks Rank of #3 (Hold).
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
First Commonwealth Financial Corporation (FCF) : Free Stock Analysis Report
Citizens & Northern Corp (CZNC) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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 sentiments bullish on bank stocks as high funding costs will somewhat come down next year, thus supporting spread income and margin. 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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This financial holding company is expected to post quarterly earnings of $0.39 per share in its upcoming report, which represents no change from the year-ago quarter. Citizens & Northern's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.39. Click to get this free report First Commonwealth Financial Corporation (FCF) : Free Stock Analysis Report Citizens & Northern Corp (CZNC) : 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 >>>> First Commonwealth Financial belongs to the Zacks Banks - Northeast industry. Click to get this free report First Commonwealth Financial Corporation (FCF) : Free Stock Analysis Report Citizens & Northern Corp (CZNC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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For First Commonwealth Financial, the consensus EPS estimate for the quarter has been revised 0.6% lower over the last 30 days to the current level. Another stock from the same industry, Citizens & Northern (CZNC), closed the last trading session 2.7% higher at $21.24. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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b3037ff5-6706-4862-a164-12bf89c6585e
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713455.0
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2023-12-11 00:00:00 UTC
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Strength Seen in Capital Bancorp (CBNK): Can Its 6.5% Jump Turn into More Strength?
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DCOMP
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https://www.nasdaq.com/articles/strength-seen-in-capital-bancorp-cbnk%3A-can-its-6.5-jump-turn-into-more-strength
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nan
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nan
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Capital Bancorp (CBNK) shares soared 6.5% in the last trading session to close at $23.89. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 9.5% gain over the past four weeks.
The Federal Reserve signaled the end of the current rate hike cycle and kept the interest rates unchanged at a 22-year high of 5.25-5.5% at the end of the two-day FOMC meeting. Further, the central bank indicated three interest rate cuts by 2024 end. These developments turned investor sentiments bullish on bank stocks as high funding costs will somewhat come down next year, thus supporting spread income and margin. Also, going forward, such monetary easing is likely to propel consumer spending. Hence, the Capital Bancorp stock moved higher.
This company is expected to post quarterly earnings of $0.62 per share in its upcoming report, which represents no change from the year-ago quarter. Revenues are expected to be $42.48 million, up 4.2% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Capital Bancorp, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on CBNK 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 >>>>
Capital Bancorp is a member of the Zacks Banks - Northeast industry. One other stock in the same industry, BCB Bancorp (BCBP), finished the last trading session 3.8% higher at $12.22. BCBP has returned 1.8% over the past month.
BCB Bancorp's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.37. Compared to the company's year-ago EPS, this represents a change of -46.4%. BCB Bancorp currently boasts a Zacks Rank of #5 (Strong Sell).
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
Capital Bancorp, Inc. (CBNK) : Free Stock Analysis Report
BCB Bancorp, Inc. (NJ) (BCBP) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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 sentiments bullish on bank stocks as high funding costs will somewhat come down next year, thus supporting spread income and margin. 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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You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Capital Bancorp is a member of the Zacks Banks - Northeast industry. BCB Bancorp's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.37. Click to get this free report Capital Bancorp, Inc. (CBNK) : Free Stock Analysis Report BCB Bancorp, Inc. (NJ) (BCBP) : Free Stock Analysis Report To read this article on Zacks.com click here.
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While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Capital Bancorp is a member of the Zacks Banks - Northeast industry. Click to get this free report Capital Bancorp, Inc. (CBNK) : Free Stock Analysis Report BCB Bancorp, Inc. (NJ) (BCBP) : Free Stock Analysis Report To read this article on Zacks.com click here.
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One other stock in the same industry, BCB Bancorp (BCBP), finished the last trading session 3.8% higher at $12.22. BCB Bancorp's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.37. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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d7ca1c0e-182a-458b-95a3-5687e5fcca20
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713456.0
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2023-12-11 00:00:00 UTC
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EXCLUSIVE-GM's Cruise robotaxi unit dismisses nine people after safety investigation
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DCOMP
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https://www.nasdaq.com/articles/exclusive-gms-cruise-robotaxi-unit-dismisses-nine-people-after-safety-investigation
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nan
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nan
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By Greg Bensinger
Dec 13 (Reuters) - General Motors' GM.O Cruise robotaxi unit dismissed nine key people amid an ongoing safety investigation, a spokesperson for Cruise confirmed to Reuters on Wednesday.
(Reporting by Greg Bensinger)
((greg.bensinger@thomsonreuters.com; Reuters Messaging: @gregbensinger))
The views and 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 Greg Bensinger Dec 13 (Reuters) - General Motors' GM.O Cruise robotaxi unit dismissed nine key people amid an ongoing safety investigation, a spokesperson for Cruise confirmed to Reuters on Wednesday. (Reporting by Greg Bensinger) ((greg.bensinger@thomsonreuters.com; Reuters Messaging: @gregbensinger)) The views and 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 Greg Bensinger Dec 13 (Reuters) - General Motors' GM.O Cruise robotaxi unit dismissed nine key people amid an ongoing safety investigation, a spokesperson for Cruise confirmed to Reuters on Wednesday. (Reporting by Greg Bensinger) ((greg.bensinger@thomsonreuters.com; Reuters Messaging: @gregbensinger)) The views and 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 Greg Bensinger Dec 13 (Reuters) - General Motors' GM.O Cruise robotaxi unit dismissed nine key people amid an ongoing safety investigation, a spokesperson for Cruise confirmed to Reuters on Wednesday. (Reporting by Greg Bensinger) ((greg.bensinger@thomsonreuters.com; Reuters Messaging: @gregbensinger)) The views and 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 Greg Bensinger Dec 13 (Reuters) - General Motors' GM.O Cruise robotaxi unit dismissed nine key people amid an ongoing safety investigation, a spokesperson for Cruise confirmed to Reuters on Wednesday. (Reporting by Greg Bensinger) ((greg.bensinger@thomsonreuters.com; Reuters Messaging: @gregbensinger)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3a083406-0617-44b5-a148-5f0be6b3335d
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713457.0
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2023-12-11 00:00:00 UTC
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The First of Long Island (FLIC) Soars 6.3%: Is Further Upside Left in the Stock?
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DCOMP
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https://www.nasdaq.com/articles/the-first-of-long-island-flic-soars-6.3%3A-is-further-upside-left-in-the-stock
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nan
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nan
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The First of Long Island (FLIC) shares ended the last trading session 6.3% higher at $13.02. 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 5.3% gain over the past four weeks.
The Federal Reserve signaled the end of the current rate hike cycle and kept the interest rates unchanged at a 22-year high of 5.25-5.5% at the end of the two-day FOMC meeting. Further, the central bank indicated three interest rate cuts by 2024 end. These developments turned investor sentiments bullish on bank stocks as high funding costs will somewhat come down next year, thus supporting spread income and margin. Also, going forward, such monetary easing is likely to propel consumer spending. Hence, the First of Long Island stock moved higher.
This holding company for The First National Bank of Long Island is expected to post quarterly earnings of $0.27 per share in its upcoming report, which represents a year-over-year change of -38.6%. Revenues are expected to be $23.2 million, down 24.4% 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 The First of Long Island, 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 FLIC 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 >>>>
The First of Long Island is a member of the Zacks Banks - Northeast industry. One other stock in the same industry, Valley National (VLY), finished the last trading session 5.8% higher at $10.38. VLY has returned 13.3% over the past month.
For Valley National, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.25. This represents a change of -28.6% from what the company reported a year ago. Valley National currently has a Zacks Rank of #3 (Hold).
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
The First of Long Island Corporation (FLIC) : Free Stock Analysis Report
Valley National Bancorp (VLY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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 sentiments bullish on bank stocks as high funding costs will somewhat come down next year, thus supporting spread income and margin. This holding company for The First National Bank of Long Island is expected to post quarterly earnings of $0.27 per share in its upcoming report, which represents a year-over-year change of -38.6%. 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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This holding company for The First National Bank of Long Island is expected to post quarterly earnings of $0.27 per share in its upcoming report, which represents a year-over-year change of -38.6%. For Valley National, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.25. Click to get this free report The First of Long Island Corporation (FLIC) : Free Stock Analysis Report Valley National Bancorp (VLY) : 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 >>>> The First of Long Island is a member of the Zacks Banks - Northeast industry. Click to get this free report The First of Long Island Corporation (FLIC) : Free Stock Analysis Report Valley National Bancorp (VLY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The First of Long Island (FLIC) shares ended the last trading session 6.3% higher at $13.02. This holding company for The First National Bank of Long Island is expected to post quarterly earnings of $0.27 per share in its upcoming report, which represents a year-over-year change of -38.6%. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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f2ab601c-6d24-400e-8a84-976d66d47554
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713458.0
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2023-12-11 00:00:00 UTC
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First Business Financial Services (FBIZ) Soars 5.8%: Is Further Upside Left in the Stock?
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DCOMP
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https://www.nasdaq.com/articles/first-business-financial-services-fbiz-soars-5.8%3A-is-further-upside-left-in-the-stock
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nan
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First Business Financial Services (FBIZ) shares soared 5.8% in the last trading session to close at $37.15. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 0.5% loss over the past four weeks.
The Federal Reserve signaled the end of the current rate hike cycle and kept the interest rates unchanged at a 22-year high of 5.25-5.5% at the end of the two-day FOMC meeting. Further, the central bank indicated three interest rate cuts by 2024 end. These developments turned investor sentiments bullish on bank stocks as high funding costs will somewhat come down next year, thus supporting spread income and margin. Also, going forward, such monetary easing is likely to propel consumer spending. Hence, the First Business Financial Services stock moved higher.
This bank holding company for First Business Bank and First Business Bank-Milwaukee is expected to post quarterly earnings of $1.14 per share in its upcoming report, which represents a year-over-year change of -3.4%. Revenues are expected to be $37.6 million, up 9.2% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For First Business Financial Services, 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 FBIZ 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 >>>>
First Business Financial Services is a member of the Zacks Banks - Midwest industry. One other stock in the same industry, Heartland Financial (HTLF), finished the last trading session 5% higher at $36.93. HTLF has returned 14.5% over the past month.
For Heartland Financial, the consensus EPS estimate for the upcoming report has changed -138.6% over the past month to -$0.41. This represents a change of -129.9% from what the company reported a year ago. Heartland Financial currently has a Zacks Rank of #3 (Hold).
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
First Business Financial Services, Inc. (FBIZ) : Free Stock Analysis Report
Heartland Financial USA, Inc. (HTLF) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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 sentiments bullish on bank stocks as high funding costs will somewhat come down next year, thus supporting spread income and margin. 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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This bank holding company for First Business Bank and First Business Bank-Milwaukee is expected to post quarterly earnings of $1.14 per share in its upcoming report, which represents a year-over-year change of -3.4%. For Heartland Financial, the consensus EPS estimate for the upcoming report has changed -138.6% over the past month to -$0.41. Click to get this free report First Business Financial Services, Inc. (FBIZ) : Free Stock Analysis Report Heartland Financial USA, Inc. (HTLF) : Free Stock Analysis Report To read this article on Zacks.com click here.
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While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> First Business Financial Services is a member of the Zacks Banks - Midwest industry. Click to get this free report First Business Financial Services, Inc. (FBIZ) : Free Stock Analysis Report Heartland Financial USA, Inc. (HTLF) : Free Stock Analysis Report To read this article on Zacks.com click here.
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This bank holding company for First Business Bank and First Business Bank-Milwaukee is expected to post quarterly earnings of $1.14 per share in its upcoming report, which represents a year-over-year change of -3.4%. For Heartland Financial, the consensus EPS estimate for the upcoming report has changed -138.6% over the past month to -$0.41. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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0c0c2468-db4b-41f1-a6ae-e268c30537e9
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713459.0
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2023-12-11 00:00:00 UTC
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Southern Missouri Bancorp (SMBC) Soars 5.5%: Is Further Upside Left in the Stock?
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DCOMP
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https://www.nasdaq.com/articles/southern-missouri-bancorp-smbc-soars-5.5%3A-is-further-upside-left-in-the-stock
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nan
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nan
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Southern Missouri Bancorp (SMBC) shares soared 5.5% in the last trading session to close at $49.69. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 3.8% gain over the past four weeks.
The Federal Reserve signaled the end of the current rate hike cycle and kept the interest rates unchanged at a 22-year high of 5.25-5.5% at the end of the two-day FOMC meeting. Further, the central bank indicated three interest rate cuts by 2024 end. These developments turned investor sentiments bullish on bank stocks as high funding costs will somewhat come down next year, thus supporting spread income and margin. Also, going forward, such monetary easing is likely to propel consumer spending. Hence, the Southern Missouri Bancorpstock moved higher.
This bank holding company is expected to post quarterly earnings of $1.12 per share in its upcoming report, which represents a year-over-year change of -11.1%. Revenues are expected to be $40.94 million, up 21.5% 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 Southern Missouri Bancorp, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on SMBC 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 >>>>
Southern Missouri Bancorp is part of the Zacks Financial - Savings and Loan industry. Provident Financial (PROV), another stock in the same industry, closed the last trading session 3% higher at $11.64. PROV has returned -0.1% in the past month.
Provident Financial's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.26. Compared to the company's year-ago EPS, this represents a change of -21.2%. Provident Financial currently boasts a Zacks Rank of #2 (Buy).
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
Southern Missouri Bancorp, Inc. (SMBC) : Free Stock Analysis Report
Provident Financial Holdings, Inc. (PROV) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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 sentiments bullish on bank stocks as high funding costs will somewhat come down next year, thus supporting spread income and margin. This bank holding company is expected to post quarterly earnings of $1.12 per share in its upcoming report, which represents a year-over-year change of -11.1%. 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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You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Southern Missouri Bancorp is part of the Zacks Financial - Savings and Loan industry. Provident Financial's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.26. Click to get this free report Southern Missouri Bancorp, Inc. (SMBC) : Free Stock Analysis Report Provident Financial Holdings, Inc. (PROV) : Free Stock Analysis Report To read this article on Zacks.com click here.
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While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Southern Missouri Bancorp is part of the Zacks Financial - Savings and Loan industry. Click to get this free report Southern Missouri Bancorp, Inc. (SMBC) : Free Stock Analysis Report Provident Financial Holdings, Inc. (PROV) : Free Stock Analysis Report To read this article on Zacks.com click here.
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You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Southern Missouri Bancorp is part of the Zacks Financial - Savings and Loan industry. Provident Financial (PROV), another stock in the same industry, closed the last trading session 3% higher at $11.64. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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2d547f5d-0a77-44c3-a432-7cc2d56b1eb4
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713460.0
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2023-12-11 00:00:00 UTC
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Chipotle Mexican Grill (CMG) Rises Yet Lags Behind Market: Some Facts Worth Knowing
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DCOMP
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https://www.nasdaq.com/articles/chipotle-mexican-grill-cmg-rises-yet-lags-behind-market%3A-some-facts-worth-knowing
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nan
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In the latest market close, Chipotle Mexican Grill (CMG) reached $2,340, with a +0.85% movement compared to the previous day. The stock fell short of the S&P 500, which registered a gain of 1.37% for the day. On the other hand, the Dow registered a gain of 1.4%, and the technology-centric Nasdaq increased by 1.38%.
Shares of the Mexican food chain witnessed a gain of 7.13% over the previous month, beating the performance of the Retail-Wholesale sector with its gain of 5.12% and the S&P 500's gain of 5.37%.
The investment community will be paying close attention to the earnings performance of Chipotle Mexican Grill in its upcoming release. The company is slated to reveal its earnings on February 6, 2024. It is anticipated that the company will report an EPS of $9.60, marking a 15.8% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $2.49 billion, indicating a 14.06% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $44.04 per share and revenue of $9.84 billion, indicating changes of +34.35% and +13.99%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for Chipotle Mexican Grill. These revisions help to show the ever-changing nature 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 benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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. Within the past 30 days, our consensus EPS projection remained stagnant. At present, Chipotle Mexican Grill boasts a Zacks Rank of #3 (Hold).
In terms of valuation, Chipotle Mexican Grill is currently trading at a Forward P/E ratio of 52.69. For comparison, its industry has an average Forward P/E of 21.65, which means Chipotle Mexican Grill is trading at a premium to the group.
Meanwhile, CMG's PEG ratio is currently 2.03. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Retail - Restaurants stocks are, on average, holding a PEG ratio of 1.9 based on yesterday's closing prices.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 51, finds itself in the top 21% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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
Chipotle Mexican Grill, Inc. (CMG) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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, Chipotle Mexican Grill (CMG) reached $2,340, with a +0.85% movement compared to the previous day. The investment community will be paying close attention to the earnings performance of Chipotle Mexican Grill in its upcoming release. 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.
|
In the latest market close, Chipotle Mexican Grill (CMG) reached $2,340, with a +0.85% movement compared to the previous day. Alongside, our most recent consensus estimate is anticipating revenue of $2.49 billion, indicating a 14.06% upward movement from the same quarter last year. Click to get this free report Chipotle Mexican Grill, Inc. (CMG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $44.04 per share and revenue of $9.84 billion, indicating changes of +34.35% and +13.99%, respectively, compared to the previous year. 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 Chipotle Mexican Grill, Inc. (CMG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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In the latest market close, Chipotle Mexican Grill (CMG) reached $2,340, with a +0.85% movement compared to the previous day. Shares of the Mexican food chain witnessed a gain of 7.13% over the previous month, beating the performance of the Retail-Wholesale sector with its gain of 5.12% and the S&P 500's gain of 5.37%. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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47e2a997-db9c-4ea2-82c6-3efd02deb842
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713461.0
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2023-12-11 00:00:00 UTC
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Halliburton (HAL) Rises Yet Lags Behind Market: Some Facts Worth Knowing
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DCOMP
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https://www.nasdaq.com/articles/halliburton-hal-rises-yet-lags-behind-market%3A-some-facts-worth-knowing
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nan
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nan
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Halliburton (HAL) ended the recent trading session at $34.69, demonstrating a +0.73% swing from the preceding day's closing price. This change lagged the S&P 500's 1.37% gain on the day. Meanwhile, the Dow gained 1.4%, and the Nasdaq, a tech-heavy index, added 1.38%.
The provider of drilling services to oil and gas operators's stock has dropped by 12.1% in the past month, falling short of the Oils-Energy sector's loss of 2.08% and the S&P 500's gain of 5.37%.
Investors will be eagerly watching for the performance of Halliburton in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on January 23, 2024. The company is predicted to post an EPS of $0.80, indicating a 11.11% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $5.79 billion, reflecting a 3.7% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.07 per share and a revenue of $23.1 billion, signifying shifts of +42.79% and +13.79%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for Halliburton. 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 shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Currently, Halliburton is carrying a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Halliburton has a Forward P/E ratio of 11.21 right now. This represents a discount compared to its industry's average Forward P/E of 16.21.
We can also see that HAL currently has a PEG ratio of 0.53. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Oil and Gas - Field Services industry currently had an average PEG ratio of 0.65 as of yesterday's close.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 205, finds itself in the bottom 19% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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
Halliburton Company (HAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The provider of drilling services to oil and gas operators's stock has dropped by 12.1% in the past month, falling short of the Oils-Energy sector's loss of 2.08% and the S&P 500's gain of 5.37%. 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. 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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Over the past month, the Zacks Consensus EPS estimate has remained steady. The Oil and Gas - Field Services industry currently had an average PEG ratio of 0.65 as of yesterday's close. Click to get this free report Halliburton Company (HAL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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This industry, currently bearing a Zacks Industry Rank of 205, finds itself in the bottom 19% echelons 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. Click to get this free report Halliburton Company (HAL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Halliburton (HAL) ended the recent trading session at $34.69, demonstrating a +0.73% swing from the preceding day's closing price. The Oil and Gas - Field Services industry currently had an average PEG ratio of 0.65 as of yesterday's close. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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b8a5c1ff-8b61-486f-b78d-995a3d593fe1
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713462.0
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2023-12-11 00:00:00 UTC
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CANADA STOCKS-Canada shares end at 10-month high on Fed's rate guidance
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DCOMP
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https://www.nasdaq.com/articles/canada-stocks-canada-shares-end-at-10-month-high-on-feds-rate-guidance
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nan
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nan
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By Shashwat Chauhan and Ismail Shakil
Dec 13 (Reuters) - Canada's main stock index rose about 2% on Wednesday to a ten-month closing high in a broad-based rally as investors embraced risk on bets after the U.S. Federal Reserve signaled lower borrowing costs are coming in 2024.
