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715800.0
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2023-07-12 00:00:00 UTC
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Notable Wednesday Option Activity: LCID, DD, ITT
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DD
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https://www.nasdaq.com/articles/notable-wednesday-option-activity%3A-lcid-dd-itt
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nan
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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 Lucid Group Inc (Symbol: LCID), where a total of 302,878 contracts have traded so far, representing approximately 30.3 million underlying shares. That amounts to about 51.9% of LCID's average daily trading volume over the past month of 58.4 million shares. Especially high volume was seen for the $7.50 strike call option expiring July 14, 2023, with 34,876 contracts trading so far today, representing approximately 3.5 million underlying shares of LCID. Below is a chart showing LCID's trailing twelve month trading history, with the $7.50 strike highlighted in orange:
DuPont (Symbol: DD) saw options trading volume of 17,470 contracts, representing approximately 1.7 million underlying shares or approximately 49.7% of DD's average daily trading volume over the past month, of 3.5 million shares. Particularly high volume was seen for the $70 strike call option expiring July 21, 2023, with 4,163 contracts trading so far today, representing approximately 416,300 underlying shares of DD. Below is a chart showing DD's trailing twelve month trading history, with the $70 strike highlighted in orange:
And ITT Inc (Symbol: ITT) options are showing a volume of 2,086 contracts thus far today. That number of contracts represents approximately 208,600 underlying shares, working out to a sizeable 49.5% of ITT's average daily trading volume over the past month, of 421,480 shares. Especially high volume was seen for the $65 strike put option expiring January 19, 2024, with 650 contracts trading so far today, representing approximately 65,000 underlying shares of ITT. Below is a chart showing ITT's trailing twelve month trading history, with the $65 strike highlighted in orange:
For the various different available expirations for LCID options, DD options, or ITT options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Business Development Company List
FATE Historical Stock Prices
CEO Stock Predictions
The views and 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 $70 strike call option expiring July 21, 2023, with 4,163 contracts trading so far today, representing approximately 416,300 underlying shares of DD. Below is a chart showing LCID's trailing twelve month trading history, with the $7.50 strike highlighted in orange: DuPont (Symbol: DD) saw options trading volume of 17,470 contracts, representing approximately 1.7 million underlying shares or approximately 49.7% of DD's average daily trading volume over the past month, of 3.5 million shares. Below is a chart showing DD's trailing twelve month trading history, with the $70 strike highlighted in orange: And ITT Inc (Symbol: ITT) options are showing a volume of 2,086 contracts thus far today.
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Below is a chart showing LCID's trailing twelve month trading history, with the $7.50 strike highlighted in orange: DuPont (Symbol: DD) saw options trading volume of 17,470 contracts, representing approximately 1.7 million underlying shares or approximately 49.7% of DD's average daily trading volume over the past month, of 3.5 million shares. Below is a chart showing DD's trailing twelve month trading history, with the $70 strike highlighted in orange: And ITT Inc (Symbol: ITT) options are showing a volume of 2,086 contracts thus far today. Particularly high volume was seen for the $70 strike call option expiring July 21, 2023, with 4,163 contracts trading so far today, representing approximately 416,300 underlying shares of DD.
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Below is a chart showing LCID's trailing twelve month trading history, with the $7.50 strike highlighted in orange: DuPont (Symbol: DD) saw options trading volume of 17,470 contracts, representing approximately 1.7 million underlying shares or approximately 49.7% of DD's average daily trading volume over the past month, of 3.5 million shares. Particularly high volume was seen for the $70 strike call option expiring July 21, 2023, with 4,163 contracts trading so far today, representing approximately 416,300 underlying shares of DD. Below is a chart showing DD's trailing twelve month trading history, with the $70 strike highlighted in orange: And ITT Inc (Symbol: ITT) options are showing a volume of 2,086 contracts thus far today.
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Below is a chart showing LCID's trailing twelve month trading history, with the $7.50 strike highlighted in orange: DuPont (Symbol: DD) saw options trading volume of 17,470 contracts, representing approximately 1.7 million underlying shares or approximately 49.7% of DD's average daily trading volume over the past month, of 3.5 million shares. Below is a chart showing ITT's trailing twelve month trading history, with the $65 strike highlighted in orange: For the various different available expirations for LCID options, DD options, or ITT options, visit StockOptionsChannel.com. Particularly high volume was seen for the $70 strike call option expiring July 21, 2023, with 4,163 contracts trading so far today, representing approximately 416,300 underlying shares of DD.
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b1709166-0e5c-451e-8870-4fff7038fa82
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715801.0
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2023-07-11 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-1
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nan
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nan
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Fintel reports that on July 11, 2023, Barclays maintained coverage of DuPont de Nemours (NYSE:DD) with a Equal-Weight recommendation.
Analyst Price Forecast Suggests 12.40% 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 12.40% from its latest reported closing price of 70.32.
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 2009 funds or institutions reporting positions in DuPont de Nemours. This is a decrease of 7 owner(s) or 0.35% in the last quarter. Average portfolio weight of all funds dedicated to DD is 0.30%, a decrease of 0.38%. Total shares owned by institutions decreased in the last three months by 3.65% to 410,659K shares.
The put/call ratio of DD is 1.04, 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 11, 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 0.30%, a decrease of 0.38%. The put/call ratio of DD is 1.04, indicating a bearish outlook.
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Fintel reports that on July 11, 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 0.30%, a decrease of 0.38%. The put/call ratio of DD is 1.04, indicating a bearish outlook.
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Fintel reports that on July 11, 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 0.30%, a decrease of 0.38%. The put/call ratio of DD is 1.04, indicating a bearish outlook.
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Fintel reports that on July 11, 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 0.30%, a decrease of 0.38%. The put/call ratio of DD is 1.04, indicating a bearish outlook.
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2c98f52d-7db8-460e-ae70-f2eee499c22e
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715802.0
|
2023-07-05 00:00:00 UTC
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RBC Capital Reiterates DuPont de Nemours (DD) Outperform Recommendation
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DD
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https://www.nasdaq.com/articles/rbc-capital-reiterates-dupont-de-nemours-dd-outperform-recommendation
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nan
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nan
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Fintel reports that on July 5, 2023, RBC Capital reiterated coverage of DuPont de Nemours (NYSE:DD) with a Outperform recommendation.
Analyst Price Forecast Suggests 11.09% Upside
As of June 1, 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 $92.40. The average price target represents an increase of 11.09% from its latest reported closing price of 71.57.
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 2010 funds or institutions reporting positions in DuPont de Nemours. This is a decrease of 8 owner(s) or 0.40% in the last quarter. Average portfolio weight of all funds dedicated to DD is 0.30%, a decrease of 1.85%. Total shares owned by institutions decreased in the last three months by 3.65% to 410,631K shares.
The put/call ratio of DD is 0.99, indicating a bullish 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:
DuPont Reports First Quarter 2020 Results
Form 10-Q
# # #
Press Release dated February 18, 2020
DuPont Reports 3Q Operating Earnings Per Share of $0.54; Up 20 Percent from Last Year Third Quarter Highlights
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.
|
Fintel reports that on July 5, 2023, RBC Capital reiterated coverage of DuPont de Nemours (NYSE:DD) with a Outperform recommendation. Average portfolio weight of all funds dedicated to DD is 0.30%, a decrease of 1.85%. The put/call ratio of DD is 0.99, indicating a bullish outlook.
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Fintel reports that on July 5, 2023, RBC Capital reiterated coverage of DuPont de Nemours (NYSE:DD) with a Outperform recommendation. Average portfolio weight of all funds dedicated to DD is 0.30%, a decrease of 1.85%. The put/call ratio of DD is 0.99, indicating a bullish outlook.
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Fintel reports that on July 5, 2023, RBC Capital reiterated coverage of DuPont de Nemours (NYSE:DD) with a Outperform recommendation. Average portfolio weight of all funds dedicated to DD is 0.30%, a decrease of 1.85%. The put/call ratio of DD is 0.99, indicating a bullish outlook.
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Fintel reports that on July 5, 2023, RBC Capital reiterated coverage of DuPont de Nemours (NYSE:DD) with a Outperform recommendation. Average portfolio weight of all funds dedicated to DD is 0.30%, a decrease of 1.85%. The put/call ratio of DD is 0.99, indicating a bullish outlook.
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023fda8c-663c-4437-beac-fd38517b0bb4
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715803.0
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2023-06-29 00:00:00 UTC
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August 11th Options Now Available For DuPont (DD)
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DD
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https://www.nasdaq.com/articles/august-11th-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 August 11th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new August 11th 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 $1.90. 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 $68.10 (before broker commissions). To an investor already interested in purchasing shares of DD, that could represent an attractive alternative to paying $70.42/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 2.71% return on the cash commitment, or 23.04% 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 $71.00 strike price has a current bid of $1.80. If an investor was to purchase shares of DD stock at the current price level of $70.42/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $71.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 3.38% if the stock gets called away at the August 11th 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 $71.00 strike highlighted in red:
Considering the fact that the $71.00 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 2.56% boost of extra return to the investor, or 21.70% 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 $70.42) to be 29%. 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 Bill Ackman
HAWK Price Target
EWL YTD Return
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
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 $71.00 strike highlighted in red: Considering the fact that the $71.00 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 $71.00 strike highlighted in red: Considering the fact that the $71.00 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 August 11th 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 $71.00 strike highlighted in red: Considering the fact that the $71.00 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 August 11th 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 $71.00 strike highlighted in red: Considering the fact that the $71.00 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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05d10013-4861-4f99-8897-dafe2ade25ce
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715804.0
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2023-06-29 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-6
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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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96007d2c-4d28-4d43-9f8f-a7ffb079ca4a
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715805.0
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2023-06-27 00:00:00 UTC
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Daily Dividend Report: DD,SNX,WLY,MA,KFY
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DD
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https://www.nasdaq.com/articles/daily-dividend-report%3A-ddsnxwlymakfy
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nan
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nan
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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 September 15, 2023, to holders of record of said stock at the close of business on July 31, 2023.
TD SYNNEX announced today that its Board of Directors declared a quarterly cash dividend of $0.35 per common share. The dividend is payable on July 28, 2023 to stockholders of record as of the close of business on July 14, 2023.
Wiley, a global knowledge company and a leader in research, publishing, and knowledge solutions, today announced that its Board of Directors has declared a quarterly cash dividend of $0.3500 per share on its Class A and Class B Common Stock, payable on July 20, 2023, to shareholders of record on July 6, 2023. The quarterly dividend is equivalent to an annual dividend of $1.40 per share, an increase from $1.39 per share in Fiscal 2023. It is Wiley's 30th consecutive annual increase.
Mastercard today announced that its Board of Directors has declared a quarterly cash dividend of 57 cents per share. The cash dividend will be paid on August 9, 2023 to holders of record of its Class A common stock and Class B common stock as of July 7, 2023.
On June 26, 2023, Korn Ferry increased its regular quarterly cash dividend by 20% to $0.18 per share, which is payable on July 31, 2023 to stockholders of record on July 7, 2023.
VIDEO: Daily Dividend Report: DD,SNX,WLY,MA,KFY
The views and 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: DD,SNX,WLY,MA,KFY The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. TD SYNNEX announced today that its Board of Directors declared a quarterly cash dividend of $0.35 per common share. Wiley, a global knowledge company and a leader in research, publishing, and knowledge solutions, today announced that its Board of Directors has declared a quarterly cash dividend of $0.3500 per share on its Class A and Class B Common Stock, payable on July 20, 2023, to shareholders of record on July 6, 2023.
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VIDEO: Daily Dividend Report: DD,SNX,WLY,MA,KFY 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 September 15, 2023, to holders of record of said stock at the close of business on July 31, 2023. TD SYNNEX announced today that its Board of Directors declared a quarterly cash dividend of $0.35 per common share.
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VIDEO: Daily Dividend Report: DD,SNX,WLY,MA,KFY 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 September 15, 2023, to holders of record of said stock at the close of business on July 31, 2023. Wiley, a global knowledge company and a leader in research, publishing, and knowledge solutions, today announced that its Board of Directors has declared a quarterly cash dividend of $0.3500 per share on its Class A and Class B Common Stock, payable on July 20, 2023, to shareholders of record on July 6, 2023.
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VIDEO: Daily Dividend Report: DD,SNX,WLY,MA,KFY 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 September 15, 2023, to holders of record of said stock at the close of business on July 31, 2023. Wiley, a global knowledge company and a leader in research, publishing, and knowledge solutions, today announced that its Board of Directors has declared a quarterly cash dividend of $0.3500 per share on its Class A and Class B Common Stock, payable on July 20, 2023, to shareholders of record on July 6, 2023.
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051e18b7-38bd-447e-a928-a894fbc04d6d
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715806.0
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2023-06-22 00:00:00 UTC
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3M reaches tentative $10.3 billion deal over US 'forever chemicals' claims
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DD
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https://www.nasdaq.com/articles/3m-reaches-tentative-%2410.3-billion-deal-over-us-forever-chemicals-claims
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nan
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nan
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(Adds comment from plaintiffs' counsel, paragraph 4; background on PFAS, paragraphs 7-11)
By Clark Mindock
June 22 (Reuters) - 3M Co has reached a $10.3 billion settlement with a host of U.S. public water systems to resolve water pollution claims tied to "forever chemicals," the chemical company announced on Thursday.
The company said the settlement would provide the funds over a 13-year period to cities, towns and other public water systems to test and treat contamination of per- and polyfluoroalkyl substances, or PFAS.
3M, which is facing thousands of lawsuits over PFAS contamination, did not admit liability, and said the money will help support remediation at public water systems that detect PFAS "at any level."
"We have reached the largest drinking water settlement in American history, which will be used to help filter PFAS from drinking water that is served to the public," Scott Summy, a lead attorney for the water systems suing 3M, said in a statement. "The result is that millions of Americans will have healthier lives without PFAS in their drinking water."
3M had been scheduled to face a test trial in South Carolina federal court earlier this month in a lawsuit brought by Stuart, Florida. The judge overseeing the case delayed the trial the morning it was set to start.
Stuart claimed in its 2018 lawsuit that the company made or sold firefighting foams containing PFAS that polluted local soil and groundwater, and sought more than $100 million for filtration and remediation. It was one of more than 4,000 lawsuits filed against 3M and other chemical companies.
Dubbed "forever chemicals" as they do not easily break down in the human body or environment, PFAS are used in a wide range of products from non-stick cookware to cosmetics and have been linked to cancer, hormonal dysfunction and environmental damage.
The U.S. Environmental Protection Agency has called PFAS an “urgent public health and environmental issue.”
The EPA has taken several steps in recent years to tighten regulations for the chemicals, and in March announced the first-ever national drinking water standards for six of the chemicals.
3M in December set a 2025 deadline to stop producing PFAS.
Three other major chemicals companies - Chemours Co , DuPont de Nemours Inc and Corteva Inc announced earlier this month that they had reached an agreement in principle for $1.19 billion to settle claims they contaminated U.S. public water systems with PFAS.
3M still faces PFAS-related lawsuits filed by individuals with personal injury and property damage claims, as well as by U.S. states over damages to natural resources such as rivers and lakes that were not part of the settlement. (Reporting By Brendan Pierson and Clark Mindock in New York, Editing by Alexia Garamfalvi, Chris Reese and Daniel Wallis) ((Brendan.Pierson@thomsonreuters.com; 332-219-1345 (desk); 646-306-0235 (cell);)) Keywords: 3M PFAS/ (UPDATE 2, PIX)
The views and 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 comment from plaintiffs' counsel, paragraph 4; background on PFAS, paragraphs 7-11) By Clark Mindock June 22 (Reuters) - 3M Co has reached a $10.3 billion settlement with a host of U.S. public water systems to resolve water pollution claims tied to "forever chemicals," the chemical company announced on Thursday. The company said the settlement would provide the funds over a 13-year period to cities, towns and other public water systems to test and treat contamination of per- and polyfluoroalkyl substances, or PFAS. Dubbed "forever chemicals" as they do not easily break down in the human body or environment, PFAS are used in a wide range of products from non-stick cookware to cosmetics and have been linked to cancer, hormonal dysfunction and environmental damage.
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(Adds comment from plaintiffs' counsel, paragraph 4; background on PFAS, paragraphs 7-11) By Clark Mindock June 22 (Reuters) - 3M Co has reached a $10.3 billion settlement with a host of U.S. public water systems to resolve water pollution claims tied to "forever chemicals," the chemical company announced on Thursday. The company said the settlement would provide the funds over a 13-year period to cities, towns and other public water systems to test and treat contamination of per- and polyfluoroalkyl substances, or PFAS. Three other major chemicals companies - Chemours Co , DuPont de Nemours Inc and Corteva Inc announced earlier this month that they had reached an agreement in principle for $1.19 billion to settle claims they contaminated U.S. public water systems with PFAS.
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(Adds comment from plaintiffs' counsel, paragraph 4; background on PFAS, paragraphs 7-11) By Clark Mindock June 22 (Reuters) - 3M Co has reached a $10.3 billion settlement with a host of U.S. public water systems to resolve water pollution claims tied to "forever chemicals," the chemical company announced on Thursday. "We have reached the largest drinking water settlement in American history, which will be used to help filter PFAS from drinking water that is served to the public," Scott Summy, a lead attorney for the water systems suing 3M, said in a statement. Three other major chemicals companies - Chemours Co , DuPont de Nemours Inc and Corteva Inc announced earlier this month that they had reached an agreement in principle for $1.19 billion to settle claims they contaminated U.S. public water systems with PFAS.
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(Adds comment from plaintiffs' counsel, paragraph 4; background on PFAS, paragraphs 7-11) By Clark Mindock June 22 (Reuters) - 3M Co has reached a $10.3 billion settlement with a host of U.S. public water systems to resolve water pollution claims tied to "forever chemicals," the chemical company announced on Thursday. The company said the settlement would provide the funds over a 13-year period to cities, towns and other public water systems to test and treat contamination of per- and polyfluoroalkyl substances, or PFAS. It was one of more than 4,000 lawsuits filed against 3M and other chemical companies.
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be8f3eff-e7a0-4300-879b-0ad0df1ca39c
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715807.0
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2023-06-22 00:00:00 UTC
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Interesting DD Put And Call Options For August 4th
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DD
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https://www.nasdaq.com/articles/interesting-dd-put-and-call-options-for-august-4th
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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 August 4th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new August 4th 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 $67.43/share today.
Because the $67.00 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 1.49% return on the cash commitment, or 12.67% 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 $68.00 strike price has a current bid of $1.10. If an investor was to purchase shares of DD stock at the current price level of $67.43/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $68.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 2.48% if the stock gets called away at the August 4th 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 $68.00 strike highlighted in red:
Considering the fact that the $68.00 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 1.63% boost of extra return to the investor, or 13.85% 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 $67.43) to be 30%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
Also see:
S&P 500 Components Hedge Funds Are Buying
Institutional Holders of IMAX
LEGN Average Annual Return
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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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 $68.00 strike highlighted in red: Considering the fact that the $68.00 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 $68.00 strike highlighted in red: Considering the fact that the $68.00 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 August 4th 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 $68.00 strike highlighted in red: Considering the fact that the $68.00 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 August 4th 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 $68.00 strike highlighted in red: Considering the fact that the $68.00 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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21655a46-3e92-430f-9b34-df5d8585ec34
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715808.0
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2023-06-21 00:00:00 UTC
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DuPont (DD) Partners With JetCool for High-Power Electronics
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DD
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https://www.nasdaq.com/articles/dupont-dd-partners-with-jetcool-for-high-power-electronics
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nan
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nan
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DuPont de Nemours, Inc. DD and JetCool Technologies have partnered to expand the use of advanced liquid cooling technology, which enables thermal management for semiconductors, data centers and other high-performance computer applications. DuPont and JetCool will establish a new sales channel for the latter’s sophisticated cooling products in Taiwan and Singapore.
Chips are becoming more powerful and hotter as the demand for quicker processing grows. Hot spots on chips can cause packages to overheat and systems to fail if high-performance thermal management technology is not used. The challenge is significantly greater today, as the electronics industry installs artificial intelligence and edge computing applications with rising processing power requirements. Thus, sustainable liquid cooling is becoming a vital part of data centers and high-performance computing infrastructure.
JetCool has unveiled microconvective liquid cooling technology to address the expanding thermal management needs, decreasing both capital and operational expenses, improving processor speeds and enabling increased computer density sustainably. To maximize performance, this technology employs arrays of fluid jets directed toward hot regions on the most powerful gadgets. DuPont and JetCool will work together to make this technology more accessible by using the former’s global team and long-standing customer relationships in the semiconductor materials sector.
DuPont's strategic proximity to customers enables it to help accelerate liquid cooling adoption in semiconductor packaging applications with difficult thermal issues while helping larger industry initiatives achieve sustainability advancement.
Shares of DuPont have gained 22.9% over the past year compared with 10.9% rise of its industry.
Image Source: Zacks Investment Research
The company, in May, said that it now expects net sales for 2023 to be $12,300-$12,500 million. Adjusted earnings per share for the year are forecast to be $3.55-$3.70.
For second-quarter 2023, the company anticipates net sales of roughly $3,020 million. Adjusted earnings per share for the quarter are projected at approximately 84 cents.
DuPont also envisions sustained strength in water, automotive, aerospace and healthcare in the remainder of 2023. The company, however, sees weakness in electronics and channel inventory destocking in the near term.
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 to consider in the basic materials space include Koppers Holdings Inc. KOP, Silvercorp Metals Inc. SVM and Linde plc LIN. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Koppers currently carries a Zacks Rank #2 (Buy). The Zacks Consensus Estimate for current-year earnings for KOP is currently pegged at $4.40, implying year-over-year growth of 6.3%. It has a trailing four-quarter earnings surprise of roughly 13.64%, on average. The stock has gained around 47% in a year.
Silvercorp Metals currently carries a Zacks Rank #1. The consensus estimate for current fiscal-year earnings for Silvercorp is currently pegged at 27 cents, suggesting year-over-year growth of 28.6%. The stock has jumped roughly 2.6% in the past year.
Linde currently carries a Zacks Rank #2. The Zacks Consensus Estimate for LIN’s current-year earnings has been revised 3.8% upward in the past 60 days. Linde beat the Zacks Consensus Estimate in each of the last four quarters. It delivered a trailing four-quarter earnings surprise of 6.9% on average. The stock has gained roughly 23.6% in the past year.
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DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report
Koppers Holdings Inc. (KOP) : Free Stock Analysis Report
Linde PLC (LIN) : 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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JetCool has unveiled microconvective liquid cooling technology to address the expanding thermal management needs, decreasing both capital and operational expenses, improving processor speeds and enabling increased computer density sustainably. DuPont de Nemours, Inc. DD and JetCool Technologies have partnered to expand the use of advanced liquid cooling technology, which enables thermal management for semiconductors, data centers and other high-performance computer applications. Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Koppers Holdings Inc. (KOP) : Free Stock Analysis Report Linde PLC (LIN) : 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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DuPont de Nemours, Inc. DD and JetCool Technologies have partnered to expand the use of advanced liquid cooling technology, which enables thermal management for semiconductors, data centers and other high-performance computer applications. Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Koppers Holdings Inc. (KOP) : Free Stock Analysis Report Linde PLC (LIN) : Free Stock Analysis Report Silvercorp Metals Inc. (SVM) : Free Stock Analysis Report To read this article on Zacks.com click here. JetCool has unveiled microconvective liquid cooling technology to address the expanding thermal management needs, decreasing both capital and operational expenses, improving processor speeds and enabling increased computer density sustainably.
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DuPont de Nemours, Inc. DD and JetCool Technologies have partnered to expand the use of advanced liquid cooling technology, which enables thermal management for semiconductors, data centers and other high-performance computer applications. Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Koppers Holdings Inc. (KOP) : Free Stock Analysis Report Linde PLC (LIN) : Free Stock Analysis Report Silvercorp Metals Inc. (SVM) : Free Stock Analysis Report To read this article on Zacks.com click here. JetCool has unveiled microconvective liquid cooling technology to address the expanding thermal management needs, decreasing both capital and operational expenses, improving processor speeds and enabling increased computer density sustainably.
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DuPont de Nemours, Inc. DD and JetCool Technologies have partnered to expand the use of advanced liquid cooling technology, which enables thermal management for semiconductors, data centers and other high-performance computer applications. JetCool has unveiled microconvective liquid cooling technology to address the expanding thermal management needs, decreasing both capital and operational expenses, improving processor speeds and enabling increased computer density sustainably. Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Koppers Holdings Inc. (KOP) : Free Stock Analysis Report Linde PLC (LIN) : 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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595c7662-e1af-487f-a611-4b01e12881b6
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715809.0
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2023-06-20 00:00:00 UTC
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DuPont (DD) Presents High-Performance Solutions at Paris Air Show
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DD
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https://www.nasdaq.com/articles/dupont-dd-presents-high-performance-solutions-at-paris-air-show
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nan
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nan
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DuPont de Nemours, Inc. DD is presenting aerospace solutions at the International Paris Air Show, which is taking place from Jun 19-25 at Le Bourget, located outside Paris. The company will highlight a diverse range of products, such as materials for space exploration and satellite applications.
The innovative team at DuPont's Silicon Valley Innovation Center will unveil a distinctive satellite model. This satellite model shows the breadth of unique solutions made possible by DuPont materials. The company also showcases its DuPont Oasis brand of aircraft wire insulations, which has been demonstrated to be reliable since its launch in the 1990s. The latest DuPont Oasis FCC film is designed to resist more than 1,000 volts, an essential feature as the industry moves toward aircraft electrification and the expansion of advanced air mobility.
DuPont's trusted product portfolio offers a wide range of performance advantages, from commercial aviation to space exploration and satellites. Longer life, lighter weight and higher temperature composites and plastics boost the performance of aircraft engines and nacelles, electric motors, power electronics, battery components and wire & cable. DuPont aerospace solutions are now utilized on a wide range of commercial and military aircraft and are mandated by the majority of Original Equipment Manufacturers (OEMs).
Shares of DuPont have gained 22% over the past year compared with 8.9% rise of its industry.
Image Source: Zacks Investment Research
The company, in May, said that it now sees net sales for 2023 to be $12,300-$12,500 million. Adjusted earnings per share for 2023 are forecast to be $3.55-$3.70.
For second-quarter 2023, the company sees net sales of roughly $3,020 million. Adjusted earnings per share for the quarter is projected at roughly 84 cents.
DuPont also envisions sustained strength in water, automotive, aerospace and healthcare in the remainder of 2023. The company, however, sees weakness in electronics and channel inventory destocking in the near term.
DuPont de Nemours, Inc. Price and Consensus
DuPont de Nemours, Inc. price-consensus-chart | DuPont de Nemours, Inc. Quote
Zacks Rank & Key Picks
DD currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks to consider in the basic materials space include Koppers Holdings Inc. KOP, ATI Inc. ATI and Linde plc LIN. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Koppers currently carries a Zacks Rank #2 (Buy). The Zacks Consensus Estimate for current-year earnings for KOP is currently pegged at $4.40, implying year-over-year growth of 6.3%. It has a trailing four-quarter earnings surprise of roughly 13.64%, on average. KOP has gained around 55.3% in a year.
ATI currently carries a Zacks Rank #1. The consensus estimate for current-year earnings for ATI is currently pegged at $2.24, suggesting year-over-year growth of 12.56%. ATI shares have surged roughly 75.3% in the past year.
Linde currently carries a Zacks Rank #2. The Zacks Consensus Estimate for LIN’s current-year earnings has been revised 3.8% upward in the past 60 days. Linde beat the Zacks Consensus Estimate in each of the last four quarters. It delivered a trailing four-quarter earnings surprise of 6.9% on average. The stock has gained roughly 29.1% in the past year.
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ATI Inc. (ATI) : Free Stock Analysis Report
DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report
Koppers Holdings Inc. (KOP) : 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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DuPont de Nemours, Inc. DD is presenting aerospace solutions at the International Paris Air Show, which is taking place from Jun 19-25 at Le Bourget, located outside Paris. DuPont de Nemours, Inc. Price and Consensus DuPont de Nemours, Inc. price-consensus-chart | DuPont de Nemours, Inc. Quote Zacks Rank & Key Picks DD currently carries a Zacks Rank #3 (Hold). Click to get this free report ATI Inc. (ATI) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Koppers Holdings Inc. (KOP) : Free Stock Analysis Report Linde PLC (LIN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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DuPont de Nemours, Inc. Price and Consensus DuPont de Nemours, Inc. price-consensus-chart | DuPont de Nemours, Inc. Quote Zacks Rank & Key Picks DD currently carries a Zacks Rank #3 (Hold). Click to get this free report ATI Inc. (ATI) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Koppers Holdings Inc. (KOP) : 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 is presenting aerospace solutions at the International Paris Air Show, which is taking place from Jun 19-25 at Le Bourget, located outside Paris.
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DuPont de Nemours, Inc. Price and Consensus DuPont de Nemours, Inc. price-consensus-chart | DuPont de Nemours, Inc. Quote Zacks Rank & Key Picks DD currently carries a Zacks Rank #3 (Hold). Click to get this free report ATI Inc. (ATI) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Koppers Holdings Inc. (KOP) : 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 is presenting aerospace solutions at the International Paris Air Show, which is taking place from Jun 19-25 at Le Bourget, located outside Paris.
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DuPont de Nemours, Inc. DD is presenting aerospace solutions at the International Paris Air Show, which is taking place from Jun 19-25 at Le Bourget, located outside Paris. DuPont de Nemours, Inc. Price and Consensus DuPont de Nemours, Inc. price-consensus-chart | DuPont de Nemours, Inc. Quote Zacks Rank & Key Picks DD currently carries a Zacks Rank #3 (Hold). Click to get this free report ATI Inc. (ATI) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Koppers Holdings Inc. (KOP) : Free Stock Analysis Report Linde PLC (LIN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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0573d41c-41ad-497d-bb04-5898e2da6e5f
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715810.0
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2023-06-15 00:00:00 UTC
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August 18th Options Now Available For DuPont (DD)
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DD
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https://www.nasdaq.com/articles/august-18th-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 August 18th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new August 18th contracts and identified one put and one call contract of particular interest.
The put contract at the $65.00 strike price has a current bid of $1.30. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $65.00, but will also collect the premium, putting the cost basis of the shares at $63.70 (before broker commissions). To an investor already interested in purchasing shares of DD, that could represent an attractive alternative to paying $68.68/share today.
Because the $65.00 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 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 2.00% return on the cash commitment, or 11.41% 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 $65.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $70.00 strike price has a current bid of $2.25. If an investor was to purchase shares of DD stock at the current price level of $68.68/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $70.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 5.20% if the stock gets called away at the August 18th 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 $70.00 strike highlighted in red:
Considering the fact that the $70.00 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 3.28% boost of extra return to the investor, or 18.68% 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 $68.68) to be 30%. 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 Ten Hedge Funds Holding VSAC
PCG Videos
BGG 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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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 $70.00 strike highlighted in red: Considering the fact that the $70.00 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.
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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 $70.00 strike highlighted in red: Considering the fact that the $70.00 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 begin trading today, for the August 18th 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 $70.00 strike highlighted in red: Considering the fact that the $70.00 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).
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At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new August 18th 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 $70.00 strike highlighted in red: Considering the fact that the $70.00 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.
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7fe63767-0f98-4cc1-98e7-e15012df86ea
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715811.0
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2023-06-15 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-5
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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 Large-Cap Growth Stocks
Factor-Based Stock Portfolios
High Momentum Stocks
Dividend Aristocrats 2023
High Insider Ownership Stocks
Top S&P 500 Stocks
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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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 Large-Cap Growth Stocks Factor-Based Stock Portfolios High Momentum Stocks Dividend Aristocrats 2023 High Insider Ownership Stocks Top S&P 500 Stocks About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. 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 Large-Cap Growth Stocks Factor-Based Stock Portfolios High Momentum Stocks Dividend Aristocrats 2023 High Insider Ownership Stocks Top S&P 500 Stocks 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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5e1d10ed-3f55-49ba-9df7-cd1fae16fece
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715812.0
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2023-06-06 00:00:00 UTC
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DuPont (DD) Gains on Productivity & Innovation, Destocking Ails
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DD
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https://www.nasdaq.com/articles/dupont-dd-gains-on-productivity-innovation-destocking-ails
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nan
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nan
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DuPont de Nemours, Inc. DD is benefiting from healthy demand in several markets, productivity and pricing actions and innovation-driven investment amid headwinds from destocking in consumer electronics and raw material cost inflation.
The company’s shares are up 5.3% over a year, compared with the 10.3% decline of its industry.
Image Source: Zacks Investment Research
DuPont, a Zacks Rank #3 (Hold) stock, is gaining from healthy underlying demand in a number of end-markets, including water and general industrial. Its industrial solutions business and the Water & Protection segment recorded growth in organic sales in the first quarter. DuPont also witnessed continued strong demand in its automotive adhesives portfolio in the quarter. It envisions sustained strength in water, automotive, aerospace and healthcare in the remainder of 2023.
Moreover, the company remains focused on driving growth though innovation and new product development. Its innovation-driven investment is focused on several high-growth areas. It remains committed to drive returns from its R&D investment. It is also benefiting from cost synergy savings and productivity improvement actions. Its structural cost actions are contributing to its bottom line.
The company, last month, also agreed to buy leading manufacturer of specialty medical devices and components, Spectrum Plastics Group from AEA Investors for $1.75 billion. The transaction is expected to complete by the end of third-quarter 2023. 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.
DuPont 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, DuPont faces challenges from the slowdown in the consumer electronics and semiconductor markets. The company saw lower sales in semiconductor technologies and challenges in the electronics and construction-related end markets in the first quarter. It witnessed lower volumes in consumer electronics and semiconductors in the quarter. Reduced consumer electronics spending and inventory destocking are impacting volumes. Lower semiconductor fab utilization rates are also hurting sales in the semiconductor technologies business. DD sees weakness in electronics and channel inventory destocking in the near term. This may impact its performance in the second quarter.
The company is also exposed to headwinds from higher raw material and logistics costs. Supply constraints for major raw materials are expected to continue over the near term. Higher energy costs driven by the Russia-Ukraine conflict are also expected to impact its results.
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 considering in the basic materials space include L.B. Foster Company FSTR, Gold Fields Limited GFI, and Linde plc LIN.
L.B. Foster currently carries a Zacks Rank #1 (Strong Buy). The Zacks Consensus Estimate for FSTR's current-year earnings has been stable over the past 60 days. You can see the complete list of today’s Zacks #1 Rank stocks here.
L.B. Foster’s earnings beat the Zacks Consensus Estimate in each of the last four quarters. It has a trailing four-quarter earnings surprise of roughly 140.5%, on average. FSTR has gained around 5% in a year.
Gold Fields currently carries a Zacks Rank #2 (Buy). The Zacks Consensus Estimate for GFI’s current-year earnings has been revised 23.5% upward in the past 60 days.
The consensus estimate for current-year earnings for GFI is currently pegged at $1.05, reflecting an expected year-over-year growth of 8.3%. Gold Fields’ shares have popped roughly 64% in the past year.
Linde currently carries a Zacks Rank #2. The Zacks Consensus Estimate for LIN’s current-year earnings has been revised 4.4% upward in the past 60 days.
Linde beat Zacks Consensus Estimate in each of the last four quarters. It delivered a trailing four-quarter earnings surprise of 6.9% on average. LIN’s shares have gained roughly 8% in the past year.
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DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report
Gold Fields Limited (GFI) : Free Stock Analysis Report
L.B. Foster Company (FSTR) : 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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DuPont de Nemours, Inc. DD is benefiting from healthy demand in several markets, productivity and pricing actions and innovation-driven investment amid headwinds from destocking in consumer electronics and raw material cost inflation. DD sees weakness in electronics and channel inventory destocking in the near term. Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Gold Fields Limited (GFI) : Free Stock Analysis Report L.B.
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DuPont de Nemours, Inc. DD is benefiting from healthy demand in several markets, productivity and pricing actions and innovation-driven investment amid headwinds from destocking in consumer electronics and raw material cost inflation. Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Gold Fields Limited (GFI) : Free Stock Analysis Report L.B. DD sees weakness in electronics and channel inventory destocking in the near term.
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DuPont de Nemours, Inc. DD is benefiting from healthy demand in several markets, productivity and pricing actions and innovation-driven investment amid headwinds from destocking in consumer electronics and raw material cost inflation. Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Gold Fields Limited (GFI) : Free Stock Analysis Report L.B. DD sees weakness in electronics and channel inventory destocking in the near term.
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DuPont de Nemours, Inc. DD is benefiting from healthy demand in several markets, productivity and pricing actions and innovation-driven investment amid headwinds from destocking in consumer electronics and raw material cost inflation. DD sees weakness in electronics and channel inventory destocking in the near term. Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Gold Fields Limited (GFI) : Free Stock Analysis Report L.B.
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103d8c3e-b1bb-4640-822d-fd12b759d9ce
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715813.0
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2023-06-05 00:00:00 UTC
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DuPont (DD) Shares Cross 2% Yield Mark
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DD
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https://www.nasdaq.com/articles/dupont-dd-shares-cross-2-yield-mark-0
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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, in trading on Monday, shares of DuPont (Symbol: DD) were yielding above the 2% mark based on its quarterly dividend (annualized to $1.44), with the stock changing hands as low as $71.53 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return. To illustrate, suppose for example you purchased shares of the S&P 500 ETF (SPY) back on 12/31/1999 — you would have paid $146.88 per share. Fast forward to 12/31/2012 and each share was worth $142.41 on that date, a decrease of $4.67/share over all those years. But now consider that you collected a whopping $25.98 per share in dividends over the same period, for a positive total return of 23.36%. Even with dividends reinvested, that only amounts to an average annual total return of about 1.6%; so by comparison collecting a yield above 2% would appear considerably attractive if that yield is sustainable. DuPont (Symbol: DD) is an S&P 500 company, giving it special status as one of the large-cap companies making up the S&P 500 Index.
In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of DuPont, looking at the history chart for DD below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 2% annual yield.
Click here to find out which 9 other dividend stocks just recently went on sale »
Also see:
CRZN market cap history
Institutional Holders of NBXG
Funds Holding AKO
The views and 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, in trading on Monday, shares of DuPont (Symbol: DD) were yielding above the 2% mark based on its quarterly dividend (annualized to $1.44), with the stock changing hands as low as $71.53 on the day. DuPont (Symbol: DD) is an S&P 500 company, giving it special status as one of the large-cap companies making up the S&P 500 Index. In the case of DuPont, looking at the history chart for DD below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 2% annual yield.
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Looking at the universe of stocks we cover at Dividend Channel, in trading on Monday, shares of DuPont (Symbol: DD) were yielding above the 2% mark based on its quarterly dividend (annualized to $1.44), with the stock changing hands as low as $71.53 on the day. DuPont (Symbol: DD) is an S&P 500 company, giving it special status as one of the large-cap companies making up the S&P 500 Index. In the case of DuPont, looking at the history chart for DD below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 2% annual yield.
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Looking at the universe of stocks we cover at Dividend Channel, in trading on Monday, shares of DuPont (Symbol: DD) were yielding above the 2% mark based on its quarterly dividend (annualized to $1.44), with the stock changing hands as low as $71.53 on the day. DuPont (Symbol: DD) is an S&P 500 company, giving it special status as one of the large-cap companies making up the S&P 500 Index. In the case of DuPont, looking at the history chart for DD below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 2% annual yield.
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DuPont (Symbol: DD) is an S&P 500 company, giving it special status as one of the large-cap companies making up the S&P 500 Index. Looking at the universe of stocks we cover at Dividend Channel, in trading on Monday, shares of DuPont (Symbol: DD) were yielding above the 2% mark based on its quarterly dividend (annualized to $1.44), with the stock changing hands as low as $71.53 on the day. In the case of DuPont, looking at the history chart for DD below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 2% annual yield.
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a81e7346-cbe8-43dc-8e95-6e6df3b08496
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715814.0
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2023-06-05 00:00:00 UTC
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3M, Florida city move toward resolving PFAS chemicals claim, seek trial delay
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DD
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https://www.nasdaq.com/articles/3m-florida-city-move-toward-resolving-pfas-chemicals-claim-seek-trial-delay
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nan
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nan
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Rewrites with progress toward a settlement
June 4 (Reuters) - U.S. industrial conglomerate 3M Co MMM.N and the city of Stuart, Florida are making "significant" progress to settle a water pollution suit tied to toxic "forever chemicals" and sought to delay a trial, according to a court filing on Sunday.
3M was scheduled to face trial in South Carolina federal court on Monday in a lawsuit brought by the Florida city accusing the company of manufacturing PFAS, or per- and polyflouroalkyl substances, despite knowing for decades that the chemicals can cause cancer and other ailments.
The company and lawyers for the city did not immediately respond to requests for comment.
The request for a delay comes after three major chemicals companies, Chemours Co CC.N, DuPont de Nemours Inc DD.N and Corteva Inc CTVA.N, last Friday said they had reached an agreement in principle to settle claims they contaminated U.S. public water systems with PFAS for $1.19 billion.
Bloomberg News reported last Friday that 3M had struck a tentative $10 billion deal with U.S. cities and towns to resolve the PFAS water pollution lawsuits it is facing. Reuters could not immediately confirm that report.
Dubbed "forever chemicals" as they do not easily break down in the human body or environment, PFAS are used in a wide range of products from firefighting foams to cosmetics and have been linked to cancer, hormonal dysfunction and environmental damage.
The city of Stuart is seeking more than $100 million from 3M to pay for water filtration and soil remediation.
The trial had been chosen as the first to test the viability of similar claims made by water providers that have sued the company.
(Reporting by Maria Ponnezhath in Bengaluru and Clark Mindock in New York; Editing by Kim Coghill and Sonali Paul)
((Maria.Ponnezhath@thomsonreuters.com; +91 8061822749))
The views and 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 request for a delay comes after three major chemicals companies, Chemours Co CC.N, DuPont de Nemours Inc DD.N and Corteva Inc CTVA.N, last Friday said they had reached an agreement in principle to settle claims they contaminated U.S. public water systems with PFAS for $1.19 billion. 3M was scheduled to face trial in South Carolina federal court on Monday in a lawsuit brought by the Florida city accusing the company of manufacturing PFAS, or per- and polyflouroalkyl substances, despite knowing for decades that the chemicals can cause cancer and other ailments. Dubbed "forever chemicals" as they do not easily break down in the human body or environment, PFAS are used in a wide range of products from firefighting foams to cosmetics and have been linked to cancer, hormonal dysfunction and environmental damage.
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The request for a delay comes after three major chemicals companies, Chemours Co CC.N, DuPont de Nemours Inc DD.N and Corteva Inc CTVA.N, last Friday said they had reached an agreement in principle to settle claims they contaminated U.S. public water systems with PFAS for $1.19 billion. Rewrites with progress toward a settlement June 4 (Reuters) - U.S. industrial conglomerate 3M Co MMM.N and the city of Stuart, Florida are making "significant" progress to settle a water pollution suit tied to toxic "forever chemicals" and sought to delay a trial, according to a court filing on Sunday. Bloomberg News reported last Friday that 3M had struck a tentative $10 billion deal with U.S. cities and towns to resolve the PFAS water pollution lawsuits it is facing.
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The request for a delay comes after three major chemicals companies, Chemours Co CC.N, DuPont de Nemours Inc DD.N and Corteva Inc CTVA.N, last Friday said they had reached an agreement in principle to settle claims they contaminated U.S. public water systems with PFAS for $1.19 billion. Rewrites with progress toward a settlement June 4 (Reuters) - U.S. industrial conglomerate 3M Co MMM.N and the city of Stuart, Florida are making "significant" progress to settle a water pollution suit tied to toxic "forever chemicals" and sought to delay a trial, according to a court filing on Sunday. 3M was scheduled to face trial in South Carolina federal court on Monday in a lawsuit brought by the Florida city accusing the company of manufacturing PFAS, or per- and polyflouroalkyl substances, despite knowing for decades that the chemicals can cause cancer and other ailments.
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The request for a delay comes after three major chemicals companies, Chemours Co CC.N, DuPont de Nemours Inc DD.N and Corteva Inc CTVA.N, last Friday said they had reached an agreement in principle to settle claims they contaminated U.S. public water systems with PFAS for $1.19 billion. Rewrites with progress toward a settlement June 4 (Reuters) - U.S. industrial conglomerate 3M Co MMM.N and the city of Stuart, Florida are making "significant" progress to settle a water pollution suit tied to toxic "forever chemicals" and sought to delay a trial, according to a court filing on Sunday. The company and lawyers for the city did not immediately respond to requests for comment.
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9e854a35-f3f4-4972-861c-ab4871b25afd
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715815.0
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2023-06-02 00:00:00 UTC
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The 2 Most Surprising Stock Winners In the Dow Today
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DD
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https://www.nasdaq.com/articles/the-2-most-surprising-stock-winners-in-the-dow-today
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nan
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nan
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Stocks soared on Friday, with investors breathing a sigh of relief at the apparent end of worries about a government default. All three major market averages were up significantly.
INDEX
DAILY PERCENTAGE CHANGE
DAILY POINT CHANGE
Dow
+2.12%
+701
S&P 500
+1.45%
+61
Nasdaq
+1.07%
+140
Data source: Yahoo! Finance.
Some might have been surprised to see the Nasdaq Composite (NASDAQINDEX: ^IXIC) and S&P 500 (SNPINDEX: ^GSPC) underperform the Dow Jones Industrial Average (DJINDICES: ^DJI). Yet what was even more surprising was that the biggest contributors to the Dow's gains weren't in the high-growth areas that investors have come to expect to produce big share-price moves higher. Instead, 3M (NYSE: MMM) and Caterpillar (NYSE: CAT) were the biggest winners in the Dow on Friday. Here's why.
3M looks to the future
Shares of 3M were 9% higher on Friday. The manufacturing giant has had shareholders concerned about potential legal liability that could endanger the entire business, but news reports suggest that the company might be close to putting those worries behind it once and for all.
