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2023-12-11 00:00:00 UTC
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Why Fast-paced Mover Ocwen (OCN) Is a Great Choice for Value Investors
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DCOMP
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https://www.nasdaq.com/articles/why-fast-paced-mover-ocwen-ocn-is-a-great-choice-for-value-investors
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Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."
Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead of their future growth potential. In such a situation, investors find themselves loaded up on expensive shares with limited to no upside or even a downside. So, going all-in on momentum could be risky at times.
A safer approach could be investing in bargain stocks with recent price momentum. While the Zacks Momentum Style Score (part of the Zacks Style Scores system) helps identify great momentum stocks by paying close attention to trends in a stock's price or earnings, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced.
Ocwen Financial (OCN) is one of the several great candidates that made it through the screen. While there are numerous reasons why this stock is a great choice, here are the most vital ones:
Investors' growing interest in a stock is reflected in its recent price increase. A price change of 2.7% over the past four weeks positions the stock of this mortgage servicer well in this regard.
While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. OCN meets this criterion too, as the stock gained 0.8% over the past 12 weeks.
Moreover, the momentum for OCN is fast paced, as the stock currently has a beta of 2.08. This indicates that the stock moves 108% higher than the market in either direction.
Given this price performance, it is no surprise that OCN has a Momentum Score of B, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success.
In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped OCN earn a Zacks Rank #1 (Strong Buy). Our research shows that the momentum-effect is quite strong among Zacks Rank #1 and #2 stocks. That's because as covering analysts raise their earnings estimates for a stock, more and more investors take an interest in it, helping its price race to keep up. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Most importantly, despite possessing fast-paced momentum features, OCN is trading at a reasonable valuation. In terms of Price-to-Sales ratio, which is considered as one of the best valuation metrics, the stock looks quite cheap now. OCN is currently trading at 0.20 times its sales. In other words, investors need to pay only 20 cents for each dollar of sales.
So, OCN appears to have plenty of room to run, and that too at a fast pace.
In addition to OCN, there are several other stocks that currently pass through our 'Fast-Paced Momentum at a Bargain' screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.
However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies.
Click here to sign up for a free trial to the Research Wizard today.
The New Gold Rush: How Lithium Batteries Will Make Millionaires
As the electric vehicle revolution expands, investors have a chance to target huge gains. Millions of lithium batteries are being made & demand is expected to increase 889%.
Download the brand-new FREE report revealing 5 EV battery stocks set to soar.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Ocwen Financial Corporation (OCN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Most importantly, despite possessing fast-paced momentum features, OCN is trading at a reasonable valuation. The New Gold Rush: How Lithium Batteries Will Make Millionaires As the electric vehicle revolution expands, investors have a chance to target huge gains.
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While the Zacks Momentum Style Score (part of the Zacks Style Scores system) helps identify great momentum stocks by paying close attention to trends in a stock's price or earnings, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced. In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped OCN earn a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Most importantly, despite possessing fast-paced momentum features, OCN is trading at a reasonable valuation.
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While the Zacks Momentum Style Score (part of the Zacks Style Scores system) helps identify great momentum stocks by paying close attention to trends in a stock's price or earnings, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced. While there are numerous reasons why this stock is a great choice, here are the most vital ones: Investors' growing interest in a stock is reflected in its recent price increase. Given this price performance, it is no surprise that OCN has a Momentum Score of B, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success.
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While the Zacks Momentum Style Score (part of the Zacks Style Scores system) helps identify great momentum stocks by paying close attention to trends in a stock's price or earnings, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced. Given this price performance, it is no surprise that OCN has a Momentum Score of B, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success. In addition to OCN, there are several other stocks that currently pass through our 'Fast-Paced Momentum at a Bargain' screen.
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5206377e-290d-4bab-bd88-9c50dbc89aa1
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713801.0
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2023-12-11 00:00:00 UTC
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Here's Why Gap (GPS) Stock Seems a Promising Investment Bet
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DCOMP
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https://www.nasdaq.com/articles/heres-why-gap-gps-stock-seems-a-promising-investment-bet
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nan
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nan
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The Gap, Inc. GPS is well-poised to tap the positive trends in the fashion world, thanks to its robust strategic initiatives including the Power Plan 2023 Strategy. The company is gaining from brand strength and the solid demand for its products that resonate well with customers. It remains committed to creating a trend-right merchandise assortment, deepening relations with customers via marketing, enhancing the digital commerce agenda and efficiently controlling expenses. Management is encouraged by the improved performance at Old Navy and its namesake label and expects a longer recovery time for Athleta and Banana Republic.
Buoyed by such strengths, shares of this clothing and accessories retailer have surged a whopping 89.6% compared with the industry’s 12.6% growth in the three-month time frame. A Value Score of A further adds strength to this current Zacks Rank #1 (Strong Buy) company. The Zacks Consensus Estimate for GPS fiscal 2023’s earnings per share is pegged at $1.15, reflecting an increase of 387.5% year over year. This highlights analysts’ confidence in the stock.
Let’s Analyze Further
Gap has been aggressively undertaking cost-management actions. It has been making efforts to simplify and optimize its operating model and structure, including increasing spans of control and decreasing management layers to improve the quality and speed of decision-making, as well as creating a consistent organizational structure across its brands. The company is focused on actioning more than $550 million as annualized cost savings, realizing margin expansion on lower air costs, improved discounting and effective sourcing strategies.
Image Source: Zacks Investment Research
Gap is on track with the execution of its Power Plan 2023, which focuses on opening highly profitable Old Navy and Athleta stores while closing the underperforming Gap and Banana Republic stores. Further, it expects to leverage its powerful platform to deliver competitive omni capabilities to meet customers’ needs, fueled by its scaled operations. Through the plan, the company expects to deliver consistent sales growth, margin expansion and strong operating cash flow.
The company expects to open 15 to 20 Old Navy and Athleta stores and close 50 Gap and Banana Republic stores in fiscal 2023. This is in sync with its plan to close 350 Gap and Banana Republic stores in North America by the end of fiscal 2023. With the closing of underperforming Gap and Banana Republic stores, the company expects to realize $100 million in EBITDA savings on an annualized basis by the end of the current fiscal year. As part of the plan, the company expects the Old Navy and Athleta brands to contribute about 70% of sales by fiscal 2023.
Markedly, Gap has been gaining from lower airfreight and improved promotional activity for a while now. This has been aiding the company’s margins and, in turn, the overall profitability. During third-quarter fiscal 2023, the gross margin expanded 390 basis points (bps) year over year on a reported basis and 260 bps on an adjusted basis. Merchandise margin increased 340 bps on 180 bps of leveraged commodity costs and lower air utilization, as well as 160 bps of improved promotional activity from better inventory position and robust assortments. Meanwhile, the adjusted operating margin increased 290 bps to 6.8%, driven by an improved gross margin and adjusted SG&A leverage. Adjusted SG&A expenses also declined 7% year over year stemming from the organizational changes and other cost-control efforts.
Going ahead, management expects the gross margin to expand in the fourth quarter of fiscal 2023. This will be backed by merchandise margin expansion of 280 bps stemming from lower commodity costs and reduced air utilization. It anticipates promotional levels to be roughly in line year over year. For fiscal 2023, Gap expects gross margin expansion versus an adjusted gross margin of 35% in fiscal 2022, buoyed by an estimated 200 bps of leveraged airfreight and about 170 bps of leveraged promotional activity stemming from lower inventories and better assortments.
Given all the positives, Gap stock seems to deserve a place in your investment portfolio.
Eye These Solid Picks Too
We have highlighted three other top-ranked stocks, namely Abercrombie & Fitch ANF, Hibbett HIBB and American Eagle AEO.
Abercrombie & Fitch, a leading casual apparel retailer, currently sports a Zacks Rank of 1. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Abercrombie & Fitch’s current financial-year sales suggests growth of 13.3% from the year-ago reported figure. ANF delivered an earnings surprise of 713% in the last reported quarter.
Hibbett, the key sporting goods retailer, currently sports a Zacks Rank of 1. HIBB delivered an earnings surprise of 24.2% in the trailing four quarters.
The Zacks Consensus Estimate for Hibbett’s current financial-year sales suggests growth of 1.7% from the year-ago reported figure.
American Eagle, a leading apparel retailer, currently carries a Zacks Rank #2 (Buy).
The Zacks Consensus Estimate for American Eagle’s current financial-year sales suggests growth of 4% from the year-ago reported figure. AEO delivered an earnings surprise of 23% in the trailing four quarters.
The New Gold Rush: How Lithium Batteries Will Make Millionaires
As the electric vehicle revolution expands, investors have a chance to target huge gains. Millions of lithium batteries are being made & demand is expected to increase 889%.
Download the brand-new FREE report revealing 5 EV battery stocks set to soar.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report
American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report
The Gap, Inc. (GPS) : Free Stock Analysis Report
Hibbett, Inc. (HIBB) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It remains committed to creating a trend-right merchandise assortment, deepening relations with customers via marketing, enhancing the digital commerce agenda and efficiently controlling expenses. With the closing of underperforming Gap and Banana Republic stores, the company expects to realize $100 million in EBITDA savings on an annualized basis by the end of the current fiscal 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.
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Merchandise margin increased 340 bps on 180 bps of leveraged commodity costs and lower air utilization, as well as 160 bps of improved promotional activity from better inventory position and robust assortments. For fiscal 2023, Gap expects gross margin expansion versus an adjusted gross margin of 35% in fiscal 2022, buoyed by an estimated 200 bps of leveraged airfreight and about 170 bps of leveraged promotional activity stemming from lower inventories and better assortments. Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report The Gap, Inc. (GPS) : Free Stock Analysis Report Hibbett, Inc. (HIBB) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Image Source: Zacks Investment Research Gap is on track with the execution of its Power Plan 2023, which focuses on opening highly profitable Old Navy and Athleta stores while closing the underperforming Gap and Banana Republic stores. For fiscal 2023, Gap expects gross margin expansion versus an adjusted gross margin of 35% in fiscal 2022, buoyed by an estimated 200 bps of leveraged airfreight and about 170 bps of leveraged promotional activity stemming from lower inventories and better assortments. Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report The Gap, Inc. (GPS) : Free Stock Analysis Report Hibbett, Inc. (HIBB) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Image Source: Zacks Investment Research Gap is on track with the execution of its Power Plan 2023, which focuses on opening highly profitable Old Navy and Athleta stores while closing the underperforming Gap and Banana Republic stores. Through the plan, the company expects to deliver consistent sales growth, margin expansion and strong operating cash flow. Eye These Solid Picks Too We have highlighted three other top-ranked stocks, namely Abercrombie & Fitch ANF, Hibbett HIBB and American Eagle AEO.
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63fb836e-c499-46f5-ab64-7b7d4345b583
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713802.0
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2023-12-11 00:00:00 UTC
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Zacks Investment Ideas feature highlights: QQQE, QQQ, RSP and Twilio
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DCOMP
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https://www.nasdaq.com/articles/zacks-investment-ideas-feature-highlights%3A-qqqe-qqq-rsp-and-twilio
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For Immediate Release
Chicago, IL – December 14, 2023 – Today, Zacks Investment Ideas feature highlights Nasdaq 100 Equal Weighted Index QQQE, Nasdaq 100 ETF QQQ, S&P 500 Equal Weight ETF RSP and Twilio TWLO.
5 Reasons the Pendulum Is Swinging Back to Equal-Weight Baskets
The Story of 2023: Equal Weight vs. Market Cap Weighted Indexes
2023 was a year of extremes. When investors look back on 2023 in the future, those who study the sole price action of the major indices will fail to understand what it was like to trade the market in real-time. That's because, until recently, much of the years biggest winners are mega-cap tech juggernauts that have drastically larger market caps than most stocks – and even most countries.
"The Magnificent 7," comprised of high-tech companies, with massive cash hoards, and ample institutional investments have been so strong that they have put the broader indices on their shoulders. In other words, investors who look at market cap-weighted indexes are not getting the full picture because these mega cap behemoths have pulled more than their weight and have masked the weakness (or lack of strength) in other areas of the market.
In an equal-weight index or ETF, every stock in the portfolio carries the same weight, offering more balanced exposure across all holdings. This means smaller companies contribute as much as larger ones. Conversely, market cap-weighted ETFs assigns weights based on the market value of each stock, making larger companies more influential.
To illustrate how stark the difference has been between each of these indexes, the Nasdaq 100 Equal Weighted Index is +27.69%, while its market cap-weighted counterpart the Nasdaq 100 ETF is up ~50%! For the S&P 500 Index, the difference is even more stark. The Invesco S&P 500 Equal Weight ETF is +7.65% for the year, while the S&P 500 Index ETF is up more than double that (+21.31%). Though the trend mentioned above has persisted for most of 2023, there are five signs that mega-cap dominance may be nearing its end, including:
Relative Strength Reversal
Observing a change in raw relative strength is often the first sign that a trend change may be around the corner. Tuesday, QQQE rose 2%, more than double that of the QQQ's +0.85% gain.
Rotation: Digestion in Mega-Cap Stocks Leads to Strength in Other Market Areas
As self-proclaimed data-junkie Callie Cox (@calliebost) pointed out in a tweet, "Today (Tuesday) was the first day since July 2022 that the S&P 500 rose even though every Magnificent 7 stock fell." In other words, as mega-cap winners take a breather, money is rotating into small and midcap cap stocks.
Small Caps: Evidence of Reversion to the Mean Potential
Markets are cyclical. When big caps get stretched to far to the upside, eventually small caps take the baton and outperform. The Russell 2000 Index has failed to mint fresh 52-week highs since November 2021. The streak of more than 500 days without a fresh 52-week high is the longest in the indexes 39-year history. If history repeats, the reversion to the mean should be breathtaking.
Net New High-Low Indicator Suggests Participation is Broadening
After struggling to achieve net new highs for months, the Dow Jones Industrial Average has achieved net new highs for 19 straight sessions. In other words, investors are spreading the love to stocks not within the Magnificent 7.
Valuations Have Shrunk
Valuations in beaten-down growth stocks are becoming too attractive for investors to pass up. Software company Twilio, a former pandemic darling, is seeing its price-to-sales ratio hover near all-time lows. The strength in TWLO and similar "growthy" names of late, suggests that investors are intent on taking advantage of the recent "fire sale" in these types of stocks.
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation.
See Stocks Free >>
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
https://www.zacks.com
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
The New Gold Rush: How Lithium Batteries Will Make Millionaires
As the electric vehicle revolution expands, investors have a chance to target huge gains. Millions of lithium batteries are being made & demand is expected to increase 889%.
Download the brand-new FREE report revealing 5 EV battery stocks set to soar.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Invesco QQQ (QQQ): ETF Research Reports
Invesco S&P 500 Equal Weight ETF (RSP): ETF Research Reports
Twilio Inc. (TWLO) : Free Stock Analysis Report
Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE): 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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"The Magnificent 7," comprised of high-tech companies, with massive cash hoards, and ample institutional investments have been so strong that they have put the broader indices on their shoulders. The strength in TWLO and similar "growthy" names of late, suggests that investors are intent on taking advantage of the recent "fire sale" in these types of stocks. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security.
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For Immediate Release Chicago, IL – December 14, 2023 – Today, Zacks Investment Ideas feature highlights Nasdaq 100 Equal Weighted Index QQQE, Nasdaq 100 ETF QQQ, S&P 500 Equal Weight ETF RSP and Twilio TWLO. 5 Reasons the Pendulum Is Swinging Back to Equal-Weight Baskets The Story of 2023: Equal Weight vs. Market Cap Weighted Indexes 2023 was a year of extremes. Click to get this free report Invesco QQQ (QQQ): ETF Research Reports Invesco S&P 500 Equal Weight ETF (RSP): ETF Research Reports Twilio Inc. (TWLO) : Free Stock Analysis Report Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE): ETF Research Reports To read this article on Zacks.com click here.
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For Immediate Release Chicago, IL – December 14, 2023 – Today, Zacks Investment Ideas feature highlights Nasdaq 100 Equal Weighted Index QQQE, Nasdaq 100 ETF QQQ, S&P 500 Equal Weight ETF RSP and Twilio TWLO. Conversely, market cap-weighted ETFs assigns weights based on the market value of each stock, making larger companies more influential. Click to get this free report Invesco QQQ (QQQ): ETF Research Reports Invesco S&P 500 Equal Weight ETF (RSP): ETF Research Reports Twilio Inc. (TWLO) : Free Stock Analysis Report Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE): ETF Research Reports To read this article on Zacks.com click here.
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Conversely, market cap-weighted ETFs assigns weights based on the market value of each stock, making larger companies more influential. To illustrate how stark the difference has been between each of these indexes, the Nasdaq 100 Equal Weighted Index is +27.69%, while its market cap-weighted counterpart the Nasdaq 100 ETF is up ~50%! Small Caps: Evidence of Reversion to the Mean Potential Markets are cyclical.
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713803.0
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2023-12-11 00:00:00 UTC
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3 Stocks to Buy Before 2024 That Can Set You Up For Life
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DCOMP
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https://www.nasdaq.com/articles/3-stocks-to-buy-before-2024-that-can-set-you-up-for-life
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You shouldn't have to keep a close eye on your investments. If you find solid stocks to buy, you can leave them in your portfolio and simply wait for their operations to grow and become larger over time, leading to potentially great returns in the long run.
Three stocks that look promising today are Regeneron Pharmaceuticals (NASDAQ: REGN), Carnival Corp. (NYSE: CCL), and Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL). These stocks provide good value for investors today, and buying them before they soar even higher in 2024 could be a great move for investors to make right now.
1. Regeneron Pharmaceuticals
Biotech company Regeneron Pharmaceuticals is a growing business that has plenty of potential to get even bigger in the years ahead. What makes it an attractive long-term play is that it generates ample revenue and free cash flow today due to Eylea, its treatment for wet age-related macular degeneration, and multiple collaboration agreements with top pharma companies, including Sanofi and Bayer. This includes the multibillion-dollar asset it has in Dupixent, a treatment for eczema, which it has been developing with Sanofi. At its peak, it could generate $20 billion in revenue.
Over the past three years, Regeneron has accumulated free cash flow totaling $11.9 billion. That can be incredibly valuable for a growing business that needs money to continue to get larger. Plus, the business is already hugely profitable, with Regeneron enjoying profit margins of 30% over the trailing 12 months. Strong financials can provide the business with lots of runway to get even bigger in the long run.
The healthcare stock is trading at just under 20 times its estimated future earnings, which is in line with the S&P 500 average. But with solid fundamentals and more opportunities to get even bigger (the company has more than 35 active trials ongoing), now can be an excellent time to buy the stock while it's still a relatively cheap buy.
2. Carnival Corp.
Cruise ship operator Carnival has been recovering nicely this year. However, investors remain hesitant to buy shares of the business, which could prove to be a mistake. At a forward price-to-earnings multiple of 17, the stock offers good value to investors. The pandemic, lockdowns, and the general bad press that followed cruise ships over the past few years resulted in Carnival Corp. going from a stock that was trading at more than $40 a share in early 2020 to now struggling to stay above the $20 mark.
Carnival's results have been showing signs of improvement, with the company reporting a positive operating profit in its two most recent quarters. For the period ended Aug. 31, its profit was just under $1.1 billion. Over the past three quarters, it has also generated positive operating cash flow.
The business still faces challenges, as it has $29.5 billion in long-term debt on its books. But it has been reducing that, and with the company's recent financial performance looking much stronger, there's no reason that it can't continue to come down in future quarters. Carnival is one of the more promising stocks to own while its valuation is down. And given its strong customer base and focus on retirees, it may be a resilient investment to own, even if there is a slowdown in leisure travel in 2024.
Carnival is a great growth stock to own, and now can be an excellent time for investors to load up on its shares.
3. Alphabet
This year has been a strong one for tech giant Alphabet. Up over 50% year to date, it has been part of the "Magnificent Seven," which have been helping the S&P 500 perform well in 2023. And yet, the stock still isn't overly expensive as it is trading at 20 times its future profits.
The company behind Google and YouTube is also a hot buy due to its chatbot, Bard. And the momentum could pick up significantly now that the company has unveiled its new artificial intelligence (AI) model, Gemini. The model will help Bard become better and more competitive with OpenAI's ChatGPT-4. The company is also using a smaller version, the Gemini Nano, in its new Pixel 8 phones, which allow people to use AI to help make enhancements and changes to images. AI-powered products and services are still in their early stages, but Alphabet looks to be a promising company in this realm.
Alphabet has generated more than $60 billion in free cash flow in each of the past two years, and that's a good example of why it may have plenty of resources at its disposal to invest heavily in AI.
The good news for investors is that it's not too late to invest in this magnificent business. The stock isn't overpriced right now, and shares of Alphabet could soar even higher in the future.
Should you invest $1,000 in Regeneron Pharmaceuticals right now?
Before you buy stock in Regeneron Pharmaceuticals, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Regeneron Pharmaceuticals wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
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See the 10 stocks
*Stock Advisor returns as of December 7, 2023
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. David Jagielski has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet. 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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If you find solid stocks to buy, you can leave them in your portfolio and simply wait for their operations to grow and become larger over time, leading to potentially great returns in the long run. What makes it an attractive long-term play is that it generates ample revenue and free cash flow today due to Eylea, its treatment for wet age-related macular degeneration, and multiple collaboration agreements with top pharma companies, including Sanofi and Bayer. The pandemic, lockdowns, and the general bad press that followed cruise ships over the past few years resulted in Carnival Corp. going from a stock that was trading at more than $40 a share in early 2020 to now struggling to stay above the $20 mark.
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Three stocks that look promising today are Regeneron Pharmaceuticals (NASDAQ: REGN), Carnival Corp. (NYSE: CCL), and Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL). Regeneron Pharmaceuticals Biotech company Regeneron Pharmaceuticals is a growing business that has plenty of potential to get even bigger in the years ahead. Before you buy stock in Regeneron Pharmaceuticals, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Regeneron Pharmaceuticals wasn't one of them.
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Three stocks that look promising today are Regeneron Pharmaceuticals (NASDAQ: REGN), Carnival Corp. (NYSE: CCL), and Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL). Before you buy stock in Regeneron Pharmaceuticals, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Regeneron Pharmaceuticals wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 7, 2023 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors.
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Over the past three quarters, it has also generated positive operating cash flow. Before you buy stock in Regeneron Pharmaceuticals, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Regeneron Pharmaceuticals wasn't one of them. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
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1e3a2e21-337e-4a43-9494-9a0fbd3a6eaa
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713804.0
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2023-12-11 00:00:00 UTC
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Climate-tech firm Climeworks to sell carbon credits to BCG
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https://www.nasdaq.com/articles/climate-tech-firm-climeworks-to-sell-carbon-credits-to-bcg
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By Peter Henderson
SAN FRANCISCO, Dec 14 (Reuters) - Carbon capture startup Climeworks said it has agreed to sell 80,000 metric tons of carbon credits to Boston Consulting Group (BCG) over 15 years, its biggest and longest-duration deal.
It is an important step toward building credibility for the nascent direct air capture (DAC) industry - which uses minerals and chemicals to suck carbon dioxide out of the air - as it ramps up commitments that will help it attract new funds for expansion.
The deal comes on the heels of a to combat climate change.
Other startups have signed similar deals: 1PointFive, a unit of oil company Occidental Petroleum OXY.N, agreed to sell 250,000 tons of credits over 10 years to Amazon.comAMZN.O, and California-based Heirloom said in September it would sell 315,000 tons of credits to Microsoft MSFT.O.
Climeworks Chief Financial Officer Andreas Aepli told Reuters that purchase commitments would show project financiers a clear income stream, crucial to raising money for construction of new plants. The 15-year tenure of the project was particularly important, he added.
"The longer we can stretch these agreements, the longer we can get customers to commit, the more financeable these plants become," he said.
Climeworks and BCG declined to give the price of the credits. Earlier this year, Climeworks sold JPMorgan Chase credits for around $800 a ton. A similar price would put the new agreement at around $64 million.
Climeworks' largest working project removes about 4,000 tons of carbon dioxide from the atmosphere each year. The $800 per ton price is about eight times more expensive than what experts think is likely to spur widescale adoption, illustrating the challenges facing the technology.
Still, the world is expected to need to capture billions of tons of greenhouse gases annually to avoid disastrous climate change, U.N. scientists have said.
Climeworks and other DAC firms in August were winners of the first round of a U.S.-funded project to build hubs that could remove millions of tons of CO2.
(Reporting by Peter Henderson; editing by Sayantani Ghosh and Leslie Adler)
((peter.henderson@thomsonreuters.com; 323 251 4827;))
The views and 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 $800 per ton price is about eight times more expensive than what experts think is likely to spur widescale adoption, illustrating the challenges facing the technology. Still, the world is expected to need to capture billions of tons of greenhouse gases annually to avoid disastrous climate change, U.N. scientists have said. Climeworks and other DAC firms in August were winners of the first round of a U.S.-funded project to build hubs that could remove millions of tons of CO2.
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By Peter Henderson SAN FRANCISCO, Dec 14 (Reuters) - Carbon capture startup Climeworks said it has agreed to sell 80,000 metric tons of carbon credits to Boston Consulting Group (BCG) over 15 years, its biggest and longest-duration deal. Other startups have signed similar deals: 1PointFive, a unit of oil company Occidental Petroleum OXY.N, agreed to sell 250,000 tons of credits over 10 years to Amazon.comAMZN.O, and California-based Heirloom said in September it would sell 315,000 tons of credits to Microsoft MSFT.O. Climeworks' largest working project removes about 4,000 tons of carbon dioxide from the atmosphere each year.
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By Peter Henderson SAN FRANCISCO, Dec 14 (Reuters) - Carbon capture startup Climeworks said it has agreed to sell 80,000 metric tons of carbon credits to Boston Consulting Group (BCG) over 15 years, its biggest and longest-duration deal. Other startups have signed similar deals: 1PointFive, a unit of oil company Occidental Petroleum OXY.N, agreed to sell 250,000 tons of credits over 10 years to Amazon.comAMZN.O, and California-based Heirloom said in September it would sell 315,000 tons of credits to Microsoft MSFT.O. Climeworks' largest working project removes about 4,000 tons of carbon dioxide from the atmosphere each year.
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By Peter Henderson SAN FRANCISCO, Dec 14 (Reuters) - Carbon capture startup Climeworks said it has agreed to sell 80,000 metric tons of carbon credits to Boston Consulting Group (BCG) over 15 years, its biggest and longest-duration deal. A similar price would put the new agreement at around $64 million. Climeworks' largest working project removes about 4,000 tons of carbon dioxide from the atmosphere each year.
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a53ef643-a45b-493d-8434-dcf79388684c
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713805.0
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2023-12-11 00:00:00 UTC
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5 Winning Stocks of 2023 as Dow Jones Hits New Record
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https://www.nasdaq.com/articles/5-winning-stocks-of-2023-as-dow-jones-hits-new-record
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The Dow Jones Industrial Average hit a new record, surpassing 37,000 for the first time after the Fed signaled the possibility of rate cuts next year. The blue-chip index has displayed an astounding rally in the past month, outperforming the other indices. The rally broadened out to other sectors beyond the “Magnificent Seven” stocks.
While most of the stocks in the index have performed remarkably this year, we have highlighted five of them that have been leading the way higher. These include Salesforce Inc. CRM, Intel Corporation INTC, Microsoft Corporation MSFT, Apple Inc. AAPL and Boeing BA.
The Fed, as expected, kept interest rates steady at a 22-year high in the FOMC meeting ended Dec 13. In a major shift, the central bank signaled three rate cuts for the next year, with the federal funds rate falling to a range of 4.4-4.9%, down from the current 5.25% to 5.50%. This suggests that the Fed will cut rates by a total of 0.75% next year, indicating that the historic rate-hiking campaign might be ending. It had previously forecast two rate cuts for 2024. Following the meeting, markets are pricing in a nearly 60% chance that the Fed will begin to cut rates at its March meeting, up from 40% the day prior, per the data from the CME Group.
Being cyclical in nature, the blue-chip index outperforms when economic growth improves. Americans are now feeling more confident about the economy than they did over the past few months. This is especially true as consumer sentiment, as indicated by the preliminary reading on the University of Michigan preliminary index, rebounded sharply in early December and broke the streak of four consecutive months of decline.
Cyclical stocks, bank stocks and small-cap stocks have all shown an upward trend, indicating that the market is in a state of expansion, supporting the uptrend in equities.
Best-Performing Stocks
Salesforce is the leading provider of on-demand Customer Relationship Management software, which enables organizations to better manage critical operations, such as sales force automation, customer service and support, marketing automation, document management, analytics and custom application development. The stock has surged 94.1% this year.
Salesforce has an expected earnings growth rate of 16% for the fiscal year (ending January 2025). It has a Zacks Rank #3 (Hold) and a Growth Score of B.
Intel, the world’s largest semiconductor company and primary supplier of microprocessors and chipsets, is gradually reducing its dependence on the PC-centric business by moving into data-centric businesses — such as AI and autonomous driving. INTC jumped 68.6% this year.
Intel is expected to see earnings growth of 98.5% for 2024 and has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Microsoft is one of the largest broad-based technology providers in the world. The company dominates the PC software market, with more than 73% share of operating systems. MSFT has risen 56.1% this year.
Microsoft is expected to see earnings growth of 13.5% in the fiscal year ending June 2024. It has a Zacks Rank #3 and a solid Growth Score of A.
Apple designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products and HomePod. Shares of AAPL are up more than 52% this year.
Apple’s earnings are expected to grow 7% for the fiscal year (ending September 2024). The stock has a Zacks Rank #3 and has a Momentum Score of B.
Boeing has been the premier manufacturer of commercial jetliners for decades. The company’s premier jet aircraft along with varied defense products position it as one of the largest defense contractors in the United States. It has a solid estimated earnings growth of 157.6% for 2024.
Boeing has risen 31.7% so far this year. The stock has a Zacks Rank #3 and a Growth Score of A.
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
The Boeing Company (BA) : Free Stock Analysis Report
Intel Corporation (INTC) : Free Stock Analysis Report
Apple Inc. (AAPL) : Free Stock Analysis Report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
Salesforce Inc. (CRM) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Dow Jones Industrial Average hit a new record, surpassing 37,000 for the first time after the Fed signaled the possibility of rate cuts next year. This suggests that the Fed will cut rates by a total of 0.75% next year, indicating that the historic rate-hiking campaign might be ending. 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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These include Salesforce Inc. CRM, Intel Corporation INTC, Microsoft Corporation MSFT, Apple Inc. AAPL and Boeing BA. Apple designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories worldwide. Click to get this free report The Boeing Company (BA) : Free Stock Analysis Report Intel Corporation (INTC) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Salesforce Inc. (CRM) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Cyclical stocks, bank stocks and small-cap stocks have all shown an upward trend, indicating that the market is in a state of expansion, supporting the uptrend in equities. Salesforce has an expected earnings growth rate of 16% for the fiscal year (ending January 2025). Click to get this free report The Boeing Company (BA) : Free Stock Analysis Report Intel Corporation (INTC) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Salesforce Inc. (CRM) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The blue-chip index has displayed an astounding rally in the past month, outperforming the other indices. The stock has surged 94.1% this year. The stock has a Zacks Rank #3 and a Growth Score of A.
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82fd1f6a-8e84-4459-85dd-b84b46a616db
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713806.0
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2023-12-11 00:00:00 UTC
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3 Top-Ranked Dividend Stocks: A Smarter Way to Boost Your Retirement Income
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https://www.nasdaq.com/articles/3-top-ranked-dividend-stocks%3A-a-smarter-way-to-boost-your-retirement-income-116
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Believe it or not, seniors fear running out of cash more than they fear dying.
And unfortunately, even retirees who have built a nest egg have good reason to be concerned - with the traditional approaches to retirement planning, income may no longer cover expenses. That means retirees are dipping into principal to make ends meet, setting up a race against time between dwindling investment balances and longer lifespans.
In today's economic environment, traditional income investments are not working.
In the past, investors going into retirement could invest in bonds and count on attractive yields to produce steady, reliable income streams to fund a predictable retirement. 10-year Treasury bond rates in the late 1990s hovered around 6.50%, whereas the current rate is much lower.
The impact of this rate decline is sizable: over 20 years, the difference in yield for a $1 million investment in 10-year Treasuries is more than $1 million.
And lower bond yields aren't the only potential problem seniors are facing. Today's retirees aren't feeling as secure as they once did about Social Security, either. Benefit checks will still be coming for the foreseeable future, but based on current estimates, Social Security funds will run out of money in 2035.
How can you avoid dipping into your principal when the investments you counted on in retirement aren't producing income? You can only cut your expenses so far, and the only other option is to find a different investment vehicle to generate income.
Invest in Dividend Stocks
We feel that these dividend-paying equities - as long as they are from high-quality, low-risk issuers - can give retirement investors a smart option to replace low-yielding Treasury bonds (or other bonds).
Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions.
Going beyond those familiar names, you can find excellent dividend-paying stocks by following a few guidelines. Look for companies that pay a dividend yield of around 3%, with positive annual dividend growth. The growth rate is key to help combat the effects of inflation.
Here are three dividend-paying stocks retirees should consider for their nest egg portfolio.
Amgen (AMGN) is currently shelling out a dividend of $2.25 per share, with a dividend yield of 3.03%. This compares to the Medical - Biomedical and Genetics industry's yield of 0% and the S&P 500's yield of 1.65%. The company's annualized dividend growth in the past year was 9.79%. Check Amgen (AMGN) dividend history here>>>
Banco Itau (ITUB) is paying out a dividend of $0.04 per share at the moment, with a dividend yield of 6.84% compared to the Banks - Foreign industry's yield of 4.05% and the S&P 500's yield. The annualized dividend growth of the company was 549.69% over the past year. Check Banco Itau (ITUB) dividend history here>>>
Currently paying a dividend of $1.1 per share, Ryman Hospitality Properties (RHP) has a dividend yield of 3.68%. This is compared to the REIT and Equity Trust - Other industry's yield of 3.96% and the S&P 500's current yield. Annualized dividend growth for the company in the past year was 900%. Check Ryman Hospitality Properties (RHP) dividend history here>>>
But aren't stocks generally more risky than bonds?
Yes, that's true. As a broad category, bonds carry less risk than stocks. However, the stocks we are talking about - dividend -paying stocks from high-quality companies - can generate income over time and also mitigate the overall volatility of your portfolio compared to the stock market as a whole.
Combating the impact of inflation is one advantage of owning these dividend-paying stocks. Here's why: many of these stable, high-quality companies increase their dividends over time, which translates to rising dividend income that offsets the effects of inflation.
Thinking about dividend-focused mutual funds or ETFs? Watch out for fees.
You may be thinking, "I like this dividend strategy, but instead of investing in individual stocks, I'm going to find a dividend-focused mutual fund or ETF." This approach can make sense, but be aware that some mutual funds and specialized ETFs carry high fees, which may reduce your dividend gains or income, and defeat the goal of this dividend investment approach. If you do wish to invest in a fund, do your research to find the best-quality dividend funds with the lowest fees.
Bottom Line
Seeking steady, consistent income through dividends can be a smart option for financial security in retirement, whether you invest in mutual funds, ETFs, or in dividend-paying stocks.
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
Amgen Inc. (AMGN) : Free Stock Analysis Report
Itau Unibanco Holding S.A. (ITUB) : Free Stock Analysis Report
Ryman Hospitality Properties, Inc. (RHP) : 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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That means retirees are dipping into principal to make ends meet, setting up a race against time between dwindling investment balances and longer lifespans. Bottom Line Seeking steady, consistent income through dividends can be a smart option for financial security in retirement, whether you invest in mutual funds, ETFs, or in dividend-paying stocks. 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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Check Amgen (AMGN) dividend history here>>> Banco Itau (ITUB) is paying out a dividend of $0.04 per share at the moment, with a dividend yield of 6.84% compared to the Banks - Foreign industry's yield of 4.05% and the S&P 500's yield. Check Banco Itau (ITUB) dividend history here>>> Currently paying a dividend of $1.1 per share, Ryman Hospitality Properties (RHP) has a dividend yield of 3.68%. Click to get this free report Amgen Inc. (AMGN) : Free Stock Analysis Report Itau Unibanco Holding S.A. (ITUB) : Free Stock Analysis Report Ryman Hospitality Properties, Inc. (RHP) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Check Amgen (AMGN) dividend history here>>> Banco Itau (ITUB) is paying out a dividend of $0.04 per share at the moment, with a dividend yield of 6.84% compared to the Banks - Foreign industry's yield of 4.05% and the S&P 500's yield. Check Banco Itau (ITUB) dividend history here>>> Currently paying a dividend of $1.1 per share, Ryman Hospitality Properties (RHP) has a dividend yield of 3.68%. However, the stocks we are talking about - dividend -paying stocks from high-quality companies - can generate income over time and also mitigate the overall volatility of your portfolio compared to the stock market as a whole.
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Look for companies that pay a dividend yield of around 3%, with positive annual dividend growth. If you do wish to invest in a fund, do your research to find the best-quality dividend funds with the lowest fees. Bottom Line Seeking steady, consistent income through dividends can be a smart option for financial security in retirement, whether you invest in mutual funds, ETFs, or in dividend-paying stocks.
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0d11d51c-7ca2-4abb-b9d4-a27dd0688d84
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713807.0
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2023-12-11 00:00:00 UTC
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Hewlett Packard (HPE) Aids RaceTrac's IT Transformation Journey
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https://www.nasdaq.com/articles/hewlett-packard-hpe-aids-racetracs-it-transformation-journey
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Hewlett Packard Enterprise Company HPE recently announced that RaceTrac has selected its solutions to embark on a digital transformation journey and enhance customer experience at its gas stations and convenience stores. Houston-based RaceTrac operates gasoline service stations and convenience stores across the Southern United States.
HPE ProLiant servers likely play a crucial role in supporting RaceTrac's IT transformation journey. ProLiant servers are known for their reliability, performance and scalability, making them suitable for various business needs, including large-scale IT transformations.
HPE ProLiant servers have been deployed at RaceTrac’s more than 800 gas stations and stores to deliver reliability, security and optimized performance for a range of applications. By leveraging HPE ProLiant servers at the edge, RaceTrac can potentially transform its service stations into more efficient and responsive hubs. This infrastructure likely aids in optimizing various aspects of their operations, ultimately leading to an improved and streamlined customer experience.
Hewlett Packard Enterprise Company Price and Consensus
Hewlett Packard Enterprise Company price-consensus-chart | Hewlett Packard Enterprise Company Quote
RaceTrac is also utilizing HPE’s cloud-native data infrastructure solution, Alletra Storage, which helps in improving operational efficiency. This deployment has expanded the store operator’s storage capacity while simplifying data management.
ProLiant servers have been a cornerstone of HPE's success, driving growth by meeting the evolving needs of businesses for reliable, high-performance computing infrastructure. This Zacks Rank #3 (Hold) company's continued innovation and alignment with market demands have sustained the popularity and effectiveness of ProLiant servers in driving business growth.
In January 2023, HPE expanded its ProLiant portfolio with the launch of ProLiant Gen11 servers. Equipped with 4th Gen Intel Xeon Scalable processors, ProLiant Gen11 servers are designed to deliver an intuitive cloud operating experience and support a wide range of workloads while enhancing security.
HPE’s High Performance Computing & Artificial Intelligence (HPC & AI) business segment’s revenues increased 38% year over year and 41% sequentially to $1.18 billion in fourth-quarter fiscal 2023, mainly driven by the continued strength of AI demand. The segment’s operating margin came in at 4.7%, up 120 basis points (bps) year over year and 550 bps sequentially, mainly driven by the positive benefits of scale.
Stocks to Consider
Some better-ranked stocks from the broader technology sector are Intel Corporation INTC, Aspen Technology, Inc. AZPN and Datadog, Inc. DDOG, each carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for Intel’s fourth-quarter 2023 earnings has moved up 11 cents to 44 cents per share in the past 60 days. The consensus estimate for 2023 earnings has increased 55.7% to 95 cents in the past 60 days.
Intel's earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed once, delivering an average surprise of 136.3%. Shares of INTC have risen 69.1% year to date (YTD).
The Zacks Consensus Estimate for Aspen's second-quarter fiscal 2024 earnings has moved north 14 cents to $1.49 per share in the past 60 days. The consensus estimate for fiscal 2024 earnings has increased 5 cents to $6.63 per share in the past 60 days.
Aspen's earnings missed the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average negative surprise of 32.3%. Shares of AZPN have lost 1.5% YTD.
The Zacks Consensus Estimate for Datadog's fourth-quarter 2023 earnings has moved north 9 cents to 43 cents per share in the past 60 days. The consensus estimate for 2023 earnings has increased 2 cents to $1.53 per share in the past 30 days.
DDOG’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 28.6%. Datadog’s shares have rallied 59.5% YTD.
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
Intel Corporation (INTC) : Free Stock Analysis Report
Aspen Technology, Inc. (AZPN) : Free Stock Analysis Report
Hewlett Packard Enterprise Company (HPE) : Free Stock Analysis Report
Datadog, Inc. (DDOG) : 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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Hewlett Packard Enterprise Company HPE recently announced that RaceTrac has selected its solutions to embark on a digital transformation journey and enhance customer experience at its gas stations and convenience stores. This Zacks Rank #3 (Hold) company's continued innovation and alignment with market demands have sustained the popularity and effectiveness of ProLiant servers in driving business growth. Equipped with 4th Gen Intel Xeon Scalable processors, ProLiant Gen11 servers are designed to deliver an intuitive cloud operating experience and support a wide range of workloads while enhancing security.
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Hewlett Packard Enterprise Company Price and Consensus Hewlett Packard Enterprise Company price-consensus-chart | Hewlett Packard Enterprise Company Quote RaceTrac is also utilizing HPE’s cloud-native data infrastructure solution, Alletra Storage, which helps in improving operational efficiency. The Zacks Consensus Estimate for Datadog's fourth-quarter 2023 earnings has moved north 9 cents to 43 cents per share in the past 60 days. Click to get this free report Intel Corporation (INTC) : Free Stock Analysis Report Aspen Technology, Inc. (AZPN) : Free Stock Analysis Report Hewlett Packard Enterprise Company (HPE) : Free Stock Analysis Report Datadog, Inc. (DDOG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Hewlett Packard Enterprise Company Price and Consensus Hewlett Packard Enterprise Company price-consensus-chart | Hewlett Packard Enterprise Company Quote RaceTrac is also utilizing HPE’s cloud-native data infrastructure solution, Alletra Storage, which helps in improving operational efficiency. The Zacks Consensus Estimate for Datadog's fourth-quarter 2023 earnings has moved north 9 cents to 43 cents per share in the past 60 days. Click to get this free report Intel Corporation (INTC) : Free Stock Analysis Report Aspen Technology, Inc. (AZPN) : Free Stock Analysis Report Hewlett Packard Enterprise Company (HPE) : Free Stock Analysis Report Datadog, Inc. (DDOG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Hewlett Packard Enterprise Company HPE recently announced that RaceTrac has selected its solutions to embark on a digital transformation journey and enhance customer experience at its gas stations and convenience stores. HPE ProLiant servers have been deployed at RaceTrac’s more than 800 gas stations and stores to deliver reliability, security and optimized performance for a range of applications. The consensus estimate for 2023 earnings has increased 2 cents to $1.53 per share in the past 30 days.
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d0b22680-42e4-455e-b42e-70992a070277
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713808.0
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2023-12-11 00:00:00 UTC
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Zuora (ZUO) Just Flashed Golden Cross Signal: Do You Buy?
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https://www.nasdaq.com/articles/zuora-zuo-just-flashed-golden-cross-signal%3A-do-you-buy
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After reaching an important support level, Zuora (ZUO) could be a good stock pick from a technical perspective. ZUO surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend.
The 20-day simple moving average is a popular investing tool. Traders like this SMA because it offers a look back at a stock's price over a shorter period and helps smooth out price fluctuations. The 20-day can also show more trend reversal signals than longer-term moving averages.
Like other SMAs, if a stock's price is moving above the 20-day, the trend is considered positive. When the price falls below the moving average, it can signal a downward trend.
Over the past four weeks, ZUO has gained 8.8%. The company is currently ranked a Zacks Rank #2 (Buy), another strong indication the stock could move even higher.
Once investors consider ZUO's positive earnings estimate revisions, the bullish case only solidifies. No earnings estimate has been lowered in the past two months, compared to 1 raised estimates, for the current fiscal year, and the consensus estimate has increased as well.
Investors may want to watch ZUO for more gains in the near future given the company's key technical level and positive earnings estimate revisions.
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
Zuora, Inc. (ZUO) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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After reaching an important support level, Zuora (ZUO) could be a good stock pick from a technical perspective. Investors may want to watch ZUO for more gains in the near future given the company's key technical level and positive earnings estimate revisions. 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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Once investors consider ZUO's positive earnings estimate revisions, the bullish case only solidifies. Investors may want to watch ZUO for more gains in the near future given the company's key technical level and positive earnings estimate revisions. Click to get this free report Zuora, Inc. (ZUO) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Like other SMAs, if a stock's price is moving above the 20-day, the trend is considered positive. Investors may want to watch ZUO for more gains in the near future given the company's key technical level and positive earnings estimate revisions. Click to get this free report Zuora, Inc. (ZUO) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Like other SMAs, if a stock's price is moving above the 20-day, the trend is considered positive. Investors may want to watch ZUO for more gains in the near future given the company's key technical level and positive earnings estimate revisions. Download the brand-new FREE report revealing 5 EV battery stocks set to soar.
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3aeed1fd-e7b7-486d-a33d-93602f0696c8
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713809.0
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2023-12-11 00:00:00 UTC
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Wall Street Bulls Look Optimistic About HCA (HCA): Should You Buy?
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https://www.nasdaq.com/articles/wall-street-bulls-look-optimistic-about-hca-hca%3A-should-you-buy
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When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Let's take a look at what these Wall Street heavyweights have to say about HCA Healthcare (HCA) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
HCA currently has an average brokerage recommendation (ABR) of 1.48, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 21 brokerage firms. An ABR of 1.48 approximates between Strong Buy and Buy.
Of the 21 recommendations that derive the current ABR, 15 are Strong Buy and two are Buy. Strong Buy and Buy respectively account for 71.4% and 9.5% of all recommendations.
Brokerage Recommendation Trends for HCA
Check price target & stock forecast for HCA here>>>
The ABR suggests buying HCA, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.
Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.
This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements.
With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near -term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision.
Zacks Rank Should Not Be Confused With ABR
Although both Zacks Rank and ABR are displayed in a range of 1-5, they are different measures altogether.
The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.
On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.
Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.
Should You Invest in HCA?
Looking at the earnings estimate revisions for HCA, the Zacks Consensus Estimate for the current year has declined 0.1% over the past month to $18.17.
Analysts' growing pessimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates lower, could be a legitimate reason for the stock to plunge in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #4 (Sell) for HCA. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, it could be wise to take the Buy-equivalent ABR for HCA with a grain of salt.
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
HCA Healthcare, Inc. (HCA) : 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.
|
But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements. Analysts' growing pessimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates lower, could be a legitimate reason for the stock to plunge in the near term. 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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HCA currently has an average brokerage recommendation (ABR) of 1.48, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near -term price performance. Click to get this free report HCA Healthcare, Inc. (HCA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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HCA currently has an average brokerage recommendation (ABR) of 1.48, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near -term price performance. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, it could be wise to take the Buy-equivalent ABR for HCA with a grain of salt.
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Brokerage Recommendation Trends for HCA With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near -term price performance. Zacks Rank Should Not Be Confused With ABR Although both Zacks Rank and ABR are displayed in a range of 1-5, they are different measures altogether.
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309091f1-3d1c-45c8-9cc8-c64aaf061fff
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713810.0
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2023-12-11 00:00:00 UTC
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Brokers Suggest Investing in PulteGroup (PHM): Read This Before Placing a Bet
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DCOMP
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https://www.nasdaq.com/articles/brokers-suggest-investing-in-pultegroup-phm%3A-read-this-before-placing-a-bet-2
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nan
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nan
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When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Let's take a look at what these Wall Street heavyweights have to say about PulteGroup (PHM) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
PulteGroup currently has an average brokerage recommendation (ABR) of 1.44, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 16 brokerage firms. An ABR of 1.44 approximates between Strong Buy and Buy.
Of the 16 recommendations that derive the current ABR, 12 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 75% and 6.3% of all recommendations.
Brokerage Recommendation Trends for PHM
Check price target & stock forecast for PulteGroup here>>>
The ABR suggests buying PulteGroup, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.
Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.
This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements.
With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near -term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision.
Zacks Rank Should Not Be Confused With ABR
Although both Zacks Rank and ABR are displayed in a range of 1-5, they are different measures altogether.
The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.
On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.
Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.
Should You Invest in PHM?
Looking at the earnings estimate revisions for PulteGroup, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $11.49.
Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for PulteGroup. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for PulteGroup.
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
PulteGroup, Inc. (PHM) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements. Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term. 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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PulteGroup currently has an average brokerage recommendation (ABR) of 1.44, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near -term price performance. Click to get this free report PulteGroup, Inc. (PHM) : Free Stock Analysis Report To read this article on Zacks.com click here.
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PulteGroup currently has an average brokerage recommendation (ABR) of 1.44, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near -term price performance. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for PulteGroup.
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Brokerage Recommendation Trends for PHM According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation. With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near -term price performance.
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630756e9-df46-4d5b-adfd-4b8c3f34b887
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713811.0
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2023-12-11 00:00:00 UTC
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Wall Street Bulls Look Optimistic About Block (SQ): Should You Buy?
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DCOMP
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https://www.nasdaq.com/articles/wall-street-bulls-look-optimistic-about-block-sq%3A-should-you-buy-0
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nan
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nan
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When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Let's take a look at what these Wall Street heavyweights have to say about Block (SQ) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
Block currently has an average brokerage recommendation (ABR) of 1.71, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 38 brokerage firms. An ABR of 1.71 approximates between Strong Buy and Buy.
Of the 38 recommendations that derive the current ABR, 23 are Strong Buy and three are Buy. Strong Buy and Buy respectively account for 60.5% and 7.9% of all recommendations.
Brokerage Recommendation Trends for SQ
Check price target & stock forecast for Block here>>>
The ABR suggests buying Block, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.
Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.
This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements.
With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near -term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision.
Zacks Rank Should Not Be Confused With ABR
Although both Zacks Rank and ABR are displayed in a range of 1-5, they are different measures altogether.
The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.
On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.
Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.
Should You Invest in SQ?
Looking at the earnings estimate revisions for Block, the Zacks Consensus Estimate for the current year has increased 5.9% over the past month to $1.90.
Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #2 (Buy) for Block. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, the Buy-equivalent ABR for Block may serve as a useful guide for investors.
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
Block, Inc. (SQ) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements. Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term. The New Gold Rush: How Lithium Batteries Will Make Millionaires As the electric vehicle revolution expands, investors have a chance to target huge gains.
|
Block currently has an average brokerage recommendation (ABR) of 1.71, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near -term price performance. Click to get this free report Block, Inc. (SQ) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Block currently has an average brokerage recommendation (ABR) of 1.71, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near -term price performance. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, the Buy-equivalent ABR for Block may serve as a useful guide for investors.
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Brokerage Recommendation Trends for SQ With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near -term price performance. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, the Buy-equivalent ABR for Block may serve as a useful guide for investors.
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54d805da-a4f4-45e8-8a51-ddc6481e8419
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713812.0
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2023-12-11 00:00:00 UTC
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Is It Worth Investing in Realty Income Corp. (O) Based on Wall Street's Bullish Views?
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DCOMP
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https://www.nasdaq.com/articles/is-it-worth-investing-in-realty-income-corp.-o-based-on-wall-streets-bullish-views
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nan
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nan
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When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Let's take a look at what these Wall Street heavyweights have to say about Realty Income Corp. (O) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
Realty Income Corp. currently has an average brokerage recommendation (ABR) of 2.00, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 15 brokerage firms. An ABR of 2.00 indicates Buy.
Of the 15 recommendations that derive the current ABR, seven are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 46.7% and 6.7% of all recommendations.
Brokerage Recommendation Trends for O
Check price target & stock forecast for Realty Income Corp. here>>>
The ABR suggests buying Realty Income Corp., but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.
Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.
This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements.
With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near -term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision.
Zacks Rank Should Not Be Confused With ABR
Although both Zacks Rank and ABR are displayed in a range of 1-5, they are different measures altogether.
The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.
On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.
Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.
Should You Invest in O?
Looking at the earnings estimate revisions for Realty Income Corp., the Zacks Consensus Estimate for the current year has increased 0.4% over the past month to $4.01.
Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #2 (Buy) for Realty Income Corp. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, the Buy-equivalent ABR for Realty Income Corp. may serve as a useful guide for investors.
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
Realty Income Corporation (O) : 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.
|
But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements. Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term. The New Gold Rush: How Lithium Batteries Will Make Millionaires As the electric vehicle revolution expands, investors have a chance to target huge gains.
|
Realty Income Corp. currently has an average brokerage recommendation (ABR) of 2.00, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near -term price performance. Looking at the earnings estimate revisions for Realty Income Corp., the Zacks Consensus Estimate for the current year has increased 0.4% over the past month to $4.01.
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Realty Income Corp. currently has an average brokerage recommendation (ABR) of 2.00, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near -term price performance. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #2 (Buy) for Realty Income Corp. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, the Buy-equivalent ABR for Realty Income Corp. may serve as a useful guide for investors.
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According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation. With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near -term price performance. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #2 (Buy) for Realty Income Corp. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, the Buy-equivalent ABR for Realty Income Corp. may serve as a useful guide for investors.
