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714600.0
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2023-12-06 00:00:00 UTC
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Cabot (CTRA) Down 7.7% Since Last Earnings Report: Can It Rebound?
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DCOMP
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https://www.nasdaq.com/articles/cabot-ctra-down-7.7-since-last-earnings-report%3A-can-it-rebound
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nan
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nan
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It has been about a month since the last earnings report for Coterra Energy (CTRA). Shares have lost about 7.7% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Cabot due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.
Coterra Energy Beats on Q3 Earnings
Coterra Energy reported third-quarter 2023 adjusted earnings per share of 50 cents, which beat the Zacks Consensus Estimate of 44 cents. The outperformance reflects strong production and lower cost.
However, the company’s bottom line plunged from the year-ago adjusted profit of $1.42 due to weaker oil and natural gas realizations.
Coterra Energy’s operating revenues of $1.4 billion missed the Zacks Consensus Estimate by $27 million and fell 46.2% from the year-ago figure of $2.5 billion.
Production & Price Realizations
The average third-quarter daily production (comprising 72% natural gas) increased 4.5% from the year-ago level to 670.3 thousand barrels of oil equivalent (Mboe) and surpassed the Zacks Consensus Estimate of 644 Mboe. While natural gas volume for the period came in at 267.1 billion cubic feet/Bcf (up 3.4% year over year), oil output totaled 8.5 million barrels (MMBbls) — an improvement of 4.9%. The consensus mark called for 260 Bcf of natural gas and 8.39 MMBbls of crude.
The average sales price for crude during the third quarter was $80.80 per barrel, reflecting a 13.4% decrease from the prior-year realization of $93.35 and less than the consensus mark of $82. The average realized natural gas price was $1.80 per thousand cubic feet compared to $6.37 in the year-earlier period and $2.03 per the Zacks Consensus Estimate.
Costs & Expenses
The average unit cost in the quarter fell to $15.32 per barrels of oil equivalent (boe) from the year-ago quarter’s $17.45. This was mainly on account of a decline in unit operating cost, which dropped 13% year over year to $7.99 per boe. Furthermore, Coterra’s depreciation outlay decreased by 4.7% from the third quarter of 2022 on a per barrel basis.
Financial Position
Cash flow from operations went down 57.2% to $758 million, while Coterra’s cash capital expenditure for drilling and development totaled $556 million. The company’s free cash flow for the quarter was $250 million. It also executed $60 million in share repurchases during the period.
As of Sep 30, the company had $847 million in cash and cash equivalents. Coterra Energy had a long-term debt (including the current portion) of $2.2 billion, reflecting a debt-to-capitalization of 14.5%.
Guidance
Coterra Energy has maintained its budgeted capital spending between $2 billion and $2.2 billion this year. Meanwhile, the company sees a cash flow of approximately $3.5 billion and a free cash flow of around $1.3 billion.
The company is targeting an average daily production in the range of 655 Mboe to 665 Mboe. Further, Coterra expects oil volumes in the band of 94.5-95.5 thousand barrels per day while churning out 2,840-2,870 million cubic feet of natural gas.
How Have Estimates Been Moving Since Then?
It turns out, estimates revision flatlined during the past month.
VGM Scores
Currently, Cabot has a nice Growth Score of B, a grade with the same score on the momentum front. Following the exact same course, the stock was allocated a grade of B on the value side, putting it in the second quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Cabot has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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
Coterra Energy Inc. (CTRA) : 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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Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. The average realized natural gas price was $1.80 per thousand cubic feet compared to $6.37 in the year-earlier period and $2.03 per the Zacks Consensus Estimate. Further, Coterra expects oil volumes in the band of 94.5-95.5 thousand barrels per day while churning out 2,840-2,870 million cubic feet of natural gas.
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Coterra Energy Beats on Q3 Earnings Coterra Energy reported third-quarter 2023 adjusted earnings per share of 50 cents, which beat the Zacks Consensus Estimate of 44 cents. Production & Price Realizations The average third-quarter daily production (comprising 72% natural gas) increased 4.5% from the year-ago level to 670.3 thousand barrels of oil equivalent (Mboe) and surpassed the Zacks Consensus Estimate of 644 Mboe. While natural gas volume for the period came in at 267.1 billion cubic feet/Bcf (up 3.4% year over year), oil output totaled 8.5 million barrels (MMBbls) — an improvement of 4.9%.
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Coterra Energy Beats on Q3 Earnings Coterra Energy reported third-quarter 2023 adjusted earnings per share of 50 cents, which beat the Zacks Consensus Estimate of 44 cents. Coterra Energy’s operating revenues of $1.4 billion missed the Zacks Consensus Estimate by $27 million and fell 46.2% from the year-ago figure of $2.5 billion. Production & Price Realizations The average third-quarter daily production (comprising 72% natural gas) increased 4.5% from the year-ago level to 670.3 thousand barrels of oil equivalent (Mboe) and surpassed the Zacks Consensus Estimate of 644 Mboe.
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It has been about a month since the last earnings report for Coterra Energy (CTRA). Production & Price Realizations The average third-quarter daily production (comprising 72% natural gas) increased 4.5% from the year-ago level to 670.3 thousand barrels of oil equivalent (Mboe) and surpassed the Zacks Consensus Estimate of 644 Mboe. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research?
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09b6c7c2-478d-4c51-88da-ad976d6a2bae
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714601.0
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2023-12-06 00:00:00 UTC
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Affiliated Managers (AMG) Up 4.4% Since Last Earnings Report: Can It Continue?
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DCOMP
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https://www.nasdaq.com/articles/affiliated-managers-amg-up-4.4-since-last-earnings-report%3A-can-it-continue
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nan
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nan
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It has been about a month since the last earnings report for Affiliated Managers Group (AMG). Shares have added about 4.4% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Affiliated Managers due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.
Affiliated Managers' Q3 Earnings Top, Revenues & AUM Down
Affiliated Managers’ third-quarter 2023 economic earnings of $4.08 per share handily outpaced the Zacks Consensus Estimate of $3.78. The bottom line, however, declined 3.5% from the prior-year number.
Results were aided by lower expenses, partially offset by a decline in revenues and assets under management (AUM) balance. Further, the company had a robust liquidity position.
Economic net income was $149.5 million, down 10.5% year over year. Our estimate for this metric was $140.4 million.
Revenues & Expenses Decline, AUM Falls
Total revenues declined 9.2% year over year to $525.2 million. However, the top line beat the Zacks Consensus Estimate of $514.74 million.
Adjusted EBITDA was $208.4 million, down 5.8% from the year-ago quarter. We projected the metric to be $195.2 million.
Total consolidated expenses decreased 16% to $357.4 million year over year. Lower compensation and related expenses and selling, general and administrative charges largely led to the fall. We had projected total expenses of $407.1 million. However, the higher-than-expected decline in compensation expenses led the company to post lower total costs.
As of Sep 30, 2023, total AUM was $635.8 billion, which declined 1.4%. Net client cash outflows in the quarter were $9.4 billion. Our estimate for AUM was $674.6 billion.
Capital & Liquidity Position Decent
As of Sep 30, 2023, Affiliated Managers had $999.2 million in cash and cash equivalents compared with $429.2 million as of Dec 31, 2022. The company had $2.54 billion of debt, relatively stable with the December 2022-end level.
Shareholders’ equity as of Sep 30, 2023, was $3.5 billion compared with $3.23 billion as of Dec 31, 2022.
Share Repurchase Update
During the third quarter, Affiliated Managers repurchased shares worth $172 million.
Fourth-Quarter 2023 Outlook
Management expects adjusted EBITDA to be in the $260-$285 million range based on the current AUM levels, net performance fee earnings of up to $75-$100 million and the partial quarter contribution from Forbion. This doesn’t include Veritable and Ara Partners’ contributions.
Ara Partners, which will be reported on one quarter lag, will start contributing from the first quarter of 2024.
Interest expenses are expected to be $31 million, around the same level as the third quarter of 2023. Controlling interest depreciation is likely to be $2 million.
Net income (controlling interest) is expected to be between $145 million and $163 million. The company’s share of reported amortization and impairments is estimated to be $30 million.
Intangible-related deferred taxes are projected to be $15 million. Other economic items, which now include realized gains, are anticipated to be roughly $2 million.
Economic net income (controlling interest) is projected to be in the range of $191-$210 million. Economic EPS is expected to be between $5.43 and $5.96.
The adjusted weighted average share count is estimated to be $35.2 million.
How Have Estimates Been Moving Since Then?
It turns out, fresh estimates have trended upward during the past month.
The consensus estimate has shifted 9.15% due to these changes.
VGM Scores
At this time, Affiliated Managers has a poor Growth Score of F, however its Momentum Score is doing a lot better with a B. Charting a somewhat similar path, the stock was allocated a grade of A on the value side, putting it in the top quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been trending upward for the stock, and the magnitude of these revisions looks promising. Notably, Affiliated Managers has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry Player
Affiliated Managers belongs to the Zacks Financial - Investment Management industry. Another stock from the same industry, Invesco (IVZ), has gained 12.8% over the past month. More than a month has passed since the company reported results for the quarter ended September 2023.
Invesco reported revenues of $1.1 billion in the last reported quarter, representing a year-over-year change of -1.1%. EPS of $0.35 for the same period compares with $0.34 a year ago.
Invesco is expected to post earnings of $0.37 per share for the current quarter, representing a year-over-year change of -5.1%. Over the last 30 days, the Zacks Consensus Estimate has changed -3.9%.
Invesco has a Zacks Rank #4 (Sell) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of C.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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
Affiliated Managers Group, Inc. (AMG) : Free Stock Analysis Report
Invesco Ltd. (IVZ) : 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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Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Results were aided by lower expenses, partially offset by a decline in revenues and assets under management (AUM) balance. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys."
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Affiliated Managers' Q3 Earnings Top, Revenues & AUM Down Affiliated Managers’ third-quarter 2023 economic earnings of $4.08 per share handily outpaced the Zacks Consensus Estimate of $3.78. Revenues & Expenses Decline, AUM Falls Total revenues declined 9.2% year over year to $525.2 million. Click to get this free report Affiliated Managers Group, Inc. (AMG) : Free Stock Analysis Report Invesco Ltd. (IVZ) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Affiliated Managers' Q3 Earnings Top, Revenues & AUM Down Affiliated Managers’ third-quarter 2023 economic earnings of $4.08 per share handily outpaced the Zacks Consensus Estimate of $3.78. Fourth-Quarter 2023 Outlook Management expects adjusted EBITDA to be in the $260-$285 million range based on the current AUM levels, net performance fee earnings of up to $75-$100 million and the partial quarter contribution from Forbion. Click to get this free report Affiliated Managers Group, Inc. (AMG) : Free Stock Analysis Report Invesco Ltd. (IVZ) : Free Stock Analysis Report To read this article on Zacks.com click here.
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It has been about a month since the last earnings report for Affiliated Managers Group (AMG). Affiliated Managers' Q3 Earnings Top, Revenues & AUM Down Affiliated Managers’ third-quarter 2023 economic earnings of $4.08 per share handily outpaced the Zacks Consensus Estimate of $3.78. Interest expenses are expected to be $31 million, around the same level as the third quarter of 2023.
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e08c5e96-5d4f-4b95-ac98-eca6d2aa27fc
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714602.0
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2023-12-06 00:00:00 UTC
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Short-Term Treasuries Continue to Yield Over 5%
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DCOMP
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https://www.nasdaq.com/articles/short-term-treasuries-continue-to-yield-over-5
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nan
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nan
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According to BondBloxx Co-Founder Joanna Gallegos, U.S. Treasuries have been a great alternative to cash. She also said they’re a great way to capture as much yield as possible. And with short-term Treasuries continuing to yield more than 5%, investors may want to add these virtually risk-free assets to their portfolios.
“It’s hard to walk away from a 5% risk-free yield,” Gallegos added.
See more: “Use U.S. Treasury ETFs for Tax-Loss Harvesting Opportunities”
Keeping It Short and Sweet
BondBloxx offers a suite of eight duration-specific U.S. Treasury ETFs that target duration-constrained subsets of U.S. Treasuries with more than $300 billion outstanding. They’re designed to track indexes that achieve target durations using U.S. Treasury securities instead of specific maturities or maturity ranges.
Among this suite are two funds that focus on the shorter end of the duration curve: the BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) and the BondBloxx Bloomberg One Year Target Duration US Treasury ETF (XONE). Both funds charge only 3 basis points.
BondBloxx’s Treasury ETFs range in duration from six months to 20 years.
Managing Duration Exposure With Precision
When BondBloxx launched these ETFs last September, Co-Founder Tony Kelly said they let investors “manage their duration exposure with precision.”
“At BondBloxx, we’re committed to building innovative fixed income tools for the markets of today and tomorrow,” he noted. “These new ETFs… are an exciting and potentially valuable addition to that investor toolkit.”
BondBloxx provides precision ETF exposure for fixed income investors. It launched its first ETFs In February 2022. Now, the issuer manages more than $2 billion in assets across 20 (soon to be 21) U.S.-listed ETFs. Its rapidly growing AUM has been largely due to demand for its Treasury bond ETFs
VettaFi’s Head of Research Todd Rosenbluth said BondBloxx offers “investors the opportunity to target duration with risk-off government bonds.”
For more news, information, and analysis, visit the US Treasuries & TIPS Fixed Income Channel.
Read more on ETFTrends.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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And with short-term Treasuries continuing to yield more than 5%, investors may want to add these virtually risk-free assets to their portfolios. Managing Duration Exposure With Precision When BondBloxx launched these ETFs last September, Co-Founder Tony Kelly said they let investors “manage their duration exposure with precision.” “At BondBloxx, we’re committed to building innovative fixed income tools for the markets of today and tomorrow,” he noted. Its rapidly growing AUM has been largely due to demand for its Treasury bond ETFs VettaFi’s Head of Research Todd Rosenbluth said BondBloxx offers “investors the opportunity to target duration with risk-off government bonds.” For more news, information, and analysis, visit the US Treasuries & TIPS Fixed Income Channel.
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Among this suite are two funds that focus on the shorter end of the duration curve: the BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) and the BondBloxx Bloomberg One Year Target Duration US Treasury ETF (XONE). Managing Duration Exposure With Precision When BondBloxx launched these ETFs last September, Co-Founder Tony Kelly said they let investors “manage their duration exposure with precision.” “At BondBloxx, we’re committed to building innovative fixed income tools for the markets of today and tomorrow,” he noted. “These new ETFs… are an exciting and potentially valuable addition to that investor toolkit.” BondBloxx provides precision ETF exposure for fixed income investors.
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See more: “Use U.S. Treasury ETFs for Tax-Loss Harvesting Opportunities” Keeping It Short and Sweet BondBloxx offers a suite of eight duration-specific U.S. Treasury ETFs that target duration-constrained subsets of U.S. Treasuries with more than $300 billion outstanding. Among this suite are two funds that focus on the shorter end of the duration curve: the BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) and the BondBloxx Bloomberg One Year Target Duration US Treasury ETF (XONE). Its rapidly growing AUM has been largely due to demand for its Treasury bond ETFs VettaFi’s Head of Research Todd Rosenbluth said BondBloxx offers “investors the opportunity to target duration with risk-off government bonds.” For more news, information, and analysis, visit the US Treasuries & TIPS Fixed Income Channel.
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She also said they’re a great way to capture as much yield as possible. Among this suite are two funds that focus on the shorter end of the duration curve: the BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) and the BondBloxx Bloomberg One Year Target Duration US Treasury ETF (XONE). Managing Duration Exposure With Precision When BondBloxx launched these ETFs last September, Co-Founder Tony Kelly said they let investors “manage their duration exposure with precision.” “At BondBloxx, we’re committed to building innovative fixed income tools for the markets of today and tomorrow,” he noted.
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1ed0e55d-a743-4d9a-8e24-13d0dd97b6f4
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714603.0
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2023-12-06 00:00:00 UTC
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Notable ETF Outflow Detected - VNQ, PSA, SPG, DLR
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DCOMP
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https://www.nasdaq.com/articles/notable-etf-outflow-detected-vnq-psa-spg-dlr
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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 Real Estate ETF (Symbol: VNQ) where we have detected an approximate $488.2 million dollar outflow -- that's a 1.5% decrease week over week (from 384,753,506 to 378,927,391). Among the largest underlying components of VNQ, in trading today Public Storage (Symbol: PSA) is down about 0.1%, Simon Property Group, Inc. (Symbol: SPG) is up about 1.5%, and Digital Realty Trust Inc (Symbol: DLR) is lower by about 0.5%. For a complete list of holdings, visit the VNQ Holdings page » The chart below shows the one year price performance of VNQ, versus its 200 day moving average:
Looking at the chart above, VNQ's low point in its 52 week range is $70.6114 per share, with $94.525 as the 52 week high point — that compares with a last trade of $84.47. 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 experienced notable outflows »
Also see:
10 Components Hedge Funds Are Selling
MILN market cap history
ELNK Split History
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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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: 10 Components Hedge Funds Are Selling MILN market cap history ELNK Split History The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For a complete list of holdings, visit the VNQ Holdings page » The chart below shows the one year price performance of VNQ, versus its 200 day moving average: Looking at the chart above, VNQ's low point in its 52 week range is $70.6114 per share, with $94.525 as the 52 week high point — that compares with a last trade of $84.47. 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: 10 Components Hedge Funds Are Selling MILN market cap history ELNK Split History The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard Real Estate ETF (Symbol: VNQ) where we have detected an approximate $488.2 million dollar outflow -- that's a 1.5% decrease week over week (from 384,753,506 to 378,927,391). For a complete list of holdings, visit the VNQ Holdings page » The chart below shows the one year price performance of VNQ, versus its 200 day moving average: Looking at the chart above, VNQ's low point in its 52 week range is $70.6114 per share, with $94.525 as the 52 week high point — that compares with a last trade of $84.47. 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 Real Estate ETF (Symbol: VNQ) where we have detected an approximate $488.2 million dollar outflow -- that's a 1.5% decrease week over week (from 384,753,506 to 378,927,391). For a complete list of holdings, visit the VNQ Holdings page » The chart below shows the one year price performance of VNQ, versus its 200 day moving average: Looking at the chart above, VNQ's low point in its 52 week range is $70.6114 per share, with $94.525 as the 52 week high point — that compares with a last trade of $84.47. 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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d5e5b573-e8e3-4527-9fa7-effaf4c0c290
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714604.0
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2023-12-06 00:00:00 UTC
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VUG, NKE, BA, SYK: ETF Inflow Alert
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DCOMP
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https://www.nasdaq.com/articles/vug-nke-ba-syk%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 Growth ETF (Symbol: VUG) where we have detected an approximate $653.1 million dollar inflow -- that's a 0.7% increase week over week in outstanding units (from 331,146,831 to 333,336,729). Among the largest underlying components of VUG, in trading today Nike (Symbol: NKE) is up about 0.5%, Boeing Co. (Symbol: BA) is up about 1.5%, and Stryker Corp (Symbol: SYK) is lower by about 0.7%. For a complete list of holdings, visit the VUG Holdings page » The chart below shows the one year price performance of VUG, versus its 200 day moving average:
Looking at the chart above, VUG's low point in its 52 week range is $207.94 per share, with $301.67 as the 52 week high point — that compares with a last trade of $298.27. 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:
BDCs Hedge Funds Are Buying
PRTH Videos
PLI Split History
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
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: BDCs Hedge Funds Are Buying PRTH Videos PLI Split History The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of VUG, in trading today Nike (Symbol: NKE) is up about 0.5%, Boeing Co. (Symbol: BA) is up about 1.5%, and Stryker Corp (Symbol: SYK) is lower by about 0.7%. For a complete list of holdings, visit the VUG Holdings page » The chart below shows the one year price performance of VUG, versus its 200 day moving average: Looking at the chart above, VUG's low point in its 52 week range is $207.94 per share, with $301.67 as the 52 week high point — that compares with a last trade of $298.27. 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 Growth ETF (Symbol: VUG) where we have detected an approximate $653.1 million dollar inflow -- that's a 0.7% increase week over week in outstanding units (from 331,146,831 to 333,336,729). For a complete list of holdings, visit the VUG Holdings page » The chart below shows the one year price performance of VUG, versus its 200 day moving average: Looking at the chart above, VUG's low point in its 52 week range is $207.94 per share, with $301.67 as the 52 week high point — that compares with a last trade of $298.27. 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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For a complete list of holdings, visit the VUG Holdings page » The chart below shows the one year price performance of VUG, versus its 200 day moving average: Looking at the chart above, VUG's low point in its 52 week range is $207.94 per share, with $301.67 as the 52 week high point — that compares with a last trade of $298.27. Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. 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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72c4cfb5-6e16-40db-88a7-bf0a60412e27
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714605.0
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2023-12-06 00:00:00 UTC
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IWM, SMCI, LNW, SSD: Large Outflows Detected at ETF
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DCOMP
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https://www.nasdaq.com/articles/iwm-smci-lnw-ssd%3A-large-outflows-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 iShares Russell 2000 ETF (Symbol: IWM) where we have detected an approximate $2.1 billion dollar outflow -- that's a 3.6% decrease week over week (from 311,150,000 to 299,900,000). Among the largest underlying components of IWM, in trading today Super Micro Computer Inc (Symbol: SMCI) is down about 0.9%, Light & Wonder Inc (Symbol: LNW) is up about 0.3%, and Simpson Manufacturing Co., Inc. (Symbol: SSD) is up by about 2.5%. For a complete list of holdings, visit the IWM Holdings page » The chart below shows the one year price performance of IWM, versus its 200 day moving average:
Looking at the chart above, IWM's low point in its 52 week range is $161.67 per share, with $199.26 as the 52 week high point — that compares with a last trade of $186.81. 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 experienced notable outflows »
Also see:
VYGG Options Chain
Institutional Holders of Amphenol
Institutional Holders of EKAR
The views and 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: VYGG Options Chain Institutional Holders of Amphenol Institutional Holders of EKAR The views and 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 IWM Holdings page » The chart below shows the one year price performance of IWM, versus its 200 day moving average: Looking at the chart above, IWM's low point in its 52 week range is $161.67 per share, with $199.26 as the 52 week high point — that compares with a last trade of $186.81. 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: VYGG Options Chain Institutional Holders of Amphenol Institutional Holders of EKAR The views and 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 iShares Russell 2000 ETF (Symbol: IWM) where we have detected an approximate $2.1 billion dollar outflow -- that's a 3.6% decrease week over week (from 311,150,000 to 299,900,000). For a complete list of holdings, visit the IWM Holdings page » The chart below shows the one year price performance of IWM, versus its 200 day moving average: Looking at the chart above, IWM's low point in its 52 week range is $161.67 per share, with $199.26 as the 52 week high point — that compares with a last trade of $186.81. 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 iShares Russell 2000 ETF (Symbol: IWM) where we have detected an approximate $2.1 billion dollar outflow -- that's a 3.6% decrease week over week (from 311,150,000 to 299,900,000). For a complete list of holdings, visit the IWM Holdings page » The chart below shows the one year price performance of IWM, versus its 200 day moving average: Looking at the chart above, IWM's low point in its 52 week range is $161.67 per share, with $199.26 as the 52 week high point — that compares with a last trade of $186.81. 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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56544374-1b71-491e-b73c-ca8f275de488
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714606.0
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2023-12-06 00:00:00 UTC
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Rio Tinto (RIO) Kennecott Operations to Run on Renewable Diesel
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DCOMP
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https://www.nasdaq.com/articles/rio-tinto-rio-kennecott-operations-to-run-on-renewable-diesel
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nan
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nan
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Rio Tinto RIO announced that its Kennecott copper operation will fully shift from fossil diesel to renewable diesel in the first quarter of 2024. This move aligns with Rio Tinto’s efforts to transition toward cleaner energy sources and achieve its net-zero carbon goals. This change will not only lower the operation’s carbon footprint but also set an example for the mining industry to adopt cleaner and more sustainable energy alternatives.
Kennecott, located near Salt Lake City, UT, has been mining and processing minerals from the rich ore body of the Bingham Canyon Mine since 1903. It is currently the second-largest copper producer in the United States.
The entire fleet of 90 haul trucks, heavy machinery as well as the concentrator, smelter, and refinery at the Kennecott copper operation will now run on renewable diesel. Renewable diesel is produced using renewable biogenic materials sourced in the United States. It will be distributed through the existing diesel supply chain, as part of an ongoing collaboration between Kennecott and HF Sinclair.
Since 2019, Rio Tinto has so far lowered the operation’s carbon emissions by 65%. The current move will help cut down Kennecott’s Scope 1 carbon emissions by the equivalent of 495,000 tons of carbon dioxide per year. This is the same as eliminating the annual emissions of more than 107,000 passenger cars.
In May 2023, Rio Tinto announced that its Boron, CA operation had started operating with a fleet running on renewable diesel. It was the first open pit mine in the world to manage this feat. This transition of the heavy machinery at the site from fossil diesel to renewable diesel is expected to result in an annual reduction in carbon dioxide emissions by up to 45,000 tons.
The transition at these two operations would replace 11% of Rio Tinto's global fossil diesel consumption with renewable diesel. The company is targeting reductions in Scope 1 and 2 carbon emissions of 50% by 2030 and net zero by 2050.
Rio Tinto is investing in underground development infrastructure and strengthening its processing facilities at the Kennecott operations. This will help the company boost its copper output and capitalize on the growing demand for metal stemming from the trend of energy transition.
Price Performance
In the past year, shares of Rio Tinto have declined 3.8% against the industry’s 5% growth.
Image Source: Zacks Investment Research
Zacks Rank & Stocks to Consider
Rio Tinto currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the basic materials space are Axalta Coating Systems Ltd. AXTA, Universal Stainless & Alloy Products, Inc. USAP and The Andersons Inc. ANDE. While AXTA sports a Zacks Rank #1 (Strong Buy), USAP and ANDE carry a Zacks Rank #2 (Buy) each at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Axalta Coating’s 2023 earnings is pegged at 44 cents per share. The consensus estimate for 2023 earnings has moved 23% north in the past 60 days. Shares of AXTA have gained 26% in a year.
Universal Stainless & Alloy Products has an average trailing four-quarter earnings surprise of 44.4%. The Zacks Consensus Estimate for USAP’s 2023 earnings is pegged at 27 cents per share. Earnings estimates have been unchanged in the past 60 days. Shares of USAP have rallied 140% in the last year.
The consensus estimate for ANDE's current-year earnings has been revised 3.3% upward over the past 60 days. Andersons beat the Zacks Consensus Estimate in each of the last four quarters. It delivered a trailing four-quarter earnings surprise of 64.4%, on average. Shares of ANDE have surged around 32% in a year.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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 Andersons, Inc. (ANDE) : Free Stock Analysis Report
Rio Tinto PLC (RIO) : Free Stock Analysis Report
Universal Stainless & Alloy Products, Inc. (USAP) : Free Stock Analysis Report
Axalta Coating Systems Ltd. (AXTA) : 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 move aligns with Rio Tinto’s efforts to transition toward cleaner energy sources and achieve its net-zero carbon goals. This change will not only lower the operation’s carbon footprint but also set an example for the mining industry to adopt cleaner and more sustainable energy alternatives. The entire fleet of 90 haul trucks, heavy machinery as well as the concentrator, smelter, and refinery at the Kennecott copper operation will now run on renewable diesel.
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Image Source: Zacks Investment Research Zacks Rank & Stocks to Consider Rio Tinto currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks from the basic materials space are Axalta Coating Systems Ltd. AXTA, Universal Stainless & Alloy Products, Inc. USAP and The Andersons Inc. ANDE. Click to get this free report The Andersons, Inc. (ANDE) : Free Stock Analysis Report Rio Tinto PLC (RIO) : Free Stock Analysis Report Universal Stainless & Alloy Products, Inc. (USAP) : Free Stock Analysis Report Axalta Coating Systems Ltd. (AXTA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Rio Tinto RIO announced that its Kennecott copper operation will fully shift from fossil diesel to renewable diesel in the first quarter of 2024. Image Source: Zacks Investment Research Zacks Rank & Stocks to Consider Rio Tinto currently carries a Zacks Rank #3 (Hold). Click to get this free report The Andersons, Inc. (ANDE) : Free Stock Analysis Report Rio Tinto PLC (RIO) : Free Stock Analysis Report Universal Stainless & Alloy Products, Inc. (USAP) : Free Stock Analysis Report Axalta Coating Systems Ltd. (AXTA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Rio Tinto RIO announced that its Kennecott copper operation will fully shift from fossil diesel to renewable diesel in the first quarter of 2024. Since 2019, Rio Tinto has so far lowered the operation’s carbon emissions by 65%. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research?
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72d149bf-74c1-4304-8742-1e26217d6940
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714607.0
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2023-12-06 00:00:00 UTC
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Orsted South Fork offshore wind farm delivers first power to NY electric grid
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DCOMP
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https://www.nasdaq.com/articles/orsted-south-fork-offshore-wind-farm-delivers-first-power-to-ny-electric-grid
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nan
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Adds background
Dec 6 (Reuters) - Danish energy company Orsted's ORSTED.CO South Fork offshore wind farm off New York State delivered its first power to the state's power grid, according to a press release by New York Governor Kathy Hochul on Wednesday.
The announcement is a bit of positive news in what has been a tough year for the nascent industry in the United States, which has faced financial troubles in recent months.
Offshore wind is expected to play a major role in New York's plan to reduce carbon emissions by getting 70% of the state's electricity from renewable sources by 2030. It is also a pillar of President Joe Biden's plan to decarbonize the U.S. power grid and combat climate change.
In November, New York launched a new offshore wind solicitation to help support the development of 9,000 megawatts (MW) of offshore wind by 2035, enough to power up to six million homes.
(Reporting by Scott DiSavino in New York and Nora Buli in Oslo Editing by Mark Potter)
((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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Adds background Dec 6 (Reuters) - Danish energy company Orsted's ORSTED.CO South Fork offshore wind farm off New York State delivered its first power to the state's power grid, according to a press release by New York Governor Kathy Hochul on Wednesday. The announcement is a bit of positive news in what has been a tough year for the nascent industry in the United States, which has faced financial troubles in recent months. Offshore wind is expected to play a major role in New York's plan to reduce carbon emissions by getting 70% of the state's electricity from renewable sources by 2030.
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Adds background Dec 6 (Reuters) - Danish energy company Orsted's ORSTED.CO South Fork offshore wind farm off New York State delivered its first power to the state's power grid, according to a press release by New York Governor Kathy Hochul on Wednesday. Offshore wind is expected to play a major role in New York's plan to reduce carbon emissions by getting 70% of the state's electricity from renewable sources by 2030. It is also a pillar of President Joe Biden's plan to decarbonize the U.S. power grid and combat climate change.
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Adds background Dec 6 (Reuters) - Danish energy company Orsted's ORSTED.CO South Fork offshore wind farm off New York State delivered its first power to the state's power grid, according to a press release by New York Governor Kathy Hochul on Wednesday. Offshore wind is expected to play a major role in New York's plan to reduce carbon emissions by getting 70% of the state's electricity from renewable sources by 2030. In November, New York launched a new offshore wind solicitation to help support the development of 9,000 megawatts (MW) of offshore wind by 2035, enough to power up to six million homes.
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Adds background Dec 6 (Reuters) - Danish energy company Orsted's ORSTED.CO South Fork offshore wind farm off New York State delivered its first power to the state's power grid, according to a press release by New York Governor Kathy Hochul on Wednesday. The announcement is a bit of positive news in what has been a tough year for the nascent industry in the United States, which has faced financial troubles in recent months. Offshore wind is expected to play a major role in New York's plan to reduce carbon emissions by getting 70% of the state's electricity from renewable sources by 2030.
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8e4da912-289b-4276-a1db-876c0fe6dbeb
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714608.0
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2023-12-06 00:00:00 UTC
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Wednesday 12/6 Insider Buying Report: VYX, WOOF
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DCOMP
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https://www.nasdaq.com/articles/wednesday-12-6-insider-buying-report%3A-vyx-woof
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nan
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Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
On Friday, NCR Voyix's Director, Kevin Michael Reddy, made a $100,312 purchase of VYX, buying 6,250 shares at a cost of $16.05 a piece. Bargain hunters are able to pick up VYX at a price even lower than Reddy did, with the stock changing hands as low as $15.51 in trading on Wednesday which is 3.4% below Reddy's purchase price. NCR Voyix is trading up about 0.7% on the day Wednesday. This buy marks the first one filed by Reddy in the past year.
And at Petco Health & Wellness, there was insider buying on Friday, by Director Gary S. Briggs who purchased 30,000 shares at a cost of $3.33 each, for a total investment of $99,924. Petco Health & Wellness is trading up about 4% on the day Wednesday. So far Briggs is in the green, up about 5.7% on their purchase based on today's trading high of $3.52.
VIDEO: Wednesday 12/6 Insider Buying Report: VYX, WOOF
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. On Friday, NCR Voyix's Director, Kevin Michael Reddy, made a $100,312 purchase of VYX, buying 6,250 shares at a cost of $16.05 a piece. And at Petco Health & Wellness, there was insider buying on Friday, by Director Gary S. Briggs who purchased 30,000 shares at a cost of $3.33 each, for a total investment of $99,924.
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On Friday, NCR Voyix's Director, Kevin Michael Reddy, made a $100,312 purchase of VYX, buying 6,250 shares at a cost of $16.05 a piece. And at Petco Health & Wellness, there was insider buying on Friday, by Director Gary S. Briggs who purchased 30,000 shares at a cost of $3.33 each, for a total investment of $99,924. VIDEO: Wednesday 12/6 Insider Buying Report: VYX, WOOF The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. Bargain hunters are able to pick up VYX at a price even lower than Reddy did, with the stock changing hands as low as $15.51 in trading on Wednesday which is 3.4% below Reddy's purchase price. And at Petco Health & Wellness, there was insider buying on Friday, by Director Gary S. Briggs who purchased 30,000 shares at a cost of $3.33 each, for a total investment of $99,924.
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On Friday, NCR Voyix's Director, Kevin Michael Reddy, made a $100,312 purchase of VYX, buying 6,250 shares at a cost of $16.05 a piece. Bargain hunters are able to pick up VYX at a price even lower than Reddy did, with the stock changing hands as low as $15.51 in trading on Wednesday which is 3.4% below Reddy's purchase price. And at Petco Health & Wellness, there was insider buying on Friday, by Director Gary S. Briggs who purchased 30,000 shares at a cost of $3.33 each, for a total investment of $99,924.
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e6b00d54-6d08-4c57-987c-9cfc1c616ca1
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714609.0
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2023-12-06 00:00:00 UTC
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Donaldson (DCI) Gains on End-Market Strength Amid Cost Woes
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DCOMP
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https://www.nasdaq.com/articles/donaldson-dci-gains-on-end-market-strength-amid-cost-woes
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nan
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nan
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Donaldson Company, Inc. DCI is poised to gain from its strong product portfolio, solid demand, growth investments and a focus on innovation. Also, exposure to diverse key sectors, such as construction, mining, aerospace, defense, and food & beverage, fortifies DCI's resilience to market fluctuations.
Continued strength in dust collection sales and power generation project timing within the industrial filtration solutions business and increasing defense sales within the Aerospace and Defense business are aiding the company’s Industrial Solutions segment. For fiscal 2024 (ending July 2024), the company expects Industrial Solutions sales to be up 3-7% year over year.
Donaldson aims to expand its market share, product offerings and customer base through strategic acquisitions. DCI acquired Univercells Technologies in June 2023, which expanded its growing offering in the life sciences industry. Univercells has been added to Donaldson’s Life Sciences segment. The company acquired Isolere Bio in February 2023. The Isolere buyout enables Donaldson to create leading separation and filtration solutions for emerging genetic-based drugs and Isolere’s revenues are reported within the Donaldson Life Sciences segment.
Donaldson’s measures to reward its shareholders through dividend payments and share buybacks are noteworthy. The company paid a dividend worth $30.2 million in the first three months of fiscal 2024 (ended October 2023). DCI bought back shares worth $53.3 million in the first three months of fiscal 2024. It is worth noting that the company’s quarterly dividend was hiked 8.7% in May 2023. For fiscal 2024, the company plans to buy back approximately 2% of its outstanding shares.
However, Donaldson’s Mobile Solutions segment is experiencing weakness due to end-market demand in China within the Off-Road business and inventory destocking in the original equipment portion within the Aftermarket business. Softness due to continued disk drive market weakness is concerning for the Life Sciences segment.
An increase in the operating expenses due to rising hiring and acquisition-related expenses is hurting Donaldson’s profitability. If not controlled, rising costs may dent the company's bottom line in the near term.
In the past year, this current Zacks Rank #3 (Hold) company has rallied 3% against the industry’s 7.4% decline.
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 3.3%. The stock has risen 49% 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 3.7% in the past 60 days. Shares of Applied Industrial have jumped 31% 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 28.7% in the past year.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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
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
Donaldson Company, Inc. (DCI) : 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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Donaldson Company, Inc. DCI is poised to gain from its strong product portfolio, solid demand, growth investments and a focus on innovation. Also, exposure to diverse key sectors, such as construction, mining, aerospace, defense, and food & beverage, fortifies DCI's resilience to market fluctuations. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector.
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Continued strength in dust collection sales and power generation project timing within the industrial filtration solutions business and increasing defense sales within the Aerospace and Defense business are aiding the company’s Industrial Solutions segment. Flowserve Corporation FLS presently carries a Zacks Rank #2 (Buy). Click to get this free 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 Donaldson Company, Inc. (DCI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Continued strength in dust collection sales and power generation project timing within the industrial filtration solutions business and increasing defense sales within the Aerospace and Defense business are aiding the company’s Industrial Solutions segment. Image Source: Zacks Investment Research Stocks to Consider Some better-ranked companies from the Industrial Products sector are discussed below: Click to get this free 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 Donaldson Company, Inc. (DCI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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DCI acquired Univercells Technologies in June 2023, which expanded its growing offering in the life sciences industry. Flowserve Corporation FLS presently carries a Zacks Rank #2 (Buy). Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research?
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09317734-1acf-47f2-b395-bb545a728e65
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714610.0
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2023-12-06 00:00:00 UTC
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Is It Wise to Add Lamar (LAMR) Stock to Your Portfolio Now?
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DCOMP
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https://www.nasdaq.com/articles/is-it-wise-to-add-lamar-lamr-stock-to-your-portfolio-now
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nan
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nan
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Shares of Lamar Advertising LAMR have risen 19.1% over the past three months, outperforming the industry’s growth of 4.6%.
The impressive footprint of outdoor advertising assets, the unmatched logo sign business, a diversified tenant base across various sectors and a focus on local businesses are tailwinds for Lamar.
Moreover, the estimate revision trend for 2023 funds from operations (FFO) per share indicates a favorable outlook for this Zacks Rank #2 (Buy) company as it has been revised 1.7% northward over the past two months.
Image Source: Zacks Investment Research
What Makes Lamar Advertising a Solid Pick?
Impressive Footprint & Diversified Tenant Base: Lamar enjoys an impressive national footprint and holds a leading position as a provider of logo signs in the United States. The company enjoys a diversified tenant base comprising tenants from the services, health care, restaurants, retailers, automotive, insurance and gaming categories. Lamar also sources a significant part of its revenues from local businesses with a diversified base of tenants. This generally leads to less volatility in revenues.
In the third quarter of 2023, local and regional sales accounted for 77% of the company’s billboard revenues. Moreover, local and regional sales reported growth for the 10th consecutive quarter, increasing 2.3%.
Bolstering Digital Capabilities: Over the recent years, the company has made concerted efforts to upgrade its portfolio, increasing occupancy in its existing advertising displays and enabling it to enjoy a significant market share in the U.S. outdoor advertising business. The company's increased focus on bolstering its digital capabilities augurs well for long-term growth.
Lamar offers customers the largest network of digital billboards in the United States, with around 4,700 displays as of the end of the third quarter of 2023. The company is on track to meet its target of approximately 300 organic conversions this year. Lamar’s digital revenues accounted for 30% of its billboard revenues in the third quarter.
Expansionary Efforts: Out-of-home (OOH) advertising has been growing at a rapid pace and continues to increase its market share in comparison with other forms of media. The cost of advertisement through this medium is comparatively lower than other media. Also, fragmentation across other advertising media and technological advancements in the OOH segment are aiding the shift to outdoor advertising.
In this environment, Lamar’s expansion activities over the recent years bode well for long-term growth. In 2021, Lamar completed acquisitions for a total cash purchase price of around $312.3 million. Further, in 2022, the company completed 73 acquisitions of outdoor advertising assets for $479.8 million. Following two active years on the M&A front, volumes in its acquisition pipeline have moderated. However, in the nine months ended Sep 30, 2023, Lamar closed several acquisitions for a total of $120.3 million.
Cash Flow Strength & ROE: Lamar has enjoyed historical cash flow growth of 8.27% compared with 4.93% of the industry. Moreover, its current cash flow growth is projected at 19.39%, well ahead of the 8.02% growth projected for the industry.
Moreover, this REIT’s trailing 12-month return on equity (“ROE”) highlights its growth potential. Lamar’s ROE is 35.03% compared with the industry’s average of 3.08%. This reflects that the company reinvests more efficiently compared with the industry.
Dividend Payout: Solid dividend payouts remain the biggest attraction for REIT investors, and Lamar remains committed to the same. In February 2023, the firm increased its quarterly dividend payment on its Class A common stock and Class B common stock to $1.25 per share from $1.20 paid earlier, denoting a 4.2% hike. In the last five years, the company has raised its dividend eight times, and its five-year annualized dividend growth rate is 10.21%, which is encouraging. Such efforts raise investors’ optimism in the stock.
Other Stocks to Consider
Some other top-ranked stocks from the REIT sector are Iron Mountain IRM and STAG Industrial, Inc. STAG, each carrying a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for Iron Mountain’s current-year FFO per share of $3.98 suggests projected growth of 4.74%.
The Zacks Consensus Estimate for STAG Industrial’s 2023 FFO per share has moved 1.3% upward in the past two months to $2.28 and indicates an estimated increase of 3.2% year over year.
Note: Anything related to earnings presented in this write-up represents FFO — a widely used metric to gauge the performance of REITs.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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
Iron Mountain Incorporated (IRM) : Free Stock Analysis Report
Lamar Advertising Company (LAMR) : Free Stock Analysis Report
Stag Industrial, Inc. (STAG) : 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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Lamar offers customers the largest network of digital billboards in the United States, with around 4,700 displays as of the end of the third quarter of 2023. Expansionary Efforts: Out-of-home (OOH) advertising has been growing at a rapid pace and continues to increase its market share in comparison with other forms of media. Note: Anything related to earnings presented in this write-up represents FFO — a widely used metric to gauge the performance of REITs.
