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713500.0
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2023-12-11 00:00:00 UTC
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Tri Pointe Homes Inc. 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/tri-pointe-homes-inc.-shares-climb-1.7-past-previous-52-week-high-market-mover
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Tri Pointe Homes Inc. (TPH) shares closed 1.7% higher than its previous 52 week high, giving the company a market cap of $3B. The stock is currently up 71.7% year-to-date, up 67.9% over the past 12 months, and up 180.5% 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 66.8% 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 Consumer Discretionary industry sector , beats it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 0.5%
The company's stock price performance over the past 12 months lags the peer average by -2.4%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -24.6% 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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Tri Pointe Homes Inc. (TPH) shares closed 1.7% 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 1.4. 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 Consumer Discretionary industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 0.5% The company's stock price performance over the past 12 months lags the peer average by -2.4% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -24.6% lower than the average peer.
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Tri Pointe Homes Inc. (TPH) shares closed 1.7% 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 Consumer Discretionary industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 0.5% The company's stock price performance over the past 12 months lags the peer average by -2.4% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -24.6% lower than the average peer.
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Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Discretionary industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 0.5% The company's stock price performance over the past 12 months lags the peer average by -2.4% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -24.6% 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 66.8% higher than the 20-day average. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Discretionary industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 0.5% The company's stock price performance over the past 12 months lags the peer average by -2.4% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -24.6% lower than the average peer.
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713501.0
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2023-12-11 00:00:00 UTC
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Up 150% YTD, Should You Ride the Uber Stock Rally?
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DCOMP
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https://www.nasdaq.com/articles/up-150-ytd-should-you-ride-the-uber-stock-rally
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Ride-sharing tech company Uber's (UBER) growth story has been nothing short of spectacular. From a disruptive start-up to a global icon, Uber has reshaped itself, highlighting its powers of innovation and adaptability. It doesn’t come as a surprise to see its stock up 150% so far this year, wildly outperforming the S&P 500 Index’s ($SPX) gain of 21%.
www.barchart.com
Uber: More Than Just Ridesharing
Founded in 2009, Uber made its humble beginning as a mode of transportation, and has since expanded to 70 countries covering 10,500 cities. With its seamless, mobile app-based solution, Uber aimed to connect riders directly with drivers. Its innovative approach to transportation resonated with users, leading to its rapid expansion into major cities across the globe. The simplicity of the app, coupled with competitive pricing and the promise of timely rides, propelled Uber into the mainstream.
Nonetheless, Uber did not stop at simply providing rides. With UberX, Uber Pool, Uber Freight, and Uber Eats, the company expanded into delivery and freight, catering to a variety of consumer needs and preferences. The strength of this business strategy is evident in its third-quarter results, which have encouraged Wall Street to be optimistic about its long-term potential.
Uber Rakes in Cash During Q3
What’s impressive is that Uber has increased its revenue from $10.4 billion in 2018 to $31.8 billion in 2022. And while Uber fell short of Wall Street's expectations in the third quarter, it still marked the company's second consecutive quarter of profit. Net earnings came in at $0.10 per share in Q3, compared to a loss of $0.61 in the year-ago quarter.
Uber’s total Q3 revenue jumped 11% year-over-year to $9.3 billion, missing the consensus estimate by $248 million. Total trips in the quarter also increased 25% to $2.4 billion, with a 21% jump in gross bookings from the year-ago quarter. Mobility and Delivery revenue, combined, increased to $8 billion - a 21% increase from the prior quarter, accounting for 96% of total revenue.
Through Uber One, which now has 15 million members, the company offers subscription services to members. Management stated during the Q3 earnings call that membership growth is a huge catalyst for growth at Uber.
The company also reported a massive increase in free cash flow to $905 million from $358 million in the prior year quarter. At the end of Q3, the total cash balance (cash, cash equivalents, and short-term investments) was $5.2 billion. While Uber’s debt-to-equity ratio is quite high at 1.17, rising free cash flow should assist the company in paying down its debts sooner.
Uber Outlook: 4Q and Beyond
Management expects gross bookings in the fourth quarter to land in the range of $36.5 billion to $37.5 billion, while adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) could arrive in the $1.18 billion and $1.24 billion range.
Looking ahead, analysts are hopeful Uber will end the year with another profitable quarter. For the upcoming fourth quarter, analysts estimate earnings per share of $0.16 on $9.77 billion in revenue. Furthermore, analysts predict Uber will continue its profit streak into 2024.
In 2024, earnings could grow by 204.6% to $1.15 per share, with revenue growth of around 15.6% to $42.93 billion. Priced at 3.0 times forward sales, which is lower than its historical average P/S ratio of 4.5, Uber is reasonably valued as a growth stock at current levels.
What Do Analysts Say About Uber Stock?
Following its solid third-quarter earnings, Uber became eligible for inclusion in the S&P 500 Index, solidifying its position as a high-quality growth stock.
According to William Blair analyst Ralph Schackart, “an addition to the S&P 500 can be a significant driver for a stock as it means that funds that passively track the S&P 500 will have to allocate funds toward Uber.”
Meanwhile, Oppenheimer analyst Jason Helfstein now expects Uber to “lean into growth and share buybacks, which should increase investor sentiment for growth/return in 2024.” Helfstein increased the target price for UBER to $75 from $65.
Overall, Wall Street remains bullish about Uber’s long-term prospects, rating it a "strong buy.” Of the 35 analysts covering UBER, 31 have a “strong buy” recommendation, three have a “moderate buy” rating, and one suggests a “hold.” As of this writing, Uber is trading nearly flat with analysts’ average price target of $61.94.
www.barchart.com
Potential Headwinds for Uber
A growing business is bound to face difficulties. Regulatory challenges, disagreements with traditional taxi services, and concerns about driver classification and safety have all put the company to the test. In November, the company reached an agreement on a wage theft investigation in New York. Uber, along with peer company Lyft (LYFT), will pay $328 million to drivers who were negatively impacted by both companies' alleged practices. Despite the challenges, Uber's resilience and adaptability have been remarkable.
Furthermore, Uber’s ambition extends beyond transportation. It plans to venture into autonomous vehicles, partnerships in the delivery space, and investments in innovative technologies to showcase its broader vision. While Uber will face stiff competition in the electric vehicle (EV) industry, I believe it will be able to succeed there as well.
The Key Takeaway
As Uber continues to innovate and expand its horizons, I believe there is enormous potential in the coming years. The company will most likely be able to maintain its profitability streak by increasing revenue through its diverse businesses. Based on analysts' growth forecasts, I believe Uber will be able to meet its high target price of $75, implying a 21% upside potential over the next 12 months.
On the date of publication, Sushree Mohanty 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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Priced at 3.0 times forward sales, which is lower than its historical average P/S ratio of 4.5, Uber is reasonably valued as a growth stock at current levels. According to William Blair analyst Ralph Schackart, “an addition to the S&P 500 can be a significant driver for a stock as it means that funds that passively track the S&P 500 will have to allocate funds toward Uber.” Meanwhile, Oppenheimer analyst Jason Helfstein now expects Uber to “lean into growth and share buybacks, which should increase investor sentiment for growth/return in 2024.” Helfstein increased the target price for UBER to $75 from $65. Based on analysts' growth forecasts, I believe Uber will be able to meet its high target price of $75, implying a 21% upside potential over the next 12 months.
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The company also reported a massive increase in free cash flow to $905 million from $358 million in the prior year quarter. For the upcoming fourth quarter, analysts estimate earnings per share of $0.16 on $9.77 billion in revenue. Overall, Wall Street remains bullish about Uber’s long-term prospects, rating it a "strong buy.” Of the 35 analysts covering UBER, 31 have a “strong buy” recommendation, three have a “moderate buy” rating, and one suggests a “hold.” As of this writing, Uber is trading nearly flat with analysts’ average price target of $61.94.
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With UberX, Uber Pool, Uber Freight, and Uber Eats, the company expanded into delivery and freight, catering to a variety of consumer needs and preferences. According to William Blair analyst Ralph Schackart, “an addition to the S&P 500 can be a significant driver for a stock as it means that funds that passively track the S&P 500 will have to allocate funds toward Uber.” Meanwhile, Oppenheimer analyst Jason Helfstein now expects Uber to “lean into growth and share buybacks, which should increase investor sentiment for growth/return in 2024.” Helfstein increased the target price for UBER to $75 from $65. Overall, Wall Street remains bullish about Uber’s long-term prospects, rating it a "strong buy.” Of the 35 analysts covering UBER, 31 have a “strong buy” recommendation, three have a “moderate buy” rating, and one suggests a “hold.” As of this writing, Uber is trading nearly flat with analysts’ average price target of $61.94.
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The company also reported a massive increase in free cash flow to $905 million from $358 million in the prior year quarter. In 2024, earnings could grow by 204.6% to $1.15 per share, with revenue growth of around 15.6% to $42.93 billion. What Do Analysts Say About Uber Stock?
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492aeee1-0f74-4377-82ce-b6eab178c7bd
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713502.0
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2023-12-11 00:00:00 UTC
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Strength Seen in Financial Institutions (FISI): Can Its 5.6% Jump Turn into More Strength?
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DCOMP
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https://www.nasdaq.com/articles/strength-seen-in-financial-institutions-fisi%3A-can-its-5.6-jump-turn-into-more-strength
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Financial Institutions (FISI) shares rallied 5.6% in the last trading session to close at $20.69. 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 10% gain over the past four weeks.
Shares of Financial Institutions rallied for the fifth consecutive trading day. The Federal Reserve signaled end of the current rate cycle and kept the interest rates unchanged at 22-year high of 5.25-5.5% at the end of 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 being faced by the industry players will somewhat come down next year, thus supporting net interest income and margin. Hence, the FISI stock moved higher.
This holding company for Five Star Bank is expected to post quarterly earnings of $0.73 per share in its upcoming report, which represents a year-over-year change of -4%. Revenues are expected to be $50.29 million, down 7% 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 Financial Institutions, 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 FISI 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 >>>>
Financial Institutions belongs to the Zacks Banks - Northeast industry. Another stock from the same industry, Business First (BFST), closed the last trading session 4.7% higher at $22.97. Over the past month, BFST has returned 1.7%.
Business First's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.60. Compared to the company's year-ago EPS, this represents a change of -9.1%. Business First currently boasts a Zacks Rank of #3 (Hold).
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Financial Institutions, Inc. (FISI) : Free Stock Analysis Report
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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 being faced by the industry players will somewhat come down next year, thus supporting net interest income and margin. This holding company for Five Star Bank is expected to post quarterly earnings of $0.73 per share in its upcoming report, which represents a year-over-year change of -4%. 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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You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Financial Institutions belongs to the Zacks Banks - Northeast industry. Business First's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.60. Click to get this free report Financial Institutions, Inc. (FISI) : Free Stock Analysis Report Business First Bancshares, Inc. (BFST) : 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 >>>> Financial Institutions belongs to the Zacks Banks - Northeast industry. Click to get this free report Financial Institutions, Inc. (FISI) : Free Stock Analysis Report Business First Bancshares, Inc. (BFST) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Hence, the FISI stock moved higher. Another stock from the same industry, Business First (BFST), closed the last trading session 4.7% higher at $22.97. Business First's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.60.
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713503.0
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2023-12-11 00:00:00 UTC
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Newcomer Elysian, Petrobras notch big wins in Brazil oil auction
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DCOMP
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https://www.nasdaq.com/articles/newcomer-elysian-petrobras-notch-big-wins-in-brazil-oil-auction
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By Marta Nogueira and Rodrigo Viga Gaier
RIO DE JANEIRO, Dec 13 (Reuters) - Oil companies including Elysian along with veterans Petrobras and Chevron snapped up the most blocks up for grabs in Brazil's latest offshore oil auction marked by climate protests, as the South American nation looks to replenish reserves with new discoveries.
Oil regulator ANP ran the tender that assigned 192 exploration and production areas out of more than 600 on offer, with newcomer Elysian winning 122 of them.
The government will receive nearly 500 million reais ($102 million) from the blocks auctioned, mostly from contracts for areas in the deep water Pelotas Basin along Brazil's southern coast.
State-run Petrobras PETR4.SA secured 29 blocks in the deep water basin, all as operator with consortium partner Shell SHEL.L. In three of them, China's state-owned CNOOC SASACY.UL also formed part of the winning group.
"We achieved a very successful strategy... We entered a border area with little probability of having environmental problems," said Petrobras CEO Jean Paul Prates, describing the area as "very prolific."
U.S. major Chevron CVX.N also won rights in 15 blocks in the same basin.
Elysian is based in Minas Gerais state and was created only in August to compete in the auction. Its winning bids stretched across three other offshore basins - Potiguar, Espirito Santo and Sergipe Alagoas.
Outside the Rio de Janeiro hotel where the auction took place, climate activists loudly protested the push to keep pumping more fossil fuels, linked by scientists to catastrophic global warming, demanding an immediate transition to clean energy.
"The signals that the Brazilian government is sending to the international community with an oil auction a day after the (the global climate meetings in Dubai) are the worst possible," said Marcelo Laterman, coordinator of Greenpeace's Oceans Front.
In his opening speech, ANP head Rodolfo Saboia acknowledged the auction may seem like a contradiction, but he argued the world's dependence on fossil fuels will not be eliminated in five or ten years.
He added that new oil and gas exploration is needed to avoid falling oil production over the next decade.
Brazil is Latin America's top crude oil producer, followed by Mexico, Colombia and Venezuela.
In the offshore Santos Basin, Karoon KAR.AX won a pair of blocks, while CNOOC and Norway's Equinor won the other two alone.
Five more blocks in Brazil's pre-salt offshore areas were also auctioned under a sharing regime, with BP BP.L winning the rights for the only one that received bids in the Santos Basin.
($1 = 4.9256 reais)
(Reporting by Marta Nogueira and Rodrigo Viga Gaier; Writing by Peter Frontini; Editing by Jonathan Oatis, Leslie Adler and Josie Kao)
((david.aliregarcia@thomsonreuters.com; +52 55 5282 7151; Reuters Messaging: david.aliregarcia.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Outside the Rio de Janeiro hotel where the auction took place, climate activists loudly protested the push to keep pumping more fossil fuels, linked by scientists to catastrophic global warming, demanding an immediate transition to clean energy. "The signals that the Brazilian government is sending to the international community with an oil auction a day after the (the global climate meetings in Dubai) are the worst possible," said Marcelo Laterman, coordinator of Greenpeace's Oceans Front. In his opening speech, ANP head Rodolfo Saboia acknowledged the auction may seem like a contradiction, but he argued the world's dependence on fossil fuels will not be eliminated in five or ten years.
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By Marta Nogueira and Rodrigo Viga Gaier RIO DE JANEIRO, Dec 13 (Reuters) - Oil companies including Elysian along with veterans Petrobras and Chevron snapped up the most blocks up for grabs in Brazil's latest offshore oil auction marked by climate protests, as the South American nation looks to replenish reserves with new discoveries. The government will receive nearly 500 million reais ($102 million) from the blocks auctioned, mostly from contracts for areas in the deep water Pelotas Basin along Brazil's southern coast. ($1 = 4.9256 reais) (Reporting by Marta Nogueira and Rodrigo Viga Gaier; Writing by Peter Frontini; Editing by Jonathan Oatis, Leslie Adler and Josie Kao) ((david.aliregarcia@thomsonreuters.com; +52 55 5282 7151; Reuters Messaging: david.aliregarcia.thomsonreuters.com@reuters.net)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Marta Nogueira and Rodrigo Viga Gaier RIO DE JANEIRO, Dec 13 (Reuters) - Oil companies including Elysian along with veterans Petrobras and Chevron snapped up the most blocks up for grabs in Brazil's latest offshore oil auction marked by climate protests, as the South American nation looks to replenish reserves with new discoveries. The government will receive nearly 500 million reais ($102 million) from the blocks auctioned, mostly from contracts for areas in the deep water Pelotas Basin along Brazil's southern coast. Five more blocks in Brazil's pre-salt offshore areas were also auctioned under a sharing regime, with BP BP.L winning the rights for the only one that received bids in the Santos Basin.
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By Marta Nogueira and Rodrigo Viga Gaier RIO DE JANEIRO, Dec 13 (Reuters) - Oil companies including Elysian along with veterans Petrobras and Chevron snapped up the most blocks up for grabs in Brazil's latest offshore oil auction marked by climate protests, as the South American nation looks to replenish reserves with new discoveries. In the offshore Santos Basin, Karoon KAR.AX won a pair of blocks, while CNOOC and Norway's Equinor won the other two alone. Five more blocks in Brazil's pre-salt offshore areas were also auctioned under a sharing regime, with BP BP.L winning the rights for the only one that received bids in the Santos Basin.
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fbd48f7c-71e1-4c12-a644-0155d367c31e
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713504.0
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2023-12-11 00:00:00 UTC
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3 Stocks to Watch for Major Upcoming Catalysts
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DCOMP
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https://www.nasdaq.com/articles/3-stocks-to-watch-for-major-upcoming-catalysts
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Momentous, positive catalysts can cause stocks to rocket a great deal higher in relatively short amounts of time. For example, Microsoft (NASDAQ:MSFT) stock was lifted by tremendous optimism about the revenue that it will generate from AI. Propelled even further by AI fever was Nvidia (NASDAQ:NVDA), which rose from $143 in January to $475 in July. And, American Superconductor (NASDAQ:AMSC), has gone on a tear recently. The stock jumped from $6.27 on Halloween to $10.92. AMSC is closing in on profitability as the sales of its tools for regulating electricity flows soar. Similarly, the following three companies are likely to benefit from powerful, positive catalysts within the next several months, making them important stocks to watch.
Plug Power (PLUG)
Source: T. Schneider / Shutterstock.com
Plug Power (NASDAQ: PLUG) has said that its Georgia green hydrogen plant will begin producing liquid hydrogen by the end of 2023. Moreover, the company’s Tennessee hydrogen plant and a major facility one of PLUG’s major hydrogen suppliers operates has been closed for significant amounts of time. But, PLUG had expects both of those plants to come back online by the end of this month.
The company has stated that when these facilities are fully functional, its hydrogen procurement costs will drop a great deal, causing its gross margins to surge. PLUG is likely to provide detailed information about the status of these plants at the Goldman Sachs (NYSE:GS) Energy Conference on Jan. 4.
At the same conference, PLUG is likely to provide a positive update on the status of its potential $1.5 billion loan from the U.S. Department of Energy. The firm has said that it would like to be able to provide positive news about the loan by the end of the year.
If the market believes that the firm is about to receive the funds, PLUG stock will probably soar because the money would ease the company’s cash crunch which has pushed the shares down a great deal.
All of these factors make PLUG one of the top stocks to watch.
MGM (MGM)
Source: Michael Neil Thomas / Shutterstock.com
MGM’s (NYSE:MGM) online betting joint venture, BetMGM, recently disclosed that it would generate positive EBITDA for the second half of this year. Further, BetMGM reported that it would not need any funding from MGM going forward.
Given these points, along with the continued growth of BetMGM as more states legalize online gambling, I believe that MGM’s bottom line will get a significant bump from BetMGM’s contributions both this quarter and in Q1 of 2024.
Also likely to boost MGM’s financial results are the Formula One Las Vegas Grand Prix and the Super Bowl. The grand prix is held each November in Las Vegas where MGM has many hotels and casinos. Additionally, the Super Bowl will take place in the city in February 2024. Keep MGM on your list of stocks to watch as the company reveals how much these events impacted its earnings.
Intel (INTC)
Source: JHVEPhoto / Shutterstock.com
Nvidia recently indicated that it would be interested in using Intel (NASDAQ:INTC) to manufacture its semiconductors. Specifically, NVDA CFO Colette Kress said that the company would love a third chip supplier. In the past, Nvidia has expressed interest in utilizing Intel’s manufacturing capabilities. Politicians are currently helping to expand these capabilities. As a result, Kress’ comment was widely seen as affirmation that NVDA remains interested in adding Intel as a key supplier.
Moreover, investment bank Raymond James made some comments after attending a dinner hosted by Intel. The company expressed optimism about the outlook of the company’s AI chips. Also importantly, the bank believes that the rise AI-capable chips could provide Intel with opportunities going forward.
On the date of publication, Larry Ramer held long positions in PLUG, INTC, and MGM. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Larry Ramer has conducted research and written articles on U.S. stocks for 15 years. He has been employed by The Fly and Israel’s largest business newspaper, Globes. Larry began writing columns for InvestorPlace in 2015. Among his highly successful, contrarian picks have been PLUG, XOM and solar stocks. You can reach him on Stocktwits at @larryramer.
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The post 3 Stocks to Watch for Major Upcoming Catalysts appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company has stated that when these facilities are fully functional, its hydrogen procurement costs will drop a great deal, causing its gross margins to surge. If the market believes that the firm is about to receive the funds, PLUG stock will probably soar because the money would ease the company’s cash crunch which has pushed the shares down a great deal. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 Stocks to Watch for Major Upcoming Catalysts appeared first on InvestorPlace.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Momentous, positive catalysts can cause stocks to rocket a great deal higher in relatively short amounts of time. Plug Power (PLUG) Source: T. Schneider / Shutterstock.com Plug Power (NASDAQ: PLUG) has said that its Georgia green hydrogen plant will begin producing liquid hydrogen by the end of 2023. Moreover, the company’s Tennessee hydrogen plant and a major facility one of PLUG’s major hydrogen suppliers operates has been closed for significant amounts of time.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Momentous, positive catalysts can cause stocks to rocket a great deal higher in relatively short amounts of time. Plug Power (PLUG) Source: T. Schneider / Shutterstock.com Plug Power (NASDAQ: PLUG) has said that its Georgia green hydrogen plant will begin producing liquid hydrogen by the end of 2023. If the market believes that the firm is about to receive the funds, PLUG stock will probably soar because the money would ease the company’s cash crunch which has pushed the shares down a great deal.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Momentous, positive catalysts can cause stocks to rocket a great deal higher in relatively short amounts of time. Similarly, the following three companies are likely to benefit from powerful, positive catalysts within the next several months, making them important stocks to watch. The company expressed optimism about the outlook of the company’s AI chips.
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47937fe7-c1fe-415b-aefd-961dde52c0a6
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713505.0
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2023-12-11 00:00:00 UTC
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Australian shares hit more than 4-month high after dovish Fed
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DCOMP
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https://www.nasdaq.com/articles/australian-shares-hit-more-than-4-month-high-after-dovish-fed
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nan
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nan
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Dec 14 (Reuters) - Australian shares rose more than 1% on Thursday in broad-based gains after the U.S. Federal Reserve signalled lower borrowing costs are coming in 2024, while traders assessed strong local employment data for November.
The S&P/ASX 200 index .AXJO climbed 1.5% to 7,366.50 by 0037 GMT and was set for a five-session winning rally. Earlier in the day, the benchmark rose 1.6% to hit its highest level since Aug. 2.
The Fed kept interest rates steady for the third meeting in a row on Thursday, as was widely expected. It acknowledged that inflation has eased and signalled that the rate tightening cycle might be over and lower borrowing costs could be in the cards in 2024.
In November, employment in Australia significantly exceeded forecasts for the second consecutive month as businesses hired more full-time employees. However, the unemployment rate increased as more people looked for work.
In Sydney, mining stocks .AXMM led the gains, jumping as much as 2.7% to hit their highest level since Aug. 1. Sector heavyweights BHP Group BHP.AX was up 1.4%, while Rio Tinto RIO.AX rose 1.6%.
Rate-sensitive financials .AXFJ rose 0.7% in what could be their fifth consecutive session of gains. The 'big four' lenders climbed between 0.5% and 1.0%.
Gold stocks .AXGD surged as much as 6.8% and were set for their best session since March 20 after bullion prices jumped overnight. Sector majors Northern Star Resources NST.AX and Evolution Mining EVN.AX jumped 7.0% and 4.2%, respectively. GOL/
Energy stocks .AXEJ rose 0.8%, as oil prices ticked higher on a bigger-than-expected weekly withdrawal from U.S. crude storage. Top energy firms Woodside Energy WDS.AX and Santos STO.AX climbed 0.5% and 1.4%, respectively. O/R
Technology stocks .AXIJ were up 2.9%, tracking gains in their Wall Street peers. Shares of Xero XRO.AX rose 3.1%.
In New Zealand, the benchmark S&P/NZX 50 index .NZ50 rose 0.7% to 11,588.29.
The country's economy unexpectedly contracted in the third quarter as a number of industries including manufacturing and construction saw activity slow and household spending eased, official data showed.
(Reporting by Adwitiya Srivastava in Bengaluru; Editing by Subhranshu Sahu)
((Adwitiya.Srivastava@thomsonreuters.com))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dec 14 (Reuters) - Australian shares rose more than 1% on Thursday in broad-based gains after the U.S. Federal Reserve signalled lower borrowing costs are coming in 2024, while traders assessed strong local employment data for November. In November, employment in Australia significantly exceeded forecasts for the second consecutive month as businesses hired more full-time employees. The country's economy unexpectedly contracted in the third quarter as a number of industries including manufacturing and construction saw activity slow and household spending eased, official data showed.
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Dec 14 (Reuters) - Australian shares rose more than 1% on Thursday in broad-based gains after the U.S. Federal Reserve signalled lower borrowing costs are coming in 2024, while traders assessed strong local employment data for November. Earlier in the day, the benchmark rose 1.6% to hit its highest level since Aug. 2. It acknowledged that inflation has eased and signalled that the rate tightening cycle might be over and lower borrowing costs could be in the cards in 2024.
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Dec 14 (Reuters) - Australian shares rose more than 1% on Thursday in broad-based gains after the U.S. Federal Reserve signalled lower borrowing costs are coming in 2024, while traders assessed strong local employment data for November. In Sydney, mining stocks .AXMM led the gains, jumping as much as 2.7% to hit their highest level since Aug. 1. GOL/ Energy stocks .AXEJ rose 0.8%, as oil prices ticked higher on a bigger-than-expected weekly withdrawal from U.S. crude storage.
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Dec 14 (Reuters) - Australian shares rose more than 1% on Thursday in broad-based gains after the U.S. Federal Reserve signalled lower borrowing costs are coming in 2024, while traders assessed strong local employment data for November. In Sydney, mining stocks .AXMM led the gains, jumping as much as 2.7% to hit their highest level since Aug. 1. Gold stocks .AXGD surged as much as 6.8% and were set for their best session since March 20 after bullion prices jumped overnight.
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8b322d5a-148b-49ad-85e5-ede9bbb47d93
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713506.0
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2023-12-11 00:00:00 UTC
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Scientists see risk of lost opportunity for long COVID research in China
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DCOMP
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https://www.nasdaq.com/articles/scientists-see-risk-of-lost-opportunity-for-long-covid-research-in-china
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nan
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nan
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By Andrew Silver
SHANGHAI, Dec 14 (Reuters) - With more than a full year past since China eased restrictions and let COVID-19 sweep its households, scientists are worried a unique opportunity may be slipping away to study long COVID from possibly hundreds of millions of infections in that country.
Global disease experts say little is known about China's experience with long-term COVID effects, which in Britain, Canada, the U.S. and elsewhere are thought to have afflicted millions with debilitating fatigue, brain fog and other symptoms that persist for months or even years.
China's rare circumstances - relying on home-grown vaccines and mostly avoiding COVID until late in the pandemic - could, these experts say, provide particularly valuable data and insights on long COVID.
But national agencies' funding plans and comments from scientists and policy experts in China suggest that interest in public health-related COVID studies may be waning in the country's research community, like it has elsewhere, as memories fade of stay-at-home orders and close contact tracing.
"The majority of COVID cases in China emerged less than a year ago," Martin Taylor, the World Health Organization's China representative, said in an emailed reply to queries.
Chinese research might, he said, offer a different view from other countries and help to shed light on the causes, prevalence and risk factors of long COVID, which are still not clearly understood.
"Given that situation, WHO encourages more research in China."
But academics point to signs China may be deprioritising or even backing away from public health-related COVID research, including at government agencies that offer grants and academic journals that publish research studies.
"I haven't heard much at all about long COVID, or research on long COVID, despite a wave last winter in which a very large fraction of the population were infected for the first time," said Ben Cowling, an epidemiologist at the University of Hong Kong.
"I'm quite surprised about that, but I am aware that it could be a sensitive topic ... I think the country wants to put COVID behind it."
LONG COVID STUDIES
In one research programme's call for proposals, the National Office for Philosophy and Social Sciences did not include pandemic-related topics, although it had in the past, while the National Natural Science Foundation of China has cut projections for the number of projects to be funded under one COVID research programme, according to documents posted on their websites.
Some researchers noted, however, that funding might be available elsewhere, and indeed the Natural Science Foundation this year offered special grants for research on anti-COVID drugs and COVID-related basic science.
The two agencies did not reply to requests for comment.
Chinese researchers have also published a number of recent studies on long COVID, with more expected.
A study published in November found that half of a set of COVID-19 patients discharged from a Wuhan hospital in early 2020 still had symptoms - mostly mild - three years later. Another study in Beijing published in October found that 28.7% of a group of infected healthcare workers and 39.2% of a group of infected residents still had COVID symptoms five months after they were infected.
But several academics and doctors in China said a variety of concerns have made the research community increasingly wary about long COVID, including sensitivities around bio-data security and policymakers' eagerness to put the pandemic behind them.
"Although the government's investment is continuing ... the interest of the country's researchers seems to be falling," said Tan Hao, an academic at Hunan University's Emergency Science Research Center. He has urged creating a platform for long COVID where patients could receive guidance and support.
China's National Health Commission said in a faxed reply to queries that the country supported scientific researchers looking at the coronavirus.
Regarding long COVID, it said Chinese and international research so far suggested the rate of occurrence is low, organ damage is fairly rare, and symptoms gradually improve with the passage of time.
Other relevant agencies and ministries contacted for comment, including the Ministry of Science and Technology and China's State Council, referred Reuters to China's National Health Commission or did not respond.
Many countries have played down the significance of long COVID, or even failed to acknowledge it as a condition, but China's large population and unique circumstances give it a particularly essential role to play in long COVID research, according to several scientists and researchers.
"There is a huge opportunity for Chinese scientists to contribute and help us solve this complex puzzle," said Ziyad Al-Aly, a senior clinical epidemiologist at Washington University in St. Louis, Missouri. He pointed to possible lessons from China's public health response and the potential for optimising future vaccine strategies.
"I hope they do not sit this one out," he said.
(Reporting by Andrew Silver and Jennifer Rigby; Editing by Michele Gershberg, Miyoung Kim and Edmund Klamann)
((andrew.silver@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 Andrew Silver SHANGHAI, Dec 14 (Reuters) - With more than a full year past since China eased restrictions and let COVID-19 sweep its households, scientists are worried a unique opportunity may be slipping away to study long COVID from possibly hundreds of millions of infections in that country. Global disease experts say little is known about China's experience with long-term COVID effects, which in Britain, Canada, the U.S. and elsewhere are thought to have afflicted millions with debilitating fatigue, brain fog and other symptoms that persist for months or even years. But national agencies' funding plans and comments from scientists and policy experts in China suggest that interest in public health-related COVID studies may be waning in the country's research community, like it has elsewhere, as memories fade of stay-at-home orders and close contact tracing.
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But national agencies' funding plans and comments from scientists and policy experts in China suggest that interest in public health-related COVID studies may be waning in the country's research community, like it has elsewhere, as memories fade of stay-at-home orders and close contact tracing. But academics point to signs China may be deprioritising or even backing away from public health-related COVID research, including at government agencies that offer grants and academic journals that publish research studies. Other relevant agencies and ministries contacted for comment, including the Ministry of Science and Technology and China's State Council, referred Reuters to China's National Health Commission or did not respond.
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But academics point to signs China may be deprioritising or even backing away from public health-related COVID research, including at government agencies that offer grants and academic journals that publish research studies. In one research programme's call for proposals, the National Office for Philosophy and Social Sciences did not include pandemic-related topics, although it had in the past, while the National Natural Science Foundation of China has cut projections for the number of projects to be funded under one COVID research programme, according to documents posted on their websites. Many countries have played down the significance of long COVID, or even failed to acknowledge it as a condition, but China's large population and unique circumstances give it a particularly essential role to play in long COVID research, according to several scientists and researchers.
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But academics point to signs China may be deprioritising or even backing away from public health-related COVID research, including at government agencies that offer grants and academic journals that publish research studies. But several academics and doctors in China said a variety of concerns have made the research community increasingly wary about long COVID, including sensitivities around bio-data security and policymakers' eagerness to put the pandemic behind them. China's National Health Commission said in a faxed reply to queries that the country supported scientific researchers looking at the coronavirus.
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1d8199dd-5baf-463a-927b-841f3b8fc345
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713507.0
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2023-12-11 00:00:00 UTC
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Live Oak Bancshares Inc Shares Close the Day 10.9% Higher - Daily Wrap
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DCOMP
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https://www.nasdaq.com/articles/live-oak-bancshares-inc-shares-close-the-day-10.9-higher-daily-wrap
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nan
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nan
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Live Oak Bancshares Inc (LOB) shares closed today 10.9% higher than it did at the end of yesterday. The stock is currently up 31.8% year-to-date, up 30.4% over the past 12 months, and up 166.8% 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 $39.72 and as low as $35.64 this week.
Shares closed 10.7% above its 52-week high and 155.0% above its 52-week low.
Trading volume this week was 38.7% higher than the 10-day average and 33.1% higher than the 30-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 beats the S&P 500 Index today, beats it on a 1-year basis, and beats 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 beats it on a 5-year basis
The company share price beats the performance of its peers in the Financials industry sector today, 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 -1075.0%
The company's stock price performance over the past 12 months beats the peer average by -1326.1%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 1261.2% 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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Live Oak Bancshares Inc (LOB) shares closed today 10.9% higher than it did at the end of yesterday. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.9. The stock closed below its Bollinger band, indicating it may be oversold.
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Live Oak Bancshares Inc (LOB) shares closed today 10.9% 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 beats 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 beats it on a 5-year basis The company share price beats the performance of its peers in the Financials industry sector today, 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 -1075.0% The company's stock price performance over the past 12 months beats the peer average by -1326.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 1261.2% higher than the average peer.
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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 beats 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 beats it on a 5-year basis The company share price beats the performance of its peers in the Financials industry sector today, 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 -1075.0% The company's stock price performance over the past 12 months beats the peer average by -1326.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 1261.2% 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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Shares closed 10.7% above its 52-week high and 155.0% above its 52-week low. Trading volume this week was 38.7% higher than the 10-day average and 33.1% 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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68829799-3d66-426d-bdd2-3b03a639da0b
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713508.0
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2023-12-11 00:00:00 UTC
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nVent Electric plc Shares Climb 0.8% Past Previous 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/nvent-electric-plc-shares-climb-0.8-past-previous-52-week-high-market-mover
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nan
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nan
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nVent Electric plc (NVT) shares closed 0.8% higher than its previous 52 week high, giving the company a market cap of $9B. The stock is currently up 49.4% year-to-date, up 46.7% over the past 12 months, and up 184.4% 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 43.1% 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 Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 271.7%
The company's stock price performance over the past 12 months beats the peer average by 429.9%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -537.5% 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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nVent Electric plc (NVT) shares closed 0.8% higher than its previous 52 week high, giving the company a market cap of $9B. 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 Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 271.7% The company's stock price performance over the past 12 months beats the peer average by 429.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -537.5% higher than the average peer.
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nVent Electric plc (NVT) shares closed 0.8% higher than its previous 52 week high, giving the company a market cap of $9B. 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 , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 271.7% The company's stock price performance over the past 12 months beats the peer average by 429.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -537.5% 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 Information Technology industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 271.7% The company's stock price performance over the past 12 months beats the peer average by 429.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -537.5% 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 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 , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 271.7% The company's stock price performance over the past 12 months beats the peer average by 429.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -537.5% higher than the average peer.
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c0e74e9e-8cb8-441c-917a-cfe70dc123af
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713509.0
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2023-12-11 00:00:00 UTC
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Samsara Inc - Class A Shares Close in on 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/samsara-inc-class-a-shares-close-in-on-52-week-high-market-mover-0
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nan
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nan
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Samsara Inc - Class A (IOT) shares closed today at 1.0% below its 52 week high of $35.99, giving the company a market cap of $6B. The stock is currently up 189.0% year-to-date, up 166.3% over the past 12 months, and up 45.4% 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 15.5% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 2.2.
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 lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 8139.3%
The company's stock price performance over the past 12 months beats the peer average by -7431.2%
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Samsara Inc - Class A (IOT) shares closed today at 1.0% below its 52 week high of $35.99, giving the company a market cap of $6B. Beta, a measure of the stock’s volatility relative to the overall market stands at 2.2. 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 lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 8139.3% The company's stock price performance over the past 12 months beats the peer average by -7431.2%
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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 Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 8139.3% The company's stock price performance over the past 12 months beats the peer average by -7431.2%
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Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 8139.3% The company's stock price performance over the past 12 months beats the peer average by -7431.2% This story was produced by the Kwhen Automated News Generator.
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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 Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 8139.3% The company's stock price performance over the past 12 months beats the peer average by -7431.2%
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6a5c0cea-07cd-438a-a7b0-ca17052fe0f2
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713510.0
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2023-12-11 00:00:00 UTC
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Hartford Financial Services Group Inc. Shares Approach 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/hartford-financial-services-group-inc.-shares-approach-52-week-high-market-mover
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nan
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nan
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Hartford Financial Services Group Inc. (HIG) shares closed today at 0.5% below its 52 week high of $80.73, giving the company a market cap of $24B. The stock is currently up 8.9% year-to-date, up 9.0% over the past 12 months, and up 120.2% 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 16.8% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.7.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the 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 lags the peer average by -62.9%
The company's stock price performance over the past 12 months lags the peer average by -69.2%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -18.9% lower than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Hartford Financial Services Group Inc. (HIG) shares closed today at 0.5% below its 52 week high of $80.73, giving the company a market cap of $24B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.7. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the 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 lags the peer average by -62.9% The company's stock price performance over the past 12 months lags the peer average by -69.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -18.9% lower than the average peer.
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Hartford Financial Services Group Inc. (HIG) shares closed today at 0.5% below its 52 week high of $80.73, giving the company a market cap of $24B. 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 beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the 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 lags the peer average by -62.9% The company's stock price performance over the past 12 months lags the peer average by -69.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -18.9% lower than the average peer.
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Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , 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 lags the peer average by -62.9% The company's stock price performance over the past 12 months lags the peer average by -69.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -18.9% lower than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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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 , 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 lags the peer average by -62.9% The company's stock price performance over the past 12 months lags the peer average by -69.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -18.9% lower than the average peer.
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80d74135-9081-40a9-b0b5-7e5dea7e0245
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713511.0
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2023-12-11 00:00:00 UTC
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SPX Corp. Shares Climb 2.2% Past Previous 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/spx-corp.-shares-climb-2.2-past-previous-52-week-high-market-mover
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nan
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nan
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SPX Corp. (SPXC) shares closed 2.2% higher than its previous 52 week high, giving the company a market cap of $4B. The stock is currently up 41.7% year-to-date, up 38.1% over the past 12 months, and up 45.4% 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 121.5% 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 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 109.9%
The company's stock price performance over the past 12 months beats the peer average by 145.6%
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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SPX Corp. (SPXC) shares closed 2.2% higher than its previous 52 week high, giving the company a market cap of $4B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.3. 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 109.9% The company's stock price performance over the past 12 months beats the peer average by 145.6%
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SPX Corp. (SPXC) shares closed 2.2% higher than its previous 52 week high, giving the company a market cap of $4B. 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 109.9% The company's stock price performance over the past 12 months beats the peer average by 145.6%
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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 109.9% The company's stock price performance over the past 12 months beats the peer average by 145.6% 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 121.5% 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 , 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 109.9% The company's stock price performance over the past 12 months beats the peer average by 145.6%
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ad8320cc-3e80-4db2-b2eb-69b933626b9c
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713512.0
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2023-12-11 00:00:00 UTC
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Quanex Building Products Corp Shares Climb 4.3% Past Previous 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/quanex-building-products-corp-shares-climb-4.3-past-previous-52-week-high-market-mover
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nan
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nan
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Quanex Building Products Corp (NX) shares closed 4.3% higher than its previous 52 week high, giving the company a market cap of $1B. The stock is currently up 41.7% year-to-date, up 36.2% over the past 12 months, and up 162.4% 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 182.8% 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 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 4.7%
The company's stock price performance over the past 12 months beats the peer average by 5.9%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -42.8% 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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Quanex Building Products Corp (NX) shares closed 4.3% 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 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 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 4.7% The company's stock price performance over the past 12 months beats the peer average by 5.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -42.8% lower than the average peer.
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Quanex Building Products Corp (NX) shares closed 4.3% 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 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 4.7% The company's stock price performance over the past 12 months beats the peer average by 5.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -42.8% lower than the average peer.
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Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the 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 4.7% The company's stock price performance over the past 12 months beats the peer average by 5.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -42.8% 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 182.8% higher than the 20-day average. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and 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 4.7% The company's stock price performance over the past 12 months beats the peer average by 5.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -42.8% lower than the average peer.
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d0e93d53-1b47-4f09-9b72-215e1b63c535
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713513.0
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2023-12-11 00:00:00 UTC
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Live Oak Bancshares Inc Shares Climb 10.7% Past Previous 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/live-oak-bancshares-inc-shares-climb-10.7-past-previous-52-week-high-market-mover
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nan
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nan
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Live Oak Bancshares Inc (LOB) shares closed 10.7% higher than its previous 52 week high, giving the company a market cap of $1B. The stock is currently up 31.8% year-to-date, up 30.4% over the past 12 months, and up 166.8% 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 33.1% 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 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 -1075.0%
The company's stock price performance over the past 12 months beats the peer average by -1326.1%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 1261.2% 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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Live Oak Bancshares Inc (LOB) shares closed 10.7% 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 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 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 -1075.0% The company's stock price performance over the past 12 months beats the peer average by -1326.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 1261.2% higher than the average peer.
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Live Oak Bancshares Inc (LOB) shares closed 10.7% 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 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 -1075.0% The company's stock price performance over the past 12 months beats the peer average by -1326.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 1261.2% 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 -1075.0% The company's stock price performance over the past 12 months beats the peer average by -1326.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 1261.2% 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 -1075.0% The company's stock price performance over the past 12 months beats the peer average by -1326.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 1261.2% higher than the average peer.
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12bf203c-507c-4aec-b90b-2703efec1ce6
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713514.0
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2023-12-11 00:00:00 UTC
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Blackrock Inc. Shares Climb 3.9% Past Previous 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/blackrock-inc.-shares-climb-3.9-past-previous-52-week-high-market-mover
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nan
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nan
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Blackrock Inc. (BLK) shares closed 3.9% higher than its previous 52 week high, giving the company a market cap of $115B. The stock is currently up 12.3% year-to-date, up 9.9% over the past 12 months, and up 127.7% 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 11.3% lower 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 a downward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the 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 129.3%
The company's stock price performance over the past 12 months beats the peer average by 307.6%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 248.3% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Blackrock Inc. (BLK) shares closed 3.9% higher than its previous 52 week high, giving the company a market cap of $115B. 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 , lags it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the 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 129.3% The company's stock price performance over the past 12 months beats the peer average by 307.6% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 248.3% higher than the average peer.
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Blackrock Inc. (BLK) shares closed 3.9% higher than its previous 52 week high, giving the company a market cap of $115B. 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 beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the 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 129.3% The company's stock price performance over the past 12 months beats the peer average by 307.6% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 248.3% higher than the average peer.
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Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the 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 129.3% The company's stock price performance over the past 12 months beats the peer average by 307.6% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 248.3% higher than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This week, the Dow Jones Industrial Average rose 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 , 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 129.3% The company's stock price performance over the past 12 months beats the peer average by 307.6% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 248.3% higher than the average peer.
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20b7dfa0-65d0-42f9-b850-2c93d071101c
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713515.0
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2023-12-11 00:00:00 UTC
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Park National Corporation Shares Close in on 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/park-national-corporation-shares-close-in-on-52-week-high-market-mover-0
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nan
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nan
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Park National Corporation (PRK) shares closed today at 1.3% below its 52 week high of $137.23, giving the company a market cap of $2B. The stock is currently down 2.4% year-to-date, down 3.0% over the past 12 months, and up 76.7% 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 76.9% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.1.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and 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 lags the peer average by 153.1%
The company's stock price performance over the past 12 months lags the peer average by 119.5%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 198.3% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Park National Corporation (PRK) shares closed today at 1.3% below its 52 week high of $137.23, giving the company a market cap of $2B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.1. Market Comparative Performance The company's share price is the same as the S&P 500 Index , 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 lags the peer average by 153.1% The company's stock price performance over the past 12 months lags the peer average by 119.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 198.3% 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 76.9% higher than the 20-day average. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and 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 lags the peer average by 153.1% The company's stock price performance over the past 12 months lags the peer average by 119.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 198.3% higher than the average peer.
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Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and 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 lags the peer average by 153.1% The company's stock price performance over the past 12 months lags the peer average by 119.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 198.3% higher than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This week, the Dow Jones Industrial Average rose 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 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 lags the peer average by 153.1% The company's stock price performance over the past 12 months lags the peer average by 119.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 198.3% higher than the average peer.
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033a5b24-0bba-4e71-97b8-c77b3f289e4b
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713516.0
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2023-12-11 00:00:00 UTC
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ITT Inc Shares Climb 1.6% Past Previous 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/itt-inc-shares-climb-1.6-past-previous-52-week-high-market-mover
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nan
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nan
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ITT Inc (ITT) shares closed 1.6% higher than its previous 52 week high, giving the company a market cap of $9B. The stock is currently up 40.9% year-to-date, up 38.5% over the past 12 months, and up 139.1% 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 35.0% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.3.
Technical Indicators
The Relative Strength Index (RSI) on the stock was between 30 and 70.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 229.2%
The company's stock price performance over the past 12 months beats the peer average by 241.3%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 71.3% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Beta, a measure of the stock’s volatility relative to the overall market stands at 1.3. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70. 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 229.2% The company's stock price performance over the past 12 months beats the peer average by 241.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 71.3% higher than the average peer.
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ITT Inc (ITT) shares closed 1.6% higher than its previous 52 week high, giving the company a market cap of $9B. 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 229.2% The company's stock price performance over the past 12 months beats the peer average by 241.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 71.3% higher than the average peer.
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Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the 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 229.2% The company's stock price performance over the past 12 months beats the peer average by 241.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 71.3% higher than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This week, the Dow Jones Industrial Average rose 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 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 229.2% The company's stock price performance over the past 12 months beats the peer average by 241.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 71.3% higher than the average peer.
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fbfbb0d9-5de4-40c8-bc43-6e5ed3ba2508
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713517.0
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2023-12-11 00:00:00 UTC
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Stanley Black & Decker Inc Shares Approach 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/stanley-black-decker-inc-shares-approach-52-week-high-market-mover
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nan
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nan
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Stanley Black & Decker Inc (SWK) shares closed today at 0.9% below its 52 week high of $102.40, giving the company a market cap of $14B. The stock is currently up 33.4% year-to-date, up 21.0% over the past 12 months, and down 7.5% 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 89.8% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.6.
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 Discretionary industry sector , lags it on a 1-year basis, and lags it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date lags the peer average by -6.1%
The company's stock price performance over the past 12 months lags the peer average by -36.2%
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stanley Black & Decker Inc (SWK) shares closed today at 0.9% below its 52 week high of $102.40, giving the company a market cap of $14B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.6. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Discretionary industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -6.1% The company's stock price performance over the past 12 months lags the peer average by -36.2%
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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 Consumer Discretionary industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -6.1% The company's stock price performance over the past 12 months lags the peer average by -36.2%
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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 Discretionary industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -6.1% The company's stock price performance over the past 12 months lags the peer average by -36.2% This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This week, the Dow Jones Industrial Average rose 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 Consumer Discretionary industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -6.1% The company's stock price performance over the past 12 months lags the peer average by -36.2%
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bb474a50-9d57-4306-8c3d-db9c9155d182
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713518.0
|
2023-12-11 00:00:00 UTC
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Wells Fargo & Co. Shares Climb 5.7% Past Previous 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/wells-fargo-co.-shares-climb-5.7-past-previous-52-week-high-market-mover
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nan
|
nan
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Wells Fargo & Co. (WFC) shares closed 5.7% higher than its previous 52 week high, giving the company a market cap of $174B. The stock is currently up 19.3% year-to-date, up 15.6% over the past 12 months, and up 17.6% 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 58.9% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.1.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , 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 -727.3%
The company's stock price performance over the past 12 months beats the peer average by -578.8%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 5.4% 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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Wells Fargo & Co. (WFC) shares closed 5.7% higher than its previous 52 week high, giving the company a market cap of $174B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.1. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , 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 -727.3% The company's stock price performance over the past 12 months beats the peer average by -578.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 5.4% higher than the average peer.
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Wells Fargo & Co. (WFC) shares closed 5.7% higher than its previous 52 week high, giving the company a market cap of $174B. 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 , 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 -727.3% The company's stock price performance over the past 12 months beats the peer average by -578.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 5.4% higher than the average peer.
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Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the 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 -727.3% The company's stock price performance over the past 12 months beats the peer average by -578.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 5.4% 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 , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -727.3% The company's stock price performance over the past 12 months beats the peer average by -578.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 5.4% higher than the average peer.
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3b0ad2b5-227c-45b4-a364-f59bbbbdae51
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713519.0
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2023-12-11 00:00:00 UTC
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Canadian National Railway Co. Shares Near 52-Week High - Market Mover
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DCOMP
|
https://www.nasdaq.com/articles/canadian-national-railway-co.-shares-near-52-week-high-market-mover
|
nan
|
nan
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Canadian National Railway Co. (CNI) shares closed today at 1.7% below its 52 week high of $123.03, giving the company a market cap of $77B. The stock is currently up 3.0% year-to-date, down 3.8% over the past 12 months, and up 66.8% 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 18.7% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.9.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis
The company share price is the same as the performance of its peers in the Industrials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date lags the peer average by -45.7%
The company's stock price performance over the past 12 months lags the peer average by -330.3%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 35.6% 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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Canadian National Railway Co. (CNI) shares closed today at 1.7% below its 52 week high of $123.03, giving the company a market cap of $77B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.9. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -45.7% The company's stock price performance over the past 12 months lags the peer average by -330.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 35.6% 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%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -45.7% The company's stock price performance over the past 12 months lags the peer average by -330.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 35.6% 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 lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -45.7% The company's stock price performance over the past 12 months lags the peer average by -330.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 35.6% 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 lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -45.7% The company's stock price performance over the past 12 months lags the peer average by -330.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 35.6% higher than the average peer.
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34b69b8a-1c95-4bd1-973f-692092ef89d8
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713520.0
|
2023-12-11 00:00:00 UTC
|
Aegon N. V. - New York Shares Shares Approach 52-Week High - Market Mover
|
DCOMP
|
https://www.nasdaq.com/articles/aegon-n.-v.-new-york-shares-shares-approach-52-week-high-market-mover-2
|
nan
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nan
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Aegon N. V. - New York Shares (AEG) shares closed today at 0.5% below its 52 week high of $5.78, giving the company a market cap of $11B. The stock is currently up 21.2% year-to-date, up 22.9% over the past 12 months, and up 47.3% 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 34.9% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.1.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by -299.7%
The company's stock price performance over the past 12 months beats the peer average by -287.3%
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Beta, a measure of the stock’s volatility relative to the overall market stands at 1.1. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -299.7% The company's stock price performance over the past 12 months beats the peer average by -287.3% This story was produced by the Kwhen Automated News Generator.
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Aegon N. V. - New York Shares (AEG) shares closed today at 0.5% below its 52 week high of $5.78, giving the company a market cap of $11B. 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 Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -299.7% The company's stock price performance over the past 12 months beats the peer average by -287.3%
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Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -299.7% The company's stock price performance over the past 12 months beats the peer average by -287.3% This story was produced by the Kwhen Automated News Generator.
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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 Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -299.7% The company's stock price performance over the past 12 months beats the peer average by -287.3%
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d142af22-f9b6-4354-83bb-38c4dfb7a9ee
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713521.0
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2023-12-11 00:00:00 UTC
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The 3 Most Undervalued Long-Term Stocks to Buy in December
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DCOMP
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https://www.nasdaq.com/articles/the-3-most-undervalued-long-term-stocks-to-buy-in-december
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Undervalued long-term stocks are must-haves for any portfolio. They’re typically defined by trading below their inherent market value. Yet, these overlooked stocks have the potential to deliver massive long-term returns. Their strength lies in quietly building the foundations for long-term future success ahead. Consequently, this situation presents an opportune moment for investors to wager on these long-term stocks. At attractive prices, investors can capitalize on market inconsistencies.
The S&P 500’s rebound after the 2008 crisis proves the significant returns that can come from buying undervalued stocks in turbulent markets. For example, an investment of just $50 during that market could have grown by more than 200% to date. Such historical patterns underscore the vast potential of these investments. For those investors eyeing promising opportunities, these stocks are an astute choice.
For those seeking value, the present market provides a solid opportunity. With the market rally gathering momentum, these top three undervalued long-term stocks are set for solid future growth.
Luminar Technologies (LAZR)
Source: JHVEPhoto/shutterstock.com
Since 2012, Luminar Technologies (NASDAQ:LAZR) has revolutionized transportation with its pioneering lidar autonomous driving technology. Meeting critical demands for performance, safety, and cost, Luminar is pivotal for advancing Level 3 to Level 5 autonomous vehicles. Looking ahead, Statista projects that the autonomous vehicle market is set to surpass a staggering $2 trillion by 2030, positioning LAZR for incredible long-term expansion. And helmed by CEO Austin Russell, Luminar is venturing into the aviation sector through collaboration with Airbus (OTCMKTS:EADSY).
Financially, Luminar stands out with a remarkable forward revenue growth of 80.27%, eclipsing the sector’s median growth of 5.48% by a whopping 1365%. This financial prowess underscores the company’s strong position in the market.
Additionally, Luminar’s dedication to advancing LiDAR solutions is evident in its strategic alliance with Plus, a self-driving technology leader. This partnership not only cements Luminar as the sole long-range LiDAR provider for PlusDrive but also advances safety in commercial vehicles.
Currently, Tiprank’s analysts estimate the LAZR stock offers at least a 210% upside from current levels. These are the makings of an exceptional undervalued long-term stock.
PayPal (PYPL)
Source: Michael Vi / Shutterstock.com
PayPal (NASDAQ:PYPL) has evolved remarkably from facilitating mere online transactions to becoming a global digital payments leader. Now, it offers a diverse suite of services, catering to both individuals and businesses, demonstrating its adaptability and foresight in the ever-evolving digital finance sector.
Moreover, PayPal showcased an outstanding third quarter, reporting non-GAAP earnings per share of $1.30, surpassing projections by 7 cents. The company also recorded a revenue bump of 8.0% year-over-year, reaching $7.4 billion, which is $20 million higher than anticipated. This performance vividly demonstrates PayPal’s robust standing in the market, especially in its service to large enterprises.
Furthermore, PayPal’s investment in Magic and the launch of its stablecoin, PayPal USD (PYUSD), reflect a profound dedication to digital finance innovation. Additionally, acquiring Curv, a digital asset security firm, further strengthens its position in this dynamic sector. These strategic initiatives adeptly diversify PayPal’s portfolio, placing it at the forefront of the digital finance revolution. All the while, PYPL stock trades at just 2.3 times forward sales estimates, roughly 11% lower than the sector median. Although unexpected, this is clearly an undervalued long-term stock.
SharkNinja (SN)
Source: shutterstock.com/Digital Genetics
SharkNinja (NYSE:SN) shines in theglobal marketwith its innovative lifestyle solutions, uniquely combining cutting-edge design and technology. Undervalued yet potent for long-term investment, this standout company captivates a diverse global audience, enhancing its allure in the competitive world of product design and technology.
Moreover, SharkNinja’s remarkable journey, marked by a consistent 20% yearly sales growth since 2008. Just last year, the company grew its net sales from $250 million to more than $3.7 billion, illustrating its financial strength and resilience. This remarkable history firmly establishes SharkNinja as a progressive and adaptable player in the dynamicglobal market
Additionally, SharkNinja’s success stems from its balance of affordability and durability in its products, which is appealing in today’s budget-conscious market. This strategy enhances its appeal to a diverse customer base, reinforcing its reputation as a solid long-term investment. Jefferies analyst Randal Konik has given SN stock buy rating with a $67 target, foreseeing more than a 50% upside from current levels. He praised the firm’s innovative strategy, expecting new products to drive 15% to 20% of sales.
Following Konik’s lead, I’ve added this to my list for undervalued long-term stocks.
On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines
Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor’s of science degree in applied accounting from Oxford Brookes University.
