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715700.0
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2023-11-20 00:00:00 UTC
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Supreme Court won't review $40 million DuPont PFAS verdict tied to cancer
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DD
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https://www.nasdaq.com/articles/supreme-court-wont-review-%2440-million-dupont-pfas-verdict-tied-to-cancer
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By Clark Mindock
Nov. 20(Reuters) - The U.S. Supreme Court on Monday refused to review a $40 million verdict against E.I. du Pont de Nemours & Co, preserving a legal win for an Ohio man who said toxic "forever chemicals" released by the company into drinking water caused his cancer.
DuPont had asked the high court in June to review the case, saying its defense was hamstrung during Travis Abbott's 2020 trial.
The company said Abbott’s case is unique, as are the thousands of lawsuits alleging that a West Virginia DuPont plant discharged cancer-causing Perfluorooctanoic acid (PFOA) into the Ohio River consolidated in multidistrict litigation (MDL) in Ohio federal court. DuPont claimed a lower court improperly restricted it from contesting findings that it negligently exposed people to PFOA from lawsuits that were tried earlier as test trials, or "bellwethers."
Doing so kept the company from mounting a defense that key elements of the cases are different, including specifics of Abbott's PFOA exposure, it said.
The company had asked the justices to determine the court cannot make the results from bellwether trials binding on the company in every other case within the MDL.
As is customary, the court's order was issued without further explanation.
DuPont did not immediately respond to a request for comment. An attorney for Abbott said they are pleased with the court's decision.
PFOA is among a class of chemicals called per- and polyfluoroalkyl substances, or PFAS, that are used in wide range of products including non-stick cookware and firefighting foams, and are associated with certain cancers, hormonal dysfunction and other diseases.
They are referred to as “forever chemicals” because they don’t easily break down in the human body or nature.
The company appealed Abbott's trial victory to the 6th U.S. Circuit Court of Appeals in 2021, arguing the bellwethers were never intended to be representative of every case in the MDL, many of which have settled.
DuPont argued Abbott’s circumstances were much different from the plaintiffs in the bellwether trials. For example, his water wells were up to 56 miles away from the plant, while two of the bellwether plaintiffs got water less than a mile away. Those differences could have convinced a jury Abbott's injuries were not reasonably foreseeable to DuPont.
The 6th Circuit upheld the lower court’s decision, finding it was right to conclude that DuPont’s behavior impacted the plaintiffs in virtually identical ways, so it was appropriate to bar the company from relitigating arguments it had repeatedly lost before.
Dissenting from the high court's decision not to grant review, Justice Clarence Thomas said Monday the bellwether trials were not meant to be representative of all the cases in the multidistrict litigation, and DuPont should not have been barred from contesting elements of negligence found in those earlier cases.
Justice Brett Kavanaugh said he would have heard the case.
The case is E.I. du Pont de Nemours & Co v. Abbott, U.S. Supreme Court, No. 23-13.
For DuPont: Paul Clement of Clement & Murphy
For Abbott: Matthew Wessler of Gupta Wessler
Read more:
DuPont seeks US Supreme Court review after $40 million PFAS cancer verdict
DuPont loses challenge over cancer victim's $40 mln verdict in PFAS case
(Reporting by Clark Mindock)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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du Pont de Nemours & Co, preserving a legal win for an Ohio man who said toxic "forever chemicals" released by the company into drinking water caused his cancer. PFOA is among a class of chemicals called per- and polyfluoroalkyl substances, or PFAS, that are used in wide range of products including non-stick cookware and firefighting foams, and are associated with certain cancers, hormonal dysfunction and other diseases. The 6th Circuit upheld the lower court’s decision, finding it was right to conclude that DuPont’s behavior impacted the plaintiffs in virtually identical ways, so it was appropriate to bar the company from relitigating arguments it had repeatedly lost before.
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By Clark Mindock Nov. 20(Reuters) - The U.S. Supreme Court on Monday refused to review a $40 million verdict against E.I. du Pont de Nemours & Co v. Abbott, U.S. Supreme Court, No. For DuPont: Paul Clement of Clement & Murphy For Abbott: Matthew Wessler of Gupta Wessler Read more: DuPont seeks US Supreme Court review after $40 million PFAS cancer verdict DuPont loses challenge over cancer victim's $40 mln verdict in PFAS case (Reporting by Clark Mindock) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company said Abbott’s case is unique, as are the thousands of lawsuits alleging that a West Virginia DuPont plant discharged cancer-causing Perfluorooctanoic acid (PFOA) into the Ohio River consolidated in multidistrict litigation (MDL) in Ohio federal court. Dissenting from the high court's decision not to grant review, Justice Clarence Thomas said Monday the bellwether trials were not meant to be representative of all the cases in the multidistrict litigation, and DuPont should not have been barred from contesting elements of negligence found in those earlier cases. For DuPont: Paul Clement of Clement & Murphy For Abbott: Matthew Wessler of Gupta Wessler Read more: DuPont seeks US Supreme Court review after $40 million PFAS cancer verdict DuPont loses challenge over cancer victim's $40 mln verdict in PFAS case (Reporting by Clark Mindock) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company had asked the justices to determine the court cannot make the results from bellwether trials binding on the company in every other case within the MDL. DuPont argued Abbott’s circumstances were much different from the plaintiffs in the bellwether trials. Dissenting from the high court's decision not to grant review, Justice Clarence Thomas said Monday the bellwether trials were not meant to be representative of all the cases in the multidistrict litigation, and DuPont should not have been barred from contesting elements of negligence found in those earlier cases.
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58cd5927-b994-4597-a870-c5d07bce826c
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715701.0
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2023-11-20 00:00:00 UTC
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Here's Why DuPont de Nemours (DD) is a Strong Value Stock
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DD
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https://www.nasdaq.com/articles/heres-why-dupont-de-nemours-dd-is-a-strong-value-stock
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nan
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nan
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It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
The 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
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth Score
While good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
What if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
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: DuPont de Nemours (DD)
DuPont de Nemours, Inc., which was formerly known as DowDuPont Inc., started trading as a stand-alone company on Jun 3, 2019 following the separation of its Agriculture division through the spin-off of Corteva, Inc. Following the Corteva separation, DuPont now holds the specialty products business of the former DowDuPont.
DD 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 20.59; 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 $3.46 per share. DD boasts an average earnings surprise of 7.1%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, DD should be on investors' short list.
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 credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows.
It could rival or surpass other recent 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
DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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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Stock to Watch: DuPont de Nemours (DD) DuPont de Nemours, Inc., which was formerly known as DowDuPont Inc., started trading as a stand-alone company on Jun 3, 2019 following the separation of its Agriculture division through the spin-off of Corteva, Inc. DD is a #3 (Hold) on the Zacks Rank, with a VGM Score of B. DD boasts an average earnings surprise of 7.1%.
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Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report To read this article on Zacks.com click here. Stock to Watch: DuPont de Nemours (DD) DuPont de Nemours, Inc., which was formerly known as DowDuPont Inc., started trading as a stand-alone company on Jun 3, 2019 following the separation of its Agriculture division through the spin-off of Corteva, Inc. DD is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
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Stock to Watch: DuPont de Nemours (DD) DuPont de Nemours, Inc., which was formerly known as DowDuPont Inc., started trading as a stand-alone company on Jun 3, 2019 following the separation of its Agriculture division through the spin-off of Corteva, Inc. DD is a #3 (Hold) on the Zacks Rank, with a VGM Score of B. DD boasts an average earnings surprise of 7.1%.
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Stock to Watch: DuPont de Nemours (DD) DuPont de Nemours, Inc., which was formerly known as DowDuPont Inc., started trading as a stand-alone company on Jun 3, 2019 following the separation of its Agriculture division through the spin-off of Corteva, Inc. DD is a #3 (Hold) on the Zacks Rank, with a VGM Score of B. DD boasts an average earnings surprise of 7.1%.
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c3970110-3971-4ac9-b02a-bc30c5a1151f
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715702.0
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2023-11-17 00:00:00 UTC
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DuPont (DD) Fortilife NF1000 Membrane Now Available Globally
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DD
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https://www.nasdaq.com/articles/dupont-dd-fortilife-nf1000-membrane-now-available-globally
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DuPont de Nemours Inc. DD has announced that DuPont FilmTec Fortilife NF1000 membrane elements are now being sold globally. Compared to previous versions of the technology, the high-productivity nanofiltration elements enable enhanced wastewater reuse and resource recovery in some of the most difficult applications while consuming less energy.
The Fortilife NF1000 was originally introduced in the Asia Pacific region, where Minimal Liquid Discharge (MLD) solutions are more extensively used to meet both wastewater management requirements and corporate circularity goals.
Fortilife NF1000, a spiral-wound nanofiltration membrane, offers demanding separations in high-pressure industrial wastewater applications while providing high water flux and remarkable high-pH durability.
DuPont aims to use an MLD technique that includes reverse osmosis and nanofiltration elements to reduce the volume of water transferred to final thermal treatment, hence lowering operational costs while recovering water for reuse.
Shares of DuPont have gained 1.7% over the past year against an 11.6% decline of its industry.
Image Source: Zacks Investment Research
The company, on its third-quarter call, said that it now sees net sales for 2023 to be around $12,170 million. Adjusted earnings per share for 2023 are forecast to be around $3.45. Also, Operating EBITDA for 2023 is expected to be approximately $2,975 million.
For the fourth quarter, demand for consumer electronics is anticipated to remain in line with the third quarter, as indicated by consistent order rates from customers. This will likely result in a sequential sales improvement in the Semiconductor Technologies segment. However, compared with the previous guidance, there are additional challenges stemming from channel inventory destocking and decreased industrial water demand in China, DD noted.
DuPont de Nemours, Inc. Price and Consensus
DuPont de Nemours, Inc. price-consensus-chart | DuPont de Nemours, Inc. Quote
Zacks Rank & Key Picks
DuPont currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the basic materials space include Carpenter Technology Corporation CRS, Axalta Coating Systems Ltd. AXTA and The Andersons Inc. ANDE.
Carpenter Technology has a projected earnings growth rate of 213.2% for the current fiscal year. It currently carries a Zacks Rank #1 (Strong Buy). CRS delivered a trailing four-quarter earnings surprise of roughly 14.3%, on average. The stock is up around 69.1 % in a year. You can see the complete list of today’s Zacks #1 Rank stocks here.
Axalta has a projected earnings growth rate of 5.4% for the current year. It currently carries a Zacks Rank #1. AXTA delivered a trailing four-quarter earnings surprise of roughly 6.7%, on average. The stock is up around 16.2% in a year.
Andersons currently carries a Zacks Rank #2. The stock has gained roughly 33.3% in the past year. ANDE 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.
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
The Andersons, Inc. (ANDE) : Free Stock Analysis Report
DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report
Carpenter Technology Corporation (CRS) : 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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DuPont de Nemours Inc. DD has announced that DuPont FilmTec Fortilife NF1000 membrane elements are now being sold globally. However, compared with the previous guidance, there are additional challenges stemming from channel inventory destocking and decreased industrial water demand in China, DD noted. Click to get this free report The Andersons, Inc. (ANDE) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Carpenter Technology Corporation (CRS) : 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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Click to get this free report The Andersons, Inc. (ANDE) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Carpenter Technology Corporation (CRS) : Free Stock Analysis Report Axalta Coating Systems Ltd. (AXTA) : Free Stock Analysis Report To read this article on Zacks.com click here. DuPont de Nemours Inc. DD has announced that DuPont FilmTec Fortilife NF1000 membrane elements are now being sold globally. However, compared with the previous guidance, there are additional challenges stemming from channel inventory destocking and decreased industrial water demand in China, DD noted.
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Click to get this free report The Andersons, Inc. (ANDE) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Carpenter Technology Corporation (CRS) : Free Stock Analysis Report Axalta Coating Systems Ltd. (AXTA) : Free Stock Analysis Report To read this article on Zacks.com click here. DuPont de Nemours Inc. DD has announced that DuPont FilmTec Fortilife NF1000 membrane elements are now being sold globally. However, compared with the previous guidance, there are additional challenges stemming from channel inventory destocking and decreased industrial water demand in China, DD noted.
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DuPont de Nemours Inc. DD has announced that DuPont FilmTec Fortilife NF1000 membrane elements are now being sold globally. However, compared with the previous guidance, there are additional challenges stemming from channel inventory destocking and decreased industrial water demand in China, DD noted. Click to get this free report The Andersons, Inc. (ANDE) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Carpenter Technology Corporation (CRS) : 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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7b469664-2000-42b4-b618-05b87772fc94
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715703.0
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2023-11-16 00:00:00 UTC
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July 2024 Options Now Available For DuPont (DD)
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DD
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https://www.nasdaq.com/articles/july-2024-options-now-available-for-dupont-dd
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nan
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nan
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Investors in DuPont (Symbol: DD) saw new options begin trading today, for the July 2024 expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 246 days until expiration the newly trading contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new July 2024 contracts and identified one put and one call contract of particular interest.
The put contract at the $70.00 strike price has a current bid of $4.10. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $70.00, but will also collect the premium, putting the cost basis of the shares at $65.90 (before broker commissions). To an investor already interested in purchasing shares of DD, that could represent an attractive alternative to paying $70.36/share today.
Because the $70.00 strike represents an approximate 1% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 5.86% return on the cash commitment, or 8.69% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for DuPont, and highlighting in green where the $70.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $72.50 strike price has a current bid of $4.60. If an investor was to purchase shares of DD stock at the current price level of $70.36/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $72.50. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 9.58% if the stock gets called away at the July 2024 expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $72.50 strike highlighted in red:
Considering the fact that the $72.50 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 6.54% boost of extra return to the investor, or 9.70% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $70.36) to be 24%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
Also see:
NVVE Options Chain
Funds Holding O
LECO Insider Buying
The views and 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 current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $72.50 strike highlighted in red: Considering the fact that the $72.50 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected.
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The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Below is a chart showing DD's trailing twelve month trading history, with the $72.50 strike highlighted in red: Considering the fact that the $72.50 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in DuPont (Symbol: DD) saw new options begin trading today, for the July 2024 expiration.
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The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Below is a chart showing DD's trailing twelve month trading history, with the $72.50 strike highlighted in red: Considering the fact that the $72.50 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted).
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At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new July 2024 contracts and identified one put and one call contract of particular interest. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Below is a chart showing DD's trailing twelve month trading history, with the $72.50 strike highlighted in red: Considering the fact that the $72.50 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected.
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a6f1ac97-39b0-48a7-b5e5-bf4c0ba01590
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715704.0
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2023-11-14 00:00:00 UTC
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DuPont's (DD) Tyvek Facility Obtains ISCC PLUS Certification
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DD
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https://www.nasdaq.com/articles/duponts-dd-tyvek-facility-obtains-iscc-plus-certification
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nan
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DuPont de Nemours Inc. DD recently announced that its Tyvek manufacturing facility in Luxembourg has acquired International Sustainability and Carbon Certification (ISCC) PLUS validation. This accreditation evaluates and validates the use of clear, transparent and traceable processes by enterprises that use the mass balance approach to preserve the chain of custody.
ISCC PLUS, using the mass balance approach, permits the use of sustainable raw materials produced from renewable and recycled sources. This allows for the gradual replacement of fossil fuel-based raw materials and a lower carbon footprint for Tyvek products, which can be passed on to value chain partners that are keen to find more sustainable products.
The achievement of ISCC PLUS accreditation is a significant step forward in the advancement of circular economy principles in the many end markets covered by Tyvek products.
Shares of DuPont have lost 3% over the past year compared with a 17.2% decline of its industry.
Image Source: Zacks Investment Research
The company, on its third-quarter call, said that it now sees net sales for 2023 to be around $12,170 million. Adjusted earnings per share for 2023 are estimated to be around $3.45. Also, Operating EBITDA for 2023 is expected to be around $2,975 million.
For the fourth quarter, demand for consumer electronics is anticipated to remain in line with the third quarter, as indicated by consistent order rates from customers. This will likely result in a sequential sales improvement in the Semiconductor Technologies segment. However, compared with the previous guidance, there are additional challenges stemming from channel inventory destocking and decreased industrial water demand in China, DD noted.
DuPont de Nemours, Inc. Price and Consensus
DuPont de Nemours, Inc. price-consensus-chart | DuPont de Nemours, Inc. Quote
Zacks Rank & Key Picks
DuPont currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the basic materials space include Carpenter Technology Corporation CRS, Axalta Coating Systems Ltd. AXTA and The Andersons Inc. ANDE.
Carpenter Technology has a projected earnings growth rate of 213.2% for the current fiscal year. It currently sports a Zacks Rank #1 (Strong Buy). CRS has a trailing four-quarter earnings surprise of roughly 14.3%, on average. The stock is up around 69.1% in a year. You can see the complete list of today’s Zacks #1 Rank stocks here.
Axalta has a projected earnings growth rate of 5.4% for the current year. It currently flaunts a Zacks Rank #1. AXTA has a trailing four-quarter earnings surprise of roughly 6.7%, on average. The stock is up around 16.2% in a year.
Andersons currently carries a Zacks Rank #2 (Buy). The stock has gained roughly 33.3% in the past year. ANDE 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.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
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The Andersons, Inc. (ANDE) : Free Stock Analysis Report
DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report
Carpenter Technology Corporation (CRS) : Free Stock Analysis Report
Axalta Coating Systems Ltd. (AXTA) : 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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DuPont de Nemours Inc. DD recently announced that its Tyvek manufacturing facility in Luxembourg has acquired International Sustainability and Carbon Certification (ISCC) PLUS validation. However, compared with the previous guidance, there are additional challenges stemming from channel inventory destocking and decreased industrial water demand in China, DD noted. Click to get this free report The Andersons, Inc. (ANDE) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Carpenter Technology Corporation (CRS) : 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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Click to get this free report The Andersons, Inc. (ANDE) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Carpenter Technology Corporation (CRS) : Free Stock Analysis Report Axalta Coating Systems Ltd. (AXTA) : Free Stock Analysis Report To read this article on Zacks.com click here. DuPont de Nemours Inc. DD recently announced that its Tyvek manufacturing facility in Luxembourg has acquired International Sustainability and Carbon Certification (ISCC) PLUS validation. However, compared with the previous guidance, there are additional challenges stemming from channel inventory destocking and decreased industrial water demand in China, DD noted.
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Click to get this free report The Andersons, Inc. (ANDE) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Carpenter Technology Corporation (CRS) : Free Stock Analysis Report Axalta Coating Systems Ltd. (AXTA) : Free Stock Analysis Report To read this article on Zacks.com click here. DuPont de Nemours Inc. DD recently announced that its Tyvek manufacturing facility in Luxembourg has acquired International Sustainability and Carbon Certification (ISCC) PLUS validation. However, compared with the previous guidance, there are additional challenges stemming from channel inventory destocking and decreased industrial water demand in China, DD noted.
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DuPont de Nemours Inc. DD recently announced that its Tyvek manufacturing facility in Luxembourg has acquired International Sustainability and Carbon Certification (ISCC) PLUS validation. However, compared with the previous guidance, there are additional challenges stemming from channel inventory destocking and decreased industrial water demand in China, DD noted. Click to get this free report The Andersons, Inc. (ANDE) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Carpenter Technology Corporation (CRS) : 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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b6daaa93-21b0-42dc-8486-14fa08d2417a
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715705.0
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2023-11-13 00:00:00 UTC
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Zacks Industry Outlook Highlights Air Products and Chemicals, DuPont de Nemours and Methanex
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DD
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https://www.nasdaq.com/articles/zacks-industry-outlook-highlights-air-products-and-chemicals-dupont-de-nemours-and-0
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nan
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nan
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For Immediate Release
Chicago, IL – November 13, 2023 – Today, Zacks Equity Research discusses Air Products and Chemicals, Inc. APD, DuPont de Nemours, Inc. DD and Methanex Corp. MEOH.
Industry: Chemicals
Link: https://www.zacks.com/commentary/2182080/3-diversified-chemical-stocks-to-watch-amid-demand-worries
The Zacks Chemicals Diversified industry is hamstrung by a softer demand in certain markets, including consumer durables and building & construction, and consumer inventory destocking. Lower consumer spending due to inflationary pressures in Europe and a slow recovery in China are impacting demand.
Industry players like Air Products and Chemicals, Inc., DuPont de Nemours, Inc. and Methanex Corp. are banking on strategic measures, including operating cost reductions and aggressive price hikes to tide over the challenging environment.
About the Industry
The Zacks Chemicals Diversified industry consists of manufacturers of basic chemicals, plastics, specialty chemicals and agricultural chemicals. Companies in this space serve a host of end markets, such as automotive, building & construction, transportation, electronics, aerospace and agriculture.
Basic chemicals are produced in large quantities, and include petrochemicals and intermediates (such as ethylene, propylene and benzene), polymers (including plastic resins such as polyethylene, polypropylene and polyvinyl chloride), and inorganic chemicals (such as chlorine, caustic soda and titanium dioxide). Specialty chemicals that include catalysts, specialty polymers and coating additives are used in specific fields based on their performance. Agricultural chemicals include herbicides, fungicides and insecticides that are used to protect crops from disease, pests and weeds.
What's Shaping the Future of the Chemicals Diversified Industry?
Demand Headwinds From End-market Softness: Companies in the chemical-diversified space are grappling with a slowdown in certain key markets. The sluggishness in the building & construction market and the destocking in consumer electronics are the key concerns. In North America, uncertainties surrounding the U.S. housing market are weighing on building & construction. Softer demand in industrial and consumer durables is hurting chemical volumes. Weaker global economic activities have led to a higher level of uncertainties, which may affect chemical volumes over the near term.
Slowdown in Europe and China a Concern: A slower recovery in economic activities in China following the lifting of the restrictions related to the resurgence in COVID-19 infections is hurting chemical demand in that country. Global industrial activities have been affected by a weaker demand recovery in China.
The slowdown in Europe, resulting from the war in Ukraine and weaker consumer spending due to high levels of inflation and rising interest rates, has also led to softer demand in that region. The energy and feedstock inflation has resulted in reduced industrial production and consumer spending in Europe. The ongoing weakness in these key regions is likely to impact demand for chemicals over the short haul.
Strategic Actions to Aid Results: The companies in this space are taking a host of strategic measures, including cost-cutting and productivity improvement, operational efficiency improvement and actions to strengthen the balance sheet and boost cash flows. In particular, the industry participants are aggressively implementing actions to bring down costs. These include the reduction of discretionary spending. The industry players are also raising selling prices to counter cost inflation. Such moves are likely to help the industry sustain margins amid the prevailing challenges.
Zacks Industry Rank Indicates Downbeat Prospects
The Zacks Chemicals Diversified industry is part of the broader Zacks Basic Materials sector. It carries a Zacks Industry Rank #223, which places it at the bottom 11% of more than 250 Zacks industries.
The group's Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates gloomy near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1.
Before we present a few stocks that you may want to consider for your portfolio, let's take a look at the industry's recent stock-market performance and valuation picture.
Industry Underperforms Sector & S&P 500
The Zacks Chemicals Diversified industry has underperformed both the Zacks S&P 500 composite and the broader Zacks Basic Materials sector over the past year.
The industry has declined 18% over this period compared with the S&P 500's rise of 11.6% and the broader sector's decline of 2.2%.
Industry's Current Valuation
On the basis of the trailing 12-month enterprise value-to-EBITDA (EV/EBITDA) ratio, which is a commonly used multiple for valuing chemical stocks, the industry is currently trading at 9.08X, below the S&P 500's 12.59X and the sector's 9.87X.
Over the past five years, the industry has traded as high as 13.15X, as low as 5.33X and at the median of 8.02.
3 Chemicals Diversified Stocks to Keep a Close Eye On
Air Products: Based in Pennsylvania, Air Products is a leading industrial gases company. The company is benefiting from investments in high-return projects, new business deals, acquisitions and productivity initiatives. It remains committed to its gasification strategy and is executing its growth projects. These projects are expected to be accretive to earnings and cash flows.
Air Products is also boosting productivity to improve its cost structure. It is seeing the positive impacts of its productivity actions. Benefits from additional productivity and cost improvement programs are likely to support its margins. APD has also been benefiting from higher pricing. Higher merchant demand is also driving its volumes.
Air Products, a Zacks Rank #3 (Hold) stock, has expected earnings growth of 11.4% for the current fiscal year. APD beat the Zacks Consensus Estimate in three of the trailing four quarters. In this time frame, it has delivered an average earnings surprise of roughly 1.1%. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
DuPont: Delaware-based DuPont provides technology-based materials and solutions to markets including electronics, transportation, construction and water. DuPont is expected to gain from its productivity and pricing actions. It continues to implement strategic price increases to offset cost inflation.
These actions are likely to support its margins. Moreover, DD remains focused on driving growth through innovation and new product development. Its innovation-driven investment is focused on several high-growth areas. It remains committed to driving returns from its R&D investment.
DuPont, carrying a Zacks Rank #3, has a projected earnings growth rate of around 1.5% for the current year. DD also beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 7.1%.
Methanex: Vancouver-based Methanex is the world's biggest supplier of methanol to major international markets. The Geismar 3 project will enhance the company's asset portfolio and future cash generation and deliver long-term value to shareholders. Healthy methanol demand in traditional chemical applications also bodes well. MEOH is also committed to delivering excess cash to its shareholders in the form of dividends and share repurchases.
The Zacks Consensus Estimate for Methanex's current-year earnings has been revised 15% upward over the past 60 days. The company, carrying a Zacks Rank #3, beat the Zacks Consensus Estimate in each of the trailing four quarters at an average of 53.4%.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Download your free report now to see them.
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
Air Products and Chemicals, Inc. (APD) : Free Stock Analysis Report
DuPont de Nemours, Inc. (DD) : Free Stock Analysis 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.
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For Immediate Release Chicago, IL – November 13, 2023 – Today, Zacks Equity Research discusses Air Products and Chemicals, Inc. APD, DuPont de Nemours, Inc. DD and Methanex Corp. MEOH. Specialty chemicals that include catalysts, specialty polymers and coating additives are used in specific fields based on their performance. Benefits from additional productivity and cost improvement programs are likely to support its margins.
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Click to get this free report Air Products and Chemicals, Inc. (APD) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Methanex Corporation (MEOH) : Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL – November 13, 2023 – Today, Zacks Equity Research discusses Air Products and Chemicals, Inc. APD, DuPont de Nemours, Inc. DD and Methanex Corp. MEOH. Specialty chemicals that include catalysts, specialty polymers and coating additives are used in specific fields based on their performance.
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For Immediate Release Chicago, IL – November 13, 2023 – Today, Zacks Equity Research discusses Air Products and Chemicals, Inc. APD, DuPont de Nemours, Inc. DD and Methanex Corp. MEOH. Specialty chemicals that include catalysts, specialty polymers and coating additives are used in specific fields based on their performance. Benefits from additional productivity and cost improvement programs are likely to support its margins.
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For Immediate Release Chicago, IL – November 13, 2023 – Today, Zacks Equity Research discusses Air Products and Chemicals, Inc. APD, DuPont de Nemours, Inc. DD and Methanex Corp. MEOH. Specialty chemicals that include catalysts, specialty polymers and coating additives are used in specific fields based on their performance. Benefits from additional productivity and cost improvement programs are likely to support its margins.
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9f11482d-b581-4b9e-9cb0-c0cb4d59e953
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715706.0
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2023-11-10 00:00:00 UTC
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3 Diversified Chemical Stocks to Watch Amid Demand Worries
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DD
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https://www.nasdaq.com/articles/3-diversified-chemical-stocks-to-watch-amid-demand-worries
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nan
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nan
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The Zacks Chemicals Diversified industry is hamstrung by a softer demand in certain markets, including consumer durables and building & construction, and consumer inventory destocking. Lower consumer spending due to inflationary pressures in Europe and a slow recovery in China are impacting demand.
Industry players like Air Products and Chemicals, Inc. APD, DuPont de Nemours, Inc. DD and Methanex Corporation MEOH are banking on strategic measures, including operating cost reductions and aggressive price hikes to tide over the challenging environment.
About the Industry
The Zacks Chemicals Diversified industry consists of manufacturers of basic chemicals, plastics, specialty chemicals and agricultural chemicals. Companies in this space serve a host of end markets, such as automotive, building & construction, transportation, electronics, aerospace and agriculture. Basic chemicals are produced in large quantities, and include petrochemicals and intermediates (such as ethylene, propylene and benzene), polymers (including plastic resins such as polyethylene, polypropylene and polyvinyl chloride), and inorganic chemicals (such as chlorine, caustic soda and titanium dioxide). Specialty chemicals that include catalysts, specialty polymers and coating additives are used in specific fields based on their performance. Agricultural chemicals include herbicides, fungicides and insecticides that are used to protect crops from disease, pests and weeds.
What's Shaping the Future of the Chemicals Diversified Industry?
Demand Headwinds From End-market Softness: Companies in the chemical-diversified space are grappling with a slowdown in certain key markets. The sluggishness in the building & construction market and the destocking in consumer electronics are the key concerns. In North America, uncertainties surrounding the U.S. housing market are weighing on building & construction. Softer demand in industrial and consumer durables is hurting chemical volumes. Weaker global economic activities have led to a higher level of uncertainties, which may affect chemical volumes over the near term.
Slowdown in Europe and China a Concern: A slower recovery in economic activities in China following the lifting of the restrictions related to the resurgence in COVID-19 infections is hurting chemical demand in that country. Global industrial activities have been affected by a weaker demand recovery in China. The slowdown in Europe, resulting from the war in Ukraine and weaker consumer spending due to high levels of inflation and rising interest rates, has also led to softer demand in that region. The energy and feedstock inflation has resulted in reduced industrial production and consumer spending in Europe. The ongoing weakness in these key regions is likely to impact demand for chemicals over the short haul.
Strategic Actions to Aid Results: The companies in this space are taking a host of strategic measures, including cost-cutting and productivity improvement, operational efficiency improvement and actions to strengthen the balance sheet and boost cash flows. In particular, the industry participants are aggressively implementing actions to bring down costs. These include the reduction of discretionary spending. The industry players are also raising selling prices to counter cost inflation. Such moves are likely to help the industry sustain margins amid the prevailing challenges.
Zacks Industry Rank Indicates Downbeat Prospects
The Zacks Chemicals Diversified industry is part of the broader Zacks Basic Materials sector. It carries a Zacks Industry Rank #223, which places it at the bottom 11% of more than 250 Zacks industries.
The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates gloomy near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1.
Before we present a few stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock-market performance and valuation picture.
Industry Underperforms Sector & S&P 500
The Zacks Chemicals Diversified industry has underperformed both the Zacks S&P 500 composite and the broader Zacks Basic Materials sector over the past year.
The industry has declined 18% over this period compared with the S&P 500’s rise of 11.6% and the broader sector’s decline of 2.2%.
One-Year Price Performance
Industry's Current Valuation
On the basis of the trailing 12-month enterprise value-to-EBITDA (EV/EBITDA) ratio, which is a commonly used multiple for valuing chemical stocks, the industry is currently trading at 9.08X, below the S&P 500’s 12.59X and the sector’s 9.87X.
Over the past five years, the industry has traded as high as 13.15X, as low as 5.33X and at the median of 8.02, as the chart below shows.
Enterprise Value/EBITDA (EV/EBITDA) Ratio
Enterprise Value/EBITDA (EV/EBITDA) Ratio
3 Chemicals Diversified Stocks to Keep a Close Eye on
Air Products: Based in Pennsylvania, Air Products is a leading industrial gases company. The company is benefiting from investments in high-return projects, new business deals, acquisitions and productivity initiatives. It remains committed to its gasification strategy and is executing its growth projects. These projects are expected to be accretive to earnings and cash flows.
Air Products is also boosting productivity to improve its cost structure. It is seeing the positive impacts of its productivity actions. Benefits from additional productivity and cost improvement programs are likely to support its margins. APD has also been benefiting from higher pricing. Higher merchant demand is also driving its volumes.
Air Products, a Zacks Rank #3 (Hold) stock, has expected earnings growth of 11.4% for the current fiscal year. APD beat the Zacks Consensus Estimate in three of the trailing four quarters. In this time frame, it has delivered an average earnings surprise of roughly 1.1%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Price and Consensus: APD
DuPont: Delaware-based DuPont provides technology-based materials and solutions to markets including electronics, transportation, construction and water. DuPont is expected to gain from its productivity and pricing actions. It continues to implement strategic price increases to offset cost inflation. These actions are likely to support its margins. Moreover, DD remains focused on driving growth through innovation and new product development. Its innovation-driven investment is focused on several high-growth areas. It remains committed to driving returns from its R&D investment.
DuPont, carrying a Zacks Rank #3, has a projected earnings growth rate of around 1.5% for the current year. DD also beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 7.1%.
Price and Consensus: DD
Methanex: Vancouver-based Methanex is the world’s biggest supplier of methanol to major international markets. The Geismar 3 project will enhance the company’s asset portfolio and future cash generation and deliver long-term value to shareholders. Healthy methanol demand in traditional chemical applications also bodes well. MEOH is also committed to delivering excess cash to its shareholders in the form of dividends and share repurchases.
The Zacks Consensus Estimate for Methanex’s current-year earnings has been revised 15% upward over the past 60 days. The company, carrying a Zacks Rank #3, beat the Zacks Consensus Estimate in each of the trailing four quarters at an average of 53.4%.
Price and Consensus: MEOH
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
Air Products and Chemicals, Inc. (APD) : Free Stock Analysis Report
DuPont de Nemours, Inc. (DD) : Free Stock Analysis 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.
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Industry players like Air Products and Chemicals, Inc. APD, DuPont de Nemours, Inc. DD and Methanex Corporation MEOH are banking on strategic measures, including operating cost reductions and aggressive price hikes to tide over the challenging environment. Specialty chemicals that include catalysts, specialty polymers and coating additives are used in specific fields based on their performance. Benefits from additional productivity and cost improvement programs are likely to support its margins.
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Industry players like Air Products and Chemicals, Inc. APD, DuPont de Nemours, Inc. DD and Methanex Corporation MEOH are banking on strategic measures, including operating cost reductions and aggressive price hikes to tide over the challenging environment. Click to get this free report Air Products and Chemicals, Inc. (APD) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Methanex Corporation (MEOH) : Free Stock Analysis Report To read this article on Zacks.com click here. Specialty chemicals that include catalysts, specialty polymers and coating additives are used in specific fields based on their performance.
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Industry players like Air Products and Chemicals, Inc. APD, DuPont de Nemours, Inc. DD and Methanex Corporation MEOH are banking on strategic measures, including operating cost reductions and aggressive price hikes to tide over the challenging environment. Specialty chemicals that include catalysts, specialty polymers and coating additives are used in specific fields based on their performance. Benefits from additional productivity and cost improvement programs are likely to support its margins.
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Industry players like Air Products and Chemicals, Inc. APD, DuPont de Nemours, Inc. DD and Methanex Corporation MEOH are banking on strategic measures, including operating cost reductions and aggressive price hikes to tide over the challenging environment. Specialty chemicals that include catalysts, specialty polymers and coating additives are used in specific fields based on their performance. Benefits from additional productivity and cost improvement programs are likely to support its margins.
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60f9f61c-dc0f-4d0a-9d34-675a4771f8c0
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715707.0
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2023-11-09 00:00:00 UTC
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DD December 29th Options Begin Trading
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DD
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https://www.nasdaq.com/articles/dd-december-29th-options-begin-trading
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nan
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nan
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Investors in DuPont (Symbol: DD) saw new options become available today, for the December 29th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new December 29th contracts and identified one put and one call contract of particular interest.
The put contract at the $67.00 strike price has a current bid of $1.00. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $67.00, but will also collect the premium, putting the cost basis of the shares at $66.00 (before broker commissions). To an investor already interested in purchasing shares of DD, that could represent an attractive alternative to paying $68.40/share today.
Because the $67.00 strike represents an approximate 2% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 1.49% return on the cash commitment, or 10.90% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for DuPont, and highlighting in green where the $67.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $69.00 strike price has a current bid of $1.35. If an investor was to purchase shares of DD stock at the current price level of $68.40/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $69.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 2.85% if the stock gets called away at the December 29th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $69.00 strike highlighted in red:
Considering the fact that the $69.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 1.97% boost of extra return to the investor, or 14.41% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $68.40) to be 24%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
Also see:
ETF Fund Flows
EMN RSI
Corning MACD
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $69.00 strike highlighted in red: Considering the fact that the $69.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected.
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The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Below is a chart showing DD's trailing twelve month trading history, with the $69.00 strike highlighted in red: Considering the fact that the $69.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in DuPont (Symbol: DD) saw new options become available today, for the December 29th expiration.
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The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Below is a chart showing DD's trailing twelve month trading history, with the $69.00 strike highlighted in red: Considering the fact that the $69.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted).
|
At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new December 29th contracts and identified one put and one call contract of particular interest. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Below is a chart showing DD's trailing twelve month trading history, with the $69.00 strike highlighted in red: Considering the fact that the $69.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected.
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26ffc2c1-72ee-4a21-98e2-d132ef035578
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715708.0
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2023-11-09 00:00:00 UTC
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See Which Of The Latest 13F Filers Holds DuPont
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DD
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https://www.nasdaq.com/articles/see-which-of-the-latest-13f-filers-holds-dupont-0
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nan
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nan
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At Holdings Channel, we have reviewed the latest batch of the 29 most recent 13F filings for the 09/30/2023 reporting period, and noticed that DuPont (Symbol: DD) was held by 13 of these funds. When hedge fund managers appear to be thinking alike, we find it is a good idea to take a closer look.
Before we proceed, it is important to point out that 13F filings do not tell the whole story, because these funds are only required to disclose their long positions with the SEC, but are not required to disclose their short positions. A fund making a bearish bet against a stock by shorting calls, for example, might also be long some amount of stock as they trade around their overall bearish position. This long component could show up in a 13F filing and everyone might assume the fund is bullish, but this tells only part of the story because the bearish/short side of the position is not seen.
Having given that caveat, we believe that looking at groups of 13F filings can be revealing, especially when comparing one holding period to another. Below, let's take a look at the change in DD positions, for this latest batch of 13F filers:
FUND NEW POSITION? CHANGE IN SHARE COUNT CHANGE IN MARKET VALUE ($ IN 1000'S)
Philadelphia Trust Co. NEW +2,970 +$222
TD Capital Management LLC Existing UNCH $UNCH
Edgemoor Investment Advisors Inc. Existing -20 +$9
Tortoise Investment Management LLC Existing UNCH $UNCH
AXS Investments LLC Existing -406 -$26
Segall Bryant & Hamill LLC Existing -2,268 +$39
Marble Harbor Investment Counsel LLC Existing -102 +$9
Ellevest Inc. Existing -3,528 -$238
Houlihan Financial Resource Group Ltd. Existing UNCH +$28
Antonetti Capital Management LLC Existing UNCH $UNCH
Valley Wealth Managers Inc. Existing UNCH $UNCH
One Capital Management LLC Existing +3,917 +$613
Waters Parkerson & CO. LLC Existing -548 +$593
Aggregate Change: +15 +$1,249
In terms of shares owned, we count 1 of the above funds having increased existing DD positions from 06/30/2023 to 09/30/2023, with 6 having decreased their positions and 1 new position.
Looking beyond these particular funds in this one batch of most recent filers, we tallied up the DD share count in the aggregate among all of the funds which held DD at the 09/30/2023 reporting period (out of the 3,557 we looked at in total). We then compared that number to the sum total of DD shares those same funds held back at the 06/30/2023 period, to see how the aggregate share count held by hedge funds has moved for DD. We found that between these two periods, funds reduced their holdings by 4,071,469 shares in the aggregate, from 77,660,155 down to 73,588,686 for a share count decline of approximately -5.24%. The overall top three funds holding DD on 09/30/2023 were:
» FUND SHARES OF DD HELD
1. Massachusetts Financial Services Co. MA 22,859,910
2. Boston Partners 7,103,774
3. Bank of New York Mellon Corp 3,984,600
4-10 Find out the full Top 10 Hedge Funds Holding DD »
We'll keep following the latest 13F filings by hedge fund managers and bring you interesting stories derived from a look at the aggregate information across groups of managers between filing periods. While looking at individual 13F filings can sometimes be misleading due to the long-only nature of the information, the sum total across groups of funds from one reporting period to another can be a lot more revealing and relevant, providing interesting stock ideas that merit further research, like DuPont (Symbol: DD).
10 S&P 500 Components Hedge Funds Are Buying »
Also see:
GEHC Dividend Growth Rate
Funds Holding VFMV
EDAP Historical Stock Prices
The views and 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 Holdings Channel, we have reviewed the latest batch of the 29 most recent 13F filings for the 09/30/2023 reporting period, and noticed that DuPont (Symbol: DD) was held by 13 of these funds. While looking at individual 13F filings can sometimes be misleading due to the long-only nature of the information, the sum total across groups of funds from one reporting period to another can be a lot more revealing and relevant, providing interesting stock ideas that merit further research, like DuPont (Symbol: DD). Below, let's take a look at the change in DD positions, for this latest batch of 13F filers:
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Existing UNCH $UNCH One Capital Management LLC Existing +3,917 +$613 Waters Parkerson & CO. LLC Existing -548 +$593 Aggregate Change: +15 +$1,249 In terms of shares owned, we count 1 of the above funds having increased existing DD positions from 06/30/2023 to 09/30/2023, with 6 having decreased their positions and 1 new position. At Holdings Channel, we have reviewed the latest batch of the 29 most recent 13F filings for the 09/30/2023 reporting period, and noticed that DuPont (Symbol: DD) was held by 13 of these funds. Below, let's take a look at the change in DD positions, for this latest batch of 13F filers:
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Existing UNCH $UNCH One Capital Management LLC Existing +3,917 +$613 Waters Parkerson & CO. LLC Existing -548 +$593 Aggregate Change: +15 +$1,249 In terms of shares owned, we count 1 of the above funds having increased existing DD positions from 06/30/2023 to 09/30/2023, with 6 having decreased their positions and 1 new position. Bank of New York Mellon Corp 3,984,600 4-10 Find out the full Top 10 Hedge Funds Holding DD » We'll keep following the latest 13F filings by hedge fund managers and bring you interesting stories derived from a look at the aggregate information across groups of managers between filing periods. At Holdings Channel, we have reviewed the latest batch of the 29 most recent 13F filings for the 09/30/2023 reporting period, and noticed that DuPont (Symbol: DD) was held by 13 of these funds.
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Existing UNCH $UNCH One Capital Management LLC Existing +3,917 +$613 Waters Parkerson & CO. LLC Existing -548 +$593 Aggregate Change: +15 +$1,249 In terms of shares owned, we count 1 of the above funds having increased existing DD positions from 06/30/2023 to 09/30/2023, with 6 having decreased their positions and 1 new position. Bank of New York Mellon Corp 3,984,600 4-10 Find out the full Top 10 Hedge Funds Holding DD » We'll keep following the latest 13F filings by hedge fund managers and bring you interesting stories derived from a look at the aggregate information across groups of managers between filing periods. At Holdings Channel, we have reviewed the latest batch of the 29 most recent 13F filings for the 09/30/2023 reporting period, and noticed that DuPont (Symbol: DD) was held by 13 of these funds.
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ab3b961c-7ca1-4580-96e2-f996faac5e3f
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715709.0
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2023-11-09 00:00:00 UTC
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Guru Fundamental Report for DD
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DD
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https://www.nasdaq.com/articles/guru-fundamental-report-for-dd-11
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nan
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nan
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Below is Validea's guru fundamental report for DUPONT DE NEMOURS INC (DD). Of the 22 guru strategies we follow, DD rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. This multi-factor model seeks low volatility stocks that also have strong momentum and high net payout yields.
DUPONT DE NEMOURS INC (DD) is a large-cap growth stock in the Biotechnology & Drugs industry. The rating using this strategy 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.
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.
MARKET CAP: PASS
STANDARD DEVIATION: PASS
TWELVE MINUS ONE MOMENTUM: NEUTRAL
NET PAYOUT YIELD: NEUTRAL
FINAL RANK: PASS
Detailed Analysis of DUPONT DE NEMOURS INC
DD Guru Analysis
DD Fundamental Analysis
More Information on Pim van Vliet
Pim van Vliet Portfolio
About Pim van Vliet: In investing, you typically need to take more risk to get more return. There is one major exception to this in the factor investing world, though. Low volatility stocks have been proven to outperform their high volatility counterparts, and do so with less risk. Pim van Vliet is the head of Conservative Equities at Robeco Asset Management. His research into conservative factor investing led to the creation of this strategy and the publication of the book "High Returns From Low Risk: A Remarkable Stock Market Paradox". Van Vliet holds a PhD in Financial and Business Economics from Erasmus University Rotterdam.
Additional Research Links
Top Healthcare Stocks
Dividend Aristocrats2023
Wide Moat Stocks2023
High Insider Ownership Stocks
Factor-Based Stock Portfolios
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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Below is Validea's guru fundamental report for DUPONT DE NEMOURS INC (DD). Of the 22 guru strategies we follow, DD rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. DUPONT DE NEMOURS INC (DD) is a large-cap growth stock in the Biotechnology & Drugs industry.
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Of the 22 guru strategies we follow, DD rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. Detailed Analysis of DUPONT DE NEMOURS INC DD Guru Analysis DD Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return. Below is Validea's guru fundamental report for DUPONT DE NEMOURS INC (DD).
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Of the 22 guru strategies we follow, DD rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. Detailed Analysis of DUPONT DE NEMOURS INC DD Guru Analysis DD Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return. Additional Research Links Top Healthcare Stocks Dividend Aristocrats2023 Wide Moat Stocks2023 High Insider Ownership Stocks Factor-Based Stock Portfolios About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends.
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Of the 22 guru strategies we follow, DD rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. Detailed Analysis of DUPONT DE NEMOURS INC DD Guru Analysis DD Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return. Below is Validea's guru fundamental report for DUPONT DE NEMOURS INC (DD).
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dbb35ba5-bc24-4eb1-81dd-b95a11678dca
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715710.0
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2023-11-07 00:00:00 UTC
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DuPont (DD) Opens New Kalrez Manufacturing Site in Delaware
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DD
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https://www.nasdaq.com/articles/dupont-dd-opens-new-kalrez-manufacturing-site-in-delaware
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nan
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nan
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DuPont de Nemours, Inc. DD announced the official launch of its DuPont Kalrez production site in Newark, DE, in order to address expanding global customer demand in the semiconductor and industrial sectors.
The new Tralee Park Annex facility will significantly increase DuPont Kalrez perfluoroelastomer components capacity. In addition, the site includes a high-end ISO Class 6 Cleanroom, improved production equipment, an optimized facility architecture and space to enable future business expansion. DuPont Kalrez elastomers are intended to provide greater stability, resistance and effective sealing in applications ranging from chemical processing to semiconductor chip fabrication.
In addition to increased capacity, the Tralee Park Annex offers faster cycle times and enlarged facilities for finishing, inspection, packaging and shipping, which will support increased capacity for clients worldwide.
The location is expected to create about 50 jobs in operations, maintenance, engineering and continuous improvement, many of which are STEM-related and crucial to safe manufacturing operations.
Shares of DuPont have lost 13.4% over the past year against a 9% decline of its industry.
Image Source: Zacks Investment Research
The company, on its third-quarter call, said that it now sees net sales for 2023 to be roughly $12,170 million. Adjusted earnings per share for 2023 are forecast to be around $3.45. Also, Operating EBITDA for 2023 is expected to be about $2,975 million.
For the fourth quarter, demand for consumer electronics is anticipated to remain in line with the third quarter, as indicated by consistent order rates from customers. This will likely result in a sequential sales improvement in the Semiconductor Technologies segment. However, compared with the previous guidance, there are additional challenges stemming from channel inventory destocking and decreased industrial water demand in China, DD noted.
DuPont de Nemours, Inc. Price and Consensus
DuPont de Nemours, Inc. price-consensus-chart | DuPont de Nemours, Inc. Quote
Zacks Rank & Key Picks
DuPont currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the basic materials space include Equinox Gold Corp. EQX, Koppers Holdings Inc. KOP and The Andersons Inc. ANDE.
Equinox has a projected earnings growth rate of 90% for the current year. It currently carries a Zacks Rank #2. Equinox delivered a trailing four-quarter earnings surprise of roughly 18.1%, on average. The stock is up around 58.7% in a year. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Koppers has a projected earnings growth rate of 7.5% for the current year. It currently carries a Zacks Rank #2. Koppers delivered a trailing four-quarter earnings surprise of roughly 21.7%, on average. The stock is up around 32% in a year.
Andersons currently carries a Zacks Rank #1. The stock has gained roughly 39.5% in the past year. ANDE 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.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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The Andersons, Inc. (ANDE) : Free Stock Analysis Report
DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report
Koppers Holdings Inc. (KOP) : Free Stock Analysis Report
Equinox Gold Corp. (EQX) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In addition, the site includes a high-end ISO Class 6 Cleanroom, improved production equipment, an optimized facility architecture and space to enable future business expansion. However, compared with the previous guidance, there are additional challenges stemming from channel inventory destocking and decreased industrial water demand in China, DD noted. DuPont de Nemours, Inc. DD announced the official launch of its DuPont Kalrez production site in Newark, DE, in order to address expanding global customer demand in the semiconductor and industrial sectors.
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Click to get this free report The Andersons, Inc. (ANDE) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Koppers Holdings Inc. (KOP) : Free Stock Analysis Report Equinox Gold Corp. (EQX) : Free Stock Analysis Report To read this article on Zacks.com click here. DuPont de Nemours, Inc. DD announced the official launch of its DuPont Kalrez production site in Newark, DE, in order to address expanding global customer demand in the semiconductor and industrial sectors. In addition, the site includes a high-end ISO Class 6 Cleanroom, improved production equipment, an optimized facility architecture and space to enable future business expansion.
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DuPont de Nemours, Inc. DD announced the official launch of its DuPont Kalrez production site in Newark, DE, in order to address expanding global customer demand in the semiconductor and industrial sectors. Click to get this free report The Andersons, Inc. (ANDE) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Koppers Holdings Inc. (KOP) : Free Stock Analysis Report Equinox Gold Corp. (EQX) : Free Stock Analysis Report To read this article on Zacks.com click here. In addition, the site includes a high-end ISO Class 6 Cleanroom, improved production equipment, an optimized facility architecture and space to enable future business expansion.
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DuPont de Nemours, Inc. DD announced the official launch of its DuPont Kalrez production site in Newark, DE, in order to address expanding global customer demand in the semiconductor and industrial sectors. In addition, the site includes a high-end ISO Class 6 Cleanroom, improved production equipment, an optimized facility architecture and space to enable future business expansion. In addition to increased capacity, the Tralee Park Annex offers faster cycle times and enlarged facilities for finishing, inspection, packaging and shipping, which will support increased capacity for clients worldwide.
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aa9be72a-796b-4809-bd11-04cb95b761f6
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715711.0
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2023-11-03 00:00:00 UTC
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The Jordan Company seeks to buy medical equipment maker Tidi -sources
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DD
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https://www.nasdaq.com/articles/the-jordan-company-seeks-to-buy-medical-equipment-maker-tidi-sources
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nan
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nan
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By David Carnevali
Nov 3 (Reuters) - Buyout firm The Jordan Company has entered into exclusive negotiations to acquire medical equipment maker Tidi Products from Roundtable Healthcare Partners for at least $900 million, people familiar with the matter said.
There is no certainty the discussions will lead to the sale of the Neenah, Wisconsin-based company, the sources said, requesting anonymity to discuss confidential matters.
Roundtable and The Jordan Company did not immediately respond to requests for comment.
Tidi makes personal protective equipment, drapes, covers, scalpels, fall prevention devices and other products used in healthcare facilities and at places of care.
Founded in 1969, the company serves more than 3,000 customers globally and has manufacturing and distribution operations in U.S., Mexico and China, according to Roundtable's website.
Roundtable acquired Tidi in 2015 from rival J.H. Whitney for an undisclosed sum and then grew the company through acquisitions.
The Jordan Company has carried out other acquisitions this year, including purchasing a controlling stake in Dupont's DD.N industrial polymer business Delrin this summer at a $1.8 billion valuation.
(Reporting by David Carnevali in New York; Editing by Josie Kao)
((David.Carnevali@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Jordan Company has carried out other acquisitions this year, including purchasing a controlling stake in Dupont's DD.N industrial polymer business Delrin this summer at a $1.8 billion valuation. By David Carnevali Nov 3 (Reuters) - Buyout firm The Jordan Company has entered into exclusive negotiations to acquire medical equipment maker Tidi Products from Roundtable Healthcare Partners for at least $900 million, people familiar with the matter said. Tidi makes personal protective equipment, drapes, covers, scalpels, fall prevention devices and other products used in healthcare facilities and at places of care.
