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716100.0
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2021-11-02 00:00:00 UTC
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Rogers Q3 Results Rise, Adj. EPS, Sales Miss Estimates; To Be Bought By DuPont In $5.2 Bln Cash Deal
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DD
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https://www.nasdaq.com/articles/rogers-q3-results-rise-adj.-eps-sales-miss-estimates-to-be-bought-by-dupont-in-%245.2-bln
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nan
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(RTTNews) - Rogers Corp. (ROG), a provider of engineered materials and components, reported Tuesday higher profit in its third quarter with strong growth in sales. Adjusted earnings and top line, meanwhile, missed market estimates.
Separately, Rogers announced its agreement to be acquired by chemicals company DuPont De Nemours & Co. (DD) for $277 per share in cash, implying a purchase price of approximately $5.2 billion.
In pre-market activity on the NYSE, Rogers' shares were gaining around 29.5 percent to trade at $269.70.
For the third quarter, Rogers' net income surged to $25.13 million or $1.33 per share from $7.01 million or $0.37 per share a year ago.
Adjusted earnings were $1.64 per share, compared to $1.45 per share last year.
Net sales for the quarter climbed to $238.26 million from last year's $201.94 million.
On average, four analysts polled by Thomson Reuters expected earnings of $1.78 per share for the quarter on sales of $240.01 million. Analysts' estimates typically exclude special items.
Further, Rogers said the transaction with DuPont is expected to close in the second quarter of 2022, subject to customary closing conditions, including approval by Rogers shareholders and receipt of applicable regulatory approvals.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Separately, Rogers announced its agreement to be acquired by chemicals company DuPont De Nemours & Co. (DD) for $277 per share in cash, implying a purchase price of approximately $5.2 billion. (RTTNews) - Rogers Corp. (ROG), a provider of engineered materials and components, reported Tuesday higher profit in its third quarter with strong growth in sales. On average, four analysts polled by Thomson Reuters expected earnings of $1.78 per share for the quarter on sales of $240.01 million.
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Separately, Rogers announced its agreement to be acquired by chemicals company DuPont De Nemours & Co. (DD) for $277 per share in cash, implying a purchase price of approximately $5.2 billion. For the third quarter, Rogers' net income surged to $25.13 million or $1.33 per share from $7.01 million or $0.37 per share a year ago. Net sales for the quarter climbed to $238.26 million from last year's $201.94 million.
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Separately, Rogers announced its agreement to be acquired by chemicals company DuPont De Nemours & Co. (DD) for $277 per share in cash, implying a purchase price of approximately $5.2 billion. For the third quarter, Rogers' net income surged to $25.13 million or $1.33 per share from $7.01 million or $0.37 per share a year ago. On average, four analysts polled by Thomson Reuters expected earnings of $1.78 per share for the quarter on sales of $240.01 million.
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Separately, Rogers announced its agreement to be acquired by chemicals company DuPont De Nemours & Co. (DD) for $277 per share in cash, implying a purchase price of approximately $5.2 billion. (RTTNews) - Rogers Corp. (ROG), a provider of engineered materials and components, reported Tuesday higher profit in its third quarter with strong growth in sales. Adjusted earnings were $1.64 per share, compared to $1.45 per share last year.
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66e9dce3-b8d8-4c65-8f68-d06eef86d020
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716101.0
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2021-11-02 00:00:00 UTC
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Why Rogers Shares Are Soaring Today
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DD
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https://www.nasdaq.com/articles/why-rogers-shares-are-soaring-today-2021-11-02
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nan
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What happened
Shares of engineered materials expert Rogers (NYSE: ROG) skyrocketed on Tuesday morning. First, the company reported third-quarter results as expected. Then, however, market makers largely ignored the mildly disappointing report to focus on a game-changing event. Chemicals titan DuPont de Nemours (NYSE: DD) is buying Rogers in an all-cash deal worth $5.2 billion.
Rogers stock gained approximately 30% on the news, trading 29.7% higher as of 12:40 p.m. EDT.
So what
Let's take a peek at the earnings report first. Rogers saw top-line sales rise 18% year over year to $238 million. Adjusted earnings increased from $1.45 to $1.64 per diluted share. Electric vehicles provided fuel for Rogers' growth, but the ongoing shortage of microprocessors limited the company's third-quarter success. The analyst consensus had called for earnings of roughly $1.78 per share on sales near $240 million, and Rogers fell short of these targets.
At the same time, Rogers accepted DuPont's generous takeover offer at $277 per share. The price tag represents a 33% premium over Rogers' closing price on Monday evening and a 46% value boost over the average share price in the last 30 days.
The acquisition is subject to the usual battery of shareholder votes and regulatory approvals. The companies expect to get the final John Hancocks in place during the second quarter of calendar year 2022.
Image source: Getty Images.
Now what
Assuming that the transaction is completed as planned, Rogers will give DuPont a robust presence in the electric and autonomous vehicle markets. Rogers also brings significant exposure to the global rollout of 5G wireless networks, where the company provides special materials for 5G antennas, high-speed data cables, and more.
The deal should dovetail neatly with DuPont's recent buyout of electromagnetic shielding specialist Laird Performance Materials -- another significant player in the electric vehicle space. DuPont also reported quarterly results this morning, edging out analyst projections across the board. Reacting to the solid results and the promising prospects of the Rogers deal, the chemicals giant's shares traded 8% higher as of early afternoon.
Rogers' shareholders are likely to approve DuPont's proposed deal terms. Hovering just below the official buyout price, Rogers shares have gained 130% in 52 weeks and tripled in five years.
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Anders Bylund has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Chemicals titan DuPont de Nemours (NYSE: DD) is buying Rogers in an all-cash deal worth $5.2 billion. Rogers also brings significant exposure to the global rollout of 5G wireless networks, where the company provides special materials for 5G antennas, high-speed data cables, and more. The deal should dovetail neatly with DuPont's recent buyout of electromagnetic shielding specialist Laird Performance Materials -- another significant player in the electric vehicle space.
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Chemicals titan DuPont de Nemours (NYSE: DD) is buying Rogers in an all-cash deal worth $5.2 billion. First, the company reported third-quarter results as expected. Reacting to the solid results and the promising prospects of the Rogers deal, the chemicals giant's shares traded 8% higher as of early afternoon.
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Chemicals titan DuPont de Nemours (NYSE: DD) is buying Rogers in an all-cash deal worth $5.2 billion. Hovering just below the official buyout price, Rogers shares have gained 130% in 52 weeks and tripled in five years. 10 stocks we like better than Rogers When our award-winning analyst team has a stock tip, it can pay to listen.
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Chemicals titan DuPont de Nemours (NYSE: DD) is buying Rogers in an all-cash deal worth $5.2 billion. So what Let's take a peek at the earnings report first. That's right -- they think these 10 stocks are even better buys.
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0ed5af06-ffd7-4ab3-86b0-39fcbaf42ac2
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716102.0
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2021-11-02 00:00:00 UTC
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Tuesday Sector Leaders: Rubber & Plastics, Manufacturing Stocks
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DD
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https://www.nasdaq.com/articles/tuesday-sector-leaders%3A-rubber-plastics-manufacturing-stocks-2021-11-02
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In trading on Tuesday, rubber & plastics shares were relative leaders, up on the day by about 2.1%. Leading the group were shares of Rogers, up about 29.9% and shares of DuPont up about 8.7% on the day.
Also showing relative strength are manufacturing shares, up on the day by about 1.8% as a group, led by DZSI, trading up by about 17% and Harmonic, trading higher by about 14.3% on Tuesday.
VIDEO: Tuesday Sector Leaders: Rubber & Plastics, Manufacturing Stocks
The views and 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, rubber & plastics shares were relative leaders, up on the day by about 2.1%. Also showing relative strength are manufacturing shares, up on the day by about 1.8% as a group, led by DZSI, trading up by about 17% and Harmonic, trading higher by about 14.3% on Tuesday. VIDEO: Tuesday Sector Leaders: Rubber & Plastics, Manufacturing Stocks The views and 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, rubber & plastics shares were relative leaders, up on the day by about 2.1%. Also showing relative strength are manufacturing shares, up on the day by about 1.8% as a group, led by DZSI, trading up by about 17% and Harmonic, trading higher by about 14.3% on Tuesday. VIDEO: Tuesday Sector Leaders: Rubber & Plastics, Manufacturing Stocks The views and 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, rubber & plastics shares were relative leaders, up on the day by about 2.1%. Also showing relative strength are manufacturing shares, up on the day by about 1.8% as a group, led by DZSI, trading up by about 17% and Harmonic, trading higher by about 14.3% on Tuesday. VIDEO: Tuesday Sector Leaders: Rubber & Plastics, Manufacturing Stocks The views and 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, rubber & plastics shares were relative leaders, up on the day by about 2.1%. Leading the group were shares of Rogers, up about 29.9% and shares of DuPont up about 8.7% on the day. Also showing relative strength are manufacturing shares, up on the day by about 1.8% as a group, led by DZSI, trading up by about 17% and Harmonic, trading higher by about 14.3% on Tuesday.
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42d7f428-6e23-46b6-a1b3-dbfaf33624bd
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716103.0
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2021-11-02 00:00:00 UTC
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DD Crosses Above Key Moving Average Level
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DD
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https://www.nasdaq.com/articles/dd-crosses-above-key-moving-average-level-2021-11-02
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nan
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nan
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In trading on Tuesday, shares of DuPont (Symbol: DD) crossed above their 200 day moving average of $75.89, changing hands as high as $78.19 per share. DuPont shares are currently trading up about 8.9% 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 $58.05 per share, with $87.27 as the 52 week high point — that compares with a last trade of $77.42. The DD DMA information above was sourced from TechnicalAnalysisChannel.com
Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average »
The views and 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 above their 200 day moving average of $75.89, changing hands as high as $78.19 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 $58.05 per share, with $87.27 as the 52 week high point — that compares with a last trade of $77.42. The DD DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » The views and 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 above their 200 day moving average of $75.89, changing hands as high as $78.19 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 $58.05 per share, with $87.27 as the 52 week high point — that compares with a last trade of $77.42. The DD DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » The views and 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 above their 200 day moving average of $75.89, changing hands as high as $78.19 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 $58.05 per share, with $87.27 as the 52 week high point — that compares with a last trade of $77.42. The DD DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » The views and 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 above their 200 day moving average of $75.89, changing hands as high as $78.19 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 $58.05 per share, with $87.27 as the 52 week high point — that compares with a last trade of $77.42. The DD DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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9f2cc3e0-db41-42be-afed-1321f4b79dd0
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716104.0
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2021-11-02 00:00:00 UTC
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EI DuPont De Nemours & Co. Q3 adjusted earnings Beat Estimates
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DD
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https://www.nasdaq.com/articles/ei-dupont-de-nemours-co.-q3-adjusted-earnings-beat-estimates-2021-11-02
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nan
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nan
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(RTTNews) - Below are the earnings highlights for EI DuPont De Nemours & Co. (DD):
-Earnings: $391 million in Q3 vs. -$79 million in the same period last year. -EPS: $0.75 in Q3 vs. -$0.11 in the same period last year. -Excluding items, EI DuPont De Nemours & Co. reported adjusted earnings of $599 million or $1.15 per share for the period. -Analysts projected $1.13 per share -Revenue: $4.27 billion in Q3 vs. $3.63 billion in the same period last year.
-Guidance: Full year EPS guidance: $4.18 - $4.22 Full year revenue guidance: $16.34 - $16.40 Bln
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Below are the earnings highlights for EI DuPont De Nemours & Co. (DD): -Earnings: $391 million in Q3 vs. -$79 million in the same period last year. -Excluding items, EI DuPont De Nemours & Co. reported adjusted earnings of $599 million or $1.15 per share for the period. -Guidance: Full year EPS guidance: $4.18 - $4.22 Full year revenue guidance: $16.34 - $16.40 Bln The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Below are the earnings highlights for EI DuPont De Nemours & Co. (DD): -Earnings: $391 million in Q3 vs. -$79 million in the same period last year. -Excluding items, EI DuPont De Nemours & Co. reported adjusted earnings of $599 million or $1.15 per share for the period. -Guidance: Full year EPS guidance: $4.18 - $4.22 Full year revenue guidance: $16.34 - $16.40 Bln The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Below are the earnings highlights for EI DuPont De Nemours & Co. (DD): -Earnings: $391 million in Q3 vs. -$79 million in the same period last year. -Excluding items, EI DuPont De Nemours & Co. reported adjusted earnings of $599 million or $1.15 per share for the period. -Guidance: Full year EPS guidance: $4.18 - $4.22 Full year revenue guidance: $16.34 - $16.40 Bln The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Below are the earnings highlights for EI DuPont De Nemours & Co. (DD): -Earnings: $391 million in Q3 vs. -$79 million in the same period last year. -Excluding items, EI DuPont De Nemours & Co. reported adjusted earnings of $599 million or $1.15 per share for the period. -Analysts projected $1.13 per share -Revenue: $4.27 billion in Q3 vs. $3.63 billion in the same period last year.
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ab53fc6b-76b0-42da-8a29-39a79c32ffe1
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716105.0
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2021-11-02 00:00:00 UTC
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DuPont Cuts FY21 Earnings, Sales View Below Market; To Buy Rogers Corp. For $5.2 Bln - Quick Facts
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DD
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https://www.nasdaq.com/articles/dupont-cuts-fy21-earnings-sales-view-below-market-to-buy-rogers-corp.-for-%245.2-bln-quick
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nan
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(RTTNews) - While reporting improved third-quarter results on Tuesday, chemical company DuPont De Nemours & Co. (DD) trimmed its forecast for fiscal 2021 earnings and sales, both below market estimates.
Separately, DuPont announced a series of actions advancing its strategy. The company has entered into a definitive agreement to acquire Rogers Corp. (ROG), a provider of engineered materials and components, for $5.2 billion. The transaction is expected to close in the second quarter of 2022, subject to customary closing conditions, including approval by Rogers shareholders and receipt of applicable regulatory approvals.
As part of its ongoing transformation, DuPont also announced that it intends to divest a substantial portion of its Mobility & Materials segment.
In pre-market activity on the NYSE, DuPont shares were losing around 3.7 percent to trade at $68.58.
For full year 2021, DuPont now expects adjusted earnings in the range of $4.18 to $4.22 per share, lower than previously expected $4.24 to $4.30 per share.
Operating EBITDA is now expected between $4.14 billion and $4.17 billion, down from previous view of $4.21 billion and $4.26 billion.
For the year, net sales are now expected to be between $16.34 billion and $16.40 billion, compared to previous view between $16.45 billion and $16.55 billion.
On average, analysts polled by Thomson Reuters expect earnings of $4.3 per share for the year on sales of $16.5 billion. Analysts' estimates typically exclude special items.
Lori Koch, Chief Financial Officer of DuPont. "As we head into the fourth quarter, strong demand trends are expected to continue across almost all end-markets; however, we are seeing a deceleration in order patterns stemming from the ongoing global semiconductor chip shortage, primarily in automotive end-markets, which is consistent with the revisions to global auto build estimates which have come down 17 percent for the second half of 2021 versus estimates for the same period from just a few months ago."
The views and 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) - While reporting improved third-quarter results on Tuesday, chemical company DuPont De Nemours & Co. (DD) trimmed its forecast for fiscal 2021 earnings and sales, both below market estimates. As part of its ongoing transformation, DuPont also announced that it intends to divest a substantial portion of its Mobility & Materials segment. "As we head into the fourth quarter, strong demand trends are expected to continue across almost all end-markets; however, we are seeing a deceleration in order patterns stemming from the ongoing global semiconductor chip shortage, primarily in automotive end-markets, which is consistent with the revisions to global auto build estimates which have come down 17 percent for the second half of 2021 versus estimates for the same period from just a few months ago."
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(RTTNews) - While reporting improved third-quarter results on Tuesday, chemical company DuPont De Nemours & Co. (DD) trimmed its forecast for fiscal 2021 earnings and sales, both below market estimates. Operating EBITDA is now expected between $4.14 billion and $4.17 billion, down from previous view of $4.21 billion and $4.26 billion. For the year, net sales are now expected to be between $16.34 billion and $16.40 billion, compared to previous view between $16.45 billion and $16.55 billion.
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(RTTNews) - While reporting improved third-quarter results on Tuesday, chemical company DuPont De Nemours & Co. (DD) trimmed its forecast for fiscal 2021 earnings and sales, both below market estimates. For full year 2021, DuPont now expects adjusted earnings in the range of $4.18 to $4.22 per share, lower than previously expected $4.24 to $4.30 per share. Operating EBITDA is now expected between $4.14 billion and $4.17 billion, down from previous view of $4.21 billion and $4.26 billion.
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(RTTNews) - While reporting improved third-quarter results on Tuesday, chemical company DuPont De Nemours & Co. (DD) trimmed its forecast for fiscal 2021 earnings and sales, both below market estimates. For full year 2021, DuPont now expects adjusted earnings in the range of $4.18 to $4.22 per share, lower than previously expected $4.24 to $4.30 per share. For the year, net sales are now expected to be between $16.34 billion and $16.40 billion, compared to previous view between $16.45 billion and $16.55 billion.
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c850ab86-5758-4b85-abd8-3b937f173933
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716106.0
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2021-11-02 00:00:00 UTC
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DuPont to buy engineering materials maker Rogers for $5.2 bln
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DD
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https://www.nasdaq.com/articles/dupont-to-buy-engineering-materials-maker-rogers-for-%245.2-bln-2021-11-02
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nan
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Adds details on divestiture plans, results
Nov 2 (Reuters) - DuPont de Nemours Inc DD.N said on Tuesday it would buy engineering materials technology maker Rogers Corp ROG.N for $5.2 billion, to capitalize on surging demand in markets such as electric vehicles, 5G telecommunications and clean energy.
The company also said it plans to sell a substantial portion of its mobility & materials segment, primarily in the engineering Polymers and performance resins lines of business as well as its stake in the DuPont Teijin Films joint venture.
Combined, these businesses represent about $4.2 billion in annual revenue, Dupont said.
Dupont has benefited from a rebound in the auto and chip-making industries this year from the pandemic-led slump, but rising costs and supply constraints pose a risk to the recovery.
The company also reported a 33% rise in third-quarter adjusted profit.
Adjusted net income rose to $599 million, or $1.15 per share, in the quarter, from $449 million, or 61 cents per share, a year earlier.
(Reporting by Arathy S Nair in Bengaluru;Editing by Sriraj Kalluvila)
((arathys.nair@thomsonreuters.com; +1 646 223 8780 (Extn 2726); Twitter: https://twitter.com/ArathySom;))
The views and 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 on divestiture plans, results Nov 2 (Reuters) - DuPont de Nemours Inc DD.N said on Tuesday it would buy engineering materials technology maker Rogers Corp ROG.N for $5.2 billion, to capitalize on surging demand in markets such as electric vehicles, 5G telecommunications and clean energy. The company also said it plans to sell a substantial portion of its mobility & materials segment, primarily in the engineering Polymers and performance resins lines of business as well as its stake in the DuPont Teijin Films joint venture. Dupont has benefited from a rebound in the auto and chip-making industries this year from the pandemic-led slump, but rising costs and supply constraints pose a risk to the recovery.
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Adds details on divestiture plans, results Nov 2 (Reuters) - DuPont de Nemours Inc DD.N said on Tuesday it would buy engineering materials technology maker Rogers Corp ROG.N for $5.2 billion, to capitalize on surging demand in markets such as electric vehicles, 5G telecommunications and clean energy. The company also reported a 33% rise in third-quarter adjusted profit. (Reporting by Arathy S Nair in Bengaluru;Editing by Sriraj Kalluvila) ((arathys.nair@thomsonreuters.com; +1 646 223 8780 (Extn 2726); Twitter: https://twitter.com/ArathySom;)) The views and 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 on divestiture plans, results Nov 2 (Reuters) - DuPont de Nemours Inc DD.N said on Tuesday it would buy engineering materials technology maker Rogers Corp ROG.N for $5.2 billion, to capitalize on surging demand in markets such as electric vehicles, 5G telecommunications and clean energy. The company also said it plans to sell a substantial portion of its mobility & materials segment, primarily in the engineering Polymers and performance resins lines of business as well as its stake in the DuPont Teijin Films joint venture. (Reporting by Arathy S Nair in Bengaluru;Editing by Sriraj Kalluvila) ((arathys.nair@thomsonreuters.com; +1 646 223 8780 (Extn 2726); Twitter: https://twitter.com/ArathySom;)) The views and 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 on divestiture plans, results Nov 2 (Reuters) - DuPont de Nemours Inc DD.N said on Tuesday it would buy engineering materials technology maker Rogers Corp ROG.N for $5.2 billion, to capitalize on surging demand in markets such as electric vehicles, 5G telecommunications and clean energy. The company also said it plans to sell a substantial portion of its mobility & materials segment, primarily in the engineering Polymers and performance resins lines of business as well as its stake in the DuPont Teijin Films joint venture. Combined, these businesses represent about $4.2 billion in annual revenue, Dupont said.
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20bb6248-4fdc-4762-bc73-6e64323e7ca0
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716107.0
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2021-11-02 00:00:00 UTC
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Best Stocks To Invest In Right Now? 3 Tech Stocks In Focus
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DD
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https://www.nasdaq.com/articles/best-stocks-to-invest-in-right-now-3-tech-stocks-in-focus-2021-11-02
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3 Top Tech Stocks That Investors Are Watching Now
Tech stocks continue to gain attention in the stock market this week thanks to several ongoing factors. In fact, stocks, in general, are now mostly unchanged even after a record start to November. By and large, all of this is likely due to the Federal Reserve’s mostly expected deceleration of its bond-buyback program. This would be in line with the current pace of the economic recovery now. At the same time, continuous hikes in inflation could possibly fuel this narrative moving forward.
Now, how would all this relate to tech stocks might you ask? Well, for the most part, should the Fed unwind its monthly bond-buying plans, we could also see a potential rise in interest rates as well. Even if this means higher overall costs for businesses and consumers moving forward, the tech industry continues to power on. For instance, even major financial institutions such as Goldman Sachs (NYSE: GS) are heavily focusing on tech. So much so that Starling, a digital bank backed by Goldman Sachs plans to go public.
Elsewhere, the Rogers Corporation (NYSE: ROG), a specialty materials engineering tech firm is making waves in the stock market today/strong>. To highlight, DuPont (NYSE: DD) is reportedly looking to acquire the firm in an all-cash deal worth $5.2 billion. According to Rogers CEO Bruce Hoechner, the move could serve to accelerate the company’s long-term growth in key markets. This would, in theory, be possible because of the synergy between both companies’ tech-based material solutions. All in all, these are but two instances of the constantly growing and evolving tech industry today. With that said, here are three tech stocks to keep on your radar this week.
Best Tech Stocks To Buy [Or Sell] This Week
OLB Group Inc. (NASDAQ:OLB)
Arista Networks Inc. (NYSE:ANET)
Qualcomm Inc. (NASDAQ: QCOM)
OLB Group Inc.
OLB Group is a tech company that provides e-commerce merchant services and also operates as a Bitcoin crypto mining enterprise. The company’s platform delivers cloud-based services, providing a comprehensive digital commerce solution to over 9,500 merchants in all 50 states. Its DMint subsidiary engages in the mining of Bitcoin utilizing sustainable natural gas and has an initial deployment of 1,000 ASIC-based S19j Pro 96T mining computers projected by the end of 2021. OLB stock closed Tuesday’s trading session up an impressive 87.36% at $8.60 a share.
This latest rally seems to be coming from a piece of news that the company released today. Notably, OLB Group announced it is ready to process Mastercard (NYSE: MA) Bitcoin payments immediately. Merchants utilizing OLB’s OmniSoft business management platform and the company’s SecurePay Payment Gateway Platform will be able to activate Mastercard cryptocurrency transaction processing at any time.
OLB’s platform supports the processing of multiple cryptocurrencies including Bitcoin, Ethereum, USDC, and DAI across all merchant platforms. The gateway provides traditional credit and debit card processing, digital wallet services, and crypto commerce functions including conversion to fiat currencies, as well as end-to-end cryptocurrency transactions. “The recent announcement from Mastercard that it is supporting cryptocurrency should accelerate public acceptance of Bitcoin and other currencies for conducting everyday business,” said OLB CEO Ronny Yakov. “We have enabled crypto commerce throughout our OmniSoft and SecurePay portfolio which enables merchants to offer a broad choice of payment options that match customer’s expectations.” Given this piece of news, will you consider adding OLB stock to your portfolio?
Source: TD Ameritrade TOS
[Read More] 5 Metaverse Stocks To Watch In November 2021
Arista Networks Inc.
Moving on, we have Arista Networks, a computer networking company that designs and sells multilayer network switches. In fact, the company has pioneered software-driven, cognitive cloud networking for large-scale datacenters and campus environments. Arista’s award-winning platforms have and continue to redefine and deliver on automation, analytics, and security. ANET stock currently trade at $491.87 as of Tuesday’s closing bell, and saw gains of 20.39% from this morning’s opening bell.
Investors are likely responding to two pieces of news. Firstly, it reported its third-quarter financials on Monday. Revenue for the quarter was $748.7 million, increasing by 23.7% from a year ago. GAAP net income was $224.3 million. “We are experiencing strong demand for our pioneering client to cloud networking portfolio across all of our customer sectors. Despite a challenging supply chain environment, I am pleased with our delivery of another record quarter of Arista’s financial results in Q3 2021,” stated Jayshree Ullal, Arista’s President, and CEO.
Secondly, the company announced today the next major expansion of the Arista EOS network stack for data-driven cloud networking. This also includes the introduction of the EOS Network Data Lake (NetDL). Coupled with the AI-driven Autonomous Virtual Assist (Arista AVA), the company is extending the EOS network stack architecture to provide a high-fidelity data lake capability of next-generation data-driven networking. With that being said, should investors consider ANET stock a buy?
Source: TD Ameritrade TOS
[Read More] Top Reddit Stocks To Buy Right Now? 5 For Your Late 2021 Watchlist
Qualcomm Inc.
Qualcomm is the world’s leading wireless technology innovator and has driven the expansion of 5G. Its foundational technologies currently enables the mobile ecosystem and are present in virtually every 3G, 4G, and 5G smartphone. It also continues to push the boundaries in the automotive, computing, and communications industries.
The company announced that it will be posting its fourth-quarter financials after the market closes on November 3, 2021. What can we expect ahead of tomorrow’s earnings? Well, for starters, in its third-quarter financials, the company posted a revenue of $8.06 billion, up by 65% year-over-year. Net income for the quarter was $2.03 billion, increasing by 140% compared to a year earlier, or a diluted earnings per share of $1.77.
On Monday, the company also announced the goal to achieve net-zero emissions by 2040. Its strategy to achieve this goal will be to transition to renewable energy via long-term Power Purchase Agreements, decarbonizing its operations, and using a minimal amount of Renewable Energy Credits and carbon offsets for residual emissions. It also continues to make more energy-efficient products, like its Snapdragon platform which has industry-leading power consumption optimization. All things considered, will you add QCOM stock to your list of top tech stocks?
Source: TD Ameritrade TOS
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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To highlight, DuPont (NYSE: DD) is reportedly looking to acquire the firm in an all-cash deal worth $5.2 billion. “We have enabled crypto commerce throughout our OmniSoft and SecurePay portfolio which enables merchants to offer a broad choice of payment options that match customer’s expectations.” Given this piece of news, will you consider adding OLB stock to your portfolio? Source: TD Ameritrade TOS [Read More] Top Reddit Stocks To Buy Right Now?
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To highlight, DuPont (NYSE: DD) is reportedly looking to acquire the firm in an all-cash deal worth $5.2 billion. “We have enabled crypto commerce throughout our OmniSoft and SecurePay portfolio which enables merchants to offer a broad choice of payment options that match customer’s expectations.” Given this piece of news, will you consider adding OLB stock to your portfolio? Source: TD Ameritrade TOS [Read More] Top Reddit Stocks To Buy Right Now?
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To highlight, DuPont (NYSE: DD) is reportedly looking to acquire the firm in an all-cash deal worth $5.2 billion. “We have enabled crypto commerce throughout our OmniSoft and SecurePay portfolio which enables merchants to offer a broad choice of payment options that match customer’s expectations.” Given this piece of news, will you consider adding OLB stock to your portfolio? Source: TD Ameritrade TOS [Read More] Top Reddit Stocks To Buy Right Now?
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To highlight, DuPont (NYSE: DD) is reportedly looking to acquire the firm in an all-cash deal worth $5.2 billion. “We have enabled crypto commerce throughout our OmniSoft and SecurePay portfolio which enables merchants to offer a broad choice of payment options that match customer’s expectations.” Given this piece of news, will you consider adding OLB stock to your portfolio? Source: TD Ameritrade TOS [Read More] Top Reddit Stocks To Buy Right Now?
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79cebc86-e6b1-4843-add7-fa7cdde4d575
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716108.0
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2021-11-02 00:00:00 UTC
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EI DuPont De Nemours & Co. Q3 21 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.-q3-21-earnings-conference-call-at-8%3A00-am-et-2021-11-02
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nan
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nan
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(RTTNews) - EI DuPont De Nemours & Co. (DD) will host a conference call at 8:00 AM ET on November 2, 2021, to discuss Q3 21 earnings results.
To access the live webcast, log on to https://www.investors.dupont.com/investors/dupont-investors/events-and-presentations/default.aspx
The views and 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 November 2, 2021, to discuss Q3 21 earnings results. To access the live webcast, log on to https://www.investors.dupont.com/investors/dupont-investors/events-and-presentations/default.aspx The views and 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 November 2, 2021, to discuss Q3 21 earnings results. To access the live webcast, log on to https://www.investors.dupont.com/investors/dupont-investors/events-and-presentations/default.aspx The views and 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 November 2, 2021, to discuss Q3 21 earnings results. To access the live webcast, log on to https://www.investors.dupont.com/investors/dupont-investors/events-and-presentations/default.aspx The views and 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 November 2, 2021, to discuss Q3 21 earnings results. To access the live webcast, log on to https://www.investors.dupont.com/investors/dupont-investors/events-and-presentations/default.aspx The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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6707490a-3e78-4e31-bea0-1aefa018783f
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716109.0
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2021-11-01 00:00:00 UTC
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DuPont nears deal to buy electronics-materials maker Rogers - WSJ
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DD
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https://www.nasdaq.com/articles/dupont-nears-deal-to-buy-electronics-materials-maker-rogers-wsj-2021-11-02-0
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nan
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nan
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Adds details from Bloomberg report in paragraph 3
Nov 1 (Reuters) - DuPont de Nemours Inc DD.N is nearing a deal to buy electronics-materials specialist Rogers Corp ROG.N as part of its plan to remake the chemicals company, the Wall Street Journal reported on Monday, citing people familiar with the matter.
The company also plans to review alternatives for its unit that makes materials used in the automotive industry, according to the report.
Separately, Bloomberg News reported on Monday that DuPont is offering Rogers $275 a share, citing a person familiar with the matter.
Arizona-based Rogers has a market value of about $3.9 billion, based on its Monday's close.
A deal could be announced as soon as Tuesday when DuPont reports its third-quarter results, according to the Journal and Bloomberg.
Both companies did not immediately respond to Reuters requests for comment.
(Reporting by Jahnavi Nidumolu and Radhika Anilkumar in Bengaluru; Editing by Ramakrishnan M.)
((Jahnavi.Nidumolu@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Adds details from Bloomberg report in paragraph 3 Nov 1 (Reuters) - DuPont de Nemours Inc DD.N is nearing a deal to buy electronics-materials specialist Rogers Corp ROG.N as part of its plan to remake the chemicals company, the Wall Street Journal reported on Monday, citing people familiar with the matter. The company also plans to review alternatives for its unit that makes materials used in the automotive industry, according to the report. Separately, Bloomberg News reported on Monday that DuPont is offering Rogers $275 a share, citing a person familiar with the matter.
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Adds details from Bloomberg report in paragraph 3 Nov 1 (Reuters) - DuPont de Nemours Inc DD.N is nearing a deal to buy electronics-materials specialist Rogers Corp ROG.N as part of its plan to remake the chemicals company, the Wall Street Journal reported on Monday, citing people familiar with the matter. Separately, Bloomberg News reported on Monday that DuPont is offering Rogers $275 a share, citing a person familiar with the matter. A deal could be announced as soon as Tuesday when DuPont reports its third-quarter results, according to the Journal and Bloomberg.
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Adds details from Bloomberg report in paragraph 3 Nov 1 (Reuters) - DuPont de Nemours Inc DD.N is nearing a deal to buy electronics-materials specialist Rogers Corp ROG.N as part of its plan to remake the chemicals company, the Wall Street Journal reported on Monday, citing people familiar with the matter. Separately, Bloomberg News reported on Monday that DuPont is offering Rogers $275 a share, citing a person familiar with the matter. (Reporting by Jahnavi Nidumolu and Radhika Anilkumar in Bengaluru; Editing by Ramakrishnan M.) ((Jahnavi.Nidumolu@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Adds details from Bloomberg report in paragraph 3 Nov 1 (Reuters) - DuPont de Nemours Inc DD.N is nearing a deal to buy electronics-materials specialist Rogers Corp ROG.N as part of its plan to remake the chemicals company, the Wall Street Journal reported on Monday, citing people familiar with the matter. The company also plans to review alternatives for its unit that makes materials used in the automotive industry, according to the report. Arizona-based Rogers has a market value of about $3.9 billion, based on its Monday's close.
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0704bb30-6fef-428d-a525-f45f5a2a3d27
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716110.0
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2021-11-01 00:00:00 UTC
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DuPont nears deal to buy electronics-materials maker Rogers - WSJ
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DD
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https://www.nasdaq.com/articles/dupont-nears-deal-to-buy-electronics-materials-maker-rogers-wsj-2021-11-02
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nan
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nan
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Nov 1 (Reuters) - DuPont de Nemours Inc DD.N is nearing a deal to buy electronics-materials specialist Rogers Corp ROG.N as part of its plan to remake the chemicals company, the Wall Street Journal reported on Monday, citing people familiar with the matter.
The company also plans to review alternatives for its unit that makes materials used in the automotive industry, according to the report.
Rogers has a market value of nearly $4 billion, according to the Journal, which added that the moves are expected to be announced on Tuesday when DuPont reports its third-quarter results.
Both companies did not immediately respond to Reuters requests for comment.
(Reporting by Jahnavi Nidumolu in Bengaluru; Editing by Ramakrishnan M.)
((Jahnavi.Nidumolu@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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Nov 1 (Reuters) - DuPont de Nemours Inc DD.N is nearing a deal to buy electronics-materials specialist Rogers Corp ROG.N as part of its plan to remake the chemicals company, the Wall Street Journal reported on Monday, citing people familiar with the matter. Rogers has a market value of nearly $4 billion, according to the Journal, which added that the moves are expected to be announced on Tuesday when DuPont reports its third-quarter results. The company also plans to review alternatives for its unit that makes materials used in the automotive industry, according to the report.
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Nov 1 (Reuters) - DuPont de Nemours Inc DD.N is nearing a deal to buy electronics-materials specialist Rogers Corp ROG.N as part of its plan to remake the chemicals company, the Wall Street Journal reported on Monday, citing people familiar with the matter. Rogers has a market value of nearly $4 billion, according to the Journal, which added that the moves are expected to be announced on Tuesday when DuPont reports its third-quarter results. The company also plans to review alternatives for its unit that makes materials used in the automotive industry, according to the report.
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Nov 1 (Reuters) - DuPont de Nemours Inc DD.N is nearing a deal to buy electronics-materials specialist Rogers Corp ROG.N as part of its plan to remake the chemicals company, the Wall Street Journal reported on Monday, citing people familiar with the matter. Rogers has a market value of nearly $4 billion, according to the Journal, which added that the moves are expected to be announced on Tuesday when DuPont reports its third-quarter results. (Reporting by Jahnavi Nidumolu in Bengaluru; Editing by Ramakrishnan M.) ((Jahnavi.Nidumolu@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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Nov 1 (Reuters) - DuPont de Nemours Inc DD.N is nearing a deal to buy electronics-materials specialist Rogers Corp ROG.N as part of its plan to remake the chemicals company, the Wall Street Journal reported on Monday, citing people familiar with the matter. Rogers has a market value of nearly $4 billion, according to the Journal, which added that the moves are expected to be announced on Tuesday when DuPont reports its third-quarter results. The company also plans to review alternatives for its unit that makes materials used in the automotive industry, according to the report.
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4ea8b82e-60a9-4836-9650-05013333938b
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716111.0
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2021-10-22 00:00:00 UTC
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Does DuPont de Nemours (NYSE:DD) Have A Healthy Balance Sheet?
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DD
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https://www.nasdaq.com/articles/does-dupont-de-nemours-nyse%3Add-have-a-healthy-balance-sheet-2021-10-22
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nan
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nan
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Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously said that 'Volatility is far from synonymous with risk.' So it might be obvious that you need to consider debt, when you think about how risky any given stock is, because too much debt can sink a company. As with many other companies DuPont de Nemours, Inc. (NYSE:DD) makes use of debt. But is this debt a concern to shareholders?
Why Does Debt Bring Risk?
Generally speaking, debt only becomes a real problem when a company can't easily pay it off, either by raising capital or with its own cash flow. Part and parcel of capitalism is the process of 'creative destruction' where failed businesses are mercilessly liquidated by their bankers. However, a more frequent (but still costly) occurrence is where a company must issue shares at bargain-basement prices, permanently diluting shareholders, just to shore up its balance sheet. Of course, debt can be an important tool in businesses, particularly capital heavy businesses. The first step when considering a company's debt levels is to consider its cash and debt together.
How Much Debt Does DuPont de Nemours Carry?
You can click the graphic below for the historical numbers, but it shows that DuPont de Nemours had US$10.6b of debt in June 2021, down from US$19.2b, one year before. On the flip side, it has US$3.96b in cash leading to net debt of about US$6.66b.
NYSE:DD Debt to Equity History October 22nd 2021
A Look At DuPont de Nemours' Liabilities
According to the last reported balance sheet, DuPont de Nemours had liabilities of US$3.94b due within 12 months, and liabilities of US$14.4b due beyond 12 months. Offsetting this, it had US$3.96b in cash and US$2.83b in receivables that were due within 12 months. So it has liabilities totalling US$11.6b more than its cash and near-term receivables, combined.
DuPont de Nemours has a very large market capitalization of US$37.8b, so it could very likely raise cash to ameliorate its balance sheet, if the need arose. However, it is still worthwhile taking a close look at its ability to pay off debt.
We measure a company's debt load relative to its earnings power by looking at its net debt divided by its earnings before interest, tax, depreciation, and amortization (EBITDA) and by calculating how easily its earnings before interest and tax (EBIT) cover its interest expense (interest cover). The advantage of this approach is that we take into account both the absolute quantum of debt (with net debt to EBITDA) and the actual interest expenses associated with that debt (with its interest cover ratio).
Looking at its net debt to EBITDA of 1.2 and interest cover of 3.4 times, it seems to us that DuPont de Nemours is probably using debt in a pretty reasonable way. So we'd recommend keeping a close eye on the impact financing costs are having on the business. Sadly, DuPont de Nemours's EBIT actually dropped 5.9% in the last year. If earnings continue on that decline then managing that debt will be difficult like delivering hot soup on a unicycle. When analysing debt levels, the balance sheet is the obvious place to start. But it is future earnings, more than anything, that will determine DuPont de Nemours's ability to maintain a healthy balance sheet going forward. So if you want to see what the professionals think, you might find this free report on analyst profit forecasts to be interesting.
Finally, a business needs free cash flow to pay off debt; accounting profits just don't cut it. So we always check how much of that EBIT is translated into free cash flow. Over the most recent three years, DuPont de Nemours recorded free cash flow worth 56% of its EBIT, which is around normal, given free cash flow excludes interest and tax. This cold hard cash means it can reduce its debt when it wants to.
Our View
While DuPont de Nemours's EBIT growth rate makes us cautious about it, its track record of covering its interest expense with its EBIT is no better. But its not so bad at managing its debt, based on its EBITDA,. We think that DuPont de Nemours's debt does make it a bit risky, after considering the aforementioned data points together. That's not necessarily a bad thing, since leverage can boost returns on equity, but it is something to be aware of. When analysing debt levels, the balance sheet is the obvious place to start. However, not all investment risk resides within the balance sheet - far from it. Be aware that DuPont de Nemours is showing 3 warning signs in our investment analysis , and 1 of those makes us a bit uncomfortable...
At the end of the day, it's often better to focus on companies that are free from net debt. You can access our special list of such companies (all with a track record of profit growth). It's free.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.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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As with many other companies DuPont de Nemours, Inc. (NYSE:DD) makes use of debt. NYSE:DD Debt to Equity History October 22nd 2021 A Look At DuPont de Nemours' Liabilities According to the last reported balance sheet, DuPont de Nemours had liabilities of US$3.94b due within 12 months, and liabilities of US$14.4b due beyond 12 months. Generally speaking, debt only becomes a real problem when a company can't easily pay it off, either by raising capital or with its own cash flow.
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NYSE:DD Debt to Equity History October 22nd 2021 A Look At DuPont de Nemours' Liabilities According to the last reported balance sheet, DuPont de Nemours had liabilities of US$3.94b due within 12 months, and liabilities of US$14.4b due beyond 12 months. As with many other companies DuPont de Nemours, Inc. (NYSE:DD) makes use of debt. We measure a company's debt load relative to its earnings power by looking at its net debt divided by its earnings before interest, tax, depreciation, and amortization (EBITDA) and by calculating how easily its earnings before interest and tax (EBIT) cover its interest expense (interest cover).
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NYSE:DD Debt to Equity History October 22nd 2021 A Look At DuPont de Nemours' Liabilities According to the last reported balance sheet, DuPont de Nemours had liabilities of US$3.94b due within 12 months, and liabilities of US$14.4b due beyond 12 months. As with many other companies DuPont de Nemours, Inc. (NYSE:DD) makes use of debt. We measure a company's debt load relative to its earnings power by looking at its net debt divided by its earnings before interest, tax, depreciation, and amortization (EBITDA) and by calculating how easily its earnings before interest and tax (EBIT) cover its interest expense (interest cover).
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As with many other companies DuPont de Nemours, Inc. (NYSE:DD) makes use of debt. NYSE:DD Debt to Equity History October 22nd 2021 A Look At DuPont de Nemours' Liabilities According to the last reported balance sheet, DuPont de Nemours had liabilities of US$3.94b due within 12 months, and liabilities of US$14.4b due beyond 12 months. Looking at its net debt to EBITDA of 1.2 and interest cover of 3.4 times, it seems to us that DuPont de Nemours is probably using debt in a pretty reasonable way.
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b90da8dd-6cf1-49c1-8ab2-f226e8f3e321
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716112.0
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2021-10-20 00:00:00 UTC
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Notable Wednesday Option Activity: BR, LUV, DD
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DD
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https://www.nasdaq.com/articles/notable-wednesday-option-activity%3A-br-luv-dd-2021-10-20
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nan
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nan
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Broadridge Financial Solutions (Symbol: BR), where a total of 2,840 contracts have traded so far, representing approximately 284,000 underlying shares. That amounts to about 50.8% of BR's average daily trading volume over the past month of 559,160 shares. Particularly high volume was seen for the $180 strike put option expiring November 19, 2021, with 1,400 contracts trading so far today, representing approximately 140,000 underlying shares of BR. Below is a chart showing BR's trailing twelve month trading history, with the $180 strike highlighted in orange:
Southwest Airlines Co (Symbol: LUV) options are showing a volume of 38,491 contracts thus far today. That number of contracts represents approximately 3.8 million underlying shares, working out to a sizeable 49% of LUV's average daily trading volume over the past month, of 7.9 million shares. Especially high volume was seen for the $47.50 strike call option expiring November 19, 2021, with 5,025 contracts trading so far today, representing approximately 502,500 underlying shares of LUV. Below is a chart showing LUV's trailing twelve month trading history, with the $47.50 strike highlighted in orange:
And DuPont (Symbol: DD) options are showing a volume of 13,045 contracts thus far today. That number of contracts represents approximately 1.3 million underlying shares, working out to a sizeable 48.9% of DD's average daily trading volume over the past month, of 2.7 million shares. Particularly high volume was seen for the $70 strike put option expiring October 22, 2021, with 4,180 contracts trading so far today, representing approximately 418,000 underlying shares of DD. Below is a chart showing DD's trailing twelve month trading history, with the $70 strike highlighted in orange:
For the various different available expirations for BR options, LUV options, or DD options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and 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 put option expiring October 22, 2021, with 4,180 contracts trading so far today, representing approximately 418,000 underlying shares of DD. Below is a chart showing LUV's trailing twelve month trading history, with the $47.50 strike highlighted in orange: And DuPont (Symbol: DD) options are showing a volume of 13,045 contracts thus far today. That number of contracts represents approximately 1.3 million underlying shares, working out to a sizeable 48.9% 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 LUV's trailing twelve month trading history, with the $47.50 strike highlighted in orange: And DuPont (Symbol: DD) options are showing a volume of 13,045 contracts thus far today. That number of contracts represents approximately 1.3 million underlying shares, working out to a sizeable 48.9% of DD's average daily trading volume over the past month, of 2.7 million shares. Particularly high volume was seen for the $70 strike put option expiring October 22, 2021, with 4,180 contracts trading so far today, representing approximately 418,000 underlying shares of DD.
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Below is a chart showing DD's trailing twelve month trading history, with the $70 strike highlighted in orange: For the various different available expirations for BR options, LUV options, or DD options, visit StockOptionsChannel.com. Below is a chart showing LUV's trailing twelve month trading history, with the $47.50 strike highlighted in orange: And DuPont (Symbol: DD) options are showing a volume of 13,045 contracts thus far today. That number of contracts represents approximately 1.3 million underlying shares, working out to a sizeable 48.9% 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 DD's trailing twelve month trading history, with the $70 strike highlighted in orange: For the various different available expirations for BR options, LUV options, or DD options, visit StockOptionsChannel.com. Below is a chart showing LUV's trailing twelve month trading history, with the $47.50 strike highlighted in orange: And DuPont (Symbol: DD) options are showing a volume of 13,045 contracts thus far today. That number of contracts represents approximately 1.3 million underlying shares, working out to a sizeable 48.9% of DD's average daily trading volume over the past month, of 2.7 million shares.
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cbb0d4b1-93c6-47a8-901f-ccd4b33310ec
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716113.0
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2021-10-14 00:00:00 UTC
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U.S., Texas reach settlement with DuPont, PMNA over alleged environmental violations
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DD
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https://www.nasdaq.com/articles/u.s.-texas-reach-settlement-with-dupont-pmna-over-alleged-environmental-violations-2021-10
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nan
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Adds background on case
Oct 14 (Reuters) - The U.S. Justice Department, the Environmental Protection Agency (EPA) and the Texas Commission on Environmental Quality on Thursday announced a settlement with industrial materials maker DuPont DD.N and Performance Materials NA to resolve alleged violations of environmental laws at a Texas facility.
Under the settlement agreement, DuPont and PMNA will conduct compliance audits, control benzene emissions and perform other injunctive relief to address violations at the facility.
"Defendants will also pay a $3.1 million civil penalty and attorney's fees to the State of Texas", the Justice Department said in a statement.
In a joint complaint filed on Oct. 13, the United States, on behalf of the EPA, and the state of Texas alleged DuPont and PMNA violated hazardous waste, air and water environmental laws at the PMNA Sabine River chemical manufacturing facility in Orange, Texas. The former DuPont facility is now owned and operated by PMNA.
The alleged violations included failure to make hazardous waste determinations, failure to meet land disposal restrictions and unpermitted discharges of process wastewater, among others, the Justice Department said.
"The petrochemical industry must operate in compliance with environmental laws," said Assistant Attorney General Todd Kim of the Justice Department's Environment and Natural Resources Division.
"We will continue to hold operators accountable to address pollution from industrial operations that violate the law, such as those at the Sabine River facility, and to enhance public health and the environment, particularly in surrounding communities overburdened by industrial pollution," Kim added.
The consent decree was lodged with the U.S. District Court for the Eastern District of Texas on Oct. 13 and is set to be published in the Federal Register with an opportunity for public comment.
(Reporting by Kanishka Singh in Bengaluru; Editing by Aurora Ellis)
((Kanishka.Singh@thomsonreuters.com; +91 8061822801;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Under the settlement agreement, DuPont and PMNA will conduct compliance audits, control benzene emissions and perform other injunctive relief to address violations at the facility. "The petrochemical industry must operate in compliance with environmental laws," said Assistant Attorney General Todd Kim of the Justice Department's Environment and Natural Resources Division. Adds background on case Oct 14 (Reuters) - The U.S. Justice Department, the Environmental Protection Agency (EPA) and the Texas Commission on Environmental Quality on Thursday announced a settlement with industrial materials maker DuPont DD.N and Performance Materials NA to resolve alleged violations of environmental laws at a Texas facility.
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Adds background on case Oct 14 (Reuters) - The U.S. Justice Department, the Environmental Protection Agency (EPA) and the Texas Commission on Environmental Quality on Thursday announced a settlement with industrial materials maker DuPont DD.N and Performance Materials NA to resolve alleged violations of environmental laws at a Texas facility. "The petrochemical industry must operate in compliance with environmental laws," said Assistant Attorney General Todd Kim of the Justice Department's Environment and Natural Resources Division. Under the settlement agreement, DuPont and PMNA will conduct compliance audits, control benzene emissions and perform other injunctive relief to address violations at the facility.
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Adds background on case Oct 14 (Reuters) - The U.S. Justice Department, the Environmental Protection Agency (EPA) and the Texas Commission on Environmental Quality on Thursday announced a settlement with industrial materials maker DuPont DD.N and Performance Materials NA to resolve alleged violations of environmental laws at a Texas facility. "We will continue to hold operators accountable to address pollution from industrial operations that violate the law, such as those at the Sabine River facility, and to enhance public health and the environment, particularly in surrounding communities overburdened by industrial pollution," Kim added. Under the settlement agreement, DuPont and PMNA will conduct compliance audits, control benzene emissions and perform other injunctive relief to address violations at the facility.
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Adds background on case Oct 14 (Reuters) - The U.S. Justice Department, the Environmental Protection Agency (EPA) and the Texas Commission on Environmental Quality on Thursday announced a settlement with industrial materials maker DuPont DD.N and Performance Materials NA to resolve alleged violations of environmental laws at a Texas facility. Under the settlement agreement, DuPont and PMNA will conduct compliance audits, control benzene emissions and perform other injunctive relief to address violations at the facility. "The petrochemical industry must operate in compliance with environmental laws," said Assistant Attorney General Todd Kim of the Justice Department's Environment and Natural Resources Division.
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a4b3fb62-3c6f-46eb-bbdf-2ef8c4dc8a80
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716114.0
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2021-10-14 00:00:00 UTC
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Daily Dividend Report: COST,RTX,DD,CF,MMS
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DD
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https://www.nasdaq.com/articles/daily-dividend-report%3A-costrtxddcfmms-2021-10-14
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nan
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nan
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Costco Wholesale today announced that its Board of Directors has declared a quarterly cash dividend on Costco common stock of 79 cents per share. The quarterly dividend is payable November 12, 2021, to shareholders of record at the close of business on October 29, 2021.
Raytheon Technologies announced today that its board of directors declared a dividend of 51 cents per outstanding share of RTX common stock. The dividend will be payable on Dec. 16, 2021 to shareowners of record at the close of business on Nov. 19, 2021. Raytheon Technologies has paid cash dividends on its common stock every year since 1936.
DuPont today announced that its Board of Directors has declared a fourth quarter dividend of $0.30 per share on the outstanding Common Stock of the Company payable December 15, 2021, to holders of record of said stock at the close of business on November 30, 2021.
CF Industries Holdings today reported that its board of directors has declared a $0.30 per share dividend on its common stock. The dividend will be payable on November 30, 2021, to stockholders of record as of November 15, 2021.
Maximus, a leading provider of government services worldwide, announced today that its Board of Directors has approved a quarterly cash dividend of $0.28 per share, payable on November 30, 2021, to shareholders of record on November 15, 2021.
VIDEO: Daily Dividend Report: COST,RTX,DD,CF,MMS
The views and 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: COST,RTX,DD,CF,MMS The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The quarterly dividend is payable November 12, 2021, to shareholders of record at the close of business on October 29, 2021. Raytheon Technologies announced today that its board of directors declared a dividend of 51 cents per outstanding share of RTX common stock.
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VIDEO: Daily Dividend Report: COST,RTX,DD,CF,MMS The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Costco Wholesale today announced that its Board of Directors has declared a quarterly cash dividend on Costco common stock of 79 cents per share. Raytheon Technologies announced today that its board of directors declared a dividend of 51 cents per outstanding share of RTX common stock.
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VIDEO: Daily Dividend Report: COST,RTX,DD,CF,MMS The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Costco Wholesale today announced that its Board of Directors has declared a quarterly cash dividend on Costco common stock of 79 cents per share. DuPont today announced that its Board of Directors has declared a fourth quarter dividend of $0.30 per share on the outstanding Common Stock of the Company payable December 15, 2021, to holders of record of said stock at the close of business on November 30, 2021.
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VIDEO: Daily Dividend Report: COST,RTX,DD,CF,MMS The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Costco Wholesale today announced that its Board of Directors has declared a quarterly cash dividend on Costco common stock of 79 cents per share. DuPont today announced that its Board of Directors has declared a fourth quarter dividend of $0.30 per share on the outstanding Common Stock of the Company payable December 15, 2021, to holders of record of said stock at the close of business on November 30, 2021.
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0de92a4f-f7e8-4f7f-87b5-3208472e8c78
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716115.0
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2021-10-11 00:00:00 UTC
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Pre-Market Most Active for Oct 11, 2021 : ADMS, FLXN, PTGX, SQQQ, BABA, APA, AAPL, KMI, DD, KR, DIDI, CVS
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DD
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https://www.nasdaq.com/articles/pre-market-most-active-for-oct-11-2021-%3A-adms-flxn-ptgx-sqqq-baba-apa-aapl-kmi-dd-kr-didi
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nan
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nan
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The NASDAQ 100 Pre-Market Indicator is down -65.87 to 14,754.88. The total Pre-Market volume is currently 27,652,438 shares traded.
The following are the most active stocks for the pre-market session:
Adamas Pharmaceuticals, Inc. (ADMS) is +3.19 at $7.80, with 3,809,321 shares traded. As reported in the last short interest update the days to cover for ADMS is 18.831576; this calculation is based on the average trading volume of the stock.
Flexion Therapeutics, Inc. (FLXN) is +4.02 at $9.80, with 3,351,553 shares traded. As reported by Zacks, the current mean recommendation for FLXN is in the "buy range".
Protagonist Therapeutics, Inc. (PTGX) is +16.36 at $34.60, with 2,458,352 shares traded. As reported in the last short interest update the days to cover for PTGX is 9.447701; this calculation is based on the average trading volume of the stock.
ProShares UltraPro Short QQQ (SQQQ) is +0.17 at $8.54, with 1,951,760 shares traded. This represents a 19.27% increase from its 52 Week Low.
Alibaba Group Holding Limited (BABA) is +8.73 at $170.25, with 1,535,539 shares traded. As reported by Zacks, the current mean recommendation for BABA is in the "buy range".
APA Corporation (APA) is +0.7399 at $25.10, with 1,467,662 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2021. The consensus EPS forecast is $0.82. , following a 52-week high recorded in prior regular session.
Apple Inc. (AAPL) is -0.98 at $141.92, with 1,343,984 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
Kinder Morgan, Inc. (KMI) is +0.2 at $17.67, with 963,086 shares traded. KMI's current last sale is 98.17% of the target price of $18.
DuPont de Nemours, Inc. (DD) is -0.54 at $69.88, with 697,681 shares traded. As reported by Zacks, the current mean recommendation for DD is in the "buy range".
Kroger Company (The) (KR) is +0.0356 at $39.51, with 469,008 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Oct 2021. The consensus EPS forecast is $0.65. KR's current last sale is 98.76% of the target price of $40.
DiDi Global Inc. (DIDI) is +0.19 at $8.36, with 380,397 shares traded. DIDI's current last sale is 33.44% of the target price of $25.
CVS Health Corporation (CVS) is -0.12 at $84.25, with 379,870 shares traded. As reported by Zacks, the current mean recommendation for CVS is in the "buy range".
The views and 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 -0.54 at $69.88, with 697,681 shares traded. As reported by Zacks, the current mean recommendation for DD is in the "buy range". As reported in the last short interest update the days to cover for ADMS is 18.831576; this calculation is based on the average trading volume of the stock.
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DuPont de Nemours, Inc. (DD) is -0.54 at $69.88, with 697,681 shares traded. As reported by Zacks, the current mean recommendation for DD is in the "buy range". The total Pre-Market volume is currently 27,652,438 shares traded.
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DuPont de Nemours, Inc. (DD) is -0.54 at $69.88, with 697,681 shares traded. As reported by Zacks, the current mean recommendation for DD is in the "buy range". The total Pre-Market volume is currently 27,652,438 shares traded.
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DuPont de Nemours, Inc. (DD) is -0.54 at $69.88, with 697,681 shares traded. As reported by Zacks, the current mean recommendation for DD is in the "buy range". The following are the most active stocks for the pre-market session:
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41e22c39-27a6-47cf-825d-02e19d0e8ce3
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716116.0
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2021-10-08 00:00:00 UTC
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XLB, SHW, DOW, DD: ETF Outflow Alert
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DD
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https://www.nasdaq.com/articles/xlb-shw-dow-dd%3A-etf-outflow-alert-2021-10-08
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Materials Select Sector SPDR— Fund (Symbol: XLB) where we have detected an approximate $93.9 million dollar outflow -- that's a 1.2% decrease week over week (from 94,470,000 to 93,320,000). Among the largest underlying components of XLB, in trading today Sherwin-Williams Co (Symbol: SHW) is off about 1.8%, Dow Inc (Symbol: DOW) is up about 1.1%, and DuPont (Symbol: DD) is higher by about 0.2%. For a complete list of holdings, visit the XLB Holdings page » The chart below shows the one year price performance of XLB, versus its 200 day moving average:
Looking at the chart above, XLB's low point in its 52 week range is $61.54 per share, with $89.212 as the 52 week high point — that compares with a last trade of $81.43. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Free Report: Top 7%+ Dividends (paid monthly)
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of XLB, in trading today Sherwin-Williams Co (Symbol: SHW) is off about 1.8%, Dow Inc (Symbol: DOW) is up about 1.1%, and DuPont (Symbol: DD) is higher by about 0.2%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Materials Select Sector SPDR— Fund (Symbol: XLB) where we have detected an approximate $93.9 million dollar outflow -- that's a 1.2% decrease week over week (from 94,470,000 to 93,320,000). These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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Among the largest underlying components of XLB, in trading today Sherwin-Williams Co (Symbol: SHW) is off about 1.8%, Dow Inc (Symbol: DOW) is up about 1.1%, and DuPont (Symbol: DD) is higher by about 0.2%. For a complete list of holdings, visit the XLB Holdings page » The chart below shows the one year price performance of XLB, versus its 200 day moving average: Looking at the chart above, XLB's low point in its 52 week range is $61.54 per share, with $89.212 as the 52 week high point — that compares with a last trade of $81.43. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed).
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Among the largest underlying components of XLB, in trading today Sherwin-Williams Co (Symbol: SHW) is off about 1.8%, Dow Inc (Symbol: DOW) is up about 1.1%, and DuPont (Symbol: DD) is higher by about 0.2%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Materials Select Sector SPDR— Fund (Symbol: XLB) where we have detected an approximate $93.9 million dollar outflow -- that's a 1.2% decrease week over week (from 94,470,000 to 93,320,000). For a complete list of holdings, visit the XLB Holdings page » The chart below shows the one year price performance of XLB, versus its 200 day moving average: Looking at the chart above, XLB's low point in its 52 week range is $61.54 per share, with $89.212 as the 52 week high point — that compares with a last trade of $81.43.
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Among the largest underlying components of XLB, in trading today Sherwin-Williams Co (Symbol: SHW) is off about 1.8%, Dow Inc (Symbol: DOW) is up about 1.1%, and DuPont (Symbol: DD) is higher by about 0.2%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Materials Select Sector SPDR— Fund (Symbol: XLB) where we have detected an approximate $93.9 million dollar outflow -- that's a 1.2% decrease week over week (from 94,470,000 to 93,320,000). For a complete list of holdings, visit the XLB Holdings page » The chart below shows the one year price performance of XLB, versus its 200 day moving average: Looking at the chart above, XLB's low point in its 52 week range is $61.54 per share, with $89.212 as the 52 week high point — that compares with a last trade of $81.43.