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The post The 3 Most Undervalued Long-Term 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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Looking ahead, Statista projects that the autonomous vehicle market is set to surpass a staggering $2 trillion by 2030, positioning LAZR for incredible long-term expansion. Undervalued yet potent for long-term investment, this standout company captivates a diverse global audience, enhancing its allure in the competitive world of product design and technology. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post The 3 Most Undervalued Long-Term Stocks to Buy in December appeared first on InvestorPlace.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Undervalued long-term stocks are must-haves for any portfolio. Luminar Technologies (LAZR) Source: JHVEPhoto/shutterstock.com Since 2012, Luminar Technologies (NASDAQ:LAZR) has revolutionized transportation with its pioneering lidar autonomous driving technology. Financially, Luminar stands out with a remarkable forward revenue growth of 80.27%, eclipsing the sector’s median growth of 5.48% by a whopping 1365%.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Undervalued long-term stocks are must-haves for any portfolio. With the market rally gathering momentum, these top three undervalued long-term stocks are set for solid future growth. This remarkable history firmly establishes SharkNinja as a progressive and adaptable player in the dynamicglobal market Additionally, SharkNinja’s success stems from its balance of affordability and durability in its products, which is appealing in today’s budget-conscious market.
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Luminar Technologies (LAZR) Source: JHVEPhoto/shutterstock.com Since 2012, Luminar Technologies (NASDAQ:LAZR) has revolutionized transportation with its pioneering lidar autonomous driving technology. Looking ahead, Statista projects that the autonomous vehicle market is set to surpass a staggering $2 trillion by 2030, positioning LAZR for incredible long-term expansion. Although unexpected, this is clearly an undervalued long-term stock.
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e9d6b1cc-4ec9-460e-84a7-adceeb277ffc
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713522.0
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2023-12-11 00:00:00 UTC
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Financials, miners lift Australian shares
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DCOMP
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https://www.nasdaq.com/articles/financials-miners-lift-australian-shares
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nan
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By Shivangi Lahiri
Dec 14 (Reuters) - Australian shares rallied for a fifth session on Thursday, buoyed by local miners and banks, while investors embraced the Federal Reserve's dovish stance to keep rates on hold, signalling an end to a historic monetary policy tightening cycle.
The S&P/ASX 200 index .AXJO closed 1.6% higher at 7,375.40, hitting a four-month high earlier in the session. The benchmark ended 0.3% up on Wednesday.
Markets welcomed the Fed's widely-expected policy decision to keep interest rates unchanged on Wednesday, with the central bank flagging potentially lower borrowing costs in 2024.
In Australia, employment data outpaced expectations for a second time in November as businesses hired more full-time employees.
"From an economic health standpoint, today's jobs numbers were net positive for equities - it shows the economy remains in decent shape despite interest rate tightening," said Tim Waterer, chief market analyst at KCM Trade.
Local mining stocks .AXMM hit a four-month high during the session, gaining 2.3% at the close on higher base metal prices. MET/L
Heavyweights BHP Group BHP.AX, Rio Tinto RIO.AX, and Fortescue FMG.AX ended higher between 0.4% and 2.8%.
Financials .AXFJ advanced 0.9%, with the 'Big Four' banks gaining between 0.6% and 1.3%.
The real estate sub-index .AXRE climbed 4.2% in broad-based gains through the market.
Sector majors LendLease Group LLC.AX and Goodman Group GMG.AX rose 5.3% and 3%, respectively.
In company news, Woolworths Group's WOW.AX shares ended 0.5% higher after Australia's competition watchdog said it did not oppose the retailing giant's acquisition of a 55% stake in specialty pet retailer Petstock Group.
New Zealand's benchmark S&P/NZX 50 index .NZ50 rose 0.7% to 11,552.88 at the close after official data showed gross domestic product (GDP) fell 0.3% in the September-quarter, allaying rate hike fears from the Reserve Bank of New Zealand.
(Reporting by Shivangi Lahiri in Bengaluru; Editing by Sonia Cheema)
((shivangi.lahiri@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 Shivangi Lahiri Dec 14 (Reuters) - Australian shares rallied for a fifth session on Thursday, buoyed by local miners and banks, while investors embraced the Federal Reserve's dovish stance to keep rates on hold, signalling an end to a historic monetary policy tightening cycle. Markets welcomed the Fed's widely-expected policy decision to keep interest rates unchanged on Wednesday, with the central bank flagging potentially lower borrowing costs in 2024. "From an economic health standpoint, today's jobs numbers were net positive for equities - it shows the economy remains in decent shape despite interest rate tightening," said Tim Waterer, chief market analyst at KCM Trade.
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The S&P/ASX 200 index .AXJO closed 1.6% higher at 7,375.40, hitting a four-month high earlier in the session. Local mining stocks .AXMM hit a four-month high during the session, gaining 2.3% at the close on higher base metal prices. In company news, Woolworths Group's WOW.AX shares ended 0.5% higher after Australia's competition watchdog said it did not oppose the retailing giant's acquisition of a 55% stake in specialty pet retailer Petstock Group.
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By Shivangi Lahiri Dec 14 (Reuters) - Australian shares rallied for a fifth session on Thursday, buoyed by local miners and banks, while investors embraced the Federal Reserve's dovish stance to keep rates on hold, signalling an end to a historic monetary policy tightening cycle. In company news, Woolworths Group's WOW.AX shares ended 0.5% higher after Australia's competition watchdog said it did not oppose the retailing giant's acquisition of a 55% stake in specialty pet retailer Petstock Group. New Zealand's benchmark S&P/NZX 50 index .NZ50 rose 0.7% to 11,552.88 at the close after official data showed gross domestic product (GDP) fell 0.3% in the September-quarter, allaying rate hike fears from the Reserve Bank of New Zealand.
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By Shivangi Lahiri Dec 14 (Reuters) - Australian shares rallied for a fifth session on Thursday, buoyed by local miners and banks, while investors embraced the Federal Reserve's dovish stance to keep rates on hold, signalling an end to a historic monetary policy tightening cycle. The S&P/ASX 200 index .AXJO closed 1.6% higher at 7,375.40, hitting a four-month high earlier in the session. The benchmark ended 0.3% up on Wednesday.
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ac3c72ae-33a0-46b7-868a-d81d6ed5ec95
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713523.0
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2023-12-11 00:00:00 UTC
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Woodside, Santos proposed $52 bln tie-up unlikely to be sealed until at least Feb -source
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DCOMP
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https://www.nasdaq.com/articles/woodside-santos-proposed-%2452-bln-tie-up-unlikely-to-be-sealed-until-at-least-feb-source
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By Scott Murdoch and Lewis Jackson
SYDNEY, Dec 14 (Reuters) - Australia's Woodside Energy and rival Santos are unlikely to announce any agreement on a proposed A$80 billion ($52 billion) tie-up to create a global oil and gas giant until at least February, said a person with direct knowledge of the talks.
Woodside WDS.AX and Santos STO.AX last week confirmed speculation they were in preliminary discussions to create a joint entity that would have assets stretching from Australia to Alaska, the Gulf of Mexico, Papua New Guinea, Senegal and Trinidad and Tobago.
Bankers are currently getting data and details on both companies, and work on a potential deal has only just started, the person said on condition of anonymity because the talks are private.
There is no fixed due diligence period or timetable at the moment, the person added.
Many Australians take holidays in December and January, the peak of the southern hemisphere summer, making it harder to complete transactions during the period.
Santos is being advised on the deal by Citigroup C.N and Goldman Sachs GS.N, while Morgan Stanley MS.N is advising Woodside, sources confirmed.
Santos, Woodside and Goldman Sachs declined to comment, while the other banks did not immediately respond to requests for comment.
A second person with direct knowledge of the talks said only about 5% of the progress needed has been made so far, and Woodside has been driving the talks between both companies.
Woodside's first approach to Santos was made shortly after Santos' investor day on Nov. 22, the first person said.
Perth-based Woodside, the larger of the two companies, has said the talks with Adelaide-based Santos were confidential and there was no certainty an agreement would materialise. Its market capitalisation stands at A$56.91 billion, while Santos is valued at A$22.1 billion.
In an end-of-year video message to staff on Wednesday, Santos CEO Kevin Gallagher said Woodside had approached his company "a number of times" over the past year or so about a deal, according to a company source who confirmed comments first reported by the Australian Financial Review.
INVESTORS SEEK VALUE
The proposed tie-up comes amid a wave of consolidation in the global energy sector, which has seen oil majors Exxon Mobil Corp XOM.N and Chevron CVX.N paying more than $50 billion each to acquire two U.S. producers.
Santos and its advisers have started reaching out to shareholders to get their perspective on a potential deal.
"We've been speaking to bucketloads of investment bankers," said Matthew Haupt, a portfolio manager at long-time Santos shareholder Wilson Asset Management.
"They're all trying to work out a successful price for Santos, the least Woodside can pay that will still make Santos shareholders happy."
Macquarie analysts said on Thursday that Woodside would need to offer between A$8.70 to A$9 per share for Santos based on synergies unlocked from the merger. The longer it took Woodside to convince its shareholders of the deal's merits, the greater the risk it would fail, as happened during its 2015 bid for Oil Search, they added.
Discussions with Santos come less than 18 months after Woodside acquired BHP Group's BHP.AX oil and gas business, and as it grapples to get final approvals for its A$16.5 billion Scarborough liquefied natural gas (LNG) venture in Western Australia, its biggest growth project.
The proposed all-stock Santos deal would give Woodside the advantage of even more considerable scale, both people said, adding it was very hard for the company to find an appropriate acquisition target elsewhere in the world given the industry consolidation already underway.
Santos, meanwhile, is fighting a legal challenge against its flagship Barossa gas project that has stalled the $4.3 billion investment for over a year and rattled investors. The company has also flagged soaring capital spending.
A combined Woodside-Santos would be expected to have access to cheaper funding and more exposure to international investors.
EXPLAINER-What would a Woodside and Santos merger look like? - Reuters News
Woodside-Santos merger global ranking chart https://tmsnrt.rs/3uXNrgT
TIMELINE-Biggest oil and gas sector deals since start of the century
(Reporting by Scott Murdoch and Lewis Jackson in Sydney; Writing by Praveen Menon; Editing by Jamie Freed)
((praveen.menon@thomsonreuters.com; Reuters Messaging: praveen.menon.thomsonreuters.com@reuters.net; Twitter: @Journopraveen))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Woodside WDS.AX and Santos STO.AX last week confirmed speculation they were in preliminary discussions to create a joint entity that would have assets stretching from Australia to Alaska, the Gulf of Mexico, Papua New Guinea, Senegal and Trinidad and Tobago. The proposed tie-up comes amid a wave of consolidation in the global energy sector, which has seen oil majors Exxon Mobil Corp XOM.N and Chevron CVX.N paying more than $50 billion each to acquire two U.S. producers. The proposed all-stock Santos deal would give Woodside the advantage of even more considerable scale, both people said, adding it was very hard for the company to find an appropriate acquisition target elsewhere in the world given the industry consolidation already underway.
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By Scott Murdoch and Lewis Jackson SYDNEY, Dec 14 (Reuters) - Australia's Woodside Energy and rival Santos are unlikely to announce any agreement on a proposed A$80 billion ($52 billion) tie-up to create a global oil and gas giant until at least February, said a person with direct knowledge of the talks. Santos is being advised on the deal by Citigroup C.N and Goldman Sachs GS.N, while Morgan Stanley MS.N is advising Woodside, sources confirmed. - Reuters News Woodside-Santos merger global ranking chart https://tmsnrt.rs/3uXNrgT TIMELINE-Biggest oil and gas sector deals since start of the century (Reporting by Scott Murdoch and Lewis Jackson in Sydney; Writing by Praveen Menon; Editing by Jamie Freed) ((praveen.menon@thomsonreuters.com; Reuters Messaging: praveen.menon.thomsonreuters.com@reuters.net; Twitter: @Journopraveen)) The views and 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 Scott Murdoch and Lewis Jackson SYDNEY, Dec 14 (Reuters) - Australia's Woodside Energy and rival Santos are unlikely to announce any agreement on a proposed A$80 billion ($52 billion) tie-up to create a global oil and gas giant until at least February, said a person with direct knowledge of the talks. Woodside's first approach to Santos was made shortly after Santos' investor day on Nov. 22, the first person said. In an end-of-year video message to staff on Wednesday, Santos CEO Kevin Gallagher said Woodside had approached his company "a number of times" over the past year or so about a deal, according to a company source who confirmed comments first reported by the Australian Financial Review.
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By Scott Murdoch and Lewis Jackson SYDNEY, Dec 14 (Reuters) - Australia's Woodside Energy and rival Santos are unlikely to announce any agreement on a proposed A$80 billion ($52 billion) tie-up to create a global oil and gas giant until at least February, said a person with direct knowledge of the talks. Santos is being advised on the deal by Citigroup C.N and Goldman Sachs GS.N, while Morgan Stanley MS.N is advising Woodside, sources confirmed. A second person with direct knowledge of the talks said only about 5% of the progress needed has been made so far, and Woodside has been driving the talks between both companies.
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6a5317b0-9519-4d48-aec5-f5c45191948a
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713524.0
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2023-12-11 00:00:00 UTC
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Booming Indian coal demand powers rise of state-run giants
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DCOMP
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https://www.nasdaq.com/articles/booming-indian-coal-demand-powers-rise-of-state-run-giants
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nan
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By Sudarshan Varadhan
SINGAPORE, Dec 14 (Reuters) - Booming demand for Indian coal is driving up the shares of miner Coal India COAL.NS and power generator NTPC Ltd NTPC.NS, state giants investors once dismissed as plodding dinosaurs, but which are now outperforming the wider market and global peers.
NTPC, which produces mostly coal-fired power, has surged 78%, far ahead of a gain of 17% in the broader Nifty Index, while shares of Coal India are up 55% for their best year in 2023.
Already the most coal-dependent major economy, India's reliance on the fuel for power generation is set to rise for a third straight year as the addition of renewables slows, giving the two giants a boost.
Analysts expect their efforts to boost efficiency and access to cheap capital to extend the rally, with most recommending that shareholders buy more of the two stocks or retain their holdings, LSEG data shows.
By comparison, shares of coal miners elsewhere, such as Indonesia's Adaro Energy ADRO.JK, Australia's Whitehaven Coal WHC.AX and U.S.-based Peabody BTU.N plummeted this year. Shares of China Shenhua 601088.SS and China Coal Energy 601898.SS rose, but less than the Indian companies.
Among coal-fired power generators, South Korea's KEPCO, U.S.-based Duke Energy DUK.N and American Electric Power AEP.O suffered sharp declines. Russia's Inter RAO shares rose 16.2%.
Still, with a price to earnings ratio of 7.63, Coal India is cheaper than major Chinese peers, and NTPC is undervalued, compared with many Chinese and American counterparts.
Foreign funds have been boosting their stakes, despite tougher global environmental, social and governance (ESG) norms for institutional investors.
NTPC investors include the asset management units of Goldman Sachs and Nippon Life, Vanguard and Blackrock, while Fidelity, Mellon Investments and Charles Schwab figure among Coal India's top 20 shareholders, LSEG data showed.
"Foreign shareholding in the company has steadily moved higher over the last two years, highlighting the dialing-down of the ESG discount," JPMorgan said in an August note on Coal India.
Both companies were long seen as dividend stocks.
Of the eight years of growth the Nifty saw in the last decade, Coal India and NTPC outperformed it just once each. Coal India lost 57% of its value in the decade through 2020, while NTPC lost more than a third.
Since 2021, NTPC has tripled in value to $34 billion, while the world's largest coal miner has grown 2.5 times to $26 billion.
In an October note titled, "This elephant can dance," Bobcaps said NTPC's lower cost of debt gave it an edge in the power industry and it stood to benefit from the government's view that thermal additions were key to stability.
NTPC, the only major Indian company still adding coal-fired capacity, is also boosting coal output from its own mines, while Coal India is slashing thousands of jobs a year and outsourcing some operations to boost margins.
While most of the miner's sales are on low-margin, long-term contracts to utilities, surplus output has allowed bigger spot sales in the lucrative auction market. By comparison, tightening funding has choked global coal miners.
Coal India, NTPC profits grow at record pace Coal India, NTPC profits grow at record pace https://tmsnrt.rs/48eBaCV
NTPC cheaper than local and foreign peers https://tmsnrt.rs/3GHW0il
Coal India undervalued compared to Chinese miners https://tmsnrt.rs/47WoiSf
Return of the dinosaurs: NTPC, Coal India outperform Nifty https://tmsnrt.rs/3tiBlhU
NTPC bucks global trends in 2023 https://tmsnrt.rs/3tqfDZf
Coal India bucks global trends, shares grow at record pace https://tmsnrt.rs/3Nps5iR
Analysts bullish on prospects for Coal India, NTPC https://tmsnrt.rs/3NqvFcw
(Reporting by Sudarshan Varadhan; Editing by Tony Munroe and Clarence Fernandez)
((sudarshan.Varadhan@thomsonreuters.com; +65 91164984; Twitter: https://twitter.com/sudvaradhan @sudvaradhan;))
The views and 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 expect their efforts to boost efficiency and access to cheap capital to extend the rally, with most recommending that shareholders buy more of the two stocks or retain their holdings, LSEG data shows. NTPC investors include the asset management units of Goldman Sachs and Nippon Life, Vanguard and Blackrock, while Fidelity, Mellon Investments and Charles Schwab figure among Coal India's top 20 shareholders, LSEG data showed. In an October note titled, "This elephant can dance," Bobcaps said NTPC's lower cost of debt gave it an edge in the power industry and it stood to benefit from the government's view that thermal additions were key to stability.
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By Sudarshan Varadhan SINGAPORE, Dec 14 (Reuters) - Booming demand for Indian coal is driving up the shares of miner Coal India COAL.NS and power generator NTPC Ltd NTPC.NS, state giants investors once dismissed as plodding dinosaurs, but which are now outperforming the wider market and global peers. Still, with a price to earnings ratio of 7.63, Coal India is cheaper than major Chinese peers, and NTPC is undervalued, compared with many Chinese and American counterparts. Coal India, NTPC profits grow at record pace Coal India, NTPC profits grow at record pace https://tmsnrt.rs/48eBaCV NTPC cheaper than local and foreign peers https://tmsnrt.rs/3GHW0il Coal India undervalued compared to Chinese miners https://tmsnrt.rs/47WoiSf Return of the dinosaurs: NTPC, Coal India outperform Nifty https://tmsnrt.rs/3tiBlhU NTPC bucks global trends in 2023 https://tmsnrt.rs/3tqfDZf Coal India bucks global trends, shares grow at record pace https://tmsnrt.rs/3Nps5iR Analysts bullish on prospects for Coal India, NTPC https://tmsnrt.rs/3NqvFcw (Reporting by Sudarshan Varadhan; Editing by Tony Munroe and Clarence Fernandez) ((sudarshan.Varadhan@thomsonreuters.com; +65 91164984; Twitter: https://twitter.com/sudvaradhan @sudvaradhan;)) The views and 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 Sudarshan Varadhan SINGAPORE, Dec 14 (Reuters) - Booming demand for Indian coal is driving up the shares of miner Coal India COAL.NS and power generator NTPC Ltd NTPC.NS, state giants investors once dismissed as plodding dinosaurs, but which are now outperforming the wider market and global peers. NTPC, the only major Indian company still adding coal-fired capacity, is also boosting coal output from its own mines, while Coal India is slashing thousands of jobs a year and outsourcing some operations to boost margins. Coal India, NTPC profits grow at record pace Coal India, NTPC profits grow at record pace https://tmsnrt.rs/48eBaCV NTPC cheaper than local and foreign peers https://tmsnrt.rs/3GHW0il Coal India undervalued compared to Chinese miners https://tmsnrt.rs/47WoiSf Return of the dinosaurs: NTPC, Coal India outperform Nifty https://tmsnrt.rs/3tiBlhU NTPC bucks global trends in 2023 https://tmsnrt.rs/3tqfDZf Coal India bucks global trends, shares grow at record pace https://tmsnrt.rs/3Nps5iR Analysts bullish on prospects for Coal India, NTPC https://tmsnrt.rs/3NqvFcw (Reporting by Sudarshan Varadhan; Editing by Tony Munroe and Clarence Fernandez) ((sudarshan.Varadhan@thomsonreuters.com; +65 91164984; Twitter: https://twitter.com/sudvaradhan @sudvaradhan;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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NTPC, which produces mostly coal-fired power, has surged 78%, far ahead of a gain of 17% in the broader Nifty Index, while shares of Coal India are up 55% for their best year in 2023. Already the most coal-dependent major economy, India's reliance on the fuel for power generation is set to rise for a third straight year as the addition of renewables slows, giving the two giants a boost. Shares of China Shenhua 601088.SS and China Coal Energy 601898.SS rose, but less than the Indian companies.
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2023-12-11 00:00:00 UTC
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3 Reasons to Buy Oracle Stock, and 3 Reasons to Sell
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https://www.nasdaq.com/articles/3-reasons-to-buy-oracle-stock-and-3-reasons-to-sell
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Oracle's (NYSE: ORCL) stock sank 9% during after-hours trading on Dec. 11 after the tech giant posted its latest earnings report. For the second quarter of fiscal 2024, which ended on Nov. 30, its revenue rose 5% year over year to $12.9 billion but missed analysts' estimates by $110 million. Its adjusted earnings per share (EPS) grew 11% to $1.34 and exceeded expectations by a penny.
Those headline numbers weren't terrible, but investors had expected better results to justify the stock's year-to-date rally of about 40% prior to its earnings report. Let's review the three reasons to buy Oracle's stock -- as well as three reasons to sell it -- to see if it's still a worthwhile investment after its recent post-earnings pullback.
Image source: Getty Images.
A recap of Oracle's growth strategies
Oracle is the world's largest database software company. Over the past decade, it transformed a lot of its on-site software into cloud-based services to keep pace with the evolving market. To accelerate that transformation, it acquired a long list of companies -- including the cloud giant NetSuite in 2016 and the healthcare IT leader Cerner in 2022.
Most of Oracle's recent growth was driven by the expansion of its cloud business and enterprise resource planning (ERP) services. The company's stable profitability and repatriation of its overseas cash also generated plenty of cash for its buybacks and dividends. That's how it bought back nearly 40% of its outstanding shares over the past decade.
The three reasons to buy Oracle
Oracle's growth is cooling off as the macro headwinds drive companies to rein in their spending, but it has three notable strengths:
Its margins are expanding.
Its free cash flow (FCF) is growing.
It's returning a lot of its cash to its investors.
Oracle's adjusted operating margin grew two percentage points year over year and sequentially to 43% in the second quarter. For the first half of the year, its adjusted operating margin also improved two percentage points to 42%. It attributes that expansion to the improved scale of its cloud business, its focus on growing Cerner's profits, and other cost-cutting measures.
As a result, its trailing 12-month FCF grew 20% year over year to $10.1 billion by the end of Q2. That healthy FCF growth enabled it to buy back $600 million in shares in the first half of the year while paying out $2.2 billion in dividends.
The three reasons to sell Oracle
However, the bears will point out:
Oracle's cloud growth is decelerating;
Its dividend is too low.
Its stock isn't a bargain relative to other blue-chip tech stocks.
Oracle's total cloud revenue (including Cerner) grew 24% year over year to $4.8 billion, or 37% of its top line, in Q2. Within that total, its infrastructure-as-a-service (IaaS) revenue increased 50% as its software-as-a-service (SaaS) revenue rose 14%. But all three of those growth rates cooled from the first quarter when its total cloud revenue grew 29%, its IaaS revenue jumped 64%, and its SaaS revenue rose 17%.
That deceleration is worrisome when we consider that Microsoft's cloud growth accelerated in its latest quarter, while Amazon's cloud growth held steady. Oracle's recent decision to tether its own databases to Microsoft's Azure instead of locking them into its own Oracle Cloud Infrastructure (OCI) platform also suggests it's falling behind Microsoft, Amazon, and other tech giants in the crowded cloud infrastructure market.
Oracle has spent a lot more cash on its dividends than on its buybacks this year, but its paltry forward yield of 1.4% won't attract any serious income investors as long as CDs and Treasury bonds are paying yields of over 5%. Meanwhile, its decision to spend less cash on buybacks this year (compared to its $16.2 billion in buybacks in fiscal 2022 and $1.3 billion in buybacks in fiscal 2023) suggests the company doesn't think its shares are extremely undervalued.
Oracle's forward multiple of 21 might seem reasonable, but other blue chip tech stocks like Cisco Systems and HP trade at 13 and 9 times forward earnings, respectively. Cisco and HP also pay higher dividends.
Which argument makes more sense?
Oracle is still a decent investment for long-term investors, but it's easy to find higher-growth cloud stocks or cheaper dividend-paying tech stocks. Since it doesn't fit neatly into either category, I believe its stock will trade sideways and underperform the market until its cloud growth finally stabilizes or accelerates. So for now, I believe the bearish bullet points for Oracle still make a lot more sense than the bullish ones.
Should you invest $1,000 in Oracle right now?
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John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Leo Sun has positions in Amazon. The Motley Fool has positions in and recommends Amazon, Cisco Systems, HP, Microsoft, and Oracle. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Oracle's (NYSE: ORCL) stock sank 9% during after-hours trading on Dec. 11 after the tech giant posted its latest earnings report. Those headline numbers weren't terrible, but investors had expected better results to justify the stock's year-to-date rally of about 40% prior to its earnings report. Since it doesn't fit neatly into either category, I believe its stock will trade sideways and underperform the market until its cloud growth finally stabilizes or accelerates.
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Oracle's adjusted operating margin grew two percentage points year over year and sequentially to 43% in the second quarter. Oracle's total cloud revenue (including Cerner) grew 24% year over year to $4.8 billion, or 37% of its top line, in Q2. Meanwhile, its decision to spend less cash on buybacks this year (compared to its $16.2 billion in buybacks in fiscal 2022 and $1.3 billion in buybacks in fiscal 2023) suggests the company doesn't think its shares are extremely undervalued.
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Oracle's total cloud revenue (including Cerner) grew 24% year over year to $4.8 billion, or 37% of its top line, in Q2. Oracle's recent decision to tether its own databases to Microsoft's Azure instead of locking them into its own Oracle Cloud Infrastructure (OCI) platform also suggests it's falling behind Microsoft, Amazon, and other tech giants in the crowded cloud infrastructure market. Before you buy stock in Oracle, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Oracle wasn't one of them.
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That healthy FCF growth enabled it to buy back $600 million in shares in the first half of the year while paying out $2.2 billion in dividends. Before you buy stock in Oracle, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Oracle wasn't one of them. The Motley Fool has positions in and recommends Amazon, Cisco Systems, HP, Microsoft, and Oracle.
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2023-12-11 00:00:00 UTC
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3 Stocks to Ride the Latin America Market Boom in 2024
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https://www.nasdaq.com/articles/3-stocks-to-ride-the-latin-america-market-boom-in-2024
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Hugo Ste-Marie and the rest of his portfolio strategists at the Bank of Nova Scotia recently compiled a list of 10 major market themes for 2024. One of them was about Latin America stocks.
Ideas included interest rate cuts, GDP expectations, United States savings, bonds, lower-than-expected earnings, large-cap stocks, S&P 500 predictions, the Magnificent 7, and the type of stocks to buy in 2024.
As for Latin American equities, Ste-Marie expects them to outperform Asian equities in the year ahead, emphasizing that China stocks will underperform due to growth struggles.
I remain a big believer in the Latin American economy and stocks. Further, 2024 will be an excellent year to broaden your horizons beyond America.
Axel Christensen, Director of Investment Strategy for Latin America at BlackRock, believes Brazil stocks have attractive valuations compared to other emerging markets.
“The inflation outlook in Brazil is promising, as it has reached the lowest levels in three years, allowing the central bank to start the rate cutting cycle, which will boost economic growth,” Christensen told Bloomberg Linea in September.
Here are three Latin America stocks to buy, emphasizing Brazil.
Itau Unibanco Holding (ITUB)
Source: SERGIO V S RANGEL / Shutterstock.com
Itau Unibanco Holding (NYSE:ITUB) got its start in 1924.
Retailer João Moreira Salles, the owner of Casa Moreira Salles, obtained a banking license from the Brazilian government to operate in the banking sector as a correspondent bank (correspondente bancário) for the leading banks in the state of Minas Gerais.
Ultimately, the bank became known as Unibanco. It merged with Itau in 2008, becoming Itau Unibanco Holding. At the time, it was one of the world’s 20 largest banks by assets. It continues to grow organically and through acquisitions.
Today, it operates retail banking, private banking, asset management, and corporate and investment banking. It has operations in 17 countries, including the U.S.
On Dec. 6, the bank launched a cryptocurrency trading service for its banking and asset management clients. It initially permits trading for Bitcoin (BTC:USD) and Ethereum (ETH:USD). It will add additional cryptocurrencies as it becomes more comfortable with crypto trading.
As the Brazilian central bank prepares to introduce Drex, the digital version of the real, banks such as Itau Unibanco have been forced to upgrade their tech infrastructure to ensure they can handle the digital currency.
The bank’s shares are up more than 45% in 2023. Despite these significant gains, the current price equals its share value in February 2020. They currently trade at 7.8 times its forward earnings, 20% less than the forward P/E of JPMorgan Chase (NYSE:JPM).
Petroleo Brasileiro (PBR)
Source: rafastockbr / Shutterstock.com
Oil prices have been at their lowest level in the past year, under $70 a barrel of West Texas Intermediate (WTI). However, Petroleo Brasileiro (NYSE:PBR) American Depositary Receipts (ADRs) are up nearly 40% over the past 52 weeks. This compares very favorably with Exxon Mobil (NYSE:XOM), whose shares are down almost 8% over the same period.
In late November, the company said that it would invest approximately $102 billion between 2024 and 2028 as part of its strategic plan to grow its business. It was the first five-year plan of new CEO Jean-Paul Prates, who was officially confirmed as CEO in April. It is 31% higher than its five-year plan from 2023 to 2027.
Prates recently said that Brazil would join OPEC+ in January but that it would go along with the group’s production caps in place.
“There is no quota,” Reuters reported Prates’ comments. “We would never be part of an organization that imposes (production) quotas to Brazil, Petrobras is a publicly-traded company and we cannot have quotas.”
Of the 15 analysts covering its stock, 10 rate it “Overweight” or an outright “Buy,” with a target price of $17.07, 18% higher than where it’s currently trading.
Raia Drogasil (RADLY)
Source: Dmitry Kalinovsky / Shutterstock.com
Raia Drogasil (OTCMKTS:RADLY) is the largest drug-store chain in Brazil with 2,868 stores [Q3 2023 presentation link], generating 2022 revenue of 30.9 billion Brazilian real ($6.23 billion). The company was created through the November 2011 merger between Droga Raia and Drogasil. Their histories date back to 1905 and 1935, respectively.
Despite its size, the company controls just 15.1% of the market share in Brazil. This means there is a long-term opportunity to make a consolidation play over the next decade. This provides the rationale for its investment.
In the third quarter, the chain’s revenues increased by 16.3% over Q3 2022, to 9.3 billion Brazilian real ($1.87 billion), with digital revenues accounting for 14% of revenue, up 51.4%. On the bottom line, its adjusted net income was 268.4 million Brazilian real ($54.1 million), 33% higher year-over-year.
Its highest market share by region is Sao Paulo, at 27.4%, almost double the market share for the entire country.
On the date of publication, Will Ashworth did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Will Ashworth has written about investments full-time since 2008. Publications where he’s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia.
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The post 3 Stocks to Ride the Latin America Market Boom 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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Axel Christensen, Director of Investment Strategy for Latin America at BlackRock, believes Brazil stocks have attractive valuations compared to other emerging markets. “The inflation outlook in Brazil is promising, as it has reached the lowest levels in three years, allowing the central bank to start the rate cutting cycle, which will boost economic growth,” Christensen told Bloomberg Linea in September. “We would never be part of an organization that imposes (production) quotas to Brazil, Petrobras is a publicly-traded company and we cannot have quotas.” Of the 15 analysts covering its stock, 10 rate it “Overweight” or an outright “Buy,” with a target price of $17.07, 18% higher than where it’s currently trading.
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Here are three Latin America stocks to buy, emphasizing Brazil. Today, it operates retail banking, private banking, asset management, and corporate and investment banking. Raia Drogasil (RADLY) Source: Dmitry Kalinovsky / Shutterstock.com Raia Drogasil (OTCMKTS:RADLY) is the largest drug-store chain in Brazil with 2,868 stores [Q3 2023 presentation link], generating 2022 revenue of 30.9 billion Brazilian real ($6.23 billion).
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Hugo Ste-Marie and the rest of his portfolio strategists at the Bank of Nova Scotia recently compiled a list of 10 major market themes for 2024. Retailer João Moreira Salles, the owner of Casa Moreira Salles, obtained a banking license from the Brazilian government to operate in the banking sector as a correspondent bank (correspondente bancário) for the leading banks in the state of Minas Gerais. Today, it operates retail banking, private banking, asset management, and corporate and investment banking.
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Here are three Latin America stocks to buy, emphasizing Brazil. At the time, it was one of the world’s 20 largest banks by assets. The bank’s shares are up more than 45% in 2023.
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2023-12-11 00:00:00 UTC
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Property Pillars: 7 REITs for Reliable Income in Shaky Times
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https://www.nasdaq.com/articles/property-pillars%3A-7-reits-for-reliable-income-in-shaky-times
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
At first blush, the case for reliable REITs – that is, real estate investment trusts – might not seem relevant. After all, the U.S. jobs market continues to print impressive figures that beat analysts’ estimates. Still, as a Forbes article pointed out, despite a strong jobs print, recession concerns still exist.
As CNBC explained, a divergence now exists between falling oil prices, rising gold prices and a boost in the 10-Year Treasury yield. The former two events indicate that a recession may impact the U.S. economy. However, the latter indicator implies hopes for a soft landing. In other words, the ambiguity presents a case for property investment opportunities.
Thanks to their distinct structure, REITs are required to distribute at least 90% of their taxable income to shareholders as dividends. Further, these enterprises tend to align themselves with industries benefitting from predictable demand streams. Therefore, if you don’t know what may happen next, income-generating real estate makes plenty of sense.
Recession or not, it’s always nice to have passive income to mitigate against any uncertainties. With that, below are reliable REITs to consider.
Prologis (PLD)
Source: rafapress / Shutterstock.com
What it is: One of the top reliable REITs available, Prologis (NYSE:PLD) invests in logistics facilities. According to the company’s Form 10-K, Prologis is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. Further, its footprint covers 19 countries across four continents. At the moment, the company carries a market capitalization of $112.7 billion.
Relevance: Because of Prologis’ focus on high-barrier markets, it may benefit from economic insulation. Put another way, a hefty commitment exists among the REIT’s tenants, making turnover less likely. Sure enough, one of the strong points in the enterprise’s financials is consistent profitability over the past 10 years. It also posts a strong three-year revenue growth rate of 13.1%.
Pros: Right now, Prologis offers a forward yield of 2.85%. While that’s a bit lower than other property investment opportunities, the track record of consecutive dividend increases stands at 10 years.
Cons: As with other income-generating real estate plays, the focus is on income rather than capital gains.
American Tower (AMT)
Source: T. Schneider / Shutterstock
What it is: Focused on the wireless and broadcast communications infrastructure field, American Tower (NYSE:AMT) features a massive footprint. According to its website, the company commands 225,000 global sites. Further, it covers 25 countries across six continents while employing around 6,000 workers. It’s also a large enterprise, featuring a market cap of nearly $96 billion, making it a comfortable prospect for reliable REITs.
Relevance: Unless you envision a world where telecommunications and wireless initiatives will regress, American Tower should be relevant. According to Precedence Research, the global wireless infrastructure market reached a valuation of just over $160 billion last year. By 2032, experts project that the sector could hit a valuation of nearly $387 billion. Just by downwind benefits, AMT ranks among the top property investment opportunities.
Pros: Combined with a growing underlying industry, AMT offers a forward dividend yield of 3.15%. As well, the company enjoys 12 years of consecutive dividend increases, making it an overall attractive idea for income-generating real estate.
Cons: While AMT rates as a strong buy, upside potential is limited based on the $217.83 average price target.
Stag Industrial (STAG)
Source: Don Pablo / Shutterstock.com
What it is: Headquartered in Boston, Massachusetts, Stag Industrial (NYSE:STAG) is one of the reliable REITs focused mainly on the e-commerce revolution. Per its website, the REIT targets acquisitions and operation of industrial properties throughout the U.S. These largely involve e-commerce and logistics properties, thus benefitting from a pertinent growth market.
Relevance: Back in the second quarter of 2020, e-commerce sales represented 16.5% of all retail transactions. Of course, that stemmed from the surge in retail revenge (basically retail therapy). However, the blistering demand faded as society acclimated to the Covid-19 crisis. However, this metric is back on the rise, hitting 15.6% as of Q3 2023. Indirectly, the upswing makes STAG an intriguing idea for property investment opportunities.
Pros: True to this theme, Stag provides a forward yield of 4.05%. Now, the payout ratio is a bit high at 183.71% even for a REIT. Nevertheless, the continued rise of e-commerce should steadily boost STAG.
Cons: With STAG having performed relatively well this year, the upside potential inherent in the analysts’ consensus target of $38.25 is limited.
Federal Realty Investment Trust (FRT)
Source: mTaira / Shutterstock.com
What it is: Based in Rockville, Maryland, Federal Realty Investment Trust (NYSE:FRT) is one of the reliable REITs investing in shopping centers in the northeastern region of the U.S. As well, Federal Realty covers the Mid-Atlantic states along with California and South Florida. Fundamentally, it enjoys a mixed geographic footprint that may enable it to benefit from millennial migration trends.
Relevance: As stated earlier, the geographic footprint should be a tailwind for Federal Realty. Per its website, its California-focused properties cover Silicon Valley and Southern California. These represent major components of the economic engine that is the Golden State. In addition, its properties in Phoenix, Arizona should add relevance to FRT as younger people move for cost-of-living reasons.
Pros: An attractive idea for property investment opportunities, FRT carries a forward yield of 4.39%. Also, it commands 56 years of consecutive dividend increases. There’s no way that management will want to give up this lofty status.
Cons: While enticing, Federal Realty lacks diverse property holdings compared to other income-generating real estate.
Agree Realty (ADC)
Source: Pavel Kapysh / Shutterstock.com
What it is: Hailing from Farmington Hills, Michigan, Agree Realty (NYSE:ADC) focuses on neighborhood shopping centers with strong anchor tenants. Though the Covid-19 crisis negatively impacted such businesses during the initial wave, society has mostly normalized. Therefore, Agree might benefit from the acclimatization along with the everyday predictable demand profile that such properties exhibit.
Relevance: Again, Agree comes down to serving everyday needs, which makes ADC a solid candidate for reliable REITs. Looking at its financials, the company posts a three-year revenue growth rate of 6.1%, beating out nearly 73% of its peers. Also, Agree unsurprisingly enjoys consistent profitability over the trailing decade. Unless you envision a future where physical shopping becomes obsolete, Agree should be considered one of the top property investment opportunities.
Pros: Right now, the REIT offers a forward dividend yield of 5%. That’s noticeably above the sector average yield of 4.46%. Also, analysts rate shares a strong buy with a $64.53 average price target.
Cons: As with Federal Realty, Agree isn’t quite as diverse as other REITs. Therefore, exposure to consumer sentiment exists.
NNN REIT (NNN)
Source: Shutterstock
What it is: One of the more riskier ideas for reliable REITs, NNN REIT (NYSE:NNN) will require patience. Per its public profile, the entity primarily invests in high-quality properties that are subject to long-term triple-net (NNN) leases. According to Investopedia, this is a type of lease agreement on a property “whereby the tenant or lessee promises to pay all the expenses of the property, including real estate taxes, building insurance, and maintenance.”
Relevance: Fundamentally, the advantage for investors of targeting NNN stock centers on the underlying long-term leases. In addition, market participants may benefit from a diversified tenant base, possibly providing economic insulation. Regarding the financials, National Retail gets the job done with a 2.4% three-year revenue growth rate. However, the real star centers on robust margins and consistent profitability.
Pros: If you’re looking for high yields, you’ve come to the right place. NNN carries a forward yield of 5.57%. In addition, the REIT commands 34 years of consecutive dividend increases.
Cons: If you’re looking for high capital gains potential, you’ve come to the wrong place. NNN is a consensus hold with a measly $41.79 average analyst price target.
Realty Income (O)
Source: Shutterstock
What it is: Another compelling but risky idea for reliable REITs, Realty Income (NYSE:O) is looking at a year-to-date loss of almost 15%. For conservative investors seeking primarily passive income, that might not cut it. However, Realty focuses on free-standing, single-tenant commercial properties tied to largely to critical businesses such as grocery stores.
Relevance: Frankly, the brands that do business with Realty Income speak inherently to the relevance of the enterprise. Unless you envision a future where humans no longer buy groceries, Realty should perform well over the long run. Also, discount retailers do business with the REIT, meaning that there could be added relevance due to the challenging environment.
Pros: When it comes to reasons for buying O stock, Realty carries two advantages. First, the company offers a robust forward yield of 5.65%, noticeably above the sector average of 4.46%. Second, it pays this passive income on a monthly basis instead of the typical quarterly basis.
Cons: Besides the market volatility, the consensus moderate buy rating is a bit lackluster. We’re talking four buys and six holds, which doesn’t scream confidence.
On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.
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The post Property Pillars: 7 REITs for Reliable Income in Shaky Times appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. 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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As well, the company enjoys 12 years of consecutive dividend increases, making it an overall attractive idea for income-generating real estate. Cons: While AMT rates as a strong buy, upside potential is limited based on the $217.83 average price target. Pros: An attractive idea for property investment opportunities, FRT carries a forward yield of 4.39%.
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Federal Realty Investment Trust (FRT) Source: mTaira / Shutterstock.com What it is: Based in Rockville, Maryland, Federal Realty Investment Trust (NYSE:FRT) is one of the reliable REITs investing in shopping centers in the northeastern region of the U.S. As well, Federal Realty covers the Mid-Atlantic states along with California and South Florida. According to Investopedia, this is a type of lease agreement on a property “whereby the tenant or lessee promises to pay all the expenses of the property, including real estate taxes, building insurance, and maintenance.” Relevance: Fundamentally, the advantage for investors of targeting NNN stock centers on the underlying long-term leases. Realty Income (O) Source: Shutterstock What it is: Another compelling but risky idea for reliable REITs, Realty Income (NYSE:O) is looking at a year-to-date loss of almost 15%.
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With that, below are reliable REITs to consider. Realty Income (O) Source: Shutterstock What it is: Another compelling but risky idea for reliable REITs, Realty Income (NYSE:O) is looking at a year-to-date loss of almost 15%. Pros: When it comes to reasons for buying O stock, Realty carries two advantages.
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2023-12-11 00:00:00 UTC
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Silicon Surge: 7 Tech Stocks Poised for a Bullish Comeback
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https://www.nasdaq.com/articles/silicon-surge%3A-7-tech-stocks-poised-for-a-bullish-comeback
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Undeniably, unless some catastrophic black swan event materializes, 2023 will go down as the year of tech stocks to buy. Let’s not even start to argue the point. Just look at the technology-centric Nasdaq-100 index, which shot up almost 51% year-to-date as of this writing. Even more startling, nothing seems to be slowing this freight train.
So, if we’re basing the aforementioned benchmark as the baseline, any bullish tech investments that print a YTD performance of less than 51% is relatively undervalued. That said, it’s difficult to sort through the discount bin. Basically, if an innovation-oriented enterprise was truly compelling, it likely would have been heavily discussed by now.
Still, with thousands of publicly traded opportunities available, it’s practically impossible to give equal coverage to all. Some compelling tech stocks to buy are simply falling through the cracks. Below is a breakdown of underappreciated innovators on a potential comeback trail.
Okta (OKTA)
Source: Poetra.RH / Shutterstock.com
What it is: An identity and access management company, Okta (NASDAQ:OKTA) provides cloud software that helps companies manage and secure user authentication into applications. Additionally, the platform allows developers to build identity controls. Since the beginning of the year, OKTA gained about 11%, which is lowly compared to popular tech stocks to buy.
Relevance: Fundamentally, Okta benefits from a large and burgeoning addressable market. According to Grand View Research, the global identity and access management market reached a valuation of $15.93 billion last year. Experts project that the segment will expand at a compound annual growth rate (CAGR) of 12.6% from 2023 to 2030. At the culmination point, the industry should generate revenue of $41.52 billion.
Pros: Analysts rate OKTA a consensus moderate buy with a maximum price target of $110. Financially, the company posts a three-year revenue growth rate of 33%.
Cons: Overall, the average analyst price target is very modest. Also, investors will be paying a pricey premium against trailing-year sales.
Corsair Gaming (CRSR)
Source: Tada Images/ShutterStock.com
What it is: Based in Milpitas, California, Corsair Gaming (NASDAQ:CRSR) is a computer peripherals and hardware company. Per its public profile, Corsair designs and sells a range of computer products, including high-speed DRAM modules, ATX power supplies, and processor and case cooling systems. Since the start of the year, CRSR only gained less than 3% of equity value.
Relevance: Despite its underperformance, CRSR could be one of the more compelling bullish tech investments. According to Grand View Research, the global video game market reached a valuation of $217.06 billion last year. Further, experts project that from 2023 to 2030, the sector will expand at a CAGR of 13.4%. At the culmination point, we’re talking annual revenue of $583.69 billion. Plus, with gaming become a “true” industry, peripheral demand should soar.
Pros: Analysts peg CRSR as a consensus moderate buy with a $17.17 average price target, implying about 22% growth. Also, CRSR trades at only 0.97x trailing-year sales, below the sector median of 1.46x.
Cons: Overall, the analyst assessment is somewhat pensive at three buys and three holds. Also, revenue growth slowed in 2022, presenting some demand questions.
Teladoc (TDOC)
Source: Postmodern Studio / Shutterstock.com
What it is: A multinational telemedicine and virtual healthcare enterprise, Teladoc (NYSE:TDOC) garnered intense popularity during the Covid-19 crisis. Obviously, with the mysterious SARS-CoV-2 virus running around, contactless services were everything. Since then, TDOC shed a considerable amount of its acute relevance. Since the January opener, TDOC slipped more than 15%.
Relevance: From a cynical level, if we suffer another pandemic, Teladoc may suddenly emerge as a relevant healthcare platform. However, experts still see strong growth in the arena irrespective of acute catalysts. Per Grand View Research, the global telehealth market will reach a valuation of $101.2 billion at the end of this year. By 2030, sector revenue could jump to $455.3 billion. That represents a CAGR of 24.3%.
Pros: Despite near-term fading relevance in the post-pandemic cycle, analysts still rate shares as one of the tech stocks to buy. Further, the average price target lands at $23.44, implying 23% upside.
Cons: Unfortunately, the company suffers from significant financial worries, including a distressed Altman Z-Score. Thus, it’s not a 100% clear-cut case for bullish tech investments.
PayPal (PYPL)
Source: JHVEPhoto / Shutterstock.com
What it is: A multinational financial technology (fintech) company, PayPal (NASDAQ:PYPL) earned its bread and butter through operating an online payments system. A few years ago, the company also offered its buy now, pay later (BNPL) platform called Pay in 4. This service allows customers to split their purchases into four equal payments with no interest or fees.
Relevance: Fundamentally, PayPal ranks among the top tech stocks thanks to broader consumer behavioral shifts. Specifically, young people expect easy digital payment solutions and various service options. It goes without saying that not giving customers what they want is a stupid business decision. Further, with digitalization becoming the norm throughout social transactional paradigms, payment service enterprises have a massive opportunity. Therefore, PayPal can leverage its massive brand trust component.
Pros: Currently, analysts peg PYPL a consensus moderate buy with an average price target of $73.13, implying 24% growth. It’s worth pointing out that PayPal features a three-year revenue growth rate of 16.7%, beating out the sector median 3.7%.
Cons: Primarily, huge skepticism surrounds PYPL because it’s down heavily from its 2021 peak market price. Therefore, it’s a high-risk, high-reward example among bullish tech investments.
ZoomInfo Technologies (ZI)
Source: II.studio / Shutterstock.com
What it is: A software and data company, ZoomInfo Technologies (NASDAQ:ZI) provides data for companies and business individuals. Per its public profile, its main product is a commercial search engine, specializing in contact and business information. Put another way, ZoomInfo offers a sales intelligence platform that allows its enterprise-level clients to identify and connect with potential customers.
Relevance: At first glance, an entity like ZoomInfo might seem problematic due to the troubled economic environment. After all, many blue chips are looking at ways to cut costs, including unfortunately mass layoffs. However, it’s also true that during a sentiment-deflated environment, companies need to fight for whatever customer volume they can get. So, it’s possible that ZI could enjoy a relevance bump, making it one of the tech stocks to consider.
Pros: Analysts seem confident in the northbound narrative of ZoomInfo, rating shares a consensus moderate buy. Also, the average price target lands at $19.93, implying almost 26% upside potential. It also sports a discounted (on paper) forward earnings multiple of 16.24x.
Cons: On the other hand, there’s a huge question about any forward implications for ZoomInfo. Since the January opener, ZI stock fell a staggering 46%.
Marvell (MRVL)
Source: Michael Vi / Shutterstock.com
What it is: Headquartered in Wilmington, Delaware, Marvell (NASDAQ:MRVL) develops and produces semiconductors and related technologies. Specifically, the company focuses on chips for various compelling applications, including data centers, networking and automotive solutions. While it’s not a top performer among tech stocks, it did soar nearly 51% since the January opener.
Relevance: Primarily, Marvell benefits from multiple avenues of demand-feeding opportunities. For example, just look at one aspect of its business, semiconductors for data centers. According to Allied Market Research, the underlying global arena reached a valuation of $187.35 billion in 2020. By 2030, the sector could hit $517.17 billion. That comes out to a CAGR of 10.5% from 2021 to 2030. Add in the other sectors and you’re probably talking gangbusters growth over the long run.
Pros: Unsurprisingly, analysts peg MRLV a consensus strong buy and it would have been unanimous were it not for a single hold rating. Further, the average price target stands at $68.50, implying over 26% growth.
Cons: While MRVL makes a great case for bullish tech investments, it’s also pricey. Currently, shares trade at 8.44x trailing revenue, well above the sector median of 2.88x.
Fiverr (FVRR)
Source: Temitiman / Shutterstock.com
What it is: Based in Israel, Fiverr (NYSE:FVRR) offers an online marketplace for freelance services. Per its public profile, Fiverr connects freelancers to people or businesses looking to hire workers, typically for short-term projects. Naturally, Fiverr represents a key component of the burgeoning gig economy. However, the market is skeptical, with shares down more than 7% since the beginning of the year.
Relevance: While FVRR might not immediately strike investors as one of the tech stocks to buy, the potential of the gig economy is unignorable. According to Business Research Insights, the global arena reached a market valuation of $355 billion in 2021. Experts project that by 2031, the sector will expand at a CAGR of 16.18%. That translates to a valuation of over $1.86 trillion at the culmination point. So, patience could be a virtue.
Pros: Analysts seem to believe in the long-term narrative, rating shares a consensus moderate buy. Further, the average price target clocks in at $35.56, implying 34% upside potential.
Cons: While FVRR trades at forward earnings multiple of 12.82x (implying a discount), Gurufocus warns it could be a value trap. It’s barely posting profits in recent quarters so reasonable skepticism about forward earnings valuations exists.
On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.
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The post Silicon Surge: 7 Tech Stocks Poised for a Bullish Comeback appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Per its public profile, Corsair designs and sells a range of computer products, including high-speed DRAM modules, ATX power supplies, and processor and case cooling systems. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post Silicon Surge: 7 Tech Stocks Poised for a Bullish Comeback appeared first on InvestorPlace.
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According to Grand View Research, the global identity and access management market reached a valuation of $15.93 billion last year. Pros: Analysts peg CRSR as a consensus moderate buy with a $17.17 average price target, implying about 22% growth. Pros: Currently, analysts peg PYPL a consensus moderate buy with an average price target of $73.13, implying 24% growth.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Undeniably, unless some catastrophic black swan event materializes, 2023 will go down as the year of tech stocks to buy. Pros: Analysts peg CRSR as a consensus moderate buy with a $17.17 average price target, implying about 22% growth. ZoomInfo Technologies (ZI) Source: II.studio / Shutterstock.com What it is: A software and data company, ZoomInfo Technologies (NASDAQ:ZI) provides data for companies and business individuals.
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Relevance: Despite its underperformance, CRSR could be one of the more compelling bullish tech investments. Currently, shares trade at 8.44x trailing revenue, well above the sector median of 2.88x. According to Business Research Insights, the global arena reached a market valuation of $355 billion in 2021.
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2023-12-11 00:00:00 UTC
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3 Stocks That Moved the Market in November
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https://www.nasdaq.com/articles/3-stocks-that-moved-the-market-in-november
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November was a great month for the stock market, and investors can get an edge by understanding the most important trends that are driving stocks' performance. These three stocks moved the market last month and illustrate some of the most important trends that are shaping the market right now.
1. Coinbase
Coinbase (NASDAQ: COIN) shares charged 62% higher in November. The company reported better-than-expected quarterly results during the first week of the month. The cryptocurrency exchange benefited from strong growth in service and subscription revenue, which offset declines in transaction fees to help it deliver 14% growth over the prior year.
Coinbase was able to deliver that impressive top-line performance while recording operating expenses near the low end of its forecasts. This allowed the company to approach breakeven for the quarter, and it produced nearly $1 billion in free cash flow.
Image source: Getty Images.
Coinbase posted clear evidence that it is improving operational efficiency at an advantageous time. Investor optimism was also buoyed by an important regulatory development in which a panel of judges requested the SEC review a previously denied application for a Bitcoin exchange-traded fund (ETF).
The introduction of a Bitcoin ETF -- if it happens -- is expected to fuel demand for the cryptocurrency and provide validation of an asset class in the eyes of more skeptical investors. Bitcoin prices surged in the month, and Coinbase's consistent climb higher appears highly correlated with that move.
Coinbase also launched crypto futures trading for U.S. customers in November, opening the door to a new revenue stream that could grow over time. The company is taking advantage of current trends, and it's strengthening its position as a leader in a high-growth industry.
Importantly, the rallies by Coinbase and cryptocurrencies signal an increase in risk tolerance in capital markets. Momentum in the crypto markets was definitely news-driven, but that news alone probably wouldn't have driven such huge gains in a risk-averse investment environment.
2. Cloudflare
Shares of Cloudflare (NYSE: NET) surged 36% last month thanks to a strong earnings report and momentum in the cybersecurity industry. Cloudflare's quarterly revenue -- reported Nov. 2 -- climbed 32% over the prior year, driving the company's sales, billings, and earnings above Wall Street's expectations.
The company also delivered improved customer retention metrics and $35 million in free cash flow, bullish results in the face of macroeconomic headwinds. Cloudflare's guidance for the current quarter was underwhelming, but investors were able to shrug that off and remain optimistic.
Strong results from industry peers Zscaler and CrowdStrike helped build momentum among cybersecurity stocks. These companies are delivering strong growth rates and exceeding analysts' profit forecasts and investors are pleased.
NET data by YCharts
Growth stocks have suffered over the past two years, as high interest rates weigh on enterprise budgets and demand for software products. However, corporate results and economic indicators are providing a variety of data points that are making investors more optimistic. That dynamic is sending valuations higher as investors' risk appetite expands.
3. Shopify
Shopify (NYSE: SHOP) shares climbed 54% in November following an unexpectedly strong quarterly report on Nov. 2. Revenue increased 25% over the prior year, spurred by expanding transaction value, merchant services revenue, and subscription revenue. The e-commerce platform's performance was even more impressive on the bottom line. Shopify improved gross margin by 4 percentage points after it sold its logistics business.
The company also slashed its quarterly operating expenses by more than 20% from the prior year. Shopify swung into profitability and produced $275 million in free cash flow for the quarter, smashing Wall Street's expectations.
These results were especially impressive in the face of growing concerns about consumer strength in a difficult macroeconomic environment. High interest rates, a softening jobs market, inflation, and limited access to credit are all combining to hurt shoppers. Those impacts were obvious in the economic indicators, as retail sales dropped in October.
Investors don't seem to care, suggesting that their economic outlook was even gloomier than recent data. Growth stocks and the retail sector outperformed the S&P 500 last month, largely due to a comprehensively strong earnings season from tech and e-commerce stocks. Short-term market performance is always dictated by shifting investor expectations, and it's clear that the outlook is improving for consumers and the economy as a whole.
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Ryan Downie has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin, Cloudflare, Coinbase Global, CrowdStrike, Shopify, and Zscaler. 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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Investor optimism was also buoyed by an important regulatory development in which a panel of judges requested the SEC review a previously denied application for a Bitcoin exchange-traded fund (ETF). Cloudflare's quarterly revenue -- reported Nov. 2 -- climbed 32% over the prior year, driving the company's sales, billings, and earnings above Wall Street's expectations. NET data by YCharts Growth stocks have suffered over the past two years, as high interest rates weigh on enterprise budgets and demand for software products.
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Cloudflare Shares of Cloudflare (NYSE: NET) surged 36% last month thanks to a strong earnings report and momentum in the cybersecurity industry. Cloudflare's quarterly revenue -- reported Nov. 2 -- climbed 32% over the prior year, driving the company's sales, billings, and earnings above Wall Street's expectations. Shopify swung into profitability and produced $275 million in free cash flow for the quarter, smashing Wall Street's expectations.