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3672fd5a-9802-404c-81da-5ad312aa087c
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713813.0
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2023-12-11 00:00:00 UTC
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Zacks.com featured highlights include Arcos Dorados Holdings, Ponce Financial Group, InterDigital, Limbach Holdings and Merchants Bancorp
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DCOMP
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https://www.nasdaq.com/articles/zacks.com-featured-highlights-include-arcos-dorados-holdings-ponce-financial-group
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nan
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nan
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For Immediate Release
Chicago, IL – December 14, 2023 – Stocks in this week’s article are Arcos Dorados Holdings Inc. ARCO, Ponce Financial Group Inc. PDLB, InterDigital Inc. IDCC, Limbach Holdings Inc. LMB and Merchants Bancorp MBIN.
5 Stocks with Recent Price Strength for Sparkling Returns
Wall Street has seen an impressive bull run in 2023 after a highly disappointing 2022. Year to date, the three major stock indexes — the Dow, the S&P 500 and the Nasdaq Composite — have advanced 10.4%, 21% and 38.9%, respectively.
U.S. stock markets regained momentum in November after three consecutive months of decline. The momentum continues in December. Investors are more confident these days as a large section of market participants are expecting the Fed to be already through with its ongoing interest rate hike cycle.
The inflation rate has been steadily falling since June 2022. A recently released series of key economic data has clearly indicated that the U.S. economy is cooling while the labor market remains resilient. However, better-than-expected consumer spending has reduced the risk of a near-term recession.
The CME FedWatch tool currently shows a 97% probability that the central bank will keep the Fed Fund rate unchanged at the existing level of 5.25-5.5%. Moreover, 45% of respondents expect the first rate cut to be initiated in the March 2024 FOMC meeting.
Recently, several stocks have shown price strength. We have selected just five stocks likely to gain in the near term on the back of a favorable Zacks Rank. These companies are — Arcos Dorados Holdings Inc., Ponce Financial Group Inc., InterDigital Inc., Limbach Holdings Inc. and Merchants Bancorp.
Here's How We Arrived at the Picks
We have primarily targeted stocks that have freshly been on a bull run. Stocks that have recently seen price strength have a high chance of carrying the momentum forward.
If a stock is continuously witnessing an uptrend, there must be a solid reason or it would have probably crashed. So, looking at stocks capable of beating the benchmark that they have set for themselves seems rational.
However, recent price strength alone cannot create magic. Therefore, other relevant parameters are needed to create a successful investment strategy.
Here's how you should create the screen to shortlist the current as well as the potential winners.
Let's discuss five out of those 23 stocks:
Arcos Dorados operates as a franchisee of McDonald's with its operations divided in Brazil, North Latin America division, South Latin America and the Caribbean division. ARCO also runs quick-service restaurants in Latin America and the Caribbean.
Arcos Dorados has operations in territories in Latin America and the Caribbean, including Argentina, Aruba, Brazil, Chile, Colombia, Costa Rica, Curaçao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Uruguay, the U.S. Virgin Islands of St. Croix and St. Thomas, and Venezuela.
The stock price of Arcos Dorados has jumped 26.5% in the past four weeks. It has an expected earnings growth rate of 18.8% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 9.3% over the last 30 days.
Ponce Financial Group is a Minority Depository Institution, a Community Development Financial Institution and a certified Small Business Administration lender. PDLB's business primarily consists of taking deposits from the general public and to a lesser extent alternative funding sources and investing those deposits, together with funds generated from operations and borrowings, in mortgage loans.
PDLB also invests in securities, which consist of U.S. Government and federal agency securities and securities issued by government-sponsored or government-owned enterprises, as well as, mortgage-backed securities, corporate bonds and obligations and Federal Home Loan Bank stock.
The stock price of Ponce Financial Group has climbed 18.8% in the past four weeks. It has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings improved more than 100% over the last 60 days.
Interdigital is a pioneer in advanced mobile technologies enabling wireless communications and capabilities. IDCC is engaged in designing and developing a wide range of advanced technology solutions, which are used in digital cellular as well as wireless 3G, 4G and IEEE 802-related products and networks.
Furthermore, IDCC's team of skilled engineers has expertise in major mobile connectivity as well as in technologies related to content delivery. Notably, InterDigital's secure and scalable horizontal platform, oneMPOWER, enables businesses to launch and manage Internet of Things applications.
The stock price of Interdigital has surged 18.1% in the past four weeks. It has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 8.6% over the last 30 days.
Limbach Holdings provides building systems solutions in the United States. LMB engineers, constructs and services the mechanical, plumbing, air conditioning, heating, building automation, electrical and control systems. LMB operates in two segments, namely, General Contractor Relationships and Owner Direct Relationships.
The stock price of Limbach Holdings has rallied 17.4% in the past four weeks. It has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 28.7% over the last 30 days.
Merchants Bancorp operates as a diversified bank holding company in the United States. MBIN operates through the Multi-family Mortgage Banking, Mortgage Warehousing, and Banking segments.
MBIN provides multi-family housing and health care facility financing, mortgage warehousing, retail and correspondent residential mortgage banking, agricultural lending and traditional community banking services, through its subsidiaries.
The stock price of Merchants Bancorp has advanced 16.8% in the past four weeks. It has expected earnings growth of 23% for the current year. The Zacks Consensus Estimate for the current year has improved 10.9% over the last 60 days.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2197151/5-stocks-with-recent-price-strength-for-sparkling-returns
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
The New Gold Rush: How Lithium Batteries Will Make Millionaires
As the electric vehicle revolution expands, investors have a chance to target huge gains. Millions of lithium batteries are being made & demand is expected to increase 889%.
Download the brand-new FREE report revealing 5 EV battery stocks set to soar.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
InterDigital, Inc. (IDCC) : Free Stock Analysis Report
Arcos Dorados Holdings Inc. (ARCO) : Free Stock Analysis Report
Limbach Holdings, Inc. (LMB) : Free Stock Analysis Report
Ponce Financial Group, Inc. (PDLB) : Free Stock Analysis Report
Merchants Bancorp (MBIN) : 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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Arcos Dorados has operations in territories in Latin America and the Caribbean, including Argentina, Aruba, Brazil, Chile, Colombia, Costa Rica, Curaçao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Uruguay, the U.S. Virgin Islands of St. Croix and St. Thomas, and Venezuela. IDCC is engaged in designing and developing a wide range of advanced technology solutions, which are used in digital cellular as well as wireless 3G, 4G and IEEE 802-related products and networks. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security.
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For Immediate Release Chicago, IL – December 14, 2023 – Stocks in this week’s article are Arcos Dorados Holdings Inc. ARCO, Ponce Financial Group Inc. PDLB, InterDigital Inc. IDCC, Limbach Holdings Inc. LMB and Merchants Bancorp MBIN. These companies are — Arcos Dorados Holdings Inc., Ponce Financial Group Inc., InterDigital Inc., Limbach Holdings Inc. and Merchants Bancorp. Click to get this free report InterDigital, Inc. (IDCC) : Free Stock Analysis Report Arcos Dorados Holdings Inc. (ARCO) : Free Stock Analysis Report Limbach Holdings, Inc. (LMB) : Free Stock Analysis Report Ponce Financial Group, Inc. (PDLB) : Free Stock Analysis Report Merchants Bancorp (MBIN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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For Immediate Release Chicago, IL – December 14, 2023 – Stocks in this week’s article are Arcos Dorados Holdings Inc. ARCO, Ponce Financial Group Inc. PDLB, InterDigital Inc. IDCC, Limbach Holdings Inc. LMB and Merchants Bancorp MBIN. For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2197151/5-stocks-with-recent-price-strength-for-sparkling-returns Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. Click to get this free report InterDigital, Inc. (IDCC) : Free Stock Analysis Report Arcos Dorados Holdings Inc. (ARCO) : Free Stock Analysis Report Limbach Holdings, Inc. (LMB) : Free Stock Analysis Report Ponce Financial Group, Inc. (PDLB) : Free Stock Analysis Report Merchants Bancorp (MBIN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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It has an expected earnings growth rate of 18.8% for the current year. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities.
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2023-12-11 00:00:00 UTC
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General Motors (GM) Delays EV Drive Production at Toledo Plant
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General Motors GM announced a significant delay in the launch of its electric vehicle (EV) drive production at the Toledo Propulsion Systems plant, a notable setback in the company's EV strategy. Originally slated to begin in early 2024, the production of the electric drives is now rescheduled for the end of 2024, a delay of nine months.
Last year, GM committed $760 million to transform the Toledo plant into its first U.S. facility dedicated to EV drive production. The Toledo Propulsion Systems plant, located on Alexis Road, was gearing up to commence building the EV units in the first quarter of 2024. However, this timeline has been pushed to the fourth quarter of the year. This delay directly impacts approximately 75 temporary workers who were terminated following the plant's cessation of 6-speed transmission production in April to accommodate the new EV drive line.
This delay, while a setback for GM's ambitious EV plans, offers the Toledo plant's management and workforce additional time to prepare for a crucial transition in automotive manufacturing. As the industry navigates real-world challenges in the EV market, GM's strategy reflects a cautious yet adaptive approach to a rapidly changing automotive landscape.
This latest development follows GM's October announcement of postponing the production of its electric trucks, including the Chevy Silverado RST and GMC Sierra Denali EVs, to late 2025. The Orion assembly plant in Michigan, currently producing the Bolt EV, will see a delayed conversion to EV truck production.
The postponement in EV truck production, attributed to slower-than-expected consumer demand for EVs, is directly influencing the delay at the Toledo plant. Ivan Drury, director of insights at Edmunds.com, points out that the automotive industry has overestimated consumer demand for electric pickup trucks.
Initially, EV pickups were expected to revolutionize the market by replacing traditional gas-powered trucks with zero-emission alternatives boasting impressive towing capabilities. However, challenges such as higher pricing, charging issues and reduced range during towing have led to consumer hesitation.
This has resulted in GM and Ford F recalibrating their EV strategies. Notably, Ford also announced a reduction in the production of its Lightning Pro model by half.Ford plans to bring down its average weekly production volume at Rouge Electric Vehicle Center in Dearborn, MI, to 1,600 trucks, down from the current production volume of 3,200 per week.
Zacks Rank & Key Picks
GM currently carries a Zacks Rank #3 (Hold). A few better-ranked players in the auto space include Toyota TM and Stellantis STLA, each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for TM’s fiscal 2024 sales and EPS implies year-over-year growth of 11% and 45.4%, respectively. The earnings estimate for fiscal 2024 and 2025 has been revised upward by $1.98 and 5 cents, respectively, in the past 30 days.
The Zacks Consensus Estimate for STLA’s 2023 sales and EPS implies year-over-year growth of 12.3% and 11.2%, respectively. The earnings estimate for 2023 and 2024 has been revised upward by 6 cents and 20 cents, respectively, in the past 30 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. 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
Ford Motor Company (F) : Free Stock Analysis Report
Toyota Motor Corporation (TM) : Free Stock Analysis Report
General Motors Company (GM) : Free Stock Analysis Report
Stellantis N.V. (STLA) : 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 delay directly impacts approximately 75 temporary workers who were terminated following the plant's cessation of 6-speed transmission production in April to accommodate the new EV drive line. This delay, while a setback for GM's ambitious EV plans, offers the Toledo plant's management and workforce additional time to prepare for a crucial transition in automotive manufacturing. This latest development follows GM's October announcement of postponing the production of its electric trucks, including the Chevy Silverado RST and GMC Sierra Denali EVs, to late 2025.
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General Motors GM announced a significant delay in the launch of its electric vehicle (EV) drive production at the Toledo Propulsion Systems plant, a notable setback in the company's EV strategy. The Zacks Consensus Estimate for TM’s fiscal 2024 sales and EPS implies year-over-year growth of 11% and 45.4%, respectively. Click to get this free report Ford Motor Company (F) : Free Stock Analysis Report Toyota Motor Corporation (TM) : Free Stock Analysis Report General Motors Company (GM) : Free Stock Analysis Report Stellantis N.V. (STLA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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General Motors GM announced a significant delay in the launch of its electric vehicle (EV) drive production at the Toledo Propulsion Systems plant, a notable setback in the company's EV strategy. The postponement in EV truck production, attributed to slower-than-expected consumer demand for EVs, is directly influencing the delay at the Toledo plant. Click to get this free report Ford Motor Company (F) : Free Stock Analysis Report Toyota Motor Corporation (TM) : Free Stock Analysis Report General Motors Company (GM) : Free Stock Analysis Report Stellantis N.V. (STLA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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General Motors GM announced a significant delay in the launch of its electric vehicle (EV) drive production at the Toledo Propulsion Systems plant, a notable setback in the company's EV strategy. The postponement in EV truck production, attributed to slower-than-expected consumer demand for EVs, is directly influencing the delay at the Toledo plant. Today, you can download 7 Best Stocks for the Next 30 Days.
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2023-12-11 00:00:00 UTC
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3 Wireless Stocks Likely to Profit From Positive Sector Vibes
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https://www.nasdaq.com/articles/3-wireless-stocks-likely-to-profit-from-positive-sector-vibes
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The Zacks Wireless Equipment industry is poised to capitalize on the healthy demand trends driven by fast-track 5G deployment and transition to cloud and fiber network infrastructure upgrade. However, large-scale investments for seamless 5G evolution, margin erosion due to price wars, higher customer inventory levels and inflated raw material costs in a challenging macroeconomic environment, geopolitical conflicts and uncertain business conditions might erode profitability.
Nevertheless, InterDigital, Inc. IDCC, Viasat Inc. VSAT and Aviat Networks, Inc. AVNW are likely to profit from solid growth dynamics owing to vast proliferation of IoT, continued fiber densification and a gradual shift to cloud services.
Industry Description
The Zacks Wireless Equipment industry primarily comprises companies providing various networking solutions, wireless telecom products and related services for wireless voice and data communications through scalable modular platforms. Their product portfolio encompasses integrated circuit devices (chips) and system software for wireless voice and data communications, analog and digital two-way radio, satellite telecommunications, wireless networking and signal processing and end-to-end enterprise mobility solutions. The firms also provide a broad range of routing, switching and security products, video surveillance and machine-to-machine communication components that secure VPN appliances, enable intrusion detection and thwart data theft. Some firms even provide electronic warfare, avionics, robotics, advanced communications and maritime systems to the defense industry.
What's Shaping the Future of the Wireless Equipment Industry?
Cloud Networking at Core: The majority of the industry participants offer mission-critical communication infrastructure, devices, accessories, software and services that enable its customers to run businesses with increased efficiency and safety for their mobile workforce. These systems drive demand for additional device sales, software upgrades, infrastructure overhaul and expansion, as well as additional services to maintain, monitor and manage these complex networks and solutions. The comprehensive suite of services ensures continuity and reduces risks for constant critical communication operations. The wide proliferation of cloud networking solutions is further resulting in increased storage and computing on a virtual plane. As both consumers and enterprises use the network, there is tremendous demand for quality networking equipment.
Short-Term Profitability Compromised: Although higher infrastructure investments will eventually help minimize service delivery costs to support broadband competition and wireless densification, short-term profitability has largely been compromised. Margins are likely to be affected by the high cost of first-generation 5G products, profitability challenges in China, the prolonged Russia-Ukraine war and the Israel-Hamas conflict. Uncertainty regarding chip shortage (albeit at a lesser extent) and supply-chain disruptions leading to a dearth of essential fiber materials, shipping delays and shortages of other raw materials due to geopolitical unrest are expected to affect the expansion and rollout of new broadband networks. Extended lead times for basic components are also likely to hurt the delivery schedule and escalate production costs. High customer inventory levels, owing to a challenging macroeconomic environment and intense market volatility, pose another headwind for the companies.
Fiber Densification: With the exponential growth of mobile broadband traffic and home Internet solutions, demand for advanced networking architecture has increased manifold. This has forced service providers to spend more on routers and switches to upgrade their networks and support the surge in home data traffic. To maintain superior performance standards, there is a continuous need for network tuning and optimization, which creates demand for state-of-the-art wireless products and services. Moreover, a faster pace of 5G deployment is expected to augment the telecommunications industry's scalability, security and universal mobility and propel the wide proliferation of IoT. Expansion of fiber optic networks by carriers to support their 4G LTE and 5G wireless standards, as well as wireline connections, are likely to act as tailwinds. The fiber-optic cable network is vital for backhaul and the last mile local loop, which are required by wireless service providers for 5G deployment. Fiber networks are also essential for the growing deployment of small cells that bring the network closer to the user and supplement macro networks to provide extensive coverage. The industry participants are facilitating its customers to move away from an economy-of-scale network operating model to demand-driven operations and seamlessly migrate to 5G by offering easy programmability and flexible automation through steady infrastructure investments.
Zacks Industry Rank Indicates Bullish Trends
The Zacks Wireless Equipment industry is housed within the broader Zacks Computer and Technology sector. It carries a Zacks Industry Rank #83, which places it in the top 33% of more than 250 Zacks industries.
The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates bright prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Before we present a few wireless equipment stocks that are well-positioned to outperform the market based on a strong earnings outlook, let’s take a look at the industry’s recent stock-market performance and valuation picture.
Industry Lags S&P 500, Sector
The Zacks Wireless Equipment industry has lagged the S&P 500 composite and the broader Zacks Computer and Technology sector over the past year.
The industry has jumped 4.3% over this period compared with the S&P 500 and sector’s growth of 19.7% and 43.3%, respectively.
One-Year Price Performance
Industry's Current Valuation
On the basis of trailing 12-month Enterprise Value-to EBITDA (EV/EBITDA), which is the most appropriate multiple for valuing telecom stocks, the industry is currently trading at 25.16X compared with the S&P 500’s 13.43X. It is also trading above the sector’s trailing 12-month EV/EBITDA of 12.81X.
Over the past five years, the industry has traded as high as 37.26X and as low as 11.87X and at the median of 21.02X, as the chart below shows.
Trailing 12-Month Enterprise Value-to EBITDA (EV/EBITDA) Ratio
3 Wireless Equipment Stocks to Keep a Close Eye on
InterDigital: Headquartered in Wilmington, DE, InterDigital is a pioneer in advanced mobile technologies that enable wireless communications and capabilities. The company engages in designing and developing a wide range of advanced technology solutions, which are used in digital cellular as well as wireless 3G, 4G and IEEE 802-related products and networks. The stock has a long-term earnings growth expectation of 17.4% and has surged 121.1% over the past year. A well-established global footprint, diversified product portfolio and ability to penetrate different markets are key growth drivers for the company. Apart from a strong portfolio of wireless technology solutions, the addition of technologies related to sensors, user interface and video to its offerings is likely to drive considerable value, given the massive size of the market it offers licensing technologies to. The Zacks Consensus Estimates for the current fiscal and next fiscal earnings have been revised 238.8% and 104.5% upward, respectively, over the past year. InterDigital sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Price and Consensus: IDCC
Viasat: Headquartered in Carlsbad, CA, Viasat designs, develops and markets advanced digital satellite telecommunications and other wireless networking and signal processing equipment. It serves high-bandwidth, high-performance communication solutions to the public as well as military, enterprises and government enterprises. Viasat’s impressive bandwidth productivity sets it apart from conventional and lower-yield satellite providers that run on incumbent business models. The company is ramping up investments in the development of a revolutionary ViaSat-3 broadband communications platform, which will boast nearly 10 times the bandwidth capacity of ViaSat-2. The ViaSat-3 platform will help to form a global broadband network with an affordable, high-quality, high-speed Internet and video streaming service. The Zacks Consensus Estimate for the current and next fiscal earnings has been revised 78.6% and 311.5% upward, respectively, over the past year. This Zacks Rank #2 (Buy) stock has a long-term earnings growth expectation of 15.8%.
Price and Consensus: VSAT
Aviat: Headquartered in Austin, TX, Aviat has been a global provider of microwave networking solutions. It offers public and private operators communications networks to cater to the accretive demand for IP-centric, multi-gigabit data services. Backed by avant-garde technology, Aviat simplifies the entire lifecycle of designing, deploying and maintaining wireless transport networks with greater performance and reliability. The company is well-positioned to benefit from robust market dynamics, cost-reduction efforts, favorable customer mix and higher investments in innovative software solutions. A solid liquidity position and healthy balance sheet are likely to aid the company in executing key long-term strategic objectives. It has a VGM Score of B. This Zacks Rank #2 stock has gained 4.9% in the past year. The Zacks Consensus Estimate for the current fiscal earnings has been revised 10.1% upward since December 2022.
Price and Consensus: AVNW
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
InterDigital, Inc. (IDCC) : Free Stock Analysis Report
Viasat Inc. (VSAT) : Free Stock Analysis Report
Aviat Networks, Inc. (AVNW) : 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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However, large-scale investments for seamless 5G evolution, margin erosion due to price wars, higher customer inventory levels and inflated raw material costs in a challenging macroeconomic environment, geopolitical conflicts and uncertain business conditions might erode profitability. Nevertheless, InterDigital, Inc. IDCC, Viasat Inc. VSAT and Aviat Networks, Inc. AVNW are likely to profit from solid growth dynamics owing to vast proliferation of IoT, continued fiber densification and a gradual shift to cloud services. Cloud Networking at Core: The majority of the industry participants offer mission-critical communication infrastructure, devices, accessories, software and services that enable its customers to run businesses with increased efficiency and safety for their mobile workforce.
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However, large-scale investments for seamless 5G evolution, margin erosion due to price wars, higher customer inventory levels and inflated raw material costs in a challenging macroeconomic environment, geopolitical conflicts and uncertain business conditions might erode profitability. Industry Description The Zacks Wireless Equipment industry primarily comprises companies providing various networking solutions, wireless telecom products and related services for wireless voice and data communications through scalable modular platforms. Click to get this free report InterDigital, Inc. (IDCC) : Free Stock Analysis Report Viasat Inc. (VSAT) : Free Stock Analysis Report Aviat Networks, Inc. (AVNW) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Industry Description The Zacks Wireless Equipment industry primarily comprises companies providing various networking solutions, wireless telecom products and related services for wireless voice and data communications through scalable modular platforms. Zacks Industry Rank Indicates Bullish Trends The Zacks Wireless Equipment industry is housed within the broader Zacks Computer and Technology sector. Industry Lags S&P 500, Sector The Zacks Wireless Equipment industry has lagged the S&P 500 composite and the broader Zacks Computer and Technology sector over the past year.
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Nevertheless, InterDigital, Inc. IDCC, Viasat Inc. VSAT and Aviat Networks, Inc. AVNW are likely to profit from solid growth dynamics owing to vast proliferation of IoT, continued fiber densification and a gradual shift to cloud services. Industry Description The Zacks Wireless Equipment industry primarily comprises companies providing various networking solutions, wireless telecom products and related services for wireless voice and data communications through scalable modular platforms. This Zacks Rank #2 (Buy) stock has a long-term earnings growth expectation of 15.8%.
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2023-12-11 00:00:00 UTC
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2 Stocks to Profit From Auto Retail Parts Industry Trends
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https://www.nasdaq.com/articles/2-stocks-to-profit-from-auto-retail-parts-industry-trends
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Robust pent-up demand for vehicles, coupled with improved inventory levels, is bolstering the outlook for the Zacks Automotive - Retail and Wholesale - Parts industry. The introduction of sophisticated and high-tech vehicles has driven consumers toward professional assistance, creating fresh avenues for industry participants. In adapting to the evolving market landscape, the auto retail parts sector must chart a comprehensive roadmap to maximize these opportunities. Companies such as O’Reilly Automotive ORLY and AutoZone AZO are poised to navigate and thrive in this dynamic industry environment.
Industry Overview
The Zacks Automotive - Retail and Wholesale - Parts industry players execute several functions. These include manufacturing, retailing, distribution and installation of vehicle parts, equipment and accessories. Vehicle parts and accessories include seat covers, antifreeze, engine additives, wiper blades, batteries, brake system components, belts, chassis parts, driveline parts, engine parts and fuel pumps. Consumers have two options. They can either opt for repairing vehicles on their own (the “do-it-yourself” or DIY segment) or take the assistance of a professional repair facility (the “do-it-for me” or DIFM segment). The industry is highly competitive and undergoing a radical change, with evolving customer expectations and technological innovation acting as game changers.
Factors at Play
Soaring Vehicle Sales to Rev Up Auto Parts Demand: Per Cox Automotive, U.S. new vehicle sales in 2023 are projected to increase 10% year over year, marking the highest levels since 2019, driven by heightened pent-up demand for personal mobility, improved inventory levels and the introduction of appealing vehicle models. Auto parts retailers stand to benefit as the upswing in new vehicle demand correlates with an increased need for parts and accessories. As vehicle sales increase, the demand for both retail and wholesale auto parts experiences a concurrent rise, providing a positive outlook for industry participants. Furthermore, the Federal Reserve's decision to maintain a stable interest rate and the anticipation of future cuts in 2024 enhance the industry landscape, fostering a lower cost of vehicle financing and bolstering the auto parts sector.
Technology Progress and Digitization to Propel Growth: The ongoing transformation in the auto retail parts industry, fueled by changing customer preferences and technological advancements, presents a promising landscape for growth. The shift toward sophisticated vehicles has elevated the demand for professional assistance. Extensive digitization and the implementation of omnichannel marketing strategies are reshaping the industry fundamentally. This change benefits auto retail parts because it aligns with the industry's move toward modernization. With consumers increasingly relying on professional services and the seamless integration of technology, the industry is well-positioned to capitalize on these trends and is primed for sales growth.
Cost Headwinds Remain: Although inflation is cooling down, it is still way above the Fed’s target. The combination of an inflationary environment and supply chain constraints is driving up operational costs, impacting profit margins. Rising expenses, exacerbated by distribution inefficiencies, labor difficulties and global logistics issues, are putting pressure on industry players.Also, the shift toward complex vehicles is resulting in higher capex and R&D costs. The adoption of omnichannel marketing and digitalization is driving up operational costs, potentially curbing profit margins. The industry must strategically outline a comprehensive plan to capitalize on these opportunities amid a shifting market landscape.
Zacks Industry Rank Signals Encouraging Picture
The Zacks Auto Retail & Wholesale Parts industry is within the broader Zacks Auto-Tires-Trucks sector. The industry currently carries a Zacks Industry Rank #92, which places it in the top 37% of around 250 Zacks industries.
The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates encouraging near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
The industry’s positioning in the top 50% of the Zacks-ranked industries is a result of a positive earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are getting optimistic about this group’s earnings growth potential. Over the past month, the industry’s earnings estimate for 2023 has inched up 0.12%.
Before we present a few stocks that should be on your watchlist, let’s take a look at the industry’s shareholder returns and current valuation first.
Industry Underperforms Sector & S&P 500
The Zacks Auto Retail and Wholesale Parts industry has underperformed the Auto, Tires and Truck sector and the Zacks S&P 500 composite over the past year. The industry has gained 3.9% over this period compared with the S&P 500 and the sector’s growth of 16.7% and 16.8%, respectively.
One-Year Price Performance
Industry's Current Valuation
Since automotive companies are debt-laden, it makes sense to value them based on the EV/EBITDA (Enterprise Value/ Earnings before Interest Tax Depreciation and Amortization) ratio.
Based on trailing 12-month enterprise value to EBITDA (EV/EBITDA), the industry is currently trading at 63.45X compared with the S&P 500’s 13.43X and the sector’s 13.89X.
Over the past five years, the industry has traded as high as 67.51X and as low as 15.90X, with the median being 24.35X, as the chart below shows.
EV/EBITDA Ratio (Past 5 Years)
2 Stocks To Watch
O'Reilly: It is one of the noted retailers of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The company has been generating record revenues for 30 consecutive years due to growth in the auto parts market and store expansion efforts. For 2023, O’Reilly projects total revenues in the $15.7-$15.8 billion band, up from $14.41 billion in 2022. ORLY is poised to benefit from store openings and distribution centers in profitable regions. The company’s dual-market strategy and strong distribution network bode well. O’Reilly’s wide-ranging product portfolio caters to DIY and DIFM customers, driving comparable store sales growth. Strong cash flow generation supports the firm’s robust buyback program, thereby boosting investors’ confidence.
O’Reilly currently carries a Zacks Rank #3 (Hold). The Zacks Consensus Estimate for its 2023 earnings and sales indicates a year-over-year uptick of 14.3% and 9.7%, respectively. The consensus mark for 2024 EPS and revenues suggests year-over-year growth of 10.6% and 5.6%, respectively. ORLY pulled off earnings beat in each of the last four quarters, the average surprise being 4.31%.
Price & Consensus: ORLY
AutoZone: It is one of the leading specialty retailers and distributors of automotive replacement parts and accessories in the United States. It has been generating record revenues for 34 straight years and the trend is expected to continue. The company’s high-quality products, store-expansion initiatives and omni-channel efforts to improve customer shopping experience are boosting its market share. Expanded hub and mega-hub rollouts, along with the expansion of the distribution center footprint, bode well. The ramp-up of e-commerce efforts is driving traffic to the company’s website, thereby helping the company to deliver growth. AutoZone’s solid share repurchase program also sparks optimism.
AutoZone currently carries a Zacks Rank #3. The Zacks Consensus Estimate for its fiscal 2024 earnings and sales indicates a year-over-year uptick of 13.5% and 6.6%, respectively. The consensus mark for fiscal 2025 EPS and revenues suggests year-over-year growth of 8.7% and 3.3%, respectively. AZO pulled off earnings beat in the last four quarters, the average surprise being 8.8%.
Price & Consensus: AZO
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks 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
O'Reilly Automotive, Inc. (ORLY) : Free Stock Analysis Report
AutoZone, Inc. (AZO) : 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, the Federal Reserve's decision to maintain a stable interest rate and the anticipation of future cuts in 2024 enhance the industry landscape, fostering a lower cost of vehicle financing and bolstering the auto parts sector. Rising expenses, exacerbated by distribution inefficiencies, labor difficulties and global logistics issues, are putting pressure on industry players.Also, the shift toward complex vehicles is resulting in higher capex and R&D costs. One-Year Price Performance Industry's Current Valuation Since automotive companies are debt-laden, it makes sense to value them based on the EV/EBITDA (Enterprise Value/ Earnings before Interest Tax Depreciation and Amortization) ratio.
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Robust pent-up demand for vehicles, coupled with improved inventory levels, is bolstering the outlook for the Zacks Automotive - Retail and Wholesale - Parts industry. Factors at Play Soaring Vehicle Sales to Rev Up Auto Parts Demand: Per Cox Automotive, U.S. new vehicle sales in 2023 are projected to increase 10% year over year, marking the highest levels since 2019, driven by heightened pent-up demand for personal mobility, improved inventory levels and the introduction of appealing vehicle models. Click to get this free report O'Reilly Automotive, Inc. (ORLY) : Free Stock Analysis Report AutoZone, Inc. (AZO) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Zacks Industry Rank Signals Encouraging Picture The Zacks Auto Retail & Wholesale Parts industry is within the broader Zacks Auto-Tires-Trucks sector. The industry currently carries a Zacks Industry Rank #92, which places it in the top 37% of around 250 Zacks industries. Industry Underperforms Sector & S&P 500 The Zacks Auto Retail and Wholesale Parts industry has underperformed the Auto, Tires and Truck sector and the Zacks S&P 500 composite over the past year.
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Auto parts retailers stand to benefit as the upswing in new vehicle demand correlates with an increased need for parts and accessories. Industry Underperforms Sector & S&P 500 The Zacks Auto Retail and Wholesale Parts industry has underperformed the Auto, Tires and Truck sector and the Zacks S&P 500 composite over the past year. The company has been generating record revenues for 30 consecutive years due to growth in the auto parts market and store expansion efforts.
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713817.0
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2023-12-11 00:00:00 UTC
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Are You a Value Investor? This 1 Stock Could Be the Perfect Pick
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https://www.nasdaq.com/articles/are-you-a-value-investor-this-1-stock-could-be-the-perfect-pick-382
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nan
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For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth Score
Growth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
What if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Brinker International (EAT)
Based in Dallas, TX, Brinker International owns, operates, develops and franchises various restaurants under Chili’s Grill & Bar (Chili’s) and Maggiano’s Little Italy (Maggiano’s) brands. The company took over Chili’s, Inc., a Texas corporation from September 1983 and completed the acquisition of Maggiano’s in August 1995.
EAT is a #1 (Strong Buy) on the Zacks Rank, with a VGM Score of A.
It also boasts a Value Style Score of A thanks to attractive valuation metrics like a forward P/E ratio of 11.66; value investors should take notice.
10 analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.26 to $3.57 per share. EAT also boasts an average earnings surprise of 223.6%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, EAT should be on investors' short list.
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
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum. 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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Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio. Click to get this free report Brinker International, Inc. (EAT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio. Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
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What are the Zacks Style Scores? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. That's where the Style Scores come in.
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713818.0
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2023-12-11 00:00:00 UTC
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Wall Street Analysts Think Celsius Holdings Inc. (CELH) Could Surge 124.19%: Read This Before Placing a Bet
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DCOMP
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https://www.nasdaq.com/articles/wall-street-analysts-think-celsius-holdings-inc.-celh-could-surge-124.19%3A-read-this-before
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nan
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Celsius Holdings Inc. (CELH) closed the last trading session at $51.89, gaining 0.6% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $116.33 indicates a 124.2% upside potential.
The average comprises 12 short-term price targets ranging from a low of $64 to a high of $250, with a standard deviation of $69.78. While the lowest estimate indicates an increase of 23.3% from the current price level, the most optimistic estimate points to a 381.8% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.
While the consensus price target is highly sought after by investors, the ability and unbiasedness of analysts in setting price targets have long been questionable. And investors making investment decisions solely based on this tool would arguably do themselves a disservice.
However, an impressive consensus price target is not the only factor that indicates a potential upside in CELH. This view is strengthened by the agreement among analysts that the company will report better earnings than what they estimated earlier. Though a positive trend in earnings estimate revisions doesn't give any idea as to how much the stock could surge, it has proven effective in predicting an upside.
Here's What You May Not Know About Analysts' Price Targets
According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.
While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?
They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.
However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.
Why CELH Could Witness a Solid Upside
There has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. And that could be a legitimate reason to expect an upside in the stock. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
The Zacks Consensus Estimate for the current year has increased 3.9% over the past month, as four estimates have gone higher while one has gone lower.
Moreover, CELH currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, while the consensus price target may not be a reliable indicator of how much CELH could gain, the direction of price movement it implies does appear to be a good guide.
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
Celsius Holdings Inc. (CELH) : 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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Celsius Holdings Inc. (CELH) closed the last trading session at $51.89, gaining 0.6% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
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That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Click to get this free report Celsius Holdings Inc. (CELH) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Here's What You May Not Know About Analysts' Price Targets According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, while the consensus price target may not be a reliable indicator of how much CELH could gain, the direction of price movement it implies does appear to be a good guide.
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The mean price target of $116.33 indicates a 124.2% upside potential. However, an impressive consensus price target is not the only factor that indicates a potential upside in CELH. Why CELH Could Witness a Solid Upside There has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher.
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2023-12-11 00:00:00 UTC
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Bears are Losing Control Over Codere Online Luxembourg, S.A. (CDRO), Here's Why It's a 'Buy' Now
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DCOMP
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https://www.nasdaq.com/articles/bears-are-losing-control-over-codere-online-luxembourg-s.a.-cdro-heres-why-its-a-buy-now
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A downtrend has been apparent in Codere Online Luxembourg, S.A. (CDRO) lately. While the stock has lost 6.1% over the past week, it could witness a trend reversal as a hammer chart pattern was formed in its last trading session. This could mean that the bulls have been able to counteract the bears to help the stock find support.
While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts about the future earnings of this company is a solid fundamental factor that enhances the prospects of a trend reversal for the stock.
What is a Hammer Chart and How to Trade It?
This is one of the popular price patterns in candlestick charting. A minor difference between the opening and closing prices forms a small candle body, and a higher difference between the low of the day and the open or close forms a long lower wick (or vertical line). The length of the lower wick being at least twice the length of the real body, the candle resembles a 'hammer.'
In simple terms, during a downtrend, with bears having absolute control, a stock usually opens lower compared to the previous day's close, and again closes lower. On the day the hammer pattern is formed, maintaining the downtrend, the stock makes a new low. However, after eventually finding support at the low of the day, some amount of buying interest emerges, pushing the stock up to close the session near or slightly above its opening price.
When it occurs at the bottom of a downtrend, this pattern signals that the bears might have lost control over the price. And, the success of bulls in stopping the price from falling further indicates a potential trend reversal.
Hammer candles can occur on any timeframe -- such as one-minute, daily, weekly -- and are utilized by both short-term as well as long-term investors.
Like every technical indicator, the hammer chart pattern has its limitations. Particularly, as the strength of a hammer depends on its placement on the chart, it should always be used in conjunction with other bullish indicators.
Here's What Increases the Odds of a Turnaround for CDRO
There has been an upward trend in earnings estimate revisions for CDRO lately, which can certainly be considered a bullish indicator on the fundamental side. That's because a positive trend in earnings estimate revisions usually translates into price appreciation in the near term.
The consensus EPS estimate for the current year has increased 54% over the last 30 days. This means that the Wall Street analysts covering CDRO are majorly in agreement about the company's potential to report better earnings than what they predicted earlier.
If this is not enough, you should note that CDRO currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. And stocks carrying a Zacks Rank #1 or 2 usually outperform the market. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Moreover, a Zacks Rank of 2 for Codere Online Luxembourg, S.A. is a more conclusive indication of a potential trend reversal, as the Zacks Rank has proven to be an excellent timing indicator that helps investors identify precisely when a company's prospects are beginning to improve.
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
Codere Online Luxembourg, S.A. (CDRO) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts about the future earnings of this company is a solid fundamental factor that enhances the prospects of a trend reversal for the stock. However, after eventually finding support at the low of the day, some amount of buying interest emerges, pushing the stock up to close the session near or slightly above its opening price. 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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A minor difference between the opening and closing prices forms a small candle body, and a higher difference between the low of the day and the open or close forms a long lower wick (or vertical line). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Moreover, a Zacks Rank of 2 for Codere Online Luxembourg, S.A. is a more conclusive indication of a potential trend reversal, as the Zacks Rank has proven to be an excellent timing indicator that helps investors identify precisely when a company's prospects are beginning to improve. Click to get this free report Codere Online Luxembourg, S.A. (CDRO) : Free Stock Analysis Report To read this article on Zacks.com click here.
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While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts about the future earnings of this company is a solid fundamental factor that enhances the prospects of a trend reversal for the stock. If this is not enough, you should note that CDRO currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Moreover, a Zacks Rank of 2 for Codere Online Luxembourg, S.A. is a more conclusive indication of a potential trend reversal, as the Zacks Rank has proven to be an excellent timing indicator that helps investors identify precisely when a company's prospects are beginning to improve.
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While the stock has lost 6.1% over the past week, it could witness a trend reversal as a hammer chart pattern was formed in its last trading session. On the day the hammer pattern is formed, maintaining the downtrend, the stock makes a new low. Here's What Increases the Odds of a Turnaround for CDRO There has been an upward trend in earnings estimate revisions for CDRO lately, which can certainly be considered a bullish indicator on the fundamental side.
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713820.0
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2023-12-11 00:00:00 UTC
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Validea's Top Communication Services Stocks Based On Martin Zweig - 12/14/2023
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DCOMP
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https://www.nasdaq.com/articles/valideas-top-communication-services-stocks-based-on-martin-zweig-12-14-2023
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nan
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The following are the top rated Communication Services stocks according to Validea's Growth Investor model based on the published strategy of Martin Zweig. This strategy looks for growth stocks with persistent accelerating earnings and sales growth, reasonable valuations and low debt.
TIM SA (ADR) (TIMB) is a mid-cap growth stock in the Communications Services industry. The rating according to our strategy based on Martin Zweig is 69% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Tim SA, formerly known as a Intelig Telecomunicacoes Ltda, is a Brazil-based telecommunications company. The Company offers mobile voice and data services, broadband Internet access, value-added services and other telecommunications services and products. The Company offers a complete portfolio for individuals and corporate solutions for small, medium, and large companies. In addition to traditional voice and data services, the Company offers a fixed-line broadband service, TIM Live, WTTx technology through the Ultrafibra service and IoT solutions. The Company also offers a variety of digital content and services in its package portfolio. The Company is controlled by Tim Brasil Servicos e Participacoes SA.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: FAIL
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: FAIL
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of TIM SA (ADR)
TIMB Guru Analysis
TIMB Fundamental Analysis
CARS.COM INC (CARS) is a small-cap value stock in the Business Services industry. The rating according to our strategy based on Martin Zweig is 69% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Cars.com Inc. is an automotive marketplace platform that provides a set of digital solutions that connect car shoppers with sellers. The Company enables shoppers with the data, resources and digital tools needed to make informed buying decisions and seamlessly connect with automotive retailers. It enables dealers and automotive manufacturers (OEMs), with technical solutions and data-driven intelligence, to reach and influence ready-to-buy shoppers, acquire vehicles, provide financing tools with online loan screening and approvals, increase inventory turn and operating efficiency. Through its marketplace product the Company sells marketplace subscription advertising to dealer customers, which allow its dealer customers to showcase their available new and used vehicle inventory to its audience of in-market car shoppers. Through social media platforms it sells cars by launching multiple solutions for both dealers and OEMs to connect with in-market car shoppers on social media platforms.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: FAIL
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: FAIL
TOTAL DEBT/EQUITY RATIO: FAIL
INSIDER TRANSACTIONS: PASS
Detailed Analysis of CARS.COM INC
CARS Guru Analysis
CARS Fundamental Analysis
TELEFONICA BRASIL SA (ADR) (VIV) is a large-cap growth stock in the Communications Services industry. The rating according to our strategy based on Martin Zweig is 62% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Telefonica Brasil S.A. is a mobile telecommunications company in Brazil offering postpaid mobile services. The Company also operates as a fixed telecommunications company in the state of Sao Paulo. The Company markets its mobile services under its Vivo brand. It offers its clients a portfolio of products, including mobile and fixed voice, mobile data, fixed broadband, ultra-fast broadband, Pay television, information technology and digital services. Its operations consist of local and long distance fixed telephone services; mobile services, including value-added services; data services, including broadband services and mobile data services; Pay television services through direct to home (DTH), Internet protocol television (IPTV) and cable; network services, such as rental of facilities, as well as other services; wholesale services, including interconnection; digital services; services designed specifically for corporate customers, and the sale of wireless devices and accessories.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: FAIL
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: FAIL
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: FAIL
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of TELEFONICA BRASIL SA (ADR)
VIV Guru Analysis
VIV Fundamental Analysis
CHARTER COMMUNICATIONS INC (CHTR) is a large-cap value stock in the Communications Services industry. The rating according to our strategy based on Martin Zweig is 62% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Charter Communications, Inc. is a broadband connectivity company and cable operator serving more than 32 million customers in 41 states through its Spectrum brand. The Company offers a range of residential and business services including Spectrum Internet, television (TV), mobile and voice. Its Spectrum Business delivers a range of broadband products and services coupled with features and applications to enhance productivity of small and medium-sized companies. Spectrum Enterprise provides highly customized, fiber-based solutions for larger businesses and government entities. Its Spectrum Reach delivers tailored advertising and production for the modern media landscape. The Company also distributes news coverage and sports programming to its customers through Spectrum Networks. Its Spectrum Mobile service is offered to customers subscribing to its Internet service, and runs on Verizon Communications Inc.(Verizon) mobile network, combined with Spectrum WiFi.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: FAIL
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: FAIL
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: FAIL
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: FAIL
INSIDER TRANSACTIONS: PASS
Detailed Analysis of CHARTER COMMUNICATIONS INC
CHTR Guru Analysis
CHTR Fundamental Analysis
CRITEO SA (ADR) (CRTO) is a small-cap growth stock in the Advertising industry. The rating according to our strategy based on Martin Zweig is 62% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Criteo SA is a France-based company specializing in digital performance marketing. Its solution consists of the Criteo Engine, the Company's data assets, access to inventory, and its advertiser and publisher platforms. The Criteo Engine consists of various machine learning algorithms, such as prediction, recommendation, bidding and creative algorithms and the global hardware and software infrastructure. The Criteo Engine delivers advertisements through multiple marketing channels and formats, including display advertising banners, native advertising banners and marketing messages delivered to opt-in e-mail addresses. Advertisements are delivered on all devices and screens, including Web browsers on desktops and laptops, mobile Web browsers on smart phones and tablets, as well as mobile applications. It operates in approximately 90 countries through a network of over 30 international offices located in Europe, the Americas and the Asia-Pacific region.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: FAIL
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: FAIL
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: FAIL
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of CRITEO SA (ADR)
CRTO Guru Analysis
CRTO Fundamental Analysis
Martin Zweig Portfolio
About Martin Zweig: During the 15 years that it was monitored, Zweig's stock recommendation newsletter returned an average of 15.9 percent per year, during which time it was ranked number one based on risk-adjusted returns by Hulbert Financial Digest. Zweig has managed both mutual and hedge funds during his career, and he's put the fortune he's compiled to some interesting uses. He has owned what Forbes reported was the most expensive apartment in New York, a $70 million penthouse that sits atop Manhattan's Pierre Hotel, and he is a collector of all sorts of pop culture and historical memorabilia -- among his purchases are the gun used by Clint Eastwood in "Dirty Harry", a stock certificate signed by Commodore Vanderbilt, and even two old-fashioned gas pumps similar to those he'd seen at a nearby gas station while growing up in Cleveland, according to published reports.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It enables dealers and automotive manufacturers (OEMs), with technical solutions and data-driven intelligence, to reach and influence ready-to-buy shoppers, acquire vehicles, provide financing tools with online loan screening and approvals, increase inventory turn and operating efficiency. He has owned what Forbes reported was the most expensive apartment in New York, a $70 million penthouse that sits atop Manhattan's Pierre Hotel, and he is a collector of all sorts of pop culture and historical memorabilia -- among his purchases are the gun used by Clint Eastwood in "Dirty Harry", a stock certificate signed by Commodore Vanderbilt, and even two old-fashioned gas pumps similar to those he'd seen at a nearby gas station while growing up in Cleveland, according to published reports. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig.
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Detailed Analysis of CARS.COM INC CARS Guru Analysis CARS Fundamental Analysis TELEFONICA BRASIL SA (ADR) (VIV) is a large-cap growth stock in the Communications Services industry. Its operations consist of local and long distance fixed telephone services; mobile services, including value-added services; data services, including broadband services and mobile data services; Pay television services through direct to home (DTH), Internet protocol television (IPTV) and cable; network services, such as rental of facilities, as well as other services; wholesale services, including interconnection; digital services; services designed specifically for corporate customers, and the sale of wireless devices and accessories. Detailed Analysis of TELEFONICA BRASIL SA (ADR) VIV Guru Analysis VIV Fundamental Analysis CHARTER COMMUNICATIONS INC (CHTR) is a large-cap value stock in the Communications Services industry.
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The Company offers mobile voice and data services, broadband Internet access, value-added services and other telecommunications services and products. Its operations consist of local and long distance fixed telephone services; mobile services, including value-added services; data services, including broadband services and mobile data services; Pay television services through direct to home (DTH), Internet protocol television (IPTV) and cable; network services, such as rental of facilities, as well as other services; wholesale services, including interconnection; digital services; services designed specifically for corporate customers, and the sale of wireless devices and accessories. Detailed Analysis of CRITEO SA (ADR) CRTO Guru Analysis CRTO Fundamental Analysis Martin Zweig Portfolio About Martin Zweig: During the 15 years that it was monitored, Zweig's stock recommendation newsletter returned an average of 15.9 percent per year, during which time it was ranked number one based on risk-adjusted returns by Hulbert Financial Digest.
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The following are the top rated Communication Services stocks according to Validea's Growth Investor model based on the published strategy of Martin Zweig. Company Description: Telefonica Brasil S.A. is a mobile telecommunications company in Brazil offering postpaid mobile services. It offers its clients a portfolio of products, including mobile and fixed voice, mobile data, fixed broadband, ultra-fast broadband, Pay television, information technology and digital services.
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3f81be2b-66b2-4d86-96d7-e0d3ac12054b
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713821.0
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2023-12-11 00:00:00 UTC
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Here's Why Lincoln Electric Holdings (LECO) is a Strong Growth Stock
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DCOMP
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https://www.nasdaq.com/articles/heres-why-lincoln-electric-holdings-leco-is-a-strong-growth-stock-3
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nan
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nan
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It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores?
The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
For value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth Score
Growth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
If you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank
A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Lincoln Electric Holdings (LECO)
Headquartered in Cleveland, OH, Lincoln Electric has 56 manufacturing locations, including operations and joint ventures in 19 countries, and a worldwide network of distributors and sales offices covering more than 160 countries. Lincoln is a full-line manufacturer and reseller of welding and cutting products with products ranging from welding power sources, wire feeding systems, robotic welding packages, fume extraction equipment, consumables and fluxes to regulators and torches used in cutting.
LECO is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Additionally, the company could be a top pick for growth investors. LECO has a Growth Style Score of A, forecasting year-over-year earnings growth of 10.9% for the current fiscal year.
For fiscal 2023, five analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.12 to $9.17 per share. LECO boasts an average earnings surprise of 4.4%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, LECO should be on investors' short list.
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
Lincoln Electric Holdings, Inc. (LECO) : 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.
|
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy. The 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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The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio. Click to get this free report Lincoln Electric Holdings, Inc. (LECO) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
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What are the Zacks Style Scores? It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. That's where the Style Scores come in.
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2d1229a7-15b9-4c4e-a42f-0850f89c43e9
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713822.0
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2023-12-11 00:00:00 UTC
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Here's Why Sherwin-Williams (SHW) is a Strong Growth Stock
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DCOMP
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https://www.nasdaq.com/articles/heres-why-sherwin-williams-shw-is-a-strong-growth-stock-0
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nan
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nan
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For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores?
Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value Score
For value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth Score
Growth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Sherwin-Williams (SHW)
Founded in 1866 and headquartered in Cleveland, OH, The Sherwin-Williams Company is into manufacturing and sales of paints, coatings and related products, primarily in the North and South America. It also has operations in the Caribbean region, Europe and Asia. Sherwin-Williams is one of the biggest paint companies in the United States and in the world. Its well-known brands include Dutch Boy, Minwax and Krylon. The company, on Jun 1, 2017, completed the purchase of rival paints maker Valspar in an all-cash transaction, creating a premier global paints and coatings company.
SHW is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Additionally, the company could be a top pick for growth investors. SHW has a Growth Style Score of B, forecasting year-over-year earnings growth of 18% for the current fiscal year.
For fiscal 2023, eight analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.50 to $10.30 per share. SHW boasts an average earnings surprise of 12.6%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, SHW should be on investors' short list.
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
The Sherwin-Williams Company (SHW) : 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.
|
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy. The 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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The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. Momentum Score Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
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The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days. How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
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What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days. That's where the Style Scores come in.
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1c2b9e29-0b1b-4048-b661-503484d4252f
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713823.0
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2023-12-11 00:00:00 UTC
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Caesars Entertainment (CZR) is a Top-Ranked Growth Stock: Should You Buy?
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DCOMP
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https://www.nasdaq.com/articles/caesars-entertainment-czr-is-a-top-ranked-growth-stock%3A-should-you-buy
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nan
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nan
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value Score
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth Score
While good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Caesars Entertainment (CZR)
Caesars Entertainment is a diversified gaming and hospitality company based in Reno, NV. Founded by the Carano family in 1973, the company’s primary source of revenues is generated through gaming operations that include mobile, online gaming and sports betting.
CZR is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Additionally, the company could be a top pick for growth investors. CZR has a Growth Style Score of B, forecasting year-over-year earnings growth of 223.6% for the current fiscal year.
For fiscal 2023, four analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.32 to $4.46 per share. CZR boasts an average earnings surprise of 65.8%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, CZR should be on investors' short list.
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
Caesars Entertainment, Inc. (CZR) : 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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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. The 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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Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier. Click to get this free report Caesars Entertainment, Inc. (CZR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. The Style Scores are broken down into four categories: Value Score Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
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What are the Zacks Style Scores? That's where the Style Scores come in. Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
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9306a1e1-7f34-4d87-b04d-6b27944fc6d0
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713824.0
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2023-12-11 00:00:00 UTC
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Here's Why Vulcan Materials (VMC) is a Strong Growth Stock
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DCOMP
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https://www.nasdaq.com/articles/heres-why-vulcan-materials-vmc-is-a-strong-growth-stock
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nan
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nan
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For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value Score
For value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth Score
Growth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum Score
Momentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM Score
What if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Vulcan Materials (VMC)
Based in Birmingham, AL, Vulcan Materials Company is engaged in the production, distribution and sale of construction aggregates and other construction materials in the U.S. and Mexico. As of Dec 31, 2023, it had 404 active aggregates facilities, 71 asphalt facilities, 142 concrete facilities and 1 calcium facility.
VMC is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Additionally, the company could be a top pick for growth investors. VMC has a Growth Style Score of A, forecasting year-over-year earnings growth of 34.4% for the current fiscal year.
Four analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.05 to $6.87 per share. VMC boasts an average earnings surprise of 13.6%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, VMC should be on investors' short list.
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
Vulcan Materials Company (VMC) : 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 Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum. 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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Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio. Click to get this free report Vulcan Materials Company (VMC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio. Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
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What are the Zacks Style Scores? That's where the Style Scores come in. VMC is a #3 (Hold) on the Zacks Rank, with a VGM Score of B. Additionally, the company could be a top pick for growth investors.
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2b5cf7b5-e9ce-4dc6-b97c-94fb64bfc82e
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713825.0
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2023-12-11 00:00:00 UTC
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Are Investors Undervaluing Casey's General Stores (CASY) Right Now?
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DCOMP
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https://www.nasdaq.com/articles/are-investors-undervaluing-caseys-general-stores-casy-right-now
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nan
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nan
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The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
Casey's General Stores (CASY) is a stock many investors are watching right now. CASY is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A.
Investors should also recognize that CASY has a P/B ratio of 3.66. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 3.82. CASY's P/B has been as high as 3.82 and as low as 2.94, with a median of 3.32, over the past year.