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The impressive footprint of outdoor advertising assets, the unmatched logo sign business, a diversified tenant base across various sectors and a focus on local businesses are tailwinds for Lamar. Impressive Footprint & Diversified Tenant Base: Lamar enjoys an impressive national footprint and holds a leading position as a provider of logo signs in the United States. Click to get this free report Iron Mountain Incorporated (IRM) : Free Stock Analysis Report Lamar Advertising Company (LAMR) : Free Stock Analysis Report Stag Industrial, Inc. (STAG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Bolstering Digital Capabilities: Over the recent years, the company has made concerted efforts to upgrade its portfolio, increasing occupancy in its existing advertising displays and enabling it to enjoy a significant market share in the U.S. outdoor advertising business. The Zacks Consensus Estimate for STAG Industrial’s 2023 FFO per share has moved 1.3% upward in the past two months to $2.28 and indicates an estimated increase of 3.2% year over year. Click to get this free report Iron Mountain Incorporated (IRM) : Free Stock Analysis Report Lamar Advertising Company (LAMR) : Free Stock Analysis Report Stag Industrial, Inc. (STAG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Lamar also sources a significant part of its revenues from local businesses with a diversified base of tenants. Bolstering Digital Capabilities: Over the recent years, the company has made concerted efforts to upgrade its portfolio, increasing occupancy in its existing advertising displays and enabling it to enjoy a significant market share in the U.S. outdoor advertising business. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research?
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707435b1-0f55-40ba-a5b4-d6b380d53755
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714611.0
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2023-12-06 00:00:00 UTC
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Ex-Dividend Reminder: SITE Centers, Healthstream and TELUS
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DCOMP
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https://www.nasdaq.com/articles/ex-dividend-reminder%3A-site-centers-healthstream-and-telus
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nan
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nan
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Looking at the universe of stocks we cover at Dividend Channel, on 12/8/23, SITE Centers Corp (Symbol: SITC), Healthstream Inc (Symbol: HSTM), and TELUS Corp (Symbol: TU) will all trade ex-dividend for their respective upcoming dividends. SITE Centers Corp will pay its quarterly dividend of $0.13 on 1/5/24, Healthstream Inc will pay its quarterly dividend of $0.025 on 12/22/23, and TELUS Corp will pay its quarterly dividend of $0.3761 on 1/2/24. As a percentage of SITC's recent stock price of $13.53, this dividend works out to approximately 0.96%, so look for shares of SITE Centers Corp to trade 0.96% lower — all else being equal — when SITC shares open for trading on 12/8/23. Similarly, investors should look for HSTM to open 0.10% lower in price and for TU to open 2.02% lower, all else being equal.
Below are dividend history charts for SITC, HSTM, and TU, showing historical dividends prior to the most recent ones declared.
SITE Centers Corp (Symbol: SITC):
Healthstream Inc (Symbol: HSTM):
TELUS Corp (Symbol: TU):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 3.84% for SITE Centers Corp, 0.38% for Healthstream Inc, and 8.08% for TELUS Corp.
Free Report: Top 8%+ Dividends (paid monthly)
In Wednesday trading, SITE Centers Corp shares are currently down about 0.8%, Healthstream Inc shares are up about 1.3%, and TELUS Corp shares are off about 0.2% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
Also see:
Services Stocks Hedge Funds Are Selling
Funds Holding FVCB
Top Ten Hedge Funds Holding ATK
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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As a percentage of SITC's recent stock price of $13.53, this dividend works out to approximately 0.96%, so look for shares of SITE Centers Corp to trade 0.96% lower — all else being equal — when SITC shares open for trading on 12/8/23. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. If they do continue, the current estimated yields on annualized basis would be 3.84% for SITE Centers Corp, 0.38% for Healthstream Inc, and 8.08% for TELUS Corp. Free Report: Top 8%+ Dividends (paid monthly) In Wednesday trading, SITE Centers Corp shares are currently down about 0.8%, Healthstream Inc shares are up about 1.3%, and TELUS Corp shares are off about 0.2% on the day.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/8/23, SITE Centers Corp (Symbol: SITC), Healthstream Inc (Symbol: HSTM), and TELUS Corp (Symbol: TU) will all trade ex-dividend for their respective upcoming dividends. SITE Centers Corp will pay its quarterly dividend of $0.13 on 1/5/24, Healthstream Inc will pay its quarterly dividend of $0.025 on 12/22/23, and TELUS Corp will pay its quarterly dividend of $0.3761 on 1/2/24. SITE Centers Corp (Symbol: SITC): Healthstream Inc (Symbol: HSTM): TELUS Corp (Symbol: TU): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/8/23, SITE Centers Corp (Symbol: SITC), Healthstream Inc (Symbol: HSTM), and TELUS Corp (Symbol: TU) will all trade ex-dividend for their respective upcoming dividends. SITE Centers Corp will pay its quarterly dividend of $0.13 on 1/5/24, Healthstream Inc will pay its quarterly dividend of $0.025 on 12/22/23, and TELUS Corp will pay its quarterly dividend of $0.3761 on 1/2/24. If they do continue, the current estimated yields on annualized basis would be 3.84% for SITE Centers Corp, 0.38% for Healthstream Inc, and 8.08% for TELUS Corp. Free Report: Top 8%+ Dividends (paid monthly) In Wednesday trading, SITE Centers Corp shares are currently down about 0.8%, Healthstream Inc shares are up about 1.3%, and TELUS Corp shares are off about 0.2% on the day.
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As a percentage of SITC's recent stock price of $13.53, this dividend works out to approximately 0.96%, so look for shares of SITE Centers Corp to trade 0.96% lower — all else being equal — when SITC shares open for trading on 12/8/23. SITE Centers Corp (Symbol: SITC): Healthstream Inc (Symbol: HSTM): TELUS Corp (Symbol: TU): In general, dividends are not always predictable, following the ups and downs of company profits over time. If they do continue, the current estimated yields on annualized basis would be 3.84% for SITE Centers Corp, 0.38% for Healthstream Inc, and 8.08% for TELUS Corp. Free Report: Top 8%+ Dividends (paid monthly) In Wednesday trading, SITE Centers Corp shares are currently down about 0.8%, Healthstream Inc shares are up about 1.3%, and TELUS Corp shares are off about 0.2% on the day.
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a1f9fa21-7b63-469f-8650-d220a855dc54
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714612.0
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2023-12-06 00:00:00 UTC
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4 Low-Beta P&C Insurance Stocks to Beat Volatile Market
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DCOMP
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https://www.nasdaq.com/articles/4-low-beta-pc-insurance-stocks-to-beat-volatile-market
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nan
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Fed’s move to pause rate hike, economic slowdown and inflationary pressure are some factors that have been inducing market volatility. The growth rate is expected to slow down to 0.7% in the fourth quarter, per a Treasury Department forecast posted on CNBC. Fed estimated GDP to grow 1.5% in 2024 at its September FOMC meeting. Despite challenges, the Zacks Property and Casualty (P&C) Insurance industry has gained 11.8% year to date compared with the S&P 500 Composite’s gain of 19.6% and the Finance sector’s increase of 10.1%, banking on its operational strength.
Investors always look for a safe portfolio of stocks that would give them solid returns amid market turmoil. Arch Capital Group ACGL, The Allstate Corporation ALL, The Travelers Companies Inc. TRV, and Axis Capital Holdings Limited AXS have the potential to make investors happy, courtesy of their fundamental strength.
Factors Driving the Industry
The P&C insurance industry continues to benefit from improved pricing, increased exposure, prudent underwriting, streamlined portfolio, new business growth as well as stable retention.
Global commercial insurance prices rose for 24 straight quarters, though the magnitude has slowed down, per Marsh Global Insurance Market Index. Better pricing ensures improved premiums.
AM Best states that premiums for the U.S. P&C industry, net of reinsurance, grew 9.7% in the first six months of 2023. Per Deloitte Insights, gross premiums are estimated to increase about six-fold to $722 billion by 2030. China and North America should account for more than two-thirds of theglobal market per the report.
However, the performance of insurers is measured by underwriting profitability. AM Best reports a total net underwriting loss of $24.5 billion in the first half of 2023, much higher than the $6.6 billion incurred in the year-ago period, mainly attributable to rising loss costs, above-average catastrophe activity, and adverse trends in personal auto. In fact, AM Best maintains a negative outlook on U.S. personal lines with no expectation to reverse the same soon.
The insurance industry is a beneficiary of the rising rate environment. The Fed has raised rates 11 times since March 2022. Though the Fed paused the rate hike, there are chances of a rate cut next year. Nonetheless, companies that have locked in high-interest rates are bound to generate higher yields at this point.
Industry players remain focused on digitalization to improve scale and efficiencies. A sturdy capital level supports inorganic expansion, investment in growth initiatives and capital payout to shareholders.
Amid the current situation, let’s focus on some low-beta stocks that tend to deliver steady performance irrespective of market conditions.
What is Beta?
Beta indicates the volatility of a particular stock with respect to the market. In other words, beta measures the extent of stock price movement relative to the market.
If a company has a beta of 1, it means that the relative volatility of the stock is the same as that of the market. In the same way, if the stock's beta is greater than 1, then it is more volatile than the market. Conversely, a beta below 1 signifies low volatility.
In a turbulent market, it is advisable to focus on low-beta stocks as these will ensure a steady return on investment.
The Winning Strategy
We have used our proprietary Zacks Stock Screener to find out stocks that can deliver steady performance even in times of uncertainty. We have included stocks with a beta less than 1 for shortlisting low-risk stocks. But low beta cannot be the only stock selection criterion. So, we have added a few other parameters:
Percentage Change in Price in the Last 12 Weeks greater than 1: This ensures that the stocks saw positive price movement over the last three months.
Average 20 Day Volume greater than 400,000: A substantial trading volume ensures that the stocks are easily tradable.
Zacks Rank less than equal to 3: Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) stocks will either outperform or perform in line with the broader U.S. equity market over the next one to three months. You can see the complete list of today’s Zacks #1 Rank stocks here.
VGM Score of A or B: The selected stocks have a VGM Score of A or B.
The Picks
Headquartered in Pembroke, Bermuda, Arch Capital Group offers insurance, reinsurance and mortgage insurance across the world. The expected long-term earnings growth rate is 10%. The Zacks Consensus Estimate for 2024 has moved up 0.8% in the past 60 days and indicates year-over-year growth of 1%.
This Zacks Rank #3 is a leading specialty P&C and mortgage insurer, which is poised to grow on new business opportunities, rate increases, growth in existing accounts and inorganic growth encompassing international expansion. With operations spread across geographies, a compelling product portfolio provides meaningful diversification and earnings stability to the insurer.
Headquartered in Northbrook, IL, The Allstate Corporation is the third-largest property-casualty insurer and the largest publicly-held personal lines carrier in the United States. It is principally engaged, through its subsidiaries, in providing a wide variety of property and casualty insurance and surety products and services to businesses, organizations and individuals in the United States and select international markets. The expected long-term earnings growth rate is 7%. The Zacks Consensus Estimate for 2024 has moved up 1.1% in the past 60 days and indicates year-over-year growth of 728.5%.
A diversified product portfolio, strategic acquisitions, and disciplined pricing should continue to fuel the top line. Changes in the business mix to focus on those that command a high return on equity bodes well for growth. Allstate's strategic business streamlining and cost reduction efforts are central to its long-term growth strategy.
New York-based The Travelers Companies is a holding company. It is principally engaged, through its subsidiaries, in providing a wide variety of property and casualty insurance and surety products and services to businesses, organizations and individuals in the United States and select international markets. The expected long-term earnings growth rate is 10.2%. The Zacks Consensus Estimate for 2024 has moved up 1.8% in the past 60 days and indicates year-over-year growth of 51.1%.
Travelers’ high levels of retention, improved pricing and increased new business while achieving a positive renewal premium change poise it well for growth. This Zacks Rank #3 insurer aims to generate increased earnings and capital in excess of growth needs and maintain a balanced approach to rightsizing capital and growing book value per share over time as part of its long-term financial strategy.
Bermuda-based AXIS Capital Holdings Limited provides a broad range of specialty insurance and reinsurance solutions to its clients on a worldwide basis through operating subsidiaries and branch networks based in Bermuda, the United States, Europe, Singapore, Canada, Latin America and the Middle East. The expected long-term earnings growth rate is 5%. The Zacks Consensus Estimate for 2024 has moved up 2% in the past 60 days and indicates year-over-year growth of 11.4%.
Rate increases, increased new business opportunities and focus on driving growth in its most attractive lines, underwriting excellence, a compelling and diversified product portfolio, digital capabilities and solid capital position poise it well for growth.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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 Travelers Companies, Inc. (TRV) : Free Stock Analysis Report
The Allstate Corporation (ALL) : Free Stock Analysis Report
Axis Capital Holdings Limited (AXS) : Free Stock Analysis Report
Arch Capital Group Ltd. (ACGL) : 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 is principally engaged, through its subsidiaries, in providing a wide variety of property and casualty insurance and surety products and services to businesses, organizations and individuals in the United States and select international markets. Bermuda-based AXIS Capital Holdings Limited provides a broad range of specialty insurance and reinsurance solutions to its clients on a worldwide basis through operating subsidiaries and branch networks based in Bermuda, the United States, Europe, Singapore, Canada, Latin America and the Middle East.
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It is principally engaged, through its subsidiaries, in providing a wide variety of property and casualty insurance and surety products and services to businesses, organizations and individuals in the United States and select international markets. Click to get this free report The Travelers Companies, Inc. (TRV) : Free Stock Analysis Report The Allstate Corporation (ALL) : Free Stock Analysis Report Axis Capital Holdings Limited (AXS) : Free Stock Analysis Report Arch Capital Group Ltd. (ACGL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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This Zacks Rank #3 is a leading specialty P&C and mortgage insurer, which is poised to grow on new business opportunities, rate increases, growth in existing accounts and inorganic growth encompassing international expansion. Rate increases, increased new business opportunities and focus on driving growth in its most attractive lines, underwriting excellence, a compelling and diversified product portfolio, digital capabilities and solid capital position poise it well for growth. Click to get this free report The Travelers Companies, Inc. (TRV) : Free Stock Analysis Report The Allstate Corporation (ALL) : Free Stock Analysis Report Axis Capital Holdings Limited (AXS) : Free Stock Analysis Report Arch Capital Group Ltd. (ACGL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Factors Driving the Industry The P&C insurance industry continues to benefit from improved pricing, increased exposure, prudent underwriting, streamlined portfolio, new business growth as well as stable retention. This Zacks Rank #3 is a leading specialty P&C and mortgage insurer, which is poised to grow on new business opportunities, rate increases, growth in existing accounts and inorganic growth encompassing international expansion. Rate increases, increased new business opportunities and focus on driving growth in its most attractive lines, underwriting excellence, a compelling and diversified product portfolio, digital capabilities and solid capital position poise it well for growth.
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714613.0
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2023-12-06 00:00:00 UTC
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Ex-Dividend Reminder: Vertiv Holdings, Spire and UMB Financial
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DCOMP
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https://www.nasdaq.com/articles/ex-dividend-reminder%3A-vertiv-holdings-spire-and-umb-financial
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nan
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Looking at the universe of stocks we cover at Dividend Channel, on 12/8/23, Vertiv Holdings Co (Symbol: VRT), Spire Inc (Symbol: SR), and UMB Financial Corp (Symbol: UMBF) will all trade ex-dividend for their respective upcoming dividends. Vertiv Holdings Co will pay its annual dividend of $0.025 on 12/27/23, Spire Inc will pay its quarterly dividend of $0.755 on 1/3/24, and UMB Financial Corp will pay its quarterly dividend of $0.39 on 1/2/24. As a percentage of VRT's recent stock price of $45.15, this dividend works out to approximately 0.06%, so look for shares of Vertiv Holdings Co to trade 0.06% lower — all else being equal — when VRT shares open for trading on 12/8/23. Similarly, investors should look for SR to open 1.22% lower in price and for UMBF to open 0.51% lower, all else being equal.
Below are dividend history charts for VRT, SR, and UMBF, showing historical dividends prior to the most recent ones declared.
Vertiv Holdings Co (Symbol: VRT):
Spire Inc (Symbol: SR):
UMB Financial Corp (Symbol: UMBF):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 0.06% for Vertiv Holdings Co, 4.88% for Spire Inc, and 2.06% for UMB Financial Corp.
In Wednesday trading, Vertiv Holdings Co shares are currently off about 0.5%, Spire Inc shares are off about 1.2%, and UMB Financial Corp shares are down about 0.2% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
Also see:
Average Annual Return
JEMD Insider Buying
ZLAB Options Chain
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. If they do continue, the current estimated yields on annualized basis would be 0.06% for Vertiv Holdings Co, 4.88% for Spire Inc, and 2.06% for UMB Financial Corp. dividend stocks should be on your radar screen » Also see: Average Annual Return JEMD Insider Buying ZLAB Options Chain The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/8/23, Vertiv Holdings Co (Symbol: VRT), Spire Inc (Symbol: SR), and UMB Financial Corp (Symbol: UMBF) will all trade ex-dividend for their respective upcoming dividends. Vertiv Holdings Co will pay its annual dividend of $0.025 on 12/27/23, Spire Inc will pay its quarterly dividend of $0.755 on 1/3/24, and UMB Financial Corp will pay its quarterly dividend of $0.39 on 1/2/24. Vertiv Holdings Co (Symbol: VRT): Spire Inc (Symbol: SR): UMB Financial Corp (Symbol: UMBF): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/8/23, Vertiv Holdings Co (Symbol: VRT), Spire Inc (Symbol: SR), and UMB Financial Corp (Symbol: UMBF) will all trade ex-dividend for their respective upcoming dividends. Vertiv Holdings Co will pay its annual dividend of $0.025 on 12/27/23, Spire Inc will pay its quarterly dividend of $0.755 on 1/3/24, and UMB Financial Corp will pay its quarterly dividend of $0.39 on 1/2/24. Vertiv Holdings Co (Symbol: VRT): Spire Inc (Symbol: SR): UMB Financial Corp (Symbol: UMBF): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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As a percentage of VRT's recent stock price of $45.15, this dividend works out to approximately 0.06%, so look for shares of Vertiv Holdings Co to trade 0.06% lower — all else being equal — when VRT shares open for trading on 12/8/23. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 0.06% for Vertiv Holdings Co, 4.88% for Spire Inc, and 2.06% for UMB Financial Corp.
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dbcb5b05-4357-4935-a186-af2958475af8
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714614.0
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2023-12-06 00:00:00 UTC
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Dow Movers: CVX, CAT
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DCOMP
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https://www.nasdaq.com/articles/dow-movers%3A-cvx-cat
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nan
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In early trading on Wednesday, shares of Caterpillar topped the list of the day's best performing Dow Jones Industrial Average components, trading up 1.2%. Year to date, Caterpillar registers a 7.8% gain.
And the worst performing Dow component thus far on the day is Chevron, trading down 0.6%. Chevron is lower by about 20.9% looking at the year to date performance.
Two other components making moves today are Verizon Communications, trading down 0.5%, and Boeing, trading up 0.8% on the day.
VIDEO: Dow Movers: CVX, CAT
The views and 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 Wednesday, shares of Caterpillar topped the list of the day's best performing Dow Jones Industrial Average components, trading up 1.2%. And the worst performing Dow component thus far on the day is Chevron, trading down 0.6%. VIDEO: Dow Movers: CVX, CAT The views and 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 Wednesday, shares of Caterpillar topped the list of the day's best performing Dow Jones Industrial Average components, trading up 1.2%. Year to date, Caterpillar registers a 7.8% gain. And the worst performing Dow component thus far on the day is Chevron, trading down 0.6%.
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In early trading on Wednesday, shares of Caterpillar topped the list of the day's best performing Dow Jones Industrial Average components, trading up 1.2%. And the worst performing Dow component thus far on the day is Chevron, trading down 0.6%. Two other components making moves today are Verizon Communications, trading down 0.5%, and Boeing, trading up 0.8% on the day.
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And the worst performing Dow component thus far on the day is Chevron, trading down 0.6%. Chevron is lower by about 20.9% looking at the year to date performance. VIDEO: Dow Movers: CVX, CAT The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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ff37903f-84cd-4699-bfde-c4f2205937bf
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714615.0
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2023-12-06 00:00:00 UTC
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Ex-Dividend Reminder: Harley-Davidson, VFC and La-Z-Boy
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DCOMP
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https://www.nasdaq.com/articles/ex-dividend-reminder%3A-harley-davidson-vfc-and-la-z-boy
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nan
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Looking at the universe of stocks we cover at Dividend Channel, on 12/8/23, Harley-Davidson Inc (Symbol: HOG), VF Corp. (Symbol: VFC), and La-Z-Boy Inc. (Symbol: LZB) will all trade ex-dividend for their respective upcoming dividends. Harley-Davidson Inc will pay its quarterly dividend of $0.165 on 12/27/23, VF Corp. will pay its quarterly dividend of $0.09 on 12/20/23, and La-Z-Boy Inc. will pay its quarterly dividend of $0.20 on 12/18/23. As a percentage of HOG's recent stock price of $30.71, this dividend works out to approximately 0.54%, so look for shares of Harley-Davidson Inc to trade 0.54% lower — all else being equal — when HOG shares open for trading on 12/8/23. Similarly, investors should look for VFC to open 0.50% lower in price and for LZB to open 0.55% lower, all else being equal.
Below are dividend history charts for HOG, VFC, and LZB, showing historical dividends prior to the most recent ones declared.
Harley-Davidson Inc (Symbol: HOG):
VF Corp. (Symbol: VFC):
La-Z-Boy Inc. (Symbol: LZB):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 2.15% for Harley-Davidson Inc, 1.99% for VF Corp., and 2.22% for La-Z-Boy Inc..
Free Report: Top 8%+ Dividends (paid monthly)
In Wednesday trading, Harley-Davidson Inc shares are currently off about 3.7%, VF Corp. shares are off about 3.8%, and La-Z-Boy Inc. shares are down about 0.6% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
Also see:
Institutional Holders of VAMO
Top Ten Hedge Funds Holding YUMA
TRWH 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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As a percentage of HOG's recent stock price of $30.71, this dividend works out to approximately 0.54%, so look for shares of Harley-Davidson Inc to trade 0.54% lower — all else being equal — when HOG shares open for trading on 12/8/23. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. dividend stocks should be on your radar screen » Also see: Institutional Holders of VAMO Top Ten Hedge Funds Holding YUMA TRWH 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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Looking at the universe of stocks we cover at Dividend Channel, on 12/8/23, Harley-Davidson Inc (Symbol: HOG), VF Corp. (Symbol: VFC), and La-Z-Boy Inc. (Symbol: LZB) will all trade ex-dividend for their respective upcoming dividends. Harley-Davidson Inc will pay its quarterly dividend of $0.165 on 12/27/23, VF Corp. will pay its quarterly dividend of $0.09 on 12/20/23, and La-Z-Boy Inc. will pay its quarterly dividend of $0.20 on 12/18/23. Harley-Davidson Inc (Symbol: HOG): VF Corp. (Symbol: VFC): La-Z-Boy Inc. (Symbol: LZB): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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Looking at the universe of stocks we cover at Dividend Channel, on 12/8/23, Harley-Davidson Inc (Symbol: HOG), VF Corp. (Symbol: VFC), and La-Z-Boy Inc. (Symbol: LZB) will all trade ex-dividend for their respective upcoming dividends. Harley-Davidson Inc will pay its quarterly dividend of $0.165 on 12/27/23, VF Corp. will pay its quarterly dividend of $0.09 on 12/20/23, and La-Z-Boy Inc. will pay its quarterly dividend of $0.20 on 12/18/23. If they do continue, the current estimated yields on annualized basis would be 2.15% for Harley-Davidson Inc, 1.99% for VF Corp., and 2.22% for La-Z-Boy Inc.. Free Report: Top 8%+ Dividends (paid monthly) In Wednesday trading, Harley-Davidson Inc shares are currently off about 3.7%, VF Corp. shares are off about 3.8%, and La-Z-Boy Inc. shares are down about 0.6% on the day.
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Harley-Davidson Inc will pay its quarterly dividend of $0.165 on 12/27/23, VF Corp. will pay its quarterly dividend of $0.09 on 12/20/23, and La-Z-Boy Inc. will pay its quarterly dividend of $0.20 on 12/18/23. As a percentage of HOG's recent stock price of $30.71, this dividend works out to approximately 0.54%, so look for shares of Harley-Davidson Inc to trade 0.54% lower — all else being equal — when HOG shares open for trading on 12/8/23. Harley-Davidson Inc (Symbol: HOG): VF Corp. (Symbol: VFC): La-Z-Boy Inc. (Symbol: LZB): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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714616.0
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2023-12-06 00:00:00 UTC
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3 Top Stocks That Could Double in 2024
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https://www.nasdaq.com/articles/3-top-stocks-that-could-double-in-2024
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We're in the closing weeks of 2023 now, and looking back to the start of the year, most investors would probably be surprised that stocks have posted such strong gains this year. Though fears of a recession have persisted and interest rates have remained elevated, stocks still managed to soar this year. The S&P 500 is up 19.4% for the year, while the Nasdaq Composite has jumped by 36.3%, partially driven by excitement over new artificial intelligence (AI) technologies and a reversal of a sharp sell-off in tech stocks in 2022.
Going into 2024, investors are likely to be surprised again, but there are some clues as to where markets might head next year. Most prognosticators now expect the Federal Reserve to begin lowering interest rates next year, which should offer some support to growth stocks that had been hard hit by the Fed's campaign to rein in inflation.
In particular, three stocks that are down sharply from their pandemic-era peaks that could double next year are Upstart (NASDAQ: UPST), Redfin (NASDAQ: RDFN), and Opendoor Technologies (NASDAQ: OPEN). Let's take a closer look at each one to see why they could double in value next year.
Image source: Getty Images.
1. Upstart: Disrupting consumer lending through AI
Upstart (NASDAQ: UPST) wowed investors in 2021, soaring nearly 2,000% from its initial public offering (IPO) price as the consumer lending platform posted blowout growth and strong profits. However, as easy stimulus money ran out and interest rates spiked, Upstart's revenue tumbled and its profits have evaporated. Naturally, the stock plunged along with it.
Despite those challenges, Upstart's promise of disrupting the FICO score remains just as strong as it was when the business was firing on all cylinders. What's changed is the macroeconomic environment. Higher interest rates made consumers less interested in borrowing, and recession fears made banks reluctant to take over these loans that are initially put on Upstart's books with the intention of selling them off within the first six months.
If current trends persist into 2024, inflation should continue falling as the economy seems likely to stabilize and interest rates could start to come down. That should support renewed interest in Upstart's loans, both from consumers and the company's lending partners. Additionally, Upstart recently launched a home equity line-of-credit product in a handful of states, expanding into the massive home lending market.
Upstart stock is still down 92% from its 2021 peak but jumped 21% on Friday on news that Treasury yields fell, a possible preview of next year.
2. Redfin: A digital-first approach to real estate
Like Upstart, Redfin was a big winner during the pandemic, but the stock has plunged since then, down 92%.
Real estate stocks, in general, have been hit hard by the Fed's interest-rate hikes, which caused mortgage rates to soar, cooling down the housing market. For companies like Redfin, which make money from residential real estate transactions, that's been a problem. Redfin saw revenue decline for the last few quarters. It closed its home-flipping business, Redfin Now, and went through several rounds of layoffs to streamline the business.
Those efforts to streamline the business seem to be paying off. Redfin significantly narrowed its generally accepted accounting principles (GAAP) net loss in the third quarter and posted an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) profit of $7.7 million, up from a loss of $12.5 million in the quarter.
Redfin stock has also been highly sensitive to interest-rate movements, climbing 11% on Friday, and falling interest rates next year would likely drive a surge in 2024.
3: Opendoor: A direct play on the real estate market
Finally, Opendoor Technologies has had a rough couple of years, as mortgage rates rose and the housing market cooled down. The home-flipper's business model is based on buying homes and selling them for more money. It's a great strategy in a hot housing market when prices are soaring but much more challenging when inventory is low and prices are falling.
Opendoor responded to the headwinds by pumping the brakes on homebuying. In the third quarter, it bought 3,136 homes, down from 8,380 in the quarter a year ago, and year-over-year revenue fell 71% in the quarter to $980 million. Home prices remained elevated, but low inventory and high mortgage rates forced it to scale down its transactions.
However, mortgage rates have already started to ease and are likely to fall further if the Fed lowers the federal funds rate. That would almost certainly juice Opendoor's stock price, which is down 91% from its 2021 peak, as its business model is likely to respond quickly to a strengthening housing market.
10 stocks we like better than Upstart
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*Stock Advisor returns as of November 29, 2023
Jeremy Bowman has positions in Redfin and Upstart. The Motley Fool has positions in and recommends Opendoor Technologies, Redfin, and Upstart. The Motley Fool recommends Fair Isaac and recommends the following options: short February 2024 $8 calls on Redfin. 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 S&P 500 is up 19.4% for the year, while the Nasdaq Composite has jumped by 36.3%, partially driven by excitement over new artificial intelligence (AI) technologies and a reversal of a sharp sell-off in tech stocks in 2022. Most prognosticators now expect the Federal Reserve to begin lowering interest rates next year, which should offer some support to growth stocks that had been hard hit by the Fed's campaign to rein in inflation. Real estate stocks, in general, have been hit hard by the Fed's interest-rate hikes, which caused mortgage rates to soar, cooling down the housing market.
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Upstart: Disrupting consumer lending through AI Upstart (NASDAQ: UPST) wowed investors in 2021, soaring nearly 2,000% from its initial public offering (IPO) price as the consumer lending platform posted blowout growth and strong profits. Real estate stocks, in general, have been hit hard by the Fed's interest-rate hikes, which caused mortgage rates to soar, cooling down the housing market. Home prices remained elevated, but low inventory and high mortgage rates forced it to scale down its transactions.
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In particular, three stocks that are down sharply from their pandemic-era peaks that could double next year are Upstart (NASDAQ: UPST), Redfin (NASDAQ: RDFN), and Opendoor Technologies (NASDAQ: OPEN). Upstart: Disrupting consumer lending through AI Upstart (NASDAQ: UPST) wowed investors in 2021, soaring nearly 2,000% from its initial public offering (IPO) price as the consumer lending platform posted blowout growth and strong profits. See the 10 stocks *Stock Advisor returns as of November 29, 2023 Jeremy Bowman has positions in Redfin and Upstart.
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In particular, three stocks that are down sharply from their pandemic-era peaks that could double next year are Upstart (NASDAQ: UPST), Redfin (NASDAQ: RDFN), and Opendoor Technologies (NASDAQ: OPEN). 3: Opendoor: A direct play on the real estate market Finally, Opendoor Technologies has had a rough couple of years, as mortgage rates rose and the housing market cooled down. The home-flipper's business model is based on buying homes and selling them for more money.
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714617.0
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2023-12-06 00:00:00 UTC
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Wall Street bank bosses warn lawmakers of economic toll from tough new rules
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https://www.nasdaq.com/articles/wall-street-bank-bosses-warn-lawmakers-of-economic-toll-from-tough-new-rules
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By Pete Schroeder and Michelle Price
WASHINGTON, Dec 6 (Reuters) - JPMorgan chief executive Jamie Dimon and other major banks warned lawmakers Wednesday that capital hikes and other new regulations being contemplated by U.S. bank regulators will hurt lending, capital markets and the broader economy.
The industry has been waging a fierce campaign to kill the "Basel endgame" proposal, which overhauls how banks must calculate their loss-absorbing capital, and as regulators roll out fair lending and fee cap regulations, among other rules.
The CEOs hope to use the hearing as an opportunity to try to convince key moderate Democratic senators that the rule, which is being led by the Federal Reserve, could stifle lending, hurting small businesses and consumers.
"If enacted as drafted, this proposal will fundamentally alter the U.S. economy in ways that the Federal Reserve has not studied or contemplated," Dimon, CEO of the country's largest lender JPMorgan, said in his prepared testimony published by the Committee on Tuesday.
Senator Sherrod Brown, the Ohio Democrat who chairs the Committee, quickly criticized the banks for aggressively lobbying against the rules, including with multiple public advertising campaigns and meetings with lawmakers. Banks have overstated the adverse potential impact of the rules in a bid to preserve their profit margins, he added.
"Absolutely nothing in these rules would stop your banks from making loans to working families," he said. "What your banks want is to maximize quarterly profits, the cost of everything and everyone else be damned."
The other CEOs appearing are: Bank of America's Brian Moynihan, Wells Fargo's Charles Scharf, Goldman Sachs' David Solomon, Morgan Stanley's James Gorman, State Street's Ronald O'Hanley, and BNY Mellon's Robin Vince.
Regulators say new rules, including capital hikes, are necessary to protect the banking system from unforeseen shocks, especially following the collapse of Silicon Valley Bank and two other lenders earlier this year.
While CEOs are expected to have the support of Republicans who generally oppose tight regulations, they will have to persuade skeptical Democratic lawmakers that the banking sector is sound.
Senator Tim Scott, the panel's top Republican, echoed bank concerns, saying the proposed rules could have a "devastating impact" on small businesses.
Big bank CEOs have been appearing before Congress for several years after the 2007-09 financial crisis and subsequent scandals thrust the industry into Washington's crosshairs.
While they rarely result in legislation, hearings have led banks to make changes. In 2021, Dimon was drawn into a fiery exchange with Democratic Senator Elizabeth Warren about overdraft fees, while last year she grilled him over fraud on bank payment network Zelle. Big banks subsequently reduced overdraft fees and expanded Zelle fraud protections.
(Reporting by Pete Schroeder and Michelle Price; additional reporting by Lananh Nguyen; Editing by David Gregorio and Nick Zieminski)
((michelle.price@thomsonreuters.com; +12026041711; Twitter: @michelleprice36;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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"If enacted as drafted, this proposal will fundamentally alter the U.S. economy in ways that the Federal Reserve has not studied or contemplated," Dimon, CEO of the country's largest lender JPMorgan, said in his prepared testimony published by the Committee on Tuesday. Senator Sherrod Brown, the Ohio Democrat who chairs the Committee, quickly criticized the banks for aggressively lobbying against the rules, including with multiple public advertising campaigns and meetings with lawmakers. The other CEOs appearing are: Bank of America's Brian Moynihan, Wells Fargo's Charles Scharf, Goldman Sachs' David Solomon, Morgan Stanley's James Gorman, State Street's Ronald O'Hanley, and BNY Mellon's Robin Vince.
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By Pete Schroeder and Michelle Price WASHINGTON, Dec 6 (Reuters) - JPMorgan chief executive Jamie Dimon and other major banks warned lawmakers Wednesday that capital hikes and other new regulations being contemplated by U.S. bank regulators will hurt lending, capital markets and the broader economy. The CEOs hope to use the hearing as an opportunity to try to convince key moderate Democratic senators that the rule, which is being led by the Federal Reserve, could stifle lending, hurting small businesses and consumers. Big banks subsequently reduced overdraft fees and expanded Zelle fraud protections.
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By Pete Schroeder and Michelle Price WASHINGTON, Dec 6 (Reuters) - JPMorgan chief executive Jamie Dimon and other major banks warned lawmakers Wednesday that capital hikes and other new regulations being contemplated by U.S. bank regulators will hurt lending, capital markets and the broader economy. The industry has been waging a fierce campaign to kill the "Basel endgame" proposal, which overhauls how banks must calculate their loss-absorbing capital, and as regulators roll out fair lending and fee cap regulations, among other rules. Regulators say new rules, including capital hikes, are necessary to protect the banking system from unforeseen shocks, especially following the collapse of Silicon Valley Bank and two other lenders earlier this year.
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By Pete Schroeder and Michelle Price WASHINGTON, Dec 6 (Reuters) - JPMorgan chief executive Jamie Dimon and other major banks warned lawmakers Wednesday that capital hikes and other new regulations being contemplated by U.S. bank regulators will hurt lending, capital markets and the broader economy. The CEOs hope to use the hearing as an opportunity to try to convince key moderate Democratic senators that the rule, which is being led by the Federal Reserve, could stifle lending, hurting small businesses and consumers. Big banks subsequently reduced overdraft fees and expanded Zelle fraud protections.
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714618.0
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2023-12-06 00:00:00 UTC
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The Dow Jones Is Aiming at All-Time Highs, and These 2 Stocks Are Leading the Charge
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https://www.nasdaq.com/articles/the-dow-jones-is-aiming-at-all-time-highs-and-these-2-stocks-are-leading-the-charge
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The Dow Jones Industrial Average (DJINDICES: ^DJI) has been a lone wolf among major market benchmarks over the past couple of years. In 2022, the bear market ravaged the Nasdaq and S&P 500 for losses of 33% and 19%, respectively, but the Dow Jones was down a relatively modest 9% for the year.
Year to date in 2023, the tides have turned. The Dow Jones has been a relative underperformer, rising just 9% compared to 45% gains for the Nasdaq and 21% gains for the S&P 500. Yet because of its smaller 2022 losses, the Dow Jones was able to take advantage of November's rally and move within 2% of a fresh all-time record, compared to the other indexes remaining 4% to 5% below their highs.
A pair of stocks has been instrumental in driving markets toward record levels. Here's why shareholders are looking closely at Salesforce (NYSE: CRM) and Boeing (NYSE: BA) right now.
Salesforce: The best performer in the Dow Jones
Among the 30 stocks in the Dow Jones Industrials, Salesforce was the best performer over the past month, rising 21%. The customer relationship management software specialist has done an extremely good job in capitalizing on positive trends in technology, including artificial intelligence.
The biggest part of Salesforce's move higher came late in November, when the tech giant reported its fiscal third-quarter financial results for the period ended Oct. 31. Even in an environment in which growth has come under pressure from macroeconomic headwinds, Salesforce managed to post an 11% rise in revenue from year-ago levels to $8.72 billion. Adjusted earnings of $2.11 per share were up more than 50% year over year.
AI has given Salesforce an opportunity to expand the scope of its business, and CEO Marc Benioff hasn't hesitated to embrace it. As Benioff sees it, managing customer relationships effectively will increasingly require automated support, and the AI integrations that Salesforce has already achieved are just the tip of the iceberg as the software company looks to keep building on the strong foundation its platform provides.
Salesforce has the potential to keep rising as long as investors remain excited about AI and technology. With the tech-heavy Nasdaq performing so well, it's likely that Salesforce could play a key role in pushing the Dow to record levels if the rally continues.
Boeing has helped the Dow Jones fly higher
Also rising nearly 20% over the past month is Boeing. That might come as a surprise to many investors, given that many cyclical industrial stocks have lagged behind tech companies this year. Yet the move higher has brought Boeing close to its best levels since before the COVID-19 pandemic in early 2020.
The most evident success for Boeing during the month came at the Dubai Air Show in mid-November. There, the aircraft manufacturer announced some huge orders, crushing its archrival Airbus with new demand for nearly 300 aircraft. In particular, a massive $52 billion order from global airline Emirates for 90 of Boeing's 777 passenger jets gave Boeing a huge lift, and an $11 billion order of its 787 Dreamliner aircraft restored some confidence in a model that had given Boeing some trouble early in its production cycle.
More broadly, Boeing has been more hopeful that efforts to increase adoption of the 737 MAX aircraft could bear fruit. With rising order flow, the aircraft manufacturing giant has the opportunity to increase its cash flow and keep up the pace of its recovery from the pandemic.
Industrial powerhouses have always played a key role in driving the performance of the Dow Jones. If Boeing gets back to its winning ways, then its stock could be instrumental in helping bring the venerable market benchmark to an all-time high.
10 stocks we like better than Salesforce
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They just revealed what they believe are the ten best stocks for investors to buy right now... and Salesforce 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
Dan Caplinger has positions in Boeing. The Motley Fool has positions in and recommends Salesforce. 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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Yet because of its smaller 2022 losses, the Dow Jones was able to take advantage of November's rally and move within 2% of a fresh all-time record, compared to the other indexes remaining 4% to 5% below their highs. The biggest part of Salesforce's move higher came late in November, when the tech giant reported its fiscal third-quarter financial results for the period ended Oct. 31. As Benioff sees it, managing customer relationships effectively will increasingly require automated support, and the AI integrations that Salesforce has already achieved are just the tip of the iceberg as the software company looks to keep building on the strong foundation its platform provides.
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Salesforce: The best performer in the Dow Jones Among the 30 stocks in the Dow Jones Industrials, Salesforce was the best performer over the past month, rising 21%. Boeing has helped the Dow Jones fly higher Also rising nearly 20% over the past month is Boeing. With rising order flow, the aircraft manufacturing giant has the opportunity to increase its cash flow and keep up the pace of its recovery from the pandemic.
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Salesforce: The best performer in the Dow Jones Among the 30 stocks in the Dow Jones Industrials, Salesforce was the best performer over the past month, rising 21%. Boeing has helped the Dow Jones fly higher Also rising nearly 20% over the past month is Boeing. In particular, a massive $52 billion order from global airline Emirates for 90 of Boeing's 777 passenger jets gave Boeing a huge lift, and an $11 billion order of its 787 Dreamliner aircraft restored some confidence in a model that had given Boeing some trouble early in its production cycle.
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Salesforce: The best performer in the Dow Jones Among the 30 stocks in the Dow Jones Industrials, Salesforce was the best performer over the past month, rising 21%. Boeing has helped the Dow Jones fly higher Also rising nearly 20% over the past month is Boeing. * They just revealed what they believe are the ten best stocks for investors to buy right now... and Salesforce wasn't one of them!
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714619.0
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2023-12-06 00:00:00 UTC
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1 E-Commerce Stock to Choose Over Shopify Heading Into 2024
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https://www.nasdaq.com/articles/1-e-commerce-stock-to-choose-over-shopify-heading-into-2024
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As the world has become more digital and connected, e-commerce has exploded in growth. In 2000, U.S. retail e-commerce sales were just above $27 billion. In 2022, sales crossed the trillion-dollar mark.
One of the biggest beneficiaries of this growth in the earlier years is, unsurprisingly, Amazon (NASDAQ: AMZN). You could argue that it's largely to thank for it. However, Shopify (NYSE: SHOP) has emerged as a formidable force in the industry, easing access to e-commerce for smaller retailers. Its role in e-commerce shouldn't be undermined.
Despite Shopify's vital role in e-commerce because of its platform, I would lean toward Amazon heading into 2024 because it's in a position to leverage its logistics network to benefit from e-commerce growth from multiple angles, not just as a retailer.
The move to regional fulfillment networks
Amazon has always had a vast, intricate logistics and distribution network, but it hasn't always been the most efficient. One way that Amazon has addressed this is by switching its operations from a single national fulfillment network to eight self-sufficient regional ones: Northwest, Southwest, Texas, Great lakes, Southeast, Midwest, Mid-Atlantic, and Northeast.