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November was a great month for the stock market, and investors can get an edge by understanding the most important trends that are driving stocks' performance. Before you buy stock in Coinbase Global, 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 Coinbase Global 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.
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However, corporate results and economic indicators are providing a variety of data points that are making investors more optimistic. Shopify Shopify (NYSE: SHOP) shares climbed 54% in November following an unexpectedly strong quarterly report on Nov. 2. Before you buy stock in Coinbase Global, 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 Coinbase Global wasn't one of them.
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713530.0
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2023-12-11 00:00:00 UTC
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3 of the Most Attractive Dividend Stocks in the Utilities Space
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https://www.nasdaq.com/articles/3-of-the-most-attractive-dividend-stocks-in-the-utilities-space
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
At a cursory glance, the concept of dividend stocks – particularly in the boring utilities space – seems overly cautious. After all, several risk-on asset classes, including technology-focused securities and cryptocurrencies have soared over the past several weeks. However, not all may be well with the equities space, presenting relevance for the staid but reliable investments.
Primarily, a risk-on pivot materialized due to speculation that the Federal Reserve will raise interest rates sometime next year. While anything’s possible, the robust jobs market presents a surprise headwind. Generally, monetary policymakers deploy interest rate cuts during deflationary cycles, not when the labor market is running at full speed. Therefore, utility stocks with dividends make sense.
No matter what happens – whether we continue on this bull run or if a black swan event changes everything – people need access to energy and critical resources. In other words, we all must pay the bills. That’s the underlying cynicism bolstering dividend-paying utilities stocks.
Plus, no one’s saying not to speculate. But it’s good to have a parachute, just in case. Below are dividend stocks to consider.
Sempra (SRE)
Source: Michael Vi / Shutterstock.com
What it is: Headquartered in San Diego, California, Sempra (NYSE:SRE) is a powerhouse among utility stocks with dividends. By covering large portions of the Southern California market, Sempra effectively guarantees itself relevance. Sure, investors must watch out for migration trends and all that jazz. However, as a coastal region with ports to the Pacific Ocean and an international border with Mexico, Sempra is in a prime location.
Relevance: Right now, the company carries a forward dividend yield of 3.22%. To be fair, that’s a bit lower than the sector average of 3.75%. However, Sempra enjoys 20 years of consecutive payout increases. That’s a status that management will want to hold onto. Further, the payout ratio sits at just under 50%, which is reasonable considering the consistency inherent in dividend-paying utilities stocks.
Pros: Analysts appreciate the opportunity, rating Sempra shares a consensus moderate buy. Also, while the average price target is modest at $80.30, the implied 9% upside is decent for a utility.
Cons: While it’s boring, that doesn’t always translate to positive performances. So far, SRE is down about 4% year-to-date, which is kinda disappointing for dividend stocks.
Xcel Energy (XEL)
Source: Ken Wolter / Shutterstock.com
What it is: Based in Minneapolis, Minnesota, Xcel Energy (NASDAQ:XEL) is a regulated electric utility and natural gas delivery firm. Per its public profile, the company serves more than 3.7 million electric customers and 2.1 million natural gas customers across parts of eight states. With a concentration in the Midwest and western regions of the nation, Xcel benefits from migration trends. More young people are moving to the Midwest for cost-of-living reasons.
Relevance: Presently, Xcel offers a forward yield of 3.4%. Again, it’s a bit lower than average dividend stocks in the utilities space. However, Xcel also features 20 years of consecutive payout increases, something that its leadership team will want to keep going as a strong selling point to investors. Further, its payout ratio comes in at 58.14%, which is decent for the predictable utilities space.
Pros: Analysts view XEL as a consensus moderate buy. On a fundamental level, Xcel should see increased demand as more people move to areas the utility covers. And because utilities command the natural monopoly tailwind, XEL is a name to watch for the long run.
Cons: If you’re looking for big capital gains, XEL isn’t it. Its average price target of $63.64 implies only 4% upside from the time of writing.
Evergy (EVRG)
Source: rafapress / Shutterstock.com
What it is: Headquartered in Topeka, Kansas, and Kansas City, Missouri, Evergy (NASDAQ:EVRG) is a prime example of investor-owned dividend-paying utility stocks. According to its public profile, Evergy is the largest electric company in Kansas, serving more than 1.7 million residential, commercial, and industrial customers in Kansas and Missouri. Fundamentally, the company benefits from millennial migration as they seek refuge from the high costs of living in major metropolitan areas.
Relevance: One of the most intriguing dividend stocks if you’re focused on the utilities space, Evergy commands a forward yield of 5%. That’s conspicuously above average for the sector. However, you must be prepared to absorb a higher-risk profile given the elevated payout ratio of 67%. Also, the utility lacks an ongoing consecutive track record of rising payouts.
Pros: Again, the millennial migration aspect warrants consideration for Evergy. To sweeten the pot, shares trade at forward earnings multiple of 13.27x, lower than the sector median of 14.66x.
Cons: At the moment, analysts rate EVRG only as a consensus hold. Also, the average price target of $52.20 implies a measly upside potential of less than 2%. Therefore, you really have to love utilities stocks with dividends.
On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.
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The post 3 of the Most Attractive Dividend Stocks in the Utilities Space 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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Generally, monetary policymakers deploy interest rate cuts during deflationary cycles, not when the labor market is running at full speed. A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare.
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Per its public profile, the company serves more than 3.7 million electric customers and 2.1 million natural gas customers across parts of eight states. Evergy (EVRG) Source: rafapress / Shutterstock.com What it is: Headquartered in Topeka, Kansas, and Kansas City, Missouri, Evergy (NASDAQ:EVRG) is a prime example of investor-owned dividend-paying utility stocks. According to its public profile, Evergy is the largest electric company in Kansas, serving more than 1.7 million residential, commercial, and industrial customers in Kansas and Missouri.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips At a cursory glance, the concept of dividend stocks – particularly in the boring utilities space – seems overly cautious. Again, it’s a bit lower than average dividend stocks in the utilities space. Relevance: One of the most intriguing dividend stocks if you’re focused on the utilities space, Evergy commands a forward yield of 5%.
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Xcel Energy (XEL) Source: Ken Wolter / Shutterstock.com What it is: Based in Minneapolis, Minnesota, Xcel Energy (NASDAQ:XEL) is a regulated electric utility and natural gas delivery firm. Again, it’s a bit lower than average dividend stocks in the utilities space. Relevance: One of the most intriguing dividend stocks if you’re focused on the utilities space, Evergy commands a forward yield of 5%.
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2023-12-11 00:00:00 UTC
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With F-150 EV Production Cut 50%, What Lies Ahead For Ford Stock?
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https://www.nasdaq.com/articles/with-f-150-ev-production-cut-50-what-lies-ahead-for-ford-stock
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Ford (NYSE:F) will slash production for its F-150 Lightning pickup truck – the electric version of its iconic F-150 – by about half next year, amid weaker demand. Based on a memo sent to suppliers, reported by Automotive News, Ford plans to produce about 1,600 Lightning trucks weekly starting in January at its Rouge Electric Vehicle Center in Michigan, about half its 2024 weekly production target of 3,200 trucks. The news comes after the company’s Q3earnings call during which it indicated that it planned to adjust EV production and delay roughly $12 billion in investments amid softer demand for premium EVs.
EV sales in the United States have actually held up pretty well this year, with over 1 million vehicles delivered over the last 11 months, up by about 51% versus 2022, driven in part by generous incentives from the Inflation Reduction Act. However, even this level of growth doesn’t appear to be meeting the lofty targets of mainstream automakers who may have overplanned their production capacity and investments. Now, pure-play EV behemoth Tesla appears to remain the biggest beneficiary of growth in the EV market. Tesla’s Q3 deliveries rose 26% to 435,059 vehicles. Ford dispatched 20,962 EVs during the quarter, an increase of about 15% compared to last year. Overall, Ford’s electrification drive appears to be driven by vehicles such as the Mustang Mach-E which sold 14,842 units year-to-date, up 42.5% year-over-year and the E-Transit van is also doing well.
However, the F-150 EV is seeing a slump, with sales down by about 45% in Q3. While this was partly due to production being halted to carry out some expansion work during the quarter, there have been indicators that demand for the truck was not too strong. For perspective, in July, Ford said that it would reduce the listed price on some trims of the Lightning by almost $10,000. The slow uptake of the F-150 Lightning could be an issue for Ford for a couple of reasons. The F-150 series of gasoline trucks remains the company’s single most lucrative product line and the truck has been the best-selling U.S. vehicle for over 40 years. Ford’s overall truck sales for Q3 stood at 275,554 units, a 15.3% year-over-year increase. Margins for trucks are also higher than they are for other body styles. This means that the electrification of the truck line-up remains crucial to Ford’s longer-term strategy and profitability and the recent setbacks for the F-150 EV are a bit concerning, indicating that customers are not yet ready for an electric pickup truck.
Now, F stock has shown strong gains of 20% from levels of $9 in early January 2021 to around $11 now, vs. an increase of about 25% for the S&P 500 over this roughly 3-year period. However, the increase in F stock has been far from consistent. Returns for the stock were 136% in 2021, -44% in 2022, and -5% in 2023 (YTD). In comparison, returns for the S&P 500 have been 27% in 2021, -19% in 2022, and 21% in 2023 (YTD) – indicating that F underperformed the S&P in 2022 and 2023. In fact, consistently beating the S&P 500 – in good times and bad – has been difficult over recent years for individual stocks; for heavyweights in the Consumer Discretionary sector including AMZN, TSLA, and HD, and even for the megacap stars GOOG, MSFT, and AAPL. In contrast, the Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has outperformed the S&P 500 each year over the same period. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride as evident in HQ Portfolio performance metrics. Given the current uncertain macroeconomic environment with high oil prices and elevated interest rates, could F face a similar situation as it did in 2022 and 2023 and underperform the S&P over the next 12 months – or will it see a strong jump?
We recently cut our price estimate for Ford from $17 per share to about $14 per share, due to concerns about the broader automotive market amid a mixed macro picture and high-interest rates, which could be making financing vehicles more expensive. Ford’s truck sales – which have been booming – could also be bottoming out. That being said, we think these issues are already priced into Ford stock, which remains down by about 25% since July and by over 55% since early 2022. Ford stock is trading at under 7x 2024 consensus earnings and revenue growth is projected to pick up in 2024, per consensus estimates. We value Ford stock at about $14 per share, which is over 25% ahead of the current market price. See our analysis on Ford Valuation: Expensive Or Cheap for more details on what’s driving our price estimate for Ford. For more information on Ford’s business model and revenue trends, check out our dashboard on Ford Revenue: How Ford Makes Money.
Returns Dec 2023
MTD [1] 2023
YTD [1] 2017-23
Total [2]
F Return 8% -5% -9%
S&P 500 Return 1% 20% 106%
Trefis Reinforced Value Portfolio 2% 31% 572%
[1] Month-to-date and year-to-date as of 12/12/2023
[2] Cumulative total returns since the end of 2016
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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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EV sales in the United States have actually held up pretty well this year, with over 1 million vehicles delivered over the last 11 months, up by about 51% versus 2022, driven in part by generous incentives from the Inflation Reduction Act. In fact, consistently beating the S&P 500 – in good times and bad – has been difficult over recent years for individual stocks; for heavyweights in the Consumer Discretionary sector including AMZN, TSLA, and HD, and even for the megacap stars GOOG, MSFT, and AAPL. Given the current uncertain macroeconomic environment with high oil prices and elevated interest rates, could F face a similar situation as it did in 2022 and 2023 and underperform the S&P over the next 12 months – or will it see a strong jump?
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Based on a memo sent to suppliers, reported by Automotive News, Ford plans to produce about 1,600 Lightning trucks weekly starting in January at its Rouge Electric Vehicle Center in Michigan, about half its 2024 weekly production target of 3,200 trucks. The news comes after the company’s Q3earnings call during which it indicated that it planned to adjust EV production and delay roughly $12 billion in investments amid softer demand for premium EVs. Total [2] F Return 8% -5% -9% S&P 500 Return 1% 20% 106% Trefis Reinforced Value Portfolio 2% 31% 572% [1] Month-to-date and year-to-date as of 12/12/2023 [2] Cumulative total returns since the end of 2016 Invest with Trefis Market-Beating Portfolios See all Trefis Price Estimates The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Based on a memo sent to suppliers, reported by Automotive News, Ford plans to produce about 1,600 Lightning trucks weekly starting in January at its Rouge Electric Vehicle Center in Michigan, about half its 2024 weekly production target of 3,200 trucks. This means that the electrification of the truck line-up remains crucial to Ford’s longer-term strategy and profitability and the recent setbacks for the F-150 EV are a bit concerning, indicating that customers are not yet ready for an electric pickup truck. Total [2] F Return 8% -5% -9% S&P 500 Return 1% 20% 106% Trefis Reinforced Value Portfolio 2% 31% 572% [1] Month-to-date and year-to-date as of 12/12/2023 [2] Cumulative total returns since the end of 2016 Invest with Trefis Market-Beating Portfolios See all Trefis Price Estimates The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Ford’s overall truck sales for Q3 stood at 275,554 units, a 15.3% year-over-year increase. However, the increase in F stock has been far from consistent. That being said, we think these issues are already priced into Ford stock, which remains down by about 25% since July and by over 55% since early 2022.
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2023-12-11 00:00:00 UTC
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Cathie Wood’s Playbook: 7 Stocks to Mimic Her Rate Hike Strategy
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https://www.nasdaq.com/articles/cathie-woods-playbook%3A-7-stocks-to-mimic-her-rate-hike-strategy
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Cathie Wood, the CEO of Ark Invest, is one of the most prominent investors in the innovation space. While her performance has varied widely over the years, I expect it to only improve when interest rates begin to pull back in the new year. That being said, let’s take a look at some of the top Cathie Wood stocks investors may want to consider.
Palantir (PLTR)
Source: Poetra.RH / Shutterstock.com
Palantir (NYSE:PLTR) constitutes about 1.19% of Ark Invest’s total holdings at the moment. That was after her funds picked up another 1.57 million shares, bringing the total PLTR holdings to 9.89 million.
Palantir has been having a great year. Earlier in the year, for example, the company posted its first quarter of profitability. That was a significant catalyst for the company and continues to propel it higher. Helping further, Palantir has invested heavily in artificial intelligence which, of course, has been the topic of the year. In other words, Palantir is well positioned at this time.
Tesla (TSLA)
Source: Khairil Azhar Junos/Shutterstock.com
Tesla (NASDAQ:TSLA) has been a big winner for ARK Invest and is among the top Cathie Wood stocks to consider. Over its lifetime, ARK Invest has spent $352 million buying Tesla’s shares and sold them for $990 million. That equates to a return of 181%.
Her firm has reduced its position by more than a million shares over the last two quarters. Especially with the EV sector facing substantial difficulties.
However, Tesla is focused on reducing prices to grab a larger market share. That said, there’s a logical argument to be made in favor of investing in Tesla at this time. The markets expect rate cuts beginning sometime in early 2024 which will reduce lending costs. In turn, that could spur rising demand for EVs overall.
Nvidia (NVDA)
Source: Evolf / Shutterstock.com
Wood, like many other investors, has found a winner in Nvidia (NASDAQ:NVDA). The average buying price at which her firm has acquired its shares is just above $81. Those shares currently trade for $475 a piece having multiplied in value several times over the past two years, making it another one of the top Cathie Wood stocks to consider.
ARK Invest has also sold Nvidia to make a profit. That doesn’t necessarily mean that other investors should follow suit. After all, there’s little reason to assume that Nvidia’s shares should pull back in 2024, especially with its newest chip being released. That should propel it higher and further cement its position as the leader in the artificial intelligence space.
UiPath (PATH)
Source: dennizn / Shutterstock.com
UiPath (NASDAQ:PATH) is an enterprise automation firm. Automation is one of the primary focus areas of innovation in general as firms of all sizes continue to push to reduce costs. The company sells a software platform that helps Enterprises automate their business processes.
It’s very clear to see why Wood and her firm have invested in UiPath. The firms that win in the race for automation, be it through software or hardware, are going to see strong demand. Firms of all sizes will pay a great deal of money in order not to pay the high costs of human labor.
UiPath Is the second largest holding within ARK Invest overall. It constitutes more than 7% of the firm’s entire holdings and the company owns more than 10% of UiPath’s total equity. That said, it hasn’t been a successful investment for ARK Invest to date.
The company has purchased those shares at a price very near $45 and they currently trade for roughly $23. To date, the investment has resulted in a 48% loss on a total investment valued at $2.13 billion.
Archer Aviation (ACHR)
Source: T. Schneider / Shutterstock.com
Archer Aviation (NYSE:ACHR) is one of the top “flying car” stocks to consider. Granted, it’s not making ‘flying cars’ per se. Instead, it is developing electric vertical takeoff and landing vehicles (eVTOLs) that look somewhat like a helicopter and are colloquially known as flying cars.
Wood and her company are substantial investors in Archer Aviation’s outstanding shares. Currently, ARK Invest owns 9.28% of Archer Aviation’s outstanding stock. To date, the investment has resulted in a 5.3% loss overall. ARK Invest substantially increased its position during the third quarter snatching up 14.6 million shares overall.
Investors looking to mimic the firm’s strategy should probably just establish a position at this time. The future of the company and the stock is very difficult to accurately assess. The company has forged relationships both on the private and public side. It secured investment from the US Military and major transportation firms including Stellantis (NYSE:STLA). What those Investments yield remains to be seen but those seeking innovation and its strong potential returns could do a lot worse than Archer Aviation.
Cameco (CCJ)
Source: shutterstock.com/RHJPhtotoandilustration
Cathie Wood’s recently bought $337,000 worth of Cameco (NYSE:CCJ) for about $35.37. Presently, those shares are worth $45.65. As many of you are aware, uranium is used in the production of nuclear power and is part of a broader innovation strategy aiming to reduce carbon emissions. It’s a powerful green energy idea. In addition, I fully expect uranium to get more attention as the world goes green.
Iridium Communications (IRDM)
Source: rafapress / Shutterstock.com
Iridium Communications (NASDAQ:IRDM) Is a telecommunications firm and stock that ARK Invest has been buying and selling since 2019. Most recently, the firm has upped its position over the second and third quarters of 2023.
Iridium Communications currently has more than 2.2 million customers and reported $197.6 million in revenue in the most recent quarter. However, the company did post a net loss of $1.64 million during the period. The company was profitable throughout 2022 which was marked by lower rates overall. Thus, it’s reasonable to anticipate that the company could again return to profitability in 2024 as rate cuts are enacted.
On the date of publication, Alex Sirois did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Alex Sirois is a freelance contributor to InvestorPlace whose personal stock investing style is focused on long-term, buy-and-hold, wealth-building stock picks. Having worked in several industries from e-commerce to translation to education and utilizing his MBA from George Washington University, he brings a diverse set of skills through which he filters his writing.
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The post Cathie Wood’s Playbook: 7 Stocks to Mimic Her Rate Hike Strategy 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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Having worked in several industries from e-commerce to translation to education and utilizing his MBA from George Washington University, he brings a diverse set of skills through which he filters his writing. More From InvestorPlace ChatGPT IPO Could Shock the World, Make This Move Before the Announcement Musk’s “Project Omega” May Be Set to Mint New Millionaires. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post Cathie Wood’s Playbook: 7 Stocks to Mimic Her Rate Hike Strategy appeared first on InvestorPlace.
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Palantir (PLTR) Source: Poetra.RH / Shutterstock.com Palantir (NYSE:PLTR) constitutes about 1.19% of Ark Invest’s total holdings at the moment. Cameco (CCJ) Source: shutterstock.com/RHJPhtotoandilustration Cathie Wood’s recently bought $337,000 worth of Cameco (NYSE:CCJ) for about $35.37. Iridium Communications (IRDM) Source: rafapress / Shutterstock.com Iridium Communications (NASDAQ:IRDM) Is a telecommunications firm and stock that ARK Invest has been buying and selling since 2019.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Cathie Wood, the CEO of Ark Invest, is one of the most prominent investors in the innovation space. Tesla (TSLA) Source: Khairil Azhar Junos/Shutterstock.com Tesla (NASDAQ:TSLA) has been a big winner for ARK Invest and is among the top Cathie Wood stocks to consider. Iridium Communications (IRDM) Source: rafapress / Shutterstock.com Iridium Communications (NASDAQ:IRDM) Is a telecommunications firm and stock that ARK Invest has been buying and selling since 2019.
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That being said, let’s take a look at some of the top Cathie Wood stocks investors may want to consider. Her firm has reduced its position by more than a million shares over the last two quarters. On the date of publication, Alex Sirois did not have (either directly or indirectly) any positions in the securities mentioned in this article.
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2023-12-11 00:00:00 UTC
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Berkshire Hathaway buys Occidental Petroleum shares worth about $588.7 mln
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https://www.nasdaq.com/articles/berkshire-hathaway-buys-occidental-petroleum-shares-worth-about-%24588.7-mln
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Dec 13 (Reuters) - Berkshire Hathaway BRKa.Nhas acquired nearly 10.5 million shares of Occidental Petroleum OXY.N so far this week for about $588.7 million, according to a filing at the U.S. Securities and Exchange Commission on Wednesday.
The purchases bring Berkshire's stake in Occidental to about 27%. The company also holds preferred shares and warrants to acquire another 83.8 million Occidental shares for $4.7 billion, or $56.62 apiece.
The shares and warrants were obtained as part of a deal that helped Occidental finance its 2019 purchase of Anadarko Petroleum. If exercised, the warrants would bring Berkshire's total ownership to 33%.
Occidental closed at $57.22 on Wednesday.
(Reporting by Anirudh Saligrama in Bengaluru; Editing by Sherry Jacob-Phillips and Sonia Cheema)
((Anirudh.Saligrama@thomsonreuters.com; @journoanirudh on Twitter;))
The views and 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 background in paragraphs 2-6 Dec 13 (Reuters) - Berkshire Hathaway BRKa.Nhas acquired nearly 10.5 million shares of Occidental Petroleum OXY.N so far this week for about $588.7 million, according to a filing at the U.S. Securities and Exchange Commission on Wednesday. The shares and warrants were obtained as part of a deal that helped Occidental finance its 2019 purchase of Anadarko Petroleum. (Reporting by Anirudh Saligrama in Bengaluru; Editing by Sherry Jacob-Phillips and Sonia Cheema) ((Anirudh.Saligrama@thomsonreuters.com; @journoanirudh on Twitter;)) The views and 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 background in paragraphs 2-6 Dec 13 (Reuters) - Berkshire Hathaway BRKa.Nhas acquired nearly 10.5 million shares of Occidental Petroleum OXY.N so far this week for about $588.7 million, according to a filing at the U.S. Securities and Exchange Commission on Wednesday. The purchases bring Berkshire's stake in Occidental to about 27%. The company also holds preferred shares and warrants to acquire another 83.8 million Occidental shares for $4.7 billion, or $56.62 apiece.
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Adds background in paragraphs 2-6 Dec 13 (Reuters) - Berkshire Hathaway BRKa.Nhas acquired nearly 10.5 million shares of Occidental Petroleum OXY.N so far this week for about $588.7 million, according to a filing at the U.S. Securities and Exchange Commission on Wednesday. The company also holds preferred shares and warrants to acquire another 83.8 million Occidental shares for $4.7 billion, or $56.62 apiece. The shares and warrants were obtained as part of a deal that helped Occidental finance its 2019 purchase of Anadarko Petroleum.
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Adds background in paragraphs 2-6 Dec 13 (Reuters) - Berkshire Hathaway BRKa.Nhas acquired nearly 10.5 million shares of Occidental Petroleum OXY.N so far this week for about $588.7 million, according to a filing at the U.S. Securities and Exchange Commission on Wednesday. The purchases bring Berkshire's stake in Occidental to about 27%. (Reporting by Anirudh Saligrama in Bengaluru; Editing by Sherry Jacob-Phillips and Sonia Cheema) ((Anirudh.Saligrama@thomsonreuters.com; @journoanirudh on Twitter;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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2023-12-11 00:00:00 UTC
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3 Biotech Stocks With Promising Pipelines and Big Growth Potential in 2024
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https://www.nasdaq.com/articles/3-biotech-stocks-with-promising-pipelines-and-big-growth-potential-in-2024
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
With such a high demand for items that can improve our longevity and health, biotechnology is at the forefront of today’s innovation. Biotech products allow us to better understand the human body and how we can improve functioning within the body. Unsurprisingly, these innovative technologies have developed wide consumer bases. They have also garnered consistent profitability and growth, creating an industry brimming with undercovered gems all investors practically salivate finsihed. This has led to several biotech stocks with promising pipelines.
Over the past five years, the biotech industry has had a CAGR of 7%, and by 2025 the biotech industry is expected to reach a valuation of 725 billion dollars. Of course, although the overall industry is growing quickly, not every individual stock is a prime candidate. As investors, we are always on the lookout to ensure each of our stock picks offers the most enticing and widespread products in today’s market. In this article, we will be highlighting three biotech stocks with promising pipelines and huge growth potential in the coming year.
Novo Nordisk A/S (NVO)
Source: joreks / Shutterstock.com
Novo Nordisk A/S (NYSE:NVO) is a dominant biotech company that has benefited millions of people living with serious chronic diseases. It does so by translating its unmet medical needs into innovative medicines and delivery systems. With such a strong consumer base, Yahoo Finance analysts estimate an optimistic one-year price range between a mean of $84.30 to a high of $125.48.
Looking at its financials, Novo Nordisk has displayed consistent past growth, with a current YoY revenue growth rate of 28.29%. This stands at a ~140% increase compared to its five-year average of 11.81%. Its YoY EBITDA growth rate, similarly, has increased ~138% from the five-year average of 12.14% to the current value of 28.92%.
Not only that, but Novo Nordisk has a lot of potential with the vast quantity of drugs it has in the pipeline. For example, it has two different drugs that have already been filed, one for Diabetes and one for Haemophilia. With an influx of recurring revenue sources here, alongside 10+ more drugs already in stage 3 of testing, NVO is no doubt in a prime position. This is true for any investor who is looking to add a promising biotech stock to their portfolio.
Vertex Pharmaceuticals (VRTX)
Source: Shutterstock
Vertex Pharmaceuticals (NASDAQ:VRTX) is a biotechnology company focused on developing innovative therapies for cystic fibrosis and other serious diseases. The stock is up more than 13% in the past year. Also, Yahoo Finance analysts estimate an average one-year price target of $371.72.
Since its establishment in 1989, the company has developed a wide range of drug offerings in its pipeline. Looking at its more recent R&D pipeline, we see drugs like Ivacaftor in Phase 4 getting ready for regulatory approval to treat symptoms of cystic fibrosis. With the use of CRISPR technology in its development, the company’s commitment to using cutting-edge technology to come up with innovative drugs will no doubt help it expand its consumer base into new demographics. This will also create new sources of recurring revenue. This is one of the top biotech stocks with promising pipelines on the market.
As for its financials, the company has high earnings growth potential, with EPS expected to hit $17.94 by the end of 2025. The company has a CAGR of around 10% from the current EPS of $13.47. There is an EV/EBIT ratio of 17.54 times compared to the sector median of 21.14 times. This means that the company is relatively undervalued and shows promising signs of return over the coming years.
Arcturus Therapeutics Holdings Inc. (ARCT)
Source: Billion Photos / Shutterstock
Arcturus Therapeutics Holdings Inc. (NASDAQ:ARCT) is a global late-stage clinical mRNA medicines and vaccines company. It is focused on discovering and developing new therapeutics to aid with certain rare diseases. Similar to NVO, Yahoo Finance analysts maintain a promising one-year price range estimate. The estimate is between a mean of $56.31 to a high of $140.00.
Arcturus Therapeutics’s current YoY revenue growth rate stands at an outstanding 475.22%. This is a roughly ~112% increase when compared to its five-year average. Similarly, both its EPS and free cash flow have been climbing upwards. It has been climbing at a rapid rate of 241% and 2000% respectively since 2019.
When we look at Arcturus’s product offerings, we see that it has found its place as a leader in a niche of specialized mRNA therapeutics. Using the LUNAR® platform, it has been targeting diseases from COVID-19 to even Cystic Fibrosis. For example, its ARCT-154 vaccine for COVID-19 has recently been approved by Japan’s Ministry of Health, Labour and Welfare. It has been approved as the first self-amplifying mRNA vaccine, and is bound to garner an even stronger consumer base. With outstanding historic performance and a promising forward-looking pipeline, Arcturus is a great pick for massive upcoming growth. When you start looking into biotech stocks with promising pipelines, start here.
On the date of publication, Ian Hartana and Vayun Chugh 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.
Chandler Capital is the work of Ian Hartana and Vayun Chugh. Ian Hartana and Vayun Chugh are both self-taught investors whose work has been featured in Seeking Alpha. Their research primarily revolves around GARP stocks with a long-term investment perspective encompassing diverse sectors such as technology, energy, and healthcare.
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The post 3 Biotech Stocks With Promising Pipelines and Big Growth Potential 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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Their research primarily revolves around GARP stocks with a long-term investment perspective encompassing diverse sectors such as technology, energy, and healthcare. More From InvestorPlace ChatGPT IPO Could Shock the World, Make This Move Before the Announcement Musk’s “Project Omega” May Be Set to Mint New Millionaires. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 Biotech Stocks With Promising Pipelines and Big Growth Potential in 2024 appeared first on InvestorPlace.
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Looking at its financials, Novo Nordisk has displayed consistent past growth, with a current YoY revenue growth rate of 28.29%. Vertex Pharmaceuticals (VRTX) Source: Shutterstock Vertex Pharmaceuticals (NASDAQ:VRTX) is a biotechnology company focused on developing innovative therapies for cystic fibrosis and other serious diseases. Arcturus Therapeutics Holdings Inc. (ARCT) Source: Billion Photos / Shutterstock Arcturus Therapeutics Holdings Inc. (NASDAQ:ARCT) is a global late-stage clinical mRNA medicines and vaccines company.
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In this article, we will be highlighting three biotech stocks with promising pipelines and huge growth potential in the coming year. Arcturus Therapeutics Holdings Inc. (ARCT) Source: Billion Photos / Shutterstock Arcturus Therapeutics Holdings Inc. (NASDAQ:ARCT) is a global late-stage clinical mRNA medicines and vaccines company. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 Biotech Stocks With Promising Pipelines and Big Growth Potential in 2024 appeared first on InvestorPlace.
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In this article, we will be highlighting three biotech stocks with promising pipelines and huge growth potential in the coming year. Looking at its financials, Novo Nordisk has displayed consistent past growth, with a current YoY revenue growth rate of 28.29%. Arcturus Therapeutics’s current YoY revenue growth rate stands at an outstanding 475.22%.
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2023-12-11 00:00:00 UTC
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MorphoSys To Issue 3.423 Mln New Shares At EUR 30/shr
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https://www.nasdaq.com/articles/morphosys-to-issue-3.423-mln-new-shares-at-eur-30-shr
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(RTTNews) - MorphoSys AG (MOR), a German biotech company, said on Thursday that it is raising its current share capital to 37.655 million euros from 34.231 million euros.
New shares numbering 3,423,194 have been placed with institutional investors at 30 euros per share by way of an accelerated book building, for gross proceeds of around 102.7 million euros.
The placement price represents a discount of 2.8 percent compared to the 5-day volume-weighted average price (XETRA) of the company's shares.
MorphoSys said that it aims to use the net proceeds to support the ongoing clinical development of key pipeline programs for regulatory approval, accelerate launch preparations for pelabresib in first-line myelofibrosis, and general corporate purposes.
The delivery and the first day of trading of the new shares is expected to occur on or around December 19, 2023.
The new shares will be admitted to trading on the Frankfurt Stock Exchange and carry full dividend rights as from January 1, 2023.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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MorphoSys said that it aims to use the net proceeds to support the ongoing clinical development of key pipeline programs for regulatory approval, accelerate launch preparations for pelabresib in first-line myelofibrosis, and general corporate purposes. The delivery and the first day of trading of the new shares is expected to occur on or around December 19, 2023. The new shares will be admitted to trading on the Frankfurt Stock Exchange and carry full dividend rights as from January 1, 2023.
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(RTTNews) - MorphoSys AG (MOR), a German biotech company, said on Thursday that it is raising its current share capital to 37.655 million euros from 34.231 million euros. New shares numbering 3,423,194 have been placed with institutional investors at 30 euros per share by way of an accelerated book building, for gross proceeds of around 102.7 million euros. The placement price represents a discount of 2.8 percent compared to the 5-day volume-weighted average price (XETRA) of the company's shares.
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(RTTNews) - MorphoSys AG (MOR), a German biotech company, said on Thursday that it is raising its current share capital to 37.655 million euros from 34.231 million euros. New shares numbering 3,423,194 have been placed with institutional investors at 30 euros per share by way of an accelerated book building, for gross proceeds of around 102.7 million euros. The views and 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) - MorphoSys AG (MOR), a German biotech company, said on Thursday that it is raising its current share capital to 37.655 million euros from 34.231 million euros. New shares numbering 3,423,194 have been placed with institutional investors at 30 euros per share by way of an accelerated book building, for gross proceeds of around 102.7 million euros. The placement price represents a discount of 2.8 percent compared to the 5-day volume-weighted average price (XETRA) of the company's shares.
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2023-12-11 00:00:00 UTC
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3 Companies Driving the Future of Electric Aviation
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https://www.nasdaq.com/articles/3-companies-driving-the-future-of-electric-aviation
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
It has become possible that electric aviation is a current reality, and it will change the air travel industry. The technological advances and environmental considerations in this area provide a very good investment opportunity. The electric aviation stocks have only started but provide opportunities to achieve sustainable growth. Something that is music to the ears of both environmentalists as well as investors.
Another area under development is flying stock cars, which are essentially vehicles that combine the ease associated with traveling on land. They also offer the fast pace associated with air transport. Electrical aviation transformation is very attractive. The concept can revolutionize not only our skies but also investment strategies as well. Innovation and ambition are pushing this sector through to a time of the future where the sky will only be the beginning.
As we witness this electrifying transformation, one can’t help but be captivated by the potential of electric aviation. This dynamic sector is charting a course toward a future where the sky is not the limit. Instead, it is the starting point.
Archer Aviation (ACHR)
Source: T. Schneider / Shutterstock.com
With an impressive 249% year-to-date return, Archer Aviation (NYSE:ACHR) is among the world’s first electric vertical takeoff and landing (eVTOL) aircraft pioneers. The rise shows a growing market for electric aviation stocks, specifically for companies such as Archer that lead the evolution of flying cars. Recently, the company had concluded a legal proceeding with Boeing Wisk, awarding it 13.2 million shares in warrants. Critically, this settlement involves an agreement on autonomy technology, which is a key element in the design of eVTOL.
Also, Archer contracts, which include the one with the U.S. Air Force, valued up to $142 million, are worth noting. With this agreement, the DoD states their serious concerns about applying eVTOL to military applications. For now, Archers’ Midnight plane, which has attained FAA certification, will be tested by means of warlike practices.
Additionally, Archer has received $215 million in terms of commitments from top organizations such as Stellantis, Boeing (NYSE:BA), and United Airlines (NASDAQ:UAL), among others. This investment reflects the faith that Archer can succeed in the electric aviation sector. In addition, the company’s disclosure of key figures about the business processes strengthens the trustworthiness of the business amid dynamic markets.
Joby Aviation (JOBY)
Source: T. Schneider / Shutterstock.com
The year-to-date return for Joby Aviation (NYSE:JOBY) is up by as much as 92%. Such growth shows that investors are now confident and interested in electric aviation stocks, especially those leading in the development of the industry, such as Joby.
As an example, Joby Aviation has made a partnership with two Japanese companies, namely ANA Holdings and Nomura Real Estate Development, in a bid to transform urban transport within Japan in this era. Joby’s partnership in this is geared towards developing vertiport infrastructure for air taxi services.
Furthermore, electric aviation witnessed another important event last month, as Joby Aviation made an exhibition flight over New York. The technology demonstrates the company’s capability and supports NYC’s objectives to integrate eVTOL into the transport grid. Ready for FAA certification and commercial passenger services by 2024/2025. This is a step promising affordable air travel as simple and cheap as a ridesharer, offering an original answer to urban mobility issues.
The stock performance of Joby Aviation tells about where the company is trying to move forward in the sphere of electric aviation. Investors’ enthusiasm for the stocks has been driven by its rapid growth. This marks a new phase in urban transport and places Job Aviation at the forefront of the emerging electric aviation wave.
EHang Holdings (EH)
Source: Toto Santiko Budi / Shutterstock.com
EHang Holdings (NASDAQ:EH), the first mover in electric aviation, has had a turbulent year, registering 73% YTD gains. The company has been leading the electrified aviation and flying car industries. It just brought out its Q3 results, indicating a sturdy market dominance.
Of particular note are the advancements in EHang Urban Air Mobility (UAM) initiatives. This includes the opening of its first European Centre for urban air mobility. This will further strengthen its dedication to transforming urban mobility.
Last October was a turning point for EHang, including key enhancements in the EH216-S Passenger-Carrying Unmanned Aerial Vehicle System. Additionally, its support plan demands a whopping $100 million in collaboration with the Hefei Municipal Government. This goes to show that it has been powerful in the low-altitude economy.
Importantly, EHang’s partnership with a South Korean investor, Lee Soo Man, will see the former invest $23 million in its advanced technology consumer authorization draw. Bringing AAT to its network is a strategic move by EHang. This aims to solidify its standing in the worldwide UAM industry, with particular attention on Asia Pacific.
Overall, EHang strives to revolutionize air mobility by offering affordable, safe, autonomous, and eco-friendly air travel. The company reimagines the urban sky with cutting-edge solutions in passenger transport, logistics, and aerial media.
As a leading trailblazer in the UAM sector, EHang continually redefines possibilities in aviation technology. This innovation brings the dream of urban air mobility closer to reality.
On the publication date, Faizan Farooque did not hold (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.
Faizan Farooque is a contributing author for InvestorPlace.com and numerous other financial sites. Faizan has several years of experience in analyzing the stock market and was a former data journalist at S&P Global Market Intelligence. His passion is to help the average investor make more informed decisions regarding their portfolio.
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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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Additionally, Archer has received $215 million in terms of commitments from top organizations such as Stellantis, Boeing (NYSE:BA), and United Airlines (NASDAQ:UAL), among others. As an example, Joby Aviation has made a partnership with two Japanese companies, namely ANA Holdings and Nomura Real Estate Development, in a bid to transform urban transport within Japan in this era. Importantly, EHang’s partnership with a South Korean investor, Lee Soo Man, will see the former invest $23 million in its advanced technology consumer authorization draw.
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Archer Aviation (ACHR) Source: T. Schneider / Shutterstock.com With an impressive 249% year-to-date return, Archer Aviation (NYSE:ACHR) is among the world’s first electric vertical takeoff and landing (eVTOL) aircraft pioneers. Joby Aviation (JOBY) Source: T. Schneider / Shutterstock.com The year-to-date return for Joby Aviation (NYSE:JOBY) is up by as much as 92%. EHang Holdings (EH) Source: Toto Santiko Budi / Shutterstock.com EHang Holdings (NASDAQ:EH), the first mover in electric aviation, has had a turbulent year, registering 73% YTD gains.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips It has become possible that electric aviation is a current reality, and it will change the air travel industry. Archer Aviation (ACHR) Source: T. Schneider / Shutterstock.com With an impressive 249% year-to-date return, Archer Aviation (NYSE:ACHR) is among the world’s first electric vertical takeoff and landing (eVTOL) aircraft pioneers. The stock performance of Joby Aviation tells about where the company is trying to move forward in the sphere of electric aviation.
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Such growth shows that investors are now confident and interested in electric aviation stocks, especially those leading in the development of the industry, such as Joby. The stock performance of Joby Aviation tells about where the company is trying to move forward in the sphere of electric aviation. Of particular note are the advancements in EHang Urban Air Mobility (UAM) initiatives.
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2023-12-11 00:00:00 UTC
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The 3 Most Undervalued Hydrogen Stocks to Buy in December
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https://www.nasdaq.com/articles/the-3-most-undervalued-hydrogen-stocks-to-buy-in-december
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Hydrogen stocks might not have been the best of performers during the year. However, it’s been a year of announcement in terms of some of the biggest hydrogen projects in the world. I would say that a strong stage is being set for stellar growth in the hydrogen economy beyond the current decade. Hence, this is why we made our list of undervalued hydrogen stocks.
To put things into perspective, more than 1,000 hydrogen projects have been announced globally. Of this, at least 795 are on course for full or partial deployment by 2030. Further, these projects involve an investment of $320 billion.
It’s clear from these facts that the hydrogen economy is at an inflection point. As construction is executed in various projects, the next few years will be characterized by robust revenue growth. It’s therefore a good time to consider exposure to some of the best and attractively valued hydrogen stocks.
Let’s discuss the reasons to be bullish on these three names from the perspective of value creation.
Linde (LIN)
Source: nitpicker / Shutterstock.com
Linde (NASDAQ:LIN) stock has been in an uptrend for year-to-date. I however believe that the 1.25% dividend yield stock remains attractively valued. With some ambitious hydrogen projects, Linde seems poised for healthy growth in the coming years.
As an overview, Linde is a leading industrial gases and engineering company. The company has been focusing on hydrogen projects. Linde is involved in the production, distribution and refueling of blue and green hydrogen.
Recently, Linde announced that it has increased the liquid hydrogen production capacity at Alabama to 30 tons per day of liquid hydrogen. Furthermore, the company has also proposed a $1 billion Arizona hydrogen project.
It’s worth noting that Linde has a strong balance sheet and high financial flexibility. Over the next decade, the company is targeting an investment of $50 billion in clean energy projects. I am therefore bullish on LIN stock as the hydrogen economy gets bigger in the coming years.
Air Products and Chemicals (APD)
Source: Andy Borysowski / Shutterstock.com
Air Products and Chemicals (NYSE:APD) stock is another blue-chip name that’s investing heavily in hydrogen projects. At a forward price-earnings ratio of 20.6, APD stock looks attractive and offers a dividend yield of 2.65%. It’s worth noting that the stock has been sideways in the last six months. I expect a breakout rally relatively soon.
Coming to investments, Air Products has committed $15 billion towards clean energy projects through 2027. The NEOM Green project is expected to be the world’s largest green hydrogen project. In the United States, Air Products has partnered with AES Corporation to build the largest green hydrogen facility. The company will also be building Europe’s largest blue hydrogen plant that will be commercialized by 2026.
The key point is that Air Product has some big investments in the pipeline. Furthermore, the company has high financial flexibility to execute the project on time. Big investments will translate into earnings growth and potential upside for APD stock. You can see why we put this on our list of undervalued hydrogen stocks.
Plug Power (PLUG)
Source: T. Schneider / Shutterstock.com
I have focused on blue-chip names among hydrogen stocks. However, investors with a high risk appetite can consider some exposure to Plug Power (NASDAQ:PLUG) stock. It’s worth noting that PLUG stock has plunged by 67% for year-to-date.
The reasons include reliance of potential hydrogen subsidies for growth. Further, financing ambitious growth plans and execution remains a question. However, if Plug Power can navigate through this headwind, the stock can be a five to 10-bagger. Therefore, some exposure makes sense at current levels of $3.9.
From a growth perspective, Plug Power expects revenue of $1.2 billion this year. The target is to achieve revenue of $6 billion and $20 billion respectively by 2027 and 2030. Of course, the target seems steep, but is not unrealistic considering the impending growth in the hydrogen economy. It however remains to be seen if Plug Power can execute the big plans. This easily earns its spot on our list of undervalued hydrogen stocks.
On the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector.
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The post The 3 Most Undervalued Hydrogen 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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In the United States, Air Products has partnered with AES Corporation to build the largest green hydrogen facility. More From InvestorPlace The #1 AI Investment Might Be This Company You’ve Never Heard Of Musk’s “Project Omega” May Be Set to Mint New Millionaires. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post The 3 Most Undervalued Hydrogen Stocks to Buy in December appeared first on InvestorPlace.
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Linde (LIN) Source: nitpicker / Shutterstock.com Linde (NASDAQ:LIN) stock has been in an uptrend for year-to-date. Air Products and Chemicals (APD) Source: Andy Borysowski / Shutterstock.com Air Products and Chemicals (NYSE:APD) stock is another blue-chip name that’s investing heavily in hydrogen projects. From a growth perspective, Plug Power expects revenue of $1.2 billion this year.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Hydrogen stocks might not have been the best of performers during the year. Air Products and Chemicals (APD) Source: Andy Borysowski / Shutterstock.com Air Products and Chemicals (NYSE:APD) stock is another blue-chip name that’s investing heavily in hydrogen projects. Plug Power (PLUG) Source: T. Schneider / Shutterstock.com I have focused on blue-chip names among hydrogen stocks.
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The company has been focusing on hydrogen projects. I am therefore bullish on LIN stock as the hydrogen economy gets bigger in the coming years. From a growth perspective, Plug Power expects revenue of $1.2 billion this year.
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2023-12-11 00:00:00 UTC
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After Starting Rough, Archer Aviation Stock (NYSE:ACHR) Can Spread Its Wings
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While advanced mobility discussions have largely centered on our roadways, the promise of electric vertical takeoff and landing (eVTOL) aircraft has drawn significant attention to sector player Archer Aviation (NYSE:ACHR). While the company got off to a rough start as a publicly-traded enterprise, Archer benefits from key advantages that could see it win in the competitive sphere. I am bullish on ACHR stock because it’s distinguishing itself from the rest of the pack.
ACHR Stock Enjoys Numerous Upside Opportunities
Primarily, the optimistic case for ACHR stock centers on the seemingly boundless upside opportunities available. According to one industry estimate by Global Market Estimates, the global eVTOL market size reached a valuation of $8.6 billion last year. By 2027, the sector could hit a valuation of $30.8 billion, representing a compound annual growth rate (CAGR) of 15.5% from 2022.
Of course, that’s not an exclusive benefit to ACHR stock. As competing enterprises in the air mobility industry demonstrated, more countries are tuning into the conveniences and reduced environmental impact of eVTOLs. However, it’s safe to say that whichever company establishes itself as a leader in the burgeoning arena would have a significant impact.
Subsequently, Archer Aviation deserves a much closer examination. Primarily, eVTOLs emit far less noisy sound emissions than helicopters. Per Archer’s website, its eVTOL aircraft incorporates a design such that noise reaching the ground from its cruising altitude of 2,000 feet will emit about 45 A-weighted decibels. That’s almost 100 times quieter than a helicopter, per the company’s claims.
For residents of major urban centers, replacing helicopters with eVTOLs would be a godsend. However, wishing such an event to materialize is obviously much different from seeing it come to fruition. For that, Archer has partnered with automaker Stellantis (NYSE:STLA), thereby fostering synergies as the two forge a pathway toward holistic electric mobility.
In addition, Archer received multi-million-dollar investments from major backers, including aerospace stalwart Boeing (NYSE:BA) and commercial carrier United Airlines (NASDAQ:UAL). With so much significant vested interest, that adds a layer of confidence for ACHR stock.
Mission-Focused Directive Distinguishes Archer
Another key advantage that can possibly boost ACHR stock for the long haul is its mission-focused directive. To be sure, the fact that electric power is on the road to replacing combustion-based air transportation brings with it multiple possibilities. However, Archer is avoiding the temptation of biting off more than it can chew, choosing to stay in its lane.
According to its website, Archer’s Midnight eVTOL aircraft features a range of up to 100 miles. At first glance, that might seem a disadvantage. Notably, Archer's rival Joby Aviation (NYSE:JOBY) features a range of more than 150 miles. It can also carry a maximum payload of 1,000 pounds.
However, Archer has a specific goal in mind: “transform inter-city travel, replacing 60-90 minute commutes by car that can take over an hour in traffic with ~10-20 minute electric air taxi flights that are safe, sustainable, low noise and cost competitive with ground transportation.”
Granted, that’s an ambitious undertaking. Still, with the focus centered on quick flights with minimal charging in between, Archer avoids unnecessary research and development to milk out performance metrics that extend beyond the Midnight’s core purpose.
Of course, any directive carries pros and cons. Nevertheless, given the many regulatory hurdles that the eVTOL sector must overcome – let alone consumer integration concerns – Archer’s focus on a specific segment of the eVTOL pie may actually mitigate risk.
Fundamentally, it just might not make sense to do more than is necessary in a nascent, frontier industry.
Finances Show That Archer is a Narrative Play
When it comes to the financial value of ACHR stock, it’s a matter of subjectivity. Currently, Archer is a pre-revenue enterprise. Also, it’s not entirely clear when it may become profitable. So, it doesn’t make a whole lot of sense to play the valuation game. Unfortunately, the nature of the beast is that you’ve got to bank on the narrative.
For that, Archer’s backing from major blue chips, along with its focused directive, may convince those on the sidelines to take a shot at ACHR stock. Still, nothing will take away from the reality that, at this moment, Archer is almost pure speculation. I would just argue that it’s rational speculation.
Is ACHR Stock a Buy, According to Analysts?
Turning to Wall Street, ACHR stock has a Strong Buy consensus rating based on four Buys, one Hold, and zero Sell ratings. The average ACHR stock price target is $8.13, implying 24.1% upside potential.
The Takeaway: ACHR Stock Offers a Smart Flight to Gamble On
Despite its pre-revenue status, Archer Aviation offers compelling growth potential as a key player in the booming eVTOL market. Its quieter aircraft, coupled with strategic partnerships with industry giants and a mission-oriented approach, attract investors seeking long-term gains. With analysts bullish and significant upside potential, ACHR is poised to soar alongside the eVTOL revolution.
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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While advanced mobility discussions have largely centered on our roadways, the promise of electric vertical takeoff and landing (eVTOL) aircraft has drawn significant attention to sector player Archer Aviation (NYSE:ACHR). In addition, Archer received multi-million-dollar investments from major backers, including aerospace stalwart Boeing (NYSE:BA) and commercial carrier United Airlines (NASDAQ:UAL). Still, with the focus centered on quick flights with minimal charging in between, Archer avoids unnecessary research and development to milk out performance metrics that extend beyond the Midnight’s core purpose.
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While advanced mobility discussions have largely centered on our roadways, the promise of electric vertical takeoff and landing (eVTOL) aircraft has drawn significant attention to sector player Archer Aviation (NYSE:ACHR). According to one industry estimate by Global Market Estimates, the global eVTOL market size reached a valuation of $8.6 billion last year. Mission-Focused Directive Distinguishes Archer Another key advantage that can possibly boost ACHR stock for the long haul is its mission-focused directive.
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While advanced mobility discussions have largely centered on our roadways, the promise of electric vertical takeoff and landing (eVTOL) aircraft has drawn significant attention to sector player Archer Aviation (NYSE:ACHR). Mission-Focused Directive Distinguishes Archer Another key advantage that can possibly boost ACHR stock for the long haul is its mission-focused directive. The Takeaway: ACHR Stock Offers a Smart Flight to Gamble On Despite its pre-revenue status, Archer Aviation offers compelling growth potential as a key player in the booming eVTOL market.
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That’s almost 100 times quieter than a helicopter, per the company’s claims. Of course, any directive carries pros and cons. Is ACHR Stock a Buy, According to Analysts?
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2023-12-11 00:00:00 UTC
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With BNPL Platforms Rising, PayPal Stock (NASDAQ:PYPL) Looks Undervalued
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https://www.nasdaq.com/articles/with-bnpl-platforms-rising-paypal-stock-nasdaq%3Apypl-looks-undervalued
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At one point in 2021, shares of PayPal (NASDAQ:PYPL) traded hands at over $300. However, with a price of around $62 at writing, it’s much more difficult to convince investors to take a stab at the digital payments specialist. Nevertheless, with buy now, pay later (BNPL) platforms rising in popularity, the relative discount in PYPL stock makes it a bullish idea worth considering.
PYPL Stock Enjoys a Possible Avenue for Relevance
During the initial fallout of the COVID-19 pandemic, many people turned to retail therapy – dubbed retail revenge – to help lift sunken moods. However, with the crisis fading rapidly, this consumer-focused phenomenon gave way to another: revenge travel. Suddenly, PayPal’s core business of digital payment services didn’t quite make sense, leading to a severe erosion of PYPL stock.
Factor in dramatically boosted competition in the broader payments ecosystem, and longtime stakeholders could only watch – if they didn’t dump shares themselves – as PYPL stock effectively collapsed. However, after the brutal beatdown, it’s possible that an avenue for reemerged relevance has materialized.
As TipRanks reporter Amit Singh mentioned, e-commerce spending during Black Friday increased by 7.5% to hit a record tally of $9.8 billion in the U.S. Obviously, this dynamic offers significant implications for PYPL stock. Moreover, The Wall Street Journal (WSJ) pointed out that the traditional start to the holiday shopping season was strong.
Still, the WSJ observed a wrinkle: it wasn’t just about consumers spending during a period of stubbornly high inflation and rising interest rates. Rather, people turned to BNPL apps and services to pay for their products. Increasingly, this payment methodology has garnered popularity by facilitating the breakdown of large payments across multiple installments.
To be sure, it would not be an easy feat for PayPal to break into the BNPL ecosystem. Yes, it already offers a BNPL service via its Pay in 4 directive. Unfortunately, though, the company was late to the party, with entities like Affirm (NASDAQ:AFRM) offering BNPL services last decade. Still, it’s better late than never.
PayPal’s Roadmap to BNPL Relevance
While it might be easy to dismiss PYPL stock, given its steep losses in the market since 2021 and its late entry into the BNPL ecosystem, from an optimistic framework, PayPal offers an underappreciated investment idea. Even better, the roadmap to relevance isn’t entirely speculative (though it obviously comes with risks).
As another WSJ article stated, in 2020, PayPal saw more than $20 billion worth of in-store volume across its payment types. That might sound like a lot. However, it’s a relative pittance compared to the nearly $1 trillion in total payment volume it posted during the aforementioned year. Still, the company has its foot wedged between the door and the frame.
Granted, competitors will be seeking to crush that foot. While some optimism for an economic recovery exists, other signals – such as the recent decline in luxury watch sales – suggest that the consumer discretionary market is waning. Therefore, rivalries may intensify for a possibly declining addressable market.
However, PYPL stock arguably deserves consideration. No, the underlying enterprise hasn’t always made the right decisions. However, we’re talking about a company that was founded in December 1998. According to some statistics, 431 million people use PayPal worldwide.
That’s a level of trust and brand recognition that BNPL up-and-comers can’t quite match.
Comparatively Undervalued
Currently, PYPL stock trades at 17.5x trailing-year earnings and 2.3x revenue. By themselves, these stats aren’t particularly remarkable. However, when stacked against a direct BNPL competitor like Affirm, it’s difficult not to notice the relative value proposition.
For one thing, Affirm posts net losses, so it’s impossible to make a trailing-earnings-based valuation comparison. As for sales, AFRM trades at a revenue multiple of 7.3x. If you’re going to speculate on a risky industry, you might as well gamble on the more credible and undervalued idea.
Is PYPL Stock a Buy, According to Analysts?
Turning to Wall Street, PYPL stock has a Moderate Buy consensus rating based on 20 Buys, 14 Holds, and zero Sell ratings. The average PYPL stock price target is $73.13, implying 20.4% upside potential.
The Takeaway: PYPL Stock May Be on a Comeback
Despite a tough 2021 and late entry into the BNPL market, PayPal's brand recognition, massive user base, and potential for BNPL integration make it a compelling investment. PYPL trades at a significant discount compared to BNPL rivals like Affirm, offering value for investors seeking long-term growth in the rapidly expanding BNPL space.
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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Suddenly, PayPal’s core business of digital payment services didn’t quite make sense, leading to a severe erosion of PYPL stock. Factor in dramatically boosted competition in the broader payments ecosystem, and longtime stakeholders could only watch – if they didn’t dump shares themselves – as PYPL stock effectively collapsed. As TipRanks reporter Amit Singh mentioned, e-commerce spending during Black Friday increased by 7.5% to hit a record tally of $9.8 billion in the U.S. Obviously, this dynamic offers significant implications for PYPL stock.
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Nevertheless, with buy now, pay later (BNPL) platforms rising in popularity, the relative discount in PYPL stock makes it a bullish idea worth considering. Unfortunately, though, the company was late to the party, with entities like Affirm (NASDAQ:AFRM) offering BNPL services last decade. The Takeaway: PYPL Stock May Be on a Comeback Despite a tough 2021 and late entry into the BNPL market, PayPal's brand recognition, massive user base, and potential for BNPL integration make it a compelling investment.
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PayPal’s Roadmap to BNPL Relevance While it might be easy to dismiss PYPL stock, given its steep losses in the market since 2021 and its late entry into the BNPL ecosystem, from an optimistic framework, PayPal offers an underappreciated investment idea. The Takeaway: PYPL Stock May Be on a Comeback Despite a tough 2021 and late entry into the BNPL market, PayPal's brand recognition, massive user base, and potential for BNPL integration make it a compelling investment. PYPL trades at a significant discount compared to BNPL rivals like Affirm, offering value for investors seeking long-term growth in the rapidly expanding BNPL space.