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The Jordan Company has carried out other acquisitions this year, including purchasing a controlling stake in Dupont's DD.N industrial polymer business Delrin this summer at a $1.8 billion valuation. By David Carnevali Nov 3 (Reuters) - Buyout firm The Jordan Company has entered into exclusive negotiations to acquire medical equipment maker Tidi Products from Roundtable Healthcare Partners for at least $900 million, people familiar with the matter said. Roundtable acquired Tidi in 2015 from rival J.H.
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The Jordan Company has carried out other acquisitions this year, including purchasing a controlling stake in Dupont's DD.N industrial polymer business Delrin this summer at a $1.8 billion valuation. By David Carnevali Nov 3 (Reuters) - Buyout firm The Jordan Company has entered into exclusive negotiations to acquire medical equipment maker Tidi Products from Roundtable Healthcare Partners for at least $900 million, people familiar with the matter said. There is no certainty the discussions will lead to the sale of the Neenah, Wisconsin-based company, the sources said, requesting anonymity to discuss confidential matters.
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The Jordan Company has carried out other acquisitions this year, including purchasing a controlling stake in Dupont's DD.N industrial polymer business Delrin this summer at a $1.8 billion valuation. By David Carnevali Nov 3 (Reuters) - Buyout firm The Jordan Company has entered into exclusive negotiations to acquire medical equipment maker Tidi Products from Roundtable Healthcare Partners for at least $900 million, people familiar with the matter said. There is no certainty the discussions will lead to the sale of the Neenah, Wisconsin-based company, the sources said, requesting anonymity to discuss confidential matters.
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bc81ee60-8bb8-4fc8-873e-627102f60b6e
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715712.0
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2023-11-01 00:00:00 UTC
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Compared to Estimates, DuPont de Nemours (DD) Q3 Earnings: A Look at Key Metrics
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DD
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https://www.nasdaq.com/articles/compared-to-estimates-dupont-de-nemours-dd-q3-earnings%3A-a-look-at-key-metrics
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nan
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For the quarter ended September 2023, DuPont de Nemours (DD) reported revenue of $3.06 billion, down 7.8% over the same period last year. EPS came in at $0.92, compared to $0.82 in the year-ago quarter.
The reported revenue represents a surprise of -2.85% over the Zacks Consensus Estimate of $3.15 billion. With the consensus EPS estimate being $0.84, the EPS surprise was +9.52%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how DuPont de Nemours performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net sales- Electronics & Industrial: $1.37 billion versus the four-analyst average estimate of $1.41 billion. The reported number represents a year-over-year change of -9.5%.
Net sales- Corporate: $277 million versus the four-analyst average estimate of $300.01 million. The reported number represents a year-over-year change of +1.8%.
Net sales- Water & Protection: $1.41 billion versus $1.45 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -7.9% change.
Operating EBITDA- Electronics & Industrial: $383 million versus $399.36 million estimated by four analysts on average.
Operating EBITDA- Corporate: $30 million versus the four-analyst average estimate of $7.62 million.
Operating EBITDA- Water & Protection: $362 million versus the four-analyst average estimate of $349.16 million.
View all Key Company Metrics for DuPont de Nemours here>>>
Shares of DuPont de Nemours have returned -0.8% over the past month versus the Zacks S&P 500 composite's -2.2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For the quarter ended September 2023, DuPont de Nemours (DD) reported revenue of $3.06 billion, down 7.8% over the same period last year. Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report To read this article on Zacks.com click here. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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For the quarter ended September 2023, DuPont de Nemours (DD) reported revenue of $3.06 billion, down 7.8% over the same period last year. Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report To read this article on Zacks.com click here. Here is how DuPont de Nemours performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net sales- Electronics & Industrial: $1.37 billion versus the four-analyst average estimate of $1.41 billion.
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For the quarter ended September 2023, DuPont de Nemours (DD) reported revenue of $3.06 billion, down 7.8% over the same period last year. Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report To read this article on Zacks.com click here. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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For the quarter ended September 2023, DuPont de Nemours (DD) reported revenue of $3.06 billion, down 7.8% over the same period last year. Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report To read this article on Zacks.com click here. Here is how DuPont de Nemours performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net sales- Electronics & Industrial: $1.37 billion versus the four-analyst average estimate of $1.41 billion.
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b1fb81a7-8a6b-40aa-ac22-d646c4e63664
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715713.0
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2023-11-01 00:00:00 UTC
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Wednesday Sector Laggards: Technology & Communications, Materials
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DD
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https://www.nasdaq.com/articles/wednesday-sector-laggards%3A-technology-communications-materials-0
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nan
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nan
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Looking at the sectors faring worst as of midday Wednesday, shares of Technology & Communications companies are underperforming other sectors, showing a 0.9% loss. Within the sector, Paycom Software Inc (Symbol: PAYC) and Trimble Inc (Symbol: TRMB) are two of the day's laggards, showing a loss of 39.0% and 15.0%, respectively. Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is up 1.0% on the day, and up 35.23% year-to-date. Paycom Software Inc, meanwhile, is down 50.74% year-to-date, and Trimble Inc, is down 20.87% year-to-date. TRMB makes up approximately 0.2% of the underlying holdings of XLK.
The next worst performing sector is the Materials sector, showing a 0.7% loss. Among large Materials stocks, DuPont (Symbol: DD) and FMC Corp. (Symbol: FMC) are the most notable, showing a loss of 6.8% and 4.7%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is down 0.7% in midday trading, and down 1.20% on a year-to-date basis. DuPont, meanwhile, is up 0.26% year-to-date, and FMC Corp., is down 58.00% year-to-date. Combined, DD and FMC make up approximately 5.9% of the underlying holdings of XLB.
Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom:
Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Wednesday. As you can see, two sectors are up on the day, while seven sectors are down.
SECTOR % CHANGE
Energy +0.9%
Utilities +0.8%
Healthcare -0.1%
Financial -0.2%
Industrial -0.4%
Consumer Products -0.5%
Services -0.6%
Materials -0.7%
Technology & Communications -0.9%
25 Dividend Giants Widely Held By ETFs »
Also see:
VB Average Annual Return
LKFN Next Dividend Date
Funds Holding SDS
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Combined, DD and FMC make up approximately 5.9% of the underlying holdings of XLB. Looking at the sectors faring worst as of midday Wednesday, shares of Technology & Communications companies are underperforming other sectors, showing a 0.9% loss. Among large Materials stocks, DuPont (Symbol: DD) and FMC Corp. (Symbol: FMC) are the most notable, showing a loss of 6.8% and 4.7%, respectively.
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Among large Materials stocks, DuPont (Symbol: DD) and FMC Corp. (Symbol: FMC) are the most notable, showing a loss of 6.8% and 4.7%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is down 0.7% in midday trading, and down 1.20% on a year-to-date basis. Looking at the sectors faring worst as of midday Wednesday, shares of Technology & Communications companies are underperforming other sectors, showing a 0.9% loss.
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One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is down 0.7% in midday trading, and down 1.20% on a year-to-date basis. Looking at the sectors faring worst as of midday Wednesday, shares of Technology & Communications companies are underperforming other sectors, showing a 0.9% loss. Among large Materials stocks, DuPont (Symbol: DD) and FMC Corp. (Symbol: FMC) are the most notable, showing a loss of 6.8% and 4.7%, respectively.
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Among large Materials stocks, DuPont (Symbol: DD) and FMC Corp. (Symbol: FMC) are the most notable, showing a loss of 6.8% and 4.7%, respectively. Looking at the sectors faring worst as of midday Wednesday, shares of Technology & Communications companies are underperforming other sectors, showing a 0.9% loss. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is down 0.7% in midday trading, and down 1.20% on a year-to-date basis.
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d0fb48d3-c0ec-43bb-8e65-082b9c021d47
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715714.0
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2023-11-01 00:00:00 UTC
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Noteworthy Wednesday Option Activity: DD, MCK, ABT
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DD
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https://www.nasdaq.com/articles/noteworthy-wednesday-option-activity%3A-dd-mck-abt
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nan
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nan
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in DuPont (Symbol: DD), where a total of 10,926 contracts have traded so far, representing approximately 1.1 million underlying shares. That amounts to about 46.4% of DD's average daily trading volume over the past month of 2.4 million shares. Especially high volume was seen for the $72 strike put option expiring November 17, 2023, with 1,540 contracts trading so far today, representing approximately 154,000 underlying shares of DD. Below is a chart showing DD's trailing twelve month trading history, with the $72 strike highlighted in orange:
McKesson Corp (Symbol: MCK) options are showing a volume of 2,967 contracts thus far today. That number of contracts represents approximately 296,700 underlying shares, working out to a sizeable 43.7% of MCK's average daily trading volume over the past month, of 679,500 shares. Particularly high volume was seen for the $490 strike call option expiring November 03, 2023, with 493 contracts trading so far today, representing approximately 49,300 underlying shares of MCK. Below is a chart showing MCK's trailing twelve month trading history, with the $490 strike highlighted in orange:
And Abbott Laboratories (Symbol: ABT) saw options trading volume of 31,207 contracts, representing approximately 3.1 million underlying shares or approximately 43% of ABT's average daily trading volume over the past month, of 7.3 million shares. Especially high volume was seen for the $96 strike call option expiring November 03, 2023, with 6,160 contracts trading so far today, representing approximately 616,000 underlying shares of ABT. Below is a chart showing ABT's trailing twelve month trading history, with the $96 strike highlighted in orange:
For the various different available expirations for DD options, MCK options, or ABT options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
BWFG shares outstanding history
VEI Videos
Funds Holding TDAC
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $72 strike put option expiring November 17, 2023, with 1,540 contracts trading so far today, representing approximately 154,000 underlying shares of DD. Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in DuPont (Symbol: DD), where a total of 10,926 contracts have traded so far, representing approximately 1.1 million underlying shares. That amounts to about 46.4% of DD's average daily trading volume over the past month of 2.4 million shares.
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Especially high volume was seen for the $72 strike put option expiring November 17, 2023, with 1,540 contracts trading so far today, representing approximately 154,000 underlying shares of DD. Below is a chart showing DD's trailing twelve month trading history, with the $72 strike highlighted in orange: McKesson Corp (Symbol: MCK) options are showing a volume of 2,967 contracts thus far today. Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in DuPont (Symbol: DD), where a total of 10,926 contracts have traded so far, representing approximately 1.1 million underlying shares.
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in DuPont (Symbol: DD), where a total of 10,926 contracts have traded so far, representing approximately 1.1 million underlying shares. That amounts to about 46.4% of DD's average daily trading volume over the past month of 2.4 million shares. Especially high volume was seen for the $72 strike put option expiring November 17, 2023, with 1,540 contracts trading so far today, representing approximately 154,000 underlying shares of DD.
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Below is a chart showing ABT's trailing twelve month trading history, with the $96 strike highlighted in orange: For the various different available expirations for DD options, MCK options, or ABT options, visit StockOptionsChannel.com. Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in DuPont (Symbol: DD), where a total of 10,926 contracts have traded so far, representing approximately 1.1 million underlying shares. That amounts to about 46.4% of DD's average daily trading volume over the past month of 2.4 million shares.
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3855b1e3-bbf9-4db2-b8a9-5d31d57839bf
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715715.0
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2023-11-01 00:00:00 UTC
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DuPont's (DD) Q3 Earnings Surpass Estimates, Revenues Lag
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DD
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https://www.nasdaq.com/articles/duponts-dd-q3-earnings-surpass-estimates-revenues-lag
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nan
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nan
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DuPont de Nemours, Inc. DD reported earnings from continuing operations of 62 cents per share for third-quarter 2023, down from 69 cents per share in the year-ago quarter.
Barring one-time items, earnings came in at 92 cents per share for the reported quarter, topping the Zacks Consensus Estimate of 84 cents.
DuPont raked in net sales of $3,058 million, down 8% from the year-ago quarter. It lagged the Zacks Consensus Estimate of $3,147.6 million. The company saw a 10% decline in organic sales in the quarter,modestly offset by a favorable portfolio impact of 2%.
DuPont de Nemours, Inc. Price, Consensus and EPS Surprise
DuPont de Nemours, Inc. price-consensus-eps-surprise-chart | DuPont de Nemours, Inc. Quote
Segment Highlights
The company’s Electronics & Industrial segment recorded net sales of $1,368 million in the reported quarter, down 9% on a year-over-year comparison basis. It was above our estimate of $1,341 million. Organic sales fell 13% due to a 12% decline in volumes and a 1% fall in prices.
The Semiconductor Technologies business reported a high-teen decline in organic sales due to inventory destocking and reduced semiconductor fab utilization caused by weak consumer electronics demand. However, on a reported basis, sales remained flat sequentially. Interconnect Solutions also witnessed an 11% year-over-year decrease in organic sales, driven by reduced consumer electronics volumes, inventory destocking, and lower metals price pass-through, but reported an 8% sequential increase. In the Industrial Solutions business, organic sales were down by a high-single-digit percentage, primarily due to biopharma market inventory destocking and lower demand in electronics-related sectors, partially offset by increased demand for OLED materials.
Net sales in the Water & Protection unit were $1,413 million, down 8% on a year-over-year comparison basis. The figure was below our estimate of $1,458.1 million. Sales fell due to a 9% decline in volume, slightly offset by a 1% increase in price.
Safety Solutions reported a high-single-digit decline in organic sales, primarily due to volume declines resulting from channel inventory destocking. Shelter Solutions also experienced a high-single-digit organic sales decrease, driven by ongoing softness in the construction market, including inventory destocking. Water Solutions saw a mid-single-digit decline in organic sales, mainly due to lower volumes resulting from weaker industrial demand and distributor inventory destocking in China.
Financials
DuPont had cash and cash equivalents of $1,338 million at the end of the quarter, down around 25% year over year. Long-term debt was $7,740 million, down about 26.7% year over year.
The company also generated operating cash flow from continuing operations of $740 million during the quarter.
Guidance
The company now sees net sales for 2023 to be around $12,170 million. Adjusted earnings per share for 2023 are forecast to be around $3.45. Also, Operating EBITDA for 2023 is expected to be around $2,975 million.
For the fourth quarter, demand for consumer electronics is anticipated to remain in line with the third quarter, as indicated by consistent order rates from customers. This will likely result in a sequential sales improvement in the Semiconductor Technologies segment. However, compared with the previous guidance, there are additional challenges stemming from channel inventory destocking and decreased industrial water demand in China, DD noted.
Price Performance
DuPont’s shares have risen 20.4% in a year compared with the 4.5% fall recorded by the industry.
Image Source: Zacks Investment Research
Zacks Rank & Key Picks
DuPont currently carries a Zacks Rank #4 (Sell).
Some better-ranked stocks in the Basic Materials space are The Andersons Inc. ANDE and Carpenter Technology Corporation CRS, each sporting a Zacks Rank #1 (Strong Buy) and Linde plc LIN, carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for ANDE's current-year earnings has been revised 3.3% upward in 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. ANDE shares have rallied around 37.2% in a year.
The consensus estimate for CRS’s current fiscal year earnings is pegged at $3.57, indicating year-over-year growth of 213.2%. CRS beat the Zacks Consensus Estimate in all of the last four quarters, with the average earnings surprise being 14.3%. The company’s shares have surged 77.2% in the past year.
The consensus estimate for Linde’s current fiscal year earnings is pegged at $14.08, indicating year-over-year growth of 14.6%. LIN beat the Zacks Consensus Estimate in all of the last four quarters, with the average earnings surprise being 5.7%. The company’s shares have rallied 29.8% in the past year.
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The Andersons, Inc. (ANDE) : Free Stock Analysis Report
DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report
Carpenter Technology Corporation (CRS) : Free Stock Analysis Report
Linde PLC (LIN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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However, compared with the previous guidance, there are additional challenges stemming from channel inventory destocking and decreased industrial water demand in China, DD noted. DuPont de Nemours, Inc. DD reported earnings from continuing operations of 62 cents per share for third-quarter 2023, down from 69 cents per share in the year-ago quarter. Click to get this free report The Andersons, Inc. (ANDE) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Carpenter Technology Corporation (CRS) : Free Stock Analysis Report Linde PLC (LIN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report The Andersons, Inc. (ANDE) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Carpenter Technology Corporation (CRS) : Free Stock Analysis Report Linde PLC (LIN) : Free Stock Analysis Report To read this article on Zacks.com click here. DuPont de Nemours, Inc. DD reported earnings from continuing operations of 62 cents per share for third-quarter 2023, down from 69 cents per share in the year-ago quarter. However, compared with the previous guidance, there are additional challenges stemming from channel inventory destocking and decreased industrial water demand in China, DD noted.
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Click to get this free report The Andersons, Inc. (ANDE) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Carpenter Technology Corporation (CRS) : Free Stock Analysis Report Linde PLC (LIN) : Free Stock Analysis Report To read this article on Zacks.com click here. DuPont de Nemours, Inc. DD reported earnings from continuing operations of 62 cents per share for third-quarter 2023, down from 69 cents per share in the year-ago quarter. However, compared with the previous guidance, there are additional challenges stemming from channel inventory destocking and decreased industrial water demand in China, DD noted.
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DuPont de Nemours, Inc. DD reported earnings from continuing operations of 62 cents per share for third-quarter 2023, down from 69 cents per share in the year-ago quarter. However, compared with the previous guidance, there are additional challenges stemming from channel inventory destocking and decreased industrial water demand in China, DD noted. Click to get this free report The Andersons, Inc. (ANDE) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Carpenter Technology Corporation (CRS) : Free Stock Analysis Report Linde PLC (LIN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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5c8a5978-3450-41d4-adca-2eca31ba46db
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715716.0
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2023-11-01 00:00:00 UTC
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Relative Strength Alert For DuPont
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DD
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https://www.nasdaq.com/articles/relative-strength-alert-for-dupont-0
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nan
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nan
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Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In trading on Wednesday, shares of DuPont (Symbol: DD) entered into oversold territory, hitting an RSI reading of 27.6, after changing hands as low as $68.90 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 41.8. A bullish investor could look at DD's 27.6 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DD shares:
Looking at the chart above, DD's low point in its 52 week range is $59.3383 per share, with $78.74 as the 52 week high point — that compares with a last trade of $68.74.
Find out what 9 other oversold stocks you need to know about »
Also see:
Hedge Fund Activity Among Individual Components
Snap-On shares outstanding history
GTLS Historical Earnings
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A bullish investor could look at DD's 27.6 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DD shares: Looking at the chart above, DD's low point in its 52 week range is $59.3383 per share, with $78.74 as the 52 week high point — that compares with a last trade of $68.74. In trading on Wednesday, shares of DuPont (Symbol: DD) entered into oversold territory, hitting an RSI reading of 27.6, after changing hands as low as $68.90 per share.
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In trading on Wednesday, shares of DuPont (Symbol: DD) entered into oversold territory, hitting an RSI reading of 27.6, after changing hands as low as $68.90 per share. A bullish investor could look at DD's 27.6 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DD shares: Looking at the chart above, DD's low point in its 52 week range is $59.3383 per share, with $78.74 as the 52 week high point — that compares with a last trade of $68.74.
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In trading on Wednesday, shares of DuPont (Symbol: DD) entered into oversold territory, hitting an RSI reading of 27.6, after changing hands as low as $68.90 per share. A bullish investor could look at DD's 27.6 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DD shares: Looking at the chart above, DD's low point in its 52 week range is $59.3383 per share, with $78.74 as the 52 week high point — that compares with a last trade of $68.74.
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In trading on Wednesday, shares of DuPont (Symbol: DD) entered into oversold territory, hitting an RSI reading of 27.6, after changing hands as low as $68.90 per share. A bullish investor could look at DD's 27.6 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DD shares: Looking at the chart above, DD's low point in its 52 week range is $59.3383 per share, with $78.74 as the 52 week high point — that compares with a last trade of $68.74.
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de1429b9-a2a0-4410-90ab-8565c196ce52
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715717.0
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2023-11-01 00:00:00 UTC
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DuPont beats third-quarter profit estimates, cuts revenue forecast
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DD
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https://www.nasdaq.com/articles/dupont-beats-third-quarter-profit-estimates-cuts-revenue-forecast
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nan
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nan
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Adds details
Nov 1 - DuPont DD.N on Wednesday beat analysts' estimates for third-quarter profit as lower net interest expense helped counter lower demand across the chemical and materials maker's units.
On an adjusted basis, the company earned 92 cents per share in the quarter ended Sept. 30, compared with estimates of 84 cents, according to LSEG data.
DuPont trimmed its full-year revenue forecast to $12.17 billion from its prior expectations of between $12.45 billion and $12.55 billion.
Chemical makers had flagged a potential blow in the second half of the year from lower demand in key markets like China and Europe.
In the third quarter, DuPont posted a 10% decline in organic sales due to lower volumes primarily from semiconductor and construction end-markets.
(Reporting by Seher Dareen in Bengaluru; Editing by Sriraj Kalluvila)
((Seher.Dareen@thomsonreuters.com; If in India call +91 74832 70128, if within U.S. call +1 646 223 8780;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Adds details Nov 1 - DuPont DD.N on Wednesday beat analysts' estimates for third-quarter profit as lower net interest expense helped counter lower demand across the chemical and materials maker's units. Chemical makers had flagged a potential blow in the second half of the year from lower demand in key markets like China and Europe. In the third quarter, DuPont posted a 10% decline in organic sales due to lower volumes primarily from semiconductor and construction end-markets.
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Adds details Nov 1 - DuPont DD.N on Wednesday beat analysts' estimates for third-quarter profit as lower net interest expense helped counter lower demand across the chemical and materials maker's units. Chemical makers had flagged a potential blow in the second half of the year from lower demand in key markets like China and Europe. In the third quarter, DuPont posted a 10% decline in organic sales due to lower volumes primarily from semiconductor and construction end-markets.
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Adds details Nov 1 - DuPont DD.N on Wednesday beat analysts' estimates for third-quarter profit as lower net interest expense helped counter lower demand across the chemical and materials maker's units. DuPont trimmed its full-year revenue forecast to $12.17 billion from its prior expectations of between $12.45 billion and $12.55 billion. (Reporting by Seher Dareen in Bengaluru; Editing by Sriraj Kalluvila) ((Seher.Dareen@thomsonreuters.com; If in India call +91 74832 70128, if within U.S. call +1 646 223 8780;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Adds details Nov 1 - DuPont DD.N on Wednesday beat analysts' estimates for third-quarter profit as lower net interest expense helped counter lower demand across the chemical and materials maker's units. On an adjusted basis, the company earned 92 cents per share in the quarter ended Sept. 30, compared with estimates of 84 cents, according to LSEG data. DuPont trimmed its full-year revenue forecast to $12.17 billion from its prior expectations of between $12.45 billion and $12.55 billion.
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0c9cac10-d6d4-4a92-9518-ad881541c118
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715718.0
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2023-11-01 00:00:00 UTC
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DuPont To Complete Sale Of 80.1% Stake In Delrin Business To TJC
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DD
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https://www.nasdaq.com/articles/dupont-to-complete-sale-of-80.1-stake-in-delrin-business-to-tjc
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nan
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nan
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(RTTNews) - Specialty chemicals company DuPont de Nemours, Inc. (DD) announced on Wednesday that it will complete the planned sale of its 80.1 percent ownership in Delrin acetal homopolymer business to an affiliate of private equity firm TJC LP.
The transaction values the Delrin business at $1.8 billion.
Upon closing of the transaction, the company will receive around $1.28 billion pre-tax cash proceeds and a note receivable of $350 million.
The company will continue to retain a non-controlling equity interest of 19.9 percent in the business.
In pre-market activity, DuPont shares are trading at $71.80, down 1.48% on the New York Stock Exchange.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Specialty chemicals company DuPont de Nemours, Inc. (DD) announced on Wednesday that it will complete the planned sale of its 80.1 percent ownership in Delrin acetal homopolymer business to an affiliate of private equity firm TJC LP. The company will continue to retain a non-controlling equity interest of 19.9 percent in the business. In pre-market activity, DuPont shares are trading at $71.80, down 1.48% on the New York Stock Exchange.
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(RTTNews) - Specialty chemicals company DuPont de Nemours, Inc. (DD) announced on Wednesday that it will complete the planned sale of its 80.1 percent ownership in Delrin acetal homopolymer business to an affiliate of private equity firm TJC LP. The transaction values the Delrin business at $1.8 billion. Upon closing of the transaction, the company will receive around $1.28 billion pre-tax cash proceeds and a note receivable of $350 million.
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(RTTNews) - Specialty chemicals company DuPont de Nemours, Inc. (DD) announced on Wednesday that it will complete the planned sale of its 80.1 percent ownership in Delrin acetal homopolymer business to an affiliate of private equity firm TJC LP. Upon closing of the transaction, the company will receive around $1.28 billion pre-tax cash proceeds and a note receivable of $350 million. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Specialty chemicals company DuPont de Nemours, Inc. (DD) announced on Wednesday that it will complete the planned sale of its 80.1 percent ownership in Delrin acetal homopolymer business to an affiliate of private equity firm TJC LP. The transaction values the Delrin business at $1.8 billion. Upon closing of the transaction, the company will receive around $1.28 billion pre-tax cash proceeds and a note receivable of $350 million.
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a058dc5c-a893-490b-ad15-7eacf2854f53
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715719.0
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2023-11-01 00:00:00 UTC
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EI DuPont De Nemours & Co. Bottom Line Retreats In Q3
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DD
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https://www.nasdaq.com/articles/ei-dupont-de-nemours-co.-bottom-line-retreats-in-q3
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nan
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nan
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(RTTNews) - EI DuPont De Nemours & Co. (DD) announced a profit for third quarter that decreased from the same period last year
The company's bottom line totaled $319 million, or $0.70 per share. This compares with $367 million, or $0.73 per share, in last year's third quarter.
Excluding items, EI DuPont De Nemours & Co. reported adjusted earnings of $415 million or $0.92 per share for the period.
The company's revenue for the quarter fell 7.8% to $3.06 billion from $3.32 billion last year.
EI DuPont De Nemours & Co. earnings at a glance (GAAP) :
-Earnings (Q3): $319 Mln. vs. $367 Mln. last year. -EPS (Q3): $0.70 vs. $0.73 last year. -Revenue (Q3): $3.06 Bln vs. $3.32 Bln last year.
-Guidance: Full year EPS guidance: $3.45 Full year revenue guidance: $12,170 Mln
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - EI DuPont De Nemours & Co. (DD) announced a profit for third quarter that decreased from the same period last year The company's bottom line totaled $319 million, or $0.70 per share. Excluding items, EI DuPont De Nemours & Co. reported adjusted earnings of $415 million or $0.92 per share for the period. -Guidance: Full year EPS guidance: $3.45 Full year revenue guidance: $12,170 Mln The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - EI DuPont De Nemours & Co. (DD) announced a profit for third quarter that decreased from the same period last year The company's bottom line totaled $319 million, or $0.70 per share. Excluding items, EI DuPont De Nemours & Co. reported adjusted earnings of $415 million or $0.92 per share for the period. EI DuPont De Nemours & Co. earnings at a glance (GAAP) : -Earnings (Q3): $319 Mln.
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(RTTNews) - EI DuPont De Nemours & Co. (DD) announced a profit for third quarter that decreased from the same period last year The company's bottom line totaled $319 million, or $0.70 per share. Excluding items, EI DuPont De Nemours & Co. reported adjusted earnings of $415 million or $0.92 per share for the period. -Guidance: Full year EPS guidance: $3.45 Full year revenue guidance: $12,170 Mln The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - EI DuPont De Nemours & Co. (DD) announced a profit for third quarter that decreased from the same period last year The company's bottom line totaled $319 million, or $0.70 per share. Excluding items, EI DuPont De Nemours & Co. reported adjusted earnings of $415 million or $0.92 per share for the period. vs. $367 Mln.
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6abedf56-2060-4dbe-bf6c-22a8cbb2699d
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715720.0
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2023-11-01 00:00:00 UTC
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DuPont beats third-quarter profit estimates
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DD
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https://www.nasdaq.com/articles/dupont-beats-third-quarter-profit-estimates
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nan
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nan
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Nov 1 - DuPont DD.N on Wednesday beat analysts' estimates for third-quarter profit as the materials and chemicals maker benefited from higher prices for its products used in making goods ranging from plastics and paints to building materials.
On an adjusted basis, the company earned 92 cents per share in the quarter ended Sept. 30, compared with estimates of 84 cents, according to LSEG data.
(Reporting by Seher Dareen in Bengaluru; Editing by Sriraj Kalluvila)
((Seher.Dareen@thomsonreuters.com; If in India call +91 74832 70128, if within U.S. call +1 646 223 8780;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Nov 1 - DuPont DD.N on Wednesday beat analysts' estimates for third-quarter profit as the materials and chemicals maker benefited from higher prices for its products used in making goods ranging from plastics and paints to building materials. On an adjusted basis, the company earned 92 cents per share in the quarter ended Sept. 30, compared with estimates of 84 cents, according to LSEG data. (Reporting by Seher Dareen in Bengaluru; Editing by Sriraj Kalluvila) ((Seher.Dareen@thomsonreuters.com; If in India call +91 74832 70128, if within U.S. call +1 646 223 8780;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Nov 1 - DuPont DD.N on Wednesday beat analysts' estimates for third-quarter profit as the materials and chemicals maker benefited from higher prices for its products used in making goods ranging from plastics and paints to building materials. On an adjusted basis, the company earned 92 cents per share in the quarter ended Sept. 30, compared with estimates of 84 cents, according to LSEG data. (Reporting by Seher Dareen in Bengaluru; Editing by Sriraj Kalluvila) ((Seher.Dareen@thomsonreuters.com; If in India call +91 74832 70128, if within U.S. call +1 646 223 8780;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Nov 1 - DuPont DD.N on Wednesday beat analysts' estimates for third-quarter profit as the materials and chemicals maker benefited from higher prices for its products used in making goods ranging from plastics and paints to building materials. On an adjusted basis, the company earned 92 cents per share in the quarter ended Sept. 30, compared with estimates of 84 cents, according to LSEG data. (Reporting by Seher Dareen in Bengaluru; Editing by Sriraj Kalluvila) ((Seher.Dareen@thomsonreuters.com; If in India call +91 74832 70128, if within U.S. call +1 646 223 8780;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Nov 1 - DuPont DD.N on Wednesday beat analysts' estimates for third-quarter profit as the materials and chemicals maker benefited from higher prices for its products used in making goods ranging from plastics and paints to building materials. On an adjusted basis, the company earned 92 cents per share in the quarter ended Sept. 30, compared with estimates of 84 cents, according to LSEG data. (Reporting by Seher Dareen in Bengaluru; Editing by Sriraj Kalluvila) ((Seher.Dareen@thomsonreuters.com; If in India call +91 74832 70128, if within U.S. call +1 646 223 8780;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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9f0acd86-d6af-4bb9-8c25-9132df36dc1e
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715721.0
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2023-11-01 00:00:00 UTC
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DuPont de Nemours (DD) Tops Q3 Earnings Estimates
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DD
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https://www.nasdaq.com/articles/dupont-de-nemours-dd-tops-q3-earnings-estimates
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nan
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nan
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DuPont de Nemours (DD) came out with quarterly earnings of $0.92 per share, beating the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $0.82 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 9.52%. A quarter ago, it was expected that this specialty chemicals maker would post earnings of $0.83 per share when it actually produced earnings of $0.85, delivering a surprise of 2.41%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
DuPont de Nemours, which belongs to the Zacks Chemical - Diversified industry, posted revenues of $3.06 billion for the quarter ended September 2023, missing the Zacks Consensus Estimate by 2.85%. This compares to year-ago revenues of $3.32 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
DuPont de Nemours shares have added about 6.2% since the beginning of the year versus the S&P 500's gain of 9.2%.
What's Next for DuPont de Nemours?
While DuPont de Nemours has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for DuPont de Nemours: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.90 on $3.2 billion in revenues for the coming quarter and $3.44 on $12.46 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Chemical - Diversified is currently in the bottom 10% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Compass Minerals (CMP), another stock in the same industry, has yet to report results for the quarter ended September 2023. The results are expected to be released on November 16.
This minerals producer is expected to post quarterly earnings of $0.14 per share in its upcoming report, which represents a year-over-year change of +1300%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Compass Minerals' revenues are expected to be $234.84 million, down 5.8% from the year-ago quarter.
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DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report
Compass Minerals International, Inc. (CMP) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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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DuPont de Nemours (DD) came out with quarterly earnings of $0.92 per share, beating the Zacks Consensus Estimate of $0.84 per share. DuPont de Nemours shares have added about 6.2% since the beginning of the year versus the S&P 500's gain of 9.2%. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook.
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Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Compass Minerals International, Inc. (CMP) : Free Stock Analysis Report To read this article on Zacks.com click here. DuPont de Nemours (DD) came out with quarterly earnings of $0.92 per share, beating the Zacks Consensus Estimate of $0.84 per share. DuPont de Nemours shares have added about 6.2% since the beginning of the year versus the S&P 500's gain of 9.2%.
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DuPont de Nemours (DD) came out with quarterly earnings of $0.92 per share, beating the Zacks Consensus Estimate of $0.84 per share. Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Compass Minerals International, Inc. (CMP) : Free Stock Analysis Report To read this article on Zacks.com click here. DuPont de Nemours shares have added about 6.2% since the beginning of the year versus the S&P 500's gain of 9.2%.
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DuPont de Nemours (DD) came out with quarterly earnings of $0.92 per share, beating the Zacks Consensus Estimate of $0.84 per share. DuPont de Nemours shares have added about 6.2% since the beginning of the year versus the S&P 500's gain of 9.2%. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook.
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15b5520e-7c6b-4821-92ec-04025beddb5c
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715722.0
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2023-10-31 00:00:00 UTC
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Pre-Market Earnings Report for November 1, 2023 : CVS, HUM, TRI, APO, TT, SGEN, KHC, TEL, YUM, DD, IDXX, VRSK
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DD
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https://www.nasdaq.com/articles/pre-market-earnings-report-for-november-1-2023-%3A-cvs-hum-tri-apo-tt-sgen-khc-tel-yum-dd
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nan
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nan
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The following companies are expected to report earnings prior to market open on 11/01/2023. Visit our Earnings Calendar for a full list of expected earnings releases.
CVS Health Corporation (CVS)is reporting for the quarter ending September 30, 2023. The drug store company's consensus earnings per share forecast from the 11 analysts that follow the stock is $2.13. This value represents a 1.91% increase compared to the same quarter last year. In the past year CVS has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 4.25%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for CVS is 7.91 vs. an industry ratio of 5.10, implying that they will have a higher earnings growth than their competitors in the same industry.
Humana Inc. (HUM)is reporting for the quarter ending September 30, 2023. The hmo company's consensus earnings per share forecast from the 8 analysts that follow the stock is $7.15. This value represents a 3.92% increase compared to the same quarter last year. In the past year HUM has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 0.68%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for HUM is 18.30 vs. an industry ratio of 15.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Thomson Reuters Corp (TRI)is reporting for the quarter ending September 30, 2023. The technology services company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.68. This value represents a 15.25% increase compared to the same quarter last year. In the past year TRI has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 9.09%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for TRI is 35.96 vs. an industry ratio of -11.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Apollo Global Management, Inc. (APO)is reporting for the quarter ending September 30, 2023. The finance/investment management company's consensus earnings per share forecast from the 3 analysts that follow the stock is $1.64. This value represents a 23.31% increase compared to the same quarter last year. Zacks Investment Research reports that the 2023 Price to Earnings ratio for APO is 12.91 vs. an industry ratio of 11.60, implying that they will have a higher earnings growth than their competitors in the same industry.
Trane Technologies plc (TT)is reporting for the quarter ending September 30, 2023. The technology services company's consensus earnings per share forecast from the 8 analysts that follow the stock is $2.66. This value represents a 17.18% increase compared to the same quarter last year. In the past year TT has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 5.1%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for TT is 21.20 vs. an industry ratio of -11.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Seagen Inc. (SGEN)is reporting for the quarter ending September 30, 2023. The biomedical (gene) company's consensus earnings per share forecast from the 7 analysts that follow the stock is $-0.71. This value represents a 31.07% increase compared to the same quarter last year. Zacks Investment Research reports that the 2023 Price to Earnings ratio for SGEN is -63.36 vs. an industry ratio of -4.90.
The Kraft Heinz Company (KHC)is reporting for the quarter ending September 30, 2023. The food company's consensus earnings per share forecast from the 9 analysts that follow the stock is $0.66. This value represents a 4.76% increase compared to the same quarter last year. In the past year KHC has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 6.76%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for KHC is 10.98 vs. an industry ratio of 17.70.
TE Connectivity Ltd. (TEL)is reporting for the quarter ending September 30, 2023. The electrical instrument company's consensus earnings per share forecast from the 7 analysts that follow the stock is $1.76. This value represents a 6.38% decrease compared to the same quarter last year. In the past year TEL has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 6.63%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for TEL is 17.34 vs. an industry ratio of 10.30, implying that they will have a higher earnings growth than their competitors in the same industry.
Yum! Brands, Inc. (YUM)is reporting for the quarter ending September 30, 2023. The restaurant company's consensus earnings per share forecast from the 11 analysts that follow the stock is $1.26. This value represents a 15.60% increase compared to the same quarter last year. DuPont de Nemours, Inc. (DD)is reporting for the quarter ending September 30, 2023. The chemical company's consensus earnings per share forecast from the 7 analysts that follow the stock is $0.84. This value represents a 2.44% increase compared to the same quarter last year. In the past year DD has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 2.41%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for DD is 21.19 vs. an industry ratio of 15.20, implying that they will have a higher earnings growth than their competitors in the same industry.
IDEXX Laboratories, Inc. (IDXX)is reporting for the quarter ending September 30, 2023. The medical instruments company's consensus earnings per share forecast from the 7 analysts that follow the stock is $2.37. This value represents a 10.23% increase compared to the same quarter last year. In the past year IDXX has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 9.88%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for IDXX is 40.45 vs. an industry ratio of 19.80, implying that they will have a higher earnings growth than their competitors in the same industry.
Verisk Analytics, Inc. (VRSK)is reporting for the quarter ending September 30, 2023. The business info service company's consensus earnings per share forecast from the 9 analysts that follow the stock is $1.46. This value represents a no change for the same quarter last year. In the past year VRSK has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2023 Price to Earnings ratio for VRSK is 39.32 vs. an industry ratio of 20.00, implying that they will have a higher earnings growth than their competitors in the same industry.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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DuPont de Nemours, Inc. (DD)is reporting for the quarter ending September 30, 2023. In the past year DD has beat the expectations every quarter. Zacks Investment Research reports that the 2023 Price to Earnings ratio for DD is 21.19 vs. an industry ratio of 15.20, implying that they will have a higher earnings growth than their competitors in the same industry.
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DuPont de Nemours, Inc. (DD)is reporting for the quarter ending September 30, 2023. In the past year DD has beat the expectations every quarter. Zacks Investment Research reports that the 2023 Price to Earnings ratio for DD is 21.19 vs. an industry ratio of 15.20, implying that they will have a higher earnings growth than their competitors in the same industry.
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DuPont de Nemours, Inc. (DD)is reporting for the quarter ending September 30, 2023. In the past year DD has beat the expectations every quarter. Zacks Investment Research reports that the 2023 Price to Earnings ratio for DD is 21.19 vs. an industry ratio of 15.20, implying that they will have a higher earnings growth than their competitors in the same industry.
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DuPont de Nemours, Inc. (DD)is reporting for the quarter ending September 30, 2023. In the past year DD has beat the expectations every quarter. Zacks Investment Research reports that the 2023 Price to Earnings ratio for DD is 21.19 vs. an industry ratio of 15.20, implying that they will have a higher earnings growth than their competitors in the same industry.
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1494ec27-4ab4-46a8-b7a8-753def5a7fb5
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715723.0
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2023-10-30 00:00:00 UTC
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DuPont (DD) Gears Up for Q3 Earnings: What's in the Cards?
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DD
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https://www.nasdaq.com/articles/dupont-dd-gears-up-for-q3-earnings%3A-whats-in-the-cards
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nan
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nan
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DuPont de Nemours, Inc. DD is scheduled to come up with third-quarter 2023 results, before the opening bell on Nov 1.
The company surpassed the Zacks Consensus Estimate in each of the trailing four quarters. In this timeframe, it delivered an earnings surprise of 5%, on average. It posted an earnings surprise of 2.4% in the last reported quarter.
DuPont is likely to have benefited from firm demand in several industrial markets and its pricing and productivity actions in the third quarter. However, its results are likely to reflect the impacts of demand softness in the water business.
DuPont’s shares are up 26.1% over a year compared with 5.8% decline recorded by the industry it belongs to.
Image Source: Zacks Investment Research
Let’s see how things are shaping up for this announcement.
What do the Estimates Say?
The Zacks Consensus Estimate for revenues for the third quarter for DuPont is currently pinned at $3,147.6 million, suggesting an expected year-over-year decline of 5.1%.
For the third quarter, the company sees net sales of roughly $3,150 million. Adjusted earnings per share for the quarter are projected at roughly 84 cents.
Some Factors to Watch For
DuPont is expected to have witnessed healthy underlying demand in several industrial end markets in the quarter to be reported. Demand is expected to have remained steady in aerospace, automotive and healthcare sectors. The Spectrum Plastics Group acquisition is also likely to have contributed to its top line in the third quarter.
The company is also likely to have benefited from its cost and productivity actions in the to-be-reported quarter. Its structural cost actions are likely to have contributed to its bottom line in the quarter.
DuPont is also expected to have gained from its pricing actions. It also continues to implement strategic price increases in the wake of raw material and energy cost inflation. These actions are likely to have supported its results in the third quarter.
However, the company’s water business is expected to have faced challenges from the slowdown in China. Softer demand in China resulting from the slowdown in the industrial economy is likely to have affected this business. The softness in construction end-markets is also likely to have impacted the shelter solutions business within the Water & Protection segment. Also, customer de-stocking in shelter solutions is expected to have continued through the third quarter.
Our estimate for the company’s Electronics & Industrial segment is pinned at $1,341 million, indicating an 11.3% year over year decline. The same for the Water & Protection unit is pegged at $1,458.1 million, suggesting a 5% year over year decline.
DuPont de Nemours, Inc. Price and EPS Surprise
DuPont de Nemours, Inc. price-eps-surprise | DuPont de Nemours, Inc. Quote
Zacks Model
Our proven model does not conclusively predict an earnings beat for DuPont this season. 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. But that’s not the case here.
Earnings ESP: Earnings ESP for DuPont is +0.25%. The Zacks Consensus Estimate for the third quarter is currently pegged at 84 cents. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: DuPont currently carries a Zacks Rank #4 (Sell).
Stocks That Warrant a Look
Here are some companies in the basic materials space you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter:
Axalta Coating Systems Ltd. AXTA, scheduled to release earnings on Nov 1, has an Earnings ESP of +5.39% and carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
The consensus estimate for AXTA’s earnings for the third quarter is currently pegged at 38 cents.
CF Industries Holdings, Inc. CF, slated to release earnings on Nov 1, has an Earnings ESP of +4.79% and carries a Zacks Rank #3 at present.
The consensus mark for CF’s third-quarter earnings is currently pegged at 94 cents.
Kinross Gold Corporation KGC, scheduled to release third-quarter earnings on Nov 8, has an Earnings ESP of +2.96%.
The Zacks Consensus Estimate for Kinross' earnings for the third quarter is currently pegged at 10 cents. KGC currently carries a Zacks Rank #3.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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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 credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows.
It could rival or surpass other recent 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
DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report
CF Industries Holdings, Inc. (CF) : Free Stock Analysis Report
Kinross Gold Corporation (KGC) : 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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DuPont de Nemours, Inc. DD is scheduled to come up with third-quarter 2023 results, before the opening bell on Nov 1. Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report CF Industries Holdings, Inc. (CF) : Free Stock Analysis Report Kinross Gold Corporation (KGC) : Free Stock Analysis Report Axalta Coating Systems Ltd. (AXTA) : Free Stock Analysis Report To read this article on Zacks.com click here. Stocks That Warrant a Look Here are some companies in the basic materials space you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter:
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Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report CF Industries Holdings, Inc. (CF) : Free Stock Analysis Report Kinross Gold Corporation (KGC) : Free Stock Analysis Report Axalta Coating Systems Ltd. (AXTA) : Free Stock Analysis Report To read this article on Zacks.com click here. DuPont de Nemours, Inc. DD is scheduled to come up with third-quarter 2023 results, before the opening bell on Nov 1. DuPont de Nemours, Inc. Price and EPS Surprise DuPont de Nemours, Inc. price-eps-surprise | DuPont de Nemours, Inc. Quote Zacks Model Our proven model does not conclusively predict an earnings beat for DuPont this season.
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Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report CF Industries Holdings, Inc. (CF) : Free Stock Analysis Report Kinross Gold Corporation (KGC) : Free Stock Analysis Report Axalta Coating Systems Ltd. (AXTA) : Free Stock Analysis Report To read this article on Zacks.com click here. DuPont de Nemours, Inc. DD is scheduled to come up with third-quarter 2023 results, before the opening bell on Nov 1. DuPont de Nemours, Inc. Price and EPS Surprise DuPont de Nemours, Inc. price-eps-surprise | DuPont de Nemours, Inc. Quote Zacks Model Our proven model does not conclusively predict an earnings beat for DuPont this season.
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DuPont de Nemours, Inc. DD is scheduled to come up with third-quarter 2023 results, before the opening bell on Nov 1. Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report CF Industries Holdings, Inc. (CF) : Free Stock Analysis Report Kinross Gold Corporation (KGC) : Free Stock Analysis Report Axalta Coating Systems Ltd. (AXTA) : Free Stock Analysis Report To read this article on Zacks.com click here. DuPont is likely to have benefited from firm demand in several industrial markets and its pricing and productivity actions in the third quarter.
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59898ad6-c5bf-47ff-8eb4-5f3103da9fa3
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715724.0
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2023-10-26 00:00:00 UTC
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Interesting DD Put And Call Options For December 8th
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DD
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https://www.nasdaq.com/articles/interesting-dd-put-and-call-options-for-december-8th
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nan
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nan
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Investors in DuPont (Symbol: DD) saw new options become available today, for the December 8th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new December 8th contracts and identified one put and one call contract of particular interest.
The put contract at the $72.00 strike price has a current bid of $2.15. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $72.00, but will also collect the premium, putting the cost basis of the shares at $69.85 (before broker commissions). To an investor already interested in purchasing shares of DD, that could represent an attractive alternative to paying $72.55/share today.
Because the $72.00 strike represents an approximate 1% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 2.99% return on the cash commitment, or 25.32% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for DuPont, and highlighting in green where the $72.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $73.00 strike price has a current bid of $2.45. If an investor was to purchase shares of DD stock at the current price level of $72.55/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $73.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 4.00% if the stock gets called away at the December 8th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $73.00 strike highlighted in red:
Considering the fact that the $73.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 3.38% boost of extra return to the investor, or 28.64% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $72.55) to be 25%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
Also see:
Electronics Stores Dividend Stocks
Top Ten Hedge Funds Holding HLSS
DGT shares outstanding 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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The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $73.00 strike highlighted in red: Considering the fact that the $73.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected.
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The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Below is a chart showing DD's trailing twelve month trading history, with the $73.00 strike highlighted in red: Considering the fact that the $73.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in DuPont (Symbol: DD) saw new options become available today, for the December 8th expiration.
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The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Below is a chart showing DD's trailing twelve month trading history, with the $73.00 strike highlighted in red: Considering the fact that the $73.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted).
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At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new December 8th contracts and identified one put and one call contract of particular interest. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Below is a chart showing DD's trailing twelve month trading history, with the $73.00 strike highlighted in red: Considering the fact that the $73.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected.
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de88c222-b339-4e4a-861c-e1b07008ceb6
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715725.0
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2023-10-25 00:00:00 UTC
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DD Factor-Based Stock Analysis
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DD
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https://www.nasdaq.com/articles/dd-factor-based-stock-analysis
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nan
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nan
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Below is Validea's guru fundamental report for DUPONT DE NEMOURS INC (DD). Of the 22 guru strategies we follow, DD rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. This multi-factor model seeks low volatility stocks that also have strong momentum and high net payout yields.
DUPONT DE NEMOURS INC (DD) is a large-cap growth stock in the Biotechnology & Drugs industry. The rating using this strategy 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.
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.
MARKET CAP: PASS
STANDARD DEVIATION: PASS
TWELVE MINUS ONE MOMENTUM: NEUTRAL
NET PAYOUT YIELD: NEUTRAL
FINAL RANK: PASS
Detailed Analysis of DUPONT DE NEMOURS INC
DD Guru Analysis
DD Fundamental Analysis
More Information on Pim van Vliet
Pim van Vliet Portfolio
About Pim van Vliet: In investing, you typically need to take more risk to get more return. There is one major exception to this in the factor investing world, though. Low volatility stocks have been proven to outperform their high volatility counterparts, and do so with less risk. Pim van Vliet is the head of Conservative Equities at Robeco Asset Management. His research into conservative factor investing led to the creation of this strategy and the publication of the book "High Returns From Low Risk: A Remarkable Stock Market Paradox". Van Vliet holds a PhD in Financial and Business Economics from Erasmus University Rotterdam.
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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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Below is Validea's guru fundamental report for DUPONT DE NEMOURS INC (DD). Of the 22 guru strategies we follow, DD rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. DUPONT DE NEMOURS INC (DD) is a large-cap growth stock in the Biotechnology & Drugs industry.
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Of the 22 guru strategies we follow, DD rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. Detailed Analysis of DUPONT DE NEMOURS INC DD Guru Analysis DD Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return. Below is Validea's guru fundamental report for DUPONT DE NEMOURS INC (DD).
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Of the 22 guru strategies we follow, DD rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. Detailed Analysis of DUPONT DE NEMOURS INC DD Guru Analysis DD Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return. Additional Research Links Top Healthcare Stocks Dividend Aristocrats2023 Wide Moat Stocks2023 High Insider Ownership Stocks Factor-Based Stock Portfolios About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends.
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Of the 22 guru strategies we follow, DD rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. Detailed Analysis of DUPONT DE NEMOURS INC DD Guru Analysis DD Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return. Below is Validea's guru fundamental report for DUPONT DE NEMOURS INC (DD).
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159d4210-a043-4520-bc69-dbc16ce26717
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715726.0
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2023-10-25 00:00:00 UTC
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DuPont de Nemours (DD) Reports Next Week: Wall Street Expects Earnings Growth
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DD
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https://www.nasdaq.com/articles/dupont-de-nemours-dd-reports-next-week%3A-wall-street-expects-earnings-growth
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Wall Street expects a year-over-year increase in earnings on lower revenues when DuPont de Nemours (DD) reports results for the quarter ended September 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 earnings report, which is expected to be released on November 1, 2023, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on theearnings call it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus Estimate
This specialty chemicals maker is expected to post quarterly earnings of $0.84 per share in its upcoming report, which represents a year-over-year change of +2.4%.
Revenues are expected to be $3.15 billion, down 5.1% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has been revised 0.74% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Earnings Whisper
Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for DuPont de Nemours?
For DuPont de Nemours, 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 +0.25%.
On the other hand, the stock currently carries a Zacks Rank of #4.
So, this combination makes it difficult to conclusively predict that DuPont de Nemours will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?
Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that DuPont de Nemours would post earnings of $0.83 per share when it actually produced earnings of $0.85, delivering a surprise of +2.41%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom Line
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
DuPont de Nemours doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Expected Results of an Industry Player
Huntsman (HUN), another stock in the Zacks Chemical - Diversified industry, is expected to report earnings per share of $0.19 for the quarter ended September 2023. This estimate points to a year-over-year change of -73.2%. Revenues for the quarter are expected to be $1.56 billion, down 22.3% from the year-ago quarter.
Over the last 30 days, the consensus EPS estimate for Huntsman has been revised 23% down to the current level. Nevertheless, the company now has an Earnings ESP of -2.57%, reflecting a lower Most Accurate Estimate.
This Earnings ESP, combined with its Zacks Rank #4 (Sell), makes it difficult to conclusively predict that Huntsman will beat the consensus EPS estimate. Over the last four quarters, the company surpassed EPS estimates just once.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2023. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
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
DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report
Huntsman Corporation (HUN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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 expects a year-over-year increase in earnings on lower revenues when DuPont de Nemours (DD) reports results for the quarter ended September 2023. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Huntsman Corporation (HUN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Wall Street expects a year-over-year increase in earnings on lower revenues when DuPont de Nemours (DD) reports results for the quarter ended September 2023. Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Huntsman Corporation (HUN) : Free Stock Analysis Report To read this article on Zacks.com click here. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success.
