Unnamed: 0
stringlengths 3
8
| Date
stringlengths 23
23
| Article_title
stringlengths 1
250
| Stock_symbol
stringlengths 1
5
| Url
stringlengths 44
135
| Publisher
stringclasses 1
value | Author
stringclasses 1
value | Article
stringlengths 1
343k
| Lsa_summary
stringlengths 3
53.9k
| Luhn_summary
stringlengths 1
53.9k
| Textrank_summary
stringlengths 1
53.9k
| Lexrank_summary
stringlengths 1
53.9k
| uuid
stringlengths 36
36
|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
716300.0
|
2020-03-23 00:00:00 UTC
|
DD May 15th Options Begin Trading
|
DD
|
https://www.nasdaq.com/articles/dd-may-15th-options-begin-trading-2020-03-23
|
nan
|
nan
|
Investors in DuPont (Symbol: DD) saw new options begin trading today, for the May 15th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new May 15th contracts and identified one put and one call contract of particular interest.
The put contract at the $27.50 strike price has a current bid of $1.83. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $27.50, but will also collect the premium, putting the cost basis of the shares at $25.67 (before broker commissions). To an investor already interested in purchasing shares of DD, that could represent an attractive alternative to paying $30.20/share today.
Because the $27.50 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 73%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 6.65% return on the cash commitment, or 45.83% 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 $27.50 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $35.00 strike price has a current bid of $1.35. If an investor was to purchase shares of DD stock at the current price level of $30.20/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $35.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 20.36% if the stock gets called away at the May 15th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $35.00 strike highlighted in red:
Considering the fact that the $35.00 strike represents an approximate 16% 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 80%. 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 4.47% boost of extra return to the investor, or 30.79% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 112%, while the implied volatility in the call contract example is 83%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $30.20) to be 59%. 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.
|
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 $35.00 strike highlighted in red: Considering the fact that the $35.00 strike represents an approximate 16% 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 15th expiration.
|
The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 73%. Below is a chart showing DD's trailing twelve month trading history, with the $35.00 strike highlighted in red: Considering the fact that the $35.00 strike represents an approximate 16% 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 80%.
|
Below is a chart showing DD's trailing twelve month trading history, with the $35.00 strike highlighted in red: Considering the fact that the $35.00 strike represents an approximate 16% 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 15th expiration.
|
At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new May 15th 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 $35.00 strike highlighted in red: Considering the fact that the $35.00 strike represents an approximate 16% 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 15th expiration.
|
c050f721-8b0b-46df-8940-c969cf1654e2
|
716301.0
|
2020-03-16 00:00:00 UTC
|
DuPont Becomes Oversold (DD)
|
DD
|
https://www.nasdaq.com/articles/dupont-becomes-oversold-dd-2020-03-16
|
nan
|
nan
|
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 Monday, shares of DuPont (Symbol: DD) entered into oversold territory, hitting an RSI reading of 29.7, after changing hands as low as $31.6301 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 31.2. A bullish investor could look at DD's 29.7 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 $31.6301 per share, with $83.7299 as the 52 week high point — that compares with a last trade of $34.20.
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.
|
In trading on Monday, shares of DuPont (Symbol: DD) entered into oversold territory, hitting an RSI reading of 29.7, after changing hands as low as $31.6301 per share. A bullish investor could look at DD's 29.7 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 $31.6301 per share, with $83.7299 as the 52 week high point — that compares with a last trade of $34.20.
|
In trading on Monday, shares of DuPont (Symbol: DD) entered into oversold territory, hitting an RSI reading of 29.7, after changing hands as low as $31.6301 per share. A bullish investor could look at DD's 29.7 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 $31.6301 per share, with $83.7299 as the 52 week high point — that compares with a last trade of $34.20.
|
In trading on Monday, shares of DuPont (Symbol: DD) entered into oversold territory, hitting an RSI reading of 29.7, after changing hands as low as $31.6301 per share. A bullish investor could look at DD's 29.7 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 $31.6301 per share, with $83.7299 as the 52 week high point — that compares with a last trade of $34.20.
|
In trading on Monday, shares of DuPont (Symbol: DD) entered into oversold territory, hitting an RSI reading of 29.7, after changing hands as low as $31.6301 per share. A bullish investor could look at DD's 29.7 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 $31.6301 per share, with $83.7299 as the 52 week high point — that compares with a last trade of $34.20.
|
f830e9f9-06d6-4704-92e0-bcb34e2e8075
|
716302.0
|
2020-03-13 00:00:00 UTC
|
The Coronavirus Forces an Interesting Narrative for CGC Stock
|
DD
|
https://www.nasdaq.com/articles/the-coronavirus-forces-an-interesting-narrative-for-cgc-stock-2020-03-13
|
nan
|
nan
|
InvestorPlace - Stock Market News, Stock Advice & Trading Tips
In an industry known for its green hue, investors hoped that the cannabis market would be spared the red ink. Unfortunately, this didn’t pan out. Instead, a huge drop in the benchmark indices on Wednesday relegated almost every publicly traded company into the doldrums, including sector leader Canopy Growth (NYSE:CGC). During the bloodbath, CGC stock dropped nearly 6%.
Source: Shutterstock
One of the biggest contributors to the fallout was the World Health Organization declaring the coronavirus from China a pandemic. Not helping matters is growing perception that, until recently, President Donald Trump’s administration was not handling the situation seriously. Recently, the number of cases in the U.S. exceeded the 1,000 mark. And in all, the worldwide cumulative total is nearly 126,000 cases at time of writing.
Supply Chain Issues
Intuitively, these matters don’t appear to impact CGC stock. However, Wall Street is worried that community panic could effectively quarantine retail sentiment — impeding discretionary purchases like cannabis. Furthermore, the coronavirus headwind on Chinese supply chains represent a direct hindrance on the legal marijuana industry.
First, most cannabis-specific vaporizer products are manufactured in China. As you know, vaporizers are among the platforms that are featured in the so-called “Cannabis 2.0” rollout in Canada. So a disruption in this category will be a repeat of the supply chain woes when the country first went green.
The 10 Best Stocks to Buy After The Market's Historic Sell-Off
Second, the widespread panic has dramatically reduced inventory of protective masks and gloves. Obviously, this presents problems to production workers. Companies like 3M (NYSE:MMM) and DuPont (NYSE:DD) promised to boost productions, but the immediate chokehold could hurt for a while.
Finally, even mundane aspects of the business such as packaging risks disruption. And with China making almost everything you can think of, CGC stock subsequently took a beating.
A Pivotal Geopolitical Discussion May Help CGC Stock
Given the extremely negative response in the markets, some readers may wonder if my expectations for the longer-term picture has changed. Furthermore, others may ask if the thesis for CGC stock has been irreparably damaged.
However, my answer to both questions is a firm no.
Regarding the coronavirus, neither I nor anyone with whom I work with are downplaying the seriousness of this outbreak. But we must all realize that throughout American history, devastating diseases have plagued our communities. At best (or at worst), they impose minimal or transient disruptions. And I expect the same here.
As far as CGC stock is concerned, Canopy Growth is the segment leader. As a still-young market, we will see growing pains knock out many competitors. Typically, though, growing pains don’t permanently incapacitate the best and the brightest.
But in further analyzing the present market dynamic, one unavoidable factor has arisen: our — and the global economy’s — dependence on China.
Although the international community has robust trade relations with China, politics and national security interests have clashed. Back home, government officials from all sides of the ideological spectrum have raised alarms about China’s expansionary efforts. And with so many industries — and subsegments within those industries — are tied to the nation, it’s inevitable that the global community is seeking paths of diversification.
Over the long run, cannabis has the potential to explode higher as a largely North American economic engine of mutually beneficial interest. Additionally, the U.S. and Canada have forged an unbreakable friendship over the centuries.
Considering that cannabis is a massive job creator, the idea of U.S. full legalization has likely inched a bit closer to fruition. After all, being dependent on Canada is a much more palatable concept.
Food for Thought
Last December, the Trump administration proposed a plan to allow states to import prescription drugs from Canada in an attempt to lower drug costs. Ultimately, industry trade groups from both nations opposed the plan. For the Canadians, they worried that the proposal would hurt supplies for their own citizens.
Today, Americans are rapidly waking up to that reality.
Of course, any plan to create alternative supply chains will experience severe difficulty. China doesn’t just control specific drug supplies, but a wide range of them, including over-the-counter meds.
With so much in China’s hands, policy makers will likely consider not only relaxing cannabis restrictions, but encouraging their development — particularly for cannabis-based medicines and therapies. So from both an economic and scientific perspective, cannabis really is a homegrown, viable catalyst.
This won’t just be a net positive for CGC stock, too. Rather, it could foster a long-term revenue source unencumbered by geopolitical tensions; Something that we urgently need.
Matthew McCall left Wall Street to actually help investors — by getting them into the world’s biggest, most revolutionary trends BEFORE anyone else. The power of being “first” gave Matt’s readers the chance to bank +2,438% in Stamps.com (STMP), +1,523% in Ulta Beauty (ULTA) and +1,044% in Tesla (TSLA), just to name a few. Click here to see what Matt has up his sleeve now. Matt does not directly own the aforementioned securities.
The post The Coronavirus Forces an Interesting Narrative for CGC 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.
|
Companies like 3M (NYSE:MMM) and DuPont (NYSE:DD) promised to boost productions, but the immediate chokehold could hurt for a while. Additionally, the U.S. and Canada have forged an unbreakable friendship over the centuries. Instead, a huge drop in the benchmark indices on Wednesday relegated almost every publicly traded company into the doldrums, including sector leader Canopy Growth (NYSE:CGC).
|
Companies like 3M (NYSE:MMM) and DuPont (NYSE:DD) promised to boost productions, but the immediate chokehold could hurt for a while. Additionally, the U.S. and Canada have forged an unbreakable friendship over the centuries. InvestorPlace - Stock Market News, Stock Advice & Trading Tips In an industry known for its green hue, investors hoped that the cannabis market would be spared the red ink.
|
Companies like 3M (NYSE:MMM) and DuPont (NYSE:DD) promised to boost productions, but the immediate chokehold could hurt for a while. Additionally, the U.S. and Canada have forged an unbreakable friendship over the centuries. InvestorPlace - Stock Market News, Stock Advice & Trading Tips In an industry known for its green hue, investors hoped that the cannabis market would be spared the red ink.
|
Companies like 3M (NYSE:MMM) and DuPont (NYSE:DD) promised to boost productions, but the immediate chokehold could hurt for a while. Additionally, the U.S. and Canada have forged an unbreakable friendship over the centuries. InvestorPlace - Stock Market News, Stock Advice & Trading Tips In an industry known for its green hue, investors hoped that the cannabis market would be spared the red ink.
|
30e998bf-2065-42a9-858e-8d2565a0642c
|
716303.0
|
2020-03-12 00:00:00 UTC
|
Interesting DD Put And Call Options For May 1st
|
DD
|
https://www.nasdaq.com/articles/interesting-dd-put-and-call-options-for-may-1st-2020-03-12
|
nan
|
nan
|
Investors in DuPont (Symbol: DD) saw new options become available today, for the May 1st expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new May 1st contracts and identified one put and one call contract of particular interest.
The put contract at the $32.50 strike price has a current bid of $1.65. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $32.50, but will also collect the premium, putting the cost basis of the shares at $30.85 (before broker commissions). To an investor already interested in purchasing shares of DD, that could represent an attractive alternative to paying $33.56/share today.
Because the $32.50 strike represents an approximate 3% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 61%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 5.08% return on the cash commitment, or 37.06% 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 $32.50 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $34.00 strike price has a current bid of $1.60. If an investor was to purchase shares of DD stock at the current price level of $33.56/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $34.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 6.08% if the stock gets called away at the May 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 $34.00 strike highlighted in red:
Considering the fact that the $34.00 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 4.77% boost of extra return to the investor, or 34.80% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 131%, while the implied volatility in the call contract example is 121%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $33.56) to be 56%. 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.
|
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 $34.00 strike highlighted in red: Considering the fact that the $34.00 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 May 1st expiration.
|
The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 61%. Below is a chart showing DD's trailing twelve month trading history, with the $34.00 strike highlighted in red: Considering the fact that the $34.00 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%.
|
Below is a chart showing DD's trailing twelve month trading history, with the $34.00 strike highlighted in red: Considering the fact that the $34.00 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 May 1st expiration.
|
At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new May 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 $34.00 strike highlighted in red: Considering the fact that the $34.00 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 May 1st expiration.
|
dc6919ed-0d91-4ea3-93ef-84dbf7600d65
|
716304.0
|
2020-03-11 00:00:00 UTC
|
DuPont To Participate In The J.P. Morgan Industrials Conference At 12:50 PM ET
|
DD
|
https://www.nasdaq.com/articles/dupont-to-participate-in-the-j.p.-morgan-industrials-conference-at-12%3A50-pm-et-2020-03-11
|
nan
|
nan
|
(RTTNews) - EI DuPont De Nemours & Co.(DD) will present at the J.P. Morgan Industrials Conference.
The event is scheduled to begin at 12:50 PM ET on March 11, 2020
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.
|
(RTTNews) - EI DuPont De Nemours & Co.(DD) will present at the J.P. Morgan Industrials Conference. The event is scheduled to begin at 12:50 PM ET on March 11, 2020 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.
|
(RTTNews) - EI DuPont De Nemours & Co.(DD) will present at the J.P. Morgan Industrials Conference. The event is scheduled to begin at 12:50 PM ET on March 11, 2020 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.
|
(RTTNews) - EI DuPont De Nemours & Co.(DD) will present at the J.P. Morgan Industrials Conference. The event is scheduled to begin at 12:50 PM ET on March 11, 2020 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.
|
(RTTNews) - EI DuPont De Nemours & Co.(DD) will present at the J.P. Morgan Industrials Conference. The event is scheduled to begin at 12:50 PM ET on March 11, 2020 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.
|
884e0a4b-0ee9-410f-bf06-2f28ecbbcee2
|
716305.0
|
2020-03-09 00:00:00 UTC
|
Notable Monday Option Activity: DD, FANG, TWTR
|
DD
|
https://www.nasdaq.com/articles/notable-monday-option-activity%3A-dd-fang-twtr-2020-03-09
|
nan
|
nan
|
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in DuPont (Symbol: DD), where a total of 41,341 contracts have traded so far, representing approximately 4.1 million underlying shares. That amounts to about 50.9% of DD's average daily trading volume over the past month of 8.1 million shares. Especially high volume was seen for the $40 strike put option expiring June 19, 2020, with 15,013 contracts trading so far today, representing approximately 1.5 million underlying shares of DD. Below is a chart showing DD's trailing twelve month trading history, with the $40 strike highlighted in orange:
Diamondback Energy, Inc. (Symbol: FANG) options are showing a volume of 13,539 contracts thus far today. That number of contracts represents approximately 1.4 million underlying shares, working out to a sizeable 43.9% of FANG's average daily trading volume over the past month, of 3.1 million shares. Particularly high volume was seen for the $50 strike put option expiring April 17, 2020, with 4,007 contracts trading so far today, representing approximately 400,700 underlying shares of FANG. Below is a chart showing FANG's trailing twelve month trading history, with the $50 strike highlighted in orange:
And Twitter Inc (Symbol: TWTR) options are showing a volume of 94,824 contracts thus far today. That number of contracts represents approximately 9.5 million underlying shares, working out to a sizeable 43.3% of TWTR's average daily trading volume over the past month, of 21.9 million shares. Especially high volume was seen for the $39.50 strike call option expiring March 13, 2020, with 6,197 contracts trading so far today, representing approximately 619,700 underlying shares of TWTR. Below is a chart showing TWTR's trailing twelve month trading history, with the $39.50 strike highlighted in orange:
For the various different available expirations for DD options, FANG options, or TWTR 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.
|
Especially high volume was seen for the $40 strike put option expiring June 19, 2020, with 15,013 contracts trading so far today, representing approximately 1.5 million underlying shares of DD. Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in DuPont (Symbol: DD), where a total of 41,341 contracts have traded so far, representing approximately 4.1 million underlying shares. That amounts to about 50.9% of DD's average daily trading volume over the past month of 8.1 million shares.
|
Below is a chart showing DD's trailing twelve month trading history, with the $40 strike highlighted in orange: Diamondback Energy, Inc. (Symbol: FANG) options are showing a volume of 13,539 contracts thus far today. Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in DuPont (Symbol: DD), where a total of 41,341 contracts have traded so far, representing approximately 4.1 million underlying shares. That amounts to about 50.9% of DD's average daily trading volume over the past month of 8.1 million shares.
|
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in DuPont (Symbol: DD), where a total of 41,341 contracts have traded so far, representing approximately 4.1 million underlying shares. Especially high volume was seen for the $40 strike put option expiring June 19, 2020, with 15,013 contracts trading so far today, representing approximately 1.5 million underlying shares of DD. That amounts to about 50.9% of DD's average daily trading volume over the past month of 8.1 million shares.
|
Especially high volume was seen for the $40 strike put option expiring June 19, 2020, with 15,013 contracts trading so far today, representing approximately 1.5 million underlying shares of DD. Below is a chart showing TWTR's trailing twelve month trading history, with the $39.50 strike highlighted in orange: For the various different available expirations for DD options, FANG options, or TWTR options, visit StockOptionsChannel.com. Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in DuPont (Symbol: DD), where a total of 41,341 contracts have traded so far, representing approximately 4.1 million underlying shares.
|
8e725433-0d2c-486e-80b2-a53733061fe7
|
716306.0
|
2020-02-28 00:00:00 UTC
|
Billionaire Leon Cooperman Speculates on These 3 “Strong Buy” Stocks
|
DD
|
https://www.nasdaq.com/articles/billionaire-leon-cooperman-speculates-on-these-3-strong-buy-stocks-2020-02-28
|
nan
|
nan
|
The last few trading days, which have seen some of the worst market losses of the 2000’s, bring up some serious questions for investors. The stock markets reached record-high level in recent weeks, raising concerns about bubbles. Are these sharp drops just a correction, as buyers cash in their profits? Or is the market reacting to the coronavirus outbreak, and the chance that a global pandemic won’t just disrupt trade and travel but also break the Chinese economy and spark a global recession?
These are some of the questions on investors’ minds, and there may be no easy answers. So, it’s natural at times like this to turn to the financial experts – traders who’ve risen to prominence through long-term success in the markets. Leon Cooperman, of Omega Advisors, has been just such a market force for decades, and has built his firm into a multi-billion-dollar behemoth. He recently spoke up about the near- and mid-term prospects for the markets.
First, Cooperman sees the current slips as essentially beneficial for the markets. Even though the Dow and S&P have both seen their highest point-drops ever, the markets actually not even close to recession territory. Cooperman says, “The correction is healthy for the market. Even though I've lost a ton of money.” He added his view that the viral outbreak will likely taper down by June, and that with stock prices down now, investors have an opportunity to buy in at discount prices.
We’ve taken three of Cooperman's recent investments and looked them up in the TipRanks database. These are investments that the Stock Screener tool reveals as ‘Strong Buy’ rated and, more importantly, all three have a clear positive upside potential for the near future. Let’s dive deeper, to find out what those analysts have to say.
DuPont De Nemours (DD)
The first Cooperman buy that caught our attention is the largest player in the US chemical manufacturing industry. Dupont is a famous name, dating back to the early 1800s. The company’s products have applications in a wide range of industry and manufacturing, including electronics, transportation, biosciences, and construction. DuPont’s adhesives, fluids, reinforcing composites, foams and coatings, rubber and elastomers, and synthetic fibers are found throughout the economy.
A stable stock, from a company with a sound footing, offering steady dividend returns, is practically a poster child for defensive investing – and Cooperman bought up 426,335 shares in Q4. That more than doubled his shares of DD, a stock which he has held since Q3 2017. Cooperman’s recent purchase in DuPont is now worth over $19 million, and his total holding in the stock is valued at $35.7 million.
Analyst John McNulty, of BMO Capital, is bullish on DuPont’s near-term prospects, writing, “Following what has been a choppy run for DD over the past eight months... In addition to maintaining focus on portfolio optimization, we believe the move is to enhance the attention to operational excellence, return DD to growth, and ensure the company delivers on its targeted goals.”
McNulty gives DD shares $82 price target and a Buy rating. His target suggests an upside of 81% for the stock – plenty of potential to attract investors. (To watch McNulty’s track record, click here)
Weighing in from Deutsche Bank, 5-star analyst David Begleiter focuses on recent top-management churn at the company, saying, “We view the firing of DuPont's CEO and CFO and the return of Ed Breen as CEO as a slight positive… The changes are being made to accelerate operational performance improvement and to more directly tap Mr. Breen’s significant management experience.”
Given his optimistic view of the new leadership, Begleiter rates DD shares a Buy, with a $65 price target and a 44% upside potential. (To watch Begleiter’s track record, click here)
Overall, the analyst consensus on DD is a Strong Buy, based on 8 Buy ratings and just 2 holds. Th stock is selling for $45.07, and the average price target of $72.70 suggests an upside of 61%. (See DuPont stock analysis at TipRanks)
Diamondback Energy (FANG)
Next up is a Texas oil company. Diamondback is part of the Permian Basin oil boom that has energized the Texas economy and helped make the US a net exporter of crude oil and oil products. Diamondback is an oil exploration and drilling company, and produced over 130,000 barrels of oil equivalent per day. With a market cap of $9.4 billion, Diamondback is considered a mid-size player in the oil industry.
Like many of its peers and competitors, FANG tried to compensate for low oil prices with increased production – and in Q4 it succeeded. Earnings for the final quarter of CY2019 came in at $1.93, well above the $1.80 estimate. Revenues gave an even better print, growing 74% year-over-year and beating the estimates to reach $1.104 billion.
The strong earnings prompted company management to announce an increase in the dividend, raising the quarterly payment from 19 cents to 38 cents. Annualized at $1.52, this gives a yield of 2.4%, comparing well with the 2% average among S&P listed companies. And at 19%, the payout ratio indicates no difficulties for the company in maintaining the payments.
Cooperman is familiar with FANG’s strengths and potential. His Q4 stock purchases, of 200,000 shares, doubled his holding in the oil producer, and his total stake, 400,000 shares, is now worth $23.8 million. When the new dividend is paid out in March, Cooperman stands to earn $152,000.
Wall Street also likes FANG stock. Imperial Capital analyst Jason Wangler writes of the stock, “The company intends to see continued cost improvements, improved oil realizations, and production growth during 2020 which should drive free cash flow from operations used to help fund its recently-increased dividend program as well share repurchases when appropriate. Excess cash generation can also help strengthen FANG’s balance sheet... We believe this balanced approach should help drive shareholder value going forward.”
Wangler’s Buy rating is supported by his $110 price target, which suggests an impressive growth potential of 84%. (To watch Wangler’s track record, click here)
Also bullish is Michael Glick, from JPMorgan. Glick puts an aggressive $139 price target on this stock, indicating the extent of his confidence: a 133% upside potential.
Glick writes, in his comments on FANG, “We also note FANG TIL'ed more wells than our model, which should allow for continued growth in 1Q. Overall, we think the positives (magnitude of dividend, TSR focus and Midland inventory growth) outweigh the negatives (4Q capex, slightly higher unit costs in 2020 versus our model) here.” To watch Glick’s track record, click here)
FANG shares have 14 recent Buy-side ratings, making its analyst consensus a unanimous Strong Buy. Shares are selling for a bargain, especially for a stock with such a high potential: the $122.57 average price target suggests a 106% upside potential from the current trading price of $59.48. (See Diamondback’s stock analysis at TipRanks)
Mr. Cooper Group (COOP)
Last on our list today is a mortgage service company, operating in the single-family residence market in the US. Mr. Cooper Group bills itself as one of the country’s largest home loan providers, and boasts a market cap of $1.16 billion. Since bottoming out last June, COOP shares have gained 86%.
Of the stocks on this list, COOP is the only one not to offer a dividend – but it has shown the strongest share appreciation, and the company’s earnings were net-positive through all of 2019. In Q4, COOP reported $1.03 per share, beating the 67-cent estimate by 53%. Revenues also beat the estimates; the $618 million print was 13% better than the forecast. The quarterly report, and positive performance of the company through 2019, shows that Mr. Cooper Group has successfully navigated the low-interest rate regime in the US mortgage industry.
Cooperman’s purchase of this stock totaled 928,427 shares, increasing his holding by 92% to a total of 1,932,027. Cooperman has held a stake in this company since Q3 2018, and his current stake is worth $24.5 million.
Douglas Harter, a 4-star analyst with Credit Suisse, writes of COOP stock, “While the decline in rates have negatively impacted servicing profitability, the improved performance in originations will result in higher near-term operating earnings and only a modest decline in book value.”
Harter puts a Buy rating here, and supports it with a $17 price target. His target implies an upside potential of 33%. (To watch Harter’s track record, click here)
All in all, COOP shares have 3 Buy ratings against 1 hold, giving the stock a Strong Buy from the analyst consensus. Shares are selling for $12.70, and the average price target, $17, matches Harter’s. The Street sees room for 34% upside growth in this stock. (See Mr. Cooper Group’s stock analysis at TipRanks)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
(To watch McNulty’s track record, click here) Weighing in from Deutsche Bank, 5-star analyst David Begleiter focuses on recent top-management churn at the company, saying, “We view the firing of DuPont's CEO and CFO and the return of Ed Breen as CEO as a slight positive… The changes are being made to accelerate operational performance improvement and to more directly tap Mr. Breen’s significant management experience.” Given his optimistic view of the new leadership, Begleiter rates DD shares a Buy, with a $65 price target and a 44% upside potential. Even though I've lost a ton of money.” He added his view that the viral outbreak will likely taper down by June, and that with stock prices down now, investors have an opportunity to buy in at discount prices. DuPont De Nemours (DD) The first Cooperman buy that caught our attention is the largest player in the US chemical manufacturing industry.
|
Even though I've lost a ton of money.” He added his view that the viral outbreak will likely taper down by June, and that with stock prices down now, investors have an opportunity to buy in at discount prices. DuPont De Nemours (DD) The first Cooperman buy that caught our attention is the largest player in the US chemical manufacturing industry. That more than doubled his shares of DD, a stock which he has held since Q3 2017.
|
(To watch McNulty’s track record, click here) Weighing in from Deutsche Bank, 5-star analyst David Begleiter focuses on recent top-management churn at the company, saying, “We view the firing of DuPont's CEO and CFO and the return of Ed Breen as CEO as a slight positive… The changes are being made to accelerate operational performance improvement and to more directly tap Mr. Breen’s significant management experience.” Given his optimistic view of the new leadership, Begleiter rates DD shares a Buy, with a $65 price target and a 44% upside potential. Even though I've lost a ton of money.” He added his view that the viral outbreak will likely taper down by June, and that with stock prices down now, investors have an opportunity to buy in at discount prices. DuPont De Nemours (DD) The first Cooperman buy that caught our attention is the largest player in the US chemical manufacturing industry.
|
In addition to maintaining focus on portfolio optimization, we believe the move is to enhance the attention to operational excellence, return DD to growth, and ensure the company delivers on its targeted goals.” McNulty gives DD shares $82 price target and a Buy rating. Even though I've lost a ton of money.” He added his view that the viral outbreak will likely taper down by June, and that with stock prices down now, investors have an opportunity to buy in at discount prices. DuPont De Nemours (DD) The first Cooperman buy that caught our attention is the largest player in the US chemical manufacturing industry.
|
aeceb9bf-ae99-49ed-8185-7ebd39a9409b
|
716307.0
|
2020-02-25 00:00:00 UTC
|
Ex-Dividend Reminder: DuPont, Agnico Eagle Mines and Ashland Global Holdings
|
DD
|
https://www.nasdaq.com/articles/ex-dividend-reminder%3A-dupont-agnico-eagle-mines-and-ashland-global-holdings-2020-02-25
|
nan
|
nan
|
Looking at the universe of stocks we cover at Dividend Channel, on 2/27/20, DuPont (Symbol: DD), Agnico Eagle Mines Ltd (Symbol: AEM), and Ashland Global Holdings Inc (Symbol: ASH) will all trade ex-dividend for their respective upcoming dividends. DuPont will pay its quarterly dividend of $0.30 on 3/16/20, Agnico Eagle Mines Ltd will pay its quarterly dividend of $0.20 on 3/16/20, and Ashland Global Holdings Inc will pay its quarterly dividend of $0.275 on 3/15/20. As a percentage of DD's recent stock price of $49.96, this dividend works out to approximately 0.60%, so look for shares of DuPont to trade 0.60% lower — all else being equal — when DD shares open for trading on 2/27/20. Similarly, investors should look for AEM to open 0.38% lower in price and for ASH to open 0.35% lower, all else being equal.
Below are dividend history charts for DD, AEM, and ASH, showing historical dividends prior to the most recent ones declared.
DuPont (Symbol: DD):
Agnico Eagle Mines Ltd (Symbol: AEM):
Ashland Global Holdings Inc (Symbol: ASH):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 2.40% for DuPont, 1.53% for Agnico Eagle Mines Ltd, and 1.39% for Ashland Global Holdings Inc.
In Tuesday trading, DuPont shares are currently down about 1%, Agnico Eagle Mines Ltd shares are down about 1%, and Ashland Global Holdings Inc shares are down about 0.4% 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.
|
As a percentage of DD's recent stock price of $49.96, this dividend works out to approximately 0.60%, so look for shares of DuPont to trade 0.60% lower — all else being equal — when DD shares open for trading on 2/27/20. Looking at the universe of stocks we cover at Dividend Channel, on 2/27/20, DuPont (Symbol: DD), Agnico Eagle Mines Ltd (Symbol: AEM), and Ashland Global Holdings Inc (Symbol: ASH) will all trade ex-dividend for their respective upcoming dividends. Below are dividend history charts for DD, AEM, and ASH, showing historical dividends prior to the most recent ones declared.
|
Looking at the universe of stocks we cover at Dividend Channel, on 2/27/20, DuPont (Symbol: DD), Agnico Eagle Mines Ltd (Symbol: AEM), and Ashland Global Holdings Inc (Symbol: ASH) will all trade ex-dividend for their respective upcoming dividends. DuPont (Symbol: DD): Agnico Eagle Mines Ltd (Symbol: AEM): Ashland Global Holdings Inc (Symbol: ASH): 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 $49.96, this dividend works out to approximately 0.60%, so look for shares of DuPont to trade 0.60% lower — all else being equal — when DD shares open for trading on 2/27/20.
|
Looking at the universe of stocks we cover at Dividend Channel, on 2/27/20, DuPont (Symbol: DD), Agnico Eagle Mines Ltd (Symbol: AEM), and Ashland Global Holdings Inc (Symbol: ASH) will all trade ex-dividend for their respective upcoming dividends. DuPont (Symbol: DD): Agnico Eagle Mines Ltd (Symbol: AEM): Ashland Global Holdings Inc (Symbol: ASH): 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 $49.96, this dividend works out to approximately 0.60%, so look for shares of DuPont to trade 0.60% lower — all else being equal — when DD shares open for trading on 2/27/20.
|
Looking at the universe of stocks we cover at Dividend Channel, on 2/27/20, DuPont (Symbol: DD), Agnico Eagle Mines Ltd (Symbol: AEM), and Ashland Global Holdings Inc (Symbol: ASH) will all trade ex-dividend for their respective upcoming dividends. As a percentage of DD's recent stock price of $49.96, this dividend works out to approximately 0.60%, so look for shares of DuPont to trade 0.60% lower — all else being equal — when DD shares open for trading on 2/27/20. Below are dividend history charts for DD, AEM, and ASH, showing historical dividends prior to the most recent ones declared.
|
94861ec6-1794-4e14-adf4-82906d364e74
|
716308.0
|
2020-02-24 00:00:00 UTC
|
Oversold Conditions For DuPont (DD)
|
DD
|
https://www.nasdaq.com/articles/oversold-conditions-for-dupont-dd-2020-02-24
|
nan
|
nan
|
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 Monday, shares of DuPont (Symbol: DD) entered into oversold territory, hitting an RSI reading of 29.3, after changing hands as low as $49.60 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 40.5. A bullish investor could look at DD's 29.3 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 $49.60 per share, with $83.7299 as the 52 week high point — that compares with a last trade of $50.36.
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.
|
In trading on Monday, shares of DuPont (Symbol: DD) entered into oversold territory, hitting an RSI reading of 29.3, after changing hands as low as $49.60 per share. A bullish investor could look at DD's 29.3 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 $49.60 per share, with $83.7299 as the 52 week high point — that compares with a last trade of $50.36.
|
In trading on Monday, shares of DuPont (Symbol: DD) entered into oversold territory, hitting an RSI reading of 29.3, after changing hands as low as $49.60 per share. A bullish investor could look at DD's 29.3 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 $49.60 per share, with $83.7299 as the 52 week high point — that compares with a last trade of $50.36.
|
In trading on Monday, shares of DuPont (Symbol: DD) entered into oversold territory, hitting an RSI reading of 29.3, after changing hands as low as $49.60 per share. A bullish investor could look at DD's 29.3 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 $49.60 per share, with $83.7299 as the 52 week high point — that compares with a last trade of $50.36.
|
In trading on Monday, shares of DuPont (Symbol: DD) entered into oversold territory, hitting an RSI reading of 29.3, after changing hands as low as $49.60 per share. A bullish investor could look at DD's 29.3 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 $49.60 per share, with $83.7299 as the 52 week high point — that compares with a last trade of $50.36.
|
8f1d2720-0234-4a54-8e9b-3b0da819866e
|
716309.0
|
2020-02-23 00:00:00 UTC
|
Validea's Top Five Basic Materials Stocks Based On Joseph Piotroski - 2/23/2020
|
DD
|
https://www.nasdaq.com/articles/valideas-top-five-basic-materials-stocks-based-on-joseph-piotroski-2-23-2020-2020-02-23
|
nan
|
nan
|
The following are the top rated Basic Materials stocks according to Validea's Book/Market Investor model based on the published strategy of Joseph Piotroski. This value-quant strategy screens for high book-to-market stocks, and then separates out financially sound firms by looking at a host of improving financial criteria.
DUPONT DE NEMOURS INC (DD) is a large-cap growth stock in the Chemical Manufacturing industry. The rating according to our strategy based on Joseph Piotroski is 90% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: DuPont de Nemours, Inc., formerly DowDuPont Inc., provides technology-based materials, ingredients and solutions. The Company offers its products and solutions across four businesses: Electronics and Imaging, Nutrition and Biosciences, Safety and Construction, and Transportation and Industrial. It offers products under various brands, such as Kevlar, Nomex, Tyvek, Sorona, Danisco, Corian, GREAT STUFF and Styrofoam. Its product lines include adhesives, animal nutrition, biomaterials, clean technologies, construction materials, consumer products, electronic solutions, dietary supplements, water solution, microbial control solutions, industrial enzymes and bioactives, packaging materials and solutions, and medical devices and materials. It provides solutions to a range of markets, including automotive, building and construction, energy, government and public sector, military, law enforcement, emergency response, packaging and printing, and safety and protection industries.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
BOOK/MARKET RATIO: PASS
RETURN ON ASSETS: PASS
CHANGE IN RETURN ON ASSETS: PASS
CASH FLOW FROM OPERATIONS: PASS
CASH COMPARED TO NET INCOME: PASS
CHANGE IN LONG TERM DEBT/ASSETS PASS
CHANGE IN CURRENT RATIO: FAIL
CHANGE IN SHARES OUTSTANDING: PASS
CHANGE IN GROSS MARGIN: PASS
CHANGE IN ASSET TURNOVER: PASS
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
TERNIUM SA (ADR) (TX) is a mid-cap value stock in the Iron & Steel industry. The rating according to our strategy based on Joseph Piotroski is 90% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Ternium S.A. is a producer of steel products. The Company produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers, steel processors or end users. The Company operates through two segments: Steel and Mining. The Steel segment includes the sales of steel products and the Mining segment includes the sales of iron ore products, which are primarily inter-company. The Steel segment comprises three operating segments: Mexico, the Southern Region and Other Markets. In the steel segment, steel products include slabs, billets and round bars (steel in its basic, semi-finished state), hot-rolled coils and sheets, bars and stirrups, wire rods, cold-rolled coils and sheets, tin plate, hot dipped galvanized and electrogalvanized sheets and pre-painted sheets, steel pipes and tubular products, beams, roll-formed products, and other products. In the mining segment, iron ore is sold as concentrates (fines) and pellets.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
BOOK/MARKET RATIO: PASS
RETURN ON ASSETS: PASS
CHANGE IN RETURN ON ASSETS: PASS
CASH FLOW FROM OPERATIONS: PASS
CASH COMPARED TO NET INCOME: PASS
CHANGE IN LONG TERM DEBT/ASSETS PASS
CHANGE IN CURRENT RATIO: PASS
CHANGE IN SHARES OUTSTANDING: PASS
CHANGE IN GROSS MARGIN: FAIL
CHANGE IN ASSET TURNOVER: PASS
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
VERSO CORP (VRS) is a small-cap growth stock in the Containers & Packaging industry. The rating according to our strategy based on Joseph Piotroski is 90% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Verso Corporation is a producer of coated papers, which are used in magazines, catalogs, advertising brochures and annual reports, among other media and marketing publications. The Company operates through two segments: paper and pulp. The Paper segment includes paper products, which are used in media and marketing applications, including catalogs, magazines, and commercial printing applications, such as advertising brochures, annual reports and direct-mail advertising. The Pulp segment includes pulp products, which are used to manufacture printing, writing, and specialty paper grades and tissue products. The Company produces a range of products, ranging from coated freesheet and coated groundwood, to inkjet and digital paper, supercalendered papers and uncoated freesheet. It also produces and sells market kraft pulp, which is used to manufacture printing and writing paper grades and tissue products. The Company also produces and sells Northern Bleached Hardwood Kraft (NBHK) pulp.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
BOOK/MARKET RATIO: PASS
RETURN ON ASSETS: PASS
CHANGE IN RETURN ON ASSETS: PASS
CASH FLOW FROM OPERATIONS: PASS
CASH COMPARED TO NET INCOME: PASS
CHANGE IN LONG TERM DEBT/ASSETS PASS
CHANGE IN CURRENT RATIO: PASS
CHANGE IN SHARES OUTSTANDING: FAIL
CHANGE IN GROSS MARGIN: PASS
CHANGE IN ASSET TURNOVER: PASS
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
KRATON CORP (KRA) is a small-cap value stock in the Chemicals - Plastics & Rubber industry. The rating according to our strategy based on Joseph Piotroski is 80% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Kraton Corporation, formerly Kraton Performance Polymers, Inc., is a specialty chemicals company. The Company manufactures styrenic block copolymers (SBCs) and other engineered polymers. The Company also produces specialty products primarily derived from pine wood pulping co-products. The Company operates through two segments: Polymer Segment, which comprises SBCs and other engineered polymers business, and Chemical Segment, which comprises pine-based specialty products business. Its SBCs are used in a range of applications, including adhesives, coatings, consumer and personal care products, sealants, lubricants, medical, packaging, automotive, paving, roofing and footwear products. The Company also sells isoprene rubber (IR) and isoprene rubber latex (IRL), which are non-SBC products primarily used in applications, such as medical products, personal care, adhesives, tackifiers, paints and coatings. It offers crude tall oil (CTO) and crude sulfate turpentine (CST).
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
BOOK/MARKET RATIO: PASS
RETURN ON ASSETS: PASS
CHANGE IN RETURN ON ASSETS: PASS
CASH FLOW FROM OPERATIONS: PASS
CASH COMPARED TO NET INCOME: PASS
CHANGE IN LONG TERM DEBT/ASSETS PASS
CHANGE IN CURRENT RATIO: PASS
CHANGE IN SHARES OUTSTANDING: FAIL
CHANGE IN GROSS MARGIN: FAIL
CHANGE IN ASSET TURNOVER: PASS
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
MOSAIC CO (MOS) is a mid-cap value stock in the Chemical Manufacturing industry. The rating according to our strategy based on Joseph Piotroski is 80% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company operates through three segments: Phosphates, Potash and International Distribution. The Company is a supplier of phosphate- and potash-based crop nutrients and animal feed ingredients. The Phosphates segment owns and operates mines and production facilities in Florida, which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants in Louisiana, which produce concentrated phosphate crop nutrients. The Potash segment mines and processes potash in Canada and the United States, and sells potash in North America and internationally. The International Distribution segment markets phosphate-, potash- and nitrogen-based crop nutrients and animal feed ingredients, and provides other ancillary services to wholesalers, cooperatives, independent retailers and farmers in South America and the Asia-Pacific regions.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
BOOK/MARKET RATIO: PASS
RETURN ON ASSETS: PASS
CHANGE IN RETURN ON ASSETS: PASS
CASH FLOW FROM OPERATIONS: PASS
CASH COMPARED TO NET INCOME: PASS
CHANGE IN LONG TERM DEBT/ASSETS PASS
CHANGE IN CURRENT RATIO: FAIL
CHANGE IN SHARES OUTSTANDING: FAIL
CHANGE IN GROSS MARGIN: PASS
CHANGE IN ASSET TURNOVER: PASS
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
Since its inception, Validea's strategy based on Joseph Piotroski has returned 137.46% vs. 191.52% for the S&P 500. For more details on this strategy, click here
About Joseph Piotroski: Piotroski isn't your typical Wall Street big shot. In fact, he's not even a professional investor. He's a good old numbers-crunching accountant and college professor. But in 2000, shortly after he started teaching at the University of Chicago's Graduate School of Business, Piotroski published a groundbreaking paper in the Journal of Accounting Research entitled "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers". In it, Piotroski laid out an accounting-based stock-selection/shorting method that produced a 23 percent average annual back-tested return from 1976 through 1996 -- more than double the S&P 500's gain during that time. Piotroski's findings were reported in major financial publiations like SmartMoney. Today, he teaches accounting at Stanford University's Graduate School of Business.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
DUPONT DE NEMOURS INC (DD) is a large-cap growth stock in the Chemical Manufacturing industry. It provides solutions to a range of markets, including automotive, building and construction, energy, government and public sector, military, law enforcement, emergency response, packaging and printing, and safety and protection industries. The International Distribution segment markets phosphate-, potash- and nitrogen-based crop nutrients and animal feed ingredients, and provides other ancillary services to wholesalers, cooperatives, independent retailers and farmers in South America and the Asia-Pacific regions.
|
DUPONT DE NEMOURS INC (DD) is a large-cap growth stock in the Chemical Manufacturing industry. Its product lines include adhesives, animal nutrition, biomaterials, clean technologies, construction materials, consumer products, electronic solutions, dietary supplements, water solution, microbial control solutions, industrial enzymes and bioactives, packaging materials and solutions, and medical devices and materials. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here VERSO CORP (VRS) is a small-cap growth stock in the Containers & Packaging industry.
|
DUPONT DE NEMOURS INC (DD) is a large-cap growth stock in the Chemical Manufacturing industry. The Steel segment includes the sales of steel products and the Mining segment includes the sales of iron ore products, which are primarily inter-company. In the steel segment, steel products include slabs, billets and round bars (steel in its basic, semi-finished state), hot-rolled coils and sheets, bars and stirrups, wire rods, cold-rolled coils and sheets, tin plate, hot dipped galvanized and electrogalvanized sheets and pre-painted sheets, steel pipes and tubular products, beams, roll-formed products, and other products.
|
DUPONT DE NEMOURS INC (DD) is a large-cap growth stock in the Chemical Manufacturing industry. The following are the top rated Basic Materials stocks according to Validea's Book/Market Investor model based on the published strategy of Joseph Piotroski. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here Since its inception, Validea's strategy based on Joseph Piotroski has returned 137.46% vs. 191.52% for the S&P 500.
|
43419831-a1a9-48b4-98a1-9172be759f8b
|
716310.0
|
2020-02-18 00:00:00 UTC
|
DuPont Names Edward Breen As CEO, Lori Koch As CFO - Quick Facts
|
DD
|
https://www.nasdaq.com/articles/dupont-names-edward-breen-as-ceo-lori-koch-as-cfo-quick-facts-2020-02-18
|
nan
|
nan
|
(RTTNews) - DuPont (DD) announced Tuesday that its Board of Directors has appointed current Executive Chairman Edward Breen to the additional role of Chief Executive Officer. Lori Koch, Vice President of Investor Relations and Corporate Financial Planning and Analysis, is named Chief Financial Officer. Both appointments are effective immediately.
As a result, Marc Doyle and Jeanmarie Desmond, who have served as CEO and CFO respectively, will depart the company.
The company said it will continue to advance the initiatives to assure that its organizational and cost structures are right sized to reflect the ongoing portfolio changes.
To ensure this initiative maintains the right level of rigor, Nick Fanandakis, former DuPont CFO, will serve as Senior Advisor to the CEO with a focus on driving the restructuring effort.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
(RTTNews) - DuPont (DD) announced Tuesday that its Board of Directors has appointed current Executive Chairman Edward Breen to the additional role of Chief Executive Officer. As a result, Marc Doyle and Jeanmarie Desmond, who have served as CEO and CFO respectively, will depart the company. The company said it will continue to advance the initiatives to assure that its organizational and cost structures are right sized to reflect the ongoing portfolio changes.
|
(RTTNews) - DuPont (DD) announced Tuesday that its Board of Directors has appointed current Executive Chairman Edward Breen to the additional role of Chief Executive Officer. Lori Koch, Vice President of Investor Relations and Corporate Financial Planning and Analysis, is named Chief Financial Officer. To ensure this initiative maintains the right level of rigor, Nick Fanandakis, former DuPont CFO, will serve as Senior Advisor to the CEO with a focus on driving the restructuring effort.
|
(RTTNews) - DuPont (DD) announced Tuesday that its Board of Directors has appointed current Executive Chairman Edward Breen to the additional role of Chief Executive Officer. To ensure this initiative maintains the right level of rigor, Nick Fanandakis, former DuPont CFO, will serve as Senior Advisor to the CEO with a focus on driving the restructuring effort. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
(RTTNews) - DuPont (DD) announced Tuesday that its Board of Directors has appointed current Executive Chairman Edward Breen to the additional role of Chief Executive Officer. Lori Koch, Vice President of Investor Relations and Corporate Financial Planning and Analysis, is named Chief Financial Officer. Both appointments are effective immediately.
|
cf7f4d4f-adda-4d0e-a6cf-fbc823d1ebd4
|
716311.0
|
2020-02-14 00:00:00 UTC
|
Is This a Warning Signal or a Buy Sign for Chemours?
|
DD
|
https://www.nasdaq.com/articles/is-this-a-warning-signal-or-a-buy-sign-for-chemours-2020-02-14
|
nan
|
nan
|
On July 1, 2015, DuPont de Nemours (NYSE: DD) completed the spinoff of its performance chemicals segment to form The Chemours Company (NYSE: CC).
The chemicals it produces are key inputs in the manufacture of plastics and coatings, including paints for roofing, siding and enamels, refrigeration and air conditioning, electronics, mining, and oil refining. The business comprises three segments: fluoroproducts, chemical solutions, and titanium technologies.
While some may view its business as boring, Chemours offers investors something to get excited about: a dividend currently yielding 6.5%, and a forward price-to-earnings ratio (P/E) to match. If an investor can find good enough reasons to feel comfortable, this could be the right time to open a position in Chemours. But there are no free lunches, so first, it's necessary to weigh the risks and downsides that have driven the stock to its lowest point since the company has traded independently.
Image Source: Getty Images
Litigation uncertainties
Any large manufacturing company is likely to have litigation risks listed among its public disclosures, and it's unsurprising that a chemical company would have several. Chemours' situation, though, is more complicated because of its relationship to former parent DuPont. The agreement under which it was spun off leaves it responsible for potential liability in some cases where the independent company does not, and has never, produced the chemicals at issue.
Perfluorooctanoic acids (PFOAs), which were previously used by the performance chemicals segment of DuPont to manufacture industrial products including fire fighting foam, are at the heart of the company's litigation issues. In 2017, a DuPont case settlement included a payment of $335 million from Chemours. It also limited its liability from new cases for five years. But after that, Chemours will bear any excess costs.
Lowered guidance
As for the business itself, after a slow start to 2019, with lower volumes in the titanium technologies segment and operating challenges that it attributed to operating errors and start-up issues, management cut its guidance when it released its second-quarter results. The stock price fell and has yet to recover.
Management stated in its December investor presentation that it seeks to return "the majority of our Free Cash Flow to shareholders over time through a growing dividend and meaningful share repurchases." The chart below shows the company did execute on that goal, in the face of the falling stock price, and after the share repurchase program was increased from $750 million to $1 billion in February 2019. Operating cash flow from the business is sufficient, as the remaining free cash flow is shown below.
CC data by YCharts
Misplaced confidence, or opportunity?
Returning capital to shareholders is a sign of management confidence, but it's not always a sign of better times ahead. The return-to-growth strategy mainly centers around two areas: a Ti-Pure Value Stabilization approach (to win back market share in that segment), and growth in Opteon, the company's low global warming potential alternative to the refrigerant freon. Even after pursuing growth by investing $500 million back into the business in 2019, the company has pledged to return the majority of its free cash flow to shareholders.
Heading into 2019, management expressed confidence that results from the titanium technologies segment in particular would improve significantly as the year progressed. That didn't happen, though by the third quarter, buying patterns had stabilized. Sales were up 10% sequentially, even as global average prices on the commodity held steady versus a year ago.
Management has a strategy in place, and the business and operational issues will likely improve. The uncertainties on that front, along with those related to ongoing litigation, have been priced into the stock, which creates a possible opportunity for investors. Management has shown it will return free cash flow to shareholders, which could make the stock a great investment at today's prices.
Chemours reports fourth quarter and full-year 2019 results after the close on Feb. 13, 2019. Updated news about both areas of uncertainty could tell investors whether this is the time to take advantage of the pessimism already priced into the valuation of its stock.
10 stocks we like better than Chemours
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Chemours wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of December 1, 2019
Howard Smith 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.
|
On July 1, 2015, DuPont de Nemours (NYSE: DD) completed the spinoff of its performance chemicals segment to form The Chemours Company (NYSE: CC). The chemicals it produces are key inputs in the manufacture of plastics and coatings, including paints for roofing, siding and enamels, refrigeration and air conditioning, electronics, mining, and oil refining. Perfluorooctanoic acids (PFOAs), which were previously used by the performance chemicals segment of DuPont to manufacture industrial products including fire fighting foam, are at the heart of the company's litigation issues.
|
On July 1, 2015, DuPont de Nemours (NYSE: DD) completed the spinoff of its performance chemicals segment to form The Chemours Company (NYSE: CC). Management stated in its December investor presentation that it seeks to return "the majority of our Free Cash Flow to shareholders over time through a growing dividend and meaningful share repurchases." Even after pursuing growth by investing $500 million back into the business in 2019, the company has pledged to return the majority of its free cash flow to shareholders.
|
On July 1, 2015, DuPont de Nemours (NYSE: DD) completed the spinoff of its performance chemicals segment to form The Chemours Company (NYSE: CC). Management has shown it will return free cash flow to shareholders, which could make the stock a great investment at today's prices. 10 stocks we like better than Chemours When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.
|
On July 1, 2015, DuPont de Nemours (NYSE: DD) completed the spinoff of its performance chemicals segment to form The Chemours Company (NYSE: CC). It also limited its liability from new cases for five years. Management stated in its December investor presentation that it seeks to return "the majority of our Free Cash Flow to shareholders over time through a growing dividend and meaningful share repurchases."
|
d0b71ea6-bcfa-4cac-8e75-416a963945d8
|
716312.0
|
2020-02-13 00:00:00 UTC
|
Daily Dividend Report: CSCO,HON,AIG,KHC,DD
|
DD
|
https://www.nasdaq.com/articles/daily-dividend-report%3A-cscohonaigkhcdd-2020-02-13
|
nan
|
nan
|
Cisco has declared a quarterly dividend of $0.36 per common share, a $0.01 increase or up 3% over the previous quarter's dividend, to be paid on April 22, 2020 to all shareholders of record as of the close of business on April 3, 2020. Future dividends will be subject to Board approval.
Honeywell announced today that its Board of Directors has declared a regular quarterly dividend payment of $0.90 per share on the Company's outstanding common stock. The dividend is payable on March 6, 2020, out of surplus to shareowners of record at the close of business on February 28, 2020.
American International Group, today announced that its Board of Directors declared a quarterly cash dividend of $0.32 per share on AIG Common Stock, par value $2.50 per share. The dividend is payable on March 30, 2020 to stockholders of record at the close of business on March 16, 2020.
The Board of Directors of Kraft Heinz today unanimously declared a regular quarterly dividend of $0.40 per share of common stock payable on March 27, 2020, to stockholders of record as of March 13, 2020.
DuPont's board of directors declared a first quarter dividend of $0.30 per share on the outstanding common stock of the company payable March 16, 2020, to holders of record of said stock at the close of business Feb. 28, 2020.
VIDEO: Daily Dividend Report: CSCO,HON,AIG,KHC,DD
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
VIDEO: Daily Dividend Report: CSCO,HON,AIG,KHC,DD The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Honeywell announced today that its Board of Directors has declared a regular quarterly dividend payment of $0.90 per share on the Company's outstanding common stock. The dividend is payable on March 6, 2020, out of surplus to shareowners of record at the close of business on February 28, 2020.
|
VIDEO: Daily Dividend Report: CSCO,HON,AIG,KHC,DD The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Honeywell announced today that its Board of Directors has declared a regular quarterly dividend payment of $0.90 per share on the Company's outstanding common stock. The Board of Directors of Kraft Heinz today unanimously declared a regular quarterly dividend of $0.40 per share of common stock payable on March 27, 2020, to stockholders of record as of March 13, 2020.
|
VIDEO: Daily Dividend Report: CSCO,HON,AIG,KHC,DD The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Cisco has declared a quarterly dividend of $0.36 per common share, a $0.01 increase or up 3% over the previous quarter's dividend, to be paid on April 22, 2020 to all shareholders of record as of the close of business on April 3, 2020. The Board of Directors of Kraft Heinz today unanimously declared a regular quarterly dividend of $0.40 per share of common stock payable on March 27, 2020, to stockholders of record as of March 13, 2020.
|
VIDEO: Daily Dividend Report: CSCO,HON,AIG,KHC,DD The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Future dividends will be subject to Board approval. The Board of Directors of Kraft Heinz today unanimously declared a regular quarterly dividend of $0.40 per share of common stock payable on March 27, 2020, to stockholders of record as of March 13, 2020.
|
0c51874f-b223-4abb-af9e-885e22577269
|
716313.0
|
2020-02-13 00:00:00 UTC
|
Better Buy: ExxonMobil vs. DuPont
|
DD
|
https://www.nasdaq.com/articles/better-buy%3A-exxonmobil-vs.-dupont-2020-02-13
|
nan
|
nan
|
On the surface, ExxonMobil (NYSE: XOM) and DuPont de Nemours Inc. (NYSE: DD) appear very different, but there are some similarities. Both companies are tied to global markets and commodity prices, specifically the refining side of oil and gas.
With Exxon's chemical and refining margins near the bottom of their 10-year ranges, and DuPont facing pricing pressure from its core nylon business (a byproduct of oil), it seems both companies are in the midst of some fairly serious short-term headwinds that are reflected in their fallen stock prices. Should investors ignore these two stocks, or does one seem poised for a turnaround over the long-term?
DD data by YCharts
ExxonMobil
ExxonMobil sits bloodied and battered as a company with less than optimal public perception and lackluster 2019 earnings. Although energy stocks are cyclical businesses, it's a red flag when poor performance is a reflection of factors within a company's control, just as much as factors outside of its control.
Exxon's troubles have been amplified by recent commodity price movements. Natural gas prices have hit a 3.5-year low. West Texas Intermediate (WTI) crude oil, the commonly quoted benchmark along with Brent, recently fell below $50 a barrel, a 13-month low.
For an integrated oil and gas company such as ExxonMobil, the silver lining to low oil and gas prices has historically been lower input costs for refining operations.
Exxon's fourth quarter 2019 results showed that the company's chemical and refining margins, when compared to fourth quarter 2018, contributed a negative $1.62 billion difference for refining and a negative $670 million difference for chemicals. Lower gas prices represented a negative $680 million difference. In fact, Exxon's results would have been much worse had it not been for nearly $3.7 billion of income from a Norwegian asset sale that contributed over half of Exxon's upstream income for the quarter.
Quarterly results aside, Exxon's role in the energy mix of the future will be dependent on the relevance of oil and gas. This is the big picture question facing Exxon's long-term success.
The company's relevance is being tugged in two directions, favorably by the continual switch from coal to natural gas both domestically and abroad, the importance of oil and gas in the transportation and industrial sectors, and the many byproducts of oil in everyday life.
On the unfavorable side, the present oversupply of oil and gas is causing downward pressure on commodity prices and crippling Exxon's bottom line. With less income, it's going to be harder for Exxon to achieve the scale it needs to increase Permian Basin production to over 1 million barrels of oil equivalent per day (boed) by 2024 and return 10% at $35 oil.
It remains to be seen if increasing production is even the right move if prices remain low. Either way, Exxon should consider implementing sustainable growth initiatives that can be successful in lower oil price environments, as well as higher oil price environments.
If Exxon can navigate these choppy waters through a combination of disciplined capital management and high success rate growth opportunities, then it could lead the company to rise through adversity while so many other oil and companies are falling by the wayside through bankruptcy.
Image Source: Getty Images.
DuPont
The long-anticipated breakup of the world's largest chemical conglomerate, DowDuPont, began on April 1, 2019 when Dow Inc. (NYSE: DOW) spun off from DuPont de Nemours.
Two months later, Corteva broke off from DuPont, concluding the spinoff. The spinoff was done in part based on the theory that each business would be stronger by itself. It also gives Wall Street a more clear-cut understanding of DuPont's business. For DuPont, it has exposed the company's vulnerability to the presentglobal market
DuPont makes specialty chemicals. That means smaller orders and higher margins, but also tends to garner a premium valuation.