3M had been scheduled to go to trial next week in the first of thousands of lawsuits alleging damages from products containing the controversial chemical PFAS. State and local governments across the U.S. are the plaintiffs in these suits, with various PFAS-containing products at issue. Estimates for total potential losses if the cases were to go against 3M had exceeded $140 billion, which is more than double 3M's current market capitalization.
However, chemical industry peers DuPont (NYSE: DD) and its spinoffs Chemours (NYSE: CC) and Corteva (NYSE: CTVA) agreed to a potential settlement of $1.185 billion to settle a class action suit involving roughly 300 communities. Following that, reports surfaced that 3M had reached a similar potential settlement for $10 billion or more, although the company didn't provide confirmation as of Friday afternoon.
Obviously, a settlement of this magnitude would be costly for 3M. But the company has lost more than $50 billion of its market capitalization over the past two years, largely because of fears about this prospective liability. If the reports turn out to be true, it'd be a big weight off 3M's shoulders.
Caterpillar picks up speed
Caterpillar made an even bigger impression on the Dow. Its shares were up the same 8% as 3M, but its higher share price meant that the heavy equipment manufacturer contributed more than 120 points to the Dow's upward move.
Caterpillar is economically sensitive, and so news that the U.S. employment situation remains favorable was welcome. For months now, higher interest rates and fears of a recession have contributed to less optimistic assessments of Caterpillar's prospects. With the company having seen net income climb past pre-pandemic levels, some were worried that a downward revision to the mean would be inevitable.
Yet there are still a lot of things going well for Caterpillar. With the debt ceiling issue resolved for now, shareholders are optimistic that much-needed infrastructure projects can go forward, which should support Caterpillar's business. Efforts to cut costs have also started to pay off for the company.
The bear market will end when a broad swath of stocks posts meaningful gains. Investors are excited that 3M and Caterpillar were big contributors to the Dow's move, and if they can keep rising, it could finally help Wall Street put 2022 behind it once and for all.
10 stocks we like better than 3M
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Dan Caplinger has no position in any of the stocks mentioned. The Motley Fool recommends 3M. 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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However, chemical industry peers DuPont (NYSE: DD) and its spinoffs Chemours (NYSE: CC) and Corteva (NYSE: CTVA) agreed to a potential settlement of $1.185 billion to settle a class action suit involving roughly 300 communities. Yet what was even more surprising was that the biggest contributors to the Dow's gains weren't in the high-growth areas that investors have come to expect to produce big share-price moves higher. The manufacturing giant has had shareholders concerned about potential legal liability that could endanger the entire business, but news reports suggest that the company might be close to putting those worries behind it once and for all.
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However, chemical industry peers DuPont (NYSE: DD) and its spinoffs Chemours (NYSE: CC) and Corteva (NYSE: CTVA) agreed to a potential settlement of $1.185 billion to settle a class action suit involving roughly 300 communities. Yet what was even more surprising was that the biggest contributors to the Dow's gains weren't in the high-growth areas that investors have come to expect to produce big share-price moves higher. Investors are excited that 3M and Caterpillar were big contributors to the Dow's move, and if they can keep rising, it could finally help Wall Street put 2022 behind it once and for all.
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However, chemical industry peers DuPont (NYSE: DD) and its spinoffs Chemours (NYSE: CC) and Corteva (NYSE: CTVA) agreed to a potential settlement of $1.185 billion to settle a class action suit involving roughly 300 communities. Instead, 3M (NYSE: MMM) and Caterpillar (NYSE: CAT) were the biggest winners in the Dow on Friday. See the 10 stocks *Stock Advisor returns as of May 30, 2023 Dan Caplinger has no position in any of the stocks mentioned.
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However, chemical industry peers DuPont (NYSE: DD) and its spinoffs Chemours (NYSE: CC) and Corteva (NYSE: CTVA) agreed to a potential settlement of $1.185 billion to settle a class action suit involving roughly 300 communities. Some might have been surprised to see the Nasdaq Composite (NASDAQINDEX: ^IXIC) and S&P 500 (SNPINDEX: ^GSPC) underperform the Dow Jones Industrial Average (DJINDICES: ^DJI). Instead, 3M (NYSE: MMM) and Caterpillar (NYSE: CAT) were the biggest winners in the Dow on Friday.
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2156a87a-b40b-4e4d-b7ad-e28959c2937b
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715816.0
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2023-06-02 00:00:00 UTC
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Albemarle (ALB) Up 11.3% Since Last Earnings Report: Can It Continue?
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DD
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https://www.nasdaq.com/articles/albemarle-alb-up-11.3-since-last-earnings-report%3A-can-it-continue
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nan
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nan
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It has been about a month since the last earnings report for Albemarle (ALB). Shares have added about 11.3% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Albemarle due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.
Albemarle's Q1 Earnings Top Estimates, Revenues Miss
Albemarle logged a profit of $1,238.6 million or $10.51 per share in the first quarter of 2023, up from a profit of $253.4 million or $2.15 per share a year ago.
Adjusted earnings in the reported quarter were $10.32 per share, topping the Zacks Consensus Estimate of $6.93.
Revenues climbed roughly 129% year over year to $2,580.3 million in the quarter, However, it trailed the Zacks Consensus Estimate of $2,736.5 million. The top line was driven by higher lithium pricing and increased volumes.
Segment Highlights
Sales from the Energy Storage unit surged 319% year over year to $1,943.7 million. Sales were driven by higher pricing (up 301% net of currency) associated with renegotiated contracts and higher market pricing. Volumes rose 18% in the quarter on the back of the La Negra III/IV expansion in Chile and increased tolling volumes to meet rising customer demand.
The Specialties segment recorded sales of $418.8 million, down around 6% year over year. Sales were impacted by 15% lower volumes, partly offset by a 9% (net of currency) rise in pricing.
The Ketjen unit recorded revenues of $217.8 million in the reported quarter, flat year over year. Volumes fell 12% while pricing increased 12% (net of currency).
Financial Position
Albemarle ended the quarter with cash and cash equivalents of roughly $1,586.7 million, up more than three-fold year over year. Long-term debt was around $3,233.4 million, up around 62% year over year.
Cash flow from operations was $721 million for the quarter, up more than three-fold year over year.
Outlook
Albemarle now expects net sales in the band of $9.8-$11.5 billion for 2023 compared with $11.3-$12.9 billion expected earlier. It sees continued global shift to electric vehicles to drive a 35-55% year-over-year rise in net sales in 2023. Adjusted EBITDA for the year is now forecast to be $3.3-$4 billion, compared with $4.2-$5.1 billion expected earlier.
Albemarle also sees adjusted earnings per share guidance for 2023 in the band of $20.75-$25.75, down from its earlier view of $26.00-$33.00.
The company anticipates capital expenditures of $1.7-$1.9 billion for 2023. Net cash from operations is projected to be $1.7-$2.3 billion for the year.
How Have Estimates Been Moving Since Then?
In the past month, investors have witnessed a downward trend in estimates revision.
The consensus estimate has shifted -25.29% due to these changes.
VGM Scores
At this time, Albemarle has a great Growth Score of A, though it is lagging a lot on the Momentum Score front with an F. However, the stock was allocated a grade of A on the value side, putting it in the top 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Albemarle has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry Player
Albemarle is part of the Zacks Chemical - Diversified industry. Over the past month, DuPont de Nemours (DD), a stock from the same industry, has gained 5.3%. The company reported its results for the quarter ended March 2023 more than a month ago.
DuPont de Nemours reported revenues of $3.02 billion in the last reported quarter, representing a year-over-year change of -7.8%. EPS of $0.84 for the same period compares with $0.82 a year ago.
For the current quarter, DuPont de Nemours is expected to post earnings of $0.83 per share, indicating a change of -5.7% from the year-ago quarter. The Zacks Consensus Estimate has changed -1.7% over the last 30 days.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for DuPont de Nemours. Also, the stock has a VGM Score of D.
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
Albemarle Corporation (ALB) : Free Stock Analysis 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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Shares have added about 11.3% in that time frame, outperforming the S&P 500. Over the past month, DuPont de Nemours (DD), a stock from the same industry, has gained 5.3%. Click to get this free report Albemarle Corporation (ALB) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report Albemarle Corporation (ALB) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report To read this article on Zacks.com click here. Shares have added about 11.3% in that time frame, outperforming the S&P 500. Over the past month, DuPont de Nemours (DD), a stock from the same industry, has gained 5.3%.
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Click to get this free report Albemarle Corporation (ALB) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report To read this article on Zacks.com click here. Shares have added about 11.3% in that time frame, outperforming the S&P 500. Over the past month, DuPont de Nemours (DD), a stock from the same industry, has gained 5.3%.
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Shares have added about 11.3% in that time frame, outperforming the S&P 500. Over the past month, DuPont de Nemours (DD), a stock from the same industry, has gained 5.3%. Click to get this free report Albemarle Corporation (ALB) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report To read this article on Zacks.com click here.
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a82dd09f-0045-4a19-ab43-50e941a5c240
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715817.0
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2023-06-02 00:00:00 UTC
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S&P 500 Movers: TMUS, DISH
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DD
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https://www.nasdaq.com/articles/sp-500-movers%3A-tmus-dish
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nan
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nan
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In early trading on Friday, shares of DISH Network topped the list of the day's best performing components of the S&P 500 index, trading up 17.5%. Year to date, DISH Network has lost about 47.5% of its value.
And the worst performing S&P 500 component thus far on the day is T-Mobile US, trading down 7.6%. T-Mobile US is lower by about 8.3% looking at the year to date performance.
Two other components making moves today are AT&T, trading down 4.0%, and DuPont, trading up 6.1% on the day.
VIDEO: S&P 500 Movers: TMUS, DISH
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In early trading on Friday, shares of DISH Network topped the list of the day's best performing components of the S&P 500 index, trading up 17.5%. And the worst performing S&P 500 component thus far on the day is T-Mobile US, trading down 7.6%. VIDEO: S&P 500 Movers: TMUS, DISH The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In early trading on Friday, shares of DISH Network topped the list of the day's best performing components of the S&P 500 index, trading up 17.5%. Year to date, DISH Network has lost about 47.5% of its value. T-Mobile US is lower by about 8.3% looking at the year to date performance.
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In early trading on Friday, shares of DISH Network topped the list of the day's best performing components of the S&P 500 index, trading up 17.5%. And the worst performing S&P 500 component thus far on the day is T-Mobile US, trading down 7.6%. Two other components making moves today are AT&T, trading down 4.0%, and DuPont, trading up 6.1% on the day.
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In early trading on Friday, shares of DISH Network topped the list of the day's best performing components of the S&P 500 index, trading up 17.5%. And the worst performing S&P 500 component thus far on the day is T-Mobile US, trading down 7.6%. VIDEO: S&P 500 Movers: TMUS, DISH The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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feab9e74-e3c7-4e78-bc1d-2a4827150735
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715818.0
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2023-06-02 00:00:00 UTC
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Chemours, DuPont, And Corteva Settle With US Water Systems For $1.185 Billion
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DD
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https://www.nasdaq.com/articles/chemours-dupont-and-corteva-settle-with-us-water-systems-for-%241.185-billion
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nan
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nan
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(RTTNews) - The companies, Chemours Company (CC), DuPont de Nemours, Inc. (DD) and Corteva, Inc. (CTVA), announced Friday that they have reached an agreement to resolve all PFAS-related drinking water claims of public water systems that serve the majority of the US population.
The companies will establish a water district settlement fund involving a contribution of $1.185 billion. Chemours will contribute 50 percent, about $592 million; and DuPont about $400 million; and Corteva about $193 million bringing their contribution to 50 percent.
The contribution rates are consistent with the memorandum of understanding reached by the companies in 2021. The companies will fund the settlement amounts in full and deposit it into the water district settlement fund within ten business days after the preliminary approval by the court.
The settlement will be subject to approval by the United States District Court for the District of South Carolina.
Thursday, shares of Chemours closed at $27.11 up 2.34% or $0.62 on the New York Stock exchange. In premarket activity, shares of DuPont are trading at $69.50 up 3.05% or $2.06 on the New York Stock Exchange and shares of Corteva are trading at $54.00 up 0.26% or $0.14.
The views and 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) - The companies, Chemours Company (CC), DuPont de Nemours, Inc. (DD) and Corteva, Inc. (CTVA), announced Friday that they have reached an agreement to resolve all PFAS-related drinking water claims of public water systems that serve the majority of the US population. The companies will establish a water district settlement fund involving a contribution of $1.185 billion. The contribution rates are consistent with the memorandum of understanding reached by the companies in 2021.
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(RTTNews) - The companies, Chemours Company (CC), DuPont de Nemours, Inc. (DD) and Corteva, Inc. (CTVA), announced Friday that they have reached an agreement to resolve all PFAS-related drinking water claims of public water systems that serve the majority of the US population. Chemours will contribute 50 percent, about $592 million; and DuPont about $400 million; and Corteva about $193 million bringing their contribution to 50 percent. The companies will fund the settlement amounts in full and deposit it into the water district settlement fund within ten business days after the preliminary approval by the court.
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(RTTNews) - The companies, Chemours Company (CC), DuPont de Nemours, Inc. (DD) and Corteva, Inc. (CTVA), announced Friday that they have reached an agreement to resolve all PFAS-related drinking water claims of public water systems that serve the majority of the US population. Chemours will contribute 50 percent, about $592 million; and DuPont about $400 million; and Corteva about $193 million bringing their contribution to 50 percent. The companies will fund the settlement amounts in full and deposit it into the water district settlement fund within ten business days after the preliminary approval by the court.
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(RTTNews) - The companies, Chemours Company (CC), DuPont de Nemours, Inc. (DD) and Corteva, Inc. (CTVA), announced Friday that they have reached an agreement to resolve all PFAS-related drinking water claims of public water systems that serve the majority of the US population. The companies will establish a water district settlement fund involving a contribution of $1.185 billion. Chemours will contribute 50 percent, about $592 million; and DuPont about $400 million; and Corteva about $193 million bringing their contribution to 50 percent.
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def4122a-7340-4e79-be29-5bb3600d5ba8
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715819.0
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2023-06-02 00:00:00 UTC
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Chemical makers to set aside $1.19 bln to settle PFAS-related claims in US
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DD
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https://www.nasdaq.com/articles/chemical-makers-to-set-aside-%241.19-bln-to-settle-pfas-related-claims-in-us
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nan
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nan
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Adds background in paragraph 2, details of settlement in paragraphs 4, 6
June 2 (Reuters) - Chemical makers Chemours Co CC.N, DuPont de Nemours Inc DD.N and Corteva Inc CTVA.N said on Friday they would set up a $1.19 billion fund to settle PFAS-related drinking water claims in the United States.
The companies are facing several lawsuits in the U.S. over their alleged role in polluting drinking water with perfluoroalkyl and polyfluoroalkyl substances (PFAS), also known as "forever chemicals".
Chemours said it would contribute half the agreed amount while the remaining would be provided by DuPont and Corteva after the companies reached an in-principle agreement.
Chemours will take a pre-tax charge in the current quarter of $592 million related to the fund.
"Forever chemicals", which have been used for decades in manufacturing nonstick coatings such as Teflon, have also been linked to cancer, hormonal dysfunction, weakening the immune system as well as environmental damage.
The companies expect to finalize a formal agreement by the second quarter of 2023.
(Reporting by Sourasis Bose in Bengaluru; Editing by Shounak Dasgupta and Vinay Dwivedi)
((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 background in paragraph 2, details of settlement in paragraphs 4, 6 June 2 (Reuters) - Chemical makers Chemours Co CC.N, DuPont de Nemours Inc DD.N and Corteva Inc CTVA.N said on Friday they would set up a $1.19 billion fund to settle PFAS-related drinking water claims in the United States. The companies are facing several lawsuits in the U.S. over their alleged role in polluting drinking water with perfluoroalkyl and polyfluoroalkyl substances (PFAS), also known as "forever chemicals". Chemours said it would contribute half the agreed amount while the remaining would be provided by DuPont and Corteva after the companies reached an in-principle agreement.
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Adds background in paragraph 2, details of settlement in paragraphs 4, 6 June 2 (Reuters) - Chemical makers Chemours Co CC.N, DuPont de Nemours Inc DD.N and Corteva Inc CTVA.N said on Friday they would set up a $1.19 billion fund to settle PFAS-related drinking water claims in the United States. The companies are facing several lawsuits in the U.S. over their alleged role in polluting drinking water with perfluoroalkyl and polyfluoroalkyl substances (PFAS), also known as "forever chemicals". "Forever chemicals", which have been used for decades in manufacturing nonstick coatings such as Teflon, have also been linked to cancer, hormonal dysfunction, weakening the immune system as well as environmental damage.
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Adds background in paragraph 2, details of settlement in paragraphs 4, 6 June 2 (Reuters) - Chemical makers Chemours Co CC.N, DuPont de Nemours Inc DD.N and Corteva Inc CTVA.N said on Friday they would set up a $1.19 billion fund to settle PFAS-related drinking water claims in the United States. The companies are facing several lawsuits in the U.S. over their alleged role in polluting drinking water with perfluoroalkyl and polyfluoroalkyl substances (PFAS), also known as "forever chemicals". Chemours said it would contribute half the agreed amount while the remaining would be provided by DuPont and Corteva after the companies reached an in-principle agreement.
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Adds background in paragraph 2, details of settlement in paragraphs 4, 6 June 2 (Reuters) - Chemical makers Chemours Co CC.N, DuPont de Nemours Inc DD.N and Corteva Inc CTVA.N said on Friday they would set up a $1.19 billion fund to settle PFAS-related drinking water claims in the United States. The companies are facing several lawsuits in the U.S. over their alleged role in polluting drinking water with perfluoroalkyl and polyfluoroalkyl substances (PFAS), also known as "forever chemicals". Chemours said it would contribute half the agreed amount while the remaining would be provided by DuPont and Corteva after the companies reached an in-principle agreement.
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fc0cf859-095f-45c7-912d-d924d9135201
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715820.0
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2023-06-02 00:00:00 UTC
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Friday Sector Leaders: Materials, Energy
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DD
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https://www.nasdaq.com/articles/friday-sector-leaders%3A-materials-energy
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nan
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nan
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The best performing sector as of midday Friday is the Materials sector, higher by 4.0%. Within that group, Celanese Corp (Symbol: CE) and DuPont (Symbol: DD) are two large stocks leading the way, showing a gain of 8.0% and 7.4%, respectively. Among the high volume ETFs, one ETF closely following materials stocks is the Materials Select Sector SPDR ETF (Symbol: XLB), which is up 3.3% on the day, and up 1.59% year-to-date. Celanese Corp, meanwhile, is up 13.36% year-to-date, and DuPont is up 6.24% year-to-date. Combined, CE and DD make up approximately 5.1% of the underlying holdings of XLB.
The next best performing sector is the Energy sector, up 3.8%. Among large Energy stocks, Halliburton Company (Symbol: HAL) and APA Corp (Symbol: APA) are the most notable, showing a gain of 6.4% and 5.8%, respectively. One ETF closely tracking Energy stocks is the Energy Select Sector SPDR ETF (XLE), which is up 3.3% in midday trading, and down 4.18% on a year-to-date basis. Halliburton Company, meanwhile, is down 14.84% year-to-date, and APA Corp, is down 21.17% year-to-date. Combined, HAL and APA make up approximately 3.1% of the underlying holdings of XLE.
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 Friday. As you can see, nine sectors are up on the day, while none of the sectors are down.
SECTOR % CHANGE
Materials +4.0%
Energy +3.8%
Financial +2.8%
Consumer Products +2.4%
Industrial +2.4%
Services +2.3%
Healthcare +1.4%
Utilities +1.1%
Technology & Communications +0.7%
10 ETFs With Stocks That Insiders Are Buying »
Also see:
Secondary Stock Offerings
Funds Holding CBMG
ETFs Holding TTEK
The views and 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 best performing sector as of midday Friday is the Materials sector, higher by 4.0%. Within that group, Celanese Corp (Symbol: CE) and DuPont (Symbol: DD) are two large stocks leading the way, showing a gain of 8.0% and 7.4%, respectively. Combined, CE and DD make up approximately 5.1% of the underlying holdings of XLB.
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One ETF closely tracking Energy stocks is the Energy Select Sector SPDR ETF (XLE), which is up 3.3% in midday trading, and down 4.18% on a year-to-date basis. The best performing sector as of midday Friday is the Materials sector, higher by 4.0%. Within that group, Celanese Corp (Symbol: CE) and DuPont (Symbol: DD) are two large stocks leading the way, showing a gain of 8.0% and 7.4%, respectively.
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One ETF closely tracking Energy stocks is the Energy Select Sector SPDR ETF (XLE), which is up 3.3% in midday trading, and down 4.18% on a year-to-date basis. The best performing sector as of midday Friday is the Materials sector, higher by 4.0%. Within that group, Celanese Corp (Symbol: CE) and DuPont (Symbol: DD) are two large stocks leading the way, showing a gain of 8.0% and 7.4%, respectively.
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The best performing sector as of midday Friday is the Materials sector, higher by 4.0%. One ETF closely tracking Energy stocks is the Energy Select Sector SPDR ETF (XLE), which is up 3.3% in midday trading, and down 4.18% on a year-to-date basis. Within that group, Celanese Corp (Symbol: CE) and DuPont (Symbol: DD) are two large stocks leading the way, showing a gain of 8.0% and 7.4%, respectively.
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4b8abe99-04d6-4e54-84cd-7d2e06453894
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715821.0
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2023-06-02 00:00:00 UTC
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3M strikes tentative pollution settlement of at least $10 bln - Bloomberg News
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DD
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https://www.nasdaq.com/articles/3m-strikes-tentative-pollution-settlement-of-at-least-%2410-bln-bloomberg-news
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nan
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nan
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Adds share movement in paragraph 2, background in paragraph 3 and 5
June 2 (Reuters) - 3M Co MMM.N has struck a tentative settlement of at least $10 billion with a host of U.S. cities and towns to resolve water pollution claims tied to "forever chemicals", Bloomberg News reported on Friday, citing people familiar with the matter.
Shares of the company were up about 8% in afternoon trade.
In December, the U.S. industrial conglomerate set a 2025 deadline to stop producing PFAS, the "forever chemicals" used in anything from cell phones to semiconductors and that have been linked to cancers, heart problems and low birth weights.
3M did not immediately respond to a Reuters request for comment.
Other chemical companies including Chemours Co CC.N, DuPont de Nemours Inc DD.N and Corteva Inc CTVA.N on Friday reached an agreement in principle to settle claims that they contaminated U.S. public water systems with toxic "forever chemicals" for $1.19 billion.
(Reporting by Priyamvada C in Bengaluru; Editing by Devika Syamnath)
((Priyamvada.C@thomsonreuters.comhttps://twitter.com/priyamouli1812?lang=en;))
The views and 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 share movement in paragraph 2, background in paragraph 3 and 5 June 2 (Reuters) - 3M Co MMM.N has struck a tentative settlement of at least $10 billion with a host of U.S. cities and towns to resolve water pollution claims tied to "forever chemicals", Bloomberg News reported on Friday, citing people familiar with the matter. Other chemical companies including Chemours Co CC.N, DuPont de Nemours Inc DD.N and Corteva Inc CTVA.N on Friday reached an agreement in principle to settle claims that they contaminated U.S. public water systems with toxic "forever chemicals" for $1.19 billion. In December, the U.S. industrial conglomerate set a 2025 deadline to stop producing PFAS, the "forever chemicals" used in anything from cell phones to semiconductors and that have been linked to cancers, heart problems and low birth weights.
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Adds share movement in paragraph 2, background in paragraph 3 and 5 June 2 (Reuters) - 3M Co MMM.N has struck a tentative settlement of at least $10 billion with a host of U.S. cities and towns to resolve water pollution claims tied to "forever chemicals", Bloomberg News reported on Friday, citing people familiar with the matter. Other chemical companies including Chemours Co CC.N, DuPont de Nemours Inc DD.N and Corteva Inc CTVA.N on Friday reached an agreement in principle to settle claims that they contaminated U.S. public water systems with toxic "forever chemicals" for $1.19 billion. In December, the U.S. industrial conglomerate set a 2025 deadline to stop producing PFAS, the "forever chemicals" used in anything from cell phones to semiconductors and that have been linked to cancers, heart problems and low birth weights.
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Adds share movement in paragraph 2, background in paragraph 3 and 5 June 2 (Reuters) - 3M Co MMM.N has struck a tentative settlement of at least $10 billion with a host of U.S. cities and towns to resolve water pollution claims tied to "forever chemicals", Bloomberg News reported on Friday, citing people familiar with the matter. Other chemical companies including Chemours Co CC.N, DuPont de Nemours Inc DD.N and Corteva Inc CTVA.N on Friday reached an agreement in principle to settle claims that they contaminated U.S. public water systems with toxic "forever chemicals" for $1.19 billion. (Reporting by Priyamvada C in Bengaluru; Editing by Devika Syamnath) ((Priyamvada.C@thomsonreuters.comhttps://twitter.com/priyamouli1812?lang=en;)) The views and 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 share movement in paragraph 2, background in paragraph 3 and 5 June 2 (Reuters) - 3M Co MMM.N has struck a tentative settlement of at least $10 billion with a host of U.S. cities and towns to resolve water pollution claims tied to "forever chemicals", Bloomberg News reported on Friday, citing people familiar with the matter. Other chemical companies including Chemours Co CC.N, DuPont de Nemours Inc DD.N and Corteva Inc CTVA.N on Friday reached an agreement in principle to settle claims that they contaminated U.S. public water systems with toxic "forever chemicals" for $1.19 billion. Shares of the company were up about 8% in afternoon trade.
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c07d8b1c-a919-4b2d-ad22-a1db544cc13f
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715822.0
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2023-06-01 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-4
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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 Shareholder Yield Investor model based on the published strategy of Meb Faber. This strategy looks for companies returning cash to shareholders via dividends, buybacks and debt paydown.
DUPONT DE NEMOURS INC (DD) is a large-cap growth stock in the Biotechnology & Drugs industry. The rating using this strategy is 95% 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.
UNIVERSE: PASS
NET PAYOUT YIELD: PASS
QUALITY AND DEBT: PASS
VALUATION: PASS
RELATIVE STRENGTH: PASS
SHAREHOLDER YIELD: PASS
Detailed Analysis of DUPONT DE NEMOURS INC
DD Guru Analysis
DD Fundamental Analysis
More Information on Meb Faber
Meb Faber Portfolio
About Meb Faber: Meb Faber is the founder of Cambria Investments. His research has covered a wide spectrum of the investment world, including topics like shareholder yield, trend following, global asset allocation and home country bias. His shareholder yield strategy, which is based on his book "Shareholder Yield" and forms the basis for an ETF of the same name, looks for companies that are focused on creating value for shareholders by returning cash to them in the form of dividends, share buybacks and debt paydown. Meb is also the author of 4 other books and numerous white papers on investing related topics.
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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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DUPONT DE NEMOURS INC (DD) is a large-cap growth stock in the Biotechnology & Drugs industry. 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 Shareholder Yield Investor model based on the published strategy of Meb Faber.
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Of the 22 guru strategies we follow, DD rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber. Detailed Analysis of DUPONT DE NEMOURS INC DD Guru Analysis DD Fundamental Analysis More Information on Meb Faber Meb Faber Portfolio About Meb Faber: Meb Faber is the founder of Cambria Investments. Additional Research Links Top NASDAQ 100 Stocks Factor-Based Stock Portfolios Factor-Based ETF Portfolios Harry Browne Permanent Portfolio Ray Dalio All Weather Portfolio About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends.
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Detailed Analysis of DUPONT DE NEMOURS INC DD Guru Analysis DD Fundamental Analysis More Information on Meb Faber Meb Faber Portfolio About Meb Faber: Meb Faber is the founder of Cambria Investments. Additional Research Links Top NASDAQ 100 Stocks Factor-Based Stock Portfolios Factor-Based ETF Portfolios Harry Browne Permanent Portfolio Ray Dalio All Weather Portfolio About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Below is Validea's guru fundamental report for DUPONT DE NEMOURS INC (DD).
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Below is Validea's guru fundamental report for DUPONT DE NEMOURS INC (DD). Detailed Analysis of DUPONT DE NEMOURS INC DD Guru Analysis DD Fundamental Analysis More Information on Meb Faber Meb Faber Portfolio About Meb Faber: Meb Faber is the founder of Cambria Investments. Of the 22 guru strategies we follow, DD rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber.
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c884865d-235d-49a0-881d-6eb68216957d
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715823.0
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2023-06-01 00:00:00 UTC
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Why Is DuPont de Nemours (DD) Up 4.3% Since Last Earnings Report?
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DD
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https://www.nasdaq.com/articles/why-is-dupont-de-nemours-dd-up-4.3-since-last-earnings-report
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nan
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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 added about 4.3% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is DuPont de Nemours due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.
DuPont's Earnings and Revenues Top Estimates in Q1
DuPont logged earnings (on a reported basis) from continuing operations of 58 cents per share for first-quarter 2023, up from 42 cents per share in the year-ago quarter.
Barring one-time items, earnings came in at 84 cents per share for the reported quarter, topping the Zacks Consensus Estimate of 81 cents.
DuPont raked in net sales of $3,108 million, down 8% from the year-ago quarter. It surpassed the Zacks Consensus Estimate of $2,938.1. The company saw a 3% decline in organic sales in the quarter, hurt by 7% lower volumes that more than offset 4% higher pricing.
The company saw lower sales in Semiconductor Technologies and Interconnect Solutions in the reported quarter. However, Industrial Solutions and the Water & Protection segment recorded growth in organic sales. DuPont also witnessed continued strong demand in its automotive adhesives portfolio. It faced challenges in the electronics and construction-related end markets in the quarter.
Segment Highlights
The company’s Electronics & Industrial segment recorded net sales of $1,296 million in the reported quarter, down 16% on a year-over-year comparison basis. Organic sales fell 13% as higher prices were more than offset by reduced volumes. Semiconductor Technologies organic sales fell on lower volumes driven by lower semiconductor fab utilization rates. Industrial Solutions registered higher sales while organic sales declined in Interconnect Solutions on lower volumes due to reduced consumer electronics spending and destocking.
Net sales in the Water & Protection unit were $1,449 million, up 1% year over year. Organic sales rose 4% on pricing gains.
Financials
DuPont had cash and cash equivalents of $3,525 million at the end of the quarter, up around 111% year over year. Long-term debt was $7,807 million, down around 27% year over year.
The company also generated operating cash flow of $343 million during the quarter.
Outlook
The company now sees net sales for 2023 to be $12,300-$12,500 million. Adjusted earnings per share for 2023 is forecast to be $3.55-$3.70.
For second-quarter 2023, the company sees net sales of roughly $3,020 million. Adjusted earnings per share for the quarter is projected at roughly 84 cents.
DuPont also envisions sustained strength in water, automotive, aerospace and healthcare in the remainder of 2023. The company, however, sees weakness in electronics and channel inventory destocking in the near term.
How Have Estimates Been Moving Since Then?
In the past month, investors have witnessed a downward trend in estimates review.
VGM Scores
At this time, 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 top 40% 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.
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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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A month has gone by since the last earnings report for DuPont de Nemours (DD). Shares have added about 4.3% in that time frame, outperforming the S&P 500. 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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Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report To read this article on Zacks.com click here. A month has gone by since the last earnings report for DuPont de Nemours (DD). Shares have added about 4.3% in that time frame, outperforming the S&P 500.
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A month has gone by since the last earnings report for DuPont de Nemours (DD). Shares have added about 4.3% in that time frame, outperforming the S&P 500. 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). Shares have added about 4.3% in that time frame, outperforming the S&P 500. 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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0dfc610b-90a1-4071-8e2f-c3edbb18e463
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715824.0
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2023-06-01 00:00:00 UTC
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DuPont (DD) Launches New Advancement in Plating Chemistry
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DD
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https://www.nasdaq.com/articles/dupont-dd-launches-new-advancement-in-plating-chemistry
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nan
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DuPont de Nemours, Inc. DD recently launched SOLDERON BP TS 7000, the latest innovation in tin-silver plating chemistry, at the IEEE Electronic Components and Technology Conference (ECTC), in Orlando, FL.
The industrial drive toward smaller, more powerful semiconductor chips is boosting innovative advances in packaging applications such as 2.5D and 3D chip packages. To obtain tighter interconnections and higher circuit density for microbump applications, regulated plating homogeneity, smoother surface morphology and void-free interfaces must be achieved during the solder-plating process.
The SOLDERON BP TS 7000 Tin-Silver Plating Chemistry is a high-performance tin-silver solder tailored for today's microbump solder-plating applications. This new lead-free plating bath improves bump coplanarity by more than 20% while delivering tighter silver percentage control and reliable joints for microbump and C4 (controlled-collapse chip connection) applications, drawing on DuPont's extensive experience in electroplating chemistries for wafer-bumping applications. This product's outstanding bump coplanarity in challenging mixed critical dimension features inside the same die, which directly impacts the assembly procedure and reliability, is another important technological characteristic.
DuPont has been working with cutting-edge semiconductor producers to grow its skills and portfolio in order to keep up with the constantly shifting needs of this crucial process. The company states that the SOLDERON BP TS 7000 will establish a new standard for tin/silver solder-plating applications owing to its exceptional plating performance and efficiency.
Shares of DuPont have lost 0.4% over the past year compared with an 11.5% decline of its industry.
Image Source: Zacks Investment Research
The company, on its first-quarter call, said that it now sees net sales for 2023 to be $12,300-$12,500 million. Adjusted earnings per share for 2023 are forecast to be $3.55-$3.70.
For second-quarter 2023, the company sees net sales of roughly $3,020 million. Adjusted earnings per share for the quarter is projected at roughly 84 cents.
DuPont also envisions sustained strength in water, automotive, aerospace and healthcare for the remainder of 2023. The company, however, sees weakness in electronics and channel inventory destocking in the near term.
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 to consider in the basic materials space include Koppers Holdings Inc. KOP, AngloGold Ashanti Limited AU and Linde plc LIN. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Koppers currently carries a Zacks Rank #2 (Buy). The Zacks Consensus Estimate for current-year earnings for KOP is currently pegged at $4.40, implying year-over-year growth of 6.3%. It has a trailing four-quarter earnings surprise of roughly 13.64%, on average. KOP has gained around 5.3% in a year.
AngloGold Ashanti currently carries a Zacks Rank #2. The Zacks Consensus Estimate for AU’s current-year earnings has been revised 22% upward in the past 60 days. The consensus estimate for current-year earnings for AU is currently pegged at $1.94, suggesting year-over-year growth of 50.4%. AngloGold Ashanti’s shares have surged roughly 39.9% in the past year.
Linde currently carries a Zacks Rank #2. The Zacks Consensus Estimate for LIN’s current-year earnings has been revised 3.8% upward in the past 60 days. Linde beat the Zacks Consensus Estimate in each of the last four quarters. It delivered a trailing four-quarter earnings surprise of 6.9% on average. LIN’s shares have gained roughly 10.6% in the past year.
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
AngloGold Ashanti Limited (AU) : Free Stock Analysis Report
Koppers Holdings Inc. (KOP) : 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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DuPont de Nemours, Inc. DD recently launched SOLDERON BP TS 7000, the latest innovation in tin-silver plating chemistry, at the IEEE Electronic Components and Technology Conference (ECTC), in Orlando, FL. Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report AngloGold Ashanti Limited (AU) : Free Stock Analysis Report Koppers Holdings Inc. (KOP) : Free Stock Analysis Report Linde PLC (LIN) : Free Stock Analysis Report To read this article on Zacks.com click here. To obtain tighter interconnections and higher circuit density for microbump applications, regulated plating homogeneity, smoother surface morphology and void-free interfaces must be achieved during the solder-plating process.
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DuPont de Nemours, Inc. DD recently launched SOLDERON BP TS 7000, the latest innovation in tin-silver plating chemistry, at the IEEE Electronic Components and Technology Conference (ECTC), in Orlando, FL. Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report AngloGold Ashanti Limited (AU) : Free Stock Analysis Report Koppers Holdings Inc. (KOP) : Free Stock Analysis Report Linde PLC (LIN) : Free Stock Analysis Report To read this article on Zacks.com click here. 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).
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Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report AngloGold Ashanti Limited (AU) : Free Stock Analysis Report Koppers Holdings Inc. (KOP) : 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 recently launched SOLDERON BP TS 7000, the latest innovation in tin-silver plating chemistry, at the IEEE Electronic Components and Technology Conference (ECTC), in Orlando, FL. 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).
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DuPont de Nemours, Inc. DD recently launched SOLDERON BP TS 7000, the latest innovation in tin-silver plating chemistry, at the IEEE Electronic Components and Technology Conference (ECTC), in Orlando, FL. Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report AngloGold Ashanti Limited (AU) : Free Stock Analysis Report Koppers Holdings Inc. (KOP) : Free Stock Analysis Report Linde PLC (LIN) : Free Stock Analysis Report To read this article on Zacks.com click here. This new lead-free plating bath improves bump coplanarity by more than 20% while delivering tighter silver percentage control and reliable joints for microbump and C4 (controlled-collapse chip connection) applications, drawing on DuPont's extensive experience in electroplating chemistries for wafer-bumping applications.
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101511f9-3746-4314-81c3-9c2606dadc1c
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715825.0
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2023-05-26 00:00:00 UTC
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Pricing Actions Aid International Flavors (IFF) Amid Low Volumes
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DD
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https://www.nasdaq.com/articles/pricing-actions-aid-international-flavors-iff-amid-low-volumes
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nan
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International Flavors & Fragrances IFF will benefit from pricing actions, productivity initiatives and acquisition-related synergies. The company has been witnessing weak volumes lately mainly due to low consumer spending owing to persisting inflationary pressures.
Demand for consumer products will pick up steam as the situation normalizes which in turn will boost International Flavors’ revenues. IFF continues to make organic investments and strategic acquisitions while returning significant capital to its shareholders.
Q2 Volumes to Remain Weak, to Pickup Thereafter
International Flavors reported net sales of $3,027 million in the first quarter of 2023, which declined 6% year over year mainly due to lower volumes across most segments. Consumer spending has been weak due to the overall inflationary scenario which in turn has weighed on demand for International Flavor’s ingredients and solutions. The company anticipates volumes to remain impacted in the second quarter of 2023 and pick up in the second half of 2023.
International Flavors thus estimates sales of $12.3 billion for 2023, down from the prior-stated view of $12.5 billion. The updated guidance reflects the energy and raw material pass-through price adjustments and impacts of foreign exchange. Comparable currency-neutral sales growth for 2023 is expected to be approximately 5%. Adjusted operating EBITDA is estimated at approximately $2.34 billion for the year. Foreign currency translation will likely affect sales growth by 1% and adjusted operating EBITDA growth by 3%. On a comparable basis, adjusted operating EBITDA was roughly $2.37 billion in fiscal 2022.
Demand in Emerging Markets to Aid Growth
Despite the current weakness, demand for consumer products containing flavors and fragrances will eventually pick up as inflationary pressures abate. Also, demand in emerging markets has been strong for these products and has been identified as a key growth driver for the company.
Consequently, International Flavors is focused on gaining shares in emerging markets. Backed by its global presence, diversified business platform, broad product portfolio and global and regional customer base, the company will be able to capitalize on the expansion in flavors and fragrances markets and deliver long-term growth.
Acquisitions to Boost Offerings
Over time, International Flavors has made meaningful acquisitions, which helped expand its offerings and in turn, boosted profitability. The acquisition of Frutarom in 2018 was the biggest in its history, which made it a global leader in natural taste, scent and nutrition, with a broader customer base, more diversified product offerings and exposure to end markets, including those with a focus on naturals, and health and wellness.
International Flavors merged with DuPont de Nemours, Inc.’s DD Nutrition & Biosciences (N&B) business. IFF now holds leading positions in the core categories of nutrition, cultures, enzymes, probiotics, soy proteins, flavors and fragrances. The company has a three-year run-rate cost synergy target of around $300 million originating from the merger with DD’s unit.
In 2022, IFF acquired Health Wright Products, a leader in formulation and capsule manufacturing for the dietary supplement industry. The buyout will bring formulation and finished format capabilities to IFF’s Health & Biosciences probiotics, natural extracts and botanicals businesses, allowing innovation in custom formulation and combination products through joint capabilities.
New Strategic Plan Initiated to Aid Growth
In December 2022, International Flavors provided details of its new strategic plan that entails enhanced cost & productivity initiatives, operating model overhaul and portfolio optimization, to name a few. It intends to transform its operating model into a more customer-centric and market-backed one. To this end, it will conduct business in three core end markets which are Food and Beverage, Home and Personal Care and Health.
The company has identified certain businesses, which it intends to either exit or improve their results. In sync with this, International Flavors has entered into an agreement to divest the Savory Solutions Group and the Flavor Specialty Ingredients business, which is expected to close in the third quarter. The proceeds from these deals will be utilized to lower debt levels
To drive growth, IFF plans to step up its investment in high-return businesses such as Cosmetic Ingredients, Fine Fragrance, Flavors, Cultures & Food Enzymes, Health, Food Design (excluding the Savory Solutions unit that is being divested), Fragrance Ingredients and Consumer Fragrance. It also stated that it aims to continue optimizing its portfolio to improve its capital structure.
In 2022, International Flavors implemented several productivity and cost reduction efforts and has further set a target to realize net annual savings of approximately $350 million to $400 million between 2023 and 2025. The company is targeting sales growth of 4% to 6% and adjusted operating EBITDA growth of 8% to 10% on a comparable currency-neutral basis over 2024, 2025 and 2026.
Price Performance
In the past year, International Flavors’ shares have fallen 41.1%, compared with the industry’s decline of 24.5%.
Image Source: Zacks Investment Research
Zacks Rank & Key Picks
International Flavors currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the Consumer Staples sector are Conagra Brands CAG and General Mills GIS.
Conagra Brands, which operates as a consumer-packaged goods food company, currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
CAG has a trailing four-quarter earnings surprise of 13.2%, on average. The Zacks Consensus Estimate for Conagra Brands’ current fiscal-year sales and earnings suggests increases of 7.1% and 17%, respectively, from the year-ago reported numbers.
General Mills, a food and beverage product company, currently carries a Zacks Rank #2 (Buy). GIS has a trailing four-quarter earnings surprise of 8.1%, on average.
The Zacks Consensus Estimate for General Mills’ current fiscal-year sales and earnings suggests year-over-year growth of 6.3% and 7.4%, respectively.
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
General Mills, Inc. (GIS) : Free Stock Analysis Report
DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report
International Flavors & Fragrances Inc. (IFF) : Free Stock Analysis Report
Conagra Brands (CAG) : 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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International Flavors merged with DuPont de Nemours, Inc.’s DD Nutrition & Biosciences (N&B) business. The company has a three-year run-rate cost synergy target of around $300 million originating from the merger with DD’s unit. Click to get this free report General Mills, Inc. (GIS) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report International Flavors & Fragrances Inc. (IFF) : Free Stock Analysis Report Conagra Brands (CAG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report General Mills, Inc. (GIS) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report International Flavors & Fragrances Inc. (IFF) : Free Stock Analysis Report Conagra Brands (CAG) : Free Stock Analysis Report To read this article on Zacks.com click here. International Flavors merged with DuPont de Nemours, Inc.’s DD Nutrition & Biosciences (N&B) business. The company has a three-year run-rate cost synergy target of around $300 million originating from the merger with DD’s unit.
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Click to get this free report General Mills, Inc. (GIS) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report International Flavors & Fragrances Inc. (IFF) : Free Stock Analysis Report Conagra Brands (CAG) : Free Stock Analysis Report To read this article on Zacks.com click here. International Flavors merged with DuPont de Nemours, Inc.’s DD Nutrition & Biosciences (N&B) business. The company has a three-year run-rate cost synergy target of around $300 million originating from the merger with DD’s unit.
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International Flavors merged with DuPont de Nemours, Inc.’s DD Nutrition & Biosciences (N&B) business. The company has a three-year run-rate cost synergy target of around $300 million originating from the merger with DD’s unit. Click to get this free report General Mills, Inc. (GIS) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report International Flavors & Fragrances Inc. (IFF) : Free Stock Analysis Report Conagra Brands (CAG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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154b181e-1f97-49dd-addc-7bb81381c7d0
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715826.0
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2023-05-26 00:00:00 UTC
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Ex-Dividend Reminder: Dow, Barrick Gold and DuPont
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https://www.nasdaq.com/articles/ex-dividend-reminder%3A-dow-barrick-gold-and-dupont
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Looking at the universe of stocks we cover at Dividend Channel, on 5/30/23, Dow Inc (Symbol: DOW), Barrick Gold Corp. (Symbol: GOLD), and DuPont (Symbol: DD) will all trade ex-dividend for their respective upcoming dividends. Dow Inc will pay its quarterly dividend of $0.70 on 6/9/23, Barrick Gold Corp. will pay its quarterly dividend of $0.10 on 6/15/23, and DuPont will pay its quarterly dividend of $0.36 on 6/15/23. As a percentage of DOW's recent stock price of $50.58, this dividend works out to approximately 1.38%, so look for shares of Dow Inc to trade 1.38% lower — all else being equal — when DOW shares open for trading on 5/30/23. Similarly, investors should look for GOLD to open 0.58% lower in price and for DD to open 0.54% lower, all else being equal.
Below are dividend history charts for DOW, GOLD, and DD, showing historical dividends prior to the most recent ones declared.
Dow Inc (Symbol: DOW):
Barrick Gold Corp. (Symbol: GOLD):
DuPont (Symbol: DD):
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 5.54% for Dow Inc, 2.32% for Barrick Gold Corp., and 2.16% for DuPont.