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Wall Street expects a year-over-year increase in earnings on lower revenues when DuPont de Nemours (DD) reports results for the quarter ended September 2023. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Huntsman Corporation (HUN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Wall Street expects a year-over-year increase in earnings on lower revenues when DuPont de Nemours (DD) reports results for the quarter ended September 2023. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Huntsman Corporation (HUN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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8feea1ce-0e2c-459b-9574-8b6ce541847f
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715727.0
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2023-10-23 00:00:00 UTC
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DuPont Breaks Below 200-Day Moving Average - Notable for DD
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DD
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https://www.nasdaq.com/articles/dupont-breaks-below-200-day-moving-average-notable-for-dd-0
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nan
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nan
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In trading on Monday, shares of DuPont (Symbol: DD) crossed below their 200 day moving average of $72.25, changing hands as low as $72.20 per share. DuPont shares are currently trading down about 1.1% on the day. The chart below shows the one year performance of DD shares, versus its 200 day moving average:
Looking at the chart above, DD's low point in its 52 week range is $55.04 per share, with $78.74 as the 52 week high point — that compares with a last trade of $72.31. The DD DMA information above was sourced from TechnicalAnalysisChannel.com
Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average »
Also see:
NNBR shares outstanding history
WDFC Price Target
ONAV Videos
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Monday, shares of DuPont (Symbol: DD) crossed below their 200 day moving average of $72.25, changing hands as low as $72.20 per share. The chart below shows the one year performance of DD shares, versus its 200 day moving average: Looking at the chart above, DD's low point in its 52 week range is $55.04 per share, with $78.74 as the 52 week high point — that compares with a last trade of $72.31. The DD DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average » Also see: NNBR shares outstanding history WDFC Price Target ONAV Videos The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Monday, shares of DuPont (Symbol: DD) crossed below their 200 day moving average of $72.25, changing hands as low as $72.20 per share. The chart below shows the one year performance of DD shares, versus its 200 day moving average: Looking at the chart above, DD's low point in its 52 week range is $55.04 per share, with $78.74 as the 52 week high point — that compares with a last trade of $72.31. The DD DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average » Also see: NNBR shares outstanding history WDFC Price Target ONAV Videos The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Monday, shares of DuPont (Symbol: DD) crossed below their 200 day moving average of $72.25, changing hands as low as $72.20 per share. The chart below shows the one year performance of DD shares, versus its 200 day moving average: Looking at the chart above, DD's low point in its 52 week range is $55.04 per share, with $78.74 as the 52 week high point — that compares with a last trade of $72.31. The DD DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average » Also see: NNBR shares outstanding history WDFC Price Target ONAV Videos The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Monday, shares of DuPont (Symbol: DD) crossed below their 200 day moving average of $72.25, changing hands as low as $72.20 per share. The DD DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average » Also see: NNBR shares outstanding history WDFC Price Target ONAV Videos The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The chart below shows the one year performance of DD shares, versus its 200 day moving average: Looking at the chart above, DD's low point in its 52 week range is $55.04 per share, with $78.74 as the 52 week high point — that compares with a last trade of $72.31.
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9196a9b5-5f5a-460b-b65a-36c255e12795
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715728.0
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2023-10-23 00:00:00 UTC
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PREVIEW-Excess stock to drag chemical makers as demand falls short
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DD
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https://www.nasdaq.com/articles/preview-excess-stock-to-drag-chemical-makers-as-demand-falls-short
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nan
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nan
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By Saikeerthi .
Oct 23 (Reuters) - U.S. chemical companies are likely to report a fall in third-quarter revenue as they struggle to trim excess inventory due to a slower-than-expected rebound in demand from Europe and China.
Chemical makers Dow DOW.N, which reports quarterly results on Oct. 24, is expected to post a 26.9% drop in revenue, while DuPont, which is set to report on Nov. 1, is expected to post a 5% decline, according to LSEG data.
Brokerages had previously predicted a better second half for chemical makers, with the China reopening expected to result in higher demand as well as a reduction in destocking - the process of emptying out excess inventory levels following low demand.
However, "we didn't get the sense that demand has improved" on a sequential basis, RBC Capital Markets analyst Arun Viswanathan said.
Analysts at KeyBanc Capital Markets said the outlook for both demand and earnings was expected to remain bleak heading into the fourth quarter as well, since "China's recovery is so far failing to take hold, while Europe is 'stuck' at a low level of demand".
Destocking has hit many chemical companies this year as they struggle to offload excess inventory that stemmed from shortages in 2021 and the first half of 2022.
"We are pretty deep into the destocking cycle, but it's probably not going to end this year," said Aleksey Yefremov, equity research analyst at KeyBanc Capital Markets.
Supply chain challenges and transport disruptions that emerged during the pandemic have continued to plague the U.S. chemical manufacturing companies.
"I'm not sure that things will get better, they just might not get materially worse," Morningstar analyst Seth Goldstein said.
FUNDAMENTALS:
Company
LSEG Q3 revenue estimate
LSEG Q3 EPS estimate
Dow
$10.32 billion (down 26.9% YoY)
44 cents (down 60% YoY)
DuPont de Nemours
$3.15 billion (down 5% YoY)
84 cents (up 2.4% YoY)
WALL STREET SENTIMENT:
Company
Recommendation
Median price target
Dow
Five of 23 analysts rate the stock "buy" or higher and 18 "hold"
$55
DuPont de Nemours
Twelve of 18 analysts rate the stock "buy" or higher and six "hold"
$83
Chemical Makers' sales https://tmsnrt.rs/3FsWng9
(Reporting by Saikeerthi in Bengaluru; Editing by Pooja Desai)
((Saikeerthi@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Oct 23 (Reuters) - U.S. chemical companies are likely to report a fall in third-quarter revenue as they struggle to trim excess inventory due to a slower-than-expected rebound in demand from Europe and China. "We are pretty deep into the destocking cycle, but it's probably not going to end this year," said Aleksey Yefremov, equity research analyst at KeyBanc Capital Markets. Company Recommendation Median price target Dow Five of 23 analysts rate the stock "buy" or higher and 18 "hold" $55 DuPont de Nemours Twelve of 18 analysts rate the stock "buy" or higher and six "hold" $83 Chemical Makers' sales https://tmsnrt.rs/3FsWng9 (Reporting by Saikeerthi in Bengaluru; Editing by Pooja Desai) ((Saikeerthi@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Chemical makers Dow DOW.N, which reports quarterly results on Oct. 24, is expected to post a 26.9% drop in revenue, while DuPont, which is set to report on Nov. 1, is expected to post a 5% decline, according to LSEG data. Company LSEG Q3 revenue estimate LSEG Q3 EPS estimate Dow $10.32 billion (down 26.9% YoY) 44 cents (down 60% YoY) DuPont de Nemours $3.15 billion (down 5% YoY) 84 cents (up 2.4% YoY) Company Recommendation Median price target Dow Five of 23 analysts rate the stock "buy" or higher and 18 "hold" $55 DuPont de Nemours Twelve of 18 analysts rate the stock "buy" or higher and six "hold" $83 Chemical Makers' sales https://tmsnrt.rs/3FsWng9 (Reporting by Saikeerthi in Bengaluru; Editing by Pooja Desai) ((Saikeerthi@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Brokerages had previously predicted a better second half for chemical makers, with the China reopening expected to result in higher demand as well as a reduction in destocking - the process of emptying out excess inventory levels following low demand. Analysts at KeyBanc Capital Markets said the outlook for both demand and earnings was expected to remain bleak heading into the fourth quarter as well, since "China's recovery is so far failing to take hold, while Europe is 'stuck' at a low level of demand". Company Recommendation Median price target Dow Five of 23 analysts rate the stock "buy" or higher and 18 "hold" $55 DuPont de Nemours Twelve of 18 analysts rate the stock "buy" or higher and six "hold" $83 Chemical Makers' sales https://tmsnrt.rs/3FsWng9 (Reporting by Saikeerthi in Bengaluru; Editing by Pooja Desai) ((Saikeerthi@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Chemical makers Dow DOW.N, which reports quarterly results on Oct. 24, is expected to post a 26.9% drop in revenue, while DuPont, which is set to report on Nov. 1, is expected to post a 5% decline, according to LSEG data. Brokerages had previously predicted a better second half for chemical makers, with the China reopening expected to result in higher demand as well as a reduction in destocking - the process of emptying out excess inventory levels following low demand. Analysts at KeyBanc Capital Markets said the outlook for both demand and earnings was expected to remain bleak heading into the fourth quarter as well, since "China's recovery is so far failing to take hold, while Europe is 'stuck' at a low level of demand".
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b69ef710-9107-4139-936d-81a0bca4d888
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715729.0
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2023-10-23 00:00:00 UTC
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Eastman Chemical (EMN) Benefits From Cost Cuts and Innovation
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DD
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https://www.nasdaq.com/articles/eastman-chemical-emn-benefits-from-cost-cuts-and-innovation
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nan
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nan
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Eastman Chemical Company EMN is gaining from cost-cutting and productivity actions as well as its innovation-driven growth model amid certain headwinds, including consumer de-stocking.
Eastman Chemical, which is among the prominent players in the chemical space along with Dow Inc. DOW, DuPont de Nemours, Inc. DD and Celanese Corporation CE, is expected to benefit from lower operating costs from its operational transformation program. It is on track to reduce manufacturing, supply chain and non-manufacturing costs by more than $200 million for 2023, net of inflation. Pricing initiatives and lower raw material and energy costs are also expected to support the company’s bottom line.
Moreover, EMN's goal is to increase new business revenues by utilizing its innovation-driven growth strategy. Due to the company's competence in specialty products, it generated around $550 million in new business revenues from innovation in 2022. Sales volumes are expected to be supported, in 2023, by innovation and market development initiatives.
The company should also gain from its strategic acquisitions. The growth initiatives have been greatly expedited by the acquisition of Solutia, which has provided excellent growth potential in the Asia-Pacific region. Additionally, the buyout of BP Plc’s aviation turbine engine oil business has enabled Eastman Chemical to better serve the needs of the global aviation industry.
The acquisition of PremiumShield has strengthened company’s automotive base in North America, Europe and the Middle East and boosted its paint protection film pattern development capabilities. The acquisition of AiRed Technology (Dalian) Co., Ltd. will also boost growth in the paint protection films market.
Eastman Chemical also remains focused on maintaining a disciplined approach to capital allocation. Its operating cash flow increased to $410 million in the second quarter of 2023 from $245 million in the year-ago quarter. The company returned $144 million to shareholders in the second quarter of 2023 through dividends and share repurchases. Furthermore, it expects to deliver $1.4 billion in operating cash flow in 2023.
However, lingering effects from customer inventory de-stocking are expected to adversely impact Eastman Chemical’s performance in the second half of 2023. The company saw soft demand and consumer de-stocking for its consumer durables, building & construction, consumables and agriculture end markets in the second quarter. The impacts of de-stocking are likely to be felt on the company’s volumes and top line in the third quarter.
Eastman Chemical has lowered its demand growth forecast and now expects primary demand in several of its end markets to be stable compared with the first half. It also expects consumer de-stocking to persist. The company anticipates adjusted EPS in the second half of 2023 to be lower than the first half. EMN is scheduled to release third-quarter earnings on Oct 26.
Another prominent chemical maker, Dow expects net sales in the band of roughly $10.25-$10.75 billion for the third quarter. DOW remains focused on cost-savings actions and will continue to advance its longer-term strategic priorities as it faces a challenging macroeconomic environment. DOW is slated to release third-quarter earnings on Oct 24.
DuPont, in its second-quarter call, said that it sees net sales for 2023 to be in the range of $12,450-$12,550 million. Adjusted earnings per share for 2023 are forecast to be $3.40-$3.50. For third-quarter 2023, the company sees net sales of roughly $3,150 million. Adjusted earnings per share for the quarter are projected at roughly 84 cents. DD is slated to release third-quarter earnings on Nov 1.
Celanese sees adjusted earnings in the range of $2-$2.50 per share for the third quarter. The projection includes the expected roughly 30 cents impact from the M&M amortization. CE is scheduled to release third-quarter earnings on Nov 6.
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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
DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report
Dow Inc. (DOW) : Free Stock Analysis Report
Eastman Chemical Company (EMN) : Free Stock Analysis Report
Celanese Corporation (CE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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 acquisition of PremiumShield has strengthened company’s automotive base in North America, Europe and the Middle East and boosted its paint protection film pattern development capabilities. Eastman Chemical, which is among the prominent players in the chemical space along with Dow Inc. DOW, DuPont de Nemours, Inc. DD and Celanese Corporation CE, is expected to benefit from lower operating costs from its operational transformation program. Additionally, the buyout of BP Plc’s aviation turbine engine oil business has enabled Eastman Chemical to better serve the needs of the global aviation industry.
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Eastman Chemical, which is among the prominent players in the chemical space along with Dow Inc. DOW, DuPont de Nemours, Inc. DD and Celanese Corporation CE, is expected to benefit from lower operating costs from its operational transformation program. Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Dow Inc. (DOW) : Free Stock Analysis Report Eastman Chemical Company (EMN) : Free Stock Analysis Report Celanese Corporation (CE) : Free Stock Analysis Report To read this article on Zacks.com click here. Additionally, the buyout of BP Plc’s aviation turbine engine oil business has enabled Eastman Chemical to better serve the needs of the global aviation industry.
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Eastman Chemical, which is among the prominent players in the chemical space along with Dow Inc. DOW, DuPont de Nemours, Inc. DD and Celanese Corporation CE, is expected to benefit from lower operating costs from its operational transformation program. Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Dow Inc. (DOW) : Free Stock Analysis Report Eastman Chemical Company (EMN) : Free Stock Analysis Report Celanese Corporation (CE) : Free Stock Analysis Report To read this article on Zacks.com click here. Additionally, the buyout of BP Plc’s aviation turbine engine oil business has enabled Eastman Chemical to better serve the needs of the global aviation industry.
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Eastman Chemical, which is among the prominent players in the chemical space along with Dow Inc. DOW, DuPont de Nemours, Inc. DD and Celanese Corporation CE, is expected to benefit from lower operating costs from its operational transformation program. Additionally, the buyout of BP Plc’s aviation turbine engine oil business has enabled Eastman Chemical to better serve the needs of the global aviation industry. The acquisition of PremiumShield has strengthened company’s automotive base in North America, Europe and the Middle East and boosted its paint protection film pattern development capabilities.
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a650a667-5f05-47ed-a72c-c66cc316663e
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715730.0
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2023-10-23 00:00:00 UTC
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Noteworthy Monday Option Activity: SCHW, TGT, DD
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DD
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https://www.nasdaq.com/articles/noteworthy-monday-option-activity%3A-schw-tgt-dd
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nan
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nan
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in The Charles Schwab Corporation (Symbol: SCHW), where a total of 48,246 contracts have traded so far, representing approximately 4.8 million underlying shares. That amounts to about 47% of SCHW's average daily trading volume over the past month of 10.3 million shares. Especially high volume was seen for the $30 strike put option expiring November 17, 2023, with 5,637 contracts trading so far today, representing approximately 563,700 underlying shares of SCHW. Below is a chart showing SCHW's trailing twelve month trading history, with the $30 strike highlighted in orange:
Target Corp (Symbol: TGT) saw options trading volume of 21,893 contracts, representing approximately 2.2 million underlying shares or approximately 43.8% of TGT's average daily trading volume over the past month, of 5.0 million shares. Especially high volume was seen for the $115 strike call option expiring November 17, 2023, with 1,101 contracts trading so far today, representing approximately 110,100 underlying shares of TGT. Below is a chart showing TGT's trailing twelve month trading history, with the $115 strike highlighted in orange:
And DuPont (Symbol: DD) options are showing a volume of 10,449 contracts thus far today. That number of contracts represents approximately 1.0 million underlying shares, working out to a sizeable 43.3% of DD's average daily trading volume over the past month, of 2.4 million shares. Especially high volume was seen for the $67.50 strike put option expiring January 19, 2024, with 1,860 contracts trading so far today, representing approximately 186,000 underlying shares of DD. Below is a chart showing DD's trailing twelve month trading history, with the $67.50 strike highlighted in orange:
For the various different available expirations for SCHW options, TGT options, or DD options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
BYD Next Dividend Date
EFAS Options Chain
LONE Insider Buying
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $67.50 strike put option expiring January 19, 2024, with 1,860 contracts trading so far today, representing approximately 186,000 underlying shares of DD. Below is a chart showing TGT's trailing twelve month trading history, with the $115 strike highlighted in orange: And DuPont (Symbol: DD) options are showing a volume of 10,449 contracts thus far today. That number of contracts represents approximately 1.0 million underlying shares, working out to a sizeable 43.3% of DD's average daily trading volume over the past month, of 2.4 million shares.
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Below is a chart showing TGT's trailing twelve month trading history, with the $115 strike highlighted in orange: And DuPont (Symbol: DD) options are showing a volume of 10,449 contracts thus far today. That number of contracts represents approximately 1.0 million underlying shares, working out to a sizeable 43.3% of DD's average daily trading volume over the past month, of 2.4 million shares. Especially high volume was seen for the $67.50 strike put option expiring January 19, 2024, with 1,860 contracts trading so far today, representing approximately 186,000 underlying shares of DD.
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Below is a chart showing DD's trailing twelve month trading history, with the $67.50 strike highlighted in orange: For the various different available expirations for SCHW options, TGT options, or DD options, visit StockOptionsChannel.com. Below is a chart showing TGT's trailing twelve month trading history, with the $115 strike highlighted in orange: And DuPont (Symbol: DD) options are showing a volume of 10,449 contracts thus far today. That number of contracts represents approximately 1.0 million underlying shares, working out to a sizeable 43.3% of DD's average daily trading volume over the past month, of 2.4 million shares.
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Below is a chart showing DD's trailing twelve month trading history, with the $67.50 strike highlighted in orange: For the various different available expirations for SCHW options, TGT options, or DD options, visit StockOptionsChannel.com. Below is a chart showing TGT's trailing twelve month trading history, with the $115 strike highlighted in orange: And DuPont (Symbol: DD) options are showing a volume of 10,449 contracts thus far today. That number of contracts represents approximately 1.0 million underlying shares, working out to a sizeable 43.3% of DD's average daily trading volume over the past month, of 2.4 million shares.
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ddde2f8a-0c78-4e27-a284-7b6e0947d385
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715731.0
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2023-10-23 00:00:00 UTC
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DuPont (DD) Unveils Low-Cyclics Silicone Soft Skin Adhesive
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DD
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https://www.nasdaq.com/articles/dupont-dd-unveils-low-cyclics-silicone-soft-skin-adhesive
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nan
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DuPont de Nemours Inc. DD recently introduced the new DuPont Liveo MG 7-9960 Soft Skin Adhesive. The silicone soft skin adhesive (SSA) with higher adhesion and lower cyclics is intended for advanced wound care dressings and adhering medical devices to the skin for lengthy wear time and gentle removal.
DuPont Liveo has long been regarded as a world leader in silicone technology for medical devices, having established the critical qualities of silicone skin adhesives. These technologies have been widely adopted by the market in advanced wound care and scar therapies. DuPont, which is among the prominent players in the chemical space along with Dow Inc. DOW, Eastman Chemical Company EMN and Celanese Corporation CE, is now adding this new SSA solution to its existing portfolio.
The peel adhesion of the new DuPont Liveo MG 7-9960 Soft Skin Adhesive is the highest in the Liveo SSA family. It improves conformability, atraumatic removal, repositionability, wear performance and design flexibility. Furthermore, Liveo MG 7-9960 SSA is non-sensitizing, non-irritating and non-cytotoxic, making it perfect for protecting the exceptionally delicate and fragile skin of groups such as children, the elderly and patients with skin disorders or open wounds.
The adhesive was created as part of DuPont's efforts to broaden its portfolio of solutions to support the expanding medical device market. It also enables manufacturers to fine-tune performance by altering coat weight to match the application needs of device designers.
DuPont, on its second-quarter call, said that it sees net sales for 2023 in the range of $12,450-$12,550 million. Adjusted earnings per share for 2023 are forecast to be $3.40-$3.50. For third-quarter 2023, the company sees net sales of roughly $3,150 million. Adjusted earnings per share for the quarter are projected at approximately 84 cents.
Another prominent chemical maker, Dow, expects net sales in the band of $10.25-$10.75 billion for the third quarter. DOW remains focused on cost-saving actions and will continue to advance its longer-term strategic priorities as it faces a challenging macroeconomic environment.
Eastman Chemical expects EPS for 2023 to be between $6.50 and $7.00. EMN anticipates that adjusted EPS in the second half of 2023 to be lower than the first half.
Celanese sees adjusted earnings in the range of $2-$2.50 per share for the third quarter of 2023. The projection includes the expected roughly 30 cents impact from the M&M amortization.
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DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report
Dow Inc. (DOW) : Free Stock Analysis Report
Eastman Chemical Company (EMN) : Free Stock Analysis Report
Celanese Corporation (CE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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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DuPont de Nemours Inc. DD recently introduced the new DuPont Liveo MG 7-9960 Soft Skin Adhesive. DuPont, which is among the prominent players in the chemical space along with Dow Inc. DOW, Eastman Chemical Company EMN and Celanese Corporation CE, is now adding this new SSA solution to its existing portfolio. Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Dow Inc. (DOW) : Free Stock Analysis Report Eastman Chemical Company (EMN) : Free Stock Analysis Report Celanese Corporation (CE) : Free Stock Analysis Report To read this article on Zacks.com click here.
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DuPont de Nemours Inc. DD recently introduced the new DuPont Liveo MG 7-9960 Soft Skin Adhesive. DuPont, which is among the prominent players in the chemical space along with Dow Inc. DOW, Eastman Chemical Company EMN and Celanese Corporation CE, is now adding this new SSA solution to its existing portfolio. Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Dow Inc. (DOW) : Free Stock Analysis Report Eastman Chemical Company (EMN) : Free Stock Analysis Report Celanese Corporation (CE) : Free Stock Analysis Report To read this article on Zacks.com click here.
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DuPont, which is among the prominent players in the chemical space along with Dow Inc. DOW, Eastman Chemical Company EMN and Celanese Corporation CE, is now adding this new SSA solution to its existing portfolio. Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Dow Inc. (DOW) : Free Stock Analysis Report Eastman Chemical Company (EMN) : Free Stock Analysis Report Celanese Corporation (CE) : Free Stock Analysis Report To read this article on Zacks.com click here. DuPont de Nemours Inc. DD recently introduced the new DuPont Liveo MG 7-9960 Soft Skin Adhesive.
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DuPont de Nemours Inc. DD recently introduced the new DuPont Liveo MG 7-9960 Soft Skin Adhesive. DuPont, which is among the prominent players in the chemical space along with Dow Inc. DOW, Eastman Chemical Company EMN and Celanese Corporation CE, is now adding this new SSA solution to its existing portfolio. Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Dow Inc. (DOW) : Free Stock Analysis Report Eastman Chemical Company (EMN) : Free Stock Analysis Report Celanese Corporation (CE) : Free Stock Analysis Report To read this article on Zacks.com click here.
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bfe4ae4e-740a-4409-b9d7-c82572aa5262
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715732.0
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2023-10-22 00:00:00 UTC
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This High-Yield Dividend Stock Just Declared Its 449th Consecutive Payout
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DD
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https://www.nasdaq.com/articles/this-high-yield-dividend-stock-just-declared-its-449th-consecutive-payout
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nan
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DowDuPont split into three companies in 2019, including Dow (NYSE: DOW), DuPont de Nemours, and Corteva. Since the split, investors have gotten the opportunity to invest solely in Dow, the commodity chemicals business.
On Oct. 12, Dow declared a quarterly dividend of $0.70 per share. That marked the 449th consecutive dividend paid by Dow or its affiliates since 1912. It's an impressive streak, but Dow hasn't raised its dividend since the spin-off, choosing instead to keep it unchanged at $0.70 per share.
Here's why Dow's decision to keep its dividend steady isn't a big deal, and why the dividend stock -- with its juicy 5.6% yield -- is worth buying now.
Image source: Getty Images.
A primer on Dow's business
Dow is a commodity chemical company that focuses on four main segments -- packaging, infrastructure, consumer, and mobility. It makes chemicals that are used in everything from adhesives to resins, coatings, plastics, seals, foams, gels, you name it.
A good way of understanding the business of commodity chemicals is to compare it to buying gas at a gas station. The differentiating factor in buying gasoline from one gas station or another is the price, not the brand. A company like Valero is simply trying to refine crude oil for the lowest price possible and sell it for the highest price possible. Dow is doing the same thing, just on the chemical side. So when you hear "commodity chemical company" it basically means the edge comes from superior procurement, manufacturing, and distribution rather than selling a better product than competitors.
Since Dow serves a wide swath of industries and applications, its business generally benefits from a growing economy. When its customers are making more products, they need more inputs from Dow. When its customers have lower demand, they may decide to produce less and cut orders from Dow.
From an engineering and science standpoint, Dow is a complex business. But as an investment it's actually fairly straightforward. The objective for Dow is to accurately forecast demand and efficiently run its 104 manufacturing sites. Since Dow can't control the ebbs and flows of the broader economy, the key for investors is to watch how the company manages costs and capital investments.
Dow is doing a good job navigating the business cycle
Dow's margins have taken a major hit recently as the company has faced slowing economic growth. However, Dow is on track to implement $1 billion in cost savings this year. And it is still earning plenty of profit to support its dividend and buybacks.
Since spinning off from DowDuPont, Dow has reduced its net debt and pension liability by $10 billion. In its Q2 earnings presentation, Dow indicated that nearly all of its debt is at a fixed rate, and that its 2023 interest expense is expected to be 40% lower than its 2019 interest expense thanks to the fixed rate and debt paydown.
Having a strong balance sheet gives Dow the flexibility needed to support buybacks and dividends while also investing in expansion.
In 2022, Dow spent about $2 billion on share repurchases. Its stock buybacks haven't been as sizable in 2023, at just $320 million in the first half of the year. But Dow is still using excess profits to reward shareholders through buybacks, not dividend raises.
While dividends provide a one-off benefit for investors, buybacks have long-lasting effects. Buybacks reduce the number of shares outstanding, thereby boosting earnings per share all things being equal. So while Dow's unchanged dividend looks like a red flag on the surface, it's actually completely understandable given the company's capital allocation targets, the sizable buybacks, and the fact the yield is already 5.6% -- which is more than triple the yield of the S&P 500.
Risks worth considering
In the short term, Dow's business is under pressure from lower demand for its products and higher input costs associated with higher energy prices. Dow's business is vulnerable to changes in energy prices, both because of the energy needed for manufacturing and procurement and because many of Dow's products are derived from crude oil.
Longer term, Dow is challenged by the energy transition and carbon reduction targets. The commodity chemicals business is extremely carbon intensive. But Dow is taking action.
It has set a goal of reducing net annual carbon emissions by 15%, or 5 million metric tons, compared to 2020. By 2030, Dow wants to use 3 million metric tons of plastic waste and alternative feedstocks to make products. And by 2035 it wants to make sure that 100% of its products sold for packaging applications are reusable or recyclable.
Aside from expanding its existing operations, Dow is investing in low-emission projects like the world's first net-zero carbon ethylene and derivates complex in Alberta, Canada. Operating an efficient business and maintaining a strong balance sheet are essential if Dow wants to be able to afford to branch out of its wheelhouse into these low- and no-carbon alternatives.
Dow stock is a buy
The recipe for success for a company like Dow is to maintain a strong balance sheet so that it can support investments throughout the market cycle. Despite the company's earnings and free cash flow falling from their 2022 peak, Dow's business is still performing well.
What's unique about Dow stock is that it provides short- and long-term benefits to shareholders. The short-term benefit is the dividend. Longer term, an investment in Dow is essentially a bet on the growth of the global economy, giving investors potential upside if demand for commodity chemicals rises steadily over time.
All told, the strength of Dow's balance sheet and its market position make it a safe dividend stock worth considering now.
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Daniel Foelber 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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Since Dow can't control the ebbs and flows of the broader economy, the key for investors is to watch how the company manages costs and capital investments. Aside from expanding its existing operations, Dow is investing in low-emission projects like the world's first net-zero carbon ethylene and derivates complex in Alberta, Canada. Longer term, an investment in Dow is essentially a bet on the growth of the global economy, giving investors potential upside if demand for commodity chemicals rises steadily over time.
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Risks worth considering In the short term, Dow's business is under pressure from lower demand for its products and higher input costs associated with higher energy prices. Operating an efficient business and maintaining a strong balance sheet are essential if Dow wants to be able to afford to branch out of its wheelhouse into these low- and no-carbon alternatives. All told, the strength of Dow's balance sheet and its market position make it a safe dividend stock worth considering now.
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A primer on Dow's business Dow is a commodity chemical company that focuses on four main segments -- packaging, infrastructure, consumer, and mobility. Dow's business is vulnerable to changes in energy prices, both because of the energy needed for manufacturing and procurement and because many of Dow's products are derived from crude oil. Dow stock is a buy The recipe for success for a company like Dow is to maintain a strong balance sheet so that it can support investments throughout the market cycle.
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Since the split, investors have gotten the opportunity to invest solely in Dow, the commodity chemicals business. Since spinning off from DowDuPont, Dow has reduced its net debt and pension liability by $10 billion. That's right -- they think these 10 stocks are even better buys.
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650e2a51-b967-4ca1-8bd5-e2c3d454f070
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715733.0
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2023-10-19 00:00:00 UTC
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DD December 15th Options Begin Trading
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https://www.nasdaq.com/articles/dd-december-15th-options-begin-trading
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Investors in DuPont (Symbol: DD) saw new options become available today, for the December 15th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new December 15th contracts and identified one put and one call contract of particular interest.
The put contract at the $72.50 strike price has a current bid of $1.85. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $72.50, but will also collect the premium, putting the cost basis of the shares at $70.65 (before broker commissions). To an investor already interested in purchasing shares of DD, that could represent an attractive alternative to paying $74.39/share today.
Because the $72.50 strike represents an approximate 3% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 2.55% return on the cash commitment, or 16.33% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for DuPont, and highlighting in green where the $72.50 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $75.00 strike price has a current bid of $2.65. If an investor was to purchase shares of DD stock at the current price level of $74.39/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $75.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 4.38% if the stock gets called away at the December 15th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $75.00 strike highlighted in red:
Considering the fact that the $75.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 3.56% boost of extra return to the investor, or 22.79% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $74.39) to be 25%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
Also see:
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BBLG 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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The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $75.00 strike highlighted in red: Considering the fact that the $75.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected.
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The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Below is a chart showing DD's trailing twelve month trading history, with the $75.00 strike highlighted in red: Considering the fact that the $75.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in DuPont (Symbol: DD) saw new options become available today, for the December 15th expiration.
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The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Below is a chart showing DD's trailing twelve month trading history, with the $75.00 strike highlighted in red: Considering the fact that the $75.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted).
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At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new December 15th contracts and identified one put and one call contract of particular interest. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Below is a chart showing DD's trailing twelve month trading history, with the $75.00 strike highlighted in red: Considering the fact that the $75.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected.
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ff0d14f3-4229-4040-b195-a5c051c01b28
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715734.0
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2023-10-18 00:00:00 UTC
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Daily Dividend Report: MS,DD,SON,PAG,LECO
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DD
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https://www.nasdaq.com/articles/daily-dividend-report%3A-msddsonpagleco
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nan
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The Morgan Stanley Board of Directors declared a $0.85 quarterly dividend per share, payable on November 15, 2023 to common shareholders of record on October 31, 2023.
DuPont today announced that its Board of Directors has declared a third quarter dividend of thirty-six cents per share on the outstanding Common Stock of the Company payable on December 15, 2023, to holders of record of said stock at the close of business on November 30, 2023.
The Board of Directors of Sonoco has declared a $0.51 per share quarterly common stock dividend. This dividend will be paid on December 8, 2023, to shareholders of record as of November 10, 2023.
Penske Automotive Group, a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers, today announced that its Board of Directors has increased the Company's quarterly dividend by $0.07 per share, or 9.7%, to $0.79 per share. "Our healthy balance sheet, continued strong cash flow and the strength of operations enables us to increase the cash dividend and reward our shareholders," said Penske Automotive Group President, Robert Kurnick, Jr. The dividend is payable December 1, 2023, to shareholders of record as of November 10, 2023.
Lincoln Electric Holdings announced today that its Board of Directors has approved an 11% increase in the quarterly cash dividend, from $0.64 per share to $0.71 per share, or to $2.84 per share on an annualized basis. The dividend is payable January 12, 2024, to shareholders of record at the close of business on December 31, 2023.
VIDEO: Daily Dividend Report: MS,DD,SON,PAG,LECO
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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VIDEO: Daily Dividend Report: MS,DD,SON,PAG,LECO The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The Morgan Stanley Board of Directors declared a $0.85 quarterly dividend per share, payable on November 15, 2023 to common shareholders of record on October 31, 2023. DuPont today announced that its Board of Directors has declared a third quarter dividend of thirty-six cents per share on the outstanding Common Stock of the Company payable on December 15, 2023, to holders of record of said stock at the close of business on November 30, 2023.
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VIDEO: Daily Dividend Report: MS,DD,SON,PAG,LECO The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The Morgan Stanley Board of Directors declared a $0.85 quarterly dividend per share, payable on November 15, 2023 to common shareholders of record on October 31, 2023. DuPont today announced that its Board of Directors has declared a third quarter dividend of thirty-six cents per share on the outstanding Common Stock of the Company payable on December 15, 2023, to holders of record of said stock at the close of business on November 30, 2023.
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VIDEO: Daily Dividend Report: MS,DD,SON,PAG,LECO The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. DuPont today announced that its Board of Directors has declared a third quarter dividend of thirty-six cents per share on the outstanding Common Stock of the Company payable on December 15, 2023, to holders of record of said stock at the close of business on November 30, 2023. Penske Automotive Group, a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers, today announced that its Board of Directors has increased the Company's quarterly dividend by $0.07 per share, or 9.7%, to $0.79 per share.
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VIDEO: Daily Dividend Report: MS,DD,SON,PAG,LECO The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The Morgan Stanley Board of Directors declared a $0.85 quarterly dividend per share, payable on November 15, 2023 to common shareholders of record on October 31, 2023. DuPont today announced that its Board of Directors has declared a third quarter dividend of thirty-six cents per share on the outstanding Common Stock of the Company payable on December 15, 2023, to holders of record of said stock at the close of business on November 30, 2023.
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79f0b809-d9d4-4ce6-90ca-14fbaac888c5
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715735.0
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2023-10-18 00:00:00 UTC
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US Steel (X), DuPont Launch COASTALUME for Coastal Environment
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DD
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https://www.nasdaq.com/articles/us-steel-x-dupont-launch-coastalume-for-coastal-environment
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nan
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United States Steel Corporation X and DuPont de Nemours, Inc. DD have introduced COASTALUME, North America's first GALVALUME material designed and warrantied for coastal environments. The COASTALUME product combines the strength and self-healing qualities of U.S. Steel's GALVALUME material with a DuPont Tedlar PVF film barrier that withstands saltwater corrosion, UV damage, cracking, impact and other factors. The collectively designed product is exclusively available through U.S. Steel.
Nearly 40% of Americans reside in coastal countries, where they are more frequently exposed to environmental hazards such as hurricane-force winds and saltwater-sprayed clothing. U.S. Steel and DuPont have created a maintenance-free roofing solution using these two materials for the first time that offers the level of durability and dependability required in coastal residential and commercial construction.
For architects, builders and homeowners alike, the combination of a best-in-class warranty and a timeless aesthetic, including a wide range of color and finish options, further elevates steel options.
U.S. Steel will be able to completely address the special requirements of coastal construction, which must survive the damage that wind and saltwater inflict over time, by combining its steel with the demonstrated performance and durability of DuPont Tedlar PVF film through COASTALUME.
Shares of U.S. Steel have gained 69.9% over the past year compared with a 35.3% rise of its industry.
Image Source: Zacks Investment Research
U.S. Steel, last month, issued its guidance for third-quarter 2023. The company expects adjusted net earnings per share to be in the range of $1.10 to $1.15. It anticipates adjusted EBITDA for the third quarter to be approximately $550 million.
United States Steel Corporation Price and Consensus
United States Steel Corporation price-consensus-chart | United States Steel Corporation Quote
Zacks Rank & Key Picks
U.S. Steel currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the basic materials space include Equinox Gold Corp. EQX and Koppers Holdings Inc. KOP
Equinox has a projected earnings growth rate of 90% for the current year. It currently carries a Zacks Rank #1 (Strong Buy). Equinox delivered a trailing four-quarter earnings surprise of roughly 18.1%, on average. The stock is up around 40.8% in a year. You can see the complete list of today’s Zacks #1 Rank stocks here.
Koppers has a projected earnings growth rate of 7.5% for the current year. It currently carries a Zacks Rank #2 (Buy). Koppers delivered a trailing four-quarter earnings surprise of roughly 21.7%, on average. The stock is up around 65.4% in a year.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
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United States Steel Corporation (X) : Free Stock Analysis Report
DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report
Koppers Holdings Inc. (KOP) : Free Stock Analysis Report
Equinox Gold Corp. (EQX) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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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United States Steel Corporation X and DuPont de Nemours, Inc. DD have introduced COASTALUME, North America's first GALVALUME material designed and warrantied for coastal environments. U.S. Steel will be able to completely address the special requirements of coastal construction, which must survive the damage that wind and saltwater inflict over time, by combining its steel with the demonstrated performance and durability of DuPont Tedlar PVF film through COASTALUME. Click to get this free report United States Steel Corporation (X) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Koppers Holdings Inc. (KOP) : Free Stock Analysis Report Equinox Gold Corp. (EQX) : Free Stock Analysis Report To read this article on Zacks.com click here.
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United States Steel Corporation X and DuPont de Nemours, Inc. DD have introduced COASTALUME, North America's first GALVALUME material designed and warrantied for coastal environments. Click to get this free report United States Steel Corporation (X) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Koppers Holdings Inc. (KOP) : Free Stock Analysis Report Equinox Gold Corp. (EQX) : Free Stock Analysis Report To read this article on Zacks.com click here. U.S. Steel will be able to completely address the special requirements of coastal construction, which must survive the damage that wind and saltwater inflict over time, by combining its steel with the demonstrated performance and durability of DuPont Tedlar PVF film through COASTALUME.
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U.S. Steel will be able to completely address the special requirements of coastal construction, which must survive the damage that wind and saltwater inflict over time, by combining its steel with the demonstrated performance and durability of DuPont Tedlar PVF film through COASTALUME. Click to get this free report United States Steel Corporation (X) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Koppers Holdings Inc. (KOP) : Free Stock Analysis Report Equinox Gold Corp. (EQX) : Free Stock Analysis Report To read this article on Zacks.com click here. United States Steel Corporation X and DuPont de Nemours, Inc. DD have introduced COASTALUME, North America's first GALVALUME material designed and warrantied for coastal environments.
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United States Steel Corporation X and DuPont de Nemours, Inc. DD have introduced COASTALUME, North America's first GALVALUME material designed and warrantied for coastal environments. U.S. Steel will be able to completely address the special requirements of coastal construction, which must survive the damage that wind and saltwater inflict over time, by combining its steel with the demonstrated performance and durability of DuPont Tedlar PVF film through COASTALUME. Click to get this free report United States Steel Corporation (X) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Koppers Holdings Inc. (KOP) : Free Stock Analysis Report Equinox Gold Corp. (EQX) : Free Stock Analysis Report To read this article on Zacks.com click here.
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c1fea1a9-3a63-4b32-893d-3a1c3b94941f
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715736.0
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2023-10-05 00:00:00 UTC
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DD November 24th Options Begin Trading
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https://www.nasdaq.com/articles/dd-november-24th-options-begin-trading
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Investors in DuPont (Symbol: DD) saw new options begin trading today, for the November 24th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new November 24th contracts and identified one put and one call contract of particular interest.
The put contract at the $73.00 strike price has a current bid of $2.20. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $73.00, but will also collect the premium, putting the cost basis of the shares at $70.80 (before broker commissions). To an investor already interested in purchasing shares of DD, that could represent an attractive alternative to paying $73.45/share today.
Because the $73.00 strike represents an approximate 1% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 3.01% return on the cash commitment, or 21.98% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for DuPont, and highlighting in green where the $73.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $74.00 strike price has a current bid of $2.60. If an investor was to purchase shares of DD stock at the current price level of $73.45/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $74.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 4.29% if the stock gets called away at the November 24th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $74.00 strike highlighted in red:
Considering the fact that the $74.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 3.54% boost of extra return to the investor, or 25.82% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $73.45) to be 25%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
Also see:
Top Monthly Dividend Paying Stocks
GHM Historical Stock Prices
Top Ten Hedge Funds Holding XSOE
The views and 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 current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $74.00 strike highlighted in red: Considering the fact that the $74.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected.
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The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Below is a chart showing DD's trailing twelve month trading history, with the $74.00 strike highlighted in red: Considering the fact that the $74.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in DuPont (Symbol: DD) saw new options begin trading today, for the November 24th expiration.
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The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Below is a chart showing DD's trailing twelve month trading history, with the $74.00 strike highlighted in red: Considering the fact that the $74.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted).
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At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new November 24th contracts and identified one put and one call contract of particular interest. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Below is a chart showing DD's trailing twelve month trading history, with the $74.00 strike highlighted in red: Considering the fact that the $74.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected.
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c4509cee-f205-49c5-872a-49733e803e3b
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715737.0
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2023-10-05 00:00:00 UTC
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Citigroup Maintains DuPont de Nemours (DD) Neutral Recommendation
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DD
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https://www.nasdaq.com/articles/citigroup-maintains-dupont-de-nemours-dd-neutral-recommendation-0
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Fintel reports that on October 4, 2023, Citigroup maintained coverage of DuPont de Nemours (NYSE:DD) with a Neutral recommendation.
Analyst Price Forecast Suggests 14.47% Upside
As of August 31, 2023, the average one-year price target for DuPont de Nemours is 84.34. The forecasts range from a low of 71.00 to a high of $96.60. The average price target represents an increase of 14.47% from its latest reported closing price of 73.68.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for DuPont de Nemours is 13,360MM, an increase of 6.60%. The projected annual non-GAAP EPS is 3.94.
What is the Fund Sentiment?
There are 2003 funds or institutions reporting positions in DuPont de Nemours. This is an increase of 2 owner(s) or 0.10% in the last quarter. Average portfolio weight of all funds dedicated to DD is 0.28%, a decrease of 2.66%. Total shares owned by institutions decreased in the last three months by 0.37% to 412,957K shares.
The put/call ratio of DD is 0.79, indicating a bullish outlook.
What are Other Shareholders Doing?
Massachusetts Financial Services holds 23,410K shares representing 5.10% ownership of the company. In it's prior filing, the firm reported owning 23,332K shares, representing an increase of 0.33%. The firm decreased its portfolio allocation in DD by 3.81% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 12,868K shares representing 2.80% ownership of the company. In it's prior filing, the firm reported owning 22,093K shares, representing a decrease of 71.69%. The firm decreased its portfolio allocation in DD by 21.87% over the last quarter.
Bnp Paribas Arbitrage holds 12,571K shares representing 2.74% ownership of the company. In it's prior filing, the firm reported owning 8,257K shares, representing an increase of 34.32%. The firm increased its portfolio allocation in DD by 771.37% over the last quarter.
MEIAX - MFS Value Fund A holds 11,692K shares representing 2.55% ownership of the company. In it's prior filing, the firm reported owning 11,855K shares, representing a decrease of 1.40%. The firm decreased its portfolio allocation in DD by 5.25% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 10,929K shares representing 2.38% ownership of the company. In it's prior filing, the firm reported owning 16,840K shares, representing a decrease of 54.09%. The firm decreased its portfolio allocation in DD by 12.95% over the last quarter.
DuPont de Nemours Background Information
(This description is provided by the company.)
DuPont is a global innovation leader with technology-based materials, ingredients and solutions that help transform industries and everyday life. DuPont applies diverse science and expertise to help customers advance their best ideas and deliver essential innovations in key markets including electronics, transportation, construction, water, health and wellness, food and worker safety.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
Click to Learn More
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Fintel reports that on October 4, 2023, Citigroup maintained coverage of DuPont de Nemours (NYSE:DD) with a Neutral recommendation. Average portfolio weight of all funds dedicated to DD is 0.28%, a decrease of 2.66%. The put/call ratio of DD is 0.79, indicating a bullish outlook.
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Fintel reports that on October 4, 2023, Citigroup maintained coverage of DuPont de Nemours (NYSE:DD) with a Neutral recommendation. Average portfolio weight of all funds dedicated to DD is 0.28%, a decrease of 2.66%. The put/call ratio of DD is 0.79, indicating a bullish outlook.
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Fintel reports that on October 4, 2023, Citigroup maintained coverage of DuPont de Nemours (NYSE:DD) with a Neutral recommendation. Average portfolio weight of all funds dedicated to DD is 0.28%, a decrease of 2.66%. The put/call ratio of DD is 0.79, indicating a bullish outlook.
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Fintel reports that on October 4, 2023, Citigroup maintained coverage of DuPont de Nemours (NYSE:DD) with a Neutral recommendation. Average portfolio weight of all funds dedicated to DD is 0.28%, a decrease of 2.66%. The put/call ratio of DD is 0.79, indicating a bullish outlook.
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eaeefd1e-e9ce-4e65-97cd-801f358b2b17
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715738.0
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2023-10-03 00:00:00 UTC
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DuPont (DD) Opens Adhesives Manufacturing Facility in China
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DD
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https://www.nasdaq.com/articles/dupont-dd-opens-adhesives-manufacturing-facility-in-china
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DuPont de Nemours, Inc. DD recently celebrated the official opening of its new adhesives manufacturing facility in Zhangjiagang (ZJG), East China. The new plant will manufacture adhesives for transportation customers, notably in lightweighting and fast-growing vehicle electrification applications.
The facility, having the capacity to fulfill regional needs, is designed to provide a world-class client experience by utilizing cutting-edge process capability and quality, technical support, and great connectivity to transportation for shipping and logistics benefits. A Manufacturing Execution System (MES) is included on the site to optimize the manufacturing process and connect all components of the manufacturing workflow. MES will aid in making the manufacturing process visible, trackable and more reliable.
The Zhangjiagang Free Trade Zone, which is situated in Zhangjiagang City, has special geographic advantages that are crucial to luring high-quality investments from many top international and local companies. The facility is situated at the Yangtze River International Chemical Industrial Park in the ZJG Free Trade Zone.
The facility will produce goods such as BETAFORCE TC thermal conductive adhesives and BETATECH thermal interface materials that support battery thermal management during hybrid/electric vehicle charging and operation. It will also produce battery assembly and sealing with BETAFORCE multi-material bonding adhesives; and BETAMATE broad bake and structural adhesives assist vehicle crash durability and lighter vehicle structures for battery bonding and vehicle body structure.
Shares of DuPont have gained 34% over the past year compared with a 2.2% rise of its industry.
Image Source: Zacks Investment Research
The company, on its second-quarter call, said that it expects net sales for 2023 to be in the range of $12,450-$12,550 million. Adjusted earnings per share for 2023 are forecast to be $3.40-$3.50. For third-quarter 2023, the company sees net sales of roughly $3,150 million. Adjusted earnings per share for the quarter are projected at roughly 84 cents.
Zacks Rank & Key Picks
DD currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the basic materials space include Carpenter Technology Corporation CRS, The Andersons Inc. ANDE and Hawkins Inc. HWKN.
Carpenter Technology currently carries a Zacks Rank #2 (Buy). The stock has rallied roughly 100.1% in the past year. CRS beat the Zacks Consensus Estimate in three of the last four quarters while meeting in one. It delivered a trailing four-quarter earnings surprise of 9.8%, on average. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Andersons currently carries a Zacks Rank #2. The stock has gained roughly 58.5% in the past year. ANDE 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.
Hawkins currently carries a Zacks Rank #1. The stock has rallied roughly 53.8% in the past year. HWKN beat the Zacks Consensus Estimate in each of the last four quarters. It delivered a trailing four-quarter earnings surprise of 25.6%, on average.
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 credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows.
It could rival or surpass other recent 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
The Andersons, Inc. (ANDE) : Free Stock Analysis Report
DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report
Carpenter Technology Corporation (CRS) : Free Stock Analysis Report
Hawkins, Inc. (HWKN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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DuPont de Nemours, Inc. DD recently celebrated the official opening of its new adhesives manufacturing facility in Zhangjiagang (ZJG), East China. Zacks Rank & Key Picks DD currently carries a Zacks Rank #3 (Hold). Click to get this free report The Andersons, Inc. (ANDE) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Carpenter Technology Corporation (CRS) : Free Stock Analysis Report Hawkins, Inc. (HWKN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report The Andersons, Inc. (ANDE) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Carpenter Technology Corporation (CRS) : Free Stock Analysis Report Hawkins, Inc. (HWKN) : Free Stock Analysis Report To read this article on Zacks.com click here. DuPont de Nemours, Inc. DD recently celebrated the official opening of its new adhesives manufacturing facility in Zhangjiagang (ZJG), East China. Zacks Rank & Key Picks DD currently carries a Zacks Rank #3 (Hold).
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Zacks Rank & Key Picks DD currently carries a Zacks Rank #3 (Hold). Click to get this free report The Andersons, Inc. (ANDE) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Carpenter Technology Corporation (CRS) : Free Stock Analysis Report Hawkins, Inc. (HWKN) : Free Stock Analysis Report To read this article on Zacks.com click here. DuPont de Nemours, Inc. DD recently celebrated the official opening of its new adhesives manufacturing facility in Zhangjiagang (ZJG), East China.
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DuPont de Nemours, Inc. DD recently celebrated the official opening of its new adhesives manufacturing facility in Zhangjiagang (ZJG), East China. Zacks Rank & Key Picks DD currently carries a Zacks Rank #3 (Hold). Click to get this free report The Andersons, Inc. (ANDE) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Carpenter Technology Corporation (CRS) : Free Stock Analysis Report Hawkins, Inc. (HWKN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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ebdca917-39b2-4330-822d-f7cdb607c166
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715739.0
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2023-10-03 00:00:00 UTC
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The Zacks Analyst Blog Highlights Intel, Anheuser-Busch InBev, HCA Healthcare, Moderna and DuPont de Nemours
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DD
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights-intel-anheuser-busch-inbev-hca-healthcare-moderna-and
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For Immediate Release
Chicago, IL – October 3, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Intel Corp. INTC, Anheuser-Busch InBev SA/NV BUD, HCA Healthcare, Inc. HCA, Moderna, Inc. MRNA and DuPont de Nemours, Inc. DD.
Here are highlights from Monday’s Analyst Blog:
Top Stock Reports for Intel, Anheuser-Busch and HCA Healthcare
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 12 major stocks, including Intel Corp., Anheuser-Busch InBev SA/NV and HCA Healthcare, Inc. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see all of today’s research reports here >>>
Intel shares have lagged the Zacks Semiconductor industry this year (+35.7% vs. +69.1%), but they have handily outperformed the broader (+35.7% vs. +12.9% for the S&P 500 index). The company is focusing on establishing an advanced semiconductor manufacturing ecosystem and has expanded its production capabilities in Germany and Poland under its IDM 2.0 (integrated device manufacturing) strategy.
A concerted focus on increasing market diversification and healthy momentum in data center business are tailwinds. Intel is also expanding its foundry services through partnership with Tower Semiconductor. The launch of its glass substrates for advanced packaging of chips is another positive.
However, contraction in the total addressable market across all CPU market segments is a major headwind. Weak demand trends and sluggish recovery in China are hurting sales in Network and Edge Group. Macroeconomic challenges, inventory adjustments and intense market volatility are straining margins.
(You can read the full research report on Intel here >>>)
Shares of Anheuser-Busch have outperformed the Zacks Beverages - Alcohol industry over the past year (+17.9% vs. -4.1%). The company has been benefiting from continued consumer demand for its brand portfolio. The company’s relentless execution, investment in brands and accelerated digital transformation aided top-line growth in second-quarter 2023.
The top line also benefited from strength of the beer category globally. The expansion of the Beyond Beer portfolio, and investments in B2B platforms, e-commerce and digital marketing bode well. For 2023, AB InBev expects EBITDA growth of 4-8%, in line with our estimate of 4%. It anticipates revenue growth to be higher than EBITDA growth, compared to our estimate 6% growth.
However, shares of AB InBev lagged the industry year to date. The stock came under pressure due to dismal earnings in the second quarter. AB InBev’s EBIT margin declined in the second-quarter, driven by higher cost of sales and SG&A expenses.
(You can read the full research report on Anheuser-Busch here >>>)
HCA Healthcare shares have outperformed the Zacks Medical - Hospital industry over the past year (+28.4% vs. +23.7%). The company’s revenues remain on an uptick on the back of a surge in admissions, outpatient surgeries and other procedures. Significant growth in its Managed Medicare operations is expected to drive its performance.
Multiple buyouts aided it in increasing patient volumes, enabled network expansion and added hospitals to its portfolio. It has been gaining from its telemedicine business line on the back of the rising digitization trend. HCA Healthcare resorts to prudent capital deployment via share buybacks and dividend payments.