As a conglomerate, DuPont's four core businesses of electronics and imaging, nutrition and biosciences, transportation and industrial, and safety and construction are meant to balance each other out through market cycles. But 2019 trade tensions in China "significantly challenged" DuPont's auto and electronics divisions, and the company expects negative 3% to negative 5% growth in its transportation and industrial segment in 2020.
To put it plainly, "the past year was a challenge given macro conditions negatively impacting about 40% of our portfolio, which led to weaker results versus our expectations going into the year," said DuPont CEO Marc Doyle during the company's fourth quarter 2019 conference call.
Aside from pressures in China that DuPont expects will contribute to a slow 2020 start, headwinds in nylon are expected to pound the company's 2020 earnings by negative $0.23 per share. That blow is significant when you factor in negative $0.28 per share from other discrete items, such as the costly and ongoing dispute over environmental issues that DuPont is handling with Chemours (NYSE: CC).
Together, these negatives counteract all of the organic growth, efficiencies, divestments, and cost actions that DuPont is expecting in 2020. When the dust settles, DuPont is forecasting $3.70 to $3.90 earnings per share (EPS) in 2020, which represents no growth compared to $3.80 of actual EPS in 2019.
One of the few positives for DuPont is its strong free cash flow (FCF). DuPont reported more than 100% FCF conversion for the third and fourth quarters of 2019 and expects greater than 90% FCF conversion for 2020. FCF conversion is a percentage expressed as FCF over net income. It's essentially how much of a company's net income could be converted into valuable FCF that can be used to pay down debt and grow dividend distributions, among other things.
The winner
XOM Dividend data by YCharts
If there's one thing Wall Street hates, it's stalling growth. Both ExxonMobil and DuPont have a good amount of problems on their hands for the foreseeable future.
While it's difficult to advocate if Exxon and DuPont are true value stocks given their strained earnings, both companies sport impressive dividends. DuPont yields 2.3% and Exxon yields 5.6%, the most in over 10 years. Exxon has also raised its dividend for 36 consecutive years.
Approaching either of these stocks should be taken with caution, but Exxon gains the edge over DuPont, given its powerful stance in theglobal market strong balance sheet relative to its peers, and superior dividend yield and track record.
10 stocks we like better than ExxonMobil
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and ExxonMobil wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of December 1, 2019
Daniel Foelber has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
On the surface, ExxonMobil (NYSE: XOM) and DuPont de Nemours Inc. (NYSE: DD) appear very different, but there are some similarities. DD data by YCharts ExxonMobil ExxonMobil sits bloodied and battered as a company with less than optimal public perception and lackluster 2019 earnings. As a conglomerate, DuPont's four core businesses of electronics and imaging, nutrition and biosciences, transportation and industrial, and safety and construction are meant to balance each other out through market cycles.
|
On the surface, ExxonMobil (NYSE: XOM) and DuPont de Nemours Inc. (NYSE: DD) appear very different, but there are some similarities. DD data by YCharts ExxonMobil ExxonMobil sits bloodied and battered as a company with less than optimal public perception and lackluster 2019 earnings. Exxon's fourth quarter 2019 results showed that the company's chemical and refining margins, when compared to fourth quarter 2018, contributed a negative $1.62 billion difference for refining and a negative $670 million difference for chemicals.
|
On the surface, ExxonMobil (NYSE: XOM) and DuPont de Nemours Inc. (NYSE: DD) appear very different, but there are some similarities. DD data by YCharts ExxonMobil ExxonMobil sits bloodied and battered as a company with less than optimal public perception and lackluster 2019 earnings. With Exxon's chemical and refining margins near the bottom of their 10-year ranges, and DuPont facing pricing pressure from its core nylon business (a byproduct of oil), it seems both companies are in the midst of some fairly serious short-term headwinds that are reflected in their fallen stock prices.
|
On the surface, ExxonMobil (NYSE: XOM) and DuPont de Nemours Inc. (NYSE: DD) appear very different, but there are some similarities. DD data by YCharts ExxonMobil ExxonMobil sits bloodied and battered as a company with less than optimal public perception and lackluster 2019 earnings. Both companies are tied to global markets and commodity prices, specifically the refining side of oil and gas.
|
ad0ecc69-8109-4ccd-a078-c0e9eaeb101a
|
716314.0
|
2020-02-05 00:00:00 UTC
|
Why Shares of DuPont Were Down in January
|
DD
|
https://www.nasdaq.com/articles/why-shares-of-dupont-were-down-in-january-2020-02-05
|
nan
|
nan
|
What happened
Shares of DuPont de Nemours (NYSE: DD) lost 20.3% in January, according to data provided by S&P Global Market Intelligence, as investors were forced to adjust expectations due to challenging global macroeconomic issues. This is a company with a lot of potential, but it is going to take some time for that potential to play out.
So what
Shares of DuPont, one of three publicly traded companies formed out of the 2019 breakup of DowDuPont, were under pressure for most of the month as investors fretted about weakness in nylon pricing and in end markets like automotive. China's coronavirus outbreak, while offering a potential boost to sales of medical suits and protective gear, also threatens to slow the global economy and eat into DuPont results.
Image source: Getty Images.
Late in the month, the company reported fourth-quarter results that were in line with expectations, but the shares dropped more than 8% on the day due to DuPont's worse-than-expected outlook. DuPont said it expects first-quarter adjusted earnings between $0.70 and $0.74 per share, well below the $1.01 consensus estimate, due to continued pressure on nylon pricing and some short-term manufacturing issues.
For the full year, DuPont expects adjusted earnings between $3.70 and $3.90 per share on revenue between $21.5 billion and $22 billion. Analysts were expecting $4.12 per share in earnings in 2020, on revenue of $21.98 billion.
Now what
When DuPont was split off from DowDuPont last summer, I predicted the company was not done shedding businesses. In December, the company announced plans to sell its nutritional division to International Flavors & Fragrances (NYSE: IFF), and is reportedly exploring options for its $2.6 billion-sales electronics business.
DuPont is a century-old name, but it is important to remember the current iteration is still in its early days. The shuffling of assets and difficult macroeconomic conditions could make 2020 a difficult year for DuPont, but this is a company with a number of intriguing platforms and the potential for long-term growth. DuPont is a stock to keep on the radar.
10 stocks we like better than DuPont
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and DowDuPont Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of December 1, 2019
Lou Whiteman 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.
|
What happened Shares of DuPont de Nemours (NYSE: DD) lost 20.3% in January, according to data provided by S&P Global Market Intelligence, as investors were forced to adjust expectations due to challenging global macroeconomic issues. Now what When DuPont was split off from DowDuPont last summer, I predicted the company was not done shedding businesses. So what Shares of DuPont, one of three publicly traded companies formed out of the 2019 breakup of DowDuPont, were under pressure for most of the month as investors fretted about weakness in nylon pricing and in end markets like automotive.
|
What happened Shares of DuPont de Nemours (NYSE: DD) lost 20.3% in January, according to data provided by S&P Global Market Intelligence, as investors were forced to adjust expectations due to challenging global macroeconomic issues. Now what When DuPont was split off from DowDuPont last summer, I predicted the company was not done shedding businesses. For the full year, DuPont expects adjusted earnings between $3.70 and $3.90 per share on revenue between $21.5 billion and $22 billion.
|
What happened Shares of DuPont de Nemours (NYSE: DD) lost 20.3% in January, according to data provided by S&P Global Market Intelligence, as investors were forced to adjust expectations due to challenging global macroeconomic issues. Now what When DuPont was split off from DowDuPont last summer, I predicted the company was not done shedding businesses. 10 stocks we like better than DuPont When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.
|
What happened Shares of DuPont de Nemours (NYSE: DD) lost 20.3% in January, according to data provided by S&P Global Market Intelligence, as investors were forced to adjust expectations due to challenging global macroeconomic issues. Now what When DuPont was split off from DowDuPont last summer, I predicted the company was not done shedding businesses. This is a company with a lot of potential, but it is going to take some time for that potential to play out.
|
2f047567-cc2f-4473-9b92-0063fde08888
|
716315.0
|
2020-01-31 00:00:00 UTC
|
Validea Joseph Piotroski Strategy Daily Upgrade Report - 1/31/2020
|
DD
|
https://www.nasdaq.com/articles/validea-joseph-piotroski-strategy-daily-upgrade-report-1-31-2020-2020-01-31
|
nan
|
nan
|
The following are today's upgrades for Validea's Book/Market Investor model based on the published strategy of Joseph Piotroski. This value-quant strategy screens for high book-to-market stocks, and then separates out financially sound firms by looking at a host of improving financial criteria.
DUPONT DE NEMOURS INC (DD) is a large-cap growth stock in the Chemical Manufacturing industry. The rating according to our strategy based on Joseph Piotroski changed from 0% to 90% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: DuPont de Nemours, Inc., formerly DowDuPont Inc., provides technology-based materials, ingredients and solutions. The Company offers its products and solutions across four businesses: Electronics and Imaging, Nutrition and Biosciences, Safety and Construction, and Transportation and Industrial. It offers products under various brands, such as Kevlar, Nomex, Tyvek, Sorona, Danisco, Corian, GREAT STUFF and Styrofoam. Its product lines include adhesives, animal nutrition, biomaterials, clean technologies, construction materials, consumer products, electronic solutions, dietary supplements, water solution, microbial control solutions, industrial enzymes and bioactives, packaging materials and solutions, and medical devices and materials. It provides solutions to a range of markets, including automotive, building and construction, energy, government and public sector, military, law enforcement, emergency response, packaging and printing, and safety and protection industries.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
BOOK/MARKET RATIO: PASS
RETURN ON ASSETS: PASS
CHANGE IN RETURN ON ASSETS: PASS
CASH FLOW FROM OPERATIONS: PASS
CASH COMPARED TO NET INCOME: PASS
CHANGE IN LONG TERM DEBT/ASSETS PASS
CHANGE IN CURRENT RATIO: FAIL
CHANGE IN SHARES OUTSTANDING: PASS
CHANGE IN GROSS MARGIN: PASS
CHANGE IN ASSET TURNOVER: PASS
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
Since its inception, Validea's strategy based on Joseph Piotroski has returned 138.73% vs. 186.80% for the S&P 500. For more details on this strategy, click here
About Joseph Piotroski: Piotroski isn't your typical Wall Street big shot. In fact, he's not even a professional investor. He's a good old numbers-crunching accountant and college professor. But in 2000, shortly after he started teaching at the University of Chicago's Graduate School of Business, Piotroski published a groundbreaking paper in the Journal of Accounting Research entitled "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers". In it, Piotroski laid out an accounting-based stock-selection/shorting method that produced a 23 percent average annual back-tested return from 1976 through 1996 -- more than double the S&P 500's gain during that time. Piotroski's findings were reported in major financial publiations like SmartMoney. Today, he teaches accounting at Stanford University's Graduate School of Business.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
DUPONT DE NEMOURS INC (DD) is a large-cap growth stock in the Chemical Manufacturing industry. It provides solutions to a range of markets, including automotive, building and construction, energy, government and public sector, military, law enforcement, emergency response, packaging and printing, and safety and protection industries. But in 2000, shortly after he started teaching at the University of Chicago's Graduate School of Business, Piotroski published a groundbreaking paper in the Journal of Accounting Research entitled "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers".
|
DUPONT DE NEMOURS INC (DD) is a large-cap growth stock in the Chemical Manufacturing industry. The following are today's upgrades for Validea's Book/Market Investor model based on the published strategy of Joseph Piotroski. The Company offers its products and solutions across four businesses: Electronics and Imaging, Nutrition and Biosciences, Safety and Construction, and Transportation and Industrial.
|
DUPONT DE NEMOURS INC (DD) is a large-cap growth stock in the Chemical Manufacturing industry. The following are today's upgrades for Validea's Book/Market Investor model based on the published strategy of Joseph Piotroski. Its product lines include adhesives, animal nutrition, biomaterials, clean technologies, construction materials, consumer products, electronic solutions, dietary supplements, water solution, microbial control solutions, industrial enzymes and bioactives, packaging materials and solutions, and medical devices and materials.
|
DUPONT DE NEMOURS INC (DD) is a large-cap growth stock in the Chemical Manufacturing industry. The following are today's upgrades for Validea's Book/Market Investor model based on the published strategy of Joseph Piotroski. The Company offers its products and solutions across four businesses: Electronics and Imaging, Nutrition and Biosciences, Safety and Construction, and Transportation and Industrial.
|
643a628f-1e28-4619-8b50-b02c409a9025
|
716316.0
|
2020-01-31 00:00:00 UTC
|
Stock Alert: DuPont Falls 8.62% On Weaker Quarterly Results, Outlook
|
DD
|
https://www.nasdaq.com/articles/stock-alert%3A-dupont-falls-8.62-on-weaker-quarterly-results-outlook-2020-01-31
|
nan
|
nan
|
(RTTNews) - Shares of specialty chemical company DuPont de Nemours, Inc. (DD) fell 8.62% or $4.97 on Thursday after reporting weaker fourth-quarter results and grim outlook. The stock closed the day's trade at $52.72. DD has lost almost 30% in one year.
Net sales in the fourth quarter were down 5% year-on-year to $5.2 billion. Adjusted EPS, met estimates at $0.95, but was down 34% from $1.43 in the year-ago period. The bottom line was hurt by lower segmental results and a higher tax rate.
For the first quarter, the company expects to report adjusted EPS in the range of $0.70 to $0.74. This compares with the consensus estimates of $0.93.
For the full-year 2020, DuPont expects adjusted EPS to be in the range of $3.70 to $3.90. Analysts foresee earnings of $4.07 per share. Full-year 2020 sales are expected to be between $21.5 and $22.0 billion. The Street expects sales of $21.83 billion.
DuPont had recently added four clean water technology businesses to its portfolio, including Desalitech- closed-circuit reverse osmosis (CCRO) company, inge GmbH-an ultrafiltration membrane business from BASF, Memcor- the ultrafiltration and membrane bioreactor (MBR) technologies division from Evoqua Water Technologies Corp., and OxyMem Limited- that develops Membrane Aerated Biofilm Reactor (MABR) technology for the treatment and purification of municipal and industrial wastewater.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
(RTTNews) - Shares of specialty chemical company DuPont de Nemours, Inc. (DD) fell 8.62% or $4.97 on Thursday after reporting weaker fourth-quarter results and grim outlook. DuPont had recently added four clean water technology businesses to its portfolio, including Desalitech- closed-circuit reverse osmosis (CCRO) company, inge GmbH-an ultrafiltration membrane business from BASF, Memcor- the ultrafiltration and membrane bioreactor (MBR) technologies division from Evoqua Water Technologies Corp., and OxyMem Limited- that develops Membrane Aerated Biofilm Reactor (MABR) technology for the treatment and purification of municipal and industrial wastewater. DD has lost almost 30% in one year.
|
DuPont had recently added four clean water technology businesses to its portfolio, including Desalitech- closed-circuit reverse osmosis (CCRO) company, inge GmbH-an ultrafiltration membrane business from BASF, Memcor- the ultrafiltration and membrane bioreactor (MBR) technologies division from Evoqua Water Technologies Corp., and OxyMem Limited- that develops Membrane Aerated Biofilm Reactor (MABR) technology for the treatment and purification of municipal and industrial wastewater. (RTTNews) - Shares of specialty chemical company DuPont de Nemours, Inc. (DD) fell 8.62% or $4.97 on Thursday after reporting weaker fourth-quarter results and grim outlook. DD has lost almost 30% in one year.
|
(RTTNews) - Shares of specialty chemical company DuPont de Nemours, Inc. (DD) fell 8.62% or $4.97 on Thursday after reporting weaker fourth-quarter results and grim outlook. DuPont had recently added four clean water technology businesses to its portfolio, including Desalitech- closed-circuit reverse osmosis (CCRO) company, inge GmbH-an ultrafiltration membrane business from BASF, Memcor- the ultrafiltration and membrane bioreactor (MBR) technologies division from Evoqua Water Technologies Corp., and OxyMem Limited- that develops Membrane Aerated Biofilm Reactor (MABR) technology for the treatment and purification of municipal and industrial wastewater. DD has lost almost 30% in one year.
|
(RTTNews) - Shares of specialty chemical company DuPont de Nemours, Inc. (DD) fell 8.62% or $4.97 on Thursday after reporting weaker fourth-quarter results and grim outlook. DD has lost almost 30% in one year. DuPont had recently added four clean water technology businesses to its portfolio, including Desalitech- closed-circuit reverse osmosis (CCRO) company, inge GmbH-an ultrafiltration membrane business from BASF, Memcor- the ultrafiltration and membrane bioreactor (MBR) technologies division from Evoqua Water Technologies Corp., and OxyMem Limited- that develops Membrane Aerated Biofilm Reactor (MABR) technology for the treatment and purification of municipal and industrial wastewater.
|
45a4ec89-e139-437f-9be5-7f345018d751
|
716317.0
|
2020-01-30 00:00:00 UTC
|
Thursday Sector Laggards: Healthcare, Materials
|
DD
|
https://www.nasdaq.com/articles/thursday-sector-laggards%3A-healthcare-materials-2020-01-30
|
nan
|
nan
|
The worst performing sector as of midday Thursday is the Healthcare sector, showing a 2.2% loss. Within that group, Wellcare Health Plans Inc (Symbol: WCG) and Illumina Inc (Symbol: ILMN) are two of the day's laggards, showing a loss of 42.8% and 5.1%, respectively. Among healthcare ETFs, one ETF following the sector is the Health Care Select Sector SPDR ETF (Symbol: XLV), which is down 1.3% on the day, and down 1.24% year-to-date. Wellcare Health Plans Inc, meanwhile, is up 5.97% year-to-date, and Illumina Inc, is down 10.35% year-to-date. Combined, WCG and ILMN make up approximately 1.7% of the underlying holdings of XLV.
The next worst performing sector is the Materials sector, showing a 1.6% loss. Among large Materials stocks, DuPont (Symbol: DD) and Packaging Corp of America (Symbol: PKG) are the most notable, showing a loss of 8.6% and 6.0%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is down 1.5% in midday trading, and down 4.90% on a year-to-date basis. DuPont, meanwhile, is down 17.83% year-to-date, and Packaging Corp of America, is down 11.88% year-to-date. Combined, DD and PKG make up approximately 8.8% of the underlying holdings of XLB.
Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom:
Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Thursday. As you can see, none of the sectors are up on the day, while eight sectors are down.
SECTOR % CHANGE
Utilities 0.0%
Financial -0.1%
Consumer Products -0.3%
Services -0.6%
Technology & Communications -0.7%
Industrial -1.0%
Energy -1.0%
Materials -1.6%
Healthcare -2.2%
10 ETFs With Stocks That Insiders Are Buying »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The worst performing sector as of midday Thursday is the Healthcare sector, showing a 2.2% loss. Among large Materials stocks, DuPont (Symbol: DD) and Packaging Corp of America (Symbol: PKG) are the most notable, showing a loss of 8.6% and 6.0%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is down 1.5% in midday trading, and down 4.90% on a year-to-date basis.
|
Among large Materials stocks, DuPont (Symbol: DD) and Packaging Corp of America (Symbol: PKG) are the most notable, showing a loss of 8.6% and 6.0%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is down 1.5% in midday trading, and down 4.90% on a year-to-date basis. The worst performing sector as of midday Thursday is the Healthcare sector, showing a 2.2% loss.
|
One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is down 1.5% in midday trading, and down 4.90% on a year-to-date basis. The worst performing sector as of midday Thursday is the Healthcare sector, showing a 2.2% loss. Among large Materials stocks, DuPont (Symbol: DD) and Packaging Corp of America (Symbol: PKG) are the most notable, showing a loss of 8.6% and 6.0%, respectively.
|
The worst performing sector as of midday Thursday is the Healthcare sector, showing a 2.2% loss. Among large Materials stocks, DuPont (Symbol: DD) and Packaging Corp of America (Symbol: PKG) are the most notable, showing a loss of 8.6% and 6.0%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is down 1.5% in midday trading, and down 4.90% on a year-to-date basis.
|
5c6400e1-0981-4632-b40a-e30aa6483f63
|
716318.0
|
2020-01-30 00:00:00 UTC
|
EI DuPont De Nemours Q4 19 Earnings Conference Call At 8:00 AM ET
|
DD
|
https://www.nasdaq.com/articles/ei-dupont-de-nemours-q4-19-earnings-conference-call-at-8%3A00-am-et-2020-01-30
|
nan
|
nan
|
(RTTNews) - EI DuPont De Nemours & Co. (DD) will host a conference call at 8:00 AM ET on January 30, 2020, to discuss Q4 19 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.
|
(RTTNews) - EI DuPont De Nemours & Co. (DD) will host a conference call at 8:00 AM ET on January 30, 2020, to discuss Q4 19 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.
|
(RTTNews) - EI DuPont De Nemours & Co. (DD) will host a conference call at 8:00 AM ET on January 30, 2020, to discuss Q4 19 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.
|
(RTTNews) - EI DuPont De Nemours & Co. (DD) will host a conference call at 8:00 AM ET on January 30, 2020, to discuss Q4 19 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.
|
(RTTNews) - EI DuPont De Nemours & Co. (DD) will host a conference call at 8:00 AM ET on January 30, 2020, to discuss Q4 19 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.
|
e24d5432-0a5d-41e6-af84-57f530c5baeb
|
716319.0
|
2020-01-30 00:00:00 UTC
|
DuPont Sees Q1, FY Profit Below View
|
DD
|
https://www.nasdaq.com/articles/dupont-sees-q1-fy-profit-below-view-2020-01-30
|
nan
|
nan
|
(RTTNews) - DuPont (DD) said that it expects first quarter net sales to be down mid-single digits with adjusted earnings per share in the range of $0.70 to $0.74, including a headwind from discrete items. Analysts polled by Thomson Reuters expected the company to report earnings of $1.01 per share and revenues of $5.5 billion for the first-quarter. Analysts' estimates typically exclude special items.
For fiscal year 2020, the company projects full year sales between $21.5 and $22.0 billion resulting in organic sales which are slightly up versus prior year.
The company expects full year adjusted earnings per share in the range of $3.70 - $3.90, up 3 percent to down 3 percent compared to 2019. It is driven by lower discrete items and further headwinds in nylon pricing and mix more than offsetting strong organic growth across its other core segments and continued productivity and cost actions.
Wall Street currently is looking for fiscal year 2020 earnings of $4.12 per share on annual revenues of $21.98 billion.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
(RTTNews) - DuPont (DD) said that it expects first quarter net sales to be down mid-single digits with adjusted earnings per share in the range of $0.70 to $0.74, including a headwind from discrete items. Analysts polled by Thomson Reuters expected the company to report earnings of $1.01 per share and revenues of $5.5 billion for the first-quarter. It is driven by lower discrete items and further headwinds in nylon pricing and mix more than offsetting strong organic growth across its other core segments and continued productivity and cost actions.
|
(RTTNews) - DuPont (DD) said that it expects first quarter net sales to be down mid-single digits with adjusted earnings per share in the range of $0.70 to $0.74, including a headwind from discrete items. For fiscal year 2020, the company projects full year sales between $21.5 and $22.0 billion resulting in organic sales which are slightly up versus prior year. The company expects full year adjusted earnings per share in the range of $3.70 - $3.90, up 3 percent to down 3 percent compared to 2019.
|
(RTTNews) - DuPont (DD) said that it expects first quarter net sales to be down mid-single digits with adjusted earnings per share in the range of $0.70 to $0.74, including a headwind from discrete items. For fiscal year 2020, the company projects full year sales between $21.5 and $22.0 billion resulting in organic sales which are slightly up versus prior year. The company expects full year adjusted earnings per share in the range of $3.70 - $3.90, up 3 percent to down 3 percent compared to 2019.
|
(RTTNews) - DuPont (DD) said that it expects first quarter net sales to be down mid-single digits with adjusted earnings per share in the range of $0.70 to $0.74, including a headwind from discrete items. Analysts' estimates typically exclude special items. The company expects full year adjusted earnings per share in the range of $3.70 - $3.90, up 3 percent to down 3 percent compared to 2019.
|
ad3edb3e-19f8-4f72-a8dc-0ed9c420eabc
|
716320.0
|
2020-01-30 00:00:00 UTC
|
EI DuPont De Nemours & Co. Q4 adjusted earnings Inline With Estimates
|
DD
|
https://www.nasdaq.com/articles/ei-dupont-de-nemours-co.-q4-adjusted-earnings-inline-with-estimates-2020-01-30
|
nan
|
nan
|
(RTTNews) - EI DuPont De Nemours & Co. (DD) released a profit for fourth quarter that fell from the same period last year.
The company's bottom line totaled $176 million, or $0.24 per share. This compares with $482 million, or $0.63 per share, in last year's fourth quarter.
Excluding items, EI DuPont De Nemours & Co. reported adjusted earnings of $0.70 billion or $0.95 per share for the period.
Analysts had expected the company to earn $0.95 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 4.8% to $5.20 billion from $5.46 billion last year.
EI DuPont De Nemours & Co. earnings at a glance:
-Earnings (Q4): $0.70 Bln. vs. $1.10 Bln. last year. -EPS (Q4): $0.95 vs. $1.43 last year. -Analysts Estimate: $0.95 -Revenue (Q4): $5.20 Bln vs. $5.46 Bln last year.
-Guidance: Next quarter EPS guidance: $0.70 to $0.74
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
(RTTNews) - EI DuPont De Nemours & Co. (DD) released a profit for fourth quarter that fell from the same period last year. Excluding items, EI DuPont De Nemours & Co. reported adjusted earnings of $0.70 billion or $0.95 per share for the period. Analysts had expected the company to earn $0.95 per share, according to figures compiled by Thomson Reuters.
|
(RTTNews) - EI DuPont De Nemours & Co. (DD) released a profit for fourth quarter that fell from the same period last year. Excluding items, EI DuPont De Nemours & Co. reported adjusted earnings of $0.70 billion or $0.95 per share for the period. EI DuPont De Nemours & Co. earnings at a glance: -Earnings (Q4): $0.70 Bln.
|
(RTTNews) - EI DuPont De Nemours & Co. (DD) released a profit for fourth quarter that fell from the same period last year. Excluding items, EI DuPont De Nemours & Co. reported adjusted earnings of $0.70 billion or $0.95 per share for the period. -Analysts Estimate: $0.95 -Revenue (Q4): $5.20 Bln vs. $5.46 Bln last year.
|
(RTTNews) - EI DuPont De Nemours & Co. (DD) released a profit for fourth quarter that fell from the same period last year. EI DuPont De Nemours & Co. earnings at a glance: -Earnings (Q4): $0.70 Bln. -Analysts Estimate: $0.95 -Revenue (Q4): $5.20 Bln vs. $5.46 Bln last year.
|
356f3526-6d03-4bbf-8cfe-0b976a3c949e
|
716321.0
|
2020-01-27 00:00:00 UTC
|
DuPont Enters Oversold Territory (DD)
|
DD
|
https://www.nasdaq.com/articles/dupont-enters-oversold-territory-dd-2020-01-27
|
nan
|
nan
|
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 Monday, shares of DuPont (Symbol: DD) entered into oversold territory, hitting an RSI reading of 29.6, after changing hands as low as $57.55 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 50.1. A bullish investor could look at DD's 29.6 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DD shares:
Looking at the chart above, DD's low point in its 52 week range is $57.37 per share, with $84.5849 as the 52 week high point — that compares with a last trade of $57.39.
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.
|
In trading on Monday, shares of DuPont (Symbol: DD) entered into oversold territory, hitting an RSI reading of 29.6, after changing hands as low as $57.55 per share. A bullish investor could look at DD's 29.6 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DD shares: Looking at the chart above, DD's low point in its 52 week range is $57.37 per share, with $84.5849 as the 52 week high point — that compares with a last trade of $57.39.
|
In trading on Monday, shares of DuPont (Symbol: DD) entered into oversold territory, hitting an RSI reading of 29.6, after changing hands as low as $57.55 per share. A bullish investor could look at DD's 29.6 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DD shares: Looking at the chart above, DD's low point in its 52 week range is $57.37 per share, with $84.5849 as the 52 week high point — that compares with a last trade of $57.39.
|
In trading on Monday, shares of DuPont (Symbol: DD) entered into oversold territory, hitting an RSI reading of 29.6, after changing hands as low as $57.55 per share. A bullish investor could look at DD's 29.6 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DD shares: Looking at the chart above, DD's low point in its 52 week range is $57.37 per share, with $84.5849 as the 52 week high point — that compares with a last trade of $57.39.
|
In trading on Monday, shares of DuPont (Symbol: DD) entered into oversold territory, hitting an RSI reading of 29.6, after changing hands as low as $57.55 per share. A bullish investor could look at DD's 29.6 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DD shares: Looking at the chart above, DD's low point in its 52 week range is $57.37 per share, with $84.5849 as the 52 week high point — that compares with a last trade of $57.39.
|
bba9e195-d70c-47af-a626-3105a7aad131
|
716322.0
|
2020-01-27 00:00:00 UTC
|
Analysts Expect IYM To Hit $104
|
DD
|
https://www.nasdaq.com/articles/analysts-expect-iym-to-hit-%24104-2020-01-27
|
nan
|
nan
|
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 U.S. Basic Materials ETF (Symbol: IYM), we found that the implied analyst target price for the ETF based upon its underlying holdings is $103.96 per unit.
With IYM trading at a recent price near $94.15 per unit, that means that analysts see 10.42% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of IYM's underlying holdings with notable upside to their analyst target prices are DuPont de Nemours Inc (Symbol: DD), Grace & Co (Symbol: GRA), and Cabot Corp. (Symbol: CBT). Although DD has traded at a recent price of $59.39/share, the average analyst target is 30.95% higher at $77.77/share. Similarly, GRA has 25.07% upside from the recent share price of $69.33 if the average analyst target price of $86.71/share is reached, and analysts on average are expecting CBT to reach a target price of $50.71/share, which is 17.53% above the recent price of $43.15. Below is a twelve month price history chart comparing the stock performance of DD, GRA, and CBT:
Combined, DD, GRA, and CBT represent 8.25% of the iShares U.S. 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
iShares U.S. Basic Materials ETF IYM $94.15 $103.96 10.42%
DuPont de Nemours Inc DD $59.39 $77.77 30.95%
Grace & Co GRA $69.33 $86.71 25.07%
Cabot Corp. CBT $43.15 $50.71 17.53%
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.
|
Although DD has traded at a recent price of $59.39/share, the average analyst target is 30.95% higher at $77.77/share. Basic Materials ETF IYM $94.15 $103.96 10.42% DuPont de Nemours Inc DD $59.39 $77.77 30.95% Grace & Co GRA $69.33 $86.71 25.07% Cabot Corp. CBT $43.15 $50.71 17.53% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of IYM's underlying holdings with notable upside to their analyst target prices are DuPont de Nemours Inc (Symbol: DD), Grace & Co (Symbol: GRA), and Cabot Corp. (Symbol: CBT).
|
Three of IYM's underlying holdings with notable upside to their analyst target prices are DuPont de Nemours Inc (Symbol: DD), Grace & Co (Symbol: GRA), and Cabot Corp. (Symbol: CBT). Basic Materials ETF IYM $94.15 $103.96 10.42% DuPont de Nemours Inc DD $59.39 $77.77 30.95% Grace & Co GRA $69.33 $86.71 25.07% Cabot Corp. CBT $43.15 $50.71 17.53% 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 $59.39/share, the average analyst target is 30.95% higher at $77.77/share.
|
Three of IYM's underlying holdings with notable upside to their analyst target prices are DuPont de Nemours Inc (Symbol: DD), Grace & Co (Symbol: GRA), and Cabot Corp. (Symbol: CBT). Although DD has traded at a recent price of $59.39/share, the average analyst target is 30.95% higher at $77.77/share. Below is a twelve month price history chart comparing the stock performance of DD, GRA, and CBT: Combined, DD, GRA, and CBT represent 8.25% of the iShares U.S.
|
Below is a twelve month price history chart comparing the stock performance of DD, GRA, and CBT: Combined, DD, GRA, and CBT represent 8.25% of the iShares U.S. Basic Materials ETF IYM $94.15 $103.96 10.42% DuPont de Nemours Inc DD $59.39 $77.77 30.95% Grace & Co GRA $69.33 $86.71 25.07% Cabot Corp. CBT $43.15 $50.71 17.53% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of IYM's underlying holdings with notable upside to their analyst target prices are DuPont de Nemours Inc (Symbol: DD), Grace & Co (Symbol: GRA), and Cabot Corp. (Symbol: CBT).
|
6dc91360-db36-452f-b67f-4941d32ecd94
|
716323.0
|
2020-01-09 00:00:00 UTC
|
Here's Why DuPont Fell 40.5% in 2019
|
DD
|
https://www.nasdaq.com/articles/heres-why-dupont-fell-40.5-in-2019-2020-01-10
|
nan
|
nan
|
What happened
Shares of DuPont (NYSE: DD) fell 40.5% last year, according to data provided by S&P Global Market Intelligence. That looks terrible next to the 28.8% gain of the S&P 500 in 2019, but the dividend stock actually performed better than it appears.
That's because the entity now known as DuPont was the old DowDuPont -- on paper, anyway. When it completed the spinoffs of the materials-science unit Dow Inc and agricultural-sciences unit Corteva Agriscience last year, each transaction had the expected effect of lowering the market valuation of DowDuPont. That shows up in stock charts as a sudden drop in value.
If investors only look at the stock's performance from the first day the new DuPont became a separate company (June 3) to the end of 2019, then shares lost 5.6% of their value, compared to a gain of 18.9% for the S&P 500 in that span. That said, investors had their reasons for selling the stock at the end of 2019.
Image source: Getty Images.
So what
The primary argument for splitting DowDuPont into three unique companies was that each business would be stronger and more efficient on its own. While it'll take time for DuPont to reach all operating-efficiency targets, the specialty-materials leader performed relatively well in the third quarter of 2019, considering challenging market conditions and currency headwinds.
That wasn't enough to overcome other sources of uncertainty. In the second half of 2019, investors started to grow concerned about the new DuPont's potential liabilities related to the old DuPont's fluoropolymer products. Precursors used in the manufacture of such products don't easily break down in the environment and are highly toxic to humans.
While the portfolio is now a part of Chemours (NYSE: CC), and the companies have previously settled public health lawsuits in Ohio, a heavily populated region of North Carolina is now dealing with similar environmental issues caused by a fluoropolymer manufacturing facility nearby. The risk of incurring substantial liabilities forced Chemours to sue DuPont, alleging that the former parent company saddled it with the onerous liability by not preparing financial projections in good faith.
The bitter dispute is working its way through the courts right now. Chemours estimates that it will need to pay over $200 million to address environmental damages in North Carolina. For reference, the prior settlement in Ohio cost $671 million, which was split between the two companies.
Now what
DuPont owns a formidable portfolio of specialty-materials products, including an under-the-radar biosciences unit, which may be the world's premier industrial biotech unit. It's a shame that the toxic legacy of fluoropolymers is overshadowing the company's promising future, but investors would be wise to navigate the uncertainty with caution.
10 stocks we like better than DuPont
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and DuPont wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of December 1, 2019
Maxx Chatsko 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.
|
What happened Shares of DuPont (NYSE: DD) fell 40.5% last year, according to data provided by S&P Global Market Intelligence. That shows up in stock charts as a sudden drop in value. The risk of incurring substantial liabilities forced Chemours to sue DuPont, alleging that the former parent company saddled it with the onerous liability by not preparing financial projections in good faith.
|
What happened Shares of DuPont (NYSE: DD) fell 40.5% last year, according to data provided by S&P Global Market Intelligence. That shows up in stock charts as a sudden drop in value. The risk of incurring substantial liabilities forced Chemours to sue DuPont, alleging that the former parent company saddled it with the onerous liability by not preparing financial projections in good faith.
|
What happened Shares of DuPont (NYSE: DD) fell 40.5% last year, according to data provided by S&P Global Market Intelligence. That shows up in stock charts as a sudden drop in value. The risk of incurring substantial liabilities forced Chemours to sue DuPont, alleging that the former parent company saddled it with the onerous liability by not preparing financial projections in good faith.
|
What happened Shares of DuPont (NYSE: DD) fell 40.5% last year, according to data provided by S&P Global Market Intelligence. That shows up in stock charts as a sudden drop in value. The risk of incurring substantial liabilities forced Chemours to sue DuPont, alleging that the former parent company saddled it with the onerous liability by not preparing financial projections in good faith.
|
1435ac68-4422-45ab-a392-75aa1cb3339b
|
716324.0
|
2020-01-08 00:00:00 UTC
|
Why Corning's Margins Are Likely To Remain Under Pressure In 2020
|
DD
|
https://www.nasdaq.com/articles/why-cornings-margins-are-likely-to-remain-under-pressure-in-2020-2020-01-08
|
nan
|
nan
|
Corning’s (NYSE: GLW) total expenses to revenue ratio has increased from 84.8% in 2016 to 92.5% due to the company’s expense growth outpacing its revenue growth – a trend we believe continued in 2019 and is likely to remain in 2020. Corning’s elevated expenses over recent years have primarily been due to a sizable increase in Cost of Sales as well as Research, Development and Engineering Costs. While higher Cost of Sales can be attributed to the company’s Display Technologies segment, Research Development & Engineering Costs have been soaring over the years due to new product launches and Corning’s focus on emerging businesses. Trefis details trends in Corning’s Expenses over the years along with our forecast for 2019 and 2020 in an interactive dashboard, parts of which are highlighted below.
A Quick Overview of Corning’s Expenses And Its Key Expense Components:
Corning’s total revenues grew at an annual average rate of 7.2% from $9.4 billion in 2016 to $11.4 billion in 2019, and they are estimated to grow at an average annual rate of 3.8% between 2019 and 2020.
Total Expenses as a % of Revenues stood at 90.6% in 2018, and is expected to have risen to 92.5% by 2019. Thereafter it is likely to increase slightly to 92.8% in 2020.
Cost of Sales:
Cost of Sales, which accounted for 66.8% of the company’s total expense in 2018, includes cost of procurement of material, depreciation & amortization of tangible goods, repairs & maintenance.
Cost of Sales as % of revenue has been hovering from 59.9% in 2016 to 60.5% in 2018. Trefis estimates the metric to increase to around 63% in the near term – contributing the most to our estimated reduction in Corning’s net income margin figure for the year
Selling & Administrative Costs:
Selling and administrative accounted for 17.6% of the company’s total expenses in 2018, which made it the second-highest expense category.
This category includes expenses such as salaries, wages & benefits, travel, professional fees, utilities & rent of administrative facilities.
It increased from 14.6% of revenues in 2017 to 15.9% in 2018, and we expect it to swell to be 16.6% of revenues in 2020
Additional details about trends in Corning’s Selling & Administrative Costs are available in our interactive dashboard.
Research & Development and Engineering Expenses:
R&D & Engineering expenses includes employee compensation paid to the research, development and engineering team.
It accounted for 9.7% of the company’s total expenses in 2018.
The figure has steadily increased from being 7.8% of revenues in 2016 to 8.8% of revenues in 2018, and we expect it to increase further to 9.2% of revenues by 2020.
Income Tax Expense:
Income Tax figure saw a sharp increase in 2017 due to the impact of the tax reform.
The effective tax rate stood at 29.1% in 2018
However we estimate it to decrease to 27.1% in the near term.
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
All Trefis Data
Like our charts? Explore example interactive dashboards and create your own.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
It increased from 14.6% of revenues in 2017 to 15.9% in 2018, and we expect it to swell to be 16.6% of revenues in 2020 Additional details about trends in Corning’s Selling & Administrative Costs are available in our interactive dashboard. Trefis details trends in Corning’s Expenses over the years along with our forecast for 2019 and 2020 in an interactive dashboard, parts of which are highlighted below. Trefis estimates the metric to increase to around 63% in the near term – contributing the most to our estimated reduction in Corning’s net income margin figure for the year Selling & Administrative Costs: Selling and administrative accounted for 17.6% of the company’s total expenses in 2018, which made it the second-highest expense category.
|
It increased from 14.6% of revenues in 2017 to 15.9% in 2018, and we expect it to swell to be 16.6% of revenues in 2020 Additional details about trends in Corning’s Selling & Administrative Costs are available in our interactive dashboard. Corning’s (NYSE: GLW) total expenses to revenue ratio has increased from 84.8% in 2016 to 92.5% due to the company’s expense growth outpacing its revenue growth – a trend we believe continued in 2019 and is likely to remain in 2020. Cost of Sales: Cost of Sales, which accounted for 66.8% of the company’s total expense in 2018, includes cost of procurement of material, depreciation & amortization of tangible goods, repairs & maintenance.
|
It increased from 14.6% of revenues in 2017 to 15.9% in 2018, and we expect it to swell to be 16.6% of revenues in 2020 Additional details about trends in Corning’s Selling & Administrative Costs are available in our interactive dashboard. Corning’s (NYSE: GLW) total expenses to revenue ratio has increased from 84.8% in 2016 to 92.5% due to the company’s expense growth outpacing its revenue growth – a trend we believe continued in 2019 and is likely to remain in 2020. A Quick Overview of Corning’s Expenses And Its Key Expense Components: Corning’s total revenues grew at an annual average rate of 7.2% from $9.4 billion in 2016 to $11.4 billion in 2019, and they are estimated to grow at an average annual rate of 3.8% between 2019 and 2020.
|
It increased from 14.6% of revenues in 2017 to 15.9% in 2018, and we expect it to swell to be 16.6% of revenues in 2020 Additional details about trends in Corning’s Selling & Administrative Costs are available in our interactive dashboard. Trefis estimates the metric to increase to around 63% in the near term – contributing the most to our estimated reduction in Corning’s net income margin figure for the year Selling & Administrative Costs: Selling and administrative accounted for 17.6% of the company’s total expenses in 2018, which made it the second-highest expense category. The figure has steadily increased from being 7.8% of revenues in 2016 to 8.8% of revenues in 2018, and we expect it to increase further to 9.2% of revenues by 2020.
|
978424b6-29f3-4993-b343-c659220745f6
|
716325.0
|
2020-01-02 00:00:00 UTC
|
Meet the 2020 Dogs of the Dow
|
DD
|
https://www.nasdaq.com/articles/meet-the-2020-dogs-of-the-dow-2020-01-02
|
nan
|
nan
|
The Dow Jones Industrials (DJINDICES: ^DJI) had a strong performance in 2019, extending a long string of solid gains during a decade-long bull market. Coming into 2020, investors are hoping for more of the same, but they're also thinking about how they can protect their portfolios if a reversal hits.
One way many conservative investors hedge their bets is by investing in dividend stocks. If you like the blue chip stocks that make up the Dow Jones Industrials, then one strategy known as the Dogs of the Dow could be exactly what you're looking for. Below, you'll find the new list of Dogs of the Dow for 2020, as well as some thoughts about the strategy and whether it makes sense for you.
The 2020 Dogs of the Dow
STOCK
DIVIDEND YIELD
RANK IN 2019
Dow (NYSE: DOW)
5.12%
N/A
ExxonMobil
4.99%
2
IBM
4.83%
1
Verizon
4.01%
3
Chevron
3.95%
4
Pfizer
3.88%
5
3M (NYSE: MMM)
3.26%
N/A
Walgreens (NASDAQ: WBA)
3.10%
N/A
Cisco Systems
2.92%
9
Coca-Cola
2.89%
6
Data source: Yahoo! Finance.
A trio of new pups for the Dogs of the Dow
The biggest appeal of the Dogs of the Dow strategy is its simplicity, as all you have to do is buy the 10 Dow stocks with the highest yields as of Dec. 31 and hold on to them throughout the following year. Because those yields rise and fall over time, the stocks that make the Dogs list typically change each year. However, some stocks have solid track records of paying high dividends, so many stocks carry over from year to year.
Image source: Getty Images.
In 2019, solid gains for three Dogs took them out of the running for 2020. JPMorgan Chase and Procter & Gamble jumped 43% and 36% respectively in 2019, sending their dividend yields sharply lower. Merck's 19% gain in 2019 wasn't quite as strong, but it was enough to give way to higher-yielding peers in the Dow.
By contrast, the three new Dogs for 2020 all had lackluster performance, posting losses for 2019 despite the overall market's substantial gains. A corporate reorganization at Dow left it in the Dow Jones Industrials at the expense of DuPont, and the chemical company's dividend yield was considerably higher than DuPont's had been.
Meanwhile, Walgreens suffered from some of the nervousness surrounding healthcare. Regulators in Washington have been looking for ways to reduce prescription drug costs, considering measures aimed at both drug distributors and pharmacy benefit management companies.
Finally, 3M had to deal with the headwinds that affected manufacturers across the globe. Healthcare and consumer offerings usually provide some protection against cyclical downturns in its more industrial businesses, but 3M struggled due to weakness in consumer electronics and because of geopolitical tensions related to trade.
The Dogs of the Dow have something to prove in 2020
The Dogs of the Dow didn't do well in 2019, as their total return of roughly 19% fell well short of the 25% gains for the broader Dow Jones Industrials. That marked the second year in the past three that the strategy didn't deliver the outperformance that investors have come to expect from the Dogs.
However, there's reason for optimism in 2020. Once again, significant exposure to energy will give the Dogs a chance to shine if oil and natural gas prices rebound from their long slump in the coming year. Moreover, the newer entrants could see recoveries from their respective 2019 declines.
The Dogs of the Dow won't always beat out the overall market. But for those looking for blue chip stocks with healthy levels of dividend income, the Dogs are a great place to look for investment ideas.
10 stocks we like better than Walgreens Boots Alliance
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Walgreens Boots Alliance wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of December 1, 2019
Dan Caplinger has no position in any of the stocks mentioned. The Motley Fool is short shares of IBM and Procter & Gamble. The Motley Fool recommends 3M and Verizon Communications. 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.
|
The Dow Jones Industrials (DJINDICES: ^DJI) had a strong performance in 2019, extending a long string of solid gains during a decade-long bull market. Once again, significant exposure to energy will give the Dogs a chance to shine if oil and natural gas prices rebound from their long slump in the coming year. But for those looking for blue chip stocks with healthy levels of dividend income, the Dogs are a great place to look for investment ideas.
|
The Dow Jones Industrials (DJINDICES: ^DJI) had a strong performance in 2019, extending a long string of solid gains during a decade-long bull market. If you like the blue chip stocks that make up the Dow Jones Industrials, then one strategy known as the Dogs of the Dow could be exactly what you're looking for. See the 10 stocks *Stock Advisor returns as of December 1, 2019 Dan Caplinger has no position in any of the stocks mentioned.
|
If you like the blue chip stocks that make up the Dow Jones Industrials, then one strategy known as the Dogs of the Dow could be exactly what you're looking for. A trio of new pups for the Dogs of the Dow The biggest appeal of the Dogs of the Dow strategy is its simplicity, as all you have to do is buy the 10 Dow stocks with the highest yields as of Dec. 31 and hold on to them throughout the following year. The Dogs of the Dow have something to prove in 2020 The Dogs of the Dow didn't do well in 2019, as their total return of roughly 19% fell well short of the 25% gains for the broader Dow Jones Industrials.
|
If you like the blue chip stocks that make up the Dow Jones Industrials, then one strategy known as the Dogs of the Dow could be exactly what you're looking for. Walgreens (NASDAQ: WBA) 3.10% A trio of new pups for the Dogs of the Dow The biggest appeal of the Dogs of the Dow strategy is its simplicity, as all you have to do is buy the 10 Dow stocks with the highest yields as of Dec. 31 and hold on to them throughout the following year.
|
064da37a-77aa-4021-8392-b3dd141f2bd0
|
716326.0
|
2019-12-31 00:00:00 UTC
|
3 Big Stock Charts for Tuesday: DuPont, Exelon, and Cabot Oil & Gas
|
DD
|
https://www.nasdaq.com/articles/3-big-stock-charts-for-tuesday%3A-dupont-exelon-and-cabot-oil-gas-2019-12-31
|
nan
|
nan
|
Even with declines on Monday, U.S. stocks are closing out a remarkably strong 2020. The S&P 500 has gained 28.5% so far this year, and the NASDAQ Composite has performed even better. On the whole, American equities, barring a disaster on Tuesday, should post their second-best year since 1997.
Source: Shutterstock
As noted in the space before, the rally has been both broad and deep. Nearly 80% of stocks with a market capitalization over $300 million are positive in 2019. Almost 20% of those stocks have risen at least 50%. But that still leaves a few names that have been left out of the rally.
TuesdayâÂÂs big stock charts focus on that group. Two of these stocks have declined so far this year, amid broad pressure on their respective industries. Another has gained less than 1%. But all three of late have shown support, which suggests at least some optimism heading into the New Year.
DuPont de Nemours (DD)
Source: Provided by Finviz
DuPont de Nemours (NYSE:) has been one of the most disappointing stocks of the past few years. In a complicated feat of financial engineering, chemical giants Dow and DuPont DowDuPont. DowDuPont the âÂÂnewâ Dow Inc. (NYSE:) and agricultural play Corteva (NYSE:) before renaming itself DuPont de Nemours.
If that wasnâÂÂt enough, DuPont this month announced it would with International Flavors & Fragrances (NYSE:). Yet, as the first of MondayâÂÂs big stock charts shows, none of that movement has created any shareholder value.
DowDuPont was a popular pick for sum of the parts upside, but DD stock is down 18% this year (adjusted for the spins). DOW stock has gained 9% since becoming independent, while CTVA is basically flat. The question heading into 2020 is whether the stock finally can stabilize:
Excelon Corporation (EXC)
Utility Exelon Corporation (NYSE:) has had a disappointing 2019 as well. Utilities as a sector, as measured by the Utilities Select Sector SPDR Fund (NYSE:), have gained 21%. EXC stock has risen just 0.62%. There are some reasons for the underperformance â but as the second of our big stock charts shows, investors of late have bet on an improved 2020:
There are two core worries here. Exelon is facing a federal investigation of its lobbying efforts in Illinois, a probe that may be linked to of the companyâÂÂs chief executive officer in October. In addition, ExelonâÂÂs nuclear business is waning: the company shut down its Three Mile Island reactor earlier this year. Both factors have pressured Exelon stock in recent months, and explain in part why shares have lagged the sector.
That said, thereâÂÂs some value here. On an earnings basis, EXC is one of the cheaper large-cap utility stocks in the market. A 3.2% dividend yield should be safe, and remains attractive in an environment where the 10-year Treasury bond yields less than 2%. Federal investigations are hardly welcome, but this is a company with a $44 billion market capitalization. Penalties relating to any untoward actions are likely to be relatively minimal in that context. ThereâÂÂs a case that the sell-off has gone too far. Some investors are acting on that case as 2020 approaches.
Cabot Oil & Gas (COG)
Source: Provided by Finviz
Shale exploration plays like Cabot Oil & Gas (NYSE:) have had a difficult 2019. Low oil and natural gas prices have hurt profits. The acquisition of Anadarko Petroleum by Occidental Petroleum (NYSE:) was supposed to unleash a wave of merger activity in the sector. But OXY stock wound up in November, potentially scaring off other buyers.
Despite the sector weakness, investors have tried to time the bottom in COG stock on a few occasions in the second half of 2019. At the moment, that looks like a potentially dicey bet:
As of this writing, Vince Martin has no positions in any securities mentioned.
The post 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.
|
DuPont de Nemours (DD) Source: Provided by Finviz DuPont de Nemours (NYSE:) has been one of the most disappointing stocks of the past few years. DowDuPont was a popular pick for sum of the parts upside, but DD stock is down 18% this year (adjusted for the spins). In addition, ExelonâÂÂs nuclear business is waning: the company shut down its Three Mile Island reactor earlier this year.
|
DuPont de Nemours (DD) Source: Provided by Finviz DuPont de Nemours (NYSE:) has been one of the most disappointing stocks of the past few years. DowDuPont was a popular pick for sum of the parts upside, but DD stock is down 18% this year (adjusted for the spins). In addition, ExelonâÂÂs nuclear business is waning: the company shut down its Three Mile Island reactor earlier this year.
|
DuPont de Nemours (DD) Source: Provided by Finviz DuPont de Nemours (NYSE:) has been one of the most disappointing stocks of the past few years. DowDuPont was a popular pick for sum of the parts upside, but DD stock is down 18% this year (adjusted for the spins). In addition, ExelonâÂÂs nuclear business is waning: the company shut down its Three Mile Island reactor earlier this year.
|
DuPont de Nemours (DD) Source: Provided by Finviz DuPont de Nemours (NYSE:) has been one of the most disappointing stocks of the past few years. DowDuPont was a popular pick for sum of the parts upside, but DD stock is down 18% this year (adjusted for the spins). In addition, ExelonâÂÂs nuclear business is waning: the company shut down its Three Mile Island reactor earlier this year.
|
88d3d072-7862-4779-99d3-3041905f46a9
|
716327.0
|
2019-12-30 00:00:00 UTC
|
DuPont is Now Oversold
|
DD
|
https://www.nasdaq.com/articles/dupont-is-now-oversold-2019-12-30
|
nan
|
nan
|
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 Monday, shares of DuPont (Symbol: DD) entered into oversold territory, hitting an RSI reading of 28.5, after changing hands as low as $62.37 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 70.5. A bullish investor could look at DD's 28.5 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 $61.63 per share, with $84.5849 as the 52 week high point — that compares with a last trade of $62.29.
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.
|
In trading on Monday, shares of DuPont (Symbol: DD) entered into oversold territory, hitting an RSI reading of 28.5, after changing hands as low as $62.37 per share. A bullish investor could look at DD's 28.5 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 $61.63 per share, with $84.5849 as the 52 week high point — that compares with a last trade of $62.29.
|
In trading on Monday, shares of DuPont (Symbol: DD) entered into oversold territory, hitting an RSI reading of 28.5, after changing hands as low as $62.37 per share. A bullish investor could look at DD's 28.5 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 $61.63 per share, with $84.5849 as the 52 week high point — that compares with a last trade of $62.29.
|
In trading on Monday, shares of DuPont (Symbol: DD) entered into oversold territory, hitting an RSI reading of 28.5, after changing hands as low as $62.37 per share. A bullish investor could look at DD's 28.5 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 $61.63 per share, with $84.5849 as the 52 week high point — that compares with a last trade of $62.29.
|
In trading on Monday, shares of DuPont (Symbol: DD) entered into oversold territory, hitting an RSI reading of 28.5, after changing hands as low as $62.37 per share. A bullish investor could look at DD's 28.5 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 $61.63 per share, with $84.5849 as the 52 week high point — that compares with a last trade of $62.29.
|
086cb115-6c6d-48b4-975e-9b77d4f3bce6
|
716328.0
|
2019-12-17 00:00:00 UTC
|
Deutsche Bank Says These 3 “Strong Buy” Stocks Are Primed For Growth
|
DD
|
https://www.nasdaq.com/articles/deutsche-bank-says-these-3-strong-buy-stocks-are-primed-for-growth-2019-12-17
|
nan
|
nan
|
We’re in the final lap of 2019, with 2020 in clear sight just ahead, and it’s time to start getting your portfolio ready for the next year. On the international front, where there have been recent worries about slowing growth, there are now some hints of optimism. Deutsche Bank, the German financial giant, pointed out in November that the German economy – Europe’s largest – avoided a technical recession in Q3. This was good news, and is supported by DB’s forecast that Q4 will continue to avoid contraction.
Turning closer to home, we find greater optimism in the US. Market conditions are rising along with a robust general economy. Going by the data, the S&P 500 is up 2.2% in the last 30 days, and 27% in 2019, while the November jobs report showed a 50-year low in unemployment and 266,000 new jobs. And, despite the ongoing trade conflict with China, both the US and Chinese governments appear committed to finding an agreeable solution. It’s no wonder that underlying overall optimism has been fueling market growth.
So, investors should have plenty of stock options to choose from in the new year. But how to choose? The experts at Deutsche Bank have a few ideas, from a variety of industries, and we’ve run three of them through the TipRanks database to find out what makes them so compelling. We’ve found that DB has identified stocks with Strong Buy ratings and plenty of profitable upside potential. Let’s take a closer look.
DuPont De Nemours (DD)
First up is the modern incarnation of the famous DuPont chemical company. With almost $86 billion in revenues last year, DuPont is the dominant force in the US chemical manufacturing sector. The company produces structural and elastic adhesives, fluids, reinforcing composites, foams and coatings, rubber and elastomers, and synthetic fibers, along with food and animal nutrition technologies and water purification systems.
In Q3, DuPont beat both the top and bottom line estimates by modest margins. Revenue at $5.43 billion compared favorably to the forecast $5.41 billion, while the EPS of 96 cents beat the 95-cent estimate. The earnings number is more than sufficient to maintain the current 30-cent quarterly dividend payment. At $1.20 per year, the stock dividend shows a 1.85% yield, slightly lower than the average S&P 500 company.
DuPont has a history of expanding via corporate mergers, and in recent weeks has finalized a merger between the DuPont Nutrition and Biosciences division and International Flavors and Fragrances (IFF). The move will create a company worth over $45 billion, with DuPont holding a 55.4% stake in the combined entity. Fibig will continue to lead the new company, but DuPont will have control of the Board of Directors. DuPont will also receive a $7.3 billion one-time cash payment when the merger is completed.
Deutsche Bank’s David Begleiter sees positives for DD now that this merger deal is announced. He writes, “With certainty and clarity on N&B's value and future now established, investors will be able to focus on the value of remaining DuPont… And here, we believe valuation is compelling [next year] … before any discount for PFOA liabilities, DuPont shares would be $20-$35 higher…”
Begleiter puts a Buy rating on DD, with an $80 price target implying a 23% upside to the stock. (To watch Begleiter’s track record, click here)
DuPont’s Strong Buy consensus rating is based on 4 recent ratings – 3 Buys and 1 Hold. Shares are selling for $64.89, and the average price target stands at $78.67 -- 21% upside. (See DuPont stock analysis on TipRanks)
Mesa Air Group (MESA)
We all complain about air travel, but the truth is, the airlines do a competent job of moving masses of people around the globe. Contenting with high overhead, including aircraft acquisition and maintenance costs, and fuel costs, the airline industry must find a profit in small margins. They do this in a variety of ways. The big companies aim for volume. The smaller regional companies aim to localize volume while improving efficiency.