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7d264ecf-d0fc-4335-b69d-be04ce6165d1
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716117.0
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2021-09-30 00:00:00 UTC
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DD November 12th Options Begin Trading
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DD
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https://www.nasdaq.com/articles/dd-november-12th-options-begin-trading-2021-09-30
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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 November 12th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new November 12th 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 98 cents. 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 $66.02 (before broker commissions). To an investor already interested in purchasing shares of DD, that could represent an attractive alternative to paying $69.18/share today.
Because the $67.00 strike represents an approximate 3% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 64%. 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 1.46% return on the cash commitment, or 12.40% 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 $73.00 strike price has a current bid of 47 cents. If an investor was to purchase shares of DD stock at the current price level of $69.18/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 6.20% if the stock gets called away at the November 12th 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 6% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 69%. 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 0.68% boost of extra return to the investor, or 5.76% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 42%, while the implied volatility in the call contract example is 46%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $69.18) 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 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $73.00 strike highlighted in red: Considering the fact that the $73.00 strike represents an approximate 6% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in DuPont (Symbol: DD) saw new options begin trading today, for the November 12th expiration.
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The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 64%. 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 6% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 69%.
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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 6% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Investors in DuPont (Symbol: DD) saw new options begin trading today, for the November 12th expiration.
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At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new November 12th contracts and identified one put and one call contract of particular interest. 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 6% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in DuPont (Symbol: DD) saw new options begin trading today, for the November 12th expiration.
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3ca24d6c-aaec-4dcc-9b54-a5b1d108b961
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716118.0
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2021-09-22 00:00:00 UTC
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Interesting DD Put And Call Options For December 17th
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DD
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https://www.nasdaq.com/articles/interesting-dd-put-and-call-options-for-december-17th-2021-09-22
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nan
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nan
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Investors in DuPont (Symbol: DD) saw new options become available today, for the December 17th 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 86 days until expiration the newly available contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new December 17th contracts and identified one put and one call contract of particular interest.
The put contract at the $67.50 strike price has a current bid of $3.30. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $67.50, but will also collect the premium, putting the cost basis of the shares at $64.20 (before broker commissions). To an investor already interested in purchasing shares of DD, that could represent an attractive alternative to paying $68.69/share today.
Because the $67.50 strike represents an approximate 2% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 57%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 4.89% return on the cash commitment, or 20.74% 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 $67.50 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 $2.53. If an investor was to purchase shares of DD stock at the current price level of $68.69/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 5.59% if the stock gets called away at the December 17th 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 53%. 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 3.68% boost of extra return to the investor, or 15.62% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 33%, while the implied volatility in the call contract example is 32%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $68.69) 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 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $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 become available today, for the December 17th expiration.
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The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 57%. 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 53%.
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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). Investors in DuPont (Symbol: DD) saw new options become available today, for the December 17th expiration.
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At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new December 17th contracts and identified one put and one call contract of particular interest. 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 become available today, for the December 17th expiration.
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49f921d9-005b-4615-8115-869fba544bbf
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716119.0
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2021-09-22 00:00:00 UTC
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Is It Time To Consider Buying DuPont de Nemours, Inc. (NYSE:DD)?
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DD
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https://www.nasdaq.com/articles/is-it-time-to-consider-buying-dupont-de-nemours-inc.-nyse%3Add-2021-09-22
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nan
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nan
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DuPont de Nemours, Inc. (NYSE:DD) received a lot of attention from a substantial price movement on the NYSE over the last few months, increasing to US$81.56 at one point, and dropping to the lows of US$67.35. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question to answer is whether DuPont de Nemours' current trading price of US$67.35 reflective of the actual value of the large-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let’s take a look at DuPont de Nemours’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change.
Is DuPont de Nemours still cheap?
DuPont de Nemours is currently expensive based on my price multiple model, where I look at the company's price-to-earnings ratio in comparison to the industry average. I’ve used the price-to-earnings ratio in this instance because there’s not enough visibility to forecast its cash flows. The stock’s ratio of 30.85x is currently well-above the industry average of 22.15x, meaning that it is trading at a more expensive price relative to its peers. If you like the stock, you may want to keep an eye out for a potential price decline in the future. Given that DuPont de Nemours’s share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us another chance to buy in the future. This is based on its high beta, which is a good indicator for share price volatility.
What kind of growth will DuPont de Nemours generate?
NYSE:DD Earnings and Revenue Growth September 22nd 2021
Future outlook is an important aspect when you’re looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. DuPont de Nemours' earnings over the next few years are expected to double, indicating a very optimistic future ahead. This should lead to stronger cash flows, feeding into a higher share value.
What this means for you:
Are you a shareholder? It seems like the market has well and truly priced in DD’s positive outlook, with shares trading above industry price multiples. At this current price, shareholders may be asking a different question – should I sell? If you believe DD should trade below its current price, selling high and buying it back up again when its price falls towards the industry PE ratio can be profitable. But before you make this decision, take a look at whether its fundamentals have changed.
Are you a potential investor? If you’ve been keeping tabs on DD for some time, now may not be the best time to enter into the stock. The price has surpassed its industry peers, which means it is likely that there is no more upside from mispricing. However, the optimistic prospect is encouraging for DD, which means it’s worth diving deeper into other factors in order to take advantage of the next price drop.
So if you'd like to dive deeper into this stock, it's crucial to consider any risks it's facing. For instance, we've identified 3 warning signs for DuPont de Nemours (1 makes us a bit uncomfortable) you should be familiar with.
If you are no longer interested in DuPont de Nemours, you can use our free platform to see our list of over 50 other stocks with a high growth potential.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.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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However, the optimistic prospect is encouraging for DD, which means it’s worth diving deeper into other factors in order to take advantage of the next price drop. DuPont de Nemours, Inc. (NYSE:DD) received a lot of attention from a substantial price movement on the NYSE over the last few months, increasing to US$81.56 at one point, and dropping to the lows of US$67.35. NYSE:DD Earnings and Revenue Growth September 22nd 2021 Future outlook is an important aspect when you’re looking at buying a stock, especially if you are an investor looking for growth in your portfolio.
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It seems like the market has well and truly priced in DD’s positive outlook, with shares trading above industry price multiples. DuPont de Nemours, Inc. (NYSE:DD) received a lot of attention from a substantial price movement on the NYSE over the last few months, increasing to US$81.56 at one point, and dropping to the lows of US$67.35. NYSE:DD Earnings and Revenue Growth September 22nd 2021 Future outlook is an important aspect when you’re looking at buying a stock, especially if you are an investor looking for growth in your portfolio.
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If you believe DD should trade below its current price, selling high and buying it back up again when its price falls towards the industry PE ratio can be profitable. DuPont de Nemours, Inc. (NYSE:DD) received a lot of attention from a substantial price movement on the NYSE over the last few months, increasing to US$81.56 at one point, and dropping to the lows of US$67.35. NYSE:DD Earnings and Revenue Growth September 22nd 2021 Future outlook is an important aspect when you’re looking at buying a stock, especially if you are an investor looking for growth in your portfolio.
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It seems like the market has well and truly priced in DD’s positive outlook, with shares trading above industry price multiples. DuPont de Nemours, Inc. (NYSE:DD) received a lot of attention from a substantial price movement on the NYSE over the last few months, increasing to US$81.56 at one point, and dropping to the lows of US$67.35. NYSE:DD Earnings and Revenue Growth September 22nd 2021 Future outlook is an important aspect when you’re looking at buying a stock, especially if you are an investor looking for growth in your portfolio.
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6f69f6c5-520d-4ded-a388-d44830efee4b
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716120.0
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2021-09-20 00:00:00 UTC
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Look Under The Hood: RTM Has 15% Upside
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DD
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https://www.nasdaq.com/articles/look-under-the-hood%3A-rtm-has-15-upside-2021-09-20
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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 Invesco S&P 500— Equal Weight Materials ETF (Symbol: RTM), we found that the implied analyst target price for the ETF based upon its underlying holdings is $186.30 per unit.
With RTM trading at a recent price near $162.11 per unit, that means that analysts see 14.92% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of RTM's underlying holdings with notable upside to their analyst target prices are DuPont de Nemours Inc (Symbol: DD), LyondellBasell Industries NV (Symbol: LYB), and Corteva Inc (Symbol: CTVA). Although DD has traded at a recent price of $68.91/share, the average analyst target is 29.49% higher at $89.23/share. Similarly, LYB has 21.46% upside from the recent share price of $92.15 if the average analyst target price of $111.92/share is reached, and analysts on average are expecting CTVA to reach a target price of $50.00/share, which is 19.42% above the recent price of $41.87. Below is a twelve month price history chart comparing the stock performance of DD, LYB, and CTVA:
Combined, DD, LYB, and CTVA represent 9.81% of the Invesco S&P 500— Equal Weight Materials ETF. 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
Invesco S&P 500— Equal Weight Materials ETF RTM $162.11 $186.30 14.92%
DuPont de Nemours Inc DD $68.91 $89.23 29.49%
LyondellBasell Industries NV LYB $92.15 $111.92 21.46%
Corteva Inc CTVA $41.87 $50.00 19.42%
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 »
The views and 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 a twelve month price history chart comparing the stock performance of DD, LYB, and CTVA: Combined, DD, LYB, and CTVA represent 9.81% of the Invesco S&P 500— Equal Weight Materials ETF. Invesco S&P 500— Equal Weight Materials ETF RTM $162.11 $186.30 14.92% DuPont de Nemours Inc DD $68.91 $89.23 29.49% LyondellBasell Industries NV LYB $92.15 $111.92 21.46% Corteva Inc CTVA $41.87 $50.00 19.42% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of RTM's underlying holdings with notable upside to their analyst target prices are DuPont de Nemours Inc (Symbol: DD), LyondellBasell Industries NV (Symbol: LYB), and Corteva Inc (Symbol: CTVA).
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Three of RTM's underlying holdings with notable upside to their analyst target prices are DuPont de Nemours Inc (Symbol: DD), LyondellBasell Industries NV (Symbol: LYB), and Corteva Inc (Symbol: CTVA). Invesco S&P 500— Equal Weight Materials ETF RTM $162.11 $186.30 14.92% DuPont de Nemours Inc DD $68.91 $89.23 29.49% LyondellBasell Industries NV LYB $92.15 $111.92 21.46% Corteva Inc CTVA $41.87 $50.00 19.42% 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 $68.91/share, the average analyst target is 29.49% higher at $89.23/share.
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Three of RTM's underlying holdings with notable upside to their analyst target prices are DuPont de Nemours Inc (Symbol: DD), LyondellBasell Industries NV (Symbol: LYB), and Corteva Inc (Symbol: CTVA). Although DD has traded at a recent price of $68.91/share, the average analyst target is 29.49% higher at $89.23/share. Below is a twelve month price history chart comparing the stock performance of DD, LYB, and CTVA: Combined, DD, LYB, and CTVA represent 9.81% of the Invesco S&P 500— Equal Weight Materials ETF.
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Below is a twelve month price history chart comparing the stock performance of DD, LYB, and CTVA: Combined, DD, LYB, and CTVA represent 9.81% of the Invesco S&P 500— Equal Weight Materials ETF. Three of RTM's underlying holdings with notable upside to their analyst target prices are DuPont de Nemours Inc (Symbol: DD), LyondellBasell Industries NV (Symbol: LYB), and Corteva Inc (Symbol: CTVA). Although DD has traded at a recent price of $68.91/share, the average analyst target is 29.49% higher at $89.23/share.
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4ffcc2d4-ae09-4b8c-8010-037d89dab85a
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716121.0
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2021-09-14 00:00:00 UTC
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Oversold Conditions For DuPont (DD)
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DD
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https://www.nasdaq.com/articles/oversold-conditions-for-dupont-dd-2021-09-14
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nan
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nan
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Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In trading on Tuesday, shares of DuPont (Symbol: DD) entered into oversold territory, hitting an RSI reading of 28.3, after changing hands as low as $68.25 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 43.7. A bullish investor could look at DD's 28.3 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DD shares:
Looking at the chart above, DD's low point in its 52 week range is $53.4901 per share, with $87.27 as the 52 week high point — that compares with a last trade of $68.47.
Find out what 9 other oversold stocks you need to know about »
The views and 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) entered into oversold territory, hitting an RSI reading of 28.3, after changing hands as low as $68.25 per share. A bullish investor could look at DD's 28.3 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DD shares: Looking at the chart above, DD's low point in its 52 week range is $53.4901 per share, with $87.27 as the 52 week high point — that compares with a last trade of $68.47.
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In trading on Tuesday, shares of DuPont (Symbol: DD) entered into oversold territory, hitting an RSI reading of 28.3, after changing hands as low as $68.25 per share. A bullish investor could look at DD's 28.3 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DD shares: Looking at the chart above, DD's low point in its 52 week range is $53.4901 per share, with $87.27 as the 52 week high point — that compares with a last trade of $68.47.
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In trading on Tuesday, shares of DuPont (Symbol: DD) entered into oversold territory, hitting an RSI reading of 28.3, after changing hands as low as $68.25 per share. A bullish investor could look at DD's 28.3 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DD shares: Looking at the chart above, DD's low point in its 52 week range is $53.4901 per share, with $87.27 as the 52 week high point — that compares with a last trade of $68.47.
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In trading on Tuesday, shares of DuPont (Symbol: DD) entered into oversold territory, hitting an RSI reading of 28.3, after changing hands as low as $68.25 per share. A bullish investor could look at DD's 28.3 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DD shares: Looking at the chart above, DD's low point in its 52 week range is $53.4901 per share, with $87.27 as the 52 week high point — that compares with a last trade of $68.47.
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951462bb-fad4-4627-9a15-6efc1353cf0c
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716122.0
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2021-09-13 00:00:00 UTC
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DD January 2024 Options Begin Trading
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DD
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https://www.nasdaq.com/articles/dd-january-2024-options-begin-trading-2021-09-13
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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 January 2024 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 858 days until expiration the newly trading contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new January 2024 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 $7.00. 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 $58.00 (before broker commissions). To an investor already interested in purchasing shares of DD, that could represent an attractive alternative to paying $70.89/share today.
Because the $65.00 strike represents an approximate 8% 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 65%. 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 10.77% return on the cash commitment, or 4.58% 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 $75.00 strike price has a current bid of $6.50. If an investor was to purchase shares of DD stock at the current price level of $70.89/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $75.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 14.97% if the stock gets called away at the January 2024 expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $75.00 strike highlighted in red:
Considering the fact that the $75.00 strike represents an approximate 6% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 49%. 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 9.17% boost of extra return to the investor, or 3.90% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 37%, while the implied volatility in the call contract example is 30%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $70.89) 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 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $75.00 strike highlighted in red: Considering the fact that the $75.00 strike represents an approximate 6% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in DuPont (Symbol: DD) saw new options begin trading today, for the January 2024 expiration.
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The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 65%. Below is a chart showing DD's trailing twelve month trading history, with the $75.00 strike highlighted in red: Considering the fact that the $75.00 strike represents an approximate 6% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 49%.
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Below is a chart showing DD's trailing twelve month trading history, with the $75.00 strike highlighted in red: Considering the fact that the $75.00 strike represents an approximate 6% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Investors in DuPont (Symbol: DD) saw new options begin trading today, for the January 2024 expiration.
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At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new January 2024 contracts and identified one put and one call contract of particular interest. Below is a chart showing DD's trailing twelve month trading history, with the $75.00 strike highlighted in red: Considering the fact that the $75.00 strike represents an approximate 6% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in DuPont (Symbol: DD) saw new options begin trading today, for the January 2024 expiration.
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9a024258-2f5f-4a3b-8bb2-9745a97da771
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716123.0
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2021-08-23 00:00:00 UTC
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IFF signs deal to sell microbial control unit to Lanxess for $1.3 billion
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DD
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https://www.nasdaq.com/articles/iff-signs-deal-to-sell-microbial-control-unit-to-lanxess-for-%241.3-billion-2021-08-23
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nan
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nan
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Aug 23 (Reuters) - Chemical company International Flavors & Fragrances (IFF) IFF.N has signed a deal to sell its microbial control unit to German specialty chemicals maker Lanxess LXSG.DE, with the deal being valued at $1.3 billion, the companies said.
IFF, which supplies scents and tastes for products that are household names, said on Monday the cash proceeds from the deal will be primarily used to reduce outstanding debt.
The companies added they expect the deal to close in the second half of 2022.
The German company said its currently suspended share buy-back program in the amount of 463 million euros ($543.89 million) will be terminated. The nearly 1.1 million repurchased shares under the program will be cancelled, it added.
Lanxess also said it has secured bridge financing for the deal, which is expected to be refinanced with senior corporate bonds.
Reuters reported last month that IFF had short-listed Lanxess and private equity-owned LSI in the sale of its microbial control unit.
IFF in 2019 agreed to merge with DuPont's DD.N $26 billion nutrition and biosciences unit, creating a new consumer giant. This year it put the microbial control unit up for sale with the help of Bank of America BAC.N as it sought to shake off some assets inherited from the DuPont deal.
The microbial control unit, a former Dow business that became part of DuPont following the two companies' merger and subsequent split, makes biocides used in the oil and gas industry as well as for water treatment and hygiene purposes.
The microbial control unit of IFF is composed of about 270 employees with two production facilities in the U.S. and with an estimated 2021 annual revenue of about $440 million, IFF said.
($1 = 0.8513 euros)
(Reporting by Kanishka Singh in Bengaluru Editing by Chris Reese)
((Kanishka.Singh@thomsonreuters.com; +91 8061822801;))
The views and 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 companies added they expect the deal to close in the second half of 2022. The nearly 1.1 million repurchased shares under the program will be cancelled, it added. IFF in 2019 agreed to merge with DuPont's DD.N $26 billion nutrition and biosciences unit, creating a new consumer giant.
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The companies added they expect the deal to close in the second half of 2022. The nearly 1.1 million repurchased shares under the program will be cancelled, it added. IFF in 2019 agreed to merge with DuPont's DD.N $26 billion nutrition and biosciences unit, creating a new consumer giant.
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The companies added they expect the deal to close in the second half of 2022. The nearly 1.1 million repurchased shares under the program will be cancelled, it added. IFF in 2019 agreed to merge with DuPont's DD.N $26 billion nutrition and biosciences unit, creating a new consumer giant.
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The companies added they expect the deal to close in the second half of 2022. The nearly 1.1 million repurchased shares under the program will be cancelled, it added. IFF in 2019 agreed to merge with DuPont's DD.N $26 billion nutrition and biosciences unit, creating a new consumer giant.
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1e583b9e-f7e0-43ed-ab6b-cf974122f8bc
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716124.0
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2021-08-23 00:00:00 UTC
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IFF signs deal to sell microbial control unit to Lanxess for $1.3 billion
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DD
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https://www.nasdaq.com/articles/iff-signs-deal-to-sell-microbial-control-unit-to-lanxess-for-%241.3-billion-2021-08-23-0
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nan
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nan
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Adds synergies in paragraph four
Aug 23 (Reuters) - Chemical company International Flavors & Fragrances (IFF) IFF.N has signed a deal to sell its microbial control unit to German specialty chemicals maker Lanxess LXSG.DE, with the deal being valued at $1.3 billion, the companies said.
IFF, which supplies scents and tastes for products that are household names, said on Monday the cash proceeds from the deal will be primarily used to reduce outstanding debt.
The companies added they expect the deal to close in the second quarter of 2022.
Within four years after the deal closing, Lanxess said it expects synergies to add about $35 million in earnings before interest, tax, depreciation and amortization. The acquisition is expected to be earnings per share accretive in the first fiscal year after closing, the statement added.
The German company said its currently suspended share buy-back program in the amount of 463 million euros ($543.89 million) will be terminated. The nearly 1.1 million repurchased shares under the program will be cancelled, it added.
Lanxess also said it has secured bridge financing for the deal, which is expected to be refinanced with senior corporate bonds.
Reuters reported last month that IFF had short-listed Lanxess and private equity-owned LSI in the sale of its microbial control unit.
IFF in 2019 agreed to merge with DuPont's DD.N $26 billion nutrition and biosciences unit, creating a new consumer giant. This year it put the microbial control unit up for sale with the help of Bank of America BAC.N as it sought to shake off some assets inherited from the DuPont deal.
The microbial control unit, a former Dow business that became part of DuPont following the two companies' merger and subsequent split, makes biocides used in the oil and gas industry as well as for water treatment and hygiene purposes.
The microbial control unit of IFF is composed of about 270 employees with two production facilities in the U.S. and with an estimated 2021 annual revenue of about $440 million, IFF said.
($1 = 0.8513 euros)
(Reporting by Kanishka Singh in Bengaluru Editing by Chris Reese)
((Kanishka.Singh@thomsonreuters.com; +91 8061822801;))
The views and 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 synergies in paragraph four Aug 23 (Reuters) - Chemical company International Flavors & Fragrances (IFF) IFF.N has signed a deal to sell its microbial control unit to German specialty chemicals maker Lanxess LXSG.DE, with the deal being valued at $1.3 billion, the companies said. The companies added they expect the deal to close in the second quarter of 2022. Within four years after the deal closing, Lanxess said it expects synergies to add about $35 million in earnings before interest, tax, depreciation and amortization.
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Adds synergies in paragraph four Aug 23 (Reuters) - Chemical company International Flavors & Fragrances (IFF) IFF.N has signed a deal to sell its microbial control unit to German specialty chemicals maker Lanxess LXSG.DE, with the deal being valued at $1.3 billion, the companies said. Within four years after the deal closing, Lanxess said it expects synergies to add about $35 million in earnings before interest, tax, depreciation and amortization. The companies added they expect the deal to close in the second quarter of 2022.
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Adds synergies in paragraph four Aug 23 (Reuters) - Chemical company International Flavors & Fragrances (IFF) IFF.N has signed a deal to sell its microbial control unit to German specialty chemicals maker Lanxess LXSG.DE, with the deal being valued at $1.3 billion, the companies said. Within four years after the deal closing, Lanxess said it expects synergies to add about $35 million in earnings before interest, tax, depreciation and amortization. The companies added they expect the deal to close in the second quarter of 2022.
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The companies added they expect the deal to close in the second quarter of 2022. The nearly 1.1 million repurchased shares under the program will be cancelled, it added. Adds synergies in paragraph four Aug 23 (Reuters) - Chemical company International Flavors & Fragrances (IFF) IFF.N has signed a deal to sell its microbial control unit to German specialty chemicals maker Lanxess LXSG.DE, with the deal being valued at $1.3 billion, the companies said.
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ab545704-c199-42bb-bb0a-3b1592c8792d
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716125.0
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2021-08-18 00:00:00 UTC
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Best Materials Sector Stocks To Buy Now? 4 Names To Know
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DD
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https://www.nasdaq.com/articles/best-materials-sector-stocks-to-buy-now-4-names-to-know-2021-08-18
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nan
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nan
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4 Top Material Sector Stocks To Watch Right Now
While things on the retail end of the economy take a breather, U.S. industrial production figures continue to rise. As a result, investors could be eyeing the top materials sector stocks in the stock market today. In detail, it was revealed in a recent Federal Reserve report that production at U.S. factories surged by a whopping 0.9% in July. This is well above consensus estimates of 0.5% and June’s decrease of 0.2%. In particular, manufacturing output nationwide jumped by 1.4% versus economist estimates of 0.6%.
Now, where does the materials sector come in might you ask? Well, for the most part, all of this would indicate that production efforts continue to gain momentum. Because of this, there would be a higher demand for materials involved in the manufacturing process. Even with July’s exceptional growth figures, the industrial production metric still sits below pre-pandemic levels.
With potentially more to grow, major players such as Sherwin-Williams (NYSE: SHW) and Linde (NYSE: LIN) could be in focus. Not to mention, there is also the factor of the $1 trillion infrastructure bill to consider. Should things go as planned, material companies in the infrastructure construction industry would also stand to gain. All things considered, could these materials sector stocks be top picks in the stock market now?
Best Materials Sector Stocks To Buy [Or Avoid] This Week
DuPont de Nemours Inc. (NYSE: DD)
3M Company (NYSE: MMM)
Honeywell International Inc. (NASDAQ: HON)
Cleveland-Cliffs Inc. (NYSE: CLF)
DuPont de Nemours Inc.
First on this list, we have DuPont, a world-class multi-industry specialty solutions company with a large global business aligned with growing, attractive end markets. In essence, the company is a global innovation leader with technology-based materials and solutions that help transform industries like transportation, electronics, construction, and health care. DD stock currently trades at $75.22 as of 11:22 a.m. ET. The company has been shifting its portfolio and investments toward higher growth and higher margin businesses in the past year. For instance, it completed the acquisition of Laird Performance Materials which strategically complements its electronics and industrial segments.
On August 3, 2021, the company reported strong second-quarter results. Firstly, net sales for the quarter were $4.1 billion, up by 26% year-over-year. DuPont said that it continues to enjoy continued positive momentum in almost all its key end markets, including automotive, semiconductor, and smartphones. Secondly, the company posted a net income of $487 million for the quarter or an adjusted earnings per share of $1.06. It also returned approximately $800 million of capital to shareholders during the quarter through share repurchases and dividends. All things considered, will you add DD stock to your portfolio?
Source: TD Ameritrade TOS
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The 3M Company
3M is a multinational conglomerate that operates in a wide number of industries. Namely, this would include the fields of industry, worker safety, and consumer goods. Impressively, it produces over 60,000 products under several of its brands. The company is known for its ultra-strong abrasives that keep processes running smoothly, to its futuristic materials that are used for today’s most challenging applications and environments. MMM stock currently trades at $197.34 as of 11:23 a.m. ET.
In late July, the company reported stellar second-quarter financials. To begin with, sales for the quarter were $8.9 billion, up by 24.7% year-over-year. On a geographic basis, the company enjoyed double-digit growth across all regions. The company also returned $1.4 billion to shareholders via dividends and gross share repurchases. 3M also reported a net income of $1.524 billion for the quarter. Also, the company raised its full-year 2021 outlook, where it expects an earnings per share of $9.70 to $10.10. With such a strong quarter, will you consider MMM stock as a top material sector stock to buy right now?
Source: TD Ameritrade TOS
[Read More] 4 Top E-Commerce Stocks To Consider Buying Right Now
Honeywell International Inc
Next up, we have Honeywell International, a multinational conglomerate with headquarters in North Carolina. The company primarily operates in four areas of business. Namely, they are aerospace, building technologies, performance materials and technologies, and safety and productivity solutions. For instance, HON stock currently trades at $230.80 as of 11:23 a.m. ET.
On July 23, 2021, the company announced that it had beat guidance and delivered an impressive second quarter. Honeywell says that it sees sales growth and margin expansion in all four of its segments, with orders increasing by over 20%. The company also reported an earnings per share of $2.04 for the quarter. “Building on our first-quarter momentum, we executed extremely well in the second quarter. Our results were driven by top-line growth and margin expansion in all four segments. Organic sales grew 15%, led by double-digit growth in Performance Materials and Technologies, Honeywell Building Technologies, and Safety and Productivity Solutions,” said Darius Adamczyk, chairman, and chief executive officer of Honeywell. All things considered, will you buy HON stock?
Source: TD Ameritrade TOS
[Read More] Best Stocks To Invest In 2021? 4 Dividend Stocks To Watch
Cleveland-Cliffs Inc.
Another name to consider in the materials sector now would be Cleveland-Cliffs (CLF). In brief, the Ohio-based company specializes in the mining, beneficiation, and pelletizing of iron ore. On top of that, CLF is also operating in the steelmaking business. In fact, it is the largest flat-rolled steel producer in North America. As it stands, CLF stock currently trades at $25.38 as of 11:23 a.m. ET. The company’s shares are now boasting gains of over 270% in the past year. Given the current market conditions, I could see the company’s offerings being in demand.
If we take a look at CLF’s latest quarterly earnings report, this would be apparent. Last month, the company posted stellar figures across the board in its second-quarter fiscal. For starters, CLF brought in a total revenue of $5.05 billion for the quarter, marking a massive 361% year-over-year surge. Over the same time, CLF also saw its net income and earnings per share skyrocket by 729% and 529% respectively. All in all, CEO Lourenco Goncalves cites the companies’ operational efficiency and flawless execution in ramping up production as key factors for this record quarter. With CLF kicking into high gear now, would CLF stock be a top buy for you?
Source: TD Ameritrade TOS
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Best Materials Sector Stocks To Buy [Or Avoid] This Week DuPont de Nemours Inc. (NYSE: DD) 3M Company (NYSE: MMM) Honeywell International Inc. (NASDAQ: HON) Cleveland-Cliffs Inc. (NYSE: CLF) DuPont de Nemours Inc. First on this list, we have DuPont, a world-class multi-industry specialty solutions company with a large global business aligned with growing, attractive end markets. DD stock currently trades at $75.22 as of 11:22 a.m. All things considered, will you add DD stock to your portfolio?
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Best Materials Sector Stocks To Buy [Or Avoid] This Week DuPont de Nemours Inc. (NYSE: DD) 3M Company (NYSE: MMM) Honeywell International Inc. (NASDAQ: HON) Cleveland-Cliffs Inc. (NYSE: CLF) DuPont de Nemours Inc. First on this list, we have DuPont, a world-class multi-industry specialty solutions company with a large global business aligned with growing, attractive end markets. DD stock currently trades at $75.22 as of 11:22 a.m. All things considered, will you add DD stock to your portfolio?
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Best Materials Sector Stocks To Buy [Or Avoid] This Week DuPont de Nemours Inc. (NYSE: DD) 3M Company (NYSE: MMM) Honeywell International Inc. (NASDAQ: HON) Cleveland-Cliffs Inc. (NYSE: CLF) DuPont de Nemours Inc. First on this list, we have DuPont, a world-class multi-industry specialty solutions company with a large global business aligned with growing, attractive end markets. DD stock currently trades at $75.22 as of 11:22 a.m. All things considered, will you add DD stock to your portfolio?
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Best Materials Sector Stocks To Buy [Or Avoid] This Week DuPont de Nemours Inc. (NYSE: DD) 3M Company (NYSE: MMM) Honeywell International Inc. (NASDAQ: HON) Cleveland-Cliffs Inc. (NYSE: CLF) DuPont de Nemours Inc. First on this list, we have DuPont, a world-class multi-industry specialty solutions company with a large global business aligned with growing, attractive end markets. DD stock currently trades at $75.22 as of 11:22 a.m. All things considered, will you add DD stock to your portfolio?
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8e3e6054-fbe7-482b-b83b-a9a4ad8bafe5
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716126.0
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2021-08-17 00:00:00 UTC
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DuPont (DD) Shares Cross Below 200 DMA
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DD
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https://www.nasdaq.com/articles/dupont-dd-shares-cross-below-200-dma-2021-08-17
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nan
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nan
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In trading on Tuesday, shares of DuPont (Symbol: DD) crossed below their 200 day moving average of $74.92, changing hands as low as $74.09 per share. DuPont shares are currently trading off about 2.2% 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 $53.4901 per share, with $87.27 as the 52 week high point — that compares with a last trade of $74.99. 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 »
The views and 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 $74.92, changing hands as low as $74.09 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 $53.4901 per share, with $87.27 as the 52 week high point — that compares with a last trade of $74.99. 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 » The views and 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 $74.92, changing hands as low as $74.09 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 $53.4901 per share, with $87.27 as the 52 week high point — that compares with a last trade of $74.99. 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 » The views and 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 $74.92, changing hands as low as $74.09 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 $53.4901 per share, with $87.27 as the 52 week high point — that compares with a last trade of $74.99. 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 » The views and 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 $74.92, changing hands as low as $74.09 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 $53.4901 per share, with $87.27 as the 52 week high point — that compares with a last trade of $74.99. 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 » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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40d0f009-853f-40d0-9974-5fcb7f474e2a
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716127.0
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2021-08-16 00:00:00 UTC
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IYM, DOW, NEM, DD: Large Outflows Detected at ETF
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DD
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https://www.nasdaq.com/articles/iym-dow-nem-dd%3A-large-outflows-detected-at-etf-2021-08-16
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares U.S. Basic Materials ETF (Symbol: IYM) where we have detected an approximate $68.0 million dollar outflow -- that's a 5.8% decrease week over week (from 8,600,000 to 8,100,000). Among the largest underlying components of IYM, in trading today Dow Inc (Symbol: DOW) is off about 1.2%, Newmont Corp (Symbol: NEM) is off about 0.1%, and DuPont (Symbol: DD) is lower by about 1%. For a complete list of holdings, visit the IYM Holdings page » The chart below shows the one year price performance of IYM, versus its 200 day moving average:
Looking at the chart above, IYM's low point in its 52 week range is $94.57 per share, with $141.81 as the 52 week high point — that compares with a last trade of $134.27. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of IYM, in trading today Dow Inc (Symbol: DOW) is off about 1.2%, Newmont Corp (Symbol: NEM) is off about 0.1%, and DuPont (Symbol: DD) is lower by about 1%. For a complete list of holdings, visit the IYM Holdings page » The chart below shows the one year price performance of IYM, versus its 200 day moving average: Looking at the chart above, IYM's low point in its 52 week range is $94.57 per share, with $141.81 as the 52 week high point — that compares with a last trade of $134.27. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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Among the largest underlying components of IYM, in trading today Dow Inc (Symbol: DOW) is off about 1.2%, Newmont Corp (Symbol: NEM) is off about 0.1%, and DuPont (Symbol: DD) is lower by about 1%. For a complete list of holdings, visit the IYM Holdings page » The chart below shows the one year price performance of IYM, versus its 200 day moving average: Looking at the chart above, IYM's low point in its 52 week range is $94.57 per share, with $141.81 as the 52 week high point — that compares with a last trade of $134.27. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed).
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Among the largest underlying components of IYM, in trading today Dow Inc (Symbol: DOW) is off about 1.2%, Newmont Corp (Symbol: NEM) is off about 0.1%, and DuPont (Symbol: DD) is lower by about 1%. For a complete list of holdings, visit the IYM Holdings page » The chart below shows the one year price performance of IYM, versus its 200 day moving average: Looking at the chart above, IYM's low point in its 52 week range is $94.57 per share, with $141.81 as the 52 week high point — that compares with a last trade of $134.27. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed).
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Among the largest underlying components of IYM, in trading today Dow Inc (Symbol: DOW) is off about 1.2%, Newmont Corp (Symbol: NEM) is off about 0.1%, and DuPont (Symbol: DD) is lower by about 1%. Basic Materials ETF (Symbol: IYM) where we have detected an approximate $68.0 million dollar outflow -- that's a 5.8% decrease week over week (from 8,600,000 to 8,100,000). For a complete list of holdings, visit the IYM Holdings page » The chart below shows the one year price performance of IYM, versus its 200 day moving average: Looking at the chart above, IYM's low point in its 52 week range is $94.57 per share, with $141.81 as the 52 week high point — that compares with a last trade of $134.27.
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984ef917-d97d-4d22-bf49-55985e3e61a9
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716128.0
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2021-08-12 00:00:00 UTC
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Interesting DD Put And Call Options For October 1st
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DD
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https://www.nasdaq.com/articles/interesting-dd-put-and-call-options-for-october-1st-2021-08-12
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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 1st expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new October 1st contracts and identified one put and one call contract of particular interest.
The put contract at the $73.00 strike price has a current bid of 30 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $73.00, but will also collect the premium, putting the cost basis of the shares at $72.70 (before broker commissions). To an investor already interested in purchasing shares of DD, that could represent an attractive alternative to paying $77.46/share today.
Because the $73.00 strike represents an approximate 6% 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 71%. 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 0.41% return on the cash commitment, or 3.00% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for DuPont, and highlighting in green where the $73.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $79.00 strike price has a current bid of 80 cents. If an investor was to purchase shares of DD stock at the current price level of $77.46/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $79.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 3.02% if the stock gets called away at the October 1st 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 $79.00 strike highlighted in red:
Considering the fact that the $79.00 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 55%. 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 1.03% boost of extra return to the investor, or 7.54% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 42%, while the implied volatility in the call contract example is 34%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $77.46) 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 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $79.00 strike highlighted in red: Considering the fact that the $79.00 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 October 1st expiration.
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The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 71%. Below is a chart showing DD's trailing twelve month trading history, with the $79.00 strike highlighted in red: Considering the fact that the $79.00 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 55%.
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Below is a chart showing DD's trailing twelve month trading history, with the $79.00 strike highlighted in red: Considering the fact that the $79.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Investors in DuPont (Symbol: DD) saw new options begin trading today, for the October 1st expiration.
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At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new October 1st contracts and identified one put and one call contract of particular interest. Below is a chart showing DD's trailing twelve month trading history, with the $79.00 strike highlighted in red: Considering the fact that the $79.00 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 October 1st expiration.
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84ea05c0-2515-4169-a209-560327c39336
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716129.0
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2021-08-11 00:00:00 UTC
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Shareholder advocacy group goes after 'environmental racism'
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DD
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https://www.nasdaq.com/articles/shareholder-advocacy-group-goes-after-environmental-racism-2021-08-11
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nan
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nan
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By Jessica DiNapoli
Aug 11 (Reuters) - A shareholder advocacy group that has successfully pushed for changes at U.S. conglomerates such as General Electric Co GE.N and American Express Co AXP.N said on Wednesday it would rate companies based on their involvement in "environmental racism," and pressure them for change.
The nonprofit, As You Sow, collected and analyzed data from S&P 500 companies showing what it says is the environmental impact of operations on communities of color. It said it scrutinized their products, environmental violations and fines and corporate actions.
The group will initiate conversations with companies that are the worst culprits on the list and file shareholder proposals at their annual meetings next year, Olivia Knight, the group's racial justice initiative manager, said in an interview.
"Climate change disproportionately affects people of color and nations around the world where people of color live," Knight said.
As an example, As You Sow cited Eastman Chemical CoEMN.N, which received a poor score from As You Sow because its subsidiary owns a plant in Louisiana where there is an elevated cancer risk for residents, who are largely Black and have a per-capita annual income of $15,000, about half the national average.
Eastman Chemical did not immediately return a request for comment.
In a statement published on Wednesday, As You Sow also named car parts retailer O'Reilly Automotive Inc ORLY.O and steel products manufacturer Nucor Corp NUE.N among the worst offenders on environmental racism in the S&P 500.
O'Reilly Automotive was given a low rating for having paid more than $5 million in environmental fines since 2015. The company disposed of hazardous waste at unsuitable landfills in California, according to As You Sow.
Nucor was among the worst offenders because of its adverse effects to communities of color, according to As You Sow. In 2018 the company paid $22.5 million to settle a racial discrimination lawsuit that claimed Nucor subjected Black workers to a hostile work environment, and it has also faced air and water quality violations.
Nucor and O'Reilly Automotive did not immediately return requests for comment.
As You Sow won 98% support from General Electric shareholders this year on a proposal calling for the company to issue a report on how it would reach net-zero greenhouse gas emissions by 2050.
A majority of American Express shareholders also backed As You Sow on its proposal to publish an annual report assessing the company's diversity and inclusion efforts.
(Reporting by Jessica DiNapoli in New York; Editing by Aurora Ellis)
((Jessica.DiNapoli@thomsonreuters.com; 646-223-4678;))
The views and 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 a statement published on Wednesday, As You Sow also named car parts retailer O'Reilly Automotive Inc ORLY.O and steel products manufacturer Nucor Corp NUE.N among the worst offenders on environmental racism in the S&P 500. In 2018 the company paid $22.5 million to settle a racial discrimination lawsuit that claimed Nucor subjected Black workers to a hostile work environment, and it has also faced air and water quality violations. As You Sow won 98% support from General Electric shareholders this year on a proposal calling for the company to issue a report on how it would reach net-zero greenhouse gas emissions by 2050.
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The group will initiate conversations with companies that are the worst culprits on the list and file shareholder proposals at their annual meetings next year, Olivia Knight, the group's racial justice initiative manager, said in an interview. In a statement published on Wednesday, As You Sow also named car parts retailer O'Reilly Automotive Inc ORLY.O and steel products manufacturer Nucor Corp NUE.N among the worst offenders on environmental racism in the S&P 500. Nucor and O'Reilly Automotive did not immediately return requests for comment.
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By Jessica DiNapoli Aug 11 (Reuters) - A shareholder advocacy group that has successfully pushed for changes at U.S. conglomerates such as General Electric Co GE.N and American Express Co AXP.N said on Wednesday it would rate companies based on their involvement in "environmental racism," and pressure them for change. As an example, As You Sow cited Eastman Chemical CoEMN.N, which received a poor score from As You Sow because its subsidiary owns a plant in Louisiana where there is an elevated cancer risk for residents, who are largely Black and have a per-capita annual income of $15,000, about half the national average. In a statement published on Wednesday, As You Sow also named car parts retailer O'Reilly Automotive Inc ORLY.O and steel products manufacturer Nucor Corp NUE.N among the worst offenders on environmental racism in the S&P 500.
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By Jessica DiNapoli Aug 11 (Reuters) - A shareholder advocacy group that has successfully pushed for changes at U.S. conglomerates such as General Electric Co GE.N and American Express Co AXP.N said on Wednesday it would rate companies based on their involvement in "environmental racism," and pressure them for change. O'Reilly Automotive was given a low rating for having paid more than $5 million in environmental fines since 2015. Nucor was among the worst offenders because of its adverse effects to communities of color, according to As You Sow.
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dc325473-1161-4156-ad1c-623e988d8f5e
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716130.0
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2021-08-04 00:00:00 UTC
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Why Cornerstone Building Brands Stock Is Down Today
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DD
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https://www.nasdaq.com/articles/why-cornerstone-building-brands-stock-is-down-today-2021-08-04
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nan
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nan
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What happened
Cornerstone Building Products (NYSE: CNR) delivered a solid quarter, easily beating consensus estimates. The market, however, appears unimpressed, with shares of Cornerstone down more than 12% as of 1 p.m. EDT Wednesday.
So what
Cornerstone, a maker of exterior building products including vinyl windows, stone veneer, and metal panels for residential and non-residential buildings, earned $0.67 per share in the second quarter on revenue of $1.4 billion. The sales number hit analyst expectations, but the profit number was more than double the $0.31 per-share consensus.
Image source: Getty Images.
Net sales were up 29% year over year and 8% above the second quarter of 2019 as Cornerstone benefited from strong housing demand that is prompting homebuilders to boost building levels.
But it is also a period of transition for Cornerstone. The company has agreements in place to sell its insulated metal panels business to a unit of Nucor and its roll-up sheet doors business to Janus International Group for combined consideration of $1.2 billion in cash. It is also in the process of acquiring Cascade Windows for $245 million. And on Wednesday morning, Cornerstone announced CEO James S. Metcalf would retire. Metcalf will continue as executive chairman through March 2022.
Now what
The new CEO, Rose Lee, appears to be well qualified. She has a long career in manufacturing, including with DuPont de Nemours, and with Metcalf staying on for a year as executive chairman it should be an orderly transition. Cornerstone also forecast year-over-year growth in the third quarter, saying it expects sales of between $1.38 billion and $1.43 billion compared to $1.19 billion, after accounting for acquisitions and divestitures, in 2020.
But Cornerstone shares are up more than 130% over the past year even with Wednesday's drop, and investors seem to be of the opinion that the last few months are about as good as it is going to get this cycle for the homebuilding and construction materials sectors. Following earnings, investors appear to be moving on from the stock.
10 stocks we like better than Cornerstone Building Brands
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Lou Whiteman owns shares of Nucor. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Cornerstone Building Products (NYSE: CNR) delivered a solid quarter, easily beating consensus estimates. She has a long career in manufacturing, including with DuPont de Nemours, and with Metcalf staying on for a year as executive chairman it should be an orderly transition. But Cornerstone shares are up more than 130% over the past year even with Wednesday's drop, and investors seem to be of the opinion that the last few months are about as good as it is going to get this cycle for the homebuilding and construction materials sectors.
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So what Cornerstone, a maker of exterior building products including vinyl windows, stone veneer, and metal panels for residential and non-residential buildings, earned $0.67 per share in the second quarter on revenue of $1.4 billion. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. * They just revealed what they believe are the ten best stocks for investors to buy right now... and Cornerstone Building Brands wasn't one of them!
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So what Cornerstone, a maker of exterior building products including vinyl windows, stone veneer, and metal panels for residential and non-residential buildings, earned $0.67 per share in the second quarter on revenue of $1.4 billion. 10 stocks we like better than Cornerstone Building Brands When our award-winning analyst team has a stock tip, it can pay to listen. * They just revealed what they believe are the ten best stocks for investors to buy right now... and Cornerstone Building Brands wasn't one of them!
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So what Cornerstone, a maker of exterior building products including vinyl windows, stone veneer, and metal panels for residential and non-residential buildings, earned $0.67 per share in the second quarter on revenue of $1.4 billion. But Cornerstone shares are up more than 130% over the past year even with Wednesday's drop, and investors seem to be of the opinion that the last few months are about as good as it is going to get this cycle for the homebuilding and construction materials sectors. That's right -- they think these 10 stocks are even better buys.
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678f9cde-0747-4674-856b-770226cda68e
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716131.0
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2021-08-03 00:00:00 UTC
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Philippines' SEC approves Megaworld, Robinsons REIT offerings
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DD
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https://www.nasdaq.com/articles/philippines-sec-approves-megaworld-robinsons-reit-offerings-2021-08-04
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MANILA, Aug 4 (Reuters) - The Philippines' Securities and Exchange Commission said on Wednesday it has cleared the way for the initial public offerings of the real estate investment trust (REIT) units of Megaworld Corp MEG.PS and Robinsons Land Corp RLC.PS.
Megaworld's MREIT Inc is seeking to raise up to 27.3 billion pesos ($548.4 million), while Robinsons' RL Commercial REIT plans to offer shares worth up to 26.7 billion pesos, in IPOs set to be launched later this month.
The announcement comes as the Southeast Asian country has seen a marked increase in COVID-19 infections in recent days, and is again tightening mobility restrictions in many areas including the capital Manila.
Rising coronavirus cases and corresponding market volatility prompted food and beverages firm Del Monte Pacific DMPL.SI to delay the IPO of its Philippine unit.
The Philippine Stock Exchange .PSI has lost nearly 8% so far this year and dropped more than 4% in the current quarter.
A clutch of Philippine firms, including newly launched REITs, and other large planned issues, could make the country Southeast Asia's biggest IPO market this year as companies aim to raise funds ahead of next year's national elections.
The REIT listings of Megaworld and Robinsons are set to follow the market debut of units of Ayala Land Inc ALI.PS, DoubleDragon Properties Corp DD.PS, and Filinvest Land Inc FLI.PS.
Megaworld's REIT will offer up to 1.078 billion shares at up to 22 pesos per share, with an overallotment option of up to 161.7 million shares. The IPO will run from Aug. 23 to 27, with listing on Sept. 6, the SEC said in a statement.
Robinsons' REIT offering of up to 3.3 billion shares at up to 7.31 pesos per share, with an overallotment option of up to 305.1 million shares, will run from Aug. 31 to Sept. 8, and list on Sept. 20.
(Reporting by Enrico Dela Cruz and Neil Jerome Morales; additional reporting by Anshuman Daga in Singapore Editing by Ed Davies)
((enrico.delacruz@tr.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 REIT listings of Megaworld and Robinsons are set to follow the market debut of units of Ayala Land Inc ALI.PS, DoubleDragon Properties Corp DD.PS, and Filinvest Land Inc FLI.PS. (Reporting by Enrico Dela Cruz and Neil Jerome Morales; additional reporting by Anshuman Daga in Singapore Editing by Ed Davies) ((enrico.delacruz@tr.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 announcement comes as the Southeast Asian country has seen a marked increase in COVID-19 infections in recent days, and is again tightening mobility restrictions in many areas including the capital Manila.
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The REIT listings of Megaworld and Robinsons are set to follow the market debut of units of Ayala Land Inc ALI.PS, DoubleDragon Properties Corp DD.PS, and Filinvest Land Inc FLI.PS. (Reporting by Enrico Dela Cruz and Neil Jerome Morales; additional reporting by Anshuman Daga in Singapore Editing by Ed Davies) ((enrico.delacruz@tr.com)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. MANILA, Aug 4 (Reuters) - The Philippines' Securities and Exchange Commission said on Wednesday it has cleared the way for the initial public offerings of the real estate investment trust (REIT) units of Megaworld Corp MEG.PS and Robinsons Land Corp RLC.PS.
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The REIT listings of Megaworld and Robinsons are set to follow the market debut of units of Ayala Land Inc ALI.PS, DoubleDragon Properties Corp DD.PS, and Filinvest Land Inc FLI.PS. (Reporting by Enrico Dela Cruz and Neil Jerome Morales; additional reporting by Anshuman Daga in Singapore Editing by Ed Davies) ((enrico.delacruz@tr.com)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Megaworld's MREIT Inc is seeking to raise up to 27.3 billion pesos ($548.4 million), while Robinsons' RL Commercial REIT plans to offer shares worth up to 26.7 billion pesos, in IPOs set to be launched later this month.
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The REIT listings of Megaworld and Robinsons are set to follow the market debut of units of Ayala Land Inc ALI.PS, DoubleDragon Properties Corp DD.PS, and Filinvest Land Inc FLI.PS. (Reporting by Enrico Dela Cruz and Neil Jerome Morales; additional reporting by Anshuman Daga in Singapore Editing by Ed Davies) ((enrico.delacruz@tr.com)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Megaworld's MREIT Inc is seeking to raise up to 27.3 billion pesos ($548.4 million), while Robinsons' RL Commercial REIT plans to offer shares worth up to 26.7 billion pesos, in IPOs set to be launched later this month.
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d63e604b-8bb4-42b3-b3f8-ca65af64ef37
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716132.0
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2021-08-03 00:00:00 UTC
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US STOCKS-S&P closes at record high as Apple, healthcare stocks help shrug off Delta worries
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DD
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https://www.nasdaq.com/articles/us-stocks-sp-closes-at-record-high-as-apple-healthcare-stocks-help-shrug-off-delta-worries
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By Echo Wang
“The earnings reports continue to come in very strong or stronger than people expect, which leads me to believe that people are underestimating the strength of recovery”, said Jamie Cox, Managing Partner at Harris Financial Group in Richmond, Virginia.
(Reporting by Echo Wang in New York; additional reporting by Sagarika Jaisinghani, Sruthi Shankar and Shashank Nayar in Bengaluru; Editing by Arun Koyyur and Dan Grebler)
((Echo.wang@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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(Reporting by Echo Wang in New York; additional reporting by Sagarika Jaisinghani, Sruthi Shankar and Shashank Nayar in Bengaluru; Editing by Arun Koyyur and Dan Grebler) ((Echo.wang@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. By Echo Wang “The earnings reports continue to come in very strong or stronger than people expect, which leads me to believe that people are underestimating the strength of recovery”, said Jamie Cox, Managing Partner at Harris Financial Group in Richmond, Virginia.
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(Reporting by Echo Wang in New York; additional reporting by Sagarika Jaisinghani, Sruthi Shankar and Shashank Nayar in Bengaluru; Editing by Arun Koyyur and Dan Grebler) ((Echo.wang@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. By Echo Wang “The earnings reports continue to come in very strong or stronger than people expect, which leads me to believe that people are underestimating the strength of recovery”, said Jamie Cox, Managing Partner at Harris Financial Group in Richmond, Virginia.
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(Reporting by Echo Wang in New York; additional reporting by Sagarika Jaisinghani, Sruthi Shankar and Shashank Nayar in Bengaluru; Editing by Arun Koyyur and Dan Grebler) ((Echo.wang@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. By Echo Wang “The earnings reports continue to come in very strong or stronger than people expect, which leads me to believe that people are underestimating the strength of recovery”, said Jamie Cox, Managing Partner at Harris Financial Group in Richmond, Virginia.
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(Reporting by Echo Wang in New York; additional reporting by Sagarika Jaisinghani, Sruthi Shankar and Shashank Nayar in Bengaluru; Editing by Arun Koyyur and Dan Grebler) ((Echo.wang@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. By Echo Wang “The earnings reports continue to come in very strong or stronger than people expect, which leads me to believe that people are underestimating the strength of recovery”, said Jamie Cox, Managing Partner at Harris Financial Group in Richmond, Virginia.
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10ebefec-f391-4f1b-a306-113f27f94907
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716133.0
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2021-08-03 00:00:00 UTC
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DuPont (DD) Q2 2021 Earnings Call Transcript
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DD
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https://www.nasdaq.com/articles/dupont-dd-q2-2021-earnings-call-transcript-2021-08-03
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Image source: The Motley Fool.
DuPont (NYSE: DD)
Q2 2021 Earnings Call
Aug 03, 2021, 8:00 a.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Good day, and thank you for standing by. Welcome to DuPont's second-quarter 2021earnings call [Operator instructions] I would now like to hand the conference over to your first speaker today, Leland Weaver, vice president of investor relations. You may begin.
Leland Weaver -- Vice President, Investor Relations
Good morning, everyone. Thank you for joining us for DuPont's second-quarter 2021earnings conference call We are making this call available to investors and media via webcast. We have prepared slides to supplement our comments during this conference call.
These slides are posted on the investor relations section of DuPont's website and through the link to our webcast. Joining me on the call today are Ed Breen, chief executive officer; Lori Koch, our chief financial officer; and Jon Kemp, president of our electronics and industrial segment. Please read the forward-looking statement disclaimer contained in the slides. During our call, we will make forward-looking statements regarding our expectations or predictions about the future.
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Because these statements are based on current assumptions and factors that involve risk and uncertainty, our actual performance and results may differ materially from our forward-looking statements. Our 2020 Form 10-K, as updated by our current and periodic reports, includes detailed discussion of principal risk and uncertainties which may cause such differences. Unless otherwise specified, all historical financial measures presented today exclude significant items. We will also refer to other non-GAAP measures.
A reconciliation to the most directly comparable GAAP financial measure is included in our press release and posted to the investor page of our website. I'll now turn the call over to Ed.
Ed Breen -- Chief Executive Officer
Thanks, Leland. Good morning, everyone and thank you for joining us. I will provide comments on another overall strong quarter, including continued advancement of our strategic priorities as a premier multi-industrial company aimed at growth and creating value for our shareholders. But first, let me acknowledge the continued determination of our teams as we navigate through unprecedented circumstances of the pandemic.
As a result of the principles and protocols that we adopted over the last year, we continue to operate safely and productively on site and remotely. We have encouraged all employees to get vaccinated, and where possible, we are working with local governments to facilitate access, including on-site vaccinations at some locations. Our Wilmington- based office locations have fully reopened, and I have to say it is great to be back in the office with our teams. Starting on Slide 2.
In line with our philosophy that consistent operating performance is a key factor in creating shareholder value, I am pleased to note that this morning, we announced another strong quarter with financial results above expectations. Lori will take you through the specifics but in summary, broad-based organic growth was driven by continued strength in our key end markets, including ongoing recovery in those most impacted by the pandemic. Despite a challenging production environment with escalating raw material costs and continuous supply chain and logistics constraints, strong operating discipline and quick pricing actions resulted in about 460 basis points of margin expansion versus the year-ago period. With strong order trends continuing and confidence in our teams' ability to continue to navigate through raw material and supply chain challenges, we are raising our full-year guidance for net sales, operating EBITDA and adjusted EPS.
I will provide more details on our updated guidance shortly. In addition to our financial results, we continue to execute on our balanced approach to capital allocation during the quarter. In May, we further delevered our balance sheet by redeeming $2 billion of bonds, thereby reducing our gross financial debt to $10.6 billion at the end of the quarter. Since the end of last year, we have paid down a total of $5 billion of debt and do not have another debt maturity until the fourth quarter of 2023, which further solidifies our sound liquidity position.
We also returned approximately $800 million of capital to shareholders during the second quarter through share repurchases and dividends. During the second quarter, we purchased a total of $640 million in shares, which includes completion of our previous share repurchase program and the start of repurchases under our new authorization announced last quarter, which expires on June 30, 2022. Through the first 6 months of the year, we repurchased approximately $1.1 billion in shares and plan to be opportunistic with our remaining authorization as we move throughout the year. And in July, we repurchased an additional $125 million of shares.
With respect to dividends, we returned about $160 million of cash to shareholders during the quarter. As we previously mentioned, we intend to work with the board to increase our dividend annually as we grow earnings. Before I close, I'm pleased to note that in late June, we closed on the previously announced divestiture of our Solamet business for approximately $190 million. And on July 1, we completed the acquisition of Laird performance materials utilizing cash on hand.
The Laird acquisition advances DuPont's strategy of growing as a global innovation leader and strengthens our leadership position in advanced electronic materials. Joining us today is the president of our global E&I segment, Jon Kemp. I am excited to have Jon on the call today, and I'll now turn it over to him to provide further detail on how this acquisition complements our interconnect solutions business within E&I.
Jon Kemp -- President of our Electronics and Industrial Segment
Thanks, Ed. It's a pleasure to be on today's call and to share more information about the acquisition of Laird performance materials. It's an exciting transaction for DuPont that significantly advances our position in the electronics industry and accelerates the transformation of our interconnect solutions business into a total solutions provider. We've been following Laird for several years and have admired their capabilities as a leading provider of electromagnetic shielding and thermal management solutions and are excited to have added their capabilities and history of growth to our portfolio.
As a reminder, Laird delivered $465 million of revenue with approximately 30% EBITDA margin in 2020. E&I and Laird are both recognized for innovation, quality and reliability and have strong relationships across the electronics industry. This combination brings together DuPont's premier applied material science expertise with Laird's industry-leading application engineering capabilities. It also adds more content on many of the devices that we're already in.
We have already begun the process of integrating Laird into our existing interconnect solutions business, providing opportunities to further optimize business structure, functional support and our global site network. We expect $60 million in run rate cost synergies by the end of year 3 with approximately 60% realized in the first 18 months. We expect to achieve cost synergies through a mix of G&A, procurement and site consolidation initiatives. On the next slide, I'll share some of the key benefits of this transaction and describe how the combination enhances DuPont's position as a leading electronic materials provider.
The acquisition of Laird expands our position as an essential partner of choice for major OEMs. Laird serves a broad set of overlapping and complementary end markets across consumer electronics, telecommunications, automotive and other industrials with a similar geographic representation to the rest of the interconnect solutions business with a particularly strong presence in Asia. The second way it enhances our position is through innovation. This acquisition strategically aligns us to critical needs across thermal management, signal integrity, power management, miniaturization and high reliability.
And it enables us to have early engagement with OEMs in both system design and material specification, creating both greater product differentiation and higher margins. The next benefit of the acquisition is that it broadens our portfolio of solutions. With Laird's unique multifunctional capabilities, we will leverage an expanded customer base, broad product portfolio, global scale and deep technical expertise to increase speed to market, create new efficiencies in the development of integrated and multifunctional solutions and provide high-value next-generation products that will deliver additional growth in the next several years. We believe customers will see immediate benefits as the combined E&I organization engages across value chains to address the increasingly complex challenges in the industry.
Our combined organization will advance our leadership to help customers accelerate solutions necessary for the adoption of high-performance computing, artificial intelligence, 5G communications, smart and autonomous vehicles and the Internet of Things. We will be well positioned to capture growth in these key secular growth areas. In addition, we expect revenue synergies from cross-selling into complementary accounts and channels, new and faster product development for multifunctional solutions and deeper design and co-development partnerships with OEMs. With that, I'll turn it over to Lori to provide details on our second-quarter financial performance.
Lori Koch -- Chief Financial Officer
Thanks, Jon and good morning, everyone. I'll cover our second-quarter financial performance, beginning on Slide 5. Our results for the quarter reflect the diversity and strength of our portfolio and our teams' continued ability to execute in the face of escalating raw material costs and global supply chain and logistics headwinds. Net sales of $4.1 billion were up 26% versus second quarter of 2020, up 23% on an organic basis.
The organic sales growth resulted from a 20% increase in volume and a 3% increase in price. Currency provided a 4% tailwind in the quarter, which was slightly offset by a 1% headwind as a result of non-core business divestitures in the prior year. Overall sales growth was broad-based with double-digit growth on an organic basis in all 3 reporting segments and across all regions. The most notable increase versus the year-ago period was in our M&M segment, reflecting the sizable change in the global automotive market versus the prior year and disciplined pricing actions.
I will provide additional color on our segment top-line results on the next slide. From an earnings perspective, we delivered operating EBITDA of $1.06 billion and adjusted EPS of $1.06 per share, up 53% and about 240%, respectively, versus the year-ago period. The earnings improvement resulted from volume gains most notably reflecting ongoing recovery in key end markets adversely impacted by the pandemic and the absence of approximately $150 million in charges associated with temporary idling certain facilities, partially offset by the absence of a $64 million gain associated with a joint venture that has since been divested. Strong operating EBITDA leverage drove operating EBITDA margin expansion of 460 basis points.