In Friday trading, Dow Inc shares are currently up about 0.4%, Barrick Gold Corp. shares are up about 0.9%, and DuPont shares are up about 0.2% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
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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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Looking at the universe of stocks we cover at Dividend Channel, on 5/30/23, Dow Inc (Symbol: DOW), Barrick Gold Corp. (Symbol: GOLD), and DuPont (Symbol: DD) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for GOLD to open 0.58% lower in price and for DD to open 0.54% lower, all else being equal. Below are dividend history charts for DOW, GOLD, and DD, 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 5/30/23, Dow Inc (Symbol: DOW), Barrick Gold Corp. (Symbol: GOLD), and DuPont (Symbol: DD) will all trade ex-dividend for their respective upcoming dividends. Dow Inc (Symbol: DOW): Barrick Gold Corp. (Symbol: GOLD): DuPont (Symbol: DD): In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for GOLD to open 0.58% lower in price and for DD to open 0.54% lower, all else being equal.
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Looking at the universe of stocks we cover at Dividend Channel, on 5/30/23, Dow Inc (Symbol: DOW), Barrick Gold Corp. (Symbol: GOLD), and DuPont (Symbol: DD) will all trade ex-dividend for their respective upcoming dividends. Dow Inc (Symbol: DOW): Barrick Gold Corp. (Symbol: GOLD): DuPont (Symbol: DD): In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for GOLD to open 0.58% lower in price and for DD to open 0.54% lower, all else being equal.
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Looking at the universe of stocks we cover at Dividend Channel, on 5/30/23, Dow Inc (Symbol: DOW), Barrick Gold Corp. (Symbol: GOLD), and DuPont (Symbol: DD) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for GOLD to open 0.58% lower in price and for DD to open 0.54% lower, all else being equal. Below are dividend history charts for DOW, GOLD, and DD, showing historical dividends prior to the most recent ones declared.
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0fc48102-37eb-4070-8baa-f13eabff983c
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715827.0
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2023-05-26 00:00:00 UTC
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Noteworthy Friday Option Activity: DD, DOW, HIBB
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DD
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https://www.nasdaq.com/articles/noteworthy-friday-option-activity%3A-dd-dow-hibb
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nan
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nan
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in DuPont (Symbol: DD), where a total volume of 20,388 contracts has been traded thus far today, a contract volume which is representative of approximately 2.0 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 63.8% of DD's average daily trading volume over the past month, of 3.2 million shares. Particularly high volume was seen for the $68 strike call option expiring June 02, 2023, with 3,035 contracts trading so far today, representing approximately 303,500 underlying shares of DD. Below is a chart showing DD's trailing twelve month trading history, with the $68 strike highlighted in orange:
Dow Inc (Symbol: DOW) options are showing a volume of 25,453 contracts thus far today. That number of contracts represents approximately 2.5 million underlying shares, working out to a sizeable 63.2% of DOW's average daily trading volume over the past month, of 4.0 million shares. Particularly high volume was seen for the $45 strike call option expiring June 16, 2023, with 7,800 contracts trading so far today, representing approximately 780,000 underlying shares of DOW. Below is a chart showing DOW's trailing twelve month trading history, with the $45 strike highlighted in orange:
And Hibbett Inc (Symbol: HIBB) options are showing a volume of 1,572 contracts thus far today. That number of contracts represents approximately 157,200 underlying shares, working out to a sizeable 62% of HIBB's average daily trading volume over the past month, of 253,725 shares. Particularly high volume was seen for the $30 strike put option expiring July 21, 2023, with 1,000 contracts trading so far today, representing approximately 100,000 underlying shares of HIBB. Below is a chart showing HIBB's trailing twelve month trading history, with the $30 strike highlighted in orange:
For the various different available expirations for DD options, DOW options, or HIBB options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
The Ten Biggest ETFs
QDEL shares outstanding history
Top Ten Hedge Funds Holding UVXY
The views and 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 $68 strike call option expiring June 02, 2023, with 3,035 contracts trading so far today, representing approximately 303,500 underlying shares of DD. Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in DuPont (Symbol: DD), where a total volume of 20,388 contracts has been traded thus far today, a contract volume which is representative of approximately 2.0 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 63.8% of DD's average daily trading volume over the past month, of 3.2 million shares.
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Below is a chart showing DD's trailing twelve month trading history, with the $68 strike highlighted in orange: Dow Inc (Symbol: DOW) options are showing a volume of 25,453 contracts thus far today. Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in DuPont (Symbol: DD), where a total volume of 20,388 contracts has been traded thus far today, a contract volume which is representative of approximately 2.0 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 63.8% of DD's average daily trading volume over the past month, of 3.2 million shares.
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in DuPont (Symbol: DD), where a total volume of 20,388 contracts has been traded thus far today, a contract volume which is representative of approximately 2.0 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 $68 strike highlighted in orange: Dow Inc (Symbol: DOW) options are showing a volume of 25,453 contracts thus far today. That number works out to 63.8% of DD's average daily trading volume over the past month, of 3.2 million shares.
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Below is a chart showing HIBB's trailing twelve month trading history, with the $30 strike highlighted in orange: For the various different available expirations for DD options, DOW options, or HIBB options, visit StockOptionsChannel.com. Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in DuPont (Symbol: DD), where a total volume of 20,388 contracts has been traded thus far today, a contract volume which is representative of approximately 2.0 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 63.8% of DD's average daily trading volume over the past month, of 3.2 million shares.
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d9b03194-ba33-485f-b581-ca5eb5e3368e
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715828.0
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2023-05-25 00:00:00 UTC
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DD July 7th Options Begin Trading
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DD
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https://www.nasdaq.com/articles/dd-july-7th-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 begin trading today, for the July 7th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new July 7th contracts and identified one put and one call contract of particular interest.
The put contract at the $66.00 strike price has a current bid of $1.90. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $66.00, but will also collect the premium, putting the cost basis of the shares at $64.10 (before broker commissions). To an investor already interested in purchasing shares of DD, that could represent an attractive alternative to paying $66.36/share today.
Because the $66.00 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 2.88% return on the cash commitment, or 24.44% 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 $66.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $67.00 strike price has a current bid of $1.80. If an investor was to purchase shares of DD stock at the current price level of $66.36/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $67.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 3.68% if the stock gets called away at the July 7th 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 $67.00 strike highlighted in red:
Considering the fact that the $67.00 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 2.71% boost of extra return to the investor, or 23.02% 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 $66.36) to be 30%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
Also see:
IZEA Options Chain
Top Ten Hedge Funds Holding CHTR
SAIL 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 $67.00 strike highlighted in red: Considering the fact that the $67.00 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 $67.00 strike highlighted in red: Considering the fact that the $67.00 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 July 7th 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 $67.00 strike highlighted in red: Considering the fact that the $67.00 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 July 7th 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 $67.00 strike highlighted in red: Considering the fact that the $67.00 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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b1670798-146b-42a6-b7f3-9d69085213bf
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715829.0
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2023-05-25 00:00:00 UTC
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DuPont (DD) to Unveil Tedler Frontsheet at SNEC PV Power Expo
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DD
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https://www.nasdaq.com/articles/dupont-dd-to-unveil-tedler-frontsheet-at-snec-pv-power-expo
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nan
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nan
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DuPont de Nemours DD recently declared that it will launch its latest Tedlar frontsheet materials to potential partners and end users in the photovoltaic industry at the 2023 SNEC International Photovoltaic Power Generation and Smart Energy Exhibition.
Replacing glass frontsheets while preserving mechanical stability and weatherability is a key problem for lightweight PV modules. Tedlar frontsheet provides a one-of-a-kind combination of durability, UV resistance, high light transmittance, long-lasting UV protection, mechanical toughness, abrasion resistance, chemical resistance and strong adhesion to encapsulant. This innovative approach, according to the company, can offer the frontsheet of solar modules.
DuPont will additionally showcase battery pack thermal management solutions in energy storage applications during the exhibition. Experts from DuPont will share their findings at technical forums to discuss Tedlar frontsheet film for lightweight, flexible PV modules and the reliable performance of Tedlar products at the SNEC Expo.
Shares of DuPont have lost 1.6% over the past year compared with 9.4% decline of its industry.
Image Source: Zacks Investment Research
The company, earlier this month, said that it now sees net sales for 2023 to be $12,300-$12,500 million. Adjusted earnings per share for 2023 are forecast to be $3.55-$3.70.
For second-quarter 2023, the company expects net sales of roughly $3,020 million. Adjusted earnings per share for the quarter are projected at roughly 84 cents.
DuPont also envisions sustained strength in water, automotive, aerospace and healthcare for the remainder of 2023. The company, however, sees weakness in electronics and channel inventory destocking in the near term.
The company also agreed to buy a leading manufacturer of specialty medical devices and components, Spectrum Plastics Group, from AEA Investors for $1.75 billion. The transaction, which is subject to regulatory approvals and other customary closing conditions, is expected to complete by third-quarter 2023. The acquisition strengthens DuPont’s existing position in stable and fast-growing healthcare end markets.
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 to consider in the basic materials space include Alamos Gold Inc. AGI Koppers Holdings Inc. KOP, and Linde plc LIN. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Alamos currently carries a Zacks Rank #2 (Buy). The Zacks Consensus Estimate for current-year earnings for AGI is currently pegged at 46 cents, implying year-over-year growth of 64.3%. Alamos beat Zacks Consensus Estimate in each of the last four quarters. It has a trailing four-quarter earnings surprise of roughly 16.7%, on average. AGI has gained around 63.8% in a year.
Koppers currently carries a Zacks Rank #2. The Zacks Consensus Estimate for current-year earnings for KOP is currently pegged at $4.40, suggesting year-over-year growth of 6.3%. It has a trailing four-quarter earnings surprise of roughly 13.64%, on average. KOP has gained around 23.1% in a year.
Linde currently carries a Zacks Rank #2. The Zacks Consensus Estimate for LIN’s current-year earnings has been revised 3.8% upward in the past 60 days. Linde’s earnings beat the Zacks Consensus Estimate in each of the last four quarters. It delivered a trailing four-quarter earnings surprise of 6.9% on average. LIN’s shares have gained roughly 12.4% in the past year.
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DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report
Koppers Holdings Inc. (KOP) : Free Stock Analysis Report
Linde PLC (LIN) : Free Stock Analysis Report
Alamos Gold Inc. (AGI) : 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 recently declared that it will launch its latest Tedlar frontsheet materials to potential partners and end users in the photovoltaic industry at the 2023 SNEC International Photovoltaic Power Generation and Smart Energy Exhibition. DuPont will additionally showcase battery pack thermal management solutions in energy storage applications during the exhibition. Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Koppers Holdings Inc. (KOP) : Free Stock Analysis Report Linde PLC (LIN) : Free Stock Analysis Report Alamos Gold Inc. (AGI) : 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 Koppers Holdings Inc. (KOP) : Free Stock Analysis Report Linde PLC (LIN) : Free Stock Analysis Report Alamos Gold Inc. (AGI) : Free Stock Analysis Report To read this article on Zacks.com click here. DuPont de Nemours DD recently declared that it will launch its latest Tedlar frontsheet materials to potential partners and end users in the photovoltaic industry at the 2023 SNEC International Photovoltaic Power Generation and Smart Energy Exhibition. DuPont will additionally showcase battery pack thermal management solutions in energy storage applications during the exhibition.
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Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Koppers Holdings Inc. (KOP) : Free Stock Analysis Report Linde PLC (LIN) : Free Stock Analysis Report Alamos Gold Inc. (AGI) : Free Stock Analysis Report To read this article on Zacks.com click here. DuPont de Nemours DD recently declared that it will launch its latest Tedlar frontsheet materials to potential partners and end users in the photovoltaic industry at the 2023 SNEC International Photovoltaic Power Generation and Smart Energy Exhibition. DuPont will additionally showcase battery pack thermal management solutions in energy storage applications during the exhibition.
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DuPont de Nemours DD recently declared that it will launch its latest Tedlar frontsheet materials to potential partners and end users in the photovoltaic industry at the 2023 SNEC International Photovoltaic Power Generation and Smart Energy Exhibition. DuPont will additionally showcase battery pack thermal management solutions in energy storage applications during the exhibition. Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Koppers Holdings Inc. (KOP) : Free Stock Analysis Report Linde PLC (LIN) : Free Stock Analysis Report Alamos Gold Inc. (AGI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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feadc879-62ca-4404-9085-b2b71991fe40
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715830.0
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2023-05-24 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-0
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nan
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nan
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DuPont de Nemours, Inc. DD is benefiting from healthy demand in a number of markets, productivity and pricing actions and innovation-driven investment amid headwinds from slowdown across certain markets and higher raw material and energy costs.
The company’s shares are up 3% over a year, compared with the 7.1% decline 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 and Innovation 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. It remains committed to drive returns from its R&D investment. It is also benefiting from cost synergy savings and productivity improvement actions. Its structural cost actions are contributing to its bottom line.
The company, earlier this month, also agreed to buy leading manufacturer of specialty medical devices and components, Spectrum Plastics Group from AEA Investors for $1.75 billion. The transaction is expected to complete by the end of third-quarter 2023. 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.
DuPont 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.
Moreover, DuPont is gaining from healthy underlying demand in several end-markets, including water and general industrial. Its industrial solutions business and the Water & Protection segment recorded growth in organic sales in the first quarter. DuPont also witnessed continued strong demand in its automotive adhesives portfolio in the quarter. It envisions sustained strength in water, automotive, aerospace and healthcare in the remainder of 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. DuPont completed the divestment of the majority of its Mobility & Materials unit to Celanese on Nov 1, 2022 as part of its ongoing transformation. The company received $11 billion in gross cash from the transaction. The move is expected to boost its underlying performance, strengthen its balance sheet, maximize shareholders’ return and provide opportunities to grow business through targeted mergers and acquisitions.
Weakness in Electronics & Semiconductor Ails
DuPont faces challenges from the slowdown in the consumer electronics and semiconductor markets. The company saw lower sales in semiconductor technologies and challenges in the electronics and construction-related end markets in the first quarter. It witnessed lower volumes in consumer electronics and semiconductors in the quarter. Reduced consumer electronics spending and inventory destocking are impacting volumes. Lower semiconductor fab utilization rates are also hurting sales in the semiconductor technologies business. DD sees weakness in electronics and channel inventory destocking in the near term. This may impact its performance in the second quarter.
The company is also exposed to headwinds from higher raw material and logistics costs. Supply constraints for major raw materials are expected to continue over the near term. Higher energy costs driven by the Russia-Ukraine conflict are also expected to impact its results.
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 considering in the basic materials space include AngloGold Ashanti Limited AU, L.B. Foster Company FSTR and Linde plc LIN.
AngloGold Ashanti currently carries a Zacks Rank #1 (Strong Buy). The Zacks Consensus Estimate for AU’s current-year earnings has been revised 22% upward in the past 60 days. You can see the complete list of today’s Zacks #1 Rank stocks here.
The consensus estimate for current-year earnings for AU is currently pegged at $1.94, reflecting an expected year-over-year growth of 50.4%. AngloGold Ashanti’s shares have popped roughly 36% in the past year.
L.B. Foster currently carries a Zacks Rank #1. The Zacks Consensus Estimate for FSTR's current-year earnings has been stable over the past 60 days.
L.B. Foster’s earnings beat the Zacks Consensus Estimate in each of the last four quarters. It has a trailing four-quarter earnings surprise of roughly 140.5%, on average. FSTR has gained around 5% in a year.
Linde currently carries a Zacks Rank #2. The Zacks Consensus Estimate for LIN’s current-year earnings has been revised 3.8% upward in the past 60 days.
Linde beat Zacks Consensus Estimate in each of the last four quarters. It delivered a trailing four-quarter earnings surprise of 6.9% on average. LIN’s shares have gained roughly 12% in the past year.
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DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report
AngloGold Ashanti Limited (AU) : Free Stock Analysis Report
L.B. Foster Company (FSTR) : 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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DuPont de Nemours, Inc. DD is benefiting from healthy demand in a number of markets, productivity and pricing actions and innovation-driven investment amid headwinds from slowdown across certain markets and higher raw material and energy costs. DD sees weakness in electronics and channel inventory destocking in the near term. Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report AngloGold Ashanti Limited (AU) : Free Stock Analysis Report L.B.
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Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report AngloGold Ashanti Limited (AU) : Free Stock Analysis Report L.B. DuPont de Nemours, Inc. DD is benefiting from healthy demand in a number of markets, productivity and pricing actions and innovation-driven investment amid headwinds from slowdown across certain markets and higher raw material and energy costs. DD sees weakness in electronics and channel inventory destocking in the near term.
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DuPont de Nemours, Inc. DD is benefiting from healthy demand in a number of markets, productivity and pricing actions and innovation-driven investment amid headwinds from slowdown across certain markets and higher raw material and energy costs. Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report AngloGold Ashanti Limited (AU) : Free Stock Analysis Report L.B. DD sees weakness in electronics and channel inventory destocking in the near term.
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DuPont de Nemours, Inc. DD is benefiting from healthy demand in a number of markets, productivity and pricing actions and innovation-driven investment amid headwinds from slowdown across certain markets and higher raw material and energy costs. DD sees weakness in electronics and channel inventory destocking in the near term. Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report AngloGold Ashanti Limited (AU) : Free Stock Analysis Report L.B.
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d977ca3d-7716-4f21-a264-74ec09aee944
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715831.0
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2023-05-18 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-3
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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
Factor-Based Stock Portfolios
Factor-Based ETF Portfolios
Harry Browne Permanent Portfolio
Ray Dalio All Weather Portfolio
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 Factor-Based Stock Portfolios Factor-Based ETF Portfolios Harry Browne Permanent Portfolio Ray Dalio All Weather Portfolio 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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64d7834d-9866-426c-a66b-c0165ceb2751
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715832.0
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2023-05-15 00:00:00 UTC
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Fire protection company Kidde-Fenwal files for bankruptcy citing PFAS lawsuits
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DD
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https://www.nasdaq.com/articles/fire-protection-company-kidde-fenwal-files-for-bankruptcy-citing-pfas-lawsuits
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nan
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nan
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By Dietrich Knauth
May 15 (Reuters) - Kidde-Fenwal Inc, a subsidiary of Carrier Global Corp CARR.N that specializes in fire control systems, filed for bankruptcy on Sunday, as it buckles under the weight of lawsuits alleging that "forever chemicals" in its firefighting foam products have contaminated water sources around U.S. airports and military bases.
Since 2016, Kidde-Fenwal has been named as a defendant in more than 4,400 lawsuits filed by local governments, companies and individuals, claiming that aqueous film forming foam (AFFF) products contaminated drinking water and soil with perfluoroalkyl and polyfluoroalkyl substances, known as PFAS or "forever chemicals." Kidde-Fenwal sold AFFF foam products from 2007 to 2013, according to court documents.
Kidde-Fenwal is one of several defendants, along with 3M Co MMM.N and DuPont de Nemours Inc DD.N, to face a bellwether trial in June in South Carolina federal court, where AFFF litigation has been consolidated.
The litigation has cost Kidde-Fenwal $6 million in 2023 alone. Kidde-Fenwal has $318 million in assets, and had $200 million in sale revenue for 2022, according to its court filings.
AFFF was jointly developed by 3M and the U.S. military in the 1970s, and has primarily been used to quickly extinguish burning fuel fires at military bases and airports, according to court documents.
Kidde-Fenwal does not make AFFF products, but it previously sold AFFF products through a subsidiary called National Foam. Kidde-Fenwal sold National Foam in 2013 for $77 million to a company that became known as New National Foam, according to court documents.
Carrier Global said Monday that it would support Kidde-Fenwal's efforts to find a buyer in bankruptcy, and that all proceeds from the sale would be available to pay AFFF liabilities and other claims. Carrier said there was "no assurance" that it would receive any recovery from a bankruptcy sale.
Carrier took ownership of Kidde-Fenwal when both companies were spun off from United Technologies Corp in 2020. Carrier said in a Monday statement that Kidde-Fenwal was an independently managed company and was not a "strategic fit" for Carrier going forward.
PFAS are found in thousands of products, from cell phones to food packaging. They have been the subject of an increasing number of lawsuits linking them to cancer, other health risks and environmental damage. 3M, a central defendant in the AFFF lawsuits, has said it would stop producing PFAS by 2025.
The case is In re Kidde-Fenwal Inc, U.S. Bankruptcy Court for the District of Delaware, No. 23-10638.
For Kidde-Fenwal: Derek Abbott of Morris, Nichols, Arsht & Tunnell; and Justin DeCamp of Sullivan & Cromwell
Read more:
North Carolina sues 3M, others over firefighting foams
3M to end 'forever chemicals' output at cost of up to $2.3 bln
New York sues 3M, five others over toxic chemical contamination
California sues 3M, DuPont over toxic 'forever chemicals'
(Reporting by Dietrich Knauth)
The views and 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 Dietrich Knauth May 15 (Reuters) - Kidde-Fenwal Inc, a subsidiary of Carrier Global Corp CARR.N that specializes in fire control systems, filed for bankruptcy on Sunday, as it buckles under the weight of lawsuits alleging that "forever chemicals" in its firefighting foam products have contaminated water sources around U.S. airports and military bases. Since 2016, Kidde-Fenwal has been named as a defendant in more than 4,400 lawsuits filed by local governments, companies and individuals, claiming that aqueous film forming foam (AFFF) products contaminated drinking water and soil with perfluoroalkyl and polyfluoroalkyl substances, known as PFAS or "forever chemicals." Kidde-Fenwal is one of several defendants, along with 3M Co MMM.N and DuPont de Nemours Inc DD.N, to face a bellwether trial in June in South Carolina federal court, where AFFF litigation has been consolidated.
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By Dietrich Knauth May 15 (Reuters) - Kidde-Fenwal Inc, a subsidiary of Carrier Global Corp CARR.N that specializes in fire control systems, filed for bankruptcy on Sunday, as it buckles under the weight of lawsuits alleging that "forever chemicals" in its firefighting foam products have contaminated water sources around U.S. airports and military bases. Kidde-Fenwal sold AFFF foam products from 2007 to 2013, according to court documents. For Kidde-Fenwal: Derek Abbott of Morris, Nichols, Arsht & Tunnell; and Justin DeCamp of Sullivan & Cromwell Read more: North Carolina sues 3M, others over firefighting foams 3M to end 'forever chemicals' output at cost of up to $2.3 bln New York sues 3M, five others over toxic chemical contamination California sues 3M, DuPont over toxic 'forever chemicals' (Reporting by Dietrich Knauth) The views and 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 Dietrich Knauth May 15 (Reuters) - Kidde-Fenwal Inc, a subsidiary of Carrier Global Corp CARR.N that specializes in fire control systems, filed for bankruptcy on Sunday, as it buckles under the weight of lawsuits alleging that "forever chemicals" in its firefighting foam products have contaminated water sources around U.S. airports and military bases. Since 2016, Kidde-Fenwal has been named as a defendant in more than 4,400 lawsuits filed by local governments, companies and individuals, claiming that aqueous film forming foam (AFFF) products contaminated drinking water and soil with perfluoroalkyl and polyfluoroalkyl substances, known as PFAS or "forever chemicals." For Kidde-Fenwal: Derek Abbott of Morris, Nichols, Arsht & Tunnell; and Justin DeCamp of Sullivan & Cromwell Read more: North Carolina sues 3M, others over firefighting foams 3M to end 'forever chemicals' output at cost of up to $2.3 bln New York sues 3M, five others over toxic chemical contamination California sues 3M, DuPont over toxic 'forever chemicals' (Reporting by Dietrich Knauth) The views and 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 Dietrich Knauth May 15 (Reuters) - Kidde-Fenwal Inc, a subsidiary of Carrier Global Corp CARR.N that specializes in fire control systems, filed for bankruptcy on Sunday, as it buckles under the weight of lawsuits alleging that "forever chemicals" in its firefighting foam products have contaminated water sources around U.S. airports and military bases. Kidde-Fenwal sold AFFF foam products from 2007 to 2013, according to court documents. The litigation has cost Kidde-Fenwal $6 million in 2023 alone.
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903c2dbb-af45-4108-992c-0cb969806cd4
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715833.0
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2023-05-15 00:00:00 UTC
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Deutsche Bank Upgrades DuPont de Nemours (DD)
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DD
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https://www.nasdaq.com/articles/deutsche-bank-upgrades-dupont-de-nemours-dd
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nan
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nan
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Fintel reports that on May 15, 2023, Deutsche Bank upgraded their outlook for DuPont de Nemours (NYSE:DD) from Hold to Buy .
Analyst Price Forecast Suggests 25.45% Upside
As of May 11, 2023, the average one-year price target for DuPont de Nemours is 80.00. The forecasts range from a low of 70.70 to a high of $92.40. The average price target represents an increase of 25.45% from its latest reported closing price of 63.77.
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 2032 funds or institutions reporting positions in DuPont de Nemours. This is an increase of 96 owner(s) or 4.96% in the last quarter. Average portfolio weight of all funds dedicated to DD is 0.29%, an increase of 30.23%. Total shares owned by institutions increased in the last three months by 1.02% to 420,071K shares.
The put/call ratio of DD is 0.89, indicating a bullish 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 13,583K shares representing 2.96% ownership of the company. In it's prior filing, the firm reported owning 21,388K shares, representing a decrease of 57.46%. The firm decreased its portfolio allocation in DD by 13.50% 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 11,484K shares representing 2.50% ownership of the company. In it's prior filing, the firm reported owning 16,269K shares, representing a decrease of 41.66%. The firm decreased its portfolio allocation in DD by 3.86% 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.
See all DuPont de Nemours regulatory filings.
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 May 15, 2023, Deutsche Bank upgraded their outlook for DuPont de Nemours (NYSE:DD) from Hold to Buy . Average portfolio weight of all funds dedicated to DD is 0.29%, an increase of 30.23%. The put/call ratio of DD is 0.89, indicating a bullish outlook.
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Fintel reports that on May 15, 2023, Deutsche Bank upgraded their outlook for DuPont de Nemours (NYSE:DD) from Hold to Buy . Average portfolio weight of all funds dedicated to DD is 0.29%, an increase of 30.23%. The put/call ratio of DD is 0.89, indicating a bullish outlook.
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Fintel reports that on May 15, 2023, Deutsche Bank upgraded their outlook for DuPont de Nemours (NYSE:DD) from Hold to Buy . Average portfolio weight of all funds dedicated to DD is 0.29%, an increase of 30.23%. The put/call ratio of DD is 0.89, indicating a bullish outlook.
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Fintel reports that on May 15, 2023, Deutsche Bank upgraded their outlook for DuPont de Nemours (NYSE:DD) from Hold to Buy . Average portfolio weight of all funds dedicated to DD is 0.29%, an increase of 30.23%. The put/call ratio of DD is 0.89, indicating a bullish outlook.
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7aecd48b-afc3-4d80-b01a-434a5789fc71
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715834.0
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2023-05-11 00:00:00 UTC
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Interesting DD Put And Call Options For June 30th
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DD
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https://www.nasdaq.com/articles/interesting-dd-put-and-call-options-for-june-30th
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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 June 30th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new June 30th contracts and identified one put and one call contract of particular interest.
The put contract at the $63.00 strike price has a current bid of $1.90. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $63.00, but will also collect the premium, putting the cost basis of the shares at $61.10 (before broker commissions). To an investor already interested in purchasing shares of DD, that could represent an attractive alternative to paying $63.59/share today.
Because the $63.00 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 3.02% return on the cash commitment, or 22.02% 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 $63.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $64.00 strike price has a current bid of $2.10. If an investor was to purchase shares of DD stock at the current price level of $63.59/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $64.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 3.95% if the stock gets called away at the June 30th 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 $64.00 strike highlighted in red:
Considering the fact that the $64.00 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 3.30% boost of extra return to the investor, or 24.11% 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 $63.59) to be 31%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
Also see:
REITs Hedge Funds Are Buying
BOX Average Annual Return
CLW 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 $64.00 strike highlighted in red: Considering the fact that the $64.00 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 $64.00 strike highlighted in red: Considering the fact that the $64.00 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 June 30th 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 $64.00 strike highlighted in red: Considering the fact that the $64.00 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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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 $64.00 strike highlighted in red: Considering the fact that the $64.00 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 June 30th expiration.
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12b1b65f-ff10-418f-9748-8e02d78cdf13
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715835.0
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2023-05-09 00:00:00 UTC
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A 2-Step Contrarian Move for 7.4% Dividends, 90% Returns
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DD
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https://www.nasdaq.com/articles/a-2-step-contrarian-move-for-7.4-dividends-90-returns
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nan
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nan
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Let's dive into two simple indicators that can tell us when a dividend stock is set to lurch higher. Once we're through, I'm certain you'll wonder why you never thought of them before.
Last time we tried them, in my Contrarian Income Report advisory, they delivered a quick 90% return (more on that below). And we've got another nice setup to put them to work again.
Short Selling Is Back in the News--But We Take a Different Approach
First up, short selling--a phrase that strikes fear into most dividend investors' hearts, for a couple of (good!) reasons. The main one being that selling short (or selling a stock you've borrowed in hopes of buying it back later at a lower price) can expose you to infinite losses, for a simple reason: share prices can theoretically rise without limit.
That's pretty much the worst thing that can happen to you in investing--even worse than a stock going to zero!
Second, short selling does the opposite of what we want, because instead of collecting dividends, we're forced to pay them on stocks we've "shorted." Not good.
So no, we're not going to short stocks ourselves, though we do tip our hats to the brave souls who've made themselves some nice "bank" by shorting regional banks like doomed PacWest Bancorp (PACW)--whose "float" was an astounding 26% short at last check--these last few weeks.
So what's our play here?
Since short sellers tend to be wrong most of the time (fact!), we're going to take the other side of the bet by buying stocks--or going "long" in Wall Street-speak--with high short interest (I like to see at least 10% of the float sold short). Then we'll hang on as the price rises and shorts are forced to buy back the stock, driving the share price higher as they do.
This is a "short squeeze"--and it can be very profitable indeed. The classic example is the legendary short squeeze back in '08 that sent shares of Volkswagen AG soaring 82% in a single day. And you've no doubt seen a short squeeze in action if you followed the wild action around GameStop (GME) and other so-called "meme stocks" a couple years back.
But how do we know they'll be wrong? Simple--and this is where our second indicator comes in: we're going to combine high short interest with another often misunderstood indicator--high insider buying.
When Insiders and Short Sellers Face Off, Insiders Win
As the great Peter Lynch wrote, insiders may sell for any number of reasons, but they only buy for one: they think the price will go up. (I'd add a second: they think the dividend will rise!)
I don't know about you, but I'll take the view of a corporate exec with their own cash on the line and their finger on the pulse of a company over a short seller looking to gamble.
How We "Played" Insiders Against Short Sellers--and Bagged a 90% Return
You can see this two-pronged strategy in action with chemical maker Chemours Co. (CC), which we bought in Contrarian Income Report in June 2020. Back then, CC yielded an outsized 7.4%.
At the time, short sellers were buzzing around the company because it was facing pending litigation. By June 2020, the number of Chemours shares sold short floated above my 10% "take notice" line. And remember, too, that these "shorts" had to pay the company's fat dividend out of their own pockets!
That alone put a lot of pressure on them to throw in the towel--and that pressure formed Part 1 of our buy case. We weren't done.
Short Sellers Bet Big on CC ...
We then checked in on the C-suite, where Mark Newman, then-COO of the company (and now its president and CEO), had bought 2,500 CC shares in May 2020, bringing his total stake to around $1.9 million worth at the time.
Mark's move caught our attention because based on his experience--he had been with the company since it was spun off from Dupont de Nemours (DD) in 2015--he had a good sense of the company's chances in court. He was clearly bullish.
So were we. Here's how things played out over our 16-month holding period:
... Then Surrender, Driving Our Gains
Sure enough, as it became clear that the shorts were wrong, they threw in the towel, buying back CC stock to cover their positions. And each share they repurchased pushed CC higher. We walked off with a 90% total return and collected that nice 7.4% payout the entire time.
Note too that the return of the shorts (on the right side of the chart above) gave us our cue to step to the side in October 2021. That worked in our favor, too, as we got out just before the 2022 dumpster fire and sidestepped the 5.5% decline in CC shares since.
Revealed: A "Secret" Portfolio That Could Easily 4X Your Dividends
At Contrarian Income Report, we use many strategies like this one to hand members 7%+ dividends. And today, I'd like to share them with you, too.
In fact, I'll go one better: I'll share an entire portfolio of our very best picks with you--at no risk and no obligation whatsoever.
This "Perfect" income portfolio:
Pays you consistently, reliably and predictably, and ...
Throws off dividends 4X bigger than what regular investors must live with, plus ...
Some of the funds and stocks inside even pay dividends monthly!
I've produced a Special Investor Bulletin that lays out everything you need to know. Click here to read it and get a chance to download a FREE Special Report that reveals everything about my Perfect Income Portfolio, including the names, tickers and full details on ALL of the stout high-income plays inside.
Also see:
Warren Buffett Dividend Stocks
Dividend Growth Stocks: 25 Aristocrats
Future Dividend Aristocrats: Close Contenders
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(I'd add a second: they think the dividend will rise!) Mark's move caught our attention because based on his experience--he had been with the company since it was spun off from Dupont de Nemours (DD) in 2015--he had a good sense of the company's chances in court. How We "Played" Insiders Against Short Sellers--and Bagged a 90% Return You can see this two-pronged strategy in action with chemical maker Chemours Co. (CC), which we bought in Contrarian Income Report in June 2020.
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(I'd add a second: they think the dividend will rise!) Mark's move caught our attention because based on his experience--he had been with the company since it was spun off from Dupont de Nemours (DD) in 2015--he had a good sense of the company's chances in court. Then we'll hang on as the price rises and shorts are forced to buy back the stock, driving the share price higher as they do.
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(I'd add a second: they think the dividend will rise!) Mark's move caught our attention because based on his experience--he had been with the company since it was spun off from Dupont de Nemours (DD) in 2015--he had a good sense of the company's chances in court. Short Selling Is Back in the News--But We Take a Different Approach First up, short selling--a phrase that strikes fear into most dividend investors' hearts, for a couple of (good!)
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(I'd add a second: they think the dividend will rise!) Mark's move caught our attention because based on his experience--he had been with the company since it was spun off from Dupont de Nemours (DD) in 2015--he had a good sense of the company's chances in court. ), we're going to take the other side of the bet by buying stocks--or going "long" in Wall Street-speak--with high short interest (I like to see at least 10% of the float sold short).
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f1a98354-7c20-4696-b6be-6dd85da831f0
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715836.0
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2023-05-04 00:00:00 UTC
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RBC Capital Maintains DuPont de Nemours (DD) Outperform Recommendation
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DD
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https://www.nasdaq.com/articles/rbc-capital-maintains-dupont-de-nemours-dd-outperform-recommendation
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nan
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nan
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Fintel reports that on May 4, 2023, RBC Capital maintained coverage of DuPont de Nemours (NYSE:DD) with a Outperform recommendation.
Analyst Price Forecast Suggests 34.51% Upside
As of April 24, 2023, the average one-year price target for DuPont de Nemours is 86.63. The forecasts range from a low of 76.76 to a high of $108.15. The average price target represents an increase of 34.51% from its latest reported closing price of 64.40.
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 2014 funds or institutions reporting positions in DuPont de Nemours. This is an increase of 70 owner(s) or 3.60% in the last quarter. Average portfolio weight of all funds dedicated to DD is 0.29%, an increase of 9.48%. Total shares owned by institutions increased in the last three months by 1.32% to 425,289K shares.
The put/call ratio of DD is 0.91, indicating a bullish outlook.
What are Other Shareholders Doing?
Massachusetts Financial Services holds 23,557K shares representing 5.13% ownership of the company. In it's prior filing, the firm reported owning 24,320K shares, representing a decrease of 3.24%. The firm increased its portfolio allocation in DD by 23.16% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 13,583K shares representing 2.96% ownership of the company. In it's prior filing, the firm reported owning 21,388K shares, representing a decrease of 57.46%. The firm decreased its portfolio allocation in DD by 13.50% over the last quarter.
Boston Partners holds 12,749K shares representing 2.78% ownership of the company. In it's prior filing, the firm reported owning 12,500K shares, representing an increase of 1.95%. The firm increased its portfolio allocation in DD by 27.84% 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 11,484K shares representing 2.50% ownership of the company. In it's prior filing, the firm reported owning 16,269K shares, representing a decrease of 41.66%. The firm decreased its portfolio allocation in DD by 3.86% 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.
See all DuPont de Nemours regulatory filings.
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 May 4, 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 9.48%. The put/call ratio of DD is 0.91, indicating a bullish outlook.
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Fintel reports that on May 4, 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 9.48%. The put/call ratio of DD is 0.91, indicating a bullish outlook.
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Fintel reports that on May 4, 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 9.48%. The put/call ratio of DD is 0.91, indicating a bullish outlook.
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Fintel reports that on May 4, 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 9.48%. The put/call ratio of DD is 0.91, indicating a bullish outlook.
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e063f391-2bfe-4cf8-9f4e-9bae103064e4
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715837.0
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2023-05-04 00:00:00 UTC
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Morgan Stanley Maintains DuPont de Nemours (DD) Equal-Weight Recommendation
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DD
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https://www.nasdaq.com/articles/morgan-stanley-maintains-dupont-de-nemours-dd-equal-weight-recommendation
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nan
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nan
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Fintel reports that on May 4, 2023, Morgan Stanley maintained coverage of DuPont de Nemours (NYSE:DD) with a Equal-Weight recommendation.
Analyst Price Forecast Suggests 34.51% Upside
As of April 24, 2023, the average one-year price target for DuPont de Nemours is 86.63. The forecasts range from a low of 76.76 to a high of $108.15. The average price target represents an increase of 34.51% from its latest reported closing price of 64.40.
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 2014 funds or institutions reporting positions in DuPont de Nemours. This is an increase of 70 owner(s) or 3.60% in the last quarter. Average portfolio weight of all funds dedicated to DD is 0.29%, an increase of 9.48%. Total shares owned by institutions increased in the last three months by 1.32% to 425,289K shares.
The put/call ratio of DD is 0.91, indicating a bullish outlook.
What are Other Shareholders Doing?
Massachusetts Financial Services holds 23,557K shares representing 5.13% ownership of the company. In it's prior filing, the firm reported owning 24,320K shares, representing a decrease of 3.24%. The firm increased its portfolio allocation in DD by 23.16% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 13,583K shares representing 2.96% ownership of the company. In it's prior filing, the firm reported owning 21,388K shares, representing a decrease of 57.46%. The firm decreased its portfolio allocation in DD by 13.50% over the last quarter.
Boston Partners holds 12,749K shares representing 2.78% ownership of the company. In it's prior filing, the firm reported owning 12,500K shares, representing an increase of 1.95%. The firm increased its portfolio allocation in DD by 27.84% 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 11,484K shares representing 2.50% ownership of the company. In it's prior filing, the firm reported owning 16,269K shares, representing a decrease of 41.66%. The firm decreased its portfolio allocation in DD by 3.86% 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.
See all DuPont de Nemours regulatory filings.
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.
|
Fintel reports that on May 4, 2023, Morgan Stanley 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 9.48%. The put/call ratio of DD is 0.91, indicating a bullish outlook.
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Fintel reports that on May 4, 2023, Morgan Stanley 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 9.48%. The put/call ratio of DD is 0.91, indicating a bullish outlook.
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Fintel reports that on May 4, 2023, Morgan Stanley 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 9.48%. The put/call ratio of DD is 0.91, indicating a bullish outlook.
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Fintel reports that on May 4, 2023, Morgan Stanley 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 9.48%. The put/call ratio of DD is 0.91, indicating a bullish outlook.
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bdb81f9f-4206-43ad-a293-e1d84b0eb33a
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715838.0
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2023-05-04 00:00:00 UTC
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June 23rd Options Now Available For DuPont (DD)
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DD
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https://www.nasdaq.com/articles/june-23rd-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 June 23rd expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new June 23rd contracts and identified one put and one call contract of particular interest.
The put contract at the $63.00 strike price has a current bid of $2.30. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $63.00, but will also collect the premium, putting the cost basis of the shares at $60.70 (before broker commissions). To an investor already interested in purchasing shares of DD, that could represent an attractive alternative to paying $63.45/share today.
Because the $63.00 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 3.65% return on the cash commitment, or 26.65% 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 $63.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $64.00 strike price has a current bid of $2.35. If an investor was to purchase shares of DD stock at the current price level of $63.45/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $64.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 4.57% if the stock gets called away at the June 23rd 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 $64.00 strike highlighted in red:
Considering the fact that the $64.00 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 3.70% boost of extra return to the investor, or 27.04% 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 $63.45) to be 31%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
Also see:
CWT Insider Buying
WMG Options Chain
Top Ten Hedge Funds Holding FYX
The views and 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 $64.00 strike highlighted in red: Considering the fact that the $64.00 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%. Below is a chart showing DD's trailing twelve month trading history, with the $64.00 strike highlighted in red: Considering the fact that the $64.00 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 June 23rd 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 $64.00 strike highlighted in red: Considering the fact that the $64.00 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 June 23rd 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 $64.00 strike highlighted in red: Considering the fact that the $64.00 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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9782ccd6-16f8-4cf0-9df9-31f9bbed1fbe
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715839.0
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2023-05-03 00:00:00 UTC
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Deutsche Bank Maintains DuPont de Nemours (DD) Hold Recommendation
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DD
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https://www.nasdaq.com/articles/deutsche-bank-maintains-dupont-de-nemours-dd-hold-recommendation
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nan
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nan
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Fintel reports that on May 3, 2023, Deutsche Bank maintained coverage of DuPont de Nemours (NYSE:DD) with a Hold recommendation.
Analyst Price Forecast Suggests 34.51% Upside
As of April 24, 2023, the average one-year price target for DuPont de Nemours is 86.63. The forecasts range from a low of 76.76 to a high of $108.15. The average price target represents an increase of 34.51% from its latest reported closing price of 64.40.
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 2014 funds or institutions reporting positions in DuPont de Nemours. This is an increase of 70 owner(s) or 3.60% in the last quarter. Average portfolio weight of all funds dedicated to DD is 0.29%, an increase of 9.48%. Total shares owned by institutions increased in the last three months by 1.32% to 425,289K shares.
The put/call ratio of DD is 0.91, indicating a bullish outlook.
What are Other Shareholders Doing?
Massachusetts Financial Services holds 23,557K shares representing 5.13% ownership of the company. In it's prior filing, the firm reported owning 24,320K shares, representing a decrease of 3.24%. The firm increased its portfolio allocation in DD by 23.16% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 13,583K shares representing 2.96% ownership of the company. In it's prior filing, the firm reported owning 21,388K shares, representing a decrease of 57.46%. The firm decreased its portfolio allocation in DD by 13.50% over the last quarter.
Boston Partners holds 12,749K shares representing 2.78% ownership of the company. In it's prior filing, the firm reported owning 12,500K shares, representing an increase of 1.95%. The firm increased its portfolio allocation in DD by 27.84% 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 11,484K shares representing 2.50% ownership of the company. In it's prior filing, the firm reported owning 16,269K shares, representing a decrease of 41.66%. The firm decreased its portfolio allocation in DD by 3.86% 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.
See all DuPont de Nemours regulatory filings.
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.
|
Fintel reports that on May 3, 2023, Deutsche Bank maintained coverage of DuPont de Nemours (NYSE:DD) with a Hold recommendation. Average portfolio weight of all funds dedicated to DD is 0.29%, an increase of 9.48%. The put/call ratio of DD is 0.91, indicating a bullish outlook.
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Fintel reports that on May 3, 2023, Deutsche Bank maintained coverage of DuPont de Nemours (NYSE:DD) with a Hold recommendation. Average portfolio weight of all funds dedicated to DD is 0.29%, an increase of 9.48%. The put/call ratio of DD is 0.91, indicating a bullish outlook.
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Fintel reports that on May 3, 2023, Deutsche Bank maintained coverage of DuPont de Nemours (NYSE:DD) with a Hold recommendation. Average portfolio weight of all funds dedicated to DD is 0.29%, an increase of 9.48%. The put/call ratio of DD is 0.91, indicating a bullish outlook.
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Fintel reports that on May 3, 2023, Deutsche Bank maintained coverage of DuPont de Nemours (NYSE:DD) with a Hold recommendation. Average portfolio weight of all funds dedicated to DD is 0.29%, an increase of 9.48%. The put/call ratio of DD is 0.91, indicating a bullish outlook.
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421fb082-8e43-4f4d-b614-929eb7df99a9
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715840.0
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2023-05-03 00:00:00 UTC
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BMO Capital Maintains DuPont de Nemours (DD) Outperform Recommendation
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DD
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https://www.nasdaq.com/articles/bmo-capital-maintains-dupont-de-nemours-dd-outperform-recommendation
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nan
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nan
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Fintel reports that on May 3, 2023, BMO Capital maintained coverage of DuPont de Nemours (NYSE:DD) with a Outperform recommendation.
Analyst Price Forecast Suggests 34.51% Upside
As of April 24, 2023, the average one-year price target for DuPont de Nemours is 86.63. The forecasts range from a low of 76.76 to a high of $108.15. The average price target represents an increase of 34.51% from its latest reported closing price of 64.40.
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 2014 funds or institutions reporting positions in DuPont de Nemours. This is an increase of 70 owner(s) or 3.60% in the last quarter. Average portfolio weight of all funds dedicated to DD is 0.29%, an increase of 9.48%. Total shares owned by institutions increased in the last three months by 1.32% to 425,289K shares.
The put/call ratio of DD is 0.91, indicating a bullish outlook.
What are Other Shareholders Doing?
Massachusetts Financial Services holds 23,557K shares representing 5.13% ownership of the company. In it's prior filing, the firm reported owning 24,320K shares, representing a decrease of 3.24%. The firm increased its portfolio allocation in DD by 23.16% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 13,583K shares representing 2.96% ownership of the company. In it's prior filing, the firm reported owning 21,388K shares, representing a decrease of 57.46%. The firm decreased its portfolio allocation in DD by 13.50% over the last quarter.