Mesa Air Group is the parent company of Mesa Airlines, which operates under the names American Eagle and United Express. The various names are due to contract agreements with American and United Airlines. In short, Mesa operates the regional feeder airlines.
It does so at a profit, too. MESA has shown positive earnings in the last two years, with the most recent quarter – Q4 FY19 – showing a substantial sequential gain from Q3. The bottom-line EPS number was 35 cents, compared to last quarter’s 9 cents. Revenues, at $12.2 million, were more than 4 times higher than in Q3. For the full year, the company showed an EPS of $1.36 on a net income of $47.6 million. This was a 43% gain from FY18. Reflecting these gains, MESA stock is up 13.4% this year, although it has underperformed the broader markets.
5-star analyst Michael Linenberg, reviewing this stock for Deutsche Bank, wrote, “Despite unforeseen operational challenges, Mesa managed to deliver solid Sep Q performance. We continue to favor Mesa for its low-cost structure, ample supply of pilots, and attractive growth prospects. We believe the company's earnings trajectory is being underappreciated by the market, as MESA remains the most attractively priced airline stock in our coverage universe…”
Linenberg backs his Buy rating on MESA with a $13 price target, suggesting a 48% upside to this stock. (To watch Linenberg’s track record, click here)
MESA shares get a unanimous thumbs up from the analyst consensus, with 4 recent Buy reviews adding up to a Strong Buy rating. The stock is attractively priced at $8.75, while the $12.25 average price target indicates room for an impressive 40% growth on the upside. (See the MESA stock analysis on TipRanks.)
Black Knight (BKI)
The third stock on our list, Black Knight, is a tech company, providing data services and analytics to the real estate and mortgage loan industries. This sector has been getting a boost from the strong jobs front in the States, as low unemployment and rising wages are good for home purchases and equity loans.
In the third quarter, which BKI reported in early November, the company saw EPS of 51 cents, beating the estimate by 6.3%. Revenues were in line with the forecast, at $299 million, and beat the year-ago number by 6%. These results are congruent with BKI’s overall performance in recent months – the stock is up an impressive 40% for 2019, and has beaten earnings forecasts in 2 of the past 4 quarters.
After meeting with BKI management last week, Deutsche Bank analyst Ashish Sabadra is upbeat about the company’s prospects going forward. He wrote, “The company remains comfortable with the 6-8% mid-term revenue growth driven by pricing, loan growth at existing customers, platform sales, ancillary solutions, and new product innovations. The company expects to preserve margins in 2020 … and we expect the company to resume mid-term margin expansion target starting 2021.”
Sabadra gives BKI a $68 price target, indicating a 7% upside in the coming year, along with a Buy rating. (To watch Sabadra’s track record, click here)
Black Knight’s strong share appreciation this year has pushed the stock price close to the average price target, limiting the upside. Shares are selling for $63.47 now, with an average target of $67 suggesting room for 5.6% further growth. The stock holds a Strong Buy consensus rating, based on 3 Buys and 1 Hold given in recent weeks. (See Black Knight stock analysis on TipRanks)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
He writes, “With certainty and clarity on N&B's value and future now established, investors will be able to focus on the value of remaining DuPont… And here, we believe valuation is compelling [next year] … before any discount for PFOA liabilities, DuPont shares would be $20-$35 higher…” Begleiter puts a Buy rating on DD, with an $80 price target implying a 23% upside to the stock. DuPont De Nemours (DD) First up is the modern incarnation of the famous DuPont chemical company. Deutsche Bank’s David Begleiter sees positives for DD now that this merger deal is announced.
|
DuPont De Nemours (DD) First up is the modern incarnation of the famous DuPont chemical company. Deutsche Bank’s David Begleiter sees positives for DD now that this merger deal is announced. He writes, “With certainty and clarity on N&B's value and future now established, investors will be able to focus on the value of remaining DuPont… And here, we believe valuation is compelling [next year] … before any discount for PFOA liabilities, DuPont shares would be $20-$35 higher…” Begleiter puts a Buy rating on DD, with an $80 price target implying a 23% upside to the stock.
|
He writes, “With certainty and clarity on N&B's value and future now established, investors will be able to focus on the value of remaining DuPont… And here, we believe valuation is compelling [next year] … before any discount for PFOA liabilities, DuPont shares would be $20-$35 higher…” Begleiter puts a Buy rating on DD, with an $80 price target implying a 23% upside to the stock. DuPont De Nemours (DD) First up is the modern incarnation of the famous DuPont chemical company. Deutsche Bank’s David Begleiter sees positives for DD now that this merger deal is announced.
|
DuPont De Nemours (DD) First up is the modern incarnation of the famous DuPont chemical company. Deutsche Bank’s David Begleiter sees positives for DD now that this merger deal is announced. He writes, “With certainty and clarity on N&B's value and future now established, investors will be able to focus on the value of remaining DuPont… And here, we believe valuation is compelling [next year] … before any discount for PFOA liabilities, DuPont shares would be $20-$35 higher…” Begleiter puts a Buy rating on DD, with an $80 price target implying a 23% upside to the stock.
|
d498121f-97f4-4558-86a8-b26d923d620c
|
716329.0
|
2019-12-16 00:00:00 UTC
|
10 Stocks to Buy That Lost 8%-Plus in the Past Month
|
DD
|
https://www.nasdaq.com/articles/10-stocks-to-buy-that-lost-8-plus-in-the-past-month-2019-12-16
|
nan
|
nan
|
As I write this, there are less than two weeks left until Christmas Day. Though there are only a few days of trading left until the end of the year, it’s not too late to boost your portfolio’s 2019 performance with these cheap stocks to buy.
How good a year has it been?
year to date (YTD). Every sector, including energy, are solidly in the positive with information technology stocks leading the way, up 44%.
So far in December, S&P 500 stocks aren’t doing nearly as well, up 2.6% — with a good chunk of that positive return coming today.
Each of the stocks selected for this list of stocks to buy has a market cap of $2 billion or more and has lost 10% or more at some point over the past month.
Out of with a market cap greater than $2 billion, only 62 had lost 10% or more in a month as of Dec. 12. Even after today’s gains, these stocks remain in the red over the past 30 days.
Here are my top 10 stocks to buy from the group of 62.
Stocks to Buy: Abiomed (ABMD)
Source: Pavel Kapysh / Shutterstock.com
So far, 2019 has been a downer for long-time shareholders of Abiomed (NASDAQ:).
Down 46% YTD, ABMD stock has had better performances in recent years. The maker of Impella heart pumps has generated an annualized total return of 36% for loyal shareholders over the past decade.
If you’re one of the lucky ones who’ve owned its stock for the past 10 years, congratulations on a buy well done. If you’re one of the unlucky ones who got in at some point during 2019, be patient, your turn will come.
As I stated in about the seven S&P 500 stocks I expect to deliver over the next decade, just as they did this past decade, Abiomed ought to continue to gain market share as the population continues to age.
Down 20% over the past month, take advantage of Abiomed’s correction and buy some more.
A.O. Smith (AOS)
Source: Shutterstock
A.O. Smith (NYSE:) is one of my all-time favorite stocks.
Sure, there are plenty of names I could list off that I’ve recommended over the years that have done better than the Wisconsin-based manufacturer of water heaters, boilers and water softeners. Still, there are very few that I would consider “stick-in-a-drawer” type stocks that you can forget about for a decade or more and still make out okay.
AOS is one such stock.
Over the past decade, A.O. Smith has generated an annualized total return of 21.4%. Yet, it’s been unable to break out of single-digit gains in 2019. Up 9% YTD, the 8% decline over the past month hasn’t helped one iota.
In October, my InvestorPlace.com colleague, Ian Bezek, made AOS one of seven mid-cap stock selections. Bezek reasoned that . Once an agreement is reached, the sky’s the limit for AOS. In the meantime, you can enjoy the Dividend Aristocrat’s 2.1% yield.
The one thing I know is you can’t keep a good dog down. A.O. Smith’s stock trajectory will soon turn to the stars. When it does, you’ll be glad I mentioned it.
Dell Technologies (DELL)
Source: Jonathan Weiss / Shutterstock.com
It’s hard to believe that Michael Dell, CEO of Dell Technologies (NYSE:), is 54 years old. It seems like only yesterday we were reading about this up-and-comer who started a computer business in his dorm room.
And while the Texas entrepreneur has had his ups and downs in recent years, the fact Dell stock has lost more than 11% in the past month, do provide tech investors with a much more attractive entry point.
InvestorPlace.com contributor Vince Martin owns Dell stock. He recently suggested that the company’s 81% stake in VMware (NYSE:) could be worth substantially more in the future should Dell decide to buy out the remaining minority shareholders.
The reality is that Dell generates significant free cash flow — the company’s trailing 12-month free cash flow of nearly is 150% of its net income — which makes the correction over the past month an opportune time to make money on one of the few tech stocks performing in 2019.
DuPont de Nemours (DD)
Source: ricochet64 / Shutterstock.com
For those unaware, DuPont de Nemours (NYSE:) used to be part of DowDuPont; the company created when Dow and DuPont merged in 2017, only to be demerged two years later into three separate companies.
As a result of the , DD stock began trading on the NYSE on June 3. It joined former stablemates Dow (NYSE:) and Corteva (NYSE:CTVA) as publicly traded, independent companies.
DuPont is a specialty chemical maker whose products include advanced plastics, adhesives and enzymes for the production of cars, electronics and many consumer goods. Dow is responsible for commodity chemicals and Corteva makes seeds.
Together, the three entities were one massive company. Separately, though, they’re still three incredibly complex businesses.
In the past month, DD stock has shed more than 10% of its value. Since becoming an independent company in June, DuPont de Nemours stock had a quick burst out of the gate, at $76.10, up 18%. It has since lost all of those gains and then some.
DuPont and the other two companies were de-merged specifically to add value for DowDupont shareholders. I would expect some of those benefits to be realized in 2020.
Foot Locker (FL)
Source: Roman Tiraspolsky / Shutterstock.com
Foot Locker (NYSE:) has traded below $40 on three occasions since late 2013.
On the first occasion, in December 2013, the sneaker and apparel retailer broke through $40 for the very first time after recovering from the 2008 recession, which saw its stock drop to less than $6.
The second occasion was in September 2017, and the third and final time dropping below $40 came in August. So, except for a brief November rally, FL stock been in the dumps since the fall.
On Nov. 22, Foot Locker reported healthy third-quarter revenue and earnings per share (EPS) numbers. On the top line, to $1.9 billion while on the bottom line, EPS increased 18.9% to $1.13. Also, same-store sales grew by 5.7%, which suggests the company is making progress, positioning itself to compete in the changing world of retail.
Unfortunately, the company’s prediction of in the fourth quarter — down from a 9.7% increase in last year’s fourth quarter and worse than the 2% growth estimate from analysts — sent FL stock spiraling lower.
As a result, Foot Locker’s total return over the past month is -18.9%, considerably worse than the 2.6% gain for the U.S. total market.
Foot Locker tends to be conservative when providing quarterly guidance, so I wouldn’t be surprised if same-store sales weren’t favorable in the fourth quarter.
Hess (HES)
Source: rafapress / Shutterstock.com
Of all the stocks on this list, Hess (NYSE:) is the one company whose 2019 performance couldn’t be characterized as anything but successful. Despite a 9% correction over the past month, HES has generated a YTD total return of 56% — doubling the performance of the U.S. total market.
Hess has severely underperformed in recent years, generating a five-year annualized total return of -0.3%, almost 12 percentage points worse than the total U.S. market. Reversion to the historical mean was bound to happen at some point.
In 2013, Hess began the arduous process of to focus on energy production and exploration. Activist investor Elliott Management pushed management to become an energy pure-play.
The only problem with that plan is that oil and gas exploration hasn’t been over the past five years due to weaker prices. That said, it has managed to perform exceptionally well in a challenging business environment.
The recent drop is likely attributable to investors taking profits.
Kohl’s (KSS)
Source: Sundry Photography/Shutterstock.com
YTD, Kohl’s (NYSE:) has a total return of 23.2%. In the past month, it has lost nearly 14%. Yet, Retail Dive named CEO Michelle Gass, its retail executive of the year.
Of course, Retail Dive isn’t nearly as concerned as InvestorPlace.com readers about the performance of its stock. It’s more interested in innovation, and on that front, it feels Gass has delivered in a big way.
One of its most significant initiatives in 2019 was the rollout of its returns program in partnership with Amazon (NASDAQ:). A pilot project since 2017, this year, Gass went all in, providing the e-commerce giant with 1,150 locations across the U.S. where customers could return products they weren’t happy with.
As I noted in October, this was a partnership that would prove .
As for Christmas, Kohl’s is staying open from the morning of Dec. 20 to 6 p.m. on Christmas Eve. I don’t know how many extra shoppers it will snag with this approach, but it’s another sign Gass is trying every lever at her disposal to drive sales in a weak department store environment.
While there are several other retail executives worthy of this award, Gass is facing extraordinary challenges.
I expect a full recovery in 2020.
MasTec (MTZ)
Source: IgorGolovniov / Shutterstock.com
MasTec (NYSE:) was sailing along in 2019 and then came November, and the wheels fell off.
Since then, MTZ’s given back all of the gains it made in October. Down almost 15% in the past month, the infrastructure construction stock has still delivered a YTD total return of 49%, easily beating the markets as a whole.
At the end of October, MasTec reported Q3 2019 results that beat analyst estimates. On the top line, it had , 10 cents clear of the consensus and 30% higher than its profits last year. In the past four quarters, it has beaten the estimate on all four occasions.
On the bottom line, MasTec’s revenues were $2.02 billion, 5.3% lower than the consensus estimate of $2.13 billion. However, it did manage to grow sales 2% over the same period a year ago.
Not to worry.
Through the first nine months of its fiscal year, Mastec’s revenues have grown by healthy 9.7%, while its .
With a diversified group of four revenue streams — Communications, Oil and Gas, Electrical Transmission, and Power Generation/Industrial — MasTec’s business is insulated from any single industry going into a slowdown.
As long as America continues to have tremendous infrastructure needs, MasTec stock should continue to do very well.
PagSeguro Digital (PAGS)
Source: rafastockbr / Shutterstock.com
There are several things I like about Brazilian payments company PagSeguro Digital (NYSE:).
First, I’ve been a big believer in Latin America for many years. Here’s what I said about the region in :
“As Brazil prepares to host the 2016 Summer Olympics, some in Latin America suggest economic gains made since the beginning of the global financial crisis have benefited the rich and powerful at the exclusion of everyone else. Further, the structural changes necessary to build a flourishing middle class have yet to appear, making these gains illusory at best.”
While I do agree that investors should be cognizant of the continuing disconnect that exists between the wealth of these countries and the average citizen, the future remains brighter for Latin America than it’s ever been. Tread carefully, but don’t let the rhetoric spoil one of the best investment opportunities anywhere.
Everything I said back then still applies today. The opportunities in Latin America are endless.
Secondly, while investors didn’t seem to like PagSeguro’s third-quarter results delivered in November — PAGS stock has seen an 13% decline over the past month — I see a business that’s growing at a very healthy pace.
in the quarter on the top line while on the bottom, its net income increased by 47.5%. Furthermore, its total payment volume (TPV) jumped 45% in the quarter to $7.2 billion.
As a payments processor, you want to see higher TPV. In the third quarter, it grew the metric just fine.
Forget the investor reaction. This is a buying opportunity.
Rollins (ROL)
Source: Shutterstock
The great thing about prognosticating about stocks is that you’ve got nowhere to hide. If you make a recommendation about a particular stock and it tanks, your words are permanently on display — making it easy for readers to second-guess your opinions.
At the end of October, I recommended Rollins (NYSE:) along with nine other stocks investors should consider regardless of their latest quarterly earnings.
Rollins specializes in pest control. Its Orkin brand serves more than on every continent except Antarctica. Many of its customers have stuck with it for decades, which allows it to generate a significant amount of recurring revenue.
I love the fact that the Rollins family, who own more than 50% of its stock and are intimately involved with the company, understand the importance of customer service in a business that you usually wouldn’t consider customer friendly.
Once you’ve got a good pest control person, especially if you’re in real estate, it’s hard to let them go knowing the importance of pest-free environments.
The longer you hold Rollins stock, the better your results are going to be. It’s the ultimate buy-and-hold stock.
Down almost 9% over the past month, it’s looking like Rollins will have its first year of negative calendar returns in many a moon. Don’t miss out on this buying opportunity.
At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities.
The post 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.
|
Further, the structural changes necessary to build a flourishing middle class have yet to appear, making these gains illusory at best.” While I do agree that investors should be cognizant of the continuing disconnect that exists between the wealth of these countries and the average citizen, the future remains brighter for Latin America than it’s ever been. DuPont de Nemours (DD) Source: ricochet64 / Shutterstock.com For those unaware, DuPont de Nemours (NYSE:) used to be part of DowDuPont; the company created when Dow and DuPont merged in 2017, only to be demerged two years later into three separate companies. As a result of the , DD stock began trading on the NYSE on June 3.
|
DuPont de Nemours (DD) Source: ricochet64 / Shutterstock.com For those unaware, DuPont de Nemours (NYSE:) used to be part of DowDuPont; the company created when Dow and DuPont merged in 2017, only to be demerged two years later into three separate companies. As a result of the , DD stock began trading on the NYSE on June 3. In the past month, DD stock has shed more than 10% of its value.
|
DuPont de Nemours (DD) Source: ricochet64 / Shutterstock.com For those unaware, DuPont de Nemours (NYSE:) used to be part of DowDuPont; the company created when Dow and DuPont merged in 2017, only to be demerged two years later into three separate companies. As a result of the , DD stock began trading on the NYSE on June 3. In the past month, DD stock has shed more than 10% of its value.
|
DuPont de Nemours (DD) Source: ricochet64 / Shutterstock.com For those unaware, DuPont de Nemours (NYSE:) used to be part of DowDuPont; the company created when Dow and DuPont merged in 2017, only to be demerged two years later into three separate companies. As a result of the , DD stock began trading on the NYSE on June 3. In the past month, DD stock has shed more than 10% of its value.
|
dc1452e6-564d-4db4-8e8b-c149ad920c1c
|
716330.0
|
2019-12-16 00:00:00 UTC
|
Consumer Sector Update for 12/16/2019: IFF, DD, BZUN, FCAU, WMT, MCD, DIS, CVS, KO
|
DD
|
https://www.nasdaq.com/articles/consumer-sector-update-for-12-16-2019%3A-iff-dd-bzun-fcau-wmt-mcd-dis-cvs-ko-2019-12-16
|
nan
|
nan
|
Top Consumer Stocks:
WMT: +0.38%
MCD: +0.25%
DIS: +0.84%
CVS: +0.22%
KO: +0.33%
Consumer giants were gaining in Monday's pre-market trading.
Early movers include:
(-) International Flavors & Fragrances (IFF), which was down more than 5% after saying it agreed to merge with DuPont's (DD) nutrition and biosciences unit to create a new company valued at $45.4 billion. Once the deal closes, DuPont will receive a one-time $7.3 billion special cash payment, subject to adjustments. DuPont was up more than 3% after the news.
(-) Baozun (BZUN) was slipping by more than 2% as it estimated losses of RMB53 million ($7.6 million) from lost inventory due to a fire that destroyed a third-party warehouse in Shanghai in late October.
(+) French automaker PSA Group has secured the support of the French government for its proposed $50 billion merger with Fiat Chrysler (FCAU), Bloomberg News reported, citing sources. Fiat Chrysler was 1% higher in recent trading.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Early movers include: (-) International Flavors & Fragrances (IFF), which was down more than 5% after saying it agreed to merge with DuPont's (DD) nutrition and biosciences unit to create a new company valued at $45.4 billion. Once the deal closes, DuPont will receive a one-time $7.3 billion special cash payment, subject to adjustments. (+) French automaker PSA Group has secured the support of the French government for its proposed $50 billion merger with Fiat Chrysler (FCAU), Bloomberg News reported, citing sources.
|
Early movers include: (-) International Flavors & Fragrances (IFF), which was down more than 5% after saying it agreed to merge with DuPont's (DD) nutrition and biosciences unit to create a new company valued at $45.4 billion. (-) Baozun (BZUN) was slipping by more than 2% as it estimated losses of RMB53 million ($7.6 million) from lost inventory due to a fire that destroyed a third-party warehouse in Shanghai in late October. (+) French automaker PSA Group has secured the support of the French government for its proposed $50 billion merger with Fiat Chrysler (FCAU), Bloomberg News reported, citing sources.
|
Early movers include: (-) International Flavors & Fragrances (IFF), which was down more than 5% after saying it agreed to merge with DuPont's (DD) nutrition and biosciences unit to create a new company valued at $45.4 billion. Consumer giants were gaining in Monday's pre-market trading. (+) French automaker PSA Group has secured the support of the French government for its proposed $50 billion merger with Fiat Chrysler (FCAU), Bloomberg News reported, citing sources.
|
Early movers include: (-) International Flavors & Fragrances (IFF), which was down more than 5% after saying it agreed to merge with DuPont's (DD) nutrition and biosciences unit to create a new company valued at $45.4 billion. Consumer giants were gaining in Monday's pre-market trading. DuPont was up more than 3% after the news.
|
292c2ec3-356c-4968-b938-4d2516c569bf
|
716331.0
|
2019-12-16 00:00:00 UTC
|
Daily Markets: There's a 'Phase One' U.S.-China Trade Deal, But Now What?
|
DD
|
https://www.nasdaq.com/articles/daily-markets%3A-theres-a-phase-one-u.s.-china-trade-deal-but-now-what-2019-12-16
|
nan
|
nan
|
Today’s Big Picture
Over the weekend we had confirmation of the phase-one trade deal between the US and China, which is putting equity markets is in a risk-on kind of mood as we head into the last full week of trading of 2019. Asian equities closed mixed on the day, while European equities are trading higher. US futures point to a positive open.
The phase-one deal, which will increase China’s imports from the U.S. and other countries as well as remove tariffs on Chinese goods in phases is expected to be signed during the first week of 2020. Those looking to digest the proposed terms of the phase-one agreement, the Fact Sheet for the agreement can be found here. And as previously disclosed, phase-two negotiations are expected to begin shortly.
We'd note that post-phase-one trade mood is leading some on Wall Street to call for a 1Q 2019 melt-up in equities despite the slowing US Economic Momentum Indicator and this morning’s weaker than expected economic data emanating from the Eurozone. The picture for that slowing global economy is also being reinforced by reports China will trim its 2020 economic growth target to “around 6%” in 2020, down from this year’s 6%-6.5%. We continue to think 2020 EPS expectations for the S&P 500 will be one of, if not the factor, to watch in the coming weeks as companies begin reporting their December 2019 quarterly results soon after the New Year holiday.
And just because it is the last full week of trading for 2019 and we have a phase-one trade deal between the US and China, doesn’t mean there won’t be any drama emanating from Washington ahead of the Christmas holiday. This week President Trump could become the third US president to be impeached as the House takes up the issue mid-week and will likely be followed by a formal vote to send the matter to the Senate. We’d note Republicans hold 53 of the 100 seats in the Senate, which likely means they would prevail in any trial against Trump that would require a two-thirds majority to remove him from office. Even so, be prepared for impeachment drama in the coming days.
Data Download
Australia’s Manufacturing came in weaker than expected and is contracting as December’s CommBank Manufacturing PMI contracted a second month, falling to 49.4 from 49.9 versus expectations for an increase to 50.4, (anything below 50 is contraction). Services are also in contraction, although less than expected, dropping from 49.7 to 49.5 versus expectations for a drop to 49.1.
It is a similar story in Japan where Jibun Bank Manufacturing PMI for December dropped to 48.8 from 48.9 but was better than the expected 48.4. Services rose to 50.6 from 50.3 with the overall Composite PMI remaining flat at 49.8.
Home prices in China continue their seasonal deceleration, falling from 7.8% YoY increase in October to 7.1% in November. In May prices were increasing by 10.7% YoY. The peak from this year was below the last peak. China’s Retail Sales were stronger than expected, rising 8% YoY, up from 7.2% in October and beating expectations for a 7.6% increase. This was the biggest increase since June.
China’s Fixed Asset Investment YTD remained unchanged from October and matched consensus in November at 5.2%. This remains the weakest reading on record having hit an all-time high of 53% in February 2004.
China’s Industrial Production was stronger than expected, bucking the trend in much of the rest of the world by increasing by 6.2% YoY in November, up from the previous 4.7% and beating by a large margin consensus for 5%. This was the steepest yearly growth since June.
France’s Markit Manufacturing PMI was worse than expected in December, falling from 51.7 to 50.3 versus expectations for a slight decline to 51.5. Services (as is the case in much of the world) were stronger than expected, rising from 52.2 to 52.4 versus expectations for a decline to 52.1.
Germany was similar to Japan today with Markit Manufacturing PMI weaker than expected, contracting to 43.4 in December from 44.1 versus expectations for an increase to 44.5. Services matched expectations at 52, up from 51.7.
Now for something completely different, UK Markit/CIPS Manufacturing PMI (can you guess?) came in weaker than expected at 47.4 for December, falling from 48.9, versus expectations for an increase to 49.3. Services PMI was also weaker than expected dropping to 49 from 49.3 and below consensus 49.6.
Overall the Eurozone Markit Manufacturing PMI for December was (big surprise here) weaker than expected at 45.9 from 46.9 in November, compared to consensus 47.3. Services PMI (you can guess this one) was stronger than expected at 52.4, up from 51.9 and beating consensus for 52.
Eurozone Labor Cost Index rose 2.6% YoY as expected in Q3, down from the prior 2.8%. Wage growth in Q3 was also 2.6% YoY, down also from 2.8% in Q2.
Inflation remains low despite the European Central Bank’s efforts. Italy’s Inflation rate in November remained flat at 0.2% YoY, versus expectations for an increase to 0.4%.
Later today we will get the NY Empire State Manufacturing Index, the US Markit PMIs for Services and Manufacturing, NAHB housing Index and data on investment flows with the Foreign bond investment, net long-term Tic flows and overall net capital flows.
Stocks to Watch
Shares of Swedish appliance maker Electrolux (ELUX-A:SS) are down in pre-market trading following a company update that included a hit to expected earnings from its North American business as well as cuts to benefits associated with its expected 2020 investment program.
In a bid to combat video streaming service competition, Cineworld (CINE.LN) will buy Canada’s Cineplex (CGX.CN) for $1.65 billion in cash, making the British firm the biggest cinema operator in North America. The deal would add 1,695 screens across 165 cinemas to Cineworld’s network of 9,498 screens across 786 sites, inching it ahead of AMC Entertainment (AMC)’s 11,000 screens in 1,000 theaters.
Humana (HUM) has agreed to buy privately held Enclara Healthcare, a hospice pharmacy, and benefits management provider, for an undisclosed amount.
Reports suggest following its latest board meeting, Boeing (BA) may trim its production schedule for the 737 MAX aircraft. That would likely lead Wall Street to fine-tune revenue and EPS expectations for not only Boeing but also aerospace suppliers as well.
H&M (HNNMY) reported its sales for the September-November 2019 period rose 9% YoY to SEK 61.704 billion.
Bloomberg reports China's German ambassador threatened retaliation if German lawmakers exclude Chinese telecommunications company Huawei as a supplier of 5G wireless equipment. China is Germany's largest trading partner, particularly for the German automotive industry - China is the largest market for Volkswagen AG (VLKAF), BMW AG (BMWYY) and Daimler AG (DDAIF).
In other airline news, Alaska Air Group (ALK) reported its November revenue passenger miles (RPMs) fell 1.2% and now expects its full-year capacity to fall 2.1% and cost per available seat mile to drop 2.2%.
Over the weekend, Disney’s (DIS) Frozen 2 joined the billion-dollar club joining five other Disney films released this year. With Star Wars: The Rise of Skywalker set to open this weekend, odds are Disney isn’t done with the 2019 billion-dollar club just yet. In other Disney news, the company shared it will launch its Disney+ streaming service on Vivendi SA’s (VIVEF) pay-TV business Canal+ platform by the end of March 2020.
International Flavors & Fragrances (IFF) will combine DuPont’s (DD) $26 billion nutrition business to its stable, which will make it a major supplier of soy protein and binders for plant-based meat alternatives, as well as colors and flavors used in those foods. Other products include capsules for the pharma industry, probiotics, enzymes and ingredients for creating scents and tastes for consumer products. The new company will simply be called IFF, and DuPont shareholders will own 55.4% of the combined company, while IFF’s shareholders will own 44.6%. DuPont will also receive a $7.3 billion cash payment.
Uber (UBER) has said it will "double down" on its electric bike and scooter investment during 2020, with an emphasis on Europe. The move follow’s Uber purchase of bike-sharing service Jump. Uber also said it is in talks to sell off its food delivery business in India
After today’s US equity markets close, aerospace company Heico (HEI) is expected to land EPS of $0.57 on revenue of $529.6 million. For a fuller look at expected earnings reports to be had, we recommend checking in with Nasdaq’s earnings calendar page.
On the Horizon
Upcoming IPOs:
For a complete list of upcoming IPOs by month, please visit the Nasdaq IPO Calendar.
Dates to mark:
December 17: Before the market open, Choice Hotels (CHH) will replace Plantronics (PLT)in the S&P MidCap 400, and Plantronics will replace Vitamin Shoppe (VSI) in the S&P SmallCap 600. Franchise Group (FRG) is acquiring Vitamin Shoppe.
December 20: Options Expiration Date
December 24: Christmas Eve Early Close (1 pm ET)
December 25 - Christmas holiday
January 1 - New Year’s Day
Thoughts for the Day
"Optimist: someone who figures that taking a step backward after taking a step forward is not a disaster; it's more like a cha-cha." – Robert Brault
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The deal would add 1,695 screens across 165 cinemas to Cineworld’s network of 9,498 screens across 786 sites, inching it ahead of AMC Entertainment (AMC)’s 11,000 screens in 1,000 theaters. China is Germany's largest trading partner, particularly for the German automotive industry - China is the largest market for Volkswagen AG (VLKAF), BMW AG (BMWYY) and Daimler AG (DDAIF). With Star Wars: The Rise of Skywalker set to open this weekend, odds are Disney isn’t done with the 2019 billion-dollar club just yet.
|
The deal would add 1,695 screens across 165 cinemas to Cineworld’s network of 9,498 screens across 786 sites, inching it ahead of AMC Entertainment (AMC)’s 11,000 screens in 1,000 theaters. China is Germany's largest trading partner, particularly for the German automotive industry - China is the largest market for Volkswagen AG (VLKAF), BMW AG (BMWYY) and Daimler AG (DDAIF). With Star Wars: The Rise of Skywalker set to open this weekend, odds are Disney isn’t done with the 2019 billion-dollar club just yet.
|
The deal would add 1,695 screens across 165 cinemas to Cineworld’s network of 9,498 screens across 786 sites, inching it ahead of AMC Entertainment (AMC)’s 11,000 screens in 1,000 theaters. China is Germany's largest trading partner, particularly for the German automotive industry - China is the largest market for Volkswagen AG (VLKAF), BMW AG (BMWYY) and Daimler AG (DDAIF). With Star Wars: The Rise of Skywalker set to open this weekend, odds are Disney isn’t done with the 2019 billion-dollar club just yet.
|
The deal would add 1,695 screens across 165 cinemas to Cineworld’s network of 9,498 screens across 786 sites, inching it ahead of AMC Entertainment (AMC)’s 11,000 screens in 1,000 theaters. China is Germany's largest trading partner, particularly for the German automotive industry - China is the largest market for Volkswagen AG (VLKAF), BMW AG (BMWYY) and Daimler AG (DDAIF). With Star Wars: The Rise of Skywalker set to open this weekend, odds are Disney isn’t done with the 2019 billion-dollar club just yet.
|
6f7a3688-0a76-4e28-8883-d301f43f4e84
|
716332.0
|
2019-12-16 00:00:00 UTC
|
IFF To Merge With DuPont's Nutrition & Biosciences Unit; Backs FY19 Outlook
|
DD
|
https://www.nasdaq.com/articles/iff-to-merge-with-duponts-nutrition-biosciences-unit-backs-fy19-outlook-2019-12-16
|
nan
|
nan
|
(RTTNews) - International Flavors & Fragrances Inc. or IFF (IFF) and DuPont (DD) announced Sunday that they have entered into a definitive agreement, under which IFF will be merged with DuPont's Nutrition & Biosciences or N&B business in a Reverse Morris Trust transaction.
The deal values the combined company at $45.4 billion on an enterprise value basis, reflecting a value of $26.2 billion for the N&B business based on IFF's share price as of December 13, 2019.
The transaction has been unanimously approved by both Boards of Directors.
Upon completion of the transaction, DuPont will receive a one-time $7.3 billion special cash payment, subject to certain adjustments. The transaction is expected to be tax-free to DuPont and its shareholders for U.S. federal income tax purposes.
Under the deal terms, DuPont shareholders will own 55.4% of the shares of the new company and existing IFF shareholders will own 44.6%.
The transaction is subject to approval by IFF shareholders and other customary closing conditions, including regulatory approvals. IFF's largest shareholder, Winder Investments, has agreed to vote in favor of the deal.
The companies expect to close the deal by the end of the first quarter of 2021.
The combination of IFF and N&B will create a major player in high-value ingredients and solutions for global Food & Beverage, Home & Personal Care and Health & Wellness markets. The combined company will have estimated 2019 pro forma revenue of more than $11 billion and EBITDA of $2.6 billion, excluding synergies.
Upon closing, the new company's Board of Directors will consist of 13 directors: 7 current IFF directors and 6 DuPont director appointees until the Annual Meeting in 2022, when there will be 6 directors from each company.
Andreas Fibig will continue to be the Chairman of the Board and an IFF appointee, he will also continue as Chief Executive Officer.
IFF expects to realize cost synergies of approximately $300 million on a run-rate basis by the end of the third year post-closing.
Further, IFF reconfirmed its full-year 2019 projections for sales to be between $5.15 billion and $5.25 billion with adjusted earnings per share to be between $4.85 and $5.05 and adjusted earnings per share excluding amortization to be between $6.15 and $6.35.
DuPont also reconfirmed its expectations for total annual revenue of approximately $21.5 billion and an adjusted earnings per share range of $3.77 to $3.82. DuPont expects operating EBITDA to be at the low end of the previously provided range, primarily driven by temporary supply chain disruptions in Safety & Construction and Electronics & Imaging.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
(RTTNews) - International Flavors & Fragrances Inc. or IFF (IFF) and DuPont (DD) announced Sunday that they have entered into a definitive agreement, under which IFF will be merged with DuPont's Nutrition & Biosciences or N&B business in a Reverse Morris Trust transaction. The combination of IFF and N&B will create a major player in high-value ingredients and solutions for global Food & Beverage, Home & Personal Care and Health & Wellness markets. IFF expects to realize cost synergies of approximately $300 million on a run-rate basis by the end of the third year post-closing.
|
(RTTNews) - International Flavors & Fragrances Inc. or IFF (IFF) and DuPont (DD) announced Sunday that they have entered into a definitive agreement, under which IFF will be merged with DuPont's Nutrition & Biosciences or N&B business in a Reverse Morris Trust transaction. The combined company will have estimated 2019 pro forma revenue of more than $11 billion and EBITDA of $2.6 billion, excluding synergies. Upon closing, the new company's Board of Directors will consist of 13 directors: 7 current IFF directors and 6 DuPont director appointees until the Annual Meeting in 2022, when there will be 6 directors from each company.
|
(RTTNews) - International Flavors & Fragrances Inc. or IFF (IFF) and DuPont (DD) announced Sunday that they have entered into a definitive agreement, under which IFF will be merged with DuPont's Nutrition & Biosciences or N&B business in a Reverse Morris Trust transaction. Upon closing, the new company's Board of Directors will consist of 13 directors: 7 current IFF directors and 6 DuPont director appointees until the Annual Meeting in 2022, when there will be 6 directors from each company. Further, IFF reconfirmed its full-year 2019 projections for sales to be between $5.15 billion and $5.25 billion with adjusted earnings per share to be between $4.85 and $5.05 and adjusted earnings per share excluding amortization to be between $6.15 and $6.35.
|
(RTTNews) - International Flavors & Fragrances Inc. or IFF (IFF) and DuPont (DD) announced Sunday that they have entered into a definitive agreement, under which IFF will be merged with DuPont's Nutrition & Biosciences or N&B business in a Reverse Morris Trust transaction. Under the deal terms, DuPont shareholders will own 55.4% of the shares of the new company and existing IFF shareholders will own 44.6%. The companies expect to close the deal by the end of the first quarter of 2021.
|
e8782c33-b9ca-4c96-bd66-e6e90a47e817
|
716333.0
|
2019-12-13 00:00:00 UTC
|
Friday Sector Laggards: Energy, Materials
|
DD
|
https://www.nasdaq.com/articles/friday-sector-laggards%3A-energy-materials-2019-12-13
|
nan
|
nan
|
In afternoon trading on Friday, Energy stocks are the worst performing sector, showing a 0.7% loss. Within that group, Apache Corp (Symbol: APA) and Cimarex Energy Co (Symbol: XEC) are two of the day's laggards, showing a loss of 2.8% and 1.7%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is down 0.5% on the day, and up 8.28% year-to-date. Apache Corp, meanwhile, is down 14.55% year-to-date, and Cimarex Energy Co, is down 20.54% year-to-date. Combined, APA and XEC make up approximately 1.3% of the underlying holdings of XLE.
The next worst performing sector is the Materials sector, showing a 0.6% loss. Among large Materials stocks, Nucor Corp. (Symbol: NUE) and DuPont (Symbol: DD) are the most notable, showing a loss of 2.4% and 1.9%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is down 0.6% in midday trading, and up 21.59% on a year-to-date basis. Nucor Corp., meanwhile, is up 11.76% year-to-date, and DuPont, is down 41.15% year-to-date. Combined, NUE and DD make up approximately 10.1% of the underlying holdings of XLB.
Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom:
Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Friday. As you can see, one sector is up on the day, while seven sectors are down.
25 Dividend Giants Widely Held By ETFs »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Among large Materials stocks, Nucor Corp. (Symbol: NUE) and DuPont (Symbol: DD) are the most notable, showing a loss of 2.4% and 1.9%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is down 0.6% in midday trading, and up 21.59% on a year-to-date basis. Combined, NUE and DD make up approximately 10.1% of the underlying holdings of XLB.
|
Among large Materials stocks, Nucor Corp. (Symbol: NUE) and DuPont (Symbol: DD) are the most notable, showing a loss of 2.4% and 1.9%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is down 0.6% in midday trading, and up 21.59% on a year-to-date basis. Combined, NUE and DD make up approximately 10.1% of the underlying holdings of XLB.
|
One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is down 0.6% in midday trading, and up 21.59% on a year-to-date basis. Among large Materials stocks, Nucor Corp. (Symbol: NUE) and DuPont (Symbol: DD) are the most notable, showing a loss of 2.4% and 1.9%, respectively. Combined, NUE and DD make up approximately 10.1% of the underlying holdings of XLB.
|
Among large Materials stocks, Nucor Corp. (Symbol: NUE) and DuPont (Symbol: DD) are the most notable, showing a loss of 2.4% and 1.9%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is down 0.6% in midday trading, and up 21.59% on a year-to-date basis. Combined, NUE and DD make up approximately 10.1% of the underlying holdings of XLB.
|
2bd93ca3-d9a5-4259-8977-29c044c76233
|
716334.0
|
2019-12-11 00:00:00 UTC
|
DuPont To Acquire Desalitech, Financial Terms Not Disclosed - Quick Facts
|
DD
|
https://www.nasdaq.com/articles/dupont-to-acquire-desalitech-financial-terms-not-disclosed-quick-facts-2019-12-11
|
nan
|
nan
|
(RTTNews) - DuPont (DD) announced Wednesday it has signed an agreement to acquire Desalitech Ltd., a closed circuit reverse osmosis (CCRO) company. The transaction is expected to close in January 2020, subject to customary closing conditions and regulatory approvals. Financial terms of the agreement were not disclosed.
DuPont is a leader in water purification and separation technology including ultrafiltration, reverse osmosis and ion exchange resins.
This acquisition in the high-growth water purification space reinforces DuPont's strategic intent to provide a robust portfolio of technologies to meet customers' current and future challenges while advancing its corporate commitment to sustainability.
Each of the acquisitions announced this year, including Desalitech, supports DuPont's strategy to drive growth and innovation through access to new manufacturing capabilities, geographies and technologies.
Desalitech's globally patented and unique process technology, using standardized design and operated using proprietary software, enhances DuPont's portfolio with a compelling offering to further reduce the lifecycle cost of water purification and reuse.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
(RTTNews) - DuPont (DD) announced Wednesday it has signed an agreement to acquire Desalitech Ltd., a closed circuit reverse osmosis (CCRO) company. This acquisition in the high-growth water purification space reinforces DuPont's strategic intent to provide a robust portfolio of technologies to meet customers' current and future challenges while advancing its corporate commitment to sustainability. Each of the acquisitions announced this year, including Desalitech, supports DuPont's strategy to drive growth and innovation through access to new manufacturing capabilities, geographies and technologies.
|
(RTTNews) - DuPont (DD) announced Wednesday it has signed an agreement to acquire Desalitech Ltd., a closed circuit reverse osmosis (CCRO) company. DuPont is a leader in water purification and separation technology including ultrafiltration, reverse osmosis and ion exchange resins. Each of the acquisitions announced this year, including Desalitech, supports DuPont's strategy to drive growth and innovation through access to new manufacturing capabilities, geographies and technologies.
|
(RTTNews) - DuPont (DD) announced Wednesday it has signed an agreement to acquire Desalitech Ltd., a closed circuit reverse osmosis (CCRO) company. This acquisition in the high-growth water purification space reinforces DuPont's strategic intent to provide a robust portfolio of technologies to meet customers' current and future challenges while advancing its corporate commitment to sustainability. Desalitech's globally patented and unique process technology, using standardized design and operated using proprietary software, enhances DuPont's portfolio with a compelling offering to further reduce the lifecycle cost of water purification and reuse.
|
(RTTNews) - DuPont (DD) announced Wednesday it has signed an agreement to acquire Desalitech Ltd., a closed circuit reverse osmosis (CCRO) company. The transaction is expected to close in January 2020, subject to customary closing conditions and regulatory approvals. Financial terms of the agreement were not disclosed.
|
1b02964c-c079-405d-953c-a04104152c78
|
716335.0
|
2019-11-26 00:00:00 UTC
|
Is The Market Pricing Corning's Stock Fairly?
|
DD
|
https://www.nasdaq.com/articles/is-the-market-pricing-cornings-stock-fairly-2019-11-27
|
nan
|
nan
|
Corning Incorporated (NYSE: GLW) specializes in specialty glass, ceramics and related materials, besides technologies like advanced optics, primarily for industrial and scientific applications. Trefis has a price estimate of $32 for Corningâs Stock, which is 10% ahead of the current market price. Our price estimate takes into account the latest earnings as well as the updated guidance. We have detailed the key components of Corningâs valuation in an interactive dashboard, along with our forecast for full-year 2019.
Corning posted a better-than-expected performance in Q3 2019 with core sales of $2.9 billion, down 2% y-o-y, even as core EPS slid 14% to $0.44 y-o-y as a result of sales decline for its Optical Communication and Display Technologies segments. However, Corning continued to achieve steady growth in its Specialty Materials, Life Sciences, and Environmental Technologies segments.
Below we provide a detailed explanation of the key factors that impact the companyâs valuation:
#1 Optical Communication Segment Will Report Year-Over-Year Decline In Revenues
Optical Communications is the companyâs largest segment-accounting for more than one-third of the companyâs revenues. After delivering strong performance in the first two quarters of 2019, the segmentâs revenue declined by 10% y-o-y in Q3 2019 to $1 billion.
This decline can be attributed to overall market weakness driven by reduced customer project spending – primarily in carrier networks.
We expect the segmentâs revenue to decline 3% for the full year to $4 billion primarily due to capital spending reductions in both the carrier and enterprise markets.
#2 Environmental Technologies Segment Will Continue To Achieve Steady Growth
Environmental Technologies segment delivered a strong performance in Q3, with net sales surging 20% y-o-y to $397 million thanks to accelerating adoption of gasoline particulate filters (GPFs) and due to growth in heavy-duty diesel.
GPFs demand continues to remain strong in the European countries owing to the adoption of the stringent European emission standards by auto manufacturers. Corning expects to double its sales to the auto industry by 2023.
Notably, though, Corning will continue to invest in its GPF business which will weigh on the segment’s profitability in the short-term but should result in greater sales and profit growth in the medium- and long-term.
Taking all this into account, this segment looks poised for strong growth in the coming years.
#3 Specialty Materialsâ Growth Likely To Slow Down
Specialty Materials had a rather soft Q3 2019
Revenues increased just 1% y-o-y to $463 million mainly driven by a steady demand for the company’s portfolio of mobile consumer electronics glass solutions.
However, overall sales growth of the segment has been muted due to lower Gorilla Glass shipments to China – something that can be attributed to the ongoing trade-tension between the US and China.
Moreover, advanced optic sales have also slowed down due to semiconductor market weakness.
Taking all this into consideration, we expect the segmentâs revenues to grow in the low single-digit range in 2019 as opposed to an average growth rate exceeding 10% achieved over 2016-18.
Additional details about trends in Corningâs Display Technology, Life Sciences and Other segments are available in our interactive dashboard.
Per Trefis estimates, Corning’s adjusted EPS for 2019 is likely to be $1.73. Taken together with a P/E multiple of 18.4x, this works to a fair value of $32 for Corningâs stock which is about 10% ahead of the current market price.
We also highlight how Corningâs P/E multiple has trended over the years, and compare this key metric with that for its peers 3M and DuPont in our interactive dashboard.
Whatâs behind Trefis? See How itâs Powering New Collaboration and What-Ifs
For CFOs and Finance Teams | Product, R&D, and Marketing Teams
More Trefis Data
Like our charts? Explore example interactive dashboards and create your own.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Additional details about trends in Corningâs Display Technology, Life Sciences and Other segments are available in our interactive dashboard. Corning Incorporated (NYSE: GLW) specializes in specialty glass, ceramics and related materials, besides technologies like advanced optics, primarily for industrial and scientific applications. Our price estimate takes into account the latest earnings as well as the updated guidance. We have detailed the key components of Corningâs valuation in an interactive dashboard, along with our forecast for full-year 2019.
|
Additional details about trends in Corningâs Display Technology, Life Sciences and Other segments are available in our interactive dashboard. Corning posted a better-than-expected performance in Q3 2019 with core sales of $2.9 billion, down 2% y-o-y, even as core EPS slid 14% to $0.44 y-o-y as a result of sales decline for its Optical Communication and Display Technologies segments. However, Corning continued to achieve steady growth in its Specialty Materials, Life Sciences, and Environmental Technologies segments.
|
Additional details about trends in Corningâs Display Technology, Life Sciences and Other segments are available in our interactive dashboard. Corning posted a better-than-expected performance in Q3 2019 with core sales of $2.9 billion, down 2% y-o-y, even as core EPS slid 14% to $0.44 y-o-y as a result of sales decline for its Optical Communication and Display Technologies segments. However, Corning continued to achieve steady growth in its Specialty Materials, Life Sciences, and Environmental Technologies segments.
|
Additional details about trends in Corningâs Display Technology, Life Sciences and Other segments are available in our interactive dashboard. Our price estimate takes into account the latest earnings as well as the updated guidance. We have detailed the key components of Corningâs valuation in an interactive dashboard, along with our forecast for full-year 2019. Corning posted a better-than-expected performance in Q3 2019 with core sales of $2.9 billion, down 2% y-o-y, even as core EPS slid 14% to $0.44 y-o-y as a result of sales decline for its Optical Communication and Display Technologies segments.
|
e375c864-f437-4660-9c78-2c9b9c766522
|
716336.0
|
2019-11-25 00:00:00 UTC
|
Reminder - DuPont (DD) Goes Ex-Dividend Soon
|
DD
|
https://www.nasdaq.com/articles/reminder-dupont-dd-goes-ex-dividend-soon-2019-11-25
|
nan
|
nan
|
Looking at the universe of stocks we cover at Dividend Channel, on 11/27/19, DuPont (Symbol: DD) will trade ex-dividend, for its quarterly dividend of $0.30, payable on 12/13/19. As a percentage of DD's recent stock price of $66.06, this dividend works out to approximately 0.45%.
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from DD is likely to continue, and whether the current estimated yield of 1.82% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of DD shares, versus its 200 day moving average:
Looking at the chart above, DD's low point in its 52 week range is $62.87 per share, with $84.775 as the 52 week high point — that compares with a last trade of $66.36.
In Monday trading, DuPont shares are currently 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.
|
As a percentage of DD's recent stock price of $66.06, this dividend works out to approximately 0.45%. In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from DD is likely to continue, and whether the current estimated yield of 1.82% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of DD shares, versus its 200 day moving average: Looking at the chart above, DD's low point in its 52 week range is $62.87 per share, with $84.775 as the 52 week high point — that compares with a last trade of $66.36.
|
As a percentage of DD's recent stock price of $66.06, this dividend works out to approximately 0.45%. 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 $62.87 per share, with $84.775 as the 52 week high point — that compares with a last trade of $66.36. Looking at the universe of stocks we cover at Dividend Channel, on 11/27/19, DuPont (Symbol: DD) will trade ex-dividend, for its quarterly dividend of $0.30, payable on 12/13/19.
|
Looking at the universe of stocks we cover at Dividend Channel, on 11/27/19, DuPont (Symbol: DD) will trade ex-dividend, for its quarterly dividend of $0.30, payable on 12/13/19. In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from DD is likely to continue, and whether the current estimated yield of 1.82% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of DD shares, versus its 200 day moving average: Looking at the chart above, DD's low point in its 52 week range is $62.87 per share, with $84.775 as the 52 week high point — that compares with a last trade of $66.36.
|
As a percentage of DD's recent stock price of $66.06, this dividend works out to approximately 0.45%. In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from DD is likely to continue, and whether the current estimated yield of 1.82% on annualized basis is a reasonable expectation of annual yield going forward. Looking at the universe of stocks we cover at Dividend Channel, on 11/27/19, DuPont (Symbol: DD) will trade ex-dividend, for its quarterly dividend of $0.30, payable on 12/13/19.
|
a80cb54e-0d19-40e7-b77b-f8e2a8192076
|
716337.0
|
2019-11-15 00:00:00 UTC
|
Friday Sector Laggards: Utilities, Materials
|
DD
|
https://www.nasdaq.com/articles/friday-sector-laggards%3A-utilities-materials-2019-11-15
|
nan
|
nan
|
Looking at the sectors faring worst as of midday Friday, shares of Utilities companies are underperforming other sectors, not showing much of a gain. Within the sector, CenterPoint Energy, Inc (Symbol: CNP) and Xcel Energy Inc (Symbol: XEL) are two large stocks that are lagging, showing a loss of 4.8% and 1.2%, respectively. Among utilities ETFs, one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is up 0.1% on the day, and up 21.22% year-to-date. CenterPoint Energy, Inc, meanwhile, is down 6.97% year-to-date, and Xcel Energy Inc is up 25.36% year-to-date. Combined, CNP and XEL make up approximately 5.4% of the underlying holdings of XLU.
The next worst performing sector is the Materials sector, higher by 0.1%. Among large Materials stocks, DuPont (Symbol: DD) and Mohawk Industries, Inc. (Symbol: MHK) are the most notable, showing a loss of 2.3% and 1.9%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is flat on the day in midday trading, and up 21.36% on a year-to-date basis. DuPont, meanwhile, is down 38.32% year-to-date, and Mohawk Industries, Inc. is up 20.10% year-to-date. DD makes up approximately 7.6% of the underlying holdings of XLB.
Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom:
Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Friday. As you can see, eight sectors are up on the day, while none of the sectors are down.
25 Dividend Giants Widely Held By ETFs »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is flat on the day in midday trading, and up 21.36% on a year-to-date basis. Looking at the sectors faring worst as of midday Friday, shares of Utilities companies are underperforming other sectors, not showing much of a gain. Among large Materials stocks, DuPont (Symbol: DD) and Mohawk Industries, Inc. (Symbol: MHK) are the most notable, showing a loss of 2.3% and 1.9%, respectively.
|
Among large Materials stocks, DuPont (Symbol: DD) and Mohawk Industries, Inc. (Symbol: MHK) are the most notable, showing a loss of 2.3% and 1.9%, respectively. Looking at the sectors faring worst as of midday Friday, shares of Utilities companies are underperforming other sectors, not showing much of a gain. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is flat on the day in midday trading, and up 21.36% on a year-to-date basis.
|
One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is flat on the day in midday trading, and up 21.36% on a year-to-date basis. Looking at the sectors faring worst as of midday Friday, shares of Utilities companies are underperforming other sectors, not showing much of a gain. Among large Materials stocks, DuPont (Symbol: DD) and Mohawk Industries, Inc. (Symbol: MHK) are the most notable, showing a loss of 2.3% and 1.9%, respectively.
|
Looking at the sectors faring worst as of midday Friday, shares of Utilities companies are underperforming other sectors, not showing much of a gain. Among large Materials stocks, DuPont (Symbol: DD) and Mohawk Industries, Inc. (Symbol: MHK) are the most notable, showing a loss of 2.3% and 1.9%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is flat on the day in midday trading, and up 21.36% on a year-to-date basis.
|
5ffb904d-a0b4-432d-a40b-4331ae821f27
|
716338.0
|
2019-11-13 00:00:00 UTC
|
Wednesday Sector Laggards: Energy, Materials
|
DD
|
https://www.nasdaq.com/articles/wednesday-sector-laggards%3A-energy-materials-2019-11-13
|
nan
|
nan
|
The worst performing sector as of midday Wednesday is the Energy sector, showing a 1.3% loss. Within that group, Hess Corp (Symbol: HES) and Devon Energy Corp. (Symbol: DVN) are two large stocks that are lagging, showing a loss of 4.6% and 3.4%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (Symbol: XLE), which is down 0.8% on the day, and up 6.77% year-to-date. Hess Corp, meanwhile, is up 71.06% year-to-date, and Devon Energy Corp., is down 2.93% year-to-date. Combined, HES and DVN make up approximately 2.5% of the underlying holdings of XLE.
The next worst performing sector is the Materials sector, showing a 0.9% loss. Among large Materials stocks, Mosaic Co (Symbol: MOS) and DuPont (Symbol: DD) are the most notable, showing a loss of 5.7% and 3.5%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is down 0.7% in midday trading, and up 20.50% on a year-to-date basis. Mosaic Co , meanwhile, is down 32.01% year-to-date, and DuPont, is down 36.84% year-to-date. Combined, MOS and DD make up approximately 8.7% of the underlying holdings of XLB.
Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom:
Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Wednesday. As you can see, one sector is up on the day, while seven sectors are down.
25 Dividend Giants Widely Held By ETFs »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Combined, MOS and DD make up approximately 8.7% of the underlying holdings of XLB. The worst performing sector as of midday Wednesday is the Energy sector, showing a 1.3% loss. Among large Materials stocks, Mosaic Co (Symbol: MOS) and DuPont (Symbol: DD) are the most notable, showing a loss of 5.7% and 3.5%, respectively.
|
Among large Materials stocks, Mosaic Co (Symbol: MOS) and DuPont (Symbol: DD) are the most notable, showing a loss of 5.7% and 3.5%, respectively. The worst performing sector as of midday Wednesday is the Energy sector, showing a 1.3% loss. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is down 0.7% in midday trading, and up 20.50% on a year-to-date basis.
|
One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is down 0.7% in midday trading, and up 20.50% on a year-to-date basis. The worst performing sector as of midday Wednesday is the Energy sector, showing a 1.3% loss. Among large Materials stocks, Mosaic Co (Symbol: MOS) and DuPont (Symbol: DD) are the most notable, showing a loss of 5.7% and 3.5%, respectively.
|
The worst performing sector as of midday Wednesday is the Energy sector, showing a 1.3% loss. Among large Materials stocks, Mosaic Co (Symbol: MOS) and DuPont (Symbol: DD) are the most notable, showing a loss of 5.7% and 3.5%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is down 0.7% in midday trading, and up 20.50% on a year-to-date basis.
|
5d35527d-cffb-491e-8512-67453efd9f59
|
716339.0
|
2019-11-04 00:00:00 UTC
|
3 Big Stock Charts for Monday: Visa, Occidental Petroleum, and DuPont
|
DD
|
https://www.nasdaq.com/articles/3-big-stock-charts-for-monday%3A-visa-occidental-petroleum-and-dupont-2019-11-04
|
nan
|
nan
|
Both the S&P 500 and the NASDAQ Composite closed at all-time highs on Friday. The Dow Jones Industrial Average is just a few points away. Earnings season clearly impressed investors, moving broad indices out of a range that had held for months.
Source: Shutterstock
But not every sector has joined in the gains. Value stocks are , but growth names still lead the market. High-quality names like Procter & Gamble (NYSE:) and Home Depot (NYSE:) are at record valuations, but the likes of McDonald’s (NYSE:) and Walmart (NYSE:) have seen modest pullbacks.
And so even in a market at the highs, there are opportunities out there. Monday’s big stock charts highlight three of those opportunities. All three stocks have potentially bullish technical setups. In all three instances, there’s a strong fundamental case for upside as well.
Visa (V)
For years now, it’s been tough to call out Visa (NYSE:) as one of the market’s big stock charts. Indeed, there’s been little need to look at the V stock chart.
Visa stock has been one of the market’s best: it has risen more than 300% since the beginning of 2013. Not only has V stock gained, it has moved consistently up and to the right.