Incremental margins for the quarter were about 43%. Given the unique nature of 2020 and the discrete items that impacted our operating results in the prior year, it's important to evaluate our year-over-year operating performance for our core results on an underlying basis. Specifically, operating EBITDA for our core results during the quarter was up about 40% versus last year after excluding the impact of the $150 million in idle mills incurred in the prior year, with about 240 basis points of margin expansion and operating leverage of one and a half times. Similarly, I continue to track our growth versus 2019 given the significant impact that the pandemic had in key end markets last year.
In comparing our current second-quarter results to a more normalized performance before the pandemic, all reported sales in the quarter were up 6% versus the second quarter of 2019 and up 10% versus that same period for our core sales. Operating EBITDA for our core results during the quarter was up 15% versus second quarter of 2019 or one and a half times leverage. From a segment perspective, E&I delivered operating EBITDA margin of 32%, with 190 basis points of expansion driven by broad-based volume gains. M&M delivered significant operating EBITDA improvement, driven by an overall recovery in automotive markets and the absence of approximately $130 million in charges associated with temporarily idling polymer capacity in the year-ago period.
Operating EBITDA margin for the quarter was 23%, reflecting volume growth and net pricing gains resulting from actions taken ahead of escalating raw material costs. In W&P, operating EBITDA increased 4% versus the year-ago period. Operating EBITDA margin and leverage were adversely impacted primarily by 2 key drivers. First, given contractual commitments with customers, local selling price increases lagged the headwind from raw materials and supply chain cost escalation.
We expect this to resolve in the second half as price increases start to kick in. Second, production volumes for Tyvek protective garments were at peak levels in the year-ago period given the company's response to the pandemic. This enabled us to minimize manufacturing changeovers to other Tyvek grades, resulting in an overall increase to production rates. As Tyvek output shifted from protective garments to multiple other applications, the resulting increase in expected changeovers in the current quarter decreased production rates, leading to lower volumes.
For the quarter, cash flow from operating activities and free cash flow were $440 million and $224 million, respectively. While these amounts have improved since the first quarter, cash flow and conversion are not where we need them to be. The headwinds we faced are related to increased working capital levels and capital spending in excess of D&A as we advance critical capacity expansion projects. With respect to working capital, we saw an increase in inventories due to our efforts to create a more stable supply chain for our customers given the strong demand environment and numerous raw material and logistics constraints.
In the second half of the year, we expect higher cash flow and conversion rate as the global supply chain and logistic environment stabilizes. Slide 6 provides more detail on the year-over-year changes in net sales for the quarter. Starting with E&I. Organic sales were up 17% on 17% volume growth with double-digit volume growth increases in all regions.
Volume gains were led by mid-20s percent growth in Industrial Solutions, reflecting broad-based demand strength across most product lines but most notably for OLED displays for new phones and television launches, medical silicones in healthcare and Kalrez seals within electronics. Interconnect solutions also delivered organic growth over 20% with high-teens volume growth. The volume growth was driven by higher material content in premium next-generation smartphones, partially resulting from timing shifts as select OEM demand shifted from the second half this year, along with some share gains for printed circuit board. Semiconductor technologies continues to benefit from strong electronics demand and advancements in key growth areas such as 5G, high-performance computing and electric vehicles.
During the quarter, new technology ramps in advanced nodes within logic and foundry and higher demand for memory in servers and data centers drove double-digit volume growth. Continued recovery of key end markets within W&P drove organic growth of 11%, driven by volume increases. Sales gains were led by recovery in construction with Shelter Solutions reporting organic sales growth of more than 30%, which reflects continued strength in North American residential construction for products like Styrofoam and Tyvek house wrap and in retail channels for do-it-yourself applications. Commercial construction recorded higher sales in the quarter for Corian surfaces as global demand continues to improve.
Within safety solutions, organic sales were up high single digits, reflecting strong volume improvement for aramid fibers in industrial, oil and gas and automotive end markets. As previously noted, lower production volumes for Tyvek reduced overall safety volume. In water solutions, broad-based demand for water technologies remained strong. However, logistics challenges primarily in our Ultrafiltration business impacted our ability to supply, resulting in a low single-digit volume decline versus the year-ago period.
We expect organic sales growth for the year for water solutions to be in the mid to high single digits. The most notable increase in top-line improvement was in our M&M segment, which had organic sales growth of over 50%. The improvement was driven by the continuing recovery of the global automotive market, which represents about 60% of the segment from an end market perspective and helped deliver strong volume growth across all 3 lines of business. Local pricing gains of 13% also contributed to organic sales growth, reflecting our actions taken to offset raw material costs and higher metals pricing in the advanced solutions business.
Excluding metals pricing, local price was up about 8%. Within engineering polymers, global supply constraints of key raw materials continues to improve but are expected to remain tight through the end of the year. We continue to expect to recover lost volume related to these disruptions as the raw material constraints are alleviated. Turning to Slide 7.
I mentioned earlier that adjusted EPS of $1.06 per share was up over 240% from $0.31 per share in the year-ago period. Higher segment earnings resulted in a net benefit totaling over $0.40. This net benefit resulted mainly from higher volumes and the absence of idle mills recorded in the prior year, offset slightly by portfolio changes, which includes the absence of the gain recorded in the prior year in corporate. Also providing a significant benefit to adjusted EPS versus last year was an approximate $0.30 per share benefit due to a lower share count.
Benefit from lower interest expense in the current quarter as a result of our recent delevering actions was mostly offset by a higher base tax rate compared to last year. Our base tax rate for the quarter of 19.8% was higher than the year-ago period due to the absence of certain discrete gains benefiting the prior year rate. For full-year 2021, we currently expect our base tax rate to be closer to the lower end of our expected range of 21% to 22%. With that, I'll now turn it back over to Ed.
Ed Breen -- Chief Executive Officer
Thanks, Lori. Let me discuss our financial outlook on Slide 8, which includes our view of the third quarter and full-year 2021. We are raising our full-year guidance range for net sales, operating EBITDA and adjusted EPS. Along with the underlying improvement that we are expecting compared to our previous estimates, our revised guide also reflects the acquisition of Laird and the divestiture of the Solamet business.
In addition, this morning, we announced the change in how we will treat intangible amortization expense beginning in the third quarter for purposes of determining adjusted EPS. At the midpoint of the range provided, we now expect net sales for the year to be about $16.5 billion and operating EBITDA to be about $4.235 billion. Also, we now expect adjusted EPS to be $4.27 per share at the midpoint of the range provided, which reflects about $0.23 underlying raise to our original estimate, a $0.10 benefit from the portfolio changes and about $0.27 full-year benefit related to the amortization reporting change. For the third-quarter 2021, we expect net sales to be about $4.2 billion, operating EBITDA to be about $1.07 billion and adjusted EPS to be about $1.12 per share, all at the midpoints of the ranges provided.
Before opening up for Q&A, I'd like to provide some highlights on our commitment to ESG and what we are doing to sustainably grow and operate our businesses for the long term. In June, we published our 2021 sustainability report, which reflects our first full-year progress against the 2030 goals that we set in 2019. Our report highlights more than 50 examples of how our teams are addressing the environmental and social needs of our customers and communities. Some of the highlights from this report are reflected on Slide 9.
ESG is fundamental to our core long-term strategy, which is why the board of directors and I made the decision to incorporate the progress on our sustainability goals into our incentive compensation program beginning this year. As an innovation leader, we believe our biggest lever to affect economic, environmental and social progress is through working directly with our customers. Today, our R&D investment is focused on the intersection of key market trends and the needs of sustainable development. One example of how we are doing this is in the area of addressing the global need for clean water.
Our water solutions business recently launched its B-Free technology. This pretreatment solution enables a significant improvement in the reliability of reverse osmosis desalination plants. Another example is within advanced mobility. The broad adoption of electric vehicles is fundamental in addressing climate change.
Through leveraging our broad portfolio of expertise in battery assembly and thermal management for electric vehicles, our DuPont M&M collaborated team with General Motors to develop an advanced adhesive solution for use in electric vehicles. In June, as a result of our close collaboration, GM recognized the DuPont team with the GM Supplier of the Year award. The power of customer partnerships to drive sustainability is a key element to our long-term growth strategy, and I am confident that we will continue to deliver these types of wins in the future. With that, let me turn it to Leland to open the Q&A.
Leland Weaver -- Vice President, Investor Relations
Thank you, Ed. Before we move to the Q&A portion of our call, I would like to remind you that our forward-looking statements apply to both our prepared remarks and the following Q&A. We will allow for one question and one follow up question per person. Operator, please provide the Q&A instructions.
Questions & Answers:
Operator
[Operator instructions]
Leland Weaver -- Vice President, Investor Relations
Operator, do we have any questions?
Operator
Yup. First question comes from the line of John Walsh with Credit Suisse. Your line is open.
John Walsh -- Credit Suisse -- Analyst
Hi. Good morning, everyone and thanks for taking the questions.
Ed Breen -- Chief Executive Officer
Hi, John.
Lori Koch -- Chief Financial Officer
Hi, John.
John Walsh -- Credit Suisse -- Analyst
Maybe just -- first question is around your gross profit margin improvement in the quarter. I know there's some moving pieces there with the M&M idling, but by my calculation, you're up almost -- still almost 200 basis points year over year. So just curious how much of that you think is sustainable. Maybe what's driven by some of your longer-term programs versus what might have been benefit from the year-ago comp or something else there to call out?
Lori Koch -- Chief Financial Officer
Yes. Our margins were around 36% in the second quarter. If you look to the back half and the guidance that we provided, we expect them to remain around that range. And so if you isolate all of the one-timers out of 2020, we were around 35%.
We saw about 100 basis points of improvement underlying. We've mentioned in the past that we see a few hundred basis points of improvement in gross margin, getting closer to that 40% range over the next few years. So we continue to execute against that commitment. Part of it, as you had mentioned, is just from -- with this year's improvement is just from the stronger volume, resulting with higher yield for our facilities and higher results.
But we're also driving improvement in reliability, enabling some digital tools across the organization and higher throughput throughout our organization with the one exception, as we had mentioned, within our Tyvek operation. So we did see gross margin deceleration there really just a result of the fact that last year, we were able to run only Tyvek medical grades in order to be able to meet the pandemic response. And this year, as that demand waned, we returned to other grades of Tyvek, resulting in more changeovers and therefore, some yield and volume hits. But overall, we're on track with our commitments to get closer to that 40% range here over the next couple of years.
John Walsh -- Credit Suisse -- Analyst
Great. And then maybe just as a follow-up, I was curious if you could be a little bit more explicit with your views on kind of the timing of smartphone demand and shipments in the back half. One of your competitor is expecting to see a decline there. I was just curious if you could provide a little bit more color there.
Ed Breen -- Chief Executive Officer
Yeah. Since we have Jon with us, we'll let Jon take that one.
Jon Kemp -- President of our Electronics and Industrial Segment
Yeah. John, good question. So in the first half of the year, we definitely saw some acceleration of orders from smartphone customers really as a result of a couple of factors. There was a late timing to device launches in the back half of last year.
Strong demand moved some of those orders into the first part of this year. And then you had a lot of folks just trying to secure supply reliability in the face of some of the raw materials and logistics challenges. So in general, we think smartphones are going to grow about 10% over the course of the year, not quite as steep as seasonal curve of maybe what we've seen in the last couple of years. So the curve has flattened, but general demand continues to be strong.
Ed Breen -- Chief Executive Officer
Jon, you might want to mention for the group this -- because this is part of ICS, kind of the mix of ICS because it's not all smartphone business.
Jon Kemp -- President of our Electronics and Industrial Segment
Yeah. Sure, Ed. The interconnect solutions business is about 25% driven by smartphone demand. About 30% of the demand is other consumer electronics, whether that's laptops, computers, tablets and smart devices.
About 20% is automotive, 20% broad industrial demand and then the rest in telecommunications.
John Walsh -- Credit Suisse -- Analyst
Great. Appreciate the color and I'll pass the baton.
Ed Breen -- Chief Executive Officer
Thanks, John.
Lori Koch -- Chief Financial Officer
Thanks, John.
Operator
Next question, we have Jeff Sprague with Vertical Research. Your line is open.
Jeff Sprague -- Vertical Research -- Analyst
Hey, thanks. Good morning, everyone.
Ed Breen -- Chief Executive Officer
Hey, Jeff.
Lori Koch -- Chief Financial Officer
Hey, Jeff.
Jeff Sprague -- Vertical Research -- Analyst
Hey, good morning. Ed or Lori, could you just elaborate a little bit more on what you're thinking on cash flow, how the working capital might kind of unwind over the balance of the year here? And could you give us a range of what you expect actual free cash flow to be?
Ed Breen -- Chief Executive Officer
Yeah. Jeff, look, we purposely have built up some inventory. So obviously, look, our receivables are up with sales. We're very good on payables.
We purposely kind of took a turn here to build some inventory. By the way, it's really in 3 categories: semifinished, raw and a little bit of finished goods inventories. You'll see when we come out with our Q. And it's mostly in the M&M business.
And probably on the raw side, we've taken in inventory. And in many cases, we're waiting for glass fibers to do our compounding and finish it, but we wanted the supply in-house just because of all the challenges out there in the supply chain. So we purposely have allowed that to build some. All the inventory, by the way, is good, and we'll ship that out.
So our free cash flow conversion in the first half is not what we would normally run as a company obviously. We will clearly improve fairly significantly in the second half of the year. And I think, Jeff, we'll give you a little more guidance when we get to the third quarter on where we think we'll land for the year. But we definitely took a little bit different tack to kind of be able to satisfy our customer base better in this kind of challenging environment.
Lori Koch -- Chief Financial Officer
Yeah. I think one more point to note on the headwinds too is the capex versus D&A. So we're forecasting around $900 million in capex. That compares to roughly $650 million of depreciation.
So we're advancing select capacity, high-return investments. We'll wrap up the Kapton K4 investment in Circleville this year. And we continue to advance the Tyvek Line 8 expansion in Luxembourg, which are causing us to be a little higher than depreciation as we advance those initiatives. But we still will have cash.
We'll continue on the buyback path in the second half. We've noted on the call that we did $125 million in July. We'll be getting back in the market here shortly and continue to execute against that open $1.5 billion plan.
Jeff Sprague -- Vertical Research -- Analyst
Great. Thanks for that color. And then, I guess, maybe just the natural follow-on to that then. Obviously, all the puts and takes going on this year, but on the new EPS construct, would you expect to be able to kind of normalize, be converting in the low 90s on this EPS construct, free cash flow conversion.
Lori Koch -- Chief Financial Officer
Yeah. I think -- I don't know that we'll get to the 90% this year. So I think with the headwinds that we're seeing in working capital as well as the capex in excess of D&A, I think 90% will be tougher this year. I think if you normalize where we've been in the past, it's very strong.
We've had 170% roughly last year. The previous couple of years are right around the 100% mark. So as soon as we get through this difficult raw material and supply environment, we'll get back to our usual run rate, but I don't see it this year.
Ed Breen -- Chief Executive Officer
Thanks, Jeff.
Operator
Your next question, we have Steve Tusa with J.P. Morgan. Your line is open.
Steve Tusa -- J.P. Morgan -- Analyst
Hey, good morning.
Ed Breen -- Chief Executive Officer
Hey. Good morning, Steve.
Steve Tusa -- J.P. Morgan -- Analyst
You may have addressed it, but I guess I'm getting to kind of an incremental in the second half of kind of mid to high 20s reported. And then I think you had a few idling -- kind of residual idling impact, so kind of the core incremental would maybe be a bit below that. Is that -- am I looking at the math the right way or maybe there's some other puts and takes?
Lori Koch -- Chief Financial Officer
You are. Yes, you're in the right ballpark. And really, that deceleration from the incremental margins we saw in the first half is really just the impact of the pickup in raw material escalation. We are getting it all in price.
But as you know, it will hurt margin percent, and then the incremental margin will be a little bit weaker as we navigate that in the back half.
Steve Tusa -- J.P. Morgan -- Analyst
Got it. That's helpful. And then just price on -- in mobility materials, I mean, like a huge number, obviously, this quarter. Does that kind of sustain itself in the low double-digit range in the back half, the price mix impact?
Lori Koch -- Chief Financial Officer
It does, yeah. We see it strong again in Q3. We'll see how Q4 plays out. And we'll also start to get price within W&P, as we had mentioned.
So we didn't have price in W&P in 2Q. We'll look to have low to mid-single-digit price improvement in W&P. One thing to be careful of is the metals impact. So that really plays with the results running through corporate and then the results running through M&M.
So as silver price, for example, that impacts the M&M portfolio rises, we've got contractual pass-backs that we get the price, but it does impact the COGS. So that's one piece. So if you normalize that out from the M&M results, which were as reported 13%, we were about closer to 8%. So that's more like the underlying polymer-driven price increases.
Steve Tusa -- J.P. Morgan -- Analyst
OK. And then just one quick one on that last one. If these raws start to fade, do you give that price back? Is it that kind of contractual where that price would go in the other direction as we look out to '22?
Lori Koch -- Chief Financial Officer
So on the metals piece, yes. So it would move directly with the metals price. Within the overall polymer portfolio, we would envision that we would have to start to give it back. If we see the nylon feedstocks, for example, start to reduce, we would imagine that we would be giving back that price.
I don't know about the exact timing of it. We would obviously try to hold price as best as what we can. But it would be a headwind if raws start to decelerate.
Ed Breen -- Chief Executive Officer
Margin would hang in there obviously, Steve, in that environment. But they won't probably tie quarter to quarter exactly, but you'd give it up over a year period probably to tie up.
Steve Tusa -- J.P. Morgan -- Analyst
Got it. Great. Thanks a lot for the color. Super helpful.
Ed Breen -- Chief Executive Officer
Great. Thanks, Steve.
Operator
Your next question, we have Scott Davis with Melius Research. Your line is open.
Scott Davis -- Melius Research -- Analyst
Hey, good morning, everybody.
Ed Breen -- Chief Executive Officer
Hey, Scott.
Scott Davis -- Melius Research -- Analyst
Can we talk about the water business a little bit? I mean the comment on the appendix, just water technologies hit due to logistics. I mean what is it about that business in particular that made it harder to get price? And we've seen price pretty broadly, I think, across the industrial segment this quarter. So what is it about that business structurally? And can you capture it in real time? Are you kind of perpetually behind here on price or can you catch up pretty quickly in the upcoming quarter?
Ed Breen -- Chief Executive Officer
Yes. Scott, by the way, overall and Lori made this comment, just overall, the water business seems very healthy as we move forward. And as Lori had mentioned, our top line should be mid to high single digits this year. We had the logistics issue.
By the way, it was also, what I call, an export issue out of one of our product lines in Germany that held us up this -- at the end of the quarter. So we couldn't get it out the door, the fairly significant project shipment we were doing. So that will come out in the third quarter, and we should have nice revenue growth in the third quarter. And then I would say, just generally, this is true of the water business.
But W&P in general, we put price increases through during the second quarter. But a lot of them, we -- especially in the water business, because there's some project-driven business, we have locked contracts for some period of time, usually about a quarter, by the way. So the price will lag about that much before we can implement it. So we expect to see positive price in the third quarter in the whole W&P sector in general, which we didn't see in the second quarter.
Again, we put the increases through. We'll start to actually see it kick in, in the third quarter.
Scott Davis -- Melius Research -- Analyst
OK. That's helpful, Ed. And then since we got Jon on the line, I mean, are there more deals like Laird out there in electronics? I don't really know that -- I don't think many of us on the line are huge -- in the weeds in that particular business. But help us understand how fragmented is that or perhaps if there's more deals like that out there.
Jon Kemp -- President of our Electronics and Industrial Segment
Yes, Scott. Thanks. We -- obviously, we've seen a number of deals across the electronics industry. I think it's an industry characterized by -- with a fairly fragmented supplier base across a number of core technologies.
We're obviously interested in continuing to build out our portfolio in places where the technology is adding value to help our customers solve problems, especially those that are aligned with leading-edge technology and semiconductor 5G materials. And even in our Industrial Solutions business, with some of the precision parts and medical silicones continuing to strengthen, those -- we believe that there will continue to be opportunities for us to continue to add and build on to that part of our portfolio.
Scott Davis -- Melius Research -- Analyst
Fantastic. Thanks. Good luck, Jon. Thanks, everybody.
Ed Breen -- Chief Executive Officer
Thanks, Scott.
Operator
Thank you. Next question, we have David Begleiter with Deutsche Bank. Your line is open.
David Begleiter -- Deutsche Bank -- Analyst
Thank you. Again, good quarter. A question for Jon. Jon, given the new revamped and strengthened portfolio, what do you think the underlying growth is of this business over the next 3 years?
Jon Kemp -- President of our Electronics and Industrial Segment
Yeah, David. Good question. So obviously, it's been a really strong demand environment for the last couple of years. 2020, even in a pandemic environment, was strong, and we were able to grow nicely.
2021 is also shaping up to see the continuation of those trends. Overall, broadly, we would expect it to be mid to high single-digit growth over kind of the time horizon. There'll be puts and takes along the way, but really strong, robust demand conditions across all 3 of our businesses going forward.
David Begleiter -- Deutsche Bank -- Analyst
Very good. And then how is the M&A pipeline in the nonelectronics areas of the business?
Ed Breen -- Chief Executive Officer
Yes. David, I'm not going to get into specifics on it. But we do have a few targets we're seriously studying, I'd say a little bit bigger than bolt-on but on the bigger end of bolt-on, if I could use that term. By the way, I know I've highlighted before we were looking at 1 water asset that was tuck-in, and we walked on that.
We didn't think the economics worked well for us. So that's off the table. But there is a couple of other areas we're interested in, but it would be something that we're already in. Like electronics, for instance, Jon just talked about where we could add on some technologies and grow.
So there's a couple of other areas besides electronics we're looking at but again, down the sweet spot of what we know how to do.
David Begleiter -- Deutsche Bank -- Analyst
Thank you.
Ed Breen -- Chief Executive Officer
Yeah. Thanks, David.
Operator
Thank you. Next question, we have Vincent Andrews with Morgan Stanley. Your line is open.
Vincent Andrews -- Morgan Stanley -- Analyst
Thanks and good morning, everyone. Just maybe, Ed, how are you thinking about the fourth quarter in terms of maybe seasonality as well as sort of what you think happens in terms of raw material costs and availability? Just help us understand what's baked in there.
Ed Breen -- Chief Executive Officer
Yeah. So I think this year, the seasonality will be a little bit different, Vincent. We'll start to recover some of the M&M volume that we couldn't ship because of supply constraints. So I think that will plug in a little bit more in the fourth quarter.
And I think if you look at the guide we gave, you'll kind of see that there. By the way, the overall picture is we went into the second quarter thinking that raw materials was about a $300 million headwind. We now estimate it to be $400 million of a headwind. Again, as Lori had mentioned though, we will get price.
It won't tie quarter to quarter here, but we'll get price to cover that. And you can see, obviously, we got nice price in M&M this quarter. We'll start getting price in W&P next quarter. We think we'll see some -- a little bit more escalation on raws in a few areas in W&P, which will hold the margins back maybe a little more than we would want going into third quarter, but again, still solid about where we were in the second quarter.
And then my -- I'll say my personal opinion is raws of kind of 80%, 90% peak of where they're at here. And our guide plans that they hold through the year at these higher raw levels but again, we get price to offset.
Vincent Andrews -- Morgan Stanley -- Analyst
OK. That's very helpful. And then maybe just as a follow-up, I think a few weeks ago, you did a settlement with Delaware. And maybe you could just speak to any update to the broader PFAS settlement strategy you have and whether we should be anticipating further state-by-state settlements or -- particularly states where maybe you don't have manufacturing capabilities.
I thought the idea was just to concentrate on where you did. But just broad update on what you're thinking.
Ed Breen -- Chief Executive Officer
Yeah. So look, Delaware ended up costing us $12.5 million. And remember, Delaware was one of the ones, I would say, where we manufactured because our big plant is literally right across the Delaware River, and the State of Delaware actually owns and controls the Delaware River Basin in that area. So look, I think the good news is we have a really good agreement between the 3 companies, Chemours, Corteva and DuPont, so we're holding hands and working together really well.
And I think the Delaware one was a great example of that. So we have a few other states where we did have manufacturing locations. Let me just say, obviously, we're in conversations. I think you could probably use Delaware as a blueprint.
There's some other states that have wrapped us into legal issues where we absolutely didn't do anything at all. I would point out Vermont as one of them. We have nothing there, nothing even close to being there. So each one is a little bit of a different strategy, but we're very focused on trying to resolve more and more of those issues.
And I think Delaware was a first step. You can kind of see what we're up to.
Vincent Andrews -- Morgan Stanley -- Analyst
OK. Thanks for the clarity on that. Appreciate it.
Ed Breen -- Chief Executive Officer
Yeah, thank you.
Operator
Thank you. Next question, we have Stephen Byrne with Bank of America.
Stephen Byrne -- Bank of America Merrill Lynch -- Analyst
Yes, thank you. I was curious just to hear your views on what you think the opportunity is to utilize your suite of water treatment technologies in direct lithium extraction. And assuming there's some brine deposits out there that you might be able to treat that others can't, do you think the best way to realize the value of your technology is just continuing to sell materials or would you consider more of an investment in that business?
Lori Koch -- Chief Financial Officer
Yeah. We're looking at the opportunity right now with our water filtration business in the lithium-ion battery space. And so it's early days looking at it, and we're working with some partners as well to understand the opportunity. I don't know that we would do an investment in an area outside of our current technology fleet to take advantage of that right now.
We'll continue to study and see if that's the right decision. We've got actually capacity constraints that we're butting up against in the water business, too. So we're studying some high-return water capacity expansion efforts. Right now, I'm actually on my way to Minnesota on Thursday to look at our current operations to understand what the opportunity is.
So we're aware of the potential opportunity landscape, and we'll continue to study it.
Stephen Byrne -- Bank of America Merrill Lynch -- Analyst
Thank you, Lori. And just a follow-up on your comments about your settlement with the State of Delaware and your focus on trying to resolve PFAS issues associated with your manufacturing plants. Just a couple of weeks ago, there was a Hoosick Falls, New York case, and you all chose not to settle that. Is that where -- a downstream manufacturing plant from you.
Were you a materials supplier to that plant or do you just not want to open that door to other settlements?
Ed Breen -- Chief Executive Officer
No. Well, yeah, I'd say a combination of. I know the settlement came out. Three other companies were involved in the settlement.
We decided not to settle. Look, at some point, we will. But the precedent of even that low number you saw from the others was not something we were willing to do because we didn't do anything there. And we're not going to set a precedent that's inappropriate for the company.
So even though it was single millions of dollars, we still thought that was not appropriate. But I'll just leave it at that. We're well on top of it. We have a strategy and we'll let it play out.
Stephen Byrne -- Bank of America Merrill Lynch -- Analyst
Thank you.
Ed Breen -- Chief Executive Officer
Yeah, thanks, Steve.
Operator
Your next question, we have John McNulty with BMO Capital Markets.
John McNulty -- BMO Capital Markets -- Analyst
Taking my question. I guess for the first one, just with -- given like the supply chain disruptions that you saw, some of the freight-related issues, can you quantify what the impact was on your sales? And is it fair to assume that whatever was lost or misplaced this quarter, you can make back up in 3Q or 4Q or is there any risk that some of those sales just have disappeared? How should we be thinking about that?
Lori Koch -- Chief Financial Officer
Yeah. I think it breaks down really across M&M and W&P. And in M&M, it's more raw material constraints. So we saw $100 million of top line in the first quarter and another $100 million in the second quarter.
We'll look to eat away at that in the second half, but I don't know that we'll get all of that in the second half. It depends on raw material availability. Most of them have generally resolved themselves with the exception of glass fiber, which goes into a significant amount of our polymers. And so we'll see how the glass fiber market continues to evolve.
But as we see it right now, we don't see the full $200 million in the second half. It will trickle into 2022, but we intend to get it all back over time. So it's not lost sales. It's really just shifted.
And then in W&P, it was more on the logistics side hitting our water business. So as Ed had mentioned, we had some logistical constraints in Europe. We would size them around $25 million and we would look to get those back this year.
John McNulty -- BMO Capital Markets -- Analyst
Got it. Fair enough. And then maybe just to speak to the semiconductor industry. I mean the cycle seems like it's heated up.
We're starting to see significant investments, especially with concerns about security and national security and that kind of thing. So we're also seeing further investment in the U.S. and maybe away from the more traditional Asian regions. I guess can you speak to how that opportunity presents itself for DuPont and if there are incremental challenges just given some of the diversity or some incremental benefits and how we should be thinking about that in terms of your investment going forward there?
Jon Kemp -- President of our Electronics and Industrial Segment
Yeah. Great question. And when we think about the semiconductor market, clearly really strong investment trends by all of the leading OEMs in multiple regions. So you see the Tier 1 fabs who are investing up, in aggregate hundreds of billions of dollars over the next 2 or 3 years, some in the U.S., some in Asian markets, some in Europe, to expand and build capacity.
Most of that capacity is going to be built to accommodate leading edge, both in the logic foundry side as well as on the memory side. We see that as extremely favorable to our business dynamics. When you make those investments at leading-edge foundries, then that increases the number of -- it increases the manufacturing complexity as well as the purity of the materials, all of which plays into the sweet spot of what we're able to provide for our customers. And our portfolio was broad enough that we're really touching every step of the manufacturing process for the wafer.
So the partnerships that we have with the OEMs are strong. We continue to work together on qualifying materials for all of those next-generation, leading-edge solutions. And as we start to see the wafer starts come online, we've already seen some benefit this year from new wafer capacity. We'll continue to see wafer capacity ramp up over the next couple of years as some of those investments start to come online.
And we're really well positioned to capitalize on those trends.
John McNulty -- BMO Capital Markets -- Analyst
Thanks very much for the color. Appreciate it.
Ed Breen -- Chief Executive Officer
Thanks, John.
Operator
Thank you. Next question, we have Bob Koort with Goldman Sachs.
Bob Koort -- Goldman Sachs -- Analyst
Thank you very much. Good morning.
Ed Breen -- Chief Executive Officer
Good morning, Bob.
Bob Koort -- Goldman Sachs -- Analyst
Ed, I wanted to talk about sort of the characterization of the company. I know when you came onboard and spun out and separated DuPont, there was an ambition to be a services provider and not necessarily a chemical company. But it seems like the last few months, you're created a lot like a chemical company. You got some devaluation and some raw material issues that hit you.
Why do you think the market is not willing to look at you more through that multi lens? And then secondly, I know you looked at peers at the time, ITW, Honeywell, 3M, those kind of names. Have you benchmarked versus them, say, over the last 6 or 9 months? How do you feel you're stacking up? Thanks.
Ed Breen -- Chief Executive Officer
Yeah. So look, we look at every end market we're in and do an analysis versus all the multi-industry companies. And you can do -- I'm sure, Bob, you've done it. I think we stack up extremely well.
By the way, I think part of it is -- and I don't disagree with your overall comment. We're created a little more like a Dow or a Lyondell, obviously, at a higher multiple. But I think over time, the consistency of our results will prove out that we're a premier multi-industrial company. It takes some time.
We've had a year and a half of very consistent results. I think one thing we proved, because I heard -- Lori and I heard this a lot, especially from people that follow multi-industry companies, is how would DuPont react in a downturn. And when the pandemic hit, I think our decremental margins were literally not the best, but best in class with the top-tier companies. Our top line, in the worst, dropped 10%; and our decrementals, somewhere right in there.
So I think we proved -- because a lot of people thought chemical company, you just kind of do a general comment. You think we're going to drop pretty significantly in a downturn and we did not. So I think that was a big proof point that through the cycle, we can perform very well. And obviously, we're performing very well with great incremental margins now on the upside as the revenue comes back.
But if you really look at the pieces of the company, there's very little of what you would call direct chemical commodity exposure in the company anymore. Jon's sitting here next to me. Look at our electronics business. It's a steady mid to high-single growing industry.
It should be pretty consistent along the way. So I think over time, we'll get the valuation. I think where our multiple sits versus the better multi-industry companies, I think we got a lot of runway in front of us. So I think consistency going forward will prove the day.
Bob Koort -- Goldman Sachs -- Analyst
Yes. Perhaps old perceptions just die slowly. But Lori, I wanted to ask you one thing. You mentioned in Tyvek that a year ago, you guys were really pumping out the personal protection and maybe had more efficient runs through your plants.
Was there also an issue where those were higher-margin sales or was it just a function of you had better operating utilization and that's what gave you a better profitability there?
Lori Koch -- Chief Financial Officer
Yeah. No, it really just came down to the amount of days of production. So the margin profile across the different end markets is the same. It was really just the ability which has gone out, the protective garments not have the changeovers that enabled us to really reduce our downtime and up our days of production.
Bob Koort -- Goldman Sachs -- Analyst
Got you. Thanks so much.
Ed Breen -- Chief Executive Officer
Thanks, Bob.
Operator
Thank you. Next question, we have PJ Juvekar with Citigroup.
PJ Juvekar -- Citi -- Analyst
Good morning.
Ed Breen -- Chief Executive Officer
Good morning, PJ.
PJ Juvekar -- Citi -- Analyst
Good morning. Another question on electronics. You talk about advanced nodes in your semiconductor business. Can you talk about your market share in these advanced nodes? And then what happens with pricing? Because typically, these new nodes, you get better pricing while pricing tends to sort of decline over time in the base business.
And you didn't get much pricing this quarter. So just generally, talk about pricing as well as you talked about advanced nodes and the market share there.
Jon Kemp -- President of our Electronics and Industrial Segment
Yes, PJ. Good question. So the advanced nodes obviously are critical for us. I would say the bulk of our portfolio is positioned to be able to help our customers solve for solutions at the advanced nodes, whether that's kind of below -- 20-nanometer and below, the 14, 7, 5 and now even 3.
When I talk about market share, obviously, each fab and each customer is different, and I want to stay away from customer-specific comments. But in general, our portfolio is weighted more toward the advanced nodes and probably a little bit more on the logic side versus the memory side, although we definitely participate broadly across both segments of the market. On the pricing question, so we typically -- the electronics segment in general, we'd be about minus 1% a year based on the cost down and performance expectations of our customers. And where we really are able to capture price is on the next-generation products, and they tend to be fairly fast-cycle launches of new technology.
So we typically get price on new technology. And then that technology pricing will erode over time, constantly replaced with the next generation of products where we get price. So in general, we see price kind of in the down half a percent to maybe one and a half percent. This year, pricing is relatively flat.
So we're actually holding price pretty well in this environment. And I think as Lori alluded to earlier, we'll continue to see positive price -- kind of flat to positive price for the rest of the year.
PJ Juvekar -- Citi -- Analyst
Great. Thank you. And Ed, you sold N&B then bought Laird. Should we expect sort of a phase of consolidation here where maybe you make some small bolt-on acquisitions and steady the ship or do you think a bigger divestiture could be in the cards for next 12 months? Thank you.
Ed Breen -- Chief Executive Officer
Yeah. Look, we've been looking at some other acquisition targets, as I mentioned earlier. Again, they're going to be in the sweet spot of what we do. I put it right in the Laird category, by the way.
So the numbers and the math have to work for us, so we'll see what occurs. Look, we're always open to looking at things that will create value for our shareholders. So I would never say never on something bigger, but it's not on the forefront of our thinking at this point in time.
PJ Juvekar -- Citi -- Analyst
Thank you.
Ed Breen -- Chief Executive Officer
Thanks.
Operator
Last question, we have John Roberts with UBS. Your line is open.
John Roberts -- UBS -- Analyst
Thank you. Which businesses are still down the most versus pre pandemic? Aramids for oil and gas and aerospace come to mind. Maybe printing solutions may be still down meaningfully from pre pandemic. How much is left to go in terms of recovery?
Ed Breen -- Chief Executive Officer
Yeah, you hit it right. It looks like you're looking at one of our charts. Oil and gas is still down from 2019 by 15%. Aerospace is down 23%.
But by the way, just to give you -- they're all off their bottom. Oil and gas in the second quarter of 2020, which is their rough quarter, was down 50%. Now it's only -- from '19. Now it's only down 15%.
Aerospace was down 31% in '20. Again, only down 23% now. In everything else, our revenue was positive to '19. Across auto, smartphone, semi, Tyvek, general industrial are all positive '19 levels.
So they're the 2 remaining ones, but again, lifting really nice off the bottom. By the way, construction in total is also up about 5% from '19 levels. So nice recovery there. That was another one.
A quarter ago, we were still negative.
Lori Koch -- Chief Financial Officer
Yeah. And on the auto side, our revenue is back. But if you look at the volume side, we're still weaker. If you look at auto builds in 2Q, they were down 15%.
We still see them being down for the full year versus '19, so not back to that 89 million build level, so upside as we head into 2022 as that market continues to stabilize them.
John Roberts -- UBS -- Analyst
OK. And then it sounded like you didn't look at Coventya. I don't know whether that's a question for Jon or somebody else. But since you have some industrial in the electronics and industrial, why wouldn't that have made sense?
Jon Kemp -- President of our Electronics and Industrial Segment
So look, we've got a really strong plating business. We're well positioned in that industry. We look at a lot of different targets. Our plating portfolio is more focused on the consumer electronics as opposed to some of the more industrial applications that you may see from some of our plating competitors.
So just strategically, it wasn't as strong a fit for us as maybe some other folks in the industry.
Leland Weaver -- Vice President, Investor Relations
So thanks, everyone. Later this quarter, we will kick off a series of webinars to highlight some of the different lines of business within our reporting segment. Our first session happens to be on the 22nd of September, where Jon will cover semiconductor technology. So I hope that you all will be able to join us for that.
Thanks for joining today's call. And for your reference, a copy of our transcript will be posted on our website. This concludes our call. Thank you.
Operator
[Operator signoff]
Duration: 63 minutes
Call participants:
Leland Weaver -- Vice President, Investor Relations
Ed Breen -- Chief Executive Officer
Jon Kemp -- President of our Electronics and Industrial Segment
Lori Koch -- Chief Financial Officer
John Walsh -- Credit Suisse -- Analyst
Jeff Sprague -- Vertical Research -- Analyst
Steve Tusa -- J.P. Morgan -- Analyst
Scott Davis -- Melius Research -- Analyst
David Begleiter -- Deutsche Bank -- Analyst
Vincent Andrews -- Morgan Stanley -- Analyst
Stephen Byrne -- Bank of America Merrill Lynch -- Analyst
John McNulty -- BMO Capital Markets -- Analyst
Bob Koort -- Goldman Sachs -- Analyst
PJ Juvekar -- Citi -- Analyst
John Roberts -- UBS -- Analyst
More DD analysis
All earnings call transcripts
This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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DuPont (NYSE: DD) Q2 2021 Earnings Call Aug 03, 2021, 8:00 a.m. In addition to our financial results, we continue to execute on our balanced approach to capital allocation during the quarter. And in July, we repurchased an additional $125 million of shares.
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Operator [Operator signoff] Duration: 63 minutes Call participants: Leland Weaver -- Vice President, Investor Relations Ed Breen -- Chief Executive Officer Jon Kemp -- President of our Electronics and Industrial Segment Lori Koch -- Chief Financial Officer John Walsh -- Credit Suisse -- Analyst Jeff Sprague -- Vertical Research -- Analyst Steve Tusa -- J.P. Morgan -- Analyst Scott Davis -- Melius Research -- Analyst David Begleiter -- Deutsche Bank -- Analyst Vincent Andrews -- Morgan Stanley -- Analyst Stephen Byrne -- Bank of America Merrill Lynch -- Analyst John McNulty -- BMO Capital Markets -- Analyst Bob Koort -- Goldman Sachs -- Analyst PJ Juvekar -- Citi -- Analyst John Roberts -- UBS -- Analyst More DD analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. DuPont (NYSE: DD) Q2 2021 Earnings Call Aug 03, 2021, 8:00 a.m. In addition to our financial results, we continue to execute on our balanced approach to capital allocation during the quarter.
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Operator [Operator signoff] Duration: 63 minutes Call participants: Leland Weaver -- Vice President, Investor Relations Ed Breen -- Chief Executive Officer Jon Kemp -- President of our Electronics and Industrial Segment Lori Koch -- Chief Financial Officer John Walsh -- Credit Suisse -- Analyst Jeff Sprague -- Vertical Research -- Analyst Steve Tusa -- J.P. Morgan -- Analyst Scott Davis -- Melius Research -- Analyst David Begleiter -- Deutsche Bank -- Analyst Vincent Andrews -- Morgan Stanley -- Analyst Stephen Byrne -- Bank of America Merrill Lynch -- Analyst John McNulty -- BMO Capital Markets -- Analyst Bob Koort -- Goldman Sachs -- Analyst PJ Juvekar -- Citi -- Analyst John Roberts -- UBS -- Analyst More DD analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. DuPont (NYSE: DD) Q2 2021 Earnings Call Aug 03, 2021, 8:00 a.m. In addition to our financial results, we continue to execute on our balanced approach to capital allocation during the quarter.
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Operator [Operator signoff] Duration: 63 minutes Call participants: Leland Weaver -- Vice President, Investor Relations Ed Breen -- Chief Executive Officer Jon Kemp -- President of our Electronics and Industrial Segment Lori Koch -- Chief Financial Officer John Walsh -- Credit Suisse -- Analyst Jeff Sprague -- Vertical Research -- Analyst Steve Tusa -- J.P. Morgan -- Analyst Scott Davis -- Melius Research -- Analyst David Begleiter -- Deutsche Bank -- Analyst Vincent Andrews -- Morgan Stanley -- Analyst Stephen Byrne -- Bank of America Merrill Lynch -- Analyst John McNulty -- BMO Capital Markets -- Analyst Bob Koort -- Goldman Sachs -- Analyst PJ Juvekar -- Citi -- Analyst John Roberts -- UBS -- Analyst More DD analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. DuPont (NYSE: DD) Q2 2021 Earnings Call Aug 03, 2021, 8:00 a.m. In addition to our financial results, we continue to execute on our balanced approach to capital allocation during the quarter.
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da81a667-5bfe-4f74-a021-2eece29b0ed8
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716134.0
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2021-08-03 00:00:00 UTC
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US STOCKS-Wall St falls as Delta worries outweigh earnings, M&A cheer
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DD
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https://www.nasdaq.com/articles/us-stocks-wall-st-falls-as-delta-worries-outweigh-earnings-ma-cheer-2021-08-03
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nan
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nan
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For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.
Dupont, Discovery slide despite strong earnings
Translate Bio surges on sale to Sanofi in $3.2-bln deal
Banks track bond yields lower
Focus on services sector data, jobs report this week
Indexes off: Dow 0.19%, S&P 0.18%, Nasdaq 0.42%
Updates to open
By Sagarika Jaisinghani
Aug 3 (Reuters) - Wall Street's main indexes fell on Tuesday, as concerns around a surge in the Delta variant of the coronavirus took the shine off an upbeat corporate earnings season and a pickup in global deals activity.
Only four of the 11 S&P indexes were higher in early trading and gains were led by real estate .SPLRCR and utilities .SPLRCU, generally considered safe bets at a time of heightened economic uncertainty.
A clutch of U.S. companies including industrial materials maker Dupont DD.N and Discovery Inc DISCA.O reported better-than-expected quarterly results, but their shares fell as investors booked profits amid lofty stock valuations.
"Stocks have taken into account a substantial increase in earnings, which is mostly due to an easy comparison from last year," said Rick Meckler, a partner at Cherry Lane Investments in New Vernon, New Jersey.
"What's troubling investors is the return of COVID-19 infections potentially pulling down the economy and the possibility of a higher tax rates."
Rising cases of the Delta variant and signs that the domestic economic rebound had begun to slow have knocked the three main U.S. stock indexes off record highs, while a deepening regulatory scrutiny in China has sent jitters through the global technology sector.
China's Tencent Holdings Ltd 0700.HK slumped as much as 10% in Asia after a Chinese state media outlet branded online games as "spiritual opium".
Shares of U.S.-listed gaming companies including Activision Blizzard Inc ATVI.O, Electronic Arts Inc EA.O, Zinga Inc ZNGA.O and Take-Two Interactive Software Inc TTWO.O fell between 2.8% and 9%.
At 10:07 a.m. ET, the Dow Jones Industrial Average .DJIwas down 0.19%, the S&P 500 .SPXwas down 0.18% and the Nasdaq Composite .IXICwas down 0.42%.
Bond yields US10YT=RR slipped again after weaker-than-expected manufacturing data in the previous session sent them to their lowest since July 20. Shares of major U.S. banks, which generally track bond yields, fell about 1%. US/
Energy stocks .SPNY slid 0.2% following a slump in oil prices. O/R
Meanwhile, data on Tuesday showed factory orders rose 1.5% in June after a 2.3% increase in the previous month. Economists polled by Reuters had expected a rise of 1% in June.
Focus later in the week will be on data on the U.S. services sector and the monthly jobs report for July.
In M&A-driven moves, Translate Bio TBIO.O surged 29.1% after France's Sanofi SASY.PA agreed to buy the U.S. biotech company in a $3.2 billion deal.
Under Armour Inc UA.N and Ralph Lauren Corp RL.N jumped 4.0% and 6.9%, respectively, after raising their annual revenue forecast.
Overall, earnings at S&P 500 firms are now estimated to have climbed about 90% in the second quarter versus forecasts of 65.4% at the start of July, according to IBES data from Refinitiv.
Declining issues outnumbered advancers 1.84-to-1 on the NYSE and 2.56-to-1 on the Nasdaq.
The S&P index recorded 35 new 52-week highs and three new lows, while the Nasdaq recorded 48 new highs and 52 new lows.
(Reporting by Sagarika Jaisinghani and Shashank Nayar in Bengaluru; Editing by Arun Koyyur)
((sagarika.jaisinghani@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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A clutch of U.S. companies including industrial materials maker Dupont DD.N and Discovery Inc DISCA.O reported better-than-expected quarterly results, but their shares fell as investors booked profits amid lofty stock valuations. Dupont, Discovery slide despite strong earnings Translate Bio surges on sale to Sanofi in $3.2-bln deal Banks track bond yields lower Focus on services sector data, jobs report this week Indexes off: Dow 0.19%, S&P 0.18%, Nasdaq 0.42% Updates to open By Sagarika Jaisinghani Aug 3 (Reuters) - Wall Street's main indexes fell on Tuesday, as concerns around a surge in the Delta variant of the coronavirus took the shine off an upbeat corporate earnings season and a pickup in global deals activity. Rising cases of the Delta variant and signs that the domestic economic rebound had begun to slow have knocked the three main U.S. stock indexes off record highs, while a deepening regulatory scrutiny in China has sent jitters through the global technology sector.
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A clutch of U.S. companies including industrial materials maker Dupont DD.N and Discovery Inc DISCA.O reported better-than-expected quarterly results, but their shares fell as investors booked profits amid lofty stock valuations. Dupont, Discovery slide despite strong earnings Translate Bio surges on sale to Sanofi in $3.2-bln deal Banks track bond yields lower Focus on services sector data, jobs report this week Indexes off: Dow 0.19%, S&P 0.18%, Nasdaq 0.42% Updates to open By Sagarika Jaisinghani Aug 3 (Reuters) - Wall Street's main indexes fell on Tuesday, as concerns around a surge in the Delta variant of the coronavirus took the shine off an upbeat corporate earnings season and a pickup in global deals activity. Shares of major U.S. banks, which generally track bond yields, fell about 1%.
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A clutch of U.S. companies including industrial materials maker Dupont DD.N and Discovery Inc DISCA.O reported better-than-expected quarterly results, but their shares fell as investors booked profits amid lofty stock valuations. Dupont, Discovery slide despite strong earnings Translate Bio surges on sale to Sanofi in $3.2-bln deal Banks track bond yields lower Focus on services sector data, jobs report this week Indexes off: Dow 0.19%, S&P 0.18%, Nasdaq 0.42% Updates to open By Sagarika Jaisinghani Aug 3 (Reuters) - Wall Street's main indexes fell on Tuesday, as concerns around a surge in the Delta variant of the coronavirus took the shine off an upbeat corporate earnings season and a pickup in global deals activity. Rising cases of the Delta variant and signs that the domestic economic rebound had begun to slow have knocked the three main U.S. stock indexes off record highs, while a deepening regulatory scrutiny in China has sent jitters through the global technology sector.
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A clutch of U.S. companies including industrial materials maker Dupont DD.N and Discovery Inc DISCA.O reported better-than-expected quarterly results, but their shares fell as investors booked profits amid lofty stock valuations. Dupont, Discovery slide despite strong earnings Translate Bio surges on sale to Sanofi in $3.2-bln deal Banks track bond yields lower Focus on services sector data, jobs report this week Indexes off: Dow 0.19%, S&P 0.18%, Nasdaq 0.42% Updates to open By Sagarika Jaisinghani Aug 3 (Reuters) - Wall Street's main indexes fell on Tuesday, as concerns around a surge in the Delta variant of the coronavirus took the shine off an upbeat corporate earnings season and a pickup in global deals activity. O/R Meanwhile, data on Tuesday showed factory orders rose 1.5% in June after a 2.3% increase in the previous month.
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716135.0
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2021-08-03 00:00:00 UTC
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US STOCKS-Apple, healthcare stocks lift S&P 500 amid Delta variant worries
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DD
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https://www.nasdaq.com/articles/us-stocks-apple-healthcare-stocks-lift-sp-500-amid-delta-variant-worries-2021-08-03
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nan
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By Sagarika Jaisinghani
Aug 3 (Reuters) - The S&P 500 rose on Tuesday on gains in Apple and healthcare stocks, even though concerns around a surge in the Delta variant of the coronavirus took some shine off an upbeat corporate earnings season.
Ten of the 11 S&P indexes were trading higher, with energy stocks .SPNY rebounding after getting hit by a dip in oil prices O/R.
Apple Inc AAPL.O rose 1.3%, although other heavyweight technology stocks including Netflix Inc NFLX.O, Tesla Inc TSLA.O and Facebook Inc FB.O edged lower, capping gains on the tech-heavy Nasdaq.
A clutch of U.S. companies including industrial materials maker Dupont DD.N and Discovery Inc DISCA.O reported better-than-expected quarterly results, but their shares fell as investors booked profits amid lofty stock valuations.
"Stocks have taken into account a substantial increase in earnings, which is mostly due to an easy comparison from last year," said Rick Meckler, a partner at Cherry Lane Investments in New Vernon, New Jersey.
"What's troubling investors is the return of COVID-19 infections potentially pulling down the economy and the possibility of a higher tax rates."
Rising cases of the Delta variant and signs that the domestic economic rebound had begun to slow have knocked the three main U.S. stock indexes off record highs, while a deepening regulatory scrutiny in China has sent jitters through the global technology sector.
Shares in U.S.- and European-listed gaming companies fell between 2.8% and 4.6% after a steep selloff in China's social media and video games group Tencent 0700.HK, driven by fears the sector could be next in regulators' crosshairs.
'Grand Theft Auto' creator Take-Two Interactive Software Inc TTWO.O plunged 9.2% also after it issued a disappointing sales forecast.
By 12:15 p.m. ET, the Dow Jones Industrial Average .DJI and the S&P 500 .SPX added 0.47% each and the Nasdaq Composite .IXIC gained 0.25%.
Data on Tuesday showed factory orders rose 1.5% in June after a 2.3% increase in the previous month. Economists polled by Reuters had expected a rise of 1% in June.
Later in the week, focus will shift to data on the U.S. services sector and the monthly jobs report for July.
"In case the data continues to come in weaker than expected, the equity market will take it negatively," said Mark Grant, chief global strategist at B. Riley Financial.
"I'm not expecting anything dramatic, but I'm expecting a continued downdraft in equities and lower yield on Treasuries."
In M&A-driven moves, Translate Bio TBIO.O surged 29.1% after France's Sanofi SASY.PA agreed to buy the U.S. biotech company in a $3.2 billion deal.
Under Armour Inc UA.N and Ralph Lauren Corp RL.N jumped 6.4% and 9.1%, respectively, after raising their annual revenue forecast.
Overall, earnings at S&P 500 firms are now estimated to have climbed about 90% in the second quarter versus forecasts of 65.4% at the start of July, according to IBES data from Refinitiv.
Advancing issues outnumbered decliners 1.10-to-1 on the NYSE and 1.35-to-1 on the Nasdaq.
The S&P index recorded 52 new 52-week highs and three new lows, while the Nasdaq recorded 74 new highs and 85 new lows.
(Reporting by Sagarika Jaisinghani, Sruthi Shankar and Shashank Nayar in Bengaluru; Editing by Arun Koyyur)
((sagarika.jaisinghani@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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A clutch of U.S. companies including industrial materials maker Dupont DD.N and Discovery Inc DISCA.O reported better-than-expected quarterly results, but their shares fell as investors booked profits amid lofty stock valuations. ET, the Dow Jones Industrial Average .DJI and the S&P 500 .SPX added 0.47% each and the Nasdaq Composite .IXIC gained 0.25%. By Sagarika Jaisinghani Aug 3 (Reuters) - The S&P 500 rose on Tuesday on gains in Apple and healthcare stocks, even though concerns around a surge in the Delta variant of the coronavirus took some shine off an upbeat corporate earnings season.
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A clutch of U.S. companies including industrial materials maker Dupont DD.N and Discovery Inc DISCA.O reported better-than-expected quarterly results, but their shares fell as investors booked profits amid lofty stock valuations. ET, the Dow Jones Industrial Average .DJI and the S&P 500 .SPX added 0.47% each and the Nasdaq Composite .IXIC gained 0.25%. By Sagarika Jaisinghani Aug 3 (Reuters) - The S&P 500 rose on Tuesday on gains in Apple and healthcare stocks, even though concerns around a surge in the Delta variant of the coronavirus took some shine off an upbeat corporate earnings season.
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A clutch of U.S. companies including industrial materials maker Dupont DD.N and Discovery Inc DISCA.O reported better-than-expected quarterly results, but their shares fell as investors booked profits amid lofty stock valuations. ET, the Dow Jones Industrial Average .DJI and the S&P 500 .SPX added 0.47% each and the Nasdaq Composite .IXIC gained 0.25%. By Sagarika Jaisinghani Aug 3 (Reuters) - The S&P 500 rose on Tuesday on gains in Apple and healthcare stocks, even though concerns around a surge in the Delta variant of the coronavirus took some shine off an upbeat corporate earnings season.
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A clutch of U.S. companies including industrial materials maker Dupont DD.N and Discovery Inc DISCA.O reported better-than-expected quarterly results, but their shares fell as investors booked profits amid lofty stock valuations. ET, the Dow Jones Industrial Average .DJI and the S&P 500 .SPX added 0.47% each and the Nasdaq Composite .IXIC gained 0.25%. Rising cases of the Delta variant and signs that the domestic economic rebound had begun to slow have knocked the three main U.S. stock indexes off record highs, while a deepening regulatory scrutiny in China has sent jitters through the global technology sector.
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716136.0
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2021-08-03 00:00:00 UTC
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US STOCKS-Apple, healthcare stocks help Wall St shrug off Delta worries
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DD
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https://www.nasdaq.com/articles/us-stocks-apple-healthcare-stocks-help-wall-st-shrug-off-delta-worries-2021-08-03
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nan
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nan
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By Echo Wang
Aug 3 (Reuters) - Wall Street's main indexes rose on Tuesday on gains in Apple and healthcare stocks, even though concerns around a surge in the Delta variant of the coronavirus took some shine off an upbeat corporate earnings season.
Ten of the 11 S&P indexes traded higher, with energy stocks .SPNY rebounding after getting hit by a dip in oil prices O/R.
“We've been dealing with a tug of war between what has been a very strong economic recovery consistent with the reopening and that's playing out through corporate earnings," said Bill Northey, senior investment director at U.S. Bank Wealth Management in Minneapolis. He also noted "concerns about the renewed mitigation efforts that are being put in place around the new variants to the COVID-19 virus.”
Apple Inc AAPL.O rose 1.57% after sliding last week. Other heavyweight technology stocks, including Netflix Inc NFLX.O, Tesla Inc TSLA.O and Facebook Inc FB.O continued to edge lower, capping gains on the tech-heavy Nasdaq.
A clutch of U.S. companies, including industrial materials maker Dupont DD.N and Discovery Inc DISCA.O, reported better-than-expected quarterly results, but their shares fell as investors booked profits amid lofty stock valuations.
Rising cases of the Delta variant and signs that the domestic economic rebound has begun to slow have knocked the three main U.S. stock indexes off record highs, while a deepening regulatory scrutiny in China has sent jitters through the global technology sector.
Shares in U.S.- and European-listed gaming companies fell between 2.8% and 4.6% after a steep sell-off in China's social media and video games group Tencent 0700.HK, driven by fears the sector could be next in regulators' crosshairs.
"Grand Theft Auto" creator Take-Two Interactive Software Inc TTWO.O plunged 9.58% after it issued a disappointing sales forecast.
By 2:07 p.m. ET, the Dow Jones Industrial Average .DJI rose 218.3 points, or 0.63%, to 35,056.46, the S&P 500 .SPX gained 27.77 points, or 0.63%, to 4,414.93 and the Nasdaq Composite .IXIC added 41.91 points, or 0.29%, to 14,722.98. By 1:55PM ET, the Dow Jones Industrial Average .DJI rose 210.88 points, or 0.61%, to 35,049.04, the S&P 500 .SPX gained 26.97 points, or 0.61%, to 4,414.13 and the Nasdaq Composite .IXIC added 49.52 points, or 0.34%, to 14,730.59.
Data on Tuesday showed U.S. factory orders rose 1.5% in June after a 2.3% increase in the previous month. Economists polled by Reuters had expected a rise of 1% in June.
Later in the week, focus will shift to data on the U.S. services sector and the monthly jobs report for July.
In M&A-driven moves, Translate Bio TBIO.O surged 28.99% after France's Sanofi SASY.PA agreed to buy the U.S. biotech company in a $3.2 billion deal.
Under Armour Inc UA.N and Ralph Lauren Corp RL.N jumped 5.5% and 6.8%, respectively, after raising their annual revenue forecasts.
Overall, earnings at S&P 500 firms are estimated to have climbed about 90% in the second quarter versus forecasts of 65.4% at the start of July, according to IBES data from Refinitiv.
Advancing issues outnumbered declining ones on the NYSE by a 1.21-to-1 ratio; on Nasdaq, a 1.35-to-1 ratio favored decliners.
The S&P 500 posted 59 new 52-week highs and three new lows; the Nasdaq Composite recorded 81 new highs and 96 new lows.
(Reporting by Echo Wang; additional reporting by Sagarika Jaisinghani, Sruthi Shankar and Shashank Nayar in Bengaluru; Editing by Arun Koyyur and Dan Grebler)
((Echo.wang@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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A clutch of U.S. companies, including industrial materials maker Dupont DD.N and Discovery Inc DISCA.O, reported better-than-expected quarterly results, but their shares fell as investors booked profits amid lofty stock valuations. ET, the Dow Jones Industrial Average .DJI rose 218.3 points, or 0.63%, to 35,056.46, the S&P 500 .SPX gained 27.77 points, or 0.63%, to 4,414.93 and the Nasdaq Composite .IXIC added 41.91 points, or 0.29%, to 14,722.98. By 1:55PM ET, the Dow Jones Industrial Average .DJI rose 210.88 points, or 0.61%, to 35,049.04, the S&P 500 .SPX gained 26.97 points, or 0.61%, to 4,414.13 and the Nasdaq Composite .IXIC added 49.52 points, or 0.34%, to 14,730.59.
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ET, the Dow Jones Industrial Average .DJI rose 218.3 points, or 0.63%, to 35,056.46, the S&P 500 .SPX gained 27.77 points, or 0.63%, to 4,414.93 and the Nasdaq Composite .IXIC added 41.91 points, or 0.29%, to 14,722.98. By 1:55PM ET, the Dow Jones Industrial Average .DJI rose 210.88 points, or 0.61%, to 35,049.04, the S&P 500 .SPX gained 26.97 points, or 0.61%, to 4,414.13 and the Nasdaq Composite .IXIC added 49.52 points, or 0.34%, to 14,730.59. A clutch of U.S. companies, including industrial materials maker Dupont DD.N and Discovery Inc DISCA.O, reported better-than-expected quarterly results, but their shares fell as investors booked profits amid lofty stock valuations.
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ET, the Dow Jones Industrial Average .DJI rose 218.3 points, or 0.63%, to 35,056.46, the S&P 500 .SPX gained 27.77 points, or 0.63%, to 4,414.93 and the Nasdaq Composite .IXIC added 41.91 points, or 0.29%, to 14,722.98. By 1:55PM ET, the Dow Jones Industrial Average .DJI rose 210.88 points, or 0.61%, to 35,049.04, the S&P 500 .SPX gained 26.97 points, or 0.61%, to 4,414.13 and the Nasdaq Composite .IXIC added 49.52 points, or 0.34%, to 14,730.59. A clutch of U.S. companies, including industrial materials maker Dupont DD.N and Discovery Inc DISCA.O, reported better-than-expected quarterly results, but their shares fell as investors booked profits amid lofty stock valuations.
