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714000.0
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2023-12-07 00:00:00 UTC
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Arthur J. Gallagher (AJG) Adds Evans Agency to Its Portfolio
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https://www.nasdaq.com/articles/arthur-j.-gallagher-ajg-adds-evans-agency-to-its-portfolio
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Arthur J. Gallagher & Co. AJG recently closed The Evans Agency buyout. The acquisition was announced last month. The acquisition will consolidate the acquirer’s presence in Western New York.
Williamsville, NY-based The Evans Agency is the wholly-owned subsidiary of Evans Bancorp, Inc., which is a commercial property/casualty insurance broker with a public entity and scholastic expertise. The company also offers personal lines and employee benefits services to its clients across the Western New York region. The addition of Evans Agency will not only strengthen the acquirer’s presence in that region but also enhance AJG's capabilities to serve clients better.
Arthur J. Gallagher has an impressive inorganic story with buyouts in the Brokerage and Risk Management segments. This insurance broker acquired 37 entities in the first nine months of 2023 that contributed about $475.3 million to estimated annualized revenues. Arthur J. Gallagher is growing through mergers and acquisitions, most of which are within its Brokerage segment. The recent acquisition marks the 14th buyout quarter to date. AJG made 17 buyouts in the fourth quarter of 2022 with estimated annualized revenues acquired of $141.3 million.
AJG has a solid merger and acquisition pipeline with about 45 term sheets either agreed upon or being prepared, representing more than $450 million of annualized revenues. Revenue growth rates generally range from 5% to 20% for 2023 acquisitions.
A solid capital position supports this Zacks Rank #3 (Hold) insurance broker in its growth initiatives. It remains focused on continuing its tuck-in mergers and acquisitions. AJG continues to expect M&A capacity upward of $3 billion through the end of 2023 and another $3.5 billion in 2024 without using any equity.
Arthur J. Gallagher’s long-term growth strategies should help it deliver organic revenue improvement and pursue strategic mergers and acquisitions. AJG is focused on productivity improvements and quality enhancements that should help it post sturdy numbers in the future.
Shares of Arthur J. Gallagher have gained 28.7% year to date, outperforming the industry’s 14.8% increase. Solid performance of the Brokerage and Risk Management segments, strategic buyouts to capitalize on growing market opportunities and effective capital deployment should continue to drive share price higher.
Image Source: Zacks Investment Research
Acquisition by Another Industry Player
Marsh & McLennan Companies, Inc.’s MMC business, Mercer, recently agreed to buy the outsourced chief investment officer (OCIO) business of Vanguard, a leading investment management firm. The move is expected to boost Mercer’s position in the OCIO space.
The acquisition underscores Marsh & McLennan's strategic inorganic growth approach, exemplified by various purchases across its operating units. These acquisitions have facilitated entry into new regions, expansion in existing ones, diversification into new businesses and the development of new segments. The prudent acquisitions position the company for sustained long-term growth.
Stocks to Consider
Some better-ranked stocks from the Brokerage Insurance space are ErieIndemnity. ERIE and Brown & Brown BRO.
Erie Indemnity delivered a four-quarter average earnings surprise of 10.03%. ERIE has gained 21.2% year to date. It currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for ERIE’s 2023 and 2024 earnings per share (EPS) is pegged at $8.53 and $9.85, indicating a year-over-year increase of 49.4% and 15.5%, respectively.
Brown & Brown delivered a four-quarter average earnings surprise of 1.41%. Shares of BRO have gained 29.8% year to date. It presently carries a Zacks Rank #2 (Buy).
The Zacks Consensus Estimate for BRO’s 2023 and 2024 EPS is pegged at $2.76 and $3.02, indicating a year-over-year increase of 21.1% and 9.4%, respectively.
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Marsh & McLennan Companies, Inc. (MMC) : Free Stock Analysis Report
Arthur J. Gallagher & Co. (AJG) : Free Stock Analysis Report
Brown & Brown, Inc. (BRO) : Free Stock Analysis Report
Erie Indemnity Company (ERIE) : 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 addition of Evans Agency will not only strengthen the acquirer’s presence in that region but also enhance AJG's capabilities to serve clients better. AJG has a solid merger and acquisition pipeline with about 45 term sheets either agreed upon or being prepared, representing more than $450 million of annualized revenues. Arthur J. Gallagher’s long-term growth strategies should help it deliver organic revenue improvement and pursue strategic mergers and acquisitions.
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Arthur J. Gallagher & Co. AJG recently closed The Evans Agency buyout. Image Source: Zacks Investment Research Acquisition by Another Industry Player Marsh & McLennan Companies, Inc.’s MMC business, Mercer, recently agreed to buy the outsourced chief investment officer (OCIO) business of Vanguard, a leading investment management firm. Click to get this free report Marsh & McLennan Companies, Inc. (MMC) : Free Stock Analysis Report Arthur J. Gallagher & Co. (AJG) : Free Stock Analysis Report Brown & Brown, Inc. (BRO) : Free Stock Analysis Report Erie Indemnity Company (ERIE) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Arthur J. Gallagher’s long-term growth strategies should help it deliver organic revenue improvement and pursue strategic mergers and acquisitions. Image Source: Zacks Investment Research Acquisition by Another Industry Player Marsh & McLennan Companies, Inc.’s MMC business, Mercer, recently agreed to buy the outsourced chief investment officer (OCIO) business of Vanguard, a leading investment management firm. Click to get this free report Marsh & McLennan Companies, Inc. (MMC) : Free Stock Analysis Report Arthur J. Gallagher & Co. (AJG) : Free Stock Analysis Report Brown & Brown, Inc. (BRO) : Free Stock Analysis Report Erie Indemnity Company (ERIE) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Arthur J. Gallagher is growing through mergers and acquisitions, most of which are within its Brokerage segment. Arthur J. Gallagher’s long-term growth strategies should help it deliver organic revenue improvement and pursue strategic mergers and acquisitions. Stocks to Consider Some better-ranked stocks from the Brokerage Insurance space are ErieIndemnity.
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aae2c51e-fcee-46d0-b9d4-d471093a80a3
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714001.0
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2023-12-07 00:00:00 UTC
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US natgas slides to 3-month low on mild weather, Golden Pass LNG delay
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DCOMP
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https://www.nasdaq.com/articles/us-natgas-slides-to-3-month-low-on-mild-weather-golden-pass-lng-delay
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By Scott DiSavino
Dec 7 (Reuters) - U.S. natural gas futures slid about 2% to a three-month low on Thursday on forecasts for milder weather and lower heating demand as investors worried liquefied natural gas (LNG) exports would not grow much in 2024.
On Wednesday, Exxon MobilXOM.Ndelayed expected LNG production at its 2.4-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.
Traders said that delay helped sink futures prices by about 5% on Wednesday because it would reduce demand and leave more gas in the U.S., forcing producers to cut production or inject more gas into storage or both.
U.S. Energy Information Administration (EIA) data showed a massive 117 billion cubic feet (bcf) withdrawal from storage during the week ended Dec. 1, bigger than the 106-bcf decline analysts forecast in a Reuters poll and exceeding a withdrawal of 30 bcf in the same week last year and a five-year (2018-2022) average decline of 48 bcf. EIA/GASNGAS/POLL
Analysts said last week's withdrawal was bigger than usual because cold weather boosted heating demand.
Front-month gas futures NGc1 for January delivery on the New York Mercantile Exchange fell 4.4 cents, or 1.7%, to $2.525 per million British thermal units (mmBtu) at 11:04 a.m. EST (1604 GMT). For the second straight day, it was on track for its lowest close since Sept. 6 and also in oversold territory with a Relative Strength Index (RSI) below 30.
With record production levels and ample storage, the gas futures market has been sending bearish signals for weeks that futures prices for this winter (November-March) had likely already peaked in November.
One of the biggest signs the market has given up on winter price spikes was the collapse of the premium of futures for March over April NGH24-J24 to a record low of just one cent per mmBtu.
March is the last month of the winter storage withdrawal season and April is the first month of the summer storage injection season. Traders have noted that gas demand peaks during the winter heating season and therefore summer prices should not trade above winter.
SUPPLY AND DEMAND
Financial firm LSEG said average gas output in the Lower 48 U.S. states slid to 107.3 bcfd so far in December from a record 107.8 bcfd in November.
Daily output was on track to drop by 2.2 bcfd over the past four days to a preliminary one-month low of 106.0 bcfd on Thursday.
Meteorologists projected the weather would turn from warmer-than-normal from Dec. 7-10 to near-normal from Dec. 11-14 and then back to warmer-than-normal from Dec. 15-22.
With seasonally colder weather coming, LSEG forecast U.S. gas demand in the Lower 48, including exports, would rise from 121.5 bcfd this week to 126.4 bcfd next week. The forecast for this week was lower than LSEG's outlook on Wednesday.
Gas flows to the seven big U.S. LNG export plants rose to an average of 14.4 bcfd so far in December, up from a record 14.3 bcfd in November.
Week ended Dec 1 Actual
Week ended Nov 24 Actual
Year ago Dec 1
Five-year average
Dec 1
U.S. weekly natgas storage change (bcf):
-117
+10
-30
-48
U.S. total natgas in storage (bcf):
3,719
3,836
3,465
3,485
U.S. total storage versus 5-year average
6.7%
8.6%
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
2.50
2.57
5.77
6.54
2.89
Title Transfer Facility (TTF) TRNLTTFMc1
12.58
12.38
36.68
40.50
7.49
Japan Korea Marker (JKM) JKMc1
16.01
16.06
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
338
348
362
367
395
U.S. GFS CDDs
2
2
11
6
4
U.S. GFS TDDs
340
350
373
373
399
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
109.0
107.3
107.4
102.7
94.2
U.S. Imports from Canada8
8.6
8.7
8.8
9.1
9.1
U.S. LNG Imports
0.0
0.0
0.0
0.0
0.2
Total U.S. Supply
117.5
116.1
116.2
111.8
103.5
U.S. Demand (bcfd)
U.S. Exports to Canada
2.5
3.3
3.3
3.3
3.2
U.S. Exports to Mexico
4.8
3.9
5.2
5.6
5.0
U.S. LNG Exports
14.1
14.5
14.4
11.7
8.6
U.S. Commercial
15.5
13.2
14.2
13.5
14.6
U.S. Residential
25.5
21.0
23.2
21.8
24.7
U.S. Power Plant
33.8
33.3
33.2
30.9
28.6
U.S. Industrial
25.3
24.3
24.7
24.1
25.0
U.S. Plant Fuel
5.4
5.3
5.3
5.4
5.3
U.S. Pipe Distribution
2.9
2.7
2.8
2.9
2.9
U.S. Vehicle Fuel
0.1
0.1
0.1
0.1
0.1
Total U.S. Consumption
108.6
99.9
103.5
98.7
101.2
Total U.S. Demand
130.0
121.5
126.4
119.3
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
86
88
83
107
81
Jan-Jul
84
86
77
102
79
Oct-Sep
85
86
76
103
81
U.S. weekly power generation percent by fuel - EIA
Week ended Dec 8
Week ended Dec 1
Week ended Nov 24
Week ended Nov 17
Week ended Nov 10
Wind
10
10
11
9
11
Solar
3
3
3
3
4
Hydro
5
6
6
6
5
Other
2
2
2
2
2
Petroleum
Natural Gas
42
42
39
42
41
Coal
18
17
16
17
16
Nuclear
22
20
22
21
20
SNL U.S. Natural Gas Next-Day Prices ($ per mmBtu)
Hub
Current Day
Prior Day
Henry Hub NG-W-HH-SNL
2.76
2.72
Transco Z6 New York NG-CG-NY-SNL
2.73
2.66
PG&E Citygate NG-CG-PGE-SNL
4.89
4.95
Eastern Gas (old Dominion South) NG-PCN-APP-SNL
2.09
2.31
Chicago Citygate NG-CG-CH-SNL
2.33
2.50
Algonquin Citygate NG-CG-BS-SNL
9.90
13.04
SoCal Citygate NG-SCL-CGT-SNL
4.30
4.65
Waha Hub NG-WAH-WTX-SNL
1.01
2.03
AECO NG-ASH-ALB-SNL
1.56
1.56
SNL U.S. Power Next-Day Prices ($ per megawatt-hour)
Hub
Current Day
Prior Day
New England EL-PK-NPMS-SNL
102.50
117.25
PJM West EL-PK-PJMW-SNL
41.75
47.75
Ercot North EL-PK-ERTN-SNL
19.25
24.75
Mid C EL-PK-MIDC-SNL
61.00
69.60
Palo Verde EL-PK-PLVD-SNL
25.00
45.25
SP-15 EL-PK-SP15-SNL
34.50
42.00
(Reporting by Scott DiSavino; Editing by David Gregorio)
((scott.disavino@thomsonreuters.com; +1 332 219 1922; Reuters Messaging: scott.disavino.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Front-month gas futures NGc1 for January delivery on the New York Mercantile Exchange fell 4.4 cents, or 1.7%, to $2.525 per million British thermal units (mmBtu) at 11:04 a.m. EST (1604 GMT). One of the biggest signs the market has given up on winter price spikes was the collapse of the premium of futures for March over April NGH24-J24 to a record low of just one cent per mmBtu. Consumption 108.6 99.9 103.5 98.7 101.2 Total U.S. Demand 130.0 121.5 126.4 119.3 118.0 U.S. Northwest River Forecast Center (NWRFC) at The Dalles Dam Current Day % of Normal Forecast Prior Day % of Normal Forecast 2023 % of Normal Actual 2022 % of Normal Actual 2021 % of Normal Actual Apr-Sep 86 88 83 107 81 Jan-Jul 84 86 77 102 79 Oct-Sep 85 86 76 103 81 U.S. weekly power generation percent by fuel - EIA Week ended Dec 8 Week ended Dec 1 Week ended Nov 24 Week ended Nov 17 Week ended Nov 10 Wind 10 10 11 9 11 Solar 3 3 3 3 4 Hydro 5 6 6 6 5 Other 2 2 2 2 2 Petroleum Natural Gas 42 42 39 42 41 Coal 18 17 16 17 16 Nuclear 22 20 22 21 20 SNL U.S. Natural Gas Next-Day Prices ($ per mmBtu) Hub Current Day Prior Day Henry Hub NG-W-HH-SNL 2.76 2.72 Transco Z6 New York NG-CG-NY-SNL 2.73 2.66 PG&E Citygate NG-CG-PGE-SNL 4.89 4.95 Eastern Gas (old Dominion South) NG-PCN-APP-SNL 2.09 2.31 Chicago Citygate NG-CG-CH-SNL 2.33 2.50 Algonquin Citygate NG-CG-BS-SNL 9.90 13.04 SoCal Citygate NG-SCL-CGT-SNL 4.30 4.65 Waha Hub NG-WAH-WTX-SNL 1.01 2.03
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By Scott DiSavino Dec 7 (Reuters) - U.S. natural gas futures slid about 2% to a three-month low on Thursday on forecasts for milder weather and lower heating demand as investors worried liquefied natural gas (LNG) exports would not grow much in 2024. Week ended Dec 1 Actual Week ended Nov 24 Actual Year ago Dec 1 Five-year average Dec 1 U.S. weekly natgas storage change (bcf): -117 +10 -30 -48 U.S. total natgas in storage (bcf): 3,719 3,836 3,465 3,485 U.S. total storage versus 5-year average 6.7% 8.6% 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 2.50 2.57 5.77 6.54 2.89 Title Transfer Facility (TTF) TRNLTTFMc1 12.58 12.38 36.68 40.50 7.49 Japan Korea Marker (JKM) JKMc1 16.01 16.06 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 338 348 362 367 395 U.S. GFS CDDs 2 2 11 6 4 U.S. GFS TDDs 340 350 373 373 399 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 109.0 107.3 107.4 102.7 94.2 U.S. Imports from Canada8 8.6 8.7 8.8 9.1 9.1 U.S. LNG Imports 0.0 0.0 0.0 0.0 0.2 Total U.S. Supply 117.5 116.1 116.2 111.8 103.5 U.S. Demand (bcfd) U.S. Exports to Canada 2.5 3.3 3.3 3.3 3.2 U.S. Exports to Mexico 4.8 3.9 5.2 5.6 5.0 U.S. LNG Exports 14.1 14.5 14.4 11.7 8.6 U.S. Commercial 15.5 13.2 14.2 13.5 14.6 U.S. Consumption 108.6 99.9 103.5 98.7 101.2 Total U.S. Demand 130.0 121.5 126.4 119.3 118.0 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 86 88 83 107 81 Jan-Jul 84 86 77 102 79 Oct-Sep 85 86 76 103 81 U.S. weekly power generation percent by fuel - EIA Week ended Dec 8 Week ended Dec 1 Week ended Nov 24 Week ended Nov 17 Week ended Nov 10 Wind 10 10 11 9 11 Solar 3 3 3 3 4 Hydro 5 6 6 6 5 Other 2 2 2 2 2 Petroleum Natural Gas 42 42 39 42 41 Coal 18 17 16 17 16 Nuclear 22 20 22 21 20 SNL U.S. Natural Gas Next-Day Prices ($ per mmBtu) Hub Current Day Prior Day Henry Hub NG-W-HH-SNL 2.76 2.72 Transco Z6 New York NG-CG-NY-SNL 2.73 2.66 PG&E Citygate NG-CG-PGE-SNL 4.89 4.95 Eastern Gas (old Dominion South) NG-PCN-APP-SNL 2.09 2.31 Chicago Citygate NG-CG-CH-SNL 2.33 2.50 Algonquin Citygate NG-CG-BS-SNL 9.90 13.04 SoCal Citygate NG-SCL-CGT-SNL 4.30 4.65 Waha Hub NG-WAH-WTX-SNL 1.01 2.03
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With seasonally colder weather coming, LSEG forecast U.S. gas demand in the Lower 48, including exports, would rise from 121.5 bcfd this week to 126.4 bcfd next week. Week ended Dec 1 Actual Week ended Nov 24 Actual Year ago Dec 1 Five-year average Dec 1 U.S. weekly natgas storage change (bcf): -117 +10 -30 -48 U.S. total natgas in storage (bcf): 3,719 3,836 3,465 3,485 U.S. total storage versus 5-year average 6.7% 8.6% 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 2.50 2.57 5.77 6.54 2.89 Title Transfer Facility (TTF) TRNLTTFMc1 12.58 12.38 36.68 40.50 7.49 Japan Korea Marker (JKM) JKMc1 16.01 16.06 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 338 348 362 367 395 U.S. GFS CDDs 2 2 11 6 4 U.S. GFS TDDs 340 350 373 373 399 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 109.0 107.3 107.4 102.7 94.2 U.S. Imports from Canada8 8.6 8.7 8.8 9.1 9.1 U.S. LNG Imports 0.0 0.0 0.0 0.0 0.2 Total U.S. Supply 117.5 116.1 116.2 111.8 103.5 U.S. Demand (bcfd) U.S. Exports to Canada 2.5 3.3 3.3 3.3 3.2 U.S. Exports to Mexico 4.8 3.9 5.2 5.6 5.0 U.S. LNG Exports 14.1 14.5 14.4 11.7 8.6 U.S. Commercial 15.5 13.2 14.2 13.5 14.6 U.S. Consumption 108.6 99.9 103.5 98.7 101.2 Total U.S. Demand 130.0 121.5 126.4 119.3 118.0 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 86 88 83 107 81 Jan-Jul 84 86 77 102 79 Oct-Sep 85 86 76 103 81 U.S. weekly power generation percent by fuel - EIA Week ended Dec 8 Week ended Dec 1 Week ended Nov 24 Week ended Nov 17 Week ended Nov 10 Wind 10 10 11 9 11 Solar 3 3 3 3 4 Hydro 5 6 6 6 5 Other 2 2 2 2 2 Petroleum Natural Gas 42 42 39 42 41 Coal 18 17 16 17 16 Nuclear 22 20 22 21 20 SNL U.S. Natural Gas Next-Day Prices ($ per mmBtu) Hub Current Day Prior Day Henry Hub NG-W-HH-SNL 2.76 2.72 Transco Z6 New York NG-CG-NY-SNL 2.73 2.66 PG&E Citygate NG-CG-PGE-SNL 4.89 4.95 Eastern Gas (old Dominion South) NG-PCN-APP-SNL 2.09 2.31 Chicago Citygate NG-CG-CH-SNL 2.33 2.50 Algonquin Citygate NG-CG-BS-SNL 9.90 13.04 SoCal Citygate NG-SCL-CGT-SNL 4.30 4.65 Waha Hub NG-WAH-WTX-SNL 1.01 2.03
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By Scott DiSavino Dec 7 (Reuters) - U.S. natural gas futures slid about 2% to a three-month low on Thursday on forecasts for milder weather and lower heating demand as investors worried liquefied natural gas (LNG) exports would not grow much in 2024. With seasonally colder weather coming, LSEG forecast U.S. gas demand in the Lower 48, including exports, would rise from 121.5 bcfd this week to 126.4 bcfd next week. Week ended Dec 1 Actual Week ended Nov 24 Actual Year ago Dec 1 Five-year average Dec 1 U.S. weekly natgas storage change (bcf): -117 +10 -30 -48 U.S. total natgas in storage (bcf): 3,719 3,836 3,465 3,485 U.S. total storage versus 5-year average 6.7% 8.6% 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 2.50 2.57 5.77 6.54 2.89 Title Transfer Facility (TTF) TRNLTTFMc1 12.58 12.38 36.68 40.50 7.49 Japan Korea Marker (JKM) JKMc1 16.01 16.06 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 338 348 362 367 395 U.S. GFS CDDs 2 2 11 6 4 U.S. GFS TDDs 340 350 373 373 399 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 109.0 107.3 107.4 102.7 94.2 U.S. Imports from Canada8 8.6 8.7 8.8 9.1 9.1 U.S. LNG Imports 0.0 0.0 0.0 0.0 0.2 Total U.S. Supply 117.5 116.1 116.2 111.8 103.5 U.S. Demand (bcfd) U.S. Exports to Canada 2.5 3.3 3.3 3.3 3.2 U.S. Exports to Mexico 4.8 3.9 5.2 5.6 5.0 U.S. LNG Exports 14.1 14.5 14.4 11.7 8.6 U.S. Commercial 15.5 13.2 14.2 13.5 14.6 U.S.
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38df6f54-44ae-47d9-b45a-f1066f4baaae
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714002.0
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2023-12-07 00:00:00 UTC
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Noteworthy ETF Outflows: VDC, MO, MNST, ADM
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DCOMP
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https://www.nasdaq.com/articles/noteworthy-etf-outflows%3A-vdc-mo-mnst-adm
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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 Vanguard Consumer Staples ETF (Symbol: VDC) where we have detected an approximate $87.6 million dollar outflow -- that's a 1.4% decrease week over week (from 34,243,010 to 33,773,010). Among the largest underlying components of VDC, in trading today Altria Group Inc (Symbol: MO) is up about 0.6%, Monster Beverage Corp (Symbol: MNST) is trading flat, and Archer Daniels Midland Co. (Symbol: ADM) is up by about 1.1%. For a complete list of holdings, visit the VDC Holdings page » The chart below shows the one year price performance of VDC, versus its 200 day moving average:
Looking at the chart above, VDC's low point in its 52 week range is $172.75 per share, with $201.65 as the 52 week high point — that compares with a last trade of $186.92. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
Also see:
Institutional Holders of BITW
TGNA Videos
NBEV Videos
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs. Click here to find out which 9 other ETFs experienced notable outflows » Also see: Institutional Holders of BITW TGNA Videos NBEV Videos The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For a complete list of holdings, visit the VDC Holdings page » The chart below shows the one year price performance of VDC, versus its 200 day moving average: Looking at the chart above, VDC's low point in its 52 week range is $172.75 per share, with $201.65 as the 52 week high point — that compares with a last trade of $186.92. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Click here to find out which 9 other ETFs experienced notable outflows » Also see: Institutional Holders of BITW TGNA Videos NBEV Videos The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard Consumer Staples ETF (Symbol: VDC) where we have detected an approximate $87.6 million dollar outflow -- that's a 1.4% decrease week over week (from 34,243,010 to 33,773,010). For a complete list of holdings, visit the VDC Holdings page » The chart below shows the one year price performance of VDC, versus its 200 day moving average: Looking at the chart above, VDC's low point in its 52 week range is $172.75 per share, with $201.65 as the 52 week high point — that compares with a last trade of $186.92. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard Consumer Staples ETF (Symbol: VDC) where we have detected an approximate $87.6 million dollar outflow -- that's a 1.4% decrease week over week (from 34,243,010 to 33,773,010). For a complete list of holdings, visit the VDC Holdings page » The chart below shows the one year price performance of VDC, versus its 200 day moving average: Looking at the chart above, VDC's low point in its 52 week range is $172.75 per share, with $201.65 as the 52 week high point — that compares with a last trade of $186.92. Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.
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64668db2-0659-4882-988a-dea42810e736
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714003.0
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2023-12-07 00:00:00 UTC
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VFH, BLK, SCHW, CME: Large Inflows Detected at ETF
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DCOMP
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https://www.nasdaq.com/articles/vfh-blk-schw-cme%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 Vanguard Financials ETF (Symbol: VFH) where we have detected an approximate $512.7 million dollar inflow -- that's a 6.3% increase week over week in outstanding units (from 92,940,301 to 98,819,465). Among the largest underlying components of VFH, in trading today Blackrock Inc (Symbol: BLK) is up about 0.6%, The Charles Schwab Corporation (Symbol: SCHW) is up about 1%, and CME Group (Symbol: CME) is lower by about 0.5%. For a complete list of holdings, visit the VFH Holdings page » The chart below shows the one year price performance of VFH, versus its 200 day moving average:
Looking at the chart above, VFH's low point in its 52 week range is $73.25 per share, with $90.87 as the 52 week high point — that compares with a last trade of $87.59. 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:
Dow Average Annual Return
GHLD Stock Predictions
TRS market cap history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs. Click here to find out which 9 other ETFs had notable inflows » Also see: Dow Average Annual Return GHLD Stock Predictions TRS market cap history The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of VFH, in trading today Blackrock Inc (Symbol: BLK) is up about 0.6%, The Charles Schwab Corporation (Symbol: SCHW) is up about 1%, and CME Group (Symbol: CME) is lower by about 0.5%. For a complete list of holdings, visit the VFH Holdings page » The chart below shows the one year price performance of VFH, versus its 200 day moving average: Looking at the chart above, VFH's low point in its 52 week range is $73.25 per share, with $90.87 as the 52 week high point — that compares with a last trade of $87.59. 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 ».
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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 Vanguard Financials ETF (Symbol: VFH) where we have detected an approximate $512.7 million dollar inflow -- that's a 6.3% increase week over week in outstanding units (from 92,940,301 to 98,819,465). For a complete list of holdings, visit the VFH Holdings page » The chart below shows the one year price performance of VFH, versus its 200 day moving average: Looking at the chart above, VFH's low point in its 52 week range is $73.25 per share, with $90.87 as the 52 week high point — that compares with a last trade of $87.59. 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 Vanguard Financials ETF (Symbol: VFH) where we have detected an approximate $512.7 million dollar inflow -- that's a 6.3% increase week over week in outstanding units (from 92,940,301 to 98,819,465). For a complete list of holdings, visit the VFH Holdings page » The chart below shows the one year price performance of VFH, versus its 200 day moving average: Looking at the chart above, VFH's low point in its 52 week range is $73.25 per share, with $90.87 as the 52 week high point — that compares with a last trade of $87.59. 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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8bcfee91-8b75-4367-8e20-45a8d8586bce
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714004.0
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2023-12-07 00:00:00 UTC
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RSP, ALL, EXPE, FICO: Large Inflows Detected at ETF
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DCOMP
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https://www.nasdaq.com/articles/rsp-all-expe-fico%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 Invesco S&P 500— Equal Weight ETF (Symbol: RSP) where we have detected an approximate $1.2 billion dollar inflow -- that's a 2.8% increase week over week in outstanding units (from 284,590,000 to 292,620,000). Among the largest underlying components of RSP, in trading today Allstate Corp (Symbol: ALL) is up about 0.3%, Expedia Group Inc (Symbol: EXPE) is up about 3%, and Fair Isaac Corp (Symbol: FICO) is higher by about 0.1%. For a complete list of holdings, visit the RSP Holdings page » The chart below shows the one year price performance of RSP, versus its 200 day moving average:
Looking at the chart above, RSP's low point in its 52 week range is $133.34 per share, with $155.77 as the 52 week high point — that compares with a last trade of $150.15. 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:
John Paulson Stock Picks
AWSM market cap history
Funds Holding MTA
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs. Click here to find out which 9 other ETFs had notable inflows » Also see: John Paulson Stock Picks AWSM market cap history Funds Holding MTA The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of RSP, in trading today Allstate Corp (Symbol: ALL) is up about 0.3%, Expedia Group Inc (Symbol: EXPE) is up about 3%, and Fair Isaac Corp (Symbol: FICO) is higher by about 0.1%. For a complete list of holdings, visit the RSP Holdings page » The chart below shows the one year price performance of RSP, versus its 200 day moving average: Looking at the chart above, RSP's low point in its 52 week range is $133.34 per share, with $155.77 as the 52 week high point — that compares with a last trade of $150.15. Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco S&P 500— Equal Weight ETF (Symbol: RSP) where we have detected an approximate $1.2 billion dollar inflow -- that's a 2.8% increase week over week in outstanding units (from 284,590,000 to 292,620,000). For a complete list of holdings, visit the RSP Holdings page » The chart below shows the one year price performance of RSP, versus its 200 day moving average: Looking at the chart above, RSP's low point in its 52 week range is $133.34 per share, with $155.77 as the 52 week high point — that compares with a last trade of $150.15. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco S&P 500— Equal Weight ETF (Symbol: RSP) where we have detected an approximate $1.2 billion dollar inflow -- that's a 2.8% increase week over week in outstanding units (from 284,590,000 to 292,620,000). For a complete list of holdings, visit the RSP Holdings page » The chart below shows the one year price performance of RSP, versus its 200 day moving average: Looking at the chart above, RSP's low point in its 52 week range is $133.34 per share, with $155.77 as the 52 week high point — that compares with a last trade of $150.15. Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.
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6a720793-aa1d-41b2-95ec-059b3638d087
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714005.0
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2023-12-07 00:00:00 UTC
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MGK, DIS, SPGI, SBUX: ETF Inflow Alert
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DCOMP
|
https://www.nasdaq.com/articles/mgk-dis-spgi-sbux%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 Vanguard Mega Cap Growth ETF (Symbol: MGK) where we have detected an approximate $515.8 million dollar inflow -- that's a 3.4% increase week over week in outstanding units (from 60,914,192 to 62,989,192). Among the largest underlying components of MGK, in trading today Walt Disney Co. (Symbol: DIS) is up about 1.8%, Standard and Poors Global Inc (Symbol: SPGI) is up about 0.1%, and Starbucks Corp. (Symbol: SBUX) is higher by about 0.2%. For a complete list of holdings, visit the MGK Holdings page » The chart below shows the one year price performance of MGK, versus its 200 day moving average:
Looking at the chart above, MGK's low point in its 52 week range is $167.66 per share, with $253.32 as the 52 week high point — that compares with a last trade of $251.42. 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:
Institutional Holders of Dollar Tree
Funds Holding BSCO
TWST Historical Earnings
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs. Click here to find out which 9 other ETFs had notable inflows » Also see: Institutional Holders of Dollar Tree Funds Holding BSCO TWST Historical Earnings The views and 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 MGK, in trading today Walt Disney Co. (Symbol: DIS) is up about 1.8%, Standard and Poors Global Inc (Symbol: SPGI) is up about 0.1%, and Starbucks Corp. (Symbol: SBUX) is higher by about 0.2%. For a complete list of holdings, visit the MGK Holdings page » The chart below shows the one year price performance of MGK, versus its 200 day moving average: Looking at the chart above, MGK's low point in its 52 week range is $167.66 per share, with $253.32 as the 52 week high point — that compares with a last trade of $251.42. 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 Vanguard Mega Cap Growth ETF (Symbol: MGK) where we have detected an approximate $515.8 million dollar inflow -- that's a 3.4% increase week over week in outstanding units (from 60,914,192 to 62,989,192). For a complete list of holdings, visit the MGK Holdings page » The chart below shows the one year price performance of MGK, versus its 200 day moving average: Looking at the chart above, MGK's low point in its 52 week range is $167.66 per share, with $253.32 as the 52 week high point — that compares with a last trade of $251.42. 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 Vanguard Mega Cap Growth ETF (Symbol: MGK) where we have detected an approximate $515.8 million dollar inflow -- that's a 3.4% increase week over week in outstanding units (from 60,914,192 to 62,989,192). Among the largest underlying components of MGK, in trading today Walt Disney Co. (Symbol: DIS) is up about 1.8%, Standard and Poors Global Inc (Symbol: SPGI) is up about 0.1%, and Starbucks Corp. (Symbol: SBUX) is higher by about 0.2%. 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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a02ca4c3-3840-4b9f-8cb5-23934270dd04
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714006.0
|
2023-12-07 00:00:00 UTC
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Foot Locker (FL) Gains From Digital Business Strength Amid Risks
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DCOMP
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https://www.nasdaq.com/articles/foot-locker-fl-gains-from-digital-business-strength-amid-risks
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nan
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nan
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Foot Locker, Inc. FL has been effectively managing inventory, improving supply chain efficiencies and reorganizing its corporate structure. The company remains focused on boosting customer experience, investing in long-term growth and driving productivity. In this regard, management is accelerating efforts, including greater diversification of merchandise and vendor mix, the rollout of the important growth banners and the advancement of omni-channel endeavors.
The company’s digital business has been performing well. It has been investing significantly to reinforce its digital presence and augment its direct-to-consumer operations. During the third quarter of fiscal 2023, the company’s digital sales penetration rate was 17%, up 150 basis points (bps) year over year, excluding East Bay, which closed last year.
FL has been enhancing its buy online and pickup in-store capabilities, as well as elevating its mobile app experience. It has been expanding its footprint at WSS, the company’s off-mall banner. For WSS, the company targets opening around 26 new stores in fiscal 2023.
The company is progressing well with the FLX membership program, which helps it serve customers efficiently. Its cost management actions are likely to have aided its margins amid the inflationary pressure. FL’s cost optimization program generated total savings of about $30 million in the third quarter.
Image Source: Zacks Investment Research
In the past three months, shares of this Zacks Rank #3 (Hold) company have increased 55.8% compared with the industry’s 11.1% growth.
However, Foot Locker continues to operate in a highly dynamic retail landscape. It witnessed softer-than-expected sales in the first nine months of the current fiscal year. Amid the uncertain demand environment and ongoing sales dynamics, the company expects sales to decline 8-8.5% in fiscal 2023 on a year-over-year basis. For fourth-quarter fiscal 2023, it anticipates sales to decline 2-4% and comparable sales to fall 7-9% year over year.
The company has been struggling with soft margins for a while now. In the third-quarter fiscal 2023, Foot Locker's gross margin rate dropped 470 bps from the prior-year quarter’s figure. Higher markdowns, occupancy deleverage and increased shrinkage caused a margin decline. For fiscal 2023, Foot Locker expects the gross margin to be in the range of 27.8-27.9%.
3 Red-Hot Stocks
Some better-ranked stocks are MINISO Group Holding Limited MNSO, Deckers Outdoor Corporation DECK and MarineMax HZO. While MINISO Group sports a Zacks Rank #1 (Strong Buy), Deckers Outdoor and MarineMax, each carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
MINISO Group operates as a retailer and wholesaler of lifestyle products. The Zacks Consensus Estimate for MNSO’s current financial-year earnings per share and sales suggests growth of 43.6% and 29.9%, respectively, from the corresponding year-ago reported figures.
Deckers Outdoor is a leading producer and brand manager of innovative, niche footwear and accessories. The Zacks Consensus Estimate for Deckers’ current fiscal-year earnings and sales indicates growth of 20.9% and 11.4%, respectively, from the previous year’s reported figures. DECK has a trailing four-quarter earnings surprise of 26.3% on average.
MarineMax is a recreational boat and yacht retailer and a superyacht services company. MarineMax’s earnings came in line with the Zacks Consensus Estimate in the last reported quarter. The Zacks Consensus Estimate for HZO’s current financial year sales suggests growth of 3.1% from the year-ago period’s figures.
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Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Foot Locker, Inc. (FL) : Free Stock Analysis Report
MarineMax, Inc. (HZO) : Free Stock Analysis Report
MINISO Group Holding Limited Unsponsored ADR (MNSO) : 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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Foot Locker, Inc. FL has been effectively managing inventory, improving supply chain efficiencies and reorganizing its corporate structure. In this regard, management is accelerating efforts, including greater diversification of merchandise and vendor mix, the rollout of the important growth banners and the advancement of omni-channel endeavors. The Zacks Consensus Estimate for MNSO’s current financial-year earnings per share and sales suggests growth of 43.6% and 29.9%, respectively, from the corresponding year-ago reported figures.
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3 Red-Hot Stocks Some better-ranked stocks are MINISO Group Holding Limited MNSO, Deckers Outdoor Corporation DECK and MarineMax HZO. While MINISO Group sports a Zacks Rank #1 (Strong Buy), Deckers Outdoor and MarineMax, each carry a Zacks Rank #2 (Buy). Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Foot Locker, Inc. (FL) : Free Stock Analysis Report MarineMax, Inc. (HZO) : Free Stock Analysis Report MINISO Group Holding Limited Unsponsored ADR (MNSO) : Free Stock Analysis Report To read this article on Zacks.com click here.
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During the third quarter of fiscal 2023, the company’s digital sales penetration rate was 17%, up 150 basis points (bps) year over year, excluding East Bay, which closed last year. The Zacks Consensus Estimate for Deckers’ current fiscal-year earnings and sales indicates growth of 20.9% and 11.4%, respectively, from the previous year’s reported figures. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Foot Locker, Inc. (FL) : Free Stock Analysis Report MarineMax, Inc. (HZO) : Free Stock Analysis Report MINISO Group Holding Limited Unsponsored ADR (MNSO) : Free Stock Analysis Report To read this article on Zacks.com click here.
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During the third quarter of fiscal 2023, the company’s digital sales penetration rate was 17%, up 150 basis points (bps) year over year, excluding East Bay, which closed last year. 3 Red-Hot Stocks Some better-ranked stocks are MINISO Group Holding Limited MNSO, Deckers Outdoor Corporation DECK and MarineMax HZO. While MINISO Group sports a Zacks Rank #1 (Strong Buy), Deckers Outdoor and MarineMax, each carry a Zacks Rank #2 (Buy).
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0cfe3d2d-a8e2-4940-8052-e768e2cfe194
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714007.0
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2023-12-07 00:00:00 UTC
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Thursday 12/7 Insider Buying Report: BANC, MTDR
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DCOMP
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https://www.nasdaq.com/articles/thursday-12-7-insider-buying-report%3A-banc-mtdr
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nan
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nan
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As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys.
On Tuesday, Banc Of California's , Joseph J. Rice, made a $126,588 purchase of BANC, buying 10,000 shares at a cost of $12.66 a piece. Bargain hunters have the opportunity to bag BANC at a price even lower than Rice did, with the stock trading as low as $12.12 at last check today -- that's 4.2% under Rice's purchase price. Banc Of California is trading up about 1.1% on the day Thursday. Before this latest buy, Rice made one other buy in the past year, purchasing $84,375 shares at a cost of $11.25 a piece.
And on Wednesday, CEO Joseph Wm Foran purchased $108,600 worth of Matador Resources, purchasing 2,000 shares at a cost of $54.30 each. Before this latest buy, Foran purchased MTDR at 5 other times during the past twelve months, for a total cost of $411,589 at an average of $47.57 per share. Matador Resources is trading up about 0.8% on the day Thursday.
VIDEO: Thursday 12/7 Insider Buying Report: BANC, MTDR
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Rice, made a $126,588 purchase of BANC, buying 10,000 shares at a cost of $12.66 a piece. Bargain hunters have the opportunity to bag BANC at a price even lower than Rice did, with the stock trading as low as $12.12 at last check today -- that's 4.2% under Rice's purchase price. Before this latest buy, Foran purchased MTDR at 5 other times during the past twelve months, for a total cost of $411,589 at an average of $47.57 per share.
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Before this latest buy, Rice made one other buy in the past year, purchasing $84,375 shares at a cost of $11.25 a piece. And on Wednesday, CEO Joseph Wm Foran purchased $108,600 worth of Matador Resources, purchasing 2,000 shares at a cost of $54.30 each. Before this latest buy, Foran purchased MTDR at 5 other times during the past twelve months, for a total cost of $411,589 at an average of $47.57 per share.
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Rice, made a $126,588 purchase of BANC, buying 10,000 shares at a cost of $12.66 a piece. Before this latest buy, Rice made one other buy in the past year, purchasing $84,375 shares at a cost of $11.25 a piece. VIDEO: Thursday 12/7 Insider Buying Report: BANC, MTDR The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Rice, made a $126,588 purchase of BANC, buying 10,000 shares at a cost of $12.66 a piece. Before this latest buy, Rice made one other buy in the past year, purchasing $84,375 shares at a cost of $11.25 a piece. And on Wednesday, CEO Joseph Wm Foran purchased $108,600 worth of Matador Resources, purchasing 2,000 shares at a cost of $54.30 each.
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20078651-f10d-4d83-b2a5-bc1cc14afdda
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714008.0
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2023-12-07 00:00:00 UTC
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Market Awaits Tomorrow's Employment Report
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DCOMP
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https://www.nasdaq.com/articles/market-awaits-tomorrows-employment-report
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nan
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nan
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Jobs Week continues this Thursday morning, following a relatively subdued JOLTS report Tuesday and a slimmer-than-expected ADP ADP private-sector payrolls tally yesterday. Today it’s Initial Jobless Claims and Continuing Claims, and we remain consistent on results that do not look to inflame market sensibilities.
Headline Initial Claims came in at 220K, just below the 222K analysts were expecting — and exactly in-line with the average headline over the past six weeks (the six weeks prior averaged 207K new claims per week). Cycle highs came in a few weeks back, at 233K, but even this is well below the mid-summer 260K+ weeks we were seeing for a minute there. We haven’t been below 200K in close to a year, but we’re hovering around a generally healthy level of new jobless claims.
Continuing Claims has drawn much more attention of late, after seeing last week’s headline spike up north of 1.9 million; today’s number is back down to 1.861 million — still higher than prints we’ve seen over the past year, but perhaps showing resistance at these higher levels following nearly two months of higher longer-term claims every week. In fact, today was only the second week in the past 11 that was lower than the previous week.
Of course, the big news this Jobs Week is yet to come: tomorrow morning’s Employment Situation report is expected to bring in 190K new jobs for November. This is relatively high considering the muted labor market figures we’re seeing elsewhere, but that’s not to say it’s not an accurate estimate. The Unemployment Rate is expected to remain steady at 3.9%, an historically healthy figure. Hourly Wages year over year are expected to tick down to 4.0% last month.
Should these estimates be on the money, they would further the Goldilocks picture labor news has been painting over this Jobs Week. That said, markets over the past month or so — until recently: both the Dow and S&P 500 are on 3-day losing streaks — seem to have priced this in, which keeps the “soft landing” narrative in place. But whether investors will have an appetite to bid markets higher from here remains an open question.
Pre-market futures have improved since the jobless claims releases: the Dow and S&P are both up +14 points at this hour, while the Nasdaq has climbed +109 points. Only the small-cap Russell 2000 is marginally lower at this hour; it is the only index of the four to be up +2% over the past week of trading. With three weeks left of trading in 2023, the Russell is +5.36%, the Dow +8.53%, the S&P +18.80% and the Nasdaq — off an atypically dismal 2022 — is +45.31%.
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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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Should these estimates be on the money, they would further the Goldilocks picture labor news has been painting over this Jobs Week. That said, markets over the past month or so — until recently: both the Dow and S&P 500 are on 3-day losing streaks — seem to have priced this in, which keeps the “soft landing” narrative in place. Only the small-cap Russell 2000 is marginally lower at this hour; it is the only index of the four to be up +2% over the past week of trading.