At 4:10 p.m. provisional close, the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 395.61 points, or 1.96%, at 20,629.45, its highest close since Feb. 3. The strong gains mirrored the rally on Wall Street .N, where the Dow Jones Industrial Average .DJI hit its first record high since January 2022.
The Federal Reserve held interest rates steady on Wednesday and signaled in new economic projections that the historic tightening of U.S. monetary policy engineered over the last two years is at an end and lower borrowing costs are coming in 2024.
"The markets are cheering the Fed's decision," said Barry Schwartz, chief investment officer and portfolio manager at Baskin Wealth Management.
"The initial headline of no rate increase was well understood by the markets but the commentary in the presser that he (Fed Chair Jerome Powell) gave got markets excited and the commentary is that pretty much they know they need to act on interest rates well before inflation looks like it's going to reach the 2% level."
The real estate and the utilities sectors, which underperformed in an era of higher interest, were the top performers on the TSX.
Among individual stocks, Bank of Nova Scotia BNS.TO added 1.1% after Canada's No. 4 lender unveiled plans to focus more at home and Mexico in CEO Scott Thomson's first shareholder meeting.
H&R Real Estate Investment Trust HR_u.TO jumped nearly 10% after announcing the sale of Toronto waterfront property, 25 Dockside Drive, for C$232.5 million.
Vermilion Energy VET.TO gained 6.2% buoyed by 2024 budget which included plans to boost dividend by 20%.
Transcontinental TCLa.TO gained 3.5% after the packaging company reported a rise in fourth-quarter adjusted profit per share.
(Reporting by Shashwat Chauhan in Bengaluru, Ismail Shakil in Ottawa; Editing by Shweta Agarwal and Alistair Bell)
((Shashwat.Chauhan@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Shashwat Chauhan and Ismail Shakil Dec 13 (Reuters) - Canada's main stock index rose about 2% on Wednesday to a ten-month closing high in a broad-based rally as investors embraced risk on bets after the U.S. Federal Reserve signaled lower borrowing costs are coming in 2024. The strong gains mirrored the rally on Wall Street .N, where the Dow Jones Industrial Average .DJI hit its first record high since January 2022. The Federal Reserve held interest rates steady on Wednesday and signaled in new economic projections that the historic tightening of U.S. monetary policy engineered over the last two years is at an end and lower borrowing costs are coming in 2024.
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By Shashwat Chauhan and Ismail Shakil Dec 13 (Reuters) - Canada's main stock index rose about 2% on Wednesday to a ten-month closing high in a broad-based rally as investors embraced risk on bets after the U.S. Federal Reserve signaled lower borrowing costs are coming in 2024. The Federal Reserve held interest rates steady on Wednesday and signaled in new economic projections that the historic tightening of U.S. monetary policy engineered over the last two years is at an end and lower borrowing costs are coming in 2024. (Reporting by Shashwat Chauhan in Bengaluru, Ismail Shakil in Ottawa; Editing by Shweta Agarwal and Alistair Bell) ((Shashwat.Chauhan@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Shashwat Chauhan and Ismail Shakil Dec 13 (Reuters) - Canada's main stock index rose about 2% on Wednesday to a ten-month closing high in a broad-based rally as investors embraced risk on bets after the U.S. Federal Reserve signaled lower borrowing costs are coming in 2024. The Federal Reserve held interest rates steady on Wednesday and signaled in new economic projections that the historic tightening of U.S. monetary policy engineered over the last two years is at an end and lower borrowing costs are coming in 2024. "The initial headline of no rate increase was well understood by the markets but the commentary in the presser that he (Fed Chair Jerome Powell) gave got markets excited and the commentary is that pretty much they know they need to act on interest rates well before inflation looks like it's going to reach the 2% level."
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By Shashwat Chauhan and Ismail Shakil Dec 13 (Reuters) - Canada's main stock index rose about 2% on Wednesday to a ten-month closing high in a broad-based rally as investors embraced risk on bets after the U.S. Federal Reserve signaled lower borrowing costs are coming in 2024. The strong gains mirrored the rally on Wall Street .N, where the Dow Jones Industrial Average .DJI hit its first record high since January 2022. "The markets are cheering the Fed's decision," said Barry Schwartz, chief investment officer and portfolio manager at Baskin Wealth Management.
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1e0fb7e2-0adb-4571-a6a4-c231e70764b8
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713463.0
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2023-12-11 00:00:00 UTC
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Analysts Expect This Russell 2000 Penny Stock to Double
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DCOMP
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https://www.nasdaq.com/articles/analysts-expect-this-russell-2000-penny-stock-to-double
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nan
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nan
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Investing in penny stocks is not for the faint-hearted. Typically, stocks priced below $5 are defined as penny stocks - and the share prices of these companies are often extremely volatile, but they also provide shareholders with the potential to derive game-changing returns over time.
Several big tech companies, including Apple (AAPL) and Amazon (AMZN), were once penny stocks that have delivered market-thumping gains for long-term shareholders. However, early investors in these tech titans, too, had to endure multiple pullbacks of over 80% several times on the way to outsized returns.
Investors with a large risk appetite can consider investing a small portion of their equity portfolio in penny stocks that have the potential to outpace the broader markets. One penny stock worth considering around current levels is Opko Health (OPK) - a member of the Russell 2000 Index (RUT) that analysts expect to more than double over the next 12 months.
www.barchart.com
An Overview of OPKO Health
Valued at $1.1 billion by market cap, Opko Health is a healthcare company engaged in the diagnostics and pharmaceuticals businesses in the Americas, Europe, Israel, and other international markets.
A diversified diagnostic platform, Opko Health owns and operates BioReference, one of the largest laboratories in the U.S., with a leading position in verticals such as Oncology and Urology. Following the COVID-19 pandemic, BioReference has transitioned towards core and specialty diagnostics.
It also offers the 4Kscore Test, an FDA-approved blood test that helps assess the probability of aggressive prostate cancer in patients. Last year, Opko acquired ModeX Therapeutics, a biotech company that develops multi-specific immune therapies for cancer and infectious diseases.
What's Driving Growth at Opko?
Similar to other healthcare companies, Opko Health benefited from the COVID-19 pandemic, allowing it to increase sales from $902 million in 2019 to $1.43 billion in 2020 and $1.77 billion by 2021.
However, as the virus was brought under control, sales fell to $1 billion in 2022, and are forecast to decline by 14.4% to $859 million this year. OPK remains unprofitable, but is forecast to narrow its losses in each of the next two fiscal years.
BioReference is among the largest full-service laboratories in the U.S., serving all 50 states. It has labs in New Jersey, Texas, Florida, and California, offering more than 3,000 tests. The lab serves roughly 10 million patients each year while operating high throughput facilities and specialty labs.
The total U.S. lab market is valued at $104 billion, providing Opko Health with enough room to grow its top line, given it reported sales of $868 million over the last four quarters.
In early 2023, OPKO secured FDA approval for Ngnela, which aims to develop diagnostic tests for the early detection of cancer. Its subsidiary ModeX also bagged an initial contract worth $59 million from the Biomedical Advanced Research Development Authority to develop antibodies against viral infectious disease threats. On reaching certain milestones, ModeX will be eligible for an additional grant totaling $109 million.
What Is the Target Price for This Penny Stock?
Along with the quiet endorsement of heavy insider buying, each of the five analysts tracking OPK stock has a “strong buy” rating on the healthcare company. The average target price for OPK is $3.60, indicating an upside potential of almost 137% from current levels.
www.barchart.com
On the date of publication, Aditya Raghunath did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Several big tech companies, including Apple (AAPL) and Amazon (AMZN), were once penny stocks that have delivered market-thumping gains for long-term shareholders. One penny stock worth considering around current levels is Opko Health (OPK) - a member of the Russell 2000 Index (RUT) that analysts expect to more than double over the next 12 months. The total U.S. lab market is valued at $104 billion, providing Opko Health with enough room to grow its top line, given it reported sales of $868 million over the last four quarters.
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One penny stock worth considering around current levels is Opko Health (OPK) - a member of the Russell 2000 Index (RUT) that analysts expect to more than double over the next 12 months. www.barchart.com An Overview of OPKO Health Valued at $1.1 billion by market cap, Opko Health is a healthcare company engaged in the diagnostics and pharmaceuticals businesses in the Americas, Europe, Israel, and other international markets. The total U.S. lab market is valued at $104 billion, providing Opko Health with enough room to grow its top line, given it reported sales of $868 million over the last four quarters.
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Typically, stocks priced below $5 are defined as penny stocks - and the share prices of these companies are often extremely volatile, but they also provide shareholders with the potential to derive game-changing returns over time. www.barchart.com An Overview of OPKO Health Valued at $1.1 billion by market cap, Opko Health is a healthcare company engaged in the diagnostics and pharmaceuticals businesses in the Americas, Europe, Israel, and other international markets. Similar to other healthcare companies, Opko Health benefited from the COVID-19 pandemic, allowing it to increase sales from $902 million in 2019 to $1.43 billion in 2020 and $1.77 billion by 2021.
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Typically, stocks priced below $5 are defined as penny stocks - and the share prices of these companies are often extremely volatile, but they also provide shareholders with the potential to derive game-changing returns over time. The total U.S. lab market is valued at $104 billion, providing Opko Health with enough room to grow its top line, given it reported sales of $868 million over the last four quarters. What Is the Target Price for This Penny Stock?
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c63e7b7a-5664-47f1-a460-b9875aa9ec7b
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713464.0
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2023-12-11 00:00:00 UTC
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Pinterest (PINS) Increases Yet Falls Behind Market: What Investors Need to Know
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DCOMP
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https://www.nasdaq.com/articles/pinterest-pins-increases-yet-falls-behind-market%3A-what-investors-need-to-know
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nan
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nan
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The most recent trading session ended with Pinterest (PINS) standing at $36.51, reflecting a +1.05% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily gain of 1.37%. Meanwhile, the Dow experienced a rise of 1.4%, and the technology-dominated Nasdaq saw an increase of 1.38%.
Prior to today's trading, shares of the digital pinboard and shopping tool company had gained 12.31% over the past month. This has outpaced the Computer and Technology sector's gain of 4.65% and the S&P 500's gain of 5.37% in that time.
Market participants will be closely following the financial results of Pinterest in its upcoming release. It is anticipated that the company will report an EPS of $0.51, marking a 75.86% rise compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $986.49 million, up 12.46% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.07 per share and revenue of $3.06 billion. These totals would mark changes of +72.58% and +9.09%, respectively, from last year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Pinterest. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 11.86% increase. At present, Pinterest boasts a Zacks Rank of #2 (Buy).
In terms of valuation, Pinterest is currently trading at a Forward P/E ratio of 33.77. This valuation marks a discount compared to its industry's average Forward P/E of 37.81.
Also, we should mention that PINS has a PEG ratio of 0.94. 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 of the close of trade yesterday, the Internet - Software industry held an average PEG ratio of 1.73.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 26, placing it within the top 11% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming 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
Pinterest, Inc. (PINS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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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Prior to today's trading, shares of the digital pinboard and shopping tool company had gained 12.31% over the past month. 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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The most recent trading session ended with Pinterest (PINS) standing at $36.51, reflecting a +1.05% shift from the previouse trading day's closing. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.07 per share and revenue of $3.06 billion. Click to get this free report Pinterest, Inc. (PINS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The most recent trading session ended with Pinterest (PINS) standing at $36.51, reflecting a +1.05% shift from the previouse trading day's closing. At present, this industry carries a Zacks Industry Rank of 26, placing it within the top 11% of over 250 industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups.
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The most recent trading session ended with Pinterest (PINS) standing at $36.51, reflecting a +1.05% shift from the previouse trading day's closing. At present, this industry carries a Zacks Industry Rank of 26, placing it within the top 11% of over 250 industries. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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b5123ab9-5bf5-448f-9735-3698173fcaee
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713465.0
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2023-12-11 00:00:00 UTC
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Nucor (NUE) Beats Stock Market Upswing: What Investors Need to Know
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DCOMP
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https://www.nasdaq.com/articles/nucor-nue-beats-stock-market-upswing%3A-what-investors-need-to-know
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nan
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Nucor (NUE) closed at $166.72 in the latest trading session, marking a +1.81% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 1.37%. Meanwhile, the Dow experienced a rise of 1.4%, and the technology-dominated Nasdaq saw an increase of 1.38%.
The steel company's shares have seen an increase of 5.67% over the last month, not keeping up with the Basic Materials sector's gain of 5.69% and outstripping the S&P 500's gain of 5.37%.
Investors will be eagerly watching for the performance of Nucor in its upcoming earnings disclosure. The company is forecasted to report an EPS of $3.09, showcasing a 36.81% downward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $7.52 billion, showing a 13.85% drop compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $17.94 per share and revenue of $34.53 billion, which would represent changes of -37.69% and -16.83%, respectively, from the prior year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Nucor. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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, 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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.65% increase. Nucor is holding a Zacks Rank of #3 (Hold) right now.
Looking at valuation, Nucor is presently trading at a Forward P/E ratio of 9.13. This signifies a premium in comparison to the average Forward P/E of 8.4 for its industry.
The Steel - Producers industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 89, positioning it in the top 36% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming 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
Nucor Corporation (NUE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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 $7.52 billion, showing a 13.85% drop compared to the year-ago quarter. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits. 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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For the full year, the Zacks Consensus Estimates are projecting earnings of $17.94 per share and revenue of $34.53 billion, which would represent changes of -37.69% and -16.83%, respectively, from the prior year. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits. Click to get this free report Nucor Corporation (NUE) : 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. Currently, this industry holds a Zacks Industry Rank of 89, positioning it in the top 36% 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.
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Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.65% increase. 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. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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5d6a7a6f-40b2-4dc4-bda7-229b50d1cea6
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713466.0
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2023-12-11 00:00:00 UTC
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Walker & Dunlop Inc Shares Climb 3.4% Past Previous 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/walker-dunlop-inc-shares-climb-3.4-past-previous-52-week-high-market-mover
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nan
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nan
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Walker & Dunlop Inc (WD) shares closed 3.4% higher than its previous 52 week high, giving the company a market cap of $3B. The stock is currently up 33.2% year-to-date, up 23.9% over the past 12 months, and up 160.1% over the past five years. This week, the Dow Jones Industrial Average rose 2.9%, and the S&P 500 rose 3.5%.
Trading Activity
Trading volume this week was 68.5% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.8.
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 -387.1%
The company's stock price performance over the past 12 months beats the peer average by -251.8%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 665.2% 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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Walker & Dunlop Inc (WD) shares closed 3.4% higher than its previous 52 week high, giving the company a market cap of $3B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.8. 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 -387.1% The company's stock price performance over the past 12 months beats the peer average by -251.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 665.2% higher than the average peer.
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Walker & Dunlop Inc (WD) shares closed 3.4% higher than its previous 52 week high, giving the company a market cap of $3B. This week, the Dow Jones Industrial Average rose 2.9%, and the S&P 500 rose 3.5%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and 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 -387.1% The company's stock price performance over the past 12 months beats the peer average by -251.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 665.2% 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 -387.1% The company's stock price performance over the past 12 months beats the peer average by -251.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 665.2% 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 2.9%, and the S&P 500 rose 3.5%. 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 -387.1% The company's stock price performance over the past 12 months beats the peer average by -251.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 665.2% higher than the average peer.
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7c7c8ae1-af0d-491b-ac39-c16e1b60c99c
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713467.0
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2023-12-11 00:00:00 UTC
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Taro Pharmaceutical Industries Shares Near 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/taro-pharmaceutical-industries-shares-near-52-week-high-market-mover
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nan
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nan
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Taro Pharmaceutical Industries (TARO) shares closed today at 1.8% below its 52 week high of $42.22, giving the company a market cap of $1B. The stock is currently up 42.9% year-to-date, up 41.8% over the past 12 months, and down 54.2% over the past five years. This week, the Dow Jones Industrial Average rose 2.9%, and the S&P 500 rose 3.5%.
Trading Activity
Trading volume this week was 175.1% higher 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 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 Health Care 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 -1299.1%
The company's stock price performance over the past 12 months beats the peer average by -1012.1%
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 0.4. 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 Health Care 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 -1299.1% The company's stock price performance over the past 12 months beats the peer average by -1012.1% This story was produced by the Kwhen Automated News Generator.
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Taro Pharmaceutical Industries (TARO) shares closed today at 1.8% below its 52 week high of $42.22, giving the company a market cap of $1B. This week, the Dow Jones Industrial Average rose 2.9%, and the S&P 500 rose 3.5%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Health Care 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 -1299.1% The company's stock price performance over the past 12 months beats the peer average by -1012.1%
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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 Health Care 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 -1299.1% The company's stock price performance over the past 12 months beats the peer average by -1012.1% 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 2.9%, and the S&P 500 rose 3.5%. 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 Health Care 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 -1299.1% The company's stock price performance over the past 12 months beats the peer average by -1012.1%
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cc819713-072a-4d1a-afd3-278ff0319fba
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713468.0
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2023-12-11 00:00:00 UTC
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2 Promising REITs with Robust Bottom lines & Dividend Yields Over 5%
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DCOMP
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https://www.nasdaq.com/articles/2-promising-reits-with-robust-bottom-lines-dividend-yields-over-5
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Real Estate Investment Trusts (REITs) tend to offer lucrative dividends but it is often wise to check their earnings outlook to ensure they can sustain their lofty yields.
Gauging REITs with strengthening prospects is also critical in the selection of those that may be able to have strong price performances in addition to providing income in the portfolio, thus boosting investors' total returns.
With that being said, here are two companies with income-producing real estate assets that investors may want to own at the moment.
Alexander’s ALX
Flaunting a Zacks Rank #1 (Strong Buy) we’ll start with Alexander’s, which leases, manages, and redevelops properties primarily in New York City that include shopping centers and apartment towers in Queens and Manhattan.
Alexander’s currently has a whopping 9.46% annual dividend yield that towers over the S&P 500’s 1.41% and even the Zacks REIT and Equity Trust-Other Markets’ 4.08%.
Image Source: Zacks Investment Research
Earnings Estimate Revisions
More intriguing is that Alexander’s earnings outlook has drastically improved over the last 60 days with FY23 EPS estimates climbing 19% from $14.04 a share to $16.77 per share. Even better, FY24 EPS estimates have jumped 13% in the last two months.
Image Source: Zacks Investment Research
Compelling Metrics
Price to Earnings Valuation: Alexander’s strengthening outlook makes its 11.3X forward earnings multiple look more attractive trading at a discount to the industry average of 15.2X and well below the S&P 500’s 21.7X.
Image Source: Zacks Investment Research
Price to Cash Flow Valuation: In terms of price to cash flow, Alexander’s P/CF of 10.7X is nicely beneath the optimum level of less than 20X, the S&P 500’s 16.7X, and its industry average of 13.8X.