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A clutch of U.S. companies, including industrial materials maker Dupont DD.N and Discovery Inc DISCA.O, reported better-than-expected quarterly results, but their shares fell as investors booked profits amid lofty stock valuations. ET, the Dow Jones Industrial Average .DJI rose 218.3 points, or 0.63%, to 35,056.46, the S&P 500 .SPX gained 27.77 points, or 0.63%, to 4,414.93 and the Nasdaq Composite .IXIC added 41.91 points, or 0.29%, to 14,722.98. By 1:55PM ET, the Dow Jones Industrial Average .DJI rose 210.88 points, or 0.61%, to 35,049.04, the S&P 500 .SPX gained 26.97 points, or 0.61%, to 4,414.13 and the Nasdaq Composite .IXIC added 49.52 points, or 0.34%, to 14,730.59.
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716137.0
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2021-08-03 00:00:00 UTC
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Dupont lifts 2021 outlook on robust demand from chipmakers, automakers
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DD
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https://www.nasdaq.com/articles/dupont-lifts-2021-outlook-on-robust-demand-from-chipmakers-automakers-2021-08-03
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Adds 2021 forecast
Aug 3 (Reuters) - Industrial materials maker Dupont DD.N on Tuesday raised its full-year forecast for a second time and reported a rise in quarterly profit, as a jump in demand for its products offset higher raw material and logistics costs.
Dupont has benefited from a rebound in demand from chipmakers and automakers after the pandemic-driven slump, but it warned in May of higher costs and supply constraints of key raw materials.
For the full year, the company said it expects net sales between $16.5 billion and $16.6 billion, compared with $15.7 billion to $15.9 billion previously.
It also forecast adjusted earnings per share between $4.24 and $4.30, compared with its previous estimate of $3.60 to $3.75 per share.
Adjusted net income rose to $563 million, or $1.06 per share, in the three months ended June 30, from $550 million, or 91 cents per share, in the first quarter.
(Reporting by Arathy S Nair in Bengaluru; Editing by Aditya Soni)
((arathys.nair@thomsonreuters.com; +1 646 223 8780 (Extn 2726); Twitter: https://twitter.com/ArathySom;))
The views and 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 2021 forecast Aug 3 (Reuters) - Industrial materials maker Dupont DD.N on Tuesday raised its full-year forecast for a second time and reported a rise in quarterly profit, as a jump in demand for its products offset higher raw material and logistics costs. Dupont has benefited from a rebound in demand from chipmakers and automakers after the pandemic-driven slump, but it warned in May of higher costs and supply constraints of key raw materials. (Reporting by Arathy S Nair in Bengaluru; Editing by Aditya Soni) ((arathys.nair@thomsonreuters.com; +1 646 223 8780 (Extn 2726); Twitter: https://twitter.com/ArathySom;)) The views and 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 2021 forecast Aug 3 (Reuters) - Industrial materials maker Dupont DD.N on Tuesday raised its full-year forecast for a second time and reported a rise in quarterly profit, as a jump in demand for its products offset higher raw material and logistics costs. For the full year, the company said it expects net sales between $16.5 billion and $16.6 billion, compared with $15.7 billion to $15.9 billion previously. It also forecast adjusted earnings per share between $4.24 and $4.30, compared with its previous estimate of $3.60 to $3.75 per share.
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Adds 2021 forecast Aug 3 (Reuters) - Industrial materials maker Dupont DD.N on Tuesday raised its full-year forecast for a second time and reported a rise in quarterly profit, as a jump in demand for its products offset higher raw material and logistics costs. For the full year, the company said it expects net sales between $16.5 billion and $16.6 billion, compared with $15.7 billion to $15.9 billion previously. Adjusted net income rose to $563 million, or $1.06 per share, in the three months ended June 30, from $550 million, or 91 cents per share, in the first quarter.
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Adds 2021 forecast Aug 3 (Reuters) - Industrial materials maker Dupont DD.N on Tuesday raised its full-year forecast for a second time and reported a rise in quarterly profit, as a jump in demand for its products offset higher raw material and logistics costs. Dupont has benefited from a rebound in demand from chipmakers and automakers after the pandemic-driven slump, but it warned in May of higher costs and supply constraints of key raw materials. For the full year, the company said it expects net sales between $16.5 billion and $16.6 billion, compared with $15.7 billion to $15.9 billion previously.
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74b7cc2f-7479-4329-8078-00e29727be66
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716138.0
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2021-08-03 00:00:00 UTC
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US STOCKS-Futures rise on earnings, M&A cheer amid growing Delta worries
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DD
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https://www.nasdaq.com/articles/us-stocks-futures-rise-on-earnings-ma-cheer-amid-growing-delta-worries-2021-08-03
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nan
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nan
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By Sagarika Jaisinghani
Aug 3 (Reuters) - U.S. stock index futures rose on Tuesday, as an upbeat corporate earnings season and a pickup in global deals activity lifted demand for risky equities, although gains were capped by concerns around a surge in the Delta variant of the coronavirus.
Shares of Dupont DD.N rose 2.5% in premarket trading after the industrial materials maker raised its full-year forecast for a second time.
Stronger-than-expected profit reports have ratcheted up already high forecasts of second-quarter results for Corporate America, with earnings now estimated to have climbed about 90% versus forecasts of 65.4% at the start of July, according to IBES data from Refinitiv.
Still, Wall Street's main indexes have slipped from record highs as investors booked profit amid lofty stock valuations and as concerns over slowing economic growth and rising cases of the Delta variant hit sentiment.
A deepening regulatory crackdown in China has also sent jitters across the global technology sector. China's Tencent Holdings Ltd 0700.HK slumped as much as 10% in Asia after a Chinese state media outlet branded online games as "spiritual opium".
Shares of U.S.-listed gaming companies including Activision Blizzard Inc ATVI.O, Take-Two Interactive Software Inc TTWO.O and Electronic Arts Inc EA.O inched lower by 07:08 a.m. ET.
Dow e-minis 1YMcv1 rose 0.47%, S&P 500 e-minis EScv1 added 0.37% and Nasdaq 100 e-minis NQcv1 gained 0.11%.
Bond yields US10YT=RR steadied after weaker-than-expected manufacturing data in the previous session sent them to their lowest since July 20.
Shares of major U.S. banks, which generally track yields, also inched higher in early deals. US/
Focus on Tuesday will be on factory orders for June, while later in the week, traders will turn to data on the U.S. services sector and the monthly jobs report for July.
Translate Bio TBIO.O surged 29.5% after France's Sanofi SASY.PA agreed to buy the U.S. biotech company in a $3.2 billion deal.
In earnings-driven moves, Under Armour Inc UA.N jumped 4.5% after raising its annual revenue forecast, while drugmaker Eli Lilly and Co LLY.N slipped 1.6% as it reported a 2% drop in quarterly profit.
(Reporting by Sagarika Jaisinghani in Bengaluru; Editing by Arun Koyyur)
((sagarika.jaisinghani@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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Shares of Dupont DD.N rose 2.5% in premarket trading after the industrial materials maker raised its full-year forecast for a second time. Dow e-minis 1YMcv1 rose 0.47%, S&P 500 e-minis EScv1 added 0.37% and Nasdaq 100 e-minis NQcv1 gained 0.11%. By Sagarika Jaisinghani Aug 3 (Reuters) - U.S. stock index futures rose on Tuesday, as an upbeat corporate earnings season and a pickup in global deals activity lifted demand for risky equities, although gains were capped by concerns around a surge in the Delta variant of the coronavirus.
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Dow e-minis 1YMcv1 rose 0.47%, S&P 500 e-minis EScv1 added 0.37% and Nasdaq 100 e-minis NQcv1 gained 0.11%. Shares of Dupont DD.N rose 2.5% in premarket trading after the industrial materials maker raised its full-year forecast for a second time. By Sagarika Jaisinghani Aug 3 (Reuters) - U.S. stock index futures rose on Tuesday, as an upbeat corporate earnings season and a pickup in global deals activity lifted demand for risky equities, although gains were capped by concerns around a surge in the Delta variant of the coronavirus.
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Shares of Dupont DD.N rose 2.5% in premarket trading after the industrial materials maker raised its full-year forecast for a second time. Dow e-minis 1YMcv1 rose 0.47%, S&P 500 e-minis EScv1 added 0.37% and Nasdaq 100 e-minis NQcv1 gained 0.11%. By Sagarika Jaisinghani Aug 3 (Reuters) - U.S. stock index futures rose on Tuesday, as an upbeat corporate earnings season and a pickup in global deals activity lifted demand for risky equities, although gains were capped by concerns around a surge in the Delta variant of the coronavirus.
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Shares of Dupont DD.N rose 2.5% in premarket trading after the industrial materials maker raised its full-year forecast for a second time. Dow e-minis 1YMcv1 rose 0.47%, S&P 500 e-minis EScv1 added 0.37% and Nasdaq 100 e-minis NQcv1 gained 0.11%. By Sagarika Jaisinghani Aug 3 (Reuters) - U.S. stock index futures rose on Tuesday, as an upbeat corporate earnings season and a pickup in global deals activity lifted demand for risky equities, although gains were capped by concerns around a surge in the Delta variant of the coronavirus.
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31ec5ab4-d9f7-4a40-8eaf-0d95bef4c723
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716139.0
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2021-08-03 00:00:00 UTC
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US STOCKS-Wall St set to rise on earnings, M&A cheer amid Delta worries
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DD
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https://www.nasdaq.com/articles/us-stocks-wall-st-set-to-rise-on-earnings-ma-cheer-amid-delta-worries-2021-08-03
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nan
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nan
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For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.
Dupont, Under Armour jump on strong earnings
Translate Bio surges on sale to Sanofi in $3.2-bln deal
Banks track bond yields higher
Focus on services sector data, jobs report this week
Futures up: Dow 0.27%, S&P 0.22%, Nasdaq 0.14%
Adds comments; updates prices
By Sagarika Jaisinghani
Aug 3 (Reuters) - Wall Street was set to rise on Tuesday, as an upbeat corporate earnings season and a pickup in global deals activity lifted demand for risky equities, although gains were capped by concerns around a surge in the Delta variant of the coronavirus.
Shares of Dupont DD.N rose 2.2% in premarket trading after the industrial materials maker raised its full-year forecast for a second time.
Stronger-than-expected profit reports have ratcheted up already high forecasts of second-quarter results for Corporate America, with earnings now estimated to have climbed about 90% versus forecasts of 65.4% at the start of July, according to IBES data from Refinitiv.
Still, the three main U.S. stock indexes have slipped from record highs as investors booked profits amid lofty stock valuations and as concerns over slowing economic growth and rising cases of the Delta variant hit sentiment.
"Investors are not willing to sell at current levels, but are also not willing to commit to fresh capital due to rising COVID-19 cases and a possible change in taxes, which could lead the market to trade quite range-bound," said Rick Meckler, a partner at Cherry Lane Investments in New Vernon, New Jersey.
A deepening regulatory crackdown in China has also sent jitters across the global technology sector. China's Tencent Holdings Ltd 0700.HK slumped as much as 10% in Asia after a Chinese state media outlet branded online games as "spiritual opium".
Shares of U.S.-listed gaming companies including Activision Blizzard Inc ATVI.O and Take-Two Interactive Software Inc TTWO.O inched lower by 08:23 a.m. ET.
Dow e-minis 1YMcv1 were up 95 points, or 0.27%, S&P 500 e-minis EScv1 were up 9.75 points, or 0.22%, and Nasdaq 100 e-minis NQcv1 were up 20.75 points, or 0.14%.
Bond yields US10YT=RR steadied after weaker-than-expected manufacturing data in the previous session sent them to their lowest since July 20. Shares of major U.S. banks, which generally track bond yields, also inched higher in early deals. US/
Focus on Tuesday will be on factory orders for June, while later in the week, traders will turn to data on the U.S. services sector and the monthly jobs report for July.
In M&A-driven moves, Translate Bio TBIO.O surged 29.4% after France's Sanofi SASY.PA agreed to buy the U.S. biotech company in a $3.2 billion deal.
Industrial firm Cummins Inc CMI.N gained 1.3% as it said it would explore options for its unit which makes filters, coolant and chemical products.
Under Armour Inc UA.N jumped 6.1% after raising its annual revenue forecast.
Drugmaker Eli Lilly and Co LLY.N, on the other hand, slipped 1.9% as it reported a 2% drop in quarterly profit.
(Reporting by Sagarika Jaisinghani and Shashank Nayar in Bengaluru; Editing by Arun Koyyur)
((sagarika.jaisinghani@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dupont, Under Armour jump on strong earnings Translate Bio surges on sale to Sanofi in $3.2-bln deal Banks track bond yields higher Focus on services sector data, jobs report this week Futures up: Dow 0.27%, S&P 0.22%, Nasdaq 0.14% Adds comments; updates prices By Sagarika Jaisinghani Aug 3 (Reuters) - Wall Street was set to rise on Tuesday, as an upbeat corporate earnings season and a pickup in global deals activity lifted demand for risky equities, although gains were capped by concerns around a surge in the Delta variant of the coronavirus. Shares of Dupont DD.N rose 2.2% in premarket trading after the industrial materials maker raised its full-year forecast for a second time. "Investors are not willing to sell at current levels, but are also not willing to commit to fresh capital due to rising COVID-19 cases and a possible change in taxes, which could lead the market to trade quite range-bound," said Rick Meckler, a partner at Cherry Lane Investments in New Vernon, New Jersey.
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Dupont, Under Armour jump on strong earnings Translate Bio surges on sale to Sanofi in $3.2-bln deal Banks track bond yields higher Focus on services sector data, jobs report this week Futures up: Dow 0.27%, S&P 0.22%, Nasdaq 0.14% Adds comments; updates prices By Sagarika Jaisinghani Aug 3 (Reuters) - Wall Street was set to rise on Tuesday, as an upbeat corporate earnings season and a pickup in global deals activity lifted demand for risky equities, although gains were capped by concerns around a surge in the Delta variant of the coronavirus. Shares of Dupont DD.N rose 2.2% in premarket trading after the industrial materials maker raised its full-year forecast for a second time. Dow e-minis 1YMcv1 were up 95 points, or 0.27%, S&P 500 e-minis EScv1 were up 9.75 points, or 0.22%, and Nasdaq 100 e-minis NQcv1 were up 20.75 points, or 0.14%.
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Dupont, Under Armour jump on strong earnings Translate Bio surges on sale to Sanofi in $3.2-bln deal Banks track bond yields higher Focus on services sector data, jobs report this week Futures up: Dow 0.27%, S&P 0.22%, Nasdaq 0.14% Adds comments; updates prices By Sagarika Jaisinghani Aug 3 (Reuters) - Wall Street was set to rise on Tuesday, as an upbeat corporate earnings season and a pickup in global deals activity lifted demand for risky equities, although gains were capped by concerns around a surge in the Delta variant of the coronavirus. Shares of Dupont DD.N rose 2.2% in premarket trading after the industrial materials maker raised its full-year forecast for a second time. Stronger-than-expected profit reports have ratcheted up already high forecasts of second-quarter results for Corporate America, with earnings now estimated to have climbed about 90% versus forecasts of 65.4% at the start of July, according to IBES data from Refinitiv.
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Dupont, Under Armour jump on strong earnings Translate Bio surges on sale to Sanofi in $3.2-bln deal Banks track bond yields higher Focus on services sector data, jobs report this week Futures up: Dow 0.27%, S&P 0.22%, Nasdaq 0.14% Adds comments; updates prices By Sagarika Jaisinghani Aug 3 (Reuters) - Wall Street was set to rise on Tuesday, as an upbeat corporate earnings season and a pickup in global deals activity lifted demand for risky equities, although gains were capped by concerns around a surge in the Delta variant of the coronavirus. Shares of Dupont DD.N rose 2.2% in premarket trading after the industrial materials maker raised its full-year forecast for a second time. Shares of major U.S. banks, which generally track bond yields, also inched higher in early deals.
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dab9ab42-0d89-4301-97eb-e8f8505878b0
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716140.0
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2021-08-03 00:00:00 UTC
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Dupont profit rises 2.4% as stronger demand offsets higher costs
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DD
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https://www.nasdaq.com/articles/dupont-profit-rises-2.4-as-stronger-demand-offsets-higher-costs-2021-08-03
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Aug 3 (Reuters) - Industrial materials maker Dupont DD.N on Tuesday reported a 2.4% rise in second-quarter profit from the previous three months, as a jump in demand from chipmakers and automakers offset rising raw material and logistics costs.
Adjusted net income rose to $563 million, or $1.06 per share, in the three months ended June 30, from $550 million, or 91 cents per share, in the first quarter.
(Reporting by Arathy S Nair in Bengaluru; Editing by Aditya Soni)
((arathys.nair@thomsonreuters.com; +1 646 223 8780 (Extn 2726); Twitter: https://twitter.com/ArathySom;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aug 3 (Reuters) - Industrial materials maker Dupont DD.N on Tuesday reported a 2.4% rise in second-quarter profit from the previous three months, as a jump in demand from chipmakers and automakers offset rising raw material and logistics costs. Adjusted net income rose to $563 million, or $1.06 per share, in the three months ended June 30, from $550 million, or 91 cents per share, in the first quarter. (Reporting by Arathy S Nair in Bengaluru; Editing by Aditya Soni) ((arathys.nair@thomsonreuters.com; +1 646 223 8780 (Extn 2726); Twitter: https://twitter.com/ArathySom;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aug 3 (Reuters) - Industrial materials maker Dupont DD.N on Tuesday reported a 2.4% rise in second-quarter profit from the previous three months, as a jump in demand from chipmakers and automakers offset rising raw material and logistics costs. Adjusted net income rose to $563 million, or $1.06 per share, in the three months ended June 30, from $550 million, or 91 cents per share, in the first quarter. (Reporting by Arathy S Nair in Bengaluru; Editing by Aditya Soni) ((arathys.nair@thomsonreuters.com; +1 646 223 8780 (Extn 2726); Twitter: https://twitter.com/ArathySom;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aug 3 (Reuters) - Industrial materials maker Dupont DD.N on Tuesday reported a 2.4% rise in second-quarter profit from the previous three months, as a jump in demand from chipmakers and automakers offset rising raw material and logistics costs. Adjusted net income rose to $563 million, or $1.06 per share, in the three months ended June 30, from $550 million, or 91 cents per share, in the first quarter. (Reporting by Arathy S Nair in Bengaluru; Editing by Aditya Soni) ((arathys.nair@thomsonreuters.com; +1 646 223 8780 (Extn 2726); Twitter: https://twitter.com/ArathySom;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aug 3 (Reuters) - Industrial materials maker Dupont DD.N on Tuesday reported a 2.4% rise in second-quarter profit from the previous three months, as a jump in demand from chipmakers and automakers offset rising raw material and logistics costs. Adjusted net income rose to $563 million, or $1.06 per share, in the three months ended June 30, from $550 million, or 91 cents per share, in the first quarter. (Reporting by Arathy S Nair in Bengaluru; Editing by Aditya Soni) ((arathys.nair@thomsonreuters.com; +1 646 223 8780 (Extn 2726); Twitter: https://twitter.com/ArathySom;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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46c30c2a-cf43-4bc7-8617-1b668702fa51
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716141.0
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2021-08-03 00:00:00 UTC
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EI DuPont De Nemours & Co. Q2 adjusted earnings of $1.06 per share
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DD
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https://www.nasdaq.com/articles/ei-dupont-de-nemours-co.-q2-adjusted-earnings-of-%241.06-per-share-2021-08-03
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nan
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(RTTNews) - Below are the earnings highlights for EI DuPont De Nemours & Co. (DD):
-Earnings: $0.48 billion in Q2 vs. -$2.48 billion in the same period last year. -EPS: $0.90 in Q2 vs. -$3.37 in the same period last year. -Excluding items, EI DuPont De Nemours & Co. reported adjusted earnings of $563 million or $1.06 per share for the period. -Revenue: $4.14 billion in Q2 vs. $3.29 billion in the same period last year.
-Guidance: Next quarter EPS guidance: $1.11 - $1.13 Next quarter revenue guidance: $4.18 - $4.23 Bln Full year EPS guidance: $4.24 - $4.30 Full year revenue guidance: $16.45 - $16.55 Bln
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Below are the earnings highlights for EI DuPont De Nemours & Co. (DD): -Earnings: $0.48 billion in Q2 vs. -$2.48 billion in the same period last year. -Excluding items, EI DuPont De Nemours & Co. reported adjusted earnings of $563 million or $1.06 per share for the period. -Guidance: Next quarter EPS guidance: $1.11 - $1.13 Next quarter revenue guidance: $4.18 - $4.23 Bln Full year EPS guidance: $4.24 - $4.30 Full year revenue guidance: $16.45 - $16.55 Bln The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Below are the earnings highlights for EI DuPont De Nemours & Co. (DD): -Earnings: $0.48 billion in Q2 vs. -$2.48 billion in the same period last year. -Excluding items, EI DuPont De Nemours & Co. reported adjusted earnings of $563 million or $1.06 per share for the period. -Guidance: Next quarter EPS guidance: $1.11 - $1.13 Next quarter revenue guidance: $4.18 - $4.23 Bln Full year EPS guidance: $4.24 - $4.30 Full year revenue guidance: $16.45 - $16.55 Bln The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Below are the earnings highlights for EI DuPont De Nemours & Co. (DD): -Earnings: $0.48 billion in Q2 vs. -$2.48 billion in the same period last year. -Revenue: $4.14 billion in Q2 vs. $3.29 billion in the same period last year. -Guidance: Next quarter EPS guidance: $1.11 - $1.13 Next quarter revenue guidance: $4.18 - $4.23 Bln Full year EPS guidance: $4.24 - $4.30 Full year revenue guidance: $16.45 - $16.55 Bln The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Below are the earnings highlights for EI DuPont De Nemours & Co. (DD): -Earnings: $0.48 billion in Q2 vs. -$2.48 billion in the same period last year. -Excluding items, EI DuPont De Nemours & Co. reported adjusted earnings of $563 million or $1.06 per share for the period. -Guidance: Next quarter EPS guidance: $1.11 - $1.13 Next quarter revenue guidance: $4.18 - $4.23 Bln Full year EPS guidance: $4.24 - $4.30 Full year revenue guidance: $16.45 - $16.55 Bln The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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17aafebb-21ff-488b-aca7-531d810746d2
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716142.0
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2021-08-03 00:00:00 UTC
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EI DuPont De Nemours & Co. Q2 21 Earnings Conference Call At 8:00 AM ET
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DD
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https://www.nasdaq.com/articles/ei-dupont-de-nemours-co.-q2-21-earnings-conference-call-at-8%3A00-am-et-2021-08-03
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nan
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(RTTNews) - EI DuPont De Nemours & Co. (DD) will host a conference call at 8:00 AM ET on August 3, 2021, to discuss Q2 21 earnings results.
To access the live webcast, log on to https://www.investors.dupont.com/investors/dupont-investors/events-and-presentations/default.aspx
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - EI DuPont De Nemours & Co. (DD) will host a conference call at 8:00 AM ET on August 3, 2021, to discuss Q2 21 earnings results. To access the live webcast, log on to https://www.investors.dupont.com/investors/dupont-investors/events-and-presentations/default.aspx The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - EI DuPont De Nemours & Co. (DD) will host a conference call at 8:00 AM ET on August 3, 2021, to discuss Q2 21 earnings results. To access the live webcast, log on to https://www.investors.dupont.com/investors/dupont-investors/events-and-presentations/default.aspx The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - EI DuPont De Nemours & Co. (DD) will host a conference call at 8:00 AM ET on August 3, 2021, to discuss Q2 21 earnings results. To access the live webcast, log on to https://www.investors.dupont.com/investors/dupont-investors/events-and-presentations/default.aspx The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - EI DuPont De Nemours & Co. (DD) will host a conference call at 8:00 AM ET on August 3, 2021, to discuss Q2 21 earnings results. To access the live webcast, log on to https://www.investors.dupont.com/investors/dupont-investors/events-and-presentations/default.aspx The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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66e62ac4-1cac-42db-9eff-64784e6b4027
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716143.0
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2021-08-02 00:00:00 UTC
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Pre-Market Earnings Report for August 3, 2021 : BABA, LLY, FIS, COP, ETN, MAR, LHX, DD, KKR, ZBH, CMI, PSX
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DD
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https://www.nasdaq.com/articles/pre-market-earnings-report-for-august-3-2021-%3A-baba-lly-fis-cop-etn-mar-lhx-dd-kkr-zbh-0
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The following companies are expected to report earnings prior to market open on 08/03/2021. Visit our Earnings Calendar for a full list of expected earnings releases.
Alibaba Group Holding Limited (BABA)is reporting for the quarter ending June 30, 2021. The internet company's consensus earnings per share forecast from the 4 analysts that follow the stock is $1.76. This value represents a 3.53% increase compared to the same quarter last year. Zacks Investment Research reports that the 2022 Price to Earnings ratio for BABA is 25.89 vs. an industry ratio of 17.30, implying that they will have a higher earnings growth than their competitors in the same industry.
Eli Lilly and Company (LLY)is reporting for the quarter ending June 30, 2021. The large cap pharmaceutical company's consensus earnings per share forecast from the 4 analysts that follow the stock is $1.89. This value represents a no change for the same quarter last year. Zacks Investment Research reports that the 2021 Price to Earnings ratio for LLY is 30.98 vs. an industry ratio of 16.10, implying that they will have a higher earnings growth than their competitors in the same industry.
Fidelity National Information Services, Inc. (FIS)is reporting for the quarter ending June 30, 2021. The financial transactions company's consensus earnings per share forecast from the 14 analysts that follow the stock is $1.55. This value represents a 34.78% increase compared to the same quarter last year. In the past year FIS has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2021 Price to Earnings ratio for FIS is 22.93 vs. an industry ratio of 40.70.
ConocoPhillips (COP)is reporting for the quarter ending June 30, 2021. The oil company's consensus earnings per share forecast from the 8 analysts that follow the stock is $1.15. This value represents a 225.00% increase compared to the same quarter last year. Zacks Investment Research reports that the 2021 Price to Earnings ratio for COP is 12.11 vs. an industry ratio of 40.30.
Eaton Corporation, PLC (ETN)is reporting for the quarter ending June 30, 2021. The machinery company's consensus earnings per share forecast from the 8 analysts that follow the stock is $1.56. This value represents a 122.86% increase compared to the same quarter last year. In the past year ETN has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 15.2%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for ETN is 25.13 vs. an industry ratio of 15.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Marriott International (MAR)is reporting for the quarter ending June 30, 2021. The hotel company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.43. This value represents a 167.19% increase compared to the same quarter last year. MAR missed the consensus earnings per share in the 2nd calendar quarter of 2020 by -45.45%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for MAR is 61.34 vs. an industry ratio of -3.10, implying that they will have a higher earnings growth than their competitors in the same industry.
L3Harris Technologies, Inc. (LHX)is reporting for the quarter ending June 30, 2021. The aerospace and defense company's consensus earnings per share forecast from the 8 analysts that follow the stock is $3.17. This value represents a 12.01% increase compared to the same quarter last year. In the past year LHX has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 8.9%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for LHX is 17.45 vs. an industry ratio of -9.90, implying that they will have a higher earnings growth than their competitors in the same industry.
DuPont de Nemours, Inc. (DD)is reporting for the quarter ending June 30, 2021. The chemical company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.94. This value represents a 34.29% increase compared to the same quarter last year. In the past year DD has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 18.18%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for DD is 19.70 vs. an industry ratio of 12.90, implying that they will have a higher earnings growth than their competitors in the same industry.
KKR & Co. Inc. (KKR)is reporting for the quarter ending June 30, 2021. The finance/investment management company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.83. This value represents a 112.82% increase compared to the same quarter last year. In the past year KKR has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 20.97%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for KKR is 21.47 vs. an industry ratio of 13.80, implying that they will have a higher earnings growth than their competitors in the same industry.
Zimmer Biomet Holdings, Inc. (ZBH)is reporting for the quarter ending June 30, 2021. The medical products company's consensus earnings per share forecast from the 12 analysts that follow the stock is $1.84. This value represents a 3580.00% increase compared to the same quarter last year. In the past year ZBH has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 13.25%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for ZBH is 20.87 vs. an industry ratio of 11.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Cummins Inc. (CMI)is reporting for the quarter ending June 30, 2021. The engines company's consensus earnings per share forecast from the 9 analysts that follow the stock is $4.06. This value represents a 108.21% increase compared to the same quarter last year. In the past year CMI has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 16.76%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for CMI is 14.32 vs. an industry ratio of 12.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Phillips 66 (PSX)is reporting for the quarter ending June 30, 2021. The oil refining company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.71. This value represents a 195.95% increase compared to the same quarter last year. PSX missed the consensus earnings per share in the 4th calendar quarter of 2020 by -6.42%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for PSX is 35.13 vs. an industry ratio of -142.00, implying that they will have a higher earnings growth than their competitors in the same industry.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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DuPont de Nemours, Inc. (DD)is reporting for the quarter ending June 30, 2021. In the past year DD has beat the expectations every quarter. Zacks Investment Research reports that the 2021 Price to Earnings ratio for DD is 19.70 vs. an industry ratio of 12.90, implying that they will have a higher earnings growth than their competitors in the same industry.
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DuPont de Nemours, Inc. (DD)is reporting for the quarter ending June 30, 2021. In the past year DD has beat the expectations every quarter. Zacks Investment Research reports that the 2021 Price to Earnings ratio for DD is 19.70 vs. an industry ratio of 12.90, implying that they will have a higher earnings growth than their competitors in the same industry.
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DuPont de Nemours, Inc. (DD)is reporting for the quarter ending June 30, 2021. In the past year DD has beat the expectations every quarter. Zacks Investment Research reports that the 2021 Price to Earnings ratio for DD is 19.70 vs. an industry ratio of 12.90, implying that they will have a higher earnings growth than their competitors in the same industry.
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DuPont de Nemours, Inc. (DD)is reporting for the quarter ending June 30, 2021. In the past year DD has beat the expectations every quarter. Zacks Investment Research reports that the 2021 Price to Earnings ratio for DD is 19.70 vs. an industry ratio of 12.90, implying that they will have a higher earnings growth than their competitors in the same industry.
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fa1156b4-0a89-4992-a2bc-63283d95d9e6
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716144.0
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2021-08-02 00:00:00 UTC
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Pre-Market Earnings Report for August 3, 2021 : BABA, LLY, FIS, COP, ETN, MAR, LHX, DD, KKR, ZBH, CMI, PSX
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DD
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https://www.nasdaq.com/articles/pre-market-earnings-report-for-august-3-2021-%3A-baba-lly-fis-cop-etn-mar-lhx-dd-kkr-zbh-cmi
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nan
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nan
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The following companies are expected to report earnings prior to market open on 08/03/2021. Visit our Earnings Calendar for a full list of expected earnings releases.
Alibaba Group Holding Limited (BABA)is reporting for the quarter ending June 30, 2021. The internet company's consensus earnings per share forecast from the 4 analysts that follow the stock is $1.76. This value represents a 3.53% increase compared to the same quarter last year. Zacks Investment Research reports that the 2022 Price to Earnings ratio for BABA is 25.89 vs. an industry ratio of 17.30, implying that they will have a higher earnings growth than their competitors in the same industry.
Eli Lilly and Company (LLY)is reporting for the quarter ending June 30, 2021. The large cap pharmaceutical company's consensus earnings per share forecast from the 4 analysts that follow the stock is $1.89. This value represents a no change for the same quarter last year. Zacks Investment Research reports that the 2021 Price to Earnings ratio for LLY is 30.98 vs. an industry ratio of 16.10, implying that they will have a higher earnings growth than their competitors in the same industry.
Fidelity National Information Services, Inc. (FIS)is reporting for the quarter ending June 30, 2021. The financial transactions company's consensus earnings per share forecast from the 14 analysts that follow the stock is $1.55. This value represents a 34.78% increase compared to the same quarter last year. In the past year FIS has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2021 Price to Earnings ratio for FIS is 22.93 vs. an industry ratio of 40.70.
ConocoPhillips (COP)is reporting for the quarter ending June 30, 2021. The oil company's consensus earnings per share forecast from the 8 analysts that follow the stock is $1.15. This value represents a 225.00% increase compared to the same quarter last year. Zacks Investment Research reports that the 2021 Price to Earnings ratio for COP is 12.11 vs. an industry ratio of 40.30.
Eaton Corporation, PLC (ETN)is reporting for the quarter ending June 30, 2021. The machinery company's consensus earnings per share forecast from the 8 analysts that follow the stock is $1.56. This value represents a 122.86% increase compared to the same quarter last year. In the past year ETN has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 15.2%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for ETN is 25.13 vs. an industry ratio of 15.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Marriott International (MAR)is reporting for the quarter ending June 30, 2021. The hotel company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.43. This value represents a 167.19% increase compared to the same quarter last year. MAR missed the consensus earnings per share in the 2nd calendar quarter of 2020 by -45.45%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for MAR is 61.34 vs. an industry ratio of -3.10, implying that they will have a higher earnings growth than their competitors in the same industry.
L3Harris Technologies, Inc. (LHX)is reporting for the quarter ending June 30, 2021. The aerospace and defense company's consensus earnings per share forecast from the 8 analysts that follow the stock is $3.17. This value represents a 12.01% increase compared to the same quarter last year. In the past year LHX has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 8.9%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for LHX is 17.45 vs. an industry ratio of -9.90, implying that they will have a higher earnings growth than their competitors in the same industry.
DuPont de Nemours, Inc. (DD)is reporting for the quarter ending June 30, 2021. The chemical company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.94. This value represents a 34.29% increase compared to the same quarter last year. In the past year DD has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 18.18%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for DD is 19.70 vs. an industry ratio of 12.90, implying that they will have a higher earnings growth than their competitors in the same industry.
KKR & Co. Inc. (KKR)is reporting for the quarter ending June 30, 2021. The finance/investment management company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.83. This value represents a 112.82% increase compared to the same quarter last year. In the past year KKR has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 20.97%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for KKR is 21.47 vs. an industry ratio of 13.80, implying that they will have a higher earnings growth than their competitors in the same industry.
Zimmer Biomet Holdings, Inc. (ZBH)is reporting for the quarter ending June 30, 2021. The medical products company's consensus earnings per share forecast from the 12 analysts that follow the stock is $1.84. This value represents a 3580.00% increase compared to the same quarter last year. In the past year ZBH has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 13.25%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for ZBH is 20.87 vs. an industry ratio of 11.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Cummins Inc. (CMI)is reporting for the quarter ending June 30, 2021. The engines company's consensus earnings per share forecast from the 9 analysts that follow the stock is $4.06. This value represents a 108.21% increase compared to the same quarter last year. In the past year CMI has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 16.76%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for CMI is 14.32 vs. an industry ratio of 12.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Phillips 66 (PSX)is reporting for the quarter ending June 30, 2021. The oil refining company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.71. This value represents a 195.95% increase compared to the same quarter last year. PSX missed the consensus earnings per share in the 4th calendar quarter of 2020 by -6.42%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for PSX is 35.13 vs. an industry ratio of -142.00, implying that they will have a higher earnings growth than their competitors in the same industry.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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DuPont de Nemours, Inc. (DD)is reporting for the quarter ending June 30, 2021. In the past year DD has beat the expectations every quarter. Zacks Investment Research reports that the 2021 Price to Earnings ratio for DD is 19.70 vs. an industry ratio of 12.90, implying that they will have a higher earnings growth than their competitors in the same industry.
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DuPont de Nemours, Inc. (DD)is reporting for the quarter ending June 30, 2021. In the past year DD has beat the expectations every quarter. Zacks Investment Research reports that the 2021 Price to Earnings ratio for DD is 19.70 vs. an industry ratio of 12.90, implying that they will have a higher earnings growth than their competitors in the same industry.
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DuPont de Nemours, Inc. (DD)is reporting for the quarter ending June 30, 2021. In the past year DD has beat the expectations every quarter. Zacks Investment Research reports that the 2021 Price to Earnings ratio for DD is 19.70 vs. an industry ratio of 12.90, implying that they will have a higher earnings growth than their competitors in the same industry.
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DuPont de Nemours, Inc. (DD)is reporting for the quarter ending June 30, 2021. In the past year DD has beat the expectations every quarter. Zacks Investment Research reports that the 2021 Price to Earnings ratio for DD is 19.70 vs. an industry ratio of 12.90, implying that they will have a higher earnings growth than their competitors in the same industry.
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20beef2c-2a05-454f-bf31-882cc9d08e70
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716145.0
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2021-07-29 00:00:00 UTC
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Interesting DD Put And Call Options For September 10th
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DD
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https://www.nasdaq.com/articles/interesting-dd-put-and-call-options-for-september-10th-2021-07-29
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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 September 10th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new September 10th contracts and identified one put and one call contract of particular interest.
The put contract at the $71.00 strike price has a current bid of 56 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $71.00, but will also collect the premium, putting the cost basis of the shares at $70.44 (before broker commissions). To an investor already interested in purchasing shares of DD, that could represent an attractive alternative to paying $75.03/share today.
Because the $71.00 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 71%. 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 0.79% return on the cash commitment, or 6.70% 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 $71.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $76.00 strike price has a current bid of 86 cents. If an investor was to purchase shares of DD stock at the current price level of $75.03/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $76.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 2.44% if the stock gets called away at the September 10th 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 $76.00 strike highlighted in red:
Considering the fact that the $76.00 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 53%. 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 1.15% boost of extra return to the investor, or 9.73% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 44%, while the implied volatility in the call contract example is 40%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $75.03) 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 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $76.00 strike highlighted in red: Considering the fact that the $76.00 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 September 10th expiration.
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The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 71%. Below is a chart showing DD's trailing twelve month trading history, with the $76.00 strike highlighted in red: Considering the fact that the $76.00 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 53%.
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Below is a chart showing DD's trailing twelve month trading history, with the $76.00 strike highlighted in red: Considering the fact that the $76.00 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). Investors in DuPont (Symbol: DD) saw new options become available today, for the September 10th expiration.
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At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new September 10th contracts and identified one put and one call contract of particular interest. Below is a chart showing DD's trailing twelve month trading history, with the $76.00 strike highlighted in red: Considering the fact that the $76.00 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 September 10th expiration.
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de0d24ed-5cc4-4f37-9fea-d1d72d865e13
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716146.0
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2021-07-27 00:00:00 UTC
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Ex-Dividend Reminder: DuPont, DCP Midstream and Plains All American Pipeline
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DD
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https://www.nasdaq.com/articles/ex-dividend-reminder%3A-dupont-dcp-midstream-and-plains-all-american-pipeline-2021-07-27
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nan
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nan
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Looking at the universe of stocks we cover at Dividend Channel, on 7/29/21, DuPont (Symbol: DD), DCP Midstream LP (Symbol: DCP), and Plains All American Pipeline LP (Symbol: PAA) will all trade ex-dividend for their respective upcoming dividends. DuPont will pay its quarterly dividend of $0.30 on 9/15/21, DCP Midstream LP will pay its quarterly dividend of $0.39 on 8/13/21, and Plains All American Pipeline LP will pay its quarterly dividend of $0.18 on 8/13/21. As a percentage of DD's recent stock price of $73.27, this dividend works out to approximately 0.41%, so look for shares of DuPont to trade 0.41% lower — all else being equal — when DD shares open for trading on 7/29/21. Similarly, investors should look for DCP to open 1.39% lower in price and for PAA to open 1.75% lower, all else being equal.
Below are dividend history charts for DD, DCP, and PAA, showing historical dividends prior to the most recent ones declared.
DuPont (Symbol: DD):
DCP Midstream LP (Symbol: DCP):
Plains All American Pipeline LP (Symbol: PAA):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 1.64% for DuPont, 5.57% for DCP Midstream LP, and 7.00% for Plains All American Pipeline LP.
In Tuesday trading, DuPont shares are currently down about 1.9%, DCP Midstream LP shares are off about 1.5%, and Plains All American Pipeline LP shares are off about 1.8% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Looking at the universe of stocks we cover at Dividend Channel, on 7/29/21, DuPont (Symbol: DD), DCP Midstream LP (Symbol: DCP), and Plains All American Pipeline LP (Symbol: PAA) will all trade ex-dividend for their respective upcoming dividends. As a percentage of DD's recent stock price of $73.27, this dividend works out to approximately 0.41%, so look for shares of DuPont to trade 0.41% lower — all else being equal — when DD shares open for trading on 7/29/21. Below are dividend history charts for DD, DCP, and PAA, showing historical dividends prior to the most recent ones declared.
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Looking at the universe of stocks we cover at Dividend Channel, on 7/29/21, DuPont (Symbol: DD), DCP Midstream LP (Symbol: DCP), and Plains All American Pipeline LP (Symbol: PAA) will all trade ex-dividend for their respective upcoming dividends. DuPont (Symbol: DD): DCP Midstream LP (Symbol: DCP): Plains All American Pipeline LP (Symbol: PAA): In general, dividends are not always predictable, following the ups and downs of company profits over time. As a percentage of DD's recent stock price of $73.27, this dividend works out to approximately 0.41%, so look for shares of DuPont to trade 0.41% lower — all else being equal — when DD shares open for trading on 7/29/21.
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Looking at the universe of stocks we cover at Dividend Channel, on 7/29/21, DuPont (Symbol: DD), DCP Midstream LP (Symbol: DCP), and Plains All American Pipeline LP (Symbol: PAA) will all trade ex-dividend for their respective upcoming dividends. DuPont (Symbol: DD): DCP Midstream LP (Symbol: DCP): Plains All American Pipeline LP (Symbol: PAA): In general, dividends are not always predictable, following the ups and downs of company profits over time. As a percentage of DD's recent stock price of $73.27, this dividend works out to approximately 0.41%, so look for shares of DuPont to trade 0.41% lower — all else being equal — when DD shares open for trading on 7/29/21.
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Looking at the universe of stocks we cover at Dividend Channel, on 7/29/21, DuPont (Symbol: DD), DCP Midstream LP (Symbol: DCP), and Plains All American Pipeline LP (Symbol: PAA) will all trade ex-dividend for their respective upcoming dividends. As a percentage of DD's recent stock price of $73.27, this dividend works out to approximately 0.41%, so look for shares of DuPont to trade 0.41% lower — all else being equal — when DD shares open for trading on 7/29/21. Below are dividend history charts for DD, DCP, and PAA, showing historical dividends prior to the most recent ones declared.
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7fdc2b8f-597c-4652-9cf9-a5aab7822b38
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716147.0
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2021-07-26 00:00:00 UTC
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Wall Street enforcement to get tougher as SEC's new top cop gets to work
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DD
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https://www.nasdaq.com/articles/wall-street-enforcement-to-get-tougher-as-secs-new-top-cop-gets-to-work-2021-07-26
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nan
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nan
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By Chris Prentice
WASHINGTON, July 26 (Reuters) - When former New Jersey Attorney General Gurbir Grewal starts work at the U.S. Securities and Exchange Commission (SEC) on Monday, he will be the agency's first incoming enforcement director without recent ties to corporate America since 2005.
For two decades, the Wall Street watchdog has largely drawn its top enforcement cops from the white-collar defense attorneys bar, which critics say creates conflicts of interest that deter officials from properly punishing misconduct.
Grewal, 48, landed the role running the 1,300-person SEC unit after predecessor Alex Oh quit days into the job due to issues related to her private practice work. Progressives, including non-profit the Revolving Door Project, pushed for her ouster, in a political fracas that will put pressure on Grewal to deliver results.
"Grewal's background is very encouraging," said Eleanor Eagan with the Revolving Door Project. "We will be watching."
The first Sikh-American attorney general, Grewal became New Jersey's chief law enforcement officer in 2018. Other than two stints in private practice, he has spent the majority of his career as a federal prosecutor in Brooklyn and New Jersey, and as chief prosecutor for Bergen County.
While best-known for his work targeting police brutality and Trump administration policies, Grewal has prosecuted or overseen a slew of financial crime cases.
"Gurbir has risen so far so fast people forget he's a real white-collar lawyer," said Zach Intrater, a former federal prosecutor who pursued white collar crimes alongside Grewal including a $200-million Ponzi scheme.
As chief of New Jersey's economic crimes unit from 2014 to 2016, Grewal pored over bank transaction reports to dig up cases, said Intrater.
"He has real chops in this area," he added.
'20-HOUR-A-DAY GUY'
Grewal declined to be interviewed, but ten former colleagues and lawyers familiar with his work told Reuters he is known to be exceptionally well-prepared in court, undaunted by challenging cases, and dogged.
"Gurbir enjoys a reputation as being a 20-hour-a-day guy," said John Carney, who ran the same economic crimes unit from 2002-2005.
Tough enforcement is a priority for Democrats who say the Trump administration was soft on Wall Street. Under Trump, the SEC focused much more on smaller-scale fraud instead of big corporations, according to Georgetown law professor Urska Velikonja.
In contrast, the sources said, Grewal will be willing to pursue big companies and challenge them in court rather than settling for a fine, a common practice which Democrats say doesn't deter corporate wrongdoing.
"As a career prosecutor accustomed to the courtroom, he won’t be afraid to aggressively push matters to trial," said Carney.
As New Jersey Attorney General, Grewal sued major companies including ExxonMobil Corp XOM.N, DuPont DD.N and Unilever ULVR.L as part of an environmental justice initiative.
According to Paul Fishman, a former federal prosecutor who hired Grewal in 2010, he is also willing to pursue complex technology-based cases which are on the rise as prosecutors lean more on data analysis and target fintech firms and cyber crimes.
Grewal has overseen hundreds of cryptocurrency investigations and in 2015 prosecuted hackers who sold inside information stolen from corporate press releases.
Still, taking on big businesses is notoriously risky. Last month, the Supreme Court sided against Grewal when he tried to stop energy companies using state land.
Some question whether Grewal has enough securities law expertise to take on big, complex cases.
"It is a highly technical area of law and it's going to be a learning curve," said Erik Gerding, a University of Colorado law professor.
Former colleagues said Grewal is measured and unlikely to bite off more than he can chew.
"Gurbir is someone who will look to hold decision-makers in companies accountable, but also understands the investing public wins when justice is served," said Craig Carpenito, former U.S. Attorney for New Jersey, who has worked with Grewal.
"Sometimes that means walking away from a case when you don't have it."
'THICK SKIN'
Grewal joins an SEC already ramping up enforcement.
Acting chair Allison Lee earlier this year gave senior enforcement staff power to open probes which had been stripped from them by the previous leadership.
She also reversed a 2019 policy that critics said made it too easy for companies to continue doing business as usual once they entered settlement negotiations.
SEC chair Gary Gensler has also pledged to aggressively pursue individuals and companies for misconduct.
"This isn't going to be an SEC with a lot of fear," said Intrater.
The son of Indian immigrants, Grewal said he moved into government as result of the September 11, 2001, attacks.
"I began to think folks didn't understand that you could look different and still love and serve this country, so that was my trigger," Grewal said at a 2020 Montclair State University commencement.
As state attorney general, his agenda generally leaned left. His initiative to publish incidents of police violence and overhaul use-of-force policies won praise from the American Civil Liberties Union, but drew criticism from some law enforcement advocates.
He sued the Trump administration over environmental rollbacks and fought its immigration policies. And as Bergen County prosecutor and later as attorney general, Grewal fought towns' restrictions on religious observance by Jewish communities.
He has spoken candidly about his own experiences of racism, telling PBS in 2018: "I've developed thick skin throughout my career."
Hackers stole secrets for up to $100 million insider-trading profit: U.S.https://www.reuters.com/article/us-cybercybersecurity-hacking-stocks-arr/hackers-stole-secrets-for-up-to-100-million-insider-trading-profit-u-s-idUSKCN0QG1EY20150812
IN BRIEF: N.J. AG files 12 more lawsuits in pursuit of 'environmental justice'https://www.reuters.com/article/usa-environment-lawsuit/in-brief-n-j-ag-files-12-more-lawsuits-in-pursuit-of-environmental-justice-idUSL1N2FU00Xscotus
U.S. SEC taps New Jersey attorney general to head enforcement unithttps://www.reuters.com/legal/litigation/us-sec-taps-new-jersey-attorney-general-head-enforcement-unit-2021-06-29/
New Jersey loses at U.S. Supreme Court in bid to stop pipelinehttps://www.reuters.com/legal/government/us-supreme-court-backs-pipeline-companies-new-jersey-land-dispute-2021-06-29/
(Reporting by Chris Prentice; Editing by Michelle Price and Nick Zieminski)
((christine.prentice@thomsonreuters.com; +1 (202) 843-6464;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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"He has real chops in this area," he added. As New Jersey Attorney General, Grewal sued major companies including ExxonMobil Corp XOM.N, DuPont DD.N and Unilever ULVR.L as part of an environmental justice initiative. By Chris Prentice WASHINGTON, July 26 (Reuters) - When former New Jersey Attorney General Gurbir Grewal starts work at the U.S. Securities and Exchange Commission (SEC) on Monday, he will be the agency's first incoming enforcement director without recent ties to corporate America since 2005.
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As New Jersey Attorney General, Grewal sued major companies including ExxonMobil Corp XOM.N, DuPont DD.N and Unilever ULVR.L as part of an environmental justice initiative. "He has real chops in this area," he added. While best-known for his work targeting police brutality and Trump administration policies, Grewal has prosecuted or overseen a slew of financial crime cases.
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"He has real chops in this area," he added. As New Jersey Attorney General, Grewal sued major companies including ExxonMobil Corp XOM.N, DuPont DD.N and Unilever ULVR.L as part of an environmental justice initiative. By Chris Prentice WASHINGTON, July 26 (Reuters) - When former New Jersey Attorney General Gurbir Grewal starts work at the U.S. Securities and Exchange Commission (SEC) on Monday, he will be the agency's first incoming enforcement director without recent ties to corporate America since 2005.
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"He has real chops in this area," he added. As New Jersey Attorney General, Grewal sued major companies including ExxonMobil Corp XOM.N, DuPont DD.N and Unilever ULVR.L as part of an environmental justice initiative. The first Sikh-American attorney general, Grewal became New Jersey's chief law enforcement officer in 2018.
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b463a61a-9f56-49c0-bf65-36f1a9129bb5
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716148.0
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2021-07-24 00:00:00 UTC
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Don't Race Out To Buy DuPont de Nemours, Inc. (NYSE:DD) Just Because It's Going Ex-Dividend
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DD
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https://www.nasdaq.com/articles/dont-race-out-to-buy-dupont-de-nemours-inc.-nyse%3Add-just-because-its-going-ex-dividend
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nan
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nan
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It looks like DuPont de Nemours, Inc. (NYSE:DD) is about to go ex-dividend in the next 4 days. The ex-dividend date is usually set to be one business day before the record date which is the cut-off date on which you must be present on the company's books as a shareholder in order to receive the dividend. The ex-dividend date is important because any transaction on a stock needs to have been settled before the record date in order to be eligible for a dividend. Thus, you can purchase DuPont de Nemours' shares before the 29th of July in order to receive the dividend, which the company will pay on the 15th of September.
The company's upcoming dividend is US$0.30 a share, following on from the last 12 months, when the company distributed a total of US$1.20 per share to shareholders. Looking at the last 12 months of distributions, DuPont de Nemours has a trailing yield of approximately 1.6% on its current stock price of $74.22. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. So we need to investigate whether DuPont de Nemours can afford its dividend, and if the dividend could grow.
Dividends are typically paid out of company income, so if a company pays out more than it earned, its dividend is usually at a higher risk of being cut. DuPont de Nemours reported a loss last year, so it's not great to see that it has continued paying a dividend. With the recent loss, it's important to check if the business generated enough cash to pay its dividend. If cash earnings don't cover the dividend, the company would have to pay dividends out of cash in the bank, or by borrowing money, neither of which is long-term sustainable. It distributed 30% of its free cash flow as dividends, a comfortable payout level for most companies.
Click here to see the company's payout ratio, plus analyst estimates of its future dividends.
NYSE:DD Historic Dividend July 24th 2021
Have Earnings And Dividends Been Growing?
When earnings decline, dividend companies become much harder to analyse and own safely. If business enters a downturn and the dividend is cut, the company could see its value fall precipitously. DuPont de Nemours was unprofitable last year and, unfortunately, the general trend suggests its earnings have been in decline over the last five years, making us wonder if the dividend is sustainable at all.
The main way most investors will assess a company's dividend prospects is by checking the historical rate of dividend growth. DuPont de Nemours has seen its dividend decline 4.0% per annum on average over the past 10 years, which is not great to see. It's never nice to see earnings and dividends falling, but at least management has cut the dividend rather than potentially risk the company's health in an attempt to maintain it.
Final Takeaway
Should investors buy DuPont de Nemours for the upcoming dividend? It's hard to get used to DuPont de Nemours paying a dividend despite reporting a loss over the past year. At least the dividend was covered by free cash flow, however. Overall it doesn't look like the most suitable dividend stock for a long-term buy and hold investor.
Although, if you're still interested in DuPont de Nemours and want to know more, you'll find it very useful to know what risks this stock faces. Every company has risks, and we've spotted 3 warning signs for DuPont de Nemours (of which 1 makes us a bit uncomfortable!) you should know about.
We wouldn't recommend just buying the first dividend stock you see, though. Here's a list of interesting dividend stocks with a greater than 2% yield and an upcoming dividend.
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.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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It looks like DuPont de Nemours, Inc. (NYSE:DD) is about to go ex-dividend in the next 4 days. NYSE:DD Historic Dividend July 24th 2021 Have Earnings And Dividends Been Growing? Thus, you can purchase DuPont de Nemours' shares before the 29th of July in order to receive the dividend, which the company will pay on the 15th of September.
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NYSE:DD Historic Dividend July 24th 2021 Have Earnings And Dividends Been Growing? It looks like DuPont de Nemours, Inc. (NYSE:DD) is about to go ex-dividend in the next 4 days. Final Takeaway Should investors buy DuPont de Nemours for the upcoming dividend?
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It looks like DuPont de Nemours, Inc. (NYSE:DD) is about to go ex-dividend in the next 4 days. NYSE:DD Historic Dividend July 24th 2021 Have Earnings And Dividends Been Growing? So we need to investigate whether DuPont de Nemours can afford its dividend, and if the dividend could grow.
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It looks like DuPont de Nemours, Inc. (NYSE:DD) is about to go ex-dividend in the next 4 days. NYSE:DD Historic Dividend July 24th 2021 Have Earnings And Dividends Been Growing? Final Takeaway Should investors buy DuPont de Nemours for the upcoming dividend?
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b1236052-595d-4a37-afa0-d67c3bd7e39b
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716149.0
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2021-07-22 00:00:00 UTC
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September 3rd Options Now Available For DuPont (DD)
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DD
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https://www.nasdaq.com/articles/september-3rd-options-now-available-for-dupont-dd-2021-07-22
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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 September 3rd expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new September 3rd contracts and identified one put and one call contract of particular interest.
The put contract at the $73.00 strike price has a current bid of 72 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $73.00, but will also collect the premium, putting the cost basis of the shares at $72.28 (before broker commissions). To an investor already interested in purchasing shares of DD, that could represent an attractive alternative to paying $74.10/share today.
Because the $73.00 strike represents an approximate 1% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 57%. 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 0.99% return on the cash commitment, or 8.37% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for DuPont, and highlighting in green where the $73.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $75.00 strike price has a current bid of 48 cents. If an investor was to purchase shares of DD stock at the current price level of $74.10/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $75.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 1.86% if the stock gets called away at the September 3rd expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $75.00 strike highlighted in red:
Considering the fact that the $75.00 strike represents an approximate 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 53%. 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 0.65% boost of extra return to the investor, or 5.50% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 44%, while the implied volatility in the call contract example is 37%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $74.10) 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 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $75.00 strike highlighted in red: Considering the fact that the $75.00 strike represents an approximate 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 September 3rd expiration.
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The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 57%. Below is a chart showing DD's trailing twelve month trading history, with the $75.00 strike highlighted in red: Considering the fact that the $75.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 53%.
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Below is a chart showing DD's trailing twelve month trading history, with the $75.00 strike highlighted in red: Considering the fact that the $75.00 strike represents an approximate 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). Investors in DuPont (Symbol: DD) saw new options begin trading today, for the September 3rd expiration.
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At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new September 3rd contracts and identified one put and one call contract of particular interest. Below is a chart showing DD's trailing twelve month trading history, with the $75.00 strike highlighted in red: Considering the fact that the $75.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in DuPont (Symbol: DD) saw new options begin trading today, for the September 3rd expiration.
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60fbaf91-3091-444b-8b74-18a1c978139f
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716150.0
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2021-07-19 00:00:00 UTC
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Relative Strength Alert For DuPont
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DD
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https://www.nasdaq.com/articles/relative-strength-alert-for-dupont-2021-07-19
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nan
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nan
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The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. DuPont (Symbol: DD) presently has a stellar rank, in the top 10% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
But making DuPont an even more interesting and timely stock to look at, is the fact that in trading on Monday, shares of DD entered into oversold territory, changing hands as low as $72.85 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of DuPont, the RSI reading has hit 27.8 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 40.7. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, DD's recent annualized dividend of 1.2/share (currently paid in quarterly installments) works out to an annual yield of 1.57% based upon the recent $76.21 share price.
A bullish investor could look at DD's 27.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on DD is its dividend history. In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue.
Click here to find out what 9 other oversold dividend stocks you need to know about »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A bullish investor could look at DD's 27.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. DuPont (Symbol: DD) presently has a stellar rank, in the top 10% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making DuPont an even more interesting and timely stock to look at, is the fact that in trading on Monday, shares of DD entered into oversold territory, changing hands as low as $72.85 per share.
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Indeed, DD's recent annualized dividend of 1.2/share (currently paid in quarterly installments) works out to an annual yield of 1.57% based upon the recent $76.21 share price. DuPont (Symbol: DD) presently has a stellar rank, in the top 10% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making DuPont an even more interesting and timely stock to look at, is the fact that in trading on Monday, shares of DD entered into oversold territory, changing hands as low as $72.85 per share.
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Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on DD is its dividend history. DuPont (Symbol: DD) presently has a stellar rank, in the top 10% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making DuPont an even more interesting and timely stock to look at, is the fact that in trading on Monday, shares of DD entered into oversold territory, changing hands as low as $72.85 per share.
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Indeed, DD's recent annualized dividend of 1.2/share (currently paid in quarterly installments) works out to an annual yield of 1.57% based upon the recent $76.21 share price. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on DD is its dividend history. DuPont (Symbol: DD) presently has a stellar rank, in the top 10% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
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6f292477-2f6a-42e0-9203-e0ed89d48485
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716151.0
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2021-07-19 00:00:00 UTC
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DD Crosses Below Key Moving Average Level
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DD
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https://www.nasdaq.com/articles/dd-crosses-below-key-moving-average-level-2021-07-19
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nan
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nan
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In trading on Monday, shares of DuPont (Symbol: DD) crossed below their 200 day moving average of $73.10, changing hands as low as $72.85 per share. DuPont shares are currently trading off about 3.6% 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 $52.12 per share, with $87.27 as the 52 week high point — that compares with a last trade of $73.23. 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 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Monday, shares of DuPont (Symbol: DD) crossed below their 200 day moving average of $73.10, changing hands as low as $72.85 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 $52.12 per share, with $87.27 as the 52 week high point — that compares with a last trade of $73.23. 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 » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Monday, shares of DuPont (Symbol: DD) crossed below their 200 day moving average of $73.10, changing hands as low as $72.85 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 $52.12 per share, with $87.27 as the 52 week high point — that compares with a last trade of $73.23. 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 » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Monday, shares of DuPont (Symbol: DD) crossed below their 200 day moving average of $73.10, changing hands as low as $72.85 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 $52.12 per share, with $87.27 as the 52 week high point — that compares with a last trade of $73.23. 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 » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Monday, shares of DuPont (Symbol: DD) crossed below their 200 day moving average of $73.10, changing hands as low as $72.85 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 $52.12 per share, with $87.27 as the 52 week high point — that compares with a last trade of $73.23. 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 » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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dc2ebf43-ad56-48ef-bcbb-9ef2a538171a
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716152.0
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2021-07-19 00:00:00 UTC
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Implied UYM Analyst Target Price: $100
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DD
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https://www.nasdaq.com/articles/implied-uym-analyst-target-price%3A-%24100-2021-07-19
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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 ProShares Ultra Basic Materials ETF (Symbol: UYM), we found that the implied analyst target price for the ETF based upon its underlying holdings is $99.88 per unit.