Finally, investors will want to recognize that CASY has a P/CF ratio of 13.02. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. CASY's P/CF compares to its industry's average P/CF of 13.45. Within the past 12 months, CASY's P/CF has been as high as 13.59 and as low as 10.12, with a median of 11.70.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Casey's General Stores is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, CASY feels like a great value stock at the moment.
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
Casey's General Stores, Inc. (CASY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large. Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. 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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The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Casey's General Stores (CASY) is a stock many investors are watching right now. Click to get this free report Casey's General Stores, Inc. (CASY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large. Casey's General Stores (CASY) is a stock many investors are watching right now. Click to get this free report Casey's General Stores, Inc. (CASY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today. Want the latest recommendations from Zacks Investment Research?
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6d5da001-2fb0-43a3-858f-57b9d3270eb2
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713826.0
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2023-12-11 00:00:00 UTC
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The Pennant Group, Inc. (PNTG) Now Trades Above Golden Cross: Time to Buy?
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DCOMP
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https://www.nasdaq.com/articles/the-pennant-group-inc.-pntg-now-trades-above-golden-cross%3A-time-to-buy
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nan
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nan
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From a technical perspective, The Pennant Group, Inc. (PNTG) is looking like an interesting pick, as it just reached a key level of support. PNTG's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.
A golden cross is a technical chart pattern that can signify a potential bullish breakout. It's formed from a crossover involving a security's short-term moving average breaking above a longer-term moving average, with the most common moving averages being the 50-day and the 200-day, since bigger time periods tend to form stronger breakouts.
Golden crosses have three key stages that investors look out for. It starts with a downtrend in a stock's price that eventually bottoms out, followed by the stock's shorter moving average crossing over its longer moving average and triggering a trend reversal. The final stage is when a stock continues the upward climb to higher prices.
A golden cross contrasts with a death cross, another widely-followed chart pattern that suggests bearish momentum could be on the horizon.
PNTG has rallied 9% over the past four weeks, and the company is a #2 (Buy) on the Zacks Rank at the moment. This combination indicates PNTG could be poised for a breakout.
The bullish case solidifies once investors consider PNTG's positive earnings outlook. For the current quarter, no earnings estimate has been cut compared to 3 revisions higher in the past 60 days. The Zacks Consensus Estimate has increased too.
With a winning combination of earnings estimate revisions and hitting a key technical level, investors should keep their eye on PNTG for more gains in the near future.
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
The Pennant Group, Inc. (PNTG) : 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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From a technical perspective, The Pennant Group, Inc. (PNTG) is looking like an interesting pick, as it just reached a key level of support. With a winning combination of earnings estimate revisions and hitting a key technical level, investors should keep their eye on PNTG for more gains in the near future. 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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PNTG's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world. With a winning combination of earnings estimate revisions and hitting a key technical level, investors should keep their eye on PNTG for more gains in the near future. Click to get this free report The Pennant Group, Inc. (PNTG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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PNTG's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world. It's formed from a crossover involving a security's short-term moving average breaking above a longer-term moving average, with the most common moving averages being the 50-day and the 200-day, since bigger time periods tend to form stronger breakouts. It starts with a downtrend in a stock's price that eventually bottoms out, followed by the stock's shorter moving average crossing over its longer moving average and triggering a trend reversal.
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PNTG's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world. Golden crosses have three key stages that investors look out for. With a winning combination of earnings estimate revisions and hitting a key technical level, investors should keep their eye on PNTG for more gains in the near future.
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01706b1b-c90c-4500-b276-311b71ff9d41
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713827.0
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2023-12-11 00:00:00 UTC
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Should Value Investors Buy Resideo Technologies (REZI) Stock?
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DCOMP
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https://www.nasdaq.com/articles/should-value-investors-buy-resideo-technologies-rezi-stock
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nan
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nan
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The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
Resideo Technologies (REZI) is a stock many investors are watching right now. REZI is currently sporting a Zacks Rank of #1 (Strong Buy), as well as an A grade for Value. The stock has a Forward P/E ratio of 9.70. This compares to its industry's average Forward P/E of 17.62. Over the last 12 months, REZI's Forward P/E has been as high as 10.88 and as low as 7.39, with a median of 8.69.
Finally, investors should note that REZI has a P/CF ratio of 9.89. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. REZI's P/CF compares to its industry's average P/CF of 12.38. Within the past 12 months, REZI's P/CF has been as high as 10.04 and as low as 5.81, with a median of 7.64.
These are only a few of the key metrics included in Resideo Technologies's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, REZI looks like an impressive value stock at the moment.
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
Resideo Technologies, Inc. (REZI) : 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.
|
Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large. Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. 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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The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Click to get this free report Resideo Technologies, Inc. (REZI) : 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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Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now. Resideo Technologies (REZI) is a stock many investors are watching right now. Click to get this free report Resideo Technologies, Inc. (REZI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now. These are only a few of the key metrics included in Resideo Technologies's strong Value grade, but they help show that the stock is likely undervalued right now. Want the latest recommendations from Zacks Investment Research?
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7a26c503-f842-4d12-9207-4774ed3309b7
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713828.0
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2023-12-11 00:00:00 UTC
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Is CNA Financial (CNA) Stock Undervalued Right Now?
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DCOMP
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https://www.nasdaq.com/articles/is-cna-financial-cna-stock-undervalued-right-now-1
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nan
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nan
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
One stock to keep an eye on is CNA Financial (CNA). CNA is currently holding a Zacks Rank of #1 (Strong Buy) and a Value grade of A. The stock has a Forward P/E ratio of 8.86. This compares to its industry's average Forward P/E of 25.88. CNA's Forward P/E has been as high as 11.66 and as low as 8.36, with a median of 9.03, all within the past year.
We also note that CNA holds a PEG ratio of 1.77. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. CNA's PEG compares to its industry's average PEG of 2.44. Within the past year, CNA's PEG has been as high as 2.33 and as low as 1.67, with a median of 1.81.
Investors should also recognize that CNA has a P/B ratio of 1.32. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. CNA's current P/B looks attractive when compared to its industry's average P/B of 1.46. CNA's P/B has been as high as 1.42 and as low as 1.13, with a median of 1.25, over the past year.
Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. This is a prefered metric because revenue can't really be manipulated, so sales are often a truer performance indicator. CNA has a P/S ratio of 0.89. This compares to its industry's average P/S of 1.06.
These are just a handful of the figures considered in CNA Financial's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that CNA is an impressive value stock right now.
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
CNA Financial Corporation (CNA) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large. In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. 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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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. CNA's PEG compares to its industry's average PEG of 2.44. Click to get this free report CNA Financial Corporation (CNA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment. One stock to keep an eye on is CNA Financial (CNA). Click to get this free report CNA Financial Corporation (CNA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment. The stock has a Forward P/E ratio of 8.86. Value investors also use the P/S ratio.
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a78552bf-77cb-4e30-9502-a37f7e67a68a
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713829.0
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2023-12-11 00:00:00 UTC
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Should Value Investors Buy American Eagle Outfitters (AEO) Stock?
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DCOMP
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https://www.nasdaq.com/articles/should-value-investors-buy-american-eagle-outfitters-aeo-stock-2
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nan
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nan
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While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One stock to keep an eye on is American Eagle Outfitters (AEO). AEO is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock is trading with P/E ratio of 14.95 right now. For comparison, its industry sports an average P/E of 15.81. Over the past year, AEO's Forward P/E has been as high as 19.09 and as low as 9.32, with a median of 13.01.
AEO is also sporting a PEG ratio of 0.79. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. AEO's PEG compares to its industry's average PEG of 0.91. Within the past year, AEO's PEG has been as high as 3.12 and as low as 0.69, with a median of 1.11.
We should also highlight that AEO has a P/B ratio of 2.34. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 3.70. Over the past year, AEO's P/B has been as high as 2.36 and as low as 1.24, with a median of 1.80.
Finally, we should also recognize that AEO has a P/CF ratio of 8.99. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 12.24. Within the past 12 months, AEO's P/CF has been as high as 9.94 and as low as 6.01, with a median of 7.80.
Value investors will likely look at more than just these metrics, but the above data helps show that American Eagle Outfitters is likely undervalued currently. And when considering the strength of its earnings outlook, AEO sticks out at as one of the market's strongest value stocks.
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
American Eagle Outfitters, Inc. (AEO) : 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.
|
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. 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.
|
When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today. AEO's PEG compares to its industry's average PEG of 0.91. Click to get this free report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report To read this article on Zacks.com click here.
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While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today. Click to get this free report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report To read this article on Zacks.com click here.
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When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today. AEO is also sporting a PEG ratio of 0.79. Value investors will likely look at more than just these metrics, but the above data helps show that American Eagle Outfitters is likely undervalued currently.
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4879dcae-3d2c-4af5-ad64-04c8ae6ef78a
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713830.0
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2023-12-11 00:00:00 UTC
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Should Value Investors Buy Assurant (AIZ) Stock?
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DCOMP
|
https://www.nasdaq.com/articles/should-value-investors-buy-assurant-aiz-stock
|
nan
|
nan
|
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One stock to keep an eye on is Assurant (AIZ). AIZ is currently holding a Zacks Rank of #1 (Strong Buy) and a Value grade of A.
We should also highlight that AIZ has a P/B ratio of 1.99. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 2.62. AIZ's P/B has been as high as 2.01 and as low as 1.31, with a median of 1.61, over the past year.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. AIZ has a P/S ratio of 0.82. This compares to its industry's average P/S of 0.96.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Assurant is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, AIZ feels like a great value stock at the moment.
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
Assurant, Inc. (AIZ) : 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.
|
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today. The New Gold Rush: How Lithium Batteries Will Make Millionaires As the electric vehicle revolution expands, investors have a chance to target huge gains.
|
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. Click to get this free report Assurant, Inc. (AIZ) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today. Click to get this free report Assurant, Inc. (AIZ) : Free Stock Analysis Report To read this article on Zacks.com click here.
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When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today. We should also highlight that AIZ has a P/B ratio of 1.99. AIZ has a P/S ratio of 0.82.
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9c96a2a8-ed3a-4298-bec3-f4cbcbaaa18d
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713831.0
|
2023-12-11 00:00:00 UTC
|
Should Value Investors Buy Assurant (AIZ) Stock?
|
DCOMP
|
https://www.nasdaq.com/articles/should-value-investors-buy-assurant-aiz-stock-0
|
nan
|
nan
|
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One stock to keep an eye on is Assurant (AIZ). AIZ is currently holding a Zacks Rank of #1 (Strong Buy) and a Value grade of A.
We should also highlight that AIZ has a P/B ratio of 1.99. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 2.62. AIZ's P/B has been as high as 2.01 and as low as 1.31, with a median of 1.61, over the past year.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. AIZ has a P/S ratio of 0.82. This compares to its industry's average P/S of 0.96.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Assurant is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, AIZ feels like a great value stock at the moment.
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
Assurant, Inc. (AIZ) : 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.
|
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today. The New Gold Rush: How Lithium Batteries Will Make Millionaires As the electric vehicle revolution expands, investors have a chance to target huge gains.
|
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. Click to get this free report Assurant, Inc. (AIZ) : 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.
|
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today. Click to get this free report Assurant, Inc. (AIZ) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today. We should also highlight that AIZ has a P/B ratio of 1.99. AIZ has a P/S ratio of 0.82.
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ab2e2a5b-aab4-4bb6-b990-db81cd1781a0
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713832.0
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2023-12-11 00:00:00 UTC
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Are Investors Undervaluing Arcos Dorados (ARCO) Right Now?
|
DCOMP
|
https://www.nasdaq.com/articles/are-investors-undervaluing-arcos-dorados-arco-right-now-6
|
nan
|
nan
|
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
Arcos Dorados (ARCO) is a stock many investors are watching right now. ARCO is currently sporting a Zacks Rank of #1 (Strong Buy), as well as a Value grade of A. The stock is trading with a P/E ratio of 12.85, which compares to its industry's average of 23.53. ARCO's Forward P/E has been as high as 17.05 and as low as 10.09, with a median of 12.24, all within the past year.
ARCO is also sporting a PEG ratio of 1.01. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. ARCO's PEG compares to its industry's average PEG of 1.64. Within the past year, ARCO's PEG has been as high as 1.62 and as low as 0.89, with a median of 1.23.
Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. ARCO has a P/S ratio of 0.64. This compares to its industry's average P/S of 0.96.
Finally, investors should note that ARCO has a P/CF ratio of 8.04. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 17.64. Over the past 52 weeks, ARCO's P/CF has been as high as 8.18 and as low as 5.42, with a median of 6.82.
Carrols Restaurant Group (TAST) may be another strong Retail - Restaurants stock to add to your shortlist. TAST is a # 1 (Strong Buy) stock with a Value grade of A.
Additionally, Carrols Restaurant Group has a P/B ratio of 2.40 while its industry's price-to-book ratio sits at -27.61. For TAST, this valuation metric has been as high as 2.41, as low as 0.43, with a median of 1.69 over the past year.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Arcos Dorados and Carrols Restaurant Group are likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, ARCO and TAST feels like a great value stock at the moment.
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
Arcos Dorados Holdings Inc. (ARCO) : Free Stock Analysis Report
Carrols Restaurant Group, Inc. (TAST) : 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.
|
But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. The New Gold Rush: How Lithium Batteries Will Make Millionaires As the electric vehicle revolution expands, investors have a chance to target huge gains.
|
ARCO's PEG compares to its industry's average PEG of 1.64. TAST is a # 1 (Strong Buy) stock with a Value grade of A. Additionally, Carrols Restaurant Group has a P/B ratio of 2.40 while its industry's price-to-book ratio sits at -27.61. Click to get this free report Arcos Dorados Holdings Inc. (ARCO) : Free Stock Analysis Report Carrols Restaurant Group, Inc. (TAST) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Arcos Dorados (ARCO) is a stock many investors are watching right now. TAST is a # 1 (Strong Buy) stock with a Value grade of A. Additionally, Carrols Restaurant Group has a P/B ratio of 2.40 while its industry's price-to-book ratio sits at -27.61. Click to get this free report Arcos Dorados Holdings Inc. (ARCO) : Free Stock Analysis Report Carrols Restaurant Group, Inc. (TAST) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today. ARCO has a P/S ratio of 0.64. TAST is a # 1 (Strong Buy) stock with a Value grade of A. Additionally, Carrols Restaurant Group has a P/B ratio of 2.40 while its industry's price-to-book ratio sits at -27.61.
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2398e32b-8020-4a36-9aaa-10100b7dda0a
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713833.0
|
2023-12-11 00:00:00 UTC
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Are Investors Undervaluing Ingredion (INGR) Right Now?
|
DCOMP
|
https://www.nasdaq.com/articles/are-investors-undervaluing-ingredion-ingr-right-now-3
|
nan
|
nan
|
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One company value investors might notice is Ingredion (INGR). INGR is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock has a Forward P/E ratio of 11.02. This compares to its industry's average Forward P/E of 16.62. Over the last 12 months, INGR's Forward P/E has been as high as 13.87 and as low as 9.36, with a median of 11.48.
INGR is also sporting a PEG ratio of 1. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. INGR's PEG compares to its industry's average PEG of 2.02. Within the past year, INGR's PEG has been as high as 1 and as low as 0.85, with a median of 0.95.
Another notable valuation metric for INGR is its P/B ratio of 2.09. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. INGR's current P/B looks attractive when compared to its industry's average P/B of 2.17. Over the past year, INGR's P/B has been as high as 2.27 and as low as 1.76, with a median of 2.07.
Finally, our model also underscores that INGR has a P/CF ratio of 8.47. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 16.03. INGR's P/CF has been as high as 9.94 and as low as 7.10, with a median of 9.19, all within the past year.
Value investors will likely look at more than just these metrics, but the above data helps show that Ingredion is likely undervalued currently. And when considering the strength of its earnings outlook, INGR sticks out at as one of the market's strongest value stocks.
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
Ingredion Incorporated (INGR) : 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.
|
But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. The New Gold Rush: How Lithium Batteries Will Make Millionaires As the electric vehicle revolution expands, investors have a chance to target huge gains.
|
This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. INGR's PEG compares to its industry's average PEG of 2.02. Click to get this free report Ingredion Incorporated (INGR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today. Click to get this free report Ingredion Incorporated (INGR) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today. One company value investors might notice is Ingredion (INGR).
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092f2914-0759-4026-8adb-eed8d19febf0
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713834.0
|
2023-12-11 00:00:00 UTC
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Wall Street Analysts Predict a 220.81% Upside in Stoke Therapeutics, Inc. (STOK): Here's What You Should Know
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DCOMP
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https://www.nasdaq.com/articles/wall-street-analysts-predict-a-220.81-upside-in-stoke-therapeutics-inc.-stok%3A-heres-what
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nan
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nan
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Shares of Stoke Therapeutics, Inc. (STOK) have gained 12.6% over the past four weeks to close the last trading session at $5.19, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $16.65 indicates a potential upside of 220.8%.
The mean estimate comprises seven short-term price targets with a standard deviation of $10.75. While the lowest estimate of $4.20 indicates a 19.1% decline from the current price level, the most optimistic analyst expects the stock to surge 574.4% to reach $35. It's very important to note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.
While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of analysts in setting price targets have long been questionable.
However, an impressive consensus price target is not the only factor that indicates a potential upside in STOK. This view is strengthened by the agreement among analysts that the company will report better earnings than what they estimated earlier. Though a positive trend in earnings estimate revisions doesn't give any idea as to how much the stock could surge, it has proven effective in predicting an upside.
Here's What You May Not Know About Analysts' Price Targets
According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.
While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?
They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.
However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.
Why STOK Could Witness a Solid Upside
Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason to expect an upside in the stock. That's because empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Over the last 30 days, the Zacks Consensus Estimate for the current year has increased 1.1%, as one estimate has moved higher compared to no negative revision.
Moreover, STOK currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, while the consensus price target may not be a reliable indicator of how much STOK could gain, the direction of price movement it implies does appear to be a good guide.
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
Stoke Therapeutics, Inc. (STOK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Shares of Stoke Therapeutics, Inc. (STOK) have gained 12.6% over the past four weeks to close the last trading session at $5.19, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
|
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. That's because empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Click to get this free report Stoke Therapeutics, Inc. (STOK) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Here's What You May Not Know About Analysts' Price Targets According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading. However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement.
|
Going by the price targets, the mean estimate of $16.65 indicates a potential upside of 220.8%. Over the last 30 days, the Zacks Consensus Estimate for the current year has increased 1.1%, as one estimate has moved higher compared to no negative revision. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, while the consensus price target may not be a reliable indicator of how much STOK could gain, the direction of price movement it implies does appear to be a good guide.
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b380a38a-c009-444e-8fc7-b3bfb4726186
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713835.0
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2023-12-11 00:00:00 UTC
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After Golden Cross, Associated Banc-Corp (ASB)'s Technical Outlook is Bright
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DCOMP
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https://www.nasdaq.com/articles/after-golden-cross-associated-banc-corp-asbs-technical-outlook-is-bright-0
|
nan
|
nan
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Associated Banc-Corp (ASB) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, ASB's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross."
There's a reason traders love a golden cross -- it's a technical chart pattern that can indicate a bullish breakout is on the horizon. This kind of crossover is formed when a stock's short-term moving average breaks above a longer-term moving average. Typically, a golden cross involves the 50-day and the 200-day moving averages, since bigger time periods tend to form stronger breakouts.
There are three stages to a golden cross. First, there must be a downtrend in a stock's price that eventually bottoms out. Then, the stock's shorter moving average crosses over its longer moving average, triggering a positive trend reversal. The third stage is when a stock continues the upward momentum to higher prices.
This kind of chart pattern is the opposite of a death cross, which is a technical event that suggests future bearish price movement.
Shares of ASB have been moving higher over the past four weeks, up 12%. Plus, the company is currently a #3 (Hold) on the Zacks Rank, suggesting that ASB could be poised for a breakout.
The bullish case solidifies once investors consider ASB's positive earnings outlook. For the current quarter, no earnings estimate has been cut compared to 5 revisions higher in the past 60 days. The Zacks Consensus Estimate has increased too.
Given this move in earnings estimates and the positive technical factor, investors may want to keep their eye on ASB for more gains in the near future.
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
Associated Banc-Corp (ASB) : 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.
|
Typically, a golden cross involves the 50-day and the 200-day moving averages, since bigger time periods tend to form stronger breakouts. This kind of chart pattern is the opposite of a death cross, which is a technical event that suggests future bearish price movement. 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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Then, the stock's shorter moving average crosses over its longer moving average, triggering a positive trend reversal. Given this move in earnings estimates and the positive technical factor, investors may want to keep their eye on ASB for more gains in the near future. Click to get this free report Associated Banc-Corp (ASB) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Recently, ASB's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross." This kind of crossover is formed when a stock's short-term moving average breaks above a longer-term moving average. Then, the stock's shorter moving average crosses over its longer moving average, triggering a positive trend reversal.
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Recently, ASB's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross." The Zacks Consensus Estimate has increased too. Given this move in earnings estimates and the positive technical factor, investors may want to keep their eye on ASB for more gains in the near future.
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e4c23259-149b-4d64-b2de-b94c66761e58
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713836.0
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2023-12-11 00:00:00 UTC
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XLRE, WELL, SPG, PSA: ETF Inflow Alert
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DCOMP
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https://www.nasdaq.com/articles/xlre-well-spg-psa%3A-etf-inflow-alert
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Real Estate Select Sector SPDR Fund (Symbol: XLRE) where we have detected an approximate $368.4 million dollar inflow -- that's a 7.2% increase week over week in outstanding units (from 129,600,000 to 138,950,000). Among the largest underlying components of XLRE, in trading today Welltower Inc (Symbol: WELL) is up about 2.4%, Simon Property Group, Inc. (Symbol: SPG) is up about 2.8%, and Public Storage (Symbol: PSA) is higher by about 3%. For a complete list of holdings, visit the XLRE Holdings page » The chart below shows the one year price performance of XLRE, versus its 200 day moving average:
Looking at the chart above, XLRE's low point in its 52 week range is $31.99 per share, with $42.21 as the 52 week high point — that compares with a last trade of $40.45. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
Also see:
REITs Hedge Funds Are Selling
JAGX shares outstanding history
Institutional Holders of MKTY
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Real Estate Select Sector SPDR Fund (Symbol: XLRE) where we have detected an approximate $368.4 million dollar inflow -- that's a 7.2% increase week over week in outstanding units (from 129,600,000 to 138,950,000). These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Click here to find out which 9 other ETFs had notable inflows » Also see: REITs Hedge Funds Are Selling JAGX shares outstanding history Institutional Holders of MKTY The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of XLRE, in trading today Welltower Inc (Symbol: WELL) is up about 2.4%, Simon Property Group, Inc. (Symbol: SPG) is up about 2.8%, and Public Storage (Symbol: PSA) is higher by about 3%. For a complete list of holdings, visit the XLRE Holdings page » The chart below shows the one year price performance of XLRE, versus its 200 day moving average: Looking at the chart above, XLRE's low point in its 52 week range is $31.99 per share, with $42.21 as the 52 week high point — that compares with a last trade of $40.45. Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Real Estate Select Sector SPDR Fund (Symbol: XLRE) where we have detected an approximate $368.4 million dollar inflow -- that's a 7.2% increase week over week in outstanding units (from 129,600,000 to 138,950,000). For a complete list of holdings, visit the XLRE Holdings page » The chart below shows the one year price performance of XLRE, versus its 200 day moving average: Looking at the chart above, XLRE's low point in its 52 week range is $31.99 per share, with $42.21 as the 52 week high point — that compares with a last trade of $40.45. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Real Estate Select Sector SPDR Fund (Symbol: XLRE) where we have detected an approximate $368.4 million dollar inflow -- that's a 7.2% increase week over week in outstanding units (from 129,600,000 to 138,950,000). For a complete list of holdings, visit the XLRE Holdings page » The chart below shows the one year price performance of XLRE, versus its 200 day moving average: Looking at the chart above, XLRE's low point in its 52 week range is $31.99 per share, with $42.21 as the 52 week high point — that compares with a last trade of $40.45. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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65a15eea-3752-43a7-b1ea-29e4665147c0
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713837.0
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2023-12-11 00:00:00 UTC
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Charter (CHTR) Spectrum Launches Services in Cleveland County
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DCOMP
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https://www.nasdaq.com/articles/charter-chtr-spectrum-launches-services-in-cleveland-county
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nan
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nan
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Charter Communications CHTR owned Spectrum, the #1 rural Internet provider in the nation, is making significant strides in expanding its Internet, Mobile, TV, and Voice services in Cleveland County, North Carolina and other rural communities.
This Zacks Rank #3 (Hold) company has invested approximately $5 billion in the Rural Digital Opportunity Fund (RDOF) to build a fiber-optic network in unserved rural communities, with a focus on providing broadband access. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Spectrum's RDOF expansion aims to provide broadband access to 1.3 million customer locations across 24 states in the coming years.
Spectrum has won more than $700 million in state broadband expansion subsidies, which, combined with its investment, will connect an additional 300,000 homes and small businesses.
Spectrum Internet offers speeds up to 1 Gbps with no modem fees, data caps, or contracts. Spectrum Business Internet provides 1 Gbps download speeds with multiple speed options.
Spectrum's initiatives are aimed at bridging the digital divide in rural areas, providing high-speed Internet and a range of services to enhance connectivity for residents and businesses.
Spectrum is working on a network evolution that will provide gigabit upstream speeds and multiple gigabit download speeds across its entire 41-state service area.
Spectrum is participating in the FCC's Affordable Connectivity Program, providing quality, high-speed Internet service at a low or no cost to eligible families in financial need.
Charter Communications, Inc. Price and Consensus
Charter Communications, Inc. price-consensus-chart | Charter Communications, Inc. Quote
Charter’s Spectrum Faces Tough Competition
Spectrum Mobile is the nation’s fastest-growing mobile provider, offering access to nationwide 5G at competitive prices, starting at $29.99 a month for Unlimited lines. Spectrum TV offers more than 270 HD channels and access to 85,000 On Demand movies and shows. The Spectrum TV App allows streaming across various platforms.
However, Spectrum faces intense competition from the likes of T-Mobile TMUS, Comcast CMCSA and Verizon VZ over desired Internet speed options for users.
Spectrum’s wired Internet service is definitely faster than T-Mobile’s. Users can get reliable Internet speeds from 300–1,000 Mbps. Meanwhile, T-Mobile’s speeds range from 72 to 245 Mbps. Both companies have respectable upload speeds, making them fine options for gamers and work-from-homers.
One of the biggest differences between Spectrum and Comcast’s Xfinity is that the former offers its Internet plans with no data caps and no contracts, making it a great choice for cord-cutters who plan on using a lot of data without being locked into a contract. Xfinity, on the other hand, has a 1.2 TB data cap on all of its home Internet plans.
While Spectrum and Xfinity both offer the same standard home Internet speeds between 300 Mbps and 1,000 Mbps, that marks the end of options for Spectrum’s service. Xfinity offers customers a huge range of Internet speeds from 50 Mbps for casual email checkers all the way to a 2,000 Mbps download and upload plan that is twice as fast as Spectrum’s highest speed offering.
Spectrum and Verizon offer Internet plans with download speeds of up to 1,000 Mbps. However, Verizon uses a 100% fiber optic network, while Spectrum uses coaxial cables. Fiber optic cables are technologically superior and can provide faster Internet speeds regardless of the number of users.
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
Verizon Communications Inc. (VZ) : Free Stock Analysis Report
Comcast Corporation (CMCSA) : Free Stock Analysis Report
Charter Communications, Inc. (CHTR) : Free Stock Analysis Report
T-Mobile US, Inc. (TMUS) : 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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Spectrum's initiatives are aimed at bridging the digital divide in rural areas, providing high-speed Internet and a range of services to enhance connectivity for residents and businesses. Spectrum is participating in the FCC's Affordable Connectivity Program, providing quality, high-speed Internet service at a low or no cost to eligible families in financial need. However, Spectrum faces intense competition from the likes of T-Mobile TMUS, Comcast CMCSA and Verizon VZ over desired Internet speed options for users.
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Spectrum Business Internet provides 1 Gbps download speeds with multiple speed options. Charter Communications, Inc. Price and Consensus Charter Communications, Inc. price-consensus-chart | Charter Communications, Inc. Quote Charter’s Spectrum Faces Tough Competition Spectrum Mobile is the nation’s fastest-growing mobile provider, offering access to nationwide 5G at competitive prices, starting at $29.99 a month for Unlimited lines. Click to get this free report Verizon Communications Inc. (VZ) : Free Stock Analysis Report Comcast Corporation (CMCSA) : Free Stock Analysis Report Charter Communications, Inc. (CHTR) : Free Stock Analysis Report T-Mobile US, Inc. (TMUS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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While Spectrum and Xfinity both offer the same standard home Internet speeds between 300 Mbps and 1,000 Mbps, that marks the end of options for Spectrum’s service. Xfinity offers customers a huge range of Internet speeds from 50 Mbps for casual email checkers all the way to a 2,000 Mbps download and upload plan that is twice as fast as Spectrum’s highest speed offering. Click to get this free report Verizon Communications Inc. (VZ) : Free Stock Analysis Report Comcast Corporation (CMCSA) : Free Stock Analysis Report Charter Communications, Inc. (CHTR) : Free Stock Analysis Report T-Mobile US, Inc. (TMUS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Spectrum Business Internet provides 1 Gbps download speeds with multiple speed options. Spectrum's initiatives are aimed at bridging the digital divide in rural areas, providing high-speed Internet and a range of services to enhance connectivity for residents and businesses. Spectrum and Verizon offer Internet plans with download speeds of up to 1,000 Mbps.
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4f85c0d4-b120-47d6-9ed7-b2d81c953264
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713838.0
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2023-12-11 00:00:00 UTC
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Ex-Dividend Reminder: J&J Snack Foods, PulteGroup and Upbound Group
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DCOMP
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https://www.nasdaq.com/articles/ex-dividend-reminder%3A-jj-snack-foods-pultegroup-and-upbound-group
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nan
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nan
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Looking at the universe of stocks we cover at Dividend Channel, on 12/18/23, J&J Snack Foods Corp. (Symbol: JJSF), PulteGroup Inc (Symbol: PHM), and Upbound Group Inc (Symbol: UPBD) will all trade ex-dividend for their respective upcoming dividends. J&J Snack Foods Corp. will pay its quarterly dividend of $0.735 on 1/9/24, PulteGroup Inc will pay its quarterly dividend of $0.20 on 1/3/24, and Upbound Group Inc will pay its quarterly dividend of $0.37 on 1/9/24. As a percentage of JJSF's recent stock price of $173.18, this dividend works out to approximately 0.42%, so look for shares of J&J Snack Foods Corp. to trade 0.42% lower — all else being equal — when JJSF shares open for trading on 12/18/23. Similarly, investors should look for PHM to open 0.20% lower in price and for UPBD to open 1.16% lower, all else being equal.
Below are dividend history charts for JJSF, PHM, and UPBD, showing historical dividends prior to the most recent ones declared.
J&J Snack Foods Corp. (Symbol: JJSF):
PulteGroup Inc (Symbol: PHM):
Upbound Group Inc (Symbol: UPBD):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 1.70% for J&J Snack Foods Corp., 0.82% for PulteGroup Inc, and 4.62% for Upbound Group Inc.
In Thursday trading, J&J Snack Foods Corp. shares are currently up about 0.8%, PulteGroup Inc shares are up about 2%, and Upbound Group Inc shares are up about 1% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
Also see:
Stocks Where Yields Got More Juicy
Institutional Holders of GMHI
GMF Options Chain
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. If they do continue, the current estimated yields on annualized basis would be 1.70% for J&J Snack Foods Corp., 0.82% for PulteGroup Inc, and 4.62% for Upbound Group Inc. dividend stocks should be on your radar screen » Also see: Stocks Where Yields Got More Juicy Institutional Holders of GMHI GMF Options Chain The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/18/23, J&J Snack Foods Corp. (Symbol: JJSF), PulteGroup Inc (Symbol: PHM), and Upbound Group Inc (Symbol: UPBD) will all trade ex-dividend for their respective upcoming dividends. J&J Snack Foods Corp. will pay its quarterly dividend of $0.735 on 1/9/24, PulteGroup Inc will pay its quarterly dividend of $0.20 on 1/3/24, and Upbound Group Inc will pay its quarterly dividend of $0.37 on 1/9/24. J&J Snack Foods Corp. (Symbol: JJSF): PulteGroup Inc (Symbol: PHM): Upbound Group Inc (Symbol: UPBD): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/18/23, J&J Snack Foods Corp. (Symbol: JJSF), PulteGroup Inc (Symbol: PHM), and Upbound Group Inc (Symbol: UPBD) will all trade ex-dividend for their respective upcoming dividends. J&J Snack Foods Corp. will pay its quarterly dividend of $0.735 on 1/9/24, PulteGroup Inc will pay its quarterly dividend of $0.20 on 1/3/24, and Upbound Group Inc will pay its quarterly dividend of $0.37 on 1/9/24. J&J Snack Foods Corp. (Symbol: JJSF): PulteGroup Inc (Symbol: PHM): Upbound Group Inc (Symbol: UPBD): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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As a percentage of JJSF's recent stock price of $173.18, this dividend works out to approximately 0.42%, so look for shares of J&J Snack Foods Corp. to trade 0.42% lower — all else being equal — when JJSF shares open for trading on 12/18/23. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 1.70% for J&J Snack Foods Corp., 0.82% for PulteGroup Inc, and 4.62% for Upbound Group Inc.
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f32104a5-adc2-4c6b-bc1c-8a14c177b83d
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713839.0
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2023-12-11 00:00:00 UTC
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Broadridge (BR) Rises 33% in a Year: What You Should Know
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DCOMP
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https://www.nasdaq.com/articles/broadridge-br-rises-33-in-a-year%3A-what-you-should-know
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nan
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nan
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Broadridge Financial Solutions, Inc.’s BR shares have had an impressive run over the past year. The stock has gained 33.1% against the 1.6% decline of the industry it belongs to and the 15.9% growth of the Zacks S&P 500 composite.
What’s Behind the Rally
Broadridge is executing well on its growth strategy in governance, capital markets and wealth management. On the governance front, it is utilizing the next generation of digital communication and enhancing print and mail services through advanced technology.
In capital markets, the company continues to develop its global platform capabilities and use next-generation solutions to improve its offerings. On the wealth management front, Broadridge has developed a comprehensive wealth management platform that offers top-notch systems and data integration capabilities.
Broadridge Financial Solutions, Inc. Price
Broadridge Financial Solutions, Inc. price | Broadridge Financial Solutions, Inc. Quote
Commitment to shareholder returns makes BR a reliable way for investors to compound wealth over the long term. In 2023, 2022 and 2021, the company paid $331 million, $290.7 million and $261.7 million, respectively, in dividends. We are expecting steady growth in income, which will translate to steady cash flow, enabling Broadridge to pay out stable dividends. Per our estimates, the firm’s adjusted net income will grow 8.2%, 1.7% and 9.5% in fiscal 2024, 2025 and 2026, respectively.
BR's current ratio at the end of first-quarter fiscal 2024 was pegged at 1.44, higher than the current ratio of 0.58 reported at the end of the previous quarter and 1.23 reported at the end of the prior-year quarter. An increase in the current ratio is desirable as it indicates that it may not have problems meeting its short-term debt obligations. A current ratio of more than 1 often means that the company will be able to pay off its short-term obligations with ease.
Zacks Rank and Other Stocks to Consider
Broadridge currently carries a Zacks Rank #2 (Buy).
Investors can consider the following other top-ranked stocks:
Rollins ROL currently carries a Zacks Rank #2. For the fourth quarter of 2023, the Zacks Consensus Estimate for earnings is pegged at 20 cents, indicating year-over-year growth of 17.7%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
ROL has an impressive earnings surprise history, beating the consensus mark in three of the four trailing quarters and matching once, the average surprise being 7.2%.
FTI Consulting FCN also carries a Zacks Rank #2. The consensus mark for fourth-quarter 2023 earnings is pegged at $1.57 per share, indicating 3.3% year-over-year growth.
FCN has an impressive earnings surprise history, beating the consensus mark in three of the four trailing quarters and missing once, the average surprise being 8.5%.
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
Broadridge Financial Solutions, Inc. (BR) : Free Stock Analysis Report
FTI Consulting, Inc. (FCN) : Free Stock Analysis Report
Rollins, Inc. (ROL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On the governance front, it is utilizing the next generation of digital communication and enhancing print and mail services through advanced technology. In capital markets, the company continues to develop its global platform capabilities and use next-generation solutions to improve its offerings. 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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On the wealth management front, Broadridge has developed a comprehensive wealth management platform that offers top-notch systems and data integration capabilities. Broadridge Financial Solutions, Inc. Price Broadridge Financial Solutions, Inc. price | Broadridge Financial Solutions, Inc. Quote Commitment to shareholder returns makes BR a reliable way for investors to compound wealth over the long term. Click to get this free report Broadridge Financial Solutions, Inc. (BR) : Free Stock Analysis Report FTI Consulting, Inc. (FCN) : Free Stock Analysis Report Rollins, Inc. (ROL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Broadridge Financial Solutions, Inc. Price Broadridge Financial Solutions, Inc. price | Broadridge Financial Solutions, Inc. Quote Commitment to shareholder returns makes BR a reliable way for investors to compound wealth over the long term. Zacks Rank and Other Stocks to Consider Broadridge currently carries a Zacks Rank #2 (Buy). Click to get this free report Broadridge Financial Solutions, Inc. (BR) : Free Stock Analysis Report FTI Consulting, Inc. (FCN) : Free Stock Analysis Report Rollins, Inc. (ROL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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For the fourth quarter of 2023, the Zacks Consensus Estimate for earnings is pegged at 20 cents, indicating year-over-year growth of 17.7%. Millions of lithium batteries are being made & demand is expected to increase 889%. Click to get this free report Broadridge Financial Solutions, Inc. (BR) : Free Stock Analysis Report FTI Consulting, Inc. (FCN) : Free Stock Analysis Report Rollins, Inc. (ROL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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9cad9c1a-d72c-4cb9-ac4c-22376d513169
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713840.0
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2023-12-11 00:00:00 UTC
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DLN, PM, IBM, UPS: Large Inflows Detected at ETF
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DCOMP
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https://www.nasdaq.com/articles/dln-pm-ibm-ups%3A-large-inflows-detected-at-etf
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the WisdomTree U.S. LargeCap Dividend Fund (Symbol: DLN) where we have detected an approximate $240.3 million dollar inflow -- that's a 6.6% increase week over week in outstanding units (from 55,600,000 to 59,250,000). Among the largest underlying components of DLN, in trading today Philip Morris International Inc (Symbol: PM) is up about 1.8%, International Business Machines Corp (Symbol: IBM) is down about 1.2%, and United Parcel Service Inc (Symbol: UPS) is higher by about 2.6%. For a complete list of holdings, visit the DLN Holdings page » The chart below shows the one year price performance of DLN, versus its 200 day moving average:
Looking at the chart above, DLN's low point in its 52 week range is $58.7088 per share, with $66.395 as the 52 week high point — that compares with a last trade of $66.29. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Free Report: Top 8%+ Dividends (paid monthly)
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
Also see:
Consumer Goods Dividend Stocks
VRE shares outstanding history
STRC YTD Return
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the WisdomTree U.S. LargeCap Dividend Fund (Symbol: DLN) where we have detected an approximate $240.3 million dollar inflow -- that's a 6.6% increase week over week in outstanding units (from 55,600,000 to 59,250,000). These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Click here to find out which 9 other ETFs had notable inflows » Also see: Consumer Goods Dividend Stocks VRE shares outstanding history STRC YTD Return The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the WisdomTree U.S. LargeCap Dividend Fund (Symbol: DLN) where we have detected an approximate $240.3 million dollar inflow -- that's a 6.6% increase week over week in outstanding units (from 55,600,000 to 59,250,000). Among the largest underlying components of DLN, in trading today Philip Morris International Inc (Symbol: PM) is up about 1.8%, International Business Machines Corp (Symbol: IBM) is down about 1.2%, and United Parcel Service Inc (Symbol: UPS) is higher by about 2.6%. For a complete list of holdings, visit the DLN Holdings page » The chart below shows the one year price performance of DLN, versus its 200 day moving average: Looking at the chart above, DLN's low point in its 52 week range is $58.7088 per share, with $66.395 as the 52 week high point — that compares with a last trade of $66.29.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the WisdomTree U.S. LargeCap Dividend Fund (Symbol: DLN) where we have detected an approximate $240.3 million dollar inflow -- that's a 6.6% increase week over week in outstanding units (from 55,600,000 to 59,250,000). For a complete list of holdings, visit the DLN Holdings page » The chart below shows the one year price performance of DLN, versus its 200 day moving average: Looking at the chart above, DLN's low point in its 52 week range is $58.7088 per share, with $66.395 as the 52 week high point — that compares with a last trade of $66.29. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed).
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the WisdomTree U.S. LargeCap Dividend Fund (Symbol: DLN) where we have detected an approximate $240.3 million dollar inflow -- that's a 6.6% increase week over week in outstanding units (from 55,600,000 to 59,250,000). For a complete list of holdings, visit the DLN Holdings page » The chart below shows the one year price performance of DLN, versus its 200 day moving average: Looking at the chart above, DLN's low point in its 52 week range is $58.7088 per share, with $66.395 as the 52 week high point — that compares with a last trade of $66.29. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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afde6d30-e59e-4683-a808-57920f5c509c
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713841.0
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2023-12-11 00:00:00 UTC
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Here's Why You Should Hold on to Brighthouse Financial (BHF) Stock
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DCOMP
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https://www.nasdaq.com/articles/heres-why-you-should-hold-on-to-brighthouse-financial-bhf-stock
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nan
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nan
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Brighthouse Financial, Inc.’s BHF higher annuity sales, conservative investment strategy, asset growth, higher interest rates, a well-diversified and high-quality portfolio, and sufficient liquidity make it worth retaining in one’s portfolio.
Growth Projections
The Zacks Consensus Estimate for Brighthouse Financial’s 2023 earnings is pegged at $15.68 per share, indicating a 43.4% increase from the year-ago reported figure on 1.6% higher revenues of $8.38 billion.
The consensus estimate for 2024 earnings is pegged at $17.41 per share, indicating an 11% increase from the year-ago reported figure on 2.8% higher revenues of $8.61 billion.
Northbound Estimate Revision
The Zacks Consensus Estimate for BHF’s 2023 earnings has moved 1% north in the past 30 days. This should instill investors' confidence in the stock.
Earnings Surprise History
The life insurer has a solid record of beating earnings estimates in three of the last four quarters, while missing in one, the average beat being 23.18%.
Zacks Rank & Price Performance
Brighthouse Financial currently carries a Zacks Rank #3 (Hold). In the past year, the stock has gained 7.4% compared with the industry’s rise of 19.5%.
Image Source: Zacks Investment Research
Return on Equity
BHF’s return on equity for the trailing 12 months of 20.8% expanded 1,130 basis points year over year and compared favorably with the industry average of 14.7%. This reflects its efficiency in utilizing its shareholders’ funds.
Business Tailwinds
Brighthouse Financial is well-poised for growth, with solid performances by the Annuities and Life segments.
BHF remained focused on enhancing its product portfolio with the launch of Shield Level Pay Plus, which is an addition to the suite of Shield Annuities. In May 2023, the insurer enhanced the Shield Level Annuities product suite, including the launch of Shield options with Step Rate Edge, to help clients keep their retirement plans on track by providing additional growth opportunities in certain down markets.
The company launched Shield Level Pay Plus in 2022, which is an income solution and is being well-received in the market. BHF has been focused on offering a portfolio of products that help meet the evolving needs of clients.
Brighthouse Financial is one of the largest providers of life insurance products in the United States. Given the company’s expansive and compelling suite of life products, BHF should benefit from the growing individual insurance market. The insurer remains focused on ramping up sales of life insurance products and expanding its distribution network, aiming to become a premier player in the industry.
Net investment income has been exhibiting an improving trend over the past few quarters. Riding on asset growth, higher interest rates, a well-diversified and high-quality portfolio, and a conservative investment strategy, the insurer expects the metric to improve in the future.
Brighthouse Financial’s liquidity position remains robust, with more than $900 million of cash and liquid assets at the holding company as of the end of the third quarter. BHF exited the third quarter of 2023 with the combined risk-based capital ratio between 400% and 420%.
Given enhanced financial strength and flexibility, the company remains committed to returning capital to shareholders and intends to maintain an opportunistic share repurchase program to create significant value for stockholders. At present, BHF has $104 million remaining under its authorization.
Stocks to Consider
Some better-ranked stocks from the life insurance industry are Reinsurance Group of America, Incorporated RGA, Primerica, Inc. PRI and GoHealth, Inc. GOCO, carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Reinsurance Group has a decent record of beating the earnings surprise in three of the last four quarters, while missing once, the average beat being 18.81%.
The Zacks Consensus Estimate for RGA’s 2023 and 2024 earnings has moved 3.5% and 2.3% north, respectively, in the past 30 days. In the past year, RGA shares have gained 21.9%.
Primerica has a decent record of beating the earnings surprise in each of the last four quarters, the average beat being 7.84%.
The Zacks Consensus Estimate for PRI’s 2023 and 2024 earnings per share indicates year-over-year increases of 39.8% and 9.8%, respectively. In the past year, PRI shares have risen 52.1%.
The Zacks Consensus Estimate for GoHealth’s 2023 and 2024 revenues indicates year-over-year increases of 29.9% and 8.5%, respectively.
The Zacks Consensus Estimate for GOCO’s 2023 and 2024 earnings per share indicates year-over-year increases of 77.8% and 40.9%, respectively. In the past year, shares of GOCO have lost 0.7%.
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
Reinsurance Group of America, Incorporated (RGA) : Free Stock Analysis Report
Primerica, Inc. (PRI) : Free Stock Analysis Report
Brighthouse Financial, Inc. (BHF) : Free Stock Analysis Report
GoHealth, Inc. (GOCO) : 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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Growth Projections The Zacks Consensus Estimate for Brighthouse Financial’s 2023 earnings is pegged at $15.68 per share, indicating a 43.4% increase from the year-ago reported figure on 1.6% higher revenues of $8.38 billion. Riding on asset growth, higher interest rates, a well-diversified and high-quality portfolio, and a conservative investment strategy, the insurer expects the metric to improve in the future. Given enhanced financial strength and flexibility, the company remains committed to returning capital to shareholders and intends to maintain an opportunistic share repurchase program to create significant value for stockholders.
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Brighthouse Financial, Inc.’s BHF higher annuity sales, conservative investment strategy, asset growth, higher interest rates, a well-diversified and high-quality portfolio, and sufficient liquidity make it worth retaining in one’s portfolio. Stocks to Consider Some better-ranked stocks from the life insurance industry are Reinsurance Group of America, Incorporated RGA, Primerica, Inc. PRI and GoHealth, Inc. GOCO, carrying a Zacks Rank #2 (Buy) at present. Click to get this free report Reinsurance Group of America, Incorporated (RGA) : Free Stock Analysis Report Primerica, Inc. (PRI) : Free Stock Analysis Report Brighthouse Financial, Inc. (BHF) : Free Stock Analysis Report GoHealth, Inc. (GOCO) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Growth Projections The Zacks Consensus Estimate for Brighthouse Financial’s 2023 earnings is pegged at $15.68 per share, indicating a 43.4% increase from the year-ago reported figure on 1.6% higher revenues of $8.38 billion. Stocks to Consider Some better-ranked stocks from the life insurance industry are Reinsurance Group of America, Incorporated RGA, Primerica, Inc. PRI and GoHealth, Inc. GOCO, carrying a Zacks Rank #2 (Buy) at present. Click to get this free report Reinsurance Group of America, Incorporated (RGA) : Free Stock Analysis Report Primerica, Inc. (PRI) : Free Stock Analysis Report Brighthouse Financial, Inc. (BHF) : Free Stock Analysis Report GoHealth, Inc. (GOCO) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Growth Projections The Zacks Consensus Estimate for Brighthouse Financial’s 2023 earnings is pegged at $15.68 per share, indicating a 43.4% increase from the year-ago reported figure on 1.6% higher revenues of $8.38 billion. Stocks to Consider Some better-ranked stocks from the life insurance industry are Reinsurance Group of America, Incorporated RGA, Primerica, Inc. PRI and GoHealth, Inc. GOCO, carrying a Zacks Rank #2 (Buy) at present. Today, you can download 7 Best Stocks for the Next 30 Days.
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a596b550-e445-436f-9532-013343102b98
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713842.0
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2023-12-11 00:00:00 UTC
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Franklin (BEN) Hikes Dividends, Announces Share Buyback Plan
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https://www.nasdaq.com/articles/franklin-ben-hikes-dividends-announces-share-buyback-plan
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Franklin Resources, Inc. BEN announced a quarterly cash dividend of 31 cents per share, indicating a 3.3% sequential increase. The dividend will be paid out on Jan 12, 2024, to stockholders of record as of Jan 3, 2024.
Beside this, BEN’s board of directors authorized the company to repurchase 27.2 million shares of its common stock. This is in addition to the existing authorization, of which 12.8 million shares remained available for repurchase at November end. With the increase in share repurchase authorization, the company has up to 40 million shares available for repurchase.
Prior to this, it announced a 3.4% hike in the common stock dividend in December 2022. Impressively, BEN has raised its dividend every year since 1981. Also, it has a five-year annualized dividend growth rate of 3.5%. Currently, the company's payout ratio is 46% of earnings.
Franklin has a decent balance sheet. As of Sep 30, 2023, the company had a debt of $3.05 billion, which has been relatively stable over the past few quarters. The company’s liquidity (comprising cash and cash equivalents, receivables, and investments) as of the same date totaled $5.87 billion. Thus, a decent liquidity position and earnings strength reflect a lesser likelihood of defaulting on interest and debt repayments even if the economic situation worsens.
Given a robust capital position and lower dividend payout ratio than its peers, the company is expected to sustain efficient capital distribution activities. Such moves are likely to drive shareholder confidence in the stock.
Organic growth has been a key strength of Franklin over the years. Though revenues declined in fiscal 2023, it saw a compounded annual growth rate (CAGR) of 8% over the last four fiscal years (ended fiscal 2023). The company’s relatively strong distribution platform has increased diversification in flows across funds, vehicles and asset classes, as well as key businesses growth.
The company has been an early entrant in many foreign markets, enjoying a first-mover advantage. Hence, growth prospects bode well for the firm since the company continues to diversify its business to muster broader sources of revenues. Though we estimate revenues to decline 1.4% in fiscal 2024 on a challenging operating backdrop, the metric is expected to rise 3.9% and 3.3% in fiscal 2025 and 2026, respectively.
In the past six months, BEN shares have rallied 2.8%, compared with the 13.5% rise of its industry.
Image Source: Zacks Investment Research
Currently, BEN carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Other Banks Taking Similar Steps
United Bankshares, Inc. UBSI announced a hike in its quarterly dividend for the 50th consecutive year. The company declared a quarterly cash dividend of 37 cents per share, marking an increase of 2.8% from the prior quarter. The dividend will be paid out on Jan 2, 2024, to shareholders of record as of Dec 8.
Richard M. Adams, Jr., UBSI’s chief executive officer, stated, "Fifty years of dividend growth is a testament to our proven track record as a high performing company with a low risk profile."
U.S. Bancorp USB declared a quarterly cash dividend of 49 cents per share, marking an increase of 2.1% from the prior quarter. The dividend will be paid out on Jan 16, 2024, to shareholders of record as of Dec 29, 2023.
Prior to the recent hike, USB raised its dividend in September 2022 by 4.3% to 48 cents per share. Also, the company has a five-year annualized dividend growth of 5.7%. Currently, its payout ratio is 42% of earnings.
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
Franklin Resources, Inc. (BEN) : Free Stock Analysis Report
U.S. Bancorp (USB) : 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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Thus, a decent liquidity position and earnings strength reflect a lesser likelihood of defaulting on interest and debt repayments even if the economic situation worsens. Richard M. Adams, Jr., UBSI’s chief executive officer, stated, "Fifty years of dividend growth is a testament to our proven track record as a high performing company with a low risk profile." 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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The company declared a quarterly cash dividend of 37 cents per share, marking an increase of 2.8% from the prior quarter. U.S. Bancorp USB declared a quarterly cash dividend of 49 cents per share, marking an increase of 2.1% from the prior quarter. Click to get this free report Franklin Resources, Inc. (BEN) : Free Stock Analysis Report U.S. Bancorp (USB) : 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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The company declared a quarterly cash dividend of 37 cents per share, marking an increase of 2.8% from the prior quarter. U.S. Bancorp USB declared a quarterly cash dividend of 49 cents per share, marking an increase of 2.1% from the prior quarter. Click to get this free report Franklin Resources, Inc. (BEN) : Free Stock Analysis Report U.S. Bancorp (USB) : 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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Franklin Resources, Inc. BEN announced a quarterly cash dividend of 31 cents per share, indicating a 3.3% sequential increase. Organic growth has been a key strength of Franklin over the years. Though revenues declined in fiscal 2023, it saw a compounded annual growth rate (CAGR) of 8% over the last four fiscal years (ended fiscal 2023).
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397ced0d-0f41-45cc-ac34-2c6bb9571d38
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713843.0
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2023-12-11 00:00:00 UTC
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Are Industrial Products Stocks Lagging Axon Enterprise (AXON) This Year?
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https://www.nasdaq.com/articles/are-industrial-products-stocks-lagging-axon-enterprise-axon-this-year-2
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Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Has Axon Enterprise (AXON) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.
Axon Enterprise is a member of the Industrial Products sector. This group includes 216 individual stocks and currently holds a Zacks Sector Rank of #13. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Axon Enterprise is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for AXON's full-year earnings has moved 16.9% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that AXON has returned about 49.5% since the start of the calendar year. In comparison, Industrial Products companies have returned an average of 10.9%. As we can see, Axon Enterprise is performing better than its sector in the calendar year.