However, the company's escalating operating expenses have been weighing on the margins. A high debt level induces rise in interest expenses. As such, the stock warrants a cautious stance.
(You can read the full research report on HCA Healthcare here >>>)
Other noteworthy reports we are featuring today include Moderna, Inc. and DuPont de Nemours, Inc.
Why Haven’t You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation.
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Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
https://www.zacks.com
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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 credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows.
It could rival or surpass other recent 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
Intel Corporation (INTC) : Free Stock Analysis Report
DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report
Moderna, Inc. (MRNA) : Free Stock Analysis Report
Anheuser-Busch InBev SA/NV (BUD) : Free Stock Analysis Report
HCA Healthcare, Inc. (HCA) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks recently featured in the blog include: Intel Corp. INTC, Anheuser-Busch InBev SA/NV BUD, HCA Healthcare, Inc. HCA, Moderna, Inc. MRNA and DuPont de Nemours, Inc. DD. However, contraction in the total addressable market across all CPU market segments is a major headwind. Multiple buyouts aided it in increasing patient volumes, enabled network expansion and added hospitals to its portfolio.
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Stocks recently featured in the blog include: Intel Corp. INTC, Anheuser-Busch InBev SA/NV BUD, HCA Healthcare, Inc. HCA, Moderna, Inc. MRNA and DuPont de Nemours, Inc. DD. Click to get this free report Intel Corporation (INTC) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Moderna, Inc. (MRNA) : Free Stock Analysis Report Anheuser-Busch InBev SA/NV (BUD) : Free Stock Analysis Report HCA Healthcare, Inc. (HCA) : Free Stock Analysis Report To read this article on Zacks.com click here. However, contraction in the total addressable market across all CPU market segments is a major headwind.
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Click to get this free report Intel Corporation (INTC) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Moderna, Inc. (MRNA) : Free Stock Analysis Report Anheuser-Busch InBev SA/NV (BUD) : Free Stock Analysis Report HCA Healthcare, Inc. (HCA) : Free Stock Analysis Report To read this article on Zacks.com click here. Stocks recently featured in the blog include: Intel Corp. INTC, Anheuser-Busch InBev SA/NV BUD, HCA Healthcare, Inc. HCA, Moderna, Inc. MRNA and DuPont de Nemours, Inc. DD. However, contraction in the total addressable market across all CPU market segments is a major headwind.
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Stocks recently featured in the blog include: Intel Corp. INTC, Anheuser-Busch InBev SA/NV BUD, HCA Healthcare, Inc. HCA, Moderna, Inc. MRNA and DuPont de Nemours, Inc. DD. However, contraction in the total addressable market across all CPU market segments is a major headwind. Multiple buyouts aided it in increasing patient volumes, enabled network expansion and added hospitals to its portfolio.
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e9e30660-443f-4252-8d20-a83ea0ef7f1a
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715740.0
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2023-10-02 00:00:00 UTC
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DuPont (DD) Benefits From Innovation and Spectrum Acquisition
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https://www.nasdaq.com/articles/dupont-dd-benefits-from-innovation-and-spectrum-acquisition
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DuPont de Nemours, Inc. DD is expected to gain from its productivity and pricing actions, innovation-driven investment and the Spectrum Plastics Group acquisition amid headwinds including demand softness in certain areas.
DuPont, which is among the prominent players in the chemical space along with Dow Inc. DOW, Eastman Chemical Company EMN and Celanese Corporation CE, is seeing sustained strength in water, automotive, aerospace and healthcare markets. It remains focused on driving growth though innovation and new product development. Its innovation-driven investment is focused on several high-growth areas. DD remains committed to drive returns from its R&D investment.
The company, in August 2023, completed the buyout of leading manufacturer of specialty medical devices and components, Spectrum Plastics Group from AEA Investors for $1.75 billion. The acquired business, with annual sales of around $500 million, has been integrated into the industrial solutions line of business within the Electronics & Industrial segment.
The acquisition strengthens DuPont’s existing position in stable and fast-growing healthcare end-markets. It is also in sync with its focus on high-growth, customer-driven innovation for the healthcare market. The addition of Spectrum is expected to boost revenues in the Electronics & Industrial segment in the third quarter.
DuPont is also benefiting from cost synergy savings and productivity improvement actions. Its structural cost actions are contributing to its bottom line. It also continues to implement strategic price increases in the wake of raw material and energy cost inflation. These actions are likely to support its results in 2023. The company is also managing its portfolio with an aim for value creation. It is divesting non-core assets to focus more on high-growth, high-margin businesses.
However, the company’s water business faces challenges from the slowdown in China. Its water solutions business is expected to see sales moderation in the second half of 2023 due to softer demand in China resulting from the slowdown in the industrial economy.
The softness in construction end-markets is also expected to impact the shelter solutions business within the Water & Protection segment in 2023. Also, customer de-stocking in shelter solutions is expected to continue through the third quarter.
While the company is seeing a recovery in Interconnect Solutions, the business is expected to continue to be impacted by reduced consumer electronics spending in the near term. Interconnect Solutions saw a 15% volume decline in the second quarter due to softer smartphone, personal computing and tablet demand.
DuPont’s move to adjust production rates is also expected to impact its top line and margins. The company is taking actions to reduce production rates in electronics to align inventory with demand. Production rate reductions are expected to be a drag on sales and operating EBITDA in the third quarter of 2023.
DuPont’s adjusted earnings of 85 cents per share for the second quarter topped the Zacks Consensus Estimate of 83 cents. The company sees net sales for 2023 to be in the range of $12,450-$12,550 million. Adjusted earnings per share for 2023 are forecast to be $3.40-$3.50. For third-quarter 2023, the company sees net sales of roughly $3,150 million. Adjusted earnings per share for the quarter are projected at roughly 84 cents.
Another prominent chemical maker, Dow reported adjusted earnings of 75 cents per share for the second quarter, which topped the Zacks Consensus Estimate of 70 cents. DOW remains focused on cost-savings actions and will continue to advance its longer-term strategic priorities as it faces a challenging macroeconomic environment in the second half of 2023.
Eastman Chemical also beat earnings estimates in the second quarter. Its adjusted earnings of $1.99 per share surpassed the Zacks Consensus Estimate of $1.95 per share. EMN anticipates that adjusted earnings per share in the second half of 2023 will be lower than the first half. It expects earnings for 2023 to be between $6.50 and $7.00 per share.
Celanese missed earnings estimates in the second quarter. Its adjusted earnings of $2.17 per share lagged the Zacks Consensus Estimate of $2.46. Celanese sees adjusted earnings in the range of $2-$2.50 per share for the third quarter of 2023.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report
Dow Inc. (DOW) : Free Stock Analysis Report
Eastman Chemical Company (EMN) : Free Stock Analysis Report
Celanese Corporation (CE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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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DuPont de Nemours, Inc. DD is expected to gain from its productivity and pricing actions, innovation-driven investment and the Spectrum Plastics Group acquisition amid headwinds including demand softness in certain areas. DD remains committed to drive returns from its R&D investment. The addition of Spectrum is expected to boost revenues in the Electronics & Industrial segment in the third quarter.
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Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Dow Inc. (DOW) : Free Stock Analysis Report Eastman Chemical Company (EMN) : Free Stock Analysis Report Celanese Corporation (CE) : Free Stock Analysis Report To read this article on Zacks.com click here. DuPont de Nemours, Inc. DD is expected to gain from its productivity and pricing actions, innovation-driven investment and the Spectrum Plastics Group acquisition amid headwinds including demand softness in certain areas. DD remains committed to drive returns from its R&D investment.
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Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Dow Inc. (DOW) : Free Stock Analysis Report Eastman Chemical Company (EMN) : Free Stock Analysis Report Celanese Corporation (CE) : Free Stock Analysis Report To read this article on Zacks.com click here. DuPont de Nemours, Inc. DD is expected to gain from its productivity and pricing actions, innovation-driven investment and the Spectrum Plastics Group acquisition amid headwinds including demand softness in certain areas. DD remains committed to drive returns from its R&D investment.
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DuPont de Nemours, Inc. DD is expected to gain from its productivity and pricing actions, innovation-driven investment and the Spectrum Plastics Group acquisition amid headwinds including demand softness in certain areas. DD remains committed to drive returns from its R&D investment. The addition of Spectrum is expected to boost revenues in the Electronics & Industrial segment in the third quarter.
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b9d7436a-8f83-466d-9f86-614ecb9a06be
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715741.0
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2023-09-27 00:00:00 UTC
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DuPont (DD) Offers Ion Exchange Resin for Green Hydrogen
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DD
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https://www.nasdaq.com/articles/dupont-dd-offers-ion-exchange-resin-for-green-hydrogen
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nan
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nan
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DuPont de Nemours Inc. DD has released its first product for green hydrogen production, the DuPont AmberLite P2X110 Ion Exchange Resin. This newly available ion exchange resin is designed for the unique chemistry of electrolyzer loops to aid in hydrogen production from water.
Hydrogen can be created in a variety of ways using various feedstocks. Green hydrogen, which is made from water using renewable energy-powered electrolysis, can play numerous important roles in the energy transformation, including helping to decarbonize transportation, heat and energy, as well as serving as a greener feedstock. While there are several types of electrolyzers, they all use high-purity water as the feedstock to make hydrogen.
AmberLite P2X110 Ion Exchange Resin represents an intriguing first step into the Green Hydrogen market. The AmberLite P2X110 Ion Exchange Resins recipe is designed to withstand the thermal and chemical rigors of an electrolyzer, and it provides durable and stable water quality that helps prevent contaminant build-up in the electrolyzer loop. These customizable qualities, together with higher removal capacity, give a distinct choice for electrolyzers that have a longer service life than industry generic resins.
Shares of DD have gained 42.1% over the past year compared with a 8.2% rise of its industry.
Image Source: Zacks Investment Research
The company, on its second-quarter call, said that it expects 2023 net sales in the range of $12,450-$12,550 million. Adjusted earnings per share for 2023 are forecast to be $3.40-$3.50. For third-quarter 2023, the company sees net sales of roughly $3,150 million. Adjusted earnings per share for the quarter are projected at roughly 84 cents.
For the Water & Protection unit, a mid-single-digit decline in revenues on an organic basis year over year is expected as the benefit from carryover pricing ends. Despite this, Water Solutions is forecast to achieve mid-single-digit organic growth for the full year, though it may face some weakness in the second half due to softer demand in China.
Zacks Rank & Key Picks
DD currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the basic materials space include Carpenter Technology Corporation CRS, The Andersons Inc. ANDE and Hawkins Inc. HWKN.
Carpenter Technology currently carries a Zacks Rank #1 (Strong Buy). The stock has rallied roughly 106.8% in the past year. CRS beat the Zacks Consensus Estimate in three of the last four quarters while meeting in one. It delivered a trailing four-quarter earnings surprise of 9.8%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.
Andersons currently carries a Zacks Rank #1. ANDE has gained roughly 61.4% in the past year. ANDE 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.
Hawkins currently carries a Zacks Rank #1. The stock has rallied roughly 57.5% in the past year. HWKN beat the Zacks Consensus Estimate in each of the last four quarters. It delivered a trailing four-quarter earnings surprise of 25.6%, on average.
Just Released: Zacks Top 10 Stocks for 2023
In addition to the investment ideas discussed above, would you like to know about our 10 top picks for 2023?
From inception in 2012 through November, the Zacks Top 10 Stocks portfolio has tripled the market, gaining an impressive +884.5% versus the S&P 500’s +287.4%. Our Director of Research has now combed through 4,000 companies covered by the Zacks Rank and handpicked the best 10 tickers to buy and hold in 2023. Don’t miss your chance to still be among the first to get in on these just-released stocks.
See New Top 10 Stocks >>
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
DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report
Carpenter Technology Corporation (CRS) : Free Stock Analysis Report
Hawkins, Inc. (HWKN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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DuPont de Nemours Inc. DD has released its first product for green hydrogen production, the DuPont AmberLite P2X110 Ion Exchange Resin. Shares of DD have gained 42.1% over the past year compared with a 8.2% rise of its industry. Zacks Rank & Key Picks DD currently carries a Zacks Rank #3 (Hold).
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DuPont de Nemours Inc. DD has released its first product for green hydrogen production, the DuPont AmberLite P2X110 Ion Exchange Resin. Click to get this free report The Andersons, Inc. (ANDE) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Carpenter Technology Corporation (CRS) : Free Stock Analysis Report Hawkins, Inc. (HWKN) : Free Stock Analysis Report To read this article on Zacks.com click here. Shares of DD have gained 42.1% over the past year compared with a 8.2% rise of its industry.
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Zacks Rank & Key Picks DD currently carries a Zacks Rank #3 (Hold). Click to get this free report The Andersons, Inc. (ANDE) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Carpenter Technology Corporation (CRS) : Free Stock Analysis Report Hawkins, Inc. (HWKN) : Free Stock Analysis Report To read this article on Zacks.com click here. DuPont de Nemours Inc. DD has released its first product for green hydrogen production, the DuPont AmberLite P2X110 Ion Exchange Resin.
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DuPont de Nemours Inc. DD has released its first product for green hydrogen production, the DuPont AmberLite P2X110 Ion Exchange Resin. Shares of DD have gained 42.1% over the past year compared with a 8.2% rise of its industry. Zacks Rank & Key Picks DD currently carries a Zacks Rank #3 (Hold).
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ef7d955c-cafb-4807-82bc-f16e454ad2db
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715742.0
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2023-09-27 00:00:00 UTC
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Dutch court rules Chemours liable for environmental damage caused by PFAS
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DD
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https://www.nasdaq.com/articles/dutch-court-rules-chemours-liable-for-environmental-damage-caused-by-pfas
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nan
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nan
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Adds background in paragraphs 2 to 5
AMSTERDAM, Sept 27 (Reuters) - U.S. chemical company Chemours <CC.N> is liable for environmental damage in the Netherlands caused by PFAS chemicals, the Rotterdam District Court ruled on Wednesday.
PFAS, or per- and polyfluoroalkyl substances, dubbed "forever chemicals" because they do not easily break down, are used in a range of products from firefighting foam to non-stick cookware, and have been linked to cancer and hormonal dysfunction.
The suit was brought by four towns in the west of the Netherlands.
In an official reaction, Chemours said it will study the ruling and that it will discuss with the towns as well as other stakeholders how concrete actions can be taken as quickly as possible.
Chemours was spun off from its legal predecessor Dupont DD.Nin 2015, regrouping the latter's performance chemicals business.
(Reporting by Charlotte Van Campenhout; Editing by Jan Harvey and Louise Heavens)
((Charlotte.VanCampenhout@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Chemours was spun off from its legal predecessor Dupont DD.Nin 2015, regrouping the latter's performance chemicals business. Adds background in paragraphs 2 to 5 AMSTERDAM, Sept 27 (Reuters) - U.S. chemical company Chemours <CC.N> is liable for environmental damage in the Netherlands caused by PFAS chemicals, the Rotterdam District Court ruled on Wednesday. PFAS, or per- and polyfluoroalkyl substances, dubbed "forever chemicals" because they do not easily break down, are used in a range of products from firefighting foam to non-stick cookware, and have been linked to cancer and hormonal dysfunction.
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Adds background in paragraphs 2 to 5 AMSTERDAM, Sept 27 (Reuters) - U.S. chemical company Chemours <CC.N> is liable for environmental damage in the Netherlands caused by PFAS chemicals, the Rotterdam District Court ruled on Wednesday. Chemours was spun off from its legal predecessor Dupont DD.Nin 2015, regrouping the latter's performance chemicals business. PFAS, or per- and polyfluoroalkyl substances, dubbed "forever chemicals" because they do not easily break down, are used in a range of products from firefighting foam to non-stick cookware, and have been linked to cancer and hormonal dysfunction.
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Adds background in paragraphs 2 to 5 AMSTERDAM, Sept 27 (Reuters) - U.S. chemical company Chemours <CC.N> is liable for environmental damage in the Netherlands caused by PFAS chemicals, the Rotterdam District Court ruled on Wednesday. Chemours was spun off from its legal predecessor Dupont DD.Nin 2015, regrouping the latter's performance chemicals business. PFAS, or per- and polyfluoroalkyl substances, dubbed "forever chemicals" because they do not easily break down, are used in a range of products from firefighting foam to non-stick cookware, and have been linked to cancer and hormonal dysfunction.
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Adds background in paragraphs 2 to 5 AMSTERDAM, Sept 27 (Reuters) - U.S. chemical company Chemours <CC.N> is liable for environmental damage in the Netherlands caused by PFAS chemicals, the Rotterdam District Court ruled on Wednesday. Chemours was spun off from its legal predecessor Dupont DD.Nin 2015, regrouping the latter's performance chemicals business. PFAS, or per- and polyfluoroalkyl substances, dubbed "forever chemicals" because they do not easily break down, are used in a range of products from firefighting foam to non-stick cookware, and have been linked to cancer and hormonal dysfunction.
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527a6d17-4156-4906-98f2-93c62fa73aab
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715743.0
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2023-09-27 00:00:00 UTC
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DuPont Opens New Adhesives Production Facility In China
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DD
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https://www.nasdaq.com/articles/dupont-opens-new-adhesives-production-facility-in-china
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nan
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nan
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(RTTNews) - Specialty chemicals manufacturer DuPont de Nemours, Inc. (DD) on Wednesday officially opened its new adhesives production facility in Zhangjiagang in East China.
The new facility will produce adhesives for customers in the transportation industry, primarily in lightweighting and fast-growing vehicle electrification applications.
It will manufacture BETAFORCE TC thermal conductive adhesives, BETAFORCE multi-material bonding adhesives and BETAMATE broad bake and structural adhesives.
The facility aims at delivering a world-class customer experience with state-of-the-art process capability and quality, technical support, and excellent access to transportation for shipping and logistics advantages as per the company.
"The site includes a Manufacturing Execution System (MES), designed to optimize the manufacturing process and connect all aspects of the manufacturing workflow. MES will help make the production process visible, trackable, and more reliable," DuPont said in a statement.
On Tuesday, shares of DuPont closed at $72.78, down 0.79% on the New York Stock Exchange
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Specialty chemicals manufacturer DuPont de Nemours, Inc. (DD) on Wednesday officially opened its new adhesives production facility in Zhangjiagang in East China. The new facility will produce adhesives for customers in the transportation industry, primarily in lightweighting and fast-growing vehicle electrification applications. The facility aims at delivering a world-class customer experience with state-of-the-art process capability and quality, technical support, and excellent access to transportation for shipping and logistics advantages as per the company.
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(RTTNews) - Specialty chemicals manufacturer DuPont de Nemours, Inc. (DD) on Wednesday officially opened its new adhesives production facility in Zhangjiagang in East China. It will manufacture BETAFORCE TC thermal conductive adhesives, BETAFORCE multi-material bonding adhesives and BETAMATE broad bake and structural adhesives. "The site includes a Manufacturing Execution System (MES), designed to optimize the manufacturing process and connect all aspects of the manufacturing workflow.
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(RTTNews) - Specialty chemicals manufacturer DuPont de Nemours, Inc. (DD) on Wednesday officially opened its new adhesives production facility in Zhangjiagang in East China. It will manufacture BETAFORCE TC thermal conductive adhesives, BETAFORCE multi-material bonding adhesives and BETAMATE broad bake and structural adhesives. "The site includes a Manufacturing Execution System (MES), designed to optimize the manufacturing process and connect all aspects of the manufacturing workflow.
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(RTTNews) - Specialty chemicals manufacturer DuPont de Nemours, Inc. (DD) on Wednesday officially opened its new adhesives production facility in Zhangjiagang in East China. The new facility will produce adhesives for customers in the transportation industry, primarily in lightweighting and fast-growing vehicle electrification applications. It will manufacture BETAFORCE TC thermal conductive adhesives, BETAFORCE multi-material bonding adhesives and BETAMATE broad bake and structural adhesives.
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08494229-cadf-4f2b-840a-f1cd2d5bce28
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715744.0
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2023-09-21 00:00:00 UTC
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Notable Thursday Option Activity: TSLA, DD, COIN
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DD
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https://www.nasdaq.com/articles/notable-thursday-option-activity%3A-tsla-dd-coin
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Tesla Inc (Symbol: TSLA), where a total of 2.0 million contracts have traded so far, representing approximately 196.3 million underlying shares. That amounts to about 164.7% of TSLA's average daily trading volume over the past month of 119.2 million shares. Particularly high volume was seen for the $260 strike call option expiring September 22, 2023, with 202,030 contracts trading so far today, representing approximately 20.2 million underlying shares of TSLA. Below is a chart showing TSLA's trailing twelve month trading history, with the $260 strike highlighted in orange:
DuPont (Symbol: DD) saw options trading volume of 27,851 contracts, representing approximately 2.8 million underlying shares or approximately 139.6% of DD's average daily trading volume over the past month, of 2.0 million shares. Especially high volume was seen for the $78 strike call option expiring October 20, 2023, with 25,739 contracts trading so far today, representing approximately 2.6 million underlying shares of DD. Below is a chart showing DD's trailing twelve month trading history, with the $78 strike highlighted in orange:
And Coinbase Global Inc (Symbol: COIN) saw options trading volume of 95,768 contracts, representing approximately 9.6 million underlying shares or approximately 127.7% of COIN's average daily trading volume over the past month, of 7.5 million shares. Especially high volume was seen for the $80 strike call option expiring September 22, 2023, with 9,463 contracts trading so far today, representing approximately 946,300 underlying shares of COIN. Below is a chart showing COIN's trailing twelve month trading history, with the $80 strike highlighted in orange:
For the various different available expirations for TSLA options, DD options, or COIN options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
IGT market cap history
ETFs Holding PG
ADLR Videos
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $78 strike call option expiring October 20, 2023, with 25,739 contracts trading so far today, representing approximately 2.6 million underlying shares of DD. Below is a chart showing TSLA's trailing twelve month trading history, with the $260 strike highlighted in orange: DuPont (Symbol: DD) saw options trading volume of 27,851 contracts, representing approximately 2.8 million underlying shares or approximately 139.6% of DD's average daily trading volume over the past month, of 2.0 million shares. Below is a chart showing DD's trailing twelve month trading history, with the $78 strike highlighted in orange: And Coinbase Global Inc (Symbol: COIN) saw options trading volume of 95,768 contracts, representing approximately 9.6 million underlying shares or approximately 127.7% of COIN's average daily trading volume over the past month, of 7.5 million shares.
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Below is a chart showing TSLA's trailing twelve month trading history, with the $260 strike highlighted in orange: DuPont (Symbol: DD) saw options trading volume of 27,851 contracts, representing approximately 2.8 million underlying shares or approximately 139.6% of DD's average daily trading volume over the past month, of 2.0 million shares. Below is a chart showing DD's trailing twelve month trading history, with the $78 strike highlighted in orange: And Coinbase Global Inc (Symbol: COIN) saw options trading volume of 95,768 contracts, representing approximately 9.6 million underlying shares or approximately 127.7% of COIN's average daily trading volume over the past month, of 7.5 million shares. Especially high volume was seen for the $78 strike call option expiring October 20, 2023, with 25,739 contracts trading so far today, representing approximately 2.6 million underlying shares of DD.
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Below is a chart showing TSLA's trailing twelve month trading history, with the $260 strike highlighted in orange: DuPont (Symbol: DD) saw options trading volume of 27,851 contracts, representing approximately 2.8 million underlying shares or approximately 139.6% of DD's average daily trading volume over the past month, of 2.0 million shares. Below is a chart showing DD's trailing twelve month trading history, with the $78 strike highlighted in orange: And Coinbase Global Inc (Symbol: COIN) saw options trading volume of 95,768 contracts, representing approximately 9.6 million underlying shares or approximately 127.7% of COIN's average daily trading volume over the past month, of 7.5 million shares. Especially high volume was seen for the $78 strike call option expiring October 20, 2023, with 25,739 contracts trading so far today, representing approximately 2.6 million underlying shares of DD.
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Below is a chart showing TSLA's trailing twelve month trading history, with the $260 strike highlighted in orange: DuPont (Symbol: DD) saw options trading volume of 27,851 contracts, representing approximately 2.8 million underlying shares or approximately 139.6% of DD's average daily trading volume over the past month, of 2.0 million shares. Especially high volume was seen for the $78 strike call option expiring October 20, 2023, with 25,739 contracts trading so far today, representing approximately 2.6 million underlying shares of DD. Below is a chart showing DD's trailing twelve month trading history, with the $78 strike highlighted in orange: And Coinbase Global Inc (Symbol: COIN) saw options trading volume of 95,768 contracts, representing approximately 9.6 million underlying shares or approximately 127.7% of COIN's average daily trading volume over the past month, of 7.5 million shares.
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9eea1e37-2688-4c79-84a0-c839975575aa
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715745.0
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2023-09-21 00:00:00 UTC
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November 3rd Options Now Available For DuPont (DD)
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DD
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https://www.nasdaq.com/articles/november-3rd-options-now-available-for-dupont-dd
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nan
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nan
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Investors in DuPont (Symbol: DD) saw new options become available today, for the November 3rd expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new November 3rd contracts and identified one put and one call contract of particular interest.
The put contract at the $70.00 strike price has a current bid of 85 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $70.00, but will also collect the premium, putting the cost basis of the shares at $69.15 (before broker commissions). To an investor already interested in purchasing shares of DD, that could represent an attractive alternative to paying $73.56/share today.
Because the $70.00 strike represents an approximate 5% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 74%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 1.21% return on the cash commitment, or 10.31% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for DuPont, and highlighting in green where the $70.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $75.00 strike price has a current bid of 35 cents. If an investor was to purchase shares of DD stock at the current price level of $73.56/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $75.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 2.43% if the stock gets called away at the November 3rd expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $75.00 strike highlighted in red:
Considering the fact that the $75.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 0.48% boost of extra return to the investor, or 4.04% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example above is 30%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $73.56) to be 26%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
Also see:
Specialty Retail Dividend Stocks
CACG Historical Stock Prices
Institutional Holders of RAS
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $75.00 strike highlighted in red: Considering the fact that the $75.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in DuPont (Symbol: DD) saw new options become available today, for the November 3rd expiration.
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The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 74%. Below is a chart showing DD's trailing twelve month trading history, with the $75.00 strike highlighted in red: Considering the fact that the $75.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%.
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Below is a chart showing DD's trailing twelve month trading history, with the $75.00 strike highlighted in red: Considering the fact that the $75.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Investors in DuPont (Symbol: DD) saw new options become available today, for the November 3rd expiration.
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Below is a chart showing DD's trailing twelve month trading history, with the $75.00 strike highlighted in red: Considering the fact that the $75.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in DuPont (Symbol: DD) saw new options become available today, for the November 3rd expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new November 3rd contracts and identified one put and one call contract of particular interest.
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0afe54c0-fcdb-4027-853a-ad3bc49fe91f
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715746.0
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2023-09-18 00:00:00 UTC
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ANALYSIS-More SE Asia firms consider U.S. IPOs, filling void left by China peers
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DD
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https://www.nasdaq.com/articles/analysis-more-se-asia-firms-consider-u.s.-ipos-filling-void-left-by-china-peers
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nan
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nan
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By Yantoultra Ngui and Scott Murdoch
SINGAPORE/SYDNEY, Sept 19 (Reuters) - Several Southeast Asian companies are considering listing in the United States, banking on strong investor appetite for emerging market growth in the absence of Chinese stock offerings.
Senior executives in leading SME digital financing platform Funding Societies, Singapore-based entertainment firm Gushcloud International and Thai insurance technology firm Sunday told Reuters they were looking into New York as one of their initial public offering (IPO) venues.
This comes on top of recently announced plans by Vietnamese internet company VNG CorpVNZ.HNO and Philippine real estate company DoubleDragon Corp's DD.PSHotel101 Global to list in the U.S., filling a void left by Chinese companies which hit the pause button on U.S. IPOs after political tensions with Washington intensified, Beijing tightened scrutiny of domestic firms seeking overseas listings and China's own economy slowed.
"China's shadow into the ASEAN region has shrunk since the world reopened after the pandemic," said Leif Schneider, senior legal adviser at law firm DFDL Vietnam.
"Chinese competitors have gradually been pushed to the sidelines due to homemade restrictions and the ensuing domestic economic fallout," he added. "These factors have enabled some of their ASEAN rivals to step out into the spotlight."
ASEAN, the 10-member Association of Southeast Asian Nations, includes Thailand, Singapore, Malaysia and Vietnam. The bloc's biggest car e-commerce platform Carsome Group has also said it was considering various global exchanges, including those in the U.S., for a potential listing.
Southeast Asian firms have raised about $101 million via IPOs in the U.S. so far this year, way below last year's $919 million, but bankers expect the pace to pick up over the next 12 months as companies hunt for new sources of capital after relying on private funds for the last few years.
In contrast, Chinese firms have raised $463.7 million via U.S listings so far this year, slightly above 2022 levels but a fraction of the $12.96 billion and $12.48 billion raised in 2021 and 2020 respectively, according to LSEG data.
For investors seeking emerging market exposure, Southeast Asia fits the bill, because of the region's strong economic growth and increasing population, analysts say.
For example, growth in Indonesia, Southeast Asia's biggest economy, accelerated at its highest rate in three quarters in the latest April-June period, boosted by strong household and government spending, data showed.
Some Southeast Asia companies seeking listings in the U.S. look to raise between $300 million and $1 billion, with valuations ranging from $1.5 billion to $8 billion, bankers said, without naming any firms.
The plans by Southeast Asian firms to list in the U.S. should also cheer Wall Street banks in Asia, who generate about a third of their revenues from equity capital market (ECM) deals which all but dried up with Chinese IPOs.
"For some of the U.S. investors who were focused on emerging markets, their tech exposure largely came from Chinese companies because they were the biggest names listed in the U.S.," said Sunil Khaitan, Bank of America's ECM head for Southeast Asia.
"With the current cautious stance around China, these investors are on the lookout for some of the other emerging markets names," he added.
DIVERSE RETURNS
For companies, the U.S. offers several advantages.
Funding Societies' co-founder and group CEO Kelvin Teo told Reuters the U.S. was one of the company's preferred options because of it would provide a deep pool of capital and global investor base.
Andrew Lim, Gushcloud's chief financial officer, also said a U.S. listing would expose the company to "investor familiarity with fast growing new economy companies".
Companies in sectors including logistics, technology, mining, electric vehicles and renewable energy are most likely to seek IPOs both locally and abroad, said Deloitte Southeast Asia Disruptive Events Advisory Leader Tay Hwee Ling.
"International investors are seeing the value of portfolio diversification that Southeast Asia provides," Tay added.
The expected pickup in Southeast Asian listings, however, could get derailed by share volatility and stringent investor scrutiny, analysts say.
Shares of Vietnamese electric vehicle maker VinFast VFS.O have jumped some 75% since its debut in August, but not without strong volatility in thin trade.
Most U.S. investors, however, are savvy enough when it comes to due diligence.
"U.S. investors are generally proficient and experienced in evaluating opportunities across different sectors, but it is usually helpful for Southeast Asia companies to educate investors on any country specific factors that may affect their business," said Art Anuruk Karoonyavanich, head of capital markets at DBS based in Singapore.
(Reporting by Yantoultra Ngui in Singapore and Scott Murdoch in Sydney; Editing by Sumeet Chatterjee and Miral Fahmy)
((Yantoultra.Ngui@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This comes on top of recently announced plans by Vietnamese internet company VNG CorpVNZ.HNO and Philippine real estate company DoubleDragon Corp's DD.PSHotel101 Global to list in the U.S., filling a void left by Chinese companies which hit the pause button on U.S. IPOs after political tensions with Washington intensified, Beijing tightened scrutiny of domestic firms seeking overseas listings and China's own economy slowed. "Chinese competitors have gradually been pushed to the sidelines due to homemade restrictions and the ensuing domestic economic fallout," he added. "With the current cautious stance around China, these investors are on the lookout for some of the other emerging markets names," he added.
|
This comes on top of recently announced plans by Vietnamese internet company VNG CorpVNZ.HNO and Philippine real estate company DoubleDragon Corp's DD.PSHotel101 Global to list in the U.S., filling a void left by Chinese companies which hit the pause button on U.S. IPOs after political tensions with Washington intensified, Beijing tightened scrutiny of domestic firms seeking overseas listings and China's own economy slowed. "Chinese competitors have gradually been pushed to the sidelines due to homemade restrictions and the ensuing domestic economic fallout," he added. "With the current cautious stance around China, these investors are on the lookout for some of the other emerging markets names," he added.
|
This comes on top of recently announced plans by Vietnamese internet company VNG CorpVNZ.HNO and Philippine real estate company DoubleDragon Corp's DD.PSHotel101 Global to list in the U.S., filling a void left by Chinese companies which hit the pause button on U.S. IPOs after political tensions with Washington intensified, Beijing tightened scrutiny of domestic firms seeking overseas listings and China's own economy slowed. "Chinese competitors have gradually been pushed to the sidelines due to homemade restrictions and the ensuing domestic economic fallout," he added. "With the current cautious stance around China, these investors are on the lookout for some of the other emerging markets names," he added.
|
This comes on top of recently announced plans by Vietnamese internet company VNG CorpVNZ.HNO and Philippine real estate company DoubleDragon Corp's DD.PSHotel101 Global to list in the U.S., filling a void left by Chinese companies which hit the pause button on U.S. IPOs after political tensions with Washington intensified, Beijing tightened scrutiny of domestic firms seeking overseas listings and China's own economy slowed. "Chinese competitors have gradually been pushed to the sidelines due to homemade restrictions and the ensuing domestic economic fallout," he added. "With the current cautious stance around China, these investors are on the lookout for some of the other emerging markets names," he added.
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58f4d0ad-8d33-4ad8-a06b-0798c3c9e3db
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715747.0
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2023-09-11 00:00:00 UTC
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Interesting DD Put And Call Options For January 2026
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DD
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https://www.nasdaq.com/articles/interesting-dd-put-and-call-options-for-january-2026
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nan
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nan
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Investors in DuPont (Symbol: DD) saw new options become available today, for the January 2026 expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 858 days until expiration the newly available contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new January 2026 contracts and identified one put and one call contract of particular interest.
The put contract at the $75.00 strike price has a current bid of $7.00. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $75.00, but will also collect the premium, putting the cost basis of the shares at $68.00 (before broker commissions). To an investor already interested in purchasing shares of DD, that could represent an attractive alternative to paying $76.18/share today.
Because the $75.00 strike represents an approximate 2% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 9.33% return on the cash commitment, or 3.97% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for DuPont, and highlighting in green where the $75.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $77.50 strike price has a current bid of $12.70. If an investor was to purchase shares of DD stock at the current price level of $76.18/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $77.50. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 18.40% if the stock gets called away at the January 2026 expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $77.50 strike highlighted in red:
Considering the fact that the $77.50 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 16.67% boost of extra return to the investor, or 7.09% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 250 trading day closing values as well as today's price of $76.18) to be 27%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
Also see:
ANEW Average Annual Return
TILE shares outstanding history
RWV Historical Stock Prices
The views and 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 current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $77.50 strike highlighted in red: Considering the fact that the $77.50 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected.
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The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Below is a chart showing DD's trailing twelve month trading history, with the $77.50 strike highlighted in red: Considering the fact that the $77.50 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in DuPont (Symbol: DD) saw new options become available today, for the January 2026 expiration.
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The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Below is a chart showing DD's trailing twelve month trading history, with the $77.50 strike highlighted in red: Considering the fact that the $77.50 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted).
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At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new January 2026 contracts and identified one put and one call contract of particular interest. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Below is a chart showing DD's trailing twelve month trading history, with the $77.50 strike highlighted in red: Considering the fact that the $77.50 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected.
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ed168dc7-5f36-4050-80ff-573f94c52c8c
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715748.0
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2023-09-11 00:00:00 UTC
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Interesting DD Put And Call Options For January 2026
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DD
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https://www.nasdaq.com/articles/interesting-dd-put-and-call-options-for-january-2026-0
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nan
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nan
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Investors in DuPont (Symbol: DD) saw new options become available today, for the January 2026 expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 858 days until expiration the newly available contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new January 2026 contracts and identified one put and one call contract of particular interest.
The put contract at the $75.00 strike price has a current bid of $7.00. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $75.00, but will also collect the premium, putting the cost basis of the shares at $68.00 (before broker commissions). To an investor already interested in purchasing shares of DD, that could represent an attractive alternative to paying $76.18/share today.
Because the $75.00 strike represents an approximate 2% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 9.33% return on the cash commitment, or 3.97% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for DuPont, and highlighting in green where the $75.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $77.50 strike price has a current bid of $12.70. If an investor was to purchase shares of DD stock at the current price level of $76.18/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $77.50. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 18.40% if the stock gets called away at the January 2026 expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $77.50 strike highlighted in red:
Considering the fact that the $77.50 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 16.67% boost of extra return to the investor, or 7.09% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 250 trading day closing values as well as today's price of $76.18) to be 27%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
Also see:
ANEW Average Annual Return
TILE shares outstanding history
RWV Historical Stock Prices
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $77.50 strike highlighted in red: Considering the fact that the $77.50 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected.
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The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Below is a chart showing DD's trailing twelve month trading history, with the $77.50 strike highlighted in red: Considering the fact that the $77.50 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in DuPont (Symbol: DD) saw new options become available today, for the January 2026 expiration.
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The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Below is a chart showing DD's trailing twelve month trading history, with the $77.50 strike highlighted in red: Considering the fact that the $77.50 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted).
|
At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new January 2026 contracts and identified one put and one call contract of particular interest. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Below is a chart showing DD's trailing twelve month trading history, with the $77.50 strike highlighted in red: Considering the fact that the $77.50 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected.
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24857c45-9943-4b6b-b888-c78b02634e5a
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715749.0
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2023-09-08 00:00:00 UTC
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February 2024 Options Now Available For DuPont (DD)
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DD
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https://www.nasdaq.com/articles/february-2024-options-now-available-for-dupont-dd
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nan
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nan
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Investors in DuPont (Symbol: DD) saw new options begin trading today, for the February 2024 expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 161 days until expiration the newly trading contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new February 2024 contracts and identified one put and one call contract of particular interest.
The put contract at the $75.00 strike price has a current bid of $3.70. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $75.00, but will also collect the premium, putting the cost basis of the shares at $71.30 (before broker commissions). To an investor already interested in purchasing shares of DD, that could represent an attractive alternative to paying $75.66/share today.
Because the $75.00 strike represents an approximate 1% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 4.93% return on the cash commitment, or 11.18% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for DuPont, and highlighting in green where the $75.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $80.00 strike price has a current bid of $2.85. If an investor was to purchase shares of DD stock at the current price level of $75.66/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $80.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 9.50% if the stock gets called away at the February 2024 expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $80.00 strike highlighted in red:
Considering the fact that the $80.00 strike represents an approximate 6% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 3.77% boost of extra return to the investor, or 8.54% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $75.66) to be 27%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
Also see:
Top Stocks Held By Steven Cohen
CENH market cap history
MXF Dividend 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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The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $80.00 strike highlighted in red: Considering the fact that the $80.00 strike represents an approximate 6% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected.
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The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Below is a chart showing DD's trailing twelve month trading history, with the $80.00 strike highlighted in red: Considering the fact that the $80.00 strike represents an approximate 6% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in DuPont (Symbol: DD) saw new options begin trading today, for the February 2024 expiration.
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The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Below is a chart showing DD's trailing twelve month trading history, with the $80.00 strike highlighted in red: Considering the fact that the $80.00 strike represents an approximate 6% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted).
|
At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new February 2024 contracts and identified one put and one call contract of particular interest. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Below is a chart showing DD's trailing twelve month trading history, with the $80.00 strike highlighted in red: Considering the fact that the $80.00 strike represents an approximate 6% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected.
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6c51af2e-7722-4f2f-af6c-f6c4f280b455
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715750.0
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2023-09-08 00:00:00 UTC
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Why You Should Retain DuPont (DD) Stock in Your Portfolio
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DD
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https://www.nasdaq.com/articles/why-you-should-retain-dupont-dd-stock-in-your-portfolio-1
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nan
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nan
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DuPont de Nemours, Inc. DD is gaining from its productivity and pricing actions, innovation-driven investment and the Spectrum Plastics Group acquisition amid headwinds including demand softness in certain areas.
The company’s shares are up 29.4% over a year, compared with the 1.6% rise of its industry.
Image Source: Zacks Investment Research
Let’s find out why this Zacks Rank #3 (Hold) stock is worth retaining at the moment.
Productivity, Innovation & Spectrum Buyout to Aid Results
DuPont remains focused on driving growth though innovation and new product development. Its innovation-driven investment is focused on several high-growth areas. DD remains committed to drive returns from its R&D investment.
The company recently completed the buyout of leading manufacturer of specialty medical devices and components, Spectrum Plastics Group from AEA Investors for $1.75 billion. The acquired business, with annual sales of around $500 million, has been integrated into the industrial solutions line of business within the Electronics & Industrial segment.
The acquisition strengthens DuPont’s existing position in stable and fast-growing healthcare end-markets. It is also in sync with its focus on high-growth, customer-driven innovation for the healthcare market. The addition of Spectrum is expected to boost revenues in the Electronics & Industrial segment in the third quarter.
DuPont is also benefiting from cost synergy savings and productivity improvement actions. Its structural cost actions are contributing to its bottom line. It also continues to implement strategic price increases in the wake of raw material and energy cost inflation. These actions are likely to support its results in 2023. The company is also managing its portfolio with an aim for value creation. It is divesting non-core assets to focus more on high-growth, high-margin businesses.
Weakness in Water Business Ails
The company’s water business faces challenges from the slowdown in China. Its water solutions business is expected to see sales moderation in the second half of 2023 due to softer demand in China resulting from the slowdown in the industrial economy.
The softness in construction end-markets is also expected to impact the shelter solutions business within the Water & Protection segment in 2023. Also, customer de-stocking in shelter solutions is expected to continue through the third quarter.
DuPont’s move to adjust production rates is also expected to impact its top line and margins. The company is taking actions to reduce production rates in electronics to align inventory with demand. Production rate reductions are expected to be a drag on sales and operating EBITDA in the third quarter of 2023.
DuPont de Nemours, Inc. Price and Consensus
DuPont de Nemours, Inc. price-consensus-chart | DuPont de Nemours, Inc. Quote
Stocks to Consider
Better-ranked stocks worth a look in the basic materials space include Carpenter Technology Corporation CRS, Hawkins, Inc. HWKN and Akzo Nobel N.V. AKZOY.
The Zacks Consensus Estimate for current fiscal-year earnings for CRS is currently pegged at $3.48, implying year-over-year growth of 205.3%. Carpenter Technology currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Carpenter Technology has a trailing four-quarter earnings surprise of roughly 10%, on average. The stock has rallied around 72% in a year.
Hawkins currently carrying a Zacks Rank #1. It has a projected earnings growth rate of 18.9% for the current year.
Hawkins has a trailing four-quarter earnings surprise of roughly 25.6%, on average. HWKN shares are up around 63% in a year.
Akzo Nobel currently carries a Zacks Rank #1. The Zacks Consensus Estimate for AKZOY's current-year earnings has been revised 2.9% upward over the past 60 days.
The Zacks Consensus Estimate for current fiscal-year earnings for Akzo Nobel is currently pegged at $1.44, implying year-over-year growth of 67.4%. AKZOY shares have gained around 22% 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.
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DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report
Carpenter Technology Corporation (CRS) : Free Stock Analysis Report
Akzo Nobel NV (AKZOY) : Free Stock Analysis Report
Hawkins, Inc. (HWKN) : Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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DuPont de Nemours, Inc. DD is gaining from its productivity and pricing actions, innovation-driven investment and the Spectrum Plastics Group acquisition amid headwinds including demand softness in certain areas. DD remains committed to drive returns from its R&D investment. The addition of Spectrum is expected to boost revenues in the Electronics & Industrial segment in the third quarter.
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DuPont de Nemours, Inc. DD is gaining from its productivity and pricing actions, innovation-driven investment and the Spectrum Plastics Group acquisition amid headwinds including demand softness in certain areas. Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Carpenter Technology Corporation (CRS) : Free Stock Analysis Report Akzo Nobel NV (AKZOY) : Free Stock Analysis Report Hawkins, Inc. (HWKN) : Free Stock Analysis Report To read this article on Zacks.com click here. DD remains committed to drive returns from its R&D investment.
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DuPont de Nemours, Inc. DD is gaining from its productivity and pricing actions, innovation-driven investment and the Spectrum Plastics Group acquisition amid headwinds including demand softness in certain areas. Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Carpenter Technology Corporation (CRS) : Free Stock Analysis Report Akzo Nobel NV (AKZOY) : Free Stock Analysis Report Hawkins, Inc. (HWKN) : Free Stock Analysis Report To read this article on Zacks.com click here. DD remains committed to drive returns from its R&D investment.
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DuPont de Nemours, Inc. DD is gaining from its productivity and pricing actions, innovation-driven investment and the Spectrum Plastics Group acquisition amid headwinds including demand softness in certain areas. DD remains committed to drive returns from its R&D investment. The addition of Spectrum is expected to boost revenues in the Electronics & Industrial segment in the third quarter.
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79378faf-f94d-4a2e-8a0d-9c5a63ccf28a
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715751.0
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2023-09-07 00:00:00 UTC
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DuPont (DD) to Repurchase $2B Stock in New ASR Transaction
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DD
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https://www.nasdaq.com/articles/dupont-dd-to-repurchase-%242b-stock-in-new-asr-transaction
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nan
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nan
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DuPont de Nemours, Inc. DD has announced the successful conclusion of its $3.25 billion accelerated share repurchase (ASR) transaction, which was initiated last November and referred to as the ‘$3.25B ASR transaction.’ Additionally, the company has disclosed its engagement in new accelerated share repurchase agreements with various counterparties, aiming to repurchase a total of $2 billion worth of common stock, known as the "$2B ASR transaction."
Regarding the $3.25B ASR transaction's completion, DuPont has effectively received and retired an additional 8 million shares of its common stock. Throughout the $3.25B ASR transaction, the company has received and retired a total of 46.8 million shares of DuPont common stock, with an average purchase price of $69.44 per share.
In conjunction with the commencement of the $2B ASR transaction, DuPont will pay $2 billion this week. In return, the company will receive and retire 21.2 million shares of DuPont common stock, equivalent to 80% of the transaction value, as determined by DuPont's closing share price on September 5.
Upon completion, the ultimate number of shares to be received and retired under the $2B ASR transaction will be ascertained. This calculation will consider DuPont common stock's overall transaction value and the volume-weighted average share price during the transaction's duration. DuPont anticipates finalizing the $2B ASR transaction within the first quarter of 2024.
DuPont’s shares have risen 35% in a year compared with the 7.8% rise recorded by the industry.
Image Source: Zacks Investment Research
DuPont reported second-quarter adjusted earnings of 85 cents per share, surpassing the Zacks Consensus Estimate of 83 cents. Net sales were $3,094 million, down 7% from the previous year but beating the Zacks Consensus Estimate of $3,002.6 million.
In its second-quarter call, DuPont provided guidance for 2023, expecting net sales to be in the range of $12,450-$12,550 million, with adjusted earnings per share (EPS) forecasted to be $3.40-$3.50. For the third quarter of 2023, the company anticipates net sales of around $3,150 million and adjusted EPS of approximately 84 cents.
DuPont de Nemours, Inc. Price and Consensus
DuPont de Nemours, Inc. price-consensus-chart | DuPont de Nemours, Inc. Quote
Zacks Rank & Key Picks
DuPont currently carries a Zacks Rank #3 (Hold).
A few better-ranked stocks in the Basic Materials space are Carpenter Technology Corporation CRS, Akzo Nobel N.V. AKZOY and Hawkins, Inc. HWKN, each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The earnings estimate for Carpenter Technology’s current year is pegged at $3.48, indicating a year-over-year growth of 205%. CRS beat the Zacks Consensus Estimate in all the last four quarters, with the average earnings surprise being 10%. The company’s shares have rallied 85.7% in the past year.
The consensus estimate for Akzo Nobel’s current-year earnings is pegged at $1.44, indicating year-over-year growth of 67.4%. In the past 60 days, AKZOY’s current-year earnings estimate has been revised upward by 2.9%. The company’s shares have rallied 24.9% in the past year.
The consensus estimate for Hawkins’ current-year earnings is pegged at $3.40, indicating year-over-year growth of 18.9%. HWKN beat the Zacks Consensus Estimate in all the last four quarters, with the average earnings surprise being 25.6%. The company’s shares have rallied 63.3% in the past year.
Zacks Names #1 Semiconductor Stock
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With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report
Carpenter Technology Corporation (CRS) : Free Stock Analysis Report
Akzo Nobel NV (AKZOY) : Free Stock Analysis Report
Hawkins, Inc. (HWKN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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DuPont de Nemours, Inc. DD has announced the successful conclusion of its $3.25 billion accelerated share repurchase (ASR) transaction, which was initiated last November and referred to as the ‘$3.25B ASR transaction.’ Additionally, the company has disclosed its engagement in new accelerated share repurchase agreements with various counterparties, aiming to repurchase a total of $2 billion worth of common stock, known as the "$2B ASR transaction." Regarding the $3.25B ASR transaction's completion, DuPont has effectively received and retired an additional 8 million shares of its common stock. Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Carpenter Technology Corporation (CRS) : Free Stock Analysis Report Akzo Nobel NV (AKZOY) : Free Stock Analysis Report Hawkins, Inc. (HWKN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Carpenter Technology Corporation (CRS) : Free Stock Analysis Report Akzo Nobel NV (AKZOY) : Free Stock Analysis Report Hawkins, Inc. (HWKN) : Free Stock Analysis Report To read this article on Zacks.com click here. DuPont de Nemours, Inc. DD has announced the successful conclusion of its $3.25 billion accelerated share repurchase (ASR) transaction, which was initiated last November and referred to as the ‘$3.25B ASR transaction.’ Additionally, the company has disclosed its engagement in new accelerated share repurchase agreements with various counterparties, aiming to repurchase a total of $2 billion worth of common stock, known as the "$2B ASR transaction." Regarding the $3.25B ASR transaction's completion, DuPont has effectively received and retired an additional 8 million shares of its common stock.
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DuPont de Nemours, Inc. DD has announced the successful conclusion of its $3.25 billion accelerated share repurchase (ASR) transaction, which was initiated last November and referred to as the ‘$3.25B ASR transaction.’ Additionally, the company has disclosed its engagement in new accelerated share repurchase agreements with various counterparties, aiming to repurchase a total of $2 billion worth of common stock, known as the "$2B ASR transaction." Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Carpenter Technology Corporation (CRS) : Free Stock Analysis Report Akzo Nobel NV (AKZOY) : Free Stock Analysis Report Hawkins, Inc. (HWKN) : Free Stock Analysis Report To read this article on Zacks.com click here. Regarding the $3.25B ASR transaction's completion, DuPont has effectively received and retired an additional 8 million shares of its common stock.
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DuPont de Nemours, Inc. DD has announced the successful conclusion of its $3.25 billion accelerated share repurchase (ASR) transaction, which was initiated last November and referred to as the ‘$3.25B ASR transaction.’ Additionally, the company has disclosed its engagement in new accelerated share repurchase agreements with various counterparties, aiming to repurchase a total of $2 billion worth of common stock, known as the "$2B ASR transaction." Regarding the $3.25B ASR transaction's completion, DuPont has effectively received and retired an additional 8 million shares of its common stock. Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Carpenter Technology Corporation (CRS) : Free Stock Analysis Report Akzo Nobel NV (AKZOY) : Free Stock Analysis Report Hawkins, Inc. (HWKN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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6a7adb60-3771-4ba4-bbd0-b227832b37e2
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715752.0
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2023-09-07 00:00:00 UTC
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Will Dow Stock Recover To Its Pre-Inflation Shock Highs?
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DD
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https://www.nasdaq.com/articles/will-dow-stock-recover-to-its-pre-inflation-shock-highs
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nan
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nan
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Dow stock (NYSE: DOW) currently trades at $55 per share, about 15% lower than the level seen in March 2021, and it looks fully valued. DOW stock was trading at around $52 in early June 2022, just before the Fed started increasing rates, and is now 7% above that level, compared to 19% gains for the S&P 500 during this period. This underperformance of DOW stock can be attributed to a decline in sales in recent quarters due to lower demand and prices, given a challenging macro environment with higher inflation and rising interest rates. Although there has been a steady decline in the inflation rate in response to the Fed’s aggressive rate hike plan, investors still have concerns about a potential recession.
We note that DOW stock has had a Sharpe Ratio of 0.2 since early 2017, lower than 0.6 for the S&P 500 Index over the same period. This compares with the Sharpe of 1.3 for the Trefis Reinforced Value portfolio. Sharpe is a measure of return per unit of risk, and high-performance portfolios can provide the best of both worlds.