With UYM trading at a recent price near $90.07 per unit, that means that analysts see 10.89% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of UYM's underlying holdings with notable upside to their analyst target prices are Westlake Chemical Corp (Symbol: WLK), DuPont de Nemours Inc (Symbol: DD), and Valvoline Inc (Symbol: VVV). Although WLK has traded at a recent price of $83.30/share, the average analyst target is 16.81% higher at $97.30/share. Similarly, DD has 13.05% upside from the recent share price of $76.21 if the average analyst target price of $86.15/share is reached, and analysts on average are expecting VVV to reach a target price of $34.33/share, which is 12.90% above the recent price of $30.41. Below is a twelve month price history chart comparing the stock performance of WLK, DD, and VVV:
Combined, WLK, DD, and VVV represent 5.28% of the ProShares Ultra Basic Materials ETF. 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
ProShares Ultra Basic Materials ETF UYM $90.07 $99.88 10.89%
Westlake Chemical Corp WLK $83.30 $97.30 16.81%
DuPont de Nemours Inc DD $76.21 $86.15 13.05%
Valvoline Inc VVV $30.41 $34.33 12.90%
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 »
The views and 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 a twelve month price history chart comparing the stock performance of WLK, DD, and VVV: Combined, WLK, DD, and VVV represent 5.28% of the ProShares Ultra Basic Materials ETF. ProShares Ultra Basic Materials ETF UYM $90.07 $99.88 10.89% Westlake Chemical Corp WLK $83.30 $97.30 16.81% DuPont de Nemours Inc DD $76.21 $86.15 13.05% Valvoline Inc VVV $30.41 $34.33 12.90% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of UYM's underlying holdings with notable upside to their analyst target prices are Westlake Chemical Corp (Symbol: WLK), DuPont de Nemours Inc (Symbol: DD), and Valvoline Inc (Symbol: VVV).
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Three of UYM's underlying holdings with notable upside to their analyst target prices are Westlake Chemical Corp (Symbol: WLK), DuPont de Nemours Inc (Symbol: DD), and Valvoline Inc (Symbol: VVV). Below is a twelve month price history chart comparing the stock performance of WLK, DD, and VVV: Combined, WLK, DD, and VVV represent 5.28% of the ProShares Ultra Basic Materials ETF. ProShares Ultra Basic Materials ETF UYM $90.07 $99.88 10.89% Westlake Chemical Corp WLK $83.30 $97.30 16.81% DuPont de Nemours Inc DD $76.21 $86.15 13.05% Valvoline Inc VVV $30.41 $34.33 12.90% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now?
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Similarly, DD has 13.05% upside from the recent share price of $76.21 if the average analyst target price of $86.15/share is reached, and analysts on average are expecting VVV to reach a target price of $34.33/share, which is 12.90% above the recent price of $30.41. Three of UYM's underlying holdings with notable upside to their analyst target prices are Westlake Chemical Corp (Symbol: WLK), DuPont de Nemours Inc (Symbol: DD), and Valvoline Inc (Symbol: VVV). Below is a twelve month price history chart comparing the stock performance of WLK, DD, and VVV: Combined, WLK, DD, and VVV represent 5.28% of the ProShares Ultra Basic Materials ETF.
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Three of UYM's underlying holdings with notable upside to their analyst target prices are Westlake Chemical Corp (Symbol: WLK), DuPont de Nemours Inc (Symbol: DD), and Valvoline Inc (Symbol: VVV). Similarly, DD has 13.05% upside from the recent share price of $76.21 if the average analyst target price of $86.15/share is reached, and analysts on average are expecting VVV to reach a target price of $34.33/share, which is 12.90% above the recent price of $30.41. Below is a twelve month price history chart comparing the stock performance of WLK, DD, and VVV: Combined, WLK, DD, and VVV represent 5.28% of the ProShares Ultra Basic Materials ETF.
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f31dfb1b-1b15-4532-b323-cc4894670ad3
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716153.0
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2021-07-05 00:00:00 UTC
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Are Institutions Heavily Invested In DuPont de Nemours, Inc.'s (NYSE:DD) Shares?
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DD
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https://www.nasdaq.com/articles/are-institutions-heavily-invested-in-dupont-de-nemours-inc.s-nyse%3Add-shares-2021-07-05
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nan
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nan
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The big shareholder groups in DuPont de Nemours, Inc. (NYSE:DD) have power over the company. Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. Companies that used to be publicly owned tend to have lower insider ownership.
DuPont de Nemours is a pretty big company. It has a market capitalization of US$42b. Normally institutions would own a significant portion of a company this size. In the chart below, we can see that institutional investors have bought into the company. We can zoom in on the different ownership groups, to learn more about DuPont de Nemours.
NYSE:DD Ownership Breakdown July 5th 2021
What Does The Institutional Ownership Tell Us About DuPont de Nemours?
Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index.
As you can see, institutional investors have a fair amount of stake in DuPont de Nemours. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of DuPont de Nemours, (below). Of course, keep in mind that there are other factors to consider, too.
NYSE:DD Earnings and Revenue Growth July 5th 2021
Investors should note that institutions actually own more than half the company, so they can collectively wield significant power. Hedge funds don't have many shares in DuPont de Nemours. The company's largest shareholder is The Vanguard Group, Inc., with ownership of 8.1%. BlackRock, Inc. is the second largest shareholder owning 6.8% of common stock, and State Street Global Advisors, Inc. holds about 5.2% of the company stock.
Our studies suggest that the top 25 shareholders collectively control less than half of the company's shares, meaning that the company's shares are widely disseminated and there is no dominant shareholder.
While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. Quite a few analysts cover the stock, so you could look into forecast growth quite easily.
Insider Ownership Of DuPont de Nemours
The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.
Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.
Our most recent data indicates that insiders own less than 1% of DuPont de Nemours, Inc.. Being so large, we would not expect insiders to own a large proportion of the stock. Collectively, they own US$61m of stock. It is always good to see at least some insider ownership, but it might be worth checking if those insiders have been selling.
General Public Ownership
With a 26% ownership, the general public have some degree of sway over DuPont de Nemours. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders.
Next Steps:
While it is well worth considering the different groups that own a company, there are other factors that are even more important. Consider for instance, the ever-present spectre of investment risk. We've identified 3 warning signs with DuPont de Nemours (at least 1 which is a bit unpleasant) , and understanding them should be part of your investment process.
But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future.
NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.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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NYSE:DD Earnings and Revenue Growth July 5th 2021 Investors should note that institutions actually own more than half the company, so they can collectively wield significant power. The big shareholder groups in DuPont de Nemours, Inc. (NYSE:DD) have power over the company. NYSE:DD Ownership Breakdown July 5th 2021 What Does The Institutional Ownership Tell Us About DuPont de Nemours?
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The big shareholder groups in DuPont de Nemours, Inc. (NYSE:DD) have power over the company. NYSE:DD Earnings and Revenue Growth July 5th 2021 Investors should note that institutions actually own more than half the company, so they can collectively wield significant power. NYSE:DD Ownership Breakdown July 5th 2021 What Does The Institutional Ownership Tell Us About DuPont de Nemours?
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The big shareholder groups in DuPont de Nemours, Inc. (NYSE:DD) have power over the company. NYSE:DD Ownership Breakdown July 5th 2021 What Does The Institutional Ownership Tell Us About DuPont de Nemours? NYSE:DD Earnings and Revenue Growth July 5th 2021 Investors should note that institutions actually own more than half the company, so they can collectively wield significant power.
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The big shareholder groups in DuPont de Nemours, Inc. (NYSE:DD) have power over the company. NYSE:DD Ownership Breakdown July 5th 2021 What Does The Institutional Ownership Tell Us About DuPont de Nemours? NYSE:DD Earnings and Revenue Growth July 5th 2021 Investors should note that institutions actually own more than half the company, so they can collectively wield significant power.
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2992d488-75f6-4c4b-995d-d63b29db00c9
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716154.0
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2021-07-01 00:00:00 UTC
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August 13th Options Now Available For DuPont (DD)
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DD
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https://www.nasdaq.com/articles/august-13th-options-now-available-for-dupont-dd-2021-07-01
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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 13th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new August 13th contracts and identified one put and one call contract of particular interest.
The put contract at the $72.50 strike price has a current bid of 22 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $72.50, but will also collect the premium, putting the cost basis of the shares at $72.28 (before broker commissions). To an investor already interested in purchasing shares of DD, that could represent an attractive alternative to paying $78.25/share today.
Because the $72.50 strike represents an approximate 7% 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 78%. 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 0.30% return on the cash commitment, or 2.58% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for DuPont, and highlighting in green where the $72.50 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $79.00 strike price has a current bid of 49 cents. If an investor was to purchase shares of DD stock at the current price level of $78.25/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $79.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 1.58% if the stock gets called away at the August 13th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $79.00 strike highlighted in red:
Considering the fact that the $79.00 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 52%. 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 0.63% boost of extra return to the investor, or 5.32% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 49%, while the implied volatility in the call contract example is 31%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $78.25) 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 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $79.00 strike highlighted in red: Considering the fact that the $79.00 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 13th expiration.
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The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 78%. Below is a chart showing DD's trailing twelve month trading history, with the $79.00 strike highlighted in red: Considering the fact that the $79.00 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 52%.
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Below is a chart showing DD's trailing twelve month trading history, with the $79.00 strike highlighted in red: Considering the fact that the $79.00 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). Investors in DuPont (Symbol: DD) saw new options begin trading today, for the August 13th expiration.
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At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new August 13th contracts and identified one put and one call contract of particular interest. Below is a chart showing DD's trailing twelve month trading history, with the $79.00 strike highlighted in red: Considering the fact that the $79.00 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 13th expiration.
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10b298e3-3383-4ec7-bc49-d8dbdd752cf0
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716155.0
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2021-06-24 00:00:00 UTC
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August 6th Options Now Available For DuPont (DD)
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DD
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https://www.nasdaq.com/articles/august-6th-options-now-available-for-dupont-dd-2021-06-24
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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 6th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new August 6th 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 18 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $70.00, but will also collect the premium, putting the cost basis of the shares at $69.82 (before broker commissions). To an investor already interested in purchasing shares of DD, that could represent an attractive alternative to paying $76.61/share today.
Because the $70.00 strike represents an approximate 9% 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 81%. 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 0.26% return on the cash commitment, or 2.18% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for DuPont, and highlighting in green where the $70.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $82.00 strike price has a current bid of 10 cents. If an investor was to purchase shares of DD stock at the current price level of $76.61/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $82.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 7.17% if the stock gets called away at the August 6th 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 $82.00 strike highlighted in red:
Considering the fact that the $82.00 strike represents an approximate 7% 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 72%. 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 0.13% boost of extra return to the investor, or 1.11% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 49%, while the implied volatility in the call contract example is 42%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $76.61) 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 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $82.00 strike highlighted in red: Considering the fact that the $82.00 strike represents an approximate 7% 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 6th expiration.
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The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 81%. Below is a chart showing DD's trailing twelve month trading history, with the $82.00 strike highlighted in red: Considering the fact that the $82.00 strike represents an approximate 7% 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 72%.
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Below is a chart showing DD's trailing twelve month trading history, with the $82.00 strike highlighted in red: Considering the fact that the $82.00 strike represents an approximate 7% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Investors in DuPont (Symbol: DD) saw new options become available today, for the August 6th expiration.
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At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new August 6th contracts and identified one put and one call contract of particular interest. Below is a chart showing DD's trailing twelve month trading history, with the $82.00 strike highlighted in red: Considering the fact that the $82.00 strike represents an approximate 7% 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 6th expiration.
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aa032726-408e-44ec-8ba3-0ef6f4cce4c0
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716156.0
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2021-06-22 00:00:00 UTC
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What's Next For Corning Stock After A 10% Fall Last Week?
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DD
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https://www.nasdaq.com/articles/whats-next-for-corning-stock-after-a-10-fall-last-week-2021-06-23
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nan
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nan
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[Updated: 6/21/2021] Corning Stock Decline
The stock price of Corning (NYSE:GLW) has seen a 10% drop over the last five trading days. While there was no company-specific announcement, the industrial stocks at large saw a sell-off last week, with the S&P 500 Industrial index down nearly 4%. The broader sell-off in the markets can be attributed to investor concerns over the rate hikes in the U.S. to come in sooner than earlier anticipated, and that it will have an adverse impact on the overall economic growth. Furthermore, the dollar has appreciated over the last week or so, and this does not bode well for the U.S. based industrial companies, including Corning, who are exporters, with 70% of its sales coming from outside the U.S., and a stronger dollar will make their goods more expensive for buyers based outside of the U.S.
Now that Corning stock has fallen 10% in just five days, will it resume its downward trajectory over the coming weeks, or is a rise in the stock imminent? According to the Trefis Machine Learning Engine, which identifies trends in the company’s stock price data, returns for Corning stock average nearly 4% in the next one-month (21 trading days) period after experiencing a 10% drop over the previous week (five trading days). Also, while the concerns over rising interest rates and currency makes sense, it should be noted that as of now the dollar index is still below its last year’s levels and it is also down from the levels it was at toward the end of Q1 2021, implying that there is really no need to panic, and long-term investors should use these dips to buy GLW stock for better returns.
But how would these numbers change if you are interested in holding GLW stock for a shorter or a longer time period? You can test the answer and many other combinations on the Trefis Machine Learning Engine to test Corning stock chances of a rise after a fall. You can test the chance of recovery over different time intervals of a quarter, month, or even just one day!
Some Fun Scenarios, FAQs & Making Sense of Corning Stock Movements:
Question 1: Is the average return for Corning stock higher after a drop?
Answer: Consider two situations,
Case 1: Corning stock drops by -5% or more in a week
Case 2: Corning stock rises by 5% or more in a week
Is the average return for Corning stock higher over the subsequent month after Case 1 or Case 2?
GLW stock fares better after Case 1, with an average return of 2.1% over the next month (21 trading days) under Case 1 (where the stock has just suffered a 5% loss over the previous week), versus, an average return of 1.3% for Case 2.
In comparison, the S&P 500 has an average return of 3.1% over the next 21 trading days under Case 1, and an average return of just 0.5% for Case 2 as detailed in our dashboard that details the average return for the S&P 500 after a fall or rise.
Try the Trefis machine learning engine above to see for yourself how Corning stock is likely to behave after any specific gain or loss over a period.
Question 2: Does patience pay?
Answer: If you buy and hold Corning stock, the expectation is over time the near-term fluctuations will cancel out, and the long-term positive trend will favor you – at least if the company is otherwise strong.
Overall, according to data and Trefis machine learning engine’s calculations, patience absolutely pays for most stocks!
For GLW stock, the returns over the next N days after a -5% change over the last 5 trading days is detailed in the table below, along with the returns for the S&P500:
You can try the engine to see what this table looks like for Corning after a larger loss over the last week, month, or quarter.
Question 3: What about the average return after a rise if you wait for a while?
Answer: The average return after a rise is understandably lower than after a fall as detailed in the previous question. Interestingly, though, if a stock has gained over the last few days, you would do better to avoid short-term bets for most stocks – although GLW stock appears to be an exception to this general observation.
It’s pretty powerful to test the trend for yourself for Corning stock by changing the inputs in the charts above.
[Updated: 5/14/2021] Corning Update
The stock price of Corning (NYSE:GLW) has corrected 4.8% over the last five trading sessions, and the dip appears to be a good buying opportunity in our view. Not only did the company post an upbeat performance in Q1, it has seen multiple positive developments of late. Earlier this week, Apple Inc. (NASDAQ:AAPL) announced a $45 million investment in Corning to enhance the company’s manufacturing capacity in the U.S. Corning provides the glass used in iPhone and Apple Watch, and this is not the first time Apple has invested in Corning. Apple’s Advanced Manufacturing Fund has awarded Corning $450 million over the past four years.
Other than mobile glass, Corning has been innovating its display technologies business, and earlier this week it announced the opening of a new Gen 10.5 liquid crystal display (LCD) glass substrate manufacturing facility in Wuhan, China. This new facility is aimed at high-volume production, and it will allow Corning to deliver Gen 10.5 glass substrates, measuring as much as 3 meters wide by 3 meters high, that can be used to produce large-size display panels.
Now that over 46% of the U.S. population has received at least one shot of the Covid-19 vaccine, it is expected that the U.S. economic growth will pick up pace. This will result in increased demand for the company’s other businesses, such as optical fiber. Corning is also making the glass vials for Covid-19 vaccines, and it has doubled its vial production in Q1 2021 over Q4 2020. The company has already delivered Valor Glass vials for millions of Covid-19 vaccine doses, and it also expanded its contract with the federal government.
Overall, Apple’s continued commitment in Corning, the company’s new facility at Wuhan, a very high demand for vaccine vials, and gradual opening up of the global economies, these all point toward strong growth for Corning’s business going forward. So, why did the stock decline over the last five trading sessions? Well, it can largely be attributed to a broader sell-off in the market, owing to higher inflation numbers in the U.S. The U.S. consumer prices jumped sharply due to a surge in demand, as the economy reopened. That said, going by the factors discussed above, and based on our machine learning analysis of trends in the stock price over the last few years, we believe that there is a higher chance of a rise in GLW stock over the next month (twenty-one trading days).
Out of 275 instances in the last ten years that Corning stock saw a five-day decline of 4% or more, 159 of them resulted in GLW stock rising over the subsequent one month period (21 trading days). This historical pattern reflects 159 out of 275, or about a 58% chance of gain in GLW stock over the coming month. See our analysis on Corning Stock Chances of Rise for more details.
[Updated: 4/23/2021] Corning Q1 Earnings Preview
Corning stock (NYSE: GLW) is scheduled to report its Q1 2021 results on Tuesday, April 27. We expect Corning to likely post revenue and earnings slightly below the street expectations. The revenues are expected to trend higher led by improved demand for its optical fiber as well as premium glass business. The company expects glass supply to remain stressed, translating into a better pricing environment for Corning. We expect the company to navigate well through the quarter based on these trends.
However, much of the positives appear to be priced in the current value of GLW stock. Our forecast indicates that Corning’s valuation is around $46 per share, which is in-line with the current market price. Our interactive dashboard analysis on Corning’s Pre-Earnings has additional details.
(1) Revenues expected to be slightly below the consensus estimates
Trefis estimates Corning’s Q1 2021 revenues to be around $3.10 Bil, slightly below the $3.13 Bil consensus estimate. The gradual opening up of economies and vaccination programs in the U.S. has resulted in a pickup in economic activities, and this should bode well for Corning’s businesses. The company will likely see increased demand for optical fiber amid 5G expansion. The company is also expected to see market share gains in Europe and China, especially for its gasoline particulate filters. Despite a challenging year, the company managed to grow its gasoline particulate filter sales in 2020, as Europe and China focus on new emission regulations. Looking back at Q4 2020, Corning’s revenues grew 17% y-o-y and 11% sequentially to $3.3 Bil, with this led by strong growth for specialty materials and environmental technologies businesses, a trend expected to continue in the near term as well. Our dashboard on Corning’s Revenues offers more details on the company’s segments.
2) EPS also likely to be below the consensus estimates
Corning’s Q1 2021 earnings per share (EPS) is expected to be $0.42 per Trefis analysis, slightly below the consensus estimate of $0.43. Corning’s adjusted net income of $462 million in Q4 2020 reflected a 14% rise from its $406 million figure in the prior-year quarter. This can be attributed to higher revenues, a modest decline in net margins, and a modest rise in total shares outstanding. That said, the margins are improving going forward, led by a continued strong pricing environment. For the full-year 2021, we expect the EPS to be $2.00 compared to $1.38 in 2020.
(3) All positives priced in the current stock value of $46 per share
Going by our Corning’s Valuation, with an adjusted EPS estimate of around $2.00 and a P/E multiple of around 23x in 2021, this translates into a price of $46, which is in-line with the current market price. The company’s P/E multiple (based on adjusted earnings) has already expanded from around 16x in 2018 and 2019 to 23x currently, and we don’t expect any meaningful growth in the multiple in the near term.
To sum it up, although the pandemic weighed on some of Corning’s businesses in 2020, we believe that a rebound seen in demand over the recent quarters will likely continue in 2021, bolstering the company’s top-line growth, while better pricing will translate into margin expansion. That said, we don’t see any meaningful appreciation in GLW stock in the near term, given its strong 2.5x rally over the last one year or so.
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 may be fully valued, 2020 has created many pricing discontinuities which can offer attractive trading opportunities. For example, you’ll be surprised how counter-intuitive the stock valuation is for Canadian Pacific Railway vs. D R Horton.
See all Trefis Price Estimates and Download Trefis Data here
What’s behind Trefis? See How It’s Powering New Collaboration and What-Ifs For CFOs and Finance Teams | Product, R&D, and Marketing Teams
The views and 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 on Corning’s Pre-Earnings has additional details. Answer: If you buy and hold Corning stock, the expectation is over time the near-term fluctuations will cancel out, and the long-term positive trend will favor you – at least if the company is otherwise strong. Looking back at Q4 2020, Corning’s revenues grew 17% y-o-y and 11% sequentially to $3.3 Bil, with this led by strong growth for specialty materials and environmental technologies businesses, a trend expected to continue in the near term as well.
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Our interactive dashboard analysis on Corning’s Pre-Earnings has additional details. According to the Trefis Machine Learning Engine, which identifies trends in the company’s stock price data, returns for Corning stock average nearly 4% in the next one-month (21 trading days) period after experiencing a 10% drop over the previous week (five trading days). Other than mobile glass, Corning has been innovating its display technologies business, and earlier this week it announced the opening of a new Gen 10.5 liquid crystal display (LCD) glass substrate manufacturing facility in Wuhan, China.
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Our interactive dashboard analysis on Corning’s Pre-Earnings has additional details. [Updated: 6/21/2021] Corning Stock Decline The stock price of Corning (NYSE:GLW) has seen a 10% drop over the last five trading days. According to the Trefis Machine Learning Engine, which identifies trends in the company’s stock price data, returns for Corning stock average nearly 4% in the next one-month (21 trading days) period after experiencing a 10% drop over the previous week (five trading days).
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Our interactive dashboard analysis on Corning’s Pre-Earnings has additional details. Overall, Apple’s continued commitment in Corning, the company’s new facility at Wuhan, a very high demand for vaccine vials, and gradual opening up of the global economies, these all point toward strong growth for Corning’s business going forward. That said, going by the factors discussed above, and based on our machine learning analysis of trends in the stock price over the last few years, we believe that there is a higher chance of a rise in GLW stock over the next month (twenty-one trading days).
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cb4aa7cf-3d8e-4f00-bc3c-849e980d5d3e
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716157.0
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2021-06-22 00:00:00 UTC
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Forecast Of The Day: 3M Safety & Industrial Revenues
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DD
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https://www.nasdaq.com/articles/forecast-of-the-day%3A-3m-safety-industrial-revenues-2021-06-23
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nan
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nan
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What?
Trefis expects 3M’s (NYSE:MMM) Safety & Industrial Revenues to grow from around $11 billion in 2020 to over $12 billion in 2021 and $12.5 billion in 2022.
Why?
The economic recovery following Covid-19 should result in higher demand for 3M’s industrial products.
So What?
3M stock has been a relative underperformer, rising by just about 25% over the last 12 months, compared to a return of 35% on the S&P 500. This is partly due to investor concerns over lawsuits surrounding environmental issues related to the company’s manufacturing plants. While revenue growth is likely to pick up in 2021, we think the stock looks fully priced at current levels of around $195 per share.
See Our Complete Analysis For 3M
Looking for a balanced portfolio to invest in? Here’s a high-quality portfolio to beat the market, with over 150% return since 2016, versus 85% for the S&P 500. Comprised of companies with strong revenue growth, healthy profits, lots of cash, and low risk, it has outperformed the broader market year after year, consistently.
See all Trefis Price Estimates and Download Trefis Data here
What’s behind Trefis? See How It’s Powering New Collaboration and What-Ifs For CFOs and Finance Teams | Product, R&D, and Marketing Teams
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This is partly due to investor concerns over lawsuits surrounding environmental issues related to the company’s manufacturing plants. While revenue growth is likely to pick up in 2021, we think the stock looks fully priced at current levels of around $195 per share. See How It’s Powering New Collaboration and What-Ifs For CFOs and Finance Teams | Product, R&D, and Marketing Teams The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Trefis expects 3M’s (NYSE:MMM) Safety & Industrial Revenues to grow from around $11 billion in 2020 to over $12 billion in 2021 and $12.5 billion in 2022. Comprised of companies with strong revenue growth, healthy profits, lots of cash, and low risk, it has outperformed the broader market year after year, consistently. See How It’s Powering New Collaboration and What-Ifs For CFOs and Finance Teams | Product, R&D, and Marketing Teams The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Trefis expects 3M’s (NYSE:MMM) Safety & Industrial Revenues to grow from around $11 billion in 2020 to over $12 billion in 2021 and $12.5 billion in 2022. Comprised of companies with strong revenue growth, healthy profits, lots of cash, and low risk, it has outperformed the broader market year after year, consistently. See How It’s Powering New Collaboration and What-Ifs For CFOs and Finance Teams | Product, R&D, and Marketing Teams The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Trefis expects 3M’s (NYSE:MMM) Safety & Industrial Revenues to grow from around $11 billion in 2020 to over $12 billion in 2021 and $12.5 billion in 2022. The economic recovery following Covid-19 should result in higher demand for 3M’s industrial products. Here’s a high-quality portfolio to beat the market, with over 150% return since 2016, versus 85% for the S&P 500.
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d713da1e-6575-449e-a7f8-1b685e7ed141
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716158.0
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2021-06-18 00:00:00 UTC
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VAW, ECL, DOW, DD: ETF Inflow Alert
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DD
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https://www.nasdaq.com/articles/vaw-ecl-dow-dd%3A-etf-inflow-alert-2021-06-18
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard Materials ETF (Symbol: VAW) where we have detected an approximate $289.0 million dollar inflow -- that's a 8.7% increase week over week in outstanding units (from 18,528,810 to 20,133,248). Among the largest underlying components of VAW, in trading today Ecolab Inc (Symbol: ECL) is off about 1.2%, Dow Inc (Symbol: DOW) is down about 2.2%, and DuPont (Symbol: DD) is lower by about 1.6%. For a complete list of holdings, visit the VAW Holdings page » The chart below shows the one year price performance of VAW, versus its 200 day moving average:
Looking at the chart above, VAW's low point in its 52 week range is $115.33 per share, with $196 as the 52 week high point — that compares with a last trade of $177.81. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of VAW, in trading today Ecolab Inc (Symbol: ECL) is off about 1.2%, Dow Inc (Symbol: DOW) is down about 2.2%, and DuPont (Symbol: DD) is lower by about 1.6%. For a complete list of holdings, visit the VAW Holdings page » The chart below shows the one year price performance of VAW, versus its 200 day moving average: Looking at the chart above, VAW's low point in its 52 week range is $115.33 per share, with $196 as the 52 week high point — that compares with a last trade of $177.81. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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Among the largest underlying components of VAW, in trading today Ecolab Inc (Symbol: ECL) is off about 1.2%, Dow Inc (Symbol: DOW) is down about 2.2%, and DuPont (Symbol: DD) is lower by about 1.6%. For a complete list of holdings, visit the VAW Holdings page » The chart below shows the one year price performance of VAW, versus its 200 day moving average: Looking at the chart above, VAW's low point in its 52 week range is $115.33 per share, with $196 as the 52 week high point — that compares with a last trade of $177.81. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
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Among the largest underlying components of VAW, in trading today Ecolab Inc (Symbol: ECL) is off about 1.2%, Dow Inc (Symbol: DOW) is down about 2.2%, and DuPont (Symbol: DD) is lower by about 1.6%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard Materials ETF (Symbol: VAW) where we have detected an approximate $289.0 million dollar inflow -- that's a 8.7% increase week over week in outstanding units (from 18,528,810 to 20,133,248). For a complete list of holdings, visit the VAW Holdings page » The chart below shows the one year price performance of VAW, versus its 200 day moving average: Looking at the chart above, VAW's low point in its 52 week range is $115.33 per share, with $196 as the 52 week high point — that compares with a last trade of $177.81.
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Among the largest underlying components of VAW, in trading today Ecolab Inc (Symbol: ECL) is off about 1.2%, Dow Inc (Symbol: DOW) is down about 2.2%, and DuPont (Symbol: DD) is lower by about 1.6%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard Materials ETF (Symbol: VAW) where we have detected an approximate $289.0 million dollar inflow -- that's a 8.7% increase week over week in outstanding units (from 18,528,810 to 20,133,248). For a complete list of holdings, visit the VAW Holdings page » The chart below shows the one year price performance of VAW, versus its 200 day moving average: Looking at the chart above, VAW's low point in its 52 week range is $115.33 per share, with $196 as the 52 week high point — that compares with a last trade of $177.81.
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1b5c18ae-a5c8-4fe2-9b22-7d598aa9dc7d
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716159.0
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2021-06-17 00:00:00 UTC
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Daily Dividend Report: NFG,DD,MSFT,PEGA,ADC
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DD
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https://www.nasdaq.com/articles/daily-dividend-report%3A-nfgddmsftpegaadc-2021-06-17
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nan
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nan
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Today, the National Fuel Gas Company Board of Directors approved a 2.2% increase in the dividend on the Company's common stock, raising the quarterly rate from 44.5 cents per share as approved in June 2020 to 45.5 cents per share for an annual rate of $1.82 per share. National Fuel has paid dividends for 119 consecutive years and has increased its annual dividend for 51 straight years. This dividend is payable July 15, 2021, to shareholders of record at the close of business on June 30, 2021. The Company has approximately 91.2 million shares of common stock outstanding. It has no preferred stock outstanding.
DuPont today announced that its Board of Directors has declared a third quarter dividend of $0.30 per share on the outstanding Common Stock of the Company payable September 15, 2021, to holders of record of said stock at the close of business on July 30, 2021.
Microsoft on Wednesday announced that the board's independent directors unanimously elected Satya Nadella to the role of board chair, and unanimously elected John W. Thompson as lead independent director, a role he held previously from 2012 to 2014. In addition to these role changes, the board declared a quarterly dividend of $0.56 per share. The dividend is payable Sept. 9, 2021, to shareholders of record on Aug. 19, 2021. The ex-dividend date will be Aug. 18, 2021.
Pegasystems, the software company that crushes business complexity at the world's leading enterprises, today announced a quarterly cash dividend of $0.03 per share, maintaining the company's current dividend program. The Q3 2021 dividend will be paid on July 15, 2021 to shareholders of record as of July 1, 2021.
Agree Realty today announced that its Board of Directors has authorized, and the Company has declared, a monthly cash dividend of $0.217 per common share. The monthly dividend reflects an annualized dividend amount of $2.604 per common share, representing an 8.5% increase over the annualized dividend amount of $2.400 per common share from the second quarter of 2020. The dividend is payable July 14, 2021 to stockholders of record at the close of business on June 30, 2021.
VIDEO: Daily Dividend Report: NFG,DD,MSFT,PEGA,ADC
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In addition to these role changes, the board declared a quarterly dividend of $0.56 per share. VIDEO: Daily Dividend Report: NFG,DD,MSFT,PEGA,ADC 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 $0.30 per share on the outstanding Common Stock of the Company payable September 15, 2021, to holders of record of said stock at the close of business on July 30, 2021.
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In addition to these role changes, the board declared a quarterly dividend of $0.56 per share. VIDEO: Daily Dividend Report: NFG,DD,MSFT,PEGA,ADC The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Today, the National Fuel Gas Company Board of Directors approved a 2.2% increase in the dividend on the Company's common stock, raising the quarterly rate from 44.5 cents per share as approved in June 2020 to 45.5 cents per share for an annual rate of $1.82 per share.
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In addition to these role changes, the board declared a quarterly dividend of $0.56 per share. VIDEO: Daily Dividend Report: NFG,DD,MSFT,PEGA,ADC The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Today, the National Fuel Gas Company Board of Directors approved a 2.2% increase in the dividend on the Company's common stock, raising the quarterly rate from 44.5 cents per share as approved in June 2020 to 45.5 cents per share for an annual rate of $1.82 per share.
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In addition to these role changes, the board declared a quarterly dividend of $0.56 per share. VIDEO: Daily Dividend Report: NFG,DD,MSFT,PEGA,ADC The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Today, the National Fuel Gas Company Board of Directors approved a 2.2% increase in the dividend on the Company's common stock, raising the quarterly rate from 44.5 cents per share as approved in June 2020 to 45.5 cents per share for an annual rate of $1.82 per share.
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494a2a17-2dc1-4ad7-a15b-84ea1d75ff4c
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716160.0
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2021-06-05 00:00:00 UTC
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An Intrinsic Calculation For DuPont de Nemours, Inc. (NYSE:DD) Suggests It's 28% Undervalued
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DD
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https://www.nasdaq.com/articles/an-intrinsic-calculation-for-dupont-de-nemours-inc.-nyse%3Add-suggests-its-28-undervalued
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nan
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nan
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Does the June share price for DuPont de Nemours, Inc. (NYSE:DD) reflect what it's really worth? Today, we will estimate the stock's intrinsic value by projecting its future cash flows and then discounting them to today's value. One way to achieve this is by employing the Discounted Cash Flow (DCF) model. There's really not all that much to it, even though it might appear quite complex.
Companies can be valued in a lot of ways, so we would point out that a DCF is not perfect for every situation. If you still have some burning questions about this type of valuation, take a look at the Simply Wall St analysis model.
What's the estimated valuation?
We are going to use a two-stage DCF model, which, as the name states, takes into account two stages of growth. The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second 'steady growth' period. In the first stage we need to estimate the cash flows to the business over the next ten years. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.
Generally we assume that a dollar today is more valuable than a dollar in the future, so we need to discount the sum of these future cash flows to arrive at a present value estimate:
10-year free cash flow (FCF) estimate
2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
Levered FCF ($, Millions) US$1.75b US$2.30b US$2.29b US$3.17b US$3.47b US$3.68b US$3.87b US$4.03b US$4.17b US$4.29b
Growth Rate Estimate Source Analyst x5 Analyst x6 Analyst x4 Analyst x1 Analyst x1 Est @ 6.28% Est @ 5% Est @ 4.09% Est @ 3.46% Est @ 3.02%
Present Value ($, Millions) Discounted @ 7.3% US$1.6k US$2.0k US$1.9k US$2.4k US$2.4k US$2.4k US$2.4k US$2.3k US$2.2k US$2.1k
("Est" = FCF growth rate estimated by Simply Wall St)
Present Value of 10-year Cash Flow (PVCF) = US$22b
We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. For a number of reasons a very conservative growth rate is used that cannot exceed that of a country's GDP growth. In this case we have used the 5-year average of the 10-year government bond yield (2.0%) to estimate future growth. In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 7.3%.
Terminal Value (TV)= FCF2030 × (1 + g) ÷ (r – g) = US$4.3b× (1 + 2.0%) ÷ (7.3%– 2.0%) = US$83b
Present Value of Terminal Value (PVTV)= TV / (1 + r)10= US$83b÷ ( 1 + 7.3%)10= US$41b
The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is US$63b. The last step is to then divide the equity value by the number of shares outstanding. Relative to the current share price of US$85.6, the company appears a touch undervalued at a 28% discount to where the stock price trades currently. Remember though, that this is just an approximate valuation, and like any complex formula - garbage in, garbage out.
NYSE:DD Discounted Cash Flow June 5th 2021
The assumptions
We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows. You don't have to agree with these inputs, I recommend redoing the calculations yourself and playing with them. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at DuPont de Nemours as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 7.3%, which is based on a levered beta of 1.117. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business.
Looking Ahead:
Although the valuation of a company is important, it ideally won't be the sole piece of analysis you scrutinize for a company. It's not possible to obtain a foolproof valuation with a DCF model. Preferably you'd apply different cases and assumptions and see how they would impact the company's valuation. For example, changes in the company's cost of equity or the risk free rate can significantly impact the valuation. What is the reason for the share price sitting below the intrinsic value? For DuPont de Nemours, we've put together three pertinent factors you should look at:
Risks: For example, we've discovered 3 warning signs for DuPont de Nemours (1 is a bit unpleasant!) that you should be aware of before investing here.
Future Earnings: How does DD's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart.
Other High Quality Alternatives: Do you like a good all-rounder? Explore our interactive list of high quality stocks to get an idea of what else is out there you may be missing!
PS. Simply Wall St updates its DCF calculation for every American stock every day, so if you want to find the intrinsic value of any other stock just search here.
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.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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Does the June share price for DuPont de Nemours, Inc. (NYSE:DD) reflect what it's really worth? NYSE:DD Discounted Cash Flow June 5th 2021 The assumptions We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows. Future Earnings: How does DD's growth rate compare to its peers and the wider market?
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Does the June share price for DuPont de Nemours, Inc. (NYSE:DD) reflect what it's really worth? NYSE:DD Discounted Cash Flow June 5th 2021 The assumptions We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows. Future Earnings: How does DD's growth rate compare to its peers and the wider market?
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NYSE:DD Discounted Cash Flow June 5th 2021 The assumptions We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows. Does the June share price for DuPont de Nemours, Inc. (NYSE:DD) reflect what it's really worth? Future Earnings: How does DD's growth rate compare to its peers and the wider market?
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Does the June share price for DuPont de Nemours, Inc. (NYSE:DD) reflect what it's really worth? NYSE:DD Discounted Cash Flow June 5th 2021 The assumptions We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows. Future Earnings: How does DD's growth rate compare to its peers and the wider market?
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a230ea0e-5e85-441e-9bc7-7b161aafd75e
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716161.0
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2021-06-03 00:00:00 UTC
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Interesting DD Put And Call Options For August 20th
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DD
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https://www.nasdaq.com/articles/interesting-dd-put-and-call-options-for-august-20th-2021-06-03
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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 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 78 days until expiration the newly available contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new August 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 75 cents. 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 $74.25 (before broker commissions). To an investor already interested in purchasing shares of DD, that could represent an attractive alternative to paying $84.86/share today.
Because the $75.00 strike represents an approximate 12% 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 81%. 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 1.00% return on the cash commitment, or 4.68% 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 $92.50 strike price has a current bid of 88 cents. If an investor was to purchase shares of DD stock at the current price level of $84.86/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $92.50. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 10.04% if the stock gets called away at the August 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 $92.50 strike highlighted in red:
Considering the fact that the $92.50 strike represents an approximate 9% 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 69%. 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 1.04% boost of extra return to the investor, or 4.85% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 50%, while the implied volatility in the call contract example is 41%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $84.86) 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 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $92.50 strike highlighted in red: Considering the fact that the $92.50 strike represents an approximate 9% 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 20th expiration.
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The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 81%. Below is a chart showing DD's trailing twelve month trading history, with the $92.50 strike highlighted in red: Considering the fact that the $92.50 strike represents an approximate 9% 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 69%.
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Below is a chart showing DD's trailing twelve month trading history, with the $92.50 strike highlighted in red: Considering the fact that the $92.50 strike represents an approximate 9% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Investors in DuPont (Symbol: DD) saw new options become available today, for the August 20th expiration.
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At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new August 20th contracts and identified one put and one call contract of particular interest. Below is a chart showing DD's trailing twelve month trading history, with the $92.50 strike highlighted in red: Considering the fact that the $92.50 strike represents an approximate 9% 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 20th expiration.
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0fd29635-a5a4-4d46-9966-ae004140bf23
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716162.0
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2021-05-26 00:00:00 UTC
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DuPont de Nemours, Inc. (DD) Ex-Dividend Date Scheduled for May 27, 2021
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DD
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https://www.nasdaq.com/articles/dupont-de-nemours-inc.-dd-ex-dividend-date-scheduled-for-may-27-2021-2021-05-26
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nan
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nan
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DuPont de Nemours, Inc. (DD) will begin trading ex-dividend on May 27, 2021. A cash dividend payment of $0.3 per share is scheduled to be paid on June 15, 2021. Shareholders who purchased DD prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 8th quarter that DD has paid the same dividend. At the current stock price of $83.4, the dividend yield is 1.44%.
The previous trading day's last sale of DD was $83.4, representing a -4.43% decrease from the 52 week high of $87.27 and a 72.89% increase over the 52 week low of $48.24.
DD is a part of the Capital Goods sector, which includes companies such as Carrier Global Corporation (CARR) and Watsco, Inc. (WSO). DD's current earnings per share, an indicator of a company's profitability, is $5.72. Zacks Investment Research reports DD's forecasted earnings growth in 2021 as 11.81%, compared to an industry average of 27.8%.
For more information on the declaration, record and payment dates, visit the DD Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to DD through an Exchange Traded Fund [ETF]?
The following ETF(s) have DD as a top-10 holding:
John Hancock Multifactor Materials ETF (JHMA)
iShares U.S. Basic Materials ETF (IYM)
Materials Select Sector SPDR (XLB)
Fidelity MSCI Materials Index ETF (FMAT)
Vanguard Materials ETF (VAW).
The top-performing ETF of this group is JHMA with an increase of 22.63% over the last 100 days. It also has the highest percent weighting of DD at 5.42%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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DD is a part of the Capital Goods sector, which includes companies such as Carrier Global Corporation (CARR) and Watsco, Inc. (WSO). Zacks Investment Research reports DD's forecasted earnings growth in 2021 as 11.81%, compared to an industry average of 27.8%. For more information on the declaration, record and payment dates, visit the DD Dividend History page.
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Shareholders who purchased DD prior to the ex-dividend date are eligible for the cash dividend payment. DD's current earnings per share, an indicator of a company's profitability, is $5.72. The following ETF(s) have DD as a top-10 holding: John Hancock Multifactor Materials ETF (JHMA) iShares U.S.
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Shareholders who purchased DD prior to the ex-dividend date are eligible for the cash dividend payment. The following ETF(s) have DD as a top-10 holding: John Hancock Multifactor Materials ETF (JHMA) iShares U.S. DuPont de Nemours, Inc. (DD) will begin trading ex-dividend on May 27, 2021.
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DD's current earnings per share, an indicator of a company's profitability, is $5.72. The following ETF(s) have DD as a top-10 holding: John Hancock Multifactor Materials ETF (JHMA) iShares U.S. DuPont de Nemours, Inc. (DD) will begin trading ex-dividend on May 27, 2021.
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08478894-beaa-4f68-9433-8d6afad71a22
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716163.0
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2021-05-25 00:00:00 UTC
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Ex-Dividend Reminder: Maverix Metals, Reliance Steel & Aluminum and DuPont
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DD
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https://www.nasdaq.com/articles/ex-dividend-reminder%3A-maverix-metals-reliance-steel-aluminum-and-dupont-2021-05-25
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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 5/27/21, Maverix Metals Inc (Symbol: MMX), Reliance Steel & Aluminum Co. (Symbol: RS), and DuPont (Symbol: DD) will all trade ex-dividend for their respective upcoming dividends. Maverix Metals Inc will pay its quarterly dividend of $0.0125 on 6/15/21, Reliance Steel & Aluminum Co. will pay its quarterly dividend of $0.6875 on 6/11/21, and DuPont will pay its quarterly dividend of $0.30 on 6/15/21. As a percentage of MMX's recent stock price of $6.01, this dividend works out to approximately 0.21%, so look for shares of Maverix Metals Inc to trade 0.21% lower — all else being equal — when MMX shares open for trading on 5/27/21. Similarly, investors should look for RS to open 0.41% lower in price and for DD to open 0.35% lower, all else being equal.
Below are dividend history charts for MMX, RS, and DD, showing historical dividends prior to the most recent ones declared.
Maverix Metals Inc (Symbol: MMX):
Reliance Steel & Aluminum Co. (Symbol: RS):
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 0.83% for Maverix Metals Inc, 1.64% for Reliance Steel & Aluminum Co., and 1.40% for DuPont.
In Tuesday trading, Maverix Metals Inc shares are currently off about 2.8%, Reliance Steel & Aluminum Co. shares are down about 0.2%, and DuPont shares are up about 0.3% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
The views and 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 5/27/21, Maverix Metals Inc (Symbol: MMX), Reliance Steel & Aluminum Co. (Symbol: RS), and DuPont (Symbol: DD) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for RS to open 0.41% lower in price and for DD to open 0.35% lower, all else being equal. Below are dividend history charts for MMX, RS, 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 5/27/21, Maverix Metals Inc (Symbol: MMX), Reliance Steel & Aluminum Co. (Symbol: RS), and DuPont (Symbol: DD) will all trade ex-dividend for their respective upcoming dividends. Maverix Metals Inc (Symbol: MMX): Reliance Steel & Aluminum Co. (Symbol: RS): 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 RS to open 0.41% lower in price and for DD to open 0.35% lower, all else being equal.
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Looking at the universe of stocks we cover at Dividend Channel, on 5/27/21, Maverix Metals Inc (Symbol: MMX), Reliance Steel & Aluminum Co. (Symbol: RS), and DuPont (Symbol: DD) will all trade ex-dividend for their respective upcoming dividends. Maverix Metals Inc (Symbol: MMX): Reliance Steel & Aluminum Co. (Symbol: RS): 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 RS to open 0.41% lower in price and for DD to open 0.35% lower, all else being equal.
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Looking at the universe of stocks we cover at Dividend Channel, on 5/27/21, Maverix Metals Inc (Symbol: MMX), Reliance Steel & Aluminum Co. (Symbol: RS), and DuPont (Symbol: DD) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for RS to open 0.41% lower in price and for DD to open 0.35% lower, all else being equal. Below are dividend history charts for MMX, RS, and DD, showing historical dividends prior to the most recent ones declared.
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c2ae9e61-b3a5-4041-b35d-e0e0af0ef994
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716164.0
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2021-05-23 00:00:00 UTC
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Should You Buy DuPont Stock At $84?
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DD
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https://www.nasdaq.com/articles/should-you-buy-dupont-stock-at-%2484-2021-05-23
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nan
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nan
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We believe that the stock price of DuPont (NYSE:DD) looks expensive at current levels of around $84. DD stock has seen a large 3x move from the levels of under $28 it was at in March 2020, compared to the S&P which has moved up 84%. DD stock has significantly outperformed the broader markets, primarily due to a faster than anticipated rebound in the global economies, and the company delivering better than estimated results over the recent quarters. Now that the stock has seen a large move (up 85% in the last one year) despite revenue declining 3% y-o-y over the last four quarters, we believe DD stock has run ahead of its valuation, and it is vulnerable to downside risk. Our dashboard ‘Buy Or Fear DuPont Stock‘ provides the key numbers behind our thinking.
Looking at a slightly longer time period, DD stock is up 31% from levels of $64 seen toward the end of 2019. The rise in the stock price over the last one year or so can be attributed to favorable changes in the company’s P/S multiple. The company’s revenues have trended lower, declining 5% from $21.5 billion in 2019 to $20.4 billion in 2020, primarily due to the impact of the Covid-19 pandemic on the overall business. On a per share basis, the company’s revenues declined 4% from $28.94 in 2019 to $27.72 in 2020.
Despite a decline in revenue per share (RPS), the company’s P/S multiple expanded from levels of over 2.2x in 2019 to 2.6x in 2020. The P/S multiple has now further increased to 3.0x.
Outlook
2020 has been a tough year for several companies, and DuPont also faced challenges, primarily due to the impact of the Covid-19 pandemic on the automotive industry, resulting in a 15% drop in DuPont’s Transportation & Industrial segment sales. However, a continued demand for semiconductor technologies, probiotics, home & personal care, and animal nutrition offset some of the decline seen in DuPont’s other businesses. That said, the outlook for 2021 remains robust with the company providing a revenue guidance of $15.8 billion, while it expects full-year adjusted EPS to be $3.67. This compares with revenue of $15.5 billion and $3.57 guidance the company had provided earlier. The new revenue guidance reflects a low double-digit comparable growth to 2020. Note that the 2020 reported sales figure is not comparable to 2021 given that DuPont has merged its nutrition and biosciences business with IFF. The IFF transaction is good for the company, given it has garnered $7 billion in cash, and retired a large 27% of its shares outstanding. The company plans to use the proceedings to retire its debt by $5 billion. The company is also focused on share repurchases, bolstering the shareholders’ return.
DuPont recently announced increased investment at its manufacturing facilities in Germany and Switzerland to increase capacity for its high-performance automotive adhesives. The investment is aimed to enhance the capacity to support growing demand for advanced mobility solutions for electric vehicles. The automotive market is expected to see a sharp rebound as the current pandemic winds down, boding well for DuPont’s automotive business. Now that several countries are focused on large scale vaccination programs, with 47% of the U.S. population having received at least one dose of Covid-19 vaccine, the economies are expected to rebound going forward, boding well for DuPont’s other businesses, including semiconductor technologies, and water filtration, among others, as well.
That said, much of these positives appear to be already priced in DD stock, given a large 3x rally off the March 2020 bottom. At the current levels of $84, DD stock is trading at 3.2x its expected RPS of $26.10 in 2021, compared to levels of 2.2x seen in 2019 and 2.6x seen as recently as late 2020. As such, we believe that DD stock is vulnerable to downside risk.
While DD stock may be overvalued, 2020 has created many pricing discontinuities which can offer attractive trading opportunities. For example, you’ll be surprised how the stock valuation for Honeywell vs. Roper Industries shows a disconnect with their relative operational growth. You can find many such discontinuous pairs here.
See all Trefis Price Estimates and Download Trefis Data here
What’s behind Trefis? See How It’s Powering New Collaboration and What-Ifs For CFOs and Finance Teams | Product, R&D, and Marketing Teams
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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DD stock has significantly outperformed the broader markets, primarily due to a faster than anticipated rebound in the global economies, and the company delivering better than estimated results over the recent quarters. We believe that the stock price of DuPont (NYSE:DD) looks expensive at current levels of around $84. DD stock has seen a large 3x move from the levels of under $28 it was at in March 2020, compared to the S&P which has moved up 84%.
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At the current levels of $84, DD stock is trading at 3.2x its expected RPS of $26.10 in 2021, compared to levels of 2.2x seen in 2019 and 2.6x seen as recently as late 2020. We believe that the stock price of DuPont (NYSE:DD) looks expensive at current levels of around $84. DD stock has seen a large 3x move from the levels of under $28 it was at in March 2020, compared to the S&P which has moved up 84%.
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DD stock has significantly outperformed the broader markets, primarily due to a faster than anticipated rebound in the global economies, and the company delivering better than estimated results over the recent quarters. Now that the stock has seen a large move (up 85% in the last one year) despite revenue declining 3% y-o-y over the last four quarters, we believe DD stock has run ahead of its valuation, and it is vulnerable to downside risk. We believe that the stock price of DuPont (NYSE:DD) looks expensive at current levels of around $84.
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We believe that the stock price of DuPont (NYSE:DD) looks expensive at current levels of around $84. DD stock has seen a large 3x move from the levels of under $28 it was at in March 2020, compared to the S&P which has moved up 84%. DD stock has significantly outperformed the broader markets, primarily due to a faster than anticipated rebound in the global economies, and the company delivering better than estimated results over the recent quarters.
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564efc75-a287-415c-8d38-96ef86986af4
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716165.0
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2021-05-21 00:00:00 UTC
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S.Korea seeks tax deductions, incentives for U.S. investment by firms-Blue House
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DD
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https://www.nasdaq.com/articles/s.korea-seeks-tax-deductions-incentives-for-u.s.-investment-by-firms-blue-house-2021-05-21
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nan
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nan
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By Joyce Lee
SEOUL, May 21 (Reuters) - South Korea requested from the United States incentives such as tax deductions and infrastructure construction to ease the U.S. investment of Korean firms such as Samsung Electronics 005930.KS, its presidential office said on Friday.
South Korean President Moon Jae-in, in Washington for a summit with U.S. President Joe Biden, told a gathering of U.S. Secretary of Commerce Gina Raimondo, her South Korean counterpart and CEOs of Qualcomm QCOM.O, Samsung and other leading businesspeople that both countries can benefit by strengthening supply chain cooperation.
Biden has spurred on support for the U.S. chip industry amid a global chip shortage that has hit automakers and other industries.
He has met executives from major companies including Samsung in April and previously announced plans to invest $50 billion in semiconductor manufacturing and research.
Samsung plans to invest $17 billion for a new plant for chip contract manufacturing in the United States, South Korea's presidential Blue House added in a statement, confirming plans previously reported.
Documents filed with Texas state officials showed that Samsung is considering Austin, Texas, as one of the sites for a new $17 billion chip plant that the South Korean firm said could create 1,800 jobs.
Meanwhile, DuPont DD.N announced plans to establish an R&D centre in South Korea to develop original chip technologies such as photoresist for extreme ultraviolet (EUV) lithography, the Blue House said.
(Reporting by Joyce Lee, editing by Louise Heavens and Emelia Sithole-Matarise)
((jungyoon.lee@tr.com; +82 2 6936 1467;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Meanwhile, DuPont DD.N announced plans to establish an R&D centre in South Korea to develop original chip technologies such as photoresist for extreme ultraviolet (EUV) lithography, the Blue House said. Samsung plans to invest $17 billion for a new plant for chip contract manufacturing in the United States, South Korea's presidential Blue House added in a statement, confirming plans previously reported. By Joyce Lee SEOUL, May 21 (Reuters) - South Korea requested from the United States incentives such as tax deductions and infrastructure construction to ease the U.S. investment of Korean firms such as Samsung Electronics 005930.KS, its presidential office said on Friday.
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Samsung plans to invest $17 billion for a new plant for chip contract manufacturing in the United States, South Korea's presidential Blue House added in a statement, confirming plans previously reported. Meanwhile, DuPont DD.N announced plans to establish an R&D centre in South Korea to develop original chip technologies such as photoresist for extreme ultraviolet (EUV) lithography, the Blue House said. He has met executives from major companies including Samsung in April and previously announced plans to invest $50 billion in semiconductor manufacturing and research.
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Samsung plans to invest $17 billion for a new plant for chip contract manufacturing in the United States, South Korea's presidential Blue House added in a statement, confirming plans previously reported. Meanwhile, DuPont DD.N announced plans to establish an R&D centre in South Korea to develop original chip technologies such as photoresist for extreme ultraviolet (EUV) lithography, the Blue House said. By Joyce Lee SEOUL, May 21 (Reuters) - South Korea requested from the United States incentives such as tax deductions and infrastructure construction to ease the U.S. investment of Korean firms such as Samsung Electronics 005930.KS, its presidential office said on Friday.
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Samsung plans to invest $17 billion for a new plant for chip contract manufacturing in the United States, South Korea's presidential Blue House added in a statement, confirming plans previously reported. Meanwhile, DuPont DD.N announced plans to establish an R&D centre in South Korea to develop original chip technologies such as photoresist for extreme ultraviolet (EUV) lithography, the Blue House said. South Korean President Moon Jae-in, in Washington for a summit with U.S. President Joe Biden, told a gathering of U.S. Secretary of Commerce Gina Raimondo, her South Korean counterpart and CEOs of Qualcomm QCOM.O, Samsung and other leading businesspeople that both countries can benefit by strengthening supply chain cooperation.
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d8e101a4-773c-4d4c-aa9f-50e85f818dc3
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716166.0
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2021-05-21 00:00:00 UTC
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VAW, DD, PPG, CTVA: Large Inflows Detected at ETF
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DD
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https://www.nasdaq.com/articles/vaw-dd-ppg-ctva%3A-large-inflows-detected-at-etf-2021-05-21
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard Materials ETF (Symbol: VAW) where we have detected an approximate $255.2 million dollar inflow -- that's a 7.9% increase week over week in outstanding units (from 17,178,262 to 18,528,810). Among the largest underlying components of VAW, in trading today DuPont (Symbol: DD) is up about 1.3%, PPG Industries Inc (Symbol: PPG) is up about 1.5%, and Corteva Inc (Symbol: CTVA) is up by about 2.3%. For a complete list of holdings, visit the VAW Holdings page » The chart below shows the one year price performance of VAW, versus its 200 day moving average:
Looking at the chart above, VAW's low point in its 52 week range is $112.68 per share, with $196 as the 52 week high point — that compares with a last trade of $190.84. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of VAW, in trading today DuPont (Symbol: DD) is up about 1.3%, PPG Industries Inc (Symbol: PPG) is up about 1.5%, and Corteva Inc (Symbol: CTVA) is up by about 2.3%. For a complete list of holdings, visit the VAW Holdings page » The chart below shows the one year price performance of VAW, versus its 200 day moving average: Looking at the chart above, VAW's low point in its 52 week range is $112.68 per share, with $196 as the 52 week high point — that compares with a last trade of $190.84. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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Among the largest underlying components of VAW, in trading today DuPont (Symbol: DD) is up about 1.3%, PPG Industries Inc (Symbol: PPG) is up about 1.5%, and Corteva Inc (Symbol: CTVA) is up by about 2.3%. For a complete list of holdings, visit the VAW Holdings page » The chart below shows the one year price performance of VAW, versus its 200 day moving average: Looking at the chart above, VAW's low point in its 52 week range is $112.68 per share, with $196 as the 52 week high point — that compares with a last trade of $190.84. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
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Among the largest underlying components of VAW, in trading today DuPont (Symbol: DD) is up about 1.3%, PPG Industries Inc (Symbol: PPG) is up about 1.5%, and Corteva Inc (Symbol: CTVA) is up by about 2.3%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard Materials ETF (Symbol: VAW) where we have detected an approximate $255.2 million dollar inflow -- that's a 7.9% increase week over week in outstanding units (from 17,178,262 to 18,528,810). For a complete list of holdings, visit the VAW Holdings page » The chart below shows the one year price performance of VAW, versus its 200 day moving average: Looking at the chart above, VAW's low point in its 52 week range is $112.68 per share, with $196 as the 52 week high point — that compares with a last trade of $190.84.
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Among the largest underlying components of VAW, in trading today DuPont (Symbol: DD) is up about 1.3%, PPG Industries Inc (Symbol: PPG) is up about 1.5%, and Corteva Inc (Symbol: CTVA) is up by about 2.3%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard Materials ETF (Symbol: VAW) where we have detected an approximate $255.2 million dollar inflow -- that's a 7.9% increase week over week in outstanding units (from 17,178,262 to 18,528,810). For a complete list of holdings, visit the VAW Holdings page » The chart below shows the one year price performance of VAW, versus its 200 day moving average: Looking at the chart above, VAW's low point in its 52 week range is $112.68 per share, with $196 as the 52 week high point — that compares with a last trade of $190.84.
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b2115640-109f-4f3d-9548-1d5d53d4709d
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716167.0
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2021-05-14 00:00:00 UTC
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Hedge funds Third Point, Sachem Head see Alibaba differently -filings
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DD
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https://www.nasdaq.com/articles/hedge-funds-third-point-sachem-head-see-alibaba-differently-filings-2021-05-14
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nan
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nan
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By Svea Herbst-Bayliss
BOSTON, May 14 (Reuters) - Hedge funds Third Point LLC and Sachem Head Capital Management, which often push for changes at corporate targets, traded in some of the same companies early this year but reached different conclusions on whether to hold or sell, regulatory filings show.
Sachem Head, run by Scott Ferguson, listed communications company Alibaba Group Holding 9988.HK as a new holding during the first quarter of 2021, according to a filing. The New York-based hedge fund bought 605,000 shares, making it one of its biggest stock holdings on March 31, 2021.
At Daniel Loeb's Third Point, portfolio managers liquidated the firm's position in Alibaba, selling 1.4 million shares. New York-based Third Point had owned Alibaba since the second quarter of 2020.
Both firms late on Friday released their 13-F filings which show what money managers held at the end of the first quarter. While the filings are backward-looking, they are closely watched for hints on potential trends and insight into what specific stocks managers liked or soured on.
Sachem Head loaded up on International Flavors and Fragrances IFF.N, buying 6.5 million shares in the company and quickly asking for board seats. Ferguson then settled with the company, giving him the option to join IFF's board later this year.
At the same time, the filing showed that he liquidated his position in DuPont DD.N where he had held 2.6 million shares since the fourth quarter of 2020. Earlier this year IFF merged with DuPont's Nutrition & Biosciences business.
At Third Point, DuPont was listed as a new position, with the firm owning 2.7 million shares.
Third Point, which earlier this year helped install a new chief executive at Intel Corp INTC.O, also bought a new stake in ride hailing company Uber Technologies Inc UBER.N. But it cut its position in Amazon.com Inc AMZN.O by 21%, a holding it had added to the portfolio during the middle of the pandemic in 2020. It cut its investment in Alphabet Inc's GOOGL.O Google by 19% but raised its holding in Microsoft Corp MSFT.O by 23%.
Sachem Head cut its holding in Synchrony Financial SYF.N by 37% and added a new stake in software platform Porch Group PRCH.O, which helps match homeowners with everything from moving companies to utility companies.
(Reporting by Svea Herbst-Bayliss in Boston Editing by Matthew Lewis)
((svea.herbst@thomsonreuters.com; +617 856 4331; Reuters Messaging: svea.herbst.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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At the same time, the filing showed that he liquidated his position in DuPont DD.N where he had held 2.6 million shares since the fourth quarter of 2020. But it cut its position in Amazon.com Inc AMZN.O by 21%, a holding it had added to the portfolio during the middle of the pandemic in 2020. Sachem Head cut its holding in Synchrony Financial SYF.N by 37% and added a new stake in software platform Porch Group PRCH.O, which helps match homeowners with everything from moving companies to utility companies.