This move was critical because logistics became increasingly complicated as Amazon's fulfillment centers (FCs) grew -- particularly in 2020 with pandemic-fueled demand. FCs served local and national orders, pushing the limits of the two-day shipping Amazon Prime built its reputation on. Here's how Amazon explained the problem and follow-up solution:
Imagine you had to deliver 10,000 products nationwide, quickly, to 100 distant locations, from 10 FCs across the country. You could have each FC dispatch 100 trucks, each carrying 10 items, to each of the locations. That's 1,000 long-haul trucks and a lot of rubber on the road -- clearly an unsustainable idea on all fronts.
Now imagine that you could partition the 100 customer locations into 10 regions of 10 locations apiece, with each region served by a dedicated FC. In this scenario, each region's FC can dispatch 10 trucks, each carrying 100 packages a piece. That would require just 100 trucks nationwide, driving much shorter distances.
Shopify can personally attest to how complicated the logistics business can be, having offloaded its logistics segment to Flexport after things didn't quite go as planned. This move to regional fulfillment networks should streamline Amazon's logistics and save resources and time.
Using logistics and distribution for the greater good
Shopify's business model is straightforward -- it makes money from subscriptions and merchants' services. Amazon's business has a lot more moving parts, from e-commerce to cloud services to advertising and more. Regarding e-commerce, Amazon has generally made money from Prime memberships, selling products, and third-party sellers on its marketplace.
Looking at the latter, Amazon is planning to take more advantage of its logistics network by offering Supply Chain by Amazon, an automated end-to-end set of supply chain services sellers can use. The service can pick up inventory from manufacturing facilities, store them in Amazon distribution centers (and keep track of inventory), fulfill customer orders, and ship products around the world.
Supply Chain by Amazon is a noticeable step up from its past offerings, offering a well-built-out ecosystem. According to Amazon, Supply Chain by Amazon can save sellers 51% on standard-size storage units during non-holiday times and 82% during the holiday season.
If the new supply chain service works like Amazon anticipates, that should give it another avenue to take advantage of broader e-commerce growth. It strengthens Amazon's value proposition to sellers and adds additional ways to make money from its logistics network that's already built out.
Don't let recent gains distract from long-term potential
Shopify's stock has outperformed Amazon's since its May 2015 initial public offering, but the past few years have shown just how volatile its stock can be. Amazon's stock hasn't been exempt from high volatility, but going forward, I trust it to be more stable than Spotify's in the long term.
SHOP data by YCharts.
Amazon has the technical expertise and physical logistics and distribution networks to benefit from e-commerce's growth more broadly. That should provide a more reliable foundation for growth over the long haul.
10 stocks we like better than Amazon
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 Amazon 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 November 29, 2023
John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Stefon Walters has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon and Shopify. 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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One way that Amazon has addressed this is by switching its operations from a single national fulfillment network to eight self-sufficient regional ones: Northwest, Southwest, Texas, Great lakes, Southeast, Midwest, Mid-Atlantic, and Northeast. Here's how Amazon explained the problem and follow-up solution: Imagine you had to deliver 10,000 products nationwide, quickly, to 100 distant locations, from 10 FCs across the country. Using logistics and distribution for the greater good Shopify's business model is straightforward -- it makes money from subscriptions and merchants' services.
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This move to regional fulfillment networks should streamline Amazon's logistics and save resources and time. Looking at the latter, Amazon is planning to take more advantage of its logistics network by offering Supply Chain by Amazon, an automated end-to-end set of supply chain services sellers can use. The service can pick up inventory from manufacturing facilities, store them in Amazon distribution centers (and keep track of inventory), fulfill customer orders, and ship products around the world.
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Despite Shopify's vital role in e-commerce because of its platform, I would lean toward Amazon heading into 2024 because it's in a position to leverage its logistics network to benefit from e-commerce growth from multiple angles, not just as a retailer. The move to regional fulfillment networks Amazon has always had a vast, intricate logistics and distribution network, but it hasn't always been the most efficient. Looking at the latter, Amazon is planning to take more advantage of its logistics network by offering Supply Chain by Amazon, an automated end-to-end set of supply chain services sellers can use.
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Despite Shopify's vital role in e-commerce because of its platform, I would lean toward Amazon heading into 2024 because it's in a position to leverage its logistics network to benefit from e-commerce growth from multiple angles, not just as a retailer. The move to regional fulfillment networks Amazon has always had a vast, intricate logistics and distribution network, but it hasn't always been the most efficient. Now imagine that you could partition the 100 customer locations into 10 regions of 10 locations apiece, with each region served by a dedicated FC.
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714620.0
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2023-12-06 00:00:00 UTC
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ANALYSIS-US airlines' plans for growth constrained by antitrust concerns
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https://www.nasdaq.com/articles/analysis-us-airlines-plans-for-growth-constrained-by-antitrust-concerns
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By Rajesh Kumar Singh
CHICAGO, Dec 6 (Reuters) - Shortages of new planes, jet engines and pilots have left U.S. airlines with little choice but to pursue growth through acquisitions - which then puts them in the crosshairs of anti-trust regulators.
Alaska Airlines ALK.N surprised analysts and industry officials with its plan to buy Hawaiian AirlinesHA.O for $1.9 billion even before a judge rules on the U.S. Department of Justice's (DOJ) lawsuit aimed at blocking JetBlue's JBLU.O proposed merger with Spirit Airlines SAVE.N.
But supply and labor constraints are so onerous that airlines like Alaska will likely keep chasing deals despite the Biden administration's aversion to more consolidation. Currently, American Airlines AAL.O, United, Delta and Southwest Airlines LUV.N control 80% of the domestic market, leaving little room for growth.
The deal will provide Alaska - primarily a domestic carrier that flies narrowbody planes - Hawaiian's widebody jets, pilots and international networks, opening a runway for growth in long-haul international markets.
In an interview, Alaska CEO Ben Minicucci said it was the right time to do the deal, which he described as "a great investment, a great step change" for the company.
Alaska told analysts on Sunday that pursuing long-haul international flying on its own would be much more expensive and much more difficult.
Courtney Miller, a consultant who advocated for the merger between the two airlines back in 2019, said Alaska would probably have to invest around the same amount it is paying for Hawaiian to launch its own smaller international operation.
Getting into long-haul international flying by using Hawaiian's fleet of wide-body jets and international networks is a better option, he said.
With both Boeing BA.N and Airbus AIR.PA facing supply-chain problems, the deal allows Alaska to avoid a prolonged wait for new planes. It also reduces the need to hire and train pilots during an industry-wide staffing crunch and saves the company from fighting for slots at international airports.
"The risk is much lower," said Miller, who now runs consultancy firm Visual Approach Analytics.
Mergers and acquisitions create economies of scale that helps offset soaring operating costs. Alaska, however, will be challenged on this front as it integrates Hawaiian's fleet, said Schonland.
While the Seattle-based airline flies Boeing's 737 planes, Hawaiian's fleet has a number of Airbus jets, so a combined company would have to rely on different parts and mechanics for repairs. Minicucci said while the combined company will continue to operate a mixed fleet for now, he did not rule out reviewing the plane mix.
Legacy airlines like Delta DAL.N and United UAL.O have been able to mitigate inflationary pressures due to strong bookings for flights to Europe and Asia. But softening domestic travel demand has hurt earnings of domestic carriers including Alaska.
Similar growth concerns prompted JetBlue to launch a hostile bid for Spirit last year to try to expand JetBlue's domestic footprint and help it capitalize on the surge in leisure travel between the U.S. East Coast and the Caribbean.
The deals, however, face challenges in convincing anti-trust regulators that they are pro-competition and pro-consumer.
Former Federal Trade Commission Chairman William Kovacic, who now teaches at George Washington University law school, said the DOJ is likely to look at Alaska's transaction carefully.
"They approach airlines with a view that merger policy has been too permissive and allowed excessive concentration," he said.
(Reporting by Rajesh Kumar Singh, Editing by Nick Zieminski)
((rajeshkumar.singh@thomsonreuters.com; +1-313-484-5370; Reuters Messaging: rajeshkumar.singh.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Rajesh Kumar Singh CHICAGO, Dec 6 (Reuters) - Shortages of new planes, jet engines and pilots have left U.S. airlines with little choice but to pursue growth through acquisitions - which then puts them in the crosshairs of anti-trust regulators. Courtney Miller, a consultant who advocated for the merger between the two airlines back in 2019, said Alaska would probably have to invest around the same amount it is paying for Hawaiian to launch its own smaller international operation. While the Seattle-based airline flies Boeing's 737 planes, Hawaiian's fleet has a number of Airbus jets, so a combined company would have to rely on different parts and mechanics for repairs.
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The deal will provide Alaska - primarily a domestic carrier that flies narrowbody planes - Hawaiian's widebody jets, pilots and international networks, opening a runway for growth in long-haul international markets. Getting into long-haul international flying by using Hawaiian's fleet of wide-body jets and international networks is a better option, he said. While the Seattle-based airline flies Boeing's 737 planes, Hawaiian's fleet has a number of Airbus jets, so a combined company would have to rely on different parts and mechanics for repairs.
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Alaska Airlines ALK.N surprised analysts and industry officials with its plan to buy Hawaiian AirlinesHA.O for $1.9 billion even before a judge rules on the U.S. Department of Justice's (DOJ) lawsuit aimed at blocking JetBlue's JBLU.O proposed merger with Spirit Airlines SAVE.N. The deal will provide Alaska - primarily a domestic carrier that flies narrowbody planes - Hawaiian's widebody jets, pilots and international networks, opening a runway for growth in long-haul international markets. Courtney Miller, a consultant who advocated for the merger between the two airlines back in 2019, said Alaska would probably have to invest around the same amount it is paying for Hawaiian to launch its own smaller international operation.
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The deal will provide Alaska - primarily a domestic carrier that flies narrowbody planes - Hawaiian's widebody jets, pilots and international networks, opening a runway for growth in long-haul international markets. Getting into long-haul international flying by using Hawaiian's fleet of wide-body jets and international networks is a better option, he said. While the Seattle-based airline flies Boeing's 737 planes, Hawaiian's fleet has a number of Airbus jets, so a combined company would have to rely on different parts and mechanics for repairs.
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2023-12-06 00:00:00 UTC
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Why MarketAxess Holdings Rocketed Higher Again Today
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While it's early days, this seems to be an ideal week to own shares of bond trading platform operator MarketAxess Holdings (NASDAQ: MKTX). After the previous day's 5%-plus pop, the stock rose an additional 4% on Tuesday; by contrast on the latter day, the S&P 500 index dipped by 0.4%. Much of Tuesday's rise was due to an analyst move.
Citi raised its MarketAxess price target
Well before the market open on Tuesday, Citigroup's Chris Allen raised his price target on MarketAxess stock. Allen now feels that it is worth $300 per share, up from the previous level of $270. As the new target sits nearly 15% above the current market price, the prognosticator has maintained his buy recommendation.
It wasn't immediately clear why Allen elected to crank his MarketAxess price target higher. However, it hardly seems coincidental that the move came a day after the company published its regular monthly metrics release.
This showed notable growth in a host of key indicators across November, not least of which was total credit average daily trading volume (ADV); this ballooned by 9% on a year-over-year basis. Other indicators rose at double-digit rates.
Busy bonds
There has been lively trading in bonds lately because inflation data has been lower than expected. This raises the possibility of a hard brake on the Fed's recent series of interest rate hikes. In fact, it might even presage rate cuts if inflation continues to cool.
Likely in anticipation of lower rates, some investors are buying into current debt securities like bonds to lock in the higher payouts. This bump in trading benefits MarketAxess.
10 stocks we like better than MarketAxess
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They just revealed what they believe are the ten best stocks for investors to buy right now... and MarketAxess 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
Citigroup is an advertising partner of The Ascent, a Motley Fool company. Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends MarketAxess. 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 it's early days, this seems to be an ideal week to own shares of bond trading platform operator MarketAxess Holdings (NASDAQ: MKTX). This showed notable growth in a host of key indicators across November, not least of which was total credit average daily trading volume (ADV); this ballooned by 9% on a year-over-year basis. Likely in anticipation of lower rates, some investors are buying into current debt securities like bonds to lock in the higher payouts.
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Citi raised its MarketAxess price target Well before the market open on Tuesday, Citigroup's Chris Allen raised his price target on MarketAxess stock. It wasn't immediately clear why Allen elected to crank his MarketAxess price target higher. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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Citi raised its MarketAxess price target Well before the market open on Tuesday, Citigroup's Chris Allen raised his price target on MarketAxess stock. 10 stocks we like better than MarketAxess When our analyst team has a stock tip, it can pay to listen. See the 10 stocks *Stock Advisor returns as of December 4, 2023 Citigroup is an advertising partner of The Ascent, a Motley Fool company.
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After the previous day's 5%-plus pop, the stock rose an additional 4% on Tuesday; by contrast on the latter day, the S&P 500 index dipped by 0.4%. That's right -- they think these 10 stocks are even better buys. The Motley Fool has positions in and recommends MarketAxess.
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714622.0
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2023-12-06 00:00:00 UTC
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Crown Castle (CCI) Registers a Bigger Fall Than the Market: Important Facts to Note
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https://www.nasdaq.com/articles/crown-castle-cci-registers-a-bigger-fall-than-the-market%3A-important-facts-to-note
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In the latest trading session, Crown Castle (CCI) closed at $117.09, marking a -0.73% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.39%. At the same time, the Dow lost 0.19%, and the tech-heavy Nasdaq lost 0.59%.
Prior to today's trading, shares of the operator of wireless communications towers had gained 22.15% over the past month. This has outpaced the Finance sector's gain of 5.92% and the S&P 500's gain of 5.08% in that time.
The investment community will be closely monitoring the performance of Crown Castle in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $1.78, reflecting a 3.78% decrease from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $1.65 billion, reflecting a 6.54% fall from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $7.51 per share and revenue of $6.96 billion, indicating changes of +1.76% and -0.43%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Crown Castle should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. As of now, Crown Castle holds a Zacks Rank of #3 (Hold).
In the context of valuation, Crown Castle is at present trading with a Forward P/E ratio of 15.7. Its industry sports an average Forward P/E of 10.91, so one might conclude that Crown Castle is trading at a premium comparatively.
One should further note that CCI currently holds a PEG ratio of 2.75. 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. REIT and Equity Trust - Other stocks are, on average, holding a PEG ratio of 2.24 based on yesterday's closing prices.
The REIT and Equity Trust - Other industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 151, which puts it in the bottom 41% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow CCI in the coming trading sessions, be sure to utilize Zacks.com.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right Now >>
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Crown Castle Inc. (CCI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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At the same time, our most recent consensus estimate is projecting a revenue of $1.65 billion, reflecting a 6.54% fall from the equivalent quarter last year. REIT and Equity Trust - Other stocks are, on average, holding a PEG ratio of 2.24 based on yesterday's closing prices. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys."
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In the latest trading session, Crown Castle (CCI) closed at $117.09, marking a -0.73% move from the previous day. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $7.51 per share and revenue of $6.96 billion, indicating changes of +1.76% and -0.43%, respectively, compared to the previous year. Click to get this free report Crown Castle Inc. (CCI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. This industry currently has a Zacks Industry Rank of 151, which puts it in the bottom 41% of all 250+ industries. The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups.
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In the latest trading session, Crown Castle (CCI) closed at $117.09, marking a -0.73% move from the previous day. This industry currently has a Zacks Industry Rank of 151, which puts it in the bottom 41% of all 250+ industries. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research?
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714623.0
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2023-12-06 00:00:00 UTC
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READ: ETF of the Week: Know What’s Under The Hood
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https://www.nasdaq.com/articles/read%3A-etf-of-the-week%3A-know-whats-under-the-hood
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VettaFi's Head of Research Todd Rosenbluth joins Chuck Jaffe to discuss what investors should consider when evaluating ETFs and what’s in favor in the current environment on this special episode of ETF of the Week. This was originally featured on a segment “Money Life” with Chuck Jaffe.
ETF of the Week: Know What's Under The Hood
Chuck Jaffe: Hi, it's Chuck Jaffe, host of the ETF of the Week. I also have my own weekday podcast called Money Life. On the December 5 edition of my show, I was joined by Todd Rosenbluth, head of research at VettaFi. We talked about investments in a segment called The Money Life Market Call. It's all about ETFs, and we know you want to hear what VettaFi is thinking on that subject. Here is that interview with Todd as a bonus episode of the ETF of the Week. Enjoy.
Todd Rosenbluth, head of research at VettaFi, is here. We're talking exchange traded funds now in the Money Life Market Call. Welcome to the Market Call, the part of the show where we talk with experienced money managers about how they do their job, what they look for that determines their buys themselves, what they see happening broadly on the market, and how they put it all together.
My guest today is Todd Rosenbluth. He is the head of research at VettaFi. Now, of course, you listen to Money Life. You know VettaFi. Well, that's where Tom Lydon comes from. He, of course, does the ETF of the Week with us. But we say each week when we're talking with Tom Lydon that VettaFi has this great suite of tools. They have research and data that are available for you so that you can be a better investor in exchange traded funds.
Well, Tom helps to run the company, but Todd is the head of research. So he's the guy behind a lot of that research, which you can check out for yourself at VettaFi.com. Todd Rosenbluth is also, like me, a proud graduate of the University of Michigan. Todd, go blue. Great to have you back on Money Life.
Todd Rosenbluth: Exciting to be here.
Chuck Jaffe: So we always start with methodology. And you've got a methodology that, quite honestly ... you have a long career. We've talked to you in previous jobs when you were working with CFRA research, S&P Global Market Intelligence, and all the others, and at VettaFi. I think you've tried to distill it all and make it the best you can. So explain what it is that you are using to say, "These funds stand out to me. These funds, not so much."
Todd Rosenbluth: So as listeners may know, because I've been a guest when I worked at S&P and at CFRA, heading up research, I have a big belief in looking at what's inside the portfolio, taking a more forward-looking approach, and I've carried that on with us at VettaFi. So we don't have research set as a buy-and-hold or sell recommendation on individual ETFs like I did in the past.
But we're following what investors and advisors are telling us about their sentiment profile and what's going on in the marketplace. We're offering investment ideas to give them a range of choices as to how they might want to tackle what is top of mind to them. And we cover 3,000-plus ETFs, because that's how many that are trading.
It helps us to be able to see the forest and the trees. So, really excited to be here, and happy to talk to you about what we're seeing in the market, what advisors and investors are telling us, and then how perhaps people can take advantage of that.
Chuck Jaffe: Well, and let's just focus in on the idea that when you are looking at holdings, it's a mix of, like, how well are the holdings doing, but also how are they put together. In other words, if you have a portfolio where somebody is holding a lot of high-risk stocks versus something where somebody is trying to be super safe, you may say, oh, "Well, this one's likely to return more."
But oh, by the way, are you willing to take the risk? Right. It's a combination of holdings and how they are amalgamated in each fund, right?
Todd Rosenbluth: Correct. So I'm not advocating for or against the S&P 500 through an ETF like the SPDR S&P 500 ETF Trust (SPY) or the Invesco S&P 500 Equal Weight ETF (RSP). But those hold the exact same companies. Just the weightings within those portfolios are notably different, of course. So Apple and Microsoft are sizable positions within SPY and they're 20 basis points, less than 1% of the portfolio in RSP.
And so smaller companies in the S&P 500 take a bigger weighting. So you can't just have a view that you think the market is going to go up or the S&P is going to go up. It's, how is it constructed, and then which one is right for you.
Chuck Jaffe: So then how do you deal with market fluctuations? Because at any given time, like we've had this year, a market driven by seven stocks. So obviously when you have, a broad market that has just a few people participating in the rally, that's going to favor the one that is market cap weighted -- the SPY as opposed to the equal-weighted, but market conditions change.
So how frequently does the analysis change? You know, how often do you go from like, "We may like both of them, but this is a time for this one and this is the time for that one."
Todd Rosenbluth: So we are regularly seeing what's going on in the marketplace. I don't think investors want to be tactical and make changes from one ETF to another daily or weekly, but we're having notable shifts in the marketplace. The Federal Reserve has been raising interest rates throughout 2023. They likely have paused and have stopped doing so.
And expectations heading into 2024 and in 2024 are that there will be rate cuts. And so, for example, we at VettaFi recently hosted a symposium. I think Tom most probably talked about it when we asked investors what their views are on the marketplace and how they're willing to take on risk. And we saw this was just this week.
The majority of people who responded are willing to take on more interest rate risk heading into 2024; they're willing to go further out into intermediate-term or long-term products. Two-thirds of the audience that we spoke to plan to take on more risk as opposed to less risk. It was more split from an interest rate perspective. It was more split between willing to take on credit risk. People still are hesitant to do so.
So we are now advocating, and we did, we recently wrote an article saying let's take a look at some of these intermediate-term bond ETFs. And I just changed subjects from equities to fixed income for the listeners. But let's take a look at some of these intermediate-term bond products from some of the firms that offer popular short-term products and here's what you get.
Here's the reward potential. Here is the opportunity that's happening. And happy to name some of those examples for you and the listeners. But that's important that we're heading into a new year, a new regime.
Chuck Jaffe: It absolutely is. So I can understand how that all plays out. So now let's take a look and go, what are the areas of the market that you particularly like right now or that the research is telling you you like or that the advisors and others are telling you they like? And what are the types of funds best-suited to use in that spot?
Todd Rosenbluth: Let me just use that as the example of what I just had within fixed income. So we've seen strong interest in the ultra-short bond ETFs in the 2023. BIL, which is as low risk as you can get. It's 0 to 3 month or 1 to 3 month Treasury bills. It's taken in a tremendous amount of money. We are encouraging folks who want to stay within the same fund family to look at something like the SPDR Portfolio Intermediate Term Treasury ETF (SPTI).
So you take on a little bit more interest rate risk. You're still getting paid a nice, handsome yield of close to 5% and it's just 0.03 basis points in fees. Or if you want a more active approach, there's the PIMCO Active Bond ETF (BOND), which, again, has a 5% yield duration, so slightly higher right now than than that index-based SPDR product..
For people who own the PIMCO Enhanced Short Maturity Active ETF (MINT), BOND could be a good alternative for them. So within the fixed income space, we think investors want to take on more risk and those are an index - and an active-based product for them to consider.
Chuck Jaffe: What about on the equity side of things?
Todd Rosenbluth: So we've seen a really strong year, almost 20% growth in the S&P 500, and growth stocks in particular have done even better. Technology stocks have done really well. We're still bullish. We think there's still room for growth within our upside potential, but we could see more value-oriented strategies or value-tilted strategies do better. So the Vanguard Value ETF (VTV) is a tilt toward value that we think could resonate again in 2024.
Given that the Fed is likely to start cutting interest rates and so more higher dividend-yielding areas of the marketplace that tend to be favored in the value area could do better in 2024. Certainly, they couldn't. It's hard to do much worse than they did in 2023 because growth was in favor. So a reversion to the mean could happen.
Interest rates falling could be a positive for them as well. So lots of lots of positivity happening in a shifting environment, we think.
Chuck Jaffe: What about international versus domestic? Are you tilting one way or the other? Is this a time, given everything that's going on, to be looking to diversify more fully?
Todd Rosenbluth: I think at the beginning of the new year, investors should reallocate their portfolios. I didn't pull the analysis up in front of me, but I believe that the U.S. SPY has outperformed the broader developed international markets. I will try to go on to ETFdb.com. Sorry for that shameless plug to see if I'm correct on that, but it's important to just rebalance your portfolio at the beginning of the year.
If we have, as I think is correct, yes, SPY is beating EFA by seven 800 basis points this year. So you might want to reallocate into international to stay diversified. The iShares MSCI EAFE ETF (EFA) is perhaps the most one of the most widely used of those products and is low cost, so that might be a good go-to for folks.
So just make sure you're diversified. You never know what's going to happen in the new year, and you want to make sure you're providing yourself with with a balanced portfolio.
Chuck Jaffe: Well, now we're going to get your quick and dirty take on some ETFs that my audience is particularly interested in. Quick and dirty. This is the most exciting thing to ever happen in the history of history.
Well, I'm not sure it's quite that exciting, but it's great to get the take of Todd Rosenbluth, head of research at VettaFi on some ETFs. A wide range of them that you guys are interested in, and you can put any of our guests to the challenge. All you need to do is send your name, your hometown, and the ticker symbols you're interested in for ETFs, traditional mutual funds, closed-end funds, or of course, stocks.
Send that to me at Chuck Money Live Showdown.com we'll add it to our list. Hope it makes it into an interview soon. We start today with a request from Tom in Smithfield, Kentucky. He wants to know about the Fidelity Blue Chip Growth ETF (FBCG).
Todd Rosenbluth: I like that this was chosen. I mentioned I think that value's got a chance to do better relative than it has beforehand but a high-quality growth strategy, one that's actively managed like FBCG, is a good way of going. You're getting a well-established manager, but now you're getting the benefits of an ETF structure, tax efficiency, and lower cost.
So if you want to stay in growth, I think an active approach like this Fidelity product is a good one.
Chuck Jaffe: Oh yeah, beautiful. We could make a fortune. That was a buy on FBCG. Our next request comes from Rick in York, Pennsylvania. He wants to know about the ALPS Sector Dividend Dogs ETF (SDOG).
Todd Rosenbluth: So I'm glad we picked this one. What an amazing ticker. Even if you don't have a pet at home like I do, SDOG is just a memorable ticker. This is the highest-yielding stocks within each of the sectors of the broader market; there are 10 of them. So it's a version of the Dogs of the Dow that many of us grew up with, just in ETF form and more sector diversified.
And so if you want to get income, we think income is going to be important in 2024 for a nice diversified approach like SDOG in an index form is a good way of doing it. So yeah, I can't wait to hear if you're going to be barking in favorable tones next.
Chuck Jaffe: Yeah, you could say that SDOG just said hi there. That was a buy on the SDOG. Javier in Wilmington, North Carolina wants to know about the Amplify CWP Enhanced Dividend Income ETF (DIVO).
Todd Rosenbluth: DIVO is a twist on, well, this was different than the one we talked about for a couple of reasons. One is that there's active management picking those stocks as opposed to just being an index-based approach. And then there are covered calls that are used on top of this to generate enhanced income.
And that's going to provide some additional downside protection that's going to give you additional income in an income-oriented marketplace. DIVOs a good ETF.
Chuck Jaffe: Well, by the way, I like calling it Devo, but I wanted to make it clear it's not Devo like the band, right? It's, you know, that's Devo. This is Devo. So, you know, because we are not men, we are Devo. We need to make sure that we are actually making sure that everybody knows which fund we're talking about.
That's a buy on DIVO. Richard in Chula Vista, California wants to know about the iShares Floating Rate Bond ETF (FLOT).
Todd Rosenbluth: So I probably showed my hand a bit by saying advisors and investors are expecting that the Fed is going to cut interest rates and are willing to take on a bit more interest rate risk. The benefit of FLOT is that you don't take on interest rate risk. You're protected against rising interest rates, but you don't benefit when rates are falling.
So I think there are better alternatives in the fixed income space and a floating rate product is a good product is not the right time for it in 2024.
Chuck Jaffe: So while we sometimes say, you know, good company, bad stock, this is a good fund, not the right time, other alternatives which we talked about, Spotify, BOND, etc., but FLOT was a sell.
We finish with a request from Tom in San Francisco. And we're going places we haven't gone yet in this discussion. Because he wants to know about the abrdn Bloomberg All Commodity Strategy K-1 Free ETF (BCI).
Todd Rosenbluth: Yeah, I like that we're adding commodities into the conversation. However, we touched on the benefits of diversification through international investment. There are the benefits of diversification through commodities as well. And we certainly saw in 2022 that having something other than stocks and bonds in your portfolio was rewarding. That could very well be the case in 2024. I like that this is diversified across various commodities.
This isn't just a focus on gold or energy. You get those as well as a whole range of agricultural products too. So we don't want to get in the weeds here. But you don't have to worry about K-1 from a tax standpoint with this ETF. It's just a simpler way of getting commodity exposure through BCI.
Chuck Jaffe: Yeah, it sure is. We don't want to get in the tax weeds. But understand, anybody who's ever done anything commodities can generate a K-1. It's just extra tax paperwork that just kind of makes you hurt. That's really what we're talking about. But no pain here because BCI avoids the K-1.
That was a buy. We have to step aside because we've come to the end of our time. But Todd, always great to chat with you. Thanks so much for taking the time. We'll do it again in 2024.
Todd Rosenbluth: Sounds good. Thank you. Go Blue.
Chuck Jaffe: That's Todd Rosenbluth, a proud Michigan grad and the head of research at VettaFi. Learn more at VettaFi.com, and on Twitter @Vetta_Fi. Todd is on Twitter or X at @ToddRosenbluth.
For more news, information, and analysis, visit VettaFi | ETF Trends.
Read more on ETFTrends.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Todd Rosenbluth: So as listeners may know, because I've been a guest when I worked at S&P and at CFRA, heading up research, I have a big belief in looking at what's inside the portfolio, taking a more forward-looking approach, and I've carried that on with us at VettaFi. I don't think investors want to be tactical and make changes from one ETF to another daily or weekly, but we're having notable shifts in the marketplace. We are encouraging folks who want to stay within the same fund family to look at something like the SPDR Portfolio Intermediate Term Treasury ETF (SPTI).
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VettaFi's Head of Research Todd Rosenbluth joins Chuck Jaffe to discuss what investors should consider when evaluating ETFs and what’s in favor in the current environment on this special episode of ETF of the Week. We're talking exchange traded funds now in the Money Life Market Call. Richard in Chula Vista, California wants to know about the iShares Floating Rate Bond ETF (FLOT).
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VettaFi's Head of Research Todd Rosenbluth joins Chuck Jaffe to discuss what investors should consider when evaluating ETFs and what’s in favor in the current environment on this special episode of ETF of the Week. ETF of the Week: Know What's Under The Hood Chuck Jaffe: Hi, it's Chuck Jaffe, host of the ETF of the Week. Or if you want a more active approach, there's the PIMCO Active Bond ETF (BOND), which, again, has a 5% yield duration, so slightly higher right now than than that index-based SPDR product.. For people who own the PIMCO Enhanced Short Maturity Active ETF (MINT), BOND could be a good alternative for them.
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Todd Rosenbluth, head of research at VettaFi, is here. Well, I'm not sure it's quite that exciting, but it's great to get the take of Todd Rosenbluth, head of research at VettaFi on some ETFs. Chuck Jaffe: So while we sometimes say, you know, good company, bad stock, this is a good fund, not the right time, other alternatives which we talked about, Spotify, BOND, etc., but FLOT was a sell.
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2023-12-06 00:00:00 UTC
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Validea's Top Financial Stocks Based On Peter Lynch - 12/6/2023
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https://www.nasdaq.com/articles/valideas-top-financial-stocks-based-on-peter-lynch-12-6-2023
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The following are the top rated Financial stocks according to Validea's P/E/Growth Investor model based on the published strategy of Peter Lynch. This strategy looks for stocks trading at a reasonable price relative to earnings growth that also possess strong balance sheets.
ITAU UNIBANCO HOLDING SA (ADR) (ITUB) is a large-cap value stock in the Money Center Banks industry. The rating according to our strategy based on Peter Lynch is 94% 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: Itau Unibanco Holding S.A. is a holding company. The Company provides a range of financial products and services to individual and corporate clients in Brazil and abroad. The Company operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. The Retail Banking segment offers banking products and services to a diversified client base of account holders and non-account holders, individuals and companies. The Wholesale Banking segment offers products and services to middle-market companies, high-net worth clients (Private Banking) and institutional clients. The Company's Activities with the Market + Corporation segment mainly manages the financial results associated with capital surplus, subordinated debt, and net debt of tax credits and debits. The Company provides banking activities, through its commercial, investment, real estate loan, finance and investment credit, and lease portfolios, including foreign exchange operations.
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.
SALES: PASS
YIELD COMPARED TO THE S&P 500: PASS
YIELD ADJUSTED P/E/GROWTH (PEG) RATIO: PASS
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: PASS
FREE CASH FLOW: BONUS PASS
NET CASH POSITION: NEUTRAL
Detailed Analysis of ITAU UNIBANCO HOLDING SA (ADR)
ITUB Guru Analysis
ITUB Fundamental Analysis
BAIN CAPITAL SPECIALTY FINANCE INC (BCSF) is a small-cap value stock in the Investment Services industry. The rating according to our strategy based on Peter Lynch is 93% 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: Bain Capital Specialty Finance, Inc. is an externally managed specialty finance company focused on lending to middle market companies. The Company is focused on generating income and to a lesser extent, capital appreciation through direct originations of secured debt, including first lien, first lien/last-out, unitranche and second lien debt, investments in strategic joint ventures, equity investments and, to a lesser extent, corporate bonds. Its primary focus is capitalizing on opportunities within Bain Capital Credit's Senior Direct Lending Strategy. It is focused on providing risk-adjusted returns and income to its stockholders by investing primarily in middle-market companies with between 10 million dollars and 150 million dollars in earnings before interest, taxes, depreciation and amortization (EBITDA). The Company may also invest in mezzanine debt and other junior securities and in secondary purchases of assets or portfolios. It is externally managed by BCSF Advisors, LP.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: NEUTRAL
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of BAIN CAPITAL SPECIALTY FINANCE INC
BCSF Guru Analysis
BCSF Fundamental Analysis
KB FINANCIAL GROUP, INC. (ADR) (KB) is a large-cap value stock in the Money Center Banks industry. The rating according to our strategy based on Peter Lynch is 83% 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: KB Financial Group Inc is a Korean-based company principally engaged in the financial business. The Company operates its business through six segments. The Banking segment consists of retail banking services provided by Kookmin Bank. This segment is engaged in the lending and receiving of large corporations, small and medium-sized businesses, SOHO and household customers, the investment of securities and derivatives, and financing, among others. The Credit Card segment operates credit sales, cash advances and card loans, among others. The Non-life Insurance segment is engaged in the non-life insurance. The Securities segment is engaged in the trading, consignment, and acquisition of securities. The Life Insurance segment is engaged in the life insurance. The other segment is engaged in the maintenance of computer-related equipment and systems, the investigation of credit and the collection of debt, among others.
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.
SALES: PASS
YIELD COMPARED TO THE S&P 500: PASS
YIELD ADJUSTED P/E/GROWTH (PEG) RATIO: PASS
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of KB FINANCIAL GROUP, INC. (ADR)
KB Guru Analysis
KB Fundamental Analysis
AXA SA (ADR) (AXAHY) is a large-cap value stock in the Insurance (Life) industry. The rating according to our strategy based on Peter Lynch is 83% 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: AXA SA (AXA) is a France-based holding company engaged in the business of financial protection. AXA offers a broad range of products through business segments: Life & Savings, Property & Casualty, Health, Asset Management, and Banking. Its offering covers motor, household, property and general liability insurance, banking, savings vehicles, and other investment-based products for both Personal/Individual and Commercial/Group customers, as well as health, protection, and retirement products for individual or professional customers. AXA operates in seven geographical segments: France, Europe, Asia, AXA XL, the United States, International and Transversal & Central Holdings. AXA SA is the holding company of AXA Group.
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.
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: PASS
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of AXA SA (ADR)
AXAHY Guru Analysis
AXAHY Fundamental Analysis
NAVIENT CORP (NAVI) is a mid-cap value stock in the Consumer Financial Services industry. The rating according to our strategy based on Peter Lynch is 83% 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: Navient Corporation provides technology-enabled education finance and business processing solutions. Its customer-focused, data-driven services deliver results for clients in education, health care and government. Its segments include Federal Education Loans, Consumer Lending and Business Processing. In the Federal Education Loans segment, it owns Federal Family Education Loan Program loans and performs servicing on this portfolio. In the Consumer Lending segment, it owns originates and services in-school and refinance Private Education Loans. In the Business Processing segment, it provides business processing solutions, such as omnichannel contact center services, workflow processing, and revenue cycle optimization. It offers its solutions to federal agencies, state governments, tolling and parking authorities, and other public sector clients. Its clients include hospitals, hospital systems, medical centers, physician groups, other healthcare providers and public health departments.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of NAVIENT CORP
NAVI Guru Analysis
NAVI Fundamental Analysis
Peter Lynch Portfolio
Top Peter Lynch Stocks
About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Lynch's common sense approach and quick wit made him one of the most quoted investors on Wall Street. ("Go for a business that any idiot can run -- because sooner or later, any idiot probably is going to run it," is one of his many pearls of wisdom.) Lynch's bestseller One Up on Wall Street is something of a "stocks for the everyman/everywoman", breaking his approach down into easy-to-understand concepts.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This segment is engaged in the lending and receiving of large corporations, small and medium-sized businesses, SOHO and household customers, the investment of securities and derivatives, and financing, among others. AXA offers a broad range of products through business segments: Life & Savings, Property & Casualty, Health, Asset Management, and Banking. 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 BAIN CAPITAL SPECIALTY FINANCE INC BCSF Guru Analysis BCSF Fundamental Analysis KB FINANCIAL GROUP, INC. (ADR) (KB) is a large-cap value stock in the Money Center Banks industry. Detailed Analysis of KB FINANCIAL GROUP, INC. (ADR) KB Guru Analysis KB Fundamental Analysis AXA SA (ADR) (AXAHY) is a large-cap value stock in the Insurance (Life) industry. Detailed Analysis of NAVIENT CORP NAVI Guru Analysis NAVI Fundamental Analysis Peter Lynch Portfolio Top Peter Lynch Stocks About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time.
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Detailed Analysis of ITAU UNIBANCO HOLDING SA (ADR) ITUB Guru Analysis ITUB Fundamental Analysis BAIN CAPITAL SPECIALTY FINANCE INC (BCSF) is a small-cap value stock in the Investment Services industry. Detailed Analysis of BAIN CAPITAL SPECIALTY FINANCE INC BCSF Guru Analysis BCSF Fundamental Analysis KB FINANCIAL GROUP, INC. (ADR) (KB) is a large-cap value stock in the Money Center Banks industry. Detailed Analysis of NAVIENT CORP NAVI Guru Analysis NAVI Fundamental Analysis Peter Lynch Portfolio Top Peter Lynch Stocks About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time.
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The following are the top rated Financial stocks according to Validea's P/E/Growth Investor model based on the published strategy of Peter Lynch. Company Description: Bain Capital Specialty Finance, Inc. is an externally managed specialty finance company focused on lending to middle market companies. The Company operates its business through six segments.
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714625.0
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2023-12-06 00:00:00 UTC
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Manulife's (MFC) Unit Inks Partnership With StepStone & Scannell
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https://www.nasdaq.com/articles/manulifes-mfc-unit-inks-partnership-with-stepstone-scannell
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Manulife Financial Corporation’s MFC Manulife Investment Management, a leading global wealth and asset management brand, recently entered into a $1.2 billion partnership with Scannell Properties and StepStone Real Estate. Scannell’s expertise in developing industrial properties and StepStone’s contribution bode well for Manulife’s investment arm. Manulife will recapitalize 35 freshly constructed Class A industrial portfolios in 17 markets in the United States, spanning 10.4 million square feet.
The recapitalization of the Manulife Investment Management portfolio should aid the company in adjusting to the on-the-ground realities of the real estate market. It aims to leverage the rising and robust demand for logistics on a long-term basis. It believes that it can capitalize on this opportunity as industrial sector fundamentals remain strong.
The company expects to work with its partners to complete the construction, lease up the remaining vacancies and implement strategies of finance and disposition after stabilization. StepStone and Scannell are expected to aid Manulife in achieving its investment objectives, thereby benefiting the results of MFC’s global wealth and asset management arm in the future.
Manulife’s real estate portfolio contributed two-thirds of the total underperformance of returns in the past five quarters. This partnership is expected to improve its investment returns in the future. Rising interest rates contributed majorly to lower current returns, but the company is confident of achieving higher returns going forward, due to higher cap rates.
Manulife is consistently expanding its Wealth and Asset Management business around the world, which has been driving its core earnings growth. The company expects the core EBITDA margin to be near 30% for this segment. Positive flows and consistent net income should drive its margins in the future. Manulife Investment Management continues to differentiate its services from its peers by finding solutions and creating value for clients in challenging surroundings.
Zacks Rank & Price Performance
Manulife currently carries a Zacks Rank #3 (Hold). Shares of the company have gained 7% in the past three months, outperforming the industry’s growth of 6.3%.
Image Source: Zacks Investment Research
Key Picks
Some better-ranked stocks from the broader Finance space are Primerica, Inc. PRI, Reinsurance Group of America, Incorporated RGA and Aflac Incorporated AFL. Each stock presently carries a Zacks Rank #2 (Buy). 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 Reinsurance Group of America’s current-year earnings has improved 3.4% in the past 30 days. The consensus mark for RGA’s current-year earnings and revenues indicates 36% and 10.1% year-over-year growth, respectively.
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.
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Aflac Incorporated (AFL) : Free Stock Analysis Report
Manulife Financial Corp (MFC) : 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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Manulife will recapitalize 35 freshly constructed Class A industrial portfolios in 17 markets in the United States, spanning 10.4 million square feet. The company expects to work with its partners to complete the construction, lease up the remaining vacancies and implement strategies of finance and disposition after stabilization. StepStone and Scannell are expected to aid Manulife in achieving its investment objectives, thereby benefiting the results of MFC’s global wealth and asset management arm in the future.
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Image Source: Zacks Investment Research Key Picks Some better-ranked stocks from the broader Finance space are Primerica, Inc. PRI, Reinsurance Group of America, Incorporated RGA and Aflac Incorporated AFL. The Zacks Consensus Estimate for Reinsurance Group of America’s current-year earnings has improved 3.4% in the past 30 days. Click to get this free report Aflac Incorporated (AFL) : Free Stock Analysis Report Manulife Financial Corp (MFC) : 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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Manulife Financial Corporation’s MFC Manulife Investment Management, a leading global wealth and asset management brand, recently entered into a $1.2 billion partnership with Scannell Properties and StepStone Real Estate. Image Source: Zacks Investment Research Key Picks Some better-ranked stocks from the broader Finance space are Primerica, Inc. PRI, Reinsurance Group of America, Incorporated RGA and Aflac Incorporated AFL. Click to get this free report Aflac Incorporated (AFL) : Free Stock Analysis Report Manulife Financial Corp (MFC) : 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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This partnership is expected to improve its investment returns in the future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research?
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714626.0
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2023-12-06 00:00:00 UTC
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Does PepsiCo's Revised Outlook Offer a No-Brainer Investment Opportunity?