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Today it’s Initial Jobless Claims and Continuing Claims, and we remain consistent on results that do not look to inflame market sensibilities. Headline Initial Claims came in at 220K, just below the 222K analysts were expecting — and exactly in-line with the average headline over the past six weeks (the six weeks prior averaged 207K new claims per week). 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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Headline Initial Claims came in at 220K, just below the 222K analysts were expecting — and exactly in-line with the average headline over the past six weeks (the six weeks prior averaged 207K new claims per week). Continuing Claims has drawn much more attention of late, after seeing last week’s headline spike up north of 1.9 million; today’s number is back down to 1.861 million — still higher than prints we’ve seen over the past year, but perhaps showing resistance at these higher levels following nearly two months of higher longer-term claims every week. In fact, today was only the second week in the past 11 that was lower than the previous week.
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We haven’t been below 200K in close to a year, but we’re hovering around a generally healthy level of new jobless claims. Continuing Claims has drawn much more attention of late, after seeing last week’s headline spike up north of 1.9 million; today’s number is back down to 1.861 million — still higher than prints we’ve seen over the past year, but perhaps showing resistance at these higher levels following nearly two months of higher longer-term claims every week. See Stocks Now >> Want the latest recommendations from Zacks Investment Research?
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6424aaef-cfd3-4fbe-b30a-bd0e8116333f
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714009.0
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2023-12-07 00:00:00 UTC
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Nasdaq 100 Movers: MRNA, GOOG
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DCOMP
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https://www.nasdaq.com/articles/nasdaq-100-movers%3A-mrna-goog
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In early trading on Thursday, shares of Alphabet topped the list of the day's best performing components of the Nasdaq 100 index, trading up 5.5%. Year to date, Alphabet registers a 56.2% gain.
And the worst performing Nasdaq 100 component thus far on the day is Moderna, trading down 2.5%. Moderna is lower by about 56.2% looking at the year to date performance.
One other components making moves today are PDD Holdings trading down 1.9% on the day.
VIDEO: Nasdaq 100 Movers: MRNA, GOOG
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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And the worst performing Nasdaq 100 component thus far on the day is Moderna, trading down 2.5%. One other components making moves today are PDD Holdings trading down 1.9% on the day. VIDEO: Nasdaq 100 Movers: MRNA, GOOG The views and 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 early trading on Thursday, shares of Alphabet topped the list of the day's best performing components of the Nasdaq 100 index, trading up 5.5%. Year to date, Alphabet registers a 56.2% gain. And the worst performing Nasdaq 100 component thus far on the day is Moderna, trading down 2.5%.
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In early trading on Thursday, shares of Alphabet topped the list of the day's best performing components of the Nasdaq 100 index, trading up 5.5%. And the worst performing Nasdaq 100 component thus far on the day is Moderna, trading down 2.5%. VIDEO: Nasdaq 100 Movers: MRNA, GOOG The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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And the worst performing Nasdaq 100 component thus far on the day is Moderna, trading down 2.5%. Moderna is lower by about 56.2% looking at the year to date performance. VIDEO: Nasdaq 100 Movers: MRNA, GOOG The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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81d089c8-f948-461f-877e-1d497efb5c28
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714010.0
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2023-12-07 00:00:00 UTC
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Why C3.ai Stock Is Sinking Today
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DCOMP
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https://www.nasdaq.com/articles/why-c3.ai-stock-is-sinking-today
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nan
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Shares of C3.ai (NYSE: AI) were sinking 10.7% lower as of 10:51 a.m. ET on Thursday and fell as much as 13.9% earlier in the day. The sell-off came after the enterprise artificial intelligence (AI) application software company announced its fiscal 2024 second-quarter results following the market close on Wednesday.
C3.ai reported fiscal Q2 revenue of $73.2 million. While this figure reflected a year-over-year increase of 17%, it fell short of the consensus Wall Street revenue estimate of $74.3 million.
The company posted an adjusted net loss of $0.13 per share, compared to a loss of $0.11 per share in the prior-year period. Despite the deteriorating bottom line, C3.ai still managed to beat the average analysts' estimate of a loss of $0.18 per share.
What investors especially disliked about C3.ai's update
Mixed quarterly results aren't great, but they don't always cause a stock to decline as much as C3.ai is sinking. However, there's more to the story. Investors especially disliked the company's near-term financial outlook.
C3.ai said that it expects fiscal 2024 third-quarter revenue will be between $74 million and $78 million. The midpoint of that range is below the consensus estimate of $77.7 million. The AI software company also projected full-year revenue of between $295 million and $320 million. The midpoint of this range is only slightly below the average Wall Street estimate of $307.9 million.
Is C3.ai stock a buy on the pullback?
With today's decline, C3.ai stock has plunged more than 40% below its peak set in June. Is it a buy on the pullback? I don't think so.
Even with the lower price tag, C3.ai's shares still trade at a price-to-sales ratio of nearly 12. The company remains unprofitable. I wouldn't be surprised if C3.ai bounces back somewhat. However, my view is that there are much better AI stocks to buy that offer greater risk-reward propositions.
10 stocks we like better than C3.ai
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Keith Speights has no position in any of the stocks mentioned. The Motley Fool recommends C3.ai. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The sell-off came after the enterprise artificial intelligence (AI) application software company announced its fiscal 2024 second-quarter results following the market close on Wednesday. While this figure reflected a year-over-year increase of 17%, it fell short of the consensus Wall Street revenue estimate of $74.3 million. Despite the deteriorating bottom line, C3.ai still managed to beat the average analysts' estimate of a loss of $0.18 per share.
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While this figure reflected a year-over-year increase of 17%, it fell short of the consensus Wall Street revenue estimate of $74.3 million. The midpoint of this range is only slightly below the average Wall Street estimate of $307.9 million. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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What investors especially disliked about C3.ai's update Mixed quarterly results aren't great, but they don't always cause a stock to decline as much as C3.ai is sinking. The AI software company also projected full-year revenue of between $295 million and $320 million. See the 10 stocks *Stock Advisor returns as of December 4, 2023 Keith Speights has no position in any of the stocks mentioned.
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What investors especially disliked about C3.ai's update Mixed quarterly results aren't great, but they don't always cause a stock to decline as much as C3.ai is sinking. The AI software company also projected full-year revenue of between $295 million and $320 million. * They just revealed what they believe are the ten best stocks for investors to buy right now... and C3.ai wasn't one of them!
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6038996a-582f-4aaa-ae0e-bf9422371e83
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714011.0
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2023-12-07 00:00:00 UTC
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Everyone Is Talking About Tilray Brands Stock. Is It a Good Long-Term Option?
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DCOMP
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https://www.nasdaq.com/articles/everyone-is-talking-about-tilray-brands-stock.-is-it-a-good-long-term-option
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nan
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nan
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If it plays its cards right, Tilray Brands (NASDAQ: TLRY) could be a stellar long-term investment. Between its massive marijuana empire spanning five continents and a burgeoning craft beer operation in North America, the company is positioned to be a global leader in both emerging and established industries.
But as wise investors know, big plans do not necessarily make for big gains for shareholders, and the ongoing realignment of the cannabis industry makes buying shares right now into a bit of a risky endeavor. So is this stock a smart pick for long-term holding, or would it be better to wait for conditions to improve?
The long-term case for holding Tilray
In the long term, theglobal marketfor cannabis products will likely look quite similar to the beer or beverage alcohol industry. These businesses cultivate or buy raw materials where it's cheapest to do so, manufacture them according to consumer preferences, distribute the products to retailers, and market them to a crowd of both new and returning loyal customers.
Brands that cater the most effectively to people's tastes will slowly develop a competitive advantage in the form of customer retention, thereby enabling their market share to remain robust in the face of new entrants to the market, while also defending their profit margin from erosion.
Under the right conditions, it might even be possible for a company that sells beer to use a lot of the same distribution infrastructure to sell marijuana products too, juicing more revenue out of the same assets and experiencing higher margins than what would be probable with selling alcohol alone.
And that's exactly what Tilray is hoping to do with both cannabis and beer, though its efforts are still maturing and awkwardly split across a few geographies. Presently, it holds around 13% of the Canadian market for recreational-use marijuana products, but it doesn't yet compete in the U.S. cannabis market whatsoever.
Since its move in early October to acquire a handful of craft beer brands, it holds a 5% share of the U.S. craft beer market too, but it has no alcohol operations or distribution in Canada. In the E.U., it's the market leader in medicinal marijuana, but in countries like France, its footprint is tightly limited as a result of regulations.
In the future, there is a solid chance that Tilray's North American businesses will be able to fully unify across borders, as cannabis will probably eventually be legalized, and its alcohol brands will eventually need to seek new customers to continue to grow. If that happens, it could become one of the biggest booze companies in the world, and almost certainly the world's largest marijuana company.
Under such conditions, it might be able to find economies of scale in cultivation, manufacturing, and distribution, all of which would drive its margins upward. Building valuable brands with high levels of customer loyalty could seal the deal for it to be a stellar investment, at least for people buying its shares today. It might even be making enough free cash flow (FCF) to justify paying a dividend. And over the very long term, it could maybe even do the same in Europe or other global economic centers.
There are safer options for long-term holding
As sunny as this scenario sounds, the Tilray of today is a very long way from realizing its ambitions and becoming a stable alcohol and cannabis giant that returns lots of capital to investors.
Tilray isn't profitable, and its quarterly operating margin hasn't improved in the last three years. In its first fiscal quarter of 2024, it burned $20 million in cash. Efficiency in its cannabis segment remains subpar, with its quarterly gross margin on cannabis sitting at an unimpressive 35% in its fiscal Q1, down from 51% a year ago. And while its newly purchased craft beer brands like Shock Top have at least some accumulated brand value, it's a long way from being able to rest on its laurels when it comes to a base of recurring revenue derived from loyal customers.
In recent times, Tilray has also proven to be a very risky stock. In the last 12 months alone, its shares lost 51% of their value. That's a period where a major acquisition of beer brands was announced, nothing particularly good or bad happened operationally, and there weren't any major disruptions in its various markets.
All this is to say that the market does not like this stock today, and it might be some time before that changes, if it ever does. Most importantly, the company hasn't been making the operational efficiency improvements it needs to reach the sunny future state of flourishing.
So should you invest in Tilray today? Probably not, but it's worth keeping an eye on for a couple of years. If it can demonstrate that its grand ambition is more than a dream by growing while profitable, it'll go a long way toward being an evergreen pick.
10 stocks we like better than Tilray Brands
When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Tilray Brands wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of November 29, 2023
Alex Carchidi has no position in any of the stocks mentioned. The Motley Fool recommends Tilray Brands. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Between its massive marijuana empire spanning five continents and a burgeoning craft beer operation in North America, the company is positioned to be a global leader in both emerging and established industries. These businesses cultivate or buy raw materials where it's cheapest to do so, manufacture them according to consumer preferences, distribute the products to retailers, and market them to a crowd of both new and returning loyal customers. There are safer options for long-term holding As sunny as this scenario sounds, the Tilray of today is a very long way from realizing its ambitions and becoming a stable alcohol and cannabis giant that returns lots of capital to investors.
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But as wise investors know, big plans do not necessarily make for big gains for shareholders, and the ongoing realignment of the cannabis industry makes buying shares right now into a bit of a risky endeavor. Since its move in early October to acquire a handful of craft beer brands, it holds a 5% share of the U.S. craft beer market too, but it has no alcohol operations or distribution in Canada. Tilray isn't profitable, and its quarterly operating margin hasn't improved in the last three years.
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Brands that cater the most effectively to people's tastes will slowly develop a competitive advantage in the form of customer retention, thereby enabling their market share to remain robust in the face of new entrants to the market, while also defending their profit margin from erosion. Since its move in early October to acquire a handful of craft beer brands, it holds a 5% share of the U.S. craft beer market too, but it has no alcohol operations or distribution in Canada. 10 stocks we like better than Tilray Brands When our analyst team has a stock tip, it can pay to listen.
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Since its move in early October to acquire a handful of craft beer brands, it holds a 5% share of the U.S. craft beer market too, but it has no alcohol operations or distribution in Canada. Tilray isn't profitable, and its quarterly operating margin hasn't improved in the last three years. That's right -- they think these 10 stocks are even better buys.
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a0f2a2d0-776a-4290-8ba9-e3d8abc5cecd
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714012.0
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2023-12-07 00:00:00 UTC
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XLU, NEE, SO, DUK: Large Inflows Detected at ETF
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DCOMP
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https://www.nasdaq.com/articles/xlu-nee-so-duk%3A-large-inflows-detected-at-etf-0
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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 Utilities Select Sector SPDR Fund (Symbol: XLU) where we have detected an approximate $401.2 million dollar inflow -- that's a 2.9% increase week over week in outstanding units (from 215,220,000 to 221,520,000). Among the largest underlying components of XLU, in trading today NextEra Energy Inc (Symbol: NEE) is trading flat, Southern Company (Symbol: SO) is up about 0.2%, and Duke Energy Corp (Symbol: DUK) is up by about 0.5%. For a complete list of holdings, visit the XLU Holdings page » The chart below shows the one year price performance of XLU, versus its 200 day moving average:
Looking at the chart above, XLU's low point in its 52 week range is $54.77 per share, with $73.79 as the 52 week high point — that compares with a last trade of $63.79. 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:
SAH Dividend Growth Rate
XTGR Videos
Funds Holding LMNL
The views and 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 Utilities Select Sector SPDR Fund (Symbol: XLU) where we have detected an approximate $401.2 million dollar inflow -- that's a 2.9% increase week over week in outstanding units (from 215,220,000 to 221,520,000). 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: SAH Dividend Growth Rate XTGR Videos Funds Holding LMNL The views and 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 XLU, in trading today NextEra Energy Inc (Symbol: NEE) is trading flat, Southern Company (Symbol: SO) is up about 0.2%, and Duke Energy Corp (Symbol: DUK) is up by about 0.5%. For a complete list of holdings, visit the XLU Holdings page » The chart below shows the one year price performance of XLU, versus its 200 day moving average: Looking at the chart above, XLU's low point in its 52 week range is $54.77 per share, with $73.79 as the 52 week high point — that compares with a last trade of $63.79. 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 Utilities Select Sector SPDR Fund (Symbol: XLU) where we have detected an approximate $401.2 million dollar inflow -- that's a 2.9% increase week over week in outstanding units (from 215,220,000 to 221,520,000). For a complete list of holdings, visit the XLU Holdings page » The chart below shows the one year price performance of XLU, versus its 200 day moving average: Looking at the chart above, XLU's low point in its 52 week range is $54.77 per share, with $73.79 as the 52 week high point — that compares with a last trade of $63.79. 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 Utilities Select Sector SPDR Fund (Symbol: XLU) where we have detected an approximate $401.2 million dollar inflow -- that's a 2.9% increase week over week in outstanding units (from 215,220,000 to 221,520,000). For a complete list of holdings, visit the XLU Holdings page » The chart below shows the one year price performance of XLU, versus its 200 day moving average: Looking at the chart above, XLU's low point in its 52 week range is $54.77 per share, with $73.79 as the 52 week high point — that compares with a last trade of $63.79. Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.
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2ea40d61-cea6-4d23-a7d6-152325a2aadb
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714013.0
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2023-12-07 00:00:00 UTC
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This Overlooked Stock Is Up 392% Since 2018 and Has Plenty of Growth Left
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DCOMP
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https://www.nasdaq.com/articles/this-overlooked-stock-is-up-392-since-2018-and-has-plenty-of-growth-left
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nan
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Investing in the stock market is an excellent way to build long-term wealth. However, there's a misconception that investing in the next big thing is the only way to generate that wealth. Buy veteran investors know you can also dig a little deeper and find quality companies with smart business plans in places you may not expect to find them.
For instance, there is an insurance stock many may not know of that has returned 392% since it went public in 2018. This stellar stock performance rivals that of Apple while outpacing Amazon, Microsoft, and Alphabet over the same period. Best of all, this company has lots of room left for growth over the next decade and beyond.
Read on to learn more about the stock, its growth story, and whether it's suitable for your portfolio.
Image source: Getty Images.
Goosehead Insurance has delivered for customers and investors
As long-term investors, your job is to put your hard-earned cash to work in high-quality assets so that it can grow over time. One company that has delivered excellent long-term returns for investors is Goosehead Insurance (NASDAQ: GSHD). Since Goosehead went public in April 2018, the stock has crushed it. Its nearly 33% annualized returns since that time well outpace the S&P 500, which returned almost 12% annually in the same period.
GSHD Total Return Level data by YCharts
Goosehead founded on frustration over insurance agents
Founded in 2003, Goosehead is an insurance agency connecting individuals with insurance companies for things like life, property, and automotive insurance. The company doesn't write policies; instead, it connects prospective customers with companies that do, helping them find the right policies at the right price.
Robyn Jones, who grew frustrated with dealing with insurance agents as she looked to build her real estate company flipping houses, co-founded Goosehead with her husband and current CEO, Mark Jones. Robyn took a customer-focused approach to the business, and the business took off early on. The business was doing so well that Mark Jones, who had a lucrative job at management consulting firm Bain Capital, quit and joined the company in 2004.
Goosehead took its customer-centric approach to insurance sales and built it up into a sizable company over the next decade. Then, in 2012, it took another huge step forward when it introduced a franchise-based model that would allow insurance agents to leverage their expertise and platform to sell policies.
The secret sauce to Goosehead's success is its franchise-based model
Franchise-based business models have been around for a while and appeal to entrepreneurs because they can leverage a company's strong brand and knowledge base to grow quickly. Franchising has been a key pillar of Goosehead's long-term growth. In 2015, the company had 125 operating franchises. That figure has ballooned to over 1,413, with another 700 franchises in the pipeline.
Those franchises have been essential to Goosehead's growth over the years. In 2017, Goosehead wrote $342 million in premiums, with 58% coming from its franchise channel. Last year, it wrote $2.2 billion in premiums, with 75% of that coming from its franchisees.
Chart by author.
Goosehead's franchise-based business has helped it achieve solid growth and should contribute to accelerated growth going forward because of how its profit-sharing agreements are structured. When Goosehead brings on a new franchise, it earns initial franchise fees and royalty fees that equal 20% for new signups. As thriving franchises renew agreements, its share of royalties increases to 50%, giving Goosehead an excellent opportunity to achieve long-term growth from its top performers while expanding its margins.
Goosehead stock trades at a premium valuation and reflects strong growth prospects
Goosehead achieved impressive growth, and as a result, it comes with an expensive price tag. The stock currently trades at 6.9 times sales and 55 times forward earnings. However, the lofty valuation may be justified. As franchisees renew, Goosehead's income should continue to grow along with its margins.
Not only that, but Wall Street sees its stellar growth continuing over the coming years. Analysts on Wall Street project that Goosehead's revenue and net income will grow 65% and 242% over the next two years (through 2025), a growth rate that far outpaces competitors, and that is why the stock trades at such a premium.
Goosehead Insurance may not be an exciting company, but its stellar growth, solid investment returns, and future growth prospects make it an excellent stock worthy of a spot in your diversified portfolio.
10 stocks we like better than Goosehead Insurance
When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Goosehead Insurance wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of December 4, 2023
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Courtney Carlsen has positions in Alphabet, Apple, and Microsoft. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Goosehead Insurance, and Microsoft. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Then, in 2012, it took another huge step forward when it introduced a franchise-based model that would allow insurance agents to leverage their expertise and platform to sell policies. As thriving franchises renew agreements, its share of royalties increases to 50%, giving Goosehead an excellent opportunity to achieve long-term growth from its top performers while expanding its margins. Analysts on Wall Street project that Goosehead's revenue and net income will grow 65% and 242% over the next two years (through 2025), a growth rate that far outpaces competitors, and that is why the stock trades at such a premium.
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One company that has delivered excellent long-term returns for investors is Goosehead Insurance (NASDAQ: GSHD). GSHD Total Return Level data by YCharts Goosehead founded on frustration over insurance agents Founded in 2003, Goosehead is an insurance agency connecting individuals with insurance companies for things like life, property, and automotive insurance. Goosehead stock trades at a premium valuation and reflects strong growth prospects Goosehead achieved impressive growth, and as a result, it comes with an expensive price tag.
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GSHD Total Return Level data by YCharts Goosehead founded on frustration over insurance agents Founded in 2003, Goosehead is an insurance agency connecting individuals with insurance companies for things like life, property, and automotive insurance. Goosehead stock trades at a premium valuation and reflects strong growth prospects Goosehead achieved impressive growth, and as a result, it comes with an expensive price tag. Goosehead Insurance may not be an exciting company, but its stellar growth, solid investment returns, and future growth prospects make it an excellent stock worthy of a spot in your diversified portfolio.
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For instance, there is an insurance stock many may not know of that has returned 392% since it went public in 2018. One company that has delivered excellent long-term returns for investors is Goosehead Insurance (NASDAQ: GSHD). Those franchises have been essential to Goosehead's growth over the years.
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feb8e371-6787-45a6-bfbc-2cb3df46dff5
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714014.0
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2023-12-07 00:00:00 UTC
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Ross Stores (ROST) Reports Q3 Earnings: What Key Metrics Have to Say
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DCOMP
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https://www.nasdaq.com/articles/ross-stores-rost-reports-q3-earnings%3A-what-key-metrics-have-to-say
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For the quarter ended October 2023, Ross Stores (ROST) reported revenue of $4.92 billion, up 7.9% over the same period last year. EPS came in at $1.33, compared to $1.00 in the year-ago quarter.
The reported revenue represents a surprise of +1.80% over the Zacks Consensus Estimate of $4.84 billion. With the consensus EPS estimate being $1.22, the EPS surprise was +9.02%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Ross Stores performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Comparable store sales - YoY change: 5% compared to the 3.1% average estimate based on seven analysts.
Store count at end of period: 2,112 compared to the 2,106 average estimate based on five analysts.
Number of stores opened: 43 versus the three-analyst average estimate of 51.
View all Key Company Metrics for Ross Stores here>>>
Shares of Ross Stores have returned +7.9% over the past month versus the Zacks S&P 500 composite's +4.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Ross Stores, Inc. (ROST) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For the quarter ended October 2023, Ross Stores (ROST) reported revenue of $4.92 billion, up 7.9% over the same period last year. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. Shares of Ross Stores have returned +7.9% over the past month versus the Zacks S&P 500 composite's +4.4% change.
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For the quarter ended October 2023, Ross Stores (ROST) reported revenue of $4.92 billion, up 7.9% over the same period last year. Here is how Ross Stores performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Comparable store sales - YoY change: 5% compared to the 3.1% average estimate based on seven analysts. Click to get this free report Ross Stores, Inc. (ROST) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how Ross Stores performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Comparable store sales - YoY change: 5% compared to the 3.1% average estimate based on seven analysts. Click to get this free report Ross Stores, Inc. (ROST) : Free Stock Analysis Report To read this article on Zacks.com click here.
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For the quarter ended October 2023, Ross Stores (ROST) reported revenue of $4.92 billion, up 7.9% over the same period last year. Here is how Ross Stores performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Comparable store sales - YoY change: 5% compared to the 3.1% average estimate based on seven analysts. View all Key Company Metrics for Ross Stores here>>>
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0bd09cc7-b000-4b00-9fca-d3bb8e5da541
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714015.0
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2023-12-07 00:00:00 UTC
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Validea's Top Communication Services Stocks Based On Benjamin Graham - 12/7/2023
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DCOMP
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https://www.nasdaq.com/articles/valideas-top-communication-services-stocks-based-on-benjamin-graham-12-7-2023
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nan
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nan
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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.
WEIBO CORP (ADR) (WB) is a mid-cap value stock in the Advertising industry. The rating according to our strategy based on Benjamin Graham is 86% 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: Weibo Corp is a China-based company mainly engaged in social media advertising business. The Company operates two segments. Advertising and Marketing segment mainly provides a full range of advertising customization and marketing solutions. Value-added Services segment mainly provides services such as membership services on social platforms, online games, live broadcasts, social e-commerce and others. The Company's main product is the social platform Weibo.
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: PASS
PRICE/BOOK RATIO: PASS
Detailed Analysis of WEIBO CORP (ADR)
WB Guru Analysis
WB Fundamental Analysis
PARAMOUNT GLOBAL (PARA) is a large-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: Paramount Global is a global media, streaming and entertainment company that creates content for audiences worldwide. The Company's segments include TV Media, Direct-to-Consumer and Filmed Entertainment. The TV Media segment consists of its domestic and international broadcast networks and owned television stations; domestic and international extensions of its cable networks, and domestic and international television studio operations, and production and distribution of first-run syndicated programming. The Direct-to-Consumer segment consists of its portfolio of domestic and international pay and free streaming services. The Filmed Entertainment segment consists of its production and acquisition of films, series and short-form content for release and licensing in media around the world, including in theaters, on streaming services, on television, and through digital home entertainment and digital versatile discs (DVDs).
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 PARAMOUNT GLOBAL
PARA Guru Analysis
PARA 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 following are the top rated Communication Services stocks according to Validea's Value Investor model based on the published strategy of Benjamin Graham. 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 WEIBO CORP (ADR) WB Guru Analysis WB Fundamental Analysis PARAMOUNT GLOBAL (PARA) is a large-cap value stock in the Broadcasting & Cable TV industry. Detailed Analysis of PARAMOUNT GLOBAL PARA Guru Analysis PARA 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 PARAMOUNT GLOBAL PARA Guru Analysis PARA 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. Its Consumer segment provides wireless and wireline communications services. 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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dd911612-7aba-47d9-ba36-e570113562a6
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714016.0
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2023-12-07 00:00:00 UTC
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Jabil (JBL) Earnings Expected to Grow: Should You Buy?
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DCOMP
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https://www.nasdaq.com/articles/jabil-jbl-earnings-expected-to-grow%3A-should-you-buy-0
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Jabil (JBL) is expected 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 gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on December 14. 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 electronics manufacturer is expected to post quarterly earnings of $2.54 per share in its upcoming report, which represents a year-over-year change of +10%.
Revenues are expected to be $8.44 billion, down 12.4% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has been revised 4.78% 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 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. 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 Jabil?
For Jabil, 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 -0.65%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination makes it difficult to conclusively predict that Jabil 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 Jabil would post earnings of $2.31 per share when it actually produced earnings of $2.45, delivering a surprise of +6.06%.
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.
Jabil 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.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
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
Jabil, Inc. (JBL) : 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 gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. 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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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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Jabil (JBL) is expected to deliver a year-over-year increase in earnings on lower revenues when it 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 14. 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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9a3daddf-a738-4dc1-9dff-a3dbc1a53746
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714017.0
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2023-12-07 00:00:00 UTC
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Reinsurance Group (RGA) Expands Capacity With Launch of Ruby Re
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DCOMP
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https://www.nasdaq.com/articles/reinsurance-group-rga-expands-capacity-with-launch-of-ruby-re
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nan
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Reinsurance Group of America, Incorporated RGA recently announced the launch of a third-party life reinsurance sidecar, Ruby Reinsurance Company (“Ruby Re”), domiciled in Missouri. It has completed the first round of funding and secured capital commitments in the form of equity from major investors like Sammons Financial Group, Golub Capital, and Hudson Structured Capital Management Ltd.
Ruby Re will be established as a non-market-facing sidecar, which would reinsure the portfolio of the sponsor, RGA, through a quota share arrangement and not deal with clients directly. RGA will retrocede $2.5 billion of current liabilities to Ruby Re and transfer a portion of premiums to compensate for the risk taken. This will reduce the dollar amount of risk shown in RGA’s accounts.
The aim of a reinsurance sidecar is to spread the underwriting risk assumed by its sponsor and provide additional reinsurance capacity when the market is constrained. RGA could have reinsured itself by ceding premiums to a reinsurance company. However, another alternative is to form a financial entity and solicit private investment at comparatively lower costs. Investors in the sidecar gain from premiums earned and the ability to enter the reinsurance market for a limited time in favorable market conditions.
This move bodes well for RGA as it expands its capacity to reinsure more risks and gives the opportunity to earn a stable fee income for underwriting, client servicing and administration for the sidecar. Moreover, RGA might earn a profit commission and a ceding commission in case underwritten risks turn out to be profitable. As more investors enter the reinsurance market through investments in sidecars, reinsurers will be compelled to offer more competitive rates, aiding companies like RGA in need of reinsurance.
RGA stands to benefit from the growing U.S. asset-intensive business through Ruby Re. The U.S. asset-intensive business is expected to grow from improving transaction and fees, favorable longevity experience and equity markets as well as higher variable investment income from commercial loan prepayments.
Zacks Rank & Price Performance
Reinsurance Group currently carries a Zacks Rank #2 (Buy). Shares of the company have gained 13% in the past three months, outperforming the industry’s growth of 6.7%.
Image Source: Zacks Investment Research
Other Key Picks
Some other top-ranked stocks from the broader Finance space are Primerica, Inc. PRI, American Equity Investment Life Holding Company AEL and Aflac Incorporated AFL. Each stock presently carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The consensus mark for Primerica’s current-year earnings indicates a 39.9% year-over-year increase. Furthermore, the consensus estimate for PRI’s revenues in 2023 suggests 3.2% year-over-year growth.
The Zacks Consensus Estimate for American Equity’s current-year earnings has improved 12.1% in the past 30 days. The consensus mark for AEL’s current-year earnings indicates 97.3% year-over-year growth.
The consensus mark for Aflac’s current-year earnings indicates an 18.2% year-over-year increase. The Zacks Consensus Estimate for AFL’s current-year earnings has improved 1.1% in the past 30 days.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
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
Aflac Incorporated (AFL) : Free Stock Analysis Report
American Equity Investment Life Holding Company (AEL) : Free Stock Analysis Report
Reinsurance Group of America, Incorporated (RGA) : Free Stock Analysis Report
Primerica, Inc. (PRI) : 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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RGA will retrocede $2.5 billion of current liabilities to Ruby Re and transfer a portion of premiums to compensate for the risk taken. This move bodes well for RGA as it expands its capacity to reinsure more risks and gives the opportunity to earn a stable fee income for underwriting, client servicing and administration for the sidecar. The U.S. asset-intensive business is expected to grow from improving transaction and fees, favorable longevity experience and equity markets as well as higher variable investment income from commercial loan prepayments.
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Reinsurance Group of America, Incorporated RGA recently announced the launch of a third-party life reinsurance sidecar, Ruby Reinsurance Company (“Ruby Re”), domiciled in Missouri. Image Source: Zacks Investment Research Other Key Picks Some other top-ranked stocks from the broader Finance space are Primerica, Inc. PRI, American Equity Investment Life Holding Company AEL and Aflac Incorporated AFL. Click to get this free report Aflac Incorporated (AFL) : Free Stock Analysis Report American Equity Investment Life Holding Company (AEL) : Free Stock Analysis Report Reinsurance Group of America, Incorporated (RGA) : Free Stock Analysis Report Primerica, Inc. (PRI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Reinsurance Group of America, Incorporated RGA recently announced the launch of a third-party life reinsurance sidecar, Ruby Reinsurance Company (“Ruby Re”), domiciled in Missouri. As more investors enter the reinsurance market through investments in sidecars, reinsurers will be compelled to offer more competitive rates, aiding companies like RGA in need of reinsurance. Click to get this free report Aflac Incorporated (AFL) : Free Stock Analysis Report American Equity Investment Life Holding Company (AEL) : Free Stock Analysis Report Reinsurance Group of America, Incorporated (RGA) : Free Stock Analysis Report Primerica, Inc. (PRI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Reinsurance Group of America, Incorporated RGA recently announced the launch of a third-party life reinsurance sidecar, Ruby Reinsurance Company (“Ruby Re”), domiciled in Missouri. RGA could have reinsured itself by ceding premiums to a reinsurance company. The Zacks Consensus Estimate for American Equity’s current-year earnings has improved 12.1% in the past 30 days.
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e55777fd-95ec-4552-8d0b-d8c7363fa4c4
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714018.0
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2023-12-07 00:00:00 UTC
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McDonald's (MCD) Sets New Growth Targets to Boost Its Business
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DCOMP
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https://www.nasdaq.com/articles/mcdonalds-mcd-sets-new-growth-targets-to-boost-its-business
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nan
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McDonald's Corporation MCD has laid down its new growth targets to move further on its Accelerating the Arches strategy.
The company shares optimistic views on the set growth trajectory as it aims to persistently strengthen its brand image, expand its global footprint and build upon the digital ecosystem. These aspects offer unparalleled competitive advantages to McDonald's, thus positioning it strong in the uncertain economy.
Elaboration of the Growth Strategies
McDonald’s’ Accelerating the Arches strategy integrates the core growth pillars of the company, which include maximizing its marketing, commit to the core and double down on the 4Ds, delivery, digital, drive thru and development (included in early 2023).
Under its commit to the core pillar, the company aims to deploy the Best Burger initiative in all its markets by 2026. Furthermore, by 2025, the company expects to offer McCrispy in nearly all markets while expanding the menu items to wraps and tenders. This goal is set on the back of the growing demand share for its chicken category.
Under the double down on the 4Ds pillar, in the Digital category, McDonald’s plans on increasing its active loyalty user base from 150 million to 250 million 90-day active users accompanied by delivering about $45 billion in annual systemwide sales to loyalty members by 2027. Also, by 2025, the company expects to expand its United States pilot of Ready On Arrival in its top six markets.
In the Delivery category, the company wishes to leverage the launch of the mobile app in its top five markets, expecting to witness 30% of delivery orders in its mobile app by 2027. In the Development category, the company plans on increasing its restaurant opening space with the expectation of opening 50,000 restaurants by the end of 2027.
Focusing on advanced tech-driven solutions, on Dec 6, 2023, McDonald’s entered into a strategic partnership with Google Cloud to apply the latest cloud technology and generative AI solutions to all its global restaurants. This move will help the company gain traction in automation innovation, along with effectively detecting issues and facilitating solutions to reduce business disruptions. Moreover, from the beginning of 2024, the company will start deploying the new, universal software on which its every customer and restaurant digital platforms will run.
Market Presence Driving Growth
McDonald’s offerings have reached the billion-dollar brand status through sustained product innovation and geographic expansion. The brand recognition has helped the company gain positive results in its Arches campaign strategies, especially Accelerating of Arches, initiated in its top markets across the globe, thus driving growth.
The successful execution of the Accelerating the Arches strategy is driving increased customer demand and market share gains across major markets. The company's performance reflects the passion and dedication of the entire McDonald's system, with global comparable sales reaching 8.8% and consistent segment results, which indicate the brand's strength.
Image Source: Zacks Investment Research
Shares of this fast-food chain have gained 5% in the past year, outperforming the Zacks Retail - Restaurants industry’s 1.5% growth.
Given the emphasis on digital initiatives, campaigns and loyalty programs, the company remains optimistic and anticipates the initiatives to drive sales and average checks in the upcoming periods.
Financial Outlook
McDonald’s announced its preliminary 2024 guidance, wherein it expects the net restaurant unit expansion to be nearly 2% of systemwide sales growth (in constant currency). Operating margin is expected to be within the mid-to-high 40% range while net new restaurant unit growth is expected to be more than 4%.
Zacks Rank & Key Picks
McDonald’s currently carries a Zacks Rank #3 (Hold).
Here are some better-ranked stocks from the Zacks Retail-Wholesale sector.
Wingstop Inc. WING sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks Rank #1 stocks here.
It has a trailing four-quarter earnings surprise of 28.9%, on average. The stock has surged 59.6% in the past year. The Zacks Consensus Estimate for WING’s 2023 sales and earnings per share (EPS) suggests an increase of 26.3% and 29.2%, respectively, from the year-ago period’s levels.
Brinker International, Inc. EAT currently sports a Zacks Rank of 1. It has a trailing four-quarter earnings surprise of 223.6%, on average. The stock has rallied 9.5% in the past year.
The Zacks Consensus Estimate for EAT’s fiscal 2024 sales and EPS indicates a 5.1% and 26.2% rise, respectively, from the year-ago period’s levels.
The Gap, Inc. GPS currently sports a Zacks Rank of 1. It has a trailing four-quarter earnings surprise of 137.9%, on average. The stock has gained 43.6% in the past year.
The Zacks Consensus Estimate for GPS’ fiscal 2024 sales suggests an improvement of 0.9% but the EPS indicates a decline of 2.8% from the year-ago period’s levels.
Only $1 to See All Zacks' Buys and Sells
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McDonald's Corporation (MCD) : Free Stock Analysis Report
Brinker International, Inc. (EAT) : Free Stock Analysis Report
The Gap, Inc. (GPS) : Free Stock Analysis Report
Wingstop Inc. (WING) : 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 company shares optimistic views on the set growth trajectory as it aims to persistently strengthen its brand image, expand its global footprint and build upon the digital ecosystem. The company's performance reflects the passion and dedication of the entire McDonald's system, with global comparable sales reaching 8.8% and consistent segment results, which indicate the brand's strength. Financial Outlook McDonald’s announced its preliminary 2024 guidance, wherein it expects the net restaurant unit expansion to be nearly 2% of systemwide sales growth (in constant currency).
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Elaboration of the Growth Strategies McDonald’s’ Accelerating the Arches strategy integrates the core growth pillars of the company, which include maximizing its marketing, commit to the core and double down on the 4Ds, delivery, digital, drive thru and development (included in early 2023). The brand recognition has helped the company gain positive results in its Arches campaign strategies, especially Accelerating of Arches, initiated in its top markets across the globe, thus driving growth. Click to get this free report McDonald's Corporation (MCD) : Free Stock Analysis Report Brinker International, Inc. (EAT) : Free Stock Analysis Report The Gap, Inc. (GPS) : Free Stock Analysis Report Wingstop Inc. (WING) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Elaboration of the Growth Strategies McDonald’s’ Accelerating the Arches strategy integrates the core growth pillars of the company, which include maximizing its marketing, commit to the core and double down on the 4Ds, delivery, digital, drive thru and development (included in early 2023). Image Source: Zacks Investment Research Shares of this fast-food chain have gained 5% in the past year, outperforming the Zacks Retail - Restaurants industry’s 1.5% growth. Click to get this free report McDonald's Corporation (MCD) : Free Stock Analysis Report Brinker International, Inc. (EAT) : Free Stock Analysis Report The Gap, Inc. (GPS) : Free Stock Analysis Report Wingstop Inc. (WING) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The brand recognition has helped the company gain positive results in its Arches campaign strategies, especially Accelerating of Arches, initiated in its top markets across the globe, thus driving growth. The Zacks Consensus Estimate for WING’s 2023 sales and earnings per share (EPS) suggests an increase of 26.3% and 29.2%, respectively, from the year-ago period’s levels. The stock has gained 43.6% in the past year.
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3202733f-04f9-4562-a893-a3fb26e25871
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714019.0
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2023-12-07 00:00:00 UTC
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S&P 500 Movers: MRNA, GOOG
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DCOMP
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https://www.nasdaq.com/articles/sp-500-movers%3A-mrna-goog
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nan
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nan
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In early trading on Thursday, shares of Alphabet topped the list of the day's best performing components of the S&P 500 index, trading up 5.7%. Year to date, Alphabet registers a 56.6% gain.
And the worst performing S&P 500 component thus far on the day is Moderna, trading down 2.1%. Moderna is lower by about 56.1% looking at the year to date performance.
One other components making moves today is Mohawk Industries, trading down 1.8% on the day.
VIDEO: S&P 500 Movers: MRNA, GOOG
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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And the worst performing S&P 500 component thus far on the day is Moderna, trading down 2.1%. One other components making moves today is Mohawk Industries, trading down 1.8% on the day. VIDEO: S&P 500 Movers: MRNA, GOOG The views and 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 early trading on Thursday, shares of Alphabet topped the list of the day's best performing components of the S&P 500 index, trading up 5.7%. Year to date, Alphabet registers a 56.6% gain. And the worst performing S&P 500 component thus far on the day is Moderna, trading down 2.1%.
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In early trading on Thursday, shares of Alphabet topped the list of the day's best performing components of the S&P 500 index, trading up 5.7%. And the worst performing S&P 500 component thus far on the day is Moderna, trading down 2.1%. VIDEO: S&P 500 Movers: MRNA, GOOG The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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And the worst performing S&P 500 component thus far on the day is Moderna, trading down 2.1%. Moderna is lower by about 56.1% looking at the year to date performance. VIDEO: S&P 500 Movers: MRNA, GOOG The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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67b564ce-03d8-4b49-b8ef-ad298b46018d
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714020.0
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2023-12-07 00:00:00 UTC
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Dow Movers: MRK, AAPL
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DCOMP
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https://www.nasdaq.com/articles/dow-movers%3A-mrk-aapl
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In early trading on Thursday, shares of Apple topped the list of the day's best performing Dow Jones Industrial Average components, trading up 1.3%. Year to date, Apple registers a 49.9% gain.
And the worst performing Dow component thus far on the day is Merck, trading down 1.5%. Merck is lower by about 6.2% looking at the year to date performance.
Two other components making moves today are Johnson & Johnson, trading down 1.1%, and Caterpillar, trading up 0.9% on the day.
VIDEO: Dow Movers: MRK, AAPL
The views and 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 early trading on Thursday, shares of Apple topped the list of the day's best performing Dow Jones Industrial Average components, trading up 1.3%. And the worst performing Dow component thus far on the day is Merck, trading down 1.5%. VIDEO: Dow Movers: MRK, AAPL The views and 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 early trading on Thursday, shares of Apple topped the list of the day's best performing Dow Jones Industrial Average components, trading up 1.3%. And the worst performing Dow component thus far on the day is Merck, trading down 1.5%. Two other components making moves today are Johnson & Johnson, trading down 1.1%, and Caterpillar, trading up 0.9% on the day.
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In early trading on Thursday, shares of Apple topped the list of the day's best performing Dow Jones Industrial Average components, trading up 1.3%. And the worst performing Dow component thus far on the day is Merck, trading down 1.5%. Two other components making moves today are Johnson & Johnson, trading down 1.1%, and Caterpillar, trading up 0.9% on the day.
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And the worst performing Dow component thus far on the day is Merck, trading down 1.5%. Merck is lower by about 6.2% looking at the year to date performance. VIDEO: Dow Movers: MRK, AAPL The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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86da6013-f985-4c1a-8f6c-79bbcde2c87f
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714021.0
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2023-12-07 00:00:00 UTC
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Here's Why You Should Retain OPKO Health (OPK) Stock for Now
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DCOMP
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https://www.nasdaq.com/articles/heres-why-you-should-retain-opko-health-opk-stock-for-now-0
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OPKO Health, Inc. OPK is well-poised for growth in the coming quarters, courtesy of its potential in Rayaldee. The optimism led by solid third-quarter 2023 performance and few notable agreements are expected to contribute further. However, stiff competition and concerns regarding overdependence on Rayaldee persist.
Over the past year, this Zacks Rank #3 (Hold) stock has gained 18.5% against the 6.2% decline of the industry. The S&P 500 has witnessed 15.2% growth in the said time frame.
The renowned multinational biopharmaceutical and diagnostics company has a market capitalization of $1.24 billion. It projects 8% growth for 2024 and expects to maintain its strong performance. OPKO Health’s earnings surpassed the Zacks Consensus Estimate in two of the trailing four quarters, missed once and broke even in the other, the average surprise being 26.6%.
Image Source: Zacks Investment Research
Let’s delve deeper.
Potential in Rayaldee: We are upbeat about OPKO Health’s Rayaldee business. Rayaldee is the first and only therapy approved by the FDA for the treatment of secondary hyperparathyroidism in adults with stage three or four chronic kidney disease and vitamin D insufficiency. For the nine months ended Sep 30, 2023, net product revenues from sales of Rayaldee were up 19.2%.
Strategic Agreements: OPKO Health has entered into a slew of agreements over the past few months. On third-quarter 2023earnings callin November, management confirmed that GLP-2 to treat short bowel syndrome is being developed into a once-daily oral form jointly with Entera. OPKO Health’s management is also considering working with Entera on one of its oxyntomodulin peptides for weight loss.