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At the same time, the filing showed that he liquidated his position in DuPont DD.N where he had held 2.6 million shares since the fourth quarter of 2020. But it cut its position in Amazon.com Inc AMZN.O by 21%, a holding it had added to the portfolio during the middle of the pandemic in 2020. Sachem Head cut its holding in Synchrony Financial SYF.N by 37% and added a new stake in software platform Porch Group PRCH.O, which helps match homeowners with everything from moving companies to utility companies.
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Sachem Head cut its holding in Synchrony Financial SYF.N by 37% and added a new stake in software platform Porch Group PRCH.O, which helps match homeowners with everything from moving companies to utility companies. At the same time, the filing showed that he liquidated his position in DuPont DD.N where he had held 2.6 million shares since the fourth quarter of 2020. But it cut its position in Amazon.com Inc AMZN.O by 21%, a holding it had added to the portfolio during the middle of the pandemic in 2020.
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At the same time, the filing showed that he liquidated his position in DuPont DD.N where he had held 2.6 million shares since the fourth quarter of 2020. But it cut its position in Amazon.com Inc AMZN.O by 21%, a holding it had added to the portfolio during the middle of the pandemic in 2020. Sachem Head cut its holding in Synchrony Financial SYF.N by 37% and added a new stake in software platform Porch Group PRCH.O, which helps match homeowners with everything from moving companies to utility companies.
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59b1f63c-a812-4025-a770-173adeae859a
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716168.0
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2021-05-06 00:00:00 UTC
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DuPont de Nemours, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
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DD
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https://www.nasdaq.com/articles/dupont-de-nemours-inc.-just-beat-earnings-expectations%3A-heres-what-analysts-think-will
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nan
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nan
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DuPont de Nemours, Inc. (NYSE:DD) just released its latest quarterly results and things are looking bullish. It was overall a positive result, with revenues beating expectations by 3.1% to hit US$4.0b. DuPont de Nemours also reported a statutory profit of US$8.90, which was an impressive 1,434% above what the analysts had forecast. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.
NYSE:DD Earnings and Revenue Growth May 6th 2021
Taking into account the latest results, the 15 analysts covering DuPont de Nemours provided consensus estimates of US$15.7b revenue in 2021, which would reflect a disturbing 24% decline on its sales over the past 12 months. DuPont de Nemours is also expected to turn profitable, with statutory earnings of US$2.91 per share. In the lead-up to this report, the analysts had been modelling revenues of US$15.6b and earnings per share (EPS) of US$2.45 in 2021. There was no real change to the revenue estimates, but the analysts do seem more bullish on earnings, given the nice gain to earnings per share expectations following these results.
The consensus price target was unchanged at US$87.95, implying that the improved earnings outlook is not expected to have a long term impact on value creation for shareholders. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. There are some variant perceptions on DuPont de Nemours, with the most bullish analyst valuing it at US$97.00 and the most bearish at US$73.00 per share. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth.
Of course, another way to look at these forecasts is to place them into context against the industry itself. One more thing stood out to us about these estimates, and it's the idea that DuPont de Nemours' decline is expected to accelerate, with revenues forecast to fall at an annualised rate of 31% to the end of 2021. This tops off a historical decline of 22% a year over the past five years. Compare this against analyst estimates for companies in the broader industry, which suggest that revenues (in aggregate) are expected to grow 5.3% annually. So it's pretty clear that, while it does have declining revenues, the analysts also expect DuPont de Nemours to suffer worse than the wider industry.
The Bottom Line
The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards DuPont de Nemours following these results. On the plus side, there were no major changes to revenue estimates; although forecasts imply revenues will perform worse than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.
With that in mind, we wouldn't be too quick to come to a conclusion on DuPont de Nemours. Long-term earnings power is much more important than next year's profits. At Simply Wall St, we have a full range of analyst estimates for DuPont de Nemours going out to 2025, and you can see them free on our platform here..
Even so, be aware that DuPont de Nemours is showing 2 warning signs in our investment analysis , and 1 of those is a bit unpleasant...
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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DuPont de Nemours, Inc. (NYSE:DD) just released its latest quarterly results and things are looking bullish. NYSE:DD Earnings and Revenue Growth May 6th 2021 Taking into account the latest results, the 15 analysts covering DuPont de Nemours provided consensus estimates of US$15.7b revenue in 2021, which would reflect a disturbing 24% decline on its sales over the past 12 months. The consensus price target was unchanged at US$87.95, implying that the improved earnings outlook is not expected to have a long term impact on value creation for shareholders.
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NYSE:DD Earnings and Revenue Growth May 6th 2021 Taking into account the latest results, the 15 analysts covering DuPont de Nemours provided consensus estimates of US$15.7b revenue in 2021, which would reflect a disturbing 24% decline on its sales over the past 12 months. DuPont de Nemours, Inc. (NYSE:DD) just released its latest quarterly results and things are looking bullish. So it's pretty clear that, while it does have declining revenues, the analysts also expect DuPont de Nemours to suffer worse than the wider industry.
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NYSE:DD Earnings and Revenue Growth May 6th 2021 Taking into account the latest results, the 15 analysts covering DuPont de Nemours provided consensus estimates of US$15.7b revenue in 2021, which would reflect a disturbing 24% decline on its sales over the past 12 months. DuPont de Nemours, Inc. (NYSE:DD) just released its latest quarterly results and things are looking bullish. There was no real change to the revenue estimates, but the analysts do seem more bullish on earnings, given the nice gain to earnings per share expectations following these results.
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NYSE:DD Earnings and Revenue Growth May 6th 2021 Taking into account the latest results, the 15 analysts covering DuPont de Nemours provided consensus estimates of US$15.7b revenue in 2021, which would reflect a disturbing 24% decline on its sales over the past 12 months. DuPont de Nemours, Inc. (NYSE:DD) just released its latest quarterly results and things are looking bullish. DuPont de Nemours also reported a statutory profit of US$8.90, which was an impressive 1,434% above what the analysts had forecast.
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f84966fb-82ef-4a60-864f-c7f564de97f3
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716169.0
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2021-05-04 00:00:00 UTC
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US STOCKS-Rotation out of megacaps drags Nasdaq futures lower
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DD
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https://www.nasdaq.com/articles/us-stocks-rotation-out-of-megacaps-drags-nasdaq-futures-lower-2021-05-04
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nan
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nan
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By Shreyashi Sanyal
May 4 (Reuters) - U.S. stock index futures dipped on Tuesday as investors continued to move out of megacap growth stocks and into companies that are expected to benefit more from the reopening of economies.
Highly valued technology companies including Microsoft Corp MSFT.O, Alphabet Inc GOOGL.O, Apple Inc AAPL.O, Amazon.com Inc AMZN.O and Facebook Inc FB.O fell between 0.2% and 0.5% in premarket trading.
Big U.S. banks such as Goldman Sachs Group Inc GS.N and Wells Fargo & Co WFC.N added 0.7% and 0.4%, respectively, while planemaker Boeing Co BA.N and oil major Chevron Corp CVX.N gained 0.8% each.
Copious stimulus measures, speedy vaccination drives and the Federal Reserve's accommodative policy stance have spurred a strong rebound in the U.S. economy and pushed Wall Street to record highs this year. The so-called "pandemic winners", however, have recently started to fall out of favor.
"While megacap tech companies have been a core part of the solid performance of portfolios throughout the pandemic, we think investors should be careful to avoid overallocation to this part of the market," Mark Haefele, chief investment officer at UBS Global Wealth Management, wrote in a client note.
"In an environment of accelerating growth, we continue to prefer cyclical and value sectors such as financials and energy."
At 6:36 a.m. ET, Dow e-minis 1YMcv1 were up 22 points, or 0.06%, S&P 500 e-minis EScv1 were down 3.25 points, or 0.08%, and Nasdaq 100 e-minis NQcv1 were down 47 points, or 0.34%.
Among other stocks, Dupont de Nemours Inc DD.N rose 0.9% after the industrial materials maker raised its full-year profit and revenue forecasts and beat first-quarter expectations.
First-quarter earnings have been largely upbeat. Average profits at S&P 500 companies are expected to have risen 46% in the quarter, compared with forecasts of a 24% growth at the start of April, according to IBES data from Refinitiv.
Investors also awaited important data points through the week, including the Labor Department's non-farm payrolls data, slated to be released on Friday. The report is expected to show a rise in job additions in April.
(Reporting by Shreyashi Sanyal and Sruthi Shankar in Bengaluru; Editing by Saumyadeb Chakrabarty)
((Shreyashi.Sanyal@thomsonreuters.com; +1 646 223 8780; +91 961 144 3740; Twitter: https://twitter.com/s_shreyashi;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Big U.S. banks such as Goldman Sachs Group Inc GS.N and Wells Fargo & Co WFC.N added 0.7% and 0.4%, respectively, while planemaker Boeing Co BA.N and oil major Chevron Corp CVX.N gained 0.8% each. Among other stocks, Dupont de Nemours Inc DD.N rose 0.9% after the industrial materials maker raised its full-year profit and revenue forecasts and beat first-quarter expectations. The report is expected to show a rise in job additions in April.
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Big U.S. banks such as Goldman Sachs Group Inc GS.N and Wells Fargo & Co WFC.N added 0.7% and 0.4%, respectively, while planemaker Boeing Co BA.N and oil major Chevron Corp CVX.N gained 0.8% each. Among other stocks, Dupont de Nemours Inc DD.N rose 0.9% after the industrial materials maker raised its full-year profit and revenue forecasts and beat first-quarter expectations. The report is expected to show a rise in job additions in April.
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Big U.S. banks such as Goldman Sachs Group Inc GS.N and Wells Fargo & Co WFC.N added 0.7% and 0.4%, respectively, while planemaker Boeing Co BA.N and oil major Chevron Corp CVX.N gained 0.8% each. Among other stocks, Dupont de Nemours Inc DD.N rose 0.9% after the industrial materials maker raised its full-year profit and revenue forecasts and beat first-quarter expectations. The report is expected to show a rise in job additions in April.
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Among other stocks, Dupont de Nemours Inc DD.N rose 0.9% after the industrial materials maker raised its full-year profit and revenue forecasts and beat first-quarter expectations. Big U.S. banks such as Goldman Sachs Group Inc GS.N and Wells Fargo & Co WFC.N added 0.7% and 0.4%, respectively, while planemaker Boeing Co BA.N and oil major Chevron Corp CVX.N gained 0.8% each. The report is expected to show a rise in job additions in April.
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2021-05-04 00:00:00 UTC
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DuPont (DD) Q1 2021 Earnings Call Transcript
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https://www.nasdaq.com/articles/dupont-dd-q1-2021-earnings-call-transcript-2021-05-05
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Image source: The Motley Fool.
DuPont (NYSE: DD)
Q1 2021 Earnings Call
May 04, 2021, 8:00 a.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Leland Weaver
Good morning, everyone. Thank you for joining us for DuPont's first-quarter 2021earnings conference call We're making this call available to investors and media via webcast. We have prepared slides to supplement our comments during this conference call.
These slides are posted on the investor relations section of DuPont's website and through the link to our webcast. Joining me on the call today are Ed Breen, chief executive officer, and Lori Koch, our chief financial officer. Please read the forward-looking statement disclaimer contained in the slides. During our call, we will make forward-looking statements regarding our expectations or predictions about the future.
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Because these statements are based on current assumptions and factors that involve risk and uncertainty, our actual performance and results may differ materially from our forward-looking statements. Our 2020 Form 10-K, as updated by our current and periodic reports, includes detailed discussion of principal risks and uncertainties, which may cause such differences. Unless otherwise specified, all historical financial measures presented today exclude significant items. We will also refer to other non-GAAP measures.
A reconciliation to the most directly comparable GAAP financial measure is included in our press release and posted to the investor page of our website. I'll now turn the call over to Ed.
Ed Breen -- Chief Executive Officer
Thanks, Leland. Good morning, everyone, and thank you for joining us. I will provide comments on the strong start that we had to 2021, including the advancement of a number of strategic priorities to make DuPont a premier multi-industrial company, equipped for growth and value creation. But first, let me acknowledge the tremendous dedication and determination of our teams around the world as we continue to manage the extraordinary circumstances of this pandemic.
The health and well-being of our people remains our top priority. The principles and protocols we've implemented globally and locally to help to protect our people and ensure business continuity as countries face multiple waves of infection and lockdowns. As an innovation-led company, we believe in science and we're encouraging all employees to get vaccinated. And where possible, we're working with public health authorities to facilitate access and distribution.
Starting on Slide 2, I will note that one of our priorities for generating value is consistent operating performance and financial results. This morning, we announced strong top line and earnings results for the first quarter, both above our expectations. Lori will take you through the details in a moment. But I'd like to highlight the 7% organic revenue growth that we reported, reflecting broad and strong demand in key markets such as semiconductors, smartphones, water, residential construction and automotive.
This revenue growth, along with continued cost discipline, led to strong operating leverage and EBITDA margin expansion in the quarter. Our first-quarter financial results reflect the agility of our teams to navigate through a challenging environment while facing escalating raw material and logistics costs, as well as global supply constraints of key raw materials, most notably in our M&M segment. With strong order trend continuing and confidence in our team's ability to navigate the supply chain challenges, we are raising our full-year guidance for net sales, operating EBITDA and adjusted EPS. I will provide more details regarding this increase shortly.
In addition to our financial results, we advanced a number of our strategic priorities during the quarter. First, as previously announced, we completed the merger of our nutrition and biosciences business with IFF, creating an industry-leading company in the food and beverage, home and personal care and health and wellness markets. As you know, this transaction also unlocks significant value for DuPont and our shareholders. As part of the transaction, we received 7.3 billion cash from IFF and retired slightly more than 197 million coupon shares, or about 27% of our outstanding shares at the time with no cash outlay.
We strengthened our balance sheet during the quarter by paying down our $3 billion term loan, and we will redeem $2 billion of our long-term debt later this month. As a reminder, our next debt maturity will not be due until the fourth quarter of 2023. In line with our balanced approach, we returned about 660 million of capital to shareholders during the first quarter through share repurchases and dividends. Under our existing share buyback program, we executed 500 million in share repurchases during the first quarter.
As a reminder, we have about 500 million of repurchase authorization remaining under that program, which we intend to utilize by June 1 of this year. Earlier this quarter, we also announced that our board of directors authorized a new 1.5 billion share buyback program, which expires on June 30, 2022. We plan to be opportunistic under the new program as we move throughout the year. With respect to dividends, we returned about 160 million in cash to shareholders during the quarter.
As we previously mentioned, going forward, we will target a payout ratio between 35 and 45%. And we intend to work with our board to increase our dividend annually as we grow our earnings. In March, we announced a definitive agreement to acquire Laird Performance Materials for $2.3 billion. When completed, a planned acquisition of Laird advances DuPont's strategy of growing as a global innovation leader and strengthens our leadership position in advanced electronic materials.
The Laird business will complement our interconnect solutions business within E&I, and it will add critical capabilities and market-leading offerings in thermal management and electromagnetic shielding, which are essential to emerging electronic applications. Our E&I team, along with our customers, are excited for this opportunity. We recently received regulatory approval for the transaction in Germany and Brazil and cleared HSR in the U.S. last month.
As previously indicated, we expect the transaction will close in the third quarter of this year. Finally, we announced previously that we have signed definitive agreements to sell our Biomaterials, Clean Technologies and Solamet businesses. We anticipate receiving more than 900 million in gross proceeds from those divestitures, and we expect those transactions to close in the second half of this year. Before turning it over to Lori to go through the details of the first quarter, I'd like to take a moment to provide some context regarding what we saw during the quarter in our key end markets that we serve.
Combined, the electronics and automotive markets account for nearly half of our revenues. Electronics continues to perform very well, and auto is recovering nicely from its 2020 lows. Within electronics, demand continues to be broad-based as the ramp-up of advanced technology nodes and a need for more memory to servers and data centers has accelerated. The server market, which is a large consumer of semiconductor chips and circuit board chemistries, continues to show strength and is expected to remain robust as Internet network traffic continues to grow.
Furthermore, the deployment of 5G infrastructure by leading telecom companies in preparation for the next generation of ultra high-speed data transmission should help sustain demand for premium smartphones, which is further enhanced by our favorable content play. With respect to the automotive end market, demand is well above the lows of 2020 but not yet back to 2019 levels, which sold 22.9 million vehicles produced in the first quarter and nearly 90 million units for the year. The lack of stable supply of critical components, mainly semiconductors, impacted the ability of the auto OEMs to produce more vehicles and rebuild inventories during the quarter. Even where we participate in the value chain within M&M, I think it's important to note that our first quarter engineering polymers volumes were not materially affected by the chip shortages as our demand from the Tier 1 and Tier 2 suppliers was not lessened as a result of the chip shortage.
However, our ability to supply customers was affected by supply constraints of key raw materials, predominantly in our nylon and polyester product lines. This supply situation is gradually improving while we anticipate several critical products will continue to constrain our production through the end of the second quarter. We expect that annual sales as a result of raw material constraints will be captured in the second half of the year. Additionally, we believe that the automotive market will remain strong for the balance of the year as OEMs look to meet robust demand, as well as replenish global inventories, which are currently below historical averages.
Moving on to the water and construction end markets. Collectively, these two markets account for approximately 20% of our total company sales. Versus first quarter of 2019, demand for advanced water filtration and purification has strengthened, driven by solid growth in Asia Pacific. Strength in residential and commercial water markets, as well as industrial and desalination segments has shown growth.
For construction, North America residential and do-it-yourself markets are up versus first quarter 2019. And while demand within the commercial construction segment has improved from the lows experienced in 2020, it is not back to 2019 levels. Lastly, demand within our industrial end markets versus 2019 levels is mixed. Within the electrical infrastructure and Tyvek protective garment markets, demand is at or above 2019 levels.
However, demand in end markets such as aerospace and oil and gas is still below 2019 levels, but it's improved since the lows of the second and third quarter of last year. Sequentially, our sales in the aero and oil and gas were up over 40%. Our diversified portfolio of products and technologies will serve us as the global economy continues to recover from the pandemic. We are continuing to invest at competitive levels in R&D and innovation to further solidify our strong market positions and maintain our position as the partner of choice for our customers in 2021 and beyond.
With that, let me turn it over to Lori to walk through the details of our first quarter financial performance.
Lori Koch -- Chief Financial Officer
Thanks, Ed, and good morning, everyone. Let me cover our first-quarter financial results on Slide 4. As Ed said earlier, I'd also like to acknowledge the commitment of our employees throughout the pandemic and our team in navigating through supply chain and logistics headwind this quarter to deliver the following results. Net sales of 4 billion were up 8% versus the first quarter of 2020, up 7% on an organic basis.
Overall sales growth was driven by strong volume, up 7% versus first quarter of last year, with volume increases in all three reporting segments. Currency provided a 3% tailwind in the quarter led by the euro. Portfolio was a 2% headwind, primarily due to the sale of the trichlorosilane business last year. Sales were up in all three segments, with E&I, M&M and W&P reflecting organic growth of 14%, 8% and 1%, respectively.
On a regional basis, organic sales were up 20% in Asia Pacific, our largest region from a sales perspective, with strong results in all three reporting segments. Partially offsetting gains in Asia Pacific were organic sales decline in the U.S. and Canada and EMEA of 4 and 2%, respectively. The declines in U.S.
and Canada and EMEA were driven by softness for aramid fibers, specifically continued softness in aerospace and timing delays in defense, as well as auto builds, which were down in these regions. I'll provide more color on our segment top line results on the next slide. From an earnings perspective, we delivered operating EBITDA of 1.05 billion and adjusted EPS of $0.91 per share, up 15 and 90%, respectively. Volume gains, as well as benefit from prior-year cost initiatives and currency drove 160 basis points of operating EBITDA margin expansion and 1.9 times operating leverage.
Incremental margins for the quarter were 46%. I will walk you through the EPS later call in a moment. Our total company gross margin for the quarter was 36.8%, flat on a year-over-year basis. Gross margin improvement in E&I and M&M on higher volume and manufacturing productivity was offset by a margin decline in W&P, resulting from higher unit rates versus the prior year, driven primarily by lower production volumes of aramid fibers.
Gross margin expanded about 280 basis points sequentially, with margin improvement in all three segments. From a segment perspective, E&I delivered operating EBITDA margin of 33.5% and 420 basis points of margin expansion versus the year-ago period on strong volume growth and a onetime discrete gain related to an asset sale. Excluding the benefit of the asset sale, operating EBITDA margin would have been 31.7%, a year-over-year improvement of 240 basis points. M&M delivered operating EBITDA margins of 22.9% and 320 basis points of margin expansion versus the year ago period on higher volumes and savings from productivity actions.
In W&P, operating EBITDA was flat versus the year ago period as sales gains and cost productivity actions were offset by higher manufacturing costs, primarily higher unit rates, driven by lower production of aramid fibers and increased supply chain costs. For the quarter, cash flow from operating activities and free cash flow were 378 million and 95 million, respectively. These amounts include one month of cash flow from our N&B business compared to three months of N&B cash burn in the prior year. In addition, cash flow and free cash flow conversion was negatively impacted by a working capital headwind of about 300 million, led by higher accounts receivable balances, which were up in line with sales.
For the year, we continue to target free cash flow conversion of greater than 90%. Slide 5 provides more details on the year-over-year changes in net sales. Leading the way for the quarter was E&I with 15% volume growth, which had a record quarter. Volume gains were led by double-digit growth on robust demand for semiconductors across Asia.
High fabrication utilization rates, driven by demand for new technologies and advanced nodes, along with the ongoing shift in digital transformation drove strong top line growth. In addition, share gains from recent wins for CMP slurry and lithography materials improved results. In interconnect solutions, double-digit growth was driven by higher material content in premium next-generation smartphones partially resulting from timing shifts that select OEM demand shifted earlier in the year this year, along with broader printed circuit board market recovery. Within industrial solutions, double-digit volume gains in display materials due to new time launches more than offset continued weakness in aerospace.
The end markets within W&P were generally consistent with our expectations. Sales gains were led by water solutions with double-digit volume growth, reflecting strong demand for our reverse osmosis and ultrafiltration technology, led by Asia. Shelter solutions had low single-digit organic growth versus the year ago period, reflecting high single-digit organic growth in residential construction and retail channels for do-it-yourself application, offset partially by softness in commercial construction market. Within safety solutions, pricing gains, favorable currency and strengthening demand for aramid fibers in industrial and automotive end market was more than offset by continued weakness in aerospace and year-over-year volume declines for Tyvek.
Lower Tyvek production volumes were a result of higher planned downtime in the quarter. Also contributing to strong first-quarter top line growth was continued recovery of the global automotive market, which represents about 60% of our M&M segment from an end market perspective. The most recent estimate of 1Q global auto builds were about 20.3 million units toward the quarter, up approximately 14% versus the first quarter of last year. As a result, volume in our performance resins business was up over 20% versus the year-ago period.
Another bright spot in M&M was improved demand for microcircuit materials, which we aligned to the M&M segment earlier this year. These specialized materials, along with adhesive growth, helped drive over 20% organic growth in advanced solutions growth in the year ago period. Demand in our engineering polymers business was strong. However, global supply constraints for key raw materials resulted in low single-digit volume decline.
Our teams are experienced in navigating trading challenges and have worked diligently with our customers and suppliers to help mitigate the impact incurred as a result. Additionally, we expect to recover volume lost in the quarter due to these disruptions and raw material constraints as part of this unit. Turning to Slide 6. I mentioned that adjusted EPS for the quarter of $0.91 was up 90% versus the prior year.
The largest driver of our year-over-year growth was a significantly lower share count, mainly resulting from the N&B exchange offer. The lower share count provided a $0.16 benefit versus the prior year. Excluding the lower share count, adjusted EPS growth was still significant, up 56% versus the prior year. Higher segment earnings provided a $0.13 tailwind in the quarter versus the prior year, along with benefits this year with a lower base tax rate and reduced interest expense.
Our base tax rate for the quarter of 19.4% was lower than forecasted as a result of a few discrete tax benefits in the quarter. Our tax rate in the quarter was significantly lower than last year, resulting from the absence of certain discrete tax headwinds incurred in the prior year. For the full-year 2021, we now expect our base tax rate to be in the range of 21 to 22%, down slightly from the 21 to 23% that we previously estimated at the beginning of the year. Turning to Slide 7.
I will provide some commentary on our balance sheet and cash position. I mentioned earlier that net working capital provided headwinds in free cash flow in the quarter. However, I would like to point out that net working capital productivity gains of about 600 million that we have made in the first quarter of last year, decreasing net working capital for about 3.5 billion at March 2020 to 2.9 billion at March of 2021. Both of these were driving down past due receivables and inventory.
From a debt perspective, we have stated that we are committed to maintaining our current strong investment-grade credit profile. We started the year with $15.6 billion in current debt. And as Ed mentioned, we paid down our $3 billion term loan in February, and we will pay down $2 billion of debt later this month. Moving on to cash.
Our cash generated from operations last year put us in a strong cash position coming into this year, and that balance grew with a $7.3 billion special cash payment from the transaction with IFF. In addition, we expect to receive over 900 million in gross proceeds this year from the previously announced sale of the non-core businesses. Our current deployment plan for 2021 includes a balanced capital allocation approach. Along with our plan for internal investment this year, we plan to grow through targeted M&A in areas of secular growth and will fund the $2.3 billion planned acquisition of Laird performance materials with cash on hand.
We intend to continue to return cash to shareholders. Along with our dividend policy, we completed 500 million of share repurchases in the first quarter at an average price of about $73 per share and will remain opportunistic with our remaining share repurchase authorization throughout the rest of the year. On a go-forward basis, our target run and maintain cash balance is about $1.5 billion. And from a leverage perspective, our net debt-to-EBITDA target remains at 2.75 times.
With that, I'll now turn it back over to Ed to talk about our financial outlook.
Ed Breen -- Chief Executive Officer
Thanks, Lori. Let me close with our financial outlook on Slide 8, which includes our view of the second quarter and full-year 2021. We are raising our full-year guidance range for net sales, operating EBITDA and adjusted EPS. At the midpoint of the range provided, we now expect net sales for the year to be about $15.8 billion, which reflects year-over-year growth of 10%, up from our previous estimate of 8% growth.
We expect to improve leverage and now expect operating EBITDA for the year to be about 4.03 billion, at the midpoint of the range provided, a year-over-year increase of 17%. These revised estimates reflect our solid start to the year and confidence in our team's ability to continue to navigate global supply key challenges. We are also raising our adjusted EPS range for the full year by $0.30 per share and now expect adjusted EPS of $3.67 per share, at the midpoint of the range provided. In addition to the strong operating performance of our businesses, the share repurchases we are completing under our existing programs and the narrowing of our estimated tax range [Inaudible] while contributing to the revised [Inaudible].
For the second-quarter 2021, we expect net sales to be about 3.975 billion, and we expect the operating EBITDA to be about $1 billion, both at the midpoints of the ranges provided and both well above results in the second quarter last year. At the midpoint of the range provided, we expect adjusted EPS for the second quarter of 2021 of $0.94 per share, which now reflects the full reduction in shares resulting from the N&B exchange offer and our weighted average shares. With that, let me turn it over to Leland to open up for Q&A.
Leland Weaver
Thank you, Ed. Before we move to the Q&A portion of our call, I would like to remind you that our forward-looking statements apply to both our prepared remarks and the following Q&A. [Operator Instructions] Operator, please provide the Q&A instructions.
Questions & Answers:
Operator
[Operator instructions] The first response is from Steve Tusa with JP Morgan. Please go ahead.
Steve Tusa -- J.P. Morgan -- Analyst
Hey, guys. Good morning. Can you just maybe talk about the sequential kind of dynamics in your business into the second quarter and second half? I mean on the one hand, you guys are having some supply constraints, which I guess is -- has hurt volumes a bit. But then on the other hand, I'm sure that there's some kind of urgency around ordering, and maybe the electronics side seen some pretty big book-to-bills that guys like Tyco Electronics that are -- suggest that customers may be stocking up and kind of double ordering perhaps what they can.
Everybody is kind of scrambling to get supply, I guess. It muddles the sequential. Maybe if you could just talk about what you see as kind of the sequential activity in those key stress areas heading into the second half.
Ed Breen -- Chief Executive Officer
Yeah. I'll start, and maybe Lori wants to jump in. If I may, I don't think our normal cyclicality plays out this year because of what you just described. Very different dynamics this year.
I'd say one of the biggest issues is really the inflation cost on all materials here and then the pricing actions that we can take. So that's a pretty big dynamic for all of us that you see reporting here. But probably, the first quarter, the cost deflation was very little. It was about $20 million.
We expect in the second quarter that list to about $90 million. And we expect the full-year impact of raw material inflation to be about $300 million. So it kind of goes up to kind of 90 to 100 in the second quarter, holds there for the year, which gets you kind of the 300 million. So we've been -- have been a constructive price market, Steve, and we think we'll catch most of the second-quarter inflation, but maybe not all of it as we have some contracts that are 30, 60 days.
But we're very confident that we'll be able to cover the walls. When you look at the year in total, that we'll be able to make that up. So we're expecting for total DuPont for our pricing to be up low single digits for the year. But clearly, more so in the M&M division where a lot of the world inflation is -- no price increase in electronics simply because you don't get it there, you get a new product introductions that you get fed and some price increase in water and protection, within water and safety business specifically.
So I'd say that's a big dynamic there. And then, from a kind of a revenue standpoint, I'd say the other big dynamic is because of the raw material constraints that we're seeing. When we did the fourth-quarter call, Lori and I talked about a $60 million to $80 million miss in sales that we were expecting in the quarter. And then, you had the freeze down in Texas.
So we think it's -- we missed out about 100 million of sales in the quarter, which is 20 to 25 million of EBITDA. We expect another 100 million in the second quarter, 100 to 120 million missed revenue. But like you're hearing from all the others, we're not going to lose the business. We will make it up as the constraints kind of worked their way through because everyone was kind of dealing with the same issue here.
So I'd say that's the large dynamics of sequentially and then going into the year, second half of the year. All the end markets, Steve, played out the way we thought they would. The ones we thought would be hot were hot. The ones we thought we saw, like commercial construction, residential oil and gas are all lifting nicely on the lows of last year, but not back to '19 levels.
So we expect that to continue through the year also.
Steve Tusa -- J.P. Morgan -- Analyst
OK. Great. Thanks all for the color appreciate it .
Operator
Your next response is from John Inch of Gordon Haskett. Please go ahead.
John Inch -- Gordon Haskett -- Analyst
Good morning, everybody. Good morning, I would like to just pick up on that theme. So Ed, when you're saying you missed 100 million of sales in the first quarter roughly, 100 to 120 expected in the second quarter. Does that imply then that the second half is up 200 to 220 more than it would have been if you haven't had any supply chain disruptions, like you're going to see that in terms of sequential growth -- or I'm sorry, in terms of the year-over-year growth dynamic? And doesn't that create a bit of a tough compare? Or is that not the way to think about it?
Ed Breen -- Chief Executive Officer
Yeah. First of all, I'm not sure this will resolve itself in the year either. You've heard quite a few suppliers talk about this going and potentially into next year, depending on what it is. So inventory levels in new autos chain are very, very low in the supply chain itself.
Finished goods are low. You still got the semiconductor ratio that's going to mute things, which I've heard most people think of going into 2022. So I think you got that dynamic going on here. So I wouldn't gauge at all just throwing it into the second half of the year at all.
Lori Koch -- Chief Financial Officer
Yeah. I think the guidance that we provided essentially assumes a similar quarter for revenue like we saw in 1Q, so pushing 4 billion between -- around the 3.9 and 4 billion range in the second quarter. And then, if you look at the full-year outlook, you can back into a similar number in the back half of the year. So whatever upside we may see from the M&M portfolio getting back that lost volume in the first half, so still that tends to be a little bit of seasonality in our results that would offset that.
Still landed at flat number dollar-wise from a revenue perspective.
John Inch -- Gordon Haskett -- Analyst
OK. So no, that makes sense. And then, just as a follow-up, how big -- can you remind us, how big is DuPont in India? And I mean India is obviously in the news as COVID sweeps that country. I'm just wondering, does Tyvek garments, do they have much of a presence there? And didn't really seem to hurt your Asia Pac numbers this quarter.
Does it create for a little bit of a headwind in future quarters?
Ed Breen -- Chief Executive Officer
No. India is not a big impact at all in that one. The biggest upside for us though is India in the water business. That's a real key market for us, but it's not that big in the scheme of things yet.
So no, it didn't have any significant impact for us. If we add N&B in the portfolio, it would have been bigger, but that was really where our bigger presence was in our portfolio.
John Inch -- Gordon Haskett -- Analyst
Yeah. Makes sense. Thank you very much.
Ed Breen -- Chief Executive Officer
Thanks, John.
Operator
Your next responder is from Scott Davis of Melius Research. Please go ahead.
Scott Davis -- Melius Research -- Analyst
Hi. Good morning, Ed and Lori. Just wanted to follow up a little bit on comments that Steve made just about supply chain and John as well. But are you seeing kind of any unusual purchasing patterns by your customers? Are your customers double ordering? Or any kind of unusual inventory build?
Ed Breen -- Chief Executive Officer
We don't think much. I mean we cited a couple of customers we know they are building inventory. It's some in Asia that we think preorder, but it's like 30 to $40 million business. We're not seeing it.
The people just can't get their hands on enough right now. I mean there's so many force majeures out there across the supply chain, again, mostly in the auto business I'm talking about. But I don't see inventory build in the channel. And you know historically, finished goods at autos is very low right now globally.
So we don't see a lot of that. Our people trying to double order. I think there's some of that going on, but everyone's getting allocated product at this point in time. So it's not like they're able to build an inventory base.I'll use DuPont as an example.
Our inventory well of about 100 million, and it's in mostly in our M&M business, and we couldn't get it up on the other walls to get the product out the door. So we did plan on -- we're not double ordering. We just couldn't get it out the door to have a finished good. So again, in the scheme of our numbers, that's not a big deal.
But I'm sure there's a decent amount of that going on, but I wouldn't call it double ordering the stockpile.
Scott Davis -- Melius Research -- Analyst
OK. Good. Helpful. And then, just a different cleanup here is just what was the average price kind of the asset sales that you -- maybe just any valuation metric that we can think about?
Lori Koch -- Chief Financial Officer
You mean for the non-core businesses that we're divesting?
Scott Davis -- Melius Research -- Analyst
Yeah, for the non-core stuff, in terms if you have --
Lori Koch -- Chief Financial Officer
Yeah. We have been somewhere in the range of -- yes, we had mentioned somewhere in the range of six to eight times EBITDA multiple on those businesses.
Scott Davis -- Melius Research -- Analyst
OK. OK. Helpful. Thank you.
Goodluck, guys.
Ed Breen -- Chief Executive Officer
Thanks, Jeff.
Operator
Your next response is from Jeff Sprague of Vertical Research Partners. Please go ahead.
Jeff Sprague -- Vertical Research Partners -- Analyst
Thank you. Good morning, everyone. Two for me. One, just on the theme, a little bit one more item for me anyhow.
On interconnect, Lori, that sounded like maybe it wasn't a pull forward, but demand was -- the demand pattern was different than what you would typically see. Could you just elaborate on kind of what you said and meant there as you went through that segment?
Lori Koch -- Chief Financial Officer
Sure. Yeah. You said it correctly. So we did see a little bit of acceleration from an order perspective in the first quarter, probably the first half versus what we normally see from some of the smart homes provider.
So from a site perspective, probably about a 10 million benefit for the quarter. They're not hugely material to DuPont's raw materials in the interconnect solutions segment. If you look at the full year, we've got interconnect solutions. We expect to be up kind of in the mid-single digits, so it will normalize as the year goes on.
Part of that is due to a very strong comp from last year. So if you recall, in the fourth quarter of last year, we posted in interconnect as some of those producers pulled some volume into 2020 as well.
Jeff Sprague -- Vertical Research Partners -- Analyst
And then secondly, Ed, just on the M&A front. You're able to acquire Laird here at what looked like a pretty decent price. And I just -- I've noticed there's been a few deals going on kind of in some of the spaces I travel that the valuations actually, all things considered, are not off the chart. So I just wonder if you're seeing that kind of what your confidence level on being able to do bolt-ons here at a reasonable valuation as we progress through the year?
Ed Breen -- Chief Executive Officer
Yeah. So Jeff, we're looking at a couple of bolt-ons. One of them is exactly what we've described the last couple of quarters in the water space. I think what we're looking at is very similar to Laird where with synergies, high confidence in, by the way, cost synergies, we can get it up at a multiple that makes sense for DuPont, or by the way, we just won't buy it.
We just don't know that final answer yet. So yes, I think there's -- some of those opportunities are out there to do that in some of the spaces we really like there's going to be a great secular growth area for us in the future. But I'm not talking huge things at this point in time. As I always say, we'll always look at transformative moves if it makes sense for the company -- there's something a couple long, and these are truly a couple bolt-ons in the hundreds of millions, not billions that we're looking at.
But similar dynamic I would say to Laird. So maybe to your question, yeah, those opportunities are there for us.
Jeff Sprague -- Vertical Research Partners -- Analyst
Great. Thanks for the color.
Operator
Thank you. Your next response is from David Begleiter with Deutsche Bank. Please go ahead.
David Begleiter -- Deutsche Bank -- Analyst
Thank you. Good morning. Can you talk a little more about Tyvek? You mentioned a shift back to the more traditional industrial business going forward, I guess, versus some tough comps versus a year ago in protective?
Lori Koch -- Chief Financial Officer
Yeah. I think what we had mentioned about Tyvek in the quarter was garment volume. It adds, it wanes, it picks volume back up in some of the more medical or industrial end markets. And so, from a demand perspective, there's not a headwind overall.
The headwind that we saw in the quarter was more so around production capabilities. And so, we have pushed some of our planned maintenance activity that was planned for 2020 into 2021 just given the COVID response that was needed in last year. And so, that tamped down the volume that we were able to produce and then sell in Q1. If I were to size it, I would probably size it around 20 million of a headwinds in general for Tyvek.
And back on the comment on the garment demand potentially being mainly picked up by other end markets, it's a similar margin profile. So there's no headwind there from that perspective.
Ed Breen -- Chief Executive Officer
And we're sold out on those assets. So as we move things around, it's not like we're picking up extra volume. Right now, we'll get the same margin impact. And that's why our biggest capex program is a new line over in Europe that will come on in 2023.
It's our single biggest capex program, and we're flat out.
David Begleiter -- Deutsche Bank -- Analyst
Got it. And just on working capital for the full year, where do you think you'll end up when it is all done?
Lori Koch -- Chief Financial Officer
Yeah. I expect to drive improvement from where we were in the first quarter, and that will also translate to improvement in free cash flow conversion. So we'll continue to target greater than 90% of the year, which implies a significant improvement from where we were in Q1. So Q1 was really a function of the higher sales.
So we were up about 8% in sales that translated to about a 7% increase in AR. And as I had mentioned, we were opportunistic in buying lots and we could get them. But surely, inventory increased. So I would expect on a full-year basis, I might be in right now for working capital to be used, just given the top line growth as we're expecting, probably more so in the $200 million range.
So improvement coming out of Q1. But I think more importantly, the measure that we pay attention to is net working capital term. And so, we saw significant improvement last year to the June, ending the year at about 5.2 turns. We'll look to target about 5.3 turns as we close the year.
David Begleiter -- Deutsche Bank -- Analyst
Very helpful. Thank you.
Operator
Thank you. Your next response is from Steve Byrne, Bank of America. Please go ahead.
Steve Byrne -- Bank of America Merrill Lynch -- Analyst
Yeah. Thank you. This water solutions business of yours seems to be increasingly a growth engine for you. Can you split that growth between municipalities that are using your technology to purified drinking water versus industrial applications? And on the industrial side, do you see any opportunity down the road, not so much on the purification side, but on the filtrate side, such as trying to extract particular materials like lithium?
Lori Koch -- Chief Financial Officer
Yeah. I think the growth, a lot of it is coming from the desalination side. Also, we have a large growing -- it's small today, but it's growing nicely opportunity within the residential space. And so, we've now got the leading technology from all three applications between reverse osmosis, ion exchange and also filtration in our acquisition.
So we feel comfortable, and as Ed had mentioned, continue to look at opportunities for us to expand our presence there. So I think filtration continues to be a large opportunity for us as well. So as Ed had mentioned, whether it's lithium or other types of filtration, we will continue to be a big player in that space.
Ed Breen -- Chief Executive Officer
Yeah. I mean with all of us with our ESG goals out there in the industrial world, I mean, the secular growth opportunity here looks like it's going to be pretty awesome for the next couple of decades. So I mean we all have metrics we're trying to hit on clean water, and we all have these facilities around the world. So it should be a really nice opportunity.
And by the way, one of the reasons we would like to grow this business organically and inorganically.
Lori Koch -- Chief Financial Officer
And I think about our opportunity in addition to ESG is the potential underneath the infrastructure plan that has targeted investments in the water filtration require a perfect purification space.
Steve Byrne -- Bank of America Merrill Lynch -- Analyst
And just to follow up on this Laird acquisition, and as you mentioned, some cost synergies, but do you -- how would you compare that opportunity versus your ability to maybe cross-sell since that will be a drop in and it's some different technologies and chemistries that you don't seem to have? So is it a cross-selling opportunity and/or maybe an expansion of some of their technologies into new end markets? Do you see any opportunities to do that as well?
Ed Breen -- Chief Executive Officer
It's definitely -- look, we bought it on the cross-sell, i.e., when you get right down, the way it broadens out the portfolio very significantly in a couple of key technology areas that are needed as there's more advanced technologies coming here, especially thermal management being a key one. So look, the closer we're delivering our -- just going to go at it real quickly just to get it out of the way, but we want it for the growth opportunity, the cross-sell opportunity to be able to bring more solutions to our customers. Remember, in that business, we have a lot of application engineers that are resolving customer issues. And with shrinkage in size of all these components, some of these technologies become more and more important.
And so, that's the reason we bought it strategically, we think it's a great fit. It's where the industry is headed. And it's more of really the growth reason in that business, but we'll get the cost synergies. So we bought it at a nice number from a multiple standpoint.
Steve Byrne -- Bank of America Merrill Lynch -- Analyst
Thank you.
Operator
Thank you. Your next response is from John Roberts of UBS. Please go ahead.
John Roberts -- UBS -- Analyst
Thank you. Ed, my understanding is IFF has recommended against you going on to the IFF board. Are there any remaining connections between DuPont and IFF that would create a conflict? Or that's just the position they have against previous management being on the board of a new owner?
Ed Breen -- Chief Executive Officer
Yeah. So usually, John, it's an issue of CEO sitting on two boards, external boards. But I think in general, and by the way, they have -- also have the issue you just raised. My thoughts, in general, our investors understand why I'm doing it.
I don't need to do other things in my life. But I think they understand it, it's very important to me and to DuPont that this goes well, we go opening more than half the company is what we put into IFF. So it's extremely important to our shareholder base. So I think it's morally the right thing to do.
But under the definition by an independent director, there's absolutely no doubt about that. And it's very similar driver on the Corteva board, the help and the transition there. I don't see this is any different than I think it's the right thing to do.
John Roberts -- UBS -- Analyst
Thank you.
Ed Breen -- Chief Executive Officer
Thanks.
Operator
Thank you. Your next response is from Mike Sison, Wells Fargo.
Mike Sison -- Wells Fargo Securities -- Analyst
Hey, good morning. Nice start to the year. Just want to get a little better feel for the second half. EBITDA does -- looks like it's going to grow high single digits.
And just curious, do you expect demand to improve in the second half as the pandemic sort of subsides, hopefully? And is the lower growth rate more maybe raw materials and other issues? And then longer term, what do you think the EBITDA growth potential for the new DuPont is?
Lori Koch -- Chief Financial Officer
Yeah. I think the potential lower growth in the second half is really just a comparison. So obviously, the second half -- second quarter is going to be the largest year-over-year growth driver for us just given that was the lead point of last year, and then we approved as the year went on. So I don't see a material change in the actual EBITDA number kind of similar to the revenue conversation we had earlier, so I think a similar environment.
As I've mentioned earlier, from an end market perspective, we're generally that and even above 2019 in those cases, the full-year guidance that we had out there has our revenue up 6% versus 2019. And the guide that we put, I think, was the EBITDA kind of low teens. And so, we're generally back and then the markets that are weak are really just a handful. And they're more around the aerospace which is up off the bottom, but still off of 2019 and commercial construction, which in the aggregate don't make up a material portion of our portfolio.
Mike Sison -- Wells Fargo Securities -- Analyst
Got it. Thank you.
Operator
Thank you. Your next response is from Arun Viswanathan, RBC Capital Markets.
Arun Viswanathan -- RBC Capital Markets -- Analyst
Hey, good morning. Thanks for taking my question. I'm just curious now that the portfolio, you've gone through health and nutrition or the separation thereafter you've made some acquisitions here to bulk up E&I, you separated into new segments as well with water. What else are you guys thinking of as far as continued kind of portfolio management? Also, the non-core is mostly out.
Is the business kind of operating at a level that you're comfortable with? I know you've also undertaken a lot of cost reductions. But maybe strategically, you can just give us your thoughts on maybe some of the next steps as you see moving forward for the new DuPont.
Ed Breen -- Chief Executive Officer
Yeah. Look, I would say, short term here, we're very focused operationally running the company. But remember, we just closed the N&B transaction two months ago. It seems like forever, and there's a lot of heavy lift there.
We still have to finish cars and do the three non-core businesses, which we'll get out after mid-year out of the portfolio, and that will bring in 900 million of proceeds. So we still have a heavy lift going on there. And then, remember, at the same time, we're going to be starting the integration of the Laird business into the portfolio. So we definitely got a lot of that type of work, in addition to looking at a couple of targeted M&A opportunities as I had mentioned.
So -- but I think that has a lot going on portfolio-wise still this year and with all of the issues we talked about managing raw material inputs and pricing through all that in a kind of a crazy but fun year. We've got our hands full. So I'd say portfolio kind of getting to kind of where we want it. Again, we would never take off the table looking some transformative things.
But generally, cleaning up the noncore, getting Laird in and operationally, really just knows as a grindstone here.
Arun Viswanathan -- RBC Capital Markets -- Analyst
Great. Thanks a lot.
Operator
Thank you. Your next response is from Alex Yefremov with KeyBanc. Please go ahead.
Alex Yefremov -- KeyBanc Capital Markets -- Analyst
Thank you. Good morning, everyone. Could you elaborate on the share gains in the CMP slurry? Did you introduce new products there? And do you expect additional share gains in this product or maybe anywhere else in semiconductors in coming quarters?
Lori Koch -- Chief Financial Officer
Yeah, It really comes from the new products we had mentioned within CMP slurring lithography also within company in the advanced packaging space. So if you look at our revenue performance within semiconductor technology versus where the market does, we were up about 18% in total. We estimate FSI, which is the market indicator that we look at, which is the amount that we first produced was probably up about 9% in the quarter. We think we got about 4% or so just from where we play.
So some of the spaces within the semiconductor space grew higher than the market average. And then, the remaining 4% would have been from that share gain perspective.
Alex Yefremov -- KeyBanc Capital Markets -- Analyst
Thank you.
Operator
At this time, there are no further questions in the queue. Thank you.
Leland Weaver
Thank you, everyone, for joining our call. For your reference, a copy of our transcript will be posted on the DuPont website. This concludes our call.
Operator
[Operator signoff]
Duration: 53 minutes
Call participants:
Leland Weaver
Ed Breen -- Chief Executive Officer
Lori Koch -- Chief Financial Officer
Steve Tusa -- J.P. Morgan -- Analyst
John Inch -- Gordon Haskett -- Analyst
Scott Davis -- Melius Research -- Analyst
Jeff Sprague -- Vertical Research Partners -- Analyst
David Begleiter -- Deutsche Bank -- Analyst
Steve Byrne -- Bank of America Merrill Lynch -- Analyst
John Roberts -- UBS -- Analyst
Mike Sison -- Wells Fargo Securities -- Analyst
Arun Viswanathan -- RBC Capital Markets -- Analyst
Alex Yefremov -- KeyBanc Capital Markets -- Analyst
More DD analysis
All earnings call transcripts
This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Lori Koch -- Chief Financial Officer And I think about our opportunity in addition to ESG is the potential underneath the infrastructure plan that has targeted investments in the water filtration require a perfect purification space. DuPont (NYSE: DD) Q1 2021 Earnings Call May 04, 2021, 8:00 a.m. In addition to our financial results, we advanced a number of our strategic priorities during the quarter.
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Operator [Operator signoff] Duration: 53 minutes Call participants: Leland Weaver Ed Breen -- Chief Executive Officer Lori Koch -- Chief Financial Officer Steve Tusa -- J.P. Morgan -- Analyst John Inch -- Gordon Haskett -- Analyst Scott Davis -- Melius Research -- Analyst Jeff Sprague -- Vertical Research Partners -- Analyst David Begleiter -- Deutsche Bank -- Analyst Steve Byrne -- Bank of America Merrill Lynch -- Analyst John Roberts -- UBS -- Analyst Mike Sison -- Wells Fargo Securities -- Analyst Arun Viswanathan -- RBC Capital Markets -- Analyst Alex Yefremov -- KeyBanc Capital Markets -- Analyst More DD analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. DuPont (NYSE: DD) Q1 2021 Earnings Call May 04, 2021, 8:00 a.m. In addition to our financial results, we advanced a number of our strategic priorities during the quarter.
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Operator [Operator signoff] Duration: 53 minutes Call participants: Leland Weaver Ed Breen -- Chief Executive Officer Lori Koch -- Chief Financial Officer Steve Tusa -- J.P. Morgan -- Analyst John Inch -- Gordon Haskett -- Analyst Scott Davis -- Melius Research -- Analyst Jeff Sprague -- Vertical Research Partners -- Analyst David Begleiter -- Deutsche Bank -- Analyst Steve Byrne -- Bank of America Merrill Lynch -- Analyst John Roberts -- UBS -- Analyst Mike Sison -- Wells Fargo Securities -- Analyst Arun Viswanathan -- RBC Capital Markets -- Analyst Alex Yefremov -- KeyBanc Capital Markets -- Analyst More DD analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. DuPont (NYSE: DD) Q1 2021 Earnings Call May 04, 2021, 8:00 a.m. In addition to our financial results, we advanced a number of our strategic priorities during the quarter.
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Operator [Operator signoff] Duration: 53 minutes Call participants: Leland Weaver Ed Breen -- Chief Executive Officer Lori Koch -- Chief Financial Officer Steve Tusa -- J.P. Morgan -- Analyst John Inch -- Gordon Haskett -- Analyst Scott Davis -- Melius Research -- Analyst Jeff Sprague -- Vertical Research Partners -- Analyst David Begleiter -- Deutsche Bank -- Analyst Steve Byrne -- Bank of America Merrill Lynch -- Analyst John Roberts -- UBS -- Analyst Mike Sison -- Wells Fargo Securities -- Analyst Arun Viswanathan -- RBC Capital Markets -- Analyst Alex Yefremov -- KeyBanc Capital Markets -- Analyst More DD analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. DuPont (NYSE: DD) Q1 2021 Earnings Call May 04, 2021, 8:00 a.m. In addition to our financial results, we advanced a number of our strategic priorities during the quarter.
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716171.0
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2021-05-04 00:00:00 UTC
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US STOCKS-Rotation out of megacaps set to weigh on Nasdaq at open
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https://www.nasdaq.com/articles/us-stocks-rotation-out-of-megacaps-set-to-weigh-on-nasdaq-at-open-2021-05-04
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By Shreyashi Sanyal
May 4 (Reuters) - The Nasdaq index was set to open lower on Tuesday as investors continued to move out of megacap growth stocks and into companies that are expected to benefit from the reopening of economies.
Highly valued technology companies including Microsoft Corp MSFT.O, Alphabet Inc GOOGL.O, Apple Inc AAPL.O, Amazon.com Inc AMZN.O and Facebook Inc FB.O fell between 0.6% and 1.7% in premarket trading.
U.S. and European stock markets also saw a sudden 0.5% drop in hefty volumes around 7:30 a.m. ET on Tuesday, leaving traders scratching their heads and one calling it a "micro flash crash".
Copious stimulus measures, speedy vaccination drives and the Federal Reserve's accommodative policy stance have spurred a strong rebound in the U.S. economy and pushed Wall Street to record highs this year. The so-called "pandemic winners", however, have recently started to fall out of favor.
"While megacap tech companies have been a core part of the solid performance of portfolios throughout the pandemic, we think investors should be careful to avoid overallocation to this part of the market," Mark Haefele, chief investment officer at UBS Global Wealth Management, wrote in a client note.
"In an environment of accelerating growth, we continue to prefer cyclical and value sectors such as financials and energy."
Planemaker Boeing Co BA.N rose 0.2%, while oil major Chevron Corp CVX.N gained 0.7%.
At 8:38 a.m. ET, Dow e-minis 1YMcv1 were down 136 points, or 0.4%, S&P 500 e-minis EScv1 were down 22.25 points, or 0.53%, and Nasdaq 100 e-minis NQcv1 were down 113 points, or 0.82%.
Among other stocks, Pfizer Inc PFE.N rose 1% as it raised its annual sales forecast for the COVID-19 vaccine it co-developed with Germany's BioNTech SE BNTX.O.
CVS Health Corp CVS.N gained 1.7% on reporting first-quarter profit above analysts' estimates and raising its 2021 profit forecast.
Dupont DD.N edged 0.5% higher after the industrial materials maker raised its full-year profit and revenue forecasts and beat first-quarter expectations.
First-quarter earnings have been largely upbeat. Average profits at S&P 500 companies are expected to have risen 46% in the quarter, compared with forecasts of a 24% growth at the start of April, according to IBES data from Refinitiv.
Investors also awaited data through the week, including the Labor Department's non-farm payrolls data, slated to be released on Friday. The report is expected to show a rise in job additions in April.
(Reporting by Shreyashi Sanyal and Sruthi Shankar in Bengaluru; Editing by Saumyadeb Chakrabarty and Shounak Dasgupta)
((Shreyashi.Sanyal@thomsonreuters.com; +1 646 223 8780; +91 961 144 3740; Twitter: https://twitter.com/s_shreyashi))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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U.S. and European stock markets also saw a sudden 0.5% drop in hefty volumes around 7:30 a.m. Dupont DD.N edged 0.5% higher after the industrial materials maker raised its full-year profit and revenue forecasts and beat first-quarter expectations. The report is expected to show a rise in job additions in April.
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U.S. and European stock markets also saw a sudden 0.5% drop in hefty volumes around 7:30 a.m. Dupont DD.N edged 0.5% higher after the industrial materials maker raised its full-year profit and revenue forecasts and beat first-quarter expectations. The report is expected to show a rise in job additions in April.
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U.S. and European stock markets also saw a sudden 0.5% drop in hefty volumes around 7:30 a.m. Dupont DD.N edged 0.5% higher after the industrial materials maker raised its full-year profit and revenue forecasts and beat first-quarter expectations. The report is expected to show a rise in job additions in April.
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U.S. and European stock markets also saw a sudden 0.5% drop in hefty volumes around 7:30 a.m. Dupont DD.N edged 0.5% higher after the industrial materials maker raised its full-year profit and revenue forecasts and beat first-quarter expectations. The report is expected to show a rise in job additions in April.
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716172.0
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2021-05-04 00:00:00 UTC
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ANALYSIS-Buffett's ESG snub risks alienating Wall Street
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https://www.nasdaq.com/articles/analysis-buffetts-esg-snub-risks-alienating-wall-street-2021-05-04
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By Ross Kerber, Jessica DiNapoli and Jonathan Stempel
May 4 (Reuters) - Berkshire Hathaway Inc BRKa.N shareholders can accept Chairman Warren Buffett's hostility to bitcoin, blank-check acquisition firms and wild bets on trading app Robinhood. But when it comes to environmental, social and corporate governance (ESG) standards, many are drawing a line.
Buffett and his board opposed two shareholder resolutions at Berkshire Hathaway's annual shareholder meeting last week that called for annual reports on how its companies are responding to the challenge of climate change, as well as reports on diversity and inclusion in the workplace.
He prevailed, supported by directors who along with him control a combined 35% of Berkshire Hathaway's voting power. But some of his top investors, including BlackRock Inc BLK.N, the world's biggest asset manager, were part of the roughly 25% of Berkshire Hathaway shareholders who defied him and voted for each resolution. The California Public Employees' Retirement System, the largest U.S. public pension fund, and Federated Hermes Inc FHI.N, the $625 billion asset manager based in Pittsburgh, were among sponsors of the climate-change resolution.
It is a steadily growing trend. Environment-related proposals at Berkshire Hathaway's 2018 annual meeting drew no more than 12% support from shareholders, as did a resolution on diversity last year.
As more Wall Street funds manage assets with a mandate to consider ESG causes, some corporate governance experts say pressure on Buffett will increase in the coming years.
"Even an investor of Buffett's renown may not be immune to such larger market trends," said Ric Marshall, executive director for ESG Research at MSCI Inc.
Berkshire Hathaway and Buffett did not respond on Monday to requests for comment.
In opposing the shareholder proposals, Berkshire Hathaway's board argued that the Omaha, Nebraska-based company's decentralized business model made it unreasonable to have one-size-fits-all standards for its operating units on climate change and diversity.
Buffett, one of the world's biggest philanthropists, told investors during Saturday's shareholder meeting that requiring ESG reports from all the subsidiaries would be "asinine," because many of them are small and Berkshire Hathaway allows them to run independently.
He also said he does not like making "moral judgments" on businesses, and it is "very tough" to decide which ones benefit society.
Berkshire Hathaway is hardly alone. Other major companies, including Citigroup Inc C.N and Amazon.com Inc AMZN.O, have resisted ESG shareholder proposals, calling them impractical or inferior to their own.
Whistle Stop Capital CEO Meredith Benton, a consultant to shareholder group As You Sow, which filed the Berkshire Hathaway diversity proposal, said Berkshire Hathaway stood out in demonstrating little initiative on the ESG front and Buffett showed a "lack of leadership."
"Even Buffett can't ignore what his investors are asking for," Benton said.
DISCLOSURES, NOT HOPE
In a note on its website, BlackRock criticized Berkshire Hathaway for not adequately showing how its business model would be "compatible with a low-carbon economy" and not disclosing information to help investors assess its diversity efforts.
Federated Hermes' Tim Youmans, one of the firm's engagement leaders, said Berkshire Hathaway Vice Chairman Greg Abel, who Buffett said this week would become chief executive if he were to step down, seemed more focused on climate change at the shareholder meeting than his boss.
Abel said at the shareholder meeting that all of Berkshire's coal-fired power plants would be shut by 2049 and that its utility businesses had already made a big transition to renewable energy.
Youmans said this gave him hope the company would be more responsive on ESG questions, but added, "We're looking for disclosures and targets as opposed to hope."
Shareholder proposals on environmental and social issues at S&P 1500 companies averaged 28% support in 2020, up from 20% in 2017, according to proxy solicitor Georgeson.
Activists hope to do even better in 2021 after the United States rejoined the Paris climate agreement and the Black Lives Matter movement drew wide support.
Dupont DD.N shareholders overwhelmingly backed proposals last week calling for the disclosure of workforce diversity data and a report on plastic pollution.
The 81% of votes cast for the latter was a U.S. record for an environmental proposal opposed by management, according to Heidi Welsh, executive director of the Sustainable Investments Institute.
(Reporting by Ross Kerber in Boston and Jessica DiNapoli and Jon Stempel in New York Editing by Greg Roumeliotis and Leslie Adler)
((ross.kerber@thomsonreuters.com; (617) 856 4341; Reuters Messaging: Ross.Kerber.Reuters.com@Reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Youmans said this gave him hope the company would be more responsive on ESG questions, but added, "We're looking for disclosures and targets as opposed to hope." Dupont DD.N shareholders overwhelmingly backed proposals last week calling for the disclosure of workforce diversity data and a report on plastic pollution. By Ross Kerber, Jessica DiNapoli and Jonathan Stempel May 4 (Reuters) - Berkshire Hathaway Inc BRKa.N shareholders can accept Chairman Warren Buffett's hostility to bitcoin, blank-check acquisition firms and wild bets on trading app Robinhood.
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Youmans said this gave him hope the company would be more responsive on ESG questions, but added, "We're looking for disclosures and targets as opposed to hope." Dupont DD.N shareholders overwhelmingly backed proposals last week calling for the disclosure of workforce diversity data and a report on plastic pollution. By Ross Kerber, Jessica DiNapoli and Jonathan Stempel May 4 (Reuters) - Berkshire Hathaway Inc BRKa.N shareholders can accept Chairman Warren Buffett's hostility to bitcoin, blank-check acquisition firms and wild bets on trading app Robinhood.