Image Source: Zacks Investment Research
Return on Equity: With real estate assets in perhaps the most thriving city in the world, Alexander’s has also made good use of its equity and the return generated on it with an ROE of 40.74% over the last 12 months compared to its industry average of 5.27% and the S&P 500 at 25.68%.
Image Source: Zacks Investment Research
Innovative Industrial Properties IIPR
Sporting a Zacks Rank #2 (Buy) Innovative Industrial Properties is a REIT focused on the acquisition, ownership, and management of specialized industrial properties leased to experienced, state-licensed operators for medical use in regulated cannabis facilities.
Innovative Industrial Properties currently has an 8.19% annual dividend yield that has increased 12 times in the last five years and easily trumps the Zacks REIT and Equity Trust-Other Markets’ 4.08% and the benchmark.
Image Source: Zacks Investment Research
Earnings Estimate Revisions: Earnings estimate revisions have also remained higher for Innovative Industrial Properties over the last two months making the company’s steady but slower growth more appealing. Notably, annual earnings are now projected to be up 7% this year and rise another 1% in FY24 to $9.16 per share.
Image Source: Zacks Investment Research
Compelling Metrics
Price to Earnings Valuation: With rising earnings estimates also offering further support to its P/E valuation, Innovative Industrial Properties trades at just 9.6X forward earnings which is a 36% discount to the Zacks REIT and Equity Trust-Other industry average and well below the benchmark.
Image Source: Zacks Investment Research
Price to Cash Flow Valuation: Innovative Industrial Properties' P/CF of 10.1X is reassuringly below the industry average of 13.8X and the S&P 500 as well.
Image Source: Zacks Investment Research
Total Debt/Capital: Another metric that stands out for Industrial Properties is its total debt to capital percentage of 13% which is impressively lower than the optimum level of 40% and illustrates the company should be able to sustain its lofty dividend.
Image Source: Zacks Investment Research
Bottom Line
Alexander’s and Innovative Industrial Properties have robust bottom lines, and rising earnings estimates are even more promising that these REITs could have more upside ahead. Key financial metrics are starting to support this as well and now looks like an ideal time to buy with their dividend yields above 5% at the moment.
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
Innovative Industrial Properties, Inc. (IIPR) : Free Stock Analysis Report
Alexander's, Inc. (ALX) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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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Real Estate Investment Trusts (REITs) tend to offer lucrative dividends but it is often wise to check their earnings outlook to ensure they can sustain their lofty yields. Gauging REITs with strengthening prospects is also critical in the selection of those that may be able to have strong price performances in addition to providing income in the portfolio, thus boosting investors' total returns. Innovative Industrial Properties currently has an 8.19% annual dividend yield that has increased 12 times in the last five years and easily trumps the Zacks REIT and Equity Trust-Other Markets’ 4.08% and the benchmark.
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Image Source: Zacks Investment Research Compelling Metrics Price to Earnings Valuation: Alexander’s strengthening outlook makes its 11.3X forward earnings multiple look more attractive trading at a discount to the industry average of 15.2X and well below the S&P 500’s 21.7X. Image Source: Zacks Investment Research Compelling Metrics Price to Earnings Valuation: With rising earnings estimates also offering further support to its P/E valuation, Innovative Industrial Properties trades at just 9.6X forward earnings which is a 36% discount to the Zacks REIT and Equity Trust-Other industry average and well below the benchmark. Click to get this free report Innovative Industrial Properties, Inc. (IIPR) : Free Stock Analysis Report Alexander's, Inc. (ALX) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Image Source: Zacks Investment Research Innovative Industrial Properties IIPR Sporting a Zacks Rank #2 (Buy) Innovative Industrial Properties is a REIT focused on the acquisition, ownership, and management of specialized industrial properties leased to experienced, state-licensed operators for medical use in regulated cannabis facilities. Image Source: Zacks Investment Research Earnings Estimate Revisions: Earnings estimate revisions have also remained higher for Innovative Industrial Properties over the last two months making the company’s steady but slower growth more appealing. Image Source: Zacks Investment Research Compelling Metrics Price to Earnings Valuation: With rising earnings estimates also offering further support to its P/E valuation, Innovative Industrial Properties trades at just 9.6X forward earnings which is a 36% discount to the Zacks REIT and Equity Trust-Other industry average and well below the benchmark.
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Image Source: Zacks Investment Research Earnings Estimate Revisions More intriguing is that Alexander’s earnings outlook has drastically improved over the last 60 days with FY23 EPS estimates climbing 19% from $14.04 a share to $16.77 per share. Image Source: Zacks Investment Research Compelling Metrics Price to Earnings Valuation: With rising earnings estimates also offering further support to its P/E valuation, Innovative Industrial Properties trades at just 9.6X forward earnings which is a 36% discount to the Zacks REIT and Equity Trust-Other industry average and well below the benchmark. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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c4cc6402-60fd-4f07-9688-8c86e4d0d635
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713469.0
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2023-12-11 00:00:00 UTC
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Cedar Fair investor cries foul over $8 billion Six Flags merger
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DCOMP
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https://www.nasdaq.com/articles/cedar-fair-investor-cries-foul-over-%248-billion-six-flags-merger
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By Abigail Summerville
Dec 13 (Reuters) - One of Cedar Fair's largest investors has sent a letter to the U.S. amusement park operator to complain that the company is stripping shareholders from a say on its planned $8 billion merger with Six Flags Entertainment Corp SIX.N.
Neuberger Berman, which owns about 3% of Cedar Fair FUN.N, told Reuters it wrote to the company on Dec. 4 to complain that it structured the deal so that shareholders will not get to vote on it as Six Flags shareholders will.
This was achieved, according to Neuberger, by having Six Flags pay out a $85 million special dividend that shrunk its size and allowed Cedar Fair to be deemed the acquirer in the transaction. Had it been deemed the acquisition target, change-of-control provisions in Cedar Fair's bylaws would have required it to hold a shareholder vote on the deal.
Neuberger Berman also said the breakup fee structure discourages Cedar Fair from exploring offers from other parties. It added that Cedar Fair shareholders who enjoyed tax benefits because the company was structured as a partnership will lose out because the combined entity will be taxed as a corporation.
Cedar Fair declined to comment. Six Flags did not immediately respond to requests for comment.
Neuberger Berman managing director Doug Rachlin said Cedar Fair responded to his letter by holding a call with him last week to hear him out, but that the company has taken no actions since.
The tie-up, which was agreed to last month, will unit Cedar Fair's properties, which have a license to use Peanuts characters such as Snoopy and Charlie Brown, with Six Flags' amusement and water parks, which license Warner Bros and DC Comics characters, such as Bugs Bunny and Batman.
The companies say that the appeal to visitors of the combined park portfolio will boost revenue and cash flow, helping the parks compete with rivals like SeaWorld Entertainment SEAS.N and Disney's DIS.N theme parks.
Since news of the planned deal broke in early November, Cedar Fair shares have climbed about 14%.
Neuberger Berman has been an investor in Cedar Fair for almost three decades.
In 2010, it and other investors successfully opposed a takeover of Cedar Fair by private equity firm Apollo Management. The investors said Apollo's offer undervalued the company.
(Reporting by Abigail Summerville in New York Editing by Bill Berkrot)
((abigail.summerville@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Abigail Summerville Dec 13 (Reuters) - One of Cedar Fair's largest investors has sent a letter to the U.S. amusement park operator to complain that the company is stripping shareholders from a say on its planned $8 billion merger with Six Flags Entertainment Corp SIX.N. This was achieved, according to Neuberger, by having Six Flags pay out a $85 million special dividend that shrunk its size and allowed Cedar Fair to be deemed the acquirer in the transaction. Neuberger Berman managing director Doug Rachlin said Cedar Fair responded to his letter by holding a call with him last week to hear him out, but that the company has taken no actions since.
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By Abigail Summerville Dec 13 (Reuters) - One of Cedar Fair's largest investors has sent a letter to the U.S. amusement park operator to complain that the company is stripping shareholders from a say on its planned $8 billion merger with Six Flags Entertainment Corp SIX.N. It added that Cedar Fair shareholders who enjoyed tax benefits because the company was structured as a partnership will lose out because the combined entity will be taxed as a corporation. Neuberger Berman managing director Doug Rachlin said Cedar Fair responded to his letter by holding a call with him last week to hear him out, but that the company has taken no actions since.
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By Abigail Summerville Dec 13 (Reuters) - One of Cedar Fair's largest investors has sent a letter to the U.S. amusement park operator to complain that the company is stripping shareholders from a say on its planned $8 billion merger with Six Flags Entertainment Corp SIX.N. Neuberger Berman, which owns about 3% of Cedar Fair FUN.N, told Reuters it wrote to the company on Dec. 4 to complain that it structured the deal so that shareholders will not get to vote on it as Six Flags shareholders will. Neuberger Berman managing director Doug Rachlin said Cedar Fair responded to his letter by holding a call with him last week to hear him out, but that the company has taken no actions since.
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Neuberger Berman, which owns about 3% of Cedar Fair FUN.N, told Reuters it wrote to the company on Dec. 4 to complain that it structured the deal so that shareholders will not get to vote on it as Six Flags shareholders will. Neuberger Berman has been an investor in Cedar Fair for almost three decades. The investors said Apollo's offer undervalued the company.
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a8179ada-5b19-4099-a6c3-bcce8eea43e2
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713470.0
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2023-12-11 00:00:00 UTC
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Elevance Health (ELV) Rises Yet Lags Behind Market: Some Facts Worth Knowing
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DCOMP
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https://www.nasdaq.com/articles/elevance-health-elv-rises-yet-lags-behind-market%3A-some-facts-worth-knowing
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nan
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Elevance Health (ELV) closed the most recent trading day at $488.06, moving +0.94% from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 1.37%. Elsewhere, the Dow gained 1.4%, while the tech-heavy Nasdaq added 1.38%.
Shares of the health insurer have appreciated by 4.72% over the course of the past month, underperforming the Medical sector's gain of 5.42% and the S&P 500's gain of 5.37%.
Analysts and investors alike will be keeping a close eye on the performance of Elevance Health in its upcoming earnings disclosure. The company is expected to report EPS of $5.54, up 5.93% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $41.97 billion, up 5.8% from the year-ago period.
ELV's full-year Zacks Consensus Estimates are calling for earnings of $33.06 per share and revenue of $169.83 billion. These results would represent year-over-year changes of +13.73% and +9.1%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for Elevance Health. 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 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 past month, the Zacks Consensus EPS estimate has moved 0.01% lower. Elevance Health is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Elevance Health is currently trading at a Forward P/E ratio of 14.63. This denotes a discount relative to the industry's average Forward P/E of 20.96.
It is also worth noting that ELV currently has a PEG ratio of 1.21. 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 average PEG ratio for the Medical Services industry stood at 1.67 at the close of the market yesterday.
The Medical Services industry is part of the Medical sector. With its current Zacks Industry Rank of 77, this industry ranks in the top 31% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming 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
Elevance Health, Inc. (ELV) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Analysts and investors alike will be keeping a close eye on the performance of Elevance Health in its upcoming earnings disclosure. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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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Elevance Health (ELV) closed the most recent trading day at $488.06, moving +0.94% from the previous trading session. Over the past month, the Zacks Consensus EPS estimate has moved 0.01% lower. Click to get this free report Elevance Health, Inc. (ELV) : Free Stock Analysis Report To read this article on Zacks.com click here.
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With its current Zacks Industry Rank of 77, this industry ranks in the top 31% of all industries, numbering over 250. The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Click to get this free report Elevance Health, Inc. (ELV) : Free Stock Analysis Report To read this article on Zacks.com click here.
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As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability. With its current Zacks Industry Rank of 77, this industry ranks in the top 31% of all industries, numbering over 250. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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225af311-1f59-419b-a25c-b2c0c881dac6
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713471.0
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2023-12-11 00:00:00 UTC
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Steel Dynamics (STLD) Outperforms Broader Market: What You Need to Know
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DCOMP
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https://www.nasdaq.com/articles/steel-dynamics-stld-outperforms-broader-market%3A-what-you-need-to-know
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nan
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The most recent trading session ended with Steel Dynamics (STLD) standing at $115.36, reflecting a +1.38% shift from the previouse trading day's closing. The stock outpaced the S&P 500's daily gain of 1.37%. Elsewhere, the Dow gained 1.4%, while the tech-heavy Nasdaq added 1.38%.
Shares of the steel producer and metals recycler have appreciated by 2.74% over the course of the past month, underperforming the Basic Materials sector's gain of 5.69% and the S&P 500's gain of 5.37%.
Analysts and investors alike will be keeping a close eye on the performance of Steel Dynamics in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $2.44, reflecting a 44.16% decrease from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $4.03 billion, down 16.43% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $14.40 per share and a revenue of $18.6 billion, representing changes of -36.51% and -16.47%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Steel Dynamics. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Currently, Steel Dynamics is carrying a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Steel Dynamics has a Forward P/E ratio of 7.9 right now. This denotes a discount relative to the industry's average Forward P/E of 8.4.
The Steel - Producers industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 89, placing it within the top 36% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next 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
Steel Dynamics, Inc. (STLD) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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 Steel Dynamics in its upcoming earnings disclosure. 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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The most recent trading session ended with Steel Dynamics (STLD) standing at $115.36, reflecting a +1.38% shift from the previouse trading day's closing. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Click to get this free report Steel Dynamics, Inc. (STLD) : 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 89, placing it within the top 36% of over 250 industries. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Click to get this free report Steel Dynamics, Inc. (STLD) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The most recent trading session ended with Steel Dynamics (STLD) standing at $115.36, reflecting a +1.38% shift from the previouse trading day's closing. Currently, Steel Dynamics is carrying a Zacks Rank of #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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d07b3f8e-8f1b-4414-9ac3-8a2904da3eb8
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713472.0
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2023-12-11 00:00:00 UTC
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Strength Seen in Origin Bancorp (OBK): Can Its 5.3% Jump Turn into More Strength?
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DCOMP
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https://www.nasdaq.com/articles/strength-seen-in-origin-bancorp-obk%3A-can-its-5.3-jump-turn-into-more-strength
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nan
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Origin Bancorp (OBK) shares ended the last trading session 5.3% higher at $35.32. 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 1.5% gain over the past four weeks.
The Federal Reserve signaled the end of the current rate hike cycle and kept the interest rates unchanged at a 22-year high of 5.25-5.5% at the end of the two-day FOMC meeting. Further, the central bank indicated three interest rate cuts by 2024 end. These developments turned investor sentiments bullish on bank stocks as high funding costs will somewhat come down next year, thus supporting spread income and margin. Also, going forward, such monetary easing is likely to propel consumer spending. Hence, the Origin Bancorp stock moved higher.
This bank holding company is expected to post quarterly earnings of $0.63 per share in its upcoming report, which represents a year-over-year change of -33.7%. Revenues are expected to be $95.55 million, down 2.7% 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 Origin Bancorp, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on OBK 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 >>>>
Origin Bancorp is a member of the Zacks Banks - Southeast industry. One other stock in the same industry, Community Trust Bancorp (CTBI), finished the last trading session 5.2% higher at $43.89. CTBI has returned 0.9% over the past month.
Community Trust Bancorp's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.08. Compared to the company's year-ago EPS, this represents a change of -14.3%. Community Trust Bancorp currently boasts a Zacks Rank of #1 (Strong Buy).
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
Origin Bancorp, Inc. (OBK) : Free Stock Analysis Report
Community Trust Bancorp, Inc. (CTBI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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 sentiments bullish on bank stocks as high funding costs will somewhat come down next year, thus supporting spread income and margin. This bank holding company is expected to post quarterly earnings of $0.63 per share in its upcoming report, which represents a year-over-year change of -33.7%. 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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You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Origin Bancorp is a member of the Zacks Banks - Southeast industry. Community Trust Bancorp's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.08. Click to get this free report Origin Bancorp, Inc. (OBK) : Free Stock Analysis Report Community Trust Bancorp, Inc. (CTBI) : 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 >>>> Origin Bancorp is a member of the Zacks Banks - Southeast industry. Click to get this free report Origin Bancorp, Inc. (OBK) : Free Stock Analysis Report Community Trust Bancorp, Inc. (CTBI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Origin Bancorp (OBK) shares ended the last trading session 5.3% higher at $35.32. Community Trust Bancorp's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.08. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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96aadfde-1d9a-4308-84c0-92b84e33d4c7
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713473.0
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2023-12-11 00:00:00 UTC
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BP (BP) Increases Yet Falls Behind Market: What Investors Need to Know
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DCOMP
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https://www.nasdaq.com/articles/bp-bp-increases-yet-falls-behind-market%3A-what-investors-need-to-know
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nan
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nan
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The most recent trading session ended with BP (BP) standing at $35.03, reflecting a +0.78% shift from the previouse trading day's closing. The stock lagged the S&P 500's daily gain of 1.37%. At the same time, the Dow added 1.4%, and the tech-heavy Nasdaq gained 1.38%.
Shares of the oil and gas company have depreciated by 3.04% over the course of the past month, underperforming the Oils-Energy sector's loss of 2.08% and the S&P 500's gain of 5.37%.
Market participants will be closely following the financial results of BP in its upcoming release. On that day, BP is projected to report earnings of $1.33 per share, which would represent a year-over-year decline of 16.35%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $65.59 billion, down 6.77% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $5.05 per share and revenue of $220.2 billion. These totals would mark changes of -42.22% and -11.53%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for BP. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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, 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. Within the past 30 days, our consensus EPS projection has moved 2.63% lower. BP is holding a Zacks Rank of #3 (Hold) right now.
With respect to valuation, BP is currently being traded at a Forward P/E ratio of 6.89. This expresses a premium compared to the average Forward P/E of 6.6 of its industry.
Investors should also note that BP has a PEG ratio of 1.06 right now. 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 Oil and Gas - Integrated - International industry was having an average PEG ratio of 0.82.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 68, putting it in the top 27% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow BP in the coming trading sessions, be sure to utilize Zacks.com.
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
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of the oil and gas company have depreciated by 3.04% over the course of the past month, underperforming the Oils-Energy sector's loss of 2.08% and the S&P 500's gain of 5.37%. 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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Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $5.05 per share and revenue of $220.2 billion. As the market closed yesterday, the Oil and Gas - Integrated - International industry was having an average PEG ratio of 0.82. Zacks Investment 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 most recent trading session ended with BP (BP) standing at $35.03, reflecting a +0.78% shift from the previouse trading day's closing. 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 assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups.
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As the market closed yesterday, the Oil and Gas - Integrated - International industry was having an average PEG ratio of 0.82. This group has a Zacks Industry Rank of 68, putting it in the top 27% of all 250+ industries. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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77864f81-ad77-419a-ab4c-5fc102961bb3
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713474.0
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2023-12-11 00:00:00 UTC
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Pembina Pipeline to buy Enbridge's JV interests for $2.30 bln
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DCOMP
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https://www.nasdaq.com/articles/pembina-pipeline-to-buy-enbridges-jv-interests-for-%242.30-bln
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Adds details and background from paragraph 4-10
Dec 13 (Reuters) - Pembina Pipeline PPL.TO said on Wednesday it would buy Enbridge's ENB.TO interests in the Alliance Pipeline, Aux Sable and NRGreen joint ventures for C$3.1 billion ($2.30 billion).
Alliance delivers liquids rich natural gas sourced in Northeast B.C., Northwest Alberta and the Bakken region to Chicago.
Aux Sable operates natural gas liquids (NGL) extraction and fractionation facilities in both Canada and the U.S., with extraction rights on Alliance, offering connectivity to key U.S. NGL hubs.
Pembina would assume C$327 million of debt as part of the deal, helping Enbridge offload some leverage.
Investors fretted over Enbridge's debt load from the $14 billion bid for three of Dominion Energy's D.N natural gas distribution companies in September.