Strong Q3 Results: OPKO Health’s better-than-expected third-quarter 2023 revenues buoy our optimism. Its confirmation that NGENLA (somatrogon) has been approved in 48 markets, including the United States, Japan, EU Member States, Canada and Australia, looks promising. Also, its continued sales by Pfizer in more than 23 countries, including all priority global markets, raises our optimism about OPKO Health.
Downsides
Stiff Competition: The pharmaceutical, diagnostic and laboratory testing industries are highly competitive and require an ongoing, extensive search for technological innovation. Numerous companies, including major pharmaceutical companies, specialty pharmaceutical companies and specialized biotechnology companies, are engaged in the development, manufacture and marketing of pharmaceutical products competitive with those that OPKO Health intends to commercialize itself and through its partners.
Overdependence on Rayaldee: OPKO Health’s Rayaldee is the company’s only pharmaceutical product approved for marketing in the United States. The company’s ability to generate revenues from product sales and achieve profitability substantially depends on its ability to effectively commercialize Rayaldee. The failure to successfully commercialize Rayaldee would have a material adverse effect on the company’s business.
Estimate Trend
OPKO Health is witnessing a negative estimate revision trend for 2023. In the past 90 days, the Zacks Consensus Estimate for its loss per share has widened from 20 cents to 25 cents.
The Zacks Consensus Estimate for the company’s fourth-quarter 2023 revenues is pegged at $178.3 million, suggesting a 3.8% fall from the year-ago quarter’s reported number.
Key Picks
Some better-ranked stocks in the broader medical space are DaVita Inc. DVA, DexCom, Inc. DXCM and Integer Holdings Corporation ITGR.
DaVita, sporting a Zacks Rank #1 (Strong Buy), has an estimated long-term growth rate of 18.3%. DVA’s earnings surpassed estimates in all the trailing four quarters, with an average surprise of 36.6%. You can see the complete list of today’s Zacks #1 Rank stocks here.
DaVita’s shares have gained 39.1% compared with the industry’s 3.8% rise in the past year.
DexCom, carrying a Zacks Rank of 2 (Buy) at present, has an estimated long-term growth rate of 33.6%. DXCM’s earnings surpassed estimates in all the trailing four quarters, with an average of 36.4%.
DexCom’s shares have lost 3.9% compared with the industry’s 6.2% decline in the past year.
Integer Holdings, flaunting a Zacks Rank of 1 at present, has an estimated long-term growth rate of 15.8%. ITGR’s earnings surpassed estimates in all the trailing four quarters, the average surprise being 11.9%.
Integer Holdings’ shares have rallied 18.9% against the industry’s 6.2% decline in the past year.
Only $1 to See All Zacks' Buys and Sells
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Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
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DaVita Inc. (DVA) : Free Stock Analysis Report
DexCom, Inc. (DXCM) : Free Stock Analysis Report
OPKO Health, Inc. (OPK) : Free Stock Analysis Report
Integer Holdings Corporation (ITGR) : 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 third-quarter 2023earnings callin November, management confirmed that GLP-2 to treat short bowel syndrome is being developed into a once-daily oral form jointly with Entera. The Zacks Consensus Estimate for the company’s fourth-quarter 2023 revenues is pegged at $178.3 million, suggesting a 3.8% fall from the year-ago quarter’s reported number. Key Picks Some better-ranked stocks in the broader medical space are DaVita Inc. DVA, DexCom, Inc. DXCM and Integer Holdings Corporation ITGR.
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Overdependence on Rayaldee: OPKO Health’s Rayaldee is the company’s only pharmaceutical product approved for marketing in the United States. Key Picks Some better-ranked stocks in the broader medical space are DaVita Inc. DVA, DexCom, Inc. DXCM and Integer Holdings Corporation ITGR. Click to get this free report DaVita Inc. (DVA) : Free Stock Analysis Report DexCom, Inc. (DXCM) : Free Stock Analysis Report OPKO Health, Inc. (OPK) : Free Stock Analysis Report Integer Holdings Corporation (ITGR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Numerous companies, including major pharmaceutical companies, specialty pharmaceutical companies and specialized biotechnology companies, are engaged in the development, manufacture and marketing of pharmaceutical products competitive with those that OPKO Health intends to commercialize itself and through its partners. Overdependence on Rayaldee: OPKO Health’s Rayaldee is the company’s only pharmaceutical product approved for marketing in the United States. Click to get this free report DaVita Inc. (DVA) : Free Stock Analysis Report DexCom, Inc. (DXCM) : Free Stock Analysis Report OPKO Health, Inc. (OPK) : Free Stock Analysis Report Integer Holdings Corporation (ITGR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Over the past year, this Zacks Rank #3 (Hold) stock has gained 18.5% against the 6.2% decline of the industry. Overdependence on Rayaldee: OPKO Health’s Rayaldee is the company’s only pharmaceutical product approved for marketing in the United States. In the past 90 days, the Zacks Consensus Estimate for its loss per share has widened from 20 cents to 25 cents.
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22d55947-da21-456e-aef9-5cbc9cf9967c
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714022.0
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2023-12-07 00:00:00 UTC
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Trinity (TRN) Rewards Shareholders With 8% Dividend Hike
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DCOMP
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https://www.nasdaq.com/articles/trinity-trn-rewards-shareholders-with-8-dividend-hike
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nan
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In a shareholder-friendly move, Trinity Industries, Inc. (TRN) announced a hike in its dividend payout. TRN’s board of directors has announced a dividend hike of almost 8%, thereby raising its quarterly cash dividend from 26 cents per share to 28 cents. The raised dividend, reflecting Trinity’s 239th consecutively paid dividend, will be paid out on Jan 31, 2024, to all its shareholders of record as of Jan 12, 2024. The move reflects TRN’s intention to utilize free cash to enhance its shareholders’ returns.
Trinity Industries, Inc. Dividend Yield (TTM)
Trinity Industries, Inc. dividend-yield-ttm | Trinity Industries, Inc. Quote
Trinity has been consistently making efforts to reward its shareholders through dividends and share buybacks, which are encouraging. During the first nine months of 2023, TRN rewarded its shareholders with $64.7 million in dividend payments (did not repurchase any shares during the said time frame). The company also rewarded its shareholders through $76.9 million in dividends and $51.8 million in share repurchases during 2022.
Dividend-paying stocks provide a solid income stream and have fewer chances of experiencing wild price swings. Dividend stocks, like TRN, are safe bets for creating wealth, as the payouts generally act as a hedge against economic uncertainty like the current scenario.
TRN management’s decision to increase its quarterly dividend payout reflects the company’s commitment to boosting shareholder value apart from underlining confidence in its business. We believe such shareholder-friendly initiatives boost investor confidence and positively impact this Zacks Rank #3 (Hold) stock bottom line. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Trinity is not the only player from the Zacks Transportation sector that has rewarded its shareholders with dividend payouts or share buyback programs. To name a few, on Dec 5, Landstar System, Inc.’s LSTR board of directors raised the number of shares of its common stock, which the company is authorized to purchase, to 3,000,000. The latest uptick allows the company to purchase 319,332 new shares, apart from the existing authorization to purchase 2,680,668 shares.
Additionally, LSTR’s board has declared a special one-time cash dividend of $2.00 per share. This special dividend will be paid on Jan 19, 2024, to all its shareholders of record as of the close of the business on Jan 3, 2024.
On Nov 3, 2023, Air Lease Corporation’s AL board of directors increased its quarterly cash dividend by 5%, from 20 cents per share to 21 cents. The raised quarterly dividend of 21 cents per share will be paid on Jan 10, 2024, to shareholders of record as of Dec 15, 2023.
Only $1 to See All Zacks' Buys and Sells
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Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
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Air Lease Corporation (AL) : Free Stock Analysis Report
Trinity Industries, Inc. (TRN) : Free Stock Analysis Report
Landstar System, Inc. (LSTR) : 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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Dividend stocks, like TRN, are safe bets for creating wealth, as the payouts generally act as a hedge against economic uncertainty like the current scenario. TRN management’s decision to increase its quarterly dividend payout reflects the company’s commitment to boosting shareholder value apart from underlining confidence in its business. To name a few, on Dec 5, Landstar System, Inc.’s LSTR board of directors raised the number of shares of its common stock, which the company is authorized to purchase, to 3,000,000.
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TRN’s board of directors has announced a dividend hike of almost 8%, thereby raising its quarterly cash dividend from 26 cents per share to 28 cents. On Nov 3, 2023, Air Lease Corporation’s AL board of directors increased its quarterly cash dividend by 5%, from 20 cents per share to 21 cents. Click to get this free report Air Lease Corporation (AL) : Free Stock Analysis Report Trinity Industries, Inc. (TRN) : Free Stock Analysis Report Landstar System, Inc. (LSTR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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TRN’s board of directors has announced a dividend hike of almost 8%, thereby raising its quarterly cash dividend from 26 cents per share to 28 cents. Trinity Industries, Inc. Dividend Yield (TTM) Trinity Industries, Inc. dividend-yield-ttm | Trinity Industries, Inc. Quote Trinity has been consistently making efforts to reward its shareholders through dividends and share buybacks, which are encouraging. Click to get this free report Air Lease Corporation (AL) : Free Stock Analysis Report Trinity Industries, Inc. (TRN) : Free Stock Analysis Report Landstar System, Inc. (LSTR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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In a shareholder-friendly move, Trinity Industries, Inc. (TRN) announced a hike in its dividend payout. TRN’s board of directors has announced a dividend hike of almost 8%, thereby raising its quarterly cash dividend from 26 cents per share to 28 cents. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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ef6ff98b-babf-4a9f-800e-2d30c07030a7
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714023.0
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2023-12-07 00:00:00 UTC
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Why Cadence Design Systems (CDNS) is a Top Growth Stock for the Long-Term
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DCOMP
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https://www.nasdaq.com/articles/why-cadence-design-systems-cdns-is-a-top-growth-stock-for-the-long-term-1
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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.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value Score
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth Score
Growth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum Score
Momentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM Score
If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
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.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only as a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Cadence Design Systems (CDNS)
Based in San Jose, CA, Cadence Design Systems Inc. (CDNS) offers products and tools that help customers to design electronic products. Through System Design Enablement (SDE) strategy the company offers software, hardware, services and reusable IC design blocks (IPs) to electronic systems and semiconductor customers.
CDNS is a #2 (Buy) on the Zacks Rank, with a VGM Score of B.
Additionally, the company could be a top pick for growth investors. CDNS has a Growth Style Score of B, forecasting year-over-year earnings growth of 19.7% for the current fiscal year.
Seven analysts revised their earnings estimate higher in the last 60 days for fiscal 2023, while the Zacks Consensus Estimate has increased $0.02 to $5.11 per share. CDNS also boasts an average earnings surprise of 4.1%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, CDNS should be on investors' short list.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
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
Cadence Design Systems, Inc. (CDNS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum. 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.
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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. 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. Click to get this free report Cadence Design Systems, Inc. (CDNS) : 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. 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. You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B.
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What are the Zacks Style Scores? That's where the Style Scores come in. CDNS has a Growth Style Score of B, forecasting year-over-year earnings growth of 19.7% for the current fiscal year.
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95d30f01-68c1-4589-8187-a6e3d95fc86c
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714024.0
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2023-12-07 00:00:00 UTC
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C3.ai Stock Earnings Report: The Good and the Bad
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DCOMP
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https://www.nasdaq.com/articles/c3.ai-stock-earnings-report%3A-the-good-and-the-bad
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nan
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nan
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AI stocks are all the hype this year, especially C3.ai (NYSE: AI). The stock is up 160% this year already, but there's a big disconnect between the company's financials and the stock's performance. In this video, I will go over the company's second-quarter earnings report.
*Stock prices used were from the trading day of Dec. 6, 2023. The video was published on Dec. 7, 2023.
10 stocks we like better than C3.ai
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They just revealed what they believe are the ten best stocks for investors to buy right now... and C3.ai wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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*Stock Advisor returns as of December 4, 2023
Neil Rozenbaum has no position in any of the stocks mentioned. The Motley Fool recommends C3.ai. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel.
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AI stocks are all the hype this year, especially C3.ai (NYSE: AI). After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. See the 10 stocks *Stock Advisor returns as of December 4, 2023 Neil Rozenbaum has no position in any of the stocks mentioned.
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The stock is up 160% this year already, but there's a big disconnect between the company's financials and the stock's performance. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. See the 10 stocks *Stock Advisor returns as of December 4, 2023 Neil Rozenbaum has no position in any of the stocks mentioned.
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The stock is up 160% this year already, but there's a big disconnect between the company's financials and the stock's performance. In this video, I will go over the company's second-quarter earnings report. His opinions remain his own and are unaffected by The Motley Fool.
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423cb79d-68fb-4a22-9212-07913a08adad
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714025.0
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2023-12-07 00:00:00 UTC
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Costco (COST) Earnings Expected to Grow: Should You Buy?
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DCOMP
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https://www.nasdaq.com/articles/costco-cost-earnings-expected-to-grow%3A-should-you-buy-1
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nan
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nan
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Wall Street expects a year-over-year increase in earnings on higher revenues when Costco (COST) 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 14. 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 warehouse club operator is expected to post quarterly earnings of $3.44 per share in its upcoming report, which represents a year-over-year change of +11%.
Revenues are expected to be $57.62 billion, up 5.8% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has been revised 0.34% 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 Costco?
For Costco, 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 +1.40%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination indicates that Costco will most likely 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 Costco would post earnings of $4.71 per share when it actually produced earnings of $4.86, delivering a surprise of +3.18%.
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.
Costco appears 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.
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Costco Wholesale Corporation (COST) : 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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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. 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 stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on December 14. 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). So, this combination indicates that Costco will most likely beat the consensus EPS estimate.
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d63a4e0c-27de-4b2a-a3fb-b64491771f61
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714026.0
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2023-12-07 00:00:00 UTC
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Jobless Claims Cool Week Over Week; Pre-Markets Up
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DCOMP
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https://www.nasdaq.com/articles/jobless-claims-cool-week-over-week-pre-markets-up
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Jobs Week continues this Thursday morning, following a relatively subdued JOLTS report Tuesday and a slimmer-than-expected ADP ADP private-sector payrolls tally yesterday. Today it’s Initial Jobless Claims and Continuing Claims, and we remain consistent on results that do not look to inflame market sensibilities.
Headline Initial Claims came in at 220K, just below the 222K analysts were expecting — and exactly in-line with the average headline over the past six weeks (the six weeks prior averaged 207K new claims per week). Cycle highs came in a few weeks back, at 233K, but even this is well below the mid-summer 260K+ weeks we were seeing for a minute there. We haven’t been below 200K in close to a year, but we’re hovering around a generally healthy level of new jobless claims.
Continuing Claims has drawn much more attention of late, after seeing last week’s headline spike up north of 1.9 million; today’s number is back down to 1.861 million — still higher than prints we’ve seen over the past year, but perhaps showing resistance at these higher levels following nearly two months of higher longer-term claims every week. In fact, today was only the second week in the past 11 that was lower than the previous week.
Of course, the big news this Jobs Week is yet to come: tomorrow morning’s Employment Situation report is expected to bring in 190K new jobs for November. This is relatively high considering the muted labor market figures we’re seeing elsewhere, but that’s not to say it’s not an accurate estimate. The Unemployment Rate is expected to remain steady at 3.9%, an historically healthy figure. Hourly Wages year over year are expected to tick down to 4.0% last month.
Should these estimates be on the money, they would further the Goldilocks picture labor news has been painting over this Jobs Week. That said, markets over the past month or so — until recently: both the Dow and S&P 500 are on 3-day losing streaks — seem to have priced this in, which keeps the “soft landing” narrative in place. But whether investors will have an appetite to bid markets higher from here remains an open question.
Pre-market futures have improved since the jobless claims releases: the Dow and S&P are both up +14 points at this hour, while the Nasdaq has climbed +109 points. Only the small-cap Russell 2000 is marginally lower at this hour; it is the only index of the four to be up +2% over the past week of trading. With three weeks left of trading in 2023, the Russell is +5.36%, the Dow +8.53%, the S&P +18.80% and the Nasdaq — off an atypically dismal 2022 — is +45.31%.
Questions or comments about this article and/or author? Click here>>
Only $1 to See All Zacks' Buys and Sells
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Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
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Automatic Data Processing, Inc. (ADP) : Free Stock Analysis Report
Invesco QQQ (QQQ): ETF Research Reports
SPDR S&P 500 ETF (SPY): ETF Research Reports
SPDR Dow Jones Industrial Average ETF (DIA): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Should these estimates be on the money, they would further the Goldilocks picture labor news has been painting over this Jobs Week. That said, markets over the past month or so — until recently: both the Dow and S&P 500 are on 3-day losing streaks — seem to have priced this in, which keeps the “soft landing” narrative in place. Only the small-cap Russell 2000 is marginally lower at this hour; it is the only index of the four to be up +2% over the past week of trading.
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Today it’s Initial Jobless Claims and Continuing Claims, and we remain consistent on results that do not look to inflame market sensibilities. Headline Initial Claims came in at 220K, just below the 222K analysts were expecting — and exactly in-line with the average headline over the past six weeks (the six weeks prior averaged 207K new claims per week). Click to get this free report Automatic Data Processing, Inc. (ADP) : Free Stock Analysis Report Invesco QQQ (QQQ): ETF Research Reports SPDR S&P 500 ETF (SPY): ETF Research Reports SPDR Dow Jones Industrial Average ETF (DIA): ETF Research Reports To read this article on Zacks.com click here.
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Headline Initial Claims came in at 220K, just below the 222K analysts were expecting — and exactly in-line with the average headline over the past six weeks (the six weeks prior averaged 207K new claims per week). Continuing Claims has drawn much more attention of late, after seeing last week’s headline spike up north of 1.9 million; today’s number is back down to 1.861 million — still higher than prints we’ve seen over the past year, but perhaps showing resistance at these higher levels following nearly two months of higher longer-term claims every week. Click to get this free report Automatic Data Processing, Inc. (ADP) : Free Stock Analysis Report Invesco QQQ (QQQ): ETF Research Reports SPDR S&P 500 ETF (SPY): ETF Research Reports SPDR Dow Jones Industrial Average ETF (DIA): ETF Research Reports To read this article on Zacks.com click here.
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We haven’t been below 200K in close to a year, but we’re hovering around a generally healthy level of new jobless claims. Continuing Claims has drawn much more attention of late, after seeing last week’s headline spike up north of 1.9 million; today’s number is back down to 1.861 million — still higher than prints we’ve seen over the past year, but perhaps showing resistance at these higher levels following nearly two months of higher longer-term claims every week. See Stocks Now >> Want the latest recommendations from Zacks Investment Research?
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a7b32e4d-6ff4-4e36-89c2-8cf995b70920
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714027.0
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2023-12-07 00:00:00 UTC
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Got $5,000? These 3 Stocks Are Deep-Value Buys Right Now
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DCOMP
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https://www.nasdaq.com/articles/got-%245000-these-3-stocks-are-deep-value-buys-right-now
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nan
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nan
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A $5,000 investment may not seem a significant amount to some, but it can generate tremendous returns in the long run. If you were to invest in the S&P 500, which averages an annual return of around 10% over the long term, that $5,000 could be worth more than $54,000 after 25 years.
One way you can set yourself up for larger returns is by investing in quality businesses that have been struggling, and whose valuations look attractive. Three stocks that may be great options to invest $5,000 into right now are Medtronic (NYSE: MDT), United Parcel Service (NYSE: UPS), and Southwest Airlines (NYSE: LUV). Their valuations are currently low, and these businesses should all do better in the years ahead.
1. Medtronic
Medical device maker Medtronic is a big name in healthcare, with customers all over the globe. Its devices help people with over 70 health conditions.
However, supply chain disruptions and the pandemic caused problems for its operations, resulting in some lackluster results in recent years. But with the healthcare industry returning to normal, Medtronic should make for a much better stock to invest in today.
The company upgraded its guidance last month, and Medtronic now projects that its organic revenue will grow 4.75% this fiscal year (ending in April) versus the 4.5% it was forecasting previously. This is by no means a fast-growing business, but it's one that can rise in value along with the industry. Medtronic offers investors a great way to gain exposure to healthcare, given its broad reach.
It also makes for a solid dividend stock, with a yield of around 3.4%. Shares of Medtronic have been rallying in recent weeks, but at less than $80, the stock is trading at a forward price-to-earnings multiple of only 16 (the S&P 500 average is 20). It's also around the levels it was at in 2020, when the markets first tumbled due to the coronavirus pandemic.
2. United Parcel Service
United Parcel Service, better known as UPS, is a great investment to hang on to for multiple reasons. If Medtronic is a great way to invest in healthcare, then UPS can give you great exposure to the world of e-commerce. As a top logistics provider, the company transports packages all over the globe.
Trading at less than 16 times future earnings, this is another good value buy for investors. And it has also been rising in recent weeks. Otherwise, it would be at a multi-year low.
The company has faced multiple headwinds this year as macroeconomic conditions have impacted demand, and labor negotiations also disrupted its normal operations. That said, a new labor agreement was put in place before the start of the holiday season. And with Black Friday online sales in the U.S. hitting a record $9.8 billion, the company could have a strong quarter to report in January. In its last earnings report, for the period that ended on Sept. 30, the company posted a 13% decline in revenue.
Whether you're investing in a top logistics company or just want to bet on the strength of the global economy, UPS can make for a good, cheap growth stock to buy. It also pays a dividend that yields 4.2%.
3. Southwest Airlines
Last December, the big news was Southwest Airlines' mass cancellations and problems that the top airline faced due to weather conditions. It fared particularly worse than its rivals.
This year, the company has promised to be better, and the early results are encouraging. During the Thanksgiving travel period, Southwest says it operated over 41,000 flights, transporting 5.1 million passengers. And even though it faced varying weather issues, it says 82% of its flights arrived within 14 minutes of their expected arrival times.
Southwest stock continues to struggle, however, and it is trading around where it was in early 2020, giving investors the ability to buy this top airline at a discounted valuation -- it's trading at only 10 times its estimated future earnings.
For the period ended Sept. 30, the company reported operating revenue of $6.5 billion, up 5% year over year. But with an increase in expenses, the company's net income of $193 million was down by more than 30%. If the busy winter travel season is a success, those numbers could look much better in a few months.
Southwest is going through ongoing labor talks of its own, which may impact profitability in the future. But the low-cost airline can be a potentially good long-term buy, given its low valuation. And like the other stocks on this list, there's an incentive to wait for the business to improve, as Southwest also pays a dividend, yielding 2.7%.
10 stocks we like better than Medtronic
When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Medtronic wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of December 4, 2023
David Jagielski has positions in Southwest Airlines. The Motley Fool recommends Southwest Airlines and United Parcel Service. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company upgraded its guidance last month, and Medtronic now projects that its organic revenue will grow 4.75% this fiscal year (ending in April) versus the 4.5% it was forecasting previously. The company has faced multiple headwinds this year as macroeconomic conditions have impacted demand, and labor negotiations also disrupted its normal operations. Whether you're investing in a top logistics company or just want to bet on the strength of the global economy, UPS can make for a good, cheap growth stock to buy.
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Three stocks that may be great options to invest $5,000 into right now are Medtronic (NYSE: MDT), United Parcel Service (NYSE: UPS), and Southwest Airlines (NYSE: LUV). Southwest Airlines Last December, the big news was Southwest Airlines' mass cancellations and problems that the top airline faced due to weather conditions. For the period ended Sept. 30, the company reported operating revenue of $6.5 billion, up 5% year over year.
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Three stocks that may be great options to invest $5,000 into right now are Medtronic (NYSE: MDT), United Parcel Service (NYSE: UPS), and Southwest Airlines (NYSE: LUV). Southwest Airlines Last December, the big news was Southwest Airlines' mass cancellations and problems that the top airline faced due to weather conditions. Southwest stock continues to struggle, however, and it is trading around where it was in early 2020, giving investors the ability to buy this top airline at a discounted valuation -- it's trading at only 10 times its estimated future earnings.
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But with the healthcare industry returning to normal, Medtronic should make for a much better stock to invest in today. Southwest stock continues to struggle, however, and it is trading around where it was in early 2020, giving investors the ability to buy this top airline at a discounted valuation -- it's trading at only 10 times its estimated future earnings. For the period ended Sept. 30, the company reported operating revenue of $6.5 billion, up 5% year over year.
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bb9eea1e-a639-47b9-84b6-715e31dab903
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714028.0
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2023-12-07 00:00:00 UTC
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2 AI Stocks Taking It on the Chin Thursday
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DCOMP
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https://www.nasdaq.com/articles/2-ai-stocks-taking-it-on-the-chin-thursday
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nan
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nan
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The Nasdaq Composite (NASDAQINDEX: ^IXIC) has soared in 2023, and excitement about artificial intelligence (AI) has played a key role. Many of the biggest companies in the stock market have ties to AI, and the massive upticks in demand that they've seen have led investors to bid their share prices to new heights.
However, AI companies still have to deliver solid financial results in order to keep their shareholders optimistic. When a company falls short of high expectations, its share price can suffer big declines. That's what's happening with AI stocks C3.ai (NYSE: AI) and Sprinklr (NYSE: CXM) on Thursday morning, and investors are taking a closer look at their prospects for tapping into long-term AI growth trends.
C3 can't keep up with high expectations
Shares of C3.ai fell 10% just after the open of regular trading on Wall Street Thursday morning. The enterprise AI application software specialist reported fiscal second-quarter financial results for the period ended Oct. 31 that didn't show the level of reaccelerating growth that investors had wanted to see.
C3's revenue climbed 17% year over year to $73.2 million, but the company believes that its relatively slow growth rate stems from its transition to a consumption-based pricing model. Customer engagement, which broadly measures the number of clients using C3 services actively, jumped 81% to 404. C3 closed 62 new agreements during the three-month period, including one with drug giant GSK. The company's business with the federal government has become a crucial driver of growth, with total bookings from the segment nearly tripling from year-ago levels.
CEO Thomas Siebel said that the company saw "unprecedented interest and traction" in generative AI products, which it sees as a potential $1.3 trillion market by 2032. C3 is positioning itself to take maximum advantage of enterprise AI opportunities and has already seen its pipeline of AI projects jump by more than half in just three months.
Yet the company's guidance for between $74 million and $78 million in revenue for the coming fiscal third quarter suggested only minimal sequential growth in sales, and it continues to lose considerable amounts of money even on an adjusted basis. Those two things need to get fixed before C3's stock is likely to produce sustained gains.
Sprinklr leaves shareholders drenched
Elsewhere, shares of Sprinklr plunged more than 30% in the opening minutes of trading on Thursday. The enterprise cloud software and AI-powered contact center services company reported lackluster results in the fiscal third quarter that ended Oct. 31.
On its face, Sprinklr put in a respectable showing. Sales climbed 18% year over year on a 22% gain in subscription revenue, and remaining performance obligations were higher by 34% from year-ago levels. The company even managed to generate positive cash flow of nearly $16 million during the quarter, and adjusted earnings of $0.12 per share were up dramatically from 12 months earlier.
However, investors are coming to grips with the fact that revenue growth is slowing. After climbing 25% last year, sales are projected to be between $725.5 million and $727.5 million this year. That would represent growth of around 17% to 18%. Even above-consensus calls for adjusted earnings of $0.36 to $0.37 per share weren't enough to satisfy shareholders.
Sprinklr has worked hard on artificial intelligence, launching conversational AI in its customer service bots for clients. Nevertheless, investors have extremely high expectations for growth in the industry. It'll take more effort for Sprinklr to keep up and reach its full potential.
10 stocks we like better than C3.ai
When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and C3.ai wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of December 4, 2023
Dan Caplinger has no position in any of the stocks mentioned. The Motley Fool recommends C3.ai and GSK. 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 of the biggest companies in the stock market have ties to AI, and the massive upticks in demand that they've seen have led investors to bid their share prices to new heights. The enterprise AI application software specialist reported fiscal second-quarter financial results for the period ended Oct. 31 that didn't show the level of reaccelerating growth that investors had wanted to see. CEO Thomas Siebel said that the company saw "unprecedented interest and traction" in generative AI products, which it sees as a potential $1.3 trillion market by 2032.
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That's what's happening with AI stocks C3.ai (NYSE: AI) and Sprinklr (NYSE: CXM) on Thursday morning, and investors are taking a closer look at their prospects for tapping into long-term AI growth trends. The enterprise AI application software specialist reported fiscal second-quarter financial results for the period ended Oct. 31 that didn't show the level of reaccelerating growth that investors had wanted to see. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
|
Many of the biggest companies in the stock market have ties to AI, and the massive upticks in demand that they've seen have led investors to bid their share prices to new heights. That's what's happening with AI stocks C3.ai (NYSE: AI) and Sprinklr (NYSE: CXM) on Thursday morning, and investors are taking a closer look at their prospects for tapping into long-term AI growth trends. The enterprise AI application software specialist reported fiscal second-quarter financial results for the period ended Oct. 31 that didn't show the level of reaccelerating growth that investors had wanted to see.
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The enterprise AI application software specialist reported fiscal second-quarter financial results for the period ended Oct. 31 that didn't show the level of reaccelerating growth that investors had wanted to see. Sprinklr leaves shareholders drenched Elsewhere, shares of Sprinklr plunged more than 30% in the opening minutes of trading on Thursday. See the 10 stocks *Stock Advisor returns as of December 4, 2023 Dan Caplinger has no position in any of the stocks mentioned.
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bb42c8e0-a29d-4d91-acc9-c16608cb5490
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714029.0
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2023-12-07 00:00:00 UTC
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5 Stocks to Buy From a Thriving Building Products Industry
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DCOMP
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https://www.nasdaq.com/articles/5-stocks-to-buy-from-a-thriving-building-products-industry
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nan
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nan
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Increased government infrastructure spending is bolstering companies in the Zacks Building Products - Miscellaneous industry. Although potential challenges like macroeconomic uncertainties, new product investments, and rising raw material costs could squeeze margins, firms such as TopBuild Corp. BLD, Knife River Corporation KNF, Frontdoor, Inc. FTDR, Gibraltar Industries, Inc. (ROCK), and Installed Building Products, Inc. (IBP) stand to gain from increased repair and remodeling (R&R) projects, operational excellence, geographic and product diversification strategies, strategic acquisitions, and higher infrastructure investments.
Industry Description
The Zacks Building Products - Miscellaneous industry primarily comprises manufacturers, designers and distributors of home improvement and building products like ceiling systems, doors, windows, flooring and metal products. Some industry players provide solutions to rehabilitate the aging infrastructure, primarily pipelines in the wastewater, water, energy, mining and refining industries. The companies also manufacture expansion joints and structural bearings, ventilation products, ground-mounted solar racking and commercial greenhouses, as well as mail storage (solutions including mailboxes along with package delivery products). Companies in this industrial cohort also rent out equipment to a diverse customer base, including construction and industrial companies, manufacturers, utilities, municipalities, homeowners and government entities.
3 Trends Shaping the Future of the Building Products Industry
U.S. Administration’s Infrastructural Spending & Improving Residential Market: The industry players are expected to benefit from strong global trends in infrastructure modernization, energy transition, national security and a potential super-cycle in global supply-chain investments. The U.S. administration’s endeavor to rebuild the nation’s deteriorating roads and bridges and fund new climate-resilient and broadband initiatives is expected to aid the companies. Meanwhile, as the industry players’ business prospects are highly correlated with U.S. housing market conditions and the R&R activity, solid momentum in the R&R markets and improving residential construction markets are expected to drive growth. Builders are now cautiously optimistic for 2024 as the lack of existing inventory is shifting demand to the new home market, thereby driving the demand for companies’ products in the industry.
Operational Excellence, Product Innovation & Acquisitions: The industry participants have been undertaking strong cost-saving initiatives like business consolidation, system implementations, plant/branch closures, improvement in the global supply chain and headcount reductions to boost profitability. Industry participants have also been strategically investing in new products, sales and support services, digitally enabled solutions and advanced manufacturing capabilities to boost revenues. The companies are also following a systematic acquisition strategy to supplement organic growth and expand access to additional markets and products.
Inflationary Woes: Inflationary headwinds with respect to transportation costs, material costs and energy costs have been a pressing concern. Also, rising labor costs are compressing margins. These are dampening the companies’ operating performance. Rising costs related to steel, asphalt, resin and other input materials are also hurting margins. Although the industry participants have been working to recover higher costs through various price increases, they expect this ongoing volatility in material and transportation costs to be a concern.
Apart from higher raw material costs, the companies bear expenses related to product launches. If companies are unable to offset these costs through price increases or supply-chain initiatives, their profits may be affected.
Zacks Industry Rank Indicates Bright Prospects
The Zacks Building Products – Miscellaneous industry is a 25-stock group within the broader Zacks Construction sector. The industry currently carries a Zacks Industry Rank #65, which places it in the top 26% 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 positive 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 higher earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are gradually gaining confidence in this group’s earnings growth potential. Since October 2023, the industry’s earnings estimates for 2023 and 2024 have been revised upward to $4.26 and $4.60 per share from $4.17 and $4.59, respectively.
Before we present a few stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock-market performance and valuation picture.
Industry Outperforms Sector, S&P 500
The Zacks Building Products – Miscellaneous industry has outperformed the broader Zacks Construction sector and the Zacks S&P 500 composite over the past year.
Over this period, the industry has rallied 36% compared with the broader sector’s 31% rise. Meanwhile, the Zacks S&P 500 composite has jumped 15.7% over the same period.
One-Year Price Performance
Industry's Current Valuation
On the basis of the forward 12-month price to earnings, which is a commonly used multiple for valuing building products’ stocks, the industry is trading at 14.5X versus the S&P 500’s 19.2X and the sector’s 15.3X.
Over the past five years, the industry has traded as high as 19.8X, as low as 6.9X and at a median of 14.4X, as the chart below shows.
Industry’s P/E Ratio (Forward 12-Month) Versus S&P 500
5 Building Product Stocks to Buy Now
We have selected five stocks from the Zacks universe of building products that currently carry a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Frontdoor: Based in Memphis, TN, the company provides home service plans in the United States. The company is benefiting from impressive customer retention rates. Thanks to the robust awareness of the Frontdoor brand, it has been shifting its attention toward capitalizing on customer demand. This strategic move allows FTDR to redirect its marketing investments toward expanding its Direct-to-Consumer channel under the American Home Shield brand. Looking ahead, the company is committed to establishing a solid foundation by investing in its brand, technology infrastructure and enhancing productivity throughout the organization.
Frontdoor, a Zacks Rank #1 stock, has gained 68.2% year to date (YTD), outperforming the industry’s 40.3% rise. FTDR has seen an upward estimate revision of 23% and 23.8% for 2023 and 2024 earnings over the past 60 days to $2.03 per share and $2.34 per share, respectively. The estimated figure indicates 59.8% and 15.1% year-over-year growth for 2023 and 2024, respectively. The company’s earnings surpassed the Zacks Consensus Estimate in all the trailing four quarters, the average being 163.7%.
Price and Consensus: FTDR
Knife River: Headquartered in Bismarck, ND, this firm offers construction materials and contracting services throughout the United States, specializing in aggregates-based solutions. Knife River has effectively implemented its EDGE plan to enhance Adjusted EBITDA margins and achieve strategic objectives. A crucial component of this strategy involves optimizing pricing to fully capture the value of core products, including aggregates, ready-mix concrete, asphalt, and contracting services. The company has adopted a more judicious approach in selecting higher-margin projects within its contracting services division. Despite challenges, Knife River maintains a positive outlook on the long-term market strength, anticipating favorable impacts from local, state, and federal funding.
Knife River, a Zacks Rank #1 stock, has gained 75.1% since its inception on May 25, outperforming the industry’s 26% jump. KNF has seen an upward estimate revision of 30.2% and 22.1% for 2023 and 2024 earnings over the past 30 days to $3.15 per share and $3.48 per share, respectively. The company’s earnings surpassed the Zacks Consensus Estimate in the last reported quarter by 41%. It currently holds a VGM Score of A. This helps to identify stocks with the most attractive value, growth and momentum.
Price and Consensus: KNF
TopBuild: Headquartered in Daytona Beach, FL, TopBuild is an installer and distributor of insulation and other building products. The company is experiencing significant advantages due to a strong installation business and well-planned acquisitions. Additionally, improvements in operational efficiency, leveraging fixed costs, and implementing measures to mitigate inflation are all contributing to an increase in profit margins.
TopBuild, a Zacks Rank #2 stock, has gained 101.8% YTD. BLD has seen an upward estimate revision of 2.5% and 2.7% for 2023 and 2024 earnings over the past 30 days to $19.51 per share and $20.40 per share, respectively. The estimated figure indicates 14% and 4.6% year-over-year growth for 2023 and 2024, respectively. The company’s earnings surpassed the Zacks Consensus Estimate in all the trailing four quarters, the average being 14.3%. It currently holds a VGM Score of A.
Price and Consensus: BLD
Gibraltar Industries: Buffalo, NY-based Gibraltar manufactures and distributes products to the industrial and buildings market. The company is well-positioned to capitalize on its robust Three-Pillar growth strategy and the promising prospects of its Infrastructure segment. Furthermore, factors such as enhanced solar module supply, greater volume, supply-chain optimization efforts, cost alignment, improved field operations efficiency, business diversification, and the successful implementation of the 80/20 initiatives are all contributing positively to its outlook.
Gibraltar, a Zacks Rank #2 stock, has gained 51.7% YTD. ROCK has seen an upward estimate revision of 4% and 2.7% for 2023 and 2024 earnings over the past 30 days to $4.13 per share and $4.63 per share, respectively. The estimated figure indicates 21.5% and 12.1% year-over-year growth for 2023 and 2024, respectively. The company’s earnings surpassed the Zacks Consensus Estimate in all the trailing four quarters, the average being 14.8%. It currently holds a VGM Score of A.
Price and Consensus: ROCK
Installed Building Products: This Columbus, OH-based company is one of the nation's leading new residential insulation installers and a diversified installer of complementary building products. The company is poised to gain from favorable pricing strategies, geographic and product diversification strategies, as well as solid acquisitions despite the cyclicality of the U.S. housing market. IBP continues to prioritize profitable growth through its proven strategy of acquiring well-run installers of insulation and complementary building products.
Installed Building, a Zacks Rank #2 stock, has gained 87.4% YTD. IBP has seen an upward estimate revision of 2.9% and 5.8% for 2023 and 2024 earnings over the past 30 days to $10.00 per share and $10.81 per share, respectively. The estimated figure indicates 11.7% and 8.1% year-over-year growth for 2023 and 2024, respectively. The company’s earnings surpassed the Zacks Consensus Estimate in three of the trailing four quarters and missed on one occasion, the average being 7.3%. It currently holds a VGM Score of A.
Price and Consensus: IBP
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TopBuild Corp. (BLD) : Free Stock Analysis Report
Gibraltar Industries, Inc. (ROCK) : Free Stock Analysis Report
Installed Building Products, Inc. (IBP) : Free Stock Analysis Report
Frontdoor Inc. (FTDR) : Free Stock Analysis Report
Knife River Corporation (KNF) : 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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Operational Excellence, Product Innovation & Acquisitions: The industry participants have been undertaking strong cost-saving initiatives like business consolidation, system implementations, plant/branch closures, improvement in the global supply chain and headcount reductions to boost profitability. A crucial component of this strategy involves optimizing pricing to fully capture the value of core products, including aggregates, ready-mix concrete, asphalt, and contracting services. Furthermore, factors such as enhanced solar module supply, greater volume, supply-chain optimization efforts, cost alignment, improved field operations efficiency, business diversification, and the successful implementation of the 80/20 initiatives are all contributing positively to its outlook.
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Although potential challenges like macroeconomic uncertainties, new product investments, and rising raw material costs could squeeze margins, firms such as TopBuild Corp. BLD, Knife River Corporation KNF, Frontdoor, Inc. FTDR, Gibraltar Industries, Inc. (ROCK), and Installed Building Products, Inc. (IBP) stand to gain from increased repair and remodeling (R&R) projects, operational excellence, geographic and product diversification strategies, strategic acquisitions, and higher infrastructure investments. 3 Trends Shaping the Future of the Building Products Industry U.S. Administration’s Infrastructural Spending & Improving Residential Market: The industry players are expected to benefit from strong global trends in infrastructure modernization, energy transition, national security and a potential super-cycle in global supply-chain investments. Click to get this free report TopBuild Corp. (BLD) : Free Stock Analysis Report Gibraltar Industries, Inc. (ROCK) : Free Stock Analysis Report Installed Building Products, Inc. (IBP) : Free Stock Analysis Report Frontdoor Inc. (FTDR) : Free Stock Analysis Report Knife River Corporation (KNF) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Although potential challenges like macroeconomic uncertainties, new product investments, and rising raw material costs could squeeze margins, firms such as TopBuild Corp. BLD, Knife River Corporation KNF, Frontdoor, Inc. FTDR, Gibraltar Industries, Inc. (ROCK), and Installed Building Products, Inc. (IBP) stand to gain from increased repair and remodeling (R&R) projects, operational excellence, geographic and product diversification strategies, strategic acquisitions, and higher infrastructure investments. Industry Outperforms Sector, S&P 500 The Zacks Building Products – Miscellaneous industry has outperformed the broader Zacks Construction sector and the Zacks S&P 500 composite over the past year. Click to get this free report TopBuild Corp. (BLD) : Free Stock Analysis Report Gibraltar Industries, Inc. (ROCK) : Free Stock Analysis Report Installed Building Products, Inc. (IBP) : Free Stock Analysis Report Frontdoor Inc. (FTDR) : Free Stock Analysis Report Knife River Corporation (KNF) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Although potential challenges like macroeconomic uncertainties, new product investments, and rising raw material costs could squeeze margins, firms such as TopBuild Corp. BLD, Knife River Corporation KNF, Frontdoor, Inc. FTDR, Gibraltar Industries, Inc. (ROCK), and Installed Building Products, Inc. (IBP) stand to gain from increased repair and remodeling (R&R) projects, operational excellence, geographic and product diversification strategies, strategic acquisitions, and higher infrastructure investments. Knife River, a Zacks Rank #1 stock, has gained 75.1% since its inception on May 25, outperforming the industry’s 26% jump. Installed Building, a Zacks Rank #2 stock, has gained 87.4% YTD.
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2023-12-07 00:00:00 UTC
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Greif (GEF) Q4 Earnings Beat Estimates, Revenues Down Y/Y
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https://www.nasdaq.com/articles/greif-gef-q4-earnings-beat-estimates-revenues-down-y-y
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Greif, Inc. GEF reported adjusted earnings per share (EPS) of $1.56 for the fourth quarter of fiscal 2023, beating the Zacks Consensus Estimate of $1.30. However, the bottom line decreased 15% year over year.
Including one-time items, EPS was $1.16 in the quarter compared with $1.67 in the prior-year quarter.
Greif, Inc. Price, Consensus and EPS Surprise
Greif, Inc. price-consensus-eps-surprise-chart | Greif, Inc. Quote
Operational Update
Sales were down 12.5% year over year to $1,308 million. The top line missed the Zacks Consensus Estimate of $1,311 million.
The cost of sales was down 12.9% year over year to $1,033 million. The gross profit amounted to $276 million, down 11.1% from the prior-year quarter’s levels. The gross margin came in at 21.1%, up from last year’s 20.7%.
SG&A expenses came in at $137 million compared with the prior-year quarter’s $140 million. Adjusted EBITDA decreased 8.9% year over year to $199 million in the fiscal fourth quarter.
Segmental Performance
Sales in the Global Industrial Packaging segment were $721 million, lower than the prior-year quarter’s $825 million, due to lower volumes and average selling prices. Our model had projected revenues of $735 million for the quarter. The segment’s adjusted EBITDA amounted to $104 million compared with the year-ago quarter’s $96 million. The reported figure missed our estimate of $105 million.
The Paper Packaging segment’s sales fell 12.6% year over year to $582 million in the fiscal fourth quarter due to a decline in volumes and lower selling prices. The figure surpassed our estimated sales of $572 million. The segment’s adjusted EBITDA moved down to $92.5 million from the prior-year quarter’s $121 million. We projected the segment’s adjusted EBITDA to be $87 million.