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https://www.nasdaq.com/articles/does-pepsicos-revised-outlook-offer-a-no-brainer-investment-opportunity
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PepsiCo (NASDAQ: PEP) is much more than just a soda company. It's a diversified food and beverage giant, making money through an array of products ranging from your favorite chips to that refreshing can of soda. The company's most recent earnings report tells a tale of strategic success, and its results led to an upward revision of its 2023 earnings outlook. Amid the tides of inflation and pricing challenges, PepsiCo sailed smoothly, especially in its North American food divisions.
Here's why PepsiCo just might be a no-brainer stock pick ahead of 2024.
Impressive performance, greater-than-expected earnings
PepsiCo's third-quarter results show the company continues to effectively navigate complex economic conditions. The standout figure was a 16% rise in core constant-currency earnings per share (EPS) for the period. That led to an update of guidance on that metric to 13% growth for the year from the prior forecast of 12%.
This figure signifies not just raw profit, but efficient cost management and operational strength, which is especially important in fluctuating economic conditions. PepsiCo's ability to outperform its EPS projections suggests a robust business strategy, capable of adjusting to challenges like inflation and pricing pressures.
Addressing the challenges head-on
PepsiCo's recent performance in the face of rising inflation and market volatility comes down to more than numbers. It's also about strategic foresight and adaptability. As CFO Hugh F. Johnston explained during the Q3 investor call, planning centers on key areas like commodity inflation, with a focus on forward-buying strategies to mitigate the impacts of inflation.
Johnston also highlighted the balancing of PepsiCo's cost structure, emphasizing the company's drive for productivity and the elimination of unnecessary costs. These measures include investments in digitalization and global business services, reflecting a strong commitment to operational efficiency. Moves such as this reinforce the image of a well-managed company that is proactive in its approach to maintaining profitability amid economic shifts. This proactive stance in navigating economic uncertainties and maintaining a balanced cost plays a crucial role in PepsiCo's potential for sustained growth and profitability in the coming years.
The strength of PepsiCo's business model
PepsiCo's diverse business model, spanning both beverages and convenient foods, has been a key factor in its enduring success. This product diversity helps in mitigating risks and tapping into varied consumer preferences across different markets.
The numbers speak for themselves. In the third quarter, the Frito-Lay North America division reported revenue of over $5.9 billion, a notable increase from around $5.5 billion the previous year. The PepsiCo Beverages North America division also showed strong growth with revenues rising to more than $7.1 billion from $6.6 billion the year prior. This robust performance in key segments demonstrates PepsiCo's capacity to generate consistent revenue streams across its diversified portfolio.
PepsiCo effectively balances its portfolio between beverages and convenient foods. The convenient food segment, encompassing a wide range of products, constitutes a significant 55% of PepsiCo's consolidated net revenue, while beverages contribute over 45%. This balance ensures that PepsiCo doesn't rely on only one type of product, providing a stable revenue base even in fluctuating market conditions.
PepsiCo's diversified model extends geographically as well, with significant operations worldwide. This global presence not only helps mitigate risks associated with market-specific challenges, but also enables the company to capture growth opportunities in various regions. The wide geographical footprint suggests a strategic advantage in understanding and catering to diverse consumer preferences and market dynamics.
Is PepsiCo a no-brainer investment choice?
PepsiCo's upward revision for 2024, with its expectations of high organic revenue and EPS growth, signals continued momentum and confidence in its long-term strategy. Investors looking at PepsiCo will find a compelling mix of stability and potential growth. The company's diversified portfolio, balancing beverage and snack segments across a global stage, offers a buffer against market volatility. This strategic diversity, backed by consistent financial strength, places PepsiCo in a strong position to navigate economic uncertainties while seizing growth opportunities.
PepsiCo stands out as a prudent investment choice. Its ability to effectively manage economic headwinds, coupled with a promising growth trajectory for 2024, underscores its potential as a resilient and forward-looking investment. PepsiCo's solid fundamentals, strategic diversity, and proactive management approach make it a no-brainer choice for investors seeking a blend of stability and growth in their portfolio.
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Nicholas Robbins has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This proactive stance in navigating economic uncertainties and maintaining a balanced cost plays a crucial role in PepsiCo's potential for sustained growth and profitability in the coming years. This strategic diversity, backed by consistent financial strength, places PepsiCo in a strong position to navigate economic uncertainties while seizing growth opportunities. PepsiCo's solid fundamentals, strategic diversity, and proactive management approach make it a no-brainer choice for investors seeking a blend of stability and growth in their portfolio.
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Impressive performance, greater-than-expected earnings PepsiCo's third-quarter results show the company continues to effectively navigate complex economic conditions. The strength of PepsiCo's business model PepsiCo's diverse business model, spanning both beverages and convenient foods, has been a key factor in its enduring success. The PepsiCo Beverages North America division also showed strong growth with revenues rising to more than $7.1 billion from $6.6 billion the year prior.
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The strength of PepsiCo's business model PepsiCo's diverse business model, spanning both beverages and convenient foods, has been a key factor in its enduring success. The PepsiCo Beverages North America division also showed strong growth with revenues rising to more than $7.1 billion from $6.6 billion the year prior. PepsiCo's solid fundamentals, strategic diversity, and proactive management approach make it a no-brainer choice for investors seeking a blend of stability and growth in their portfolio.
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PepsiCo's ability to outperform its EPS projections suggests a robust business strategy, capable of adjusting to challenges like inflation and pricing pressures. This proactive stance in navigating economic uncertainties and maintaining a balanced cost plays a crucial role in PepsiCo's potential for sustained growth and profitability in the coming years. PepsiCo effectively balances its portfolio between beverages and convenient foods.
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714627.0
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2023-12-06 00:00:00 UTC
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ABM Industries (ABM) Earnings Expected to Grow: Should You Buy?
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https://www.nasdaq.com/articles/abm-industries-abm-earnings-expected-to-grow%3A-should-you-buy
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Wall Street expects a year-over-year increase in earnings on higher revenues when ABM Industries (ABM) reports results for the quarter ended October 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 13. 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 provider of cleaning and other maintenance services for commercial buildings, hospitals and airports is expected to post quarterly earnings of $0.93 per share in its upcoming report, which represents a year-over-year change of +4.5%.
Revenues are expected to be $2.04 billion, up 1.3% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has been revised 1% higher 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 ABM Industries?
For ABM Industries, 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 +4%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination indicates that ABM Industries 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 ABM Industries would post earnings of $0.88 per share when it actually produced earnings of $0.79, delivering a surprise of -10.23%.
Over the last four quarters, the company has beaten consensus EPS estimates two times.
Bottom Line
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
ABM Industries 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.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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
ABM Industries Incorporated (ABM) : 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. Zacks Consensus Estimate This provider of cleaning and other maintenance services for commercial buildings, hospitals and airports is expected to post quarterly earnings of $0.93 per share in its upcoming report, which represents a year-over-year change of +4.5%.
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Wall Street expects a year-over-year increase in earnings on higher revenues when ABM Industries (ABM) reports results for the quarter ended October 2023. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
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The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For ABM Industries, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects.
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Wall Street expects a year-over-year increase in earnings on higher revenues when ABM Industries (ABM) reports results for the quarter ended October 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 13. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research?
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954b9e2c-a034-4d65-a3aa-ada5178e9ed2
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714628.0
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2023-12-06 00:00:00 UTC
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Missed Out on Nvidia? 2 Artificial Intelligence (AI) Stocks to Buy in December
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DCOMP
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https://www.nasdaq.com/articles/missed-out-on-nvidia-2-artificial-intelligence-ai-stocks-to-buy-in-december
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nan
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As 2023 comes to an end, we close the chapter on one of the most exciting times for the technology industry in recent memory. After its launch late last year, OpenAI's conversational chatbot, ChatGPT, sparked a tidal wave of interest in generative artificial intelligence (AI) that sent the chipmaker Nvidia's revenue and share price soaring. But as the industry begins to mature, look to see new companies benefit from this burgeoning opportunity.
Let's discuss why Palantir Technologies (NYSE: PLTR) and Advanced Micro Devices (NASDAQ: AMD) could make excellent buys in December and beyond.
1. Palantir Technologies
While Palantir Technologies still trades at a sharp discount to its all-time high of $39, reached in early 2021, its future looks brighter than its past. Management has fleshed out a convincing plan to incorporate generative AI into the company's existing data mining business, and burgeoning profitability is icing on the cake for investors.
Despite hitting public markets through a direct listing in 2020, Palantir is not new. Founded in 2003, the company has a long history of helping the U.S. government by identifying actionable patterns in large amounts of data. And these deep government connections can help it continue to land clients that benefit from its reputation for security and expertise. Recently, this has included the Ukrainian armed forces, which uses its software for military targeting, according to Palantir's CEO Alex Karp.
Palantir can expand the usefulness of its existing tools by synergizing them with large language models, which can generate insights from data in real-time scenarios like battlefields, for example. The company recently won a $250 million contract with the U.S. Army to research and experiment with the new technology -- possibly a sign of more deals to come.
With a forward price-to-earnings (P/E) ratio of 70, Palantir stock is quite expensive going into December. For context, the S&P 500 has an average of 25. But for investors, the company's swing to profitability (over the trailing 12 months) is good news because now it has a solid foundation to pursue its long-term growth drivers. Third-quarter income stood at around $80 million, up from a loss of $124 million in the prior-year period. And the rapid bottom line improvements mean Palantir can eventually grow to justify its price tag.
2. Advanced Micro Devices
With shares up 89% year to date, AMD had a good run in 2023 -- despite lackluster revenue growth this year. While the company has been relatively slow to capitalize on AI hardware demand, this business looks set to scale up in the fourth quarter of 2023 and the full year 2024. A rebound in AMD's PC business will also help support its valuation.
Image source: Getty Images.
Perhaps no company has benefited more from rising AI hardware demand than AMD's rival Nvidia, a leader in making advanced graphics processing units (GPUs) for AI training and deployment. However, the opportunity is ripe for competition because of supply constraints and high prices. AMD aims to solve this problem by manufacturing and selling its own advanced MI300 chip that can match or exceed the performance of Nvidia's flagship H100 for training AI applications.
While AMD's third-quarter revenue only increased by 4% year over year to $5.8 billion, investors are more interested in guidance. According to CEO Lisa Su, the company expects GPUs to add a whopping $400 million in fourth-quarter revenue, exceeding $2 billion in 2024. Investors can also look forward to growth in the client segment (where AMD sells PC components) as macroeconomic pressures like inflation fade. This business grew sales by an impressive 42% year over year to $1.5 billion on higher demand for its Ryzen mobile processors.
With a forward price-to-earnings (P/E) multiple of 33, AMD isn't cheap. But the company looks set to justify its price tag as its AI chip business scales up.
Expect the industry to mature
Over time, the AI industry will become more mature. And it will be important for investors to bet on companies that can set themselves apart from their rivals. AMD has a strong track record of competing with Nvidia in the GPU market, while Palantir's government connections will make it difficult for other companies to encroach on its niche. Both stocks are an excellent way to invest in this exciting technology megatrend.
10 stocks we like better than Palantir Technologies
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*Stock Advisor returns as of November 29, 2023
Will Ebiefung has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, 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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After its launch late last year, OpenAI's conversational chatbot, ChatGPT, sparked a tidal wave of interest in generative artificial intelligence (AI) that sent the chipmaker Nvidia's revenue and share price soaring. Management has fleshed out a convincing plan to incorporate generative AI into the company's existing data mining business, and burgeoning profitability is icing on the cake for investors. AMD has a strong track record of competing with Nvidia in the GPU market, while Palantir's government connections will make it difficult for other companies to encroach on its niche.
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Let's discuss why Palantir Technologies (NYSE: PLTR) and Advanced Micro Devices (NASDAQ: AMD) could make excellent buys in December and beyond. Perhaps no company has benefited more from rising AI hardware demand than AMD's rival Nvidia, a leader in making advanced graphics processing units (GPUs) for AI training and deployment. But the company looks set to justify its price tag as its AI chip business scales up.
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Let's discuss why Palantir Technologies (NYSE: PLTR) and Advanced Micro Devices (NASDAQ: AMD) could make excellent buys in December and beyond. Perhaps no company has benefited more from rising AI hardware demand than AMD's rival Nvidia, a leader in making advanced graphics processing units (GPUs) for AI training and deployment. AMD has a strong track record of competing with Nvidia in the GPU market, while Palantir's government connections will make it difficult for other companies to encroach on its niche.
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While AMD's third-quarter revenue only increased by 4% year over year to $5.8 billion, investors are more interested in guidance. But the company looks set to justify its price tag as its AI chip business scales up. The Motley Fool has positions in and recommends Advanced Micro Devices, Nvidia, and Palantir Technologies.
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fe8d5b22-b978-4ba6-a4a2-b1a583b6bdd6
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714629.0
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2023-12-06 00:00:00 UTC
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Validea's Top Health Care Stocks Based On Martin Zweig - 12/6/2023
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DCOMP
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https://www.nasdaq.com/articles/valideas-top-health-care-stocks-based-on-martin-zweig-12-6-2023
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The following are the top rated Health Care stocks according to Validea's Growth Investor model based on the published strategy of Martin Zweig. This strategy looks for growth stocks with persistent accelerating earnings and sales growth, reasonable valuations and low debt.
BRUKER CORPORATION (BRKR) is a mid-cap growth stock in the Scientific & Technical Instr. industry. The rating according to our strategy based on Martin Zweig is 62% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Bruker Corporation is a developer, manufacturer and distributor of scientific instruments and analytical and diagnostic solutions. The Company operates through four segments: Bruker Scientific Instruments (BSI) BioSpin, BSI CALID, BSI Nano and Bruker Energy & Supercon Technologies (BEST). The BSI BioSpin segment designs, manufactures, and distributes enabling life science tools based on magnetic resonance technology. The BSI CALID segment designs, manufactures and distributes life science mass spectrometry and ion mobility spectrometry solutions, analytical and process analysis instruments and solutions. The BSI Nano segment designs, manufactures and distributes advanced X-ray instruments, atomic force microscopy instrumentation, advanced fluorescence optical microscopy instruments, and others. BEST segment develops and manufactures superconducting and non-superconducting materials and devices for use in renewable energy, energy infrastructure, healthcare, and big science research.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: FAIL
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: FAIL
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of BRUKER CORPORATION
BRKR Guru Analysis
BRKR Fundamental Analysis
CORCEPT THERAPEUTICS INCORPORATED (CORT) is a mid-cap growth stock in the Biotechnology & Drugs industry. The rating according to our strategy based on Martin Zweig is 62% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Corcept Therapeutics Incorporated is a commercial-stage company, which is engaged in the discovery and development of medications to treat severe endocrine, oncologic, metabolic and neurological disorders by modulating the effects of the hormone cortisol. The Company operates through the discovery, development and commercialization of the pharmaceutical products segment. The Company has marketed Korlym (mifepristone) in the United States for the treatment of patients suffering from Cushings syndrome. The Company's portfolio of selective cortisol modulators consists of four series totaling approximately 1,000 compounds. Its portfolio of selective cortisol modulators consists of relacorilant, exicorilant, dazucorilant and miricorilant. Korlyms active ingredient, mifepristone, reduces the binding of excess cortisol to the GR, it can modulate the effects of abnormal levels and release patterns of cortisol without compromising cortisols healthy functions and rhythms.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: FAIL
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: FAIL
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: FAIL
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: FAIL
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of CORCEPT THERAPEUTICS INCORPORATED
CORT Guru Analysis
CORT Fundamental Analysis
Martin Zweig Portfolio
About Martin Zweig: During the 15 years that it was monitored, Zweig's stock recommendation newsletter returned an average of 15.9 percent per year, during which time it was ranked number one based on risk-adjusted returns by Hulbert Financial Digest. Zweig has managed both mutual and hedge funds during his career, and he's put the fortune he's compiled to some interesting uses. He has owned what Forbes reported was the most expensive apartment in New York, a $70 million penthouse that sits atop Manhattan's Pierre Hotel, and he is a collector of all sorts of pop culture and historical memorabilia -- among his purchases are the gun used by Clint Eastwood in "Dirty Harry", a stock certificate signed by Commodore Vanderbilt, and even two old-fashioned gas pumps similar to those he'd seen at a nearby gas station while growing up in Cleveland, according to published reports.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The following are the top rated Health Care stocks according to Validea's Growth Investor model based on the published strategy of Martin Zweig. He has owned what Forbes reported was the most expensive apartment in New York, a $70 million penthouse that sits atop Manhattan's Pierre Hotel, and he is a collector of all sorts of pop culture and historical memorabilia -- among his purchases are the gun used by Clint Eastwood in "Dirty Harry", a stock certificate signed by Commodore Vanderbilt, and even two old-fashioned gas pumps similar to those he'd seen at a nearby gas station while growing up in Cleveland, according to published reports. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig.
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The Company operates through four segments: Bruker Scientific Instruments (BSI) BioSpin, BSI CALID, BSI Nano and Bruker Energy & Supercon Technologies (BEST). Detailed Analysis of BRUKER CORPORATION BRKR Guru Analysis BRKR Fundamental Analysis CORCEPT THERAPEUTICS INCORPORATED (CORT) is a mid-cap growth stock in the Biotechnology & Drugs industry. Detailed Analysis of CORCEPT THERAPEUTICS INCORPORATED CORT Guru Analysis CORT Fundamental Analysis Martin Zweig Portfolio About Martin Zweig: During the 15 years that it was monitored, Zweig's stock recommendation newsletter returned an average of 15.9 percent per year, during which time it was ranked number one based on risk-adjusted returns by Hulbert Financial Digest.
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The Company operates through four segments: Bruker Scientific Instruments (BSI) BioSpin, BSI CALID, BSI Nano and Bruker Energy & Supercon Technologies (BEST). Detailed Analysis of BRUKER CORPORATION BRKR Guru Analysis BRKR Fundamental Analysis CORCEPT THERAPEUTICS INCORPORATED (CORT) is a mid-cap growth stock in the Biotechnology & Drugs industry. Detailed Analysis of CORCEPT THERAPEUTICS INCORPORATED CORT Guru Analysis CORT Fundamental Analysis Martin Zweig Portfolio About Martin Zweig: During the 15 years that it was monitored, Zweig's stock recommendation newsletter returned an average of 15.9 percent per year, during which time it was ranked number one based on risk-adjusted returns by Hulbert Financial Digest.
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The following are the top rated Health Care stocks according to Validea's Growth Investor model based on the published strategy of Martin Zweig. The Company operates through four segments: Bruker Scientific Instruments (BSI) BioSpin, BSI CALID, BSI Nano and Bruker Energy & Supercon Technologies (BEST). Korlyms active ingredient, mifepristone, reduces the binding of excess cortisol to the GR, it can modulate the effects of abnormal levels and release patterns of cortisol without compromising cortisols healthy functions and rhythms.
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f454fb94-da93-45df-91b4-078e910e7dbc
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714630.0
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2023-12-06 00:00:00 UTC
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Best Momentum Stock to Buy for December 6th
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DCOMP
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https://www.nasdaq.com/articles/best-momentum-stock-to-buy-for-december-6th-0
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nan
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Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, December 6th:
Adecoagro AGRO: This agricultural company which is engaged in farming crops and other agricultural products, cattle and dairy operations, sugar, ethanol and energy production and land transformation, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.6% over the last 60 days.
Adecoagro S.A. Price and Consensus
Adecoagro S.A. price-consensus-chart | Adecoagro S.A. Quote
Adecoagro’s shares gained 9.9% over the last three month compared with the S&P 500’s gain of 2.3%. The company possesses a Momentum Score of A.
Adecoagro S.A. Price
Adecoagro S.A. price | Adecoagro S.A. Quote
Insight Enterprises NSIT: This company which is a global direct marketer of brand name computers, hardware and software, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.0% over the last 60 days.
Insight Enterprises, Inc. Price and Consensus
Insight Enterprises, Inc. price-consensus-chart | Insight Enterprises, Inc. Quote
Insight Enterprises’ shares gained 11.6% over the last three month compared with the S&P 500’s gain of 2.3%. The company possesses a Momentum Score of B.
Insight Enterprises, Inc. Price
Insight Enterprises, Inc. price | Insight Enterprises, Inc. Quote
Arcos Dorados ARCO: This company which operates as a franchisee of McDonald's with its operations divided in Brazil, Latin America and the Caribbean, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.7% over the last 60 days.
Arcos Dorados Holdings Inc. Price and Consensus
Arcos Dorados Holdings Inc. price-consensus-chart | Arcos Dorados Holdings Inc. Quote
Arcos Dorados’s shares gained 25.6% over the last three month compared with the S&P 500’s gain of 2.3%. The company possesses a Momentum Score of B.
Arcos Dorados Holdings Inc. Price
Arcos Dorados Holdings Inc. price | Arcos Dorados Holdings Inc. Quote
See the full list of top ranked stocks here
Learn more about the Momentum score and how it is calculated here.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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
Adecoagro S.A. (AGRO) : Free Stock Analysis Report
Arcos Dorados Holdings Inc. (ARCO) : Free Stock Analysis Report
Insight Enterprises, Inc. (NSIT) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, December 6th: Adecoagro AGRO: This agricultural company which is engaged in farming crops and other agricultural products, cattle and dairy operations, sugar, ethanol and energy production and land transformation, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.6% over the last 60 days. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys."
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Arcos Dorados Holdings Inc. Price and Consensus Arcos Dorados Holdings Inc. price-consensus-chart | Arcos Dorados Holdings Inc. Quote Arcos Dorados’s shares gained 25.6% over the last three month compared with the S&P 500’s gain of 2.3%. The company possesses a Momentum Score of B. Arcos Dorados Holdings Inc. Price Arcos Dorados Holdings Inc. price | Arcos Dorados Holdings Inc. Quote See the full list of top ranked stocks here Learn more about the Momentum score and how it is calculated here. Click to get this free report Adecoagro S.A. (AGRO) : Free Stock Analysis Report Arcos Dorados Holdings Inc. (ARCO) : Free Stock Analysis Report Insight Enterprises, Inc. (NSIT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The company possesses a Momentum Score of A. Adecoagro S.A. Price Adecoagro S.A. price | Adecoagro S.A. Quote Insight Enterprises NSIT: This company which is a global direct marketer of brand name computers, hardware and software, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.0% over the last 60 days. Insight Enterprises, Inc. Price Insight Enterprises, Inc. price | Insight Enterprises, Inc. Quote Arcos Dorados ARCO: This company which operates as a franchisee of McDonald's with its operations divided in Brazil, Latin America and the Caribbean, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.7% over the last 60 days. Click to get this free report Adecoagro S.A. (AGRO) : Free Stock Analysis Report Arcos Dorados Holdings Inc. (ARCO) : Free Stock Analysis Report Insight Enterprises, Inc. (NSIT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The company possesses a Momentum Score of A. Adecoagro S.A. Price Adecoagro S.A. price | Adecoagro S.A. Quote Insight Enterprises NSIT: This company which is a global direct marketer of brand name computers, hardware and software, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.0% over the last 60 days. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Click to get this free report Adecoagro S.A. (AGRO) : Free Stock Analysis Report Arcos Dorados Holdings Inc. (ARCO) : Free Stock Analysis Report Insight Enterprises, Inc. (NSIT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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f59f3da2-b710-4982-a14d-4d9aa3db8a42
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714631.0
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2023-12-06 00:00:00 UTC
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Alphabet unveils long-awaited Gemini AI model
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DCOMP
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https://www.nasdaq.com/articles/alphabet-unveils-long-awaited-gemini-ai-model
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nan
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By Max A. Cherney and Stephen Nellis
SAN FRANCISCO, Dec 6 (Reuters) - Alphabet GOOGL.O on Wednesday introduced its most advanced artificial intelligence model, a technology capable of crunching different forms of information such as video, audio and text.
Called Gemini, the Google owner's highly anticipated AI model is capable of more sophisticated reasoning and understanding information with a greater degree of nuance than Google's prior technology, the company said.
"This new era of models represents one of the biggest science and engineering efforts we’ve undertaken as a company," Alphabet CEO Sundar Pichai wrote in a blog post.
Since the launch of OpenAI's ChatGPT roughly a year ago, Google has been racing to produce AI software that rivals what the Microsoft MSFT.O-backed company has introduced.
Google added a portion of the new Gemini model technology to its AI assistant Bard on Wednesday, and said it planned to release its most advanced version of Gemini through Bard early next year.
Alphabet said it is making three versions of Gemini, each of which is designed to use a different amount of processing power. The most powerful version is designed to run in data centers, and the smallest will run efficiently on mobile devices, the company said.
Gemini is the largest AI model that the company's Google DeepMind AI unit has helped make, but it is "significantly" cheaper to serve to users than the company's prior, larger models, DeepMind Vice President, Product Eli Collins told reporters.
"So it's not just more capable, it's also far more efficient," Collins said. The latest model still requires a substantial amount of computing power to train, but Google is improving on its process, he added.
Alphabet also announced a new generation of its custom-built AI chips, or tensor processing units (TPUs). The Cloud TPU v5p is designed to train large AI models, and is stitched together in pods of 8,960 chips.
The new version of its customer processors can train large language models nearly three times as fast as prior generations. The new chips are available for developers in "preview" as of Wednesday, the company said.
(Reporting by Max A. Cherney and Stephen Nellis in San Francisco; Editing by Jamie Freed)
((Max.Cherney@thomsonreuters.com; 415-404-2697;))
The views and 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 Max A. Cherney and Stephen Nellis SAN FRANCISCO, Dec 6 (Reuters) - Alphabet GOOGL.O on Wednesday introduced its most advanced artificial intelligence model, a technology capable of crunching different forms of information such as video, audio and text. "This new era of models represents one of the biggest science and engineering efforts we’ve undertaken as a company," Alphabet CEO Sundar Pichai wrote in a blog post. Since the launch of OpenAI's ChatGPT roughly a year ago, Google has been racing to produce AI software that rivals what the Microsoft MSFT.O-backed company has introduced.
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By Max A. Cherney and Stephen Nellis SAN FRANCISCO, Dec 6 (Reuters) - Alphabet GOOGL.O on Wednesday introduced its most advanced artificial intelligence model, a technology capable of crunching different forms of information such as video, audio and text. Gemini is the largest AI model that the company's Google DeepMind AI unit has helped make, but it is "significantly" cheaper to serve to users than the company's prior, larger models, DeepMind Vice President, Product Eli Collins told reporters. (Reporting by Max A. Cherney and Stephen Nellis in San Francisco; Editing by Jamie Freed) ((Max.Cherney@thomsonreuters.com; 415-404-2697;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Called Gemini, the Google owner's highly anticipated AI model is capable of more sophisticated reasoning and understanding information with a greater degree of nuance than Google's prior technology, the company said. Google added a portion of the new Gemini model technology to its AI assistant Bard on Wednesday, and said it planned to release its most advanced version of Gemini through Bard early next year. Gemini is the largest AI model that the company's Google DeepMind AI unit has helped make, but it is "significantly" cheaper to serve to users than the company's prior, larger models, DeepMind Vice President, Product Eli Collins told reporters.
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By Max A. Cherney and Stephen Nellis SAN FRANCISCO, Dec 6 (Reuters) - Alphabet GOOGL.O on Wednesday introduced its most advanced artificial intelligence model, a technology capable of crunching different forms of information such as video, audio and text. Alphabet said it is making three versions of Gemini, each of which is designed to use a different amount of processing power. The Cloud TPU v5p is designed to train large AI models, and is stitched together in pods of 8,960 chips.
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13130eee-9343-4732-b778-49aa03cf6200
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714632.0
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2023-12-06 00:00:00 UTC
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Validea's Top Financial Stocks Based On Warren Buffett - 12/6/2023
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DCOMP
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https://www.nasdaq.com/articles/valideas-top-financial-stocks-based-on-warren-buffett-12-6-2023
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nan
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The following are the top rated Financial stocks according to Validea's Patient Investor model based on the published strategy of Warren Buffett. This strategy seeks out firms with long-term, predictable profitability and low debt that trade at reasonable valuations.
SERVISFIRST BANCSHARES INC (SFBS) is a mid-cap value stock in the Money Center Banks industry. The rating according to our strategy based on Warren Buffett is 100% 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: ServisFirst Bancshares, Inc. is a bank holding company that is engaged in the business of accepting deposits from the public and making loans and other investments. Through its subsidiary ServisFirst Bank (the Bank), provides business and personal financial services from locations in Birmingham, Huntsville, Mobile, Montgomery and Dothan, Alabama, Northwest Florida, West Central Florida, Nashville, Tennessee, Atlanta, Georgia, and Charleston, South Carolina. The Bank provides commercial, consumer, and other loans and accept deposits, provide electronic banking services, such as online and mobile banking, including remote deposit capture deliver treasury and cash management services, and provides correspondent banking services to other financial institutions. The Banks offers a range of loans to retail customers in the communities. Bank's consumer loans include home equity loans (open and closed-end), vehicle financing, loans secured by deposits, and secured and unsecured personal loans.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS PREDICTABILITY: PASS
RETURN ON EQUITY: PASS
RETURN ON ASSETS: PASS
FREE CASH FLOW: PASS
USE OF RETAINED EARNINGS: PASS
SHARE REPURCHASE: PASS
INITIAL RATE OF RETURN: PASS
EXPECTED RETURN: PASS
Detailed Analysis of SERVISFIRST BANCSHARES INC
SFBS Guru Analysis
SFBS Fundamental Analysis
ESSENT GROUP LTD (ESNT) is a mid-cap value stock in the Insurance (Prop. & Casualty) industry. The rating according to our strategy based on Warren Buffett is 79% 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: Essent Group Ltd. is a holding company. The Company, through its wholly owned subsidiaries, offers private mortgage insurance, reinsurance, risk management products and title insurance and settlement services to mortgage lenders, borrowers, and investors to support homeownership. In addition to offering mortgage insurance, it provides contract underwriting services on a limited basis through CUW Solutions, LLC. It also offers mortgage-related insurance and reinsurance through its Bermuda-based subsidiary, Essent Reinsurance Ltd. It provides private capital to mitigate mortgage credit risk, allowing lenders to make additional mortgage financing available to prospective homeowners. Its products and services include mortgage insurance, contract underwriting, and Bermuda-Based insurance and reinsurance. It offers two types of private mortgage insurance, namely primary and pool. Its subsidiaries also include Agents National Title Holding Company and Boston National Holdings LLC.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS PREDICTABILITY: PASS
RETURN ON EQUITY: FAIL
RETURN ON ASSETS: PASS
FREE CASH FLOW: PASS
USE OF RETAINED EARNINGS: PASS
SHARE REPURCHASE: PASS
INITIAL RATE OF RETURN: PASS
EXPECTED RETURN: PASS
Detailed Analysis of ESSENT GROUP LTD
ESNT Guru Analysis
ESNT Fundamental Analysis
CATHAY GENERAL BANCORP (CATY) is a mid-cap value stock in the Money Center Banks industry. The rating according to our strategy based on Warren Buffett is 72% 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: Cathay General Bancorp is the holding company of Cathay Bank, a California state-chartered commercial bank (the Bank). The Bank is a commercial bank, serving individuals, professionals, and small to medium-sized businesses in the local markets in which its branches are located. It provides commercial mortgage loans, commercial loans, United States small business administration loans, residential mortgage loans, real estate construction loans, home equity lines of credit, and installment loans to individuals for, household and other consumer expenditures. It provides commercial mortgage loans, commercial loans, home equity lines of credit, installment loans and distribution and maturity of loans. It offers products and services to businesses, such as checking and deposit, lines of credits, commercial and commercial real estate loans, merchant services and payment processing, treasury management services, international banking and financing services, and other customary banking services.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS PREDICTABILITY: PASS
RETURN ON EQUITY: FAIL
RETURN ON ASSETS: PASS
FREE CASH FLOW: PASS
USE OF RETAINED EARNINGS: PASS
SHARE REPURCHASE: PASS
INITIAL RATE OF RETURN: PASS
EXPECTED RETURN: FAIL
Detailed Analysis of CATHAY GENERAL BANCORP
CATY Guru Analysis
CATY Fundamental Analysis
Warren Buffett Portfolio
Top Warren Buffett Stocks
About Warren Buffett: Warren Buffett is considered by many to be the greatest investor of all time. As the chairman of Berkshire Hathaway, Buffett has consistently outperformed the S&P 500 for decades, and in the process has become one of the world's richest men. (Forbes puts his net worth at $37 billion.) Despite his fortune, Buffett is known for living a modest lifestyle, by billionaire standards. His primary residence remains the gray stucco Nebraska home he purchased for $31,500 nearly 50 years ago, according to Forbes, and his folksy Midwestern manner and penchant for simple pleasures -- a cherry Coke, a good burger, and a good book are all near the top of the list -- have been well-documented.
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 Financial stocks according to Validea's Patient Investor model based on the published strategy of Warren Buffett. In addition to offering mortgage insurance, it provides contract underwriting services on a limited basis through CUW Solutions, LLC. 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 ESSENT GROUP LTD ESNT Guru Analysis ESNT Fundamental Analysis CATHAY GENERAL BANCORP (CATY) is a mid-cap value stock in the Money Center Banks industry. It provides commercial mortgage loans, commercial loans, United States small business administration loans, residential mortgage loans, real estate construction loans, home equity lines of credit, and installment loans to individuals for, household and other consumer expenditures. Detailed Analysis of CATHAY GENERAL BANCORP CATY Guru Analysis CATY Fundamental Analysis Warren Buffett Portfolio Top Warren Buffett Stocks About Warren Buffett: Warren Buffett is considered by many to be the greatest investor of all time.
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It provides commercial mortgage loans, commercial loans, United States small business administration loans, residential mortgage loans, real estate construction loans, home equity lines of credit, and installment loans to individuals for, household and other consumer expenditures. It offers products and services to businesses, such as checking and deposit, lines of credits, commercial and commercial real estate loans, merchant services and payment processing, treasury management services, international banking and financing services, and other customary banking services. Detailed Analysis of CATHAY GENERAL BANCORP CATY Guru Analysis CATY Fundamental Analysis Warren Buffett Portfolio Top Warren Buffett Stocks About Warren Buffett: Warren Buffett is considered by many to be the greatest investor of all time.
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The Bank provides commercial, consumer, and other loans and accept deposits, provide electronic banking services, such as online and mobile banking, including remote deposit capture deliver treasury and cash management services, and provides correspondent banking services to other financial institutions. The Company, through its wholly owned subsidiaries, offers private mortgage insurance, reinsurance, risk management products and title insurance and settlement services to mortgage lenders, borrowers, and investors to support homeownership. It offers products and services to businesses, such as checking and deposit, lines of credits, commercial and commercial real estate loans, merchant services and payment processing, treasury management services, international banking and financing services, and other customary banking services.
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92a16884-627a-4707-aa5c-1ba179890581
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714633.0
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2023-12-06 00:00:00 UTC
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Eagle Materials (EXP) Joins Terra to Produce Low-Carbon SCM
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https://www.nasdaq.com/articles/eagle-materials-exp-joins-terra-to-produce-low-carbon-scm
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Eagle Materials Inc. EXP has entered into exclusive agreements with Terra CO2 for the prospective deployment of several eco-friendly, low-carbon cementitious commercial-scale plants. The expected deployments are likely to offer services in three geographic areas, including the Greater Denver market.
Per the agreements, Eagle Materials will have the rights to build and operate plants producing supplementary cementitious material (“SCM”). Following the entire development and full scaling, each plant will have the capacity to produce about 240,000 tons of SCM, annually. These strategic transactions will take the construction industry a step forward in meeting environmental goals.
The company shares optimistic views on entering into these exclusive agreements with Terra, as it believes this move will help cater to the growing demand for cement while ensuring sustainable production.
Eagle Materials’ Primary Growth Drivers
Eagle Materials is benefiting from the solid demand for public and private non-residential construction. Given the company’s nature of business, an increase in infrastructure spending directly elevates the demand for cement and aggregates. The business is divided into two sectors, Heavy Materials and Light Materials, which distinctively add to its growth trend.
During the second quarter of fiscal 2024, the Heavy Materials sector benefited from an increase in public highway and infrastructure awards within its geographical footprint. Also, manufacturing construction projects of semiconductors, EV batteries, clean energy and heavy industrial projects add to the growth trend. On the other hand, the Light Materials sector gained momentum primarily due to the solid backlog levels of houses under construction.
The company is expected to reap benefits in the upcoming period from solid non-residential construction activities and incremental federal funding from the enacted Infrastructure Investment and Jobs Act. Also, resilient pricing, given the growth in all its product lines, is expected to support its growth trend.
Image Source: Zacks Investment Research
Owing to the notable tailwinds, shares of EXP have gained 36.4% in the past year, outperforming the Zacks Building Products - Concrete and Aggregates industry’s 31.1% growth.
Zacks Rank & Key Picks
Eagle Materials currently carries a Zacks Rank #3 (Hold).
Here are some better-ranked stocks from the Construction sector.
EMCOR Group, Inc. EME presently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
It has a trailing four-quarter earnings surprise of 25%, on average. Shares of EME have increased 41.8% in the past year. The Zacks Consensus Estimate for EME’s 2023 sales and earnings per share (EPS) indicates an improvement of 12% and 52.8%, respectively, from the prior-year levels.
M-tron Industries, Inc. MPTI currently sports a Zacks Rank of 1. MPTI delivered a trailing four-quarter earnings surprise of 35.6%, on average. It has surged 273.3% in the past year.
The Zacks Consensus Estimate for MPTI’s 2023 sales and EPS indicates growth of 30.6% and 156.7%, respectively, from the previous year.
Willdan Group, Inc. WLDN currently sports a Zacks Rank of 1. WLDN delivered a trailing four-quarter earnings surprise of a whopping 850.6%, on average. The stock has gained 37.6% in the past year.
The Zacks Consensus Estimate for WLDN’s 2023 sales and EPS indicates growth of 14.1% and 47.7%, respectively, from a year ago.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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
EMCOR Group, Inc. (EME) : Free Stock Analysis Report
Eagle Materials Inc (EXP) : Free Stock Analysis Report
Willdan Group, Inc. (WLDN) : Free Stock Analysis Report
M-tron Industries, Inc. (MPTI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Eagle Materials Inc. EXP has entered into exclusive agreements with Terra CO2 for the prospective deployment of several eco-friendly, low-carbon cementitious commercial-scale plants. The company shares optimistic views on entering into these exclusive agreements with Terra, as it believes this move will help cater to the growing demand for cement while ensuring sustainable production. The company is expected to reap benefits in the upcoming period from solid non-residential construction activities and incremental federal funding from the enacted Infrastructure Investment and Jobs Act.
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Eagle Materials’ Primary Growth Drivers Eagle Materials is benefiting from the solid demand for public and private non-residential construction. Image Source: Zacks Investment Research Owing to the notable tailwinds, shares of EXP have gained 36.4% in the past year, outperforming the Zacks Building Products - Concrete and Aggregates industry’s 31.1% growth. Click to get this free report EMCOR Group, Inc. (EME) : Free Stock Analysis Report Eagle Materials Inc (EXP) : Free Stock Analysis Report Willdan Group, Inc. (WLDN) : Free Stock Analysis Report M-tron Industries, Inc. (MPTI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Image Source: Zacks Investment Research Owing to the notable tailwinds, shares of EXP have gained 36.4% in the past year, outperforming the Zacks Building Products - Concrete and Aggregates industry’s 31.1% growth. Zacks Rank & Key Picks Eagle Materials currently carries a Zacks Rank #3 (Hold). Click to get this free report EMCOR Group, Inc. (EME) : Free Stock Analysis Report Eagle Materials Inc (EXP) : Free Stock Analysis Report Willdan Group, Inc. (WLDN) : Free Stock Analysis Report M-tron Industries, Inc. (MPTI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Eagle Materials’ Primary Growth Drivers Eagle Materials is benefiting from the solid demand for public and private non-residential construction. The business is divided into two sectors, Heavy Materials and Light Materials, which distinctively add to its growth trend. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research?
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4e1b1830-4353-4916-9738-3ad46dda1b88
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714634.0
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2023-12-06 00:00:00 UTC
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Oracle (ORCL) to Report Q2 Earnings: What's in the Cards?
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https://www.nasdaq.com/articles/oracle-orcl-to-report-q2-earnings%3A-whats-in-the-cards
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Oracle ORCL is scheduled to release second-quarter fiscal 2024 results on Dec 11, after market close.
For second-quarter fiscal 2024, Oracle anticipates total revenue growth rate, including Cerner on a year-over-year basis, in the range of 5-7% at USD and 3-5% at constant currency (cc). The Zacks Consensus Estimate for revenues is pegged at $13.05 billion, indicating an increase of 6.32% on a year-over-year basis.
Oracle expects non-GAAP earnings growth rate on a year-over-year basis in the range of 7-11% at cc and $1.30-$1.34 per share in USD.
The Zacks Consensus Estimate for earnings has remained steady at $1.32 per share in the past 30 days, suggesting a 9.09% increase from the year-ago fiscal quarter’s reported figure.
Over the trailing four quarters, Oracle’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 3.8%.
Oracle Corporation Price and EPS Surprise
Oracle Corporation price-eps-surprise | Oracle Corporation Quote
Factors to Consider
Accelerated digital transformation, along with the mainstream adoption of the hybrid/flexible work model, is likely to have driven demand for Oracle Cloud Infrastructure (“OCI”) services and the company’s other cloud-based applications in the to-be-reported quarter.
In the to-be-reported quarter, ORCL was selected by several new healthcare organizations across the United States for their clinical, financial and operational needs. The company was also chosen by law enforcement agencies to aid in safeguarding the citizens and local communities.
Team IM chose Oracle to construct New Zealand's first locally owned and operated hyperscale cloud. The company was also selected by Rheem to scale its global operations and support its mission to engineer high-quality and sustainable solutions.
The acquisition of Cerner in 2022, in an all-cash transaction amounting to $28.3 billion or $95 per share, is expected to have bolstered ORCL’s position in the lucrative healthcare domain. In the first quarter of fiscal 2024, Cerner contributed $0.6 billion to the total revenues driven by continued strength in the Fusion, Autonomous Database and OCI services.
For the fiscal second quarter of 2024, total cloud revenues, excluding Cerner, are expected to grow from 28% to 29% at cc and from 29% to 31% in USD.
Continued momentum in back-office cloud-based Fusion Human Capital Management solutions, along with NetSuite Enterprise Resource Planning (ERP) and Fusion ERP applications, is expected to have favored ORCL’s quarterly performance.
On Oct 10, Oracle announced that its Fusion Cloud Student software has been chosen by the University of Tennessee to streamline student processes.
The robust adoption of the company’s generative artificial intelligence (AI) services holds promise. In the to-be-reported quarter, Oracle announced the availability of NVIDIA AI Enterprise and DGX Cloud in the Oracle Cloud Marketplace, signaling its ongoing commitment to advancing AI.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Oracle this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However, that’s not the case here.