Like the market as a whole, the stock sold off in last year’s fourth quarter. But that aside, an investor has to go all the way back to 2014 to find a period during which Visa stock traded even sideways for a prolonged stretch.
V stock has been rangebound for almost four months now, but a recent rally seems likely to continue:
V stock has busted out of a brief downtrend. In addition, it has moved nicely through moving averages. This seems like an obvious breakout, with the potential to get at least to September (and all-time) highs of $187.
Occidental Petroleum (OXY)
On its face, Occidental Petroleum (NYSE:) looks like a dangerous stock at the moment. There’s a clear “falling knife” sense to the second of our big stock charts. OXY has fallen almost 40% since April.
Looking closer — both fundamentally and technically — there’s an intriguing, if contrarian, case for OXY stock at the moment:
DuPont (DD)
DuPont du Nemours (NYSE:), too, has been a disappointing investment of late. Even with a 5.7% rally on Friday after the company’s third-quarter earnings report, DD stock is down 19% from its 52-week high. The stock has gone almost straight down since the merger of DuPont and Dow Chemical, and the subsequent split into the new DuPont, Dow Inc. (NYSE:) and Corteva (NYSE:).
But the third of our big stock charts highlights a potential opportunity:
As of this writing, Vince Martin has no positions in any securities mentioned.
The post 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.
|
In addition, it has moved nicely through moving averages. Looking closer — both fundamentally and technically — there’s an intriguing, if contrarian, case for OXY stock at the moment: DuPont (DD) DuPont du Nemours (NYSE:), too, has been a disappointing investment of late. Even with a 5.7% rally on Friday after the company’s third-quarter earnings report, DD stock is down 19% from its 52-week high.
|
Looking closer — both fundamentally and technically — there’s an intriguing, if contrarian, case for OXY stock at the moment: DuPont (DD) DuPont du Nemours (NYSE:), too, has been a disappointing investment of late. In addition, it has moved nicely through moving averages. Even with a 5.7% rally on Friday after the company’s third-quarter earnings report, DD stock is down 19% from its 52-week high.
|
Looking closer — both fundamentally and technically — there’s an intriguing, if contrarian, case for OXY stock at the moment: DuPont (DD) DuPont du Nemours (NYSE:), too, has been a disappointing investment of late. In addition, it has moved nicely through moving averages. Even with a 5.7% rally on Friday after the company’s third-quarter earnings report, DD stock is down 19% from its 52-week high.
|
Looking closer — both fundamentally and technically — there’s an intriguing, if contrarian, case for OXY stock at the moment: DuPont (DD) DuPont du Nemours (NYSE:), too, has been a disappointing investment of late. In addition, it has moved nicely through moving averages. Even with a 5.7% rally on Friday after the company’s third-quarter earnings report, DD stock is down 19% from its 52-week high.
|
9cb2394b-9968-4e2e-afda-d77e46a572d0
|
716340.0
|
2019-10-31 00:00:00 UTC
|
DuPont de Nemours Inc (DD) Q3 2019 Earnings Call Transcript
|
DD
|
https://www.nasdaq.com/articles/dupont-de-nemours-inc-dd-q3-2019-earnings-call-transcript-2019-10-31
|
nan
|
nan
|
Image source: The Motley Fool.
DuPont de Nemours Inc (NYSE: DD)
Q3 2019 Earnings Call
Oct 31, 2019, 8:00 a.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Good day. And welcome to the DuPont Third Quarter 2019 Earnings Call. Today's conference is being recorded. And at this time, I would like to turn the conference over to, Lori Koch. Please go ahead.
Lori Koch -- Director of Investor Relations
Good morning, everyone. Thank you for joining us for DuPont's Third Quarter 2019 Earnings 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 to the Investor section of DuPont's website and through the link to our webcast. Joining me on the call today are Marc Doyle, Chief Executive Officer; Jean Desmond, our Chief Financial Officer; and Ed Breen, Executive Chair.
Please read the forward-looking statement disclaimer contained in the slide. During our call, we will make forward-looking statements regarding our expectations or predictions about the future. 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 second quarter Form 10-Q as may be modified by our subsequent periodic and current reports includes a detailed discussion of principal risks and uncertainties, which may cause such differences. We will also refer to non-GAAP measures, a reconciliation to the most directly comparable GAAP financial measure and other associated disclosures are contained in our press release and posted on the Investors section of our website.
I'll now turn the call over to Marc.
Marc Doyle -- Chief Executive Officer
Thanks, Lori. And good morning everyone. Starting on slide 2, we delivered organic sales and adjusted EPS in line with our expectations by staying focused on our competitive strength and the earnings drivers within our control. Although our operating EBITDA was slightly below our forecast, primarily due to unanticipated currency headwinds, we were able to maintain gross margins and continue to expand our EBITDA margins even as the US dollar strengthened and several of our key end markets remain challenged.
We enabled this performance through continued price improvement, driving our synergy savings, and advancing our restructuring program. Combined, these actions delivered an additional $145 million of savings this quarter and we are on track to deliver greater than $500 million for the full year. Our team is laser-focused on these priority initiatives, as we continue to navigate the macro uncertainties. Turning to slide 3, our volumes continued to be impacted by the slowdown in both the automotive and semiconductor end markets, that is also affecting many of our peers. However, there are still many exciting areas within our portfolio, such as water and Pharma that continue to post strong results. All in, global sales of $5.4 billion were in line with expectations, at down about 2% on an organic basis.
Organic sales in our core segments were down about 1.5%. As noted, while we are seeing continued weakness in a few end markets, there are many bright spots in our portfolio that are performing very well. Highlights here are, aerospace in T&I and S&C, pharma and plant-based foods in N&B, water in S&C, and premium smartphones in E&I, which in total account for approximately 15% of our sales, and were up 7% in aggregate versus the prior year.
In smartphones, a market that continues to face challenges, our ability to deliver higher content in the newer models enabled our Interconnect Solutions business to deliver 8% higher revenue in the quarter versus prior year, a marked improvement from the first half when sales were down 10%. This outcome demonstrates the value of our innovation engine and the power of our close customer relationships. Our reputation for working closely with our customers to deliver the technology they require sets us apart and enables us to drive pricing and demand in a rapidly changing market like smartphones.
Our more sluggish markets of automotive and semiconductor are experiencing negative growth year-over-year. These areas, which account for a little more than 20% of our portfolio were down 11% and 3% respectively. We believe de-stocking in semiconductors is now behind us, and we're starting to see indications of stabilization in automotive channel inventories. I am confident our businesses will ultimately outperform driven by their strong position and broad technology portfolios to address key trends, such as hybrid and electric vehicles, and the transition to 5G and enabling the Internet of Things.
Regionally, organic sales were flat in the US and Canada, down 3% in EMEA, down 4% in Asia-Pacific, and down 4% in Latin America. Weakened automotive end markets continue to drive the declines in both Asia-Pacific and EMEA. However, total sales in China, the market which turned down sharply for us last December, posted its strongest results this year, and were down year-over-year in the quarter by 2% versus down 10% in Q1, and 3% in Q2, each versus the same period last year. Definitely an improving trend for us.
Turning to slide 4, adjusted EPS was up 2% on a pro forma basis versus the prior year. As noted, currency was a headwind in the quarter, reducing EPS by $0.03. Our segment results, excluding the impact of currency were a net $0.02 headwind to adjusted EPS, while depreciation and amortization, and a lower share count both contributed to our EPS growth.
To provide a little more color on our segment results, I'll cover some of the key operating EBITDA drivers. Operating EBITDA of $1.4 billion was down 4% versus the prior year period. We again delivered operating leverage further demonstrating our ability to drive price, and operating efficiencies amid challenging market conditions. We delivered operating EBITDA margin improvement of 20 basis points versus the prior year.
Our strong price and cost discipline was partially offset by a weaker mix with volumes in our higher margin businesses primarily semiconductor technologies, posting softer results in the quarter. We also experienced higher manufacturing costs driven by planned maintenance activity primarily in the Safety & Construction segment as well as lower production rates driven by weakened volumes in our T&I and non-core segments.
Before I turn the call over to Jean, to discuss the quarter and further detail, I'll cover our full year guidance on slide 5. For the full year, our expectation for organic sales remains unchanged at slightly down. Our forecast for total annual sales including the impact of currency and portfolio is about $21.5 billion. We are narrowing our adjusted EPS range of $3.75 to $3.85 per share to $3.77 to $3.82 per share maintaining the midpoint of the prior guidance. This adjustment reflects second half currency headwinds of approximately $45 million versus our original expectations.
In the appendix, we provide segment level commentary as well as some additional modeling guidance. Overall, I am confident in our ability to adapt as market conditions evolve, while continuing to make smart high return investments to enhance our portfolio. A relentless attention to cost and pricing discipline coupled with the benefits of our ongoing investments in innovation will deliver bottom line growth when market conditions improve. Our focus on driving improvements in ROIC is the right mindset for the long-term strength of the company, and every part of the organization is committed. We are working all the levers in our control to deliver on our earnings commitments and drive shareholder value.
I'll now turn the call over to Jean, to discuss the segment results.
Jeanmarie Desmond -- Chief Financial Officer
Thanks, Marc. Starting with Electronics & Imaging on slide 6. Net sales of $934 million, and operating EBITDA of $320 million were in line with our expectations, and demonstrate that the second half improvement, we have been forecasting got off to a solid start in the third quarter. Sales in China for the segment were up nearly 30% versus the year-ago period, reflecting a second straight quarter of sales growth. This result was partially enabled by higher content in the next generation smartphones.
Our Semiconductor Technology business was down low-single digits versus the year-ago period, but was up mid single digits versus the second quarter. We believe this sequential improvement indicates that the softness we saw in Semiconductor Technologies in the second quarter due to high channel inventories is resolving, and our current expectation is that the semiconductor market recovery will continue returning to growth during 2020. Operating EBITDA margins for the segment were flat at 34%. Softer volumes in Semiconductor Technologies, our highest margin business was a headwind to segment margins. This headwind was offset by a gain associated with the planned asset sale.
Moving to Nutrition & Biosciences on slide 7. Momentum in our Nutrition & Biosciences segment continued with another quarter of organic sales growth. A strength of our N&B portfolio is its spread, which enabled low single digit organic growth amid well documented near-term market driven softness in biorefineries and probiotics. Third quarter organic growth was led by food and beverage volume gains, which were driven by strength in specialty proteins and cellulosic from growing demand in plant-based meat.
Other highlights included high single digit organic growth in Pharma Solutions as well as strength in the food enzymes and animal nutrition business within Health & Biosciences. We continue to be a market leader in probiotics, and remain confident in the long-term growth of this business. We expect the probiotics growth will continue to be fueled from Asia-Pacific, where current market penetration is low as compared to other regions that's growing steadily. September year-to-date, probiotics in Asia Pacific has grown double digits. Operating EBITDA margins in Nutrition & Biosciences are essentially flat with the prior year.
Transportation & Industrial reported net sales of $1.2 billion, down 10% on an organic basis, with a 1% price improvement more than offset by an 11% volume decline. Our results reflect continued demand softness and destocking in the global automotive market, and weak electronics volumes. While global auto builds remained relatively steady with last quarter from a year-over-year perspective, inventory de-stocking continue to negatively impact our results.
We are pleased that we maintain pricing strength in the quarter versus the prior year, but we anticipate that the rebalancing of the Nylon 66 supply chain will influence pricing and volumes as we look to the remainder of the year. Operating EBITDA declined 20% versus the prior year-ago period, with pricing gains and cost reductions, more than offset by the impact from lower volumes and currency headwinds.
Turning to the results of Safety & Construction, on slide 9. Net sales of $1.3 billion were up 2% on an organic basis. Operating EBITDA of $352 million was up 1%. Continued pricing strength and productivity actions drove operating EBITDA margins up 80 basis points versus the prior year.
Year-to-date, operating EBITDA margins are up 370 basis points. Our top line results were consistent with the second quarter. We realized pricing gains across all businesses, which is now our seventh consecutive quarter of pricing gains in S&C. Likewise, strength in Water Solutions, where we continue to see strong demand in industrial and waste water treatment market was offset by softness in North American construction end markets.
Demand for our Safety Solutions segment remains robust but was negatively impacted by planned maintenance activity as well as outages at some of our key raw material suppliers, causing us to have to curtail aramid production. S&C continues to improve their cost structure and has raised their operating EBITDA margins above the company average. A commitment to value in used pricing and a relentless focus on productivity is driving EBITDA margin improvement.
Turning to the balance sheet on slide 10, you'll see that our net debt has remained relatively consistent at $15.5 billion, with slightly higher commercial paper balances, which we expect to reduce by year end, offset by higher cash balances as of September 30. As I've said before, our capital structure has been in place for several quarters now, and we feel good about our position. It provides us with the flexibility we need, while maintaining our investment grade rating.
You can also see the improvement we have driven in working capital in the quarter. Both accounts receivable and inventories are down as compared to June 30, providing working capital benefit. This is slightly offset by lower accounts payable balances. Capitalizing on our working capital opportunity remains a focus area for us. Our working capital levels did rise coming out of separation, but I'm pleased with the progress we've made this quarter and expect additional improvements in this area.
The gains from working capital improvement, and well controlled capital spending enabled us to exceed our free cash flow conversion target of greater than 90% for the quarter. We also made additional progress on our share buyback program. Repurchases now totaled $600 million since June 1, and you can anticipate a similar pace through the end of the year. To date, we've returned greater than $800 million to shareholders.
Let me close with a few comments on ROIC. We remain on track to deliver meaningful ROIC improvement since the portfolio came together. More importantly however, is a mindset shift of the organization, which has now returned focus. Our major capital and R&D spending is appropriately derisked, our teams understand the importance of ensuring these dollars strengthen the bottom line, and improve ROIC.
I'll now turn the call over to Ed.
Edward Breen -- Executive Chairman
Thanks, Jean. I continue to be impressed by our team's ability to advance its strategic priorities in tough market conditions. They have stayed relentlessly focused on execution, and it is visible in our results. At the same time, I want to emphasize that we are well aware of the value creation potential inherent in this portfolio.
We are actively pursuing strategic portfolio transactions that will drive increased shareholder returns, and sustainable long-term growth. We also continue to refine the portfolio, even as we assess more significant portfolio reconfiguration. This past quarter, we completed the sale of the Sustainable Solutions business from the non-core segment, and in Q2, we completed the sale of the natural colors business from N&B.
Those divestments had lower margin profiles than their segments and the total company average. Additionally, we announced the planned divestment of the silicon carbide business in E&I for $450 million in cash. Once we close, we will use the net proceeds in a way, which further enhance the shareholder value. We continue to look for opportunities to monetize our non-core businesses, and we plan to make significant progress over the coming quarters.
We are also looking for bolt-on acquisitions targets to further strengthen our high growth industry-leading businesses. Recently, we announced the intention to make two strategic acquisitions in our Water Solutions business, an area of significant growth opportunity. By enhancing our capabilities in ultrafiltration, we are building on an already strong position with additional capabilities, and value-added solutions that will drive top line growth.
Water is a vital end market, driven by significant demand trends and our portfolio is advantaged in this space, as evidenced by our 6% organic growth during Q3. Overall, we are focused on both organic and inorganic growth opportunities.
Before we turn to Q&A, I want to address a couple of areas that I know were on your mind, the PFAS litigation and the Chemours suit. PFAS is a broad term that covers a variety of substances including PFOA and PFOS. For your information, the firefighting foam touts relate largely to PFOS, a chemical of the Chemours and we including Historical DuPont never made. The same is true for firefighting foam. As to the PFAS matters themselves, we feel these liabilities are well managed and we have every confidence in our position. As a testament to that, we have passed the second year of the five-year sharing agreement with Chemours, and we still haven't paid $0 to them.
As to the Chemours suit, the spin off of Heritage DuPont's Performance Chemicals business into Chemours comply with all applicable legal requirements and followed standard practices relating to such transactions. And we are confident in our position.
Earlier this month, Chemours filed a response, which implies that the historical DuPont Board did not intend for Chemours indemnification liability to be uncapped. This is simply wrong. The materials reviewed with the historic DuPont Board in the June 15 meeting at which the spin was unanimously approved clearly and unequivocally state that the indemnification liabilities are uncapped.
In addition to the Board materials, there are numerous other documents, which clearly show that the liabilities are uncapped. Furthermore, Chemours itself reaffirmed the separation agreement as part of the 2017 Amendment, which undoubtedly states the liabilities were to be uncapped. As you know, Corteva and DuPont jointly filed a motion to dismiss the complaints because this matter belongs in arbitration as provided in the Chemours separation agreement.
We will file our final response in early November after which the court will respond to our request for dismissal. If there are additional questions on this, we can discuss this further during the Q&A section of the call. In closing, our results illustrate our commitment to our key principles, the fundamental value of deep customer relationships, our ongoing investments in innovation and optimizing the efficiency of the organization.
The team continue to stay laser focus on executing against these priorities to deliver increased value to our shareholders. I'll now turn it over to Lori to open up the Q&A.
Lori Koch -- Director of Investor Relations
Thank you, Ed. With that, let's move on to your questions. First, 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 per person. Operator, please provide the Q&A instructions.
Questions and Answers:
Operator
Thank you. [Operator Instructions] We will take our first question from Jeff Sprague with Vertical Research Partners. Please go ahead.
Jeff Sprague -- Jeff SpragVertical Research Partners -- Analyst
Thank you. Good morning, everyone. Ed, thanks for the comments on the broader portfolio and the like. Also I was just curious that in addition to what you've identified as non-core, right, you've got kind of a number of things that are still sitting in the segments and kind of coming out, and without identifying businesses perhaps, but can you give us a sense of how much revenue might actually be sitting in the four segments is kind of 'ongoing business' that really hasn't met that threshold in your view?
Edward Breen -- Executive Chairman
Yes, it's very small. We did sell a business you saw recently that had not been in non-core. We got a nice price for it. It wasn't a strategic to us. There is a couple of more things like that. But generally speaking, Marc, Jean and the team are really focused on moving out the non-core, every one of them is in motion. You've seen, we've made a few announcements already, but every one of them is actively being worked at this time. So that's the heavier lift is to get that done. Get the cash in, so we can redeploy it smartly for our shareholders. And then just to reiterate your opening comment there. Obviously, the team is extremely busy on looking at some transformational moves and I would just say we're in seven day a week work mode right now, if I could say it that way and really looking at that heavily to move a couple of things.
Operator
And we will take our next question from Vincent Andrews with Morgan Stanley. Please go ahead.
Vincent Andrews -- Morgan Stanley -- Analyst
Thank you, and good morning everyone. Maybe if you could just give a little more detail in the electronics piece particularly as it relates to the smartphones and the good sell that you're seeing, how much of that is really related to just, there's more content of your products in the phones versus there has to be sort of an inventory load of these phones or maybe greater production to build into the channel. So I guess what I'm asking is, how long and how sustainable is this strong sales trend and ultimately do you have a difficult comparison against it?
Marc Doyle -- Chief Executive Officer
Yeah. Thanks, Vince. And this is Marc. I'll take that one. You're right, it's a combination of builds for the new phones and higher content in the new phones that's driving the kind of half over half sales increase, most of which hits our ICS segment, Interconnect Solutions in E&I. And we view that, so what's really happening here is as the phone start to become more 5G enabled, there are more high frequency materials inside, including antennas that pick up the signals and we have a number of products that go into there, including some next generation Kapton-based laminate materials, and that's expected to continue to grow through 2020-2021 as more and more of the new phone models have these antennas and these higher frequency capabilities. And so while it's, it's a nice growth driver in the second half of this year, we do expect it to continue for several years and just to bring it back to the new Kapton line, we announced a couple of quarters ago, that new Kapton production line, the demand there is largely driven by these trends in 5G for NextGen handsets.
Operator
And next we will hear from Christopher Parkinson with Credit Suisse. Please go ahead.
Christopher Parkinson -- Credit Suisse AG -- Analyst
Thank you. On the outlook for N&B in 2021, there's just been some recent volatility in quarters due to the market based factors, as well as some facility downtime in Pharma. Can you just refresh our memory on your general growth expectations for the components of the N&B portfolio, specifically probiotics, specialty proteins and Pharma Solutions, as well as any key macro variables driving each substrate. Just trying to get a sense of the normalized outlook from both the growth as well as a mix margin perspective. Thank you.
Marc Doyle -- Chief Executive Officer
Yeah, Chris, this is Marc. I'll take that one too. So as you said, there are some good mid-term growth drivers here in N&B and you highlighted a few of the key ones. We continue to have a lot of confidence in the probiotics market as a long-term double-digit growth market. It's driven by new health indications, new products, as well as just the continued penetration of probiotic usage into the nutritional supplements market.
Asia is a huge growth driver for probiotics consumption, growing double-digits. So we like those long-term dynamics. You also mentioned specialty proteins, the whole space around plant-based foods, which is -- or plant-based meats, which is relatively small today from a specialty food ingredient sales standpoint for us, less than $100 million. We think that that's got a good long-term double-digit growth trajectory too.
And then you mentioned pharma excipients, and certainly the pharma space is a nice kind of mid single-digit growth space. So, those dynamics are still very solid, they're great long-term growth, secular growth drivers for N&B. I'd also mention, these are higher margin parts of the N&B portfolio. So as they grow, we'll continue to see an uplift on our margins. Thank you.
Operator
And next we will hear from Scott Davis with Melius Research. Please go ahead.
Scott Davis -- Melius Research. -- Analyst
Hi. Good morning.
Edward Breen -- Executive Chairman
Good morning, sir.
Scott Davis -- Melius Research. -- Analyst
I'm glad to be calling in on my first call here. I --
Edward Breen -- Executive Chairman
That's right.
Scott Davis -- Melius Research. -- Analyst
-- for questions. I can get away with it for a while, as a new guy. And I'm kind of intrigued by your comments on, I'm trying to drive this Chemours thing into arbitration. But can you really, can you talk to us about what do you think the timing is, if there is two potential outcomes here. You're going to get an outcome that drove into arbitration. Is that something that can happen in the next 12 months? Or is this all kind of grind to the halt, just with the legal system and its delays, it should inevitably --
Edward Breen -- Executive Chairman
Yeah. Scott, I think you know having been through some of these before and certainly talking with our counsel on this. If it goes to arbitration, which is clearly what the documents say, I think it resolves itself much quicker because that process is just a faster process. So I would think during 2020 that would resolve itself. But the timing by the way, as I mentioned in our prepared remarks, we're filing our final brief in the next seven days here. And there could potentially be oral arguments that would occur. So I wouldn't expect necessarily the judge to rule on this for instance, during the month of November. It's probably out just a little ways, if they happen to go through our arguments, which is not an uncommon thing in this case. So depending that happening, it could be a little bit of time before we hear that, but again I think an arbitration process would be a lot quicker, going through the legal system would be a little bit longer.
So and that's kind of how I would handicap it at this point in time. But by the way, I'm just reiterating, I said this in my comments, but just kind of put an exclamation point on this. I mentioned a few documents with the uncapped language. There is also filings by Chemours, public filings that -- they are signed by their Chairman and CEO that talked about uncapped documents and I would not even venture to tell you how many emails there are in the system that talk about uncapped liabilities. So it's very cut and dry in all the documentation throughout the company.
Operator
And next we'll hear here from Steve Byrne with Bank of America. Please go ahead.
Steve Byrne -- Bank of America -- Analyst
Yes. Yes, thank you. Appreciate the disclosure on the PFAS. You make a comment in here that you've never sold PFOA. I was curious whether in the years that that DuPont manufactured products that PFOA was used in the process. Was it simply a surfactant used as an aid in the manufacturer of a product or was the product derived from it and contained in the product that you sold?
Edward Breen -- Executive Chairman
No, it was used in the process. And remember, look the clarification, I think a lot of this gets blown out of proportion because of articles that are written, and we seem to get our name in a lot of them. But it was, we used it in a manufacturing process in four manufacturing facilities in the US. That's it. We didn't have it in our end products. By the way, the comment I made, where more of the legal issues are, and more of the locations are is firefighting foam. DuPont and Chemours never had anything at all to do with firefighting foam. So, I think people blow it up a little bit more here. But it's literally four locations. Chemours is liable for it and we've been doing ground water remediation in those locations for quite a few years and by the way, it will continue for many years, and by the way, a very key point here, with all the talk around this. The last -- we're two years now as of July 1 into the five year agreement with Chemours, where Chemours pays the first $25 million in a year and then DuPont will ship in the next $25 million, and then after that, it's a Chemours liability.
In two years now, we have not paid a penny, because Chemours has not gone over the $25 million limit. I would also say that we have some things we would like to clean up, we're clearly in close communication with Chemours on this. We have about 64 personal injury claims. You remember, we settled 3,550 of them, all from one location by the way, and we have about I think 64 more there, it'd be nice for us to get those resolved and then we'll continue the ground water remediation at the four locations that I mentioned. So I think we have this thing well contained, well boxed in, and over time, we'll get a couple of these other things cleaned up like the personal injury cases.
Operator
And next we'll hear from David Begleiter with Deutsche Bank. Please go ahead.
David L. Begleiter -- Deutsche Bank -- Analyst
Thank you. Good morning.
Edward Breen -- Executive Chairman
Good morning.
David L. Begleiter -- Deutsche Bank -- Analyst
Ed, does the Chemours loss would have any impact on the timing of the portfolio actions, and I know it's hard to say but any sense we might see the first of these transactions from a timing perspective? Thank you.
Edward Breen -- Executive Chairman
Well, no, the Chemours suit will have no bearing on any strategic actions we take on the portfolio. And look, I can't talk timing, but let me just go back to a comment I made a few minutes ago, where Marc, Jean and me, we're all -- we're in seven day a week mode right now. It feels like back when we were doing stuff of talking to Dow and getting things going. So we're busy, where we know what we want to do and we're pursuing.
Operator
Next we will hear from Jonas Oxgaard with Bernstein. Please go ahead.
Jonas Oxgaard -- Bernstein -- Analyst
Good morning, guys.
Edward Breen -- Executive Chairman
Good morning, Jonas.
Jonas Oxgaard -- Bernstein -- Analyst
I was wondering which Halloween candy you are most exposed to.
Marc Doyle -- Chief Executive Officer
We own some of that candy by the way.
Jonas Oxgaard -- Bernstein -- Analyst
I think it had to be, more realistically. Coming back to the -- to the divestiture of the -- with the wafer business, can you talk a little bit more about the process leading up to this? Is that something that you shopped around where your approach was a strategic review beforehand?
Marc Doyle -- Chief Executive Officer
Yeah Jonas, it's Marc. I'll take that one. And yeah, so like the other non-core divestitures, we've tried to run good disciplined processes. So this was a case where we knew there would be some strategic buyer interest because of the growth in silicon carbide. And so we tried to move as quickly as we could to take advantage of kind of the industry dynamics in that area. And we ran a good process, multiple buyers, the final bidders that one obviously was the best offer that we got.
Operator
And next we will hear from John McNulty with BMO Capital Markets. Please go ahead.
John McNulty -- BMO Capital Markets -- Analyst
Yeah, thanks for taking my question. Thanks for taking my question guys. So on the innovation pipeline that's going to help to keep driving your business better than GDP, I guess, can you give us some thoughts on how that pipeline will contribute in 2020 or put another way, if we have a flat macro environment, how can we be thinking about the organic growth tied to some of the innovation that you are bringing out?
Marc Doyle -- Chief Executive Officer
Yeah, John, it's Marc. I'll take that one. I mean we're really confident in the strength of our innovation pipeline right now and I think honestly, it's never been stronger than it is. We've really focused around a small number of very powerful themes with our innovation spend. We're still spending about -- around about 4% of sales on R&D. Expectations from me for sure that we're going to get more out of that investment than we may be ever have historically. Couple of the big themes that we're spending around auto electrification is one, we've got multiple new product innovations in that space, enabling lightweighting, enabling heat removal from battery packs, enabling miniaturization of electric motors and inverters, lot of high performance materials and that's both new launches and customer qualifications.
We're also spending very aggressively on 5G. We mentioned earlier some of the uptake in antenna materials. Those are based on new product launches that are happening this year. We have some additional new innovations coming in high frequency that will rollout over the next couple of years out of the pipeline. And then maybe a third area I just mentioned is microbiome, the broader space than probiotics is about not just more bacterial strains with new clinical indications, but also how can we attach additional offerings to our probiotics business, which is currently the leading franchise in probiotics, but we're trying to double down and bring out new offerings like additional services, data, prebiotics and more advanced sort of complex formulations that can further sort of double down on the growth in that space. So, I'm really bullish on the pipeline. I'd stay away from giving a specific revenue number for next year until we are ready to roll out our 2020 guidance. But, I think the innovation pipeline is very strong.
Operator
And next we will hear from Bob Koort with Goldman Sachs. Please go ahead.
Bob Koort -- Goldman Sachs -- Analyst
Thank you, good morning. I was wondering if I could ask about margins in your Transportation & Industrial business. It looked like the detrimental margins there were pretty painful on the volume loss. So, I guess a combination question, when would you expect, given the current environment to see those volume comparisons get a little bit more level? And then secondly, what would you think about your incremental margin expansion as volumes come back in that business?
Marc Doyle -- Chief Executive Officer
Yeah, Bob, let me kick it off. This is Marc, and then I'll hand it off if Jean wants to add anything. I'd say, I mean you're certainly right, volumes have been really soft this year, T&I business and in particular the nylons and plastics are relatively lower gross margin businesses. So, there is a significant loss of leverage when the volume soften. Price has been softening too as a result of the weak demand in the industry and so that's also hurting the margins. Yeah, we've talked about this now for a couple of quarters as being not just the weakness in the industry, but also destocking in our channels, which is exacerbating and that's why while the auto market is down mid-single digits, we're down even higher than that. We are expecting that this will stabilize at some point, hard to call based on the uncertainty this year.
But, going into the fourth quarter, we're currently seeing inventory levels, relatively stable in the channel. We're not seeing a pickup in demand, but we are seeing some signs of some sequential improvement. So, September as an example was a pretty good month versus 2019 for us. So again, hard to call. In terms of the actions that we're taking, Jean do you want to --
Jeanmarie Desmond -- Chief Financial Officer
I mean, I think T&I as an example differentially managing our businesses where as you look across the portfolio, you'll see the lowest kind of selling R&D expense in this business, and I gave Randy and his team a lot of credit as we've come into this year, we saw the steep drop off in December, they very quickly -- December of last year, they very quickly took action to further rightsize the business and take cost out. So, that gives me a lot of confidence that we get through destocking, we see a rebound in auto builds that this business is going to be very well positioned to benefit from that.
Edward Breen -- Executive Chairman
Well and probably, we've run historically over auto builds in this business as you know, until that destocking kicked in pretty severely in mid-December last year. So we get through destocking, at least will stabilize kind of around to where auto builds are, plus some increment to that with the content that we drive into the end markets. So you know that will play out in the near future.
Operator
Next, we will take a question from John Roberts with UBS. Please go ahead.
John Roberts -- UBS -- Analyst
Thank you. Did your animal nutrition business benefited all from swine fever in China? And we're surprised that the food enzymes business was up, I thought that weakness in food ingredients was a little bit more broad based than just probiotics?
Marc Doyle -- Chief Executive Officer
John, I'll take that. No, not a huge benefit. Animal nutrition has been a good market for us because we've got a very strong franchise around the phytase area. And so we're benefiting kind of from global growth characteristics more meat usage. And then around food enzymes, I mean, where, as you're probably aware, we're not the largest supplier of food enzymes. We are seeing very attractive growth off a relatively small base and so, food enzymes continues to be for us kind of a high single-digit growth.
Animal nutrition, by the way, in the quarter was about a mid-single digit 5% growth. So those are bright spots in the enzymes portfolio, I would say the segment Health & Biosciences segment within Nutrition & Biosciences was down about 1% this quarter. And so it was a little bit soft overall, but those were some of the bright spots.
Operator
And next we will hear from PJ Juvekar with Citi. Please go ahead.
PJ Juvekar -- Citi -- Analyst
Yes, hi, good morning.
Edward Breen -- Executive Chairman
Good morning, PJ.
PJ Juvekar -- Citi -- Analyst
Ed, on your potential strategic transactions, can you make some general observations about M&A multiples that you're seeing given the falling rates? And then secondly there, is PFAS liability becoming a sticking point in negotiating these deals? Thank you.
Edward Breen -- Executive Chairman
Yeah PJ, yeah, thanks for the questions. No, the PFOA has not been an issue in things that we're looking at and working on. So I'll just leave it at that, it doesn't concern me. And just from a multiple standpoint, it's hard to answer that, but I'd just say broadly multiples are very good. You know, when you're looking at transactions right now and, by the way, just to give you one, I think multiples in the N&B type sector are kind of at all time highs right now. And I think a lot of that is, it's just a steady business, a steady industry, which kind of recession-proof, people are going to eat, and they command multiples up around kind of 20%. The real premium companies, which I think we are the premium company in the space. So multiples are not an issue in what we're working on.
Operator
Next, we will hear from Arun Viswanathan with RBC Capital Markets. Please go ahead.
Arun Viswanathan -- RBC -- Analyst
All right, thanks. I'm just trying to understand the earnings algorithm from here. Could you kind of touch on your outlook for cost reductions and synergy capture, if there is any left in the 2020? And then similarly, assuming price is going to offset FX, what will be the main drivers that would help you get some volume growth next year? Thanks.
Jeanmarie Desmond -- Chief Financial Officer
Sure. Thank you. Let me first address synergies. So as we look at 2019, we had about $450 million of synergies from the DowDuPont, and we're going to wrap that up in 2020. We have about another 160, 165 synergies, and then we'll finish that program. The good news is, and you know and we talked about this the last quarter that productivity is in our DNA, it's really important, I talked about the work that Randy and his team have done in other parts of our businesses as we come in to 2019 to deal with the softness in some of our end markets, and so we've taken productivity actions this year, and that's going to give us a bit of a tailwind as we go into 2020 as well.
So you can think about maybe another $50 million plus of benefits from the timing of those actions going into 2020. In terms of our broader 2020 guidance, we're going to talk about that more when we announce fourth quarter earnings late January, early February. But I think we're looking at you know similar macrodynamics from from '19 into '20, we're going to be fairly cautious as we think about 2020. But there are certainly bright spots in our portfolio that we -- that we continue to be excited about whether it's probiotics, pharmaceuticals, water, the aerospace business is doing quite well. And then we've got the continued challenging dynamics with the tariffs and trade that are impacting, of course most clearly auto but also electronics to some extent.
Edward Breen -- Executive Chairman
Just to reiterate what Jean said, we as the management team. Marc, and Jean and I, all of us, we're saying let's plan for the kind of the macro we have now. Clearly, hopefully during the next months, some resolution on China tariffs occur. So that would be a green shoot and I think the biggest green shoot for all of us in the industrial sector is obviously everyone is easing all over the world. I think I was looking to 32 countries the other day that are all have easing going on. And clearly that most experts tell me that kicks in eight months to nine months later with some positive momentum.
So there is some green shoots out there obviously that could be helpful to us, but we're like, don't count on any of that, let's just plan conservatively and we will tee ourselves up properly from a cost structure at all as we go into 2020.
Operator
Next we'll hear from Frank Mitsch with Fermium Research.
Frank Mitsch -- Fermium Research -- Analyst
Yeah. Hey, good morning. And pretty impressive results out of China, you mentioned that it was largely premium smartphone driven. I'm just curious what percent roughly are you manufacturing in country? And can you talk about the trade flow issues, and just in general what the tariff conflict has impacted upon and what your outlook is there?
Marc Doyle -- Chief Executive Officer
Yeah, Frank, thanks. This is Marc. I'll take that one. The -- so rough number on our China sales. We have about 15% of our sales into China, a decent portion is manufactured locally but I'd call it maybe about half-ish of the sales. We do have some products that are manufactured in the US that are sent over to China, that's a smaller portion of the total, because we're also manufacturing around Asia too and shipping into China. As a result, the tariff impact is not real huge for us, when you look at that portion that's direct sales. In terms of dollars, it comes to about $50 million on a full-year basis of tariff impact.
So pretty well mitigated for a company our size, I think it's still going to be a positive when we see a resolution to the US-China trade disputes, but the positive is not so much the direct impact of the tariffs. It's more just the stimulus to the economy, the industrial growth in China and obviously the industrial growth in Europe, in the US, and we think that's a much bigger lever for us than the direct tariff impact.
Operator
Next we will hear from Laurence Alexander with Jefferies. Please go ahead.
Laurence Alexander -- Jefferies -- Analyst
Hi, could you just -- good morning. Could you just clarify on two things? Is there any signs of a sequential improvement in China ex-Electronics and the comment about Nylon 66 rebalancing. How much of an impact that has been and what that means for 2020?
Marc Doyle -- Chief Executive Officer
Yeah, Laurence. I'll take that. So in terms of China ex-electronics, yeah, we've been pretty strong in S&C, pretty strong in N&B through the year. Those have continued to hold up well in China. T&I, which has been down significantly. We're not seeing a significant rebound as yet. So that's the exception and then electronics obviously was a big trajectory change in China. And then the second question around Nylon 66 --
Jeanmarie Desmond -- Chief Financial Officer
Yeah, I mean, I think if you look at T&I, we did see sequentially a pricing decline from second quarter to third quarter of about 2%, and we would expect to see some continued -- the same continued dynamic as we go into fourth quarter with.
Operator
And next we will hear from Mark Connelly with Stephens Inc. Please go ahead.
Mark Connelly -- Stephens Inc. -- Analyst
Thank you. If I could just ask how, you've given us a lot of information on a lot of different businesses and the economic impact. But if we were to strip out the macro impact, how would you rate your performance relative to where you thought you would be on controllable issues? And how do you see the opportunity over the next year in controllables? Is it more on the revenue side or is it more on the -- on the volume and product side?
Operator
[Technical Issues) pardon the interruption. Speakers, we are unable to hear you. And pardon the interruption, we are unable to hear the presenters. And please standby, as we are experiencing some technical difficulties. And Mark if you could repeat your question?
Mark Connelly -- Stephens Inc. -- Analyst
Sure. Ed, you've talked a lot about what -- what your strategies are in the portfolio. But what I'm trying to understand is, if we think about the economy is what it is and you look at what you've controlled and what you want to control, how much opportunity do you see ahead in controllables in this sort of flat macro environment on the cost side versus on the revenue side?
Marc Doyle -- Chief Executive Officer
Yeah. Mark, I'm sorry about the break there. This is Marc Doyle. Yeah, I think we've, we've done a reasonably good job certainly with being aggressive on cost actions and we think that there is more room to continue to drive productivity around cost, a couple of additional degrees of freedom. We have our manufacturing production costs, levels of automation. We've also got some opportunities to continue to de-bottleneck our manufacturing sites, because we do have areas where demand is still out-stripping supply. And so those I'd call more sort of self-help related cost actions.
I think we've also done a nice job focusing the innovation spend and the capital spend around areas where we have continued upside even in some of the softer market conditions. And I think that those actions will continue to benefit us going forward.
Edward Breen -- Executive Chairman
And, Mark just to add on to that. The team is still working on obviously the synergies we're capturing the rest of this year, but we have $165 million more of synergies next year. And if you remember, I think it was last quarter we announced a restructuring where we were taking what we took $30 million out in the second quarter and we are working on -- we are working on $80 million for the second half of this year, in addition to the synergies, which will obviously play through 2020 also. And there is a management team, we have many other items we're looking at on the cost side that we feel like we need to pull those levers. Next year, we certainly would do that. So we're kind of pre-planning on all of that.
Operator
And we will take our final question from Jim Sheehan with SunTrust. Please go ahead.
Jim Sheehan -- SunTrust Robinson Humphrey Inc. -- Analyst
Thanks. Regarding PFAS, again there is a movie coming out that invokes DuPont by name and smears the company as being a bad actor. Are there any legal remedies for that you know of and are you planning any kind of public response to the allegations?
Edward Breen -- Executive Chairman
Yeah, I'll let Marc comment on some of the things we're doing, but first of all, let me just say, the movie is not true facts. It's quote, well I think the trailer I saw was inspired by and I've had a pretty good debriefing on it, and it's just not true material in it. So I'll add Marc comment. We're doing obviously some things for employees and all that. So they understand some facts and all that. I'm not going to comment on the legal piece, but obviously we have a lot of legal folks have been looking at this, and I'm just going to leave that there for now.
Marc Doyle -- Chief Executive Officer
Yeah, let me just build on Ed's comments, I mean unfortunately in a situation like this it just doesn't do you much good to fight it out in the public eye and that would just drive more and more attention to it. So we're really focused internally on our employees, our communities, our families getting the facts out there, preparing people for the bad publicity that's likely to come. As Ed said, this isn't an accurate portrayal of the facts, it's certainly not the company that any of us know, I've been with DuPont for 25 years myself. This is the behaviors that you might see in there are certainly not the behaviors that I witnessed at any point in my career. And so, we're really focused on our people and trying to just prepare them.
Operator
And with no further questions, I'd like to turn the call back to Lori Koch for any additional or closing remarks.
Lori Koch -- Director of Investor Relations
Thank you everyone for joining our call. For your reference, a copy of our transcript will be posted on DuPont's website. This concludes our call.
Operator
[Operator Closing Remarks]
Duration: 56 minutes
Call participants:
Lori Koch -- Director of Investor Relations
Marc Doyle -- Chief Executive Officer
Jeanmarie Desmond -- Chief Financial Officer
Edward Breen -- Executive Chairman
Jeff Sprague -- Jeff SpragVertical Research Partners -- Analyst
Vincent Andrews -- Morgan Stanley -- Analyst
Christopher Parkinson -- Credit Suisse AG -- Analyst
Scott Davis -- Melius Research. -- Analyst
Steve Byrne -- Bank of America -- Analyst
David L. Begleiter -- Deutsche Bank -- Analyst
Jonas Oxgaard -- Bernstein -- Analyst
John McNulty -- BMO Capital Markets -- Analyst
Bob Koort -- Goldman Sachs -- Analyst
John Roberts -- UBS -- Analyst
PJ Juvekar -- Citi -- Analyst
Arun Viswanathan -- RBC -- Analyst
Frank Mitsch -- Fermium Research -- Analyst
Laurence Alexander -- Jefferies -- Analyst
Mark Connelly -- Stephens Inc. -- Analyst
Jim Sheehan -- SunTrust Robinson Humphrey Inc. -- Analyst
More DD analysis
All earnings call transcripts
10 stocks we like better than DuPont
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and DuPont wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of June 1, 2019
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.
Motley Fool Transcribers 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.
|
I am confident our businesses will ultimately outperform driven by their strong position and broad technology portfolios to address key trends, such as hybrid and electric vehicles, and the transition to 5G and enabling the Internet of Things. DuPont de Nemours Inc (NYSE: DD) Q3 2019 Earnings Call Oct 31, 2019, 8:00 a.m. Combined, these actions delivered an additional $145 million of savings this quarter and we are on track to deliver greater than $500 million for the full year.
|
-- Analyst Steve Byrne -- Bank of America -- Analyst David L. Begleiter -- Deutsche Bank -- Analyst Jonas Oxgaard -- Bernstein -- Analyst John McNulty -- BMO Capital Markets -- Analyst Bob Koort -- Goldman Sachs -- Analyst John Roberts -- UBS -- Analyst PJ Juvekar -- Citi -- Analyst Arun Viswanathan -- RBC -- Analyst Frank Mitsch -- Fermium Research -- Analyst Laurence Alexander -- Jefferies -- Analyst Mark Connelly -- Stephens Inc. -- Analyst Jim Sheehan -- SunTrust Robinson Humphrey Inc. -- Analyst More DD analysis All earnings call transcripts 10 stocks we like better than DuPont When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. DuPont de Nemours Inc (NYSE: DD) Q3 2019 Earnings Call Oct 31, 2019, 8:00 a.m. Combined, these actions delivered an additional $145 million of savings this quarter and we are on track to deliver greater than $500 million for the full year.
|
-- Analyst Steve Byrne -- Bank of America -- Analyst David L. Begleiter -- Deutsche Bank -- Analyst Jonas Oxgaard -- Bernstein -- Analyst John McNulty -- BMO Capital Markets -- Analyst Bob Koort -- Goldman Sachs -- Analyst John Roberts -- UBS -- Analyst PJ Juvekar -- Citi -- Analyst Arun Viswanathan -- RBC -- Analyst Frank Mitsch -- Fermium Research -- Analyst Laurence Alexander -- Jefferies -- Analyst Mark Connelly -- Stephens Inc. -- Analyst Jim Sheehan -- SunTrust Robinson Humphrey Inc. -- Analyst More DD analysis All earnings call transcripts 10 stocks we like better than DuPont When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. DuPont de Nemours Inc (NYSE: DD) Q3 2019 Earnings Call Oct 31, 2019, 8:00 a.m. Combined, these actions delivered an additional $145 million of savings this quarter and we are on track to deliver greater than $500 million for the full year.
|
DuPont de Nemours Inc (NYSE: DD) Q3 2019 Earnings Call Oct 31, 2019, 8:00 a.m. Combined, these actions delivered an additional $145 million of savings this quarter and we are on track to deliver greater than $500 million for the full year. I am confident our businesses will ultimately outperform driven by their strong position and broad technology portfolios to address key trends, such as hybrid and electric vehicles, and the transition to 5G and enabling the Internet of Things.
|
207c9a7d-e38f-432b-b999-7733bfa5881e
|
716341.0
|
2019-10-31 00:00:00 UTC
|
EI DuPont De Nemours & Co. Q3 adjusted earnings Beat Estimates
|
DD
|
https://www.nasdaq.com/articles/ei-dupont-de-nemours-co.-q3-adjusted-earnings-beat-estimates-2019-10-31
|
nan
|
nan
|
(RTTNews) - EI DuPont De Nemours & Co. (DD) revealed earnings for third quarter that dropped from the same period last year.
The company's earnings came in at $372 million, or $0.50 per share. This compares with $501 million, or $0.65 per share, in last year's third quarter.
Excluding items, EI DuPont De Nemours & Co. reported adjusted earnings of $716 million or $0.96 per share for the period.
Analysts had expected the company to earn $0.95 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 4.4% to $5.43 billion from $5.68 billion last year.
EI DuPont De Nemours & Co. earnings at a glance:
-Earnings (Q3): $716 Mln. vs. $723 Mln. last year. -EPS (Q3): $0.96 vs. $0.94 last year. -Analysts Estimate: $0.95 -Revenue (Q3): $5.43 Bln vs. $5.68 Bln last year.
-Guidance: Full year EPS guidance: $3.77 to $3.82
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
(RTTNews) - EI DuPont De Nemours & Co. (DD) revealed earnings for third quarter that dropped from the same period last year. Excluding items, EI DuPont De Nemours & Co. reported adjusted earnings of $716 million or $0.96 per share for the period. Analysts had expected the company to earn $0.95 per share, according to figures compiled by Thomson Reuters.
|
(RTTNews) - EI DuPont De Nemours & Co. (DD) revealed earnings for third quarter that dropped from the same period last year. Excluding items, EI DuPont De Nemours & Co. reported adjusted earnings of $716 million or $0.96 per share for the period. EI DuPont De Nemours & Co. earnings at a glance: -Earnings (Q3): $716 Mln.
|
(RTTNews) - EI DuPont De Nemours & Co. (DD) revealed earnings for third quarter that dropped from the same period last year. This compares with $501 million, or $0.65 per share, in last year's third quarter. Excluding items, EI DuPont De Nemours & Co. reported adjusted earnings of $716 million or $0.96 per share for the period.
|
(RTTNews) - EI DuPont De Nemours & Co. (DD) revealed earnings for third quarter that dropped from the same period last year. The company's earnings came in at $372 million, or $0.50 per share. This compares with $501 million, or $0.65 per share, in last year's third quarter.
|
5feb2013-e25c-4fe1-a57f-82e2c98a156e
|
716342.0
|
2019-10-19 00:00:00 UTC
|
Is Chemours a Buy?
|
DD
|
https://www.nasdaq.com/articles/is-chemours-a-buy-2019-10-19
|
nan
|
nan
|
It's been a rough year for Chemours (NYSE: CC). The DuPont (NYSE: DD) spinoff has faced just about every possible challenge in the past 12 months, including lawsuits, operational issues, competitive threats, and -- of course -- a plummeting share price.
Still, sometimes the market overreacts. Is the worst over for Chemours? Let's look a bit more closely to find out.
Chemours' top product, titanium dioxide, is a primary ingredient in white paint. Image source: Getty Images.
Lawsuit whack-a-mole
When DuPont spun Chemours off, it also conveniently unloaded many legal liabilities onto the new company, including ones related to the manufacture and discharge of various chemicals. In 2017, Chemours settled a major class action lawsuit regarding the chemical PFOA, an ingredient in its Teflon coating. In 2018, the company also settled a North Carolina lawsuit regarding contamination of drinking water for $13 million plus other requirements, including providing drinking water for affected areas.
Now, a class action shareholder lawsuit alleges that Chemours misled investors about the extent of its liabilities. Chemours is also suing former parent DuPont for either $4 billion or the acceptance of financial responsibility for some of the liabilities Chemours is facing related to Teflon and other legacy DuPont products.
Chemours has been lucky so far that the judgments against it in these various suits have been comparatively minor. But the company has been embroiled in lawsuits for most of its existence, and there may still be more to come, given DuPont's long history as a chemical manufacturer and Chemours' liability for that history.
A top product weakens
Chemours' biggest seller is a chemical called titanium dioxide, often abbreviated TiO2. This versatile compound is used in sunscreens, animal feed, and -- most importantly -- as a white pigment in paint. The automotive industry is one of the biggest markets for white paint, so when auto sales are hot, so is the market for TiO2.
Unfortunately, the global auto market seems to be cooling off, particularly in China. That's affecting Chemours' TiO2 sales. In Q1 and Q2, sales in the company's titanium technologies segment fell by more than 30% year over year.
This weakness was a major reason why Chemours cut its 2019 EBITDA guidance by $400 million. Fully half of that was thanks to "lower earnings in our titanium technologies segment, due to weak market demand and share loss," according to CEO Mark Vergnano.
TiO2 is a cyclical product, and it looks like we're decidedly in the down part of the cycle.
Refrigerant sales cool off
Chemours' biggest seller is TiO2, but one of its other major products is the refrigerant Opteon. In Q1, Chemours reported slower Opteon sales, but blamed them largely on delays in getting a state-of-the-art Opteon plant in Texas up and running. These kinds of delays aren't unusual for major chemical plants, so that wasn't so concerning.
But in Q2, Chemours announced that it was facing pressure from what it termed "illegal imports of HFC refrigerants into the European Union, mainly from China." Those imports, according to Vergnano on the Q2earnings call were responsible for Chemours shaving $125 million off of its 2019 EBITDA guidance.
Unfortunately, there doesn't seem to be a whole lot the company can do. Vergnano's prescription was, "We will continue to complain aggressively against this black market activity and to work with our industry partners and government authorities to control the flow of illegal refrigerants into Europe." Not much of a solution.
As if that weren't enough, Chemours was simply seeing weaker demand for fluoropolymers like Opteon overall, which is expected to contribute to another $75 million hit to the company's 2019 EBITDA.
Tough times
So, here we have a company that's facing legal liabilities and uncertainty, weaker demand for its products, illegal competition that it seems pretty powerless to stop, and lowered expectations for 2019. That doesn't add up to a winning formula. Even bargain-hunting investors will probably be better off avoiding Chemours until its outlook improves. There are better stocks to buy.
10 stocks we like better than Chemours
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Chemours wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of June 1, 2019
John Bromels owns shares of DuPont. 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.
|
The DuPont (NYSE: DD) spinoff has faced just about every possible challenge in the past 12 months, including lawsuits, operational issues, competitive threats, and -- of course -- a plummeting share price. That doesn't add up to a winning formula. Vergnano's prescription was, "We will continue to complain aggressively against this black market activity and to work with our industry partners and government authorities to control the flow of illegal refrigerants into Europe."
|
The DuPont (NYSE: DD) spinoff has faced just about every possible challenge in the past 12 months, including lawsuits, operational issues, competitive threats, and -- of course -- a plummeting share price. That doesn't add up to a winning formula. Chemours' top product, titanium dioxide, is a primary ingredient in white paint.
|
The DuPont (NYSE: DD) spinoff has faced just about every possible challenge in the past 12 months, including lawsuits, operational issues, competitive threats, and -- of course -- a plummeting share price. That doesn't add up to a winning formula. Chemours is also suing former parent DuPont for either $4 billion or the acceptance of financial responsibility for some of the liabilities Chemours is facing related to Teflon and other legacy DuPont products.
|
The DuPont (NYSE: DD) spinoff has faced just about every possible challenge in the past 12 months, including lawsuits, operational issues, competitive threats, and -- of course -- a plummeting share price. That doesn't add up to a winning formula. The automotive industry is one of the biggest markets for white paint, so when auto sales are hot, so is the market for TiO2.
|
d60bca0a-1210-4ffa-84d1-733b32af65f1
|
716343.0
|
2019-10-16 00:00:00 UTC
|
Wednesday Sector Leaders: Services, Materials
|
DD
|
https://www.nasdaq.com/articles/wednesday-sector-leaders%3A-services-materials-2019-10-16
|
nan
|
nan
|
Looking at the sectors faring best as of midday Wednesday, shares of Services companies are outperforming other sectors, up 0.2%. Within the sector, Masco Corp. (Symbol: MAS) and Advance Auto Parts Inc (Symbol: AAP) are two large stocks leading the way, showing a gain of 1.9% and 1.8%, respectively. Among the largest ETFs, one ETF closely following services stocks is the iShares U.S. Consumer Services ETF (Symbol: IYC), which is up 0.2% on the day, and up 22.32% year-to-date. Masco Corp., meanwhile, is up 52.02% year-to-date, and Advance Auto Parts Inc is up 3.35% year-to-date. AAP makes up approximately 0.4% of the underlying holdings of IYC.
The next best performing sector is the Materials sector, higher by 0.2%. Among large Materials stocks, DuPont (Symbol: DD) and Linde plc (Symbol: LIN) are the most notable, showing a gain of 2.6% and 1.1%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is up 0.3% in midday trading, and up 15.58% on a year-to-date basis. DuPont, meanwhile, is down 39.32% year-to-date, and Linde plc is up 28.09% year-to-date. Combined, DD and LIN make up approximately 23.7% of the underlying holdings of XLB.
Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom:
Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Wednesday. As you can see, four sectors are up on the day, while five sectors are down.
10 ETFs With Stocks That Insiders Are Buying »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is up 0.3% in midday trading, and up 15.58% on a year-to-date basis. Combined, DD and LIN make up approximately 23.7% of the underlying holdings of XLB. Looking at the sectors faring best as of midday Wednesday, shares of Services companies are outperforming other sectors, up 0.2%.
|
Among large Materials stocks, DuPont (Symbol: DD) and Linde plc (Symbol: LIN) are the most notable, showing a gain of 2.6% and 1.1%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is up 0.3% in midday trading, and up 15.58% on a year-to-date basis. Looking at the sectors faring best as of midday Wednesday, shares of Services companies are outperforming other sectors, up 0.2%.
|
One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is up 0.3% in midday trading, and up 15.58% on a year-to-date basis. Looking at the sectors faring best as of midday Wednesday, shares of Services companies are outperforming other sectors, up 0.2%. Among large Materials stocks, DuPont (Symbol: DD) and Linde plc (Symbol: LIN) are the most notable, showing a gain of 2.6% and 1.1%, respectively.
|
Looking at the sectors faring best as of midday Wednesday, shares of Services companies are outperforming other sectors, up 0.2%. Among large Materials stocks, DuPont (Symbol: DD) and Linde plc (Symbol: LIN) are the most notable, showing a gain of 2.6% and 1.1%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is up 0.3% in midday trading, and up 15.58% on a year-to-date basis.
|
a203232d-5302-4069-84a8-bad7bee16ab0
|
716344.0
|
2019-10-16 00:00:00 UTC
|
Noteworthy ETF Outflows: VAW, ECL, DD, APD
|
DD
|
https://www.nasdaq.com/articles/noteworthy-etf-outflows%3A-vaw-ecl-dd-apd-2019-10-16
|
nan
|
nan
|
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 $74.7 million dollar outflow -- that's a 3.8% decrease week over week (from 15,645,340 to 15,045,340). Among the largest underlying components of VAW, in trading today Ecolab Inc (Symbol: ECL) is down about 0.1%, DuPont (Symbol: DD) is up about 2.4%, and Air Products & Chemicals Inc (Symbol: APD) is lower by about 0.1%. 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 $103.54 per share, with $130.27 as the 52 week high point — that compares with a last trade of $125.45. 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.
|
Among the largest underlying components of VAW, in trading today Ecolab Inc (Symbol: ECL) is down about 0.1%, DuPont (Symbol: DD) is up about 2.4%, and Air Products & Chemicals Inc (Symbol: APD) is lower by about 0.1%. 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 $103.54 per share, with $130.27 as the 52 week high point — that compares with a last trade of $125.45. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
|
Among the largest underlying components of VAW, in trading today Ecolab Inc (Symbol: ECL) is down about 0.1%, DuPont (Symbol: DD) is up about 2.4%, and Air Products & Chemicals Inc (Symbol: APD) is lower by about 0.1%. 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 $103.54 per share, with $130.27 as the 52 week high point — that compares with a last trade of $125.45. 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).
|
Among the largest underlying components of VAW, in trading today Ecolab Inc (Symbol: ECL) is down about 0.1%, DuPont (Symbol: DD) is up about 2.4%, and Air Products & Chemicals Inc (Symbol: APD) is lower by about 0.1%. 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 $74.7 million dollar outflow -- that's a 3.8% decrease week over week (from 15,645,340 to 15,045,340). 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 $103.54 per share, with $130.27 as the 52 week high point — that compares with a last trade of $125.45.
|
Among the largest underlying components of VAW, in trading today Ecolab Inc (Symbol: ECL) is down about 0.1%, DuPont (Symbol: DD) is up about 2.4%, and Air Products & Chemicals Inc (Symbol: APD) is lower by about 0.1%. 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 $74.7 million dollar outflow -- that's a 3.8% decrease week over week (from 15,645,340 to 15,045,340). 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 $103.54 per share, with $130.27 as the 52 week high point — that compares with a last trade of $125.45.
|
12b7f789-00b3-4cec-bb3d-0d4a411359e5
|
716345.0
|
2019-10-15 00:00:00 UTC
|
XLB, PFI: Big ETF Outflows
|
DD
|
https://www.nasdaq.com/articles/xlb-pfi%3A-big-etf-outflows-2019-10-15
|
nan
|
nan
|
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the The Materials Select Sector SPDR Fund, where 12,000,000 units were destroyed, or a 17.0% decrease week over week. Among the largest underlying components of XLB, in morning trading today Linde is up about 2.3%, and Dupont is up by about 0.6%.