The Land Management segment’s sales totaled $5.8 million in the reported quarter compared with $5.3 million in the year-ago quarter. We projected the segment's sales to be $5.1 million in the quarter. Adjusted EBITDA was $2.5 million compared with the year-earlier quarter’s $2 million. Our projection for the quarter’s adjusted EBITDA was $2 million.
Financial Position
Greif reported cash and cash equivalents of $181 million at the end of fiscal 2023 compared with $147 million at the end of fiscal 2022. Cash flow from operating activities totaled $650 million in fiscal 2023 compared with $658 million in the prior fiscal.
Long-term debt amounted to $2.12 billion as of Oct 31, 2023 compared with $18 billion as of Oct 31, 2022.
On Dec 5, Greif’s board announced a quarterly cash dividend of 52 cents per share of Class A Common Stock and 77 cents per share of Class B Common Stock. The dividend will be paid out on Jan 1, 2024, to shareholders of record at the close of the business as of Dec 18, 2022. In fiscal 2023, GEF paid stockholders a record $116.5 million in cash dividends.
Fiscal 2023 Performance
Adjusted EPS for fiscal 2023 came in at $6.14, missing the Zacks Consensus Estimate of $8.03. The bottom line fell 22% from fiscal 2022. Including one-time items, EPS was $6.15 in fiscal 2023 compared with $6.30 in the prior fiscal.
Total revenues for fiscal year 2023 came in at $5.2 billion compared with $6.3 billion reported in fiscal 2022. The top line came in line with the Zacks Consensus Estimate.
Outlook
Greif expects the low end of fiscal 2024 adjusted free cash flow to be $200 million. The low end of adjusted EBITDA is anticipated to be $585 million.
Price Performance
Greif shares have risen 3.6% in a year against the industry’s decline of 1.1%.
Image Source: Zacks Investment Research
Zacks Rank & Other Stocks to Consider
Greif currently carries a Zacks Rank #2 (Buy).
Some other top-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 each carry a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Crane Company’s 2023 EPS is pegged at $4.18. The consensus estimate for 2023 earnings has remained unchanged in the past 60 days. The company has a trailing four-quarter average earnings surprise of 29.8%. Shares of CR 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 pegged at $9.43 per share, which indicates year-over-year growth of 7.8%. Earnings estimates have moved up 4% in the past 60 days. The company’s shares have rallied 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 risen 29.4% in a year.
Only $1 to See All Zacks' Buys and Sells
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Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
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A. O. Smith Corporation (AOS) : Free Stock Analysis Report
Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report
Greif, Inc. (GEF) : Free Stock Analysis Report
Crane Company (CR) : 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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Greif, Inc. GEF reported adjusted earnings per share (EPS) of $1.56 for the fourth quarter of fiscal 2023, beating the Zacks Consensus Estimate of $1.30. Outlook Greif expects the low end of fiscal 2024 adjusted free cash flow to be $200 million. The consensus estimate for 2023 earnings has moved 5% north in the past 60 days and suggests year-over-year growth of 20.1%.
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Segmental Performance Sales in the Global Industrial Packaging segment were $721 million, lower than the prior-year quarter’s $825 million, due to lower volumes and average selling prices. The Paper Packaging segment’s sales fell 12.6% year over year to $582 million in the fiscal fourth quarter due to a decline in volumes and lower selling prices. Click to get this free report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report Greif, Inc. (GEF) : Free Stock Analysis Report Crane Company (CR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Greif, Inc. GEF reported adjusted earnings per share (EPS) of $1.56 for the fourth quarter of fiscal 2023, beating the Zacks Consensus Estimate of $1.30. Financial Position Greif reported cash and cash equivalents of $181 million at the end of fiscal 2023 compared with $147 million at the end of fiscal 2022. Click to get this free report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report Greif, Inc. (GEF) : Free Stock Analysis Report Crane Company (CR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Greif, Inc. GEF reported adjusted earnings per share (EPS) of $1.56 for the fourth quarter of fiscal 2023, beating the Zacks Consensus Estimate of $1.30. Fiscal 2023 Performance Adjusted EPS for fiscal 2023 came in at $6.14, missing the Zacks Consensus Estimate of $8.03. Total revenues for fiscal year 2023 came in at $5.2 billion compared with $6.3 billion reported in fiscal 2022.
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d64c4093-8699-4511-945a-4588898648ce
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2023-12-07 00:00:00 UTC
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Why Genuine Parts (GPC) is a Top Growth Stock for the Long-Term
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DCOMP
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https://www.nasdaq.com/articles/why-genuine-parts-gpc-is-a-top-growth-stock-for-the-long-term-0
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It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
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 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.
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 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.
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: Genuine Parts (GPC)
Atlanta-based Genuine Parts distributes automotive and industrial replacement parts and materials. As of Dec 31, 2022, the company had a network of more than 10,600 locations across 17 countries and employed approximately 58,000 people worldwide. Currently, Genuine Parts operates through two segments: Automotive Parts and Industrial Parts.
GPC 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. GPC has a Growth Style Score of B, forecasting year-over-year earnings growth of 11.3% for the current fiscal year.
Seven analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.03 to $9.28 per share. GPC boasts an average earnings surprise of 5.6%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, GPC should be on investors' short list.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
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
Genuine Parts Company (GPC) : 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. 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 research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. How Style Scores Work with the Zacks Rank The Zacks Rank, 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 Genuine Parts Company (GPC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. How Style Scores Work with the Zacks Rank The Zacks Rank, 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.
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What are the Zacks Style Scores? 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. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B.
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8772fb80-f0dc-4b84-9f9c-afdeb1c80531
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714032.0
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2023-12-07 00:00:00 UTC
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Why This 1 Momentum Stock Could Be a Great Addition to Your Portfolio
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DCOMP
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https://www.nasdaq.com/articles/why-this-1-momentum-stock-could-be-a-great-addition-to-your-portfolio-227
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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.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores?
The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value Score
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
If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
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: Datadog (DDOG)
Datadog is a monitoring and analytics platform for developers, IT operations teams and business users in the cloud age. The company’s business runs around its portfolio of over 400 out-of-the-box integrations including public cloud, private cloud, on-premise hardware, databases and third-party software.
DDOG 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. DDOG has a Momentum Style Score of A, and shares are up 14.3% over the past four weeks.
For fiscal 2023, 14 analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.21 to $1.53 per share. DDOG boasts an average earnings surprise of 28.6%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, DDOG should be on investors' short list.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
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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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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks. 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.
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Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days. Momentum Score Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend."
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Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days. 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.
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The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days. That's where the Style Scores come in. DDOG is a #2 (Buy) on the Zacks Rank, with a VGM Score of B.
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2023-12-07 00:00:00 UTC
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Are You a Growth Investor? This 1 Stock Could Be the Perfect Pick
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https://www.nasdaq.com/articles/are-you-a-growth-investor-this-1-stock-could-be-the-perfect-pick-349
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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?
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
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 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.
#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.
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: Ametek (AME)
AMETEK, located in Berwyn, PA, is one of the leading manufacturers of electronic appliances and electromechanical devices. AMETEK has more than 120 operating sites all over the world.
AME 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. AME has a Growth Style Score of B, forecasting year-over-year earnings growth of 11.4% for the current fiscal year.
Eight analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.07 to $6.33 per share. AME boasts an average earnings surprise of 4%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, AME should be on investors' short list.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
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
AMETEK, Inc. (AME) : 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. 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. #1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame.
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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 AMETEK, Inc. (AME) : 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. 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 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.
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What are the Zacks Style Scores? However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day. AME has a Growth Style Score of B, forecasting year-over-year earnings growth of 11.4% for the current fiscal year.
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714034.0
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2023-12-07 00:00:00 UTC
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Agilent (A) Enhances BioTek Cytation C10 With New Technology
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https://www.nasdaq.com/articles/agilent-a-enhances-biotek-cytation-c10-with-new-technology
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Agilent Technologies A is enhancing its BioTek product line on the back of portfolio expansions and technology upgrades.
Notably, Agilent enhanced the BioTek Cytation C10 confocal imaging reader with the addition of water immersion and confocal spinning disk technology.
Further, the water immersion technology can be used in light microscopy to increase numerical aperture, reduce z-axis distortion, and improve image quality by placing water between the objective lens and sample.
Additionally, the technology aids researchers in reducing exposure times in live-cell applications, thereby reducing the traditional phototoxic effects associated with these experiments.
Moreover, this addition offers a deep-sectioning spinning disk technology, enhancing microscopic images by blocking out-of-focus light, resulting in clearer, more quantitative results.
Agilent is anticipated to gain significant traction among researchers utilizing live-cell and 3D applications on the back of its latest move.
Agilent Technologies, Inc. Price and Consensus
Agilent Technologies, Inc. price-consensus-chart | Agilent Technologies, Inc. Quote
Growth Prospects
The latest move positions the company well to strengthen its footing in the global microplate reader and live cell imaging markets.
Per a Grand View Research report, the global microplate reader market is expected to grow at a CAGR of 7.6% during the forecast period 2023-2030.
A Mordor Intelligence report indicates the global live cell imaging market size will reach $2.95 billion by 2028, exhibiting a CAGR of 7.06% between 2023 and 2028.
We believe the company’s solid prospects in these promising markets are expected to instill investor optimism in the stock.
However, the company has been suffering from macroeconomic uncertainties, weak momentum in China, rising inflationary pressure and geo-political tensions.
Agilent has lost 13.9% in the year-to-date period against the industry’s growth of 0.9%.
ACG Segment in Focus
The latest move bodes well for the company’s growing efforts toward bolstering its Agilent CrossLab Group (ACG) segment.
Notably, Agilent Technologies launched Gen6 software for all Agilent BioTek detection instruments, offering automated optimization tools and improved navigation through built-in data analysis functions.
Further, the company introduced the Agilent BioTek 406 FX washer dispenser, a compact tool that combines reagent dispensing and plate-washing, suitable for automated systems and benchtop use.
All the abovementioned endeavors are likely to aid the performance of the ACG segment in the days ahead.
In fourth-quarter fiscal 2023, the ACG segment revenues increased 6% year over year to $404 million, accounting for 24% of total revenues.
Our model projects fiscal 2024 ACG segment revenues at $1.64 billion, indicating growth of 4.7% from 2022.
Strong momentum in the underlined segment will likely aid its overall financial performance in the upcoming period.
Zacks Rank & Stocks to Consider
Currently, Agilent carries a Zacks Rank #4 (Sell).
Some better-ranked stocks in the broader technology sector are Badger Meter BMI, Arista Networks ANET and Adobe ADBE. While Badger Meter currently sports a Zacks Rank #1 (Strong Buy), Arista Networks and Adobe carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Badger Meter have gained 37.8% in the year-to-date period. BMI’s long-term earnings growth rate is currently projected at 20.39%.
Shares of Arista Networks have surged 75.9% in the year-to-date period. The long-term earnings growth rate for ANET is currently projected at 19.77%.
Shares of Adobe have gained 84.3% in the year-to-date period. ADBE’s long-term earnings growth rate is currently projected at 13.54%.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
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
Badger Meter, Inc. (BMI) : Free Stock Analysis Report
Agilent Technologies, Inc. (A) : Free Stock Analysis Report
Adobe Inc. (ADBE) : Free Stock Analysis Report
Arista Networks, Inc. (ANET) : 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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Per a Grand View Research report, the global microplate reader market is expected to grow at a CAGR of 7.6% during the forecast period 2023-2030. A Mordor Intelligence report indicates the global live cell imaging market size will reach $2.95 billion by 2028, exhibiting a CAGR of 7.06% between 2023 and 2028. Some better-ranked stocks in the broader technology sector are Badger Meter BMI, Arista Networks ANET and Adobe ADBE.
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Notably, Agilent enhanced the BioTek Cytation C10 confocal imaging reader with the addition of water immersion and confocal spinning disk technology. While Badger Meter currently sports a Zacks Rank #1 (Strong Buy), Arista Networks and Adobe carry a Zacks Rank #2 (Buy) at present. Click to get this free report Badger Meter, Inc. (BMI) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Adobe Inc. (ADBE) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Agilent Technologies, Inc. Price and Consensus Agilent Technologies, Inc. price-consensus-chart | Agilent Technologies, Inc. Quote Growth Prospects The latest move positions the company well to strengthen its footing in the global microplate reader and live cell imaging markets. Zacks Rank & Stocks to Consider Currently, Agilent carries a Zacks Rank #4 (Sell). Click to get this free report Badger Meter, Inc. (BMI) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Adobe Inc. (ADBE) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Notably, Agilent enhanced the BioTek Cytation C10 confocal imaging reader with the addition of water immersion and confocal spinning disk technology. Agilent Technologies, Inc. Price and Consensus Agilent Technologies, Inc. price-consensus-chart | Agilent Technologies, Inc. Quote Growth Prospects The latest move positions the company well to strengthen its footing in the global microplate reader and live cell imaging markets. All the abovementioned endeavors are likely to aid the performance of the ACG segment in the days ahead.
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2023-12-07 00:00:00 UTC
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Will Palantir Technologies Be Worth More Than Nvidia by 2030?
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DCOMP
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https://www.nasdaq.com/articles/will-palantir-technologies-be-worth-more-than-nvidia-by-2030
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Artificial intelligence (AI) is here, and the stocks leading this nascent industry have electrified portfolios this year. Two prime examples are Palantir Technologies (NYSE: PLTR), up 180% since January, and Nvidia (NASDAQ: NVDA), up 210%.
That's how the two stocks have done in the recent past, but investing is about looking to the years ahead. Nvidia is now one of the world's largest companies, worth $1.1 trillion. Palantir, worth $40 billion, is building momentum, picking up new business from the government and private sector.
Which is the better investment moving forward? Could Palantir be worth more than Nvidia by 2030? Here is what you need to know.
Palantir is heating up
Palantir is a software company that sells data analytics software that can utilize AI models, identify trends in large data pools, and aid strategic decision-making.
Rising interest rates have pressured spending across the corporate world, which may have slowed Palantir's revenue growth over the past 24 months. However, things are beginning to accelerate again. Revenue growth bottomed midway through the year but rebounded to nearly 17% year-over-year growth in the third quarter. Palantir's customer count as of Q3 is 37% higher year over year and 12% higher quarter over quarter. In other words, Palantir is winning more customers faster, which bodes well for future revenue growth.
PLTR Revenue (Quarterly YoY Growth) data by YCharts
The company recently won a massive $412 million contract with England's public healthcare system, which should further bolster growth over the next several years. Palantir's financials are also turning the corner; it's now consistently profitable under generally accepted accounting principles (GAAP), and analysts expect that to continue. Earnings could grow at an estimated 72% annually over the long term.
Nvidia's impressive AI lead
Nvidia has an excellent reputation for its high-performance GPU chips. Still, few could have predicted the massive boost artificial intelligence would give its business this year. Revenue growth accelerated to over 200%, a blistering pace that surely won't last but has infused lots of new cash into the business. Free cash flow over the past year is now at $17.5 billion.
Companies have overwhelmingly looked to Nvidia for their AI chips, giving it an estimated 80% market share. It's an early lead, and there's a good chance competition will turn up the pressure, but it's clear Nvidia is on higher ground than the field.
NVDA Revenue (Quarterly YoY Growth) data by YCharts
Growth from AI raised expectations of the company from analysts, who now estimate a 39% annual earnings growth rate. That's remarkable for a company already as large as Nvidia.
Can Palantir catch Nvidia?
It's important to understand just how large Nvidia has become in such a short amount of time. The company's market cap has added more than $500 billion in value over the past year, more than 10 times what Palantir is worth today.
Palantir's smaller size does help it grow faster, but looking for a more than 20-fold increase from Palantir over the next decade is asking a lot. Earnings could grow by 50% annually for 10 years, and the resulting $8.5 billion in net income at a 30 times P/E ratio would value Palantir at $255 billion, still a fraction of what Nvidia is worth today (not considering Nvidia's future growth).
PLTR Market Cap data by YCharts
But Palantir remaining smaller than Nvidia isn't a loss for investors. Palantir's expected earnings growth is stellar, and the stock's current forward P/E of 73 creates a PEG ratio of just 1, meaning the stock is a great price for the growth you could get.
No, Palantir probably won't catch Nvidia, but you can buy and hold the stock anyway.
10 stocks we like better than Palantir Technologies
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They just revealed what they believe are the ten best stocks for investors to buy right now... and Palantir Technologies wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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Justin Pope has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia and Palantir Technologies. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Rising interest rates have pressured spending across the corporate world, which may have slowed Palantir's revenue growth over the past 24 months. Palantir's financials are also turning the corner; it's now consistently profitable under generally accepted accounting principles (GAAP), and analysts expect that to continue. It's an early lead, and there's a good chance competition will turn up the pressure, but it's clear Nvidia is on higher ground than the field.
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PLTR Revenue (Quarterly YoY Growth) data by YCharts The company recently won a massive $412 million contract with England's public healthcare system, which should further bolster growth over the next several years. NVDA Revenue (Quarterly YoY Growth) data by YCharts Growth from AI raised expectations of the company from analysts, who now estimate a 39% annual earnings growth rate. PLTR Market Cap data by YCharts But Palantir remaining smaller than Nvidia isn't a loss for investors.
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NVDA Revenue (Quarterly YoY Growth) data by YCharts Growth from AI raised expectations of the company from analysts, who now estimate a 39% annual earnings growth rate. Earnings could grow by 50% annually for 10 years, and the resulting $8.5 billion in net income at a 30 times P/E ratio would value Palantir at $255 billion, still a fraction of what Nvidia is worth today (not considering Nvidia's future growth). Palantir's expected earnings growth is stellar, and the stock's current forward P/E of 73 creates a PEG ratio of just 1, meaning the stock is a great price for the growth you could get.
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NVDA Revenue (Quarterly YoY Growth) data by YCharts Growth from AI raised expectations of the company from analysts, who now estimate a 39% annual earnings growth rate. Earnings could grow by 50% annually for 10 years, and the resulting $8.5 billion in net income at a 30 times P/E ratio would value Palantir at $255 billion, still a fraction of what Nvidia is worth today (not considering Nvidia's future growth). The Motley Fool has positions in and recommends Nvidia and Palantir Technologies.
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2023-12-07 00:00:00 UTC
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The Next Bitcoin Halving Is Coming! 3 Crypto Stocks to Reap the Most Rewards.
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https://www.nasdaq.com/articles/the-next-bitcoin-halving-is-coming-3-crypto-stocks-to-reap-the-most-rewards.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
If history is any guide, the crypto market is poised for a major rally in the months leading up to the next Bitcoin (BTC-USD) halving event. As we approach the new year, speculators could push up the prices of cryptocurrencies, benefiting traditional stocks with crypto exposure. In the past, crypto stocks appreciated in the months leading up and after Bitcoin halvings.
The first Bitcoin halving occurred in 2012 when mining rewards halved from 50 BTC per block to 25. In fact, the Bitcoin halving occurs in 4-year cycles to help maintain scarcity and counteract inflation by cutting miner rewards. Following the Bitcoin halving of 2024, the next cycle will see the block reward for miners fall from 6.25 BTC to 3.125 BTC.
The upcoming Bitcoin halving event is estimated to occur in April or May 2024. It presents a golden opportunity for savvy investors to capitalize on the likely appreciation of crypto stocks.
To position a portfolio for maximum gains around the next Bitcoin halving, these three crypto stocks tied to blockchain technology are poised to reap the most rewards.
Riot Blockchain (RIOT)
Source: rafapress / Shutterstock.com
As the next Bitcoin halving approaches, efficiency will be the key to the drop in mining rewards from the Bitcoin halving. Riot Blockchain (NASDAQ:RIOT), one of the largest crypto miners in the world, is leading the low-cost mining of Bitcoins.
RIOT recently invested $162.9 million to triple its mining capacity ahead of the Bitcoin halving event. The company acquired 33,280 “next-generation” Bitcoin miners in June and should be able to maintain and even increase its Bitcoin production.
The company mined 1,100 BTC in the third quarter, producing revenue of $51.9 million. At the time of reporting, it had around $290 million in cash, with over 7,300 BTC in its cryptocurrency wallets (worth around $275 million). RIOT even saw its adjusted EBITDA soaring 7-fold to $31.6 million from $4.3 million last year and is well-positioned to benefit from the upcoming halving.
Coinbase (COIN)
Source: OpturaDesign / Shutterstock.com
Crypto exchange Coinbase (NASDAQ:COIN) also tends to rally around the Bitcoin halving events. Although it doesn’t mine BTC, it provides technology and financial infrastructure for the crypto economy. More specifically, it provides a marketplace and a liquidity pool to maintain crypto transactions for individuals and institutions.
As BTC rises before and after the Bitcoin halving, Coinbase’s transaction fees, a percentage of trade volumes, should also increase. Since the company earns money on every trade, it implies higher revenue and profits, making Coinbase a smart crypto stock proxy play.
The company has $5.5 billion in cash, and in its third-quarter earnings report, it raised its outlook for adjusted EBITDA for the full year. Its net revenue saw sustained growth over the last year, rising from $576 million to $623 million in the third quarter.
Interactive Brokers (IBKR)
Source: 0pen / Shutterstock.com
Interactive Brokers (NASDAQ:IBKR) is a global broker providing trading and exchange accounts for clients with exposure to cryptocurrencies. However, it also has its own futures trading desk to supply crypto derivatives to clients. Besides Bitcoin, the company provides financial services for other markets. Its diversified portfolio isn’t exclusively reliant on cryptocurrencies, making it a solid defensive play.
Additionally, IBKR launched a new product last year to allow customers to custody cryptocurrencies. And the company offered it in integration with traditional financial instruments in a single account. This innovative offering makes it simpler and more convenient for investors to gain cryptocurrency exposure. So, when the next wave of adoption begins, it should attract greater interest to IBKR’s platform.
IBRK trades at a P/E ratio of 28.8x, with a forward dividend yield of 0.5% and a market capitalization of $34.1 billion. Its latest report showed that it had $404 billion in client equity, up 27% from last year. Additionally, the company increased the number of clients holding accounts by 21% to 2.4 million last quarter, suggesting continued growth.
On the date of publication, Stavros Tousios did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Stavros Tousios, MBA, is the founder and chief analyst at Markets Untold. With expertise in FX, macros, equity analysis, and investment advisory, Stavros delivers investors strategic guidance and valuable insights.
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The post The Next Bitcoin Halving Is Coming! 3 Crypto Stocks to Reap the Most Rewards. 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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To position a portfolio for maximum gains around the next Bitcoin halving, these three crypto stocks tied to blockchain technology are poised to reap the most rewards. Since the company earns money on every trade, it implies higher revenue and profits, making Coinbase a smart crypto stock proxy play. With expertise in FX, macros, equity analysis, and investment advisory, Stavros delivers investors strategic guidance and valuable insights.
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To position a portfolio for maximum gains around the next Bitcoin halving, these three crypto stocks tied to blockchain technology are poised to reap the most rewards. Coinbase (COIN) Source: OpturaDesign / Shutterstock.com Crypto exchange Coinbase (NASDAQ:COIN) also tends to rally around the Bitcoin halving events. Interactive Brokers (IBKR) Source: 0pen / Shutterstock.com Interactive Brokers (NASDAQ:IBKR) is a global broker providing trading and exchange accounts for clients with exposure to cryptocurrencies.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips If history is any guide, the crypto market is poised for a major rally in the months leading up to the next Bitcoin (BTC-USD) halving event. The first Bitcoin halving occurred in 2012 when mining rewards halved from 50 BTC per block to 25. Riot Blockchain (RIOT) Source: rafapress / Shutterstock.com As the next Bitcoin halving approaches, efficiency will be the key to the drop in mining rewards from the Bitcoin halving.
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The first Bitcoin halving occurred in 2012 when mining rewards halved from 50 BTC per block to 25. RIOT even saw its adjusted EBITDA soaring 7-fold to $31.6 million from $4.3 million last year and is well-positioned to benefit from the upcoming halving. IBRK trades at a P/E ratio of 28.8x, with a forward dividend yield of 0.5% and a market capitalization of $34.1 billion.
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2023-12-07 00:00:00 UTC
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How Will AMD's New AI Chip Impact Nvidia's (NVDA) Stock?
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https://www.nasdaq.com/articles/how-will-amds-new-ai-chip-impact-nvidias-nvda-stock
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his morning, financial news channels are all giving extensive coverage to the event held yesterday by Advanced Micro Devices (AMD) to present their new MI300X microchip. The standard take is that it will take a lot of business away from Nvidia (NVDA), whose status as the lone supplier of chips suitable for developing AI platforms has been responsible for that stock posting gains of well over 200% this year. So, is the news good or bad for AMD, good or bad for NVDA, or some combination of those things?
Maybe it is just the arrogance of someone who has worked in and around financial markets for forty years or so, but I believe that if you want an answer as to how any news or development is going to impact a company, the best thing to do is to look at how its stock performs once the information becomes public. On that basis, AMD getting into the rapidly expanding market for AI capable chips isn’t necessarily bad news for NVDA. The development of the MI300X was first announced back in June. Since then, NVDA has continued to show gains.
The above chart shows the performance of NVDA (blue line) and AMD (green line) over the last six months. As you can see, the announcement that AMD was developing a chip to compete with Nvidia has not really held back NVDA, which has gained over 20% over the period, nor has it really helped AMD, which has been basically flat. One assumes that that is a result of skepticism from traders and investors about whether AMD’s offering would prove to be a real competitor to NVDA. Maybe, given the difficulty of developing and manufacturing these chips, there was even some doubt that AMD would actually be able to make something that was a serious competitor.
What we learned yesterday is that the development program has been a success, and that AMD believes that they have a decent product. That view was supported by the news that some big customers, such as Meta (META) and Microsoft (MSFT) have said that they would be open to using the MI300X. So, can we expect AMD to make rapid gains from here at the expense of NVDA?
That would definitely be the case if this were a zero sum game, but it isn’t. The market for AI capable chips is expanding so rapidly that there was never going to be only one manufacturer for any length of time. During the event the AMD CEO, Lisa Su, forecast that that market would reach in excess of $400 billion by 2027. If she is correct, competition for Nvidia was not just inevitable, but is actually necessary if demand is to be met.
The market knows this, of course, and has factored it into the current pricing of NVDA. Even if we assume that Su’s forecast is off by $100 billion, that still leaves a market of $300 billion in four years, and Nvidia’s revenue for fiscal year 2023 was just under $27 billion. That means even if the MI300X is wildly successful and grabs half the market, Nvidia’s revenue will still grow by around $123 billion by 2027. Using a more conservative number than the AMD CEO, there appears to still be plenty of upside for NVDA, that is currently trading at a forward P/E of 41.6 based on analysts’ estimates for 2024, and 25.1 for 2025.
AMD’s forward P/Es, at 60.8 and 40.4 for those years look a bit less attractive, but if the new generation of chips is even moderately successful, their revenue, which is currently roughly equal to NVDA’s, is about to enter a period of rapid growth, so the forecasts on which those numbers are based will prove to be underestimates and that stock, too, will have a big upside.
As I write on Thursday morning, it seems that traders agree with the view that the most important thing about yesterday’s event was Su’s bullish estimate of the growth in the market for AI capable chips, growth which leaves room for both AMD and NVDA to post further gains. You might think that what looks like a successful launch of a competitor’s product would hurt NVDA, but both stocks are up in early trading. That tells investors who trust the market to get it right most of the time all they need to know.
The views and 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 standard take is that it will take a lot of business away from Nvidia (NVDA), whose status as the lone supplier of chips suitable for developing AI platforms has been responsible for that stock posting gains of well over 200% this year. Maybe it is just the arrogance of someone who has worked in and around financial markets for forty years or so, but I believe that if you want an answer as to how any news or development is going to impact a company, the best thing to do is to look at how its stock performs once the information becomes public. AMD’s forward P/Es, at 60.8 and 40.4 for those years look a bit less attractive, but if the new generation of chips is even moderately successful, their revenue, which is currently roughly equal to NVDA’s, is about to enter a period of rapid growth, so the forecasts on which those numbers are based will prove to be underestimates and that stock, too, will have a big upside.
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On that basis, AMD getting into the rapidly expanding market for AI capable chips isn’t necessarily bad news for NVDA. Even if we assume that Su’s forecast is off by $100 billion, that still leaves a market of $300 billion in four years, and Nvidia’s revenue for fiscal year 2023 was just under $27 billion. As I write on Thursday morning, it seems that traders agree with the view that the most important thing about yesterday’s event was Su’s bullish estimate of the growth in the market for AI capable chips, growth which leaves room for both AMD and NVDA to post further gains.
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On that basis, AMD getting into the rapidly expanding market for AI capable chips isn’t necessarily bad news for NVDA. As you can see, the announcement that AMD was developing a chip to compete with Nvidia has not really held back NVDA, which has gained over 20% over the period, nor has it really helped AMD, which has been basically flat. As I write on Thursday morning, it seems that traders agree with the view that the most important thing about yesterday’s event was Su’s bullish estimate of the growth in the market for AI capable chips, growth which leaves room for both AMD and NVDA to post further gains.
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On that basis, AMD getting into the rapidly expanding market for AI capable chips isn’t necessarily bad news for NVDA. Maybe, given the difficulty of developing and manufacturing these chips, there was even some doubt that AMD would actually be able to make something that was a serious competitor. As I write on Thursday morning, it seems that traders agree with the view that the most important thing about yesterday’s event was Su’s bullish estimate of the growth in the market for AI capable chips, growth which leaves room for both AMD and NVDA to post further gains.
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2023-12-07 00:00:00 UTC
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3 Stocks That Could Join Apple, Microsoft, Alphabet, Amazon, and Nvidia in the Trillion-Dollar Club Next Year
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https://www.nasdaq.com/articles/3-stocks-that-could-join-apple-microsoft-alphabet-amazon-and-nvidia-in-the-trillion-dollar
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On Wall Street, there's nothing more exclusive than the trillion-dollar club. These are U.S. stocks that have achieved and maintained market capitalizations of $1 trillion or more. Currently, there are just five of these stocks:
Apple: The ubiquitous seller of smartphones and other consumer tech devices
Microsoft: The enterprise software kingpin
Alphabet: The owner of Google and YouTube
Amazon: The leader in e-commerce and cloud infrastructure
Nvidia: The leader in graphics processing units and chips used for artificial intelligence (AI)
While it's not easy to grow a company to a valuation of $1 trillion or greater, there's always the possibility that more new companies will join the club -- and three, in particular, could be knocking on the door in 2024. I'm talking about Meta Platforms (NASDAQ: META), Tesla (NASDAQ: TSLA), and Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B). Here's what it would take for each to get there.
Image source: Getty Images.
1. Meta Platforms: More than social media
Meta Platforms has been the comeback stock of the year, with shares of the Facebook parent more than tripling from their low in 2022. During its "Year of Efficiency," the company has cut costs through layoffs and office closures, driven profitability as new products like Reels start to mature, and benefited from the broader recovery in digital advertising, which has led its growth rate to accelerate over the year.
Meta currently has a market cap of $822 billion, meaning the stock price would have to increase by 22% next year to roughly $400 a share, assuming that its share count held steady. Considering the stock has more than doubled this year and its valuation is reasonable, that milestone is well within the company's reach.
In fact, Meta was already once a trillion-dollar company for a brief period in 2021, though it lost that status in the tech stock crash in 2022 as investors balked at its metaverse strategy when it invested heavily in its Reality Labs segment.
To get to the trillion-dollar mark again, any number of things could push Meta there. It launched its Quest 3 mixed-reality headset in October, and while early sales seem to be sluggish, strong sales during the holiday season would delight investors, showing that Reality Labs may not be a boondoggle after all. Additionally, progress in AI and cost controls in Reality Labs would help boost the stock, as would continued strength from its advertising business.
The analyst consensus currently calls for Meta to reach $17.39 in earnings per share. At a share price of $400, that would give the stock a price-to-earnings ratio of 23, which seems like a reasonable expectation if the company executes as promised.
2. Tesla: Pioneering EVs and building in AI
Tesla stock has also been a top performer this year, even as the underlying business has mostly struggled. Revenue growth has slowed, coming in at just 9% in the third quarter, and just 5% in automotive revenue growth. Profits are also falling, as margins have compressed while the company cuts prices to gain market share so its vehicles remain affordable to consumers who are struggling with rising interest rates.
Even as the business is facing headwinds, the stock has soared this year because Tesla is regarded as one of the leaders in AI. Its full self-driving technology has been in beta for years; Tesla is expected to eventually build a "robotaxi" that will ferry passengers in a specially designed driverless Tesla vehicle, and it's working on Optimus, the bipedal autonomous robot that can now do yoga, according to CEO Elon Musk.
Heading into 2024, the EV market appears to be weakening. Several other EV makers have cut back on production, and Musk has complained of softening demand and other challenges, due in part to high interest rates.
At a current market capitalization of $750 billion, Tesla stock would have to gain 33% next year to join the trillion-dollar club once again. (Like Meta, it was also briefly a member). Considering the weakness in the EV market, EV sales alone seem unlikely to get it there, but a breakthrough in AI could put it over the top, and potentially strong sales of the new Cybertruck could as well.
Tesla stock has a long history of volatility, so investors should expect the stock to swing next year, and it could easily go lower if EV prices keep falling.
3. Berkshire Hathaway: The empire that Buffett built
Unlike Meta or Tesla, Berkshire Hathaway is not a tech stock. Though its biggest stock holding is Apple, the bulk of the company's wholly owned subsidiaries are focused around insurance companies like GEICO, its BNSF railroad, and energy and utilities.
That recipe, combined with CEO Warren Buffett's eye for long-term value, has brought investors tremendous success, but it also means that Berkshire won't likely ever achieve the eye-popping growth that tech companies like the Magnificent Seven, which include the trillion-dollar club members, are capable of delivering.
Still, Berkshire currently has a market cap of $776 billion, meaning it's within striking distance of the trillion-dollar mark. To get there, its share price would have to increase by 29%, assuming that shares outstanding stay flat.
Since Berkshire is a conglomerate of diversified businesses, there's no single factor that would get it there. Instead, the most important input is the company's earnings multiple, which tends to expand in bull markets. If stocks rally in 2024, Berkshire is likely to follow suit, as a number of its businesses, like BNSF, are dependent on cyclical economic growth.
It certainly wouldn't be unheard of for Berkshire to gain 29% in a single year. The stock has done that 22 times in its history, most recently in 2021. If Berkshire doesn't get there next year, it will likely join the trillion-dollar club in the next few years.
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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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In fact, Meta was already once a trillion-dollar company for a brief period in 2021, though it lost that status in the tech stock crash in 2022 as investors balked at its metaverse strategy when it invested heavily in its Reality Labs segment. Profits are also falling, as margins have compressed while the company cuts prices to gain market share so its vehicles remain affordable to consumers who are struggling with rising interest rates. That recipe, combined with CEO Warren Buffett's eye for long-term value, has brought investors tremendous success, but it also means that Berkshire won't likely ever achieve the eye-popping growth that tech companies like the Magnificent Seven, which include the trillion-dollar club members, are capable of delivering.
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I'm talking about Meta Platforms (NASDAQ: META), Tesla (NASDAQ: TSLA), and Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B). 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. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Berkshire Hathaway, Meta Platforms, Microsoft, Nvidia, and Tesla.
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Meta Platforms: More than social media Meta Platforms has been the comeback stock of the year, with shares of the Facebook parent more than tripling from their low in 2022. Meta currently has a market cap of $822 billion, meaning the stock price would have to increase by 22% next year to roughly $400 a share, assuming that its share count held steady. Tesla stock has a long history of volatility, so investors should expect the stock to swing next year, and it could easily go lower if EV prices keep falling.
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Tesla: Pioneering EVs and building in AI Tesla stock has also been a top performer this year, even as the underlying business has mostly struggled. If Berkshire doesn't get there next year, it will likely join the trillion-dollar club in the next few years. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Berkshire Hathaway, Meta Platforms, Microsoft, Nvidia, and Tesla.
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2023-12-07 00:00:00 UTC
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US STOCKS-Wall St rises on Alphabet boost, payrolls data in focus
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https://www.nasdaq.com/articles/us-stocks-wall-st-rises-on-alphabet-boost-payrolls-data-in-focus
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By Amruta Khandekar and Shristi Achar A
Dec 7 (Reuters) - The Nasdaq led gains among Wall Street's major indexes on Thursday, driven by a rise in Alphabet shares, while investors looked forward to monthly payrolls data for clues on the Federal Reserve's policy actions.
The communication services sub-index.SPLRCLhousing Alphabet advanced 2.8%, leading gains among the 11 major S&P 500 sectors. Other megacap stocks, including Amazon.com AMZN.O and Apple AAPL.O, rose between 1.3% and 1.5% in early trading.
The tech-heavy Nasdaq .IXIC has outperformed peers this year, surging 36% on a rally in megacap stocks that has been powered by enthusiasm around the potential for artificial intelligence. Growing hopes of a cut in interest rates next year have also improved sentiment.
Reports showing weak private payrolls and job openings this week have reinforced expectations the Federal Reserve's furious pace of rate hikes is slowing the economy, potentially allowing the central bank to ease up on its monetary policy next year.
Traders have almost fully priced in the likelihood of the Fed keeping interest rates unchanged at its meeting next week and have nearly 64% odds for a rate cut as soon as March 2024, according to the CME Group's FedWatch tool.
However, some analysts have warned that markets have been too optimistic about rate cuts and also said the upcoming jobs report will be crucial in determining the chances of a soft landing - where the Fed manages to avert a recession.
"They (the Fed) certainly don't have any cuts coming soon, but are data dependent," said Joe Saluzzi, co-manager of trading at Themis Trading. "So if data is in line, that basically keeps the Fed on the current path."
The Labor Department's report, due on Friday, is expected to show that non-farm payrolls increased by 180,000 jobs last month after rising by 150,000 in October.
A separate reading showed initial jobless claims stood at 220,000 for the week ended Dec. 2, lower than estimates of 222,000, according to economists polled by Reuters.
Meanwhile, comments from Bank of Japan Governor Kazuo Ueda added to growing speculation that the central bank could soon shift away from its ultra-easy monetary policy.
At 9:36 a.m. ET, the Dow Jones Industrial Average .DJI was up 30.41 points, or 0.08%, at 36,084.84, the S&P 500 .SPX was up 23.18 points, or 0.51%, at 4,572.52, and the Nasdaq Composite .IXIC was up 128.69 points, or 0.91%, at 14,275.40.
Among other major movers, Advanced Micro DevicesAMD.Orose 4.6%, a day after the chipmaker estimated there was a $45 billion market for its data center artificial intelligence processors this year.
GameStopGME.N slid 3.2% after the videogame retailer missed estimates for quarterly revenue, hurt by rising competition.
Dollar GeneralDG.Nrose 2.4% as the retailer's quarterly results beat estimates.
Advancing issues outnumbered decliners by a 1.49-to-1 ratio on the NYSE and by a 1.21-to-1 ratio on the Nasdaq.
The S&P index recorded 8 new 52-week highs and no new lows, while the Nasdaq recorded 25 new highs and 32 new lows.
(Reporting by Amruta Khandekar and Shristi Achar A; Editing by Saumyadeb Chakrabarty and Anil D'Silva)
((Amruta.Khandekar@thomsonreuters.com; 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 Amruta Khandekar and Shristi Achar A Dec 7 (Reuters) - The Nasdaq led gains among Wall Street's major indexes on Thursday, driven by a rise in Alphabet shares, while investors looked forward to monthly payrolls data for clues on the Federal Reserve's policy actions. Reports showing weak private payrolls and job openings this week have reinforced expectations the Federal Reserve's furious pace of rate hikes is slowing the economy, potentially allowing the central bank to ease up on its monetary policy next year. However, some analysts have warned that markets have been too optimistic about rate cuts and also said the upcoming jobs report will be crucial in determining the chances of a soft landing - where the Fed manages to avert a recession.
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By Amruta Khandekar and Shristi Achar A Dec 7 (Reuters) - The Nasdaq led gains among Wall Street's major indexes on Thursday, driven by a rise in Alphabet shares, while investors looked forward to monthly payrolls data for clues on the Federal Reserve's policy actions. Reports showing weak private payrolls and job openings this week have reinforced expectations the Federal Reserve's furious pace of rate hikes is slowing the economy, potentially allowing the central bank to ease up on its monetary policy next year. The S&P index recorded 8 new 52-week highs and no new lows, while the Nasdaq recorded 25 new highs and 32 new lows.
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By Amruta Khandekar and Shristi Achar A Dec 7 (Reuters) - The Nasdaq led gains among Wall Street's major indexes on Thursday, driven by a rise in Alphabet shares, while investors looked forward to monthly payrolls data for clues on the Federal Reserve's policy actions. Reports showing weak private payrolls and job openings this week have reinforced expectations the Federal Reserve's furious pace of rate hikes is slowing the economy, potentially allowing the central bank to ease up on its monetary policy next year. Among other major movers, Advanced Micro DevicesAMD.Orose 4.6%, a day after the chipmaker estimated there was a $45 billion market for its data center artificial intelligence processors this year.
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By Amruta Khandekar and Shristi Achar A Dec 7 (Reuters) - The Nasdaq led gains among Wall Street's major indexes on Thursday, driven by a rise in Alphabet shares, while investors looked forward to monthly payrolls data for clues on the Federal Reserve's policy actions. Reports showing weak private payrolls and job openings this week have reinforced expectations the Federal Reserve's furious pace of rate hikes is slowing the economy, potentially allowing the central bank to ease up on its monetary policy next year. "They (the Fed) certainly don't have any cuts coming soon, but are data dependent," said Joe Saluzzi, co-manager of trading at Themis Trading.
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2023-12-07 00:00:00 UTC
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Wall Street Analysts Predict a 1249.93% Upside in Helius Medical Technologies, Inc. (HSDT): Here's What You Should Know
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https://www.nasdaq.com/articles/wall-street-analysts-predict-a-1249.93-upside-in-helius-medical-technologies-inc.-hsdt%3A
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Helius Medical Technologies, Inc. (HSDT) closed the last trading session at $6.85, gaining 2.1% 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 $92.47 indicates a 1249.9% upside potential.
The average comprises three short-term price targets ranging from a low of $7.40 to a high of $250, with a standard deviation of $136.57. While the lowest estimate indicates an increase of 8% from the current price level, the most optimistic estimate points to a 3549.6% 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 a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of analysts in setting price targets have long been questionable.
But, for HSDT, an impressive average price target is not the only indicator of a potential upside. Strong agreement among analysts about the company's ability to report better earnings than they predicted earlier strengthens this view. While a positive trend in earnings estimate revisions doesn't gauge how much a stock could gain, it has proven to be powerful in predicting an upside.
Here's What You 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.
Here's Why There Could be Plenty of Upside Left in HSDT
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.
For the current year, one estimate has moved higher over the last 30 days compared to no negative revision. As a result, the Zacks Consensus Estimate has increased 52.8%.
Moreover, HSDT 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 HSDT could gain, the direction of price movement it implies does appear to be a good guide.
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Helius Medical Technologies, Inc. (HSDT) : 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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Helius Medical Technologies, Inc. (HSDT) closed the last trading session at $6.85, gaining 2.1% 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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Helius Medical Technologies, Inc. (HSDT) closed the last trading session at $6.85, gaining 2.1% 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. 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 Helius Medical Technologies, Inc. (HSDT) : 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 HSDT could gain, the direction of price movement it implies does appear to be a good guide.
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Helius Medical Technologies, Inc. (HSDT) closed the last trading session at $6.85, gaining 2.1% 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 $92.47 indicates a 1249.9% upside potential. 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 HSDT could gain, the direction of price movement it implies does appear to be a good guide.
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4d77267c-432d-403d-8cb6-d42ca2f7f08f
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714041.0
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2023-12-07 00:00:00 UTC
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Does Savers Value (SVV) Have the Potential to Rally 69.32% as Wall Street Analysts Expect?