Returning to the pre-inflation shock level of about $71 means that DOW stock will have to gain more than 25% from here, and we don’t think this will materialize anytime soon. DOW stock trades at 0.8x revenues, aligning with its last four-year average. Our Dow (DOW) Valuation Ratios Comparison dashboard has more details.
Our detailed analysis of Dow upside post-inflation shock captures trends in the company’s stock during the turbulent market conditions seen over 2022. It compares these trends to the stock’s performance during the 2008 recession.
2022 Inflation Shock
Timeline of Inflation Shock So Far:
2020 – early 2021: Increase in money supply to cushion the impact of lockdowns led to high demand for goods; producers unable to match up.
Early 2021: Shipping snarls and worker shortages from the coronavirus pandemic continue to hurt supply.
April 2021: Inflation rates cross 4% and increase rapidly.
Early 2022: Energy and food prices spike due to the Russian invasion of Ukraine. Fed begins its rate hike process.
June 2022: Inflation levels peak at 9% – the highest level in 40 years. The S&P 500 index declined more than 20% from peak levels.
July – September 2022: Fed hikes interest rates aggressively – resulting in an initial recovery in the S&P 500 followed by another sharp decline.
Since October 2022: Fed continues rate hike process; improving market sentiments help S&P500 recoup some of its losses.
In contrast, here’s how the broader market performed during the 2007/2008 crisis.
Timeline of 2007-08 Crisis
10/1/2007: Approximate pre-crisis peak in S&P 500 index
9/1/2008 – 10/1/2008: Accelerated market decline corresponding to Lehman bankruptcy filing (9/15/08)
3/1/2009: Approximate bottoming out of S&P 500 index
12/31/2009: Initial recovery to levels before accelerated decline (around 9/1/2008)
S&P 500 Performance During 2007-08 Crisis
The S&P 500 Index saw a decline of 51%, falling from levels of 1,540 in September 2007 to 757 in March 2009. It then rallied 48% between March 2009 and January 2010 to reach levels of 1,124.
Dow Restructuring
Dow has gone through significant restructuring in the last ten years. In 2015, Dow and DuPont agreed to a corporate reorganization involving the merger and split of Dow and DuPont into three different companies. Dow and DuPont merged to form DowDuPont in 2017. The materials science division was spun off from DowDuPont and took the name of the Dow Chemical Company in 2019.
Dow Fundamentals Over Recent Years
Dow’s revenue rose from $43 billion in 2019 to $57 billion in 2022, driven by increased pricing, especially in 2021, when the pricing growth was a solid 40%. However, the sales have declined to $49 billion in the last twelve months due to lower demand and soft pricing.
The company’s operating margin improved from -1% in 2019 to 12% in 2022 before declining to 6% for the last twelve-month period. Our Dow Operating Income Comparison dashboard has more details. Its earnings per share stood at $6.32 in 2022, compared to the $(1.84) figure in 2019.
Does Dow Have A Sufficient Cash Cushion To Meet Its Obligations Through The Ongoing Inflation Shock?
Dow’s total debt decreased from $19 billion in 2019 to $17 billion in 2022, while its cash increased from around $2 billion to $4 billion over the same period. The company also garnered $7.5 billion in cash flows from operations in 2023. The company appears to have enough cash cushion to meet its near-term obligations.
Conclusion
With the Fed’s efforts to tame runaway inflation rates helping market sentiments, we believe Dow stock has the potential for gains once fears of a potential recession are allayed. That said, the declining sales and earnings and pressure on operating margins remain a risk factor to realizing these gains.
Returns Sep 2023
MTD [1] 2023
YTD [1] 2017-23
Total [2]
DOW Return 1% 10% 1%
S&P 500 Return 0% 18% 102%
Trefis Reinforced Value Portfolio 1% 32% 580%
[1] Month-to-date and year-to-date as of 9/4/2023
[2] Cumulative total returns since the end of 2016
Invest with Trefis Market Beating Portfolios
See all Trefis Price Estimates
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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DOW stock was trading at around $52 in early June 2022, just before the Fed started increasing rates, and is now 7% above that level, compared to 19% gains for the S&P 500 during this period. This underperformance of DOW stock can be attributed to a decline in sales in recent quarters due to lower demand and prices, given a challenging macro environment with higher inflation and rising interest rates. Our detailed analysis of Dow upside post-inflation shock captures trends in the company’s stock during the turbulent market conditions seen over 2022.
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July – September 2022: Fed hikes interest rates aggressively – resulting in an initial recovery in the S&P 500 followed by another sharp decline. Since October 2022: Fed continues rate hike process; improving market sentiments help S&P500 recoup some of its losses. Timeline of 2007-08 Crisis 10/1/2007: Approximate pre-crisis peak in S&P 500 index 9/1/2008 – 10/1/2008: Accelerated market decline corresponding to Lehman bankruptcy filing (9/15/08) 3/1/2009: Approximate bottoming out of S&P 500 index 12/31/2009: Initial recovery to levels before accelerated decline (around 9/1/2008) S&P 500 Performance During 2007-08 Crisis The S&P 500 Index saw a decline of 51%, falling from levels of 1,540 in September 2007 to 757 in March 2009.
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DOW stock was trading at around $52 in early June 2022, just before the Fed started increasing rates, and is now 7% above that level, compared to 19% gains for the S&P 500 during this period. Timeline of 2007-08 Crisis 10/1/2007: Approximate pre-crisis peak in S&P 500 index 9/1/2008 – 10/1/2008: Accelerated market decline corresponding to Lehman bankruptcy filing (9/15/08) 3/1/2009: Approximate bottoming out of S&P 500 index 12/31/2009: Initial recovery to levels before accelerated decline (around 9/1/2008) S&P 500 Performance During 2007-08 Crisis The S&P 500 Index saw a decline of 51%, falling from levels of 1,540 in September 2007 to 757 in March 2009. Total [2] DOW Return 1% 10% 1% S&P 500 Return 0% 18% 102% Trefis Reinforced Value Portfolio 1% 32% 580% [1] Month-to-date and year-to-date as of 9/4/2023 [2] Cumulative total returns since the end of 2016 Invest with Trefis Market Beating Portfolios See all Trefis Price Estimates The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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DOW stock was trading at around $52 in early June 2022, just before the Fed started increasing rates, and is now 7% above that level, compared to 19% gains for the S&P 500 during this period. June 2022: Inflation levels peak at 9% – the highest level in 40 years. The company also garnered $7.5 billion in cash flows from operations in 2023.
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fa5a1318-119e-4daf-b323-5fa0d3be1a7e
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715753.0
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2023-09-06 00:00:00 UTC
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Noteworthy Wednesday Option Activity: DD, TDG, GL
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DD
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https://www.nasdaq.com/articles/noteworthy-wednesday-option-activity%3A-dd-tdg-gl
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nan
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nan
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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in DuPont (Symbol: DD), where a total volume of 11,246 contracts has been traded thus far today, a contract volume which is representative of approximately 1.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 53.6% of DD's average daily trading volume over the past month, of 2.1 million shares. Especially high volume was seen for the $72.50 strike put option expiring January 19, 2024, with 4,095 contracts trading so far today, representing approximately 409,500 underlying shares of DD. Below is a chart showing DD's trailing twelve month trading history, with the $72.50 strike highlighted in orange:
TransDigm Group Inc (Symbol: TDG) options are showing a volume of 1,235 contracts thus far today. That number of contracts represents approximately 123,500 underlying shares, working out to a sizeable 52.5% of TDG's average daily trading volume over the past month, of 235,330 shares. Especially high volume was seen for the $900 strike call option expiring September 15, 2023, with 888 contracts trading so far today, representing approximately 88,800 underlying shares of TDG. Below is a chart showing TDG's trailing twelve month trading history, with the $900 strike highlighted in orange:
And Globe Life Inc (Symbol: GL) options are showing a volume of 2,195 contracts thus far today. That number of contracts represents approximately 219,500 underlying shares, working out to a sizeable 50.8% of GL's average daily trading volume over the past month, of 432,050 shares. Particularly high volume was seen for the $105 strike put option expiring September 15, 2023, with 1,167 contracts trading so far today, representing approximately 116,700 underlying shares of GL. Below is a chart showing GL's trailing twelve month trading history, with the $105 strike highlighted in orange:
For the various different available expirations for DD options, TDG options, or GL options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
GULF Historical Stock Prices
Funds Holding HCAT
RECN Videos
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $72.50 strike put option expiring January 19, 2024, with 4,095 contracts trading so far today, representing approximately 409,500 underlying shares of DD. Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in DuPont (Symbol: DD), where a total volume of 11,246 contracts has been traded thus far today, a contract volume which is representative of approximately 1.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 53.6% of DD's average daily trading volume over the past month, of 2.1 million shares.
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Below is a chart showing DD's trailing twelve month trading history, with the $72.50 strike highlighted in orange: TransDigm Group Inc (Symbol: TDG) options are showing a volume of 1,235 contracts thus far today. Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in DuPont (Symbol: DD), where a total volume of 11,246 contracts has been traded thus far today, a contract volume which is representative of approximately 1.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 53.6% of DD's average daily trading volume over the past month, of 2.1 million shares.
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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in DuPont (Symbol: DD), where a total volume of 11,246 contracts has been traded thus far today, a contract volume which is representative of approximately 1.1 million underlying shares (given that every 1 contract represents 100 underlying shares). Especially high volume was seen for the $72.50 strike put option expiring January 19, 2024, with 4,095 contracts trading so far today, representing approximately 409,500 underlying shares of DD. That number works out to 53.6% of DD's average daily trading volume over the past month, of 2.1 million shares.
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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in DuPont (Symbol: DD), where a total volume of 11,246 contracts has been traded thus far today, a contract volume which is representative of approximately 1.1 million underlying shares (given that every 1 contract represents 100 underlying shares). Below is a chart showing GL's trailing twelve month trading history, with the $105 strike highlighted in orange: For the various different available expirations for DD options, TDG options, or GL options, visit StockOptionsChannel.com. That number works out to 53.6% of DD's average daily trading volume over the past month, of 2.1 million shares.
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4f910f0c-82f4-4c6f-ad3c-7cbaea0885d5
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715754.0
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2023-09-05 00:00:00 UTC
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DuPont To Collaborate With YMT To Enhance Service In Korea
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DD
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https://www.nasdaq.com/articles/dupont-to-collaborate-with-ymt-to-enhance-service-in-korea
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nan
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nan
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(RTTNews) - Specialty chemicals maker DuPont de Nemours, Inc. (DD) announced on Tuesday that it has entered into a collaboration with YMT, a Korean printed circuit board manufacturer to better address the local customer needs.
Under the collaboration, DuPont's circuit imaging material expertise will be combined with YMT's local network as YMT has invested in establishing a dry film slitting facility, Riston and expects to start operations in October.
The company believes adding Riston dry film photoresist slitting capability will accelerate Riston's product delivery and flexibility, heightening Korea's local customer reach and better service.
"We believe the win-win strategy will reinforce our circuit imaging market in Korea while YMT will expand its current product offerings by adding Riston dry films," said Yuan Yuan Zhou Global Business Director, DuPont.
DuPont and YMT will jointly showcase the Riston dry film photoresist technology including advanced PCB technology for high-end segments such as Integrated Circuit (IC) substrate, High-Density Interconnect (HDI) and Semi-Additive Process (SAP), at the upcoming KPCA in Incheon Korea, taking place from Sept 6 to 8.
Currently, shares of Dupont are trading at $76.50 down 1.89% on the New York Stock Exchange and in Korea shares of YMT closed at 11,730 Korean won today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Specialty chemicals maker DuPont de Nemours, Inc. (DD) announced on Tuesday that it has entered into a collaboration with YMT, a Korean printed circuit board manufacturer to better address the local customer needs. "We believe the win-win strategy will reinforce our circuit imaging market in Korea while YMT will expand its current product offerings by adding Riston dry films," said Yuan Yuan Zhou Global Business Director, DuPont. DuPont and YMT will jointly showcase the Riston dry film photoresist technology including advanced PCB technology for high-end segments such as Integrated Circuit (IC) substrate, High-Density Interconnect (HDI) and Semi-Additive Process (SAP), at the upcoming KPCA in Incheon Korea, taking place from Sept 6 to 8.
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The company believes adding Riston dry film photoresist slitting capability will accelerate Riston's product delivery and flexibility, heightening Korea's local customer reach and better service. "We believe the win-win strategy will reinforce our circuit imaging market in Korea while YMT will expand its current product offerings by adding Riston dry films," said Yuan Yuan Zhou Global Business Director, DuPont. (RTTNews) - Specialty chemicals maker DuPont de Nemours, Inc. (DD) announced on Tuesday that it has entered into a collaboration with YMT, a Korean printed circuit board manufacturer to better address the local customer needs.
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"We believe the win-win strategy will reinforce our circuit imaging market in Korea while YMT will expand its current product offerings by adding Riston dry films," said Yuan Yuan Zhou Global Business Director, DuPont. DuPont and YMT will jointly showcase the Riston dry film photoresist technology including advanced PCB technology for high-end segments such as Integrated Circuit (IC) substrate, High-Density Interconnect (HDI) and Semi-Additive Process (SAP), at the upcoming KPCA in Incheon Korea, taking place from Sept 6 to 8. (RTTNews) - Specialty chemicals maker DuPont de Nemours, Inc. (DD) announced on Tuesday that it has entered into a collaboration with YMT, a Korean printed circuit board manufacturer to better address the local customer needs.
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(RTTNews) - Specialty chemicals maker DuPont de Nemours, Inc. (DD) announced on Tuesday that it has entered into a collaboration with YMT, a Korean printed circuit board manufacturer to better address the local customer needs. The company believes adding Riston dry film photoresist slitting capability will accelerate Riston's product delivery and flexibility, heightening Korea's local customer reach and better service. "We believe the win-win strategy will reinforce our circuit imaging market in Korea while YMT will expand its current product offerings by adding Riston dry films," said Yuan Yuan Zhou Global Business Director, DuPont.
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9cd54d73-5272-4c30-ada8-d83485fb9b41
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715755.0
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2023-09-03 00:00:00 UTC
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3 Up-and-Coming Hydrogen Stocks to Put on Your Must-Buy List
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DD
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https://www.nasdaq.com/articles/3-up-and-coming-hydrogen-stocks-to-put-on-your-must-buy-list
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The Inflation Reduction Act (IRA) passed by the Biden Administration in 2022 provides both tax incentives and subsidies to clean energy projects. Given the encompassing nature of the IRA, those subsidies would also be given to hydrogen projects, initially prompting some investors to give hydrogen stocks another look. However, thus far in 2023, even up-and-coming hydrogen stocks have largely underperformed the market. When global energy prices remain slightly elevated, it is difficult for hydrogen energy to compete when it is already more expensive than even some renewable energy alternatives. Nonetheless, hydrogen energy will eventually carve out its own space within the world’s energy grid, and investors should take notice now while prices are relatively low.
Bloom Energy (BE)
Source: Sundry Photography / Shutterstock
Bloom Energy (NYSE:BE) is a pure-play innovator in the hydrogen industry, specializing in solid oxide fuel cell (SOFC) technology, which can generate electricity from various fuels, including natural gas, biogas and hydrogen. The “Bloom Energy Server” produces electricity through an electrochemical process that reduces the need for combustion and thereby reduces emissions. Unlike some hydrogen power sources, Bloom’s Energy Server can provide reliable, 24/7 power, making them an attractive option for businesses and institutions that require constant power supply. The server also operates independently of the grid. This can be a crucial advantage during power outages or in areas with unstable grid infrastructure.
Though Bloom Energy has maintained double digit top-line growth in the last few years, its share value has continued to suffer, and the reasons are perhaps two-fold. Investors may be concerned about Bloom Energy’s lack of operational efficiency: the hydrogen producer generates negative operating profit. Another reason could be due to hydrogen energy still being less cost effective than other sources of energy, including solar panels. However, in July, Bloom Energy announced the launch of the Series 10, 10 MW fuel cell offering, which could significantly improve the company’s product portfolio. The stock trading at a low point coupled with Bloom Energy’s continued innovation should keep some investors interested.
Cummins (CMI)
Source: Jonathan Weiss / Shutterstock.com
Cummins (NYSE:CMI) is a global leader in power solutions, offering engines, generators, components and services for various end-markets, such as transportation, industrial, marine and mining. The company has also been investing heavily in hydrogen fuel cell technology, aiming to become a dominant player in the emerging hydrogen economy.
Cummins has made a number of strategic acquisitions and partnerships to gain market share in the hydrogen space. In late 2019, the company acquired Hydrogenics and, the following year, Cummins formed a joint venture with NPROXX to develop hydrogen storage systems. Cummins has also formed strategic partnerships with other players in the industry to develop fuel cell products, such as Air Products (NYSE:APD) and Hyundai Motor (OTCMKTS:HYMTF). These decisions have enabled Cummins to offer a comprehensive portfolio of hydrogen solutions, including electrolyzers, fuel cells, storage tanks, dispensers and refueling stations.
Cummins has been delivering solid financial results since the Covid-19 pandemic with revenues growing consistently in the double digits and net margins in the high single digits. Cummins’ stock has only risen by about 11.4% in the past 12 months, indicating investors could benefit from a long-term hold as the company continues its expansion into the hydrogen space.
DuPont de Nemours (DD)
Source: ricochet64 / Shutterstock.com
DuPont de Nemours (NYSE:DD) is a diversified chemical company that produces high-performance materials and solutions for various industries, such as electronics, transportation, construction, health care and agriculture. The company happens to also have a significant presence in the hydrogen market through its membrane technology business. DuPont’s membranes are used in both electrolyzers and fuel cells to separate hydrogen from other gasses or liquids. The company claims that its membranes are more durable, efficient and cost-effective than conventional ones.
DuPont has been recovering from the negative impact of the Covid-19 pandemic on its business. Though revenue growth has been uneven, net income margins have remained elevated. In 2022, DuPont generated $13.0 billion in revenue and $5.9 billion in net income, representing a hefty 45% net income margin. If DuPont is able to continue generating such large sums of net income, it is quite possible the company could return more some of that to shareholders in the form of dividends while also earmarking future investments into hydrogen-powered energy systems. Investors should watch closely on what DuPont does next.
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 views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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DuPont de Nemours (DD) Source: ricochet64 / Shutterstock.com DuPont de Nemours (NYSE:DD) is a diversified chemical company that produces high-performance materials and solutions for various industries, such as electronics, transportation, construction, health care and agriculture. These decisions have enabled Cummins to offer a comprehensive portfolio of hydrogen solutions, including electrolyzers, fuel cells, storage tanks, dispensers and refueling stations. Cummins’ stock has only risen by about 11.4% in the past 12 months, indicating investors could benefit from a long-term hold as the company continues its expansion into the hydrogen space.
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DuPont de Nemours (DD) Source: ricochet64 / Shutterstock.com DuPont de Nemours (NYSE:DD) is a diversified chemical company that produces high-performance materials and solutions for various industries, such as electronics, transportation, construction, health care and agriculture. Cummins (CMI) Source: Jonathan Weiss / Shutterstock.com Cummins (NYSE:CMI) is a global leader in power solutions, offering engines, generators, components and services for various end-markets, such as transportation, industrial, marine and mining. These decisions have enabled Cummins to offer a comprehensive portfolio of hydrogen solutions, including electrolyzers, fuel cells, storage tanks, dispensers and refueling stations.
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DuPont de Nemours (DD) Source: ricochet64 / Shutterstock.com DuPont de Nemours (NYSE:DD) is a diversified chemical company that produces high-performance materials and solutions for various industries, such as electronics, transportation, construction, health care and agriculture. When global energy prices remain slightly elevated, it is difficult for hydrogen energy to compete when it is already more expensive than even some renewable energy alternatives. Bloom Energy (BE) Source: Sundry Photography / Shutterstock Bloom Energy (NYSE:BE) is a pure-play innovator in the hydrogen industry, specializing in solid oxide fuel cell (SOFC) technology, which can generate electricity from various fuels, including natural gas, biogas and hydrogen.
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DuPont de Nemours (DD) Source: ricochet64 / Shutterstock.com DuPont de Nemours (NYSE:DD) is a diversified chemical company that produces high-performance materials and solutions for various industries, such as electronics, transportation, construction, health care and agriculture. InvestorPlace - Stock Market News, Stock Advice & Trading Tips The Inflation Reduction Act (IRA) passed by the Biden Administration in 2022 provides both tax incentives and subsidies to clean energy projects. Bloom Energy (BE) Source: Sundry Photography / Shutterstock Bloom Energy (NYSE:BE) is a pure-play innovator in the hydrogen industry, specializing in solid oxide fuel cell (SOFC) technology, which can generate electricity from various fuels, including natural gas, biogas and hydrogen.
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9642889a-a44b-4e9c-8795-a46545b71737
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715756.0
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2023-09-01 00:00:00 UTC
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DuPont de Nemours (DD) Down 0.3% Since Last Earnings Report: Can It Rebound?
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DD
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https://www.nasdaq.com/articles/dupont-de-nemours-dd-down-0.3-since-last-earnings-report%3A-can-it-rebound
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nan
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A month has gone by since the last earnings report for DuPont de Nemours (DD). Shares have lost about 0.3% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is DuPont de Nemours 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 drivers.
DuPont's Q2 Earnings and Revenues Surpass Estimates
DuPont reported earnings from continuing operations of 55 cents per share for second-quarter 2023, down from 71 cents per share in the year-ago quarter.
Barring one-time items, earnings came in at 85 cents per share for the reported quarter, topping the Zacks Consensus Estimate of 83 cents.
DuPont raked in net sales of $3,094 million, down 7% from the year-ago quarter. It surpassed the Zacks Consensus Estimate of $3,002.6 million. The company saw a 4% decline in organic sales in the quarter, hurt by 6% lower volumes that more than offset 2% higher pricing.
Segment Highlights
The company’s Electronics & Industrial segment recorded net sales of $1,312 million in the reported quarter, down 14% on a year-over-year comparison basis. It was below our estimate of $1,330.5 million. Organic sales fell 12% due to a decrease in volumes.
Semiconductor Technologies experienced a 19% volume decline due to weaker end-market demand and channel inventory destocking, while Interconnect Solutions saw a 15% volume decrease due to reduced consumer electronics spending. Despite the volume declines, there was a 7% sequential sales improvement from the first quarter of 2023. The Industrial Solutions segment faced a 2% volume decline, with strong performance in broad-based industrial markets offset by reduced demand in consumer-related areas such as displays and advanced printing applications.
Net sales in the Water & Protection unit were $1,494 million, stable year over year. The figure was above our estimate of $1,417 million. Organic sales rose 1% on pricing gains. Safety Solutions experienced growth, up in mid-single digits, thanks to carryover pricing and increased volume in aerospace, automotive and healthcare sectors. However, Shelter Solutions faced a 12% decline in organic sales, primarily due to softness in construction markets and channel inventory destocking, partly offset by carryover pricing.
Financials
DuPont had cash and cash equivalents of $4,885 million at the end of the quarter, up around 239% year over year. Long-term debt was $7,775 million, down around 27% year over year.
The company also generated operating cash flow from continuing operations of $400 million during the quarter.
Guidance
The company now sees net sales for 2023 to be in the range of $12,450-$12,550 million. Adjusted earnings per share for 2023 are forecast to be $3.40-$3.50. For third-quarter 2023, the company sees net sales of roughly $3,150 million. Adjusted earnings per share for the quarter are projected at roughly 84 cents.
The Electronics & Industrial segment is expected to see a 10% organic decline in revenues compared to the previous year. However, the addition of Spectrum is set to boost reported revenues starting from Aug 1. Overall, full-year revenues are projected to decrease approximately 10% organically, primarily due to lower volumes and production adjustments.
For the Water & Protection unit, a mid-single-digit decline in revenues on an organic basis is expected compared to the previous year, as the benefit from carryover pricing ends. Despite this, Water Solutions is forecast to achieve mid-single-digit organic growth for the full year, though it may face some weakness in the second half due to softer demand in China. On the other hand, Safety Solutions is projected to experience steady demand throughout 2023, driven by growth in the aerospace, automotive and healthcare sectors. Meanwhile, the construction end markets are expected to remain weak throughout the year, with the impact of destocking reducing in the second half.
How Have Estimates Been Moving Since Then?
It turns out, fresh estimates have trended downward during the past month.
The consensus estimate has shifted -7.91% due to these changes.
VGM Scores
Currently, DuPont de Nemours has a poor Growth Score of F, a grade with the same score on the momentum front. However, 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 D. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, DuPont de Nemours has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
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
DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A month has gone by since the last earnings report for DuPont de Nemours (DD). However, the addition of Spectrum is set to boost reported revenues starting from Aug 1. Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report To read this article on Zacks.com click here.
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A month has gone by since the last earnings report for DuPont de Nemours (DD). However, the addition of Spectrum is set to boost reported revenues starting from Aug 1. Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report To read this article on Zacks.com click here.
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A month has gone by since the last earnings report for DuPont de Nemours (DD). However, the addition of Spectrum is set to boost reported revenues starting from Aug 1. Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report To read this article on Zacks.com click here.
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A month has gone by since the last earnings report for DuPont de Nemours (DD). However, the addition of Spectrum is set to boost reported revenues starting from Aug 1. Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report To read this article on Zacks.com click here.
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1bc14b84-7aae-433d-8550-2429aa41aef9
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715757.0
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2023-08-31 00:00:00 UTC
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DuPont de Nemours (DD) Price Target Increased by 6.07% to 84.34
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DD
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https://www.nasdaq.com/articles/dupont-de-nemours-dd-price-target-increased-by-6.07-to-84.34
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The average one-year price target for DuPont de Nemours (NYSE:DD) has been revised to 84.34 / share. This is an increase of 6.07% from the prior estimate of 79.51 dated August 1, 2023.
The price target is an average of many targets provided by analysts. The latest targets range from a low of 71.00 to a high of 96.60 / share. The average price target represents an increase of 9.55% from the latest reported closing price of 76.99 / share.
What is the Fund Sentiment?
There are 1993 funds or institutions reporting positions in DuPont de Nemours. This is a decrease of 21 owner(s) or 1.04% in the last quarter. Average portfolio weight of all funds dedicated to DD is 0.28%, a decrease of 5.91%. Total shares owned by institutions decreased in the last three months by 0.57% to 412,089K shares.
The put/call ratio of DD is 0.69, indicating a bullish outlook.
What are Other Shareholders Doing?
Massachusetts Financial Services holds 23,410K shares representing 5.10% ownership of the company. In it's prior filing, the firm reported owning 23,332K shares, representing an increase of 0.33%. The firm decreased its portfolio allocation in DD by 3.81% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 12,868K shares representing 2.80% ownership of the company. In it's prior filing, the firm reported owning 22,093K shares, representing a decrease of 71.69%. The firm decreased its portfolio allocation in DD by 21.87% over the last quarter.
Bnp Paribas Arbitrage holds 12,571K shares representing 2.74% ownership of the company. In it's prior filing, the firm reported owning 8,257K shares, representing an increase of 34.32%. The firm increased its portfolio allocation in DD by 771.37% over the last quarter.
MEIAX - MFS Value Fund A holds 11,692K shares representing 2.55% ownership of the company. In it's prior filing, the firm reported owning 11,855K shares, representing a decrease of 1.40%. The firm decreased its portfolio allocation in DD by 5.25% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 10,929K shares representing 2.38% ownership of the company. In it's prior filing, the firm reported owning 16,840K shares, representing a decrease of 54.09%. The firm decreased its portfolio allocation in DD by 12.95% over the last quarter.
DuPont de Nemours Background Information
(This description is provided by the company.)
DuPont is a global innovation leader with technology-based materials, ingredients and solutions that help transform industries and everyday life. DuPont applies diverse science and expertise to help customers advance their best ideas and deliver essential innovations in key markets including electronics, transportation, construction, water, health and wellness, food and worker safety.
Additional reading:
DuPont Reports Second Quarter 2023 Results
UNITED STATES DISTRICT COURT FOR THE DISTRICT OF SOUTH CAROLINA CHARLESTON DIVISION
Chemours, DuPont, and Corteva Reach Comprehensive PFAS Settlement with U.S. Water Systems
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
Click to Learn More
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits. The average one-year price target for DuPont de Nemours (NYSE:DD) has been revised to 84.34 / share. Average portfolio weight of all funds dedicated to DD is 0.28%, a decrease of 5.91%.
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The average one-year price target for DuPont de Nemours (NYSE:DD) has been revised to 84.34 / share. Average portfolio weight of all funds dedicated to DD is 0.28%, a decrease of 5.91%. The put/call ratio of DD is 0.69, indicating a bullish outlook.
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The average one-year price target for DuPont de Nemours (NYSE:DD) has been revised to 84.34 / share. Average portfolio weight of all funds dedicated to DD is 0.28%, a decrease of 5.91%. The put/call ratio of DD is 0.69, indicating a bullish outlook.
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The average one-year price target for DuPont de Nemours (NYSE:DD) has been revised to 84.34 / share. Average portfolio weight of all funds dedicated to DD is 0.28%, a decrease of 5.91%. The put/call ratio of DD is 0.69, indicating a bullish outlook.
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8e39cdc8-0069-4d5c-aa06-83c2cf7a3f1d
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715758.0
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2023-08-31 00:00:00 UTC
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October 13th Options Now Available For DuPont (DD)
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DD
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https://www.nasdaq.com/articles/october-13th-options-now-available-for-dupont-dd
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nan
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Investors in DuPont (Symbol: DD) saw new options begin trading today, for the October 13th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new October 13th contracts and identified one put and one call contract of particular interest.
The put contract at the $77.00 strike price has a current bid of $1.60. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $77.00, but will also collect the premium, putting the cost basis of the shares at $75.40 (before broker commissions). To an investor already interested in purchasing shares of DD, that could represent an attractive alternative to paying $77.40/share today.
Because the $77.00 strike represents an approximate 1% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 2.08% return on the cash commitment, or 17.64% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for DuPont, and highlighting in green where the $77.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $78.00 strike price has a current bid of $1.85. If an investor was to purchase shares of DD stock at the current price level of $77.40/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $78.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 3.17% if the stock gets called away at the October 13th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $78.00 strike highlighted in red:
Considering the fact that the $78.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 2.39% boost of extra return to the investor, or 20.29% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $77.40) to be 27%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
Also see:
CHE Price Target
Funds Holding RHTX
Institutional Holders of IEHS
The views and 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 current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $78.00 strike highlighted in red: Considering the fact that the $78.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected.
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The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Below is a chart showing DD's trailing twelve month trading history, with the $78.00 strike highlighted in red: Considering the fact that the $78.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in DuPont (Symbol: DD) saw new options begin trading today, for the October 13th expiration.
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The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Below is a chart showing DD's trailing twelve month trading history, with the $78.00 strike highlighted in red: Considering the fact that the $78.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted).
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At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new October 13th contracts and identified one put and one call contract of particular interest. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Below is a chart showing DD's trailing twelve month trading history, with the $78.00 strike highlighted in red: Considering the fact that the $78.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected.
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bea2f0f7-6da4-497a-bb3f-a57eaaa4c668
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715759.0
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2023-08-31 00:00:00 UTC
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DuPont (DD) Gains on Innovation and Spectrum Plastics Buyout
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DD
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https://www.nasdaq.com/articles/dupont-dd-gains-on-innovation-and-spectrum-plastics-buyout
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nan
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DuPont de Nemours, Inc. DD is expected to benefit from its productivity and pricing actions, innovation-driven investment and the Spectrum Plastics Group acquisition amid headwinds including demand softness in certain areas.
The company’s shares are up 39.4% over a year, compared with the 10.8% rise of its industry.
Image Source: Zacks Investment Research
DuPont, a Zacks Rank #3 (Hold) stock, is seeing sustained strength in water, automotive, aerospace and healthcare markets. It remains focused on driving growth though innovation and new product development. Its innovation-driven investment is focused on several high-growth areas. DD remains committed to drive returns from its R&D investment.
The company recently completed the buyout of leading manufacturer of specialty medical devices and components, Spectrum Plastics Group from AEA Investors for $1.75 billion. The acquired business, with annual sales of around $500 million, has been integrated into the industrial solutions line of business within the Electronics & Industrial segment.
The acquisition strengthens DuPont’s existing position in stable and fast-growing healthcare end-markets. It is also in sync with its focus on high-growth, customer-driven innovation for the healthcare market. The addition of Spectrum is expected to boost revenues in the Electronics & Industrial segment in the third quarter.
DuPont is also benefiting from cost synergy savings and productivity improvement actions. Its structural cost actions are contributing to its bottom line. It also continues to implement strategic price increases in the wake of raw material and energy cost inflation. These actions are likely to support its results in 2023. The company is also managing its portfolio with an aim for value creation. It is divesting non-core assets to focus more on high-growth, high-margin businesses.
However, the company’s water business faces challenges from the slowdown in China. Its water solutions business is expected to see sales moderation in the second half of 2023 due to softer demand in China resulting from the slowdown in the industrial economy.
The softness in construction end-markets is also expected to impact the shelter solutions business within the Water & Protection segment in 2023. Also, customer de-stocking in shelter solutions is expected to continue through the third quarter.
While the company is seeing a recovery in Interconnect Solutions, the business is expected to continue to be impacted by reduced consumer electronics spending in the near term. Interconnect Solutions saw a 15% volume decline in the second quarter due to softer smartphone, personal computing and tablet demand.
DuPont’s move to adjust production rates is also expected to impact its top line and margins. The company is taking actions to reduce production rates in electronics to align inventory with demand. Production rate reductions are expected to be a drag on sales and operating EBITDA in the third quarter of 2023.
DuPont de Nemours, Inc. Price and Consensus
DuPont de Nemours, Inc. price-consensus-chart | DuPont de Nemours, Inc. Quote
Stocks to Consider
Better-ranked stocks worth a look in the basic materials space include Carpenter Technology Corporation CRS, Hawkins, Inc. HWKN and PPG Industries, Inc. PPG.
The Zacks Consensus Estimate for current fiscal-year earnings for CRS is currently pegged at $3.48, implying year-over-year growth of 205.3%. Carpenter Technology currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Carpenter Technology has a trailing four-quarter earnings surprise of roughly 10%, on average. The stock has rallied around 91% in a year.
Hawkins currently carrying a Zacks Rank #1. It has a projected earnings growth rate of 18.9% for the current year.
Hawkins has a trailing four-quarter earnings surprise of roughly 25.6%, on average. HWKN shares are up around 63% in a year.
PPG Industries currently carries a Zacks Rank #2 (Buy). The Zacks Consensus Estimate for PPG's current-year earnings has been revised 3.6% upward over the past 60 days.
PPG Industries’ earnings beat the Zacks Consensus Estimate in three of the last four quarters. It has a trailing four-quarter earnings surprise of roughly 7.3%, on average. PPG shares have gained around 14% in a year.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2023. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
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
PPG Industries, Inc. (PPG) : Free Stock Analysis Report
DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report
Carpenter Technology Corporation (CRS) : Free Stock Analysis Report
Hawkins, Inc. (HWKN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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DuPont de Nemours, Inc. DD is expected to benefit from its productivity and pricing actions, innovation-driven investment and the Spectrum Plastics Group acquisition amid headwinds including demand softness in certain areas. DD remains committed to drive returns from its R&D investment. The addition of Spectrum is expected to boost revenues in the Electronics & Industrial segment in the third quarter.
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DuPont de Nemours, Inc. DD is expected to benefit from its productivity and pricing actions, innovation-driven investment and the Spectrum Plastics Group acquisition amid headwinds including demand softness in certain areas. Click to get this free report PPG Industries, Inc. (PPG) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Carpenter Technology Corporation (CRS) : Free Stock Analysis Report Hawkins, Inc. (HWKN) : Free Stock Analysis Report To read this article on Zacks.com click here. DD remains committed to drive returns from its R&D investment.
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Click to get this free report PPG Industries, Inc. (PPG) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Carpenter Technology Corporation (CRS) : Free Stock Analysis Report Hawkins, Inc. (HWKN) : Free Stock Analysis Report To read this article on Zacks.com click here. DuPont de Nemours, Inc. DD is expected to benefit from its productivity and pricing actions, innovation-driven investment and the Spectrum Plastics Group acquisition amid headwinds including demand softness in certain areas. DD remains committed to drive returns from its R&D investment.
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DuPont de Nemours, Inc. DD is expected to benefit from its productivity and pricing actions, innovation-driven investment and the Spectrum Plastics Group acquisition amid headwinds including demand softness in certain areas. DD remains committed to drive returns from its R&D investment. The addition of Spectrum is expected to boost revenues in the Electronics & Industrial segment in the third quarter.
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afc72f55-23ad-43c8-b592-0c80bd4c2209
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715760.0
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2023-08-24 00:00:00 UTC
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Guru Fundamental Report for DD
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DD
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https://www.nasdaq.com/articles/guru-fundamental-report-for-dd-10
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nan
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nan
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Below is Validea's guru fundamental report for DUPONT DE NEMOURS INC (DD). Of the 22 guru strategies we follow, DD rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. This multi-factor model seeks low volatility stocks that also have strong momentum and high net payout yields.
DUPONT DE NEMOURS INC (DD) is a large-cap growth stock in the Biotechnology & Drugs industry. The rating using this strategy 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.
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.
MARKET CAP: PASS
STANDARD DEVIATION: PASS
TWELVE MINUS ONE MOMENTUM: NEUTRAL
NET PAYOUT YIELD: NEUTRAL
FINAL RANK: PASS
Detailed Analysis of DUPONT DE NEMOURS INC
DD Guru Analysis
DD Fundamental Analysis
More Information on Pim van Vliet
Pim van Vliet Portfolio
About Pim van Vliet: In investing, you typically need to take more risk to get more return. There is one major exception to this in the factor investing world, though. Low volatility stocks have been proven to outperform their high volatility counterparts, and do so with less risk. Pim van Vliet is the head of Conservative Equities at Robeco Asset Management. His research into conservative factor investing led to the creation of this strategy and the publication of the book "High Returns From Low Risk: A Remarkable Stock Market Paradox". Van Vliet holds a PhD in Financial and Business Economics from Erasmus University Rotterdam.
Additional Research Links
Top Healthcare Stocks
Dividend Aristocrats2023
Wide Moat Stocks2023
High Insider Ownership Stocks
Factor-Based Stock Portfolios
Excess Returns Investing Podcast
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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Below is Validea's guru fundamental report for DUPONT DE NEMOURS INC (DD). Of the 22 guru strategies we follow, DD rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. DUPONT DE NEMOURS INC (DD) is a large-cap growth stock in the Biotechnology & Drugs industry.
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Of the 22 guru strategies we follow, DD rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. Detailed Analysis of DUPONT DE NEMOURS INC DD Guru Analysis DD Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return. Below is Validea's guru fundamental report for DUPONT DE NEMOURS INC (DD).
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Of the 22 guru strategies we follow, DD rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. Detailed Analysis of DUPONT DE NEMOURS INC DD Guru Analysis DD Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return. Additional Research Links Top Healthcare Stocks Dividend Aristocrats2023 Wide Moat Stocks2023 High Insider Ownership Stocks Factor-Based Stock Portfolios Excess Returns Investing Podcast About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends.
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Of the 22 guru strategies we follow, DD rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. Detailed Analysis of DUPONT DE NEMOURS INC DD Guru Analysis DD Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return. Below is Validea's guru fundamental report for DUPONT DE NEMOURS INC (DD).
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b1737247-6282-4d93-904a-75be2486a363
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715761.0
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2023-08-22 00:00:00 UTC
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DuPont (DD) to Divest 80% Stake in Delrin for $1.8 Billion
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DD
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https://www.nasdaq.com/articles/dupont-dd-to-divest-80-stake-in-delrin-for-%241.8-billion
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DuPont de Nemours, Inc. DD announced a definitive deal to sell an 80.1% controlling interest in the Delrin acetal homopolymer business to TJC LP for $1.8 billion. TJC has received fully committed funding for the transaction, which is expected to close around the end of 2023, subject to usual closing conditions and regulatory approval.
DuPont will receive $1.25 billion in pre-tax cash proceeds, subject to standard transaction adjustments, a $350 million note receivable, and a 19.9% non-controlling common equity stake in the Delrin business at the transaction conclusion.
This transaction is intended to maximize value for DuPont shareholders by providing significant cash proceeds at close, to be deployed per DuPont's strategic priorities, while also allowing DuPont to participate in future upside potential upon exit of retained equity interest in the Delrin business, the company noted.
Shares of DD have gained 26% over the past year compared with the 0.1% rise of its industry.
Image Source: Zacks Investment Research
The company, on its second-quarter call, stated that it now expects net sales for 2023 to be in the range of $12,450-$12,550 million. Adjusted earnings per share for 2023 are forecast to be $3.40-$3.50. For third-quarter 2023, the company sees net sales of roughly $3,150 million. Adjusted earnings per share for the quarter are projected at roughly 84 cents.
The Electronics & Industrial segment is expected to see a 10% organic decline in revenues compared to the previous year. However, the addition of Spectrum is set to boost reported revenues starting from Aug 1. Overall, full-year revenues are projected to decrease approximately 10% organically, primarily due to lower volumes and production adjustments.
For the Water & Protection unit, a mid-single-digit decline in revenues on an organic basis is expected compared to the previous year, as the benefit from carryover pricing ends. Despite this, Water Solutions is forecast to achieve mid-single-digit organic growth for the full year, though it may face some weakness in the second half due to softer demand in China.
On the other hand, Safety Solutions is projected to experience steady demand throughout 2023, driven by growth in the aerospace, automotive and healthcare sectors. Meanwhile, the construction end markets are expected to remain weak throughout the year, with the impact of destocking reducing in the second half.
DuPont de Nemours, Inc. Price and Consensus
DuPont de Nemours, Inc. price-consensus-chart | DuPont de Nemours, Inc. Quote
Zacks Rank & Key Picks
DuPont currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the basic materials space are Carpenter Technology Corporation CRS, Denison Mine Corp. DNN and Veritiv Corporation VRTV.
Carpenter Technology currently sports a Zacks Rank #1 (Strong Buy). CRS shares have rallied 58.3% in the past year. CRS beat the Zacks Consensus Estimate in three of the last four quarters and matched once. It delivered a trailing four-quarter earnings surprise of 9.8%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.
Denison Mines currently sports a Zacks Rank #1. Denison Mines shares have gained 34.9% in the past year. DNN beat the Zacks Consensus Estimate in three of the last four quarters and met once. It delivered a trailing four-quarter earnings surprise of 75%, on average.
Veritiv currently carries a Zacks Rank #2 (Buy). Veritiv shares have rallied 24.2% in the past year. VRTV beat the Zacks Consensus Estimate in three of the last four quarters. It delivered a trailing four-quarter earnings surprise of 6%, on average.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report
Carpenter Technology Corporation (CRS) : Free Stock Analysis Report
Denison Mine Corp (DNN) : Free Stock Analysis Report
Veritiv Corporation (VRTV) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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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DuPont de Nemours, Inc. DD announced a definitive deal to sell an 80.1% controlling interest in the Delrin acetal homopolymer business to TJC LP for $1.8 billion. Shares of DD have gained 26% over the past year compared with the 0.1% rise of its industry. However, the addition of Spectrum is set to boost reported revenues starting from Aug 1.
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Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Carpenter Technology Corporation (CRS) : Free Stock Analysis Report Denison Mine Corp (DNN) : Free Stock Analysis Report Veritiv Corporation (VRTV) : Free Stock Analysis Report To read this article on Zacks.com click here. DuPont de Nemours, Inc. DD announced a definitive deal to sell an 80.1% controlling interest in the Delrin acetal homopolymer business to TJC LP for $1.8 billion. Shares of DD have gained 26% over the past year compared with the 0.1% rise of its industry.
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Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Carpenter Technology Corporation (CRS) : Free Stock Analysis Report Denison Mine Corp (DNN) : Free Stock Analysis Report Veritiv Corporation (VRTV) : Free Stock Analysis Report To read this article on Zacks.com click here. DuPont de Nemours, Inc. DD announced a definitive deal to sell an 80.1% controlling interest in the Delrin acetal homopolymer business to TJC LP for $1.8 billion. Shares of DD have gained 26% over the past year compared with the 0.1% rise of its industry.
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DuPont de Nemours, Inc. DD announced a definitive deal to sell an 80.1% controlling interest in the Delrin acetal homopolymer business to TJC LP for $1.8 billion. Shares of DD have gained 26% over the past year compared with the 0.1% rise of its industry. However, the addition of Spectrum is set to boost reported revenues starting from Aug 1.
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88fad7ab-a25e-4a65-bcb1-271be080d620
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715762.0
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2023-08-22 00:00:00 UTC
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Zacks Industry Outlook Highlights Air Products and Chemicals, DuPont de Nemours and Albemarle
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DD
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https://www.nasdaq.com/articles/zacks-industry-outlook-highlights-air-products-and-chemicals-dupont-de-nemours-and
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For Immediate Release
Chicago, IL – August 22, 2023 – Today, Zacks Equity Research discusses Air Products and Chemicals, Inc. APD, DuPont de Nemours, Inc. DD and Albemarle Corp. ALB.
Industry: Chemicals
Link: https://www.zacks.com/commentary/2138478/3-diversified-chemical-stocks-to-watch-amid-demand-woes
The Zacks Chemicals Diversified industry is grappling with a slowdown in demand in certain markets and consumer inventory destocking. Lower consumer spending due to inflationary pressures in Europe and a slow recovery in China are impacting demand.
Industry players like Air Products and Chemicals, Inc., DuPont de Nemours, Inc. and Albemarle Corp. are banking on strategic measures, including operating cost reductions and aggressive price hikes to tide over the challenging environment.
About the Industry
The Zacks Chemicals Diversified industry consists of manufacturers of basic chemicals, plastics, specialty chemicals and agricultural chemicals. Companies in this space serve a host of end markets, such as automotive, building & construction, transportation, electronics, aerospace and agriculture.
Basic chemicals are produced in large quantities, and include petrochemicals and intermediates (such as ethylene, propylene and benzene), polymers (including plastic resins such as polyethylene, polypropylene and polyvinyl chloride), and inorganic chemicals (such as chlorine, caustic soda and titanium dioxide). Specialty chemicals that include catalysts, specialty polymers and coating additives are used in specific fields based on their performance. Agricultural chemicals include herbicides, fungicides and insecticides that are used to protect crops from disease, pests and weeds.
What's Shaping the Future of the Chemicals Diversified Industry?
Demand Headwinds From End-market Weakness: Companies in the chemical-diversified space are facing headwinds from a slowdown in certain key markets. The sluggishness in the building & construction market and the destocking in consumer electronics are key concerns. In North America, uncertainties surrounding the U.S. housing market are weighing on building & construction. Softer demand in industrial and consumer durables is hurting chemical volumes. Weaker global economic activities have led to a higher level of uncertainties, which may affect chemical volumes over the near term.
Slowdown in Europe and China a Worry: A slower recovery in economic activities in China following the lifting of the restrictions related to the resurgence in COVID-19 infections is hurting chemical demand in that country. Global industrial activities have been affected by the weaker demand recovery in China.
The slowdown in Europe resulting from the war in Ukraine and weaker consumer spending due to high levels of inflation has also led to softer demand in that region. The energy and feedstock inflation has resulted in reduced industrial production and consumer spending in Europe. The ongoing weakness in these key regions is likely to impact demand for chemicals over the short haul.
Strategic Actions to Aid Results: The companies in this space are taking a host of strategic measures, including cost-cutting and productivity improvement, operational efficiency improvement and actions to strengthen the balance sheet and boost cash flows. In particular, the industry participants are aggressively implementing actions to bring down costs. These include the reduction of discretionary spending. The industry players are also raising selling prices to counter raw material and logistics cost inflation. Such moves are likely to help the industry sustain margins amid the prevailing challenges.
Zacks Industry Rank Indicates Bleak Prospects
The Zacks Chemicals Diversified industry is part of the broader Zacks Basic Materials sector. It carries a Zacks Industry Rank #239, which places it at the bottom 3% of more than 250 Zacks industries.
The group's Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates gloomy near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1.
Before we present a few stocks that you may want to consider for your portfolio, let's take a look at the industry's recent stock-market performance and valuation picture.
Industry Underperforms Sector & S&P 500
The Zacks Chemicals Diversified industry has underperformed both the Zacks S&P 500 composite and the broader Zacks Basic Materials sector over the past year.
The industry has gained 1.7% over this period compared with the S&P 500's rise of 6% and the broader sector's increase of 5.4%.
Industry's Current Valuation
On the basis of the trailing 12-month enterprise value-to-EBITDA (EV/EBITDA) ratio, which is a commonly used multiple for valuing chemical stocks, the industry is currently trading at 10.06X, below the S&P 500's 13.07X and above the sector's 9.44X.
Over the past five years, the industry has traded as high as 13.15X, as low as 5.33X and at the median of 7.88.
3 Chemicals Diversified Stocks to Keep a Close Eye On
Air Products: Based in Pennsylvania, Air Products is a leading industrial gases company. It is benefiting from investments in high-return projects, new business deals, acquisitions and productivity initiatives. It remains committed to its gasification strategy and is executing its growth projects. These projects are expected to be accretive to earnings and cash flows.
Air Products is also boosting productivity to improve its cost structure. APD is seeing the positive impacts of its productivity actions. Benefits from additional productivity and cost improvement programs are likely to support its margins. Air Products has also been benefiting from higher pricing. Higher merchant demand is also driving its volumes.
Air Products, a Zacks Rank #3 (Hold) stock, has expected earnings growth of 10.2% for the current fiscal year. APD beat the Zacks Consensus Estimate in three of the trailing four quarters. In this time frame, it has delivered an average earnings surprise of roughly 1.8%. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
DuPont: Delaware-based DuPont provides technology-based materials and solutions to markets including electronics, transportation, construction and water. DuPont is gaining from healthy underlying demand in several end markets, including water and general industrial. The company is also expected to gain from its productivity and pricing actions. It continues to implement strategic price increases to offset raw material and energy cost inflation. These actions are likely to support its margins.
Moreover, DD remains focused on driving growth through innovation and new product development. Its innovation-driven investment is focused on several high-growth areas. It remains committed to driving returns from its R&D investment.
DuPont, carrying a Zacks Rank #3, has a projected earnings growth rate of around 1.2% for the current year. DD also beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 5%.
Albemarle: North Carolina-based Albemarle is a premier specialty chemicals company with leading positions in attractive end markets globally. The company is well-placed to gain from long-term growth in the battery-grade lithium market. It is benefiting from higher volumes in its lithium business. Healthy customer orders and plant productivity improvements are supporting volumes.
ALB is also strategically executing its projects aimed at boosting its global lithium derivative capacity. It remains focused on investing in high-return projects to drive productivity. Albemarle is also benefiting from cost-saving and productivity initiatives.
Albemarle, currently carrying a Zacks Rank #3, has expected earnings growth of 19.7% for the current year. ALB has also surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average being 33%.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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
Air Products and Chemicals, Inc. (APD) : Free Stock Analysis Report
DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report
Albemarle Corporation (ALB) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For Immediate Release Chicago, IL – August 22, 2023 – Today, Zacks Equity Research discusses Air Products and Chemicals, Inc. APD, DuPont de Nemours, Inc. DD and Albemarle Corp. ALB. Specialty chemicals that include catalysts, specialty polymers and coating additives are used in specific fields based on their performance. Benefits from additional productivity and cost improvement programs are likely to support its margins.
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Click to get this free report Air Products and Chemicals, Inc. (APD) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Albemarle Corporation (ALB) : Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL – August 22, 2023 – Today, Zacks Equity Research discusses Air Products and Chemicals, Inc. APD, DuPont de Nemours, Inc. DD and Albemarle Corp. ALB. Specialty chemicals that include catalysts, specialty polymers and coating additives are used in specific fields based on their performance.
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For Immediate Release Chicago, IL – August 22, 2023 – Today, Zacks Equity Research discusses Air Products and Chemicals, Inc. APD, DuPont de Nemours, Inc. DD and Albemarle Corp. ALB. Specialty chemicals that include catalysts, specialty polymers and coating additives are used in specific fields based on their performance. Benefits from additional productivity and cost improvement programs are likely to support its margins.
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For Immediate Release Chicago, IL – August 22, 2023 – Today, Zacks Equity Research discusses Air Products and Chemicals, Inc. APD, DuPont de Nemours, Inc. DD and Albemarle Corp. ALB. Specialty chemicals that include catalysts, specialty polymers and coating additives are used in specific fields based on their performance. Benefits from additional productivity and cost improvement programs are likely to support its margins.