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Youmans said this gave him hope the company would be more responsive on ESG questions, but added, "We're looking for disclosures and targets as opposed to hope." Dupont DD.N shareholders overwhelmingly backed proposals last week calling for the disclosure of workforce diversity data and a report on plastic pollution. Buffett and his board opposed two shareholder resolutions at Berkshire Hathaway's annual shareholder meeting last week that called for annual reports on how its companies are responding to the challenge of climate change, as well as reports on diversity and inclusion in the workplace.
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Youmans said this gave him hope the company would be more responsive on ESG questions, but added, "We're looking for disclosures and targets as opposed to hope." Dupont DD.N shareholders overwhelmingly backed proposals last week calling for the disclosure of workforce diversity data and a report on plastic pollution. Buffett and his board opposed two shareholder resolutions at Berkshire Hathaway's annual shareholder meeting last week that called for annual reports on how its companies are responding to the challenge of climate change, as well as reports on diversity and inclusion in the workplace.
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716173.0
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2021-05-04 00:00:00 UTC
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DuPont raises 2021 forecast on robust demand from chip, auto makers
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https://www.nasdaq.com/articles/dupont-raises-2021-forecast-on-robust-demand-from-chip-auto-makers-2021-05-04
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May 3 (Reuters) - Industrial materials maker DuPont DD.N raised its full-year profit and revenue forecasts and breezed past first-quarter expectations on Tuesday, boosted by demand from chip companies as well as a recovery in automobile markets.
The company, which makes everything from brake fluid to fabric used in protective garments, is benefiting from a recovery in demand from the COVID-19 pandemic-led slump and costs cuts it implemented last year to cope with the fallout of the health crisis.
DuPont, once part of the erstwhile chemical giant DowDuPont, said it expects net sales between $15.70 billion and $15.90 billion and adjusted earnings per share in the range of $3.60 to $3.75 for the year ended December 2021.
It had previously forecast sales between $15.40 billion and $15.60 billion on earnings of $3.30 to $3.45 per share.
DuPont's adjusted earnings per share of 91 cents for the first quarter beat estimates of 76 cents.
Sales of $4 billion also surpassed $3.85 billion estimated by analysts, partially helped by strong demand for water filtration technologies.
(Reporting by Arathy S Nair in Bengaluru; Editing by Shinjini Ganguli)
((arathys.nair@thomsonreuters.com; +1 646 223 8780 (Extn 2726); Twitter: https://twitter.com/ArathySom;))
The views and 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 3 (Reuters) - Industrial materials maker DuPont DD.N raised its full-year profit and revenue forecasts and breezed past first-quarter expectations on Tuesday, boosted by demand from chip companies as well as a recovery in automobile markets. The company, which makes everything from brake fluid to fabric used in protective garments, is benefiting from a recovery in demand from the COVID-19 pandemic-led slump and costs cuts it implemented last year to cope with the fallout of the health crisis. (Reporting by Arathy S Nair in Bengaluru; Editing by Shinjini Ganguli) ((arathys.nair@thomsonreuters.com; +1 646 223 8780 (Extn 2726); Twitter: https://twitter.com/ArathySom;)) The views and 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 3 (Reuters) - Industrial materials maker DuPont DD.N raised its full-year profit and revenue forecasts and breezed past first-quarter expectations on Tuesday, boosted by demand from chip companies as well as a recovery in automobile markets. DuPont, once part of the erstwhile chemical giant DowDuPont, said it expects net sales between $15.70 billion and $15.90 billion and adjusted earnings per share in the range of $3.60 to $3.75 for the year ended December 2021. It had previously forecast sales between $15.40 billion and $15.60 billion on earnings of $3.30 to $3.45 per share.
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May 3 (Reuters) - Industrial materials maker DuPont DD.N raised its full-year profit and revenue forecasts and breezed past first-quarter expectations on Tuesday, boosted by demand from chip companies as well as a recovery in automobile markets. DuPont, once part of the erstwhile chemical giant DowDuPont, said it expects net sales between $15.70 billion and $15.90 billion and adjusted earnings per share in the range of $3.60 to $3.75 for the year ended December 2021. It had previously forecast sales between $15.40 billion and $15.60 billion on earnings of $3.30 to $3.45 per share.
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May 3 (Reuters) - Industrial materials maker DuPont DD.N raised its full-year profit and revenue forecasts and breezed past first-quarter expectations on Tuesday, boosted by demand from chip companies as well as a recovery in automobile markets. DuPont, once part of the erstwhile chemical giant DowDuPont, said it expects net sales between $15.70 billion and $15.90 billion and adjusted earnings per share in the range of $3.60 to $3.75 for the year ended December 2021. It had previously forecast sales between $15.40 billion and $15.60 billion on earnings of $3.30 to $3.45 per share.
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139bde42-8019-48cc-902c-8de95bea44bc
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716174.0
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2021-05-04 00:00:00 UTC
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EI DuPont De Nemours & Co. Q1 adjusted earnings of $0.91 per share
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DD
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https://www.nasdaq.com/articles/ei-dupont-de-nemours-co.-q1-adjusted-earnings-of-%240.91-per-share-2021-05-04
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nan
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nan
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(RTTNews) - Below are the earnings highlights for EI DuPont De Nemours & Co. (DD):
-Earnings: $541 million in Q1 vs. -$550 million in the same period last year. -EPS: $0.89 in Q1 vs. -$0.75 in the same period last year. -Excluding items, EI DuPont De Nemours & Co. reported adjusted earnings of $550 million or $0.91 per share for the period. -Revenue: $3.98 billion in Q1 vs. $3.67 billion in the same period last year.
-Guidance: Next quarter EPS guidance: $0.93 - $0.95 Next quarter revenue guidance: $3.925 - $4.025 Bln Full year EPS guidance: $3.60 - $3.75 Full year revenue guidance: $15.7 - $15.9 Bln
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Below are the earnings highlights for EI DuPont De Nemours & Co. (DD): -Earnings: $541 million in Q1 vs. -$550 million in the same period last year. -Excluding items, EI DuPont De Nemours & Co. reported adjusted earnings of $550 million or $0.91 per share for the period. -Guidance: Next quarter EPS guidance: $0.93 - $0.95 Next quarter revenue guidance: $3.925 - $4.025 Bln Full year EPS guidance: $3.60 - $3.75 Full year revenue guidance: $15.7 - $15.9 Bln The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Below are the earnings highlights for EI DuPont De Nemours & Co. (DD): -Earnings: $541 million in Q1 vs. -$550 million in the same period last year. -Excluding items, EI DuPont De Nemours & Co. reported adjusted earnings of $550 million or $0.91 per share for the period. -Guidance: Next quarter EPS guidance: $0.93 - $0.95 Next quarter revenue guidance: $3.925 - $4.025 Bln Full year EPS guidance: $3.60 - $3.75 Full year revenue guidance: $15.7 - $15.9 Bln The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Below are the earnings highlights for EI DuPont De Nemours & Co. (DD): -Earnings: $541 million in Q1 vs. -$550 million in the same period last year. -Excluding items, EI DuPont De Nemours & Co. reported adjusted earnings of $550 million or $0.91 per share for the period. -Guidance: Next quarter EPS guidance: $0.93 - $0.95 Next quarter revenue guidance: $3.925 - $4.025 Bln Full year EPS guidance: $3.60 - $3.75 Full year revenue guidance: $15.7 - $15.9 Bln The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Below are the earnings highlights for EI DuPont De Nemours & Co. (DD): -Earnings: $541 million in Q1 vs. -$550 million in the same period last year. -Excluding items, EI DuPont De Nemours & Co. reported adjusted earnings of $550 million or $0.91 per share for the period. -Revenue: $3.98 billion in Q1 vs. $3.67 billion in the same period last year.
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9b6563e0-6036-4345-a969-358c0cb1bb77
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716175.0
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2021-05-04 00:00:00 UTC
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EI DuPont De Nemours & Co. Q1 21 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.-q1-21-earnings-conference-call-at-8%3A00-am-et-2021-05-04
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nan
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nan
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(RTTNews) - EI DuPont De Nemours & Co. (DD) will host a conference call at 8:00 AM ET on May 4, 2021, to discuss Q1 21 earnings results.
To access the live webcast, log on to https://www.investors.dupont.com/investors/dupont-investors/events-and-presentations/default.aspx
The views and 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 4, 2021, to discuss Q1 21 earnings results. To access the live webcast, log on to https://www.investors.dupont.com/investors/dupont-investors/events-and-presentations/default.aspx The views and 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 4, 2021, to discuss Q1 21 earnings results. To access the live webcast, log on to https://www.investors.dupont.com/investors/dupont-investors/events-and-presentations/default.aspx The views and 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 4, 2021, to discuss Q1 21 earnings results. To access the live webcast, log on to https://www.investors.dupont.com/investors/dupont-investors/events-and-presentations/default.aspx The views and 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 4, 2021, to discuss Q1 21 earnings results. To access the live webcast, log on to https://www.investors.dupont.com/investors/dupont-investors/events-and-presentations/default.aspx The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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82a0b57c-0e95-4525-868c-3b526185f5d4
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716176.0
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2021-05-04 00:00:00 UTC
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DuPont Sees Q2 Results Above Market View; Lifts FY21 Outlook
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DD
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https://www.nasdaq.com/articles/dupont-sees-q2-results-above-market-view-lifts-fy21-outlook-2021-05-04
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nan
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nan
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(RTTNews) - While reporting strong first-quarter net profit with asset sale gain and higher revenues, DuPont De Nemours & Co. (DD) Tuesday said it expects significantly higher second-quarter results. The company also raised fiscal 2021 guidance for adjusted earnings per share, operating EBITDA and net sales.
For the second quarter, the company projects adjusted earnings per share between $0.93 and $0.95, net sales between $3.925 billion and $4.025 billion, and operating EBITDA between $990 million and $1.01 billion.
On average, analysts polled by Thomson Reuters expect earnings of $0.88 per share and net sales of $3.85 billion for the quarter. Analysts' estimates typically exclude special items.
For full year 2021, the company now estimates adjusted earnings per share in the range of $3.60 to $3.75 per share, an increase of $0.30 per share from previous estimates.
Operating EBITDA is expected between $3.98 billion and $4.08 billion and net sales between $15.7 billion and $15.9 billion.
The company previously expected adjusted earnings per share in the range of $3.30 to $3.45 per share, and net sales of $15.4 - $15.6 billion.
Analysts expect earnings of $3.45 per share and net sales of $15.6 billion for the year.
Lori Koch, Chief Financial Officer of DuPont, said, "With a strong start to the year, positive trends continuing in our key end-markets and confidence in our team's ability to navigate through global supply constraints, we are raising our guidance for the year for net sales, operating EBITDA and adjusted EPS...We also expect similar top-line trends continuing from first quarter into the second quarter coupled with slight escalation in raw materials and logistics costs."
The views and 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) - While reporting strong first-quarter net profit with asset sale gain and higher revenues, DuPont De Nemours & Co. (DD) Tuesday said it expects significantly higher second-quarter results. The company also raised fiscal 2021 guidance for adjusted earnings per share, operating EBITDA and net sales. On average, analysts polled by Thomson Reuters expect earnings of $0.88 per share and net sales of $3.85 billion for the quarter.
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(RTTNews) - While reporting strong first-quarter net profit with asset sale gain and higher revenues, DuPont De Nemours & Co. (DD) Tuesday said it expects significantly higher second-quarter results. The company also raised fiscal 2021 guidance for adjusted earnings per share, operating EBITDA and net sales. For the second quarter, the company projects adjusted earnings per share between $0.93 and $0.95, net sales between $3.925 billion and $4.025 billion, and operating EBITDA between $990 million and $1.01 billion.
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(RTTNews) - While reporting strong first-quarter net profit with asset sale gain and higher revenues, DuPont De Nemours & Co. (DD) Tuesday said it expects significantly higher second-quarter results. For the second quarter, the company projects adjusted earnings per share between $0.93 and $0.95, net sales between $3.925 billion and $4.025 billion, and operating EBITDA between $990 million and $1.01 billion. Operating EBITDA is expected between $3.98 billion and $4.08 billion and net sales between $15.7 billion and $15.9 billion.
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(RTTNews) - While reporting strong first-quarter net profit with asset sale gain and higher revenues, DuPont De Nemours & Co. (DD) Tuesday said it expects significantly higher second-quarter results. The company also raised fiscal 2021 guidance for adjusted earnings per share, operating EBITDA and net sales. For the second quarter, the company projects adjusted earnings per share between $0.93 and $0.95, net sales between $3.925 billion and $4.025 billion, and operating EBITDA between $990 million and $1.01 billion.
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97ff6849-a4df-4044-8b59-7d22a8981805
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716177.0
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2021-05-03 00:00:00 UTC
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Pre-Market Earnings Report for May 4, 2021 : PFE, CVS, COP, D, GPN, ETN, IDXX, TRI, SYY, DD, RACE, CMI
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DD
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https://www.nasdaq.com/articles/pre-market-earnings-report-for-may-4-2021-%3A-pfe-cvs-cop-d-gpn-etn-idxx-tri-syy-dd-race-cmi
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nan
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nan
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The following companies are expected to report earnings prior to market open on 05/04/2021. Visit our Earnings Calendar for a full list of expected earnings releases.
Pfizer, Inc. (PFE) is reporting for the quarter ending March 31, 2021. The large cap pharmaceutical company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.79. This value represents a 1.25% decrease compared to the same quarter last year. PFE missed the consensus earnings per share in the 4th calendar quarter of 2020 by -8.7%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for PFE is 11.71 vs. an industry ratio of 14.10.
CVS Health Corporation (CVS) is reporting for the quarter ending March 31, 2021. The drug store company's consensus earnings per share forecast from the 10 analysts that follow the stock is $1.72. This value represents a 9.95% decrease compared to the same quarter last year. In the past year CVS has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 4.84%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for CVS is 10.12 vs. an industry ratio of 11.50.
ConocoPhillips (COP) is reporting for the quarter ending March 31, 2021. The oil company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.57. This value represents a 26.67% increase compared to the same quarter last year. Zacks Investment Research reports that the 2021 Price to Earnings ratio for COP is 16.99 vs. an industry ratio of 28.10.
Dominion Energy, Inc. (D) is reporting for the quarter ending March 31, 2021. The electric power utilities company's consensus earnings per share forecast from the 4 analysts that follow the stock is $1.08. This value represents a 0.92% decrease compared to the same quarter last year. D missed the consensus earnings per share in the 1st calendar quarter of 2020 by -0.91%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for D is 20.75 vs. an industry ratio of 13.30, implying that they will have a higher earnings growth than their competitors in the same industry.
Global Payments Inc. (GPN) is reporting for the quarter ending March 31, 2021. The financial transactions company's consensus earnings per share forecast from the 13 analysts that follow the stock is $1.67. This value represents a 11.33% increase compared to the same quarter last year. In the past year GPN has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 1.81%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for GPN is 28.43 vs. an industry ratio of 49.60.
Eaton Corporation, PLC (ETN) is reporting for the quarter ending March 31, 2021. The machinery company's consensus earnings per share forecast from the 9 analysts that follow the stock is $1.25. This value represents a 14.68% increase compared to the same quarter last year. In the past year ETN has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 4.92%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for ETN is 25.12 vs. an industry ratio of 16.40, implying that they will have a higher earnings growth than their competitors in the same industry.
IDEXX Laboratories, Inc. (IDXX) is reporting for the quarter ending March 31, 2021. The medical instruments company's consensus earnings per share forecast from the 5 analysts that follow the stock is $1.72. This value represents a 33.33% increase compared to the same quarter last year. In the past year IDXX has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 40.56%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for IDXX is 72.71 vs. an industry ratio of 67.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Thomson Reuters Corp (TRI) is reporting for the quarter ending March 31, 2021. The technology services company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.40. This value represents a 16.67% decrease compared to the same quarter last year. TRI missed the consensus earnings per share in the 1st calendar quarter of 2020 by -4%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for TRI is 50.66 vs. an industry ratio of -26.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Sysco Corporation (SYY) is reporting for the quarter ending March 31, 2021. The food company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.20. This value represents a 55.56% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2021 Price to Earnings ratio for SYY is 58.43 vs. an industry ratio of 40.20, implying that they will have a higher earnings growth than their competitors in the same industry.
DuPont de Nemours, Inc. (DD) is reporting for the quarter ending March 31, 2021. The chemical company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.77. This value represents a 8.33% decrease compared to the same quarter last year. In the past year DD has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 3.26%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for DD is 22.35 vs. an industry ratio of 23.70.
Ferrari N.V. (RACE) is reporting for the quarter ending March 31, 2021. The auto (truck) company's consensus earnings per share forecast from the 3 analysts that follow the stock is $1.33. This value represents a 34.34% increase compared to the same quarter last year. RACE missed the consensus earnings per share in the 2nd calendar quarter of 2020 by -33.33%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for RACE is 43.02 vs. an industry ratio of 10.80, implying that they will have a higher earnings growth than their competitors in the same industry.
Cummins Inc. (CMI) is reporting for the quarter ending March 31, 2021. The engines company's consensus earnings per share forecast from the 9 analysts that follow the stock is $3.46. This value represents a 8.81% increase compared to the same quarter last year. In the past year CMI has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 22.63%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for CMI is 17.90 vs. an industry ratio of 14.50, implying that they will have a higher earnings growth than their competitors in the same industry.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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DuPont de Nemours, Inc. (DD) is reporting for the quarter ending March 31, 2021. In the past year DD has beat the expectations every quarter. Zacks Investment Research reports that the 2021 Price to Earnings ratio for DD is 22.35 vs. an industry ratio of 23.70.
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DuPont de Nemours, Inc. (DD) is reporting for the quarter ending March 31, 2021. In the past year DD has beat the expectations every quarter. Zacks Investment Research reports that the 2021 Price to Earnings ratio for DD is 22.35 vs. an industry ratio of 23.70.
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DuPont de Nemours, Inc. (DD) is reporting for the quarter ending March 31, 2021. In the past year DD has beat the expectations every quarter. Zacks Investment Research reports that the 2021 Price to Earnings ratio for DD is 22.35 vs. an industry ratio of 23.70.
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DuPont de Nemours, Inc. (DD) is reporting for the quarter ending March 31, 2021. In the past year DD has beat the expectations every quarter. Zacks Investment Research reports that the 2021 Price to Earnings ratio for DD is 22.35 vs. an industry ratio of 23.70.
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457ac8c0-ae2d-44fc-ab34-c112ccb17071
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716178.0
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2021-05-03 00:00:00 UTC
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World Reimagined: The Food Flavors Market Could Hit Nearly $20 Billion; Stocks to Watch
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DD
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https://www.nasdaq.com/articles/world-reimagined%3A-the-food-flavors-market-could-hit-nearly-%2420-billion-stocks-to-watch
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nan
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nan
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W
hether the food we eat is spicy, sweet, savory, or even bland, there is little question that flavor matters. Flavorful food is rewarding, and even some flavors that might be stomach-churning for some can be quite appealing to others. That said, we think many question the vomit-flavored jelly bean even if it was created to bring a fictional world into our reality. The bottom line is that flavor sells, and as we know consumer tastes can be fickle. Different flavors come in and out of favor, but as we embrace plant-based alternatives, particularly for meat, consumer expectations call for something that tastes as good as the original, if not better. For investors, this flavor demand can be satisfied by a handful of global companies attacking the food flavors market, which Fortune Business Insights sees reaching $19.3 billion by 2027, up from $14.1 billion in 2019.
What is flavor?
On our path to discussing those companies, first let's understand what flavor is. Flavor is the sensory impression of a food or other substance, and is determined mainly by the chemical senses of taste and smell. While many of us would think taste is the key determinant of flavor, it’s really the smell that influences the flavor. The reason for this is rather simple - the taste of food is limited to sweet, sour, bitter, salty, and umami. Yes, while we fancy ourselves rather proficient in our respective kitchens, we too had to do some googling to figure out what umami is. The smells of a food are potentially limitless due in part to the fact the human nose can detect more than one trillion different scents.
This means that altering a food’s taste relies not so much on its actual taste, but rather its smell. Examples of this can be found across soft drinks and flavored jellies. The point being that when we think of companies that influence the flavor of food, we have to consider not only spice and ingredient companies, but scent and fragrance ones as well. Food (or flavor?) for thought.
Plant-based alternatives
The combination of taste and smell sensations are called flavorants, and we use them to alter or enhance the flavors of natural food product such as meats and vegetables. From the simple salt and pepper to the more complex spices you have in your pantry, their purpose is to enhance the natural flavor of the food so it is more appetizing. Flavorants also add flavor to those food products that may not have the desired flavors, such as different packaged foods that include candies, snacks, beverages, and yes, plant-based foods, particularly plant-based meat alternatives.
According to the Plant Based Foods Association, the number one driver of all food purchases is taste. As more food becomes plant-based, there will be more demand for the colors, flavors and scents that consumers have grown accustomed to and these products will become a larger part of the science of food. The plant-based meat market is expected to reach $13.8 billion by 2027, a dramatic increase compared to $3.3 billion in 2019, as folks look to adopt healthier lifestyles and become more socially responsible. Conventional animal agriculture contributes 18% of all global greenhouse gas emissions – that’s more than the entire transportation sector!
Cleaner preferences
Consumers are also increasingly seeking colors, flavors, fragrances and other ingredients that are organic, contain less sodium, are gluten-free, and are non-GMO (genetically modified organisms). Moreover, they are no longer willing to trade off taste for health and nutrition. In 2017, 57% of consumers agreed that nutrition is more important than taste, but only 48% of consumers in 2019 agreed. Furthermore, with consumers wanting less sugar and sodium in food and beverages or the addition of functional ingredients to boost nutritional benefits, the need to build back or balance taste expectations will continue to be key. The confluence of these factors is expected push the global natural and organic flavors market to $10.7 billion by 2027, which equates to a compound annual growth rate of 8.1% over the 2019-2027 period.
Adding some flavor to your portfolio
When it comes to the combination of flavor, taste and fragrance, investors have roughly a handful of public companies in which to invest. According to data published by Statista, the largest is Givaudan SA (GIVN:SW) with 16% of the global flavored and fragrance market followed by International Flavors & Fragrances (IFF) at 13%, rounded out by Symrise AG (SY1:GR) and privately held Firmenich at 10% each. Quickly tallying the market share percentages published by Statista suggests half of the flavor and fragrance market remains, but we’d quickly note that compilation doesn’t call out McCormick & Co. (MKC) or flavor and color company Sensient Technologies (SXT). Even after adjusting for those two additions, the flavor and fragrance market is a rather fragmented one, and if recent history holds, we could see the recent wave of acquisition activity continue as companies look to position themselves to meet evolving consumer preferences.
In recent years, McCormick & Co., the company behind Grill Mates Montreal Seasoning, Lawry’s Seasoned Salt, Old Bay, and Frank’s Red Hot Sauce, among others, has been on an acquisition spree. The company recently acquired clean and natural flavor company FONA International, which had sales near $114 million, for $710 million. That purchase closely followed McCormick’s buying hot sauce maker Cholula for $800 million. We’d point out that McCormick is a member of the Dividend Aristocrats, which means it’s not only a member of the S&P 500 but it has continued to increase its dividend for over 25 consecutive years. In our view, we see a company’s ability to deliver that track record while integrating acquisitions pointing to a disciplined and financially savvy management team.
International Flavors & Fragrances recently merged with the Nutrition & Biosciences business at DuPont (DD). This combination follows IFF’s 2018 acquisition of Frutarom that enhanced its position in natural taste, scent and nutrition. When IFF reports its quarterly results on May 11, investors should pay attention the expected synergies to be had that will likely range from flavors and fragrances and cross marketing opportunities but cost reductions as well. The degree to which IFF shares more granular thoughts on those matters, the more likely we could see meaningful changes to the current 2021 and 2022 consensus EPS forecasts of $5.91 and $6.59, respectively.
Individual companies continue to grow both organically and through acquisition as discussed here. There is no doubt to us that this segment of the food industry is one that is poised for growth, especially given the move away from animal-based protein (meat) and toward plant-based sources. As anyone who has cooked with soybean products can tell you, inasmuch as soybeans are a very versatile food, the one thing they lack above all is flavor.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Furthermore, with consumers wanting less sugar and sodium in food and beverages or the addition of functional ingredients to boost nutritional benefits, the need to build back or balance taste expectations will continue to be key. Flavorants also add flavor to those food products that may not have the desired flavors, such as different packaged foods that include candies, snacks, beverages, and yes, plant-based foods, particularly plant-based meat alternatives. Adding some flavor to your portfolio When it comes to the combination of flavor, taste and fragrance, investors have roughly a handful of public companies in which to invest.
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Flavorants also add flavor to those food products that may not have the desired flavors, such as different packaged foods that include candies, snacks, beverages, and yes, plant-based foods, particularly plant-based meat alternatives. Furthermore, with consumers wanting less sugar and sodium in food and beverages or the addition of functional ingredients to boost nutritional benefits, the need to build back or balance taste expectations will continue to be key. Adding some flavor to your portfolio When it comes to the combination of flavor, taste and fragrance, investors have roughly a handful of public companies in which to invest.
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Flavorants also add flavor to those food products that may not have the desired flavors, such as different packaged foods that include candies, snacks, beverages, and yes, plant-based foods, particularly plant-based meat alternatives. Furthermore, with consumers wanting less sugar and sodium in food and beverages or the addition of functional ingredients to boost nutritional benefits, the need to build back or balance taste expectations will continue to be key. Adding some flavor to your portfolio When it comes to the combination of flavor, taste and fragrance, investors have roughly a handful of public companies in which to invest.
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Flavorants also add flavor to those food products that may not have the desired flavors, such as different packaged foods that include candies, snacks, beverages, and yes, plant-based foods, particularly plant-based meat alternatives. Furthermore, with consumers wanting less sugar and sodium in food and beverages or the addition of functional ingredients to boost nutritional benefits, the need to build back or balance taste expectations will continue to be key. Adding some flavor to your portfolio When it comes to the combination of flavor, taste and fragrance, investors have roughly a handful of public companies in which to invest.
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814ff731-90cf-483e-b7a8-91e8f5eaf01a
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716179.0
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2021-04-27 00:00:00 UTC
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This Is Why Zymergen's IPO Was a Huge Success
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https://www.nasdaq.com/articles/this-is-why-zymergens-ipo-was-a-huge-success-2021-04-27
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Polymer manufacturing technology has come a long way since a random guest at Mrs. Robinson's pool party told Dustin Hoffman there's a great future in plastics. Mr. McGuire was right, but his head would have exploded if he knew what synthetic biology upstarts like Zymergen (NASDAQ: ZY) had in store.
Zymergen's unique application of machine learning and robotic automation techniques to biological systems has captured imaginations and lots of capital, even though the company doesn't have a steady source of revenue yet. Here's why investors keep shoveling money at this high-risk start-up.
Image source: Getty Images.
A capital magnet
Between December 2018 and its IPO, Zymergen raised $700 million from investors as a private company. On April 21, the company took in another $500 million in a successful initial public offering (IPO).
Zymergen's most advanced products are impressive, but they haven't produced significant revenue yet. Investors are betting on huge profits in the future because its products can be produced in a bulk fermentation process by cultures of its proprietary microorganisms.
Biofacturing products
Armed with eye-popping sums of start-up cash, Zymergen plans to take the world of high-end polymer manufacturing to a new level with help from carefully selected microorganisms. The company's microbe-driven biofacturing platform looks ready to come up with new products at an impressive pace.
Zymergen's unique approach combines machine learning with robotic automation to create and test millions of genetic strains at a time. Last December, the company began a soft launch for its first product, Hyaline. This is a clear polyimide film for building next-generation smartphone screens and flexible printed circuits with properties similar to the Kapton brand from DuPont (NYSE: DD).
For decades, various Kapton films have shielded electronic components from harsh environments, but their applications are limited by Kapton's opacity. By selecting from millions of potential microbes bred to assemble the building blocks that make Kapton, Zymergen was able to breed a strain that creates a transparent film.
Launch acceleration?
With machine learning algorithms and automated robotics to do the tedious work, Hyaline could be the first commercial-stage biomolecule of many for Zymergen. Before following hordes of institutional investors into Zymergen, though, it's important to understand the company can't deliver Hyaline or any biomolecule at scale yet. The company thinks it can begin producing Hyaline at a profit in large fermentation vats after its salesforce convinces equipment manufacturers to start ordering significant quantities.
At the moment, Zymergen's still relying on a process it calls Launch Acceleration, which means it's still relying on a third party to manufacture its products without a fermentation process in sample-sized batches. In other words, nobody knows if Zymergen can produce Hyaline or any next-generation materials at a reasonable price point. Despite "launching" Hyaline in December, the company doesn't expect commercial-scale production to begin until 2022.
Believe it when you see it
Zymergen investors are depending on a non-existent bulk fermentation process to produce next-generation materials at reasonable prices. Strangely, the company hasn't started trying to produce anything at scale and it doesn't have a good excuse for not doing so.
If Zymergen was going slow in order to save money, the lack of progress so far might be forgivable but this is not the case. Since its inception in 2018, the company's burned through over $740 million of its investors' money. Until Zymergen stops waving around this glaring red flag, it's probably best to play wait and see with this highly speculative stock.
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Cory Renauer has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This is a clear polyimide film for building next-generation smartphone screens and flexible printed circuits with properties similar to the Kapton brand from DuPont (NYSE: DD). Zymergen's unique application of machine learning and robotic automation techniques to biological systems has captured imaginations and lots of capital, even though the company doesn't have a steady source of revenue yet. Biofacturing products Armed with eye-popping sums of start-up cash, Zymergen plans to take the world of high-end polymer manufacturing to a new level with help from carefully selected microorganisms.
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This is a clear polyimide film for building next-generation smartphone screens and flexible printed circuits with properties similar to the Kapton brand from DuPont (NYSE: DD). Zymergen's unique application of machine learning and robotic automation techniques to biological systems has captured imaginations and lots of capital, even though the company doesn't have a steady source of revenue yet. Believe it when you see it Zymergen investors are depending on a non-existent bulk fermentation process to produce next-generation materials at reasonable prices.
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This is a clear polyimide film for building next-generation smartphone screens and flexible printed circuits with properties similar to the Kapton brand from DuPont (NYSE: DD). Zymergen's unique application of machine learning and robotic automation techniques to biological systems has captured imaginations and lots of capital, even though the company doesn't have a steady source of revenue yet. Before following hordes of institutional investors into Zymergen, though, it's important to understand the company can't deliver Hyaline or any biomolecule at scale yet.
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This is a clear polyimide film for building next-generation smartphone screens and flexible printed circuits with properties similar to the Kapton brand from DuPont (NYSE: DD). A capital magnet Between December 2018 and its IPO, Zymergen raised $700 million from investors as a private company. Despite "launching" Hyaline in December, the company doesn't expect commercial-scale production to begin until 2022.
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12c259c7-17ed-4464-9c21-9b1ebf75323d
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716180.0
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2021-04-27 00:00:00 UTC
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What To Expect From Corning's Q1?
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DD
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https://www.nasdaq.com/articles/what-to-expect-from-cornings-q1-2021-04-27
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nan
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nan
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Corning stock (NYSE: GLW) is scheduled to report its Q1 2021 results on Tuesday, April 27. We expect Corning to likely post revenue and earnings slightly below the street expectations. The revenues are expected to trend higher led by improved demand for its optical fiber as well as premium glass business. The company expects glass supply to remain stressed, translating into a better pricing environment for Corning. We expect the company to navigate well through the quarter based on these trends.
However, much of the positives appear to be priced in the current value of GLW stock. Our forecast indicates that Corning’s valuation is around $46 per share, which is in-line with the current market price. Our interactive dashboard analysis on Corning’s Pre-Earnings has additional details.
(1) Revenues expected to be slightly below the consensus estimates
Trefis estimates Corning’s Q1 2021 revenues to be around $3.10 Bil, slightly below the $3.13 Bil consensus estimate. The gradual opening up of economies and vaccination programs in the U.S. has resulted in a pickup in economic activities, and this should bode well for Corning’s businesses. The company will likely see increased demand for optical fiber amid 5G expansion. The company is also expected to see market share gains in Europe and China, especially for its gasoline particulate filters. Despite a challenging year, the company managed to grow its gasoline particulate filter sales in 2020, as Europe and China focus on new emission regulations. Looking back at Q4 2020, Corning’s revenues grew 17% y-o-y and 11% sequentially to $3.3 Bil, with this led by strong growth for specialty materials and environmental technologies businesses, a trend expected to continue in the near term as well. Our dashboard on Corning’s Revenues offers more details on the company’s segments.
2) EPS also likely to be below the consensus estimates
Corning’s Q1 2021 earnings per share (EPS) is expected to be $0.42 per Trefis analysis, slightly below the consensus estimate of $0.43. Corning’s adjusted net income of $462 million in Q4 2020 reflected a 14% rise from its $406 million figure in the prior-year quarter. This can be attributed to higher revenues, a modest decline in net margins, and a modest rise in total shares outstanding. That said, the margins are improving going forward, led by a continued strong pricing environment. For the full-year 2021, we expect the EPS to be $2.00 compared to $1.38 in 2020.
(3) All positives priced in the current stock value of $46 per share
Going by our Corning’s Valuation, with an adjusted EPS estimate of around $2.00 and a P/E multiple of around 23x in 2021, this translates into a price of $46, which is in-line with the current market price. The company’s P/E multiple (based on adjusted earnings) has already expanded from around 16x in 2018 and 2019 to 23x currently, and we don’t expect any meaningful growth in the multiple in the near term.
To sum it up, although the pandemic weighed on some of Corning’s businesses in 2020, we believe that a rebound seen in demand over the recent quarters will likely continue in 2021, bolstering the company’s top-line growth, while better pricing will translate into margin expansion. That said, we don’t see any meaningful appreciation in GLW stock in the near term, given its strong 2.5x rally over the last one year or so.
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 may be fully valued, 2020 has created many pricing discontinuities which can offer attractive trading opportunities. For example, you’ll be surprised how counter-intuitive the stock valuation is for Canadian Pacific Railway vs. D R Horton.
See all Trefis Price Estimates and Download Trefis Data here
What’s behind Trefis? See How It’s Powering New Collaboration and What-Ifs For CFOs and Finance Teams | Product, R&D, and Marketing Teams
The views and 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 on Corning’s Pre-Earnings has additional details. Despite a challenging year, the company managed to grow its gasoline particulate filter sales in 2020, as Europe and China focus on new emission regulations. Looking back at Q4 2020, Corning’s revenues grew 17% y-o-y and 11% sequentially to $3.3 Bil, with this led by strong growth for specialty materials and environmental technologies businesses, a trend expected to continue in the near term as well.
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Our interactive dashboard analysis on Corning’s Pre-Earnings has additional details. The revenues are expected to trend higher led by improved demand for its optical fiber as well as premium glass business. (1) Revenues expected to be slightly below the consensus estimates Trefis estimates Corning’s Q1 2021 revenues to be around $3.10 Bil, slightly below the $3.13 Bil consensus estimate.
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Our interactive dashboard analysis on Corning’s Pre-Earnings has additional details. (1) Revenues expected to be slightly below the consensus estimates Trefis estimates Corning’s Q1 2021 revenues to be around $3.10 Bil, slightly below the $3.13 Bil consensus estimate. 2) EPS also likely to be below the consensus estimates Corning’s Q1 2021 earnings per share (EPS) is expected to be $0.42 per Trefis analysis, slightly below the consensus estimate of $0.43.
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Our interactive dashboard analysis on Corning’s Pre-Earnings has additional details. The revenues are expected to trend higher led by improved demand for its optical fiber as well as premium glass business. 2) EPS also likely to be below the consensus estimates Corning’s Q1 2021 earnings per share (EPS) is expected to be $0.42 per Trefis analysis, slightly below the consensus estimate of $0.43.
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99fbcc0c-d0e9-4374-8c72-34ab5eace202
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716181.0
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2021-04-14 00:00:00 UTC
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Is There Now An Opportunity In DuPont de Nemours, Inc. (NYSE:DD)?
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DD
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https://www.nasdaq.com/articles/is-there-now-an-opportunity-in-dupont-de-nemours-inc.-nyse%3Add-2021-04-14
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nan
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nan
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Let's talk about the popular DuPont de Nemours, Inc. (NYSE:DD). The company's shares saw a decent share price growth in the teens level on the NYSE over the last few months. With many analysts covering the large-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price. But what if there is still an opportunity to buy? Today I will analyse the most recent data on DuPont de Nemours’s outlook and valuation to see if the opportunity still exists.
Is DuPont de Nemours still cheap?
Good news, investors! DuPont de Nemours is still a bargain right now. My valuation model shows that the intrinsic value for the stock is $99.10, which is above what the market is valuing the company at the moment. This indicates a potential opportunity to buy low. What’s more interesting is that, DuPont de Nemours’s share price is quite volatile, which gives us more chances to buy since the share price could sink lower (or rise higher) in the future. This is based on its high beta, which is a good indicator for how much the stock moves relative to the rest of the market.
Can we expect growth from DuPont de Nemours?
NYSE:DD Earnings and Revenue Growth April 14th 2021
Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. However, with an expected decline of -16% in revenues over the next couple of years, near-term growth certainly doesn’t appear to be a driver for a buy decision for DuPont de Nemours. This certainty tips the risk-return scale towards higher risk.
What this means for you:
Are you a shareholder? Although DD is currently undervalued, the negative outlook does bring on some uncertainty, which equates to higher risk. Consider whether you want to increase your portfolio exposure to DD, or whether diversifying into another stock may be a better move for your total risk and return.
Are you a potential investor? If you’ve been keeping tabs on DD for some time, but hesitant on making the leap, I recommend you dig deeper into the stock. Given its current undervaluation, now is a great time to make a decision. But keep in mind the risks that come with negative growth prospects in the future.
With this in mind, we wouldn't consider investing in a stock unless we had a thorough understanding of the risks. For example, DuPont de Nemours has 2 warning signs (and 1 which is a bit concerning) we think you should know about.
If you are no longer interested in DuPont de Nemours, you can use our free platform to see our list of over 50 other stocks with a high growth potential.
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.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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If you’ve been keeping tabs on DD for some time, but hesitant on making the leap, I recommend you dig deeper into the stock. Let's talk about the popular DuPont de Nemours, Inc. (NYSE:DD). NYSE:DD Earnings and Revenue Growth April 14th 2021 Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares.
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Let's talk about the popular DuPont de Nemours, Inc. (NYSE:DD). NYSE:DD Earnings and Revenue Growth April 14th 2021 Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Although DD is currently undervalued, the negative outlook does bring on some uncertainty, which equates to higher risk.
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NYSE:DD Earnings and Revenue Growth April 14th 2021 Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Let's talk about the popular DuPont de Nemours, Inc. (NYSE:DD). Although DD is currently undervalued, the negative outlook does bring on some uncertainty, which equates to higher risk.
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NYSE:DD Earnings and Revenue Growth April 14th 2021 Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Although DD is currently undervalued, the negative outlook does bring on some uncertainty, which equates to higher risk. Let's talk about the popular DuPont de Nemours, Inc. (NYSE:DD).
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8d1e0323-92aa-46f3-abcb-1ab737a3ef9b
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716182.0
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2021-04-08 00:00:00 UTC
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Interesting DD Put And Call Options For May 28th
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DD
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https://www.nasdaq.com/articles/interesting-dd-put-and-call-options-for-may-28th-2021-04-08
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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 May 28th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new May 28th contracts and identified one put and one call contract of particular interest.
The put contract at the $73.50 strike price has a current bid of 35 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $73.50, but will also collect the premium, putting the cost basis of the shares at $73.15 (before broker commissions). To an investor already interested in purchasing shares of DD, that could represent an attractive alternative to paying $74.72/share today.
Because the $73.50 strike represents an approximate 2% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 57%. 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 0.48% return on the cash commitment, or 3.48% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for DuPont, and highlighting in green where the $73.50 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $75.50 strike price has a current bid of $1.05. If an investor was to purchase shares of DD stock at the current price level of $74.72/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $75.50. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 2.45% if the stock gets called away at the May 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 $75.50 strike highlighted in red:
Considering the fact that the $75.50 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 51%. 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 1.41% boost of extra return to the investor, or 10.26% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 48%, while the implied volatility in the call contract example is 49%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $74.72) to be 37%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $75.50 strike highlighted in red: Considering the fact that the $75.50 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 May 28th expiration.
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The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 57%. Below is a chart showing DD's trailing twelve month trading history, with the $75.50 strike highlighted in red: Considering the fact that the $75.50 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 51%.
|
Below is a chart showing DD's trailing twelve month trading history, with the $75.50 strike highlighted in red: Considering the fact that the $75.50 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). Investors in DuPont (Symbol: DD) saw new options begin trading today, for the May 28th expiration.
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At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new May 28th contracts and identified one put and one call contract of particular interest. Below is a chart showing DD's trailing twelve month trading history, with the $75.50 strike highlighted in red: Considering the fact that the $75.50 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 May 28th expiration.
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132d6464-e6c7-474b-bef8-ff40ae1e7b9b
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716183.0
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2021-03-26 00:00:00 UTC
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Chemicals giant BASF, spurred on by customers, allocates up to $4.7 bln for CO2 cuts
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DD
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https://www.nasdaq.com/articles/chemicals-giant-basf-spurred-on-by-customers-allocates-up-to-%244.7-bln-for-co2-cuts-2021-03
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nan
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nan
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By Ludwig Burger and Patricia Weiss
FRANKFURT, March 26 (Reuters) - BASF BASFn.DE, the world's largest chemicals producer by sales, pledged on Friday to spend up to 4 billion euros ($4.7 billion) to slash greenhouse gas emissions by a quarter by 2030.
Chief Executive Martin Brudermueller said BASF faced growing pressure from carmakers and other big customers to cut emissions and the spending plan included a goal to become carbon neutral by 2050.
The results would give the German company a competitive edge, Brudermueller said, but the emissions goal also posed a challenge, given the group's unchanged commercial ambitions to grow faster than the market.
The new goal to cut CO2 relative to 2018 levels replaces a commitment Brudermueller made in 2018, shortly after taking office, to keep emissions constant until 2030 despite output growth. BASF had previously not publicly assigned an investment budget to those efforts.
The plan to be net-zero by 2050 draws BASF level with promises made over the last two years by rivals such as Dow Inc DOW.N and DuPont DD.N, who aligned themselves with a key pillar of the 2015 Paris climate accord.
Brudermueller told Reuters he was initially hesitant about the 2050 goal. "I'm really not that interested in the last few steps of the way but much more in the first steps... Our focus is on what we do by 2030."
But recent technology advances and pressure from industrial customers such as auto makers or consumer goods giants have tipped the balance, he said.
"I'm receiving letter after letter from our customers, saying by this or that deadline we need your products to be CO2-neutral... Market pressure is building and investor pressure along with that," Brudermueller said in an interview.
BASF makes catalytic converters, insulation foams, coatings, vitamins and engineering plastics, among other products.
The main thrust of the climate investments, up to 1 billion euros by 2025 and another 2 billion-3 billion by 2030, will be replacing fossil fuel with renewable electricity for the company's vast energy needs, which will likely inflate electricity consumption three to four times.
That compares with 3.1 billion euros that BASF spent on plants, equipment and other long-term assets overall in 2020 and 3.6 billion earmarked for this year, driven by the construction of a new chemical complex in China and as it seeks to become a major supplier of battery chemicals.
Brudermueller said climate change was the biggest challenge of the century but being able to offer CO2-free plastics and chemicals also gave a competitive edge, provided that consumers and society at large are prepared to pay a premium for that feature.
BASF's 2018 greenhouse gas emissions were 21.9 million tonnes of CO2 equivalents.
The CEO said he also needs lawmakers' support for the drive towards becoming carbon neutral, for instance urging Germany to end a scheme known as EEG that puts a surcharge on all electricity use, not just based on fossil fuel, to fund solar and wind power.
Brudermueller said the push was close to his heart but also existential for the group. "Does this company find a way into a CO2-free future or not? If not, would you invest your money in it? Probably not."
($1 = 0.8469 euros)
(Reporting by Ludwig Burger; Editing by Susan Fenton)
((ludwig.burger@thomsonreuters.com; +49 30 220133634; Reuters Messaging: ludwig.burger.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The plan to be net-zero by 2050 draws BASF level with promises made over the last two years by rivals such as Dow Inc DOW.N and DuPont DD.N, who aligned themselves with a key pillar of the 2015 Paris climate accord. Chief Executive Martin Brudermueller said BASF faced growing pressure from carmakers and other big customers to cut emissions and the spending plan included a goal to become carbon neutral by 2050. Brudermueller said climate change was the biggest challenge of the century but being able to offer CO2-free plastics and chemicals also gave a competitive edge, provided that consumers and society at large are prepared to pay a premium for that feature.
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The plan to be net-zero by 2050 draws BASF level with promises made over the last two years by rivals such as Dow Inc DOW.N and DuPont DD.N, who aligned themselves with a key pillar of the 2015 Paris climate accord. By Ludwig Burger and Patricia Weiss FRANKFURT, March 26 (Reuters) - BASF BASFn.DE, the world's largest chemicals producer by sales, pledged on Friday to spend up to 4 billion euros ($4.7 billion) to slash greenhouse gas emissions by a quarter by 2030. Chief Executive Martin Brudermueller said BASF faced growing pressure from carmakers and other big customers to cut emissions and the spending plan included a goal to become carbon neutral by 2050.
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The plan to be net-zero by 2050 draws BASF level with promises made over the last two years by rivals such as Dow Inc DOW.N and DuPont DD.N, who aligned themselves with a key pillar of the 2015 Paris climate accord. By Ludwig Burger and Patricia Weiss FRANKFURT, March 26 (Reuters) - BASF BASFn.DE, the world's largest chemicals producer by sales, pledged on Friday to spend up to 4 billion euros ($4.7 billion) to slash greenhouse gas emissions by a quarter by 2030. Chief Executive Martin Brudermueller said BASF faced growing pressure from carmakers and other big customers to cut emissions and the spending plan included a goal to become carbon neutral by 2050.
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The plan to be net-zero by 2050 draws BASF level with promises made over the last two years by rivals such as Dow Inc DOW.N and DuPont DD.N, who aligned themselves with a key pillar of the 2015 Paris climate accord. By Ludwig Burger and Patricia Weiss FRANKFURT, March 26 (Reuters) - BASF BASFn.DE, the world's largest chemicals producer by sales, pledged on Friday to spend up to 4 billion euros ($4.7 billion) to slash greenhouse gas emissions by a quarter by 2030. The results would give the German company a competitive edge, Brudermueller said, but the emissions goal also posed a challenge, given the group's unchanged commercial ambitions to grow faster than the market.
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f59dfff4-1405-4351-914e-d76e8133e088
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716184.0
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2021-03-15 00:00:00 UTC
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It’s Time To Buy the Dip in Churchill Capital IV Stock
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DD
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https://www.nasdaq.com/articles/its-time-to-buy-the-dip-in-churchill-capital-iv-stock-2021-03-15
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
With special purpose acquisition company Churchill Capital IV (NYSE: CCIV) stock down 55% from its 52-week high, now is the time to buy the dip and gain exposure to electric vehicle maker Lucid Motors.
Source: Dmitry Demidovich/ShutterStock.com
CCIV stock experienced an incredible run-up of around 450% earlier this year on rumors that the special purpose acquisition company (SPAC) would merge with luxury electric car maker Lucid Motors.
Once the SPAC deal was formally announced, shares of Churchill Capital IV sold off. Many investors who bought the rumor decided to sell on the news. A pullback in the broader electric vehicle sector further accelerated the slide in Churchill Capital IV’s share price.
While the drop in CCIV stock has been steep and scary, astute investors should see the drop as a golden buying opportunity to grab shares of an electric vehicle company that many analysts feel could compete toe-to-toe with market leader Tesla (NASDAQ:TSLA).
CCIV Stock: High-End Vehicles
Founded in 2007 and based in Newark, California, Lucid Motors is one of the most advanced electric vehicle companies set to come to market. Unlike many electric vehicle manufacturers that are still in the early planning stages, Lucid Motors is at the production phase at its factory based in Casa Grande, Arizona. The company was founded and is run by Peter Rawlinson, the former vice-president of Engineering at Tesla.
Lucid Motor’s first luxury electric sedan, called the “Lucid Air,” is currently in production, and deliveries are slated to start this June. A second vehicle, an electric sport utility vehicle (SUV) called the “Gravity,” is expected to enter production later this year. And, like Tesla, Lucid Motors is aiming for a high-end clientele. Pricing for the “Air” sedan ranges from $69,900 for the base model to $161,500 for the top end model.
Explosive Growth
With its a luxury pedigree and 500-mile driving range on a single battery charge, many analysts see Lucid Motors as a viable threat to Tesla. Lucid Motors plans to quickly increase production to 400,000 vehicles a year, and has announced plans to begin selling its Air sedan in Europe in 2022.
The company has also said that its annual revenues will grow 198% to $22.8 billion by 2026. That potentially explosive growth has many investors and analysts excited for CCIV stock to begin trading as Lucid Motors. The merger is expected to close in the second quarter of this year.
Experienced Deal Makers
While many people on Wall Street are warning that SPAC deals have run too far and are now in bubble territory, the Churchill Capital IV/Lucid Motors deal is different, in that it involves a mature company that is producing a real, tangible product. Churchill Capital IV is also different than many other SPACs because of the experience of the people managing the deal.
Churchill Capital IV is run by ex-Citigroup banker Michael Klein, a well-respected Wall Street deal maker who famously led Dow Chemical’s $130 billion merger with DuPont (NYSE:DD). In addition to Mr. Klein, Churchill Capital IV also has former Apple (NASDAQ:AAPL) design head Jony Ive and former Ford Motor Co. (NYSE:F) Chief Executive Officer Alan Mulally on its board of directors.
With this level of experience, Churchill Capital IV can be expected to manage the Lucid Motors merger expertly. The deal should go off without a hitch. It’s worth noting that early investors in Lucid Motors have included Saudi Arabia’s sovereign wealth fund, BlackRock (NYSE:BLK) and Fidelity Management.
Grab CCIV Stock
Despite the drop in price, there’s still plenty of reasons to be excited about the market debut of Lucid Motors. If anything, CCIV stock’s current price of around $29 a share represents better value for investors. And given the experience of the people behind Churchill Capital IV and Lucid Motors stage of development, there’s every reason to believe that this SPAC deal will be a home run.
The electric vehicle market is still emerging and maturing, and Tesla will not remain king of the hill forever. Lucid Motors is as well-positioned as any electric vehicle maker to knock Tesla off its perch and compete for customers on a global scale. While there are many questionable SPAC deals around at the moment, the deal to bring Lucid Motors public is not one of them. CCIV stock is a buy.
On the date of publication, Joel Baglole held a long position in AAPL.
Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia.
The post It’s Time To Buy the Dip in Churchill Capital IV Stock 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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Churchill Capital IV is run by ex-Citigroup banker Michael Klein, a well-respected Wall Street deal maker who famously led Dow Chemical’s $130 billion merger with DuPont (NYSE:DD). In addition to Mr. Klein, Churchill Capital IV also has former Apple (NASDAQ:AAPL) design head Jony Ive and former Ford Motor Co. (NYSE:F) Chief Executive Officer Alan Mulally on its board of directors. Source: Dmitry Demidovich/ShutterStock.com CCIV stock experienced an incredible run-up of around 450% earlier this year on rumors that the special purpose acquisition company (SPAC) would merge with luxury electric car maker Lucid Motors.
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Churchill Capital IV is run by ex-Citigroup banker Michael Klein, a well-respected Wall Street deal maker who famously led Dow Chemical’s $130 billion merger with DuPont (NYSE:DD). In addition to Mr. Klein, Churchill Capital IV also has former Apple (NASDAQ:AAPL) design head Jony Ive and former Ford Motor Co. (NYSE:F) Chief Executive Officer Alan Mulally on its board of directors. InvestorPlace - Stock Market News, Stock Advice & Trading Tips With special purpose acquisition company Churchill Capital IV (NYSE: CCIV) stock down 55% from its 52-week high, now is the time to buy the dip and gain exposure to electric vehicle maker Lucid Motors.
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Churchill Capital IV is run by ex-Citigroup banker Michael Klein, a well-respected Wall Street deal maker who famously led Dow Chemical’s $130 billion merger with DuPont (NYSE:DD). In addition to Mr. Klein, Churchill Capital IV also has former Apple (NASDAQ:AAPL) design head Jony Ive and former Ford Motor Co. (NYSE:F) Chief Executive Officer Alan Mulally on its board of directors. InvestorPlace - Stock Market News, Stock Advice & Trading Tips With special purpose acquisition company Churchill Capital IV (NYSE: CCIV) stock down 55% from its 52-week high, now is the time to buy the dip and gain exposure to electric vehicle maker Lucid Motors.
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Churchill Capital IV is run by ex-Citigroup banker Michael Klein, a well-respected Wall Street deal maker who famously led Dow Chemical’s $130 billion merger with DuPont (NYSE:DD). In addition to Mr. Klein, Churchill Capital IV also has former Apple (NASDAQ:AAPL) design head Jony Ive and former Ford Motor Co. (NYSE:F) Chief Executive Officer Alan Mulally on its board of directors. Once the SPAC deal was formally announced, shares of Churchill Capital IV sold off.
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8f132d8b-3c1b-4c08-b995-b3f21d940d16
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716185.0
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2021-03-15 00:00:00 UTC
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EI DuPont De Nemours & Co. To Present At J.P. Morgan Conference; Webcast At 11:20 AM ET
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DD
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https://www.nasdaq.com/articles/ei-dupont-de-nemours-co.-to-present-at-j.p.-morgan-conference-webcast-at-11%3A20-am-et-2021
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nan
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nan
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(RTTNews) - EI DuPont De Nemours & Co. (DD) will present at the virtual J.P. Morgan 2021 Industrials Conference.
The event is scheduled to begin at 11:20 AM ET on March 15, 2021.
To access the live webcast, log on to https://www.investors.dupont.com/investors/dupont-investors/events-and-presentations/default.aspx
The views and 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 present at the virtual J.P. Morgan 2021 Industrials Conference. The event is scheduled to begin at 11:20 AM ET on March 15, 2021. To access the live webcast, log on to https://www.investors.dupont.com/investors/dupont-investors/events-and-presentations/default.aspx The views and 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 present at the virtual J.P. Morgan 2021 Industrials Conference. The event is scheduled to begin at 11:20 AM ET on March 15, 2021. To access the live webcast, log on to https://www.investors.dupont.com/investors/dupont-investors/events-and-presentations/default.aspx The views and 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 present at the virtual J.P. Morgan 2021 Industrials Conference. The event is scheduled to begin at 11:20 AM ET on March 15, 2021. To access the live webcast, log on to https://www.investors.dupont.com/investors/dupont-investors/events-and-presentations/default.aspx The views and 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 present at the virtual J.P. Morgan 2021 Industrials Conference. The event is scheduled to begin at 11:20 AM ET on March 15, 2021. To access the live webcast, log on to https://www.investors.dupont.com/investors/dupont-investors/events-and-presentations/default.aspx The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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289e02d7-de27-42b3-9540-f4607707eaff
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716186.0
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2021-03-12 00:00:00 UTC
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PWV, ANTM, DELL, DD: ETF Outflow Alert
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DD
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https://www.nasdaq.com/articles/pwv-antm-dell-dd%3A-etf-outflow-alert-2021-03-12
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco Dynamic Large Cap Value ETF (Symbol: PWV) where we have detected an approximate $215.6 million dollar outflow -- that's a 23.5% decrease week over week (from 21,660,000 to 16,570,000). Among the largest underlying components of PWV, in trading today Anthem Inc (Symbol: ANTM) is up about 1.8%, Dell Technologies Inc (Symbol: DELL) is down about 0.2%, and DuPont (Symbol: DD) is higher by about 0.4%. For a complete list of holdings, visit the PWV Holdings page » The chart below shows the one year price performance of PWV, versus its 200 day moving average:
Looking at the chart above, PWV's low point in its 52 week range is $25.667 per share, with $42.58 as the 52 week high point — that compares with a last trade of $42.57. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Free Report: Top 7%+ Dividends (paid monthly)
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of PWV, in trading today Anthem Inc (Symbol: ANTM) is up about 1.8%, Dell Technologies Inc (Symbol: DELL) is down about 0.2%, and DuPont (Symbol: DD) is higher by about 0.4%. For a complete list of holdings, visit the PWV Holdings page » The chart below shows the one year price performance of PWV, versus its 200 day moving average: Looking at the chart above, PWV's low point in its 52 week range is $25.667 per share, with $42.58 as the 52 week high point — that compares with a last trade of $42.57. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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Among the largest underlying components of PWV, in trading today Anthem Inc (Symbol: ANTM) is up about 1.8%, Dell Technologies Inc (Symbol: DELL) is down about 0.2%, and DuPont (Symbol: DD) is higher by about 0.4%. For a complete list of holdings, visit the PWV Holdings page » The chart below shows the one year price performance of PWV, versus its 200 day moving average: Looking at the chart above, PWV's low point in its 52 week range is $25.667 per share, with $42.58 as the 52 week high point — that compares with a last trade of $42.57. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed).
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Among the largest underlying components of PWV, in trading today Anthem Inc (Symbol: ANTM) is up about 1.8%, Dell Technologies Inc (Symbol: DELL) is down about 0.2%, and DuPont (Symbol: DD) is higher by about 0.4%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco Dynamic Large Cap Value ETF (Symbol: PWV) where we have detected an approximate $215.6 million dollar outflow -- that's a 23.5% decrease week over week (from 21,660,000 to 16,570,000). For a complete list of holdings, visit the PWV Holdings page » The chart below shows the one year price performance of PWV, versus its 200 day moving average: Looking at the chart above, PWV's low point in its 52 week range is $25.667 per share, with $42.58 as the 52 week high point — that compares with a last trade of $42.57.
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Among the largest underlying components of PWV, in trading today Anthem Inc (Symbol: ANTM) is up about 1.8%, Dell Technologies Inc (Symbol: DELL) is down about 0.2%, and DuPont (Symbol: DD) is higher by about 0.4%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco Dynamic Large Cap Value ETF (Symbol: PWV) where we have detected an approximate $215.6 million dollar outflow -- that's a 23.5% decrease week over week (from 21,660,000 to 16,570,000). For a complete list of holdings, visit the PWV Holdings page » The chart below shows the one year price performance of PWV, versus its 200 day moving average: Looking at the chart above, PWV's low point in its 52 week range is $25.667 per share, with $42.58 as the 52 week high point — that compares with a last trade of $42.57.
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49e42015-9776-41f6-bd55-bfad05045ab8
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716187.0
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2021-03-11 00:00:00 UTC
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These Stocks Can Offer Better Returns Over Corning
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DD
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https://www.nasdaq.com/articles/these-stocks-can-offer-better-returns-over-corning-2021-03-11
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nan
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nan
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We believe that there are several stocks in the industrial sector that are currently better than Corning (NYSE: GLW), best known for its display panels and gorilla glass. Corning’s current market cap-to-operating income ratio of 34x is much higher than 11x for Energizer (ENR), 13x for Brunswick (BC), and 15x for BWX Technologies (BWXT).
Does this gap in valuation between Corning and its peers make sense? We don’t think so, especially if we look at the fundamentals of these companies. More specifically, we arrive at our conclusion by looking at historical trends in revenues, operating income, and market cap-to-operating income ratio for these companies. Our dashboard Better Bet Than GLW Stock: Pay Less To Get More From ENR, BC, BWXT has more details – parts of which are summarized below.
1. Revenue Growth
Corning’s revenue grew at an average rate of 4% over the last three years, as compared to revenue growth of 17% for Energizer, 5% growth for Brunswick, and 8% growth for BWX. Even if we look at the revenue growth over the last twelve month period, Corning’s revenue decline of 2% is much worse than growth of 10%, 6%, and 12% for Energizer, Brunswick and BWX, respectively.
Corning’s business has been impacted by the Covid-19 pandemic in 2020, due to a decline in capital spending from some of its customers as well as pricing pressure for its display glass products. Though closed office spaces meant an increase in demand for laptops, boding well for Corning’s premium glass business. Now that multiple countries have initiated vaccination programs, the capital spending for some of Corning’s customers is expected to rise, especially related to 5G expansion, boding well for Corning stock in the near term.
Energizer is the largest manufacturer of batteries in the world, and it has seen its revenue grow in double-digits over the recent years due to acquisition of global battery, lighting and portable power business of Spectrum Brands Holdings, Inc. The company last month reported its Q1 results, with double-digit revenue growth across the segments, led by improved demand conditions, especially for the Auto Care segment. Looking forward, the company expects to improve its margins, which will be favorable for its stock.