Boston Partners holds 12,749K shares representing 2.78% ownership of the company. In it's prior filing, the firm reported owning 12,500K shares, representing an increase of 1.95%. The firm increased its portfolio allocation in DD by 27.84% 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 11,484K shares representing 2.50% ownership of the company. In it's prior filing, the firm reported owning 16,269K shares, representing a decrease of 41.66%. The firm decreased its portfolio allocation in DD by 3.86% 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.
See all DuPont de Nemours regulatory filings.
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.
|
Fintel reports that on May 3, 2023, BMO 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 9.48%. The put/call ratio of DD is 0.91, indicating a bullish outlook.
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Fintel reports that on May 3, 2023, BMO 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 9.48%. The put/call ratio of DD is 0.91, indicating a bullish outlook.
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Fintel reports that on May 3, 2023, BMO 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 9.48%. The put/call ratio of DD is 0.91, indicating a bullish outlook.
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Fintel reports that on May 3, 2023, BMO 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 9.48%. The put/call ratio of DD is 0.91, indicating a bullish outlook.
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0bca37c7-a955-402f-bf08-6432905b6e6d
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715841.0
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2023-05-03 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
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nan
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nan
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Fintel reports that on May 3, 2023, Wells Fargo maintained coverage of DuPont de Nemours (NYSE:DD) with a Overweight recommendation.
Analyst Price Forecast Suggests 33.21% Upside
As of April 24, 2023, the average one-year price target for DuPont de Nemours is 86.63. The forecasts range from a low of 76.76 to a high of $108.15. The average price target represents an increase of 33.21% from its latest reported closing price of 65.03.
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 2014 funds or institutions reporting positions in DuPont de Nemours. This is an increase of 72 owner(s) or 3.71% in the last quarter. Average portfolio weight of all funds dedicated to DD is 0.29%, an increase of 9.63%. Total shares owned by institutions increased in the last three months by 1.33% to 425,291K shares.
The put/call ratio of DD is 0.86, indicating a bullish outlook.
What are Other Shareholders Doing?
Massachusetts Financial Services holds 23,557K shares representing 5.13% ownership of the company. In it's prior filing, the firm reported owning 24,320K shares, representing a decrease of 3.24%. The firm increased its portfolio allocation in DD by 23.16% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 13,583K shares representing 2.96% ownership of the company. In it's prior filing, the firm reported owning 21,388K shares, representing a decrease of 57.46%. The firm decreased its portfolio allocation in DD by 13.50% over the last quarter.
Boston Partners holds 12,749K shares representing 2.78% ownership of the company. In it's prior filing, the firm reported owning 12,500K shares, representing an increase of 1.95%. The firm increased its portfolio allocation in DD by 27.84% 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 11,484K shares representing 2.50% ownership of the company. In it's prior filing, the firm reported owning 16,269K shares, representing a decrease of 41.66%. The firm decreased its portfolio allocation in DD by 3.86% 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.
See all DuPont de Nemours regulatory filings.
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.
|
Fintel reports that on May 3, 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 0.29%, an increase of 9.63%. The put/call ratio of DD is 0.86, indicating a bullish outlook.
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Fintel reports that on May 3, 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 0.29%, an increase of 9.63%. The put/call ratio of DD is 0.86, indicating a bullish outlook.
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Fintel reports that on May 3, 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 0.29%, an increase of 9.63%. The put/call ratio of DD is 0.86, indicating a bullish outlook.
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Fintel reports that on May 3, 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 0.29%, an increase of 9.63%. The put/call ratio of DD is 0.86, indicating a bullish outlook.
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5cd1d949-e448-416b-bc3c-62df83f6e0a8
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715842.0
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2023-05-03 00:00:00 UTC
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Mizuho Maintains DuPont de Nemours (DD) Buy Recommendation
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DD
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https://www.nasdaq.com/articles/mizuho-maintains-dupont-de-nemours-dd-buy-recommendation
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nan
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nan
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Fintel reports that on May 3, 2023, Mizuho maintained coverage of DuPont de Nemours (NYSE:DD) with a Buy recommendation.
Analyst Price Forecast Suggests 33.21% Upside
As of April 24, 2023, the average one-year price target for DuPont de Nemours is 86.63. The forecasts range from a low of 76.76 to a high of $108.15. The average price target represents an increase of 33.21% from its latest reported closing price of 65.03.
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 2014 funds or institutions reporting positions in DuPont de Nemours. This is an increase of 72 owner(s) or 3.71% in the last quarter. Average portfolio weight of all funds dedicated to DD is 0.29%, an increase of 9.63%. Total shares owned by institutions increased in the last three months by 1.33% to 425,291K shares.
The put/call ratio of DD is 0.86, indicating a bullish outlook.
What are Other Shareholders Doing?
Massachusetts Financial Services holds 23,557K shares representing 5.13% ownership of the company. In it's prior filing, the firm reported owning 24,320K shares, representing a decrease of 3.24%. The firm increased its portfolio allocation in DD by 23.16% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 13,583K shares representing 2.96% ownership of the company. In it's prior filing, the firm reported owning 21,388K shares, representing a decrease of 57.46%. The firm decreased its portfolio allocation in DD by 13.50% over the last quarter.
Boston Partners holds 12,749K shares representing 2.78% ownership of the company. In it's prior filing, the firm reported owning 12,500K shares, representing an increase of 1.95%. The firm increased its portfolio allocation in DD by 27.84% 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 11,484K shares representing 2.50% ownership of the company. In it's prior filing, the firm reported owning 16,269K shares, representing a decrease of 41.66%. The firm decreased its portfolio allocation in DD by 3.86% 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.
See all DuPont de Nemours regulatory filings.
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.
|
Fintel reports that on May 3, 2023, Mizuho maintained coverage of DuPont de Nemours (NYSE:DD) with a Buy recommendation. Average portfolio weight of all funds dedicated to DD is 0.29%, an increase of 9.63%. The put/call ratio of DD is 0.86, indicating a bullish outlook.
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Fintel reports that on May 3, 2023, Mizuho maintained coverage of DuPont de Nemours (NYSE:DD) with a Buy recommendation. Average portfolio weight of all funds dedicated to DD is 0.29%, an increase of 9.63%. The put/call ratio of DD is 0.86, indicating a bullish outlook.
|
Fintel reports that on May 3, 2023, Mizuho maintained coverage of DuPont de Nemours (NYSE:DD) with a Buy recommendation. Average portfolio weight of all funds dedicated to DD is 0.29%, an increase of 9.63%. The put/call ratio of DD is 0.86, indicating a bullish outlook.
|
Fintel reports that on May 3, 2023, Mizuho maintained coverage of DuPont de Nemours (NYSE:DD) with a Buy recommendation. Average portfolio weight of all funds dedicated to DD is 0.29%, an increase of 9.63%. The put/call ratio of DD is 0.86, indicating a bullish outlook.
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5ed48f02-57f2-4724-9e3b-0196bfaf845d
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715843.0
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2023-05-03 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-0
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nan
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nan
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Fintel reports that on May 3, 2023, Barclays maintained coverage of DuPont de Nemours (NYSE:DD) with a Equal-Weight recommendation.
Analyst Price Forecast Suggests 33.21% Upside
As of April 24, 2023, the average one-year price target for DuPont de Nemours is 86.63. The forecasts range from a low of 76.76 to a high of $108.15. The average price target represents an increase of 33.21% from its latest reported closing price of 65.03.
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 2014 funds or institutions reporting positions in DuPont de Nemours. This is an increase of 72 owner(s) or 3.71% in the last quarter. Average portfolio weight of all funds dedicated to DD is 0.29%, an increase of 9.63%. Total shares owned by institutions increased in the last three months by 1.33% to 425,291K shares.
The put/call ratio of DD is 0.86, indicating a bullish outlook.
What are Other Shareholders Doing?
Massachusetts Financial Services holds 23,557K shares representing 5.13% ownership of the company. In it's prior filing, the firm reported owning 24,320K shares, representing a decrease of 3.24%. The firm increased its portfolio allocation in DD by 23.16% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 13,583K shares representing 2.96% ownership of the company. In it's prior filing, the firm reported owning 21,388K shares, representing a decrease of 57.46%. The firm decreased its portfolio allocation in DD by 13.50% over the last quarter.
Boston Partners holds 12,749K shares representing 2.78% ownership of the company. In it's prior filing, the firm reported owning 12,500K shares, representing an increase of 1.95%. The firm increased its portfolio allocation in DD by 27.84% 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 11,484K shares representing 2.50% ownership of the company. In it's prior filing, the firm reported owning 16,269K shares, representing a decrease of 41.66%. The firm decreased its portfolio allocation in DD by 3.86% 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.
See all DuPont de Nemours regulatory filings.
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 May 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 9.63%. The put/call ratio of DD is 0.86, indicating a bullish outlook.
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Fintel reports that on May 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 9.63%. The put/call ratio of DD is 0.86, indicating a bullish outlook.
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Fintel reports that on May 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 9.63%. The put/call ratio of DD is 0.86, indicating a bullish outlook.
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Fintel reports that on May 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 9.63%. The put/call ratio of DD is 0.86, indicating a bullish outlook.
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b1eb86de-8275-4e6d-82ec-2fff02977d68
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715844.0
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2023-05-02 00:00:00 UTC
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EI DuPont De Nemours & Co. Q1 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.-q1-23-earnings-conference-call-at-8%3A00-am-et
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(RTTNews) - EI DuPont De Nemours & Co. (DD) will host a conference call at 8:00 AM ET on May 2, 2023, to discuss Q1 23 earnings results.
To access the live webcast, log on to https://www.investors.dupont.com/investors/dupont-investors/events-and-presentations/default.aspx
To listen to the call, dial 888-440-4172 (US) or +1-646-960-0673 (International), 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 May 2, 2023, to discuss Q1 23 earnings results. To access the live webcast, log on to https://www.investors.dupont.com/investors/dupont-investors/events-and-presentations/default.aspx To listen to the call, dial 888-440-4172 (US) or +1-646-960-0673 (International), 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 May 2, 2023, to discuss Q1 23 earnings results. To access the live webcast, log on to https://www.investors.dupont.com/investors/dupont-investors/events-and-presentations/default.aspx To listen to the call, dial 888-440-4172 (US) or +1-646-960-0673 (International), 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 May 2, 2023, to discuss Q1 23 earnings results. To access the live webcast, log on to https://www.investors.dupont.com/investors/dupont-investors/events-and-presentations/default.aspx To listen to the call, dial 888-440-4172 (US) or +1-646-960-0673 (International), 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 May 2, 2023, to discuss Q1 23 earnings results. To access the live webcast, log on to https://www.investors.dupont.com/investors/dupont-investors/events-and-presentations/default.aspx To listen to the call, dial 888-440-4172 (US) or +1-646-960-0673 (International), 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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d873a76c-40bb-4151-90d2-826964a8111d
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715845.0
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2023-05-02 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
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In trading on Tuesday, shares of DuPont (Symbol: DD) crossed below their 200 day moving average of $65.31, changing hands as low as $62.99 per share. DuPont shares are currently trading off about 8.7% 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 $49.52 per share, with $78.40 as the 52 week high point — that compares with a last trade of $63.29. 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:
Micron Technology MACD
GOSS Average Annual Return
HSAQ 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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In trading on Tuesday, shares of DuPont (Symbol: DD) crossed below their 200 day moving average of $65.31, changing hands as low as $62.99 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 $49.52 per share, with $78.40 as the 52 week high point — that compares with a last trade of $63.29. 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: Micron Technology MACD GOSS Average Annual Return HSAQ 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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In trading on Tuesday, shares of DuPont (Symbol: DD) crossed below their 200 day moving average of $65.31, changing hands as low as $62.99 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 $49.52 per share, with $78.40 as the 52 week high point — that compares with a last trade of $63.29. 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: Micron Technology MACD GOSS Average Annual Return HSAQ 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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In trading on Tuesday, shares of DuPont (Symbol: DD) crossed below their 200 day moving average of $65.31, changing hands as low as $62.99 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 $49.52 per share, with $78.40 as the 52 week high point — that compares with a last trade of $63.29. 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: Micron Technology MACD GOSS Average Annual Return HSAQ 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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In trading on Tuesday, shares of DuPont (Symbol: DD) crossed below their 200 day moving average of $65.31, changing hands as low as $62.99 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 $49.52 per share, with $78.40 as the 52 week high point — that compares with a last trade of $63.29. 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: Micron Technology MACD GOSS Average Annual Return HSAQ 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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cfcb78b1-a13e-4767-94a2-cce0ea878eee
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715846.0
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2023-05-02 00:00:00 UTC
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DuPont de Nemours (DD) Beats Q1 Earnings and Revenue Estimates
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DD
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https://www.nasdaq.com/articles/dupont-de-nemours-dd-beats-q1-earnings-and-revenue-estimates-0
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DuPont de Nemours (DD) came out with quarterly earnings of $0.84 per share, beating the Zacks Consensus Estimate of $0.81 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 3.70%. A quarter ago, it was expected that this specialty chemicals maker would post earnings of $0.79 per share when it actually produced earnings of $0.89, delivering a surprise of 12.66%.
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 $3.02 billion for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 2.72%. This compares to year-ago revenues of $3.27 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 1.1% since the beginning of the year versus the S&P 500's gain of 8.6%.
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: mixed. 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 #3 (Hold) for the stock. So, the shares are expected to perform in line with 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 $0.87 on $3.07 billion in revenues for the coming quarter and $3.71 on $12.51 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 31% 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.
Air Products and Chemicals (APD), another stock in the same industry, has yet to report results for the quarter ended March 2023. The results are expected to be released on May 9.
This seller of gases for industrial, medical and other uses is expected to post quarterly earnings of $2.64 per share in its upcoming report, which represents a year-over-year change of +10.9%. The consensus EPS estimate for the quarter has been revised 0.1% lower over the last 30 days to the current level.
Air Products and Chemicals' revenues are expected to be $3.02 billion, up 2.5% from the year-ago quarter.
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DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report
Air Products and Chemicals, Inc. (APD) : 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 $0.84 per share, beating the Zacks Consensus Estimate of $0.81 per share. DuPont de Nemours shares have added about 1.1% since the beginning of the year versus the S&P 500's gain of 8.6%. 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 Air Products and Chemicals, Inc. (APD) : Free Stock Analysis Report To read this article on Zacks.com click here. DuPont de Nemours (DD) came out with quarterly earnings of $0.84 per share, beating the Zacks Consensus Estimate of $0.81 per share. DuPont de Nemours shares have added about 1.1% since the beginning of the year versus the S&P 500's gain of 8.6%.
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DuPont de Nemours (DD) came out with quarterly earnings of $0.84 per share, beating the Zacks Consensus Estimate of $0.81 per share. Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Air Products and Chemicals, Inc. (APD) : Free Stock Analysis Report To read this article on Zacks.com click here. DuPont de Nemours shares have added about 1.1% since the beginning of the year versus the S&P 500's gain of 8.6%.
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DuPont de Nemours (DD) came out with quarterly earnings of $0.84 per share, beating the Zacks Consensus Estimate of $0.81 per share. DuPont de Nemours shares have added about 1.1% since the beginning of the year versus the S&P 500's gain of 8.6%. 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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8edff93c-d96c-42d1-b1a5-c39dd1c7c0ee
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715847.0
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2023-05-02 00:00:00 UTC
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EI DuPont De Nemours & Co. Reports Fall In Q1 Income
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DD
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https://www.nasdaq.com/articles/ei-dupont-de-nemours-co.-reports-fall-in-q1-income
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(RTTNews) - EI DuPont De Nemours & Co. (DD) reported earnings for first quarter that decreased from last year
The company's earnings came in at $257 million, or $0.56 per share. This compares with $488 million, or $0.95 per share, in last year's first quarter.
Excluding items, EI DuPont De Nemours & Co. reported adjusted earnings of $396 million or $0.84 per share for the period.
The company's revenue for the quarter fell 7.6% to $3.02 billion from $3.27 billion last year.
EI DuPont De Nemours & Co. earnings at a glance (GAAP) :
-Earnings (Q1): $257 Mln. vs. $488 Mln. last year. -EPS (Q1): $0.56 vs. $0.95 last year. -Revenue (Q1): $3.02 Bln vs. $3.27 Bln last year.
-Guidance: Next quarter EPS guidance: $0.84 Next quarter revenue guidance: $3,020 Mln Full year EPS guidance: $3.55 - $3.70 Full year revenue guidance: $12,300 -$12,500 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) reported earnings for first quarter that decreased from last year The company's earnings came in at $257 million, or $0.56 per share. Excluding items, EI DuPont De Nemours & Co. reported adjusted earnings of $396 million or $0.84 per share for the period. EI DuPont De Nemours & Co. earnings at a glance (GAAP) : -Earnings (Q1): $257 Mln.
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(RTTNews) - EI DuPont De Nemours & Co. (DD) reported earnings for first quarter that decreased from last year The company's earnings came in at $257 million, or $0.56 per share. Excluding items, EI DuPont De Nemours & Co. reported adjusted earnings of $396 million or $0.84 per share for the period. EI DuPont De Nemours & Co. earnings at a glance (GAAP) : -Earnings (Q1): $257 Mln.
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(RTTNews) - EI DuPont De Nemours & Co. (DD) reported earnings for first quarter that decreased from last year The company's earnings came in at $257 million, or $0.56 per share. This compares with $488 million, or $0.95 per share, in last year's first quarter. -Guidance: Next quarter EPS guidance: $0.84 Next quarter revenue guidance: $3,020 Mln Full year EPS guidance: $3.55 - $3.70 Full year revenue guidance: $12,300 -$12,500 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) reported earnings for first quarter that decreased from last year The company's earnings came in at $257 million, or $0.56 per share. This compares with $488 million, or $0.95 per share, in last year's first quarter. vs. $488 Mln.
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093da19e-6b8c-4d19-a1b2-b3667609e224
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715848.0
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2023-05-02 00:00:00 UTC
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DuPont to buy Spectrum Plastics Group for $1.75 billion
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DD
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https://www.nasdaq.com/articles/dupont-to-buy-spectrum-plastics-group-for-%241.75-billion
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May 2 (Reuters) - Materials and chemicals maker DuPont de Nemours Inc DD.N on Tuesday said it would acquire Spectrum Plastics Group from AEA Investors for $1.75 billion.
(Reporting by Ankit Kumar; Editing by Dhanya Ann Thoppil)
((Ankit.Kumar2@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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May 2 (Reuters) - Materials and chemicals maker DuPont de Nemours Inc DD.N on Tuesday said it would acquire Spectrum Plastics Group from AEA Investors for $1.75 billion. (Reporting by Ankit Kumar; Editing by Dhanya Ann Thoppil) ((Ankit.Kumar2@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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May 2 (Reuters) - Materials and chemicals maker DuPont de Nemours Inc DD.N on Tuesday said it would acquire Spectrum Plastics Group from AEA Investors for $1.75 billion. (Reporting by Ankit Kumar; Editing by Dhanya Ann Thoppil) ((Ankit.Kumar2@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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May 2 (Reuters) - Materials and chemicals maker DuPont de Nemours Inc DD.N on Tuesday said it would acquire Spectrum Plastics Group from AEA Investors for $1.75 billion. (Reporting by Ankit Kumar; Editing by Dhanya Ann Thoppil) ((Ankit.Kumar2@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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May 2 (Reuters) - Materials and chemicals maker DuPont de Nemours Inc DD.N on Tuesday said it would acquire Spectrum Plastics Group from AEA Investors for $1.75 billion. (Reporting by Ankit Kumar; Editing by Dhanya Ann Thoppil) ((Ankit.Kumar2@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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c929f452-30bc-46c2-b40a-aed749d3d6d7
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715849.0
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2023-05-02 00:00:00 UTC
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DuPont to buy Spectrum Plastics Group for $1.75 billion
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https://www.nasdaq.com/articles/dupont-to-buy-spectrum-plastics-group-for-%241.75-billion-0
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Adds details, background
May 2 (Reuters) - Materials and chemicals maker DuPont de Nemours Inc DD.N on Tuesday said it would buy specialty medical devices and components maker Spectrum Plastics Group from AEA Investors for $1.75 billion.
Following the acquisition about 10% of consolidated revenue will come from healthcare, the company said, adding it expects the deal to close by the end of the third quarter.
DuPont also beat analysts' estimates for first-quarter profit, as it benefited from strong demand in its water and protection segment, as well as price increases.
The company has raised prices over the past year to counter rising costs for raw materials, energy as well as logistic bottlenecks.
On an adjusted basis, DuPont earned 84 cents per share in the quarter ended March 31, compared with estimates of 80 cents, according to Refinitiv data.
(Reporting by Ankit Kumar; Editing by Dhanya Ann Thoppil and Sriraj Kalluvila)
((Ankit.Kumar2@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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Following the acquisition about 10% of consolidated revenue will come from healthcare, the company said, adding it expects the deal to close by the end of the third quarter. Adds details, background May 2 (Reuters) - Materials and chemicals maker DuPont de Nemours Inc DD.N on Tuesday said it would buy specialty medical devices and components maker Spectrum Plastics Group from AEA Investors for $1.75 billion. DuPont also beat analysts' estimates for first-quarter profit, as it benefited from strong demand in its water and protection segment, as well as price increases.
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Adds details, background May 2 (Reuters) - Materials and chemicals maker DuPont de Nemours Inc DD.N on Tuesday said it would buy specialty medical devices and components maker Spectrum Plastics Group from AEA Investors for $1.75 billion. Following the acquisition about 10% of consolidated revenue will come from healthcare, the company said, adding it expects the deal to close by the end of the third quarter. On an adjusted basis, DuPont earned 84 cents per share in the quarter ended March 31, compared with estimates of 80 cents, according to Refinitiv data.
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Adds details, background May 2 (Reuters) - Materials and chemicals maker DuPont de Nemours Inc DD.N on Tuesday said it would buy specialty medical devices and components maker Spectrum Plastics Group from AEA Investors for $1.75 billion. Following the acquisition about 10% of consolidated revenue will come from healthcare, the company said, adding it expects the deal to close by the end of the third quarter. On an adjusted basis, DuPont earned 84 cents per share in the quarter ended March 31, compared with estimates of 80 cents, according to Refinitiv data.
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Adds details, background May 2 (Reuters) - Materials and chemicals maker DuPont de Nemours Inc DD.N on Tuesday said it would buy specialty medical devices and components maker Spectrum Plastics Group from AEA Investors for $1.75 billion. Following the acquisition about 10% of consolidated revenue will come from healthcare, the company said, adding it expects the deal to close by the end of the third quarter. DuPont also beat analysts' estimates for first-quarter profit, as it benefited from strong demand in its water and protection segment, as well as price increases.
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de9278dd-675b-4002-b3ef-4c7330526361
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715850.0
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2023-04-28 00:00:00 UTC
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Albemarle (ALB) to Post Q1 Earnings: What's in the Cards?
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DD
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https://www.nasdaq.com/articles/albemarle-alb-to-post-q1-earnings%3A-whats-in-the-cards
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Albemarle Corporation ALB will release first-quarter 2023 results after the closing bell on May 3.
The company beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters. In this timeframe, it delivered an earnings surprise of 15.7%, on average. It posted an earnings surprise of 1.9% in the last reported quarter. The company is likely to have benefited from higher lithium prices and volumes and its cost-reduction actions in the first quarter amid headwinds from higher input costs.
Albemarle’s shares have lost 3.6% over a year compared with an 3.8% decline of the industry it belongs to.
Image Source: Zacks Investment Research
Let’s see how things are shaping up for this announcement.
Zacks Model
Our proven model predicts an earnings beat for Albemarle this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earning beat.
Earnings ESP: Earnings ESP for Albemarle is +0.80%. The Zacks Consensus Estimate for the first quarter is currently pegged at $6.93. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Albemarle currently carries a Zacks Rank #3.
What do the Estimates Say?
The Zacks Consensus Estimate for revenues for Albemarle for the to-be-reported quarter stands at $2,737 million, reflecting an increase of around 142.7% from the year-ago quarter.
Some Factors to Watch For
Albemarle is likely to have benefited from higher volumes and prices in its lithium business in the first quarter. Higher lithium prices aided by strong demand are likely to have driven the company’s sales and margins in the quarter.
The company is also likely to have gained from higher volumes in its lithium business in the March quarter. Higher customer demand, new capacity and plant productivity improvements are expected to have supported volumes. The La Negra III/IV expansion in Chile is also likely to have contributed to volumes.
Benefits of the company’s cost-saving, pricing and productivity initiatives are also expected to get reflected in the quarter to be reported. Its cost and productivity actions are expected to have supported margins in the first quarter.
However, the company’s Ketjen unit is likely to have faced headwinds from higher costs. The business is expected have witnessed challenges from increased input costs as well as higher natural gas costs in Europe due to the Russia-Ukraine war. The segment is likely to have been impacted by raw material cost inflation in the quarter to be reported. The company’s Specialties unit is also likely to have witnessed persistently higher raw material and freight costs.
Albemarle Corporation Price and EPS Surprise
Albemarle Corporation price-eps-surprise | Albemarle Corporation Quote
Stocks That Warrant a Look
Here are some companies in the basic materials space you may want to consider, as our model shows these too have the right combination of elements to post an earnings beat this quarter:
DuPont de Nemours, Inc. DD, slated to release earnings on May 2, has an Earnings ESP of +1.77%. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for DuPont’s earnings for the quarter is pegged at 81 cents. DD currently carries a Zacks Rank #3.
Axalta Coating Systems Ltd. AXTA, slated to release earnings on May 2, has an Earnings ESP of +4.35%.
The consensus estimate for Axalta Coating Systems’ earnings for the first quarter is currently pegged at 31 cents. AXTA currently carries a Zacks Rank #3.
Pan American Silver Corp. PAAS, scheduled to release earnings on May 10, has an Earnings ESP of +167.10% and currently carries a Zacks Rank #3.
The Zacks Consensus Estimate for Pan American Silver’s first-quarter earnings has been revised 66.7% upward in the past 60 days. The consensus estimate for PAAS’ earnings for the first quarter is currently pegged at 5 cents.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report
Albemarle Corporation (ALB) : Free Stock Analysis Report
Pan American Silver Corp. (PAAS) : 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, slated to release earnings on May 2, has an Earnings ESP of +1.77%. DD currently carries a Zacks Rank #3. Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Albemarle Corporation (ALB) : Free Stock Analysis Report Pan American Silver Corp. (PAAS) : 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 DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Albemarle Corporation (ALB) : Free Stock Analysis Report Pan American Silver Corp. (PAAS) : 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, slated to release earnings on May 2, has an Earnings ESP of +1.77%. DD currently carries a Zacks Rank #3.
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Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Albemarle Corporation (ALB) : Free Stock Analysis Report Pan American Silver Corp. (PAAS) : 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, slated to release earnings on May 2, has an Earnings ESP of +1.77%. DD currently carries a Zacks Rank #3.
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Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Albemarle Corporation (ALB) : Free Stock Analysis Report Pan American Silver Corp. (PAAS) : 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, slated to release earnings on May 2, has an Earnings ESP of +1.77%. DD currently carries a Zacks Rank #3.
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e1611ffb-685f-45aa-bee8-a66cb6bbb29f
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715851.0
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2023-04-27 00:00:00 UTC
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Germany may restrict export of chip chemicals to China - Bloomberg
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DD
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https://www.nasdaq.com/articles/germany-may-restrict-export-of-chip-chemicals-to-china-bloomberg
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nan
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nan
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Adds details, background
FRANKFURT, April 27 (Reuters) - Germany may limit the export of chemicals to China that are used to manufacture semiconductors as part of the government's efforts to reduce its economic exposure to the Asian economic superpower, Bloomberg news reported on Thursday.
The move was still in the early stages of discussion but officials taking part in the talks were aware that such a step could damage business ties with Beijing, the report said, citing those familiar with the matter.
There was no immediate confirmation from German government ministries of the Bloomberg report, while the Chinese embassy in Berlin did not reply to a request for comment.
It would be the latest in steps under consideration by Germany as it reassesses ties with China. Chancellor Olaf Scholz's coalition government is pressing for fairer market access to its largest trading partner but is also increasingly wary of Beijing as a strategic rival.
Merck KGaA MRCG.DE and BASF BASFn.DE, two German chemicals majors who could be affected by the export curbs if implemented, declined comment. Merck KGaA shares slipped 0.5% after the report.
The quickest and most practical way to implement the export controls would be to put the respective goods and services on Germany's national dual-use list, one of the people in Bloomberg's report said.
TECHNOLOGICAL EDGE
If Germany pressed ahead with the curbs, it would be following partner countries that have taken steps with a view to cutting China off from certain supplies for micro-chip making.
The government in the Netherlands, home to semiconductor equipment makers ASM International ASMI.AS and ASML Holding ASML.AS, last month laid out plans to further restrict exports of semiconductor technology to protect national security, joining the U.S. effort to curb chip exports to China.
German Economy Minister Robert Habeck had in March suggested that Berlin could impose export restrictions to China to prevent Germany from losing its technological edge.
"Export controls with regard to technology must be constantly checked, constantly expanded and constantly updated," a government spokesperson added at the time.
Scholz's government is working on a strategy paper on China that will be rolled out later this year. Germany, and the European Union as a whole, are pushing efforts to bring more chip production on home soil by offering subsidies.
Taiwan chipmaker TSMC 2330.TW, the world's largest, is in talks to open what would be its first European plant in Germany, while U.S. chipmaker Intel Corp INTC.O announced last year had picked the German town of Magdeburg as the site for a huge new 17 billion euro chipmaking complex.
Germany has invited the Chinese premier for talks in June and Scholz in November became the first leader from the Group of Seven countries (G7) to visit Beijing since the COVID-19 pandemic.
Germany's foreign minister: Parts of China trip 'more than shocking'
(Reporting by Ludwig Burger, Andreas Rinke, Rachel More, Rahat Sandhu; Writing by Matthias Williams, editing by Emelia Sithole-Matarise)
((Rahat.Sandhu@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, background FRANKFURT, April 27 (Reuters) - Germany may limit the export of chemicals to China that are used to manufacture semiconductors as part of the government's efforts to reduce its economic exposure to the Asian economic superpower, Bloomberg news reported on Thursday. "Export controls with regard to technology must be constantly checked, constantly expanded and constantly updated," a government spokesperson added at the time. The move was still in the early stages of discussion but officials taking part in the talks were aware that such a step could damage business ties with Beijing, the report said, citing those familiar with the matter.
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"Export controls with regard to technology must be constantly checked, constantly expanded and constantly updated," a government spokesperson added at the time. Adds details, background FRANKFURT, April 27 (Reuters) - Germany may limit the export of chemicals to China that are used to manufacture semiconductors as part of the government's efforts to reduce its economic exposure to the Asian economic superpower, Bloomberg news reported on Thursday. The government in the Netherlands, home to semiconductor equipment makers ASM International ASMI.AS and ASML Holding ASML.AS, last month laid out plans to further restrict exports of semiconductor technology to protect national security, joining the U.S. effort to curb chip exports to China.
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Adds details, background FRANKFURT, April 27 (Reuters) - Germany may limit the export of chemicals to China that are used to manufacture semiconductors as part of the government's efforts to reduce its economic exposure to the Asian economic superpower, Bloomberg news reported on Thursday. "Export controls with regard to technology must be constantly checked, constantly expanded and constantly updated," a government spokesperson added at the time. The government in the Netherlands, home to semiconductor equipment makers ASM International ASMI.AS and ASML Holding ASML.AS, last month laid out plans to further restrict exports of semiconductor technology to protect national security, joining the U.S. effort to curb chip exports to China.
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Adds details, background FRANKFURT, April 27 (Reuters) - Germany may limit the export of chemicals to China that are used to manufacture semiconductors as part of the government's efforts to reduce its economic exposure to the Asian economic superpower, Bloomberg news reported on Thursday. "Export controls with regard to technology must be constantly checked, constantly expanded and constantly updated," a government spokesperson added at the time. It would be the latest in steps under consideration by Germany as it reassesses ties with China.
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bc321ef0-df20-4200-82ca-1cb586a1170b
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715852.0
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2023-04-27 00:00:00 UTC
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4 Chemical Stocks Poised to Outshine Q1 Earnings Estimates
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DD
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https://www.nasdaq.com/articles/4-chemical-stocks-poised-to-outshine-q1-earnings-estimates
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nan
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Chemical companies are expected to have benefited from firm demand across several end-use markets and the benefits of pricing and cost actions to counter continued headwinds from raw material, energy and logistics cost inflation. However, softness in certain markets, including consumer durables and building & construction, and some lingering impacts of customer inventory destocking are likely to have posed as headwinds.
The companies in this space that have reported March-quarter results so far have witnessed volume pressure from demand slowdown resulting from weaker global economic activities and the downturn in Europe amid lingering headwinds from input and energy cost inflation. A number of chemical companies are yet to report their quarterly numbers, including Albemarle Corporation ALB, DuPont de Nemours, Inc. DD, Axalta Coating Systems Ltd. AXTA and LyondellBasell Industries N.V. LYB.
How Have Things Shaped Up for These Companies?
Chemical companies’ first-quarter results are expected to reflect stable demand in several markets and pricing actions. Demand for chemicals in the automotive market remains healthy, further aided by a recovery in automotive production on improved supply of semiconductors. Moreover, demand in packaging and healthcare remains strong. The companies in this space are also seeing a recovery in demand across the aerospace and energy markets. A rebound in drilling activities on the back of an uptick in oil prices has led to the demand recovery in the energy space. However, the slowdown in the building & construction and consumer durables markets is likely to have played spoilsport.
Chemical companies are also expected to have faced margin pressure, resulting from elevated raw material costs. Supply-chain disruptions have led to a spike in raw material costs. The Russia-Ukraine conflict and new lockdowns in China following a resurgence in COVID-19 infections have put further pressure on the global supply chain. Higher energy and gas prices, especially in Europe due to the war in Ukraine, have also pushed up the production costs of chemicals and affected demand in that region. The lingering impacts of these headwinds are likely to reflect on the chemical companies’ first-quarter performance. Unfavorable currency swings driven by a stronger dollar are also likely to have been a drag on their performance.
Nevertheless, the benefits of self-help actions, including actions to raise the selling prices of chemical products to counter the cost inflation and tightness in the supply chain, productivity improvement measures and operational efficiency improvement, might reflect on the results of the companies in this space.
Expectations for Q1
The chemical industry is housed within the broader Zacks Basic Materials sector. Basic Materials is among the sectors that are expected to witness a decline in earnings on a year-over-year basis in the first quarter. Overall earnings for the sector are projected to decline 36.1% on 10.4% lower revenues, per the latest Earnings Trends report.
How to Pick Winners?
Given the large number of players operating in the chemical space, picking the right stocks is apparently not an easy task. But our proprietary methodology makes it fairly simple. One can trim the list with the combination of a favorable Zacks Rank — Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) — and a positive Zacks Earnings ESP. You can uncover the best stocks to buy or sell before they report with our Earnings ESP Filter.
Earnings ESP — the percentage difference between the Most Accurate Estimate and the Zacks Consensus Estimate — is our proprietary methodology for determining stocks that have high chances of delivering earnings surprises in their next announcements. Our research shows that for stocks with this combination, the chance of a positive earnings surprise is as much as 70%.
Our Choices
Below, we list four chemical stocks that have the right combination of elements to pull off an earnings surprise this time around:
Albemarle has an Earnings ESP of +0.80% and carries a Zacks Rank #3. The company is scheduled to report on May 3.
Albemarle surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average being 15.7%. The Zacks Consensus Estimate for first-quarter earnings is pegged at $6.93, indicating a rise of 191.2% from the prior-year quarter. ALB is likely to have benefited from higher volumes in its lithium business on higher customer demand. Higher lithium prices are also likely to have supported its performance. Its cost-saving and productivity initiatives are also expected to have supported margins.
Albemarle Corporation Price and EPS Surprise
Albemarle Corporation price-eps-surprise | Albemarle Corporation Quote
DuPont has an Earnings ESP of +1.77% and a Zacks Rank #3. It is slated to report on May 2. You can see the complete list of today’s Zacks #1 Rank stocks here.
DuPont surpassed the Zacks Consensus Estimate in each of the trailing four quarters. The company has a trailing four-quarter earnings surprise of roughly 13.8%, on average. The Zacks Consensus Estimate for first-quarter earnings stands at 81 cents. DD is expected to have gained from healthy underlying demand in a number of end markets, including water and general industrial. Actions to implement strategic price increases in the wake of raw material and energy cost inflation are also likely to have aided its margins. Benefits from innovation and cost synergy savings as well as productivity improvement actions are also expected to reflect on its performance.
DuPont de Nemours, Inc. Price and EPS Surprise
DuPont de Nemours, Inc. price-eps-surprise | DuPont de Nemours, Inc. Quote
Axalta Coating Systems has an Earnings ESP of +4.35% and a Zacks Rank #3. It is scheduled to report on May 2.
Axalta surpassed the Zacks Consensus Estimate in three of the trailing four quarters and delivered in-line results on the other occasion. The company has a trailing four-quarter earnings surprise of roughly 6.8%, on average. The consensus estimate for first-quarter earnings is pegged at 31 cents. AXTA is expected to have benefited from higher average price and improved volumes. The results in its Performance Coatings segment are likely to have been aided by price and product mix benefits. Continued momentum in refinish is expected to have offset weakness in industrial markets. Mobility Coatings sales are also likely to have been driven by a recovery in global automotive production and strong pricing.
Axalta Coating Systems Ltd. Price and EPS Surprise
Axalta Coating Systems Ltd. price-eps-surprise | Axalta Coating Systems Ltd. Quote
LyondellBasell has an Earnings ESP of +1.99% and carries a Zacks Rank #3. It is slated to report on Apr 28.
LyondellBasell surpassed the Zacks Consensus Estimate in three of the trailing four quarters, while missing once. The company has a trailing four-quarter earnings surprise of roughly 1%, on average. The Zacks Consensus Estimate for first-quarter earnings stands at $1.80. LYB’s first-quarter results are likely to reflect the benefits of moderate levels of energy and feedstock prices. It is expected to have witnessed stable demand from consumer packaging, oxyfuels and refining markets. Oxyfuel margins are expected to have remained strong in the first quarter on lower feedstock costs.
LyondellBasell Industries N.V. Price and EPS Surprise
LyondellBasell Industries N.V. price-eps-surprise | LyondellBasell Industries N.V. Quote
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Top 5 ChatGPT Stocks Revealed
Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”
Download Free ChatGPT Stock Report Right Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report
Albemarle Corporation (ALB) : Free Stock Analysis Report
LyondellBasell Industries N.V. (LYB) : 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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A number of chemical companies are yet to report their quarterly numbers, including Albemarle Corporation ALB, DuPont de Nemours, Inc. DD, Axalta Coating Systems Ltd. AXTA and LyondellBasell Industries N.V. LYB. DD is expected to have gained from healthy underlying demand in a number of end markets, including water and general industrial. Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Albemarle Corporation (ALB) : Free Stock Analysis Report LyondellBasell Industries N.V. (LYB) : 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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A number of chemical companies are yet to report their quarterly numbers, including Albemarle Corporation ALB, DuPont de Nemours, Inc. DD, Axalta Coating Systems Ltd. AXTA and LyondellBasell Industries N.V. LYB. Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Albemarle Corporation (ALB) : Free Stock Analysis Report LyondellBasell Industries N.V. (LYB) : Free Stock Analysis Report Axalta Coating Systems Ltd. (AXTA) : Free Stock Analysis Report To read this article on Zacks.com click here. DD is expected to have gained from healthy underlying demand in a number of end markets, including water and general industrial.
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Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Albemarle Corporation (ALB) : Free Stock Analysis Report LyondellBasell Industries N.V. (LYB) : Free Stock Analysis Report Axalta Coating Systems Ltd. (AXTA) : Free Stock Analysis Report To read this article on Zacks.com click here. A number of chemical companies are yet to report their quarterly numbers, including Albemarle Corporation ALB, DuPont de Nemours, Inc. DD, Axalta Coating Systems Ltd. AXTA and LyondellBasell Industries N.V. LYB. DD is expected to have gained from healthy underlying demand in a number of end markets, including water and general industrial.
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A number of chemical companies are yet to report their quarterly numbers, including Albemarle Corporation ALB, DuPont de Nemours, Inc. DD, Axalta Coating Systems Ltd. AXTA and LyondellBasell Industries N.V. LYB. DD is expected to have gained from healthy underlying demand in a number of end markets, including water and general industrial. Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Albemarle Corporation (ALB) : Free Stock Analysis Report LyondellBasell Industries N.V. (LYB) : 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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deb6d953-0228-4bf0-b94a-88bb219febf0
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715853.0
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2023-04-26 00:00:00 UTC
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Noteworthy Wednesday Option Activity: PNC, DD, EA
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DD
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https://www.nasdaq.com/articles/noteworthy-wednesday-option-activity%3A-pnc-dd-ea
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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 PNC Financial Services Group (Symbol: PNC), where a total of 22,747 contracts have traded so far, representing approximately 2.3 million underlying shares. That amounts to about 52.2% of PNC's average daily trading volume over the past month of 4.4 million shares. Particularly high volume was seen for the $130 strike call option expiring May 19, 2023, with 4,828 contracts trading so far today, representing approximately 482,800 underlying shares of PNC. Below is a chart showing PNC's trailing twelve month trading history, with the $130 strike highlighted in orange:
DuPont (Symbol: DD) options are showing a volume of 14,055 contracts thus far today. That number of contracts represents approximately 1.4 million underlying shares, working out to a sizeable 51.1% of DD's average daily trading volume over the past month, of 2.7 million shares. Especially high volume was seen for the $71 strike call option expiring May 05, 2023, with 2,171 contracts trading so far today, representing approximately 217,100 underlying shares of DD. Below is a chart showing DD's trailing twelve month trading history, with the $71 strike highlighted in orange:
And Electronic Arts, Inc. (Symbol: EA) options are showing a volume of 8,285 contracts thus far today. That number of contracts represents approximately 828,500 underlying shares, working out to a sizeable 47.4% of EA's average daily trading volume over the past month, of 1.7 million shares. Particularly high volume was seen for the $115 strike put option expiring June 16, 2023, with 2,029 contracts trading so far today, representing approximately 202,900 underlying shares of EA. Below is a chart showing EA's trailing twelve month trading history, with the $115 strike highlighted in orange:
For the various different available expirations for PNC options, DD options, or EA options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Railroads Dividend Stocks
IQ Stock Predictions
ARP 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 $71 strike call option expiring May 05, 2023, with 2,171 contracts trading so far today, representing approximately 217,100 underlying shares of DD. Below is a chart showing PNC's trailing twelve month trading history, with the $130 strike highlighted in orange: DuPont (Symbol: DD) options are showing a volume of 14,055 contracts thus far today. That number of contracts represents approximately 1.4 million underlying shares, working out to a sizeable 51.1% of DD's average daily trading volume over the past month, of 2.7 million shares.
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Below is a chart showing PNC's trailing twelve month trading history, with the $130 strike highlighted in orange: DuPont (Symbol: DD) options are showing a volume of 14,055 contracts thus far today. That number of contracts represents approximately 1.4 million underlying shares, working out to a sizeable 51.1% of DD's average daily trading volume over the past month, of 2.7 million shares. Especially high volume was seen for the $71 strike call option expiring May 05, 2023, with 2,171 contracts trading so far today, representing approximately 217,100 underlying shares of DD.
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That number of contracts represents approximately 1.4 million underlying shares, working out to a sizeable 51.1% of DD's average daily trading volume over the past month, of 2.7 million shares. Below is a chart showing EA's trailing twelve month trading history, with the $115 strike highlighted in orange: For the various different available expirations for PNC options, DD options, or EA options, visit StockOptionsChannel.com. Below is a chart showing PNC's trailing twelve month trading history, with the $130 strike highlighted in orange: DuPont (Symbol: DD) options are showing a volume of 14,055 contracts thus far today.
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Below is a chart showing EA's trailing twelve month trading history, with the $115 strike highlighted in orange: For the various different available expirations for PNC options, DD options, or EA options, visit StockOptionsChannel.com. Below is a chart showing PNC's trailing twelve month trading history, with the $130 strike highlighted in orange: DuPont (Symbol: DD) options are showing a volume of 14,055 contracts thus far today. That number of contracts represents approximately 1.4 million underlying shares, working out to a sizeable 51.1% of DD's average daily trading volume over the past month, of 2.7 million shares.
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705c40cd-920f-41b2-9519-09a50a9d28fb
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715854.0
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2023-04-26 00:00:00 UTC
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Earnings Preview: Innospec (IOSP) Q1 Earnings Expected to Decline
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DD
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https://www.nasdaq.com/articles/earnings-preview%3A-innospec-iosp-q1-earnings-expected-to-decline
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nan
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Innospec (IOSP) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The earnings report, which is expected to be released on May 3, 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 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 company is expected to post quarterly earnings of $1.19 per share in its upcoming report, which represents a year-over-year change of -22.2%.
Revenues are expected to be $502.9 million, up 6.5% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has been revised 1.84% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that 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 Innospec?
For Innospec, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination makes it difficult to conclusively predict that Innospec 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 Innospec would post earnings of $1.37 per share when it actually produced earnings of $1.20, delivering a surprise of -12.41%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
Bottom Line
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Innospec 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
Among the stocks in the Zacks Chemical - Diversified industry, DuPont de Nemours (DD) is soon expected to post earnings of $0.81 per share for the quarter ended March 2023. This estimate indicates a year-over-year change of -1.2%. This quarter's revenue is expected to be $2.94 billion, down 10.3% from the year-ago quarter.
Over the last 30 days, the consensus EPS estimate for DuPont de Nemours has been revised 0.8% down to the current level. Nevertheless, the company now has an Earnings ESP of 1.77%, reflecting a higher Most Accurate Estimate.
When combined with a Zacks Rank of #3 (Hold), this Earnings ESP indicates that DuPont de Nemours will most likely beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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
Innospec Inc. (IOSP) : Free Stock Analysis 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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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. Expected Results of an Industry Player Among the stocks in the Zacks Chemical - Diversified industry, DuPont de Nemours (DD) is soon expected to post earnings of $0.81 per share for the quarter ended March 2023.