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DCOMP
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https://www.nasdaq.com/articles/does-savers-value-svv-have-the-potential-to-rally-69.32-as-wall-street-analysts-expect
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nan
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nan
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Savers Value Village (SVV) closed the last trading session at $15.06, gaining 0.2% 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 $25.50 indicates a 69.3% upside potential.
The mean estimate comprises eight short-term price targets with a standard deviation of $3.34. While the lowest estimate of $20 indicates a 32.8% increase from the current price level, the most optimistic analyst expects the stock to surge 99.2% to reach $30. 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 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 SVV. 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 Should Know About Analysts' Price Targets
According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.
While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?
They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.
However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.
Here's Why There Could be Plenty of Upside Left in SVV
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 3.8%, as three estimates have moved higher compared to no negative revision.
Moreover, SVV 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 SVV could gain, the direction of price movement it implies does appear to be a good guide.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
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
Savers Value Village, Inc. (SVV) : 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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Savers Value Village (SVV) closed the last trading session at $15.06, gaining 0.2% 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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Savers Value Village (SVV) closed the last trading session at $15.06, gaining 0.2% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. That 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.
|
Here's What You Should Know About Analysts' Price Targets According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. 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 SVV could gain, the direction of price movement it implies does appear to be a good guide.
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Savers Value Village (SVV) closed the last trading session at $15.06, gaining 0.2% 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. Here's Why There Could be Plenty of Upside Left in SVV 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. 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 SVV could gain, the direction of price movement it implies does appear to be a good guide.
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220aa6d9-ac42-4c0b-b199-b085ab64bade
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714042.0
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2023-12-07 00:00:00 UTC
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Does AnaptysBio, Inc. (ANAB) Have the Potential to Rally 69.36% as Wall Street Analysts Expect?
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DCOMP
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https://www.nasdaq.com/articles/does-anaptysbio-inc.-anab-have-the-potential-to-rally-69.36-as-wall-street-analysts-expect
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nan
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nan
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Shares of AnaptysBio, Inc. (ANAB) have gained 3.6% over the past four weeks to close the last trading session at $16.06, 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 $27.20 indicates a potential upside of 69.4%.
The mean estimate comprises five short-term price targets with a standard deviation of $10.80. While the lowest estimate of $20 indicates a 24.5% increase from the current price level, the most optimistic analyst expects the stock to surge 180.2% to reach $45. It's very important to note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.
While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of analysts in setting price targets have long been questionable.
But, for ANAB, an impressive average price target is not the only indicator of a potential upside. Strong agreement among analysts about the company's ability to report better earnings than they predicted earlier strengthens this view. While a positive trend in earnings estimate revisions doesn't gauge how much a stock could gain, it has proven to be powerful in predicting an upside.
Here's What You 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 ANAB 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.
Over the last 30 days, the Zacks Consensus Estimate for the current year has increased 2.1%, as one estimate has moved higher compared to no negative revision.
Moreover, ANAB 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 ANAB could gain, the direction of price movement it implies does appear to be a good guide.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
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
AnaptysBio, Inc. (ANAB) : 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 AnaptysBio, Inc. (ANAB) have gained 3.6% over the past four weeks to close the last trading session at $16.06, 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. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, while the consensus price target may not be a reliable indicator of how much ANAB could gain, the direction of price movement it implies does appear to be a good guide.
|
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 ANAB could gain, the direction of price movement it implies does appear to be a good guide.
|
Going by the price targets, the mean estimate of $27.20 indicates a potential upside of 69.4%. Strong agreement among analysts about the company's ability to report better earnings than they predicted earlier strengthens this view. 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 ANAB could gain, the direction of price movement it implies does appear to be a good guide.
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15adcfac-460a-45ad-a9bf-c28100e9fc73
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714043.0
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2023-12-07 00:00:00 UTC
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How Much Upside is Left in Evolent Health (EVH)? Wall Street Analysts Think 59.66%
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DCOMP
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https://www.nasdaq.com/articles/how-much-upside-is-left-in-evolent-health-evh-wall-street-analysts-think-59.66
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nan
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nan
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Evolent Health (EVH) closed the last trading session at $28.31, gaining 1.5% 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 $45.20 indicates a 59.7% upside potential.
The average comprises 10 short-term price targets ranging from a low of $34 to a high of $63, with a standard deviation of $8.79. While the lowest estimate indicates an increase of 20.1% from the current price level, the most optimistic estimate points to a 122.5% 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 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 EVH. 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.
Here's Why There Could be Plenty of Upside Left in EVH
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.
For the current year, one estimate has moved higher over the last 30 days compared to no negative revision. As a result, the Zacks Consensus Estimate has increased 1.4%.
Moreover, EVH currently has a Zacks Rank #1 (Strong Buy), which means it is in the top 5% 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 EVH could gain, the direction of price movement it implies does appear to be a good guide.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
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
Evolent Health, Inc (EVH) : 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.
|
Evolent Health (EVH) closed the last trading session at $28.31, gaining 1.5% 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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Evolent Health (EVH) closed the last trading session at $28.31, gaining 1.5% 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. Here's Why There Could be Plenty of Upside Left in EVH 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. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
|
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 EVH could gain, the direction of price movement it implies does appear to be a good guide.
|
Evolent Health (EVH) closed the last trading session at $28.31, gaining 1.5% 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. However, an impressive consensus price target is not the only factor that indicates a potential upside in EVH. Here's Why There Could be Plenty of Upside Left in EVH 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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7eb08384-f8d3-42de-8e7e-9cd6d0f4e700
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714044.0
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2023-12-07 00:00:00 UTC
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Wall Street Analysts Believe Viper Energy (VNOM) Could Rally 25.2%: Here's is How to Trade
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DCOMP
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https://www.nasdaq.com/articles/wall-street-analysts-believe-viper-energy-vnom-could-rally-25.2%3A-heres-is-how-to-trade
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nan
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nan
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Viper Energy Partners (VNOM) closed the last trading session at $29.33, gaining 1.1% 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 $36.72 indicates a 25.2% upside potential.
The average comprises nine short-term price targets ranging from a low of $31 to a high of $47, with a standard deviation of $4.48. While the lowest estimate indicates an increase of 5.7% from the current price level, the most optimistic estimate points to a 60.3% 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 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 VNOM. 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.
Here's Why There Could be Plenty of Upside Left in VNOM
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.
For the current year, five estimates have moved higher over the last 30 days compared to no negative revision. As a result, the Zacks Consensus Estimate has increased 24.9%.
Moreover, VNOM 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 VNOM could gain, the direction of price movement it implies does appear to be a good guide.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
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
Viper Energy Inc. (VNOM) : 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.
|
Viper Energy Partners (VNOM) closed the last trading session at $29.33, gaining 1.1% 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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Viper Energy Partners (VNOM) closed the last trading session at $29.33, gaining 1.1% 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. Here's Why There Could be Plenty of Upside Left in VNOM 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. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
|
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 VNOM could gain, the direction of price movement it implies does appear to be a good guide.
|
Viper Energy Partners (VNOM) closed the last trading session at $29.33, gaining 1.1% 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. However, an impressive consensus price target is not the only factor that indicates a potential upside in VNOM. Here's Why There Could be Plenty of Upside Left in VNOM 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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a4149931-3221-44be-a8cb-aa1ed49a9bd4
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714045.0
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2023-12-07 00:00:00 UTC
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Who Will Be the AI Winners of 2024? Here Are 2 Top Contenders.
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DCOMP
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https://www.nasdaq.com/articles/who-will-be-the-ai-winners-of-2024-here-are-2-top-contenders.
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nan
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nan
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Many companies are poised to benefit from the artificial intelligence (AI) boom next year -- and beyond. However, that doesn't make each and every AI expert a great investment today. The future prospects of this explosive tech trend have already been priced into some stocks, leaving little room for further stock-price gains.
I'm here to highlight a selection of AI companies with stocks that seem undervalued. These contenders offer a compelling mix of innovative promise and investment appeal, ripe for exploration. Don't be surprised to see some ultra-familiar household names, by the way. The titans of yesteryear are learning new tricks to stay competitive in the AI era.
IBM: Not your grandfather's Big Blue anymore
In the 1990s and early 2000s, International Business Machines (NYSE: IBM) set the standards for other technology titans to follow. But just as every IBM peer under the sun tried to copy its winning one-stop-shop business model, the company turned to a different path.
Many investors were surprised to see Big Blue abandon its unquestioned leadership to pursue a radically different strategy under CEOs Ginni Rometty and Arvind Krishna. The all-you-can-eat approach to technology solutions was replaced by a sharp focus on cloud computing and AI. Nowadays, IBM is where you find enterprise-class solutions for computing needs, powered by intelligent cloud computing designs and the Watson AI engine.
Leaving the consumer market to other vendors, IBM is now perfectly positioned to make the most of the AI boom. Enterprise customers may be slower on the uptake of new technologies, due to budget and operational testing concerns, but these customers also provide reliable revenue streams and generous profit margins.
Look for IBM's AI-driven sales to soar in 2024 and beyond. It's time to take full advantage of a strategy shift more than a decade in the making.
So far, investors have largely shrugged off IBM's promising AI position. The stock has gained just 14% in 2023, behind the 20% return of the S&P 500 (SNPINDEX: ^GSPC) index. Shares are changing hands at rock-bottom valuation ratios such as 12x free cash flow and 2.4x sales.
You even get a generous dividend yield of 4.2% at these modest prices. In short, IBM looks like a great AI investment right now.
Ericsson runs 5G networks with AI smarts
Telecom networks are becoming more powerful and complicated over time. If a 4G base station can manage roughly 1,000 simultaneous active connections from a single base station, 5G networks are designed to handle 100 times as many devices. Every connection expects download speeds in the gigabit-class and low latency (quick responses to every network request).
The telecom industry has come a long way from operators hand-plugging cables into switchboards. That's where Ericsson's (NASDAQ: ERIC) AI-powered network management platform comes into play.
With AI-powered analytics in real time, Ericsson's clients optimize their vast and complex networks. By utilizing advanced algorithms and machine learning, Ericsson's system can dynamically optimize network traffic, predict maintenance needs before they become critical issues, and ensure robust security against evolving threats.
AI's role in Ericsson's infrastructure is not just about maintaining efficiency -- it's about redefining what's possible in network performance. The AI-driven system allows for real-time analytics and decision-making, enabling the network to adapt quickly to changing user demands and traffic patterns. This leads to a more reliable, efficient, and user-centric network experience. And it wouldn't be possible without AI assistance.
Moreover, Ericsson's embrace of AI goes beyond operational efficiency. It's a strategic move that positions the company as a leader in the 5G arena, opening new opportunities for innovation and service delivery. From smart cities to the Internet of Things, Ericsson's AI-enhanced networks are at the forefront of enabling the next wave of digital transformation.
If you thought 5G networks were complex, just wait until the telecom industry shifts to the even faster, more robust, and far more complicated 6G architecture. Ericsson's groundbreaking AI usage in the 5G era sets the company up for continued success after the next sea change.
In essence, Ericsson's investment in AI is a testament to their commitment to leading the charge in the 5G revolution, ensuring they remain at the cutting edge of telecom technology. Finally, Ericsson's stock price has actually declined in 2023, and its shares trade at a comfortable 12x forward earnings estimates. That makes the Swedish company an undervalued AI winner in my book.
10 stocks we like better than International Business Machines
When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and International Business Machines wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of December 4, 2023
Anders Bylund has positions in International Business Machines. The Motley Fool recommends International Business Machines. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Many investors were surprised to see Big Blue abandon its unquestioned leadership to pursue a radically different strategy under CEOs Ginni Rometty and Arvind Krishna. By utilizing advanced algorithms and machine learning, Ericsson's system can dynamically optimize network traffic, predict maintenance needs before they become critical issues, and ensure robust security against evolving threats. In essence, Ericsson's investment in AI is a testament to their commitment to leading the charge in the 5G revolution, ensuring they remain at the cutting edge of telecom technology.
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Nowadays, IBM is where you find enterprise-class solutions for computing needs, powered by intelligent cloud computing designs and the Watson AI engine. Ericsson runs 5G networks with AI smarts Telecom networks are becoming more powerful and complicated over time. By utilizing advanced algorithms and machine learning, Ericsson's system can dynamically optimize network traffic, predict maintenance needs before they become critical issues, and ensure robust security against evolving threats.
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Ericsson runs 5G networks with AI smarts Telecom networks are becoming more powerful and complicated over time. AI's role in Ericsson's infrastructure is not just about maintaining efficiency -- it's about redefining what's possible in network performance. See the 10 stocks *Stock Advisor returns as of December 4, 2023 Anders Bylund has positions in International Business Machines.
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IBM: Not your grandfather's Big Blue anymore In the 1990s and early 2000s, International Business Machines (NYSE: IBM) set the standards for other technology titans to follow. Ericsson runs 5G networks with AI smarts Telecom networks are becoming more powerful and complicated over time. * They just revealed what they believe are the ten best stocks for investors to buy right now... and International Business Machines wasn't one of them!
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2f3cd2a6-6679-4ba8-a94c-d39dc84161df
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714046.0
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2023-12-07 00:00:00 UTC
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Best Momentum Stock to Buy for December 7th
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DCOMP
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https://www.nasdaq.com/articles/best-momentum-stock-to-buy-for-december-7th-0
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nan
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nan
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Here are two stocks with buy rank and strong momentum characteristics for investors to consider today, December 7th:
Aquestive Therapeutics AQST: This specialty pharmaceutical company which, commercializes medicines to solve critical health care problems as well as engages on late-stage proprietary product pipeline which focuses on the treatment of diseases of central nervous system, has a Zacks Rank #1 (Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 72.0% over the last 60 days.
Aquestive Therapeutics, Inc. Price and Consensus
Aquestive Therapeutics, Inc. price-consensus-chart | Aquestive Therapeutics, Inc. Quote
Aquestive Therapeutics’ shares gained 30.4% over the last three month compared with the S&P 500’s gain of 2.5%. The company possesses a Momentum Score of A.
Aquestive Therapeutics, Inc. Price
Aquestive Therapeutics, Inc. price | Aquestive Therapeutics, Inc. Quote
Viad Corp VVI: This international experiential services company with operations in the United States, Canada, the United Kingdom, continental Europe and the United Arab Emirates, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its next year earnings increasing 44.8% over the last 60 days.
Viad Corp Price and Consensus
Viad Corp price-consensus-chart | Viad Corp Quote
Viad Corp’s shares gained 28.1% over the last three month compared with the S&P 500’s gain of 2.5%. The company possesses a Momentum Score of B.
Viad Corp Price
Viad Corp price | Viad Corp Quote
See the full list of top ranked stocks here
Learn more about the Momentum score and how it is calculated here.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
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Viad Corp (VVI) : Free Stock Analysis Report
Aquestive Therapeutics, Inc. (AQST) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are two stocks with buy rank and strong momentum characteristics for investors to consider today, December 7th: Aquestive Therapeutics AQST: This specialty pharmaceutical company which, commercializes medicines to solve critical health care problems as well as engages on late-stage proprietary product pipeline which focuses on the treatment of diseases of central nervous system, has a Zacks Rank #1 (Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 72.0% over the last 60 days. The company possesses a Momentum Score of A. Aquestive Therapeutics, Inc. Price Aquestive Therapeutics, Inc. price | Aquestive Therapeutics, Inc. Quote Viad Corp VVI: This international experiential services company with operations in the United States, Canada, the United Kingdom, continental Europe and the United Arab Emirates, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its next year earnings increasing 44.8% over the last 60 days. Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1.
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Aquestive Therapeutics, Inc. Price and Consensus Aquestive Therapeutics, Inc. price-consensus-chart | Aquestive Therapeutics, Inc. Quote Aquestive Therapeutics’ shares gained 30.4% over the last three month compared with the S&P 500’s gain of 2.5%. The company possesses a Momentum Score of A. Aquestive Therapeutics, Inc. Price Aquestive Therapeutics, Inc. price | Aquestive Therapeutics, Inc. Quote Viad Corp VVI: This international experiential services company with operations in the United States, Canada, the United Kingdom, continental Europe and the United Arab Emirates, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its next year earnings increasing 44.8% over the last 60 days. Click to get this free report Viad Corp (VVI) : Free Stock Analysis Report Aquestive Therapeutics, Inc. (AQST) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Here are two stocks with buy rank and strong momentum characteristics for investors to consider today, December 7th: Aquestive Therapeutics AQST: This specialty pharmaceutical company which, commercializes medicines to solve critical health care problems as well as engages on late-stage proprietary product pipeline which focuses on the treatment of diseases of central nervous system, has a Zacks Rank #1 (Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 72.0% over the last 60 days. The company possesses a Momentum Score of A. Aquestive Therapeutics, Inc. Price Aquestive Therapeutics, Inc. price | Aquestive Therapeutics, Inc. Quote Viad Corp VVI: This international experiential services company with operations in the United States, Canada, the United Kingdom, continental Europe and the United Arab Emirates, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its next year earnings increasing 44.8% over the last 60 days. Viad Corp Price and Consensus Viad Corp price-consensus-chart | Viad Corp Quote Viad Corp’s shares gained 28.1% over the last three month compared with the S&P 500’s gain of 2.5%.
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Here are two stocks with buy rank and strong momentum characteristics for investors to consider today, December 7th: Aquestive Therapeutics AQST: This specialty pharmaceutical company which, commercializes medicines to solve critical health care problems as well as engages on late-stage proprietary product pipeline which focuses on the treatment of diseases of central nervous system, has a Zacks Rank #1 (Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 72.0% over the last 60 days. Aquestive Therapeutics, Inc. Price and Consensus Aquestive Therapeutics, Inc. price-consensus-chart | Aquestive Therapeutics, Inc. Quote Aquestive Therapeutics’ shares gained 30.4% over the last three month compared with the S&P 500’s gain of 2.5%. Viad Corp Price and Consensus Viad Corp price-consensus-chart | Viad Corp Quote Viad Corp’s shares gained 28.1% over the last three month compared with the S&P 500’s gain of 2.5%.
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e80a3c8c-6b71-41a3-a731-8ba152749d6a
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714047.0
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2023-12-07 00:00:00 UTC
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Why This 1 Momentum Stock Could Be a Great Addition to Your Portfolio
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DCOMP
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https://www.nasdaq.com/articles/why-this-1-momentum-stock-could-be-a-great-addition-to-your-portfolio-228
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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, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth Score
Growth investors 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
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.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only as a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
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: Twilio (TWLO)
Headquartered in San Francisco, Twilio Inc. was founded in 2007 and got listed on the NYSE in Jun 2016. Twilio provides Cloud Communications Platform-as-a-Service. The company enables developers to build, scale and operate real-time communications within software applications. The company’s platform consists of three layers, Engagement Cloud, Programmable Communications Cloud and Super Network.
TWLO 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. TWLO has a Momentum Style Score of A, and shares are up 22.4% over the past four weeks.
For fiscal 2023, 10 analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.41 to $2.11 per share. TWLO boasts an average earnings surprise of 157.8%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, TWLO should be on investors' short list.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
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
Twilio Inc. (TWLO) : 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.
|
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. 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.
|
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days. How Style Scores Work with the Zacks Rank 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.
|
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days. You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B.
|
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. That's where the Style Scores come in.
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41c54d2a-94a3-4165-959e-910b6565346a
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714048.0
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2023-12-07 00:00:00 UTC
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Here's Why Microsoft (MSFT) is a Strong Momentum Stock
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DCOMP
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https://www.nasdaq.com/articles/heres-why-microsoft-msft-is-a-strong-momentum-stock
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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.
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 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
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 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.
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: Microsoft (MSFT)
Microsoft Corporation is one of the largest broad-based technology providers in the world. The company dominates the PC software market with more than 73% of the market share for desktop operating systems.
MSFT 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. MSFT has a Momentum Style Score of A, and shares are up 1.5% over the past four weeks.
For fiscal 2024, 17 analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.23 to $11.13 per share. MSFT boasts an average earnings surprise of 7.8%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, MSFT should be on investors' short list.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
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. 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.
|
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks. How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
|
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. 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.
|
14c4f3a7-1d26-4854-972a-7b9c6e73bf84
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714049.0
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2023-12-07 00:00:00 UTC
|
Why This 1 Momentum Stock Could Be a Great Addition to Your Portfolio
|
DCOMP
|
https://www.nasdaq.com/articles/why-this-1-momentum-stock-could-be-a-great-addition-to-your-portfolio-226
|
nan
|
nan
|
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?
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 traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM Score
If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
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.
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: Air Products and Chemicals (APD)
Pennsylvania-based Air Products and Chemicals Inc. makes industrial gases as well as a variety of polymer and performance chemicals. It also supplies processing equipment. Air Products' reporting segments are as follows:
APD is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Basic Materials stock. APD has a Momentum Style Score of B, and shares are up 0.5% over the past four weeks.
Six analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.11 to $12.98 per share. APD also boasts an average earnings surprise of 1.1%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, APD should be on investors' short list.
Only $1 to See All Zacks' Buys and Sells
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Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
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To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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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. 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. With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, APD should be on investors' short list.
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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. 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. Click to get this free report Air Products and Chemicals, Inc. (APD) : 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, 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. 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.
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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. That's where the Style Scores come in.
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2023-12-07 00:00:00 UTC
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Why PepsiCo (PEP) is a Top Momentum Stock for the Long-Term
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DCOMP
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https://www.nasdaq.com/articles/why-pepsico-pep-is-a-top-momentum-stock-for-the-long-term
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores?
Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth Score
Growth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum Score
Momentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM Score
What if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: PepsiCo (PEP)
Headquartered in Purchase, NY, PepsiCo, Inc. is one of the leading global food and beverage companies. Its complementary brands/businesses include Frito-Lay snacks, Pepsi-Cola beverages, Gatorade sports drinks, Tropicana juices and Quaker foods. The company serves customers in more than 200 countries and territories.
PEP is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Consumer Staples stock. PEP has a Momentum Style Score of B, and shares are up 0.1% over the past four weeks.
Eight analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.07 to $7.55 per share. PEP boasts an average earnings surprise of 5.6%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, PEP should be on investors' short list.
Only $1 to See All Zacks' Buys and Sells
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Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
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
PepsiCo, Inc. (PEP) : 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. 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. 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. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks. How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
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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. 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.
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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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2023-12-07 00:00:00 UTC
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The 7 Best REITs Stocks to Buy in December
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https://www.nasdaq.com/articles/the-7-best-reits-stocks-to-buy-in-december
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The realm of real estate investment trusts (REITs) has had it incredibly rough in 2023 in contrast to the S&P 500’s double-digit gains. Consequently, this environment makes selecting the best REITs a challenging task. REITs, which manage various real estate properties, have traditionally been excellent tools for portfolio diversification, especially during periods of low-interest rates. However, the landscape has shifted dramatically, with current mortgage interest rates soaring. Moreover, this rate spike is pushing the dream of home ownership and, consequently, the value of various real estate properties beyond the reach of many. Despite REITs’ usual allure of generous dividends, stemming from their obligation to distribute a whopping 90% of profits, today’s market requires a keen eye to identify the most resilient REITs in these evolving times.
Best REITs: Realty Income (O)
Source: Shutterstock
Realty Income (NYSE:O) emerged as a titan in the REIT sector with a massive market capitalization of $38 billion. It boasts an impressive portfolio of over 13,000 properties spread across the U.S., U.K., Spain, Italy, and other areas. This extensive reach, coupled with its specialization in single-tenant commercial properties such as grocery and convenience stores, positions Realty Income as a critical player in the commercial real estate market.
The company’s strategic focus is underscored by its recent acquisition of Spirit Realty Capital, further expanding its massive property portfolio. This move enhances Realty Income’s market footprint and diversifies its investment portfolio, solidifying its position as a leader in the commercial property industry. For income-focused investors, Realty Income appeals to its dividend yield of 5.6% and its status as a monthly dividend company. Moreover, Realty Income’s 25-year track record of consistent dividend growth makes it a reliable choice for stockholders seeking a combination of stable income and long-term growth potential in their investment portfolios.
Innovative Industrial Properties (IIPR)
Source: Shutterstock
Innovative Industrial Properties (NYSE:IIPR) stands out in traditional investment portfolios with its involvement in the burgeoning cannabis industry. IIPR has been instrumental in improving rental collection and securing long-term leases. Moreover, its expected debt restructuring could efficiently bolster financial agility, opening doors for strategic acquisitions and bringing down liabilities.
IIPR’s third quarter FFO of $2.09 surpassed expectations by four cents and a revenue bump of 9.8% year-over-year (YOY) to $77.82 million. These financials comfortably exceeded forecasts by $1.26 million, highlighting its robustness. The stock’s attractive forward dividend yield of more than 8% and a five-year dividend growth rate of 45.6% reflect a strong and growing income potential. Given the rapid expansion of the marijuana market, IIPR’s focus positions it as a compelling long-term investment choice, offering investors a strategic entry point into the cannabis space.
Best REITs: CareTrust REIT (CTRE)
CareTrust REIT (NYSE:CTRE) is a top REIT specializing in healthcare properties. It stands out with an 18% rental revenue CAGR over the past decade, showcasing its superb growth trajectory. The company’s strategic diversification across 28 different states taps into the growing demand driven by an aging U.S. population, providing a stable income stream.
Financially, CTRE has excelled, with an EBITDA margin of over 86% on a trailing twelve-month basis, 57% higher than the sector median. Moreover, its prudent dividend strategy, with an 80% free cash flow margin and a 5% yield, reflects a strong commitment to shareholder returns, balanced with a healthy financial structure. Geographically diverse and strategically positioned in the healthcare real estate market, CTRE is poised for future success, bolstered by forecasts of double-digit revenue growth. Despite recent stock gains, a potential upside remains with its stock trading at a sizable discount to historical metrics.
Extra Space Storage (EXR)
Source: Ken Wolter / Shutterstock.com
Extra Space Storage (NYSE:EXR) remains a prominent REIT in the storage operations sphere, significantly bolstering its market presence with over 3,500 locations across the U.S. The company’s strategic merger with Life Storage, adding nearly 1,200 locations, emphasizes its role in expanding despite the initial dilution in its adjusted FFO. Moreover, it recently released its third quarter results, where it revealed an impressive 49.9% YOY increase in quarterly sales to $748.03 million. This was fueled by its merger and acquisition activities, exceeding analyst expectations by $66.74 million indicative of the firm’s successful integration and market penetration strategies. Additionally, EXR’s FFO of $2.02 per share surpassed consensus estimates by 11 cents, reflecting its strong financial performance and operational efficiency.
With a forward dividend yield of 4.73% and a five-year dividend growth rate of 14.16%, the company presents itself as an attractive investment option. Its focus on expanding its portfolio and the potential for further operational synergies position it well for sustained growth and sustained shareholder returns.
Best REITs: Kite Realty Group (KRG)
Source: mTaira / Shutterstock.com
Kite Realty Group (NYSE:KRG) Kite Realty Group is a distinguished REIT specializing in grocery-anchored facilities, especially in the dynamic Sun Belt markets, efficiently managing an expansive portfolio of over 180 open-air shopping centers and mixed-use assets. With nearly six decades of real estate experience, the REIT strengthened its portfolio further by adding Retail Properties of America for a whopping $7.5 billion. This strategic move aims to enhance KRG’s market presence and contributes to its robust returns on capital.
KRG’s resilience in the face of macroeconomic challenges is noteworthy, with its remarkable return on investment capital for new leases, effective inflation protection, and attractive 4.84% dividend yield. The company’s third quarter FFO of 51 cents surpassed estimates recently, with a 3.4% YOY increase on its top line to $207.2 million, highlighting its financial strength and operational efficiency. Also, it trades at 11.4 times forward FFO, roughly 12% lower than the sector median.
Prologis (PLD)
Source: rafapress / Shutterstock.com
Prologis (NYSE:PLD) is another popular REIT specializing in logistics facilities, which stands as a paragon of industry leadership. Its extraordinary double-digit growth in core AFFO over the years highlights its operational prowess. The company’s A-rated balance sheet, enabling the issuance of $1.4 billion in debt at exceptionally low costs, is a testament to its solid financial foundation.
Moreover, the stock is up 5% for the year and almost 80% over 5 years, ahead of the S&P 500’s return of 69% during the same period. Also, its 2.9% dividend yield and nine consecutive years of payout expansion further solidify its case as a top-tier dividend stock. Hence, Prologis remains a contender for any investment portfolio, with its strategic location choices and effective rent growth strategies being key drivers of its exceptional performance.
American Tower (AMT)
Source: Pavel Kapysh / Shutterstock.com
American Tower (NYSE:AMT) is another leading real estate investment trust, excelling in data centers and cell phone towers. With a global portfolio spanning over 220,000 cell phone towers, the firm holds a powerful presence at this time. Over 40,000 of these towers are in the United States, contributing to more than 50% of its sales.
The company’s strategic operations in emerging markets, including Brazil and India, are noteworthy. While these regions currently generate significantly less revenue than U.S. revenue, their potential for growth remains massive due to increasing internet usage and rising spending power. Nonetheless, AMT’s superb financial positioning is underscored by its 3-year average-funds-from-operations growth of 8.6%, which dwarfs the sector median by 362%. Moreover, it boasts a forward dividend yield of 3.10% while showcasing a strong 5-year dividend growth rate of 16% over the last decade.
On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor’s of science degree in applied accounting from Oxford Brookes University.
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The post The 7 Best REITs Stocks to Buy in December appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Given the rapid expansion of the marijuana market, IIPR’s focus positions it as a compelling long-term investment choice, offering investors a strategic entry point into the cannabis space. Geographically diverse and strategically positioned in the healthcare real estate market, CTRE is poised for future success, bolstered by forecasts of double-digit revenue growth. The #1 AI Investment Might Be This Company You’ve Never Heard Of The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post The 7 Best REITs Stocks to Buy in December appeared first on InvestorPlace.
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Innovative Industrial Properties (IIPR) Source: Shutterstock Innovative Industrial Properties (NYSE:IIPR) stands out in traditional investment portfolios with its involvement in the burgeoning cannabis industry. Extra Space Storage (EXR) Source: Ken Wolter / Shutterstock.com Extra Space Storage (NYSE:EXR) remains a prominent REIT in the storage operations sphere, significantly bolstering its market presence with over 3,500 locations across the U.S. Best REITs: Kite Realty Group (KRG) Source: mTaira / Shutterstock.com Kite Realty Group (NYSE:KRG) Kite Realty Group is a distinguished REIT specializing in grocery-anchored facilities, especially in the dynamic Sun Belt markets, efficiently managing an expansive portfolio of over 180 open-air shopping centers and mixed-use assets.
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Best REITs: Realty Income (O) Source: Shutterstock Realty Income (NYSE:O) emerged as a titan in the REIT sector with a massive market capitalization of $38 billion. Moreover, Realty Income’s 25-year track record of consistent dividend growth makes it a reliable choice for stockholders seeking a combination of stable income and long-term growth potential in their investment portfolios. Best REITs: Kite Realty Group (KRG) Source: mTaira / Shutterstock.com Kite Realty Group (NYSE:KRG) Kite Realty Group is a distinguished REIT specializing in grocery-anchored facilities, especially in the dynamic Sun Belt markets, efficiently managing an expansive portfolio of over 180 open-air shopping centers and mixed-use assets.
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Best REITs: Realty Income (O) Source: Shutterstock Realty Income (NYSE:O) emerged as a titan in the REIT sector with a massive market capitalization of $38 billion. The stock’s attractive forward dividend yield of more than 8% and a five-year dividend growth rate of 45.6% reflect a strong and growing income potential. Best REITs: CareTrust REIT (CTRE) CareTrust REIT (NYSE:CTRE) is a top REIT specializing in healthcare properties.
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2023-12-07 00:00:00 UTC
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Veeva Systems (VEEV) Beats on Q3 Earnings, Revises FY24 Outlook
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https://www.nasdaq.com/articles/veeva-systems-veev-beats-on-q3-earnings-revises-fy24-outlook
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Veeva Systems, Inc. VEEV reported adjusted earnings per share (EPS) of $1.34 in the third quarter of fiscal 2024, reflecting an uptick of 18.6% from the year-ago EPS of $1.13. Adjusted EPS surpassed the Zacks Consensus Estimate by 4.7%.
GAAP EPS in the fiscal third quarter was 83 cents, up 23.9% from the year-ago period’s 67 cents.
Revenues
For the quarter, the company’s revenues totaled $616.5 million, outpacing the Zacks Consensus Estimate by 0.1%. On a year-over-year basis, the top line improved by 11.6%.
The fiscal third quarter top line was driven by Veeva Systems’ robust segmental performances.
Segmental Details
Veeva Systems derives revenues from two operating segments — Subscription services; and Professional services and other.
In the fiscal third quarter, Subscription services revenues improved 12.1% from the year-ago quarter to $494.9 million. Our projection for fiscal third-quarter revenues was $493.2 million.
Professional services and other revenues were up 9.8% year over year to $121.6 million, primarily resulting from continued strength in Research and Development (R&D) Solutions services and Veeva Business Consulting. Our projection for fiscal third-quarter revenues was $122.4 million.
Veeva Systems Inc. Price, Consensus and EPS Surprise
Veeva Systems Inc. price-consensus-eps-surprise-chart | Veeva Systems Inc. Quote
Margin Details
In the quarter under review, Veeva Systems’ gross profit improved 12.6% to $448.8 million. The gross margin expanded 67 basis points (bps) to 72.8%.
We had projected 70.7% of gross margin for the fiscal third quarter.
Sales and marketing expenses rose 3% to $96.8 million. R&D expenses went up 23.8% year over year to $161.3 million, while general and administrative expenses climbed 17.8% year over year to $62.3 million. Total operating expenses of $320.3 million increased 15.6% year over year.
Operating profit totaled $128.5 million, which increased 5.8% from the prior-year quarter. However, the operating margin in the fiscal third quarter contracted 114 bps to 20.8%.
We had projected 18.5% of operating margin for the fiscal third quarter.
Financial Position
The company exited third-quarter fiscal 2024 with cash and cash equivalents and short-term investments of $3.94 billion compared with $3.87 billion at the fiscal second-quarter end.
Cumulative net cash provided by operating activities at the end of third-quarter fiscal 2024 was $853.6 million compared with $717.1 million in the year-ago period.
Guidance
Veeva Systems has revised its financial outlook for fiscal 2024 and provided its estimates for the fourth quarter of fiscal 2024.
For the fourth quarter of fiscal 2024, the company expects total revenues between $620 million and $622 million. The Zacks Consensus Estimate is currently pegged at $623 million.
Subscription revenues and Professional services and other revenues are estimated to be approximately $517 million and $103 million-$105 million, respectively, in the fiscal fourth quarter.
Adjusted EPS is projected to be $1.30. The Zacks Consensus Estimate is pegged at $1.26.
Veeva Systems now expects revenues for fiscal 2024 between $2,353 million and $2,355 million, lowered from the earlier outlook of $2,365 million and $2,370 million. The Zacks Consensus Estimate is currently pegged at $2.36 billion.
Subscription revenues are now expected to be $1,897 million, reflecting an uptick from the earlier projection of $1.895 million. This consists of Commercial Solutions’ subscription revenues of around $993 million (up from the prior projection of $985 million) and R&D Solutions’ subscription revenues of approximately $904 million (down from the prior projection of $910 million).
Professional services and other revenues for fiscal 2024 are now expected to be between $456 million and 458 million, lowered from the earlier outlook of $470 million and $475 million.
Adjusted EPS for the year is now expected to be $4.76, indicating an increase from the previous outlook of $4.68. The Zacks Consensus Estimate is pegged at $4.68.
Our Take
Veeva Systems exited the third quarter of fiscal 2024 with better-than-expected results. The uptick in the overall top and bottom lines and robust performances by both segments during the quarter were impressive. The company continues to benefit from its flagship Vault platform, which is encouraging. Veeva Systems’ continued strength in its Commercial Solutions with new customer additions and strong win rates in Veeva CRM looked promising.
Veeva Systems registered great traction in newer areas, including LIMS and Batch Release, which augurs well. The gross margin expansion bodes well.
On the flip side, the rising operating costs putting pressure on the operating margin during the quarter was concerning. On theearnings call management sounded cautious about the overall macroeconomic environment as the industry continues to navigate inflation, higher interest rates, global conflicts and the Inflation Reduction Act. Management expects this to primarily impact the outlook for Veeva Systems’ Professional Services business. This raises our apprehension.
Zacks Rank and Key Picks
Veeva Systems currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader medical space that have announced quarterly results are DaVita Inc. DVA, DexCom, Inc. DXCM and Integer Holdings Corporation ITGR.
DaVita, flaunting a Zacks Rank of 1 (Strong Buy), reported third-quarter 2023 adjusted EPS of $2.85, beating the Zacks Consensus Estimate by 48.4%. Revenues of $3.12 billion outpaced the consensus mark by 3.7%. You can see the complete list of today’s Zacks #1 Rank stocks here.
DaVita has a long-term estimated growth rate of 18.3%. DVA’s earnings surpassed estimates in all the trailing four quarters, the average surprise being 36.6%.
DexCom reported third-quarter 2023 adjusted EPS of 50 cents, beating the Zacks Consensus Estimate by 47.1%. Revenues of $975 million surpassed the Zacks Consensus Estimate by 4%. It currently carries a Zacks Rank #2 (Buy).
DexCom has a long-term estimated growth rate of 33.6%. DXCM’s earnings surpassed estimates in all the trailing four quarters, the average surprise being 36.4%.
Integer Holdings reported third-quarter 2023 adjusted EPS of $1.27, beating the Zacks Consensus Estimate by 20.9%. Revenues of $404.7 million surpassed the Zacks Consensus Estimate by 8.7%. It currently sports a Zacks Rank #1.
Integer Holdings has a long-term estimated growth rate of 15.8%. ITGR’s earnings surpassed estimates in all the trailing four quarters, the average surprise being 11.9%.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
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
DaVita Inc. (DVA) : Free Stock Analysis Report
DexCom, Inc. (DXCM) : Free Stock Analysis Report
Veeva Systems Inc. (VEEV) : Free Stock Analysis Report
Integer Holdings Corporation (ITGR) : 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 fiscal third quarter top line was driven by Veeva Systems’ robust segmental performances. Veeva Systems registered great traction in newer areas, including LIMS and Batch Release, which augurs well. Some better-ranked stocks in the broader medical space that have announced quarterly results are DaVita Inc. DVA, DexCom, Inc. DXCM and Integer Holdings Corporation ITGR.
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Veeva Systems Inc. Price, Consensus and EPS Surprise Veeva Systems Inc. price-consensus-eps-surprise-chart | Veeva Systems Inc. Quote Margin Details In the quarter under review, Veeva Systems’ gross profit improved 12.6% to $448.8 million. DaVita, flaunting a Zacks Rank of 1 (Strong Buy), reported third-quarter 2023 adjusted EPS of $2.85, beating the Zacks Consensus Estimate by 48.4%. Click to get this free report DaVita Inc. (DVA) : Free Stock Analysis Report DexCom, Inc. (DXCM) : Free Stock Analysis Report Veeva Systems Inc. (VEEV) : Free Stock Analysis Report Integer Holdings Corporation (ITGR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Veeva Systems Inc. Price, Consensus and EPS Surprise Veeva Systems Inc. price-consensus-eps-surprise-chart | Veeva Systems Inc. Quote Margin Details In the quarter under review, Veeva Systems’ gross profit improved 12.6% to $448.8 million. Veeva Systems now expects revenues for fiscal 2024 between $2,353 million and $2,355 million, lowered from the earlier outlook of $2,365 million and $2,370 million. Professional services and other revenues for fiscal 2024 are now expected to be between $456 million and 458 million, lowered from the earlier outlook of $470 million and $475 million.
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Veeva Systems Inc. Price, Consensus and EPS Surprise Veeva Systems Inc. price-consensus-eps-surprise-chart | Veeva Systems Inc. Quote Margin Details In the quarter under review, Veeva Systems’ gross profit improved 12.6% to $448.8 million. Veeva Systems now expects revenues for fiscal 2024 between $2,353 million and $2,355 million, lowered from the earlier outlook of $2,365 million and $2,370 million. DaVita, flaunting a Zacks Rank of 1 (Strong Buy), reported third-quarter 2023 adjusted EPS of $2.85, beating the Zacks Consensus Estimate by 48.4%.
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acaa43fb-e01d-43de-b62e-55f3be5ce0e1
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714053.0
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2023-12-07 00:00:00 UTC
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Citigroup (C) Eyes Asset-Based Lending Partnership With LuminArx
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DCOMP
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https://www.nasdaq.com/articles/citigroup-c-eyes-asset-based-lending-partnership-with-luminarx
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Citigroup Inc. C is in advanced talks to team up with LuminArx Capital Management for a new asset-based lending strategy, per a Bloomberg article that cited people with knowledge of the matter.
The big bank’s markets division is negotiating a structure to acquire a minority stake in LuminArx gradually. While a deal has not been agreed on, people knowledgeable about the matter stated that the same could be announced if a deal is agreed upon in the upcoming weeks.
The discussions are C’s latest efforts to enhance the footprint in the booming private lending markets. The partnership will facilitate originations and provide back-leverage on asset-backed debt.
Beside this, C is exploring a direct lending partner to complement its existing broadly syndicated leveraged finance business.
C recently announced that it would team up with Traydstream, a preeminent provider of innovative trade documentation solutions, to offer automated trade-document processing capabilities to clients.
Traydstream offers cloud-based automated document-checking solutions to speed up time-consuming trade procedures like letters of credit and collections. Hence, with the collaboration, Citigroup’s clients can use a wide variety of pre-loaded document types and an innovative rules engine to automate the processing steps.
Businesses engaged in cross-border trade need timely and efficient management of documentation. To cater to this need, Citigroup and Traydstream will streamline the process of reviewing and examining documentation in line with the documentary credit terms.
This will help clients mitigate manual process risks, and reduce operational load and costs.
C shares have gained 17.9% in the past three months compared with the industry’s rise of 9.4%.
Image Source: Zacks Investment Research
The company currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Given the opportunities in the private credit market, banks like Citizens Financial Group, Inc. CFG and JPMorgan Chase & Co. JPM have also been looking for prospective partners as they wish to expand their offerings in the private lending business.
Citizens Financial, capitalizing on the increasing private capital activity, is undertaking discussions with potential sponsors, per a Bloomberg article. Per a source familiar with the matter, CFG has still not concluded any agreement or finalized any deal.
Also, JPM is on the lookout for a potential partner to enhance its operations in the private credit space. This was first reported by Bloomberg in early November. Per people familiar with the matter, the discussions were at an early stage with various sovereign wealth funds, endowments and alternate asset managers.
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Citigroup Inc. (C) : Free Stock Analysis Report
Citizens Financial Group, Inc. (CFG) : 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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Citigroup Inc. C is in advanced talks to team up with LuminArx Capital Management for a new asset-based lending strategy, per a Bloomberg article that cited people with knowledge of the matter. C recently announced that it would team up with Traydstream, a preeminent provider of innovative trade documentation solutions, to offer automated trade-document processing capabilities to clients. Hence, with the collaboration, Citigroup’s clients can use a wide variety of pre-loaded document types and an innovative rules engine to automate the processing steps.
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C recently announced that it would team up with Traydstream, a preeminent provider of innovative trade documentation solutions, to offer automated trade-document processing capabilities to clients. Given the opportunities in the private credit market, banks like Citizens Financial Group, Inc. CFG and JPMorgan Chase & Co. JPM have also been looking for prospective partners as they wish to expand their offerings in the private lending business. Click to get this free report JPMorgan Chase & Co. (JPM) : Free Stock Analysis Report Citigroup Inc. (C) : Free Stock Analysis Report Citizens Financial Group, Inc. (CFG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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C recently announced that it would team up with Traydstream, a preeminent provider of innovative trade documentation solutions, to offer automated trade-document processing capabilities to clients. Given the opportunities in the private credit market, banks like Citizens Financial Group, Inc. CFG and JPMorgan Chase & Co. JPM have also been looking for prospective partners as they wish to expand their offerings in the private lending business. Click to get this free report JPMorgan Chase & Co. (JPM) : Free Stock Analysis Report Citigroup Inc. (C) : Free Stock Analysis Report Citizens Financial Group, Inc. (CFG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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C recently announced that it would team up with Traydstream, a preeminent provider of innovative trade documentation solutions, to offer automated trade-document processing capabilities to clients. Given the opportunities in the private credit market, banks like Citizens Financial Group, Inc. CFG and JPMorgan Chase & Co. JPM have also been looking for prospective partners as they wish to expand their offerings in the private lending business. See Stocks Now >> Want the latest recommendations from Zacks Investment Research?