"The sales proceeds will fund a portion of the strategic U.S. gas utilities acquisitions and be used for debt reduction," Enbridge said in a separate statement.
Pembina added the deals are expected to be completed in the first half of 2024.
Pembina currently owns 50% of the equity interests in Alliance, Aux Sable's Canadian operations and NRGreen.
It also owns about 42.7% of the equity interests in Aux Sable's U.S. operations.
($1 = 1.3504 Canadian dollars)
(Reporting by Arunima Kumar in Bengaluru; Editing by Krishna Chandra Eluri)
((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94 ;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Alliance delivers liquids rich natural gas sourced in Northeast B.C., Northwest Alberta and the Bakken region to Chicago. Investors fretted over Enbridge's debt load from the $14 billion bid for three of Dominion Energy's D.N natural gas distribution companies in September. "The sales proceeds will fund a portion of the strategic U.S. gas utilities acquisitions and be used for debt reduction," Enbridge said in a separate statement.
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Adds details and background from paragraph 4-10 Dec 13 (Reuters) - Pembina Pipeline PPL.TO said on Wednesday it would buy Enbridge's ENB.TO interests in the Alliance Pipeline, Aux Sable and NRGreen joint ventures for C$3.1 billion ($2.30 billion). Aux Sable operates natural gas liquids (NGL) extraction and fractionation facilities in both Canada and the U.S., with extraction rights on Alliance, offering connectivity to key U.S. NGL hubs. Pembina currently owns 50% of the equity interests in Alliance, Aux Sable's Canadian operations and NRGreen.
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Adds details and background from paragraph 4-10 Dec 13 (Reuters) - Pembina Pipeline PPL.TO said on Wednesday it would buy Enbridge's ENB.TO interests in the Alliance Pipeline, Aux Sable and NRGreen joint ventures for C$3.1 billion ($2.30 billion). Aux Sable operates natural gas liquids (NGL) extraction and fractionation facilities in both Canada and the U.S., with extraction rights on Alliance, offering connectivity to key U.S. NGL hubs. Pembina currently owns 50% of the equity interests in Alliance, Aux Sable's Canadian operations and NRGreen.
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Alliance delivers liquids rich natural gas sourced in Northeast B.C., Northwest Alberta and the Bakken region to Chicago. Pembina currently owns 50% of the equity interests in Alliance, Aux Sable's Canadian operations and NRGreen. It also owns about 42.7% of the equity interests in Aux Sable's U.S. operations.
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17bd2422-6db7-45d5-9699-2dac2e2bf113
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713475.0
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2023-12-11 00:00:00 UTC
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Still Down 89% After Explosive Gains Today, Is Upstart Stock a Buy?
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DCOMP
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https://www.nasdaq.com/articles/still-down-89-after-explosive-gains-today-is-upstart-stock-a-buy
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nan
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nan
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Upstart (NASDAQ: UPST) stock closed out Wednesday's daily trading session with huge gains. The company's share price ended the day's trading up 20.3%, according to data from S&P Global Market Intelligence. Meanwhile, the S&P 500 index closed out the daily session up roughly 1.4%.
Stocks rallied on Wednesday following news that the Federal Reserve would keep interest rates at current levels rather than serve up another rate hike. That's particularly good news for fintech companies, including Upstart, which have generally been battered by the central banking authorities' program of rapid rate hikes.
Adding to the momentum for Upstart stock today, the company announced that a new partner had joined its platform. But even with today's explosive rally, the fintech's share price is still down 89% from its high.
A new partner and stabilizing macro conditions
Upstart aims to make loans available to a wider range of potential borrowers. Through its proprietary artificial-intelligence-powered system, the company aims to reduce the need for reliance on FICO scores and take a wider range of relevant criteria into account when assessing creditworthiness.
Today, Upstart announced that Mutual Security Credit Union would begin using the company's platform to expand the accessibility of personal loans for its customers. Given the backdrop of macroeconomic uncertainty that has shaped much of this year's trading, the addition of major new banking partners is undoubtedly a good sign.
Even better, signs suggest that the overall backdrop could be moving in directions that are more favorable for Upstart and its shareholders. Many analysts now expect that the Fed could pivot to a rate-cutting policy sometime next year.
If so, that could pave the way for Upstart stock's rebound to continue. Lower interest rates would mean that it's less risky to lend, and the company could reach a wider customer base through its network and banking partners. If overall economic conditions improve, that would also work to lower the risk of defaults.
Is Upstart stock a buy now?
Upstart is now trading at roughly 7.2 times expected sales -- a highly growth-dependent valuation. While the company's sales growth can reasonably be expected to continue in the short term, its earnings trajectory could be much more uneven. On the other hand, it could be in the early stages of having disruptive impacts on the lending industry that pave the way for long-term shareholders to see stellar returns.
UPST PS Ratio (Forward) data by YCharts
For risk-tolerant investors, Upstart stock could be a worthwhile portfolio addition right now. While the company's long-term outlook remains somewhat speculative, the potential for massive upside is still there even after today's big pop.
Should you invest $1,000 in Upstart right now?
Before you buy stock in Upstart, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Upstart wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
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See the 10 stocks
*Stock Advisor returns as of December 11, 2023
Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Upstart. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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That's particularly good news for fintech companies, including Upstart, which have generally been battered by the central banking authorities' program of rapid rate hikes. Through its proprietary artificial-intelligence-powered system, the company aims to reduce the need for reliance on FICO scores and take a wider range of relevant criteria into account when assessing creditworthiness. Today, Upstart announced that Mutual Security Credit Union would begin using the company's platform to expand the accessibility of personal loans for its customers.
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Upstart (NASDAQ: UPST) stock closed out Wednesday's daily trading session with huge gains. That's particularly good news for fintech companies, including Upstart, which have generally been battered by the central banking authorities' program of rapid rate hikes. Before you buy stock in Upstart, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Upstart wasn't one of them.
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Adding to the momentum for Upstart stock today, the company announced that a new partner had joined its platform. Before you buy stock in Upstart, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Upstart wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Keith Noonan has no position in any of the stocks mentioned.
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If so, that could pave the way for Upstart stock's rebound to continue. Before you buy stock in Upstart, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Upstart wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Keith Noonan has no position in any of the stocks mentioned.
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05ecf009-4b79-45b4-8558-1044b8527cf4
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713476.0
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2023-12-11 00:00:00 UTC
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HomeTrust Bancshares (HTBI) Soars 5.4%: Is Further Upside Left in the Stock?
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DCOMP
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https://www.nasdaq.com/articles/hometrust-bancshares-htbi-soars-5.4%3A-is-further-upside-left-in-the-stock
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nan
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HomeTrust Bancshares (HTBI) shares soared 5.4% in the last trading session to close at $25.97. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 4.9% gain over the past four weeks.
The Federal Reserve signaled the end of the current rate hike cycle and kept the interest rates unchanged at a 22-year high of 5.25-5.5% at the end of the two-day FOMC meeting. Further, the central bank indicated three interest rate cuts by 2024 end. These developments turned investor sentiments bullish on bank stocks as high funding costs will somewhat come down next year, thus supporting spread income and margin. Also, going forward, such monetary easing is likely to propel consumer spending. Hence, the HomeTrust Bancshares stock moved higher.
This holding company for HomeTrust Bank is expected to post quarterly earnings of $0.73 per share in its upcoming report, which represents a year-over-year change of -18.9%. Revenues are expected to be $48.56 million, up 5.6% 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 HomeTrust Bancshares, 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 HTBI 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 >>>>
HomeTrust Bancshares is a member of the Zacks Banks - Southeast industry. One other stock in the same industry, Chemung Financial (CHMG), finished the last trading session 2.2% higher at $48.29. CHMG has returned 4.9% over the past month.
Chemung Financial's consensus EPS estimate for the upcoming report has changed +2.6% over the past month to $1.17. Compared to the company's year-ago EPS, this represents a change of -26%. Chemung Financial currently boasts a Zacks Rank of #3 (Hold).
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
HomeTrust Bancshares, Inc. (HTBI) : Free Stock Analysis Report
Chemung Financial Corp (CHMG) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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 sentiments bullish on bank stocks as high funding costs will somewhat come down next year, thus supporting spread income and margin. This holding company for HomeTrust Bank is expected to post quarterly earnings of $0.73 per share in its upcoming report, which represents a year-over-year change of -18.9%. 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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You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> HomeTrust Bancshares is a member of the Zacks Banks - Southeast industry. Chemung Financial's consensus EPS estimate for the upcoming report has changed +2.6% over the past month to $1.17. Click to get this free report HomeTrust Bancshares, Inc. (HTBI) : Free Stock Analysis Report Chemung Financial Corp (CHMG) : 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 >>>> HomeTrust Bancshares is a member of the Zacks Banks - Southeast industry. Click to get this free report HomeTrust Bancshares, Inc. (HTBI) : Free Stock Analysis Report Chemung Financial Corp (CHMG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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This holding company for HomeTrust Bank is expected to post quarterly earnings of $0.73 per share in its upcoming report, which represents a year-over-year change of -18.9%. One other stock in the same industry, Chemung Financial (CHMG), finished the last trading session 2.2% higher at $48.29. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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643da1b3-c647-4f8c-ad93-9ee9e1962c3d
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713477.0
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2023-12-11 00:00:00 UTC
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Orrstown (ORRF) Surges 8.1%: Is This an Indication of Further Gains?
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DCOMP
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https://www.nasdaq.com/articles/orrstown-orrf-surges-8.1%3A-is-this-an-indication-of-further-gains
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nan
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Orrstown Financial Services (ORRF) shares soared 8.1% in the last trading session to close at $26.30. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 0.4% gain over the past four weeks.
The Federal Reserve signaled the end of the current rate hike cycle and kept the interest rates unchanged at a 22-year high of 5.25-5.5% at the end of the two-day FOMC meeting. Further, the central bank indicated three interest rate cuts by 2024 end. These developments turned investor sentiments bullish on bank stocks as high funding costs will somewhat come down next year, thus supporting spread income and margin. Also, going forward, such monetary easing is likely to propel consumer spending. Hence, the Orrstown Financial Services stock moved higher.
This holding company for Orrstown Bank is expected to post quarterly earnings of $0.82 per share in its upcoming report, which represents a year-over-year change of -9.9%. Revenues are expected to be $32.5 million, down 3.6% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Orrstown, 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 ORRF 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 >>>>
Orrstown belongs to the Zacks Banks - Northeast industry. Another stock from the same industry, Atlantic Union (AUB), closed the last trading session 5.7% higher at $34.85. Over the past month, AUB has returned 2.8%.
For Atlantic Union, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.75. This represents a change of -16.7% from what the company reported a year ago. Atlantic Union currently has a Zacks Rank of #3 (Hold).
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
Orrstown Financial Services Inc (ORRF) : Free Stock Analysis Report
Atlantic Union Bankshares Corporation (AUB) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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 sentiments bullish on bank stocks as high funding costs will somewhat come down next year, thus supporting spread income and margin. This holding company for Orrstown Bank is expected to post quarterly earnings of $0.82 per share in its upcoming report, which represents a year-over-year change of -9.9%. 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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This holding company for Orrstown Bank is expected to post quarterly earnings of $0.82 per share in its upcoming report, which represents a year-over-year change of -9.9%. For Atlantic Union, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.75. Click to get this free report Orrstown Financial Services Inc (ORRF) : Free Stock Analysis Report Atlantic Union Bankshares Corporation (AUB) : Free Stock Analysis Report To read this article on Zacks.com click here.
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While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Orrstown belongs to the Zacks Banks - Northeast industry. Click to get this free report Orrstown Financial Services Inc (ORRF) : Free Stock Analysis Report Atlantic Union Bankshares Corporation (AUB) : Free Stock Analysis Report To read this article on Zacks.com click here.
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This holding company for Orrstown Bank is expected to post quarterly earnings of $0.82 per share in its upcoming report, which represents a year-over-year change of -9.9%. Another stock from the same industry, Atlantic Union (AUB), closed the last trading session 5.7% higher at $34.85. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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176314ba-d0f4-473b-a5a0-76803caf9033
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713478.0
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2023-12-11 00:00:00 UTC
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Fed Keeps Rates Steady, Infers 3 Rate Cuts in 2024
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DCOMP
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https://www.nasdaq.com/articles/fed-keeps-rates-steady-infers-3-rate-cuts-in-2024
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nan
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Today’s biggest stock market-affecting news was not in the form of an economic print ahead of the opening bell — in today’s case, Producer Price Inflation (PPI) — but in the Fed announcement that interest rate levels will remain where they’ve been since mid-summer: 5.25-5.50%. In just 10 minutes following the release of the Federal Open Market Committee (FOMC) statement, The Dow jumped +200 points, the S&P 500 nearly +30, the Nasdaq close to +100 points and the small-cap Russell 2000 more than +25.
A cursory glance at the headline would suggest a head-scratcher: why? We already knew the Fed was done raising rates. Why should stocks jump so high on news that was already anticipated by the market? The answer may be in the inferred interest rate cuts: by the end of 2024, Fed members on average expect the Fed funds rate to come down three 25 bps moves. At between 4.50-4.75%, we may see a blossom in economic activity that we haven’t seen since the Fed decided to start raising rates back in March of 2022.
In fact, we may have already started to see it: the 10-year bond yield has now sunk to 4.03% — a level not seen since a short blip in early August of this year (the 2-year is also down, but to 4.44%, so don’t expect the inverted yield curve to solve itself anytime soon). This could provide a boon to mortgage markets with pent-up demand for existing housing finally coming onto the market, among other things.
In Jerome Powell’s press conference following the FOMC release, the Fed Chair acknowledged that inflation remains too high — with the path forward still yet uncertain. As such, the Fed is proceeding carefully going forward (the next FOMC meeting will be January 30-31), and said “no one is declaring victory (over inflation) — that would be premature.” That said, he also acknowledged that economic recession projections from as recently as September have come way down in the past few months.
According to the Fed, 2% inflation won’t arrive here until 2026. That’s certainly enough time to conclude that perhaps a higher threshold for an optimum inflation rate should be considered. To date, Powell has firmly focused only on 2%, and it would likely take a deep recession or decaying employment levels for the Fed to make this determination. Thus far, the FOMC plan to drain inflation from the economy — while getting a late start — has done an excellent job.
Adobe ADBE shares are trading down -6% in after-hours following its fiscal Q4 earnings report release… which was positive, with beats and raises for both top and bottom lines. Earnings of $4.27 per share outpaced the $4.13 in the Zacks consensus, while $5.05 billion in quarterly sales bested the $5.01 billion, +12% year over year.
Guidance for next quarter is for EPS of between $4.35-4.40 on revenues between $5.10-5.15 billion, compared to $4.24 per share and $5.09 billion, respectively. But this sort of sell-off is still what can happen to a company that has notched +85% gains year-to-date. Investors are booking some profits here late in the year.
Questions or comments about this article and/or author? Click 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
Adobe Inc. (ADBE) : Free Stock Analysis Report
Invesco QQQ (QQQ): ETF Research Reports
SPDR S&P 500 ETF (SPY): ETF Research Reports
SPDR Dow Jones Industrial Average ETF (DIA): 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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In Jerome Powell’s press conference following the FOMC release, the Fed Chair acknowledged that inflation remains too high — with the path forward still yet uncertain. As such, the Fed is proceeding carefully going forward (the next FOMC meeting will be January 30-31), and said “no one is declaring victory (over inflation) — that would be premature.” That said, he also acknowledged that economic recession projections from as recently as September have come way down in the past few months. 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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In just 10 minutes following the release of the Federal Open Market Committee (FOMC) statement, The Dow jumped +200 points, the S&P 500 nearly +30, the Nasdaq close to +100 points and the small-cap Russell 2000 more than +25. In Jerome Powell’s press conference following the FOMC release, the Fed Chair acknowledged that inflation remains too high — with the path forward still yet uncertain. Click to get this free report Adobe Inc. (ADBE) : Free Stock Analysis Report Invesco QQQ (QQQ): ETF Research Reports SPDR S&P 500 ETF (SPY): ETF Research Reports SPDR Dow Jones Industrial Average ETF (DIA): ETF Research Reports To read this article on Zacks.com click here.
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Today’s biggest stock market-affecting news was not in the form of an economic print ahead of the opening bell — in today’s case, Producer Price Inflation (PPI) — but in the Fed announcement that interest rate levels will remain where they’ve been since mid-summer: 5.25-5.50%. The answer may be in the inferred interest rate cuts: by the end of 2024, Fed members on average expect the Fed funds rate to come down three 25 bps moves. Click to get this free report Adobe Inc. (ADBE) : Free Stock Analysis Report Invesco QQQ (QQQ): ETF Research Reports SPDR S&P 500 ETF (SPY): ETF Research Reports SPDR Dow Jones Industrial Average ETF (DIA): ETF Research Reports To read this article on Zacks.com click here.
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Why should stocks jump so high on news that was already anticipated by the market? 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. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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4ddac749-cd2d-4116-9ac7-a38fe090c696
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713479.0
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2023-12-11 00:00:00 UTC
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Nordson (NDSN) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
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DCOMP
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https://www.nasdaq.com/articles/nordson-ndsn-q4-earnings%3A-taking-a-look-at-key-metrics-versus-estimates
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nan
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nan
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Nordson (NDSN) reported $719.31 million in revenue for the quarter ended October 2023, representing a year-over-year increase of 5.2%. EPS of $2.46 for the same period compares to $2.44 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $707.4 million, representing a surprise of +1.68%. The company delivered an EPS surprise of +2.50%, with the consensus EPS estimate being $2.40.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Nordson performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net sales- Industrial Precision Solutions: $405.44 million versus the three-analyst average estimate of $381.83 million. The reported number represents a year-over-year change of +14%.
Net sales- Advanced Technology Solutions: $145.25 million versus $150.50 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -0.9% change.
Net sales- Medical and Fluid Solutions: $168.63 million versus $171.73 million estimated by three analysts on average.
Operating profit (loss)- Industrial Precision Solutions: $131.45 million versus $124.20 million estimated by three analysts on average.
Operating profit (loss)- Medical and Fluid Solutions: $48.04 million versus $54.33 million estimated by three analysts on average.
Operating profit (loss)- Advanced Technology Solutions: $31.53 million versus the three-analyst average estimate of $32.80 million.
Operating profit (loss)- Corporate: -$25.98 million versus the two-analyst average estimate of -$16.80 million.
View all Key Company Metrics for Nordson here>>>
Shares of Nordson have returned +2.4% over the past month versus the Zacks S&P 500 composite's +5.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Nordson Corporation (NDSN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Nordson (NDSN) reported $719.31 million in revenue for the quarter ended October 2023, representing a year-over-year increase of 5.2%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. 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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Here is how Nordson performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net sales- Industrial Precision Solutions: $405.44 million versus the three-analyst average estimate of $381.83 million. Operating profit (loss)- Industrial Precision Solutions: $131.45 million versus $124.20 million estimated by three analysts on average. Operating profit (loss)- Advanced Technology Solutions: $31.53 million versus the three-analyst average estimate of $32.80 million.
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Here is how Nordson performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net sales- Industrial Precision Solutions: $405.44 million versus the three-analyst average estimate of $381.83 million. Operating profit (loss)- Industrial Precision Solutions: $131.45 million versus $124.20 million estimated by three analysts on average. Operating profit (loss)- Medical and Fluid Solutions: $48.04 million versus $54.33 million estimated by three analysts on average.
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The reported revenue compares to the Zacks Consensus Estimate of $707.4 million, representing a surprise of +1.68%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. Here is how Nordson performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net sales- Industrial Precision Solutions: $405.44 million versus the three-analyst average estimate of $381.83 million.