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Expected Results of an Industry Player Among the stocks in the Zacks Chemical - Diversified industry, DuPont de Nemours (DD) is soon expected to post earnings of $0.81 per share for the quarter ended March 2023. Click to get this free report Innospec Inc. (IOSP) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report To read this article on Zacks.com click here. 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.
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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. Expected Results of an Industry Player Among the stocks in the Zacks Chemical - Diversified industry, DuPont de Nemours (DD) is soon expected to post earnings of $0.81 per share for the quarter ended March 2023.
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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. Expected Results of an Industry Player Among the stocks in the Zacks Chemical - Diversified industry, DuPont de Nemours (DD) is soon expected to post earnings of $0.81 per share for the quarter ended March 2023.
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880e80fa-7414-4b8d-9392-8e1f5600e65f
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715855.0
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2023-04-25 00:00:00 UTC
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Stepan Co. (SCL) Misses Q1 Earnings Estimates
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DD
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https://www.nasdaq.com/articles/stepan-co.-scl-misses-q1-earnings-estimates
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nan
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nan
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Stepan Co. (SCL) came out with quarterly earnings of $0.71 per share, missing the Zacks Consensus Estimate of $0.94 per share. This compares to earnings of $1.76 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -24.47%. A quarter ago, it was expected that this specialty chemicals company would post earnings of $0.54 per share when it actually produced earnings of $0.59, delivering a surprise of 9.26%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Stepan Co., which belongs to the Zacks Chemical - Diversified industry, posted revenues of $651.44 million for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 0.26%. This compares to year-ago revenues of $675.28 million. 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.
Stepan Co. Shares have lost about 6.7% since the beginning of the year versus the S&P 500's gain of 7.8%.
What's Next for Stepan Co.
While Stepan Co. 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 Stepan Co. 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 #5 (Strong 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 $1.71 on $670.33 million in revenues for the coming quarter and $5.41 on $2.66 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 27% 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.
One other stock from the same industry, DuPont de Nemours (DD), is yet to report results for the quarter ended March 2023. The results are expected to be released on May 2.
This specialty chemicals maker is expected to post quarterly earnings of $0.81 per share in its upcoming report, which represents a year-over-year change of -1.2%. The consensus EPS estimate for the quarter has been revised 0.8% lower over the last 30 days to the current level.
DuPont de Nemours' revenues are expected to be $2.94 billion, down 10.3% from the year-ago quarter.
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
Stepan Company (SCL) : Free Stock Analysis 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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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. One other stock from the same industry, DuPont de Nemours (DD), is yet to report results for the quarter ended March 2023. Click to get this free report Stepan Company (SCL) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report Stepan Company (SCL) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report To read this article on Zacks.com click here. 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. One other stock from the same industry, DuPont de Nemours (DD), is yet to report results for the quarter ended March 2023.
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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. One other stock from the same industry, DuPont de Nemours (DD), is yet to report results for the quarter ended March 2023. Click to get this free report Stepan Company (SCL) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report To read this article on Zacks.com click here.
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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. One other stock from the same industry, DuPont de Nemours (DD), is yet to report results for the quarter ended March 2023. Click to get this free report Stepan Company (SCL) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report To read this article on Zacks.com click here.
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96136d42-45e3-4b37-8e13-01dbae107e1d
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715856.0
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2023-04-25 00:00:00 UTC
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Unusual Put Option Trade in DuPont de Nemours (DD) Worth $160.37K
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DD
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https://www.nasdaq.com/articles/unusual-put-option-trade-in-dupont-de-nemours-dd-worth-%24160.37k
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nan
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nan
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On April 25, 2023 at 14:57:09 ET an unusually large $160.37K block of Put contracts in DuPont de Nemours (DD) was bought, with a strike price of $68.00 / share, expiring in 10 day(s) (on May 5, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.09 sigmas above the mean, placing it in the 85.55th percentile of all recent large trades made in DD options.
This trade was first picked up on Fintel's real time Options Flow tool, where unusual option trades are highlighted.
What is the Fund Sentiment?
There are 2016 funds or institutions reporting positions in DuPont de Nemours. This is an increase of 89 owner(s) or 4.62% in the last quarter. Average portfolio weight of all funds dedicated to DD is 0.27%, an increase of 7.71%. Total shares owned by institutions increased in the last three months by 1.49% to 425,929K shares.
The put/call ratio of DD is 0.84, indicating a bullish outlook.
Analyst Price Forecast Suggests 22.79% Upside
As of April 24, 2023, the average one-year price target for DuPont de Nemours is $86.63. The forecasts range from a low of $76.76 to a high of $108.15. The average price target represents an increase of 22.79% from its latest reported closing price of $70.55.
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 2.64%. The projected annual non-GAAP EPS is $3.94.
What are Other Shareholders Doing?
Valley Brook Capital Group holds 4K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 0K shares, representing an increase of 100.00%.
Iowa State Bank holds 30K shares representing 0.01% ownership of the company. In it's prior filing, the firm reported owning 103K shares, representing a decrease of 246.22%. The firm decreased its portfolio allocation in DD by 99.96% over the last quarter.
Bnp Paribas Arbitrage holds 3,377K shares representing 0.74% ownership of the company. In it's prior filing, the firm reported owning 170K shares, representing an increase of 94.96%. The firm increased its portfolio allocation in DD by 2,494.75% over the last quarter.
USSPX - 500 Index Fund -Member Shares holds 138K shares representing 0.03% ownership of the company. In it's prior filing, the firm reported owning 197K shares, representing a decrease of 43.38%. The firm decreased its portfolio allocation in DD by 5.01% over the last quarter.
Eisler Capital holds 97K shares representing 0.02% ownership of the company. In it's prior filing, the firm reported owning 219K shares, representing a decrease of 125.61%. The firm decreased its portfolio allocation in DD by 43.74% 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.
See all DuPont de Nemours regulatory filings.
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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On April 25, 2023 at 14:57:09 ET an unusually large $160.37K block of Put contracts in DuPont de Nemours (DD) was bought, with a strike price of $68.00 / share, expiring in 10 day(s) (on May 5, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.09 sigmas above the mean, placing it in the 85.55th percentile of all recent large trades made in DD options. Average portfolio weight of all funds dedicated to DD is 0.27%, an increase of 7.71%.
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On April 25, 2023 at 14:57:09 ET an unusually large $160.37K block of Put contracts in DuPont de Nemours (DD) was bought, with a strike price of $68.00 / share, expiring in 10 day(s) (on May 5, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.09 sigmas above the mean, placing it in the 85.55th percentile of all recent large trades made in DD options. Average portfolio weight of all funds dedicated to DD is 0.27%, an increase of 7.71%.
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On April 25, 2023 at 14:57:09 ET an unusually large $160.37K block of Put contracts in DuPont de Nemours (DD) was bought, with a strike price of $68.00 / share, expiring in 10 day(s) (on May 5, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.09 sigmas above the mean, placing it in the 85.55th percentile of all recent large trades made in DD options. Average portfolio weight of all funds dedicated to DD is 0.27%, an increase of 7.71%.
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On April 25, 2023 at 14:57:09 ET an unusually large $160.37K block of Put contracts in DuPont de Nemours (DD) was bought, with a strike price of $68.00 / share, expiring in 10 day(s) (on May 5, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.09 sigmas above the mean, placing it in the 85.55th percentile of all recent large trades made in DD options. Average portfolio weight of all funds dedicated to DD is 0.27%, an increase of 7.71%.
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0674fe9f-87a2-487b-99e1-c91448b52fb5
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715857.0
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2023-04-25 00:00:00 UTC
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DuPont de Nemours (DD) Expected to Beat Earnings Estimates: Should You Buy?
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DD
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https://www.nasdaq.com/articles/dupont-de-nemours-dd-expected-to-beat-earnings-estimates%3A-should-you-buy
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nan
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nan
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Wall Street expects a year-over-year decline in earnings on lower revenues when DuPont de Nemours (DD) reports results for the quarter ended March 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 2. 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 $0.81 per share in its upcoming report, which represents a year-over-year change of -1.2%.
Revenues are expected to be $2.94 billion, down 10.3% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has been revised 0.76% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Earnings Whisper
Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. 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 +1.77%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination indicates that DuPont de Nemours will most likely 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 $0.79 per share when it actually produced earnings of $0.89, delivering a surprise of +12.66%.
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 appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
An Industry Player's Expected Results
LyondellBasell (LYB), another stock in the Zacks Chemical - Diversified industry, is expected to report earnings per share of $1.80 for the quarter ended March 2023. This estimate points to a year-over-year change of -55%. Revenues for the quarter are expected to be $10.35 billion, down 21.3% from the year-ago quarter.
Over the last 30 days, the consensus EPS estimate for LyondellBasell has been revised 6.6% down to the current level. Nevertheless, the company now has an Earnings ESP of 1.99%, reflecting a higher Most Accurate Estimate.
This Earnings ESP, combined with its Zacks Rank #3 (Hold), suggests that LyondellBasell will most likely beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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
LyondellBasell Industries N.V. (LYB) : 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 decline in earnings on lower revenues when DuPont de Nemours (DD) reports results for the quarter ended March 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 LyondellBasell Industries N.V. (LYB) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Wall Street expects a year-over-year decline in earnings on lower revenues when DuPont de Nemours (DD) reports results for the quarter ended March 2023. Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report LyondellBasell Industries N.V. (LYB) : 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 decline in earnings on lower revenues when DuPont de Nemours (DD) reports results for the quarter ended March 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 LyondellBasell Industries N.V. (LYB) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Wall Street expects a year-over-year decline in earnings on lower revenues when DuPont de Nemours (DD) reports results for the quarter ended March 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 LyondellBasell Industries N.V. (LYB) : Free Stock Analysis Report To read this article on Zacks.com click here.
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2cfce4df-597a-4387-9f73-92b1d45fe4cb
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715858.0
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2023-04-24 00:00:00 UTC
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Here's What To Expect From Corning's Q1
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DD
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https://www.nasdaq.com/articles/heres-what-to-expect-from-cornings-q1
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nan
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nan
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Corning (NYSE: GLW) is scheduled to report its Q1 2023 results on Tuesday, April 25. We expect the company to post revenue and earnings in line with the street expectations. Although the company has benefited from 5G expansion and cloud computing in recent quarters, it expects the overall top line to be weighed down by the lockdowns in China. Furthermore, we believe GLW stock has little room for growth, as discussed below. Our interactive dashboard analysis of Corning Earnings Preview has additional details.
(1) Revenues expected to be in line with the consensus estimates
Trefis estimates Corning’s Q1 2023 revenues to be around $3.35 billion, reflecting a high single-digit y-o-y decline and aligning with the consensus estimate.
Corning should continue to benefit from higher panel maker utilization and pricing actions, likely offset by lower volume and the impact of China lockdowns. Lower demand in the smartphone, notebook, and tablet markets may add to its woes.
Looking back at Q4 2022, Corning’s revenues declined 7% y-o-y to $3.4 billion, primarily due to a 17% fall in Display Technologies segment sales.
Our dashboard on Corning’s Revenues offers more details on the company’s segments.
(2) EPS likely to align with the consensus estimates
Corning’s Q1 2023 earnings per share (EPS) is expected to be $0.39 per Trefis analysis, aligning with the consensus estimate but lower than the $0.54 figure seen in the prior year quarter.
Corning’s adjusted net income of $402 million in Q4 2022 reflected a 14% fall from its $465 million figure in the prior-year quarter. This can be attributed to lower revenues and a 220 bps operating margin contraction.
For the full-year 2023, we expect the adjusted EPS to be at $2.10, compared to $2.09 in 2022.
(3) GLW stock has little room for growth
We estimate Corning’s Valuation to be around $37 per share, 8% above the current market price of $34.
This represents a forward P/E multiple of 18x based on our EPS estimate of $2.10 for 2023, compared to the last three-year average of 19x.
However, if the company reports upbeat Q1 results and provides a 2023 outlook better than the street estimates, the P/E multiple will likely be revised upward, resulting in higher levels for GLW stock.
Note: P/E Multiples are based on Share Price at the end of the year and reported (or expected) Earnings for the full year
While GLW stock looks like it has 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 3M vs. AGCO.
Despite higher inflation and the Fed raising interest rates, GLW stock has risen 4% 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 more balanced portfolio instead? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016.
Returns Apr 2023
MTD [1] 2023
YTD [1] 2017-23
Total [2]
GLW Return -5% 5% 38%
S&P 500 Return 0% 7% 84%
Trefis Multi-Strategy Portfolio 2% 10% 245%
[1] Month-to-date and year-to-date as of 4/21/2023
[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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Our interactive dashboard analysis of Corning Earnings Preview has additional details. Lower demand in the smartphone, notebook, and tablet markets may add to its woes. Although the company has benefited from 5G expansion and cloud computing in recent quarters, it expects the overall top line to be weighed down by the lockdowns in China.
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Our interactive dashboard analysis of Corning Earnings Preview has additional details. Lower demand in the smartphone, notebook, and tablet markets may add to its woes. (1) Revenues expected to be in line with the consensus estimates Trefis estimates Corning’s Q1 2023 revenues to be around $3.35 billion, reflecting a high single-digit y-o-y decline and aligning with the consensus estimate.
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Our interactive dashboard analysis of Corning Earnings Preview has additional details. Lower demand in the smartphone, notebook, and tablet markets may add to its woes. (1) Revenues expected to be in line with the consensus estimates Trefis estimates Corning’s Q1 2023 revenues to be around $3.35 billion, reflecting a high single-digit y-o-y decline and aligning with the consensus estimate.
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Our interactive dashboard analysis of Corning Earnings Preview has additional details. Lower demand in the smartphone, notebook, and tablet markets may add to its woes. (2) EPS likely to align with the consensus estimates Corning’s Q1 2023 earnings per share (EPS) is expected to be $0.39 per Trefis analysis, aligning with the consensus estimate but lower than the $0.54 figure seen in the prior year quarter.
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4682b41b-bc37-45b1-bf37-256d1cb468a8
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715859.0
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2023-04-20 00:00:00 UTC
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DuPont de Nemours (DD) Declares $0.36 Dividend
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DD
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https://www.nasdaq.com/articles/dupont-de-nemours-dd-declares-%240.36-dividend
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nan
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nan
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DuPont de Nemours said on April 19, 2023 that its board of directors declared a regular quarterly dividend of $0.36 per share ($1.44 annualized). Previously, the company paid $0.33 per share.
Shares must be purchased before the ex-div date of May 30, 2023 to qualify for the dividend. Shareholders of record as of May 31, 2023 will receive the payment on June 15, 2023.
At the current share price of $71.21 / share, the stock's dividend yield is 2.02%. Looking back five years and taking a sample every week, the average dividend yield has been 2.23%, the lowest has been 1.41%, and the highest has been 4.66%. The standard deviation of yields is 0.94 (n=145).
The current dividend yield is 0.23 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.11. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
Learn to Harvest Dividends
Buy Stock. Capture Dividend. Sell Stock. Repeat. This is the essence of dividend harvesting and you can do it easily with Fintel's Dividend Capture Calendar.
What is the Fund Sentiment?
There are 2014 funds or institutions reporting positions in DuPont de Nemours. This is an increase of 88 owner(s) or 4.57% in the last quarter. Average portfolio weight of all funds dedicated to DD is 0.27%, an increase of 7.39%. Total shares owned by institutions increased in the last three months by 1.41% to 425,858K shares.
The put/call ratio of DD is 0.84, indicating a bullish outlook.
Analyst Price Forecast Suggests 22.26% Upside
As of April 6, 2023, the average one-year price target for DuPont de Nemours is $87.06. The forecasts range from a low of $76.76 to a high of $108.15. The average price target represents an increase of 22.26% from its latest reported closing price of $71.21.
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 2.64%. The projected annual non-GAAP EPS is $3.94.
What are Other Shareholders Doing?
Beaton Management holds 11K shares representing 0.00% ownership of the company. No change in the last quarter.
Pictet Asset Management holds 200K shares representing 0.04% ownership of the company. In it's prior filing, the firm reported owning 201K shares, representing a decrease of 0.52%. The firm increased its portfolio allocation in DD by 12.76% over the last quarter.
ILCV - iShares Morningstar Large-Cap Value ETF holds 22K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 28K shares, representing a decrease of 31.96%. The firm increased its portfolio allocation in DD by 11.04% over the last quarter.
Merewether Investment Management holds 260K shares representing 0.06% ownership of the company.
USPX - Franklin LibertyQ Global Equity ETF holds 9K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 13K shares, representing a decrease of 47.89%. The firm decreased its portfolio allocation in DD by 7.91% 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.
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, the company's dividend payout ratio is 0.11. Average portfolio weight of all funds dedicated to DD is 0.27%, an increase of 7.39%. The put/call ratio of DD is 0.84, indicating a bullish outlook.
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Additionally, the company's dividend payout ratio is 0.11. Average portfolio weight of all funds dedicated to DD is 0.27%, an increase of 7.39%. The put/call ratio of DD is 0.84, indicating a bullish outlook.
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Additionally, the company's dividend payout ratio is 0.11. Average portfolio weight of all funds dedicated to DD is 0.27%, an increase of 7.39%. The put/call ratio of DD is 0.84, indicating a bullish outlook.
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Additionally, the company's dividend payout ratio is 0.11. Average portfolio weight of all funds dedicated to DD is 0.27%, an increase of 7.39%. The put/call ratio of DD is 0.84, indicating a bullish outlook.
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89961b8d-dc94-4306-804f-b8d43a4d093a
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715860.0
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2023-04-20 00:00:00 UTC
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Will DuPont de Nemours (DD) Beat Estimates Again in Its Next Earnings Report?
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DD
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https://www.nasdaq.com/articles/will-dupont-de-nemours-dd-beat-estimates-again-in-its-next-earnings-report
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nan
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nan
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Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering DuPont de Nemours (DD), which belongs to the Zacks Chemical - Diversified industry.
This specialty chemicals maker has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 6.95%.
For the most recent quarter, DuPont de Nemours was expected to post earnings of $0.79 per share, but it reported $0.89 per share instead, representing a surprise of 12.66%. For the previous quarter, the consensus estimate was $0.81 per share, while it actually produced $0.82 per share, a surprise of 1.23%.
Price and EPS Surprise
For DuPont de Nemours, estimates have been trending higher, thanks in part to this earnings surprise history. And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. 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.
DuPont de Nemours currently has an Earnings ESP of +1.77%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #3 (Hold) indicates that another beat is possibly around the corner. We expect the company's next earnings report to be released on May 2, 2023.
Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive power of this metric.
Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
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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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It is worth considering DuPont de Nemours (DD), which belongs to the Zacks Chemical - Diversified industry. Additionally, some stocks may remain stable even if they end up missing the consensus estimate. Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success.
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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. It is worth considering DuPont de Nemours (DD), which belongs to the Zacks Chemical - Diversified industry. Additionally, some stocks may remain stable even if they end up missing the consensus estimate.
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It is worth considering DuPont de Nemours (DD), which belongs to the Zacks Chemical - Diversified industry. Additionally, some stocks may remain stable even if they end up missing the consensus estimate. Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success.
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It is worth considering DuPont de Nemours (DD), which belongs to the Zacks Chemical - Diversified industry. Additionally, some stocks may remain stable even if they end up missing the consensus estimate. Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success.
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2d10bb6c-7ebd-4796-a964-f08126c023b4
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715861.0
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2023-04-20 00:00:00 UTC
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Interesting DD Put And Call Options For June 16th
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DD
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https://www.nasdaq.com/articles/interesting-dd-put-and-call-options-for-june-16th
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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 June 16th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new June 16th 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 $2.30. 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 $67.70 (before broker commissions). To an investor already interested in purchasing shares of DD, that could represent an attractive alternative to paying $70.90/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 3.29% return on the cash commitment, or 21.04% 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 $2.05. If an investor was to purchase shares of DD stock at the current price level of $70.90/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 5.15% if the stock gets called away at the June 16th 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 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 2.89% boost of extra return to the investor, or 18.52% 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 $70.90) to be 31%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
Also see:
David Einhorn Stock Picks
Funds Holding BRT
TIOA Average Annual Return
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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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 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 $72.50 strike highlighted in red: Considering the fact that the $72.50 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 begin trading today, for the June 16th 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 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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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 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 begin trading today, for the June 16th expiration.
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4c5b83e4-2cc8-4399-8a29-df4a82b935de
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715862.0
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2023-04-20 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-1
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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
Factor-Based Stock Portfolios
Factor-Based ETF Portfolios
Harry Browne Permanent Portfolio
Ray Dalio All Weather Portfolio
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 Factor-Based Stock Portfolios Factor-Based ETF Portfolios Harry Browne Permanent Portfolio Ray Dalio All Weather Portfolio 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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b5f5ed76-cd20-4ef6-8d0a-d6382d334341
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715863.0
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2023-04-20 00:00:00 UTC
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The Implied Analyst 12-Month Target For FEX
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DD
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https://www.nasdaq.com/articles/the-implied-analyst-12-month-target-for-fex
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nan
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nan
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the First Trust Large Cap Core AlphaDEX Fund ETF (Symbol: FEX), we found that the implied analyst target price for the ETF based upon its underlying holdings is $92.90 per unit.
With FEX trading at a recent price near $81.26 per unit, that means that analysts see 14.32% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of FEX's underlying holdings with notable upside to their analyst target prices are Carlyle Group Inc (Symbol: CG), DuPont de Nemours Inc (Symbol: DD), and Mosaic Co (Symbol: MOS). Although CG has traded at a recent price of $31.49/share, the average analyst target is 35.19% higher at $42.57/share. Similarly, DD has 17.96% upside from the recent share price of $71.21 if the average analyst target price of $84.00/share is reached, and analysts on average are expecting MOS to reach a target price of $53.25/share, which is 17.19% above the recent price of $45.44. Below is a twelve month price history chart comparing the stock performance of CG, DD, and MOS:
Below is a summary table of the current analyst target prices discussed above:
NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
First Trust Large Cap Core AlphaDEX Fund ETF FEX $81.26 $92.90 14.32%
Carlyle Group Inc CG $31.49 $42.57 35.19%
DuPont de Nemours Inc DD $71.21 $84.00 17.96%
Mosaic Co MOS $45.44 $53.25 17.19%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
Also see:
Historical Stock Price
SSRM Dividend Growth Rate
Funds Holding NJV
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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First Trust Large Cap Core AlphaDEX Fund ETF FEX $81.26 $92.90 14.32% Carlyle Group Inc CG $31.49 $42.57 35.19% DuPont de Nemours Inc DD $71.21 $84.00 17.96% Mosaic Co MOS $45.44 $53.25 17.19% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of FEX's underlying holdings with notable upside to their analyst target prices are Carlyle Group Inc (Symbol: CG), DuPont de Nemours Inc (Symbol: DD), and Mosaic Co (Symbol: MOS). Similarly, DD has 17.96% upside from the recent share price of $71.21 if the average analyst target price of $84.00/share is reached, and analysts on average are expecting MOS to reach a target price of $53.25/share, which is 17.19% above the recent price of $45.44.
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Three of FEX's underlying holdings with notable upside to their analyst target prices are Carlyle Group Inc (Symbol: CG), DuPont de Nemours Inc (Symbol: DD), and Mosaic Co (Symbol: MOS). First Trust Large Cap Core AlphaDEX Fund ETF FEX $81.26 $92.90 14.32% Carlyle Group Inc CG $31.49 $42.57 35.19% DuPont de Nemours Inc DD $71.21 $84.00 17.96% Mosaic Co MOS $45.44 $53.25 17.19% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Similarly, DD has 17.96% upside from the recent share price of $71.21 if the average analyst target price of $84.00/share is reached, and analysts on average are expecting MOS to reach a target price of $53.25/share, which is 17.19% above the recent price of $45.44.
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Similarly, DD has 17.96% upside from the recent share price of $71.21 if the average analyst target price of $84.00/share is reached, and analysts on average are expecting MOS to reach a target price of $53.25/share, which is 17.19% above the recent price of $45.44. Three of FEX's underlying holdings with notable upside to their analyst target prices are Carlyle Group Inc (Symbol: CG), DuPont de Nemours Inc (Symbol: DD), and Mosaic Co (Symbol: MOS). Below is a twelve month price history chart comparing the stock performance of CG, DD, and MOS: Below is a summary table of the current analyst target prices discussed above:
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First Trust Large Cap Core AlphaDEX Fund ETF FEX $81.26 $92.90 14.32% Carlyle Group Inc CG $31.49 $42.57 35.19% DuPont de Nemours Inc DD $71.21 $84.00 17.96% Mosaic Co MOS $45.44 $53.25 17.19% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of FEX's underlying holdings with notable upside to their analyst target prices are Carlyle Group Inc (Symbol: CG), DuPont de Nemours Inc (Symbol: DD), and Mosaic Co (Symbol: MOS). Similarly, DD has 17.96% upside from the recent share price of $71.21 if the average analyst target price of $84.00/share is reached, and analysts on average are expecting MOS to reach a target price of $53.25/share, which is 17.19% above the recent price of $45.44.
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5f53743e-1721-4376-aabe-741e7ee7cf70
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715864.0
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2023-04-19 00:00:00 UTC
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7 Low-PE Ratio Blue-Chip Stocks Offering Both Quality and Value
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DD
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https://www.nasdaq.com/articles/7-low-pe-ratio-blue-chip-stocks-offering-both-quality-and-value
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
While the concept of acquiring low-PE ratio blue-chip stocks (that is, industry-leading stalwarts that feature low price-earnings ratios relative to their sectors) appeals on paper, investors need to be cautious. You can’t just buy companies based on any one single metric. In addition, sometimes a very cheap PE can actually signal significant fundamental problems.
Instead, investors will want to consider blue-chip stocks with value – and by that, I’m talking about substantive value. Rather than targeting cheap securities because they’re cheap, you should consider good enterprises that happened to fall under bad circumstances. Over time, the cream should rise to the top. On that note, below are seven low-PE ratio blue-chip stocks that genuinely represent great deals.
MT ArcelorMittal $29.47
DD DuPont $71.21
NTR Nutrien $73.15
LH Laboratory Corp. of America $231.29
AIG American International Group $53.17
BNTX BioNTech $121.79
GM General Motors
ArcelorMittal (MT)
Source: Shutterstock
A Luxembourgish multinational steel manufacturing corporation, ArcelorMittal (NYSE:MT) might seem a risky idea low-PE ratio blue-chip stocks. After all, the steel industry tends to align with broader economic trends. However, if the economy struggles, MT might incur significant damage in the charts. Nevertheless, for those who want to live a bit dangerously, ArcelorMittal presents an intriguing framework.
Financially, MT earns its place among blue-chip stocks with value because of its attractive quantitative ratios. First, the market prices MT at a trailing multiple of 3.03. As a discount to earnings, ArcelorMittal ranks better than 90% of its peers. Additionally, MT trades at 0.48-times tangible book value. In contrast, the sector median comes out to a loftier 1.03 times.
However, these aren’t just “beauty” stats. Fundamentally, ArcelorMittal commands a return on equity (ROE) of 17.72%, ranking better than 74.19% and reflecting a high-quality enterprise. Also, the steel company benefits from solid strengths in the balance sheet, particularly a cash-to-debt ratio of 0.8 (above 66% of competitors).
Finally, analysts peg MT as a strong buy with a $35.84 average price target, implying over 19% upside potential.
DuPont (DD)
Source: Shutterstock
A multinational chemical company, DuPont (NYSE:DD) delivers everyday industrial relevance to the table. Presently, the company commands a market capitalization of nearly $33 billion, partially qualifying it as one of the low-PE ratio blue-chip stocks. Since the beginning of this year, DD gained 4% of equity value. In the trailing one-year period, it’s up over 3%.
Moving to the heart of the matter, DD definitely qualifies as one of the blue-chip stocks with low valuations thanks to its enticing multiples. Mainly, the market prices DD at a trailing multiple of 6.01. As a discount to earnings, DuPont ranks better than 90.45% of its peers. In addition, DD trades at 1.24-times book value. For context, the underlying sector median is 1.75 times.
Even better, DuPont operates an extremely high-quality enterprise, evidenced by its ROE of 22.64%. This stat ranks higher than 84.38% of competitors listed in the chemicals industry. Lastly, analysts peg DD as a consensus moderate buy. Their average price target lands at $86, implying 20% upside potential.
Nutrien (NTR)
Source: Shutterstock
Another infrastructurally relevant name among low-PE ratio blue-chip stocks, Nutrien (NYSE:NTR) is the largest producer of potash and the third largest producer of nitrogen fertilizer in the world. At the moment, Nutrien carries a market cap of 49.58 billion CAD (about $37 billion). Since the Jan. opener, NTR gained a bit over 3% of its equity value. However, in the trailing year, it’s down almost 35%.
Despite the sharp loss, NTR attracts speculators as one of the blue-chip stocks with low valuations. Specifically, the market prices NTR at a trailing multiple of 5.25. As a discount to earnings, Nutrien ranks better than nearly 83% of companies listed in the agriculture industry. Also, NTR trades at 1.43-times book value. That’s noticeably below the sector median value of 1.85 times.
Moreover, Nutrien runs a very high-quality enterprise as evidenced by its stratospheric ROE of 30.17%. Also, the company’s return on asset (ROA) pings at a lofty 14.31%. Closing out, analysts peg NTR as a consensus moderate buy. Their average price target stands at $90.88, implying 23% upside potential.
Laboratory Corp. of America (LH)
Source: Shutterstock
More commonly known as LabCorp, Laboratory Corp. of America (NYSE:LH) is healthcare company headquartered in Burlington, North Carolina. Per its public profile, LabCorp operates one of the largest clinical laboratory networks in the world. Currently, the company features a market cap of over $20 billion. Sitting among the low-PE ratio blue-chip stocks, that status stems in part from LH’s loss of 15% in the trailing year.
Still, despite the red ink, investors should look at the positive aspect. Right now, the market prices LH at a forward multiple of 13.32. As a discount to projected earnings, Labcorp ranks better than 63.3% of firms listed in the medical diagnostics and research sector. Notably, LH trades at 1.43-times sales, lower than about 70% of its peers. Thus, it’s easily one of the blue-chip stocks with value.
Let’s not forget that Labcorp runs a quality enterprise, resulting in an ROE of 12.4%. Also, its ROA pings at 6.3%. Both stats rank better than at least 68% of the competition. Turning to Wall Street, analysts peg LH as a consensus strong buy. Their average price target hits $286.30, implying over 24% upside potential.
American International Group (AIG)
Source: Shutterstock
A multinational finance and insurance corporation, American International Group (NYSE:AIG) operates in more than 80 countries and jurisdictions. It runs three core businesses: general insurance, life and retirement and a standalone technology-enabled subsidiary, per its public profile. Currently, AIG features a market cap of $38.5 billion. However, circumstances haven’t been so auspicious recently, with AIG losing almost 18% in the trailing year.
Nevertheless, AIG makes noise as one of the low-PE ratio blue-chip stocks. At present, the market prices AIG stock at a forward multiple of 8.36. As a discount to projected earnings, the insurance specialist ranks better than 68.12% of the competition. Also, AIG trades at 1.08-times tangible book value. In contrast, the sector median stat is 1.37 times. Thus, it holistically ranks among the blue-chip stocks with low valuations.
As well, AIG features a strong ROA of 1.86% and a blistering ROE of nearly 21%, indicating a high-quality enterprise. Looking to the Street, analysts peg AIG as a consensus moderate buy. Their average price target comes out to $66.92, implying almost 28% upside potential.
BioNTech (BNTX)
Source: Shutterstock
A biotechnology firm that rose to prominence for undergirding the race to find a Covid-19 vaccine, BioNTech (NASDAQ:BNTX) subsequently became one of the low-PE ratio blue-chip stocks. Part of the status upgrade (or is that downgrade?) centers on the pandemic. With people no longer scared of the SARS-CoV-2 virus, BioNTech lost some of its edge. Conspicuously, shares stumbled nearly 23% in the trailing one-year period.
Nevertheless, contrarians might want to consider picking up BNTX. First, it sits among the blue-chip stocks with value based on key financial ratios. First, BNTX trades at a trailing multiple of 3.14. As a discount to earnings, BioNTech ranks better than 94% of its peers. Also, BNTX trades at 1.43-times tangible book. Here, the stat falls well below the sector median of 2.62 times.
Also, on a scientific level, the high-quality biotech (which sports an ROE of 56.83%) can leverage its Covid-19 acumen to develop other critical therapeutics and vaccines. So, it’s one of the blue-chip stocks with low valuations you shouldn’t ignore. Finally, analysts peg BNTX as a consensus moderate buy. Their average price target stands at $172.30, implying nearly 40% upside potential.
General Motors (GM)
Source: Shutterstock
A leading automotive brand, General Motors (NYSE:GM) commands extraordinary relevance. Further, its aggressive pivot to electric vehicles makes it a compelling long-term idea. Despite the traction that the new-look GM generates, shares remain one of the low-PE ratio blue-chip stocks. In the trailing one-year period, GM stumbled 16%. Still, it might not be seeing red for long.
With electrification of mobility gaining ground, more people may find comfort in GM. For now, shares trade at a forward multiple of 5.62. As a discount to projected earnings, the automaker ranks better than 90.17% of the competition. Also, GM trades at 0.79-times tangible book value. In contrast, the sector median stat comes out to 1.61 times.
Featuring a high-quality enterprise with an ROE of 15.58%, GM also enjoys a profitable business. In particular, its net margin is 6.34%, outpacing 72.2% of sector players. Lastly, analysts peg GM as a consensus moderate buy. Their average price target lands at $51.67, implying over 46% upside potential.
On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare.
The post 7 Low-PE Ratio Blue-Chip Stocks Offering Both Quality and Value appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In addition, sometimes a very cheap PE can actually signal significant fundamental problems. MT ArcelorMittal $29.47 DD DuPont $71.21 NTR Nutrien $73.15 LH Laboratory Corp. of America $231.29 AIG American International Group $53.17 BNTX BioNTech $121.79 GM General Motors ArcelorMittal (MT) Source: Shutterstock A Luxembourgish multinational steel manufacturing corporation, ArcelorMittal (NYSE:MT) might seem a risky idea low-PE ratio blue-chip stocks. Additionally, MT trades at 0.48-times tangible book value.
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MT ArcelorMittal $29.47 DD DuPont $71.21 NTR Nutrien $73.15 LH Laboratory Corp. of America $231.29 AIG American International Group $53.17 BNTX BioNTech $121.79 GM General Motors ArcelorMittal (MT) Source: Shutterstock A Luxembourgish multinational steel manufacturing corporation, ArcelorMittal (NYSE:MT) might seem a risky idea low-PE ratio blue-chip stocks. DuPont (DD) Source: Shutterstock A multinational chemical company, DuPont (NYSE:DD) delivers everyday industrial relevance to the table. In addition, sometimes a very cheap PE can actually signal significant fundamental problems.
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MT ArcelorMittal $29.47 DD DuPont $71.21 NTR Nutrien $73.15 LH Laboratory Corp. of America $231.29 AIG American International Group $53.17 BNTX BioNTech $121.79 GM General Motors ArcelorMittal (MT) Source: Shutterstock A Luxembourgish multinational steel manufacturing corporation, ArcelorMittal (NYSE:MT) might seem a risky idea low-PE ratio blue-chip stocks. In addition, sometimes a very cheap PE can actually signal significant fundamental problems. Additionally, MT trades at 0.48-times tangible book value.
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Mainly, the market prices DD at a trailing multiple of 6.01. In addition, sometimes a very cheap PE can actually signal significant fundamental problems. MT ArcelorMittal $29.47 DD DuPont $71.21 NTR Nutrien $73.15 LH Laboratory Corp. of America $231.29 AIG American International Group $53.17 BNTX BioNTech $121.79 GM General Motors ArcelorMittal (MT) Source: Shutterstock A Luxembourgish multinational steel manufacturing corporation, ArcelorMittal (NYSE:MT) might seem a risky idea low-PE ratio blue-chip stocks.
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92544dc1-0afa-491a-a6c7-81c0948fd77a
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715865.0
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2023-04-19 00:00:00 UTC
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DuPont (DD) Unveils Kevlar EXO Next-Generation Aramid Fiber
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DD
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https://www.nasdaq.com/articles/dupont-dd-unveils-kevlar-exo-next-generation-aramid-fiber
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DuPont de Nemours, Inc. DD recently unveiled Kevlar EXO aramid fiber, the most significant aramid fiber innovation in more than five decades, and an entirely new technology platform designed to serve applications mandating performance and protection in the face of intense and demanding conditions. A unique combination of lightness, flexibility and protection from an aramid fiber will be made possible by Kevlar EXO, with life protection as the first of many use cases.
The company has spent over a decade developing, refining and perfecting Kevlar EXO. The result is an industry-changing technology that has raised life protection capabilities to a whole new level, DuPont noted.
Kevlar remains an innovative material behind high-performance body armor that protects those who serve. Body armor crafted from Kevlar EXO enables military and law enforcement officials to experience previously unattainable levels of ballistic protection without losing mobility or comfort. Kevlar EXO shapes to curves and body lines with unmatched pliability, offering a more body-inclusive solution while yet providing maximum protection.
Developed and tested by leading materials experts at DuPont, Kevlar EXO offers never-before-seen ballistic and thermal performance while simultaneously providing a flexible and lightweight solution that enables users to operate at peak performance. Pound for pound, Kevlar EXO users are expected to better manage energy output even during the most demanding physical tasks, whether for military personnel, law enforcement officers, private security, or emergency responders.
Shares of DuPont have gained 3.5% over the past year against a 3.8% decline of its industry.
Image Source: Zacks Investment Research
On its fourth-quarterearnings call the company stated that it expects net sales for 2023 to be between $12,300 million and $12,900 million. For the year, adjusted earnings per share are expected to range within $3.50 to $4.00.
In 2023, DuPont anticipates continued strength in water and automotive adhesives, as well as stable demand across industrial end markets, such as aerospace and healthcare applications. However, the company anticipates decreased volumes in consumer electronics and semiconductors during the first half of 2023 owing to lower consumer spending, inventory destocking and COVID-related consequences in China. It also anticipates softness in construction end markets in Water & Protection in 2023. Due to sustained weakness in these consumer-driven areas, DuPont expects organic sales to fall in the mid-single digits year over year in the first quarter.
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 Zacks Rank #3 (Hold).
Better-ranked stocks worth considering in the basic materials space include PPG Industries, Inc. PPG, Steel Dynamics, Inc. STLD and Olympic Steel, Inc. ZEUS.
PPG Industries currently carries a Zacks Rank #1 (Strong Buy). Shares of PPG have gained 9.2% in the past year. It delivered a trailing four-quarter earnings surprise of roughly 8% on average. You can see the complete list of today’s Zacks #1 Rank stocks here.
Steel Dynamics currently carries a Zacks Rank #1. Shares of STLD have gained 16.9% in the past year. It topped the Zacks Consensus Estimate in all the last four quarters. It delivered a trailing four-quarter earnings surprise of 11.32% on average.
Olympic Steel currently carries a Zacks Rank #1. Shares of ZEUS have gained 30.9% in the past year. It topped the Zacks Consensus Estimate in all the last four quarters. It delivered a trailing four-quarter earnings surprise of 26.2% on average.
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Steel Dynamics, Inc. (STLD) : Free Stock Analysis Report
PPG Industries, Inc. (PPG) : Free Stock Analysis Report
DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report
Olympic Steel, Inc. (ZEUS) : 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 unveiled Kevlar EXO aramid fiber, the most significant aramid fiber innovation in more than five decades, and an entirely new technology platform designed to serve applications mandating performance and protection in the face of intense and demanding conditions. Click to get this free report Steel Dynamics, Inc. (STLD) : Free Stock Analysis Report PPG Industries, Inc. (PPG) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Olympic Steel, Inc. (ZEUS) : Free Stock Analysis Report To read this article on Zacks.com click here. Body armor crafted from Kevlar EXO enables military and law enforcement officials to experience previously unattainable levels of ballistic protection without losing mobility or comfort.
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Click to get this free report Steel Dynamics, Inc. (STLD) : Free Stock Analysis Report PPG Industries, Inc. (PPG) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Olympic Steel, Inc. (ZEUS) : Free Stock Analysis Report To read this article on Zacks.com click here. DuPont de Nemours, Inc. DD recently unveiled Kevlar EXO aramid fiber, the most significant aramid fiber innovation in more than five decades, and an entirely new technology platform designed to serve applications mandating performance and protection in the face of intense and demanding conditions. 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 Zacks Rank #3 (Hold).
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DuPont de Nemours, Inc. DD recently unveiled Kevlar EXO aramid fiber, the most significant aramid fiber innovation in more than five decades, and an entirely new technology platform designed to serve applications mandating performance and protection in the face of intense and demanding conditions. Click to get this free report Steel Dynamics, Inc. (STLD) : Free Stock Analysis Report PPG Industries, Inc. (PPG) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Olympic Steel, Inc. (ZEUS) : Free Stock Analysis Report To read this article on Zacks.com click here. 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 Zacks Rank #3 (Hold).
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DuPont de Nemours, Inc. DD recently unveiled Kevlar EXO aramid fiber, the most significant aramid fiber innovation in more than five decades, and an entirely new technology platform designed to serve applications mandating performance and protection in the face of intense and demanding conditions. Click to get this free report Steel Dynamics, Inc. (STLD) : Free Stock Analysis Report PPG Industries, Inc. (PPG) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Olympic Steel, Inc. (ZEUS) : Free Stock Analysis Report To read this article on Zacks.com click here. Shares of DuPont have gained 3.5% over the past year against a 3.8% decline of its industry.
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9a3bb996-8083-4f82-8c64-209dad6b5821
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715866.0
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2023-04-13 00:00:00 UTC
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June 2nd Options Now Available For DuPont (DD)
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DD
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https://www.nasdaq.com/articles/june-2nd-options-now-available-for-dupont-dd
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Investors in DuPont (Symbol: DD) saw new options begin trading today, for the June 2nd expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new June 2nd 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 $2.15. 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 $67.85 (before broker commissions). To an investor already interested in purchasing shares of DD, that could represent an attractive alternative to paying $70.53/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 3.07% return on the cash commitment, or 22.42% 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 $71.00 strike price has a current bid of $2.35. If an investor was to purchase shares of DD stock at the current price level of $70.53/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $71.00. 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 June 2nd 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 $71.00 strike highlighted in red:
Considering the fact that the $71.00 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 3.33% boost of extra return to the investor, or 24.32% 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 $70.53) to be 31%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
Also see:
DISC.K shares outstanding history
Cboe Global Markets RSI
SVR 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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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 $71.00 strike highlighted in red: Considering the fact that the $71.00 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 $71.00 strike highlighted in red: Considering the fact that the $71.00 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 June 2nd 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 $71.00 strike highlighted in red: Considering the fact that the $71.00 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 June 2nd 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 $71.00 strike highlighted in red: Considering the fact that the $71.00 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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1edd0bfd-1861-4af8-a807-e71b8d6beb8e
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715867.0
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2023-04-11 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
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nan
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Fintel reports that on April 10, 2023, Barclays maintained coverage of DuPont De Nemours & (NYSE:DD) with a Equal-Weight recommendation.
Analyst Price Forecast Suggests 24.72% Upside
As of April 6, 2023, the average one-year price target for DuPont De Nemours & is $87.06. The forecasts range from a low of $76.76 to a high of $108.15. The average price target represents an increase of 24.72% from its latest reported closing price of $69.81.
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 2.64%. The projected annual non-GAAP EPS is $3.94.
What are Other Shareholders Doing?
NSFEX - Natixis Sustainable Future 2025 Fund Class N holds 0K shares representing 0.00% ownership of the company. No change in the last quarter.
Alan B. Lancz & Associates holds 2K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 0K shares, representing an increase of 100.00%.
TRANSAMERICA SERIES TRUST - Transamerica Multi-Managed Balanced VP Initial holds 24K shares representing 0.01% ownership of the company. In it's prior filing, the firm reported owning 32K shares, representing a decrease of 31.13%. The firm increased its portfolio allocation in DD by 2.05% over the last quarter.
Essex Financial Services holds 5K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 5K shares, representing an increase of 0.02%. The firm increased its portfolio allocation in DD by 21.25% over the last quarter.
CALIFORNIA FIRST LEASING holds 52K shares representing 0.01% ownership of the company. No change in the last quarter.
What is the Fund Sentiment?
There are 2016 funds or institutions reporting positions in DuPont De Nemours &. This is an increase of 99 owner(s) or 5.16% in the last quarter. Average portfolio weight of all funds dedicated to DD is 0.30%, an increase of 17.54%. Total shares owned by institutions increased in the last three months by 1.42% to 426,198K shares.
The put/call ratio of DD is 0.86, indicating a bullish outlook.
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.
See all DuPont De Nemours & regulatory filings.
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 April 10, 2023, Barclays maintained coverage of DuPont De Nemours & (NYSE:DD) with a Equal-Weight recommendation. The firm increased its portfolio allocation in DD by 2.05% over the last quarter. The firm increased its portfolio allocation in DD by 21.25% over the last quarter.
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Fintel reports that on April 10, 2023, Barclays maintained coverage of DuPont De Nemours & (NYSE:DD) with a Equal-Weight recommendation. The firm increased its portfolio allocation in DD by 2.05% over the last quarter. The firm increased its portfolio allocation in DD by 21.25% over the last quarter.
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Fintel reports that on April 10, 2023, Barclays maintained coverage of DuPont De Nemours & (NYSE:DD) with a Equal-Weight recommendation. The firm increased its portfolio allocation in DD by 2.05% over the last quarter. The firm increased its portfolio allocation in DD by 21.25% over the last quarter.
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The firm increased its portfolio allocation in DD by 2.05% over the last quarter. The firm increased its portfolio allocation in DD by 21.25% over the last quarter. Fintel reports that on April 10, 2023, Barclays maintained coverage of DuPont De Nemours & (NYSE:DD) with a Equal-Weight recommendation.