Oracle has an Earnings ESP of 0.00% and currently has a Zacks Rank #3 . You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks With the Favorable Combination
Here are some stocks worth considering, as our model shows that these have the right combination of elements to beat on earnings this season.
Campbell Soup CPB has an Earnings ESP of +0.07% and a Zacks Rank #3 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Campbell Soup is set to announce first-quarter fiscal 2024 results on Dec 6. Shares of CPB have lost 26.3% year to date.
Aldeyra Therapeutics ALDX has an Earnings ESP of +23.71% and a Zacks Rank #2 at present.
Aldeyra Therapeutics is set to announce third-quarter fiscal 2023 results on Dec 7. Shares of ALDX have lost 60.2% year to date.
Adobe ADBE has an Earnings ESP of +13.5% and carries a Zacks Rank of 2 at present.
Adobe is set to announce fourth-quarter and fiscal 2023 results on Dec 13. ADBE’s shares are up 82% year to date.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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
Oracle Corporation (ORCL) : Free Stock Analysis Report
Campbell Soup Company (CPB) : Free Stock Analysis Report
Adobe Inc. (ADBE) : Free Stock Analysis Report
Aldeyra Therapeutics, Inc. (ALDX) : 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 second-quarter fiscal 2024, Oracle anticipates total revenue growth rate, including Cerner on a year-over-year basis, in the range of 5-7% at USD and 3-5% at constant currency (cc). The Zacks Consensus Estimate for earnings has remained steady at $1.32 per share in the past 30 days, suggesting a 9.09% increase from the year-ago fiscal quarter’s reported figure. In the first quarter of fiscal 2024, Cerner contributed $0.6 billion to the total revenues driven by continued strength in the Fusion, Autonomous Database and OCI services.
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For second-quarter fiscal 2024, Oracle anticipates total revenue growth rate, including Cerner on a year-over-year basis, in the range of 5-7% at USD and 3-5% at constant currency (cc). The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. Click to get this free report Oracle Corporation (ORCL) : Free Stock Analysis Report Campbell Soup Company (CPB) : Free Stock Analysis Report Adobe Inc. (ADBE) : Free Stock Analysis Report Aldeyra Therapeutics, Inc. (ALDX) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Over the trailing four quarters, Oracle’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 3.8%. Oracle Corporation Price and EPS Surprise Oracle Corporation price-eps-surprise | Oracle Corporation Quote Factors to Consider Accelerated digital transformation, along with the mainstream adoption of the hybrid/flexible work model, is likely to have driven demand for Oracle Cloud Infrastructure (“OCI”) services and the company’s other cloud-based applications in the to-be-reported quarter. Click to get this free report Oracle Corporation (ORCL) : Free Stock Analysis Report Campbell Soup Company (CPB) : Free Stock Analysis Report Adobe Inc. (ADBE) : Free Stock Analysis Report Aldeyra Therapeutics, Inc. (ALDX) : Free Stock Analysis Report To read this article on Zacks.com click here.
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In the to-be-reported quarter, Oracle announced the availability of NVIDIA AI Enterprise and DGX Cloud in the Oracle Cloud Marketplace, signaling its ongoing commitment to advancing AI. Oracle has an Earnings ESP of 0.00% and currently has a Zacks Rank #3 . Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research?
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5b83aa43-4a38-4597-8c40-f5dafff9d577
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714635.0
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2023-12-06 00:00:00 UTC
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Reasons Why You Should Retain WEX in Your Portfolio Right Now
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https://www.nasdaq.com/articles/reasons-why-you-should-retain-wex-in-your-portfolio-right-now
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WEX Inc. WEX's robust organic growth and strategic acquisitions drive revenues and earnings. The recent Payzer acquisition aligns with its growth strategy. WEX strengthens its position with key acquisitions in healthcare and travel.
WEX gained 12.1% in the past year compared with its industry’s increase of 16.7% in the same time frame.
Factors in Favor
WEX's organic growth, driven by its extensive network, transaction volume, product excellence and strategic efforts, fuels solid revenue and earnings growth. Payment processing demand and operational efficiency are key contributors. Strategic acquisitions enhance scalability and product offerings. Optimistic about organic growth in all segments, we forecast 4.9% earnings per share (EPS) growth in 2023 and 10.8% EPS growth in 2024.
WEX Inc. Price
WEX Inc. price | WEX Inc. Quote
Recently, WEX has announced a definitive agreement to acquire Payzer, a cloud-based field service management software provider. This move aligns with WEX's growth strategy, thus expanding its product suite and creating cross-sell opportunities for its 150,000 small business customers in field service. Other acquisitions, such as the 2021 HealthcareBank division deal, enhance WEX's role in customer-directed healthcare. The benefitexpress acquisition in 2020 strengthens WEX's position in the healthcare ecosystem by combining benefit administration, compliance services, and consumer-directed health and lifestyle spending accounts. Strategic acquisitions of eNett and Optal in 2020 reinforce WEX's presence in the global travel marketplace.
WEX's revenue stability stems from high-quality products, services and a deep understanding of customer needs. Long-term strategic relationships, multi-year contracts and high renewal rates further contribute to this stability. With a large customer base and key partnerships, the company's healthy customer retention is driven by private-label portfolios and value-added offerings. Our 2023 revenue estimate for WEX is $2.5 billion, reflecting a 6.4% increase from the previous year.
Factors Against
WEX's current ratio at the end of third-quarter 2023 was pegged at 1.03, lower than the current ratio of 1.04 reported at the end of the previous quarter and 1.12 reported at the end of the year-ago quarter. This is less than the Financial Transaction Services industry’s current ratio of 1.25 during the second quarter of 2023. Decreasing the current ratio does not bode well.
WEX currently holds a Zacks Rank #3 (Hold).
Stocks to Consider
Here are a few better-ranked stocks from the Business Services sector:
Gartner IT: The Zacks Consensus Estimate of Gartner’s 2023 revenues indicates 7.9% growth from the year-ago figure, while earnings are expected to decline 1.9%. The company has beaten the consensus estimate in all four quarters, with an average surprise of 34.4%.
IT sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
DocuSign DOCU: The Zacks Consensus Estimate of DOCU’s 2023 revenues indicates 8.6% growth from the year-ago figure, while earnings are expected to grow 29.1%. The company has beaten the consensus estimate in all four quarters, the average surprise being 27.1%.
DOCU holds a Zacks Rank #2 (Buy).
Broadridge Financial Solutions BR: The Zacks Consensus Estimate of Broadridge’s 2023 revenues indicates 7.7% growth from the year-ago figure, while earnings are expected to grow 10.1%. The company has beaten the consensus estimate in three of the past four quarters and matched on one instance, the average surprise being 5.4%.
BR holds a Zacks Rank of 2.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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
Broadridge Financial Solutions, Inc. (BR) : Free Stock Analysis Report
Gartner, Inc. (IT) : Free Stock Analysis Report
WEX Inc. (WEX) : Free Stock Analysis Report
DocuSign (DOCU) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This move aligns with WEX's growth strategy, thus expanding its product suite and creating cross-sell opportunities for its 150,000 small business customers in field service. The benefitexpress acquisition in 2020 strengthens WEX's position in the healthcare ecosystem by combining benefit administration, compliance services, and consumer-directed health and lifestyle spending accounts. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys."
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Stocks to Consider Here are a few better-ranked stocks from the Business Services sector: Gartner IT: The Zacks Consensus Estimate of Gartner’s 2023 revenues indicates 7.9% growth from the year-ago figure, while earnings are expected to decline 1.9%. Broadridge Financial Solutions BR: The Zacks Consensus Estimate of Broadridge’s 2023 revenues indicates 7.7% growth from the year-ago figure, while earnings are expected to grow 10.1%. Click to get this free report Broadridge Financial Solutions, Inc. (BR) : Free Stock Analysis Report Gartner, Inc. (IT) : Free Stock Analysis Report WEX Inc. (WEX) : Free Stock Analysis Report DocuSign (DOCU) : Free Stock Analysis Report To read this article on Zacks.com click here.
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WEX Inc. Price WEX Inc. price | WEX Inc. Quote Recently, WEX has announced a definitive agreement to acquire Payzer, a cloud-based field service management software provider. Stocks to Consider Here are a few better-ranked stocks from the Business Services sector: Gartner IT: The Zacks Consensus Estimate of Gartner’s 2023 revenues indicates 7.9% growth from the year-ago figure, while earnings are expected to decline 1.9%. Click to get this free report Broadridge Financial Solutions, Inc. (BR) : Free Stock Analysis Report Gartner, Inc. (IT) : Free Stock Analysis Report WEX Inc. (WEX) : Free Stock Analysis Report DocuSign (DOCU) : Free Stock Analysis Report To read this article on Zacks.com click here.
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WEX Inc. WEX's robust organic growth and strategic acquisitions drive revenues and earnings. This is less than the Financial Transaction Services industry’s current ratio of 1.25 during the second quarter of 2023. Stocks to Consider Here are a few better-ranked stocks from the Business Services sector: Gartner IT: The Zacks Consensus Estimate of Gartner’s 2023 revenues indicates 7.9% growth from the year-ago figure, while earnings are expected to decline 1.9%.
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210f56b4-1256-4aa9-8298-37c72e00eaa8
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714636.0
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2023-12-06 00:00:00 UTC
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Seeking Clues to Oracle (ORCL) Q2 Earnings? A Peek Into Wall Street Projections for Key Metrics
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https://www.nasdaq.com/articles/seeking-clues-to-oracle-orcl-q2-earnings-a-peek-into-wall-street-projections-for-key
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Wall Street analysts expect Oracle (ORCL) to post quarterly earnings of $1.32 per share in its upcoming report, which indicates a year-over-year increase of 9.1%. Revenues are expected to be $13.05 billion, up 6.3% from the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
In light of this perspective, let's dive into the average estimates of certain Oracle metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts expect 'Revenue- Cloud license and on-premise license' to come in at $1.22 billion. The estimate suggests a change of -15.2% year over year.
The average prediction of analysts places 'Revenue- Hardware' at $752.47 million. The estimate indicates a change of -11.5% from the prior-year quarter.
Analysts predict that the 'Revenue- Services' will reach $1.41 billion. The estimate suggests a change of +1.4% year over year.
The consensus among analysts is that 'Revenue- Cloud services and license support' will reach $10.72 billion. The estimate indicates a year-over-year change of +24.7%.
View all Key Company Metrics for Oracle here>>>
Over the past month, shares of Oracle have returned +5.1% versus the Zacks S&P 500 composite's +5.1% change. Currently, ORCL carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Oracle Corporation (ORCL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Wall Street analysts expect Oracle (ORCL) to post quarterly earnings of $1.32 per share in its upcoming report, which indicates a year-over-year increase of 9.1%. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock. While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
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Wall Street analysts expect Oracle (ORCL) to post quarterly earnings of $1.32 per share in its upcoming report, which indicates a year-over-year increase of 9.1%. While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights. Click to get this free report Oracle Corporation (ORCL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Wall Street analysts expect Oracle (ORCL) to post quarterly earnings of $1.32 per share in its upcoming report, which indicates a year-over-year increase of 9.1%. While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come.
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Wall Street analysts expect Oracle (ORCL) to post quarterly earnings of $1.32 per share in its upcoming report, which indicates a year-over-year increase of 9.1%. View all Key Company Metrics for Oracle here>>> You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come.
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560c4571-d2fc-4a09-9251-64dcef587f26
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714637.0
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2023-12-06 00:00:00 UTC
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Does Silence Therapeutics PLC Sponsored ADR (SLN) Have the Potential to Rally 187.05% as Wall Street Analysts Expect?
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DCOMP
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https://www.nasdaq.com/articles/does-silence-therapeutics-plc-sponsored-adr-sln-have-the-potential-to-rally-187.05-as-wall
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nan
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nan
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Silence Therapeutics PLC Sponsored ADR (SLN) closed the last trading session at $14.05, gaining 43.4% 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 $40.33 indicates an 187.1% upside potential.
The mean estimate comprises three short-term price targets with a standard deviation of $30.17. While the lowest estimate of $20 indicates a 42.4% increase from the current price level, the most optimistic analyst expects the stock to surge 433.8% to reach $75. 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 SLN, 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 SLN Could Witness a Solid Upside
Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason to expect an upside in the stock. That's because empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Over the last 30 days, the Zacks Consensus Estimate for the current year has increased 17.4%, as four estimates have moved higher compared to no negative revision.
Moreover, SLN 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 SLN could gain, the direction of price movement it implies does appear to be a good guide.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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
Silence Therapeutics PLC Sponsored ADR (SLN) : 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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Silence Therapeutics PLC Sponsored ADR (SLN) closed the last trading session at $14.05, gaining 43.4% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
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That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. That's because empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Click to get this free report Silence Therapeutics PLC Sponsored ADR (SLN) : 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 SLN could gain, the direction of price movement it implies does appear to be a good guide.
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The mean price target of $40.33 indicates an 187.1% 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 SLN could gain, the direction of price movement it implies does appear to be a good guide. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research?
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1fa6ea0d-b3ca-4870-91da-42d3655dee45
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714638.0
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2023-12-06 00:00:00 UTC
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Wall Street Analysts Predict a 30.17% Upside in Griffon (GFF): Here's What You Should Know
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DCOMP
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https://www.nasdaq.com/articles/wall-street-analysts-predict-a-30.17-upside-in-griffon-gff%3A-heres-what-you-should-know
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nan
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nan
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Griffon (GFF) closed the last trading session at $49.36, gaining 15.6% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $64.25 indicates a 30.2% upside potential.
The average comprises four short-term price targets ranging from a low of $55 to a high of $72, with a standard deviation of $8.10. While the lowest estimate indicates an increase of 11.4% from the current price level, the most optimistic estimate points to a 45.9% 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 GFF, 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 GFF
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, two estimates have moved higher over the last 30 days compared to no negative revision. As a result, the Zacks Consensus Estimate has increased 2.9%.
Moreover, GFF 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 GFF could gain, the direction of price movement it implies does appear to be a good guide.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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
Griffon Corporation (GFF) : 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.
|
Griffon (GFF) closed the last trading session at $49.36, gaining 15.6% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
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Griffon (GFF) closed the last trading session at $49.36, gaining 15.6% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. Here's Why There Could be Plenty of Upside Left in GFF 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.
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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 GFF could gain, the direction of price movement it implies does appear to be a good guide.
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The mean price target of $64.25 indicates a 30.2% upside potential. Here's Why There Could be Plenty of Upside Left in GFF 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. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research?
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17f9f8aa-50af-4ac2-934b-f82c497354f7
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714639.0
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2023-12-06 00:00:00 UTC
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Wall Street Analysts Think CRISPR Therapeutics AG (CRSP) Could Surge 27.15%: Read This Before Placing a Bet
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DCOMP
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https://www.nasdaq.com/articles/wall-street-analysts-think-crispr-therapeutics-ag-crsp-could-surge-27.15%3A-read-this-before
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nan
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nan
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Shares of CRISPR Therapeutics AG (CRSP) have gained 20.5% over the past four weeks to close the last trading session at $70.60, 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 $89.77 indicates a potential upside of 27.2%.
The mean estimate comprises 22 short-term price targets with a standard deviation of $44.26. While the lowest estimate of $42 indicates a 40.5% decline from the current price level, the most optimistic analyst expects the stock to surge 211.6% to reach $220. 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 CRSP, 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 CRSP
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 27.6%, as 12 estimates have moved higher while one has gone lower.
Moreover, CRSP 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 CRSP could gain, the direction of price movement it implies does appear to be a good guide.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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
CRISPR Therapeutics AG (CRSP) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Shares of CRISPR Therapeutics AG (CRSP) have gained 20.5% over the past four weeks to close the last trading session at $70.60, 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.
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Shares of CRISPR Therapeutics AG (CRSP) have gained 20.5% over the past four weeks to close the last trading session at $70.60, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. 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 CRISPR Therapeutics AG (CRSP) : 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 CRSP could gain, the direction of price movement it implies does appear to be a good guide.
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Going by the price targets, the mean estimate of $89.77 indicates a potential upside of 27.2%. 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 CRSP could gain, the direction of price movement it implies does appear to be a good guide. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research?
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7a8b0c88-a0f0-451f-92b5-9877232e11ca
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714640.0
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2023-12-06 00:00:00 UTC
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PENN Entertainment (PENN) Partners With Quail Hollow Club
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DCOMP
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https://www.nasdaq.com/articles/penn-entertainment-penn-partners-with-quail-hollow-club
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nan
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nan
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PENN Entertainment, Inc. PENN has unveiled a game-changing strategic partnership with Quail Hollow Club and Wells Fargo Championship, setting the stage for ESPN BET's foray into North Carolina's online sports wagering landscape.
The agreement secures market access for PENN's ESPN BET platform in the state, pending regulatory approval. This move aligns with ESPN BET's nationwide expansion strategy, marking a significant step toward dominating the emerging market.
As part of the deal, ESPN BET will assume the coveted role of the exclusive official betting operator for Wells Fargo Championship, a prestigious PGA TOUR Signature Event hosted at Quail Hollow Club in Charlotte, N.C. Along with positioning ESPN BET as a key player in the world of golf betting, it opens doors to a plethora of marketing opportunities. The sportsbook gains rights to activate and engage golf enthusiasts on-site during the tournament, leveraging ESPN's powerful brand and PENN Entertainment's operational prowess.
ESPN BET, which made its debut in 17 states on November 14, represents a fusion of ESPN's renowned brand and PENN’s cutting-edge technology. This strategic collaboration solidifies PENN's position in the rapidly evolving sports wagering landscape, offering a compelling investment opportunity for those eyeing the convergence of entertainment and online betting. As regulatory approvals unfold, PENN is poised to capitalize on the thriving market in North Carolina, further enhancing its footprint in the online sports betting arena.
Image Source: Zacks Investment Research
Stock Performance
Shares of the company have gained 8.7% in the past three months compared with the industry’s 2% growth.
Management emphasizes reimaging its properties with best-in-class retail sports books, new games, refreshed hotel offerings and new third-party restaurant concepts to drive growth. Also, focus on strategic alliances bodes well. In the future, it expects amalgamation to pave the path for new customer acquisition and organic cross-selling opportunities.
The company currently has a Zacks Rank #3 (Hold).
Key Picks
Some better-ranked stocks in the Zacks Consumer Discretionary sector are:
Royal Caribbean Cruises Ltd. RCL sports a Zacks Rank #1 (Strong Buy). RCL has a trailing four-quarter earnings surprise of 28.3% on average. Shares of RCL have surged 102.1% in the past year. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for RCL’s 2023 sales and earnings per share (EPS) indicates a rise of 57.7% and 187.9%, respectively, from the year-ago levels.
Live Nation Entertainment, Inc. LYV flaunts a Zacks Rank #1. It has a trailing four-quarter earnings surprise of 37.5% on average. Shares of LYV have increased 14.4% in the past year.
The Zacks Consensus Estimate for LYV’s 2023 sales and EPS suggests an improvement of 28.7% and 137.5%, respectively, from the prior-year levels.
Skechers U.S.A., Inc. SKX carries a Zacks Rank #2 (Buy). It has a trailing four-quarter earnings surprise of 50.3% on average. Shares of SKX have jumped 40.8% in the past year.
The Zacks Consensus Estimate for SKX’s 2023 sales and EPS implies a climb of 8.2% and 44.5%, respectively, from the year-earlier levels.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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
Royal Caribbean Cruises Ltd. (RCL) : Free Stock Analysis Report
Skechers U.S.A., Inc. (SKX) : Free Stock Analysis Report
PENN Entertainment, Inc. (PENN) : Free Stock Analysis Report
Live Nation Entertainment, Inc. (LYV) : 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 sportsbook gains rights to activate and engage golf enthusiasts on-site during the tournament, leveraging ESPN's powerful brand and PENN Entertainment's operational prowess. This strategic collaboration solidifies PENN's position in the rapidly evolving sports wagering landscape, offering a compelling investment opportunity for those eyeing the convergence of entertainment and online betting. Management emphasizes reimaging its properties with best-in-class retail sports books, new games, refreshed hotel offerings and new third-party restaurant concepts to drive growth.
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PENN Entertainment, Inc. PENN has unveiled a game-changing strategic partnership with Quail Hollow Club and Wells Fargo Championship, setting the stage for ESPN BET's foray into North Carolina's online sports wagering landscape. Royal Caribbean Cruises Ltd. RCL sports a Zacks Rank #1 (Strong Buy). Click to get this free report Royal Caribbean Cruises Ltd. (RCL) : Free Stock Analysis Report Skechers U.S.A., Inc. (SKX) : Free Stock Analysis Report PENN Entertainment, Inc. (PENN) : Free Stock Analysis Report Live Nation Entertainment, Inc. (LYV) : Free Stock Analysis Report To read this article on Zacks.com click here.
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PENN Entertainment, Inc. PENN has unveiled a game-changing strategic partnership with Quail Hollow Club and Wells Fargo Championship, setting the stage for ESPN BET's foray into North Carolina's online sports wagering landscape. Image Source: Zacks Investment Research Stock Performance Shares of the company have gained 8.7% in the past three months compared with the industry’s 2% growth. Click to get this free report Royal Caribbean Cruises Ltd. (RCL) : Free Stock Analysis Report Skechers U.S.A., Inc. (SKX) : Free Stock Analysis Report PENN Entertainment, Inc. (PENN) : Free Stock Analysis Report Live Nation Entertainment, Inc. (LYV) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The agreement secures market access for PENN's ESPN BET platform in the state, pending regulatory approval. The Zacks Consensus Estimate for RCL’s 2023 sales and earnings per share (EPS) indicates a rise of 57.7% and 187.9%, respectively, from the year-ago levels. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research?
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618f9c1c-f7ae-4b28-b130-99d0d6dc4448
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714641.0
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2023-12-06 00:00:00 UTC
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Wall Street Analysts See a 28.81% Upside in UMH (UMH): Can the Stock Really Move This High?
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DCOMP
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https://www.nasdaq.com/articles/wall-street-analysts-see-a-28.81-upside-in-umh-umh%3A-can-the-stock-really-move-this-high
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nan
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nan
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Shares of UMH Properties (UMH) have gained 0.1% over the past four weeks to close the last trading session at $14.75, 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 $19 indicates a potential upside of 28.8%.
The mean estimate comprises five short-term price targets with a standard deviation of $1.22. While the lowest estimate of $17 indicates a 15.3% increase from the current price level, the most optimistic analyst expects the stock to surge 35.6% to reach $20. 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 UMH, 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 UMH
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 1.8%, as one estimate has moved higher compared to no negative revision.
Moreover, UMH 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 UMH could gain, the direction of price movement it implies does appear to be a good guide.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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
UMH Properties, Inc. (UMH) : 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 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. Here's Why There Could be Plenty of Upside Left in UMH 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.
|
Shares of UMH Properties (UMH) have gained 0.1% over the past four weeks to close the last trading session at $14.75, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. 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 UMH Properties, Inc. (UMH) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Here's What You May Not Know About Analysts' Price Targets According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. 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 UMH could gain, the direction of price movement it implies does appear to be a good guide.
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Going by the price targets, the mean estimate of $19 indicates a potential upside of 28.8%. 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. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research?
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0b1cd2ca-8b4e-405a-b441-632490d8b5e6
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714642.0
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2023-12-06 00:00:00 UTC
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Granite (GVA) Buys Lehman-Roberts & Memphis Stone & Gravel
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DCOMP
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https://www.nasdaq.com/articles/granite-gva-buys-lehman-roberts-memphis-stone-gravel
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nan
|
nan
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Granite Construction Incorporated GVA has successfully acquired Lehman-Roberts Company (“LRC”) and Memphis Stone & Gravel Company (“MSG”), bolstering its presence in the Memphis metropolitan market. LRC, operating seven asphalt plants, and MSG, with three sand and gravel mines, bring a wealth of proven and probable reserves to Granite's portfolio.
Led by Pat Nelson, the senior leadership team of the acquired companies will continue to drive success within the Granite group.
This strategic move aligns with Granite's focus on developing home markets through partnerships with successful, scalable entities. The acquisition, financed through a $150 million term loan and Granite's existing resources, has prompted an upward revision of the 2024 revenue target in the range of $3.8 billion-$4.0 billion.
Granite anticipates the acquisition to be accretive to EBITDA, reinforcing its commitment to a 2024 adjusted EBITDA margin range of 9%-11%. The infusion of Lehman-Roberts and Memphis Stone & Gravel sets the stage for Granite to capitalize on the burgeoning demand for asphalt and aggregates in the Southeast.
As the construction industry continues to evolve, Granite's strategic expansion positions it as a formidable player in the market. The company's foresight in growing through targeted acquisitions underscores its commitment to delivering value to shareholders and stakeholders alike.
The company has been bolstering its materials business through both greenfield and bolt-on investments, and improved segment margins.
Image Source: Zacks Investment Research
Shares of GVA have rallied 34.2% year to date, outperforming the Zacks Building Products - Heavy Construction industry’s 17.4% rise. The consistent award wins have been driving GVA’s performance. The company is focused on growing a high-quality Committed and Awarded Projects or CAP portfolio on the back of a positive public funding environment and resilient private market.
Zacks Rank
Granite currently sports a Zacks Rank #1 (Strong Buy).
Key Picks
Here are some other top-ranked stocks from the Zacks Construction sector:
Acuity Brands, Inc. AYI currently carries a Zacks Rank of 2 (Buy). AYI delivered a trailing four-quarter earnings surprise of 12%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.
The stock has gained 9.8% year to date (YTD). The Zacks Consensus Estimate for AYI’s fiscal 2024 sales and EPS indicates a decline of 3% and 4.7%, respectively, from a year ago.
M-tron Industries, Inc. MPTI currently sports a Zacks Rank of 1. MPTI delivered a trailing four-quarter earnings surprise of 35.6%, on average. It has surged 297.6% YTD.
The Zacks Consensus Estimate for MPTI’s 2023 sales and EPS indicates growth of 30.6% and 156.7%, respectively, from the previous year.
EMCOR Group, Inc. EME presently sports a Zacks Rank of 1. It has a trailing four-quarter earnings surprise of 10.6%, on average. Shares of EME have rallied 42.9% YTD.
The Zacks Consensus Estimate for EME’s 2023 sales and EPS indicates an improvement of 12% and 52.8%, respectively, from the prior-year levels.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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
EMCOR Group, Inc. (EME) : Free Stock Analysis Report
Granite Construction Incorporated (GVA) : Free Stock Analysis Report
Acuity Brands Inc (AYI) : Free Stock Analysis Report
M-tron Industries, Inc. (MPTI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
LRC, operating seven asphalt plants, and MSG, with three sand and gravel mines, bring a wealth of proven and probable reserves to Granite's portfolio. The acquisition, financed through a $150 million term loan and Granite's existing resources, has prompted an upward revision of the 2024 revenue target in the range of $3.8 billion-$4.0 billion. The company is focused on growing a high-quality Committed and Awarded Projects or CAP portfolio on the back of a positive public funding environment and resilient private market.
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Granite Construction Incorporated GVA has successfully acquired Lehman-Roberts Company (“LRC”) and Memphis Stone & Gravel Company (“MSG”), bolstering its presence in the Memphis metropolitan market. Image Source: Zacks Investment Research Shares of GVA have rallied 34.2% year to date, outperforming the Zacks Building Products - Heavy Construction industry’s 17.4% rise. Click to get this free report EMCOR Group, Inc. (EME) : Free Stock Analysis Report Granite Construction Incorporated (GVA) : Free Stock Analysis Report Acuity Brands Inc (AYI) : Free Stock Analysis Report M-tron Industries, Inc. (MPTI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Image Source: Zacks Investment Research Shares of GVA have rallied 34.2% year to date, outperforming the Zacks Building Products - Heavy Construction industry’s 17.4% rise. Zacks Rank Granite currently sports a Zacks Rank #1 (Strong Buy). Click to get this free report EMCOR Group, Inc. (EME) : Free Stock Analysis Report Granite Construction Incorporated (GVA) : Free Stock Analysis Report Acuity Brands Inc (AYI) : Free Stock Analysis Report M-tron Industries, Inc. (MPTI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Granite Construction Incorporated GVA has successfully acquired Lehman-Roberts Company (“LRC”) and Memphis Stone & Gravel Company (“MSG”), bolstering its presence in the Memphis metropolitan market. Acuity Brands, Inc. AYI currently carries a Zacks Rank of 2 (Buy). Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research?
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ece42563-149d-49b4-bc6d-014e4b8d661e
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714643.0
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2023-12-06 00:00:00 UTC
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Wall Street Analysts Believe Caribou Biosciences, Inc. (CRBU) Could Rally 285.29%: Here's is How to Trade
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DCOMP
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https://www.nasdaq.com/articles/wall-street-analysts-believe-caribou-biosciences-inc.-crbu-could-rally-285.29%3A-heres-is
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nan
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nan
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Caribou Biosciences, Inc. (CRBU) closed the last trading session at $5.71, gaining 19.7% 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 $22 indicates a 285.3% upside potential.
The mean estimate comprises eight short-term price targets with a standard deviation of $4.93. While the lowest estimate of $13 indicates a 127.7% increase from the current price level, the most optimistic analyst expects the stock to surge 425.4% 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 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 CRBU, 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 CRBU
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, three estimates have moved higher over the last 30 days while one has gone lower. As a result, the Zacks Consensus Estimate has increased 10%.
Moreover, CRBU 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 CRBU could gain, the direction of price movement it implies does appear to be a good guide.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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
Caribou Biosciences, Inc. (CRBU) : 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.
|
Caribou Biosciences, Inc. (CRBU) closed the last trading session at $5.71, gaining 19.7% 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.
|
Caribou Biosciences, Inc. (CRBU) closed the last trading session at $5.71, gaining 19.7% 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 CRBU 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 CRBU could gain, the direction of price movement it implies does appear to be a good guide.
|
The mean price target of $22 indicates a 285.3% upside potential. Strong agreement among analysts about the company's ability to report better earnings than they predicted earlier strengthens this view. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research?
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0f2e6a59-98f3-48ca-ba44-b9b082b2431e
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714644.0
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2023-12-06 00:00:00 UTC
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Does Zuora (ZUO) Have the Potential to Rally 37.97% as Wall Street Analysts Expect?
|
DCOMP
|
https://www.nasdaq.com/articles/does-zuora-zuo-have-the-potential-to-rally-37.97-as-wall-street-analysts-expect
|
nan
|
nan
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Shares of Zuora (ZUO) have gained 15.7% over the past four weeks to close the last trading session at $9.06, 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 $12.50 indicates a potential upside of 38%.
The average comprises seven short-term price targets ranging from a low of $9 to a high of $16, with a standard deviation of $2.53. While the lowest estimate indicates a decline of 0.7% from the current price level, the most optimistic estimate points to a 76.6% 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.
However, an impressive consensus price target is not the only factor that indicates a potential upside in ZUO. 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.
Why ZUO Could Witness a Solid Upside
Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason to expect an upside in the stock. That's because empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
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 10.9%.
Moreover, ZUO 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 ZUO could gain, the direction of price movement it implies does appear to be a good guide.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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
Zuora, Inc. (ZUO) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Shares of Zuora (ZUO) have gained 15.7% over the past four weeks to close the last trading session at $9.06, 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. That's because 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 ZUO could gain, the direction of price movement it implies does appear to be a good guide.
|
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 ZUO 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 $12.50 indicates a potential upside of 38%. However, an impressive consensus price target is not the only factor that indicates a potential upside in ZUO. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research?
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4168a3fa-e287-4260-822e-f22261934c1a
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714645.0
|
2023-12-06 00:00:00 UTC
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How Much Upside is Left in Wayfair (W)? Wall Street Analysts Think 25.9%
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DCOMP
|
https://www.nasdaq.com/articles/how-much-upside-is-left-in-wayfair-w-wall-street-analysts-think-25.9
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nan
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nan
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Shares of Wayfair (W) have gained 20.1% over the past four weeks to close the last trading session at $55.63, 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 $70.04 indicates a potential upside of 25.9%.
The average comprises 28 short-term price targets ranging from a low of $44 to a high of $110, with a standard deviation of $16.61. While the lowest estimate indicates a decline of 20.9% from the current price level, the most optimistic estimate points to a 97.7% 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 W. This view is strengthened by the agreement among analysts that the company will report better earnings than what they estimated earlier. Though a positive trend in earnings estimate revisions doesn't give any idea as to how much the stock could surge, it has proven effective in predicting an upside.
Here's What You May Not Know About Analysts' Price Targets
According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.
While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?
They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.
However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.
Why W Could Witness a Solid Upside
Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason to expect an upside in the stock. That's because empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Over the last 30 days, the Zacks Consensus Estimate for the current year has increased 2.6%, as one estimate has moved higher compared to no negative revision.
Moreover, W 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 W could gain, the direction of price movement it implies does appear to be a good guide.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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
Wayfair Inc. (W) : 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 Wayfair (W) have gained 20.1% over the past four weeks to close the last trading session at $55.63, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
|
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. That's because empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. 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 W 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 W 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 $70.04 indicates a potential upside of 25.9%. However, an impressive consensus price target is not the only factor that indicates a potential upside in W. This view is strengthened by the agreement among analysts that the company will report better earnings than what they estimated earlier. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research?
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09944c5c-208a-4208-94da-1cbe0eb66490
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714646.0
|
2023-12-06 00:00:00 UTC
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Wall Street Analysts See a 25.69% Upside in Legacy Housing (LEGH): Can the Stock Really Move This High?
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DCOMP
|
https://www.nasdaq.com/articles/wall-street-analysts-see-a-25.69-upside-in-legacy-housing-legh%3A-can-the-stock-really-move
|
nan
|
nan
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Shares of Legacy Housing (LEGH) have gained 19.8% over the past four weeks to close the last trading session at $22.54, 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 $28.33 indicates a potential upside of 25.7%.
The average comprises three short-term price targets ranging from a low of $24 to a high of $31, with a standard deviation of $3.79. While the lowest estimate indicates an increase of 6.5% from the current price level, the most optimistic estimate points to a 37.5% 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 LEGH. This view is strengthened by the agreement among analysts that the company will report better earnings than what they estimated earlier. Though a positive trend in earnings estimate revisions doesn't give any idea as to how much the stock could surge, it has proven effective in predicting an upside.
Here's What You May Not Know About Analysts' Price Targets
According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.
While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?
They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.
However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.
Why LEGH Could Witness a Solid Upside
Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason to expect an upside in the stock. That's because empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Over the last 30 days, the Zacks Consensus Estimate for the current year has increased 5.9%, as two estimates have moved higher compared to no negative revision.
Moreover, LEGH 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 LEGH could gain, the direction of price movement it implies does appear to be a good guide.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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
Legacy Housing Corporation (LEGH) : 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 Legacy Housing (LEGH) have gained 19.8% over the past four weeks to close the last trading session at $22.54, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
|
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. That's because empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. 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 LEGH 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 LEGH 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 $28.33 indicates a potential upside of 25.7%. Why LEGH Could Witness a Solid Upside Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason to expect an upside in the stock. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research?
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ddec6300-c42c-423c-bdfe-421c6aafafe0
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714647.0
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2023-12-06 00:00:00 UTC
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How Much Upside is Left in ClearPoint Neuro, Inc. (CLPT)? Wall Street Analysts Think 48.77%
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DCOMP
|
https://www.nasdaq.com/articles/how-much-upside-is-left-in-clearpoint-neuro-inc.-clpt-wall-street-analysts-think-48.77
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nan
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nan
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Shares of ClearPoint Neuro, Inc. (CLPT) have gained 6% over the past four weeks to close the last trading session at $6.50, 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 $9.67 indicates a potential upside of 48.8%.
The mean estimate comprises three short-term price targets with a standard deviation of $1.53. While the lowest estimate of $8 indicates a 23.1% increase from the current price level, the most optimistic analyst expects the stock to surge 69.2% to reach $11. 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.
But, for CLPT, 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 CLPT Could Witness a Solid Upside
Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason to expect an upside in the stock. That's because empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current year, two estimates have moved higher over the last 30 days compared to no negative revision. As a result, the Zacks Consensus Estimate has increased 9.3%.
Moreover, CLPT 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 CLPT could gain, the direction of price movement it implies does appear to be a good guide.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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
ClearPoint Neuro, Inc. (CLPT) : 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 ClearPoint Neuro, Inc. (CLPT) have gained 6% over the past four weeks to close the last trading session at $6.50, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
|
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. That's because empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Click to get this free report ClearPoint Neuro, Inc. (CLPT) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Here's What You May Not Know About Analysts' Price Targets According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. 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 CLPT 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 $9.67 indicates a potential upside of 48.8%. 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 CLPT could gain, the direction of price movement it implies does appear to be a good guide. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research?
|
215610d9-4f70-482e-81f9-af459fd69cc2
|
714648.0
|
2023-12-06 00:00:00 UTC
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How Much Upside is Left in Methanex (MEOH)? Wall Street Analysts Think 25.6%
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DCOMP
|
https://www.nasdaq.com/articles/how-much-upside-is-left-in-methanex-meoh-wall-street-analysts-think-25.6
|
nan
|
nan
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Shares of Methanex (MEOH) have gained 1.7% over the past four weeks to close the last trading session at $42.34, 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 $53.18 indicates a potential upside of 25.6%.
The mean estimate comprises 11 short-term price targets with a standard deviation of $7.14. While the lowest estimate of $45 indicates a 6.3% increase from the current price level, the most optimistic analyst expects the stock to surge 53.5% to reach $65. 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 MEOH, 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 MEOH
There has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. And that could be a legitimate reason to expect an upside in the stock. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
The Zacks Consensus Estimate for the current year has increased 2.9% over the past month, as one estimate has gone higher compared to no negative revision.
Moreover, MEOH 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 MEOH could gain, the direction of price movement it implies does appear to be a good guide.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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
Methanex Corporation (MEOH) : 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 Methanex (MEOH) have gained 1.7% over the past four weeks to close the last trading session at $42.34, 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.
|
Shares of Methanex (MEOH) have gained 1.7% over the past four weeks to close the last trading session at $42.34, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. 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.
|
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 MEOH 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 $53.18 indicates a potential upside of 25.6%. 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 MEOH could gain, the direction of price movement it implies does appear to be a good guide. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research?
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4f50443d-02a0-4607-b7f7-1bb1ada61254
|
714649.0
|
2023-12-06 00:00:00 UTC
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Premier Financial (PFC) Just Flashed Golden Cross Signal: Do You Buy?
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DCOMP
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https://www.nasdaq.com/articles/premier-financial-pfc-just-flashed-golden-cross-signal%3A-do-you-buy
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nan
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nan
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Premier Financial Corp. (PFC) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, PFC's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross."
Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day and the 200-day, since bigger time periods tend to form stronger breakouts.
Golden crosses have three key stages that investors look out for. It starts with a downtrend in a stock's price that eventually bottoms out, followed by the stock's shorter moving average crossing over its longer moving average and triggering a trend reversal. The final stage is when a stock continues the upward climb to higher prices.
A golden cross contrasts with a death cross, another widely-followed chart pattern that suggests bearish momentum could be on the horizon.
Shares of PFC have been moving higher over the past four weeks, up 11.3%. Plus, the company is currently a #2 (Buy) on the Zacks Rank, suggesting that PFC could be poised for a breakout.
The bullish case only gets stronger once investors take into account PFC's positive earnings outlook for the current quarter. There have been 2 upwards revisions compared to none lower over the past 60 days, and the Zacks Consensus Estimate has moved up as well.
Investors may want to watch PFC for more gains in the near future given the company's key technical level and positive earnings estimate revisions.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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
Premier Financial Corp. (PFC) : 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.
|
Premier Financial Corp. (PFC) reached a significant support level, and could be a good pick for investors from a technical perspective. Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day and the 200-day, since bigger time periods tend to form stronger breakouts. Investors may want to watch PFC for more gains in the near future given the company's key technical level and positive earnings estimate revisions.
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Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day and the 200-day, since bigger time periods tend to form stronger breakouts. Investors may want to watch PFC for more gains in the near future given the company's key technical level and positive earnings estimate revisions. Click to get this free report Premier Financial Corp. (PFC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Recently, PFC's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross." Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day and the 200-day, since bigger time periods tend to form stronger breakouts. It starts with a downtrend in a stock's price that eventually bottoms out, followed by the stock's shorter moving average crossing over its longer moving average and triggering a trend reversal.
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Recently, PFC's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross." Investors may want to watch PFC for more gains in the near future given the company's key technical level and positive earnings estimate revisions. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research?
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e07747fc-0440-415a-8412-e6e6169a9505
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714650.0
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2023-12-06 00:00:00 UTC
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Performance Food Group (PFGC) Just Flashed Golden Cross Signal: Do You Buy?
|
DCOMP
|
https://www.nasdaq.com/articles/performance-food-group-pfgc-just-flashed-golden-cross-signal%3A-do-you-buy
|
nan
|
nan
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Performance Food Group Company (PFGC) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, PFGC's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross."
There's a reason traders love a golden cross -- it's a technical chart pattern that can indicate a bullish breakout is on the horizon. This kind of crossover is formed when a stock's short-term moving average breaks above a longer-term moving average. Typically, a golden cross involves the 50-day and the 200-day moving averages, since bigger time periods tend to form stronger breakouts.
Golden crosses have three key stages that investors look out for. It starts with a downtrend in a stock's price that eventually bottoms out, followed by the stock's shorter moving average crossing over its longer moving average and triggering a trend reversal. The final stage is when a stock continues the upward climb to higher prices.
A golden cross contrasts with a death cross, another widely-followed chart pattern that suggests bearish momentum could be on the horizon.
PFGC has rallied 10% over the past four weeks, and the company is a #3 (Hold) on the Zacks Rank at the moment. This combination indicates PFGC could be poised for a breakout.
Once investors consider PFGC's positive earnings outlook for the current quarter, the bullish case only solidifies. No earnings estimate has gone lower in the past two months compared to 2 revisions higher, and the Zacks Consensus Estimate has increased as well.
Given this move in earnings estimates and the positive technical factor, investors may want to keep their eye on PFGC for more gains in the near future.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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
Performance Food Group Company (PFGC) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Typically, a golden cross involves the 50-day and the 200-day moving averages, since bigger time periods tend to form stronger breakouts. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys."
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Performance Food Group Company (PFGC) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, PFGC's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross." Click to get this free report Performance Food Group Company (PFGC) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Recently, PFGC's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross." It starts with a downtrend in a stock's price that eventually bottoms out, followed by the stock's shorter moving average crossing over its longer moving average and triggering a trend reversal. Click to get this free report Performance Food Group Company (PFGC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Typically, a golden cross involves the 50-day and the 200-day moving averages, since bigger time periods tend to form stronger breakouts. Golden crosses have three key stages that investors look out for. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research?