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a116a719-6137-417e-be32-f0f0b4fcceea
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713480.0
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2023-12-11 00:00:00 UTC
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Here's What Key Metrics Tell Us About Adobe (ADBE) Q4 Earnings
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DCOMP
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https://www.nasdaq.com/articles/heres-what-key-metrics-tell-us-about-adobe-adbe-q4-earnings
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nan
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nan
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Adobe Systems (ADBE) reported $5.05 billion in revenue for the quarter ended November 2023, representing a year-over-year increase of 11.6%. EPS of $4.27 for the same period compares to $3.60 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $5.01 billion, representing a surprise of +0.82%. The company delivered an EPS surprise of +3.39%, with the consensus EPS estimate being $4.13.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Adobe performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Business Unit - Digital Media - Creative ARR (Annualized Recurring): $12.49 billion versus $12.35 billion estimated by five analysts on average.
Business Unit - Digital Media - Total Digital Media ARR (Annual): $15.33 billion versus the four-analyst average estimate of $15.12 billion.
Business Unit - Digital Media - Document Services ARR (Annual): $2.84 billion versus $2.78 billion estimated by four analysts on average.
Revenue- Digital Experience: $1.27 billion compared to the $1.26 billion average estimate based on seven analysts.
Revenue- Publishing and Advertising: $66 million versus $63.70 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a -12% change.
Revenue- Digital Media: $3.72 billion compared to the $3.68 billion average estimate based on seven analysts. The reported number represents a change of +12.6% year over year.
Revenue- Digital Media- Creative Cloud: $3 billion versus the five-analyst average estimate of $2.98 billion. The reported number represents a year-over-year change of +11.7%.
Revenue- Digital Media- Document Cloud: $721 million compared to the $698.50 million average estimate based on five analysts. The reported number represents a change of +16.5% year over year.
Revenue- Services and other: $171 million versus $189.64 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -3.9% change.
Digital Experience Subscription Revenue: $1.12 billion versus the three-analyst average estimate of $1.12 billion. The reported number represents a year-over-year change of +11.6%.
Revenue- Products: $114 million versus $121.51 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -0.9% change.
Net Revenue- Subscription: $4.76 billion compared to the $4.68 billion average estimate based on three analysts. The reported number represents a change of +12.6% year over year.
View all Key Company Metrics for Adobe here>>>
Shares of Adobe have returned +4.9% over the past month versus the Zacks S&P 500 composite's +5.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Adobe Inc. (ADBE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Adobe Systems (ADBE) reported $5.05 billion in revenue for the quarter ended November 2023, representing a year-over-year increase of 11.6%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
|
Here is how Adobe performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Business Unit - Digital Media - Creative ARR (Annualized Recurring): $12.49 billion versus $12.35 billion estimated by five analysts on average. Business Unit - Digital Media - Total Digital Media ARR (Annual): $15.33 billion versus the four-analyst average estimate of $15.12 billion. Business Unit - Digital Media - Document Services ARR (Annual): $2.84 billion versus $2.78 billion estimated by four analysts on average.
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Here is how Adobe performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Business Unit - Digital Media - Creative ARR (Annualized Recurring): $12.49 billion versus $12.35 billion estimated by five analysts on average. Revenue- Digital Experience: $1.27 billion compared to the $1.26 billion average estimate based on seven analysts. Revenue- Digital Media: $3.72 billion compared to the $3.68 billion average estimate based on seven analysts.
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The reported revenue compares to the Zacks Consensus Estimate of $5.01 billion, representing a surprise of +0.82%. Here is how Adobe performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Business Unit - Digital Media - Creative ARR (Annualized Recurring): $12.49 billion versus $12.35 billion estimated by five analysts on average. The reported number represents a change of +12.6% year over year.
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1bb812e9-e07b-44f7-9e0e-22bf24aba8c3
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713481.0
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2023-12-11 00:00:00 UTC
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STMicroelectronics (STM) Rises Yet Lags Behind Market: Some Facts Worth Knowing
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DCOMP
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https://www.nasdaq.com/articles/stmicroelectronics-stm-rises-yet-lags-behind-market%3A-some-facts-worth-knowing
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nan
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nan
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STMicroelectronics (STM) ended the recent trading session at $48.77, demonstrating a +1.12% swing from the preceding day's closing price. This change lagged the S&P 500's 1.37% gain on the day. Meanwhile, the Dow gained 1.4%, and the Nasdaq, a tech-heavy index, added 1.38%.
Shares of the chip company have appreciated by 10.27% over the course of the past month, outperforming the Computer and Technology sector's gain of 4.65% and the S&P 500's gain of 5.37%.
Investors will be eagerly watching for the performance of STMicroelectronics in its upcoming earnings disclosure. In that report, analysts expect STMicroelectronics to post earnings of $0.98 per share. This would mark a year-over-year decline of 25.76%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.3 billion, down 2.76% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.29 per share and a revenue of $17.34 billion, indicating changes of +2.39% and +7.52%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for STMicroelectronics. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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 last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. At present, STMicroelectronics boasts a Zacks Rank of #3 (Hold).
In terms of valuation, STMicroelectronics is presently being traded at a Forward P/E ratio of 11.26. This indicates a discount in contrast to its industry's Forward P/E of 19.64.
Also, we should mention that STM has a PEG ratio of 2.25. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As the market closed yesterday, the Semiconductor - General industry was having an average PEG ratio of 2.68.
The Semiconductor - General industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 36, which puts it in the top 15% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow STM in the coming trading sessions, be sure to utilize Zacks.com.
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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
STMicroelectronics N.V. (STM) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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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STMicroelectronics (STM) ended the recent trading session at $48.77, demonstrating a +1.12% swing from the preceding day's closing price. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits. 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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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. Click to get this free report STMicroelectronics N.V. (STM) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment 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 industry currently has a Zacks Industry Rank of 36, which puts it in the top 15% of all 250+ industries. The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Click to get this free report STMicroelectronics N.V. (STM) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Shares of the chip company have appreciated by 10.27% over the course of the past month, outperforming the Computer and Technology sector's gain of 4.65% and the S&P 500's gain of 5.37%. This industry currently has a Zacks Industry Rank of 36, which puts it in the top 15% of all 250+ industries. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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d96fbf83-5eaa-4ba3-8a6c-c8a2acc0c9e1
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713482.0
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2023-12-11 00:00:00 UTC
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Mastercard Incorporated - 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/mastercard-incorporated-class-a-shares-close-in-on-52-week-high-market-mover-4
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nan
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nan
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Mastercard Incorporated - Class A (MA) shares closed today at 1.8% below its 52 week high of $426.37, giving the company a market cap of $395B. The stock is currently up 22.9% year-to-date, up 19.6% over the past 12 months, and up 119.2% over the past five years. This week, the Dow Jones Industrial Average rose 2.9%, and the S&P 500 rose 3.5%.
Trading Activity
Trading volume this week was 47.4% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.9.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and 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 63.0%
The company's stock price performance over the past 12 months beats the peer average by 88.1%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 86.6% 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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Mastercard Incorporated - Class A (MA) shares closed today at 1.8% below its 52 week high of $426.37, giving the company a market cap of $395B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.9. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the 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 63.0% The company's stock price performance over the past 12 months beats the peer average by 88.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 86.6% higher than the average peer.
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This week, the Dow Jones Industrial Average rose 2.9%, and the S&P 500 rose 3.5%. Trading Activity Trading volume this week was 47.4% 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 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 63.0% The company's stock price performance over the past 12 months beats the peer average by 88.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 86.6% 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 , lags it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the 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 63.0% The company's stock price performance over the past 12 months beats the peer average by 88.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 86.6% 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 2.9%, and the S&P 500 rose 3.5%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , 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 63.0% The company's stock price performance over the past 12 months beats the peer average by 88.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 86.6% higher than the average peer.
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81763a19-a708-4dd6-8dbd-7634ec00c14e
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713483.0
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2023-12-11 00:00:00 UTC
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Urban Edge Properties Shares Climb 2.5% Past Previous 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/urban-edge-properties-shares-climb-2.5-past-previous-52-week-high-market-mover
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nan
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nan
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Urban Edge Properties (UE) shares closed 2.5% higher than its previous 52 week high, giving the company a market cap of $2B. The stock is currently up 32.5% year-to-date, up 23.4% over the past 12 months, and up 19.4% over the past five years. This week, the Dow Jones Industrial Average rose 2.9%, and the S&P 500 rose 3.5%.
Trading Activity
Trading volume this week was 42.2% 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 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 beats the peer average by -4628.4%
The company's stock price performance over the past 12 months beats the peer average by -524.5%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 438.5% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Urban Edge Properties (UE) shares closed 2.5% higher than its previous 52 week high, giving the company a market cap of $2B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.3. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -4628.4% The company's stock price performance over the past 12 months beats the peer average by -524.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 438.5% higher than the average peer.
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Urban Edge Properties (UE) shares closed 2.5% higher than its previous 52 week high, giving the company a market cap of $2B. This week, the Dow Jones Industrial Average rose 2.9%, and the S&P 500 rose 3.5%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the 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 -4628.4% The company's stock price performance over the past 12 months beats the peer average by -524.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 438.5% higher than the average peer.
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Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -4628.4% The company's stock price performance over the past 12 months beats the peer average by -524.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 438.5% higher than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This week, the Dow Jones Industrial Average rose 2.9%, and the S&P 500 rose 3.5%. 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 beats the peer average by -4628.4% The company's stock price performance over the past 12 months beats the peer average by -524.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 438.5% higher than the average peer.
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2cc3ebaa-63ce-4d7f-b96b-f159154878c6
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713484.0
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2023-12-11 00:00:00 UTC
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Blackstone Inc Shares Climb 7.1% Past Previous 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/blackstone-inc-shares-climb-7.1-past-previous-52-week-high-market-mover
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nan
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nan
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Blackstone Inc (BX) shares closed 7.1% higher than its previous 52 week high, giving the company a market cap of $85B. The stock is currently up 67.2% year-to-date, up 48.6% over the past 12 months, and up 204.5% over the past five years. This week, the Dow Jones Industrial Average rose 2.9%, and the S&P 500 rose 3.5%.
Trading Activity
Trading volume this week was 54.3% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.8.
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 52.6%
The company's stock price performance over the past 12 months beats the peer average by 16.3%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -7423.5% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Blackstone Inc (BX) shares closed 7.1% higher than its previous 52 week high, giving the company a market cap of $85B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.8. 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 52.6% The company's stock price performance over the past 12 months beats the peer average by 16.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -7423.5% higher than the average peer.
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Blackstone Inc (BX) shares closed 7.1% higher than its previous 52 week high, giving the company a market cap of $85B. This week, the Dow Jones Industrial Average rose 2.9%, and the S&P 500 rose 3.5%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and 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 52.6% The company's stock price performance over the past 12 months beats the peer average by 16.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -7423.5% higher than the average peer.
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Market Comparative Performance The company's share price is the same as the S&P 500 Index , 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 52.6% The company's stock price performance over the past 12 months beats the peer average by 16.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -7423.5% higher than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Blackstone Inc (BX) shares closed 7.1% higher than its previous 52 week high, giving the company a market cap of $85B. 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 52.6% The company's stock price performance over the past 12 months beats the peer average by 16.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -7423.5% higher than the average peer.
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a66d45f0-20d8-493f-af03-a0c5cf9585ee
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713485.0
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2023-12-11 00:00:00 UTC
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Kadant, Inc. Shares Climb 2.1% Past Previous 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/kadant-inc.-shares-climb-2.1-past-previous-52-week-high-market-mover
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nan
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nan
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Kadant, Inc. (KAI) shares closed 2.1% higher than its previous 52 week high, giving the company a market cap of $3B. The stock is currently up 54.8% year-to-date, up 45.4% over the past 12 months, and up 230.5% over the past five years. This week, the Dow Jones Industrial Average rose 2.9%, and the S&P 500 rose 3.5%.
Trading Activity
Trading volume this week was 14.5% 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 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 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 132.6%
The company's stock price performance over the past 12 months beats the peer average by 102.5%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 87.4% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Kadant, Inc. (KAI) shares closed 2.1% higher than its previous 52 week high, giving the company a market cap of $3B. Beta, a measure of the stock’s volatility relative to the overall market stands at 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 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 132.6% The company's stock price performance over the past 12 months beats the peer average by 102.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 87.4% higher than the average peer.
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Kadant, Inc. (KAI) shares closed 2.1% higher than its previous 52 week high, giving the company a market cap of $3B. This week, the Dow Jones Industrial Average rose 2.9%, and the S&P 500 rose 3.5%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and 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 132.6% The company's stock price performance over the past 12 months beats the peer average by 102.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 87.4% higher than the average peer.
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Market Comparative Performance The company's share price is the same as the S&P 500 Index , 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 132.6% The company's stock price performance over the past 12 months beats the peer average by 102.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 87.4% higher than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This week, the Dow Jones Industrial Average rose 2.9%, and the S&P 500 rose 3.5%. 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 132.6% The company's stock price performance over the past 12 months beats the peer average by 102.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 87.4% higher than the average peer.
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ffb92907-ed8f-4379-ab19-153e2baee34d
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713486.0
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2023-12-11 00:00:00 UTC
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Company Rundown: Chewy, Lululemon, Smucker, and More
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DCOMP
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https://www.nasdaq.com/articles/company-rundown%3A-chewy-lululemon-smucker-and-more
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nan
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nan
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In this podcast, Motley Fool host Dylan Lewis and analysts Ron Gross and Andy Cross discuss:
New jobs report numbers.
Alphabet's latest AI move bringing Gemini into Bard.
GameStop's curious corporate investing plan update.
Chewy's status as the No. 1 pet pharmacy in the U.S.
Lululemon's business-as-usual quarter.
Smucker Co. showing it has pricing power in peanut butter.
Journalist and author Bethany McLean talks with Motley Fool host Deidre Woollard about her latest book, The Big Fail, and takes a look at the past three years, how people responded to COVID, and the lasting effects on households, businesses, and the economy.
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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This video was recorded on Dec. 08, 2023.
Dylan Lewis: There's a new name in generative AI, and the consummate tastemaker has a flavor to watch for 2024. Motley Fool Money starts now.
It's the Motley Fool Money radio show. I'm Dylan Lewis. Joining me in the studio, Motley Fool Senior Analysts Andy Cross and Ron Gross. Gentlemen, great to have you both here.
Andy Cross: Hey, Dylan.
Ron Gross: How are you doing, Dylan?
Dylan Lewis: We've got the pandemic's enduring impact on households and companies. Some earnings updates from a couple of Fool favorites and, of course, stocks on our radar, but we are kicking off this week with the Big Macro run. First Friday of the month, that means we got a fresh jobs report. What did you see in the numbers?
Ron Gross: The report was a little stronger than expected, meaning more jobs were created, and the unemployment rate actually ticked down to 3.7% from 3.9%. A lot of people are focusing on that number. It's interesting to me. More importantly I think everyone is keeping an eye on wages as a gauge of inflation, and wages were up by 0.4% for the month and 4% from a year ago, so up for the month, but that 4% number is actually not that bad. That is not runaway inflation by any means. That is moderating, which I think people are going to like. I think these numbers actually bode well for a soft landing, and you can quote me, although I very well may be wrong, but I do think these numbers bode well for that. The market was mixed but generally positive on Friday as a result of these numbers, but time will tell.
Dylan Lewis: I cannot wait to revisit it about 12 months [laughs] from now and see exactly where we're checking in. We see some uptick in the arms race for generative AI. Andy, we have this week Google parent, Alphabet, publicly launching Gemini, its AI model inside its chatbot. Bard investors seem very happy to see this development, shares up 5% this week on the news. What did you see?
Andy Cross: The timing of all this is very interesting, considering the open AI drama that we're seeing and continue to see in the boardroom. It's this Game of Thrones contest between all of the great challengers, Google, Microsoft. We heard a lot of talk coming from Andy Jassy at Amazon at AWS. This was really interesting because Google has been investing in AI for years and years, and they've just been outrun by OpenAI and Microsoft over the last year. They tried to come out with some Bard fireworks earlier this year. It really flailed. There's just a lot of questions about it. What is their strategy. Clearly, they've been investing and thinking a lot about this. They have all the leaders on board. Sundar Pichai was all about releasing this and doing a very slick video on the leaders and getting together all the different divisions. So it's nice for shareholders and those of us who are really invested into understanding AI. This is actually a really neat development with this Gemini 1.0 in three different phases, the Ultra, the Pro, and the Nano depending on your needs. Dylan, what I'm really excited about this is how they are going to use this at the Enterprise for their clients as they think about the Cloud buy-in with their clients and supporting their clients who are spending more money in the Google Cloud and how those tools and their AI tools are going to drive that usage and encourage more adoption and usage of these tools for the Google Cloud. Overall, very impressive technology. It was very impressive, and we'll see how it all develops over the next few months.
Dylan Lewis: You mentioned the Enterprise segment there, Andy, and I think one of the things that's so interesting, this is a nascent space. I think we just lapped the one year anniversary or the one year birthday of OpenAI being out there and available. On the generative AI side, I think one of the things that's very fun about the technology is it's visible. It's something you can interact with and play around with. Is there anything that you're watching or people can keep an eye on as they're interacting with some of this stuff, just to see signs of people maybe taking a lead or developing in the space?
Andy Cross: Let's just focus on the Google part to this. They are talking about how, over the next few months, they're going to start to integrate this into more tools like Search. Now the Pro version is their backbone to Bard search, which has been available for a while, and now it's getting even more enhanced, but you'll start to see this across the entire platform of the tools that we use. Even consumers, let alone clients, or let alone enterprises. You'll start to see more of adoption of these tools into the tools that we use everyday. I'm really interested to see what Apple does because got Siri search and Siri usage and their AI tools there on the consumer side leave a lot to be desired, so it'll be very interesting to see how they innovate in that space. But look for more AI tools integrated throughout the tools like Gmail or whatever you might use as a consumer because that will be a litmus test on how fast this is adopting in the consumer side.
Ron Gross: I just got a new iPhone, and it crippled me for a week until I could figure it all out, so I can only imagine what AI has got coming for me.
Dylan Lewis: I don't think anyone's pounding the table on Siri's capabilities. I think Siri does leave a lot to be desired, as you were saying there, Andy. From one era of technology to another, we have a curious development over at GameStop. Ron, this week, the meme stock company announced that company cash can be used to invest in public companies by company leadership, Ryan Cohen. I'm a little curious. This sounds like an odd update. Is this an odd update?
Ron Gross: It's an odd update. It's certainly not common, as one esteemed analyst called it, inane and alarming. GameStop should be focusing on turning its business. If they believe in that business, perhaps they should be buying back stock with their cash rather than making other equity investments, but that turnaround is not going well. Recent sales were down 9%, 25% since the same period in 2019. Losses did narrow, I'll give them that. Aggressive cost cuts, store closing in Europe, that helped, but it's certainly not growing the business. It's shrinking the business which, if necessary, so be it, but I guess they're looking for some other ways to generate value. This is tricky. They got to be careful. They could end up violating the Investment Act if more than 40% of their assets are in investments that are unrelated to their actual business. I'm sure their lawyers have informed them, but take it from me that you should be careful and keep an eye on that number.
Dylan Lewis: One of the other things I saw related to this update was Ryan Cohen will also be able to invest alongside GameStop personally in anything that he's directing the company to own. It seems to me like so much of the GameStop story is a bet on Ryan Cohen, and we've seen a lot of interest in that. To me this only further solidifies that that is the case here.
Ron Gross: I'll remind folks that Ryan and his company is still the largest shareholder of Chewy, largest shareholder of GameStop. He's somewhat famous for the meme craze, trading in and out of GameStop, Bed Bath and Beyond. He's an interesting figure. Disclosure, if he's buying stock along outside a public company, I think everyone needs to know when and how much and why, and if these things are happening behind the scenes, it will not go well.