Brunswick, best known for its boats, marine engines, and other associated accessories, has seen a 6% revenue growth in 2020, led by an increased boating demand as well as service backlogs. Much of the growth over the recent past has been led by the company’s Propulsion business. The company expects top-line expansion as well as operating margin growth going forward, implying better earnings growth. This should be positive for BC stock going forward.
BWX Technologies, a nuclear components and fuel supplier to the U.S., has seen its top-line expand 12% in 2020, led by higher fuel as well as downblending volume, along with the impact of Laker Energy acquisition. The company expects steady top-line growth going forward, primarily led by its Nuclear Operations Group, which is focused on manufacturing naval nuclear reactors.
2. Operating Income Growth
The three-year average operating income growth for Corning stands at -18%, much lower than -6% for Energizer, 65% for Brunswick, and 8% for BWX. Better revenue growth for the latter three along with margin expansion has led to higher operating income for these companies. Looking at the last twelve month period, Corning’s 40% drop in operating income compares with -12%, 193%, and 8% change for Energizer, Brunswick and BWX, respectively.
The Net of It All
Although Corning’s revenue base is much larger than Energizer, Brunswick, and BWX, each of these companies has seen higher growth in revenues and operating income than Corning in the last twelve months as well as the last three years. Yet, they appear to be significantly cheaper than Corning. Despite better profit and revenue growth, these companies have a comparatively lower market cap-to-operating income ratio.
Corning’s persistent underperformance in revenue and operating income growth reinforces our conclusion that the stock is expensive compared to its peers, and we think this gap in valuation will eventually narrow over time to favor the group of comparatively less expensive names. As such, we believe that Energizer, Brunswick, and BWX are currently better buying opportunities compared to Corning.
While GLW stock looks comparatively expensive, 2020 has created many pricing discontinuities which can offer attractive trading opportunities. For example, you’ll be surprised how counter-intuitive the stock valuation is for Badger Meters vs. BWX Technologies.
See all Trefis Price Estimates and Download Trefis Data here
What’s behind Trefis? See How It’s Powering New Collaboration and What-Ifs For CFOs and Finance Teams | Product, R&D, and Marketing Teams
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Corning’s current market cap-to-operating income ratio of 34x is much higher than 11x for Energizer (ENR), 13x for Brunswick (BC), and 15x for BWX Technologies (BWXT). Corning’s business has been impacted by the Covid-19 pandemic in 2020, due to a decline in capital spending from some of its customers as well as pricing pressure for its display glass products. Though closed office spaces meant an increase in demand for laptops, boding well for Corning’s premium glass business.
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Corning’s current market cap-to-operating income ratio of 34x is much higher than 11x for Energizer (ENR), 13x for Brunswick (BC), and 15x for BWX Technologies (BWXT). Operating Income Growth The three-year average operating income growth for Corning stands at -18%, much lower than -6% for Energizer, 65% for Brunswick, and 8% for BWX. Despite better profit and revenue growth, these companies have a comparatively lower market cap-to-operating income ratio.
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Revenue Growth Corning’s revenue grew at an average rate of 4% over the last three years, as compared to revenue growth of 17% for Energizer, 5% growth for Brunswick, and 8% growth for BWX. Operating Income Growth The three-year average operating income growth for Corning stands at -18%, much lower than -6% for Energizer, 65% for Brunswick, and 8% for BWX. The Net of It All Although Corning’s revenue base is much larger than Energizer, Brunswick, and BWX, each of these companies has seen higher growth in revenues and operating income than Corning in the last twelve months as well as the last three years.
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Corning’s current market cap-to-operating income ratio of 34x is much higher than 11x for Energizer (ENR), 13x for Brunswick (BC), and 15x for BWX Technologies (BWXT). Revenue Growth Corning’s revenue grew at an average rate of 4% over the last three years, as compared to revenue growth of 17% for Energizer, 5% growth for Brunswick, and 8% growth for BWX. Better revenue growth for the latter three along with margin expansion has led to higher operating income for these companies.
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1bbe3395-a07e-432e-aa33-db5bf1ebe4e1
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716188.0
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2021-03-08 00:00:00 UTC
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DuPont to buy Laird Performance Materials for $2.3 bln
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DD
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https://www.nasdaq.com/articles/dupont-to-buy-laird-performance-materials-for-%242.3-bln-2021-03-08-0
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nan
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nan
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Adds details on deal, background
March 8 (Reuters) - DuPont DD.N said on Monday it would buy Laird Performance Materials for $2.3 billion from private equity firm Advent International, as it looks to expand its portfolio of advanced electronic materials.
Electronics materials have been a growth area for DuPont as key markets including smart or autonomous vehicles, fifth generation telecommunications, artificial intelligence, internet of things, and high-performance computing gain traction.
The industrial materials maker said it expects to realize about $60 million in pre-tax run-rate cost synergies by the end of 2024 with the majority realized in the first 18 months after the deal closes, which is expected in the third quarter of 2021.
The estimated one-time cost to achieve these synergies is about $40 million and DuPont expects the deal to be accretive to its operating core earnings margins, free cash flow, and adjusted earnings per share within the first 12 months.
DuPont also said on Monday it approved a new $1.5 billion share buyback program.
(Reporting by Arathy S Nair in Bengaluru; Editing by Shailesh Kuber)
((arathys.nair@thomsonreuters.com; +1 646 223 8780 (Extn 2726); Twitter: https://twitter.com/ArathySom;))
The views and 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 on deal, background March 8 (Reuters) - DuPont DD.N said on Monday it would buy Laird Performance Materials for $2.3 billion from private equity firm Advent International, as it looks to expand its portfolio of advanced electronic materials. Electronics materials have been a growth area for DuPont as key markets including smart or autonomous vehicles, fifth generation telecommunications, artificial intelligence, internet of things, and high-performance computing gain traction. The estimated one-time cost to achieve these synergies is about $40 million and DuPont expects the deal to be accretive to its operating core earnings margins, free cash flow, and adjusted earnings per share within the first 12 months.
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Adds details on deal, background March 8 (Reuters) - DuPont DD.N said on Monday it would buy Laird Performance Materials for $2.3 billion from private equity firm Advent International, as it looks to expand its portfolio of advanced electronic materials. The industrial materials maker said it expects to realize about $60 million in pre-tax run-rate cost synergies by the end of 2024 with the majority realized in the first 18 months after the deal closes, which is expected in the third quarter of 2021. The estimated one-time cost to achieve these synergies is about $40 million and DuPont expects the deal to be accretive to its operating core earnings margins, free cash flow, and adjusted earnings per share within the first 12 months.
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Adds details on deal, background March 8 (Reuters) - DuPont DD.N said on Monday it would buy Laird Performance Materials for $2.3 billion from private equity firm Advent International, as it looks to expand its portfolio of advanced electronic materials. The industrial materials maker said it expects to realize about $60 million in pre-tax run-rate cost synergies by the end of 2024 with the majority realized in the first 18 months after the deal closes, which is expected in the third quarter of 2021. The estimated one-time cost to achieve these synergies is about $40 million and DuPont expects the deal to be accretive to its operating core earnings margins, free cash flow, and adjusted earnings per share within the first 12 months.
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Adds details on deal, background March 8 (Reuters) - DuPont DD.N said on Monday it would buy Laird Performance Materials for $2.3 billion from private equity firm Advent International, as it looks to expand its portfolio of advanced electronic materials. Electronics materials have been a growth area for DuPont as key markets including smart or autonomous vehicles, fifth generation telecommunications, artificial intelligence, internet of things, and high-performance computing gain traction. The industrial materials maker said it expects to realize about $60 million in pre-tax run-rate cost synergies by the end of 2024 with the majority realized in the first 18 months after the deal closes, which is expected in the third quarter of 2021.
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95bb3475-a83e-4d0d-a585-11497bf6c5aa
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716189.0
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2021-03-08 00:00:00 UTC
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DuPont To Buy Laird Performance Materials From Advent International For $2.3 Bln - Quick Facts
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DD
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https://www.nasdaq.com/articles/dupont-to-buy-laird-performance-materials-from-advent-international-for-%242.3-bln-quick
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nan
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nan
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(RTTNews) - DuPont (DD) announced Monday that it has agreed to acquire Laird Performance Materials from with private equity firm Advent International for $2.3 billion. The company will use existing cash balances for the acquisition. The transaction is expected to close in the third quarter of 2021, subject to regulatory approvals and other customary closing conditions.
Laird Performance Materials is a world leader in high-performance electromagnetic shielding and thermal management with a comprehensive offering of performance components and solutions that manage heat and protect devices from electromagnetic interference.
The transaction brings together DuPont's technology portfolio in films, laminates, and plating chemistry with Laird Performance Materials' electromagnetic shielding and thermal management solutions.
Laird Performance Materials is aligned with DuPont's strategic objective of shifting its portfolio increasingly towards differentiated products in attractive markets with long-term secular growth trends.
DuPont expects to realize approximately $60 million in pre-tax run-rate cost synergies by the end of 2024 with the majority realized in the first 18 months post-closing. The estimated one-time cost to achieve these synergies is approximately $40 million.
After adjusting for one-time costs and deal-related amortization, DuPont expects the deal to be accretive to its operating EBITDA margins, free cash flow, and adjusted EPS within the first 12 months and to achieve high single-digit ROIC by year five.
The views and 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 (DD) announced Monday that it has agreed to acquire Laird Performance Materials from with private equity firm Advent International for $2.3 billion. The transaction brings together DuPont's technology portfolio in films, laminates, and plating chemistry with Laird Performance Materials' electromagnetic shielding and thermal management solutions. Laird Performance Materials is aligned with DuPont's strategic objective of shifting its portfolio increasingly towards differentiated products in attractive markets with long-term secular growth trends.
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(RTTNews) - DuPont (DD) announced Monday that it has agreed to acquire Laird Performance Materials from with private equity firm Advent International for $2.3 billion. The transaction brings together DuPont's technology portfolio in films, laminates, and plating chemistry with Laird Performance Materials' electromagnetic shielding and thermal management solutions. DuPont expects to realize approximately $60 million in pre-tax run-rate cost synergies by the end of 2024 with the majority realized in the first 18 months post-closing.
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(RTTNews) - DuPont (DD) announced Monday that it has agreed to acquire Laird Performance Materials from with private equity firm Advent International for $2.3 billion. Laird Performance Materials is a world leader in high-performance electromagnetic shielding and thermal management with a comprehensive offering of performance components and solutions that manage heat and protect devices from electromagnetic interference. The transaction brings together DuPont's technology portfolio in films, laminates, and plating chemistry with Laird Performance Materials' electromagnetic shielding and thermal management solutions.
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(RTTNews) - DuPont (DD) announced Monday that it has agreed to acquire Laird Performance Materials from with private equity firm Advent International for $2.3 billion. The company will use existing cash balances for the acquisition. The estimated one-time cost to achieve these synergies is approximately $40 million.
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c37fc29b-d63f-44eb-9719-e9ba47faf05f
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716190.0
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2021-03-08 00:00:00 UTC
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DuPont Board Approves 2021 Share Buyback Program - Quick Facts
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DD
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https://www.nasdaq.com/articles/dupont-board-approves-2021-share-buyback-program-quick-facts-2021-03-08
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nan
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nan
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(RTTNews) - DuPont (DD) said its Board of Directors approved a new $1.5 billion share buyback program which expires on June 30, 2022. At December 31, 2020, the company had remaining authorization under its existing stock buyback plan to repurchase approximately $1 billion in shares of the company's common stock. After completion of the 2019 share buyback program, DuPont plans to repurchase shares under the 2021 share buyback program.
Under the 2021 share buyback program, shares of the company's common stock may be repurchased periodically in open market or privately negotiated transactions.
The views and 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 (DD) said its Board of Directors approved a new $1.5 billion share buyback program which expires on June 30, 2022. At December 31, 2020, the company had remaining authorization under its existing stock buyback plan to repurchase approximately $1 billion in shares of the company's common stock. Under the 2021 share buyback program, shares of the company's common stock may be repurchased periodically in open market or privately negotiated transactions.
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(RTTNews) - DuPont (DD) said its Board of Directors approved a new $1.5 billion share buyback program which expires on June 30, 2022. At December 31, 2020, the company had remaining authorization under its existing stock buyback plan to repurchase approximately $1 billion in shares of the company's common stock. After completion of the 2019 share buyback program, DuPont plans to repurchase shares under the 2021 share buyback program.
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(RTTNews) - DuPont (DD) said its Board of Directors approved a new $1.5 billion share buyback program which expires on June 30, 2022. At December 31, 2020, the company had remaining authorization under its existing stock buyback plan to repurchase approximately $1 billion in shares of the company's common stock. After completion of the 2019 share buyback program, DuPont plans to repurchase shares under the 2021 share buyback program.
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(RTTNews) - DuPont (DD) said its Board of Directors approved a new $1.5 billion share buyback program which expires on June 30, 2022. At December 31, 2020, the company had remaining authorization under its existing stock buyback plan to repurchase approximately $1 billion in shares of the company's common stock. After completion of the 2019 share buyback program, DuPont plans to repurchase shares under the 2021 share buyback program.
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ef2a587a-6ede-46d4-9303-f6f19429a2d9
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716191.0
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2021-03-08 00:00:00 UTC
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DuPont to buy Laird Performance Materials for $2.3 bln
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DD
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https://www.nasdaq.com/articles/dupont-to-buy-laird-performance-materials-for-%242.3-bln-2021-03-08
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nan
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nan
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March 8 (Reuters) - DuPont DD.N said on Monday it would buy Laird Performance Materials for $2.3 billion from private equity firm Advent International.
(Reporting by Arathy S Nair in Bengaluru; Editing by Shailesh Kuber)
((arathys.nair@thomsonreuters.com; +1 646 223 8780 (Extn 2726); Twitter: https://twitter.com/ArathySom;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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March 8 (Reuters) - DuPont DD.N said on Monday it would buy Laird Performance Materials for $2.3 billion from private equity firm Advent International. (Reporting by Arathy S Nair in Bengaluru; Editing by Shailesh Kuber) ((arathys.nair@thomsonreuters.com; +1 646 223 8780 (Extn 2726); Twitter: https://twitter.com/ArathySom;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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March 8 (Reuters) - DuPont DD.N said on Monday it would buy Laird Performance Materials for $2.3 billion from private equity firm Advent International. (Reporting by Arathy S Nair in Bengaluru; Editing by Shailesh Kuber) ((arathys.nair@thomsonreuters.com; +1 646 223 8780 (Extn 2726); Twitter: https://twitter.com/ArathySom;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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March 8 (Reuters) - DuPont DD.N said on Monday it would buy Laird Performance Materials for $2.3 billion from private equity firm Advent International. (Reporting by Arathy S Nair in Bengaluru; Editing by Shailesh Kuber) ((arathys.nair@thomsonreuters.com; +1 646 223 8780 (Extn 2726); Twitter: https://twitter.com/ArathySom;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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March 8 (Reuters) - DuPont DD.N said on Monday it would buy Laird Performance Materials for $2.3 billion from private equity firm Advent International. (Reporting by Arathy S Nair in Bengaluru; Editing by Shailesh Kuber) ((arathys.nair@thomsonreuters.com; +1 646 223 8780 (Extn 2726); Twitter: https://twitter.com/ArathySom;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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2762b17b-2f4e-4236-8c0a-6075d6af7b83
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716192.0
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2021-03-05 00:00:00 UTC
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Philippines' DoubleDragon Properties unit prices $302 mln REIT listing
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DD
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https://www.nasdaq.com/articles/philippines-doubledragon-properties-unit-prices-%24302-mln-reit-listing-2021-03-05
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MANILA, March 5 (Reuters) - Philippine developer DoubleDragon Properties Corp's unit on Friday priced the country's second real estate investment trust (REIT) offering at the top end of guidance, the company said in a disclosure.
DDMP REIT Inc's share sale will raise as much as 14.7 billion pesos ($302.66 million), after setting the final offer price at 2.25 pesos ($0.05) apiece. The office complex owner plans to sell up to 6.5 billion shares, including the over-allotment option.
REITs, which manage real estate assets such as office buildings and commercial centres that generate profits, are attractive to investors seeking regular dividends.
In August, AREIT Inc raised 13.6 billion pesos in the first offering of the asset class in the country.
Investors and bankers say consumer retailers and REITs are preparing share sales on the Philippine bourse that could top $4 billion, making the country the most active market in terms of fundraising in the region this year.
($1 = 48.57 Philippine pesos)
(Reporting by Neil Jerome Morales Editing by Ed Davies)
((neiljerome.morales@thomsonreuters.com; +632 8841 8914;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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DDMP REIT Inc's share sale will raise as much as 14.7 billion pesos ($302.66 million), after setting the final offer price at 2.25 pesos ($0.05) apiece. MANILA, March 5 (Reuters) - Philippine developer DoubleDragon Properties Corp's unit on Friday priced the country's second real estate investment trust (REIT) offering at the top end of guidance, the company said in a disclosure. REITs, which manage real estate assets such as office buildings and commercial centres that generate profits, are attractive to investors seeking regular dividends.
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DDMP REIT Inc's share sale will raise as much as 14.7 billion pesos ($302.66 million), after setting the final offer price at 2.25 pesos ($0.05) apiece. MANILA, March 5 (Reuters) - Philippine developer DoubleDragon Properties Corp's unit on Friday priced the country's second real estate investment trust (REIT) offering at the top end of guidance, the company said in a disclosure. Investors and bankers say consumer retailers and REITs are preparing share sales on the Philippine bourse that could top $4 billion, making the country the most active market in terms of fundraising in the region this year.
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DDMP REIT Inc's share sale will raise as much as 14.7 billion pesos ($302.66 million), after setting the final offer price at 2.25 pesos ($0.05) apiece. MANILA, March 5 (Reuters) - Philippine developer DoubleDragon Properties Corp's unit on Friday priced the country's second real estate investment trust (REIT) offering at the top end of guidance, the company said in a disclosure. Investors and bankers say consumer retailers and REITs are preparing share sales on the Philippine bourse that could top $4 billion, making the country the most active market in terms of fundraising in the region this year.
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DDMP REIT Inc's share sale will raise as much as 14.7 billion pesos ($302.66 million), after setting the final offer price at 2.25 pesos ($0.05) apiece. MANILA, March 5 (Reuters) - Philippine developer DoubleDragon Properties Corp's unit on Friday priced the country's second real estate investment trust (REIT) offering at the top end of guidance, the company said in a disclosure. The office complex owner plans to sell up to 6.5 billion shares, including the over-allotment option.
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5aca143a-b071-48a1-b9a8-8533c1c97749
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716193.0
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2021-03-04 00:00:00 UTC
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PWV, VZ, F, DD: ETF Inflow Alert
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DD
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https://www.nasdaq.com/articles/pwv-vz-f-dd%3A-etf-inflow-alert-2021-03-04
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco Dynamic Large Cap Value ETF (Symbol: PWV) where we have detected an approximate $198.8 million dollar inflow -- that's a 28.9% increase week over week in outstanding units (from 16,800,000 to 21,660,000). Among the largest underlying components of PWV, in trading today Verizon Communications Inc (Symbol: VZ) is down about 0.3%, Ford Motor Co. (Symbol: F) is down about 0.6%, and DuPont (Symbol: DD) is lower by about 1.2%. For a complete list of holdings, visit the PWV Holdings page » The chart below shows the one year price performance of PWV, versus its 200 day moving average:
Looking at the chart above, PWV's low point in its 52 week range is $25.667 per share, with $41.41 as the 52 week high point — that compares with a last trade of $40.93. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of PWV, in trading today Verizon Communications Inc (Symbol: VZ) is down about 0.3%, Ford Motor Co. (Symbol: F) is down about 0.6%, and DuPont (Symbol: DD) is lower by about 1.2%. For a complete list of holdings, visit the PWV Holdings page » The chart below shows the one year price performance of PWV, versus its 200 day moving average: Looking at the chart above, PWV's low point in its 52 week range is $25.667 per share, with $41.41 as the 52 week high point — that compares with a last trade of $40.93. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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Among the largest underlying components of PWV, in trading today Verizon Communications Inc (Symbol: VZ) is down about 0.3%, Ford Motor Co. (Symbol: F) is down about 0.6%, and DuPont (Symbol: DD) is lower by about 1.2%. For a complete list of holdings, visit the PWV Holdings page » The chart below shows the one year price performance of PWV, versus its 200 day moving average: Looking at the chart above, PWV's low point in its 52 week range is $25.667 per share, with $41.41 as the 52 week high point — that compares with a last trade of $40.93. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Among the largest underlying components of PWV, in trading today Verizon Communications Inc (Symbol: VZ) is down about 0.3%, Ford Motor Co. (Symbol: F) is down about 0.6%, and DuPont (Symbol: DD) is lower by about 1.2%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco Dynamic Large Cap Value ETF (Symbol: PWV) where we have detected an approximate $198.8 million dollar inflow -- that's a 28.9% increase week over week in outstanding units (from 16,800,000 to 21,660,000). For a complete list of holdings, visit the PWV Holdings page » The chart below shows the one year price performance of PWV, versus its 200 day moving average: Looking at the chart above, PWV's low point in its 52 week range is $25.667 per share, with $41.41 as the 52 week high point — that compares with a last trade of $40.93.
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Among the largest underlying components of PWV, in trading today Verizon Communications Inc (Symbol: VZ) is down about 0.3%, Ford Motor Co. (Symbol: F) is down about 0.6%, and DuPont (Symbol: DD) is lower by about 1.2%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco Dynamic Large Cap Value ETF (Symbol: PWV) where we have detected an approximate $198.8 million dollar inflow -- that's a 28.9% increase week over week in outstanding units (from 16,800,000 to 21,660,000). For a complete list of holdings, visit the PWV Holdings page » The chart below shows the one year price performance of PWV, versus its 200 day moving average: Looking at the chart above, PWV's low point in its 52 week range is $25.667 per share, with $41.41 as the 52 week high point — that compares with a last trade of $40.93.
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e6a49b3e-055a-4ef8-a5e9-fbde25a1c721
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716194.0
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2021-03-01 00:00:00 UTC
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7 Beaten Down Stocks With Significant Insider Buying
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DD
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https://www.nasdaq.com/articles/7-beaten-down-stocks-with-significant-insider-buying-2021-03-01
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Insiders are people who have access to confidential or private information about a company. Sometimes, if and when this information becomes public, it can move the price of the shares significantly. This is why so much attention has been paid to insider buying and selling.
In order to prevent the insiders from taking advantage of information that the public does not have access to, when they buy or sell their company’s stock, they need to make a public filing with the SEC. Because of this, we can find out when insiders are buying or selling their company’s stock. And this could give us a clue into the stock’s future prospects.
There are many reasons why they may sell. Maybe they need to raise money to buy a house or pay a college tuition or divorce settlement. However, there is only one reason why an insider will buy the stock. They believe buying it will lead to profits. Sooner or later, they think the shares will trade higher.
Insider buying can be a bullish signal for a stock. This is especially the case if the stock has recently had a large drop in price.
7 Penny Stocks Close To Busting Through the $5 Mark
Even though the market is trading close to all-time highs, these stocks have been beaten down recently … and the insiders are stepping up and buying shares.
Henry Schein (NASDAQ:HSIC)
Mettler-Toledo (NYSE:MTD)
Nu Skin Enterprises (NYSE:NUS)
Incyte Corp (NASDAQ:INCY)
DuPont (NYSE:DD)
Cerner Corp (NASDAQ:CERN)
Sensei Biotherapeutics (NASDAQ:SNSE)
Stocks With Insider Buying: Henry Schein (HSIC)
Henry Schein is in the healthcare business. It provides products and services to dentists, doctors, clinics and laboratories worldwide.
As you can see on the above chart, while the Dow Jones is trading at al time highs, over the past two weeks shares of HSIC have gone the other way. There has been some volatility and the price has dropped from levels around $74 to current levels around $65. This is a decline of more than 12%.
Mohamad Ali is a director of the company. He must believe that the shares are a good investment at its current levels. He just made a significant personal investment of more than $63,000. On Feb. 18 he paid $63.65 for 1,000 shares.
Wall Street agrees with him. Henry Schein is followed buy 16 analysts. The consensus recommendation of these firms is a buy. The average target price is $74.67. That’s about 21% higher than current prices.
Mettler-Toledo (MTD)
Mettler-Toledo manufactures and sells precision instruments and services worldwide, including weighing instruments for industrial, packaging, logistics, laboratory, and food applications.
MTD is a high-priced stock. As you can see on the above chart, over the past week the share price has declined from $1,270 to current levels around $1,116. This is around 12%.
Patrick Kaltenbach is the CEO designate of the company. He has decided to take advantage of the selloff. On Feb. 17 bought 50 shares at $1,170. This was a personal investment of about $58,000.
7 Electric Vehicle Stocks With Big Products for 2021
Wall Street believes that this company is slightly undervalued at current levels. 12 analysts follow and produce research on it. The consensus rating is a hold, with an average target price of $1,182. This is about 6% higher than where it is currently trading.
Nu Skin Enterprises (NUS)
Nu Skin Enterprises develops and sells personal care and wellness products worldwide. Products include cleaners and treatments for skincare.
On Feb. 11 Nu Skin reported its results for last year’s forth quarter. As you can see on the chart, investors were disappointed. Share fell from $62.50 to $49. This is a decline of more than 20%.
Daniel Campbell is a director of the company. He must believe that the selling was overdone. He just made a series of significant investments. Over Feb. 17 and 18, Campbell reported buying a total of 20,020 shares. He paid an average price of $50.05. This was a personal investment of just over $1 million.
It is followed by six analysts. They are split on the stock, but the average target price is $63. This is more than 20% higher than the current price.
Incyte Corp (INCY)
Incyte Corporation is a biopharmaceutical company that operates in the United States and internationally. The company was incorporated in 1991 and is based in Wilmington, Delaware.
Over the past week, the bears have taken control of INCY stock. You can see it on the above chart. They drove it down from levels around $100 to current levels around $80.
Herve Hoppenot is the chairman and CEO of Incyte. He must believe the selling is overdone and that in the future the stock will be trading higher than where it is now. On Feb. 23, he paid an average price of $77.37 for 12,925 shares. This was a personal investment of $1 million.
8 Stocks to Buy for March
Wall Street agrees. 21 analysts follow Incyte. The consensus rating is a buy and the average target price is $105. This is over 33% higher that where it is currently trading.
DuPont (DD)
DuPont develops and sells materials, chemical, and agricultural products. It came into being after the former DowDupon split into three companies in 2019. Like Incyte, this company is also based in Wilmington, Delaware.
As you can see on the above chart, over the past two weeks the share price has declined from $86 to around $71. This is a decline of about 17%.
Terrence Curtin is a member of the board of director. He must think the stock is undervalued here, because he just a significant personal investment of more than $520,000. Curtin bought 7,500 shares at an average price of $69.94.
Wall Street agrees. Not surprisingly for such an old company, DuPont was followed by 22 analysts in February, and almost all call it a buy. The average target price is $84 a share. That’s about 19% higher than current levels.
Cerner Corp (CERN)
Cerner Corporation provides healthcare information technology services and products in the United States and internationally.
As you can see on the chart, since the beginning of February shares of Cerner have been is a steep decline. After breaking above the $80 level in late January, they are now trading around the $70 level. This is a decline of about 12.5%.
Mark Erceg is an executive vice president and the chief financial officer of Cerner. He has decided to take advantage of this decline by making significant personal investments. Between Feb. 22 and 24, he invested over $750,000 into the stock. He bought a total of 10,655 shares at an average price of $70.32.
7 Companies That Should Start Using Cryptos in Everyday Business
The Street’s opinion on this company is mixed. Twenty firms follow it. Eleven have buy or overweight ratings on it. Nine of them have it as a hold.
Sensei Biotherapeutics (SNSE)
Sensei Biotherapeutics is a clinical-stage immunotherapy company. It makes products that have an initial focus on treatments for cancer.
This is a new company. It just has its initial public offering on Feb. 4. The offering price, or price people who received shares on the IPO paid was $19 a share. When the stock hit the secondary market it reached $26. But as you can see on the above chart, since then shares have been trending lower. They are currently trading around the $17 level.
Cambrian Biopharma is a company that has a substantial investment in Sensei. It owns more than 10% of it. James Peyer is a member of the board of directors. They both must think that this company’s long-term prospects are good.
On Feb. 22 each of these insiders reported purchases of 9,802 shares. They both paid an average price of $18.88. This means the each invested about $185,000.
At the time of this publication, Mark Putrino did not have any positions (either directly or indirectly) in any of the aforementioned securities.
The post 7 Beaten Down Stocks With Significant Insider Buying 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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Henry Schein (NASDAQ:HSIC) Mettler-Toledo (NYSE:MTD) Nu Skin Enterprises (NYSE:NUS) Incyte Corp (NASDAQ:INCY) DuPont (NYSE:DD) Cerner Corp (NASDAQ:CERN) Sensei Biotherapeutics (NASDAQ:SNSE) Stocks With Insider Buying: Henry Schein (HSIC) Henry Schein is in the healthcare business. DuPont (DD) DuPont develops and sells materials, chemical, and agricultural products. As you can see on the above chart, while the Dow Jones is trading at al time highs, over the past two weeks shares of HSIC have gone the other way.
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Henry Schein (NASDAQ:HSIC) Mettler-Toledo (NYSE:MTD) Nu Skin Enterprises (NYSE:NUS) Incyte Corp (NASDAQ:INCY) DuPont (NYSE:DD) Cerner Corp (NASDAQ:CERN) Sensei Biotherapeutics (NASDAQ:SNSE) Stocks With Insider Buying: Henry Schein (HSIC) Henry Schein is in the healthcare business. DuPont (DD) DuPont develops and sells materials, chemical, and agricultural products. Nu Skin Enterprises (NUS) Nu Skin Enterprises develops and sells personal care and wellness products worldwide.
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Henry Schein (NASDAQ:HSIC) Mettler-Toledo (NYSE:MTD) Nu Skin Enterprises (NYSE:NUS) Incyte Corp (NASDAQ:INCY) DuPont (NYSE:DD) Cerner Corp (NASDAQ:CERN) Sensei Biotherapeutics (NASDAQ:SNSE) Stocks With Insider Buying: Henry Schein (HSIC) Henry Schein is in the healthcare business. DuPont (DD) DuPont develops and sells materials, chemical, and agricultural products. In order to prevent the insiders from taking advantage of information that the public does not have access to, when they buy or sell their company’s stock, they need to make a public filing with the SEC.
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Henry Schein (NASDAQ:HSIC) Mettler-Toledo (NYSE:MTD) Nu Skin Enterprises (NYSE:NUS) Incyte Corp (NASDAQ:INCY) DuPont (NYSE:DD) Cerner Corp (NASDAQ:CERN) Sensei Biotherapeutics (NASDAQ:SNSE) Stocks With Insider Buying: Henry Schein (HSIC) Henry Schein is in the healthcare business. DuPont (DD) DuPont develops and sells materials, chemical, and agricultural products. As you can see on the above chart, over the past week the share price has declined from $1,270 to current levels around $1,116.
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29b7fc24-7fb7-46f7-a52f-176f1a805786
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716195.0
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2021-02-23 00:00:00 UTC
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How The Parts Add Up: OEF Targets $194
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DD
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https://www.nasdaq.com/articles/how-the-parts-add-up%3A-oef-targets-%24194-2021-02-23
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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 iShares S&P 100 ETF (Symbol: OEF), we found that the implied analyst target price for the ETF based upon its underlying holdings is $194.10 per unit.
With OEF trading at a recent price near $176.63 per unit, that means that analysts see 9.89% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of OEF's underlying holdings with notable upside to their analyst target prices are General Motors Co (Symbol: GM), Allstate Corp (Symbol: ALL), and DuPont de Nemours Inc (Symbol: DD). Although GM has traded at a recent price of $51.98/share, the average analyst target is 15.43% higher at $60.00/share. Similarly, ALL has 14.29% upside from the recent share price of $105.31 if the average analyst target price of $120.36/share is reached, and analysts on average are expecting DD to reach a target price of $77.86/share, which is 12.19% above the recent price of $69.40. Below is a twelve month price history chart comparing the stock performance of GM, ALL, and DD:
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
iShares S&P 100 ETF OEF $176.63 $194.10 9.89%
General Motors Co GM $51.98 $60.00 15.43%
Allstate Corp ALL $105.31 $120.36 14.29%
DuPont de Nemours Inc DD $69.40 $77.86 12.19%
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 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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iShares S&P 100 ETF OEF $176.63 $194.10 9.89% General Motors Co GM $51.98 $60.00 15.43% Allstate Corp ALL $105.31 $120.36 14.29% DuPont de Nemours Inc DD $69.40 $77.86 12.19% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of OEF's underlying holdings with notable upside to their analyst target prices are General Motors Co (Symbol: GM), Allstate Corp (Symbol: ALL), and DuPont de Nemours Inc (Symbol: DD). Similarly, ALL has 14.29% upside from the recent share price of $105.31 if the average analyst target price of $120.36/share is reached, and analysts on average are expecting DD to reach a target price of $77.86/share, which is 12.19% above the recent price of $69.40.
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Three of OEF's underlying holdings with notable upside to their analyst target prices are General Motors Co (Symbol: GM), Allstate Corp (Symbol: ALL), and DuPont de Nemours Inc (Symbol: DD). Similarly, ALL has 14.29% upside from the recent share price of $105.31 if the average analyst target price of $120.36/share is reached, and analysts on average are expecting DD to reach a target price of $77.86/share, which is 12.19% above the recent price of $69.40. iShares S&P 100 ETF OEF $176.63 $194.10 9.89% General Motors Co GM $51.98 $60.00 15.43% Allstate Corp ALL $105.31 $120.36 14.29% DuPont de Nemours Inc DD $69.40 $77.86 12.19% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now?
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Similarly, ALL has 14.29% upside from the recent share price of $105.31 if the average analyst target price of $120.36/share is reached, and analysts on average are expecting DD to reach a target price of $77.86/share, which is 12.19% above the recent price of $69.40. Three of OEF's underlying holdings with notable upside to their analyst target prices are General Motors Co (Symbol: GM), Allstate Corp (Symbol: ALL), and DuPont de Nemours Inc (Symbol: DD). Below is a twelve month price history chart comparing the stock performance of GM, ALL, and DD: Below is a summary table of the current analyst target prices discussed above:
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iShares S&P 100 ETF OEF $176.63 $194.10 9.89% General Motors Co GM $51.98 $60.00 15.43% Allstate Corp ALL $105.31 $120.36 14.29% DuPont de Nemours Inc DD $69.40 $77.86 12.19% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of OEF's underlying holdings with notable upside to their analyst target prices are General Motors Co (Symbol: GM), Allstate Corp (Symbol: ALL), and DuPont de Nemours Inc (Symbol: DD). Similarly, ALL has 14.29% upside from the recent share price of $105.31 if the average analyst target price of $120.36/share is reached, and analysts on average are expecting DD to reach a target price of $77.86/share, which is 12.19% above the recent price of $69.40.
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65ab9947-8228-489a-948d-1ab315cf1918
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716196.0
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2021-02-22 00:00:00 UTC
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7 Blue-Chip Stocks to Buy Investors Are Overlooking
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DD
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https://www.nasdaq.com/articles/7-blue-chip-stocks-to-buy-investors-are-overlooking-2021-02-22
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
While investors are often keen to invest in blue-chip stocks, there are more names in the space than they might realize at first glance. But before I dive into the overlooked names I would keep an eye on, it would help if we understand what blue-chip stocks are and what they are not. Here’s a definition from the Corporate Finance Institute:
“A blue chip is a stock of a well-established corporation with a reputation for reliability, quality, and financial stability. Blue chip stocks are usually the market leaders in their sectors and have a market capitalization running into billions of dollars.”
Some might consider Dividend Aristocrats perfect examples. However, just because a stock pays dividends doesn’t necessarily make it a blue-chip stock.
That said, most blue-chip stocks deliver steady earnings over the long haul, a requirement for growing dividend payments.
10 Dividend Stocks Increasing Their Payouts
Here are 7 blue-chip stocks to buy you might not think of:
Facebook (NASDAQ:FB)
Home Depot (NYSE:HD)
Procter & Gamble (NYSE:PG)
Visa (NYSE:V)
Cigna (NYSE:CI)
Deere & Company (NYSE:DE)
Micron Technology (NASDAQ:MU)
To make things interesting, not to mention easy to identify, my list of seven blue-chip stocks will be selected from 7 different sectors, and only comprised of those companies in the S&P 500 whose stock symbol is two letters or less. So, for example, Citigroup (NYSE:C) would qualify. So, too, would DuPont de Nemours (NYSE:DD).
Blue-Chip Stocks to Buy: Facebook (FB)
Source: rvlsoft / Shutterstock.com
The last time I recommended Facebook stock was in early February. Amazing as it seemed at the time, FB was flying under the radar despite generating massive amounts of free cash flow (FCF).
“In the 12 months that ended in December, Facebook generated $23.6 billion of free cash flow (FCF). Based on an enterprise value of $684.3 billion, it has an FCF yield of 3.5%. By comparison, Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) has an FCF yield of just 3.0% based on its $34 billion of FCF and its enterprise value of $1.13 trillion,” ” I wrote on February 4.
“When a company has just grown its FCF by 11% in 2020 and 38% in 2019, it’s hard to get too worried about the uncertainty it’s facing.”
To me, Facebook’s stock seems to be fairly valued, if not downright cheap. It’s a blue-chip stock if there ever was one.
Home Depot (HD)
Source: Cassiohabib / Shutterstock.com
There’s no question this home improvement retailer has hit a bit of a lull in 2021.
With a year-to-date total return of 3.7% through Feb. 16, HD stock was more than 150 basis points lower than the growth of the entire U.S. market. Over the past 52 weeks, Home Depot’s total return is 17.4%, more than 500 basis points less than the markets as a whole.
It seemed like only yesterday the media were talking up Home Depot stock’s domination of the markets. In September, InvestorPlace’s Josh Enomoto recommended Home Depot as one of 10 blue-chip stocks ideal for any investor.
A couple of months after my colleague’s HD call, the company reported Q3 2020 earnings that beat out analyst estimates with sales up 24% over the same period a year earlier. On the bottom line, its earnings per share were $3.18, 12 cents clear of the consensus estimate.
“Among those still in work, spending on the home continues to be a priority,” Neil Saunders, managing director of Global Data said in November. “Savings from lower outlays on commuting, eating out and not taking vacations have given consumers a pool of cash which they have diverted into home projects and activities.”
10 Dividend Stocks Increasing Their Payouts
Regardless of when Covid-19 ends, Home Depot ought to continue to deliver above-average results over the long haul.
Procter & Gamble (PG)
Source: Jonathan Weiss / Shutterstock.com
The maker of household names such as Tide, Gillette, Head & Shoulders and so many more has really seen business improve in recent years.
Procter & Gamble reported Q2 2021 earnings in January that were better than expected. On the top line, it reported sales of $19.75 billion, $480 million higher than analyst expectations. On the bottom line, PG earned $1.64 a share, 13 cents higher than the consensus estimate.
One new product that came in handy during the pandemic was its Microban 24-hour disinfecting spray. Anything related to disinfectants did well over the past 12 months, but you have to be good to be lucky.
As a result of its strong second quarter, the company raised its sales growth projections to 5-6% in 2021, up from 3-4% earlier in the fiscal year. On the bottom line, it expects 8-10% adjusted earnings growth in 2021.
P&G does an excellent job converting income into free cash flow (FCF). For the trailing 12 months, it converted 120% of its $13.6 billion in net income into FCF.
It plans to use up to $10 billion of that $16.2 billion in FCF to repurchase its stock in 2021. With a 2.5% dividend yield, P&G remains an excellent defensive play that knows how to go on the offensive.
Visa (V)
Source: Teerawit Chankowet / Shutterstock.com
Is there ever a bad time to own the world’s largest payment processor?
It turns out that if you bought Visa stock this time last February, your total return over the past year would be -0.6%. This compares to a gain of 22.0% for the U.S. markets as a whole. However, over any other period — 3-year, 5-year, and 10-year — Visa has delivered annualized total returns of 20% or higher.
So, it’s a rarity to see the payment processor floundering in a market that appears to only know one direction.
Don’t worry.
The impending economic recovery brought on by an economic stimulus package, followed by a post-Covid-19 world, should do wonders for Visa’s share price. At least that’s what analysts believe.
Morgan Stanley analyst James Faucette was happy with the payment processor’s Q1 2021 report at the end of January. Earnings per share were $1.42, 14 cents clear of the consensus while revenues were $5.7 billion, $200 million better than analyst expectations.
“While commentary around near-term volume trends remains cautious, [management] spoke of keeping their current schedule of pricing increases and bring back expenses,” Faucette said at the time. “While headwinds from social distancing measures and travel restrictions persist through [January], we remain optimistic about the long-term growth of the business.”
Faucette has an outperform rating for Visa and a target price of $233. Of the 39 analysts covering V stock, 29 rate it a buy, four have it overweight, and six holds. There are no sell recommendations.
10 Dividend Stocks Increasing Their Payouts
Visa will get its mojo back.
Cigna (CI)
Source: Piotr Swat / Shutterstock.com
This health insurer reported fourth-quarter results on February 4. For the full year, revenues were $160.1 billion, 4.2% higher than $153.6 billion a year earlier. Adjusted income from operations was $6.8 billion, up from $6.5 billion in 2019.
Those are decent results in the middle of a pandemic. And yet, investors have given it very little love over the past year — it’s got a total return of -7.7%. Or any time over the past five years for that matter.
As part of its earnings announcement, Cigna said it expects adjusted net revenues of at least $165 billion in 2021 with adjusted income from operations of at least $6.95 billion.
Business is looking positive and that’s reflected in the analyst coverage. Of the 24 covering Cigna, 21 have it as a buy. As for the target price, it’s $258.43, providing 27% potential upside over the next 12 months.
While there’s no question Covid-19 hurt Cigna’s bottom line in 2020, the health insurer continues to grow its Evernorth health services business, which includes Express Scripts, the pharmacy benefit manager it bought in December 2018 for $54 billion.
In Q4 2020, Evernorth’s adjusted revenues grew by 19% to $30.5 billion with pre-tax adjusted income from operations of $1.59 billion.
It might not be UnitedHealth Group (NYSE:UNH) but it’s a lot cheaper at, 0.5 times sales compared to 1.2x for UNH.
Deere & Company (DE)
Source: mark stephens photography / Shutterstock.com
There is no question that the maker of agricultural equipment has been on a roll in recent years. Up 32.9% on an annualized basis over the past five years and 90.5% in the past 53 weeks, DE stock has a price-to-sales ratio of 2.9, more than double its five-year average.
In January 2017, I put Deere on a list of 10 stocks that ought to be in the Dow Jones Index.
“[A]griculture is the future and a prime beneficiary of that macro theme is Deere & Company (NYSE:DE) although you probably wouldn’t know it by its top- and bottom-line in recent years. In 2013, it had $6.2 billion in operating income from $37.8 billion in revenue; in 2016, its operating income was just $3 billion from $26.6 billion in revenue,” I wrote back on Jan. 18, 2017.
“However, the agriculture cycle, according to Jim Cramer, has turned and that’s putting stocks like Deere into orbit. Up 38.3% in 2016, investors can expect more of the same in 2017.”
From my January 2017 article through the end of 2017, DE stock gained 32%, virtually the same return from 2016. It’s up 199% from January 2017 through February 16.
Blue Line Capital’s Bill Baruch recently suggested that $300 was a good entry point for Deere. Hotter than a pistol in recent weeks, I’m not sure investors are going to get a chance in the near term.
10 Dividend Stocks Increasing Their Payouts
Long-term, it’s hard to bet against it.
Micron Technology (MU)
Source: madamF / Shutterstock.com
Micron’s stock has gotten off to a fast start in 2021 with a year-to-date total return of 16.7%. Of course, the sector as a whole is hot. Nvidia’s (NASDAQ:NVDA) total return is 17.4% over the same time.
Yet Micron remains the value play for most semiconductor investors. While NVDA trades at 26 times sales, MU settles for 5x sales. To a certain extent, that’s a function of the markets each company serves, but the gap remains excessively large.
Of the 33 analysts that cover MU stock, 27 rate it a buy. Only one analyst believes it will be an underperformer over the next 12 months. It has an average target price of $99.20, providing 14% upside potential at current prices.
It’s my experience that Micron always seems to surprise to the upside.
My InvestorPlace colleague, Larry Ramer, recently discussed how Micron plans to use at least 50% of its free cash flow (FCF) to buy back its stock.
Ramer projects that MU will generate at least $2 billion in free cash flow in 2021. If he’s right, at current prices, Micron could buy back approximately 11.4 million of its shares. Based on 1.12 billion shares outstanding, that’s a 1% reduction in its share count.
However, when you consider that Micron repurchased 70 million shares of its stock in the past two fiscal years for a 117% return on its $2.84 billion investment — an average price paid of $40.57 — any amount of shares repurchased appears to be an excellent use of its FCF.
On the date of publication, Will Ashworth did not have (either directly or indirectly) any positions in the securities mentioned in this article.
Will Ashworth has written about investments full-time since 2008. Publications where he’s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities.
The post 7 Blue-Chip Stocks to Buy Investors Are Overlooking 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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So, too, would DuPont de Nemours (NYSE:DD). Those are decent results in the middle of a pandemic. Procter & Gamble (PG) Source: Jonathan Weiss / Shutterstock.com The maker of household names such as Tide, Gillette, Head & Shoulders and so many more has really seen business improve in recent years.
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So, too, would DuPont de Nemours (NYSE:DD). Those are decent results in the middle of a pandemic. 10 Dividend Stocks Increasing Their Payouts Here are 7 blue-chip stocks to buy you might not think of: Facebook (NASDAQ:FB) Home Depot (NYSE:HD) Procter & Gamble (NYSE:PG) Visa (NYSE:V) Cigna (NYSE:CI) Deere & Company (NYSE:DE) Micron Technology (NASDAQ:MU) To make things interesting, not to mention easy to identify, my list of seven blue-chip stocks will be selected from 7 different sectors, and only comprised of those companies in the S&P 500 whose stock symbol is two letters or less.
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So, too, would DuPont de Nemours (NYSE:DD). Those are decent results in the middle of a pandemic. InvestorPlace - Stock Market News, Stock Advice & Trading Tips While investors are often keen to invest in blue-chip stocks, there are more names in the space than they might realize at first glance.
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So, too, would DuPont de Nemours (NYSE:DD). Those are decent results in the middle of a pandemic. 10 Dividend Stocks Increasing Their Payouts Here are 7 blue-chip stocks to buy you might not think of: Facebook (NASDAQ:FB) Home Depot (NYSE:HD) Procter & Gamble (NYSE:PG) Visa (NYSE:V) Cigna (NYSE:CI) Deere & Company (NYSE:DE) Micron Technology (NASDAQ:MU) To make things interesting, not to mention easy to identify, my list of seven blue-chip stocks will be selected from 7 different sectors, and only comprised of those companies in the S&P 500 whose stock symbol is two letters or less.
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c192d508-dc1d-4a05-b754-ba0e358101c2
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716197.0
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2021-02-22 00:00:00 UTC
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After A 2x Rally Dow Inc Stock Appears To Be Vulnerable
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DD
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https://www.nasdaq.com/articles/after-a-2x-rally-dow-inc-stock-appears-to-be-vulnerable-2021-02-22
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nan
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nan
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After a solid rise of over 2x from its March 2020 lows, at the current price of $59 per share, the chemicals giant Dow Inc. stock (NYSE:DOW), appears to be fully valued. DOW stock has rallied from levels of around $26 to over $58 off the March 2020 bottom compared to the S&P which moved 76%. DOW stock has outperformed the market, due to better than estimated quarterly results on the back of better pricing for its products, especially polyethylene. Also, the stock is up 19% in the last one year despite revenue falling 10% y-o-y over the last four quarters. While the gradual opening up of the economy is expected to lead to higher demand for chemicals, the stock appears to be fully valued when compared to its historical levels, making it vulnerable to downside risk. Our dashboard Buy Or Fear Dow Inc. Stock provides the key numbers behind our thinking.
Looking at a longer time horizon, DOW stock is up 21% since the end of 2018. Most of the stock price growth since 2018 can be attributed to the expansion of the company’s P/S multiple. Looking at fundamentals, total revenues declined 22% from $49.6 billion in 2018 to $38.5 billion in 2020, partly due to the impact of the pandemic on the company’s business, and continued weakness in pricing as well as volume. However, Q4 2020 in particular saw steady volumes and pricing gains, a trend that may continue in the near term, due to the expected rebound in the economic activity aiding the overall demand for Dow’s products. Additionally, a contraction of net income margin from 5.9% in 2018 to 3.4% in 2020, meant that the company’s net income dropped to $1.2 billion in 2020 compared to $2.9 billion in 2018. The decline in margins can also be attributed to increased operating costs during the pandemic as well as increased R&D investments, when looked at as a percentage of revenues (2.0% in 2020 vs 1.6% in 2018). DOW’s EPS actually declined to $1.64 in 2020, compared to $3.80 in 2018, while its revenue per share (RPS) dropped from $66.37 to $51.60 over the same period. While the company saw its revenue and profits decline, the P/S multiple has expanded from 0.8x in 2018 to over 1.1x currently (based on trailing RPS).
Outlook
The coronavirus crisis induced lockdowns affected industrial activity and hit the chemicals demand. Now that the economies have been gradually opening up, the demand for chemicals has increased, aiding Dow’s top-line growth in Q4 2020. Total revenue of $10.7 billion in Q4 2020 reflected a 5% y-o-y growth. Sales growth was aided by modest volume gains and improved polyethylene pricing, particularly in food and specialty packaging and health and hygiene applications. Overall volume growth of 1% y-o-y also resulted in volume reaching to pre-pandemic levels in all operating segments for Dow.
That said, the recent surge in Covid positive cases could prove to be an impediment in the path of Dow’s revenue growth. But in the absence of another wave and re-imposition of lockdowns, the company’s business will likely see steady growth. Any further recovery and its timing hinge on the broader containment of the coronavirus spread. Our dashboard Trends In U.S. Covid-19 Cases provides an overview of how the pandemic has been spreading in the U.S. and contrasts with trends in Brazil and Russia.
Currently, investors seem to be buoyed by Dow’s positive revenue and earnings outlook based on the expected recovery in economic activity, and that appears to be priced in the current stock price of $59, in our view. Even if we were to look at the forward RPS estimate of $58.53 for Dow in 2021, at the current price of $59, it is trading at a little over 1.0x P/S multiple, which is higher than the levels of 0.7x seen in 2018 and 0.8x in 2019, making the stock appear vulnerable to downside risk.
What if you’re looking for a more balanced portfolio instead? Here’s a high quality portfolio to beat the market, with over 100% return since 2016, versus 55% for the S&P 500. Comprised of companies with strong revenue growth, healthy profits, lots of cash, and low risk, it has outperformed the broader market year after year, consistently.
See all Trefis Price Estimates and Download Trefis Data here
What’s behind Trefis? See How It’s Powering New Collaboration and What-Ifs For CFOs and Finance Teams | Product, R&D, and Marketing Teams
The views and 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, a contraction of net income margin from 5.9% in 2018 to 3.4% in 2020, meant that the company’s net income dropped to $1.2 billion in 2020 compared to $2.9 billion in 2018. While the gradual opening up of the economy is expected to lead to higher demand for chemicals, the stock appears to be fully valued when compared to its historical levels, making it vulnerable to downside risk. However, Q4 2020 in particular saw steady volumes and pricing gains, a trend that may continue in the near term, due to the expected rebound in the economic activity aiding the overall demand for Dow’s products.
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Additionally, a contraction of net income margin from 5.9% in 2018 to 3.4% in 2020, meant that the company’s net income dropped to $1.2 billion in 2020 compared to $2.9 billion in 2018. After a solid rise of over 2x from its March 2020 lows, at the current price of $59 per share, the chemicals giant Dow Inc. stock (NYSE:DOW), appears to be fully valued. While the gradual opening up of the economy is expected to lead to higher demand for chemicals, the stock appears to be fully valued when compared to its historical levels, making it vulnerable to downside risk.
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Additionally, a contraction of net income margin from 5.9% in 2018 to 3.4% in 2020, meant that the company’s net income dropped to $1.2 billion in 2020 compared to $2.9 billion in 2018. After a solid rise of over 2x from its March 2020 lows, at the current price of $59 per share, the chemicals giant Dow Inc. stock (NYSE:DOW), appears to be fully valued. Looking at fundamentals, total revenues declined 22% from $49.6 billion in 2018 to $38.5 billion in 2020, partly due to the impact of the pandemic on the company’s business, and continued weakness in pricing as well as volume.
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Additionally, a contraction of net income margin from 5.9% in 2018 to 3.4% in 2020, meant that the company’s net income dropped to $1.2 billion in 2020 compared to $2.9 billion in 2018. Looking at fundamentals, total revenues declined 22% from $49.6 billion in 2018 to $38.5 billion in 2020, partly due to the impact of the pandemic on the company’s business, and continued weakness in pricing as well as volume. However, Q4 2020 in particular saw steady volumes and pricing gains, a trend that may continue in the near term, due to the expected rebound in the economic activity aiding the overall demand for Dow’s products.
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7ce434f7-4cce-473c-9a29-35df3219e0f2
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716198.0
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2021-02-21 00:00:00 UTC
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Don't Buy DuPont de Nemours, Inc. (NYSE:DD) For Its Next Dividend Without Doing These Checks
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DD
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https://www.nasdaq.com/articles/dont-buy-dupont-de-nemours-inc.-nyse%3Add-for-its-next-dividend-without-doing-these-checks
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nan
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nan
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Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see DuPont de Nemours, Inc. (NYSE:DD) is about to trade ex-dividend in the next three days. Ex-dividend means that investors that purchase the stock on or after the 26th of February will not receive this dividend, which will be paid on the 15th of March.
DuPont de Nemours's upcoming dividend is US$0.30 a share, following on from the last 12 months, when the company distributed a total of US$1.20 per share to shareholders. Based on the last year's worth of payments, DuPont de Nemours stock has a trailing yield of around 1.7% on the current share price of $69.79. If you buy this business for its dividend, you should have an idea of whether DuPont de Nemours's dividend is reliable and sustainable. So we need to check whether the dividend payments are covered, and if earnings are growing.
Dividends are typically paid from company earnings. If a company pays more in dividends than it earned in profit, then the dividend could be unsustainable. DuPont de Nemours reported a loss after tax last year, which means it's paying a dividend despite being unprofitable. While this might be a one-off event, this is unlikely to be sustainable in the long term. Considering the lack of profitability, we also need to check if the company generated enough cash flow to cover the dividend payment. If DuPont de Nemours didn't generate enough cash to pay the dividend, then it must have either paid from cash in the bank or by borrowing money, neither of which is sustainable in the long term. It distributed 31% of its free cash flow as dividends, a comfortable payout level for most companies.
Click here to see the company's payout ratio, plus analyst estimates of its future dividends.
NYSE:DD Historic Dividend February 22nd 2021
Have Earnings And Dividends Been Growing?
Businesses with shrinking earnings are tricky from a dividend perspective. If earnings decline and the company is forced to cut its dividend, investors could watch the value of their investment go up in smoke. DuPont de Nemours was unprofitable last year and, unfortunately, the general trend suggests its earnings have been in decline over the last five years, making us wonder if the dividend is sustainable at all.
Many investors will assess a company's dividend performance by evaluating how much the dividend payments have changed over time. DuPont de Nemours's dividend payments per share have declined at 4.0% per year on average over the past 10 years, which is uninspiring. While it's not great that earnings and dividends per share have fallen in recent years, we're encouraged by the fact that management has trimmed the dividend rather than risk over-committing the company in a risky attempt to maintain yields to shareholders.
Final Takeaway
Is DuPont de Nemours worth buying for its dividend? First, it's not great to see the company paying a dividend despite being loss-making over the last year. On the plus side, the dividend was covered by free cash flow." It's not that we think DuPont de Nemours is a bad company, but these characteristics don't generally lead to outstanding dividend performance.
So if you're still interested in DuPont de Nemours despite it's poor dividend qualities, you should be well informed on some of the risks facing this stock. For example, we've found 2 warning signs for DuPont de Nemours (1 is significant!) that deserve your attention before investing in the shares.
If you're in the market for dividend stocks, we recommend checking our list of top dividend stocks with a greater than 2% yield and an upcoming dividend.
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.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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Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see DuPont de Nemours, Inc. (NYSE:DD) is about to trade ex-dividend in the next three days. NYSE:DD Historic Dividend February 22nd 2021 Have Earnings And Dividends Been Growing? Based on the last year's worth of payments, DuPont de Nemours stock has a trailing yield of around 1.7% on the current share price of $69.79.
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Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see DuPont de Nemours, Inc. (NYSE:DD) is about to trade ex-dividend in the next three days. NYSE:DD Historic Dividend February 22nd 2021 Have Earnings And Dividends Been Growing? Based on the last year's worth of payments, DuPont de Nemours stock has a trailing yield of around 1.7% on the current share price of $69.79.
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Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see DuPont de Nemours, Inc. (NYSE:DD) is about to trade ex-dividend in the next three days. NYSE:DD Historic Dividend February 22nd 2021 Have Earnings And Dividends Been Growing? If you buy this business for its dividend, you should have an idea of whether DuPont de Nemours's dividend is reliable and sustainable.
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Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see DuPont de Nemours, Inc. (NYSE:DD) is about to trade ex-dividend in the next three days. NYSE:DD Historic Dividend February 22nd 2021 Have Earnings And Dividends Been Growing? Based on the last year's worth of payments, DuPont de Nemours stock has a trailing yield of around 1.7% on the current share price of $69.79.
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c851316f-b979-4daa-acb9-6ce9a429dc45
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716199.0
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2021-02-19 00:00:00 UTC
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Daily Dividend Report: CCI, DD, SWK, STT, O
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DD
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https://www.nasdaq.com/articles/daily-dividend-report%3A-cci-dd-swk-stt-o-2021-02-19
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nan
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nan
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Crown Castle International (CCI) has declared a quarterly cash dividend of $1.33 per common share. The quarterly dividend will be payable on March 31, 2021 to common stockholders of record at the close of business on March 15, 2021.
DuPont (DD) announced that its Board of Directors has declared a first quarter dividend of $0.30 per share on the outstanding Common Stock of the Company (par value $0.01 per share) payable March 15, 2021, to holders of record of said stock at the close of business on March 1, 2021.
Stanley Black & Decker (SWK) approved a regular first quarter cash dividend of $0.70 per common share. The dividend is payable on Tuesday, March 23, 2021 to shareholders of record as of the close of business on Tuesday, March 9, 2021.
State Street Corporation (STT) announced a quarterly cash dividend of $0.52 per share of common stock, payable on April 12, 2021 to common shareholders of record at the close of business on April 1, 2021.
Realty Income Corporation has declared the 608th consecutive common stock monthly dividend. The dividend amount of $0.2345 per share, representing an annualized amount of $2.814 per share, is payable on March 15, 2021 to shareholders of record as of March 1, 2021. The ex-dividend date for March's dividend is February 26, 2021.
VIDEO: Daily Dividend Report: CCI, DD, SWK, STT, O
The views and 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 (DD) announced that its Board of Directors has declared a first quarter dividend of $0.30 per share on the outstanding Common Stock of the Company (par value $0.01 per share) payable March 15, 2021, to holders of record of said stock at the close of business on March 1, 2021. VIDEO: Daily Dividend Report: CCI, DD, SWK, STT, O The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Crown Castle International (CCI) has declared a quarterly cash dividend of $1.33 per common share.
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DuPont (DD) announced that its Board of Directors has declared a first quarter dividend of $0.30 per share on the outstanding Common Stock of the Company (par value $0.01 per share) payable March 15, 2021, to holders of record of said stock at the close of business on March 1, 2021. VIDEO: Daily Dividend Report: CCI, DD, SWK, STT, O The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Crown Castle International (CCI) has declared a quarterly cash dividend of $1.33 per common share.
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DuPont (DD) announced that its Board of Directors has declared a first quarter dividend of $0.30 per share on the outstanding Common Stock of the Company (par value $0.01 per share) payable March 15, 2021, to holders of record of said stock at the close of business on March 1, 2021. VIDEO: Daily Dividend Report: CCI, DD, SWK, STT, O The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The quarterly dividend will be payable on March 31, 2021 to common stockholders of record at the close of business on March 15, 2021.
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DuPont (DD) announced that its Board of Directors has declared a first quarter dividend of $0.30 per share on the outstanding Common Stock of the Company (par value $0.01 per share) payable March 15, 2021, to holders of record of said stock at the close of business on March 1, 2021. VIDEO: Daily Dividend Report: CCI, DD, SWK, STT, O The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The quarterly dividend will be payable on March 31, 2021 to common stockholders of record at the close of business on March 15, 2021.
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8067299e-3f22-4648-bd5b-4e87d766b015
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