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ee43f7cb-19dd-446b-864d-ffe437e936fe
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714054.0
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2023-12-07 00:00:00 UTC
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Zoom Video Communications and Estee Lauder have been highlighted as Zacks Bull and Bear of the Day
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DCOMP
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https://www.nasdaq.com/articles/zoom-video-communications-and-estee-lauder-have-been-highlighted-as-zacks-bull-and-bear-of
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For Immediate Release
Chicago, IL – December 7, 2023 – Zacks Equity Research shares Zoom Video Communications ZM as the Bull of the Day and Estee Lauder EL as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Abercrombie & Fitch ANF and Adidas’ ADDYY.
Here is a synopsis of all four stocks.
Bull of the Day:
The Leader in Video Conferencing
Zacks Rank #1 (Strong Buy) stock Zoom Video Communications is a video conferencing platform company that enables people to connect and communicate virtually. Zoom is the most popular conferencing platform and allows users to conduct online meetings, webinars, and virtual conferences through audio and video. Users can join Zoom meetings from various devices, making it a versatile and widely accessible communication solution. With features like screen sharing, chat, and collaboration tools, Zoom has become popular for remote work, online education and social interactions. The platform gained significant traction, especially during the COVID-19 pandemic, and continues to be a go-to choice for virtual meetings and remote collaboration.
Is “Work from Home” Here to Stay?
The work-from-home trend is likely here to stay due to several factors. The COVID-19 pandemic accelerated the adoption of remote work, prompting companies to invest in technologies that support virtual collaboration. Many employees reported experiencing increased flexibility and improved work-life balance during this period, leading to a desire for continued remote work options. Additionally, many employers saw cost savings associated with reduced office space, operational expenses, and actually experienced increased productivity in many instances. While many industries require employees to show up in person, the success of remote work during the pandemic demonstrated that it is a viable and productive model for many industries.
Perfect Earnings Track Record
As the COVID-19 pandemic broke out, Zoom was in the right place, at the right time. However, Zoom’s earnings were brought forward, and as they normalized, investors jumped ship. Nonetheless, Zoom’s expanding international footprint, security and privacy improvement efforts, and the hybrid/remote working wave, are helping the company to re-accelerate earnings.
Image Source: Zacks Investment Research
Most impressively, since its debut in April 2019, Zoom has beat Zacks Consensus Estimates in each quarter.
Cheap from a Valuation Perspective
In the heat of the pandemic, ZM shares clearly got ahead of themselves when the price-to-earnings (p/e) ratio reached 500x. However, now that the stock has corrected from over $500 to under $70, shares once again look attractive from a valuation perspective. In fact, Zoom’s p/e ratio of 14.03x means that it is now cheaper than the S&P 500 Index.
Strong Balance Sheet
Zoom has a strong balance sheet and generates significant cash flow, making it an attractive stock for investors. The company had cash and cash equivalents worth $6.49 billion as of October 31st. The company’s ability to generate strong cash flows will enable it to make major investments in product development and acquisitions in the future.
Bottom Line
Zoom Video Communications stands out as a leader in the video conference space. With its versatile platform, the work-from-home trend, and the favorable valuation, shares should be higher in six to twelve months.
Bear of the Day:
Zacks Rank #5 (Strong Sell) Estee Lauder is a renowned beauty and cosmetics company specializing in the manufacturing and marketing of skincare, makeup, fragrance, and hair care products. Founded by Estee Lauder herself, the company has become a global leader in the beauty industry. Estee Lauder offers a wide range of high-quality beauty products under various brands, including Estee Lauder, Clinique, MAC, Bobbi Brown, and others. Most of Estee Lauder’s products are available at department stores, specialty retailers, and online, catering to a diverse customer base.
International Exposure Weighs on Growth
Weakness in Asia, particularly in China, is weighing on EL shares. Unfortunately, China’s economic woes have dragged on for years with no end in sight. For example, the iShares China ETF, a proxy for large-cap Chinese equities, is working on its fifth consecutive monthly loss and is down ~18% year-to-date. Meanwhile, the earnings picture looks bleak. For the December quarter, Zacks Consensus Analyst Estimates anticipate EPS growth to slow by a whopping 64.29%.
Stretched Valuation Despite Drop in Shares
Though shares of Estee Lauder have plummeted 46% year-to-date, they remain unattractive from a valuation perspective. Estee Lauder’s p/e ratio of 57x is much higher than that of the S&P 500 Index and its peers. Slowing growth coupled with a rich valuation is not a good sign for EL investors.
Competition Taking its Toll
A slew of new, innovative, and flexible competitors has entered the market and is stealing market share from old, legacy, and less “cool” brands like EL. For example, over the past five years, e.l.f.Beautyhave increased by over 1,000%, while Estee Lauder shares are lower. Unfavorable global currency trends and geopolitical disruptions in critical areas like the Middle East are making it more challenging for more prominent players like EL.
Bottom Line
Estee Lauder faces significant challenges as it navigates a landscape market by international economic uncertainties, a stretched valuation, and fierce competition. Once a global leader, the company is grappling with the impact of China’s economic struggles, a concerning earnings outlook, and increased competition from innovative rivals.
Additional content:
Top Apparel Stocks Hitting 52-Week Highs in December
The holiday shopping season is a focal point for retailers and apparel companies with the last few months being very kind to Abercrombie & Fitch and Adidas’ stock.
With Christmas approaching, Abercrombie and Adidas shares may be early to what is hopefully an end-of-the-year and infamous Santa Claus rally. Hitting their 52-week highs this week both remain top-rated Zacks stocks at the moment.
Recent Performance Overview
Adidas shares have now rebounded and soared +57% in 2023 as the footwear and sporting apparel leader has been able to put inventory issues from the fallout with fashion collaborator Kanye West behind it. As for Abercrombie, its resurgence as a high-quality casual apparel retailer has been underestimated upon easing inflation with its stock catapulting over +240% YTD.
Strong Q3 Results
Continuing the ascension of Abercrombie and Adidas shares were their favorable third quarter results in November after widely surpassing Q2 bottom line expectations during the summer.
Abercrombie’s Q3 earnings of $1.83 per share blasted the Zacks Consensus of $1.14 a share by 60% and skyrocketed from $0.01 a share in the prior year quarter. On the top line, Q3 sales of $1.05 billion came in 8% above estimates and soared 19% from $880.08 million a year ago.
Similarly, Adidas easily surpassed Q3 earnings expectations with EPS at $0.76 per share and 46% above estimates of $0.52 a share. Third quarter earnings also leaped 347% year over year from $0.17 a share in Q3 2022. Quarterly sales of $6.52 billion topped estimates by 3% and was up a percentage point from the comparative quarter.
Earnings Estimate Revisions
Since reporting strong Q3 results, Abercrombie's current fiscal 2024 EPS estimates have soared 30% over the last 30 days from $4.44 a share to $5.76 per share. Even better, FY25 EPS estimates have climbed 24% in the last month from $4.42 a share to $5.50 per share.
Meanwhile, Adidas’ fiscal 2023 earnings estimates now call for an adjusted loss of -$0.16 a share compared to -$0.13 a share 30 days ago but FY24 EPS estimates have risen 2% and are expected to be further in the black next year at $2.18 a share versus $2.08 per share a month ago.
Bottom Line
After reaching 52-weeks highs in December, Abercrombie’s stock currently boasts a Zacks Rank #1 (Strong Buy) while Adidas stock sports a Zacks Rank #2 (Buy). As we move closer to rounding out 2023, the strengthening outlook for both companies next year is still compelling and may lead to more short-term upside.
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Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
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.
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Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report
The Estee Lauder Companies Inc. (EL) : Free Stock Analysis Report
Adidas AG (ADDYY) : Free Stock Analysis Report
Zoom Video Communications, Inc. (ZM) : 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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Bear of the Day: Zacks Rank #5 (Strong Sell) Estee Lauder is a renowned beauty and cosmetics company specializing in the manufacturing and marketing of skincare, makeup, fragrance, and hair care products. Bottom Line Estee Lauder faces significant challenges as it navigates a landscape market by international economic uncertainties, a stretched valuation, and fierce competition. Recent Performance Overview Adidas shares have now rebounded and soared +57% in 2023 as the footwear and sporting apparel leader has been able to put inventory issues from the fallout with fashion collaborator Kanye West behind it.
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Bull of the Day: The Leader in Video Conferencing Zacks Rank #1 (Strong Buy) stock Zoom Video Communications is a video conferencing platform company that enables people to connect and communicate virtually. Bottom Line After reaching 52-weeks highs in December, Abercrombie’s stock currently boasts a Zacks Rank #1 (Strong Buy) while Adidas stock sports a Zacks Rank #2 (Buy). Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report The Estee Lauder Companies Inc. (EL) : Free Stock Analysis Report Adidas AG (ADDYY) : Free Stock Analysis Report Zoom Video Communications, Inc. (ZM) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Abercrombie’s Q3 earnings of $1.83 per share blasted the Zacks Consensus of $1.14 a share by 60% and skyrocketed from $0.01 a share in the prior year quarter. Meanwhile, Adidas’ fiscal 2023 earnings estimates now call for an adjusted loss of -$0.16 a share compared to -$0.13 a share 30 days ago but FY24 EPS estimates have risen 2% and are expected to be further in the black next year at $2.18 a share versus $2.08 per share a month ago. Click to get this free report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report The Estee Lauder Companies Inc. (EL) : Free Stock Analysis Report Adidas AG (ADDYY) : Free Stock Analysis Report Zoom Video Communications, Inc. (ZM) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Additional content: Top Apparel Stocks Hitting 52-Week Highs in December The holiday shopping season is a focal point for retailers and apparel companies with the last few months being very kind to Abercrombie & Fitch and Adidas’ stock. Third quarter earnings also leaped 347% year over year from $0.17 a share in Q3 2022. Bottom Line After reaching 52-weeks highs in December, Abercrombie’s stock currently boasts a Zacks Rank #1 (Strong Buy) while Adidas stock sports a Zacks Rank #2 (Buy).
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f859d173-531f-4e8a-a064-74ee01da7591
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714055.0
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2023-12-07 00:00:00 UTC
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Clean Harbors Expands Share Repurchase Program By $500 Mln
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https://www.nasdaq.com/articles/clean-harbors-expands-share-repurchase-program-by-%24500-mln
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(RTTNews) - Clean Harbors, Inc. (CLH), a waste management company, Thursday announced that it has authorized a $500 million expansion of its existing share repurchase program.
As of December 1, around $54 million of availability remained in the existing program. The company plans to fund the buyback through existing cash.
The company can repurchase its common stock on the open market or in privately negotiated transactions periodically, as per the repurchase program.
In pre-market activity, Clean Harbors shares are trading at $164.29, up 0.46% on the New York Stock Exchange.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Clean Harbors, Inc. (CLH), a waste management company, Thursday announced that it has authorized a $500 million expansion of its existing share repurchase program. As of December 1, around $54 million of availability remained in the existing program. In pre-market activity, Clean Harbors shares are trading at $164.29, up 0.46% on the New York Stock Exchange.
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(RTTNews) - Clean Harbors, Inc. (CLH), a waste management company, Thursday announced that it has authorized a $500 million expansion of its existing share repurchase program. As of December 1, around $54 million of availability remained in the existing program. In pre-market activity, Clean Harbors shares are trading at $164.29, up 0.46% on the New York Stock Exchange.
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(RTTNews) - Clean Harbors, Inc. (CLH), a waste management company, Thursday announced that it has authorized a $500 million expansion of its existing share repurchase program. The company can repurchase its common stock on the open market or in privately negotiated transactions periodically, as per the repurchase program. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Clean Harbors, Inc. (CLH), a waste management company, Thursday announced that it has authorized a $500 million expansion of its existing share repurchase program. The company plans to fund the buyback through existing cash. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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91b206a9-4247-4a1a-b3f7-2508edb45c05
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714056.0
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2023-12-07 00:00:00 UTC
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Ciena (CIEN) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
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https://www.nasdaq.com/articles/ciena-cien-q4-earnings%3A-how-key-metrics-compare-to-wall-street-estimates
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For the quarter ended October 2023, Ciena (CIEN) reported revenue of $1.13 billion, up 16.3% over the same period last year. EPS came in at $0.75, compared to $0.61 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.1 billion, representing a surprise of +2.54%. The company delivered an EPS surprise of +10.29%, with the consensus EPS estimate being $0.68.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Ciena performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Total Networking Platforms: $876.90 million versus the five-analyst average estimate of $872.01 million. The reported number represents a year-over-year change of +16.5%.
Revenue- Total Global Services: $150.50 million compared to the $129.22 million average estimate based on five analysts. The reported number represents a change of +19.9% year over year.
Revenue- Blue Planet Automation Software and Services: $20 million versus the four-analyst average estimate of $18.46 million. The reported number represents a year-over-year change of -5.7%.
Revenue- Networking Platforms- Converged Packet Optical: $748 million versus $745.84 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +15.1% change.
Revenue- Software and Services- Total (Platform+Blue Planet Automation): $102.10 million compared to the $101.27 million average estimate based on four analysts. The reported number represents a change of +10% year over year.
Revenue- Networking Platforms- Routing and Switching: $128.90 million versus the four-analyst average estimate of $128.64 million. The reported number represents a year-over-year change of +25.4%.
Revenue- Platform Software and Services: $82.10 million versus $82.47 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +14.7% change.
Revenue- Services: $226.69 million compared to the $192.35 million average estimate based on three analysts. The reported number represents a change of +18.4% year over year.
Revenue- Products: $902.80 million versus $908.73 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +15.8% change.
Revenue- Global Services- Installation and Deployment: $60.10 million compared to the $57.92 million average estimate based on two analysts. The reported number represents a change of +62.9% year over year.
Revenue- Global Services- Maintenance Support and Training: $74.40 million versus $74.87 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +1.8% change.
Revenue- Global Services- Consulting and Network Design: $16 million compared to the $11.44 million average estimate based on two analysts. The reported number represents a change of +3.2% year over year.
View all Key Company Metrics for Ciena here>>>
Shares of Ciena have returned +6% over the past month versus the Zacks S&P 500 composite's +4.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
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Ciena Corporation (CIEN) : 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 the quarter ended October 2023, Ciena (CIEN) reported revenue of $1.13 billion, up 16.3% over the same period last year. The reported revenue compares to the Zacks Consensus Estimate of $1.1 billion, representing a surprise of +2.54%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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Here is how Ciena performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Revenue- Total Networking Platforms: $876.90 million versus the five-analyst average estimate of $872.01 million. Revenue- Total Global Services: $150.50 million compared to the $129.22 million average estimate based on five analysts. Revenue- Software and Services- Total (Platform+Blue Planet Automation): $102.10 million compared to the $101.27 million average estimate based on four analysts.
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Here is how Ciena performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Revenue- Total Networking Platforms: $876.90 million versus the five-analyst average estimate of $872.01 million. Revenue- Total Global Services: $150.50 million compared to the $129.22 million average estimate based on five analysts. Revenue- Services: $226.69 million compared to the $192.35 million average estimate based on three analysts.
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The reported revenue compares to the Zacks Consensus Estimate of $1.1 billion, representing a surprise of +2.54%. Here is how Ciena performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Revenue- Total Networking Platforms: $876.90 million versus the five-analyst average estimate of $872.01 million. Revenue- Services: $226.69 million compared to the $192.35 million average estimate based on three analysts.
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793e1500-1600-4993-be09-3e03b7c6ba1f
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714057.0
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2023-12-07 00:00:00 UTC
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Are Investors Undervaluing The Pennant Group (PNTG) Right Now?
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DCOMP
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https://www.nasdaq.com/articles/are-investors-undervaluing-the-pennant-group-pntg-right-now-0
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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.
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 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.
The Pennant Group (PNTG) is a stock many investors are watching right now. PNTG is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock is trading with P/E ratio of 16.66 right now. For comparison, its industry sports an average P/E of 20.08. Over the last 12 months, PNTG's Forward P/E has been as high as 21.75 and as low as 13.48, with a median of 15.94.
Investors should also note that PNTG holds a PEG ratio of 1.28. 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. PNTG's industry has an average PEG of 2.28 right now. Within the past year, PNTG's PEG has been as high as 1.67 and as low as 1.04, with a median of 1.23.
Investors should also recognize that PNTG has a P/B ratio of 2.90. The P/B ratio pits a stock's market value against 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 3.30. Over the past 12 months, PNTG's P/B has been as high as 3.68 and as low as 2.26, with a median of 2.73.
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 prefered metric because revenue can't really be manipulated, so sales are often a truer performance indicator. PNTG has a P/S ratio of 0.77. This compares to its industry's average P/S of 1.33.
Value investors will likely look at more than just these metrics, but the above data helps show that The Pennant Group is likely undervalued currently. And when considering the strength of its earnings outlook, PNTG sticks out at as one of the market's strongest value stocks.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
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.
|
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. Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales.
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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. 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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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today. The Pennant Group (PNTG) is a stock many investors are watching right now.
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Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today. PNTG has a P/S ratio of 0.77.
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b3819835-9c17-4a81-b6c0-fb96fcbbbd95
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714058.0
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2023-12-07 00:00:00 UTC
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Are Investors Undervaluing PBF Energy (PBF) Right Now?
|
DCOMP
|
https://www.nasdaq.com/articles/are-investors-undervaluing-pbf-energy-pbf-right-now-2
|
nan
|
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, 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.
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 company value investors might notice is PBF Energy (PBF). PBF is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock holds a P/E ratio of 5.34, while its industry has an average P/E of 7.67. Over the past year, PBF's Forward P/E has been as high as 7.08 and as low as 1.56, with a median of 4.93.
We should also highlight that PBF has a P/B ratio of 0.76. 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. This stock's P/B looks attractive against its industry's average P/B of 1.97. Over the past year, PBF's P/B has been as high as 1.24 and as low as 0.75, with a median of 0.95.
Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. PBF has a P/S ratio of 0.13. This compares to its industry's average P/S of 0.35.
Finally, our model also underscores that PBF has a P/CF ratio of 1.62. 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. PBF's current P/CF looks attractive when compared to its industry's average P/CF of 5.12. Over the past 52 weeks, PBF's P/CF has been as high as 1.98 and as low as 1.10, with a median of 1.62.
Value investors will likely look at more than just these metrics, but the above data helps show that PBF Energy is likely undervalued currently. And when considering the strength of its earnings outlook, PBF sticks out at as one of the market's strongest value stocks.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
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
PBF Energy Inc. (PBF) : 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. Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
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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. 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 PBF Energy Inc. (PBF) : Free Stock Analysis Report To read this article on Zacks.com click here.
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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. One company value investors might notice is PBF Energy (PBF). Click to get this free report PBF Energy Inc. (PBF) : 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. Value investors also use the P/S ratio. PBF has a P/S ratio of 0.13.
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08e28956-8e0e-4ce0-8745-879f2f7f0ad6
|
714059.0
|
2023-12-07 00:00:00 UTC
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Should Value Investors Buy Liberty Energy (LBRT) Stock?
|
DCOMP
|
https://www.nasdaq.com/articles/should-value-investors-buy-liberty-energy-lbrt-stock-1
|
nan
|
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, 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.
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 company value investors might notice is Liberty Energy (LBRT). LBRT is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock holds a P/E ratio of 6.24, while its industry has an average P/E of 12.55. Over the past year, LBRT's Forward P/E has been as high as 7.91 and as low as 3.32, with a median of 4.80.
We should also highlight that LBRT has a P/B ratio of 1.79. 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. This stock's P/B looks attractive against its industry's average P/B of 2.44. Over the past year, LBRT's P/B has been as high as 2.10 and as low as 1.29, with a median of 1.70.
Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. LBRT has a P/S ratio of 0.61. This compares to its industry's average P/S of 0.72.
Finally, our model also underscores that LBRT has a P/CF ratio of 3.27. 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. LBRT's current P/CF looks attractive when compared to its industry's average P/CF of 8.42. Over the past 52 weeks, LBRT's P/CF has been as high as 6.18 and as low as 2.33, with a median of 3.22.
Value investors will likely look at more than just these metrics, but the above data helps show that Liberty Energy is likely undervalued currently. And when considering the strength of its earnings outlook, LBRT sticks out at as one of the market's strongest value stocks.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Liberty Energy Inc. (LBRT) : Free Stock Analysis Report
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. Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
|
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. 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 Liberty Energy Inc. (LBRT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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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. 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. Click to get this free report Liberty Energy Inc. (LBRT) : 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. Value investors also use the P/S ratio. LBRT has a P/S ratio of 0.61.
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95f05c6b-faa3-497e-9e4b-3a2c063678b3
|
714060.0
|
2023-12-07 00:00:00 UTC
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Are Investors Undervaluing Old Republic International (ORI) Right Now?
|
DCOMP
|
https://www.nasdaq.com/articles/are-investors-undervaluing-old-republic-international-ori-right-now-0
|
nan
|
nan
|
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.
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 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.
Old Republic International (ORI) is a stock many investors are watching right now. ORI is currently sporting a Zacks Rank of #2 (Buy) and an A for Value.
We should also highlight that ORI has a P/B ratio of 1.39. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 2.52. ORI's P/B has been as high as 1.40 and as low as 1.12, with a median of 1.26, over the past year.
Finally, our model also underscores that ORI has a P/CF ratio of 8.85. 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 9.28. Within the past 12 months, ORI's P/CF has been as high as 13.03 and as low as 7.90, with a median of 10.28.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Old Republic International is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, ORI feels like a great value stock at the moment.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
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
Old Republic International Corporation (ORI) : 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. 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.
|
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Click to get this free report Old Republic International Corporation (ORI) : 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.
|
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. 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.
|
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. 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.
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47c66058-5025-426d-bacc-fcfe295efaa8
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714061.0
|
2023-12-07 00:00:00 UTC
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Here's Why You Should Hold Illinois Tool (ITW) Stock for Now
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DCOMP
|
https://www.nasdaq.com/articles/heres-why-you-should-hold-illinois-tool-itw-stock-for-now-0
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nan
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nan
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Illinois Tool Works Inc. ITW is gaining from improved performances in the Automotive Original Equipment Manufacturer (OEM) and Food Equipment segments, which have helped offset the softness in the Test & Measurement and Electronics and Specialty Products segments. Decline in costs as well as easing supply chains have aided margins.
Let us discuss the reasons why investors should retain the stock for the time being.
Growth Catalysts
Business Strength: Favorable customer mix and product line simplification activities are boosting revenues in the Automotive OEM segment. The segment’s revenues increased 8.8% year over year in the first nine months of 2023. The Food Equipment unit is being aided by growth in the institutional, food retail and restaurant end markets. Revenues from the segment jumped 8.5% year over year in the first nine months.
Enterprise Initiatives: Decreasing cost of sales and enterprise initiatives are supporting Illinois Tool’s margin performance. The company’s operating margin of 25.2% increased 180 basis points in the first nine months of 2023, as enterprise initiatives contributed 140 basis points. For 2023, ITW expects the operating margin to be 25-25.5%. Enterprise initiatives are expected to contribute more than 100 basis points to the operating margin.
Rewards to Shareholders: The company continues to increase shareholders’ value through dividend payments & share repurchases. In the first nine months of 2023, Illinois Tool bought back shares worth $1.1 billion. In August 2023, the company hiked its dividend by 7% to $1.40 per share. Illinois Tool expects to repurchase $1.5 billion worth of shares in 2023.
Considering the above-mentioned positives, we believe investors should retain the Illinois Tool stock for now, as suggested by its current Zacks Rank #3 (Hold). In the past year, shares of the company have increased 12.1%.
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked companies from the Industrial Products sector are discussed below:
Flowserve Corporation FLS presently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
FLS delivered a trailing four-quarter average earnings surprise of 27.3%. In the past 60 days, the Zacks Consensus Estimate for Flowserve’s 2023 earnings has increased 3.1%. The stock has risen 24.2% in the past year.
Applied Industrial Technologies, Inc. AIT presently carries a Zacks Rank of 2. It has a trailing four-quarter average earnings surprise of 13.9%.
The consensus estimate for AIT’s fiscal 2024 earnings has increased 3.3% in the past 60 days. Shares of Applied Industrial have jumped 30.1% in the past year.
A. O. Smith Corporation AOS currently carries a Zacks Rank of 2. The company delivered a trailing four-quarter average earnings surprise of 14%.
In the past 60 days, the consensus estimate for A. O. Smith’s 2023 earnings has improved 5%. The stock has risen 35% in the past year.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
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
Illinois Tool Works Inc. (ITW) : Free Stock Analysis Report
A. O. Smith Corporation (AOS) : Free Stock Analysis Report
Flowserve Corporation (FLS) : Free Stock Analysis Report
Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report
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.
|
Growth Catalysts Business Strength: Favorable customer mix and product line simplification activities are boosting revenues in the Automotive OEM segment. Considering the above-mentioned positives, we believe investors should retain the Illinois Tool stock for now, as suggested by its current Zacks Rank #3 (Hold). Image Source: Zacks Investment Research Stocks to Consider Some better-ranked companies from the Industrial Products sector are discussed below:
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Illinois Tool Works Inc. ITW is gaining from improved performances in the Automotive Original Equipment Manufacturer (OEM) and Food Equipment segments, which have helped offset the softness in the Test & Measurement and Electronics and Specialty Products segments. Flowserve Corporation FLS presently carries a Zacks Rank #2 (Buy). Click to get this free report Illinois Tool Works Inc. (ITW) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Flowserve Corporation (FLS) : Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Illinois Tool Works Inc. ITW is gaining from improved performances in the Automotive Original Equipment Manufacturer (OEM) and Food Equipment segments, which have helped offset the softness in the Test & Measurement and Electronics and Specialty Products segments. Considering the above-mentioned positives, we believe investors should retain the Illinois Tool stock for now, as suggested by its current Zacks Rank #3 (Hold). Click to get this free report Illinois Tool Works Inc. (ITW) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Flowserve Corporation (FLS) : Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The segment’s revenues increased 8.8% year over year in the first nine months of 2023. In the past year, shares of the company have increased 12.1%. Applied Industrial Technologies, Inc. AIT presently carries a Zacks Rank of 2.
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23512a25-8c3e-44ca-94ff-feb724328fdd
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714062.0
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2023-12-07 00:00:00 UTC
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Are Investors Undervaluing Columbus McKinnon (CMCO) Right Now?
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DCOMP
|
https://www.nasdaq.com/articles/are-investors-undervaluing-columbus-mckinnon-cmco-right-now-0
|
nan
|
nan
|
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.
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 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.
Columbus McKinnon (CMCO) is a stock many investors are watching right now. CMCO is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock is trading with P/E ratio of 11.06 right now. For comparison, its industry sports an average P/E of 12.68. CMCO's Forward P/E has been as high as 14.16 and as low as 9.88, with a median of 11.89, all within the past year.
Another notable valuation metric for CMCO is its P/B ratio of 1.20. 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. This company's current P/B looks solid when compared to its industry's average P/B of 1.55. Over the past 12 months, CMCO's P/B has been as high as 1.45 and as low as 1.03, with a median of 1.24.
Value investors will likely look at more than just these metrics, but the above data helps show that Columbus McKinnon is likely undervalued currently. And when considering the strength of its earnings outlook, CMCO sticks out at as one of the market's strongest value stocks.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
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
Columbus McKinnon Corporation (CMCO) : 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. 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 proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Click to get this free report Columbus McKinnon Corporation (CMCO) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment. Columbus McKinnon (CMCO) is a stock many investors are watching right now.
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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. CMCO is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. See Stocks Now >> Want the latest recommendations from Zacks Investment Research?
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b06ab85a-526a-44a6-84e5-3ff1ac20ed78
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714063.0
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2023-12-07 00:00:00 UTC
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3 Stocks in Focus on New Analyst Coverage
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DCOMP
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https://www.nasdaq.com/articles/3-stocks-in-focus-on-new-analyst-coverage
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nan
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nan
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The significance of recent analyst coverage becomes apparent through the wealth of data it reveals for investors. Analysts have access to essential information that plays a pivotal role in making informed investment decisions.
OFG Bancorp OFG, Lamar Advertising Company LAMR and Landsea Homes Corporation LSEA are three stocks that have witnessed new analyst coverage lately. These are, therefore, expected to attract investor attention.
Coverage initiation on a stock by analyst(s) usually portrays higher investor inclination. Investors, on their part, often assume that there is something special in a stock to attract analysts to cover it. In other words, they believe that the company coming under the microscope definitely holds some value.
Do analysts create value for companies by initiating coverage? Of course, they do because they play an important intermediary role with their extensive access to relevant data. Many investors have immense faith in analysts’ research as they fear that a lack of information might trigger inefficiencies.
Obviously, stocks are not randomly chosen to cover. A new coverage on a stock usually reflects a reassuring future envisioned by the analyst(s). At times, increased investor focus on a stock motivates analysts to take a closer look at it. After all, who doesn’t like to produce something that is already in demand? Hence, we often find that analysts’ ratings on newly added stocks are more favorable than their ratings on continuously covered stocks.
Needless to say, the average change in broker recommendation is preferable to a single recommendation change.
Impact on Stock Price
The price movement of a stock is generally a function of the recommendations from new analysts. Stocks typically see an upward price movement with new analyst coverage compared to what they witness with a rating upgrade under an existing coverage. Positive recommendations — Buy and Strong Buy — generally lead to a significantly positive price reaction compared with Hold recommendations. On the contrary, analysts hardly initiate coverage with a Strong Sell or Sell recommendation.
Now, if an analyst issues a new recommendation on a company that has very little or no existing coverage, investors start paying more attention to it. Also, any further information attracts portfolio managers to build a position in the stock.
So, it’s a good strategy to bet on stocks that have seen increased analyst coverage over the last few weeks.
Screening Criteria
The Number of Broker Ratings now greater than the Number of Broker Ratings four weeks ago (this will shortlist stocks that have recent new coverage).
Average Broker Rating less than Average Broker Rating four weeks ago (“less than” means “better than” four weeks ago).
Increased analyst coverage and improving average rating are the primary criteria of this strategy, but one should also consider other relevant parameters to make it foolproof.
Here are the other screening parameters:
Price greater than or equal to $5 (as a stock below $5 will not likely create significant interest for most investors).
Average Daily Volume greater than or equal to 100,000 shares (if the volume isn’t enough, it will not attract individual investors).
Here are three out of seven stocks that passed the screen:
OFG: This San Juan, Puerto Rico-based financial holding company provides a range of banking and financial services. The company’s shares have gained 28.8% in the past year versus the industry’s 13.4% decline.
OFG — a Zacks Rank #2 (Buy) company — has an expected earnings per share (EPS) year-over-year growth rate of 10.2% for 2023. The EPS estimates for 2023 and 2024 have increased to $3.79 (from $3.74) and $3.75 (from $3.74) over the past 60 days. This depicts analysts’ optimism over the company’s prospects. The company’s earnings surpassed the Zacks Consensus Estimate in all the trailing four quarters, the average being 7.3%.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Lamar Advertising: Based in Baton Rouge, LA, this company functions as an outdoor advertising firm within North America, managing around 363,000 displays throughout the United States and Canada. The company provides a variety of advertising formats, including billboards, interstate logos, transit options and airport displays. It caters to the promotional needs of both local businesses and national brands. The company’s shares have gained 10.6% in the past year versus the industry’s 2.9% decline.
LAMR — a Zacks Rank #2 company — has an expected EPS year-over-year growth rate of 5.1% for 2024. The EPS estimates for 2024 have increased to $7.68 (from $7.59) in the past 60 days. The company’s earnings surpassed the Zacks Consensus Estimate in three of the trailing four quarters but missed on one occasion, the average being 2.1%.
Landsea Homes: Headquartered in Dallas, TX, Landsea Homes is a publicly-traded residential homebuilder specializing in the design and construction of top-tier homes and sustainable master-planned communities. The company focuses on creating exceptional living spaces in some of the most sought-after markets across the nation. The stock has surged 114.5% in the past year compared with the industry’s 17.4% rise.
LSEA — a Zacks Rank #3 (Hold) company — has an expected EPS year-over-year growth rate of 35.1% for 2024. The EPS estimates for 2024 have increased to $1.54 (from $1.49) in the past 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.
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.
Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance
Only $1 to See All Zacks' Buys and Sells
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Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
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Lamar Advertising Company (LAMR) : Free Stock Analysis Report
OFG Bancorp (OFG) : Free Stock Analysis Report
Landsea Homes Corporation (LSEA) : 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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Increased analyst coverage and improving average rating are the primary criteria of this strategy, but one should also consider other relevant parameters to make it foolproof. OFG — a Zacks Rank #2 (Buy) company — has an expected earnings per share (EPS) year-over-year growth rate of 10.2% for 2023. The company provides a variety of advertising formats, including billboards, interstate logos, transit options and airport displays.
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OFG Bancorp OFG, Lamar Advertising Company LAMR and Landsea Homes Corporation LSEA are three stocks that have witnessed new analyst coverage lately. OFG — a Zacks Rank #2 (Buy) company — has an expected earnings per share (EPS) year-over-year growth rate of 10.2% for 2023. Click to get this free report Lamar Advertising Company (LAMR) : Free Stock Analysis Report OFG Bancorp (OFG) : Free Stock Analysis Report Landsea Homes Corporation (LSEA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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OFG Bancorp OFG, Lamar Advertising Company LAMR and Landsea Homes Corporation LSEA are three stocks that have witnessed new analyst coverage lately. Hence, we often find that analysts’ ratings on newly added stocks are more favorable than their ratings on continuously covered stocks. Click to get this free report Lamar Advertising Company (LAMR) : Free Stock Analysis Report OFG Bancorp (OFG) : Free Stock Analysis Report Landsea Homes Corporation (LSEA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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OFG Bancorp OFG, Lamar Advertising Company LAMR and Landsea Homes Corporation LSEA are three stocks that have witnessed new analyst coverage lately. Do analysts create value for companies by initiating coverage? Positive recommendations — Buy and Strong Buy — generally lead to a significantly positive price reaction compared with Hold recommendations.
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608b5e94-039b-4dab-a8a2-84627e4dc59a
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714064.0
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2023-12-07 00:00:00 UTC
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Syros (SYRS) Rises on Upbeat Initial Study Data on Tamibarotene
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DCOMP
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https://www.nasdaq.com/articles/syros-syrs-rises-on-upbeat-initial-study-data-on-tamibarotene
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Shares of Syros Pharmaceuticals, Inc. SYRS were up 42.5% on Dec 6 after the company announced positive initial data from the phase II SELECT-AML-1 study evaluating tamibarotene, its oral, selective, retinoic acid receptor alpha agonist.
The ongoing SELECT-AML-1 study is investigating the safety and efficacy of tamibarotene in combination with venetoclax and azacitidine in newly diagnosed, unfit patients with acute myeloid leukemia (“AML”) and RARA gene overexpression.
The primary endpoint of the study is to check the complete response rate (CR)/complete response with incomplete hematologic recovery (Cri).
Initial data from the study showed that patients treated with the combination of tamibarotene plus venetoclax and azacytidine had a 100% CR/CRi rate as compared with 70% of patients who were treated with venetoclax and azacytidine alone.
Per the company, the triplet regimen of tamibarotene plus venetoclax and azacytidine continues to demonstrate a favorable tolerability profile in the given patient population.
Additional data from the SELECT-AML-1 study is expected in 2024.
Shares of Syros have rallied 12% year to date against the industry’s decline of 20.9%.
Image Source: Zacks Investment Research
Apart from AML, tamibarotene is also being evaluated in a phase III SELECT-MDS-1 study in combination with azacitidine in patients with higher-risk myelodysplastic syndrome (HR-MDS). Enrollment in the study is expected to be completed in the first quarter of 2024, while pivotal CR data is expected by the middle of the fourth quarter of 2024.
We note that, in October 2023, Syros entered into a strategic realignment focused on prioritizing development and pre-launch activities, advancing tamibarotene for the frontline treatment of HR-MDS and AML.
As part of this strategic realignment, Syros stopped the clinical development of its other candidate, SY-2101, for the treatment of newly diagnosed acute promyelocytic leukemia.
In the absence of a marketed product in its portfolio, the successful development of tamibarotene remains a key focus for the company.
Zacks Rank & Stocks to Consider
Syros currently carries a Zacks Rank #4 (Sell).
Some better-ranked stocks in the healthcare sector are Aquestive Therapeutics, Inc. AQST, Entrada Therapeutics, Inc. TRDA and Puma Biotechnology, Inc. PBYI, each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
In the past 60 days, estimates for Aquestive Therapeutics’ 2023 loss per share have narrowed from 25 cents to 7 cents. Meanwhile, loss per share estimates for 2024 have narrowed from 56 cents to 34 cents. Year to date, shares of AQST have surged 128.4%.
Earnings of Aquestive Therapeutics beat estimates in three of the last four quarters while missing the same on the remaining occasion. AQST delivered a four-quarter earnings surprise of 70.58%, on average.
In the past 60 days, estimates for Entrada Therapeutics’ 2023 loss per share have narrowed from $2.07 to 9 cents. Meanwhile, loss per share estimates for 2024 have narrowed from $2.35 to $2.04. Year to date, shares of TRDA have increased 1.9%.
Earnings of Entrada Therapeutics beat estimates in three of the last four quarters while missing the same on the remaining occasion. TRDA delivered a four-quarter average earnings surprise of 70.68%.
In the past 60 days, estimates for Puma Biotechnology’s 2023 earnings per share have improved from 67 cents to 72 cents. During the same period, earnings per share estimates for 2024 have moved up from 55 cents to 64 cents. Year to date, shares of PBYI have lost 7.8%.
Earnings of Puma Biotechnology beat estimates in three of the last four quarters while missing the same on the remaining occasion. PBYI delivered a four-quarter average earnings surprise of 76.55%.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
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Puma Biotechnology, Inc. (PBYI) : Free Stock Analysis Report
Syros Pharmaceuticals, Inc. (SYRS) : Free Stock Analysis Report
Aquestive Therapeutics, Inc. (AQST) : Free Stock Analysis Report
Entrada Therapeutics, Inc. (TRDA) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of Syros Pharmaceuticals, Inc. SYRS were up 42.5% on Dec 6 after the company announced positive initial data from the phase II SELECT-AML-1 study evaluating tamibarotene, its oral, selective, retinoic acid receptor alpha agonist. The ongoing SELECT-AML-1 study is investigating the safety and efficacy of tamibarotene in combination with venetoclax and azacitidine in newly diagnosed, unfit patients with acute myeloid leukemia (“AML”) and RARA gene overexpression. Image Source: Zacks Investment Research Apart from AML, tamibarotene is also being evaluated in a phase III SELECT-MDS-1 study in combination with azacitidine in patients with higher-risk myelodysplastic syndrome (HR-MDS).
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Some better-ranked stocks in the healthcare sector are Aquestive Therapeutics, Inc. AQST, Entrada Therapeutics, Inc. TRDA and Puma Biotechnology, Inc. PBYI, each sporting a Zacks Rank #1 (Strong Buy). In the past 60 days, estimates for Aquestive Therapeutics’ 2023 loss per share have narrowed from 25 cents to 7 cents. Click to get this free report Puma Biotechnology, Inc. (PBYI) : Free Stock Analysis Report Syros Pharmaceuticals, Inc. (SYRS) : Free Stock Analysis Report Aquestive Therapeutics, Inc. (AQST) : Free Stock Analysis Report Entrada Therapeutics, Inc. (TRDA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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In the past 60 days, estimates for Aquestive Therapeutics’ 2023 loss per share have narrowed from 25 cents to 7 cents. In the past 60 days, estimates for Puma Biotechnology’s 2023 earnings per share have improved from 67 cents to 72 cents. Click to get this free report Puma Biotechnology, Inc. (PBYI) : Free Stock Analysis Report Syros Pharmaceuticals, Inc. (SYRS) : Free Stock Analysis Report Aquestive Therapeutics, Inc. (AQST) : Free Stock Analysis Report Entrada Therapeutics, Inc. (TRDA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Image Source: Zacks Investment Research Apart from AML, tamibarotene is also being evaluated in a phase III SELECT-MDS-1 study in combination with azacitidine in patients with higher-risk myelodysplastic syndrome (HR-MDS). Some better-ranked stocks in the healthcare sector are Aquestive Therapeutics, Inc. AQST, Entrada Therapeutics, Inc. TRDA and Puma Biotechnology, Inc. PBYI, each sporting a Zacks Rank #1 (Strong Buy). In the past 60 days, estimates for Puma Biotechnology’s 2023 earnings per share have improved from 67 cents to 72 cents.
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602e29bc-68bb-481f-8a10-95894ba32e3f
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714065.0
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2023-12-07 00:00:00 UTC
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Are Investors Undervaluing Xerox (XRX) Right Now?
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DCOMP
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https://www.nasdaq.com/articles/are-investors-undervaluing-xerox-xrx-right-now-0
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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.
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.
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 company to watch right now is Xerox (XRX). XRX is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock has a Forward P/E ratio of 7.83. This compares to its industry's average Forward P/E of 15.90. XRX's Forward P/E has been as high as 20.86 and as low as 6.69, with a median of 9.44, all within the past year.
Finally, we should also recognize that XRX has a P/CF ratio of 5.09. 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. XRX's P/CF compares to its industry's average P/CF of 15.37. Within the past 12 months, XRX's P/CF has been as high as 7.56 and as low as -6.19, with a median of 5.55.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Xerox is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, XRX feels like a great value stock at the moment.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
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
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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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. Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system.
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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 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 proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment. Click to get this free report Xerox Holdings Corporation (XRX) : 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 company to watch right now is Xerox (XRX). XRX's Forward P/E has been as high as 20.86 and as low as 6.69, with a median of 9.44, all within the past year.
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c0820fd5-a430-4440-9ea4-c7e7c7d1ee9d
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714066.0
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2023-12-07 00:00:00 UTC
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Here's Why FedEx (FDX) is a Strong Value Stock
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DCOMP
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https://www.nasdaq.com/articles/heres-why-fedex-fdx-is-a-strong-value-stock-1
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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 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 includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores?
The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth Score
Growth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum Score
Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM Score
If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
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 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.
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: FedEx (FDX)
Based in Memphis, TN, FedEx Corporation is the leader in global express delivery services. The company, founded in 1971, provides a broad portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand.
FDX is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 14.69; value investors should take notice.
Two analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.05 to $18.19 per share. FDX also boasts an average earnings surprise of 16.9%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, FDX should be on investors' short list.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
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.
|
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. 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 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. Click to get this free report FedEx Corporation (FDX) : 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. 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.
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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. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B.
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7a586d0d-f713-4b29-871e-b6b92827bb76
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714067.0
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2023-12-07 00:00:00 UTC
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Should Value Investors Buy Axis Capital Holdings (AXS) Stock?
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DCOMP
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https://www.nasdaq.com/articles/should-value-investors-buy-axis-capital-holdings-axs-stock-5
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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 rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
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.
One stock to keep an eye on is Axis Capital Holdings (AXS). AXS is currently sporting a Zacks Rank of #2 (Buy) and an A for Value.
Investors should also note that AXS holds a PEG ratio of 1.19. 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. AXS's industry currently sports an average PEG of 2.41. AXS's PEG has been as high as 2 and as low as 1.15, with a median of 1.35, all within the past year.
We should also highlight that AXS has a P/B ratio of 1.07. The P/B ratio pits a stock's market value against 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 1.44. Within the past 52 weeks, AXS's P/B has been as high as 1.31 and as low as 1, with a median of 1.07.
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. AXS has a P/S ratio of 0.85. This compares to its industry's average P/S of 1.04.