Dylan Lewis: Coming up after the break, more Chewy. We've got 10 earnings rundown and follow up on last week's Radar Stocks. Stay right here. This is Motley Fool Money.
Welcome back to Motley Fool Money. I'm Dylan Lewis here in the studio with Andy Cross and Ron Gross. We've got an earnings parade and some updates from a couple of different companies that are heavily followed in the Fool universe. Andy, we're going to kick off with DocuSign. It was our colleague, Jason Moser's Radar stock last week. Now we've got some updated earnings. What did you see in the company's results?
Andy Cross: There wasn't a lot baked into the expectations coming in DocuSign. The stock has really struggled here. Decent results showing healthy growth in revenues and a better margin picture, we'll get to that in a second, but billions continue to be on the lower side, and the forecast of low single-digit growth is not super exciting. New CEO Allan Thygesen continues to try to position DocuSign as the leader in both e-signature and more and more about contract life cycle management. He's invested a lot in that, and he continually wants to grow the business above that 10% range. We'll see how it does. Revenue is up 8.5% to 700 million, billings as I mentioned up 5% to 692 million. They added 36,000 customers. That was up 11%. Direct digital continues to be the largest contributor and the direct consumer growth, so just like through the digital platform and directly with DocuSign was up 15%.
Steady gross margins at 80%, what you're seeing now with DocuSign is a focus on smart investments. They continue to invest a lot in R&D. Research and development was 19% of sales, that's consistent as for the past couple of quarters. Their operating income was up 27%, their operating margin was 27% versus 23%, cash earnings were 79% versus 57, so you're seeing a lot of investment go into managing the business, driving profits, and driving cash flow. The challenge is that the macro environment is not doing a lot for them right now. They are seeing some of their verticals improving and stabilizing from the first half, especially in things like real estate and some of the other verticals, like technology, but overall, it's no longer the 20% gross story that DocuSign used to be dealing. It's much more about that single to high digit grower, and Thygesen and his team really want to get it back above 10% internationally, a big driver of that, so we'll have to watch what we do. You've basically got a value stock churning at 17 times free cash flow. It can grow in the mid single digits. That's a pretty good deal at this price.
Dylan Lewis: It's looking attractive to you, Andy?
Andy Cross: Yeah. I bought a little bit earlier this summer. I'm down a little bit on it, and I think long term you'll do pretty well, and nothing like a fireworks like you may have seen back during the COVID days, of course.
Dylan Lewis: Ron, we also have an update on the state of Phyto. [laughs] Head supplier, Chewy, posted earnings this week. This is a stock that bottomed out a bit in 2023. Are there positive signs in their earnings report?
Ron Gross: I think if you look under the hood, there are some positive signs. The stock initially got whacked, the investors just did not like what they saw, but the stock rebounded as the week progressed. They did miss on both the top and bottom lines, which I think was that caused that knee jerk reaction, but I'll point out some interesting metrics here. Net sales were up 8%, and management noted that Chewy gained market share during the period, pretty good. Net sales per active customer up nearly 14%. That means their average customer is spending more money on the platform than in previous periods, also important. Auto-ship customer sales were up 13% and now represent over 76% of net sales. You have customers spending more per customer and that recurring revenue is occurring because they're mostly all on auto ship. That can be a powerful combination. They ended the third quarter with about 20.3 million active customers, that is down slightly sequentially from the second quarter. Let's keep an eye on that. But margins did widen. Company reported a loss of around $36,000,000, adjusted EBITDA, if that's your cup of tea, Dylan, [laughs] was $82.1 million positive up $11.7 million. You can maybe take away some things there that at least from a cash flow perspective, not taking stock-based compensation into account. Some things are traveling in the right direction. Adjusted EBITDA margin, 3%, so thin, but there should be some leverage in this business as they continue to grow, and there's room for that. 0.7 times sales from a stock perspective, I'm not a sales ratio kind of guy, but that could indicate some cheapness.
Dylan Lewis: Wow, a sales multiple and adjusted earnings numbers, Ron, what's going on over there?
Ron Gross: Anything for our listeners.
Dylan Lewis: [laughs] One of the things that jumped out to me in this report was the company really emphasizing its pharmacy business. I think they said it's about to hit a one billion run rate, and they are the number one pet pharmacy in the United States. This is not a particularly old initiative. This is I think in Year 4 or 5 for them. Ron, are you surprised by that?
Ron Gross: It's taken them a while to get to scale, but that doesn't surprise me. I think it would. Pharmacy should be a higher margin business than their typical hard goods segment, so that could bode well for overall margins, overall profitability, and make the growth story even more powerful.
Dylan Lewis: From pets to people, shares of Lululemon now at an all time high following the company's latest earnings result. Andy, what is pushing the company so high this week?
Andy Cross: Interestingly after the earnings came out, the pre-market and post-market print was not really inspiring. Now we saw it just hit those all time highs as you mentioned. It continues to be the leader when it comes to not just athleisure, but really high-end apparel. The apparel market in general is not doing that well, but Lululemon continues to do well. Revenue is up 18%, the women's business was up 19%, men up 15%, their accessories up 29%, international was a big driver up more than 49%. North America up 12%, so a little bit on the lower side. Of course it's much more saturated. Their comp sales were up 13%, 9% on the store side, 19% on the e-commerce side. They added 63 new stores over the past year. That's about 17% increase in square footage. Their record Thanksgiving Day sales cycle, the US market share continues to grow. It was up about 1.5 percentage points, and you're seeing improvements on the gross profit and the operating profit side too. Dylan, it's a business that continues to speak to their customer, continues to deliver what those customers want, and those customers are continuing to show willingness to pay for it. Now there was some concern a little bit on the guidance, especially, I think on some of the men's side that maybe men are becoming a little bit more particular about what they may spend on and how much they're willing to spend. I think that was a little bit of concern when we look forward to the growth prospects for the fourth quarter which is sales growth of about 13-14%, but overall this is just a winning business. Their strategy continues to win. They have that new deal with Peloton. That is hopefully going to open up more and more of the market for those who are using Peloton, and that's why the stock is really at an all time high and continues to do well.
Dylan Lewis: I don't know if this is a bell weather, but Ron Gross owns two pairs of Lululemon pants and hasn't ever seen a yoga studio. They have golf pants. They've got joggers that don't sleep on the men's side.
Andy Cross: Their inventories were down 4%, so it's not a discounting story, they are continuing to sell very high margin product, and their customers are buying it like Ron Gross.
Dylan Lewis: I believe they're on your shopping list as well, Andy.
Andy Cross: They are on my shopping list. I've been looking for some pants, and it's about time that I stepped up because I've been a little bit more of the discount kind of guy, but I think now Lululemon may be the way to go. My brother uses Lululemon, so he listens to the show there, so Gordon, there you go.
Dylan Lewis: We are opening ourselves up to advertising at some point. We may consider Lululemon as a sponsor. We have some host right experience right there for you. How perfect is that? We are going to wrap up our earnings updates in the grocery aisle. JM Smucker up 7% on strong earnings this week. Ron, moms like you continue to choose Jiff even at higher prices.
Ron Gross: And Uncrustables, it turns out, it was very strong.
Dylan Lewis: This is an interesting story to me and I think it's one investors should maybe take a look at. The stock got whacked back in September on the announcement that they were going to acquire Hostess for $5.6 billion. Perhaps they thought the fit was interesting or they were paying too much, but it created a situation where the stock was perhaps inexpensive. But they've got a great staple of brands, it's folders, and Smuckers, and jiff, and milk bone, it's a family run business. CEO is Fifth Generation Smucker, which is better than Gross. It's an interesting company to me and they're divesting some of their less profitable brands. The quarter, not bad, comp sales up 7%. The Uncrustables was a hot spot there, 22% increase. Sales volume contributed 4%, price contributed 3%, so if you've got both higher volumes and the ability to pass along price increases rather powerful in my opinion. Gross margins widened pretty significantly and profits were strong. They did lower their guidance a little bit of fear about the macro-economy and spending out there. But based on current forward guidance, only 12.5 times forward guidance, they've increased their dividend for 21 consecutive years, 3.8% yield, not too shabby. I do think some risks include, we're moving toward a healthier eating situation. The weight loss drugs are going to be very interesting for companies like Smucker and Hostess, but I do think this is one worth looking at. Andy mentioned earlier that there was a surprisingly good quarter for Lululemon, and we're seeing surprisingly strong results on the grocery aisle as well. Do you feel like the long waited consumer tightening is maybe taking a little bit longer or may or may not materialize, Ron?
Ron Gross: Consumers right now are still in this shying away from big ticket non-discretionary items and focusing on the food items that they need to feed their family. The peanut butters, the jellies, the Uncrustables, and the coffee, which we all desperately can't give that up. That'll be interesting to watch because the consumer, I think, is also taxed. Savings accounts are coming down, credit card balances are going up, this all feeds into this whole big macro thing about is are we going through a recession or a soft landing? But I think stable brands that Smucker owns are going to be good consistently over long periods of time.
Dylan Lewis: Ron Gross, Andy Cross, fellows, we're going to catch you guys a little bit later in the show. Up next we've got to look at the business and economic fragility at the COVID pandemic exposed and now we might fix it. Stay right here, you're listening to Motley Fool Money. Welcome back to Motley Fool Money. I'm Dylan Lewis. We're still waiting our way out of the pandemic, but we're now in a position to process and reflect what happened and the response. Journalist and author Bethany McLean has made a career out of sorting through complicated and often calamitous events and her latest book, The Big Fail, takes a look at the last three years, how we responded to COVID, and the lasting effects on households, businesses, and the economy. Motley Fool Money's Deidre Woollard spoke with McLean about her book and the issues she's paying attention to as we head into 2024.
Deidre Woollard: In your writing career, one of the things it feels like to me from the outside, reading your books, is you've focused on uncovering the decisions that lead to big outcomes often not the best outcomes. Here some of this was the urgency I think, around the pandemic led to poor decision making. I think that's a theme I've seen in your other books too. I know why I make stupid decisions based on urgency. But why does it happen so much in business, given that we've got information, you've got preparation, and yet when the moment comes, bad mistakes just keep happening.
Bethany McLean: I think on some level it's completely understandable. Back to the first question you asked, because when what is inconceivable happens, even if it was always a possibility of which we should have been aware, we're all just shocked. I often say that the best lesson anybody can learn is that when we learned in kindergarten, use your imagination because these things that you think in advance, well, that can't happen, that won't happen too often, they do, whether it's the global financial crisis or the pandemic. They do happen. I forgive everybody, some degree of shock when that happens, but I also think the reality of our system, and it's why I find some of the lessons from the pandemic, they're not just about the pandemic, they're about our society and the way business operates. We've just stretched everything to the breaking point in the name of efficiency, in the name of profits. I think we've forgotten that resiliency matters too. When something unexpected happens, it turns out often that there's not a lot of padding in the system to absorb it, and so people panic in part because of the lack of padding. One thing that exacerbated the panic, one concrete example is we couldn't get PPE because we'd outsourced all the manufacturing of PPE to China. We couldn't just turn on a dime and start manufacturing masks and gowns and all the other things gloves and all the other things we needed here. That's an example of just lack of resiliency as a result of having made things very, very fragile in the name of increased efficiency and profits. There's a cost to that, we forget that there's a cost to that.
Deidre Woollard: You have a chapter on the Fed's moves and quantitative easing. There was this line that stuck with me about how the enormity of the Fed's rescue revealed the fragility of our financial system. I think that's a theme throughout the book about the fragility of various systems and just how much the Fed had to prop up everything. I think to the extent that a lot of us are unaware of and you go into detail in the book, but it feels to me, as an observer, the government can't do this indefinitely, but companies assume that it will. Are these short term fixes for long term problems in the financial market as a whole?
Bethany McLean: I think that's so well said and the theme of the book is fragility. Fragility and so many of our systems. But yes, because the Feds stepped in in such a massive way in the spring of 2020, we've all just said, great, the Fed fixed it all, it's not a problem, [laughs] but it really is because every time there's been an issue, whether it's long term capital management, then the global financial crisis, now the pandemic, the Fed has had to step in a bigger and bigger way, really stretching the limits of its power. In some ways, not legally, but in some ways exceeding the bounds of its authority in that the Fed is supposed to be the lender of last resort to the regulated banking system. We all talked a lot about the shadow banking system after the global financial crisis. The shadow banking system got many times bigger, didn't shrink. Most of the Fed's rescue in the spring of 2020 was due to problems in the shadow banking system, which supposedly the reforms after the financial crisis were going to help fix that. The problem is twofold. One is just more of an intellectual issue. Do you want the Fed having to step in, in a bigger and bigger way, in order to fix problems that are supposedly outside the Fed's purview. What does that mean about how fragile our system is? But the more existential question is, what happens if it doesn't work? What happens if the Feds can't, now that everyone expects the Fed can always fix it. What happens if the Fed can't fix it? Then what do we do?
Deidre Woollard: That is a big concern. The other aspect of it too, the paycheck protection program and the PPE, like looking back on that system, certainly we had some of the scandals with large companies, taking money and then giving it back. But do you think large companies, it seems like the funnel of there was broken in terms of being able to get the money to the right places. Is that something that you see has been fixed at all? Or do you think if we end up in a similar situation, again we'll have the same problem of not knowing, it all becomes a black box. We don't know where the money's going.
Bethany McLean: I think it is a big problem in an economy that is so tied to the capital markets. The capital markets are just set up. It's innate in the way it's structured, that anything that benefits the capital markets is going to benefit big companies, not small companies and it's going to benefit the rich and not the poor. That's part of the subtitle of our book, who America helps, and who it leaves behind. Because if you have a massive rescue program like the Fed did, then you're going to make borrowing money really cheap for really big companies. But it doesn't do anything for the local restaurant or the small business down the block. You're going to do a lot to increase asset prices for those who own assets, which are the wealthy in our society, but that doesn't do much. In fact, if anything that's negative as inflation sets in for those at the bottom end of the socioeconomic spectrum. We have to think differently in a society where our means of monetary disbursement has been through the Fed. If that's the way it's going to be, then we have to think differently about how that plays out and what that means.
Deidre Woollard: Let's talk a little bit about the vaccines because, making a vaccine certainly isn't easy, not always profitable. What happened? It's pretty impressive. But looking at it, one of the things that I was really fascinated by was the different companies and how they are now. Because for like a Pfizer or Johnson and Johnson's, these are big companies and then making a big move. But Moderna, you take a company that was still in start up phase, not really having a product out there. They go from being this minor biotech to now this major player, but now they're on the other side of this. I'm watching it from an investment perspective. I'm really watching what's next for them. What did you learn about it covering it from the journalistic side?
Bethany McLean: I thought the vaccines were actually an inspiring part of the story and perhaps the only one. But there was a recognition on the part of at least some government officials that namely Alexazar who was in the Bush administration and then worked at Eli Lily, and then came back to the Trump administration as the Secretary of Health and Human Services, so the private market was not going to produce a vaccine on its own, at least not on any reasonable time frame. I think that's so important because if you're a rapid believer in the free market, you tend to think the free market will fix everything. We need a vaccine. Companies are going to produce one. No, you have to understand the unique dynamics of every market to understand what may need to be done, what incentives may need to be set. What may need to be done differently. In the case of the vaccines Azar looked at and realized that pharmaceutical industries have grown to hate the vaccine business because it's not profitable. It's not highly profitable because governments are the major buyers. Because too many times they've raced to the rescue to develop vaccines, only to find out their vaccines aren't needed. They've taken a hit in the stock market. Investors have been mad, and they don't have the means to do this really quickly without government help.
The government got involved and said, how do we set all the preconditions to make this possible? That was operation warp speed. I think it's a huge testament to how government and the private sector can work together and also to the importance of the rules that govern a market, to really looking at them and understanding, instead of just saying, oh, the free market, we'll take care of it. For Moderna, it's really fascinating. It was a sketchy company and they ran up to the pandemic because they hyped their products a lot or their research a lot, and never produced anything. People were skeptical of them. But then they did come through with a vaccine, obviously. The question is what that means going forward. I've honestly heard both sides of the argument and I'm not sure where I come out. One side of the argument is, mRNA is the future. Now that we've figured out the manufacturing of an mRNA based product, there are so many improvements that can be made and now this opens the door to mRNA as a therapy for all these other diseases. The other argument I've heard is it's not that simple and mRNA is still a trickster. It's going to be more difficult than Moderna is saying. I'm not sure we know the answer to that yet. It's going to be really interesting to see what happens.
Deidre Woollard: I want to ask you a specific business related question, because at the Motley Fool, one of the things that our analysts look at is companies buying back stock. You've got this line in the book about Intel saying that, if Intel could reinvest some of the 130 billion it's spent on buybacks in two decades, it would have had a better shot of reclaiming it's former glory. Right now we're in another situation with a lot of buybacks. Do you feel like companies are making a mistake there?
Bethany McLean: Sally I think it's hard. I'm going to give you a nuanced answer because it's really easy to say yes, how terrible they should be taking that money and investing in buildings. But the problem is they haven't seen anything to invest in and so part of the problem the semiconductor manufacturing is TSMC has a huge advantage they can do it much more cheaply. In a world where bottom line profits were the most important thing, of course, everybody was going to outsource more and more to TSMC and even now with the Chips Act, it's really unclear that semiconductors manufactured in America, things are going to be way more expensive. It's unclear that people are going to pay for them. I think it's not as simple as bad company who took all this money and didn't invest in the US. It's that there's been these fundamental changes in our economy such that investing in the US has not seemed like a viable option. But I think we have to look at that and understand what's going on and try to do something to address it because in the end, a country where everything we need is made somewhere else, is speaking of fragility as a pretty fragile place. But I think the underlying issues are far more complicated than buybacks are bad.
Deidre Woollard: Absolutely. I think the other thing about the Chips Act and building here is just one part of it. The education to make sure that we have the workers who can, [inaudible] that's a whole other category.
Bethany McLean: I remember talking to somebody about TSMC and hearing that in Taiwan basically, the best job you can get is go to work at TSMC. That's just amazing, that's what you aspire to and so that creates this self reinforcing loop where that's what people want to do, that's the best and the brightest. That's the best place to be and how we go back and recreate that in the US I don't know.
Deidre Woollard: Well, last question for you. You've got this book done, I'm sure you have something else that you're working on. What are you focused on now and what big stories are capturing your imagination?
Bethany McLean: I wrote a piece for a business insider about Goldman Tax and some of the turmoil there, which was really interesting, as you mentioned, that's where I started my career, so I have a tie to the place, albeit from decades ago at this point. But I'm continuing to watch all the things that we wrote about in the book, and particularly some of the ongoing ramifications of Federal Reserve Policy and what that means and the disparate regulatory regimes for regulated banks versus private equity firms and hedge funds and how that plays out for our financial system. I think that's a really interesting question going forward. What it means that vast was of the market are now under the control of private equity and private credit. If they control that much, are they really private? I think these things are really interesting questions and then some of the divides in our society, we all got fixated on that Federal Reserve survey that said the media net worth of Americans went up 37% in the pandemic, isn't that great? But that number masks median, [laughs] as any mathematician knows, is a tricky concept and that number masks a lot of problems underneath it. I think we have a lot of fundamental problems and I hope we can tackle some.
Dylan Lewis: Anthony McLean's work, The Big Fail is out now anywhere you find books. Coming up after the break, Ron Gross, Andy Cross, return with a couple of stocks on their radar. Stay right here, you're listening to Motley Fool Money.