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368e29e6-ed9c-4c6c-b20f-da3906ed1ff1
|
714651.0
|
2023-12-06 00:00:00 UTC
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Cabot (CBT) Just Flashed Golden Cross Signal: Do You Buy?
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DCOMP
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https://www.nasdaq.com/articles/cabot-cbt-just-flashed-golden-cross-signal%3A-do-you-buy
|
nan
|
nan
|
Cabot Corporation (CBT) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, CBT's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross."
Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day and the 200-day, since bigger time periods tend to form stronger breakouts.
Golden crosses have three key stages that investors look out for. It starts with a downtrend in a stock's price that eventually bottoms out, followed by the stock's shorter moving average crossing over its longer moving average and triggering a trend reversal. The final stage is when a stock continues the upward climb to higher prices.
A golden cross contrasts with a death cross, another widely-followed chart pattern that suggests bearish momentum could be on the horizon.
Shares of CBT have been moving higher over the past four weeks, up 6%. Plus, the company is currently a #3 (Hold) on the Zacks Rank, suggesting that CBT could be poised for a breakout.
The bullish case only gets stronger once investors take into account CBT's positive earnings outlook for the current quarter. There have been 2 upwards revisions compared to none lower over the past 60 days, and the Zacks Consensus Estimate has moved up as well.
Investors may want to watch CBT for more gains in the near future given the company's key technical level and positive earnings estimate revisions.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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
Cabot Corporation (CBT) : 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.
|
Cabot Corporation (CBT) reached a significant support level, and could be a good pick for investors from a technical perspective. Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day and the 200-day, since bigger time periods tend to form stronger breakouts. Investors may want to watch CBT for more gains in the near future given the company's key technical level and positive earnings estimate revisions.
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Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day and the 200-day, since bigger time periods tend to form stronger breakouts. Investors may want to watch CBT for more gains in the near future given the company's key technical level and positive earnings estimate revisions. Click to get this free report Cabot Corporation (CBT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Recently, CBT's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross." Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day and the 200-day, since bigger time periods tend to form stronger breakouts. It starts with a downtrend in a stock's price that eventually bottoms out, followed by the stock's shorter moving average crossing over its longer moving average and triggering a trend reversal.
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Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day and the 200-day, since bigger time periods tend to form stronger breakouts. Investors may want to watch CBT for more gains in the near future given the company's key technical level and positive earnings estimate revisions. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research?
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0bc09608-6e3f-4249-82e2-0358d76baf73
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714652.0
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2023-12-06 00:00:00 UTC
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Here's Why Chemomab Therapeutics Ltd. Sponsored ADR (CMMB) Is a Great 'Buy the Bottom' Stock Now
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https://www.nasdaq.com/articles/heres-why-chemomab-therapeutics-ltd.-sponsored-adr-cmmb-is-a-great-buy-the-bottom-stock
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Shares of Chemomab Therapeutics Ltd. Sponsored ADR (CMMB) have been struggling lately and have lost 11.6% over the past week. However, a hammer chart pattern was formed in its last trading session, which could mean that the stock found support with bulls being able to counteract the bears. So, it could witness a trend reversal down the road.
The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor that makes a bullish case for the stock. On the fundamental side, strong agreement among Wall Street analysts in raising earnings estimates for this company enhances its prospects of a trend reversal.
What is a Hammer Chart and How to Trade It?
This is one of the popular price patterns in candlestick charting. A minor difference between the opening and closing prices forms a small candle body, and a higher difference between the low of the day and the open or close forms a long lower wick (or vertical line). The length of the lower wick being at least twice the length of the real body, the candle resembles a 'hammer.'
In simple terms, during a downtrend, with bears having absolute control, a stock usually opens lower compared to the previous day's close, and again closes lower. On the day the hammer pattern is formed, maintaining the downtrend, the stock makes a new low. However, after eventually finding support at the low of the day, some amount of buying interest emerges, pushing the stock up to close the session near or slightly above its opening price.
When it occurs at the bottom of a downtrend, this pattern signals that the bears might have lost control over the price. And, the success of bulls in stopping the price from falling further indicates a potential trend reversal.
Hammer candles can occur on any timeframe -- such as one-minute, daily, weekly -- and are utilized by both short-term as well as long-term investors.
Like every technical indicator, the hammer chart pattern has its limitations. Particularly, as the strength of a hammer depends on its placement on the chart, it should always be used in conjunction with other bullish indicators.
Here's What Increases the Odds of a Turnaround for CMMB
An upward trend in earnings estimate revisions that CMMB has been witnessing lately can certainly be considered a bullish indicator on the fundamental side. That's because empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
The consensus EPS estimate for the current year has increased 8.3% over the last 30 days. This means that the Wall Street analysts covering CMMB are majorly in agreement about the company's potential to report better earnings than what they predicted earlier.
If this is not enough, you should note that CMMB currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. And stocks carrying a Zacks Rank #1 or 2 usually outperform the market. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Moreover, a Zacks Rank of 2 for Chemomab Therapeutics Ltd. Sponsored ADR is a more conclusive indication of a potential trend reversal, as the Zacks Rank has proven to be an excellent timing indicator that helps investors identify precisely when a company's prospects are beginning to improve.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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
Chemomab Therapeutics Ltd. Sponsored ADR (CMMB) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On the fundamental side, strong agreement among Wall Street analysts in raising earnings estimates for this company enhances its prospects of a trend reversal. However, after eventually finding support at the low of the day, some amount of buying interest emerges, pushing the stock up to close the session near or slightly above its opening price. This means that the Wall Street analysts covering CMMB are majorly in agreement about the company's potential to report better earnings than what they predicted earlier.
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On the fundamental side, strong agreement among Wall Street analysts in raising earnings estimates for this company enhances its prospects of a trend reversal. A minor difference between the opening and closing prices forms a small candle body, and a higher difference between the low of the day and the open or close forms a long lower wick (or vertical line). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Moreover, a Zacks Rank of 2 for Chemomab Therapeutics Ltd.
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If this is not enough, you should note that CMMB currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Moreover, a Zacks Rank of 2 for Chemomab Therapeutics Ltd. Sponsored ADR is a more conclusive indication of a potential trend reversal, as the Zacks Rank has proven to be an excellent timing indicator that helps investors identify precisely when a company's prospects are beginning to improve.
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Here's What Increases the Odds of a Turnaround for CMMB An upward trend in earnings estimate revisions that CMMB has been witnessing lately can certainly be considered a bullish indicator on the fundamental side. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Moreover, a Zacks Rank of 2 for Chemomab Therapeutics Ltd. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research?
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a8d77616-e29d-4d63-9148-d343530cbe65
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714653.0
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2023-12-06 00:00:00 UTC
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Why Brookfield Renewable Stock Surged More Than 16% in November
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DCOMP
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https://www.nasdaq.com/articles/why-brookfield-renewable-stock-surged-more-than-16-in-november
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Shares of Brookfield Renewable (NYSE: BEPC) rallied 16.6% in November, according to data provided by S&P Global Market Intelligence. Meanwhile, its economically equivalent twin, Brookfield Renewable Partners (NYSE: BEP), surged 18.2%. That was a nice bounce-back month for the Brookfield entities, which fell sharply in late September on concerns that higher interest rates might slow their growth. Those concerns faded last month after the company highlighted its growth opportunities.
Powerful growth, regardless of interest rates
Rising interest rates have weighed on the renewable energy sector this year. They've made it more expensive for some companies to finance new projects. That could slow the sector's growth. This factor has weighed on Brookfield Renewable's shares this year, especially after one of its peers, NextEra Energy Partners, slammed the brakes on its dividend growth forecast.
CEO Connor Teskey wrote about the factors contributing to the decline in the company's share price in his third-quarter letter to investors. He noted:
The renewables sector traded down in the public markets on the back of higher interest rates and a perceived tightening of industry margins. Even though we are well positioned to benefit in this environment, and insulated from the challenges that are seemingly impacting others in our sector, we have not been immune to the lower market prices. And while we are never pleased when our share price is down, we are long-term focused investors and we believe the outlook for our business is better than ever.
That's evident in its third-quarter results and outlook for the future. Brookfield's funds from operations (FFO) increased by 7% in the third quarter and is on track to grow by more than 10% this year. It's benefiting from strong organic growth drivers and acquisitions. The company recently completed several deals, which will boost its bottom line in 2023 and 2024.
Meanwhile, it's seeing no shortage of acquisition opportunities. While one needle-moving deal is on the verge of falling apart, Teskey noted in a press release acknowledging that situation that "We are seeing plentiful opportunities to deploy capital at or above our target returns, as demand for clean power from corporations continues to accelerate and access to capital is becoming increasingly scarce for some market participants." In other words, while lower interest rates might be slowing others down, it's providing Brookfield with more growth opportunities.
Is Brookfield Renewable still a buy after its big month?
Despite all the volatility, Brookfield Renewable's share price is only down slightly this year. However, when you add in its more than 10% earnings growth, the stock has gotten a lot cheaper. With even more growth ahead (including plans to continue increasing its 6.8%-yielding dividends), Brookfield Renewable should have the power to produce market-beating returns in the coming years. Because of that, it still looks like a buy, even after last month's rebound.
10 stocks we like better than Brookfield Renewable
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 Brookfield Renewable 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
Matthew DiLallo has positions in Brookfield Renewable, Brookfield Renewable Partners, and NextEra Energy Partners. The Motley Fool has positions in and recommends Brookfield Renewable. The Motley Fool recommends Brookfield Renewable Partners. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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That was a nice bounce-back month for the Brookfield entities, which fell sharply in late September on concerns that higher interest rates might slow their growth. This factor has weighed on Brookfield Renewable's shares this year, especially after one of its peers, NextEra Energy Partners, slammed the brakes on its dividend growth forecast. With even more growth ahead (including plans to continue increasing its 6.8%-yielding dividends), Brookfield Renewable should have the power to produce market-beating returns in the coming years.
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Powerful growth, regardless of interest rates Rising interest rates have weighed on the renewable energy sector this year. See the 10 stocks *Stock Advisor returns as of December 4, 2023 Matthew DiLallo has positions in Brookfield Renewable, Brookfield Renewable Partners, and NextEra Energy Partners. The Motley Fool recommends Brookfield Renewable Partners.
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Powerful growth, regardless of interest rates Rising interest rates have weighed on the renewable energy sector this year. This factor has weighed on Brookfield Renewable's shares this year, especially after one of its peers, NextEra Energy Partners, slammed the brakes on its dividend growth forecast. See the 10 stocks *Stock Advisor returns as of December 4, 2023 Matthew DiLallo has positions in Brookfield Renewable, Brookfield Renewable Partners, and NextEra Energy Partners.
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Those concerns faded last month after the company highlighted its growth opportunities. In other words, while lower interest rates might be slowing others down, it's providing Brookfield with more growth opportunities. With even more growth ahead (including plans to continue increasing its 6.8%-yielding dividends), Brookfield Renewable should have the power to produce market-beating returns in the coming years.
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7d2016be-d987-40e4-98ca-2015fc23a9b4
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714654.0
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2023-12-06 00:00:00 UTC
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If You Think Home Depot Stock Is Dead Money Now, You Might Be Blown Away by Its Eye-Popping Returns Over Time
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DCOMP
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https://www.nasdaq.com/articles/if-you-think-home-depot-stock-is-dead-money-now-you-might-be-blown-away-by-its-eye-popping
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Home Depot's (NYSE: HD) days of rapid growth are likely behind it. In recent years, it has added few locations as it has saturated its markets in the U.S. and Canada, and its previous plans to expand outside of North America did not work out.
The company's increasing revenue and rising payouts could still serve investors as a place to store wealth while deriving modest income. But the real lesson may come from its ability to derive massive returns over the years -- and how current investors can perhaps learn from its example as they size up younger companies today.
The growth of Home Depot
Investors who see Home Depot as a "keep you rich" stock may be surprised to see the returns it has made for its longtime investors. Its initial public offering (IPO) was in September 1981, only two years after opening its first two locations around Atlanta, Georgia.
Soon after, regional expansion gave way to a nationwide footprint and eventually moves into Canada and Mexico. Store counts, revenue, and stock prices grew throughout that time. Between the company's growth and numerous stock splits, Home Depot shares have experienced success that almost no other enterprise has matched. As a result, a $1,000 investment on its IPO day is worth nearly $16 million today.
HD data by YCharts
Incredibly, that figure does not include dividends. Dividend payments began in 1987 at a split-adjusted $0.00176 per share annually. That means today's dividend of $8.36 per share has risen by 4,750-fold. When including all payments, the total return comes to just under $26 million.
Can investors find the next Home Depot?
Investors may learn lessons that could help them find the next retail stock that can derive massive returns. Admittedly, they are unlikely to match Home Depot's cumulative return, even if they choose wisely.
Home Depot's archrival, Lowe's Companies, began trading in 1961 but did not come close to matching Home Depot's returns. Also, $1,000 invested in Walmart's 1972 IPO would yield a total return of around $3.6 million, including dividend payments, and Amazon would have turned a similar investment into $1.5 million since its 1997 IPO.
Far worse, some investors might have chosen one-time competitors like Kmart or Bed Bath & Beyond. These formerly prosperous companies stumbled badly after failing to adapt to changing marketplaces.
Investors should look for retailers moving from a local footprint to a regional, national, or international presence. Ultimately, one can benefit from massive returns in a merchant backed by a solid business model, consistent revenue and income increases, and the avoidance of significant mistakes.
Making sense of Home Depot's rise
Home Depot has delivered eye-popping returns to long-term shareholders in its 42 years of existence. So massive was its growth path that it will be hard to any other company to repeat it over a similar time frame.
However, identifying retail growth potential early can still bring massive returns. A retailer that can manage stores well, grow revenue consistently, and capitalize on potential expansion opportunities can bring huge returns to investors.
10 stocks we like better than Home Depot
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 Home Depot 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
John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Will Healy has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon and Home Depot. The Motley Fool recommends Lowe's Companies. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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But the real lesson may come from its ability to derive massive returns over the years -- and how current investors can perhaps learn from its example as they size up younger companies today. Ultimately, one can benefit from massive returns in a merchant backed by a solid business model, consistent revenue and income increases, and the avoidance of significant mistakes. A retailer that can manage stores well, grow revenue consistently, and capitalize on potential expansion opportunities can bring huge returns to investors.
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Also, $1,000 invested in Walmart's 1972 IPO would yield a total return of around $3.6 million, including dividend payments, and Amazon would have turned a similar investment into $1.5 million since its 1997 IPO. The Motley Fool has positions in and recommends Amazon and Home Depot. The Motley Fool recommends Lowe's Companies.
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The growth of Home Depot Investors who see Home Depot as a "keep you rich" stock may be surprised to see the returns it has made for its longtime investors. Home Depot's archrival, Lowe's Companies, began trading in 1961 but did not come close to matching Home Depot's returns. Making sense of Home Depot's rise Home Depot has delivered eye-popping returns to long-term shareholders in its 42 years of existence.
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Investors may learn lessons that could help them find the next retail stock that can derive massive returns. Home Depot's archrival, Lowe's Companies, began trading in 1961 but did not come close to matching Home Depot's returns. The Motley Fool has positions in and recommends Amazon and Home Depot.
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844eaa38-fdac-45d8-afa0-ceb8ea834768
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714655.0
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2023-12-06 00:00:00 UTC
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Here's Why FedEx (FDX) is a Strong Momentum Stock
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DCOMP
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https://www.nasdaq.com/articles/heres-why-fedex-fdx-is-a-strong-momentum-stock-0
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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.
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 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 want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank
The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
To 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.
Momentum investors should take note of this Transportation stock. FDX has a Momentum Style Score of A, and shares are up 9% over the past four weeks.
Two analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.05 to $18.19 per share. FDX boasts an average earnings surprise of 16.9%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, FDX should be on investors' short list.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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.
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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. 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.
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Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier. Click to get this free report FedEx Corporation (FDX) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. How Style Scores Work with the Zacks Rank The Zacks Rank, 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? It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. That's where the Style Scores come in.
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93fa312d-cac3-4321-a4ce-09f1de334097
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714656.0
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2023-12-06 00:00:00 UTC
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Are You a Momentum Investor? This 1 Stock Could Be the Perfect Pick
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DCOMP
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https://www.nasdaq.com/articles/are-you-a-momentum-investor-this-1-stock-could-be-the-perfect-pick-252
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nan
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nan
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It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores, 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 given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
For value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth Score
Growth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum Score
Momentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM Score
What if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Ryanair (RYAAY)
Ryanair Holdings is the parent company of Ryanair Designated Activity Company (formerly known as Ryanair Limited). Ryanair, which commenced its flight operations in 1985, is based in headquartered in Swords, Ireland.
RYAAY is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Momentum investors should take note of this Transportation stock. RYAAY has a Momentum Style Score of A, and shares are up 18.2% over the past four weeks.
One analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.22 to $8.87 per share. RYAAY also boasts an average earnings surprise of 18%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, RYAAY should be on investors' short list.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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
Ryanair Holdings PLC (RYAAY) : 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 Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
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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 Ryanair Holdings PLC (RYAAY) : 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. How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
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However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day. That's where the Style Scores come in. RYAAY is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
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b7154383-e9a1-4f19-8d1e-873ab4c5053b
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714657.0
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2023-12-06 00:00:00 UTC
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Why Ametek (AME) is a Top Momentum Stock for the Long-Term
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DCOMP
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https://www.nasdaq.com/articles/why-ametek-ame-is-a-top-momentum-stock-for-the-long-term
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nan
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nan
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For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
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
While good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum Score
Momentum 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 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.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: 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.
Momentum investors should take note of this Computer and Technology stock. AME has a Momentum Style Score of B, and shares are up 6.1% 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 $6.33 per share. AME boasts an average earnings surprise of 4%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, AME should be on investors' short list.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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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The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks. It rates each stock on their combined weighted styles, helping you find 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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For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. 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.
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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. 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 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. 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.
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e46d68ae-aabe-44b9-833c-b1771a7c7416
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714658.0
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2023-12-06 00:00:00 UTC
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Here's Why Chubb (CB) is a Strong Momentum Stock
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DCOMP
|
https://www.nasdaq.com/articles/heres-why-chubb-cb-is-a-strong-momentum-stock-1
|
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, 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
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
While good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum Score
Momentum 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 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.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: 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.
Momentum investors should take note of this Finance stock. CB has a Momentum Style Score of B, and shares are up 3.6% over the past four weeks.
Nine analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.84 to $19.18 per share. CB boasts an average earnings surprise of 6.5%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, CB should be on investors' short list.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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.
|
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. 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, 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.
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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. CB is a #2 (Buy) on the Zacks Rank, with a VGM Score of A.
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06d47a57-5f72-43f2-9614-775c7213da21
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714659.0
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2023-12-06 00:00:00 UTC
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Here's Why The Manitowoc Company, Inc. (MTW) is a Strong Momentum Stock
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DCOMP
|
https://www.nasdaq.com/articles/heres-why-the-manitowoc-company-inc.-mtw-is-a-strong-momentum-stock-0
|
nan
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nan
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It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores, 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 given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
For value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth Score
Growth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum Score
Momentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM Score
What if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: The Manitowoc Company, Inc. (MTW)
Incorporated in 1902, Manitowoc is a leading provider of engineered lifting solutions, including lattice-boom cranes, tower cranes, mobile telescopic cranes and boom trucks. The company has three reportable segments, the Americas segment, EURAF segment, and MEAP segment.
MTW is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Industrial Products stock. MTW has a Momentum Style Score of B, and shares are up 9.1% over the past four weeks.
Five analysts revised their earnings estimate higher in the last 60 days for fiscal 2023, while the Zacks Consensus Estimate has increased $0.14 to $1.62 per share. MTW also boasts an average earnings surprise of 885.4%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, MTW should be on investors' short list.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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 Manitowoc Company, Inc. (MTW) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
|
The 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 The Manitowoc Company, Inc. (MTW) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days. How Style Scores Work with the Zacks Rank The Zacks Rank 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.
|
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. That's where the Style Scores come in.
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c730d571-0806-40b3-ad9c-62f9643b878d
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714660.0
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2023-12-06 00:00:00 UTC
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Wager on WDNA for Biotech Rebound
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DCOMP
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https://www.nasdaq.com/articles/wager-on-wdna-for-biotech-rebound
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nan
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nan
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It’s been a lengthy of stretch of subpar performance by biotech stocks and related exchange traded funds. That's a scenario that will repeat this year. However, there are inklings things are changing for the better.
Over the past month, the widely followed Nasdaq Biotechnology Index is higher by 2.22%. The WisdomTree BioRevolution Fund (WDNA) has been twice as strong over the same span. To be sure, those aren’t big percentages, but rebounds have to start somewhere. Beleaguered biotech investors are likely grateful for the gains. It appears the category’s major benchmarks are cruising toward a third consecutive losing year.
Biotech remains a catalyst-rich field, highlighting its risk/reward profile. One of those catalysts and one addressed by WDNA is CRISPR, or ”clustered regularly interspaced short palindromic repeats.” Regulators in the U.K. last month approved the first CRISPR treatment for patients. That could be the start of more global approvals. And that is likely to bring with it an assortment of positive investment implications.
CRISPR Could Propel Biotech ETF WDNA in 2024
The aforementioned U.K. approval is pertinent to Vertex Pharmaceuticals (VRTX) and CRISPR Therapeutics (CRSP), both of which are WDNA holdings. Another CRISPR catalyst could be in the offing as the Food & Drug Administration is expected to approve another sickle cell gene therapy from Bluebird Bio later this month, though that company isn’t a WDNA holding. The point is that the ETF has catalysts, some of the near-term variety.
“If we force ourselves to respect the journey of discovery and all the steps required to get to this point, these developments are extremely exciting. However, we are likely still a long way off from CRISPR therapies that can be used at scale. Patients will only be eligible if they have gone through other possible treatments without success,” noted Christopher Gannatti, global head of research at WisdomTree.
On a stand-alone basis, WDNA could be a compelling idea for investors looking to access a disruptive theme. CRISPR and DNA sequencing check that box.
Adding to the allure of the disruptive thesis is that CRISPR advances are likely to be facilitated in some part by elevated technology; namely, artificial intelligence. As currently structured, many biotech ETFs don’t provide adequate exposure to the AI/CRISPR intersection. WDNA does.
“Still, the promise for the convergence of technology can accelerate the learnings in biotech. AI and the growth of models to help researchers unlock new drug discoveries looks to be increasing future innovation potential,” concluded Gannatti.
For more news, information, and analysis, visit the Modern Alpha Channel.
Read more on ETFTrends.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Another CRISPR catalyst could be in the offing as the Food & Drug Administration is expected to approve another sickle cell gene therapy from Bluebird Bio later this month, though that company isn’t a WDNA holding. Adding to the allure of the disruptive thesis is that CRISPR advances are likely to be facilitated in some part by elevated technology; namely, artificial intelligence. AI and the growth of models to help researchers unlock new drug discoveries looks to be increasing future innovation potential,” concluded Gannatti.
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One of those catalysts and one addressed by WDNA is CRISPR, or ”clustered regularly interspaced short palindromic repeats.” Regulators in the U.K. last month approved the first CRISPR treatment for patients. CRISPR Could Propel Biotech ETF WDNA in 2024 The aforementioned U.K. approval is pertinent to Vertex Pharmaceuticals (VRTX) and CRISPR Therapeutics (CRSP), both of which are WDNA holdings. Patients will only be eligible if they have gone through other possible treatments without success,” noted Christopher Gannatti, global head of research at WisdomTree.
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One of those catalysts and one addressed by WDNA is CRISPR, or ”clustered regularly interspaced short palindromic repeats.” Regulators in the U.K. last month approved the first CRISPR treatment for patients. CRISPR Could Propel Biotech ETF WDNA in 2024 The aforementioned U.K. approval is pertinent to Vertex Pharmaceuticals (VRTX) and CRISPR Therapeutics (CRSP), both of which are WDNA holdings. Another CRISPR catalyst could be in the offing as the Food & Drug Administration is expected to approve another sickle cell gene therapy from Bluebird Bio later this month, though that company isn’t a WDNA holding.
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The point is that the ETF has catalysts, some of the near-term variety. Patients will only be eligible if they have gone through other possible treatments without success,” noted Christopher Gannatti, global head of research at WisdomTree. WDNA does.
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c45e1eba-1f13-470e-8822-ca55674845f7
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714661.0
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2023-12-06 00:00:00 UTC
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Is BrightSphere Investment Group (BSIG) Stock Undervalued Right Now?
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DCOMP
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https://www.nasdaq.com/articles/is-brightsphere-investment-group-bsig-stock-undervalued-right-now
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nan
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nan
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Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors 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 company value investors might notice is BrightSphere Investment Group (BSIG). BSIG is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock holds a P/E ratio of 10.01, while its industry has an average P/E of 14.29. BSIG's Forward P/E has been as high as 15.76 and as low as 9.04, with a median of 12.08, all within the past year.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This is a prefered metric because revenue can't really be manipulated, so sales are often a truer performance indicator. BSIG has a P/S ratio of 1.78. This compares to its industry's average P/S of 2.45.
Finally, we should also recognize that BSIG has a P/CF ratio of 8.50. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. BSIG's current P/CF looks attractive when compared to its industry's average P/CF of 28.10. Over the past 52 weeks, BSIG's P/CF has been as high as 10.76 and as low as 6.09, with a median of 8.87.
These figures are just a handful of the metrics value investors tend to look at, but they help show that BrightSphere Investment Group is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, BSIG feels like a great value stock at the moment.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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
BrightSphere Investment Group Inc. (BSIG) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys."
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One company value investors might notice is BrightSphere Investment Group (BSIG). Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Click to get this free report BrightSphere Investment Group Inc. (BSIG) : 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. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Click to get this free report BrightSphere Investment Group Inc. (BSIG) : 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. BSIG has a P/S ratio of 1.78. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research?
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394d7172-3364-43ad-86ba-5ef094cae27a
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714662.0
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2023-12-06 00:00:00 UTC
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Iamgold (IAG) to Boost Portfolio With Vanstar Acquisition
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DCOMP
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https://www.nasdaq.com/articles/iamgold-iag-to-boost-portfolio-with-vanstar-acquisition
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Iamgold Corporation IAG announced that it has entered into a definitive arrangement agreement to acquire all of the issued and outstanding common shares of Vanstar Mining Resources Inc. This deal consolidates IAG’s stake in the Nelligan deposit and expands its exploration portfolio in Northern Quebec. Moreover, the transaction will position Iamgold for sustained growth and resource expansion, laying a robust foundation for future endeavors.
Vanstar is a gold exploration company that has facilities in Northern Quebec at various stages of development. Its major asset is a 25% interest in the Nelligan Joint Venture Project, which is located 60 kilometers southwest of Chibougamau, Quebec, Canada. The project is held under an earn-in option to the joint venture agreement with IAG.
Under the existing joint venture deal, Iamgold holds the choice to gain an extra 5% stake by finalizing a feasibility study. Meanwhile, Vanstar's remaining 20% interest remains as an undivided non-contributory carried interest until the project reaches commercial production. At that stage, the 20% interest transforms into a participating one, obligating Vanstar to cover its share of development costs, sourced from 80% of joint venture distributions, until commercial production begins.
IAG announced an updated Mineral Resource Estimate for Nelligan on Jan 12, 2023. It has 72.2 million tons of Indicated Mineral Resources averaging 0.85 grams of gold per ton for 1.97 million ounces of gold and 114.1 million tons of Inferred Mineral Resources averaging 0.88 grams of gold per ton for 3.24 million ounces of gold.
The company posted an adjusted loss of 1 cent per share in the third quarter of 2023, narrower than the Zacks Consensus Estimate of a loss of 2 cents. The company reported a loss of 5 cents in the year-ago quarter. Revenues decreased 11.8% year over year to $225 million in the third quarter of 2023. The decline was due to lower sales volume, partially offset by higher realized gold prices.
Price Performance
Shares of Iamgold have risen 11.7% year to date compared with the industry’s growth of 8.2%.
Image Source: Zacks Investment Research
Zacks Rank & Key Picks
Iamgold currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the basic materials space are Axalta Coating Systems Ltd. AXTA , Universal Stainless & Alloy Products, Inc. USAP and The Andersons Inc. ANDE. While AXTA sports a Zacks Rank #1 (Strong Buy), USAP and ANDE carry a Zacks Rank #2 (Buy) each at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Axalta Coating’s 2023 earnings is pegged at 44 cents per share. The consensus estimate for 2023 earnings has moved 23% north in the past 60 days. Shares of AXTA have risen 15.7% in a year.
Universal Stainless & Alloy Products has an average trailing four-quarter earnings surprise of 44.4%. The Zacks Consensus Estimate for USAP’s 2023 earnings is pegged at 27 cents per share. The bottom-line estimate has remained unchanged in the past 60 days. Shares of USAP have rallied 96% in the past year.
The consensus estimate for ANDE's current-year earnings has moved north 3.3% in the past 60 days. Andersons' earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 64.4%. Shares of ANDE have risen around 32% in a year.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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 Andersons, Inc. (ANDE) : Free Stock Analysis Report
Iamgold Corporation (IAG) : Free Stock Analysis Report
Universal Stainless & Alloy Products, Inc. (USAP) : Free Stock Analysis Report
Axalta Coating Systems Ltd. (AXTA) : 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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Iamgold Corporation IAG announced that it has entered into a definitive arrangement agreement to acquire all of the issued and outstanding common shares of Vanstar Mining Resources Inc. Moreover, the transaction will position Iamgold for sustained growth and resource expansion, laying a robust foundation for future endeavors. At that stage, the 20% interest transforms into a participating one, obligating Vanstar to cover its share of development costs, sourced from 80% of joint venture distributions, until commercial production begins.
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It has 72.2 million tons of Indicated Mineral Resources averaging 0.85 grams of gold per ton for 1.97 million ounces of gold and 114.1 million tons of Inferred Mineral Resources averaging 0.88 grams of gold per ton for 3.24 million ounces of gold. Some better-ranked stocks from the basic materials space are Axalta Coating Systems Ltd. AXTA , Universal Stainless & Alloy Products, Inc. USAP and The Andersons Inc. ANDE. Click to get this free report The Andersons, Inc. (ANDE) : Free Stock Analysis Report Iamgold Corporation (IAG) : Free Stock Analysis Report Universal Stainless & Alloy Products, Inc. (USAP) : Free Stock Analysis Report Axalta Coating Systems Ltd. (AXTA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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It has 72.2 million tons of Indicated Mineral Resources averaging 0.85 grams of gold per ton for 1.97 million ounces of gold and 114.1 million tons of Inferred Mineral Resources averaging 0.88 grams of gold per ton for 3.24 million ounces of gold. Image Source: Zacks Investment Research Zacks Rank & Key Picks Iamgold currently carries a Zacks Rank #3 (Hold). Click to get this free report The Andersons, Inc. (ANDE) : Free Stock Analysis Report Iamgold Corporation (IAG) : Free Stock Analysis Report Universal Stainless & Alloy Products, Inc. (USAP) : Free Stock Analysis Report Axalta Coating Systems Ltd. (AXTA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Price Performance Shares of Iamgold have risen 11.7% year to date compared with the industry’s growth of 8.2%. Image Source: Zacks Investment Research Zacks Rank & Key Picks Iamgold currently carries a Zacks Rank #3 (Hold). Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research?
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3a022a85-1d2d-46b6-86c9-374e4620096b
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714663.0
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2023-12-06 00:00:00 UTC
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Beyond the Magnificent 7: 3 Stocks Poised to Join the Leader Board
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DCOMP
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https://www.nasdaq.com/articles/beyond-the-magnificent-7%3A-3-stocks-poised-to-join-the-leader-board
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The “Magnificent 7” stocks, or Meta Platforms (NASDAQ:META), Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL), Microsoft (NASDAQ:MSFT), Nvidia (NASDAQ:NVDA), and Tesla (NASDAQ:TSLA) have had a great year so far.
These tech giants are the main reason indices such as the S&P 500 and the Nasdaq Composite rebounded sharply in 2023. While tech stocks largely struggled last year, investors poured back into the sector at the beginning of 2023 with hopes of finding bargains, understanding that mature technology companies would likely weather any macroeconomic uncertainty better than their smaller peers.
However, the magnificent 7 are likely not to stay seven for long, and several tech stocks are poised to join the leaderboard in due time. Below are three of them.
Advanced Micro Devices (AMD)
Source: Pamela Marciano / Shutterstock.com
Advanced Micro Devices (NASDAQ:AMD) has become well known for snatching market share away from the likes of Intel (NASDAQ:INTC). Still, it is about to enter the artificial intelligence (AI) semiconductor chip race that its competitor, Nvidia, has largely dominated.
In AMD’s second-quarter earnings report released in mid-June, the chipmaker finally announced the MI300x GPU chipset, which will compete directly with Nvidia’s A100 and H100 chips used to train LLMs. the chipmaker announced it expects to sell $2 billion in AI chips next year.
Overall, in 2023, AMD’s shares have performed inconsistently, with some traders betting on the company’s awaited AI chips while others have begun to worry about the slowing PC markets’ toll on AMD’s revenue growth. Either way, as AMD enters the AI race, its market cap is likely to rise astronomically in the coming years, placing it on the “Magnificent 7” leaderboard.
CrowdStrike (CRWD)
Source: T. Schneider / Shutterstock.com
While CrowdStrike (NASDAQ:CRWD) is currently much smaller than AMD in market cap, the cybersecurity firm will likely rise. CrowdStrike is a leading provider of cloud-based endpoint protection and threat intelligence services. The company’s comprehensive platform leverages artificial intelligence, behavioral analytics, and threat intelligence to detect and prevent breaches. CrowdStrike has undoubtedly come a long way and is now, according to IDC, the largest player in the Worldwide Endpoint Security market, even outpacing Microsoft.
CrowdStrike’s financial results in 2023 have continued to be impressive. In particular, the company reported results for Q3 FY2024, beating analysts’ expectations on both revenue and earnings. The company grew its revenue by 34% year-over-year to $786 million, driven by strong demand for its subscription-based products and services.
CrowdStrike’s shares have climbed more than 123% YTD, which places the cybersecurity stock at over $56 billion in market cap, and the company could rise further as it continues to dominate the cybersecurity market.
Palantir (PLTR)
Source: Spyro the Dragon / Shutterstock.com
Founders Peter Thiel and Alex Karp formed Palantir Technologies (NYSE:PLTR), initially focusing on serving the United States’ defense and intelligence sectors. However, since its inception, the company has expanded its customer base to include various industries such as healthcare, energy, and finance. For example, a few weeks ago, Palantir won a lucrative contract to manage England’s National Health Service data, exemplifying the traction of the platform outside of its original core end markets.
Palantir’s entrance into AI-enhanced analytics will drive the attractiveness of its platform. Demand for these solutions has already started to pick up, according to the company’s recent earnings report. The company’s “U.S. Commercial business segment” increased revenue figures by 37% year-over-year, driven by demand for Palantir’s Artificial Intelligence Platform.
While Palantir is not yet worth $100 billion in market capitalization, the company could well be on its way to joining the leaderboard of the largest publicly listed tech companies as its business and user base grow.
On the date of publication, Tyrik Torres 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.
Tyrik Torres has been studying and participating in financial markets since he was in college, and he has particular passion for helping people understand complex systems. His areas of expertise are semiconductor and enterprise software equities. He has work experience in both investing (public and private markets) and investment banking.
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The post Beyond the Magnificent 7: 3 Stocks Poised to Join the Leader Board 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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While tech stocks largely struggled last year, investors poured back into the sector at the beginning of 2023 with hopes of finding bargains, understanding that mature technology companies would likely weather any macroeconomic uncertainty better than their smaller peers. In AMD’s second-quarter earnings report released in mid-June, the chipmaker finally announced the MI300x GPU chipset, which will compete directly with Nvidia’s A100 and H100 chips used to train LLMs. For example, a few weeks ago, Palantir won a lucrative contract to manage England’s National Health Service data, exemplifying the traction of the platform outside of its original core end markets.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips The “Magnificent 7” stocks, or Meta Platforms (NASDAQ:META), Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL), Microsoft (NASDAQ:MSFT), Nvidia (NASDAQ:NVDA), and Tesla (NASDAQ:TSLA) have had a great year so far. Advanced Micro Devices (AMD) Source: Pamela Marciano / Shutterstock.com Advanced Micro Devices (NASDAQ:AMD) has become well known for snatching market share away from the likes of Intel (NASDAQ:INTC). Still, it is about to enter the artificial intelligence (AI) semiconductor chip race that its competitor, Nvidia, has largely dominated.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips The “Magnificent 7” stocks, or Meta Platforms (NASDAQ:META), Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL), Microsoft (NASDAQ:MSFT), Nvidia (NASDAQ:NVDA), and Tesla (NASDAQ:TSLA) have had a great year so far. CrowdStrike’s shares have climbed more than 123% YTD, which places the cybersecurity stock at over $56 billion in market cap, and the company could rise further as it continues to dominate the cybersecurity market. While Palantir is not yet worth $100 billion in market capitalization, the company could well be on its way to joining the leaderboard of the largest publicly listed tech companies as its business and user base grow.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips The “Magnificent 7” stocks, or Meta Platforms (NASDAQ:META), Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL), Microsoft (NASDAQ:MSFT), Nvidia (NASDAQ:NVDA), and Tesla (NASDAQ:TSLA) have had a great year so far. Still, it is about to enter the artificial intelligence (AI) semiconductor chip race that its competitor, Nvidia, has largely dominated. The company’s “U.S.
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d295b07c-cbbc-4898-8a9d-ad3866ac070e
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714664.0
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2023-12-06 00:00:00 UTC
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RingCentral (RNG) is a Top-Ranked Growth Stock: Should You Buy?
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DCOMP
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https://www.nasdaq.com/articles/ringcentral-rng-is-a-top-ranked-growth-stock%3A-should-you-buy
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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.
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 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
While good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum Score
Momentum 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 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.
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.
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.
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: RingCentral (RNG)
RingCentral is a leading provider of contact center software-as-a-service (SaaS) solutions along with global enterprise cloud communications, video meetings, collaboration, and customer engagement solutions that enable businesses to communicate, collaborate, and connect.
RNG 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. RNG has a Growth Style Score of A, forecasting year-over-year earnings growth of 60.3% 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 $0.04 to $3.19 per share. RNG boasts an average earnings surprise of 6.3%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, RNG should be on investors' short list.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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
Ringcentral, Inc. (RNG) : 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. 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.
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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. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks. How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
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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. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research?
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272c8d1d-2add-4e51-8b49-9ff2a82c8ee6
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714665.0
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2023-12-06 00:00:00 UTC
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Why Blackbaud (BLKB) is a Top Growth Stock for the Long-Term
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DCOMP
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https://www.nasdaq.com/articles/why-blackbaud-blkb-is-a-top-growth-stock-for-the-long-term-0
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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, 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 given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
For value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth Score
While good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum Score
Momentum 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.
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.
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.
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: Blackbaud (BLKB)
Headquartered in Charleston, SC, Blackbaud Inc. is a leading cloud software company working for social causes. The company combines technology and expertise to help organizations achieve their missions.
BLKB 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. BLKB has a Growth Style Score of A, forecasting year-over-year earnings growth of 40.9% for the current fiscal year.
One analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0 to $3.79 per share. BLKB boasts an average earnings surprise of 10.6%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, BLKB should be on investors' short list.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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
Blackbaud, Inc. (BLKB) : 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 Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
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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 Blackbaud, Inc. (BLKB) : 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. 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? 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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8110282f-319b-49bf-8c3f-cc42c10c9b83
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714666.0
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2023-12-06 00:00:00 UTC
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Here's Why Emcor Group (EME) is a Strong Growth Stock
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https://www.nasdaq.com/articles/heres-why-emcor-group-eme-is-a-strong-growth-stock-1
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Each stock is 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 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.
#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.
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: Emcor Group (EME)
EMCOR Group is one of the leading providers of mechanical and electrical construction, industrial and energy infrastructure, as well as building services for a diverse range of businesses. The company serves commercial, industrial, utility and institutional clients. The company currently operates under the following reportable segments:
EME is a #1 (Strong Buy) on the Zacks Rank, with a VGM Score of B.
Additionally, the company could be a top pick for growth investors. EME has a Growth Style Score of A, forecasting year-over-year earnings growth of 52.8% for the current fiscal year.
For fiscal 2023, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $1.41 to $12.38 per share. EME boasts an average earnings surprise of 25%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, EME should be on investors' short list.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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
EMCOR Group, Inc. (EME) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
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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 EMCOR Group, Inc. (EME) : 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. 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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However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day. That's where the Style Scores come in. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research?
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449c2d82-a92f-40be-9f86-846103128bcd
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714667.0
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2023-12-06 00:00:00 UTC
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2 Growth Stocks That Can Bounce Back in 2024
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DCOMP
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https://www.nasdaq.com/articles/2-growth-stocks-that-can-bounce-back-in-2024
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The S&P 500 has been doing well this year, rising by 20%. But in reality it's just a small minority of stocks that have been responsible for the index's strong recent performance. Many other stocks aren't doing all that well.
Two investments that are down this year but could be poised for better performances in 2024 are PayPal Holdings (NASDAQ: PYPL) and Dollar Tree (NASDAQ: DLTR). For investors looking for some deals heading into next year, here's a closer look at why these are two of the best stocks to buy right now.
1. PayPal Holdings
Shares of PayPal have been underperforming -- down 16% so far this year -- and there are valid reasons investors may be feeling down about the business.
Among the concerns are a downturn in the economy, which would affect the outlook for PayPal. The company's growth rate has also been slowing as it faces growing competition -- not just from other payment processors, but buy-now-pay-later services as well.
Plus, with e-commerce marketplace eBay also using its own payment system and no longer relying on PayPal, that has also hindered PayPal's growth.
PYPL Revenue (Quarterly YoY Growth) data by YCharts
That's the bad news. But the good news is that investors are getting a pretty decent bargain with PayPal's stock right now. Trading at less than 11 times its estimated future earnings, it's relatively cheap -- the average stock on the S&P 500 trades at a multiple of 20.
There is also renewed hope of a soft landing for the economy next year, meaning that a full-blown recession wouldn't take place. That should inspire some investor confidence in such stocks as PayPal, which rely on a strong economy for growth. According to Digital Commerce 360, more than 76% of top retail chains offered PayPal as a payment option in 2021.
Even though PayPal's growth rate may not be in double digits, it can still accelerate in the future. This would be particularly true as economic conditions improve (inflation slows and people have more spending money), as this is still a big player in e-commerce.