Finally, our model also underscores that AXS has a P/CF ratio of 7.66. 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. AXS's P/CF compares to its industry's average P/CF of 8.73. Over the past 52 weeks, AXS's P/CF has been as high as 17.12 and as low as 7.23, with a median of 11.32.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Axis Capital Holdings is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, AXS feels like a great value stock at the moment.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
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
Axis Capital Holdings Limited (AXS) : 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 rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits. Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales.
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The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. One stock to keep an eye on is Axis Capital Holdings (AXS). Click to get this free report Axis Capital Holdings Limited (AXS) : 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. 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 Axis Capital Holdings Limited (AXS) : 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. Investors should also note that AXS holds a PEG ratio of 1.19. AXS has a P/S ratio of 0.85.
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d54bed49-dbb1-4d19-965a-40602852a81d
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714068.0
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2023-12-07 00:00:00 UTC
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Is Elekta (EKTAY) a Great Value Stock Right Now?
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DCOMP
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https://www.nasdaq.com/articles/is-elekta-ektay-a-great-value-stock-right-now
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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.
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.
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 Elekta (EKTAY). EKTAY is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock is trading with a P/E ratio of 24.98, which compares to its industry's average of 30.56. Over the past year, EKTAY's Forward P/E has been as high as 52.33 and as low as 18.67, with a median of 23.19.
Investors should also recognize that EKTAY has a P/B ratio of 3.16. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 3.78. Over the past year, EKTAY's P/B has been as high as 3.56 and as low as 2.51, with a median of 3.10.
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. EKTAY has a P/S ratio of 1.86. This compares to its industry's average P/S of 2.9.
Finally, investors will want to recognize that EKTAY has a P/CF ratio of 14.56. 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. EKTAY's P/CF compares to its industry's average P/CF of 23.32. Within the past 12 months, EKTAY's P/CF has been as high as 17.26 and as low as 10.94, with a median of 14.57.
These are only a few of the key metrics included in Elekta'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, EKTAY looks like an impressive value stock at the moment.
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Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
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Elekta AB (EKTAY) : 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. On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. This is a prefered metric because revenue can't really be manipulated, so sales are often a truer performance indicator.
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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. Click to get this free report Elekta AB (EKTAY) : 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. 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.
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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. EKTAY has a P/S ratio of 1.86.
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7f1b0c82-48d4-4c0b-aa89-1e565a19623b
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714069.0
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2023-12-07 00:00:00 UTC
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Are Consumer Discretionary Stocks Lagging Accel Entertainment (ACEL) This Year?
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DCOMP
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https://www.nasdaq.com/articles/are-consumer-discretionary-stocks-lagging-accel-entertainment-acel-this-year
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nan
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nan
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For those looking to find strong Consumer Discretionary stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Accel Entertainment (ACEL) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Discretionary sector should help us answer this question.
Accel Entertainment is a member of our Consumer Discretionary group, which includes 281 different companies and currently sits at #12 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Accel Entertainment is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ACEL's full-year earnings has moved 14.7% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, ACEL has moved about 29.4% on a year-to-date basis. Meanwhile, stocks in the Consumer Discretionary group have gained about 11.8% on average. This means that Accel Entertainment is outperforming the sector as a whole this year.
One other Consumer Discretionary stock that has outperformed the sector so far this year is Codere Online Luxembourg, S.A. (CDRO). The stock is up 27.9% year-to-date.
Over the past three months, Codere Online Luxembourg, S.A.'s consensus EPS estimate for the current year has increased 54%. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Accel Entertainment is a member of the Gaming industry, which includes 39 individual companies and currently sits at #72 in the Zacks Industry Rank. Stocks in this group have gained about 18.8% so far this year, so ACEL is performing better this group in terms of year-to-date returns. Codere Online Luxembourg, S.A. is also part of the same industry.
Accel Entertainment and Codere Online Luxembourg, S.A. could continue their solid performance, so investors interested in Consumer Discretionary stocks should continue to pay close attention to these stocks.
Only $1 to See All Zacks' Buys and Sells
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Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
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Accel Entertainment, Inc. (ACEL) : Free Stock Analysis 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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For those looking to find strong Consumer Discretionary stocks, it is prudent to search for companies in the group that are outperforming their peers. A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Discretionary sector should help us answer this question. Accel Entertainment is a member of our Consumer Discretionary group, which includes 281 different companies and currently sits at #12 in the Zacks Sector Rank.
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Accel Entertainment is a member of our Consumer Discretionary group, which includes 281 different companies and currently sits at #12 in the Zacks Sector Rank. One other Consumer Discretionary stock that has outperformed the sector so far this year is Codere Online Luxembourg, S.A. (CDRO). Click to get this free report Accel Entertainment, Inc. (ACEL) : Free Stock Analysis Report Codere Online Luxembourg, S.A. (CDRO) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Accel Entertainment is a member of our Consumer Discretionary group, which includes 281 different companies and currently sits at #12 in the Zacks Sector Rank. Accel Entertainment and Codere Online Luxembourg, S.A. could continue their solid performance, so investors interested in Consumer Discretionary stocks should continue to pay close attention to these stocks. Click to get this free report Accel Entertainment, Inc. (ACEL) : Free Stock Analysis Report Codere Online Luxembourg, S.A. (CDRO) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Is Accel Entertainment (ACEL) one of those stocks right now? Accel Entertainment is a member of our Consumer Discretionary group, which includes 281 different companies and currently sits at #12 in the Zacks Sector Rank. The stock currently has a Zacks Rank #2 (Buy).
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48ea659a-75f5-4a05-9949-218949ea4938
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714070.0
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2023-12-07 00:00:00 UTC
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Compared to Estimates, Upstart Holdings, Inc. (UPST) Q3 Earnings: A Look at Key Metrics (Revised)
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DCOMP
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https://www.nasdaq.com/articles/compared-to-estimates-upstart-holdings-inc.-upst-q3-earnings%3A-a-look-at-key-metrics-0
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nan
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nan
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Upstart Holdings, Inc. (UPST) reported $134.56 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 14.4%. EPS of -$0.05 for the same period compares to -$0.24 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $139.69 million, representing a surprise of -3.67%. The company delivered an EPS surprise of -150.00%, with the consensus EPS estimate being -$0.02.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Upstart Holdings, Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Transaction Volume: $1219.26 thousand versus $1276.38 thousand estimated by two analysts on average.
Revenue- Revenue from fees, net: $146.76 million versus $149.81 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -30.30% change.
Revenue- Interest income and fair value adjustments, net: -$12.2 million versus the five-analyst average estimate of -$6.31 million. The reported number represents a year-over-year change of -167.67.
Revenue- Platform and referral fees, net: $112.44 million compared to the $112.76 million average estimate based on four analysts.
Revenue- Servicing and other fees, net: $34.32 million versus the four-analyst average estimate of $36.95 million.
View all Key Company Metrics for Upstart Holdings, Inc. here>>>
Shares of Upstart Holdings, Inc. have returned -23.9% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
(We are reissuing this article to correct a mistake. The original article, issued on November 10, 2023, should no longer be relied upon.)
Only $1 to See All Zacks' Buys and Sells
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Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
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Upstart Holdings, Inc. (UPST) : 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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Upstart Holdings, Inc. (UPST) reported $134.56 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 14.4%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. Shares of Upstart Holdings, Inc. have returned -23.9% over the past month versus the Zacks S&P 500 composite's +0.4% change.
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Here is how Upstart Holdings, Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Transaction Volume: $1219.26 thousand versus $1276.38 thousand estimated by two analysts on average. Revenue- Revenue from fees, net: $146.76 million versus $149.81 million estimated by five analysts on average. Click to get this free report Upstart Holdings, Inc. (UPST) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The reported revenue compares to the Zacks Consensus Estimate of $139.69 million, representing a surprise of -3.67%. Here is how Upstart Holdings, Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Transaction Volume: $1219.26 thousand versus $1276.38 thousand estimated by two analysts on average. Revenue- Revenue from fees, net: $146.76 million versus $149.81 million estimated by five analysts on average.
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The reported revenue compares to the Zacks Consensus Estimate of $139.69 million, representing a surprise of -3.67%. Here is how Upstart Holdings, Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Transaction Volume: $1219.26 thousand versus $1276.38 thousand estimated by two analysts on average. View all Key Company Metrics for Upstart Holdings, Inc. here>>>
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b70d0665-bc23-4522-85ab-bdaafad2a161
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714071.0
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2023-12-07 00:00:00 UTC
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Is Advanced Emissions Solutions (ADES) Stock Outpacing Its Industrial Products Peers This Year?
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DCOMP
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https://www.nasdaq.com/articles/is-advanced-emissions-solutions-ades-stock-outpacing-its-industrial-products-peers-this-0
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nan
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nan
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The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Advanced Emissions Solutions, Inc. (ADES) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
Advanced Emissions Solutions, Inc. 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 sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Advanced Emissions Solutions, Inc. is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ADES' full-year earnings has moved 11.1% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, ADES has returned 10.3% so far this year. In comparison, Industrial Products companies have returned an average of 7.5%. This means that Advanced Emissions Solutions, Inc. is performing better than its sector in terms of year-to-date returns.
One other Industrial Products stock that has outperformed the sector so far this year is Applied Industrial Technologies (AIT). The stock is up 30.1% year-to-date.
In Applied Industrial Technologies' case, the consensus EPS estimate for the current year increased 3.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Advanced Emissions Solutions, Inc. belongs to the Pollution Control industry, a group that includes 11 individual companies and currently sits at #72 in the Zacks Industry Rank. On average, this group has lost an average of 4.8% so far this year, meaning that ADES is performing better in terms of year-to-date returns.
In contrast, Applied Industrial Technologies falls under the Manufacturing - General Industrial industry. Currently, this industry has 41 stocks and is ranked #146. Since the beginning of the year, the industry has moved +14.8%.
Going forward, investors interested in Industrial Products stocks should continue to pay close attention to Advanced Emissions Solutions, Inc. and Applied Industrial Technologies as they could maintain their solid performance.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
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
Advanced Emissions Solutions, Inc. (ADES) : Free Stock Analysis Report
Applied Industrial Technologies, Inc. (AIT) : 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 Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Advanced Emissions Solutions, Inc. (ADES) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? In Applied Industrial Technologies' case, the consensus EPS estimate for the current year increased 3.7% over the past three months.
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The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. Going forward, investors interested in Industrial Products stocks should continue to pay close attention to Advanced Emissions Solutions, Inc. and Applied Industrial Technologies as they could maintain their solid performance. Click to get this free report Advanced Emissions Solutions, Inc. (ADES) : Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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One other Industrial Products stock that has outperformed the sector so far this year is Applied Industrial Technologies (AIT). Going forward, investors interested in Industrial Products stocks should continue to pay close attention to Advanced Emissions Solutions, Inc. and Applied Industrial Technologies as they could maintain their solid performance. Click to get this free report Advanced Emissions Solutions, Inc. (ADES) : Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Advanced Emissions Solutions, Inc. is a member of the Industrial Products sector. Currently, this industry has 41 stocks and is ranked #146. Going forward, investors interested in Industrial Products stocks should continue to pay close attention to Advanced Emissions Solutions, Inc. and Applied Industrial Technologies as they could maintain their solid performance.
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b279930c-26b3-48a4-83b3-59d64df58a61
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714072.0
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2023-12-07 00:00:00 UTC
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Are Computer and Technology Stocks Lagging CrowdStrike (CRWD) This Year?
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DCOMP
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https://www.nasdaq.com/articles/are-computer-and-technology-stocks-lagging-crowdstrike-crwd-this-year-0
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nan
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nan
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The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is CrowdStrike Holdings (CRWD) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
CrowdStrike Holdings is a member of the Computer and Technology sector. This group includes 625 individual stocks and currently holds a Zacks Sector Rank of #4. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. CrowdStrike Holdings is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for CRWD's full-year earnings has moved 57.2% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, CRWD has returned 127.4% so far this year. At the same time, Computer and Technology stocks have gained an average of 44.5%. This shows that CrowdStrike Holdings is outperforming its peers so far this year.
Another Computer and Technology stock, which has outperformed the sector so far this year, is Nutanix (NTNX). The stock has returned 71.8% year-to-date.
In Nutanix's case, the consensus EPS estimate for the current year increased 42.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, CrowdStrike Holdings belongs to the Internet - Software industry, which includes 148 individual stocks and currently sits at #34 in the Zacks Industry Rank. On average, stocks in this group have gained 55.9% this year, meaning that CRWD is performing better in terms of year-to-date returns.
On the other hand, Nutanix belongs to the Computers - IT Services industry. This 39-stock industry is currently ranked #55. The industry has moved +32.1% year to date.
Investors interested in the Computer and Technology sector may want to keep a close eye on CrowdStrike Holdings and Nutanix as they attempt to continue their solid performance.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
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CrowdStrike (CRWD) : Free Stock Analysis Report
Nutanix (NTNX) : 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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A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question. On average, stocks in this group have gained 55.9% this year, meaning that CRWD is performing better in terms of year-to-date returns. Investors interested in the Computer and Technology sector may want to keep a close eye on CrowdStrike Holdings and Nutanix as they attempt to continue their solid performance.
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This group includes 625 individual stocks and currently holds a Zacks Sector Rank of #4. Another Computer and Technology stock, which has outperformed the sector so far this year, is Nutanix (NTNX). Click to get this free report CrowdStrike (CRWD) : Free Stock Analysis Report Nutanix (NTNX) : Free Stock Analysis Report To read this article on Zacks.com click here.
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This group includes 625 individual stocks and currently holds a Zacks Sector Rank of #4. Looking more specifically, CrowdStrike Holdings belongs to the Internet - Software industry, which includes 148 individual stocks and currently sits at #34 in the Zacks Industry Rank. Click to get this free report CrowdStrike (CRWD) : Free Stock Analysis Report Nutanix (NTNX) : Free Stock Analysis Report To read this article on Zacks.com click here.
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CrowdStrike Holdings is a member of the Computer and Technology sector. Another Computer and Technology stock, which has outperformed the sector so far this year, is Nutanix (NTNX). The stock currently has a Zacks Rank #2 (Buy).
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f903e233-1b00-406f-944a-2cb6b233186b
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714073.0
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2023-12-07 00:00:00 UTC
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Are Medical Stocks Lagging Corvus Pharmaceuticals (CRVS) This Year?
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DCOMP
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https://www.nasdaq.com/articles/are-medical-stocks-lagging-corvus-pharmaceuticals-crvs-this-year
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nan
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nan
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The Medical group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Corvus Pharmaceuticals (CRVS) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Corvus Pharmaceuticals is a member of the Medical sector. This group includes 1089 individual stocks and currently holds a Zacks Sector Rank of #3. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Corvus Pharmaceuticals is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CRVS' full-year earnings has moved 3.5% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, CRVS has gained about 92.9% so far this year. In comparison, Medical companies have returned an average of -6.9%. This means that Corvus Pharmaceuticals is outperforming the sector as a whole this year.
Another stock in the Medical sector, Cue Biopharma, Inc. (CUE), has outperformed the sector so far this year. The stock's year-to-date return is 2.5%.
For Cue Biopharma, Inc. the consensus EPS estimate for the current year has increased 5.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Corvus Pharmaceuticals belongs to the Medical - Biomedical and Genetics industry, a group that includes 528 individual companies and currently sits at #64 in the Zacks Industry Rank. This group has lost an average of 19.5% so far this year, so CRVS is performing better in this area. Cue Biopharma, Inc. is also part of the same industry.
Going forward, investors interested in Medical stocks should continue to pay close attention to Corvus Pharmaceuticals and Cue Biopharma, Inc. as they could maintain their solid performance.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
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
Corvus Pharmaceuticals, Inc. (CRVS) : Free Stock Analysis Report
Cue Biopharma, Inc. (CUE) : 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 system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. For Cue Biopharma, Inc. the consensus EPS estimate for the current year has increased 5.5% over the past three months. Going forward, investors interested in Medical stocks should continue to pay close attention to Corvus Pharmaceuticals and Cue Biopharma, Inc. as they could maintain their solid performance.
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The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups. The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. Click to get this free report Corvus Pharmaceuticals, Inc. (CRVS) : Free Stock Analysis Report Cue Biopharma, Inc. (CUE) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups. Another stock in the Medical sector, Cue Biopharma, Inc. (CUE), has outperformed the sector so far this year. Click to get this free report Corvus Pharmaceuticals, Inc. (CRVS) : Free Stock Analysis Report Cue Biopharma, Inc. (CUE) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Has Corvus Pharmaceuticals (CRVS) been one of those stocks this year? Corvus Pharmaceuticals is a member of the Medical sector. Another stock in the Medical sector, Cue Biopharma, Inc. (CUE), has outperformed the sector so far this year.
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1aef7a30-4952-444b-a2db-00a6a07bbda8
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714074.0
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2023-12-07 00:00:00 UTC
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Has FlexShopper (FPAY) Outpaced Other Finance Stocks This Year?
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DCOMP
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https://www.nasdaq.com/articles/has-flexshopper-fpay-outpaced-other-finance-stocks-this-year
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nan
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nan
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The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. FlexShopper Inc. (FPAY) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question.
FlexShopper Inc. is one of 844 individual stocks in the Finance sector. Collectively, these companies sit at #9 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. FlexShopper Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for FPAY's full-year earnings has moved 21.9% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that FPAY has returned about 83.8% since the start of the calendar year. In comparison, Finance companies have returned an average of 11%. This shows that FlexShopper Inc. is outperforming its peers so far this year.
First National Corp. (FXNC) is another Finance stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 12.1%.
For First National Corp. the consensus EPS estimate for the current year has increased 0.5% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, FlexShopper Inc. is a member of the Financial - Miscellaneous Services industry, which includes 63 individual companies and currently sits at #174 in the Zacks Industry Rank. On average, stocks in this group have gained 10.4% this year, meaning that FPAY is performing better in terms of year-to-date returns.
First National Corp. however, belongs to the Banks - Southeast industry. Currently, this 61-stock industry is ranked #62. The industry has moved +0.4% so far this year.
Investors with an interest in Finance stocks should continue to track FlexShopper Inc. and First National Corp. These stocks will be looking to continue their solid performance.
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FlexShopper Inc. (FPAY) : Free Stock Analysis Report
First National Corp. (FXNC) : 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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FlexShopper Inc. (FPAY) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? The Zacks Consensus Estimate for FPAY's full-year earnings has moved 21.9% higher within the past quarter. On average, stocks in this group have gained 10.4% this year, meaning that FPAY is performing better in terms of year-to-date returns.
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Breaking things down more, FlexShopper Inc. is a member of the Financial - Miscellaneous Services industry, which includes 63 individual companies and currently sits at #174 in the Zacks Industry Rank. On average, stocks in this group have gained 10.4% this year, meaning that FPAY is performing better in terms of year-to-date returns. Click to get this free report FlexShopper Inc. (FPAY) : Free Stock Analysis Report First National Corp. (FXNC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Breaking things down more, FlexShopper Inc. is a member of the Financial - Miscellaneous Services industry, which includes 63 individual companies and currently sits at #174 in the Zacks Industry Rank. Click to get this free report FlexShopper Inc. (FPAY) : Free Stock Analysis Report First National Corp. (FXNC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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This shows that FlexShopper Inc. is outperforming its peers so far this year. First National Corp. (FXNC) is another Finance stock that has outperformed the sector so far this year. On average, stocks in this group have gained 10.4% this year, meaning that FPAY is performing better in terms of year-to-date returns.
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577b08a4-bcae-4bf3-a0ce-33cd9d2ad4c0
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714075.0
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2023-12-07 00:00:00 UTC
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Should Value Investors Buy Takeda Pharmaceutical Co. (TAK) Stock?
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DCOMP
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https://www.nasdaq.com/articles/should-value-investors-buy-takeda-pharmaceutical-co.-tak-stock-0
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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, 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.
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 company value investors might notice is Takeda Pharmaceutical Co. (TAK). TAK is currently sporting a Zacks Rank of #2 (Buy) and an A for Value.
Another valuation metric that we should highlight is TAK's P/B ratio of 0.91. 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. TAK's current P/B looks attractive when compared to its industry's average P/B of 1.20. Within the past 52 weeks, TAK's P/B has been as high as 1.17 and as low as 0.87, with a median of 1.02.
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 prefered metric because revenue can't really be manipulated, so sales are often a truer performance indicator. TAK has a P/S ratio of 1.46. This compares to its industry's average P/S of 2.91.
Finally, we should also recognize that TAK has a P/CF ratio of 6.76. 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 9.83. Over the past year, TAK's P/CF has been as high as 8.14 and as low as 6.47, with a median of 7.08.
Value investors will likely look at more than just these metrics, but the above data helps show that Takeda Pharmaceutical Co. Is likely undervalued currently. And when considering the strength of its earnings outlook, TAK sticks out at as one of the market's strongest value stocks.
Only $1 to See All Zacks' Buys and Sells
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Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
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Takeda Pharmaceutical Co. (TAK) : 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. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
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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. 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 Takeda Pharmaceutical Co. (TAK) : Free Stock Analysis Report To read this article on Zacks.com click here.
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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. 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 Takeda Pharmaceutical Co. (TAK) : 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. TAK has a P/S ratio of 1.46. See Stocks Now >> Want the latest recommendations from Zacks Investment Research?
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10638863-96f1-4f3c-aeaf-85e735b4226f
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714076.0
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2023-12-07 00:00:00 UTC
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Are Retail-Wholesale Stocks Lagging Carrols Restaurant Group (TAST) This Year?
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DCOMP
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https://www.nasdaq.com/articles/are-retail-wholesale-stocks-lagging-carrols-restaurant-group-tast-this-year-2
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nan
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nan
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The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Carrols Restaurant Group (TAST) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Retail-Wholesale sector should help us answer this question.
Carrols Restaurant Group is a member of the Retail-Wholesale sector. This group includes 221 individual stocks and currently holds a Zacks Sector Rank of #7. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. Carrols Restaurant Group is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for TAST's full-year earnings has moved 13.5% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, TAST has returned 447.8% so far this year. At the same time, Retail-Wholesale stocks have gained an average of 21.3%. This shows that Carrols Restaurant Group is outperforming its peers so far this year.
Another Retail-Wholesale stock, which has outperformed the sector so far this year, is Wingstop (WING). The stock has returned 79.5% year-to-date.
In Wingstop's case, the consensus EPS estimate for the current year increased 10.5% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Carrols Restaurant Group belongs to the Retail - Restaurants industry, which includes 42 individual stocks and currently sits at #44 in the Zacks Industry Rank. On average, stocks in this group have gained 8.3% this year, meaning that TAST is performing better in terms of year-to-date returns. Wingstop is also part of the same industry.
Investors interested in the Retail-Wholesale sector may want to keep a close eye on Carrols Restaurant Group and Wingstop as they attempt to continue their solid performance.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
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
Carrols Restaurant Group, Inc. (TAST) : Free Stock Analysis Report
Wingstop Inc. (WING) : 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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A quick glance at the company's year-to-date performance in comparison to the rest of the Retail-Wholesale sector should help us answer this question. On average, stocks in this group have gained 8.3% this year, meaning that TAST is performing better in terms of year-to-date returns. Investors interested in the Retail-Wholesale sector may want to keep a close eye on Carrols Restaurant Group and Wingstop as they attempt to continue their solid performance.
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This group includes 221 individual stocks and currently holds a Zacks Sector Rank of #7. Looking more specifically, Carrols Restaurant Group belongs to the Retail - Restaurants industry, which includes 42 individual stocks and currently sits at #44 in the Zacks Industry Rank. Click to get this free report Carrols Restaurant Group, Inc. (TAST) : Free Stock Analysis Report Wingstop Inc. (WING) : Free Stock Analysis Report To read this article on Zacks.com click here.
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This group includes 221 individual stocks and currently holds a Zacks Sector Rank of #7. Looking more specifically, Carrols Restaurant Group belongs to the Retail - Restaurants industry, which includes 42 individual stocks and currently sits at #44 in the Zacks Industry Rank. Click to get this free report Carrols Restaurant Group, Inc. (TAST) : Free Stock Analysis Report Wingstop Inc. (WING) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Is Carrols Restaurant Group (TAST) one of those stocks right now? Carrols Restaurant Group is a member of the Retail-Wholesale sector. Another Retail-Wholesale stock, which has outperformed the sector so far this year, is Wingstop (WING).
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41b53ee0-5a48-4da4-bf3b-30c11c153bc3
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714077.0
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2023-12-07 00:00:00 UTC
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2 No-Brainer Stocks I'd Buy Right Now Without Hesitation
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DCOMP
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https://www.nasdaq.com/articles/2-no-brainer-stocks-id-buy-right-now-without-hesitation-2
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nan
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nan
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2023 is gearing up to close on a promising note for the U.S. stock market, a marked change from the disappointing performance of 2022. The benchmark S&P 500 index has gained nearly 20% so far this year and is up by 28% from its bear-market low of October 2022. The technology-heavy Nasdaq Composite has also gained a solid 37% so far in 2023.
Now's a great time for investors to consider picking up stocks that are riding solid secular tailwinds such as artificial intelligence (AI) and digital payments. Nvidia (NASDAQ: NVDA) and PayPal (NASDAQ: PYPL) are piquing my interest as impressive buy-and-hold opportunities for long-term investors.
1. Nvidia
Accelerated-computing leader Nvidia has consistently surpassed analyst revenue and earnings estimates for over a decade and has posted blowout quarterly results throughout 2023. Unsurprisingly, shares of the company have gained nearly 220% so far this year.
Nvidia has been very successful in capitalizing on the AI trend thanks to its well-established dominance in the GPU space. The increasing adoption of AI and machine learning has driven up demand for Nvidia's cutting-edge AI GPUs, far more than the current supply. According to some estimates, Nvidia now accounts for nearly 80% of the AI chip market. Plus, the company's Compute Unified Device Architecture (CUDA) parallel programming platform and programming model used for general computing on GPUs is also benefiting from a sticky user base. The CUDA software toolkit has been used by nearly 4 million developers and downloaded over 40 million times.
Nvidia's data center segment is a major growth driver, with revenue surging by 279% year over year to $14.5 billion in the third quarter. CEO Jensen Huang has estimated that $1 trillion worth of data center infrastructure will be upgraded in the next four years to optimize them for AI workloads. Considering Nvidia's existing moat in this market and its commitment to continuous innovation, the company seems well positioned to leverage this opportunity.
Furthermore, Nvidia's gaming segment revenue grew by 81% year over year to nearly $3 billion in the third quarter. While gaming GPU demand has been muted in the past few quarters mainly due to the lackluster PC market, the third-quarter performance hints at a recovery in this segment.
Nvidia stock trades at a price-to-sales (P/S) ratio of 26, far higher than the median semiconductor industry multiple of 3. While this may seem quite expensive, the company's growth potential in the rapidly growing data center market and its AI capabilities make it an obvious pick for the next decade. Investors could also limit their risk by opting for a dollar-cost-averaging strategy and building a position in Nvidia over time.
2. PayPal
Once a hot favorite of the stock market, fintech company PayPal is currently trading nearly 81% down from its peak. In the past year, the company has faced a challenging phase marked by a significant drop in consumer discretionary spending and multiple transitions and changes in its roster of executives. With people moving back to shopping in physical stores, PayPal has also seen a modest decline in active accounts in the past three quarters. Despite this, the company's core business has proved quite resilient and is now showing signs of recovery.
In the third quarter of fiscal 2023, PayPal's revenue was up 8% year over year to $7.4 billion, while non-GAAP (adjusted) earnings per share (EPS) surged by 20% to $1.30. The metrics are moving in the right direction, especially as newly appointed Chief Executive Officer Alex Chriss plans to focus on PayPal's profitable growth by streamlining operations and reducing costs. Instead of focusing on just increasing active accounts, the CEO is now aiming for high-quality customer growth.
Undoubtedly, PayPal has failed to grow rapidly in the past year, posting only high-single-digit revenue growth. While this is disappointing for a digital payments behemoth, the company is now attempting to reaccelerate its growth by improving its product offerings and go-to-market strategy.
The company has rolled out passkeys to over 10 million customers to improve the sign-in experience, set up fraud alerts for all the cards in the PayPal wallet, and included PayPal- and Venmo-branded credit and debit cards in Apple and Google wallets. The company also plans to leverage data collected from its network (428 million active accounts, which include 35 million merchants) to personalize the branded checkout experience and make it more smooth.
PayPal is currently trading at a price-to-sales ratio of 2.6, far lower than its five-year average of 6 times. This bargain-basement price compensates investors for most of its headwinds. Considering the company's focus on profitability and innovations, the stock seems to have an impressive upside in the long run, making it an attractive buy-and-hold for the next decade.
10 stocks we like better than Nvidia
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Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Manali Bhade has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Apple, Nvidia, and PayPal. The Motley Fool recommends the following options: short December 2023 $67.50 puts on PayPal. 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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While gaming GPU demand has been muted in the past few quarters mainly due to the lackluster PC market, the third-quarter performance hints at a recovery in this segment. In the past year, the company has faced a challenging phase marked by a significant drop in consumer discretionary spending and multiple transitions and changes in its roster of executives. The metrics are moving in the right direction, especially as newly appointed Chief Executive Officer Alex Chriss plans to focus on PayPal's profitable growth by streamlining operations and reducing costs.
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Nvidia's data center segment is a major growth driver, with revenue surging by 279% year over year to $14.5 billion in the third quarter. While this may seem quite expensive, the company's growth potential in the rapidly growing data center market and its AI capabilities make it an obvious pick for the next decade. The Motley Fool has positions in and recommends Alphabet, Apple, Nvidia, and PayPal.
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Nvidia's data center segment is a major growth driver, with revenue surging by 279% year over year to $14.5 billion in the third quarter. Furthermore, Nvidia's gaming segment revenue grew by 81% year over year to nearly $3 billion in the third quarter. PayPal Once a hot favorite of the stock market, fintech company PayPal is currently trading nearly 81% down from its peak.
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According to some estimates, Nvidia now accounts for nearly 80% of the AI chip market. The company also plans to leverage data collected from its network (428 million active accounts, which include 35 million merchants) to personalize the branded checkout experience and make it more smooth. The Motley Fool has positions in and recommends Alphabet, Apple, Nvidia, and PayPal.
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b005133a-93c6-46f9-916a-a2ffa9d3246c
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714078.0
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2023-12-07 00:00:00 UTC
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Reasons to Add AeroVironment (AVAV) to Your Portfolio Now
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DCOMP
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https://www.nasdaq.com/articles/reasons-to-add-aerovironment-avav-to-your-portfolio-now-1
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nan
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nan
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AeroVironment Inc. AVAV is a defense contractor that provides a technologically-advanced portfolio of intelligent, multidomain robotic systems and related services to government agencies and businesses. Its product portfolio includes unmanned aircraft systems, tactical missile systems and unmanned ground vehicles. The company’s stable financial position and increasing demand due to global tensions make it a strong candidate for investment in the defense space.
Let’s focus on the factors that make this Zacks Rank #2 (Buy) stock a strong investment pick at the moment.
Growth Projections & Surprise History
The Zacks Consensus Estimate for AVAV’s fiscal 2024 earnings per share (EPS) is pegged at $2.80. The bottom-line estimates have moved up 1.1% in the past 90 days.
The Zacks Consensus Estimate for current-year sales is pegged at $681.34 million, indicating growth of 26.1% from the 2022 reported figure.
AVAV delivered a trailing four-quarter average earnings surprise of 47.23%.
Debt Position
The total debt-to-capital of AVAV is 18.28%, better than 51.23% registered by the industry. This indicates that the company has less debt than its peers, which is a positive sign.
AVAV has a current ratio of 4.79, better than the industry’s average of 1.16. This implies that the company has sufficient financial capability to pay its short-term debt obligations.
Strong Backlog and Increasing Demand
The solid demand for AeroVironment’s products resulted in a total backlog of $487 million as of Oct 28, 2023.
The future military forces are expected to include more distributed, intelligent and affordable unmanned systems (UMS). AeroVironment has an unmatched portfolio of these solutions with shipment to more than 55 allied countries. During the fiscal second quarter of 2024, AVAV witnessed 115% year-over-year revenue growth in its UMS segment, reflecting the solid demand that its UMS enjoys in the defense space.
Return on Equity (ROE)
ROE is a measure of a company’s financial performance and shows how it is utilizing its funds. AVAV’s current ROE is 13.5%, better than the industry’s average of 11.4%, which indicates that the company is utilizing its funds more efficiently than its peers.
Price Performance
In the past year, AVAV’s shares have rallied 54% compared with the industry’s average growth of 15.1%.
Image Source: Zacks Investment Research
Other Stocks to Consider
A few other top-ranked stocks in the same sector are TransDigm Group Inc. TDG, Textron Inc. TXT and CurtissWright Corp. CW. Each stock carries a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
TDG boasts a long-term earnings (three-to-five-years) growth rate of 16.3%. The Zacks Consensus Estimate for fiscal 2024 sales is pegged at $7.59 billion, implying an improvement of 15.3% from the fiscal 2023 reported figure.
The Zacks Consensus Estimate for fiscal 2024 EPS is pegged at $32.44, reflecting a surge of 25.5% from the fiscal 2023 reported figure.
TXT boasts a long-term earnings growth rate of 11.7%. The Zacks Consensus Estimate for 2023 sales is pegged at $13.7 billion, implying a year-over-year improvement of 6.4%.
The Zacks Consensus Estimate for 2023 EPS is pegged at $5.48, reflecting an increase of 36.7% from the 2022 reported figure.
The Zacks Consensus Estimate for CW’s 2023 EPS is pegged at $9.15, implying a year-over-year improvement of 12.6%. It delivered an average earnings surprise of 4.83% in the past four quarters.
The Zacks Consensus Estimate for 2023 sales is pegged at $2.80 billion, reflecting a rise of 9.4% from the 2022 reported figure.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
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
Textron Inc. (TXT) : Free Stock Analysis Report
Transdigm Group Incorporated (TDG) : Free Stock Analysis Report
AeroVironment, Inc. (AVAV) : Free Stock Analysis Report
Curtiss-Wright Corporation (CW) : 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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AeroVironment Inc. AVAV is a defense contractor that provides a technologically-advanced portfolio of intelligent, multidomain robotic systems and related services to government agencies and businesses. The company’s stable financial position and increasing demand due to global tensions make it a strong candidate for investment in the defense space. Growth Projections & Surprise History The Zacks Consensus Estimate for AVAV’s fiscal 2024 earnings per share (EPS) is pegged at $2.80.
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Growth Projections & Surprise History The Zacks Consensus Estimate for AVAV’s fiscal 2024 earnings per share (EPS) is pegged at $2.80. The Zacks Consensus Estimate for fiscal 2024 sales is pegged at $7.59 billion, implying an improvement of 15.3% from the fiscal 2023 reported figure. Click to get this free report Textron Inc. (TXT) : Free Stock Analysis Report Transdigm Group Incorporated (TDG) : Free Stock Analysis Report AeroVironment, Inc. (AVAV) : Free Stock Analysis Report Curtiss-Wright Corporation (CW) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Growth Projections & Surprise History The Zacks Consensus Estimate for AVAV’s fiscal 2024 earnings per share (EPS) is pegged at $2.80. The Zacks Consensus Estimate for fiscal 2024 sales is pegged at $7.59 billion, implying an improvement of 15.3% from the fiscal 2023 reported figure. Click to get this free report Textron Inc. (TXT) : Free Stock Analysis Report Transdigm Group Incorporated (TDG) : Free Stock Analysis Report AeroVironment, Inc. (AVAV) : Free Stock Analysis Report Curtiss-Wright Corporation (CW) : Free Stock Analysis Report To read this article on Zacks.com click here.
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AeroVironment Inc. AVAV is a defense contractor that provides a technologically-advanced portfolio of intelligent, multidomain robotic systems and related services to government agencies and businesses. Let’s focus on the factors that make this Zacks Rank #2 (Buy) stock a strong investment pick at the moment. Growth Projections & Surprise History The Zacks Consensus Estimate for AVAV’s fiscal 2024 earnings per share (EPS) is pegged at $2.80.
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eea6b38d-d635-40b2-8fc0-a608bcc68348
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714079.0
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2023-12-07 00:00:00 UTC
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AbbVie to focus on smaller deals after buying spree
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DCOMP
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https://www.nasdaq.com/articles/abbvie-to-focus-on-smaller-deals-after-buying-spree
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Adds details from conference call and background throughout, analyst comment in paragraph 8
Dec 7 (Reuters) - U.S. drugmaker AbbVie ABBV.N said on Thursday it intends to focus on smaller deals to support its growth through the next decade, after it struck two multibillion dollar deals in the past week to acquire Cerevel Therapeutics CERE.O and ImmunoGen IMGN.O.
"I would not anticipate similar sized transactions for the foreseeable future," said AbbVie's Chief Operating Officer Robert Michael on a conference call, referring to the company's $8.7 billion buyout of Cerevel Therapeutics CERE.O announced on Wednesday.
AbbVie said it expects to return to "robust growth" in 2025, after its recent buying spree.
"With additions of Cerevel and ImmunoGen, AbbVie is in a stronger position to deliver sustainable long-term performance in the 2030s and beyond timeframe," said the company's Chairman and CEO Richard Gonzalez.
Some Wall Street analysts raised concerns that Cerevel's treatments under development might overlap with AbbVie's products, presenting a potential risk for the deal to get approval from the U.S. Federal Trade Commission.
Gonzalez said AbbVie has "confidence" the deal will get through the FTC.
AbbVie's Vraylar is approved for schizophrenia, bipolar disorder and major depressive disorder. The U.S. drugmaker also has its Parkinson's disease treatment Duodopa in the market and another candidate ABBV-951 in development.
"I think the schizophrenia overlap may warrant some additional scrutiny. However, it is a pretty fragmented kind of space," said BMO Capital analyst Evan Seigerman.
(Reporting by Bhanvi Satija and Khushi Mandowara in Bengaluru; Editing by Krishna Chandra Eluri)
((Bhanvi.Satija@thomsonreuters.com; Outside U.S. +91 9873062788;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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"I would not anticipate similar sized transactions for the foreseeable future," said AbbVie's Chief Operating Officer Robert Michael on a conference call, referring to the company's $8.7 billion buyout of Cerevel Therapeutics CERE.O announced on Wednesday. "With additions of Cerevel and ImmunoGen, AbbVie is in a stronger position to deliver sustainable long-term performance in the 2030s and beyond timeframe," said the company's Chairman and CEO Richard Gonzalez. Some Wall Street analysts raised concerns that Cerevel's treatments under development might overlap with AbbVie's products, presenting a potential risk for the deal to get approval from the U.S. Federal Trade Commission.
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"I would not anticipate similar sized transactions for the foreseeable future," said AbbVie's Chief Operating Officer Robert Michael on a conference call, referring to the company's $8.7 billion buyout of Cerevel Therapeutics CERE.O announced on Wednesday. "With additions of Cerevel and ImmunoGen, AbbVie is in a stronger position to deliver sustainable long-term performance in the 2030s and beyond timeframe," said the company's Chairman and CEO Richard Gonzalez. Some Wall Street analysts raised concerns that Cerevel's treatments under development might overlap with AbbVie's products, presenting a potential risk for the deal to get approval from the U.S. Federal Trade Commission.
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Adds details from conference call and background throughout, analyst comment in paragraph 8 Dec 7 (Reuters) - U.S. drugmaker AbbVie ABBV.N said on Thursday it intends to focus on smaller deals to support its growth through the next decade, after it struck two multibillion dollar deals in the past week to acquire Cerevel Therapeutics CERE.O and ImmunoGen IMGN.O. "I would not anticipate similar sized transactions for the foreseeable future," said AbbVie's Chief Operating Officer Robert Michael on a conference call, referring to the company's $8.7 billion buyout of Cerevel Therapeutics CERE.O announced on Wednesday. Some Wall Street analysts raised concerns that Cerevel's treatments under development might overlap with AbbVie's products, presenting a potential risk for the deal to get approval from the U.S. Federal Trade Commission.
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Adds details from conference call and background throughout, analyst comment in paragraph 8 Dec 7 (Reuters) - U.S. drugmaker AbbVie ABBV.N said on Thursday it intends to focus on smaller deals to support its growth through the next decade, after it struck two multibillion dollar deals in the past week to acquire Cerevel Therapeutics CERE.O and ImmunoGen IMGN.O. "I would not anticipate similar sized transactions for the foreseeable future," said AbbVie's Chief Operating Officer Robert Michael on a conference call, referring to the company's $8.7 billion buyout of Cerevel Therapeutics CERE.O announced on Wednesday. AbbVie said it expects to return to "robust growth" in 2025, after its recent buying spree.
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3f73b42d-aba2-463d-8c54-5c67c7339172
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714080.0
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2023-12-07 00:00:00 UTC
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Here's Why Chubb (CB) is a Strong Value Stock
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DCOMP
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https://www.nasdaq.com/articles/heres-why-chubb-cb-is-a-strong-value-stock-1
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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 research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth Score
Growth investors 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
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.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Chubb (CB)
Chubb Limited was formerly known as ACE Limited. ACE Limited after acquiring The Chubb Corp in Jan 2016 assumed the name of Chubb. Headquartered in Zurich, Switzerland, the company boasts being one of the world’s largest providers of property and casualty (P&C) insurance and reinsurance and largest publicly traded P&C insurer, based on market capitalization of $86 billion. Chubb has diversified through acquisitions into many specialty lines, including marine, medical risk, excess property, environmental and terrorism insurance and has local operations in 54 countries and territories. Chubb provides specialized insurance products such as personal accident, supplemental health and life insurance to individuals in select countries. Its reinsurance operations include both P&C and life companies.
CB is a #2 (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 11.69; value investors should take notice.
Nine analysts revised their earnings estimate higher in the last 60 days for fiscal 2023, while the Zacks Consensus Estimate has increased $0.84 to $19.18 per share. CB also boasts an average earnings surprise of 6.5%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, CB should be on investors' short list.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
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
Chubb Limited (CB) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum. 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. Chubb has diversified through acquisitions into many specialty lines, including marine, medical risk, excess property, environmental and terrorism insurance and has local operations in 54 countries and territories.
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The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. How Style Scores Work with the Zacks Rank 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 Chubb Limited (CB) : 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 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? That's where the Style Scores come in. CB is a #2 (Buy) on the Zacks Rank, with a VGM Score of A.
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91979b44-cd57-476c-abbd-096756d86e97
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714081.0
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2023-12-07 00:00:00 UTC
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Nvidia Stock Is Extremely Attractive According to This Metric
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DCOMP
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https://www.nasdaq.com/articles/nvidia-stock-is-extremely-attractive-according-to-this-metric
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nan
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nan
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In today's video, I discuss recent artificial intelligence (AI) updates affecting Nvidia (NASDAQ: NVDA). Check out the short video to learn more, consider subscribing, and click the special offer link below.
*Stock prices used were the after-market prices of December 6, 2023. The video was published on December 6, 2023.
10 stocks we like better than Nvidia
When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Nvidia wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of December 4, 2023
Jose Najarro has positions in Nvidia. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy. Jose Najarro is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In today's video, I discuss recent artificial intelligence (AI) updates affecting Nvidia (NASDAQ: NVDA). Check out the short video to learn more, consider subscribing, and click the special offer link below. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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In today's video, I discuss recent artificial intelligence (AI) updates affecting Nvidia (NASDAQ: NVDA). After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. See the 10 stocks *Stock Advisor returns as of December 4, 2023 Jose Najarro has positions in Nvidia.
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10 stocks we like better than Nvidia When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. See the 10 stocks *Stock Advisor returns as of December 4, 2023 Jose Najarro has positions in Nvidia.
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See the 10 stocks *Stock Advisor returns as of December 4, 2023 Jose Najarro has positions in Nvidia. The Motley Fool has positions in and recommends Nvidia. Their opinions remain their own and are unaffected by The Motley Fool.