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Unfortunately, though, the company was late to the party, with entities like Affirm (NASDAQ:AFRM) offering BNPL services last decade. PayPal’s Roadmap to BNPL Relevance While it might be easy to dismiss PYPL stock, given its steep losses in the market since 2021 and its late entry into the BNPL ecosystem, from an optimistic framework, PayPal offers an underappreciated investment idea. The Takeaway: PYPL Stock May Be on a Comeback Despite a tough 2021 and late entry into the BNPL market, PayPal's brand recognition, massive user base, and potential for BNPL integration make it a compelling investment.
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2023-12-11 00:00:00 UTC
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Celestica, Inc. Shares Climb 1.1% Past Previous 52-Week High - Market Mover
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Celestica, Inc. (CLS) shares closed 1.1% higher than its previous 52 week high, giving the company a market cap of $3B. The stock is currently up 149.8% year-to-date, up 147.1% over the past 12 months, and up 201.1% 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 66.3% 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 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 677.8%
The company's stock price performance over the past 12 months beats the peer average by 1042.6%
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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Celestica, Inc. (CLS) shares closed 1.1% 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 1.4. This story was produced by the Kwhen Automated News Generator.
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Celestica, Inc. (CLS) shares closed 1.1% 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 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 677.8% The company's stock price performance over the past 12 months beats the peer average by 1042.6%
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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 677.8% The company's stock price performance over the past 12 months beats the peer average by 1042.6% 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 66.3% 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 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 677.8% The company's stock price performance over the past 12 months beats the peer average by 1042.6%
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2023-12-11 00:00:00 UTC
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FOCUS-Europe's stock exchanges face calls to reform fees to challenge Wall St
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By Sinead Cruise, Huw Jones and Samuel Indyk
LONDON, Dec 14 (Reuters) - Top stock exchange operators in Europe are under pressure from some investors and brokers to trim and simplify their fees to build a deeper capital market that challenges Wall Street's allure to new company listings.
The European Union has long sought to make its fragmented capital markets more efficient, with Britain also trying to find new ways to attract big-ticket IPOs since Brexit.
And while there has always been a healthy tension between exchanges and their users over fees, more than 10 brokers, investors and analysts interviewed by Reuters said Europe's main operators now needed to act to entice investments.
"If you can improve or reduce the costs of execution in the market, then that has a huge effect potentially on boosting turnover and investability," said Ben Springett, head of European electronic and program trading at Jefferies JEF.N.
Illustrating the problems facing Europe, the Association for Financial Markets in Europe (AFME) said IPO issuance in the region fell 72% year-on-year to a record low in the first half of 2023, and was headed for the lowest annual issuance volume since 2011.
Britain's biggest chip company ARM ARM.O opted to IPO in New York this year after building supplies firm CRH CRH.N shifted its main listing to the United States.
Meanwhile, a BMLL Technologies study shows notional U.S. trading volumes grew more than 2.5 times the European rate between 2018 and 2023.
Market liquidity is a critical consideration when choosing an IPO venue, with healthy trading volumes offering ideal conditions, said Nate Palmer, President of investment and trading platform Moomoo Financial Inc.
But complex and varied fees are "major disincentives to invest for many middle-class and working-class Europeans," said Samuel Gregg, a Political Economy fellow at the American Institute for Economic Research, as many see the market "as a rich person's game".
The operators argue their fees are already straightforward, with Deutsche Boerse's Head of Market Analytics and Pricing Andreas Heuer saying its model is "quite simple".
Euronext ENX.PA, which operates exchanges in Paris, Amsterdam, Brussels, Lisbon, Dublin, Oslo and Milan, has already made progress in simplifying fees, said Simon Gallagher, Head of Global Sales for Euronext and CEO of Euronext London.
And a spokesperson for London Stock Exchange Group LSEG.L said standard pricing on its primary exchange was publicly available and based on value traded within a banded structure.
AUCTIONS
Fees during closing auctions, a key trading window that only primary exchanges can operate, are under particular scrutiny. These bring buyers and sellers together in the final five minutes of the day, establishing a final price for stocks.
Aquis Exchange AQX.L estimates around 2 trillion euros ($2.2 trillion) of trading takes place annually in Europe during closing auctions, which are "particularly lucrative" for primary exchanges.
While popular among exchange-traded funds and other investors needing official end-of-day prices to rebalance and value portfolios, the higher fees are making some high-turnover, low margin hedge fund strategies increasingly unviable on some European markets, sources told Reuters.
Data from Rosenblatt Securities showed a record 17.4% of total European equity trading took place during closing auctions in September, while intraday volumes are falling, accounting for about 33% of volumes.
Euronext's Gallagher said it charged a very small number of clients higher fees to trade in closing auctions compared with the rest of the trading session.
SIX Swiss Exchange, which runs the Swiss and Spanish bourses, also charges more during closing auctions. Joerg Schneider, spokesperson for the firm said they were "an important liquidity event" with "a relevant weight of daily trading volumes executed during the window allowing members to benefit from enhanced liquidity".
Reuters was unable to determine which, or how many, SIX or Euronext users were subject to higher charges.
A paper published in June by the University of Melbourne, supported by the Plato Partnership of asset managers and broker-dealers, said closing auction fees on primary exchanges ranged from 0.2bps to 0.95bps, with some also charging a fixed 'per message' fee.
While they do not impose closing auction surcharges, LSEG and Deutsche BoerseDB1Gn.DE could offer clearer structures to attract more investors and support liquidity, sources said.
Thomson Reuters, the owner of Reuters News, has been a shareholder in LSEG since 2021. LSEG also pays Reuters for news.
A spokesperson for the World Federation of Exchanges said "complexities of price structures vary significantly and are influenced by a multitude of factors".
AFME declined to comment. Britain's Financial Conduct Authority did not respond to a request for comment.
While others like Aquis and the Chicago Board Options Exchange CBOE.Z have launched alternatives to closing auctions, liquidity and execution can be less predictable.
Users of these alternatives, known as Multilateral Trading Facilities (MTFs), could pay fees of between 0.075bps and 0.3bps, or a monthly subscription, the University of Melbourne study found.
While MTFs had grown quickly since the pandemic, they still only accounted for between 5.5%-8.5% of on-venue trading activity during the close, said Will Hadfield, European Market Structure Analyst at Rosenblatt Securities.
"If you need to sell 5 million euros of BMW stock, you might want the certainty you're going to get the transaction done so you stick it in the closing auction on Deutsche Boerse."
European trading costs are often higher and more complex because exchange groups and clearing houses face duplicate regulatory, real estate and tech expenses in the countries they operate in, sources said, making change harder.
"When you consider what drives healthy markets, competition and so on, these situations don't help," Springett said.
($1 = 0.9168 euros)
Continuous lit trading volumes https://tmsnrt.rs/3T4ZMKk
Closing auction volumes https://tmsnrt.rs/3Gmff0M
Trading volumes https://tmsnrt.rs/3NofAEd
(Additional reporting by Pablo Mayo Cerqueiro and Lawrence White in London, and Vidya Ranganathan in Singapore; Editing by Alexander Smith)
((sinead.cruise@thomsonreuters.com; 020 7513 5026; Reuters Messaging: sinead.cruise.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Sinead Cruise, Huw Jones and Samuel Indyk LONDON, Dec 14 (Reuters) - Top stock exchange operators in Europe are under pressure from some investors and brokers to trim and simplify their fees to build a deeper capital market that challenges Wall Street's allure to new company listings. But complex and varied fees are "major disincentives to invest for many middle-class and working-class Europeans," said Samuel Gregg, a Political Economy fellow at the American Institute for Economic Research, as many see the market "as a rich person's game". European trading costs are often higher and more complex because exchange groups and clearing houses face duplicate regulatory, real estate and tech expenses in the countries they operate in, sources said, making change harder.
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Aquis Exchange AQX.L estimates around 2 trillion euros ($2.2 trillion) of trading takes place annually in Europe during closing auctions, which are "particularly lucrative" for primary exchanges. While they do not impose closing auction surcharges, LSEG and Deutsche BoerseDB1Gn.DE could offer clearer structures to attract more investors and support liquidity, sources said. ($1 = 0.9168 euros) Continuous lit trading volumes https://tmsnrt.rs/3T4ZMKk Closing auction volumes https://tmsnrt.rs/3Gmff0M Trading volumes https://tmsnrt.rs/3NofAEd (Additional reporting by Pablo Mayo Cerqueiro and Lawrence White in London, and Vidya Ranganathan in Singapore; Editing by Alexander Smith) ((sinead.cruise@thomsonreuters.com; 020 7513 5026; Reuters Messaging: sinead.cruise.thomsonreuters.com@reuters.net)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Sinead Cruise, Huw Jones and Samuel Indyk LONDON, Dec 14 (Reuters) - Top stock exchange operators in Europe are under pressure from some investors and brokers to trim and simplify their fees to build a deeper capital market that challenges Wall Street's allure to new company listings. Aquis Exchange AQX.L estimates around 2 trillion euros ($2.2 trillion) of trading takes place annually in Europe during closing auctions, which are "particularly lucrative" for primary exchanges. ($1 = 0.9168 euros) Continuous lit trading volumes https://tmsnrt.rs/3T4ZMKk Closing auction volumes https://tmsnrt.rs/3Gmff0M Trading volumes https://tmsnrt.rs/3NofAEd (Additional reporting by Pablo Mayo Cerqueiro and Lawrence White in London, and Vidya Ranganathan in Singapore; Editing by Alexander Smith) ((sinead.cruise@thomsonreuters.com; 020 7513 5026; Reuters Messaging: sinead.cruise.thomsonreuters.com@reuters.net)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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And while there has always been a healthy tension between exchanges and their users over fees, more than 10 brokers, investors and analysts interviewed by Reuters said Europe's main operators now needed to act to entice investments. Fees during closing auctions, a key trading window that only primary exchanges can operate, are under particular scrutiny. Data from Rosenblatt Securities showed a record 17.4% of total European equity trading took place during closing auctions in September, while intraday volumes are falling, accounting for about 33% of volumes.
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a4306fe0-264a-4d26-a233-59a62402dd00
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713542.0
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2023-12-11 00:00:00 UTC
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LyondellBasell (LYB) Advanced Recycling Chosen for EU Fund
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https://www.nasdaq.com/articles/lyondellbasell-lyb-advanced-recycling-chosen-for-eu-fund
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LyondellBasell Industries N.V. LYB has been chosen to receive a grant of €40 million from the European Union ("EU") Innovation Fund. The grant will help fund the company's fully-electrified, industrial-scale advanced recycling demonstration plant in Wesseling, Germany. The company's MoReTec plant was chosen as one of 41 projects in the EU Innovation Fund's 'Third Call for Large Scale Projects.' The EU is committing €3.6 billion to fund innovative clean-tech projects to aid in decarbonization.
LyondellBasell will gain valuable operational experience and additional technological know-how by investing in the first industrial-scale advanced recycling demonstration plant, which will allow it to scale up and fully commercialize its MoReTec technology.
The MoReTec technology developed by the company demonstrates a high level of innovation in the recycling of polyolefin waste to produce pyrolysis oil and pyrolysis gas. Pyrolysis oil can be used in place of fossil-based materials in the production of polymers. Usually pyrolysis gas streams are consumed as fuel. However, the MoReTec technology allows the pyrolysis gas to be recovered as well, contributing to polymer production and displacing fossil-based feedstocks, lowering CO2 emissions.
The technology incorporates electrification of the core reaction process, allowing the unit to run entirely on renewable energy. Scalable single train design, low operating temperatures due to catalyst use and innovative heat transfer design are additional benefits of this differential technology. These benefits enable the MoReTec technology to achieve high plastic-to-plastic conversion rates, thereby increasing the circularity of plastic waste.
Shares of LyondellBasell have gained 15.4% over the past year against 11.4% decline of its industry.
Image Source: Zacks Investment Research
The company, on its third-quarter call, said that it anticipates seasonally lower demand across most industries in the fourth quarter. Higher feedstock costs, new industry capacity and slowing Chinese demand growth continue to put pressure on global olefins and polyolefins margins. Following the end of the summer driving season, oxyfuels and refining margins are projected to fall.
Nonetheless, oxyfuel margins are expected to remain significantly higher than historical averages. LyondellBasell plans to operate its assets in line with market demand during the fourth quarter, with average operating rates of 85% for North American olefins and polyolefins (O&P) assets, 75% for European O&P assets and 70% for Intermediates & Derivatives assets.
LyondellBasell Industries N.V. Price and Consensus
LyondellBasell Industries N.V. price-consensus-chart | LyondellBasell Industries N.V. Quote
Zacks Rank & Key Picks
LyondellBasell currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the basic materials space include Denison Mines Corp. DNN, Axalta Coating Systems Ltd. AXTA and Hawkins, Inc. HWKN.
Denison Mines has a projected earnings growth rate of 100% for the current year. It currently carries a Zacks Rank #1 (Strong Buy). DNN delivered a trailing four-quarter earnings surprise of roughly 225%, on average. The stock is up around 61.3% in a year. You can see the complete list of today’s Zacks #1 Rank stocks here.
Axalta has a projected earnings growth rate of 5.4% for the current year. It currently carries a Zacks Rank #1. AXTA delivered a trailing four-quarter earnings surprise of roughly 6.7%, on average. The stock is up around 24.7% in a year.
Hawkins has a projected earnings growth rate of 21% for the current year. It currently carries a Zacks Rank #2 (Buy). Hawkins delivered a trailing four-quarter earnings surprise of roughly 27.5%, on average. HWKN shares are up around 67% in a year.
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
LyondellBasell Industries N.V. (LYB) : Free Stock Analysis Report
Denison Mine Corp (DNN) : Free Stock Analysis Report
Axalta Coating Systems Ltd. (AXTA) : Free Stock Analysis Report
Hawkins, Inc. (HWKN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Image Source: Zacks Investment Research The company, on its third-quarter call, said that it anticipates seasonally lower demand across most industries in the fourth quarter. Higher feedstock costs, new industry capacity and slowing Chinese demand growth continue to put pressure on global olefins and polyolefins margins. 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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LyondellBasell Industries N.V. Price and Consensus LyondellBasell Industries N.V. price-consensus-chart | LyondellBasell Industries N.V. Quote Zacks Rank & Key Picks LyondellBasell currently carries a Zacks Rank #3 (Hold). Better-ranked stocks in the basic materials space include Denison Mines Corp. DNN, Axalta Coating Systems Ltd. AXTA and Hawkins, Inc. HWKN. Click to get this free report LyondellBasell Industries N.V. (LYB) : Free Stock Analysis Report Denison Mine Corp (DNN) : Free Stock Analysis Report Axalta Coating Systems Ltd. (AXTA) : Free Stock Analysis Report Hawkins, Inc. (HWKN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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LyondellBasell will gain valuable operational experience and additional technological know-how by investing in the first industrial-scale advanced recycling demonstration plant, which will allow it to scale up and fully commercialize its MoReTec technology. LyondellBasell Industries N.V. Price and Consensus LyondellBasell Industries N.V. price-consensus-chart | LyondellBasell Industries N.V. Quote Zacks Rank & Key Picks LyondellBasell currently carries a Zacks Rank #3 (Hold). Click to get this free report LyondellBasell Industries N.V. (LYB) : Free Stock Analysis Report Denison Mine Corp (DNN) : Free Stock Analysis Report Axalta Coating Systems Ltd. (AXTA) : Free Stock Analysis Report Hawkins, Inc. (HWKN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The MoReTec technology developed by the company demonstrates a high level of innovation in the recycling of polyolefin waste to produce pyrolysis oil and pyrolysis gas. The stock is up around 61.3% in a year. The stock is up around 24.7% in a year.
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4b0ae66a-eef3-432d-9b34-f9b6e4fb30eb
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713543.0
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2023-12-11 00:00:00 UTC
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3 Best Stocks to Buy Now, 12/14/2023, According to Top Analysts
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https://www.nasdaq.com/articles/3-best-stocks-to-buy-now-12-14-2023-according-to-top-analysts
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Which stocks are best to buy now? According to Top Wall Street Analysts, the three stocks listed below are Strong Buys. Each stock received a new Buy rating recently and has a significant upside as well.
To find more stocks like these, take a look at TipRanks’ Analyst Top Stocks tool. It shows you a real-time list of all stocks that have been recently rated by Top-ranking Analysts.
Here are today’s top stock picks, according to analysts. Click on any ticker to thoroughly research the stock before you decide whether to add it to your portfolio.
Krystal Biotech (NASDAQ:KRYS) – This is a gene therapy company that develops novel treatments for skin diseases. Yesterday, Cantor Fitzgerald analyst Joshua Schimmer reiterated a Buy rating on the stock with a price target of $180. Interestingly, all three Top Analysts who rated the stock gave it a Buy. Collectively, their 12-month price targets imply an upside of nearly 43%.
Clean Energy Fuels Corp. (NASDAQ:CLNE) – Clean Energy Fuels is a renewable energy company. Yesterday, Lake Street analyst Robert Brown reiterated a Buy rating on the stock with a price target of $22. Interestingly, four out of the five Top Analysts who recently rated the stock gave it a Buy. Taken together, their 12-month price targets imply an upside of about 170%.
Syndax Pharmaceuticals (NASDAQ:SNDX) – This is a clinical-stage oncology company that develops therapies for acute leukemias and chronic graft-versus-host disease. Yesterday, Scotiabank Analyst George Farmer reiterated a Buy rating on the stock with a price target of $36 per share. In the last three months, all eight Top Analysts covering the stock have rated it a Buy. Collectively, their 12-month price targets imply an upside of nearly 83%.
Who are the Top Analysts?
TipRanks ranks financial analysts according to the success rates of their ratings and the average return on each of their ratings. The Top Analysts have each earned a five-star ranking, thanks to the accuracy and profitability of their ratings over time.
See real-time analyst rankings and learn more about the performance of Top Analysts on TipRanks’ Top Wall Street Analysts page.
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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Yesterday, Cantor Fitzgerald analyst Joshua Schimmer reiterated a Buy rating on the stock with a price target of $180. Yesterday, Lake Street analyst Robert Brown reiterated a Buy rating on the stock with a price target of $22. Syndax Pharmaceuticals (NASDAQ:SNDX) – This is a clinical-stage oncology company that develops therapies for acute leukemias and chronic graft-versus-host disease.
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Clean Energy Fuels Corp. (NASDAQ:CLNE) – Clean Energy Fuels is a renewable energy company. Yesterday, Lake Street analyst Robert Brown reiterated a Buy rating on the stock with a price target of $22. See real-time analyst rankings and learn more about the performance of Top Analysts on TipRanks’ Top Wall Street Analysts page.
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Yesterday, Cantor Fitzgerald analyst Joshua Schimmer reiterated a Buy rating on the stock with a price target of $180. Yesterday, Lake Street analyst Robert Brown reiterated a Buy rating on the stock with a price target of $22. See real-time analyst rankings and learn more about the performance of Top Analysts on TipRanks’ Top Wall Street Analysts page.
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Interestingly, all three Top Analysts who rated the stock gave it a Buy. Who are the Top Analysts? See real-time analyst rankings and learn more about the performance of Top Analysts on TipRanks’ Top Wall Street Analysts page.
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b1f3772d-82f1-4645-af6f-344ff1ef7ed2
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713544.0
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2023-12-11 00:00:00 UTC
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Best Growth Stocks to Buy for December 14th
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https://www.nasdaq.com/articles/best-growth-stocks-to-buy-for-december-14th-1
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Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, December 14:
Griffon GFF: This company which provides consumer, professional, home, and building products carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 13.5% over the last 60 days.
Griffon Corporation Price and Consensus
Griffon Corporation price-consensus-chart | Griffon Corporation Quote
Griffon has a PEG ratio of 0.68 compared with 0.69 for the industry. The company possesses a Growth Score of A.
Griffon Corporation PEG Ratio (TTM)
Griffon Corporation peg-ratio-ttm | Griffon Corporation Quote
Brinker International, Inc. EAT: This casual dining restaurant company carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.9% over the last 60 days.
Brinker International, Inc. Price and Consensus
Brinker International, Inc. price-consensus-chart | Brinker International, Inc. Quote
Brinker International has a PEG ratio of 0.69 compared with 2.42 for the industry. The company possesses a Growth Score of A.
Brinker International, Inc. PEG Ratio (TTM)
Brinker International, Inc. peg-ratio-ttm | Brinker International, Inc. Quote
Everest Group, Ltd. EG: This company that provides reinsurance and insurance products carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.8% over the last 60 days.
Everest Group, Ltd. Price and Consensus
Everest Group, Ltd. price-consensus-chart | Everest Group, Ltd. Quote
Assurant has a PEG ratio of 0.19 comparedwith 0.77 for the industry. The company possesses a Growth Score of B.
Everest Group, Ltd. PEG Ratio (TTM)
Everest Group, Ltd. peg-ratio-ttm | Everest Group, Ltd. Quote
See the full list of top ranked stocks here.
Learn more about the Growth score and how it is calculated here.
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
Brinker International, Inc. (EAT) : Free Stock Analysis Report
Griffon Corporation (GFF) : Free Stock Analysis Report
Everest Group, Ltd. (EG) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, December 14: Griffon GFF: This company which provides consumer, professional, home, and building products carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 13.5% over the last 60 days. The New Gold Rush: How Lithium Batteries Will Make Millionaires As the electric vehicle revolution expands, investors have a chance to target huge gains. Download the brand-new FREE report revealing 5 EV battery stocks set to soar.
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The company possesses a Growth Score of A. Griffon Corporation PEG Ratio (TTM) Griffon Corporation peg-ratio-ttm | Griffon Corporation Quote Brinker International, Inc. EAT: This casual dining restaurant company carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.9% over the last 60 days. The company possesses a Growth Score of A. Brinker International, Inc. PEG Ratio (TTM) Brinker International, Inc. peg-ratio-ttm | Brinker International, Inc. Quote Everest Group, Ltd. EG: This company that provides reinsurance and insurance products carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.8% over the last 60 days. Click to get this free report Brinker International, Inc. (EAT) : Free Stock Analysis Report Griffon Corporation (GFF) : Free Stock Analysis Report Everest Group, Ltd. (EG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The company possesses a Growth Score of A. Griffon Corporation PEG Ratio (TTM) Griffon Corporation peg-ratio-ttm | Griffon Corporation Quote Brinker International, Inc. EAT: This casual dining restaurant company carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.9% over the last 60 days. The company possesses a Growth Score of A. Brinker International, Inc. PEG Ratio (TTM) Brinker International, Inc. peg-ratio-ttm | Brinker International, Inc. Quote Everest Group, Ltd. EG: This company that provides reinsurance and insurance products carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.8% over the last 60 days. Click to get this free report Brinker International, Inc. (EAT) : Free Stock Analysis Report Griffon Corporation (GFF) : Free Stock Analysis Report Everest Group, Ltd. (EG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The company possesses a Growth Score of A. Griffon Corporation PEG Ratio (TTM) Griffon Corporation peg-ratio-ttm | Griffon Corporation Quote Brinker International, Inc. EAT: This casual dining restaurant company carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.9% over the last 60 days. The company possesses a Growth Score of A. Brinker International, Inc. PEG Ratio (TTM) Brinker International, Inc. peg-ratio-ttm | Brinker International, Inc. Quote Everest Group, Ltd. EG: This company that provides reinsurance and insurance products carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.8% over the last 60 days. Click to get this free report Brinker International, Inc. (EAT) : Free Stock Analysis Report Griffon Corporation (GFF) : Free Stock Analysis Report Everest Group, Ltd. (EG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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713545.0
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2023-12-11 00:00:00 UTC
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Got $1,000? 4 Stocks to Buy Now While They're on Sale.
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https://www.nasdaq.com/articles/got-%241000-4-stocks-to-buy-now-while-theyre-on-sale.
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Even though stocks have rallied this year, many still trade at bargain prices. In fact, even some of this year's gainers offer you plenty of bang for your buck today -- like track records of growth and bright long-term earnings prospects. These players often are high-quality companies that have long been at the top of investors' "buy lists."
Here's even more good news. With $1,000, you can buy some shares of three major consumer goods companies and one up-and-coming player that recently reached the milestone of profitability -- and with a smaller investment, you can scoop up a share of each or make a bigger bet on each one. Let's take a closer look at four exciting stocks to invest in while they're on sale.
Image source: Getty Images.
1. Alphabet
Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) is the market leader in something we use every day: internet searches. Its Google search tool has held a 90% share of the market over time, and it's unlikely that will change any time soon for two reasons.
First, internet users are used to "Googling" something when they need information, so it would be difficult for a rival to change those habits. Second, Alphabet has invested in artificial intelligence (AI) to make its search capabilities even better.
And speaking of AI, the company recently introduced its most powerful AI model ever, Gemini. It's starting to roll out this tool across its products and right now is experimenting with it in Search.
Alphabet also is growing its cloud service, which reported a double-digit increase in revenue in the recent quarter. The company's focus on AI should boost this business over time, too.
Right now, Alphabet shares trade for only 23x forward earnings estimates -- even after this year's gains.
2. Chewy
Chewy (NYSE: CHWY) is the younger player I was talking about. This e-commerce pet supplies shop reached the big milestone of profitability last year and has continued to grow revenue this year, despite a difficult economic environment.
What's key is that Chewy customers keep coming back -- and are spending more and more. The company offers an Autoship service that automatically reorders and sends your favorite products to you. This service continues to grow and represents more than 76% of Chewy's overall net sales. What I like about Autoship is it shows us customer trends, offering visibility into future revenue.
In addition, there may be another growth catalyst just ahead. The company recently expanded into Canada -- a country where it sees significant opportunity -- and says customer demand has been high.
Chewy shares have declined this year, and the stock is trading at 36x forward earnings estimates. This is a reasonable price for a young, high-growth company.
3. Carnival
Carnival (NYSE: CCL) (NYSE: CUK) shares have climbed this year but are still well below their pre-pandemic levels. At the same time, the company has been managing its recovery from coronavirus shutdowns well and is even reporting impressive levels of growth.
CCL data by YCharts.
First, a bit about recovery. After the pandemic temporarily halted cruises, Carnival built up $34 billion in debt. But the company's efforts to cut costs -- like shifting to more fuel-efficient ships -- have been bearing fruit, and a sharp increase in cruise demand has helped, too.
Carnival paid down almost $4 billion in debt this year, and thanks to growing adjusted free cash flow, it can progressively lower debt in the months and years to come. The results of recent quarters offer us reason to be optimistic. In the third quarter, revenue hit an all-time high -- and the advanced booking position for 2024 cruises surpassed historic highs.
Even though Carnival shares have performed well in recent times, they still trade at 1.1x sales, lower than their pre-pandemic level by this measure.
4. Apple
Apple (NASDAQ: AAPL) has a solid earnings track record, growing everything from profit to return on invested capital over the years. The popularity of Apple's products hasn't let up, and the company continues to not only keep users loyal but also to attract new customers. In the most recent quarter, half of Mac and iPad purchases were made by customers new to those particular products.
And thanks to these products, Apple has built up a second major revenue stream: services. The company now has more than 1 billion paid subscribers -- and it offers them a vast range of services from digital content to payment tools. This generates revenue for Apple, and in the most recent quarter, this services revenue has reached a record high.
There's reason to be optimistic about products and services revenue continuing to grow over time -- products, thanks to Apple's strong brand and innovation, and services, due to the number of people using Apple devices. That's why the stock looks dirt cheap at 29x forward earnings estimates and makes a top investment right now.
Should you invest $1,000 in Alphabet right now?
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The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Alphabet wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
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Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Adria Cimino has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Apple, and Chewy. The Motley Fool recommends Carnival Corp. 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 fact, even some of this year's gainers offer you plenty of bang for your buck today -- like track records of growth and bright long-term earnings prospects. But the company's efforts to cut costs -- like shifting to more fuel-efficient ships -- have been bearing fruit, and a sharp increase in cruise demand has helped, too. The company now has more than 1 billion paid subscribers -- and it offers them a vast range of services from digital content to payment tools.
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With $1,000, you can buy some shares of three major consumer goods companies and one up-and-coming player that recently reached the milestone of profitability -- and with a smaller investment, you can scoop up a share of each or make a bigger bet on each one. There's reason to be optimistic about products and services revenue continuing to grow over time -- products, thanks to Apple's strong brand and innovation, and services, due to the number of people using Apple devices. Before you buy stock in Alphabet, 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 Alphabet wasn't one of them.
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With $1,000, you can buy some shares of three major consumer goods companies and one up-and-coming player that recently reached the milestone of profitability -- and with a smaller investment, you can scoop up a share of each or make a bigger bet on each one. There's reason to be optimistic about products and services revenue continuing to grow over time -- products, thanks to Apple's strong brand and innovation, and services, due to the number of people using Apple devices. Before you buy stock in Alphabet, 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 Alphabet wasn't one of them.
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Apple Apple (NASDAQ: AAPL) has a solid earnings track record, growing everything from profit to return on invested capital over the years. Before you buy stock in Alphabet, 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 Alphabet wasn't one of them. The Motley Fool has positions in and recommends Alphabet, Apple, and Chewy.
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22e08ad0-9e4c-4306-ad96-ef6befda10cc
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713546.0
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2023-12-11 00:00:00 UTC
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U.S. Steel (X) Surges 6.1%: Is This an Indication of Further Gains?
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https://www.nasdaq.com/articles/u.s.-steel-x-surges-6.1%3A-is-this-an-indication-of-further-gains
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United States Steel (X) shares ended the last trading session 6.1% higher at $38.59. 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 5.8% gain over the past four weeks.
U.S. Steel’s stock popped on CNBC reports that it has received several acquisition bids above $40 per share including a bid from Cleveland-Cliffs.
This steel maker is expected to post quarterly earnings of $0.19 per share in its upcoming report, which represents a year-over-year change of -78.2%. Revenues are expected to be $3.87 billion, down 10.7% 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 U.S. Steel, the consensus EPS estimate for the quarter has been revised 19.6% 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 X 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 >>>>
U.S. Steel is part of the Zacks Steel - Producers industry. Commercial Metals (CMC), another stock in the same industry, closed the last trading session 2.6% higher at $47.28. CMC has returned -0.2% in the past month.
For Commercial Metals, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.52. This represents a change of -32.1% from what the company reported a year ago. Commercial Metals currently has a Zacks Rank of #3 (Hold).
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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
United States Steel Corporation (X) : Free Stock Analysis Report
Commercial Metals Company (CMC) : 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 steel maker is expected to post quarterly earnings of $0.19 per share in its upcoming report, which represents a year-over-year change of -78.2%. For Commercial Metals, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.52. 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 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 >>>> U.S. Steel is part of the Zacks Steel - Producers industry. Click to get this free report United States Steel Corporation (X) : Free Stock Analysis Report Commercial Metals Company (CMC) : 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 >>>> U.S. Steel is part of the Zacks Steel - Producers industry. Click to get this free report United States Steel Corporation (X) : Free Stock Analysis Report Commercial Metals Company (CMC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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This steel maker is expected to post quarterly earnings of $0.19 per share in its upcoming report, which represents a year-over-year change of -78.2%. For Commercial Metals, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.52. Click to get this free report United States Steel Corporation (X) : Free Stock Analysis Report Commercial Metals Company (CMC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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bc71d38b-874e-415e-9487-2363f2aa4910
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713547.0
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2023-12-11 00:00:00 UTC
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Air France-KLM forecasts pick up in margins for 2026-28
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https://www.nasdaq.com/articles/air-france-klm-forecasts-pick-up-in-margins-for-2026-28
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By Joanna Plucinska
LONDON, Dec 14 (Reuters) - Air France-KLM AIR.PA on Thursday forecast a pick up in operating margin for 2026-28 ahead of an investor day in Paris, predicting results would improve by 2 billion euros ($2.2 billion) over the next five years and sending its shares higher.
The company said its operating margin would reach 8% or more in 2026-2028, up from its 2024-26 target of 7-8%.
That would be driven by cost reductions and an improvement in cash flow, the airline said in a statement. It also confirmed its target for sustainable aviation fuel use by 2030.
Its shares rose 5% when the market opened.
European airlines have reported strong results in recent quarters on the back of robust post-pandemic travel demand that has withstood economic uncertainty and geopolitical instability.
"We are now well positioned to accelerate further and capture the full potential of our Group's assets to deliver sustained and more profitable growth," said Chief Executive Ben Smith.
The airline added that it would continue to invest in fleet renewal while confirming its outlook for 2024-26, with expected expenditure of 3-3.5 billion euros per year in that period, and up to 3.8 billion in 2027-28.
($1 = 0.9186 euros)
(Reporting by Joanna Plucinska Editing by Jason Neely and Mark Potter)
((Joanna.Plucinska@thomsonreuters.com; 00447721669853; Reuters Messaging: @joannaplucinska))
The views and 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 Joanna Plucinska LONDON, Dec 14 (Reuters) - Air France-KLM AIR.PA on Thursday forecast a pick up in operating margin for 2026-28 ahead of an investor day in Paris, predicting results would improve by 2 billion euros ($2.2 billion) over the next five years and sending its shares higher. European airlines have reported strong results in recent quarters on the back of robust post-pandemic travel demand that has withstood economic uncertainty and geopolitical instability. "We are now well positioned to accelerate further and capture the full potential of our Group's assets to deliver sustained and more profitable growth," said Chief Executive Ben Smith.
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By Joanna Plucinska LONDON, Dec 14 (Reuters) - Air France-KLM AIR.PA on Thursday forecast a pick up in operating margin for 2026-28 ahead of an investor day in Paris, predicting results would improve by 2 billion euros ($2.2 billion) over the next five years and sending its shares higher. The airline added that it would continue to invest in fleet renewal while confirming its outlook for 2024-26, with expected expenditure of 3-3.5 billion euros per year in that period, and up to 3.8 billion in 2027-28. ($1 = 0.9186 euros) (Reporting by Joanna Plucinska Editing by Jason Neely and Mark Potter) ((Joanna.Plucinska@thomsonreuters.com; 00447721669853; Reuters Messaging: @joannaplucinska)) The views and 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 Joanna Plucinska LONDON, Dec 14 (Reuters) - Air France-KLM AIR.PA on Thursday forecast a pick up in operating margin for 2026-28 ahead of an investor day in Paris, predicting results would improve by 2 billion euros ($2.2 billion) over the next five years and sending its shares higher. The airline added that it would continue to invest in fleet renewal while confirming its outlook for 2024-26, with expected expenditure of 3-3.5 billion euros per year in that period, and up to 3.8 billion in 2027-28. ($1 = 0.9186 euros) (Reporting by Joanna Plucinska Editing by Jason Neely and Mark Potter) ((Joanna.Plucinska@thomsonreuters.com; 00447721669853; Reuters Messaging: @joannaplucinska)) The views and 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 Joanna Plucinska LONDON, Dec 14 (Reuters) - Air France-KLM AIR.PA on Thursday forecast a pick up in operating margin for 2026-28 ahead of an investor day in Paris, predicting results would improve by 2 billion euros ($2.2 billion) over the next five years and sending its shares higher. The company said its operating margin would reach 8% or more in 2026-2028, up from its 2024-26 target of 7-8%. That would be driven by cost reductions and an improvement in cash flow, the airline said in a statement.
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7b99a9e3-fe9e-40d3-be5f-960116db87d4
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713548.0
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2023-12-11 00:00:00 UTC
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BP Claws Back $40 Mln In Pay From Former CEO Citing Serious Misconduct
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DCOMP
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https://www.nasdaq.com/articles/bp-claws-back-%2440-mln-in-pay-from-former-ceo-citing-serious-misconduct
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(RTTNews) - BP Plc said it has forfeited a maximum of 32.43 million pounds or $40.59 million in potential remuneration from former CEO Bernard Looney after the British energy major determined that he knowingly misled the board regarding his personal relationships with colleagues.
In a statement, BP said that Looney has been dismissed without notice effective on December 13, and that he will not receive any further salary, pension allowance or benefits from the date of his dismissal. He will also not be paid any annual bonus in respect of the financial year 2023.
BP said, "Following careful consideration, the board has concluded that, in providing inaccurate and incomplete assurances in July 2022, Mr Looney knowingly misled the board. The board has determined that this amounts to serious misconduct.... This decision had the effect of bringing Mr Looney's 12 month notice period to an immediate end."
It was in mid September that BP announced the resignation of Looney with immediate effect over allegations about personal relationships with company colleagues.
In 2022, the board had sought assurances regarding disclosure of his past personal relationships with colleagues and his future behaviour, to which Looney gave these assurances in July 2022.
Looney then disclosed a small number of historical relationships with colleagues prior to becoming CEO. But the company had not found any breach of code of conduct then.
In his September 2023 notification to the company, Looney informed that he had not been fully transparent in those assurances. Following this, BP had launched a probe on the allegations related to Looney's conduct.
BP now announced that as per the clawback in respect of the period from July 2022, Looney will be required to repay 50 percent of the cash portion of the annual bonus paid to him in respect of the financial year 2022; and he will forfeit 6/36ths of his award of shares that vested in August 2023 from the three-year 2020-2022 performance share plan under the Executive Directors' Incentive Plan or EDIP.
The company noted that 87 percent of the total maximum value of 32.43 million pounds is automatically forfeited as a result of Looney's resignation with immediate effect on September 12.
Further, 10 percent results from the board's decision that he should be dismissed following serious misconduct and the further 3 percent has been clawed back at the discretion of the board.
Following his resignation in September, BP appointed its CFO, Murray Auchincloss, as interim chief executive, and Kate Thomson as its Interim Chief Financial Officer.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It was in mid September that BP announced the resignation of Looney with immediate effect over allegations about personal relationships with company colleagues. BP now announced that as per the clawback in respect of the period from July 2022, Looney will be required to repay 50 percent of the cash portion of the annual bonus paid to him in respect of the financial year 2022; and he will forfeit 6/36ths of his award of shares that vested in August 2023 from the three-year 2020-2022 performance share plan under the Executive Directors' Incentive Plan or EDIP. The company noted that 87 percent of the total maximum value of 32.43 million pounds is automatically forfeited as a result of Looney's resignation with immediate effect on September 12.
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BP said, "Following careful consideration, the board has concluded that, in providing inaccurate and incomplete assurances in July 2022, Mr Looney knowingly misled the board. It was in mid September that BP announced the resignation of Looney with immediate effect over allegations about personal relationships with company colleagues. The company noted that 87 percent of the total maximum value of 32.43 million pounds is automatically forfeited as a result of Looney's resignation with immediate effect on September 12.
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(RTTNews) - BP Plc said it has forfeited a maximum of 32.43 million pounds or $40.59 million in potential remuneration from former CEO Bernard Looney after the British energy major determined that he knowingly misled the board regarding his personal relationships with colleagues. It was in mid September that BP announced the resignation of Looney with immediate effect over allegations about personal relationships with company colleagues. BP now announced that as per the clawback in respect of the period from July 2022, Looney will be required to repay 50 percent of the cash portion of the annual bonus paid to him in respect of the financial year 2022; and he will forfeit 6/36ths of his award of shares that vested in August 2023 from the three-year 2020-2022 performance share plan under the Executive Directors' Incentive Plan or EDIP.
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(RTTNews) - BP Plc said it has forfeited a maximum of 32.43 million pounds or $40.59 million in potential remuneration from former CEO Bernard Looney after the British energy major determined that he knowingly misled the board regarding his personal relationships with colleagues. It was in mid September that BP announced the resignation of Looney with immediate effect over allegations about personal relationships with company colleagues. Further, 10 percent results from the board's decision that he should be dismissed following serious misconduct and the further 3 percent has been clawed back at the discretion of the board.
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b5ceb584-a500-4482-ac63-396688aa1920
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713549.0
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2023-12-11 00:00:00 UTC
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Model N (MODN) Surges 5.3%: Is This an Indication of Further Gains?
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DCOMP
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https://www.nasdaq.com/articles/model-n-modn-surges-5.3%3A-is-this-an-indication-of-further-gains
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Model N (MODN) shares ended the last trading session 5.3% higher at $23.59. 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 5.8% loss over the past four weeks.
Model N is increasingly benefiting from solid growth opportunities in the revenue management market, as it continues to replace legacy processes that are labor intensive, error prone, inflexible and costly. Its cloud-based revenue management solutions are well suited to address the unique needs of industries that possess shorter product lifecycles, require strict compliance & regulatory controls and feature higher volumes of transactional data. The company’s solutions provide higher Return on Investment (ROI) as well as plug gaps in the end-to-end revenue management process that legacy systems fail to do.
This provider of revenue management services to the life science and technology industries is expected to post quarterly earnings of $0.29 per share in its upcoming report, which represents a year-over-year change of +26.1%. Revenues are expected to be $62.12 million, up 5% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Model N, the consensus EPS estimate for the quarter has been revised 220% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on MODN 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 >>>>
Model N is a member of the Zacks Internet - Software industry. One other stock in the same industry, Paylocity (PCTY), finished the last trading session 5.1% higher at $161.87. PCTY has returned 2.7% over the past month.
For Paylocity, the consensus EPS estimate for the upcoming report has changed -0.5% over the past month to $1.21. This represents a change of +8% from what the company reported a year ago. Paylocity currently has a Zacks Rank of #3 (Hold).
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
Model N, Inc. (MODN) : Free Stock Analysis Report
Paylocity Holding Corporation (PCTY) : 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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Model N is increasingly benefiting from solid growth opportunities in the revenue management market, as it continues to replace legacy processes that are labor intensive, error prone, inflexible and costly. Its cloud-based revenue management solutions are well suited to address the unique needs of industries that possess shorter product lifecycles, require strict compliance & regulatory controls and feature higher volumes of transactional data. This provider of revenue management services to the life science and technology industries is expected to post quarterly earnings of $0.29 per share in its upcoming report, which represents a year-over-year change of +26.1%.
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You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Model N is a member of the Zacks Internet - Software industry. For Paylocity, the consensus EPS estimate for the upcoming report has changed -0.5% over the past month to $1.21. Click to get this free report Model N, Inc. (MODN) : Free Stock Analysis Report Paylocity Holding Corporation (PCTY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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This provider of revenue management services to the life science and technology industries is expected to post quarterly earnings of $0.29 per share in its upcoming report, which represents a year-over-year change of +26.1%. 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. Click to get this free report Model N, Inc. (MODN) : Free Stock Analysis Report Paylocity Holding Corporation (PCTY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The company’s solutions provide higher Return on Investment (ROI) as well as plug gaps in the end-to-end revenue management process that legacy systems fail to do. This provider of revenue management services to the life science and technology industries is expected to post quarterly earnings of $0.29 per share in its upcoming report, which represents a year-over-year change of +26.1%. For Paylocity, the consensus EPS estimate for the upcoming report has changed -0.5% over the past month to $1.21.
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04dd34cd-c970-4699-ae0b-794c624987ab
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713550.0
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2023-12-11 00:00:00 UTC
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Shares in media giant Vivendi surge on break-up and spin-off plans
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https://www.nasdaq.com/articles/shares-in-media-giant-vivendi-surge-on-break-up-and-spin-off-plans
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Updates shares in paragraph 2, adds background, analyst comment in 3-7, Bollore holding shares in 9
PARIS, Dec 14 (Reuters) - Shares in Vivendi VIV.PA surged on Thursday after the French media giant said it would examine splitting up into several entities, each of which would be listed on the stock market.
Vivendi shares were up 8.3% to 9.70 euros at 0844 GMT in heavy volumes, with the gains adding about 764 million euros ($833 million) to its market value, taking it to about 9.9 billion euros.
Vivendi said the businesses that could be spun off included its TV unit Canal Plus, advertising arm Havas, taken private by Vivendi in 2017, and an investment company holding its stake in French publisher and retailer Lagardere LAGA.PA.
The break-up would increase the valuation of the spun-off units by removing a conglomerate discount and open up M&A opportunities, according to J.P. Morgan analysts, who flagged Havas as an attractive bid target that could trade at a premium.
In October, Vivendi reported a rise in its third quarter revenues, driven by growth at Canal Plus and Havas.
Shares in Bollore BOLL.PA, the holding company of French billionaire Vincent Bollore which is Vivendi's biggest shareholder, rose 3.1%.
"The proposal unlocks value while at the same time making it easier ... for Bollore to increase its stakes in the operating assets ... at some point in the future," said the J.P. Morgan analysts, who expect the split process to take up to a year.
"It also means that Bollore does not need to pay a premium for non-operating assets that it does not see as strategic," they added.
($1 = 0.9176 euros)
(Reporting by Sudip Kar-Gupta, Danilo Masoni and Piotr Lipinski Editing by Mark Potter)
((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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The break-up would increase the valuation of the spun-off units by removing a conglomerate discount and open up M&A opportunities, according to J.P. Morgan analysts, who flagged Havas as an attractive bid target that could trade at a premium. In October, Vivendi reported a rise in its third quarter revenues, driven by growth at Canal Plus and Havas. "The proposal unlocks value while at the same time making it easier ... for Bollore to increase its stakes in the operating assets ... at some point in the future," said the J.P. Morgan analysts, who expect the split process to take up to a year.
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Updates shares in paragraph 2, adds background, analyst comment in 3-7, Bollore holding shares in 9 PARIS, Dec 14 (Reuters) - Shares in Vivendi VIV.PA surged on Thursday after the French media giant said it would examine splitting up into several entities, each of which would be listed on the stock market. Vivendi shares were up 8.3% to 9.70 euros at 0844 GMT in heavy volumes, with the gains adding about 764 million euros ($833 million) to its market value, taking it to about 9.9 billion euros. Shares in Bollore BOLL.PA, the holding company of French billionaire Vincent Bollore which is Vivendi's biggest shareholder, rose 3.1%.
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Updates shares in paragraph 2, adds background, analyst comment in 3-7, Bollore holding shares in 9 PARIS, Dec 14 (Reuters) - Shares in Vivendi VIV.PA surged on Thursday after the French media giant said it would examine splitting up into several entities, each of which would be listed on the stock market. Vivendi shares were up 8.3% to 9.70 euros at 0844 GMT in heavy volumes, with the gains adding about 764 million euros ($833 million) to its market value, taking it to about 9.9 billion euros. Vivendi said the businesses that could be spun off included its TV unit Canal Plus, advertising arm Havas, taken private by Vivendi in 2017, and an investment company holding its stake in French publisher and retailer Lagardere LAGA.PA.
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Vivendi shares were up 8.3% to 9.70 euros at 0844 GMT in heavy volumes, with the gains adding about 764 million euros ($833 million) to its market value, taking it to about 9.9 billion euros. The break-up would increase the valuation of the spun-off units by removing a conglomerate discount and open up M&A opportunities, according to J.P. Morgan analysts, who flagged Havas as an attractive bid target that could trade at a premium. Shares in Bollore BOLL.PA, the holding company of French billionaire Vincent Bollore which is Vivendi's biggest shareholder, rose 3.1%.
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6aa19e48-e36b-4447-a850-b13569a484fa
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713551.0
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2023-12-11 00:00:00 UTC
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Bull of the Day: Constellation Energy Corporation (CEG)
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https://www.nasdaq.com/articles/bull-of-the-day%3A-constellation-energy-corporation-ceg
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Constellation Energy Corporation CEG is a Zacks Rank #1 (Strong Buy) stock, and a compelling standout in the Utilities sector because of its exposure to nuclear energy. Furthermore, analysts are forecasting very strong long-term EPS share growth, which combined with its historically discounted valuation makes it a top-tier investment consideration.
Company Summary
Constellation Energy Corporation is the country’s leading producer of carbon-free energy, powering 20 million homes and making up 10% of the nation’s renewable electricity. Through its diversified energy assets, including nuclear, hydro, wind, and solar generation facilities it is leading the industry in the transition to renewable utilities.
Constellation as set ambitious goals intending to produce 95% carbon-free electricity by 2030, 100% carbon-free electricity by 2040, a 100% reduction of operations-driven emissions by 2040 and providing 100 percent of business customers with customized data to help them reduce their own carbon footprints.
Earnings Estimates
Analysts have been steadily revising earnings estimates over the last five months, giving it a top Zacks rank, and powering a 36% YTD return. Current quarter earnings estimates have been revised higher by 28% and are expected to climb 1,500% YoY to $1.64 per share. FY23 earnings estimates have increased by 34% and are projected to climb to $7.44 per share.
Image Source: Zacks Investment Research
Valuation
Even with the strong appreciation in the stock, CEG still boasts a very fair relative valuation. It is currently trading at a one year forward earnings multiple of 15.4x, below the industry average of 17.2x, and below its two-year median of 20.3x.
Additionally, with EPS forecast to grow an average 26.3% annually over the next 3-5 years, CEG also enjoys a bargain PEG ratio. Considering the growth estimates and earnings multiple its PEG ratio is 0.58x, indicating a value investing opportunity.
Image Source: Zacks Investment Research
Bottom Line
For investors looking to add exposure to alternative energy stocks, Constellation Energy Corporation is a worthy consideration. Its ambitious and innovative vision, along with its reasonable valuation and strong growth estimates also make it a unique option in the utilities sector.
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
Constellation Energy Corporation (CEG) : 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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Furthermore, analysts are forecasting very strong long-term EPS share growth, which combined with its historically discounted valuation makes it a top-tier investment consideration. Through its diversified energy assets, including nuclear, hydro, wind, and solar generation facilities it is leading the industry in the transition to renewable utilities. 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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Constellation Energy Corporation CEG is a Zacks Rank #1 (Strong Buy) stock, and a compelling standout in the Utilities sector because of its exposure to nuclear energy. Image Source: Zacks Investment Research Bottom Line For investors looking to add exposure to alternative energy stocks, Constellation Energy Corporation is a worthy consideration. Click to get this free report Constellation Energy Corporation (CEG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Constellation Energy Corporation CEG is a Zacks Rank #1 (Strong Buy) stock, and a compelling standout in the Utilities sector because of its exposure to nuclear energy. Earnings Estimates Analysts have been steadily revising earnings estimates over the last five months, giving it a top Zacks rank, and powering a 36% YTD return. Image Source: Zacks Investment Research Bottom Line For investors looking to add exposure to alternative energy stocks, Constellation Energy Corporation is a worthy consideration.
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Constellation Energy Corporation CEG is a Zacks Rank #1 (Strong Buy) stock, and a compelling standout in the Utilities sector because of its exposure to nuclear energy. Company Summary Constellation Energy Corporation is the country’s leading producer of carbon-free energy, powering 20 million homes and making up 10% of the nation’s renewable electricity. Considering the growth estimates and earnings multiple its PEG ratio is 0.58x, indicating a value investing opportunity.
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4e86389c-104d-4ef1-bd7f-94a94374e662
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713552.0
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2023-12-11 00:00:00 UTC
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Capital One Financial Corp. Shares Climb 3.2% Past Previous 52-Week High - Market Mover
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DCOMP
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https://www.nasdaq.com/articles/capital-one-financial-corp.-shares-climb-3.2-past-previous-52-week-high-market-mover
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nan
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nan
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Capital One Financial Corp. (COF) shares closed 3.2% higher than its previous 52 week high, giving the company a market cap of $47B. The stock is currently up 37.7% year-to-date, up 29.5% over the past 12 months, and up 70.9% 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 47.5% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.5.
Technical Indicators
The Relative Strength Index (RSI) on the stock was 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 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 233.3%
The company's stock price performance over the past 12 months beats the peer average by 289.4%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 8.3% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Capital One Financial Corp. (COF) shares closed 3.2% higher than its previous 52 week high, giving the company a market cap of $47B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.5. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 233.3% The company's stock price performance over the past 12 months beats the peer average by 289.4% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 8.3% higher than the average peer.
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Capital One Financial Corp. (COF) shares closed 3.2% higher than its previous 52 week high, giving the company a market cap of $47B. 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 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 233.3% The company's stock price performance over the past 12 months beats the peer average by 289.4% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 8.3% higher than the average peer.
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Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 233.3% The company's stock price performance over the past 12 months beats the peer average by 289.4% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 8.3% higher than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This week, the Dow Jones Industrial Average rose 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 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 233.3% The company's stock price performance over the past 12 months beats the peer average by 289.4% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 8.3% higher than the average peer.
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0808ca1b-1614-40c7-8a0d-6754a33cf6e5
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713553.0
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2023-12-11 00:00:00 UTC
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Strength Seen in L3Harris (LHX): Can Its 3.9% Jump Turn into More Strength?
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DCOMP
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https://www.nasdaq.com/articles/strength-seen-in-l3harris-lhx%3A-can-its-3.9-jump-turn-into-more-strength
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nan
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nan
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L3Harris (LHX) shares soared 3.9% in the last trading session to close at $208.08. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 6.8% gain over the past four weeks.
The recent uptick in the share price of L3Harris Technologies can be attributed to the detailed financial objectives that the company showcased at its latest Investor Day. LHX has announced its aim to drive operational improvements for enhancing productivity, reduce expenses, drive margin expansion and generate strong cash flow.
This technology and communications company is expected to post quarterly earnings of $3.30 per share in its upcoming report, which represents a year-over-year change of +0.9%. Revenues are expected to be $5.19 billion, up 13.4% 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 L3Harris, the consensus EPS estimate for the quarter has been revised marginally lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on LHX 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 >>>>
L3Harris is part of the Zacks Aerospace - Defense industry. Northrop Grumman (NOC), another stock in the same industry, closed the last trading session 1.2% higher at $485.01. NOC has returned 2.7% in the past month.
Northrop Grumman's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $5.77. Compared to the company's year-ago EPS, this represents a change of -23.1%. Northrop Grumman currently boasts a Zacks Rank of #3 (Hold).
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L3Harris Technologies Inc (LHX) : Free Stock Analysis Report
Northrop Grumman Corporation (NOC) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The recent uptick in the share price of L3Harris Technologies can be attributed to the detailed financial objectives that the company showcased at its latest Investor Day. This technology and communications company is expected to post quarterly earnings of $3.30 per share in its upcoming report, which represents a year-over-year change of +0.9%. 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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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. Northrop Grumman's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $5.77. Click to get this free report L3Harris Technologies Inc (LHX) : Free Stock Analysis Report Northrop Grumman Corporation (NOC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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This technology and communications company is expected to post quarterly earnings of $3.30 per share in its upcoming report, which represents a year-over-year change of +0.9%. 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. Click to get this free report L3Harris Technologies Inc (LHX) : Free Stock Analysis Report Northrop Grumman Corporation (NOC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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This technology and communications company is expected to post quarterly earnings of $3.30 per share in its upcoming report, which represents a year-over-year change of +0.9%. Northrop Grumman's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $5.77. Want the latest recommendations from Zacks Investment Research?
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1d1d9c68-4b50-48d7-9957-99d305cf040a
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713554.0
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2023-12-11 00:00:00 UTC
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Venezuela, Guyana presidents to meet amid territorial dispute
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DCOMP
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https://www.nasdaq.com/articles/venezuela-guyana-presidents-to-meet-amid-territorial-dispute
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nan
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CARACAS, Dec 14 (Reuters) - Venezuela's President Nicolas Maduro is expected in Saint Vincent and the Grenadines on Thursday to meet with Guyanese President Irfaan Ali, amid high tensions over a dispute involving a potentially oil-rich border area.
Disagreement over the 160,000-square-km (62,000-square-mile) jungle region of Esequibo has run for decades, but Venezuela revived its claim, including to offshore areas, in recent years after major oil and gas discoveries.
The dispute is before the International Court of Justice, though a final ruling could be years away. Voters in Venezuela this month rejected the court's jurisdiction and backed the creation of a new state in a referendum.
Guyana has questioned the vote's turn-out and said its land border is not up for discussion, while political analysts in Caracas have said the vote was an attempt by Maduro to gauge support for his government ahead of 2024 presidential elections, and not a prelude to invasion.
Saint Vincent and the Grenadines Prime Minister Ralph Gonsalves, who also serves as president pro tempore of the Community of Latin American and Caribbean States (CELAC), is expected to host the meeting, which he announced over the weekend.
"We hope to achieve a relaxation of tensions and lower the aggressiveness of discourse by Guyana," Venezuelan foreign minister Yvan Gil told journalists earlier this week, reiterating comments by Maduro and his allies that the vote gave them a mandate to control the Esequibo.
Guyana's Ali has said his country will defend its sovereignty and its borders and that Venezuela should deescalate its advances toward Guyana.
Maduro said last week he would authorize oil exploration in the Esequibo, drawing Ali's ire as the latter sought to reassure investors with projects already approved by the Guyanese government, including Exxon Mobil and soon-to-be partner Chevron, that their investments are safe.
Offshore areas are responsible for the entirety of oil production in Guyana, whose economy is booming thanks to output, which is expected to double to more than 1.2 million barrels per day by 2027.
"We are not going anywhere — our focus remains on developing the resources efficiently and responsibly, per our agreement with the Guyanese government," Exxon said this week, adding claims by Maduro's government that it was involved in financing a plot to undermine the referendum are "ridiculous and baseless."
Both Maduro and Ali have spoken with United Nations Secretary General Antonio Guterres about the dispute, South American countries last week urged a peaceful resolution and the United States' has expressed "unwavering support for Guyana's sovereignty."
Brazil's leftist President Luiz Inacio Lula da Silva has called for dialogue and is expected to send a representative.