Xerox Holdings Corporation (XRX) is another Industrial Products stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 14.5%.
The consensus estimate for Xerox Holdings Corporation's current year EPS has increased 12% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Axon Enterprise belongs to the Security and Safety Services industry, which includes 19 individual stocks and currently sits at #46 in the Zacks Industry Rank. This group has lost an average of 1.3% so far this year, so AXON is performing better in this area.
On the other hand, Xerox Holdings Corporation belongs to the Office Supplies industry. This 3-stock industry is currently ranked #92. The industry has moved +18.3% year to date.
Investors with an interest in Industrial Products stocks should continue to track Axon Enterprise and Xerox Holdings Corporation. These stocks will be looking to continue their solid performance.
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
Axon Enterprise, Inc (AXON) : Free Stock Analysis Report
Xerox Holdings Corporation (XRX) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The consensus estimate for Xerox Holdings Corporation's current year EPS has increased 12% over the past three months. Investors with an interest in Industrial Products stocks should continue to track Axon Enterprise and Xerox Holdings Corporation. 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 group includes 216 individual stocks and currently holds a Zacks Sector Rank of #13. Investors with an interest in Industrial Products stocks should continue to track Axon Enterprise and Xerox Holdings Corporation. Click to get this free report Axon Enterprise, Inc (AXON) : Free Stock Analysis Report Xerox Holdings Corporation (XRX) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group. Looking more specifically, Axon Enterprise belongs to the Security and Safety Services industry, which includes 19 individual stocks and currently sits at #46 in the Zacks Industry Rank. Click to get this free report Axon Enterprise, Inc (AXON) : Free Stock Analysis Report Xerox Holdings Corporation (XRX) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Has Axon Enterprise (AXON) been one of those stocks this year? Xerox Holdings Corporation (XRX) is another Industrial Products stock that has outperformed the sector so far this year. This 3-stock industry is currently ranked #92.
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a7eda084-4e3d-4d40-b073-407dda2d4bab
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713844.0
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2023-12-11 00:00:00 UTC
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3 Huge Takeaways From McDonald's New Growth Plan
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https://www.nasdaq.com/articles/3-huge-takeaways-from-mcdonalds-new-growth-plan
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Its signature Big Mac sandwich has been selling for over 50 years, but McDonald's (NYSE: MCD) is hoping that's just the start. The fast-food giant just announced an ambitious new growth plan for the next several years as part of its annual shareholder update.
The strategy involves McDonald's doubling down on effective initiatives like new restaurant launches and its popular drive-thru business. Executives believe they can also boost profitability well above the current record level. Here's what this plan could mean for investors.
1. Adding more restaurants
McDonald's management team thinks there's plenty of room to expand the sales footprint from here. Its growth plan calls for boosting the global restaurant base by about 10,000, in fact, to 50,000 units over the next three years. About 2,000 new stores can fit in the U.S. market between now and 2027, executives project, with the remainder launching in big international markets like China.
That's an ambitious expansion pace that amounts to between 4% and 5% annual store growth over the next several years. Management says it will be "the fastest period of growth in the brand's history," which is notable considering how competitive the fast-food industry is right now.
2. Doubling down on what works
Mickey D's isn't struggling in the growth department today. Comparable-store sales in the most recent quarter were up 9% thanks to a healthy balance between higher customer traffic and increased spending per visit. That's about on par with the growth that Chipotle Mexican Grill has seen in recent quarters. It's enough to keep the chain near the top of the fast-food industry, too.
McDonald's is planning to double down on the positive factors that helped it achieve its impressive comp growth in the post-pandemic period. In addition to fundamentals like preparing high-quality food at attractive prices, executives see lots of opportunity in the digital ordering, delivery, and drive-thru spaces.
That last channel is exciting because McDonald's already commands a dominant market position even as more companies, including Chipotle, look to establish a bigger presence. Management credits its first-mover advantage over these rivals as a major asset because many of the best locations have been secured at attractive prices.
3. Setting profit records
The goal that will have the most direct impact on investor returns is McDonald's new profit target. Wall Street was thrilled to see its operating profit margin rise to a new record of 46% of sales in 2023 thanks to the combination of faster sales growth, higher prices, cost cuts, and added efficiencies.
Investors had been concerned that McDonald's hit a limit on its profitability after it finished its refranchising program before the pandemic struck. The last year of operating results have eased those concerns, but there's likely more improvement to come.
MCD Operating Margin (TTM) data by YCharts
McDonald's is targeting an even higher profit margin ahead through 2027, which means operating profitability could climb toward 50% of sales. Investors can expect those gains to translate into higher earnings and potentially an elevated valuation for the restaurant stock. There will likely be increased cash returns from stock buybacks and dividend payments as well.
These factors should all support excellent returns for patient shareholders, assuming McDonald's makes steady progress toward its 2027 goals over the next several years.
Should you invest $1,000 in McDonald's right now?
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Demitri Kalogeropoulos has positions in Chipotle Mexican Grill and McDonald's. The Motley Fool has positions in and recommends Chipotle Mexican Grill. 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 addition to fundamentals like preparing high-quality food at attractive prices, executives see lots of opportunity in the digital ordering, delivery, and drive-thru spaces. That last channel is exciting because McDonald's already commands a dominant market position even as more companies, including Chipotle, look to establish a bigger presence. These factors should all support excellent returns for patient shareholders, assuming McDonald's makes steady progress toward its 2027 goals over the next several years.
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Adding more restaurants McDonald's management team thinks there's plenty of room to expand the sales footprint from here. Wall Street was thrilled to see its operating profit margin rise to a new record of 46% of sales in 2023 thanks to the combination of faster sales growth, higher prices, cost cuts, and added efficiencies. Before you buy stock in McDonald's, 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 McDonald's wasn't one of them.
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MCD Operating Margin (TTM) data by YCharts McDonald's is targeting an even higher profit margin ahead through 2027, which means operating profitability could climb toward 50% of sales. Before you buy stock in McDonald's, 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 McDonald's wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 7, 2023 Demitri Kalogeropoulos has positions in Chipotle Mexican Grill and McDonald's.
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The fast-food giant just announced an ambitious new growth plan for the next several years as part of its annual shareholder update. Here's what this plan could mean for investors. Before you buy stock in McDonald's, 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 McDonald's wasn't one of them.
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a649c68a-3b4a-40fd-a032-c409adf86349
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713845.0
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2023-12-11 00:00:00 UTC
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Why This 1 Momentum Stock Could Be a Great Addition to Your Portfolio
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https://www.nasdaq.com/articles/why-this-1-momentum-stock-could-be-a-great-addition-to-your-portfolio-235
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value Score
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth Score
Growth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum Score
Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM Score
If you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank
The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Martin Marietta (MLM)
Based in Raleigh, NC, Martin Marietta Materials, Inc. produces and supplies construction aggregates and other heavy building materials, mainly cement, in the United States. The end uses of the company’s aggregates and cement are infrastructure, private residential and private non-residential construction. Railroad, agricultural, utility and environmental industries also use these products. The company supplies aggregates (crushed stone, sand and gravel) through its network of approximately 350 quarries, mines and distribution yards in 28 states, Canada and the Bahamas.
MLM is a #2 (Buy) on the Zacks Rank, with a VGM Score of A.
Momentum investors should take note of this Construction stock. MLM has a Momentum Style Score of B, and shares are up 7.2% over the past four weeks.
Seven analysts revised their earnings estimate higher in the last 60 days for fiscal 2023, while the Zacks Consensus Estimate has increased $0.98 to $18.44 per share. MLM also boasts an average earnings surprise of 37.3%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, MLM should be on investors' short list.
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
Martin Marietta Materials, Inc. (MLM) : 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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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. The company supplies aggregates (crushed stone, sand and gravel) through its network of approximately 350 quarries, mines and distribution yards in 28 states, Canada and the Bahamas. 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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The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. Stock to Watch: Martin Marietta (MLM) Based in Raleigh, NC, Martin Marietta Materials, Inc. produces and supplies construction aggregates and other heavy building materials, mainly cement, in the United States. Click to get this free report Martin Marietta Materials, Inc. (MLM) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days. Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
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What are the Zacks Style Scores? That's where the Style Scores come in. Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
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dfeb7cc6-d649-490c-b5d8-dc7401290bf7
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713846.0
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2023-12-11 00:00:00 UTC
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Biotech Stock Roundup: BLUE, CRSP & VRTX Get Gene Therapy Nod, ACAD Up on Patent News
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https://www.nasdaq.com/articles/biotech-stock-roundup%3A-blue-crsp-vrtx-get-gene-therapy-nod-acad-up-on-patent-news
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It was a busy week for the biotech sector, with important treatment approvals and other pipeline updates. Quite a few companies offered major updates on their key candidates. Among these, Vertex’s VRTX shares hit record high on positive news from a phase II study on its pain candidate and gene-editing deal.
Recap of the Week’s Most Important Stories:
FDA Nod for bluebird’s SCD Therapy: bluebird bio, Inc. BLUE obtained FDA approval for its third gene therapy, lovotibeglogene autotemcel (lovo-cel), for the treatment of sickle cell disease (SCD) in patients aged 12 and older who have a history of vaso-occlusive events (VOEs). The FDA approved lovo-cel under the brand name Lyfgenia.
The therapy’s label is based on data from patients from the phase I/II HGB-206 study. Safety data supporting the application includes data from 54 patients who initiated stem cell collection. Efficacy of the gene therapy was backed by data from 36 patients in the phase I/II HGB-206 Group C study following enhancements to the treatment and manufacturing processes made through the course of the clinical development program.
Data showed 32 patients were evaluable for the endpoints of complete resolution of VOEs and severe VOEs in the 6-18 months post-infusion, including eight adolescent patients. Severe vaso-occlusive events were resolved in 94% of patients in this cohort and 88.2% experienced no VOE at all.
However, shares of bluebird were down despite receiving the FDA’s approval for lovo-cel. This is primarily because of the boxed warning of hematologic malignancy issued with Lyfgenia’s label.
Vertex, CRISPR Win FDA Approvals: Vertex Pharmaceuticals Inc. VRTX and CRISPR Therapeutics CRSP announced that the FDA has approved Casgevy (exagamglogene autotemcel [exa-cel]) for the treatment of SCD for patients aged 12 years and older with recurrent vaso-occlusive crises (VOCs). Per the companies, Casgevy became the first CRISPR-based gene-editing therapy to be approved in the United States.
Vertex is leading the global development, manufacturing and commercialization of Casgevy in partnership with CRISPR Therapeutics. Vertex will make a $200 million milestone payment to CRISPR following the FDA’s approval of Casgevy, which will be capitalized and amortized to the cost of sales.
Vertex also announced positive results from a mid-stage dose-ranging study of VX-548 in people with painful diabetic peripheral neuropathy (DPN). VX-548 is an investigational oral, selective NaV1.8 inhibitor that is highly selective for NaV1.8 relative to other NaV channels. Results showed that treatment with the NaV1.8 inhibitor VX-548 led to a statistically significant and clinically meaningful reduction in the primary endpoint of change from baseline in the Numeric Pain Rating Scale (NPRS) at the end of week 12.
Secondary and other endpoints were supportive of the study’s primary endpoint. More than 30% of patients treated with VX-548 achieved more than 50% reduction in all dose groups, and more than 20% of patients in the mid-and high-dose groups achieved a greater than 70% reduction in the weekly average of NPRS at week 12 compared to baseline.
The candidate was generally well tolerated. Consequently, Vertex plans to advance VX-548 into pivotal development in diabetic peripheral neuropathic pain following discussions with regulators. Shares of Vertex surged on the impressive phase II results of this non-opioid pain drug, which, if successfully developed, will be a significant boost to VRTX’s portfolio, making the candidate an important alternative to otherwise available opioid pain drugs. The surge was attributable to a licensing deal with genome editing company, Editas Medicine EDIT.
CRISPR Therapeutics currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Editas, Vertex Collaborate: Editas Medicine entered into a license agreement with Vertex Pharmaceuticals. Per the terms, Vertex will obtain a non-exclusive license for Editas Medicine’s Cas9 gene editing technology for ex vivo gene editing medicines targeting the BCL11A gene in the fields of SCD and beta-thalassemia, including the recently approved SCD therapy Casgevy.
The infusion of cash from Vertex from this license agreement extends Editas Medicine’s cash runway into 2026. Editas Medicine is the exclusive licensee of certain CRISPR patent estates for making human medicines.
The company recently announced new safety and efficacy data for 17 patients treated with EDIT-301, now known as enizgamglogene autogedtemcel (reni-cel), from RUBY and EdiTHAL studies.
In both the RUBY and EdiTHAL trials to date, reni-cel has been well-tolerated and continues to demonstrate a safety profile consistent with myeloablative conditioning with busulfan and autologous hematopoietic stem cell transplant in all patients. All RUBY patients have been free of VOEs since treatment with reni-cel, while EdiTHAL patients had an early and robust increase of total hemoglobin, above the transfusion independence threshold of 9 g/dl. The promising preliminary results underscored the potential of this gene therapy, particularly in the safety aspect. The company continues dosing additional patients and will share further updates in mid-2024.
ACAD Surges on Patent Ruling: Acadia Pharmaceuticals Inc. ACAD announced that the U.S. District Court in Delaware passed a judgment strongly in favor of the company in its litigation against MSN Laboratories Pvt. Ltd., MSN Pharmaceuticals, Inc. and other abbreviated new drug application filers.
The court granted summary judgment to Acadia confirming the validity of the '740 composition of matter patent of lead drug for Nuplazid (pimavanserin). The ruling prevents generic drug manufacturers like MSN Laboratories from making low-cost generic versions of Acadia’s lead-marketed drug, Nuplazid. The ‘740 composition of matter patent protects Nuplazid exclusivity until 2030. Acadia’s stock surged on the favorable court ruling. The company markets two forms of Nuplazid, a 34mg capsule and a 10mg tablet, which are also protected by issued patents. The 34mg capsule is protected by multiple issued formulation patents until 2038, while the 10mg tablet is protected by an issued method of use patent until 2037.
Performance
The Nasdaq Biotechnology Index has gained 5.96% in the past five trading sessions. Among the biotech giants, Vertex has gained 14.58% during the period. Over the past six months, shares of Moderna have plunged 38.58%. (See the last biotech stock roundup here: Biotech Stock Roundup: EXEL Partners RCUS for Study, PHVS & EYPT Gain on Study Data).
Image Source: Zacks Investment Research
What's Next in Biotech?
Stay tuned for more pipeline updates.
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
Vertex Pharmaceuticals Incorporated (VRTX) : Free Stock Analysis Report
bluebird bio, Inc. (BLUE) : Free Stock Analysis Report
ACADIA Pharmaceuticals Inc. (ACAD) : Free Stock Analysis Report
Editas Medicine, Inc. (EDIT) : Free Stock Analysis Report
CRISPR Therapeutics AG (CRSP) : 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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Efficacy of the gene therapy was backed by data from 36 patients in the phase I/II HGB-206 Group C study following enhancements to the treatment and manufacturing processes made through the course of the clinical development program. Results showed that treatment with the NaV1.8 inhibitor VX-548 led to a statistically significant and clinically meaningful reduction in the primary endpoint of change from baseline in the Numeric Pain Rating Scale (NPRS) at the end of week 12. In both the RUBY and EdiTHAL trials to date, reni-cel has been well-tolerated and continues to demonstrate a safety profile consistent with myeloablative conditioning with busulfan and autologous hematopoietic stem cell transplant in all patients.
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Recap of the Week’s Most Important Stories: FDA Nod for bluebird’s SCD Therapy: bluebird bio, Inc. BLUE obtained FDA approval for its third gene therapy, lovotibeglogene autotemcel (lovo-cel), for the treatment of sickle cell disease (SCD) in patients aged 12 and older who have a history of vaso-occlusive events (VOEs). Vertex, CRISPR Win FDA Approvals: Vertex Pharmaceuticals Inc. VRTX and CRISPR Therapeutics CRSP announced that the FDA has approved Casgevy (exagamglogene autotemcel [exa-cel]) for the treatment of SCD for patients aged 12 years and older with recurrent vaso-occlusive crises (VOCs). Click to get this free report Vertex Pharmaceuticals Incorporated (VRTX) : Free Stock Analysis Report bluebird bio, Inc. (BLUE) : Free Stock Analysis Report ACADIA Pharmaceuticals Inc. (ACAD) : Free Stock Analysis Report Editas Medicine, Inc. (EDIT) : Free Stock Analysis Report CRISPR Therapeutics AG (CRSP) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Recap of the Week’s Most Important Stories: FDA Nod for bluebird’s SCD Therapy: bluebird bio, Inc. BLUE obtained FDA approval for its third gene therapy, lovotibeglogene autotemcel (lovo-cel), for the treatment of sickle cell disease (SCD) in patients aged 12 and older who have a history of vaso-occlusive events (VOEs). Vertex, CRISPR Win FDA Approvals: Vertex Pharmaceuticals Inc. VRTX and CRISPR Therapeutics CRSP announced that the FDA has approved Casgevy (exagamglogene autotemcel [exa-cel]) for the treatment of SCD for patients aged 12 years and older with recurrent vaso-occlusive crises (VOCs). Click to get this free report Vertex Pharmaceuticals Incorporated (VRTX) : Free Stock Analysis Report bluebird bio, Inc. (BLUE) : Free Stock Analysis Report ACADIA Pharmaceuticals Inc. (ACAD) : Free Stock Analysis Report Editas Medicine, Inc. (EDIT) : Free Stock Analysis Report CRISPR Therapeutics AG (CRSP) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Efficacy of the gene therapy was backed by data from 36 patients in the phase I/II HGB-206 Group C study following enhancements to the treatment and manufacturing processes made through the course of the clinical development program. Per the terms, Vertex will obtain a non-exclusive license for Editas Medicine’s Cas9 gene editing technology for ex vivo gene editing medicines targeting the BCL11A gene in the fields of SCD and beta-thalassemia, including the recently approved SCD therapy Casgevy. The company continues dosing additional patients and will share further updates in mid-2024.
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5db24cfe-1661-4991-9165-1699c3a34700
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713847.0
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2023-12-11 00:00:00 UTC
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Why CrowdStrike Holdings (CRWD) is a Top Momentum Stock for the Long-Term
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DCOMP
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https://www.nasdaq.com/articles/why-crowdstrike-holdings-crwd-is-a-top-momentum-stock-for-the-long-term
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nan
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nan
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth Score
While good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum Score
Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM Score
If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: CrowdStrike Holdings (CRWD)
Founded in 2011, Sunnyvale, CA-based CrowdStrike is a leader in next-generation endpoint protection, threat intelligence and cyberattack response services.
CRWD is a #2 (Buy) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Computer and Technology stock. CRWD has a Momentum Style Score of A, and shares are up 23.4% over the past four weeks.
For fiscal 2024, 14 analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.11 to $2.93 per share. CRWD boasts an average earnings surprise of 16.6%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, CRWD should be on investors' short list.
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
CrowdStrike (CRWD) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum. The New Gold Rush: How Lithium Batteries Will Make Millionaires As the electric vehicle revolution expands, investors have a chance to target huge gains.
|
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier. Click to get this free report CrowdStrike (CRWD) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier. Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
|
The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. CRWD is a #2 (Buy) on the Zacks Rank, with a VGM Score of B.
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df233448-0cd4-475b-a7e8-9a16cfb6df3f
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713848.0
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2023-12-11 00:00:00 UTC
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Why Atlassian (TEAM) is a Top Momentum Stock for the Long-Term
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DCOMP
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https://www.nasdaq.com/articles/why-atlassian-team-is-a-top-momentum-stock-for-the-long-term
|
nan
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nan
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It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores?
The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth Score
Growth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum Score
Momentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM Score
What if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Atlassian (TEAM)
Atlassian is a global leader and innovator in the enterprise collaboration and workflow software space. The company offers a suite of cloud-based software solutions, which help organizations, collaborate and manage their workforce, such that the teams work better together.
TEAM is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Computer and Technology stock. TEAM has a Momentum Style Score of B, and shares are up 14.9% over the past four weeks.
For fiscal 2024, 10 analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.26 to $2.39 per share. TEAM boasts an average earnings surprise of 41%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, TEAM should be on investors' short list.
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
Atlassian Corporation PLC (TEAM) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy. The New Gold Rush: How Lithium Batteries Will Make Millionaires As the electric vehicle revolution expands, investors have a chance to target huge gains.
|
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
|
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. The Style Scores are broken down into four categories: Value Score Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
|
What are the Zacks Style Scores? But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day. That's where the Style Scores come in.
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e38177e7-9db2-4f87-a29b-1a43f24b553a
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713849.0
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2023-12-11 00:00:00 UTC
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Here's Why DocuSign (DOCU) is a Strong Momentum Stock
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DCOMP
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https://www.nasdaq.com/articles/heres-why-docusign-docu-is-a-strong-momentum-stock
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nan
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nan
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It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores?
The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth Score
Growth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum Score
Momentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM Score
What if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: DocuSign (DOCU)
Founded in 2003 and headquartered in San Francisco, DocuSign is a global provider of cloud-based software. The company’s DocuSign Agreement Cloud is a cloud software suite that automates and connects the entire agreement process.
DOCU is a #1 (Strong Buy) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Business Services stock. DOCU has a Momentum Style Score of A, and shares are up 29.4% over the past four weeks.
For fiscal 2024, eight analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.22 to $2.84 per share. DOCU boasts an average earnings surprise of 24.7%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, DOCU should be on investors' short list.
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
DocuSign (DOCU) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy. The New Gold Rush: How Lithium Batteries Will Make Millionaires As the electric vehicle revolution expands, investors have a chance to target huge gains.
|
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
|
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. The Style Scores are broken down into four categories: Value Score Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
|
What are the Zacks Style Scores? That's where the Style Scores come in. DOCU is a #1 (Strong Buy) on the Zacks Rank, with a VGM Score of B.
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e3399f46-13b4-4c5f-8471-59f4c8763824
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713850.0
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2023-12-11 00:00:00 UTC
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Here's Why Kroger (KR) is a Strong Momentum Stock
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DCOMP
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https://www.nasdaq.com/articles/heres-why-kroger-kr-is-a-strong-momentum-stock
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nan
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nan
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It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores?
The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
For value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth Score
Growth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Kroger (KR)
The Kroger Co., which operates in the thin-margin grocery industry, has been undergoing a complete makeover, not only with respect to products but also in terms of the way consumers prefer shopping grocery. The company is focusing on plant-based products as well as eyeing technological expansion. It acquired meal kit company Home Chef and partnered with British online grocery delivery firm Ocado that reinforces its position in the online ordering, automated fulfillment and home delivery space. It has also introduced grocery delivery service Kroger Ship and inked a deal with driverless car company Nuro.
KR is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Momentum investors should take note of this Retail-Wholesale stock. KR has a Momentum Style Score of A, and shares are up 0.5% over the past four weeks.
Seven analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.05 to $4.57 per share. KR also boasts an average earnings surprise of 6.4%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, KR should be on investors' short list.
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
The Kroger Co. (KR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum. The New Gold Rush: How Lithium Batteries Will Make Millionaires As the electric vehicle revolution expands, investors have a chance to target huge gains.
|
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates. How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
|
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier. The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
|
What are the Zacks Style Scores? That's where the Style Scores come in. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B.
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1a900920-7280-45d0-b45a-03baeca458e5
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713851.0
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2023-12-11 00:00:00 UTC
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US natgas prices tick up with spotlight on weekly storage report
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DCOMP
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https://www.nasdaq.com/articles/us-natgas-prices-tick-up-with-spotlight-on-weekly-storage-report
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nan
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nan
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Dec 14 (Reuters) - U.S. natural gas futures crept higher on Thursday, while the market focus shifted to the weekly storage report due later in the day
Analysts forecast U.S. utilities pulled 54 billion cubic feet (bcf) of gas out of storage during the week ended Dec. 8. This compares to 46 bcf during the same week a year ago and a five-year (2018-2022) average decrease of 81 bcf for this time of year. If correct, that would cut the stockpile to 3.665 trillion cubic feet (tcf), about 7.2% above the same week a year ago and 7.7% above the five-year average. EIA/GAS
Front-month gas futures NGc1 for January delivery on the New York Mercantile Exchange were up 2.3 cents, or 1.0%, to $2.36 per million British thermal units (mmBtu) at 9:31 a.m. EST (1431 GMT).
LSEG forecast U.S. gas demand in the Lower 48 states, including exports, at 125.2 bcfd this week and 125.4 bcfd next week, compared to last week's 121.4 bcfd. Next week's forecasts were higher than LSEG's outlook on Wednesday.
"There is some seasonal demand as the weather is chilly and there is also some short covering," said Thomas Saal, senior vice president for energy at StoneX Financial.
Despite the small price gain, with production at record levels, milder weather and ample amounts of gas in storage, the futures market has been sending bearish signals for weeks that futures prices for this winter (November-March) had likely already peaked in November. The contract was down more than 21% for November and hit a six-month low on Wednesday.
LSEG said average gas output in the Lower 48 U.S. states has risen to 108.4 bcfd so far in December from a record 108.3 bcfd in November.
Saal added that the "market will remain sluggish if weather remains above normal over most of the country. If forecasts change and it gets colder, then prices will firm and maybe back up to $3."
Some analysts have reduced their U.S. demand forecasts after Exxon Mobil XOM.N delayed the start of first LNG production at its 2.3-billion-cubic-feet-per-day (bcfd) Golden Pass export plant under construction in Texas to the first half of 2025 from the second half of 2024.
The U.S. is on track to become the world's biggest LNG supplier in 2023, ahead of recent leaders Australia and Qatar. Much higher global prices have fed demand for U.S. exports due in part to supply disruptions and sanctions linked to the war in Ukraine.
Gas was trading around $11 per mmBtu at the Dutch Title Transfer Facility (TTF) benchmark in Europe TRNLTTFMc1 and $15 at the Japan Korea Marker (JKM) in Asia JKMc1. NG/EU
Week ended Dec 8 Forecast
Week ended Dec 1 Actual
Year ago Dec 8
Five-year average
Dec 8
U.S. weekly natgas storage change (bcf):
-54
-117
-46
-81
U.S. total natgas in storage (bcf):
3,665
3,719
3,419
3,404
U.S. total storage versus 5-year average
7.7%
6.7%
Global Gas Benchmark Futures ($ per mmBtu)
Current Day
Prior Day
This Month Last Year
Prior Year Average 2022
Five Year Average (2017-2021)
Henry Hub NGc1
2.34
2.30
5.77
6.54
2.89
Title Transfer Facility (TTF) TRNLTTFMc1
11.29
11.22
36.68
40.50
7.49
Japan Korea Marker (JKM) JKMc1
15.45
15.62
32.34
34.11
8.95
LSEG Heating (HDD), Cooling (CDD) and Total (TDD) Degree Days
Two-Week Total Forecast
Current Day
Prior Day
Prior Year
10-Year Norm
30-Year Norm
U.S. GFS HDDs
329.6
320
338
354
366
U.S. GFS CDDs
1.2
1
12
6
5
U.S. GFS TDDs
330.8
321
350
360
371
LSEG U.S. Weekly GFS Supply and Demand Forecasts
Prior Week
Current Week
Next Week
This Week Last Year
Five-Year (2018-2022) Average For Month
U.S. Supply (bcfd)
U.S. Lower 48 Dry Production
108.1
108.8
108.8
102.8
94.2
U.S. Imports from Canada8
8.8
8.6
8.9
10.0
9.1
U.S. LNG Imports
0.0
0.0
0.0
0.0
0.2
Total U.S. Supply
116.9
117.5
117.7
112.8
103.5
U.S. Demand (bcfd)
U.S. Exports to Canada
3.3
3.4
3.4
3.4
3.2
U.S. Exports to Mexico
3.9
3.8
4.8
5.2
5.0
U.S. LNG Exports
14.5
14.7
14.1
12.6
8.6
U.S. Commercial
13.2
13.9
13.7
15.4
14.6
U.S. Residential
20.9
22.3
21.9
25.8
24.7
U.S. Power Plant
33.2
34.3
34.7
30.4
28.6
U.S. Industrial
24.3
24.7
24.7
24.7
25.0
U.S. Plant Fuel
5.3
5.4
5.4
5.3
5.3
U.S. Pipe Distribution
2.7
2.8
2.7
2.7
2.9
U.S. Vehicle Fuel
0.1
0.1
0.1
0.1
0.1
Total U.S. Consumption
99.8
103.4
103.2
104.4
101.2
Total U.S. Demand
121.4
125.2
125.4
125.6
118.0
U.S. Northwest River Forecast Center (NWRFC) at The Dalles Dam
Current Day % of Normal Forecast
Prior Day % of Normal Forecast
2023
% of Normal Actual
2022 % of Normal Actual
2021 % of Normal Actual
Apr-Sep
83
82
83
107
81
Jan-Jul
81
82
77
102
79
Oct-Sep
82
83
76
103
81
U.S. weekly power generation percent by fuel - EIA
Week ended Dec 15
Week ended Dec 8
Week ended Dec 1
Week ended Nov 24
Week ended Nov 17
Wind
12
12
10
11
9
Solar
3
3
3
3
3
Hydro
6
5
6
6
6
Other
2
2
2
2
2
Petroleum
0
Natural Gas
40
40
42
39
42
Coal
17
17
17
16
17
Nuclear
20
21
20
22
21
SNL U.S. Natural Gas Next-Day Prices ($ per mmBtu)
Hub
Current Day
Prior Day
Henry Hub NG-W-HH-SNL
2.33
2.37
Transco Z6 New York NG-CG-NY-SNL
2.04
2.10
PG&E Citygate NG-CG-PGE-SNL
4.22
4.04
Eastern Gas (old Dominion South) NG-PCN-APP-SNL
1.74
1.86
Chicago Citygate NG-CG-CH-SNL
2.02
2.16
Algonquin Citygate NG-CG-BS-SNL
3.20
4.00
SoCal Citygate NG-SCL-CGT-SNL
4.25
4.15
Waha Hub NG-WAH-WTX-SNL
1.85
2.00
AECO NG-ASH-ALB-SNL
1.66
1.22
SNL U.S. Power Next-Day Prices ($ per megawatt-hour)
Hub
Current Day
Prior Day
New England EL-PK-NPMS-SNL
35.50
38.25
PJM West EL-PK-PJMW-SNL
38.25
39.50
Ercot North EL-PK-ERTN-SNL
23.50
21.00
Mid C EL-PK-MIDC-SNL
62.13
59.08
Palo Verde EL-PK-PLVD-SNL
56.25
43.25
SP-15 EL-PK-SP15-SNL
54.50
49.00
(Reporting by Anjana Anil and Ashitha Shivaprasad in Bengaluru; Editing by Paul Simao)
((Anjana.Anil@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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EIA/GAS Front-month gas futures NGc1 for January delivery on the New York Mercantile Exchange were up 2.3 cents, or 1.0%, to $2.36 per million British thermal units (mmBtu) at 9:31 a.m. EST (1431 GMT). Much higher global prices have fed demand for U.S. exports due in part to supply disruptions and sanctions linked to the war in Ukraine. Gas was trading around $11 per mmBtu at the Dutch Title Transfer Facility (TTF) benchmark in Europe TRNLTTFMc1 and $15 at the Japan Korea Marker (JKM) in Asia JKMc1.
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LSEG forecast U.S. gas demand in the Lower 48 states, including exports, at 125.2 bcfd this week and 125.4 bcfd next week, compared to last week's 121.4 bcfd. NG/EU Week ended Dec 8 Forecast Week ended Dec 1 Actual Year ago Dec 8 Five-year average Dec 8 U.S. weekly natgas storage change (bcf): -54 -117 -46 -81 U.S. total natgas in storage (bcf): 3,665 3,719 3,419 3,404 U.S. total storage versus 5-year average 7.7% 6.7% Global Gas Benchmark Futures ($ per mmBtu) Current Day Prior Day This Month Last Year Prior Year Average 2022 Five Year Average (2017-2021) Henry Hub NGc1 2.34 2.30 5.77 6.54 2.89 Title Transfer Facility (TTF) TRNLTTFMc1 11.29 11.22 36.68 40.50 7.49 Japan Korea Marker (JKM) JKMc1 15.45 15.62 32.34 34.11 8.95 LSEG Heating (HDD), Cooling (CDD) and Total (TDD) Degree Days Two-Week Total Forecast Current Day Prior Day Prior Year 10-Year Norm 30-Year Norm U.S. GFS HDDs 329.6 320 338 354 366 U.S. GFS CDDs 1.2 1 12 6 5 U.S. GFS TDDs 330.8 321 350 360 371 LSEG U.S. Weekly GFS Supply and Demand Forecasts Prior Week Current Week Next Week This Week Last Year Five-Year (2018-2022) Average For Month U.S. Supply (bcfd) U.S. Lower 48 Dry Production 108.1 108.8 108.8 102.8 94.2 U.S. Imports from Canada8 8.8 8.6 8.9 10.0 9.1 U.S. LNG Imports 0.0 0.0 0.0 0.0 0.2 Total U.S. Supply 116.9 117.5 117.7 112.8 103.5 U.S. Demand (bcfd) U.S. Exports to Canada 3.3 3.4 3.4 3.4 3.2 U.S. Exports to Mexico 3.9 3.8 4.8 5.2 5.0 U.S. LNG Exports 14.5 14.7 14.1 12.6 8.6 U.S. Commercial 13.2 13.9 13.7 15.4 14.6 U.S. Consumption 99.8 103.4 103.2 104.4 101.2 Total U.S. Demand 121.4 125.2 125.4 125.6 118.0 U.S. Northwest River Forecast Center (NWRFC) at The Dalles Dam Current Day % of Normal Forecast Prior Day % of Normal Forecast 2023 % of Normal Actual 2022 % of Normal Actual 2021 % of Normal Actual Apr-Sep 83 82 83 107 81 Jan-Jul 81 82 77 102 79 Oct-Sep 82 83 76 103 81 U.S. weekly power generation percent by fuel - EIA Week ended Dec 15 Week ended Dec 8 Week ended Dec 1 Week ended Nov 24 Week ended Nov 17 Wind 12 12 10 11 9 Solar 3 3 3 3 3 Hydro 6 5 6 6 6 Other 2 2 2 2 2 Petroleum 0 Natural Gas 40 40 42 39 42 Coal 17 17 17 16 17 Nuclear 20 21 20 22 21 SNL U.S. Natural Gas Next-Day Prices ($ per mmBtu) Hub Current Day Prior Day Henry Hub NG-W-HH-SNL 2.33 2.37 Transco Z6 New York NG-CG-NY-SNL 2.04 2.10 PG&E Citygate NG-CG-PGE-SNL 4.22 4.04 Eastern Gas (old Dominion South) NG-PCN-APP-SNL 1.74 1.86 Chicago Citygate NG-CG-CH-SNL 2.02 2.16 Algonquin Citygate NG-CG-BS-SNL 3.20 4.00 SoCal Citygate NG-SCL-CGT-SNL 4.25 4.15 Waha Hub NG-WAH-WTX-SNL 1.85 2.00
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LSEG forecast U.S. gas demand in the Lower 48 states, including exports, at 125.2 bcfd this week and 125.4 bcfd next week, compared to last week's 121.4 bcfd. NG/EU Week ended Dec 8 Forecast Week ended Dec 1 Actual Year ago Dec 8 Five-year average Dec 8 U.S. weekly natgas storage change (bcf): -54 -117 -46 -81 U.S. total natgas in storage (bcf): 3,665 3,719 3,419 3,404 U.S. total storage versus 5-year average 7.7% 6.7% Global Gas Benchmark Futures ($ per mmBtu) Current Day Prior Day This Month Last Year Prior Year Average 2022 Five Year Average (2017-2021) Henry Hub NGc1 2.34 2.30 5.77 6.54 2.89 Title Transfer Facility (TTF) TRNLTTFMc1 11.29 11.22 36.68 40.50 7.49 Japan Korea Marker (JKM) JKMc1 15.45 15.62 32.34 34.11 8.95 LSEG Heating (HDD), Cooling (CDD) and Total (TDD) Degree Days Two-Week Total Forecast Current Day Prior Day Prior Year 10-Year Norm 30-Year Norm U.S. GFS HDDs 329.6 320 338 354 366 U.S. GFS CDDs 1.2 1 12 6 5 U.S. GFS TDDs 330.8 321 350 360 371 LSEG U.S. Weekly GFS Supply and Demand Forecasts Prior Week Current Week Next Week This Week Last Year Five-Year (2018-2022) Average For Month U.S. Supply (bcfd) U.S. Lower 48 Dry Production 108.1 108.8 108.8 102.8 94.2 U.S. Imports from Canada8 8.8 8.6 8.9 10.0 9.1 U.S. LNG Imports 0.0 0.0 0.0 0.0 0.2 Total U.S. Supply 116.9 117.5 117.7 112.8 103.5 U.S. Demand (bcfd) U.S. Exports to Canada 3.3 3.4 3.4 3.4 3.2 U.S. Exports to Mexico 3.9 3.8 4.8 5.2 5.0 U.S. LNG Exports 14.5 14.7 14.1 12.6 8.6 U.S. Commercial 13.2 13.9 13.7 15.4 14.6 U.S. Consumption 99.8 103.4 103.2 104.4 101.2 Total U.S. Demand 121.4 125.2 125.4 125.6 118.0 U.S. Northwest River Forecast Center (NWRFC) at The Dalles Dam Current Day % of Normal Forecast Prior Day % of Normal Forecast 2023 % of Normal Actual 2022 % of Normal Actual 2021 % of Normal Actual Apr-Sep 83 82 83 107 81 Jan-Jul 81 82 77 102 79 Oct-Sep 82 83 76 103 81 U.S. weekly power generation percent by fuel - EIA Week ended Dec 15 Week ended Dec 8 Week ended Dec 1 Week ended Nov 24 Week ended Nov 17 Wind 12 12 10 11 9 Solar 3 3 3 3 3 Hydro 6 5 6 6 6 Other 2 2 2 2 2 Petroleum 0 Natural Gas 40 40 42 39 42 Coal 17 17 17 16 17 Nuclear 20 21 20 22 21 SNL U.S. Natural Gas Next-Day Prices ($ per mmBtu) Hub Current Day Prior Day Henry Hub NG-W-HH-SNL 2.33 2.37 Transco Z6 New York NG-CG-NY-SNL 2.04 2.10 PG&E Citygate NG-CG-PGE-SNL 4.22 4.04 Eastern Gas (old Dominion South) NG-PCN-APP-SNL 1.74 1.86 Chicago Citygate NG-CG-CH-SNL 2.02 2.16 Algonquin Citygate NG-CG-BS-SNL 3.20 4.00 SoCal Citygate NG-SCL-CGT-SNL 4.25 4.15 Waha Hub NG-WAH-WTX-SNL 1.85 2.00
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Dec 14 (Reuters) - U.S. natural gas futures crept higher on Thursday, while the market focus shifted to the weekly storage report due later in the day Analysts forecast U.S. utilities pulled 54 billion cubic feet (bcf) of gas out of storage during the week ended Dec. 8. LSEG forecast U.S. gas demand in the Lower 48 states, including exports, at 125.2 bcfd this week and 125.4 bcfd next week, compared to last week's 121.4 bcfd. NG/EU Week ended Dec 8 Forecast Week ended Dec 1 Actual Year ago Dec 8 Five-year average Dec 8 U.S. weekly natgas storage change (bcf): -54 -117 -46 -81 U.S. total natgas in storage (bcf): 3,665 3,719 3,419 3,404 U.S. total storage versus 5-year average 7.7% 6.7% Global Gas Benchmark Futures ($ per mmBtu) Current Day Prior Day This Month Last Year Prior Year Average 2022 Five Year Average (2017-2021) Henry Hub NGc1 2.34 2.30 5.77 6.54 2.89 Title Transfer Facility (TTF) TRNLTTFMc1 11.29 11.22 36.68 40.50 7.49 Japan Korea Marker (JKM) JKMc1 15.45 15.62 32.34 34.11 8.95 LSEG Heating (HDD), Cooling (CDD) and Total (TDD) Degree Days Two-Week Total Forecast Current Day Prior Day Prior Year 10-Year Norm 30-Year Norm U.S. GFS HDDs 329.6 320 338 354 366 U.S. GFS CDDs 1.2 1 12 6 5 U.S. GFS TDDs 330.8 321 350 360 371 LSEG U.S. Weekly GFS Supply and Demand Forecasts Prior Week Current Week Next Week This Week Last Year Five-Year (2018-2022) Average For Month U.S. Supply (bcfd) U.S. Lower 48 Dry Production 108.1 108.8 108.8 102.8 94.2 U.S. Imports from Canada8 8.8 8.6 8.9 10.0 9.1 U.S. LNG Imports 0.0 0.0 0.0 0.0 0.2 Total U.S. Supply 116.9 117.5 117.7 112.8 103.5 U.S. Demand (bcfd) U.S. Exports to Canada 3.3 3.4 3.4 3.4 3.2 U.S. Exports to Mexico 3.9 3.8 4.8 5.2 5.0 U.S. LNG Exports 14.5 14.7 14.1 12.6 8.6 U.S. Commercial 13.2 13.9 13.7 15.4 14.6 U.S.
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86691522-0e3a-4d37-8c6f-85f0e57abc13
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713852.0
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2023-12-11 00:00:00 UTC
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Where Will Apple Stock Be in 5 Years?
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DCOMP
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https://www.nasdaq.com/articles/where-will-apple-stock-be-in-5-years
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nan
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nan
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You probably already know Apple (NASDAQ: AAPL) is the world's biggest company (as measured by market capitalization) as well as one of the planet's most profitable corporations. And for good reason. This is the company behind the world's single most popular smartphone, after all, and it garners fierce loyalty from users thanks to the world's most popular ecosystem of apps and other digital content.
As veteran investors can attest, though, you shouldn't buy stocks based on where their underlying companies were, or even are. You own them for where they're going.
This raises two important questions about Apple and its stock: Where will the company be five years from now, and what might that mean for Apple shares?
Spoiler alert: Current Apple investors will like the outlook but probably won't love it.
Slowing down where it hurts the most
Come 2028, Apple will still be a technology powerhouse. The company's highest-growth days, however, are largely in the past.
Nowhere is this more clearly represented than with a visualization of the company's historical iPhone revenue and iPhone deliveries. Even before the COVID-19 pandemic took hold in 2020, iPhone sales were stagnant, even teetering on the verge of measurable decline. The pandemic itself actually helped spur a wave of iPhone purchases, but that swell wasn't meant to last. Both iPhone revenue as well as deliveries are easing back to pre-pandemic levels, sinking more than they're growing.
iPhone revenue data source: Apple Inc. iPhone unit deliveries data source: IDC. Chart by author. Revenue data is in billions. Unit-delivery data is in millions.
It matters simply because the iPhone still accounts for around half of Apple's revenue. Just for the record, demand for Apple's other products has also been lackluster since peaking in the middle of last year.
Data source: Apple Inc. Chart by author. Figures are in billions.
Some of this slowdown could be attributed to economic malaise and inflation. Much of it, however, may simply reflect market saturation. The company has confirmed there are now more than 2 billion Apple-made devices (mostly iPhones) currently in use. That's obviously not the whole world, but it is a sizable chunk of the total addressable market.
People are holding onto their existing Apple-made devices for longer periods of time, crimping demand for upgrade purchases. Analysts with brokerage Morgan Stanley estimate the average iPhone is now a record-breaking 4.4 years old.
Here's the good news: Morgan Stanley also believes the likely debut of the iPhone 16 next year will unleash a wave of upgrade buying that's been put on hold for a while now. Even so, such upgrade cycles haven't exactly been game-changers for Apple. The bigger-picture, longer-term revenue trend is still mostly moving sideways rather than moving higher.
Services to the rescue ... somewhat
All is not lost. While product-revenue growth is flattening out, Apple's services revenue (sales of apps and digital content) continues to grow.
Perhaps recognizing there are only so many iPhones that can be sold in any given year -- just as there are only so many people who will ever want to own one -- the company began taking its app store more seriously back in 2017. And in retrospect, it was a brilliant move. While its services arm is Apple's distant second-biggest business in terms of revenue, it's still an incredibly profitable one. Around 70% of its services revenue is turned into gross profit, and services alone make up roughly one-third of Apple's gross profits.
Data source: Apple Inc. Chart by author. Revenue and gross profit figures are in billions.
The graphic above tells us something else about Apple's digital content business too. That is, despite last year's lull, this arm is still growing, reaching a record-breaking $22.3 billion worth of revenue during the three months ending in September.
We don't know where Apple's services business-revenue ceiling is. What we do know is the annualized revenue figure of $100 billion is being tossed around rather regularly now. That's roughly $15 billion more than its current annualized revenue run rate and makes sense as a target.
Beyond that milestone, however, the growth picture for Apple's services arm turns murky.
In the same sense that there's an absolute limit to the number of iPhone users and the number of iPhones that can be sold in any given year, there's also a limit to how many apps and how much digital content even the heaviest users of Apple's products will be willing to pay for. The planet's 2 billion-plus iOS users are currently spending an average of around $44 per year on services that make more use of their Apple-made devices. It's tough to see them spending a great deal more on this front than they already do.
Connecting the dots
So what does it all mean looking forward?
Again, nobody's got a crystal ball. What's known is where Apple stands right now, and analysts have a good feel for the trends behind the company's two biggest businesses -- the iPhone and services.
It's conceivable Apple's iPhone arm isn't going to be any bigger in five years than it is right now. It's also likely that Apple's services arm will become a $100-billion-a-year business by 2028, but it's difficult to see it getting much bigger than that. Sales of Apple's other products, like iPads and Macs, may grow a little during this time frame, although even that's a tough expectation to get behind given their lackluster results of late.
To the extent a number helps paint the picture, Apple's top line could easily be less than $500 billion in 2028. That's 30% more than the recently ended fiscal year's revenue, but it's a growth rate that's also very un-Apple-like.
The analyst community is slightly more bullish (although only slightly), calling for 2028 sales of around $550 billion. Even then, it's still not exactly a thrilling growth outlook. Earnings-growth projections don't exactly help the bullish argument much either.
Data source: StockAnalysis.com. Chart by author. Revenue figures are in billions.
As for the stock, here's where current and prospective Apple investors will likely catch a break; this ticker tends to move in step with the company's growth no matter how fast or slow that growth is. Presuming the sales and earnings-based pricing paradigm remains in place, the stock's current price near $200 could be closer to $300 five years from now.
The one potential game-changer is if Apple comes up with a new and completely unexpected must-have product that could shake up these expectations for the better. There's no such product even on the radar, though. So don't get your hopes up in that regard.
Should you invest $1,000 in Apple right now?
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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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Here's the good news: Morgan Stanley also believes the likely debut of the iPhone 16 next year will unleash a wave of upgrade buying that's been put on hold for a while now. The planet's 2 billion-plus iOS users are currently spending an average of around $44 per year on services that make more use of their Apple-made devices. Sales of Apple's other products, like iPads and Macs, may grow a little during this time frame, although even that's a tough expectation to get behind given their lackluster results of late.
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iPhone revenue data source: Apple Inc. iPhone unit deliveries data source: IDC. Around 70% of its services revenue is turned into gross profit, and services alone make up roughly one-third of Apple's gross profits. In the same sense that there's an absolute limit to the number of iPhone users and the number of iPhones that can be sold in any given year, there's also a limit to how many apps and how much digital content even the heaviest users of Apple's products will be willing to pay for.
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This raises two important questions about Apple and its stock: Where will the company be five years from now, and what might that mean for Apple shares? iPhone revenue data source: Apple Inc. iPhone unit deliveries data source: IDC. Before you buy stock in Apple, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Apple wasn't one of them.
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Revenue data is in billions. As for the stock, here's where current and prospective Apple investors will likely catch a break; this ticker tends to move in step with the company's growth no matter how fast or slow that growth is. Before you buy stock in Apple, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Apple wasn't one of them.
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010bb2f2-fa3a-47c8-83a0-c0ca7fad0f13
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713853.0
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2023-12-11 00:00:00 UTC
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Partnerships Aid Affiliated Managers (AMG) Amid Cost Woes
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DCOMP
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https://www.nasdaq.com/articles/partnerships-aid-affiliated-managers-amg-amid-cost-woes
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nan
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nan
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Affiliated Managers Group, Inc.’s AMG diverse product offerings, robust assets under management (AUM) balance and global distribution capability will likely keep driving top-line growth. A robust liquidity position is expected to support its investments in alternatives, thereby generating solid earnings.
Analysts seem optimistic regarding the company’s earnings growth prospects. The Zacks Consensus Estimate for AMG’s 2023 earnings has moved 4% higher over the past 60 days.
However, steady net client cash outflows are worrisome and will likely hurt the company’s financials. Also, mounting operating expenses might adversely impact bottom-line growth. Thus, Affiliated Managers currently carries a Zacks Rank #3 (Hold).
Over the past six months, shares of AMG have lost 4.8% against the industry’s growth of 9.1%.
Image Source: Zacks Investment Research
Looking at its fundamentals, though Affiliated Managers’ consolidated revenues declined in the first nine months of 2023, owing to the challenging operating backdrop, the metric witnessed a three-year (ended 2022) compound annual growth rate (CAGR) of 1.3%.
While the uncertainty of the capital market performance is expected to weigh on the top line to some extent in the near term, the company’s portfolio of investment products provides a competitive edge when it comes to fulfilling the diverse needs of clients.
Moreover, Affiliated Managers, with its strong balance sheet and liquidity position, has considerable capability to invest in other companies and generate meaningful growth through new investments. In October 2023, it acquired a minority stake in Ara Partners, while in August, the company acquired a minority equity interest in Forbion Group Holding B.V. Management projects the deals to add 2-3% to economic earnings per share on an annualized basis.
In September, AMG divested its stake in Veritable, LP for $294 million in cash. In October 2022, AMG sold its minority interest in Baring Private Equity Asia to EQT AB and received $240 million in cash and 28.68 million EQT ordinary shares. Going forward, AMG is targeting investments in private markets and liquid alternatives, given the strong investor preference for the same.
However, while the company’s consolidated expenses declined in the first nine months of 2023, the metric witnessed a CAGR of 1.1% over the three-year period that ended in 2022. Overall costs are expected to remain elevated due to advertising campaigns, hiring, inflation and technology upgrades. Our estimates for total consolidated expenses suggest seeing a CAGR of 1.6% by 2025.
Also, Affiliated Managers’ affiliates have been witnessing overall net outflows over the past few years. Net client cash outflows were $23.1 billion in the first nine months of 2023, $33 billion in 2022, $18.5 billion in 2021, $61.8 billion in 2020 and $53.5 billion in 2019. Though the company’s differentiated product categories are likely to support cash flows across channels, a tough operating backdrop is expected to keep investors on the sidelines in the near term.
Stocks Worth a Look
A couple of better-ranked stocks from the finance space are Prospect Capital Corporation PSEC and Horizon Technology Finance Corporation HRZN.
Earnings estimates for PSEC have been revised 8.1% upward for the current fiscal year over the past 60 days. The company’s share price has decreased 5.4% over the past three months. PSEC currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Horizon Technology also flaunts a Zacks Rank of 1 at present. Its earnings estimates have been revised upward by 7.6% for the current year over the past 60 days. In the past three months, HRZN’s share price has increased 7.2%.
The New Gold Rush: How Lithium Batteries Will Make Millionaires
As the electric vehicle revolution expands, investors have a chance to target huge gains. 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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Affiliated Managers Group, Inc. (AMG) : Free Stock Analysis Report
Horizon Technology Finance Corporation (HRZN) : Free Stock Analysis Report
Prospect Capital Corporation (PSEC) : 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 Looking at its fundamentals, though Affiliated Managers’ consolidated revenues declined in the first nine months of 2023, owing to the challenging operating backdrop, the metric witnessed a three-year (ended 2022) compound annual growth rate (CAGR) of 1.3%. While the uncertainty of the capital market performance is expected to weigh on the top line to some extent in the near term, the company’s portfolio of investment products provides a competitive edge when it comes to fulfilling the diverse needs of clients. Though the company’s differentiated product categories are likely to support cash flows across channels, a tough operating backdrop is expected to keep investors on the sidelines in the near term.
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Image Source: Zacks Investment Research Looking at its fundamentals, though Affiliated Managers’ consolidated revenues declined in the first nine months of 2023, owing to the challenging operating backdrop, the metric witnessed a three-year (ended 2022) compound annual growth rate (CAGR) of 1.3%. Stocks Worth a Look A couple of better-ranked stocks from the finance space are Prospect Capital Corporation PSEC and Horizon Technology Finance Corporation HRZN. Click to get this free report Affiliated Managers Group, Inc. (AMG) : Free Stock Analysis Report Horizon Technology Finance Corporation (HRZN) : Free Stock Analysis Report Prospect Capital Corporation (PSEC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Image Source: Zacks Investment Research Looking at its fundamentals, though Affiliated Managers’ consolidated revenues declined in the first nine months of 2023, owing to the challenging operating backdrop, the metric witnessed a three-year (ended 2022) compound annual growth rate (CAGR) of 1.3%. Moreover, Affiliated Managers, with its strong balance sheet and liquidity position, has considerable capability to invest in other companies and generate meaningful growth through new investments. Click to get this free report Affiliated Managers Group, Inc. (AMG) : Free Stock Analysis Report Horizon Technology Finance Corporation (HRZN) : Free Stock Analysis Report Prospect Capital Corporation (PSEC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Thus, Affiliated Managers currently carries a Zacks Rank #3 (Hold). Also, Affiliated Managers’ affiliates have been witnessing overall net outflows over the past few years. Today, you can download 7 Best Stocks for the Next 30 Days.