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36398637-4e13-45ed-90f1-9afb5955f294
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715763.0
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2023-08-21 00:00:00 UTC
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Notable Monday Option Activity: MDT, AI, DD
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DD
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https://www.nasdaq.com/articles/notable-monday-option-activity%3A-mdt-ai-dd
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Medtronic PLC (Symbol: MDT), where a total of 20,938 contracts have traded so far, representing approximately 2.1 million underlying shares. That amounts to about 46.3% of MDT's average daily trading volume over the past month of 4.5 million shares. Particularly high volume was seen for the $95 strike call option expiring October 20, 2023, with 1,541 contracts trading so far today, representing approximately 154,100 underlying shares of MDT. Below is a chart showing MDT's trailing twelve month trading history, with the $95 strike highlighted in orange:
C3.ai Inc (Symbol: AI) options are showing a volume of 73,530 contracts thus far today. That number of contracts represents approximately 7.4 million underlying shares, working out to a sizeable 45.8% of AI's average daily trading volume over the past month, of 16.1 million shares. Especially high volume was seen for the $35 strike call option expiring October 20, 2023, with 6,182 contracts trading so far today, representing approximately 618,200 underlying shares of AI. Below is a chart showing AI's trailing twelve month trading history, with the $35 strike highlighted in orange:
And DuPont (Symbol: DD) options are showing a volume of 12,088 contracts thus far today. That number of contracts represents approximately 1.2 million underlying shares, working out to a sizeable 45% of DD's average daily trading volume over the past month, of 2.7 million shares. Especially high volume was seen for the $77 strike call option expiring August 25, 2023, with 4,596 contracts trading so far today, representing approximately 459,600 underlying shares of DD. Below is a chart showing DD's trailing twelve month trading history, with the $77 strike highlighted in orange:
For the various different available expirations for MDT options, AI options, or DD options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Top Ten Hedge Funds Holding BDGS
Funds Holding CLYH
Top 10 Hedge Funds Holding NVIDIA
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $77 strike call option expiring August 25, 2023, with 4,596 contracts trading so far today, representing approximately 459,600 underlying shares of DD. Below is a chart showing AI's trailing twelve month trading history, with the $35 strike highlighted in orange: And DuPont (Symbol: DD) options are showing a volume of 12,088 contracts thus far today. That number of contracts represents approximately 1.2 million underlying shares, working out to a sizeable 45% of DD's average daily trading volume over the past month, of 2.7 million shares.
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That number of contracts represents approximately 1.2 million underlying shares, working out to a sizeable 45% of DD's average daily trading volume over the past month, of 2.7 million shares. Below is a chart showing AI's trailing twelve month trading history, with the $35 strike highlighted in orange: And DuPont (Symbol: DD) options are showing a volume of 12,088 contracts thus far today. Especially high volume was seen for the $77 strike call option expiring August 25, 2023, with 4,596 contracts trading so far today, representing approximately 459,600 underlying shares of DD.
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That number of contracts represents approximately 1.2 million underlying shares, working out to a sizeable 45% of DD's average daily trading volume over the past month, of 2.7 million shares. Below is a chart showing AI's trailing twelve month trading history, with the $35 strike highlighted in orange: And DuPont (Symbol: DD) options are showing a volume of 12,088 contracts thus far today. Especially high volume was seen for the $77 strike call option expiring August 25, 2023, with 4,596 contracts trading so far today, representing approximately 459,600 underlying shares of DD.
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That number of contracts represents approximately 1.2 million underlying shares, working out to a sizeable 45% of DD's average daily trading volume over the past month, of 2.7 million shares. Below is a chart showing DD's trailing twelve month trading history, with the $77 strike highlighted in orange: For the various different available expirations for MDT options, AI options, or DD options, visit StockOptionsChannel.com. Below is a chart showing AI's trailing twelve month trading history, with the $35 strike highlighted in orange: And DuPont (Symbol: DD) options are showing a volume of 12,088 contracts thus far today.
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d886fc4d-602b-4af8-8d05-3a7c517de6da
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715764.0
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2023-08-21 00:00:00 UTC
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DuPont To Divest Around 80% Ownership In Delrin To TJC
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DD
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https://www.nasdaq.com/articles/dupont-to-divest-around-80-ownership-in-delrin-to-tjc
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nan
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(RTTNews) - DuPont de Nemours, Inc. (DD), a technology-based materials and solutions provider, on Monday announced a definitive agreement to sell 80.1 percent of its stake in Delrin acetal homopolymer business to TJC LP, a private equity firm.
The transaction values the Delrin business at $1.8 billion.
The transaction is expected to close around the year end, subject to customary closing conditions and regulatory approval.
Upon closing of the deal, DuPont will receive pre-tax cash proceeds of approximately $1.25 billion, a note receivable of $350 million and will own 19.9% non-controlling common equity interest in the Delrin business.
Delrin business will continue to be presented as discontinued operations in DuPont's financial statements through transaction closing.
"Today's announcement largely completes our planned exit of the former M&M segment, advancing our position as a premier multi-industrial company," said Ed Breen, DuPont Executive Chairman and Chief Executive Officer.
TJC has received fully committed financing in regard to the deal.
Goldman Sachs is DuPont's financial advisor Skadden, Arps, Slate, Meagher & Flom LLP is their legal counsel. Citi is the financial advisor for TJC and Kirkland & Ellis LLP is its legal counsel.
In pre-market activity, shares of DuPont are trading at $76.23 up 1.10% on the New York Stock exchange.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - DuPont de Nemours, Inc. (DD), a technology-based materials and solutions provider, on Monday announced a definitive agreement to sell 80.1 percent of its stake in Delrin acetal homopolymer business to TJC LP, a private equity firm. Goldman Sachs is DuPont's financial advisor Skadden, Arps, Slate, Meagher & Flom LLP is their legal counsel. Delrin business will continue to be presented as discontinued operations in DuPont's financial statements through transaction closing.
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Goldman Sachs is DuPont's financial advisor Skadden, Arps, Slate, Meagher & Flom LLP is their legal counsel. (RTTNews) - DuPont de Nemours, Inc. (DD), a technology-based materials and solutions provider, on Monday announced a definitive agreement to sell 80.1 percent of its stake in Delrin acetal homopolymer business to TJC LP, a private equity firm. Delrin business will continue to be presented as discontinued operations in DuPont's financial statements through transaction closing.
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(RTTNews) - DuPont de Nemours, Inc. (DD), a technology-based materials and solutions provider, on Monday announced a definitive agreement to sell 80.1 percent of its stake in Delrin acetal homopolymer business to TJC LP, a private equity firm. Goldman Sachs is DuPont's financial advisor Skadden, Arps, Slate, Meagher & Flom LLP is their legal counsel. Upon closing of the deal, DuPont will receive pre-tax cash proceeds of approximately $1.25 billion, a note receivable of $350 million and will own 19.9% non-controlling common equity interest in the Delrin business.
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(RTTNews) - DuPont de Nemours, Inc. (DD), a technology-based materials and solutions provider, on Monday announced a definitive agreement to sell 80.1 percent of its stake in Delrin acetal homopolymer business to TJC LP, a private equity firm. Goldman Sachs is DuPont's financial advisor Skadden, Arps, Slate, Meagher & Flom LLP is their legal counsel. Upon closing of the deal, DuPont will receive pre-tax cash proceeds of approximately $1.25 billion, a note receivable of $350 million and will own 19.9% non-controlling common equity interest in the Delrin business.
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89a17f12-900b-4b6c-b51b-371bf7efe81d
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715765.0
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2023-08-21 00:00:00 UTC
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3 Diversified Chemical Stocks to Watch Amid Demand Woes
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DD
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https://www.nasdaq.com/articles/3-diversified-chemical-stocks-to-watch-amid-demand-woes
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nan
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nan
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The Zacks Chemicals Diversified industry is grappling with a slowdown in demand in certain markets and consumer inventory destocking. Lower consumer spending due to inflationary pressures in Europe and a slow recovery in China are impacting demand.
Industry players like Air Products and Chemicals, Inc. APD, DuPont de Nemours, Inc. DD and Albemarle Corporation ALB are banking on strategic measures, including operating cost reductions and aggressive price hikes to tide over the challenging environment.
About the Industry
The Zacks Chemicals Diversified industry consists of manufacturers of basic chemicals, plastics, specialty chemicals and agricultural chemicals. Companies in this space serve a host of end markets, such as automotive, building & construction, transportation, electronics, aerospace and agriculture. Basic chemicals are produced in large quantities, and include petrochemicals and intermediates (such as ethylene, propylene and benzene), polymers (including plastic resins such as polyethylene, polypropylene and polyvinyl chloride), and inorganic chemicals (such as chlorine, caustic soda and titanium dioxide). Specialty chemicals that include catalysts, specialty polymers and coating additives are used in specific fields based on their performance. Agricultural chemicals include herbicides, fungicides and insecticides that are used to protect crops from disease, pests and weeds.
What's Shaping the Future of the Chemicals Diversified Industry?
Demand Headwinds From End-market Weakness: Companies in the chemical-diversified space are facing headwinds from a slowdown in certain key markets. The sluggishness in the building & construction market and the destocking in consumer electronics are key concerns. In North America, uncertainties surrounding the U.S. housing market are weighing on building & construction. Softer demand in industrial and consumer durables is hurting chemical volumes. Weaker global economic activities have led to a higher level of uncertainties, which may affect chemical volumes over the near term.
Slowdown in Europe and China a Worry: A slower recovery in economic activities in China following the lifting of the restrictions related to the resurgence in COVID-19 infections is hurting chemical demand in that country. Global industrial activities have been affected by the weaker demand recovery in China. The slowdown in Europe resulting from the war in Ukraine and weaker consumer spending due to high levels of inflation has also led to softer demand in that region. The energy and feedstock inflation has resulted in reduced industrial production and consumer spending in Europe. The ongoing weakness in these key regions is likely to impact demand for chemicals over the short haul.
Strategic Actions to Aid Results: The companies in this space are taking a host of strategic measures, including cost-cutting and productivity improvement, operational efficiency improvement and actions to strengthen the balance sheet and boost cash flows. In particular, the industry participants are aggressively implementing actions to bring down costs. These include the reduction of discretionary spending. The industry players are also raising selling prices to counter raw material and logistics cost inflation. Such moves are likely to help the industry sustain margins amid the prevailing challenges.
Zacks Industry Rank Indicates Bleak Prospects
The Zacks Chemicals Diversified industry is part of the broader Zacks Basic Materials sector. It carries a Zacks Industry Rank #239, which places it at the bottom 3% of more than 250 Zacks industries.
The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates gloomy near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1.
Before we present a few stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock-market performance and valuation picture.
Industry Underperforms Sector & S&P 500
The Zacks Chemicals Diversified industry has underperformed both the Zacks S&P 500 composite and the broader Zacks Basic Materials sector over the past year.
The industry has gained 1.7% over this period compared with the S&P 500’s rise of 6% and the broader sector’s increase of 5.4%.
One-Year Price Performance
Industry's Current Valuation
On the basis of the trailing 12-month enterprise value-to-EBITDA (EV/EBITDA) ratio, which is a commonly used multiple for valuing chemical stocks, the industry is currently trading at 10.06X, below the S&P 500’s 13.07X and above the sector’s 9.44X.
Over the past five years, the industry has traded as high as 13.15X, as low as 5.33X and at the median of 7.88, as the chart below shows.
Enterprise Value/EBITDA (EV/EBITDA) Ratio
Enterprise Value/EBITDA (EV/EBITDA) Ratio
3 Chemicals Diversified Stocks to Keep a Close Eye on
Air Products: Based in Pennsylvania, Air Products is a leading industrial gases company. It is benefiting from investments in high-return projects, new business deals, acquisitions and productivity initiatives. It remains committed to its gasification strategy and is executing its growth projects. These projects are expected to be accretive to earnings and cash flows.
Air Products is also boosting productivity to improve its cost structure. APD is seeing the positive impacts of its productivity actions. Benefits from additional productivity and cost improvement programs are likely to support its margins. Air Products has also been benefiting from higher pricing. Higher merchant demand is also driving its volumes.
Air Products, a Zacks Rank #3 (Hold) stock, has expected earnings growth of 10.2% for the current fiscal year. APD beat the Zacks Consensus Estimate in three of the trailing four quarters. In this time frame, it has delivered an average earnings surprise of roughly 1.8%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Price and Consensus: APD
DuPont: Delaware-based DuPont provides technology-based materials and solutions to markets including electronics, transportation, construction and water. DuPont is gaining from healthy underlying demand in several end markets, including water and general industrial. The company is also expected to gain from its productivity and pricing actions. It continues to implement strategic price increases to offset raw material and energy cost inflation. These actions are likely to support its margins.
Moreover, DD remains focused on driving growth through innovation and new product development. Its innovation-driven investment is focused on several high-growth areas. It remains committed to driving returns from its R&D investment.
DuPont, carrying a Zacks Rank #3, has a projected earnings growth rate of around 1.2% for the current year. DD also beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 5%.
Price and Consensus: DD
Albemarle: North Carolina-based Albemarle is a premier specialty chemicals company with leading positions in attractive end markets globally. The company is well-placed to gain from long-term growth in the battery-grade lithium market. It is benefiting from higher volumes in its lithium business. Healthy customer orders and plant productivity improvements are supporting volumes.
ALB is also strategically executing its projects aimed at boosting its global lithium derivative capacity. It remains focused on investing in high-return projects to drive productivity. Albemarle is also benefiting from cost-saving and productivity initiatives.
Albemarle, currently carrying a Zacks Rank #3, has expected earnings growth of 19.7% for the current year. ALB has also surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average being 33%.
Price and Consensus: ALB
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2023. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
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
Air Products and Chemicals, Inc. (APD) : Free Stock Analysis Report
DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report
Albemarle Corporation (ALB) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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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Industry players like Air Products and Chemicals, Inc. APD, DuPont de Nemours, Inc. DD and Albemarle Corporation ALB are banking on strategic measures, including operating cost reductions and aggressive price hikes to tide over the challenging environment. Specialty chemicals that include catalysts, specialty polymers and coating additives are used in specific fields based on their performance. Benefits from additional productivity and cost improvement programs are likely to support its margins.
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Industry players like Air Products and Chemicals, Inc. APD, DuPont de Nemours, Inc. DD and Albemarle Corporation ALB are banking on strategic measures, including operating cost reductions and aggressive price hikes to tide over the challenging environment. Price and Consensus: DD Albemarle: North Carolina-based Albemarle is a premier specialty chemicals company with leading positions in attractive end markets globally. Click to get this free report Air Products and Chemicals, Inc. (APD) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Albemarle Corporation (ALB) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Industry players like Air Products and Chemicals, Inc. APD, DuPont de Nemours, Inc. DD and Albemarle Corporation ALB are banking on strategic measures, including operating cost reductions and aggressive price hikes to tide over the challenging environment. Specialty chemicals that include catalysts, specialty polymers and coating additives are used in specific fields based on their performance. Benefits from additional productivity and cost improvement programs are likely to support its margins.
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Industry players like Air Products and Chemicals, Inc. APD, DuPont de Nemours, Inc. DD and Albemarle Corporation ALB are banking on strategic measures, including operating cost reductions and aggressive price hikes to tide over the challenging environment. Specialty chemicals that include catalysts, specialty polymers and coating additives are used in specific fields based on their performance. Benefits from additional productivity and cost improvement programs are likely to support its margins.
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715766.0
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2023-08-21 00:00:00 UTC
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Daily Markets: Traders Keep an Eye on China
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DD
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https://www.nasdaq.com/articles/daily-markets-traders-keep-an-eye-on-china
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Today’s Big Picture
Asia-Pacific equity markets finished the day mixed. India’s SENSEX led the region, gaining 0.41% on Technology, and Financial strength, Japan’s Nikkei rose 0.37%, South Korea’s KOSPI advanced 0.17%, and Taiwan’s TAIEX closed the day flat, picking up a mere 0.18 index points. Australia’s ASX All Ordinaries declined 0.41%, China’s Shanghai Composite fell 1.24%, and Hong Kong’s Hang Seng closed 1.82% lower in a broad decline led by Transportation, and Producer Manufacturing names.
European markets are up in midday trading and U.S. equity futures point to a positive open.
As we begin to wind down August, questions of a “hard” or “soft” landing seem to be fading into a distant memory. Consumer and producer price inflation aren’t throwing up any major red flags and current GDP estimates are calling for growth we haven’t seen since early 2022. Despite this aggressive growth forecast, Fed Funds futures aren’t pricing in any cuts until the beginning of Q2 in 2024. Near-term, both markets and the Fed remain data-dependent although markets have been starting to pay attention to property credit issues in China. Markets have spent the past three weeks rolling over with Technology leading the way. Friday saw a break of sorts in this short-term trend. “Buy the dip” seems to be passé at this point and our expectation is that even though the stock market is oversold, it may struggle somewhat to resume its 1H rally.
Data Download
Producer prices in Germany declined by 6.0% YoY in July, the first drop since November 2020. The fall was largely due to the 19.3% tumble in energy prices, which included electricity prices dropping 30.0%. On a monthly basis, producer prices fell 1.1% in July, the third straight month of drop and the steepest pace in the sequence.
Domestic Economy
This week starts off relatively slowly from an economic data perspective. Markets are still absorbing the latest Q3 GDP forecast from the Atlanta Fed which puts a 5.8% pace on growth. This week will see more PMI, Existing Homes Sales, and Employments updates, as well as scheduled comments from Fed Governor Michelle Bowman.
Markets
Equities shrugged off some of the week’s pessimism as the Russell 2000 gained 0.51% and the Dow and S&P 500 ended the day close to flat, up 0.07% and down 0.01%, respectively. The Nasdaq Composite declined 0.20% as Meta Platforms (META) and Alphabet (GOOG, GOOGL) accounted for just over 100% of Communications Services’ 0.60% decline and playing into the indexes results. Overall, sectors were somewhat muted except for Energy, which was up 0.99%. Utilities and Consumer Staples followed, advancing 0.52% and 0.37%. In individual names, Ross Stores (ROST) gained 5.01% after the company posted a strong quarter and positive guidance which led various research firms to raise price targets.
Here’s how the major market indicators stack up year-to-date:
Dow Jones Industrial Average: 4.08%
S&P 500: 13.81%
Nasdaq Composite: 26.98%
Russell 2000: 5.57%
Bitcoin (BTC-USD): 56.92%
Ether (ETH-USD): 38.56%
Stocks to Watch
No market-moving earnings announcements are scheduled before today’s equity markets open.
Palo Alto Networks (PANW) announced quarterly earnings with revenues coming in at $1.95 billion, just under estimates of $1.95 billion. The company provided quarter-ahead EPS guidance of $1.15 - $1.17 as compared to the consensus of $1.11 and revenues of $1.82 - $1.85 billion, below the $1.93 billion estimate. CFO Dipak Golechha stated "Our top-line strength showed through in our remaining performance obligation and next-generation security ARR. Our billings this quarter didn't fully capture that strength. We continue to make great progress in our financial transformation."
XPeng (XPEV) reported another quarter of EPS losses despite deliveries coming in line with estimates. The company mentioned that Tesla’s (TSLA) price cuts were not having any impact on demand for their G6 model and that Volkswagen’s $700 million investment in the development of two Eurovan RV vehicles. Management stated they expect the company to become cash flow positive in the back half of the year.
Madison Square Gardens Entertainment Corp (MSGE) reported $147.9 million in revenues, beating estimates of $140 million for the quarter. While EPS came in at a $0.47 per share loss, it exceeded estimates of -$0.63. The company offered improved guidance for 2024 of revenues ranging from $900 - $930 million, exceeding both the top and bottom ranges for previous estimates.
Shares of Napco Security (NSSC) are under pressure following the company sharing its first three quarters of Fiscal 2023 will have their financials restated due to cost accounting error. Napco also reported preliminary quarterly results that fell short of top-line consensus expectations.
The battle for social media continues as Meta Platform’s (META) Facebook looks to launch a web-based version of its Threads platform to extend its reach against privately held X, formerly known as Twitter.
The UK’s Competition and Markets Authority has cleared Broadcom’s (AVGO) deal to acquire VMware (VMW).
Reports indicated Dupont (DD) is in advanced talks to sell its Delrin resins unit to the private equity firm, The Jordan Company, for around $1.8 billion.
IPOs
Near-term the calendar for such activity looks rather thin. Readers looking to dig deeper into the upcoming IPO calendar should visit Nasdaq’s Latest & Upcoming IPOs page.
After Today’s Market Close
Zoom Video Communications (ZM), Nordson Corporation (NDSN), and Fabrinet (FN) are slated to report quarterly results after equities stop trading. Those looking for more on upcoming quarterly earnings reports should head on over to Nasdaq’s Earnings Calendar.
On the Horizon
Tuesday, August 22
UK: CBI Industrial Trends Orders - August
US: Existing Home Sales – July
Wednesday, August 23
Japan: Flash Manufacturing & Services PMIs – August
Eurozone: Flash Manufacturing & Services PMIs – August
UK: Flash Manufacturing & Services PMIs – August
Eurozone: Consumer Confidence - August
US: Weekly MBA Mortgage Applications
US: Flash Manufacturing & Services PMIs – August
US: New Home Sales – July
US: Weekly EIA Crude Oil Inventories
Thursday, August 24
US: Weekly Initial & Continuing Jobless Claims
US: Durable Orders – July
US: Weekly EIA Natural Gas Inventories
Friday, August 25
Japan: Consumer Price Index – August
Germany: GDP – 2Q 2023
Germany: Ifo Business Climate Index - August
US: The University of Michigan Consumer Sentiment Index (Final) – August
Thought for the Day
“It’s better to have something to remember than anything to regret.“ - Frank Zappa
Disclosures
Palo Alto Networks (PANW) is a constituent of the Foxberry Tematica Research Cybersecurity & Data Privacy Index
Broadcom’s (AVGO), VMware (VMW) are constituents of the Tematica BITA Digital Infrastructure & Connectivity Index
Ross Stores (ROST) is a constituent of the Tematica BITA Big Spenders & Savers Index
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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European markets are up in midday trading and U.S. equity futures point to a positive open. Reports indicated Dupont (DD) is in advanced talks to sell its Delrin resins unit to the private equity firm, The Jordan Company, for around $1.8 billion. India’s SENSEX led the region, gaining 0.41% on Technology, and Financial strength, Japan’s Nikkei rose 0.37%, South Korea’s KOSPI advanced 0.17%, and Taiwan’s TAIEX closed the day flat, picking up a mere 0.18 index points.
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European markets are up in midday trading and U.S. equity futures point to a positive open. Reports indicated Dupont (DD) is in advanced talks to sell its Delrin resins unit to the private equity firm, The Jordan Company, for around $1.8 billion. In individual names, Ross Stores (ROST) gained 5.01% after the company posted a strong quarter and positive guidance which led various research firms to raise price targets.
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European markets are up in midday trading and U.S. equity futures point to a positive open. Reports indicated Dupont (DD) is in advanced talks to sell its Delrin resins unit to the private equity firm, The Jordan Company, for around $1.8 billion. In individual names, Ross Stores (ROST) gained 5.01% after the company posted a strong quarter and positive guidance which led various research firms to raise price targets.
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European markets are up in midday trading and U.S. equity futures point to a positive open. Reports indicated Dupont (DD) is in advanced talks to sell its Delrin resins unit to the private equity firm, The Jordan Company, for around $1.8 billion. Despite this aggressive growth forecast, Fed Funds futures aren’t pricing in any cuts until the beginning of Q2 in 2024.
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d73aedde-f07b-4387-bd97-09c05603d5a3
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715767.0
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2023-08-21 00:00:00 UTC
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DuPont to sell 80% of Delrin unit to TJC
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DD
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https://www.nasdaq.com/articles/dupont-to-sell-80-of-delrin-unit-to-tjc
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Adds details and background on deal in paragraphs 2 to 4
Aug 21(Reuters) - Chemical maker DuPont De Nemours DD.N said on Monday it has agreed to sell 80% of its Delrin resin unit to private equity firm TJC, formerly known as The Jordan Company, in a transaction valuing the business at $1.8 billion.
Delrin, an acetal homopolymer with higher tensile strength, is a preferred substitute for metal parts and used in products ranging from gear wheels to insulin pens.
The deal marks another step towards DuPont CEO ED Breen's goal of doubling down on the company's electronics and water solutions businesses.
DuPont is expected to receive cash proceeds of about $1.25 billion after the deal's close, which is expected around the end of the year.
(Reporting by Sourasis Bose in Bengaluru; Editing by Pooja Desai)
((Sourasis.Bose@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Adds details and background on deal in paragraphs 2 to 4 Aug 21(Reuters) - Chemical maker DuPont De Nemours DD.N said on Monday it has agreed to sell 80% of its Delrin resin unit to private equity firm TJC, formerly known as The Jordan Company, in a transaction valuing the business at $1.8 billion. Delrin, an acetal homopolymer with higher tensile strength, is a preferred substitute for metal parts and used in products ranging from gear wheels to insulin pens. The deal marks another step towards DuPont CEO ED Breen's goal of doubling down on the company's electronics and water solutions businesses.
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Adds details and background on deal in paragraphs 2 to 4 Aug 21(Reuters) - Chemical maker DuPont De Nemours DD.N said on Monday it has agreed to sell 80% of its Delrin resin unit to private equity firm TJC, formerly known as The Jordan Company, in a transaction valuing the business at $1.8 billion. DuPont is expected to receive cash proceeds of about $1.25 billion after the deal's close, which is expected around the end of the year. (Reporting by Sourasis Bose in Bengaluru; Editing by Pooja Desai) ((Sourasis.Bose@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Adds details and background on deal in paragraphs 2 to 4 Aug 21(Reuters) - Chemical maker DuPont De Nemours DD.N said on Monday it has agreed to sell 80% of its Delrin resin unit to private equity firm TJC, formerly known as The Jordan Company, in a transaction valuing the business at $1.8 billion. Delrin, an acetal homopolymer with higher tensile strength, is a preferred substitute for metal parts and used in products ranging from gear wheels to insulin pens. (Reporting by Sourasis Bose in Bengaluru; Editing by Pooja Desai) ((Sourasis.Bose@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Adds details and background on deal in paragraphs 2 to 4 Aug 21(Reuters) - Chemical maker DuPont De Nemours DD.N said on Monday it has agreed to sell 80% of its Delrin resin unit to private equity firm TJC, formerly known as The Jordan Company, in a transaction valuing the business at $1.8 billion. Delrin, an acetal homopolymer with higher tensile strength, is a preferred substitute for metal parts and used in products ranging from gear wheels to insulin pens. The deal marks another step towards DuPont CEO ED Breen's goal of doubling down on the company's electronics and water solutions businesses.
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715768.0
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2023-08-20 00:00:00 UTC
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DuPont to sell Delrin resins unit to PE firm for around $1.8 bln - Bloomberg News
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DD
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https://www.nasdaq.com/articles/dupont-to-sell-delrin-resins-unit-to-pe-firm-for-around-%241.8-bln-bloomberg-news-0
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Adds details from Bloomberg report in paragraphs 2 and 3, background in paragraph 4
Aug 20 (Reuters) - Materials and chemicals maker DuPont De Nemours Inc DD.N is in advanced talks to sell its Delrin resins unit to private equity firm The Jordan Company for about $1.8 billion, Bloomberg News reported on Sunday, citing people familiar with the matter.
Jordan Company could announce the deal as soon as this week, the report said, adding that no final decision has been made and that talks could still fall apart.
Lone Star and Platinum Equity were the other bidders for the assets, Bloomberg News had reported earlier in the month.
DuPont had earlier this month raised its 2023 sales forecast betting on demand picking up for its materials used to make a wide range of products including automotive components and semiconductors. The company had in May said that it doesn't see any M&A deal over the next year.
Delrin acetal homopolymer from DuPont is used for high-load mechanical applications such as gears, safety restraints, door systems, conveyor belts, healthcare delivery devices, and other demanding products and parts.
Dupont and Jordan Company did not immediately respond to Reuters' request for comment.
(Reporting by Gokul Pisharody and Kanjyik Ghosh in Bengaluru; Editing by Muralikumar Anantharaman and Christopher Cushing)
((Gokul.Pisharody@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Adds details from Bloomberg report in paragraphs 2 and 3, background in paragraph 4 Aug 20 (Reuters) - Materials and chemicals maker DuPont De Nemours Inc DD.N is in advanced talks to sell its Delrin resins unit to private equity firm The Jordan Company for about $1.8 billion, Bloomberg News reported on Sunday, citing people familiar with the matter. Jordan Company could announce the deal as soon as this week, the report said, adding that no final decision has been made and that talks could still fall apart. Lone Star and Platinum Equity were the other bidders for the assets, Bloomberg News had reported earlier in the month.
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Adds details from Bloomberg report in paragraphs 2 and 3, background in paragraph 4 Aug 20 (Reuters) - Materials and chemicals maker DuPont De Nemours Inc DD.N is in advanced talks to sell its Delrin resins unit to private equity firm The Jordan Company for about $1.8 billion, Bloomberg News reported on Sunday, citing people familiar with the matter. Lone Star and Platinum Equity were the other bidders for the assets, Bloomberg News had reported earlier in the month. Jordan Company could announce the deal as soon as this week, the report said, adding that no final decision has been made and that talks could still fall apart.
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Adds details from Bloomberg report in paragraphs 2 and 3, background in paragraph 4 Aug 20 (Reuters) - Materials and chemicals maker DuPont De Nemours Inc DD.N is in advanced talks to sell its Delrin resins unit to private equity firm The Jordan Company for about $1.8 billion, Bloomberg News reported on Sunday, citing people familiar with the matter. Jordan Company could announce the deal as soon as this week, the report said, adding that no final decision has been made and that talks could still fall apart. Lone Star and Platinum Equity were the other bidders for the assets, Bloomberg News had reported earlier in the month.
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Adds details from Bloomberg report in paragraphs 2 and 3, background in paragraph 4 Aug 20 (Reuters) - Materials and chemicals maker DuPont De Nemours Inc DD.N is in advanced talks to sell its Delrin resins unit to private equity firm The Jordan Company for about $1.8 billion, Bloomberg News reported on Sunday, citing people familiar with the matter. Jordan Company could announce the deal as soon as this week, the report said, adding that no final decision has been made and that talks could still fall apart. Lone Star and Platinum Equity were the other bidders for the assets, Bloomberg News had reported earlier in the month.
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715769.0
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2023-08-20 00:00:00 UTC
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DuPont to sell Delrin resins unit to PE firm for around $1.8 bln- Bloomberg News
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DD
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https://www.nasdaq.com/articles/dupont-to-sell-delrin-resins-unit-to-pe-firm-for-around-%241.8-bln-bloomberg-news
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Aug 20 (Reuters) - DuPont De Nemours Inc DD.N is in advanced talks to sell its Delrin resins unit to private equity firm The Jordan Company for about $1.8 billion, Bloomberg News reported on Sunday, citing people familiar with the matter.
(Reporting by Gokul Pisharody in Bengaluru; Editing by Muralikumar Anantharaman)
((Gokul.Pisharody@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aug 20 (Reuters) - DuPont De Nemours Inc DD.N is in advanced talks to sell its Delrin resins unit to private equity firm The Jordan Company for about $1.8 billion, Bloomberg News reported on Sunday, citing people familiar with the matter. (Reporting by Gokul Pisharody in Bengaluru; Editing by Muralikumar Anantharaman) ((Gokul.Pisharody@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aug 20 (Reuters) - DuPont De Nemours Inc DD.N is in advanced talks to sell its Delrin resins unit to private equity firm The Jordan Company for about $1.8 billion, Bloomberg News reported on Sunday, citing people familiar with the matter. (Reporting by Gokul Pisharody in Bengaluru; Editing by Muralikumar Anantharaman) ((Gokul.Pisharody@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aug 20 (Reuters) - DuPont De Nemours Inc DD.N is in advanced talks to sell its Delrin resins unit to private equity firm The Jordan Company for about $1.8 billion, Bloomberg News reported on Sunday, citing people familiar with the matter. (Reporting by Gokul Pisharody in Bengaluru; Editing by Muralikumar Anantharaman) ((Gokul.Pisharody@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aug 20 (Reuters) - DuPont De Nemours Inc DD.N is in advanced talks to sell its Delrin resins unit to private equity firm The Jordan Company for about $1.8 billion, Bloomberg News reported on Sunday, citing people familiar with the matter. (Reporting by Gokul Pisharody in Bengaluru; Editing by Muralikumar Anantharaman) ((Gokul.Pisharody@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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715770.0
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2023-08-17 00:00:00 UTC
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DD April 2024 Options Begin Trading
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https://www.nasdaq.com/articles/dd-april-2024-options-begin-trading
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Investors in DuPont (Symbol: DD) saw new options become available today, for the April 2024 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 246 days until expiration the newly available contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new April 2024 contracts and identified one put and one call contract of particular interest.
The put contract at the $75.00 strike price has a current bid of $5.00. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $75.00, but will also collect the premium, putting the cost basis of the shares at $70.00 (before broker commissions). To an investor already interested in purchasing shares of DD, that could represent an attractive alternative to paying $75.87/share today.
Because the $75.00 strike represents an approximate 1% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 6.67% return on the cash commitment, or 9.89% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for DuPont, and highlighting in green where the $75.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $77.50 strike price has a current bid of $6.30. If an investor was to purchase shares of DD stock at the current price level of $75.87/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $77.50. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 10.45% if the stock gets called away at the April 2024 expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $77.50 strike highlighted in red:
Considering the fact that the $77.50 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 8.30% boost of extra return to the investor, or 12.32% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $75.87) to be 28%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
Also see:
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Institutional Holders of TFCF
Institutional Holders of QYLE
The views and 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 current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $77.50 strike highlighted in red: Considering the fact that the $77.50 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected.
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The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Below is a chart showing DD's trailing twelve month trading history, with the $77.50 strike highlighted in red: Considering the fact that the $77.50 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in DuPont (Symbol: DD) saw new options become available today, for the April 2024 expiration.
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The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Below is a chart showing DD's trailing twelve month trading history, with the $77.50 strike highlighted in red: Considering the fact that the $77.50 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted).
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At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new April 2024 contracts and identified one put and one call contract of particular interest. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Below is a chart showing DD's trailing twelve month trading history, with the $77.50 strike highlighted in red: Considering the fact that the $77.50 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected.
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4c9f30d1-b9b3-4f4e-a0bc-834f30893e72
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715771.0
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2023-08-15 00:00:00 UTC
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Intel to walk away from $5.4 bln acquisition of Tower Semiconductor -sources
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DD
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https://www.nasdaq.com/articles/intel-to-walk-away-from-%245.4-bln-acquisition-of-tower-semiconductor-sources-0
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nan
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nan
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By Anirban Sen
NEW YORK, Aug 15 (Reuters) - Intel Corp INTC.O will walk away from its $5.4 billion deal to acquire Israeli contract chipmaker Tower Semiconductor Ltd TSEM.TA once the companies' contract expires later on Tuesday, according to people familiar with the matter.
Intel, which signed the deal to buy Tower in February 2022, did not secure approval from Chinese regulators for the acquisition as required under its contract with the Israeli firm, the sources said.
It does not plan to negotiate an extension of the contract, and will instead pay Tower a $353 million break-up fee to walk away, the sources added, requesting anonymity ahead of an official announcement.
Intel and Tower declined to comment. Representatives for the State Administration for Market Regulation, China's antitrust regulator, could not be immediately reached for comment.
The development underscores how tensions between the United States and China over issues including trade, intellectual property and the future of Taiwan are spilling over into corporate dealmaking, especially when it comes to technology companies.
Last year, DuPont De Nemours Inc DD.Nscrapped its $5.2 billion deal to buy electronics materials maker Rogers Corp ROG.N after delays in securing approval from Chinese regulators.
Intel Chief Executive Pat Gelsinger had said he was trying to get the Tower deal approved by Chinese regulators and had visited the country as recently as last month to meet with government officials.
But Gelsinger also said Intel was investing in its foundry business, which makes chips for other companies, irrespective of the Tower deal.
In June, Israeli Prime Minister Benjamin Netanyahu announced that Intel had agreed to spend $25 billion on a new factory in Israel, the largest-ever international investment in the country.
Investors had given up hope on the Tower deal as a result. Tower's Nasdaq-listed shares ended trading at $33.78 on Tuesday, a steep discount to the $53 per share deal price.
In the second quarter, Intel's foundry business reported revenue of $232 million, up from $57 million a year earlier, as it made advances on rivals such as industry leader Taiwan Semiconductor Manufacturing Co 2330.TW.
(Reporting by Anirban Sen in New York; Additional reporting by Max Cherney in San Francisco; Editing by Jamie Freed)
((Anirban.Sen@thomsonreuters.com; Twitter: @asenjourno; Reuters Messaging: Signal/Telegram/Whatsapp - +1-646-705-9409))
The views and 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 does not plan to negotiate an extension of the contract, and will instead pay Tower a $353 million break-up fee to walk away, the sources added, requesting anonymity ahead of an official announcement. Last year, DuPont De Nemours Inc DD.Nscrapped its $5.2 billion deal to buy electronics materials maker Rogers Corp ROG.N after delays in securing approval from Chinese regulators. (Reporting by Anirban Sen in New York; Additional reporting by Max Cherney in San Francisco; Editing by Jamie Freed) ((Anirban.Sen@thomsonreuters.com; Twitter: @asenjourno; Reuters Messaging: Signal/Telegram/Whatsapp - +1-646-705-9409)) The views and 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 does not plan to negotiate an extension of the contract, and will instead pay Tower a $353 million break-up fee to walk away, the sources added, requesting anonymity ahead of an official announcement. Last year, DuPont De Nemours Inc DD.Nscrapped its $5.2 billion deal to buy electronics materials maker Rogers Corp ROG.N after delays in securing approval from Chinese regulators. (Reporting by Anirban Sen in New York; Additional reporting by Max Cherney in San Francisco; Editing by Jamie Freed) ((Anirban.Sen@thomsonreuters.com; Twitter: @asenjourno; Reuters Messaging: Signal/Telegram/Whatsapp - +1-646-705-9409)) The views and 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 does not plan to negotiate an extension of the contract, and will instead pay Tower a $353 million break-up fee to walk away, the sources added, requesting anonymity ahead of an official announcement. Last year, DuPont De Nemours Inc DD.Nscrapped its $5.2 billion deal to buy electronics materials maker Rogers Corp ROG.N after delays in securing approval from Chinese regulators. (Reporting by Anirban Sen in New York; Additional reporting by Max Cherney in San Francisco; Editing by Jamie Freed) ((Anirban.Sen@thomsonreuters.com; Twitter: @asenjourno; Reuters Messaging: Signal/Telegram/Whatsapp - +1-646-705-9409)) The views and 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 does not plan to negotiate an extension of the contract, and will instead pay Tower a $353 million break-up fee to walk away, the sources added, requesting anonymity ahead of an official announcement. Last year, DuPont De Nemours Inc DD.Nscrapped its $5.2 billion deal to buy electronics materials maker Rogers Corp ROG.N after delays in securing approval from Chinese regulators. (Reporting by Anirban Sen in New York; Additional reporting by Max Cherney in San Francisco; Editing by Jamie Freed) ((Anirban.Sen@thomsonreuters.com; Twitter: @asenjourno; Reuters Messaging: Signal/Telegram/Whatsapp - +1-646-705-9409)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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17deb16a-fe0a-435f-93ea-3acf6dbc6a6f
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715772.0
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2023-08-15 00:00:00 UTC
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EV maker VinFast's shares rise in premarket trade before Nasdaq debut
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DD
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https://www.nasdaq.com/articles/ev-maker-vinfasts-shares-rise-in-premarket-trade-before-nasdaq-debut
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nan
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nan
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By Phuong Nguyen and Francesco Guarascio
HANOI, Aug 15 (Reuters) - Vietnam's electric vehicle maker VinFast VFS.O could open higher on Nasdaq on Tuesday, based on limited premarket trade, as it makes its debut after a SPAC deal that the company says values it at $23 billion.
The valuation, which VinFast and its blank-check partner Black Spade Acquisition BSAQ.A calculated using rival EV maker Lucid LCID.O as the benchmark, is the fourth-highest for such special purpose acquisition company (SPAC) deals, according to data from Dealogic.
A few hours before its Nasdaq debut, VinFast more than doubled its value in premarket trading involving less than 4% of its shares.
Several other EV makers have also listed via such SPAC deals, which have attracted increased scrutiny from both investors and regulators, especially as competition in the EV market heats up and China's auto market, the world's largest, is locked in a price war.
Some of VinFast's rivals, including Nikola Corp NKLA.O and Lucid, have seen their valuations plunge after their SPAC listings. Nikola now commands a market value of $1.4 billion, versus $13.9 billion before listing while Lucid has a current market value of $15.5 billion, versus $24 billion during its 2021 SPAC deal.
Shares in other rivals which did not list via SPACs, including Tesla Inc TSLA.O and Rivian Automotive Inc RIVN.O, have performed better. Tesla shares are up 94.6 percent so far this year while Rivian is up almost 17 percent higher.
VinFast is a unit of Vietnam's largest conglomerate Vingroup VIC.HM.
It is still unclear how many of the company shares will trade on Tuesday and at what price.
VinFast's founder, Vietnam's richest man Pham Nhat Vuong, pledged $2.5 billion in April to bolster the EV maker, including $1 billion from his personal fortune. He is the beneficial owner of 99% of the ordinary shares of the EV maker after the merger.
VinFast plans to build a $4 billion plant in North Carolina and boost car shipments from its factory in Vietnam to the United States, its main target market overseas.
VinFast has shipped nearly 3,000 units to the U.S. and started delivering them from March. The company has not disclosed its sales but according to S&P Global Mobility, it sold only 137 vehicles there through June.
Earlier this year, VinFast ditched a $2 billion ordinary listing for the SPAC merger.
Investors in Black Spade Acquisition cashed out over 80% of their shares after the deal with VinFast, leaving only about $14 million in the company's trust, according to a public filing.
(Reporting by Phuong Nguyen, Yantoultra Ngui and Jaiveer Singh Shekhawat; editing by Francesco Guarascio and Miral Fahmy)
The views and 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 Phuong Nguyen and Francesco Guarascio HANOI, Aug 15 (Reuters) - Vietnam's electric vehicle maker VinFast VFS.O could open higher on Nasdaq on Tuesday, based on limited premarket trade, as it makes its debut after a SPAC deal that the company says values it at $23 billion. VinFast plans to build a $4 billion plant in North Carolina and boost car shipments from its factory in Vietnam to the United States, its main target market overseas. Investors in Black Spade Acquisition cashed out over 80% of their shares after the deal with VinFast, leaving only about $14 million in the company's trust, according to a public filing.
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By Phuong Nguyen and Francesco Guarascio HANOI, Aug 15 (Reuters) - Vietnam's electric vehicle maker VinFast VFS.O could open higher on Nasdaq on Tuesday, based on limited premarket trade, as it makes its debut after a SPAC deal that the company says values it at $23 billion. The valuation, which VinFast and its blank-check partner Black Spade Acquisition BSAQ.A calculated using rival EV maker Lucid LCID.O as the benchmark, is the fourth-highest for such special purpose acquisition company (SPAC) deals, according to data from Dealogic. Nikola now commands a market value of $1.4 billion, versus $13.9 billion before listing while Lucid has a current market value of $15.5 billion, versus $24 billion during its 2021 SPAC deal.
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By Phuong Nguyen and Francesco Guarascio HANOI, Aug 15 (Reuters) - Vietnam's electric vehicle maker VinFast VFS.O could open higher on Nasdaq on Tuesday, based on limited premarket trade, as it makes its debut after a SPAC deal that the company says values it at $23 billion. The valuation, which VinFast and its blank-check partner Black Spade Acquisition BSAQ.A calculated using rival EV maker Lucid LCID.O as the benchmark, is the fourth-highest for such special purpose acquisition company (SPAC) deals, according to data from Dealogic. Nikola now commands a market value of $1.4 billion, versus $13.9 billion before listing while Lucid has a current market value of $15.5 billion, versus $24 billion during its 2021 SPAC deal.
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By Phuong Nguyen and Francesco Guarascio HANOI, Aug 15 (Reuters) - Vietnam's electric vehicle maker VinFast VFS.O could open higher on Nasdaq on Tuesday, based on limited premarket trade, as it makes its debut after a SPAC deal that the company says values it at $23 billion. Nikola now commands a market value of $1.4 billion, versus $13.9 billion before listing while Lucid has a current market value of $15.5 billion, versus $24 billion during its 2021 SPAC deal. VinFast is a unit of Vietnam's largest conglomerate Vingroup VIC.HM.
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b8166bae-5ffa-4926-90a3-1a2d169c4a93
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715773.0
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2023-08-10 00:00:00 UTC
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Guru Fundamental Report for DD
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DD
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https://www.nasdaq.com/articles/guru-fundamental-report-for-dd-9
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nan
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nan
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Below is Validea's guru fundamental report for DUPONT DE NEMOURS INC (DD). Of the 22 guru strategies we follow, DD rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. This multi-factor model seeks low volatility stocks that also have strong momentum and high net payout yields.
DUPONT DE NEMOURS INC (DD) is a large-cap growth stock in the Biotechnology & Drugs industry. The rating using this strategy 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.
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.
MARKET CAP: PASS
STANDARD DEVIATION: PASS
TWELVE MINUS ONE MOMENTUM: NEUTRAL
NET PAYOUT YIELD: NEUTRAL
FINAL RANK: PASS
Detailed Analysis of DUPONT DE NEMOURS INC
DD Guru Analysis
DD Fundamental Analysis
More Information on Pim van Vliet
Pim van Vliet Portfolio
About Pim van Vliet: In investing, you typically need to take more risk to get more return. There is one major exception to this in the factor investing world, though. Low volatility stocks have been proven to outperform their high volatility counterparts, and do so with less risk. Pim van Vliet is the head of Conservative Equities at Robeco Asset Management. His research into conservative factor investing led to the creation of this strategy and the publication of the book "High Returns From Low Risk: A Remarkable Stock Market Paradox". Van Vliet holds a PhD in Financial and Business Economics from Erasmus University Rotterdam.
Additional Research Links
Top Healthcare Stocks
Dividend Aristocrats2023
Wide Moat Stocks2023
High Insider Ownership Stocks
Factor-Based Stock Portfolios
Excess Returns Investing Podcast
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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Below is Validea's guru fundamental report for DUPONT DE NEMOURS INC (DD). Of the 22 guru strategies we follow, DD rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. DUPONT DE NEMOURS INC (DD) is a large-cap growth stock in the Biotechnology & Drugs industry.
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Of the 22 guru strategies we follow, DD rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. Detailed Analysis of DUPONT DE NEMOURS INC DD Guru Analysis DD Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return. Below is Validea's guru fundamental report for DUPONT DE NEMOURS INC (DD).
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Of the 22 guru strategies we follow, DD rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. Detailed Analysis of DUPONT DE NEMOURS INC DD Guru Analysis DD Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return. Additional Research Links Top Healthcare Stocks Dividend Aristocrats2023 Wide Moat Stocks2023 High Insider Ownership Stocks Factor-Based Stock Portfolios Excess Returns Investing Podcast About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends.
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Of the 22 guru strategies we follow, DD rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. Detailed Analysis of DUPONT DE NEMOURS INC DD Guru Analysis DD Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return. Below is Validea's guru fundamental report for DUPONT DE NEMOURS INC (DD).
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9bb22786-d6c4-42a3-9dd3-e46174718f1e
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715774.0
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2023-08-03 00:00:00 UTC
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Morgan Stanley Reiterates DuPont de Nemours (DD) Equal-Weight Recommendation
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DD
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https://www.nasdaq.com/articles/morgan-stanley-reiterates-dupont-de-nemours-dd-equal-weight-recommendation-0
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nan
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nan
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Fintel reports that on August 3, 2023, Morgan Stanley reiterated coverage of DuPont de Nemours (NYSE:DD) with a Equal-Weight recommendation.
Analyst Price Forecast Suggests 4.10% Upside
As of August 2, 2023, the average one-year price target for DuPont de Nemours is 79.51. The forecasts range from a low of 70.70 to a high of $89.25. The average price target represents an increase of 4.10% from its latest reported closing price of 76.38.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for DuPont de Nemours is 13,360MM, an increase of 6.60%. The projected annual non-GAAP EPS is 3.94.
What is the Fund Sentiment?
There are 1999 funds or institutions reporting positions in DuPont de Nemours. This is a decrease of 15 owner(s) or 0.74% in the last quarter. Average portfolio weight of all funds dedicated to DD is 0.29%, an increase of 1.59%. Total shares owned by institutions decreased in the last three months by 3.50% to 410,389K shares.
The put/call ratio of DD is 1.30, indicating a bearish outlook.
What are Other Shareholders Doing?
Massachusetts Financial Services holds 23,332K shares representing 5.08% ownership of the company. In it's prior filing, the firm reported owning 23,557K shares, representing a decrease of 0.96%. The firm decreased its portfolio allocation in DD by 84.43% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 12,748K shares representing 2.78% ownership of the company. In it's prior filing, the firm reported owning 21,795K shares, representing a decrease of 70.97%. The firm decreased its portfolio allocation in DD by 23.42% over the last quarter.
MEIAX - MFS Value Fund A holds 11,692K shares representing 2.55% ownership of the company. In it's prior filing, the firm reported owning 11,855K shares, representing a decrease of 1.40%. The firm decreased its portfolio allocation in DD by 5.25% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 10,691K shares representing 2.33% ownership of the company. In it's prior filing, the firm reported owning 16,448K shares, representing a decrease of 53.85%. The firm decreased its portfolio allocation in DD by 14.90% over the last quarter.
Geode Capital Management holds 9,455K shares representing 2.06% ownership of the company. In it's prior filing, the firm reported owning 10,136K shares, representing a decrease of 7.20%. The firm decreased its portfolio allocation in DD by 9.78% over the last quarter.
DuPont de Nemours Background Information
(This description is provided by the company.)
DuPont is a global innovation leader with technology-based materials, ingredients and solutions that help transform industries and everyday life. DuPont applies diverse science and expertise to help customers advance their best ideas and deliver essential innovations in key markets including electronics, transportation, construction, water, health and wellness, food and worker safety.
Additional reading:
DuPont Reports Second Quarter 2023 Results
UNITED STATES DISTRICT COURT FOR THE DISTRICT OF SOUTH CAROLINA CHARLESTON DIVISION
Chemours, DuPont, and Corteva Reach Comprehensive PFAS Settlement with U.S. Water Systems
DuPont Reports First Quarter 2023 Results
AMENDED AND RESTATED DUPONT DE NEMOURS, INC. (a Delaware corporation) EFFECTIVE AS OF MARCH 29, 2023 TABLE OF CONTENTS
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Fintel reports that on August 3, 2023, Morgan Stanley reiterated coverage of DuPont de Nemours (NYSE:DD) with a Equal-Weight recommendation. Average portfolio weight of all funds dedicated to DD is 0.29%, an increase of 1.59%. The put/call ratio of DD is 1.30, indicating a bearish outlook.
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Fintel reports that on August 3, 2023, Morgan Stanley reiterated coverage of DuPont de Nemours (NYSE:DD) with a Equal-Weight recommendation. Average portfolio weight of all funds dedicated to DD is 0.29%, an increase of 1.59%. The put/call ratio of DD is 1.30, indicating a bearish outlook.
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Fintel reports that on August 3, 2023, Morgan Stanley reiterated coverage of DuPont de Nemours (NYSE:DD) with a Equal-Weight recommendation. Average portfolio weight of all funds dedicated to DD is 0.29%, an increase of 1.59%. The put/call ratio of DD is 1.30, indicating a bearish outlook.
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Fintel reports that on August 3, 2023, Morgan Stanley reiterated coverage of DuPont de Nemours (NYSE:DD) with a Equal-Weight recommendation. Average portfolio weight of all funds dedicated to DD is 0.29%, an increase of 1.59%. The put/call ratio of DD is 1.30, indicating a bearish outlook.
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8f441bfe-3cbd-4216-8e1d-5f45b5d33050
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715775.0
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2023-08-03 00:00:00 UTC
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Barclays Maintains DuPont de Nemours (DD) Equal-Weight Recommendation
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DD
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https://www.nasdaq.com/articles/barclays-maintains-dupont-de-nemours-dd-equal-weight-recommendation-2
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nan
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nan
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Fintel reports that on August 3, 2023, Barclays maintained coverage of DuPont de Nemours (NYSE:DD) with a Equal-Weight recommendation.
Analyst Price Forecast Suggests 4.10% Upside
As of August 2, 2023, the average one-year price target for DuPont de Nemours is 79.51. The forecasts range from a low of 70.70 to a high of $89.25. The average price target represents an increase of 4.10% from its latest reported closing price of 76.38.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for DuPont de Nemours is 13,360MM, an increase of 6.60%. The projected annual non-GAAP EPS is 3.94.
What is the Fund Sentiment?
There are 1999 funds or institutions reporting positions in DuPont de Nemours. This is a decrease of 15 owner(s) or 0.74% in the last quarter. Average portfolio weight of all funds dedicated to DD is 0.29%, an increase of 1.59%. Total shares owned by institutions decreased in the last three months by 3.50% to 410,389K shares.