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e58064d0-52f0-4df0-b54f-5f9929c92943
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715868.0
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2023-04-06 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-0
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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 Shareholder Yield Investor model based on the published strategy of Meb Faber. This strategy looks for companies returning cash to shareholders via dividends, buybacks and debt paydown.
DUPONT DE NEMOURS INC (DD) is a large-cap growth stock in the Biotechnology & Drugs industry. The rating using this strategy is 95% 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.
UNIVERSE: PASS
NET PAYOUT YIELD: PASS
QUALITY AND DEBT: PASS
VALUATION: PASS
RELATIVE STRENGTH: PASS
SHAREHOLDER YIELD: PASS
Detailed Analysis of DUPONT DE NEMOURS INC
DD Guru Analysis
DD Fundamental Analysis
More Information on Meb Faber
Meb Faber Portfolio
About Meb Faber: Meb Faber is the founder of Cambria Investments. His research has covered a wide spectrum of the investment world, including topics like shareholder yield, trend following, global asset allocation and home country bias. His shareholder yield strategy, which is based on his book "Shareholder Yield" and forms the basis for an ETF of the same name, looks for companies that are focused on creating value for shareholders by returning cash to them in the form of dividends, share buybacks and debt paydown. Meb is also the author of 4 other books and numerous white papers on investing related topics.
Additional Research Links
Factor-Based Stock Portfolios
Factor-Based ETF Portfolios
Harry Browne Permanent Portfolio
Ray Dalio All Weather Portfolio
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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DUPONT DE NEMOURS INC (DD) is a large-cap growth stock in the Biotechnology & Drugs industry. 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 Shareholder Yield Investor model based on the published strategy of Meb Faber.
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Of the 22 guru strategies we follow, DD rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber. Detailed Analysis of DUPONT DE NEMOURS INC DD Guru Analysis DD Fundamental Analysis More Information on Meb Faber Meb Faber Portfolio About Meb Faber: Meb Faber is the founder of Cambria Investments. Below is Validea's guru fundamental report for DUPONT DE NEMOURS INC (DD).
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Detailed Analysis of DUPONT DE NEMOURS INC DD Guru Analysis DD Fundamental Analysis More Information on Meb Faber Meb Faber Portfolio About Meb Faber: Meb Faber is the founder of Cambria Investments. Additional Research Links Factor-Based Stock Portfolios Factor-Based ETF Portfolios Harry Browne Permanent Portfolio Ray Dalio All Weather Portfolio About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Below is Validea's guru fundamental report for DUPONT DE NEMOURS INC (DD).
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Below is Validea's guru fundamental report for DUPONT DE NEMOURS INC (DD). Detailed Analysis of DUPONT DE NEMOURS INC DD Guru Analysis DD Fundamental Analysis More Information on Meb Faber Meb Faber Portfolio About Meb Faber: Meb Faber is the founder of Cambria Investments. Of the 22 guru strategies we follow, DD rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber.
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2023-04-06 00:00:00 UTC
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DuPont (DD) Gains on Strong End-Market Demand and Innovation
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DD
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https://www.nasdaq.com/articles/dupont-dd-gains-on-strong-end-market-demand-and-innovation
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DuPont de Nemours, Inc. DD is benefiting from strong demand in several end markets, productivity actions and innovation-driven investment amid headwinds from higher raw material and energy costs and slowdown across certain markets.
The company’s shares have gained around 0.9% over the past year, compared with its industry’s decline of 1.6% over the same time frame.
Image Source: Zacks Investment Research
DuPont, a Zacks Rank #3 (Hold) stock, is gaining from healthy underlying demand in a number of end markets, including water and general industrial. The company envisions sustained strength in water and automotive adhesives and stable demand across industrial end-markets including aerospace and healthcare products in 2023.
The company 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.
DuPont also remains focused on driving growth though innovation and new product development. Its innovation-driven investment is focused on several high-growth areas. It remains committed to drive returns from its R&D investment. It is also benefiting from cost synergy savings and productivity improvement actions. Its structural cost actions are contributing to its bottom line.
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. DuPont completed the divestment of the majority of its Mobility & Materials unit to Celanese on Nov 1, 2022 as part of its ongoing transformation.
The company received $11 billion in gross cash from the transaction. The move is expected to boost its underlying performance, strengthen its balance sheet, maximize shareholders’ return and provide opportunities to grow business through targeted mergers and acquisitions.
However, DuPont is exposed to headwinds from higher raw material and logistics costs. Supply constraints for major raw materials are expected to continue over the near term. Higher energy costs driven by the Russia-Ukraine conflict are also expected to impact its results.
DuPont also faces challenges from a slowdown in the consumer electronics and semiconductor markets during first-half 2023. The company expects lower volumes during the first half in consumer electronics and semiconductors due to reduced consumer spending, inventory destocking and the impacts of COVID-related restrictions in China.
The company also expects a slowdown in semiconductor fab production rates in the quarter. This may impact its performance in the first quarter. The softness in construction end-markets is also expected to impact the Water & Protection unit in 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 considering in the basic materials space include Steel Dynamics, Inc. STLD, Olympic Steel, Inc. ZEUS and Linde plc LIN.
Steel Dynamics currently sports a Zacks Rank #1 (Strong Buy). The Zacks Consensus Estimate for STLD's current-year earnings has been revised 37.2% upward in the past 60 days. You can see the complete list of today’s Zacks #1 Rank stocks here.
Steel Dynamics’ earnings beat the Zacks Consensus Estimate in each of the last four quarters. It has a trailing four-quarter earnings surprise of roughly 11.3%, on average. STLD has gained around 23% in a year.
Olympic Steel currently sports a Zacks Rank #1. The Zacks Consensus Estimate for ZEUS's current-year earnings has been revised 60.6% upward in the past 60 days.
Olympic Steel’s earnings beat the Zacks Consensus Estimate in each of the last four quarters. It has a trailing four-quarter earnings surprise of roughly 26.2%, on average. ZEUS has rallied around 36% in a year.
Linde currently carries a Zacks Rank #2 (Buy). The Zacks Consensus Estimate for LIN’s current-year earnings has been revised 2.5% upward in the past 60 days.
Linde beat Zacks Consensus Estimate in each of the last four quarters. It delivered a trailing four-quarter earnings surprise of 5.9% on average. LIN’s shares have gained roughly 12% in the past year.
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Steel Dynamics, Inc. (STLD) : Free Stock Analysis Report
DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report
Olympic Steel, Inc. (ZEUS) : 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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DuPont de Nemours, Inc. DD is benefiting from strong demand in several end markets, productivity actions and innovation-driven investment amid headwinds from higher raw material and energy costs and slowdown across certain markets. Click to get this free report Steel Dynamics, Inc. (STLD) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Olympic Steel, Inc. (ZEUS) : Free Stock Analysis Report Linde PLC (LIN) : Free Stock Analysis Report To read this article on Zacks.com click here. DuPont, a Zacks Rank #3 (Hold) stock, is gaining from healthy underlying demand in a number of end markets, including water and general industrial.
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DuPont de Nemours, Inc. DD is benefiting from strong demand in several end markets, productivity actions and innovation-driven investment amid headwinds from higher raw material and energy costs and slowdown across certain markets. Click to get this free report Steel Dynamics, Inc. (STLD) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Olympic Steel, Inc. (ZEUS) : Free Stock Analysis Report Linde PLC (LIN) : Free Stock Analysis Report To read this article on Zacks.com click here. 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 considering in the basic materials space include Steel Dynamics, Inc. STLD, Olympic Steel, Inc. ZEUS and Linde plc LIN.
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DuPont de Nemours, Inc. DD is benefiting from strong demand in several end markets, productivity actions and innovation-driven investment amid headwinds from higher raw material and energy costs and slowdown across certain markets. Click to get this free report Steel Dynamics, Inc. (STLD) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Olympic Steel, Inc. (ZEUS) : Free Stock Analysis Report Linde PLC (LIN) : Free Stock Analysis Report To read this article on Zacks.com click here. 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 considering in the basic materials space include Steel Dynamics, Inc. STLD, Olympic Steel, Inc. ZEUS and Linde plc LIN.
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DuPont de Nemours, Inc. DD is benefiting from strong demand in several end markets, productivity actions and innovation-driven investment amid headwinds from higher raw material and energy costs and slowdown across certain markets. Click to get this free report Steel Dynamics, Inc. (STLD) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Olympic Steel, Inc. (ZEUS) : Free Stock Analysis Report Linde PLC (LIN) : Free Stock Analysis Report To read this article on Zacks.com click here. DuPont, a Zacks Rank #3 (Hold) stock, is gaining from healthy underlying demand in a number of end markets, including water and general industrial.
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845ecbeb-c3cf-4024-b3a2-99aef78d67c9
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715870.0
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2023-03-23 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
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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 Shareholder Yield Investor model based on the published strategy of Meb Faber. This strategy looks for companies returning cash to shareholders via dividends, buybacks and debt paydown.
DUPONT DE NEMOURS INC (DD) is a large-cap growth stock in the Biotechnology & Drugs industry. The rating using this strategy is 95% 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.
UNIVERSE: PASS
NET PAYOUT YIELD: PASS
QUALITY AND DEBT: PASS
VALUATION: PASS
RELATIVE STRENGTH: PASS
SHAREHOLDER YIELD: PASS
Detailed Analysis of DUPONT DE NEMOURS INC
DD Guru Analysis
DD Fundamental Analysis
More Information on Meb Faber
Meb Faber Portfolio
About Meb Faber: Meb Faber is the founder of Cambria Investments. His research has covered a wide spectrum of the investment world, including topics like shareholder yield, trend following, global asset allocation and home country bias. His shareholder yield strategy, which is based on his book "Shareholder Yield" and forms the basis for an ETF of the same name, looks for companies that are focused on creating value for shareholders by returning cash to them in the form of dividends, share buybacks and debt paydown. Meb is also the author of 4 other books and numerous white papers on investing related topics.
Additional Research Links
Factor-Based Stock Portfolios
Factor-Based ETF Portfolios
Harry Browne Permanent Portfolio
Ray Dalio All Weather Portfolio
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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DUPONT DE NEMOURS INC (DD) is a large-cap growth stock in the Biotechnology & Drugs industry. 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 Shareholder Yield Investor model based on the published strategy of Meb Faber.
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Of the 22 guru strategies we follow, DD rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber. Detailed Analysis of DUPONT DE NEMOURS INC DD Guru Analysis DD Fundamental Analysis More Information on Meb Faber Meb Faber Portfolio About Meb Faber: Meb Faber is the founder of Cambria Investments. Below is Validea's guru fundamental report for DUPONT DE NEMOURS INC (DD).
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Detailed Analysis of DUPONT DE NEMOURS INC DD Guru Analysis DD Fundamental Analysis More Information on Meb Faber Meb Faber Portfolio About Meb Faber: Meb Faber is the founder of Cambria Investments. Additional Research Links Factor-Based Stock Portfolios Factor-Based ETF Portfolios Harry Browne Permanent Portfolio Ray Dalio All Weather Portfolio About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Below is Validea's guru fundamental report for DUPONT DE NEMOURS INC (DD).
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Below is Validea's guru fundamental report for DUPONT DE NEMOURS INC (DD). Detailed Analysis of DUPONT DE NEMOURS INC DD Guru Analysis DD Fundamental Analysis More Information on Meb Faber Meb Faber Portfolio About Meb Faber: Meb Faber is the founder of Cambria Investments. Of the 22 guru strategies we follow, DD rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber.
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59ea5afd-96b8-483a-b4fc-e3f7d54bc883
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715871.0
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2023-03-22 00:00:00 UTC
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Noteworthy Wednesday Option Activity: GME, LIND, DD
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DD
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https://www.nasdaq.com/articles/noteworthy-wednesday-option-activity%3A-gme-lind-dd
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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 GameStop Corp (Symbol: GME), where a total of 618,659 contracts have traded so far, representing approximately 61.9 million underlying shares. That amounts to about 1631.4% of GME's average daily trading volume over the past month of 3.8 million shares. Especially high volume was seen for the $25 strike call option expiring March 24, 2023, with 37,095 contracts trading so far today, representing approximately 3.7 million underlying shares of GME. Below is a chart showing GME's trailing twelve month trading history, with the $25 strike highlighted in orange:
Lindblad Expeditions Holdings Inc (Symbol: LIND) options are showing a volume of 7,373 contracts thus far today. That number of contracts represents approximately 737,300 underlying shares, working out to a sizeable 205.4% of LIND's average daily trading volume over the past month, of 358,980 shares. Particularly high volume was seen for the $10 strike call option expiring May 19, 2023, with 6,006 contracts trading so far today, representing approximately 600,600 underlying shares of LIND. Below is a chart showing LIND's trailing twelve month trading history, with the $10 strike highlighted in orange:
And DuPont (Symbol: DD) saw options trading volume of 40,630 contracts, representing approximately 4.1 million underlying shares or approximately 109.3% of DD's average daily trading volume over the past month, of 3.7 million shares. Especially high volume was seen for the $80 strike call option expiring May 19, 2023, with 27,360 contracts trading so far today, representing approximately 2.7 million underlying shares of DD. Below is a chart showing DD's trailing twelve month trading history, with the $80 strike highlighted in orange:
For the various different available expirations for GME options, LIND options, or DD options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
NRG Energy 13F Filers
MAS Split History
URE Split History
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $80 strike call option expiring May 19, 2023, with 27,360 contracts trading so far today, representing approximately 2.7 million underlying shares of DD. Below is a chart showing LIND's trailing twelve month trading history, with the $10 strike highlighted in orange: And DuPont (Symbol: DD) saw options trading volume of 40,630 contracts, representing approximately 4.1 million underlying shares or approximately 109.3% of DD's average daily trading volume over the past month, of 3.7 million shares. Below is a chart showing DD's trailing twelve month trading history, with the $80 strike highlighted in orange: For the various different available expirations for GME options, LIND options, or DD options, visit StockOptionsChannel.com.
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Below is a chart showing LIND's trailing twelve month trading history, with the $10 strike highlighted in orange: And DuPont (Symbol: DD) saw options trading volume of 40,630 contracts, representing approximately 4.1 million underlying shares or approximately 109.3% of DD's average daily trading volume over the past month, of 3.7 million shares. Especially high volume was seen for the $80 strike call option expiring May 19, 2023, with 27,360 contracts trading so far today, representing approximately 2.7 million underlying shares of DD. Below is a chart showing DD's trailing twelve month trading history, with the $80 strike highlighted in orange: For the various different available expirations for GME options, LIND options, or DD options, visit StockOptionsChannel.com.
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Below is a chart showing LIND's trailing twelve month trading history, with the $10 strike highlighted in orange: And DuPont (Symbol: DD) saw options trading volume of 40,630 contracts, representing approximately 4.1 million underlying shares or approximately 109.3% of DD's average daily trading volume over the past month, of 3.7 million shares. Especially high volume was seen for the $80 strike call option expiring May 19, 2023, with 27,360 contracts trading so far today, representing approximately 2.7 million underlying shares of DD. Below is a chart showing DD's trailing twelve month trading history, with the $80 strike highlighted in orange: For the various different available expirations for GME options, LIND options, or DD options, visit StockOptionsChannel.com.
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Below is a chart showing LIND's trailing twelve month trading history, with the $10 strike highlighted in orange: And DuPont (Symbol: DD) saw options trading volume of 40,630 contracts, representing approximately 4.1 million underlying shares or approximately 109.3% of DD's average daily trading volume over the past month, of 3.7 million shares. Below is a chart showing DD's trailing twelve month trading history, with the $80 strike highlighted in orange: For the various different available expirations for GME options, LIND options, or DD options, visit StockOptionsChannel.com. Especially high volume was seen for the $80 strike call option expiring May 19, 2023, with 27,360 contracts trading so far today, representing approximately 2.7 million underlying shares of DD.
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3211f9f8-30ba-4b89-bb80-fb81024f42bd
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715872.0
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2023-03-21 00:00:00 UTC
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DuPont (DD) Up 31% in 6 Months: What's Behind the Rally?
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DD
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https://www.nasdaq.com/articles/dupont-dd-up-31-in-6-months%3A-whats-behind-the-rally
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nan
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Shares of DuPont de Nemours, Inc. DD have shot up 31.4% over the past six months. The company has also outperformed its industry’s rise of 8.5% over the same time frame. It has also topped the S&P 500’s roughly 1.6% rise over the same period.
Let’s take a look into the factors that are driving this Zacks Rank #3 (Hold) stock.
Image Source: Zacks Investment Research
What’s Aiding DD?
DuPont is benefiting from healthy demand in several end markets, including water and general industrial. The company envisions sustained strength in water and automotive adhesives and stable demand across industrial end-markets including aerospace and healthcare products in 2023.
The company remains focused on driving growth though innovation and new product development. Its innovation-driven investment is focused on several high-growth areas. It remains committed to drive returns from its R&D investment.
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. DuPont completed the divestment of the majority of its Mobility & Materials unit to Celanese on Nov 1, 2022 as part of its ongoing transformation.
DuPont received $11 billion in gross cash from the transaction. The move is expected to boost its underlying performance, strengthen its balance sheet, maximize shareholders’ return and provide opportunities to grow business through targeted mergers and acquisitions.
The company 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. DuPont is also benefiting from cost synergy savings and productivity improvement actions.
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 considering in the basic materials space include Steel Dynamics, Inc. STLD, Olympic Steel, Inc. ZEUS and Nucor Corporation NUE.
Steel Dynamics currently sports a Zacks Rank #1 (Strong Buy). The Zacks Consensus Estimate for STLD's current-year earnings has been revised 26.4% upward in the past 60 days. You can see the complete list of today’s Zacks #1 Rank stocks here.
Steel Dynamics’ earnings beat the Zacks Consensus Estimate in each of the last four quarters. It has a trailing four-quarter earnings surprise of roughly 11.3%, on average. STLD has gained around 28% in a year.
Olympic Steel currently sports a Zacks Rank #1. The Zacks Consensus Estimate for ZEUS's current-year earnings has been revised 60.6% upward in the past 60 days.
Olympic Steel’s earnings beat the Zacks Consensus Estimate in each of the last four quarters. It has a trailing four-quarter earnings surprise of roughly 26.2%, on average. ZEUS has rallied around 40% in a year.
Nucor currently carries a Zacks Rank #1. The Zacks Consensus Estimate for NUE’s current-year earnings has been revised 10.7% upward in the past 60 days.
Nucor beat Zacks Consensus Estimate in each of the last four quarters. It delivered a trailing four-quarter earnings surprise of 7.7% on average. NUE’s shares have gained roughly 3% in the past year.
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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
Steel Dynamics, Inc. (STLD) : Free Stock Analysis Report
Nucor Corporation (NUE) : Free Stock Analysis Report
DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report
Olympic Steel, Inc. (ZEUS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of DuPont de Nemours, Inc. DD have shot up 31.4% over the past six months. Image Source: Zacks Investment Research What’s Aiding DD? Click to get this free report Steel Dynamics, Inc. (STLD) : Free Stock Analysis Report Nucor Corporation (NUE) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Olympic Steel, Inc. (ZEUS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report Steel Dynamics, Inc. (STLD) : Free Stock Analysis Report Nucor Corporation (NUE) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Olympic Steel, Inc. (ZEUS) : Free Stock Analysis Report To read this article on Zacks.com click here. Shares of DuPont de Nemours, Inc. DD have shot up 31.4% over the past six months. Image Source: Zacks Investment Research What’s Aiding DD?
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Click to get this free report Steel Dynamics, Inc. (STLD) : Free Stock Analysis Report Nucor Corporation (NUE) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Olympic Steel, Inc. (ZEUS) : Free Stock Analysis Report To read this article on Zacks.com click here. Shares of DuPont de Nemours, Inc. DD have shot up 31.4% over the past six months. Image Source: Zacks Investment Research What’s Aiding DD?
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Shares of DuPont de Nemours, Inc. DD have shot up 31.4% over the past six months. Image Source: Zacks Investment Research What’s Aiding DD? Click to get this free report Steel Dynamics, Inc. (STLD) : Free Stock Analysis Report Nucor Corporation (NUE) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Olympic Steel, Inc. (ZEUS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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2374fa2c-f98c-4955-a9d8-79fb836c527d
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715873.0
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2023-03-15 00:00:00 UTC
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Noteworthy Wednesday Option Activity: STLD, DD, MGM
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DD
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https://www.nasdaq.com/articles/noteworthy-wednesday-option-activity%3A-stld-dd-mgm
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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 Steel Dynamics Inc. (Symbol: STLD), where a total volume of 13,278 contracts has been traded thus far today, a contract volume which is representative of approximately 1.3 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 78.9% of STLD's average daily trading volume over the past month, of 1.7 million shares. Particularly high volume was seen for the $105 strike call option expiring March 17, 2023, with 1,295 contracts trading so far today, representing approximately 129,500 underlying shares of STLD. Below is a chart showing STLD's trailing twelve month trading history, with the $105 strike highlighted in orange:
DuPont (Symbol: DD) saw options trading volume of 15,445 contracts, representing approximately 1.5 million underlying shares or approximately 57% of DD's average daily trading volume over the past month, of 2.7 million shares. Especially high volume was seen for the $67.50 strike put option expiring April 21, 2023, with 2,032 contracts trading so far today, representing approximately 203,200 underlying shares of DD. Below is a chart showing DD's trailing twelve month trading history, with the $67.50 strike highlighted in orange:
And MGM Resorts International (Symbol: MGM) options are showing a volume of 24,443 contracts thus far today. That number of contracts represents approximately 2.4 million underlying shares, working out to a sizeable 54.8% of MGM's average daily trading volume over the past month, of 4.5 million shares. Particularly high volume was seen for the $35 strike put option expiring June 16, 2023, with 7,647 contracts trading so far today, representing approximately 764,700 underlying shares of MGM. Below is a chart showing MGM's trailing twelve month trading history, with the $35 strike highlighted in orange:
For the various different available expirations for STLD options, DD options, or MGM options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Defense Dividend Stocks
DMB Options Chain
LTPZ 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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Especially high volume was seen for the $67.50 strike put option expiring April 21, 2023, with 2,032 contracts trading so far today, representing approximately 203,200 underlying shares of DD. Below is a chart showing STLD's trailing twelve month trading history, with the $105 strike highlighted in orange: DuPont (Symbol: DD) saw options trading volume of 15,445 contracts, representing approximately 1.5 million underlying shares or approximately 57% 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 $67.50 strike highlighted in orange: And MGM Resorts International (Symbol: MGM) options are showing a volume of 24,443 contracts thus far today.
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Below is a chart showing STLD's trailing twelve month trading history, with the $105 strike highlighted in orange: DuPont (Symbol: DD) saw options trading volume of 15,445 contracts, representing approximately 1.5 million underlying shares or approximately 57% 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 $67.50 strike highlighted in orange: And MGM Resorts International (Symbol: MGM) options are showing a volume of 24,443 contracts thus far today. Especially high volume was seen for the $67.50 strike put option expiring April 21, 2023, with 2,032 contracts trading so far today, representing approximately 203,200 underlying shares of DD.
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Below is a chart showing STLD's trailing twelve month trading history, with the $105 strike highlighted in orange: DuPont (Symbol: DD) saw options trading volume of 15,445 contracts, representing approximately 1.5 million underlying shares or approximately 57% of DD's average daily trading volume over the past month, of 2.7 million shares. Especially high volume was seen for the $67.50 strike put option expiring April 21, 2023, with 2,032 contracts trading so far today, representing approximately 203,200 underlying shares of DD. Below is a chart showing DD's trailing twelve month trading history, with the $67.50 strike highlighted in orange: And MGM Resorts International (Symbol: MGM) options are showing a volume of 24,443 contracts thus far today.
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Below is a chart showing STLD's trailing twelve month trading history, with the $105 strike highlighted in orange: DuPont (Symbol: DD) saw options trading volume of 15,445 contracts, representing approximately 1.5 million underlying shares or approximately 57% of DD's average daily trading volume over the past month, of 2.7 million shares. Below is a chart showing MGM's trailing twelve month trading history, with the $35 strike highlighted in orange: For the various different available expirations for STLD options, DD options, or MGM options, visit StockOptionsChannel.com. Especially high volume was seen for the $67.50 strike put option expiring April 21, 2023, with 2,032 contracts trading so far today, representing approximately 203,200 underlying shares of DD.
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0e848ded-a238-4dcc-9118-ef7e676156d4
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715874.0
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2023-03-14 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
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nan
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nan
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DuPont de Nemours, Inc. DD is benefiting from strong demand in a number of markets, productivity and pricing actions and innovation-driven investment amid headwinds from higher raw material and energy costs and slowdown across certain markets.
The company’s shares are down 3.7% over a year compared with the 2.9% 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.
What’s Working in DD’s Favor?
DuPont is gaining from healthy underlying demand in several end markets, including water and general industrial. The company envisions sustained strength in water and automotive adhesives and stable demand across industrial end-markets including aerospace and healthcare products in 2023.
The company 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.
DuPont also remains focused on driving growth though innovation and new product development. Its innovation-driven investment is focused on several high-growth areas. It remains committed to drive returns from its R&D investment. It is also benefiting from cost synergy savings and productivity improvement actions. Its structural cost actions are contributing to its bottom line.
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. DuPont completed the divestment of the majority of its Mobility & Materials unit to Celanese on Nov 1, 2022 as part of its ongoing transformation.
The company received $11 billion in gross cash from the transaction. The move is expected to boost its underlying performance, strengthen its balance sheet, maximize shareholders’ return and provide opportunities to grow business through targeted mergers and acquisitions.
A Few Headwinds
The company is exposed to headwinds from higher raw material and logistics costs. Supply constraints for major raw materials are expected to continue over the near term. Higher energy costs driven by the Russia-Ukraine conflict are also expected to impact its results.
DuPont also faces challenges from a slowdown in the consumer electronics and semiconductor markets during first-half 2023. The company expects lower volumes during the first half in consumer electronics and semiconductors due to reduced consumer spending, inventory destocking and the impacts of COVID-related restrictions in China.
The company also expects a slowdown in semiconductor fab production rates in the quarter. This may impact its performance in the first quarter. The softness in construction end-markets is also expected to impact the Water & Protection unit in 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 considering in the basic materials space include Steel Dynamics, Inc. STLD, Olympic Steel, Inc. ZEUS and Nucor Corporation NUE.
Steel Dynamics currently sports a Zacks Rank #1 (Strong Buy). The Zacks Consensus Estimate for STLD's current-year earnings has been revised 20.1% upward in the past 60 days. You can see the complete list of today’s Zacks #1 Rank stocks here.
Steel Dynamics’ earnings beat the Zacks Consensus Estimate in each of the last four quarters. It has a trailing four-quarter earnings surprise of roughly 11.3%, on average. STLD has rallied around 60% in a year.
Olympic Steel currently sports a Zacks Rank #1. The Zacks Consensus Estimate for ZEUS's current-year earnings has been revised 60.6% upward in the past 60 days.
Olympic Steel’s earnings beat the Zacks Consensus Estimate in each of the last four quarters. It has a trailing four-quarter earnings surprise of roughly 26.2%, on average. ZEUS has rallied around 68% in a year.
Nucor currently carries a Zacks Rank #2 (Buy). The Zacks Consensus Estimate for NUE’s current-year earnings has been revised 10.7% upward in the past 60 days.
Nucor beat Zacks Consensus Estimate in each of the last four quarters. It delivered a trailing four-quarter earnings surprise of 7.7% on average. NUE’s shares have gained roughly 15% in the past year.
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Steel Dynamics, Inc. (STLD) : Free Stock Analysis Report
Nucor Corporation (NUE) : Free Stock Analysis Report
DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report
Olympic Steel, Inc. (ZEUS) : 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 benefiting from strong demand in a number of markets, productivity and pricing actions and innovation-driven investment amid headwinds from higher raw material and energy costs and slowdown across certain markets. What’s Working in DD’s Favor? Click to get this free report Steel Dynamics, Inc. (STLD) : Free Stock Analysis Report Nucor Corporation (NUE) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Olympic Steel, Inc. (ZEUS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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DuPont de Nemours, Inc. DD is benefiting from strong demand in a number of markets, productivity and pricing actions and innovation-driven investment amid headwinds from higher raw material and energy costs and slowdown across certain markets. Click to get this free report Steel Dynamics, Inc. (STLD) : Free Stock Analysis Report Nucor Corporation (NUE) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Olympic Steel, Inc. (ZEUS) : Free Stock Analysis Report To read this article on Zacks.com click here. What’s Working in DD’s Favor?
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DuPont de Nemours, Inc. DD is benefiting from strong demand in a number of markets, productivity and pricing actions and innovation-driven investment amid headwinds from higher raw material and energy costs and slowdown across certain markets. Click to get this free report Steel Dynamics, Inc. (STLD) : Free Stock Analysis Report Nucor Corporation (NUE) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Olympic Steel, Inc. (ZEUS) : Free Stock Analysis Report To read this article on Zacks.com click here. What’s Working in DD’s Favor?
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DuPont de Nemours, Inc. DD is benefiting from strong demand in a number of markets, productivity and pricing actions and innovation-driven investment amid headwinds from higher raw material and energy costs and slowdown across certain markets. What’s Working in DD’s Favor? Click to get this free report Steel Dynamics, Inc. (STLD) : Free Stock Analysis Report Nucor Corporation (NUE) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Olympic Steel, Inc. (ZEUS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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d42987d0-fa9b-4296-aeac-d8c04c825ea5
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715875.0
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2023-03-13 00:00:00 UTC
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Zacks Industry Outlook Highlights Air Products and Chemicals, DuPont de Nemours, Albemarle and Cabot
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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-albemarle
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nan
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nan
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For Immediate Release
Chicago, IL – March 13, 2023 – Today, Zacks Equity Research discusses Air Products and Chemicals, Inc. APD, DuPont de Nemours, Inc. DD, Albemarle Corp. ALB and Cabot Corp. CBT.
Industry: Chemicals - Diversified
Link: https://www.zacks.com/commentary/2063919/4-diversified-chemical-stocks-to-escape-industry-challenges
The Zacks Chemicals Diversified industry is bearing the brunt of a spike in raw material costs as well as higher supply-chain, energy and logistics costs, made worse by the Russia-Ukraine conflict. Weakness in certain markets, COVID-related impacts in China and the slowdown in Europe may also impact demand for chemicals.
Industry players like Air Products and Chemicals, Inc., DuPont de Nemours, Inc., Albemarle Corp. and Cabot 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 Worries From End-market Weakness, China Slowdown: Companies in the chemical-diversified space are facing headwinds from a slowdown in certain key markets. The semiconductor shortage has led to reduced automotive builds around the world, curbing chemical demand in this major market. The Russia-Ukraine conflict has triggered a fresh round of global microchip shortage. Both these countries are major suppliers of raw materials required for global semiconductor production.
The chip crisis is unlikely to abate anytime soon, given the impact of the war. The sluggishness in the building & construction market and customer destocking in consumer durables are other concerns. Also, the slowdown in economic activities in China due to the restrictions following a resurgence in COVID-19 infections is hurting chemical demand. The softness in China has resulted in a higher level of near-term economic uncertainty, which may continue to affect chemical volumes over the near term.
Higher Input Costs Pose Margin Headwinds: The industry players are exposed to cost pressure associated with raw materials resulting from short supply. These companies also face challenges arising from higher supply-chain and logistics costs. The disruption in the supply chain has pushed up the prices of inputs. Russia's invasion of Ukraine and new government-mandated lockdowns in China have also put more pressure on the global supply chain.
These companies are also facing headwinds from higher energy costs, especially in Europe, which has witnessed a significant spike in costs amid the ongoing war in Ukraine. The lingering impacts of these bottlenecks are expected to continue over the short term. Higher raw material, energy and logistics costs are, thus, likely to hurt the margins of diversified chemical companies.
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 and traveling expenses.
The industry players are also raising selling prices to counter raw material and logistics cost inflation. These moves are likely to help the industry in sustaining 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 #198, which places it at the bottom 21% 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 bleak 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 Outperforms Sector and S&P 500
The Zacks Chemicals Diversified industry has outperformed both the Zacks S&P 500 composite and the broader Zacks Basic Materials sector over the past year.
The industry has gained 14.1% over this period compared with the S&P 500's decline of 7.9% and the broader sector's decline of 6.7%.
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 9.16X, below the S&P 500's 12.09X and above the sector's 7.84X.
Over the past five years, the industry has traded as high as 12.80X, as low as 5.89X and at the median of 8.45.
4 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 also has 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 9.4% 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 0.7%. 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, water and healthcare. DuPont is benefiting from strong demand in water solutions. Healthy demand in industrial end-markets including aerospace and healthcare is also likely to aid its performance.
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. 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 10% for the current year. DD also beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 13.8%.
Albemarle: North Carolina-based Albemarle is a premier specialty chemicals company with leading positions in attractive end markets globally. It is benefiting from higher volumes in its lithium business. Healthy customer orders and plant productivity improvements are supporting volumes. Higher lithium prices due to tight market conditions are also supporting its performance. Its bromine business is gaining from higher demand, a rebound in certain end markets, higher pricing and cost-saving actions.
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 34.1% for the current year. ALB has also surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average being 15.7%.
Cabot: Massachusetts-based Cabot is a global specialty chemicals and performance materials company. It is expected to benefit from an uptick in volumes following the end of consumer destocking. Improved volumes, favorable pricing and customer agreements are likely to drive results in its Reinforcement Materials segment. Its Performance Chemicals unit is also expected to gain from demand growth in battery materials and inkjet applications and higher volumes.
Cabot, currently carrying a Zacks Rank #3, has expected earnings growth of 2.2% for the current fiscal year. CBT has also surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average being 10.2%.
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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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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
Cabot Corporation (CBT) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For Immediate Release Chicago, IL – March 13, 2023 – Today, Zacks Equity Research discusses Air Products and Chemicals, Inc. APD, DuPont de Nemours, Inc. DD, Albemarle Corp. ALB and Cabot Corp. CBT. 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 – March 13, 2023 – Today, Zacks Equity Research discusses Air Products and Chemicals, Inc. APD, DuPont de Nemours, Inc. DD, Albemarle Corp. ALB and Cabot Corp. CBT. 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 Cabot Corporation (CBT) : 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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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 Cabot Corporation (CBT) : Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL – March 13, 2023 – Today, Zacks Equity Research discusses Air Products and Chemicals, Inc. APD, DuPont de Nemours, Inc. DD, Albemarle Corp. ALB and Cabot Corp. CBT. 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 – March 13, 2023 – Today, Zacks Equity Research discusses Air Products and Chemicals, Inc. APD, DuPont de Nemours, Inc. DD, Albemarle Corp. ALB and Cabot Corp. CBT. 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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2ef8aa92-e5f0-47df-91ae-9dfae2535873
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715876.0
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2023-03-10 00:00:00 UTC
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4 Diversified Chemical Stocks to Escape Industry Challenges
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DD
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https://www.nasdaq.com/articles/4-diversified-chemical-stocks-to-escape-industry-challenges
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nan
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nan
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The Zacks Chemicals Diversified industry is bearing the brunt of a spike in raw material costs as well as higher supply-chain, energy and logistics costs, made worse by the Russia-Ukraine conflict. Weakness in certain markets, COVID-related impacts in China and the slowdown in Europe may also impact demand for chemicals.
Industry players like Air Products and Chemicals, Inc. APD, DuPont de Nemours, Inc. DD, Albemarle Corporation ALB and Cabot Corporation CBT 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 Worries From End-market Weakness, China Slowdown: Companies in the chemical-diversified space are facing headwinds from a slowdown in certain key markets. The semiconductor shortage has led to reduced automotive builds around the world, curbing chemical demand in this major market. The Russia-Ukraine conflict has triggered a fresh round of global microchip shortage. Both these countries are major suppliers of raw materials required for global semiconductor production. The chip crisis is unlikely to abate anytime soon, given the impact of the war. The sluggishness in the building & construction market and customer destocking in consumer durables are other concerns. Also, the slowdown in economic activities in China due to the restrictions following a resurgence in COVID-19 infections is hurting chemical demand. The softness in China has resulted in a higher level of near-term economic uncertainty, which may continue to affect chemical volumes over the near term.
Higher Input Costs Pose Margin Headwinds: The industry players are exposed to cost pressure associated with raw materials resulting from short supply. These companies also face challenges arising from higher supply-chain and logistics costs. The disruption in the supply chain has pushed up the prices of inputs. Russia's invasion of Ukraine and new government-mandated lockdowns in China have also put more pressure on the global supply chain. These companies are also facing headwinds from higher energy costs, especially in Europe, which has witnessed a significant spike in costs amid the ongoing war in Ukraine. The lingering impacts of these bottlenecks are expected to continue over the short term. Higher raw material, energy and logistics costs are, thus, likely to hurt the margins of diversified chemical companies.
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 and traveling expenses. The industry players are also raising selling prices to counter raw material and logistics cost inflation. These moves are likely to help the industry in sustaining 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 #198, which places it at the bottom 21% 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 bleak 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 Outperforms Sector and S&P 500
The Zacks Chemicals Diversified industry has outperformed both the Zacks S&P 500 composite and the broader Zacks Basic Materials sector over the past year.
The industry has gained 14.1% over this period compared with the S&P 500’s decline of 7.9% and the broader sector’s decline of 6.7%.
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 9.16X, below the S&P 500’s 12.09X and above the sector’s 7.84X.
Over the past five years, the industry has traded as high as 12.80X, as low as 5.89X and at the median of 8.45, as the chart below shows.
Enterprise Value/EBITDA (EV/EBITDA) Ratio
Enterprise Value/EBITDA (EV/EBITDA) Ratio
4 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 also has 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 9.4% 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 0.7%. 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, water and healthcare. DuPont is benefiting from strong demand in water solutions. Healthy demand in industrial end-markets including aerospace and healthcare is also likely to aid its performance.
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. 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 10% for the current year. DD also beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 13.8%.
Price and Consensus: DD
Albemarle: North Carolina-based Albemarle is a premier specialty chemicals company with leading positions in attractive end markets globally. It is benefiting from higher volumes in its lithium business. Healthy customer orders and plant productivity improvements are supporting volumes. Higher lithium prices due to tight market conditions are also supporting its performance. Its bromine business is gaining from higher demand, a rebound in certain end markets, higher pricing and cost-saving actions.
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 34.1% for the current year. ALB has also surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average being 15.7%.
Price and Consensus: ALB
Cabot: Massachusetts-based Cabot is a global specialty chemicals and performance materials company. It is expected to benefit from an uptick in volumes following the end of consumer destocking. Improved volumes, favorable pricing and customer agreements are likely to drive results in its Reinforcement Materials segment. Its Performance Chemicals unit is also expected to gain from demand growth in battery materials and inkjet applications and higher volumes.
Cabot, currently carrying a Zacks Rank #3, has expected earnings growth of 2.2% for the current fiscal year. CBT has also surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average being 10.2%.
Price and Consensus: CBT
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
Albemarle Corporation (ALB) : Free Stock Analysis Report
Cabot Corporation (CBT) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Industry players like Air Products and Chemicals, Inc. APD, DuPont de Nemours, Inc. DD, Albemarle Corporation ALB and Cabot Corporation CBT 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, Albemarle Corporation ALB and Cabot Corporation CBT 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 Albemarle Corporation (ALB) : Free Stock Analysis Report Cabot Corporation (CBT) : 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, Albemarle Corporation ALB and Cabot Corporation CBT 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, Albemarle Corporation ALB and Cabot Corporation CBT 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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4cf7f39b-8950-4cb6-85fd-d69f02de9964
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715877.0
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2023-03-09 00:00:00 UTC
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Guru Fundamental Report for DD - Meb Faber
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DD
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https://www.nasdaq.com/articles/guru-fundamental-report-for-dd-meb-faber
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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 Shareholder Yield Investor model based on the published strategy of Meb Faber. This strategy looks for companies returning cash to shareholders via dividends, buybacks and debt paydown.
DUPONT DE NEMOURS INC (DD) is a large-cap growth stock in the Biotechnology & Drugs industry. The rating using this strategy is 95% 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.
UNIVERSE: PASS
NET PAYOUT YIELD: PASS
QUALITY AND DEBT: PASS
VALUATION: PASS
RELATIVE STRENGTH: PASS
SHAREHOLDER YIELD: PASS
Detailed Analysis of DUPONT DE NEMOURS INC
DD Guru Analysis
DD Fundamental Analysis
More Information on Meb Faber
Meb Faber Portfolio
About Meb Faber: Meb Faber is the founder of Cambria Investments. His research has covered a wide spectrum of the investment world, including topics like shareholder yield, trend following, global asset allocation and home country bias. His shareholder yield strategy, which is based on his book "Shareholder Yield" and forms the basis for an ETF of the same name, looks for companies that are focused on creating value for shareholders by returning cash to them in the form of dividends, share buybacks and debt paydown. Meb is also the author of 4 other books and numerous white papers on investing related topics.
Additional Research Links
Factor-Based Stock Portfolios
Factor-Based ETF Portfolios
Harry Browne Permanent Portfolio
Ray Dalio All Weather Portfolio
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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DUPONT DE NEMOURS INC (DD) is a large-cap growth stock in the Biotechnology & Drugs industry. 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 Shareholder Yield Investor model based on the published strategy of Meb Faber.
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Of the 22 guru strategies we follow, DD rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber. Detailed Analysis of DUPONT DE NEMOURS INC DD Guru Analysis DD Fundamental Analysis More Information on Meb Faber Meb Faber Portfolio About Meb Faber: Meb Faber is the founder of Cambria Investments. Below is Validea's guru fundamental report for DUPONT DE NEMOURS INC (DD).
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Detailed Analysis of DUPONT DE NEMOURS INC DD Guru Analysis DD Fundamental Analysis More Information on Meb Faber Meb Faber Portfolio About Meb Faber: Meb Faber is the founder of Cambria Investments. Additional Research Links Factor-Based Stock Portfolios Factor-Based ETF Portfolios Harry Browne Permanent Portfolio Ray Dalio All Weather Portfolio About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Below is Validea's guru fundamental report for DUPONT DE NEMOURS INC (DD).
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Below is Validea's guru fundamental report for DUPONT DE NEMOURS INC (DD). Detailed Analysis of DUPONT DE NEMOURS INC DD Guru Analysis DD Fundamental Analysis More Information on Meb Faber Meb Faber Portfolio About Meb Faber: Meb Faber is the founder of Cambria Investments. Of the 22 guru strategies we follow, DD rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber.
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fe30c09b-3aca-40e7-9133-de572e561c8e
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715878.0
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2023-03-09 00:00:00 UTC
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Why Is DuPont de Nemours (DD) Down 6.2% Since Last Earnings Report?
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DD
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https://www.nasdaq.com/articles/why-is-dupont-de-nemours-dd-down-6.2-since-last-earnings-report
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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 6.2% 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 catalysts.
DuPont's Earnings and Revenues Surpass Estimates in Q4
DuPont logged earnings (on a reported basis) from continuing operations of 20 cents per share for fourth-quarter 2022, down from 29 cents per share in the year-ago quarter.
Barring one-time items, earnings came in at 89 cents per share for the reported quarter, topping the Zacks Consensus Estimate of 79 cents.
DuPont raked in net sales of $3,104 million, down 4% from the year-ago quarter. It also surpassed the Zacks Consensus Estimate of $3,083.2. The company saw a 5% rise in organic sales in the quarter, supported by 7% higher pricing that offset 2% lower volumes. The company was challenged by weak conditions in electronics and construction end-markets in the reported quarter. It benefited from disciplined pricing actions to offset inflation.
Sustained strength in water solutions, growth in the automotive adhesives portfolio and gains in certain industrial end-markets were more than offset by weakness in smartphones and personal computing, the slowdown in semiconductor and construction and lower volumes from protective garments.
Segment Highlights
The company’s Electronics & Industrial segment recorded net sales of $1,343 million in the reported quarter, down 8% on a year-over-year comparison basis. Organic sales fell 2% as higher prices were more than offset by reduced volumes. Semiconductor Technologies organic sales rose on higher pricing. Industrial Solutions also registered higher sales while organic sales declined in Interconnect Solutions on lower volumes.
Net sales in the Water & Protection unit were $1,497 million, up 6% year over year. Organic sales rose 12% on pricing gains.
FY22 Results
Earnings from continuing operations for full-year 2022 were $2.02 per share compared with $2.16 per share a year ago. Net sales went up around 4% year over year to $13 billion.
Financials
DuPont had cash and cash equivalents of $3,662 million at the end of 2022, up around 86% year over year. Long-term debt was $7,774 million, down around 27% year over year.
The company also generated operating cash flow of $126 million during the quarter and $588 million in 2022.
Outlook
The company sees net sales for 2023 to be $12,300-$12,900 million. Adjusted earnings per share for 2023 is forecast to be $3.50-$4.00.
For first-quarter 2023, the company sees net sales of roughly $2,900 million. Adjusted earnings per share for the quarter is projected at roughly 80 cents.
DuPont also envisions sustained strength in water and automotive adhesives and stable demand across industrial end-markets including aerospace and healthcare products in 2023. The company, however, sees lower volumes during first-half 2023 in consumer electronics and semiconductors due to reduced consumer spending, inventory destocking and COVID-related impacts in China. It also expects weakness in construction end-markets in Water & Protection during 2023. DuPont projects organic sales to decline in the mid single-digits year over year in the first quarter due to continued weakness in these consumer-driven markets.
How Have Estimates Been Moving Since Then?
In the past month, investors have witnessed a downward trend in estimates review.
The consensus estimate has shifted -17.38% due to these changes.
VGM Scores
Currently, DuPont de Nemours has a poor Growth Score of F, however its Momentum Score is doing a bit better with a D. Charting a somewhat similar path, the stock was allocated a grade of C on the value side, putting it in the middle 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of F. 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.
Performance of an Industry Player
DuPont de Nemours is part of the Zacks Chemical - Diversified industry. Over the past month, Air Products and Chemicals (APD), a stock from the same industry, has gained 1%. The company reported its results for the quarter ended December 2022 more than a month ago.