And on a percentage change basis, the ETF with the biggest outflow was the Invesco DWA Financial Momentum ETF, which lost 650,000 of its units, representing a 37.1% decline in outstanding units compared to the week prior. Among the largest underlying components of PFI, in morning trading today Moodys is up about 1.5%, and S& P Global is higher by about 1.1%.
VIDEO: XLB, PFI: Big ETF Outflows
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Among the largest underlying components of XLB, in morning trading today Linde is up about 2.3%, and Dupont is up by about 0.6%. And on a percentage change basis, the ETF with the biggest outflow was the Invesco DWA Financial Momentum ETF, which lost 650,000 of its units, representing a 37.1% decline in outstanding units compared to the week prior. Among the largest underlying components of PFI, in morning trading today Moodys is up about 1.5%, and S& P Global is higher by about 1.1%.
|
Among the largest underlying components of XLB, in morning trading today Linde is up about 2.3%, and Dupont is up by about 0.6%. Among the largest underlying components of PFI, in morning trading today Moodys is up about 1.5%, and S& P Global is higher by about 1.1%. VIDEO: XLB, PFI: Big ETF Outflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the The Materials Select Sector SPDR Fund, where 12,000,000 units were destroyed, or a 17.0% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the Invesco DWA Financial Momentum ETF, which lost 650,000 of its units, representing a 37.1% decline in outstanding units compared to the week prior. Among the largest underlying components of PFI, in morning trading today Moodys is up about 1.5%, and S& P Global is higher by about 1.1%.
|
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the The Materials Select Sector SPDR Fund, where 12,000,000 units were destroyed, or a 17.0% decrease week over week. Among the largest underlying components of XLB, in morning trading today Linde is up about 2.3%, and Dupont is up by about 0.6%. And on a percentage change basis, the ETF with the biggest outflow was the Invesco DWA Financial Momentum ETF, which lost 650,000 of its units, representing a 37.1% decline in outstanding units compared to the week prior.
|
386c4791-9f8f-4047-beca-4277a8b40683
|
716346.0
|
2019-10-13 00:00:00 UTC
|
Better Buy: ExxonMobil vs. Dow
|
DD
|
https://www.nasdaq.com/articles/better-buy%3A-exxonmobil-vs.-dow-2019-10-13
|
nan
|
nan
|
ExxonMobil (NYSE: XOM) is an old hand with a diversified business model. While the name Dow (NYSE: DOW) is old, it's really a new company today, with a focus on the chemical space. Here's a few things you need to think about to decide which one of these iconic names is a better fit for your portfolio.
1. More than a name
Most investors will be familiar with the names Exxon and Dow. However, just knowing a name isn't enough. Exxon has been one of the largest and most diversified energy companies in the world for a long time. Its business spans the upstream (drilling), midstream (pipeline), and downstream (refining and chemicals) spaces. This diversified approach to the energy sector is a hallmark of Exxon's, providing its business balance through the typical ups and downs of the oil market.
Image source: Getty Images
Dow is a focused chemicals company, but that's not the full story. This company is the end result of the megamerger of Dow and DuPont (NYSE: DD) a couple of years ago. The goal from day one was to bring these two companies together, sort through the puzzle pieces, and break them up again into new focused businesses. In this case, the final outcome was three different entities: Corteva (NYSE: CTVA), DuPont, and Dow. Corteva is focused on agriculture, DuPont on "specialty materials", and Dow on more stable packaging and chemicals businesses. Dow, then, is basically a focused downstream business.
2. Here and now, and a bit of the future
Exxon has been struggling through a notable industry malaise. Oil prices are kind of low (and, as always, very volatile), and margins in the company's downstream businesses are weak. Financial results haven't been great, but have held up reasonably well given the circumstances. That said, the company is working on a long-term plan to increase production, which had been falling for a few years, and increase returns. Early indications are that it's achieving some success on both fronts. There's still a long way to go, however, since the plan runs through 2025, and involves spending up to $35 billion a year on capital projects. That said, the giant energy company has a long history of solid execution, so there's no reason to doubt it can boost its production and returns as it executes its plan.
Dow is, effectively, a new company, but it is really a collection of old businesses. Although the breakup was the big story of the merger between Dow and DuPont, the second big goal was streamlining and cost cutting. For example, Dow today is focused on six businesses, down from 15 before the merger and breakup. It has 30% fewer employees as well, and capital spending needs are lower too. And management is targeting another $1 billion in cost savings before it's through. As it works on these restructuring efforts, Dow is also attempting to grow its business, which is where its roughly $2.8 billion in annual capital spending plans comes in. When you sum it up, however, the newly stand-alone Dow is still something of a work in progress, and there's really no track record to review.
3. A quick look at the foundation
There's no reason to believe that Exxon or Dow can't execute on their current plans. That said, Exxon comes with a much stronger balance sheet. For example, long-term debt makes up less than 10% of the oil giant's capital structure. At Dow that figure is around 50%. To be fair, Dow's business should be more stable over time, allowing it to handle a higher debt load. Exxon's low level of debt is largely there to provide it the leeway to keep investing and paying shareholder dividends through the ups and downs of the oil sector. That said, Exxon does appear to have a stronger financial foundation today.
4. What about the yield?
The big draw for both of these companies is likely to be their elevated yields. Exxon's dividend yield is around 5.1% today, toward the high end of its historical range. Dow's yield is roughly 6%, which is high on an absolute basis, but there's no real history to which one can compare that number. Exxon, meanwhile, has increased its dividend for 37 consecutive years, a record that none of its closest peers can match. Dow's dividend release highlights that it has paid dividends since 1912, but it's really starting from scratch again following the merger and breakup.
That said, investors often look at payout ratios to assess the strength of a company's dividend-paying ability. That's not a great metric for Exxon, since oil prices can lead to wild earnings swings. To some extent, investors are relying on the company's historical commitment here, backed by an incredibly strong balance sheet. Dow's payout ratio is targeted at around 45%, though it hasn't been public a year yet, so it's had to give an accurate number for where it is right now. One of management's stated goals is to grow the dividend over time.
So who wins?
Exxon is working through a difficult period for oil prices and spending heavily to improve its business. It has a rock-solid balance sheet and looks relatively cheap from a historical basis (the yield is higher than it has been in decades). It is hardly risk-free, but it has a long history of success behind it. Even conservative investors would be OK jumping aboard here.
Dow has a great name and solid businesses, but is really a new company today with a very limited history. Its balance sheet isn't as strong as Exxon's, but it also isn't likely to face the same top- and bottom-line swings. That also suggests its target payout ratio is reasonable. However, with little track record, most investors would probably be better off giving the company at least a year or so to get its house in order before jumping on this high-yield stock.
That said, dividend-focused investors shouldn't write it off. Keep Dow on your watch list and assess the company's business performance over the next few quarters to see how well management lives up to its promises. It might be worth buying once there's a bit of a track record to go on.
10 stocks we like better than ExxonMobil
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and ExxonMobil wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of June 1, 2019
Reuben Gregg Brewer owns shares of ExxonMobil. 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.
|
This company is the end result of the megamerger of Dow and DuPont (NYSE: DD) a couple of years ago. This diversified approach to the energy sector is a hallmark of Exxon's, providing its business balance through the typical ups and downs of the oil market. As it works on these restructuring efforts, Dow is also attempting to grow its business, which is where its roughly $2.8 billion in annual capital spending plans comes in.
|
This company is the end result of the megamerger of Dow and DuPont (NYSE: DD) a couple of years ago. This diversified approach to the energy sector is a hallmark of Exxon's, providing its business balance through the typical ups and downs of the oil market. That said, the giant energy company has a long history of solid execution, so there's no reason to doubt it can boost its production and returns as it executes its plan.
|
This company is the end result of the megamerger of Dow and DuPont (NYSE: DD) a couple of years ago. While the name Dow (NYSE: DOW) is old, it's really a new company today, with a focus on the chemical space. A quick look at the foundation There's no reason to believe that Exxon or Dow can't execute on their current plans.
|
This company is the end result of the megamerger of Dow and DuPont (NYSE: DD) a couple of years ago. While the name Dow (NYSE: DOW) is old, it's really a new company today, with a focus on the chemical space. For example, Dow today is focused on six businesses, down from 15 before the merger and breakup.
|
c7492360-5a59-457f-a464-820cb1598179
|
716347.0
|
2019-10-10 00:00:00 UTC
|
Daily Dividend Report: MMS, THO, NEWT, DD, DAL
|
DD
|
https://www.nasdaq.com/articles/daily-dividend-report%3A-mms-tho-newt-dd-dal-2019-10-10
|
nan
|
nan
|
MAXIMUS (MMS) has approved a quarterly cash dividend of $0.28 per share, a $0.03 increase from last quarter. The dividend is payable on November 29, 2019, to shareholders of record on November 15, 2019. On an annual basis, this brings the Company's cash dividend to $1.12.
Thor Industries (THO) approved an increase in the amount of Thor's regular quarterly dividend to $0.40 per share from $0.39 per share, an increase of 2.5%. The regular dividend is payable on November 8, 2019, to shareholders of record at the close of business on October 25, 2019.
Newtek Business Services (NEWT) declared a fourth quarter 2019 cash dividend of $0.711 per share, which represents a 42.0% increase over the fourth quarter 2018 cash dividend. The fourth quarter 2019 dividend is payable on December 30, 2019 to shareholders of record as of December 16, 2019.
DuPont's board of directors declared a fourth quarter dividend of $0.30 per share on the outstanding common stock of the company (par value $0.01 per share) payable on December 13, 2019, to holders of record of said stock at the close of business on November 29, 2019.
Delta has declared a dividend of $0.4025 per share which will be payable to shareholders of record as of the close of business on October 24, 2019, to be paid on November 14, 2019.
VIDEO: Daily Dividend Report: MMS, THO, NEWT, DD, DAL
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
VIDEO: Daily Dividend Report: MMS, THO, NEWT, DD, DAL The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The regular dividend is payable on November 8, 2019, to shareholders of record at the close of business on October 25, 2019. DuPont's board of directors declared a fourth quarter dividend of $0.30 per share on the outstanding common stock of the company (par value $0.01 per share) payable on December 13, 2019, to holders of record of said stock at the close of business on November 29, 2019.
|
VIDEO: Daily Dividend Report: MMS, THO, NEWT, DD, DAL The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The regular dividend is payable on November 8, 2019, to shareholders of record at the close of business on October 25, 2019. Newtek Business Services (NEWT) declared a fourth quarter 2019 cash dividend of $0.711 per share, which represents a 42.0% increase over the fourth quarter 2018 cash dividend.
|
VIDEO: Daily Dividend Report: MMS, THO, NEWT, DD, DAL The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Newtek Business Services (NEWT) declared a fourth quarter 2019 cash dividend of $0.711 per share, which represents a 42.0% increase over the fourth quarter 2018 cash dividend. DuPont's board of directors declared a fourth quarter dividend of $0.30 per share on the outstanding common stock of the company (par value $0.01 per share) payable on December 13, 2019, to holders of record of said stock at the close of business on November 29, 2019.
|
VIDEO: Daily Dividend Report: MMS, THO, NEWT, DD, DAL The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The regular dividend is payable on November 8, 2019, to shareholders of record at the close of business on October 25, 2019. Newtek Business Services (NEWT) declared a fourth quarter 2019 cash dividend of $0.711 per share, which represents a 42.0% increase over the fourth quarter 2018 cash dividend.
|
50b03b0c-9dbd-4c92-84b5-e025b5c598c2
|
716348.0
|
2019-10-03 00:00:00 UTC
|
DuPont To Buy Memcor Business From Evoqua - Quick Facts
|
DD
|
https://www.nasdaq.com/articles/dupont-to-buy-memcor-business-from-evoqua-quick-facts-2019-10-03
|
nan
|
nan
|
(RTTNews) - DuPont (DD) has entered an agreement to acquire the Memcor business including ultrafiltration and membrane biofiltration technologies from Evoqua Water Technologies Corp. The company said the acquisition adds to its portfolio of water purification and separation capabilities. The deal is anticipated to close by the end of 2019.
"Our strategic intent for the Water Solutions business is to have a robust portfolio of technologies. Recently, we announced the intended acquisition of BASF's ultrafiltration membrane business. This second announcement reinforces our commitment to invest in specialty solutions," said Marc Doyle, DuPont Chief Executive Officer.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The company said the acquisition adds to its portfolio of water purification and separation capabilities. (RTTNews) - DuPont (DD) has entered an agreement to acquire the Memcor business including ultrafiltration and membrane biofiltration technologies from Evoqua Water Technologies Corp. "Our strategic intent for the Water Solutions business is to have a robust portfolio of technologies.
|
(RTTNews) - DuPont (DD) has entered an agreement to acquire the Memcor business including ultrafiltration and membrane biofiltration technologies from Evoqua Water Technologies Corp. The company said the acquisition adds to its portfolio of water purification and separation capabilities. "Our strategic intent for the Water Solutions business is to have a robust portfolio of technologies.
|
(RTTNews) - DuPont (DD) has entered an agreement to acquire the Memcor business including ultrafiltration and membrane biofiltration technologies from Evoqua Water Technologies Corp. The company said the acquisition adds to its portfolio of water purification and separation capabilities. "Our strategic intent for the Water Solutions business is to have a robust portfolio of technologies.
|
(RTTNews) - DuPont (DD) has entered an agreement to acquire the Memcor business including ultrafiltration and membrane biofiltration technologies from Evoqua Water Technologies Corp. The company said the acquisition adds to its portfolio of water purification and separation capabilities. The deal is anticipated to close by the end of 2019.
|
677ba76b-5e88-4181-b344-06b64f229b18
|
716349.0
|
2019-09-24 00:00:00 UTC
|
XLB, LIN, DD, ECL: Large Outflows Detected at ETF
|
DD
|
https://www.nasdaq.com/articles/xlb-lin-dd-ecl%3A-large-outflows-detected-at-etf-2019-09-24
|
nan
|
nan
|
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 $64.0 million dollar outflow -- that's a 1.5% decrease week over week (from 74,920,000 to 73,820,000). Among the largest underlying components of XLB, in trading today Linde plc (Symbol: LIN) is off about 0.2%, DuPont (Symbol: DD) is up about 0.4%, and Ecolab Inc (Symbol: ECL) is up by about 0.9%. 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 $47.05 per share, with $59.91 as the 52 week high point — that compares with a last trade of $58.13. 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.
|
Among the largest underlying components of XLB, in trading today Linde plc (Symbol: LIN) is off about 0.2%, DuPont (Symbol: DD) is up about 0.4%, and Ecolab Inc (Symbol: ECL) is up by about 0.9%. 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 $64.0 million dollar outflow -- that's a 1.5% decrease week over week (from 74,920,000 to 73,820,000). These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
|
Among the largest underlying components of XLB, in trading today Linde plc (Symbol: LIN) is off about 0.2%, DuPont (Symbol: DD) is up about 0.4%, and Ecolab Inc (Symbol: ECL) is up by about 0.9%. 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 $47.05 per share, with $59.91 as the 52 week high point — that compares with a last trade of $58.13. 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).
|
Among the largest underlying components of XLB, in trading today Linde plc (Symbol: LIN) is off about 0.2%, DuPont (Symbol: DD) is up about 0.4%, and Ecolab Inc (Symbol: ECL) is up by about 0.9%. 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 $64.0 million dollar outflow -- that's a 1.5% decrease week over week (from 74,920,000 to 73,820,000). 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 $47.05 per share, with $59.91 as the 52 week high point — that compares with a last trade of $58.13.
|
Among the largest underlying components of XLB, in trading today Linde plc (Symbol: LIN) is off about 0.2%, DuPont (Symbol: DD) is up about 0.4%, and Ecolab Inc (Symbol: ECL) is up by about 0.9%. 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 $47.05 per share, with $59.91 as the 52 week high point — that compares with a last trade of $58.13. 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).
|
1695a5df-8a43-49cf-aacf-0326b4784680
|
716350.0
|
2019-09-23 00:00:00 UTC
|
DuPont To Buy Ultrafiltration Membrane Business From BASF - Quick Facts
|
DD
|
https://www.nasdaq.com/articles/dupont-to-buy-ultrafiltration-membrane-business-from-basf-quick-facts-2019-09-23
|
nan
|
nan
|
(RTTNews) - DuPont Safety & Construction, a division of DuPont (DD), agreed Monday to acquire the Ultrafiltration Membrane business from BASF SE including inge GmbH. Financial terms of the agreement were not disclosed.
The transaction includes the business' international workforce, its headquarters and production site in Greifenberg, Germany, and associated intellectual property currently owned by BASF.
The transaction is expected to close by the end of 2019, subject to customary closing conditions and regulatory approvals.
The combination of the DuPont and BASF ultrafiltration technologies adds to DuPont's leading portfolio of water purification and separation technologies including ultrafiltration, reverse osmosis and ion exchange resins.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
(RTTNews) - DuPont Safety & Construction, a division of DuPont (DD), agreed Monday to acquire the Ultrafiltration Membrane business from BASF SE including inge GmbH. The combination of the DuPont and BASF ultrafiltration technologies adds to DuPont's leading portfolio of water purification and separation technologies including ultrafiltration, reverse osmosis and ion exchange resins. The transaction includes the business' international workforce, its headquarters and production site in Greifenberg, Germany, and associated intellectual property currently owned by BASF.
|
(RTTNews) - DuPont Safety & Construction, a division of DuPont (DD), agreed Monday to acquire the Ultrafiltration Membrane business from BASF SE including inge GmbH. The combination of the DuPont and BASF ultrafiltration technologies adds to DuPont's leading portfolio of water purification and separation technologies including ultrafiltration, reverse osmosis and ion exchange resins. The transaction includes the business' international workforce, its headquarters and production site in Greifenberg, Germany, and associated intellectual property currently owned by BASF.
|
(RTTNews) - DuPont Safety & Construction, a division of DuPont (DD), agreed Monday to acquire the Ultrafiltration Membrane business from BASF SE including inge GmbH. The combination of the DuPont and BASF ultrafiltration technologies adds to DuPont's leading portfolio of water purification and separation technologies including ultrafiltration, reverse osmosis and ion exchange resins. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
(RTTNews) - DuPont Safety & Construction, a division of DuPont (DD), agreed Monday to acquire the Ultrafiltration Membrane business from BASF SE including inge GmbH. The combination of the DuPont and BASF ultrafiltration technologies adds to DuPont's leading portfolio of water purification and separation technologies including ultrafiltration, reverse osmosis and ion exchange resins. Financial terms of the agreement were not disclosed.
|
f2b777f2-7d8e-47b8-8659-cbd74f85ac09
|
716351.0
|
2019-09-16 00:00:00 UTC
|
Wall Street Is Wrong About Dow Inc. Here's Why.
|
DD
|
https://www.nasdaq.com/articles/wall-street-is-wrong-about-dow-inc.-heres-why.-2019-09-17
|
nan
|
nan
|
The long-anticipated breakup of the world's largest chemical conglomerate, DowDuPont, began in late March when Dow Inc. (NYSE: DOW) split off from Dupont de Nemours (NYSE: DD). Two months later, Corteva (NYSE: CTVA) broke off from Dupont, concluding the spinoff of three companies from one.
Since late March, the stock has been all over the place with gains as high as 15% to loses 15% below the spinoff price. That being said, Dow Chemical's high dividend, low P/E multiple, and responsible management make the stock a gem on paper. Pair that with Dow's whopping 6.5% dividend, and you have a stock that is a buy right now.
Source: Getty Images
What does Dow do?
Dow is a free cash flow machine. The company acts as a supplier of high-volume commodity chemical products like valuable silicone and polyethylene. Almost all Dow's chemical products are tied to basic feedstocks, most notably crude oil. The cyclical nature of Dow, and its tethering to feedstocks and global trade makes the company vulnerable to volatile commodity prices and trade tensions that have plagued the market of late.
While some investors may fear that Dow's business will be threatened if crude oil increases, that isn't really much of an issue for Dow. A vast majority of Dow's petrochemical facilities use natural gas liquids (NGLs) as their primary feedstocks. To quote page 31 from DowDuPont's Final Information Statement , "While Dow expects abundant and cost-advantaged supplies of NGLs in the United States to persist for the foreseeable future, if NGLs become significantly less advantaged than crude oil-based feedstocks, it could have a negative impact on Dow's results of operations and future investments." While it does use oil as a feedstock for some of its international facilities, higher oil prices generally make Dow more competitive in theglobal market
Blood in the streets
In the days before Dow's initial departure, the conglomerate, DowDuPont, had a market cap of nearly $120 billion. Today, the combined market cap of the three companies is a mere $104 billion, representing an over 13% fall against a market that has gained 5% in the same time period.
Data source: Yahoo! Finance Data as of 9/6/2019.
As a result of the depreciating stock price, Dow's dividend yield has ballooned to over 6.5%. The original intention of Dow was to create shareholder value by offering a dividend of over 5%, steady earnings, and a reasonable valuation. Dow's dividend is now the highest of all companies in the Dow Jones Industrial Average, and its P/E is significantly below the index's average of 18.7.
Dow's stock price is being unfairly hammered as a result of a widespread industry slide. Average operating margins in the chemical industry fell by 22% among 52 chemical companies between the first quarter of 2018 and the first quarter of 2019. Spot prices for North American high-density polyethylene have fallen by a third since March 2018.
However, Dow has a diverse portfolio in consumer care, infrastructure, and packing markets worldwide. Further separating Dow from the competition is the cost-reductions that have come as a result of the DowDuPont split. Now 6 months later, Dow's business is less capital-intensive, alleviating the company from cash requirements needed to maintain its business. Dow can now use this extra cash to reward shareholders by buying back shares and paying a massive dividend.
A steady performer with a high yield
If you're seeking an investment in Dow, be mindful that chemical companies like Dow are cyclical in nature. Dow's stock will likely bounce all over the place because of short-term trade tensions and swings in commodity prices. On top of that, the benefits of the spinoff are still widely unknown. Unknowns and cyclicality may create volatility in the short run. That being said, the long-term thesis of Dow remains intact. Dow is a cash cow, dividend-paying behemoth. The recent pullback in Dow provides a great entry point for investors looking to enter into a solid, well-rounded industry leader they can hold forever.
Daniel Foelber owns shares of Dow Inc. 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.
|
The long-anticipated breakup of the world's largest chemical conglomerate, DowDuPont, began in late March when Dow Inc. (NYSE: DOW) split off from Dupont de Nemours (NYSE: DD). That being said, Dow Chemical's high dividend, low P/E multiple, and responsible management make the stock a gem on paper. To quote page 31 from DowDuPont's Final Information Statement , "While Dow expects abundant and cost-advantaged supplies of NGLs in the United States to persist for the foreseeable future, if NGLs become significantly less advantaged than crude oil-based feedstocks, it could have a negative impact on Dow's results of operations and future investments."
|
The long-anticipated breakup of the world's largest chemical conglomerate, DowDuPont, began in late March when Dow Inc. (NYSE: DOW) split off from Dupont de Nemours (NYSE: DD). The cyclical nature of Dow, and its tethering to feedstocks and global trade makes the company vulnerable to volatile commodity prices and trade tensions that have plagued the market of late. While it does use oil as a feedstock for some of its international facilities, higher oil prices generally make Dow more competitive in theglobal market Blood in the streets In the days before Dow's initial departure, the conglomerate, DowDuPont, had a market cap of nearly $120 billion.
|
The long-anticipated breakup of the world's largest chemical conglomerate, DowDuPont, began in late March when Dow Inc. (NYSE: DOW) split off from Dupont de Nemours (NYSE: DD). While it does use oil as a feedstock for some of its international facilities, higher oil prices generally make Dow more competitive in theglobal market Blood in the streets In the days before Dow's initial departure, the conglomerate, DowDuPont, had a market cap of nearly $120 billion. Dow's dividend is now the highest of all companies in the Dow Jones Industrial Average, and its P/E is significantly below the index's average of 18.7.
|
The long-anticipated breakup of the world's largest chemical conglomerate, DowDuPont, began in late March when Dow Inc. (NYSE: DOW) split off from Dupont de Nemours (NYSE: DD). Since late March, the stock has been all over the place with gains as high as 15% to loses 15% below the spinoff price. While it does use oil as a feedstock for some of its international facilities, higher oil prices generally make Dow more competitive in theglobal market Blood in the streets In the days before Dow's initial departure, the conglomerate, DowDuPont, had a market cap of nearly $120 billion.
|
dcd65b4a-761e-49f9-87ce-d8cf37a6b758
|
716352.0
|
2019-09-10 00:00:00 UTC
|
DuPont To Sell E&I's CSS Business To SK Siltron; Terms Undisclosed - Quick Facts
|
DD
|
https://www.nasdaq.com/articles/dupont-to-sell-eis-css-business-to-sk-siltron-terms-undisclosed-quick-facts-2019-09-10
|
nan
|
nan
|
(RTTNews) - DuPont's (DD) Electronics & Imaging (E&I) business unit agreed Tuesday to sell its Compound Semiconductor Solutions or wafer business to South Korean silicon wafer supplier SK Siltron. The transaction is expected to close by the end of 2019, subject to customary regulatory approvals for closing.
The transaction is consistent with DuPont's strategy of active portfolio management and disciplined capital allocation to further align the company's portfolio with high return opportunities.
"The DuPont CSS business has state-of-the-art technologies for SiC wafer production to serve the power electronics market, but it is not a strategic priority for the E&I business," said Jon Kemp, President, DuPont Electronics & Imaging.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
(RTTNews) - DuPont's (DD) Electronics & Imaging (E&I) business unit agreed Tuesday to sell its Compound Semiconductor Solutions or wafer business to South Korean silicon wafer supplier SK Siltron. The transaction is consistent with DuPont's strategy of active portfolio management and disciplined capital allocation to further align the company's portfolio with high return opportunities. "The DuPont CSS business has state-of-the-art technologies for SiC wafer production to serve the power electronics market, but it is not a strategic priority for the E&I business," said Jon Kemp, President, DuPont Electronics & Imaging.
|
(RTTNews) - DuPont's (DD) Electronics & Imaging (E&I) business unit agreed Tuesday to sell its Compound Semiconductor Solutions or wafer business to South Korean silicon wafer supplier SK Siltron. "The DuPont CSS business has state-of-the-art technologies for SiC wafer production to serve the power electronics market, but it is not a strategic priority for the E&I business," said Jon Kemp, President, DuPont Electronics & Imaging. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
(RTTNews) - DuPont's (DD) Electronics & Imaging (E&I) business unit agreed Tuesday to sell its Compound Semiconductor Solutions or wafer business to South Korean silicon wafer supplier SK Siltron. "The DuPont CSS business has state-of-the-art technologies for SiC wafer production to serve the power electronics market, but it is not a strategic priority for the E&I business," said Jon Kemp, President, DuPont Electronics & Imaging. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
(RTTNews) - DuPont's (DD) Electronics & Imaging (E&I) business unit agreed Tuesday to sell its Compound Semiconductor Solutions or wafer business to South Korean silicon wafer supplier SK Siltron. The transaction is expected to close by the end of 2019, subject to customary regulatory approvals for closing. The transaction is consistent with DuPont's strategy of active portfolio management and disciplined capital allocation to further align the company's portfolio with high return opportunities.
|
dd94ee6c-6edf-484f-a313-fd02a214a0c1
|
716353.0
|
2019-09-06 00:00:00 UTC
|
Noteworthy ETF Outflows: XLB, LIN, ECL, DD
|
DD
|
https://www.nasdaq.com/articles/noteworthy-etf-outflows%3A-xlb-lin-ecl-dd-2019-09-06
|
nan
|
nan
|
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 $114.1 million dollar outflow -- that's a 2.6% decrease week over week (from 78,020,000 to 76,020,000). Among the largest underlying components of XLB, in trading today Linde plc (Symbol: LIN) is up about 1.1%, Ecolab Inc (Symbol: ECL) is up about 0.5%, and DuPont (Symbol: DD) is up by about 0.1%. 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 $47.05 per share, with $61.16 as the 52 week high point — that compares with a last trade of $57.18. 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.
|
Among the largest underlying components of XLB, in trading today Linde plc (Symbol: LIN) is up about 1.1%, Ecolab Inc (Symbol: ECL) is up about 0.5%, and DuPont (Symbol: DD) is up by about 0.1%. 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 $114.1 million dollar outflow -- that's a 2.6% decrease week over week (from 78,020,000 to 76,020,000). These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
|
Among the largest underlying components of XLB, in trading today Linde plc (Symbol: LIN) is up about 1.1%, Ecolab Inc (Symbol: ECL) is up about 0.5%, and DuPont (Symbol: DD) is up by about 0.1%. 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 $47.05 per share, with $61.16 as the 52 week high point — that compares with a last trade of $57.18. 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).
|
Among the largest underlying components of XLB, in trading today Linde plc (Symbol: LIN) is up about 1.1%, Ecolab Inc (Symbol: ECL) is up about 0.5%, and DuPont (Symbol: DD) is up by about 0.1%. 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 $114.1 million dollar outflow -- that's a 2.6% decrease week over week (from 78,020,000 to 76,020,000). 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 $47.05 per share, with $61.16 as the 52 week high point — that compares with a last trade of $57.18.
|
Among the largest underlying components of XLB, in trading today Linde plc (Symbol: LIN) is up about 1.1%, Ecolab Inc (Symbol: ECL) is up about 0.5%, and DuPont (Symbol: DD) is up by about 0.1%. 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 $47.05 per share, with $61.16 as the 52 week high point — that compares with a last trade of $57.18. 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).
|
0fa2e3e7-0841-4b0b-bbce-b3cc93983358
|
716354.0
|
2019-08-30 00:00:00 UTC
|
Friday Sector Leaders: Materials, Financial
|
DD
|
https://www.nasdaq.com/articles/friday-sector-leaders%3A-materials-financial-2019-08-30
|
nan
|
nan
|
In afternoon trading on Friday, Materials stocks are the best performing sector, up 0.7%. Within the sector, DuPont (Symbol: DD) and LyondellBasell Industries NV (Symbol: LYB) are two large stocks leading the way, showing a gain of 3.3% and 2.6%, respectively. Among the high volume ETFs, one ETF closely following materials stocks is the Materials Select Sector SPDR ETF (Symbol: XLB), which is up 0.7% on the day, and up 13.43% year-to-date. DuPont, meanwhile, is down 38.73% year-to-date, and LyondellBasell Industries NV, is down 4.56% year-to-date. Combined, DD and LYB make up approximately 10.9% of the underlying holdings of XLB.
The next best performing sector is the Financial sector, higher by 0.5%. Among large Financial stocks, Arthur J. Gallagher & Co. (Symbol: AJG) and The Charles Schwab Corporation (Symbol: SCHW) are the most notable, showing a gain of 2.2% and 1.6%, respectively. One ETF closely tracking Financial stocks is the Financial Select Sector SPDR ETF (XLF), which is up 0.5% in midday trading, and up 14.35% on a year-to-date basis. Arthur J. Gallagher & Co., meanwhile, is up 24.31% year-to-date, and The Charles Schwab Corporation, is down 6.36% year-to-date. Combined, AJG and SCHW make up approximately 2.0% of the underlying holdings of XLF.
Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom:
Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Friday. As you can see, six sectors are up on the day, while three sectors are down.
10 ETFs With Stocks That Insiders Are Buying »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Combined, DD and LYB make up approximately 10.9% of the underlying holdings of XLB. Within the sector, DuPont (Symbol: DD) and LyondellBasell Industries NV (Symbol: LYB) are two large stocks leading the way, showing a gain of 3.3% and 2.6%, respectively. One ETF closely tracking Financial stocks is the Financial Select Sector SPDR ETF (XLF), which is up 0.5% in midday trading, and up 14.35% on a year-to-date basis.
|
Within the sector, DuPont (Symbol: DD) and LyondellBasell Industries NV (Symbol: LYB) are two large stocks leading the way, showing a gain of 3.3% and 2.6%, respectively. Combined, DD and LYB make up approximately 10.9% of the underlying holdings of XLB. One ETF closely tracking Financial stocks is the Financial Select Sector SPDR ETF (XLF), which is up 0.5% in midday trading, and up 14.35% on a year-to-date basis.
|
One ETF closely tracking Financial stocks is the Financial Select Sector SPDR ETF (XLF), which is up 0.5% in midday trading, and up 14.35% on a year-to-date basis. Within the sector, DuPont (Symbol: DD) and LyondellBasell Industries NV (Symbol: LYB) are two large stocks leading the way, showing a gain of 3.3% and 2.6%, respectively. Combined, DD and LYB make up approximately 10.9% of the underlying holdings of XLB.
|
One ETF closely tracking Financial stocks is the Financial Select Sector SPDR ETF (XLF), which is up 0.5% in midday trading, and up 14.35% on a year-to-date basis. Within the sector, DuPont (Symbol: DD) and LyondellBasell Industries NV (Symbol: LYB) are two large stocks leading the way, showing a gain of 3.3% and 2.6%, respectively. Combined, DD and LYB make up approximately 10.9% of the underlying holdings of XLB.
|
407c5f03-16d6-4efc-9d9c-5297a1a23070
|
716355.0
|
2019-08-30 00:00:00 UTC
|
S&P 500 Movers: ULTA, CPB
|
DD
|
https://www.nasdaq.com/articles/sp-500-movers%3A-ulta-cpb-2019-08-30
|
nan
|
nan
|
In early trading on Friday, shares of Campbell Soup topped the list of the day's best performing components of the S&P 500 index, trading up 6.8%. Year to date, Campbell Soup registers a 40.2% gain.
And the worst performing S&P 500 component thus far on the day is Ulta Beauty, trading down 26.4%. Ulta Beauty is showing a gain of 1.4% looking at the year to date performance.
Two other components making moves today are Cooper Companies, trading down 8.5%, and DuPont, trading up 5.2% on the day.
VIDEO: S&P 500 Movers: ULTA, CPB
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Year to date, Campbell Soup registers a 40.2% gain. And the worst performing S&P 500 component thus far on the day is Ulta Beauty, trading down 26.4%. Ulta Beauty is showing a gain of 1.4% looking at the year to date performance.
|
In early trading on Friday, shares of Campbell Soup topped the list of the day's best performing components of the S&P 500 index, trading up 6.8%. Year to date, Campbell Soup registers a 40.2% gain. And the worst performing S&P 500 component thus far on the day is Ulta Beauty, trading down 26.4%.
|
In early trading on Friday, shares of Campbell Soup topped the list of the day's best performing components of the S&P 500 index, trading up 6.8%. And the worst performing S&P 500 component thus far on the day is Ulta Beauty, trading down 26.4%. Two other components making moves today are Cooper Companies, trading down 8.5%, and DuPont, trading up 5.2% on the day.
|
In early trading on Friday, shares of Campbell Soup topped the list of the day's best performing components of the S&P 500 index, trading up 6.8%. And the worst performing S&P 500 component thus far on the day is Ulta Beauty, trading down 26.4%. VIDEO: S&P 500 Movers: ULTA, CPB The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
68b18f2a-60b9-4475-8cad-898f4b39d36f
|
716356.0
|
2019-08-21 00:00:00 UTC
|
The Materials Select Sector SPDR Fund Experiences Big Inflow
|
DD
|
https://www.nasdaq.com/articles/the-materials-select-sector-spdr-fund-experiences-big-inflow-2019-08-21
|
nan
|
nan
|
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 $174.8 million dollar inflow -- that's a 4.4% increase week over week in outstanding units (from 69,870,000 to 72,970,000). Among the largest underlying components of XLB, in trading today Ecolab Inc (Symbol: ECL) is up about 0.6%, DuPont (Symbol: DD) is up about 2%, and Air Products & Chemicals Inc (Symbol: APD) is higher by about 0.9%. 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 $47.05 per share, with $61.16 as the 52 week high point — that compares with a last trade of $56.86. 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.
|
Among the largest underlying components of XLB, in trading today Ecolab Inc (Symbol: ECL) is up about 0.6%, DuPont (Symbol: DD) is up about 2%, and Air Products & Chemicals Inc (Symbol: APD) is higher by about 0.9%. 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 $174.8 million dollar inflow -- that's a 4.4% increase week over week in outstanding units (from 69,870,000 to 72,970,000). These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
|
Among the largest underlying components of XLB, in trading today Ecolab Inc (Symbol: ECL) is up about 0.6%, DuPont (Symbol: DD) is up about 2%, and Air Products & Chemicals Inc (Symbol: APD) is higher by about 0.9%. 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 $47.05 per share, with $61.16 as the 52 week high point — that compares with a last trade of $56.86. Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.
|
Among the largest underlying components of XLB, in trading today Ecolab Inc (Symbol: ECL) is up about 0.6%, DuPont (Symbol: DD) is up about 2%, and Air Products & Chemicals Inc (Symbol: APD) is higher by about 0.9%. 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 $174.8 million dollar inflow -- that's a 4.4% increase week over week in outstanding units (from 69,870,000 to 72,970,000). 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 $47.05 per share, with $61.16 as the 52 week high point — that compares with a last trade of $56.86.
|
Among the largest underlying components of XLB, in trading today Ecolab Inc (Symbol: ECL) is up about 0.6%, DuPont (Symbol: DD) is up about 2%, and Air Products & Chemicals Inc (Symbol: APD) is higher by about 0.9%. 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 $174.8 million dollar inflow -- that's a 4.4% increase week over week in outstanding units (from 69,870,000 to 72,970,000). 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 $47.05 per share, with $61.16 as the 52 week high point — that compares with a last trade of $56.86.
|
b735a008-afd7-47da-897c-a516030bdbbc
|
716357.0
|
2019-08-12 00:00:00 UTC
|
Notable ETF Outflow Detected - XLB, DD, ECL, APD
|
DD
|
https://www.nasdaq.com/articles/notable-etf-outflow-detected-xlb-dd-ecl-apd-2019-08-12
|
nan
|
nan
|
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 $150.1 million dollar outflow -- that's a 3.4% decrease week over week (from 76,770,000 to 74,170,000). Among the largest underlying components of XLB, in trading today DuPont (Symbol: DD) is off about 0.1%, Ecolab Inc (Symbol: ECL) is up about 0.2%, and Air Products & Chemicals Inc (Symbol: APD) is higher by about 0.6%. 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 $47.05 per share, with $61.16 as the 52 week high point — that compares with a last trade of $57.63. 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.
|
Among the largest underlying components of XLB, in trading today DuPont (Symbol: DD) is off about 0.1%, Ecolab Inc (Symbol: ECL) is up about 0.2%, and Air Products & Chemicals Inc (Symbol: APD) is higher by about 0.6%. 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 $150.1 million dollar outflow -- that's a 3.4% decrease week over week (from 76,770,000 to 74,170,000). These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
|
Among the largest underlying components of XLB, in trading today DuPont (Symbol: DD) is off about 0.1%, Ecolab Inc (Symbol: ECL) is up about 0.2%, and Air Products & Chemicals Inc (Symbol: APD) is higher by about 0.6%. 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 $47.05 per share, with $61.16 as the 52 week high point — that compares with a last trade of $57.63. 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).
|
Among the largest underlying components of XLB, in trading today DuPont (Symbol: DD) is off about 0.1%, Ecolab Inc (Symbol: ECL) is up about 0.2%, and Air Products & Chemicals Inc (Symbol: APD) is higher by about 0.6%. 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 $150.1 million dollar outflow -- that's a 3.4% decrease week over week (from 76,770,000 to 74,170,000). 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 $47.05 per share, with $61.16 as the 52 week high point — that compares with a last trade of $57.63.
|
Among the largest underlying components of XLB, in trading today DuPont (Symbol: DD) is off about 0.1%, Ecolab Inc (Symbol: ECL) is up about 0.2%, and Air Products & Chemicals Inc (Symbol: APD) is higher by about 0.6%. 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 $150.1 million dollar outflow -- that's a 3.4% decrease week over week (from 76,770,000 to 74,170,000). 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 $47.05 per share, with $61.16 as the 52 week high point — that compares with a last trade of $57.63.
|
c14bb3be-99d8-45da-ac85-31b5a7da20a7
|
716358.0
|
2019-07-23 00:00:00 UTC
|
Buy Dow Stock for the Dividend as the Breakup Dust Settles
|
DD
|
https://www.nasdaq.com/articles/buy-dow-stock-for-the-dividend-as-the-breakup-dust-settles-2019-07-23
|
nan
|
nan
|
After several years of planning, negotiations, talking with regulators, and other such work, the great DowDuPont (Dow ((NYSE:)), DuPont ((NYSE:)) merger and subsequent breakup is complete. The old Dow Chemical and DuPont merged awhile ago with the explicit intention to break back up afterward. Why’d they do this? And what’s it mean for the new DOW stock?
Click to Enlarge
Source: Shutterstock
The strategic rationale is a solid one. Both Dow and DuPont had a lot of businesses and product lines that competed directly with each other. The firms were fierce rivals, in fact.
By bringing everything together in one company, Dow and DuPont could stop needlessly competing with each other. However, the combined firm was an absolute industrial behemoth. To keep things manageable, the companies decided to split the united organization up into three standalone entities.
With the completed spin-off of Corteva (NYSE:) earlier this spring, the long M&A process is finally over. DowDupont has now fully demerged into three entities: Dow, Dupont and Corteva. Dow is the commodity chemical business, with a general focus on products made out of hydrocarbons. DuPont makes a wide variety of chemicals that go into a large number of industrial applications. Corteva is the smallest firm of the three and focuses exclusively on agricultural seeds and chemicals.
DuPont and Corteva Offer More Growth
Of the three firms, Corteva should offer investors the most growth prospects. Its seeds business, in particular, is a strong one. It has only a few rivals, namely Monsanto and Syngenta. Both of those firms produced massive shareholder returns in recent decades before being acquired. Farmers rely on the trio of those two, plus Corteva, for cutting-edge seeds that boost agricultural production and help resist pests and drought among other maladies.
Corteva’s agricultural chemicals are also designed, in large part, to work in combination with its GMO seeds. Both Dow and DuPont had a strong business in agriculture, so the combined firm should be a winner. I added to my CTVA stock position after the spin-off concluded.
DuPont is another interesting option out of the three. Post-M&A activity, DuPont is now exposed to a vast number of businesses. These range from kitchen plastic wrap to Kevlar vests, micro-components for automotive electronics and a long list of other such things. DuPont gets no more than 15% of its revenues from any one industry.
This gives it wide diversification and protects it from a recession more than most other industrial firms. DD stock should offer folks a strong growth and income combination, though its starting 2% dividend yield isn’t massive.
The Best Option for Dividend Investors
While DuPont and Corteva offer attractive growth, the main appeal for DOW stock is its . DOW stock offers a 70 cent per quarter payout. That’s $2.80 per year, or a nearly 5.5% dividend yield at the current Dow stock price.
Based on current earnings projections, Dow can cover that payout from its earnings though it is certainly an aggressive payout. Over time, Dow should be able to grow its earnings, as it has cut nearly $1.4 billion in costs as a result of merger synergies. It expects to pick up several hundred million more in additional savings.
Over time, Dow plans to return 65% of its cash flow to investors, with around 45% of that coming in the form of dividends. The rest will be devoted to DOW stock buybacks.
This strategy makes a lot of sense. Dow is, generally, in a lot of slow-growing or mature businesses. It doesn’t need to invest much in R&D as a result, unlike, say, Corteva with its next-gen agricultural seeds. So the new Dow is an ideal vehicle for income-focused investors.
Dow Stock Verdict
That said, it’s not all roses and sunshine for investors in the Dow Chemical. A lot of Dow’s businesses are pretty stagnant. And a good number rely on oil as an input and are subject to margin pressures depending on commodity prices. As it is, analysts see Dow’s revenues actually falling a bit in 2019 before leveling off in 2020 and 2021. The earnings growth, to the extent it comes, will be from cost savings. The share buyback should also raise EPS once it starts taking effect.
There’s a lot to like about Dow Inc’s stock post-breakup if you are an income investor. The stock already yields 5.5%, which puts it at nearly triple the S&P 500’s yield or that of 10-year treasury bonds.
If Dow management is able to follow through on projected cost savings, it should be able to hike the dividend dramatically over the next two years. If management hits its projections, DOW stock’s yield could reach 7% within a couple of years.
Don’t expect DOW stock to skyrocket anytime soon, however. Competitors like LyondellBasell Industries (NYSE:) and Westlake Chemical (NYSE:) trade at around 8x earnings.
So Dow, at 9x, is actually slightly more expensive than its immediate peers. The dividend is great, but investors simply aren’t going to value a stodgy low-growth chemical business very highly. And earnings – and the dividend – could get hit the next time a recession rolls around.
At the time of this writing, Ian Bezek owned DOW, DD, and CTVA stock. You can reach him on Twitter at @irbezek.
The post 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.
|
DD stock should offer folks a strong growth and income combination, though its starting 2% dividend yield isn’t massive. I added to my CTVA stock position after the spin-off concluded. It expects to pick up several hundred million more in additional savings.
|
DD stock should offer folks a strong growth and income combination, though its starting 2% dividend yield isn’t massive. I added to my CTVA stock position after the spin-off concluded. It expects to pick up several hundred million more in additional savings.
|
I added to my CTVA stock position after the spin-off concluded. DD stock should offer folks a strong growth and income combination, though its starting 2% dividend yield isn’t massive. It expects to pick up several hundred million more in additional savings.
|
DD stock should offer folks a strong growth and income combination, though its starting 2% dividend yield isn’t massive. I added to my CTVA stock position after the spin-off concluded. It expects to pick up several hundred million more in additional savings.
|
ab2af6e0-81ce-436d-81f9-1bd74bdc11aa
|
716359.0
|
2019-07-18 00:00:00 UTC
|
XLB, IVOL: Big ETF Inflows
|
DD
|
https://www.nasdaq.com/articles/xlb-ivol%3A-big-etf-inflows-2019-07-18
|
nan
|
nan
|
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in The Materials Select Sector SPDR Fund (XLB), which added 7,450,000 units, or a 10.2% increase week over week. Among the largest underlying components of XLB, in morning trading today Linde (LIN) is up about 0.6%, and Dupont de Nemours (DD) is relatively unchanged.
And on a percentage change basis, the ETF with the biggest increase in inflows was the IVOL ETF (IVOL), which added 400,000 units, for a 36.4% increase in outstanding units.
VIDEO: XLB, IVOL: Big ETF Inflows
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Among the largest underlying components of XLB, in morning trading today Linde (LIN) is up about 0.6%, and Dupont de Nemours (DD) is relatively unchanged. And on a percentage change basis, the ETF with the biggest increase in inflows was the IVOL ETF (IVOL), which added 400,000 units, for a 36.4% increase in outstanding units. Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in The Materials Select Sector SPDR Fund (XLB), which added 7,450,000 units, or a 10.2% increase week over week.
|
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in The Materials Select Sector SPDR Fund (XLB), which added 7,450,000 units, or a 10.2% increase week over week. And on a percentage change basis, the ETF with the biggest increase in inflows was the IVOL ETF (IVOL), which added 400,000 units, for a 36.4% increase in outstanding units. Among the largest underlying components of XLB, in morning trading today Linde (LIN) is up about 0.6%, and Dupont de Nemours (DD) is relatively unchanged.
|
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in The Materials Select Sector SPDR Fund (XLB), which added 7,450,000 units, or a 10.2% increase week over week. And on a percentage change basis, the ETF with the biggest increase in inflows was the IVOL ETF (IVOL), which added 400,000 units, for a 36.4% increase in outstanding units. Among the largest underlying components of XLB, in morning trading today Linde (LIN) is up about 0.6%, and Dupont de Nemours (DD) is relatively unchanged.
|
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in The Materials Select Sector SPDR Fund (XLB), which added 7,450,000 units, or a 10.2% increase week over week. Among the largest underlying components of XLB, in morning trading today Linde (LIN) is up about 0.6%, and Dupont de Nemours (DD) is relatively unchanged. And on a percentage change basis, the ETF with the biggest increase in inflows was the IVOL ETF (IVOL), which added 400,000 units, for a 36.4% increase in outstanding units.
|
79a290eb-bb7a-4b3a-9084-a6b075714c8b
|
716360.0
|
2019-07-16 00:00:00 UTC
|
What Are DuPont's Key Businesses?
|
DD
|
https://www.nasdaq.com/articles/what-are-duponts-key-businesses-2019-07-16
|
nan
|
nan
|
DuPont (NYSE:DD) is a U.S.-based specialty products company, which merged with the Dow Chemical Company to create DowDuPont in 2017. DowDuPont subsequently split into three businesses: Agriculture Products, which now falls under Corteva Inc., Materials Science business, which now falls under Dow Inc., and Specialty Products, which is with DuPont. In this note we discuss the key revenue sources for DuPont. You can look at our interactive dashboard analysis ~ What Are DuPont’s Key Sources of Revenue? ~ for more details. In addition, you can see more of our data for chemical companies here.
Nutrition & Biosciences Is The Largest Segment For DuPont, In Terms of Revenue
Revenue Contribution as of 2018:
Nutrition & Biosciences: 30%
Transportation & Advance Polymers: 25%
Safety & Construction: 24%
Electronics & Imaging: 21%
DuPont Generates Its Revenues From Electronics & Imaging, Nutrition & Biosciences, Transportation & Advance Polymers, and Safety & Construction Businesses
Transportation and Advanced Polymers segment provides material solutions with high-performance engineering resins, adhesives, lubricants, and parts for the transportation, electronics, and medical industries.
Electronic & Imaging business offers high-performance materials designed for specific use in the electronic industry. Electronic materials are primarily used in the production of electronic displays, fabrication of printed circuit boards, and integrated metallization processes.
Nutrition & Biosciences products includes soy-based food ingredients and food processing chemicals. The company sells probiotics and cultures, specialty proteins, systems and texturants, and excipients.
Industrial BioSciences primarily focuses on new product development to assess and build commercial viability of other businesses through biotechnology and engineering solutions including enzymes, biomaterials, biocides, and antimicrobial solutions, and process technology.
Safety and Construction primarily includes supply of safety and protection materials globally.
DuPont’s Revenue On A Standalone Basis Could Grow In Low Single-Digits In 2019
DuPont’s total revenues grew from $19.6 billion in 2016 to $22.7 billion in 2018.
It could grow to $23.1 billion in 2019, reflecting around 2% y-o-y growth. Note that the total revenues figures above are excluding the Corteva and Dow businesses, which were split off in Q2 2019.
Electronics & Imaging near term revenues could be impacted by softer smartphone demand and weakness in photovoltaics.
Nutrition & Biosciences could see low single-digit growth in the near term led by higher demand for protein solutions, and also benefiting from last year’s acquisition of FMC’s health and nutrition business, while the Transportation & Advance Polymers segment could benefit from higher pricing for engineering polymers, a trend seen in the recent past.
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
All Trefis Data
Like our charts? Explore example interactive dashboards and create your own.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
DuPont (NYSE:DD) is a U.S.-based specialty products company, which merged with the Dow Chemical Company to create DowDuPont in 2017. In addition, you can see more of our data for chemical companies here. Nutrition & Biosciences Is The Largest Segment For DuPont, In Terms of Revenue Revenue Contribution as of 2018: Nutrition & Biosciences: 30% Transportation & Advance Polymers: 25% Safety & Construction: 24% Electronics & Imaging: 21% DuPont Generates Its Revenues From Electronics & Imaging, Nutrition & Biosciences, Transportation & Advance Polymers, and Safety & Construction Businesses Transportation and Advanced Polymers segment provides material solutions with high-performance engineering resins, adhesives, lubricants, and parts for the transportation, electronics, and medical industries.
|
DuPont (NYSE:DD) is a U.S.-based specialty products company, which merged with the Dow Chemical Company to create DowDuPont in 2017. In addition, you can see more of our data for chemical companies here. DowDuPont subsequently split into three businesses: Agriculture Products, which now falls under Corteva Inc., Materials Science business, which now falls under Dow Inc., and Specialty Products, which is with DuPont.
|
DuPont (NYSE:DD) is a U.S.-based specialty products company, which merged with the Dow Chemical Company to create DowDuPont in 2017. In addition, you can see more of our data for chemical companies here. DowDuPont subsequently split into three businesses: Agriculture Products, which now falls under Corteva Inc., Materials Science business, which now falls under Dow Inc., and Specialty Products, which is with DuPont.
|
DuPont (NYSE:DD) is a U.S.-based specialty products company, which merged with the Dow Chemical Company to create DowDuPont in 2017. In addition, you can see more of our data for chemical companies here. Nutrition & Biosciences Is The Largest Segment For DuPont, In Terms of Revenue Revenue Contribution as of 2018: Nutrition & Biosciences: 30% Transportation & Advance Polymers: 25% Safety & Construction: 24% Electronics & Imaging: 21% DuPont Generates Its Revenues From Electronics & Imaging, Nutrition & Biosciences, Transportation & Advance Polymers, and Safety & Construction Businesses Transportation and Advanced Polymers segment provides material solutions with high-performance engineering resins, adhesives, lubricants, and parts for the transportation, electronics, and medical industries.
|
028c8f4f-81c4-4d51-b33a-df13fbbdd8ab
|
716361.0
|
2019-07-10 00:00:00 UTC
|
Notable ETF Inflow Detected - XLB, LIN, DD, APD
|
DD
|
https://www.nasdaq.com/articles/notable-etf-inflow-detected-xlb-lin-dd-apd-2019-07-10
|
nan
|
nan
|
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 $158.6 million dollar inflow -- that's a 3.9% increase week over week in outstanding units (from 70,620,000 to 73,370,000). Among the largest underlying components of XLB, in trading today Linde plc (Symbol: LIN) is up about 0.6%, DuPont (Symbol: DD) is trading flat, and Air Products & Chemicals Inc (Symbol: APD) is higher by about 0.7%. 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 $47.05 per share, with $61.16 as the 52 week high point — that compares with a last trade of $57.80. 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.
|
Among the largest underlying components of XLB, in trading today Linde plc (Symbol: LIN) is up about 0.6%, DuPont (Symbol: DD) is trading flat, and Air Products & Chemicals Inc (Symbol: APD) is higher by about 0.7%. 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 $158.6 million dollar inflow -- that's a 3.9% increase week over week in outstanding units (from 70,620,000 to 73,370,000). These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
|
Among the largest underlying components of XLB, in trading today Linde plc (Symbol: LIN) is up about 0.6%, DuPont (Symbol: DD) is trading flat, and Air Products & Chemicals Inc (Symbol: APD) is higher by about 0.7%. 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 $47.05 per share, with $61.16 as the 52 week high point — that compares with a last trade of $57.80. Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.
|
Among the largest underlying components of XLB, in trading today Linde plc (Symbol: LIN) is up about 0.6%, DuPont (Symbol: DD) is trading flat, and Air Products & Chemicals Inc (Symbol: APD) is higher by about 0.7%. 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 $158.6 million dollar inflow -- that's a 3.9% increase week over week in outstanding units (from 70,620,000 to 73,370,000). 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 $47.05 per share, with $61.16 as the 52 week high point — that compares with a last trade of $57.80.
|
Among the largest underlying components of XLB, in trading today Linde plc (Symbol: LIN) is up about 0.6%, DuPont (Symbol: DD) is trading flat, and Air Products & Chemicals Inc (Symbol: APD) is higher by about 0.7%. 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 $158.6 million dollar inflow -- that's a 3.9% increase week over week in outstanding units (from 70,620,000 to 73,370,000). 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 $47.05 per share, with $61.16 as the 52 week high point — that compares with a last trade of $57.80.
|
780a6f93-bdb1-4935-8636-0c950a9b5035
|
716362.0
|
2019-07-01 00:00:00 UTC
|
Dow Stock Is a Misjudged, Undervalued Dividend Play Worth a Shot
|
DD
|
https://www.nasdaq.com/articles/dow-stock-is-a-misjudged-undervalued-dividend-play-worth-a-shot-2019-07-01
|
nan
|
nan
|
Owners of chemical giant Dow Inc (NYSE:) expecting the recent three-way split to immediately “unlock value” are likely to be disappointed. DOW stock is down — again — since its late-March separation from parent company DuPont de Nemours (NYSE:) and fellow spinoff sibling Corteva (NYSE:). Even more worrisome, the technical chart suggests more pain to follow.
Source:
However, you may want to catch this falling knife for a few reasons.
First, we don’t know much about the true fundamentals driving Dow Inc stock. Thus, current investors are somewhat acting on blind faith. The other reason? Chemical stocks have performed relatively poorly. Therefore, mere association keeps a lid on DOW.
Don’t let either impasse deter you though.
Following the Herd
It was a curious if not confusing saga. Dow and DuPont in 2017, but with the ultimate intent of splitting into the three companies. For management to implement greater fiscal efficiencies and more effective groupings, they consolidated the various pieces and acquisitions.
With the improvements and restructuring finally falling into place last year, management spun off DOW in March. Shares of Dow Inc stock began trading independently on March 20th. Agricultural chemical outfit Corteva became a fully independent company with its own stock on May 24th.