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6ea1f05b-2492-4d8c-b2ce-bca660b7238e
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713854.0
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2023-12-11 00:00:00 UTC
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Should Value Investors Buy Customers Bancorp (CUBI) Stock?
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DCOMP
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https://www.nasdaq.com/articles/should-value-investors-buy-customers-bancorp-cubi-stock-0
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nan
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nan
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Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One company value investors might notice is Customers Bancorp (CUBI). CUBI is currently holding a Zacks Rank of #1 (Strong Buy) and a Value grade of A. The stock has a Forward P/E ratio of 7.19. This compares to its industry's average Forward P/E of 10.04. Over the last 12 months, CUBI's Forward P/E has been as high as 7.34 and as low as 2.82, with a median of 5.29.
Another valuation metric that we should highlight is CUBI's P/B ratio of 1.07. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. CUBI's current P/B looks attractive when compared to its industry's average P/B of 1.79. CUBI's P/B has been as high as 1.09 and as low as 0.39, with a median of 0.75, over the past year.
Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. CUBI has a P/S ratio of 1.18. This compares to its industry's average P/S of 1.88.
Finally, we should also recognize that CUBI has a P/CF ratio of 9.83. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 10.97. CUBI's P/CF has been as high as 10.05 and as low as 2.81, with a median of 5.20, all within the past year.
These are only a few of the key metrics included in Customers Bancorp's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, CUBI looks like an impressive value stock at the moment.
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
Customers Bancorp, Inc (CUBI) : 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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But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. 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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Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large. Click to get this free report Customers Bancorp, Inc (CUBI) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today. Click to get this free report Customers Bancorp, Inc (CUBI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today. Value investors also use the P/S ratio. CUBI has a P/S ratio of 1.18.
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4bb30a91-7cb4-428c-8ac4-b9910f852b9a
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713855.0
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2023-12-11 00:00:00 UTC
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Should Value Investors Buy Allete (ALE) Stock?
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DCOMP
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https://www.nasdaq.com/articles/should-value-investors-buy-allete-ale-stock
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nan
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nan
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Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One company value investors might notice is Allete (ALE). ALE is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A.
We also note that ALE holds a PEG ratio of 1.81. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. ALE's industry has an average PEG of 2.08 right now. Over the past 52 weeks, ALE's PEG has been as high as 2.38 and as low as 1.50, with a median of 1.76.
We should also highlight that ALE has a P/B ratio of 1.03. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 2.06. ALE's P/B has been as high as 1.13 and as low as 0.85, with a median of 1.03, over the past year.
Finally, we should also recognize that ALE has a P/CF ratio of 7.01. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 10. ALE's P/CF has been as high as 8.83 and as low as 5.82, with a median of 8.02, all within the past year.
If you're looking for another solid Utility - Electric Power value stock, take a look at Vistra (VST). VST is a # 2 (Buy) stock with a Value score of A.
Furthermore, Vistra holds a P/B ratio of 3.90 and its industry's price-to-book ratio is 2.06. VST's P/B has been as high as 3.90, as low as 2.68, with a median of 3.11 over the past 12 months.
Value investors will likely look at more than just these metrics, but the above data helps show that Allete and Vistra are likely undervalued currently. And when considering the strength of its earnings outlook, ALE and VST sticks out as one of the market's strongest value stocks.
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
Allete, Inc. (ALE) : Free Stock Analysis Report
Vistra Corp. (VST) : 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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But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. 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 metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Click to get this free report Allete, Inc. (ALE) : Free Stock Analysis Report Vistra Corp. (VST) : 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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Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Click to get this free report Allete, Inc. (ALE) : Free Stock Analysis Report Vistra Corp. (VST) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today. This company's current P/CF looks solid when compared to its industry's average P/CF of 10. Furthermore, Vistra holds a P/B ratio of 3.90 and its industry's price-to-book ratio is 2.06.
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2698ce45-463d-4628-b90c-f111d035c936
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713856.0
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2023-12-11 00:00:00 UTC
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Should Value Investors Buy Pilgrim's Pride (PPC) Stock?
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DCOMP
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https://www.nasdaq.com/articles/should-value-investors-buy-pilgrims-pride-ppc-stock-1
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nan
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nan
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Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One company value investors might notice is Pilgrim's Pride (PPC). PPC is currently holding a Zacks Rank of #1 (Strong Buy) and a Value grade of A. The stock has a Forward P/E ratio of 10.62. This compares to its industry's average Forward P/E of 19.58. Over the last 12 months, PPC's Forward P/E has been as high as 18.61 and as low as 5.97, with a median of 13.98.
Finally, our model also underscores that PPC has a P/CF ratio of 13.61. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. PPC's current P/CF looks attractive when compared to its industry's average P/CF of 13.66. Over the past 52 weeks, PPC's P/CF has been as high as 14.03 and as low as 4.04, with a median of 6.27.
These are only a few of the key metrics included in Pilgrim's Pride's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, PPC looks like an impressive value stock at the moment.
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
Pilgrim's Pride Corporation (PPC) : 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.
|
But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. The New Gold Rush: How Lithium Batteries Will Make Millionaires As the electric vehicle revolution expands, investors have a chance to target huge gains.
|
Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today. Click to get this free report Pilgrim's Pride Corporation (PPC) : 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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On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today. Click to get this free report Pilgrim's Pride Corporation (PPC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today. One company value investors might notice is Pilgrim's Pride (PPC). Want the latest recommendations from Zacks Investment Research?
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1eddaa60-3072-41dc-9d3f-2910e8d17008
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713857.0
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2023-12-11 00:00:00 UTC
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AAR (AIR) Reports Next Week: Wall Street Expects Earnings Growth
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DCOMP
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https://www.nasdaq.com/articles/aar-air-reports-next-week%3A-wall-street-expects-earnings-growth
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nan
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nan
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The market expects AAR (AIR) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended November 2023. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on December 21, 2023, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on theearnings call it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus Estimate
This airplane maintenance company is expected to post quarterly earnings of $0.81 per share in its upcoming report, which represents a year-over-year change of +17.4%.
Revenues are expected to be $558.1 million, up 18.8% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has been revised 2.2% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Earnings Whisper
Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for AAR?
For AAR, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.62%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination makes it difficult to conclusively predict that AAR will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?
Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that AAR would post earnings of $0.73 per share when it actually produced earnings of $0.78, delivering a surprise of +6.85%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
Bottom Line
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
AAR doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
An Industry Player's Expected Results
Heico Corporation (HEI), another stock in the Zacks Aerospace - Defense Equipment industry, is expected to report earnings per share of $0.70 for the quarter ended November 2023. This estimate points to no change from the year-ago quarter. Revenues for the quarter are expected to be $880.32 million, up 44.4% from the year-ago quarter.
The consensus EPS estimate for Heico Corporation has been revised 0.6% higher over the last 30 days to the current level. However, a higher Most Accurate Estimate has resulted in an Earnings ESP of 9.47%.
This Earnings ESP, combined with its Zacks Rank #3 (Hold), suggests that Heico Corporation will most likely beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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
AAR Corp. (AIR) : Free Stock Analysis Report
Heico Corporation (HEI) : 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 widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on theearnings call it's worth handicapping the probability of a positive EPS surprise. Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
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The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Click to get this free report AAR Corp. (AIR) : Free Stock Analysis Report Heico Corporation (HEI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For AAR, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects.
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The earnings report, which is expected to be released on December 21, 2023, might help the stock move higher if these key numbers are better than expectations. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). This Earnings ESP, combined with its Zacks Rank #3 (Hold), suggests that Heico Corporation will most likely beat the consensus EPS estimate.
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ef57ad67-85af-4e5a-b31d-a4a22b8293cc
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713858.0
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2023-12-11 00:00:00 UTC
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John Bean (JBT) Submits Revised Proposal to Acquire Marel
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DCOMP
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https://www.nasdaq.com/articles/john-bean-jbt-submits-revised-proposal-to-acquire-marel
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John Bean Technologies Corporation JBT has submitted a revised and significantly improved proposal to acquire all of the outstanding common stock of Marel hf. ("Marel"). This move aligns with JBT’s goal of making acquisitions that offer significant synergy potential, while maintaining a healthy balance sheet and strategic flexibility in the future.
In November 2023, JBT submitted a non-binding initial proposal to Marel hf. for a voluntary takeover.
The amended offer from JBT to purchase all of Marel's outstanding common stock is pegged at €3.40 per share (ISK511 per share, based on an ISK/EUR exchange rate of 150.3), which represents a 46% premium over Marel's unaffected closing share price on Nov 23, 2023. This offer is 17% higher than Marel's closing share price on Dec 13, 2023.
Headquartered in Iceland, Marel is a multi-national food processing company. It manufactures equipment and provides other services to the poultry, meat and fish industries.
John Bean received an irrevocable undertaking and entered exclusivity regarding shares owned by Eyrir Invest hf., which holds 24.7% of Marel’s shares.
The merger of JBT and Marel brings together two companies with complementary product portfolios, market-leading brands and cutting-edge technologies. Customers of both companies will benefit considerably from a broader range of processing capabilities, supported by a strong global network for aftermarket parts and services.
JBT aims for a mutually beneficial agreement with Marel at the earliest. However, the finalization of this transaction is subject to JBT's board of directors’ approval.
John Bean maintains a solid and disciplined balance sheet. Its free cash flow in the first nine months of 2023 was around $62 million. At the end of the third quarter of 2023, the company’s leverage ratio was 0.5X net debt to trailing 12 months’ pro-forma adjusted EBITDA due to the sale of AeroTech. The company achieved a 107% free cash flow conversion in the third quarter of 2023. It expects the conversion rate to be more stable going forward.
In 2022, John Bean introduced its Elevate 2.0 strategy, which is expected to drive continued growth and margin expansion for the company. It reported adjusted earnings of $1.11 per share in third-quarter 2023, 16% higher than the prior-year quarter. The figure beat the Zacks Consensus Estimate of 99 cents per share. High order levels, pricing actions and gains from the company’s restructuring actions were instrumental in driving the improved quarterly results.
Revenues in the third quarter were $404 million, increasing 1.2% from the year-ago quarter. A 3% contribution from acquisitions was offset by a 2% decline in organic revenues. The top line lagged the Zacks Consensus Estimate of $419 million.
Price Performance
John Bean’s shares have gained 17.7% in the past year compared with the industry’s 12.3% growth.
Image Source: Zacks Investment Research
Zacks Rank & Stocks to Consider
John Bean currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the Industrial Products sector are Crane Company CR, Applied Industrial Technologies AIT and A. O. Smith Corporation AOS.
CR currently sports a Zacks Rank #1 (Strong Buy), and AIT and AOS carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Crane Company’s 2023 earnings per share is pegged at $4.18. The consensus estimate for 2023 earnings has been unchanged in the past 60 days. The company has a trailing four-quarter average earnings surprise of 29.8%. CR shares have rallied 33.7% in a year.
Applied Industrial has an average trailing four-quarter earnings surprise of 15%. The Zacks Consensus Estimate for AIT’s 2023 earnings is pinned at $9.43 per share, which indicates year-over-year growth of 7.8%. Estimates have moved up 4% in the past 60 days. The company’s shares have gained 27.2% in a year.
The Zacks Consensus Estimate for A. O. Smith’s 2023 earnings is pegged at $3.77 per share. The consensus estimate for 2023 earnings has moved 5% north in the past 60 days and suggests year-over-year growth of 20.1%. The company has a trailing four-quarter average earnings surprise of 14%. AOS shares have gained 29.4% 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
A. O. Smith Corporation (AOS) : Free Stock Analysis Report
Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report
Crane Company (CR) : Free Stock Analysis Report
John Bean Technologies Corporation (JBT) : 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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John Bean Technologies Corporation JBT has submitted a revised and significantly improved proposal to acquire all of the outstanding common stock of Marel hf. This move aligns with JBT’s goal of making acquisitions that offer significant synergy potential, while maintaining a healthy balance sheet and strategic flexibility in the future. Customers of both companies will benefit considerably from a broader range of processing capabilities, supported by a strong global network for aftermarket parts and services.
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Image Source: Zacks Investment Research Zacks Rank & Stocks to Consider John Bean currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks from the Industrial Products sector are Crane Company CR, Applied Industrial Technologies AIT and A. O. Smith Corporation AOS. Click to get this free report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report Crane Company (CR) : Free Stock Analysis Report John Bean Technologies Corporation (JBT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The amended offer from JBT to purchase all of Marel's outstanding common stock is pegged at €3.40 per share (ISK511 per share, based on an ISK/EUR exchange rate of 150.3), which represents a 46% premium over Marel's unaffected closing share price on Nov 23, 2023. Image Source: Zacks Investment Research Zacks Rank & Stocks to Consider John Bean currently carries a Zacks Rank #3 (Hold). Click to get this free report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report Crane Company (CR) : Free Stock Analysis Report John Bean Technologies Corporation (JBT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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("Marel"). Price Performance John Bean’s shares have gained 17.7% in the past year compared with the industry’s 12.3% growth. Some better-ranked stocks from the Industrial Products sector are Crane Company CR, Applied Industrial Technologies AIT and A. O. Smith Corporation AOS.
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712da85c-140f-4e38-b00b-9fef6f2f3d63
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713859.0
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2023-12-11 00:00:00 UTC
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Zacks Industry Outlook Highlights S&P Global Verisk Analytics, Inc. and Dun & Bradstreet Holdings
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DCOMP
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https://www.nasdaq.com/articles/zacks-industry-outlook-highlights-sp-global-verisk-analytics-inc.-and-dun-bradstreet
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For Immediate Release
Chicago, IL – December 14, 2023 – Today, Zacks Equity Research discusses S&P Global Inc. SPGI, Verisk Analytics, Inc. VRSK and Dun & Bradstreet Holdings, Inc. DNB.
Industry: Business - Information Services
Link: https://www.zacks.com/commentary/2197486/3-business-information-stocks-to-watch-amid-industry-woes
The increased adoption and success of the work-from-home trend are enabling the Zacks Business – Information Services industry to address the rising demand for services that ensure risk mitigation, cost reduction and productivity improvement. The heightening technology adoption is benefiting companies like S&P Global Inc., Verisk Analytics, Inc. and Dun & Bradstreet Holdings, Inc., supporting them to offer digitally-transformed, personalized and value-added services.
About the Industry
The Zacks Business – Information Services industry comprises companies that offer a range of services, including software, data, risks, research, information and analytics solutions. These companies operate in a dynamic business environment characterized by evolving customer behavior, preferences and demographics.
The key focus within the industry is currently on channeling money and efforts toward more effective operational components, such as technology, digital transformation and data-driven decision-making, to identify demand sources and target end markets. Prominent players include ratings, benchmarks, analytics, data provider S&P Global and the provider of data analytics solutions, Verisk Analytics.
3 Trends Shaping the Future of the Information Industry
Healthy Demand Environment: The industry is mature and has witnessed a progressively growing business environment in the past few years. Revenues, income and free cash flows are likely to see healthy growth during the post-pandemic economic improvement.
Demand for Customer-Centric Solutions: The pandemic has stoked a many-fold increase in demand for specific solutions that ensure risk mitigation, cost reduction and productivity improvement. These, in turn, have opened up more business opportunities for industry players. These companies are now modifying their business strategies to offer more customer-centric solutions.
Increased Adoption of Technologies: Digital transformation, automation in assembling and the use of big data in enhancing business information will fuel the industry's growth in the days to come. Companies are shifting from conventional data solutions to technical and domain-specific expertise, data analytics solutions, financial consultancy and operational consultancy services.
Zacks Industry Rank Indicates Dull Near-Term Prospects
The Business – Information Services industry is housed within the broader Zacks Business Services sector. It carries a Zacks Industry Rank #233, which places it in the bottom 7% of more than 250 Zacks industries.
The group's Industry Rank, which is the average of the Zacks Rank of all the member stocks, indicates underperformance in the near term. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than two to one.
Before we present a few stocks that you may want to consider for your portfolio, let's take a look at the industry's recent stock-market performance and current valuation.
Industry's Price Performance
Over the past year, the Zacks Business – Information Services industry has outperformed the Zacks Business Services sector but underperformed the S&P 500 composite.
The industry has risen 14.1% compared with the S&P 500 composite and the broader sector's growth of 16.2% and 12%, respectively, in the said time frame.
Industry's Current Valuation
On the basis of the forward 12-month price-to-earnings (P/E), which is commonly used for valuing business information services stocks, the industry is currently trading at 27.78X compared with the S&P 500's 19.36X and the sector's 24.6X.
Over the past five years, the industry has traded as high as 27.53X and as low as 21.13X, with a median of 25.69X.
3 Business Information Service Stocks in Focus
We have presented three stocks that are well-positioned to grow in the near term.
Verisk Analytics: This provider of data analytics solutions to the insurance markets has a robust growth strategy that focuses on organic growth, product development and acquisitions. Verisk continues to invest in people, data sets, analytic solutions, technology and complementary businesses to keep itself updated with changing requirements in the markets it serves.
The company is maintaining its focus on increasing solution penetration with customers, developing new proprietary databases and predictive analytics, and expanding into new customer sectors. We expect the company's organic revenues to increase more than 9% in 2023.
The recent acquisition of Morning Data has improved and expanded Verisk's solutions for straight-through processing and distribution to the underserved, coverholders, SME brokers, MGAs, captives and insurers.
Verisk currently carries a Zacks Rank #3 (Hold). The Zacks Consensus Estimate for 2023 EPS has remained unchanged at $5.72 in the past 60 days. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
S&P Global: The company provides ratings, benchmarks, analytics and data to the capital and commodity markets. Currently, successful operations from remote locations, along with productivity programs, have been benefiting its top line.
The recent acquisition of Market Scan Information Systems has strengthened the company's mobility offering. Another acquisition, ChartIQ, has strengthened S&P Global Market Intelligence. We expect the company's revenues to grow 11.3% in 2023.
S&P Global also carries a Zacks Rank #3. The Zacks Consensus Estimate for 2023 EPS has increased 0.6% to $12.57 in the past 60 days.
Dun & Bradstreet: This business decisioning, data and analytics provider also carries a Zacks Rank #3. The company is currently benefiting from an increasing number of clients and partners. Its business remains in good shape across North America and Internationally. DNB's revenues increased 5.8% year over year in the third quarter of 2023.
The Zacks Consensus Estimate for 2023 EPS has remained unchanged at 98 cents in the past 60 days.
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Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
The New Gold Rush: How Lithium Batteries Will Make Millionaires
As the electric vehicle revolution expands, investors have a chance to target huge gains. Millions of lithium batteries are being made & demand is expected to increase 889%.
Download the brand-new FREE report revealing 5 EV battery stocks set to soar.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dun & Bradstreet Holdings, Inc. (DNB) : Free Stock Analysis Report
Verisk Analytics, Inc. (VRSK) : Free Stock Analysis Report
S&P Global Inc. (SPGI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For Immediate Release Chicago, IL – December 14, 2023 – Today, Zacks Equity Research discusses S&P Global Inc. SPGI, Verisk Analytics, Inc. VRSK and Dun & Bradstreet Holdings, Inc. DNB. The key focus within the industry is currently on channeling money and efforts toward more effective operational components, such as technology, digital transformation and data-driven decision-making, to identify demand sources and target end markets. The recent acquisition of Morning Data has improved and expanded Verisk's solutions for straight-through processing and distribution to the underserved, coverholders, SME brokers, MGAs, captives and insurers.
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About the Industry The Zacks Business – Information Services industry comprises companies that offer a range of services, including software, data, risks, research, information and analytics solutions. Prominent players include ratings, benchmarks, analytics, data provider S&P Global and the provider of data analytics solutions, Verisk Analytics. Click to get this free report Dun & Bradstreet Holdings, Inc. (DNB) : Free Stock Analysis Report Verisk Analytics, Inc. (VRSK) : Free Stock Analysis Report S&P Global Inc. (SPGI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Industry: Business - Information Services Link: https://www.zacks.com/commentary/2197486/3-business-information-stocks-to-watch-amid-industry-woes The increased adoption and success of the work-from-home trend are enabling the Zacks Business – Information Services industry to address the rising demand for services that ensure risk mitigation, cost reduction and productivity improvement. About the Industry The Zacks Business – Information Services industry comprises companies that offer a range of services, including software, data, risks, research, information and analytics solutions. Industry's Price Performance Over the past year, the Zacks Business – Information Services industry has outperformed the Zacks Business Services sector but underperformed the S&P 500 composite.
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About the Industry The Zacks Business – Information Services industry comprises companies that offer a range of services, including software, data, risks, research, information and analytics solutions. Industry's Price Performance Over the past year, the Zacks Business – Information Services industry has outperformed the Zacks Business Services sector but underperformed the S&P 500 composite. Verisk Analytics: This provider of data analytics solutions to the insurance markets has a robust growth strategy that focuses on organic growth, product development and acquisitions.
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20209306-0556-4b69-a7d7-aba950ea175f
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713860.0
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2023-12-11 00:00:00 UTC
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Macerich (MAC) Soars 8.0%: Is Further Upside Left in the Stock?
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DCOMP
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https://www.nasdaq.com/articles/macerich-mac-soars-8.0%3A-is-further-upside-left-in-the-stock
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Macerich (MAC) shares ended the last trading session 8% higher at $14.58. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 18.5% gain over the past four weeks.
This increased optimism stems from the favorable fundamentals of the retail real estate market and the broader sector.
This shopping center real estate investment trust is expected to post quarterly funds from operations (FFO) of $0.55 per share in its upcoming report, which represents a year-over-year change of +3.8%. Revenues are expected to be $241.87 million, up 6% from the year-ago quarter.
While FFO and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in FFO estimate revisions and near-term stock price movements.
For Macerich, the consensus FFO per share estimate for the quarter has been revised marginally lower over the last 30 days to the current level. And a negative trend in FFO estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on MAC 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 >>>>
Macerich belongs to the Zacks REIT and Equity Trust - Retail industry. Another stock from the same industry, Simon Property (SPG), closed the last trading session 3.6% higher at $139.26. Over the past month, SPG has returned 11.3%.
For Simon Property, the consensus FFO per share estimate for the upcoming report has changed +0.2% over the past month to $3.33. This represents a change of +5.7% from what the company reported a year ago. Simon Property 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
Macerich Company (The) (MAC) : Free Stock Analysis Report
Simon Property Group, Inc. (SPG) : 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 shopping center real estate investment trust is expected to post quarterly funds from operations (FFO) of $0.55 per share in its upcoming report, which represents a year-over-year change of +3.8%. For Macerich, the consensus FFO per share estimate for the quarter has been revised marginally lower over the last 30 days to the current level. 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 shopping center real estate investment trust is expected to post quarterly funds from operations (FFO) of $0.55 per share in its upcoming report, which represents a year-over-year change of +3.8%. For Simon Property, the consensus FFO per share estimate for the upcoming report has changed +0.2% over the past month to $3.33. Click to get this free report Macerich Company (The) (MAC) : Free Stock Analysis Report Simon Property Group, Inc. (SPG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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This shopping center real estate investment trust is expected to post quarterly funds from operations (FFO) of $0.55 per share in its upcoming report, which represents a year-over-year change of +3.8%. While FFO and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in FFO estimate revisions and near-term stock price movements. Click to get this free report Macerich Company (The) (MAC) : Free Stock Analysis Report Simon Property Group, Inc. (SPG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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This shopping center real estate investment trust is expected to post quarterly funds from operations (FFO) of $0.55 per share in its upcoming report, which represents a year-over-year change of +3.8%. For Macerich, the consensus FFO per share estimate for the quarter has been revised marginally lower over the last 30 days to the current level. For Simon Property, the consensus FFO per share estimate for the upcoming report has changed +0.2% over the past month to $3.33.
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6f89d38a-9f57-4d7b-a2e9-b51af7acfcb5
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713861.0
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2023-12-11 00:00:00 UTC
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Validea's Top Communication Services Stocks Based On Benjamin Graham - 12/14/2023
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DCOMP
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https://www.nasdaq.com/articles/valideas-top-communication-services-stocks-based-on-benjamin-graham-12-14-2023
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The following are the top rated Communication Services stocks according to Validea's Value Investor model based on the published strategy of Benjamin Graham. This deep value methodology screens for stocks that have low P/B and P/E ratios, along with low debt and solid long-term earnings growth.
HUYA INC - ADR (HUYA) is a small-cap stock in the Business Services industry. The rating according to our strategy based on Benjamin Graham is 71% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: HUYA Inc is a China-based holding company principally engaged in the operation of game live streaming platforms. The Company cooperates with e-sports event organizers, game developers and publishers to develop e-sports live streaming. Its game contents include gameplay, e-sports tournament events and other e-sports game shows. The Company also offers non-game entertainment content, such as talent shows, anime and outdoor activities. The Company's platforms include its Huya Live mobile application (app), website www.huya.com, and personal computer (PC) clients. It also develops and operates certain mobile games jointly with third-party distribution platforms, and game-related apps. The Company has also created an interactive online community in which a range of functions are provided for the users, including bullet chatting, real-time commenting and gifting. The Company conducts its businesses in domestic market.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SECTOR: PASS
SALES: PASS
CURRENT RATIO: PASS
LONG-TERM DEBT IN RELATION TO NET CURRENT ASSETS: PASS
LONG-TERM EPS GROWTH: FAIL
P/E RATIO: FAIL
PRICE/BOOK RATIO: PASS
Detailed Analysis of HUYA INC - ADR
HUYA Guru Analysis
HUYA Fundamental Analysis
GRAY TELEVISION, INC. (GTN) is a small-cap value stock in the Broadcasting & Cable TV industry. The rating according to our strategy based on Benjamin Graham is 71% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Gray Television, Inc. is a multimedia company that owns local television stations and digital assets in the United States. The Company operates through two segments: broadcasting and production companies. The broadcasting segment operates television stations in local markets in the United States. The production companies segment includes the production of television and event content. It serves approximately 113 television markets in the United States. Its portfolio includes approximately 79 markets with the top-rated television station and 101 markets with the first and/or second rated television station. It also owns video program companies Raycom Sports, Tupelo Media Group, PowerNation Studios, as well as the studio production facilities Assembly Atlanta and Third Rail Studios. Its network affiliations include the Big Four networks and many smaller networks. Its stations also provide content through digital platforms, including a local station website and one or more digital apps.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SECTOR: PASS
SALES: PASS
CURRENT RATIO: FAIL
LONG-TERM DEBT IN RELATION TO NET CURRENT ASSETS: FAIL
LONG-TERM EPS GROWTH: PASS
P/E RATIO: PASS
PRICE/BOOK RATIO: PASS
Detailed Analysis of GRAY TELEVISION, INC.
GTN Guru Analysis
GTN Fundamental Analysis
VERIZON COMMUNICATIONS INC. (VZ) is a large-cap value stock in the Communications Services industry. The rating according to our strategy based on Benjamin Graham is 71% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Verizon Communications Inc. is a holding company. The Company, through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses, and governmental agencies. Its reportable segments are Verizon Consumer Group and Verizon Business Group. Its Consumer segment provides wireless and wireline communications services. Its wireless services are provided across wireless networks in the United States (U.S.) under the Verizon brand. Its wireline services are provided in nine states in the Mid-Atlantic and Northeastern U.S., as well as Washington D.C., over its fiber-optic network under the Fios brand and over a traditional copper-based network. Its Business segment provides wireless and wireline communications services and products, including data, video and conferencing services, security and managed network services, local and long-distance voice services and network access to deliver various Internet of Things services and products.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SECTOR: PASS
SALES: PASS
CURRENT RATIO: FAIL
LONG-TERM DEBT IN RELATION TO NET CURRENT ASSETS: FAIL
LONG-TERM EPS GROWTH: PASS
P/E RATIO: PASS
PRICE/BOOK RATIO: PASS
Detailed Analysis of VERIZON COMMUNICATIONS INC.
VZ Guru Analysis
VZ Fundamental Analysis
Benjamin Graham Portfolio
Top Benjamin Graham Stocks
About Benjamin Graham: The late Benjamin Graham may be the oldest of the gurus we follow, but his impact on the investing world has lasted for decades after his death in 1976. Known as both the "Father of Value Investing" and the founder of the entire field of security analysis, Graham mentored several of history's greatest investors -- including Warren Buffett -- and inspired a slew of others, including John Templeton, Mario Gabelli, and another of Validea's gurus, John Neff. Graham built his fortune and reputation after living through some extremely difficult times, including both the Great Depression and his own family's financial woes following his father's death when Benjamin was a young man. His investment firm posted per annum returns of about 20 percent from 1936 to 1956, far outpacing the 12.2 percent average return for the market during that time.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Company has also created an interactive online community in which a range of functions are provided for the users, including bullet chatting, real-time commenting and gifting. Graham built his fortune and reputation after living through some extremely difficult times, including both the Great Depression and his own family's financial woes following his father's death when Benjamin was a young man. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig.
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Detailed Analysis of HUYA INC - ADR HUYA Guru Analysis HUYA Fundamental Analysis GRAY TELEVISION, INC. (GTN) is a small-cap value stock in the Broadcasting & Cable TV industry. Detailed Analysis of GRAY TELEVISION, INC. GTN Guru Analysis GTN Fundamental Analysis VERIZON COMMUNICATIONS INC. (VZ) is a large-cap value stock in the Communications Services industry. Detailed Analysis of VERIZON COMMUNICATIONS INC. VZ Guru Analysis VZ Fundamental Analysis Benjamin Graham Portfolio Top Benjamin Graham Stocks About Benjamin Graham: The late Benjamin Graham may be the oldest of the gurus we follow, but his impact on the investing world has lasted for decades after his death in 1976.
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Detailed Analysis of GRAY TELEVISION, INC. GTN Guru Analysis GTN Fundamental Analysis VERIZON COMMUNICATIONS INC. (VZ) is a large-cap value stock in the Communications Services industry. Its Business segment provides wireless and wireline communications services and products, including data, video and conferencing services, security and managed network services, local and long-distance voice services and network access to deliver various Internet of Things services and products. Detailed Analysis of VERIZON COMMUNICATIONS INC. VZ Guru Analysis VZ Fundamental Analysis Benjamin Graham Portfolio Top Benjamin Graham Stocks About Benjamin Graham: The late Benjamin Graham may be the oldest of the gurus we follow, but his impact on the investing world has lasted for decades after his death in 1976.
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The following are the top rated Communication Services stocks according to Validea's Value Investor model based on the published strategy of Benjamin Graham. The production companies segment includes the production of television and event content. Detailed Analysis of VERIZON COMMUNICATIONS INC. VZ Guru Analysis VZ Fundamental Analysis Benjamin Graham Portfolio Top Benjamin Graham Stocks About Benjamin Graham: The late Benjamin Graham may be the oldest of the gurus we follow, but his impact on the investing world has lasted for decades after his death in 1976.
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82e026ca-2a2f-4e5f-8697-c95fbe72cefe
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713862.0
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2023-12-11 00:00:00 UTC
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A Bull Market Is Coming: 2 Super Artificial Intelligence (AI) Stocks to Buy Hand Over Fist Before They Skyrocket in 2024
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DCOMP
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https://www.nasdaq.com/articles/a-bull-market-is-coming%3A-2-super-artificial-intelligence-ai-stocks-to-buy-hand-over-fist
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nan
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nan
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The stock market has been in fine form in 2023, and the S&P 500 index has gained 28% since hitting its most recent low point on Oct. 12, 2022, which might be why some Wall Street analysts are saying that we are already in a bull market. And the good part is that stocks could jump even higher in 2024, according to analysts.
Equity research firm Fundstrat, for instance, predicts that the S&P 500 could jump 13% next year thanks to falling inflation and potential interest rate cuts by the Federal Reserve. Investment banks such as Deutsche Bank, RBC, and Bank of America are also expecting the S&P 500 to hit the 5,000 mark by the end of 2024.
The Nasdaq-100 Technology Sector index has delivered even larger gains of 62% since October last year. More importantly, the tech-heavy Nasdaq seems set for another strong year in 2024. That's why now is a good time to take a closer look at these two Nasdaq stocks that could deliver solid gains in 2024.
1. Advanced Micro Devices
Shares of Advanced Micro Devices (NASDAQ: AMD) have doubled so far in 2023, and this rally looks likely to continue in 2024 with the resurgence in the personal computer (PC) market and the company's newly launched artificial intelligence (AI) chips.
Market research firm Canalys estimates that PC shipments could jump 8% in 2024, a significant improvement over this year's estimated decline of 12%.
Two factors are expected to drive the PC market's resurgence next year. The first is the Windows refresh cycle. Microsoft will end support for Windows 10 in October 2025, which means consumers and businesses will have to purchase new PCs that cannot be upgraded to newer versions and analysts expect some of that buying to happen next year.
The second factor is the growth in sales of AI-powered PCs, with Canalys estimating that 19% of PCs sold next year will be AI-enabled. All this bodes well for AMD because it already has AI-powered central processing units (CPUs) on the market.
AMD is already benefiting. The company's revenue from the client segment was up 42% year over year in the third quarter to $1.5 billion. Sales of its Ryzen processors that are used in PCs increased substantially last quarter, and the trend should continue in 2024 as PC sales head higher.
AI is the newest catalyst for AMD that investors are looking forward to. The stock surged 10% on Dec. 7 after the company announced that major cloud providers are set to use its AI chips for training large language models. Microsoft, Meta Platforms, Oracle, and other server partners are set to offer AMD's MI300X AI accelerators for powering AI applications in the cloud.
This could allow AMD to capitalize on a huge opportunity. The company estimates that the addressable market for its AI chips could be $45 billion this year, up from its earlier forecast of $30 billion. By 2027, that could increase to $400 billion, up significantly from its earlier estimate of $150 billion.
AMD expects to sell AI chips worth more than $2 billion in 2024, which would be a sizable increase over the $400 million in revenue the company is set to generate from this market this year. But AMD's AI-related revenue could surge next year and run into much larger figures if the company manages to corner enough supply of chips from its foundry partner.
All this is why analysts are anticipating AMD's earnings to jump 40% next year to $3.71 per share, and the market could reward this growth with a jump in the company's stock price as well.
2. SoundHound AI
Analysts are anticipating SoundHound AI (NASDAQ: SOUN) stock could go supersonic in 2024. The median 12-month price target on SoundHound among five analysts covering the stock stands at $5, a 140% jump from current levels.
The company could very well deliver the terrific upside that Wall Street is anticipating. It expects to finish 2023 with a 50% spike in revenue to $46.7 million, and is expected to sustain this growth rate in 2024.
The simplest reason SoundHound could indeed live up to analysts' growth expectations is because of a solid revenue pipeline. The company finished the previous quarter with a bookings backlog of $342 million as customers increase the adoption of its platform, which allows them to create voice-enabled AI solutions such as voice assistants and natural language processing.
The stock has underperformed the tech sector in 2023, rising only 16% so far. As a result, investors can buy it at a slightly lower sales multiple of 12 right now as compared to its 2022 price-to-sales (P/S) ratio of 13. At this valuation, it looks like a no-brainer, especially considering the robust growth in the company's revenue.
SOUN PS ratio data by YCharts; TTM = trailing 12 months.
Should you invest $1,000 in Advanced Micro Devices right now?
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Bank of America is an advertising partner of The Ascent, a Motley Fool company. 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. Harsh Chauhan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Bank of America, Meta Platforms, 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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Equity research firm Fundstrat, for instance, predicts that the S&P 500 could jump 13% next year thanks to falling inflation and potential interest rate cuts by the Federal Reserve. Microsoft will end support for Windows 10 in October 2025, which means consumers and businesses will have to purchase new PCs that cannot be upgraded to newer versions and analysts expect some of that buying to happen next year. The company finished the previous quarter with a bookings backlog of $342 million as customers increase the adoption of its platform, which allows them to create voice-enabled AI solutions such as voice assistants and natural language processing.
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Advanced Micro Devices Shares of Advanced Micro Devices (NASDAQ: AMD) have doubled so far in 2023, and this rally looks likely to continue in 2024 with the resurgence in the personal computer (PC) market and the company's newly launched artificial intelligence (AI) chips. SoundHound AI Analysts are anticipating SoundHound AI (NASDAQ: SOUN) stock could go supersonic in 2024. The Motley Fool has positions in and recommends Advanced Micro Devices, Bank of America, Meta Platforms, Microsoft, and Oracle.
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AMD expects to sell AI chips worth more than $2 billion in 2024, which would be a sizable increase over the $400 million in revenue the company is set to generate from this market this year. All this is why analysts are anticipating AMD's earnings to jump 40% next year to $3.71 per share, and the market could reward this growth with a jump in the company's stock price as well. Before you buy stock in Advanced Micro Devices, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Advanced Micro Devices wasn't one of them.
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AMD expects to sell AI chips worth more than $2 billion in 2024, which would be a sizable increase over the $400 million in revenue the company is set to generate from this market this year. Before you buy stock in Advanced Micro Devices, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Advanced Micro Devices wasn't one of them. The Motley Fool has positions in and recommends Advanced Micro Devices, Bank of America, Meta Platforms, Microsoft, and Oracle.
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79def17b-8568-49fe-9be4-bc240849b2a3
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713863.0
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2023-12-11 00:00:00 UTC
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Paychex (PAYX) Reports Next Week: Wall Street Expects Earnings Growth
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DCOMP
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https://www.nasdaq.com/articles/paychex-payx-reports-next-week%3A-wall-street-expects-earnings-growth-1
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nan
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nan
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The market expects Paychex (PAYX) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended November 2023. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on December 21, 2023, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on theearnings call it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus Estimate
This payroll processor and human-resources services provider is expected to post quarterly earnings of $1.07 per share in its upcoming report, which represents a year-over-year change of +8.1%.
Revenues are expected to be $1.27 billion, up 6.5% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has been revised 0.05% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Earnings Whisper
Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Paychex?
For Paychex, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +1.11%.
On the other hand, the stock currently carries a Zacks Rank of #4.
So, this combination makes it difficult to conclusively predict that Paychex will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?
Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Paychex would post earnings of $1.12 per share when it actually produced earnings of $1.14, delivering a surprise of +1.79%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
Bottom Line
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Paychex doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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
Paychex, Inc. (PAYX) : 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 widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on theearnings call it's worth handicapping the probability of a positive EPS surprise. Zacks Consensus Estimate This payroll processor and human-resources services provider is expected to post quarterly earnings of $1.07 per share in its upcoming report, which represents a year-over-year change of +8.1%.
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This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
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The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
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The market expects Paychex (PAYX) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended November 2023. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For the last reported quarter, it was expected that Paychex would post earnings of $1.12 per share when it actually produced earnings of $1.14, delivering a surprise of +1.79%.
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54982bb6-a106-490a-b330-d4661f2827fa
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713864.0
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2023-12-11 00:00:00 UTC
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Earnings Preview: Nike (NKE) Q2 Earnings Expected to Decline
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DCOMP
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https://www.nasdaq.com/articles/earnings-preview%3A-nike-nke-q2-earnings-expected-to-decline
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nan
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nan
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The market expects Nike (NKE) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended November 2023. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on December 21, 2023, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on theearnings call it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus Estimate
This athletic apparel maker is expected to post quarterly earnings of $0.84 per share in its upcoming report, which represents a year-over-year change of -1.2%.
Revenues are expected to be $13.42 billion, up 0.8% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has been revised 0.25% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Earnings Whisper
Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Nike?
For Nike, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.85%.
On the other hand, the stock currently carries a Zacks Rank of #2.
So, this combination makes it difficult to conclusively predict that Nike will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?
Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Nike would post earnings of $0.74 per share when it actually produced earnings of $0.94, delivering a surprise of +27.03%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
Bottom Line
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Nike doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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
NIKE, Inc. (NKE) : 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 widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on theearnings call it's worth handicapping the probability of a positive EPS surprise. Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
|
Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
|
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
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Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For the last reported quarter, it was expected that Nike would post earnings of $0.74 per share when it actually produced earnings of $0.94, delivering a surprise of +27.03%.
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5ff3148a-d17d-4fe8-bde5-4efdc39f0d4b
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713865.0
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2023-12-11 00:00:00 UTC
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CarMax (KMX) Reports Next Week: Wall Street Expects Earnings Growth
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DCOMP
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https://www.nasdaq.com/articles/carmax-kmx-reports-next-week%3A-wall-street-expects-earnings-growth-0
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nan
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nan
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The market expects CarMax (KMX) to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended November 2023. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on December 21, 2023, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on theearnings call it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus Estimate
This used car dealership chain is expected to post quarterly earnings of $0.45 per share in its upcoming report, which represents a year-over-year change of +87.5%.
Revenues are expected to be $6.32 billion, down 2.8% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has been revised 5.9% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Earnings Whisper
Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for CarMax?
For CarMax, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -24.08%.
On the other hand, the stock currently carries a Zacks Rank of #4.
So, this combination makes it difficult to conclusively predict that CarMax will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?
Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that CarMax would post earnings of $0.75 per share when it actually produced earnings of $0.75, delivering no surprise.
Over the last four quarters, the company has beaten consensus EPS estimates two times.
Bottom Line
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
CarMax doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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
CarMax, Inc. (KMX) : 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 widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on theearnings call it's worth handicapping the probability of a positive EPS surprise. Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
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This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
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The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
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The market expects CarMax (KMX) to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended November 2023. Earnings Whisper Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. For the last reported quarter, it was expected that CarMax would post earnings of $0.75 per share when it actually produced earnings of $0.75, delivering no surprise.
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54e3db6a-c855-46cf-9f4c-dca92beeca0f
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713866.0
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2023-12-11 00:00:00 UTC
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3 Things You Need to Know If You Buy Rivian Today
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https://www.nasdaq.com/articles/3-things-you-need-to-know-if-you-buy-rivian-today-0
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Estimates project that nearly two out of three cars sold in 2030 will be an electric vehicle (EV). Such big demand will create a valuable opportunity for companies looking to boost adoption and capture market share.
One of those companies is up-and-coming start-up Rivian Automotive (NASDAQ: RIVN). With vehicles catered toward outdoor enthusiasts and businesses needing commercial vans, Rivian is tapping into demand that other automakers have yet to address fully. Riding the coattails of EV adoption, Rivian offers plenty of potential for investors.
But do the risks outweigh the benefits? Before making that decision and adding it to your portfolio, here are three things you must know.
Image source: Getty Images.
Profitability challenges continue
Rivian had the largest initial public offering (IPO) of 2021, making it the most valuable IPO for an American company since Meta back in 2012. Yet with all this hype, its stock has plummeted since it launched on the Nasdaq for one key reason -- the company has yet to turn a profit.
In the most recent quarter, Rivian reported a net loss of $1.37 billion. That means it lost nearly $31,000 for every vehicle it sold in the third quarter. With the inability to generate a profit, Rivian has cut into 60% of its total cash in just two years. As it stands, Rivian's initial cash and equivalents position of $19.9 billion, which it secured upon its IPO, is now worth just under $8 billion.
Production growth looks encouraging
Even though profitability still evades the company, it looks to be on the right path. In Q3 2022, Rivian produced 7,363 vehicles. Reports from Q3 this year show production more than doubled, with 16,304 vehicles produced. This rise in production efficiency led management to revise its yearly target, with expectations now reaching 54,000 vehicles delivered this year. Should the company reach this goal, it would more than double its 2022 total of 24,337 vehicles.
Considering that Rivian operates out of just one factory, in Normal, Illinois, these trends are more than encouraging. But as long as Rivian is confined to a single factory, production will be limited. However, that appears to be in the process of changing. Recently, the company reached an agreement with the state of Georgia to develop a new factory. The $5 billion project is slated to begin in 2024 in Social Circle, just a short drive outside Atlanta.
The project will be split into two phases. Management believes fulfillment of Phase 1 will increase production by 200,000, and the following Phase 2, expected to be completed by 2030, will add another 200,000 vehicles per year.
New battery packs could limit costs
Increasing production is only half the battle when it comes to turning a profit. For EV manufacturers to truly succeed, they need to mitigate costs. With EVs, one of the primary costs is related to battery production. Because of the intricate nature of batteries and the rare earth materials (nickel, copper, lithium) they require, EV manufacturers incur much more significant costs than traditional automakers.
But thanks to a recent development, Rivian is making great strides on this front. At the Global Automotive and Mobility Tech Conference, Rivian CFO Claire McDonough announced a new simplified battery pack the company will introduce that will "take thousands of dollars of costs out [and] is much easier to manufacture and build as well."
The introduction of the battery pack is planned for 2024 and will undoubtedly improve operational efficiency and streamline its supply chain. Yet, more importantly, it could lead to lower price tags on vehicles and stimulate demand even further.
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
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. RJ Fulton has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Meta Platforms. 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 vehicles catered toward outdoor enthusiasts and businesses needing commercial vans, Rivian is tapping into demand that other automakers have yet to address fully. Because of the intricate nature of batteries and the rare earth materials (nickel, copper, lithium) they require, EV manufacturers incur much more significant costs than traditional automakers. At the Global Automotive and Mobility Tech Conference, Rivian CFO Claire McDonough announced a new simplified battery pack the company will introduce that will "take thousands of dollars of costs out [and] is much easier to manufacture and build as well."
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Profitability challenges continue Rivian had the largest initial public offering (IPO) of 2021, making it the most valuable IPO for an American company since Meta back in 2012. New battery packs could limit costs Increasing production is only half the battle when it comes to turning a profit. 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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At the Global Automotive and Mobility Tech Conference, Rivian CFO Claire McDonough announced a new simplified battery pack the company will introduce that will "take thousands of dollars of costs out [and] is much easier to manufacture and build as well." 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. See the 10 stocks *Stock Advisor returns as of December 11, 2023 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.
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In Q3 2022, Rivian produced 7,363 vehicles. New battery packs could limit costs Increasing production is only half the battle when it comes to turning a profit. 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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3fd2105e-b4dc-42de-9fff-44a3bf66be1e
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713867.0
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2023-12-11 00:00:00 UTC
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Cintas (CTAS) Earnings Expected to Grow: Should You Buy?
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DCOMP
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https://www.nasdaq.com/articles/cintas-ctas-earnings-expected-to-grow%3A-should-you-buy-0
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Wall Street expects a year-over-year increase in earnings on higher revenues when Cintas (CTAS) reports results for the quarter ended November 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on December 21. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on theearnings callwill mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus Estimate
This uniform rental company is expected to post quarterly earnings of $3.48 per share in its upcoming report, which represents a year-over-year change of +11.5%.
Revenues are expected to be $2.34 billion, up 7.4% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Earnings Whisper
Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Cintas?
For Cintas, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.35%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination makes it difficult to conclusively predict that Cintas will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?
While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Cintas would post earnings of $3.65 per share when it actually produced earnings of $3.70, delivering a surprise of +1.37%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom Line
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Cintas doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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
Cintas Corporation (CTAS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. While management's discussion of business conditions on theearnings callwill mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
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Wall Street expects a year-over-year increase in earnings on higher revenues when Cintas (CTAS) reports results for the quarter ended November 2023. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
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The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
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Wall Street expects a year-over-year increase in earnings on higher revenues when Cintas (CTAS) reports results for the quarter ended November 2023. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on December 21. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
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2023-12-11 00:00:00 UTC
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Is JetBlue a Buy for 2024 After This Year's Big Dip?
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DCOMP
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https://www.nasdaq.com/articles/is-jetblue-a-buy-for-2024-after-this-years-big-dip
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nan
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nan
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It's been a surprisingly decent year for airlines, and by extension, for airline stocks. After a few ups and downs, the NYSA ARCA Airline Index is sitting more than 20% above 2022's close, and still climbing.
Credit most of the recent bullishness to record-breaking air passenger traffic this year on the Sunday following Thanksgiving -- the busiest air travel day linked to the holiday. The American Automobile Association further predicts record-breaking air travel again in late December and early January. The International Air Transport Association (IATI) sees more growth in 2024 as well.
Yet, not every airline stock is soaring. JetBlue Airways (NASDAQ: JBLU) remains in the red for the year, unable to take flight the way most of its peers have. What gives? Is it because of problems unique to JetBlue or is the market overlooking an opportunity?
Clear skies ahead?
If the whole post-pandemic "revenge travel" thing has run its course, somebody forgot to tell people. Not only are they traveling in droves within the United States, but the skies in China, India, and other major markets are increasingly crowded with jets full of paying passengers.
They're going to remain that way for a while, too, if the IATI's expectations are on target. The association believes the industry will handle 4.7 billion individual trips in 2024, breaking pre-pandemic 2019's record of 4.5 billion. That demand should drive $964 billion worth of revenue, up 7.6% from this year's top line despite falling ticket prices. Overall airline profits will likely grow in 2024 as well.
JetBlue Airways is capitalizing on this tailwind. Last week, it (mostly) raised its fourth-quarter and full-year capacity expectations. At the same time, it raised its revenue guidance, explaining: "Since late October, close-in bookings have outperformed expectations for both holiday peak and non-holiday travel periods." (Close-in reservations are bookings made closer to the travel date as opposed to well before it; these tickets tend to cost more than those purchased further in advance.)
JetBlue shares jumped following the news, extending a budding rebound effort. Still, investors will want to tread carefully as the company is currently unprofitable, and will likely remain so through the coming year.
But size matters in the airline industry
Don't misread the message. Stocks of unprofitable companies can and do make gains, particularly if there's promise of profits in the foreseeable future. And for the record, JetBlue Airways has been more profitable than not over the course of the past couple of decades.
The current condition of the air travel industry isn't quite as solid as it may seem on the surface, however. It's a tough operating environment, with inflation seemingly taking an oversized toll on certain airlines.
Yes, the IATI believes 2024 will be a banner year for the business. The association's outlook comes with a couple of important footnotes, though. Chief among them is that while next year's total sales will likely be record-breaking, net profit margins will also likely be unbelievably thin. On a worldwide basis, the IATI only expects $25.7 billion worth of total profit to be produced on 2024's projected $964 billion in revenue. That's a net profit margin of only 2.7%.
Granted, the air travel business has never been a particularly high-margin one. Its net margin ranged between 3% and 5% prior to the pandemic. With such narrow profit margins being the norm for the industry, however, relatively smaller airlines like JetBlue suffer more than most simply because they lack the scale to weather such a storm. Again, JetBlue's losses this year are expected to be repeated in 2024.
Too much risk, not enough upside
JetBlue should eventually swing back to a profit again -- there's little doubt about that. The analyst community believes the company will fight its way back into the black in 2025, once a bit more economic normalcy takes shape again. Savvy investors, of course, know the right time to jump into such a recovery is before it's obviously underway.
This is also a situation, however, where investors may not want to be too quick to act. They should instead keep their finger on the pulse of a company, the economic backdrop that company operates within, and the market's mood regarding the underlying stock. Consumer demand for air travel has remained surprisingly resilient, but not all airlines are built the same.
Regulatory oversight can work for or against an airline in unexpected ways as well. For instance, earlier this year JetBlue was barred from forming a regional partnership with American Airlines in the northeastern United States, while its plans to acquire Spirit Airlines are facing legal hurdles as well.
These pairings would arguably offer JetBlue the scale it needs to cost-effectively compete with bigger competitors. If they're not allowed to take shape, there's no assurance the airline will be able to fight its way back to profitability as expected in 2025.
Bottom line? Take your shot on JetBlue if you must. Comparing the above-average degree of risk here to the below-average degree of potential reward, however, it's not an especially compelling bet right now.
Maybe this will help put things in perspective: Despite the recent wave of bullish news, the analyst community's consensus price target for JetBlue Airways shares still stands at $4.65. That's 13% below the stock's current value.
Should you invest $1,000 in JetBlue Airways right now?
Before you buy stock in JetBlue Airways, 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 JetBlue Airways 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
James Brumley 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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Not only are they traveling in droves within the United States, but the skies in China, India, and other major markets are increasingly crowded with jets full of paying passengers. At the same time, it raised its revenue guidance, explaining: "Since late October, close-in bookings have outperformed expectations for both holiday peak and non-holiday travel periods." Maybe this will help put things in perspective: Despite the recent wave of bullish news, the analyst community's consensus price target for JetBlue Airways shares still stands at $4.65.
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On a worldwide basis, the IATI only expects $25.7 billion worth of total profit to be produced on 2024's projected $964 billion in revenue. Maybe this will help put things in perspective: Despite the recent wave of bullish news, the analyst community's consensus price target for JetBlue Airways shares still stands at $4.65. Before you buy stock in JetBlue Airways, 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 JetBlue Airways wasn't one of them.
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It's been a surprisingly decent year for airlines, and by extension, for airline stocks. For instance, earlier this year JetBlue was barred from forming a regional partnership with American Airlines in the northeastern United States, while its plans to acquire Spirit Airlines are facing legal hurdles as well. Before you buy stock in JetBlue Airways, 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 JetBlue Airways wasn't one of them.
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They're going to remain that way for a while, too, if the IATI's expectations are on target. Still, investors will want to tread carefully as the company is currently unprofitable, and will likely remain so through the coming year. Before you buy stock in JetBlue Airways, 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 JetBlue Airways wasn't one of them.
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713869.0
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2023-12-11 00:00:00 UTC
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5 Struggling Stocks to Buy at a Discount
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https://www.nasdaq.com/articles/5-struggling-stocks-to-buy-at-a-discount-11
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nan
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Many stocks rallied over the past year as rational investors finally looked beyond the recent macro headwinds. However, plenty of other stocks were still left behind as the bulls rushed toward the market darlings instead of the underdogs.
But as Warren Buffett famously said, investors should always be "greedy when others are fearful" and buy "quality merchandise when it's marked down." Here are five discount stocks that fit that profile: Rivian (NASDAQ: RIVN), Upstart (NASDAQ: UPST), Opendoor (NASDAQ: OPEN), DigitalOcean (NYSE: DOCN), and HP (NYSE: HPQ).
Image source: Getty Images.
1. Rivian Automotive
Rivian was one of the market's hottest electric vehicle stocks in late 2021, but it's plunged about 90% from its all-time high. It ran out of juice as its production slowed down, it racked up more losses, and rising rates popped its bubbly valuations.