Air Products and Chemicals reported revenues of $3.17 billion in the last reported quarter, representing a year-over-year change of +6%. EPS of $2.64 for the same period compares with $2.52 a year ago.
For the current quarter, Air Products and Chemicals is expected to post earnings of $2.63 per share, indicating a change of +10.5% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Air Products and Chemicals. Also, the stock has a VGM Score of C.
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DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report
Air Products and Chemicals, Inc. (APD) : 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). VGM Scores Currently, DuPont de Nemours has a poor Growth Score of F, however its Momentum Score is doing a bit better with a D. Charting a somewhat similar path, the stock was allocated a grade of C on the value side, putting it in the middle 20% for this investment strategy. Also, the stock has a VGM Score of C. 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 DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Air Products and Chemicals, Inc. (APD) : Free Stock Analysis Report To read this article on Zacks.com click here. A month has gone by since the last earnings report for DuPont de Nemours (DD). VGM Scores Currently, DuPont de Nemours has a poor Growth Score of F, however its Momentum Score is doing a bit better with a D. Charting a somewhat similar path, the stock was allocated a grade of C on the value side, putting it in the middle 20% for this investment strategy.
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Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Air Products and Chemicals, Inc. (APD) : Free Stock Analysis Report To read this article on Zacks.com click here. A month has gone by since the last earnings report for DuPont de Nemours (DD). VGM Scores Currently, DuPont de Nemours has a poor Growth Score of F, however its Momentum Score is doing a bit better with a D. Charting a somewhat similar path, the stock was allocated a grade of C on the value side, putting it in the middle 20% for this investment strategy.
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A month has gone by since the last earnings report for DuPont de Nemours (DD). VGM Scores Currently, DuPont de Nemours has a poor Growth Score of F, however its Momentum Score is doing a bit better with a D. Charting a somewhat similar path, the stock was allocated a grade of C on the value side, putting it in the middle 20% for this investment strategy. Also, the stock has a VGM Score of C. 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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8d9fe4aa-22e5-410a-9429-4cb411dadec7
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715879.0
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2023-03-09 00:00:00 UTC
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April 28th Options Now Available For DuPont (DD)
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DD
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https://www.nasdaq.com/articles/april-28th-options-now-available-for-dupont-dd
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Investors in DuPont (Symbol: DD) saw new options become available today, for the April 28th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new April 28th 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 30 cents. 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 $71.70 (before broker commissions). To an investor already interested in purchasing shares of DD, that could represent an attractive alternative to paying $72.42/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 0.42% return on the cash commitment, or 3.04% 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 45 cents. If an investor was to purchase shares of DD stock at the current price level of $72.42/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 1.42% if the stock gets called away at the April 28th 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 0.62% boost of extra return to the investor, or 4.54% 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 $72.42) to be 31%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
Also see:
TGP Videos
Immuneering Next Earnings Date
DXC 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 April 28th 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 April 28th 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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47e9d751-a331-477f-bce0-38c8951a0c12
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715880.0
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2023-03-08 00:00:00 UTC
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Top Research Reports for PepsiCo, Texas Instruments & HSBC Holding
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DD
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https://www.nasdaq.com/articles/top-research-reports-for-pepsico-texas-instruments-hsbc-holding
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nan
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Wednesday, March 8, 2023
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including PepsiCo, Inc. (PEP), Texas Instruments Incorporated (TXN) and HSBC Holdings plc (HSBC). 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 >>>
PepsiCo shares handily outperformed Coca-Cola and S&P 500 index over the past year (+8.9% for PEP vs. +1.9% for KO and -5.9% for the S&P 500 index). The company’s revenues and earnings beat the Zacks Consensus Estimate and improved year over year in the last reported quarter on February 9th. This marked the 17th straight quarter of sales beat.
Resilience and strength of global beverage and convenient food businesses bode well. PepsiCo expects to benefit by delivering convenience, variety and value proposition to customers through its brands. It raised its revenue view for 2022.
However, PepsiCo witnessed margin pressures in the third quarter driven by impacts of supply-chain disruptions and inflationary labor, transportation and commodity costs. PEP anticipates incremental input cost inflation for the balance of 2022. Adverse currency rates also remain headwinds.
(You can read the full research report on PepsiCo here >>>)
Shares of Texas Instruments have declined -0.2% over the past year against the Zacks Semiconductor - General industry’s decline of -9.0%. The company is facing sluggishness in the Analog segment remains a concern. Further, weakening momentum across personal electronics and industrial end-markets is a negative. Additionally, pandemic-led supply-chain disruptions and imposition of new export regulations are headwinds.
However, Texas Instruments’ fourth quarter results were driven by solid momentum across its Embedded Processing segment. Growing demand for embedded technologies across the automotive and industrial markets contributed well.
Additionally, continued rebound in the automotive market was a tailwind. We note that the company’s growing investments in new growth avenues and competitive advantages remain tailwinds. Further, its portfolio of long-lived products and efficient manufacturing strategies are other positives.
(You can read the full research report on Texas Instruments here >>>)
HSBC Holdings shares have outperformed the Zacks Banks - Foreign industry over the past year (+15.0% vs. +1.0%). The company’s strong capital position, initiatives to strengthen digital capabilities, an extensive network and improvement in operating efficiency through business restructuring will likely keep aiding HSBC’s growth.
The bank has entered an agreement to sell its Canada banking business. Exiting from the U.S. and French retail banking operations is expected to help it focus more on Asia. In sync with this, the acquisition of AXA Singapore insurance assets will expand HSBC’s business in the region.
Although efforts to improve market share in the U.K. and China will support financials, these might lead to a rise in costs, which will hurt profits. Yet, HSBC’s product and service leadership in cross-border banking services help it in widening its customer base.
(You can read the full research report on HSBC Holdings here >>>)
Other noteworthy reports we are featuring today include Petróleo Brasileiro S.A. - Petrobras (PBR), Carrier Global Corporation (CARR) and DuPont de Nemours, Inc. (DD).
Director of Research
Sheraz Mian
Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>
Today's Must Read
PepsiCo's (PEP) Investments in Business Drive the Top Line
Embedded Processing Strength Aids Texas Instruments (TXN)
Business Restructuring, Higher Rates Support HSBC (HSBC)
Featured Reports
Pre-Salt Reserves Boosts Petrobras (PBR), Debt Pile Hurts
Petrobras' stakes in Brazil's attractive pre-salt oil reservoirs should boost its earnings outlook. However, the Zacks analyst is concerned over the company's huge net debt of $41.5 billion.
Carrier (CARR) Benefits From Strength in the HVAC Segment
Per the Zacks analyst, strength in the North America residential, light commercial and commercial Heating, Ventilating and Air Conditioning (HVAC) businesses is driving Carrier's HVAC segment.
Productivity Actions, New Products Aid DuPont (DD)
While DuPont faces headwind from raw material cost inflation, it should gain from productivity improvement actions and investment in new product development, per the Zacks analyst.
Solid Customer Base Boosts Equifax (EFX), Seasonality Hurts
The Zacks Analyst is positive about Equifax's focus on expanding and strengthening its customer base with efforts on delivering multi-data solutions. However, seasonality is a concern.
Sun Life Financial (SLF) Set to Grow on Solid Asia Business
Per the Zacks analyst, Sun Life is set for grow on the strength of its Asia business that are expected to provide higher return and growth as well as expanding global asset management business.
Bio-Rad (BIO) qPCR Business Grows Amid Stiff Competition
The Zacks analyst is impressed with robust growth of Bio-Rad's core qPCR business in recent times led by strong uptake of the newer generation CFX Opus platform. Stiff competition remains a concern.
Investment, Appalachian Assets Aid National Fuel Gas (NFG)
Per the Zacks analyst National Fuel Gas' systematic investment to further strengthen its midstream operations and strong presence in the Appalachian region will drive its performance.
New Upgrades
Solid Non-Gaming Business Boosts Wynn Resorts (WYNN) Prospects
Per the Zacks analyst, Wynn Resorts is likely to gain from solid non-gaming business and expansion initiatives. Also, focus on development projects like food halls and entertainment center bode well.
New Products & Acquisitions Aid Blackbaud's (BLKB) Performance
Per the Zacks analyst, Blackbaud's performance is gaining from frequent product launches and increasing customer renewal rates. Synergies from recent acquisitions also bode well.
Solid Loans, Restructuring Supports Hilltop Holdings (HTH)
Per the Zacks analyst, Hilltop Holdings is poised for growth given the continued decent rise in loans. Its restructuring efforts to diversify business as a profitable banking operation are impressive.
New Downgrades
NuStar Energy (NS) Hurt by High Debt Burden
The Zacks analyst believes that NuStar Energy's high debt-to-capitalization of 71% is a concern, as it restricts the partnership's financial freedom to tap into growth opportunities.
Macroeconomic Weakness and Forex Volatility Drag Down PTC
Per the Zacks Analyst, challenging global macroeconomic conditions continue to pose as a headwind PTC along with volatile forex dynamics and stiff competition in the CAD and PLM markets.
Higher Costs & Soft Demand Hurt PPG Industries (PPG)
The Zacks analyst is concerned that weaker demand in Europe and China could hurt the company's segment volumes. Higher raw material and logistics costs might also impact its results.n
This Little-Known Semiconductor Stock Could Be Your Portfolio’s Hedge Against Inflation
Everyone uses semiconductors. But only a small number of people know what they are and what they do. If you use a smartphone, computer, microwave, digital camera or refrigerator (and that’s just the tip of the iceberg), you have a need for semiconductors. That’s why their importance can’t be overstated and their disruption in the supply chain has such a global effect. But every cloud has a silver lining. Shockwaves to the international supply chain from the global pandemic have unearthed a tremendous opportunity for investors. And today, Zacks' leading stock strategist is revealing the one semiconductor stock that stands to gain the most in a new FREE report. It's yours at no cost and with no obligation.
>>Yes, I Want to Help Protect My Portfolio During the Recession
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
Texas Instruments Incorporated (TXN) : Free Stock Analysis Report
Petroleo Brasileiro S.A.- Petrobras (PBR) : Free Stock Analysis Report
DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report
PepsiCo, Inc. (PEP) : Free Stock Analysis Report
HSBC Holdings plc (HSBC) : Free Stock Analysis Report
Carrier Global Corporation (CARR) : 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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Other noteworthy reports we are featuring today include Petróleo Brasileiro S.A. - Petrobras (PBR), Carrier Global Corporation (CARR) and DuPont de Nemours, Inc. (DD). If you want an email notification each time Sheraz publishes a new article, please click here>>> Today's Must Read PepsiCo's (PEP) Investments in Business Drive the Top Line Embedded Processing Strength Aids Texas Instruments (TXN) Business Restructuring, Higher Rates Support HSBC (HSBC) Featured Reports Pre-Salt Reserves Boosts Petrobras (PBR), Debt Pile Hurts Petrobras' stakes in Brazil's attractive pre-salt oil reservoirs should boost its earnings outlook. Additionally, pandemic-led supply-chain disruptions and imposition of new export regulations are headwinds.
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If you want an email notification each time Sheraz publishes a new article, please click here>>> Today's Must Read PepsiCo's (PEP) Investments in Business Drive the Top Line Embedded Processing Strength Aids Texas Instruments (TXN) Business Restructuring, Higher Rates Support HSBC (HSBC) Featured Reports Pre-Salt Reserves Boosts Petrobras (PBR), Debt Pile Hurts Petrobras' stakes in Brazil's attractive pre-salt oil reservoirs should boost its earnings outlook. Click to get this free report Texas Instruments Incorporated (TXN) : Free Stock Analysis Report Petroleo Brasileiro S.A.- Petrobras (PBR) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report PepsiCo, Inc. (PEP) : Free Stock Analysis Report HSBC Holdings plc (HSBC) : Free Stock Analysis Report Carrier Global Corporation (CARR) : Free Stock Analysis Report To read this article on Zacks.com click here. Additionally, pandemic-led supply-chain disruptions and imposition of new export regulations are headwinds.
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If you want an email notification each time Sheraz publishes a new article, please click here>>> Today's Must Read PepsiCo's (PEP) Investments in Business Drive the Top Line Embedded Processing Strength Aids Texas Instruments (TXN) Business Restructuring, Higher Rates Support HSBC (HSBC) Featured Reports Pre-Salt Reserves Boosts Petrobras (PBR), Debt Pile Hurts Petrobras' stakes in Brazil's attractive pre-salt oil reservoirs should boost its earnings outlook. Click to get this free report Texas Instruments Incorporated (TXN) : Free Stock Analysis Report Petroleo Brasileiro S.A.- Petrobras (PBR) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report PepsiCo, Inc. (PEP) : Free Stock Analysis Report HSBC Holdings plc (HSBC) : Free Stock Analysis Report Carrier Global Corporation (CARR) : Free Stock Analysis Report To read this article on Zacks.com click here. Additionally, pandemic-led supply-chain disruptions and imposition of new export regulations are headwinds.
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Additionally, pandemic-led supply-chain disruptions and imposition of new export regulations are headwinds. However, Texas Instruments’ fourth quarter results were driven by solid momentum across its Embedded Processing segment. Growing demand for embedded technologies across the automotive and industrial markets contributed well.
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05983e5e-f3ea-4ed5-9fe1-0b866a87783a
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715881.0
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2023-03-07 00:00:00 UTC
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Noteworthy Tuesday Option Activity: DAL, DD, AVGO
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DD
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https://www.nasdaq.com/articles/noteworthy-tuesday-option-activity%3A-dal-dd-avgo
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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 Delta Air Lines Inc (Symbol: DAL), where a total of 49,525 contracts have traded so far, representing approximately 5.0 million underlying shares. That amounts to about 73.2% of DAL's average daily trading volume over the past month of 6.8 million shares. Especially high volume was seen for the $40.50 strike call option expiring March 10, 2023, with 18,733 contracts trading so far today, representing approximately 1.9 million underlying shares of DAL. Below is a chart showing DAL's trailing twelve month trading history, with the $40.50 strike highlighted in orange:
DuPont (Symbol: DD) saw options trading volume of 14,700 contracts, representing approximately 1.5 million underlying shares or approximately 52.1% of DD's average daily trading volume over the past month, of 2.8 million shares. Especially high volume was seen for the $70 strike put option expiring May 19, 2023, with 10,015 contracts trading so far today, representing approximately 1.0 million underlying shares of DD. Below is a chart showing DD's trailing twelve month trading history, with the $70 strike highlighted in orange:
And Broadcom Inc (Symbol: AVGO) saw options trading volume of 10,464 contracts, representing approximately 1.0 million underlying shares or approximately 49.8% of AVGO's average daily trading volume over the past month, of 2.1 million shares. Particularly high volume was seen for the $640 strike put option expiring September 15, 2023, with 500 contracts trading so far today, representing approximately 50,000 underlying shares of AVGO. Below is a chart showing AVGO's trailing twelve month trading history, with the $640 strike highlighted in orange:
For the various different available expirations for DAL options, DD options, or AVGO options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
DividendRank Canada
GOLF Next Dividend Date
CMLP 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 $70 strike put option expiring May 19, 2023, with 10,015 contracts trading so far today, representing approximately 1.0 million underlying shares of DD. Below is a chart showing DAL's trailing twelve month trading history, with the $40.50 strike highlighted in orange: DuPont (Symbol: DD) saw options trading volume of 14,700 contracts, representing approximately 1.5 million underlying shares or approximately 52.1% of DD's average daily trading volume over the past month, of 2.8 million shares. Below is a chart showing DD's trailing twelve month trading history, with the $70 strike highlighted in orange: And Broadcom Inc (Symbol: AVGO) saw options trading volume of 10,464 contracts, representing approximately 1.0 million underlying shares or approximately 49.8% of AVGO's average daily trading volume over the past month, of 2.1 million shares.
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Below is a chart showing DAL's trailing twelve month trading history, with the $40.50 strike highlighted in orange: DuPont (Symbol: DD) saw options trading volume of 14,700 contracts, representing approximately 1.5 million underlying shares or approximately 52.1% of DD's average daily trading volume over the past month, of 2.8 million shares. Below is a chart showing DD's trailing twelve month trading history, with the $70 strike highlighted in orange: And Broadcom Inc (Symbol: AVGO) saw options trading volume of 10,464 contracts, representing approximately 1.0 million underlying shares or approximately 49.8% of AVGO's average daily trading volume over the past month, of 2.1 million shares. Especially high volume was seen for the $70 strike put option expiring May 19, 2023, with 10,015 contracts trading so far today, representing approximately 1.0 million underlying shares of DD.
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Below is a chart showing DAL's trailing twelve month trading history, with the $40.50 strike highlighted in orange: DuPont (Symbol: DD) saw options trading volume of 14,700 contracts, representing approximately 1.5 million underlying shares or approximately 52.1% of DD's average daily trading volume over the past month, of 2.8 million shares. Below is a chart showing DD's trailing twelve month trading history, with the $70 strike highlighted in orange: And Broadcom Inc (Symbol: AVGO) saw options trading volume of 10,464 contracts, representing approximately 1.0 million underlying shares or approximately 49.8% of AVGO's average daily trading volume over the past month, of 2.1 million shares. Especially high volume was seen for the $70 strike put option expiring May 19, 2023, with 10,015 contracts trading so far today, representing approximately 1.0 million underlying shares of DD.
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Below is a chart showing DAL's trailing twelve month trading history, with the $40.50 strike highlighted in orange: DuPont (Symbol: DD) saw options trading volume of 14,700 contracts, representing approximately 1.5 million underlying shares or approximately 52.1% of DD's average daily trading volume over the past month, of 2.8 million shares. Especially high volume was seen for the $70 strike put option expiring May 19, 2023, with 10,015 contracts trading so far today, representing approximately 1.0 million underlying shares of DD. Below is a chart showing DD's trailing twelve month trading history, with the $70 strike highlighted in orange: And Broadcom Inc (Symbol: AVGO) saw options trading volume of 10,464 contracts, representing approximately 1.0 million underlying shares or approximately 49.8% of AVGO's average daily trading volume over the past month, of 2.1 million shares.
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76372565-05b9-4b58-b592-f1f34b9d7f58
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715882.0
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2023-03-06 00:00:00 UTC
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7 Blue-Chip Stocks to Buy for Quality-Focused Investors
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DD
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https://www.nasdaq.com/articles/7-blue-chip-stocks-to-buy-for-quality-focused-investors
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
When the game’s on the line, sometimes you need to call up your most experienced players, which segues into this discussion of blue-chip stocks to buy. Any sports fan realizes that age comes for every athlete, including the great Tom Brady. However, when the stakes run the highest, a certain confidence exists in putting the ball into the hands of veterans. So it is with blue chips.
Fundamentally, the top blue-chip stocks to buy underline high-quality enterprises. Specifically, investors can look at a company’s return on equity (ROE) relative to its industry standards. As Business Insider explains, a higher ROE “…signals that a company efficiently uses its shareholder’s equity to generate income.”
However, quality doesn’t mean much if the targeted security has little chance to move higher. Therefore, I’ve taken the time to source only enterprises that feature double-digit upside potential, per Wall Street analysts. So, without further ado, below are blue-chip stocks to buy for quality-focused investors.
ROP Roper Technologies $429.05
EC Ecopetrol $11.64
DD DuPont $72.75
STLA Stellantis $18.66
UMC United Microelectronics $8.28
EMR Emerson Electric $87.28
SNY Sanofi $47.71
Roper Technologies (ROP)
Source: Shutterstock
An industrial giant, Roper Technologies (NYSE:ROP) produces engineered products for global niche markets. Per its public profile, the company services customers in over 100 countries. Presently, Roper commands a market capitalization of $45.7 billion. Since the Jan. opener, ROP dipped by 1%. In the past 365 days, it’s down a bit over 5%.
Nevertheless, contrarian investors of blue-chip stocks to buy should take a closer look at Roper. For one thing, the market prices ROP at a trailing multiple of 10.1. As a discount to earnings, the company ranks better than 88.44% of the competition. In addition, it features a decently stable balance sheet with an Altman Z-Score of 3.55, indicating low bankruptcy risk. Regarding the main topic of this article, Roper features an ROE of 33.06%. This stat outpaces over 93% of its peers. Finally, Wall Street analysts peg ROP as a consensus moderate buy. Further, their average price target stands at $487.20, implying over 13% upside potential.
Ecopetrol (EC)
Source: Shutterstock
A hydrocarbon energy specialist, Ecopetrol (NYSE:EC) represents the largest and primary petroleum company in Colombia. Fundamentally, Ecopetrol may gain as crude prices rise, primarily due to China’s economic reopening. Currently, the company commands a market cap of $23.42 billion. Since the January opener, EC gained over 15% of its equity value.
Financially, it might not be terribly surprising to see EC rise above other blue-chip stocks to buy. For one thing, the market prices EC at a trailing multiple of 3.08. As a discount to earnings, Ecopetrol ranks better than 79.58% of its peers. Also, the company enjoys a three-year book growth rate of 18.7%, above 73.73% of the industry. Regarding quality, Ecopetrol’s ROE stands at 42.32%. This stat ranks above 85.38% of the oil and gas industry. Turning to Wall Street, analysts peg EC as a consensus moderate buy. Moreover, their average price target stands at $13.13, implying nearly 15% upside potential.
DuPont (DD)
Source: Shutterstock
A multinational chemical firm, DuPont (NYSE:DD) specializes in applied sciences to facilitate solutions for various industrial applications. Presently, the company carries a market cap of $34.21 billion. Since the January opener, DuPont gained over 8% of its equity value. For the trailing year, shares barely poked their head above parity. Still, investors should give this opportunity a deeper dive as it could be one of the best blue-chip stocks to buy. Currently, the market prices DD at a trailing multiple of 6.26. As a discount to earnings, DuPont ranks better than 88.43% of sector players.
Also, its three-year free cash flow (FCF) growth rate pings at 42.9%, above 82% of the industry. Regarding quality, DuPont’s ROE is 22.64%, outpacing 83.71% of the field. Also, its return on asset (ROA) is 13.28%, beating out 84.63% of rivals. Looking to the Street, covering analysts peg DD as a consensus moderate buy. As well, their average price target stands at $86.17, implying over 15% upside potential.
Stellantis (STLA)
Source: Shutterstock
A global automaker, Stellantis (NYSE:STLA) has been on a roll lately. Recently, the company has been aggressively investing in the electrification of mobility. Better yet, the results are evident in the charts. Since the Jan. opener, STLA gained a whopping 29% of equity value. In the past 365 days, it’s up over 25%.
Despite the robust enthusiasm, STLA could still enjoy upward momentum. Therefore, it deserves close attention among blue-chip stocks to buy. Specifically, the market prices STLA at a forward multiple of 4.16. As a discount to earnings, Stellantis ranks better than 96% of its peers. Also, the company enjoys a three-year EBITDA growth rate of 32.2%. In terms of quality, Stellantis printed an ROE of 25.59%. This metric rates above 91% of the auto industry. As well, its ROA pings at 9.13%, above 85% of sector rivals. Lastly, Wall Street analysts peg STLA as a consensus strong buy. Their average price target stands at $22.07, implying over 17% upside potential.
United Microelectronics (UMC)
Source: Shutterstock
Based in Taiwan, United Microelectronics (NYSE:UMC) is a semiconductor specialist. Notably, United’s technologies support applications in smartphones, virtual reality, and 5G infrastructure, among others. Currently, the company carries a market cap of $21 billion. Since the Jan. opener, UMC got off to a blistering start, gaining nearly 28%. However, it’s down almost 9% during the trailing year.
Nevertheless, UMC could make for an enticing case among blue-chip stocks to buy. In particular, the market prices UMC at a forward multiple of 11.28. As a discount to earnings, the semiconductor firm ranks better than 86.62% of the field. As well, the company enjoys solid revenue growth and excellent profit margins. Per the quality equation, United’s ROE stands at 28%. This stat ranks above 88% of the industry. Also, its ROA hit 16.7%, above 87% of its peers. Lastly, Wall Street analysts peg UMC as a consensus moderate buy. Further, their average price target stands at $9.90, implying over 17% upside potential.
Emerson Electric (EMR)
Source: Shutterstock
A multinational firm headquartered in Missouri, Emerson Electric (NYSE:EMR) manufactures products and provides engineering services for industrial, commercial, and consumer markets. At the moment, the company carries a market cap of nearly $49 billion. Since the start of the year, EMR slipped 11%. For the past 365 days, shares dipped almost 7%.
While not immediately confidence-inspiring, EMR could be one of the blue-chip stocks to buy for contrarian investors. For one thing, it presents an interesting value proposition. Right now, the market prices EMR at a trailing multiple of 10.86. As a discount to earnings, Emerson ranks better than 77.75% of the underlying sector. Moreover, its three-year book growth rate stands at 9.2%, better than 63.26% of its peers. For quality, Emerson’s ROE stands at 44.67% while its ROA comes in at 14.1%. Both stats rank better than at least 93% of the industrial products sector. Looking to the Street, analysts peg UMC as a consensus moderate buy. Their average price target is $101.57, implying nearly 19% upside potential.
Sanofi (SNY)
Source: Shutterstock
A healthcare giant, Sanofi (NASDAQ:SNY) engages in the research and development, manufacturing and marketing of pharmacological products, principally in the prescription market. As well, the company develops over-the-counter medications. Currently, Sanofi commands a market cap of $120.3 billion. Since the beginning of the year, SNY dipped 2.5%. In the trailing year, it’s down 1.5%.
Still, investors may use this opportunity to acquire one of the top blue-chip stocks to buy on the cheap. Right now, the market prices SNY at a trailing multiple of 10.68. As a discount to earnings, Sanofi ranks better than 71.4% of the competition. Also, shares trade at a forward multiple of 10.68. Here, this stat rates conspicuously below the sector median of 15.93.
For quality, Sanofi’s ROE pings at 11.71%, above 73.2% of its peers. Also, its ROA hit 6.81%, beating out 74.5% of its rivals. Lastly, Wall Street analysts peg SNY as a consensus moderate buy. Their average price target stands at $65, implying over 36% upside potential.
On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare.
The post 7 Blue-Chip Stocks to Buy for Quality-Focused Investors appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In addition, it features a decently stable balance sheet with an Altman Z-Score of 3.55, indicating low bankruptcy risk. ROP Roper Technologies $429.05 EC Ecopetrol $11.64 DD DuPont $72.75 STLA Stellantis $18.66 UMC United Microelectronics $8.28 EMR Emerson Electric $87.28 SNY Sanofi $47.71 Roper Technologies (ROP) Source: Shutterstock An industrial giant, Roper Technologies (NYSE:ROP) produces engineered products for global niche markets. DuPont (DD) Source: Shutterstock A multinational chemical firm, DuPont (NYSE:DD) specializes in applied sciences to facilitate solutions for various industrial applications.
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ROP Roper Technologies $429.05 EC Ecopetrol $11.64 DD DuPont $72.75 STLA Stellantis $18.66 UMC United Microelectronics $8.28 EMR Emerson Electric $87.28 SNY Sanofi $47.71 Roper Technologies (ROP) Source: Shutterstock An industrial giant, Roper Technologies (NYSE:ROP) produces engineered products for global niche markets. In addition, it features a decently stable balance sheet with an Altman Z-Score of 3.55, indicating low bankruptcy risk. DuPont (DD) Source: Shutterstock A multinational chemical firm, DuPont (NYSE:DD) specializes in applied sciences to facilitate solutions for various industrial applications.
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ROP Roper Technologies $429.05 EC Ecopetrol $11.64 DD DuPont $72.75 STLA Stellantis $18.66 UMC United Microelectronics $8.28 EMR Emerson Electric $87.28 SNY Sanofi $47.71 Roper Technologies (ROP) Source: Shutterstock An industrial giant, Roper Technologies (NYSE:ROP) produces engineered products for global niche markets. In addition, it features a decently stable balance sheet with an Altman Z-Score of 3.55, indicating low bankruptcy risk. DuPont (DD) Source: Shutterstock A multinational chemical firm, DuPont (NYSE:DD) specializes in applied sciences to facilitate solutions for various industrial applications.
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ROP Roper Technologies $429.05 EC Ecopetrol $11.64 DD DuPont $72.75 STLA Stellantis $18.66 UMC United Microelectronics $8.28 EMR Emerson Electric $87.28 SNY Sanofi $47.71 Roper Technologies (ROP) Source: Shutterstock An industrial giant, Roper Technologies (NYSE:ROP) produces engineered products for global niche markets. In addition, it features a decently stable balance sheet with an Altman Z-Score of 3.55, indicating low bankruptcy risk. DuPont (DD) Source: Shutterstock A multinational chemical firm, DuPont (NYSE:DD) specializes in applied sciences to facilitate solutions for various industrial applications.
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7266f670-ac16-4ff7-9e08-8c1ef61b4901
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715883.0
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2023-03-03 00:00:00 UTC
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Friday Sector Laggards: Consumer Products, Materials
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DD
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https://www.nasdaq.com/articles/friday-sector-laggards%3A-consumer-products-materials-0
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nan
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nan
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The worst performing sector as of midday Friday is the Consumer Products sector, higher by 0.6%. Within that group, Hormel Foods Corp. (Symbol: HRL) and McCormick & Co Inc (Symbol: MKC) are two large stocks that are lagging, showing a loss of 3.0% and 0.6%, respectively. Among consumer products ETFs, one ETF following the sector is the iShares U.S. Consumer Goods ETF (Symbol: IYK), which is up 0.1% on the day, and down 3.65% year-to-date. Hormel Foods Corp., meanwhile, is down 10.73% year-to-date, and McCormick & Co Inc, is down 12.99% year-to-date. Combined, HRL and MKC make up approximately 1.5% of the underlying holdings of IYK.
The next worst performing sector is the Materials sector, up 0.9%. Among large Materials stocks, FMC Corp. (Symbol: FMC) and DuPont (Symbol: DD) are the most notable, showing a loss of 0.7% and 0.6%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is up 1.1% in midday trading, and up 8.66% on a year-to-date basis. FMC Corp., meanwhile, is up 2.40% year-to-date, and DuPont is up 8.67% year-to-date. Combined, FMC and DD make up approximately 5.7% 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 Friday. As you can see, nine sectors are up on the day, while none of the sectors are down.
SECTOR % CHANGE
Energy +1.5%
Healthcare +1.3%
Financial +1.2%
Technology & Communications +1.2%
Utilities +1.1%
Services +1.0%
Industrial +1.0%
Materials +0.9%
Consumer Products +0.6%
25 Dividend Giants Widely Held By ETFs »
Also see:
Materials Stocks Hedge Funds Are Selling
Top 10 Hedge Funds Holding American Airlines Group
GNE YTD Return
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The worst performing sector as of midday Friday is the Consumer Products sector, higher by 0.6%. Among large Materials stocks, FMC Corp. (Symbol: FMC) and DuPont (Symbol: DD) are the most notable, showing a loss of 0.7% and 0.6%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is up 1.1% in midday trading, and up 8.66% on a year-to-date basis.
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The worst performing sector as of midday Friday is the Consumer Products sector, higher by 0.6%. Among large Materials stocks, FMC Corp. (Symbol: FMC) and DuPont (Symbol: DD) are the most notable, showing a loss of 0.7% and 0.6%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is up 1.1% in midday trading, and up 8.66% on a year-to-date basis.
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One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is up 1.1% in midday trading, and up 8.66% on a year-to-date basis. The worst performing sector as of midday Friday is the Consumer Products sector, higher by 0.6%. Among large Materials stocks, FMC Corp. (Symbol: FMC) and DuPont (Symbol: DD) are the most notable, showing a loss of 0.7% and 0.6%, respectively.
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The worst performing sector as of midday Friday is the Consumer Products sector, higher by 0.6%. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is up 1.1% in midday trading, and up 8.66% on a year-to-date basis. Among large Materials stocks, FMC Corp. (Symbol: FMC) and DuPont (Symbol: DD) are the most notable, showing a loss of 0.7% and 0.6%, respectively.
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6705f818-3293-45b8-ad46-25f36c63aa9a
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715884.0
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2023-02-27 00:00:00 UTC
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Rogers adds two independent directors after Starboard agreement
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DD
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https://www.nasdaq.com/articles/rogers-adds-two-independent-directors-after-starboard-agreement
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nan
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nan
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Adds background
Feb 27 (Reuters) - Electronics materials maker Rogers Corp ROG.N said on Monday it has entered into an agreement with activist investment firm Starboard Value LP to add two independent directors to the company's board.
The company has appointed former Linde Plc LIN.N executive Anne Roby and former chief of electrical power storage firm C&D Technologies Armand Lauzon as new independent directors.
The board will consist of nine members after the annual meeting, Rogers said.
Starboard will withdraw its director nominations, Rogers said, adding the firm has also entered into a standstill and voting agreement.
Starboard, which owns about 6.5% of Rogers, revealed in a filing earlier this month, that it had nominated three independent director candidates plus three of the firm's principals to Rogers' board in a bid to push for changes.
The move followed a 36% fall in Rogers' shares since November, when DuPont DD.N walked away from a $5.2 billion deal to buy the company because it failed to secure regulatory approval for the transaction in China.
As of Friday, Rogers had a market value of $2.82 billion. The company, which was founded in 1832, makes materials used in electronics and wireless infrastructure.
(Reporting by Pratyush Thakur in Bengaluru; Editing by Shailesh Kuber and Sriraj Kalluvila)
((pratyush.thakur@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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Starboard will withdraw its director nominations, Rogers said, adding the firm has also entered into a standstill and voting agreement. The move followed a 36% fall in Rogers' shares since November, when DuPont DD.N walked away from a $5.2 billion deal to buy the company because it failed to secure regulatory approval for the transaction in China. Adds background Feb 27 (Reuters) - Electronics materials maker Rogers Corp ROG.N said on Monday it has entered into an agreement with activist investment firm Starboard Value LP to add two independent directors to the company's board.
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Adds background Feb 27 (Reuters) - Electronics materials maker Rogers Corp ROG.N said on Monday it has entered into an agreement with activist investment firm Starboard Value LP to add two independent directors to the company's board. Starboard will withdraw its director nominations, Rogers said, adding the firm has also entered into a standstill and voting agreement. The move followed a 36% fall in Rogers' shares since November, when DuPont DD.N walked away from a $5.2 billion deal to buy the company because it failed to secure regulatory approval for the transaction in China.
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Adds background Feb 27 (Reuters) - Electronics materials maker Rogers Corp ROG.N said on Monday it has entered into an agreement with activist investment firm Starboard Value LP to add two independent directors to the company's board. Starboard will withdraw its director nominations, Rogers said, adding the firm has also entered into a standstill and voting agreement. The move followed a 36% fall in Rogers' shares since November, when DuPont DD.N walked away from a $5.2 billion deal to buy the company because it failed to secure regulatory approval for the transaction in China.
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Adds background Feb 27 (Reuters) - Electronics materials maker Rogers Corp ROG.N said on Monday it has entered into an agreement with activist investment firm Starboard Value LP to add two independent directors to the company's board. Starboard will withdraw its director nominations, Rogers said, adding the firm has also entered into a standstill and voting agreement. The move followed a 36% fall in Rogers' shares since November, when DuPont DD.N walked away from a $5.2 billion deal to buy the company because it failed to secure regulatory approval for the transaction in China.
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a7f84614-c5cb-4458-8e24-56272a13e15c
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715885.0
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2023-02-24 00:00:00 UTC
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DD Dividend Yield Pushes Past 2%
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DD
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https://www.nasdaq.com/articles/dd-dividend-yield-pushes-past-2-0
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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, in trading on Friday, shares of DuPont (Symbol: DD) were yielding above the 2% mark based on its quarterly dividend (annualized to $1.44), with the stock changing hands as low as $71.46 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return. To illustrate, suppose for example you purchased shares of the S&P 500 ETF (SPY) back on 12/31/1999 — you would have paid $146.88 per share. Fast forward to 12/31/2012 and each share was worth $142.41 on that date, a decrease of $4.67/share over all those years. But now consider that you collected a whopping $25.98 per share in dividends over the same period, for a positive total return of 23.36%. Even with dividends reinvested, that only amounts to an average annual total return of about 1.6%; so by comparison collecting a yield above 2% would appear considerably attractive if that yield is sustainable. DuPont (Symbol: DD) is an S&P 500 company, giving it special status as one of the large-cap companies making up the S&P 500 Index.
In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of DuPont, looking at the history chart for DD below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 2% annual yield.
Click here to find out which 9 other dividend stocks just recently went on sale »
Also see:
Cheap Midcap Stocks
ETFs Holding DAR
LOTZ 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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Looking at the universe of stocks we cover at Dividend Channel, in trading on Friday, shares of DuPont (Symbol: DD) were yielding above the 2% mark based on its quarterly dividend (annualized to $1.44), with the stock changing hands as low as $71.46 on the day. DuPont (Symbol: DD) is an S&P 500 company, giving it special status as one of the large-cap companies making up the S&P 500 Index. In the case of DuPont, looking at the history chart for DD below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 2% annual yield.
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Looking at the universe of stocks we cover at Dividend Channel, in trading on Friday, shares of DuPont (Symbol: DD) were yielding above the 2% mark based on its quarterly dividend (annualized to $1.44), with the stock changing hands as low as $71.46 on the day. DuPont (Symbol: DD) is an S&P 500 company, giving it special status as one of the large-cap companies making up the S&P 500 Index. In the case of DuPont, looking at the history chart for DD below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 2% annual yield.
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Looking at the universe of stocks we cover at Dividend Channel, in trading on Friday, shares of DuPont (Symbol: DD) were yielding above the 2% mark based on its quarterly dividend (annualized to $1.44), with the stock changing hands as low as $71.46 on the day. DuPont (Symbol: DD) is an S&P 500 company, giving it special status as one of the large-cap companies making up the S&P 500 Index. In the case of DuPont, looking at the history chart for DD below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 2% annual yield.
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DuPont (Symbol: DD) is an S&P 500 company, giving it special status as one of the large-cap companies making up the S&P 500 Index. Looking at the universe of stocks we cover at Dividend Channel, in trading on Friday, shares of DuPont (Symbol: DD) were yielding above the 2% mark based on its quarterly dividend (annualized to $1.44), with the stock changing hands as low as $71.46 on the day. In the case of DuPont, looking at the history chart for DD below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 2% annual yield.
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00f5eeda-e308-4589-819e-e4cb0a0e3783
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715886.0
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2023-02-23 00:00:00 UTC
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DuPont About To Put More Money In Your Pocket (DD)
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DD
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https://www.nasdaq.com/articles/dupont-about-to-put-more-money-in-your-pocket-dd
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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 2/27/23, DuPont (Symbol: DD) will trade ex-dividend, for its quarterly dividend of $0.36, payable on 3/15/23. As a percentage of DD's recent stock price of $73.43, this dividend works out to approximately 0.49%.
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from DD is likely to continue, and whether the current estimated yield of 1.96% on annualized basis is a reasonable expectation of annual yield going forward. 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 $49.52 per share, with $78.98 as the 52 week high point — that compares with a last trade of $73.30.
In Thursday trading, DuPont shares are currently up about 0.7% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
Also see:
High-Yield REITs
EOG DMA
ETR Next Dividend Date
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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As a percentage of DD's recent stock price of $73.43, this dividend works out to approximately 0.49%. In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from DD is likely to continue, and whether the current estimated yield of 1.96% on annualized basis is a reasonable expectation of annual yield going forward. 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 $49.52 per share, with $78.98 as the 52 week high point — that compares with a last trade of $73.30.
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As a percentage of DD's recent stock price of $73.43, this dividend works out to approximately 0.49%. 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 $49.52 per share, with $78.98 as the 52 week high point — that compares with a last trade of $73.30. Looking at the universe of stocks we cover at Dividend Channel, on 2/27/23, DuPont (Symbol: DD) will trade ex-dividend, for its quarterly dividend of $0.36, payable on 3/15/23.
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Looking at the universe of stocks we cover at Dividend Channel, on 2/27/23, DuPont (Symbol: DD) will trade ex-dividend, for its quarterly dividend of $0.36, payable on 3/15/23. In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from DD is likely to continue, and whether the current estimated yield of 1.96% on annualized basis is a reasonable expectation of annual yield going forward. 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 $49.52 per share, with $78.98 as the 52 week high point — that compares with a last trade of $73.30.
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As a percentage of DD's recent stock price of $73.43, this dividend works out to approximately 0.49%. In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from DD is likely to continue, and whether the current estimated yield of 1.96% on annualized basis is a reasonable expectation of annual yield going forward. Looking at the universe of stocks we cover at Dividend Channel, on 2/27/23, DuPont (Symbol: DD) will trade ex-dividend, for its quarterly dividend of $0.36, payable on 3/15/23.
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c66790cd-5454-4f67-a81a-7aad26bb6d6c
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715887.0
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2023-02-23 00:00:00 UTC
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Validea Guru Fundamental Report for DD - 2/23/2023
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DD
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https://www.nasdaq.com/articles/validea-guru-fundamental-report-for-dd-2-23-2023
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nan
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nan
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Below is Validea's daily guru fundamental report for DUPONT DE NEMOURS INC (DD). Of the 22 guru strategies we follow, DD rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber. This strategy looks for companies returning cash to shareholders via dividends, buybacks and debt paydown.
DUPONT DE NEMOURS INC (DD) is a large-cap growth stock in the Biotechnology & Drugs industry. The rating using this strategy is 95% 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.
UNIVERSE: PASS
NET PAYOUT YIELD: PASS
QUALITY AND DEBT: PASS
VALUATION: PASS
RELATIVE STRENGTH: PASS
SHAREHOLDER YIELD: PASS
Detailed Analysis of DUPONT DE NEMOURS INC
DD Guru Analysis
DD Fundamental Analysis
Meb Faber Portfolio
About Meb Faber: Meb Faber is the founder of Cambria Investments. His research has covered a wide spectrum of the investment world, including topics like shareholder yield, trend following, global asset allocation and home country bias. His shareholder yield strategy, which is based on his book "Shareholder Yield" and forms the basis for an ETF of the same name, looks for companies that are focused on creating value for shareholders by returning cash to them in the form of dividends, share buybacks and debt paydown. Meb is also the author of 4 other books and numerous white papers on investing related topics.
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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DUPONT DE NEMOURS INC (DD) is a large-cap growth stock in the Biotechnology & Drugs industry. Below is Validea's daily guru fundamental report for DUPONT DE NEMOURS INC (DD). Of the 22 guru strategies we follow, DD rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber.
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Of the 22 guru strategies we follow, DD rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber. Detailed Analysis of DUPONT DE NEMOURS INC DD Guru Analysis DD Fundamental Analysis Meb Faber Portfolio About Meb Faber: Meb Faber is the founder of Cambria Investments. Below is Validea's daily 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 Shareholder Yield Investor model based on the published strategy of Meb Faber. Detailed Analysis of DUPONT DE NEMOURS INC DD Guru Analysis DD Fundamental Analysis Meb Faber Portfolio About Meb Faber: Meb Faber is the founder of Cambria Investments. Below is Validea's daily 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 Shareholder Yield Investor model based on the published strategy of Meb Faber. Detailed Analysis of DUPONT DE NEMOURS INC DD Guru Analysis DD Fundamental Analysis Meb Faber Portfolio About Meb Faber: Meb Faber is the founder of Cambria Investments. Below is Validea's daily guru fundamental report for DUPONT DE NEMOURS INC (DD).
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781e35ea-d0a4-48a6-87c2-c7f54239662b
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715888.0
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2023-02-17 00:00:00 UTC
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How The Parts Add Up: VOO Targets $414
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DD
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https://www.nasdaq.com/articles/how-the-parts-add-up%3A-voo-targets-%24414
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nan
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nan
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Vanguard S&P 500 ETF (Symbol: VOO), we found that the implied analyst target price for the ETF based upon its underlying holdings is $413.91 per unit.
With VOO trading at a recent price near $375.27 per unit, that means that analysts see 10.30% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of VOO's underlying holdings with notable upside to their analyst target prices are DuPont de Nemours Inc (Symbol: DD), Vertex Pharmaceuticals, Inc. (Symbol: VRTX), and Citizens Financial Group Inc (Symbol: CFG). Although DD has traded at a recent price of $75.47/share, the average analyst target is 11.11% higher at $83.86/share. Similarly, VRTX has 11.10% upside from the recent share price of $292.04 if the average analyst target price of $324.44/share is reached, and analysts on average are expecting CFG to reach a target price of $47.47/share, which is 10.88% above the recent price of $42.81. Below is a twelve month price history chart comparing the stock performance of DD, VRTX, and CFG:
Below is a summary table of the current analyst target prices discussed above:
NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
Vanguard S&P 500 ETF VOO $375.27 $413.91 10.30%
DuPont de Nemours Inc DD $75.47 $83.86 11.11%
Vertex Pharmaceuticals, Inc. VRTX $292.04 $324.44 11.10%
Citizens Financial Group Inc CFG $42.81 $47.47 10.88%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
Also see:
Top Dividend Stocks Year To Date
LNKB Stock Predictions
Top Ten Hedge Funds Holding BRZU
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Vanguard S&P 500 ETF VOO $375.27 $413.91 10.30% DuPont de Nemours Inc DD $75.47 $83.86 11.11% Vertex Pharmaceuticals, Inc. VRTX $292.04 $324.44 11.10% Citizens Financial Group Inc CFG $42.81 $47.47 10.88% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of VOO's underlying holdings with notable upside to their analyst target prices are DuPont de Nemours Inc (Symbol: DD), Vertex Pharmaceuticals, Inc. (Symbol: VRTX), and Citizens Financial Group Inc (Symbol: CFG). Although DD has traded at a recent price of $75.47/share, the average analyst target is 11.11% higher at $83.86/share.
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Three of VOO's underlying holdings with notable upside to their analyst target prices are DuPont de Nemours Inc (Symbol: DD), Vertex Pharmaceuticals, Inc. (Symbol: VRTX), and Citizens Financial Group Inc (Symbol: CFG). Vanguard S&P 500 ETF VOO $375.27 $413.91 10.30% DuPont de Nemours Inc DD $75.47 $83.86 11.11% Vertex Pharmaceuticals, Inc. VRTX $292.04 $324.44 11.10% Citizens Financial Group Inc CFG $42.81 $47.47 10.88% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Although DD has traded at a recent price of $75.47/share, the average analyst target is 11.11% higher at $83.86/share.