Investors weren’t particularly kind to either name, initially. They’ve also been notably wary of DuPont, superficially suggesting the split may have been a mistake. Some value exists in levering expertise in a specific area. But perhaps in this instance it wasn’t necessary.
Or, the market was simply dragging all three names lower.
That is largely what happened, by the way. The S&P 500 rolled over in early May, accelerating the selloff Dow stock was already working on. Chemicals as a group fared no better. The market-wide (and industry-wide) tide also lifted DOW in early June; Corteva shares finally caught up in the latter half of June.
None of the early weaknesses properly represents their true fundamental value. Instead, mere technical factors drove them down.
Hidden Value
That said, it’s difficult to blame investors for letting Dow Inc stock roll with the tide. While the spinoff was completed in March, critical fundamental data about Dow remains elusive.
However, elusive doesn’t mean that it’s impossible to obtain. Thomson Reuters can supply it to those who are willing to dig. And what various analysts have dug up so far is compelling. Namely, experts predict Dow — the new and improved standalone Dow — to remain profitable, and grow.
Value exists here too. The expected earnings of $4.37 per share this year translates into a price-earnings ratio of 11.5. Next year’s projected bottom line of $5.28 per share of DOW stock becomes a price-earnings of 9.5.
Those profit projections leave plenty of room for dividends too, which Dow has already been readily willing to pay. It dished out 70 cents worth of per-share dividend in June. Annualizing that figure to $2.80 is still only a little over half the company’s likely income. It also represents an above-average yield of 5.6% for investors that step into a position at today’s prices.
Investors are struggling to see it though, mostly because there’s no recorded history for this particular version of Dow Inc.
Looking Ahead for Dow Stock
Admittedly, it’s not a black-and-white matter. While the average retail investor may not see it, the institutional investors are likely at least moderately aware of the reliable growth narrative here. After all, they largely control the market, and individual stock prices. The smart-money crowd clearly didn’t keep Dow stock propped up against the market’s bearish tide when they arguably should have.
That’s still a rather tall order just three months out from the spinoff though. Even the professionals are still struggling to gather and digest all the relevant data. At the same time, they’re adjusting their guesses to reflect the impact of the U.S.-China tariff war.
As time passes and the fog lifts though, look for the value play for Dow stock to conspicuously emerge.
As of this writing, James Brumley held no position in any of the aforementioned securities. You can learn more about James at his site, , or follow him on Twitter, at @jbrumley.
The post 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.
|
Hidden Value That said, it’s difficult to blame investors for letting Dow Inc stock roll with the tide. Owners of chemical giant Dow Inc (NYSE:) expecting the recent three-way split to immediately “unlock value” are likely to be disappointed. With the improvements and restructuring finally falling into place last year, management spun off DOW in March.
|
Hidden Value That said, it’s difficult to blame investors for letting Dow Inc stock roll with the tide. DOW stock is down — again — since its late-March separation from parent company DuPont de Nemours (NYSE:) and fellow spinoff sibling Corteva (NYSE:). The market-wide (and industry-wide) tide also lifted DOW in early June; Corteva shares finally caught up in the latter half of June.
|
Hidden Value That said, it’s difficult to blame investors for letting Dow Inc stock roll with the tide. DOW stock is down — again — since its late-March separation from parent company DuPont de Nemours (NYSE:) and fellow spinoff sibling Corteva (NYSE:). First, we don’t know much about the true fundamentals driving Dow Inc stock.
|
Hidden Value That said, it’s difficult to blame investors for letting Dow Inc stock roll with the tide. While the spinoff was completed in March, critical fundamental data about Dow remains elusive. While the average retail investor may not see it, the institutional investors are likely at least moderately aware of the reliable growth narrative here.
|
eadac6ca-3d0d-4962-b801-38603ede669e
|
716363.0
|
2019-06-27 00:00:00 UTC
|
Daily Dividend Report: WOR, DIS, DD, LMT, HPQ
|
DD
|
https://www.nasdaq.com/articles/daily-dividend-report%3A-wor-dis-dd-lmt-hpq-2019-06-27
|
nan
|
nan
|
Worthington Industries (WOR) has declared a quarterly dividend of $0.24 per share, an increase of $0.01 per share from the prior quarter. The dividend is payable on Sept. 27, 2019, to shareholders of record Sept. 13, 2019.
The Walt Disney Company (DIS) Board of Directors announced a semi-annual cash dividend of $0.88 per share, payable on July 25, 2019 to shareholders of record at the close of business on July 8, 2019.
DuPont's board of directors declared a third quarter dividend of $0.30 per share on the outstanding common stock of the company (par value $0.01 per share) payable on September 13, 2019, to holders of record of said stock at the close of business on July 31, 2019.
The Lockheed Martin Corporation (LMT) board of directors has authorized a third quarter 2019 dividend of $2.20 per share. The dividend is payable on Sept. 27, 2019, to holders of record as of the close of business on Sept. 3, 2019.
The HP board of directors has declared a cash dividend of $0.1602 per share on the company's common stock. The dividend, the fourth in HP's fiscal year 2019, is payable on October 2, 2019, to stockholders of record as of the close of business on September 11, 2019.
VIDEO: Daily Dividend Report: WOR, DIS, DD, LMT, HPQ
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
VIDEO: Daily Dividend Report: WOR, DIS, DD, LMT, HPQ The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The Lockheed Martin Corporation (LMT) board of directors has authorized a third quarter 2019 dividend of $2.20 per share. The HP board of directors has declared a cash dividend of $0.1602 per share on the company's common stock.
|
VIDEO: Daily Dividend Report: WOR, DIS, DD, LMT, HPQ The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The Walt Disney Company (DIS) Board of Directors announced a semi-annual cash dividend of $0.88 per share, payable on July 25, 2019 to shareholders of record at the close of business on July 8, 2019. DuPont's board of directors declared a third quarter dividend of $0.30 per share on the outstanding common stock of the company (par value $0.01 per share) payable on September 13, 2019, to holders of record of said stock at the close of business on July 31, 2019.
|
VIDEO: Daily Dividend Report: WOR, DIS, DD, LMT, HPQ The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Worthington Industries (WOR) has declared a quarterly dividend of $0.24 per share, an increase of $0.01 per share from the prior quarter. The Walt Disney Company (DIS) Board of Directors announced a semi-annual cash dividend of $0.88 per share, payable on July 25, 2019 to shareholders of record at the close of business on July 8, 2019.
|
VIDEO: Daily Dividend Report: WOR, DIS, DD, LMT, HPQ The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The Walt Disney Company (DIS) Board of Directors announced a semi-annual cash dividend of $0.88 per share, payable on July 25, 2019 to shareholders of record at the close of business on July 8, 2019. DuPont's board of directors declared a third quarter dividend of $0.30 per share on the outstanding common stock of the company (par value $0.01 per share) payable on September 13, 2019, to holders of record of said stock at the close of business on July 31, 2019.
|
90e1d803-5297-4004-b013-0d0c85d913bd
|
716364.0
|
2019-06-25 00:00:00 UTC
|
Dow Stock Should Be Cheap – But Not This Cheap
|
DD
|
https://www.nasdaq.com/articles/dow-stock-should-be-cheap-but-not-this-cheap-2019-06-25
|
nan
|
nan
|
On its face, Dow (NYSE:) looks like a screaming buy. The petrochemical giant plays a largely irreplaceable role in the global supply chain, but DOW stock hardly seems to reflect that reality. DOW trades at nearly 9x 2020 EPS estimates while providing a 5.7% dividend yield. That is among the highest in the market.
Source: Shutterstock
But as is the case in investing, it’s not quite that simple. There are significant risks here. Short-term, could slow macro growth and the demand for Dow products. The company itself believes tariffs will have as much as a $100 million impact on EBITDA this year. Looking out further, a cyclical slowdown represents yet another risk.
Dow remains a classic cyclical stock. The big fear is that Dow Inc stock looks cheap because its earnings are nearing a peak. The valuation isn’t a sign of the market not paying attention and leaving DOW cheap. Rather, investors are pricing in a likely decline in future earnings.
DOW stock looks attractive here despite the risks.
The Risks to DOW Stock
The risks to DOW stock can be seen clearly in the first quarter report. Dow Inc of DowDuPont at the time, but the company released pro forma results for the quarter in early May. They weren’t pretty.
Revenue fell 10% year-over-year. Notably, volume rose 1% — which is a key point to understand here. Dow’s products faced major pricing volatility that went against the company significantly in the first quarter. That wasn’t necessarily a surprise: DowDuPont had in late January. DowDuPont stock also fell over 9% after that guidance was released — and Dow Inc modestly under-performed the outlook, which had projected a “high-single-digit” decline in revenue.
The big driver, according to Dow’s Q1 presentation, was a substantial compression in polyethylene margin. Essentially, Dow’s prices came down, which in turn had an amplified effect on margins. Dow’s Adjusted EBITDA fell 24% and adjusted operating income declined by one-third.
The worry is that polyethylene margin weakness isn’t a one-quarter problem. New supply has come online, with Exxon Mobil (NYSE:) and LyondellBasell (NYSE:) adding even more this year. Lower natural gas and oil prices present .
Dow saw similar margin issues in other markets, including isocyanates and siloaxanes. Currency had a negative effect as well. All of these factors go to the same broad risk: Dow’s pricing power is coming down, and potentially staying down. This suggests earnings will continue to decline — meaning DOW stock is not anywhere close to as cheap as it looks.
The Case for Dow Inc Stock
Those risks can’t be ignored, but on its face, Dow doesn’t seem similar to stocks like Caterpillar (NYSE:) or Deere (NYSE:), whose sales and profits swing wildly with economic conditions. But at least as far as earnings go, it can be as volatile — which generally leads to a discount from investors.
A better (if seemingly odd) comparison might be memory chip manufacturer Micron Technology (NASDAQ:). Micron’s end demand isn’t that volatile. But pricing swings are enormous, driven — as in the case of polyethylene — in part by capacity additions among industry producers.
Dow’s earnings aren’t nearly as volatile as those of MU, but the broader point holds. Using four-quarter earnings to value either stock is going to make both look cheap. It’s important to understand where those earnings sit in relation to the cycle to truly understand fair value.
It’s that understanding that actually makes DOW stock look reasonably attractive. Earnings might be near a peak, but there are growth opportunities on the way. Before the spin the company highlighted some $800 million in cost savings between synergies and the removal of so-called “stranded costs.” Dow has its own capacity coming online over the next few years. Capital expenditures should moderate going forward, freeing up more cash for dividend growth and buybacks.
The point is that margin pressure is a real risk. But Dow has more than a few levers to pull to offset that pressure. At 9x earnings and with a yield nearing 6%, Dow Inc doesn’t need to do much more.
DOW Stock: An Aggressive Play
I wrote earlier this month that Dow Inc stock was Dow Jones Index components so far this year. That’s a bit of a stretch, but it was a way to highlight the disappointment that has accompanied the DowDuPont breakup. More than a few savvy value investors saw the breakup as creating $80 or more per share in value. The figure at the moment, based on current trading prices for DuPont (NYSE:) and Corteva (NYSE:), is under $50.
Short-term worries have led to those lower-than-expected returns and cannot be ignored. Dow is going to struggle if global macro growth slows. But the broader thesis of those value investors buying DWDP stock last year still holds. And it’s DOW stock that drove most of that upside.
That potential is why I also called DOW stock one of the best Dow Jones components for the rest of the year. It does make some sense why DOW shares are struggling at the moment, but there are enough reasons to believe that will change at some point.
As of this writing, Vince Martin has no positions in any securities mentioned.
The post 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.
|
New supply has come online, with Exxon Mobil (NYSE:) and LyondellBasell (NYSE:) adding even more this year. A better (if seemingly odd) comparison might be memory chip manufacturer Micron Technology (NASDAQ:). But pricing swings are enormous, driven — as in the case of polyethylene — in part by capacity additions among industry producers.
|
New supply has come online, with Exxon Mobil (NYSE:) and LyondellBasell (NYSE:) adding even more this year. A better (if seemingly odd) comparison might be memory chip manufacturer Micron Technology (NASDAQ:). But pricing swings are enormous, driven — as in the case of polyethylene — in part by capacity additions among industry producers.
|
New supply has come online, with Exxon Mobil (NYSE:) and LyondellBasell (NYSE:) adding even more this year. A better (if seemingly odd) comparison might be memory chip manufacturer Micron Technology (NASDAQ:). But pricing swings are enormous, driven — as in the case of polyethylene — in part by capacity additions among industry producers.
|
New supply has come online, with Exxon Mobil (NYSE:) and LyondellBasell (NYSE:) adding even more this year. A better (if seemingly odd) comparison might be memory chip manufacturer Micron Technology (NASDAQ:). But pricing swings are enormous, driven — as in the case of polyethylene — in part by capacity additions among industry producers.
|
e8bdbb02-33ad-49ff-aecc-1648a52aae0c
|
716365.0
|
2019-06-24 00:00:00 UTC
|
3 Under-the-Radar but Amazing Dividend Stocks
|
DD
|
https://www.nasdaq.com/articles/3-under-the-radar-but-amazing-dividend-stocks-2019-06-24
|
nan
|
nan
|
Most investors could probably name one or two industries that are home to a dense collection of blue chip dividend stocks. For instance, shares of oil supermajors, tobacco producers, and electric utilities tend to pay market-beating dividends. But a high yield isn't necessarily the only thing that makes a great dividend stock.
It's important for big payouts to be accompanied by a strong business that can generate significant cash flow in good markets and bad. With that in mind, we asked three contributors at The Motley Fool for their best under-the-radar income stocks. Here's why they chose DuPont (NYSE: DD), Phillips 66 Partners (NYSE: PSXP), and McCormick & Company (NYSE: MKC).
Image source: Getty Images.
Electric vehicles, 5G networks, and living technologies
Maxx Chatsko (DuPont): It's a little confusing, but the new DuPont is not the same company as the old DuPont. Despite flying under a familiar flag, the new business includes all of the specialty material science assets of both the old DuPont and the old Dow Chemical -- and nothing else. That said, it's expected to boast the highest operating margins among the three spinoffs from DowDuPont. It also sports a healthy annual dividend yield of 5.3%.
Income isn't the only thing that might draw in investors for a closer look. DuPont owns a collection of formidable brands including Tyvek (construction and packaging), the bio-based Sorona brand (high-performance fabrics), Kalrez (next-generation electronics including 5G hardware), and Vespel (aerospace). The latter two are expected to achieve a compound annual growth rate of 10% and 8%, respectively, through 2022. If the company can replicate its well-worn playbook for dominating markets with its materials science expertise, then shareholders should be treated pretty well.
That's hardly the only opportunity on the horizon. Materials from DuPont are commonly used in lightweight vehicles (read: replace heavier materials with lighter materials without sacrificing performance), which will become increasingly more important as electric vehicles capture market share. That's because battery-pack-slinging electric vehicles are traditionally heavier than their internal combustion counterparts. And being heavier isn't so great when customers are worried about the range of their new ride. Of course, the rise of electric vehicles will be great news for the business, which expects to generate $330 in revenue per electric vehicle, up from just $195 per vehicle running on liquid fuels.
While the dust is still settling from the spinoff, the financial flexibility of DuPont only figures to improve in the next several years. The business is still looking to divest certain assets and reduce capital expenditures, but it will repurchase $2 billion (or 4%) of outstanding shares and continue investing in core growth projects in the meantime. With approximately $22.6 billion in revenue and $6.4 billion in adjusted EBITDA generated in 2018, investors looking for a blue chip income stock shouldn't overlook the newest materials science company on the market.
Image source: Getty Images.
22 down and plenty of fuel to continue growing
Matt DiLallo (Phillips 66 Partners): Most investors have probably heard about energy manufacturing and logistics giant Phillips 66, if for no other reason than it counts Warren Buffett among its investors. However, with all the attention on the parent, fewer investors are likely very familiar with its master limited partnership (MLP) Phillips 66 Partners. That's a shame because the company has been an amazing dividend stock over the years. Overall, it has increased its distribution in all 22 quarters since its initial public offering in 2013. Those raises have helped boost Phillip 66 Partners' yield up to 6.8%.
The MLP backs that payout with solid financial metrics. The company generated enough cash during the recently completed first quarter to cover its distribution by a comfortable 1.3 times. Meanwhile, it ended the period with a leverage ratio of 2.8 times debt to EBITDA, which was well under the four times comfort level of most MLPs. That conservative financial profile gives Phillips 66 Partners the flexibility to continue investing in its expansion initiatives.
The company currently has several organic growth projects under construction, including a large-scale oil pipeline and an export terminal. As these projects enter service over the next 18 months, they'll supply the MLP with some incremental cash flow, some of which it will likely use to continue increasing its distribution to investors. That likelihood of continued income growth is why investors will want to get to know this amazing dividend stock.
Image source: Getty Images.
Spice up your dividend portfolio
Demitri Kalogeropoulos (McCormick): Spices and flavorings might not make for the most exciting products, but their sales have generated fantastic long-term returns for McCormick's shareholders. The good news is that, after a brief stumble in early 2019, its market-thumping operating gains look set to continue through the new fiscal year.
McCormick is expecting to boost sales by between 3% and 5% this year, which is a bit below management's target of around 5% each year. Yet that growth would still produce market share gains, and it would make the spice giant one of the fastest-growing mature companies in the packaged foods space.
Income investors have two other reasons to like this stock today. First, McCormick's profitability is rising as its sales mix tilts further toward the new condiment brands it recently acquired. And second, its robust cash flow is allowing executives to quickly pay down the debt they took on to fund that huge purchase. Together, these trends should support rising dividend payments -- and higher stock repurchase spending -- over the next few years. That's good news for owners of this company, which has paid a dividend for 93 consecutive years while raising that payout in each of the past 33 years.
10 stocks we like better than DuPont
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and DuPont wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of June 1, 2019
Demitrios Kalogeropoulos has no position in any of the stocks mentioned. Matthew DiLallo owns shares of McCormick and Phillips 66. Maxx Chatsko has no position in any of the stocks mentioned. The Motley Fool recommends McCormick. 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.
|
Here's why they chose DuPont (NYSE: DD), Phillips 66 Partners (NYSE: PSXP), and McCormick & Company (NYSE: MKC). The business is still looking to divest certain assets and reduce capital expenditures, but it will repurchase $2 billion (or 4%) of outstanding shares and continue investing in core growth projects in the meantime. As these projects enter service over the next 18 months, they'll supply the MLP with some incremental cash flow, some of which it will likely use to continue increasing its distribution to investors.
|
Here's why they chose DuPont (NYSE: DD), Phillips 66 Partners (NYSE: PSXP), and McCormick & Company (NYSE: MKC). Of course, the rise of electric vehicles will be great news for the business, which expects to generate $330 in revenue per electric vehicle, up from just $195 per vehicle running on liquid fuels. With approximately $22.6 billion in revenue and $6.4 billion in adjusted EBITDA generated in 2018, investors looking for a blue chip income stock shouldn't overlook the newest materials science company on the market.
|
Here's why they chose DuPont (NYSE: DD), Phillips 66 Partners (NYSE: PSXP), and McCormick & Company (NYSE: MKC). Materials from DuPont are commonly used in lightweight vehicles (read: replace heavier materials with lighter materials without sacrificing performance), which will become increasingly more important as electric vehicles capture market share. With approximately $22.6 billion in revenue and $6.4 billion in adjusted EBITDA generated in 2018, investors looking for a blue chip income stock shouldn't overlook the newest materials science company on the market.
|
Here's why they chose DuPont (NYSE: DD), Phillips 66 Partners (NYSE: PSXP), and McCormick & Company (NYSE: MKC). With approximately $22.6 billion in revenue and $6.4 billion in adjusted EBITDA generated in 2018, investors looking for a blue chip income stock shouldn't overlook the newest materials science company on the market. Those raises have helped boost Phillip 66 Partners' yield up to 6.8%.
|
6c360cb7-3a1d-4b40-94ab-2c428d50c657
|
716366.0
|
2019-06-20 00:00:00 UTC
|
XLB, DWMC: Big ETF Inflows
|
DD
|
https://www.nasdaq.com/articles/xlb-dwmc%3A-big-etf-inflows-2019-06-20
|
nan
|
nan
|
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the The Materials Select Sector SPDR Fund, which added 8,150,000 units, or a 12.4% increase week over week. Among the largest underlying components of XLB, in morning trading today Linde is up about 0.8%, and Dupont is up by about 1.4%.
And on a percentage change basis, the ETF with the biggest increase in inflows was the DWMC ETF, which added 25,000 units, for a 33.3% increase in outstanding units.
VIDEO: XLB, DWMC: Big ETF Inflows
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
And on a percentage change basis, the ETF with the biggest increase in inflows was the DWMC ETF, which added 25,000 units, for a 33.3% increase in outstanding units. Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the The Materials Select Sector SPDR Fund, which added 8,150,000 units, or a 12.4% increase week over week. Among the largest underlying components of XLB, in morning trading today Linde is up about 0.8%, and Dupont is up by about 1.4%.
|
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the The Materials Select Sector SPDR Fund, which added 8,150,000 units, or a 12.4% increase week over week. And on a percentage change basis, the ETF with the biggest increase in inflows was the DWMC ETF, which added 25,000 units, for a 33.3% increase in outstanding units. VIDEO: XLB, DWMC: Big ETF Inflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the The Materials Select Sector SPDR Fund, which added 8,150,000 units, or a 12.4% increase week over week. And on a percentage change basis, the ETF with the biggest increase in inflows was the DWMC ETF, which added 25,000 units, for a 33.3% increase in outstanding units. VIDEO: XLB, DWMC: Big ETF Inflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the The Materials Select Sector SPDR Fund, which added 8,150,000 units, or a 12.4% increase week over week. And on a percentage change basis, the ETF with the biggest increase in inflows was the DWMC ETF, which added 25,000 units, for a 33.3% increase in outstanding units. Among the largest underlying components of XLB, in morning trading today Linde is up about 0.8%, and Dupont is up by about 1.4%.
|
d41635f0-b559-4ccc-8044-a4aff15a1129
|
716367.0
|
2019-06-20 00:00:00 UTC
|
Dow Stock Is Just Too Bumpy to Consider Buying Right Now
|
DD
|
https://www.nasdaq.com/articles/dow-stock-is-just-too-bumpy-to-consider-buying-right-now-2019-06-20
|
nan
|
nan
|
Dow Inc (NYSE:) is one of the companies formed as a result of the recent split of DowDuPont (NYSE:) into three separate companies. Since then it has been an interesting few months for Dow stock. Let’s review:
Source:
DowDuPont, one of the world’s largest industrial chemical conglomerates, had originally been formed as a result of the merger of Dow Chemical and E.I. du Pont de Nemours that was announced in 2015 and completed in 2017.
On April 2, DOW shares started trading on the New York Stock Exchange. The same day, it replaced DowDuPont in the Dow Jones Industrial Average as one of the 30 stocks in the index. It has also been added to the S&P 500.
On June 1, DowDuPont further spun Corteva (NYSE:), which later started trading on NYSE on June 3. The remaining DowDuPont also got listed under the name DuPont (NYSE:).
Hence it has been a somewhat confusing several weeks for the past owners of DWDP stock. Although the separation of the three companies is now complete on paper, there are likely to be more . Dow is expected to report Q2 earnings on July 25.
A Closer look at DOW Stock
Following the three-way spin-off, Dow is now concentrating on its business as a commodities chemical producer. With over 100 manufacturing sites in 31 countries, DOW offers science-based products and solutions for a wide range of customers in packaging, infrastructure and consumer care. It has a market cap of $38 billion.
released on May 2 showed that net sales decreased 10% year-over-year (YoY) to $10.8 billion. In the quarterly statement, investors paid attention to the results from Dow’s three main divisions:
Industrial Intermediates & Infrastructure (net sales were $3.4 billion, down 8% YoY); and
Performance materials include paints, coatings and silicones; industrials include chemicals, solvents and lubricants; packaging includes food packaging products, specialty polymers and hydrocarbons.
The company highlighted that both Industrial Intermediates & Infrastructure and Packaging & Specialty Plastics witnessed margin declines, contributing to the decrease in profits and earnings in the first three months of 2019.
In theearnings call management emphasized the group’s commitment to cost savings, which stood at $125 million for the quarter.
CEO Jim Fitterling said that following the separation from DowDuPont, Dow is now “well positioned to operate more productively, invest more prudently, grow more profitably and deliver higher returns to shareholders.”
The Board of Directors also of $0.70 per share to be paid on June 14 to stockholders of record as of May 31. The current dividend yield stands at a respectable 5.5%.
The company finally said that it expects some seasonal headwinds, especially regarding increased seasonal maintenance costs.
Understanding the DOW Stock Price Now
Following its listing, Dow initially went up about 10% in three trading days. Yet since then, it has gone down from an intraday high of 60.52 on April 4 to an intraday low of $46.75 on May 31. It is currently hovering around $48.
The selling pressure has increased especially after the Q1 earnings report of May 2.
Thus over the past two months stock has suffered from a damaging technical picture. Its short-term technical chart still looks weak, and it is pointing to the possibility for more downside around the corner.
Although DOW’s momentum indicators, which describe the speed at which prices move over a given time period, are currently in oversold territory, they can stay oversold for quite a long time, especially when the overall trend is down.
Therefore, more buy signals based on momentum indicators need to be confirmed with further chart analysis before the stock is a buy from a technical standpoint.
In short, at this point, bears are in control. Therefore Dow shares will need a catalyst to make them attractive in the eyes of long-term investors, who are possibly still skeptical about the near-term prospects for the company.
If you still believe in the bull case for Dow stock, you might consider waiting for a better time to get long, such as around mid $40 levels.
The Bottom Line on Dow Stock
Going forward, investors would like to see concrete evidence in the results that considerable value can be achieved post-separation. Some questions that remain yet to be answered are the levels of operating margin as well as the free cash flow.
Wall Street does not expect Dow to be a high growth company. However, analysts want to see that it will remain a stable cash cow with strong dividends and manageable debt levels.
In the next earnings report, investors will also want to get a feel for any potential economic slowdown in the U.S. or globally as they could affect DOW stock’s revenues. As a commodity-based business, the group is understandably is prone to earnings declines during economic downturns.
Dow also relies on crude oil as a basic resource used in manufacturing. Therefore DOW stock is exposed to price fluctuations in crude, too. Thus management’s guidance, especially regarding the global economy and commodity prices, may indeed become quite an important section of the quarterly report.
In short, up until and around the Q2 earnings release, there is likely to be further volatility in the price of DOW stock with a downward bias.
However, in the long run, the group’s strong position in the industry, as well as the robust dividend yield, should support the price of Dow shares.
If you are not yet a shareholder of DOW stock, you may want to wait on the sidelines until you have had a chance to analyze the results. If you already own Dow shares, you may consider hedging your position with at-the-money (ATM) covered calls with July 19 expiry.
As of this writing, Tezcan Gecgil did not hold a position in any of the aforementioned securities.
The post 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.
|
It has also been added to the S&P 500. With over 100 manufacturing sites in 31 countries, DOW offers science-based products and solutions for a wide range of customers in packaging, infrastructure and consumer care. The company highlighted that both Industrial Intermediates & Infrastructure and Packaging & Specialty Plastics witnessed margin declines, contributing to the decrease in profits and earnings in the first three months of 2019.
|
It has also been added to the S&P 500. On April 2, DOW shares started trading on the New York Stock Exchange. In the quarterly statement, investors paid attention to the results from Dow’s three main divisions: Industrial Intermediates & Infrastructure (net sales were $3.4 billion, down 8% YoY); and Performance materials include paints, coatings and silicones; industrials include chemicals, solvents and lubricants; packaging includes food packaging products, specialty polymers and hydrocarbons.
|
It has also been added to the S&P 500. A Closer look at DOW Stock Following the three-way spin-off, Dow is now concentrating on its business as a commodities chemical producer. In the quarterly statement, investors paid attention to the results from Dow’s three main divisions: Industrial Intermediates & Infrastructure (net sales were $3.4 billion, down 8% YoY); and Performance materials include paints, coatings and silicones; industrials include chemicals, solvents and lubricants; packaging includes food packaging products, specialty polymers and hydrocarbons.
|
It has also been added to the S&P 500. Dow is expected to report Q2 earnings on July 25. Understanding the DOW Stock Price Now Following its listing, Dow initially went up about 10% in three trading days.
|
aeea2487-1ea3-40e0-9362-744d8d8ed516
|
716368.0
|
2019-06-19 00:00:00 UTC
|
Has DOW Stock Reached an Attractive Entry Point?
|
DD
|
https://www.nasdaq.com/articles/has-dow-stock-reached-an-attractive-entry-point-2019-06-19
|
nan
|
nan
|
The new Dow Inc (NYSE:) stock and company is the result of a two-stage spinoff of Corteva (NYSE:) and DOW stock by DowDupont (NYSE:) that started on Apr. 1. The split came about because of agitation from an activist shareholder, Third Point’s Dan Loeb. No doubt, the main objective was to benefit the owners of DowDupont stock and DOW stock.
Source:
And of course, the CEO of DOW, Jim Fitterling, boasted about the restructuring. In a press release, he :
“The changes we have made to Dow’s portfolio, cost structure and mindset are significant. The new Dow is a more focused and streamlined company with a clear playbook to deliver long-term earnings growth and value creation for all stakeholders.
But unfortunately, Wall Street hasn’t been so kind to Dow Inc stock. Since early April, DOW stock has gone from $58 to $49.
The Issues With Dow Inc Stock
Spinoffs can be disruptive. There is often a large turnover in the shareholder base, which can put pressure on the shares.
Yet that overhang will dissipate in the longer term. So could DOW stock now be an interesting value play? Is it time to consider buying Dow Inc stock?
Well, I’d still be cautious. DOW is still a complex organization. As seen with other companies like GE (NYSE:) and 3M (NYSE:), complexity has become a big drawback on Wall Street. Investors nowadays want agile companies that can focus on growth opportunities and be nimble enough to stave off rivals.
InvestorPlace.com columnist Josh Enomoto aptly the complexity of DOW and how that could be a hindrance:
“Dow Inc stock doesn’t provide a clean, linear path. Instead, the underlying company is stretched wide, featuring businesses in consumer products, packaging, industrial materials, large-scale infrastructures and technology. From a topical perspective, the separation into three entities streamlined operations for the individual cogs. Somewhat left out in the equation was that the individual cogs also have non-intuitive structures.”
However, complexity may not be the biggest risk facing DOW stock. Rather, the slowing of the global economy looks to be the main problem.
For now, there is little clarity on a resolution to the dispute between the U.S. and China. In the meantime, there is also the potential for trade disputes between the U.S. and Europe.
The World Bank has reported that will come in at 2.6% versus its January forecast of 2.9%. That would be the weakest global growth in three years.
As for DOW, the company is definitely sensitive to the swings of the economy. When the economy slows, it’s easy to put off a decision to purchase new raw materials and commodities.
The Bottom Line on DOW Stock
DOW has positive attributes. Keep in mind that the company continues to streamline its operations and cut costs. DOW plans to eliminate $700 million of costs this year. It is also being more disciplined when it comes to capital investments.
As for the valuation of Dow Inc, stock it is fairly cheap. Consider that its forward price-earnings multiple is nine and its dividend yield is a hefty 5.7%.
Yet such factors likely mean that DOW stock has some downside protection. However, because of the macro weakness across the world, it could be tough for Dow Inc stock to advance meaningfully.
Tom Taulli is the author of the upcoming book, . Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities.
The post 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.
|
The new Dow is a more focused and streamlined company with a clear playbook to deliver long-term earnings growth and value creation for all stakeholders. Instead, the underlying company is stretched wide, featuring businesses in consumer products, packaging, industrial materials, large-scale infrastructures and technology. Somewhat left out in the equation was that the individual cogs also have non-intuitive structures.” However, complexity may not be the biggest risk facing DOW stock.
|
The new Dow Inc (NYSE:) stock and company is the result of a two-stage spinoff of Corteva (NYSE:) and DOW stock by DowDupont (NYSE:) that started on Apr. No doubt, the main objective was to benefit the owners of DowDupont stock and DOW stock. The Bottom Line on DOW Stock DOW has positive attributes.
|
The new Dow Inc (NYSE:) stock and company is the result of a two-stage spinoff of Corteva (NYSE:) and DOW stock by DowDupont (NYSE:) that started on Apr. InvestorPlace.com columnist Josh Enomoto aptly the complexity of DOW and how that could be a hindrance: “Dow Inc stock doesn’t provide a clean, linear path. The Bottom Line on DOW Stock DOW has positive attributes.
|
The new Dow Inc (NYSE:) stock and company is the result of a two-stage spinoff of Corteva (NYSE:) and DOW stock by DowDupont (NYSE:) that started on Apr. DOW is still a complex organization. Rather, the slowing of the global economy looks to be the main problem.
|
659dacb7-110d-4b64-a55e-e835ee6a6a39
|
716369.0
|
2019-06-17 00:00:00 UTC
|
If You Can Get a Handle on the Business, Dow Stock Is Worth Owning
|
DD
|
https://www.nasdaq.com/articles/if-you-can-get-a-handle-on-the-business-dow-stock-is-worth-owning-2019-06-17
|
nan
|
nan
|
The complicated thing about Dow (NYSE:) is that keeping track of the business can be a little difficult. Understanding how its vast interests work together to drive Dow stock is even a little trickier. It might be best to begin with a brief history.
Source:
Once upon a time, the Bronfmans, a wealthy Canadian family, owned 24% of Dupont. They got that stake as a result of its . At the time, the Bronfman’s most significant investment was its ownership of 36% of Seagram, the liquor company Sam Bronfman founded in 1928.
The Dupont stake in the chemical company accounted for around 70% of Seagram’s earnings. In a much-disputed decision, Seagram sold the DuPont stake in 2003, setting off a chain of events that would cost the Bronfmans billions.
The Final Picture
Fast forward to June 3.
Corteva (NYSE:), the agricultural segment of the old DowDupont was separated from DuPont (NYSE:), a global specialty chemicals company, while the material science unit was spun-off from DowDuPont on April 1 as DOW.
I mention the Bronfmans because if they still had the 24% stake in DuPont, the past two years would have presented them with a lot of decisions.
First, the August 31, 2017, a merger between the old Dow and DuPont saw shareholders receive shares of DowDuPont per share held in DuPont. Throwing aside history, if the Bronfmans held on to the 24% stake, they would have received 267 million shares (867.8 million shares outstanding multiplied by 24% multiplied by 1.282) in the merged entity.
If they chose to retain their 24% stake, they would have , 89 million shares in Corteeva, and 89 million shares in Dupont.
Together, the trio of holdings has a market value of $13.4 billion with DuPont the largest holding valued at $6.6 billion followed by Dow at $4.6 billion and Corteva at $2.2 billion. They would pay annual dividends very close to $500 million.
Which Would They Choose?
In hindsight, I believe the family would choose to hang on to all three.
Just the other day I was talking to a friend about the fact that four companies control the world seed market with Corteva being one of them. In 2018, it had $2.7 billion in adjusted EBITDA from in annual revenue. Of the $14.3 billion in sales, approximately 56% was from its seeds and traits business with the rest from crop protection and pesticides.
As the world continues to experience climate change, companies like Corteva will be vital to ensuring ongoing food supply.
So, despite not paying a dividend, as an agricultural pureplay, Corteva is very attractive over the long haul.
As for Dow and DuPont, they currently yield 5.4% and 2.3% respectively, making them very attractive dividend-paying stocks to also hold for the long haul.
My InvestorPlace colleague Josh Enomoto recently a company to understand despite being separated from DuPont and Corteva.
He’s not wrong. Dow’s got a lot of moving parts operating in several different industries with seemingly little overlap and efficiencies.
The Bottom Line on DOW Stock
I don’t own any of the three stocks and I’m not sure I ever would. Not because I think any of them are bad businesses. It’s just that I like to own easily understandable companies. Dow, DuPont, and Corteva aren’t.
That said, if the Bronfmans still were in the picture, I’d bet they would hang on to all three of them. I guess we’ll never know.
At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities.
The post 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.
|
In a much-disputed decision, Seagram sold the DuPont stake in 2003, setting off a chain of events that would cost the Bronfmans billions. Just the other day I was talking to a friend about the fact that four companies control the world seed market with Corteva being one of them. As the world continues to experience climate change, companies like Corteva will be vital to ensuring ongoing food supply.
|
First, the August 31, 2017, a merger between the old Dow and DuPont saw shareholders receive shares of DowDuPont per share held in DuPont. Throwing aside history, if the Bronfmans held on to the 24% stake, they would have received 267 million shares (867.8 million shares outstanding multiplied by 24% multiplied by 1.282) in the merged entity. Together, the trio of holdings has a market value of $13.4 billion with DuPont the largest holding valued at $6.6 billion followed by Dow at $4.6 billion and Corteva at $2.2 billion.
|
Corteva (NYSE:), the agricultural segment of the old DowDupont was separated from DuPont (NYSE:), a global specialty chemicals company, while the material science unit was spun-off from DowDuPont on April 1 as DOW. First, the August 31, 2017, a merger between the old Dow and DuPont saw shareholders receive shares of DowDuPont per share held in DuPont. Together, the trio of holdings has a market value of $13.4 billion with DuPont the largest holding valued at $6.6 billion followed by Dow at $4.6 billion and Corteva at $2.2 billion.
|
Corteva (NYSE:), the agricultural segment of the old DowDupont was separated from DuPont (NYSE:), a global specialty chemicals company, while the material science unit was spun-off from DowDuPont on April 1 as DOW. Throwing aside history, if the Bronfmans held on to the 24% stake, they would have received 267 million shares (867.8 million shares outstanding multiplied by 24% multiplied by 1.282) in the merged entity. Together, the trio of holdings has a market value of $13.4 billion with DuPont the largest holding valued at $6.6 billion followed by Dow at $4.6 billion and Corteva at $2.2 billion.
|
8879a395-4165-41d1-9183-1237ec323076
|
716370.0
|
2019-06-11 00:00:00 UTC
|
Is DuPont a Buy?
|
DD
|
https://www.nasdaq.com/articles/dupont-buy-2019-06-11
|
nan
|
nan
|
The dust is finally beginning to settle from one of the largest mergers of the past decade. Years ago the old Dow Chemical and the old DuPont commingled all of their materials science, agricultural, and specialty chemical assets into one giant corporation called DowDuPont. The assets were then organized into three portfolios and separated into three independent companies in early June.
The new Dow Inc. owns the mature material science assets, Corteva Agriscience owns the agrochemicals portfolio, and the new DuPont (NYSE: DD) owns a collection of diverse assets aimed at specialty markets. Same tickers, similar names, completely different companies. Got it?
It may take some getting used to, but individual investors might be drawn to DuPont for the fact it will boast the highest operating margin of the three DowDuPont spin-offs. Does that make the stock a buy?
Image source: Getty Images.
By the numbers
DuPont is a $55 billion company that generated $22.6 billion in revenue and $6.4 billion in adjusted EBITDA in 2018. It owns the most diverse assets of any DowDuPont spinoff, united only by the "specialty materials" label. Business units include electronics and imaging, nutrition and biosciences, transportation and advanced polymers, and safety and construction.
That's not to suggest the portfolio includes all the also-rans from the DowDuPont separation, however. DuPont owns some of the most recognizable brands, including Tyvek in construction and Sorona in performance fibers, as well as new brands swiftly making a mark on their industries, including Kalrez in electronics and Vespel in aerospace. The latter two materials are expected to grow at a compound annual growth rate of 10% and 8%, respectively, through 2022 -- multiples faster than the market average.
Market-leading brands and innovative product launches give management confidence the business can consistently deliver an operating margin of 25%, compared with 20% for Dow and 15% for Corteva Agriscience. It's off to a solid start after reporting an adjusted operating EBITDA margin of 28% last year. As it turns out, higher profitability could become the new normal.
Image source: Getty Images.
Looking ahead
On the same day the new DuPont became an independent company, it initiated a 1-for-3 reverse stock split and announced a $2 billion share repurchase program. The latter represents approximately 4% of outstanding shares. Considering the new company boasts a market-beating dividend -- the exact annual percentage yield is unclear, given the reverse stock split and spinoff -- it's obvious that management is keen to deliver value for shareholders.
The portfolio should do the rest. For instance, the transportation and advanced polymers segment is well positioned to capture a massive opportunity from global growth in hybrid and electric vehicles. DuPont's materials are used for lightweighting vehicles -- an important concern, given the weight of electric batteries -- and thermal management, which is also important, as batteries produce a lot of heat. The company estimates that it will generate revenue of $330 per electric vehicle, compared with just $195 per vehicle with an internal combustion engine.
The company is also quietly the global leader in industrial biotechnology, deploying high-throughput genetic engineering processes to develop new enzymes, renewable polymers, and new-to-the-world chemicals possible only with biology. DuPont has generated 40% of its industrial biosciences revenue from products launched in the past five years -- and it remains at the very beginning of the technology ramp-up.
Electric vehicles and living technologies are just two growth opportunities being eyed. There's also the rise of 5G devices -- yet another driver for Kalrez polymers -- as well as the continued expansion of solar power projects, as the company's polymers comprise the panel surface, and numerous renewable materials vectors.
The pieces are in place for a solid income stock
While DuPont has a collection of loosely connected specialty material assets, the portfolio is well positioned to capitalize on several major growth trends. The behemoth business will only grow so fast, but healthy margins should help it to become a stable cash cow for individual investors. The company still needs to do a better job communicating the financial strategy for the road ahead, but those details should become clearer well before the end of 2019. In the meantime, patient investors might not hesitate to hold the income stock in their portfolios.
10 stocks we like better than DuPont
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.*
David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and DuPont wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of March 1, 2019
Maxx Chatsko 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.
|
The new Dow Inc. owns the mature material science assets, Corteva Agriscience owns the agrochemicals portfolio, and the new DuPont (NYSE: DD) owns a collection of diverse assets aimed at specialty markets. Considering the new company boasts a market-beating dividend -- the exact annual percentage yield is unclear, given the reverse stock split and spinoff -- it's obvious that management is keen to deliver value for shareholders. The company is also quietly the global leader in industrial biotechnology, deploying high-throughput genetic engineering processes to develop new enzymes, renewable polymers, and new-to-the-world chemicals possible only with biology.
|
The new Dow Inc. owns the mature material science assets, Corteva Agriscience owns the agrochemicals portfolio, and the new DuPont (NYSE: DD) owns a collection of diverse assets aimed at specialty markets. Business units include electronics and imaging, nutrition and biosciences, transportation and advanced polymers, and safety and construction. Market-leading brands and innovative product launches give management confidence the business can consistently deliver an operating margin of 25%, compared with 20% for Dow and 15% for Corteva Agriscience.
|
The new Dow Inc. owns the mature material science assets, Corteva Agriscience owns the agrochemicals portfolio, and the new DuPont (NYSE: DD) owns a collection of diverse assets aimed at specialty markets. The pieces are in place for a solid income stock While DuPont has a collection of loosely connected specialty material assets, the portfolio is well positioned to capitalize on several major growth trends. See the 10 stocks *Stock Advisor returns as of March 1, 2019 Maxx Chatsko has no position in any of the stocks mentioned.
|
The new Dow Inc. owns the mature material science assets, Corteva Agriscience owns the agrochemicals portfolio, and the new DuPont (NYSE: DD) owns a collection of diverse assets aimed at specialty markets. It may take some getting used to, but individual investors might be drawn to DuPont for the fact it will boast the highest operating margin of the three DowDuPont spin-offs. Business units include electronics and imaging, nutrition and biosciences, transportation and advanced polymers, and safety and construction.
|
83912920-f9aa-482b-a176-427e86daaeae
|
716371.0
|
2019-06-10 00:00:00 UTC
|
Dow Inc. Stock Is The Best Bet of the Post-Split Bunch
|
DD
|
https://www.nasdaq.com/articles/dow-inc.-stock-best-bet-post-split-bunch-2019-06-10
|
nan
|
nan
|
Two years ago, Dupont and Dow Chemical merged to form Dow Dupont. Managements meant the union to be temporary so the recent split was not a surprise. But the transition did not go as smoothly for the new three stock entities. Today’s writeup is to evaluate the Dow Inc (NYSE:) prospects.
Source: Shutterstock
DOW stock corrected sharply in May, but that month was also rough for all equities — it’s not a sign of sustainable trouble ahead. So I don’t take this drop as an omen for the company’s future. The geopolitical and economic unrest, especially between the U.S. and China, put a few wrenches in everyone’s plans.
In its short new public independent life, DOW stock could be an opportunity. In theory, I would consider this as a speculative trade but with a twist.
Looking Deeper Into DOW Stock
DOW is still a mature set of businesses, just with a different umbrella. The future is not as unproven as, say, Beyond Meat (NYSE:) or Tilray (NASDAQ:). Betting on DOW does not carry the same uncertainties as with other typical new stocks.
Consensus is that the three spin-offs from Dow-DuPont will each be better on its own. Ultimately this was an elaborate bit of financial engineering.
Now, Dow Inc. makes for a good bet for those investors who are looking for a fresh stock to invest in. The recent dip was a good opportunity to start but it still not too late. It doesn’t carry the usual intrinsic risks that come with IPOs.
For the long term, there is no reason to wait for the perfect entry point. In the long run Dow Inc stock will be a winner along with the stock market. There will always be demand for its chemical products and services.
For those who prefer to trade shorter term, there are important levels to watch for the next few weeks.
$50 per share was important for the bulls to overtake. This was a pivot point that now serves as support for the more bullish action. Next, it is important for the DOW bulls to overcome the next challenge zone. The area around $52 per share has been pivotal since inception. Onus is on the bulls to retake it so they can use it as another base for the next leg higher.
Specifically, above $51.70 DOW stock can target $54, which is another pivot point. The technical price pattern is unfolding in a predictable manner so it will be easy to track short term success. With the help of proper stops, active traders should do well with it.
Conversely, there is an open gap below at $48 per share. Not every gap on stock charts closes, but nevertheless this is a concern — especially if the negative geopolitical rhetoric deteriorates. If the corrective efforts restart, I expect supports at $49.50 per share.
The bulls are breaking through descending trend line of lower highs. To that there is another opportunity to break another one around $53 per share. This is a moving target that changes with the price action but it’s a lower high trend that will break and fuel more upside potential.
Fundamentally DOW stock sells at 10 price to earnings ratio. This is cheap in relative and absolute terms. So owning Dow Inc. shares here is not likely to be a financial catastrophe, especially in the long run.
Furthermore, the macroeconomic conditions still favor the bullish thesis for all stocks. As soon as this geopolitical unrest abates, the equities will set new all-time highs and DOW will benefit from it.
Nicolas Chahine is the managing director of . As of this writing, he did not hold a position in any of the aforementioned securities. Join his live chat room free here.
The post 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.
|
Source: Shutterstock DOW stock corrected sharply in May, but that month was also rough for all equities — it’s not a sign of sustainable trouble ahead. The technical price pattern is unfolding in a predictable manner so it will be easy to track short term success. This is a moving target that changes with the price action but it’s a lower high trend that will break and fuel more upside potential.
|
Source: Shutterstock DOW stock corrected sharply in May, but that month was also rough for all equities — it’s not a sign of sustainable trouble ahead. Looking Deeper Into DOW Stock DOW is still a mature set of businesses, just with a different umbrella. In the long run Dow Inc stock will be a winner along with the stock market.
|
Looking Deeper Into DOW Stock DOW is still a mature set of businesses, just with a different umbrella. In the long run Dow Inc stock will be a winner along with the stock market. Specifically, above $51.70 DOW stock can target $54, which is another pivot point.
|
In the long run Dow Inc stock will be a winner along with the stock market. $50 per share was important for the bulls to overtake. To that there is another opportunity to break another one around $53 per share.
|
5b10f2b7-71e9-436b-8286-40af40998a35
|
716372.0
|
2019-06-07 00:00:00 UTC
|
Why Shares of DowDuPont Dropped 20% in May
|
DD
|
https://www.nasdaq.com/articles/why-shares-dowdupont-dropped-20-may-2019-06-07
|
nan
|
nan
|
What happened
DowDuPont's (NYSE: DWDP) short history as a public company ended with a whimper, trading down 20.6% in May according to data provided by S&P Global Market Intelligence. The company, formed from the $130 billion merger between Dow Chemical and DuPont in September 2017 and designed from the beginning to be broken apart, was battered by geopolitical uncertainty in its final days before a breakup.
So what
DowDuPont underperformed the market by a significant margin during its brief existence, as investors stayed away in anticipation of the company executing its plan to separate its material sciences unit and agriculture business from its specialty products operation.
A chemical manufacturing site in Stade, Germany. Image source: DowDuPont.
The first split, Dow Inc. (NYSE: DOW), was completed in March, but the remaining agriculture and specialty businesses were left vulnerable to the trade tensions that spooked Wall Street in May. The agriculture unit is banking on increasing sales to China and on U.S. agriculture trade with China flourishing for growth. The specialty products business tends to benefit from a healthy economy and strong demand for finished goods.
The agriculture side of the business was also hit by flooding in the Midwest that devastated corn and soybean crops. The environmental damage to the region is expected to limit harvests in 2019, which in turn will eat into demand for those products.
Now what
The final split became official on June 3 with the separation of Corteva (NYSE: CTVA) agriculture from the rechristened DuPont (NYSE: DD). After 18 months of being forced to either buy into the entire package or stay on the sidelines, investors finally have the ability to pick and choose among three very different businesses.
In the early days of June, the new DuPont is up 14%, while Corteva is down 1.74%, matching projections about which unit is the better buy. In the long run, each company is better off on its own, able to make its own strategic and capital allocation decisions.
DowDuPont went out with a whimper, but the best is yet to come for the three offspring it left behind.
10 stocks we like better than DowDuPont Inc.
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and DowDuPont Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of March 1, 2019
Lou Whiteman 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.
|
Now what The final split became official on June 3 with the separation of Corteva (NYSE: CTVA) agriculture from the rechristened DuPont (NYSE: DD). What happened DowDuPont's (NYSE: DWDP) short history as a public company ended with a whimper, trading down 20.6% in May according to data provided by S&P Global Market Intelligence. The company, formed from the $130 billion merger between Dow Chemical and DuPont in September 2017 and designed from the beginning to be broken apart, was battered by geopolitical uncertainty in its final days before a breakup.
|
Now what The final split became official on June 3 with the separation of Corteva (NYSE: CTVA) agriculture from the rechristened DuPont (NYSE: DD). The first split, Dow Inc. (NYSE: DOW), was completed in March, but the remaining agriculture and specialty businesses were left vulnerable to the trade tensions that spooked Wall Street in May. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.
|
Now what The final split became official on June 3 with the separation of Corteva (NYSE: CTVA) agriculture from the rechristened DuPont (NYSE: DD). So what DowDuPont underperformed the market by a significant margin during its brief existence, as investors stayed away in anticipation of the company executing its plan to separate its material sciences unit and agriculture business from its specialty products operation. The first split, Dow Inc. (NYSE: DOW), was completed in March, but the remaining agriculture and specialty businesses were left vulnerable to the trade tensions that spooked Wall Street in May.
|
Now what The final split became official on June 3 with the separation of Corteva (NYSE: CTVA) agriculture from the rechristened DuPont (NYSE: DD). 10 stocks we like better than DowDuPont Inc. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.
|
a0c2e47a-45bb-408c-9b64-bbbc83375a22
|
716373.0
|
2019-06-07 00:00:00 UTC
|
IVE, CME, CB, DD: ETF Outflow Alert
|
DD
|
https://www.nasdaq.com/articles/ive-cme-cb-dd%3A-etf-outflow-alert-2019-06-07
|
nan
|
nan
|
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares S&P 500 Value ETF (Symbol: IVE) where we have detected an approximate $84.9 million dollar outflow -- that's a 0.6% decrease week over week (from 133,600,000 to 132,850,000). Among the largest underlying components of IVE, in trading today CME Group (Symbol: CME) is up about 0.5%, Chubb Ltd (Symbol: CB) is up about 0.8%, and DuPont (Symbol: DD) is up by about 1.1%. For a complete list of holdings, visit the IVE Holdings page » The chart below shows the one year price performance of IVE, versus its 200 day moving average:
Looking at the chart above, IVE's low point in its 52 week range is $94.72 per share, with $118.812 as the 52 week high point — that compares with a last trade of $113.80. 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.
|
Among the largest underlying components of IVE, in trading today CME Group (Symbol: CME) is up about 0.5%, Chubb Ltd (Symbol: CB) is up about 0.8%, and DuPont (Symbol: DD) is up by about 1.1%. For a complete list of holdings, visit the IVE Holdings page » The chart below shows the one year price performance of IVE, versus its 200 day moving average: Looking at the chart above, IVE's low point in its 52 week range is $94.72 per share, with $118.812 as the 52 week high point — that compares with a last trade of $113.80. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
|
Among the largest underlying components of IVE, in trading today CME Group (Symbol: CME) is up about 0.5%, Chubb Ltd (Symbol: CB) is up about 0.8%, and DuPont (Symbol: DD) is up by about 1.1%. For a complete list of holdings, visit the IVE Holdings page » The chart below shows the one year price performance of IVE, versus its 200 day moving average: Looking at the chart above, IVE's low point in its 52 week range is $94.72 per share, with $118.812 as the 52 week high point — that compares with a last trade of $113.80. 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).
|
Among the largest underlying components of IVE, in trading today CME Group (Symbol: CME) is up about 0.5%, Chubb Ltd (Symbol: CB) is up about 0.8%, and DuPont (Symbol: DD) is up by about 1.1%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares S&P 500 Value ETF (Symbol: IVE) where we have detected an approximate $84.9 million dollar outflow -- that's a 0.6% decrease week over week (from 133,600,000 to 132,850,000). For a complete list of holdings, visit the IVE Holdings page » The chart below shows the one year price performance of IVE, versus its 200 day moving average: Looking at the chart above, IVE's low point in its 52 week range is $94.72 per share, with $118.812 as the 52 week high point — that compares with a last trade of $113.80.
|
Among the largest underlying components of IVE, in trading today CME Group (Symbol: CME) is up about 0.5%, Chubb Ltd (Symbol: CB) is up about 0.8%, and DuPont (Symbol: DD) is up by about 1.1%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares S&P 500 Value ETF (Symbol: IVE) where we have detected an approximate $84.9 million dollar outflow -- that's a 0.6% decrease week over week (from 133,600,000 to 132,850,000). For a complete list of holdings, visit the IVE Holdings page » The chart below shows the one year price performance of IVE, versus its 200 day moving average: Looking at the chart above, IVE's low point in its 52 week range is $94.72 per share, with $118.812 as the 52 week high point — that compares with a last trade of $113.80.
|
85aee35c-e497-4c7a-8991-36aa93808619
|
716374.0
|
2019-06-06 00:00:00 UTC
|
Why and Where Dow Inc. Stock Is a Bearish Short
|
DD
|
https://www.nasdaq.com/articles/why-and-where-dow-inc.-stock-bearish-short-2019-06-06
|
nan
|
nan
|
When it comes to the new Dow Inc. (NYSE:), you’ll hear it’s complicated. And it is. That is until investors look at DD stock where the long and short of it merge into a downtrend and a playable bearish position. Let me explain.
Source: Shutterstock
This past month, DowDupont, one of the world’s largest industrial chemical companies, completed some complex financial engineering with a spin-off into three separate publicly traded vehicles. That follows the former company’s own existence as t a few years ago.
Now DowDupont has split into conglomerate-style DuPont (NYSE:), agriculture-focused Corteva (NYSE:) and commodities chemical producer Dow Inc. But management’s bright idea to deliver increased shareholder value to its investors — and likely enrich themselves — hasn’t gone exactly as planned.
For its part DD stock has enjoyed Wall Street’s backing. Shares exploded higher this week following an “overweight” initiation by Morgan Stanley. The firm sees value in DuPont regardless of whether it becomes a company or keeps its businesses separated.
Meanwhile, shares of CTVA have found less enthusiastic support. Among analysts weighing in, eight of 11 rate Corteva with a hold recommendation and $30 price target. Shares of CTVA were recently trading at $27.50.
Okay, but what about DOW stock? On the price chart, shares continue to formulate a downtrend despite decrees that the sum of all those parts should be worth more. They’re also looking ready for traders to short DOW sooner rather than later.
DOW Stock Daily Chart
Since being spun off, DOW stock has worked its way into a downtrend within a simple price channel. Last week’s new trading low in shares could ultimately resolve itself as a lower-low or undercut double-bottom pattern relative to Dow’s March low. For now, though, DOW remains in control of bears. And currently, shares are in the process of setting up for a lower risk short.
This week’s rally has pushed DOW stock into an area of resistance. The zone is backed by Dow’s channel line, the 38% retracement level and Dow’s less-than-receptive debut when trading in DOW stock first commenced, and making shares likely top-heavy with anxious bulls looking to sell.
For traders agreeable that a bearish trend in motion can stay in motion in DOW stock, I’d recommend waiting on this week’s high to be confirmed as a daily pivot within the existing downtrend. From there, placing a stop above the pattern and taking profits as fresh lows develop looks like a winning strategy off and on the price chart with no complex financial engineering required.
Investment accounts under Christopher Tyler’s management do not currently own positions in any securities mentioned in this article. The information offered is based upon Christopher Tyler’s observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. . For additional market insights and related musings, follow Chris on Twitter and StockTwits.