But after that steep decline, Rivian trades at less than 2 times next year's sales. That's a low valuation for a company that expects to more than double its annual production to 52,000 vehicles this year. It's also in the process of producing 100,000 electric delivery vans for its top investor, Amazon.
Analysts expect Rivian's revenue to surge 166% this year and rise 41% to $6.2 billion in 2024. It's still deeply unprofitable, but its $9.1 billion in cash, cash equivalents, and short-term investments will buy it a lot of time to ramp up its production.
2. Upstart Holdings
Another hot stock in late 2021 was Upstart, which uses an AI-powered lending platform to help banks, credit unions, and auto dealerships approve loans with non-traditional data like a person's education, standardized test scores, and work history.
That business model flourished when interest rates were low, but it flopped as rising interest rates drove its customers to take on fewer loans and its partners to scale back their loans. That shift caused Upstart's revenue to dip 1% in 2022, and analysts are bracing for a 40% decline this year. As a result, its stock has fallen about 90% from its all-time highs.
However, Upstart's prospects should improve as interest rates stabilize. In 2024, analysts expect its revenue to rise 29% as it returns to profitability. And at 5 times next year's sales, it certainly looks a lot cheaper than it did in late 2021.
3. Opendoor Technologies
Another victim of rising interest rates was Opendoor, the online real estate company that streamlined home sales by making instant cash offers for homes, repairing those properties, and relisting them for sale on its online marketplace. It also aimed to save sellers and buyers money by cutting real estate agents out of the loop.
Opendoor's sales surged during the post-pandemic housing boom in 2021 and 2022, but plunged over the past year as rising rates throttled the housing market. Analysts expect its revenue to plummet 56% this year and decline another 12% in 2024. It's also expected to remain unprofitable for the foreseeable future.
Opendoor also trades about 90% below its all-time high, but it looks dirt cheap at just 0.6 times next year's sales. Therefore, this beaten-down stock could be poised for a big comeback if interest rates stabilize and the macro environment improves.
4. DigitalOcean
DigitalOcean's stock is down more than 30% since its public debut in March 2021. The cloud infrastructure services provider aimed to carve out a niche in the market by offering tiny "droplets" of servers to smaller businesses, but the bears claimed it would be rendered obsolete by larger public cloud platforms.
Yet DigitalOcean continued to grow. From 2020 to 2022, its revenue rose at a compound annual growth rate of 35%. Analysts expect its revenue to rise 20% this year, even as the macro headwinds drive companies to rein in their cloud spending.
DigitalOcean's margins are also expanding, and it looks cheap at 5 times next year's sales and 19 times its forward adjusted earnings. That's why this little niche cloud player could still have a lot of upside potential in a healthier market.
5. HP
Lastly, HP's stock declined about 16% over the past two years as the PC and printing markets experienced a post-pandemic slowdown. The bulls had initially expected the commercial segment's recovery to offset its weaker sales of consumer products, but rising rates and other macro headwinds disrupted that recovery.
However, HP's core businesses stabilized sequentially in its latest quarter, and it expects the PC market to bottom out and kick off a new growth cycle with the arrival of new PCs optimized for Windows 11 and artificial intelligence (AI) applications. It also continues to aggressively cut costs and streamline its portfolio to boost its profits.
Analysts expect HP's revenue and adjusted earnings per share to rise 2% and 5%, respectively, in fiscal 2024 (which started in November) as its core markets stabilize. Its low forward multiple of 9 and high forward yield of 3.6% should also limit its downside potential until its growth accelerates again.
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
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, DigitalOcean, HP, Opendoor Technologies, and Upstart. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Lastly, HP's stock declined about 16% over the past two years as the PC and printing markets experienced a post-pandemic slowdown. However, HP's core businesses stabilized sequentially in its latest quarter, and it expects the PC market to bottom out and kick off a new growth cycle with the arrival of new PCs optimized for Windows 11 and artificial intelligence (AI) applications. Analysts expect HP's revenue and adjusted earnings per share to rise 2% and 5%, respectively, in fiscal 2024 (which started in November) as its core markets stabilize.
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Here are five discount stocks that fit that profile: Rivian (NASDAQ: RIVN), Upstart (NASDAQ: UPST), Opendoor (NASDAQ: OPEN), DigitalOcean (NYSE: DOCN), and HP (NYSE: HPQ). Opendoor Technologies Another victim of rising interest rates was Opendoor, the online real estate company that streamlined home sales by making instant cash offers for homes, repairing those properties, and relisting them for sale on its online marketplace. 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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Opendoor Technologies Another victim of rising interest rates was Opendoor, the online real estate company that streamlined home sales by making instant cash offers for homes, repairing those properties, and relisting them for sale on its online marketplace. 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. See the 10 stocks *Stock Advisor returns as of December 11, 2023 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors.
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Analysts expect its revenue to rise 20% this year, even as the macro headwinds drive companies to rein in their cloud spending. 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 Motley Fool has positions in and recommends Amazon, DigitalOcean, HP, Opendoor Technologies, and Upstart.
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2023-12-11 00:00:00 UTC
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US STOCKS-Wall St advances after Fed hints at rate cuts; Apple scales record high
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https://www.nasdaq.com/articles/us-stocks-wall-st-advances-after-fed-hints-at-rate-cuts-apple-scales-record-high
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By Shristi Achar A and Johann M Cherian
Dec 14 (Reuters) - Wall Street's main indexes rose on Thursday, with tech giant Apple notching a record high, a day after the Federal Reserve hinted an end to its aggressive rate hike campaign and signaled that borrowing costs would be lower next year.
The Fed left interest rates unchanged on Wednesday, as expected, with Chair Jerome Powell saying the historic tightening of monetary policy was likely over, as inflation falls faster than expected, and discussions on cuts in borrowing costs were coming "into view".
The Fed has raised its policy rate by a market-punishing 525 basis points since March 2022 in an effort to curb decades-high inflation. On Wednesday, 17 of 19 Fed officials projected the policy rate would be lower by end-2024.
The dovish pivot in the central bank's statement triggered a rally in equities, with the Dow Jones Industrial Average Index .DJI clocking fresh intra-day record highs on Thursday.
"Investors are feeling pretty bullish in terms of having three rate cuts penciled in for next year, which is a little bit more than the bears were expecting," said Chris Zaccarelli, chief investment officer at Independent Advisor Alliance.
Money markets now see an 83.3% chance of at least a 25-basis-point rate cut in March 2024, up from about 50% before the policy decision, while almost fully pricing in another cut in May, according to CME Group's FedWatch tool.
Yield on the benchmark 10-year Treasury note US10YT=RRslipped further, to 3.9488%, while the dollar =USD tumbled to fresh four-month lows.US/USD/
Investors also parsed retail sales data for November, which rose 0.3% on a monthly basis compared with estimates of a 0.1% fall, according to economists polled by Reuters.
Another report showed weekly jobless claims stood at 202,000 for the week ended Dec. 9, lower than the estimated 220,000.
Meanwhile, Apple's shares AAPL.Oadded 0.7%, rising to an intra-day record high of $199.62, surpassing its July peak.
At 9:42 a.m. ET, the Dow Jones Industrial Average .DJI was up 35.43 points, or 0.10%, at 37,125.67, the S&P 500 .SPX was up 21.56 points, or 0.46%, at 4,728.65, and the Nasdaq Composite .IXIC was up 92.21 points, or 0.63%, at 14,826.17.
Ten of the S&P 500's top 11 sectors advanced, led by a 2.3% rise in real estate stocks .SPLRCR, while the small-caps Russell 2000 index .RUT surged 2.9% to its hits strongest level since early February.
AdobeADBE.O shed 7.2% after the Photoshop maker forecast annual and quarterly revenue below estimates.
ModernaMRNA.Ojumped 15.9% after an experimental messenger RNA cancer vaccine it co-developed with Merck MRK.N cut the chance of recurrence or death from melanoma by half after three years, when paired with Merck's Keytruda drug.
Occidental PetroleumOXY.N added 3.4% after Warren Buffett's Berkshire Hathaway BRKa.N acquired nearly 10.5 million shares of the oil giant for about $588.7 million.
Foot Locker FL.N rose 6.9% after Piper Sandler upgraded the sportswear retailer to "overweight" from "neutral".
Advancing issues outnumbered decliners by a 7.87-to-1 ratio on the NYSE and by a 4.45-to-1 ratio on the Nasdaq.
The S&P index recorded 81 new 52-week highs and no new lows, while the Nasdaq recorded 198 new highs and 17 new lows.
Stocks love the Fed again https://tmsnrt.rs/3v4nD2u
US unemployment claims https://tmsnrt.rs/47Tdgx6
Monthly change in US retail sales https://tmsnrt.rs/3uZjzkb
(Reporting by Shristi Achar A and Johann M Cherian in Bengaluru; Editing by Pooja Desai)
((Shristi.AcharA@thomsonreuters.com https://twitter.com/ShristiAchar;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Shristi Achar A and Johann M Cherian Dec 14 (Reuters) - Wall Street's main indexes rose on Thursday, with tech giant Apple notching a record high, a day after the Federal Reserve hinted an end to its aggressive rate hike campaign and signaled that borrowing costs would be lower next year. "Investors are feeling pretty bullish in terms of having three rate cuts penciled in for next year, which is a little bit more than the bears were expecting," said Chris Zaccarelli, chief investment officer at Independent Advisor Alliance. Yield on the benchmark 10-year Treasury note US10YT=RRslipped further, to 3.9488%, while the dollar =USD tumbled to fresh four-month lows.US/USD/ Investors also parsed retail sales data for November, which rose 0.3% on a monthly basis compared with estimates of a 0.1% fall, according to economists polled by Reuters.
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By Shristi Achar A and Johann M Cherian Dec 14 (Reuters) - Wall Street's main indexes rose on Thursday, with tech giant Apple notching a record high, a day after the Federal Reserve hinted an end to its aggressive rate hike campaign and signaled that borrowing costs would be lower next year. The dovish pivot in the central bank's statement triggered a rally in equities, with the Dow Jones Industrial Average Index .DJI clocking fresh intra-day record highs on Thursday. Stocks love the Fed again https://tmsnrt.rs/3v4nD2u US unemployment claims https://tmsnrt.rs/47Tdgx6 Monthly change in US retail sales https://tmsnrt.rs/3uZjzkb (Reporting by Shristi Achar A and Johann M Cherian in Bengaluru; Editing by Pooja Desai) ((Shristi.AcharA@thomsonreuters.com https://twitter.com/ShristiAchar;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Shristi Achar A and Johann M Cherian Dec 14 (Reuters) - Wall Street's main indexes rose on Thursday, with tech giant Apple notching a record high, a day after the Federal Reserve hinted an end to its aggressive rate hike campaign and signaled that borrowing costs would be lower next year. The Fed left interest rates unchanged on Wednesday, as expected, with Chair Jerome Powell saying the historic tightening of monetary policy was likely over, as inflation falls faster than expected, and discussions on cuts in borrowing costs were coming "into view". Stocks love the Fed again https://tmsnrt.rs/3v4nD2u US unemployment claims https://tmsnrt.rs/47Tdgx6 Monthly change in US retail sales https://tmsnrt.rs/3uZjzkb (Reporting by Shristi Achar A and Johann M Cherian in Bengaluru; Editing by Pooja Desai) ((Shristi.AcharA@thomsonreuters.com https://twitter.com/ShristiAchar;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Fed left interest rates unchanged on Wednesday, as expected, with Chair Jerome Powell saying the historic tightening of monetary policy was likely over, as inflation falls faster than expected, and discussions on cuts in borrowing costs were coming "into view". The Fed has raised its policy rate by a market-punishing 525 basis points since March 2022 in an effort to curb decades-high inflation. The dovish pivot in the central bank's statement triggered a rally in equities, with the Dow Jones Industrial Average Index .DJI clocking fresh intra-day record highs on Thursday.
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713871.0
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2023-12-11 00:00:00 UTC
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Airline Stock Roundup: LUV Gives Bearish Q4 View, CPA Posts November Traffic
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https://www.nasdaq.com/articles/airline-stock-roundup%3A-luv-gives-bearish-q4-view-cpa-posts-november-traffic
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In the past week, Southwest Airlines’ LUV management increased its fourth-quarter 2023 guidance for fuel cost per gallon. The Dallas-based carrier reduced its growth target for capacity (measured in annual seat miles) beyond 2024. LUV was also in the news when its flight attendants voted down a tentative pay-related deal.
Copa Holdings CPA reported solid traffic numbers for November on the back of upbeat air-travel demand. Another Latin American carrier, Azul’s AZUL November traffic was impressive on an upbeat air-travel demand.
Read the last Airline Roundup here.
Recap of the Past Week’s Most Important Stories
1. Southwest Airlines’ management expects fourth-quarter 2023 available seat miles to improve 21% from the year-ago reported figure. Economic fuel costs per gallon are expected to be $3-$3.1 (earlier expectation: $2.90-$3). LUV expects cost per available seat miles, excluding fuel, oil and profit-sharing expenses, and special items, to decrease 16-19% in the fourth quarter from the comparable period in 2022. Interest expenses are anticipated to be $65 million in the fourth quarter. LUV narrowed its anticipated revenue per available seat mile to a 9-10% decline from a 9-11% dip expected earlier.
LUV expects first-quarter 2024 capacity to increase 10-12%from first-quarter 2023 actuals. The 2024 capacity is likely to increase 6-8% from the 2023 actual. Management expects capacity beyond 2024 to grow in the low to mid-single-digit range (in percentage terms), down from the earlier stated mid-single-digit rise. The airline anticipates year-over-year trip growth beyond 2024 to be in the low-single digits.
In another development, 64% of LUV’s flight attendants voted against the proposed five-year deal pertaining to pay hikes and better working conditions. Apart from pay raises, the provisional agreement also had provisions pertaining to paid parental and maternity leave with insurance coverage. The Dallas-based carrier’s flight attendants are represented by the Transport Workers Union Local 556.
2. Driven by high passenger volumes, revenue passenger miles (a measure of traffic) increased 12.4% at Copa Holdings in November on a year-over-year basis. To match the demand swell, CPA is increasing its capacity. In November, available seat miles increased 11.9% year over year. With traffic growth outpacing capacity expansion, the load factor (percentage of seats filled by passengers) improved to 87.4% from 87.1% in November 2022. Currently, CPA carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
3. In November, AZUL’s consolidated revenue passenger kilometers and available seat kilometers increased 8.2% and 8.7%, respectively, on a year-over-year basis. The load factor (the percentage of seats filled by passengers) came in at 79.2% in November 2023. On the domestic front, revenue passenger kilometers and available seat kilometers increased 1.7% and 3.3%, year over year, respectively.
4. American Airlines AAL has been added to the Dow Jones Sustainability World Index. This is the first time that AAL has become part of this prestigious index. For the third consecutive year, AAL is part of the Dow Jones Sustainability North America Index. The Dow Jones Sustainability World Index comprises global sustainability leaders as identified by S&P Global through the Corporate Sustainability Assessment. The index represents the top 10% of the largest 2,500 companies in the S&P Global Broad Market Index, based on long-term economic, environmental and social criteria.
Price Performance
The following table shows the price movements of the major airline players over the past week and during the past six months.
Image Source: Zacks Investment Research
The table above shows that all airline stocks have traded in the green over the past week. Consequently, the NYSE ARCA Airline Index has improved 3.9% $66.19 over the past week. Over the course of six months, the sector tracker has declined 8%.
What's Next in the Airline Space?
Stay tuned for the usual news updates in the space.
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
Southwest Airlines Co. (LUV) : Free Stock Analysis Report
Copa Holdings, S.A. (CPA) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
AZUL (AZUL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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LUV expects cost per available seat miles, excluding fuel, oil and profit-sharing expenses, and special items, to decrease 16-19% in the fourth quarter from the comparable period in 2022. Image Source: Zacks Investment Research The table above shows that all airline stocks have traded in the green over the past week. 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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In the past week, Southwest Airlines’ LUV management increased its fourth-quarter 2023 guidance for fuel cost per gallon. Driven by high passenger volumes, revenue passenger miles (a measure of traffic) increased 12.4% at Copa Holdings in November on a year-over-year basis. Click to get this free report Southwest Airlines Co. (LUV) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report AZUL (AZUL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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In the past week, Southwest Airlines’ LUV management increased its fourth-quarter 2023 guidance for fuel cost per gallon. Southwest Airlines’ management expects fourth-quarter 2023 available seat miles to improve 21% from the year-ago reported figure. Click to get this free report Southwest Airlines Co. (LUV) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report AZUL (AZUL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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LUV narrowed its anticipated revenue per available seat mile to a 9-10% decline from a 9-11% dip expected earlier. Image Source: Zacks Investment Research The table above shows that all airline stocks have traded in the green over the past week. Millions of lithium batteries are being made & demand is expected to increase 889%.
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2023-12-11 00:00:00 UTC
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Myriad Genetics' (MYGN) New Partnerships Aid Amid FX Woes
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https://www.nasdaq.com/articles/myriad-genetics-mygn-new-partnerships-aid-amid-fx-woes
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Myriad Genetics MYGN has been benefiting from strategic alliances and a strong product portfolio. However, rising expenses have been denting profits. The stock carries a Zacks Rank #3 (Hold) currently.
As a leading name in genetic testing and precision medicine, Myriad Genetics believes that the key opportunities to grow its Oncology business are the expansion of companion diagnostics, market expansion through new clinical guidelines and new offerings. The company is looking to cash in on the vast potential in the breast cancer screening market. Also, per a report by Grand View Research on Medium, the breast cancer screening market in the United States is expected to reach roughly $6.8 billion by 2028.
In the third quarter of 2023, hereditary cancer testing volumes from the oncology business rose 15% year over year, well above the estimated industry growth, reflecting an enduring franchise and improved brand reputation. Prolaris — the prostate cancer test — continued its momentum, with third-quarter revenues up 18% year over year.
Myriad Genetics, Inc. Price
Myriad Genetics, Inc. price | Myriad Genetics, Inc. Quote
The company entered into a collaboration with Memorial Sloan Kettering Cancer Center to study the use of minimal residual disease (MRD) testing in breast cancer. The research project will use Myriad Genetics' MRD testing platform. This tumor-informed high-definition assay uses whole-genome sequencing to achieve high sensitivity and specificity for circulating tumor DNA (ctDNA). Myriad Genetics' MRD test was selected for its anticipated higher sensitivity and specificity than many other ctDNA offerings.
Myriad Genetics' progress across the globe with respect to myChoiceCDx test seems impressive. The company continues to record strong revenue growth from companion diagnostics, including significant revenue share from its proprietary myChoiceCDx test.
In September 2023, Myriad Genetics announced two key milestones in its strategic partnership with Illumina. The collaboration brought together Myriad’s MyChoice CDx homologous recombination deficiency technology and Illumina’s expertise in comprehensive genomic profiling to broaden clinical research opportunities and drive CDx development for gene-based therapies.
On the flip side, Myriad Genetics has been grappling with escalated expenses for a while. Although the company is gradually coming out of the impact of the two-and-a-half-year-long healthcare crisis, deteriorating international trade, with global inflationary pressure leading to a tough situation related to raw material and labor costs, as well as freight charges and rising interest rates, has put the medical device space in a tight spot.
In the third quarter of 2023, Myriad Genetics’ Research and development expenses rose 17.1% year over year to $24 million. SG&A expenses increased 4.3% to $136.1 million in the reported quarter.
Myriad Genetics receives a considerable portion of its revenues and pays a portion of its expenses in foreign currencies. As a result, the company remains at risk of exchange rate fluctuations between foreign currencies and the U.S. dollar. If the dollar strengthens against foreign currencies, the translation of foreign currency-denominated transactions will result in decreased revenues, operating expenses and net income. Management fears this may not be significantly offset by increased revenues.
Moreover, management does not currently utilize hedging strategies to mitigate foreign currency risk. The strengthening of the dollar has affected many U.S. companies trading in foreign currencies lately.
In the year ended Dec 31, 2022, MYGN’s revenues were negatively impacted by nearly $10.4 million due to foreign currency fluctuations.
Key Picks
Some better-ranked stocks in the broader medical space are Insulet PODD, Haemonetics HAE and DexCom DXCM. While Insulet presently sports a Zacks Rank #1 (Strong Buy), Haemonetics and DexCom carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.
Estimates for Insulet’s 2023 earnings per share have increased from $1.61 to $1.90 in the past 30 days. Shares of the company have decreased 40.9% in the past year compared with the industry’s decline of 7%.
PODD’s earnings surpassed estimates in all the trailing four quarters, the average surprise being 105.1%. In the last reported quarter, it delivered an average earnings surprise of 77.4%.
Haemonetics’ stock has risen 11.6% in the past year. Earnings estimates for Haemonetics have increased from $3.82 to $3.86 for 2023 and from $4.07 to $4.11 for 2024 in the past 30 days.
HAE’s earnings beat estimates in each of the trailing four quarters, delivering an average surprise of 16.1%. In the last reported quarter, it posted an earnings surprise of 5.3%.
Estimates for DexCom’s 2023 earnings per share have increased from $1.23 to $1.41 in the past 30 days. Shares of the company have fallen 7.8% in the past year compared with the industry’s decline of 7.1%.
DXCM’s earnings surpassed estimates in the trailing four quarters, the average surprise being 36.4%. In the last reported quarter, it delivered an average earnings surprise of 47.1%.
The New Gold Rush: How Lithium Batteries Will Make Millionaires
As the electric vehicle revolution expands, investors have a chance to target huge gains. 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
Haemonetics Corporation (HAE) : Free Stock Analysis Report
Myriad Genetics, Inc. (MYGN) : Free Stock Analysis Report
DexCom, Inc. (DXCM) : Free Stock Analysis Report
Insulet Corporation (PODD) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Also, per a report by Grand View Research on Medium, the breast cancer screening market in the United States is expected to reach roughly $6.8 billion by 2028. Although the company is gradually coming out of the impact of the two-and-a-half-year-long healthcare crisis, deteriorating international trade, with global inflationary pressure leading to a tough situation related to raw material and labor costs, as well as freight charges and rising interest rates, has put the medical device space in a tight spot. 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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Myriad Genetics, Inc. Price Myriad Genetics, Inc. price | Myriad Genetics, Inc. Quote The company continues to record strong revenue growth from companion diagnostics, including significant revenue share from its proprietary myChoiceCDx test. Click to get this free report Haemonetics Corporation (HAE) : Free Stock Analysis Report Myriad Genetics, Inc. (MYGN) : Free Stock Analysis Report DexCom, Inc. (DXCM) : Free Stock Analysis Report Insulet Corporation (PODD) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Myriad Genetics, Inc. Price Myriad Genetics, Inc. price | Myriad Genetics, Inc. Quote In the third quarter of 2023, Myriad Genetics’ Research and development expenses rose 17.1% year over year to $24 million. Click to get this free report Haemonetics Corporation (HAE) : Free Stock Analysis Report Myriad Genetics, Inc. (MYGN) : Free Stock Analysis Report DexCom, Inc. (DXCM) : Free Stock Analysis Report Insulet Corporation (PODD) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Myriad Genetics, Inc. Price Myriad Genetics, Inc. price | Myriad Genetics, Inc. Quote In the third quarter of 2023, Myriad Genetics’ Research and development expenses rose 17.1% year over year to $24 million. SG&A expenses increased 4.3% to $136.1 million in the reported quarter.
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2023-12-11 00:00:00 UTC
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5 Reasons to Buy Disney Stock Like There's No Tomorrow
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https://www.nasdaq.com/articles/5-reasons-to-buy-disney-stock-like-theres-no-tomorrow
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The good news is that Walt Disney (NYSE: DIS) is no longer trading lower this year. The bad news is that shares of the entertainment giant are only 7% higher in 2023 through Wednesday's close, still losing sorely to the bubbly market.
Investors aren't exactly impressed with the House of Mouse these days. Analyst profit targets have been heading lower in recent weeks, contrasting the buoyancy in more popular stocks. Analysts see revenue climbing a mere 4% for this new fiscal year as well as 2025. However, things can -- and ideally should -- change. Let's go over some of the reasons why now might be a great time to buy Disney stock like there's no tomorrow.
1. The valuation makes sense
Compare Disney's fundamentals today to what they were when the stock peaked nearly three years ago at more than double today's price and it's as goofy as, well, Goofy. Revenue has soared 36% in that time, and the profitability picture is even brighter. Disney stock is trading for a reasonable 21 times this new fiscal year's projected net income. The multiple drops to less than 18 if you look out to next year's analyst consensus.
It's been a long time since you were able to pick up shares of Disney for a year-ahead P/E ratio in the teens. For a consumer-facing company where so many components rely on folks feeling financially comfortable to spend money on leisure and entertainment, the stock is historically cheap for an obvious winner in an improving economy.
Image source: Disney.
2. Streaming is no longer a headwind
The initial success of Disney+ is why shares of the media stock bellwether took off less than a year into the pandemic. It's been a drag over the last two years, as investors fret about losses at Disney+, Hulu, and ESPN+. Disney has vowed to turn its streaming business profitable by the end of this new fiscal year, a game changer for the bears that have been ticking short interest near a four-year high lately.
A combination of Disney cutting costs, raising prices for its premium ad-free formats, and introducing cheaper ad-supported streaming services is finally starting to bear fruit. The direct-to-consumer streaming segment that delivered a $4 billion operating loss in 2022 and improved to a still unacceptable $2.6 billion loss in the recently concluded fiscal 2023 is no longer buffering. The segment's operating deficit contracted to $387 million in its latest quarter, and Disney continues to reiterate it will get out of the red by the end of September.
3. It's a big world after all
One Disney business that is already substantially ahead of pre-pandemic levels is its industry-leading theme parks. Higher admissions and premium visit-enhancing add-ons have positioned Disney World and Disneyland to succeed even when turnstile clicks slow.
Average revenue per daily guest is 40% higher than it was in 2019. The segment's record trailing performance finds it spending more on its gated attractions, even at a time when it's paring back its expenses elsewhere. Disney announced in September that it will roughly double the capital expenditures for its theme parks, cruise lines, and other experiences to $60 billion over the next 10 years. With Disney's experiences segment accounting for 37% of the revenue in fiscal 2023 but 70% of the operating profit it's easy to see why it's investing heavily to build on that success. Have you noticed that the country's two largest cruise line operators have seen their stocks more than double this year?
4. Content is still king
With CEO Bob Iger already making headway on his initial promise to turn its streaming business around, his desire to improve on Disney's recent content woes is no longer on the back burner. Disney has had an uncharacteristically bad run at the box office with more flops than hits. It also needs to feed its streaming services with more magnetic content.
It wasn't an easy task to tackle when writers and the Screen Actors Guild were striking, but with both of those disputes out of the way Iger is ready to earn his extended term. You won't see the results right away. Disney had to bump some releases deeper into the calendar. It's bringing some of its pandemic-era direct-to-Disney+ releases to big screen, with Soul, Luca, and Turning Red hitting theaters for the first time in the next three months. They won't earn much, and bears will celebrate the head fake. The real results will come later as Iger aims to regain the magic touch that was par for the course in his first stint at the helm.
5. The dividend is back
Disney restored is semiannual payouts this month. You aren't likely to buy the stock for its meager 0.7% yield, but it will attract income investors and likely improve shareholder turnover.
More importantly, the dividend coming back after four years is a sign that nature is healing at Disney. The new fiscal year that started in October promises payouts, explosive bottom-line growth, and a return to Disney's core strengths. The stock chart may not look like a fairy tale, but today's investors could be ready to live happily ever after at today's prices.
Should you invest $1,000 in Walt Disney right now?
Before you buy stock in Walt Disney, 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 Walt Disney wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
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See the 10 stocks
*Stock Advisor returns as of December 11, 2023
Rick Munarriz has positions in Walt Disney. The Motley Fool has positions in and recommends Walt Disney. 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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For a consumer-facing company where so many components rely on folks feeling financially comfortable to spend money on leisure and entertainment, the stock is historically cheap for an obvious winner in an improving economy. Disney has vowed to turn its streaming business profitable by the end of this new fiscal year, a game changer for the bears that have been ticking short interest near a four-year high lately. A combination of Disney cutting costs, raising prices for its premium ad-free formats, and introducing cheaper ad-supported streaming services is finally starting to bear fruit.
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Disney stock is trading for a reasonable 21 times this new fiscal year's projected net income. Before you buy stock in Walt Disney, 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 Walt Disney wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Rick Munarriz has positions in Walt Disney.
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Disney stock is trading for a reasonable 21 times this new fiscal year's projected net income. Before you buy stock in Walt Disney, 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 Walt Disney wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Rick Munarriz has positions in Walt Disney.
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Analysts see revenue climbing a mere 4% for this new fiscal year as well as 2025. With Disney's experiences segment accounting for 37% of the revenue in fiscal 2023 but 70% of the operating profit it's easy to see why it's investing heavily to build on that success. Before you buy stock in Walt Disney, 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 Walt Disney wasn't one of them.
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713874.0
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2023-12-11 00:00:00 UTC
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Why Rivian Stock Surged Thursday
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https://www.nasdaq.com/articles/why-rivian-stock-surged-thursday
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Many aggressive growth stocks are rising Thursday as Treasury yields drop and investors anticipate Federal Reserve rate cuts ahead. But shares of electric vehicle maker Rivian Automotive (NASDAQ: RIVN) are rising for another reason, too.
Rivian shares spiked as much as 10.6% Thursday morning, settling to a gain of 7% as of 10:45 a.m. ET.
New fleet customer
The news helping to boost the stock was the announcement of a new pilot deal with media giant AT&T for Rivian's electric commercial vans and trucks. AT&T will begin adding the Rivian van and R1 platform trucks to its fleet early next year. The program is meant to enable AT&T to "begin evaluating the various ways these vehicles help improve safety, reduce costs and cut its carbon footprint."
The deal is especially significant for Rivian because it marks the first new customer for its commercial vans beyond Amazon. Rivian has been delivering vans to Amazon for an exclusive 100,000-vehicle order.
But Rivian announced the exclusivity component was ending when it reported third-quarter earnings in early November. Today's announcement marks the first new customer deal for the electric vans.
Tailwinds ahead
Rivian shares have surged about 30% over the last month since that third-quarter report. Investors became more optimistic about the stock's potential after Rivian boosted its 2023 production guidance and due to a lower interest rate environment.
Treasury yields have dropped as the Fed signals the end to the interest rate hike cycle. Many now expect rate cuts in 2024. That's good news for aggressive growth stocks like Rivian that will likely continue to need more capital to grow.
Today's news is yet another tailwind for Rivian. It will begin construction on a new manufacturing plant early next year. The pilot program with AT&T for Rivian commercial vans could be a sign that demand beyond Amazon for its commercial offerings will help fill that plant. That's why aggressive investors might want to own some Rivian stock now.
Should you invest $1,000 in Rivian Automotive right now?
Before you buy stock in Rivian Automotive, consider this:
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See the 10 stocks
*Stock Advisor returns as of December 11, 2023
John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Howard Smith has positions in AT&T, Amazon, and Rivian Automotive. The Motley Fool has positions in and recommends Amazon. 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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Many aggressive growth stocks are rising Thursday as Treasury yields drop and investors anticipate Federal Reserve rate cuts ahead. New fleet customer The news helping to boost the stock was the announcement of a new pilot deal with media giant AT&T for Rivian's electric commercial vans and trucks. The program is meant to enable AT&T to "begin evaluating the various ways these vehicles help improve safety, reduce costs and cut its carbon footprint."
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Many aggressive growth stocks are rising Thursday as Treasury yields drop and investors anticipate Federal Reserve rate cuts ahead. But shares of electric vehicle maker Rivian Automotive (NASDAQ: RIVN) are rising for another reason, too. 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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New fleet customer The news helping to boost the stock was the announcement of a new pilot deal with media giant AT&T for Rivian's electric commercial vans and trucks. 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. See the 10 stocks *Stock Advisor returns as of December 11, 2023 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors.
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New fleet customer The news helping to boost the stock was the announcement of a new pilot deal with media giant AT&T for Rivian's electric commercial vans and trucks. Tailwinds ahead Rivian shares have surged about 30% over the last month since that third-quarter report. 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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10f6e7a9-ac81-4095-8dbe-81981ac7228a
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713875.0
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2023-12-11 00:00:00 UTC
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HSBC to Further Engage in Mergers, Disposals for Asia Expansion
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https://www.nasdaq.com/articles/hsbc-to-further-engage-in-mergers-disposals-for-asia-expansion
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As part of its plan to expand in Asia and serve wealthy customers, HSBC Holdings plc HSBC is looking to engage in mergers and get rid of the unprofitable units around the region. The move comes as the bank wants to perfect its growth strategy in order to deliver the best shareholder returns.
HSBC’s Asia-Pacific co-CEO, David Liao, said in an interview, “While organic growth will continue to be a core expansion strategy for HSBC, mergers, acquisitions and disposals will be a key strategy to expand in new markets and to strengthen our existing business lines. We will only conduct a deal when the targets can be fully integrated into our existing businesses. At the same time, we will dispose of businesses in markets that do not have the scale or growth potential.”
HSBC’s increased focus on shareholder returns partly reflects the bank’s new strategy to divert attention from the break-up call by Ping An Insurance Group.
Ping An Insurance Group, HSBC’s largest shareholder, had called for the bank to separately list its Asia arm in Hong Kong to push the lender to make structural changes to enhance its value.
Moreover, HSBC’s move to buy financial businesses is consistent with its plan of growing the wealth management, family office and private banking business across the fastest-growing region worldwide.
Liao stated, “Many entrepreneurs have established their businesses for decades and accumulated much wealth. HSBC has developed a range of private banking, family office, wealth management and insurance services to capture these growing opportunities.”
Consistent with its Asia expansion plans, HSBC has been undertaking several measures to bolster its performance. Recently, HSBC Asset Management agreed to acquire Singapore-based real estate private equity firm SilkRoad Property Partners.
In October 2023, HSBC, through its wholly-owned subsidiary, HSBC Bank (China) Company Limited, announced an agreement to acquire Citigroup’s C retail wealth management portfolio in mainland China.
As a result of the sale, Citigroup will transfer assets under management and deposits worth $3.6 billion, and associated wealth customers in 11 major cities to HSBC Bank China.
As HSBC intends to position itself as a top bank for high-net-worth and ultra-high-net-worth clients in Asia, the bank has re-launched its private banking business in India after eight years.
In 2022, HSBC acquired 100% of the issued share capital of AXA Insurance in Singapore and L&T Investment Management Limited.
HSBC raised its ownership stake in its China securities joint venture — HSBC Qianhai Securities Limited — to 90% from 51%.
Liao said, “This reflects HSBC's commitment to expand on the mainland as we believe the country will continue to open up its financial services sector, and the future growth will be huge.”
In addition to the above-mentioned mergers, HSBC has been continuously restructuring its operations to further improve operating efficiency. In 2020, the company announced its transformation plan to reshape underperforming businesses, simplify complex organizations and reduce costs.
In November 2022, HSBC signed an agreement to divest its Canada banking business to the Royal Bank of Canada RY (expected to close in the first quarter of 2024). Per the agreement, RY will acquire all issued common equity of HSBC Canada. The deal will increase RY’s market share in the Canada banking landscape, which is already dominated by a few large firms.
Moreover, HSBC has exited from the United States and Greece retail banking space, and is in the process of divesting retail banking operations in France and New Zealand, as well as fully exiting Russia.
HSBC’s Asia pivot story is already in progress. As part of its transformation plan, the company realized gross savings of $5.6 billion as of 2022-end, with cost to achieve a spend of $6.5 billion. The company expects to achieve an additional $1 billion of gross cost savings this year because of the actions undertaken in 2022.
Notably, HSBC’s brand, capital strength, extensive global network, and positioning enable it to continuously attract and retain clients. The company’s product and service leadership in alternative investments, foreign exchange, credit,investment adviceand many other cross-border banking services help it widen its customer base.
Over the past six months, shares of HSBC have gained 1.1% compared with the industry’s growth of 7.1%.
Image Source: Zacks Investment Research
Currently, HSBC carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks 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
Citigroup Inc. (C) : Free Stock Analysis Report
Royal Bank Of Canada (RY) : Free Stock Analysis Report
HSBC Holdings plc (HSBC) : 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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HSBC’s increased focus on shareholder returns partly reflects the bank’s new strategy to divert attention from the break-up call by Ping An Insurance Group. Ping An Insurance Group, HSBC’s largest shareholder, had called for the bank to separately list its Asia arm in Hong Kong to push the lender to make structural changes to enhance its value. As a result of the sale, Citigroup will transfer assets under management and deposits worth $3.6 billion, and associated wealth customers in 11 major cities to HSBC Bank China.
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Moreover, HSBC’s move to buy financial businesses is consistent with its plan of growing the wealth management, family office and private banking business across the fastest-growing region worldwide. In October 2023, HSBC, through its wholly-owned subsidiary, HSBC Bank (China) Company Limited, announced an agreement to acquire Citigroup’s C retail wealth management portfolio in mainland China. Click to get this free report Citigroup Inc. (C) : Free Stock Analysis Report Royal Bank Of Canada (RY) : Free Stock Analysis Report HSBC Holdings plc (HSBC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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In October 2023, HSBC, through its wholly-owned subsidiary, HSBC Bank (China) Company Limited, announced an agreement to acquire Citigroup’s C retail wealth management portfolio in mainland China. As HSBC intends to position itself as a top bank for high-net-worth and ultra-high-net-worth clients in Asia, the bank has re-launched its private banking business in India after eight years. Click to get this free report Citigroup Inc. (C) : Free Stock Analysis Report Royal Bank Of Canada (RY) : Free Stock Analysis Report HSBC Holdings plc (HSBC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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HSBC’s Asia-Pacific co-CEO, David Liao, said in an interview, “While organic growth will continue to be a core expansion strategy for HSBC, mergers, acquisitions and disposals will be a key strategy to expand in new markets and to strengthen our existing business lines. Moreover, HSBC’s move to buy financial businesses is consistent with its plan of growing the wealth management, family office and private banking business across the fastest-growing region worldwide. In October 2023, HSBC, through its wholly-owned subsidiary, HSBC Bank (China) Company Limited, announced an agreement to acquire Citigroup’s C retail wealth management portfolio in mainland China.
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713876.0
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2023-12-11 00:00:00 UTC
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United Natural (UNFI) Poised on Transformation Initiatives
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https://www.nasdaq.com/articles/united-natural-unfi-poised-on-transformation-initiatives
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United Natural Foods, Inc. UNFI is focusing on operational improvements and strategic initiatives to fuel efficiency and profitability. Despite facing challenges in the retail food space, the company is concentrating on short-term and long-term transformation efforts.
United Natural has witnessed a consistent decline in inflation rates. In the first quarter of fiscal 2024, the company pointed out a significant reduction in inflation by 200 basis points from the fourth quarter of fiscal 2023. This trend suggests a slowdown in the rate of price hikes.
On the strategic front, UNFI has made progress in managing shrink, improving supply-chain stability and realizing value-creation initiatives, which are expected to deliver $150 million in operating efficiencies in fiscal 2024. The company is also focusing on network optimization and expanding automation systems, including consolidating distribution centers.
Image Source: Zacks Investment Research
E-commerce Efforts Bode Well
United Natural gains from its robust e-commerce operations, bolstered by enhanced digital offerings. Many of its independent and chain channels are now equipped with e-commerce capabilities to serve its clientele. Additionally, UNFI provides essential digital platforms and support to meet customer needs.
The company has been strongly working on empowering online sales. It started a program called UNFI Insights, a value-added supplier initiative. The company also began Community Marketplace, an online platform for businesses. This platform is specially made for new and growing brands, helping them reach more customers through United Natural's network.
Retail Unit Hurdles
In the first quarter of fiscal 2024, United Natural experienced a modest drop in its retail business segment sales. The retail segment saw a 1.1% decline in sales from the previous year primarily due to broader economic and industry challenges. These challenges encompass various factors, such as shifts in consumer behavior, heightened competition and economic strains that are influencing consumer spending habits.
Shares of this Zacks Rank #3 (Hold) company have lost 18% in the past three months compared with the industry’s decline of 1.2%.
Three Solid Picks
We have highlighted three better-ranked stocks, namely MGP Ingredients, Inc. MGPI, Celsius Holdings CELH and The Kraft Heinz Company KHC.
MGP Ingredients produces and markets ingredients and distillery products to the packaged goods industry. The company currently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for MGP Ingredients’ current financial-year sales and EPS suggests growth of 6% and 14.2%, respectively, from the year-ago reported figures. MGPI has a trailing four-quarter earnings surprise of 16.2%, on average.
Celsius Holdings, which offers functional drinks and liquid supplements, currently carries a Zacks Rank #2. CELH delivered an earnings surprise of 81.6% in the third quarter of 2023.
The Zacks Consensus Estimate for Celsius Holdings’ current financial-year sales and earnings suggests growth of 98.5% and 185.2%, respectively, from the year-ago reported numbers. CELH has a trailing four-quarter earnings surprise of 110.9%, on average.
The Kraft Heinz Company is one of the largest consumer packaged food and beverage companies. It currently carries a Zacks Rank #2.
The Zacks Consensus Estimate for The Kraft Heinz Company’s current financial-year sales and earnings suggests growth of 1.1% and 6.5%, respectively, from the year-ago reported numbers. KHC has a trailing four-quarter earnings surprise of 9.9%, on average.
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
United Natural Foods, Inc. (UNFI) : Free Stock Analysis Report
Kraft Heinz Company (KHC) : Free Stock Analysis Report
MGP Ingredients, Inc. (MGPI) : Free Stock Analysis Report
Celsius Holdings Inc. (CELH) : 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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On the strategic front, UNFI has made progress in managing shrink, improving supply-chain stability and realizing value-creation initiatives, which are expected to deliver $150 million in operating efficiencies in fiscal 2024. Three Solid Picks We have highlighted three better-ranked stocks, namely MGP Ingredients, Inc. MGPI, Celsius Holdings CELH and The Kraft Heinz Company KHC. 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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The Zacks Consensus Estimate for Celsius Holdings’ current financial-year sales and earnings suggests growth of 98.5% and 185.2%, respectively, from the year-ago reported numbers. The Zacks Consensus Estimate for The Kraft Heinz Company’s current financial-year sales and earnings suggests growth of 1.1% and 6.5%, respectively, from the year-ago reported numbers. Click to get this free report United Natural Foods, Inc. (UNFI) : Free Stock Analysis Report Kraft Heinz Company (KHC) : Free Stock Analysis Report MGP Ingredients, Inc. (MGPI) : Free Stock Analysis Report Celsius Holdings Inc. (CELH) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Consensus Estimate for Celsius Holdings’ current financial-year sales and earnings suggests growth of 98.5% and 185.2%, respectively, from the year-ago reported numbers. The Zacks Consensus Estimate for The Kraft Heinz Company’s current financial-year sales and earnings suggests growth of 1.1% and 6.5%, respectively, from the year-ago reported numbers. Click to get this free report United Natural Foods, Inc. (UNFI) : Free Stock Analysis Report Kraft Heinz Company (KHC) : Free Stock Analysis Report MGP Ingredients, Inc. (MGPI) : Free Stock Analysis Report Celsius Holdings Inc. (CELH) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Retail Unit Hurdles In the first quarter of fiscal 2024, United Natural experienced a modest drop in its retail business segment sales. Three Solid Picks We have highlighted three better-ranked stocks, namely MGP Ingredients, Inc. MGPI, Celsius Holdings CELH and The Kraft Heinz Company KHC. CELH delivered an earnings surprise of 81.6% in the third quarter of 2023.
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3fe5f590-dd6f-4555-8171-032a68516358
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713877.0
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2023-12-11 00:00:00 UTC
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Why Old Republic (ORI) Shares Are Attracting Investors Now
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https://www.nasdaq.com/articles/why-old-republic-ori-shares-are-attracting-investors-now
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Old Republic International Corporation ORI has been in investors’ good books due to its solid market presence, niche focus, low property catastrophe exposure in its General Insurance segment and strong capital position.
Optimistic Growth Projections
The Zacks Consensus Estimate for ORI’s 2024 revenues is pegged at $7.70 billion, indicating a 3.1% increase from the year-ago reported figure.
Earnings Surprise History
Old Republic International has a solid record of beating earnings estimates in each of the last four quarters, the average being 28.59%.
Zacks Rank & Price Performance
Old Republic International currently carries a Zacks Rank #2 (Buy). In the past year, the stock has gained 24%, outperforming the industry’s growth of 3.7%.
Image Source: Zacks Investment Research
Style Score
Old Republic International has a VGM Score of B. VGM Score helps identify stocks with the most attractive value, best growth and the most promising momentum.
Back-tested results have shown that stocks with a VGM Score of A or B combined with a Zacks Rank #1 (Strong Buy) or #2 offer better returns.
Attractive Valuation
ORI shares are trading at a price-to-book multiple of 1.39, lower than the industry average of 2.62.
The company has a Value Score of A. This style score helps find the most attractive value stocks.
Business Tailwinds
ORI’s General Insurance segment should continue to benefit from segmentation, better risk selection, meticulous pricing and increased use of analytics. These have helped it deliver a combined ratio below 96 for 14 years. ORI aims for a combined ratio between 90 and 95.
The Title business should continue to benefit from an expanding presence in the commercial real estate market.
This third-largest title insurer in the country has been strengthening its balance sheet by improving its cash balance and lowering the leverage ratio.
ORI has an impressive dividend history banking on operational excellence. It increased dividends for 42 straight years. It has been paying out dividends for the past 82 years, beside paying out special dividends occasionally. Its dividend yield of 3.3% betters the industry average of 2.6%, making it an attractive pick for yield-seeking investors.
Notably, Old Republic International is one of the 111 companies that have posted at least 27 consecutive years of annual dividend growth.
Other Stocks to Consider
Some other top-ranked stocks from the multi-line insurance industry are Assurant, Inc. AIZ, Everest Group, Ltd. EG and Goosehead Insurance GSHD, each sporting a Zacks Rank #1 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Assurant’s earnings surpassed estimates in each of the last four quarters, delivering an average surprise of 42.38%.
The Zacks Consensus Estimate for AIZ’s 2023 and 2024 earnings implies 30.8% and 3.6% growth, respectively, year over year. In the past year, the insurer has gained 34.9%.
Everest Group’s earnings surpassed estimates in three of the last four quarters and missed in one, delivering an average surprise of 24.50%.
The Zacks Consensus Estimate for EG’s 2023 and 2024 earnings implies 105.32% and 10.98% year-over-year growth, respectively. In the past year, the insurer has gained 19.3%.
Goosehead Insurance’s earnings surpassed estimates in three of the last four quarters and missed in one, delivering an average surprise of 100.43%.
The Zacks Consensus Estimate for GSHD’s 2023 and 2024 earnings implies 150.9% and 28.2% growth, respectively, on a year-over-year basis. In the past year, the insurer has gained 82.4%.
The New Gold Rush: How Lithium Batteries Will Make Millionaires
As the electric vehicle revolution expands, investors have a chance to target huge gains. 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
Assurant, Inc. (AIZ) : Free Stock Analysis Report
Old Republic International Corporation (ORI) : Free Stock Analysis Report
Goosehead Insurance (GSHD) : 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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Old Republic International Corporation ORI has been in investors’ good books due to its solid market presence, niche focus, low property catastrophe exposure in its General Insurance segment and strong capital position. Optimistic Growth Projections The Zacks Consensus Estimate for ORI’s 2024 revenues is pegged at $7.70 billion, indicating a 3.1% increase from the year-ago reported figure. 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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Image Source: Zacks Investment Research Style Score Old Republic International has a VGM Score of B. VGM Score helps identify stocks with the most attractive value, best growth and the most promising momentum. Other Stocks to Consider Some other top-ranked stocks from the multi-line insurance industry are Assurant, Inc. AIZ, Everest Group, Ltd. EG and Goosehead Insurance GSHD, each sporting a Zacks Rank #1 at present. Click to get this free report Assurant, Inc. (AIZ) : Free Stock Analysis Report Old Republic International Corporation (ORI) : Free Stock Analysis Report Goosehead Insurance (GSHD) : 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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Image Source: Zacks Investment Research Style Score Old Republic International has a VGM Score of B. VGM Score helps identify stocks with the most attractive value, best growth and the most promising momentum. Other Stocks to Consider Some other top-ranked stocks from the multi-line insurance industry are Assurant, Inc. AIZ, Everest Group, Ltd. EG and Goosehead Insurance GSHD, each sporting a Zacks Rank #1 at present. Click to get this free report Assurant, Inc. (AIZ) : Free Stock Analysis Report Old Republic International Corporation (ORI) : Free Stock Analysis Report Goosehead Insurance (GSHD) : 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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These have helped it deliver a combined ratio below 96 for 14 years. Other Stocks to Consider Some other top-ranked stocks from the multi-line insurance industry are Assurant, Inc. AIZ, Everest Group, Ltd. EG and Goosehead Insurance GSHD, each sporting a Zacks Rank #1 at present. The Zacks Consensus Estimate for AIZ’s 2023 and 2024 earnings implies 30.8% and 3.6% growth, respectively, year over year.
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713878.0
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2023-12-11 00:00:00 UTC
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Here's Why Lions Gate Entertainment (LGF.A) is a Strong Growth Stock
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https://www.nasdaq.com/articles/heres-why-lions-gate-entertainment-lgf.a-is-a-strong-growth-stock
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value Score
For value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth Score
Growth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum Score
Momentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM Score
What if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Lions Gate Entertainment (LGF.A)
Lionsgate has evolved as a leading global content provider based on its massive film and television library that has nearly 18,000 titles. The company produces and distributes motion pictures for theatrical as well as straight-to-video release, and television programming. It also has interest in video game business, particularly in esports.
LGF.A is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Additionally, the company could be a top pick for growth investors. LGF.A has a Growth Style Score of A, forecasting year-over-year earnings growth of 1125% for the current fiscal year.
For fiscal 2024, three analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0 to $0.49 per share. LGF.A boasts an average earnings surprise of 1070.8%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, LGF.A should be on investors' short list.
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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Lions Gate Entertainment Corp. (LGF.A) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. Stock to Watch: Lions Gate Entertainment (LGF.A) Lionsgate has evolved as a leading global content provider based on its massive film and television library that has nearly 18,000 titles. 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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The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio. Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance.
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The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
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How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio. That's where the Style Scores come in. Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
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87aaa2fc-089f-4ff4-b61c-ac4a1cd1fcc8
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713879.0
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2023-12-11 00:00:00 UTC
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Validea's Top Communication Services Stocks Based On Peter Lynch - 12/14/2023
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DCOMP
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https://www.nasdaq.com/articles/valideas-top-communication-services-stocks-based-on-peter-lynch-12-14-2023
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The following are the top rated Communication Services stocks according to Validea's P/E/Growth Investor model based on the published strategy of Peter Lynch. This strategy looks for stocks trading at a reasonable price relative to earnings growth that also possess strong balance sheets.
IDT CORPORATION (IDT) is a small-cap growth stock in the Communications Services industry. The rating according to our strategy based on Peter Lynch is 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: IDT Corporation is a provider of fintech and communications services. Its businesses include National Retail Solutions (NRS), BOSS Money, net2phone, IDT Digital Payments, BOSS Revolution Calling and IDT Global. NRS, through its point-of-sale (POS) platform, enables independent retailers to operate while providing advertisers and marketers with unprecedented reach into underserved consumer markets. BOSS Money provides international money remittance services markets to immigrant communities across the United States and Canada. BOSS Money enables retail customers to send money to friends and family in 47 countries in Latin America and the Caribbean, Africa, Europe and Asia. net2phone provides enterprises and organizations with intelligently integrated cloud communications and contact center services across channels and devices. IDT Digital Payments provides a range of prepaid digital products, including mobile airtime top-up, mobile data bundles, digital gift cards and other offerings.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of IDT CORPORATION
IDT Guru Analysis
IDT Fundamental Analysis
SCHOLASTIC CORP (SCHL) is a small-cap growth stock in the Printing & Publishing industry. The rating according to our strategy based on Peter Lynch is 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Scholastic Corporation is a publisher and distributor of children's books. The Company operates through three segments: Children's Book Publishing and Distribution, Education Solutions and International. The Children's Book Publishing and Distribution segment operates as an integrated business, which includes the publication and distribution of children's books, e-books, media and interactive products in the United States through its book clubs and book fairs in its school channels and through the trade channel. The Education Solutions segment includes the publication and distribution to schools and libraries of children's books, classroom magazines, print and digital supplemental and core classroom materials and programs and related support services, and print and on-line reference and non-fiction products for grades pre-kindergarten to 12 in the United States. The International segment includes the publication and distribution of products and services outside the United States.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
EPS GROWTH RATE: FAIL
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of SCHOLASTIC CORP
SCHL Guru Analysis
SCHL Fundamental Analysis
Peter Lynch Portfolio
Top Peter Lynch Stocks
About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Lynch's common sense approach and quick wit made him one of the most quoted investors on Wall Street. ("Go for a business that any idiot can run -- because sooner or later, any idiot probably is going to run it," is one of his many pearls of wisdom.) Lynch's bestseller One Up on Wall Street is something of a "stocks for the everyman/everywoman", breaking his approach down into easy-to-understand concepts.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The following are the top rated Communication Services stocks according to Validea's P/E/Growth Investor model based on the published strategy of Peter Lynch. The Education Solutions segment includes the publication and distribution to schools and libraries of children's books, classroom magazines, print and digital supplemental and core classroom materials and programs and related support services, and print and on-line reference and non-fiction products for grades pre-kindergarten to 12 in the United States. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig.