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Three of VOO's underlying holdings with notable upside to their analyst target prices are DuPont de Nemours Inc (Symbol: DD), Vertex Pharmaceuticals, Inc. (Symbol: VRTX), and Citizens Financial Group Inc (Symbol: CFG). Although DD has traded at a recent price of $75.47/share, the average analyst target is 11.11% higher at $83.86/share. Below is a twelve month price history chart comparing the stock performance of DD, VRTX, and CFG: Below is a summary table of the current analyst target prices discussed above:
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Vanguard S&P 500 ETF VOO $375.27 $413.91 10.30% DuPont de Nemours Inc DD $75.47 $83.86 11.11% Vertex Pharmaceuticals, Inc. VRTX $292.04 $324.44 11.10% Citizens Financial Group Inc CFG $42.81 $47.47 10.88% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of VOO's underlying holdings with notable upside to their analyst target prices are DuPont de Nemours Inc (Symbol: DD), Vertex Pharmaceuticals, Inc. (Symbol: VRTX), and Citizens Financial Group Inc (Symbol: CFG). Although DD has traded at a recent price of $75.47/share, the average analyst target is 11.11% higher at $83.86/share.
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3b2469a4-8ee0-440c-b773-bfc72023184c
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715889.0
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2023-02-16 00:00:00 UTC
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DD October 20th Options Begin Trading
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DD
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https://www.nasdaq.com/articles/dd-october-20th-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 begin trading today, for the October 20th 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 October 20th 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 $5.30. 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 $69.70 (before broker commissions). To an investor already interested in purchasing shares of DD, that could represent an attractive alternative to paying $75.95/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 7.07% return on the cash commitment, or 10.49% 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 $6.10. If an investor was to purchase shares of DD stock at the current price level of $75.95/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 10.07% if the stock gets called away at the October 20th 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 8.03% boost of extra return to the investor, or 11.92% 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 $75.95) to be 33%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
Also see:
Office Supplies Dividend Stocks
Institutional Holders of LIT
Funds Holding SABS
The views and 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 begin trading today, for the October 20th 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 October 20th 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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66f87294-d529-4983-a90e-cd04089d19e2
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715890.0
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2023-02-09 00:00:00 UTC
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What Makes DuPont de Nemours (DD) a New Buy Stock
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DD
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https://www.nasdaq.com/articles/what-makes-dupont-de-nemours-dd-a-new-buy-stock
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nan
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nan
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DuPont de Nemours (DD) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.
The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.
The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time.
Therefore, the Zacks rating upgrade for DuPont de Nemours basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.
Most Powerful Force Impacting Stock Prices
The change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.
For DuPont de Nemours, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.
Harnessing the Power of Earnings Estimate Revisions
Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>.
Earnings Estimate Revisions for DuPont de Nemours
This specialty chemicals maker is expected to earn $3.89 per share for the fiscal year ending December 2023, which represents a year-over-year change of 14.1%.
Analysts have been steadily raising their estimates for DuPont de Nemours. Over the past three months, the Zacks Consensus Estimate for the company has increased 3.4%.
Bottom Line
Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of DuPont de Nemours to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry
Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
>>Send me my free report on the top 5 EV 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
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) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report To read this article on Zacks.com click here. Therefore, the Zacks rating upgrade for DuPont de Nemours basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.
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DuPont de Nemours (DD) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report To read this article on Zacks.com click here. The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts.
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DuPont de Nemours (DD) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report To read this article on Zacks.com click here. Most Powerful Force Impacting Stock Prices The change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated.
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DuPont de Nemours (DD) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report To read this article on Zacks.com click here. Therefore, the Zacks rating upgrade for DuPont de Nemours basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.
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f8d6a45e-db90-4924-933c-d9d16be88625
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715891.0
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2023-02-09 00:00:00 UTC
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Are Basic Materials Stocks Lagging ClevelandCliffs (CLF) This Year?
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DD
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https://www.nasdaq.com/articles/are-basic-materials-stocks-lagging-clevelandcliffs-clf-this-year
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nan
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nan
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Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Is Cleveland-Cliffs (CLF) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Cleveland-Cliffs is a member of our Basic Materials group, which includes 238 different companies and currently sits at #10 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Cleveland-Cliffs is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for CLF's full-year earnings has moved 88.1% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that CLF has returned about 25.5% since the start of the calendar year. In comparison, Basic Materials companies have returned an average of 7.7%. This means that Cleveland-Cliffs is performing better than its sector in terms of year-to-date returns.
Another Basic Materials stock, which has outperformed the sector so far this year, is DuPont de Nemours (DD). The stock has returned 12.1% year-to-date.
Over the past three months, DuPont de Nemours' consensus EPS estimate for the current year has increased 3.4%. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Cleveland-Cliffs is a member of the Mining - Miscellaneous industry, which includes 49 individual companies and currently sits at #87 in the Zacks Industry Rank. This group has gained an average of 7.4% so far this year, so CLF is performing better in this area.
DuPont de Nemours, however, belongs to the Chemical - Diversified industry. Currently, this 34-stock industry is ranked #179. The industry has moved +6.2% so far this year.
Investors with an interest in Basic Materials stocks should continue to track Cleveland-Cliffs and DuPont de Nemours. These stocks will be looking to continue their solid performance.
Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry
Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
>>Send me my free report on the top 5 EV 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
Cleveland-Cliffs Inc. (CLF) : Free Stock Analysis 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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Another Basic Materials stock, which has outperformed the sector so far this year, is DuPont de Nemours (DD). Click to get this free report Cleveland-Cliffs Inc. (CLF) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report To read this article on Zacks.com click here. Cleveland-Cliffs is a member of our Basic Materials group, which includes 238 different companies and currently sits at #10 in the Zacks Sector Rank.
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Another Basic Materials stock, which has outperformed the sector so far this year, is DuPont de Nemours (DD). Click to get this free report Cleveland-Cliffs Inc. (CLF) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report To read this article on Zacks.com click here. Investors with an interest in Basic Materials stocks should continue to track Cleveland-Cliffs and DuPont de Nemours.
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Click to get this free report Cleveland-Cliffs Inc. (CLF) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report To read this article on Zacks.com click here. Another Basic Materials stock, which has outperformed the sector so far this year, is DuPont de Nemours (DD). Cleveland-Cliffs is a member of our Basic Materials group, which includes 238 different companies and currently sits at #10 in the Zacks Sector Rank.
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Another Basic Materials stock, which has outperformed the sector so far this year, is DuPont de Nemours (DD). Click to get this free report Cleveland-Cliffs Inc. (CLF) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report To read this article on Zacks.com click here. Our latest available data shows that CLF has returned about 25.5% since the start of the calendar year.
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08c194ad-334c-4869-b18f-cd765dd49e51
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715892.0
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2023-02-07 00:00:00 UTC
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Wall Street rallies but trade choppy as investors digest Powell comments
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DD
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https://www.nasdaq.com/articles/wall-street-rallies-but-trade-choppy-as-investors-digest-powell-comments
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nan
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nan
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By Carolina Mandl and Johann M Cherian
Feb 7 (Reuters) - U.S. stocks rallied to a convincingly higher close on Tuesday, but trade was choppy as investors digested comments from Federal Reserve Chair Jerome Powell about how long the central bank may need to tame inflation.
Powell said 2023 should be a year of "significant declines in inflation."
His comments renewed investor hopes for less aggressive monetary policy that wavered after a strong U.S. jobs report last Friday. "We didn't expect it to be this strong," Powell said at the Economic Club of Washington, referring to the nonfarm payrolls report for January, but it "shows why we think this will be a process that takes quite a bit of time."
"Powell expects they're not going to be cutting rates anytime soon, but that there is a good path, that they’re accomplishing what they need to accomplish,” said Shawn Cruz, head trading strategist at TD Ameritrade.
Wall Street's main indexes fluctuated wildly during and after Powell's remarks, and analysts said volatility is unlikely to dissipate soon.
"Until we see softening and inflation throughout the economy and throughout the globe, it's going to be hard to push the markets up in a decisive fashion," said Carol Schleif, deputy chief investment officer at BMO Family Office.
The tech-heavy Nasdaq .IXIC rallied on news form Microsoft Corp MSFT.O, and the S&P 500 .SPX also got a boost. The company's shares rose 1.29% as it unveiled an integration of ChatGPT, a chatbot from OpenAI, into its products.
Following Powell's comments, Morgan Stanley said it added 25 basis point to its forecast for the May policy meeting, but continued to expect the first 25 basis point rate cut for December, 2023.
Last week, the Fed raised interest rates by 25 basis points, with markets now pricing in a peak rate above 5% after Friday's strong jobs data.
U.S.-listed shares of Baidu Inc BIDU.O soared 12.18% as the Chinese search engine said it would conclude testing of its ChatGPT-style project "Ernie Bot" in March.
Most sectors on the S&P 500 ended higher. The energy sector .SPNY the top gainer as crude prices surged more than 3% on Powell's remarks. The technology .SPLRCL and communication services .SPLRCT sectors were also among top gainers.
Among top gainers on the Dow Jones Industrial Average .DJI, Boeing Inc BA.N went up 3.84% after the U.S. planemaker confirmed it expects to cut about 2,000 white-collar jobs.
The Dow Jones Industrial Average .DJI rose 265.67 points, or 0.78%, to 34,156.69, the S&P 500 .SPX gained 52.92 points, or 1.29%, to 4,164 and the Nasdaq Composite .IXIC added 226.34 points, or 1.9%, to 12,113.79.
Volume on U.S. exchanges was 11.98 billion shares, in line with the full session over the last 20 trading days.
On Monday, U.S. stock indexes were dragged by views that rates would stay higher for longer. Still, all three major averages are in the black for 2023, with the Nasdaq adding over 15%, led by a revival in battered mega-cap growth stocks.
So far, more than half of the companies on the S&P 500 have reported quarterly earnings, with 69.1% of them beating expectations, according to Refinitiv. Still, analysts expect fourth-quarter earnings to decline 3.1%.
DuPont De Nemours Inc DD.N jumped 7.50% on a higher-than-expected quarterly profit supported by higher pricing for its products.
Bed Bath & Beyond BBBY.O plunged almost 50% as the home-goods retailer sought to raise $1 billion in a last-ditch effort to avoid bankruptcy. The company completed the equity offering after the close of trading.
Later on Tuesday, U.S. President Joe Biden will deliver the annual State of the Union address to a joint session of Congress.
Advancing issues outnumbered declining ones on the NYSE by a 1.68-to-1 ratio; on Nasdaq, a 1.42-to-1 ratio favored advancers.
The S&P 500 posted 5 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 90 new highs and 31 new lows.
(Reporting by Carolina Mandl in New York, Johann M Cherian and Shubham Batra in Bengaluru, additional report by Chuck Mikolajczak, in New York Editing by Anil D'Silva, Matthew Lewis and David Gregorio)
((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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Following Powell's comments, Morgan Stanley said it added 25 basis point to its forecast for the May policy meeting, but continued to expect the first 25 basis point rate cut for December, 2023. The Dow Jones Industrial Average .DJI rose 265.67 points, or 0.78%, to 34,156.69, the S&P 500 .SPX gained 52.92 points, or 1.29%, to 4,164 and the Nasdaq Composite .IXIC added 226.34 points, or 1.9%, to 12,113.79. Still, all three major averages are in the black for 2023, with the Nasdaq adding over 15%, led by a revival in battered mega-cap growth stocks.
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The Dow Jones Industrial Average .DJI rose 265.67 points, or 0.78%, to 34,156.69, the S&P 500 .SPX gained 52.92 points, or 1.29%, to 4,164 and the Nasdaq Composite .IXIC added 226.34 points, or 1.9%, to 12,113.79. Following Powell's comments, Morgan Stanley said it added 25 basis point to its forecast for the May policy meeting, but continued to expect the first 25 basis point rate cut for December, 2023. Still, all three major averages are in the black for 2023, with the Nasdaq adding over 15%, led by a revival in battered mega-cap growth stocks.
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Following Powell's comments, Morgan Stanley said it added 25 basis point to its forecast for the May policy meeting, but continued to expect the first 25 basis point rate cut for December, 2023. (Reporting by Carolina Mandl in New York, Johann M Cherian and Shubham Batra in Bengaluru, additional report by Chuck Mikolajczak, in New York Editing by Anil D'Silva, Matthew Lewis and David Gregorio) ((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. The Dow Jones Industrial Average .DJI rose 265.67 points, or 0.78%, to 34,156.69, the S&P 500 .SPX gained 52.92 points, or 1.29%, to 4,164 and the Nasdaq Composite .IXIC added 226.34 points, or 1.9%, to 12,113.79.
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Following Powell's comments, Morgan Stanley said it added 25 basis point to its forecast for the May policy meeting, but continued to expect the first 25 basis point rate cut for December, 2023. The Dow Jones Industrial Average .DJI rose 265.67 points, or 0.78%, to 34,156.69, the S&P 500 .SPX gained 52.92 points, or 1.29%, to 4,164 and the Nasdaq Composite .IXIC added 226.34 points, or 1.9%, to 12,113.79. Still, all three major averages are in the black for 2023, with the Nasdaq adding over 15%, led by a revival in battered mega-cap growth stocks.
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107fcc78-5110-4c5b-8bf2-c92fc8d51ba2
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715893.0
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2023-02-07 00:00:00 UTC
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US STOCKS-Wall Street rises as investors digest Powell comments
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DD
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https://www.nasdaq.com/articles/us-stocks-wall-street-rises-as-investors-digest-powell-comments
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nan
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nan
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By Carolina Mandl and Johann M Cherian
Feb 7 (Reuters) - U.S. stocks closed higher after a choppy trading session on Tuesday, as investors digested comments from Federal Reserve Chair Jerome Powell about how long central bank may need to tame inflation.
Powell said 2023 should be a year of "significant declines in inflation."
His comments fed investor hopes for less aggressive monetary policy that were stymied after a strong U.S. jobs report last Friday. "We didn't expect it to be this strong," Powell said at the Economic Club of Washington, referring to the nonfarm payrolls report for January, but it "shows why we think this will be a process that takes quite a bit of time."
"Powell expects they're not going to be cutting rates anytime soon, but that there is a good path, that they’re accomplishing what they need to accomplish,” said Shawn Cruz, head trading strategist at TD Ameritrade.
Wall Street's main indexes fluctuated wildly during and after Powell's remarks, and analysts said volatility is unlikely to dissipate soon.
"Until we see softening and inflation throughout the economy and throughout the globe, it's going to be hard to push the markets up in a decisive fashion," said Carol Schleif, deputy chief investment officer at BMO Family Office.
The tech-heavy Nasdaq .IXIC rallied and the S&P 500 .SPX also got a boost from Microsoft Corp MSFT.O. The company's shares rose as it unveiled an integration of ChatGPT, a chatbot from OpenAI, into its products.
Following Powell's comments, Morgan Stanley said it added 25 basis point to its forecast for the May policy meeting, but continued to expect the first 25 basis point rate cut for December, 2023.
The Fed raised interest rates by 25 basis points last week, with markets now pricing in a peak rate above 5% after Friday's strong jobs data.
U.S.-listed shares of Baidu Inc BIDU.O soared as the Chinese search engine said it would conclude testing of its ChatGPT-style project "Ernie Bot" in March.
The top 11 sectors on the S&P 500 presented mixed performances, but technology .SPLRCT was among top gainers.
Among top gainers on the Dow Jones Industrial Average .DJI, Boeing Inc BA.N went up after the U.S. planemaker confirmed it expects to cut about 2,000 white-collar jobs.
According to preliminary data, the S&P 500 .SPX gained 52.99 points, or 1.29%, to end at 4,164.07 points, while the Nasdaq Composite .IXIC gained 225.16 points, or 1.89%, to 12,112.61. The Dow Jones Industrial Average .DJI rose 266.99 points, or 0.79%, to 34,158.01.
On Monday, U.S. stock indexes were dragged by views that rates would stay higher for longer. Still, all three major averages are in the black for 2023, with the Nasdaq adding over 15%, led by a revival in battered mega-cap growth stocks.
So far, more than half of the companies on the S&P 500 have reported quarterly earnings, with 69.1% of them beating expectations, according to Refinitiv. Still, analysts expect fourth-quarter earnings to decline 3.1%.
DuPont De Nemours Inc DD.N jumped on a higher-than-expected quarterly profit supported by higher pricing for its products.
Bed Bath & Beyond BBBY.O plunged as the home-goods retailer seeks a $1 billion raise in a last-ditch effort to avoid bankruptcy.
Later on Tuesday, U.S. President Joe Biden will deliver the annual State of the Union address to a joint session of Congress.
(Reporting by Carolina Mandl in New York, Johann M Cherian and Shubham Batra in Bengaluru, additional report by Chuck Mikolajczak, in New York Editing by Anil D'Silva, Matthew Lewis and David Gregorio)
((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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Following Powell's comments, Morgan Stanley said it added 25 basis point to its forecast for the May policy meeting, but continued to expect the first 25 basis point rate cut for December, 2023. Still, all three major averages are in the black for 2023, with the Nasdaq adding over 15%, led by a revival in battered mega-cap growth stocks. DuPont De Nemours Inc DD.N jumped on a higher-than-expected quarterly profit supported by higher pricing for its products.
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Following Powell's comments, Morgan Stanley said it added 25 basis point to its forecast for the May policy meeting, but continued to expect the first 25 basis point rate cut for December, 2023. Still, all three major averages are in the black for 2023, with the Nasdaq adding over 15%, led by a revival in battered mega-cap growth stocks. DuPont De Nemours Inc DD.N jumped on a higher-than-expected quarterly profit supported by higher pricing for its products.
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Following Powell's comments, Morgan Stanley said it added 25 basis point to its forecast for the May policy meeting, but continued to expect the first 25 basis point rate cut for December, 2023. (Reporting by Carolina Mandl in New York, Johann M Cherian and Shubham Batra in Bengaluru, additional report by Chuck Mikolajczak, in New York Editing by Anil D'Silva, Matthew Lewis and David Gregorio) ((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. Still, all three major averages are in the black for 2023, with the Nasdaq adding over 15%, led by a revival in battered mega-cap growth stocks.
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Following Powell's comments, Morgan Stanley said it added 25 basis point to its forecast for the May policy meeting, but continued to expect the first 25 basis point rate cut for December, 2023. Still, all three major averages are in the black for 2023, with the Nasdaq adding over 15%, led by a revival in battered mega-cap growth stocks. DuPont De Nemours Inc DD.N jumped on a higher-than-expected quarterly profit supported by higher pricing for its products.
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b691bae3-a974-4051-a443-7af6bca60f70
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715894.0
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2023-02-07 00:00:00 UTC
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S&P 500, Nasdaq edge higher on Microsoft boost; Powell comments eyed
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DD
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https://www.nasdaq.com/articles/sp-500-nasdaq-edge-higher-on-microsoft-boost-powell-comments-eyed
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nan
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By Johann M Cherian
Feb 7 (Reuters) - The S&P 500 and Nasdaq edged higher on Tuesday, propped up by gains in Microsoft shares, while investors awaited comments from Federal Reserve Chair Jerome Powell to assess the central bank's stance on monetary policy.
Powell's Q&A at the Economic Club of Washington is due at 12:40 p.m. EST (1740 GMT). The session will be in focus after astrong jobs reportlast week stymied rising hopes of less aggressive monetary policy.
"It looks like we're continuing to see a cautious tone for markets ever since the jobs report on Friday," said Chris Zaccarelli, chief investment officer at Independent Advisor Alliance.
Traders are speculating that the central bank would push the benchmark rate to 5.1% in June, levels that policymakers have backed vociferously. 0#FEDWATCH
Boosting the tech-heavy Nasdaq .IXICand the S&P 500 .SPX was Microsoft CorpMSFT.O. The company's shares added 2.6% on speculations that the megacap company would unveil an integration of ChatGPT, a chatbot from OpenAI, into its products.
U.S.-listed shares of Baidu IncBIDU.O soared 10.7% as the Chinese search engine said it would conclude the testing of its ChatGPT-style project 'Ernie Bot' in March.
Six of the top 11 sectors on the S&P 500 fell, but technology .SPLRCT was among top gainers, up 0.9%.
"Artificial intelligence and the idea of ChatGPT has really struck a chord with investors, and people are starting to really look to AI as potentially the next big trend," Zaccarelli added.
Among top gainers on the Dow Jones Industrial Average .DJI, Boeing Inc BA.N climbed 2.2% after the U.S. planemaker confirmed it expects to cut about 2,000 white-collar jobs.
Views that rates would stay higher for longer dragged U.S. stock indexes down on Monday. But, all three major averages are in the black for 2023, with the Nasdaq adding over 13%, led by a revival in battered mega-cap growth stocks.
So far, more than half of the companies on the S&P 500 have reported quarterly earnings, with 69.1% of them beating expectations, according to Refinitiv. Still, analysts expect fourth-quarter earnings to decline 3.1%.
DuPont De Nemours IncDD.N jumped 5.6%, on a higher-than-expected quarterly profit supported by higher pricing for its products.
Bed Bath & Beyond BBBY.O plunged 45.0% as the embattled home-goods retailer seeks a $1 billion raise in a last-ditch effort to avoid bankruptcy.
Later into the day, U.S. President Joe Biden will deliver the annual State of the Union address to a joint session of Congress.
(Reporting by Johann M Cherian and Shubham Batra in Bengaluru; Editing by Saumyadeb Chakrabarty and Anil D'Silva)
((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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"Artificial intelligence and the idea of ChatGPT has really struck a chord with investors, and people are starting to really look to AI as potentially the next big trend," Zaccarelli added. The company's shares added 2.6% on speculations that the megacap company would unveil an integration of ChatGPT, a chatbot from OpenAI, into its products. But, all three major averages are in the black for 2023, with the Nasdaq adding over 13%, led by a revival in battered mega-cap growth stocks.
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The company's shares added 2.6% on speculations that the megacap company would unveil an integration of ChatGPT, a chatbot from OpenAI, into its products. "Artificial intelligence and the idea of ChatGPT has really struck a chord with investors, and people are starting to really look to AI as potentially the next big trend," Zaccarelli added. But, all three major averages are in the black for 2023, with the Nasdaq adding over 13%, led by a revival in battered mega-cap growth stocks.
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The company's shares added 2.6% on speculations that the megacap company would unveil an integration of ChatGPT, a chatbot from OpenAI, into its products. "Artificial intelligence and the idea of ChatGPT has really struck a chord with investors, and people are starting to really look to AI as potentially the next big trend," Zaccarelli added. But, all three major averages are in the black for 2023, with the Nasdaq adding over 13%, led by a revival in battered mega-cap growth stocks.
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The company's shares added 2.6% on speculations that the megacap company would unveil an integration of ChatGPT, a chatbot from OpenAI, into its products. "Artificial intelligence and the idea of ChatGPT has really struck a chord with investors, and people are starting to really look to AI as potentially the next big trend," Zaccarelli added. But, all three major averages are in the black for 2023, with the Nasdaq adding over 13%, led by a revival in battered mega-cap growth stocks.
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0decd983-3412-443e-bebb-1712db30295e
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715895.0
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2023-02-07 00:00:00 UTC
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DuPont's (DD) Earnings and Revenues Surpass Estimates in Q4
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DD
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https://www.nasdaq.com/articles/duponts-dd-earnings-and-revenues-surpass-estimates-in-q4
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nan
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nan
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DuPont de Nemours, Inc. DD logged earnings (on a reported basis) from continuing operations of 20 cents per share for fourth-quarter 2022, down from 29 cents per share in the year-ago quarter.
Barring one-time items, earnings came in at 89 cents per share for the reported quarter, topping the Zacks Consensus Estimate of 79 cents.
DuPont raked in net sales of $3,104 million, down 4% from the year-ago quarter. It also surpassed the Zacks Consensus Estimate of $3,083.2. The company saw a 5% rise in organic sales in the quarter, supported by 7% higher pricing that offset 2% lower volumes. The company was challenged by weak conditions in electronics and construction end-markets in the reported quarter. It benefited from disciplined pricing actions to offset inflation.
Sustained strength in water solutions, growth in the automotive adhesives portfolio and gains in certain industrial end-markets were more than offset by weakness in smartphones and personal computing, the slowdown in semiconductor and construction and lower volumes from protective garments.
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 $1,343 million in the reported quarter, down 8% on a year-over-year comparison basis. Organic sales fell 2% as higher prices were more than offset by reduced volumes. Semiconductor Technologies organic sales rose on higher pricing. Industrial Solutions also registered higher sales while organic sales declined in Interconnect Solutions on lower volumes.
Net sales in the Water & Protection unit were $1,497 million, up 6% year over year. Organic sales rose 12% on pricing gains.
FY22 Results
Earnings from continuing operations for full-year 2022 were $2.02 per share compared with $2.16 per share a year ago. Net sales went up around 4% year over year to $13 billion.
Financials
DuPont had cash and cash equivalents of $3,662 million at the end of 2022, up around 86% year over year. Long-term debt was $7,774 million, down around 27% year over year.
The company also generated operating cash flow of $126 million during the quarter and $588 million in 2022. It deployed more than $7.5 billion of capital through share repurchases, dividends and debt paydown during 2022.
DuPont’s board also declared a first-quarter 2023 dividend of 36 cents per share, representing a 9% increase.
Outlook
The company sees net sales for 2023 to be $12,300-$12,900 million. Adjusted earnings per share for 2023 is forecast to be $3.50-$4.00.
For first-quarter 2023, the company sees net sales of roughly $2,900 million. Adjusted earnings per share for the quarter is projected at roughly 80 cents.
DuPont also envisions sustained strength in water and automotive adhesives and stable demand across industrial end-markets including aerospace and healthcare products in 2023. The company, however, sees lower volumes during first-half 2023 in consumer electronics and semiconductors due to reduced consumer spending, inventory destocking and COVID-related impacts in China. It also expects weakness in construction end-markets in Water & Protection during 2023. DuPont projects organic sales to decline in the mid single-digits year over year in the first quarter due to continued weakness in these consumer-driven markets.
Price Performance
DuPont’s shares are down 4% over a year compared with 8.6% rise recorded by the industry.
Image Source: Zacks Investment Research
Zacks Rank & Other Key Picks
DuPont currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks worth considering in the basic materials space include Steel Dynamics, Inc. STLD, Commercial Metals Company CMC and Agnico Eagle Mines Limited AEM.
Steel Dynamics currently sports a Zacks Rank #1 (Strong Buy). The Zacks Consensus Estimate for STLD's current-year earnings has been revised 25.2% upward in the past 60 days. You can see the complete list of today’s Zacks #1 Rank stocks here.
Steel Dynamics’ earnings beat the Zacks Consensus Estimate in each of the last four quarters. It has a trailing four-quarter earnings surprise of roughly 11.3%, on average. STLD has rallied around 112% in a year.
Commercial Metals currently carries a Zacks Rank #1. The consensus estimate for CMC's current-year earnings has been revised 10% upward in the past 60 days.
Commercial Metals’ earnings beat the Zacks Consensus Estimate in each of the last four quarters. It has a trailing four-quarter earnings surprise of roughly 16.7%, on average. CMC has gained around 64% in a year.
Agnico Eagle currently carries a Zacks Rank #2 (Buy). The Zacks Consensus Estimate for AEM’s current-year earnings has been revised 0.4% upward in the past 60 days.
Agnico Eagle beat Zacks Consensus Estimate in three of the last four quarters. It delivered a trailing four-quarter earnings surprise of 26.4% on average. AEM’s shares have gained roughly 7% in the past year.
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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 logged earnings (on a reported basis) from continuing operations of 20 cents per share for fourth-quarter 2022, down from 29 cents per share in the year-ago quarter. Click to get this free report Steel Dynamics, Inc. (STLD) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Agnico Eagle Mines Limited (AEM) : Free Stock Analysis Report Commercial Metals Company (CMC) : Free Stock Analysis Report To read this article on Zacks.com click here. Sustained strength in water solutions, growth in the automotive adhesives portfolio and gains in certain industrial end-markets were more than offset by weakness in smartphones and personal computing, the slowdown in semiconductor and construction and lower volumes from protective garments.
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Click to get this free report Steel Dynamics, Inc. (STLD) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Agnico Eagle Mines Limited (AEM) : Free Stock Analysis Report Commercial Metals Company (CMC) : Free Stock Analysis Report To read this article on Zacks.com click here. DuPont de Nemours, Inc. DD logged earnings (on a reported basis) from continuing operations of 20 cents per share for fourth-quarter 2022, down from 29 cents per share in the year-ago quarter. 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 $1,343 million in the reported quarter, down 8% on a year-over-year comparison basis.
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Click to get this free report Steel Dynamics, Inc. (STLD) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Agnico Eagle Mines Limited (AEM) : Free Stock Analysis Report Commercial Metals Company (CMC) : Free Stock Analysis Report To read this article on Zacks.com click here. DuPont de Nemours, Inc. DD logged earnings (on a reported basis) from continuing operations of 20 cents per share for fourth-quarter 2022, down from 29 cents per share in the year-ago quarter. Barring one-time items, earnings came in at 89 cents per share for the reported quarter, topping the Zacks Consensus Estimate of 79 cents.
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DuPont de Nemours, Inc. DD logged earnings (on a reported basis) from continuing operations of 20 cents per share for fourth-quarter 2022, down from 29 cents per share in the year-ago quarter. Click to get this free report Steel Dynamics, Inc. (STLD) : Free Stock Analysis Report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Agnico Eagle Mines Limited (AEM) : Free Stock Analysis Report Commercial Metals Company (CMC) : Free Stock Analysis Report To read this article on Zacks.com click here. For first-quarter 2023, the company sees net sales of roughly $2,900 million.
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8dddd4f3-146a-4f81-9adc-3c88fb82f574
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715896.0
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2023-02-07 00:00:00 UTC
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US STOCKS-Wall Street edges lower ahead of Powell comments
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DD
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https://www.nasdaq.com/articles/us-stocks-wall-street-edges-lower-ahead-of-powell-comments
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nan
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By Johann M Cherian and Shubham Batra
Feb 7 (Reuters) - Wall Street's main indexes slipped on Tuesday as investors awaited Federal Reserve Chair Jerome Powell's comments, which will be scrutinized for further clues on how long the central bank will keep interest rates higher.
Powell's comments, due at 12:40 p.m. EST (1740 GMT) before the Economic Club of Washington, will be closely monitored after a strong jobs report last week stymied rising hopes of less aggressive monetary policy.
"Markets are still trying to ascertain last Friday's employment data on the future direction of the Fed," Sam Stovall, chief investment strategist at CFRA Research, said.
"He (Powell) is expected to pretty much say what he did, that the market might continue to be underestimating what the Fed is going to be doing, even though he did say that they might be raising rates a couple more times."
Traders are speculating that the central bank would push the benchmark rate to 5.1% in June, levels that policymakers have backed vociferously. 0#FEDWATCH
Capping declines on the tech-heavy Nasdaq .IXIC was megacap Microsoft CorpMSFT.O. The company's shares added 1.9% ahead of an event later in the day, where it is widely expected to unveil a potential integration of ChatGPT, a chatbot from OpenAI, into its products.
U.S.-listed shares of Baidu IncBIDU.O soared 8.9% as the Chinese search engine said it would conclude the testing of its ChatGPT-style project 'Ernie Bot' in March.
Seven of the top 11 sectors on the S&P 500 were in declines, but technology .SPLRCT was among top gainers propped up by Microsoft.
Among top gainers on the Dow Jones Industrial Average .DJI, Boeing Inc BA.N climbed 0.8% after the U.S. planemaker confirmed on Monday that it expects to cut about 2,000 white-collar jobs through attrition and layoffs.
Expectations of high rates for a protracted period dragged Wall Street's main indexes down on Monday. But, all three major averages are in the black for 2023, with the Nasdaq .IXIC adding over 13%, led by a revival in battered mega-cap growth stocks.
So far, more than half of the companies on the S&P 500 have reported quarterly earnings, with 69.1% of them beating expectations, according to Refinitiv. Still, analysts expect fourth-quarter earnings to decline 3.1%.
At 10:18 a.m. ET, the Dow was down 121.48 points, or 0.36%, at 33,769.54, the S&P 500 .SPX was down 10.83 points, or 0.26%, at 4,100.25, and the Nasdaq Composite .IXIC was down 13.31 points, or 0.11%, at 11,874.14.
DuPont De Nemours Inc DD.N jumped 6.2%, on a higher-than-expected quarterly profit supported by higher pricing for its products.
Bed Bath & Beyond BBBY.O plunged 40.3% as the embattled home-goods retailer seeks a $1 billion raise in a last-ditch effort to avoid bankruptcy.
Later into the day, U.S. President Joe Biden will deliver the annual State of the Union address to a joint session of Congress.
Declining issues outnumbered advancers for a 2.31-to-1 ratio on the NYSE and for a 1.97-to-1 ratio on the Nasdaq.
The S&P index recorded two new 52-week highs and two new lows, while the Nasdaq recorded 35 new highs and 15 new lows.
(Reporting by Shubham Batra and Johann M Cherian in Bengaluru; Editing by Savio D'Souza and Saumyadeb Chakrabarty)
((Shubham.Batra@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 company's shares added 1.9% ahead of an event later in the day, where it is widely expected to unveil a potential integration of ChatGPT, a chatbot from OpenAI, into its products. But, all three major averages are in the black for 2023, with the Nasdaq .IXIC adding over 13%, led by a revival in battered mega-cap growth stocks. DuPont De Nemours Inc DD.N jumped 6.2%, on a higher-than-expected quarterly profit supported by higher pricing for its products.
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The company's shares added 1.9% ahead of an event later in the day, where it is widely expected to unveil a potential integration of ChatGPT, a chatbot from OpenAI, into its products. But, all three major averages are in the black for 2023, with the Nasdaq .IXIC adding over 13%, led by a revival in battered mega-cap growth stocks. DuPont De Nemours Inc DD.N jumped 6.2%, on a higher-than-expected quarterly profit supported by higher pricing for its products.
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The company's shares added 1.9% ahead of an event later in the day, where it is widely expected to unveil a potential integration of ChatGPT, a chatbot from OpenAI, into its products. But, all three major averages are in the black for 2023, with the Nasdaq .IXIC adding over 13%, led by a revival in battered mega-cap growth stocks. DuPont De Nemours Inc DD.N jumped 6.2%, on a higher-than-expected quarterly profit supported by higher pricing for its products.
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The company's shares added 1.9% ahead of an event later in the day, where it is widely expected to unveil a potential integration of ChatGPT, a chatbot from OpenAI, into its products. But, all three major averages are in the black for 2023, with the Nasdaq .IXIC adding over 13%, led by a revival in battered mega-cap growth stocks. DuPont De Nemours Inc DD.N jumped 6.2%, on a higher-than-expected quarterly profit supported by higher pricing for its products.
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cb1bc2ce-12e4-4e39-a0ee-6f6718c1d63b
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715897.0
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2023-02-07 00:00:00 UTC
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DuPont de Nemours (DD) Reports Q4 Earnings: What Key Metrics Have to Say
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DD
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https://www.nasdaq.com/articles/dupont-de-nemours-dd-reports-q4-earnings%3A-what-key-metrics-have-to-say
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nan
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For the quarter ended December 2022, DuPont de Nemours (DD) reported revenue of $3.1 billion, down 27.3% over the same period last year. EPS came in at $0.89, compared to $1.08 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $3.08 billion, representing a surprise of +0.67%. The company delivered an EPS surprise of +12.66%, with the consensus EPS estimate being $0.79.
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/Elect. & Imaging: $1.34 billion compared to the $1.37 billion average estimate based on four analysts.
Net sales-Corporate: $264 million versus the four-analyst average estimate of $258.14 million.
Net sales-Water & Protection/Safety & Const: $1.50 billion versus $1.46 billion estimated by four analysts on average.
Operating EBITDA - Water & Protection/Safety & Construction: $360 million versus $329.33 million estimated by four analysts on average.
Operating EBITDA - Electronics & Industrial/Electronics & Imaging: $407 million compared to the $418.48 million average estimate based on four analysts.
View all Key Company Metrics for DuPont de Nemours here>>>
Shares of DuPont de Nemours have returned -1.5% over the past month versus the Zacks S&P 500 composite's +5.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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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 December 2022, DuPont de Nemours (DD) reported revenue of $3.1 billion, down 27.3% 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 December 2022, DuPont de Nemours (DD) reported revenue of $3.1 billion, down 27.3% 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. Operating EBITDA - Electronics & Industrial/Electronics & Imaging: $407 million compared to the $418.48 million 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. For the quarter ended December 2022, DuPont de Nemours (DD) reported revenue of $3.1 billion, down 27.3% over the same period last year. 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 December 2022, DuPont de Nemours (DD) reported revenue of $3.1 billion, down 27.3% 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/Elect.
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1334b686-ca74-488c-a375-e650f413e653
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715898.0
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2023-02-07 00:00:00 UTC
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US STOCKS-Wall Street set for lower open ahead of Powell speech
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DD
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https://www.nasdaq.com/articles/us-stocks-wall-street-set-for-lower-open-ahead-of-powell-speech
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nan
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nan
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By Shubham Batra and Johann M Cherian
Feb 7 (Reuters) - U.S. stock indexes were set to open lower on Tuesday as investors looked ahead to Federal Reserve Chair Jerome Powell's speech, which will be parsed for further clues on how long the central bank will keep interest rates higher.
Powell's comments, due at 12:40 p.m. EST (1740 GMT) before the Economic Club of Washington, will be closely monitored after a strong jobs report last week stymied rising hopes of less aggressive monetary policy.
"Markets are still trying to ascertain last Friday's employment data on the future direction of the Fed," Sam Stovall, chief investment strategist at CFRA Research, said.
"He (Powell) is expected to pretty much say what he did, that the market might continue to be underestimating what the Fed is going to be doing, even though he did say that they might be raising rates a couple more times."
Traders are speculating that the central bank would push the benchmark rate to 5.1% in June, levels that officials have backed vociferously. 0#FEDWATCH
Heavyweight Microsoft CorpMSFT.O added 1.4% in premarket trading. It is expected to reveal its potential investment in chatbot sensation ChatGPT later in the day.
U.S. listed shares of Baidu IncBIDU.Osoared 11.7% as the Chinese search engine said it would conclude the testing of its ChatGPT-style project 'Ernie Bot' in March.
Boeing Inc BA.N climbed 0.5% after the U.S. planemaker confirmed on Monday that it expects to cut about 2,000 white-collar jobs through attrition and layoffs.
Expectations of high rates for a protracted period dragged Wall Street's main indexes down on Monday. But, all three major averages are in the black for 2023, with the Nasdaq .IXIC adding 13.6%, led by a revival in battered mega-cap growth stocks.
So far, 272 companies on the S&P 500 have reported quarterly earnings, with 69.1% of them beating expectations, according to Refinitiv. Still, analysts expect fourth-quarter earnings to decline 3.1%.
DuPont DD.Nreversed earlier declines to rise 1.0%, on a higher-than-expected quarterly profit supported by higher pricing for its products.
Bed Bath & Beyond BBBY.O plunged 37.7% premarket as the embattled home-goods retailer seeks a $1 billion raise in a last-ditch effort to avoid bankruptcy.
Later into the day, U.S. President Joe Biden will deliver the annual State of the Union address to a joint session of Congress, his first since the Republican party narrowly took control of the House of Representatives after November's mid-term elections.
(Reporting by Shubham Batra in Bengaluru; Editing by Savio D'Souza and Saumyadeb Chakrabarty)
((Shubham.Batra@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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Later into the day, U.S. President Joe Biden will deliver the annual State of the Union address to a joint session of Congress, his first since the Republican party narrowly took control of the House of Representatives after November's mid-term elections. 0#FEDWATCH Heavyweight Microsoft CorpMSFT.O added 1.4% in premarket trading. But, all three major averages are in the black for 2023, with the Nasdaq .IXIC adding 13.6%, led by a revival in battered mega-cap growth stocks.
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0#FEDWATCH Heavyweight Microsoft CorpMSFT.O added 1.4% in premarket trading. But, all three major averages are in the black for 2023, with the Nasdaq .IXIC adding 13.6%, led by a revival in battered mega-cap growth stocks. DuPont DD.Nreversed earlier declines to rise 1.0%, on a higher-than-expected quarterly profit supported by higher pricing for its products.
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0#FEDWATCH Heavyweight Microsoft CorpMSFT.O added 1.4% in premarket trading. But, all three major averages are in the black for 2023, with the Nasdaq .IXIC adding 13.6%, led by a revival in battered mega-cap growth stocks. DuPont DD.Nreversed earlier declines to rise 1.0%, on a higher-than-expected quarterly profit supported by higher pricing for its products.
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0#FEDWATCH Heavyweight Microsoft CorpMSFT.O added 1.4% in premarket trading. But, all three major averages are in the black for 2023, with the Nasdaq .IXIC adding 13.6%, led by a revival in battered mega-cap growth stocks. DuPont DD.Nreversed earlier declines to rise 1.0%, on a higher-than-expected quarterly profit supported by higher pricing for its products.
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e4649aeb-58e9-4964-8466-73321d0d3022
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715899.0
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2023-02-07 00:00:00 UTC
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DuPont Q4 Results Miss Estimates; Boosts Dividend 9%
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DD
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https://www.nasdaq.com/articles/dupont-q4-results-miss-estimates-boosts-dividend-9
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nan
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nan
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(RTTNews) - DuPont de Nemours, Inc. (DD) reported Tuesday a profit from continuing operations for the fourth quarter that decreased 37 percent from last year, hurt by charges related to the intended Rogers transaction. Both adjusted earnings per share from continuing operations and quarterly net sales missed analysts' expectations.
The company also provide guidance for the first quarter and the full-year 2023, well below analysts' estimates.
"Our fourth quarter results underpin the quality of our portfolio and our ability to offset a continued challenging global macro environment by focusing on the levers within our control," said Ed Breen, DuPont Executive Chairman and Chief Executive Officer.
For the fourth quarter, net income available for common stockholders was $4.16 billion or $8.69 per share, sharply higher than $204 million or $0.40 per share in the prior-year quarter
Income from continuing operations available for common stockholders were $105 million or $0.20 per share, compared to $167 million or $0.29 per share in the year-ago quarter.
Excluding items, adjusted income from continuing operations were $0.89 per share, compared to $0.77 per share last year.
On average, 17 analysts polled by Thomson Reuters expected the company to report earnings of $1.13 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales for the quarter decreased 4 percent to $3.10 billion from $3.25 billion in the same quarter last year. Organic sales increased 5 percent. Analysts expected revenues of $4.20 billion for the quarter.
Electronics & Industrial segment net sales declined 8 percent to $1.34 billion from a year ago, while Water & Protection net sales grew 6 percent to $1.50 billion from last year.
Region-wise, U.S. & Canada net sales increased 2 percent to $$1.06 billion and Latin America net sales were up 6 percent to $110 million from last year, while EMEA net sales declined 5 percent to $528 million and Asia Pacific net sales decreased 9 percent to $1.40 billion from last year.
Looking ahead to the first quarter, the company expects adjusted earnings of about $0.80 per share on net sales of about $2.90 billion. Analysts expect the company to report earnings of $1.10 per share and revenues of $4.17 billion for the quarter.
For fiscal 2023, the company projects adjusted earnings in the range of $3.50 to $4.00 per share on net sales between $12.30 billion and $12.90 billion. The Street currently is looking earnings of $4.94 per share on annual revenues of $17.38 billion for the year.
The Company also announced that its Board of Directors has declared a 9 percent higher first quarter dividend of $0.36 per share on its outstanding common stock, payable March 15, 2023, to holders of record at the close of business on February 28, 2023.
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, Inc. (DD) reported Tuesday a profit from continuing operations for the fourth quarter that decreased 37 percent from last year, hurt by charges related to the intended Rogers transaction. Both adjusted earnings per share from continuing operations and quarterly net sales missed analysts' expectations. The Company also announced that its Board of Directors has declared a 9 percent higher first quarter dividend of $0.36 per share on its outstanding common stock, payable March 15, 2023, to holders of record at the close of business on February 28, 2023.
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(RTTNews) - DuPont de Nemours, Inc. (DD) reported Tuesday a profit from continuing operations for the fourth quarter that decreased 37 percent from last year, hurt by charges related to the intended Rogers transaction. Both adjusted earnings per share from continuing operations and quarterly net sales missed analysts' expectations. For the fourth quarter, net income available for common stockholders was $4.16 billion or $8.69 per share, sharply higher than $204 million or $0.40 per share in the prior-year quarter Income from continuing operations available for common stockholders were $105 million or $0.20 per share, compared to $167 million or $0.29 per share in the year-ago quarter.
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(RTTNews) - DuPont de Nemours, Inc. (DD) reported Tuesday a profit from continuing operations for the fourth quarter that decreased 37 percent from last year, hurt by charges related to the intended Rogers transaction. For the fourth quarter, net income available for common stockholders was $4.16 billion or $8.69 per share, sharply higher than $204 million or $0.40 per share in the prior-year quarter Income from continuing operations available for common stockholders were $105 million or $0.20 per share, compared to $167 million or $0.29 per share in the year-ago quarter. Net sales for the quarter decreased 4 percent to $3.10 billion from $3.25 billion in the same quarter last year.
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(RTTNews) - DuPont de Nemours, Inc. (DD) reported Tuesday a profit from continuing operations for the fourth quarter that decreased 37 percent from last year, hurt by charges related to the intended Rogers transaction. Both adjusted earnings per share from continuing operations and quarterly net sales missed analysts' expectations. Excluding items, adjusted income from continuing operations were $0.89 per share, compared to $0.77 per share last year.
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929980cf-89dd-467f-bc91-c062266842fe
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