The post 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.
|
That is until investors look at DD stock where the long and short of it merge into a downtrend and a playable bearish position. For its part DD stock has enjoyed Wall Street’s backing. For additional market insights and related musings, follow Chris on Twitter and StockTwits.
|
That is until investors look at DD stock where the long and short of it merge into a downtrend and a playable bearish position. For its part DD stock has enjoyed Wall Street’s backing. For additional market insights and related musings, follow Chris on Twitter and StockTwits.
|
That is until investors look at DD stock where the long and short of it merge into a downtrend and a playable bearish position. For its part DD stock has enjoyed Wall Street’s backing. For additional market insights and related musings, follow Chris on Twitter and StockTwits.
|
That is until investors look at DD stock where the long and short of it merge into a downtrend and a playable bearish position. For its part DD stock has enjoyed Wall Street’s backing. For additional market insights and related musings, follow Chris on Twitter and StockTwits.
|
2e0435fd-ff08-46e7-ad23-26bb0699d8a0
|
716375.0
|
2019-06-05 00:00:00 UTC
|
Here's Why Dow Stock Sank 17.6% in May
|
DD
|
https://www.nasdaq.com/articles/heres-why-dow-stock-sank-17.6-may-2019-06-05
|
nan
|
nan
|
What happened
Shares of Dow (NYSE: DOW) dropped over 17% last month, according to data provided by S&P Global Market Intelligence. After completing its separation from DowDuPont on the first day of April, the materials science business reported first-quarter 2019 operating results in early May. It seems investors are still sorting through all of the moving parts.
Both net sales and operating EBITDA declined compared to the year-ago period, although the trend was in line with guidance. Still, currency headwinds and significantly lower selling prices gave investors cause for concern.
Image source: Getty Images.
So what
Dow includes the materials science assets from the former Dow Chemical and former DuPont. It organizes operations into three business segments: performance materials and coatings, industrial intermediates and infrastructure, and packaging and specialty plastics. Each segment saw net revenue decline compared to the year-ago period. Currency impacts ranged from 2% to 3%. Meanwhile, selling prices were flat in performance materials, but declined 11% for both the industrial and packaging segments.
The silver lining for investors is that restructuring, integration, and separation costs totaled $640 million during the first three months of 2019. By comparison, income before income taxes settled at $858 million. Therefore, as more distance is put between Dow and its separation, there figures to be significant potential to increase profitability.
Now what
Investors have been waiting for the separation of DowDuPont for quite some time. Now that the spin-offs are complete (DowDuPont became DuPont after Corteva Agriscience separated on June 3), it might take just a little longer for the dust to settle. The three companies are eyeing up to $3.3 billion in combined cost synergies, including $1.7 billion for Dow, of which $400 million remains. Investors will want to make sure the cost savings live up to expectations, especially for the commodity-linked materials science business.
10 stocks we like better than DuPont
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and DuPont wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of March 1, 2019
Maxx Chatsko 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.
|
After completing its separation from DowDuPont on the first day of April, the materials science business reported first-quarter 2019 operating results in early May. It organizes operations into three business segments: performance materials and coatings, industrial intermediates and infrastructure, and packaging and specialty plastics. Now that the spin-offs are complete (DowDuPont became DuPont after Corteva Agriscience separated on June 3), it might take just a little longer for the dust to settle.
|
It organizes operations into three business segments: performance materials and coatings, industrial intermediates and infrastructure, and packaging and specialty plastics. Each segment saw net revenue decline compared to the year-ago period. Meanwhile, selling prices were flat in performance materials, but declined 11% for both the industrial and packaging segments.
|
So what Dow includes the materials science assets from the former Dow Chemical and former DuPont. 10 stocks we like better than DuPont When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. See the 10 stocks *Stock Advisor returns as of March 1, 2019 Maxx Chatsko has no position in any of the stocks mentioned.
|
After completing its separation from DowDuPont on the first day of April, the materials science business reported first-quarter 2019 operating results in early May. So what Dow includes the materials science assets from the former Dow Chemical and former DuPont. The Motley Fool has no position in any of the stocks mentioned.
|
a052d09e-0cb0-484d-8a42-5cea428a72c9
|
716376.0
|
2019-06-04 00:00:00 UTC
|
Interesting DD Put And Call Options For January 2021
|
DD
|
https://www.nasdaq.com/articles/interesting-dd-put-and-call-options-january-2021-2019-06-04
|
nan
|
nan
|
Investors in DuPont (Symbol: DD) saw new options begin trading today, for the January 2021 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 591 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 2021 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 $7.95. 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 $64.55 (before broker commissions). To an investor already interested in purchasing shares of DD, that could represent an attractive alternative to paying $73.85/share today.
Because the $72.50 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 100%. 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 10.97% return on the cash commitment, or 6.77% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for DuPont, and highlighting in green where the $72.50 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $75.00 strike price has a current bid of $9.80. If an investor was to purchase shares of DD stock at the current price level of $73.85/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 14.83% if the stock gets called away at the January 2021 expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $75.00 strike highlighted in red:
Considering the fact that the $75.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 13.27% boost of extra return to the investor, or 8.20% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 250 trading day closing values as well as today's price of $73.85) to be 102%. 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.
|
Of course, a lot of upside could potentially be left on the table if DD shares really soar, which is why looking at the trailing twelve month trading history for DuPont, as well as studying the business fundamentals becomes important. Below is a chart showing DD's trailing twelve month trading history, with the $75.00 strike highlighted in red: Considering the fact that the $75.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in DuPont (Symbol: DD) saw new options begin trading today, for the January 2021 expiration.
|
The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 100%. Below is a chart showing DD's trailing twelve month trading history, with the $75.00 strike highlighted in red: Considering the fact that the $75.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%.
|
Below is a chart showing DD's trailing twelve month trading history, with the $75.00 strike highlighted in red: Considering the fact that the $75.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Investors in DuPont (Symbol: DD) saw new options begin trading today, for the January 2021 expiration.
|
At Stock Options Channel, our YieldBoost formula has looked up and down the DD options chain for the new January 2021 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 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 January 2021 expiration.
|
f69c388d-ba75-4260-bce2-1dbaa0f1b13b
|
716377.0
|
2023-12-14 00:00:00 UTC
|
New Strong Buy Stocks for December 15th
|
DDD
|
https://www.nasdaq.com/articles/new-strong-buy-stocks-for-december-15th-1
|
nan
|
nan
|
Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:
3D Systems Corporation DDD: This company that provides 3D printing and digital manufacturing solutions has seen the Zacks Consensus Estimate for its current year earnings increasing 40.9% over the last 60 days.
3D Systems Corporation Price and Consensus
3D Systems Corporation price-consensus-chart | 3D Systems Corporation Quote
Deckers Outdoor Corporation DECK: This footwear, apparel, and accessories company has seen the Zacks Consensus Estimate for its current year earnings increasing 4.8% over the last 60 days.
Deckers Outdoor Corporation Price and Consensus
Deckers Outdoor Corporation price-consensus-chart | Deckers Outdoor Corporation Quote
Origin Bancorp, Inc. OBK: This bank holding company for Origin Bank has seen the Zacks Consensus Estimate for its current year earnings increasing 4.4% over the last 60 days.
Origin Bancorp, Inc. Price and Consensus
Origin Bancorp, Inc. price-consensus-chart | Origin Bancorp, Inc. Quote
Bayerische Motoren Werke Aktiengesellschaft BMWYY: This automobile giant has seen the Zacks Consensus Estimate for its current year earnings increasing 4.4% over the last 60 days.
Bayerische Motoren Werke AG Sponsored ADR Price and Consensus
Bayerische Motoren Werke AG Sponsored ADR price-consensus-chart | Bayerische Motoren Werke AG Sponsored ADR Quote
Casey's General Stores, Inc. CASY: This chain of convenience stores has seen the Zacks Consensus Estimate for its current year earnings increasing 3.6% over the last 60 days.
Casey's General Stores, Inc. Price and Consensus
Casey's General Stores, Inc. price-consensus-chart | Casey's General Stores, Inc. Quote
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows.
It could rival or surpass other recent Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
3D Systems Corporation (DDD) : Free Stock Analysis Report
Casey's General Stores, Inc. (CASY) : Free Stock Analysis Report
Bayerische Motoren Werke AG Sponsored ADR (BMWYY) : Free Stock Analysis Report
Origin Bancorp, Inc. (OBK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: 3D Systems Corporation DDD: This company that provides 3D printing and digital manufacturing solutions has seen the Zacks Consensus Estimate for its current year earnings increasing 40.9% over the last 60 days. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report 3D Systems Corporation (DDD) : Free Stock Analysis Report Casey's General Stores, Inc. (CASY) : Free Stock Analysis Report Bayerische Motoren Werke AG Sponsored ADR (BMWYY) : Free Stock Analysis Report Origin Bancorp, Inc. (OBK) : Free Stock Analysis Report To read this article on Zacks.com click here. Bayerische Motoren Werke AG Sponsored ADR Price and Consensus Bayerische Motoren Werke AG Sponsored ADR price-consensus-chart | Bayerische Motoren Werke AG Sponsored ADR Quote Casey's General Stores, Inc. CASY: This chain of convenience stores has seen the Zacks Consensus Estimate for its current year earnings increasing 3.6% over the last 60 days.
|
Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report 3D Systems Corporation (DDD) : Free Stock Analysis Report Casey's General Stores, Inc. (CASY) : Free Stock Analysis Report Bayerische Motoren Werke AG Sponsored ADR (BMWYY) : Free Stock Analysis Report Origin Bancorp, Inc. (OBK) : Free Stock Analysis Report To read this article on Zacks.com click here. Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: 3D Systems Corporation DDD: This company that provides 3D printing and digital manufacturing solutions has seen the Zacks Consensus Estimate for its current year earnings increasing 40.9% over the last 60 days. Deckers Outdoor Corporation Price and Consensus Deckers Outdoor Corporation price-consensus-chart | Deckers Outdoor Corporation Quote Origin Bancorp, Inc. OBK: This bank holding company for Origin Bank has seen the Zacks Consensus Estimate for its current year earnings increasing 4.4% over the last 60 days.
|
Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report 3D Systems Corporation (DDD) : Free Stock Analysis Report Casey's General Stores, Inc. (CASY) : Free Stock Analysis Report Bayerische Motoren Werke AG Sponsored ADR (BMWYY) : Free Stock Analysis Report Origin Bancorp, Inc. (OBK) : Free Stock Analysis Report To read this article on Zacks.com click here. Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: 3D Systems Corporation DDD: This company that provides 3D printing and digital manufacturing solutions has seen the Zacks Consensus Estimate for its current year earnings increasing 40.9% over the last 60 days. Deckers Outdoor Corporation Price and Consensus Deckers Outdoor Corporation price-consensus-chart | Deckers Outdoor Corporation Quote Origin Bancorp, Inc. OBK: This bank holding company for Origin Bank has seen the Zacks Consensus Estimate for its current year earnings increasing 4.4% over the last 60 days.
|
Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: 3D Systems Corporation DDD: This company that provides 3D printing and digital manufacturing solutions has seen the Zacks Consensus Estimate for its current year earnings increasing 40.9% over the last 60 days. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report 3D Systems Corporation (DDD) : Free Stock Analysis Report Casey's General Stores, Inc. (CASY) : Free Stock Analysis Report Bayerische Motoren Werke AG Sponsored ADR (BMWYY) : Free Stock Analysis Report Origin Bancorp, Inc. (OBK) : Free Stock Analysis Report To read this article on Zacks.com click here. Origin Bancorp, Inc. Price and Consensus Origin Bancorp, Inc. price-consensus-chart | Origin Bancorp, Inc. Quote Bayerische Motoren Werke Aktiengesellschaft BMWYY: This automobile giant has seen the Zacks Consensus Estimate for its current year earnings increasing 4.4% over the last 60 days.
|
ced77a01-7cf6-46c4-a66d-095f274b9af4
|
716378.0
|
2023-12-13 00:00:00 UTC
|
Technology Sector Update for 12/14/2023: ADBE, DDD, HIMX, XLK, XSD
|
DDD
|
https://www.nasdaq.com/articles/technology-sector-update-for-12-14-2023%3A-adbe-ddd-himx-xlk-xsd
|
nan
|
nan
|
Technology stocks were advancing pre-bell Thursday, with the Technology Select Sector SPDR Fund (XLK) up 0.3% and the SPDR S&P Semiconductor ETF (XSD) 0.9% higher recently.
Adobe Systems (ADBE) was falling more than 4% after saying it expects fiscal 2024 revenue to range between $21.30 billion and $21.50 billion. Analysts surveyed by Capital IQ expect $21.73 billion.
3D Systems (DDD) named Jeffrey Creech as chief financial officer. 3D Systems was more than 2% higher in recent premarket activity.
Himax Technologies (HIMX) was up more than 1% after saying it has teamed up with automotive lighting manufacturer Ta Yih Industrial to offer the jointly developed LED Edge-Lit Type automotive lighting application.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
3D Systems (DDD) named Jeffrey Creech as chief financial officer. Technology stocks were advancing pre-bell Thursday, with the Technology Select Sector SPDR Fund (XLK) up 0.3% and the SPDR S&P Semiconductor ETF (XSD) 0.9% higher recently. Himax Technologies (HIMX) was up more than 1% after saying it has teamed up with automotive lighting manufacturer Ta Yih Industrial to offer the jointly developed LED Edge-Lit Type automotive lighting application.
|
3D Systems (DDD) named Jeffrey Creech as chief financial officer. Technology stocks were advancing pre-bell Thursday, with the Technology Select Sector SPDR Fund (XLK) up 0.3% and the SPDR S&P Semiconductor ETF (XSD) 0.9% higher recently. Analysts surveyed by Capital IQ expect $21.73 billion.
|
3D Systems (DDD) named Jeffrey Creech as chief financial officer. Technology stocks were advancing pre-bell Thursday, with the Technology Select Sector SPDR Fund (XLK) up 0.3% and the SPDR S&P Semiconductor ETF (XSD) 0.9% higher recently. Adobe Systems (ADBE) was falling more than 4% after saying it expects fiscal 2024 revenue to range between $21.30 billion and $21.50 billion.
|
3D Systems (DDD) named Jeffrey Creech as chief financial officer. Technology stocks were advancing pre-bell Thursday, with the Technology Select Sector SPDR Fund (XLK) up 0.3% and the SPDR S&P Semiconductor ETF (XSD) 0.9% higher recently. Adobe Systems (ADBE) was falling more than 4% after saying it expects fiscal 2024 revenue to range between $21.30 billion and $21.50 billion.
|
3ae0aec3-663c-4716-b5c4-7cc021077d13
|
716379.0
|
2023-12-07 00:00:00 UTC
|
3D Systems (DDD) Up 27.9% Since Last Earnings Report: Can It Continue?
|
DDD
|
https://www.nasdaq.com/articles/3d-systems-ddd-up-27.9-since-last-earnings-report%3A-can-it-continue
|
nan
|
nan
|
A month has gone by since the last earnings report for 3D Systems (DDD). Shares have added about 27.9% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is 3D Systems due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.
3D Systems Q3 Earnings Beat Estimates, Revenues Miss
3D Systems reported third-quarter 2023 non-GAAP earnings of 1 cent per share, comfortably beating the Zacks Consensus Estimate of a loss of 6 cents. The company had reported a loss of 5 cents per share in the year-ago quarter.
The company reported revenues of $123.8 million, which declined 6.4% year over year and lagged the consensus mark by 0.07%.
In the third quarter, Product revenues represented 42.4% of total revenues and decreased 18.3% to $80.4 million. The figure lagged the Zacks Consensus Estimate by 2.05%.
Services revenues, which accounted for the remaining 35% of revenues, jumped 20.8% year over year to $43.4 million. The figure beat the consensus mark by 4.27%.
Quarter Details
In the third quarter, on the basis of market type, Healthcare revenues fell 18.3% year over year to $52.4 million. On a constant-currency basis, the segment’s revenues plunged 19.5% year over year, mainly due to continued softness across the dental orthodontic market.
The Industrial Division’s revenues increased 4.9% year over year to $71.4 million. On a constant-currency basis, the segment’s revenues increased 1.8%.
3D Systems’ non-GAAP gross profit increased 5% year over year to $55.5 million. The non-GAAP gross profit margin expanded 490 basis points to 44.8%, primarily driven by improved operational efficiencies and a favorable mix.
Adjusted EBITDA was $4.7 million against negative adjusted EBITDA of $0.3 million, benefiting from improved operational efficiencies, favorable mix and lower incentive compensation expense.
Balance Sheet
As of Sep 30, 2023, cash, cash equivalents and short-term investments were $445.6 million, lower than $491.6 million as of Jun 30.
As of Sep 30, 2023, 3D Systems had a total debt of $451.5 million, slightly up from $450.8 million as of Jun 30.
Restructuring Details
3D Systems announced a restructuring initiative in October 2023 that is expected to deliver incremental cost savings of $45 - $55 million by the end of 2024.
It plans to release 39 new printer systems in 2024.
How Have Estimates Been Moving Since Then?
It turns out, fresh estimates have trended downward during the past month.
The consensus estimate has shifted -8.33% due to these changes.
VGM Scores
At this time, 3D Systems has a subpar Growth Score of D, however its Momentum Score is doing a bit better with a C. Charting a somewhat similar path, the stock was allocated a grade of D on the value side, putting it in the bottom 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, 3D Systems has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.
Performance of an Industry Player
3D Systems belongs to the Zacks Computer - Mini computers industry. Another stock from the same industry, Apple (AAPL), has gained 5.2% over the past month. More than a month has passed since the company reported results for the quarter ended September 2023.
Apple reported revenues of $89.5 billion in the last reported quarter, representing a year-over-year change of -0.7%. EPS of $1.46 for the same period compares with $1.29 a year ago.
For the current quarter, Apple is expected to post earnings of $2.08 per share, indicating a change of +10.6% from the year-ago quarter. The Zacks Consensus Estimate has changed +0.6% over the last 30 days.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Apple. Also, the stock has a VGM Score of D.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
3D Systems Corporation (DDD) : Free Stock Analysis Report
Apple Inc. (AAPL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
A month has gone by since the last earnings report for 3D Systems (DDD). Click to get this free report 3D Systems Corporation (DDD) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report To read this article on Zacks.com click here. Will the recent positive trend continue leading up to its next earnings release, or is 3D Systems due for a pullback?
|
Click to get this free report 3D Systems Corporation (DDD) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report To read this article on Zacks.com click here. A month has gone by since the last earnings report for 3D Systems (DDD). 3D Systems Q3 Earnings Beat Estimates, Revenues Miss 3D Systems reported third-quarter 2023 non-GAAP earnings of 1 cent per share, comfortably beating the Zacks Consensus Estimate of a loss of 6 cents.
|
Click to get this free report 3D Systems Corporation (DDD) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report To read this article on Zacks.com click here. A month has gone by since the last earnings report for 3D Systems (DDD). 3D Systems Q3 Earnings Beat Estimates, Revenues Miss 3D Systems reported third-quarter 2023 non-GAAP earnings of 1 cent per share, comfortably beating the Zacks Consensus Estimate of a loss of 6 cents.
|
A month has gone by since the last earnings report for 3D Systems (DDD). Click to get this free report 3D Systems Corporation (DDD) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report To read this article on Zacks.com click here. Will the recent positive trend continue leading up to its next earnings release, or is 3D Systems due for a pullback?
|
39eb115a-30ac-4ea0-bd4c-afbb494249f1
|
716380.0
|
2023-12-07 00:00:00 UTC
|
Zacks Industry Outlook Highlights Apple, HP and 3D Systems
|
DDD
|
https://www.nasdaq.com/articles/zacks-industry-outlook-highlights-apple-hp-and-3d-systems-0
|
nan
|
nan
|
For Immediate Release
Chicago, IL – December 7, 2023 – Today, Zacks Equity Research discusses Apple AAPL, HP HPQ and 3D Systems DDD.
Industry: Mini-Computers
Link: https://www.zacks.com/commentary/2194223/3-stocks-to-watch-from-the-prospering-computer-industry
The Zacks Computer – Mini Computers industry is benefiting from steady demand for enterprise devices, including laptops, tablets and smartphones. Industry participants like Apple, HP and 3D Systems are benefiting from these trends. The improving availability of 5G-enabled smartphones has been a key catalyst for the industry participants.
The launch of foldable, and AI and ML-infused smartphones, tablets, wearables and hearables is another major growth driver for the industry participants. Robust demand for production printers, materials and software bodes well for 3-D printing solution providers. However, waning demand for consumer PCs and geopolitical challenges, including raging inflation and high interest, are major headwinds.
Industry Description
The Zacks Computer – Mini Computers industry comprises companies that offer smartphones, desktops, laptops, printers, wearables and 3-D printers. Such devices are based either on iOS, MacOS, iPadOS, WatchOS, Microsoft Windows, or Google Chrome and Android operating systems. The companies predominantly use processors from Apple, Intel, AMD, Qualcomm, NVIDIA and Samsung.
Expanding screen size, better display and enhanced storage capabilities have been the key catalysts driving the rapid proliferation of smartphones. This has been well-supported by faster mobile processors. Laptops, both consumer and commercial, benefit from faster processors, sleek designs and expanded storage facilities. The addition of healthcare features has been driving the demand for wearables.
3 Mini Computer Industry Trends to Watch
Enterprise Adoption Remains Healthy: Strong enterprise demand has been benefiting the industry participants. The growing adoption of a hybrid working environment bodes well for the players, as demand for laptops and tablets is expected to increase. Demand for smart devices that offer facial recognition, retina scans or finger impressions to verify the user for biometrics is gaining traction as enterprises enhance security.
Impressive Form Factor Drives Demand: Expanding screen size, better display and enhanced storage capabilities have been the key catalysts driving the rapid proliferation of smartphones and tablets. This has been well-supported by faster mobile processors from the likes of Qualcomm, NVIDIA, Apple and Samsung. Improved Internet penetration and speed, along with the evolution of mobile apps, have made smartphones indispensable for consumers.
Improved graphics quality is making smartphones suitable for playing sophisticated games. This is driving the demand for high-end smartphones and opening up significant opportunities for device makers.
PCs Face Extinction Risk: Personal computers (desktops and laptops), be it Windows or Apple’s MacOS-based ones, have been facing the risk of extinction due to the rapid proliferation of smartphones and tablets. Stiff competition from smartphones has compelled global PC makers to not only upgrade hardware frequently but also add apps and cloud-based services to attract consumers. Nevertheless, the emergence of 5G, AI, machine learning and foldable computers is likely to be the key catalysts in expanding the total addressable market of PCs.
Zacks Industry Rank Indicates Bright Prospects
The Zacks Computer – Mini Computers industry is housed within the broader Zacks Computer and Technology sector. It carries a Zacks Industry Rank #37, which places it in the top 15% of more than 250 Zacks industries.
The group’s Zacks Industry Rank, which is the average of the Zacks Rank of all the member stocks, indicates bright near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than two to one.
The industry’s position in the top 50% of the Zacks-ranked industries is a result of a positive earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are optimistic about this group’s earnings growth potential. Since Oct 31, 2023, the Zacks Consensus Estimate for this industry’s 2024 earnings has moved up 0.3%.
Given the bullish outlook, there are a few stocks worth watching in the sector. But before we present those stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock-market performance and valuation picture.
Industry Lags Sector Beats S&P 500
The Zacks Computer – Mini Computers industry has underperformed the broader Zacks Computer and Technology sector but beat the S&P 500 index over the past year.
The industry has gained 33.9% over this period compared with the S&P 500’s return of 16.4% and the broader sector’s rise of 37.8%.
Industry's Current Valuation
On the basis of forward 12-month P/E, which is a commonly used multiple for valuing computer stocks, we see that the industry is currently trading at 27.81X compared with the S&P 500’s 19.17X and the sector’s 24.04X.
Over the last five years, the industry has traded as high as 32.32X and as low as 11.49X, with the median being 24.43X.
3 Computer Stocks to Watch Right Now
3D Systems: This Zacks Rank #1 (Strong Buy) company expects the dental market to stabilize amid the high inventory level in the supply chain and weakness in consumer discretionary spending. You can see the complete list of today’s Zacks #1 Rank stocks here.
3D System expects a slower recovery in 2024 than its earlier expectation. Dental sales are expected to benefit from the continuing migration of orthodontic solutions from metal brackets and wires to clear aligners in the long run. Improved asset management and resource utilization are anticipated to reduce its total inventory significantly in 2024.
The Zacks Consensus Estimate for 2023 loss has narrowed by 7 cents to 13 cents per share over the past 30 days. The stock has declined 38.5% in the year-to-date period.
Apple: This Zacks Rank #3 (Hold) company is benefiting from a steady demand for iPhone devices, as well as an expanding footprint in emerging markets. A growing subscriber base and improving customer engagement are tailwinds for the services business.
Apple currently has more than 1 billion paid subscribers across its Services portfolio. The App Store continues to draw the attention of prominent developers worldwide, helping it offer appealing new apps that drive the App Store’s traffic. A growing number of AI-infused apps will attract subscribers to the App Store.
The Zacks Consensus Estimate for fiscal 2024 earnings has increased by a penny to $6.56 per share over the past 30 days. The stock has gained 37.2% in the year-to-date period.
HP: This Zacks Rank #3 company’s sustained focus on launching the latest and innovative products is likely to help it stay afloat in the current uncertain macroeconomic environment.
Product innovation and differentiations are the key drivers that have helped HPQ maintain its leading position in the PC and printer markets.
The Zacks Consensus Estimate for fiscal 2023 earnings has decreased 1.2% to $3.43 per share over the past 30 days. HP shares have gained 3.7% year to date.
Why Haven’t You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation.
See Stocks Free >>
Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch/
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
https://www.zacks.com
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Apple Inc. (AAPL) : Free Stock Analysis Report
HP Inc. (HPQ) : Free Stock Analysis Report
3D Systems Corporation (DDD) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
For Immediate Release Chicago, IL – December 7, 2023 – Today, Zacks Equity Research discusses Apple AAPL, HP HPQ and 3D Systems DDD. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report HP Inc. (HPQ) : Free Stock Analysis Report 3D Systems Corporation (DDD) : Free Stock Analysis Report To read this article on Zacks.com click here. Demand for smart devices that offer facial recognition, retina scans or finger impressions to verify the user for biometrics is gaining traction as enterprises enhance security.
|
Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report HP Inc. (HPQ) : Free Stock Analysis Report 3D Systems Corporation (DDD) : Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL – December 7, 2023 – Today, Zacks Equity Research discusses Apple AAPL, HP HPQ and 3D Systems DDD. Industry: Mini-Computers Link: https://www.zacks.com/commentary/2194223/3-stocks-to-watch-from-the-prospering-computer-industry The Zacks Computer – Mini Computers industry is benefiting from steady demand for enterprise devices, including laptops, tablets and smartphones.
|
For Immediate Release Chicago, IL – December 7, 2023 – Today, Zacks Equity Research discusses Apple AAPL, HP HPQ and 3D Systems DDD. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report HP Inc. (HPQ) : Free Stock Analysis Report 3D Systems Corporation (DDD) : Free Stock Analysis Report To read this article on Zacks.com click here. Industry: Mini-Computers Link: https://www.zacks.com/commentary/2194223/3-stocks-to-watch-from-the-prospering-computer-industry The Zacks Computer – Mini Computers industry is benefiting from steady demand for enterprise devices, including laptops, tablets and smartphones.
|
For Immediate Release Chicago, IL – December 7, 2023 – Today, Zacks Equity Research discusses Apple AAPL, HP HPQ and 3D Systems DDD. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report HP Inc. (HPQ) : Free Stock Analysis Report 3D Systems Corporation (DDD) : Free Stock Analysis Report To read this article on Zacks.com click here. HP shares have gained 3.7% year to date.
|
80fb964c-8272-4ef1-8f51-434e6fb2890f
|
716381.0
|
2023-12-06 00:00:00 UTC
|
3 Stocks to Watch From the Prospering Computer Industry
|
DDD
|
https://www.nasdaq.com/articles/3-stocks-to-watch-from-the-prospering-computer-industry
|
nan
|
nan
|
The Zacks Computer – Mini Computers industry is benefiting from steady demand for enterprise devices, including laptops, tablets and smartphones. Industry participants like Apple AAPL, HP HPQ and 3D Systems DDD are benefiting from these trends. The improving availability of 5G-enabled smartphones has been a key catalyst for the industry participants. The launch of foldable, and AI and ML-infused smartphones, tablets, wearables and hearables is another major growth driver for the industry participants. Robust demand for production printers, materials and software bodes well for 3-D printing solution providers. However, waning demand for consumer PCs and geopolitical challenges, including raging inflation and high interest, are major headwinds.
Industry Description
The Zacks Computer – Mini Computers industry comprises companies that offer smartphones, desktops, laptops, printers, wearables and 3-D printers. Such devices are based either on iOS, MacOS, iPadOS, WatchOS, Microsoft Windows, or Google Chrome and Android operating systems. The companies predominantly use processors from Apple, Intel, AMD, Qualcomm, NVIDIA and Samsung. Expanding screen size, better display and enhanced storage capabilities have been the key catalysts driving the rapid proliferation of smartphones. This has been well-supported by faster mobile processors. Laptops, both consumer and commercial, benefit from faster processors, sleek designs and expanded storage facilities. The addition of healthcare features has been driving the demand for wearables.
3 Mini Computer Industry Trends to Watch
Enterprise Adoption Remains Healthy: Strong enterprise demand has been benefiting the industry participants. The growing adoption of a hybrid working environment bodes well for the players, as demand for laptops and tablets is expected to increase. Demand for smart devices that offer facial recognition, retina scans or finger impressions to verify the user for biometrics is gaining traction as enterprises enhance security.
Impressive Form Factor Drives Demand: Expanding screen size, better display and enhanced storage capabilities have been the key catalysts driving the rapid proliferation of smartphones and tablets. This has been well-supported by faster mobile processors from the likes of Qualcomm, NVIDIA, Apple and Samsung. Improved Internet penetration and speed, along with the evolution of mobile apps, have made smartphones indispensable for consumers. Improved graphics quality is making smartphones suitable for playing sophisticated games. This is driving the demand for high-end smartphones and opening up significant opportunities for device makers.
PCs Face Extinction Risk: Personal computers (desktops and laptops), be it Windows or Apple’s MacOS-based ones, have been facing the risk of extinction due to the rapid proliferation of smartphones and tablets. Stiff competition from smartphones has compelled global PC makers to not only upgrade hardware frequently but also add apps and cloud-based services to attract consumers. Nevertheless, the emergence of 5G, AI, machine learning and foldable computers is likely to be the key catalysts in expanding the total addressable market of PCs.
Zacks Industry Rank Indicates Bright Prospects
The Zacks Computer – Mini Computers industry is housed within the broader Zacks Computer and Technology sector. It carries a Zacks Industry Rank #37, which places it in the top 15% of more than 250 Zacks industries.
The group’s Zacks Industry Rank, which is the average of the Zacks Rank of all the member stocks, indicates bright near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than two to one.
The industry’s position in the top 50% of the Zacks-ranked industries is a result of a positive earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are optimistic about this group’s earnings growth potential. Since Oct 31, 2023, the Zacks Consensus Estimate for this industry’s 2024 earnings has moved up 0.3%.
Given the bullish outlook, there are a few stocks worth watching in the sector. But before we present those stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock-market performance and valuation picture.
Industry Lags Sector Beats S&P 500
The Zacks Computer – Mini Computers industry has underperformed the broader Zacks Computer and Technology sector but beat the S&P 500 index over the past year.
The industry has gained 33.9% over this period compared with the S&P 500’s return of 16.4% and the broader sector’s rise of 37.8%.
One-Year Price Performance
Industry's Current Valuation
On the basis of forward 12-month P/E, which is a commonly used multiple for valuing computer stocks, we see that the industry is currently trading at 27.81X compared with the S&P 500’s 19.17X and the sector’s 24.04X.
Over the last five years, the industry has traded as high as 32.32X and as low as 11.49X, with the median being 24.43X, as the chart below shows.
Forward 12-Month Price-to-Earnings (P/E) Ratio
3 Computer Stocks to Watch Right Now
3D Systems: This Zacks Rank #1 (Strong Buy) company expects the dental market to stabilize amid the high inventory level in the supply chain and weakness in consumer discretionary spending. You can see the complete list of today’s Zacks #1 Rank stocks here.
3D System expects a slower recovery in 2024 than its earlier expectation. Dental sales are expected to benefit from the continuing migration of orthodontic solutions from metal brackets and wires to clear aligners in the long run. Improved asset management and resource utilization are anticipated to reduce its total inventory significantly in 2024.
The Zacks Consensus Estimate for 2023 loss has narrowed by 7 cents to 13 cents per share over the past 30 days. The stock has declined 38.5% in the year-to-date period.
Price and Consensus: DDD
Apple: This Zacks Rank #3 (Hold) company is benefiting from a steady demand for iPhone devices, as well as an expanding footprint in emerging markets. A growing subscriber base and improving customer engagement are tailwinds for the services business.
Apple currently has more than 1 billion paid subscribers across its Services portfolio. The App Store continues to draw the attention of prominent developers worldwide, helping it offer appealing new apps that drive the App Store’s traffic. A growing number of AI-infused apps will attract subscribers to the App Store.
The Zacks Consensus Estimate for fiscal 2024 earnings has increased by a penny to $6.56 per share over the past 30 days. The stock has gained 37.2% in the year-to-date period.
Price and Consensus: AAPL
HP: This Zacks Rank #3 company’s sustained focus on launching the latest and innovative products is likely to help it stay afloat in the current uncertain macroeconomic environment.
Product innovation and differentiations are the key drivers that have helped HPQ maintain its leading position in the PC and printer markets.
The Zacks Consensus Estimate for fiscal 2023 earnings has decreased 1.2% to $3.43 per share over the past 30 days. HP shares have gained 3.7% year to date.
Price and Consensus: HPQ
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Apple Inc. (AAPL) : Free Stock Analysis Report
HP Inc. (HPQ) : Free Stock Analysis Report
3D Systems Corporation (DDD) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Industry participants like Apple AAPL, HP HPQ and 3D Systems DDD are benefiting from these trends. Price and Consensus: DDD Apple: This Zacks Rank #3 (Hold) company is benefiting from a steady demand for iPhone devices, as well as an expanding footprint in emerging markets. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report HP Inc. (HPQ) : Free Stock Analysis Report 3D Systems Corporation (DDD) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report HP Inc. (HPQ) : Free Stock Analysis Report 3D Systems Corporation (DDD) : Free Stock Analysis Report To read this article on Zacks.com click here. Industry participants like Apple AAPL, HP HPQ and 3D Systems DDD are benefiting from these trends. Price and Consensus: DDD Apple: This Zacks Rank #3 (Hold) company is benefiting from a steady demand for iPhone devices, as well as an expanding footprint in emerging markets.
|
Industry participants like Apple AAPL, HP HPQ and 3D Systems DDD are benefiting from these trends. Price and Consensus: DDD Apple: This Zacks Rank #3 (Hold) company is benefiting from a steady demand for iPhone devices, as well as an expanding footprint in emerging markets. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report HP Inc. (HPQ) : Free Stock Analysis Report 3D Systems Corporation (DDD) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
Industry participants like Apple AAPL, HP HPQ and 3D Systems DDD are benefiting from these trends. Price and Consensus: DDD Apple: This Zacks Rank #3 (Hold) company is benefiting from a steady demand for iPhone devices, as well as an expanding footprint in emerging markets. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report HP Inc. (HPQ) : Free Stock Analysis Report 3D Systems Corporation (DDD) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
55f444c4-df55-4648-ac69-ee2263871d77
|
716382.0
|
2023-11-30 00:00:00 UTC
|
Thursday 11/30 Insider Buying Report: KYN, DDD
|
DDD
|
https://www.nasdaq.com/articles/thursday-11-30-insider-buying-report%3A-kyn-ddd
|
nan
|
nan
|
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys.
On Tuesday, Kayne Anderson MLP Investment's President, James C. Baker, made a $376,596 buy of KYN, purchasing 37,547 shares at a cost of $10.03 each. Bargain hunters are able to snag KYN even cheaper than Baker did, with the stock trading as low as $8.38 in trading on Thursday -- that's 16.5% under Baker's purchase price. Kayne Anderson MLP Investment is trading up about 1.3% on the day Thursday. Before this latest buy, Baker made one other buy in the past twelve months, purchasing $83,900 shares for a cost of $8.39 each.
And also on Tuesday, Director Thomas W. Erickson bought $265,000 worth of 3D Systems, buying 50,000 shares at a cost of $5.30 a piece. Before this latest buy, Erickson made one other purchase in the past twelve months, buying $228,400 shares at a cost of $4.57 each. 3D Systems is trading up about 1.9% on the day Thursday.
VIDEO: Thursday 11/30 Insider Buying Report: KYN, DDD
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
VIDEO: Thursday 11/30 Insider Buying Report: KYN, DDD The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. On Tuesday, Kayne Anderson MLP Investment's President, James C. Baker, made a $376,596 buy of KYN, purchasing 37,547 shares at a cost of $10.03 each. Kayne Anderson MLP Investment is trading up about 1.3% on the day Thursday.
|
VIDEO: Thursday 11/30 Insider Buying Report: KYN, DDD The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. On Tuesday, Kayne Anderson MLP Investment's President, James C. Baker, made a $376,596 buy of KYN, purchasing 37,547 shares at a cost of $10.03 each. Before this latest buy, Baker made one other buy in the past twelve months, purchasing $83,900 shares for a cost of $8.39 each.
|
VIDEO: Thursday 11/30 Insider Buying Report: KYN, DDD The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. On Tuesday, Kayne Anderson MLP Investment's President, James C. Baker, made a $376,596 buy of KYN, purchasing 37,547 shares at a cost of $10.03 each. Before this latest buy, Baker made one other buy in the past twelve months, purchasing $83,900 shares for a cost of $8.39 each.
|
VIDEO: Thursday 11/30 Insider Buying Report: KYN, DDD The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. On Tuesday, Kayne Anderson MLP Investment's President, James C. Baker, made a $376,596 buy of KYN, purchasing 37,547 shares at a cost of $10.03 each.
|
76f979b7-f2ee-41a2-a9a0-4d31a06145c3
|
716383.0
|
2023-11-22 00:00:00 UTC
|
NVIDIA (NVDA) Beats on Q3 Earnings, Guides Above Expectation
|
DDD
|
https://www.nasdaq.com/articles/nvidia-nvda-beats-on-q3-earnings-guides-above-expectation
|
nan
|
nan
|
NVIDIA Corporation NVDA reported better-than-expected third-quarter fiscal 2024 results and provided strong guidance for the fourth quarter.
For the third quarter, NVIDIA reported non-GAAP earnings of $4.02 per share, which beat the Zacks Consensus Estimate by 19.6%. Moreover, the reported figure soared a whopping 593% year over year while increasing 49% sequentially. The robust increase in earnings was mainly driven by higher revenues and improvement in gross margin.
Third-quarter revenues more than doubled on a year-over-year basis and climbed 34% sequentially to $18.12 billion. The robust growth in the top line was mainly driven by record sales in the Data Center end market and recovery across the Gaming and Professional Visualization end markets due to the normalization of channel inventory. The top line also beat the consensus mark of $16.19 billion.
NVIDIA Corporation Price, Consensus and EPS Surprise
NVIDIA Corporation price-consensus-eps-surprise-chart | NVIDIA Corporation Quote
Segment Details
NVIDIA reports revenues under two segments — Graphics and Compute & Networking.
Graphics includes GeForce GPUs for gaming and personal computers, the GeForce NOW game-streaming service and related infrastructure. The segment also offers solutions for gaming platforms, Quadro GPUs for enterprise design, GRID software for cloud-based visual and virtual computing and automotive platforms for infotainment systems.
Graphics accounted for 19% of fiscal third-quarter revenues. The segment’s top line soared 64% year over year while increasing 12% sequentially to $3.48 billion. Our third-quarter revenue estimate for Graphics segment was pegged at $3.36 billion.
Compute & Networking represented 81% of fiscal third-quarter revenues. The segment comprises Data Center platforms and systems for artificial intelligence, high-performance computing and accelerated computing, the DRIVE development platform for autonomous vehicles and Jetson for robotics and other embedded platforms.
Compute & Networking revenues soared 284% year over year and 41% sequentially to $14.65 billion. Our third-quarter revenue estimate for this segment was pegged at $12.7 billion.
Market Platform’s Top-Line Details
Based on the market platform, Gaming revenues increased 81% year over year while growing 15% sequentially to $2.86 billion and accounted for 15.8% of the total revenues. The year-over-year surge reflects increased sales to channel partners following the normalization of inventory. The company noted that quarter-on-quarter growth was primarily driven by increased sales of its GeForce RTX 40 series GPUs (graphics processing units) due to back-to-school and holiday seasons.
The company believes that Gaming has doubled in comparison to pre-covid times and this is benefiting NVIDIA’s gaming revenues. Our estimate for the Gaming end-market’s third-quarter revenues was pegged at $2.78 billion.
Revenues from Data Center (80.1% of revenues) jumped 279% year over year and 41% from the previous quarter to $14.51 billion. This year-over-year and sequential rise was mainly driven by a boost in its HGX platform and Infi-Band solution. The segment also experienced traction from its Cloud Service Provider (CSP) customer base both in Hyperscale and GPU-specialized CSPs globally. Our estimate for this end-market’s third-quarter revenues was pegged at $12.5 billion.
Professional Visualization revenues (2.3% of revenues) increased 108% year over year and 10% sequentially to $416 million. The segment is growing on the back of NVIDIA RTX and Omniverse Platform. Our estimate for the Professional Visualization end-market’s third-quarter revenues was pegged at $416.8 million.
Automotive sales (1.4% of revenues) in the reported quarter totaled $261 million, up 4% on a year-over-year basis and 3% sequentially. The year-over-year rise was mainly driven by the ramp-up of self-driving platforms based on NVIDIA DRIVE Orin SoC by several new energy vehicle makers. Additionally, the Automotive segment is also experiencing growth as more and more Global Original Equipment Manufacturers are investing in AI-cockpit solutions. Our estimate for this end-market’s third-quarter revenues was pegged at $257.7 million.
OEM and Other revenues (0.4% of revenues) remained unchanged year over year, while increased 11% sequentially to $73 million. Our third-quarter revenue estimate for this end market was pegged at $67.7 million.
Balance Sheet and Cash Flow
As of Oct 29, 2023, NVDA’s cash, cash equivalents and marketable securities were $18.28 billion, up from $16.02 billion as of Jul 30, 2023. As of Oct 29, 2023, the total long-term debt was $8.45 billion, down from $9.70 billion at the end of the second quarter.
NVIDIA generated $7.33 billion in operating cash flow, up from the year-ago quarter’s $392 million and the previous quarter’s $6.35 billion.
The free cash flow was an inflow of $7.04 billion compared with the year-ago quarter’s outflow of $156 million and the previous quarter’s inflow of $6.05 billion.
In the third quarter, the company returned $99 million to shareholders through dividend payouts and repurchased stocks worth $3.81 billion. During the first nine months of fiscal 2024, the company paid out $296 million in dividends and bought back stocks worth $7.01 billion.
At the end of the quarter, it had a remaining share-repurchase authorization of approximately $25.24 billion, which has no expiration time.
NVIDIA announced a quarterly cash dividend of 4 cents per share, payable on Dec 28, 2023, to shareholders of record on Dec 6, 2023.
Guidance
For the fourth quarter of fiscal 2024, NVIDIA anticipates revenues of $20 billion (+/-2%), higher than the Zacks Consensus Estimate of $17.85 billion.
The GAAP and non-GAAP gross margins are projected at 74.5% and 75.5%, respectively (+/-50 bps). GAAP and non-GAAP operating expenses are estimated at $3.17 billion and $2.20 billion, respectively.
GAAP and non-GAAP other income and expenses, excluding gains and losses from non-affiliated investments, are anticipated at approximately $200 million.
The GAAP and non-GAAP tax rate for the quarter is estimated at 15% (+/- 1%).
During the first-quarter earnings results, the company had estimated to make capital expenditures between $1.10 billion and $1.30 billion during fiscal 2024, including principal payments on property and equipment.
Zacks Rank and Other Stocks to Consider
Currently, NVIDIA sports a Zacks Rank #1 (Strong Buy). Shares of NVDA have gained 241.8% year to date.
Some other top-ranked stocks from the broader technology sector are 3D Systems DDD, NetEase NTES and Dropbox DBX, each flaunting a Zacks Rank #1 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for DDD’s fourth-quarter fiscal 2023 earnings has been revised downward by a penny to 1 cent per share in the past 30 days. For fiscal 2023, bottom-line estimates have increased by 5 cents to a loss of 17 cents per share in the past 30 days.
3D Systems' earnings beat the Zacks Consensus Estimate twice in the trailing four quarters while missing the same on two occasions, the average surprise being 32.29%. Shares of DDD have declined 37.3% year to date.
The Zacks Consensus Estimate for NetEase's fourth-quarter 2023 earnings has been revised upward by 9 cents to $1.73 per share in the past 30 days. For fiscal 2023, earnings estimates have increased by 42 cents to $6.96 per share in the past 30 days.
NTES' earnings beat the Zacks Consensus Estimate in three of the trailing four quarters while missing the same on one occasion, the average surprise being 16.63%. Shares of NTES have gained 60.4% year to date.
The Zacks Consensus Estimate for Dropbox's fourth-quarter 2023 earnings has remained unchanged for the past 90 days at 48 cents per share. For fiscal 2023, earnings estimates have been revised 7 cents upward to $1.96 per share in the past 30 days.
DBX’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 13.14%. Shares of DBX have climbed 24.8% year to date.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
NetEase, Inc. (NTES) : Free Stock Analysis Report
3D Systems Corporation (DDD) : Free Stock Analysis Report
Dropbox, Inc. (DBX) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Some other top-ranked stocks from the broader technology sector are 3D Systems DDD, NetEase NTES and Dropbox DBX, each flaunting a Zacks Rank #1 at present. The Zacks Consensus Estimate for DDD’s fourth-quarter fiscal 2023 earnings has been revised downward by a penny to 1 cent per share in the past 30 days. Shares of DDD have declined 37.3% year to date.
|
Click to get this free report NVIDIA Corporation (NVDA) : Free Stock Analysis Report NetEase, Inc. (NTES) : Free Stock Analysis Report 3D Systems Corporation (DDD) : Free Stock Analysis Report Dropbox, Inc. (DBX) : Free Stock Analysis Report To read this article on Zacks.com click here. Some other top-ranked stocks from the broader technology sector are 3D Systems DDD, NetEase NTES and Dropbox DBX, each flaunting a Zacks Rank #1 at present. The Zacks Consensus Estimate for DDD’s fourth-quarter fiscal 2023 earnings has been revised downward by a penny to 1 cent per share in the past 30 days.
|
Click to get this free report NVIDIA Corporation (NVDA) : Free Stock Analysis Report NetEase, Inc. (NTES) : Free Stock Analysis Report 3D Systems Corporation (DDD) : Free Stock Analysis Report Dropbox, Inc. (DBX) : Free Stock Analysis Report To read this article on Zacks.com click here. Some other top-ranked stocks from the broader technology sector are 3D Systems DDD, NetEase NTES and Dropbox DBX, each flaunting a Zacks Rank #1 at present. The Zacks Consensus Estimate for DDD’s fourth-quarter fiscal 2023 earnings has been revised downward by a penny to 1 cent per share in the past 30 days.
|
Some other top-ranked stocks from the broader technology sector are 3D Systems DDD, NetEase NTES and Dropbox DBX, each flaunting a Zacks Rank #1 at present. The Zacks Consensus Estimate for DDD’s fourth-quarter fiscal 2023 earnings has been revised downward by a penny to 1 cent per share in the past 30 days. Shares of DDD have declined 37.3% year to date.
|
504d19d9-623a-419a-b823-fac7d965ba02
|
716384.0
|
2023-11-08 00:00:00 UTC
|
3D Systems (DDD) Moves to Strong Buy: Rationale Behind the Upgrade
|
DDD
|
https://www.nasdaq.com/articles/3d-systems-ddd-moves-to-strong-buy%3A-rationale-behind-the-upgrade
|
nan
|
nan
|
3D Systems (DDD) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.
The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.
The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time.
As such, the Zacks rating upgrade for 3D Systems is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.
Most Powerful Force Impacting Stock Prices
The change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.
Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for 3D Systems imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.
Harnessing the Power of Earnings Estimate Revisions
Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>.
Earnings Estimate Revisions for 3D Systems
For the fiscal year ending December 2023, this maker of 3D printers is expected to earn -$0.21 per share, which is a change of 8.7% from the year-ago reported number.
Analysts have been steadily raising their estimates for 3D Systems. Over the past three months, the Zacks Consensus Estimate for the company has increased 4.9%.
Bottom Line
Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of 3D Systems to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2023. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
3D Systems Corporation (DDD) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
3D Systems (DDD) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). Click to get this free report 3D Systems Corporation (DDD) : Free Stock Analysis Report To read this article on Zacks.com click here. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it.
|
3D Systems (DDD) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). Click to get this free report 3D Systems Corporation (DDD) : Free Stock Analysis Report To read this article on Zacks.com click here. The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts.
|
3D Systems (DDD) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). Click to get this free report 3D Systems Corporation (DDD) : Free Stock Analysis Report To read this article on Zacks.com click here. Most Powerful Force Impacting Stock Prices The change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock.
|
3D Systems (DDD) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). Click to get this free report 3D Systems Corporation (DDD) : Free Stock Analysis Report To read this article on Zacks.com click here. The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts.
|
6e147fad-cf51-4e21-af72-3e35abdcf88f
|
716385.0
|
2023-11-08 00:00:00 UTC
|
3D Systems (DDD) Q3 Earnings Beat Estimates, Revenues Miss
|
DDD
|
https://www.nasdaq.com/articles/3d-systems-ddd-q3-earnings-beat-estimates-revenues-miss
|
nan
|
nan
|
3D Systems DDD reported third-quarter 2023 non-GAAP earnings of 1 cent per share, comfortably beating the Zacks Consensus Estimate of a loss of 6 cents. The company had reported a loss of 5 cents per share in the year-ago quarter.
The company reported revenues of $123.8 million, which declined 6.4% year over year and lagged the consensus mark by 0.07%.
In the third quarter, Product revenues represented 42.4% of total revenues and decreased 18.3% to $80.4 million. The figure lagged the Zacks Consensus Estimate by 2.05%.
Services revenues, which accounted for the remaining 35% of revenues, jumped 20.8% year over year to $43.4 million. The figure beat the consensus mark by 4.27%.
3D Systems Corporation Price, Consensus and EPS Surprise
3D Systems Corporation price-consensus-eps-surprise-chart | 3D Systems Corporation Quote
Quarter Details
In the third quarter, on the basis of market type, Healthcare revenues fell 18.3% year over year to $52.4 million. On a constant-currency basis, the segment’s revenues plunged 19.5% year over year, mainly due to continued softness across the dental orthodontic market.
The Industrial Division’s revenues increased 4.9% year over year to $71.4 million. On a constant-currency basis, the segment’s revenues increased 1.8%.
3D Systems’ non-GAAP gross profit increased 5% year over year to $55.5 million. The non-GAAP gross profit margin expanded 490 basis points to 44.8%, primarily driven by improved operational efficiencies and a favorable mix.
Adjusted EBITDA was $4.7 million against negative adjusted EBITDA of $0.3 million, benefiting from improved operational efficiencies, favorable mix and lower incentive compensation expense.
Balance Sheet
As of Sep 30, 2023, cash, cash equivalents and short-term investments were $445.6 million, lower than $491.6 million as of Jun 30.
As of Sep 30, 2023, 3D Systems had a total debt of $451.5 million, slightly up from $450.8 million as of Jun 30.
Restructuring Details
3D Systems announced a restructuring initiative in October 2023 that is expected to deliver incremental cost savings of $45 - $55 million by the end of 2024.
It plans to release 39 new printer systems in 2024.
Zacks Rank & Stocks to Consider
The company currently carries a Zacks Rank #3 (Hold).
NetEase NTES, NVIDIA NVDA and Model N MODN are some better-ranked stocks that investors can consider in the broader Zacks Computer & Technology sector, each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
NetEase shares have gained 54.8% year to date. NTES is set to report its third-quarter 2023 results on Nov 16.
NVIDIA shares have returned 216.8% year to date. NVDA is set to report its third-quarter fiscal 2024 results on Nov 21.
Model N shares have declined 38.9% year to date. MODN is set to report its fourth-quarter fiscal 2023 results on Nov 9.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2023. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
NetEase, Inc. (NTES) : Free Stock Analysis Report
3D Systems Corporation (DDD) : Free Stock Analysis Report
Model N, Inc. (MODN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
3D Systems DDD reported third-quarter 2023 non-GAAP earnings of 1 cent per share, comfortably beating the Zacks Consensus Estimate of a loss of 6 cents. Click to get this free report NVIDIA Corporation (NVDA) : Free Stock Analysis Report NetEase, Inc. (NTES) : Free Stock Analysis Report 3D Systems Corporation (DDD) : Free Stock Analysis Report Model N, Inc. (MODN) : Free Stock Analysis Report To read this article on Zacks.com click here. The non-GAAP gross profit margin expanded 490 basis points to 44.8%, primarily driven by improved operational efficiencies and a favorable mix.
|
3D Systems DDD reported third-quarter 2023 non-GAAP earnings of 1 cent per share, comfortably beating the Zacks Consensus Estimate of a loss of 6 cents. Click to get this free report NVIDIA Corporation (NVDA) : Free Stock Analysis Report NetEase, Inc. (NTES) : Free Stock Analysis Report 3D Systems Corporation (DDD) : Free Stock Analysis Report Model N, Inc. (MODN) : Free Stock Analysis Report To read this article on Zacks.com click here. 3D Systems Corporation Price, Consensus and EPS Surprise 3D Systems Corporation price-consensus-eps-surprise-chart | 3D Systems Corporation Quote Quarter Details In the third quarter, on the basis of market type, Healthcare revenues fell 18.3% year over year to $52.4 million.
|
Click to get this free report NVIDIA Corporation (NVDA) : Free Stock Analysis Report NetEase, Inc. (NTES) : Free Stock Analysis Report 3D Systems Corporation (DDD) : Free Stock Analysis Report Model N, Inc. (MODN) : Free Stock Analysis Report To read this article on Zacks.com click here. 3D Systems DDD reported third-quarter 2023 non-GAAP earnings of 1 cent per share, comfortably beating the Zacks Consensus Estimate of a loss of 6 cents. The company reported revenues of $123.8 million, which declined 6.4% year over year and lagged the consensus mark by 0.07%.
|
3D Systems DDD reported third-quarter 2023 non-GAAP earnings of 1 cent per share, comfortably beating the Zacks Consensus Estimate of a loss of 6 cents. Click to get this free report NVIDIA Corporation (NVDA) : Free Stock Analysis Report NetEase, Inc. (NTES) : Free Stock Analysis Report 3D Systems Corporation (DDD) : Free Stock Analysis Report Model N, Inc. (MODN) : Free Stock Analysis Report To read this article on Zacks.com click here. The company reported revenues of $123.8 million, which declined 6.4% year over year and lagged the consensus mark by 0.07%.
|
88232c7e-77cc-4e66-a218-3d5849606756
|
716386.0
|
2023-11-01 00:00:00 UTC
|
Earnings Preview: 3D Systems (DDD) Q3 Earnings Expected to Decline
|
DDD
|
https://www.nasdaq.com/articles/earnings-preview%3A-3d-systems-ddd-q3-earnings-expected-to-decline
|
nan
|
nan
|
Wall Street expects a year-over-year decline in earnings on lower revenues when 3D Systems (DDD) reports results for the quarter ended September 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on November 8, 2023, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on theearnings call it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus Estimate
This maker of 3D printers is expected to post quarterly loss of $0.06 per share in its upcoming report, which represents a year-over-year change of -20%.
Revenues are expected to be $123.71 million, down 6.5% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has been revised 7.69% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Earnings Whisper
Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for 3D Systems?
For 3D Systems, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -16.67%.
On the other hand, the stock currently carries a Zacks Rank of #2.
So, this combination makes it difficult to conclusively predict that 3D Systems will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?
While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that 3D Systems would post a loss of $0.07 per share when it actually produced a loss of $0.07, delivering no surprise.
Over the last four quarters, the company has beaten consensus EPS estimates two times.
Bottom Line
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
3D Systems doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.3% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
3D Systems Corporation (DDD) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Wall Street expects a year-over-year decline in earnings on lower revenues when 3D Systems (DDD) reports results for the quarter ended September 2023. Click to get this free report 3D Systems Corporation (DDD) : Free Stock Analysis Report To read this article on Zacks.com click here. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
|
Wall Street expects a year-over-year decline in earnings on lower revenues when 3D Systems (DDD) reports results for the quarter ended September 2023. Click to get this free report 3D Systems Corporation (DDD) : Free Stock Analysis Report To read this article on Zacks.com click here. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
|
Wall Street expects a year-over-year decline in earnings on lower revenues when 3D Systems (DDD) reports results for the quarter ended September 2023. Click to get this free report 3D Systems Corporation (DDD) : Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate.
|
Wall Street expects a year-over-year decline in earnings on lower revenues when 3D Systems (DDD) reports results for the quarter ended September 2023. Click to get this free report 3D Systems Corporation (DDD) : Free Stock Analysis Report To read this article on Zacks.com click here. Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
|
277b7667-0976-4450-8c87-d11bb9a767d6
|
716387.0
|
2023-10-26 00:00:00 UTC
|
3D Systems (DDD) Report Preliminary 3Q Results, Scrap 2023 View
|
DDD
|
https://www.nasdaq.com/articles/3d-systems-ddd-report-preliminary-3q-results-scrap-2023-view
|
nan
|
nan
|
3D Systems DDD reported weaker-than-expected preliminary results for third-quarter 2023. It now expects revenues between $123 million and $124 million, indicating a year-over-year decline between $9.3 million and $8.3 million, primarily due to softness in printer demand.
The company now expects 2023 revenues to be weaker than previously expected guidance, primarily due to challenging macroeconomic conditions. 3D Systems is scrapping its previously provided guidance for 2023. The company had projected revenues in the range of $525-$545 million.
The Zacks Consensus Estimate for 2023 is currently pegged at $524.69 million, suggesting a 2.48% year-over-year decline. The consensus mark for loss is pegged at 22 cents per share, unchanged in the past 30 days.