PayPal's low valuation, combined with a potentially more favorable outlook on the economy next year, could make this a great stock to own in 2024.
2. Dollar Tree
Another stock that hasn't been doing well this year is Dollar Tree. Down 11%, this is a stock that investors may have expected more from by now. After all, its low-priced items may have given price-conscious shoppers a bit of a reprieve amid inflation.
However, the situation is more complex than that. The company's customers are struggling, and even though Dollar Tree's items are not expensive, many of them may not be essential purchases, either. It has also been battling higher levels of "shrink" (that is, theft or loss of goods) this year, with the issue being so bad that Dollar Tree has contemplated not carrying certain items in its stores.
But there is reason for optimism. The company reported earnings on Nov. 29, and same-store sales for the period ending Oct. 28 topped 3.9%. Same-store sales are a key indicator for retailers like Dollar Tree, as they tell investors how much more shoppers are spending at stores which were open a year ago; it excludes the effect of new store openings and closures. And while earnings were down 21% this past quarter, the company could be in much better shape next year, particularly if inflation continues to cool and demand from low-income shoppers strengthens.
Dollar Tree has also been opening more Dollar Tree Plus locations, which feature products at higher price points and which can appeal to a broader customer base. As of the close of last quarter, the company had 4,500 Dollar Tree Plus stores. That's up from 2,350 locations a year ago. By reaching a broader group of consumers, Dollar Tree may be in better shape to generate more growth as economic conditions improve. And at 18 times its estimated future earnings, this is another decent growth stock to buy right now.
10 stocks we like better than Dollar Tree
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 Dollar Tree 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
David Jagielski has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends PayPal. The Motley Fool recommends eBay and recommends the following options: short December 2023 $67.50 puts on PayPal and short January 2024 $45 calls on eBay. 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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It has also been battling higher levels of "shrink" (that is, theft or loss of goods) this year, with the issue being so bad that Dollar Tree has contemplated not carrying certain items in its stores. And while earnings were down 21% this past quarter, the company could be in much better shape next year, particularly if inflation continues to cool and demand from low-income shoppers strengthens. By reaching a broader group of consumers, Dollar Tree may be in better shape to generate more growth as economic conditions improve.
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Two investments that are down this year but could be poised for better performances in 2024 are PayPal Holdings (NASDAQ: PYPL) and Dollar Tree (NASDAQ: DLTR). This would be particularly true as economic conditions improve (inflation slows and people have more spending money), as this is still a big player in e-commerce. The Motley Fool recommends eBay and recommends the following options: short December 2023 $67.50 puts on PayPal and short January 2024 $45 calls on eBay.
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Dollar Tree Another stock that hasn't been doing well this year is Dollar Tree. 10 stocks we like better than Dollar Tree When our analyst team has a stock tip, it can pay to listen. See the 10 stocks *Stock Advisor returns as of November 29, 2023 David Jagielski has no position in any of the stocks mentioned.
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That should inspire some investor confidence in such stocks as PayPal, which rely on a strong economy for growth. Dollar Tree Another stock that hasn't been doing well this year is Dollar Tree. As of the close of last quarter, the company had 4,500 Dollar Tree Plus stores.
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714668.0
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2023-12-06 00:00:00 UTC
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Huge News for Rivian Stock Investors
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https://www.nasdaq.com/articles/huge-news-for-rivian-stock-investors-1
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Rivian (NASDAQ: RIVN) has been under pressure from other electric vehicle rivals and a struggling auto market all year, so management is focusing on reducing costs and building out a new lower-cost vehicle line to compete in the future. And investors recently got some insights into what to expect from the company in 2024 and when the R2 line is expected.
In this video, Travis Hoium discusses the latest and what the investing takeaways are.
*Stock prices used were end-of-day prices of Dec. 5, 2023. The video was published on Dec. 6, 2023.
10 stocks we like better than Rivian Automotive
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 Rivian Automotive 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
Travis Hoium has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Rivian (NASDAQ: RIVN) has been under pressure from other electric vehicle rivals and a struggling auto market all year, so management is focusing on reducing costs and building out a new lower-cost vehicle line to compete in the future. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. If you choose to subscribe through their link they will earn some extra money that supports their channel.
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In this video, Travis Hoium discusses the latest and what the investing takeaways are. 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 Travis Hoium has no position in any of the stocks mentioned.
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10 stocks we like better than Rivian Automotive 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 Travis Hoium has no position in any of the stocks mentioned.
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See the 10 stocks *Stock Advisor returns as of December 4, 2023 Travis Hoium has no position in any of the stocks mentioned. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. Their opinions remain their own and are unaffected by The Motley Fool.
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71860e22-9f35-41ac-97d1-7a206f7b60ac
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714669.0
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2023-12-06 00:00:00 UTC
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Bristol Myers' (BMY) Opdivo sBLA Gets FDA's Priority Review
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https://www.nasdaq.com/articles/bristol-myers-bmy-opdivo-sbla-gets-fdas-priority-review
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Bristol Myers Squibb BMY announced that the FDA has accepted its supplemental biologics license application (sBLA) for Opdivo (nivolumab) in combination with cisplatin-based chemotherapy as a first-line treatment for adult patients with unresectable or metastatic urothelial carcinoma under priority review.
The regulatory body is expected to deliver its final decision on Apr 5, 2024.
The sBLA was based on positive results from the phase III CHeckMate-901 study of the Opdivo/cisplatin combination regimen. Treatment with the combo therapy observed statistically significant and clinically meaningful survival benefits over standard-of-care gemcitabine plus cisplatin in the first-line treatment of adult patients with unresectable or metastatic urothelial carcinoma.
Per an assessment by an independent review body, the treatment of this patient population with the combo therapy followed by treatment with Opdivo monotherapy demonstrated statistically significant and clinically meaningful improvements in the primary efficacy endpoints of overall survival (OS) and progression-free survival.
The safety profile of the combo therapy was also found to be overall well tolerated and consistent with the known safety profiles of the individual components of the regimen. During the late-stage study, no new safety concerns were reported.
Year to date, shares of BMY have plunged 30.2% compared with the industry’s 20.7% decline.
Image Source: Zacks Investment Research
Bristol Myers’ phase III CheckMate -901 is also evaluating the efficacy of the Opdivo/Yervoy (ipilimumab) combo followed by Opdivo monotherapy compared with standard-of-care chemotherapy alone, in patients with untreated, unresectable or metastatic urothelial cancer. The late-stage study is ongoing to assess the clinical benefit of the Opdivo/Yervoy combo over standard-of-care chemotherapy.
Opdivo, the company’s PD-1 immune checkpoint inhibitor, was initially approved in 2014 to intravenously treat patients with unresectable or metastatic melanoma and disease progression following treatment with Yervoy. Currently, Opdivo is approved both as a monotherapy and in combination with Yervoy to treat a plethora of cancer indications in many countries, including the United States and EU.
Bristol Myers is also currently evaluating Opdivo in different clinical studies spread across all phases in a variety of tumor types.
Bladder cancer is one of the most common manifestations of cancer in the world, with more than 573,000 new cases diagnosed annually. The onset of urothelial carcinoma is most frequently observed in the cells that line the inside of the bladder and accounts for about 90% of bladder cancer cases. Apart from the bladder, urothelial carcinoma can also occur in other parts of the urinary tract.
Notably, in the recent past, the FDA expanded Opdivo’s adjuvant indication to include the adjuvant treatment of adult and pediatric patients aged 12 years and older with completely resected stage IIB or IIC melanoma. The approval was based on the results of the phase III CheckMate-76K study, wherein Opdivo demonstrated a statistically significant improvement in recurrence-free survival compared with placebo.
The drug was previously approved by the FDA for the adjuvant treatment of adult and pediatric patients aged 12 years and older with melanoma with involvement of lymph nodes or metastatic disease who have undergone complete resection.
Bristol Myers’ Opdivo has been driving growth for the company after receiving approval for several cancer indications. Total worldwide Opdivo sales were recorded at $6.6 billion for the first nine months ended Sep 30, 2023.
Bristol Myers Squibb Company Price and Consensus
Bristol Myers Squibb Company price-consensus-chart | Bristol Myers Squibb Company Quote
Zacks Rank and Stocks to Consider
Bristol Myers currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks worth mentioning are Puma Biotechnology, Inc. PBYI, ADMA Biologics ADMA and Agenus AGEN. While PBYI sports a Zacks Rank #1 (Strong Buy), ADMA and AGEN carry a Zacks Rank #2 (Buy) each at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
In the past 30 days, the Zacks Consensus Estimate for Puma Biotech’s 2023 earnings per share has remained constant at 72 cents. During the same time frame, the estimate for Puma Biotech’s 2024 earnings per share has increased from 62 cents to 64 cents. Year to date, shares of PBYI have lost 12.1%.
PBYI’s earnings beat estimates in three of the last four quarters while missing on one occasion, delivering a four-quarter average earnings surprise of 76.55%.
In the past 30 days, the Zacks Consensus Estimate for ADMA Biologics’ 2023 loss per share has narrowed from 6 cents to 3 cents. The estimate for ADMA Biologics’ 2024 earnings per share is pegged at 16 cents. Year to date, shares of ADMA have gained 0.5%.
ADMA beat estimates in three of the trailing four quarters and matched in one, delivering an average earnings surprise of 63.57%.
In the past 30 days, the Zacks Consensus Estimate for Agenus’ 2023 loss per share has narrowed from 77 cents to 63 cents. During the same time frame, the estimate for Agenus’ 2024 loss per share has narrowed from 70 cents to 45 cents. Year to date, shares of AGEN have plunged 48.8%.
AGEN beat estimates in one of the trailing four quarters, matching in one and missing the mark on the other two occasions, delivering an average earnings surprise of 0.49%.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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
Bristol Myers Squibb Company (BMY) : Free Stock Analysis Report
Agenus Inc. (AGEN) : Free Stock Analysis Report
Puma Biotechnology, Inc. (PBYI) : Free Stock Analysis Report
ADMA Biologics Inc (ADMA) : 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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Bristol Myers Squibb BMY announced that the FDA has accepted its supplemental biologics license application (sBLA) for Opdivo (nivolumab) in combination with cisplatin-based chemotherapy as a first-line treatment for adult patients with unresectable or metastatic urothelial carcinoma under priority review. Image Source: Zacks Investment Research Bristol Myers’ phase III CheckMate -901 is also evaluating the efficacy of the Opdivo/Yervoy (ipilimumab) combo followed by Opdivo monotherapy compared with standard-of-care chemotherapy alone, in patients with untreated, unresectable or metastatic urothelial cancer. The drug was previously approved by the FDA for the adjuvant treatment of adult and pediatric patients aged 12 years and older with melanoma with involvement of lymph nodes or metastatic disease who have undergone complete resection.
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Image Source: Zacks Investment Research Bristol Myers’ phase III CheckMate -901 is also evaluating the efficacy of the Opdivo/Yervoy (ipilimumab) combo followed by Opdivo monotherapy compared with standard-of-care chemotherapy alone, in patients with untreated, unresectable or metastatic urothelial cancer. Bristol Myers Squibb Company Price and Consensus Bristol Myers Squibb Company price-consensus-chart | Bristol Myers Squibb Company Quote Zacks Rank and Stocks to Consider Bristol Myers currently carries a Zacks Rank #3 (Hold). Click to get this free report Bristol Myers Squibb Company (BMY) : Free Stock Analysis Report Agenus Inc. (AGEN) : Free Stock Analysis Report Puma Biotechnology, Inc. (PBYI) : Free Stock Analysis Report ADMA Biologics Inc (ADMA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Image Source: Zacks Investment Research Bristol Myers’ phase III CheckMate -901 is also evaluating the efficacy of the Opdivo/Yervoy (ipilimumab) combo followed by Opdivo monotherapy compared with standard-of-care chemotherapy alone, in patients with untreated, unresectable or metastatic urothelial cancer. Bristol Myers Squibb Company Price and Consensus Bristol Myers Squibb Company price-consensus-chart | Bristol Myers Squibb Company Quote Zacks Rank and Stocks to Consider Bristol Myers currently carries a Zacks Rank #3 (Hold). Click to get this free report Bristol Myers Squibb Company (BMY) : Free Stock Analysis Report Agenus Inc. (AGEN) : Free Stock Analysis Report Puma Biotechnology, Inc. (PBYI) : Free Stock Analysis Report ADMA Biologics Inc (ADMA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Treatment with the combo therapy observed statistically significant and clinically meaningful survival benefits over standard-of-care gemcitabine plus cisplatin in the first-line treatment of adult patients with unresectable or metastatic urothelial carcinoma. Image Source: Zacks Investment Research Bristol Myers’ phase III CheckMate -901 is also evaluating the efficacy of the Opdivo/Yervoy (ipilimumab) combo followed by Opdivo monotherapy compared with standard-of-care chemotherapy alone, in patients with untreated, unresectable or metastatic urothelial cancer. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research?
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c1687045-41c1-445b-a7ff-0b6ec087fa6b
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714670.0
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2023-12-06 00:00:00 UTC
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5 Dividend Stocks That Recently Increased Their Payouts
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https://www.nasdaq.com/articles/5-dividend-stocks-that-recently-increased-their-payouts
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My favorite stocks to invest in are those that continuously increase their dividend. Merck & Co (NYSE: MRK) is one stock that I like a lot that has been growing its dividend at a solid clip for a number of years. In today's video, I will go through five dividend stocks that recently raised their dividends, one by as much as 25%.
Check out this video to learn more, subscribe to the channel, and check out the special offer in the link below.
*Stock prices used were end-of-day prices of Dec. 1, 2023. The video was published on Dec. 4, 2023.
10 stocks we like better than Merck
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 Merck 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
Mark Roussin, CPA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Merck and Nike. The Motley Fool recommends McCormick and recommends the following options: long January 2025 $47.50 calls on Nike. The Motley Fool has a disclosure policy.
Mark Roussin is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Merck & Co (NYSE: MRK) is one stock that I like a lot that has been growing its dividend at a solid clip for a number of years. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. If you choose to subscribe through their link, they will earn some extra money that supports their channel.
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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 Mark Roussin, CPA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Merck and Nike.
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10 stocks we like better than Merck 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 Mark Roussin, CPA has no position in any of the stocks mentioned.
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In today's video, I will go through five dividend stocks that recently raised their dividends, one by as much as 25%. See the 10 stocks *Stock Advisor returns as of December 4, 2023 Mark Roussin, CPA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Merck and Nike.
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660d6332-504a-4ae1-87bb-60b48818c8cb
|
714671.0
|
2023-12-06 00:00:00 UTC
|
Should Value Investors Buy Oshkosh (OSK) Stock?
|
DCOMP
|
https://www.nasdaq.com/articles/should-value-investors-buy-oshkosh-osk-stock-1
|
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.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
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 Oshkosh (OSK). OSK is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock holds a P/E ratio of 10.28, while its industry has an average P/E of 20.44. Over the past year, OSK's Forward P/E has been as high as 25.62 and as low as 9.52, with a median of 12.58.
Another valuation metric that we should highlight is OSK's P/B ratio of 1.84. 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 2.59. Over the past year, OSK's P/B has been as high as 2.18 and as low as 1.47, with a median of 1.77.
Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. OSK has a P/S ratio of 0.69. This compares to its industry's average P/S of 0.9.
Finally, we should also recognize that OSK has a P/CF ratio of 9.98. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 28.30. Over the past 52 weeks, OSK's P/CF has been as high as 72.13 and as low as 8.63, with a median of 13.11.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Oshkosh is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, OSK feels like a great value stock at the moment.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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
Oshkosh Corporation (OSK) : 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.
|
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys."
|
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Click to get this free report Oshkosh Corporation (OSK) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
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. Click to get this free report Oshkosh Corporation (OSK) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today. OSK has a P/S ratio of 0.69. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research?
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9b48ed0a-0026-4510-ba70-ab349564f94c
|
714672.0
|
2023-12-06 00:00:00 UTC
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Are Business Services Stocks Lagging Cellebrite DI Ltd. (CLBT) This Year?
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DCOMP
|
https://www.nasdaq.com/articles/are-business-services-stocks-lagging-cellebrite-di-ltd.-clbt-this-year
|
nan
|
nan
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Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Has Cellebrite DI Ltd. (CLBT) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Cellebrite DI Ltd. is a member of the Business Services sector. This group includes 318 individual stocks and currently holds a Zacks Sector Rank of #4. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Cellebrite DI Ltd. is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for CLBT's full-year earnings has moved 30% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that CLBT has returned about 93.8% since the start of the calendar year. At the same time, Business Services stocks have gained an average of 16.9%. As we can see, Cellebrite DI Ltd. is performing better than its sector in the calendar year.
Core & Main (CNM) is another Business Services stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 88.8%.
For Core & Main, the consensus EPS estimate for the current year has increased 5.5% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Cellebrite DI Ltd. belongs to the Technology Services industry, a group that includes 176 individual stocks and currently sits at #87 in the Zacks Industry Rank. On average, this group has gained an average of 40.7% so far this year, meaning that CLBT is performing better in terms of year-to-date returns.
Core & Main, however, belongs to the Waste Removal Services industry. Currently, this 16-stock industry is ranked #83. The industry has moved +12.8% so far this year.
Cellebrite DI Ltd. and Core & Main could continue their solid performance, so investors interested in Business Services stocks should continue to pay close attention to these stocks.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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
Cellebrite DI Ltd. (CLBT) : Free Stock Analysis Report
Core & Main, Inc. (CNM) : 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 Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys."
|
Looking more specifically, Cellebrite DI Ltd. belongs to the Technology Services industry, a group that includes 176 individual stocks and currently sits at #87 in the Zacks Industry Rank. Cellebrite DI Ltd. and Core & Main could continue their solid performance, so investors interested in Business Services stocks should continue to pay close attention to these stocks. Click to get this free report Cellebrite DI Ltd. (CLBT) : Free Stock Analysis Report Core & Main, Inc. (CNM) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group. Looking more specifically, Cellebrite DI Ltd. belongs to the Technology Services industry, a group that includes 176 individual stocks and currently sits at #87 in the Zacks Industry Rank. Click to get this free report Cellebrite DI Ltd. (CLBT) : Free Stock Analysis Report Core & Main, Inc. (CNM) : Free Stock Analysis Report To read this article on Zacks.com click here.
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As we can see, Cellebrite DI Ltd. is performing better than its sector in the calendar year. Core & Main (CNM) is another Business Services stock that has outperformed the sector so far this year. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research?
|
603392af-e36a-49b4-87be-962f37e942a5
|
714673.0
|
2023-12-06 00:00:00 UTC
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Should Value Investors Buy Griffon (GFF) Stock?
|
DCOMP
|
https://www.nasdaq.com/articles/should-value-investors-buy-griffon-gff-stock-1
|
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.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
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 company to watch right now is Griffon (GFF). GFF is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock is trading with P/E ratio of 11.29 right now. For comparison, its industry sports an average P/E of 19.78. Over the past year, GFF's Forward P/E has been as high as 11.70 and as low as 7.69, with a median of 9.81.
We also note that GFF holds a PEG ratio of 0.67. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. GFF's industry has an average PEG of 1.78 right now. GFF's PEG has been as high as 1.38 and as low as 0.65, with a median of 1.31, all within the past year.
Finally, investors should note that GFF has a P/CF ratio of 10.34. 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. GFF's current P/CF looks attractive when compared to its industry's average P/CF of 15.85. Within the past 12 months, GFF's P/CF has been as high as 11.35 and as low as 3.83, with a median of 5.98.
These are only a few of the key metrics included in Griffon'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, GFF looks like an impressive value stock at the moment.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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
Griffon Corporation (GFF) : 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.
|
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys."
|
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Click to get this free report Griffon Corporation (GFF) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
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 both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now. Click to get this free report Griffon Corporation (GFF) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now. GFF's industry has an average PEG of 1.78 right now. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research?
|
65d0c35c-b734-438e-9494-a50361548b8c
|
714674.0
|
2023-12-06 00:00:00 UTC
|
Should Value Investors Buy Bel Fuse (BELFB) Stock?
|
DCOMP
|
https://www.nasdaq.com/articles/should-value-investors-buy-bel-fuse-belfb-stock-4
|
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.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
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 Bel Fuse (BELFB). BELFB is currently holding a Zacks Rank of #1 (Strong Buy) and a Value grade of A. The stock holds a P/E ratio of 9.01, while its industry has an average P/E of 16.17. Over the past year, BELFB's Forward P/E has been as high as 15.52 and as low as 7.08, with a median of 9.37.
Another valuation metric that we should highlight is BELFB's P/B ratio of 2.23. 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 3.89. Over the past year, BELFB's P/B has been as high as 2.74 and as low as 1.41, with a median of 1.93.
Finally, investors should note that BELFB has a P/CF ratio of 7.95. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 18.16. Within the past 12 months, BELFB's P/CF has been as high as 9.93 and as low as 5.10, with a median of 7.16.
These are just a handful of the figures considered in Bel Fuse's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that BELFB is an impressive value stock right now.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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
Bel Fuse Inc. (BELFB) : 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.
|
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys."
|
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Click to get this free report Bel Fuse Inc. (BELFB) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
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. Click to get this free report Bel Fuse Inc. (BELFB) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today. The stock holds a P/E ratio of 9.01, while its industry has an average P/E of 16.17. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research?
|
63aa4cb0-4eb4-4b2c-af6e-40cdb3815da1
|
714675.0
|
2023-12-06 00:00:00 UTC
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Should Value Investors Buy Textron (TXT) Stock?
|
DCOMP
|
https://www.nasdaq.com/articles/should-value-investors-buy-textron-txt-stock-2
|
nan
|
nan
|
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
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.
Textron (TXT) is a stock many investors are watching right now. TXT is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock is trading with P/E ratio of 13.39 right now. For comparison, its industry sports an average P/E of 22.13. Over the past 52 weeks, TXT's Forward P/E has been as high as 17.68 and as low as 11.81, with a median of 13.64.
Investors will also notice that TXT has a PEG ratio of 1.14. 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. TXT's PEG compares to its industry's average PEG of 1.89. Over the past 52 weeks, TXT's PEG has been as high as 1.40 and as low as 0.98, with a median of 1.16.
Investors should also recognize that TXT has a P/B ratio of 2.14. 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. TXT's current P/B looks attractive when compared to its industry's average P/B of 3.29. Over the past year, TXT's P/B has been as high as 2.27 and as low as 1.78, with a median of 2.11.
Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. TXT has a P/S ratio of 1.11. This compares to its industry's average P/S of 1.39.
Finally, investors should note that TXT has a P/CF ratio of 11.45. 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 company's current P/CF looks solid when compared to its industry's average P/CF of 21.78. Over the past 52 weeks, TXT's P/CF has been as high as 12.70 and as low as 10.21, with a median of 11.55.
Value investors will likely look at more than just these metrics, but the above data helps show that Textron is likely undervalued currently. And when considering the strength of its earnings outlook, TXT sticks out at as one of the market's strongest value stocks.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys."
|
TXT's PEG compares to its industry's average PEG of 1.89. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Click to get this free report Textron Inc. (TXT) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment. Textron (TXT) is a stock many investors are watching right now. Investors will also notice that TXT has a PEG ratio of 1.14.
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Value investors also use the P/S ratio. TXT has a P/S ratio of 1.11. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research?
|
63bc3b7e-5b39-480d-aecb-a1c2203394d0
|
714676.0
|
2023-12-06 00:00:00 UTC
|
Should Value Investors Buy NN Group (NNGRY) Stock?
|
DCOMP
|
https://www.nasdaq.com/articles/should-value-investors-buy-nn-group-nngry-stock-1
|
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 tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
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.
NN Group (NNGRY) is a stock many investors are watching right now. NNGRY is currently sporting a Zacks Rank of #1 (Strong Buy) and an A for Value. The stock is trading with a P/E ratio of 4.76, which compares to its industry's average of 7.04. Over the last 12 months, NNGRY's Forward P/E has been as high as 9.33 and as low as 4.20, with a median of 8.02.
NNGRY is also sporting a PEG ratio of 0.37. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. NNGRY's PEG compares to its industry's average PEG of 0.67. NNGRY's PEG has been as high as 4.67 and as low as 0.22, with a median of 0.37, all within the past year.
We should also highlight that NNGRY has a P/B ratio of 0.56. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 1.66. Within the past 52 weeks, NNGRY's P/B has been as high as 0.70 and as low as 0.45, with a median of 0.56.
These are only a few of the key metrics included in NN Group'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, NNGRY looks like an impressive value stock at the moment.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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
NN Group NV Unsponsored ADR (NNGRY) : 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 tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys."
|
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Click to get this free report NN Group NV Unsponsored ADR (NNGRY) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now. Click to get this free report NN Group NV Unsponsored ADR (NNGRY) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now. The stock is trading with a P/E ratio of 4.76, which compares to its industry's average of 7.04. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research?
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f19828a1-1868-4768-8bf3-20b94ec36296
|
714677.0
|
2023-12-06 00:00:00 UTC
|
Are Investors Undervaluing Subaru Corporation (FUJHY) Right Now?
|
DCOMP
|
https://www.nasdaq.com/articles/are-investors-undervaluing-subaru-corporation-fujhy-right-now-0
|
nan
|
nan
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Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use 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 stock to keep an eye on is Subaru Corporation (FUJHY). FUJHY is currently sporting a Zacks Rank of #1 (Strong Buy), as well as a Value grade of A. The stock has a Forward P/E ratio of 5.38. This compares to its industry's average Forward P/E of 9.09. Over the last 12 months, FUJHY's Forward P/E has been as high as 8.20 and as low as 5.36, with a median of 6.81.
Investors will also notice that FUJHY has a PEG ratio of 0.21. 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. FUJHY's PEG compares to its industry's average PEG of 0.34. Within the past year, FUJHY's PEG has been as high as 0.50 and as low as 0.21, with a median of 0.30.
Another valuation metric that we should highlight is FUJHY's P/B ratio of 0.85. 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 1.12. FUJHY's P/B has been as high as 1 and as low as 0.76, with a median of 0.86, over the past year.
Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. This is a prefered metric because revenue can't really be manipulated, so sales are often a truer performance indicator. FUJHY has a P/S ratio of 0.44. This compares to its industry's average P/S of 0.69.
Finally, investors will want to recognize that FUJHY has a P/CF ratio of 3.59. 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. FUJHY's P/CF compares to its industry's average P/CF of 6.30. FUJHY's P/CF has been as high as 4.90 and as low as 3.47, with a median of 3.97, all within the past year.
These are only a few of the key metrics included in Subaru Corporation'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, FUJHY looks like an impressive value stock at the moment.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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
Subaru Corporation (FUJHY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys."
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FUJHY's PEG compares to its industry's average PEG of 0.34. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Click to get this free report Subaru Corporation (FUJHY) : 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. FUJHY's PEG compares to its industry's average PEG of 0.34. Click to get this free report Subaru Corporation (FUJHY) : 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. FUJHY has a P/S ratio of 0.44. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research?
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c5b7cfa5-5ba5-4460-b3e5-d83f6b564641
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714678.0
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2023-12-06 00:00:00 UTC
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If You Invested $1000 in Salesforce.com a Decade Ago, This is How Much It'd Be Worth Now
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DCOMP
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https://www.nasdaq.com/articles/if-you-invested-%241000-in-salesforce.com-a-decade-ago-this-is-how-much-itd-be-worth-now-1
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nan
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nan
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For most investors, how much a stock's price changes over time is important. Not only can it impact your investment portfolio, but it can also help you compare investment results across sectors and industries.
The fear of missing out, or FOMO, also plays a factor in investing, especially with particular tech giants, as well as popular consumer-facing stocks.
What if you'd invested in Salesforce.com (CRM) ten years ago? It may not have been easy to hold on to CRM for all that time, but if you did, how much would your investment be worth today?
Salesforce.com's Business In-Depth
With that in mind, let's take a look at Salesforce.com's main business drivers.
Headquartered in San Francisco, Salesforce, Inc., founded in 1999, is the leading provider of on-demand Customer Relationship Management (CRM) software, which enables organizations to better manage critical operations, such as sales force automation, customer service and support, marketing automation, document management, analytics and custom application development.
Salesforce is currently the largest CRM vendor in the world with a market share of nearly 20% according to reports of Gartner, a global research and advisory firm. Its nearest rival, SAP is way behind at a market share of around 8%. About 90% of the Fortune 100 companies uses at least one Salesforce software.
The company has leveraged its expertise in on-demand software to increase the scale of operations. It also offers a technology platform for customers and developers to build and run business applications.
Salesforce helps companies of every size and industry to connect with their customers in new ways through existing and emerging technologies including cloud, mobile, social, IoT and artificial intelligence (AI).
Rapid digital transformation and the company’s sustained focus on aligning products with customer needs are driving the top line. Salesforce’s annual revenues have sextupled from $5.4 billion in fiscal 2015 to $31.4 billion in fiscal 2023.
There are two main revenue streams — Subscription and Support and Professional Services & Other.
Subscription revenues comprise subscription fees from customers, accessing the company’s enterprise cloud computing services (Cloud Services), software licenses and subscription fees recognized from customers for additional support. This segment accounted for more than 93% of Salesforce’s fiscal 2023 revenues.
Professional Services & Other revenues consist of fees that the company derives from consulting and implementation services and training. This segment accounted for the remaining 7% of Salesforce’s fiscal 2023 revenues.
Bottom Line
While anyone can invest, building a lucrative investment portfolio takes research, patience, and a little bit of risk. If you had invested in Salesforce.com ten years ago, you're probably feeling pretty good about your investment today.
A $1000 investment made in December 2013 would be worth $4,731.76, or a gain of 373.18%, as of December 6, 2023, according to our calculations. This return excludes dividends but includes price appreciation.
The S&P 500 rose 155.86% and the price of gold increased 57.87% over the same time frame in comparison.
Analysts are forecasting more upside for CRM too.
Salesforce is benefiting from a robust demand environment as customers are undergoing a major digital transformation. The company’s sustained focus on aligning products with customer needs is driving the top line. Continued deal wins in the international market are another growth driver. The acquisition of Slack has positioned the company as a leader in enterprise team collaboration and improved its competitive standing versus Microsoft Teams. Salesforce’s strategy of continuously expanding generative AI offerings will help the company tap the growing opportunities in the space. Shares of the company have outperformed the industry in the past six months. However, stiff competition and unfavorable currency fluctuations are concerns. Also, the challenging macroeconomic environment and geopolitical issues could hurt its growth prospects.
Shares have gained 18.50% over the past four weeks and there have been 17 higher earnings estimate revisions for fiscal 2024 compared to none lower. The consensus estimate has moved up as well.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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
Salesforce Inc. (CRM) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Salesforce is currently the largest CRM vendor in the world with a market share of nearly 20% according to reports of Gartner, a global research and advisory firm. Salesforce helps companies of every size and industry to connect with their customers in new ways through existing and emerging technologies including cloud, mobile, social, IoT and artificial intelligence (AI). Salesforce’s strategy of continuously expanding generative AI offerings will help the company tap the growing opportunities in the space.
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Headquartered in San Francisco, Salesforce, Inc., founded in 1999, is the leading provider of on-demand Customer Relationship Management (CRM) software, which enables organizations to better manage critical operations, such as sales force automation, customer service and support, marketing automation, document management, analytics and custom application development. Rapid digital transformation and the company’s sustained focus on aligning products with customer needs are driving the top line. Subscription revenues comprise subscription fees from customers, accessing the company’s enterprise cloud computing services (Cloud Services), software licenses and subscription fees recognized from customers for additional support.
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Headquartered in San Francisco, Salesforce, Inc., founded in 1999, is the leading provider of on-demand Customer Relationship Management (CRM) software, which enables organizations to better manage critical operations, such as sales force automation, customer service and support, marketing automation, document management, analytics and custom application development. Salesforce helps companies of every size and industry to connect with their customers in new ways through existing and emerging technologies including cloud, mobile, social, IoT and artificial intelligence (AI). Subscription revenues comprise subscription fees from customers, accessing the company’s enterprise cloud computing services (Cloud Services), software licenses and subscription fees recognized from customers for additional support.
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Not only can it impact your investment portfolio, but it can also help you compare investment results across sectors and industries. It may not have been easy to hold on to CRM for all that time, but if you did, how much would your investment be worth today? Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research?
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21e90e12-cda8-4107-9fc8-a34b5b8312bf
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714679.0
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2023-12-06 00:00:00 UTC
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Is Super Micro Computer Stock a Buy?
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DCOMP
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https://www.nasdaq.com/articles/is-super-micro-computer-stock-a-buy
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nan
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nan
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You've probably heard about artificial intelligence (AI) at some point this year and how investors should include stocks with AI connections in their portfolios. That has some merit, but be careful chasing the stocks everyone is already talking about. There is a good chance that the stock everyone loves will disappoint you. It's very hard to be above average when you're doing what everyone else is.
Enter Super Micro Computer (NASDAQ: SMCI). The stock is less front-facing to the public when it comes to AI potential than Nvidia (NASDAQ: NVDA) or Palantir (NYSE: PLTR), but its growth prospects and modest valuation make it an appealing stock idea worth considering. Here is why.
Behind the scenes
AI is seemingly everywhere today, but ironically, Super Micro Computer has been around since the early 1990s. The company specializes in designing and building large-scale computing systems. More specifically, massive data centers that handle cloud work and other highly demanding applications.
Think about it. Most corporations aren't in the computing business. They wouldn't know how to design, pick out, and assemble the many components to build a massive computer system, know how to get it working, make it efficient, etc. Hiring an expert who can create and sell you a turn-key solution is the wiser path.
SMCI Revenue (TTM) data by YCharts
Super Micro Computer has been in business for a long time. But today the company's services are in high demand because of a simultaneous need for enterprises to migrate to the cloud and invest in new technologies like AI to stay competitive in their field. Growth has accelerated, doubling revenue over the past few years.
Bright growth outlook at a modest price
Wall Street has started showing Super Micro Computer stock more respect. Shares are up an impressive 200% this year. But this could be from a rising tide (AI hype) lifting all boats more than investors piling too heavily into a famous name.
Consider names like Nvidia and Palantir below. You can see that each stock is commanding a significant premium (higher P/E ratio) to Super Micro Computer. Yes, they also have higher expected earnings growth rates, but you can compare apples to apples using the PEG ratio.
Each stock's PEG ratio is as follows:
Super Micro Computer: 0.6
Palantir: 1.0
Nvidia: 0.9
SMCI EPS LT Growth Estimates data by YCharts
Super Micro Computer offers the best value when considering how much you pay for each company's expected future earnings growth. And it's not like Super Micro Computer is a fundamentally poor business; the company generates an impressive 29% return on invested capital, signaling that it earns a strong return on each dollar it deploys. That means creating value for shareholders over time.
Buy Super Micro Computer for the long term
Any stock is subject to short-term volatility, especially after the share price moves so much in under one year. Still, Super Micro Computer has the makings of a long-term winner. AI spending accelerated this year (look at Nvidia's results). Super Micro Computer's management noted that it is growing five times faster than its industry over the past 12 months.
Is that a coincidence? Or are corporations decidedly choosing Super Micro Computer to build out their computing investments? Experts believe the shift toward AI is just beginning, which could mean years of upcoming investment opportunities and growth for Super Micro Computer.
Investors should always approach a stock with a carefully thought-out plan, but it seems clear that Super Micro Computer's stock has yet to price in its bright future fully.
10 stocks we like better than Super Micro Computer
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 Super Micro Computer 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
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 recommends Super Micro Computer. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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But today the company's services are in high demand because of a simultaneous need for enterprises to migrate to the cloud and invest in new technologies like AI to stay competitive in their field. Bright growth outlook at a modest price Wall Street has started showing Super Micro Computer stock more respect. Buy Super Micro Computer for the long term Any stock is subject to short-term volatility, especially after the share price moves so much in under one year.
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SMCI Revenue (TTM) data by YCharts Super Micro Computer has been in business for a long time. Each stock's PEG ratio is as follows: Super Micro Computer: 0.6 Palantir: 1.0 Nvidia: 0.9 SMCI EPS LT Growth Estimates data by YCharts Super Micro Computer offers the best value when considering how much you pay for each company's expected future earnings growth. The Motley Fool recommends Super Micro Computer.
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Each stock's PEG ratio is as follows: Super Micro Computer: 0.6 Palantir: 1.0 Nvidia: 0.9 SMCI EPS LT Growth Estimates data by YCharts Super Micro Computer offers the best value when considering how much you pay for each company's expected future earnings growth. Investors should always approach a stock with a carefully thought-out plan, but it seems clear that Super Micro Computer's stock has yet to price in its bright future fully. 10 stocks we like better than Super Micro Computer When our analyst team has a stock tip, it can pay to listen.
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They wouldn't know how to design, pick out, and assemble the many components to build a massive computer system, know how to get it working, make it efficient, etc. Each stock's PEG ratio is as follows: Super Micro Computer: 0.6 Palantir: 1.0 Nvidia: 0.9 SMCI EPS LT Growth Estimates data by YCharts Super Micro Computer offers the best value when considering how much you pay for each company's expected future earnings growth. The Motley Fool has positions in and recommends Nvidia and Palantir Technologies.
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c6ba2901-7671-4a41-b0fe-7d36fe47da7d
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714680.0
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2023-12-06 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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DCOMP
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https://www.nasdaq.com/articles/are-you-a-growth-investor-this-1-stock-could-be-the-perfect-pick-348
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nan
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nan
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth Score
Growth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum Score
Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM Score
If you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank
The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: AutoZone (AZO)
AutoZone, Inc. is one of the leading specialty retailers and distributors of automotive replacement parts and accessories in the United States. It operates in the Do-It-Yourself (DIY) retail, Do-It-for-Me (DIFM) auto parts and products markets. At the end of fiscal 2023, the company had 6,300 stores in the United States, 740 in Mexico and 100 in Brazil. The total store count was 7,140 as of Aug 26, 2023. Each store offers wide-ranging products for cars, sport utility vehicles, vans and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories and non-automotive products.
AZO 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. AZO has a Growth Style Score of B, forecasting year-over-year earnings growth of 11.5% for the current fiscal year.
Three analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.29 to $147.64 per share. AZO boasts an average earnings surprise of 8.9%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, AZO should be on investors' short list.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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
AutoZone, Inc. (AZO) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
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, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
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The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks. Click to get this free report AutoZone, Inc. (AZO) : 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 Style Scores are broken down into four categories: Value Score Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
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What are the Zacks Style Scores? That's where the Style Scores come in. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B.
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d27ba0eb-3aea-49cd-ac10-c6badcf150c9
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714681.0
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2023-12-06 00:00:00 UTC
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Are Investors Undervaluing EuroDry (EDRY) Right Now?
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DCOMP
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https://www.nasdaq.com/articles/are-investors-undervaluing-eurodry-edry-right-now
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nan
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nan
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Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use 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 stock to keep an eye on is EuroDry (EDRY). EDRY is currently sporting a Zacks Rank of #1 (Strong Buy), as well as a Value grade of A.
Another notable valuation metric for EDRY is its P/B ratio of 0.51. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. EDRY's current P/B looks attractive when compared to its industry's average P/B of 1.28. EDRY's P/B has been as high as 0.52 and as low as 0.35, with a median of 0.40, over the past year.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. EDRY has a P/S ratio of 1.15. This compares to its industry's average P/S of 1.2.
Finally, our model also underscores that EDRY has a P/CF ratio of 3.97. 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 company's current P/CF looks solid when compared to its industry's average P/CF of 5.24. Within the past 12 months, EDRY's P/CF has been as high as 4.07 and as low as 0.85, with a median of 1.38.
If you're looking for another solid Transportation - Shipping value stock, take a look at Teekay Tankers (TNK). TNK is a # 2 (Buy) stock with a Value score of A.
Shares of Teekay Tankers currently holds a Forward P/E ratio of 5.68, and its PEG ratio is 1.89. In comparison, its industry sports average P/E and PEG ratios of 5.97 and 0.34.
TNK's price-to-earnings ratio has been as high as 5.87 and as low as 1.98, with a median of 4.05, while its PEG ratio has been as high as 1.96 and as low as 0.66, with a median of 1.35, all within the past year.
Additionally, Teekay Tankers has a P/B ratio of 1.19 while its industry's price-to-book ratio sits at 1.28. For TNK, this valuation metric has been as high as 1.51, as low as 0.85, with a median of 1.07 over the past year.
These are only a few of the key metrics included in EuroDry and Teekay Tankers strong Value grade, but they help show that the stocks are likely undervalued right now. When factoring in the strength of its earnings outlook, EDRY and TNK look like an impressive value stock at the moment.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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
EuroDry (EDRY) : Free Stock Analysis Report
Teekay Tankers Ltd. (TNK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys."
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EDRY is currently sporting a Zacks Rank of #1 (Strong Buy), as well as a Value grade of A. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Click to get this free report EuroDry (EDRY) : Free Stock Analysis Report Teekay Tankers Ltd. (TNK) : 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. TNK's price-to-earnings ratio has been as high as 5.87 and as low as 1.98, with a median of 4.05, while its PEG ratio has been as high as 1.96 and as low as 0.66, with a median of 1.35, all within the past year. Click to get this free report EuroDry (EDRY) : Free Stock Analysis Report Teekay Tankers Ltd. (TNK) : 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. EDRY has a P/S ratio of 1.15. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research?
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67e307b6-b582-418c-bc60-154ab58b8d81
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714682.0
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2023-12-06 00:00:00 UTC
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Here's Why Lululemon (LULU) is a Strong Growth Stock
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DCOMP
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https://www.nasdaq.com/articles/heres-why-lululemon-lulu-is-a-strong-growth-stock
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nan
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nan
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For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value Score
For value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth Score
Growth investors, 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 want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank
The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
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.
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: Lululemon (LULU)
Founded in 1998 and based in Vancouver, Canada, lululemon athletica inc. is a yoga-inspired athletic apparel company that creates lifestyle components. The company designs, manufactures and distributes athletic apparel and accessories for women, men and female youth.
LULU 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. LULU has a Growth Style Score of A, forecasting year-over-year earnings growth of 20.7% for the current fiscal year.
Two analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.02 to $12.15 per share. LULU boasts an average earnings surprise of 6.8%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, LULU should be on investors' short list.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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
lululemon athletica inc. (LULU) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks. It rates each stock on their combined weighted styles, helping you find 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. Momentum Score Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
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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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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. What are the Zacks Style Scores? That's where the Style Scores come in.
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b718caea-580c-4ef8-8a66-7500c8737a90
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714683.0
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2023-12-06 00:00:00 UTC
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Should Value Investors Buy Crawford United Corporation (CRAWA) Stock?
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DCOMP
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https://www.nasdaq.com/articles/should-value-investors-buy-crawford-united-corporation-crawa-stock-1
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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.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of 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.