(Reporting by Mayela Armas in Caracas, additional reporting by Sabrina Valle in Houston Writing by Julia Symmes Cobb)
((julia.cobb@thomsonreuters.com; +57-316-389-7187;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Saint Vincent and the Grenadines Prime Minister Ralph Gonsalves, who also serves as president pro tempore of the Community of Latin American and Caribbean States (CELAC), is expected to host the meeting, which he announced over the weekend. "We hope to achieve a relaxation of tensions and lower the aggressiveness of discourse by Guyana," Venezuelan foreign minister Yvan Gil told journalists earlier this week, reiterating comments by Maduro and his allies that the vote gave them a mandate to control the Esequibo. Maduro said last week he would authorize oil exploration in the Esequibo, drawing Ali's ire as the latter sought to reassure investors with projects already approved by the Guyanese government, including Exxon Mobil and soon-to-be partner Chevron, that their investments are safe.
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CARACAS, Dec 14 (Reuters) - Venezuela's President Nicolas Maduro is expected in Saint Vincent and the Grenadines on Thursday to meet with Guyanese President Irfaan Ali, amid high tensions over a dispute involving a potentially oil-rich border area. Maduro said last week he would authorize oil exploration in the Esequibo, drawing Ali's ire as the latter sought to reassure investors with projects already approved by the Guyanese government, including Exxon Mobil and soon-to-be partner Chevron, that their investments are safe. "We are not going anywhere — our focus remains on developing the resources efficiently and responsibly, per our agreement with the Guyanese government," Exxon said this week, adding claims by Maduro's government that it was involved in financing a plot to undermine the referendum are "ridiculous and baseless."
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CARACAS, Dec 14 (Reuters) - Venezuela's President Nicolas Maduro is expected in Saint Vincent and the Grenadines on Thursday to meet with Guyanese President Irfaan Ali, amid high tensions over a dispute involving a potentially oil-rich border area. Maduro said last week he would authorize oil exploration in the Esequibo, drawing Ali's ire as the latter sought to reassure investors with projects already approved by the Guyanese government, including Exxon Mobil and soon-to-be partner Chevron, that their investments are safe. Both Maduro and Ali have spoken with United Nations Secretary General Antonio Guterres about the dispute, South American countries last week urged a peaceful resolution and the United States' has expressed "unwavering support for Guyana's sovereignty."
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CARACAS, Dec 14 (Reuters) - Venezuela's President Nicolas Maduro is expected in Saint Vincent and the Grenadines on Thursday to meet with Guyanese President Irfaan Ali, amid high tensions over a dispute involving a potentially oil-rich border area. Disagreement over the 160,000-square-km (62,000-square-mile) jungle region of Esequibo has run for decades, but Venezuela revived its claim, including to offshore areas, in recent years after major oil and gas discoveries. The dispute is before the International Court of Justice, though a final ruling could be years away.
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80e73c8a-8b09-472f-a40b-b2840f0a2a1e
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713555.0
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2023-12-11 00:00:00 UTC
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TowneBank (TOWN) Surges 6.3%: Is This an Indication of Further Gains?
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DCOMP
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https://www.nasdaq.com/articles/townebank-town-surges-6.3%3A-is-this-an-indication-of-further-gains
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nan
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nan
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TowneBank (TOWN) shares rallied 6.3% in the last trading session to close at $30.19. 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% gain over the past four weeks.
The Federal Reserve signaled end of the current rate cycle and kept the interest rates unchanged at 22-year high of 5.25-5.5% at the end of two-day FOMC meeting. Further, the central bank indicated 75 basis points cut in rates by 2024-end. These developments attributed to bullish investor sentiments as high funding costs being faced by banks will likely come down somewhat next year, thus support net interest income and margin. Thus, the TOWN stock moved higher.
This community bank is expected to post quarterly earnings of $0.48 per share in its upcoming report, which represents a year-over-year change of -26.2%. Revenues are expected to be $164.84 million, down 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 TowneBank, 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 TOWN 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 >>>>
TowneBank belongs to the Zacks Banks - Southeast industry. Another stock from the same industry, United Bankshares (UBSI), closed the last trading session 5.6% higher at $37.07. Over the past month, UBSI has returned 7.4%.
United Bankshares' consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.67. Compared to the company's year-ago EPS, this represents a change of -9.5%. United Bankshares currently boasts a Zacks Rank of #2 (Buy).
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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.
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Towne Bank (TOWN) : Free Stock Analysis Report
United Bankshares, Inc. (UBSI) : 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 attributed to bullish investor sentiments as high funding costs being faced by banks will likely come down somewhat next year, thus support net interest income and margin. This community bank is expected to post quarterly earnings of $0.48 per share in its upcoming report, which represents a year-over-year change of -26.2%. 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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You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> TowneBank belongs to the Zacks Banks - Southeast industry. United Bankshares' consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.67. Click to get this free report Towne Bank (TOWN) : Free Stock Analysis Report United Bankshares, Inc. (UBSI) : 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 >>>> TowneBank belongs to the Zacks Banks - Southeast industry. Click to get this free report Towne Bank (TOWN) : Free Stock Analysis Report United Bankshares, Inc. (UBSI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Thus, the TOWN stock moved higher. Another stock from the same industry, United Bankshares (UBSI), closed the last trading session 5.6% higher at $37.07. United Bankshares' consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.67.
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c6f30dab-4851-437a-b255-21e8f07cc424
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713556.0
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2023-12-11 00:00:00 UTC
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Columbia Banking (COLB) Surges 6.1%: Is This an Indication of Further Gains?
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DCOMP
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https://www.nasdaq.com/articles/columbia-banking-colb-surges-6.1%3A-is-this-an-indication-of-further-gains
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nan
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nan
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Columbia Banking (COLB) shares ended the last trading session 6.1% higher at $25.98. 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 8.5% gain over the past four weeks.
The Federal Reserve signaled end of the current rate cycle and kept the interest rates unchanged at 22-year high of 5.25-5.5% at the end of two-day FOMC meeting. Also, the central bank indicated three rate cuts by 2024-end. These developments attributed to optimistic investor sentiments as high funding costs being faced by banks will likely somewhat come down next year, thus support net interest income and margin. Thus, the COLB stock moved higher.
This bank holding company is expected to post quarterly earnings of $0.79 per share in its upcoming report, which represents a year-over-year change of -15.1%. Revenues are expected to be $525.44 million, up 176.5% 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 Columbia Banking, 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 COLB 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 >>>>
Columbia Banking belongs to the Zacks Banks - West industry. Another stock from the same industry, Plumas Bancorp (PLBC), closed the last trading session 1.3% higher at $39.95. Over the past month, PLBC has returned 15.9%.
For Plumas Bancorp, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.23. This represents a change of -6.8% from what the company reported a year ago. Plumas Bancorp currently has a Zacks Rank of #4 (Sell).
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
Columbia Banking System, Inc. (COLB) : Free Stock Analysis Report
Plumas Bancorp (PLBC) : 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 attributed to optimistic investor sentiments as high funding costs being faced by banks will likely somewhat come down next year, thus support net interest income and margin. This bank holding company is expected to post quarterly earnings of $0.79 per share in its upcoming report, which represents a year-over-year change of -15.1%. 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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Columbia Banking (COLB) shares ended the last trading session 6.1% higher at $25.98. For Plumas Bancorp, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.23. Click to get this free report Columbia Banking System, Inc. (COLB) : Free Stock Analysis Report Plumas Bancorp (PLBC) : 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 >>>> Columbia Banking belongs to the Zacks Banks - West industry. Click to get this free report Columbia Banking System, Inc. (COLB) : Free Stock Analysis Report Plumas Bancorp (PLBC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Columbia Banking (COLB) shares ended the last trading session 6.1% higher at $25.98. This bank holding company is expected to post quarterly earnings of $0.79 per share in its upcoming report, which represents a year-over-year change of -15.1%. Click to get this free report Columbia Banking System, Inc. (COLB) : Free Stock Analysis Report Plumas Bancorp (PLBC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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26771200-2e38-457f-97c5-4c67642a0aa8
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713557.0
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2023-12-11 00:00:00 UTC
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European shares hold firm as dovish Fed overshadows ECB rate cut snub
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DCOMP
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https://www.nasdaq.com/articles/european-shares-hold-firm-as-dovish-fed-overshadows-ecb-rate-cut-snub
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nan
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nan
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By Ankika Biswas
Dec 14 (Reuters) - European shares largely held their ground on Thursday as investors shrugged off the European Central Bank pushing back against market bets of interest rate cuts and cheered the U.S. Federal Reserve's dovish shift a day earlier.
The pan-European index .STOXX advanced 1.4% by 1355 GMT, holding a near two-year high, and the euro zone's top blue-chip index .STOXX50E gained 0.8%, reaching an over 22-year high.
Both the indexes briefly pared their gains after the ECB pushed back against bets on imminent cuts to interest rates by reaffirming borrowing costs would remain at record highs despite lower inflation expectations. The central bank, however, kept rates steady as widely expected.
"Market's still reacting to a surprising dovish shift from the Fed, while the ECB was relatively hawkish due to lack of indication of even considering cuts," said Patrick Armstrong, chief investment officer at Plurimi Wealth.
"But I do think it'll be a cut in March from the ECB."
The Fed, meanwhile, left rates unchanged on Wednesday, with Chair Jerome Powell suggesting that rate hikes were likely done with due to easing inflation and that discussion of rate cuts was "coming into view."
"The Fed has overtaken the ECB to be the markets' favourite for which major central bank will cut first," said Stuart Cole, chief macro economist at Equiti Capital.
The STOXX 600 has gained 12.7% year-to-date versus the U.S. benchmark S&P 500's .SPX 22.6% during the same period.
France's CAC-40 .FCHI and Germany's DAX .GDAXI also touched fresh all-time highs, up 1.2% and 0.6%, respectively.
The euro zone's equity volatility index .V2TX slid to its lowest level since 2020, reflecting market optimism.
Real estate stocks .SX86P soared 5.8%, leading sectoral gains, while miners .SXPP also jumped 3.3% tracking higher metal prices.
Separately, the Bank of England stuck to its guns and said interest rates needed to stay high for "an extended period". UK's benchmark FTSE 100 .FTSE was up 1.6%, slipping from the day's high.
Elsewhere, the Swiss National Bank held its rates and lowered inflation forecasts, while Norway's central bank delivered a surprise rate hike.
VivendiVIV.PA advanced 8% as the French media company plans to examine splitting up some of its activities.
AMS OsramAMS.S jumped 12.7% after Jefferies upgraded the Swiss sensor maker to "buy" from "hold".
Italian luxury group Brunello CucinelliBCU.MI gained 5.7% after raising its 2023 revenue growth forecast again.
MorphoSysMORG.DE dropped 5.3% after the German biotech firm launched a 10% cash capital increase.
(Reporting by Ankika Biswas in Bengaluru; Editing by Dhanya Ann Thoppil, ,Janane Venkatraman and Sriraj Kalluvila)
((Ankika.Biswas@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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Both the indexes briefly pared their gains after the ECB pushed back against bets on imminent cuts to interest rates by reaffirming borrowing costs would remain at record highs despite lower inflation expectations. "Market's still reacting to a surprising dovish shift from the Fed, while the ECB was relatively hawkish due to lack of indication of even considering cuts," said Patrick Armstrong, chief investment officer at Plurimi Wealth. "The Fed has overtaken the ECB to be the markets' favourite for which major central bank will cut first," said Stuart Cole, chief macro economist at Equiti Capital.
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By Ankika Biswas Dec 14 (Reuters) - European shares largely held their ground on Thursday as investors shrugged off the European Central Bank pushing back against market bets of interest rate cuts and cheered the U.S. Federal Reserve's dovish shift a day earlier. Both the indexes briefly pared their gains after the ECB pushed back against bets on imminent cuts to interest rates by reaffirming borrowing costs would remain at record highs despite lower inflation expectations. Elsewhere, the Swiss National Bank held its rates and lowered inflation forecasts, while Norway's central bank delivered a surprise rate hike.
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By Ankika Biswas Dec 14 (Reuters) - European shares largely held their ground on Thursday as investors shrugged off the European Central Bank pushing back against market bets of interest rate cuts and cheered the U.S. Federal Reserve's dovish shift a day earlier. The pan-European index .STOXX advanced 1.4% by 1355 GMT, holding a near two-year high, and the euro zone's top blue-chip index .STOXX50E gained 0.8%, reaching an over 22-year high. Both the indexes briefly pared their gains after the ECB pushed back against bets on imminent cuts to interest rates by reaffirming borrowing costs would remain at record highs despite lower inflation expectations.
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Both the indexes briefly pared their gains after the ECB pushed back against bets on imminent cuts to interest rates by reaffirming borrowing costs would remain at record highs despite lower inflation expectations. "The Fed has overtaken the ECB to be the markets' favourite for which major central bank will cut first," said Stuart Cole, chief macro economist at Equiti Capital. Elsewhere, the Swiss National Bank held its rates and lowered inflation forecasts, while Norway's central bank delivered a surprise rate hike.
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c7613948-8c9c-4239-8040-e85c21ee2322
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713558.0
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2023-12-11 00:00:00 UTC
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BankFinancial (BFIN) Surges 5.4%: Is This an Indication of Further Gains?
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DCOMP
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https://www.nasdaq.com/articles/bankfinancial-bfin-surges-5.4%3A-is-this-an-indication-of-further-gains
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BankFinancial (BFIN) shares ended the last trading session 5.4% higher at $9.49. 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 end of the current rate cycle and kept the interest rates unchanged at 22-year high of 5.25-5.5% at the end of two-day FOMC meeting. The central bank also indicated 75 basis points cut in rates by 2024-end. These developments attributed to bullish investor sentiments as high funding costs being faced by banks will likely come down somewhat next year, thus support net interest income and margin. Thus, the BFIN stock moved higher.
This bank holding company is expected to post quarterly earnings of $0.20 per share in its upcoming report, which represents a year-over-year change of -25.9%. Revenues are expected to be $14.4 million, down 6.4% 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 BankFinancial, 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 BFIN 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 >>>>
BankFinancial belongs to the Zacks Financial - Savings and Loan industry. Another stock from the same industry, Capitol Federal Financial (CFFN), closed the last trading session 6% higher at $6.16. Over the past month, CFFN has returned 7%.
For Capitol Federal, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.07. This represents a change of -41.7% from what the company reported a year ago. Capitol Federal currently has a Zacks Rank of #2 (Buy).
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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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These developments attributed to bullish investor sentiments as high funding costs being faced by banks will likely come down somewhat next year, thus support net interest income and margin. This bank holding company is expected to post quarterly earnings of $0.20 per share in its upcoming report, which represents a year-over-year change of -25.9%. 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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You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> BankFinancial belongs to the Zacks Financial - Savings and Loan industry. For Capitol Federal, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.07. Click to get this free report BankFinancial Corporation (BFIN) : Free Stock Analysis Report Capitol Federal Financial (CFFN) : 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 >>>> BankFinancial belongs to the Zacks Financial - Savings and Loan industry. Click to get this free report BankFinancial Corporation (BFIN) : Free Stock Analysis Report Capitol Federal Financial (CFFN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Thus, the BFIN stock moved higher. This bank holding company is expected to post quarterly earnings of $0.20 per share in its upcoming report, which represents a year-over-year change of -25.9%. For Capitol Federal, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.07.
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6abccd5b-5feb-412d-8e6f-5ca9d0fc1111
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713559.0
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2023-12-11 00:00:00 UTC
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Moderna Gains After Reporting Positive Results For MRNA-4157 With KEYTRUDA In High Risk Melanoma
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DCOMP
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https://www.nasdaq.com/articles/moderna-gains-after-reporting-positive-results-for-mrna-4157-with-keytruda-in-high-risk
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nan
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(RTTNews) - Shares of Moderna, Inc. (MRNA) are up more than 15 percent on Thursday morning trade after the company announced a clinically meaningful improvement in recurrence-free survival, reducing the risk of recurrence or death by 49 percent for its mRNA-4157, in combination with Merck's anti-PD-1 therapy KEYTRUDA, in patients with resected high-risk melanoma following complete resection.
Currently, shares are at $88.46, up 12.47 percent from the previous close of $78.60 on a volume of 9,689,149.
The views and 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) - Shares of Moderna, Inc. (MRNA) are up more than 15 percent on Thursday morning trade after the company announced a clinically meaningful improvement in recurrence-free survival, reducing the risk of recurrence or death by 49 percent for its mRNA-4157, in combination with Merck's anti-PD-1 therapy KEYTRUDA, in patients with resected high-risk melanoma following complete resection. Currently, shares are at $88.46, up 12.47 percent from the previous close of $78.60 on a volume of 9,689,149. The views and 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) - Shares of Moderna, Inc. (MRNA) are up more than 15 percent on Thursday morning trade after the company announced a clinically meaningful improvement in recurrence-free survival, reducing the risk of recurrence or death by 49 percent for its mRNA-4157, in combination with Merck's anti-PD-1 therapy KEYTRUDA, in patients with resected high-risk melanoma following complete resection. Currently, shares are at $88.46, up 12.47 percent from the previous close of $78.60 on a volume of 9,689,149. The views and 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) - Shares of Moderna, Inc. (MRNA) are up more than 15 percent on Thursday morning trade after the company announced a clinically meaningful improvement in recurrence-free survival, reducing the risk of recurrence or death by 49 percent for its mRNA-4157, in combination with Merck's anti-PD-1 therapy KEYTRUDA, in patients with resected high-risk melanoma following complete resection. Currently, shares are at $88.46, up 12.47 percent from the previous close of $78.60 on a volume of 9,689,149. The views and 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) - Shares of Moderna, Inc. (MRNA) are up more than 15 percent on Thursday morning trade after the company announced a clinically meaningful improvement in recurrence-free survival, reducing the risk of recurrence or death by 49 percent for its mRNA-4157, in combination with Merck's anti-PD-1 therapy KEYTRUDA, in patients with resected high-risk melanoma following complete resection. Currently, shares are at $88.46, up 12.47 percent from the previous close of $78.60 on a volume of 9,689,149. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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59c138c8-7af7-46ca-919a-a7bc2fce79e1
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713560.0
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2023-12-11 00:00:00 UTC
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MDT, ABT: 2 Healthcare Dividend Aristocrat Stocks Hedge Funds are Bullish On
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DCOMP
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https://www.nasdaq.com/articles/mdt-abt%3A-2-healthcare-dividend-aristocrat-stocks-hedge-funds-are-bullish-on
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nan
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The volatile stock market scenario makes it prudent to invest in defensive investment options, such as healthcare stocks. Among these stocks, Medtronic (NYSE:MDT) and Abbott Laboratories (NYSE:ABT) stand out due to their status as Dividend Aristocrats (companies that have increased their dividends for over 25 consecutive years). Interestingly, hedge fund managers have been increasing their holdings in these two stocks.
Let’s take a closer look.
Medtronic Plc.
MDT has increased its dividend for 45 consecutive years. The company’s strong financials and leadership position within the medical device industry support its impressive dividend growth history. In addition, the company is focusing on digital technology adoption and cost-saving measures, with a target of achieving $1 billion in savings by 2025.
Furthermore, MDT stock has a “Very Positive” signal from TipRanks’ Hedge Fund Trading Activity tool. Per the tool, hedge funds bought 4.4 million shares of this healthcare giant last quarter. According to the tool, popular hedge fund managers, including Fisher Asset Management’s Ken Fisher and Morningstar Investment Management’s Kunal Kapoor, increased their positions in Medtronic stock.
What is the Price Target for MDT?
Following the company’s announcement to terminate the acquisition of wearable insulin patch maker EOFlow last week, two analysts rated the stock a Buy, while two assigned a Hold.
Overall, MDT stock has received six Buys, 10 Holds, and one Sell recommendation for a Moderate Buy consensus rating. Meanwhile, the average MDT stock price target of $88.20 implies 7.7% upside potential from current levels.
Importantly, MDT has an Outperform Smart Score of “Perfect 10” on TipRanks, which suggests that it can beat the overall market from here.
Abbott Laboratories
ABT has raised its dividend payout for 51 consecutive years, making it a perfect choice for income investors. The company’s well-diversified range of products, including diagnostics, medical devices, and pharmaceuticals, supports its growth in earnings and dividends.
Furthermore, the stock has a “Very Positive” signal from TipRanks’ Hedge Fund Trading Activity tool. The tool shows that hedge funds bought 819,300 shares of this healthcare company in the last quarter. Our data shows that Echo Street Capital Management’s Greg Poole and Bridgewater Associates’ Ray Dalio were among the hedge fund managers who increased their exposure to ABT stock.
What is the Future of ABT Stock?
This week, two analysts have reaffirmed a Buy rating on the stock, including Citi analyst Joanne Wuensch. The analyst expressed cautious optimism for MedTech in 2024, citing a stable macro backdrop and historical election-year performance.
ABT stock has received 10 Buy and three Hold recommendations for a Strong Buy consensus rating. The average Abbott stock price target of $118.46 implies 10.5% upside potential from the current level.
Ending Thoughts
Both ABT and MDT stocks have a proven track record of dividend growth. This makes them attractive to investors seeking reliable income and long-term portfolio stability. Additionally, the bullish view of hedge fund managers helps instill further confidence in these stocks.
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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The company’s strong financials and leadership position within the medical device industry support its impressive dividend growth history. Following the company’s announcement to terminate the acquisition of wearable insulin patch maker EOFlow last week, two analysts rated the stock a Buy, while two assigned a Hold. Abbott Laboratories ABT has raised its dividend payout for 51 consecutive years, making it a perfect choice for income investors.
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According to the tool, popular hedge fund managers, including Fisher Asset Management’s Ken Fisher and Morningstar Investment Management’s Kunal Kapoor, increased their positions in Medtronic stock. Meanwhile, the average MDT stock price target of $88.20 implies 7.7% upside potential from current levels. The average Abbott stock price target of $118.46 implies 10.5% upside potential from the current level.
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Among these stocks, Medtronic (NYSE:MDT) and Abbott Laboratories (NYSE:ABT) stand out due to their status as Dividend Aristocrats (companies that have increased their dividends for over 25 consecutive years). Furthermore, MDT stock has a “Very Positive” signal from TipRanks’ Hedge Fund Trading Activity tool. According to the tool, popular hedge fund managers, including Fisher Asset Management’s Ken Fisher and Morningstar Investment Management’s Kunal Kapoor, increased their positions in Medtronic stock.
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Interestingly, hedge fund managers have been increasing their holdings in these two stocks. According to the tool, popular hedge fund managers, including Fisher Asset Management’s Ken Fisher and Morningstar Investment Management’s Kunal Kapoor, increased their positions in Medtronic stock. Ending Thoughts Both ABT and MDT stocks have a proven track record of dividend growth.
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18de4cfc-d9b9-403c-bdad-97a6a4eb0e73
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713561.0
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2023-12-11 00:00:00 UTC
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Study: 2/3 of Americans Plan to Make a Financial New Year's Resolution. Mine Is to Buy More of These 2 Stocks.
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DCOMP
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https://www.nasdaq.com/articles/study%3A-2-3-of-americans-plan-to-make-a-financial-new-years-resolution.-mine-is-to-buy-more
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nan
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nan
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A new year is a great time to reevaluate finances across the board. It may be a time when one adds money to specific accounts to reduce tax burdens.
It is also an excellent opportunity to review stocks to decide whether to keep some stocks, add to current positions, or start new ones. To that end, I am eyeing one stock for adding shares and another for a new position. For this reason, I'm considering more shares in The Trade Desk (NASDAQ: TTD) and an addition to my cybersecurity stake with a position in CrowdStrike (NASDAQ: CRWD).
1. The Trade Desk
The Trade Desk is a demand-side advertising platform that allows advertisers and agencies to manage online ad campaigns. Within The Trade Desk's ecosystem, publishers and consumers participate in the process. This helps advertisers to target a desired audience more precisely and evaluate the performance of a specific ad.
Additionally, the company can incorporate technological advances within the platform. That improves on its considerable and growing database, creating a virtuous cycle that makes it more valuable for all parties involved.
Furthermore, its addressable market continues to grow. BCC Research estimated the compound annual growth rate of the digital ad industry at 12% through 2027, reaching $1.2 trillion that year.
The Trade Desk has scarcely begun to address that market. In the first nine months of 2023, it reported $1.3 billion in revenue, rising 23% versus the same period in 2022.
Admittedly, nearly half of its income during that time frame came from interest income and short-term investments. Still, that led to $82 million in net income in the first three quarters of 2023, up from the $18 million loss in the same year-ago period.
As the ad market has shown signs of recovery, the stock is up by approximately 50% over the last 12 months.
Also, valuations may not be as high as they appear. As a newly profitable company, its forward price-to-earnings ratio of 57 arguably seems reasonable. Also, its 20 price-to-sales ratio is in line with historical levels before and after the pandemic. As its growth continues, such valuations should bode well for investors wanting to add shares.
2. CrowdStrike
CrowdStrike would technically be a new name for me as I have not yet bought shares. Nonetheless, I'm a longtime shareholder of Zscaler, and buying CrowdStrike is the way that I would like to increase and diversify my cybersecurity holdings.
CrowdStrike has stood out by using crowdsourced data to identify potential threats (hence, the company's name). It also specializes in endpoint security, securing laptops, smartphones, servers, and other devices that could be located anywhere.
CrowdStrike has also successfully persuaded its customers to turn to them for more security needs. Around 63% of customers subscribe to at least five modules. Moreover, deals involving eight or more modules rose 78% over the last year.
Given this rising popularity, it should surprise few that in the first nine months of fiscal 2024 (ended Oct. 31), the company generated more than $2.2 billion in revenue, a 38% increase versus the same period one year ago.
Also, CrowdStrike earned $36 million in the year's first three quarters. Admittedly, it ran an operating loss, though operating profits turned positive in the third quarter. Still, $107 million in interest income over the nine-month period made its profit possible.
The rising optimism also helped the stock rise by close to 120% over the last year. Still, at more than 21 times sales and 84 times forward earnings, it has become expensive, though the rapid revenue growth should put downward pressure on its multiple. That factor could keep CrowdStrike growing as more customers turn to its cybersecurity platform.
Where to invest $1,000 right now
When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for two decades, Motley Fool Stock Advisor, has more than tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and The Trade Desk made the list -- but there are 9 other stocks you may be overlooking.
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*Stock Advisor returns as of December 7, 2023
Will Healy has positions in The Trade Desk and Zscaler. The Motley Fool has positions in and recommends CrowdStrike, The Trade Desk, and Zscaler. 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 improves on its considerable and growing database, creating a virtuous cycle that makes it more valuable for all parties involved. BCC Research estimated the compound annual growth rate of the digital ad industry at 12% through 2027, reaching $1.2 trillion that year. Given this rising popularity, it should surprise few that in the first nine months of fiscal 2024 (ended Oct. 31), the company generated more than $2.2 billion in revenue, a 38% increase versus the same period one year ago.
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For this reason, I'm considering more shares in The Trade Desk (NASDAQ: TTD) and an addition to my cybersecurity stake with a position in CrowdStrike (NASDAQ: CRWD). Given this rising popularity, it should surprise few that in the first nine months of fiscal 2024 (ended Oct. 31), the company generated more than $2.2 billion in revenue, a 38% increase versus the same period one year ago. Admittedly, it ran an operating loss, though operating profits turned positive in the third quarter.
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For this reason, I'm considering more shares in The Trade Desk (NASDAQ: TTD) and an addition to my cybersecurity stake with a position in CrowdStrike (NASDAQ: CRWD). The Trade Desk The Trade Desk is a demand-side advertising platform that allows advertisers and agencies to manage online ad campaigns. See the 10 stocks *Stock Advisor returns as of December 7, 2023 Will Healy has positions in The Trade Desk and Zscaler.
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For this reason, I'm considering more shares in The Trade Desk (NASDAQ: TTD) and an addition to my cybersecurity stake with a position in CrowdStrike (NASDAQ: CRWD). Also, CrowdStrike earned $36 million in the year's first three quarters. The Motley Fool has positions in and recommends CrowdStrike, The Trade Desk, and Zscaler.
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c481e02d-572b-42f1-bcbc-a8db32221652
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713562.0
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2023-12-11 00:00:00 UTC
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IBM Stock Could Take Off in 2024. Here Are 3 Reasons Why.
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DCOMP
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https://www.nasdaq.com/articles/ibm-stock-could-take-off-in-2024.-here-are-3-reasons-why.
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Investors who wrote off International Business Machines (NYSE: IBM) after years of decline and stagnation may need to take another look. The 112-year-old company has worked to return itself to the cutting edge of today's technology industry.
It accomplished this with the purchase of Red Hat and by spinning off a stagnant managed infrastructure business into Kyndryl. Moreover, it accomplished this without alienating a longtime constituency of shareholders. Returning to the cutting edge could also make it a tech stock worth owning. Here are three key reasons why.
1. IBM's cloud offerings continue to expand
The aforementioned purchase of Red Hat in 2019 amounted to an "all-in" bet on the cloud, costing it $34 billion and dramatically increasing its long-term debt.
Fortunately, this gamble seems to have paid off for IBM. Buying Red Hat made the company a leader in the hybrid cloud. Through Red Hat OpenShift, it owns a family of containerization software products that allow entities to link public and private cloud companies more seamlessly.
Furthermore, IBM is a player in generative artificial intelligence (AI). Through IBM watsonx, users can combine AI models with generative AI, machine learning, and other tools to accelerate AI workflows. This allows users to create and deploy AI apps, scale AI workloads from a single hybrid-fused data store, and oversee an entire AI lifecycle.
Such tools seem to have served IBM well. The company is now the fifth-largest cloud provider in terms of market share. Also, Mordor Intelligence forecasts the cloud industry will grow at a compound annual growth rate of 16% through 2028. With its technology, IBM will likely take a significant portion of what could be a $1.24 trillion industry by 2028.
2. IBM's quantum computing offers significant potential
Another area of IBM leadership that may not get enough attention is quantum computing. Quantum computing combines computer science, physics, and mathematics to develop a type of computer that can manage calculations too complicated for more traditional computers.
Earlier this month, IBM released the first 127-qubit quantum chip, called Eagle. To put its power into perspective, each qubit doubles the memory space needed for various algorithms, a testament to the exponential increase in computing power that Eagle offers.
IBM did not mention quantum computing in its Q3 2023 earnings report, and it received only scant mention on that quarter's earnings call. But with its ability to solve problems, this potential could dramatically boost the stock in the coming years.
3. The IBM dividend continues to grow
IBM continues to resemble more conservative stocks in one key area: dividend payments. Despite its struggles in the previous decade, IBM increased its payout 28 years in a row. And even with the cloud stock trading at a five-year high, with its payout of $6.64 per share, the stock offers a dividend yield of 4.1% to new shareholders.
Investors will likely see the increases continue. In the first nine months of the year, free cash flow was $5.1 billion, just above the $4.5 billion in dividend costs for the same period.
Also, the company has held to a forecast free cash flow of $10.5 billion as it tends to produce more robust free cash flows in the year's final quarter. Thus, IBM can afford this dividend even as it invests to improve its technology.
Additionally, investors can purchase this income stream at a reasonable price since IBM stock sells at a P/E ratio of 21. This has increased in recent years, but compared to most of its principal competitors, the stock looks like a compelling bargain.
Consider IBM stock
After years of stagnation, IBM finally appears positioned for a recovery. Thanks to improvements in its cloud and quantum computing offerings, the company could attract increasing business.
Amid that growth, it remains a compelling dividend stock for income investors. Also, with its rising free cash flow, the dividend increases should continue.
Admittedly, its cloud market share may appear small, and quantum computing does not seem to be a major revenue source for now. But as both industries continue to grow, IBM has positioned itself well to reap the benefits for its shareholders.
Should you invest $1,000 in International Business Machines right now?
Before you buy stock in International Business Machines, 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 International Business Machines wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 11, 2023
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Will Healy has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Amazon, Microsoft, Oracle, Salesforce, and Tencent. The Motley Fool recommends Alibaba Group and International Business Machines. 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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Investors who wrote off International Business Machines (NYSE: IBM) after years of decline and stagnation may need to take another look. Through Red Hat OpenShift, it owns a family of containerization software products that allow entities to link public and private cloud companies more seamlessly. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors.
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IBM's quantum computing offers significant potential Another area of IBM leadership that may not get enough attention is quantum computing. The IBM dividend continues to grow IBM continues to resemble more conservative stocks in one key area: dividend payments. Before you buy stock in International Business Machines, 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 International Business Machines wasn't one of them.
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IBM's quantum computing offers significant potential Another area of IBM leadership that may not get enough attention is quantum computing. The IBM dividend continues to grow IBM continues to resemble more conservative stocks in one key area: dividend payments. Before you buy stock in International Business Machines, 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 International Business Machines wasn't one of them.
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IBM's quantum computing offers significant potential Another area of IBM leadership that may not get enough attention is quantum computing. Thanks to improvements in its cloud and quantum computing offerings, the company could attract increasing business. But as both industries continue to grow, IBM has positioned itself well to reap the benefits for its shareholders.
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686a3e8f-e54d-4a80-94d6-44218b252518
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713563.0
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2023-12-11 00:00:00 UTC
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Warren Buffett Is Dumping This Tech Stock
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DCOMP
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https://www.nasdaq.com/articles/warren-buffett-is-dumping-this-tech-stock
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nan
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nan
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Warren Buffett's Berkshire Hathaway took a multibillion-dollar stake in PC and printing giant HP Inc. (NYSE: HPQ) in early 2022. The company had been riding high during the pandemic as strong demand for PCs propped up its revenue and profit, and the stock appeared inexpensive, based on that elevated profit.
Soon after Berkshire bought into HP stock, demand for PCs cratered. A small decline in shipments in the first half of 2022 gave way to monstrous declines later in the year and into 2023. After two years of contraction, the PC market is expected to finally return to growth in the fourth quarter.
Berkshire began selling its stake in HP in September and continued selling in October. Those sales, however, were modest relative to the size of the stake.
Based on Berkshire's latest filing with the SEC, it's now clear the company is likely on its way to exiting its HP stake entirely. As of the end of November, Berkshire had slashed its HP holdings by about 50%, compared to the end of September. The company now owns 51.5 million shares.
Two tough businesses
While HP stock looked cheap last year, the reality is that the company operates two businesses that aren't very attractive.
The PC business is highly competitive. There's money to be made in the niches, like gaming PCs and high-end workstations, but there's little differentiation between vendors at mainstream price points. An $800 laptop from HP is going to look very similar to an $800 laptop from Dell or Lenovo.
PCs and related products accounted for about two-thirds of HP's revenue in fiscal 2023, which ended on Oct. 31. Total revenue plunged 14.6% year over year, while revenue in the personal systems segments declined at a faster 18.9% rate.
HP managed a segment operating margin of 6%, down slightly from the previous year. That's historically high for HP's PC business.
The printing business is more lucrative, thanks to high-margin sales of supplies, but it's been stuck in a long revenue decline. Printing revenue was down 4.6% in fiscal 2023, while segment operating margin came in at 18.9%. The company pointed to the shift to hybrid work, with fewer people in the office, as one driver behind lower printing volumes.
Before the pandemic, global PC shipments were also stuck in a long, slow decline that began about a decade prior. While demand for PCs could grow in the long run, that growth will likely be slow after the dust settles from the post-pandemic plunge in sales. For HP, it will be a battle to keep its margins up as it faces intense competition from the rest of the industry.
Printing generates the bulk of HP's operating profit, but it's just not a growth business. While estimates vary, Smithers expects global print equipment sales to decline at a 0.5% compound annual rate through 2028. This decline will put pressure on sales of HP's high-margin printing supplies.
Looks can be deceiving
HP stock still looks cheap. The company guided for adjusted earnings per share between $3.25 and $3.65 in fiscal 2024, along with free cash flow between $3.1 billion and $3.6 billion. The stock trades for less than 10x both metrics.
But how does HP grow profit and free cash flow in the long run? There's no real growth story, as far as I can tell. HP's task is to try to maintain its margins in two difficult businesses.
To be fair, it's doing a decent job of that so far. But will HP be producing meaningfully higher profits 10 years from now than it's producing today? I don't see a reason to believe that.
Whatever faith Berkshire and Buffett had in HP last year seems to have evaporated. Don't be surprised if Berkshire fully exits HP in the quarters ahead.
Should you invest $1,000 in HP right now?
Before you buy stock in HP, 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 HP 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
Timothy Green has positions in Berkshire Hathaway. The Motley Fool has positions in and recommends Berkshire Hathaway and HP. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Warren Buffett's Berkshire Hathaway took a multibillion-dollar stake in PC and printing giant HP Inc. (NYSE: HPQ) in early 2022. There's money to be made in the niches, like gaming PCs and high-end workstations, but there's little differentiation between vendors at mainstream price points. The company pointed to the shift to hybrid work, with fewer people in the office, as one driver behind lower printing volumes.
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Before the pandemic, global PC shipments were also stuck in a long, slow decline that began about a decade prior. But how does HP grow profit and free cash flow in the long run? Before you buy stock in HP, 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 HP wasn't one of them.
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Soon after Berkshire bought into HP stock, demand for PCs cratered. Two tough businesses While HP stock looked cheap last year, the reality is that the company operates two businesses that aren't very attractive. Before you buy stock in HP, 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 HP wasn't one of them.
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Printing generates the bulk of HP's operating profit, but it's just not a growth business. Before you buy stock in HP, 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 HP wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Timothy Green has positions in Berkshire Hathaway.
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f242847b-c529-4a4c-af8a-8e1b5516bbec
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713564.0
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2023-12-11 00:00:00 UTC
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Wall St brokerages bring forward Fed rate cut expectations
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https://www.nasdaq.com/articles/wall-st-brokerages-bring-forward-fed-rate-cut-expectations
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Adds forecast changes from Goldman Sachs, J.P.Morgan and BlackRock, more details on Barclays
Dec 14 (Reuters) - Wall Street brokerages brought forward their expectations for the U.S. Federal Reserve's first interest rate cut, with Goldman Sachs now seeing a March start to the easing cycle, after the central bank struck a dovish tone overnight.
Goldman Sachs expects three consecutive 25 basis-point (bps) rate cuts - in March, May, and June - followed by one per quarter after that. They had previously expected only two cuts next year.
J.P.Morgan sees the first cut in June versus their earlier forecast of July, and the benchmark rate lower by 125 bps by the end of 2024. Barclays also anticipates a June beginning to easing and two more cuts in every other meeting next year. That compares with their previous prediction of just one cut in December 2024.
The Fed on Wednesday kept rates unchanged, as expected, and Chair Jerome Powell said a historic monetary policy tightening cycle is likely over as inflation falls faster than expected and a discussion of cuts in borrowing costs is coming "into view."
This has strengthened the case for traders' bets of a March start to rate cuts. They now see the Fed funds rate coming down by at least one full percentage point by end-2024. FEDWATCH
The Fed rate is currently in the 5.25%-5.5% range after 525 bps of hikes that began in March 2022.
Barclays believes cuts could begin sooner than its June projection if monthly inflation prints continue to come in softer than its forecasts. However, it says it remains concerned that inflation could rise again.
Asset manager BlackRock's investment arm sees Fed rate cuts coming in "around the end of the spring into the summer."
(Reporting by Reshma Rockie George in Bengaluru; Editing by Sonia Cheema)
((Reshma.George@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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Adds forecast changes from Goldman Sachs, J.P.Morgan and BlackRock, more details on Barclays Dec 14 (Reuters) - Wall Street brokerages brought forward their expectations for the U.S. Federal Reserve's first interest rate cut, with Goldman Sachs now seeing a March start to the easing cycle, after the central bank struck a dovish tone overnight. Barclays believes cuts could begin sooner than its June projection if monthly inflation prints continue to come in softer than its forecasts. Asset manager BlackRock's investment arm sees Fed rate cuts coming in "around the end of the spring into the summer."
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Adds forecast changes from Goldman Sachs, J.P.Morgan and BlackRock, more details on Barclays Dec 14 (Reuters) - Wall Street brokerages brought forward their expectations for the U.S. Federal Reserve's first interest rate cut, with Goldman Sachs now seeing a March start to the easing cycle, after the central bank struck a dovish tone overnight. Goldman Sachs expects three consecutive 25 basis-point (bps) rate cuts - in March, May, and June - followed by one per quarter after that. Asset manager BlackRock's investment arm sees Fed rate cuts coming in "around the end of the spring into the summer."
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Adds forecast changes from Goldman Sachs, J.P.Morgan and BlackRock, more details on Barclays Dec 14 (Reuters) - Wall Street brokerages brought forward their expectations for the U.S. Federal Reserve's first interest rate cut, with Goldman Sachs now seeing a March start to the easing cycle, after the central bank struck a dovish tone overnight. Goldman Sachs expects three consecutive 25 basis-point (bps) rate cuts - in March, May, and June - followed by one per quarter after that. The Fed on Wednesday kept rates unchanged, as expected, and Chair Jerome Powell said a historic monetary policy tightening cycle is likely over as inflation falls faster than expected and a discussion of cuts in borrowing costs is coming "into view."
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Goldman Sachs expects three consecutive 25 basis-point (bps) rate cuts - in March, May, and June - followed by one per quarter after that. They had previously expected only two cuts next year. Asset manager BlackRock's investment arm sees Fed rate cuts coming in "around the end of the spring into the summer."
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fb6c0b03-0225-4066-924d-c1a140164563
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713565.0
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2023-12-11 00:00:00 UTC
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Strength Seen in Northwest Bancshares (NWBI): 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-northwest-bancshares-nwbi%3A-can-its-5.5-jump-turn-into-more-strength
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Northwest Bancshares (NWBI) shares rallied 5.5% in the last trading session to close at $12.28. 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% gain over the past four weeks.
The Federal Reserve signaled end of the current rate cycle and kept the interest rates unchanged at 22-year high of 5.25-5.5% at the end of two-day FOMC meeting. The central bank also indicated 75 basis points cut in rates by 2024-end. These developments attributed to bullish investor sentiments as high funding costs being faced by banks will likely come down somewhat next year, thus support net interest income and margin. Thus, the NWBI stock moved higher.
This holding company for Northwest Savings Bank is expected to post quarterly earnings of $0.27 per share in its upcoming report, which represents a year-over-year change of -10%. Revenues are expected to be $133.06 million, down 8.2% 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 Northwest 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 NWBI 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 >>>>
Northwest Bancshares is a member of the Zacks Financial - Savings and Loan industry. One other stock in the same industry, Brookline Bancorp (BRKL), finished the last trading session 6.5% higher at $10.86. BRKL has returned 10.6% over the past month.
For Brookline, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.23. This represents a change of -41% from what the company reported a year ago. Brookline currently has a Zacks Rank of #4 (Sell).
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
Northwest Bancshares, Inc. (NWBI) : Free Stock Analysis Report
Brookline Bancorp, Inc. (BRKL) : 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 attributed to bullish investor sentiments as high funding costs being faced by banks will likely come down somewhat next year, thus support net interest income and margin. This holding company for Northwest Savings Bank is expected to post quarterly earnings of $0.27 per share in its upcoming report, which represents a year-over-year change of -10%. 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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This holding company for Northwest Savings Bank is expected to post quarterly earnings of $0.27 per share in its upcoming report, which represents a year-over-year change of -10%. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Northwest Bancshares is a member of the Zacks Financial - Savings and Loan industry. Click to get this free report Northwest Bancshares, Inc. (NWBI) : Free Stock Analysis Report Brookline Bancorp, Inc. (BRKL) : 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 >>>> Northwest Bancshares is a member of the Zacks Financial - Savings and Loan industry. Click to get this free report Northwest Bancshares, Inc. (NWBI) : Free Stock Analysis Report Brookline Bancorp, Inc. (BRKL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Thus, the NWBI stock moved higher. This holding company for Northwest Savings Bank is expected to post quarterly earnings of $0.27 per share in its upcoming report, which represents a year-over-year change of -10%. Click to get this free report Northwest Bancshares, Inc. (NWBI) : Free Stock Analysis Report Brookline Bancorp, Inc. (BRKL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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52068ec1-3df3-4b6a-979e-f3a72a323781
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713566.0
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2023-12-11 00:00:00 UTC
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Strength Seen in Orange County Bancorp, Inc. (OBT): Can Its 6.9% Jump Turn into More Strength?
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https://www.nasdaq.com/articles/strength-seen-in-orange-county-bancorp-inc.-obt%3A-can-its-6.9-jump-turn-into-more-strength
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Orange County Bancorp, Inc. (OBT) shares rallied 6.9% in the last trading session to close at $54. 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 5.8% gain over the past four weeks.
The Federal Reserve signaled end of the current rate cycle and kept the interest rates unchanged at 22-year high of 5.25-5.5% at the end of two-day FOMC meeting. The central bank also indicated 75 basis points cut in rates by 2024-end. These developments turned investor sentiments optimistic as high funding costs being faced by banks will likely come down somewhat next year, thus support net interest income and margin. So, the OBT stock moved higher.
This company is expected to post quarterly earnings of $1.41 per share in its upcoming report, which represents a year-over-year change of -12.4%. Revenues are expected to be $24.6 million, down 5.1% 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 Orange County Bancorp, Inc., 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 OBT 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 >>>>
Orange County Bancorp, Inc. is part of the Zacks Banks - Northeast industry. CB Financial Services (CBFV), another stock in the same industry, closed the last trading session 1.2% higher at $23.27. CBFV has returned 7.8% in the past month.
CB Financial Services' consensus EPS estimate for the upcoming report has changed +255.7% over the past month to $2.21. Compared to the company's year-ago EPS, this represents a change of +176.3%. CB Financial Services currently boasts a Zacks Rank of #5 (Strong Sell).
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
Orange County Bancorp, Inc. (OBT) : Free Stock Analysis Report
CB Financial Services, Inc. (CBFV) : 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 optimistic as high funding costs being faced by banks will likely come down somewhat next year, thus support net interest income and margin. This company is expected to post quarterly earnings of $1.41 per share in its upcoming report, which represents a year-over-year change of -12.4%. 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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You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Orange County Bancorp, Inc. is part of the Zacks Banks - Northeast industry. CB Financial Services' consensus EPS estimate for the upcoming report has changed +255.7% over the past month to $2.21. Click to get this free report Orange County Bancorp, Inc. (OBT) : Free Stock Analysis Report CB Financial Services, Inc. (CBFV) : 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 >>>> Orange County Bancorp, Inc. is part of the Zacks Banks - Northeast industry. Click to get this free report Orange County Bancorp, Inc. (OBT) : Free Stock Analysis Report CB Financial Services, Inc. (CBFV) : Free Stock Analysis Report To read this article on Zacks.com click here.
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So, the OBT stock moved higher. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Orange County Bancorp, Inc. is part of the Zacks Banks - Northeast industry. CB Financial Services' consensus EPS estimate for the upcoming report has changed +255.7% over the past month to $2.21.
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5e5c14fb-58af-4d7e-887a-1436a4f76782
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713567.0
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2023-12-11 00:00:00 UTC
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Want $200 in Monthly Dividend Income in 2024? Invest $27,000 in This Ultra-High-Yield Trio
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https://www.nasdaq.com/articles/want-%24200-in-monthly-dividend-income-in-2024-invest-%2427000-in-this-ultra-high-yield-trio
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With thousands of publicly traded companies and exchange-traded funds to choose from, Wall Street offers investors a seemingly endless array of strategies to grow their wealth. But when the numbers are crunched, it's tough to consistently beat the annualized return of high-quality dividend stocks over the long run.
Roughly 10 years ago, the wealth management segment of America's largest money-center bank by assets, JPMorgan Chase, released a report that examined the performance of companies initiating and growing their payout over 40 years (1972-2012) to public companies not paying a dividend over the same span. The difference in annualized returns was night and day.
Whereas the income stocks delivered a meaty annualized return of 9.5% over four decades, the non-payers produced a measly annualized return of just 1.6%.
These results shouldn't surprise anyone. Companies that pay a regular dividend are almost always profitable on a recurring basis and time-tested. What's more, they can usually offer transparent long-term growth outlooks.
Image source: Getty Images.
But this doesn't mean all dividend stocks are created equally. Ultra-high-yield dividend stocks -- those with yields around four or more times higher than the S&P 500 -- can occasionally be more trouble than they're worth. Thankfully, careful vetting can uncover some true gems on the income front -- some of which pay their dividends on a monthly basis!
If you're looking to generate $200 in monthly dividend income in 2024, simply invest $27,000 (split equally, three ways) into the following ultra-high-yield trio, which sport an average yield of 8.9%!
Realty Income: 5.7% yield
The first high-octane income stock capable of generating $200 in monthly income from a beginning investment of $27,000 that's split in thirds is retail real estate investment trust (REIT) Realty Income (NYSE: O). To give you some idea of what a payout juggernaut Realty Income is, the company has increased its distribution in each of the past 104 quarters.
As you might imagine, some investors are concerned about the state of the U.S. economy. Although the unemployment rate remains historically low, certain money-based metrics portend the possibility of a recession next year. People tend to pare back their discretionary spending during recessions, which wouldn't be good news for retailers or the REITs leasing to retailers.
There are, however, a couple of competitive advantages Realty Income brings to the table, which should help it navigate whatever the U.S. economy throws its way.
The most important aspect of Realty Income's over 13,000-commercial-property portfolio is that more than 9 out of 10 leased properties are from sectors and industries that are resilient to economic downturns. For instance, a little over 35% of the company's annualized contractual rent can be traced to grocery stores, convenience stores, dollar stores, and drug stores. These stores provide basic-need products and services, which means people will visit them in any economic climate.
Something else to consider about Realty Income is that it's constantly diversifying its operations. In late October, it announced plans to acquire Spirit Realty Capital in an all-share deal valued at $9.3 billion. Spirit's commercial real estate portfolio will complement the diversity of Realty Income's asset portfolio, and expand the combined company into new industries.
What's more, Realty Income has shifted into gaming, with two significant deals over the past year. Diversifying its real estate portfolio will make it even less reliant on the ebbs and flows of the U.S. economy.
Realty Income's occupancy rate is also far superior to its peers'. Realty Income's portfolio has produced an average occupancy rate of 98.2% since the start of 2000. That compares to an average occupancy rate for the median REIT of 94.2% over the same timeline. The predictability of its adjusted funds from operations is simply unmatched among retail REITs.
PennantPark Floating Rate Capital: 10.71% yield
A second ultra-high-yield stock that can help you bring home $200 each month in 2024 is business development company (BDC) PennantPark Floating Rate Capital (NYSE: PFLT). PennantPark has increased its monthly payout twice since the year began.
BDCs are businesses that invest in either the debt or equity of middle-market companies (typically micro-cap and small-cap businesses). Despite ending September with nearly $161 million in common and preferred stock in its portfolio, the more than $906 million in debt securities held makes PennantPark a primarily debt-focused BDC.
The clear advantage of a debt-driven operating model is the yield PennantPark receives. Since most micro-cap and small-cap companies are unproven, they have limited access to traditional debt and credit markets. This means any financing they do receive tends to sport high yields. As of the end of September, PennantPark's weighted average yield on debt investments was a whopping 12.6%!
What's even more important is that the entirety of PennantPark Floating Rate Capital's debt-securities portfolio has variable interest rates. Since March 2022, the Federal Reserve has increased the federal funds target rate by 525 basis points. Each rate hike is padding PennantPark's proverbial pockets, as evidenced by its 520-basis-point improvement in weighted average yield on debt investments since Sept. 30, 2021. As long as the nation's central bank remains hawkish, PennantPark and its shareholders will benefit.
Another reason income investors can place their trust in PennantPark is the company's principal protection strategy. It almost exclusively owns first-lien secured debt -- just $0.1 million of its $906.3 million debt securities portfolio isn't first-lien secured. First-lien secured debtholders are first in line for repayment in the event that a borrower seeks bankruptcy protection.
Additionally, PennantPark is invested in 131 companies, including its equity stakes. No single investment is critical to PennantPark's success, nor capable of seriously hurting its operating performance.
Image source: Getty Images.
Horizon Technology Finance: 10.28% yield
The third ultra-high-yield stock that can help you receive $200 in monthly dividend income in 2024 from an initial investment of $27,000 (split equally, three ways) is BDC Horizon Technology Finance (NASDAQ: HRZN). Horizon's yield has hovered around the 10% mark for much of the past decade.
Horizon's operating model is similar to PennantPark Floating Rate Capital's, but with a few twists. In particular, Horizon Technology Finance is primarily dealing with developmental-stage companies in exclusively high-growth fields, such as technology, life sciences, and renewable energy. Though there's certainly risk involved when investing in developmental-stage businesses, there's also plenty of reward when those businesses are properly vetted.
As of the end of September, Horizon had around $49 million invested in an assortment of equity stakes and warrants. But like PennantPark, it has $680 million in debt securities, which makes it a debt-driven BDC.
Having an aforementioned focus on developmental-stage businesses has led to significantly higher yields. Since Horizon is offering financing to unproven companies, it ended the third quarter with a dollar-weighted annualized yield on its debt investments of 17.1%. That's roughly four times higher than the current yield on 10-year Treasury notes.
Despite macro challenges, Horizon Technology Finance has also done a stand-up job of protecting its principal. Though higher interest rates have increased the delinquency rate for developmental-stage businesses, 86.5% of the company's debt investments at fair value are tied up in businesses Horizon deems to have high credit quality or offer standard levels of risk.
To build on the above, a good portion of Horizon's debt securities have variable interest rates. A big uptick in income from the 86.5% of its debt portfolio that isn't a concern as interest rates have risen has more than offset any potential losses from its other debt securities.
Should you invest $1,000 in Realty Income right now?
Before you buy stock in Realty Income, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Realty Income wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of the S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 7, 2023
JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. Sean Williams has positions in PennantPark Floating Rate Capital. The Motley Fool has positions in and recommends JPMorgan Chase and Realty Income. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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With thousands of publicly traded companies and exchange-traded funds to choose from, Wall Street offers investors a seemingly endless array of strategies to grow their wealth. If you're looking to generate $200 in monthly dividend income in 2024, simply invest $27,000 (split equally, three ways) into the following ultra-high-yield trio, which sport an average yield of 8.9%! Since Horizon is offering financing to unproven companies, it ended the third quarter with a dollar-weighted annualized yield on its debt investments of 17.1%.
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Realty Income: 5.7% yield The first high-octane income stock capable of generating $200 in monthly income from a beginning investment of $27,000 that's split in thirds is retail real estate investment trust (REIT) Realty Income (NYSE: O). It almost exclusively owns first-lien secured debt -- just $0.1 million of its $906.3 million debt securities portfolio isn't first-lien secured. Horizon Technology Finance: 10.28% yield The third ultra-high-yield stock that can help you receive $200 in monthly dividend income in 2024 from an initial investment of $27,000 (split equally, three ways) is BDC Horizon Technology Finance (NASDAQ: HRZN).
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Realty Income: 5.7% yield The first high-octane income stock capable of generating $200 in monthly income from a beginning investment of $27,000 that's split in thirds is retail real estate investment trust (REIT) Realty Income (NYSE: O). PennantPark Floating Rate Capital: 10.71% yield A second ultra-high-yield stock that can help you bring home $200 each month in 2024 is business development company (BDC) PennantPark Floating Rate Capital (NYSE: PFLT). Before you buy stock in Realty Income, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Realty Income wasn't one of them.
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Realty Income: 5.7% yield The first high-octane income stock capable of generating $200 in monthly income from a beginning investment of $27,000 that's split in thirds is retail real estate investment trust (REIT) Realty Income (NYSE: O). Since Horizon is offering financing to unproven companies, it ended the third quarter with a dollar-weighted annualized yield on its debt investments of 17.1%. Should you invest $1,000 in Realty Income right now?
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713568.0
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2023-12-11 00:00:00 UTC
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Looking to Boost Your Income? You Have to Check Out This 9.5%-Yielding Dividend Stock
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https://www.nasdaq.com/articles/looking-to-boost-your-income-you-have-to-check-out-this-9.5-yielding-dividend-stock
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MPLX (NYSE: MPLX) is an overlooked income investment. Because of that, investors are missing out on the master limited partnership's (MLP) big-time payout. It currently yields 9.5%, light-years ahead of the S&P 500's 1.5% dividend yield.
That massive distribution is on a very sustainable foundation. Furthermore, the MLP has an excellent track record of increasing its payout. That makes it a compelling option for those seeking to boost their passive income.
Built to generate income
MPLX owns a diversified portfolio of midstream assets. It has a gathering and processing business that supports production in two key oil and gas basins. It also has a logistics and storage segment that transports and stores oil and refined petroleum products. These assets generate relatively predictable cash flow backed by government-regulated rate structures and long-term contracts with high-quality customers, including its parent, refining giant Marathon Petroleum.
The MLP produced nearly $4 billion of distributable cash flow through the first nine months of this year. That was 6% higher than its total during the same period last year.
It distributed $2.4 billion of that cash to investors, giving it a very comfortable distribution coverage ratio of 1.6 times. That allowed it to retain about $1.5 billion in cash to fund expansion projects and maintain a strong balance sheet. It invested $727 million in capital projects through the first nine months of the year.