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The following are the top rated Communication Services stocks according to Validea's P/E/Growth Investor model based on the published strategy of Peter Lynch. Detailed Analysis of IDT CORPORATION IDT Guru Analysis IDT Fundamental Analysis SCHOLASTIC CORP (SCHL) is a small-cap growth stock in the Printing & Publishing industry. Detailed Analysis of SCHOLASTIC CORP SCHL Guru Analysis SCHL Fundamental Analysis Peter Lynch Portfolio Top Peter Lynch Stocks About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time.
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Detailed Analysis of IDT CORPORATION IDT Guru Analysis IDT Fundamental Analysis SCHOLASTIC CORP (SCHL) is a small-cap growth stock in the Printing & Publishing industry. The Children's Book Publishing and Distribution segment operates as an integrated business, which includes the publication and distribution of children's books, e-books, media and interactive products in the United States through its book clubs and book fairs in its school channels and through the trade channel. Detailed Analysis of SCHOLASTIC CORP SCHL Guru Analysis SCHL Fundamental Analysis Peter Lynch Portfolio Top Peter Lynch Stocks About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time.
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The following are the top rated Communication Services stocks according to Validea's P/E/Growth Investor model based on the published strategy of Peter Lynch. IDT CORPORATION (IDT) is a small-cap growth stock in the Communications Services industry. Its businesses include National Retail Solutions (NRS), BOSS Money, net2phone, IDT Digital Payments, BOSS Revolution Calling and IDT Global.
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290e97cb-b42a-4ec4-b0e8-2c0aa08b7294
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713880.0
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2023-12-11 00:00:00 UTC
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Validea's Top Materials Stocks Based On Joel Greenblatt - 12/14/2023
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https://www.nasdaq.com/articles/valideas-top-materials-stocks-based-on-joel-greenblatt-12-14-2023
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The following are the top rated Materials stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. This value model looks for companies with high return on capital and earnings yields.
TECNOGLASS INC (TGLS) is a small-cap value stock in the Constr. - Supplies & Fixtures industry. The rating according to our strategy based on Joel Greenblatt is 90% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Tecnoglass Inc. (Tecnoglass) is a holding company. The Company is a manufacturer of architectural glass and windows for the western hemisphere residential and commercial construction industries. It manufactures a range of glass products installed primarily in commercial and residential buildings, including tempered safety, double thermo-acoustic and laminated glass. Its products are installed in hotels, residential buildings, commercial and corporate centers, universities, airports and hospitals in a range of applications, such as floating facades, windows, doors, handrails, interior and bathroom spatial dividers. Tecnoglass also produces aluminum products, such as profiles, rods, bars, plates and other hardware used in the manufacture of windows. It designs, manufactures, markets and installs architectural systems for high, medium and low rise construction, glass and aluminum windows and doors, office dividers and interiors, floating facades and commercial display windows.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: PASS
Detailed Analysis of TECNOGLASS INC
TGLS Guru Analysis
TGLS Fundamental Analysis
FERROGLOBE PLC (GSM) is a small-cap value stock in the Iron & Steel industry. The rating according to our strategy based on Joel Greenblatt is 80% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Ferroglobe PLC is a producer of silicon metal, silicon-based, and manganese-based specialty alloys. The Company is involved in quartz mining activities in Spain, the United States, Canada; and South Africa, low-ash metallurgical coal mining activities in the United States, and interests in hydroelectric power in France. The Company operates through four segments: United States of America, Canada, France, and Spain. It is a specialist in inoculation and modularization techniques for the iron foundry industry. It sells its products to a diverse base of customers in a varied range of industries, such as aluminum, silicone compounds used in the chemical industry, ductile iron, automotive parts, renewable energy, photovoltaic (solar) cells, electronic semiconductors, and steel. Its solutions include silicon metal, manganese alloys, ferrosilicon, foundry products, calcium silicon, silica fume, electrodes, pulverized products, silicon for advanced technologies, and other products.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS YIELD: NEUTRAL
RETURN ON TANGIBLE CAPITAL: NEUTRAL
FINAL RANKING: FAIL
Detailed Analysis of FERROGLOBE PLC
GSM Guru Analysis
GSM Fundamental Analysis
Joel Greenblatt Portfolio
Top Joel Greenblatt Stocks
About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. The "Magic Formula," as he called it, produced back-tested returns of 30.8 percent per year from 1988 through 2004, more than doubling the S&P 500's 12.4 percent return during that time. Greenblatt also produced exceptional returns as managing partner at Gotham Capital, a New York City-based hedge fund he founded. The firm averaged a remarkable 40 percent annualized return over more than two decades.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The following are the top rated Materials stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. Its products are installed in hotels, residential buildings, commercial and corporate centers, universities, airports and hospitals in a range of applications, such as floating facades, windows, doors, handrails, interior and bathroom spatial dividers. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig.
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The following are the top rated Materials stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. Detailed Analysis of TECNOGLASS INC TGLS Guru Analysis TGLS Fundamental Analysis FERROGLOBE PLC (GSM) is a small-cap value stock in the Iron & Steel industry. Detailed Analysis of FERROGLOBE PLC GSM Guru Analysis GSM Fundamental Analysis Joel Greenblatt Portfolio Top Joel Greenblatt Stocks About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables.
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The rating according to our strategy based on Joel Greenblatt is 90% based on the firm’s underlying fundamentals and the stock’s valuation. Detailed Analysis of TECNOGLASS INC TGLS Guru Analysis TGLS Fundamental Analysis FERROGLOBE PLC (GSM) is a small-cap value stock in the Iron & Steel industry. Detailed Analysis of FERROGLOBE PLC GSM Guru Analysis GSM Fundamental Analysis Joel Greenblatt Portfolio Top Joel Greenblatt Stocks About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables.
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The following are the top rated Materials stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. Company Description: Tecnoglass Inc. (Tecnoglass) is a holding company. Detailed Analysis of TECNOGLASS INC TGLS Guru Analysis TGLS Fundamental Analysis FERROGLOBE PLC (GSM) is a small-cap value stock in the Iron & Steel industry.
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67cf30f2-570e-4fc3-a9b6-04865a5571dc
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713881.0
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2023-12-11 00:00:00 UTC
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4 Charts That Show Why DraftKings Stock Can Still Soar Higher
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https://www.nasdaq.com/articles/4-charts-that-show-why-draftkings-stock-can-still-soar-higher
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DraftKings (NASDAQ: DKNG) has been one of the hottest growth stocks to own this year. The sports betting industry is expanding, and DraftKings has already become a big name in the business. With the stock having already tripled in value this year, though, investors may be concerned that it has become too expensive. After all, it's trading at over 20 times its book value.
But the company isn't running out of growth opportunities anytime soon, not by a long shot. Here are four charts that help to demonstrate why this fast-growing stock still looks like a good buy.
1. Customer acquisition costs are decreasing
DraftKings is experiencing significant growth as more states legalize sports betting, resulting in more people using the platform. What's encouraging for the business is that not only is DraftKings growing at a fast rate, but its customer acquisition costs are also falling sharply. This year the company projects they will decline by 20%, building off an already-strong 21% decline a year ago.
Image source: DraftKings Investor Day presentation.
2. The bottom line will continue to improve
It is not surprising that as the company's customer-related costs benefit from economies of scale, DraftKings expects its earnings numbers to also look a whole lot better. The company still projects a loss based on adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) this year, but as early as next year that trend will change.
As the business grows, the company anticipates that both its bottom and top lines will improve. Although adjusted EBITDA is not the same as net income, it's a positive sign that the company's financials are moving in the right direction.
Image source: DraftKings Investor Day presentation.
3. More states could legalize betting soon
A strong bull case for DraftKings can be made simply by looking at the following map, which shows how many states still haven't legalized online sports betting (OSB) and iGaming (online casino).
Image source: DraftKings Investor Day presentation.
DraftKings has also been fairly conservative with respect to its guidance, only including states where operations are live. That's a good sign that the business isn't putting too much optimism into its projections. And as more states legalize online sports betting and gambling, that means more guidance raises to come for DraftKings. It also means more customers.
4. It has seen a significant uptick in customers
The number of unique customers using DraftKings' platform has more than tripled since the start of 2020. As more states enact sports betting and online gambling legislation, these figures could climb even faster.
Image source: DraftKings Investor Day presentation.
Revenue growth has also coincided with a sharp increase in customer count. From 2019 through to 2022, DraftKings' revenue has jumped from just $323 million to more than $2.2 billion. And this year it projects its top line to hit $3.7 billion. For 2024, DraftKings is expecting sales to reach between $4.5 billion and $4.8 billion.
It isn't too late to buy DraftKings stock
The online gaming and sports betting industry is in its early growth stages, but DraftKings has already established itself as a top name. This year it has been a red-hot buy, with its shares up more than 220%. While that might have some investors thinking that the stock may be out of room to rise higher, the charts above should paint a different picture.
With more growth opportunities still out there and the company's bottom line improving as well, there could still be a lot more bullishness driving the growth stock higher in the years ahead.
Should you invest $1,000 in DraftKings right now?
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See the 10 stocks
*Stock Advisor returns as of December 11, 2023
David Jagielski has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Customer acquisition costs are decreasing DraftKings is experiencing significant growth as more states legalize sports betting, resulting in more people using the platform. What's encouraging for the business is that not only is DraftKings growing at a fast rate, but its customer acquisition costs are also falling sharply. The bottom line will continue to improve It is not surprising that as the company's customer-related costs benefit from economies of scale, DraftKings expects its earnings numbers to also look a whole lot better.
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Image source: DraftKings Investor Day presentation. Customer acquisition costs are decreasing DraftKings is experiencing significant growth as more states legalize sports betting, resulting in more people using the platform.
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More states could legalize betting soon A strong bull case for DraftKings can be made simply by looking at the following map, which shows how many states still haven't legalized online sports betting (OSB) and iGaming (online casino). It isn't too late to buy DraftKings stock The online gaming and sports betting industry is in its early growth stages, but DraftKings has already established itself as a top name. Before you buy stock in DraftKings, 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 DraftKings wasn't one of them.
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It isn't too late to buy DraftKings stock The online gaming and sports betting industry is in its early growth stages, but DraftKings has already established itself as a top name. With more growth opportunities still out there and the company's bottom line improving as well, there could still be a lot more bullishness driving the growth stock higher in the years ahead. Before you buy stock in DraftKings, 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 DraftKings wasn't one of them.
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4dc3f9ba-048c-4f87-9ae6-5fcbc8c8ace2
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713882.0
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2023-12-11 00:00:00 UTC
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UK watchdog urges ESG raters to adhere to new code ahead of possible rules
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https://www.nasdaq.com/articles/uk-watchdog-urges-esg-raters-to-adhere-to-new-code-ahead-of-possible-rules
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LONDON, Dec 14 (Reuters) - Britain's financial watchdog urged companies that rate other businesses' sustainability efforts to sign up to a new voluntary code of conduct, ahead of possible regulations for an industry that channels hundreds of billions of dollars in investments.
The code of conduct was drawn up by the International Capital Market Association, a fixed-income trade body, and think-tank International Regulatory Strategy Group, following a request from Financial Conduct Authority (FCA) last year.
The market for rating companies' environmental, social and governance (ESG) performance has boomed in recent years, with hundreds of billions of dollars in funds tracking indexes that exclude firms with low scores.
S&P Global SPGI.N, Moody's MCO.N, MSCI MSCI.N, the London Stock Exchange Group LSEG.Land Morningstar's MORN.O Sustainalytics are among the biggest sellers of the ratings.
"With its strong focus on international consistency, this industry-owned code will play a key role in increasing transparency and trust in the ESG data and ratings market," Sacha Sadan, FCA director of ESG, said in a statement on Thursday.
Britain's voluntary approach contrasts with the European Union, which this year unveiled a draft law to regulate ESG raters as part of a shake-up of the industry that is designed to improve trust and tackle greenwashing - or companies exaggerating their sustainability credentials.
The British code, which reflects recommendations from global securities watchdog IOSCO, covers governance of the raters' systems and controls to ensure high-quality ratings. It also includes guidelines on managing conflicts of interest and transparency over methodologies.
The British government is expected to announce soon whether to expand the FCA's remit to regulate ESG raters. The FCA said on Thursday it continued to work with the government as it considered its next steps.
Critics say ESG ratings methodologies are overly complex, opaque and tend to reward companies that disclose more information, rather than those that are best able to manage ESG risks, or do the best job in minimising the damage their businesses cause the planet.
(Reporting by Tommy Reggiori Wilkes; Editing by Sharon Singleton)
((thomas.wilkes@tr.com; +44 (0) 7769 955711;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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LONDON, Dec 14 (Reuters) - Britain's financial watchdog urged companies that rate other businesses' sustainability efforts to sign up to a new voluntary code of conduct, ahead of possible regulations for an industry that channels hundreds of billions of dollars in investments. The market for rating companies' environmental, social and governance (ESG) performance has boomed in recent years, with hundreds of billions of dollars in funds tracking indexes that exclude firms with low scores. Britain's voluntary approach contrasts with the European Union, which this year unveiled a draft law to regulate ESG raters as part of a shake-up of the industry that is designed to improve trust and tackle greenwashing - or companies exaggerating their sustainability credentials.
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LONDON, Dec 14 (Reuters) - Britain's financial watchdog urged companies that rate other businesses' sustainability efforts to sign up to a new voluntary code of conduct, ahead of possible regulations for an industry that channels hundreds of billions of dollars in investments. The code of conduct was drawn up by the International Capital Market Association, a fixed-income trade body, and think-tank International Regulatory Strategy Group, following a request from Financial Conduct Authority (FCA) last year. The British code, which reflects recommendations from global securities watchdog IOSCO, covers governance of the raters' systems and controls to ensure high-quality ratings.
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LONDON, Dec 14 (Reuters) - Britain's financial watchdog urged companies that rate other businesses' sustainability efforts to sign up to a new voluntary code of conduct, ahead of possible regulations for an industry that channels hundreds of billions of dollars in investments. "With its strong focus on international consistency, this industry-owned code will play a key role in increasing transparency and trust in the ESG data and ratings market," Sacha Sadan, FCA director of ESG, said in a statement on Thursday. Critics say ESG ratings methodologies are overly complex, opaque and tend to reward companies that disclose more information, rather than those that are best able to manage ESG risks, or do the best job in minimising the damage their businesses cause the planet.
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LONDON, Dec 14 (Reuters) - Britain's financial watchdog urged companies that rate other businesses' sustainability efforts to sign up to a new voluntary code of conduct, ahead of possible regulations for an industry that channels hundreds of billions of dollars in investments. The code of conduct was drawn up by the International Capital Market Association, a fixed-income trade body, and think-tank International Regulatory Strategy Group, following a request from Financial Conduct Authority (FCA) last year. S&P Global SPGI.N, Moody's MCO.N, MSCI MSCI.N, the London Stock Exchange Group LSEG.Land Morningstar's MORN.O Sustainalytics are among the biggest sellers of the ratings.
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5385a712-88d9-49a7-a5cb-ad9ed9fd1edb
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713883.0
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2023-12-11 00:00:00 UTC
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Alphabet (GOOGL) Enhances Image Generation With Imagen 2
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https://www.nasdaq.com/articles/alphabet-googl-enhances-image-generation-with-imagen-2
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Alphabet’s GOOGL Google is bolstering its image generation capabilities on the back of generative AI.
Google recently launched the second generation of its image generator model, Imagen.
Notably, Imagen 2, widely available for Vertex AI customers, offers an improved image quality to help organizations create brand-specific images with enterprise-grade reliability and governance, ensuring customer satisfaction.
Further, it boasts features like natural language prompt generation, text rendering in multiple languages, logo generation, and visual question and answering for caption generation and informative text responses.
Additionally, Imagen 2 uses DeepMind's SynthID to apply invisible watermarks to images, ensuring they comply with Google's Responsible AI principles and include safety filters.
The company's recent move is expected to gain solid traction among various corporate clients. Already companies like Canva and Shutterstock have shown interest in Imagen 2.
Alphabet Inc. Price and Consensus
Alphabet Inc. price-consensus-chart | Alphabet Inc. Quote
Enhancing Image Generation With Gen AI
Apart from the latest launch, Google updated its AI-powered conversational search feature, Search Generative Experience, with new image generation capabilities, allowing users to specify image types and create new ones.
Further, Google integrated generative AI into image creation for Google Ads, allowing advertisers to create images directly within the web interface for Performance Max campaigns.
All the above-mentioned endeavors will likely strengthen Alphabet’s presence in the global AI image generator market. This, in turn, will strengthen its footing in the global generative AI space.
Per a Global Market Insights report, the global AI image generator market size is expected to witness a CAGR of 16.5% between 2023 and 2032.
A Fortune Business Insights report indicates that the global generative AI market size is expected to reach $667.96 billion by 2030, indicating a CAGR of 47.5% between 2023 and 2030.
Strength in these promising markets will likely aid Alphabet to strengthen its overall financial performance in the upcoming period and instill investor optimism in the stock.
Our model estimate for fourth-quarter 2023 total revenues is pegged at $81.95 billion, indicating year-over-year growth of 7.8%.
Alphabet has gained 50.3% on a year-to-date basis compared with the industry’s growth of 51.3%.
Intensifying Competition
We note that the aforementioned launches will allow this Zacks Rank #3 (Hold) company to strengthen its competitive edge against rivals like Microsoft MSFT, Amazon AMZN and Adobe ADBE, which are also making strong efforts to bolster their image generation capabilities with generative AI.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Microsoft is riding on the success of OpenAI's DALL-E 3 AI image-synthesis model, which is fully integrated with ChatGPT, enhancing complex descriptions and text generation.
Moreover, Microsoft integrated Bing with DALL-E 3, improving renderings for details like fingers, eyes and shadows, and enhancing Bing Chat's search query capabilities by using users' previous chats for personalized responses.
Meanwhile, Amazon recently unveiled Titan Image Generator, a generative AI model that can create new or customize existing images, currently available in preview on Bedrock's AI development platform.
Titan Image Generator uses English natural language prompts to create realistic images for advertising, e-commerce and media. It generates multiple image options based on text descriptions, understands complex prompts and uses high-quality data for accurate outputs.
Adobe, on the other hand, is enjoying the growing momentum of its AI image generator, Adobe Firefly.
Notably, Adobe unveiled the Firefly Image 2 Model, Firefly Vector Model and Firefly Design Model to mark a significant advancement in its creative generative AI model family, enhancing creative control, image quality and illustrator capabilities.
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
Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
Adobe Inc. (ADBE) : Free Stock Analysis Report
Alphabet Inc. (GOOGL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Additionally, Imagen 2 uses DeepMind's SynthID to apply invisible watermarks to images, ensuring they comply with Google's Responsible AI principles and include safety filters. Microsoft is riding on the success of OpenAI's DALL-E 3 AI image-synthesis model, which is fully integrated with ChatGPT, enhancing complex descriptions and text generation. 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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Per a Global Market Insights report, the global AI image generator market size is expected to witness a CAGR of 16.5% between 2023 and 2032. Intensifying Competition We note that the aforementioned launches will allow this Zacks Rank #3 (Hold) company to strengthen its competitive edge against rivals like Microsoft MSFT, Amazon AMZN and Adobe ADBE, which are also making strong efforts to bolster their image generation capabilities with generative AI. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Adobe Inc. (ADBE) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Alphabet Inc. Price and Consensus Alphabet Inc. price-consensus-chart | Alphabet Inc. Quote Enhancing Image Generation With Gen AI Apart from the latest launch, Google updated its AI-powered conversational search feature, Search Generative Experience, with new image generation capabilities, allowing users to specify image types and create new ones. Meanwhile, Amazon recently unveiled Titan Image Generator, a generative AI model that can create new or customize existing images, currently available in preview on Bedrock's AI development platform. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Adobe Inc. (ADBE) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Alphabet’s GOOGL Google is bolstering its image generation capabilities on the back of generative AI. Google recently launched the second generation of its image generator model, Imagen. All the above-mentioned endeavors will likely strengthen Alphabet’s presence in the global AI image generator market.
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2023-12-11 00:00:00 UTC
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The Zacks Analyst Blog Highlights Royal Caribbean Cruises, Live Nation Entertainment, Stride and Acushnet Holdings
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For Immediate Release
Chicago, IL – December 14, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Royal Caribbean Cruises Ltd. RCL, Live Nation Entertainment, Inc. LYV, Stride, Inc. LRN and Acushnet Holdings Corp. GOLF.
Here are highlights from Wednesday’s Analyst Blog:
Royal Caribbean (RCL) Rises +118% in a Year: Here's How
Royal Caribbean Cruises Ltd.has done exceedingly well and emerged as an attractive investment option. This is quite evident from the stock's performance in a year. In the said period, the stock has surged 117.6% compared with the industry's growth of 12.1%.
We believe there is still momentum left in this Zacks Rank #1 (Strong Buy) stock, which is quite evident from its 2023 and 2024 earnings estimates growth of 57.7% and 13.7% year over year, respectively. Moreover, in the past 30 days, earnings estimates for 2023 and 2024 have witnessed upward revisions of 1.1% and 0.4%, respectively.
Catalysts Driving Growth
The company's booking volume has maintained a growing pace in third-quarter 2023, with momentum seen in 2023 and notably in 2024 sailings. Booking volumes in the third quarter were much higher than in the same period in 2019. It reported solid bookings concerning North American and European sailings. It stated a rise in consumer spending onboard and pre-cruise purchases. It revealed that the metrics surpassed 2019 levels, courtesy of greater participation at higher prices. In third-quarter 2023, load factors were 110%.
The company stated that the momentum will continue into 2024, with booked load factors and rates surpassing those of all previous years. As of Sep 30, RCL had $5 billion in customer deposits compared with $4.2 billion as of Dec 31, 2022. Given the full fleet resumption and load factors at high prices, the company expects customer deposits to return to typical seasonality in the upcoming periods. In 2023, the company anticipates solid guest generation from the North America region.
The company focuses on new innovative ships and onboard experiences to differentiate its offerings, as well as deliver superior yields and margins. In the first half of 2023, RCL unveiled three new ships that align with its strategy and are poised to generate higher yields from 2024 onward. In August 2023, Silversea introduced Silver Nova, the first of the new Evolution class. In the fourth quarter of 2023, RCL intends to take delivery of Icon of the Seas and Celebrity Ascent. As of Sep 30, 2023, the company had 56 new ships on order that are to be delivered through 2028.
For 2024, RCL is planning to unveil Utopia of the Seas in the middle of the year. Utopia marks the first Oasis-class ship dedicated to short Caribbean cruises, aligning with the company's strategy to compete against land-based vacation options and attract new-to-cruise travelers, thus narrowing the value gap.
Royal Caribbean continues to make use of digital tools for marketing and product development and to enhance the consumer experience. These include revamped websites, new vacation packaging capabilities, support for mobile apps and increased bandwidth onboard to help its guests remain well-connected while at sea. With busier customers preferring more digital devices that help to save time, the introduction of superior Internet bandwidth and online check-in accompanied by radio-frequency identification technology should continue to increase occupancy.
Other Key Picks
Here are some other top-ranked stocks from the Zacks Consumer Discretionary sector:
Live Nation Entertainment, Inc. flaunts a Zacks Rank #1 at present. The company has a trailing four-quarter earnings surprise of 37.5% on average. Shares of LYV have gained 17.4% in the past year. You can see the complete list of today's Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for LYV's 2023 sales and EPS indicates a rise of 28.6% and 132.8%, respectively, from the year-ago period's levels.
Stride, Inc. carries a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 44.3% on average. Shares of LRN have gained 88.4% in the past year.
The Zacks Consensus Estimate for LRN's 2024 sales and EPS indicates a rise of 9.1% and 34.7%, respectively, from the year-ago period's levels.
Acushnet Holdings Corp. carries a Zacks Rank #2 (Buy). GOLF has a trailing four-quarter earnings surprise of 49.9% on average. Shares of GOLF have surged 26.3% in the past year.
The Zacks Consensus Estimate for GOLF's 2023 sales and earnings per share (EPS) indicates a rise of 5.8% and 7.6%, respectively, from the year-ago period's levels.
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation.
See Stocks Free >>
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
https://www.zacks.com
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
The New Gold Rush: How Lithium Batteries Will Make Millionaires
As the electric vehicle revolution expands, investors have a chance to target huge gains. Millions of lithium batteries are being made & demand is expected to increase 889%.
Download the brand-new FREE report revealing 5 EV battery stocks set to soar.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Royal Caribbean Cruises Ltd. (RCL) : Free Stock Analysis Report
Acushnet (GOLF) : Free Stock Analysis Report
Live Nation Entertainment, Inc. (LYV) : Free Stock Analysis Report
Stride, Inc. (LRN) : 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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Stocks recently featured in the blog include: Royal Caribbean Cruises Ltd. RCL, Live Nation Entertainment, Inc. LYV, Stride, Inc. LRN and Acushnet Holdings Corp. Utopia marks the first Oasis-class ship dedicated to short Caribbean cruises, aligning with the company's strategy to compete against land-based vacation options and attract new-to-cruise travelers, thus narrowing the value gap. With busier customers preferring more digital devices that help to save time, the introduction of superior Internet bandwidth and online check-in accompanied by radio-frequency identification technology should continue to increase occupancy.
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Stocks recently featured in the blog include: Royal Caribbean Cruises Ltd. RCL, Live Nation Entertainment, Inc. LYV, Stride, Inc. LRN and Acushnet Holdings Corp. Here are highlights from Wednesday’s Analyst Blog: Royal Caribbean (RCL) Rises +118% in a Year: Here's How Royal Caribbean Cruises Ltd.has done exceedingly well and emerged as an attractive investment option. Click to get this free report Royal Caribbean Cruises Ltd. (RCL) : Free Stock Analysis Report Acushnet (GOLF) : Free Stock Analysis Report Live Nation Entertainment, Inc. (LYV) : Free Stock Analysis Report Stride, Inc. (LRN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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We believe there is still momentum left in this Zacks Rank #1 (Strong Buy) stock, which is quite evident from its 2023 and 2024 earnings estimates growth of 57.7% and 13.7% year over year, respectively. Other Key Picks Here are some other top-ranked stocks from the Zacks Consumer Discretionary sector: Live Nation Entertainment, Inc. flaunts a Zacks Rank #1 at present. Click to get this free report Royal Caribbean Cruises Ltd. (RCL) : Free Stock Analysis Report Acushnet (GOLF) : Free Stock Analysis Report Live Nation Entertainment, Inc. (LYV) : Free Stock Analysis Report Stride, Inc. (LRN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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We believe there is still momentum left in this Zacks Rank #1 (Strong Buy) stock, which is quite evident from its 2023 and 2024 earnings estimates growth of 57.7% and 13.7% year over year, respectively. In the first half of 2023, RCL unveiled three new ships that align with its strategy and are poised to generate higher yields from 2024 onward. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities.
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2023-12-11 00:00:00 UTC
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Air Transat reaches tentative agreement with flight attendants' union
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https://www.nasdaq.com/articles/air-transat-reaches-tentative-agreement-with-flight-attendants-union
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By Allison Lampert and Rajesh Kumar Singh
Dec 14 (Reuters) - Canadian leisure carrier Air Transat TRZ.TO said on Thursday it had reached an in-principle agreement with the union representing its flight attendants, averting a possible strike during the busy holiday travel season.
The deal to renew the Transat collective labor agreement, which is subject to a vote, comes as flight attendants at several U.S. carriers protest for better pay and work rules in their new contracts.
Transat's release said details of the agreement will be presented to members in the coming days. "Travelers can enjoy their travel plans with peace of mind," it said.
United Airlines UAL.O flight attendants, who are demonstrating nationwide on Thursday, as well as their counterparts at other carriers, like Transat, are demanding an end to an industry practice of not paying for their time during boarding and waiting around the airport before and between flights.
Currently, they are paid only for the period when the aircraft is in motion. Delta Air Lines DAL.N is the only U.S. carrier that pays its flight attendants during boarding time.
Earlier this month, flight attendants at Southwest Airlines LUV.N voted down a tentative five-year contract deal that would have made them the highest paid cabin crews in the industry. The agreement, however, did not provide for boarding pay.
The Canadian Union of Public Employees (CUPE), who represent the 2,000 Transat workers, would not divulge details of the contract until they arediscussed with members.
In late November, Transat flight attendants voted to authorize a mandate to strike, which would have become legal as of Jan. 3 under the Canadian Labor Code.
(Reporting by Allison Lampert in Montreal, Rajesh Kumar Singh in Chicago and Shivansh Tiwary in Bengaluru; Editing by Sriraj Kalluvila, Bill Berkrot and Sharon Singleton)
((Shivansh.Tiwary@thomsonreuters.com; +91 9708363192;))
The views and 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 Allison Lampert and Rajesh Kumar Singh Dec 14 (Reuters) - Canadian leisure carrier Air Transat TRZ.TO said on Thursday it had reached an in-principle agreement with the union representing its flight attendants, averting a possible strike during the busy holiday travel season. The deal to renew the Transat collective labor agreement, which is subject to a vote, comes as flight attendants at several U.S. carriers protest for better pay and work rules in their new contracts. Earlier this month, flight attendants at Southwest Airlines LUV.N voted down a tentative five-year contract deal that would have made them the highest paid cabin crews in the industry.
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By Allison Lampert and Rajesh Kumar Singh Dec 14 (Reuters) - Canadian leisure carrier Air Transat TRZ.TO said on Thursday it had reached an in-principle agreement with the union representing its flight attendants, averting a possible strike during the busy holiday travel season. Delta Air Lines DAL.N is the only U.S. carrier that pays its flight attendants during boarding time. In late November, Transat flight attendants voted to authorize a mandate to strike, which would have become legal as of Jan. 3 under the Canadian Labor Code.
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By Allison Lampert and Rajesh Kumar Singh Dec 14 (Reuters) - Canadian leisure carrier Air Transat TRZ.TO said on Thursday it had reached an in-principle agreement with the union representing its flight attendants, averting a possible strike during the busy holiday travel season. The deal to renew the Transat collective labor agreement, which is subject to a vote, comes as flight attendants at several U.S. carriers protest for better pay and work rules in their new contracts. United Airlines UAL.O flight attendants, who are demonstrating nationwide on Thursday, as well as their counterparts at other carriers, like Transat, are demanding an end to an industry practice of not paying for their time during boarding and waiting around the airport before and between flights.
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By Allison Lampert and Rajesh Kumar Singh Dec 14 (Reuters) - Canadian leisure carrier Air Transat TRZ.TO said on Thursday it had reached an in-principle agreement with the union representing its flight attendants, averting a possible strike during the busy holiday travel season. The deal to renew the Transat collective labor agreement, which is subject to a vote, comes as flight attendants at several U.S. carriers protest for better pay and work rules in their new contracts. Delta Air Lines DAL.N is the only U.S. carrier that pays its flight attendants during boarding time.
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2023-12-11 00:00:00 UTC
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The Zacks Analyst Blog Highlights Adobe, AstraZeneca, Intel, Morgan Stanley and EOG Resources
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights-adobe-astrazeneca-intel-morgan-stanley-and-eog-resources
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For Immediate Release
Chicago, IL – December 14, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Adobe Inc. ADBE, AstraZeneca PLC AZN, Intel Corp. INTC, Morgan Stanley MS and EOG Resources, Inc. EOG.
Here are highlights from Wednesday’s Analyst Blog:
Top Analyst Reports for Adobe, AstraZeneca and Intel
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Adobe Inc. (ADBE), AstraZeneca PLC (AZN) and Intel Corp. (INTC). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see all of today's research reports here >>>
Adobe's shares have outperformed the Zacks Computer - Software industry over the year-to-date period (+88.3% vs. +56.3%). The company is benefiting from strong demand for its creative products. The company's Creative Cloud, Document Cloud and Adobe Experience Cloud products are driving the top-line growth.
Rising subscription revenues and solid momentum across the mobile apps are major positives. Additionally, growth in emerging markets and robust online video creation demand remain tailwinds. Additionally, solid demand for Adobe's commerce offerings and growing adoption of Acrobat is a plus.
The Zacks analts remain optimistic about Adobe's market position, compelling product lines and continued innovation. However, the ongoing tensions between Russia and Ukraine remain headwinds for Digital Media segment. Also, high acquisition expenses do not bode well for its margin expansion.
(You can read the full research report on Adobe here >>>)
Shares of AstraZeneca have underperformed the Zacks Large Cap Pharmaceuticals industry over the past year (-7.3% vs. +5.6%). The company's diabetes franchise faces stiff competition while pricing pressure hurts sales in the respiratory unit. Sales have slowed down in its key market, China.
Nevertheless, AstraZeneca has a diverse product portfolio and a global footprint. Its key drugs like Lynparza, Tagrisso, Imfinzi, Fasenra and Farxiga should keep driving revenues. AstraZeneca's pipeline is strong, with important phase III data readouts lined up.
It has also been engaged in external acquisitions and strategic collaborations to boost its pipeline while investing in geographic areas of high growth like emerging markets. Backed by its new products and pipeline drugs, AstraZeneca believes it can post industry-leading top-line growth in the 2025-2030 period
(You can read the full research report on AstraZeneca here >>>)
Intel's shares have outperformed the Zacks Semiconductor - General industry over the past six months (+24.6% vs. +9.1%). The company is focusing on establishing an advanced semiconductor manufacturing ecosystem and has expanded global production capabilities under its IDM 2.0 (integrated device manufacturing) strategy.
It remains on track with its 5N4Y (five nodes in four years) program in order to regain transistor performance and power performance leadership by 2025. Market diversification and healthy momentum in data center business are tailwinds. The foundry services are gaining traction while the launch of glass substrates for advanced packaging of chips is a positive.
The buyout of Mobileye has helped the company to rapidly penetrate the autonomous car technology market. However, weak demand trends and sluggish recovery in China are hurting sales to some extent. Macroeconomic challenges, inventory adjustments and intense market volatility are straining margins.
(You can read the full research report on Intel here >>>)
Other noteworthy reports we are featuring today include Morgan Stanley (MS) and EOG Resources, Inc. (EOG).
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation.
See Stocks Free >>
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
https://www.zacks.com
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
The New Gold Rush: How Lithium Batteries Will Make Millionaires
As the electric vehicle revolution expands, investors have a chance to target huge gains. Millions of lithium batteries are being made & demand is expected to increase 889%.
Download the brand-new FREE report revealing 5 EV battery stocks set to soar.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Morgan Stanley (MS) : Free Stock Analysis Report
Intel Corporation (INTC) : Free Stock Analysis Report
AstraZeneca PLC (AZN) : Free Stock Analysis Report
EOG Resources, Inc. (EOG) : Free Stock Analysis Report
Adobe Inc. (ADBE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It has also been engaged in external acquisitions and strategic collaborations to boost its pipeline while investing in geographic areas of high growth like emerging markets. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. 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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Stocks recently featured in the blog include: Adobe Inc. ADBE, AstraZeneca PLC AZN, Intel Corp. INTC, Morgan Stanley MS and EOG Resources, Inc. EOG. Today's Research Daily features new research reports on 16 major stocks, including Adobe Inc. (ADBE), AstraZeneca PLC (AZN) and Intel Corp. (INTC). Click to get this free report Morgan Stanley (MS) : Free Stock Analysis Report Intel Corporation (INTC) : Free Stock Analysis Report AstraZeneca PLC (AZN) : Free Stock Analysis Report EOG Resources, Inc. (EOG) : Free Stock Analysis Report Adobe Inc. (ADBE) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Here are highlights from Wednesday’s Analyst Blog: Top Analyst Reports for Adobe, AstraZeneca and Intel The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Adobe Inc. (ADBE), AstraZeneca PLC (AZN) and Intel Corp. (INTC). Click to get this free report Morgan Stanley (MS) : Free Stock Analysis Report Intel Corporation (INTC) : Free Stock Analysis Report AstraZeneca PLC (AZN) : Free Stock Analysis Report EOG Resources, Inc. (EOG) : Free Stock Analysis Report Adobe Inc. (ADBE) : Free Stock Analysis Report To read this article on Zacks.com click here.
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See Stocks Free >> Media Contact Zacks Investment Research 800-767-3771 ext. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. Want the latest recommendations from Zacks Investment Research?
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2023-12-11 00:00:00 UTC
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Market Misfits: 3 Beaten-Down Stocks Poised for a 2024 Comeback
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The stock market is closing in on its all-time high. The S&P 500 is up over 20% in 2023, with less than three weeks to go in the year. Yet those gains were not distributed equally. Three beaten-down stock picks are ready for a rebound in 2024.
For a good part of the year, virtually all of the broad market index’s gains were due to just seven stocks: Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL), Meta Platforms (NASDAQ:META), Microsoft (NASDAQ:MSFT), Nvidia (NASDAQ:NVDA) and Tesla (NASDAQ:TSLA). These were the so-called Magnificent 7. Without them, the popular index would be flat.
Because the S&P 500 is a weighted index, these stocks’ heavy footprint causes an undue influence on the whole. Several companies were even beaten down this year for good or ill. Whatever the reason for their fall, they remain good businesses with excellent long-term growth prospects.
Dollar General (DG)
Source: Jonathan Weiss / Shutterstock.com
Deep discount chain Dollar General (NYSE:DG) should be in its prime. A sagging economy weighed down by inflation and high interest rates ought to have consumers flocking to its stores to save money. Instead, they’ve avoided the dollar store and headed to Walmart (NYSE:WMT).
Dollar General’s problems come from misreading consumer demand. When people were flush with government stimulus checks from the pandemic, they bought up consumables left and right. The deep discounter apparently thought that was the new norm and overstocked on such goods. Yet today’s high cost of living has consumers shopping primarily for basics and everyday essentials, so they’ve turned to Walmart.
While the dollar store has held the line on pricing, it hurt profit margins. That’s not a bad strategy to lure customers in, but it exacerbated the problem of having the wrong products on its shelves. It suffers from falling sales and narrowing margins. Today, Dollar General is correcting course. It shed the excess inventory and is focusing on essential goods. It also brought back former CEO Todd Vasos, who oversaw Dollar General’s decade-long rise, to oversee the reversal.
Although the retailer is nominally a dollar store, most products it sells are above that price point. That’s okay, too, because it allows the retailer to offer customers a broader selection of higher-quality products. Having realized the problem and taken corrective action, expect Dollar General to come roaring back next year.
Occidental Petroleum (OXY)
Source: Pavel Kapysh / Shutterstock.com
Oil prices are down from their pandemic highs even though what you’re paying at the pump is still historically high. But that’s helping depress Occidental Petroleum‘s (NYSE:OXY) stock, down almost 12% this year.
It’s also doing itself no favors by jumping on the industry consolidation trend underway. Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX) both announced multi-billion-dollar acquisitions in recent weeks, and now Occidental is spending $12 billion on privately held CrownRock. It will make Occidental Petroleum the second biggest producer in the Permian basin behind Exxon.
But Occidental is taking on debt to fund its all-cash deal. It already had $18.5 billion in long-term debt due to its previous acquisition of Anadarko Petroleum and now will add another $9.1 billion worth. It’s also issuing $1.7 billion in stock. The market is concerned because the oil stock’s cash position has been whittled away, and at the end of September, Occidental had $611 million in the bank.
Still, Occidental says the deal will increase free cash flow to $1 billion in the first year of the transaction if oil is at $70 a barrel. West Texas Intermediate currently trades just under that threshold. Warren Buffett took a 25% stake in Occidental stock because of its position in the Permian. This deal only solidifies it. Look for the market to eventually come around to the oil producer’s thinking and send its shares higher accordingly.
Alibaba (BABA)
Source: Shutterstock
Chinese online retailer Alibaba (NYSE:BABA) went in the opposite direction of the S&P 500. Its shares are down almost 20% this year, though it’s been a roller coaster ride. The latest dip in price that began in August resulted from new U.S. export control regulations. It limits China’s access to U.S. chip technology, particularly in artificial intelligence (AI) and supercomputing. Controls on computer equipment are also imposed.
Although Alibaba had planned to split into six separate companies, the export controls put the separation of its cloud services on hold. Alibaba said it will retain the business because “these new restrictions may materially and adversely affect Cloud Intelligence Group’s ability to offer products and services and perform under existing contracts, thereby negatively affecting our results of operations and financial condition.”
Alibaba is still growing, albeit at slower rates, and is still incredibly profitable. The crackdown on tech companies like the e-commerce giant by Beijing is largely over. And though China no longer appears on the verge of overtaking the U.S. economy as the world’s largest, it can still expand considerably, a bullish catalyst for the e-tailer.
With the decline in BABA stock, a downdraft in valuation followed. Alibaba trades at less than eight times next year’s earnings when Wall Street forecasts it will grow profits at a 12% clip long-term. That’s orders of magnitude larger than it grew over the past five years. That makes Alibaba a cheap, beaten-down stock primed for growth next year and beyond.
On the date of publication, Rich Duprey held a LONG position in XOM and CVX stock. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Rich Duprey has written about stocks and investing for the past 20 years. His articles have appeared on Nasdaq.com, The Motley Fool, and Yahoo! Finance, and he has been referenced by U.S. and international publications, including MarketWatch, Financial Times, Forbes, Fast Company, USA Today, Milwaukee Journal Sentinel, Cheddar News, The Boston Globe, L’Express, and numerous other news outlets.
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The post Market Misfits: 3 Beaten-Down Stocks Poised for a 2024 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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Yet today’s high cost of living has consumers shopping primarily for basics and everyday essentials, so they’ve turned to Walmart. And though China no longer appears on the verge of overtaking the U.S. economy as the world’s largest, it can still expand considerably, a bullish catalyst for the e-tailer. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post Market Misfits: 3 Beaten-Down Stocks Poised for a 2024 Comeback appeared first on InvestorPlace.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips The stock market is closing in on its all-time high. For a good part of the year, virtually all of the broad market index’s gains were due to just seven stocks: Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL), Meta Platforms (NASDAQ:META), Microsoft (NASDAQ:MSFT), Nvidia (NASDAQ:NVDA) and Tesla (NASDAQ:TSLA). Dollar General (DG) Source: Jonathan Weiss / Shutterstock.com Deep discount chain Dollar General (NYSE:DG) should be in its prime.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips The stock market is closing in on its all-time high. For a good part of the year, virtually all of the broad market index’s gains were due to just seven stocks: Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL), Meta Platforms (NASDAQ:META), Microsoft (NASDAQ:MSFT), Nvidia (NASDAQ:NVDA) and Tesla (NASDAQ:TSLA). But that’s helping depress Occidental Petroleum‘s (NYSE:OXY) stock, down almost 12% this year.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips The stock market is closing in on its all-time high. That makes Alibaba a cheap, beaten-down stock primed for growth next year and beyond. Rich Duprey has written about stocks and investing for the past 20 years.
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2023-12-11 00:00:00 UTC
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Here's Why Investors Should Hold Elevance (ELV) Stock for Now
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DCOMP
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https://www.nasdaq.com/articles/heres-why-investors-should-hold-elevance-elv-stock-for-now
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Elevance Health, Inc. ELV is positioned for growth with premium rate adjustments in the Health Benefits business, an expanding external pharmacy membership base and overall strength in the Carelon business. The BioPlus acquisition is expected to continue supporting the Carelon unit’s performance.
Elevance — with a market cap of $113.6 billion — is one of the largest publicly traded health benefits companies in the United States. Courtesy of solid prospects, this currently Zacks Rank #3 (Hold) stock is worth retaining in your portfolio at the moment.
Let’s delve deeper.
The Zacks Consensus Estimate for ELV’s 2023 earnings is pegged at $33.06 per share, indicating 13.7% year-over-year growth. The estimate has witnessed one upward movement in the past month against none in the opposite direction. Elevance beat on earnings in all the last four quarters, with an average surprise of 2.9%. This is depicted in the graph below.
Elevance Health, Inc. Price and EPS Surprise
Elevance Health, Inc. price-eps-surprise | Elevance Health, Inc. Quote
The consensus estimate for current-year revenues is $169.8 billion, indicating a 9.1% increase from the previous year. The expected increase in product revenues, along with higher administrative fees and premiums, is poised to provide a significant boost to the company's top-line performance. The perks of being an independent licensee of the Blue Cross and Blue Shield Association provide the company with a competitive edge.
Our projections for 2023 anticipate premiums to achieve more than 6% year-over-year growth. We expect product revenues to jump nearly 27% this year, while administrative fees and other revenues are expected to increase close to 8%. Also, its ROE of 20.7% is higher than the industry average of 16.2%, signaling superior management efficiency and effective utilization of shareholders' equity to generate returns.
Considering the segments, we expect Health Benefits to witness more than 7% growth on the back of premium rate adjustments and BlueCard, vision and dental growth. Overall, Carelon will likely see a nearly 14% increase due to improving performance in post-acute care services and Behavioral Health business.
The company is expected to further boost Carelon’s capabilities with organic investments and acquisitions. We expect more partnerships and inorganic growth opportunities to present themselves in the coming days as the M&A scenario continues to improve.
The company’s shareholder value boosting efforts are appreciated by investors. In the third quarter, ELV repurchased shares worth $480 million, maintaining approximately $5.1 billion in remaining capacity under its share buyback authorization as of Sep 30, 2023. Additionally, its dividend yield of 1.2% surpasses the industry average of 0.9%.
Key Concerns
There are a few factors that investors should keep an eye on.
For example, rising expenses are reducing its margins. Last year, expenses jumped 13.9% year over year. We expect the metric to jump nearly 9% in 2023. Also, rising debt levels will keep boosting its interest expenses. Long-term debt, less of the current portion, was $24 billion at the third quarter-end, up 7.6% from the figure as of Dec 31, 2022. We expect interest expense to jump nearly 20% this year. Nevertheless, we believe that a systematic and strategic plan of action will drive ELV’s growth in the long term.
Key picks
Some better-ranked stocks in the broader medical space are HealthEquity, Inc. HQY, Enovis Corporation ENOV and Motus GI Holdings, Inc. MOTS, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for HealthEquity’s current-year earnings is pegged at $2.08 per share, indicating 52.9% year-over-year growth. HQY has witnessed six upward estimate revisions in the past week against none in the opposite direction. It beat earnings estimates in all the past four quarters, with an average surprise of 16.5%.
The Zacks Consensus Estimate for Enovis’ current-year earnings implies a 4.9% increase from the year-ago reported figure. The consensus mark for its current-year revenues is pegged at $1.7 billion. ENOV beat earnings estimates in all the last four quarters, with an average surprise of 11%.
The Zacks Consensus Estimate for Motus GI’s 2023 bottom line suggests a 67.2% year-over-year improvement. MOTS has witnessed one upward estimate revision over the past 30 days against no movement in the opposite direction. It beat earnings estimates in all the last four quarters, with an average surprise of 40.2%.
The New Gold Rush: How Lithium Batteries Will Make Millionaires
As the electric vehicle revolution expands, investors have a chance to target huge gains. 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
HealthEquity, Inc. (HQY) : Free Stock Analysis Report
Motus GI Holdings, Inc. (MOTS) : Free Stock Analysis Report
Enovis Corporation (ENOV) : Free Stock Analysis Report
Elevance Health, Inc. (ELV) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The expected increase in product revenues, along with higher administrative fees and premiums, is poised to provide a significant boost to the company's top-line performance. Key picks Some better-ranked stocks in the broader medical space are HealthEquity, Inc. HQY, Enovis Corporation ENOV and Motus GI Holdings, Inc. MOTS, each carrying a Zacks Rank #2 (Buy) at present. 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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Elevance Health, Inc. Price and EPS Surprise Elevance Health, Inc. price-eps-surprise | Elevance Health, Inc. Quote The consensus estimate for current-year revenues is $169.8 billion, indicating a 9.1% increase from the previous year. Key picks Some better-ranked stocks in the broader medical space are HealthEquity, Inc. HQY, Enovis Corporation ENOV and Motus GI Holdings, Inc. MOTS, each carrying a Zacks Rank #2 (Buy) at present. Click to get this free report HealthEquity, Inc. (HQY) : Free Stock Analysis Report Motus GI Holdings, Inc. (MOTS) : Free Stock Analysis Report Enovis Corporation (ENOV) : Free Stock Analysis Report Elevance Health, Inc. (ELV) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Elevance Health, Inc. Price and EPS Surprise Elevance Health, Inc. price-eps-surprise | Elevance Health, Inc. Quote The consensus estimate for current-year revenues is $169.8 billion, indicating a 9.1% increase from the previous year. The Zacks Consensus Estimate for HealthEquity’s current-year earnings is pegged at $2.08 per share, indicating 52.9% year-over-year growth. Click to get this free report HealthEquity, Inc. (HQY) : Free Stock Analysis Report Motus GI Holdings, Inc. (MOTS) : Free Stock Analysis Report Enovis Corporation (ENOV) : Free Stock Analysis Report Elevance Health, Inc. (ELV) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Consensus Estimate for ELV’s 2023 earnings is pegged at $33.06 per share, indicating 13.7% year-over-year growth. Elevance Health, Inc. Price and EPS Surprise Elevance Health, Inc. price-eps-surprise | Elevance Health, Inc. Quote The consensus estimate for current-year revenues is $169.8 billion, indicating a 9.1% increase from the previous year. The Zacks Consensus Estimate for HealthEquity’s current-year earnings is pegged at $2.08 per share, indicating 52.9% year-over-year growth.
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2023-12-11 00:00:00 UTC
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Bigbear.Ai (BBAI) Extends Deal With U.S. Army for GFIM System
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https://www.nasdaq.com/articles/bigbear.ai-bbai-extends-deal-with-u.s.-army-for-gfim-system
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BigBear.ai BBAI is keeping no stone unturned to expand its partner base. The company recently extended its partnership with the U.S. Army to continue as a prime contractor for the Global Force Information Management (GFIM) system. The deal is worth $17.9 million.
The expansion aims to make the Army more data-centric and focused on improving the data layer, developing the minimum viable product according to its priorities and ensuring that all systems run within a secure and accredited IL5/IL6 cARMY Cloud environment.
This extension aims to expand BigBear.ai’s and GFIM’s continuous commitment to establishing a cutting-edge platform that meets the Army's highest data security and operational effectiveness criteria.
With the GFIM system’s capabilities, the U.S. Army is set to have a data-driven approach. Advances in the data layer, as well as progress toward certification in the cARMY cloud environment, are intended to improve the operational awareness and system security of the forces.
BigBear.ai Holdings, Inc. Price and Consensus
BigBear.ai Holdings, Inc. price-consensus-chart | BigBear.ai Holdings, Inc. Quote
Expanding Portfolio & Partner Base Aids Growth
The company’s shares have returned 173.1% compared with the Zacks Computer & Technology sector’s rise of 47.8% year to date. The company's focus on AI-driven solutions for the military sector has contributed to its outperformance.
BigBear.ai’s solutions are gaining prominence due to a solid partner base. The company’s strong portfolio is helping it win market share in the IT services domain.
The company recently partnered with Amazon’s AMZN division, Amazon Web Services (AWS) Professional Services (ProServe) to provide warehousing solutions.
The partnership will enable Amazon Web Services ProServe customers to access complex warehouse operations virtually and make decisions for optimizing the processes through BigBear.ai’s ProModel.
It also partnered with Autodesk ADSK to develop smooth interfaces for architects, process engineering, design and operations.
The integration of BigBear.ai's ProModel DES into AutoCAD as a result of its partnership with Autodesk has increased the platform's capabilities in architectural, construction and engineering design.
The ProModel solution from BigBear.ai continues to improve operational efficiency across a wide range of application cases. Its recent accomplishments include increased engagement with one of the world's leading shipbuilders, which supports US-based operations.
For 2023, BigBear.ai expects revenues between $155 million and $170 million. The consensus mark for fiscal 2023 revenues is pegged at $157.18 million, indicating 1.4% growth year over year.
The Zacks Consensus Estimate for BigBear.ai’s fourth-quarter 2023 revenues is pegged at $42.63 million, indicating growth of 5.6% year over year.
Zacks Rank & Stock to Consider
Currently, BigBear.ai carries a Zacks Rank #3 (Hold).
A better-ranked stock in the broader technology sector is Flex FLEX, which sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Flex shares have gained 22.5% in the year-to-date period. Flex’s long-term earnings growth rate is currently projected at 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. 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
Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
Autodesk, Inc. (ADSK) : Free Stock Analysis Report
Flex Ltd. (FLEX) : Free Stock Analysis Report
BigBear.ai Holdings, Inc. (BBAI) : 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 expansion aims to make the Army more data-centric and focused on improving the data layer, developing the minimum viable product according to its priorities and ensuring that all systems run within a secure and accredited IL5/IL6 cARMY Cloud environment. This extension aims to expand BigBear.ai’s and GFIM’s continuous commitment to establishing a cutting-edge platform that meets the Army's highest data security and operational effectiveness criteria. The partnership will enable Amazon Web Services ProServe customers to access complex warehouse operations virtually and make decisions for optimizing the processes through BigBear.ai’s ProModel.
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BigBear.ai Holdings, Inc. Price and Consensus BigBear.ai Holdings, Inc. price-consensus-chart | BigBear.ai Holdings, Inc. Quote Expanding Portfolio & Partner Base Aids Growth The company’s shares have returned 173.1% compared with the Zacks Computer & Technology sector’s rise of 47.8% year to date. The company recently partnered with Amazon’s AMZN division, Amazon Web Services (AWS) Professional Services (ProServe) to provide warehousing solutions. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Autodesk, Inc. (ADSK) : Free Stock Analysis Report Flex Ltd. (FLEX) : Free Stock Analysis Report BigBear.ai Holdings, Inc. (BBAI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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BigBear.ai Holdings, Inc. Price and Consensus BigBear.ai Holdings, Inc. price-consensus-chart | BigBear.ai Holdings, Inc. Quote Expanding Portfolio & Partner Base Aids Growth The company’s shares have returned 173.1% compared with the Zacks Computer & Technology sector’s rise of 47.8% year to date. The Zacks Consensus Estimate for BigBear.ai’s fourth-quarter 2023 revenues is pegged at $42.63 million, indicating growth of 5.6% year over year. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Autodesk, Inc. (ADSK) : Free Stock Analysis Report Flex Ltd. (FLEX) : Free Stock Analysis Report BigBear.ai Holdings, Inc. (BBAI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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This extension aims to expand BigBear.ai’s and GFIM’s continuous commitment to establishing a cutting-edge platform that meets the Army's highest data security and operational effectiveness criteria. BigBear.ai Holdings, Inc. Price and Consensus BigBear.ai Holdings, Inc. price-consensus-chart | BigBear.ai Holdings, Inc. Quote Expanding Portfolio & Partner Base Aids Growth The company’s shares have returned 173.1% compared with the Zacks Computer & Technology sector’s rise of 47.8% year to date. A better-ranked stock in the broader technology sector is Flex FLEX, which sports a Zacks Rank #1 (Strong Buy).