Crawford United Corporation (CRAWA) is a stock many investors are watching right now. CRAWA is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock holds a P/E ratio of 10.26, while its industry has an average P/E of 19.90. Over the past 52 weeks, CRAWA's Forward P/E has been as high as 13.09 and as low as 6.61, with a median of 9.27.
Another notable valuation metric for CRAWA is its P/B ratio of 1.75. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 5.08. Over the past 12 months, CRAWA's P/B has been as high as 2.33 and as low as 1.10, with a median of 1.68.
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. CRAWA has a P/S ratio of 0.67. This compares to its industry's average P/S of 1.43.
Value investors will likely look at more than just these metrics, but the above data helps show that Crawford United Corporation is likely undervalued currently. And when considering the strength of its earnings outlook, CRAWA sticks out at as one of the market's strongest value stocks.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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
Crawford United Corporation (CRAWA) : 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. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys."
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The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Click to get this free report Crawford United Corporation (CRAWA) : 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. Crawford United Corporation (CRAWA) is a stock many investors are watching right now. Click to get this free report Crawford United Corporation (CRAWA) : 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. CRAWA has a P/S ratio of 0.67. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research?
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2e352898-ed5f-4ec5-b7e6-7e4a867604af
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714684.0
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2023-12-06 00:00:00 UTC
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Has Amazon.com (AMZN) Outpaced Other Retail-Wholesale Stocks This Year?
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DCOMP
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https://www.nasdaq.com/articles/has-amazon.com-amzn-outpaced-other-retail-wholesale-stocks-this-year
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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 Amazon (AMZN) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Amazon is one of 221 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #7 within the Zacks Sector Rank. 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 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. Amazon is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for AMZN's full-year earnings has moved 16.9% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, AMZN has returned 74.9% so far this year. Meanwhile, the Retail-Wholesale sector has returned an average of 21.7% on a year-to-date basis. As we can see, Amazon is performing better than its sector in the calendar year.
Another Retail-Wholesale stock, which has outperformed the sector so far this year, is Shake Shack (SHAK). The stock has returned 48.2% year-to-date.
For Shake Shack, the consensus EPS estimate for the current year has increased 31.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Amazon is a member of the Internet - Commerce industry, which includes 42 individual companies and currently sits at #34 in the Zacks Industry Rank. On average, this group has gained an average of 48.7% so far this year, meaning that AMZN is performing better in terms of year-to-date returns.
On the other hand, Shake Shack belongs to the Retail - Restaurants industry. This 42-stock industry is currently ranked #53. The industry has moved +7.8% year to date.
Amazon and Shake Shack could continue their solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to these stocks.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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
Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
Shake Shack, Inc. (SHAK) : 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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Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research?
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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. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Shake Shack, Inc. (SHAK) : 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. Amazon and Shake Shack could continue their solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to these stocks. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Shake Shack, Inc. (SHAK) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Amazon is one of 221 companies in the Retail-Wholesale group. On average, this group has gained an average of 48.7% so far this year, meaning that AMZN is performing better in terms of year-to-date returns. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research?
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f0e9a8c4-ca13-4748-b852-1b2980dace13
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714685.0
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2023-12-06 00:00:00 UTC
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Are Computer and Technology Stocks Lagging Arista Networks (ANET) This Year?
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DCOMP
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https://www.nasdaq.com/articles/are-computer-and-technology-stocks-lagging-arista-networks-anet-this-year-1
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nan
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nan
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For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Arista Networks (ANET) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.
Arista Networks is one of 625 companies in the Computer and Technology group. The Computer and Technology group currently sits at #3 within the Zacks Sector Rank. 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. Arista Networks is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ANET's full-year earnings has moved 6.1% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, ANET has gained about 77.8% so far this year. At the same time, Computer and Technology stocks have gained an average of 45.4%. This means that Arista Networks is outperforming the sector as a whole this year.
Another Computer and Technology stock, which has outperformed the sector so far this year, is Bel Fuse (BELFB). The stock has returned 66.7% year-to-date.
The consensus estimate for Bel Fuse's current year EPS has increased 13% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Arista Networks belongs to the Communication - Components industry, which includes 12 individual stocks and currently sits at #151 in the Zacks Industry Rank. This group has gained an average of 34.2% so far this year, so ANET is performing better in this area.
On the other hand, Bel Fuse belongs to the Electronics - Miscellaneous Products industry. This 35-stock industry is currently ranked #162. The industry has moved +15.6% year to date.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to Arista Networks and Bel Fuse as they could maintain their solid performance.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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
Arista Networks, Inc. (ANET) : Free Stock Analysis Report
Bel Fuse Inc. (BELFB) : 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.
|
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to Arista Networks and Bel Fuse as they could maintain their solid performance. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys."
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The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. Over the past 90 days, the Zacks Consensus Estimate for ANET's full-year earnings has moved 6.1% higher. Click to get this free report Arista Networks, Inc. (ANET) : Free Stock Analysis Report Bel Fuse Inc. (BELFB) : 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. Looking more specifically, Arista Networks belongs to the Communication - Components industry, which includes 12 individual stocks and currently sits at #151 in the Zacks Industry Rank. Click to get this free report Arista Networks, Inc. (ANET) : Free Stock Analysis Report Bel Fuse Inc. (BELFB) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Has Arista Networks (ANET) been one of those stocks this year? Another Computer and Technology stock, which has outperformed the sector so far this year, is Bel Fuse (BELFB). Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research?
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af8e91fa-16dc-436a-84b3-9e024f4f6a61
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714686.0
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2023-12-06 00:00:00 UTC
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Why American Eagle Outfitters (AEO) is a Top Value Stock for the Long-Term
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DCOMP
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https://www.nasdaq.com/articles/why-american-eagle-outfitters-aeo-is-a-top-value-stock-for-the-long-term-1
|
nan
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nan
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For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores?
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
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth Score
Growth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum Score
Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM Score
If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
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.
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: American Eagle Outfitters (AEO)
Based in Pittsburgh, PA, American Eagle Outfitters Inc. is a specialty retailer of casual apparel, accessories and footwear for men and women aged 15–25 years. American Eagle, along with its subsidiaries, engages in the designing and marketing of casual clothing. The company’s assortment includes jeans, cargo pants, graphic T-shirts as well as a range of accessories, outerwear and footwear.
AEO 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 14.59; value investors should take notice.
For fiscal 2024, five analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.04 to $1.33 per share. AEO boasts an average earnings surprise of 23%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, AEO should be on investors' short list.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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
American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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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. #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. The company’s assortment includes jeans, cargo pants, graphic T-shirts as well as a range of accessories, outerwear and footwear.
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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. Stock to Watch: American Eagle Outfitters (AEO) Based in Pittsburgh, PA, American Eagle Outfitters Inc. is a specialty retailer of casual apparel, accessories and footwear for men and women aged 15–25 years. Click to get this free report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. The Style Scores are broken down into four categories: Value Score Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
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What are the Zacks Style Scores? The VGM Score 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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1bf5715a-bedc-4349-b329-71c362826272
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714687.0
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2023-12-06 00:00:00 UTC
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Why Adtalem Global Education (ATGE) is a Top Value Stock for the Long-Term
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DCOMP
|
https://www.nasdaq.com/articles/why-adtalem-global-education-atge-is-a-top-value-stock-for-the-long-term-0
|
nan
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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 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
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth Score
Growth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum Score
Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM Score
If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
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.
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: Adtalem Global Education (ATGE)
Adtalem Global Education Inc. is a leading healthcare education provider and workforce solutions innovator. The institutions of the company offer a wide array of programs across medical and healthcare services. Since first-quarter fiscal 2022, Adtalem has operated in three reportable segments:
ATGE 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 13.8; value investors should take notice.
For fiscal 2024, one analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0 to $4.31 per share. ATGE boasts an average earnings surprise of 19.3%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, ATGE should be on investors' short list.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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
Adtalem Global Education Inc. (ATGE) : 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. 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. Since first-quarter fiscal 2022, Adtalem has operated in three reportable segments: ATGE is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
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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. Stock to Watch: Adtalem Global Education (ATGE) Adtalem Global Education Inc. is a leading healthcare education provider and workforce solutions innovator. Click to get this free report Adtalem Global Education Inc. (ATGE) : 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 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. 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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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 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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98833e1f-f0d8-45b6-8d77-7e242ab5ddfb
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714688.0
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2023-12-06 00:00:00 UTC
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Are Finance Stocks Lagging Capital Southwest (CSWC) This Year?
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DCOMP
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https://www.nasdaq.com/articles/are-finance-stocks-lagging-capital-southwest-cswc-this-year
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nan
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nan
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For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Capital Southwest (CSWC) one of those stocks right now? 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.
Capital Southwest is one of 844 companies in the Finance group. The Finance group currently sits at #9 within 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 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. Capital Southwest is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for CSWC's full-year earnings has moved 2.6% 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, CSWC has returned 32.8% so far this year. Meanwhile, the Finance sector has returned an average of 11.4% on a year-to-date basis. This means that Capital Southwest is outperforming the sector as a whole this year.
Another Finance stock, which has outperformed the sector so far this year, is Erste Group Bank AG (EBKDY). The stock has returned 25.2% year-to-date.
The consensus estimate for Erste Group Bank AG's current year EPS has increased 4.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Capital Southwest is a member of the Financial - Investment Management industry, which includes 38 individual companies and currently sits at #165 in the Zacks Industry Rank. On average, stocks in this group have gained 16.7% this year, meaning that CSWC is performing better in terms of year-to-date returns.
On the other hand, Erste Group Bank AG belongs to the Banks - Foreign industry. This 63-stock industry is currently ranked #173. The industry has moved +16.8% year to date.
Investors interested in the Finance sector may want to keep a close eye on Capital Southwest and Erste Group Bank AG as they attempt to continue their solid performance.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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
Capital Southwest Corporation (CSWC) : Free Stock Analysis Report
Erste Group Bank AG (EBKDY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The consensus estimate for Erste Group Bank AG's current year EPS has increased 4.2% over the past three months. Investors interested in the Finance sector may want to keep a close eye on Capital Southwest and Erste Group Bank AG as they attempt to continue their solid performance. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector.
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The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. Another Finance stock, which has outperformed the sector so far this year, is Erste Group Bank AG (EBKDY). Click to get this free report Capital Southwest Corporation (CSWC) : Free Stock Analysis Report Erste Group Bank AG (EBKDY) : 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. Another Finance stock, which has outperformed the sector so far this year, is Erste Group Bank AG (EBKDY). Click to get this free report Capital Southwest Corporation (CSWC) : Free Stock Analysis Report Erste Group Bank AG (EBKDY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Another Finance stock, which has outperformed the sector so far this year, is Erste Group Bank AG (EBKDY). This 63-stock industry is currently ranked #173. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research?
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2a4df922-48a4-4683-9884-fc310759ec5c
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714689.0
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2023-12-06 00:00:00 UTC
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Are You a Value Investor? This 1 Stock Could Be the Perfect Pick
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DCOMP
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https://www.nasdaq.com/articles/are-you-a-value-investor-this-1-stock-could-be-the-perfect-pick-376
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nan
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nan
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For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores?
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 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
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
What if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Ensign Group (ENSG)
Founded in 1999 and headquartered in San Juan Capistrano, CA, The Ensign Group Inc. provides health care services in the post-acute care continuum, urgent care center and mobile ancillary businesses in the United States.
ENSG 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 22.73; value investors should take notice.
For fiscal 2023, four analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.01 to $4.76 per share. ENSG boasts an average earnings surprise of 1.5%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, ENSG should be on investors' short list.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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 Ensign Group, Inc. (ENSG) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum. 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. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys."
|
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. Click to get this free report The Ensign Group, Inc. (ENSG) : 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. How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
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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. That's where the Style Scores come in. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research?
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21fe9d5c-b52f-4ff5-aa1e-81488df6606f
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714690.0
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2023-12-06 00:00:00 UTC
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Are You a Value Investor? This 1 Stock Could Be the Perfect Pick
|
DCOMP
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https://www.nasdaq.com/articles/are-you-a-value-investor-this-1-stock-could-be-the-perfect-pick-377
|
nan
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nan
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
The 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 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
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 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: Meta Platforms (META)
Meta Platforms is the world’s largest social media platform. The company’s portfolio offering evolved from a single Facebook app to multiple apps like photo and video sharing app Instagram and WhatsApp messaging app owing to acquisitions. Along with in-house developed Messenger, these apps now form Meta’s family of products used by almost 3.96 billion people on a monthly basis as of Sep 30, 2023.
META is a #2 (Buy) 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 22.23; value investors should take notice.
15 analysts revised their earnings estimate higher in the last 60 days for fiscal 2023, while the Zacks Consensus Estimate has increased $0.77 to $14.32 per share. META also boasts an average earnings surprise of 27.5%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, META should be on investors' short list.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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
Meta Platforms, Inc. (META) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
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. Along with in-house developed Messenger, these apps now form Meta’s family of products used by almost 3.96 billion people on a monthly basis as of Sep 30, 2023.
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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. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks. Click to get this free report Meta Platforms, Inc. (META) : 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 is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio. Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
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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. META is a #2 (Buy) on the Zacks Rank, with a VGM Score of A.
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5edaac80-bcb8-4b02-a993-5d8b4db8cbb7
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714691.0
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2023-12-06 00:00:00 UTC
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Why This 1 Value 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-value-stock-could-be-a-great-addition-to-your-portfolio-298
|
nan
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nan
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth Score
While good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum Score
Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM Score
If you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank
The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
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: Kraft Heinz (KHC)
Headquartered in Pittsburgh, PA, The Kraft Heinz Company (KHC) is one of the largest consumer packaged food and beverage companies in North America. It manufactures and markets food and beverage products like condiments and sauces, cheese as well as dairy, meals, meats, refreshment beverages, coffee, and other grocery products.
KHC is a #2 (Buy) on the Zacks Rank, with a VGM Score of B.
It also boasts a Value Style Score of A thanks to attractive valuation metrics like a forward P/E ratio of 12.1; value investors should take notice.
For fiscal 2023, 10 analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.07 to $2.96 per share. KHC boasts an average earnings surprise of 9.9%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, KHC should be on investors' short list.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right Now >>
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Kraft Heinz Company (KHC) : 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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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, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
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The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks. Click to get this free report Kraft Heinz Company (KHC) : 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 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. 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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It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. That's where the Style Scores come in. KHC is a #2 (Buy) on the Zacks Rank, with a VGM Score of B.
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2023-12-06 00:00:00 UTC
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Why Casey's General Stores (CASY) is a Top Value Stock for the Long-Term
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https://www.nasdaq.com/articles/why-caseys-general-stores-casy-is-a-top-value-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.
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 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
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth Score
While good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum Score
Momentum 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 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.
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.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Casey's General Stores (CASY)
Founded in 1959 and based in Ankeny, IA, Casey's General Stores, Inc. operates convenience stores under the Casey's and Casey's General Store names in 16 states, mainly Iowa, Missouri and Illinois. As of Jul 31, 2023, there were a total of 2,536 stores in operation.
CASY 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 23.42; value investors should take notice.
One analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.31 to $11.77 per share. CASY boasts an average earnings surprise of 17.5%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, CASY should be on investors' short list.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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
Casey's General Stores, Inc. (CASY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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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, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector.
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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. Stock to Watch: Casey's General Stores (CASY) Founded in 1959 and based in Ankeny, IA, Casey's General Stores, Inc. operates convenience stores under the Casey's and Casey's General Store names in 16 states, mainly Iowa, Missouri and Illinois.
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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. 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? 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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2023-12-06 00:00:00 UTC
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Casey's (CASY) Q2 Earnings Preview: What You Should Know Beyond the Headline Estimates
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https://www.nasdaq.com/articles/caseys-casy-q2-earnings-preview%3A-what-you-should-know-beyond-the-headline-estimates
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The upcoming report from Casey's General Stores (CASY) is expected to reveal quarterly earnings of $3.65 per share, indicating a decline of 0.5% compared to the year-ago period. Analysts forecast revenues of $4.15 billion, representing an increase of 4.3% year over year.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
That said, let's delve into the average estimates of some Casey's metrics that Wall Street analysts commonly model and monitor.
The collective assessment of analysts points to an estimated 'Net sales- Fuel' of $2.67 billion. The estimate points to a change of +1.2% from the year-ago quarter.
Analysts forecast 'Net sales- Other' to reach $70.56 million. The estimate indicates a change of -4.9% from the prior-year quarter.
The consensus estimate for 'Net sales- Prepared Food & Dispensed Beverage' stands at $378.34 million. The estimate indicates a year-over-year change of +7.7%.
Based on the collective assessment of analysts, 'Net sales- Grocery & General Merchandise' should arrive at $985.66 million. The estimate indicates a change of +7.5% from the prior-year quarter.
The consensus among analysts is that 'Same-store sales - Prepared Food & Dispensed Beverage - YoY change' will reach 3.9%. The estimate compares to the year-ago value of 10.5%.
Analysts predict that the 'Number of Fuel gallons sold' will reach 731.72 million. The estimate is in contrast to the year-ago figure of 702.04 million.
The average prediction of analysts places 'Number of Stores (EOP)' at 2,562. Compared to the present estimate, the company reported 2,463 in the same quarter last year.
The combined assessment of analysts suggests that 'Same-store sales - Grocery & General Merchandise - YoY change' will likely reach 3.8%. Compared to the current estimate, the company reported 6.9% in the same quarter of the previous year.
Analysts expect 'Gross profit- Grocery & General Merchandise' to come in at $330.77 million. Compared to the present estimate, the company reported $305.25 million in the same quarter last year.
It is projected by analysts that the 'Gross profit- Prepared Food & Dispensed Beverage' will reach $220.75 million. Compared to the present estimate, the company reported $199.22 million in the same quarter last year.
According to the collective judgment of analysts, 'Gross profit- Other' should come in at $23.06 million. Compared to the current estimate, the company reported $22.06 million in the same quarter of the previous year.
Analysts' assessment points toward 'Gross profit- Fuel' reaching $273.41 million. The estimate compares to the year-ago value of $284.41 million.
View all Key Company Metrics for Casey's here>>>
Casey's shares have witnessed a change of +0.4% in the past month, in contrast to the Zacks S&P 500 composite's +5.1% move. With a Zacks Rank #2 (Buy), CASY is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Casey's General Stores, Inc. (CASY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The upcoming report from Casey's General Stores (CASY) is expected to reveal quarterly earnings of $3.65 per share, indicating a decline of 0.5% compared to the year-ago period. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock. While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
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While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights. The consensus among analysts is that 'Same-store sales - Prepared Food & Dispensed Beverage - YoY change' will reach 3.9%. Click to get this free report Casey's General Stores, Inc. (CASY) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Compared to the present estimate, the company reported $305.25 million in the same quarter last year. Compared to the present estimate, the company reported $199.22 million in the same quarter last year. Compared to the current estimate, the company reported $22.06 million in the same quarter of the previous year.
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The upcoming report from Casey's General Stores (CASY) is expected to reveal quarterly earnings of $3.65 per share, indicating a decline of 0.5% compared to the year-ago period. The collective assessment of analysts points to an estimated 'Net sales- Fuel' of $2.67 billion. Compared to the present estimate, the company reported 2,463 in the same quarter last year.
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2023-12-06 00:00:00 UTC
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Campbell Soup (CPB) Q1 Earnings Top Estimates, Sales Drop Y/Y
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https://www.nasdaq.com/articles/campbell-soup-cpb-q1-earnings-top-estimates-sales-drop-y-y
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Campbell Soup Company CPB reported first-quarter fiscal 2024 results, wherein the top and bottom lines declined year over year, though both metrics came ahead of the Zacks Consensus Estimate. Management retained its guidance for fiscal 2024.
The company continued to navigate the existing consumer landscape in the first quarter, wherein it lapped solid growth rates from the year-ago period. Campbell Soup remains encouraged about the holiday season and the rest of the year due to greater innovation and brand strength. It also remains encouraged about the Sovos Brands acquisition, which is expected to conclude in the calendar year 2024.
Quarterly Highlights
Adjusted earnings tumbled 11% year over year to 91 cents per share due to lower adjusted EBIT and slightly elevated interest expenses, somewhat made up by lower shares outstanding. However, the bottom line came ahead of the Zacks Consensus Estimate of 87 cents.
Campbell Soup Company Price, Consensus and EPS Surprise
Campbell Soup Company price-consensus-eps-surprise-chart | Campbell Soup Company Quote
Net sales of $2,518 million decreased 2% year over year, though it surpassed the Zacks Consensus Estimate of $2,508 million. Organic net sales dipped 1% year over year. The downside can be attributed to the soft volume/mix (down 5%), somewhat offset by net price realization (up 3%). Our model suggested a volume/mix decline of 4.9% and a pricing increase of 2.9% for the quarter under review.
The company’s adjusted gross profit declined to $809 million from $829 million reported in the year-ago quarter. The adjusted gross profit margin contracted 10 basis points (bps) to 32.1% due to the adverse volume/mix, ongoing cost inflation and increased other supply-chain costs. These were somewhat offset by favorable net price realization, supply-chain productivity improvements and cost-saving efforts.
Adjusted marketing and selling expenses rose 9% to $220 million due to a 6% increase in advertising and consumer promotion expenses (A&C). Adjusted EBIT declined 9% to $407 million due to reduced gross profit, elevated adjusted marketing and selling costs as well as changes in pension and postretirement benefit income, partly countered by lower adjusted administrative expenses.
Segmental Analysis
Meals & Beverages: Net sales declined 4% year over year to $1,404 million. We expected a segment sales decrease of 3.9% to $1,398.3 million. Organic sales dropped 3% due to softness in U.S. retail products (especially U.S. soup and beverages), partially compensated by strength in foodservice. The favorable net price realization was more than offset by the adverse volume/mix. Sales of U.S. soup fell by 5%. Operating earnings in the unit declined 13%, primarily due to the reduced gross profit.
Snacks: Net sales in the division fell 1% (up 1% organically) to $1,114 million. Our model suggested a 1.9% net sales decline to $1,098 million. The upside can be attributed to sales of eight power brands, which rose 5%.
Sales growth was fueled by a rise in cookies and crackers, specifically Goldfish crackers and Lance sandwich crackers. Favorable net price realization contributed to the upside, which was partially offset by volume/mix declines. Segmental operating earnings jumped 5%, driven by the increased gross profit.
Other Financial Details
As of the end of the first quarter, Campbell Soup had cash and cash equivalents of about $91 million and total debt of $4,706 million. CPB generated $174 million in cash flow from operations in the first quarter. Capital expenditures were $143 million in the said period.
CPB paid $114 million in cash dividends and bought back nearly $28 million worth of shares during the first quarter. At the quarter-end, it had nearly $301 million remaining under its current $500-million share repurchase plan and almost $76 million remaining under its $250 million anti-dilutive share repurchase plan.
Through the first quarter of fiscal 2024, the company generated $895 million in savings under its multi-year cost-saving program, including Snyder’s-Lance synergies. Management remains on track to deliver savings worth $1 billion by the fiscal 2025-end.
Fiscal 2024 Guidance
Management reiterated its guidance for fiscal 2024 based on the first-quarter show. The pending buyout of Sovos Brands is not included in the current fiscal 2024 view.
For fiscal 2024, the company expects net sales growth in the range of a 0.5% decline to an increase of 1.5%. Organic sales growth is likely to range between flat and an increase of 2%. Adjusted EBIT is forecasted to be up 3-5%. Adjusted EPS is envisioned to increase 3-5% to $3.09-$3.15.
Management expects volume declines in the first half of fiscal 2024, along with sequential improvements resulting in positive trends in the second half. Apart from this, net sales are likely to reflect lower contributions from pricing and disciplined promotion levels. Finally, CPB expects modest earnings and margin improvements in the fiscal, weighted to the second half. This reflects a moderating inflationary landscape, together with ongoing productivity enhancements.
Shares of this Zacks Rank #3 (Hold) company have dropped 10.8% in the past six months compared with the industry's decline of 8%.
3 Appetizing Picks
The Kraft Heinz Company KHC, a food and beverage product company, currently carries a Zacks Rank #2 (Buy). KHC has a trailing four-quarter earnings surprise of 9.9%, on average. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for Kraft Heinz’s current financial-year sales and earnings suggests growth of 1.1% and 6.5%, respectively, from the year-ago reported numbers.
Celsius Holdings, Inc. CELH, which develops, processes, markets, distributes and sells functional drinks and liquid supplements, holds a Zacks Rank #2. CELH has a trailing four-quarter earnings surprise of 110.9%, on average.
The Zacks Consensus Estimate for Celsius Holdings’ current financial-year sales and earnings suggests growth of 98.5% and 184.1%, respectively, from the year-ago reported numbers.
Vital Farms Inc. VITL offers a range of produced pasture-raised foods. It currently has a Zacks Rank #2. VITL has a trailing four-quarter earnings surprise of 145%, on average.
The Zacks Consensus Estimate for Vital Farms’ current financial-year sales suggests growth of 29.4% from the year-ago reported figure.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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
Campbell Soup Company (CPB) : Free Stock Analysis Report
Kraft Heinz Company (KHC) : Free Stock Analysis Report
Celsius Holdings Inc. (CELH) : Free Stock Analysis Report
Vital Farms, Inc. (VITL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Zacks Consensus Estimate for Kraft Heinz’s current financial-year sales and earnings suggests growth of 1.1% and 6.5%, respectively, from the year-ago reported numbers. The Zacks Consensus Estimate for Celsius Holdings’ current financial-year sales and earnings suggests growth of 98.5% and 184.1%, respectively, from the year-ago reported numbers. The Zacks Consensus Estimate for Vital Farms’ current financial-year sales suggests growth of 29.4% from the year-ago reported figure.
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Campbell Soup Company Price, Consensus and EPS Surprise Campbell Soup Company price-consensus-eps-surprise-chart | Campbell Soup Company Quote Net sales of $2,518 million decreased 2% year over year, though it surpassed the Zacks Consensus Estimate of $2,508 million. Adjusted EBIT declined 9% to $407 million due to reduced gross profit, elevated adjusted marketing and selling costs as well as changes in pension and postretirement benefit income, partly countered by lower adjusted administrative expenses. Click to get this free report Campbell Soup Company (CPB) : Free Stock Analysis Report Kraft Heinz Company (KHC) : Free Stock Analysis Report Celsius Holdings Inc. (CELH) : Free Stock Analysis Report Vital Farms, Inc. (VITL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Campbell Soup Company CPB reported first-quarter fiscal 2024 results, wherein the top and bottom lines declined year over year, though both metrics came ahead of the Zacks Consensus Estimate. Campbell Soup Company Price, Consensus and EPS Surprise Campbell Soup Company price-consensus-eps-surprise-chart | Campbell Soup Company Quote Net sales of $2,518 million decreased 2% year over year, though it surpassed the Zacks Consensus Estimate of $2,508 million. Click to get this free report Campbell Soup Company (CPB) : Free Stock Analysis Report Kraft Heinz Company (KHC) : Free Stock Analysis Report Celsius Holdings Inc. (CELH) : Free Stock Analysis Report Vital Farms, Inc. (VITL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Campbell Soup Company Price, Consensus and EPS Surprise Campbell Soup Company price-consensus-eps-surprise-chart | Campbell Soup Company Quote Net sales of $2,518 million decreased 2% year over year, though it surpassed the Zacks Consensus Estimate of $2,508 million. The company’s adjusted gross profit declined to $809 million from $829 million reported in the year-ago quarter. For fiscal 2024, the company expects net sales growth in the range of a 0.5% decline to an increase of 1.5%.
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2023-12-06 00:00:00 UTC
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Down More Than 40% From Its High, Is Toast Stock a Buy?
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https://www.nasdaq.com/articles/down-more-than-40-from-its-high-is-toast-stock-a-buy
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Toast (NYSE: TOST) went public a little over two years ago. It has been a rough ride as its shares are down 75% since then. And today, the stock is down more than 40% from its 52-week high of $27.
The company's point-of-sale devices help simplify operations for restaurants. Not only does it help to process transactions but it also integrates with marketing activities and makes scheduling easy. And with the business in its early growth stages, there's still lots of room for Toast to grow in the future.
Is the company worth investing in despite the stock's disappointing performance?
Toast's growth rate has been falling sharply
On Nov. 7, Toast reported its third-quarter earnings. Sales jumped 37% year over year to just over $1 billion for the period. While that's a strong rate of growth for the technology company -- and for most any business -- it's also far lower than the growth it has achieved in previous periods.
TOST Revenue (Quarterly YoY Growth) data by YCharts
For the last quarter of the year, the company is projecting revenue to be the same as it was in the third quarter, which would still be 30% higher than the $769 million in revenue the business generated a year ago. The more concerning development is that on a quarter-over-quarter basis, the company isn't generating more growth.
Although Toast's devices are in 99,000 locations, the company isn't running out of growth opportunities as the restaurant industry is massive. Still, the loss of sales momentum does explain why investors haven't been overly bullish on the stock of late.
There are improvements in the business
Toast's strong growth has helped shrink the company's losses, but it isn't at breakeven yet. Last quarter, the company incurred an operating loss of $59 million, which was an improvement from the $85 million loss it posted in the prior-year period. The risk, however, is that if the growth rate continues to slow down, there may not be significant improvements in the bottom line forthcoming.
But another positive is that the business generated positive free cash flow. This is a good sign for investors as it suggests the business is sustainable and may be able to fund its own growth without having to heavily rely on issuing shares. The key thing to watch is whether this pattern continues since cash flow can fluctuate significantly from one period to the next.
TOST Free Cash Flow (Quarterly) data by YCharts
Toast is a cheap stock to buy
Toast's business isn't profitable, so a price-to-earnings multiple can't help investors to evaluate the business. But in terms of its price-to-sales ratio, it could be a potential bargain. With the stock trading at just 2 times its trailing revenue, investors don't have to pay a big premium to own a piece of the business. It's also trading within a few dollars of its 52-week low of $13.77.
And although analysts have been lowering their price targets for the growth stock recently, the consensus analyst price target remains above $20. Price targets are by no means a guarantee of where the stock will go, but they can suggest how much growth potential analysts see in the near term for the business.
Should you invest in Toast?
Toast's stock looks appealing for multiple reasons. Its beaten-down valuation has made it more attractive. And with more restaurants turning to automation and more integrated technological point-of-sale devices, Toast could do well as the industry looks to become more tech savvy. While there's still some risk with the business, it does look to be on a positive trajectory.
For investors who are willing to patient with the stock and buy and hold, Toast could make for an underrated investment to load up on today.
10 stocks we like better than Toast
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They just revealed what they believe are the ten best stocks for investors to buy right now... and Toast 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
David Jagielski has no position in any of the stocks mentioned. The Motley Fool recommends Toast. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This is a good sign for investors as it suggests the business is sustainable and may be able to fund its own growth without having to heavily rely on issuing shares. With the stock trading at just 2 times its trailing revenue, investors don't have to pay a big premium to own a piece of the business. And with more restaurants turning to automation and more integrated technological point-of-sale devices, Toast could do well as the industry looks to become more tech savvy.
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TOST Revenue (Quarterly YoY Growth) data by YCharts For the last quarter of the year, the company is projecting revenue to be the same as it was in the third quarter, which would still be 30% higher than the $769 million in revenue the business generated a year ago. TOST Free Cash Flow (Quarterly) data by YCharts Toast is a cheap stock to buy Toast's business isn't profitable, so a price-to-earnings multiple can't help investors to evaluate the business. And with more restaurants turning to automation and more integrated technological point-of-sale devices, Toast could do well as the industry looks to become more tech savvy.
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TOST Revenue (Quarterly YoY Growth) data by YCharts For the last quarter of the year, the company is projecting revenue to be the same as it was in the third quarter, which would still be 30% higher than the $769 million in revenue the business generated a year ago. There are improvements in the business Toast's strong growth has helped shrink the company's losses, but it isn't at breakeven yet. TOST Free Cash Flow (Quarterly) data by YCharts Toast is a cheap stock to buy Toast's business isn't profitable, so a price-to-earnings multiple can't help investors to evaluate the business.
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TOST Free Cash Flow (Quarterly) data by YCharts Toast is a cheap stock to buy Toast's business isn't profitable, so a price-to-earnings multiple can't help investors to evaluate the business. For investors who are willing to patient with the stock and buy and hold, Toast could make for an underrated investment to load up on today. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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f09c6d7e-0b82-4fd5-b486-d9de8c5dca44
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714696.0
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2023-12-06 00:00:00 UTC
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SentinelOne soars on 'emerging cybersecurity challenger' label from Wall St
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DCOMP
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https://www.nasdaq.com/articles/sentinelone-soars-on-emerging-cybersecurity-challenger-label-from-wall-st
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nan
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nan
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By Akash Sriram
Dec 6 (Reuters) - SentinelOne S.N surged nearly 14% on Wednesday after a strong quarterly revenue forecast signaled its entry into the cybersecurity big leagues, challenging larger rivals like Microsoft MSFT.O and CrowdStrike CRWD.O.
The stock hit a more than one-year high and could add nearly $1 billion in value if gains hold, topping up a rise of about 37% notched for the year so far.
SentinelOne's consolidated platform for enterprise customers as well as the competitive advantages of its Data Lake product are among the top factors behind its growth and rising customer base, analysts have said.
Its efforts to tap growing demand for security services focused on end-user devices such as laptops and smartphones are also paying off.
"We view SentinelOne as an emerging challenger in the endpoint security space, a prominent part of the cybersecurity stack that has been dominated by larger competitors such as Microsoft and CrowdStrike," Morningstar analysts said in a note.
SentinelOne has also rolled out products such as the generative AI-powered Purple AI and Singularity platform to help plug vulnerabilities that come with the rising digital presence of businesses.
"We continue to win a significant majority of competitive evaluations against both next-gen and legacy endpoint providers," said CEO Tomer Weingarten.
D.A. Davidson analysts said Data Lake, a data collection and investigation product, offers notable cost savings and superior speed than rival Splunk SPLK.O, which is set to be bought by Cisco CSCO.O for $28 billion.
At least eight brokerages raised their price targets on SentinelOne, with an average rating of "buy" and median target of $20, in line with closing prices before its results on Tuesday.
SentinelOne forecast fourth-quarter revenue of $169 million and projected $616 million in annual sales, both surpassing estimates, according to LSEG data.
The stock has a 12-month forward price-to-sales ratio - which measures valuation - of 7.7, compared with larger rival CrowdStrike's 15.1 and 10.7 for Microsoft, whose operations also include endpoint security.
(Reporting by Akash Sriram in Bengaluru; Editing by Devika Syamnath)
((Akash.Sriram@thomsonreuters.com; On X as @HoodieOnVeshti; +91-74116-87774;))
The views and 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 Akash Sriram Dec 6 (Reuters) - SentinelOne S.N surged nearly 14% on Wednesday after a strong quarterly revenue forecast signaled its entry into the cybersecurity big leagues, challenging larger rivals like Microsoft MSFT.O and CrowdStrike CRWD.O. "We view SentinelOne as an emerging challenger in the endpoint security space, a prominent part of the cybersecurity stack that has been dominated by larger competitors such as Microsoft and CrowdStrike," Morningstar analysts said in a note. The stock has a 12-month forward price-to-sales ratio - which measures valuation - of 7.7, compared with larger rival CrowdStrike's 15.1 and 10.7 for Microsoft, whose operations also include endpoint security.
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By Akash Sriram Dec 6 (Reuters) - SentinelOne S.N surged nearly 14% on Wednesday after a strong quarterly revenue forecast signaled its entry into the cybersecurity big leagues, challenging larger rivals like Microsoft MSFT.O and CrowdStrike CRWD.O. SentinelOne forecast fourth-quarter revenue of $169 million and projected $616 million in annual sales, both surpassing estimates, according to LSEG data. The stock has a 12-month forward price-to-sales ratio - which measures valuation - of 7.7, compared with larger rival CrowdStrike's 15.1 and 10.7 for Microsoft, whose operations also include endpoint security.
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By Akash Sriram Dec 6 (Reuters) - SentinelOne S.N surged nearly 14% on Wednesday after a strong quarterly revenue forecast signaled its entry into the cybersecurity big leagues, challenging larger rivals like Microsoft MSFT.O and CrowdStrike CRWD.O. SentinelOne's consolidated platform for enterprise customers as well as the competitive advantages of its Data Lake product are among the top factors behind its growth and rising customer base, analysts have said. "We view SentinelOne as an emerging challenger in the endpoint security space, a prominent part of the cybersecurity stack that has been dominated by larger competitors such as Microsoft and CrowdStrike," Morningstar analysts said in a note.
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By Akash Sriram Dec 6 (Reuters) - SentinelOne S.N surged nearly 14% on Wednesday after a strong quarterly revenue forecast signaled its entry into the cybersecurity big leagues, challenging larger rivals like Microsoft MSFT.O and CrowdStrike CRWD.O. The stock hit a more than one-year high and could add nearly $1 billion in value if gains hold, topping up a rise of about 37% notched for the year so far. SentinelOne's consolidated platform for enterprise customers as well as the competitive advantages of its Data Lake product are among the top factors behind its growth and rising customer base, analysts have said.
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94c9fd84-2659-479e-b604-6e2347746bac
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714697.0
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2023-12-06 00:00:00 UTC
|
After Plunging -35.07% in 4 Weeks, Here's Why the Trend Might Reverse for Edgio (EGIO)
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DCOMP
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https://www.nasdaq.com/articles/after-plunging-35.07-in-4-weeks-heres-why-the-trend-might-reverse-for-edgio-egio
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nan
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nan
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Edgio (EGIO) has been beaten down lately with too much selling pressure. While the stock has lost 35.1% 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.
Here's Why EGIO Could Experience a Turnaround
The RSI reading of 26.7 for EGIO 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 EGIO has increased 1.6%. And an upward trend in earnings estimate revisions usually translates into price appreciation in the near term.
Moreover, EGIO 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 >>>>
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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
Edgio, Inc. (EGIO) : 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 stock has lost 35.1% 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. 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. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys."
|
You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Click to get this free report Edgio, Inc. (EGIO) : 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. Here's Why EGIO Could Experience a Turnaround The RSI reading of 26.7 for EGIO 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. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector.
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And an upward trend in earnings estimate revisions usually translates into price appreciation in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research?
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a0b27367-cb5a-4ebd-a4bd-6e207c89d5e8
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714698.0
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2023-12-06 00:00:00 UTC
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Are Auto-Tires-Trucks Stocks Lagging PACCAR (PCAR) This Year?
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DCOMP
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https://www.nasdaq.com/articles/are-auto-tires-trucks-stocks-lagging-paccar-pcar-this-year-0
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nan
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nan
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For those looking to find strong Auto-Tires-Trucks stocks, it is prudent to search for companies in the group that are outperforming their peers. Paccar (PCAR) 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 Auto-Tires-Trucks peers, we might be able to answer that question.
Paccar is one of 113 companies in the Auto-Tires-Trucks group. The Auto-Tires-Trucks group currently sits at #10 within 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 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. Paccar is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for PCAR's full-year earnings has moved 5.2% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, PCAR has moved about 42.3% on a year-to-date basis. Meanwhile, stocks in the Auto-Tires-Trucks group have gained about 34% on average. As we can see, Paccar is performing better than its sector in the calendar year.
Another stock in the Auto-Tires-Trucks sector, Stellantis (STLA), has outperformed the sector so far this year. The stock's year-to-date return is 54.9%.
In Stellantis' case, the consensus EPS estimate for the current year increased 8.5% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Paccar is a member of the Automotive - Domestic industry, which includes 20 individual companies and currently sits at #157 in the Zacks Industry Rank. Stocks in this group have gained about 47.3% so far this year, so PCAR is slightly underperforming its industry this group in terms of year-to-date returns.
On the other hand, Stellantis belongs to the Automotive - Foreign industry. This 26-stock industry is currently ranked #38. The industry has moved +34.5% year to date.
Paccar and Stellantis could continue their solid performance, so investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to these stocks.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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
PACCAR Inc. (PCAR) : Free Stock Analysis Report
Stellantis N.V. (STLA) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Paccar (PCAR) 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? Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys."
|
Over the past three months, the Zacks Consensus Estimate for PCAR's full-year earnings has moved 5.2% higher. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Click to get this free report PACCAR Inc. (PCAR) : Free Stock Analysis Report Stellantis N.V. (STLA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks in this group have gained about 47.3% so far this year, so PCAR is slightly underperforming its industry this group in terms of year-to-date returns. Paccar and Stellantis could continue their solid performance, so investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to these stocks. Click to get this free report PACCAR Inc. (PCAR) : Free Stock Analysis Report Stellantis N.V. (STLA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Another stock in the Auto-Tires-Trucks sector, Stellantis (STLA), has outperformed the sector so far this year. This 26-stock industry is currently ranked #38. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research?
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d1d16821-c431-4f08-abce-390b002ba85b
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714699.0
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2023-12-06 00:00:00 UTC
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Wall Street Analysts See a 56.25% Upside in Alpine Immune Sciences, Inc. (ALPN): Can the Stock Really Move This High?
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DCOMP
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https://www.nasdaq.com/articles/wall-street-analysts-see-a-56.25-upside-in-alpine-immune-sciences-inc.-alpn%3A-can-the-stock
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nan
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nan
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Shares of Alpine Immune Sciences, Inc. (ALPN) have gained 22% over the past four weeks to close the last trading session at $15.36, 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 $24 indicates a potential upside of 56.3%.
The mean estimate comprises seven short-term price targets with a standard deviation of $5.26. While the lowest estimate of $17 indicates a 10.7% increase from the current price level, the most optimistic analyst expects the stock to surge 95.3% 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 ALPN. 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 ALPN
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.
For the current year, five estimates have moved higher over the last 30 days while one has gone lower. As a result, the Zacks Consensus Estimate has increased 10.8%.
Moreover, ALPN 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 ALPN could gain, the direction of price movement it implies does appear to be a good guide.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right 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
Alpine Immune Sciences, Inc. (ALPN) : 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 Alpine Immune Sciences, Inc. (ALPN) have gained 22% over the past four weeks to close the last trading session at $15.36, 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.
|
Shares of Alpine Immune Sciences, Inc. (ALPN) have gained 22% over the past four weeks to close the last trading session at $15.36, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. That's because empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Click to get this free report Alpine Immune Sciences, Inc. (ALPN) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
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 ALPN could gain, the direction of price movement it implies does appear to be a good guide.
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Going by the price targets, the mean estimate of $24 indicates a potential upside of 56.3%. However, an impressive consensus price target is not the only factor that indicates a potential upside in ALPN. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research?
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ae60a10f-d550-46f0-9eb6-2811ecd6d946
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