The remaining funds helped further fortify its balance sheet. MPLX ended the third quarter with $960 million in cash, $2 billion available on its bank credit facility, and $1.5 billion available on an intercompany loan agreement with Marathon. Meanwhile, its leverage ratio was down to 3.4 times, well below the 4.0 times it could support, given the stability of its cash flow. It has ample liquidity and financial flexibility to opportunistically repurchase units and make a value-enhancing acquisition.
The fuel to continue growing
MPLX has several expansion projects under construction that should come online over the next few years. Its logistics and storage segment is expanding its natural gas and natural gas liquids (NGLs) long-haul and crude oil gathering pipelines to support rising production in the Permian and Bakken basins. MPLX and its partners recently finished expanding their Whistler pipeline and are building the associated Agua Dulce Corpus Christi (ADCC) pipeline lateral that should enter service by Q3 of next year. Meanwhile, it's expanding its BANGL joint venture pipeline, which should come online in the first half of 2025.
The company's gathering and processing segment is building several new plants in the Permian and Marcellus basins to support producer demand. Its sixth and seventh processing plants in the Permian should start by the first half of 2024 (Preakness II) and the second half of 2025 (Secretariat). It's also building Hammon Creek II in the Marcellus, which should enter service in the first half of next year. These projects should help continue the steady growth in its cash flow over the next few years.
Image source: MPLX.
The company should be able to keep growing its business in the future. Energy industry consultancy WoodMackenzie expects U.S. natural gas demand to grow by 22% by 2030, driven by the Northeast (Marcellus) and Permian. That should give MPLX more opportunities to expand its infrastructure in those regions.
Meanwhile, the company wants to expand into new lower-carbon energy sectors like hydrogen and carbon capture and sequestration. Two hydrogen hubs under development by Marathon received funding from the Department of Energy, putting them closer to becoming a reality. Marathon would build and operate the hydrogen production facilities, while MPLX could become involved in transporting hydrogen and carbon dioxide related to those facilities. Lower carbon energy solutions could become a major growth driver for MPLX in the future.
The company also has the financial flexibility to make acquisitions. There has been a lot of consolidation in the energy sector over the past year, which will likely continue. MPLX is in an excellent position to acquire assets or merge with another MLP.
These growth drivers should give the MLP the fuel to continue increasing its distribution. It raised its payout by 10% earlier this year. That continued its streak of annual distribution growth, which stretches all the way to 2012 when Marathon formed its affiliated MLP.
A high-octane income stock
MPLX offers a big-time payout. The MLP supports its distribution with a business that produces very steady cash flow and has a fortress-like balance sheet. Because of that, investors can bank on the durability of its payout. Meanwhile, that big-time distribution should continue rising. These factors make it an excellent option for those seeking to generate more investment income.
Should you invest $1,000 in Mplx right now?
Before you buy stock in Mplx, consider this:
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Matthew DiLallo has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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These assets generate relatively predictable cash flow backed by government-regulated rate structures and long-term contracts with high-quality customers, including its parent, refining giant Marathon Petroleum. The company's gathering and processing segment is building several new plants in the Permian and Marcellus basins to support producer demand. Energy industry consultancy WoodMackenzie expects U.S. natural gas demand to grow by 22% by 2030, driven by the Northeast (Marcellus) and Permian.
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Its logistics and storage segment is expanding its natural gas and natural gas liquids (NGLs) long-haul and crude oil gathering pipelines to support rising production in the Permian and Bakken basins. The company's gathering and processing segment is building several new plants in the Permian and Marcellus basins to support producer demand. Before you buy stock in Mplx, 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 Mplx wasn't one of them.
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The MLP produced nearly $4 billion of distributable cash flow through the first nine months of this year. Its logistics and storage segment is expanding its natural gas and natural gas liquids (NGLs) long-haul and crude oil gathering pipelines to support rising production in the Permian and Bakken basins. Before you buy stock in Mplx, 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 Mplx wasn't one of them.
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The MLP produced nearly $4 billion of distributable cash flow through the first nine months of this year. These projects should help continue the steady growth in its cash flow over the next few years. The MLP supports its distribution with a business that produces very steady cash flow and has a fortress-like balance sheet.
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2023-12-11 00:00:00 UTC
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These 3 stocks are Cowen’s best ideas for 2024 including Amazon and Biogen
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DCOMP
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https://www.nasdaq.com/articles/these-3-stocks-are-cowens-best-ideas-for-2024-including-amazon-and-biogen
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It’s only a few weeks to the New Year, so what better time to find out what stocks the major investment banks and research firms are recommending? TD Cowen, the New York-based multinational financial services firm, has been publishing the year-end stock calls from its analysts – and their choices make interesting reading.
These are the ‘best ideas’ for 2024, from analysts with 5-star ratings from TipRanks; Cowen’s team has the experience and success to back up their recommendations, and investors can turn to them for valuable advice on the markets for these winter months.
The picks this year include equities from a variety of sectors – Big Tech, Big Pharma, consumer staples – with some prominent names such as Amazon and Biogen included on Cowen’s Best Ideas list.
So let’s take a closer look at these top picks. According to the latest TipRanks data, it’s clear that Wall Street agrees that these are stocks to Buy; each has a Strong Buy consensus rating from the Street’s analysts. Let’s dive in.
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Amazon (AMZN)
First on our list is Amazon, the 800-pound gorilla in the world of e-commerce and online retail. Starting out back in the 90s as an online book seller, Amazon took a heavy hit when the dot.com bubble burst – but survived and has since expanded to become the world’s leader in online selling. Customers can find – almost literally – anything they want on Amazon: books, of course, but also computer gaming accessories, kitchen necessities, kids’ games, socks, electric shavers – the list will just grow more eclectic if we drag it out. Amazon moved a total of $693 billion in gross merchandise value last year.
But it’s not just online retail, of course. Amazon also has extensive operations in online services, such as subscription TV streaming and cloud computing, to home automation (Alexa, would you please…?), to audiobooks. Even groceries can be ordered online through Amazon’s services. The company’s website claims more than 2 billion visits every month, making it one the most-trafficked sites on the whole of the internet.
Business on this scale is sure to be reflected in the financial results, and so it is with Amazon. The company reported its 3Q23 results recently, and showed an impressive $143.1 billion in total revenues. That was up 13% year-over-year, and came in some $1.5 billion ahead of the forecasts. The gains in revenue rested on sound performance from the cloud computing segment, Amazon Web Services, which was up 12% for the quarter; from North American retail, which gained 11%; and mainly from international retail, which showed a y/y gain of 16%. Operating income rose to $11.2 billion vs. the $2.5 billion seen in the same period a year ago with the company delivering an operating margin of 7.8%, the highest since 1Q21’s record 8.2%.
Writing on Amazon for Cowen, 5-star analyst John Blackledge names the company as his top pick in large cap stocks, given the combination of record margins and high AWS growth. In Blackledge’s words, “AMZN is our top ‘24 large cap pick based on two key drivers, including (i) Record Op Inc Margins: We forecast AMZN ‘24 Op Inc of $58BN, 25% above cons, yielding 9.1% Op Inc margins, as high-margin AWS and Advertising businesses continue to scale while ‘rest of biz’ Op Inc turns positive after significant cost-cutting and easing inflationary & FX headwinds. We estimate ‘rest of biz’ ‘24 Op Income of ~$4BN following >$38BN in losses from ‘21-‘23E; (ii) AWS revenue growth accelerates: as AWS starts to lap cost optimizations, our public cloud survey work suggests 75% of customers will be through optimizations by end of ‘23. Also, AWS bookings are accelerating into 4Q23, which bodes well for next year & beyond.”
Looking ahead, Blackledge rates these shares as Outperform (Buy), and sets a $200 price target that points toward a one-year upside potential of 34%. (To watch Blackledge’s track record, click here)
Amazon hasn’t just picked up 42 recent analyst reviews in recent weeks – it has picked up 42 unanimously positive analyst reviews, to give the stock a Strong Buy consensus rating. The shares are trading currently for $148.84, and their $177.32 average target price implies a gain of 19 % in the next 12 months. (See Amazon stock forecast)
Biogen, Inc. (BIIB)
Next up is Biogen, a major name in the world of biopharmaceutical research. The company, based in Cambridge, Massachusetts, has an extensive product line of drugs and drug candidates either approved for, or under investigation for, the treatment of serious neurological diseases, most of which have ‘high unmet medical needs.’ Biogen has a world-wide footprint, with operations across the Americas, Europe, and Asia.
Biogen’s research pipeline currently features 21 separate tracks, ranging from early- to late-stage human clinical trial research. Of these research tracks, 5 are focused on potential treatments for Alzheimer’s and related dementia, and 4 are targeting Parkinson’s disease and similar movement disorders. Other research tracks focus on multiple sclerosis, ALS, lupus, and spinal muscular atrophy. Biogen is targeting ‘difficult-to-treat diseases,’ with the aim of developing transformational medicines – medicines capable of changing the way the medical field promotes public health.
In addition to its large research program and drug candidate lines, Biogen has a stable of approved medications already on the market and generating solid revenue for the company. Newly prominent among these are the recently launched Leqembi and Skyclarys, two new drugs with strong potential to boost Biogen’s bottom line significantly going forward.
Leqembi, a treatment for mild cognitive impairment or dementia due to Alzheimer’s disease, is administered via IV infusion and was approved for use earlier this year. Biogen realized approximately $2 million worth of in-market product revenue from Leqembi in 3Q23. The proven efficacy of the drug in clinical trials gives Biogen reason to hope that its ongoing commercial launch will bring the company to a leading position in the treatment of Alzheimer's.
Skyclarys, the other recently launched mediation, is a treatment for Friedrich’s ataxia, or FA. It is the first – and so far, the only – FDA approved drug to treat FA in adult patients over age 16. Biogen did not develop Skyclarys itself, but it has acquired the drug through its recently completed acquisition of Reata Pharmaceuticals. Commercialization activities for Skyclarys are ongoing, and Biogen expects that the new drug will be ‘significantly accretive’ to earnings beginning in 2025.
As for earnings, Biogen has a steady income stream and is profitable – setting it apart from most research-oriented biotech firms. In 3Q23, Biogen had $2.53 billion in total revenues, in-line with the prior-year Q3 total, and $130 million above the forecast. The bottom line came to $4.36 per diluted share, by non-GAAP measures, beating the estimates by 37 cents per share.
For Phil Nadeau, another of Cowen’s 5-star stock analysts, this background makes Biogen the right choice as a ‘top pick’ in the large cap category. Nadeau acknowledges recent downbeat sentiment around the stock but is upbeat that the new drug launches can turn things around. He writes, “BIIB is a top large cap pick for 2024... Sentiment in BIIB is poor following 4 years of declining revenue. However, we expect that the launches of Leqembi and Skyclarys will return Biogen to growth in 2024 and drive a mid-single digit revenue CAGR for the next several years. We are optimistic that the reacceleration of Biogen's top-line will reinvigorate sentiment...”
These comments support Nadeau’s Outperform (Buy) rating on the shares, while his $305 price target suggests that BIIB will gain 19% in the year ahead. (To watch Nadeau’s track record, click here)
The Strong Buy analyst consensus rating on BIIB is not unanimous – but it is based on 20 Buy ratings, against 6 to Hold. The shares are selling for $255.56, and their average price target is $311.54, slightly more bullish than the Cowen view and implying a 22% upside potential on the one-year horizon. (See Biogen stock forecast)
Constellation Brands (STZ)
Last up on our list of Cowen’s best ideas is Constellation Brands, a consumer staple and the largest beer importer in the United States. The company’s core business is the import of Mexican beer to the US market – Constellation owns the Modelo and Corona brands, which were the two best-selling import beers in the US last year. After Bud Light’s recent marketing implosion, Constellation picked up much of that slack with improved sales numbers for Modelo. In addition to its beers, Constellation boasts a strong portfolio of wine and spirits.
The company’s beer business is strong, and as noted, Constellation has successfully taken business from its competitor Bud Light, formerly the country’s best-selling beer. The Modelo brand, which saw the lion’s share of that take, saw solid gains this year, and in Constellation’s recent report for fiscal 2Q24, the Modelo brand family’s momentum drove the company’s beer business growth. The beer segment posted a 12% quarterly net sales increase, with Modelo Especial growing 9% and the Modelo Chelada brands posting a combined 40% growth. Constellation describes Modelo Especial as the ‘#1 brand share gainer’ in the US beer market, and the #1 selling brand by dollar sales.
On earnings, Constellation beat the forecast in its fiscal Q2. The company reported $2.84 billion at the top line, up almost 7% y/y and $20 million ahead of expectations. The bottom-line earnings figure, the non-GAAP EPS of $3.70, was 33 cents better than the forecast.
The stock has underperformed year-to-date, compared to the S&P 500, but its 8% ytd gain is still a net positive – and combines with the company’s modest dividend to give investors a sound return that beats inflation by a wide margin. The dividend was last paid on November 17 at a rate of 89 cents per common share. This annualized to $3.56 per share and gave a modest yield of 1.52%. The dividend return is supplemented by the company’s policy of supporting share value and returning profits to shareholders through buybacks; Constellation recently approved an additional $2 billion in share repurchases as part of its capital return policy.
All the above presents a picture of a company with a solid position in a strong market – and that’s the thesis behind Vivien Azer’s write-up of STZ for Cowen. The consumer staples expert is impressed by this company’s growth in the beer market, and says, “STZ is our Best Idea in 2024... We believe STZ is the best growth story in U.S. beer, while offering ancillary wine and spirits exposure through an evolving portfolio. The company’s robust capital returns are driven by industry-leading beer margins through an efficient portfolio of above premium Mexican import brands that have consolidated an average of 160 bps in monthly Nielsen dollar share over the last five years. Secular alcohol premiumization, outsized preference with younger LDA consumers, and demographic trends in Hispanic beer drinkers (who over-index to STZ’s brands) all serve as significant long-term tailwinds as growth from the Modelo brand family has re-accelerated share gains.”
Accordingly, Azer gives STZ an Outperform (Buy) rating and her price target, set at $300, implies a one-year increase of 24%. (To watch Azer’s track record, click here)
There are 20 recent analyst reviews of this stock, and these include 17 to Buy and 3 to Hold – for a Strong Buy consensus rating. The average price target here is $291.89, suggesting a 12-month upside potential of 20% from the current $242.59 trading price. (See STZ stock forecast)
To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a tool that unites all of TipRanks’ equity insights.
Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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We are optimistic that the reacceleration of Biogen's top-line will reinvigorate sentiment...” These comments support Nadeau’s Outperform (Buy) rating on the shares, while his $305 price target suggests that BIIB will gain 19% in the year ahead. The stock has underperformed year-to-date, compared to the S&P 500, but its 8% ytd gain is still a net positive – and combines with the company’s modest dividend to give investors a sound return that beats inflation by a wide margin. The company’s robust capital returns are driven by industry-leading beer margins through an efficient portfolio of above premium Mexican import brands that have consolidated an average of 160 bps in monthly Nielsen dollar share over the last five years.
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Writing on Amazon for Cowen, 5-star analyst John Blackledge names the company as his top pick in large cap stocks, given the combination of record margins and high AWS growth. (To watch Blackledge’s track record, click here) Amazon hasn’t just picked up 42 recent analyst reviews in recent weeks – it has picked up 42 unanimously positive analyst reviews, to give the stock a Strong Buy consensus rating. Secular alcohol premiumization, outsized preference with younger LDA consumers, and demographic trends in Hispanic beer drinkers (who over-index to STZ’s brands) all serve as significant long-term tailwinds as growth from the Modelo brand family has re-accelerated share gains.” Accordingly, Azer gives STZ an Outperform (Buy) rating and her price target, set at $300, implies a one-year increase of 24%.
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(To watch Blackledge’s track record, click here) Amazon hasn’t just picked up 42 recent analyst reviews in recent weeks – it has picked up 42 unanimously positive analyst reviews, to give the stock a Strong Buy consensus rating. (See Biogen stock forecast) Constellation Brands (STZ) Last up on our list of Cowen’s best ideas is Constellation Brands, a consumer staple and the largest beer importer in the United States. The Modelo brand, which saw the lion’s share of that take, saw solid gains this year, and in Constellation’s recent report for fiscal 2Q24, the Modelo brand family’s momentum drove the company’s beer business growth.
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Writing on Amazon for Cowen, 5-star analyst John Blackledge names the company as his top pick in large cap stocks, given the combination of record margins and high AWS growth. (See Amazon stock forecast) Biogen, Inc. (BIIB) Next up is Biogen, a major name in the world of biopharmaceutical research. (See Biogen stock forecast) Constellation Brands (STZ) Last up on our list of Cowen’s best ideas is Constellation Brands, a consumer staple and the largest beer importer in the United States.
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2023-12-11 00:00:00 UTC
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Peoples Bancorp (PEBO) Surges 5.1%: Is This an Indication of Further Gains?
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DCOMP
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https://www.nasdaq.com/articles/peoples-bancorp-pebo-surges-5.1%3A-is-this-an-indication-of-further-gains
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Peoples Bancorp (PEBO) shares rallied 5.1% in the last trading session to close at $31.96. 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 1.7% gain over the past four weeks.
The Federal Reserve signaled end of the current rate cycle and kept the interest rates unchanged at 22-year high of 5.25-5.5% at the end of two-day FOMC meeting. The central bank also indicated 75 basis points cut in rates by 2024-end. These developments turned investor sentiments bullish as high funding costs being faced by banks will likely come down somewhat next year, thus support net interest income and margin. Thus, the PEBO stock moved higher.
This financial services and products company is expected to post quarterly earnings of $0.94 per share in its upcoming report, which represents a year-over-year change of -4.1%. Revenues are expected to be $115 million, up 27.7% 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 Peoples 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 PEBO 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 >>>>
Peoples Bancorp is part of the Zacks Banks - Midwest industry. Old Second Bancorp (OSBC), another stock in the same industry, closed the last trading session 4.4% higher at $16.02. OSBC has returned 4.3% in the past month.
Old Second Bancorp's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.54. Compared to the company's year-ago EPS, this represents a change of +1.9%. Old Second Bancorp currently boasts a Zacks Rank of #1 (Strong Buy).
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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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These developments turned investor sentiments bullish as high funding costs being faced by banks will likely come down somewhat next year, thus support net interest income and margin. This financial services and products company is expected to post quarterly earnings of $0.94 per share in its upcoming report, which represents a year-over-year change of -4.1%. 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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You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Peoples Bancorp is part of the Zacks Banks - Midwest industry. Old Second Bancorp's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.54. Click to get this free report Peoples Bancorp Inc. (PEBO) : Free Stock Analysis Report Old Second Bancorp, Inc. (OSBC) : 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 >>>> Peoples Bancorp is part of the Zacks Banks - Midwest industry. Click to get this free report Peoples Bancorp Inc. (PEBO) : Free Stock Analysis Report Old Second Bancorp, Inc. (OSBC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Thus, the PEBO stock moved higher. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Peoples Bancorp is part of the Zacks Banks - Midwest industry. Old Second Bancorp (OSBC), another stock in the same industry, closed the last trading session 4.4% higher at $16.02.
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2023-12-11 00:00:00 UTC
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A Bull Market Is Coming: The 2 Best "Magnificent Seven" Stocks to Buy Now, According to Wall Street
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https://www.nasdaq.com/articles/a-bull-market-is-coming%3A-the-2-best-magnificent-seven-stocks-to-buy-now-according-to-wall
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In the third quarter, S&P 500 companies reported earnings growth for the first time in a full year. Wall Street strategists expect that momentum to accelerate in the fourth quarter, and the prospect of another round of strong financial results is just one of the factors pushing the S&P 500 toward a record high, which would usher in a new bull market.
So what? The S&P 500 has often produced triple-digit returns during past bull markets, so many stocks would likely skyrocket during the next one. Investors looking for ways to capitalize on that upswing should consider the so-called Magnificent Seven stocks, a group of seven megacap tech stocks that have historically created tremendous wealth for shareholders.
The components of the Magnificent Seven are listed alphabetically below. Beside each is the median 12-month price target among Wall Street analysts, and the implied upside from the current price.
Alphabet: $154 per share (16% upside)
Amazon: (NASDAQ: AMZN): $175 per share (21% upside)
Apple: $200 per share (3% upside)
Meta Platforms: $382 per share (17% upside)
Microsoft: $414 per share (12% upside)
Nvidia: (NASDAQ: NVDA): $650 per share (39% upside)
Tesla: $256 per share (7% upside)
Wall Street is forecasting upside for all the Magnificent Seven stocks, but none more so than Nvidia and Amazon. In other words, analysts see those stocks as the best buys of the bunch right now. Here's what investors should know.
Nvidia: 39% implied upside
Nvidia reported stunning financial results in the third quarter. Total revenue soared 206% year over year to $18.1 billion on record data center sales supercharged by interest in artificial intelligence (AI). Meanwhile, non-GAAP net income jumped sixfold to $10 billion as high-margin software and services accounted for more of total revenue.
Yet, Nvidia has hardly tapped its $1 trillion addressable market, and the investment thesis remains quite compelling: Nvidia graphics processing units (GPUs) are the gold standard in accelerated computing, a discipline that uses specialized hardware to speed up complex data center workloads. In fact, the company holds a 90% market share in workstation graphics processors, and an 80% to 95% market share in machine learning chips, according to analysts.
That last point is particularly salient. It means Nvidia dominates the AI hardware market, and that alone puts the company in a winning position. But Nvidia is truly formidable because it has a complementary ecosystem of AI software and services. DGX Cloud brings those product together, providing businesses with on-demand access to the supercomputing infrastructure, software, and pre-trained models needed to build and deploy AI applications.
In short, Nvidia has the best AI hardware on the market, and DGX Cloud makes its products more widely accessible than ever before. To quote Argus analyst Jim Kelleher, "Nvidia stands out, in our view, not only because it participates in so many parts of the dynamic AI economy, but because it has synthesized its offerings into a first-of-its-kind AI-as-a-service delivered through the cloud."
With that in mind, the AI market is projected to expand at 37% annually through 2030, and Nvidia should be a major (if not the biggest) beneficiary. Indeed, Morningstar analysts expect the company to grow revenue at 22% annually over the next decade. That forecast makes its current valuation of 25.8 times sales look relatively reasonable.
There is no guarantee that Nvidia shareholders will see 39% gains over the next year. But patient investors who can withstand volatility should feel comfortable buying a few shares today, provided they plan to hold the stock for at least five years.
Amazon: 21% implied upside
Amazon reported solid third-quarter financial results. Revenue increased 13% to $143 billion on particularly strong momentum in retail and advertising, and generally accepted accounting principles (GAAP) net income tripled to reach $9.9 billion as the company continued to make progress on expense management.
Amazon rewarded shareholders with year-to-date returns of 74%, but the company has three tailwinds at its back that leave plenty of upside for investors.
First, Amazon is synonymous with e-commerce, as evidenced by its 39% market share in online retail sales across Western Europe and North America. That scale creates a powerful network effect, and Amazon reinforced that virtuous cycle with adjacent logistics services that simplify fulfillment for merchants.
Second, Amazon rolled its success in retail into a strong presence in the digital advertising market. Indeed, the company accounts for 75% of U.S. retail media spend, which is 10 times the market share held by its closest competitor, and it ranks as the third-largest ad tech company in the world. That success arises from its ability to engage consumers and source shopper data from its marketplace, so Amazon should continue to thrive in digital advertising for as long as it remains a leader in e-commerce.
Third, Amazon Web Services (AWS) is the leader in cloud infrastructure and platform services, holding nearly as much market share as Microsoft Azure and Alphabet's Google Cloud Platform combined. Of particular note, AWS has the broadest and deepest set of AI services in the cloud, and consultancy Gartner recently recognized the company as a leader in cloud AI developer services.
Here's how that shakes out: Online retail sales are forecasted to grow at 8% annually through 2030, while the digital advertising and cloud computing markets are projected to grow at 10% annually and 17% annually, respectively, through 2032. That gives Amazon a good shot at low-double-digit revenue growth over the next decade, with a possible upside if AI products like Bedrock really take off.
In any case, that forecast makes Amazon's current valuation of 2.7 times sales look cheap. There is no guarantee shareholders will see 21% gains in the next year, but patient investors willing to hold this Magnificent Seven stock for the next five years can confidently buy a small position today.
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
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. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Trevor Jennewine has positions in Amazon, Nvidia, and Tesla. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla. The Motley Fool recommends Gartner. 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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Wall Street strategists expect that momentum to accelerate in the fourth quarter, and the prospect of another round of strong financial results is just one of the factors pushing the S&P 500 toward a record high, which would usher in a new bull market. To quote Argus analyst Jim Kelleher, "Nvidia stands out, in our view, not only because it participates in so many parts of the dynamic AI economy, but because it has synthesized its offerings into a first-of-its-kind AI-as-a-service delivered through the cloud." That success arises from its ability to engage consumers and source shopper data from its marketplace, so Amazon should continue to thrive in digital advertising for as long as it remains a leader in e-commerce.
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Alphabet: $154 per share (16% upside) Amazon: (NASDAQ: AMZN): $175 per share (21% upside) Apple: $200 per share (3% upside) Meta Platforms: $382 per share (17% upside) Microsoft: $414 per share (12% upside) Nvidia: (NASDAQ: NVDA): $650 per share (39% upside) Tesla: $256 per share (7% upside) Wall Street is forecasting upside for all the Magnificent Seven stocks, but none more so than Nvidia and Amazon. Here's how that shakes out: Online retail sales are forecasted to grow at 8% annually through 2030, while the digital advertising and cloud computing markets are projected to grow at 10% annually and 17% annually, respectively, through 2032. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla.
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Alphabet: $154 per share (16% upside) Amazon: (NASDAQ: AMZN): $175 per share (21% upside) Apple: $200 per share (3% upside) Meta Platforms: $382 per share (17% upside) Microsoft: $414 per share (12% upside) Nvidia: (NASDAQ: NVDA): $650 per share (39% upside) Tesla: $256 per share (7% upside) Wall Street is forecasting upside for all the Magnificent Seven stocks, but none more so than Nvidia and Amazon. Third, Amazon Web Services (AWS) is the leader in cloud infrastructure and platform services, holding nearly as much market share as Microsoft Azure and Alphabet's Google Cloud Platform combined. Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Nvidia wasn't one of them.
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Here's how that shakes out: Online retail sales are forecasted to grow at 8% annually through 2030, while the digital advertising and cloud computing markets are projected to grow at 10% annually and 17% annually, respectively, through 2032. 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 Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla.
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403da4de-5f78-4b5d-ba81-b4dfe841254f
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713572.0
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2023-12-11 00:00:00 UTC
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Zurich Appoints Swiss Re's Claudia Cordioli As Group CFO, Effective March 1
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DCOMP
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https://www.nasdaq.com/articles/zurich-appoints-swiss-res-claudia-cordioli-as-group-cfo-effective-march-1
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(RTTNews) - Zurich Insurance Group AG (ZURVY) announced Thursday the appointment of Claudia Cordioli as Group Chief Financial Officer and member of the Executive Committee with effect from March 1, 2024, subject to regulatory approval.
She will succeed Group CFO George Quinn, who has decided to step down after 10 years. Quinn will oversee the completion of the Swiss insurer's 2023 Annual Results and will ensure a smooth transition.
Cordioli joins Zurich from Swiss Re, where she held multiple roles across finance and the business over the past 20 years. Most recently, she served as Group Finance Director overseeing core finance functions as well as the firm's transition to IFRS 17.
She was CFO of the Reinsurance business unit between 2020 and 2022. Prior to that, Cordioli was Head of Western & Southern Europe. Prior to Swiss Re, she worked in several consulting firms, including KPMG.
Quinn joined Zurich in 2014 as Group CFO and member of the Executive Committee.
In Switzerland, Zurich Insurance shares were trading at 449.20 Swiss francs, down 1 percent.
The views and 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) - Zurich Insurance Group AG (ZURVY) announced Thursday the appointment of Claudia Cordioli as Group Chief Financial Officer and member of the Executive Committee with effect from March 1, 2024, subject to regulatory approval. Quinn will oversee the completion of the Swiss insurer's 2023 Annual Results and will ensure a smooth transition. Cordioli joins Zurich from Swiss Re, where she held multiple roles across finance and the business over the past 20 years.
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(RTTNews) - Zurich Insurance Group AG (ZURVY) announced Thursday the appointment of Claudia Cordioli as Group Chief Financial Officer and member of the Executive Committee with effect from March 1, 2024, subject to regulatory approval. Cordioli joins Zurich from Swiss Re, where she held multiple roles across finance and the business over the past 20 years. Quinn joined Zurich in 2014 as Group CFO and member of the Executive Committee.
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(RTTNews) - Zurich Insurance Group AG (ZURVY) announced Thursday the appointment of Claudia Cordioli as Group Chief Financial Officer and member of the Executive Committee with effect from March 1, 2024, subject to regulatory approval. Cordioli joins Zurich from Swiss Re, where she held multiple roles across finance and the business over the past 20 years. Quinn joined Zurich in 2014 as Group CFO and member of the Executive Committee.
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Cordioli joins Zurich from Swiss Re, where she held multiple roles across finance and the business over the past 20 years. Most recently, she served as Group Finance Director overseeing core finance functions as well as the firm's transition to IFRS 17. Quinn joined Zurich in 2014 as Group CFO and member of the Executive Committee.
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e86c6c63-b22a-4242-abf2-6283985e1ccd
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713573.0
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2023-12-11 00:00:00 UTC
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2 Top Artificial Intelligence (AI) Stocks Ready for a Bull Run
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https://www.nasdaq.com/articles/2-top-artificial-intelligence-ai-stocks-ready-for-a-bull-run-0
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Artificial intelligence (AI) has been the driving force behind the surge in technology stocks in 2023, leading to a 57% jump in the Nasdaq-100 Technology Sector index this year as several companies are benefiting -- or stand to benefit -- from the growing adoption of this technology.
Taiwan Semiconductor Manufacturing (NYSE: TSM) and Snowflake (NYSE: SNOW) are two companies that are witnessing the positive impact of growing AI adoption on their businesses. Shares of both companies are up 34% so far this year, but it won't be surprising to see them step on the gas in 2024 and deliver much stronger gains as AI starts having a stronger influence on their businesses.
Let's look at the reasons why these two tech stocks seem set for a bull run.
1. Taiwan Semiconductor Manufacturing
Foundry giant Taiwan Semiconductor Manufacturing, popularly known as TSMC, is playing a central role in the growing adoption of AI. That's because the world's leading AI chipmaker, Nvidia, sources its AI chips from TSMC.
Nvidia is a fabless semiconductor company, which means that it only designs and sells the chips -- manufacturing is outsourced to foundries such as TSMC. It is worth noting that the booming demand for Nvidia's AI chips is positively impacting TSMC's business as well, as the former is placing more orders to meet the booming end-market demand. This explains why the Taiwan-based company saw a big surge in monthly revenue in October, snapping a seven-month streak of sales declines.
TSMC witnessed a drop in sales and earnings in 2023 on account of weakness in key markets such as smartphones and personal computers. AI chips, however, have been a bright spot for the company. This is evident from the growth in the sales of chips manufactured by TSMC on its 5-nanometer (nm) manufacturing node.
TSMC got 37% of its third-quarter 2023 revenue of $17.3 billion from selling 5nm chips, which equates to $6.4 billion. That was an increase of 14% from the year-ago period when 5nm chips accounted for 28% of its total revenue of $20.2 billion. For comparison, TSMC's Q3 revenue was down almost 15% year over, indicating that AI is already a catalyst for its business.
This catalyst is set to become bigger for TSMC in 2024 for a couple of reasons. First, the company is working to substantially increase its advanced chip packaging capacity. On its October earnings conference call, CEO C.C. Wei remarked that the company will more than double the capacity of its advanced packaging technology, known as CoWoS (chip-on-wafer-on-substrate), to meet the surging customer demand.
The company plans to increase CoWoS packaging capacity in 2025 as well. That's not surprising as this technology allows chipmakers to place multiple chiplets and memory in a single package, allowing chipmakers to extract more power and efficiency that are critical for training AI models. So, the increase in CoWoS packaging capacity should allow TSMC to fulfill more orders from the likes of Nvidia next year.
What's more, Nvidia is expected to adopt TSMC's 3nm architecture in 2024 for making its next-generation graphics cards. All this explains why analysts are anticipating TSMC's fortunes to turn around in 2024. The company's revenue is anticipated to drop 9% in 2023 to $69 billion, but it is expected to deliver almost 20% revenue growth for the next couple of years.
TSM Revenue Estimates for Current Fiscal Year data by YCharts
If TSMC does hit $99 billion in revenue in 2025 and it can maintain its five-year average sales multiple of 8.5 at that time, its market cap could jump to $841 billion in a couple of years. That would be a 60% jump from current levels. With TSMC stock trading at 7.6 times sales right now, investors can buy it at a relatively cheaper valuation, and they may not want to miss this opportunity given the potential upside it could deliver.
2. Snowflake
Snowflake operates a cloud-based data platform that is used by its customers to consolidate data, and then use that data to build applications and gain business insights, among other things. Snowflake, therefore, is going to be another key in the proliferation of AI as large language models (LLMs) are trained using huge amounts of data to develop popular applications such as ChatGPT.
Not surprisingly, Snowflake CEO Frank Slootman remarked on the company's November earnings conference call:
Generative AI is at the forefront of customer conversations, which in turn drives renewed emphasis on data strategy in preparation of these new technologies. We said it many times: There's no AI strategy without a data strategy. The intelligence we're all aiming for resides in the data, hence the quality of that underpinning is critical.
In simpler words, the quality of data by which AI models are trained will dictate the accuracy of the results that they deliver.
Snowflake is looking to capitalize on the need for quality data by encouraging more of its large and growing customer base to share data through its data-sharing architecture. The company says that 28% of its 8,900-strong customer base is sharing data, up from 22% in the year-ago quarter, when it reported a customer base of 7,200.
The company is also offering other AI-related services, such as a fully managed service -- known as Cortex -- to help companies analyze proprietary data and build AI apps. Snowflake customers can summarize documents, extract information, and translate text, among other things, using the Cortex platform without having to invest in expensive hardware.
More importantly, Snowflake is looking to push the envelope by developing new AI-related services. One of these is Document AI, which will enable organizations to turn unstructured documents into semi-structured documents and use them for further analysis.
In all, the growing importance of quality data thanks to the adoption of generative AI is going to be a tailwind for Snowflake and help accelerate the impressive growth the company is already delivering.
The company recently raised its full-year product revenue outlook thanks to an improvement in customer spending. Snowflake is expected to exit fiscal 2024 (which will end in January 2024) with a 35% spike in revenue to $2.79 billion, followed by healthy growth in the next couple of years as well.
SNOW Revenue Estimates for Current Fiscal Year data by YCharts
Investors, however, may be wondering if Snowflake stock is worth buying at a rich 24 times sales. The good news is that Snowflake's top line has headed substantially higher in the past year and its sales multiple has remained the same.
SNOW PS Ratio data by YCharts
With a potential acceleration in growth thanks to new catalysts such as AI, investors would do well to buy the stock right now as it has gained robust momentum following Snowflake's latest results and could go on a sustained bull run.
Should you invest $1,000 in Snowflake right now?
Before you buy stock in Snowflake, 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 Snowflake wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 11, 2023
Harsh Chauhan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia, Snowflake, and Taiwan Semiconductor Manufacturing. 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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Not surprisingly, Snowflake CEO Frank Slootman remarked on the company's November earnings conference call: Generative AI is at the forefront of customer conversations, which in turn drives renewed emphasis on data strategy in preparation of these new technologies. SNOW Revenue Estimates for Current Fiscal Year data by YCharts Investors, however, may be wondering if Snowflake stock is worth buying at a rich 24 times sales. SNOW PS Ratio data by YCharts With a potential acceleration in growth thanks to new catalysts such as AI, investors would do well to buy the stock right now as it has gained robust momentum following Snowflake's latest results and could go on a sustained bull run.
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Taiwan Semiconductor Manufacturing (NYSE: TSM) and Snowflake (NYSE: SNOW) are two companies that are witnessing the positive impact of growing AI adoption on their businesses. TSM Revenue Estimates for Current Fiscal Year data by YCharts If TSMC does hit $99 billion in revenue in 2025 and it can maintain its five-year average sales multiple of 8.5 at that time, its market cap could jump to $841 billion in a couple of years. SNOW Revenue Estimates for Current Fiscal Year data by YCharts Investors, however, may be wondering if Snowflake stock is worth buying at a rich 24 times sales.
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TSM Revenue Estimates for Current Fiscal Year data by YCharts If TSMC does hit $99 billion in revenue in 2025 and it can maintain its five-year average sales multiple of 8.5 at that time, its market cap could jump to $841 billion in a couple of years. Snowflake Snowflake operates a cloud-based data platform that is used by its customers to consolidate data, and then use that data to build applications and gain business insights, among other things. Before you buy stock in Snowflake, 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 Snowflake wasn't one of them.
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The company's revenue is anticipated to drop 9% in 2023 to $69 billion, but it is expected to deliver almost 20% revenue growth for the next couple of years. TSM Revenue Estimates for Current Fiscal Year data by YCharts If TSMC does hit $99 billion in revenue in 2025 and it can maintain its five-year average sales multiple of 8.5 at that time, its market cap could jump to $841 billion in a couple of years. Before you buy stock in Snowflake, 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 Snowflake wasn't one of them.
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bf9b01f1-c924-4449-a7cd-d614b2bf8680
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713574.0
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2023-12-11 00:00:00 UTC
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Civista Bancshares (CIVB) Soars 10.6%: Is Further Upside Left in the Stock?
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DCOMP
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https://www.nasdaq.com/articles/civista-bancshares-civb-soars-10.6%3A-is-further-upside-left-in-the-stock
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Civista Bancshares (CIVB) shares soared 10.6% in the last trading session to close at $18.13. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 4.1% gain over the past four weeks.
The Federal Reserve signaled end of the current rate cycle and kept the interest rates unchanged at 22-year high of 5.25-5.5% at the end of 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 being faced by the industry players will somewhat come down next year, thus supporting net interest income and margin. Thus, the CIVB stock moved higher.
This bank holding company is expected to post quarterly earnings of $0.56 per share in its upcoming report, which represents a year-over-year change of -27.3%. Revenues are expected to be $38.4 million, down 9.9% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Civista 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 CIVB 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 >>>>
Civista Bancshares is part of the Zacks Banks - Midwest industry. Park National (PRK), another stock in the same industry, closed the last trading session 5.4% higher at $131.09. PRK has returned 9.1% in the past month.
For Park National, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.92. This represents a change of -1% from what the company reported a year ago. Park National currently has a Zacks Rank of #1 (Strong Buy).
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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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These developments turned investor sentiments bullish on bank stocks as high funding costs being faced by the industry players will somewhat come down next year, thus supporting net interest income and margin. This bank holding company is expected to post quarterly earnings of $0.56 per share in its upcoming report, which represents a year-over-year change of -27.3%. 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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You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Civista Bancshares is part of the Zacks Banks - Midwest industry. For Park National, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.92. Click to get this free report Civista Bancshares, Inc. (CIVB) : Free Stock Analysis Report Park National Corporation (PRK) : 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 >>>> Civista Bancshares is part of the Zacks Banks - Midwest industry. Click to get this free report Civista Bancshares, Inc. (CIVB) : Free Stock Analysis Report Park National Corporation (PRK) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Further, the central bank indicated three interest rate cuts by 2024-end. Thus, the CIVB stock moved higher. This bank holding company is expected to post quarterly earnings of $0.56 per share in its upcoming report, which represents a year-over-year change of -27.3%.
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d86727ac-7c33-40e7-9098-ff6cd5a7c3ef
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713575.0
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2023-12-11 00:00:00 UTC
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Is Now the Time to Buy Artificial Intelligence (AI) Stock Symbotic?
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DCOMP
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https://www.nasdaq.com/articles/is-now-the-time-to-buy-artificial-intelligence-ai-stock-symbotic
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nan
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nan
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Artificial intelligence became a hot topic in 2023, and that's understandable given how much potential AI holds for business transformation. One example is the AI developed by Symbotic (NASDAQ: SYM), which serves as the brain for the company's robotics technology.
Symbotic specializes in providing automation systems to businesses that rely on distribution centers for delivery of products to stores. Symbotic installs and operates an army of robots to boost speed and efficiency at these distribution centers. These machines are managed by artificial intelligence to function seamlessly and safely alongside humans.
The company illustrates the transformative power of AI, but that doesn't mean Symbotic stock is a buy. Many businesses touted AI capabilities this year, but some analysis is required to know if Symbotic is one deserving of your investment dollars. The company completed its fiscal 2023 on Sept. 30, so now is a good time to evaluate if it's a worthwhile stock to own.
Symbotic's pros and cons
Symbotic experienced strong year-over-year revenue growth in 2023 as it exceeded $1 billion in sales for the first time. The company ended its fiscal year with $1.2 billion in revenue, an increase of nearly 100% over the prior year's $593.3 million.
Symbotic achieved excellent revenue growth this year by nearly doubling the number of sites where its robot workforce was installed to 12 locations, up from seven in 2022. The company also added Southern Glazer's Wine and Spirits, the largest U.S. distributor of alcoholic beverages, as a customer alongside the likes of Walmart, which owns a stake in Symbotic.
But while Symbotic's top line is growing at a torrid pace, its bottom line is going in the opposite direction. The company suffered a net loss of $207.9 million in fiscal 2023, nearly 50% higher than the prior year's net loss of $139.1 million.
Moreover, a glance at Symbotic's balance sheet might prove frightening. The company exited fiscal 2023 with total assets of $1.1 billion, but also total liabilities of $1.1 billion. That's because Symbotic had deferred revenue of $787.2 million on its fiscal fourth-quarter balance sheet, representing the money it received from customers as payment for future installation of its robotics technology.
Once the installation is executed, that deferred revenue figure will become part of the company's realized sales. The consideration for investors is that it takes about two years to complete this installation process. That's a pretty long time before the revenue is recognized.
Symbotic's other factors to consider
These potential downsides have to be weighed against other factors. It's common for high-growth tech companies to operate at a loss for years, so Symbotic's lack of profitability isn't concerning yet.
The substantial deferred revenue is to be expected, since the company is in the process of installing 35 systems, more than double the 17 systems that were in process at the end of the last fiscal year. This indicates Symbotic's revenue is likely to continue growing as systems come online.
Another positive sign is Symbotic's growing gross profit, which rose to $189.7 million in fiscal 2023 from $99.6 million the year prior. This tells you the company is capable of expanding its business profitably. It's now a matter of wrangling costs.
To that end, Symbotic is focusing on cost-effectively scaling its operations to deploy its systems faster while reducing expenses. It's doing so through improvements in its technology and via partnerships.
Symbotic's AI now processes a massive 6 terabytes of data per day on average as it makes decisions for each robot's activities. And further software enhancements are being made to improve efficiency.
In addition, Symbotic is gradually outsourcing the work to deploy its systems to partners, reducing the two-year timeframe for deployments. These partners are ramping up, so the company should start to see rollouts accelerate and costs drop over time.
To buy or not to buy Symbotic stock
Symbotic is making a lot of the right moves by bringing in partners and continuing to refine its AI and other technologies. Its revenue growth looks promising given the increase in deployments. And once customers adopt Symbotic's systems, it's not easy to switch to a competitor, given the complexities involved in installing the tech.
That said, its stint as a publicly traded company is brief. Symbotic's IPO took place in 2022. So there's not a lot of history to gauge its potential for long-term success.
Because the company is still young, it's a bit of a speculative investment at this stage. Its strong fiscal 2023 suggests it may be worth buying a small stake in the company. But if you're risk averse, at minimum, this AI-powered company is worth putting on your watch list.
Should you invest $1,000 in Symbotic right now?
Before you buy stock in Symbotic, 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 Symbotic wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of the S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 11, 2023
Robert Izquierdo has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Walmart. 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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Symbotic achieved excellent revenue growth this year by nearly doubling the number of sites where its robot workforce was installed to 12 locations, up from seven in 2022. The company also added Southern Glazer's Wine and Spirits, the largest U.S. distributor of alcoholic beverages, as a customer alongside the likes of Walmart, which owns a stake in Symbotic. That's because Symbotic had deferred revenue of $787.2 million on its fiscal fourth-quarter balance sheet, representing the money it received from customers as payment for future installation of its robotics technology.
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The company ended its fiscal year with $1.2 billion in revenue, an increase of nearly 100% over the prior year's $593.3 million. Another positive sign is Symbotic's growing gross profit, which rose to $189.7 million in fiscal 2023 from $99.6 million the year prior. Before you buy stock in Symbotic, 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 Symbotic wasn't one of them.
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The company illustrates the transformative power of AI, but that doesn't mean Symbotic stock is a buy. To buy or not to buy Symbotic stock Symbotic is making a lot of the right moves by bringing in partners and continuing to refine its AI and other technologies. Before you buy stock in Symbotic, 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 Symbotic wasn't one of them.
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That's because Symbotic had deferred revenue of $787.2 million on its fiscal fourth-quarter balance sheet, representing the money it received from customers as payment for future installation of its robotics technology. The substantial deferred revenue is to be expected, since the company is in the process of installing 35 systems, more than double the 17 systems that were in process at the end of the last fiscal year. Before you buy stock in Symbotic, 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 Symbotic wasn't one of them.
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713576.0
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2023-12-11 00:00:00 UTC
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2 Utility Stocks to Buy Hand Over Fist in 2024 and 1 to Avoid Like the Plague
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DCOMP
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https://www.nasdaq.com/articles/2-utility-stocks-to-buy-hand-over-fist-in-2024-and-1-to-avoid-like-the-plague
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nan
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If there's one constant on Wall Street, it's that things change. After holding up surprisingly well during the 2022 bear market, the utility sector has been Wall Street's worst performer in 2023, as of Dec. 1.
Most investors flock to utility stocks for their dividends and low volatility. Consumption habits for electricity, water, and natural gas don't change much from one year to the next. This often leads to highly predictable operating cash flow and the ability for utility stocks to pass along market-topping yields.
However, rapidly rising interest rates have created the perfect storm for this traditional safe haven. With Treasury yields soaring to around 5%, investors have been able to pile into longer-term bonds and short-term Treasury bills to net an equal or greater return than most utility stocks -- but with far less risk.
Image source: Getty Images.
The good news for utility stocks is that Federal Reserve rate cuts are back on the table for 2024. As a result, Treasury yields have been retreating. The lower Treasury yields go, the more attractive this safe-haven sector becomes.
As we steam toward a new year, two utility stocks stand out as truly phenomenal buys, while another high-profile utility stock is best avoided.
Utility stock No. 1 to buy hand over fist in 2024: NextEra Energy
Among the more than 100 publicly traded utilities to choose from, the one that stands out as nothing short of a screaming buy for 2024 is electric utility NextEra Energy (NYSE: NEE). NextEra is the sector's largest utility by market cap ($122 billion).
In addition to being weighed down by higher bond yields, NextEra's stock took a big hit in late September and early October when NextEra Energy Partners (NYSE: NEP) slashed its dividend-growth guidance to a range of 5% to 8% through 2026 from an expected double-digit annual growth rate. Parent NextEra Energy orchestrates a number of drop-down transactions to NextEra Energy Partners, and this had investors clearly concerned that NextEra Energy's future growth may be impacted. Thankfully, NextEra Energy's third-quarter operating results and outlook put those rumors to bed.
What separates NextEra Energy from a veritable sea of electric utility stocks is its focus on renewable energy. Out of the 70 gigawatts (GW) of capacity NextEra had in operation as of Sept. 30, 34 GW were devoted to renewable energy. This includes 23 GW of wind capacity and 6 GW of solar capacity, both of which are high-water marks globally for any electric utility.
Investing in green-energy projects is undeniably costly. But the good news for NextEra Energy is that it's paying dividends. The company's electricity generation costs are considerably lower than its peers, which has led to a compound adjusted earnings-per-share growth rate of 9.8% since 2012. By comparison, most electric utilities grow their bottom lines by a low-single-digit percentage.
NextEra has no plans to slow down its green energy push, either. Between the start of 2023 and the end of 2026, an expected 32.7 GW to 41.8 GW of renewable energy is expected to be put into operation.
With NextEra Energy stock having its worst year in well over a decade, its forward price-to-earnings (P/E) ratio has fallen to 17.5. This marks the cheapest it's traded to forward-year earnings since 2015 and makes NextEra shares a phenomenal buy.
Utility stock No. 2 to buy hand over fist in 2024: York Water
A second utility stock that investors can confidently buy hand over fist in the new year is water utility York Water (NASDAQ: YORW). As you're about to see, this under-the-radar water and wastewater utility provider is "Wall Street's Greatest Dividend Stock."
Unlike NextEra Energy, which was dragged lower by the poor performance of NextEra Energy Partners, there aren't any operating red flags for York. The poor performance of its shares in 2023 seems to be solely the result of Treasury bonds offering investors a potentially safer way to generate income. Further, York Water's 2.2% yield is only marginally higher than the yield of the benchmark S&P 500.
But this dividend is what makes York so special. The company has paid a continuous dividend to its shareholders since its founding in 1816. That's 207 consecutive years -- six decades longer than any other public company in the United States. That's how rock-solid York Water is from a payout standpoint.
The consistency of York's dividend is a function of it being a regulated water and wastewater utility for 54 municipalities in South-Central Pennsylvania. By "regulated," I mean the company is unable to pass along rate hikes to its customers without the state approval of a public utility commission (in this case, the Pennsylvania Public Utility Commission, or PPUC). Being regulated ensures that York avoids wholesale pricing, which makes its operating cash flow highly predictable.
To speak further on this point, York Water was given the OK in January 2023 by the PPUC to increase rates on approximately 75,000 of its customers. This rate hike is in response to $176 million in ongoing and future infrastructure upgrades. This increase is adding $13.5 million in revenue to the company's top line in 2023, which is a roughly 22% improvement from last year.
York's ability to make earnings-accretive acquisitions shouldn't be overlooked, either. Given that utilities typically operate as monopolies or duopolies in the areas they service, homeowners and renters rarely have a choice when it comes to which company handles their services. A steady diet of bolt-on acquisitions has worked well for York Water.
Image source: Getty Images.
The utility stock to avoid like the plague in the new year: Hawaiian Electric Industries
Although the utility sector is typically a safe place to put your money to work, there's always the potential for downside. The one utility stock investors would be wise to avoid like the plague in 2024 is Hawaiian Electric Industries (NYSE: HE).
If there's one factor working in Hawaiian Electric's favor, it's that the company remains profitable on an adjusted basis. In fact, the $0.56-per-share profit reported during the September-ended quarter topped Wall Street's consensus by 4%. But that's about the only positive to bring to the table for Hawaiian Electric, which is attempting to navigate its way through a challenging situation.
The company's financial concerns stem from the tragic Lahaina wildfire that swept through Maui in mid-August, resulting in the deaths of 100 people. Dozens of outstanding lawsuits claim that Hawaiian Electric's equipment caused and/or failed to mitigate the deadly wildfire.
For its part, Hawaiian Electric is contributing $75 million out of the more than $150 million set aside for the One Ohana Initiative. This is a fund designed to help those who lost a loved one in the tragic wildfire, as well as people who were severely injured. But keep in mind that the One Ohana Initiative doesn't resolve the dozens of outstanding lawsuits against the company.
How much could it be on the hook for? Hawaiian Electric has $165 million in annual general liability insurance, according to filings with state regulators. But based on estimates from Capstone, the company is facing up to $4.9 billion in potential claims.
To make matters worse, Hawaiian Electric Industries will delay filing its financial statements. The multitude of lawsuits the company is facing, coupled with the aforementioned payout to the One Ohana Initiative, creates a mountain of financial uncertainty. This comes atop the company suspending its quarterly dividend shortly after the Lahaina fire.
The point is that Hawaiian Electric's future as a solvent business may be in doubt. Though it could be an incredible value, given its history of profitability and the infrastructure it already has in place, the dozens of lawsuits the company is facing may be a multiyear overhang. There's simply no reason for investors to take a big risk on Hawaiian Electric in 2024 when the sector is filled with time-tested, profitable, dividend-paying companies.
Should you invest $1,000 in NextEra Energy right now?
Before you buy stock in NextEra Energy, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and NextEra Energy wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 11, 2023
Sean Williams has positions in NextEra Energy. The Motley Fool has positions in and recommends NextEra Energy. 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 poor performance of its shares in 2023 seems to be solely the result of Treasury bonds offering investors a potentially safer way to generate income. The company's financial concerns stem from the tragic Lahaina wildfire that swept through Maui in mid-August, resulting in the deaths of 100 people. The multitude of lawsuits the company is facing, coupled with the aforementioned payout to the One Ohana Initiative, creates a mountain of financial uncertainty.
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This often leads to highly predictable operating cash flow and the ability for utility stocks to pass along market-topping yields. 2 to buy hand over fist in 2024: York Water A second utility stock that investors can confidently buy hand over fist in the new year is water utility York Water (NASDAQ: YORW). The utility stock to avoid like the plague in the new year: Hawaiian Electric Industries Although the utility sector is typically a safe place to put your money to work, there's always the potential for downside.
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1 to buy hand over fist in 2024: NextEra Energy Among the more than 100 publicly traded utilities to choose from, the one that stands out as nothing short of a screaming buy for 2024 is electric utility NextEra Energy (NYSE: NEE). 2 to buy hand over fist in 2024: York Water A second utility stock that investors can confidently buy hand over fist in the new year is water utility York Water (NASDAQ: YORW). Before you buy stock in NextEra Energy, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and NextEra Energy wasn't one of them.
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Utility stock No. Before you buy stock in NextEra Energy, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and NextEra Energy wasn't one of them.
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a1b3b56e-2aa8-4aa7-bca6-b2b013d27fdc
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713577.0
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2023-12-11 00:00:00 UTC
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Is Rivian the Best EV Stock to Own in 2024?
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DCOMP
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https://www.nasdaq.com/articles/is-rivian-the-best-ev-stock-to-own-in-2024
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nan
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nan
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Rivian (NASDAQ: RIVN) was the first company to launch an electric pickup truck, but that space is quickly becoming more crowded. With the Ford F-150 Lightning and now the Tesla Cybertruck available, Rivian isn't the only kid on the block.
Still, it's an exciting investment because it's a young and growing company with a great product. But could it be the best EV stock for 2024? Let's find out.
Rivian's product figures have steadily risen
Rivian's lineup currently consists of two vehicles: the R1T (T for truck) and the R1S (S for SUV). It also owns the contract to make Amazon's electric delivery vans. However, it plans on launching an R2 model in 2026 that is slated to be more economical. Rivian's vehicles aren't the cheapest EV options, so having a cheaper model that's more attractive to the masses will be key for expanding.
Still, Rivian has been expanding at a healthy rate. In Q3, it produced 16,304 vehicles, its best quarter ever. It also raised its 2023 production guidance number to 54,000, up from the 52,000 figure it updated investors on in Q2. So Rivian isn't just executing; it's also getting better.
This is great news, as Rivian is racing against the clock to turn a profit.
Every vehicle Rivian makes, it loses more money
Despite generating $1.34 billion in revenue in Q3, it cost $1.81 billion to generate that revenue. That means Rivian isn't just unprofitable from an operational standpoint; it's losing money from a production standpoint. Believe it or not, that's a massive improvement over the past year.
QUARTER REVENUE GROSS PROFIT GROSS MARGIN
Q3 2022 $0.536 billion ($0.917 billion) (171%)
Q4 2022 $0.663 billion ($1.000 billion) (151%)
Q1 2023 $0.661 billion ($0.535 billion) (81%)
Q2 2023 $1.121 billion ($0.412 billion) (37%)
Q3 2023 $1.337 billion ($0.477 billion) (36%)
Data source: Rivian.
So, while Rivian has made significant improvements, it's still a ways away from generating any profit on the vehicles it produces, and that doesn't include any operational expenses. If you include those, Rivian lost $1.44 billion in Q3. Few companies can sustain that level of cash burn for an extended period. With about $9 billion in cash and equivalents on its balance sheet, Rivian will need to continue progressing toward profitability or risk needing to raise more capital.
Rivian did that once in 2023, but it didn't go well. It raised $1.5 billion through a convertible debt offering, which caused the stock to plummet nearly 25% to offset the dilution that the increased share count caused.
If Rivian has to return to the public market to raise more money, investors shouldn't be surprised if there is a similar response.
But even if Rivian succeeds, is there more room for the stock to run?
Rivian stock is already valued at a premium
At its current levels, Rivian has a market cap of about $18 billion, about half the size of legacy automaker Ford at $44 billion. It's well documented that the legacy automakers trade at dirt cheap valuations, while Tesla trades at a much higher premium.
While Rivian is unprofitable, if we assigned Tesla's profit margins to Rivian (11% over the past 12 months), Rivian would be producing about $416 million in profits. That would value Rivian stock at around 44 times earnings if it achieves Tesla's profit levels. While that's cheaper than Tesla's 77 times earnings, it's still far more expensive than Ford's 7.3 times.
However, Rivian is a ways away from getting to this profitability level. With its current margins, it may not even make it there. As a result, I think Rivian is still a risky investment, as it's already expensive.
Even if Rivian can reach full production levels and break even, it's already expensively valued. As a result, I don't think Rivian will be 2024's top EV stock.