The put/call ratio of DD is 1.30, indicating a bearish outlook.
What are Other Shareholders Doing?
Massachusetts Financial Services holds 23,332K shares representing 5.08% ownership of the company. In it's prior filing, the firm reported owning 23,557K shares, representing a decrease of 0.96%. The firm decreased its portfolio allocation in DD by 84.43% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 12,748K shares representing 2.78% ownership of the company. In it's prior filing, the firm reported owning 21,795K shares, representing a decrease of 70.97%. The firm decreased its portfolio allocation in DD by 23.42% over the last quarter.
MEIAX - MFS Value Fund A holds 11,692K shares representing 2.55% ownership of the company. In it's prior filing, the firm reported owning 11,855K shares, representing a decrease of 1.40%. The firm decreased its portfolio allocation in DD by 5.25% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 10,691K shares representing 2.33% ownership of the company. In it's prior filing, the firm reported owning 16,448K shares, representing a decrease of 53.85%. The firm decreased its portfolio allocation in DD by 14.90% over the last quarter.
Geode Capital Management holds 9,455K shares representing 2.06% ownership of the company. In it's prior filing, the firm reported owning 10,136K shares, representing a decrease of 7.20%. The firm decreased its portfolio allocation in DD by 9.78% over the last quarter.
DuPont de Nemours Background Information
(This description is provided by the company.)
DuPont is a global innovation leader with technology-based materials, ingredients and solutions that help transform industries and everyday life. DuPont applies diverse science and expertise to help customers advance their best ideas and deliver essential innovations in key markets including electronics, transportation, construction, water, health and wellness, food and worker safety.
Additional reading:
DuPont Reports Second Quarter 2023 Results
UNITED STATES DISTRICT COURT FOR THE DISTRICT OF SOUTH CAROLINA CHARLESTON DIVISION
Chemours, DuPont, and Corteva Reach Comprehensive PFAS Settlement with U.S. Water Systems
DuPont Reports First Quarter 2023 Results
AMENDED AND RESTATED DUPONT DE NEMOURS, INC. (a Delaware corporation) EFFECTIVE AS OF MARCH 29, 2023 TABLE OF CONTENTS
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Fintel reports that on August 3, 2023, Barclays maintained coverage of DuPont de Nemours (NYSE:DD) with a Equal-Weight recommendation. Average portfolio weight of all funds dedicated to DD is 0.29%, an increase of 1.59%. The put/call ratio of DD is 1.30, indicating a bearish outlook.
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Fintel reports that on August 3, 2023, Barclays maintained coverage of DuPont de Nemours (NYSE:DD) with a Equal-Weight recommendation. Average portfolio weight of all funds dedicated to DD is 0.29%, an increase of 1.59%. The put/call ratio of DD is 1.30, indicating a bearish outlook.
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Fintel reports that on August 3, 2023, Barclays maintained coverage of DuPont de Nemours (NYSE:DD) with a Equal-Weight recommendation. Average portfolio weight of all funds dedicated to DD is 0.29%, an increase of 1.59%. The put/call ratio of DD is 1.30, indicating a bearish outlook.
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Fintel reports that on August 3, 2023, Barclays maintained coverage of DuPont de Nemours (NYSE:DD) with a Equal-Weight recommendation. Average portfolio weight of all funds dedicated to DD is 0.29%, an increase of 1.59%. The put/call ratio of DD is 1.30, indicating a bearish outlook.
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6197289e-dcce-442b-9ee1-beb34a7314e2
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715776.0
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2023-08-03 00:00:00 UTC
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Noteworthy Thursday Option Activity: LMND, DD, HLF
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DD
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https://www.nasdaq.com/articles/noteworthy-thursday-option-activity%3A-lmnd-dd-hlf
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Lemonade Inc (Symbol: LMND), where a total volume of 18,358 contracts has been traded thus far today, a contract volume which is representative of approximately 1.8 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 103.2% of LMND's average daily trading volume over the past month, of 1.8 million shares. Especially high volume was seen for the $19 strike put option expiring December 15, 2023, with 4,024 contracts trading so far today, representing approximately 402,400 underlying shares of LMND. Below is a chart showing LMND's trailing twelve month trading history, with the $19 strike highlighted in orange:
DuPont (Symbol: DD) options are showing a volume of 28,411 contracts thus far today. That number of contracts represents approximately 2.8 million underlying shares, working out to a sizeable 95.8% of DD's average daily trading volume over the past month, of 3.0 million shares. Particularly high volume was seen for the $85 strike call option expiring September 15, 2023, with 21,141 contracts trading so far today, representing approximately 2.1 million underlying shares of DD. Below is a chart showing DD's trailing twelve month trading history, with the $85 strike highlighted in orange:
And Herbalife Ltd (Symbol: HLF) options are showing a volume of 13,440 contracts thus far today. That number of contracts represents approximately 1.3 million underlying shares, working out to a sizeable 95.8% of HLF's average daily trading volume over the past month, of 1.4 million shares. Particularly high volume was seen for the $25 strike call option expiring March 15, 2024, with 5,050 contracts trading so far today, representing approximately 505,000 underlying shares of HLF. Below is a chart showing HLF's trailing twelve month trading history, with the $25 strike highlighted in orange:
For the various different available expirations for LMND options, DD options, or HLF options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Holdings Channel
PHF Videos
Top Ten Hedge Funds Holding ATS
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly high volume was seen for the $85 strike call option expiring September 15, 2023, with 21,141 contracts trading so far today, representing approximately 2.1 million underlying shares of DD. Below is a chart showing LMND's trailing twelve month trading history, with the $19 strike highlighted in orange: DuPont (Symbol: DD) options are showing a volume of 28,411 contracts thus far today. That number of contracts represents approximately 2.8 million underlying shares, working out to a sizeable 95.8% of DD's average daily trading volume over the past month, of 3.0 million shares.
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Below is a chart showing LMND's trailing twelve month trading history, with the $19 strike highlighted in orange: DuPont (Symbol: DD) options are showing a volume of 28,411 contracts thus far today. That number of contracts represents approximately 2.8 million underlying shares, working out to a sizeable 95.8% of DD's average daily trading volume over the past month, of 3.0 million shares. Particularly high volume was seen for the $85 strike call option expiring September 15, 2023, with 21,141 contracts trading so far today, representing approximately 2.1 million underlying shares of DD.
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That number of contracts represents approximately 2.8 million underlying shares, working out to a sizeable 95.8% of DD's average daily trading volume over the past month, of 3.0 million shares. Below is a chart showing LMND's trailing twelve month trading history, with the $19 strike highlighted in orange: DuPont (Symbol: DD) options are showing a volume of 28,411 contracts thus far today. Particularly high volume was seen for the $85 strike call option expiring September 15, 2023, with 21,141 contracts trading so far today, representing approximately 2.1 million underlying shares of DD.
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Below is a chart showing HLF's trailing twelve month trading history, with the $25 strike highlighted in orange: For the various different available expirations for LMND options, DD options, or HLF options, visit StockOptionsChannel.com. Below is a chart showing LMND's trailing twelve month trading history, with the $19 strike highlighted in orange: DuPont (Symbol: DD) options are showing a volume of 28,411 contracts thus far today. That number of contracts represents approximately 2.8 million underlying shares, working out to a sizeable 95.8% of DD's average daily trading volume over the past month, of 3.0 million shares.
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715777.0
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2023-08-03 00:00:00 UTC
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RBC Capital Maintains DuPont de Nemours (DD) Outperform Recommendation
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https://www.nasdaq.com/articles/rbc-capital-maintains-dupont-de-nemours-dd-outperform-recommendation-0
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Fintel reports that on August 3, 2023, RBC Capital maintained coverage of DuPont de Nemours (NYSE:DD) with a Outperform recommendation.
Analyst Price Forecast Suggests 4.10% Upside
As of August 2, 2023, the average one-year price target for DuPont de Nemours is 79.51. The forecasts range from a low of 70.70 to a high of $89.25. The average price target represents an increase of 4.10% from its latest reported closing price of 76.38.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for DuPont de Nemours is 13,360MM, an increase of 6.60%. The projected annual non-GAAP EPS is 3.94.
What is the Fund Sentiment?
There are 1999 funds or institutions reporting positions in DuPont de Nemours. This is a decrease of 15 owner(s) or 0.74% in the last quarter. Average portfolio weight of all funds dedicated to DD is 0.29%, an increase of 1.59%. Total shares owned by institutions decreased in the last three months by 3.50% to 410,389K shares.
The put/call ratio of DD is 1.30, indicating a bearish outlook.
What are Other Shareholders Doing?
Massachusetts Financial Services holds 23,332K shares representing 5.08% ownership of the company. In it's prior filing, the firm reported owning 23,557K shares, representing a decrease of 0.96%. The firm decreased its portfolio allocation in DD by 84.43% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 12,748K shares representing 2.78% ownership of the company. In it's prior filing, the firm reported owning 21,795K shares, representing a decrease of 70.97%. The firm decreased its portfolio allocation in DD by 23.42% over the last quarter.
MEIAX - MFS Value Fund A holds 11,692K shares representing 2.55% ownership of the company. In it's prior filing, the firm reported owning 11,855K shares, representing a decrease of 1.40%. The firm decreased its portfolio allocation in DD by 5.25% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 10,691K shares representing 2.33% ownership of the company. In it's prior filing, the firm reported owning 16,448K shares, representing a decrease of 53.85%. The firm decreased its portfolio allocation in DD by 14.90% over the last quarter.
Geode Capital Management holds 9,455K shares representing 2.06% ownership of the company. In it's prior filing, the firm reported owning 10,136K shares, representing a decrease of 7.20%. The firm decreased its portfolio allocation in DD by 9.78% over the last quarter.
DuPont de Nemours Background Information
(This description is provided by the company.)
DuPont is a global innovation leader with technology-based materials, ingredients and solutions that help transform industries and everyday life. DuPont applies diverse science and expertise to help customers advance their best ideas and deliver essential innovations in key markets including electronics, transportation, construction, water, health and wellness, food and worker safety.
Additional reading:
DuPont Reports Second Quarter 2023 Results
UNITED STATES DISTRICT COURT FOR THE DISTRICT OF SOUTH CAROLINA CHARLESTON DIVISION
Chemours, DuPont, and Corteva Reach Comprehensive PFAS Settlement with U.S. Water Systems
DuPont Reports First Quarter 2023 Results
AMENDED AND RESTATED DUPONT DE NEMOURS, INC. (a Delaware corporation) EFFECTIVE AS OF MARCH 29, 2023 TABLE OF CONTENTS
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Fintel reports that on August 3, 2023, RBC Capital maintained coverage of DuPont de Nemours (NYSE:DD) with a Outperform recommendation. Average portfolio weight of all funds dedicated to DD is 0.29%, an increase of 1.59%. The put/call ratio of DD is 1.30, indicating a bearish outlook.
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Fintel reports that on August 3, 2023, RBC Capital maintained coverage of DuPont de Nemours (NYSE:DD) with a Outperform recommendation. Average portfolio weight of all funds dedicated to DD is 0.29%, an increase of 1.59%. The put/call ratio of DD is 1.30, indicating a bearish outlook.
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Fintel reports that on August 3, 2023, RBC Capital maintained coverage of DuPont de Nemours (NYSE:DD) with a Outperform recommendation. Average portfolio weight of all funds dedicated to DD is 0.29%, an increase of 1.59%. The put/call ratio of DD is 1.30, indicating a bearish outlook.
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Fintel reports that on August 3, 2023, RBC Capital maintained coverage of DuPont de Nemours (NYSE:DD) with a Outperform recommendation. Average portfolio weight of all funds dedicated to DD is 0.29%, an increase of 1.59%. The put/call ratio of DD is 1.30, indicating a bearish outlook.
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9355a049-cd59-453a-b993-0054d12db207
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2023-08-02 00:00:00 UTC
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US STOCKS-Wall St futures tumble after Fitch downgrades top-tier US rating
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DD
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https://www.nasdaq.com/articles/us-stocks-wall-st-futures-tumble-after-fitch-downgrades-top-tier-us-rating-0
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By Johann M Cherian and Bansari Mayur Kamdar
Aug 2 (Reuters) - Wall Street futures tumbled on Wednesday after rating agency Fitch's move to downgrade the U.S. government's credit rating hit appetite for risky assets around the world.
Fitch downgraded the United States to AA+ from AAA, citing fiscal deterioration over the next three years as well as a growing general government debt burden, making it the second major rating agency after Standard & Poor's move in 2011 to strip the country of its triple-A rating.
The yield on U.S. 10-year Treasury notes US10YT=RR slipped to 4.02%. Safe havens gold XAU= and the Japanese yen JPY=EBS rose, while the dollar index =USD edged higher. US/
"Though the U.S. now holds two AA+ ratings, we think the latest downgrade does not reflect any new fiscal information and should only have a limited market impact," Mark Haefele, chief investment officer at UBS Global Wealth Management, said in a note.
At 06:55 a.m. ET, Dow e-minis 1YMcv1 were down 104 points, or 0.29%, S&P 500 e-minis EScv1 were down 24 points, or 0.52%, and Nasdaq 100 e-minis NQcv1 were down 132.25 points, or 0.84%.
Megacap stocks including Tesla TSLA.O, Nvidia NVDA.O, Meta Platforms META.O and Microsoft MSFT.O fell between 0.8% and 2.5% in premarket trading.
Beating the trend, Advanced Micro DevicesAMD.O rose 1.6% after forecasting an upbeat finish to the year and on plans to launch AI chips that could compete with market leader Nvidia NVDA.O.
U.S. second-quarter earnings are now expected to fall 5.9% from a year earlier, as per Refinitiv data, compared with a 7.9% decline estimated a week earlier.
The benchmark S&P 500 .SPX and tech-heavy Nasdaq .IXIC took a breather in the previous session as investors entered a seasonally slow August. The blue-chip loaded Dow .DJI ended higher, underpinned by gains in Caterpillar CAT.N after the global economic bellwether posted upbeat quarterly profits.
Among other early movers, StarbucksSBUX.O eased 1.9% after the world's largest coffeehouse chain missed market expectations for quarterly comparable sales.
CVS Health CorpCVS.N gained 1.4% on beating Wall Street estimates for quarterly profit, boosted by strength in its pharmacy benefit management unit and lower-than-expected medical costs in its health insurance business.
DuPont de NemoursDD.N added 0.3% on beating estimates for second-quarter profit, benefiting from strong demand for materials used in aerospace, automotive and healthcare industries.
Wells FargoWFC.N said it expects to pay as much as $1.8 billion to help replenish a government deposit insurance fund that was drained of $16 billion this year after three banks collapsed, sending its shares 1% lower.
Investors also await the ADP National Employment report for July that could offer more clues on the domestic labor market, ahead of much awaited non-farm payrolls data due on Friday.
US loses top AAA credit rating from Fitch https://tmsnrt.rs/3OgSgb2
Stocks lead recovery in 2023 https://tmsnrt.rs/3Kmeg2Y
(Reporting by Johann M Cherian and Bansari Mayur Kamdar in Bengaluru; Editing by Saumyadeb Chakrabarty)
((johann.mcherian@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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DuPont de NemoursDD.N added 0.3% on beating estimates for second-quarter profit, benefiting from strong demand for materials used in aerospace, automotive and healthcare industries. US/ "Though the U.S. now holds two AA+ ratings, we think the latest downgrade does not reflect any new fiscal information and should only have a limited market impact," Mark Haefele, chief investment officer at UBS Global Wealth Management, said in a note. Beating the trend, Advanced Micro DevicesAMD.O rose 1.6% after forecasting an upbeat finish to the year and on plans to launch AI chips that could compete with market leader Nvidia NVDA.O.
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DuPont de NemoursDD.N added 0.3% on beating estimates for second-quarter profit, benefiting from strong demand for materials used in aerospace, automotive and healthcare industries. By Johann M Cherian and Bansari Mayur Kamdar Aug 2 (Reuters) - Wall Street futures tumbled on Wednesday after rating agency Fitch's move to downgrade the U.S. government's credit rating hit appetite for risky assets around the world. CVS Health CorpCVS.N gained 1.4% on beating Wall Street estimates for quarterly profit, boosted by strength in its pharmacy benefit management unit and lower-than-expected medical costs in its health insurance business.
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DuPont de NemoursDD.N added 0.3% on beating estimates for second-quarter profit, benefiting from strong demand for materials used in aerospace, automotive and healthcare industries. By Johann M Cherian and Bansari Mayur Kamdar Aug 2 (Reuters) - Wall Street futures tumbled on Wednesday after rating agency Fitch's move to downgrade the U.S. government's credit rating hit appetite for risky assets around the world. Fitch downgraded the United States to AA+ from AAA, citing fiscal deterioration over the next three years as well as a growing general government debt burden, making it the second major rating agency after Standard & Poor's move in 2011 to strip the country of its triple-A rating.
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DuPont de NemoursDD.N added 0.3% on beating estimates for second-quarter profit, benefiting from strong demand for materials used in aerospace, automotive and healthcare industries. By Johann M Cherian and Bansari Mayur Kamdar Aug 2 (Reuters) - Wall Street futures tumbled on Wednesday after rating agency Fitch's move to downgrade the U.S. government's credit rating hit appetite for risky assets around the world. The yield on U.S. 10-year Treasury notes US10YT=RR slipped to 4.02%.
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72575396-7199-44a3-966e-d719b5f397ab
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2023-08-02 00:00:00 UTC
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DuPont's (DD) Q2 Earnings and Revenues Surpass Estimates
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https://www.nasdaq.com/articles/duponts-dd-q2-earnings-and-revenues-surpass-estimates
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DuPont de Nemours, Inc. DD reported earnings from continuing operations of 55 cents per share for second-quarter 2023, down from 71 cents per share in the year-ago quarter.
Barring one-time items, earnings came in at 85 cents per share for the reported quarter, topping the Zacks Consensus Estimate of 83 cents.
DuPont raked in net sales of $3,094 million, down 7% from the year-ago quarter. It surpassed the Zacks Consensus Estimate of $3,002.6 million. The company saw a 4% decline in organic sales in the quarter, hurt by 6% lower volumes that more than offset 2% higher pricing.
DuPont de Nemours, Inc. Price, Consensus and EPS Surprise
DuPont de Nemours, Inc. price-consensus-eps-surprise-chart | DuPont de Nemours, Inc. Quote
Segment Highlights
The company’s Electronics & Industrial segment recorded net sales of $1,312 million in the reported quarter, down 14% on a year-over-year comparison basis. It was below our estimate of $1,330.5 million. Organic sales fell 12% due to a decrease in volumes.
Semiconductor Technologies experienced a 19% volume decline due to weaker end-market demand and channel inventory destocking, while Interconnect Solutions saw a 15% volume decrease due to reduced consumer electronics spending. Despite the volume declines, there was a 7% sequential sales improvement from the first quarter of 2023. The Industrial Solutions segment faced a 2% volume decline, with strong performance in broad-based industrial markets offset by reduced demand in consumer-related areas such as displays and advanced printing applications.
Net sales in the Water & Protection unit were $1,494 million, stable year over year. The figure was above our estimate of $1,417 million. Organic sales rose 1% on pricing gains. Safety Solutions experienced growth, up in mid-single digits, thanks to carryover pricing and increased volume in aerospace, automotive and healthcare sectors. However, Shelter Solutions faced a 12% decline in organic sales, primarily due to softness in construction markets and channel inventory destocking, partly offset by carryover pricing.
Financials
DuPont had cash and cash equivalents of $4,885 million at the end of the quarter, up around 239% year over year. Long-term debt was $7,775 million, down around 27% year over year.
The company also generated operating cash flow from continuing operations of $400 million during the quarter.
Guidance
The company now sees net sales for 2023 to be in the range of $12,450-$12,550 million. Adjusted earnings per share for 2023 are forecast to be $3.40-$3.50. For third-quarter 2023, the company sees net sales of roughly $3,150 million. Adjusted earnings per share for the quarter are projected at roughly 84 cents.
The Electronics & Industrial segment is expected to see a 10% organic decline in revenues compared to the previous year. However, the addition of Spectrum is set to boost reported revenues starting from Aug 1. Overall, full-year revenues are projected to decrease approximately 10% organically, primarily due to lower volumes and production adjustments.
For the Water & Protection unit, a mid-single-digit decline in revenues on an organic basis is expected compared to the previous year, as the benefit from carryover pricing ends. Despite this, Water Solutions is forecast to achieve mid-single-digit organic growth for the full year, though it may face some weakness in the second half due to softer demand in China. On the other hand, Safety Solutions is projected to experience steady demand throughout 2023, driven by growth in the aerospace, automotive and healthcare sectors. Meanwhile, the construction end markets are expected to remain weak throughout the year, with the impact of destocking reducing in the second half.
Price Performance
DuPont’s shares have risen 32.5% in a year compared with 13.6% rise recorded by the industry.
Image Source: Zacks Investment Research
Zacks Rank & Key Picks
DuPont currently carries a Zacks Rank #4 (Sell).
Some better-ranked stocks in the Basic Materials space include Livent Corporation LTHM,and Carpenter Technology Corporation CRS, both sporting a Zacks Rank #1 (Strong Buy), and PPG Industries, Inc. PPG, carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for LTHM’s current-year earnings has been revised 14% upward in the past 90 days. LTHM beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 22%.
The earnings estimate for CRS’s current year is pegged at $1.04, indicating year-over-year growth of 198%. CRS beat the Zacks Consensus Estimate in all the last four quarters, with the average earnings surprise being 30.9%. The company’s shares have rallied 83.9% in the past year.
The Zacks Consensus Estimate for PPG’s current-year earnings has been revised 6.8% upward in the past 60 days. PPG beat the Zacks Consensus Estimate in three of the last four quarters. It delivered a trailing four-quarter earnings surprise of 7.3% on average. The company’s shares have risen roughly 14.9% in the past year.
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PPG Industries, Inc. (PPG) : Free Stock Analysis Report
DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report
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Livent Corporation (LTHM) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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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DuPont de Nemours, Inc. DD reported earnings from continuing operations of 55 cents per share for second-quarter 2023, down from 71 cents per share in the year-ago quarter. However, the addition of Spectrum is set to boost reported revenues starting from Aug 1. Click to get this free report PPG Industries, Inc. (PPG) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Carpenter Technology Corporation (CRS) : Free Stock Analysis Report Livent Corporation (LTHM) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report PPG Industries, Inc. (PPG) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Carpenter Technology Corporation (CRS) : Free Stock Analysis Report Livent Corporation (LTHM) : Free Stock Analysis Report To read this article on Zacks.com click here. DuPont de Nemours, Inc. DD reported earnings from continuing operations of 55 cents per share for second-quarter 2023, down from 71 cents per share in the year-ago quarter. However, the addition of Spectrum is set to boost reported revenues starting from Aug 1.
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Click to get this free report PPG Industries, Inc. (PPG) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Carpenter Technology Corporation (CRS) : Free Stock Analysis Report Livent Corporation (LTHM) : Free Stock Analysis Report To read this article on Zacks.com click here. DuPont de Nemours, Inc. DD reported earnings from continuing operations of 55 cents per share for second-quarter 2023, down from 71 cents per share in the year-ago quarter. However, the addition of Spectrum is set to boost reported revenues starting from Aug 1.
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DuPont de Nemours, Inc. DD reported earnings from continuing operations of 55 cents per share for second-quarter 2023, down from 71 cents per share in the year-ago quarter. However, the addition of Spectrum is set to boost reported revenues starting from Aug 1. Click to get this free report PPG Industries, Inc. (PPG) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Carpenter Technology Corporation (CRS) : Free Stock Analysis Report Livent Corporation (LTHM) : Free Stock Analysis Report To read this article on Zacks.com click here.
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2023-08-02 00:00:00 UTC
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US STOCKS-Wall St falls after Fitch downgrades top-tier US rating
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https://www.nasdaq.com/articles/us-stocks-wall-st-falls-after-fitch-downgrades-top-tier-us-rating
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By Johann M Cherian and Bansari Mayur Kamdar
Aug 2 (Reuters) - Wall Street fell on Wednesday after rating agency Fitch's move to downgrade the U.S. government's credit rating hit appetite for risky assets around the world.
Fitch downgraded the United States to AA+ from AAA, citing fiscal deterioration over the next three years as well as a growing general government debt burden, making it the second major rating agency after Standard & Poor's move in 2011 to strip the country of its triple-A rating.
The yield on U.S. 10-year Treasury notes US10YT=RR rose to 4.07%, after briefly slipping earlier in the day.
Safe havens gold XAU= and the Japanese yen JPY=EBS rose, while the dollar index =USD climbed 0.5%. US/
Several major brokerages said Fitch's downgrade was unlikely to result in a sustained drag on U.S. financial markets, noting that the economy was stronger than in 2011.
"Certainly markets haven't reacted anything like they did back in 2011, but as investors come in and look at what's going on, it makes them a little uncomfortable and the natural reaction is to simply hit sell," said Randy Frederick, managing director of trading and derivatives for Charles Schwab.
"Markets are also a bit stretched to the upside and are also probably due for some pullback."
At 9:39 a.m. ET, the Dow Jones Industrial Average .DJI was down 124.43 points, or 0.35%, at 35,506.25, the S&P 500 .SPX was down 35.45 points, or 0.77%, at 4,541.28, and the Nasdaq Composite .IXIC was down 185.63 points, or 1.30%, at 14,098.28.
Megacap stocks including Tesla TSLA.O, Nvidia NVDA.O, Meta Platforms META.O and Apple AAPL.O fell between 1.3% and 1.8%.
Meanwhile, the ADP National Employment report showed private payrolls increased more than expected in July, pointing to continued labor market resilience that could shield the economy from a recession.
U.S. second-quarter earnings are now expected to fall 5.9% from a year earlier, as per Refinitiv data, compared with a 7.9% decline estimated a week earlier.
The benchmark S&P 500 .SPX and tech-heavy Nasdaq .IXIC took a breather in the previous session as investors entered a seasonally slow August.
CVS Health CorpCVS.N added 1.8% on beating Wall Street estimates for quarterly profit, boosted by strength in its pharmacy benefit management unit and lower-than-expected medical costs in its health insurance business.
DuPont de NemoursDD.N fell 1.7% on reporting a 7% fall in quarterly revenue due to weakness in the electronics and industrial unit.
EmersonEMR.N climbed 4.9% after the industrial software firm raised its annual profit outlook as companies increase spending on automation in response to a tight labor market.
Wells FargoWFC.N said it expects to pay as much as $1.8 billion to help replenish a government deposit insurance fund that was drained of $16 billion this year after three banks collapsed, sending its shares 1.4% lower.
Advanced Micro DevicesAMD.O shed 1.0%, after opening higher on forecasting an upbeat finish to the year and on plans to launch AI chips that could compete with market leader Nvidia NVDA.O.
Declining issues outnumbered advancers by a 6.59-to-1 ratio on the NYSE and a 3.61-to-1 ratio on the Nasdaq.
The S&P index recorded five new 52-week highs and four new lows, while the Nasdaq recorded 24 new highs and 40 new lows.
US loses top AAA credit rating from Fitch https://tmsnrt.rs/3OgSgb2
Stocks lead recovery in 2023 https://tmsnrt.rs/3Kmeg2Y
(Reporting by Johann M Cherian and Bansari Mayur Kamdar in Bengaluru; Editing by Saumyadeb Chakrabarty and Vinay Dwivedi)
((johann.mcherian@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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CVS Health CorpCVS.N added 1.8% on beating Wall Street estimates for quarterly profit, boosted by strength in its pharmacy benefit management unit and lower-than-expected medical costs in its health insurance business. DuPont de NemoursDD.N fell 1.7% on reporting a 7% fall in quarterly revenue due to weakness in the electronics and industrial unit. "Certainly markets haven't reacted anything like they did back in 2011, but as investors come in and look at what's going on, it makes them a little uncomfortable and the natural reaction is to simply hit sell," said Randy Frederick, managing director of trading and derivatives for Charles Schwab.
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CVS Health CorpCVS.N added 1.8% on beating Wall Street estimates for quarterly profit, boosted by strength in its pharmacy benefit management unit and lower-than-expected medical costs in its health insurance business. DuPont de NemoursDD.N fell 1.7% on reporting a 7% fall in quarterly revenue due to weakness in the electronics and industrial unit. By Johann M Cherian and Bansari Mayur Kamdar Aug 2 (Reuters) - Wall Street fell on Wednesday after rating agency Fitch's move to downgrade the U.S. government's credit rating hit appetite for risky assets around the world.
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CVS Health CorpCVS.N added 1.8% on beating Wall Street estimates for quarterly profit, boosted by strength in its pharmacy benefit management unit and lower-than-expected medical costs in its health insurance business. DuPont de NemoursDD.N fell 1.7% on reporting a 7% fall in quarterly revenue due to weakness in the electronics and industrial unit. By Johann M Cherian and Bansari Mayur Kamdar Aug 2 (Reuters) - Wall Street fell on Wednesday after rating agency Fitch's move to downgrade the U.S. government's credit rating hit appetite for risky assets around the world.
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CVS Health CorpCVS.N added 1.8% on beating Wall Street estimates for quarterly profit, boosted by strength in its pharmacy benefit management unit and lower-than-expected medical costs in its health insurance business. DuPont de NemoursDD.N fell 1.7% on reporting a 7% fall in quarterly revenue due to weakness in the electronics and industrial unit. By Johann M Cherian and Bansari Mayur Kamdar Aug 2 (Reuters) - Wall Street fell on Wednesday after rating agency Fitch's move to downgrade the U.S. government's credit rating hit appetite for risky assets around the world.
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d51e5196-f120-48d7-8a68-928b9d32cb44
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715781.0
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2023-08-02 00:00:00 UTC
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DuPont de Nemours (DD) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
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DD
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https://www.nasdaq.com/articles/dupont-de-nemours-dd-q2-earnings%3A-taking-a-look-at-key-metrics-versus-estimates
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nan
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DuPont de Nemours (DD) reported $3.09 billion in revenue for the quarter ended June 2023, representing a year-over-year decline of 6.9%. EPS of $0.85 for the same period compares to $0.88 a year ago.
The reported revenue represents a surprise of +3.04% over the Zacks Consensus Estimate of $3 billion. With the consensus EPS estimate being $0.83, the EPS surprise was +2.41%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how DuPont de Nemours performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net sales- Electronics & Industrial: $1.31 billion compared to the $1.29 billion average estimate based on four analysts. The reported number represents a change of -14.1% year over year.
Net sales- Corporate: $288 million compared to the $271.04 million average estimate based on four analysts.
Net sales- Water & Protection: $1.49 billion versus $1.46 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -0.2% change.
Operating EBITDA- Electronics & Industrial: $349 million versus the four-analyst average estimate of $370.06 million.
Operating EBITDA- Corporate: $21 million versus $2.33 million estimated by four analysts on average.
Operating EBITDA- Water & Protection: $368 million versus the four-analyst average estimate of $344.09 million.
View all Key Company Metrics for DuPont de Nemours here>>>
Shares of DuPont de Nemours have returned +7.6% over the past month versus the Zacks S&P 500 composite's +3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
4 Oil Stocks with Massive Upsides
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In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
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
DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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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DuPont de Nemours (DD) reported $3.09 billion in revenue for the quarter ended June 2023, representing a year-over-year decline of 6.9%. Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report To read this article on Zacks.com click here. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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DuPont de Nemours (DD) reported $3.09 billion in revenue for the quarter ended June 2023, representing a year-over-year decline of 6.9%. Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report To read this article on Zacks.com click here. Here is how DuPont de Nemours performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net sales- Electronics & Industrial: $1.31 billion compared to the $1.29 billion average estimate based on four analysts.
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Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report To read this article on Zacks.com click here. DuPont de Nemours (DD) reported $3.09 billion in revenue for the quarter ended June 2023, representing a year-over-year decline of 6.9%. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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DuPont de Nemours (DD) reported $3.09 billion in revenue for the quarter ended June 2023, representing a year-over-year decline of 6.9%. Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report To read this article on Zacks.com click here. Here is how DuPont de Nemours performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net sales- Electronics & Industrial: $1.31 billion compared to the $1.29 billion average estimate based on four analysts.
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872e28a6-4a0b-492e-ac12-b73790941c4e
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715782.0
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2023-08-02 00:00:00 UTC
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US STOCKS-Wall St set for lower open after Fitch downgrades top-tier US rating
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DD
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https://www.nasdaq.com/articles/us-stocks-wall-st-set-for-lower-open-after-fitch-downgrades-top-tier-us-rating
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For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.
Fitch cuts US credit rating to AA+
Starbucks falls on Q3 revenue miss
Wells Fargo slides on plan to help refill FDIC coffers
U.S. private payrolls beat expectations in July, ADP says
Futures down: Dow 0.41%, S&P 0.60%, Nasdaq 0.84%
Updated at 08:33 a.m. ET/1233 GMT
By Johann M Cherian and Bansari Mayur Kamdar
Aug 2 (Reuters) - Wall Street was set to open lower on Wednesday after rating agency Fitch's move to downgrade the U.S. government's credit rating hit appetite for risky assets around the world.
Fitch downgraded the United States to AA+ from AAA, citing fiscal deterioration over the next three years as well as a growing general government debt burden, making it the second major rating agency after Standard & Poor's move in 2011 to strip the country of its triple-A rating.
The yield on U.S. 10-year Treasury notes US10YT=RR slipped to 4.04%. Safe havens gold XAU= and the Japanese yen JPY=EBS rose, while the dollar index =USD edged higher. US/
"We're headed for a lower opening because the Fitch downgrade is causing a bit of a selloff," said Peter Cardillo, chief market economist at Spartan Capital Securities.
"All that is important is that it's a wake up call for the politicians because of prolonged agreements and fiscal irresponsibility."
At 08:33 a.m. ET, Dow e-minis 1YMcv1 were down 148 points, or 0.41%, S&P 500 e-minis EScv1 were down 27.75 points, or 0.6%, and Nasdaq 100 e-minis NQcv1 were down 133.5 points, or 0.84%.
Megacap stocks including Tesla TSLA.O, Nvidia NVDA.O, Meta Platforms META.O and Microsoft MSFT.O fell between 0.9% and 2.0% in premarket trading.
Meanwhile, the ADP National Employment report showed private payrolls increased more than expected in July, pointing to continued labor market resilience that could shield the economy from a recession.
Beating the trend, Advanced Micro DevicesAMD.O rose 2.2% after forecasting an upbeat finish to the year and on plans to launch AI chips that could compete with market leader Nvidia NVDA.O.
U.S. second-quarter earnings are now expected to fall 5.9% from a year earlier, as per Refinitiv data, compared with a 7.9% decline estimated a week earlier.
The benchmark S&P 500 .SPX and tech-heavy Nasdaq .IXIC took a breather in the previous session as investors entered a seasonally slow August. The blue-chip loaded Dow .DJI ended higher, underpinned by gains in Caterpillar CAT.N after the global economic bellwether posted upbeat quarterly profits.
Among other early movers, StarbucksSBUX.O eased 1.1% after the world's largest coffeehouse chain missed market expectations for quarterly comparable sales.
CVS Health CorpCVS.N shed 0.9% even as it reported upbeat second-quarter earnings, and said it had begun implementing a restructuring program to cut costs after a recent spree of acquisitions.
DuPont de NemoursDD.N fell 1.4% on reporting a 7% fall in quarterly revenue due to weakness in the electronics and industrial unit.
EmersonEMR.N climbed 4.8% after the industrial software firm raised its annual profit outlook as companies increase spending on automation in response to a tight labor market.
Wells FargoWFC.N said it expects to pay as much as $1.8 billion to help replenish a government deposit insurance fund that was drained of $16 billion this year after three banks collapsed, sending its shares 0.9% lower.
US loses top AAA credit rating from Fitch https://tmsnrt.rs/3OgSgb2
Stocks lead recovery in 2023 https://tmsnrt.rs/3Kmeg2Y
(Reporting by Johann M Cherian and Bansari Mayur Kamdar in Bengaluru; Editing by Saumyadeb Chakrabarty and Vinay Dwivedi)
((johann.mcherian@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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DuPont de NemoursDD.N fell 1.4% on reporting a 7% fall in quarterly revenue due to weakness in the electronics and industrial unit. Meanwhile, the ADP National Employment report showed private payrolls increased more than expected in July, pointing to continued labor market resilience that could shield the economy from a recession. Beating the trend, Advanced Micro DevicesAMD.O rose 2.2% after forecasting an upbeat finish to the year and on plans to launch AI chips that could compete with market leader Nvidia NVDA.O.
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DuPont de NemoursDD.N fell 1.4% on reporting a 7% fall in quarterly revenue due to weakness in the electronics and industrial unit. Fitch cuts US credit rating to AA+ Starbucks falls on Q3 revenue miss Wells Fargo slides on plan to help refill FDIC coffers U.S. private payrolls beat expectations in July, ADP says Futures down: Dow 0.41%, S&P 0.60%, Nasdaq 0.84% Updated at 08:33 a.m. ET/1233 GMT By Johann M Cherian and Bansari Mayur Kamdar Aug 2 (Reuters) - Wall Street was set to open lower on Wednesday after rating agency Fitch's move to downgrade the U.S. government's credit rating hit appetite for risky assets around the world. Meanwhile, the ADP National Employment report showed private payrolls increased more than expected in July, pointing to continued labor market resilience that could shield the economy from a recession.
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DuPont de NemoursDD.N fell 1.4% on reporting a 7% fall in quarterly revenue due to weakness in the electronics and industrial unit. Fitch cuts US credit rating to AA+ Starbucks falls on Q3 revenue miss Wells Fargo slides on plan to help refill FDIC coffers U.S. private payrolls beat expectations in July, ADP says Futures down: Dow 0.41%, S&P 0.60%, Nasdaq 0.84% Updated at 08:33 a.m. ET/1233 GMT By Johann M Cherian and Bansari Mayur Kamdar Aug 2 (Reuters) - Wall Street was set to open lower on Wednesday after rating agency Fitch's move to downgrade the U.S. government's credit rating hit appetite for risky assets around the world. Fitch downgraded the United States to AA+ from AAA, citing fiscal deterioration over the next three years as well as a growing general government debt burden, making it the second major rating agency after Standard & Poor's move in 2011 to strip the country of its triple-A rating.
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DuPont de NemoursDD.N fell 1.4% on reporting a 7% fall in quarterly revenue due to weakness in the electronics and industrial unit. For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Fitch cuts US credit rating to AA+ Starbucks falls on Q3 revenue miss Wells Fargo slides on plan to help refill FDIC coffers U.S. private payrolls beat expectations in July, ADP says Futures down: Dow 0.41%, S&P 0.60%, Nasdaq 0.84% Updated at 08:33 a.m. ET/1233 GMT By Johann M Cherian and Bansari Mayur Kamdar Aug 2 (Reuters) - Wall Street was set to open lower on Wednesday after rating agency Fitch's move to downgrade the U.S. government's credit rating hit appetite for risky assets around the world.
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271d025e-a412-483a-9298-0824a33b869c
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715783.0
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2023-08-02 00:00:00 UTC
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DuPont beats estimates for second-quarter profit
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DD
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https://www.nasdaq.com/articles/dupont-beats-estimates-for-second-quarter-profit-0
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Adds revenue details in paragraph 3
Aug 2(Reuters) - DuPont de Nemours Inc DD.N beat estimates for second-quarter profit on Wednesday, benefiting from strong demand for materials used in aerospace, automotive and healthcare industries.
On an adjusted basis, the company earned 85 cents per share in the quarter ended June 30, compared with estimates of 83 cents, according to Refinitiv data.
Revenue, however, fell 7% to $3.1 billion due to weakness in the electronics and industrial unit.
(Reporting by Arshreet Singh; Editing by Anil D'Silva)
((Arshreet.Singh@thomsonreuters.com; Twitter: https://twitter.com/Arshreets))
The views and 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 revenue details in paragraph 3 Aug 2(Reuters) - DuPont de Nemours Inc DD.N beat estimates for second-quarter profit on Wednesday, benefiting from strong demand for materials used in aerospace, automotive and healthcare industries. Revenue, however, fell 7% to $3.1 billion due to weakness in the electronics and industrial unit. (Reporting by Arshreet Singh; Editing by Anil D'Silva) ((Arshreet.Singh@thomsonreuters.com; Twitter: https://twitter.com/Arshreets)) The views and 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 revenue details in paragraph 3 Aug 2(Reuters) - DuPont de Nemours Inc DD.N beat estimates for second-quarter profit on Wednesday, benefiting from strong demand for materials used in aerospace, automotive and healthcare industries. On an adjusted basis, the company earned 85 cents per share in the quarter ended June 30, compared with estimates of 83 cents, according to Refinitiv data. (Reporting by Arshreet Singh; Editing by Anil D'Silva) ((Arshreet.Singh@thomsonreuters.com; Twitter: https://twitter.com/Arshreets)) The views and 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 revenue details in paragraph 3 Aug 2(Reuters) - DuPont de Nemours Inc DD.N beat estimates for second-quarter profit on Wednesday, benefiting from strong demand for materials used in aerospace, automotive and healthcare industries. On an adjusted basis, the company earned 85 cents per share in the quarter ended June 30, compared with estimates of 83 cents, according to Refinitiv data. (Reporting by Arshreet Singh; Editing by Anil D'Silva) ((Arshreet.Singh@thomsonreuters.com; Twitter: https://twitter.com/Arshreets)) The views and 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 revenue details in paragraph 3 Aug 2(Reuters) - DuPont de Nemours Inc DD.N beat estimates for second-quarter profit on Wednesday, benefiting from strong demand for materials used in aerospace, automotive and healthcare industries. On an adjusted basis, the company earned 85 cents per share in the quarter ended June 30, compared with estimates of 83 cents, according to Refinitiv data. Revenue, however, fell 7% to $3.1 billion due to weakness in the electronics and industrial unit.
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0ea049f9-45ed-4798-871e-62b38d69645a
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715784.0
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2023-08-02 00:00:00 UTC
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DuPont de Nemours (DD) Q2 Earnings and Revenues Beat Estimates
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DD
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https://www.nasdaq.com/articles/dupont-de-nemours-dd-q2-earnings-and-revenues-beat-estimates
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DuPont de Nemours (DD) came out with quarterly earnings of $0.85 per share, beating the Zacks Consensus Estimate of $0.83 per share. This compares to earnings of $0.88 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 2.41%. A quarter ago, it was expected that this specialty chemicals maker would post earnings of $0.81 per share when it actually produced earnings of $0.84, delivering a surprise of 3.70%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
DuPont de Nemours, which belongs to the Zacks Chemical - Diversified industry, posted revenues of $3.09 billion for the quarter ended June 2023, surpassing the Zacks Consensus Estimate by 3.04%. This compares to year-ago revenues of $3.32 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
DuPont de Nemours shares have added about 12.3% since the beginning of the year versus the S&P 500's gain of 19.2%.
What's Next for DuPont de Nemours?
While DuPont de Nemours has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for DuPont de Nemours: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.92 on $3.18 billion in revenues for the coming quarter and $3.57 on $12.37 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Chemical - Diversified is currently in the bottom 7% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Compass Minerals (CMP), has yet to report results for the quarter ended June 2023. The results are expected to be released on August 8.
This minerals producer is expected to post quarterly loss of $0.16 per share in its upcoming report, which represents no change from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 53.9% higher over the last 30 days to the current level.
Compass Minerals' revenues are expected to be $215.25 million, up 0.3% from the year-ago quarter.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
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
DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report
Compass Minerals International, Inc. (CMP) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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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DuPont de Nemours (DD) came out with quarterly earnings of $0.85 per share, beating the Zacks Consensus Estimate of $0.83 per share. DuPont de Nemours shares have added about 12.3% since the beginning of the year versus the S&P 500's gain of 19.2%. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook.
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Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Compass Minerals International, Inc. (CMP) : Free Stock Analysis Report To read this article on Zacks.com click here. DuPont de Nemours (DD) came out with quarterly earnings of $0.85 per share, beating the Zacks Consensus Estimate of $0.83 per share. DuPont de Nemours shares have added about 12.3% since the beginning of the year versus the S&P 500's gain of 19.2%.
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DuPont de Nemours (DD) came out with quarterly earnings of $0.85 per share, beating the Zacks Consensus Estimate of $0.83 per share. Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Compass Minerals International, Inc. (CMP) : Free Stock Analysis Report To read this article on Zacks.com click here. DuPont de Nemours shares have added about 12.3% since the beginning of the year versus the S&P 500's gain of 19.2%.
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DuPont de Nemours (DD) came out with quarterly earnings of $0.85 per share, beating the Zacks Consensus Estimate of $0.83 per share. DuPont de Nemours shares have added about 12.3% since the beginning of the year versus the S&P 500's gain of 19.2%. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook.
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85b3a662-2b23-4363-90f3-b3718c3fcde0
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715785.0
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2023-08-02 00:00:00 UTC
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DuPont beats estimates for second-quarter profit
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DD
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https://www.nasdaq.com/articles/dupont-beats-estimates-for-second-quarter-profit
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nan
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nan
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Aug 2(Reuters) - DuPont de Nemours Inc DD.N beat estimates for second-quarter profit on Wednesday, benefiting from strong demand for materials used in aerospace, automotive and healthcare industries.
On an adjusted basis, the company earned 85 cents per share in the quarter ended June 30, compared with estimates of 83 cents, according to Refinitiv data.
(Reporting by Arshreet Singh; Editing by Anil D'Silva)
((Arshreet.Singh@thomsonreuters.com; Twitter: https://twitter.com/Arshreets))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Aug 2(Reuters) - DuPont de Nemours Inc DD.N beat estimates for second-quarter profit on Wednesday, benefiting from strong demand for materials used in aerospace, automotive and healthcare industries. On an adjusted basis, the company earned 85 cents per share in the quarter ended June 30, compared with estimates of 83 cents, according to Refinitiv data. (Reporting by Arshreet Singh; Editing by Anil D'Silva) ((Arshreet.Singh@thomsonreuters.com; Twitter: https://twitter.com/Arshreets)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aug 2(Reuters) - DuPont de Nemours Inc DD.N beat estimates for second-quarter profit on Wednesday, benefiting from strong demand for materials used in aerospace, automotive and healthcare industries. On an adjusted basis, the company earned 85 cents per share in the quarter ended June 30, compared with estimates of 83 cents, according to Refinitiv data. (Reporting by Arshreet Singh; Editing by Anil D'Silva) ((Arshreet.Singh@thomsonreuters.com; Twitter: https://twitter.com/Arshreets)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aug 2(Reuters) - DuPont de Nemours Inc DD.N beat estimates for second-quarter profit on Wednesday, benefiting from strong demand for materials used in aerospace, automotive and healthcare industries. On an adjusted basis, the company earned 85 cents per share in the quarter ended June 30, compared with estimates of 83 cents, according to Refinitiv data. (Reporting by Arshreet Singh; Editing by Anil D'Silva) ((Arshreet.Singh@thomsonreuters.com; Twitter: https://twitter.com/Arshreets)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aug 2(Reuters) - DuPont de Nemours Inc DD.N beat estimates for second-quarter profit on Wednesday, benefiting from strong demand for materials used in aerospace, automotive and healthcare industries. On an adjusted basis, the company earned 85 cents per share in the quarter ended June 30, compared with estimates of 83 cents, according to Refinitiv data. (Reporting by Arshreet Singh; Editing by Anil D'Silva) ((Arshreet.Singh@thomsonreuters.com; Twitter: https://twitter.com/Arshreets)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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42eb19b0-d4c4-453d-a986-080f3bda9b1c
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715786.0
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2023-08-02 00:00:00 UTC
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EI DuPont De Nemours & Co. Q2 Earnings Summary
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DD
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https://www.nasdaq.com/articles/ei-dupont-de-nemours-co.-q2-earnings-summary
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nan
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(RTTNews) - Below are the earnings highlights for EI DuPont De Nemours & Co. (DD):
Earnings: -$131 million in Q2 vs. $787 million in the same period last year. EPS: -$0.28 in Q2 vs. $1.55 in the same period last year. Excluding items, EI DuPont De Nemours & Co. reported adjusted earnings of $391 million or $0.85 per share for the period.
Revenue: $3.09 billion in Q2 vs. $3.32 billion in the same period last year.
-Guidance: Next quarter EPS guidance: $0.84 Next quarter revenue guidance: $3,150 Mln Full year EPS guidance: $3.40 - $3.50 Full year revenue guidance: $12,450 - $12550 Mln
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Below are the earnings highlights for EI DuPont De Nemours & Co. (DD): Earnings: -$131 million in Q2 vs. $787 million in the same period last year. Excluding items, EI DuPont De Nemours & Co. reported adjusted earnings of $391 million or $0.85 per share for the period. -Guidance: Next quarter EPS guidance: $0.84 Next quarter revenue guidance: $3,150 Mln Full year EPS guidance: $3.40 - $3.50 Full year revenue guidance: $12,450 - $12550 Mln The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Below are the earnings highlights for EI DuPont De Nemours & Co. (DD): Earnings: -$131 million in Q2 vs. $787 million in the same period last year. Excluding items, EI DuPont De Nemours & Co. reported adjusted earnings of $391 million or $0.85 per share for the period. -Guidance: Next quarter EPS guidance: $0.84 Next quarter revenue guidance: $3,150 Mln Full year EPS guidance: $3.40 - $3.50 Full year revenue guidance: $12,450 - $12550 Mln The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Below are the earnings highlights for EI DuPont De Nemours & Co. (DD): Earnings: -$131 million in Q2 vs. $787 million in the same period last year. Excluding items, EI DuPont De Nemours & Co. reported adjusted earnings of $391 million or $0.85 per share for the period. -Guidance: Next quarter EPS guidance: $0.84 Next quarter revenue guidance: $3,150 Mln Full year EPS guidance: $3.40 - $3.50 Full year revenue guidance: $12,450 - $12550 Mln The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Below are the earnings highlights for EI DuPont De Nemours & Co. (DD): Earnings: -$131 million in Q2 vs. $787 million in the same period last year. EPS: -$0.28 in Q2 vs. $1.55 in the same period last year. Excluding items, EI DuPont De Nemours & Co. reported adjusted earnings of $391 million or $0.85 per share for the period.
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cad5a217-13d6-4aee-a65d-dbde10fad1f4
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715787.0
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2023-08-02 00:00:00 UTC
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EI DuPont De Nemours & Co. Q2 23 Earnings Conference Call At 8:00 AM ET
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DD
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https://www.nasdaq.com/articles/ei-dupont-de-nemours-co.-q2-23-earnings-conference-call-at-8%3A00-am-et
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nan
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nan
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(RTTNews) - EI DuPont De Nemours & Co. (DD) will host a conference call at 8:00 AM ET on August 2, 2023, to discuss Q2 23 earnings results.
To access the live webcast, log on to https://www.investors.dupont.com/investors/dupont-investors/default.aspx
To listen to the call, dial 888-440-4172 or +1-646-960-0673, Conference ID 5994046.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - EI DuPont De Nemours & Co. (DD) will host a conference call at 8:00 AM ET on August 2, 2023, to discuss Q2 23 earnings results. To access the live webcast, log on to https://www.investors.dupont.com/investors/dupont-investors/default.aspx To listen to the call, dial 888-440-4172 or +1-646-960-0673, Conference ID 5994046. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - EI DuPont De Nemours & Co. (DD) will host a conference call at 8:00 AM ET on August 2, 2023, to discuss Q2 23 earnings results. To access the live webcast, log on to https://www.investors.dupont.com/investors/dupont-investors/default.aspx To listen to the call, dial 888-440-4172 or +1-646-960-0673, Conference ID 5994046. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - EI DuPont De Nemours & Co. (DD) will host a conference call at 8:00 AM ET on August 2, 2023, to discuss Q2 23 earnings results. To access the live webcast, log on to https://www.investors.dupont.com/investors/dupont-investors/default.aspx To listen to the call, dial 888-440-4172 or +1-646-960-0673, Conference ID 5994046. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - EI DuPont De Nemours & Co. (DD) will host a conference call at 8:00 AM ET on August 2, 2023, to discuss Q2 23 earnings results. To access the live webcast, log on to https://www.investors.dupont.com/investors/dupont-investors/default.aspx To listen to the call, dial 888-440-4172 or +1-646-960-0673, Conference ID 5994046. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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7fb8a6fe-d546-4316-a0ba-2a0278f34cb4
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715788.0
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2023-08-02 00:00:00 UTC
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DuPont Issues Q3 Outlook, Cuts FY23 View - Update
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DD
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https://www.nasdaq.com/articles/dupont-issues-q3-outlook-cuts-fy23-view-update
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nan
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nan
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(RTTNews) - DuPont De Nemours & Co. (DD), while reporting a loss in its second quarter with weak sales, on Wednesday issued third-quarter outlook and also trimmed its fiscal 2023 forecast.