As always, people in the program may have interest in the stocks they talk about in the Motley Fool may have formal recommendations for or against, so don't buy or sell anything based solely on what you hear. I'm Dylan Lewis, joined again by Andy Cross and Ron Gross. We're getting all previews of 2024 as 2023 comes to a close. Spice maker, McCormick just dropped their flavor forecast for the upcoming year. According to the company, Tamarind is the flavor to watch in 2024. Ron, will you be using Tamarind grilling in the New Year?
Ron Gross: If you're a fan of the tartaric acid in it, then it's quite a good meat tenderizer, so you could for sure use it as part of your grilling. But it's very versatile sweets, sours, savory dishes. It goes a lot of places. It gives a yellowish color to the food. There's things you can work with.
Dylan Lewis: I think that sounded a little gastronomical there and he was really getting into some serious lingo.
Ron Gross: Team gastronomical so there you go. [laughs] It's a key ingredient for pad thais, so if you like curries and you like some of those Asian dishes of which I do. You're a fan of Tamarind even if you don't know it.
Dylan Lewis: If you're keeping score at home the flavor of the year in 2023 was a Vietnamese and cajun style seasoning. I don't know that I saw that popping up a ton in restaurants and in dishes. But I will say I was seeing a lot of fusion food this year Ron.
Ron Gross: Doesn't have a name this so called last year.
Dylan Lewis: I think it was their own season. I think they were building up their own book a little bit.
Ron Gross: I see Safron.
Andy Cross: Ron's getting the short end [laughs].
Ron Gross: But who is Safron and all of this.
Dylan Lewis: Maybe that's 2025, Ron, you got to wait if you want Safron.
Ron Gross: Give me some old bay.
Dylan Lewis: [laughs] Let's get over to stocks on our radar. Our man behind the glass, Dan Boyd, is going to hit you with a question. Ron, you're up first. What are you looking at this week?
Ron Gross: I'm looking at Target TGT it's really interesting to me. As many know, Brian Cornell has been the driving force behind Target past successes, and the current attempt to right size the business. He's been CEO since 2014. He was involved with the acquisition of Shift to boost same day deliveries. Target has definitely been struggling with their inventory mix. They were much too in big ticket items because of COVID. They didn't pivot quickly enough. There was too many discretionary items on the books. They've been working inventory out for quite some quarters now and I think it's looking like they have it somewhat under control. They had a big controversy because of Pride month. A lot of folks boycotted the stores there, I'm hoping that is largely behind them. Shrink does remain a concern as it does with most retailers, theft and other inventory losses. This quarter, a modest revenue beat the operating margins improved dramatically. They've got a 3.3% yield, 52 consecutive years of increases, trading only 14.7 times earnings versus someone like Walmart at 23 times. I think Target, if you're interested in a little bit of a turnaround, is an interesting one to look at.
Dylan Lewis: Dan, a question about Target.
Dan Boyd: Ron, I'm glad you said it was a turnaround play because Target, with all of its shrink problems which were mostly self inflicted and it's just litany of cheap, cheesy crap in its stores doesn't seem like a great investment to me.
Andy Cross: Crap being the technical term for lower price merchandise. [laughs]
Dylan Lewis: I think that was a comment. I don't think that was a question, just to be I clear.
Dan Boyd: Understood.
Dylan Lewis: Andy, what is on your radar?
Andy Cross: Changing away from the turnaround, MongoDB symbol MDB provides Cloud based, unstructured databases to thousands of clients. It has hundreds of developers every month that are joining its platform. It's a leading flexible Cloud based database, structured software out there. Retention rates very high more than 120%, clients with more than 100,000 annual billings is up 28% the last quarter. Their new search tool, Atlas Vector Search, allows developers to search this data and use it for all those large language models that are driving a lot of AI. The growth rates have been over, say, 40% for the past three years. That has now slowed like many tech companies recent growth has slowed and their guidance for the fourth quarter was 19%. Not super inspiring I think the market was hoping for a little bit better. The stock has more than doubled over the past year, so it's done very well. It's sold off in that news because of some of the so called whisper numbers. We're looking for a little bit higher growth in the fourth quarter. They are now starting to generate some free cash flow. There are adjusted margins, if you start backing out some of that stock comp, pesky stock compensation, they're starting to show profit growth there. It's a $28 billion market cap with $700 million in cash into it. The trick here is it still sees at 17 times sales. A year ago it sold at 8 times sales so much different there. Still looking at it as a watch list I don't own it, but I know a lot of Motley Fool members out there do.
Dylan Lewis: Man behind the glass DB a question about MongoDB.
Dan Boyd: When you guys hear MongoDB, do you think about Mongo from Blazing Saddles?
Andy Cross: 100%. Ever since this company came public that's been my thought about this.
Dan Boyd: Does that make you want to invest in it?
Andy Cross: Well, I have not and I wish I had because the stock has done very well over the last few years.
Dylan Lewis: Dan, which one is going on your watch list this week?
Dan Boyd: It's been Mongo, I guess. The turnaround play is interesting as a concept, but every time I go into a Target, it's the same thing comes out of my mouth, which is.
Dylan Lewis: On that note that's going to do it for this week's Motley Fool Money Radio show. The shows mixed by Dan Boyd, I'm Don Lewis. Thanks for listening. We'll see you next time.
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Andy Cross has positions in Alphabet, DocuSign, Johnson & Johnson, Microsoft, and Target. Dan Boyd has no position in any of the stocks mentioned. Deidre Woollard has positions in Alphabet, Apple, Johnson & Johnson, and Microsoft. Dylan Lewis has positions in DocuSign. Ron Gross has positions in Apple, Microsoft, MongoDB, Pfizer, Taiwan Semiconductor Manufacturing, and Target. The Motley Fool has positions in and recommends Alphabet, Apple, Chewy, DocuSign, J.M. Smucker, Lululemon Athletica, Microsoft, MongoDB, Peloton Interactive, Pfizer, Taiwan Semiconductor Manufacturing, and Target. The Motley Fool recommends Johnson & Johnson and Moderna and recommends the following options: long January 2024 $60 calls on DocuSign. 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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Journalist and author Bethany McLean talks with Motley Fool host Deidre Woollard about her latest book, The Big Fail, and takes a look at the past three years, how people responded to COVID, and the lasting effects on households, businesses, and the economy. Bethany McLean: I wrote a piece for a business insider about Goldman Tax and some of the turmoil there, which was really interesting, as you mentioned, that's where I started my career, so I have a tie to the place, albeit from decades ago at this point. But I'm continuing to watch all the things that we wrote about in the book, and particularly some of the ongoing ramifications of Federal Reserve Policy and what that means and the disparate regulatory regimes for regulated banks versus private equity firms and hedge funds and how that plays out for our financial system.
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In this podcast, Motley Fool host Dylan Lewis and analysts Ron Gross and Andy Cross discuss: New jobs report numbers. Journalist and author Bethany McLean talks with Motley Fool host Deidre Woollard about her latest book, The Big Fail, and takes a look at the past three years, how people responded to COVID, and the lasting effects on households, businesses, and the economy. Smucker, Lululemon Athletica, Microsoft, MongoDB, Peloton Interactive, Pfizer, Taiwan Semiconductor Manufacturing, and Target.
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In this podcast, Motley Fool host Dylan Lewis and analysts Ron Gross and Andy Cross discuss: New jobs report numbers. Ron, this week, the meme stock company announced that company cash can be used to invest in public companies by company leadership, Ryan Cohen. Dylan Lewis: I don't know if this is a bell weather, but Ron Gross owns two pairs of Lululemon pants and hasn't ever seen a yoga studio.
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In this podcast, Motley Fool host Dylan Lewis and analysts Ron Gross and Andy Cross discuss: New jobs report numbers. Journalist and author Bethany McLean talks with Motley Fool host Deidre Woollard about her latest book, The Big Fail, and takes a look at the past three years, how people responded to COVID, and the lasting effects on households, businesses, and the economy. We don't know where the money's going.
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2023-12-11 00:00:00 UTC
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Advanced Micro Devices (AMD) Increases Yet Falls Behind Market: What Investors Need to Know
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The latest trading session saw Advanced Micro Devices (AMD) ending at $138.19, denoting a +0.42% adjustment from its last day's close. 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%.
The the stock of chipmaker has risen by 14.79% in the past month, leading the Computer and Technology sector's gain of 4.65% and the S&P 500's gain of 5.37%.
Market participants will be closely following the financial results of Advanced Micro Devices in its upcoming release. The company's upcoming EPS is projected at $0.77, signifying a 11.59% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $6.11 billion, indicating a 9.2% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $2.65 per share and a revenue of $22.63 billion, demonstrating changes of -24.29% and -4.13%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Advanced Micro Devices. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been a 0.14% fall in the Zacks Consensus EPS estimate. Advanced Micro Devices currently has a Zacks Rank of #3 (Hold).
Looking at valuation, Advanced Micro Devices is presently trading at a Forward P/E ratio of 51.95. This expresses a premium compared to the average Forward P/E of 27.34 of its industry.
Also, we should mention that AMD has a PEG ratio of 5.3. 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 Electronics - Semiconductors industry had an average PEG ratio of 4.2 as trading concluded yesterday.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 176, finds itself in the bottom 31% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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 latest trading session saw Advanced Micro Devices (AMD) ending at $138.19, denoting a +0.42% adjustment from its last day's close. 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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Meanwhile, the latest consensus estimate predicts the revenue to be $6.11 billion, indicating a 9.2% increase compared to the same quarter of the previous year. For the full year, the Zacks Consensus Estimates project earnings of $2.65 per share and a revenue of $22.63 billion, demonstrating changes of -24.29% and -4.13%, respectively, from the preceding year. Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report To read this article on Zacks.com click here.
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This industry, currently bearing a Zacks Industry Rank of 176, finds itself in the bottom 31% echelons of all 250+ industries. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Looking at valuation, Advanced Micro Devices is presently trading at a Forward P/E ratio of 51.95. This industry, currently bearing a Zacks Industry Rank of 176, finds itself in the bottom 31% echelons of all 250+ industries. 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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Fortinet (FTNT) Rises Yet Lags Behind Market: Some Facts Worth Knowing
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Fortinet (FTNT) ended the recent trading session at $55.35, demonstrating a +0.56% swing from the preceding day's closing price. This change lagged the S&P 500's 1.37% gain on the day. At the same time, the Dow added 1.4%, and the tech-heavy Nasdaq gained 1.38%.
The network security company's shares have seen an increase of 7.25% over the last month, surpassing the Computer and Technology sector's gain of 4.65% and the S&P 500's gain of 5.37%.
Market participants will be closely following the financial results of Fortinet in its upcoming release. It is anticipated that the company will report an EPS of $0.43, marking a 2.27% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $1.41 billion, reflecting a 9.67% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.56 per share and revenue of $5.3 billion. These totals would mark changes of +31.09% and +19.91%, respectively, from last year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Fortinet. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.21% higher. Fortinet is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, Fortinet currently has a Forward P/E ratio of 35.23. Its industry sports an average Forward P/E of 37.81, so one might conclude that Fortinet is trading at a discount comparatively.
One should further note that FTNT currently holds a PEG ratio of 2.04. 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. Currently, this industry holds a Zacks Industry Rank of 26, positioning it in the top 11% 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.
To follow FTNT in the coming trading sessions, be sure to utilize Zacks.com.
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
Fortinet, Inc. (FTNT) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Fortinet (FTNT) ended the recent trading session at $55.35, demonstrating a +0.56% swing from the preceding day's closing price. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.56 per share and revenue of $5.3 billion. 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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Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.56 per share and revenue of $5.3 billion. 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. Click to get this free report Fortinet, Inc. (FTNT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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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. Currently, this industry holds a Zacks Industry Rank of 26, positioning it in the top 11% 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.
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The network security company's shares have seen an increase of 7.25% over the last month, surpassing the Computer and Technology sector's gain of 4.65% and the S&P 500's gain of 5.37%. Currently, this industry holds a Zacks Industry Rank of 26, positioning it in the top 11% of all 250+ industries. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?
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3fd78f5e-dee9-4530-8ca3-b4c8669d8815
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713489.0
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2023-12-11 00:00:00 UTC
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Snap Inc - Class A Shares Climb 2.4% Past Previous 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/snap-inc-class-a-shares-climb-2.4-past-previous-52-week-high-market-mover
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nan
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nan
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Snap Inc - Class A (SNAP) shares closed 2.4% higher than its previous 52 week high, giving the company a market cap of $22B. The stock is currently up 83.8% year-to-date, up 74.8% over the past 12 months, and up 180.7% over the past five years. This week, the Dow Jones Industrial Average rose 2.9%, and the S&P 500 rose 3.5%.
Trading Activity
Trading volume this week was 26.3% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.9.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , 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 Information Technology 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 560.4%
The company's stock price performance over the past 12 months beats the peer average by 763.7%
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 1.9. 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 Information Technology 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 560.4% The company's stock price performance over the past 12 months beats the peer average by 763.7% This story was produced by the Kwhen Automated News Generator.
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Snap Inc - Class A (SNAP) shares closed 2.4% higher than its previous 52 week high, giving the company a market cap of $22B. This week, the Dow Jones Industrial Average rose 2.9%, and the S&P 500 rose 3.5%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and 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 Information Technology 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 560.4% The company's stock price performance over the past 12 months beats the peer average by 763.7%
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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 Information Technology 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 560.4% The company's stock price performance over the past 12 months beats the peer average by 763.7% 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 26.3% higher than the 20-day average. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and 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 Information Technology 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 560.4% The company's stock price performance over the past 12 months beats the peer average by 763.7%
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6367a719-09b2-48eb-8671-13bdc8aeacba
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713490.0
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2023-12-11 00:00:00 UTC
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Ares Management Corp - 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/ares-management-corp-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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Ares Management Corp - Class A (ARES) shares closed today at 0.9% below its 52 week high of $115.15, giving the company a market cap of $21B. The stock is currently up 70.9% year-to-date, up 60.6% over the past 12 months, and up 513.4% over the past five years. This week, the Dow Jones Industrial Average rose 2.9%, and the S&P 500 rose 3.5%.
Trading Activity
Trading volume this week was 61.5% higher 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 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 1424.5%
The company's stock price performance over the past 12 months beats the peer average by -4329.0%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 292.0% 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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Beta, a measure of the stock’s volatility relative to the overall market stands at 1.4. 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 1424.5% The company's stock price performance over the past 12 months beats the peer average by -4329.0% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 292.0% higher than the average peer. This story was produced by the Kwhen Automated News Generator.
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Ares Management Corp - Class A (ARES) shares closed today at 0.9% below its 52 week high of $115.15, giving the company a market cap of $21B. This week, the Dow Jones Industrial Average rose 2.9%, and the S&P 500 rose 3.5%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and 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 1424.5% The company's stock price performance over the past 12 months beats the peer average by -4329.0% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 292.0% 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 , 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 1424.5% The company's stock price performance over the past 12 months beats the peer average by -4329.0% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 292.0% 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 2.9%, and the S&P 500 rose 3.5%. 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 1424.5% The company's stock price performance over the past 12 months beats the peer average by -4329.0% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 292.0% higher than the average peer.
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2ac7d650-1472-44d0-b1ad-7bd277ae9721
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713491.0
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2023-12-11 00:00:00 UTC
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Why Opera Stock Zoomed 13% Higher Today
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DCOMP
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https://www.nasdaq.com/articles/why-opera-stock-zoomed-13-higher-today
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nan
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nan
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For any stock, it's usually a good day when a famous investment bank taps it as an investible asset. That happened on Wednesday to browser and digital content company Opera (NASDAQ: OPRA), giving its shares a more than 13% lift during the trading session. That was far more than enough to beat the S&P 500 index's 1.4% rise.
Goldman Sachs initiated Opera stock with a resounding buy
The raiser in question was Goldman Sachs. Well before market open, its analyst Eric Sheridan initiated coverage of Opera stock with a buy recommendation at a price target of $16.50 per each of its American depositary shares (ADS). Even after Wednesday's price surge, that level implies a potential gain of over 33% for the specialty tech company.
It wasn't immediately apparent why Sheridan was so bullish on the stock. However, his move comes a mere day after Opera declared its latest semiannual dividend. The company is paying its shareholders $0.40 per ADS. This is to be handed out on or about Jan. 9, 2024, to investors of record as of Jan. 3.
Opera's dividend is still relatively new. The company launched its semiannual payout only this past June, with that same $0.40 per ADS distribution.
A high-yield dividend is always a draw
At the current share price, Opera's payout yields almost 6.5%; it's little wonder, then, that an analyst would find the stock appealing. Even some of the market's most reliable dividend stocks don't approach that level. Meanwhile, Opera is a well-established name in the alternative browser sphere, and in its most recently reported quarter, it posted double-digit gains in both revenue and headline net income.
Should you invest $1,000 in Opera right now?
Before you buy stock in Opera, 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 Opera wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
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*Stock Advisor returns as of December 11, 2023
Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Goldman Sachs Group. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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That happened on Wednesday to browser and digital content company Opera (NASDAQ: OPRA), giving its shares a more than 13% lift during the trading session. Well before market open, its analyst Eric Sheridan initiated coverage of Opera stock with a buy recommendation at a price target of $16.50 per each of its American depositary shares (ADS). Meanwhile, Opera is a well-established name in the alternative browser sphere, and in its most recently reported quarter, it posted double-digit gains in both revenue and headline net income.
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Goldman Sachs initiated Opera stock with a resounding buy The raiser in question was Goldman Sachs. Well before market open, its analyst Eric Sheridan initiated coverage of Opera stock with a buy recommendation at a price target of $16.50 per each of its American depositary shares (ADS). Before you buy stock in Opera, 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 Opera wasn't one of them.
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Well before market open, its analyst Eric Sheridan initiated coverage of Opera stock with a buy recommendation at a price target of $16.50 per each of its American depositary shares (ADS). Before you buy stock in Opera, 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 Opera wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Eric Volkman has no position in any of the stocks mentioned.
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Opera's dividend is still relatively new. Even some of the market's most reliable dividend stocks don't approach that level. Before you buy stock in Opera, 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 Opera wasn't one of them.
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c74300e0-0284-40f8-9ca6-0a6c3edffe91
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713492.0
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2023-12-11 00:00:00 UTC
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EXCLUSIVE-GM's Cruise robotaxi unit dismisses nine execs after safety probe
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DCOMP
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https://www.nasdaq.com/articles/exclusive-gms-cruise-robotaxi-unit-dismisses-nine-execs-after-safety-probe
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nan
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By Greg Bensinger and David Shepardson
Dec 13 (Reuters) - General Motors' GM.O Cruise robotaxi unit dismissed nine key people amid an ongoing safety investigation, according to a memo seen by Reuters on Wednesday, which the company confirmed included Chief Operating Officer Gil West.
The investigation relates to an Oct. 2 incident in which a woman was struck and dragged by a Cruise vehicle in San Francisco.
The shakeup follows weeks of turmoil at the robotaxi unit, which had to pull all its vehicles from testing in the United States to conduct a safety review after the accident. CEO Kyle Vogt and co-founder Dan Kan both resigned in recent weeks and Cruise is preparing for a round of layoffs this month.
"Following an initial analysis of the October 2 incident and Cruise's response to it, nine individuals departed Cruise," according to the memo.
"We are committed to full transparency and are focused on rebuilding trust and operating with the highest standards when it comes to safety, integrity, and accountability," the memo said. "As a result, we believe that new leadership is necessary to achieve these goals."
The Cruise spokesperson confirmed that among those dismissed was also Chief Legal and Policy Officer Jeff Bleich and Senior Vice President of Government Affairs David Estrada.
Cruise's troubles are also a setback for an industry dependent on public trust and the cooperation of regulators. The unit had in recent months touted ambitious plans to expand to more cities, offering fully autonomous taxi rides.
The investigation, led by law firm Quinn Emmanuel, is expected to last until January, GM has said.