Should you invest $1,000 in Rivian Automotive right now?
Before you buy stock in Rivian Automotive, 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 Rivian Automotive 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
Keithen Drury has positions in Tesla. The Motley Fool has positions in and recommends Tesla. 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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Rivian (NASDAQ: RIVN) was the first company to launch an electric pickup truck, but that space is quickly becoming more crowded. Rivian's vehicles aren't the cheapest EV options, so having a cheaper model that's more attractive to the masses will be key for expanding. So, while Rivian has made significant improvements, it's still a ways away from generating any profit on the vehicles it produces, and that doesn't include any operational expenses.
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Every vehicle Rivian makes, it loses more money Despite generating $1.34 billion in revenue in Q3, it cost $1.81 billion to generate that revenue. Q3 2022 $0.536 billion ($0.917 billion) (171%) Q4 2022 $0.663 billion ($1.000 billion) (151%) Q1 2023 $0.661 billion ($0.535 billion) (81%) Q2 2023 $1.121 billion ($0.412 billion) (37%) Q3 2023 $1.337 billion ($0.477 billion) (36%) Data source: Rivian. Before you buy stock in Rivian Automotive, 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 Rivian Automotive wasn't one of them.
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Q3 2022 $0.536 billion ($0.917 billion) (171%) Q4 2022 $0.663 billion ($1.000 billion) (151%) Q1 2023 $0.661 billion ($0.535 billion) (81%) Q2 2023 $1.121 billion ($0.412 billion) (37%) Q3 2023 $1.337 billion ($0.477 billion) (36%) Data source: Rivian. While Rivian is unprofitable, if we assigned Tesla's profit margins to Rivian (11% over the past 12 months), Rivian would be producing about $416 million in profits. Before you buy stock in Rivian Automotive, 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 Rivian Automotive wasn't one of them.
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Rivian's vehicles aren't the cheapest EV options, so having a cheaper model that's more attractive to the masses will be key for expanding. Rivian stock is already valued at a premium At its current levels, Rivian has a market cap of about $18 billion, about half the size of legacy automaker Ford at $44 billion. Before you buy stock in Rivian Automotive, 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 Rivian Automotive wasn't one of them.
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fd4c046d-d2e9-4bde-978a-4c07133ccf9f
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713578.0
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2023-12-11 00:00:00 UTC
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Cathie Wood's Ark Innovation ETF Is Soaring. Can It Make You a Millionaire?
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DCOMP
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https://www.nasdaq.com/articles/cathie-woods-ark-innovation-etf-is-soaring.-can-it-make-you-a-millionaire
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nan
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nan
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Few investors get as much attention as Cathie Wood, and it's easy to see why.
Wood's 2018 call that Tesla (NASDAQ: TSLA) would hit a pre-split price of $4,000 per share in the next five years seemed outlandish at the time, but it turned out to be true in 2021, the year after Wood's flagship fund Ark Innovation ETF (NYSEMKT: ARKK) jumped 100%. It's also helped that Ark's funds publicly share their daily trading activity and research papers, and actively post and engage on social media, while most investment funds are more secretive about their activities.
Shares of Ark Innovation ETF have pulled back since then, but the exchange-traded fund (ETF) is rallying again and is set to cap off a strong performance in 2023. Through Dec. 11, the ETF is up 55% this year, easily outpacing both the S&P 500 and the Nasdaq Composite.
Is it worth investing in the ETF now? Let's take a closer look at Ark Innovation ETF, its prospects heading into 2024, and whether it can make you a millionaire.
Image source: Getty Images.
What is Ark Innovation ETF?
Ark Innovation is an actively managed ETF that aims for long-term growth by investing in companies with disruption innovation. Ark defines disruptive innovation as companies that are introducing "a technologically enabled new product or service that potentially changes the way the world works."
The fund's top-five holdings are Coinbase Global (NASDAQ: COIN), Roku (NASDAQ: ROKU), UiPath (NYSE: PATH), Tesla, and Zoom Video Communications (NASDAQ: ZM). Together, those five stocks make up roughly 40% of the Ark Innovation ETF.
Coinbase is a leading cryptocurrency exchange, and Wood is fond of the asset class. Her funds also invest in Bitcoin, which she said would reach $1.48 million per token by 2030, a gain of more than 30 times from its current price.
Roku is the leading streaming distribution platform. UiPath is known for robotics-process automation. Tesla is the well-known leader in electric vehicles (EVs), and Zoom is the popular video-communications platform.
Those companies are all known as disruptors, and many of the stocks in the Ark Innovation ETF have some association with artificial intelligence (AI).
Whether those stocks are rightly called winners or not depends on your investment time horizon. All five are down substantially from their peaks during the pandemic when investors seemed convinced that the pandemic-driven boom in stocks like Zoom would persist.
Can the Ark Innovation ETF make you a millionaire?
Despite the hoopla surrounding Ark Innovation ETF, the fund's performance since its inception isn't as spectacular as you might think. It's only slightly outperformed the S&P 500 since it started in 2014, excluding dividends, and it's lagged the Nasdaq Composite by a significant margin.
ARKK data by YCharts.
As you can see from the chart above, Ark Innovation shares skyrocketed early in the pandemic before crashing in the sell-off in tech stocks during the reopening.
Historically, Ark Innovation has behaved like a high-beta version of the Nasdaq exchange, meaning it moves in a similar direction to the broad-based, tech-centric index but is more volatile. That makes sense as many of the stock's top holdings are volatile and speculative.
Coinbase's business, for example, is highly dependent on interest in trading in crypto, and that stock crashed in 2022 as crypto prices tumbled. Wood's bull case for Tesla rests largely on the company's investments in AI, but the company has yet to make full self-driving vehicles available outside of a long-running beta test, so her price target of $2,000 by 2027 seems like a reach.
If you're investing in Ark Innovation ETF with the hopes that it will make you rich, it does have the potential to deliver big gains if the market cooperates, interest rates fall, and AI takes off, but Ark Innovation ETF also remains a high-risk investment.
With many of its top holdings minimally profitable or even unprofitable, the ETF is likely to get whacked in another market crash or a recession.
Risk-tolerant investors may benefit from exposure to Wood's flagship fund as it could be a multibagger again, but be wary of the downside risks as the ETF could see a similar boom/bust cycle to what it experienced during the pandemic.
Should you invest $1,000 in Ark ETF Trust-Ark Innovation ETF right now?
Before you buy stock in Ark ETF Trust-Ark Innovation ETF, 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 Ark ETF Trust-Ark Innovation ETF wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 11, 2023
Jeremy Bowman has positions in Ark ETF Trust - Ark Innovation ETF, Roku, and Zoom Video Communications. The Motley Fool has positions in and recommends Bitcoin, Coinbase Global, Roku, Tesla, UiPath, and Zoom Video Communications. 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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Historically, Ark Innovation has behaved like a high-beta version of the Nasdaq exchange, meaning it moves in a similar direction to the broad-based, tech-centric index but is more volatile. Risk-tolerant investors may benefit from exposure to Wood's flagship fund as it could be a multibagger again, but be wary of the downside risks as the ETF could see a similar boom/bust cycle to what it experienced during the pandemic. The Motley Fool has positions in and recommends Bitcoin, Coinbase Global, Roku, Tesla, UiPath, and Zoom Video Communications.
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The fund's top-five holdings are Coinbase Global (NASDAQ: COIN), Roku (NASDAQ: ROKU), UiPath (NYSE: PATH), Tesla, and Zoom Video Communications (NASDAQ: ZM). Before you buy stock in Ark ETF Trust-Ark Innovation ETF, 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 Ark ETF Trust-Ark Innovation ETF wasn't one of them. The Motley Fool has positions in and recommends Bitcoin, Coinbase Global, Roku, Tesla, UiPath, and Zoom Video Communications.
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If you're investing in Ark Innovation ETF with the hopes that it will make you rich, it does have the potential to deliver big gains if the market cooperates, interest rates fall, and AI takes off, but Ark Innovation ETF also remains a high-risk investment. Before you buy stock in Ark ETF Trust-Ark Innovation ETF, 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 Ark ETF Trust-Ark Innovation ETF wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Jeremy Bowman has positions in Ark ETF Trust - Ark Innovation ETF, Roku, and Zoom Video Communications.
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Wood's 2018 call that Tesla (NASDAQ: TSLA) would hit a pre-split price of $4,000 per share in the next five years seemed outlandish at the time, but it turned out to be true in 2021, the year after Wood's flagship fund Ark Innovation ETF (NYSEMKT: ARKK) jumped 100%. What is Ark Innovation ETF? Before you buy stock in Ark ETF Trust-Ark Innovation ETF, 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 Ark ETF Trust-Ark Innovation ETF wasn't one of them.
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1c5d45ce-8b05-4510-9490-e75523d833bc
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713579.0
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2023-12-11 00:00:00 UTC
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What Investors Need to Know About Oracle's Cloud Slowdown
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DCOMP
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https://www.nasdaq.com/articles/what-investors-need-to-know-about-oracles-cloud-slowdown
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nan
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nan
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The market didn't respond well to Oracle's (NYSE: ORCL) report for the fiscal second quarter, which ended on Nov. 30. The database and software giant missed analyst expectations for revenue, reporting growth of just 5%.
Software license revenue tumbled 18%, hardware revenue dropped 11%, and services revenue slipped 2%. The cloud services and license support segment, the largest by far, grew sales by 12%.
Overall cloud revenue, which includes infrastructure-as-a-service (Iaas) and software-as-a-service (Saas), expanded by 25%. That compares to 30% growth in the first fiscal quarter. IaaS and SaaS revenue rose 52% and 15%, respectively, down from 66% and 17% growth in the previous quarter.
A mixed bag in the cloud
It's clear from Oracle's results that demand for its software has weakened. Given the current economic environment, marked by companies pulling back on spending in some areas, that's not too surprising.
It's also clear that demand for Oracle's cloud infrastructure is booming. Oracle is still a small player in the IaaS market, which is dominated by Amazon Web Services and Microsoft Azure, but it's growing much faster than its larger competitors. Oracle's IaaS business produced $1.6 billion in revenue in the second quarter.
CEO Safra Katz and Chairman Larry Ellison made it clear during the earnings call that the slowdown in IaaS growth wasn't a demand problem. "So, again, the demand is extraordinary, we can build the data centers relatively fast, and I expect the OCI [Oracle Cloud Infrastructure] growth rate to be over 50% for a few years," said Ellison. "Yes, we're not demand-limited in any way right now," Katz added.
Oracle is having success winning artificial intelligence (AI) workloads, which require powerful GPUs that are in short supply. The bottleneck for Oracle is acquiring those GPUs. "[A]s more GPUs become available and we can put those in, we have just really unlimited amount of demand," said Ellison.
Oracle is seeing strong demand for its cloud infrastructure for other types of workloads, as well -- so much so that the company is embarking on a massive expansion of its cloud computing capacity. Oracle is in the process of expanding its 66 existing cloud data centers and is planning to build 100 new cloud data centers. No timeline was given, but the company emphasized that it's capable of building data centers quickly.
This cloud data center expansion won't be cheap. Oracle expects to spend about $8 billion in fiscal 2024 on capital expenditures, a bit below fiscal 2023 levels but still nearly double what it spent in fiscal 2022. Oracle's capital spending was just $2.4 billion through the first half of the fiscal year, so the company will more than double its rate of spending in the second half as it brings more cloud computing capacity online.
Taking a risk
Oracle is not traditionally a capital-intensive company, but its cloud infrastructure business has changed that.
ORCL Capital Expenditures (TTM) data by YCharts.
The risk for Oracle is that it overbuilds and is stuck with excess capacity and low utilization rates. Demand for AI workloads appears unlimited today, but that may not remain the case once the AI frenzy dies down a bit. And in the general-purpose cloud infrastructure market, a downturn in the economy could slow demand as companies rethink their cloud spending.
It's taken years for Oracle's cloud infrastructure business to gain real traction. The company is looking to take advantage of soaring demand, but it's important to remember that IaaS represented just 12% of total revenue in the second quarter. The rest comes from software, support, services, and hardware, and those businesses aren't exactly booming.
Oracle has the potential to grow into a major player in the cloud infrastructure market, but it won't be smooth sailing for investors. For now, IaaS growth can only move the needle so much.
Should you invest $1,000 in Oracle right now?
Before you buy stock in Oracle, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Oracle wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 11, 2023
John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Timothy Green has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon, Microsoft, and Oracle. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Oracle is still a small player in the IaaS market, which is dominated by Amazon Web Services and Microsoft Azure, but it's growing much faster than its larger competitors. CEO Safra Katz and Chairman Larry Ellison made it clear during the earnings call that the slowdown in IaaS growth wasn't a demand problem. "So, again, the demand is extraordinary, we can build the data centers relatively fast, and I expect the OCI [Oracle Cloud Infrastructure] growth rate to be over 50% for a few years," said Ellison.
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This cloud data center expansion won't be cheap. Oracle expects to spend about $8 billion in fiscal 2024 on capital expenditures, a bit below fiscal 2023 levels but still nearly double what it spent in fiscal 2022. Before you buy stock in Oracle, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Oracle wasn't one of them.
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"So, again, the demand is extraordinary, we can build the data centers relatively fast, and I expect the OCI [Oracle Cloud Infrastructure] growth rate to be over 50% for a few years," said Ellison. Oracle is seeing strong demand for its cloud infrastructure for other types of workloads, as well -- so much so that the company is embarking on a massive expansion of its cloud computing capacity. Before you buy stock in Oracle, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Oracle wasn't one of them.
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Oracle's IaaS business produced $1.6 billion in revenue in the second quarter. "So, again, the demand is extraordinary, we can build the data centers relatively fast, and I expect the OCI [Oracle Cloud Infrastructure] growth rate to be over 50% for a few years," said Ellison. Before you buy stock in Oracle, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Oracle wasn't one of them.
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512935f2-d098-4769-822e-5a17ff71138e
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713580.0
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2023-12-11 00:00:00 UTC
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2 Crypto Stocks to Snag Now Before They Really Take Off
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DCOMP
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https://www.nasdaq.com/articles/2-crypto-stocks-to-snag-now-before-they-really-take-off
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nan
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nan
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Heading into 2024, the biggest story in crypto continues to be Bitcoin (CRYPTO: BTC), which is up more than 150% this year. But the best may be yet to come. The arrival of the first spot Bitcoin ETF is now expected in the first quarter of 2024, and that will be followed by one of the most highly anticipated events in the crypto industry: the Bitcoin halving.
While it's not a guarantee that these two catalysts will extend the Bitcoin rally into 2024, there is one way that you can get access to the potential upside of Bitcoin without having to deal with the risk and volatility of the crypto market. And that's by buying crypto stocks that are highly correlated with Bitcoin's price. Two of the best options right now are MicroStrategy (NASDAQ: MSTR) and Riot Platforms (NASDAQ: RIOT).
MicroStrategy
Let's start with MicroStrategy, which is the largest public holder of Bitcoin in the world, by a long shot. About 0.75% of the entire Bitcoin supply in the world is now on MicroStrategy's balance sheet.
Image source: Getty Images.
At the end of November, MicroStrategy scooped up another 16,130 Bitcoins and now holds 174,530 Bitcoins. By way of comparison, that's 12 times more Bitcoin than held by Marathon Digital Holdings, the largest publicly traded Bitcoin mining company. And it's 17 times more Bitcoin than held by Coinbase Global, the second-largest cryptocurrency exchange in the world.
In short, MicroStrategy is just about as good of a proxy for Bitcoin as you're going to get in the stock market. Right now, the market values MicroStrategy at about $9 billion. The amount of Bitcoin on its balance sheet is valued at $7.5 billion. So most of the value of the company is based on the value of Bitcoin! This explains why MicroStrategy is up more than 300% this year. As long as the company continues to add to its Bitcoin position in 2024, its value should also continue to skyrocket.
Riot Platforms
While Riot Platforms is not the largest Bitcoin mining stock, it's generally acknowledged as among the best run and the most cost effective. In large part, this is due to Riot's strategy of continually upgrading to the most efficient and powerful Bitcoin mining rigs.
Every month, Riot Platforms releases a Bitcoin production update, and the numbers continue to look good. In November 2023, the amount of Bitcoin mined increased 21% on a month-over-month basis. At the same time, the number of mining rigs deployed increased by 6% on a month-over-month basis. There are plans to deploy even more mining rigs in 2024, and all signs point to Riot Platforms going all in on the Bitcoin halving next year.
While Riot Platforms is up more than 350% this year, there may still be more room to run. According to J.P. Morgan, analyst price forecasts for Riot range as high as $23. That would be a 50% increase from today's price of a little moire than $15.
And if you look at how Riot Platforms performed during the last Bitcoin halving in 2020, there's even more room for hope. The stock went from $2 in May 2020 to $10 by year-end. And then, in 2021, the stock went parabolic, more than quadrupling in value. Just keep in mind, though, that past results are no guarantee of future performance. But it's certainly instructive for seeing just how much of an impact the Bitcoin halving might have on Riot's price.
But is it too late?
The main caveat, of course, is that these stocks are not hidden gems. Everybody in the crypto industry knows about them. That's why both are up so much this year. So it could be the case that they have already gone up too far, too fast, and won't be able to replicate the same type of performance in 2024.
But I don't think that's the case. There are two strong catalysts in place for Bitcoin next year, and it's likely that Bitcoin will continue to gain in value next year. That's why I've specifically highlighted two stocks that are directly tied to Bitcoin's price. If Bitcoin is ready to rise even higher next year, then these two stocks are likely to go along for the ride.
Should you invest $1,000 in MicroStrategy right now?
Before you buy stock in MicroStrategy, 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 MicroStrategy 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
Dominic Basulto has positions in Bitcoin. The Motley Fool has positions in and recommends Bitcoin and Coinbase Global. 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 large part, this is due to Riot's strategy of continually upgrading to the most efficient and powerful Bitcoin mining rigs. Every month, Riot Platforms releases a Bitcoin production update, and the numbers continue to look good. There are plans to deploy even more mining rigs in 2024, and all signs point to Riot Platforms going all in on the Bitcoin halving next year.
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By way of comparison, that's 12 times more Bitcoin than held by Marathon Digital Holdings, the largest publicly traded Bitcoin mining company. Riot Platforms While Riot Platforms is not the largest Bitcoin mining stock, it's generally acknowledged as among the best run and the most cost effective. Before you buy stock in MicroStrategy, 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 MicroStrategy wasn’t one of them.
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Riot Platforms While Riot Platforms is not the largest Bitcoin mining stock, it's generally acknowledged as among the best run and the most cost effective. There are two strong catalysts in place for Bitcoin next year, and it's likely that Bitcoin will continue to gain in value next year. Before you buy stock in MicroStrategy, 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 MicroStrategy wasn’t one of them.
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But it's certainly instructive for seeing just how much of an impact the Bitcoin halving might have on Riot's price. Before you buy stock in MicroStrategy, 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 MicroStrategy wasn’t one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Dominic Basulto has positions in Bitcoin.
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447fd3bf-c3a0-49ff-9755-a6041e101edf
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713581.0
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2023-12-11 00:00:00 UTC
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Ferguson Plc. 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/ferguson-plc.-shares-climb-2.4-past-previous-52-week-high-market-mover
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nan
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Ferguson Plc. (FERG) shares closed 2.4% higher than its previous 52 week high, giving the company a market cap of $37B. The stock is currently up 47.2% year-to-date, up 43.8% over the past 12 months, and up 65.3% 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 18.1% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.0.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 100.0%
The company's stock price performance over the past 12 months beats the peer average by 100.0%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 100.0% 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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(FERG) shares closed 2.4% higher than its previous 52 week high, giving the company a market cap of $37B. 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 Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 100.0% The company's stock price performance over the past 12 months beats the peer average by 100.0% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 100.0% higher than the average peer.
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(FERG) shares closed 2.4% higher than its previous 52 week high, giving the company a market cap of $37B. 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 Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 100.0% The company's stock price performance over the past 12 months beats the peer average by 100.0% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 100.0% 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 lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 100.0% The company's stock price performance over the past 12 months beats the peer average by 100.0% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 100.0% 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 lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 100.0% The company's stock price performance over the past 12 months beats the peer average by 100.0% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 100.0% higher than the average peer.
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ad402a6c-fe8f-4270-8ce6-6f9a5f85876f
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713582.0
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2023-12-11 00:00:00 UTC
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Equinor buys Shell's stake in the Linnorm gas discovery
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DCOMP
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https://www.nasdaq.com/articles/equinor-buys-shells-stake-in-the-linnorm-gas-discovery
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Adds detail from paragraph 2
STOCKHOLM, Dec 14 (Reuters) - Norway's Equinor .OL> said on Thursday it has agreed to buy Shell's SHEL.L stake in the Linnorm gas discovery in the Norwegian Sea, raising its ownership to 50%.
It said in a statement it expects to finalise the deal in the first quarter of 2024.
Equinor said the Linnorm find is the largest undeveloped gas discovery on the Norwegian Continental Shelf and is estimated to contain around 25-30 billion cubic meters (bcm) of recoverable gas resources.
"This does not impact our ambition to maintain a material upstream position," Shell Norway Managing Director Marianne Olsnes said in the joint statement.
(Reporting by Anna Ringstrom, editing by Terje Solsvik)
((anna.ringstrom@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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Adds detail from paragraph 2 STOCKHOLM, Dec 14 (Reuters) - Norway's Equinor .OL> said on Thursday it has agreed to buy Shell's SHEL.L stake in the Linnorm gas discovery in the Norwegian Sea, raising its ownership to 50%. Equinor said the Linnorm find is the largest undeveloped gas discovery on the Norwegian Continental Shelf and is estimated to contain around 25-30 billion cubic meters (bcm) of recoverable gas resources. "This does not impact our ambition to maintain a material upstream position," Shell Norway Managing Director Marianne Olsnes said in the joint statement.
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Adds detail from paragraph 2 STOCKHOLM, Dec 14 (Reuters) - Norway's Equinor .OL> said on Thursday it has agreed to buy Shell's SHEL.L stake in the Linnorm gas discovery in the Norwegian Sea, raising its ownership to 50%. Equinor said the Linnorm find is the largest undeveloped gas discovery on the Norwegian Continental Shelf and is estimated to contain around 25-30 billion cubic meters (bcm) of recoverable gas resources. "This does not impact our ambition to maintain a material upstream position," Shell Norway Managing Director Marianne Olsnes said in the joint statement.
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Adds detail from paragraph 2 STOCKHOLM, Dec 14 (Reuters) - Norway's Equinor .OL> said on Thursday it has agreed to buy Shell's SHEL.L stake in the Linnorm gas discovery in the Norwegian Sea, raising its ownership to 50%. Equinor said the Linnorm find is the largest undeveloped gas discovery on the Norwegian Continental Shelf and is estimated to contain around 25-30 billion cubic meters (bcm) of recoverable gas resources. "This does not impact our ambition to maintain a material upstream position," Shell Norway Managing Director Marianne Olsnes said in the joint statement.
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Adds detail from paragraph 2 STOCKHOLM, Dec 14 (Reuters) - Norway's Equinor .OL> said on Thursday it has agreed to buy Shell's SHEL.L stake in the Linnorm gas discovery in the Norwegian Sea, raising its ownership to 50%. It said in a statement it expects to finalise the deal in the first quarter of 2024. Equinor said the Linnorm find is the largest undeveloped gas discovery on the Norwegian Continental Shelf and is estimated to contain around 25-30 billion cubic meters (bcm) of recoverable gas resources.
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587cb4db-b6d8-4333-871b-20d4e44d7ea9
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713583.0
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2023-12-11 00:00:00 UTC
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3 Resilient Growth Stocks to Buy in December
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DCOMP
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https://www.nasdaq.com/articles/3-resilient-growth-stocks-to-buy-in-december
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The end of the year is always a good time for investors to evaluate their investment holdings to see if any adjustments could strengthen their portfolios for the new year. If you're in need of growth stocks that can hold up relatively well when the rest of the market is shaky, you're in the right place.
Google parent Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG), Mastercard (NYSE: MA), and Costco Wholesale (NASDAQ: COST) all have long records of delivering superior returns to investors. These companies' recent growth in the face of mounting headwinds for consumer spending over the past year has pushed these growth stocks higher this year. Here's why these industry leaders are great buys in December.
1. Alphabet
Alphabet stock has climbed 390% over the last decade as it remains one of the leading digital advertisers, with valuable assets like Google Search and YouTube. Investments in artificial intelligence technology will help Google deliver better performance for advertisers, and that will ultimately translate to more growth and returns for investors.
Alphabet has solid momentum in digital advertising already. Search and other revenue grew 11% year over year in the third quarter, while YouTube ad revenue grew 12% year over year. Solid growth in these businesses, along with improving profitability in Google Cloud, which also benefits from AI demand, pushed the stock up 46% in 2023.
In search, Google's investments in generative AI technology will deliver more accurate results for users. The endgame for Google is more clicks on advertisements because that's what generates revenue. AI is ultimately making Google Search more useful and fun for consumers when shopping or brainstorming ideas, which will create more clickable links and more profitable growth to drive higher share prices for shareholders.
And this is just the tip of the iceberg. AI is central to everything the company does -- building apps, delivering ads, and recommending content. Alphabet generates a massive amount of cash from operations every year that can fuel investments in cutting-edge technologies. With $77 billion in free cash flow coming in the door every year and growing, Alphabet could be unstoppable in the age of AI.
Data by YCharts
The consensus Wall Street estimate expects Alphabet to grow earnings per share by 15.8% per year over the long term, but the stock trades at an average forward price-to-earnings ratio of 23.8.
2. Mastercard
Mastercard is one of the top brands worldwide, with nearly 3.3 billion cards in circulation. With an extensive customer reach, investors are ultimately gaining a royalty on global consumer spending by holding the stock, which has returned 443% over the last decade. Mastercard continues to find ways to expand its reach, setting up great prospects for more returns for shareholders.
Mastercard has remained very resilient in an uncertain consumer spending environment in 2023. Revenue and net income increased by 70% and 111%, respectively, compared to the third quarter of 2020. Analysts expect revenue to grow another 12% in 2024.
The company's growth strategy centers around expanding the places that accept Mastercard. The big opportunity here is with the emergence of digital ordering and delivery. New delivery services are transforming what used to be a single transaction at a store into as many as three transactions between the customer, the delivery driver, and the merchant. This significantly expands Mastercard's addressable market.
Over the last five years, Mastercard doubled the number of acceptance points for its card. The adoption of digital wallets on phones is allowing Mastercard to deliver financial services in emerging markets.
The world is a big place, and that's why Mastercard should be able to grow for a long time. It's also why investors are willing to pay a high forward P/E of 34 for the stock right now. It's not too expensive considering the company's long runway of growth and global brand dominance. Wall Street's long-term earnings growth estimate is currently 19% on an annualized basis.
3. Costco Wholesale
Costco is a simple business that wins customers by selling quality merchandise at rock-bottom prices. It's a formula that has worked for decades and continues to reward investors. The stock has nearly tripled in value over the last five years. While it may not continue to climb at that rate, it has one advantage over the competition that should keep the business growing in value for years to come.
Costco warehouses are fun to shop at. Customers pay the annual membership fee for access, which helps fuel most of the company's operating profit.
But the key ingredient to Costco's success is what goes on behind the scenes. The warehouses are stacked high to the ceiling with huge quantities of goods, but Costco is very good at buying only what it knows is going to sell. Costco's inventory turnover ratio -- a measure of how many times it has sold and replaced inventory over a given period -- is well above those of other leading retailers.
Data by YCharts
Costco generates razor-thin margins on sales, which makes high inventory turnover essential to its success. High customer demand for items is ultimately linked to Costco's stellar financial results, especially where it matters most. Over the last 10 years, Costco has grown earnings per share at an above-average rate of 11.8% per year.
Costco's no-frills, high-volume purchasing business strategy won't become obsolete with technological changes. This is why the market is willing to pay a high forward P/E of 39 for the stock, despite annualized earnings growth estimates of 10% over the long term. It's expensive, but Costco has never looked cheap by traditional valuation metrics.
A new investor who starts buying shares at regular intervals and holds for 20 years will build an investment in a resilient business that could pay dividends for a lifetime. The stock's dividend yield sits at 0.67%, but investors can also look forward to occasional special dividends that boost the payout with one-time larger payouts. The last special dividend was $10 per share in 2020.
Should you invest $1,000 in Alphabet right now?
Before you buy stock in Alphabet, 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 Alphabet wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 11, 2023
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Ballard has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Costco Wholesale, and Mastercard. The Motley Fool recommends the following options: long January 2025 $370 calls on Mastercard and short January 2025 $380 calls on Mastercard. 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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AI is ultimately making Google Search more useful and fun for consumers when shopping or brainstorming ideas, which will create more clickable links and more profitable growth to drive higher share prices for shareholders. Data by YCharts The consensus Wall Street estimate expects Alphabet to grow earnings per share by 15.8% per year over the long term, but the stock trades at an average forward price-to-earnings ratio of 23.8. A new investor who starts buying shares at regular intervals and holds for 20 years will build an investment in a resilient business that could pay dividends for a lifetime.
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Google parent Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG), Mastercard (NYSE: MA), and Costco Wholesale (NASDAQ: COST) all have long records of delivering superior returns to investors. Search and other revenue grew 11% year over year in the third quarter, while YouTube ad revenue grew 12% year over year. Data by YCharts The consensus Wall Street estimate expects Alphabet to grow earnings per share by 15.8% per year over the long term, but the stock trades at an average forward price-to-earnings ratio of 23.8.
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Google parent Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG), Mastercard (NYSE: MA), and Costco Wholesale (NASDAQ: COST) all have long records of delivering superior returns to investors. Search and other revenue grew 11% year over year in the third quarter, while YouTube ad revenue grew 12% year over year. Before you buy stock in Alphabet, 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 Alphabet wasn't one of them.
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It's also why investors are willing to pay a high forward P/E of 34 for the stock right now. Before you buy stock in Alphabet, 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 Alphabet wasn't one of them. The Motley Fool has positions in and recommends Alphabet, Costco Wholesale, and Mastercard.
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59da1c15-c7d1-4229-8af2-0a2f10eae6b5
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713584.0
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2023-12-11 00:00:00 UTC
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My 6 Highest-Yielding Stocks of 2023
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DCOMP
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https://www.nasdaq.com/articles/my-6-highest-yielding-stocks-of-2023
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nan
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In this video, Motley Fool contributor Jason Hall discusses six of the highest-yielding dividend stocks he owns, and their prospects going forward. Stocks discussed include Cato (NYSE: CATO), EPR Properties (NYSE: EPR), Enterprise Products Partners (NYSE: EPD), NextEra Energy Partners (NYSE: NEP), Truist Financial (NYSE: TFC), and Walgreens Boots Alliance (NASDAQ: WBA).
*Stock prices used were from the morning of Dec. 7, 2023. The video was published on Dec. 13, 2023.
Should you invest $1,000 in Walgreens Boots Alliance right now?
Before you buy stock in Walgreens Boots Alliance, 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 Walgreens Boots Alliance 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
Jason Hall has positions in Cato, EPR Properties, Enterprise Products Partners, NextEra Energy Partners, Truist Financial, and Walgreens Boots Alliance. The Motley Fool has positions in and recommends Truist Financial. The Motley Fool recommends Cato, EPR Properties, and Enterprise Products Partners. The Motley Fool has a disclosure policy. Jason Hall is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In this video, Motley Fool contributor Jason Hall discusses six of the highest-yielding dividend stocks he owns, and their prospects going forward. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Jason Hall has positions in Cato, EPR Properties, Enterprise Products Partners, NextEra Energy Partners, Truist Financial, and Walgreens Boots Alliance. The Motley Fool recommends Cato, EPR Properties, and Enterprise Products Partners.
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Stocks discussed include Cato (NYSE: CATO), EPR Properties (NYSE: EPR), Enterprise Products Partners (NYSE: EPD), NextEra Energy Partners (NYSE: NEP), Truist Financial (NYSE: TFC), and Walgreens Boots Alliance (NASDAQ: WBA). See the 10 stocks *Stock Advisor returns as of December 11, 2023 Jason Hall has positions in Cato, EPR Properties, Enterprise Products Partners, NextEra Energy Partners, Truist Financial, and Walgreens Boots Alliance. The Motley Fool recommends Cato, EPR Properties, and Enterprise Products Partners.
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Stocks discussed include Cato (NYSE: CATO), EPR Properties (NYSE: EPR), Enterprise Products Partners (NYSE: EPD), NextEra Energy Partners (NYSE: NEP), Truist Financial (NYSE: TFC), and Walgreens Boots Alliance (NASDAQ: WBA). Before you buy stock in Walgreens Boots Alliance, 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 Walgreens Boots Alliance wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Jason Hall has positions in Cato, EPR Properties, Enterprise Products Partners, NextEra Energy Partners, Truist Financial, and Walgreens Boots Alliance.
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Before you buy stock in Walgreens Boots Alliance, 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 Walgreens Boots Alliance wasn't one of them. 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 Jason Hall has positions in Cato, EPR Properties, Enterprise Products Partners, NextEra Energy Partners, Truist Financial, and Walgreens Boots Alliance.
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53f1c998-de67-490f-957c-886d5fb52c83
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713585.0
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2023-12-11 00:00:00 UTC
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NextEra Energy Partners Just Saw Debt Costs Go Up 71%
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DCOMP
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https://www.nasdaq.com/articles/nextera-energy-partners-just-saw-debt-costs-go-up-71
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nan
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NextEra Energy Partners (NYSE: NEP), the debt-laden subsidiary of NextEra Energy (NYSE: NEE), just refinanced about 11% of its debt, but the cost to pay that debt went up 71%. In this video, Motley Fool contributors Jason Hall and Tyler Crowe break down how this could be just the tip of the iceberg for rising interest costs that could upend the dividend. It could also cause serious problems for its parent company's cash flows, too.
*Stock prices used were from the afternoon of Dec. 5, 2023. The video was published on Dec 12, 2023.
Should you invest $1,000 in NextEra Energy right now?
Before you buy stock in NextEra Energy, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and NextEra Energy wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 11, 2023
Jason Hall has positions in NextEra Energy Partners. Tyler Crowe has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends NextEra Energy. The Motley Fool has a disclosure policy. Jason Hall is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In this video, Motley Fool contributors Jason Hall and Tyler Crowe break down how this could be just the tip of the iceberg for rising interest costs that could upend the dividend. The 10 stocks that made the cut could produce monster returns in the coming years. If you choose to subscribe through their link they will earn some extra money that supports their channel.
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In this video, Motley Fool contributors Jason Hall and Tyler Crowe break down how this could be just the tip of the iceberg for rising interest costs that could upend the dividend. Before you buy stock in NextEra Energy, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and NextEra Energy wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Jason Hall has positions in NextEra Energy Partners.
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NextEra Energy Partners (NYSE: NEP), the debt-laden subsidiary of NextEra Energy (NYSE: NEE), just refinanced about 11% of its debt, but the cost to pay that debt went up 71%. Before you buy stock in NextEra Energy, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and NextEra Energy wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Jason Hall has positions in NextEra Energy Partners.
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In this video, Motley Fool contributors Jason Hall and Tyler Crowe break down how this could be just the tip of the iceberg for rising interest costs that could upend the dividend. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Jason Hall has positions in NextEra Energy Partners. The Motley Fool has positions in and recommends NextEra Energy.
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ec0c97a7-9ce8-4189-af45-981af6006cd1
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713586.0
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2023-12-11 00:00:00 UTC
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If You Invested $1,000 in Shiba Inu in October, This Is How Much You'd Have Now
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DCOMP
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https://www.nasdaq.com/articles/if-you-invested-%241000-in-shiba-inu-in-october-this-is-how-much-youd-have-now
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nan
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nan
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While Bitcoin (CRYPTO: BTC) continues to receive the lion's share of the attention in the financial media, in-the-know cryptocurrency fanatics also monitor so-called meme coins like Shiba Inu (CRYPTO: SHIB). The past couple of months have shown how low-priced tokens like Shiba Inu can make leveraged moves when Bitcoin rallies.
Of course, it works both ways, as a Bitcoin-price drop could precipitate a Shiba Inu coin crash. Nevertheless, traders with a speculative bent might consider putting a dog in the race with a modest position in Shiba Inu.
Two months can make a big difference
In mid-October, Shiba Inu fell to a short-term low of $0.000007 (give or take a few minuscule fractions of a penny), and dog-themed meme coins were scarcely mentioned in the financial press. Sure, Shiba Inu's official X (formerly known as Twitter) social media feed tried to keep the troops fired up for battle, but there wasn't much news to speak of in the crypto-verse.
In hindsight, that was the ideal time to pick up some Shiba Inu. Fast-forward to mid-December, and Shiba Inu had jumped to $0.00001 for a nearly 43% gain. Thus, a $1,000 investment would have turned into almost $1,430.
Unsurprisingly, interest in Shiba Inu surged in the wake of its price spike. The Shiba Inu community is happy to welcome new investors into the fold and educate them about the ins and outs of this fascinating digital asset.
Newcomers will certainly want to learn about Shiba Inu's Layer-2 development solution known as Shibarium. They'll also likely be surprised to discover that some Shiba Inu investors purposely destroy or "burn" their tokens to reduce the available supply.
These coin burns were done voluntarily and sporadically, but now the Shiba Inu community may be prepared to reduce its token supply in a more organized manner. According to the official Shiba Inu developers' blog, "Shibarium is introducing a transformative token burning mechanism" that's "designed to reduce token supply strategically, potentially increasing the token's value and benefiting its ecosystem." It will be interesting to see how this "mechanism" pans out and whether it actually ends up having a material effect on the Shiba Inu price.
Bitcoin's rising tide lifts all crypto boats
Although Shiba Inu's robust community and the prospect of organized coin burns are bullish factors, there's little doubt that Bitcoin's recent rise is what catalyzed the Shiba Inu rally of the past two months. Thus, investors can think of Bitcoin as being like gold while altcoins are like silver; Bitcoin is more expensive and more influential, and has the power to pull a smaller crypto coin like Shiba Inu in either direction.
Consequently, if you're planning to invest in Shiba Inu, you'd better keep an eye on the almighty Bitcoin. While you're at it, keep tabs on new developments in BlackRock's quest to get a spot Bitcoin exchange-traded fund (ETF) approved by the Securities and Exchange Commission (SEC).
Grayscale also wants to get a spot Bitcoin ETF approved for public trading, but BlackRock's clout and deep capital reserves make it seem like the horse to bet on in this race. Does it really matter which financial firm gets the approval first, though? Once those floodgates open, the genie will be out of the bottle and the flow of funds into the crypto market could be substantial.
Granted, it could be argued that the financial markets are forward-looking and have already priced a potential spot Bitcoin ETF approval into Bitcoin, altcoins like Shiba Inu, and practically anything else with a crypto connection. That's a reasonable assumption, but it wouldn't likely negate the rush of interest that the first spot Bitcoin ETF approval will surely cause.
So, don't invest too heavily in a volatile asset like Shiba Inu, but also don't assume that the rally is over. As tokens get burned and interest in Bitcoin grows, the rising animal spirits could soon push Shiba Inu closer to the holy grail of a full penny.
Should you invest $1,000 in Shiba Inu right now?
Before you buy stock in Shiba Inu, 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 Shiba Inu wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of the S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 7, 2023
David Moadel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin. 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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Sure, Shiba Inu's official X (formerly known as Twitter) social media feed tried to keep the troops fired up for battle, but there wasn't much news to speak of in the crypto-verse. Grayscale also wants to get a spot Bitcoin ETF approved for public trading, but BlackRock's clout and deep capital reserves make it seem like the horse to bet on in this race. As tokens get burned and interest in Bitcoin grows, the rising animal spirits could soon push Shiba Inu closer to the holy grail of a full penny.
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According to the official Shiba Inu developers' blog, "Shibarium is introducing a transformative token burning mechanism" that's "designed to reduce token supply strategically, potentially increasing the token's value and benefiting its ecosystem." Granted, it could be argued that the financial markets are forward-looking and have already priced a potential spot Bitcoin ETF approval into Bitcoin, altcoins like Shiba Inu, and practically anything else with a crypto connection. Before you buy stock in Shiba Inu, 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 Shiba Inu wasn't one of them.
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Bitcoin's rising tide lifts all crypto boats Although Shiba Inu's robust community and the prospect of organized coin burns are bullish factors, there's little doubt that Bitcoin's recent rise is what catalyzed the Shiba Inu rally of the past two months. Granted, it could be argued that the financial markets are forward-looking and have already priced a potential spot Bitcoin ETF approval into Bitcoin, altcoins like Shiba Inu, and practically anything else with a crypto connection. Before you buy stock in Shiba Inu, 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 Shiba Inu wasn't one of them.
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According to the official Shiba Inu developers' blog, "Shibarium is introducing a transformative token burning mechanism" that's "designed to reduce token supply strategically, potentially increasing the token's value and benefiting its ecosystem." Granted, it could be argued that the financial markets are forward-looking and have already priced a potential spot Bitcoin ETF approval into Bitcoin, altcoins like Shiba Inu, and practically anything else with a crypto connection. So, don't invest too heavily in a volatile asset like Shiba Inu, but also don't assume that the rally is over.
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713587.0
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2023-12-11 00:00:00 UTC
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TJX Just Closed a Major Section of Its Online Business. Should Investors Be Worried?
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DCOMP
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https://www.nasdaq.com/articles/tjx-just-closed-a-major-section-of-its-online-business.-should-investors-be-worried
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The internet changed everything for the retail sector, with technology giants like Amazon completely altering how consumers shop. Retailers have had to adjust, opening their own online stores to be where customers are shopping -- offering a so-called omnichannel experience. TJX Companies (NYSE: TJX) is no different from other retailers in this regard.
But the discount retailer just made clear that all stores don't belong online.
The retail world is different
When Amazon came onto the scene as an upstart online bookseller, the normal way for consumers to get books was to browse through a physical bookstore. Buying a book online was easier and less expensive and could be done from home. Many small booksellers (and even some large ones) were eventually forced out of business. Even bookstore giant Barnes & Noble ended up resetting its business. Although the impact on other retailer sectors hasn't been quite as dramatic, the advent of online shopping has radically changed the retail picture. It's now almost mandatory to talk about being an omnichannel retailer.
Image source: Getty Images.
That explains why TJX operates the T.J. Maxx, Marshalls, Homegoods, Sierra, and Homesense brands and tjmaxx.com, marshalls.com, and sierra.com. Essentially, it's attempting to meet its customers where they shop, whether that be in a store or from home on the internet. It's the only way to compete over the long term, even if the company's physical stores are the main top-line driver. And investors simply expect online to be part of the story for most retailers today.
But there's something missing from that list of online stores. Homesense and Homegoods don't have online components. In fact, the company just shut down its Homegoods online business. There was a notable impact from that decision, as the company reported that it lowered earnings by $0.03 per share in the third quarter of 2023. Earnings in the period totaled $1.03 per share, so the hit was roughly 3%. That's not huge, but it isn't insignificant, either.
Not a big business and not likely to be profitable
During the retailer's third-quarter conference call, it was clear that online sales are a small part of the overall TJX business. The company was also pretty specific about the potential for the Homegoods.com operation. Essentially, management didn't think it could ever turn the online version of the store profitable. At that point, it was a pretty simple decision, since throwing good money after bad is a terrible investment choice.
The problem boils down to the store's business model. Many of the things Homegoods sells are large and not necessarily easy to get a sense of online from a few pictures. But there are other online retailers that sell large items, like furniture, with reasonable success. The key for Homegoods is what might be called the "thrill of the hunt." Essentially, going to a Homegoods store is kind of like exploring for a hidden treasure. It's hard to replicate that experience online in the same way with the items it sells.
Given the modest size of the online business at TJX, investors probably shouldn't be too worried about the shutdown of Homegoods.com. In fact, the contrary view is probably more appropriate. Investors should be happy to see the management team make the hard call to shut down an online business that just wasn't working so it could focus more of its attention on businesses that are working -- like physical Homegoods stores.
In the third quarter, TJX's overall same-store sales rose a strong 6%. But sales at Homegoods were up 9%, meaning it's outperforming relative to other nameplates the company owns. And that improvement was entirely driven by an increase in traffic, which means more people are choosing to shop at the store. When you see that, management should probably be applauded for pulling the plug on the money-losing online version of the store.
TJX is well-positioned
To be fair, there's a trend in the retail sector right now that plays right into TJX's strongest attributes. Consumers are increasingly looking for ways to save money, and shopping at the off-price retailer's stores is a great way to do that. So there's an outside tailwind helping Homegoods' same-store sales. But that trend obviously wasn't benefiting the online version of the store enough to make it profitable to run. If you own TJX, the pruning of a less desirable business isn't a problem; it's a sign of a strong management team.
Should you invest $1,000 in TJX right now?
Before you buy stock in TJX, 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 TJX Companies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 11, 2023
John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Reuben Gregg Brewer has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon. The Motley Fool recommends TJX Companies. 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 internet changed everything for the retail sector, with technology giants like Amazon completely altering how consumers shop. Retailers have had to adjust, opening their own online stores to be where customers are shopping -- offering a so-called omnichannel experience. The retail world is different When Amazon came onto the scene as an upstart online bookseller, the normal way for consumers to get books was to browse through a physical bookstore.
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Investors should be happy to see the management team make the hard call to shut down an online business that just wasn't working so it could focus more of its attention on businesses that are working -- like physical Homegoods stores. Before you buy stock in TJX, 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 TJX Companies wasn't one of them. The Motley Fool recommends TJX Companies.
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Not a big business and not likely to be profitable During the retailer's third-quarter conference call, it was clear that online sales are a small part of the overall TJX business. Investors should be happy to see the management team make the hard call to shut down an online business that just wasn't working so it could focus more of its attention on businesses that are working -- like physical Homegoods stores. Before you buy stock in TJX, 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 TJX Companies wasn't one of them.
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Not a big business and not likely to be profitable During the retailer's third-quarter conference call, it was clear that online sales are a small part of the overall TJX business. Essentially, management didn't think it could ever turn the online version of the store profitable. Before you buy stock in TJX, 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 TJX Companies wasn't one of them.
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7049d350-8a82-457a-9894-e801a8e68c77
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713588.0
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2023-12-11 00:00:00 UTC
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3 Compelling Dividend Stocks With Strong Buy Ratings
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https://www.nasdaq.com/articles/3-compelling-dividend-stocks-with-strong-buy-ratings
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Strong buy dividend stocks stand as a compelling investment idea for those seeking sustainable growth. These stocks not only provide a steady stream of income, but also exhibit strong financial performance.
Investors looking to benefit from the upside should always choose dividend stocks carefully. They can start by paying attention to the company’s dividend yield, dividend payout ratio, strong cash flow and debt to equity ratio. Additionally, a company’s dividend growth history over time should give a good indication of the company’s ability to return cash to shareholders.
Now, let’s discuss the 3 best Strong Buy Dividend Stocks for 2024!
UnitedHealth Group (UNH)
UnitedHealth Group (NYSE:UNH) stands out as a compelling dividend stock for investors seeking growth, stability and income. As one of the largest health insurance providers globally, they’ve demonstrated continued financial strength and consistent dividend growth.
One of their core businesses, OptumHealth, has continued its streak of high double digit sales growth. Optum’s Q3 2023 revenue grew 22% year-over-year (YOY) to $56.7 billion. This led the company to increase their FY23 EPS outlook. Additionally, UnitedHealth Group has proven its ability to generate consistent cash flow from operations.
Over the last decade, the company’s EPS has grown substantially, and has seen a 23% CAGR in its dividend. TipRanks analysts have given UNH a strong buy rating, with 9% upside potential. If you’re looking for strong buy dividend stocks, UnitedHealth Group should be a top consideration.
Mastercard (MA)
Mastercard (NYSE:MA) has exemplified an extraordinary track record and has demonstrated impressive dividend growth over the years. The company has consistently increased its dividend payout ratio, reflecting its commitment of returning capital to shareholders.
Having a reliable stream of passive income is everyone’s dream, and Mastercard can help investors get there. Their financial strength and ability to generate robust cash flows has been one of the business’ key drivers. Adjusted FCF in Q3 2023 hit more than $7 billion in the quarter.
Mastercard projects FY23 EPS to grow approximately 19% YOY. Additionally, TipRanks analysts have given MA a strong buy rating, with 9% upside potential. With more than 20% dividend growth, Mastercard is one of the best strong buy dividend stocks for 2024.
McDonald’s (MCD)
McDonald’s (NYSE:MCD) is no stranger to delivering consistent dividend growth to its shareholders. The company’s strong brand recognition serves as a key differentiator to industry competitors.
McDonald’s payout ratio, which measures a proportion of earnings paid out as dividends, is generally healthy. More recently, the company has eyed further expansion, targeting 50,000 new stores by 2027. The company is currently well capitalized and their growth has investors excited about their loyalty plans long term potential.
In their recent Q3 2023 earnings results, McDonald’s revenue increased 14% YOY to $6.69 billion. EPS saw strong double digit growth of 18%, or $3.17 per share. This resulted in the company declaring a 10% increase in their quarterly dividend to $1.67 per share. TipRanks analysts have given MCD a strong buy rating, making it a strong buy dividend stock to keep on your radar.
On the date of publication, Terel Miles did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Terel Miles is a contributing writer at InvestorPlace.com, with more than seven years of experience investing in the financial markets.
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The post 3 Compelling Dividend Stocks With Strong Buy Ratings 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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As one of the largest health insurance providers globally, they’ve demonstrated continued financial strength and consistent dividend growth. The company has consistently increased its dividend payout ratio, reflecting its commitment of returning capital to shareholders. More From InvestorPlace The #1 AI Investment Might Be This Company You’ve Never Heard Of Musk’s “Project Omega” May Be Set to Mint New Millionaires.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Strong buy dividend stocks stand as a compelling investment idea for those seeking sustainable growth. UnitedHealth Group (UNH) UnitedHealth Group (NYSE:UNH) stands out as a compelling dividend stock for investors seeking growth, stability and income. As one of the largest health insurance providers globally, they’ve demonstrated continued financial strength and consistent dividend growth.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Strong buy dividend stocks stand as a compelling investment idea for those seeking sustainable growth. With more than 20% dividend growth, Mastercard is one of the best strong buy dividend stocks for 2024. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 Compelling Dividend Stocks With Strong Buy Ratings appeared first on InvestorPlace.
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Mastercard projects FY23 EPS to grow approximately 19% YOY. With more than 20% dividend growth, Mastercard is one of the best strong buy dividend stocks for 2024. In their recent Q3 2023 earnings results, McDonald’s revenue increased 14% YOY to $6.69 billion.
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713589.0
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2023-12-11 00:00:00 UTC
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2 Buys and 1 Sell From Al Gore's Investment Company
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https://www.nasdaq.com/articles/2-buys-and-1-sell-from-al-gores-investment-company
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Al Gore co-founded Generation Investment Management in London to invest in "sustainable capitalism." You do not have to share his politics or penchant for ESG (environmental, social, and governance) investing to take an interest in what stocks the company is holding. So here's a look at three stocks that Generation traded in the third quarter.
PTC is digitalizing the industrial sector
Given that these trades were made in the third quarter, it appears that Generation was premature in closing out its position in industrial software company PTC (NASDAQ: PTC).
PTC data by YCharts.
While any company that sells into the industrial and manufacturing sectors will be subject to some cyclical weakness (manufacturing conditions did deteriorate in the U.S. in 2023), the reality is that PTC has some powerful secular growth drivers behind it. Industrial companies want to transform their business operations digitally by using PTC's software solutions that run from initial design through manufacturing, servicing, and disposal.
PTC's software creates a so-called digital thread of any product its software designs; the benefit of this digital thread is it creates a digital twin of a physical asset at every step of design, production, and operations can be used to iteratively improve every aspect of a product's lifecycle.
These trends proved strong enough to lead PTC to grow its annual run rate, or ARR (the annualized value of its subscriptions and contracts, representing its recurring revenue) at 13% in its fiscal 2023. And management expects ARR to grow at a double-digit rate for at least the next few years.
With ARR being the crucial determinant of free cash flow (FCF), the latter is set to expand significantly in the coming years. As such, I think Generation was wrong to close its position in PTC, and despite the 38.8% rise this year, the stock still looks like a good value.
Trimble improves efficiency and reduces waste
Generation initiated a new position in positioning and workflow technology company Trimble (NASDAQ: TRMB) in the third quarter by buying $349 million worth of stock at the end of the quarter.
It hasn't been a vintage year for the company. The stock is down 7.2% in 2023. The company has experienced near-term weakness in some end markets, including residential construction, agriculture, and transportation. It slightly took down its full-year revenue and earnings guidance accordingly.
Image source: Getty Images.
That said, just as with PTC, Trimble has an excellent long-term growth opportunity from adopting game-changing digital technology. In Trimble's case, its highly precise positioning technology can not only position assets (examples include transportation fleets, construction activity, smart farming, etc.) but also create valuable real-time data that can be used to generate actionable insights.
As such, Trimble's hardware, software, and analytics solutions can significantly improve its customers' workflow productivity. And, in a nod to Generation's commitment to the environment, Trimble's technology also helps improve sustainability.
For example, resources (fertilizer, pesticides, water, etc.) can be optimized in farming, more-efficient trucking routes reduce fuel consumption, and precise management of construction projects improves efficiency and reduces waste.
Trimble continues to grow its annualized recurring revenue at a double-digit rate, and just as with PTC, the company is set to improve its FCF generation significantly in the coming years.
Adding Danaher
Generation added about 265,000 shares to its existing holding in Danaher (NYSE: DHR) and now has slightly more than 3 million shares in the life science and diagnostics company.
Danaher is an attractive company, but the distortive effect of the pandemic on its revenue and earnings sometimes makes it feel like you need a Ph.D. to understand them.
For example, there's Danaher's reported sales growth and its core sales growth (excluding acquisitions/divestitures and foreign currency movements). It also reports "base business core sales growth," which used to exclude revenue related to COVID-related diagnostic testing but, as of the first quarter of 2023, also includes COVID-related vaccines and therapies life science revenue.
Image source: Getty Images.
In addition, the recent spinoff of its environmental and applied solutions business, Veralto (NYSE: VLTO), and the recent acquisition of antibodies and life-science tools company Abcam will further complicate matters. Meanwhile, Danaher's bioprocessing and life sciences customers are struggling with funding issues due to rising interest rates.
Frankly, there's a tremendous amount of noise around Danaher's near-term revenue and earnings, and there's a strong argument for avoiding the stock until the dust settles. That said, the company's biotechnology, life sciences, and diagnostics end markets are all desirable, and the company is doubling down on them by spinning off Veralto and buying Abcam.
In addition, while COVID-related revenue is in decline, the pandemic did spur renewed interest and funding for vaccines and therapies (life sciences). Danaher grew its installed base of diagnostics equipment (increasing its potential consumables revenue from selling tests).
Image source: Getty Images.
Lastly, as CEO Rainer Blair noted on the lastearnings call "Since 2018, underlying demand for biologics has grown at an average annual rate of approximately 10% and is continuing to grow in 2023."
There's little doubt its biotechnology revenue is set for long-term growth. As such, Danaher looks like a good stock for the monitor list while awaiting more clarity on its medium-term outlook.
Should you invest $1,000 in Danaher right now?
Before you buy stock in Danaher, 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 Danaher 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
Lee Samaha has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Danaher. The Motley Fool recommends PTC and Trimble. 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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Industrial companies want to transform their business operations digitally by using PTC's software solutions that run from initial design through manufacturing, servicing, and disposal. Trimble continues to grow its annualized recurring revenue at a double-digit rate, and just as with PTC, the company is set to improve its FCF generation significantly in the coming years. Lastly, as CEO Rainer Blair noted on the lastearnings call "Since 2018, underlying demand for biologics has grown at an average annual rate of approximately 10% and is continuing to grow in 2023."
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Industrial companies want to transform their business operations digitally by using PTC's software solutions that run from initial design through manufacturing, servicing, and disposal. Trimble improves efficiency and reduces waste Generation initiated a new position in positioning and workflow technology company Trimble (NASDAQ: TRMB) in the third quarter by buying $349 million worth of stock at the end of the quarter. It also reports "base business core sales growth," which used to exclude revenue related to COVID-related diagnostic testing but, as of the first quarter of 2023, also includes COVID-related vaccines and therapies life science revenue.
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PTC is digitalizing the industrial sector Given that these trades were made in the third quarter, it appears that Generation was premature in closing out its position in industrial software company PTC (NASDAQ: PTC). Trimble improves efficiency and reduces waste Generation initiated a new position in positioning and workflow technology company Trimble (NASDAQ: TRMB) in the third quarter by buying $349 million worth of stock at the end of the quarter. Before you buy stock in Danaher, 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 Danaher wasn't one of them.
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Trimble improves efficiency and reduces waste Generation initiated a new position in positioning and workflow technology company Trimble (NASDAQ: TRMB) in the third quarter by buying $349 million worth of stock at the end of the quarter. Trimble continues to grow its annualized recurring revenue at a double-digit rate, and just as with PTC, the company is set to improve its FCF generation significantly in the coming years. Before you buy stock in Danaher, 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 Danaher wasn't one of them.