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713890.0
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2023-12-11 00:00:00 UTC
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7 Penny Stocks to Turn $100,000 Into $1 Million: December 2023
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DCOMP
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https://www.nasdaq.com/articles/7-penny-stocks-to-turn-%24100000-into-%241-million%3A-december-2023
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
In general, portfolio stocks are from the blue-chip space along with high-quality growth stocks. On the other hand, penny stocks aren’t largely a trading option for the majority of investors. However, there are emerging businesses that can make it big if a few industry or company specific catalysts are triggered. For that, investors need to hold some penny stocks with patience. Of course, the risk is high, but a small allocation can do wonders for the portfolio if the idea clicks.
The focus of this column is on seven quality penny stocks to buy for millionaire-maker potential. I believe that these penny stocks represent companies with good fundamentals. I would not lose sleep even if I had to hold these penny stock names for the next 36 months.
Further, if the business moves in the right direction, it’s likely that these penny stocks will deliver 10-bagger returns within the investment horizon. Let’s discuss the reasons to be bullish on these potential multibagger ideas.
Standard Lithium (SLI)
Source: Postmodern Studio / Shutterstock.com
Standard Lithium (NYSE:SLI) is possibly the most undervalued lithium story to buy. At a market valuation of $335 million, SLI stock looks like an easy multibagger over the next three years. The depressed in SLI stock is largely on the back of a sharp correction in lithium this year. However, the long-term outlook is positive for lithium considering the impending demand from EVs.
Specific to Standard Lithium, the reason to be bullish is a game changing asset. In Arkansas, the Company has drilled one of the highest lithium grade brine. The asset has a base case net present value of $4.5 billion. Of course, this is not the only project and underscores my view that SLI stock is massively undervalued.
I believe that a key catalyst for a big rally would be financing the project construction. Once that is achieved and lithium trends higher, SLI stock is likely to skyrocket.
Bitfarms (BITF)
Source: PHOTOCREO Michal Bednarek / Shutterstock.com
Bitfarms (NASDAQ:BITF) has already been in a massive rally mode with an upside of 483% for year-to-date. However, it’s worth noting that the rally was from oversold levels. BITF stock remains attractive and can be a potential 10-bagger from current levels if Bitcoin continues to surge in the next few years.
A strong balance sheet is the first reason to like Bitfarms. As of September 2023, the company reported cash and digital assets of $73 million. The recent fund raising of $44 million adds to the cash buffer.
With a strong cash profile, Bitfarms is positioned for aggressive mining capacity expansion. To put things into perspective, the company’s mining capacity as of November was 6.3EH/s. Capacity is likely to increase to 17EH/s by the second half of 2024.
With nearly tripling of capacity, Bitfarms is positioned for strong revenue and cash flow upside. If Bitcoin trades at new all-time highs next year, BITF stock is likely to be a quick 10-bagger.
Tilray Brands (TLRY)
Source: Lori Butcher / Shutterstock.com
I have maintained that Tilray Brands (NASDAQ:TLRY) is massively undervalued. Assuming that cannabis was to be legalized at federal level, TLRY stock can deliver 10-bagger returns within a few quarters. Even if legalization is delayed, Tilray has opportunities for growth and value creation.
The first point in the bull thesis is diversification. Tilray, through acquisitions, is the fifth largest craft beer brewer in the United States. With the craft beer market expected to grow at a CAGR of 7.2% through 2030, the segment is likely to create incremental value.
At the same time, there is positive news on the financial front. For Q1 2024, Tilray reported international cannabis revenue growth of 37%. This was supported by the medicinal cannabis business in Europe. With operating leverage and cost cutting, Tilray expects to generate positive adjusted free cash flow for fiscal year 2024. Therefore, with multiple positive developments, TLRY stock looks attractive.
Plug Power (PLUG)
Source: Postmodern Studio / Shutterstock
I believe that Plug Power (NASDAQ:PLUG) is the riskiest bet among the list of stocks discussed. Without doubt, the hydrogen economy will get bigger in the coming years. This would imply positive industry tailwinds. However, PLUG stock has plunged during the year and currently trades at $3.90.
The reasons include the company’s reliance on hydrogen subsidies, financing aggressive growth, and market doubts on execution capabilities. If Plug Power can overcome these challenges, the stock is an easy 10-bagger from current levels.
I must mention that Plug Power has chalked up ambitious plans. The company is targeting revenue of $20 billion by 2030 with a gross margin of 35%. The markets are, however, focused on near term financing needs and financial targets.
Another point worth noting is that PLUG stock has a short interest of 28%. I believe that a massive short-squeeze rally is impending and the stock can quickly double from oversold levels.
Solid Power (SLDP)
Source: T. Schneider / Shutterstock.com
Solid Power (NASDAQ:SLDP) stock has been depressed for an extended period. I however believe that a reversal is impending in 2024. Further, if business developments remain positive, the stock is poised for multibagger returns.
Last month, Solid Power reported Q3 2023 results and announced that the company has made first A-1 EV cell deliveries to BMW (OTCMKTS:BMWYY) to formally enter automotive qualification.
It’s worth mentioning here that in December 2022, Solid Power licensed its cell design and technology to BMW for parallel research and development. This can potentially help in accelerating the commercialization of solid-state batteries. Further, with partners like Ford (NYSE:F) and BMW, the Company is far from being just a speculative bet.
Of course, with commercialization unlikely before 2026, SLDP stock price action has been depressed. I, however, expect a strong reversal if the automotive qualification process delivers positive results.
Yatra Online (YTRA)
Source: Olena Yakobchuk / Shutterstock
Yatra Online (NASDAQ:YTRA) stock trades at a market valuation of around $98 million. I would bet on 10-bagger returns from this online travel booking company from India. There are multiple reasons to be bullish.
First, the Indian travel and tourism market has a robust growth outlook. With a swelling middle-class and growing corporate sector, Yatra has multiple avenues to pursue growth.
To put things into perspective, Yatra has a customer base of 800 large corporations with an addressable employee base of more than seven million. This is just for the business-to-business segment. Yatra Online also has end-to-end travel solutions for business-to-consumer.
For Q2 2024, Yatra reported 14% year-on-year (YOY) revenue growth with an EBITDA margin of 3.6%. I expect revenue growth to accelerate coupled with margin expansion as tourism gains traction after the pandemic. Yatra is well positioned to benefit from positive industry tailwinds.
Blade Air Mobility (BLDE)
Source: Wirestock Creators / Shutterstock.com
Blade Air Mobility (NASDAQ:BLDE) is another interesting pick from the micro-cap penny stocks space. The company is a provider of air transportation alternatives around congested ground routes in the United States.
The first point to note is that for Q3 2023, Blade Air reported robust revenue growth of 56% on a YOY basis. Further, the flight margin was healthy at 22%. With an asset-light model and strong demand, I expect robust revenue growth to sustain coupled with improvement in EBITDA margin.
I must add here that the MediMobility Organ Transport segment is the largest dedicated air transporter of human organs for transplant in the United States. This segment has been a key growth driver. My point is that being in a business of necessity, it’s likely that the segment will continue to boost growth.
Besides healthcare, the company has partnerships with corporations in the hospitality, technology, fashion, beauty, transportation, and entertainment segments. Therefore, there is a big addressable market and potential for multi-fold revenue growth.
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 7 Penny Stocks to Turn $100,000 Into $1 Million: December 2023 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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With operating leverage and cost cutting, Tilray expects to generate positive adjusted free cash flow for fiscal year 2024. Last month, Solid Power reported Q3 2023 results and announced that the company has made first A-1 EV cell deliveries to BMW (OTCMKTS:BMWYY) to formally enter automotive qualification. 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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Standard Lithium (SLI) Source: Postmodern Studio / Shutterstock.com Standard Lithium (NYSE:SLI) is possibly the most undervalued lithium story to buy. Yatra Online (YTRA) Source: Olena Yakobchuk / Shutterstock Yatra Online (NASDAQ:YTRA) stock trades at a market valuation of around $98 million. Blade Air Mobility (BLDE) Source: Wirestock Creators / Shutterstock.com Blade Air Mobility (NASDAQ:BLDE) is another interesting pick from the micro-cap penny stocks space.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips In general, portfolio stocks are from the blue-chip space along with high-quality growth stocks. Plug Power (PLUG) Source: Postmodern Studio / Shutterstock I believe that Plug Power (NASDAQ:PLUG) is the riskiest bet among the list of stocks discussed. Yatra Online (YTRA) Source: Olena Yakobchuk / Shutterstock Yatra Online (NASDAQ:YTRA) stock trades at a market valuation of around $98 million.
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With nearly tripling of capacity, Bitfarms is positioned for strong revenue and cash flow upside. However, PLUG stock has plunged during the year and currently trades at $3.90. Yatra is well positioned to benefit from positive industry tailwinds.
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2023-12-11 00:00:00 UTC
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5 Best-Performing Technology ETFs of 2023
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https://www.nasdaq.com/articles/5-best-performing-technology-etfs-of-2023
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Technology has turned out to be the most profitable sector in 2023, driven by the artificial intelligence (AI) boom, easing inflation, a surge in “Magnificent Seven” stocks and a crypto rally. Additionally, bets that the Fed’s aggressive interest rate hiking campaign might be nearing an end powered the rally in the sector in recent weeks.
Together, the seven stocks — Apple AAPL, Microsoft MSFT, Alphabet GOOG, Amazon AMZN, Nvidia NVDA, Tesla TSLA and Meta Platforms (META) — are up around 70% this year. Meanwhile, bitcoin, the world's largest cryptocurrency, soared more than 150% this year and surged past the $42,000 mark for the first time since April 2022 before retreating to near 40,000 levels. The massive rally came on the back of broad Enthusiasm about U.S. interest rate cuts and the imminent regulatory approval for Bitcoin ETFs (read: Bitcoin Reaches $42,000: 5 ETFs More Than Double in 2023).
Given the broad-based rally across sectors, we have highlighted five best-performing ETFs from different industries that have made technology the best performer. These are VanEck Vectors Digital Transformation ETF DAPP, Valkyrie Bitcoin Miners ETF WGMI, ARK Next Generation Internet ETF (ARKW), VanEck Vectors Semiconductor ETF SMH and SPDR NYSE Technology ETF XNTK.
More Rally Ahead?
Finally, the Fed, in the latest FOMC meeting, hinted at three rate cuts for the next year while keeping the rates steady for this year. The central bank will cut rates by 75 bps next year, up from the previous forecast of two rate cuts in 2024. Markets are now pricing in a nearly 60% chance that the Fed will begin to cut rates in its March meeting, up from 40% the day prior, per data from the CME Group.
As the tech sector relies on borrowing for superior growth, it is cheaper to borrow more money for initiatives when interest rates are low. The reductions in interest rates, coupled with the ongoing rise of AI, will act as a major tailwind for the next year. Higher spending across the software, semiconductors, and digital media consumer sectors will provide a further boost to the sector.
The expansion of AI applications holds the promise of ushering in fresh opportunities for growth within the sector. The global digital shift has accelerated e-commerce for everything, ranging from remote working to entertainment and shopping, thereby bolstering strength in the sector. The rapid adoption of cloud computing, big data, the Internet of Things, wearables, VR headsets, drones, virtual reality, machine learning, digital communication, blockchain and 5G technology will continue to fuel a rally.
Further, the tech titans have strong balance sheets, durable revenue streams and robust profit margins, making them attractive investments. They are better positioned to withstand a possible economic downturn and have demonstrated improved cost discipline.
VanEck Vectors Digital Transformation ETF (DAPP) – Up 191.8%
VanEck Vectors Digital Transformation ETF aims to offer exposure to companies that are at the forefront of digital asset transformation, such as digital asset exchanges, payment gateways, digital asset mining operations, software services, equipment and technology or services to the digital asset operations, digital asset infrastructure businesses or companies facilitating commerce with the use of digital assets. VanEck Vectors Digital Transformation ETF tracks the MVIS Global Digital Assets Equity Index and holds 22 securities in its basket. It charges 50 bps in annual fees and has accumulated $64.3 million in its asset base.
Valkyrie Bitcoin Miners ETF (WGMI) – Up 190.8%
Valkyrie Bitcoin Miners ETF is an actively managed ETF that invests at least 80% of its net assets (plus borrowings for investment purposes) in securities of companies that derive at least 50% of their revenues or profits from bitcoin mining operations and from providing specialized chips, hardware and software or other services to companies engaged in bitcoin mining. Valkyrie Bitcoin Miners ETF holds 22 stocks in its basket, with a double-digit concentration on the top four firms. It has amassed $33 million in its asset base and charges 75 bps in annual fees.
ARK Next Generation Internet ETF (ARKW) – Up 84.5%
ARK Next Generation Internet ETF is an actively managed fund focusing on companies expected to benefit from the shift in technology infrastructure to the cloud, enabling mobile, new and local services. The fund holds 35 stocks in its basket. ARK Next Generation Internet ETF has amassed $1.6 billion in its asset base and charges 88 bps in annual fees (read: 5 Tech ETFs That Outperformed XLK in the Past Week).
VanEck Vectors Semiconductor ETF (SMH) – Up 65.7%
VanEck Vectors Semiconductor ETF offers exposure to the companies involved in semiconductor production and equipment. SMH follows the MVIS US Listed Semiconductor 25 Index, which measures the overall performance of companies involved in semiconductor production and equipment. VanEck Vectors Semiconductor ETF holds 26 stocks in its basket. SMH has managed assets worth $10.9 billion and charges 35 bps in annual fees and expenses. It has a Zacks ETF Rank #1 (Strong Buy) with a High risk outlook (read: Semiconductors Lead Decade's Top Gainers: 3 ETFs Up At Least 550%).
SPDR NYSE Technology ETF (XNTK) – Up 64.8%
SPDR NYSE Technology ETF provides exposure to 35 leading U.S.-listed technology-related companies by tracking the NYSE Technology Index. Semiconductors take the largest share at 26%, while systems software, application software, application Software and broadline retail round off the next four spots. SPDR NYSE Technology ETF has amassed $625.1 million and charges 35 bps in annual fees.
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Alphabet Inc. (GOOG) : Free Stock Analysis Report
Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
Apple Inc. (AAPL) : Free Stock Analysis Report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
Tesla, Inc. (TSLA) : Free Stock Analysis Report
VanEck Semiconductor ETF (SMH): ETF Research Reports
SPDR NYSE Technology ETF (XNTK): ETF Research Reports
VanEck Digital Transformation ETF (DAPP): ETF Research Reports
Valkyrie Bitcoin Miners ETF (WGMI): 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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Technology has turned out to be the most profitable sector in 2023, driven by the artificial intelligence (AI) boom, easing inflation, a surge in “Magnificent Seven” stocks and a crypto rally. The rapid adoption of cloud computing, big data, the Internet of Things, wearables, VR headsets, drones, virtual reality, machine learning, digital communication, blockchain and 5G technology will continue to fuel a rally. ARK Next Generation Internet ETF is an actively managed fund focusing on companies expected to benefit from the shift in technology infrastructure to the cloud, enabling mobile, new and local services.
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These are VanEck Vectors Digital Transformation ETF DAPP, Valkyrie Bitcoin Miners ETF WGMI, ARK Next Generation Internet ETF (ARKW), VanEck Vectors Semiconductor ETF SMH and SPDR NYSE Technology ETF XNTK. VanEck Vectors Digital Transformation ETF aims to offer exposure to companies that are at the forefront of digital asset transformation, such as digital asset exchanges, payment gateways, digital asset mining operations, software services, equipment and technology or services to the digital asset operations, digital asset infrastructure businesses or companies facilitating commerce with the use of digital assets. Click to get this free report Alphabet Inc. (GOOG) : Free Stock Analysis Report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report VanEck Semiconductor ETF (SMH): ETF Research Reports SPDR NYSE Technology ETF (XNTK): ETF Research Reports VanEck Digital Transformation ETF (DAPP): ETF Research Reports Valkyrie Bitcoin Miners ETF (WGMI): ETF Research Reports To read this article on Zacks.com click here.
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These are VanEck Vectors Digital Transformation ETF DAPP, Valkyrie Bitcoin Miners ETF WGMI, ARK Next Generation Internet ETF (ARKW), VanEck Vectors Semiconductor ETF SMH and SPDR NYSE Technology ETF XNTK. VanEck Vectors Digital Transformation ETF aims to offer exposure to companies that are at the forefront of digital asset transformation, such as digital asset exchanges, payment gateways, digital asset mining operations, software services, equipment and technology or services to the digital asset operations, digital asset infrastructure businesses or companies facilitating commerce with the use of digital assets. Click to get this free report Alphabet Inc. (GOOG) : Free Stock Analysis Report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report VanEck Semiconductor ETF (SMH): ETF Research Reports SPDR NYSE Technology ETF (XNTK): ETF Research Reports VanEck Digital Transformation ETF (DAPP): ETF Research Reports Valkyrie Bitcoin Miners ETF (WGMI): ETF Research Reports To read this article on Zacks.com click here.
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These are VanEck Vectors Digital Transformation ETF DAPP, Valkyrie Bitcoin Miners ETF WGMI, ARK Next Generation Internet ETF (ARKW), VanEck Vectors Semiconductor ETF SMH and SPDR NYSE Technology ETF XNTK. Finally, the Fed, in the latest FOMC meeting, hinted at three rate cuts for the next year while keeping the rates steady for this year. Valkyrie Bitcoin Miners ETF is an actively managed ETF that invests at least 80% of its net assets (plus borrowings for investment purposes) in securities of companies that derive at least 50% of their revenues or profits from bitcoin mining operations and from providing specialized chips, hardware and software or other services to companies engaged in bitcoin mining.
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1a58515c-f31b-41fe-b06a-858b6419dda0
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713892.0
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2023-12-11 00:00:00 UTC
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Affirm (AFRM) Partners With Zenni Optical, Stock Jumps 12.4%
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DCOMP
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https://www.nasdaq.com/articles/affirm-afrm-partners-with-zenni-optical-stock-jumps-12.4
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Affirm Holdings, Inc. AFRM has entered into a strategic partnership with online eyewear retailer Zenni Optical. This collaboration aims to provide Zenni Optical customers with flexible payment options. Approved customers will have the opportunity to divide the total cost of their purchase into manageable monthly payments. This buy now, pay later (BNPL) option will be applicable to purchases exceeding $75.
AFRM shares surged 12.4% yesterday, propelled by multiple positive factors. The Zenni Optical partnership followed closely after the collaboration with Blackhawk Network. Additionally, the Federal Reserve's indication of a potential rate cut in 2024, while maintaining the current rate amid diminishing inflation intensity, contributed to the positive sentiment. The macroeconomic environment, as reported by The Wall Street Journal, instilled optimism for companies like AFRM, as the prospect of normalized borrowing costs emerged in the near future.
Now, getting back to Affirm's latest deal, this initiative is anticipated to enhance the customer experience for Zenni Optical by offering transparent terms without hidden fees or compounding interest. Notably, on Black Friday, customers utilizing Affirm for payments spent nearly $260 on average per checkout on eyewear, marking a significant year-over-year increase of over 30%.
The collaboration integrates San Francisco Bay Area-based Zenni Optical into Affirm's extensive network of 266,000 retail partners. This strategic partnership is poised to enhance Zenni Optical's sales, average order value and repurchase rates. Affirm, already well-established in the U.S. market, will further strengthen its presence in the North American market with this latest alliance.
The deal is expected to contribute to an increase in Affirm's merchandise volume. While consumer reliance on BNPL solutions and comparable services grew amid high inflation, the normalizing rates in the future will lower borrowing costs for consumers, which can lead to further growth in transactions and usage of AFRM’s services.
Price Performance
Over the past year, shares of Affirm have surged 292.9% compared with the 12.7% rise of the industry it belongs to.
Image Source: Zacks Investment Research
Zacks Rank & Other Key Picks
Affirm currently has a Zacks Rank #2 (Buy).
Some other top-ranked stocks in the broader Business Services space are FirstCash Holdings, Inc. FCFS, Shift4 Payments, Inc. FOUR and RB Global, Inc. RBA. While FirstCash and Shift4 Payments currently sport a Zacks Rank #1 (Strong Buy) each, RB Global carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for FirstCash’s current year bottom line indicates 13.1% year-over-year growth. Headquartered in Fort Worth, TX, FCFS beat earnings estimates in all the past four quarters, with an average surprise of 7.9%.
The Zacks Consensus Estimate for Shift4 Payments’ current year earnings is pegged at $2.92 per share, which indicates 110.1% year-over-year growth. Allentown, PA-based FOUR beat earnings estimates in all the past four quarters, with an average surprise of 25%.
The Zacks Consensus Estimate for RB Global’s current year bottom line suggests 12.5% year-over-year growth. Based in Westchester, IL, RBA beat earnings estimates in each of the past four quarters, with an average surprise of 18.9%.
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FirstCash Holdings, Inc. (FCFS) : Free Stock Analysis Report
RB Global, Inc. (RBA) : Free Stock Analysis Report
Shift4 Payments, Inc. (FOUR) : Free Stock Analysis Report
Affirm Holdings, Inc. (AFRM) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The macroeconomic environment, as reported by The Wall Street Journal, instilled optimism for companies like AFRM, as the prospect of normalized borrowing costs emerged in the near future. Now, getting back to Affirm's latest deal, this initiative is anticipated to enhance the customer experience for Zenni Optical by offering transparent terms without hidden fees or compounding interest. 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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The Zacks Consensus Estimate for FirstCash’s current year bottom line indicates 13.1% year-over-year growth. The Zacks Consensus Estimate for RB Global’s current year bottom line suggests 12.5% year-over-year growth. Click to get this free report FirstCash Holdings, Inc. (FCFS) : Free Stock Analysis Report RB Global, Inc. (RBA) : Free Stock Analysis Report Shift4 Payments, Inc. (FOUR) : Free Stock Analysis Report Affirm Holdings, Inc. (AFRM) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Image Source: Zacks Investment Research Zacks Rank & Other Key Picks Affirm currently has a Zacks Rank #2 (Buy). While FirstCash and Shift4 Payments currently sport a Zacks Rank #1 (Strong Buy) each, RB Global carries a Zacks Rank #2. Click to get this free report FirstCash Holdings, Inc. (FCFS) : Free Stock Analysis Report RB Global, Inc. (RBA) : Free Stock Analysis Report Shift4 Payments, Inc. (FOUR) : Free Stock Analysis Report Affirm Holdings, Inc. (AFRM) : Free Stock Analysis Report To read this article on Zacks.com click here.
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This collaboration aims to provide Zenni Optical customers with flexible payment options. While FirstCash and Shift4 Payments currently sport a Zacks Rank #1 (Strong Buy) each, RB Global carries a Zacks Rank #2. The Zacks Consensus Estimate for Shift4 Payments’ current year earnings is pegged at $2.92 per share, which indicates 110.1% year-over-year growth.
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10f61a53-1588-4ac7-91f3-b5e7dfe5e068
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713893.0
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2023-12-11 00:00:00 UTC
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The Case for Keeping It Short (and Sweet) With US Treasuries
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https://www.nasdaq.com/articles/the-case-for-keeping-it-short-and-sweet-with-us-treasuries
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While inflation isn’t yet at the 2% range that the Federal Reserve has been targeting, it’s getting there. At least, it’s getting close enough for it to ease up on the gas on raising interest rates. In fact, the Fed could pump the brakes next year.
With the U.S. central bank announcing on Wednesday that it wasn’t planning any more rate hikes for 2023, many investors believe the Fed’s aggressive rate hike campaign is at its end. Fed Chair Jerome Powell even suggested that the FOMC could begin cutting rates in 2024.
See more: “Short-Term Treasuries Continue to Yield Over 5%”
In its recently released Fixed Income Outlook, BondBloxx wrote: “We do not anticipate any further rate hikes by the Fed in 2024. Instead, we expect the Fed will cut rates once or twice starting mid-year.” Bondbloxx added: “We also think shorter-term U.S. Treasuries remain attractive.”
Shorter-duration U.S. Treasuries performed very well this year. In fact, the shorter end of the U.S. Treasury curve experienced the best performance in 2023. So, while there’s something to be said for going long, BondBloxx argues that short-term U.S. Treasuries can potentially “generate higher income, manage cash positions, and maintain liquidity.”
Getting Short With XHLF, XONE & XTWO
BondBloxx offers a suite of eight duration-specific U.S. Treasury ETFs that target duration-constrained subsets of U.S. Treasuries with more than $300 billion outstanding. They’re designed to track indexes that achieve target durations using U.S. Treasury securities instead of specific maturities or maturity ranges.
Among this suite are a few funds that focus on the shorter end of the duration curve: the BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF), the BondBloxx Bloomberg One Year Target Duration US Treasury ETF (XONE), and the BondBloxx Bloomberg Two Year Target Duration US Treasury ETF (XTWO).
BondBloxx’s Treasury ETFs range in duration from six months to 20 years.
For more news, information, and analysis, visit the US Treasuries & TIPS Fixed Income Channel.
Read more on ETFTrends.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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Fed Chair Jerome Powell even suggested that the FOMC could begin cutting rates in 2024. See more: “Short-Term Treasuries Continue to Yield Over 5%” In its recently released Fixed Income Outlook, BondBloxx wrote: “We do not anticipate any further rate hikes by the Fed in 2024. For more news, information, and analysis, visit the US Treasuries & TIPS Fixed Income Channel.
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So, while there’s something to be said for going long, BondBloxx argues that short-term U.S. Treasuries can potentially “generate higher income, manage cash positions, and maintain liquidity.” Getting Short With XHLF, XONE & XTWO BondBloxx offers a suite of eight duration-specific U.S. Treasury ETFs that target duration-constrained subsets of U.S. Treasuries with more than $300 billion outstanding. Among this suite are a few funds that focus on the shorter end of the duration curve: the BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF), the BondBloxx Bloomberg One Year Target Duration US Treasury ETF (XONE), and the BondBloxx Bloomberg Two Year Target Duration US Treasury ETF (XTWO). BondBloxx’s Treasury ETFs range in duration from six months to 20 years.
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Instead, we expect the Fed will cut rates once or twice starting mid-year.” Bondbloxx added: “We also think shorter-term U.S. Treasuries remain attractive.” Shorter-duration U.S. Treasuries performed very well this year. So, while there’s something to be said for going long, BondBloxx argues that short-term U.S. Treasuries can potentially “generate higher income, manage cash positions, and maintain liquidity.” Getting Short With XHLF, XONE & XTWO BondBloxx offers a suite of eight duration-specific U.S. Treasury ETFs that target duration-constrained subsets of U.S. Treasuries with more than $300 billion outstanding. Among this suite are a few funds that focus on the shorter end of the duration curve: the BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF), the BondBloxx Bloomberg One Year Target Duration US Treasury ETF (XONE), and the BondBloxx Bloomberg Two Year Target Duration US Treasury ETF (XTWO).
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See more: “Short-Term Treasuries Continue to Yield Over 5%” In its recently released Fixed Income Outlook, BondBloxx wrote: “We do not anticipate any further rate hikes by the Fed in 2024. Among this suite are a few funds that focus on the shorter end of the duration curve: the BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF), the BondBloxx Bloomberg One Year Target Duration US Treasury ETF (XONE), and the BondBloxx Bloomberg Two Year Target Duration US Treasury ETF (XTWO). BondBloxx’s Treasury ETFs range in duration from six months to 20 years.
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b9ead0fc-26bb-4af7-91b6-88b88db54f7b
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713894.0
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2023-12-11 00:00:00 UTC
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Looking for Passive Income? This Dividend Stock Looks Like a Bargain.
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https://www.nasdaq.com/articles/looking-for-passive-income-this-dividend-stock-looks-like-a-bargain.
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The Federal Reserve has steadily increased interest rates over the last two years in an effort to curb inflation. One industry hit hard by this dynamic is consumer staples. According to November's report from the Bureau of Labor Statistics, food is one area where consumers are feeling the most pocket pain.
One sector adjacent to food that is feeling inflationary repercussions is tobacco. Tobacco products can often be found in grocery stores and gas stations. But as shoppers are forgoing certain purchases and only buying the necessities, companies like Altria Group (NYSE: MO) are feeling the heat.
Despite headwinds from a stormy macroeconomic picture, investor sentiment around Altria may be overblown. With the stock trading at a dividend yield of 9.5%, now might be a stealthy opportunity to scoop on some shares at a cheap valuation.
What is going on at Altria?
On the surface, Altria is not in the most enviable position. The impacts that inflation and high borrowing costs have on consumers is obvious. As goods and services cost more money, your purchasing power does not go as far. As such, most shoppers are forced to forgo certain purchases. However, chalking up Altria's challenges to a cloudy economy is a bit shortsighted.
While the company sells a variety of tobacco products, its most recognizable is cigarette brand Marlboro, which owns over 40% of retail cigarette sales nationwide. Demand for cigarettes has been plummeting for many years. As consumers are becoming more in touch with health and wellness, the demand for cigarettes and other tobacco-related products has experienced a pushback. With Altria owning such meaningful market share, the rise in health-conscious purchasing activity has stifled the company's growth.
Image source: Getty Images.
What is Altria doing to combat this trend?
One of the most famous hedge fund managers in the world is Bill Ackman, CEO of Pershing Square Capital Management. Ackman is notorious for investing in a small cohort of stocks. And while he spreads these investments across different industries, one of the common denominators among his holdings is that he prefers owning companies that have pricing power.
During Altria's third-quarter earnings call, management spoke at length about the company's continuous price increases this year. Given the company's market-leading position, Altria has the luxury of being able to increase its prices while also not alienating its buyers. For this reason, higher prices have at least partially offset dwindling demand for tobacco products.
However, investors should be aware that Altria is doing more than just merely increasing its prices. The company has a history of doing acquisitions, and some of its latest transactions may shed some light on the future of the tobacco giant.
Earlier this year, Altria completed its acquisition of e-vape company NJOY Holdings. This deal isn't entirely surprising given prior deals in recent history that revolved around smokeless tobacco products. Back in 2019, the company invested in Swiss-based Burger Söhne Holding AG, which manufactures an oral nicotine pouch called on!.
Per Altria's third-quarter earnings, shipment volumes of on! increased 37% year over year. Meanwhile, its market share in retail increased from 5.2% in September 2022 to nearly 7%. These results could imply that Altria's moves in smokeless products are paying off. While traditional tobacco products such as cigarettes and cigars may continue to plateau as consumer sentiment shifts, the company has made some savvy investments in alternative categories that appear to be taking shape. Moreover, with NJOY vapes expected to be in 70,000 stores by year end, investors should not overlook the impact this can have on future earnings.
Is Altria stock undervalued?
MO data by YCharts.
The chart above illustrates Altria's stock price movement compared to a number of consumer staples exchange-traded funds (ETFs). The key takeaway here is that over the last year Altria stock has underperformed all three of the ETFs. With the stock trading near a 52-week low, some investors might be wondering if the sell-off is overblown and now is an opportunity to buy the dip.
While the secular trends impacting sentiment around tobacco products are hard to ignore, investors should keep in mind that Altria has made some interesting investments beyond smoking products that may not be priced into the stock. Moreover, the company's rich history of raising its dividend has earned Altria a position among the esteemed list of Dividend Kings -- something I don't see going away anytime soon.
MO PE Ratio data by YCharts.
Altria's current price-to-earnings (P/E) multiple of 8.4 is hovering around its lowest levels in three years. While the company's near-term growth may still be muted due to lingering pressures from inflation, the long-term picture appears more optimistic. Altria has a number of different ways to capture the attention of consumers as it makes inroads in new markets, namely smokeless tobacco and oral nicotine. Moreover, as the stock trades at dirt cheap levels, investors may want to consider Altria for some dividend income. Now looks like a terrific opportunity to go bargain hunting in Altria stock.
Should you invest $1,000 in Altria Group right now?
Before you buy stock in Altria Group, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Altria Group wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
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Adam Spatacco 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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Back in 2019, the company invested in Swiss-based Burger Söhne Holding AG, which manufactures an oral nicotine pouch called on!. While traditional tobacco products such as cigarettes and cigars may continue to plateau as consumer sentiment shifts, the company has made some savvy investments in alternative categories that appear to be taking shape. Altria has a number of different ways to capture the attention of consumers as it makes inroads in new markets, namely smokeless tobacco and oral nicotine.
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But as shoppers are forgoing certain purchases and only buying the necessities, companies like Altria Group (NYSE: MO) are feeling the heat. During Altria's third-quarter earnings call, management spoke at length about the company's continuous price increases this year. Before you buy stock in Altria Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Altria Group wasn't one of them.
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During Altria's third-quarter earnings call, management spoke at length about the company's continuous price increases this year. While the secular trends impacting sentiment around tobacco products are hard to ignore, investors should keep in mind that Altria has made some interesting investments beyond smoking products that may not be priced into the stock. Before you buy stock in Altria Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Altria Group wasn't one of them.
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What is going on at Altria? increased 37% year over year. Before you buy stock in Altria Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Altria Group wasn't one of them.
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713895.0
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2023-12-11 00:00:00 UTC
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Stay Ahead of the Game With FedEx (FDX) Q2 Earnings: Wall Street's Insights on Key Metrics
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https://www.nasdaq.com/articles/stay-ahead-of-the-game-with-fedex-fdx-q2-earnings%3A-wall-streets-insights-on-key-metrics
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Wall Street analysts forecast that FedEx (FDX) will report quarterly earnings of $4.14 per share in its upcoming release, pointing to a year-over-year increase of 30.2%. It is anticipated that revenues will amount to $22.33 billion, exhibiting a decline of 2.1% compared to the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.4% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
In light of this perspective, let's dive into the average estimates of certain FedEx metrics that are commonly tracked and forecasted by Wall Street analysts.
Based on the collective assessment of analysts, 'Revenues- Other and Eliminations' should arrive at $940.98 million. The estimate suggests a change of -9.1% year over year.
The average prediction of analysts places 'Revenues- FedEx Services' at $72.29 million. The estimate points to a change of +6.3% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Revenues- FedEx Express' of $10.37 billion. The estimate suggests a change of -4.6% year over year.
Analysts' assessment points toward 'Revenues- FedEx Ground' reaching $8.71 billion. The estimate indicates a change of +3.7% from the prior-year quarter.
It is projected by analysts that the 'Average daily package volume - FedEx Express - Package - Total U.S Domestic Package' will reach 2,706.57 thousand. Compared to the present estimate, the company reported 2,783 thousand in the same quarter last year.
Analysts predict that the 'Average daily package volume - FedEx Express - Package - Total International Export Package' will reach 1,041.79 thousand. The estimate compares to the year-ago value of 1,021 thousand.
The consensus among analysts is that 'Revenue per package - FedEx Express - Package - U.S. domestic composite Yield' will reach $23.00. Compared to the present estimate, the company reported $22.61 in the same quarter last year.
The combined assessment of analysts suggests that 'Average daily freight pounds - FedEx Express - Freight - U.S' will likely reach 5,708.42 thousand. Compared to the present estimate, the company reported 7,503 thousand in the same quarter last year.
The consensus estimate for 'Average daily package volume - FedEx Express - Package - U.S. deferred' stands at 987.48 thousand. Compared to the current estimate, the company reported 1,042 thousand in the same quarter of the previous year.
Analysts forecast 'Average daily package volume - FedEx Express - Package - U.S. overnight envelope' to reach 449.66 thousand. Compared to the present estimate, the company reported 458 thousand in the same quarter last year.
According to the collective judgment of analysts, 'Average daily package volume - FedEx Express - Package - U.S. overnight box' should come in at 1,269.44 thousand. Compared to the present estimate, the company reported 1,283 thousand in the same quarter last year.
Analysts expect 'Average daily package volume - FedEx Express - Package - International Domestic' to come in at 1,959.13 thousand. Compared to the current estimate, the company reported 1,950 thousand in the same quarter of the previous year.
View all Key Company Metrics for FedEx here>>>
Over the past month, FedEx shares have recorded returns of +6.4% versus the Zacks S&P 500 composite's +6.9% change. Based on its Zacks Rank #3 (Hold), FDX will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
FedEx Corporation (FDX) : 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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Wall Street analysts forecast that FedEx (FDX) will report quarterly earnings of $4.14 per share in its upcoming release, pointing to a year-over-year increase of 30.2%. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock. While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
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It is projected by analysts that the 'Average daily package volume - FedEx Express - Package - Total U.S Domestic Package' will reach 2,706.57 thousand. Analysts predict that the 'Average daily package volume - FedEx Express - Package - Total International Export Package' will reach 1,041.79 thousand. Analysts forecast 'Average daily package volume - FedEx Express - Package - U.S. overnight envelope' to reach 449.66 thousand.
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It is projected by analysts that the 'Average daily package volume - FedEx Express - Package - Total U.S Domestic Package' will reach 2,706.57 thousand. Compared to the present estimate, the company reported 2,783 thousand in the same quarter last year. Analysts predict that the 'Average daily package volume - FedEx Express - Package - Total International Export Package' will reach 1,041.79 thousand.
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Wall Street analysts forecast that FedEx (FDX) will report quarterly earnings of $4.14 per share in its upcoming release, pointing to a year-over-year increase of 30.2%. The collective assessment of analysts points to an estimated 'Revenues- FedEx Express' of $10.37 billion. Compared to the present estimate, the company reported 2,783 thousand in the same quarter last year.
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3153557a-8d3e-4e8c-9611-fa27b625263c
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713896.0
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2023-12-11 00:00:00 UTC
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ABM Industries (ABM) Q4 Earnings and Revenues Beat Estimates
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DCOMP
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https://www.nasdaq.com/articles/abm-industries-abm-q4-earnings-and-revenues-beat-estimates
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nan
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ABM Industries Inc. ABM reported impressive fourth-quarter fiscal 2023 results, wherein earnings and revenues beat the Zacks Consensus Estimate.
Adjusted earnings (considering 5 cents from non-recurring items) were $1.01 per share, which beat the consensus estimate by 8.6% and increased 13.5% from last fiscal year’s quarterly figure.
Total revenues of $2.09 billion beat the consensus mark by 2.8% and improved 4.1% from the last fiscal year’s quarterly figure. The upside was backed by solid segmental performance, strength from new accounts that came online late last year and the acquisition of RavenVolt. Quarterly revenue growth included 3.8% organic growth and a 0.3% upside from acquisitions.
Segment-Wise Revenues
The Business & Industry segment’s revenues increased 0.4% from the last fiscal year’s quarterly figure to $1.03 billion and beat our estimate by 4.6%.
ABM Industries Incorporated Price, Consensus and EPS Surprise
ABM Industries Incorporated price-consensus-eps-surprise-chart | ABM Industries Incorporated Quote
Revenues from the Manufacturing & Distribution segment rose 5.4% to $391.2 million, beating our estimate by 4.5%. The Aviation segment’s revenues rose 15.8% from the last fiscal year’s quarterly figure to $248.2 million and surpassed our estimate by 12.6%.
Technical Solutions and Education segments’ revenues increased 6.2% and 5.8% from the prior-year fiscal quarter’s levels to $190.8 million and $229.8 million, respectively.
Operating Results
Adjusted EBITDA was $144.2 million, up 10.3% from the prior-year period. Adjusted EBITDA margin was 7.2% compared with 6.8% reported in the prior-year period.
Balance Sheet & Cash Flow
ABM Industries exited fourth-quarter fiscal 2023 with cash and cash equivalents of $69.5 million compared with $97.7 million at the end of the prior fiscal quarter. Long-term debt was $1.28 billion compared with $1.29 billion at the end of the prior fiscal quarter.
Net cash provided by operating activities totaled $139.1 million for the reported quarter. Free cash flow was $121.2 million.
2024 Guidance
For fiscal 2024, ABM Industries expects adjusted earnings per share to be in the range of $3.20-$3.40. The Zacks Consensus Estimate for earnings of $3.29 per share is pegged below the midpoint of the guided range ($3.30). Adjusted EBITDA margin is anticipated to be between 6.2% and 6.5%. Interest expense is expected to be between $82 million and $86 million.
ABM currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Stocks to Consider
Here are a few stocks from the broader Business Services sector that have also performed well in their recent earnings releases:
S&P Global Inc. SPGI reported impressive third-quarter results, wherein earnings and revenues beat the Zacks Consensus Estimate.
SPGI’s adjusted earnings per share (excluding 88 cents from non-recurring items) of $3.21 rose 9.6% year over year and beat the consensus estimate by 5.3%. Revenues of $3.08 billion surpassed the consensus estimate by 2% and improved 8% year over year, backed by strong performance in all divisions.
Verisk Analytics Inc. VRSK reported impressive third-quarter 2023 results, wherein earnings and revenues beat the respective consensus estimates.
VRSK’s adjusted earnings (excluding 23 cents from non-recurring items) were $1.52 per share, beating the Zacks Consensus Estimate and increasing 4.1% from the year-ago reported figure. Such a beat was supported by strong growth in underwriting data solutions, life insurance and extreme events solutions.
Fiserv, Inc. FI reported impressive third-quarter 2023 results, wherein earnings and revenues surpassed the Zacks Consensus Estimate.
FI’s adjusted earnings per share (excluding 40 cents from non-recurring items) of $1.96 exceeded the consensus mark by 1% and increased 20% year over year. Adjusted revenues of $4.62 billion surpassed the consensus estimate by 0.53% and increased 8.2% year over year.
Organic revenue growth was 12% in the quarter, driven by 20% and 6% growth in the Acceptance and Payments segments, respectively.
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
ABM Industries Incorporated (ABM) : Free Stock Analysis Report
Verisk Analytics, Inc. (VRSK) : Free Stock Analysis Report
Fiserv, Inc. (FI) : Free Stock Analysis Report
S&P Global Inc. (SPGI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Adjusted earnings (considering 5 cents from non-recurring items) were $1.01 per share, which beat the consensus estimate by 8.6% and increased 13.5% from last fiscal year’s quarterly figure. VRSK’s adjusted earnings (excluding 23 cents from non-recurring items) were $1.52 per share, beating the Zacks Consensus Estimate and increasing 4.1% from the year-ago reported figure. 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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ABM Industries Inc. ABM reported impressive fourth-quarter fiscal 2023 results, wherein earnings and revenues beat the Zacks Consensus Estimate. Fiserv, Inc. FI reported impressive third-quarter 2023 results, wherein earnings and revenues surpassed the Zacks Consensus Estimate. Click to get this free report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Verisk Analytics, Inc. (VRSK) : Free Stock Analysis Report Fiserv, Inc. (FI) : Free Stock Analysis Report S&P Global Inc. (SPGI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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ABM Industries Inc. ABM reported impressive fourth-quarter fiscal 2023 results, wherein earnings and revenues beat the Zacks Consensus Estimate. Stocks to Consider Here are a few stocks from the broader Business Services sector that have also performed well in their recent earnings releases: S&P Global Inc. SPGI reported impressive third-quarter results, wherein earnings and revenues beat the Zacks Consensus Estimate. Click to get this free report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Verisk Analytics, Inc. (VRSK) : Free Stock Analysis Report Fiserv, Inc. (FI) : Free Stock Analysis Report S&P Global Inc. (SPGI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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ABM Industries Inc. ABM reported impressive fourth-quarter fiscal 2023 results, wherein earnings and revenues beat the Zacks Consensus Estimate. Segment-Wise Revenues The Business & Industry segment’s revenues increased 0.4% from the last fiscal year’s quarterly figure to $1.03 billion and beat our estimate by 4.6%. Stocks to Consider Here are a few stocks from the broader Business Services sector that have also performed well in their recent earnings releases: S&P Global Inc. SPGI reported impressive third-quarter results, wherein earnings and revenues beat the Zacks Consensus Estimate.
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96a72c21-3a9f-496c-a263-5e7ff9d5c34d
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713897.0
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2023-12-11 00:00:00 UTC
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SMGZY or JAMF: Which Is the Better Value Stock Right Now?
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DCOMP
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https://www.nasdaq.com/articles/smgzy-or-jamf%3A-which-is-the-better-value-stock-right-now
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nan
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nan
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Investors interested in Technology Services stocks are likely familiar with Smiths Group PLC (SMGZY) and Jamf Holding (JAMF). But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.
There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits.
Currently, both Smiths Group PLC and Jamf Holding are holding a Zacks Rank of # 2 (Buy). Investors should feel comfortable knowing that both of these stocks have an improving earnings outlook since the Zacks Rank favors companies that have witnessed positive analyst estimate revisions. But this is just one factor that value investors are interested in.
Value investors also tend to look at a number of traditional, tried-and-true figures to help them find stocks that they believe are undervalued at their current share price levels.
Our Value category grades stocks based on a number of key metrics, including the tried-and-true P/E ratio, the P/S ratio, earnings yield, and cash flow per share, as well as a variety of other fundamentals that value investors frequently use.
SMGZY currently has a forward P/E ratio of 16.36, while JAMF has a forward P/E of 63. We also note that SMGZY has a PEG ratio of 1.49. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. JAMF currently has a PEG ratio of 1.89.
Another notable valuation metric for SMGZY is its P/B ratio of 2.58. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. By comparison, JAMF has a P/B of 3.29.
Based on these metrics and many more, SMGZY holds a Value grade of A, while JAMF has a Value grade of D.
Both SMGZY and JAMF are impressive stocks with solid earnings outlooks, but based on these valuation figures, we feel that SMGZY is the superior value option right now.
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
Smiths Group PLC (SMGZY) : Free Stock Analysis Report
Jamf Holding Corp. (JAMF) : 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.
|
There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. Investors should feel comfortable knowing that both of these stocks have an improving earnings outlook since the Zacks Rank favors companies that have witnessed positive analyst estimate revisions. 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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The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits. Based on these metrics and many more, SMGZY holds a Value grade of A, while JAMF has a Value grade of D. Both SMGZY and JAMF are impressive stocks with solid earnings outlooks, but based on these valuation figures, we feel that SMGZY is the superior value option right now. Click to get this free report Smiths Group PLC (SMGZY) : Free Stock Analysis Report Jamf Holding Corp. (JAMF) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Investors interested in Technology Services stocks are likely familiar with Smiths Group PLC (SMGZY) and Jamf Holding (JAMF). Based on these metrics and many more, SMGZY holds a Value grade of A, while JAMF has a Value grade of D. Both SMGZY and JAMF are impressive stocks with solid earnings outlooks, but based on these valuation figures, we feel that SMGZY is the superior value option right now. Click to get this free report Smiths Group PLC (SMGZY) : Free Stock Analysis Report Jamf Holding Corp. (JAMF) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Investors interested in Technology Services stocks are likely familiar with Smiths Group PLC (SMGZY) and Jamf Holding (JAMF). JAMF currently has a PEG ratio of 1.89. Based on these metrics and many more, SMGZY holds a Value grade of A, while JAMF has a Value grade of D. Both SMGZY and JAMF are impressive stocks with solid earnings outlooks, but based on these valuation figures, we feel that SMGZY is the superior value option right now.
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ca58ae49-6f26-4bb9-baab-bbb1ff551d27
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713898.0
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2023-12-11 00:00:00 UTC
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BBVA vs. SVNLY: Which Stock Is the Better Value Option?
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DCOMP
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https://www.nasdaq.com/articles/bbva-vs.-svnly%3A-which-stock-is-the-better-value-option
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nan
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Investors interested in Banks - Foreign stocks are likely familiar with Banco Bilbao (BBVA) and Svenska Handelsbanken Ab Publ (SVNLY). But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.
Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits.
Currently, Banco Bilbao has a Zacks Rank of #1 (Strong Buy), while Svenska Handelsbanken Ab Publ has a Zacks Rank of #2 (Buy). This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that BBVA is likely seeing its earnings outlook improve to a greater extent. But this is only part of the picture for value investors.
Value investors also tend to look at a number of traditional, tried-and-true figures to help them find stocks that they believe are undervalued at their current share price levels.
The Value category of the Style Scores system identifies undervalued companies by looking at a number of key metrics. These include the long-favored P/E ratio, P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that help us determine a company's fair value.
BBVA currently has a forward P/E ratio of 6.82, while SVNLY has a forward P/E of 7.81. We also note that BBVA has a PEG ratio of 0.47. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. SVNLY currently has a PEG ratio of 1.34.
Another notable valuation metric for BBVA is its P/B ratio of 0.94. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. By comparison, SVNLY has a P/B of 1.06.
These metrics, and several others, help BBVA earn a Value grade of B, while SVNLY has been given a Value grade of D.
BBVA stands above SVNLY thanks to its solid earnings outlook, and based on these valuation figures, we also feel that BBVA is the superior value option right now.
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
Banco Bilbao Viscaya Argentaria S.A. (BBVA) : Free Stock Analysis Report
Svenska Handelsbanken Ab Publ (SVNLY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits. 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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Investors interested in Banks - Foreign stocks are likely familiar with Banco Bilbao (BBVA) and Svenska Handelsbanken Ab Publ (SVNLY). Currently, Banco Bilbao has a Zacks Rank of #1 (Strong Buy), while Svenska Handelsbanken Ab Publ has a Zacks Rank of #2 (Buy). Click to get this free report Banco Bilbao Viscaya Argentaria S.A. (BBVA) : Free Stock Analysis Report Svenska Handelsbanken Ab Publ (SVNLY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Investors interested in Banks - Foreign stocks are likely familiar with Banco Bilbao (BBVA) and Svenska Handelsbanken Ab Publ (SVNLY). These metrics, and several others, help BBVA earn a Value grade of B, while SVNLY has been given a Value grade of D. BBVA stands above SVNLY thanks to its solid earnings outlook, and based on these valuation figures, we also feel that BBVA is the superior value option right now. Click to get this free report Banco Bilbao Viscaya Argentaria S.A. (BBVA) : Free Stock Analysis Report Svenska Handelsbanken Ab Publ (SVNLY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Currently, Banco Bilbao has a Zacks Rank of #1 (Strong Buy), while Svenska Handelsbanken Ab Publ has a Zacks Rank of #2 (Buy). SVNLY currently has a PEG ratio of 1.34. These metrics, and several others, help BBVA earn a Value grade of B, while SVNLY has been given a Value grade of D. BBVA stands above SVNLY thanks to its solid earnings outlook, and based on these valuation figures, we also feel that BBVA is the superior value option right now.
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553f2792-12e8-42a3-901b-2e684543d616
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713899.0
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2023-12-11 00:00:00 UTC
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UTL or DTE: Which Is the Better Value Stock Right Now?
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DCOMP
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https://www.nasdaq.com/articles/utl-or-dte%3A-which-is-the-better-value-stock-right-now
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nan
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nan
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Investors with an interest in Utility - Electric Power stocks have likely encountered both Unitil (UTL) and DTE Energy (DTE). But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.
There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while our Style Scores work to grade companies based on specific traits.
Right now, Unitil is sporting a Zacks Rank of #2 (Buy), while DTE Energy has a Zacks Rank of #3 (Hold). Investors should feel comfortable knowing that UTL likely has seen a stronger improvement to its earnings outlook than DTE has recently. But this is just one factor that value investors are interested in.
Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels.
The Style Score Value grade factors in a variety of key fundamental metrics, including the popular P/E ratio, P/S ratio, earnings yield, cash flow per share, and a number of other key stats that are commonly used by value investors.
UTL currently has a forward P/E ratio of 19.11, while DTE has a forward P/E of 19.21. We also note that UTL has a PEG ratio of 2.70. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. DTE currently has a PEG ratio of 3.20.
Another notable valuation metric for UTL is its P/B ratio of 1.78. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. For comparison, DTE has a P/B of 2.15.
These are just a few of the metrics contributing to UTL's Value grade of B and DTE's Value grade of C.
UTL sticks out from DTE in both our Zacks Rank and Style Scores models, so value investors will likely feel that UTL is the better option right now.
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
Unitil Corporation (UTL) : Free Stock Analysis Report
DTE Energy Company (DTE) : 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.
|
There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels. The New Gold Rush: How Lithium Batteries Will Make Millionaires As the electric vehicle revolution expands, investors have a chance to target huge gains.
|
Investors with an interest in Utility - Electric Power stocks have likely encountered both Unitil (UTL) and DTE Energy (DTE). These are just a few of the metrics contributing to UTL's Value grade of B and DTE's Value grade of C. UTL sticks out from DTE in both our Zacks Rank and Style Scores models, so value investors will likely feel that UTL is the better option right now. Click to get this free report Unitil Corporation (UTL) : Free Stock Analysis Report DTE Energy Company (DTE) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Investors with an interest in Utility - Electric Power stocks have likely encountered both Unitil (UTL) and DTE Energy (DTE). These are just a few of the metrics contributing to UTL's Value grade of B and DTE's Value grade of C. UTL sticks out from DTE in both our Zacks Rank and Style Scores models, so value investors will likely feel that UTL is the better option right now. Click to get this free report Unitil Corporation (UTL) : Free Stock Analysis Report DTE Energy Company (DTE) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Right now, Unitil is sporting a Zacks Rank of #2 (Buy), while DTE Energy has a Zacks Rank of #3 (Hold). DTE currently has a PEG ratio of 3.20. These are just a few of the metrics contributing to UTL's Value grade of B and DTE's Value grade of C. UTL sticks out from DTE in both our Zacks Rank and Style Scores models, so value investors will likely feel that UTL is the better option right now.
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4c8de396-e8f4-4d0f-9f42-9c9e7c9b803f
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