"The personnel decisions made today are a necessary step for Cruise to move forward as it focuses on accountability, trust and transparency," GM said in a statement.
In October, the California Department of Motor Vehicles ordered Cruise to remove its driverless cars from state roads, calling them a risk to the public and saying the company had misrepresented the safety of its technology.
Further, the National Highway Traffic Safety Administration in October opened an investigation into pedestrian risks at Cruise.
Cruise could face $1.5 million in fines and additional sanctions over its failure to disclose details surrounding the accident, a California agency has said.
Mo Elshenawy took over as Cruise's president last month and told an all-hands meeting earlier in December that the autonomous vehicle unit has hit an "all time low."
(Reporting by Greg Bensinger and David Shepardson; Editing by Richard Chang)
((greg.bensinger@thomsonreuters.com; Reuters Messaging: @gregbensinger))
The views and 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 Cruise spokesperson confirmed that among those dismissed was also Chief Legal and Policy Officer Jeff Bleich and Senior Vice President of Government Affairs David Estrada. In October, the California Department of Motor Vehicles ordered Cruise to remove its driverless cars from state roads, calling them a risk to the public and saying the company had misrepresented the safety of its technology. Mo Elshenawy took over as Cruise's president last month and told an all-hands meeting earlier in December that the autonomous vehicle unit has hit an "all time low."
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By Greg Bensinger and David Shepardson Dec 13 (Reuters) - General Motors' GM.O Cruise robotaxi unit dismissed nine key people amid an ongoing safety investigation, according to a memo seen by Reuters on Wednesday, which the company confirmed included Chief Operating Officer Gil West. "The personnel decisions made today are a necessary step for Cruise to move forward as it focuses on accountability, trust and transparency," GM said in a statement. In October, the California Department of Motor Vehicles ordered Cruise to remove its driverless cars from state roads, calling them a risk to the public and saying the company had misrepresented the safety of its technology.
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By Greg Bensinger and David Shepardson Dec 13 (Reuters) - General Motors' GM.O Cruise robotaxi unit dismissed nine key people amid an ongoing safety investigation, according to a memo seen by Reuters on Wednesday, which the company confirmed included Chief Operating Officer Gil West. "Following an initial analysis of the October 2 incident and Cruise's response to it, nine individuals departed Cruise," according to the memo. In October, the California Department of Motor Vehicles ordered Cruise to remove its driverless cars from state roads, calling them a risk to the public and saying the company had misrepresented the safety of its technology.
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By Greg Bensinger and David Shepardson Dec 13 (Reuters) - General Motors' GM.O Cruise robotaxi unit dismissed nine key people amid an ongoing safety investigation, according to a memo seen by Reuters on Wednesday, which the company confirmed included Chief Operating Officer Gil West. "Following an initial analysis of the October 2 incident and Cruise's response to it, nine individuals departed Cruise," according to the memo. In October, the California Department of Motor Vehicles ordered Cruise to remove its driverless cars from state roads, calling them a risk to the public and saying the company had misrepresented the safety of its technology.
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fc2152fc-ab3b-4178-bb3e-fb386472aa17
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713493.0
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2023-12-11 00:00:00 UTC
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Lennar Corp. - Class A Shares Climb 6.1% Past Previous 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/lennar-corp.-class-a-shares-climb-6.1-past-previous-52-week-high-market-mover
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nan
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nan
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Lennar Corp. - Class A (LEN) shares closed 6.1% higher than its previous 52 week high, giving the company a market cap of $40B. The stock is currently up 62.6% year-to-date, up 62.4% over the past 12 months, and up 275.0% over the past five years. This week, the Dow Jones Industrial Average rose 2.9%, and the S&P 500 rose 3.5%.
Trading Activity
Trading volume this week was 111.3% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.2.
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 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 lags the peer average by -42.7%
The company's stock price performance over the past 12 months lags the peer average by -40.5%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 26.4% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Lennar Corp. - Class A (LEN) shares closed 6.1% higher than its previous 52 week high, giving the company a market cap of $40B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.2. 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 lags the peer average by -42.7% The company's stock price performance over the past 12 months lags the peer average by -40.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 26.4% higher than the average peer.
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Lennar Corp. - Class A (LEN) shares closed 6.1% higher than its previous 52 week high, giving the company a market cap of $40B. This week, the Dow Jones Industrial Average rose 2.9%, and the S&P 500 rose 3.5%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and 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 lags the peer average by -42.7% The company's stock price performance over the past 12 months lags the peer average by -40.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 26.4% higher than the average peer.
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Market Comparative Performance The company's share price is the same as the S&P 500 Index , 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 lags the peer average by -42.7% The company's stock price performance over the past 12 months lags the peer average by -40.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 26.4% higher than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This week, the Dow Jones Industrial Average rose 2.9%, and the S&P 500 rose 3.5%. 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 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 lags the peer average by -42.7% The company's stock price performance over the past 12 months lags the peer average by -40.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 26.4% higher than the average peer.
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21f07cd9-aa4b-4cb6-91e5-294ea362e561
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713494.0
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2023-12-11 00:00:00 UTC
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Carvana Co. - Class A Shares Close the Day 12.3% Higher - Daily Wrap
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DCOMP
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https://www.nasdaq.com/articles/carvana-co.-class-a-shares-close-the-day-12.3-higher-daily-wrap
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nan
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nan
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Carvana Co. - Class A (CVNA) shares closed today 12.3% higher than it did at the end of yesterday. The stock is currently up 850.8% year-to-date, up 833.1% over the past 12 months, and up 34.4% over the past five years. Today, the Dow Jones Industrial Average rose 0.4%, and the S&P 500 rose 0.3%.
Trading Activity
Shares traded as high as $45.45 and as low as $36.53 this week.
Shares closed 11.5% below its 52-week high and 1298.3% above its 52-week low.
Trading volume this week was 38.9% higher than the 10-day average and 51.1% higher than the 30-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 4.3.
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 beats the S&P 500 Index today, beats it on a 1-year basis, and lags it on a 5-year basis
The company's share price beats the Dow Jones Industrial Average today, beats it on a 1-year basis, and lags it on a 5-year basis
The company share price beats the performance of its peers in the Consumer Discretionary industry sector today, 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 320.5%
The company's stock price performance over the past 12 months beats the peer average by 334.5%
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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Carvana Co. - Class A (CVNA) shares closed today 12.3% higher than it did at the end of yesterday. Beta, a measure of the stock’s volatility relative to the overall market stands at 4.3. Market Comparative Performance The company's share price beats the S&P 500 Index today, beats it on a 1-year basis, and lags it on a 5-year basis The company's share price beats the Dow Jones Industrial Average today, beats it on a 1-year basis, and lags it on a 5-year basis The company share price beats the performance of its peers in the Consumer Discretionary industry sector today, 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 320.5% The company's stock price performance over the past 12 months beats the peer average by 334.5%
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Carvana Co. - Class A (CVNA) shares closed today 12.3% higher than it did at the end of yesterday. Today, the Dow Jones Industrial Average rose 0.4%, and the S&P 500 rose 0.3%. Market Comparative Performance The company's share price beats the S&P 500 Index today, beats it on a 1-year basis, and lags it on a 5-year basis The company's share price beats the Dow Jones Industrial Average today, beats it on a 1-year basis, and lags it on a 5-year basis The company share price beats the performance of its peers in the Consumer Discretionary industry sector today, 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 320.5% The company's stock price performance over the past 12 months beats the peer average by 334.5%
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Market Comparative Performance The company's share price beats the S&P 500 Index today, beats it on a 1-year basis, and lags it on a 5-year basis The company's share price beats the Dow Jones Industrial Average today, beats it on a 1-year basis, and lags it on a 5-year basis The company share price beats the performance of its peers in the Consumer Discretionary industry sector today, 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 320.5% The company's stock price performance over the past 12 months beats the peer average by 334.5% 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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Shares closed 11.5% below its 52-week high and 1298.3% above its 52-week low. Trading volume this week was 38.9% higher than the 10-day average and 51.1% higher than the 30-day average. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
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6276ed87-028e-4619-a3c2-39140e63a7cc
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713495.0
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2023-12-11 00:00:00 UTC
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Synchrony Financial Shares Climb 1.7% Past Previous 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/synchrony-financial-shares-climb-1.7-past-previous-52-week-high-market-mover
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nan
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nan
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Synchrony Financial (SYF) shares closed 1.7% higher than its previous 52 week high, giving the company a market cap of $15B. The stock is currently up 15.5% year-to-date, up 7.2% over the past 12 months, and up 74.6% over the past five years. This week, the Dow Jones Industrial Average rose 2.9%, and the S&P 500 rose 3.5%.
Trading Activity
Trading volume this week was 74.5% higher 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 above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Financials 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 10.8%
The company's stock price performance over the past 12 months lags the peer average by -30.6%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -68.5% 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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Synchrony Financial (SYF) shares closed 1.7% higher than its previous 52 week high, giving the company a market cap of $15B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.4. 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 , 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 Financials 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 10.8% The company's stock price performance over the past 12 months lags the peer average by -30.6% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -68.5% lower than the average peer.
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Synchrony Financial (SYF) shares closed 1.7% higher than its previous 52 week high, giving the company a market cap of $15B. This week, the Dow Jones Industrial Average rose 2.9%, and the S&P 500 rose 3.5%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials 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 10.8% The company's stock price performance over the past 12 months lags the peer average by -30.6% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -68.5% 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 , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials 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 10.8% The company's stock price performance over the past 12 months lags the peer average by -30.6% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -68.5% lower than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Trading Activity Trading volume this week was 74.5% higher than the 20-day average. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials 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 10.8% The company's stock price performance over the past 12 months lags the peer average by -30.6% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -68.5% lower than the average peer.
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5c462094-c4ac-4256-b9bb-454b23ae935d
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713496.0
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2023-12-11 00:00:00 UTC
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Universal Corp. Shares Climb 2.7% Past Previous 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/universal-corp.-shares-climb-2.7-past-previous-52-week-high-market-mover
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nan
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nan
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Universal Corp. (UVV) shares closed 2.7% higher than its previous 52 week high, giving the company a market cap of $1B. The stock is currently up 24.5% year-to-date, up 21.9% over the past 12 months, and up 30.7% over the past five years. This week, the Dow Jones Industrial Average rose 2.9%, and the S&P 500 rose 3.5%.
Trading Activity
Trading volume this week was 112.2% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.5.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis
The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and lags it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by -582.9%
The company's stock price performance over the past 12 months beats the peer average by -675.8%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 9.2% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Universal Corp. (UVV) shares closed 2.7% higher than its previous 52 week high, giving the company a market cap of $1B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.5. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -582.9% The company's stock price performance over the past 12 months beats the peer average by -675.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 9.2% higher than the average peer.
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Universal Corp. (UVV) shares closed 2.7% higher than its previous 52 week high, giving the company a market cap of $1B. This week, the Dow Jones Industrial Average rose 2.9%, and the S&P 500 rose 3.5%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -582.9% The company's stock price performance over the past 12 months beats the peer average by -675.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 9.2% higher than the average peer.
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Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -582.9% The company's stock price performance over the past 12 months beats the peer average by -675.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 9.2% higher than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Universal Corp. (UVV) shares closed 2.7% higher than its previous 52 week high, giving the company a market cap of $1B. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -582.9% The company's stock price performance over the past 12 months beats the peer average by -675.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 9.2% higher than the average peer.
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3875fab1-3a40-4087-8c16-00a82910c182
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713497.0
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2023-12-11 00:00:00 UTC
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Arista Networks Inc Shares Approach 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/arista-networks-inc-shares-approach-52-week-high-market-mover-3
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nan
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nan
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Arista Networks Inc (ANET) shares closed today at 0.4% below its 52 week high of $231.95, giving the company a market cap of $71B. The stock is currently up 89.2% year-to-date, up 72.6% over the past 12 months, and up 301.5% over the past five years. This week, the Dow Jones Industrial Average rose 2.9%, and the S&P 500 rose 3.5%.
Trading Activity
Trading volume this week was 0.8% 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 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 Information Technology 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 804.8%
The company's stock price performance over the past 12 months beats the peer average by 1712.6%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 247.4% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Arista Networks Inc (ANET) shares closed today at 0.4% below its 52 week high of $231.95, giving the company a market cap of $71B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.4. 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 Information Technology 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 804.8% The company's stock price performance over the past 12 months beats the peer average by 1712.6% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 247.4% higher than the average peer.
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This week, the Dow Jones Industrial Average rose 2.9%, and the S&P 500 rose 3.5%. 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 Information Technology 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 804.8% The company's stock price performance over the past 12 months beats the peer average by 1712.6% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 247.4% higher than the average peer.
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Market Comparative Performance The company's share price is the same as the S&P 500 Index , 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 Information Technology 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 804.8% The company's stock price performance over the past 12 months beats the peer average by 1712.6% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 247.4% higher than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This week, the Dow Jones Industrial Average rose 2.9%, and the S&P 500 rose 3.5%. 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 Information Technology 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 804.8% The company's stock price performance over the past 12 months beats the peer average by 1712.6% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 247.4% higher than the average peer.
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df874643-a0c3-4ef6-be11-c99dd479eca2
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713498.0
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2023-12-11 00:00:00 UTC
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Flowserve Corp. Shares Near 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/flowserve-corp.-shares-near-52-week-high-market-mover
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nan
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nan
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Flowserve Corp. (FLS) shares closed today at 1.5% below its 52 week high of $40.97, giving the company a market cap of $5B. The stock is currently up 29.3% year-to-date, up 29.2% over the past 12 months, and up 0.8% over the past five years. This week, the Dow Jones Industrial Average rose 2.9%, and the S&P 500 rose 3.5%.
Trading Activity
Trading volume this week was 10.9% higher 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 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 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 Industrials 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 19.5%
The company's stock price performance over the past 12 months beats the peer average by 46.1%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -29.7% 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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Flowserve Corp. (FLS) shares closed today at 1.5% below its 52 week high of $40.97, giving the company a market cap of $5B. 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 Industrials 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 19.5% The company's stock price performance over the past 12 months beats the peer average by 46.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -29.7% lower than the average peer.
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Flowserve Corp. (FLS) shares closed today at 1.5% below its 52 week high of $40.97, giving the company a market cap of $5B. This week, the Dow Jones Industrial Average rose 2.9%, and the S&P 500 rose 3.5%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials 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 19.5% The company's stock price performance over the past 12 months beats the peer average by 46.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -29.7% 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 lags 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 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 19.5% The company's stock price performance over the past 12 months beats the peer average by 46.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -29.7% 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 2.9%, and the S&P 500 rose 3.5%. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials 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 19.5% The company's stock price performance over the past 12 months beats the peer average by 46.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -29.7% lower than the average peer.
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4e6c1fe6-7c9a-4ae4-bdaf-df30677a8fcf
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713499.0
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2023-12-11 00:00:00 UTC
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3 of the Most Attractive Dividend Stocks in the REITs Space
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DCOMP
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https://www.nasdaq.com/articles/3-of-the-most-attractive-dividend-stocks-in-the-reits-space
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Real estate investment trusts (REITs) are known for offering higher dividend yields than most of the stocks listed on the S&P 500. But while these stocks feature higher yields, a good dividend isn’t enough to justify buying shares. Some stocks with dividend yields well above 5% end up generating mediocre returns and falling behind the market. So in order to maximize their returns, dividend investors should look for companies with both respectable yields and appreciation. Investors looking to diversify their portfolios into top REITs with dividends may want to get started with these three picks.
Stag Industrial (STAG)
Stag Industrial (NYSE:STAG) is a real estate investment trust that invests in storage facilities and warehouses. The firm has 568 buildings spread across 41 states. Many of Stag Industrial’s tenants stay on board for many years through long-term leases. The company’s 97.6% occupancy rate highlights this fact. That means stable cash flow and insulation from economic uncertainty.
This REIT continued to grow in the third quarter. Stag Industrial increased its net operating income by 6.7% year-over-year (YOY). The company also invested $204.3 million into 12 buildings in the third quarter. These buildings consist of 1.5 million square feet.
Bill Crooker, CEO of Stag Industrial, shared positive remarks about the company’s performance and long-term focus. He mentioned that the company is “well positioned” to capitalize on opportunities and is waiting for when the time is right. That sentiment reflects a firm with a strong financial position that is still eying long-term growth for shareholders. In the meantime, investors get to enjoy a dividend yield of 4%. Investors interested in REITs with dividends should definitely take a closer look at STAG.
Digital Realty Trust (DLR)
Digital Realty Trust (NYSE:DLR) invests in data centers and has many big tech companies as its tenants. Data centers are a critical expense for many online corporations which means a steady stream of annual recurring revenue. Digital Realty Trust has invested in over 300 data centers, has over 5,000 customers and has data centers on six continents with more than half of them located in North America. Artificial intelligence is likely to amplify DLR’s gains making it one of the top REITs right now.
DLR is the fifth largest publicly traded REIT and offers an enticing 3.6% dividend yield. The firm has maintained an average 10% compounded annual growth rate for its dividend from 2005 to 2022. While DLR shares have only gained 18% over the past five years, the booming demand for artificial intelligence has resulted in more gains for recent investors. Digital Realty Trust is up by 31% year-to-date (YTD) and has outperformed the S&P 500 during that same amount of time.
Mid-America Apartment Communities (MAA)
Mid-America Apartment Communities (NYSE:MAA) is a REIT that prioritizes apartment buildings in the Sun Belt region of the U.S. The firm looks for areas experiencing above-average growth and has successfully navigated many economic booms and busts. MAA has paid a consistent dividend since 1994 and currently has a 4.3% dividend yield. Shares are down 16% YTD but are up 28% over the past five years. The recent drop presents a buying opportunity for long-term investors.
In the third quarter, MAA experienced a slight drop in funds from operations (FFO) per share. The corporation reported $2.16 FFO in Q3 2023 compared to $2.19 FFO during the same period in 2022. However, funds from operations increased YOY in the nine months ending Sept. 30. For Q3, revenue inched up by 4% YOY. Net income was down YOY but the company maintained a healthy 20% net profit margin.
The company is enduring some headwinds at the moment, but the elevated dividend and MAA’s long history of rewarding shareholders make it a good choice for patient investors looking for top REITs with dividends.
On this date of publication, Marc Guberti held a long position in MAA. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Marc Guberti is a finance freelance writer at InvestorPlace.com who hosts the Breakthrough Success Podcast. He has contributed to several publications, including the U.S. News & World Report, Benzinga, and Joy Wallet.
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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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Bill Crooker, CEO of Stag Industrial, shared positive remarks about the company’s performance and long-term focus. Data centers are a critical expense for many online corporations which means a steady stream of annual recurring revenue. 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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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Real estate investment trusts (REITs) are known for offering higher dividend yields than most of the stocks listed on the S&P 500. Stag Industrial (STAG) Stag Industrial (NYSE:STAG) is a real estate investment trust that invests in storage facilities and warehouses. Digital Realty Trust (DLR) Digital Realty Trust (NYSE:DLR) invests in data centers and has many big tech companies as its tenants.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Real estate investment trusts (REITs) are known for offering higher dividend yields than most of the stocks listed on the S&P 500. Stag Industrial (STAG) Stag Industrial (NYSE:STAG) is a real estate investment trust that invests in storage facilities and warehouses. The company is enduring some headwinds at the moment, but the elevated dividend and MAA’s long history of rewarding shareholders make it a good choice for patient investors looking for top REITs with dividends.
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Stag Industrial increased its net operating income by 6.7% year-over-year (YOY). The firm has maintained an average 10% compounded annual growth rate for its dividend from 2005 to 2022. In the third quarter, MAA experienced a slight drop in funds from operations (FFO) per share.
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