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713590.0
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2023-12-11 00:00:00 UTC
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Missed Out on Palantir? This Artificial Intelligence Stock Could Earn Considerable Returns at a Reasonable Price.
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https://www.nasdaq.com/articles/missed-out-on-palantir-this-artificial-intelligence-stock-could-earn-considerable-returns
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When it comes to artificial intelligence (AI)-driven gains for 2023, Palantir Technologies has become one of the top stocks mentioned in conversation. The company has long used AI in its Gotham and Foundry platforms, and its Artificial Intelligence Platform (AIP) has produced eye-popping productivity gains.
However, Palantir's market cap of nearly $40 billion and forward P/E of 72 may have sent investors looking for AI stocks with lower valuations. Investors looking for an alternative may want to consider Super Micro Computer (NASDAQ: SMCI).
What is Super Micro?
Admittedly, Super Micro is not as well known as Palantir or other frequently covered stocks in the AI space, such as Nvidia. Super Micro stands out as a "rack-scale" IT solutions provider, designing servers, switches, storage systems, and software with global support services.
Since this approach combines hardware and software, it provides a competitive advantage over peers who focus primarily on either hardware or software. Also, the company's focus on energy savings and environmentalism helps it attract more planet-conscious customers.
Despite a market cap of only $14 billion, Super Micro has built a customer base in more than 100 countries. And so large is its operation that it requires more than 6 million square feet of manufacturing space globally.
Super Micro by the numbers
Consequently, in the first quarter of fiscal 2024 (ended Sept. 30), the revenue of just over $2.1 billion rose 14% compared to the same quarter last year. This was a significant deceleration from fiscal 2023 when revenue grew by 37%. The company blamed the lower revenue growth on seasonality during the summer and a constrained supply chain.
Also, a 43% increase in operating expenses hit the company during fiscal Q1 as the company works to add capacity. As a result, net income fell 15% for the year to $157 million.
Additionally, the demand surge led to more need to attract talent through stock-based compensation. Thus, that expense came to $57 million in fiscal Q1, up from $11 million in the year-ago quarter.
Still, Super Micro maintained its fiscal 2024 revenue guidance of $10 billion to $11 billion. This amounts to a 47% increase at the midpoint, indicating the slower growth from fiscal Q1 is temporary.
The fiscal Q1 earnings report did little to deter investors as the stock has risen by more than 210% over the last 12 months. And despite that surge, the stock sells at a P/E ratio of 24. Considering the rapid growth expected, Super Micro's gains are not likely to stop anytime soon.
Consider Super Micro stock
Amid that low valuation, buying Super Micro could serve investors well. Thanks to a lack of name recognition, investors are only now seeing the potential for this AI stock.
Consequently, investors can buy a fast-growing stock at a low price. This means that if they missed the opportunity to buy Palantir more cheaply, Super Micro gives them a second chance. Moreover, with its ability to combine hardware and software, it appears to have a competitive advantage in the AI space.
Admittedly, the fiscal Q1 results were comparatively disappointing. However, the supply constraints appear temporary, and unlike many AI companies, it has remained profitable, giving it a measure of stability not found in many tech stocks. These factors bode well for Super Micro as it attracts increasing business activity.
Should you invest $1,000 in Super Micro Computer right now?
Before you buy stock in Super Micro Computer, 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 Super Micro Computer 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
Will Healy has positions in Palantir Technologies. The Motley Fool has positions in and recommends Nvidia and Palantir Technologies. The Motley Fool recommends Super Micro Computer. 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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When it comes to artificial intelligence (AI)-driven gains for 2023, Palantir Technologies has become one of the top stocks mentioned in conversation. Super Micro stands out as a "rack-scale" IT solutions provider, designing servers, switches, storage systems, and software with global support services. However, the supply constraints appear temporary, and unlike many AI companies, it has remained profitable, giving it a measure of stability not found in many tech stocks.
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Consider Super Micro stock Amid that low valuation, buying Super Micro could serve investors well. Before you buy stock in Super Micro Computer, 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 Super Micro Computer wasn't one of them. The Motley Fool recommends Super Micro Computer.
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Admittedly, Super Micro is not as well known as Palantir or other frequently covered stocks in the AI space, such as Nvidia. Consider Super Micro stock Amid that low valuation, buying Super Micro could serve investors well. Before you buy stock in Super Micro Computer, 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 Super Micro Computer wasn't one of them.
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What is Super Micro? Admittedly, Super Micro is not as well known as Palantir or other frequently covered stocks in the AI space, such as Nvidia. Before you buy stock in Super Micro Computer, 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 Super Micro Computer wasn't one of them.
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81776b89-0ea5-408e-88d3-71159671e659
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713591.0
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2023-12-11 00:00:00 UTC
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FOCUS-GM's Barra reboots her 10-year effort to lift stagnant shares
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https://www.nasdaq.com/articles/focus-gms-barra-reboots-her-10-year-effort-to-lift-stagnant-shares
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By Joseph White
DETROIT, Dec 14 (Reuters) - General Motors GM.N CEO Mary Barra has made many bold moves during a decade on the job to lift the automaker's share price: jettisoning money-losing operations in Europe, promising to outsell Tesla TSLA.O in the electric-vehicle market and betting billions on developing a profitable robotaxi business.
Investors are unmoved. GM shares are trading close to the $33 a share at which they went public in 2010 following the company's government-financed bankruptcy. Since hitting $63 a share in November 2021, GM shares have fallen 47%.
Warren Buffett's Berkshire Hathaway BRKa.N sold all its GM shares without explanation during the third quarter as the price slid to a two-year low during tough contract bargaining in the U.S. with the United Auto Workers.
Now, as she heads toward her 10th anniversary on Jan. 15, Barra is overhauling GM again. On Wednesday, GM said Barra has named new heads for key areas of vehicle development and EV manufacturing. The moves come after production technology problems caused GM to fall well short of EV output goals.
"We didn't execute well this year as it relates to demonstrating our EV capability and the capability of Ultium," Barra told investors and analysts in a Nov. 29 call, referring to the automaker's EV battery technology. "So I'm disappointed in that."
GM has begun overhauling its EV strategy, delaying planned factories and product launches, and is reconsidering whether to offer hybrids in the North American market after abandoning the technology in favor of an all-EV strategy.
Barra and GM's board last month launched a $10 billion share repurchase program to buy back the equivalent of a quarter of the automaker's market capitalization - a bid for support from shareholders who want more of the cash generated by the company's highly profitable North American combustion truck business.
Most shareholders, although disappointed with the company's stock performance, are happy with Barra's leadership for now.
Kyle Martin, an analyst with Westwood Group, said Barra is doing better than her rivals and is not in any trouble as the sector is challenging for everyone.
"At the end of the day, the market is the best arbiter," he said. "That the share price has gone nowhere is an indictment of what she's doing and to be fair what her competitors are doing as well. You only need a few things to go right to really see a rebound in the stock."
Officials familiar with Barra's thinking said the CEO wants to see GM safely through the EV transition. Barra signaled that on Wednesday.
"In the next couple of years, it’s our years to really execute this new strategy so I’m energized," she said at the Washington Economic Club. "As long as I have the opportunity to do that ... it's great," she added about being CEO.
During a Dec. 4 onstage interview, she deflected a question about how long she plans to stay in her position.
"It feels like it hasn't been 10 years," Barra said. "We're in the midst of this really once-in-a-generation transformation. And there's so much that can be done and so I'm more forward-looking."
HISTORY-MAKING CEO
Barra's place in GM's history is secure. The first woman to lead a global automaker, Barra has now held the top job at the automaker longer than anyone other than Alfred P. Sloan, the architect of GM's rise to become the world's largest industrial corporation during the mid-20th century.
Sloan and his immediate successors faced no serious challenges from Japanese or European automakers and no demands from regulators to abandon fundamental technology.
Competition and regulation have forced Barra to put sustaining profits over defending a sprawling global empire.
Barra sold or closed GM's money-losing operations in Europe, Australia and Southeast Asian markets. GM's market share and profit in China have fallen as the world's largest auto market has shifted to EVs made by Tesla and by BYD 002594.SZ and other Chinese automakers.
GM is still No. 1 in U.S. sales volume, but Tesla is by far the more valuable company with a market capitalization of $775 billion to GM's $46 billion.
Like Roger Smith, who led GM during the 1980s, Barra has tried to revive investor interest by repositioning GM as a technology enterprise.
She told investors in October 2021 that GM could double its annual revenue by 2030 to $280 billion by adding EVs, expanding sales of digital subscriptions, ramping up the Cruise robotaxi operation, supplying vehicles to the U.S. military and developing a new electric van delivery service.
But during the second half of 2023, key elements of Barra's growth strategy stalled.
The biggest trouble is at Cruise, which has lost $8 billion since GM acquired it in 2016. Barra has told investors Cruise could generate $50 billion a year in revenue by 2030.
Cruise's future is now uncertain after regulators charged officials with misrepresenting details of an accident in which a Cruise driverless car dragged a pedestrian 20 feet (6.1 m )before stopping.
The Cruise incident has put Barra back in the role of crisis manager.
Shortly after she took over as CEO in 2014, she faced a scandal over GM's mishandling of deadly ignition switches. Barra resolved that in part by commissioning an outside law firm to investigate GM's mishandling of safety recalls. She embraced the firm's scathing critique of GM's culture.
Barra has again engaged an outside law firm and technical experts to investigate Cruise's response to the accident. Cruise's CEO, Kyle Vogt, has left the company. The unit's new leaders, including GM's chief counsel Craig Glidden, have pledged to cooperate with regulators.
Meanwhile, GM is trying out new ways to appeal to skeptical investors. The company has hired a Meta executive as new vice president for artificial intelligence and launched a new website to showcase GM's use of AI - the new hot area for technology investors.
(Reporting by Joseph White in Detroit Additional reporting by David Shepardson in Washington, Ben Klayman in Detroit and Jonathan Stempel in New York Editing by Matthew Lewis)
((benjamin.klayman@thomsonreuters.com; 313-600-2277; Reuters Messaging: benjamin.klayman.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Joseph White DETROIT, Dec 14 (Reuters) - General Motors GM.N CEO Mary Barra has made many bold moves during a decade on the job to lift the automaker's share price: jettisoning money-losing operations in Europe, promising to outsell Tesla TSLA.O in the electric-vehicle market and betting billions on developing a profitable robotaxi business. Barra and GM's board last month launched a $10 billion share repurchase program to buy back the equivalent of a quarter of the automaker's market capitalization - a bid for support from shareholders who want more of the cash generated by the company's highly profitable North American combustion truck business. She told investors in October 2021 that GM could double its annual revenue by 2030 to $280 billion by adding EVs, expanding sales of digital subscriptions, ramping up the Cruise robotaxi operation, supplying vehicles to the U.S. military and developing a new electric van delivery service.
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By Joseph White DETROIT, Dec 14 (Reuters) - General Motors GM.N CEO Mary Barra has made many bold moves during a decade on the job to lift the automaker's share price: jettisoning money-losing operations in Europe, promising to outsell Tesla TSLA.O in the electric-vehicle market and betting billions on developing a profitable robotaxi business. Barra sold or closed GM's money-losing operations in Europe, Australia and Southeast Asian markets. GM's market share and profit in China have fallen as the world's largest auto market has shifted to EVs made by Tesla and by BYD 002594.SZ and other Chinese automakers.
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By Joseph White DETROIT, Dec 14 (Reuters) - General Motors GM.N CEO Mary Barra has made many bold moves during a decade on the job to lift the automaker's share price: jettisoning money-losing operations in Europe, promising to outsell Tesla TSLA.O in the electric-vehicle market and betting billions on developing a profitable robotaxi business. Barra and GM's board last month launched a $10 billion share repurchase program to buy back the equivalent of a quarter of the automaker's market capitalization - a bid for support from shareholders who want more of the cash generated by the company's highly profitable North American combustion truck business. Like Roger Smith, who led GM during the 1980s, Barra has tried to revive investor interest by repositioning GM as a technology enterprise.
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GM's market share and profit in China have fallen as the world's largest auto market has shifted to EVs made by Tesla and by BYD 002594.SZ and other Chinese automakers. GM is still No. Barra has told investors Cruise could generate $50 billion a year in revenue by 2030.
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c366d6ba-b02c-4ace-ab65-e9812a5a5183
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713592.0
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2023-12-11 00:00:00 UTC
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3 Predictions for Tilray Brands Stock in 2024
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DCOMP
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https://www.nasdaq.com/articles/3-predictions-for-tilray-brands-stock-in-2024
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This year looks to be another underwhelming one for Tilray Brands (NASDAQ: TLRY) investors. The company continues to incur losses, and there are no significant changes coming to Canada's pot market next year, which could improve its prospects for profitability.
But 2024 may not be so gloomy for Tilray stock. Here's how I see next year playing out for this beaten-down pot stock.
1. Tilray Brands stock will generate positive returns in 2024
Pot stocks haven't been great investments in recent years. Between inflation and too much competition, particularly in the Canadian cannabis market, the result has been a brutal landscape with poor margins that have made it difficult for companies to prosper.
I don't expect the level of competitiveness to lessen. But I do expect there to be more excitement toward the latter half of 2024 -- an election year in the U.S. -- and that means it would be an opportunistic time for marijuana legalization to enter the discussion again. It's a potential election issue, which is why I anticipate it could be an advantageous time for politicians to bring it up again. And as that happens, it could build up excitement around pot stocks. If nothing else, it could help shine a light on Tilray and other beaten-down pot stocks, which may persuade investors to take a chance on them.
Tilray shares are down more than 30% this year after already seeing its valuation collapse by 62% last year. And it was down 15% the year before that. The last time Tilray's stock was in positive territory was -- you guessed it -- the 2020 election year, when it rose by 33%.
2. It will pursue more acquisitions outside of the cannabis industry
Tilray is in the cannabis business, but it has been diversifying outside of it. That has helped improve its financials. It's a pattern I've seen with other Canadian cannabis companies: The more they diversify outside the industry, the better their results. This goes back to the problem of intense competition and compressed margins. By focusing on other industries, these companies can improve their bottom lines while also growing their sales.
Earlier this year, Tilray bought eight beverage brands from Anheuser-Busch InBev. Through the deal, Tilray has been able to become a top-five craft brewer in the U.S.
Whether it focuses on beverages or some other adjacent business, I expect Tilray will still be active in mergers and acquisitions next year; it still needs ways to find way to boost its top line. Last quarter, for the period ended Aug. 31, Tilray's revenue totaled $176.9 million, which was up 15% year over year. The company's cannabis and distribution businesses each accounted for 39% of total revenue, followed by beverage and alcohol at 14% and wellness at 8%. And at 53% gross margins, the beverage business is much more lucrative than any other segment -- no other business unit generates margins of even 30%. Tilray's cannabis operations report gross margins of just 28%.
Diversifying outside of cannabis can be a great way for Tilray to become a more investable business.
3. It will post at least one quarterly profit
Over the past few years, Tilray's bottom line has fluctuated, largely due to impairment write downs and changes in asset valuations. But the company has been showing improvement lately, and I expect that as its operations tilt more toward beverages, it should get closer to breaking even.
Data sourcer: YCharts.
Tilray has squeaked out profitable quarters in the past, and I expect it to get back into the black at least once next year.
Does all this make Tilray a good stock to buy?
If you're considering investing in Tilray stock, you need to have a high risk tolerance. The stock's wild swings and the uncertainty in the cannabis industry make this an investment that isn't suitable for most investors; it's not a stock I would buy, given its unpredictability. While I expect it to do well in 2024, that doesn't mean I think it's a safe stock or that it won't continue struggling in years to come.
Unless you're prepared to take on a big risk with the business, you may still be better off taking a wait-and-see approach with the stock. That will give you time to assess that it is indeed focusing more on its expansion into other industries and that its financials are continuing to improve.
Should you invest $1,000 in Tilray Brands right now?
Before you buy stock in Tilray Brands, 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 Tilray Brands 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
David Jagielski has no position in any of the stocks mentioned. The Motley Fool recommends Tilray Brands. 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 company continues to incur losses, and there are no significant changes coming to Canada's pot market next year, which could improve its prospects for profitability. Between inflation and too much competition, particularly in the Canadian cannabis market, the result has been a brutal landscape with poor margins that have made it difficult for companies to prosper. It will post at least one quarterly profit Over the past few years, Tilray's bottom line has fluctuated, largely due to impairment write downs and changes in asset valuations.
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Tilray Brands stock will generate positive returns in 2024 Pot stocks haven't been great investments in recent years. It will post at least one quarterly profit Over the past few years, Tilray's bottom line has fluctuated, largely due to impairment write downs and changes in asset valuations. Before you buy stock in Tilray Brands, 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 Tilray Brands wasn't one of them.
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Tilray Brands stock will generate positive returns in 2024 Pot stocks haven't been great investments in recent years. Before you buy stock in Tilray Brands, 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 Tilray Brands wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 David Jagielski has no position in any of the stocks mentioned.
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Tilray Brands stock will generate positive returns in 2024 Pot stocks haven't been great investments in recent years. And it was down 15% the year before that. Before you buy stock in Tilray Brands, 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 Tilray Brands wasn't one of them.
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9051496d-d834-4938-b6ff-681edf80cb0d
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713593.0
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2023-12-11 00:00:00 UTC
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2 No-Brainer Growth Stocks to Buy With $150 and Hold for 10 Years
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DCOMP
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https://www.nasdaq.com/articles/2-no-brainer-growth-stocks-to-buy-with-%24150-and-hold-for-10-years
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Some of the technology sector's fastest-growing companies have suffered a substantial slowdown since 2022, as a rapid rise in interest rates put the brakes on the economy.
But a rebound is underway, especially for Datadog (NASDAQ: DDOG) and Snap (NYSE: SNAP), which have produced strong financial results recently and look poised for a longer-term recovery.
Here's why investors sitting on idle cash -- money they don't need for immediate expenses -- should consider allocating $150 to buy one share of each company, with the intention of holding for the next 10 years (and beyond).
Image source: Getty Images.
1. Datadog: An essential cloud platform, now featuring AI
Datadog is a leading provider of cloud monitoring tools that help over 26,800 businesses make sense of their increasingly complex digital infrastructure. Operating online is critical in the modern economy because consumers value convenience, but doing so comes with a number of challenges, including a lack of visibility over all of the business's critical applications and growing competition.
See, if a business is having technical issues with its website or digital applications, a potential customer is a mere click away from spending their money with a competitor instead. But it's often impossible to tell whether customers are experiencing a glitch, especially if it's isolated to one region of the world. The only indicator might be a drop in sales, by which time it's too late.
Datadog integrates with a company's cloud infrastructure to monitor its status around the clock. Not only will it immediately alert technical teams to outages, but it can even warn of impending traffic spikes so they can scale their infrastructure to prevent a crash. That's especially useful for media organizations, which sometimes experience a surge in visitors in the wake of a major news event.
Now, Datadog customers can draw valuable information faster than ever thanks to the recent launch of an artificial intelligence (AI) chatbot called Bits AI. It can be prompted using natural language to speed up incident response, and it can even suggest appropriate fixes for technical issues. It also integrates with workplace collaboration platforms like Slack to autonomously push incident summaries to the entire team in real time.
Datadog stock has surged 44% since the start of November after it reported better-than-expected financial results for the recent third quarter of 2023 (ended Sept. 30). The company delivered $548 million in revenue, which was a 25% increase year over year, and also exceeded its prior forecast of $525 million. It prompted management to raise its 2023 full-year revenue guidance by $47 million to over $2.1 billion, which investors loved to see.
Datadog stock still trades 40% below its all-time high because of a slowdown in consumption on its platforms throughout 2022 and into early 2023 as customers sought to optimize their cloud spending. But management says that trend is moderating, which was evident in its recent financial results.
With Datadog's revenue and customer base at record highs, the discount in its stock spells opportunity. Cloud computing isn't going away -- in fact, the economy continues to shift further into the digital sphere -- so monitoring tools will remain critical long into the future. The introduction of AI-based tools will only cement Datadog's importance going forward.
2. Snap: Record users and falling interest rates might equal a long-term recovery
Snap is the parent company of popular social media platform Snapchat. Its stock is down 81% from its all-time high, but it has jumped 87% from its recent low point set at the end of September. This might be the beginning of a long-term recovery, because some of the headwinds hurting Snap over the last two years could soon become tailwinds.
Snapchat generates almost all of its revenue by selling advertising to businesses. With elevated inflation and rising interest rates hurting consumer spending, those businesses have cut their ad budgets for fear of a lower return on their investment. As a result, Snap's revenue declined in the first half of 2023 on a year-over-year basis.
But the tide might be turning. Inflation has come down considerably from its peak in mid-2022, and most experts agree the U.S. Federal Reserve has likely finished raising interest rates. In fact, the CME Group's FedWatch tool indicates there could be five rate cuts in 2024, which will likely make advertisers more optimistic about consumer spending.
But here's the best part. Snapchat's daily active user base continued to grow consistently throughout this turbulent period, reaching an all-time high of 406 million in the recent third quarter of 2023 (ended Sept. 30). That's important because when advertisers increase their spending, Snap will have the largest user base to monetize in its history. Therefore, the resurgence in its revenue growth could be big in the coming years.
The early signs are positive: Snap's revenue did rebound in Q3 with an increase of 5%.
Snap also continues to innovate. It has invested heavily in augmented reality (AR) experiences, of which 250 million users interact with each day. But it's also helping advertisers use AR ads; a business can now take a photo of a product and Snap's technology will render an AR-based version users can try on virtually with their smartphone camera. Watchmaker Fossil recently generated 80% more clicks than its benchmark thanks in part to Snap's AR ads.
It's only a matter of time before the broader economy becomes a tailwind for Snap's business once again. Considering users still flock to the Snapchat platform and advertisers are seeing great results from its AR innovations, the company's future looks bright. Snap stock might be on the cusp of a multiyear recovery.
Should you invest $1,000 in Datadog right now?
Before you buy stock in Datadog, 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 Datadog 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
Anthony Di Pizio has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Datadog. The Motley Fool recommends CME 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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With elevated inflation and rising interest rates hurting consumer spending, those businesses have cut their ad budgets for fear of a lower return on their investment. Snapchat's daily active user base continued to grow consistently throughout this turbulent period, reaching an all-time high of 406 million in the recent third quarter of 2023 (ended Sept. 30). But it's also helping advertisers use AR ads; a business can now take a photo of a product and Snap's technology will render an AR-based version users can try on virtually with their smartphone camera.
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Snap: Record users and falling interest rates might equal a long-term recovery Snap is the parent company of popular social media platform Snapchat. With elevated inflation and rising interest rates hurting consumer spending, those businesses have cut their ad budgets for fear of a lower return on their investment. Before you buy stock in Datadog, 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 Datadog wasn't one of them.
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Datadog: An essential cloud platform, now featuring AI Datadog is a leading provider of cloud monitoring tools that help over 26,800 businesses make sense of their increasingly complex digital infrastructure. Snap: Record users and falling interest rates might equal a long-term recovery Snap is the parent company of popular social media platform Snapchat. Before you buy stock in Datadog, 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 Datadog wasn't one of them.
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Datadog: An essential cloud platform, now featuring AI Datadog is a leading provider of cloud monitoring tools that help over 26,800 businesses make sense of their increasingly complex digital infrastructure. The company delivered $548 million in revenue, which was a 25% increase year over year, and also exceeded its prior forecast of $525 million. Before you buy stock in Datadog, 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 Datadog wasn't one of them.
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1cab9131-dacd-4c95-a6d3-c8f43e485303
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713594.0
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2023-12-11 00:00:00 UTC
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Should You Buy the 3 Highest-Paying Dividend Stocks in the Nasdaq-100?
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DCOMP
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https://www.nasdaq.com/articles/should-you-buy-the-3-highest-paying-dividend-stocks-in-the-nasdaq-100
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Some stock market indexes go hand-in-hand with dividend stocks. Take the Dow Jones Industrial Average, for example. It's chock-full of blue chip dividend stocks. It's a different story for other indexes, though.
I doubt that many investors will think of dividends when the Nasdaq-100 is mentioned as they're not generally associated with hot tech stocks. However, you actually can find some juicy dividends in the index.
Should you buy the highest-paying dividend stocks in the Nasdaq-100? Here they are -- along with an analysis to see if any are worth adding to your portfolio.
1. Walgreens Boots Alliance
Walgreens Boots Alliance (NASDAQ: WBA) ranks, by far, as the highest-paying dividend stock in the Nasdaq-100, with a dividend yield of 8.37%. The pharmaceutical retailer and wholesaler also is the top dividend payer in the Dow Jones and the second-highest-paying dividend stock in the S&P 500.
As a bonus, Walgreens has increased its dividend for 47 consecutive years. So is this stock a perfect pick for income investors? Not really.
That great dividend track record appears to be in serious jeopardy. Walgreens hasn't increased its dividend so far in 2023. With only a couple of weeks left in the year, it seems unlikely that the company will extend its streak of dividend hikes to 48.
Walgreens continues to face major headwinds. As a result, it has cut costs, undergone turnover in its executive ranks, and sold some of its positions in other companies to raise capital.
This isn't a stock for the faint of heart. However, investors seeking a high dividend yield and a potential turnaround play might be interested in buying a small position in Walgreens.
2. Diamondback Energy
While the Nasdaq-100 includes the widely followed FAANG stocks, it also features the "FANG" stock -- Diamondback Energy (NASDAQ: FANG). Unlike the popular tech giants, this company offers an especially high dividend yield of over 6.9%.
Diamondback is an independent oil and natural gas company that's based in Midland, Texas. Its stock has performed well this year, jumping over 20%. Despite this nice gain, Diamondback remains attractively valued, with shares trading at under 7x expected earnings.
The oil and gas producer's dividend program has an intriguing twist. Diamondback offers a base dividend plus a variable dividend. The variable dividend is paid only if the company generates enough free cash flow after paying its base dividend and funding any stock buybacks. Overall, Diamondback's policy is to return at least 75% of its free cash flow to stockholders via dividends and share repurchases.
Because of the nature of the oil and gas industry, Diamondback's stock tends to be volatile. Risk-averse investors will probably be better off looking at other alternatives. However, income investors with a high tolerance for risk should like Diamondback.
3. American Electric Power
American Electric Power (NASDAQ: AEP) takes the No. 3 spot among the highest dividend payers in the Nasdaq-100 with a dividend yield of 4.4%. It's also the only utility stock in the tech-heavy index.
Is AEP a great stock to buy right now? It depends on your investing style. Growth investors probably won't find AEP all that attractive. Over the last five years, the stock has increased by a measly low-single-digit percentage, while the Nasdaq-100 index has soared.
However, if you're an income investor, you just might love AEP. Not only does the company offer a relatively high yield, its dividend is very reliable. AEP has paid a dividend for 454 consecutive quarters. That's more than 113 years of regularly paying dividends.
Should you invest $1,000 in American Electric Power right now?
Before you buy stock in American Electric Power, 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 American Electric Power 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
Keith Speights has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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As a result, it has cut costs, undergone turnover in its executive ranks, and sold some of its positions in other companies to raise capital. However, investors seeking a high dividend yield and a potential turnaround play might be interested in buying a small position in Walgreens. Despite this nice gain, Diamondback remains attractively valued, with shares trading at under 7x expected earnings.
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Walgreens Boots Alliance Walgreens Boots Alliance (NASDAQ: WBA) ranks, by far, as the highest-paying dividend stock in the Nasdaq-100, with a dividend yield of 8.37%. American Electric Power American Electric Power (NASDAQ: AEP) takes the No. Before you buy stock in American Electric Power, 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 American Electric Power wasn't one of them.
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Some stock market indexes go hand-in-hand with dividend stocks. Walgreens Boots Alliance Walgreens Boots Alliance (NASDAQ: WBA) ranks, by far, as the highest-paying dividend stock in the Nasdaq-100, with a dividend yield of 8.37%. Before you buy stock in American Electric Power, 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 American Electric Power wasn't one of them.
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Diamondback offers a base dividend plus a variable dividend. Is AEP a great stock to buy right now? Before you buy stock in American Electric Power, 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 American Electric Power wasn't one of them.
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6ae56ecd-ce15-45a3-93e9-09608278c9cd
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713595.0
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2023-12-11 00:00:00 UTC
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Billionaire Ken Griffin's Citadel Returned a Whopping $7 Billion to Investors -- These Are 3 of Its Biggest Holdings
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DCOMP
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https://www.nasdaq.com/articles/billionaire-ken-griffins-citadel-returned-a-whopping-%247-billion-to-investors-these-are-3
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Last year, billionaire Ken Griffin's Citadel hedge fund returned around $7 billion in profits to its investors. It now looks as if history will repeat itself. An unnamed insider recently revealed to Reuters that Citadel plans to return another $7 billion or so to investors after generating double-digit gains in 2023.
Citadel owns positions in many stocks and exchange-traded funds (ETFs). These are three of the hedge fund's biggest holdings as of Sept. 30.
1. Microsoft
Griffin's fund owned more than 5 million shares of Microsoft (NASDAQ: MSFT) at the end of the third quarter, valued at roughly $1.6 billion. The tech giant has been a huge winner for Citadel in 2023, with its shares soaring more than 55%.
In a way, Citadel's position in Microsoft was even greater than those numbers indicate. The hedge fund's second-largest holding at the end of Q3 was Activision Blizzard, with more than 15 million shares of the gaming company valued at over $1.4 billion. Microsoft acquired Activision in October in an all-cash transaction.
It makes sense why Citadel likes Microsoft so much. The company is at the forefront of many of the most important technologies around. Gaming is obviously one of them, especially now that Activision Blizzard is part of Microsoft.
Microsoft is also a top player in artificial intelligence (AI). Its large investment in OpenAI continues to reap benefits. Microsoft has integrated OpenAI's ChatGPT-4 large language model throughout its products. This move helped turbocharge the company's Azure cloud platform growth in its latest quarter.
2. Boston Scientific
Citadel has held shares of Boston Scientific (NYSE: BSX) for years, initiating a position in the medical technology company in 2013. At the end of Q3, the hedge fund owned more than 21 million shares of Boston Scientific, valued at over $1.1 billion.
The stock has delivered a gain of roughly 6x since Citadel first bought shares. It has also been a solid winner in 2023, jumping more than 20%.
What does Griffin and his team see in Boston Scientific? For one thing, the healthcare markets the company competes in should grow robustly going forward, especially with aging populations. And Boston Scientific has significant exposure to many of the higher-growth markets in the space.
Citadel's investment managers also no doubt view Boston Scientific's continual innovation as a big plus. The company invests in research and development at the high end of its peer group. It's using AI in creative ways to improve medical technology.
In 2023 alone, Boston Scientific launched around 90 new products. About 35% of the company's total revenue is generated by products introduced over the last three years.
3. SPDR S&P 500 ETF Trust
You might be surprised that Citadel's third-largest holding at the end of Q3 (excluding Activision Blizzard) was SPDR S&P 500 ETF Trust (NYSEMKT: SPY). The hedge fund owned more than 2.4 million shares of the index ETF, valued at a little over $1 billion.
The SPDR S&P 500 ETF Trust, or SPY, ranks as the largest S&P 500 ETF in the world, with assets under management topping $446 billion. As its name indicates, the ETF owns positions in all the stocks that make up the S&P 500.
Citadel won't beat the market by owning SPY. However, 2023 has been a good year for the ETF, with its shares jumping over 21%.
SPY isn't the only S&P 500 ETF in Citadel's portfolio, either. The hedge fund also owns the iShares Core S&P 500 ETF and the Vanguard S&P 500 ETF.
Should you invest $1,000 in Microsoft right now?
Before you buy stock in Microsoft, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Microsoft wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 11, 2023
Keith Speights has positions in Microsoft and Vanguard S&P 500 ETF. The Motley Fool has positions in and recommends Microsoft and Vanguard S&P 500 ETF. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Last year, billionaire Ken Griffin's Citadel hedge fund returned around $7 billion in profits to its investors. An unnamed insider recently revealed to Reuters that Citadel plans to return another $7 billion or so to investors after generating double-digit gains in 2023. The hedge fund's second-largest holding at the end of Q3 was Activision Blizzard, with more than 15 million shares of the gaming company valued at over $1.4 billion.
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Microsoft Griffin's fund owned more than 5 million shares of Microsoft (NASDAQ: MSFT) at the end of the third quarter, valued at roughly $1.6 billion. The hedge fund's second-largest holding at the end of Q3 was Activision Blizzard, with more than 15 million shares of the gaming company valued at over $1.4 billion. Before you buy stock in Microsoft, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Microsoft wasn't one of them.
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Microsoft Griffin's fund owned more than 5 million shares of Microsoft (NASDAQ: MSFT) at the end of the third quarter, valued at roughly $1.6 billion. Boston Scientific Citadel has held shares of Boston Scientific (NYSE: BSX) for years, initiating a position in the medical technology company in 2013. Before you buy stock in Microsoft, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Microsoft wasn't one of them.
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Citadel owns positions in many stocks and exchange-traded funds (ETFs). As its name indicates, the ETF owns positions in all the stocks that make up the S&P 500. Should you invest $1,000 in Microsoft right now?
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713596.0
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2023-12-11 00:00:00 UTC
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Best Income Stocks to Buy for December 14th
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https://www.nasdaq.com/articles/best-income-stocks-to-buy-for-december-14th-2
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Here is one stock with buy rank and strong income characteristics for investors to consider today, December 144:
Western Midstream Partners, LP WES: This midstream energy company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.4% the last 60 days.
Western Midstream Partners, LP Price and Consensus
Western Midstream Partners, LP price-consensus-chart | Western Midstream Partners, LP Quote
This Zacks Rank #1 company has a dividend yield of 8.5%, compared with the industry average of 6.3%.
Western Midstream Partners, LP Dividend Yield (TTM)
Western Midstream Partners, LP dividend-yield-ttm | Western Midstream Partners, LP Quote
See the full list of top ranked stocks here.
Find more top income stocks with some of our great premium screens.
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.
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Western Midstream Partners, LP (WES) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here is one stock with buy rank and strong income characteristics for investors to consider today, December 144: Western Midstream Partners, LP WES: This midstream energy company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.4% the last 60 days. The New Gold Rush: How Lithium Batteries Will Make Millionaires As the electric vehicle revolution expands, investors have a chance to target huge gains. Download the brand-new FREE report revealing 5 EV battery stocks set to soar.
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Western Midstream Partners, LP Price and Consensus Western Midstream Partners, LP price-consensus-chart | Western Midstream Partners, LP Quote This Zacks Rank #1 company has a dividend yield of 8.5%, compared with the industry average of 6.3%. Western Midstream Partners, LP Dividend Yield (TTM) Western Midstream Partners, LP dividend-yield-ttm | Western Midstream Partners, LP Quote See the full list of top ranked stocks here. Click to get this free report Western Midstream Partners, LP (WES) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Here is one stock with buy rank and strong income characteristics for investors to consider today, December 144: Western Midstream Partners, LP WES: This midstream energy company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.4% the last 60 days. Western Midstream Partners, LP Price and Consensus Western Midstream Partners, LP price-consensus-chart | Western Midstream Partners, LP Quote This Zacks Rank #1 company has a dividend yield of 8.5%, compared with the industry average of 6.3%. Western Midstream Partners, LP Dividend Yield (TTM) Western Midstream Partners, LP dividend-yield-ttm | Western Midstream Partners, LP Quote See the full list of top ranked stocks here.
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Here is one stock with buy rank and strong income characteristics for investors to consider today, December 144: Western Midstream Partners, LP WES: This midstream energy company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.4% the last 60 days. Find more top income stocks with some of our great premium screens. Click to get this free report Western Midstream Partners, LP (WES) : Free Stock Analysis Report To read this article on Zacks.com click here.
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2023-12-11 00:00:00 UTC
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1 Top Cryptocurrency to Buy Before It Soars 3,400%, According to Cathie Wood's Ark Invest
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DCOMP
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https://www.nasdaq.com/articles/1-top-cryptocurrency-to-buy-before-it-soars-3400-according-to-cathie-woods-ark-invest
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Cathie Wood is the founder and chief executive officer of Ark Invest, an asset management company focused on disruptive technologies like blockchain and cryptocurrency. Wood and her team are optimistic about the decentralized finance market, in general, but they're especially bullish on Bitcoin (CRYPTO: BTC).
Ark published a Bitcoin valuation model earlier this year that outlined three price trajectories the digital currency could follow through the end of the decade. The bull case prices Bitcoin at $1.48 million (per coin) in 2030, implying more than 3,400% upside from its price of about $42,000 at the time this article was written.
Here's what investors should know.
The investment thesis for Bitcoin
The investment thesis for Bitcoin is based on good old-fashioned supply and demand. Its source code limits supply to 21 million coins, and that scarcity is partially responsible for its value. Gold and other finite assets have value for the same reason. In fact, Bitcoin is sometimes called digital gold.
The other half of the equation is demand. When supply is fixed or highly constrained, the price of an asset moves in tandem with demand. Well, another word for demand is popularity, and Bitcoin has that in spades. It was the first widely adopted crypto asset and remains the most valuable by a wide margin. Bitcoin currently accounts for more than 50% of the collective value of all cryptocurrencies.
The real question is, in which direction will Bitcoin demand trend in the future: higher or lower? Cathie Wood sees demand intensifying in the years ahead.
Ark Invest's Bitcoin valuation model
Ark Invest recently published a Bitcoin valuation model that presents three possible price targets in 2030, as detailed below:
Bear case: $258,500, implying 515% upside
Base case: $682,800, implying 1,525% upside
Bull case: $1.48 million, implying 3,425% upside
All three scenarios are based on Bitcoin's ability to disrupt eight markets to varying degrees. In other words, Ark identifies eight sources of potential demand that could make Bitcoin more valuable in the future, as detailed below:
Corporate treasuries: The cash and cash equivalents held by public and private companies. Ark believes Bitcoin will account for somewhere between 0% (bear) to 5% (bull) of corporate treasury holdings in 2030.
Remittances: Funds sent from one person to another. The term is often used to describe money sent between family members in different countries. Ark believes Bitcoin will account for 5% (bear) to 25% (bull) of global remittance volume in 2030.
Nation state treasuries: Financial assets owned by governments and primarily used to balance payments. Ark believes Bitcoin will account for 0% (bear) to 5% (bull) of global treasury reserves in 2030.
Emerging market currencies: Money systems in countries undergoing robust economic expansion but don't yet possess all the qualities of a developed country. Ark believes Bitcoin will account for 0.5% (bear) to 10% (bull) of currency in emerging markets in 2030.
Economic settlement: The sum of money used to settle transactions between clients of different financial institutions. Ark measures this opportunity against U.S. bank settlement volume, anticipating that Bitcoin will account for 1% (bear) to 10% (bull) of that total in 2030.
HNWI assets: Financial assets owned by high-net-worth individuals (HNWI), a term usually applied to people with at least $1 million in investments. Ark believes Bitcoin will account for 1% (bear) to 5% (bull) of HNWI assets in 2030.
Institutional assets: Invested assets managed by financial advisors, hedge funds, and endowments, among other types of institutional investors. Ark believes Bitcoin will account for 1% (bear) to 6.5% (bull) of institutional assets in 2030.
Gold: Ark believes Bitcoin will be treated much like physical gold as a store of value, siphoning off 20% (bear) to 50% (bull) of funds that would have otherwise been invested in gold in 2030.
Of those eight markets, Ark projects the largest opportunities as (1) institutional assets, (2) emerging market currencies, (3) gold alternatives, and (4) HNWI assets. Bitcoin is far from satisfying the base case estimates across those categories, let alone the bull case estimates. But some of Ark's assumptions appear plausible.
For instance, several large public companies have already incorporated Bitcoin into their treasury strategies, including Tesla, Block, MercadoLibre, and MicroStrategy. Several national governments also own Bitcoin.
Additionally, a recent survey from Fidelity found that, while penetration remains low among hedge funds and endowments, most financial advisors and HNWIs have purchased Bitcoin. Some analysts see that trend intensifying in the years ahead.
Paul Maley, Deutsche Bank's global head of securities services, recently told Reuters that Bitcoin was "bound to be seen as one of the priorities for investors and companies."
Bitcoin is worth buying for some investors, but with tempered expectations
Attempting to value Bitcoin is difficult. Cryptocurrencies aren't the same as companies that generate cash or fixed-income securities, so they can't be evaluated in the same way as either. Ultimately, the extent to which Bitcoin disrupts the markets identified by Ark will depend on sentiment.
How popular will Bitcoin be with investors, companies, governments, and consumers in seven years? Answering that question with any degree of certainty is impossible. Bitcoin has only been around since 2009, so there's next to no historical precedent. For that reason, if forced to choose between Ark's three scenarios, I would choose the most conservative one.
The bear case hinges almost entirely on the idea that Bitcoin can disrupt the status quo with institutional assets and gold. That seems more likely than Bitcoin being widely adopted as an emerging market currency, settlement currency, or nation state reserve currency. To be clear, I'm not saying the 515% upside implied by the bear case is money in the bank, but rather, I'm identifying the scenario I see as most probable.
Here's the bottom line: Cryptocurrency is a risky asset class. But I think investors should consider buying a small position in Bitcoin if they can (1) tolerate substantial volatility, (2) handle losing money, and (3) commit to holding their Bitcoin for at least five to seven years.
Should you invest $1,000 in Bitcoin right now?
Before you buy stock in Bitcoin, 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 Bitcoin 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
Trevor Jennewine has positions in Block, MercadoLibre, and Tesla. The Motley Fool has positions in and recommends Bitcoin, Block, MercadoLibre, and Tesla. 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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Cathie Wood is the founder and chief executive officer of Ark Invest, an asset management company focused on disruptive technologies like blockchain and cryptocurrency. Additionally, a recent survey from Fidelity found that, while penetration remains low among hedge funds and endowments, most financial advisors and HNWIs have purchased Bitcoin. Paul Maley, Deutsche Bank's global head of securities services, recently told Reuters that Bitcoin was "bound to be seen as one of the priorities for investors and companies."
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Ark Invest's Bitcoin valuation model Ark Invest recently published a Bitcoin valuation model that presents three possible price targets in 2030, as detailed below: Bear case: $258,500, implying 515% upside Base case: $682,800, implying 1,525% upside Bull case: $1.48 million, implying 3,425% upside All three scenarios are based on Bitcoin's ability to disrupt eight markets to varying degrees. Institutional assets: Invested assets managed by financial advisors, hedge funds, and endowments, among other types of institutional investors. That seems more likely than Bitcoin being widely adopted as an emerging market currency, settlement currency, or nation state reserve currency.
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Ark Invest's Bitcoin valuation model Ark Invest recently published a Bitcoin valuation model that presents three possible price targets in 2030, as detailed below: Bear case: $258,500, implying 515% upside Base case: $682,800, implying 1,525% upside Bull case: $1.48 million, implying 3,425% upside All three scenarios are based on Bitcoin's ability to disrupt eight markets to varying degrees. Ark believes Bitcoin will account for 1% (bear) to 6.5% (bull) of institutional assets in 2030. Before you buy stock in Bitcoin, 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 Bitcoin wasn't one of them.
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Ark believes Bitcoin will account for 0.5% (bear) to 10% (bull) of currency in emerging markets in 2030. Institutional assets: Invested assets managed by financial advisors, hedge funds, and endowments, among other types of institutional investors. Before you buy stock in Bitcoin, 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 Bitcoin wasn't one of them.
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2023-12-11 00:00:00 UTC
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3 AI and Robotics Stocks Reshaping the Future of Tech
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https://www.nasdaq.com/articles/3-ai-and-robotics-stocks-reshaping-the-future-of-tech
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Through the pulsating realms of technology and healthcare, this article unveils the captivating narratives of three visionary entities. Amidst the ceaseless march of innovation, these future tech stocks stand as titans, redefining industries.
These aren’t just stock tickers; they’re the vanguards of a paradigm shift, where innovation isn’t just a buzzword but the pulsating heartbeat of progress. Read more to unravel their strategies of resilience, disruption and the relentless pursuit of a future molded by AI, robotics and unwavering innovation.
UiPath (PATH)
Source: dennizn / Shutterstock.com
To begin with the bottom line, UiPath (NYSE:PATH) has an impressive increase in non-GAAP operating margin by over 6% to 13%. This growth signifies its operational efficiency and cost management. This substantial margin enhancement reflects the company’s ability to optimize its operations while growing its top line, representing effective resource utilization. Moreover, generating a non-GAAP-adjusted free cash flow of $44 million further solidifies UiPath’s financial strength and sustainability.
Additionally, UiPath emphasizes industry verticalization as a strategic priority. The emphasis is highlighted by the availability of 70 solution accelerators in its marketplace. These accelerators cater to specific industry needs, such as IT Service Management Software user provisioning and invoice processing for Coupa (NASDAQ:COUP) and SAP (NYSE:SAP). Also, these products demonstrate UiPath’s ability to offer tailored solutions that resonate with diverse industry requirements. Thus, the focused approach enhances the company’s appeal and usability across different sectors, driving its market penetration.
Furthermore, UiPath’s progress with various customers demonstrates the tangible benefits and returns on investment achieved through its automation solutions. The progress showcases customer expansions over time by adopting various UiPath products. This illustrates the platform’s scalability and utility across diverse organizational use cases. For instance, the ability to drive significant ROI, exemplified by success stories like Johnson Controls (NYSE:JCI) and The Department for Work and Pensions in the UK, emphasizes UiPath’s value proposition and long-term potential for growth.
Finally, the impact of events like Forward VI, which hosted over 3K guests, demonstrates UiPath’s ability to engage with automation practitioners, industry leaders and key decision-makers. Such events act as catalysts, strengthening relationships, expanding partnerships and potentially driving future pipeline growth. Therefore, the provided guidance for Q4 fiscal 2024 holds an annual recurring revenue (ARR) of $1.450–$1.455 billion, indicating UiPath’s confidence in sustaining growth momentum.
Intuitive Surgical (ISRG)
Source: Sundry Photography / Shutterstock.com
Intuitive Surgical (NASDAQ:ISRG) consistently witnessed a remarkable 19% growth in da Vinci procedures during Q3 2023. This growth indicates a robust demand for the company’s flagship da Vinci Surgical System. It is known for its precision and minimally invasive capabilities in various surgeries.
The steady increase in da Vinci procedures demonstrates the widening application and acceptance of robotic-assisted surgeries across different medical fields. Thus, the da Vinci system’s adaptability and effectiveness are evident from general surgeries like cholecystectomy and colon resection to complex procedures.
Furthermore, the company’s expansion in various regions, including Germany, Japan, the UK and India, highlights its global acceptance and penetration. These standout regions indicate the company’s international presence and acceptance of its technology in diverse healthcare settings. The regional growth trends suggest that Intuitive Surgical’s technology is gaining traction worldwide. This expansion further solidifies the company’s position as a key player in theglobal marketfor robotic-assisted surgical solutions.
Apart from da Vinci, the exceptional growth rates in Ion and SP procedures underline the company’s diverse portfolio of surgical solutions. These platforms are rapidly adopted, with Ion showing a remarkable 125% growth and SP procedures accelerating by 54%, highlighting the success and increasing demand for these newer technologies. Fundamentally, the multi-platform growth signifies that Intuitive Surgical’s innovations span various product lines and are not limited to one system, catering to different surgical requirements and driving overall company growth.
Finally, the significant growth in recurring revenue by 21% reflects its customers’ increasing usage and adoption of Intuitive Surgical’s technology. This recurrent income stream highlights their systems’ reliability and sustained use, indicating a loyal customer base and the effectiveness of the company’s products over time.
Zebra (ZBRA)
Source: Michael Vi/ShutterStock.com
On the downside, Zebra (NASDAQ:ZBRA) faced a significant downturn in sales during Q3 2023, experiencing a 31% year-over-year decline. This decline was primarily attributed to weakened demand across all end markets and prolonged sales cycles. However, amidst these challenges, the company’s proactive approach toward cost restructuring actions is a fundamental strength, supporting its potential for rapid growth.
Additionally, the company strategically implemented robust cost restructuring measures during late Q3 and early Q4 2023. These measures result in net annualized cost savings of $100 million, surpassing the previously projected $85 million. These actions aim to optimize the cost structure and reallocate resources to drive sales growth and improve profitability as the company anticipates the recovery of its end markets.
Fundamentally, by focusing on cost rationalization, the company aims to enhance operational efficiency and create a more resilient business model. These cost-saving efforts are crucial for bolstering profitability, especially during reduced sales volumes and uncertain market conditions.
Zebra’s focus on developing a diverse and innovative product portfolio is a cornerstone of its strategy. The company continually introduces new solutions and upgrades across its portfolio to address evolving customer needs and market demands. For instance, the company introduced Zebra Pay, a mobile point-of-sale solution and the Zebra Work Cloud suite, offering workforce optimization, enterprise collaboration, inventory optimization and demand intelligence, are recent innovative additions.
Finally, collaborations with technology leaders like Qualcomm (NASDAQ:QCOM) to integrate AI into handheld mobile computers and tablets without requiring connectivity to the cloud exemplify Zebra’s proactive approach to driving innovation.
On the date of publication, Yiannis Zourmpanos 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.
Yiannis Zourmpanos is the founder of Yiazou Capital Research, a stock-market research platform designed to elevate the due diligence process through in-depth business analysis.
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The post 3 AI and Robotics Stocks Reshaping the Future of Tech appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For instance, the ability to drive significant ROI, exemplified by success stories like Johnson Controls (NYSE:JCI) and The Department for Work and Pensions in the UK, emphasizes UiPath’s value proposition and long-term potential for growth. Finally, the impact of events like Forward VI, which hosted over 3K guests, demonstrates UiPath’s ability to engage with automation practitioners, industry leaders and key decision-makers. Finally, collaborations with technology leaders like Qualcomm (NASDAQ:QCOM) to integrate AI into handheld mobile computers and tablets without requiring connectivity to the cloud exemplify Zebra’s proactive approach to driving innovation.
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Intuitive Surgical (ISRG) Source: Sundry Photography / Shutterstock.com Intuitive Surgical (NASDAQ:ISRG) consistently witnessed a remarkable 19% growth in da Vinci procedures during Q3 2023. These platforms are rapidly adopted, with Ion showing a remarkable 125% growth and SP procedures accelerating by 54%, highlighting the success and increasing demand for these newer technologies. For instance, the company introduced Zebra Pay, a mobile point-of-sale solution and the Zebra Work Cloud suite, offering workforce optimization, enterprise collaboration, inventory optimization and demand intelligence, are recent innovative additions.
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Apart from da Vinci, the exceptional growth rates in Ion and SP procedures underline the company’s diverse portfolio of surgical solutions. Fundamentally, the multi-platform growth signifies that Intuitive Surgical’s innovations span various product lines and are not limited to one system, catering to different surgical requirements and driving overall company growth. For instance, the company introduced Zebra Pay, a mobile point-of-sale solution and the Zebra Work Cloud suite, offering workforce optimization, enterprise collaboration, inventory optimization and demand intelligence, are recent innovative additions.
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Apart from da Vinci, the exceptional growth rates in Ion and SP procedures underline the company’s diverse portfolio of surgical solutions. Fundamentally, the multi-platform growth signifies that Intuitive Surgical’s innovations span various product lines and are not limited to one system, catering to different surgical requirements and driving overall company growth. These actions aim to optimize the cost structure and reallocate resources to drive sales growth and improve profitability as the company anticipates the recovery of its end markets.
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2023-12-11 00:00:00 UTC
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Should You Invest in the SPDR S&P Pharmaceuticals ETF (XPH)?
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https://www.nasdaq.com/articles/should-you-invest-in-the-spdr-sp-pharmaceuticals-etf-xph-9
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Designed to provide broad exposure to the Healthcare - Pharma segment of the equity market, the SPDR S&P Pharmaceuticals ETF (XPH) is a passively managed exchange traded fund launched on 06/19/2006.
Retail and institutional investors increasingly turn to passively managed ETFs because they offer low costs, transparency, flexibility, and tax efficiency; these kind of funds are also excellent vehicles for long term investors.
Sector ETFs also provide investors access to a broad group of companies in particular sectors that offer low risk and diversified exposure. Healthcare - Pharma is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 3, placing it in top 19%.
Index Details
The fund is sponsored by State Street Global Advisors. It has amassed assets over $202.35 million, making it one of the average sized ETFs attempting to match the performance of the Healthcare - Pharma segment of the equity market. XPH seeks to match the performance of the S&P Pharmaceuticals Select Industry Index before fees and expenses.
The S&P Pharmaceuticals Select Industry Index represents the pharmaceuticals sub-industry portion of the S&P Total Markets Index. The S&P TMI tracks all the US common stocks listed on the NYSE, AMEX, NASDAQ National Market and NASDAQ Small Cap exchanges. The Pharmaceuticals Index is a modified equal weight index.
Costs
Expense ratios are an important factor in the return of an ETF and in the long term, cheaper funds can significantly outperform their more expensive counterparts, other things remaining the same.
Annual operating expenses for this ETF are 0.35%, making it one of the least expensive products in the space.
It has a 12-month trailing dividend yield of 1.38%.
Sector Exposure and Top Holdings
Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
This ETF has heaviest allocation in the Healthcare sector--about 100% of the portfolio.
Looking at individual holdings, Eli Lilly + Co (LLY) accounts for about 5.17% of total assets, followed by Johnson + Johnson W/d (JNJ) and Catalent Inc (CTLT).
The top 10 holdings account for about 47.51% of total assets under management.
Performance and Risk
Year-to-date, the SPDR S&P Pharmaceuticals ETF has lost about -1.27% so far, and is down about -4.98% over the last 12 months (as of 12/14/2023). XPH has traded between $35.20 and $44.25 in this past 52-week period.
The ETF has a beta of 0.81 and standard deviation of 20.53% for the trailing three-year period, making it a high risk choice in the space. With about 41 holdings, it has more concentrated exposure than peers.
Alternatives
SPDR S&P Pharmaceuticals ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, XPH is a sufficient option for those seeking exposure to the Health Care ETFs area of the market. Investors might also want to consider some other ETF options in the space.
VanEck Pharmaceutical ETF (PPH) tracks MVIS US Listed Pharmaceutical 25 Index and the iShares U.S. Pharmaceuticals ETF (IHE) tracks Dow Jones U.S. Select Pharmaceuticals Index. VanEck Pharmaceutical ETF has $424.05 million in assets, iShares U.S. Pharmaceuticals ETF has $601.19 million. PPH has an expense ratio of 0.36% and IHE charges 0.40%.
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
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SPDR S&P Pharmaceuticals ETF (XPH): ETF Research Reports
Johnson & Johnson (JNJ) : Free Stock Analysis Report
Eli Lilly and Company (LLY) : Free Stock Analysis Report
Catalent, Inc. (CTLT) : Free Stock Analysis Report
iShares U.S. Pharmaceuticals ETF (IHE): ETF Research Reports
VanEck Pharmaceutical ETF (PPH): 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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Designed to provide broad exposure to the Healthcare - Pharma segment of the equity market, the SPDR S&P Pharmaceuticals ETF (XPH) is a passively managed exchange traded fund launched on 06/19/2006. It has amassed assets over $202.35 million, making it one of the average sized ETFs attempting to match the performance of the Healthcare - Pharma segment of the equity market. The ETF has a beta of 0.81 and standard deviation of 20.53% for the trailing three-year period, making it a high risk choice in the space.
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Designed to provide broad exposure to the Healthcare - Pharma segment of the equity market, the SPDR S&P Pharmaceuticals ETF (XPH) is a passively managed exchange traded fund launched on 06/19/2006. VanEck Pharmaceutical ETF (PPH) tracks MVIS US Listed Pharmaceutical 25 Index and the iShares U.S. Pharmaceuticals ETF (IHE) tracks Dow Jones U.S. Click to get this free report SPDR S&P Pharmaceuticals ETF (XPH): ETF Research Reports Johnson & Johnson (JNJ) : Free Stock Analysis Report Eli Lilly and Company (LLY) : Free Stock Analysis Report Catalent, Inc. (CTLT) : Free Stock Analysis Report iShares U.S. Pharmaceuticals ETF (IHE): ETF Research Reports VanEck Pharmaceutical ETF (PPH): ETF Research Reports To read this article on Zacks.com click here.
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VanEck Pharmaceutical ETF (PPH) tracks MVIS US Listed Pharmaceutical 25 Index and the iShares U.S. Pharmaceuticals ETF (IHE) tracks Dow Jones U.S. Bottom Line To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center. Click to get this free report SPDR S&P Pharmaceuticals ETF (XPH): ETF Research Reports Johnson & Johnson (JNJ) : Free Stock Analysis Report Eli Lilly and Company (LLY) : Free Stock Analysis Report Catalent, Inc. (CTLT) : Free Stock Analysis Report iShares U.S. Pharmaceuticals ETF (IHE): ETF Research Reports VanEck Pharmaceutical ETF (PPH): ETF Research Reports To read this article on Zacks.com click here.
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XPH seeks to match the performance of the S&P Pharmaceuticals Select Industry Index before fees and expenses. Annual operating expenses for this ETF are 0.35%, making it one of the least expensive products in the space. The top 10 holdings account for about 47.51% of total assets under management.
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