For the third quarter, the company projects adjusted earnings per share of around $0.84, and net sales of around $3.15 billion.
On average, 16 analysts polled by Thomson Reuters expect earnings of $1.10 per share for the quarter on sales of $4.17 billion. Analysts' estimates typically exclude special items.
Further, for fiscal 2023, the company now projects adjusted earnings per share between $3.40 and $3.50 per share, and net sales between $12.45 billion and $12.55 billion.
The company previously expected adjusted earnings per share between $3.55 and $3.70 per share, and net sales between $12.30 billion and $12.50 billion.
The Street is looking for earnings of $4.3 per share on sales of $16.5 billion for the year.
Lori Koch, Chief Financial Officer of DuPont, said, "As we look at the current demand environment, we continue to expect fairly steady demand in most of our industrial-based end-markets within the E&I and W&P segments, although we expect sales moderation in our Water Solutions business due to slower demand in China....Our third quarter and revised 2023 full year guidance reflects these assumptions, as well as the estimated contribution from Spectrum beginning August 1."
In the second quarter, net loss available to the shareholders was $131 million, compared to profit of $787 million in the same period last year. Loss per share were $0.28, compared to profit of $1.55 in the prir year.
Adjusted earnings were $391 million or $0.85 per share for the period, compared to $446 million or $0.88 per share a year ago.
Net sales declined 7 percent to $3.09 billion from $3.32 billion in the same period last year.
Analysts expected earnings of $1.13 per share on sales of $4.2 billion.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.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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(RTTNews) - DuPont De Nemours & Co. (DD), while reporting a loss in its second quarter with weak sales, on Wednesday issued third-quarter outlook and also trimmed its fiscal 2023 forecast. On average, 16 analysts polled by Thomson Reuters expect earnings of $1.10 per share for the quarter on sales of $4.17 billion. Lori Koch, Chief Financial Officer of DuPont, said, "As we look at the current demand environment, we continue to expect fairly steady demand in most of our industrial-based end-markets within the E&I and W&P segments, although we expect sales moderation in our Water Solutions business due to slower demand in China....Our third quarter and revised 2023 full year guidance reflects these assumptions, as well as the estimated contribution from Spectrum beginning August 1."
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(RTTNews) - DuPont De Nemours & Co. (DD), while reporting a loss in its second quarter with weak sales, on Wednesday issued third-quarter outlook and also trimmed its fiscal 2023 forecast. For the third quarter, the company projects adjusted earnings per share of around $0.84, and net sales of around $3.15 billion. Further, for fiscal 2023, the company now projects adjusted earnings per share between $3.40 and $3.50 per share, and net sales between $12.45 billion and $12.55 billion.
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(RTTNews) - DuPont De Nemours & Co. (DD), while reporting a loss in its second quarter with weak sales, on Wednesday issued third-quarter outlook and also trimmed its fiscal 2023 forecast. For the third quarter, the company projects adjusted earnings per share of around $0.84, and net sales of around $3.15 billion. Further, for fiscal 2023, the company now projects adjusted earnings per share between $3.40 and $3.50 per share, and net sales between $12.45 billion and $12.55 billion.
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(RTTNews) - DuPont De Nemours & Co. (DD), while reporting a loss in its second quarter with weak sales, on Wednesday issued third-quarter outlook and also trimmed its fiscal 2023 forecast. For the third quarter, the company projects adjusted earnings per share of around $0.84, and net sales of around $3.15 billion. Further, for fiscal 2023, the company now projects adjusted earnings per share between $3.40 and $3.50 per share, and net sales between $12.45 billion and $12.55 billion.
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bf0fce7f-7e32-41b5-945c-d4ad9174c951
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715789.0
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2023-08-01 00:00:00 UTC
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DuPont (DD) Warms Up to Q2 Earnings: What's in the Cards?
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DD
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https://www.nasdaq.com/articles/dupont-dd-warms-up-to-q2-earnings%3A-whats-in-the-cards-0
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nan
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nan
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DuPont de Nemours, Inc. DD is scheduled to come up with second-quarter 2023 results, before the opening bell on Aug 2.
The company surpassed the Zacks Consensus Estimate in each of the trailing four quarters. In this timeframe, it delivered an earnings surprise of around 9.1%, on average. It posted an earnings surprise of 3.7% in the last reported quarter.
DuPont is likely to have benefited from strong demand in water and general industrial and its pricing and productivity actions in the second quarter. However, its results are likely to reflect the impacts of destocking in consumer electronics and raw material cost inflation.
DuPont’s shares are up 29% over a year compared with 9.7% rise recorded by the industry it belongs to.
Image Source: Zacks Investment Research
Let’s see how things are shaping up for this announcement.
What do the Estimates Say?
The Zacks Consensus Estimate for revenues for the second quarter for DuPont is currently pinned at $3,003 million, suggesting an expected year-over-year decline of 9.6%.
Some Factors to Watch For
DuPont is expected to have benefited from healthy underlying demand in several end markets, including water and general industrial in the quarter to be reported. It is likely to have witnessed sustained strength in water and automotive adhesives, aerospace and healthcare.
The company is also likely to have benefited from its cost and productivity actions in the June quarter. Its structural cost actions are likely to have contributed to its bottom line in the quarter.
DuPont is also expected to have gained from its pricing actions. It continues to implement strategic price increases to offset the cost inflation. These actions are likely to have supported its results in the second quarter.
However, the company is likely to have faced challenges from the slowdown in the consumer electronics and semiconductor markets. Reduced consumer electronics spending and inventory destocking are impacting its volumes. Lower semiconductor fab utilization rates are also hurting sales in the semiconductor technologies business. DD is seeing weakness in electronics and channel inventory destocking. This is likely to have impacted its performance in the second quarter.
Our estimate for the company’s Electronics & Industrial segment is pinned at $1,330.5 million, indicating a 12.9% year over year decline. The same for the Water & Protection unit is pegged at $1,417 million, suggesting a 5.3% year over year decline.
DuPont is also expected to have faced headwinds from higher raw material and logistics costs in the second quarter. Supply constraints for major raw materials are expected to have continued in the quarter. Higher energy costs driven by the Russia-Ukraine conflict are also expected to have impacted its results.
DuPont de Nemours, Inc. Price and EPS Surprise
DuPont de Nemours, Inc. price-eps-surprise | DuPont de Nemours, Inc. Quote
Zacks Model
Our proven model does not conclusively predict an earnings beat for DuPont this season. 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. But that’s not the case here.
Earnings ESP: Earnings ESP for DuPont is +0.43%. The Zacks Consensus Estimate for earnings for the second quarter is currently pegged at 83 cents. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: DuPont currently carries a Zacks Rank #4 (Sell).
Stocks That Warrant a Look
Here are some companies in the basic materials space you may want to consider, as our model shows these have the right combination of elements to post an earnings beat this quarter:
Livent Corporation LTHM, scheduled to release earnings on Aug 3, has an Earnings ESP of +2.43% and carries a Zacks Rank #1. You can see the complete list of today’s Zacks Rank #1 stocks here.
The consensus estimate for LTHM’s earnings for the second quarter is currently pegged at 46 cents.
ATI Inc. ATI, slated to release earnings on Aug 2, has an Earnings ESP of +1.08% and carries a Zacks Rank #2 at present.
The consensus mark for ATI’s second-quarter earnings is currently pegged at 55 cents.
Kinross Gold Corporation KGC, which is slated to release its earnings on Aug 2, has an Earnings ESP of +2.03% and a Zacks Rank #3 at present.
The consensus estimate for KGC’s second-quarter earnings is currently pegged at 8 cents.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Livent Corporation (LTHM) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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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DuPont de Nemours, Inc. DD is scheduled to come up with second-quarter 2023 results, before the opening bell on Aug 2. DD is seeing weakness in electronics and channel inventory destocking. Click to get this free report ATI Inc. (ATI) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Kinross Gold Corporation (KGC) : Free Stock Analysis Report Livent Corporation (LTHM) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report ATI Inc. (ATI) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Kinross Gold Corporation (KGC) : Free Stock Analysis Report Livent Corporation (LTHM) : Free Stock Analysis Report To read this article on Zacks.com click here. DuPont de Nemours, Inc. DD is scheduled to come up with second-quarter 2023 results, before the opening bell on Aug 2. DD is seeing weakness in electronics and channel inventory destocking.
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Click to get this free report ATI Inc. (ATI) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Kinross Gold Corporation (KGC) : Free Stock Analysis Report Livent Corporation (LTHM) : Free Stock Analysis Report To read this article on Zacks.com click here. DuPont de Nemours, Inc. DD is scheduled to come up with second-quarter 2023 results, before the opening bell on Aug 2. DD is seeing weakness in electronics and channel inventory destocking.
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DuPont de Nemours, Inc. DD is scheduled to come up with second-quarter 2023 results, before the opening bell on Aug 2. DD is seeing weakness in electronics and channel inventory destocking. Click to get this free report ATI Inc. (ATI) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Kinross Gold Corporation (KGC) : Free Stock Analysis Report Livent Corporation (LTHM) : Free Stock Analysis Report To read this article on Zacks.com click here.
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113c25e1-6edc-4381-9645-f9bc3139904a
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715790.0
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2023-07-27 00:00:00 UTC
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Notable Thursday Option Activity: DD, CHTR, KMI
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DD
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https://www.nasdaq.com/articles/notable-thursday-option-activity%3A-dd-chtr-kmi
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nan
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nan
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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in DuPont (Symbol: DD), where a total volume of 15,081 contracts has been traded thus far today, a contract volume which is representative of approximately 1.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 52.9% of DD's average daily trading volume over the past month, of 2.9 million shares. Particularly high volume was seen for the $77 strike put option expiring August 18, 2023, with 9,478 contracts trading so far today, representing approximately 947,800 underlying shares of DD. Below is a chart showing DD's trailing twelve month trading history, with the $77 strike highlighted in orange:
Charter Communications Inc (Symbol: CHTR) saw options trading volume of 5,719 contracts, representing approximately 571,900 underlying shares or approximately 44.7% of CHTR's average daily trading volume over the past month, of 1.3 million shares. Especially high volume was seen for the $445 strike call option expiring August 18, 2023, with 965 contracts trading so far today, representing approximately 96,500 underlying shares of CHTR. Below is a chart showing CHTR's trailing twelve month trading history, with the $445 strike highlighted in orange:
And Kinder Morgan Inc. (Symbol: KMI) options are showing a volume of 57,827 contracts thus far today. That number of contracts represents approximately 5.8 million underlying shares, working out to a sizeable 42.1% of KMI's average daily trading volume over the past month, of 13.7 million shares. Particularly high volume was seen for the $18.50 strike call option expiring September 01, 2023, with 12,013 contracts trading so far today, representing approximately 1.2 million underlying shares of KMI. Below is a chart showing KMI's trailing twelve month trading history, with the $18.50 strike highlighted in orange:
For the various different available expirations for DD options, CHTR options, or KMI options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Largest Discount Preferreds
RARE Stock Predictions
CRCM shares outstanding 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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Particularly high volume was seen for the $77 strike put option expiring August 18, 2023, with 9,478 contracts trading so far today, representing approximately 947,800 underlying shares of DD. Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in DuPont (Symbol: DD), where a total volume of 15,081 contracts has been traded thus far today, a contract volume which is representative of approximately 1.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 52.9% of DD's average daily trading volume over the past month, of 2.9 million shares.
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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in DuPont (Symbol: DD), where a total volume of 15,081 contracts has been traded thus far today, a contract volume which is representative of approximately 1.5 million underlying shares (given that every 1 contract represents 100 underlying shares). Below is a chart showing DD's trailing twelve month trading history, with the $77 strike highlighted in orange: Charter Communications Inc (Symbol: CHTR) saw options trading volume of 5,719 contracts, representing approximately 571,900 underlying shares or approximately 44.7% of CHTR's average daily trading volume over the past month, of 1.3 million shares. That number works out to 52.9% of DD's average daily trading volume over the past month, of 2.9 million shares.
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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in DuPont (Symbol: DD), where a total volume of 15,081 contracts has been traded thus far today, a contract volume which is representative of approximately 1.5 million underlying shares (given that every 1 contract represents 100 underlying shares). Below is a chart showing DD's trailing twelve month trading history, with the $77 strike highlighted in orange: Charter Communications Inc (Symbol: CHTR) saw options trading volume of 5,719 contracts, representing approximately 571,900 underlying shares or approximately 44.7% of CHTR's average daily trading volume over the past month, of 1.3 million shares. That number works out to 52.9% of DD's average daily trading volume over the past month, of 2.9 million shares.
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Below is a chart showing DD's trailing twelve month trading history, with the $77 strike highlighted in orange: Charter Communications Inc (Symbol: CHTR) saw options trading volume of 5,719 contracts, representing approximately 571,900 underlying shares or approximately 44.7% of CHTR's average daily trading volume over the past month, of 1.3 million shares. Below is a chart showing KMI's trailing twelve month trading history, with the $18.50 strike highlighted in orange: For the various different available expirations for DD options, CHTR options, or KMI options, visit StockOptionsChannel.com. Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in DuPont (Symbol: DD), where a total volume of 15,081 contracts has been traded thus far today, a contract volume which is representative of approximately 1.5 million underlying shares (given that every 1 contract represents 100 underlying shares).
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8b9f521c-cff6-4cb9-9476-24997ac1bf6f
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715791.0
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2023-07-27 00:00:00 UTC
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Guru Fundamental Report for DD
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DD
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https://www.nasdaq.com/articles/guru-fundamental-report-for-dd-8
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nan
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nan
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Below is Validea's guru fundamental report for DUPONT DE NEMOURS INC (DD). Of the 22 guru strategies we follow, DD rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. This multi-factor model seeks low volatility stocks that also have strong momentum and high net payout yields.
DUPONT DE NEMOURS INC (DD) is a large-cap growth stock in the Biotechnology & Drugs industry. The rating using this strategy 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.
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.
MARKET CAP: PASS
STANDARD DEVIATION: PASS
TWELVE MINUS ONE MOMENTUM: NEUTRAL
NET PAYOUT YIELD: NEUTRAL
FINAL RANK: PASS
Detailed Analysis of DUPONT DE NEMOURS INC
DD Guru Analysis
DD Fundamental Analysis
More Information on Pim van Vliet
Pim van Vliet Portfolio
About Pim van Vliet: In investing, you typically need to take more risk to get more return. There is one major exception to this in the factor investing world, though. Low volatility stocks have been proven to outperform their high volatility counterparts, and do so with less risk. Pim van Vliet is the head of Conservative Equities at Robeco Asset Management. His research into conservative factor investing led to the creation of this strategy and the publication of the book "High Returns From Low Risk: A Remarkable Stock Market Paradox". Van Vliet holds a PhD in Financial and Business Economics from Erasmus University Rotterdam.
Additional Research Links
Top Healthcare Stocks
Dividend Aristocrats2023
Wide Moat Stocks2023
High Insider Ownership Stocks
Factor-Based Stock Portfolios
Excess Returns Investing Podcast
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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Below is Validea's guru fundamental report for DUPONT DE NEMOURS INC (DD). Of the 22 guru strategies we follow, DD rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. DUPONT DE NEMOURS INC (DD) is a large-cap growth stock in the Biotechnology & Drugs industry.
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Of the 22 guru strategies we follow, DD rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. Detailed Analysis of DUPONT DE NEMOURS INC DD Guru Analysis DD Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return. Below is Validea's guru fundamental report for DUPONT DE NEMOURS INC (DD).
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Of the 22 guru strategies we follow, DD rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. Detailed Analysis of DUPONT DE NEMOURS INC DD Guru Analysis DD Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return. Additional Research Links Top Healthcare Stocks Dividend Aristocrats2023 Wide Moat Stocks2023 High Insider Ownership Stocks Factor-Based Stock Portfolios Excess Returns Investing Podcast About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends.
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Of the 22 guru strategies we follow, DD rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. Detailed Analysis of DUPONT DE NEMOURS INC DD Guru Analysis DD Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return. Below is Validea's guru fundamental report for DUPONT DE NEMOURS INC (DD).
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4811938c-1a88-4fdb-87f5-af557078132d
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715792.0
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2023-07-26 00:00:00 UTC
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Ex-Dividend Reminder: DuPont, Celanese and Plains All American Pipeline
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DD
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https://www.nasdaq.com/articles/ex-dividend-reminder%3A-dupont-celanese-and-plains-all-american-pipeline
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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 7/28/23, DuPont (Symbol: DD), Celanese Corp (Symbol: CE), and Plains All American Pipeline LP (Symbol: PAA) will all trade ex-dividend for their respective upcoming dividends. DuPont will pay its quarterly dividend of $0.36 on 9/15/23, Celanese Corp will pay its quarterly dividend of $0.70 on 8/14/23, and Plains All American Pipeline LP will pay its quarterly dividend of $0.2675 on 8/14/23. As a percentage of DD's recent stock price of $76.92, this dividend works out to approximately 0.47%, so look for shares of DuPont to trade 0.47% lower — all else being equal — when DD shares open for trading on 7/28/23. Similarly, investors should look for CE to open 0.56% lower in price and for PAA to open 1.79% lower, all else being equal.
Below are dividend history charts for DD, CE, and PAA, showing historical dividends prior to the most recent ones declared.
DuPont (Symbol: DD):
Celanese Corp (Symbol: CE):
Plains All American Pipeline LP (Symbol: PAA):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 1.87% for DuPont, 2.26% for Celanese Corp, and 7.15% for Plains All American Pipeline LP.
In Wednesday trading, DuPont shares are currently up about 0.1%, Celanese Corp shares are down about 0.1%, and Plains All American Pipeline LP shares are up about 0.3% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
Also see:
ELOX Insider Buying
Institutional Holders of MLPA
CEL 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 7/28/23, DuPont (Symbol: DD), Celanese Corp (Symbol: CE), and Plains All American Pipeline LP (Symbol: PAA) will all trade ex-dividend for their respective upcoming dividends. As a percentage of DD's recent stock price of $76.92, this dividend works out to approximately 0.47%, so look for shares of DuPont to trade 0.47% lower — all else being equal — when DD shares open for trading on 7/28/23. Below are dividend history charts for DD, CE, and PAA, showing historical dividends prior to the most recent ones declared.
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Looking at the universe of stocks we cover at Dividend Channel, on 7/28/23, DuPont (Symbol: DD), Celanese Corp (Symbol: CE), and Plains All American Pipeline LP (Symbol: PAA) will all trade ex-dividend for their respective upcoming dividends. DuPont (Symbol: DD): Celanese Corp (Symbol: CE): Plains All American Pipeline LP (Symbol: PAA): In general, dividends are not always predictable, following the ups and downs of company profits over time. As a percentage of DD's recent stock price of $76.92, this dividend works out to approximately 0.47%, so look for shares of DuPont to trade 0.47% lower — all else being equal — when DD shares open for trading on 7/28/23.
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Looking at the universe of stocks we cover at Dividend Channel, on 7/28/23, DuPont (Symbol: DD), Celanese Corp (Symbol: CE), and Plains All American Pipeline LP (Symbol: PAA) will all trade ex-dividend for their respective upcoming dividends. DuPont (Symbol: DD): Celanese Corp (Symbol: CE): Plains All American Pipeline LP (Symbol: PAA): In general, dividends are not always predictable, following the ups and downs of company profits over time. As a percentage of DD's recent stock price of $76.92, this dividend works out to approximately 0.47%, so look for shares of DuPont to trade 0.47% lower — all else being equal — when DD shares open for trading on 7/28/23.
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Looking at the universe of stocks we cover at Dividend Channel, on 7/28/23, DuPont (Symbol: DD), Celanese Corp (Symbol: CE), and Plains All American Pipeline LP (Symbol: PAA) will all trade ex-dividend for their respective upcoming dividends. As a percentage of DD's recent stock price of $76.92, this dividend works out to approximately 0.47%, so look for shares of DuPont to trade 0.47% lower — all else being equal — when DD shares open for trading on 7/28/23. Below are dividend history charts for DD, CE, and PAA, showing historical dividends prior to the most recent ones declared.
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27910dd2-23f6-4928-8c01-66b3bc464d10
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715793.0
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2023-07-26 00:00:00 UTC
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Analysts Estimate DuPont de Nemours (DD) to Report a Decline in Earnings: What to Look Out for
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DD
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https://www.nasdaq.com/articles/analysts-estimate-dupont-de-nemours-dd-to-report-a-decline-in-earnings%3A-what-to-look-out-1
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nan
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nan
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The market expects DuPont de Nemours (DD) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2023. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 2. 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 specialty chemicals maker is expected to post quarterly earnings of $0.83 per share in its upcoming report, which represents a year-over-year change of -5.7%.
Revenues are expected to be $3 billion, down 9.6% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has been revised 4.52% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Earnings Whisper
Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for DuPont de Nemours?
For DuPont de Nemours, 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 +0.43%.
On the other hand, the stock currently carries a Zacks Rank of #4.
So, this combination makes it difficult to conclusively predict that DuPont de Nemours will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?
While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that DuPont de Nemours would post earnings of $0.81 per share when it actually produced earnings of $0.84, delivering a surprise of +3.70%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom Line
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
DuPont de Nemours doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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 market expects DuPont de Nemours (DD) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2023. 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. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success.
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The market expects DuPont de Nemours (DD) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2023. 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. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success.
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The market expects DuPont de Nemours (DD) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2023. 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. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success.
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The market expects DuPont de Nemours (DD) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2023. 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. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success.
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ebd4be5d-0abe-40a5-b9b2-e654396ef9d1
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715794.0
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2023-07-24 00:00:00 UTC
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What's in Store for Materials ETFs in Q2 Earnings?
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DD
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https://www.nasdaq.com/articles/whats-in-store-for-materials-etfs-in-q2-earnings
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nan
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nan
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The materials sector, which tends to be the most sensitive to global economic growth expectations, has been performing well with economic recovery gathering pace. The popular ETFs — Materials Select Sector SPDR XLB, Vanguard Materials ETF VAW, iShares U.S. Basic Materials ETF IYM and Fidelity MSCI Materials Index ETF FMAT — have gained 3.4%, 3.9%, 1.9% and 3.9%, respectively over the past three months.
Going into the Q2 earnings season, earnings releases from the sector giants will determine the movement of these funds. Some well-known players in the space like Linde plc LIN, Air Products & Chemicals APD, Dow Inc. DOW, Ecolab Inc. ECL, Nucor NUE and DuPont de Nemours Inc. DD will report earnings in the coming days. Let’s delve into the earnings picture of these companies as that would drive the performance of the funds dominated by them. These stocks collectively account for 44.2% in XLB, 42.6% share in IYM, 34.5% in VAW and 34.4% in FMAT (see: all the Materials ETFs here).
According to our methodology, 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. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Inside Our Surprise Prediction for These Stocks
Linde has an Earnings ESP of -1.85% and a Zacks Rank #3. The company witnessed negative earnings estimate revision of a penny over the past 30 days for the to-be-reported quarter. The stock’s earnings surprise track over the past four quarters is good with an average beat of 6.92%. The stock has a Growth Score of B. The company will report earnings on Jul 27 before market open.
Air Products & Chemicals has an Earnings ESP of -0.60% and a Zacks Rank #3. It saw no earnings estimate revision over the past 30 days for the to-be-reported quarter and has delivered a positive earnings surprise of 1.30%, on average, for the last four quarters. The stock has a Value Score of B. The company is scheduled to report on Aug 3 before market open.
Dow is scheduled to release earnings on Jul 25 before the opening bell. It has an Earnings ESP of +0.66% and a Zacks Rank #5 (Strong Sell). Over the past 30 days, the consensus estimate has been revised downward by a penny for the to-be-reported quarter. The company delivered an earnings surprise of 13.29% in the last four quarters, on average. The stock has a solid VGM Score of B (read: 5 ETFs With AUM Growth of More Than 1000% This Year).
Ecolab is set to release earnings on Aug 1 before the opening bell. It has an Earnings ESP of +0.50% and a Zacks Rank #2. The stock has seen a positive earnings estimate revision of a penny over the past month for the to-be-reported quarter and delivered an earnings surprise of 0.88%, on average, in the last four quarters. Analysts increasing estimates right before earnings — with the most up-to-date information possible — is a good indicator for the stock. The stock has a solid Momentum Score of B.
Nucor, which is slated to release earnings on Jul 25 before the opening bell, has a Zacks Rank #2 and an Earnings ESP of +0.30%. It has seen a positive earnings estimate revision of 3 cents over the past 30 days for the to-be-reported quarter and delivered an earnings surprise of 10.78%, on average, in the last four quarters. The stock has a VGM Score of A.
DuPont has an Earnings ESP of +0.43% and a Zacks Rank #4 (Sell). The company saw no earnings estimate revision over the past 30 days for the to-be-reported quarter. It delivered an earnings surprise of 9.13%, on average, over the last four quarters. The company is scheduled to report earnings on Aug 2 before the opening bell.
Summing Up
While some of the major players seem to have less chances of beating earnings estimates, the sector is expected to post a double-digit earnings decline of 40.3%, per the latest Earnings Trends report. Additionally, the sector has an unfavorable Zacks Rank in the bottom 13%, suggesting that material ETFs might see some trouble in the weeks ahead. However, the abovementioned ETFs have a favorable Zacks ETF Rank #3.
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Air Products and Chemicals, Inc. (APD) : Free Stock Analysis Report
Ecolab Inc. (ECL) : Free Stock Analysis Report
Nucor Corporation (NUE) : Free Stock Analysis Report
DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report
Dow Inc. (DOW) : Free Stock Analysis Report
Materials Select Sector SPDR ETF (XLB): ETF Research Reports
Linde PLC (LIN) : Free Stock Analysis Report
Fidelity MSCI Materials Index ETF (FMAT): ETF Research Reports
Vanguard Materials ETF (VAW): ETF Research Reports
iShares U.S. Basic Materials ETF (IYM): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Additionally, the sector has an unfavorable Zacks Rank in the bottom 13%, suggesting that material ETFs might see some trouble in the weeks ahead. Some well-known players in the space like Linde plc LIN, Air Products & Chemicals APD, Dow Inc. DOW, Ecolab Inc. ECL, Nucor NUE and DuPont de Nemours Inc. DD will report earnings in the coming days. Click to get this free report Air Products and Chemicals, Inc. (APD) : Free Stock Analysis Report Ecolab Inc. (ECL) : Free Stock Analysis Report Nucor Corporation (NUE) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Dow Inc. (DOW) : Free Stock Analysis Report Materials Select Sector SPDR ETF (XLB): ETF Research Reports Linde PLC (LIN) : Free Stock Analysis Report Fidelity MSCI Materials Index ETF (FMAT): ETF Research Reports Vanguard Materials ETF (VAW): ETF Research Reports iShares U.S.
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Some well-known players in the space like Linde plc LIN, Air Products & Chemicals APD, Dow Inc. DOW, Ecolab Inc. ECL, Nucor NUE and DuPont de Nemours Inc. DD will report earnings in the coming days. Click to get this free report Air Products and Chemicals, Inc. (APD) : Free Stock Analysis Report Ecolab Inc. (ECL) : Free Stock Analysis Report Nucor Corporation (NUE) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Dow Inc. (DOW) : Free Stock Analysis Report Materials Select Sector SPDR ETF (XLB): ETF Research Reports Linde PLC (LIN) : Free Stock Analysis Report Fidelity MSCI Materials Index ETF (FMAT): ETF Research Reports Vanguard Materials ETF (VAW): ETF Research Reports iShares U.S. Additionally, the sector has an unfavorable Zacks Rank in the bottom 13%, suggesting that material ETFs might see some trouble in the weeks ahead.
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Click to get this free report Air Products and Chemicals, Inc. (APD) : Free Stock Analysis Report Ecolab Inc. (ECL) : Free Stock Analysis Report Nucor Corporation (NUE) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Dow Inc. (DOW) : Free Stock Analysis Report Materials Select Sector SPDR ETF (XLB): ETF Research Reports Linde PLC (LIN) : Free Stock Analysis Report Fidelity MSCI Materials Index ETF (FMAT): ETF Research Reports Vanguard Materials ETF (VAW): ETF Research Reports iShares U.S. Some well-known players in the space like Linde plc LIN, Air Products & Chemicals APD, Dow Inc. DOW, Ecolab Inc. ECL, Nucor NUE and DuPont de Nemours Inc. DD will report earnings in the coming days. Additionally, the sector has an unfavorable Zacks Rank in the bottom 13%, suggesting that material ETFs might see some trouble in the weeks ahead.
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Click to get this free report Air Products and Chemicals, Inc. (APD) : Free Stock Analysis Report Ecolab Inc. (ECL) : Free Stock Analysis Report Nucor Corporation (NUE) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Dow Inc. (DOW) : Free Stock Analysis Report Materials Select Sector SPDR ETF (XLB): ETF Research Reports Linde PLC (LIN) : Free Stock Analysis Report Fidelity MSCI Materials Index ETF (FMAT): ETF Research Reports Vanguard Materials ETF (VAW): ETF Research Reports iShares U.S. Some well-known players in the space like Linde plc LIN, Air Products & Chemicals APD, Dow Inc. DOW, Ecolab Inc. ECL, Nucor NUE and DuPont de Nemours Inc. DD will report earnings in the coming days. Additionally, the sector has an unfavorable Zacks Rank in the bottom 13%, suggesting that material ETFs might see some trouble in the weeks ahead.
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a02c7253-1936-42bb-808b-5eb38accd957
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715795.0
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2023-07-21 00:00:00 UTC
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Citigroup Maintains DuPont de Nemours (DD) Neutral Recommendation
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DD
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https://www.nasdaq.com/articles/citigroup-maintains-dupont-de-nemours-dd-neutral-recommendation
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nan
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nan
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Fintel reports that on July 20, 2023, Citigroup maintained coverage of DuPont de Nemours (NYSE:DD) with a Neutral recommendation.
Analyst Price Forecast Suggests 4.80% Upside
As of July 6, 2023, the average one-year price target for DuPont de Nemours is 79.04. The forecasts range from a low of 70.70 to a high of $92.40. The average price target represents an increase of 4.80% from its latest reported closing price of 75.42.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for DuPont de Nemours is 13,360MM, an increase of 4.69%. The projected annual non-GAAP EPS is 3.94.
What is the Fund Sentiment?
There are 2003 funds or institutions reporting positions in DuPont de Nemours. This is a decrease of 11 owner(s) or 0.55% in the last quarter. Average portfolio weight of all funds dedicated to DD is 0.30%, an increase of 8.75%. Total shares owned by institutions increased in the last three months by 0.20% to 426,718K shares.
The put/call ratio of DD is 1.03, indicating a bearish outlook.
What are Other Shareholders Doing?
Massachusetts Financial Services holds 23,332K shares representing 5.08% ownership of the company. In it's prior filing, the firm reported owning 23,557K shares, representing a decrease of 0.96%. The firm decreased its portfolio allocation in DD by 84.43% over the last quarter.
Bank Julius Baer & Co. Ltd, Zurich holds 16,745K shares representing 3.65% ownership of the company. In it's prior filing, the firm reported owning 17K shares, representing an increase of 99.90%. The firm decreased its portfolio allocation in DD by 7.51% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 12,748K shares representing 2.78% ownership of the company. In it's prior filing, the firm reported owning 21,795K shares, representing a decrease of 70.97%. The firm decreased its portfolio allocation in DD by 23.42% over the last quarter.
MEIAX - MFS Value Fund A holds 11,855K shares representing 2.58% ownership of the company. In it's prior filing, the firm reported owning 12,030K shares, representing a decrease of 1.47%. The firm increased its portfolio allocation in DD by 9.19% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 10,691K shares representing 2.33% ownership of the company. In it's prior filing, the firm reported owning 16,448K shares, representing a decrease of 53.85%. The firm decreased its portfolio allocation in DD by 14.90% over the last quarter.
DuPont de Nemours Background Information
(This description is provided by the company.)
DuPont is a global innovation leader with technology-based materials, ingredients and solutions that help transform industries and everyday life. DuPont applies diverse science and expertise to help customers advance their best ideas and deliver essential innovations in key markets including electronics, transportation, construction, water, health and wellness, food and worker safety.
Additional reading:
UNITED STATES DISTRICT COURT FOR THE DISTRICT OF SOUTH CAROLINA CHARLESTON DIVISION
Chemours, DuPont, and Corteva Reach Comprehensive PFAS Settlement with U.S. Water Systems
DuPont Reports First Quarter 2023 Results
AMENDED AND RESTATED DUPONT DE NEMOURS, INC. (a Delaware corporation) EFFECTIVE AS OF MARCH 29, 2023 TABLE OF CONTENTS
DuPont de Nemours, Inc. EXHIBIT 21 SUBSIDIARIES OF THE REGISTRANT
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Fintel reports that on July 20, 2023, Citigroup maintained coverage of DuPont de Nemours (NYSE:DD) with a Neutral recommendation. Average portfolio weight of all funds dedicated to DD is 0.30%, an increase of 8.75%. The put/call ratio of DD is 1.03, indicating a bearish outlook.
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Fintel reports that on July 20, 2023, Citigroup maintained coverage of DuPont de Nemours (NYSE:DD) with a Neutral recommendation. Average portfolio weight of all funds dedicated to DD is 0.30%, an increase of 8.75%. The put/call ratio of DD is 1.03, indicating a bearish outlook.
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Fintel reports that on July 20, 2023, Citigroup maintained coverage of DuPont de Nemours (NYSE:DD) with a Neutral recommendation. Average portfolio weight of all funds dedicated to DD is 0.30%, an increase of 8.75%. The put/call ratio of DD is 1.03, indicating a bearish outlook.
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Fintel reports that on July 20, 2023, Citigroup maintained coverage of DuPont de Nemours (NYSE:DD) with a Neutral recommendation. Average portfolio weight of all funds dedicated to DD is 0.30%, an increase of 8.75%. The put/call ratio of DD is 1.03, indicating a bearish outlook.
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e3a7f661-ed4b-4df3-b887-7039cd1018e7
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715796.0
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2023-07-19 00:00:00 UTC
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Pricing Actions To Aid Corning's Q2?
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DD
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https://www.nasdaq.com/articles/pricing-actions-to-aid-cornings-q2
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nan
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nan
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Corning Stock (NYSE: GLW) will report its Q2 2023 results on Tuesday, July 25. We expect the company’s revenues to come in at $3.6 billion, slightly ahead of the consensus estimate of $3.5 billion. This would mark a year-over-year decline of about 1%. Earnings will likely come in at about $0.48 per share, marginally beating the consensus estimate of $0.46. See our interactive dashboard analysis on Corning’s Earnings Preview for more details on how the company’s revenues and earnings will likely trend for the quarter. So, what are some of the trends that are likely to drive Corning’s results?
Corning should benefit from higher panel maker utilization and pricing actions. The top-line will likely be bolstered by increased adoption of gasoline particulate filters. Looking at Q1’23, Corning’s revenues of $3.2 billion reflected a 7% y-o-y decline, with lower sales for most of its segments. However, pricing actions helped the company expand its margin profile, with core gross margin expanding by 160 bps and core operating margin up by 150 bps during the quarter. On a reported basis operating margin was lower due to the impact of currency headwinds. Our Corning Operating Income Comparison dashboard has more details. Looking at the bottom line, Corning reported earnings of $0.41 per share in Q1’23, compared to $0.47 per share in the prior-year quarter. Corning should continue to benefit from pricing actions and improvement in the demand outlook for some of its segments, including display technologies.
Although we expect Corning to post an upbeat Q2’23, we believe its stock has little room for growth. We estimate Corning’s valuation to be $37 per share, about 9% above its current price of $34. Our forecast is based on an 18x P/E multiple for GLW and expected earnings of $2.06 on a per-share and adjusted basis for the full-year 2023. The 18x P/E multiple aligns with the stock’s last four-year average, implying that GLW stock has little room for growth from its current levels. That said, if the company were to report a Q2 beat and upward revision in guidance, it would likely see its stock rise post the results announcement.
While GLW stock appears to have little room for growth, it is helpful to see how Corning’s Peers fare on metrics that matter. You will find other valuable comparisons for companies across industries at Peer Comparisons.
Furthermore, the Covid-19 crisis has created many pricing discontinuities, which can offer attractive trading opportunities. For example, you’ll be surprised at how counter-intuitive the stock valuation is for Oracle vs. Corning.
With inflation easing after the Fed raising interest rates, GLW stock has seen a rise of 5% this year. But can it drop from here? See how low Corning stock can go by comparing its decline in previous market crashes. Here is a performance summary of all stocks in previous market crashes.
What if you’re looking for a portfolio that aims for long-term growth? Here’s a value portfolio that’s done much better than the market since 2016.
Returns Jul 2023
MTD [1] 2023
YTD [1] 2017-23
Total [2]
GLW Return -4% 5% 38%
S&P 500 Return 2% 18% 102%
Trefis Multi-Strategy Portfolio 6% 25% 303%
[1] Month-to-date and year-to-date as of 7/18/2023
[2] Cumulative total returns since the end of 2016
Invest with Trefis Market Beating Portfolios
See all Trefis Price Estimates
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Corning should continue to benefit from pricing actions and improvement in the demand outlook for some of its segments, including display technologies. That said, if the company were to report a Q2 beat and upward revision in guidance, it would likely see its stock rise post the results announcement. While GLW stock appears to have little room for growth, it is helpful to see how Corning’s Peers fare on metrics that matter.
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Earnings will likely come in at about $0.48 per share, marginally beating the consensus estimate of $0.46. However, pricing actions helped the company expand its margin profile, with core gross margin expanding by 160 bps and core operating margin up by 150 bps during the quarter. Total [2] GLW Return -4% 5% 38% S&P 500 Return 2% 18% 102% Trefis Multi-Strategy Portfolio 6% 25% 303% [1] Month-to-date and year-to-date as of 7/18/2023 [2] Cumulative total returns since the end of 2016 Invest with Trefis Market Beating Portfolios See all Trefis Price Estimates The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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However, pricing actions helped the company expand its margin profile, with core gross margin expanding by 160 bps and core operating margin up by 150 bps during the quarter. While GLW stock appears to have little room for growth, it is helpful to see how Corning’s Peers fare on metrics that matter. Total [2] GLW Return -4% 5% 38% S&P 500 Return 2% 18% 102% Trefis Multi-Strategy Portfolio 6% 25% 303% [1] Month-to-date and year-to-date as of 7/18/2023 [2] Cumulative total returns since the end of 2016 Invest with Trefis Market Beating Portfolios See all Trefis Price Estimates The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Earnings will likely come in at about $0.48 per share, marginally beating the consensus estimate of $0.46. Although we expect Corning to post an upbeat Q2’23, we believe its stock has little room for growth. That said, if the company were to report a Q2 beat and upward revision in guidance, it would likely see its stock rise post the results announcement.
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1827819f-875a-4ca0-98e9-3efbba620d78
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715797.0
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2023-07-18 00:00:00 UTC
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Wells Fargo Maintains DuPont de Nemours (DD) Overweight Recommendation
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DD
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https://www.nasdaq.com/articles/wells-fargo-maintains-dupont-de-nemours-dd-overweight-recommendation-0
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nan
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nan
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Fintel reports that on July 18, 2023, Wells Fargo maintained coverage of DuPont de Nemours (NYSE:DD) with a Overweight recommendation.
Analyst Price Forecast Suggests 8.90% Upside
As of July 6, 2023, the average one-year price target for DuPont de Nemours is 79.04. The forecasts range from a low of 70.70 to a high of $92.40. The average price target represents an increase of 8.90% from its latest reported closing price of 72.58.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for DuPont de Nemours is 13,360MM, an increase of 4.69%. The projected annual non-GAAP EPS is 3.94.
What is the Fund Sentiment?
There are 2007 funds or institutions reporting positions in DuPont de Nemours. This is a decrease of 6 owner(s) or 0.30% in the last quarter. Average portfolio weight of all funds dedicated to DD is 0.30%, an increase of 11.41%. Total shares owned by institutions decreased in the last three months by 3.63% to 410,495K shares.
The put/call ratio of DD is 1.01, indicating a bearish outlook.
What are Other Shareholders Doing?
Massachusetts Financial Services holds 23,332K shares representing 5.08% ownership of the company. In it's prior filing, the firm reported owning 23,557K shares, representing a decrease of 0.96%. The firm decreased its portfolio allocation in DD by 84.43% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 12,748K shares representing 2.78% ownership of the company. In it's prior filing, the firm reported owning 21,795K shares, representing a decrease of 70.97%. The firm decreased its portfolio allocation in DD by 23.42% over the last quarter.
MEIAX - MFS Value Fund A holds 11,855K shares representing 2.58% ownership of the company. In it's prior filing, the firm reported owning 12,030K shares, representing a decrease of 1.47%. The firm increased its portfolio allocation in DD by 9.19% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 10,691K shares representing 2.33% ownership of the company. In it's prior filing, the firm reported owning 16,448K shares, representing a decrease of 53.85%. The firm decreased its portfolio allocation in DD by 14.90% over the last quarter.
Geode Capital Management holds 9,455K shares representing 2.06% ownership of the company. In it's prior filing, the firm reported owning 10,136K shares, representing a decrease of 7.20%. The firm decreased its portfolio allocation in DD by 9.78% over the last quarter.
DuPont de Nemours Background Information
(This description is provided by the company.)
DuPont is a global innovation leader with technology-based materials, ingredients and solutions that help transform industries and everyday life. DuPont applies diverse science and expertise to help customers advance their best ideas and deliver essential innovations in key markets including electronics, transportation, construction, water, health and wellness, food and worker safety.
Additional reading:
UNITED STATES DISTRICT COURT FOR THE DISTRICT OF SOUTH CAROLINA CHARLESTON DIVISION
Chemours, DuPont, and Corteva Reach Comprehensive PFAS Settlement with U.S. Water Systems
DuPont Reports First Quarter 2023 Results
AMENDED AND RESTATED DUPONT DE NEMOURS, INC. (a Delaware corporation) EFFECTIVE AS OF MARCH 29, 2023 TABLE OF CONTENTS
DuPont de Nemours, Inc. EXHIBIT 21 SUBSIDIARIES OF THE REGISTRANT
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Fintel reports that on July 18, 2023, Wells Fargo maintained coverage of DuPont de Nemours (NYSE:DD) with a Overweight recommendation. Average portfolio weight of all funds dedicated to DD is 0.30%, an increase of 11.41%. The put/call ratio of DD is 1.01, indicating a bearish outlook.
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Fintel reports that on July 18, 2023, Wells Fargo maintained coverage of DuPont de Nemours (NYSE:DD) with a Overweight recommendation. Average portfolio weight of all funds dedicated to DD is 0.30%, an increase of 11.41%. The put/call ratio of DD is 1.01, indicating a bearish outlook.
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Fintel reports that on July 18, 2023, Wells Fargo maintained coverage of DuPont de Nemours (NYSE:DD) with a Overweight recommendation. Average portfolio weight of all funds dedicated to DD is 0.30%, an increase of 11.41%. The put/call ratio of DD is 1.01, indicating a bearish outlook.
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Fintel reports that on July 18, 2023, Wells Fargo maintained coverage of DuPont de Nemours (NYSE:DD) with a Overweight recommendation. Average portfolio weight of all funds dedicated to DD is 0.30%, an increase of 11.41%. The put/call ratio of DD is 1.01, indicating a bearish outlook.
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f0b94033-cbe4-46a7-ac5f-45f45ef4259b
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715798.0
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2023-07-13 00:00:00 UTC
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Guru Fundamental Report for DD
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DD
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https://www.nasdaq.com/articles/guru-fundamental-report-for-dd-7
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nan
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nan
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Below is Validea's guru fundamental report for DUPONT DE NEMOURS INC (DD). Of the 22 guru strategies we follow, DD rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. This multi-factor model seeks low volatility stocks that also have strong momentum and high net payout yields.
DUPONT DE NEMOURS INC (DD) is a large-cap growth stock in the Biotechnology & Drugs industry. The rating using this strategy 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.
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.
MARKET CAP: PASS
STANDARD DEVIATION: PASS
TWELVE MINUS ONE MOMENTUM: NEUTRAL
NET PAYOUT YIELD: NEUTRAL
FINAL RANK: PASS
Detailed Analysis of DUPONT DE NEMOURS INC
DD Guru Analysis
DD Fundamental Analysis
More Information on Pim van Vliet
Pim van Vliet Portfolio
About Pim van Vliet: In investing, you typically need to take more risk to get more return. There is one major exception to this in the factor investing world, though. Low volatility stocks have been proven to outperform their high volatility counterparts, and do so with less risk. Pim van Vliet is the head of Conservative Equities at Robeco Asset Management. His research into conservative factor investing led to the creation of this strategy and the publication of the book "High Returns From Low Risk: A Remarkable Stock Market Paradox". Van Vliet holds a PhD in Financial and Business Economics from Erasmus University Rotterdam.
Additional Research Links
Top Healthcare Stocks
Dividend Aristocrats2023
Wide Moat Stocks2023
High Insider Ownership Stocks
Factor-Based Stock Portfolios
Excess Returns Investing Podcast
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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Below is Validea's guru fundamental report for DUPONT DE NEMOURS INC (DD). Of the 22 guru strategies we follow, DD rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. DUPONT DE NEMOURS INC (DD) is a large-cap growth stock in the Biotechnology & Drugs industry.
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Of the 22 guru strategies we follow, DD rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. Detailed Analysis of DUPONT DE NEMOURS INC DD Guru Analysis DD Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return. Below is Validea's guru fundamental report for DUPONT DE NEMOURS INC (DD).
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Of the 22 guru strategies we follow, DD rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. Detailed Analysis of DUPONT DE NEMOURS INC DD Guru Analysis DD Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return. Additional Research Links Top Healthcare Stocks Dividend Aristocrats2023 Wide Moat Stocks2023 High Insider Ownership Stocks Factor-Based Stock Portfolios Excess Returns Investing Podcast About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends.
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Of the 22 guru strategies we follow, DD rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. Detailed Analysis of DUPONT DE NEMOURS INC DD Guru Analysis DD Fundamental Analysis More Information on Pim van Vliet Pim van Vliet Portfolio About Pim van Vliet: In investing, you typically need to take more risk to get more return. Below is Validea's guru fundamental report for DUPONT DE NEMOURS INC (DD).
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757a7b76-271b-46a7-8926-ad3ac594830a
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715799.0
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2023-07-13 00:00:00 UTC
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DuPont (DD) FilmTec LiNE-XD to Aid Sustainable Lithium Ouput
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DD
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https://www.nasdaq.com/articles/dupont-dd-filmtec-line-xd-to-aid-sustainable-lithium-ouput
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nan
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nan
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DuPont de Nemours, Inc. DD has unveiled its latest innovation in the field of lithium brine purification — the DuPont FilmTec LiNE-XD nanofiltration membrane elements. With a strong focus on sustainability, these membranes offer significant benefits for lithium production from various sources, contributing to the growing demand for lithium-ion batteries in devices such as smartphones and electric vehicles.
The FilmTec LiNE-XD and LiNE-XD HP are DuPont's first products designed exclusively for lithium brine purification. These membrane elements exhibit exceptional selectivity, allowing for the efficient extraction of lithium from chloride-rich Li-brine streams while effectively filtering out divalent metals like magnesium.
DuPont noted that the introduction of FilmTec LiNE-XD nanofiltration membrane elements would support the increasing demand for Direct Lithium Extraction. FilmTec LiNE-XD elements can help enable lithium production from resources such as salt lake brine, geothermal brine, and surface and sub-surface clay.
One of the key advantages of the FilmTec LiNE-XD membranes is their high productivity and efficiency. By allowing increased water and lithium recovery while reducing energy consumption, these membranes contribute to more sustainable and environmentally friendly lithium brine processing. The company said that the new membranes enable cost-effective extraction even from lower-grade brine or claystone deposits.
The FilmTec LiNE-XD nanofiltration membrane elements foster sustainability and allow cost-effective extraction from diverse sources. As the world moves toward a greener future, DuPont's nanofiltration membrane elements provide a vital tool in transforming lithium production, creating a sustainable path for powering the increasingly electrified world.
DuPont provides solutions to several water and sustainability challenges faced by industrial water users and water treatment municipalities through a broad range of membranes, resins and systems. Its water technologies help purify more than 50 million gallons of water every minute globally, allowing water reuse and recycling, desalination and the safe access of both ground and surface water.
DuPont shares have rallied 35.8% in the past year against the 18% rise of its industry. The consensus estimate for its current-year earnings is currently pegged at $3.61, suggesting a year-over-year increase of 5.9%.
Image Source: Zacks Investment Research
Net sales from the company’s the Water & Protection unit rose 1% year over year to $1,449 million in the first quarter of 2023. Organic sales went up 4% on double-digit growth in water solutions and sustained demand growth for water filtration driven by reverse osmosis product lines. The growth in water solutions was supported by pricing gains and continued strong demand for water technologies.
DuPont envisions sustained demand strength in water through the remainder of 2023. It expects water solutions to deliver mid to high single-digit organic growth in 2023.
DuPont de Nemours, Inc. Price and Consensus
DuPont de Nemours, Inc. price-consensus-chart | DuPont de Nemours, Inc. Quote
Zacks Rank & Key Picks
DuPont currently has a Zacks Rank #3 (Hold).
Better-ranked stocks worth a look in the basic materials space include PPG Industries, Inc. PPG, Carpenter Technology Corporation CRS and Silvercorp Metals Inc. SVM.
PPG Industries currently carries a Zacks Rank #1 (Strong Buy). The Zacks Consensus Estimate for PPG's current-year earnings has been revised 0.7% upward over the past 60 days.
PPG Industries’ earnings beat the Zacks Consensus Estimate in three of the last four quarters. It has a trailing four-quarter earnings surprise of roughly 6.8%, on average. PPG shares have gained around 32% in a year.
The Zacks Consensus Estimate for current-year earnings for CRS is currently pegged at $1.04, implying year-over-year growth of 198.1%. Carpenter Technology currently carries a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Carpenter Technology has a trailing four-quarter earnings surprise of roughly 30.9%, on average. The stock has gained around 109% in a year.
Silvercorp Metals currently carries a Zacks Rank #1. The Zacks Consensus Estimate for SVM’s current-year earnings has been revised 3.8% upward in the past 60 days.
The consensus estimate for current fiscal-year earnings for Silvercorp is currently pegged at 27 cents, suggesting year-over-year growth of 28.6%. SVM shares have risen roughly 33% in the past year.
Disclaimer: This article has been written with the assistance of Generative AI. However, the author has reviewed, revised, supplemented, and rewritten parts of this content to ensure its originality and the precision of the incorporated information.
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PPG Industries, Inc. (PPG) : Free Stock Analysis Report
DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report
Carpenter Technology Corporation (CRS) : Free Stock Analysis Report
Silvercorp Metals Inc. (SVM) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment 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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DuPont de Nemours, Inc. DD has unveiled its latest innovation in the field of lithium brine purification — the DuPont FilmTec LiNE-XD nanofiltration membrane elements. Just Released: Zacks Top 10 Stocks for 2023 In addition to the investment ideas discussed above, would you like to know about our 10 top picks for 2023? Click to get this free report PPG Industries, Inc. (PPG) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Carpenter Technology Corporation (CRS) : Free Stock Analysis Report Silvercorp Metals Inc. (SVM) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report PPG Industries, Inc. (PPG) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Carpenter Technology Corporation (CRS) : Free Stock Analysis Report Silvercorp Metals Inc. (SVM) : Free Stock Analysis Report To read this article on Zacks.com click here. DuPont de Nemours, Inc. DD has unveiled its latest innovation in the field of lithium brine purification — the DuPont FilmTec LiNE-XD nanofiltration membrane elements. Just Released: Zacks Top 10 Stocks for 2023 In addition to the investment ideas discussed above, would you like to know about our 10 top picks for 2023?
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Click to get this free report PPG Industries, Inc. (PPG) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Carpenter Technology Corporation (CRS) : Free Stock Analysis Report Silvercorp Metals Inc. (SVM) : Free Stock Analysis Report To read this article on Zacks.com click here. DuPont de Nemours, Inc. DD has unveiled its latest innovation in the field of lithium brine purification — the DuPont FilmTec LiNE-XD nanofiltration membrane elements. Just Released: Zacks Top 10 Stocks for 2023 In addition to the investment ideas discussed above, would you like to know about our 10 top picks for 2023?
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DuPont de Nemours, Inc. DD has unveiled its latest innovation in the field of lithium brine purification — the DuPont FilmTec LiNE-XD nanofiltration membrane elements. Just Released: Zacks Top 10 Stocks for 2023 In addition to the investment ideas discussed above, would you like to know about our 10 top picks for 2023? Click to get this free report PPG Industries, Inc. (PPG) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Carpenter Technology Corporation (CRS) : Free Stock Analysis Report Silvercorp Metals Inc. (SVM) : Free Stock Analysis Report To read this article on Zacks.com click here.
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5adf028f-4620-435f-b0f2-8346d36dd36d
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