Meanwhile, 3D Systems aims to save $45 - $55 million annually by the end of 2024 through its recently announced expansion of the restructuring plan. Most of the cost will be incurred in the first quarter of 2024. The restructuring plan targets headcount reduction and trimming geographic locations in all functions across the company.
The 3D system is expected to report its third quarter financial results and provide insights into the restructuring initiative on Nov 8.
3D Systems Corporation Price and Consensus
3D Systems Corporation price-consensus-chart | 3D Systems Corporation Quote
What is in Store for DDD’s Shares in 2023?
DDD shares have declined 46.9% compared with the Zacks Computer & Technology sector’s increase of 30% year to date. The underperformance can be attributed to ongoing macroeconomic uncertainties and soft printer demand.
However, additive manufacturing is gaining traction amid this underperformance among larger industries seeking economically viable solutions. 3D Systems, recognizing its position as the largest additive manufacturing company, is actively pursuing scalability.
DDD is also entering into biotechnology, metal additive manufacturing and large-format pellet extrusion printing through partnerships with their adaptive, Oerlikon AM and SWANY Co. Ltd., respectively.
To further extend its regenerative medicine efforts, DDD has partnered with United Therapeutics UTHR. The companies aim to create highly intricate products, including 3D-printed lungs.
United Therapeutics, a public benefit corporation, is involved in pursuing organ manufacturing. Recently, UTHR successfully transplanted a genetically engineered heart, Xenoheart, into a living person.
3D Systems recently announced the successful use of its point-of-care technologies in producing a patient-specific 3D-printed cranial implant used in a cranioplasty at the University Hospital Basel.
In September, 3D Systems partnered with Klarity to extend the reach of its FDA-approved VSP Bolus solution, simplifying the patient experience and enhancing radiotherapy care across the United States and Canada through Klarity Prints.
Zacks Rank & Stocks to Consider
DDD currently has a Zacks Rank #3 (Hold).
NVIDIA NVDA and Dell Technologies DELL are some better-ranked stocks in the broader sector, each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of NVDA and DELL have gained 185.9% and 64.9%, respectively, year to date.
The long-term earnings growth rate for NVIDIA and Dell Technologies are pegged at 13.5% and 12%, respectively.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dell Technologies Inc. (DELL) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
United Therapeutics Corporation (UTHR) : Free Stock Analysis Report
3D Systems Corporation (DDD) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
DDD is also entering into biotechnology, metal additive manufacturing and large-format pellet extrusion printing through partnerships with their adaptive, Oerlikon AM and SWANY Co. Ltd., respectively. 3D Systems DDD reported weaker-than-expected preliminary results for third-quarter 2023. 3D Systems Corporation Price and Consensus 3D Systems Corporation price-consensus-chart | 3D Systems Corporation Quote What is in Store for DDD’s Shares in 2023?
|
3D Systems Corporation Price and Consensus 3D Systems Corporation price-consensus-chart | 3D Systems Corporation Quote What is in Store for DDD’s Shares in 2023? Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report United Therapeutics Corporation (UTHR) : Free Stock Analysis Report 3D Systems Corporation (DDD) : Free Stock Analysis Report To read this article on Zacks.com click here. 3D Systems DDD reported weaker-than-expected preliminary results for third-quarter 2023.
|
3D Systems Corporation Price and Consensus 3D Systems Corporation price-consensus-chart | 3D Systems Corporation Quote What is in Store for DDD’s Shares in 2023? Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report United Therapeutics Corporation (UTHR) : Free Stock Analysis Report 3D Systems Corporation (DDD) : Free Stock Analysis Report To read this article on Zacks.com click here. 3D Systems DDD reported weaker-than-expected preliminary results for third-quarter 2023.
|
Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report United Therapeutics Corporation (UTHR) : Free Stock Analysis Report 3D Systems Corporation (DDD) : Free Stock Analysis Report To read this article on Zacks.com click here. 3D Systems DDD reported weaker-than-expected preliminary results for third-quarter 2023. 3D Systems Corporation Price and Consensus 3D Systems Corporation price-consensus-chart | 3D Systems Corporation Quote What is in Store for DDD’s Shares in 2023?
|
c0c397bf-1e98-416d-b911-021b15fa189e
|
716388.0
|
2023-10-25 00:00:00 UTC
|
Why 3D Systems Stock Collapsed on Wednesday
|
DDD
|
https://www.nasdaq.com/articles/why-3d-systems-stock-collapsed-on-wednesday
|
nan
|
nan
|
Shares of 3D Systems (NYSE: DDD) were down 13% as of 12:06 p.m. ET on Wednesday after the company withdrew its full-year outlook.
The 3D printer company offered preliminary results for the third quarter that call for revenue to be between $123 million and $124 million, representing a year-over-year decline of about 7%. This comes on top of a 15% decline in revenue in Q3 2022.
The company called out the uncertain macroeconomic and geopolitical environment for why it has decided to withdraw its full-year outlook. The news adds to the uncertainty for near-term sales trends, which has already sent the stock down 48% year to date.
3D Systems announces plan to boost profits
3D printing demand is clearly not turning the corner anytime soon, so management is turning its focus to reducing costs to shore up the bottom line.
The company said it was targeting annualized savings of $45 million to $55 million by the end of 2024. The company reported a quarterly net loss of $28 million in the second quarter, so the savings could help 3D Systems turn a small profit.
Why Wall Street wasn't impressed
It's uncertain whether the cost savings plan will be enough to lift the stock. The market is obviously not enthusiastic about the weakening demand trends, even with the stock selling at its lowest valuation in several years.
3D Systems hasn't been a high-growth business over the last 10 years. Until demand firms up again, the stock may continue to underperform into next year.
However, the 3D printing market was estimated at $16 billion last year, according to Grand View Research, and is expected to grow 23% per year. So, investors might want to keep the stock on their radar.
10 stocks we like better than 3d Systems
When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and 3d Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of October 23, 2023
John Ballard has no position in any of the stocks mentioned. The Motley Fool recommends 3d Systems. 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.
|
Shares of 3D Systems (NYSE: DDD) were down 13% as of 12:06 p.m. The company called out the uncertain macroeconomic and geopolitical environment for why it has decided to withdraw its full-year outlook. Why Wall Street wasn't impressed It's uncertain whether the cost savings plan will be enough to lift the stock.
|
Shares of 3D Systems (NYSE: DDD) were down 13% as of 12:06 p.m. 3D Systems announces plan to boost profits 3D printing demand is clearly not turning the corner anytime soon, so management is turning its focus to reducing costs to shore up the bottom line. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
|
Shares of 3D Systems (NYSE: DDD) were down 13% as of 12:06 p.m. The company reported a quarterly net loss of $28 million in the second quarter, so the savings could help 3D Systems turn a small profit. 10 stocks we like better than 3d Systems When our analyst team has a stock tip, it can pay to listen.
|
Shares of 3D Systems (NYSE: DDD) were down 13% as of 12:06 p.m. The 3D printer company offered preliminary results for the third quarter that call for revenue to be between $123 million and $124 million, representing a year-over-year decline of about 7%. However, the 3D printing market was estimated at $16 billion last year, according to Grand View Research, and is expected to grow 23% per year.
|
917864d0-4639-4133-b54f-5670f73e3eb1
|
716389.0
|
2023-10-20 00:00:00 UTC
|
Why 3D Systems Stock Was a Money-Printing Machine This Week
|
DDD
|
https://www.nasdaq.com/articles/why-3d-systems-stock-was-a-money-printing-machine-this-week
|
nan
|
nan
|
The heyday of 3D printing stocks was several years ago, but apparently someone forgot to tell industry bellwether company 3D Systems (NYSE: DDD). Data compiled by S&P Global Market Intelligence reveal that the company's stock was up 14% week to date as of Friday before market open. Investors clearly liked 3D Systems' new push into one very specific segment of the medical field.
3D Systems produced a cranial implant for a surgical procedure
The great promise of 3D printing has always been that the technology can reliably, and inexpensively, produce objects for a very wide range of uses. On Tuesday, it seemed that 3D Systems was at least partially fulfilling that promise.
The company announced on the day that a custom cranial implant it produced was used in a surgical procedure called cranioplasty. This is the repair of defects in the skull resulting from injury or medical operations. The patient undergoing the cranioplasty received it at University Hospital Basel in Switzerland.
3D Systems didn't hesitate to mention that the implant was produced on company technology that enables a medical facility to quickly manufacture such patient-specific products onsite.
In its press release on the event, 3D Systems quoted Director of Medical Devices Stefan Leonhardt as saying, "We are proud to be at the forefront of this medical revolution, leveraging our expertise in 3D printing to bring tangible benefits to patients."
This technology has loads of potential
The great revolution initially hyped by 3D printing companies didn't materialize quickly, and many investors moved on to other hot new industries. 3D Systems' latest news, however, illustrates the fact that the technology still has vast potential; it's just a matter of reaching it.
10 stocks we like better than 3d Systems
When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and 3d Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of October 16, 2023
Eric Volkman has no position in any of the stocks mentioned. The Motley Fool recommends 3d Systems. 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.
|
The heyday of 3D printing stocks was several years ago, but apparently someone forgot to tell industry bellwether company 3D Systems (NYSE: DDD). 3D Systems didn't hesitate to mention that the implant was produced on company technology that enables a medical facility to quickly manufacture such patient-specific products onsite. This technology has loads of potential The great revolution initially hyped by 3D printing companies didn't materialize quickly, and many investors moved on to other hot new industries.
|
The heyday of 3D printing stocks was several years ago, but apparently someone forgot to tell industry bellwether company 3D Systems (NYSE: DDD). 3D Systems produced a cranial implant for a surgical procedure The great promise of 3D printing has always been that the technology can reliably, and inexpensively, produce objects for a very wide range of uses. 3D Systems didn't hesitate to mention that the implant was produced on company technology that enables a medical facility to quickly manufacture such patient-specific products onsite.
|
The heyday of 3D printing stocks was several years ago, but apparently someone forgot to tell industry bellwether company 3D Systems (NYSE: DDD). 3D Systems produced a cranial implant for a surgical procedure The great promise of 3D printing has always been that the technology can reliably, and inexpensively, produce objects for a very wide range of uses. 3D Systems didn't hesitate to mention that the implant was produced on company technology that enables a medical facility to quickly manufacture such patient-specific products onsite.
|
The heyday of 3D printing stocks was several years ago, but apparently someone forgot to tell industry bellwether company 3D Systems (NYSE: DDD). 3D Systems produced a cranial implant for a surgical procedure The great promise of 3D printing has always been that the technology can reliably, and inexpensively, produce objects for a very wide range of uses. This technology has loads of potential The great revolution initially hyped by 3D printing companies didn't materialize quickly, and many investors moved on to other hot new industries.
|
9ed3eb80-de37-4a5f-bfe9-3e53fa9f67d6
|
716390.0
|
2023-10-05 00:00:00 UTC
|
3D Systems (DDD) Price Target Increased by 6.71% to 8.93
|
DDD
|
https://www.nasdaq.com/articles/3d-systems-ddd-price-target-increased-by-6.71-to-8.93
|
nan
|
nan
|
The average one-year price target for 3D Systems (NYSE:DDD) has been revised to 8.92 / share. This is an increase of 6.71% from the prior estimate of 8.36 dated August 31, 2023.
The price target is an average of many targets provided by analysts. The latest targets range from a low of 6.56 to a high of 12.08 / share. The average price target represents an increase of 110.99% from the latest reported closing price of 4.23 / share.
What is the Fund Sentiment?
There are 451 funds or institutions reporting positions in 3D Systems. This is a decrease of 10 owner(s) or 2.17% in the last quarter. Average portfolio weight of all funds dedicated to DDD is 0.08%, a decrease of 8.02%. Total shares owned by institutions increased in the last three months by 3.16% to 108,428K shares.
The put/call ratio of DDD is 0.96, indicating a bullish outlook.
What are Other Shareholders Doing?
IJR - iShares Core S&P Small-Cap ETF holds 9,195K shares representing 6.88% ownership of the company. In it's prior filing, the firm reported owning 9,540K shares, representing a decrease of 3.74%. The firm decreased its portfolio allocation in DDD by 13.53% over the last quarter.
Invesco holds 6,296K shares representing 4.71% ownership of the company. In it's prior filing, the firm reported owning 5,420K shares, representing an increase of 13.91%. The firm increased its portfolio allocation in DDD by 992.42% over the last quarter.
AIM INTERNATIONAL MUTUAL FUNDS (INVESCO INTERNATIONAL MUTUAL FUNDS) - Invesco Oppenheimer Global Opportunities Fund Class R5 holds 5,000K shares representing 3.74% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,852K shares representing 2.88% ownership of the company. No change in the last quarter.
ARK Investment Management holds 3,766K shares representing 2.82% ownership of the company. In it's prior filing, the firm reported owning 3,627K shares, representing an increase of 3.69%. The firm decreased its portfolio allocation in DDD by 7.35% over the last quarter.
3D Systems Background Information
(This description is provided by the company.)
More than 30 years ago, 3D Systems brought the innovation of 3D printing to the manufacturing industry. Today, as the leading Additive Manufacturing solutions partner, it brings innovation, performance, and reliability to every interaction - empowering its customers to create products and business models never before possible. Thanks to its unique offering of hardware, software, materials and services, each application-specific solution is powered by the expertise of its application engineers who collaborate with customers to transform how they deliver their products and services. 3D Systems' solutions address a variety of advanced applications in Healthcare and Industrial markets such as Medical and Dental, Aerospace & Defense, Automotive and Durable Goods.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
Click to Learn More
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The average one-year price target for 3D Systems (NYSE:DDD) has been revised to 8.92 / share. Average portfolio weight of all funds dedicated to DDD is 0.08%, a decrease of 8.02%. The put/call ratio of DDD is 0.96, indicating a bullish outlook.
|
The average one-year price target for 3D Systems (NYSE:DDD) has been revised to 8.92 / share. Average portfolio weight of all funds dedicated to DDD is 0.08%, a decrease of 8.02%. The put/call ratio of DDD is 0.96, indicating a bullish outlook.
|
The average one-year price target for 3D Systems (NYSE:DDD) has been revised to 8.92 / share. Average portfolio weight of all funds dedicated to DDD is 0.08%, a decrease of 8.02%. The put/call ratio of DDD is 0.96, indicating a bullish outlook.
|
The firm increased its portfolio allocation in DDD by 992.42% over the last quarter. The average one-year price target for 3D Systems (NYSE:DDD) has been revised to 8.92 / share. Average portfolio weight of all funds dedicated to DDD is 0.08%, a decrease of 8.02%.
|
4b7ca1ce-12a0-455b-9b4e-d20c5f303f44
|
716391.0
|
2023-09-28 00:00:00 UTC
|
3D Systems (DDD) to Expand VSP Bolus Distribution With Klarity
|
DDD
|
https://www.nasdaq.com/articles/3d-systems-ddd-to-expand-vsp-bolus-distribution-with-klarity
|
nan
|
nan
|
3D Systems DDD recently revealed that it has partnered with the medical products maker, Klarity, to expand the distribution of its VSP Bolus solution. Under the terms of the deal, Klarity will add VSP Bolus to its patient-specific 3D-printed products, Klarity Prints.
Powered by 3D Systems, Klarity Prints is a service-based line of 3D-printed radiotherapy accessories that does not need specialized hardware or software.
The VSP Bolus, which is approved by the U.S. Food and Drug Administration, is designed as a patient-specific biocompatible 3D-printed material aimed at enhancing the patient's experience by contouring their anatomy. These boluses are crafted to eliminate the need for clinicians to work with complex software and hardware, thereby improving patient care, comfort and reducing technician time.
3D Systems Corporation Price and Consensus
3D Systems Corporation price-consensus-chart | 3D Systems Corporation Quote
This innovative product will be accessible to radiotherapy clinics across the United States and Canada through Klarity's distribution network. Interested clinics can get in touch with Klarity's Account Managers to receive the patient-specific bolus within a few days.
3D Systems Benefits From Robust Portfolio
Additive manufacturing is gaining traction among larger industries seeking economically viable solutions. 3D Systems, recognizing its position as the largest among all additive manufacturing companies, is actively pursuing scalability.
The company is also entering into the fields of biotechnology, metal additive manufacturing and large-format pellet extrusion printing through partnerships with Theradaptive, Oerlikon AM and SWANY Co. Ltd., respectively.
DDD has inked a partnership in the regenerative medicine segment where it collaborated with United Therapeutics UTHR. The companies aim to create highly intricate products, including 3D-printed lungs.
United Therapeutics, a public benefit corporation, is involved in the pursuit of organ manufacturing. Recently, UTHR successfully transplanted a genetically engineered heart, known as Xenoheart, into a living person.
3D Systems also operates in the healthcare sector and it is among the big players in the 3D printed orthodontics segment. With the booming 3D printing industry, DDD’s focus on this market presents a favorable long-term opportunity.
Zacks Rank
3D Systems currently carries a Zacks Rank #2 (Buy), while United Therapeutics carries a Zacks Rank #3 (Hold). Shares of DDD and UTHR have plunged 40.5% and 16.4% year to date, respectively. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Other Key Picks
Some other top-ranked stocks from the broader Computer and Technology sector are NVIDIA Corporation NVDA and Asure Software ASUR.
The Zacks Consensus Estimate for NVIDIA's third-quarter fiscal 2024 earnings has been revised upward by 8 cents to $3.32 per share in the past 30 days. For fiscal 2024, earnings estimates have increased by 21 cents to $10.67 per share in the past 30 days.
NVIDIA’s earnings beat the Zacks Consensus Estimate thrice in the preceding four quarters, while missing on one occasion, the average surprise being 9.8%. Shares of NVDA have surged 190.6% year to date.
The Zacks Consensus Estimate for Asure Software’s third-quarter 2023 earnings has been revised to a penny northward to 6 cents per share over the past 30 days. For 2023, earnings estimates have moved 3 cents north to 54 cents per share in the past 30 days.
Asure's earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 676.4%. Shares of ASUR have lost 0.9% year to date.
Top 5 ChatGPT Stocks Revealed
Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”
Download Free ChatGPT Stock Report Right Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
United Therapeutics Corporation (UTHR) : Free Stock Analysis Report
3D Systems Corporation (DDD) : Free Stock Analysis Report
Asure Software Inc (ASUR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
3D Systems DDD recently revealed that it has partnered with the medical products maker, Klarity, to expand the distribution of its VSP Bolus solution. DDD has inked a partnership in the regenerative medicine segment where it collaborated with United Therapeutics UTHR. With the booming 3D printing industry, DDD’s focus on this market presents a favorable long-term opportunity.
|
Click to get this free report NVIDIA Corporation (NVDA) : Free Stock Analysis Report United Therapeutics Corporation (UTHR) : Free Stock Analysis Report 3D Systems Corporation (DDD) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report To read this article on Zacks.com click here. 3D Systems DDD recently revealed that it has partnered with the medical products maker, Klarity, to expand the distribution of its VSP Bolus solution. DDD has inked a partnership in the regenerative medicine segment where it collaborated with United Therapeutics UTHR.
|
Click to get this free report NVIDIA Corporation (NVDA) : Free Stock Analysis Report United Therapeutics Corporation (UTHR) : Free Stock Analysis Report 3D Systems Corporation (DDD) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report To read this article on Zacks.com click here. 3D Systems DDD recently revealed that it has partnered with the medical products maker, Klarity, to expand the distribution of its VSP Bolus solution. DDD has inked a partnership in the regenerative medicine segment where it collaborated with United Therapeutics UTHR.
|
3D Systems DDD recently revealed that it has partnered with the medical products maker, Klarity, to expand the distribution of its VSP Bolus solution. DDD has inked a partnership in the regenerative medicine segment where it collaborated with United Therapeutics UTHR. With the booming 3D printing industry, DDD’s focus on this market presents a favorable long-term opportunity.
|
6ec7e460-a465-4363-a84b-af17330eec18
|
716392.0
|
2023-09-22 00:00:00 UTC
|
Glass Lewis recommends Stratasys shareholders reject Desktop Metal deal
|
DDD
|
https://www.nasdaq.com/articles/glass-lewis-recommends-stratasys-shareholders-reject-desktop-metal-deal
|
nan
|
nan
|
By Svea Herbst-Bayliss
NEW YORK, Sept 22 (Reuters) - Glass Lewis on Friday urged Stratasys SSYS.O investors to vote against the 3D printer manufacturer's plans to buy Desktop Metal DM.N next week, becoming the second prominent proxy advisory firm to recommend against the deal.
Glass Lewis argued that Stratasys should look at a revised bid it received from 3D Systems this month DDD.N but rejected, according to the Glass Lewis note, which was published on Friday and seen by Reuters.
"The most recent 3D Systems offer warrants further evaluation by the Stratasys board," Glass Lewis wrote, adding "it would not be in shareholders' best interests to approve the Desktop Metal merger at this time in light of the outstanding competing interest and recent developments."
On Wednesday, Institutional Shareholder Services, Glass Lewis' bigger competitor, also recommended against the Desktop Metal deal. Together the two firms carry significant weight with shareholders and their recommendations, coming only days before the Sept. 28 vote, mark the latest twist in a years-long drama over how the 3D printing industry may be consolidated.
Glass Lewis wrote that the Desktop Metal merger "could be a reasonable transaction from the point of Stratasys." But the note added that Stratasys' "effort" in handling the most recent revised 3D Systems offer raises "concerns".
A Stratasys representative did not immediately respond to a request for comment.
Stratasys made its all-stock bid for Desktop Metal in May in a transaction valued at about $1.8 billion. 3D Systems made cash and stock bids later, which the company last week rejected when it also said it was terminating discussions with 3D.
"In our view, the 3D Systems offer presents not only compelling value for Stratasys shareholders, but also lower regulatory hurdles and greater potential scale as composed to the Desktop Metal merger. The competing offer also includes the
binding offer and $50 million termination fee, among other potential benefits," the note said.
(Reporting by Svea Herbst-Bayliss; Editing by Sharon Singleton)
((svea.herbst@thomsonreuters.com; +617 233 2138; 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.
|
Glass Lewis argued that Stratasys should look at a revised bid it received from 3D Systems this month DDD.N but rejected, according to the Glass Lewis note, which was published on Friday and seen by Reuters. By Svea Herbst-Bayliss NEW YORK, Sept 22 (Reuters) - Glass Lewis on Friday urged Stratasys SSYS.O investors to vote against the 3D printer manufacturer's plans to buy Desktop Metal DM.N next week, becoming the second prominent proxy advisory firm to recommend against the deal. Together the two firms carry significant weight with shareholders and their recommendations, coming only days before the Sept. 28 vote, mark the latest twist in a years-long drama over how the 3D printing industry may be consolidated.
|
Glass Lewis argued that Stratasys should look at a revised bid it received from 3D Systems this month DDD.N but rejected, according to the Glass Lewis note, which was published on Friday and seen by Reuters. By Svea Herbst-Bayliss NEW YORK, Sept 22 (Reuters) - Glass Lewis on Friday urged Stratasys SSYS.O investors to vote against the 3D printer manufacturer's plans to buy Desktop Metal DM.N next week, becoming the second prominent proxy advisory firm to recommend against the deal. "The most recent 3D Systems offer warrants further evaluation by the Stratasys board," Glass Lewis wrote, adding "it would not be in shareholders' best interests to approve the Desktop Metal merger at this time in light of the outstanding competing interest and recent developments."
|
Glass Lewis argued that Stratasys should look at a revised bid it received from 3D Systems this month DDD.N but rejected, according to the Glass Lewis note, which was published on Friday and seen by Reuters. By Svea Herbst-Bayliss NEW YORK, Sept 22 (Reuters) - Glass Lewis on Friday urged Stratasys SSYS.O investors to vote against the 3D printer manufacturer's plans to buy Desktop Metal DM.N next week, becoming the second prominent proxy advisory firm to recommend against the deal. "The most recent 3D Systems offer warrants further evaluation by the Stratasys board," Glass Lewis wrote, adding "it would not be in shareholders' best interests to approve the Desktop Metal merger at this time in light of the outstanding competing interest and recent developments."
|
Glass Lewis argued that Stratasys should look at a revised bid it received from 3D Systems this month DDD.N but rejected, according to the Glass Lewis note, which was published on Friday and seen by Reuters. By Svea Herbst-Bayliss NEW YORK, Sept 22 (Reuters) - Glass Lewis on Friday urged Stratasys SSYS.O investors to vote against the 3D printer manufacturer's plans to buy Desktop Metal DM.N next week, becoming the second prominent proxy advisory firm to recommend against the deal. Glass Lewis wrote that the Desktop Metal merger "could be a reasonable transaction from the point of Stratasys."
|
36287eab-ad2f-47d7-ae3a-09cdb801e7ab
|
716393.0
|
2023-09-21 00:00:00 UTC
|
Activist investor Donerail to vote against Stratasys acquisition of Desktop Metal
|
DDD
|
https://www.nasdaq.com/articles/activist-investor-donerail-to-vote-against-stratasys-acquisition-of-desktop-metal
|
nan
|
nan
|
By Svea Herbst-Bayliss
NEW YORK, Sept 21 (Reuters) - Activist investor Donerail Group, which owns shares in Stratasys SSYS.O, on Thursday said it will vote down the company's plan to buy Desktop Metal DM.N next week, the latest twist in a years-long drama over consolidation of the 3D printing industry.
Donerail Group's managing partner William Wyatt, who cemented his activist investment skills at Starboard Value, made his firm's voting plan public one day after influential proxy advisory firm Institutional Shareholder Services on Wednesday urged shareholders to reject the deal on Sept. 28.
He also said his firm would prefer a proposed plan by 3D Systems DDD.N to buy Stratasys and criticized the Stratasys board for rejecting that proposal.
"We intent to vote AGAINST" the Stratasys deal "given the multitude of clear value-creating options that do exist," Wyatt said in a release. In a letter written in June, Wyatt said his firm owned 2.3% of Stratasys.
Stratasys last week turned down 3D Systems' s DDD.N bid to buy the company, sticking instead with plans to make its own acquisition.
ISS on Wednesday surprised many investors and analysts when it weighed in on a rival offer that had been rejected, saying the stock and cash offer from 3D Systems for Stratasys would be a more convincing route to value creation .
Donerail agreed, writing "ISS questioned critical matters that, we believe, speak to the Board’s inability to act as fiduciaries and properly oversee Stratasys management."
Representatives for Stratasys declined to comment.
Stratasys investor Nano Dimension, which owns 14.1% of the company, said last week that it would vote against the merger.
(Reporting by Svea Herbst-Bayliss; Editing by David Gregorio)
((svea.herbst@thomsonreuters.com; +617 233 2138; 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.
|
Stratasys last week turned down 3D Systems' s DDD.N bid to buy the company, sticking instead with plans to make its own acquisition. He also said his firm would prefer a proposed plan by 3D Systems DDD.N to buy Stratasys and criticized the Stratasys board for rejecting that proposal. By Svea Herbst-Bayliss NEW YORK, Sept 21 (Reuters) - Activist investor Donerail Group, which owns shares in Stratasys SSYS.O, on Thursday said it will vote down the company's plan to buy Desktop Metal DM.N next week, the latest twist in a years-long drama over consolidation of the 3D printing industry.
|
He also said his firm would prefer a proposed plan by 3D Systems DDD.N to buy Stratasys and criticized the Stratasys board for rejecting that proposal. Stratasys last week turned down 3D Systems' s DDD.N bid to buy the company, sticking instead with plans to make its own acquisition. By Svea Herbst-Bayliss NEW YORK, Sept 21 (Reuters) - Activist investor Donerail Group, which owns shares in Stratasys SSYS.O, on Thursday said it will vote down the company's plan to buy Desktop Metal DM.N next week, the latest twist in a years-long drama over consolidation of the 3D printing industry.
|
He also said his firm would prefer a proposed plan by 3D Systems DDD.N to buy Stratasys and criticized the Stratasys board for rejecting that proposal. Stratasys last week turned down 3D Systems' s DDD.N bid to buy the company, sticking instead with plans to make its own acquisition. By Svea Herbst-Bayliss NEW YORK, Sept 21 (Reuters) - Activist investor Donerail Group, which owns shares in Stratasys SSYS.O, on Thursday said it will vote down the company's plan to buy Desktop Metal DM.N next week, the latest twist in a years-long drama over consolidation of the 3D printing industry.
|
He also said his firm would prefer a proposed plan by 3D Systems DDD.N to buy Stratasys and criticized the Stratasys board for rejecting that proposal. Stratasys last week turned down 3D Systems' s DDD.N bid to buy the company, sticking instead with plans to make its own acquisition. Donerail Group's managing partner William Wyatt, who cemented his activist investment skills at Starboard Value, made his firm's voting plan public one day after influential proxy advisory firm Institutional Shareholder Services on Wednesday urged shareholders to reject the deal on Sept. 28.
|
b690b7d4-8663-4b48-8b2e-a8f91216c302
|
716394.0
|
2023-09-20 00:00:00 UTC
|
Proxy advisor ISS opposes Stratasys, Desktop Metal merger in 3D printing
|
DDD
|
https://www.nasdaq.com/articles/proxy-advisor-iss-opposes-stratasys-desktop-metal-merger-in-3d-printing
|
nan
|
nan
|
By Svea Herbst-Bayliss
NEW YORK, Sept 20 (Reuters) - Influential proxy advisory firm Institutional Shareholder Services recommended 3D printer manufacturer Stratasys SSYS.O shareholders reject plans to buy Desktop MetalDM.N, saying another offer "presents a more convincing route to value creation," in a note seen by Reuters on Wednesday.
ISS's recommendation, which tends to carry significant weight with shareholders, comes only days before the Sept. 28 vote and marks the latest twist in a years-long drama over how the 3D printing industry may be consolidated.
"It is not clear that it (the all-stock offer Stratasys made for Desktop Metal) creates value for 3D printer manufacturer Stratasys shareholders," ISS wrote in its note to clients with a headline "vote against acquisition at SSYS meeting."
Representatives for Stratasys did not immediately respond to a request for comment.
Instead, ISS wrote that a bid from 3D SystemsDDD.N to buy Stratasys, which was disclosed last week and is the latest in a series of overtures to buy the company that now plans to buy someone else, would offer more value to shareholders.
Desktop Metal made its all-stock deal proposal on May 25, valuing its equity at approximately $591 million in aggregate.
The deal would generate about $50 million in revenue synergies plus $50 million in annual cost savings by 2025, the Stratasys board has argued. The directors felt this deal was more attractive than others, including overtures from 3D Systems and Nano Dimension.
But as Stratasys', Desktop Metal's and 3D Systems' share prices have dropped in the last 52 weeks, ISS argued that 3D Systems' cash and stock offer for Stratasys "holds out an important hedge against further declines."
3D Systems offered to pay $7 in cash and 1.6387 3D shares per Stratasys share, which would leave them owning 46% of the combined company. Stratasys last week rejected the offer and said it was terminating discussions with 3D.
Stratasys investor Nano Dimension, which owns 14.1% of the company, said last week that it would vote against the merger.
(Reporting by Svea Herbst-Bayliss; Editing by Josie Kao)
((svea.herbst@thomsonreuters.com; +617 233 2138; 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.
|
Instead, ISS wrote that a bid from 3D SystemsDDD.N to buy Stratasys, which was disclosed last week and is the latest in a series of overtures to buy the company that now plans to buy someone else, would offer more value to shareholders. By Svea Herbst-Bayliss NEW YORK, Sept 20 (Reuters) - Influential proxy advisory firm Institutional Shareholder Services recommended 3D printer manufacturer Stratasys SSYS.O shareholders reject plans to buy Desktop MetalDM.N, saying another offer "presents a more convincing route to value creation," in a note seen by Reuters on Wednesday. ISS's recommendation, which tends to carry significant weight with shareholders, comes only days before the Sept. 28 vote and marks the latest twist in a years-long drama over how the 3D printing industry may be consolidated.
|
Instead, ISS wrote that a bid from 3D SystemsDDD.N to buy Stratasys, which was disclosed last week and is the latest in a series of overtures to buy the company that now plans to buy someone else, would offer more value to shareholders. By Svea Herbst-Bayliss NEW YORK, Sept 20 (Reuters) - Influential proxy advisory firm Institutional Shareholder Services recommended 3D printer manufacturer Stratasys SSYS.O shareholders reject plans to buy Desktop MetalDM.N, saying another offer "presents a more convincing route to value creation," in a note seen by Reuters on Wednesday. "It is not clear that it (the all-stock offer Stratasys made for Desktop Metal) creates value for 3D printer manufacturer Stratasys shareholders," ISS wrote in its note to clients with a headline "vote against acquisition at SSYS meeting."
|
Instead, ISS wrote that a bid from 3D SystemsDDD.N to buy Stratasys, which was disclosed last week and is the latest in a series of overtures to buy the company that now plans to buy someone else, would offer more value to shareholders. By Svea Herbst-Bayliss NEW YORK, Sept 20 (Reuters) - Influential proxy advisory firm Institutional Shareholder Services recommended 3D printer manufacturer Stratasys SSYS.O shareholders reject plans to buy Desktop MetalDM.N, saying another offer "presents a more convincing route to value creation," in a note seen by Reuters on Wednesday. "It is not clear that it (the all-stock offer Stratasys made for Desktop Metal) creates value for 3D printer manufacturer Stratasys shareholders," ISS wrote in its note to clients with a headline "vote against acquisition at SSYS meeting."
|
Instead, ISS wrote that a bid from 3D SystemsDDD.N to buy Stratasys, which was disclosed last week and is the latest in a series of overtures to buy the company that now plans to buy someone else, would offer more value to shareholders. By Svea Herbst-Bayliss NEW YORK, Sept 20 (Reuters) - Influential proxy advisory firm Institutional Shareholder Services recommended 3D printer manufacturer Stratasys SSYS.O shareholders reject plans to buy Desktop MetalDM.N, saying another offer "presents a more convincing route to value creation," in a note seen by Reuters on Wednesday. "It is not clear that it (the all-stock offer Stratasys made for Desktop Metal) creates value for 3D printer manufacturer Stratasys shareholders," ISS wrote in its note to clients with a headline "vote against acquisition at SSYS meeting."
|
b7d84d12-1850-4f7c-ae1c-7ec27eda222a
|
716395.0
|
2023-09-19 00:00:00 UTC
|
Technology Sector Update for 09/19/2023: AAOI, DDD, SPNS, XLK, XSD
|
DDD
|
https://www.nasdaq.com/articles/technology-sector-update-for-09-19-2023%3A-aaoi-ddd-spns-xlk-xsd
|
nan
|
nan
|
Technology stocks were mixed pre-bell Tuesday as the Technology Select Sector SPDR Fund (XLK) was down 0.2%, while the SPDR S&P Semiconductor ETF (XSD) was slightly advancing recently.
Applied Optoelectronics (AAOI) was up more than 2% after saying it filed a patent infringement lawsuit Monday against Molex in the US District Court for the Northern District of California.
3D Systems (DDD) bagged a $10.8 million US Air Force contract for Large-format Metal 3D Printer Advanced Technology Demonstrator, according to a notice posted on the US Defense Department's website. 3D Systems was up 1.2% in recent premarket activity.
Sapiens International (SPNS) said the American Armed Forces Mutual Aid Association has chosen the company's customer acquisition software-as-a-service product suite as part of the financial services providers' initiative to modernize its customer acquisition processes. Sapiens International was marginally higher pre-bell.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
3D Systems (DDD) bagged a $10.8 million US Air Force contract for Large-format Metal 3D Printer Advanced Technology Demonstrator, according to a notice posted on the US Defense Department's website. Technology stocks were mixed pre-bell Tuesday as the Technology Select Sector SPDR Fund (XLK) was down 0.2%, while the SPDR S&P Semiconductor ETF (XSD) was slightly advancing recently. Sapiens International (SPNS) said the American Armed Forces Mutual Aid Association has chosen the company's customer acquisition software-as-a-service product suite as part of the financial services providers' initiative to modernize its customer acquisition processes.
|
3D Systems (DDD) bagged a $10.8 million US Air Force contract for Large-format Metal 3D Printer Advanced Technology Demonstrator, according to a notice posted on the US Defense Department's website. Technology stocks were mixed pre-bell Tuesday as the Technology Select Sector SPDR Fund (XLK) was down 0.2%, while the SPDR S&P Semiconductor ETF (XSD) was slightly advancing recently. Sapiens International (SPNS) said the American Armed Forces Mutual Aid Association has chosen the company's customer acquisition software-as-a-service product suite as part of the financial services providers' initiative to modernize its customer acquisition processes.
|
3D Systems (DDD) bagged a $10.8 million US Air Force contract for Large-format Metal 3D Printer Advanced Technology Demonstrator, according to a notice posted on the US Defense Department's website. Technology stocks were mixed pre-bell Tuesday as the Technology Select Sector SPDR Fund (XLK) was down 0.2%, while the SPDR S&P Semiconductor ETF (XSD) was slightly advancing recently. Sapiens International (SPNS) said the American Armed Forces Mutual Aid Association has chosen the company's customer acquisition software-as-a-service product suite as part of the financial services providers' initiative to modernize its customer acquisition processes.
|
3D Systems (DDD) bagged a $10.8 million US Air Force contract for Large-format Metal 3D Printer Advanced Technology Demonstrator, according to a notice posted on the US Defense Department's website. Technology stocks were mixed pre-bell Tuesday as the Technology Select Sector SPDR Fund (XLK) was down 0.2%, while the SPDR S&P Semiconductor ETF (XSD) was slightly advancing recently. Applied Optoelectronics (AAOI) was up more than 2% after saying it filed a patent infringement lawsuit Monday against Molex in the US District Court for the Northern District of California.
|
28fcdd4e-5ad3-410a-8c56-f50a7bc84f2c
|
716396.0
|
2023-09-15 00:00:00 UTC
|
After Plunging -17.67% in 4 Weeks, Here's Why the Trend Might Reverse for 3D Systems (DDD)
|
DDD
|
https://www.nasdaq.com/articles/after-plunging-17.67-in-4-weeks-heres-why-the-trend-might-reverse-for-3d-systems-ddd
|
nan
|
nan
|
3D Systems (DDD) has been beaten down lately with too much selling pressure. While the stock has lost 17.7% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier.
Here is How to Spot Oversold Stocks
We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measures the speed and change of price movements.
RSI oscillates between zero and 100. Usually, a stock is considered oversold when its RSI reading falls below 30.
Technically, every stock oscillates between being overbought and oversold irrespective of the quality of their fundamentals. And the beauty of RSI is that it helps you quickly and easily check if a stock's price is reaching a point of reversal.
So, by this measure, if a stock has gotten too far below its fair value just because of unwarranted selling pressure, investors may start looking for entry opportunities in the stock for benefitting from the inevitable rebound.
However, like every investing tool, RSI has its limitations, and should not be used alone for making an investment decision.
Why a Trend Reversal is Due for DDD
The RSI reading of 24.62 for DDD is an indication that the heavy selling could be in the process of exhausting itself, so the stock could bounce back in a quest for reaching the old equilibrium of supply and demand.
This technical indicator is not the only factor that calls for a potential rebound for the stock. There is a fundamental indicator as well. A strong agreement among sell-side analysts covering DDD in raising earnings estimates for the current year has led to an increase in the consensus EPS estimate by 2% over the last 30 days. And an upward trend in earnings estimate revisions usually translates into price appreciation in the near term.
Moreover, DDD currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. This is a more conclusive indication of the stock's potential turnaround in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
3D Systems Corporation (DDD) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
3D Systems (DDD) has been beaten down lately with too much selling pressure. Why a Trend Reversal is Due for DDD The RSI reading of 24.62 for DDD is an indication that the heavy selling could be in the process of exhausting itself, so the stock could bounce back in a quest for reaching the old equilibrium of supply and demand. A strong agreement among sell-side analysts covering DDD in raising earnings estimates for the current year has led to an increase in the consensus EPS estimate by 2% over the last 30 days.
|
Moreover, DDD currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. Click to get this free report 3D Systems Corporation (DDD) : Free Stock Analysis Report To read this article on Zacks.com click here. 3D Systems (DDD) has been beaten down lately with too much selling pressure.
|
Why a Trend Reversal is Due for DDD The RSI reading of 24.62 for DDD is an indication that the heavy selling could be in the process of exhausting itself, so the stock could bounce back in a quest for reaching the old equilibrium of supply and demand. 3D Systems (DDD) has been beaten down lately with too much selling pressure. A strong agreement among sell-side analysts covering DDD in raising earnings estimates for the current year has led to an increase in the consensus EPS estimate by 2% over the last 30 days.
|
3D Systems (DDD) has been beaten down lately with too much selling pressure. Why a Trend Reversal is Due for DDD The RSI reading of 24.62 for DDD is an indication that the heavy selling could be in the process of exhausting itself, so the stock could bounce back in a quest for reaching the old equilibrium of supply and demand. A strong agreement among sell-side analysts covering DDD in raising earnings estimates for the current year has led to an increase in the consensus EPS estimate by 2% over the last 30 days.
|
952bb97d-da33-4ead-a10f-70051ab8df5c
|
716397.0
|
2023-09-13 00:00:00 UTC
|
Zacks Industry Outlook Highlights Apple, HP and 3D Systems
|
DDD
|
https://www.nasdaq.com/articles/zacks-industry-outlook-highlights-apple-hp-and-3d-systems
|
nan
|
nan
|
For Immediate Release
Chicago, IL – September 13, 2023 – Today, Zacks Equity Research discusses Apple AAPL, HP HPQ and 3D Systems DDD.
Industry: Mini-Computers
Link: https://www.zacks.com/commentary/2147724/3-stocks-to-watch-from-the-challenging-computer-industry
The Zacks Computer – Mini Computers industry is suffering from the waning demand for consumer PCs, massive supply-chain issues and geopolitical challenges, including raging inflation and high interest. Nevertheless, strong demand for high-end enterprise laptops is benefiting Apple and HP. Steady demand for 3-D printing is aiding 3D Systems. The improving availability of 5G-enabled smartphones has been a key catalyst for industry participants.
The growing adoption of tablets among enterprises bodes well for companies like Apple and Lenovo. The launch of foldable, and AI and ML-infused smartphones, tablets, wearables and hearables is another major growth driver for industry participants. Robust demand for production printers, materials and software bodes well for 3-D printing solution providers.
Industry Description
The Zacks Computer – Mini Computers industry comprises companies that offer smartphones, desktops, laptops, printers, wearables and 3-D printers. Such devices are based either on iOS, MacOS, iPadOS, WatchOS, Microsoft Windows or Google Chrome and Android operating systems. The companies predominantly use processors from Apple, Intel, AMD, Qualcomm, NVIDIA and Samsung.
Expanding screen size, better display and enhanced storage capabilities have been the key catalysts driving the rapid proliferation of smartphones. This has been well-supported by faster mobile processors. Laptops, both consumer and commercial, benefit from faster processors, sleek designs and expanded storage facilities. The addition of healthcare features has been driving the demand for wearables.
3 Mini Computer Industry Trends to Watch
Enterprise Adoption Remains Healthy: Strong enterprise demand has been benefiting industry participants. The industry is benefiting from the rapid adoption of Bring Your Own Device (BYOD) in workplaces. Enterprises practicing BYOD allow employees to use their personal devices, including mobiles, laptops and tablets, for work purposes.
Moreover, the growing adoption of a hybrid working environment bodes well for industry participants, as demand for laptops and tablets is expected to increase. Demand for smart devices that offer facial recognition, retina scans, or finger impressions to verify the user for biometrics is gaining traction as enterprises enhance security.
Impressive Form Factor Drives Demand: Expanding screen size, better display and enhanced storage capabilities have been the key catalysts driving the rapid proliferation of smartphones and tablets. This has been well-supported by faster mobile processors from the likes of Qualcomm, NVIDIA, Apple and Samsung.
Improved Internet penetration and speed, along with the evolution of mobile apps, have made smartphones indispensable for consumers. Improved graphics quality is making smartphones suitable for playing sophisticated games. This is driving demand for high-end smartphones and opening up significant opportunities for device makers.
PCs Face Extinction Risk: Personal computers (desktops and laptops), be it Windows or Apple’s MacOS-based ones, have been facing the risk of extinction due to the rapid proliferation of smartphones and tablets. Stiff competition from smartphones has compelled global PC makers to not only upgrade hardware frequently but also add apps and cloud-based services to attract consumers. Nevertheless, the emergence of 5G, AI, machine learning and foldable computers is likely to be the key catalysts in expanding the total addressable market of PCs.
Zacks Industry Rank Indicates Dim Prospects
The Zacks Computer – Mini Computers industry is housed within the broader Zacks Computer and Technology sector. It carries a Zacks Industry Rank #196, which places it in the bottom 22% of more than 250 Zacks industries.
The group’s Zacks Industry Rank, which is the average of the Zacks Rank of all the member stocks, indicates dim near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than two to one.
The industry’s position in the bottom 50% of the Zacks-ranked industries is a result of a negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are pessimistic about this group’s earnings growth potential. Since Sep 30, 2022, the Zacks Consensus Estimate for this industry’s 2023 earnings has moved down 6.6%.
Despite the gloomy outlook, there are a few stocks worth watching in the sector. But before we present those stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock-market performance and valuation picture.
Industry Lags Sector Beats S&P 500
The Zacks Computer – Mini Computers industry has underperformed the broader Zacks Computer and Technology sector but beat the S&P 500 index over the past year.
The industry has surged 16.4% over this period compared with the S&P 500’s return of 14.5% and the broader sector’s growth of 27.5%.
Industry's Current Valuation
On the basis of forward 12-month P/E, which is a commonly used multiple for valuing computer stocks, we see that the industry is currently trading at 26.65X compared with the S&P 500’s 19.30X and the sector’s 24.17X.
Over the last five years, the industry has traded as high as 32.32X and as low as 11.49X, with the median being 23.64X.
3 Computer Stocks to Watch Right Now
3D Systems – This Zacks Rank #2 (Buy) company benefits from strong orthodontics, healthcare and industrial businesses. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The healthcare business is benefiting from the emergence of Virtual Surgical Planning and Orthopedic applications. 3D Systems is expected to benefit from dominance in the aerospace & defense market. Its partnership with Theradaptive boosts the addressable market. 3D Systems’ prospects are also expected to benefit from its initiatives related to Regenerative Medicine.
The Zacks Consensus Estimate for 2023 loss has widened by a couple of cents to 22 cents per share over the past 30 days. The stock has declined 31.9% in the year-to-date period.
Apple: This Zacks Rank #3 (Hold) company is benefiting from steady demand for iPhone 14 and 14 Plus, as well as expanding footprint in emerging markets. A growing subscriber base and improving customer engagement are tailwinds for the services business.
Apple currently has more than 1 billion paid subscribers across its Services portfolio. The App Store continues to draw the attention of prominent developers worldwide, helping it offer appealing new apps that drive the App Store’s traffic. A growing number of AI-infused apps will attract subscribers to the App Store.
The Zacks Consensus Estimate for fiscal 2023 earnings has increased by a penny to $6.05 per share over the past 30 days. The stock has gained 38% in the year-to-date period.
HP: This Zacks Rank #3 company’s sustained focus on launching the latest and innovative products is likely to help it stay afloat in the current uncertain macroeconomic environment.
Product innovation and differentiations are the key drivers that have helped HPQ maintain its leading position in the PC and printer markets.
The Zacks Consensus Estimate for fiscal 2023 earnings has decreased 11.4% to $3.31 per share over the past 30 days. Shares of HP have gained 10% year to date.
Why Haven’t You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation.
See Stocks Free >>
Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch/
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
https://www.zacks.com
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Top 5 ChatGPT Stocks Revealed
Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”
Download Free ChatGPT Stock Report Right Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Apple Inc. (AAPL) : Free Stock Analysis Report
HP Inc. (HPQ) : Free Stock Analysis Report
3D Systems Corporation (DDD) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
For Immediate Release Chicago, IL – September 13, 2023 – Today, Zacks Equity Research discusses Apple AAPL, HP HPQ and 3D Systems DDD. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report HP Inc. (HPQ) : Free Stock Analysis Report 3D Systems Corporation (DDD) : Free Stock Analysis Report To read this article on Zacks.com click here. Demand for smart devices that offer facial recognition, retina scans, or finger impressions to verify the user for biometrics is gaining traction as enterprises enhance security.
|
Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report HP Inc. (HPQ) : Free Stock Analysis Report 3D Systems Corporation (DDD) : Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL – September 13, 2023 – Today, Zacks Equity Research discusses Apple AAPL, HP HPQ and 3D Systems DDD. Industry Description The Zacks Computer – Mini Computers industry comprises companies that offer smartphones, desktops, laptops, printers, wearables and 3-D printers.
|
For Immediate Release Chicago, IL – September 13, 2023 – Today, Zacks Equity Research discusses Apple AAPL, HP HPQ and 3D Systems DDD. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report HP Inc. (HPQ) : Free Stock Analysis Report 3D Systems Corporation (DDD) : Free Stock Analysis Report To read this article on Zacks.com click here. Industry Description The Zacks Computer – Mini Computers industry comprises companies that offer smartphones, desktops, laptops, printers, wearables and 3-D printers.
|
For Immediate Release Chicago, IL – September 13, 2023 – Today, Zacks Equity Research discusses Apple AAPL, HP HPQ and 3D Systems DDD. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report HP Inc. (HPQ) : Free Stock Analysis Report 3D Systems Corporation (DDD) : Free Stock Analysis Report To read this article on Zacks.com click here. 3 Mini Computer Industry Trends to Watch Enterprise Adoption Remains Healthy: Strong enterprise demand has been benefiting industry participants.
|
c69577d8-ed44-459c-9890-a8aa36e1be9f
|
716398.0
|
2023-09-08 00:00:00 UTC
|
Why Is 3D Systems (DDD) Down 25.5% Since Last Earnings Report?
|
DDD
|
https://www.nasdaq.com/articles/why-is-3d-systems-ddd-down-25.5-since-last-earnings-report
|
nan
|
nan
|
A month has gone by since the last earnings report for 3D Systems (DDD). Shares have lost about 25.5% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is 3D Systems due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.
3D Systems Q2 Loss Meets Estimates, Revenues Miss
3D Systems reported mixed second-quarter 2023 results, wherein the bottom line matched the Zacks Consensus Estimate, but the top line fell short of the same. The company reported a second-quarter 2023 non-GAAP loss of 7 cents per share, in line with the consensus mark.
The bottom line was also flat with the year-ago quarter as the negative impact of reduced revenues was fully offset by the benefits of an improved gross margin and higher interest income earned on cash and cash equivalents due to an increased interest rate.
In the second quarter of 2023, 3D Systems reported revenues of $128.2 million, down 8.5% from the year-ago quarter, which missed the consensus mark of $134.3 million. On a constant-currency basis, revenues decreased 8.7% year over year. The dismal top-line performance reflects lower sales to certain dental orthodontic market customers due to macroeconomic headwinds that are negatively impacting the demand for elective dental procedures.
Second-Quarter in Detail
In the second quarter, Product revenues represented 69.6% of the total revenues and decreased 14.1% to $89.2 million. Revenues from Services, which accounted for the remaining 30.4% of revenues, climbed 7.6% year over year to $39 million. Our estimates for the Product and Services segments revenue were pegged at $95.6 million and $40.9 million, respectively.
On the basis of market type, revenues from the Healthcare segment fell 15.2% year over year to $60.9 million. On a constant-currency basis, the segment’s revenues plunged 15.4% year over year, mainly due to continued softness across the dental orthodontic market. Our model estimate for Healthcare division was pegged at $63.4 million.
The Industrial Division’s revenues decreased 1.4% year over year to $67.3 million. On a constant-currency basis, the segment’s revenues declined 1.7%. Our model estimate for Industrial division was pegged at $73.1 million.
In the second quarter of 2023, 3D Systems’ non-GAAP gross profit decreased 6.3% year over year to $49.9 million. However, the non-GAAP gross profit margin expanded 110 basis points to 39%, mainly driven by favorable pricing, a product mix and the benefits of cost optimization initiatives.
Adjusted EBITDA was negative $6.9 million, $4.3 million higher than the year-ago quarter. An increased adjusted EBITDA loss reflects the negative impact of lower sales volumes, an inflationary impact on input costs and continued investments for portfolio & business growth.
Balance Sheet Details
The company exited the second quarter with cash, cash equivalents and short-term investments of $491.6 million, lower than the previous quarter's $529.9 million. As of Jun 30, 2023, 3D Systems had total debt of $450.8 million, slightly up from the previous quarter’s $450.2 million.
In the first half of 2023, the company utilized $46.3 million of cash from operational activities.
Lowered 2023 Guidance
Battered by the dismal second-quarter performance, 3D Systems lowered its revenue guidance for the full-year 2023. The company now expects 2023 revenues in the range of $525-$545 million, down from the previous guidance in the band of $545-$575 million.
It now projects to exit the fourth quarter with positive adjusted EBITDA. Earlier, the company had projected adjusted EBITDA of $2 million or better in 2023.
However, 3D Systems still forecasts the non-GAAP gross profit margin in the 40 range.
How Have Estimates Been Moving Since Then?
In the past month, investors have witnessed a downward trend in estimates review.
VGM Scores
At this time, 3D Systems has a poor Growth Score of F, however its Momentum Score is doing a lot better with an A. However, the stock was allocated a grade of F on the value side, putting it in the bottom 20% quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, 3D Systems has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
3D Systems Corporation (DDD) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
A month has gone by since the last earnings report for 3D Systems (DDD). Click to get this free report 3D Systems Corporation (DDD) : Free Stock Analysis Report To read this article on Zacks.com click here. Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.
|
A month has gone by since the last earnings report for 3D Systems (DDD). Click to get this free report 3D Systems Corporation (DDD) : Free Stock Analysis Report To read this article on Zacks.com click here. 3D Systems Q2 Loss Meets Estimates, Revenues Miss 3D Systems reported mixed second-quarter 2023 results, wherein the bottom line matched the Zacks Consensus Estimate, but the top line fell short of the same.
|
A month has gone by since the last earnings report for 3D Systems (DDD). Click to get this free report 3D Systems Corporation (DDD) : Free Stock Analysis Report To read this article on Zacks.com click here. 3D Systems Q2 Loss Meets Estimates, Revenues Miss 3D Systems reported mixed second-quarter 2023 results, wherein the bottom line matched the Zacks Consensus Estimate, but the top line fell short of the same.
|
A month has gone by since the last earnings report for 3D Systems (DDD). Click to get this free report 3D Systems Corporation (DDD) : Free Stock Analysis Report To read this article on Zacks.com click here. Our estimates for the Product and Services segments revenue were pegged at $95.6 million and $40.9 million, respectively.
|
263f8559-a44e-46ea-82bf-159b68dd7f09
|
716399.0
|
2023-08-30 00:00:00 UTC
|
Why 3D Systems Stock Zoomed Higher Today
|
DDD
|
https://www.nasdaq.com/articles/why-3d-systems-stock-zoomed-higher-today
|
nan
|
nan
|
What happened
One of the top tech companies on planet Earth is harnessing 3D printing technology, it seems. On that news, 3D printing stocks rose cautiously on Wednesday, including that of industry bellwether 3D Systems (NYSE: DDD). The company's shares notched a 2% gain, which bettered the just-under 0.4% rise of the S&P 500 index.
So what
Citing "people with knowledge of the matter" as sources, Bloomberg on Wednesday morning published an article stating that Apple (NASDAQ: AAPL) is the company taking the 3D plunge. According to those sources, the tech giant is testing 3D printers in the manufacture of a steel chassis that will be used in some of its upcoming Apple Watch models.
The story did not name any particular 3D printer or printers, nor did it identify any manufacturers whose products Apple might be utilizing in the effort. 3D Systems would be an obvious candidate due to its relative longevity and prominence.
With its 3D printing experiment, Apple aims to streamline its supply chain. This should save costs in addition to helping the environment. Previously, such components were made by cutting them out of large metal slabs. 3D printing results in far less waste of this material.
Now what
As is its habit in such situations, Apple has not officially commented on the Bloomberg story. 3D Systems management has also not reacted to it.
While highly speculative, this prospect of Apple moving to 3D printing is an exciting one for anyone invested in that industry. Assuming the article is accurate and the tech company makes such products an integral part of its manufacturing profile, 3D stocks will almost certainly experience a resurgence.
10 stocks we like better than 3D Systems
When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of August 28, 2023
Eric Volkman has positions in Apple. The Motley Fool has positions in and recommends Apple. The Motley Fool recommends 3D Systems. 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.
|
On that news, 3D printing stocks rose cautiously on Wednesday, including that of industry bellwether 3D Systems (NYSE: DDD). So what Citing "people with knowledge of the matter" as sources, Bloomberg on Wednesday morning published an article stating that Apple (NASDAQ: AAPL) is the company taking the 3D plunge. According to those sources, the tech giant is testing 3D printers in the manufacture of a steel chassis that will be used in some of its upcoming Apple Watch models.
|
On that news, 3D printing stocks rose cautiously on Wednesday, including that of industry bellwether 3D Systems (NYSE: DDD). After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. The Motley Fool has positions in and recommends Apple.
|
On that news, 3D printing stocks rose cautiously on Wednesday, including that of industry bellwether 3D Systems (NYSE: DDD). 10 stocks we like better than 3D Systems When our analyst team has a stock tip, it can pay to listen. See the 10 stocks *Stock Advisor returns as of August 28, 2023 Eric Volkman has positions in Apple.
|
On that news, 3D printing stocks rose cautiously on Wednesday, including that of industry bellwether 3D Systems (NYSE: DDD). The story did not name any particular 3D printer or printers, nor did it identify any manufacturers whose products Apple might be utilizing in the effort. Assuming the article is accurate and the tech company makes such products an integral part of its manufacturing profile, 3D stocks will almost certainly experience a resurgence.
|
a1d19fc2-4eaa-4ab0-8fdb-8f2029a27630
|
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.