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0c759588-2e4e-49b2-9d6c-b3782d5a8192
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714082.0
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2023-12-07 00:00:00 UTC
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Company News for Dec 7, 2023
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DCOMP
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https://www.nasdaq.com/articles/company-news-for-dec-7-2023
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nan
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nan
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SentinelOne, Inc. (S) shares surged 16.6% after the company reported third-quarter 2023 revenues of $164.17 million, outpacing the Zacks Consensus Estimate by 5.1%.
Box, Inc. (BOX) shares plummeted 10.2% after the company reported third-quarter 2023 revenues of $261.54 million, lagging the Zacks Consensus Estimate of $262.03 million.
THOR Industries, Inc. (THO) shares rose 1.5% after the company reported first-quarter earnings of 99 cents per share, beating the Zacks Consensus Estimate of 87 cents.
Shares of Brown-Forman Corporation (BF.B) plunged 10.4% after the company reported second-quarter 2024 revenues of $1.11 billion, missing the Zacks Consensus Estimate by 4.2%.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
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
Brown-Forman Corporation (BF.B) : Free Stock Analysis Report
Thor Industries, Inc. (THO) : Free Stock Analysis Report
SentinelOne, Inc. (S) : Free Stock Analysis Report
Box, Inc. (BOX) : 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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SentinelOne, Inc. (S) shares surged 16.6% after the company reported third-quarter 2023 revenues of $164.17 million, outpacing the Zacks Consensus Estimate by 5.1%. Shares of Brown-Forman Corporation (BF.B) plunged 10.4% after the company reported second-quarter 2024 revenues of $1.11 billion, missing the Zacks Consensus Estimate by 4.2%. Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1.
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Box, Inc. (BOX) shares plummeted 10.2% after the company reported third-quarter 2023 revenues of $261.54 million, lagging the Zacks Consensus Estimate of $262.03 million. THOR Industries, Inc. (THO) shares rose 1.5% after the company reported first-quarter earnings of 99 cents per share, beating the Zacks Consensus Estimate of 87 cents. Click to get this free report Brown-Forman Corporation (BF.B) : Free Stock Analysis Report Thor Industries, Inc. (THO) : Free Stock Analysis Report SentinelOne, Inc. (S) : Free Stock Analysis Report Box, Inc. (BOX) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Box, Inc. (BOX) shares plummeted 10.2% after the company reported third-quarter 2023 revenues of $261.54 million, lagging the Zacks Consensus Estimate of $262.03 million. THOR Industries, Inc. (THO) shares rose 1.5% after the company reported first-quarter earnings of 99 cents per share, beating the Zacks Consensus Estimate of 87 cents. Click to get this free report Brown-Forman Corporation (BF.B) : Free Stock Analysis Report Thor Industries, Inc. (THO) : Free Stock Analysis Report SentinelOne, Inc. (S) : Free Stock Analysis Report Box, Inc. (BOX) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Box, Inc. (BOX) shares plummeted 10.2% after the company reported third-quarter 2023 revenues of $261.54 million, lagging the Zacks Consensus Estimate of $262.03 million. THOR Industries, Inc. (THO) shares rose 1.5% after the company reported first-quarter earnings of 99 cents per share, beating the Zacks Consensus Estimate of 87 cents. Shares of Brown-Forman Corporation (BF.B) plunged 10.4% after the company reported second-quarter 2024 revenues of $1.11 billion, missing the Zacks Consensus Estimate by 4.2%.
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13973d26-1a10-44f5-90b2-ebea8fb507c5
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714083.0
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2023-12-07 00:00:00 UTC
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Down -7.87% in 4 Weeks, Here's Why Core Laboratories (CLB) Looks Ripe for a Turnaround
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DCOMP
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https://www.nasdaq.com/articles/down-7.87-in-4-weeks-heres-why-core-laboratories-clb-looks-ripe-for-a-turnaround
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nan
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nan
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Core Laboratories (CLB) has been on a downward spiral lately with significant selling pressure. After declining 7.9% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier.
Guide to Identifying Oversold Stocks
We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measures the speed and change of price movements.
RSI oscillates between zero and 100. Usually, a stock is considered oversold when its RSI reading falls below 30.
Technically, every stock oscillates between being overbought and oversold irrespective of the quality of their fundamentals. And the beauty of RSI is that it helps you quickly and easily check if a stock's price is reaching a point of reversal.
So, by this measure, if a stock has gotten too far below its fair value just because of unwarranted selling pressure, investors may start looking for entry opportunities in the stock for benefitting from the inevitable rebound.
However, like every investing tool, RSI has its limitations, and should not be used alone for making an investment decision.
Here's Why CLB Could Experience a Turnaround
The RSI reading of 28.77 for CLB is an indication that the heavy selling could be in the process of exhausting itself, so the stock could bounce back in a quest for reaching the old equilibrium of supply and demand.
The RSI value is not the only factor that indicates a potential turnaround for the stock in the near term. On the fundamental side, there has been strong agreement among the sell-side analysts covering the stock in raising earnings estimates for the current year. Over the last 30 days, the consensus EPS estimate for CLB has increased 3.5%. And an upward trend in earnings estimate revisions usually translates into price appreciation in the near term.
Moreover, CLB 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. This is a more conclusive indication of the stock's potential turnaround in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
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
Core Laboratories Inc. (CLB) : 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 declining 7.9% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier. And the beauty of RSI is that it helps you quickly and easily check if a stock's price is reaching a point of reversal. On the fundamental side, there has been strong agreement among the sell-side analysts covering the stock in raising earnings estimates for the current year.
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Moreover, CLB 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 >>>> Only $1 to See All Zacks' Buys and Sells We're not kidding. Click to get this free report Core Laboratories Inc. (CLB) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Guide to Identifying Oversold Stocks We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. So, by this measure, if a stock has gotten too far below its fair value just because of unwarranted selling pressure, investors may start looking for entry opportunities in the stock for benefitting from the inevitable rebound. Here's Why CLB Could Experience a Turnaround The RSI reading of 28.77 for CLB is an indication that the heavy selling could be in the process of exhausting itself, so the stock could bounce back in a quest for reaching the old equilibrium of supply and demand.
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Core Laboratories (CLB) has been on a downward spiral lately with significant selling pressure. RSI oscillates between zero and 100. And an upward trend in earnings estimate revisions usually translates into price appreciation in the near term.
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af03737c-178f-4973-9544-2a39ae702feb
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714084.0
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2023-12-07 00:00:00 UTC
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Frontline (FRO) Loses -10.33% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
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DCOMP
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https://www.nasdaq.com/articles/frontline-fro-loses-10.33-in-4-weeks-heres-why-a-trend-reversal-may-be-around-the-corner
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nan
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nan
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Frontline (FRO) has been beaten down lately with too much selling pressure. While the stock has lost 10.3% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier.
Guide to Identifying Oversold Stocks
We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measures the speed and change of price movements.
RSI oscillates between zero and 100. Usually, a stock is considered oversold when its RSI reading falls below 30.
Technically, every stock oscillates between being overbought and oversold irrespective of the quality of their fundamentals. And the beauty of RSI is that it helps you quickly and easily check if a stock's price is reaching a point of reversal.
So, by this measure, if a stock has gotten too far below its fair value just because of unwarranted selling pressure, investors may start looking for entry opportunities in the stock for benefitting from the inevitable rebound.
However, like every investing tool, RSI has its limitations, and should not be used alone for making an investment decision.
Why FRO Could Bounce Back Before Long
The heavy selling of FRO shares appears to be in the process of exhausting itself, as indicated by its RSI reading of 27.72. So, the trend for the stock could reverse soon for reaching the old equilibrium of supply and demand.
The RSI value is not the only factor that indicates a potential turnaround for the stock in the near term. On the fundamental side, there has been strong agreement among the sell-side analysts covering the stock in raising earnings estimates for the current year. Over the last 30 days, the consensus EPS estimate for FRO has increased 0.2%. And an upward trend in earnings estimate revisions usually translates into price appreciation in the near term.
Moreover, FRO currently has a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. This is a more conclusive indication of the stock's potential turnaround in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
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
Frontline PLC (FRO) : 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 stock has lost 10.3% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier. And the beauty of RSI is that it helps you quickly and easily check if a stock's price is reaching a point of reversal. On the fundamental side, there has been strong agreement among the sell-side analysts covering the stock in raising earnings estimates for the current year.
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Moreover, FRO currently has a Zacks Rank #1 (Strong Buy), which means it is in the top 5% 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 >>>> Only $1 to See All Zacks' Buys and Sells We're not kidding. Click to get this free report Frontline PLC (FRO) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Guide to Identifying Oversold Stocks We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. So, by this measure, if a stock has gotten too far below its fair value just because of unwarranted selling pressure, investors may start looking for entry opportunities in the stock for benefitting from the inevitable rebound. Moreover, FRO currently has a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises.
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Frontline (FRO) has been beaten down lately with too much selling pressure. RSI oscillates between zero and 100. Thousands have taken advantage of this opportunity.
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bca7a26a-f3c8-415b-9e1d-8f6210aa8681
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714085.0
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2023-12-07 00:00:00 UTC
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JetBlue narrows loss forecast on healthy travel demand, shares rise
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DCOMP
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https://www.nasdaq.com/articles/jetblue-narrows-loss-forecast-on-healthy-travel-demand-shares-rise
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Updates share movement
Dec 7 (Reuters) - JetBlue Airways JBLU.O on Thursday narrowed its annual adjusted loss forecast, riding on strong demand for travel during the holiday period and sending its shares 12% higher in morning trading.
U.S. airlines have reiterated the resilience in travel demand, even as concerns linger about the potential impact of rising interest rates on customers' disposable income.
"Since late October, close-in bookings have outperformed expectations for both holiday peak and non-holiday travel periods," JetBlue said in a regulatory filing on Thursday.
The company now expects 2023 per-share adjusted loss to be in the range of 50 cents to 40 cents, compared with its previous forecast of 65 cents to 45 cents.
JetBlue, which is the middle of a legal battle over its acquisition of Spirit Airlines SAVE.N, also tightened its annual revenue growth forecast to 4% to 5%, compared with an increase of 3% to 5% estimated earlier.
(Reporting by Shivansh Tiwary in Bengaluru; Editing by Sriraj Kalluvila)
((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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U.S. airlines have reiterated the resilience in travel demand, even as concerns linger about the potential impact of rising interest rates on customers' disposable income. "Since late October, close-in bookings have outperformed expectations for both holiday peak and non-holiday travel periods," JetBlue said in a regulatory filing on Thursday. JetBlue, which is the middle of a legal battle over its acquisition of Spirit Airlines SAVE.N, also tightened its annual revenue growth forecast to 4% to 5%, compared with an increase of 3% to 5% estimated earlier.
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Updates share movement Dec 7 (Reuters) - JetBlue Airways JBLU.O on Thursday narrowed its annual adjusted loss forecast, riding on strong demand for travel during the holiday period and sending its shares 12% higher in morning trading. "Since late October, close-in bookings have outperformed expectations for both holiday peak and non-holiday travel periods," JetBlue said in a regulatory filing on Thursday. The company now expects 2023 per-share adjusted loss to be in the range of 50 cents to 40 cents, compared with its previous forecast of 65 cents to 45 cents.
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Updates share movement Dec 7 (Reuters) - JetBlue Airways JBLU.O on Thursday narrowed its annual adjusted loss forecast, riding on strong demand for travel during the holiday period and sending its shares 12% higher in morning trading. The company now expects 2023 per-share adjusted loss to be in the range of 50 cents to 40 cents, compared with its previous forecast of 65 cents to 45 cents. (Reporting by Shivansh Tiwary in Bengaluru; Editing by Sriraj Kalluvila) ((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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Updates share movement Dec 7 (Reuters) - JetBlue Airways JBLU.O on Thursday narrowed its annual adjusted loss forecast, riding on strong demand for travel during the holiday period and sending its shares 12% higher in morning trading. U.S. airlines have reiterated the resilience in travel demand, even as concerns linger about the potential impact of rising interest rates on customers' disposable income. "Since late October, close-in bookings have outperformed expectations for both holiday peak and non-holiday travel periods," JetBlue said in a regulatory filing on Thursday.
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896613bd-8f8c-4701-b1c2-5407c7a5b80f
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714086.0
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2023-12-07 00:00:00 UTC
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Why Select Medical (SEM) is a Top Value Stock for the Long-Term
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DCOMP
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https://www.nasdaq.com/articles/why-select-medical-sem-is-a-top-value-stock-for-the-long-term
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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 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 includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores?
Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth Score
Growth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum Score
Momentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM Score
What if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only as a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
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: Select Medical (SEM)
Select Medical is a healthcare company with approximately 53,800 employees throughout the United States. It owns long term acute care and inpatient rehabilitation hospitals, as well as occupational health and physical therapy clinics.
SEM is a #3 (Hold) 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 11.86; value investors should take notice.
For fiscal 2023, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.01 to $1.96 per share. SEM boasts an average earnings surprise of 9.8%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, SEM should be on investors' short list.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
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
Select Medical Holdings Corporation (SEM) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks. 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 research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. How Style Scores Work with the Zacks Rank 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 Select Medical Holdings Corporation (SEM) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. How Style Scores Work with the Zacks Rank 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. You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B.
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What are the Zacks Style Scores? That's where the Style Scores come in. SEM is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
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e0f790e1-94c1-4c67-ad3f-de0ef14a4003
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714087.0
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2023-12-07 00:00:00 UTC
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Danaher (DHR) Acquires Abcam to Boost Life Sciences Segment
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DCOMP
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https://www.nasdaq.com/articles/danaher-dhr-acquires-abcam-to-boost-life-sciences-segment
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Danaher Corporation DHR has completed the acquisition of Cambridge, UK-based Abcam plc for $24.00 per share in cash. The deal, valued at approximately $5.7 billion (including assumed indebtedness and net of acquired cash), was inked in September this year.
Founded in 1998, Abcam is a producer, distributor and seller of protein research tools. The company offers highly validated antibodies, reagents, biomarkers and assays that are required for boosting drug discovery, life sciences research and diagnostics.
Abcam will be added to DHR’s Life Sciences segment, thus boosting its capability to identify complex diseases and accelerate the drug discovery process. The company's long track record of innovation, outstanding product quality and breadth of antibody portfolio is expected to help Danaher solve some of the world's greatest healthcare challenges.
Despite softness in the pharma and biopharma market, stable demand in the life science research and applied markets has been buoying the performance of the Life Sciences segment. Revenues from the segment increased 2.5% year over year in the first nine months of 2023.
Zacks Rank and Price Performance
Danaher currently carries a Zacks Rank #4 (Sell).
Weakness in the Biotechnology and Diagnostics segments due to a decrease in the sale of COVID-related products has impacted the company’s results. However, improving supply chains and strong price realization are driving Danaher’s growth.
In the past year, the DHR stock has declined 16.9% compared with the industry’s 6.9% decrease.
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked companies have been discussed below.
Federal Signal Corporation FSS presently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
FSS delivered a trailing four-quarter average earnings surprise of 8.1%. In the past 60 days, the Zacks Consensus Estimate for Federal Signal’s 2023 earnings has increased 3.3%. The stock has risen 49.6% in the past year.
ITT Inc. ITT presently carries a Zacks Rank #2 (Buy). It has a trailing four-quarter average earnings surprise of 8%.
The consensus estimate for ITT’s 2023 earnings has increased 2% in the past 60 days. Shares of ITT have jumped 36.7% in the past year.
A. O. Smith Corporation AOS currently carries a Zacks Rank of 2. The company delivered a trailing four-quarter average earnings surprise of 14%.
In the past 60 days, the consensus estimate for A. O. Smith’s 2023 earnings has improved 5%. The stock has risen 35.1% in the past year.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
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
Danaher Corporation (DHR) : Free Stock Analysis Report
A. O. Smith Corporation (AOS) : Free Stock Analysis Report
ITT Inc. (ITT) : Free Stock Analysis Report
Federal Signal Corporation (FSS) : 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 company offers highly validated antibodies, reagents, biomarkers and assays that are required for boosting drug discovery, life sciences research and diagnostics. Abcam will be added to DHR’s Life Sciences segment, thus boosting its capability to identify complex diseases and accelerate the drug discovery process. The company's long track record of innovation, outstanding product quality and breadth of antibody portfolio is expected to help Danaher solve some of the world's greatest healthcare challenges.
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Zacks Rank and Price Performance Danaher currently carries a Zacks Rank #4 (Sell). Federal Signal Corporation FSS presently sports a Zacks Rank #1 (Strong Buy). Click to get this free report Danaher Corporation (DHR) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report ITT Inc. (ITT) : Free Stock Analysis Report Federal Signal Corporation (FSS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Zacks Rank and Price Performance Danaher currently carries a Zacks Rank #4 (Sell). In the past 60 days, the Zacks Consensus Estimate for Federal Signal’s 2023 earnings has increased 3.3%. Click to get this free report Danaher Corporation (DHR) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report ITT Inc. (ITT) : Free Stock Analysis Report Federal Signal Corporation (FSS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Federal Signal Corporation FSS presently sports a Zacks Rank #1 (Strong Buy). The consensus estimate for ITT’s 2023 earnings has increased 2% in the past 60 days. In the past 60 days, the consensus estimate for A. O. Smith’s 2023 earnings has improved 5%.
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e2949456-8840-48a2-8364-67eacf9bb3bb
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714088.0
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2023-12-07 00:00:00 UTC
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Why East West Bancorp (EWBC) is a Top Value Stock for the Long-Term
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DCOMP
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https://www.nasdaq.com/articles/why-east-west-bancorp-ewbc-is-a-top-value-stock-for-the-long-term-1
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nan
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nan
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It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
The 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 includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores?
The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth Score
Growth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum Score
Momentum 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.
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: East West Bancorp (EWBC)
Headquartered in Pasadena, CA, East West Bancorp is the bank holding company for East West Bank. Incorporated in 1998, the company serves as a financial bridge between the United States and China by providing various consumer as well as commercial banking services to the Asian-American community.
EWBC is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 7.95; value investors should take notice.
For fiscal 2023, five analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.06 to $8.41 per share. EWBC boasts an average earnings surprise of 3.7%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, EWBC should be on investors' short list.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
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
East West Bancorp, Inc. (EWBC) : 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. 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. Incorporated in 1998, the company serves as a financial bridge between the United States and China by providing various consumer as well as commercial banking services to the Asian-American community.
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The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. How Style Scores Work with the Zacks Rank 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 East West Bancorp, Inc. (EWBC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio. Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
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What are the Zacks Style Scores? That's where the Style Scores come in. EWBC is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
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455c51a1-a7f7-44d5-a9db-95fb68a48663
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714089.0
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2023-12-07 00:00:00 UTC
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Wall Street Bulls Look Optimistic About TSMC (TSM): Should You Buy?
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DCOMP
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https://www.nasdaq.com/articles/wall-street-bulls-look-optimistic-about-tsmc-tsm%3A-should-you-buy-1
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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 TSMC (TSM) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
TSMC currently has an average brokerage recommendation (ABR) of 1.43, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by seven brokerage firms. An ABR of 1.43 approximates between Strong Buy and Buy.
Of the seven recommendations that derive the current ABR, five are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 71.4% and 14.3% of all recommendations.
Brokerage Recommendation Trends for TSM
Check price target & stock forecast for TSMC here>>>
The ABR suggests buying TSMC, 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.
Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations.
In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.
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
In spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.
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.
In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.
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 TSM?
In terms of earnings estimate revisions for TSMC, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $4.97.
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 TSMC. 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 TSMC.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
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
Taiwan Semiconductor Manufacturing Company Ltd. (TSM) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. 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.
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TSMC currently has an average brokerage recommendation (ABR) of 1.43, 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. In terms of earnings estimate revisions for TSMC, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $4.97.
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TSMC currently has an average brokerage recommendation (ABR) of 1.43, 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 TSMC.
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The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations. 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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50f11d49-39b3-4150-bd00-3b06262cc8ca
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714090.0
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2023-12-07 00:00:00 UTC
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Is It Worth Investing in Novo Nordisk (NVO) 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-novo-nordisk-nvo-based-on-wall-streets-bullish-views-0
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nan
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nan
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The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?
Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Novo Nordisk (NVO).
Novo Nordisk currently has an average brokerage recommendation (ABR) of 1.69, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 13 brokerage firms. An ABR of 1.69 approximates between Strong Buy and Buy.
Of the 13 recommendations that derive the current ABR, 10 are Strong Buy, representing 76.9% of all recommendations.
Brokerage Recommendation Trends for NVO
Check price target & stock forecast for Novo Nordisk here>>>
The ABR suggests buying Novo Nordisk, 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.
In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.
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
In spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.
Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed 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.
In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.
Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.
There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices.
Is NVO Worth Investing In?
Looking at the earnings estimate revisions for Novo Nordisk, the Zacks Consensus Estimate for the current year has increased 0.9% over the past month to $2.63.
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 #1 (Strong Buy) for Novo Nordisk. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, the Buy-equivalent ABR for Novo Nordisk may serve as a useful guide for investors.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
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
Novo Nordisk A/S (NVO) : 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 different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. 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. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, the Buy-equivalent ABR for Novo Nordisk 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. Looking at the earnings estimate revisions for Novo Nordisk, the Zacks Consensus Estimate for the current year has increased 0.9% over the past month to $2.63.
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Novo Nordisk currently has an average brokerage recommendation (ABR) of 1.69, 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 Novo Nordisk 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. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, the Buy-equivalent ABR for Novo Nordisk may serve as a useful guide for investors.
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5939adce-8b59-4670-8394-1255bfe80ef6
|
714091.0
|
2023-12-07 00:00:00 UTC
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CrowdStrike (CRWD) Is Considered a Good Investment by Brokers: Is That True?
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DCOMP
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https://www.nasdaq.com/articles/crowdstrike-crwd-is-considered-a-good-investment-by-brokers%3A-is-that-true-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 CrowdStrike Holdings (CRWD) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
CrowdStrike currently has an average brokerage recommendation (ABR) of 1.16, 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 1.16 approximates between Strong Buy and Buy.
Of the 38 recommendations that derive the current ABR, 34 are Strong Buy and two are Buy. Strong Buy and Buy respectively account for 89.5% and 5.3% of all recommendations.
Brokerage Recommendation Trends for CRWD
Check price target & stock forecast for CrowdStrike here>>>
The ABR suggests buying CrowdStrike, 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.
Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations.
In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.
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
In spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.
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.
In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.
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 CRWD?
In terms of earnings estimate revisions for CrowdStrike, the Zacks Consensus Estimate for the current year has increased 41.1% over the past month to $2.92.
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 CrowdStrike. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, the Buy-equivalent ABR for CrowdStrike may serve as a useful guide for investors.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
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.
|
In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. 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.
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CrowdStrike currently has an average brokerage recommendation (ABR) of 1.16, 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. In terms of earnings estimate revisions for CrowdStrike, the Zacks Consensus Estimate for the current year has increased 41.1% over the past month to $2.92.
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CrowdStrike currently has an average brokerage recommendation (ABR) of 1.16, 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 CrowdStrike may serve as a useful guide for investors.
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Brokerage Recommendation Trends for CRWD The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. 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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daaa2988-2ae5-47c9-bf5c-dc2c8bf1cc60
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714092.0
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2023-12-07 00:00:00 UTC
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Compared to Estimates, Zscaler (ZS) Q1 Earnings: A Look at Key Metrics
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DCOMP
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https://www.nasdaq.com/articles/compared-to-estimates-zscaler-zs-q1-earnings%3A-a-look-at-key-metrics
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nan
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nan
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For the quarter ended October 2023, Zscaler (ZS) reported revenue of $496.7 million, up 39.7% over the same period last year. EPS came in at $0.67, compared to $0.29 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $473.41 million, representing a surprise of +4.92%. The company delivered an EPS surprise of +36.73%, with the consensus EPS estimate being $0.49.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Zscaler performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Billings: $456.57 million versus the nine-analyst average estimate of $442.36 million.
Remaining Performance Obligations: $3.49 billion versus the three-analyst average estimate of $3.63 billion.
Dollar-Based Net Retention Rate: 120% compared to the 124.5% average estimate based on two analysts.
Revenues- Direct Customers: $42.25 million versus $39.07 million estimated by two analysts on average.
Revenues- Channel Partners: $454.46 million compared to the $434.18 million average estimate based on two analysts.
View all Key Company Metrics for Zscaler here>>>
Shares of Zscaler have returned +13.8% over the past month versus the Zacks S&P 500 composite's +4.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
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
Zscaler, Inc. (ZS) : 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.
|
For the quarter ended October 2023, Zscaler (ZS) reported revenue of $496.7 million, up 39.7% over the same period last year. The reported revenue compares to the Zacks Consensus Estimate of $473.41 million, representing a surprise of +4.92%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
|
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Zscaler performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Billings: $456.57 million versus the nine-analyst average estimate of $442.36 million. Click to get this free report Zscaler, Inc. (ZS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Zscaler performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Billings: $456.57 million versus the nine-analyst average estimate of $442.36 million. Revenues- Channel Partners: $454.46 million compared to the $434.18 million average estimate based on two analysts.
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For the quarter ended October 2023, Zscaler (ZS) reported revenue of $496.7 million, up 39.7% over the same period last year. The reported revenue compares to the Zacks Consensus Estimate of $473.41 million, representing a surprise of +4.92%. Here is how Zscaler performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Billings: $456.57 million versus the nine-analyst average estimate of $442.36 million.
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0ef62c71-aadc-4dfb-97cf-be212fe146bc
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714093.0
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2023-12-07 00:00:00 UTC
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Wall Street Bulls Look Optimistic About Riot Platforms, Inc. (RIOT): Should You Buy?
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DCOMP
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https://www.nasdaq.com/articles/wall-street-bulls-look-optimistic-about-riot-platforms-inc.-riot%3A-should-you-buy
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nan
|
nan
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Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Riot Platforms, Inc. (RIOT).
Riot Platforms, Inc. currently has an average brokerage recommendation (ABR) of 1.56, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by nine brokerage firms. An ABR of 1.56 approximates between Strong Buy and Buy.
Of the nine recommendations that derive the current ABR, seven are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 77.8% and 11.1% of all recommendations.
Brokerage Recommendation Trends for RIOT
Check price target & stock forecast for Riot Platforms, Inc. here>>>
The ABR suggests buying Riot Platforms, Inc., 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.
Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations.
In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.
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.
ABR Should Not Be Confused With Zacks Rank
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.
Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide.
In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.
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 RIOT?
In terms of earnings estimate revisions for Riot Platforms, Inc., the Zacks Consensus Estimate for the current year has increased 2.8% over the past month to -$1.03.
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 Riot Platforms, Inc. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, the Buy-equivalent ABR for Riot Platforms, Inc. may serve as a useful guide for investors.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
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
Riot Platforms, Inc. (RIOT) : 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.
|
In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. 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.
|
Riot Platforms, Inc. currently has an average brokerage recommendation (ABR) of 1.56, 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. In terms of earnings estimate revisions for Riot Platforms, Inc., the Zacks Consensus Estimate for the current year has increased 2.8% over the past month to -$1.03.
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Riot Platforms, Inc. currently has an average brokerage recommendation (ABR) of 1.56, 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 Riot Platforms, Inc. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, the Buy-equivalent ABR for Riot Platforms, Inc. may serve as a useful guide for investors.
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Brokerage Recommendation Trends for RIOT 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 Riot Platforms, Inc. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, the Buy-equivalent ABR for Riot Platforms, Inc. may serve as a useful guide for investors.
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d56fd91e-ea9e-4a4b-9d96-8caaabd8f2e1
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714094.0
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2023-12-07 00:00:00 UTC
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Dollar General (DG) Reports Q3 Earnings: What Key Metrics Have to Say
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DCOMP
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https://www.nasdaq.com/articles/dollar-general-dg-reports-q3-earnings%3A-what-key-metrics-have-to-say
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nan
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nan
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Dollar General (DG) reported $9.69 billion in revenue for the quarter ended October 2023, representing a year-over-year increase of 2.4%. EPS of $1.26 for the same period compares to $2.33 a year ago.
The reported revenue represents a surprise of +0.50% over the Zacks Consensus Estimate of $9.65 billion. With the consensus EPS estimate being $1.19, the EPS surprise was +5.88%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Dollar General performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Same store sales growth: -1.3% versus the 19-analyst average estimate of -2.1%.
Ending store count: 19,726 versus the 19-analyst average estimate of 19,751.
Total selling square footage: 148.64 Msq ft compared to the 147.79 Msq ft average estimate based on 19 analysts.
New store openings: 690 versus 281 estimated by 18 analysts on average.
Store closings: 68 compared to the 19 average estimate based on 18 analysts.
Net sales per square foot: $65.22 compared to the $65.64 average estimate based on 12 analysts.
Net Sales Per Store: $0.49 million compared to the $0.49 million average estimate based on 12 analysts.
Net Sales by category- Consumables: $7.94 billion versus $7.99 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +3.6% change.
Net Sales by category- Seasonal: $940.63 million compared to the $950.42 million average estimate based on four analysts. The reported number represents a change of -0.2% year over year.
Net Sales by category- Home products: $534.47 million versus $544.73 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -7% change.
Net Sales by category- Apparel: $278.45 million versus the four-analyst average estimate of $267.98 million. The reported number represents a year-over-year change of -1.6%.
View all Key Company Metrics for Dollar General here>>>
Shares of Dollar General have returned +12.1% over the past month versus the Zacks S&P 500 composite's +4.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
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Dollar General Corporation (DG) : 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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Dollar General (DG) reported $9.69 billion in revenue for the quarter ended October 2023, representing a year-over-year increase of 2.4%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. Here is how Dollar General performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Same store sales growth: -1.3% versus the 19-analyst average estimate of -2.1%.
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Dollar General (DG) reported $9.69 billion in revenue for the quarter ended October 2023, representing a year-over-year increase of 2.4%. Total selling square footage: 148.64 Msq ft compared to the 147.79 Msq ft average estimate based on 19 analysts. Net Sales Per Store: $0.49 million compared to the $0.49 million average estimate based on 12 analysts.
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Here is how Dollar General performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Same store sales growth: -1.3% versus the 19-analyst average estimate of -2.1%. Net Sales Per Store: $0.49 million compared to the $0.49 million average estimate based on 12 analysts. Net Sales by category- Seasonal: $940.63 million compared to the $950.42 million average estimate based on four analysts.
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Dollar General (DG) reported $9.69 billion in revenue for the quarter ended October 2023, representing a year-over-year increase of 2.4%. Here is how Dollar General performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Same store sales growth: -1.3% versus the 19-analyst average estimate of -2.1%. Store closings: 68 compared to the 19 average estimate based on 18 analysts.
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4ecdefb0-4a13-4354-8606-e03c28f85e26
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714095.0
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2023-12-07 00:00:00 UTC
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Big Lots (BIG) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
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DCOMP
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https://www.nasdaq.com/articles/big-lots-big-q3-earnings%3A-taking-a-look-at-key-metrics-versus-estimates
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Big Lots (BIG) reported $1.03 billion in revenue for the quarter ended October 2023, representing a year-over-year decline of 14.8%. EPS of -$4.38 for the same period compares to -$2.99 a year ago.
The reported revenue represents a surprise of -0.37% over the Zacks Consensus Estimate of $1.03 billion. With the consensus EPS estimate being -$4.71, the EPS surprise was +7.01%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Big Lots performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Comparable store sales - YoY change (Domestic retail): -13.2% versus the five-analyst average estimate of -12.9%.
Number of Stores - Stores open at the end of the period: 1,428 versus the three-analyst average estimate of 1,424.
Number of stores opened - Total: 12 compared to the 5 average estimate based on three analysts.
Number of Stores - Stores open at the beginning of the fiscal year: 1,425 versus 1,423 estimated by three analysts on average.
Number of stores closed - Total: 9 compared to the 4 average estimate based on three analysts.
View all Key Company Metrics for Big Lots here>>>
Shares of Big Lots have returned +39.2% over the past month versus the Zacks S&P 500 composite's +4.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
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Big Lots, Inc. (BIG) : 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 investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. Here is how Big Lots performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Comparable store sales - YoY change (Domestic retail): -13.2% versus the five-analyst average estimate of -12.9%. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Big Lots (BIG) reported $1.03 billion in revenue for the quarter ended October 2023, representing a year-over-year decline of 14.8%. Here is how Big Lots performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Comparable store sales - YoY change (Domestic retail): -13.2% versus the five-analyst average estimate of -12.9%. Click to get this free report Big Lots, Inc. (BIG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Big Lots performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Comparable store sales - YoY change (Domestic retail): -13.2% versus the five-analyst average estimate of -12.9%. Number of Stores - Stores open at the beginning of the fiscal year: 1,425 versus 1,423 estimated by three analysts on average.
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Big Lots (BIG) reported $1.03 billion in revenue for the quarter ended October 2023, representing a year-over-year decline of 14.8%. Here is how Big Lots performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Comparable store sales - YoY change (Domestic retail): -13.2% versus the five-analyst average estimate of -12.9%. Number of stores closed - Total: 9 compared to the 4 average estimate based on three analysts.
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4d586d37-65e9-4507-a969-3bc275437be2
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714096.0
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2023-12-07 00:00:00 UTC
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Why Cardinal Health (CAH) is a Top Value Stock for the Long-Term
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DCOMP
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https://www.nasdaq.com/articles/why-cardinal-health-cah-is-a-top-value-stock-for-the-long-term-0
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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 research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth Score
Growth investors 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
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.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Cardinal Health (CAH)
Headquartered in Dublin, OH, Cardinal Health Inc. is a nation-wide drug distributor and provider of services to pharmacies, healthcare providers and manufacturers. The company has two reporting segments – Pharmaceutical and Medical.
CAH is a #3 (Hold) 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 15.37; value investors should take notice.
Seven analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.23 to $6.89 per share. CAH also boasts an average earnings surprise of 15.7%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, CAH should be on investors' short list.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
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
Cardinal Health, Inc. (CAH) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum. As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
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The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. How Style Scores Work with the Zacks Rank 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 Cardinal Health, Inc. (CAH) : 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 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? The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum. That's where the Style Scores come in.
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5c0786f7-ca5d-4dc0-9a4a-30f53bd93ca5
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714097.0
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2023-12-07 00:00:00 UTC
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Is AppLovin (APP) Stock Outpacing Its Business Services Peers This Year?
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DCOMP
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https://www.nasdaq.com/articles/is-applovin-app-stock-outpacing-its-business-services-peers-this-year-0
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The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has AppLovin (APP) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
AppLovin is a member of the Business Services sector. This group includes 318 individual stocks and currently holds a Zacks Sector Rank of #6. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. AppLovin is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for APP's full-year earnings has moved 13.6% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, APP has gained about 247.6% so far this year. In comparison, Business Services companies have returned an average of 16.5%. This means that AppLovin is outperforming the sector as a whole this year.
Another stock in the Business Services sector, UiPath (PATH), has outperformed the sector so far this year. The stock's year-to-date return is 83.8%.
For UiPath, the consensus EPS estimate for the current year has increased 25.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, AppLovin belongs to the Technology Services industry, a group that includes 176 individual companies and currently sits at #91 in the Zacks Industry Rank. This group has gained an average of 39% so far this year, so APP is performing better in this area. UiPath is also part of the same industry.
Going forward, investors interested in Business Services stocks should continue to pay close attention to AppLovin and UiPath as they could maintain their solid performance.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
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
AppLovin Corporation (APP) : Free Stock Analysis Report
UiPath, Inc. (PATH) : 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 Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Going forward, investors interested in Business Services stocks should continue to pay close attention to AppLovin and UiPath as they could maintain their solid performance.
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The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups. The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. Click to get this free report AppLovin Corporation (APP) : Free Stock Analysis Report UiPath, Inc. (PATH) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups. Another stock in the Business Services sector, UiPath (PATH), has outperformed the sector so far this year. Click to get this free report AppLovin Corporation (APP) : Free Stock Analysis Report UiPath, Inc. (PATH) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Has AppLovin (APP) been one of those stocks this year? AppLovin is a member of the Business Services sector. Another stock in the Business Services sector, UiPath (PATH), has outperformed the sector so far this year.
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564053aa-7680-4716-9da1-dbf2197e1808
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714098.0
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2023-12-07 00:00:00 UTC
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Why This 1 Aerospace Stock Could Be a Great Addition to Your Portfolio
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DCOMP
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https://www.nasdaq.com/articles/why-this-1-aerospace-stock-could-be-a-great-addition-to-your-portfolio-1
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nan
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Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success.
The Zacks Premium service makes this easier. It 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 like the Earnings ESP filter. All of these can help you quickly identify what stocks to buy, what to sell, and what are today's hottest industries.
Also included in Zacks Premium is the Focus List. This is a long-term portfolio of top stocks that have all the traits to beat the market.
Breaking Down the Zacks Focus List
If you could, wouldn't you jump at the chance for access to a curated list of stocks to kickstart your investing journey?
Enter the Zacks Focus List. It's a portfolio made up of 50 stocks that are set to beat the market over the next 12 months; each company selected serves as a foundation for long-term investors looking to create an individual portfolio.
Additionally, each selection is accompanied by a full Zacks Analyst Report, something that makes the Focus List even more valuable. The report explains in detail why each stock was picked and why we believe it's good for the long-term.
The portfolio's past performance only solidifies why investors should consider it as a starting point. For 2020, the Focus List gained 13.85% on an annualized basis compared to the S&P 500's return of 9.38%. Cumulatively, the portfolio has returned 2,519.23% while the S&P returned 854.95%. Returns are for the period of February 1, 1996 to March 31, 2021.
Focus List Methodology
When stocks are picked for the Focus List, it reflects our enduring reliance on the power of earnings estimate revisions.
Earnings estimates, or expectations of growth and profitability, come from brokerage analysts who track publicly traded companies; these analysts work together with company management to analyze every aspect that may affect future earnings, like interest rates, the economy, and sector and industry optimism.
Earnings estimate revisions are very important, since investors also need to take into consideration what a company will earn in the future.
Stocks that receive upward earnings estimate revisions are more likely to receive even more upward changes in the future. For example, if an analyst raised their estimates last month, they're more likely to do it again this month, and other analysts are likely to do the same.
Harnessing the power of earnings estimate revisions is where the Zacks Rank comes in. The Zacks Rank is a unique, proprietary stock-rating model that utilizes changes to a company's quarterly earnings expectations to help investors build a winning portfolio.
There are four main factors behind the Zacks Rank: Agreement, Magnitude, Upside, and Surprise. Each one of these features is then given a raw score that's recalculated every night and compiled into the Rank. Using this data, stocks are classified into five groups, ranging from "Strong Buy" to "Strong Sell."
The Focus List is comprised of stocks hand-picked from a long list of #1 (Strong Buy) or #2 (Buy) ranked companies, meaning that each new addition boasts a bullish earnings consensus among analysts.
Because stock prices react to revisions, buying stocks with rising earnings estimates can be very profitable. Focus List stocks offer investors a great opportunity to get into companies whose future earnings estimates will be raised, potentially leading to price momentum.
Focus List Spotlight: Huntington Ingalls (HII)
Based in Newport News, VA, Huntington Ingalls Industries designs, builds and maintains nuclear-powered ships such as aircraft carriers and submarines, and non-nuclear ships, such as surface combatants, expeditionary warfare/amphibious assault and coastal defense surface ships for the U.S. Navy and Coast Guard and provides after-market services for military ships around the globe.
HII, a #3 (Hold) stock, was added to the Focus List on May 9, 2016 at $155.20 per share. Since then, shares have increased 56.95% to $243.59.
Five analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.26 to $14.59. HII boasts an average earnings surprise of 4.7%.
Earnings for HII are forecasted to see growth of 1% for the current fiscal year as well.
Reveal Winning Stocks
Unlock all of our powerful research, tools and analysis, including the Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium. You'll quickly identify which stocks to buy, hold and sell, and target today's hottest industries, to help improve the performance of your portfolio. Gain full access now >>
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
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
Huntington Ingalls Industries, Inc. (HII) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success. The Zacks Rank is a unique, proprietary stock-rating model that utilizes changes to a company's quarterly earnings expectations to help investors build a winning portfolio. Focus List stocks offer investors a great opportunity to get into companies whose future earnings estimates will be raised, potentially leading to price momentum.
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It 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 like the Earnings ESP filter. Reveal Winning Stocks Unlock all of our powerful research, tools and analysis, including the Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium. Click to get this free report Huntington Ingalls Industries, Inc. (HII) : Free Stock Analysis Report To read this article on Zacks.com click here.
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It 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 like the Earnings ESP filter. The Focus List is comprised of stocks hand-picked from a long list of #1 (Strong Buy) or #2 (Buy) ranked companies, meaning that each new addition boasts a bullish earnings consensus among analysts. Reveal Winning Stocks Unlock all of our powerful research, tools and analysis, including the Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium.
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It 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 like the Earnings ESP filter. Focus List Methodology When stocks are picked for the Focus List, it reflects our enduring reliance on the power of earnings estimate revisions. The Focus List is comprised of stocks hand-picked from a long list of #1 (Strong Buy) or #2 (Buy) ranked companies, meaning that each new addition boasts a bullish earnings consensus among analysts.
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10887559-508a-4dff-96c6-9e716562b496
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714099.0
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2023-12-07 00:00:00 UTC
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Hawkins, Inc. (HWKN) Hits Fresh High: Is There Still Room to Run?
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DCOMP
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https://www.nasdaq.com/articles/hawkins-inc.-hwkn-hits-fresh-high%3A-is-there-still-room-to-run-0
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nan
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Shares of Hawkins (HWKN) have been strong performers lately, with the stock up 0.9% over the past month. The stock hit a new 52-week high of $65.12 in the previous session. Hawkins has gained 58.9% since the start of the year compared to the 5.3% move for the Zacks Basic Materials sector and the 14.5% return for the Zacks Chemical - Specialty industry.
What's Driving the Outperformance?
The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on November 1, 2023, Hawkins reported EPS of $1.1 versus consensus estimate of $1 while it missed the consensus revenue estimate by 5.48%.
For the current fiscal year, Hawkins is expected to post earnings of $3.46 per share on $933.37 million in revenues. This represents a 20.98% change in EPS on a -0.18% change in revenues. For the next fiscal year, the company is expected to earn $3.66 per share on $1.01 billion in revenues. This represents a year-over-year change of 5.78% and 8.27%, respectively.
Valuation Metrics
Hawkins may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself.
On this front, we can look at the Zacks Style Scores, as these give investors a variety of ways to comb through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. The idea behind the style scores is to help investors pick the most appropriate Zacks Rank stocks based on their individual investment style.
Hawkins has a Value Score of A. The stock's Growth and Momentum Scores are A and F, respectively, giving the company a VGM Score of A.
In terms of its value breakdown, the stock currently trades at 17.7X current fiscal year EPS estimates, which is a premium to the peer industry average of 16.8X. On a trailing cash flow basis, the stock currently trades at 14.8X versus its peer group's average of 9.3X. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.
Zacks Rank
We also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front. Fortunately, Hawkins currently has a Zacks Rank of #2 (Buy) thanks to rising earnings estimates.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Hawkins fits the bill. Thus, it seems as though Hawkins shares could have potential in the weeks and months to come.
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Hawkins, Inc. (HWKN) : Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For the current fiscal year, Hawkins is expected to post earnings of $3.46 per share on $933.37 million in revenues. A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself. On a trailing cash flow basis, the stock currently trades at 14.8X versus its peer group's average of 9.3X.
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In its last earnings report on November 1, 2023, Hawkins reported EPS of $1.1 versus consensus estimate of $1 while it missed the consensus revenue estimate by 5.48%. In terms of its value breakdown, the stock currently trades at 17.7X current fiscal year EPS estimates, which is a premium to the peer industry average of 16.8X. Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Hawkins fits the bill.
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On this front, we can look at the Zacks Style Scores, as these give investors a variety of ways to comb through stocks (beyond looking at the Zacks Rank of a security). Zacks Rank We also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front. Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Hawkins fits the bill.
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The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. Hawkins has a Value Score of A. Fortunately, Hawkins currently has a Zacks Rank of #2 (Buy) thanks to rising earnings estimates.
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